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

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: 9:37am CDT

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: 11:00am CDT

.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: 10:48am CDT

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: 11:31am CDT

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: 10:41am CDT

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: 11:24am CDT

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: 4:52pm CDT

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: 3:40pm CDT

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