- If you're waiting for your perfect life are you missing out on all the good things going on right now?
- A warning about the public student loan forgiveness (PSLF) program
- Is a market crash coming?
- Check out the documentary on Richard Turner, who is renowned as one of the world's greatest card magicians, yet he is completely blind.
Listener questions:
- Is Swap-a-Lease a good idea for getting a car temporarily (Tim)
- Can you claim a tax deduction for mileage for education (Kirk)
- What happens to Health Savings Accounts (HSAs) when a person dies (Wil, Sarasota, FL)
- Where should money be invested after a 401(k) and Roth IRA (Matt)
- Starting a taxi business (Victor)
Resources/links:
http://www.dealtmovie.com/
https://www.irs.gov/pub/irs-pdf/p970.pdf
- How to find more willpower to control your money.
- How to instantly increase your business revenue
- Where the part-time jobs are this season.
Listener questions:
- How much money should you spend on your business (Justin)
- What is the difference between an emergency fund and a float fund (Captain Kirk)
- Where do I get educated on investing (Zach)
- How can I supplement my income to pay off debts faster (John)
- We're about to lose our home to foreclosure and don't know where to go for help (Carrie)
- What is the difference between a security freeze and a credit freeze (Kristin)
Resources/links:
- Financial independence can come at any age, and at any income level.
- The story of a generous customer who leaves a $10,000 tip.
- Mo shares advice on how to reward good customer service.
Listener questions:
- How do I save money each month for an emergency fund (Vonda)
- Can money from a 403(b) be withdrawn to pay for a house downpayment without tax and penalty (Emerson, Monterey, CA)
- How can I live more efficiently and not have a bank account in the red all the time (Whitney)
- How do I save money while earning minimum wage (Jordan)
- Our financial plan is very week and we can barely eat (Alison)
- How much can you withdraw from your retirement funds and have it last (Kevin, Atlanta, GA)
Resources/links:
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions
- The new UltraFICO score may be the answer to over 15 million people who don't have credit scores.
- From barefoot to Bentley's. The story of building a restaurant empire from scratch.
- Red Alert Warning - Avoid this kickstarter scam from Aurora Coffee.
- Should you follow Charlie's advice to build wealth (not no, but heck no).
Listener questions:
- Just moved to another state and can't pay the bills (Shay, FL)
- Where to get started investing (Pablo, SoCal)
- Is dividend investing a good way to earn passive income (Christian)
- Use a HELOC to pay off your mortgage faster (Michael, Richmond, CA)
Resources/links:
https://www.fico.com/ultrafico/
https://www.wikihow.com/Follow-the-Mortgage-Accelerator-Plus-Program
- Trey is having a problem with AT&T after spending hours with them on the phone. He asks for Scott's tips on getting the problem fixed.
- Michael went from living paycheck-to-paycheck to a net worth of $375k!
- Is audit protection worth the cost?
- How to use credit card points for FREE travel.
- More on HSAs and how to use them to save you money.
Listener questions:
- Paul is using his credit cards too often and is reluctant to cut them up.
- JT's wife is a 1099 contractor and he asks if a SEP IRA is good for her to invest in.
- Omid (California) has some tips for other listeners on switching banks.
- Ron (Facebook) is deciding how much to save for retirement vs. sinking funds and opportunity funds.
- Stan is overwhelmed with credit card debt.
- Chris has an investment property that is losing money and is considering a 1031 exchange.
Resources/links:
https://www.rockrollnsoul.com/
- How an emergency fund can save you money over the long run.
- Moving abroad to get out of debt and get ahead
- Is a 401(k) the best place to put my money (No)
Listener questions:
- How to market a food product (Rachel Ray)
- Using Acorns as opportunity fund (Walter)
- Roboadvisors vs. three-fund portfolios (KC)
- Worried about paying back a bank loan because things keep going wrong (Betta)
- I'm tired of being a poor graduate student (Alexis)
- Buying a townhouse while using credit cards to survive (Sean)
Resources/link:
Consumer Reports Extended Warranty Guide: https://www.consumerreports.org/cro/extended-warranties/buying-guide/index.htm
- What are some tips you can use to save $1,000 on Christmas this year?
- Can you make $3,000 before 9 AM? The perils of day trading.
- What types of scams could you fall for?
- The most valuable lesson learned at an early age (Matt)
Listener questions:
- Is an IRA Rollover or Fidelity Go a better choice (Nala, Maryland)
- Should I rent out my house or sell it (Heather)
- I can't save for retirement right now (Jamie)
- What are the keys to success (Peter)
- How much life insurance should I buy (Roberto)
- Should I switch to another state's 529 plan (John)
- It's tough to see your hard earned money go towards taxes, but with some planning you can pay less - A LOT LESS.
- Why did the stock market drop?
- Going through a divorce with kids and stressed out about money? A listener has some very valuable advice for you.
- Petra is debt free! Hear her inspiring story.
- What is the point of having money? From Jay Leno.
Listener questions:
- How to budget and make sure the kids have everything they need (Nicollete)
- Should you rent out a house or sell it and downsize (Heather)
- Should you sell a car to pay off debt and start a house down payment fund (Alexandra, Texas)
- Should I consider a reverse mortgage (Phil)
Resources/Links:
Reverse mortgages, Wade Pfau - https://www.amazon.com/Reverse-Mortgages-Secure-Retirement-Researchers/dp/1945640006
- Why do many people end up broke? Often it's because they never see the warning signs coming. Breaking the paycheck-to-paycheck cycle and moving along the path to building wealth involves knowing when you're facing a financial cliff and getting help to keep from falling off.
- Where are the jobs in this economy if you aren't earning enough? Katie reports from an economic forecasting seminar she attended recently.
- Does your choice of college for an MBA matter?
- An inspirational story about how adversity has led to resilience. (Daniella, OR)
Listener questions:
- How do you decide between long term and short term investing goals (Rodney)
- I have medical and credit card dent and am not budgeting properly (Kelsey)
- Need an extra $2,000 a month until I start collecting social security (Jan)
- Which books show you how to not gamble with your fun money for investing (Ally)
- How get enough money to travel abroad with a family every year (Diane)
Also mentioned:
- Lessons learned from Mattress Firm closing stores and Sears filing for bankruptcy.
- How having too much money can be hazardous to your health.
- This popular investment with 20 somethings has cratered and Scott says its a good thing.
- As you soon realize everyone improvises with the plans they follow, guilt, disappointment, and feeling bad about yourself goes away.
- Drew Brees was written off as too short to play in the NFL but just became the player who throw the most yards in NFL history.
- Jobs on Craigslist that pay $75k/year with benefits!
Listener questions:
- Are Roth 401(k)s taxed by an employer? (Manuel, Florida)
- Funding college and retirement while going through a divorce and making $11/hour (Julie)
- How to start a small business (Irene)
- Saving a lot but is it enough (Patricia)
- The price of living in San Francisco is very high (Heidi)
- How to start investing in a taxable account (Anon)
Also mentioned:
- When you learn better you do better (Brittney, LA)
- Three things you must do to build wealth at any stage and any age.
- Be aware of what others say you can afford and you'll be much better off.
- Scott rants on people that can't find time for priceless information.
- Holly is now debt free!
Listener questions:
- Valene and her husband are in their 50's, make $65,000 a year and want advice on the priorities of paying down a mortgage vs. saving for retirement.
- Anthony switches to a discount broker.
- Rebecca is upside down on a loan for a truck that doesn't run.
- Walter is in college and needs an alternative to the high minimums some index funds cost for investing.
- Valarie has 50-cents to her name and needs money today.
Also mentioned:
- John (San Antonio, TX) is a college student and shares his wisdom on how to live your desired lifestyle.
Resources mentioned on the show:
https://scottalanturner.com/14-ways-make-money-for-rent/
FeedingAmerica.org
211.org
- The reason why spenders spend and savers save, and how you can go from being a spender to a saver.
- The amazing story of A. and how she paid off her student loans.
- Now is the time to get a deal on a used motorcycle.
- Are you keeping up with the Jones' lunch box? Watch out!
Listener questions:
- Jesse is 30-years-old and in great financial shape, but doesn't know where to put his extra money since he doesn't want a house.
- Janet got scammed out of $76,000 and needs to make the money back for retirement.
- Z asks if millionaires all show off.
- Maxi's car insurance has gone up from a couple wrecks and now she needs help because the payments are too much.
Also mentioned:
- Money saving tips for brides.
- Simple way to protect your medical identity.
Resources mentioned on the show:
211.org
- One listener increased his income by $55,000 over the past year. Scott shares how people can make a lot more money over their careers by negotiating for a raise.
- Dolores (FL) has some inspiring words for those people making excuses about their situation.
Listener questions:
- Matt (Missouri) wants to save interest by paying off student loans earlier in the month.
- Elvis is looking for guidance on breaking the paycheck-to-paycheck cycle.
- Felix is 35-years-old and taking out 401(k) loans to pay for everyday expenses.
- Dony was denied a home loan and asks for advice.
- Sultan has a lot of student loan debt and wonders if it will ever end.
- Sierra's car was hit by a deer and she lost her only source of income.
Also mentioned:
- A website where you can see what amazing things people have done at every age of life.
- Lora shares her favorite InstaPot recipe.
Resources mentioned on the show:
https://www.museumofconceptualart.com/accomplished/index.html
InstaPot ribs - https://tastesbetterfromscratch.com/instant-pot-ribs/