No matter where you came from or where you are, realize the turbulent times are what build your character for the future. And when you hear about the bad attitudes of some people, you'll be glad about your financial mistakes.
LISTENER QUESTIONS:
Should I refinance my house to save for a new house (Kacie)
Reasons I'd like to get a new car (Catwoman)
At what point should I get a certified pre-owned car (Doug)
TOPICS:
Sacrificing Retirement Savings to Help Family Members Can Be a Mistake
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Thanksgiving is coming up and it's one of the rare opportunities most people have to get together with family and discuss the future. Scott gives you the 'in' and getting those challenging conversations going so you'll have less worry and stress later on.
LISTENER QUESTIONS:
Where should I invest my extra savings (Maddie)
The CARES Act allows $300 in charitable giving (crazy da real biz, Twitter)
Will bank surfing impact my credit score (Lara)
TOPICS:
Another Ponzi scheme consumes investors
Vegan Thanksgiving ideas.
Scott shares the TV shows they are using to teach his kids valuable life lessons.
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
It's perfectly legal for companies to charge more for products and sell high priced commissioned products when there are lower cost alternatives. All they have to do is tell you with a smile they are doing it. It's costing people BIG money in college savings, retirement, and financial freedom sooner!
LISTENER QUESTIONS:
Any good year end tax moves now that the election is over (Troy, Boston, Mass)
Is $6,000 a good amount to donate to charity to avoid taxes (Jess, California)
What do you think of Sesame Cash for a college student to build credit (Brenda, New Hampshire)
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Fidelity Charitable Tax Tips:
https://www.fidelitycharitable.org/guidance/charitable-tax-strategies/reduce-taxable-income.html
Coffee Cheese:
https://www.veldhuizencheese.com/shop/texas-cheese-basket/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
FI/RE - Financial Independence / Retire Early has grown more mainstream and now comes with many variations of how to achieve it and your big dreams. Listen to which path may be best for you to leave the rat race.
Plus, Scott introduces several other FI/RE flavors nobody has ever heard of until today.
LISTENER QUESTIONS:
My son needs to shop around for some car insurance (Billy, The Hills)
Is it OK to upgrade my 10-year-old car if I finance half of it (Catwoman)
What do you think of CoastFIRE (Alex)
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Boba Fett from Kentucky has a multi-part question on long term financial planning.
Scott breaks it down into the thought process and strategies every Financial Rock Star must consider to earn/make/grow/keep more of your hard-earned money.
- Planning for the future
- Tax considerations
- What should an 80-year-old be invested in
- Health care considerations
- High school band uniforms
TOPICS:
When are you moving to Texas?
What does the future hold when the tax code changes?
Scott explains tax brackets in a way a 1st grader can understand. Finally! This will put you in the top 1% of smart people.
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
What does Election 2020 mean to your money next year? It turns out Scott was in for a rude awakening this morning.
LISTENER QUESTIONS:
What is a good investment option inside my HSA (General Kenobi)
IN THE BAND: Thanks for your help. Our home has gone up in value by $100,000 and we got rid of PMI (Kristin)
TOPICS:
Which generation has the most student loan debt and how did it happen?
Realtors share disasters at the closing table for home purchases. Scott explains how to avoid these situations.
Travel Tip: The deals for Christmas vacation are amazing this year.
Stores in California are giving away free stuff and it's yours just for the taking!
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ