Good Financial Cents Podcast (general)

I spent months preparing for this moment…..the moment where I turned in my resignation at the first and only real job I had as a financial advisor.

That experience has led to so many similar experiences where I was beyond uncomfortable.

Each one of these uncomfortable moments was necessary.  They were necessary for growth and change.

I’m going to share a few of these moments and talk about the changes and personal and professional growth that came about because of these moments of proactive discomfort.

Direct download: Episode_55_-_Wanna_Get_Rich__Proactive_Discomfort_is_What_You_Need.mp3
Category:general -- posted at: 11:56am PDT

If I buy Bitcoin and make money, do I have to pay taxes? Yes, yes you do.

If you are a Cryptocurrency investor, you have to be aware of the tax consequences.

Many think that the IRS either doesn’t care or they are completely unaware of capital gains related to cryptocurrency investing.

In today’s podcast I am going to answer some of the most common questions I get regarding cryptocurrency and taxes.

*This is not tax advice - please consult a tax professional.


It is one of the coolest things in the world…when you find money you didn’t know you had.

When you are doing something you enjoy, something you consider a hobby and then you discover there is a way to make some real money from this hobby—-SCORE!

If you have been paying attention on the YouTube channel, you may have seen that I have been collecting (I like to say investing in) sports cards.

I have been learning about and researching my investments (mostly via eBay).

Tune in while I dive into this strategy for a potential money making opportunity.

Direct download: Episode_53_-_Make_1000_or_more_on_Ebay_Arbitrage_Strategy.mp3
Category:general -- posted at: 12:00pm PDT

I can’t believe that this is legal! How much in taxes can we save?

What in the world is going on with Cryptocurrency? Everything seems to be spiking down.

The good news is ….we can save some tax dollars on our cryptocurrency investments.

Tune in and get all the info on the 100% legal tax hack with cryptocurrency investments.

*This is not tax advice - please consult a tax professional.

Direct download: Episode_52_-_Totally_Legal_Cryptocurrency_Tax_Hack.mp3
Category:general -- posted at: 10:00am PDT

So how did my Fundrise (crowdfunding real estate investment) do, compared to other options I could have used to invest my money?

So over a 3-year stretch, how did my investment do? What if I would have invested my money differently?

So $5,000 from 03/18 my average return is 8.1% (net return).

One option that I could have done is buying a real estate ETF. (Looking at you Vanguard).

How does your return compare to what else is out there?

Tune in and we will break it down for you.

Direct download: Episode_51_-_Fundrise_Returns_Part_2_.mp3
Category:general -- posted at: 10:00am PDT

I recently received an email congratulating me on my 3-year anniversary with Fundrise. I felt this would be a good time to dive in and share how my investments were performing.

In this episode I want to give an introduction to Fundrise; what it is, how it works, and how you can get started investing in real estate. We will also talk about the different investment strategies that Fundrise offers.

I’m also going to share the details of my Fundrise portfolio; my strategy, my initial investment amount, and my return on this investment to date.

Direct download: Episode_50_-_Fundrise_Returns_3_Years_Later.mp3
Category:general -- posted at: 7:41am PDT

I am getting so many questions about Cryptocurrency!

Everyone wants to know what am I doing and is crypto a viable investment.

I got into Bitcoin when it dropped down to around $7,000.  Since then, I have invested into Ethereum, Dogecoin, and a few others.

I am sharing my cryptocurrency investment strategy with you. I’m talking all about  how much I invested, where I invested, and how that is working out for me.

Direct download: 49_-_Dogecoin.mp3
Category:general -- posted at: 7:27am PDT

Oh, and did I mention this $270k is completely tax free?

Spoiler alert: This episode could relate to 401k/Roth IRA Conversions.

I’ll cover what I did, how I did it, and what that looks like going forward.

I am going to give you a quick refresher on the Roth IRA including, how to open an account, annual investment amounts, income limits, and other tips. I’ll also share a behind the scenes look at where I am investing.

Direct download: Episode_48_-_How_I_Turned_11000_into_270000_and_you_can_too.mp3
Category:general -- posted at: 8:50am PDT

What happens when you have a spouse/family member that has a large amount of debt, and passes away?

Is this debt now your responsibility?

This can vary based on the state where you live.

This could have a major impact on your financial health and/or your financial goals.

Tune in and I will cover some of the questions you probably have around unpaid debt of a deceased family member.


What in the ‘Doge’ is going on?

How does a joke turn into an investment that is up over 6,000% for the year?????

As a reference, Dogecoin is a Crypto currency that was founded as a joke, years ago. It has been sitting around $0.01 to $0.03.

This has been blowing up for a little while now and is trading for around $0.60 today (around $0.34 at the time of this recording).

I have been wanting to buy Dogecoin for a while but just haven’t acted on it.

Tune in and I will tell you more about what I did, and why.

Direct download: Episode_46_-_Dogecoin_is_only_up_64577_for_the_year_.mp3
Category:general -- posted at: 11:12am PDT

Do you want to become a millionaire? 

Before you can reach that goal, you have to do one thing.

If you are like me and so many other entrepreneurs, you probably have a ton of ideas on how to make your millions. Maybe you have narrowed down all of these ideas into one big vision.

Now you are faced with the problem of taking that first step. How do you get past that first big obstacle.

Tune in and I’ll share some great advice to help you find clarity and do this one thing.

Direct download: Episode_45_-_Becoming_a_Millionaire_Requires_This_One_Crucial_Step_.mp3
Category:general -- posted at: 10:12am PDT

I once walked out of my bank holding $10,000 in cash.  I thought the Feds were going to come knocking at my door to take me away!

Turns out if you withdraw $10k or more from your bank account you have to fill out special IRS forms. Another thing I learned is that you can not record bank transactions for YouTube videos!

The reason I went through all of this was so that I could record a video for YouTube to show you how to invest $10,000.

This is a great topic and one that never gets old.  Have a listen as I share how I invested my $10,000.

Direct download: Episode_44_-_How_to_Invest_10000_.mp3
Category:general -- posted at: 1:45pm PDT

68% of Americans do not have this one VERY important thing. 

The crazy part? One piece of paper can take care of it all!  It is really a lot easier to remedy than you may think.

Have you guessed what I’m talking about? Are you in this huge ‘don’t have’ group?

Tune in and I will tell you exactly what I am talking about, why it is so important, and how you can get this taken care of today!

Trust me, you don’t want to wait.

Direct download: Episode_43__68_of_Americans_Dont_Have_This_Simple_Fix_.mp3
Category:general -- posted at: 9:47am PDT

Can you really increase your productivity 1000%? 

Yes, yes you can.

I’m sharing one trick that I have implemented in my daily routine that keeps me focused, productive, and on track to achieve my goals.

Transparent moment: I have not done this in the last three weeks due to everything going on in my life. Trust me I have noticed a significant drop in my productivity.

I am getting back on track and will be implementing this one trick each and every day.  Can you join me and commit to adding this one trick to your daily routine?

Direct download: Episode_42_-_1000_Productivity_Increase_w__This_1_Trick.mp3
Category:general -- posted at: 9:54am PDT

One thing I have been doing with my children is making sure they have a financially sound future.

I am spending time teaching my children how to earn money, save money and invest their money.  I set up a custodial account and purchased one share of stock for each of my two oldest sons.

My two oldest sons got to pick some of their own stocks and together we set up an account on stockpile for each of them.

I’m sharing all the details regarding tax advantages, setting up a custodial account, and how and when to transfer these accounts to your children.

Direct download: Episode_41_-_How_To_Make_Your_Kids_Future_Millionaires_.mp3
Category:general -- posted at: 7:34am PDT

When I launched my first online course, I had no idea what I was doing.

I still netted over $200,000! (The sales rolled in over a two-year time period.)

Having no idea what I was doing, I looked to someone that I admire, Ramit Sethi.  I remember how impressed I was with the first course he put together. 

The first thing I had to do was decide what I wanted to teach with my course. I kept procrastinating until I finally had that light bulb moment. People were already paying me one-on-one to learn how I started my blog and attracted new clients with online marketing.

Tune in and I’ll share more in more detail the process I went through when creating this course.

Direct download: Episode_40_-_How_I_Made_200k_Selling_My_First_Online_Course_-.mp3
Category:general -- posted at: 9:08am PDT

I have gone on an investing ‘shopping spree’!

On today’s episode I want to share with you what I have been putting my money into.

I’ve been sitting on a ton of cash for quite a while now and it was well beyond time to start putting that cash to work for me.

One of the things I’ve started putting more money into is crypto currency.  Tune in and I’ll give you the details on this and some of my other recent investments.

Direct download: Episode_39_-_What_Im_Buying_Right_Now.mp3
Category:general -- posted at: 10:27am PDT

I recently shared one of the hardest things I’ve ever had to go through.

My father-in-law passed away.  It has been really hard not just for me but my wife and my children.

Having just gone through this with my in-laws, I wanted to share some things that I think you need to address.

Tune in and I will share in more detail what you need to get in order today.

Direct download: EDITED_Episode_38.mp3
Category:general -- posted at: 7:30am PDT

Can you really make $600,000 a month selling shoes?

I was on a hunt for a particular pair of Jordan’s and discovered a website called StockX.

This site has a ton of brand new, hard to find sneakers. Using the StockX app, you can buy and resell shoes and make a killing!

Tune and I’ll share the details of how to buy and resell for big profits.

Direct download: Episode_37_-_Make_Money_Selling_Sneakers_.mp3
Category:general -- posted at: 9:11am PDT

I’ve never been bungee jumping, skydiving, or hang gliding, and I’ve never swam with sharks.

Despite this, I do consider myself a risky individual, I like to take risks.

I have taken plenty of risks with my investments, my business, and my personal life.  I’ve learned that if you are not willing to take some risks you are not going to achieve exponential results.

Tune in and I’ll share how I have benefited from taking calculated risks with my business and financial investments.

Direct download: GFC_Podcast_36-_Build_Wealth_by_taking_risks.mp3
Category:general -- posted at: 7:24am PDT

I can’t tell you how good it is to be back!

I’ve been down and out for a bit with Covid, Ice Storms, and other things going on over here.

Today’s episode is all about taxes - what you can do and what you can’t do to maximize tax savings.

Almost half of Americans started working from home last March. Because of this many of you had to buy new office furniture, equipment, etc.

Unfortunately, you may not be able to ‘write off’ a lot of these things.

Tune in and we will talk about those expenses and how to handle them.

Direct download: GFC_35_-_Taxes_taxes_taxes_.mp3
Category:general -- posted at: 9:07am PDT

Yeah…..I go the Covid.

I wanted to hop on and share my experience with anyone that may be worried about getting Covid.

I don’t take it lightly. Just recently my mother-in-law lost both of her parents to Covid.

I really don’t know how I got Covid, we do have 4 kids that are attending school.  My oldest son tested positive and showed mild symptoms, within a few days we had the entire family tested.

Let me tell you how that is going in my house right now.....

Direct download: 34_-_I_Got_Covid.mp3
Category:general -- posted at: 10:00am PDT

I like Twitter, it’s fun.  It can get a little crazy sometimes. Here’s an example….

I recently published an article on Forbes ‘The Best Side Hustles for 2021.’ One of those ideas was to become a social media manager. This article was shared on Twitter.

I started getting tagged in tweets and retweets that basically all said I didn’t know what I was talking about.

Some of these people were really, really offended by my article.  Tune in for the full story.

Direct download: 33-_fight_on_twitter_with_social_media_managers.mp3
Category:general -- posted at: 8:22am PDT

You won’t believe the tool I use to achieve almost 100% of my goals.

The best part, this tool only costs $5.99.

I just launched a new course last month that is all about goal setting. Most of the things I am teaching in this course are things that I have learned through courses, coaching programs and mentoring programs that I have completed.

Tune in and I’ll share a little more about this and more details on the tools that I use to achieve my goals.

Direct download: Episode_32_-_Top_3_Tools_For_Goal_Setting_Greatness.mp3
Category:general -- posted at: 9:18am PDT

I recorded this video almost an eternity ago when #Bitcoin was only worth $31,000.  And, as of today, it passed $40k 😳

I was in denial about Bitcoin. I did not have any intention of investing in cryptocurrency.  I changed my mind and I am glad that I did.

Tune in and I’ll share:

What is Bitcoin trading at right now?

What are the main factors behind the growth of Bitcoin?

  • More mainstream acceptanc
  • Larger institutional investors are pumping money into Bitcoin

Should you invest in Bitcoin?

Bottom line, do what works for you.

Direct download: Episode_31_-_Bitcoin_is_Really_Worth_400k_.mp3
Category:general -- posted at: 10:34am PDT

Are you guilty of spending $199 on a cheeseburger? There is a high probability that you are.

During the pandemic food deliver apps like GrubHub and Uber Eats grew in popularity.

I know my household made use of these apps frequently.

When you factor in all the service fees, delivery fees, and markup on menu items a $10 meal can quickly double or triple in price.

Imagine if you invested that money in stocks instead burgers.

Direct download: Episode_30_-_The_199_Cheeseburger_Isnt_Worth_It_.mp3
Category:general -- posted at: 8:32am PDT

What is going on with Robinhood?

They are in the news for all the wrong reasons.

I am a Robinhood client, I have an investment account, and I really like how easy it is to set up an account and get started investing.

Now it looks like they are making some pretty big changes.  Tune in to this episode and I will talk about some of these changes.

Direct download: 29-_Robinhood_Scandal.mp3
Category:general -- posted at: 9:40am PDT

I don’t know about you, but my mom is a ‘baby boomer’ and she comes from a generation where technology can be a bit challenging. You want to make sure you listen to this Podcast, you may want to send it to your mom too!

That generation is at a high risk for online scams.  It is so easy for people to get your information online through social media, etc.

I can only imagine how these finical scams will grow during this pandemic with unemployment scams, stimulus scams, credit hacks, etc.

Be careful out there, and let your loved ones know the signs to be wary of - I will share some of the things you should  watch for in this podcast. 

Direct download: Episode_28_-_Beware_Latest_Covid-19_Scam_May_Target_You_.mp3
Category:general -- posted at: 10:00am PDT

A lot of the people that contact me through this channel or through the blog, have one key thing they are trying to achieve.

Success.

Whether they are trying to become an entrepreneur, trying to invest, trying to become a millionaire, etc., they all want to be successful in what they are building.

There are some key habits that you have to follow.

If you don’t, you are going to find yourself stuck.

Tune in and I will share the four key habits (referability habits) anyone that wants to be successful needs to execute on a daily basis. 😎

Direct download: 27_Referability_Habits_.mp3
Category:general -- posted at: 9:43am PDT

I don’t get made very often, but there are some people that I would love to punch in the face.

This ‘advisor -life insurance agent’ definitely makes my list.

I earned about this from a message I received from one of my viewers and I’ve had a little time to simmer.

Tune in and I’ll tell you how this advisor ripped off his client  for $612,025. 

Direct download: Episode_26_-_Life_Insurance_Scam.mp3
Category:general -- posted at: 8:19am PDT

What if you could go to your mailbox and find $1,000 every single month?

This is a dream that could come true for you.

Passive income really is a thing.  Tune in and I’ll share 10 different ways you can make $1,000 per month.

Which one are you going to pick to start making passive income? 

If you’ve already started - what is the next thing that you are going to try to add more income streams?

Direct download: Episode_25_.mp3
Category:general -- posted at: 10:00am PDT

I was recently asked to give my thoughts on four simple steps to increase your credit score. Two of these are pretty stupid.

You don’t want to obsess over your credit score, but you do need to be aware of your score.

Tune in while I break down these four simple steps that were shared with me.

I will am going to let you know which of these tips could be good for you and which ones to ignore.

Direct download: Episode_24_-_Improve_Your_Credit_Score_Before_2021_.mp3
Category:general -- posted at: 10:10am PDT

Can you really add multiple income streams during a pandemic?

Yes, you can and I am going to tell you how.

If you Google ‘side hustle’ you will get more than 80 million results.

Before the pandemic ‘side hustle’ was trendy, now it is a necessity for some.

2020 is coming to an end!!!

Just because it is almost over, that doesn’t mean you don’t have time to add some additional streams of income.

Today I am going to share 4 action steps you can implement today to start earning additional income.

Direct download: Episode_23_-_How_to_Make_Multiple_Income_Streams_During_Pandemic_.mp3
Category:general -- posted at: 7:48am PDT

It is time to Grow Your Dough!

I have to apologize for bringing you in at such a late stage, so let me explain what this is all about.

The Grow Your Dough Challenge started on the blog a couple of years ago.  I had a contest between other bloggers where we each took $1,000 and invested any way we wanted.  At the end of the year we took a look to see who did the best job with their investments.

Last year I took this challenge to YouTube. This was a great way to show people how easy it is to get started investing.

With all that has gone on in 2020, I got a little behind on my updates. 

Let’s dive into the challenge and my results.

Direct download: Episode_22_-_Grow_Your_Dough_Update_-_Some_BIG_Moves.mp3
Category:general -- posted at: 9:41am PDT

There have been many surprises with Covid-19, I didn’t expect this one!

I was curious how Covid-19 may be affecting life insurance.

Is this one of those things that people haven’t been paying for, due to other expenses? 

Is this something that people are more interested in purchasing during this time?

I decided to do a little research.  Tune in to find out what I learned.

Direct download: Episode_21_-_How_Covid-19_Affects_Your_Life_Insurance_Policy.mp3
Category:general -- posted at: 10:49am PDT

Who doesn’t want to make money while sitting around in their PJs?

We are still dealing with this pandemic, it is just not going away. I have talked to so many people who are working remotely during this time.

Beginning in February about 3.4% or workers were home based.  By early April this number increased to 57%.

Today I want to talk about some of the best online jobs out there right now.

Direct download: Episode_20_-_Best_Online_Jobs_to_Make_Real_Money_.mp3
Category:general -- posted at: 10:50am PDT

You won’t believe how much people used to pay to buy and sell stock.

Now you have so many different platforms that will allow you to buy/trade for free.

There are also platforms that will give you free stock when you open an account.

I want to share some of these options with you today.

 

Direct download: Episode_19_-_How_to_Buy_Stocks_Online_For_Free_.mp3
Category:general -- posted at: 7:49am PDT

Why I got into an argument on Twitter and why I STILL think I’m right….

At the time of this recording (Nov. 4th)…we still didn’t know who our President was going to be.

I tweeted …’Fact - it doesn’t matter which man wins President today.  Only YOU can make yourself work harder and build wealth.’

One of my followers took great offense to this, listen now for all the details.

If you say the wrong thing, you can be taken down in an instant.  Years of credibility can be washed away.

Direct download: Ep_18_-_I_Got_Into_a_Fight_on_Twitter_About_Politics_.mp3
Category:general -- posted at: 8:10am PDT

Today we are talking about something we haven’t talked about in a while….Passive Income.

We all know that making passive income is not that easy. It takes time.

I came across an article in Forbes that says you can make $940/month with 3 simple steps.

I’m going to talk about these three steps and share why I think it may not be that simple.

1. Open a brokerage account

2. Buying a closed end fund

3. Sit back and wait

Direct download: Episode_17_-_How_to_Make_940_Per_Month_in_Passive_Income_.mp3
Category:general -- posted at: 7:04am PDT

Your credit score just hit the highest it has ever been!

Should you be excited?  Maybe not.

Has the stimulus package affected your score?

Have your pandemic spending habits affected your score?

Tune in and I will give you some insight on what we have seen happening with credit scores during the pandemic.

Direct download: Episode_16_-_What_Happened_to_Your_Credit_Score_.mp3
Category:general -- posted at: 7:35am PDT

The S&P has averaged between 10%-11% return but I actually have 10 investments that have made me more.

Considerably more.

Tune in and I will tell you all about these investments.

If you want to accelerate your wealth, it requires you to do something a little different.

 

Im3etg5M6H7gMCBWQUU1

Direct download: Ep_15_-_10_Investments_That_Make_Me_More_Than_Index_Funds.mp3
Category:general -- posted at: 7:03am PDT

If you have absolutely no money to invest…this is the podcast for you.

A common question I get on the blog and on the YouTube channel is:

⁉️ How do you start investing when you don’t have money? ⁉️

Today I am going to share 6 investments that you can start  right now (the same six I started doing myself).

Tune in and see how you can start investing today!

Direct download: Ep_14_-_Investing_When_Broke.mp3
Category:general -- posted at: 9:13am PDT

If you truly want to build wealth, you may want to tune out what your financial advisor has to say.

If you want to build wealth, you can do that by investing into a Roth IRA. But, if you want to truly grow your wealth, then you need to explore some of these other options.

Tune in for 9 ways you can start building your wealth today.

Direct download: Episode_13_-_Build_Wealth_Really_Fast_.mp3
Category:general -- posted at: 7:37am PDT

Say it ain’t so! 

This is a platform where I was averaging North of 12% return.  Now it doesn’t even exist.

Someone recently asked over on the YouTube channel: ‘What Happened to Lending Club?’

Lending Club recently announced that they are no longer doing peer-to-peer lending.

Listen in for all the details on their recent changes.

Direct download: Ep_12_-_What_Happened_to_Lending_Club__.mp3
Category:general -- posted at: 9:00am PDT

.01% - That is how much my bank (a National bank) is paying on their savings accounts…on any amount of money.

I can remember when most savings accounts were paying at least 5.0% interest (about 10 years ago).

Seems like you just can’t make money on cash these days….or can you?

What if I told you that you could make up to 8.6%?

Tune in and I will share the details with you.

Direct download: Episode_11_-_BlockFi_Savings_Accounts.mp3
Category:general -- posted at: 8:48am PDT

I know most of you are counting the days until 2020 is OVER.

I hope that during the quarantine, lay-offs, etc. you were able to find a way to capitalize on that extra time you may have had.

I’m talking about a side hustle.  Something that you could do to make some extra income.

In today’s podcast I want to share 12 different side hustle’s that you can take a look at and implement today.

Direct download: EDITED_Ep_10_-_Top_12_Side_Hustles_of_2020.mp3
Category:general -- posted at: 9:31am PDT

Imagine being stuck with over $44,000 of debt.

Then you stumble on a side hustle that allows you to earn an extra $3k a month to pay off that debt in a short amount of time.

Today we are going to talk to someone who did just that.

It has been a while since I have interviewed anyone for a podcast.

Today I will be talking with Robert Farrington.

Robert is with the College Investor - he is known as the Millennial Money Expert.

Direct download: EDITED_Ep_9_-_Robert_Farrington_Interview_.mp3
Category:general -- posted at: 8:41am PDT

Do you have any idea how much it costs to get an MBA from Harvard?

There is a long list of fees: tuition, student health fee, student health insurance, course and program material, room and utilizes, living expenses, etc.  Add all of these costs together and we are looking at $111,000 per year.  It is going to take you TWO years. 

I have to ask…..is there something better?  I think there is.

So what do I think is better than a Harvard MBA?  Starting a blog. Yes, a blog.

When you get started you are not going to be making tons of money.  But it is something you can do in your spare time. Even better, it doesn’t take a lot of money to get started.

Here are the key principles I learned by starting my blog:

1.  How to start a business
2. How to build a thriving network
3. How to be a better communicator
4. How to market yourself
5. Learned high income skills
6. How to scale a business

Yes! Blogging is definitely my preference.  But as I mentioned, you don’t make a lot of money in the beginning.   If you stick with it and publish quality content you will get there.

Direct download: Ep_8-MBA_vs_blogging_.mp3
Category:general -- posted at: 9:24am PDT

How to turn something really good into something really awesome.

I’ve enjoyed talking about FIRE so I thought I would mention how some that follow the FIRE movement have ventured into the entrepreneurial world.

This includes a group that has found financial independence and have left the traditional workspace.  They have not necessarily retired because they continue to find different ways to earn additional income.

Direct download: Ep_7_FIRE_Redefined.mp3
Category:general -- posted at: 2:52pm PDT

What does financial independence mean to me?

Here are some of my thoughts/views around financial freedom or financial independence:

Financial independence is not about:

Making the most amount of money you can make
The balance in your bank account
The kind of car you drive
How big your house is
How much you spend
Where you spend vacation
How much you make from your job

Financial independence is all about choices. It is about being able to choose where you work and what you work on. Choosing where you live and who you live with. Choosing where and how often you travel.

For me, it is all about doing what I want, when I want, and with who I want.

We travel a lot.  We don’t have to stay in 5 star hotels, but we do want a comfortable place to stay where everyone has some space.

Direct download: Ep_6_Financial_Independence_Means_to_Me_.mp3
Category:general -- posted at: 1:40pm PDT

Maybe I don’t like the FIRE Movement, but I don’t hate everything about it.

Today I’m sharing the principles that I respect about the FIRE movement:

  1. It forces people to live with intentionality.
  2. It puts emphasis on focusing on the things you can control.
  3. It forces discomfort.
  4. It forces you to know your numbers.
  5. The idea and the concept of contentment.

Which one of these principles do you like? 

Is there something you like about the FIRE movement that I didn’t share? Let me know.

Direct download: GFC_Ep_5_Fire_Movement_Love_Part_2__Copy.mp3
Category:general -- posted at: 1:04pm PDT

This may come as a surprise, as it is a little known fact…

I have always hated the FIRE movement.

For those of you that don’t know what the FIRE movement is….it is  ‘Financially Independent Retire Early.’

This is a movement that has been around for a while, but has picked up a lot of steam over the last 8-10 years.

The first time I heard of this movement was back in 2012.

So why do I have such a bad taste in my mouth for something (financial independence) that I’ve been teaching and sharing in my videos?

In this episode I am going to share 7 key reasons why I hate the FIRE movement.

Direct download: Why_I_Hated_the_FIRE_Movement.mp3
Category:general -- posted at: 8:22am PDT

My idea of building wealth at an accelerated rate didn’t start until I read Rich Dad Poor Dad. 📚

This book gave me the motivation and the inspiration to make it happen, but I had to figure out on my own how to make it work.

I created the M.O.R.E. Method as a framework to help you get started.

The first M = Mentor, the second M = Mastermind Group

The first O = Open (an investment account), The second O = Open (a personal equity fund)

The R = Research

The E = Execute and Enjoy

As you go through this M.O.R.E. Method I want you to have a goal of making that first $100 and not stopping until you do. 😊

Do you want to make more?  Have you implemented these steps?

Direct download: EP_3_How_I_Turned_100_Into_Millions_Using_The_M.O.R.E._Method_.mp3
Category:general -- posted at: 10:31am PDT

What do the rich people really invest their money into?

You may be surprised! It’s not all about the Hedge Funds or private equity.

What I learned from watching and following other really successful people is that to I needed to invest my money/time into accelerated learning.

Here are 5 ways you can approach this:

  1. Reading self-development books
  2. Investing in a physical or digital course
  3. Mentors
  4. Mastermind Groups
  5. Build relationships

Did those answers surprise you?  Were you expecting portfolio summaries and business venture highlights?

Direct download: EP2-_5_Things_Wealthy_People_Invest_Their_Money_Into_.mp3
Category:general -- posted at: 10:59am PDT

We all want to make the highest return possible with the lowest amount of risk.

How do you do that in this crazy market?

For me, following the barbell investing strategy is what works.

Here are a few key principles you need to know about the barbell investing strategy:

1. Cash is always king 

2. Having the right insurance 

3. Low exposure to stocks and bonds 

4. High Risk Investments

5. Bring It Home 

What do you think about this strategy?

Is this something you could rally behind? 

Direct download: EP1-The_Barbell_Investing_Strategy.mp3
Category:general -- posted at: 9:18am PDT

David Bach is a New York Time's Best Selling Author with over 7 million copies sold. I get a chance to sit down with him and learn more about his journey from leaving a $700 million fee-based practice to chase his dream of empowering 1 million women to become smarter with their money. You'll also learn how he finally got featured on Oprah, what it was like to take a 18-month sabbatical and why he strongly believes everyone should take a 6-week sabbatical and his crazy 3 year goals.

Direct download: GFC099.mp3
Category:general -- posted at: 6:38am PDT

Retirement rarely happens by accident. For most people, leaving the workforce is the result of a slow climb. Specific moves are made in advance to make sure financial resources will be sufficient later in life and are tucked away somewhere safe. Here are six important action steps to prepare for retirement:

Direct download: GFC_098_6_Steps_Before_Retirement.mp3
Category:general -- posted at: 8:00am PDT

Would you choose $2,000 cash or a magical penny?  You'll be surprised to know that choosing the cash is wrong.  Find out more on the latest GFC podcast.

Direct download: GFC_097_Magical_Penny.mp3
Category:general -- posted at: 7:39am PDT

Since launching my blog in 2008 I've been amazed at how much opportunity it has given me. I love blogging so much I think everyone should start one! If you're interested I outline the exact steps I used to make my first $1,000 from blogging.

Direct download: GFC_096__Make_1k_Challenge.mp3
Category:general -- posted at: 7:46am PDT

In the latest GFC podcast, I share 5 money hacks that will save me AND make me $4.1 million dollars.  The best part is these are money hacks anyone can do.

Direct download: GFC_095_Money_Hacks_.mp3
Category:general -- posted at: 5:39am PDT

Not knowing this tax strategy could cost you big bucks if you own stock in your retirement account.  Net Unrealized Appreciation (NUA) can save you thousands and thousands of dollars if implemented correctly.

Direct download: GFC_094_NUA.mp3
Category:general -- posted at: 9:03am PDT

A retirement dress rehearsal is important because it will be your first chance to see if you can actually live on your expected retirement income - and give you time to fix it if you can’t.

Direct download: GFC_093_Retirement_Dress_Rehearsal_.mp3
Category:general -- posted at: 7:04am PDT

Rolling over your 401k seems simple enough, right?  In some situations it can be.  In others, rolling over to soon could cost thousands of dollars.  Here's 9 dangers you need to know before you roll over your 401k.

Direct download: GFC_092_401k_Dangers_.mp3
Category:general -- posted at: 11:15am PDT

I love Dave Ramsey.  His book, Total Money Makeover, is one of the best personal finance books I've ever met.  Typically, I agree with all his advice but eventually disagreed with this one thing.  And this one thing will probably make him think I'm nuts!

Direct download: GFC_091_Dave_Ramsey_.mp3
Category:general -- posted at: 9:44am PDT

After you retire the IRS is going to eventually come for their tax money out of your retirement account.  Here's what you need to know about Required Minimum Distributions.

Direct download: GFC_90_RMD.mp3
Category:general -- posted at: 3:21am PDT

It's reported than 1 out of every 5 Americans are not saving anything at all.  There #2 reason for not saving was "they hadn't got around to it" otherwise known as being lazy.  Stop being lazy!  We share 3 strategies that even a lazy person can do to boost their savings immediately.

Direct download: GFC_089_Stop_Being_Lazy_.mp3
Category:general -- posted at: 8:35am PDT

Before you retire you have to consider how your lifestyle is going to change.  Here are 3 lifestyle decisions you'll have to make before you retire.

Direct download: GFC_088_3_Lifestyle_Decisions_for_Retirment_.mp3
Category:general -- posted at: 10:19am PDT

If you didn't know this about me yet, I love blogging!  It's why I invest so much time into GoodFinancialCents.com.  On this episode I interview Jason Patterson, the CEO of Growth360 who partnered with me on my blog in early 2015.  Learn more about our funny partnership and how we've been able to see exponential growth in 2 years.


In the latest GFC podcast we highlight real life case studies of investors that should have never bought an annuity and 3 real life case studies when they made absolute sense.

Direct download: GFC_086_Annuity_.mp3
Category:general -- posted at: 7:57am PDT

If you have a student loan, then paying it off as fast as possible is probably your goal.  What could derail you is a lot of bad information and deceptive companies looking to get the best of you.  That's why I interviewed the team from Credible.com to give you the 7 dangers you need to watch out for with your student loans especially if you're looking to refinance.

Direct download: GFC_085_Student_Loans_Credible_.mp3
Category:general -- posted at: 8:40am PDT

Life insurance shouldn't be complicated.  Unfortunately, we see a lot of families that make huge mistakes with their life insurance planning which could have horrible consequences.  Are you making one of these 4 costly mistakes?  Find out by listening to the latest show.

Direct download: GFC_084_4_Life_Insurance_Mistakes_.mp3
Category:general -- posted at: 3:33pm PDT

Imagine you have $1.5 million dollars sitting in cash?  Good problem to have, right?  Well, this investor is actually dealing with this and has a rough idea on what he plans on doing with it.  Unfortunately, it's not the BEST thing to do with his money.  Find out his strategy and what we suggest on the latest Good Financial Cents podcast.

Direct download: GFC_083_I_Have_1.5_Million_in_Cash_-_What_Should_I_Do_edited.mp3
Category:general -- posted at: 5:09pm PDT

Having over $1 million of investments is quite the accomplishment.  But with inflation, rising costs of healthcare and lifespans increasing, $1 million doesn't stretch as far as it used to.  So when this potential client came in to see if he could retire with his $1million plus portfolio, we had to tell him not once but twice that he couldn't retire.  Here's why.

Direct download: GFC_082_1_Million_Cant_Retire_.mp3
Category:general -- posted at: 2:11am PDT

Ever since I read Rich Dad, Poor Dad when I was 23 years old I knew I wanted to obtain multiple streams of income.  After a long journey and a few failures along the way I can now proudly say I have 7 different forms of income.  Here's a breakdown of what they are and how I was able to achieve each of them over the years.

Direct download: GFC_081_My_7_Multiple_Streams_of_Income.mp3
Category:general -- posted at: 8:35am PDT

2016 is a wrap.  Here's a look on some of my biggest accomplishments and what I'm excited for in 2017.

Direct download: GFC_80_-_2017_Goals_.mp3
Category:general -- posted at: 10:46pm PDT

How well do you know your money situation?  So well you can answer these 5 questions?  We identify 5 questions that most people should be able to answer about their money but can't.

Direct download: GFC_079_5_Money_Questions_You_Should_Be_Able_to_Answer_.mp3
Category:general -- posted at: 6:24am PDT

For many baby boomers pensions are still a thing.  And it's a "thing" that will have a huge impact on your retirement years.  That's why trying to decide whether to choose the lump sum options vs. lifetime payout is a decision which requires a lot of thought and research.  Here's 4 important considerations to help you decide.

Direct download: GFC_078__Pension_Decision_.mp3
Category:general -- posted at: 10:30pm PDT

Is there another way to protect your portfolio without buying an annuity?  There sure is and we share how this cutting edge technology can protect you today.

Direct download: GFC_077_How_to_Protect_Your_Portfolio_Without_Buying_an_Annuity.mp3
Category:general -- posted at: 6:45am PDT

If you want to become wealthy, changing your mindset on this one monthly payment will be the difference between achieving financial independence or not.

Direct download: GFC_075_The_Wealth_Killer_.mp3
Category:general -- posted at: 9:44am PDT

You know long term care insurance is important but it's hard to justify the cost, especially if you don't use it.   Jeff Rose, CFP, CEO and Andrew Rogers, Director of Financial Planning, discuss 3 long term care insurance alternatives most consumers aren't familiar with.

Direct download: GFC_075_LTC_Part_III_.mp3
Category:general -- posted at: 8:12am PDT

In this second episode of a 3 part series, Jeff Rose, CFP, CEO and Andrew Rogers, Director of Financial Planning discuss the payment options you have paying for long term care and the biggest misconception most people have on who's fitting the bill.

Direct download: GFC_074_LTC_Part_2_.mp3
Category:general -- posted at: 8:06am PDT

In this episode, Jeff Rose, CFP, CEO and Andrew Rogers, Director of Financial Planning, outlines the costs that go along with long term care facilities.  This is Part 1 of a 3 Part series where they break down everything you need to know about long term care and ways to pay for it.

Direct download: GFC_073__Long_Term_Care_Part_I_.mp3
Category:general -- posted at: 7:57pm PDT

Many investors fear the stock market and are looking for ways to protect your principal while investing.  But can it really be done?  Jeff Rose, CEO, and Andrew Rogers, Director of Financial Planning outline 6 investment strategies that allow you to make some return while also protecting your principal.

Direct download: GFC_072_Principal_Protection__.mp3
Category:general -- posted at: 7:14am PDT

Annuity Illustrations can make almost any annuity look good.  Make sure you COMPLETELY understand what you are looking at. In this episode, Jeff Rose and Andrew Rogers, Director of Financial Planning, share a recent meeting where an annuity illustration was presented to a client where the numbers were just too good to be true.

Direct download: GFC_071__Annuity_Illusions__.mp3
Category:general -- posted at: 10:40am PDT

You're The Average Of The Five People You Spend The Most Time With. - Jim Rohn

When's the last time you evaluated who you spend the most time with?  If you're not on the path you want to be in, it might be time to take a long hard look who influences your decisions.

Direct download: GFC_070.Mastermind.mp3
Category:general -- posted at: 3:23am PDT

So often investors are sold annuities and have no idea why they own them.  Like any other investment, you need a basic understanding of how that fits into your financial plan.

Direct download: GFC_069_Annuity_Why_.mp3
Category:general -- posted at: 11:07pm PDT

Summer is here, which conjures images of swimming pools, hot dogs on the grill, and epic whiffle ball games.

There’s nothing I look forward to more than warm, lazy summer days.

You can’t talk about summer without talking about a summer vacation.

That’s why incorporating an epic road trip as part of your summer agenda is a must.

Before you embark on your own version of the Griswold’s trip to Walley World, here are seven musts to make your family road trip epic.

Direct download: GFC_068_Epic_Road_Trip__.mp3
Category:general -- posted at: 1:30am PDT

My firm meets with investors all the time and it never fails they are making some of the same mistakes.  
Taking a step back and reviewing all the commonalities we've recognized the top 7 common mistakes that are being made.  Here they are as well as solutions on how to correct them.  

Direct download: GFC_067_Investor_Mistakes_Planning_For_Retirement_.mp3
Category:general -- posted at: 8:00pm PDT

In present day I’m a successful financial advisor and entrepreneur.
Based on some of the boneheaded money decisions I made in my 20’s it is a miracle I can even say that.
I’ve definitely learned from many of those mistakes, but if I had the chance to hop in a DeLorean and go back in time, here’s 7 money lessons I would love to give to myself.

Direct download: GFC_066_Money_Lessons_.mp3
Category:general -- posted at: 7:25pm PDT

How often do you think about your future self?
Often? Seldom?
Wherever you’re at on that spectrum, my bet is that you’d be better off thinking about your future self more often.
Before you do anything, it’s helpful to ask yourself: “Is this going to benefit me more now or in the future?”

If your answer is that you’ll be benefited more now, you may want to reconsider your options.
You can apply this advice to many different areas in life, but let’s focus on how it can help you manage your money better and make you a better investor.
Here are several ways to prevent your 70-year-old self from hating you . . . .

Direct download: GFC_065_5_Ways_70_Year-old_Self_Hate_You_.mp3
Category:general -- posted at: 6:26pm PDT

Learn the story of how Pat Flynn went from being laid off from his dream job to turning that into an online business that has made him millions. Much of his success is contributed to simple processes he goes through before he launched any new business venture with he outlines in his new book, Will It Fly.

Direct download: GFC_064.mp3
Category:general -- posted at: 2:31pm PDT

If you have a chunk of money that you new that would never need, would rather give a good portion of it to the IRS? Or would you prefer to pass it on to your heirs or a desired charity? In this podcast I share a case study of real life client example dealing with this situation.

Direct download: GFC_063__IRA_Strategy_.mp3
Category:general -- posted at: 4:30am PDT

One of my favorite times of the year is setting my goals for upcoming 12 months.  It allows me to reflect on what I accomplished in the previous year as well as how I'm going to get the New Year started right.

Direct download: GFC_062_Goals.mp3
Category:general -- posted at: 10:22am PDT

When a client brought her 16 year-old son in the office to introduce him to the basics of investing, I was excited to show him these numbers. His mind was blown away!

Direct download: GFC_061_16_year-old_.mp3
Category:general -- posted at: 2:45am PDT

When I was in the military I made a ton of mistakes with my money. Turns out I'm not the only one that does. I'm joined by fellow CFP Mary Beth Storjohann who's a military spouse and currently writes for Forbes on military financial issues.

Direct download: GFC_060.mp3
Category:general -- posted at: 7:30am PDT

In over 13 years of helping people achieve financial confidence and retire comfortably, here are the top 7 mistakes I see people make. Are you making one of these mistakes?

Direct download: GFC_059_Top_7_Mistakes_For_Retirment_.mp3
Category:general -- posted at: 4:09am PDT

In over 13 years of helping people achieve financial confidence and retire comfortably, here are the top 7 mistakes I see people make. Are you making one of these mistakes?

Direct download: GFC_058_Financial_Behavoriors_for_Kids_.mp3
Category:general -- posted at: 4:41pm PDT

Confidence is a characteristic that we all can have. For those that lack confidence, following these 3 simple steps will give you the boost that you've been seeking.

Direct download: GFC_057_Financial_Confidence.mp3
Category:general -- posted at: 7:56am PDT

I've been a financial advisor for 12 years now and here it was I contribute to my success in one of the most difficult careers to survive.

Direct download: GFC_056_Successful_Finanicial_Advisor.mp3
Category:general -- posted at: 5:55am PDT

I'm a self-made millionaire. That's not something I've shared until recently. In our society it's often frowned upon to say something like that. It's not something I'm ashamed of. In fact, it's something that I want to encourage my sons to strive for. But NOT for the money. It's actually has nothing to do with the money and more on the life principles that goes with striving for success. I share those 9 principles on the latest GFC podcast.

Direct download: GFC_055_9_Life_Lessons_Millionaire_.mp3
Category:general -- posted at: 6:29am PDT