Numbers don’t lie. People lie and manipulate numbers, but numbers don’t lie.
- Millionaire Story - Beth shares her path to financial independence at age 40
- Health alert - Kale rejoins the 'Dirty Dozen' list as one of the most contaminated with pesticides.
- Red Alert Warning - more phone scams to be aware of.
Listener questions:
- Explain the pro-rata rule when doing a backdoor Roth IRA (Marjorie)
- What do you think of the new Betterment Advice service (Gandolf)
- I keep getting in and out of debt (Marjorie)
- Where is a good place to put my tax money from my side hustle (Becca, Indianapolis)
- What can I do about my landlord harassing me (Patricia)
Resources/links:
Betterment Advice Packages - https://www.betterment.com/advice-packages/
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
There are lots of money myths we’ve all believed. But most people have fallen for some of these money saving myths too.
- Burger King launches $5 coffee service.
- A radio host busted for a $20M Ponzi scam
- Kaitlyn shares what her dad taught her about money
- Be wary of former washed-up celebrities pitching financial products
Listener questions:
- Is a second mortgage better than PMI (Dylan, Baton Rouge, LA)
- What is considered a 'low' expense ratio (Carter, Warner Robbins, Georgia)
- How can I get my 26-year-old on the envelope system (Daisy, Delaware)
- Help me understand my 403(b) plan (Mason, Las Vegas, Nevada)
- Should we borrow $20,000 to adopt a child (Liam, WA)
- Should I be pushing my kids to go to college (Bethany, Orlando, FL)
- Is it ok to get a company match on 401(k) when paying off debt (Pam, Atlantic City, New Jersey)
- I inherited some stock and can't decide if I should sell it (Phoebe, Topeka, Kansas)
Resources/links:
Collge Scorecard - https://collegescorecard.ed.gov/
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
What are three reasons people choose the career they do, and what questions should they be asking instead.
- My friends got to stay in a $1M house on the lake. For free. Find out how.
- Kayla shares the lessons she's learned about money.
Listener questions:
- I missed a couple credit card payments, how will it affect my credit score (Lucas, Ann Arbor, MI)
- What's wrong with YNAB (Ava, Maine)
- Can I get out of a car loan I co-signed for my brother (Jack, Columbia, South Carolina)
- Is the debt avalanche or debt snowball better to pay off $22,000 of debt (Gavin, Nebraska)
- What debts should I pay off with my tax refund (Lisa, Anchorage, Alaska)
- Car buying tips before I go car shopping (Owen, Cheyenne, WY)
- The contractor for my back deck isn't doing the work (Hannah, Ft. Worth, TX)
- Are separate accounts for married couples normal (Reece)
- Can I start an HSA if I'm self- employed (Yoda)
Resources/links:
House of Falling Embers, by Krystal Jane Ruin - https://www.amazon.com/House-Falling-Embers-Krystal-Jane-ebook/dp/B07GKMQQXJ
Trusted housesitters - https://www.trustedhousesitters.com
http://www.espn.com/blog/tennessee-titans/post/_/id/25994/how-two-nfl-players-sweet-tooths-made-them-hands-on-business-owners
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
Studies show not pretending to be rich raises your status in life. Who knew?
- Kara saved $33K for retirement in 4 years (without making more than $50K)
- What new cars can you get a deal on right now
- Why so many NFL players go broke
- Are you investing with a firm that got fined by the SEC?
Listener questions:
- My bank accounts were cleaned out by a scammer and now I have to start over (Nancy)
- My bank wants to move me to a managed investment account (Han Solo)
- Are there short term fixes for a credit score if I'm buying a house soon (Brandi, MA)
- How can I lower my insurance premiums. My 16-year-old is getting his license. (Chenell, Jacksonville, FL)
- When do you decide to keep stock options (Doug)
- Are there credit card hacks that are easy (Nathan, San Antonio, TX)
Resources/links:
- https://www.amazon.com/Rebel-Talent-Pays-Break-Rules/dp/0062694634
- https://www.sec.gov/news/press-release/2019-28?mod=article_inline
- https://247wallst.com/special-report/2019/03/11/cars-americans-dont-want-to-buy-4/
https://www.thinkadvisor.com/2019/03/07/why-so-many-nfl-and-nba-players-go-broke
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
Too many people have fallen for the myth that interest and dividend income is the best way to fund early or normal retirement.
- How to avoid overdraft fees
- Dog food marketing tricks
Listener questions:
- Are dividends a good strategy for income (Brady)
- Should we take a 401(k) loan to pay off debt (Sofia, Sioux City, IA)
- Can I get out of my car lease (Haley, Yonkers, NY)
- My kids won't spend money (Ian)
- What type of home insurance is best (Luis, Bridgeport, CT)
- I have 20% down for a house, should I get a 15 or 30 year loan (Owen)
- Are ETFs or index funds better (Taylor, Seattle, WA)
- I've got an $8,000 medical debt that is in collections (Destiny, Fresno, CA)
- Are CDs good for short term savings (Elia)
Resources/links:
- https://www.forbes.com/sites/wadepfau/2017/04/18/should-retirees-use-a-total-return-or-income-portfolio/#5f4bf80c5e96
https://www.schwab.com/resource-center/insights/content/retirement-income-strategies-total-return-approach
http://www.fsegn.rnu.tn/documents/Dividend%20policy.pdf
https://www.investopedia.com/terms/m/modigliani-millertheorem.asp
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
Parents who give everything to kids are taking away from them some of the most important things in life.
- Your friends’ social media posts are making you spend more money, researchers say
- Travel hack - TripIt app
Listener questions:
- Should I buy an extended warranty for a dish washer (Loren, Grey Eagle, MN)
- Can anyone join a credit union (Don, Reading, PA)
- How can I find a job if I have a felony record (Trav)
- What's a reasonable amount to borrow for a car (Isabelle, Savannah, GA)
- What amount of money is good for opening a savings account (Elijah, Mobile, AL)
- Should I borrow to grow my business (Keira)
Resources/links:
- https://www.washingtonpost.com/us-policy/2019/02/19/your-friends-social-media-posts-are-making-you-spend-more-money-researchers-say/?utm_term=.4daf976f9f19
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
How much money can people save on their insurance with a better credit score?
- Do you have enough insurance to protect your valuables?
Listener questions:
- I really don't understand money (Eva, Arizona)
- Should I stick with my advisor or DIY (Brett)
- Are HVAC contracts worth the cost (Taylor, Macon, Georgia)
- Is it ever good to lease, like for equipment (Kylie, Maui)
- What should I be aware of when hiring a moving company (Lily, Virginia)
- Which used car should I buy (Steph, Australia)
Resources/links:
Free Credit Score from Discover - https://www.discover.com/free-credit-score/
https://www.insurancequotes.com/home/home-insurance-and-credit
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
One financial leader was yelling at the TV about another financial leader giving bad advice. Who is right when experts disagree?
- Update on our real estate empire (ha!)
- Is there a retirement crisis or not?
- Success Story - Clay is no longer living paycheck to paycheck.
Listener questions:
- What is the process for getting a CFP (Melissa)
- What is your opinion on mortgage payoff schemes using lines of credit (Michael, Winnipeg Canada)
- My investments aren't growing like I would like (Wayne)
- Can you get 12% in the market (Pete, Alberta, Canada)
- Is the Amazon store card worth it (Kara)
- I have $4,000 due on a delayed payment credit card (Heath, Washington, DC)
- Can I file an extension to pay the taxes I owe (Makenzie, San Francisco, CA)
Resources/links:
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
What is financial infidelity? Discover what it is, how to prevent it, and the importance of overcoming it.
- Car loan defaults are at an all time high and it's a bad situation
- Why do some people get so much more done than others?
- Well Where Did My Money Go is paying out fines. Again.
- Millionaire Success Story - Guy, UK shares how he did it in 15 years.
Listener questions:
- Advice on the plan to pay off my debts (Jessica, Alabama)
- What if I can't get into a specific investment because of the minimums (Anthony)
- I've paid off $19,000 of student loan debt (Rory)
- I'm a single mom with student loans and limited time (Lynn)
- Whose advice should I listen to for guidance (Shaun)
Resources/links:
https://nypost.com/2018/01/22/millions-of-americans-keep-this-secret-from-their-partner/
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM
Did you know having tough conversations about money can lead to having more money?
- Comparing gold to the stock market and which you should invest in.
- Warning about Social Insecurity for all young people.
Listener questions:
- What budgeting software can reconcile accounts (JoAnne, Texas)
- How do you pick from an employer's retirement options (Lilly, Arizona)
- What are the reasons for not paying off a mortgage early (Vanessa, San Antonio)
- What things I should consider between a condo and townhouse (Dawn)
- Is enrolling in PSLF a good idea (Holly, Destin, FL)
- What one thing would you say led to your success the most (Brent, Vancouver, Canada)
Resources/links:
https://nypost.com/2018/01/22/millions-of-americans-keep-this-secret-from-their-partner/
FREE How to Save $1,000 This Week: https://goo.gl/AUdUCu
FREE Audio Book of 99 Minute Millionaire - https://goo.gl/tu8bZM