Topics: Scott breaks down what it is we all seek, and how we base our decisions on where to spend our money and time. By understanding our values and the values of others you can make better decisions.
- Lena (Wheeling, IL) paid off $10,500 in credit card debt!
- The future of bacon.
- Rob is $200,000 in debt and desperate to get a budget going.
- Pawan (Kansas) asks if Trade King is a legitimate company to use to start an ESA.
- Brandon has a Roth IRA and is interested in making the most money with his investment choices.
- Cullen (East Windsor, NJ) wants to retire early at age 44 and is trying to figure out how much non-retirement money will be needed before age 59 1/2.
- Dave (Fairfax County, VA) is figuring out the best mix of taxable vs. tax-free investments.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Why active managers suck and will never outperform the market over time:
http://web.stanford.edu/~wfsharpe/art/active/active.htm
us.spindices.com/documents/spiva/spiva-us-year-end-2012.pdf
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=869748
The looming disaster of the bacon shortage
Topics: Scott discusses the relationship between money and happiness as you get out of debt or build wealth.
Tony (Parts Unknown) is trying to save money so that he can have some sort of financial balance.
- Kevin (YouTube) has advice on how to pay off a car quickly.
- Tiffany (Dallas, TX) is a teacher and took investment advice from her co-workers. Did they get it right?
- Gemma (Indianapolis, IN) has had a normal life, and now wants to become a rock star.
- 4 ways to save money on any purchase.
- Susan asks if REITs have a place in a retirement portfolio.
- Rafael (NYC, New York) wants to pay 100% cash for real estate and asks about the least expensive type of property to get.
- Happy episode 200.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Katie gets into an accident with the Honda Fit. Scott gives a financial and relationship lesson from a bad situation.
- Jean steps into a Rich Dad Education seminar and asks if the 3-day up-sell is worth the $495.
- SEC busts ‘Hamilton’ ticket resale ponzi scheme. What you should watch out for with exotic investment opportunities.
- Queen Latifah has a car loan of $24,000 on a vehicle worth $13,000 and wonders what to do about it.
- In defense of Mariah Carey.
- Deniese has had to file for bankruptcy and asks what to do about her student loans.
- George asks if he qualifies for an HSA, and if not would COBRA be better.
- Wayne (Kalispell, MT) has paid off all his consumer debt!
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
The Book on Rental Property Investing
Topics: The four stages of becoming wicked awesome at anything, including your finances, health, or a musical instrument.
- Adrienne (Telluride, CO) received an inheritance and wants to know where to put it.
- Samantha (Anaheim, CA) wants to help her parents with their money.
- Yep, I called Dow 20,000. I'm officially a genius.
- A book everyone starting a business should own to save money and grow a profitable business.
- Steve's car died and he's trying to figure out where to get a low-mileage, low-cost used vehicle.
- Shari (Kenosha, Wisconsin) asks about putting 10% down on a house.
- Time for the February challenge.
- What website can you use to rent anything you own to make money?
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Small Business Finance for the Busy Entrepreneur
Topics: Are 150 million Americans saving for retirement going to be hurt?
- La Forge (Parts Unknown) asks about the differences between ETFs and index funds if they hold the same stuff.
- Jason is shifting his investments from a traditional IRA to a Roth IRA and wonders if he should convert his existing traditional IRA to a Roth IRA.
- Where are they know? An update on Jordan and Martin.
- Making 6 small changes for better habits saved Tyler and Jaquiline $1,200 a month.
- James and his wife are deciding between putting 5% down on a house with a 30-year mortgage or saving 20% down and doing a 10-15 year mortgage.
- How is Katie coming along with our 1950's fixer upper?
- What are the best renovations for your money in 2017?
- Brian celebrates one year of creating more margin in his life.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
How changing small habits saved this couple $1,200 a month
The Renovations That Will Pay Off the Most for Your Home in 2017
Topics: What does it really take to be financially independent? How much money do you need to save? How much can you spend in retirement? How soon can you retire?
- Tyrone (San Francisco, CA) asks how much money to anticipate spending in retirement.
- Bill (Lincoln, NE) asks how can someone that starts saving earlier and with less money end up with more money than a person that starts later.
- Danielle wants my investing strategy for 2017.
- Gerardo is 21 years old and trying to figure out how to get started investing and saving up for a house purchase.
- Gabriella has a getting out of debt question.
- Why extended car warranties are a waste of your money.
- Retire to something.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
No, the stock market doesn't return 12%
Consumer Reports on extended car warranties
Topics: Scott reviews the book Zero Down Your Debt - Reclaim your income and build a life you'll love.
- Carlos (Ramona, CA) has started a new job and needs to pick from a 401(a), 457(b) or Roth 457(b) plan.
- Jacob is 36 years old with $134k of debt and an inherited IRA valued at $35k. He asks if he should cash out the IRA and apply it towards the debt.
- What can you find at the dollar store?
- Are target date funds better than DIY investing?
- Benjamin (Ivory Coast) got a big inheritance and wants to invest in a business.
- Renee (Monroe, OH) is getting started with investing and asks about which funds to invest in.
- Follow up for Rafael (NYC) on if Vanguard employees invest in Vanguard index funds.
- Tyrone (San Francisco, CA) and his wife are debt free!
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Scott reveals the not-so-secret tip all successful people do to become and stay successful. It's simple, but it ain't easy. But anyone can do it.
- Rafael (New York) believes that Vanguard employees are not putting their money where their mouth is. What does Vanguard have to say about this?
- Tyrone (San Francisco, CA) has a follow up to how he and his wife plan on saving up for their house.
- Michael is age 59 with $60,000 in debt and is considering canceling disability insurance to speed up the debt payoff.
- Carlos (Ramona, CA) has started a new job and needs to pick from a 401(a), 457(b) or Roth 457(b) plan.
- The #1 piece of advice for retirement investors.
- One phone call that saved me from a potential $5,000 mistake.
- Christopher needs help making a dent in student loans.
- Would you pass the marshmallow test?
- A quick and easy way to simplify your budget.
Links mentioned on the show:
Please share the show by texting http://GetFR.com to 3 people.
Topics: Can you become a millionaire if you earn $30,000 a year (Hint: Yes)
- Why having a proper perspective can eliminate your financial fears.
- Matthew (Chandler, AZ) asks if a house is an asset or a liability and how REITs can enhance a portfolio.
- Why managing your finances is fun (@20sMoney)
- Karl (Pikesville, MD) is trying to figure out if he should keep renting or buy a condo.
- If you can't get a job or can't find a job for your kids, do this.
- Debbie (Portland, OR) is snowballing her debt and asks if she should invest before paying off a HELOC.
- How a greedy contractor saved himself $250 and cost himself thousands at the same time.
Links mentioned on the show:
Please share the show by texting GetFR.com to 3 people.
Topics: Scott discusses financial freedom and why it shouldn't just be a dream, but part of your plan.
- How marketer's use made up values to convince you to buy stuff you don't need.
- How to retire penniless.
- DJ (Cali) has some discount employee stock options and wonders how long he should hold them to avoid paying long-term capital gains.
- Dolores is deciding between paying off debt or investing to get a bigger return over time.
- Justin is researching dividend growth investing to get some passive income.
- Kes (St. Louis) is in her late 30's making good money but isn’t in love with her job.
- Should millennials count on social insecurity (hint: NO).
Links mentioned on the show:
Please share the show by texting GetFR.com to 3 people.
Topics: Scott discusses getting a late start on your finances and what's more important than the age at which you start.
- Learn the master negotiating skills Katie uses when working with contractors.
- Dave (Bismark, ND) is deciding on what investments are best for retirement
to minimize taxes.
- Dave is finishing an MBA and wants the best options to pay for school.
- David and Monsta (YouTube) ask about robo advisors and how good they are.
- Roberto is $50,000 in credit card debt and asks about debt consolidation companies.
- Scam alert: Look-alike website are getting more and more sophisticated.
- Patra is looking for the best ways to attract clients to a company.
- Yes, it's another poem.
- How to set yourself up for success.
Links mentioned on the show:
Please subscribe to the show at http://GetFR.com
Topics: What type of choices would you have to make over a long period of time to see significant results?
- Which former CEO worth $181 million is buying his own raisin bran?
- Alec is 26 asks about Vanguard index funds vs. Betterment vs. Roth IRA
- One weird job that pays up to $80/hour.
- Carolyn is 51 with a special needs daughter and needs to do some retirement catch-up.
- Are you paying a monthly fee for your credit score? You're waisting your money.
- Carlos (Zambia) is 24 and trying to figure out how to pursue his childhood dream of being a pilot.
- Patra's savings have been depleted while trying to start a business. What are the best ways to find clients?
- How to really read more books in 2017.
- Scam alert - popular websites are being mirrored and look very convincing.
Links mentioned on the show:
Rent, food, utility assistance
Steps to become an airline pilot
http://www.cnbc.com/2017/01/03/us-fines-transunion-equifax-for-deceit-over-credit-scores.html
Topics: You can't miss the hype about Bitcoin in the news and all the money people are making. Scott separates fact from fiction in today's throw down on getting rich quick.
- David (Scottsdale, AZ) needs credit counseling and wants to know the name of a legit service.
- Chris (Dallas, TX) is 40 years old and asks about creating an income stream so he doesn't have to work and is deciding between several options.
- Melanie needs guidance on where to invest $50k.
- Trudy (Nevada) is at a full-service brokerage and wants to know if she should move her IRA to a discount broker. Plus her son wants to start an IRA too.
- Jared and his wife ask about the pros and cons of REITs and physical rental properties.
- Christian (Asheville, NC) got $450 for Christmas but doesn't need it for anything and wonders what to do with it.
- Today's show is brought to you by the letter Z (FINALLY!).
- Shauni saved $1,875 in the save money challenge.
Links mentioned on the show:
National Foundation for Credit Counseling
Topics: Scott uses his time-travel machine to bring back information from the future that will keep more money in your pocket.
- Dan asks if he can make money as a full time investor.
- Kami has two college age boys and car insurance is killing her.
- Kate and Derek (Portland, OR) are in their 30's and want to focus on their long-term finances.
- Someone is following terrible advice and decided that a 401(k) is neither a safe nor smart investment vehicle.
- Today's show is brought to you by the letter Y.
Links mentioned on the show:
Health insurance savings with HSAs
Topics: Why its perfectly o.k. to be an employee.
- It's a great time to switch budgeting software or to start budgeting for the first time.
- Keith is living with his sister, has no income, and asks how to get his life back.
- Kimberly is a teacher with $50,000 in debt is having trouble budgeting.
- Melvin (Singapore) is getting started investing and asks about ETFs.
- The InstaPot is the greatest kitchen appliance you need to own.
- Today's show is brought to you by the letter X.
- What are wealth managers?
Links mentioned on the show:
Topics: Financially independent, retire early.
- Time to buy Yankee Candles and get a deal.
- Danny (Arlington, VA) asks if he should refinance a car to pay for a wedding.
- Dan wants to turn investing into a full-time job.
- Ann is 68, recently divorced, and is trying to sort through her finances.
- Today's show is brought to you by the letter W for Wicked Awesome.
- Big Kahuna's debt-free story.
Links mentioned on the show:
None - enjoy the break!
Topics: Champions of life are people just like you. Find out what makes them different.
- Carla is 41 and has $150,000 to invest but doesn’t know where to start.
- RSM (YouTube) comments on leasing can be a good option because you get a tax deduction on your business expenses.
- Wendy has tried to stick with her plan to get out of debt but can't make it work.
- Delta and Starwood hotels are being sued over excessive 401(k) fees.
- A frugal living tip that won't cost you anything.
- January challenge.
- Today's show is brought to you by the letter S, T, U, and V for being strong willed.
- Denzel Washington on failure.
Links mentioned on the show:
Denzel Washington commencement speech - https://www.youtube.com/watch?v=OddlJJ_z0-c&app=desktop