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

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.

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

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 raise 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 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 CDT

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 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 CDT

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.

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

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, 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:

4 Best Investment Strategies to Know in 2022

https://www.goodfinancialcents.com/best-investment-strategies/

 

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

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

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 CDT

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 2022

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

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

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

It is not too often that you associate a 401k with a really sad story.

 

This wasn’t one of my clients but I remember reading about it.

 

The story is about a young man that was working at a grain mill or maybe on a farm.  He was in his early 20’s and recently married.

 

He had a 401k plan and at his young age had already saved a large chunk of money.

 

Shortly after getting married he was involved in a freak accident at work and died.

 

He had named his parents as his beneficiary for his 401k and didn’t get around to changing this to his wife before he died.

 

You would assume the parents would give that money to the surviving daughter-in-law, they did not give her a penny of the money.

 

This could have been avoided if the beneficiary form had been updated.

 

So, what happens to your 401k when you die?

 

Do you need to change your beneficiary? Reevaluate your investments? Update any other information?

 

It only takes a few minutes to make these updates.

 

Check out my YouTube channel here.

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Direct download: Episode179.mp3
Category:general -- posted at: 10:23am CDT

Do you remember the first time you tried something that was scary?

 

How did that work out?

 

I’m sure there were lots of emotions around that experience.

 

If you are a ‘beginner’ at anything it can be a scary thing.

 

Today I want to share some of the basics of investing. This may help to ease the fears or anxiety around investing for beginners.

 

The 6 most important reasons for investing:

 

1. Building long-term wealth

2. Preparing for retirement

3. Meeting shorter-term goals

4. Minimizing the need for credit

5. Having money to pass on to your kids

6. Strategy for dealing with inflation

 

Resources:

Investing for Beginners: Learn the Basics of Investing in 2022: https://www.goodfinancialcents.com/investing-for-beginners/

How to Invest: https://www.goodfinancialcents.com/how-to-invest/

How to Invest in Index Funds: https://www.goodfinancialcents.com/how-to-invest-index-funds/

How to Invest in Stocks:  https://www.goodfinancialcents.com/how-to-begin-investing-in-stocks/

Investing for Dummies:  https://www.goodfinancialcents.com/guide-to-basic-investing/

 

Check out my YouTube channel here.

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Direct download: Episode178.mp3
Category:general -- posted at: 8:57am CDT

We all love the idea of making money while we sleep.

 

Regardless of how or when you make money - the IRS is going to want their cut.

 

I am answering a reader question today.

 

The question is ‘How is passive income taxed.’

 

Let’s dive in and talk about passive income.

 

02:01 What is passive income

04:59 True passive income sources

05:53 Semi-passive income sources

06:33 Material participation and/or activity

 

Resources

28 Passive Income Ideas To Build Real Wealth

https://www.goodfinancialcents.com/passive-income-ideas/

 

Check out my YouTube channel here.

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Direct download: Episode177.mp3
Category:general -- posted at: 12:34pm CDT

What’s going on with Crypto?

 

Wanted to hop in today and give you a bit of an update on Celsius Network and talk a little about BlockFi.

 

For a little context, at the time of this recording 6/20/22 Bitcoin is trading at $20,341.  It did drop over the weekend down in the $17k range.

 

It is nice to see it moving back up.

 

Now let’s get into what is happening with Celsius and with BlockFi

 

 

02:43 Update on Celsius Network

07:08 Update on BlockFi

09:15 What I am doing with my Cryptocurrency

10:40 What happens when you set up your own ledger

 

 

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Direct download: Episode176.mp3
Category:general -- posted at: 2:10pm CDT

What is the easiest, greatest way to set your kids up to be a millionaire

 

Today I am answering a question that I have received many times, in many different ways.

 

This discussion is specifically for parents who want to set up a Roth IRA for their children.

 

02:20 Why is this such a great gift?

04:25 Roth IRA Rules (for kids)

06:35 How do you set up a Roth IRA for kids?

09:06 Who owns the custodial account?

11:48 How does the IRA affect college funding?

12:32 Can multiple children share one Roth IRA account?

13:20 Not every brokerage offers custodial Roth IRAs

 

Resources:

https://www.nytimes.com/2022/06/10/business/kids-roth-ira-retirement.html

Roth IRA Success Story – How to Get $50,000 Tax-Free Money For Your Kids

Roth IRA Rules For Minors. Your Kids Guide to Tax Free Money

5 Best Investments for Roth IRA in 2022

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode175.mp3
Category:general -- posted at: 10:08am CDT

Have you ever seen one of those life hack videos where you discover something you didn’t know existed and it blew you away?

 

That is exactly how I felt when I discovered some basic money hacks that allowed me to become a millionaire.

 

I had to learn these money hacks the hard way.

 

Fortunately, you don’t have to because I am going to share them with you.

 

These money hacks will help you save money and build wealth in your financial future.

 

Let’s get started:

 

03:40 Understanding compound interest

10:02 Set a reminder to check credit report

13:02 Get my rate verified

16:59 Do a savings challenge

21:59 Unsubscribe from retailers

 

Resources:

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode174.mp3
Category:general -- posted at: 1:49pm CDT

What is going on in Crypto?

 

OMG

 

It seems like the Crypto just exploded and I got caught in the aftermath.

 

It has been a crazy few days, starting Sunday evening into Monday morning.

 

Headlines were popping up everywhere.

 

Bitcoin is trading (at the time of this recording) at $22k.

 

The previous high back in March was $47k.  So what is going on?

 

01:58 Celsius Network

03:32 I was invited to the weekly AMA

06:11 Withdrawals from Celsius

08:21 I don’t like it!

11:30 Will the market be affected?

13:22 ‘2000 Super Bowl’ analogy

16:26 The future of Celsius

 

Resources:

https://www.goodfinancialcents.com/ask

 

Check out my YouTube channel here.

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Direct download: 173_-_Celsius_Network.mp3
Category:general -- posted at: 10:50am CDT

What if you were faced with this difficult decision - You can either get a payout for the rest of your life or you can get a big fat check once?

 

Don’t worry, you don’t have to make this decision alone, that is what I am here for!

 

I received this question from a reader, Jared:

 

‘I have worked with my company for over 27 years this Spring. I am one of the lucky ones that have been given a very generous pension and a 401k plan.’ …. ‘My pension should be more than enough to take care of my wife and I.  I am almost 60 and I have the option to roll my pension over into an IRA.’

 

‘Should I roll my pension to an IRA or leave as is?’

 

04:28 IRA rollover options

06:54 Annuitizing your pension

08:01 Borrowing against an IRA

09:08 Pension payout options

10:51 Tax Liability 

12:49 Working with a professional

 

Resources:

Pension Benefit Guaranty Corporation: https://www.pbgc.gov/

CFP Board: https://www.cfp.net/

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode172.mp3
Category:general -- posted at: 1:38pm CDT

In Episode #169 we talked about how we can flip $100 and turn it into $1,000 or more.

 

In this episode we are going to talk about how we can take $100 and start building real wealth.

 

You can grow this $100 into $1,000, $10,000 or $1,000,000.

 

Here are 10 ways you can start investing $100 today:

 

02:44 - 1. Rounding up your savings.

04:47 - 2. Dabbling in fractional shares

06:24 - 3. Investing in real estate

09:31 - 4. Cryptocurrency

11:07 - 5. Index Funds (w/Betterment)

12:21 - 6. M1 Finance

14:16 - 7. Enrolling in a Course

16:55 - 8. Open a Roth IRA

18:06 - 9. Worthy Bonds

19:44 - 10. High-Yield Savings

 

Resources:

https://wealthhackerlabs.com/ask/

7 Ways to Invest $100

What Happened With My $1,000 Fundrise Investment (3 Years Later)

 

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Direct download: Episode171.mp3
Category:general -- posted at: 11:04am CDT

So what do you do when you start a company, grow it, and sell it for millions?

 

You do it again, and again……

 

Then you go out and start a new company that disrupts the Crypto World.

 

I got to interview Alex Mashinsky, CEO of Celsius Network.  I am a huge fan of Celsius network, and have other videos where I share my experience, but this interview is all about Alex’s story.

 

01:06 Where it all started

07:08 From an early age you were a ‘tinkerer’

09:15 Wireless service in the NY Subway

13:20 VOIP - it’s a big deal!

18:56 Was creating Celsius the next logical step for you?

22:42 How did you want to stand out from other crypto networks?

27:08 Free swaps are an awesome benefit.

29:15 Why are you so passionate about the weekly ‘Ask Alex’ sessions?

33:45 Why is it important to you to publicly share your failed ventures?

Resources:

Celsius Network | Earning Passive Income Through Cryptocurrency [Step-by-Step Guide]

https://youtu.be/geVvCl4tUxM

 

Celsius Network Loans Walk-Thru (USING LEVERAGE TO BUILD WEALTH)

https://youtu.be/BUJ6EjLPCC0

 

Buying Bitcoin - How to Transfer From Fidelity ➡️ Celsius Network (ask the CFP®)

https://youtu.be/tij7cHaUqgU

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode170.mp3
Category:general -- posted at: 11:25am CDT

It was once said that if Bill Gates were to stop and pick up a $100 bill off the ground - he would actually be losing money.

 

That is how rich he is.

 

If I saw $100 bill on the ground, I would definitely stop and pick it up, I’m sure you would too.

 

A lot of people think that when it comes to investing $100 will not have any impact, it’s just not enough money to make a difference.

 

Today, I want to change that opinion.

 

I want to show you have you can take $100 and flip it into $1,000.

 

What if you were to invest $100 every single month?

 

02:43 The power of compounding interest

04:01 Consistency and discipline are key

06:33 How to make quick profits

10:12 Flipping garage sale and flea market items

14:47 Flipping sneakers

18:13 Flipping sports cards

 

Resources:

7 Ways to Invest $100

Best Items for Garage Sale Flipping for Fun and Profit

Investing Essentials for Beginners & Intermediates

 

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_169_.mp3
Category:general -- posted at: 12:50pm CDT

It is time for a Robo-Advisor Throwdown!

 

We are looking at two heavyweights: M1 Finance v Betterment.

 

I think these platforms are the two best options for beginners.  Anyone that is ready to start investing but isn’t sure how - one of these tools are best for you.

 

 

01:27 Why am I comparing these two platforms?

02:30 Platform information and stats

07:08 Account types offered by each platform

15:14 The fees involved

16:20 Additional features for each platform

18:59 Which platform do I declare the winner?

Resources:

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_168_.mp3
Category:general -- posted at: 11:56am CDT

If you have inherited an IRA lately you are probably pulling your hair out trying to understand the rules.

 

If you are trying to make sense of the rules on your own, you are probably exhausted.

 

We have a reader question asking this very thing.  Let’s take a look at that question from Chris:

 

“I have an inherited IRA and it is currently managed by one of the few investment companies that accepted these accounts.  It is losing money and  need advice of self managing this account.  What is the best strategy and investment for this to protect the assets from inflation and an unstable market?”

 

There are a few different things going on here.

 

02:47 Rules for inherited IRA and 401k accounts

04:15 Benefits of an inherited acount

09:15 Which investment firms will manage inherited accounts?

11:22 Protecting yourself from inflation

13:37 Understanding the strategy of your IRA

 

 

Resources:

https://wealthhackerlabs.com/ask/

5 Best Hedges in the face of Inflation

7 Best Inflation Hedges (protect your money). - YouTube

 

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Direct download: episode-167.mp3
Category:general -- posted at: 10:15am CDT

Are we in a bear market? Is the stock market going to crash?

 

What do you need to do with your money?

 

I wanted to have a quick discussion about the market and all the fear and uncertainty swirling around out there.

 

When the fear sets in and our emotions take over, we lose sight of what we are trying to do.

 

Our last bear market was only 33 days, it barely affected anyone, so I understand why so many people aren’t sure what is going to happen.

 

Before that, going back to 2008-2009 (when many of you started investing) you have had a really long Bull market, so you are not used to seeing red.  At that time the ‘all time’ high was 14,164.

 

Right now, our ‘all time’ high is 36,952 - that’s more than two times of the all time high back in 2008-2009.

 

I can’t predict exactly what will happen but I can say that many that panicked back in 2008 and sold, or held in cash, lost out.  

 

They lost out on the longest bull market and the best growth we’ve had  in a really long time.

 

Check out my YouTube channel here.

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Direct download: Episode-166.mp3
Category:general -- posted at: 11:08am CDT

I had planned to record something different today but I just wasn’t feeling it.

 

Instead I wanted to take a few minutes to talk to you about a tweet I put out recently.

 

I’ve recorded a video in the past that alluded to the shame that I sometimes feel.

 

My approach has always been to share some of the mistakes that I’ve made in the past in the hopes that someone out there listening can learn from them as I have.

 

This is what I tweeted:

I am a multi-millionaire and I have struggled with anxiety, rage, toxic shame, depression, and suicidal thoughts.  Here’s my story.

 

First, let me say how much shame I have had to let go of to admit my struggles. All my life I’ve considered myself successful so when depression hit me and I couldn’t out work it, the despair only compounded.

 

If you are dealing with depression, don’t try to do it alone.

 

What I’ve learned is that all the money and possessions in the world mean nothing if you are empty on the inside.

 

I learned that how each individual deals with trauma is what shapes who you are.

 

The trauma I faced as a child started when my parents got a divorce. I didn’t acknowledge this

as trauma when I was a child.  After the divorce I moved and lived with my father. 

 

As an adult, I realize how much I craved having a mom.  I only got to see my mom in the summer and holidays.

 

I realized that I never let myself acknowledge fear. Instead I felt shame and depression and it would spiral from there.  It was a constant loop of anxiety, shame, panic and depression.


Resources:

https://twitter.com/jjeffrose/status/1527014274698252289

https://wealthhackerlabs.com/ask/

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_165.mp3
Category:general -- posted at: 12:03pm CDT

You know that you need to invest in the stock market but you’re not really sure how.

 

You don’t trust yourself to build your own portfolio.

 

The good news, there are investment platforms out there to help you.

 

It is crazy how easy it is to start investing with a robo-advisor platform.

 

Let’s talk about one of those platforms, Betterment, and the tools and services they offer.

 

03:39 What is Betterment

06:32 Pricing tiers

09:38 Accounts you can open

13:46 Is Betterment right for me?

16:50 Having access to a team

20:37 Behind the scenes of a Betterment account

 

Resources:

Betterment Investing Review: Make Investing Automatic

Betterment Checking: A Detailed Review

The Best Online Brokerage Accounts: For Beginners To Experienced Investors

Betterment vs. Wealthfront

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_164_-_Betterment_Review.mp3
Category:general -- posted at: 11:45am CDT

Poor people consume, wealthy people create.

 

This was a tweet I put out earlier this month.  The response was NOT favorable.

 

I can elaborate on this and I want to share some of the responses from this tweet.

 

I tell my kids all the time to be careful with social media because things can be taken out of context.

 

That is what happened to me.

 

There were som many responses from people who:

 

Questioned my faith

Told me I was a piece of %$#@

 

This was a tweet from another CFP

 

“Terrible take - anyone who has spent meaningful time with  the materially poor sees how much hard work and creativity it takes to survive. The wealthy just have the luxury of being able to apply their creative energy to longer term things because they have their basic. Needs met.”

 

I decided to elaborate on my tweet so I added:

 

‘Poor isn’t all about monetary status or position, it all about how you approach your day.  Are you stuck in your own head and your own struggles? Do you constantly find blame for your shortcomings on others? If you are around these people, and they come from all walks of life, I have been surrounded by rich people that are bankrupt on the inside.  They constantly search for outwardly possessions to fill a void.  They never will.

 

Wealthy people  understand the word contentment. They breathe it, they live it, they also understand there is more to life than them.  Because of that they create opportunities.  Could it be jobs? Yes. But more importantly they create space for others to thrive.  They listen, they give empathy, they generally want to help without strings attached.

 

That was the core meaning behind what I was referring to.

 

People with a broke mindset are toxic. They constantly complain, they are never happy with anything.  They also blame others for their shortcomings.

 

That was the context behind my tweet.

 

Resources:

https://twitter.com/jjeffrose/status/1525157847394295810

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode163.mp3
Category:general -- posted at: 12:40pm CDT

Decisions, decisions.  Sometimes we are faced with difficult decisions, they may both be good choices, but we have to pick one.

 

Today we are talking about the Roth IRA as I answer a reader question.

 

This question come from Carlos: “I just started a new job after a lengthy stretch of being unemployed. My last job had a 401k but I was excited when I found out my new job offers a Roth 401k. I already have a Roth IRA - thanks to you!  - but I’m not sure which one to do. I wish I could do both but financialy I can’t afford it. If I had to pick one which one would it be - Roth IRA or Roth 401k?”

 

If you have access to a 401k, your employer has the ability to add the Roth 401k provision.  If they do n to have the Roth provision yet, you could talk to HR to see if they are willing to add the provision.

 

00:00 Intro

04:35 Similarities of Roth IRA and Roth 401k

07:43 Early withdrawal restrictions

09:12 Key differences of Roth IRA vs Roth 401k

12:24 Loan provisions

15:21 You are in charge of your investments

19:02 Is that your final answer?

Resources:

The Ultimate Roth IRA Conversion Guide – Everything You Need to Know

401k Contribution Limits for 2022

The Traditional IRA vs. the 401(k) Plan – Which Plan Wins?

Roth IRA Rules and Contribution Limits for 2022

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

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Direct download: Ep-162-_Roth_IRA_vs_roth_401k.mp3
Category:general -- posted at: 8:07am CDT

The headlines are already pouring in…’Dow falls more than 200 points….hits new 2022 low!

 

The media/news are all about selling you fear.  They want you to panic.

 

I don’t want you to panic.  I want you to be aware, but not panic.

 

Let’s address the 10 things you need to know about a Bear Market.

 

00:00 Intro

04:04 We are approaching ‘Bear Market’ territory 

05:55 Watch for the 20%

06:42 Stocks lose 36% on average in a bear market

08:56 Bear markets are normal

09:48 Bear markets tend to be short-lived

10:35 Every 3.6 years

12:21 Bear markets have been less frequent since WWII

12:47 Half of the S&P500 Index’s strongest days in the last 20 years occurred during a bear market 

14:37 A bear market doesn’t necessarily indicate an economic recession

15:08 Assuming a 50-year investment horizon, you can expect to live through about 14 bear markets

15:38 Bear markets can be painful, but overall, markets are positive a majority of the time

 

Resources:

 

https://www.hartfordfunds.com/dam/en/docs/pub/whitepapers/CCWP045.pdf

 

Recession Proof: How to Prepare for the Next Recession

Top 10 WORST Stock Market Crashes in History

How the Stock Market Works


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Direct download: Ep161-_Is_a_Bear_Market_Here__10_Key_Stats_You_Need_to_Know.mp3
Category:general -- posted at: 10:30am CDT

There was a time where I was making over a 17% return and I didn’t have to worry about the stock market.

 

Then a few years ago, my world changed when they took this investment away.

 

There are a lot of people that think this is still around.  

 

Today I want to answer the question - Is Lending Club still around and is it Legit?

 

I will also share some alternatives to use in place of Lending Club.

 

02:24 Are they legit

08:14 My account is still earning interest

09:15 Lending Club retires the note platform

14:55 Alternatives to Lending Club

20:55 Investing in Art Investments

Resources:

Lending Club Alternatives:

Fundrise

YieldStreet

Masterworks

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode-160.mp3
Category:general -- posted at: 1:10pm CDT

How much money do you think it would take to be in the top 10%, worldwide, in net worth?

 

What is the difference between being rich vs wealthy?

 

The World Inequality Lab released a report that took a look at the income or net worth of every Country that exists. It showed that the average adult, worldwide, makes $23,380.  To be in the top 10% globally, you would need to make $122,100

 

06:08 Is being rich defined by how much you make?

11:55 If you are chasing true wealth, you need to do this.

12:55 You aren’t wealthy until you have something money can’t buy.

14:25 Time is your most valuable and limited asset.

17:45 Take control of your money generating assets.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_159_.mp3
Category:general -- posted at: 11:04am CDT

“If they are the people that love and support you, they don’t care., do what you have to do to take care of your family or to get there.  The people that judge you are the ones that aren’t taking risks, are not betting on themselves, don’t care about you and your best interest.  They just care about making themselves look better. Those really aren’t the people we should be listening to.” 

 

That is a brief clip from my interview with Jake Thompson. For those of you that don’t know Jake, he is the type of guy that will inspire you to live a better life.

 

He truly motivates me to compete every. Single. Day.

 

Jake’s path to success was not an easy one, but he still found a way to win at everything he puts his heart towards.

 

04:04 What are you doing right now?

05:10 Is every day a compete kind of day?

08:31 When did you first start as an entrepreneur?

10:03 What got you to the point of starting the compete every day business?

14:54 Tell us about the emotional journey of moving from a start up to a successful business.

21:49 Will you do what it takes to reach your goal?

22:50 What are some of the biggest changes your business has went through.

28:04 What is the scariest investment you’ve made in your business.

32:40 What was your hope, or your goal, when writing your book?

Resources:

https://www.competeeveryday.com/

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode158_Compete-Everyday.mp3
Category:general -- posted at: 12:44pm CDT

If you are looking at your savings account and it is make you SICK…this may be just the podcast for you.

 

I am going to answer a simple question on how you can double your savings account in 12 months.

 

01:50 My daily routine

04:54 The key to double your savings

08:36 The 52 Week Challenge

10:01 Automate it!

12:44 Set reminders for review


Resources:

https://wealthhackerlabs.com/ask/

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode157.mp3
Category:general -- posted at: 9:39am CDT

You’ve seen the headlines again and again.

 

Inflation is here.  It’s time to freak out!

 

Or is it?

 

Let’s take a look at some of the best hedges to beat inflation.

 

03:23 Gold

06:34 Real Estate (REITs)

9:40 Aggregate Bond Index

12:13 Stock Market

15:08 Treasury Inflated Protected Securities (TIPS)

17:20 Series I Bonds

21:20 Bitcoin

 

 

Resources:

5 Best Hedges in the Face of Inflation

https://www.investopedia.com/articles/investing/092514/better-inflation-hedge-gold-or-treasuries.asp

https://www.treasurydirect.gov/

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode-156.mp3
Category:general -- posted at: 11:25am CDT

You know you love the Roth IRA!

 

What’s NOT to love about free tax money?

 

Sometimes it is nice to get that tax deduction.

 

There is a pre-tax retirement tool called the SEP IRA - we are going to answer a reader question today about the SEP IRA.

 

The question: “I have a question about the SEP and Roth IRA - if my employer does not offer any type of retirement benefits, but I do have a Roth IRA from a previous employer - I am regularly contributing to my Roth IRA - also I would like to contribute to a SEP or Simple.  Can I contribute to each without penalty?  I am above the age of 50, what is the best route for me to contribute without getting a penalty/

 

I have spent a lot of time answering questions about the Roth IRA, but this one is unique.  He is asking if he can have a SEP and a Roth.


6:00 What is a SEP and how does it work?
7:33 3 steps to set up a SEP
8:06 SEP vs Roth IRA from employer perspective
9:15 Who can open a SEP or Simple IRA
10:25 Contribution limits
15:45 Can you have both a SEP and Roth IRA?

Resources:

Distribution Rules for SEP IRAs

Rules and Limits to Open a SEP IRA for 2022

Roth IRA vs Traditional IRA: Understand the Difference

https://wealthhackerlabs.com/ask/

Direct download: Ep_155.mp3
Category:general -- posted at: 12:07pm CDT

It’s a good day when we have a Good Financial Cents subscriber that is interested in ‘tax free money.’

 

That tells me you are listening and ready to take charge of your life.

 

Today’s question comes from Aaron:

 

“I am 28 years old and I keep hearing how much you love the Roth IRA. I am finally ready to get one but I am not sure which will give me the highest return - should I go with a bank or one of those online brokers?”

 

I would like to point out that a Roth IRA is not an investment, rather it is an investment tool.  You are not buying a Roth IRA, you are opening a Roth IRA account and putting investments into that account.

04:27 Take advantage of those tax free benefits
05:30 Bank or Online broker
07:04 Avoid these types of investments
11:57 Best investments to add to your Roth
14:15 The Blended Approach
18:09 Diversified Stock Approach
19:43 The paycheck stock method
22:24 Get Techie Method
25:23 Buy it like Buffet
26:14 Real Estate in your Roth
28:30 Adding cryptocurrency to your Roth

Resources:

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_154_-The_Best_Roth_IRA_Investments_for_long-term_wealth.mp3
Category:general -- posted at: 12:57pm CDT

Many people are familiar with the ‘FIRE’ movement. Fire stands for:

 

Financially

Independent

Retire

Early

 

If you are a FIRE advocate, you are saving large amount of your income - 30, 40 or 50% (or greater). People on the outside can’t understand how you can save so much.

 

If you have a hard time understanding how someone could save 50% of their income, imagine someone giving half of their income away!

 

I’m doing to introduce you to Bob Lotich who is giving away 44% of his income.  He has given away over a million dollars by the time he turned 40.

04:03 One Year Sabbatical

06:15 The ‘Aha’ moments

10:15 How did it feel when you started giving?

19:04 At what point was 10% not enough for a tithe

22:45 What is your take on true financial freedom

25:18 How hard was it to increase the % you were giving each and every year?

27:08 How do you make your contributions automatic?

30:01 What is an example of a situation or a person that you are able to plant the seed of giving?

33:06 How do you encourage someone to start giving, even if they do not feel able?

34:50 What message do you hope readers will get out of your new book Simple Money Rich Life?

 

Resources:

Simple Money Rich Life

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_153-_Bob_Lotich_Interview_.mp3
Category:general -- posted at: 2:57pm CDT

You have hit a crucial investing milestone. Congratulations!!

 

You have $10,000 and you want to invest - but where? What?  There are so many options.

 

Don’t worry, I’ve got you - with 17 different investment ideas.

 

03:48 High interest/high yield savings account

04:59 Auto-pilot investing

06:52 Real estate 

09:22 Dividend paying stocks

11:33 Cryptocurrency

13:13 Investing in home renovations

16:42 Coaching program

14:41 Your credentials 

18:19 Get a license (real estate or life insurance)

18:33 Get a degree 

18:49 Online Courses

20:58 Start a business

20:58 Open a Franchise 

21:50 Start a podcast

21:50 Start a blog

22:22 Reselling on Amazon FBA

23:36 Pay off debt

 

Resources:

How to Invest in Dividend Stocks

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_152_-_How_to_Invest_10000_.mp3
Category:general -- posted at: 11:34am CDT

Let me know if this sounds like a dream come trie:

 

You can purchase a safe investment, guaranteed by the government,  and make almost 10% return. (Does that exist?)

 

I’m sure you saw the headline last week that said in March the CPI is up 8.5% from 1 year ago.  That is the fast annual gain since December 1981.

 

What does that mean?

 

CPI is a measure of the price of goods and services we purchase - it is a measure of inflation.

 

01:54 Areas with largest increase in costs.

02:46 Inflation hedges

05:14 Safe investment that will yield almost 10% return

08:40 Is there a catch/limitation?

09:50 Holding I Bonds

10:37 Should you buy now or later?

 

Resources:

5 Best Hedges in the Face of Inflation

Best Low-Risk Investments for 2022

https://wealthhackerlabs.com/ask/

https://www.bls.gov/cpi/

https://www.marketwatch.com/story/the-silver-lining-of-surging-inflation-i-bond-yields-should-climb-above-9-11649784459

https://apple.news/ArdYM3JWWRp2yGjCjaYuZNQ

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_151_-_I_bonds_and_inflation_.mp3
Category:general -- posted at: 10:21am CDT

What would you rather have, 1) a backyard paradise or 2) an investment that pays dividends for life?

 

You probably need more context to truly answer this question.

 

I saw a lot of people on twitter talking about investments with VOO (Vanguard 500 Index Fund ETF), this prompted me to make a tweet of my own.

 

I tweeted a picture of our backyard which included our pool and the poorhouse / my YouTube studio. This was the caption ‘I could have bout 1400 shares of VOO but decided my backyard paradise was a better investment - lifetime memories = generational dividends.’

 

We decided that we wanted to invest some money into a pool which grew into a pool house, an interruption free studio for video recording, and some space for guests to stay when visiting.

 

We are very happy with our decision and we have already made so many memories in this space.

 

How about you?  Is there anything that you have purchased that you feel will have generational dividends for you and your family?

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode150.mp3
Category:general -- posted at: 11:47am CDT

$12,283.00

 

That is how much it costs to get three of our kids braces.

 

Well, 2 got braces and 1 got Invisalign.

 

Today we are going to talk about:

  • How much it costs to get braces in today’s inflationary market. 
  • How much it costs to get Invisalign.
  • Which one is better?

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_149_.mp3
Category:general -- posted at: 1:48pm CDT

When you are a certified financial planner there is a lot of pressure when I reveal my investment portfolio.

 

My returns should be phenomenal - like 2-3 times higher than the average investor.

 

Regardless, I am about to share my returns on not one but two M1 Finance accounts with you.

 

It has been so long since I’ve logged into my M1 Finance accounts..I am almost afraid to look.

 

I hope this walk through of my accounts will show you just how easy it is to set up an account and start investing with M1 Finance.

 

03:09 Quick overview of M1 Finance
05:00 How are the markets doing right now?
06:17 Let’s look at the first M1 finance account
09:02 The 2nd (and larger) M1 Finance account
21:34 Buying Bitcoin ProShares Trust

 

Resources:

M1 Finance Review – Revolutionizing Robo-Investing

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Ep_148.mp3
Category:general -- posted at: 10:22am CDT

If you are in the process of trying to buy a house, you know how crazy it is right now.

 

Especially if you live in an area with a high demand, like here in Nashville, TN.

 

You are either paying way over market value or using some unconventional methods to find a house.

 

I want to share a story with you about a couple, friends of mine, that were searching for a house to purchase after moving to the Nashville area.

 

After months and months of working with a Realtor they were getting absolutely nowhere.


They finally found their dream home and you'll never believe how they did it.

 Resources:

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Ep_147.mp3
Category:general -- posted at: 12:17pm CDT

“In the last 8 years we’ve had 4,000 people come through the flipped lifestyle community.”

This is from an interview I did with a good friend, Shane Sams.  They have an amazing story! 

Shane says he even has to pinch himself to make sure he isn’t dreaming.

Tune in for the full story of how Shane and Jocelyn quit their jobs and flipped their life.


Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

https://wealthhackerlabs.com/ask/

14 Legit Ways Real People Make Money on Facebook

Here Are the Best Online Jobs to Make Real Money

17 Best Online Jobs for Teens

 

Direct download: Episode146_-Shane_Sams_Interview.mp3
Category:general -- posted at: 10:12am CDT

Two Million Dollars

 

That is a lot of money.

(When I say that I can’t help but think of Dr. Evil saying ‘One Million Dollars.’)

 

Today we are not talking about how to make millions or how to invest millions - we are talking about protecting your family.

 

If something were to happen to you, does your family have the means to maintain the lifestyle you live now?

 

How do you know how much you’ll need?

 

Tune in and I’ll walk you through the process of picking a policy that works for your family and how much it will cost you.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

https://wealthhackerlabs.com/ask/

The Best Life Insurance Companies for 2022

How Much Does a Million Dollar Term Life Insurance Policy Cost?

Five Life Insurance Riders You Need To Be Aware Of

Direct download: Ep_145_2_million_life_insurance.mp3
Category:general -- posted at: 10:29am CDT

Are you tired of learning about ways to make an extra $1,000 per month?

 

I hope not!

 

I am excited to continue this series with the final 10 ways I want to share with you.

 

01:36 #21 Creating an online course
04:24 #22 Creating a digital product
06:24 #23 Become a freelancer
08:23 #24 Tutoring #25 Teaching English as a second language
09:16 #26 Amateur Sports Referee
10:06 #27 Become a HandyMan
10:48 #28 Rent out storage space in your home
12:35 #29 List your services (talents) for hire
14:02 #30 Flipping websites #31 Buying websites to generate passive income

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Resources:

https://wealthhackerlabs.com/ask/

https://www.gigsalad.com/

 

 

Direct download: Episode_144_-_Make_1k_part_3_.mp3
Category:general -- posted at: 10:45am CDT

We are still talking about how to make an extra $1,000 a month on the side (or take it to a full-time gig if you like.

 

We covered the first 10 ways to make that $1k/month in Episode 142.  We are going to dive right in to #11 and beyond today.

 

01:25 #11 Podcasting
06:28 #12 Start a YouTube Channel
08:15 #13 Reselling Garage Sale/Flea Market Items
10:59 #14 Reselling Sneakers
13:43 #15 Reselling Sports Cards
17:14 #16 Trading Options
20:17 #17 Credit Card Rewards
24:27 #18 Paying off Student Loans
26:21 #19 Amazon FBA
28:55 #20 Become a Virtual Assistant

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

How To Make $1,000 Per Month in Dividends

Best Items for Garage Sale Flipping for Fun and Profit

$0 to $1000 a Month with Amazon FBA

7 Rules I Learned After Going Broke in Real Estate Investing

https://wealthhackerlabs.com/ask/

Direct download: Ep_143-_Make_1k_Part_2_.mp3
Category:general -- posted at: 11:10am CDT

I was putting on a favorite pair of lounge paints the other day.  I placed my hand in my pocket and found a $20!

 

It’s always fun finding extra cash in your pocket.

 

Want to know what is even more fun?  Making extra money every month!

 

In this 3-part podcast I am going to share over 30 ways you can make extra money on the side.

 

30 ideas may seem a bit overwhelming, but I know that not every idea will work for everyone.  My hope is that by sharing all 30 everyone will find something what will work for their situation.

 

05:50 #1 Selling eBooks
09:17 #2 Freelance Writing
11:49 #3 Blogging
14:29 #4 FaceBook Ads
17:53 #5 Crypto Bot Trading
20:07 #6 Dividend Income
20:50 #7 Cryptocurrency Savings Accounts
22:42 #8 Real Estate Rental Income
24:02 #9 Personal Coaching/Consulting
26:56 #10 Membership Communities


Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

How To Make $1,000 Per Month in Dividends

7 Rules I Learned After Going Broke in Real Estate Investing

https://wealthhackerlabs.com/ask/

Direct download: Ep_142-_Make_1k_Part_1_.mp3
Category:general -- posted at: 11:12am CDT

Do you have a passion for helping people with their money but have a hard time figuring out how to go about it?

 

Could you be a part-time money coach?

 

We recently had a subscriber ask: I’ve started taking CFP courses and I want to start part-time helping families get their finances in order. I was wondering if you could offer any advice in regards to this.

 

04:18 - Is this a viable option?
06:35 - Requirements/Certifications of a financial coach.
08:48 - What is your money story?
13:11 - What is your speciality?
15:44 - What is your specific solution?
16:38 - What will you charge?

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

https://wealthhackerlabs.com/ask/

https://whitneyhansen.com/

https://damonday.com/

Direct download: Episode-141.mp3
Category:general -- posted at: 10:29am CDT

Passive income is one of the most searched topics on the web today.

 

Who doesn’t want to make money while they sleep?

 

The American dream for some is having the big house with the white picket fence, but for others it is making money while doing nothing.

 

You can do this through passive income.  Just be prepared to do the work up front because it does take some work to set it up.

 

I want to share how you can earn some passive income through dividend investing.

 

Just like any other form of passive income, this takes work on the front end and a little time to build.  

 

The first step is getting started.

07:18 Bonus Benefit #1
09:42 Bonus Benefit #2
15:42 ETFs
16:47 REITs
18:14 Sample Portfolio
22:124 How To Build Your Portfolio

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

28 Passive Income Ideas To Build Real Wealth

How to Invest in Dividend Stocks

Best Long-Term Investment Strategies & Products

https://wealthhackerlabs.com/ask/

Direct download: Ep140_How_To_Make_1000_Per_Month_in_Dividends.mp3
Category:general -- posted at: 10:03am CDT

When I was in college I absolutely hated writing papers.

 

The paper that I spent the most amount of time trying to write was my resume. It ended up being one page.

 

Anyone looking to hire me would have this one page to learn all about me and make a decision of whether or not to hire me.

 

Financial lenders have one document to look at to determine whether or not they want to lend you money. It is your credit report, which gives them the details of your credit score.

 

Today I am going to give you some tips on how to build up your credit score.

 

6:52 What affects your credit score?
11:04 Open a secured credit card account.
13:31 Credit builder loans
14:44 Credit building Apps
15:46 Review your credit report
17:23 Dispute any charges that are not yours

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

How to Raise Your Credit Score 100 Points or More in Less Than 5 Months

How to Dispute Your Credit Report and Get Negative Items Removed

What is a Bad Credit Score? (Plus How to Improve It)

7 Best Credit Repair Companies of 2022

https://wealthhackerlabs.com/ask/

 

Direct download: Ep139_Build_Your_Credit_Score.mp3
Category:general -- posted at: 10:22am CDT

It is time for a vacation!  

 

If you aren’t going to an ‘all inclusive’ resort - figuring out where to stay can really be a hassle.

 

We have a hard time finding a place that will fit our family (4 kids) with enough space to ‘spread out’.

 

Maybe your vacation is a time to check out some potential investment properties.

 

A reader, Steve, sent in a question about potential investment properties that we are going to answer today.

 

 

Steve asks: My wife and I are in our mid-50’s, we are debt free and own our home. We would like to have a place that our family and kids can use while we explore future retirement areas near the vacation home.

 

05:56 The pros of buying a short-term rental.
07:08 Generating Income
10:22 Long-term capital appreciation
13:20 Great Tax Benefits
16:24 The Cons - Higher Down Payment/ Higher Interest Rate
17:33 Not all communities welcome short-term rentals
18:04 Bad renters/property damage
18:54 Not passive income

 

I encourage you to have detailed conversations with your significant other and your CPA before you purchase a vacation/short-term rental property.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

How to Buy a Second Home that Pays for Itself

Real Estate or Index Funds – Which is the Better Way to Build Long-term Wealth?

How To Invest in Real Estate (12 Different Ways!)

https://wealthhackerlabs.com/ask/

 

Direct download: Ep138.mp3
Category:general -- posted at: 11:01am CDT

It was 2001 and I was an intern at an investment firm - actually the brokerage firm that hired me to become a financial advisor.

 

I experienced, for the first time, what a stock market crash is.

 

Until you see how it affects people, you just don’t fully understand the stress, worry, and defeat that comes with it.

 

At that time, I thought that would probably be the worst crash I would see in my lifetime.

 

Then 2008 rolled around!

 

I decided to add some perspective to the current situation, I would share the top 10 crashes in history.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Resources:

The Best Online Brokerage Accounts: For Beginners To Experienced Investors

15 Ways To Start Investing Small Amounts Of Money

Betterment Investing Review: Make Investing Automatic

https://wealthhackerlabs.com/ask/

Direct download: 137-Top_10_WORST_Stock_Market_Crashes_in_History.mp3
Category:general -- posted at: 2:26pm CDT

This is a question that I didn’t think I would ever have to answer.

 

It is a very unique question that a reader, David, sent in.

 

“Fundrise or a 529 College savings plan - what is the best when you are investing for your kid?”

04:08 Investment Component
06:56 Tax Component

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram


Resources:

https://wealthhackerlabs.com/ask/

Fundrise Review: How to Invest in Corporate Real Estate With a Small Investment

7 Roth IRA Secrets You’ll Wish You Knew Sooner

Topic No. 553 Tax on a Child's Investment and Other Unearned Income (Kiddie Tax)

Roth IRA Rules and Contribution Limits for 2022

Direct download: Episode_136.mp3
Category:general -- posted at: 11:39am CDT

There was a time in high school, and I totally deserved it, where I got sent to the principals office.

 

Luckily I learned from my mistake and didn’t repeat it. Getting in trouble with your teacher and/or the school is not something I wanted to do again.

 

As an adult, I would say the equivalent to this would be if I were in trouble with the IRS. No one wants to do something that will get them in hot water with the IRS.


Today I want to share 5 mistakes that you want to avoid when filing taxes.

 

03:33 Forgetting paperwork
07:11 Missing or incorrect information
09:02 Don’t wait until the last minute
11:27 Choosing the incorrect filing status
12:41 Missing a tax break

Resources:

Best Tax Software Programs

TurboTax Review: An Industry Standard for DIY Tax Prep

What Happens If You Don’t File Your Tax Return?

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_135.mp3
Category:general -- posted at: 12:07pm CDT

What if you could go back in time and talk to the most successful investor of all time?

 

Do you think you would be an overnight millionaire? A billionaire? Maybe

 

Today we are going to talk about the top 11 investors of all time.

 

I found an article that talked about these investors and I wanted to do something a little different.

 

I wanted to find out what their first investment was or their best investment or both.

02:35 Benjamin Graham
04:53 Jack Bogle
07:21 John Templeton
09:40 Peter Lynch
11:53 Warren Buffett
15:39 Charlie Munger
17:47 Nassim Taleb
21:14 Ray Dalio
22:45 Peter Thiel
24:03 Carl Icahn
26:23 George Soros

Direct download: Episode_134.mp3
Category:general -- posted at: 11:52am CDT

Everyone wants to work until they are at LEAST 65 and can retire.

 

Oh wait….or is it that people want to retire early?

 

If you don’t want to stay stuck in your job until you are 65 or later, you have to start doing something different.

 

Tune in as I share 8 different strategies to help you retire early.

 

03:27 Get mentally prepared
05:34 Know your retirement target numbers
10:03 Have a strategy for health insurance
11:25 Cutting expenses now and for later
12:23 Pay off debt as soon as possible
13:23 Savings has to a priority in your budget
16:10 Increase your income and/or add additional streams of income
17:57 Invest aggressively but don’t speculate

 

Resources:

How to Retire at 50 in 7 Easy Steps

How to Retire at 55 (Safely!)

Here’s Your Plan to Retire in Ten Years

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_133.mp3
Category:general -- posted at: 9:30am CDT

Today we are comparing two heavy-weight investments.

 

Real Estate vs. Index Funds

 

Which one is better for building long-term wealth?

 

That was the question we received from Patrick, one of our readers.

 

Disclaimer: I am not a professional real estate investor.  The majority of my real estate investments are in private real estate notes and through Fundrise.

 

With that being said - let’s dive in and compare the two in greater detail:

06:10 Pros and Cons of Real Estate
15:01 Benefits of Index Funds
21:37 Risks of Index Funds
24:06 The numbers
28:30 The Winner Is…..

 

Resources:

7 Rules I Learned After Going Broke in Real Estate Investing

Fundrise Review: How to Invest in Corporate Real Estate With a Small Investment

Best Long-Term Investment Strategies & Products

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_132.mp3
Category:general -- posted at: 10:24am CDT

Do you miss the good ole’ college days where you were spending 12 hours a week in class and felt that you had no time.

 

Many of you are probably in a place where you are considering college or you have children that are young adults working towards their degree.

 

Either way, you understand how complex the student loan process can be.

 

Tune in and I’ll share the 4 things you need to consider when you are looking into student loans.

 

07:40 Competitive Interest Rates

10:13 Flexible Loan Terms

11:13 No Hidden Fees

13:49 Check Out Company Reviews

 

Resources:

https://studentaid.gov/

Here Are The Best Student Loans of 2022

How To Pay Off Student Loans Faster Than Ever

The Best Ways to Reduce the Interest Rate on Your Student Loans

 

Direct download: Episode_131.mp3
Category:general -- posted at: 7:57am CDT

You are finally ready to take the plunge.  You’ve seen everyone else doing and you have serious FOMO.

 

Today I am going to answer a reader question.  He is a serious investor but he has never purchased any cryptocurrency.

 

I get it - I was a financial advisor with my own wealth management firm and I had no clue where to buy cryptocurrency when I was ready to dive in.

 

I started investing with crypto in 2017 and there were so many options to choose from

 

05:05 His question:

 

‘I am completely new to crypto with no brokerage account other than traditional Fidelity and Merrill accounts.  I have $50k in traditional savings accounts.  What is the quickest and safest way to purchase stable coins and transfer to Celsius?’

 

In the traditional channels for trading - it is a simple process to transfer from Fidelity to Merrill or other traditional institution - to and from like accounts.

 

In the Crypto space this type of transfer does not exist.

 

09:37 Let’s address a traditional savings account as a tool for transferring funds for trading crypto.

 

17:45 Other ways to transfer funds into a platform like Celsius.

 

 Be sure to tune in for all the details.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_130_-_How_to_Buy_Bitcoin_For_the_1st_Time.mp3
Category:general -- posted at: 9:35am CDT

Say it ain’t so!

 

BlockFi has been hit with the largest fine of any Crypto exchange company - a $100 Million settlement.

 

How does this affect you?  How does this affect the crypto space?

 

BlockFi was the first Cryptocurrency savings account that I opened, I’ve been with them for several years.

 

Let’s dive in and answer some of these questions:

 

04:06 What did BlockFi do?

13:00 How will it affect customers?

17:56 How will it affect crypto exchanges?

22:08 What are my plans going forward?

 

Resources:

https://www.sec.gov/news/press-release/2022-26

https://blockfi.com/confidential-s1-filing

https://wealthhackerlabs.com/ask/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode129.mp3
Category:general -- posted at: 12:57pm CDT

I know that you get them to…..the most annoying phone calls.

 

I don’t know how I got on the list but I continue to get these spam calls….’there is a dispute on my credit report’.

 

I know that this is a junk call, but what if there is something on your credit report..a collection, some dispute, how do you get it removed?

 

How is your credit score determined?

What is your real credit score?

 

If you do have some sort of collection claim on your credit report and it is false or you have taken care of the issue, how do you get it removed?

 

You should pull your credit report at least once a year to check for correct or incorrect information.


If you find incorrect information, you will need to dispute this data with each credit bureau.  

 

In your letter you will want to include your full contact information; your name, address, phone number, copies of your credit report with incorrect information highlighted, a comprehensive explanation of why the information is incorrect.

 

You want to include everything you can in this formal request.

 

Expect to wait at least 30 days after a dispute for the credit bureau to investigate and make changes to your credit report.

Resources:

https://www.annualcreditreport.com/index.action

https://www.consumerfinance.gov/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode128.mp3
Category:general -- posted at: 10:51am CDT

1.1 Million Dollars is a lot of money. Is that enough money to retire?  What about retiring early?

 

One common question that these clients had was - once I hit 1 Million in savings/investments - is that enough to retire with?

 

https://wealthhackerlabs.com/ask/

 

I had a reader question, from Byron and this is his question:

 

‘I have 1.1 Million in my 401k, and will be retiring in January 2022 at 56. Who would you recommend I have mange this after retirement….”

 

02:58 Reader question

09:14 Finding a Certified Financial Planner

12:02 Using a financial calculator

 

Resources:

https://wealthhackerlabs.com/ask/

https://www.cfp.net/

https://www.bankrate.com/retirement/calculators/

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode127.mp3
Category:general -- posted at: 9:00am CDT

Growing up I had no idea what the word Wealthy meant.

 

I was busy chasing all the wrong benchmarks - what I was driving, how much I was making annually, etc.

 

After growing my business, my podcast, this YouTube channel - I understand what it means to be wealthy.

 

When I think of wealth now, I think of net worth:

 

Assets - Liabilities - Net Worth

 

I want to share with you the 4 things I focused on to 10x my net worth and focus on my long-term wealth:

 

04:47 Give up my ‘broke mindset’

07:14 What is a ‘Butt Pew?’

08:44 Stop buying liabilities!

12:38 Investing over 20%

16:56 Redefining what investing is.

Resources: https://www.personalcapital.com/


Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode126.mp3
Category:general -- posted at: 11:10am CDT

“If I look back on my goals for life, say 20 years ago, I’ve exceeded EVERY Metric” - Luke Bogacki

 

That’s a quote from a buddy of mine that has one of the coolest titles I’ve ever heard ‘Race Car Driver.”  He has gone on to build an amazing on-line business.

 

This story is so good, you’ll get goosebumps.

 

Luke is going to share his journey with you and we hope that it will encourage and inspire you to be bold and make some significant changes.

 

Tune in as Luke answers these questions and so much more!

 

04:14 What is your day job?

06:45 Can you explain bracket racing to us?

08:48 When did you decide to race full time?

09:26 When did you win your first ‘paying’ race?

12:20 What led you to look into other opportunities?

19:17 How did you start your online journey?

24:12 Did you have anyone guiding you through the process of growing this online business?

28:39 At the last count, how many members are in your group?

29:18 Did you ever get pushback from members when you moved from a free to paid membership?

33:00 As this business has continued to grow, what freedoms have you gained?

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode125_.mp3
Category:general -- posted at: 10:04am CDT

Imagine if you signed a contracting agreeing to get paid $750,000.  Then you make a decision that nets you only $35,703.  

 

What made this decision turn out so bad?

 

We are talking about someone that is getting ready to play in his first Super Bowl, wide receive Odell Beckham Jr, who plays for the Rams.

 

02:12 Odell signed a deal with the Rams that paid him $750,000 and made headlines when he agreed to get paid for this deal in Bitcoin.

 

05:10 Because Odell lives in CA, the tax on this payment is 53.3%, right off the top.

 

09:05 I would be ‘that guy’ that would love to take this kind of risk - with a huge chunk of money - if it was money I could afford to lose.

 

12:02 If you are interested in Cryptocurrency and wondering if now is a good time to get in - yes, yes it is.

 

Here are a few platforms that are good for crypto investing:

 

Earn $50 With Celsius: https://wealthhackerlabs.com/celsius

Earn up to $250 in bonus with Blockfi : https://wealthhackerlabs.com/blockfi

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode-124.mp3
Category:general -- posted at: 9:49am CDT

For many, retirement can be one of the scariest things you face.

 

Imagine trying to do this all alone after the loss or your spouse or significant other.

 

I have a reader, Sherry, that is in this very situation and recently reached out with a few questions.

 

Sherry asks for advice for a widow at 57 that wants to retire in 10 years.  She has an annuity and wants to know what she should do with the annuity.

 

I think the real question or concern here is ‘Will I be ok, will I have enough money?’   

 

Here is my advice:

05:56 Step 1 - Do a financial inventory, or a net worth statement.

09:59 Step 2 -  Produce a cash flow statement (current and projected).

14:13 Step 3 - Identify your ‘why’ behind your retirement goal. What are your plans?

 

Resources Mentioned:

To ask a question

https://wealthhackerlabs.com/ask/

Video:

2 Types of People That Struggle With This (Never Retire)

https://youtu.be/VpSYTyjJLSo

USAA 

✅ Visit https://www.usaa.com/jeffrose

📞 Or call 1-800-531-3165 and talk to a specialist today.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode123.mp3
Category:general -- posted at: 2:07pm CDT

I believe there are core habits that have led to my success.

 

I love to read posts, listen to podcasts, and watch videos that share the daily habits of self-made millionaires.

 

It’s fun to compare my habits to those of others and see if they are realistic and/or helpful.

 

Tune in as I share my opinion of an article I recently found that outlines the 5 daily money habits that keep self-made millionaires wealthy. 

Resources:

5 daily money habits that keep self-made millionaires wealthy, according to financial advisors who know

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode-122.mp3
Category:general -- posted at: 10:55am CDT

You know what you want to do but you recognize where you are in life right now…you’re behind.

 

What should you do?

 

What is the right answer?

 

Tune in as I share the details of that answer and a whole lot more.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode-121.mp3
Category:general -- posted at: 12:45pm CDT

You’ve maxed out your 401k….what other options do you have?

A listener of the GFC Podcast recently asked, after maxing out a 401k - where should he invest a big chunk of money.

Tune in as I share my response including nine options you can choose from if you find yourself in this situation.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_120.mp3
Category:general -- posted at: 10:51am CDT

Is your bank still paying you .06% - maybe less, maybe more?

In Episode 118, we started breaking down banking alternatives that are paying up to 850 times what you are earning at your bank.

We have already covered the first five, tune in as I share the remaining four banking alternatives and lot more.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_119.mp3
Category:general -- posted at: 11:52am CDT

Right now the average savings account is paying .06%.

Interest rates are (and continue to be) at historic lows.

Do we have to settle for making ‘nothing’ on our cash?

Absolutely not!

Tune in as I share 9 banking alternatives that will pay a lot more than your bank (up to 850 times more).

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode118.mp3
Category:general -- posted at: 1:32pm CDT

For those of you that aren’t a great cook - you can probably relate to this.

If you are cooking for the first time, it can be overwhelming. If you are like me, you go online and find a detailed recipe.

Just like these step-by-step recipes, there is an investment platform that will walk you through investing step-by-step.

Want to know more about this investment platform and how you can start investing today?  Tune in as I share all the details.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode117.mp3
Category:general -- posted at: 10:10am CDT

New Year’s Resolutions just make you feel so good about yourself!

In the past, when I set New Year’s resolutions, they were not usually related to finances.

I think we can all appreciate that financial goals are as important as fitness and other goals.

Tune in as I share the top 10 good financial goals that everyone should have.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_116.mp3
Category:general -- posted at: 10:21am CDT

It is time to make your life More!!

I want to do something to help you.

I’ve been using my Blog, Podcast, and YouTube channel to help people over the years and it is something that I really enjoy.

If you have a question about investing, personal finance, entrepreneurship, credit card hacks, Cryptocurrency, online business, you name it - I want to answer your questions.

Submit your questions here!

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_115.mp3
Category:general -- posted at: 12:09pm CDT

$454,599.78.......

That is how much interest we are going to save by paying our house off early.

That is a really HUGE amount of money.

Why would I want to pay our house off early?  As a CFP, this is usually the last bit of advice you would ever hear.

Tune in and I will share why this is the best decision for us, and why it may work well for you.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_114_pay_off_mortgage_early.mp3
Category:general -- posted at: 9:28am CDT

I am ALL about the money hacks!

This is one where I even impressed myself.

I figured out a way that my kids end up paying for their own Christmas and Birthday gifts - and bonus, we get to go on vacations too!

Talk about a win-win. Tune in as I share what I am talking about and how you can do this too!

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode-113.mp3
Category:general -- posted at: 12:13pm CDT

2021 is FINALLY over!  Can I get an AMEN?

I have always been big on setting goals at the beginning of each year.

My process starts with reflecting on what happened in the past year.

Looking back on 2021, it was one of the toughest years I’ve faced.

Tune in as I share some of the struggles I faced and how I am working to power through those struggles.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_112.mp3
Category:general -- posted at: 11:09am CDT

I’m sure you’ve heard this money rule before…..’You never loan money to family or friends.’

You will most likely never see that money again.

Even worse, would you ever loan money to anybody if you knew they were absolutely broke?

You may already be doing this and not even know! Tune in and I’ll tell you how this could be happening and a lot more.


Resources:

Fed Reserve Requirements

Fractional Reserve Banking

Best Online Banks

Low Risk High Return Investments

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_111_-_Banks_and_Money_.mp3
Category:general -- posted at: 10:39am CDT

Are you ready???

Are you ready to buy some Bitcoin?

If you tuned in for the last Podcast you know we answered some of your questions about investing with Bitcoin.

In this episode, we are going to dive a bit deeper discussing some of the best places to buy, how my investments are going, and a whole lot more.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_110_Bitcoin_Part_2_.mp3
Category:general -- posted at: 10:31am CDT

You asked for it, so here it is!!

A Bitcoin buying guide, for beginners.

As most of you requested, I am starting with the basics of how to invest and how to make money.

Tune in for Part 1 as I explain the process for you in detail.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_109_-_Bitcoin_Buying_Guide.mp3
Category:general -- posted at: 11:49am CDT

You have most likely seen headlines about teenagers making thousands of dollars selling NFTs.

There are actually thousands of people making money with NFTs, it’s not just teenagers.

Most people don’t even know what an NFT is or how to get started.

Tune in and you’ll learn what an NFT is, how to buy one, and how you can start making money right now.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode108_-_How_to_Buy_Your_First_NFT_without_getting_scammed.mp3
Category:general -- posted at: 11:25am CDT

Do you live in a ‘Rich’ or ‘Poor’ State?

Maybe you wonder how your income compares to others who hold a similar degree?

What about age?  Are you making about what others in your age group are making?

Tune in and I’ll share these answers and lots of other personal finance facts you need to know.

 

Resources on the Good Financial Cents Blog:

Personal Finance Facts and Statistics

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_107.mp3
Category:general -- posted at: 1:14pm CDT

When was the last time someone told you a secret?  

How did it make you feel to have this bit of information, that very few others knew.

If we are willing to take action we can use this type of insider information to our advantage.

Tune in as I share a few secrets about one of my favorite wealth saving tools - The Roth IRA.

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_106_-_7_Roth_IRA_Secrets_-_5_Billion_Roth_IRA.mp3
Category:general -- posted at: 11:23am CDT

It is an exciting time to be an investor in Cryptocurrency!

I was fortunate to start investing in crypto about three years ago.  There have been a few bumps along the way, but I am more than pleased so far.

Tune in as I share four different ways I am making money with cryptocurrency. I’m really excited about the fourth way.

Be sure to check out this video over on the YouTube channel.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_105_-_Making_Money_With_Crypto_.mp3
Category:general -- posted at: 9:23am CDT

What are some of the things in your life that you absolutely FREAK OUT about?

For me it is In-N-Out Burgers and my favorite sports team going all in.

Financial Independence and retiring early is another for me and a lot of other people, including todays guest!

Tune in as he shares his story of how he achieved financial freedom at a very young age.


Purchase
 First to a Million: A Teenager’s Guide to Achieving Early Financial Independence: https://bit.ly/30Zq5Jj

SheeksFreaks Communityhttps://bit.ly/sheeksfreaks107 (discount code: rose )

SheeksFreaks Instagramhttps://www.instagram.com/sheeksfreaks/

Dan’s Instagramhttps://www.instagram.com/dsheeks/

Dan’s email: dan@sheeksfreaks.com

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram


It was her entire life savings, all that she had saved, scraped, and socked away into her retirement account.

Once retirement hit, she made a very bold decision.

This decision changed her life!

Tune in as I share her decision and find out if this is the right move for your retirement account.


Resources on GoodFinancialCents.com:

Crypto Scams to Watch Out For


Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_103_-_300k_IRA_Ethereum.mp3
Category:general -- posted at: 10:15am CDT

What started out as an innocent text, turned into a life changing conversation.

I text a good buddy of mine who has been a successful real estate investor for most of his career.  He's see the fruit of investing in real estate because of how many different ways you can invest.

But a mentor of his kept "nagging" him about bitcoin and he finally took a closer look.  Intrigued he did even more research - over 50 hours - and after learning more he made a huge pivot in his real estate business.  

Find out why he's all-in on crypto and sold most of his real estate business. 

Resources from the show on GoodFinancialCents.com:

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Episode_102.mp3
Category:general -- posted at: 10:53am CDT

Is it time to finally say ‘Goodbye’ to Robinhood?

You’ve seen Robinhood App in the news - there are some interesting things going on.  Not all good.

Not the kind of press attention that most companies want.

This is not the main reason why I am making changes in my investment portfolio.  Tune in and I will share what I am changing and why.

Resources from the blog, GoodFinancialCents.com:

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_101_-_Crypto_Moves_.mp3
Category:general -- posted at: 10:03am CDT

Imagine being stuck in a dead-end job.

Everyday when your alarm goes off, you dread getting up and going to work.

I got a chance to talk to Holly Johnson that was literally stuck in a dead-end job and did not want to stay there.

Tune in for her story and learn how she got out of this situation  and became a freelance writer how you can do the same.

Resources from the blog, GoodFinancialCents.com:

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode100.mp3
Category:general -- posted at: 10:12am CDT

This may be a little controversial, but I think it will be fun.

We are going to be talking about scams, my 14-yr old son, and how I felt I needed to step in.

Tune in as I tell you all the details of what happened and how I reacted.

Watch this video on YouTube!

I (Almost) Got Scammed at a Card Show 😩 [Don't Make THIS Mistake]

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode99_-_Parker_Conflict_.mp3
Category:general -- posted at: 10:49am CDT

I am a sucker for any type of Super Hero movie. I love them all!

One of the most surprising was Guardians of the Galaxy.

This podcast isn’t about those types of Super Heroes, but a way you can be a Super Hero.

Tune in as I share more information about this so that you can become a Super Hero today!

 

Check out my YouTube channel here.

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A buddy of mine told me to buy 1 Million shares of this.

But, I decided to do it my way and bought 66+ Million instead.

What in the world am I talking about?  Have I lost my mind? Maybe.

Tune in as I share all the details of what I bought and why.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode97.mp3
Category:general -- posted at: 4:29pm CDT

For those of you that don’t know….Bitcoin hit an all-time high, again! This time it was $66,000.

It went up before and then dipped quite a bit, it was exciting to see it climb back up in the 60k range (at the time of this recording).

With this recent increase, the question for me was, ‘Do I take some of the profits I’ve made from my Bitcoin investment and put that into something else?’

Tune in as I share the details of what I decided to do with this investment and why.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode96.mp3
Category:general -- posted at: 11:48am CDT

The Founder and former CEO of the Vanguard Group had this to say about long-term investing: 

“Buy right and hold tight.”

I love that quote.

Tune in as I share all the details about the best long-term investments, find out what they are and add them to your portfolio now!

 

Resources on GoodFinancialCents.com:

Best Long-Term Investment Strategies & Products

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode95.mp3
Category:general -- posted at: 10:38am CDT

You see the headlines again and again and again.

“Lowest interest rates in 30 years…if you refinance your mortgage.”

You could save thousands OR it could cost you thousands.

Tune in as I interview the CEO and Co-Founder, Seth Burstein from Fortunately.io as we discuss all the mistakes you could make when refinancing your mortgage and how you can avoid them.

Seth shares his personal experience when he contacted his personal bank about refinancing his mortgage. You'll be shocked to hear their initial response.  

We also discuss some of the options you have when you've seen an increase in equity in your home.  Hint:  one option is a cash-out refinance.  

We also address when is the right time to refinance your mortgage.  Is there really a "best" time or is it always a good decision? What about steps you need to take before you refinance your home

Interest rates are still at historic lows so this podcast might be the answer you need for your own home refinance.

Other resources from GoodFinancialCents.com:

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode94.mp3
Category:general -- posted at: 11:23am CDT

Steve Adcock shares his amazing story of how he and his wife retired at the age of 35 to live the life that they want.

How did they do it?

“The majority of our spending was on food from the grocery store, housing, and internet.”  

Tune in to my interview with Steve for all the details of how he accomplished this and how you can get started today.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode93.mp3
Category:general -- posted at: 1:04pm CDT

“Never fear to make mistakes, be courageous enough to not repeat it.”

I’ve made a few mistakes in my life, some of those I’ve made again and again.

I learned from those mistakes.

As a financial planner, I’ve seen different clients making the same mistakes. Tune in and I’ll share what these common mistakes are and how you can avoid them.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Ep_92_4_investing_mistakes_.mp3
Category:general -- posted at: 9:23am CDT

“I just lay my heart out on the table, and people connect with that. Whatever business you are in, whatever you are doing, let people see that you are vulnerable, trusting, and just being honest.”

This is a brief snippet from a good friend of mine that was willing to come on the podcast and share an amazing journey that he has had.

This hasn’t been an easy journey, but because of grit and perseverance, this guy has found a way to thrive.

Tune in for the full interview and all the details of Jeff’s journey.

You can find Jeff Jones here: 

https://livinginmobile.com/

https://livinginmobile.com/meet-Jeff/

https://www.youtube.com/c/JeffJonesagent/featured

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Episode_91.mp3
Category:general -- posted at: 11:33am CDT

I’ve been a financial planner for over 16 years.  There is one  common question I’ve been asked over and over and over.

I mean a LOT…

Especially, based on the current interest rate environment. 

Tune in and I’ll share what this question and how I would answer it today.

Resource on GoodFinancialCents.com:

Best Short-Term Investments For Your Money

 

Check out my YouTube channel here.

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Direct download: Episode_90_-_Best_Short_Term_Investments.mp3
Category:general -- posted at: 4:43pm CDT

For all you parents out there, I am guessing you have a similar concern…..

Your children are going to grow up and be horrible with managing their money.

They will end up broke and moving back in with you!

Tune in this week as I share some information about a tool you can use to help your children learn to be better with managing their money. Let’s set them up for success!

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

 

Direct download: Ep_89_Greenlight_.mp3
Category:general -- posted at: 12:10pm CDT

I just finished a call where I was being offered a great opportunity.  As I considered the offer I realized this opportunity just wasn’t a good fit for me at this time.

I have several big goals that I am focusing on right now and although I appreciate the opportunity, being able to say no is a great feeling.

Having achieved financial independence or financial freedom, I have the option to choose.  

Tune in as I share what this opportunity was and why I decided to turn it down.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Ep88_-_Financial_Freedom_IRL_-_Turning_down_2000_per_Hour.mp3
Category:general -- posted at: 1:43pm CDT

I’ve been in the financial industry for over 20 years.

To this day, there is one piece of investing advice that still makes me cringe.

This is advice that you hear ALL the time.

Tune in as I share what this advice is, why I find it cringe-worthy, and so much more.

 

Check out my YouTube channel here.

Follow me on Twitter and Instagram

Direct download: Ep_87_-_Index_Funds.mp3
Category:general -- posted at: 10:42am CDT