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.

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.

 

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.

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

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.

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.

 

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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!

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.

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.

.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.

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.

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.

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.

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.

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.

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.

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.

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?

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?

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? 

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.

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:

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.

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.  

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.

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 . . . .

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.

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.

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.

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!

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.

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?

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?

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.

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.

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.

Becoming complacent to your financial surroundings could be the death of you.  Don't let it happen.  Here are the most common ways I see people being complacent to their financial situation. 

Most people are familiar with medical malpractice, but what about financial malpractice?  Unfortunately I've come across too many shady financial advisors that are guilty of this!  Here are two examples that I came across in the same week.

I am not a morning person.  Well, that is until I read the book, Miracle Morning, by Hal Elrod.

Now I routinely wake up at 4:30am and occasionally get up at 3:30am and my days are the most productive they've ever been.  What's the secret?  Find out as I interview Hal that shares the power behind the Miracle Morning.

The variable annuity could possibly be the worst investment know to man.  Here's 5 reasons why you should avoid these at all costs.

Barry Maher is a motivational speaker, author and self-made millionaire.  Despite all of his successes, he was flat broke at 37.  Instead of that ruining him, he used that situation to redefine who he is and strove to achieve greater things.  Learn how we was able to escape a dark period in his life to now being a highly recognized speaker and author

Not sure if you're financial advisor has your best interest at heart? If you're not sure, here are 8 warning signs to look out for.

I love setting goals. 4 years ago I made a drastic shift in how I set my goals and the results have been extraordinary.  Find out how in this podcast.

So I always get asked, "Do you know who you look like?".  I've been asked so many times that I used to it.  Dwayne "The Rock" Johnson is not a bad guy to be compared to, so I'll take it!  Here's 7 life lessons I've learned from him.  

Jake Thompson had a bigger dream that his current path was leading him towards.  That dream started with him selling t-shirts out of the trunk of his car. Punching fear in the face he now runs a very successful brand and apparel company, Competeverday.com.  Here's his story.

3 years ago I was a successful entrepreneur that was spinning my wheels everyday and needed something to help me make sense of it all.  I enrolled into Strategic Coach and it was THE best decision I've made for my business.  I now work less and make more than I ever have.  Here's why love Strategic Coach.

$1 Million is a lot of money but is really enough to retire on?

Ben Newman is a friend of mine that serves people helps them achieve great things.  I'm excited to share his story.

Haters going hate.  Don't let them bring you down and prevent you from following your dream.   Here's 4 examples where if I would have listened to haters I wouldn't be where I am today.

In this episode I interview Gerri Detweiler from Credit.com about common misconceptions that people have about their credit. 

Do you have an old retirement account and not sure what to do with it? In this podcast I take a look at a GFC reader question and help them make some tough decisions.

Do you have a lousy excuse for not saving for retirement?  If you used one of these, then you do.  Here are the top 17 excuses people have for not saving for retirement.

Listen up parents! Your kids college education is going to cost you a TON of money.  If you haven't started saving, it's time to start!

 One of the top personal finance podcasts, these guys make personal finance fun and entertaining.

If you won a $1 Million dollars, how would you invest it?  Here's what I would do.

Think budgeting is awful?  Think again!   Find out how Jesse Mecham of You Need a Budget makes budgeting cool. 

Do you have a dream of retiring early?  If you do, you better not be making these mistakes.

Jon Stein knew there was a better and easier way for people to invest.  Following his dream he founded Betterment.com which has almost 500 million under management.   Here's his story. 

Have you ever been pitched cash value life insurance as an investment?  Here's what you need before you buy.

What you need to know before you hire a coach.

 I'm not a fighter, but if there's something that boils my blood is a shady financial advisor that takes advantage of people.  Here are 7 real life examples to watch out for.

Jesse Keyser has building a franchising empire.  Here's the backstory of how he opened his first franchise and how it became so successful.

Annuities are one of the most mis-sold investments of all time.  Make sure you educate yourself before taking the annuity plunge.

Tom Ewer left the comfort of his 9 to 5 job to chase his dream.  Here's his story. 

Having been a financial advisor for over 12 years I'm seen my fair share of screw ups that retirees make.  Here's the top six.

Chris Ducker is the outsourcing kings.  He not only runs an outsourcing company that helps small business owners grow their business, he also has automated his own business to "buy back" more of his time so he can spend it doing what he loves.  

In this podcast we address the #1 question all consumers should ask before hiring a financial planner plus a behind the scenes look on how financial advisors are paid.

Liz Dialto went against the grain and decided to say screw grad school and instead invested into a $20k mastermind group.  Turns out it was the best investment of her live.  Here's her story.  

Learn how how I got my feet wet with investing. 

People are often victim to their own financial mindset. Here's how to break out and start working towards financial freedom.