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