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The Scott Alan Turner Show | FINANCIAL ROCK STAR

Scott Alan Turner is a former money moron, living the paycheck-to-paycheck lifestyle, losing $40k in the stock market, and racking up a load of credit card debt. But by age 35, he turned it all around and became a self-made millionaire. In a world of get-rich-quick schemes, biased advice, and financial Pied Pipers, Scott’s authentic, no-holds-barred approach makes it possible for anyone to absolutely rock their personal finances. Scott is on a mad mission to help you get financial independence, ultimate happiness and a life full of awesome experiences. With his rebel style, off-beat humor, and signature life-on-your-own-terms approach, Scott’s inspiring a movement of Financial Rock Stars across the globe. Money. Investing. Personal Finance. Financial Independence.
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The Scott Alan Turner Show | FINANCIAL ROCK STAR
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All Episodes
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Now displaying: February, 2017
Feb 27, 2017

Topics: Matthew is married, age 36, wants to retire early, and asks how to fund early retirement before age 59 1/2. Scott explains how to pay the bills while waiting to withdraw from a 401(k), including how to take money out of tax-deferred retirement accounts before age 59 1/2 penalty free.

- Can buying a boat give your family financial protection if you get hit by an asteroid?

- Steve asks about budgeting and the leading tools.

- Confirmation that you can withdraw contributions (your basis) from a Roth IRA at any age tax and penalty free.

- Lore (Columbus, OH) needs help with asset allocation and picking the right stuff in their available investments.

- Rita (Portugal) has a mortgage with 9% interest and is deciding if she should invest or not.

- Elaine says she can’t afford to invest because she doesn’t want to lose money. She can't afford not to.

- Walter is age 43, wants to retire at age 55 and asks which index funds I recommend.

- What do you do with your raises and bonuses?

- Quote of the day from Jimi Hendrix.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

IRS Form 8606, Distributions from IRAs

Retire early and avoid 401(k) penalties

De Giro Portugese Brokerage

 

Feb 24, 2017

Topics: Five 401(k) millionaires share their not-so-secret strategies to reaching the $1 million milestone. They range in age from 49-64.

- Jason asks if he has a credit freeze will Credit Karma still be able to monitor my credit?

- Tracie is looking for healthcare options if you can't get medicare.

- One tip to help raise your savings.

- Dave asks if ETFs or mutual funds are better for a three fund portfolio.

- Michael says you cannot take a principal only withdrawal from a Roth IRA and not get hit with a penalty. Is he correct?

- Ann asks how to get her husband on board with the plan.

- Twitter - What are my thoughts on the six month emergency fund?

- Tasha (Columbus, OH) and her husband paid off $19,000 in four months to become debt free!

- Quote of the day from Jean Luc Picard.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Money Magazine How I Saved $1 Million

Healthshare services

https://www.libertyhealthshare.org/Christian

IRS Ordering rules for Roth IRA distributions

How to get your partner on board with a budget

 

Feb 22, 2017

Topics: Scott lays out the things people of all ages should do to build and protect their retirement savings.

- Lori disagrees with me on getting term insurance for a stay-at-home parent.

- Alex is 16 years old and wants some saving tips.

- Erica asks if foreclosures and short sells are the most affordable way to accomplish purchasing rental properties.

- Neal has a bunch of student loan debt and asks if he should pay it off before investing.

- Viko is checking into trading FOREX.

- Lucas (SoCal) has a debt payoff plan but is concerned about not having an emergency fund during the 3-year payoff.

- Elon Musk isn't as smart as people make him out to be.

- Zach (Silicone Valley) is 30 and paid off $50,000 in debt!

- How much is enough?

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

 

Feb 20, 2017

Topics: There is one word that will do more to build wealth in your life than any other. Do you know what it is?

- Nicholas has a simple tax situation and asks if the free Credit Karma tax service would be better than a $250 CPA.

- Don has $220k cash value in a whole life policy and is considering if he should switch to a term policy.

- Phil has $35,000 in investments, will be looking to buy a house soon and asks where the money should be put.

- Deanna the dog walker is opening a taxable investment account and wants to know the yearly tax implications.

- You're killing it with your 401(k), right?

- The YOLO lifestyle

- Quote of the day brought to you by Charlie Brown.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Personal Finance Scholarship

Credit Karma Free Tax Service

Bloomberg report on 401(k)s

S&P 500 Historical calculator

Witt Actuarial Services
Glenn Daily
James Hunt

Feb 17, 2017

Topics: Scott discusses why frugality is not always the best option for your finances.

- Jen (New Jersey) has a 401(k) with high fees and asks if it's better to invest in a taxable account instead.

- Brandon just graduated from college, is unemployed, and asks if it is wise to start investing.

- Alexis was recently laid off, has no savings, and wonders if she should consolidate her credit card bills into a single monthly payment.

- Shajee is 17 years old and wants to start investing and asks how he can get started if he is underage.

- Chris has a pension from an old employer and is deciding on an early distribution or rolling it over to an IRA.

- Update on what's going on with Scott's car after it got rear ended.

- Gillette welcome back program gives out free razors.

- Susan (Denton, TX) and her husband paid off 5 credit cards.

- Quote of the day brought to you by Bob Ross.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Brokerage accounts for minors

http://www.schwab.com/public/schwab/investing/accounts_products/accounts/college_savings/custodial_account

Feb 15, 2017

Topics: Scott discusses the power of being nice and how it can lead to bigger and better opportunities, both in business and in life.

- What are the tax implications of day trading?

- Increase productivity in 5 seconds with this simple trick.

- Javier has $250k in a TSP and is looking to expand into other investments.

- Maggie's husband wants to get involved in a business venture and she wonders if it's a scam.

- How to invest in gold.

- Frankie is 28, married, debt-free and has a $46k inheritance he would like advice on what to do with.

- Brady wants to setup an online savings account for a new car fund and wonders where to do it.

- Terry's husband re-allocated his 401(k) funds to a money market account and want help knowing what funds to invest in.

- Wife of a listener wants her husband to be polite but firm when asking for discounts.

- Quote of the day brought to you by Thor.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Start Engine

Blooom 401(k) analyzer

Feb 13, 2017

Topics: Scott shows the simple math behind how the rich continue to get richer at a much faster rate than the middle class.

- A study shows the more expensive your wedding the more likely you are to get divorced.

- Kristin (Massachusetts) has found a fiduciary to help her parents get through retirement.

- Brandon is a college graduate with $200 to his name and asks if he should start investing.

- Elon Musk isn't as smart as people make him out to be.

- Eddie (Houston, TX) asks about a specific insurance company compared to other insurance providers.

- Roberto has $50,000 in credit card debt and his options are limited on how to pay it off.

- Clink investing app for getting started investing.

- The South Americans (San Francisco, CA) are living the American dream.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Wedding costs and debt

Have a dream wedding for less

Feb 10, 2017

Topics:

- Lena (Wheeling, IL) is trying to figure out her investment options in her HSA.

- How to get ahead by netweaving instead of networking.

- Henry (CT) has a 30 year fixed loan with a $225k balance and asks about refinancing with a VA Hybrid ARM.

- This company is raising prices to get rid of it's customers.

- Daniel (Buffalo, NY) has a son graduating from college and wants to know if he should keep a life insurance policy for him.

- Karah (Cincinati, OH) is 33 and deciding how to invest between her 401(k) and HSA.

- John (Cleveland, OH) asks if he should suspend his 401k contributions to pay off debt.

- Bobby (age 32) completes a bachelor's degree while working full time and raising 3 kids.

Links mentioned on the show:

Please share the show by texting http://GetFR.com to 3 people.

Trumps executive order on the DOL rule

 

Feb 8, 2017

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

 

 

Feb 6, 2017

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.

Debt Reduction Calculator

 

Feb 3, 2017

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.

Hamilton Ponzi scheme

The Book on Rental Property Investing

 

 

Feb 1, 2017

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

 

 

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