Tue, 20 December 2022
What’s going on GFC Fam and Wealth Hacker Nation!
Wanted to give everyone an update on what has been going on with the Podcast, the Blog, and the YouTube Channel.
You may have noticed that the episodes have been sporadic in the last couple of months.
There have been a lot of things going on in the business over these months.
A big event just happened in my life a few weeks ago. I went to my bank and sent the largest wire I’ve ever sent in my life.
I sent this wire to a former business partner. This wasn’t necessarily a horrible thing, just a change.
It has been 5 years since I have been a solopreneur, or just me without any partners.
It feels so good to have Good Financial Cents to myself again. I feel like I have my baby back!
I want to thank you all for being a part of my community and following along with my journey.
Stay tuned for some exciting new changes!
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Wed, 30 November 2022
"The amount of money you helped us save on that deal alone — paid for coaching." - Charles Rose, Jr.
When you see someone that has achieved a certain level of success that seems improbable - how often do you hear ‘They just got lucky.”
I’m here to tell you luck only finds you if you are willing to take risks.
Today we get to hear one of those heart-felt stories of someone that wasn’t willing to take no for an answer.
They were willing to take risks.
06:22 Who is Charles Rose? 09:45 Living paycheck to paycheck 12:25 Seeking mentorship 16:50 What was the ‘wake up call’ moment for you? 21:15 At what point in your journey did you write your book? 25:54 Are there any experiences that didn’t work out, but led you to where you are now? 32:04 How difficult was it for you to reach the point where you hired a coach? 39:10 Tell us about the benefits you realized with your coaching experience. 42:35 How much of your time, energy, and focus is on real estate?
Resources:
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Mon, 21 November 2022
Can you imagine having a net worth of over 26 Billion Dollars???
Then having your entire net worth disappear overnight….
This is what happened to thousands of people, including me.
I am really getting tired of making this type of Podcast. (I recently did a similar one on Celsius Network).
02:30 Not your keys, not your wallet 05:13 No regulation, no FDIC insurance 06:12 Another crypto catastrophe 10:45 BlockFi Announcement 13:25 Don’t forget fraud
Resources: https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Tue, 15 November 2022
Where in the world are you supposed to put your money?
Interest rates have more than tripled...
The Stock Market is down 27%
Bitcoin is down 57%….
Where in the world are you supposed to invest your money?
You often hear real estate is a good investment, but does it still make sense in this environment with a housing bubble just around the corner?
I tucked some money in Fundrise about 4 years ago - I’ve been updating my returns regularly.
Since I hit a recent anniversary let’s take a look at the latest returns. 03:00 What is Fundrise 05:20 Tiers and Fees 07:20 Fundrise shows ALL the details 09:45 My Fundrise account 13:10 My returns 16:09 My transactions over 4 years 17:20 Properties in my portfolio 19:19 Fundrise investments vs. other investments 27:10 Does Fundrise make sense for you?
Resources: My 4 Year Fundrise Returns – Is Fundrise Worth it? Fundrise Review - How to Invest in Real Estate Best Fundrise Alternatives: Seven Top Real-Estate Crowdfunding Platforms to Consider
Check out my YouTube channel here. |
Tue, 8 November 2022
You often hear 'If you want to build wealth, you must invest into real estate.’
If you’ve done any research, you know there are different types of real estate:
It can be overwhelming.
My guest had a similar experience when trying to invest. Until he found a niche.
Let’s see what niche he discovered and a whole lot more.
Today’s guest is Seth Williams and he is a real estate investor.
04:14 Who is Seth Williams 06:35 The strategy to buying land 09:44 Did this start as a side hustle? 11:22 How much time was spent between learning and your first ‘deal’? 14:18 Was there a time where you ran into unexpected problems? 19:23 Is information easier to get now vs when you started? 22:53 I am surprised that there are still opportunities where you aren’t competing with others. 24:40 Are there any states where you won’t buy land? 26:25 On average, how many deals do you do per month, per year? 27:35 At what point where you able to leave your day job? 28:26 What year were you able to make a deal that was larger than your full-time annual salary? 31:56 What happened that made you feel safe enough to leave your job? 35:43 When did you feel you wanted to transition to teaching others? 40:00 What is R.E. Tipster? Resources: https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. |
Thu, 3 November 2022
The IRS just released some of the largest increases in retirement plan contribution limits.
I’m excited! You should be too.
9.8% increase for 401k’s and 8.3% increase for IRA’s.
01:44 IRA Increases 03:32 Gross Income Limits 05:06 401k Increases 06:25 401k ‘Catch Up’
Resources: https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. |
Tue, 1 November 2022
Close your eyes and imagine the richest business person you can think of….
Chances are you probably don’t know them well, all you know about are the successes they’ve had.
You don’t know about the failures and the mistakes.
I’m here to tell you, things don’t just ‘work out’.
I have shared some of my mistakes and failures with you in the past but I wanted to record an update.
I want to share some of my biggest investing mistakes that have cost me over $4.2 Million, I hope that it helps prevent it from happening to you.
02:01 Haters on Twitter 06:01 Penny Stock Mishap 09:43 Iraqi Dinar 13:02 Solo 401k Business 19:14 Investing in Sports Cards 22:18 Cryptocurrency Investments 27:09 Bad Business Partnership
Resources: https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Mon, 3 October 2022
Could you imagine being 19 years old and getting in a car accident that nearly takes your life?
You survive, but you are seriously injured and have to learn how to walk again.
Turns out a good friend of mine found himself in this situation and used this as an opportunity to learn a new skill.
03:32 A photographer, an author, and a mentor 07:12 What led you down the path you are on today? 12:50 At what point did you start generating money? 23:03 Pursue a worthy goal with all you’ve got! 25:58 How do you validate your work and move on to larger projects? 34:12 Walk us through your transition from photographer to mentor 38:45 Share an inspirational story of one of your students.
Resources: https://learningtoseebook.com/ https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Mon, 18 July 2022
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. |
Fri, 15 July 2022
If you want to watch a movie, you can login to Amazon Prime and click ‘Buy Now’. If you want to read a book, you can download one immediately on Audible.
Technology has allowed conveniences at record speeds.
Why wouldn’t we expect to build our credit score overnight?
Is it really possible? Can we raise our score by 100 points overnight?
This is a question that was posed by a reader, Robert.
Robert says he has made some bad choices in the past which has affected his credit. He is working towards paying off credit cards and other debt to improve his bad credit score but wants to know if there is anything else he can do to raise his score quickly.
04:29 Check your credit score regularly 05:53 Can this happen overnight 07:45 What affects your credit score 11:22 A great example of credit repair
Resources: https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Wed, 13 July 2022
When most people think about the wealthiest people in the world and the investments they own - real estate is usually on that list.
Real estate investing doesn’t always have to be with physical properties. There are different ways and different types of digital real estate investments.
I want to dive in and share the details of some of these ways for you.
01:48 Digital Real Estate 07:40 Niche Sites v Authority Sites 10:02 Buying and Selling Websites 14:43 Building an eCommerce Store 16:30 Digital Products
Resources: https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Fri, 8 July 2022
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.goodfinancialcents.com/ask
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Wed, 6 July 2022
Choices….choices…choices.
I like variety and the option to choose.
Sometimes we can have too many choices and end up with analysis paralysis.
There are many types of investments strategies you could choose. Today I am going to narrow that down to 4 - to help you avoid analysis paralysis.
So what are the basic investment strategies for beginners, that you can implement on your own, that we are talking about?
02:54 Value investing 05:07 Growth investing 09:11 Momentum investing 11:47 Dollar cost averaging
Resources:
https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Mon, 4 July 2022
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.
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Fri, 1 July 2022
If one is good - three has to be better!
‘Can you have more than one Roth IRA account?’
This is not a question from a reader but rather a question that I get A LOT.
The short answer is YES.
I want to give you a bit more information on why you would want multiple accounts, how to set them up, how you could manage them, and much more.
02:17 Can you have multiple Roth IRAs? 03:20 Rules and Contribution Limits 06:34 How do you set up multiples accounts 09:25 Why use multiple brokerage companies
References Roth IRA Rules and Contribution Limits for 2023 https://www.goodfinancialcents.com/roth-ira-rules-contribution-limits/ https://www.goodfinancialcents.com/ask
Check out my YouTube channel here. |
Wed, 29 June 2022
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. |
Mon, 27 June 2022
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. |
Fri, 24 June 2022
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
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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Wed, 22 June 2022
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
Check out my YouTube channel here. |
Mon, 20 June 2022
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.
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Fri, 17 June 2022
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.
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Thu, 16 June 2022
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. Follow me on Twitter and Instagram.
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Mon, 13 June 2022
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. |
Fri, 10 June 2022
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/ What Happened With My $1,000 Fundrise Investment (3 Years Later)
Check out my YouTube channel here. |
Wed, 8 June 2022
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]
Celsius Network Loans Walk-Thru (USING LEVERAGE TO BUILD WEALTH)
Buying Bitcoin - How to Transfer From Fidelity ➡️ Celsius Network (ask the CFP®) https://wealthhackerlabs.com/ask/
Check out my YouTube channel here. |
Mon, 6 June 2022
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: 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. |
Fri, 3 June 2022
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. |
Wed, 1 June 2022
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
Check out my YouTube channel here. |
Tue, 31 May 2022
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. |
Wed, 25 May 2022
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.
https://twitter.com/jjeffrose/status/1527014274698252289 https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. |
Mon, 23 May 2022
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
Check out my YouTube channel here. |
Fri, 20 May 2022
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. |
Thu, 19 May 2022
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. |
Wed, 18 May 2022
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
Direct download: Ep161-_Is_a_Bear_Market_Here__10_Key_Stats_You_Need_to_Know.mp3
Category:general -- posted at: 10:30am CDT |
Mon, 16 May 2022
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:
Check out my YouTube channel here. |
Wed, 11 May 2022
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. |
Mon, 9 May 2022
“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. |
Fri, 6 May 2022
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
https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. |
Mon, 2 May 2022
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. |
Fri, 29 April 2022
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.
Resources: Distribution Rules for SEP IRAs Rules and Limits to Open a SEP IRA for 2022 |
Wed, 27 April 2022
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 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 |
Mon, 25 April 2022
Ep. 153 - He Gave Away (over) $1 Million Before the Age 40 - Giving Away 44% of His Income This Year
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: https://wealthhackerlabs.com/ask/
Check out my YouTube channel here. |
Fri, 22 April 2022
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.
|
Thu, 21 April 2022
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://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 |
Mon, 18 April 2022
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. |
Fri, 15 April 2022
$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:
Check out my YouTube channel here. |
Wed, 13 April 2022
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
Resources: M1 Finance Review – Revolutionizing Robo-Investing https://wealthhackerlabs.com/ask/
Check out my YouTube channel here. |
Mon, 11 April 2022
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.
Resources: https://wealthhackerlabs.com/ask/
Check out my YouTube channel here. |
Fri, 8 April 2022
“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.
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
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Wed, 6 April 2022
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? |
Mon, 4 April 2022
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
Check out my YouTube channel here. Follow me on Twitter and Instagram. Resources: https://wealthhackerlabs.com/ask/
|
Fri, 1 April 2022
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
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 |
Wed, 30 March 2022
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
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 |
Mon, 28 March 2022
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?
Check out my YouTube channel here. Follow me on Twitter and Instagram.
Resources: |
Fri, 25 March 2022
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 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
Direct download: Ep140_How_To_Make_1000_Per_Month_in_Dividends.mp3
Category:general -- posted at: 10:03am CDT |
Wed, 23 March 2022
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?
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/
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Mon, 21 March 2022
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.
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/
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Thu, 17 March 2022
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
Direct download: 137-Top_10_WORST_Stock_Market_Crashes_in_History.mp3
Category:general -- posted at: 2:26pm CDT |
Mon, 14 March 2022
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
Check out my YouTube channel here. Follow me on Twitter and Instagram.
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) |
Wed, 9 March 2022
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.
03:33 Forgetting paperwork Resources: 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. |
Mon, 7 March 2022
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 |
Fri, 4 March 2022
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
Resources: How to Retire at 50 in 7 Easy Steps Here’s Your Plan to Retire in Ten Years
Check out my YouTube channel here. |
Wed, 2 March 2022
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
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. |
Mon, 28 February 2022
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: 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
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Wed, 23 February 2022
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 |
Fri, 18 February 2022
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.
|
Wed, 16 February 2022
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.
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. |
Mon, 14 February 2022
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.bankrate.com/retirement/calculators/
Check out my YouTube channel here. |
Fri, 11 February 2022
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/
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Wed, 9 February 2022
“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. |
Mon, 7 February 2022
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. |
Wed, 2 February 2022
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) 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. |
Mon, 31 January 2022
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:
Check out my YouTube channel here. |
Wed, 26 January 2022
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. |
Mon, 24 January 2022
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.
|
Fri, 21 January 2022
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. |
Wed, 19 January 2022
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? 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. |
Mon, 17 January 2022
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. |
Fri, 14 January 2022
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. |
Thu, 13 January 2022
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.
Check out my YouTube channel here. |
Wed, 12 January 2022
$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.
|
Mon, 10 January 2022
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. |
Thu, 6 January 2022
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. |
The Good Financial Cents Show w/ Jeff Rose, CFP®
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