The Good Financial Cents Show w/ Jeff Rose, CFP®

Nobody saw that coming!

 

Inflation numbers just came out……what in the world happened?

 

Many of us thought we would see this number go down!

 

Gas prices have been declining, so why didn’t inflation go down?

 

9.1% - That is what the Consumer Price Index (CPI) is right now.

 

This is a 9.1% increase from June of last year.

 

Hourly wages for workers have fallen 1% during the month and are down 3.6% from a year ago.

 

If feels like we are losing money everywhere!

 

Resources:

5 Best Hedges in the Face of Inflation

https://www.goodfinancialcents.com/best-hedges-against-inflation/

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Ep-186.mp3
Category:general -- posted at: 11:14am CST

If you want to watch a movie, you can login to Amazon Prime and click ‘Buy Now’.  If you want to read a book, you can download one immediately on Audible.

 

Technology has allowed conveniences at record speeds.

 

Why wouldn’t we expect to build our credit score overnight?

 

Is it really possible? Can we raise our score by 100 points overnight?

 

This is a question that was posed by a reader, Robert.

 

Robert says he has made some bad choices in the past which has affected his credit. He is working towards paying off credit cards and other debt to improve his bad credit score but wants to know if there is anything else he can do to raise his score quickly.

 

04:29 Check your credit score regularly

05:53 Can this happen overnight

07:45 What affects your credit score

11:22 A great example of credit repair

 

Resources:

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Ep-185.mp3
Category:general -- posted at: 12:28pm CST

When most people think about the wealthiest people in the world and the investments they own - real estate is usually on that list.

 

Real estate investing doesn’t always have to be with physical properties.  There are different ways and different types of digital real estate investments.

 

I want to dive in and share the details of some of these ways for you.

 

01:48 Digital Real Estate

07:40 Niche Sites v Authority Sites

10:02 Buying and Selling Websites

14:43 Building an eCommerce Store

16:30 Digital Products

 

 

Resources:

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode-184.mp3
Category:general -- posted at: 10:45am CST

Inflation…Inflation…Inflation

 

It is still all over the news!

 

With good reason, in May we saw the consumer price index increase by 8.6% over the last year.

 

This is the highest increase since 1981.

 

How do you protect yourself from inflation?

 

I am going to share 4 expert strategies to help you protect yourself from inflation.

 

02:50 Stocks in companies providing basic supplies

04:15 Dividend stocks

08:13 Commodity Stocks

10:21 Government Bonds

 

Resources:

4 Expert Inflation Protection Strategies To Implement Now

https://www.forbes.com/sites/jrose/2022/05/26/4-expert-inflation-protection-strategies-to-implement-now/?sh=1ce33c26639d

 

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode-183.mp3
Category:general -- posted at: 11:51am CST

Choices….choices…choices.

 

I like variety and the option to choose.

 

Sometimes we can have too many choices and end up with analysis paralysis.

 

There are many types of investments strategies you could choose.  Today I am going to narrow that down to 4 - to help you avoid analysis paralysis.

 

So what are the basic investment strategies for beginners, that you can implement on your own, that we are talking about?

 

02:54 Value investing

05:07 Growth investing

09:11 Momentum investing

11:47 Dollar cost averaging

 

Resources:

 

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode182.mp3
Category:general -- posted at: 10:28am CST

Happy 4th of July!

 

Freedom we have as a Country!

Freedom we have as individuals!

Freedom of Choice!

Freedom of Expression!

Freedom to listen to this Podcast :)

 

Thank you for being a part of the Good Financial Cents community.

 

What else can I do to help?  What types of content would you like to see?

 

Is there anything I can share that will help you reach your financial goals?

 

 

References:

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode181.mp3
Category:general -- posted at: 9:20am CST

If one is good - three has to be better!


We are talking about the Roth IRA, specifically: 

 

Can you have more than one Roth IRA account?’

 

This is not a question from a reader but rather a question that I get A LOT.

 

The short answer is YES.

 

I want to give you a bit more information on why you would want multiple accounts, how to set them up, how you could manage them, and much more.

 

02:17 Can you have multiple Roth IRAs?

03:20 Rules and Contribution Limits

06:34 How do you set up multiples accounts

09:25 Why use multiple brokerage companies

 

References

Roth IRA Rules and Contribution Limits for 2023

https://www.goodfinancialcents.com/roth-ira-rules-contribution-limits/

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode180.mp3
Category:general -- posted at: 11:18am CST

1