The Scott Alan Turner Show | FINANCIAL ROCK STAR: Recent Episodes
Scott Alan Turner, CFP®
Scott Alan Turner is a former money moron, living the paycheck-to-paycheck lifestyle, losing $40k in the stock market, and racking up a load of credit card debt. But by age 35, he turned it all around and became a self-made millionaire.
In a world of get-rich-quick schemes, biased advice, and financial Pied Pipers, Scott’s authentic, no-holds-barred approach makes it possible for anyone to absolutely rock their personal finances.
Scott is on a mad mission to help you get financial independence, ultimate happiness and a life full of awesome experiences. With his rebel style, off-beat humor, and signature life-on-your-own-terms approach, Scott’s inspiring a movement of Financial Rock Stars across the globe.
Money. Investing. Personal Finance. Financial Independence.
Old me in the artwork had some serious guns. New me is happy to still be alive. An honest update on the past year of my life.
Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
The value of following marketing over following success is costing people lots of money, time, and lots of frustration. Here's what America's Team is teaching us.
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LISTENER QUESTION/COMMENTS
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Nope
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Inflation and how you can ignore it.
RED ALERT WARNING - Celebrities pitching NFTs when they can't even spell NFT.
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
Popular beliefs are just that - beliefs. Beliefs don't pay for your dreams, only money does. Get the facts other people aren't telling you, courtesy of Consumer Distorts.
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LISTENER QUESTION/COMMENTS
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Best way for my brother to save for his kids (Dani California)
Are golf entertainment facilities good investments (Dan Not California)
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Scott's kids join the show today and offer financial advice as only 8-year-olds can.
RED ALERT WARNING - Variable Universal Life Insurance stinks.
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
Businesses are passing their rising costs on to consumers with new fees, truncated services and reduced contents in packaged goods. How can you fight inflation?
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LISTENER QUESTION/COMMENTS
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How are people retiring early and not running out of money (Melinda, Ontario)
What's your opinion on timing the market (Baker, Texas)
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Are there any cat trees that don't look hideous?
New eye drops for reading - are they worth it?
Why using a Roth IRA for an emergency fund is a bad idea.
RED ALERT WARNING - How to spot a romance scam.
TRAVEL TIP - Using points to get free flights.
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
What can you do about rising inflation when it comes to your investments? And does hoarding really save money?
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LISTENER QUESTION/COMMENTS
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How can I contribute to a 401k or is there another alternative (Victor, Iowa)
What's the best way to invest a $100,000 inheritance (Perry)
If the IRS says I owe back taxes but I don't think I do, what can be done?
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Interest rate risk explained by the government: https://www.sec.gov/files/ib_interestraterisk.pdf
Now is not the time to get a used car.
What do you need to know about Superbowl advertisements?
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
What can you do about rising inflation when it comes to your investments? And does hoarding really save money?
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LISTENER QUESTION/COMMENTS
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How can I contribute to a 401k or is there another alternative (Victor, Iowa)
What's the best way to invest a $100,000 inheritance (Perry)
If the IRS says I owe back taxes but I don't think I do, what can be done?
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Interest rate risk explained by the government: https://www.sec.gov/files/ib_interestraterisk.pdf
Now is not the time to get a used car.
What do you need to know about Superbowl advertisements?
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
Listen about an entirely new category of investing: enabling people to invest as little as $100 in single-family homes and to earn rental income right away. What are the pros, cons, and alternatives?
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LISTENER QUESTION/COMMENTS
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Best place to store cash for an emergency fund (Victor, Iowa)
You're wrong about retiring to Guam on a budget (April)
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A new way for kids to earn money.
What's going to happen with all these people retiring early who can't afford it?
Savings rates: https://www.bankrate.com/banking/savings/rates/
Investing in fractional rental homes - https://arrivedhomes.com
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Get your questions answered on the show: https://GoAskScott.com
Order your copy of 99 Minute Millionaire: https://amzn.to/3rj45mT
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
There's a new investing game in town that says the old-school investing advice is for losers! Is it a fad or should we pay attention to the latest in wealth building tip for wealth builders?
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LISTENER QUESTION/COMMENTS
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My teenage son is a professional athlete and is about to start getting paid. What should we do about tax planning (H)
What do you think about DR Smart Vestor pro service (Tabitha, Little Rock)
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Inflation is everywhere. What are other people do to stretch their income and save more?
What to watch out for when getting eyeglasses (pun intended!)
https://www.zennioptical.com/tv
Is TurboTax Audit Defense Worth It?
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
It’s easy to invest when things are rocking and rolling. It’s a lot harder when things start spiraling out of control. Since nobody can figure out when the best time is to be in or out of the market, the best thing is to pick a plan that doesn’t drive you crazy and follow it.
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LISTENER QUESTION/COMMENTS
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800 Credit Scores! (General Kinobi)
What are the benefits of using an online bank? What will I lose if I get away from the Bank of Evil (Jose)
What’s the best way to shop around and get cheaper rates if my car insurance has gone up 20% (Jasmine)
Is an Indexed Universal Life insurance policy something we should consider getting (Wendy, Wyoming)
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What should you do if you find $50,000 in your wall?
$29,000 for an average used car? Would-be buyers are aghast
RED ALERT WARNING - Watch out whom you pay for financial advice.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
People who don’t believe in themselves can end up self-sabotaging their finances. One of the best things you can do for your wealth-building is getting your head right.
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LISTENER QUESTION/COMMENTS
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Are you familiar with Fundrise or Diversifund by chance (Ryan)
What do you think of this variable annuity that is no longer offered (Ryan)
https://www.bogleheads.org/forum/viewtopic.php?t=194425
What are the steps to move IRAs from one custodian to another (JP)
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Variable annuity research - https://www.dropbox.com/sh/7ygsb6r8y0kmiuh/AAB6JzmEtZ5AKZ8qh39ncu-Pa?dl=0
Fundrise track record - https://fundrise.com/track-record
Blondie Holmes is going to jail!
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
A listener shares a list of amazing wins for 2021. Get inspired to see how you can apply these to your own life for kicking butt in the next year - no matter your age, stage, or wage.
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LISTENER QUESTION/COMMENTS
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I am currently 38 am I young or middle-aged when it comes to asset allocation (Brent)
Does it make sense to continue to convert and pay the taxes now before they go up if we are in our 50's (Serena, TX)
Ryan and Wendi are debt-free!
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RED ALERT WARNING - Angry Sandy lost a bunch of money by trusting a money manager. She didn't bother to ask her husband who had all the secrets to building wealth.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
We look back on 2021 and revisit some of the highs and lows.
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LISTENER QUESTION/COMMENTS
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Can you elaborate more on the pros/cons of I Bonds (Loren)
I’ve heard that you can pull money out of 457 plans before retirement age (Jacob, MA)
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BOO! - Vanguard is no longer sticking to its founding values.
What are alternative investments and how can they fit into your Rock Star financial independence roadmap?
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
How does inflation impact everyone’s finances? What do you need to know to protect your family from these termites that can destroy your future?
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LISTENER QUESTION/COMMENTS
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Any follow up on getting the Venture X card (General Kinobi)
Should I Bonds be part of an emergency fund strategy (Eddie)
I recently inherited a bunch of money. Is investing in a lump sum or over time better(Stone, Colorado)
I’m 35 and all of my 401k is invested in stocks. Is there a better recommendation for the allocation (Stephanie, Tampa, Florida)
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RED ALERT WARNING - Paying cash to contractors can backfire. Here's how to be cautious.
TRAVEL TIP - Use flights.google.com to find the cheapest fares to random destinations.
Nike is going to start selling virtual sneakers. My daughter is going to start selling virtual unicorn horns and get rich too.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
You did something. You busted your but. You saved. You had discipline. You built good habits. And you should be proud of what you're doing. Not ashamed. And certainly not fall for the false belief that you were lucky.
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LISTENER QUESTION/COMMENTS
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I’m maxing out my 401k plan as well as max out a Roth IRA. I’m fortunate and looking to invest more money. Is the next place to look at investing in a brokerage account (Keani, Benton, AR)
Can/should I create an investment account for my children (Bruno Mars, Nevada)
What do you do when you want a nice vehicle, say a Porsche Carrera, Mercedes, or Land Rover, but don't want to hurt your future (savings) (Alan)
What are the best robo advisors in Canada (Alyssa, Canada)
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MONEY SAVING - Why now is a terrible time to buy a car but a great time to sell one.
INVESTING - Should you be buying Ibonds?
TAXES - Gordon Ramsey is moving his headquarters to a low-tax country.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
The Millionaire Next Door pulled back the curtain on people who have built wealth. But they aren’t wearing jeans with holes in them and only eating out at McDonald's. For crying out loud - live like the rock star you are!
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LISTENER QUESTION/COMMENTS
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Are there better alternatives for an emergency fund than my bank (Matthew, California)
The retirement plan at my new company has a Roth 403b option. Is that better than a Roth IRA or can I do both (Vienna, Kansas)
Should I combine two 401ks at Fidelity into one (Brendan, Derry, NH)
Is it ok to skip the bonds for now (Andrew, Virginia)
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TRAVEL - the Goldilocks Windows for traveling hacking.
MONEY SAVING - How to save on high heating bills this winter.
https://scottalanturner.com/11-unique-things-homeowners-can-do-today-to-save-money-infographic/
RED ALERT MOMENT - Should you invest in art?
NEWS OF THE WEIRD - $600,000 found behind a toilet in a church.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
I think we all have someone we're picturing in mind right now....(and if this person is you, you can just buy these for yourself).
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LISTENER QUESTION/COMMENTS
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Where on earth is all the money in the various stimulus packages coming from (Kayla, Cheyenne, Wyoming)
I can save about $15,000 per year. Should I be looking at a Roth IRA or use a 401k at work (Tyler, Arkansas)
Is an online kit available for about $100 to setup a trust ok to use (Gabrielle, WA)
What is the best account to hold a high yield dividend ETF (Amanda)
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MONEY MORON MOMENT - How not to buy life insurance.
Has Cathie Wood lost her touch?
Zoom Class action lawsuit - get $15!
https://www.ZoomMeetingsClassAction.com
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Gifts for impatient people: https://www.buzzfeed.com/maitlandquitmeyer/gifts-for-impatient-people-2021
Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
You are the best person to manage your finances. People are also our own worst enemy. A personal note on how complacency can be a wealth killer (or health killer) without anyone knowing it.
We also revisit the upcoming book First To A Million by Dan Sheeks.
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LISTENER QUESTION/COMMENTS
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Can I withdraw money from my IRA to pay off the debt (Jasmyn, Ft Lauderdale FL)
What allocation of stocks/bonds should I put my house savings for a downpayment (Conor, Indy)
If I pay off my kid's student loans will either of us have to pay taxes (Peter, Petoria)
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MONEY-SAVING TIP: Save your Subway receipts
MONEY-SAVING TIP: Asking service companies for discounts
RED ALERT WARNING: Another 'expert' gets it wrong
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
You don't need a budget. You just need something that works for you and you'll follow consistently. Tips that should make you feel better (less guilty!) about the perfect plan for you.
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LISTENER QUESTION/COMMENTS
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Is there a company for a Roth IRA that is safe, reliable, easy, and good (Sandy)
Should I leave my money in a 401k or roll it into an IRA? Would a self-directed IRA be best for home flipping? (Wayne)
My ex-son-in-law is going to set me up with a Robinhood account (Anita)
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MONEY-SAVING TIP: Amazon vs. Walmart
TRAVEL HACK: The new Capital One Venture X card is here
Scott's daughter joins the show without her knowing it.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Consider this your regular reminder that most personal finance gurus get rich not from their investment smarts, but from their ability to sell you on their investing smarts.
Support our latest sponsor - Chubby Bunny!
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LISTENER QUESTION/COMMENTS
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Should I finance a car and move the money to a higher-yielding account or pay cash for it (Bobbi, Houston)
Are I-bonds are a better vehicle for savings as opposed to other savings accounts (David)
I'm 21 and just started investing in a 401k managed by my bank but I'm scared that we'll go into a pandemic-induced recession at any moment and I'll lose everything. Don't know if this was really the best time to start investing (Abi)
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MONEY-SAVING TIP? Iron-stomached man discovers savings benefits of eating meals at a Six Flags park
Scott shares his favorite credit card and why he likes it.
It's time for taxes if you want to save money - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
If you have a pulse, you could be making more money at your current job if you follow this strategy. Today's job market is on fire, and people in the know are getting what they deserve.
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LISTENER QUESTION/COMMENTS
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ROCK STAR MILLIONAIRE - Listen to the story of how this person is crushing it.
My friend asks why I'm paying down our house so soon (Millionaire Nurse)
How do we move beyond the target date fund (Rodney)
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MONEY MORON MOMENT: Watch out what you borrow money for.
MONEY SAVING TIP: Flying for Thanksgiving? Parking deals are here.
Why you should ignore the people you've passed.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
First To A Million is a new book about financial independence (FI) aimed at teenagers. But it's so much more and the lessons and tips will apply no matter your age, stage, or wage. Scott reviews this book before you can get it - and you should plan to get it!
Pre-order the book on Amazon now:
https://www.amazon.com/First-Million-Teenagers-Achieving-Independence/dp/1947200461
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LISTENER QUESTION/COMMENTS
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How do I know if I'm getting the best rate on a mortgage quote (Deanna the Dog Walker)
I'm getting an increase in pay and jumping up in tax brackets. Where should I put my money if I'm maxing out my retirement accounts (OMG)
How should I treat my HSA - as part of my emergency fund (Chad, Illinois)
Can you do a custodial Roth for a minor that isn't a minor you own (Daren)
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RED ALERT WARNING: Why you don't need an Apple cloth.
Cocatalyst - How to donate appreciated stocks to charity:
https://www.cocatalyst.org/articles/how-to-donate-stock-to-a-charity
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Whether you want a new car. A new house. A closet full of shoes. A better education for kids. Traveling in style. Even your own plane, this is how you get it.
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LISTENER QUESTION/COMMENTS
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I'm considering Legal Zoom for estate planning, what are your thoughts (Cardi, Michigan)
Is it best to have an emergency fund in cash (Joanie, Tampa Bay)
How can I be confident when it comes to investing (Heather)
What do you think of debt consolidation services (Mrs. Picard)
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RED ALERT WARNING: What does one big CEO say about Bitcoin?
Good news for teachers and non-profit workers when it comes to student loan forgiveness.
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
The math on compound interest is staggering. Even if you know this stuff already, seeing it in a different light will put a smile on your face and increase your confidence in your plan.
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LISTENER QUESTION/COMMENTS
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Is there any consistency to the market now (Rocio)
What can I do about a contractor that didn't complete some work (Mark)
How much money is required to get started investing (Marteen, Cape Town)
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When can putting your finances on auto pilot destroy your plan?
RED ALERT WARNING: Come on! Why is this company still around?
MONEY HACK: The worst myth about cars that keeps costing people money
I TOLD YOU SO: A museum says they gave an artist $84,000 in cash to use in artwork. Guess what happened?
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Building wealth is so much more than spending less than you earn and investing the difference. Indecision is a decision. So what could you be doing today that will build wealth for your tomorrows?
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LISTENER QUESTION/COMMENTS
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Is a tax free retirement account (TRFA) like a Roth IRA (Jodie)
What can I do with the money in a 529 plan if my son doesn't use it for school (La Forge)
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What should you be doing about inflation right now?
RED ALERT WARNING: Another sad tale of social insecurity.
MONEY HACK: Get your credit score and credit monitoring for free from Discover without any strings attached.
I TOLD YOU SO: A museum says they gave an artist $84,000 in cash to use in artwork. Guess what happened?
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Building your nest egg is just as important as making sure it doesn’t end up a scrambled mess. What's beyond the simplified advice of 'spend less than you earn'?
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LISTENER QUESTION/COMMENTS
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Can I contribute money to a Roth IRA for a child (Audrey, Chicago)
Where can I learn about stocks and bonds to get started investing (Marissa, Mass)
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SUCCESS TIP: What can you do to get ahead in any area of your life quickly?
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Another entertaining review of MLMs. "LuLaRich" largely focuses on how LuLaRoe’s multi-level marketing structure ruined lives.
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LISTENER QUESTION/COMMENTS
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My financial advisor took out loans in my name and ruined me (Cheryl)
When is a good time to get umbrella insurance (Alex, Phoenix, AZ)
Will I get hit with capital gains on my home purchase if I rented it out (Fred, Idaho)
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RED ALERT WARNING: Back to school book fair that's unfair.
MONEY TIP: Hospitals are getting ready to publish what things cost, which is good for consumers.
Do you have this advice in your home to save on insurance?
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Get your questions answered on the show: https://GoAskScott.com
Get your accounts in order with Optimize 401k: https://bit.ly/Optimize401k
Imagine the joy you would feel by being able to spring for a meal at a Michelin Star restaurant for an anniversary with your significant other? It's possible, if you know how.
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LISTENER QUESTION/COMMENTS
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Will 2022 be a better year to wait and buy a car (Addison, Maryland)
I have a travel tip for people if they can't go far (Keith, Honolulu, Hawaii)
I found $300 in savings over the past year just by paying attention to my bank statements (Trey, Worcester, MA)
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Vermont is hiring!
RED ALERT WARNING: Are your last wishes in place so you don't get hosed when exiting the earth?
Would you opt out of social insecurity if you could?
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Get your questions answered on the show: https://GoAskScott.com
NOLO Willmaker: https://store.nolo.com/products/quicken-willmaker-plus-wqp.html
INTRODUCING Optimize 401k: https://bit.ly/Optimize401k
INTRODUCING Optimize 401k: https://bit.ly/Optimize401k
Imaging your perfect place to live. What does it look like? People are moving now more than ever because of Covid. Are you dreaming and making some plans to get to your next place?
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LISTENER QUESTION/COMMENTS
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Is there a way to do a backdoor Roth and avoid the pro rata rule (Joel)
What's the right amount of money to have set aside if we buy an AirBnb vacation home so we don't get stuck if it doesn't rent (Jackson, Miami, FL)
How can I nudge my partner to get on this path to financial freedom (Sydney from Canada)
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Here’s what happens to Social Security payments when you die.
RED ALERT WARNING: Another handsome man has the secret to building wealth. It's only $49!
SHOPPING TIP: Get your Christmas shopping down now while there is still junk to buy and the shelves are empty.
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Get your questions answered on the show: https://GoAskScott.com
The total number of retirement millionaires has nearly doubled from one year ago. The outlook for retirement savers is only improving! No matter your age, stage, or wage, it's time to get inspired. Plus, tips to save.
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LISTENER QUESTION/COMMENTS
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Can I take the gains from the sale of a rental property to pay down my primary residence and avoid capital gain taxes (Andrew)
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Here’s what happens to Social Security payments when you die.
RED ALERT WARNING: T-Mobile data breach and what you need to do and expect.
MONEY MAKING TIP: When all else fails, sue to get money.
James Bond’ actor Daniel Craig says his children won’t be receiving his multimillion-dollar fortune
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Get your questions answered on the show: https://GoAskScott.com
Investing/saving/buying should be about seeing the future. Which is hard to do when people can't even admit they could be making a mistake.
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LISTENER QUESTION/COMMENTS
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Can I take the gains from the sale of a rental property to pay down my primary residence and avoid capital gain taxes (Andrew)
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MONEY HACKS: Should you decline rental car liability coverage?
TRAVEL TIP: How to save on Covid tests
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Get your questions answered on the show: https://GoAskScott.com
The best place for your retirement money could be a Roth. How can you stack it?
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LISTENER QUESTION/COMMENTS
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Jennifer from SoCal spots The High Priest in a West Texas Walmart.
Go big, then stop in order to build wealth with little effort.
Announcing the 2021 Personal Finance Scholarship $1,000 winners: Libby + Samantha.
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TRAVEL TIP: Saving money on long term parking at the airport.
MONEY HACK: Keto for Kats?
At 46, African skateboarder finally wows mom at Tokyo Games.
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Get your questions answered on the show: https://GoAskScott.com
Target date funds are the "easy button" for retirement investing. They can take the confusion and research out of investing and let you get back to your life. They can also cost investors a lot of money...in ways most people don't think about (no, not just fees).
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LISTENER QUESTION/COMMENTS
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Should I treat my Target Date Fund as if I'm 30 years old and will be in retirement for decades (Dan)
When tracking expenses how do I avoid double entries (Ray, Texas)
What are the red flags to look out for with insurance (Cathy, Boulder, CO)
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How to max out your employer retirement plan above and beyond what you may think you can put in.
Student loan pausing is changing, here's how to get out in front of the October 1st deadline.
RED ALERT WARNING: Inflation - who should be worried?
The Olympian using Pop Tarts to go for the gold.
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Summer Student Loan Debt Help: https://www.meetsummer.org/individuals
Long Term Disability Calculator: LTD Calculator: https://www.guardianlife.com/disability-insurance/long-term-disability-insurance-cost
Get your questions answered on the show: https://GoAskScott.com
Most people have a goal of owning investments that they’re comfortable with. Understanding the difference between risk tolerance and risk capacity will help you achieve your goals and avoid running out of money before running out of life.
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LISTENER QUESTION/COMMENTS
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We are building a mobile home empire. Is it better to go all in on real estate or continue to put money into my 401k/457 (Alejandra)
Is this year or next year better to convert a SEP IRA to a Roth (Andrew)
With the uncertainty of student loan forgiveness, is it better to wait and see what the administration does or just pay them off now (General Kinobi)
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Travel Alert: What a world wide cruise could cost you.
Fun Facts: Cardiac Sweepstakes
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Find out your Risk Number: https://rockstarfinancialplanning.com/risk-number/
Get your questions answered on the show: https://GoAskScott.com
Andrew has a product he's seen on Facebook and wonders if it's too good to be true? What are the filters you can use to determine if something is a good deal for your financial future or if it's something that's just going to be a big fat loser for your wallet.
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LISTENER QUESTION/COMMENTS
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Is it better to start converting some of my 401k money to Roth 401k money now (Dan, New Hampsha)
How do I get my wife and I on the same page when it comes to investing (Ned Flanders, Springfield)
I got a new higher paying job and am wondering what should I do with the extra $400-$500 a month in free cash (Barb)
================
TOPICS
================
RED ALERT WARNING: Capital One, Property Brothers, what are they pitching to unsuspecting consumers?
================
ENCORE
================
Coming soon: https://rockstarfinancialplanning.com/optimize-401k
Get your questions answered on the show: https://GoAskScott.com
Is there a difference between how much risk someone thinks they can take vs. how much risk science shows they really would be willing to take? And if so, how does that impact your strategy for financial security?
================
LISTENER QUESTION/COMMENTS
================
Do you have any retirement advice for someone who may not be able to enjoy 30 years of retirement but maybe only 10 because of health issues (Reese)
Does it ever make sense to bet the farm if there is plenty of time to recover (Tobias)
================
TOPICS
================
RED ALERT WARNING: The financial pirates are at it again with their stocking picking double talk.
Robin Hood is fined a Happy Meal for causing widespread harm to investors.
================
ENCORE
================
Coming soon: https://rockstarfinancialplanning.com/optimize-401k
Get your questions answered on the show: https://GoAskScott.com
Social insecurity should be the icing on the cake for a well planned retirement. That’s they key - well planned, and well executed. What should we be prepared for depending on our age?
================
LISTENER QUESTION/COMMENTS
================
Can you explain the 4% rule (Alexis from Texas)
Should I pay down my student loans if they government is talking about forgiving them (Jonah from Portland)
I bought $5,000 worth of Bitcoin when it was at $55,000. I sold it when it hit $30,000, and I’m out. Lesson learned. (Brett the Hitman Hart)
================
TOPICS
================
Are there some backdoor tricks to getting a house offer accepted in today's sellers market?
Why you need to have an emergency fund for your pets.
================
ENCORE
================
Coming soon: https://rockstarfinancialplanning.com/optimize-401k
Get your questions answered on the show: https://GoAskScott.com
The financial circus of investing has been in full force. What's the difference between active investing and passive investing? Is it worth the added cost? What does the evidence say about it? What are the tax implications?
================
LISTENER QUESTION/COMMENTS
================
Going through a divorce and need to decide between keeping the house or keeping the 401k (Captain Archer)
I'm hearing ways of borrowing from a whole life policy to fund loans in order to pay myself the interest instead of bank. Can you debunk it, or not? (Vulcan actor #3)
================
TOPICS
================
DALBAR Study of lousy investors - https://cswadvisors.org/wp-content/uploads/2019/12/2019-dalbar.pdf
Stock pickers come up short (AGAIN) https://www.wsj.com/articles/stock-pickers-trailed-market-again-in-roller-coaster-2020-11615464001
TRAVEL HACK - save on rental cars if you can drive a stick shift!
================
ENCORE
================
Coming soon: https://rockstarfinancialplanning.com/optimize-401k
Ask Scott a question: https://GoAskScott.com
Legendary financial trader shares insights overlooked by most traders!
Mom turns $2,000 into $2,000,000 in just two years trading!
Aliens land in LA and steal Kim K's baby!
What is the truth behind the amazing investors these days? One legit company has the proof to sort things out.
================
LISTENER QUESTION/COMMENTS
================
My story of American Home Shield and how I will never use them again (Deanna)
================
TOPICS
================
"By every external metric, he is one of the most successful people I still know. But it really hit me - that’s not the life I want to lead." Listen to this story to discover why we should balance now + later.
================
ENCORE
================
MoonPig greeting cards: https://moonpig.com
Get your questions answered on the show: https://GoAskScott.com
What do three of the biggest brokerage companies have to say about crypto? They don't all agree...so which one is right for your future?
================
LISTENER QUESTION/COMMENTS
================
I have an old 401k plan from a previous employer. How do I decide to roll it into a new plan or not (Martin, Memphis TN
How do you pick a good insurance company if you don't like their quarterback (Jason)
Do we have to budget or is there something easier to do (Mindy, Thankful in Washington)
What does the tool of money mean for you (Big J)
================
TOPICS
================
What are the three trade-offs to consider when making life decisions (yes, money is one).
RED ALERT WARNING - Airline miles aren't always what they are made out to be.
================
ENCORE
================
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
What stock market myths should be abandoned for a more profitable future?
================
LISTENER QUESTION/COMMENTS
================
How do I set myself up financially if I'm getting married soon (Dani)
How do you pick a good insurance company if you don't like their quarterback (Jason)
Thanks for the motivation to spearhead our 401(k) at the office (Ryan)
================
TOPICS
================
Bitcoin Bonanza! Read between the lines before you believe the hype.
RED ALERT WARNING - New email scam for virus software.
================
ENCORE
================
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
What's the must have conversation when it comes to paying taxes now or later? Should people do Roth conversions?
================
LISTENER QUESTION/COMMENTS
================
Can you do more research on Infinite Banking (Sherry)
I have FOMO from Dogecoin investing (Dan, New Hampsha)
Ideas on selecting a vacation home (Kristin)
================
TOPICS
================
What does the Big Short investor have to say about investing in Tesla?
Financial firm gets fined $1.3M for not looking after customers.
================
ENCORE
================
Infinite Banking: https://www.investmentnews.com/ohio-national-broker-pitched-va-trades-as-infinite-banking-finra-205984
http://www.mypersonalfinancejourney.com/infinite-banking-concept-whole-life-insurance/
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Sales weasels are pitching a concept called “Infinite Banking” (aka “Be Your Own Banker”). What is this? Is it any good? Do you know how to protect yourself and your elders from this thingy?
================
LISTENER QUESTION/COMMENTS
================
My husband and I have different risk profiles. What we should be investing in? (Maria)
What do you think of pulling money from my investments to pay off the mortgage (Dawn)
Where would you suggest we stash $60,000 until we are ready to buy our dream / retirement property (Kristin)
================
TOPICS
================
RED ALERT - Did you miss out on April 27th?
Now you can sell a seat at your breakfast table: Codi.com
================
ENCORE
================
Infinite Banking: https://llis.com/tools/download/52/Infinite-Banking-Concept.pdf
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Are you being paid enough? Are you being paid as much as your peers? Are you getting market value? Are you charging enough? Listen to this story of a listener who landed a sweet, higher paying job.
================
LISTENER QUESTION/COMMENTS
================
What's the difference between term life and whole life if I'm on a budget (Skylar, Colorado)
How should I pay this $4,000 plumbing bill I've got (Miss Awesome)
Should I convert a Traditional IRA to a Roth IRA and what are the tax implications (Rodion, NYC)
================
TOPICS
================
RED ALERT - eBay is crafty with their shipping costs
================
ENCORE
================
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Is investing in the environment good for growing long term wealth? New studies show old people would rather take an Alaskan cruise.
================
LISTENER QUESTION/COMMENTS
================
Everything I hear for order of using your retirement funds is to use your Roth money last. Is that correct (Angie)
Does a trustee to trustee transfer of an IRA count towards the IRS rollover limit in a 12 month span (Chad)
I would love to hear your thoughts on this message I received on Instagram about binary options (Sandy Bear)
================
TOPICS
================
Price matching at Home Depot to save money.
Can you negotiate the price of an MRI?
================
ENCORE
================
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
How can we make smart decisions when nothing stays the same and the future is unknowable?
================
LISTENER QUESTION/COMMENTS
================
I’m trying to figure out the best possible place for my emergency fund to grow (Mark)
Is a stock market crash looming and what should I do (Marzie)
I'm looking into buying a rental property. What mortgage requirements do I have to meet for a second home (KC)
================
TOPICS
================
RED ALERT WARNING: The wicker furniture scam.
================
ENCORE
================
Richer, Wiser, Happier: https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/
EducationData.org has great information on student debt relief scams and how to avoid them: https://educationdata.org/student-loan-refinancing
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
What are the advantages and disadvantages of using a robo-advisor to manage investments?
================
LISTENER QUESTION/COMMENTS
================
My friend says a credit card has more protection than a debit card. Is this true (Brett)
I have a Roth IRA. If I understand correctly, everything I put in can be pulled back out with no fee or penalty? Is that correct? (Sandy)
================
TOPICS
================
If you even thought about the word 'cryptocurrency' in 2020, the IRS wants to know.
How to think through home projects for the long term to maximize wealth and minimize costs.
The simple and easy travel hack strategy.
================
ENCORE
================
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
How many ways are there to make your money last longer than you will? The answer will surprise you.
================
LISTENER QUESTION/COMMENTS
================
Will my wife's 401(k) balance be added to a new Roth 401(k) account for compounding purposes or would she in effect be starting over (Bryan)
My biggest financial concern is just plain not having any money. How can I publish a book without money (Anita)
Thanks for all of your viewpoints on personal finance (Ray)
================
TOPICS
================
Why home warranties aren't worth the paper they are printed on.
Then ten (two) worst financial advisors in 2021.
================
ENCORE
================
Get your questions answered on the show: GoAskScott.com
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Ever wonder why some people don't care about money, saving, and investing? The answer is finally in!
================
LISTENER QUESTION/COMMENTS
================
I am trying to figure out the best (and SIMPLE) way to combine finances (Blake Shelton)
How can I hit my savings goal of $10,000 in 10 months (Deanna the dog walker)
Do I pay a company a fictitious $138 to get them to remove the charge from my credit report (Panicked in Virginia)
================
TOPICS
================
The new Mental Voodoo tricks the advertising industry is using to separate you from your money.
How much can an artificial diamond save you?
================
ENCORE
================
How to dispute an error on your credit report: https://scottalanturner.com/how-to-dispute-an-error-on-your-credit-report/
Get the Car Buying Secrets course for free on YouTube: https://youtube.com/playlist?list=PLNiSc2Un93mh8WRHig3JQaQYwKNP_TdRg
Got some golden locks? This company will tell you how much your hair is worth.
================
LISTENER QUESTION/COMMENTS
================
Nope, there were too many topics this week.
================
TOPICS
================
A Sonoma winery is offering $10,000 a month to one lucky person to work for a year and live rent free.
SPACs warning by the SEC for celebrity endorsed products. Don't by from Shaq!
It's a home sellers market. Here's how to find a deal.
A tax saving tip for generous people that have appreciated assets.
================
ENCORE
================
Get the Car Buying Secrets course for free on YouTube: https://youtube.com/playlist?list=PLNiSc2Un93mh8WRHig3JQaQYwKNP_TdRg
Hair For Money: https://beautymag.com/hair-price-calculator
Donor Advised Funds: https://www.fidelitycharitable.org/guidance/philanthropy/what-is-a-donor-advised-fund.html
Wine Making Job: https://www.cnn.com/travel/article/murphy-goode-sonoma-winemaking-job-trnd/index.html
What are NFTs (Non Fungible Tokens) and can you profit from them like people have profited from Elvis's hair?
================
LISTENER QUESTION/COMMENTS
================
What can I do about the huge utility bill I got from this winter (Jax, Texas)
================
TOPICS
================
What can go wrong with home warranties?
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
You haven’t seen a real bear market until you’ve lost 90% of your money.
================
LISTENER QUESTION/COMMENTS
================
Is it smart to cash out a brokerage account and transfer to a 529 Plan (Dan)
What are your concerns about inflation with all the new debts and stimulus money the government is passing around (Zachary)
================
TOPICS
================
529 and income tax deductions
================
ENCORE
================
529 Tax Savings
https://www.savingforcollege.com/article/how-much-is-your-state-s-529-plan-tax-deduction-really-worth
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
"There are many paths to success. The best one is the one that allows you to use and develop your innate strengths. Those will look different in different people." - Michael Hyatt
================
LISTENER QUESTION/COMMENTS
================
What can you tell me about setting up a sinking fund (Dana)
I figured out why Chase would not transfer my funds (Christina from Passadina)
Should I transfer everything to my Vanguard account or just leave it where it is and pay a $20 quarterly fee (A from Washington State)
================
TOPICS
================
Why it's a great time to travel abroad, and what you need to know about it.
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Do you have gain thinking or gap thinking? When it comes to your retirement account balances, what matters and what doesn't.
================
LISTENER QUESTION/COMMENTS
================
I'm really interested in the FIRE movement and feel it is so close now with this inheritance (Rachel)
================
TOPICS
================
Buy discount food in bulk online.
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Here's a unique way to understand risk and figure out what the right amount is to take. Too little you won't grow your money as much as you could. Too much, and someone could make 400% returns on $0. Which is $0 for the math wizards out there.
================
LISTENER QUESTION/COMMENTS
================
Someone gave advice to cash out some stock and pay off the house as soon as you get off the phone and I wonder if this is good advice (Dan from New Hampshire)
Chase is being completely unresponsive to my IRA transfer request (Christina from California)
================
TOPICS
================
What it's like to live on Hoth.
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
There are money whisperers that get into our brains and cause us to do both good and bad things with money. Listeners write in what they've heard and we look at what the outcomes could be.
================
LISTENER QUESTION/COMMENTS
================
Money makes the world go ‘round (Samantha)
Make wise choices with purchases (Deneen)
================
TOPICS
================
Snoop Dog and Gene Simmons are doling out investment advice. It must be good.
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
There are money whisperers that get into our brains and cause us to do both good and bad things with money. Listeners write in what they've heard and we look at what the outcomes could be.
================
LISTENER QUESTION/COMMENTS
================
Your employer and the government will take care of your retirement (James)
When you need something buy it cheap, so long as it has good reviews (Emma)
My parents explained whole life Insurance is good and bought some Gerber policy for our kids over 10 years ago (Jay, Detroit)
================
TOPICS
================
Is a house a good investment or not? The answer will surprise you.
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
A new listener realizes she doesn't know much about finances. In this financial breakdown we outline where to get started and where to go next.
GameStop stopped being a game for a bunch of losers. Scott repeats his time honored wisdom - I TOLD YOU SO!
================
LISTENER QUESTIONS:
================
I need direction on the best moves for my future. And to quit piddly spending (Amy)
I have about $5,000 in a standard brokerage account that was set up when I was born, that I'm not really sure what to do with. Would pulling it out and taking the tax hit to max out my IRA and add to my savings be unwise (Michael)
Can we roll an old Roth 457 into a new employer's Roth 457 if their fees and fund choices are good or can we roll it into a regular Roth IRA at Schwab where we can pick the funds/fees (Angie)
On the Roth IRA, I'm only allowed $6,000 a year. So if I go over that amount with gains, do I get fined (Pablo)
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
The GameStop stock roller coaster has come to the dip. What are the lessons here and what is the real way to build real wealth?
================
LISTENER QUESTIONS:
================
I am intrigued by what happened with game stop stocks and the reddit fiasco (Deanna the Dog Walker)
I would like to know more about how to keep our money instead of loaning it interest free to Uncle Sam (Julia)
I'm really having a hard time right now because I can't afford laptop and having online class without laptop is so hard (Nadine)
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Some new and exciting things most people don't think about when it comes to protecting their money so that it can grow faster (Hour 2).
================
LISTENER QUESTIONS:
================
If my parents are primarily living on social security, what type of asset allocation should they have (Clarissa, Parts Unknown)
What are your thoughts on Facet Wealth (Rodion)
I feel that I am constantly battling the message that our "Consumeristic Culture" portrays to people (Ryan)
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Some new and exciting things most people don't think about when it comes to protecting their money so that it can grow faster (Hour 1).
================
LISTENER QUESTIONS:
================
What are the downsides of investing in cryptos? Could you really lose all your money (Gabrielle, Pensacola FL)
Now that the airlines are struggling and airline points aren’t as valuable as they once were for credit cards, what are some good credit card options (Samantha, San Jacinto CA)
Is it correct I could pull money out of a 457 account before age 59 1/2 (Jordan, Roanoke Virginia)
Where can I go to get more educated about 401(k) plans (Channing, Fort Worth TX)
How can I get $20,000 fast without a loan (Kimberly, NY)
================
ENCORE
================
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Have you ever been frustrated trying to get people listen to your amazing advice? You're not alone. Today we explore what to do to get people to make the best financial choices.
================
LISTENER QUESTIONS:
================
I am adrift at sea and looking to find my way (Heartbroken in Houston)
Can a 1099 contractor do both a SEP IRA and a Solo 401(k) (Andrew)
Do you have any rules of thumb on converting a Traditional IRA to ROTH IRA (Loren, Minnesota)
IN THE BAND: Matt & Maria from the UK pay off their house.
================
TOPICS:
================
Snake-oil salesperson is finally going to trial.
================
ENCORE
================
AARP Social Security Calculator
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Scott shares a new book by Paul Merriman that you need to read. Paul has a new way to help your adult children invest so they can retire millionaires.
LISTENER QUESTIONS:
What happens to my stellar credit score if I marry someone who’s credit score is horrible (Sandy)
Is the SPY or SDY fund better for the next 10 years (Dany, New York)
I need a loan to setup a business. How do I go about doing that? (Margo)
If you’re just getting started with save, spend, and share jars for a kid, what percent should go in each (Doreth, Rhode Island)
TOPICS:
If you could go back in time 5 years, what would you do differently?
RED ALERT WARNING: This is how salespeople trick you into spending more money.
=====
Get the book We're Talking Millions:
https://www.amazon.com/Were-Talking-Millions-Supercharge-Retirement-ebook/dp/B08N6XLDR9
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
Does the personal finance industry have the same problem discussed in this Doctor's view: "TV’s celeb docs led people astray during the pandemic. Now that Dr. Drew has COVID, we should take it as a reminder to stop listening to these stooges."
LISTENER QUESTIONS:
I have about $150,000 in the Simple plan. If/how/when should I roll it over (Kyle, Florida)
A friend asked me what is the advantage of a Roth IRA over a regular IRA besides paying no taxes when you retire (Angie, Pennsylvania)
TOPICS:
Why it's Santa's fault Scott was off the air last week.
=====
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://BestMoneyAcademy.com?utm_source=libsyn
It's a new year and nobody should have to listen to more mindless drivel about goal setting, resolutions, checklists, 10 things you need to do with a budget, and 18 things you can do in January to solve all your money troubles. Here's how you change your life and make it last.
LISTENER QUESTIONS:
IN THE BAND: I just paid off a credit card that had a balance of $4,000 for over 10 years (Jessica)
It’s 2021 and I've already maxed out HSA and Roth IRA. What next? (Andrew, Facebook)
What are your thoughts on Bitcoin (Pete, Facebook)
TOPICS:
Please send me your cat pictures.
=====
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://bestmoneyacademy.com/?utm_source=libsyn
Are users of the popular Robinhood app investing for the future or gambling away their lives? The imperial federal overlords are weighing in on how millions of people are 'allegedly' missing the mark.
LISTENER QUESTIONS:
Vanguard ETF's vs. Vanguard Admiral funds, should I use on over the other (Scott, Neenah, Wisconsin)
I'm trying to max out my 401K next year and trying to determine the percentage I should contribute since I should also be receiving a bonus next yea (Catwoman)
IN THE BAND: Because of the advice given through the show, my wife and I managed to pay off both our car loans this year (General Kenobi, Birmingham Alabama)
Mom just got a life insurance payout and my brother has big ideas for the money (Jessica, Hawkinsville, Georgia)
TOPICS:
What are 9th graders learning that will help them succeed in the future. Nothing about money.
=====
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://go.scottalanturner.com/best-money-courses
Scott is back from Disney in Orlando Florida and shares his travel experiences and how you can apply them in your own life in 2021 to live a life full of awesomeness.
LISTENER QUESTIONS:
Does carrying a balance help your credit score (Andy, California)
I have $1,500 to start investing should I go with Vanguard or Betterment (Pablo)
Based on the numbers in my spreadsheet, should I refinance to a 30-year loan to pay down my house or invest instead (Dan, New Hampshah)
TOPICS:
A new way to think about money will help you spend and save wiser.
=====
Schools Don't Teach About Money. Make Sure Your Child Doesn't End Up A Money Moron. Click To Learn More:
https://go.scottalanturner.com/best-money-courses
Many of 'financial experts' have gotten wealthy by selling advice to others rather than by using their own advice. This doesn’t imply that their financial advice isn’t useful, only that we don’t 'know' if it’s useful. Who should you trust?
LISTENER QUESTIONS:
If I were to pick some ESG funds, what percent of my portfolio should they make up (Aleisha)
What taxes will we owe on investments we solid in the spring to get through the pandemic (JULIANA, Maryland)
If I have the cash should I still pick a payment plan when shopping online (Victoria, Delray Beach, Florida)
TOPICS:
Day trader loses $127,000. Is he alone?
Guess who's moving to Texas to save big money avoiding taxes?
=====
https://ofdollarsanddata.com/rich-as-i-say-not-as-i-do/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Do you have any advice on becoming financially independent like where to start (Darren, Switzerland)
Scott shares the first three steps to building a life of freedom.
LISTENER QUESTIONS:
Can I withdraw money from a ROTH IRA before age 59 1/2 without penalties and interest (Roman, Belgium)
Can someone that’s a fiduciary still sell me investments in my 529 plan that are commission based (Amberlee)
Is it a good idea to pay down the mortgage with a $20,000 bonus (Jackie)
What are some cheap ways to save on energy bills during this winter (Olivia, Maine)
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Do you know what you should you being doing with a Roth IRA to make it grow as much as possible? Scott breaks it down.
LISTENER QUESTIONS:
Is getting a check as a payment from someone on Craiglist a scam (Pepsi)
What type of adjusting should I be doing to my 401(k) (Lamika, Illinois)
I’m totally upside down on a car loan and don’t know what to do (William, Cypress, Texas)
TOPICS:
RED ALERT WARNING - Bitcoin scam
Unique Christmas gift suggestions.
=====
Not Mandles - https://www.kringlecandle.com/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
A checklist of naughty/nice things to do for your money before the year winds down.
LISTENER QUESTIONS:
I own about $142,000 worth of whole life and pay $2,000 a year for it. Is it worth keeping (Amanda, Pennsylvania)
What’s the best way to approach family members about not buying gifts for each other this year (Cristina, Pineville, LA)
TOPICS:
How to get a great deal on next year's vacation.
=====
https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
No matter where you came from or where you are, realize the turbulent times are what build your character for the future. And when you hear about the bad attitudes of some people, you'll be glad about your financial mistakes.
LISTENER QUESTIONS:
Should I refinance my house to save for a new house (Kacie)
Reasons I'd like to get a new car (Catwoman)
At what point should I get a certified pre-owned car (Doug)
TOPICS:
Sacrificing Retirement Savings to Help Family Members Can Be a Mistake
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Thanksgiving is coming up and it's one of the rare opportunities most people have to get together with family and discuss the future. Scott gives you the 'in' and getting those challenging conversations going so you'll have less worry and stress later on.
LISTENER QUESTIONS:
Where should I invest my extra savings (Maddie)
The CARES Act allows $300 in charitable giving (crazy da real biz, Twitter)
Will bank surfing impact my credit score (Lara)
TOPICS:
Another Ponzi scheme consumes investors
Vegan Thanksgiving ideas.
Scott shares the TV shows they are using to teach his kids valuable life lessons.
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
It's perfectly legal for companies to charge more for products and sell high priced commissioned products when there are lower cost alternatives. All they have to do is tell you with a smile they are doing it. It's costing people BIG money in college savings, retirement, and financial freedom sooner!
LISTENER QUESTIONS:
Any good year end tax moves now that the election is over (Troy, Boston, Mass)
Is $6,000 a good amount to donate to charity to avoid taxes (Jess, California)
What do you think of Sesame Cash for a college student to build credit (Brenda, New Hampshire)
=====
Fidelity Charitable Tax Tips:
https://www.fidelitycharitable.org/guidance/charitable-tax-strategies/reduce-taxable-income.html
Coffee Cheese:
https://www.veldhuizencheese.com/shop/texas-cheese-basket/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
FI/RE - Financial Independence / Retire Early has grown more mainstream and now comes with many variations of how to achieve it and your big dreams. Listen to which path may be best for you to leave the rat race.
Plus, Scott introduces several other FI/RE flavors nobody has ever heard of until today.
LISTENER QUESTIONS:
My son needs to shop around for some car insurance (Billy, The Hills)
Is it OK to upgrade my 10-year-old car if I finance half of it (Catwoman)
What do you think of CoastFIRE (Alex)
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Boba Fett from Kentucky has a multi-part question on long term financial planning.
Scott breaks it down into the thought process and strategies every Financial Rock Star must consider to earn/make/grow/keep more of your hard-earned money.
- Planning for the future
- Tax considerations
- What should an 80-year-old be invested in
- Health care considerations
- High school band uniforms
TOPICS:
When are you moving to Texas?
What does the future hold when the tax code changes?
Scott explains tax brackets in a way a 1st grader can understand. Finally! This will put you in the top 1% of smart people.
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
What does Election 2020 mean to your money next year? It turns out Scott was in for a rude awakening this morning.
LISTENER QUESTIONS:
What is a good investment option inside my HSA (General Kenobi)
IN THE BAND: Thanks for your help. Our home has gone up in value by $100,000 and we got rid of PMI (Kristin)
TOPICS:
Which generation has the most student loan debt and how did it happen?
Realtors share disasters at the closing table for home purchases. Scott explains how to avoid these situations.
Travel Tip: The deals for Christmas vacation are amazing this year.
Stores in California are giving away free stuff and it's yours just for the taking!
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Some companies are going to start allowing employees to save for emergencies within their 401(k) plans. Scott dives into the pros/cons and what to think about when it comes to needing quick money.
LISTENER QUESTIONS:
Is a 457 better than a 403(b) (Jess, California)
What was that money saving tip for watering your lawn in the summer (Thomas, Roswell, Georgia)
I have an offer to buy back an investment I own. Should I take it? (Wil, Florida)
Can you explain the difference between a 3-fund portfolio and the 4 fund portfolio (D’Mani)
TOPICS:
Nest thermostats aren't all they are cracked up to be.
Prepare for doomsday by loading up on toilet paper again.
You're feedback wanted - let us know what you think!
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Another credit myth destroyed by evidence - some big wig that actually works for a credit reporting agency! More unbiased advice supporting what Scott has been saying all along, and how it will help you get the best rates for loans.
LISTENER QUESTIONS:
IN THE BAND: I followed your advice and got a reimbursement check for an accident (Jason)
Is pet insurance something we should consider (Roberta)
Please warn others about saving for the future (Ann, United Kingdom)
What do you think about life insurance for children (Rachel, Tempe, AZ)
I used your find missing money trick and got $139 from an old insurance reimbursement (Erin, Memphis, Tennessee)
TOPICS:
AS-IS: Anyone moving in/out of a place needs to hear this warning about what is expected, allowed, and can be challenged so you can save yourself from hassle.
What can you learn from another $10 BILLION money manager calling it quits after failing to provide consistent returns for investors.
Where to find missing money: MissingMoney.com
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Happy Ripoff Day Mr Ponzi! Today we celebrate 100 years of Ponzi schemes. From the first one in 1920, to the one Scott fell for when he was 16, to the one a couple got busted last month for $100M.
LISTENER QUESTIONS:
What considerations should I make to decide if I should rollover my old 401(k) (Jason in Nashville)
Should I rent/lease/buy an RV since we'll be hitting the road to work from 'home' (Victor)
I'm in a low-tax year because of Covid, should I pay taxes now to convert some of my retirement funds (Hayley, Seattle)
After doing some math and thinking I'm moving from a 403(b) to a 457 (Jess, California)
TOPICS:
What corporations are following the same proven, unbiased investing advice Financial Rockstars do? The answer may surprise you.
What's that K-POP investment worth from last week? (NOT GOOD)
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Music fans often cry and scream with delight at their favorite performers. But this week many fans of one K-POP sensation will by crying over the financial devastation of their money moron decisions.
Will the children (and adults) ever learn? This would never happen to Metallica fans. Or would it?
LISTENER QUESTIONS:
You often refer to losing $40,000 in the market. I’ve read your book, but I don’t recall the story (Dan, Cincinnati, Ohio)
My friend just got a Tesla Model 3, it seems like a pretty cool car. But for $40,000, is it worth it over a brand new $25,000 gas powered car (Joshua, Tennessee)
Any options on what to do with this student loan debt of $5,000 (Lily, Atlanta, Georgia)
We’ve never been landlords, what are some tips to make this painless (Charles, Compton California)
TOPICS:
TRAVEL TIP: Now is the time to get Christmas plane tickets.
TRAVEL TIP: Get your ski lift tickets in advance, they may run out this year.
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Discover the truth about leaving a 401(k) behind at an old company or if you should do something else with it. The financial adLIEsers want to put profit before people, and Scott calls them out.
How can I find missing money my dad might have had (Marianna, Indianapolis, IN)
What are some credit card travel hacks now that the airline industry is slow (Zahrah)
Should I rollover my 401(k) to a Roth IRA if I'm switching jobs (Bart)
TOPICS:
RED ALERT WARNING: Check your AT&T bill for junk charges and hidden fees
=====
Find Missing Money: https://missingmoney.com/en/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Use the Fork Test to know what advice is good or bad for you.
My son is a 19 year old college student who is interested in day trading. He has done some research but is confused about what might be the best account or way to start (Eric)
What are the quickest ways to start a budget and get spending under control (Dallin)
How can I get my dad to delay social security so he can get more money (Luke, Georgia)
How should we decide if a kitchen remodel is worth it (Christen)
Can you really get a good deal on engagement rings at Costco (Christopher, Birmingham, AL)
TOPICS:
Why you can't please everyone (and shouldn't try).
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
How to know if you're on the right road to financial freedom, or if you could end up in a ditch by following bad money advice.
LISTENER QUESTIONS:
Is there a quick way to boost a score (Meagan, Michigan)
My husband is 32 years old and was recently denied coverage for a life insurance policy (Fermin)
Have you heard of anyone using Zillow Offers to sell their home (Angela, Germantown, Maryland)
In the band: Christopher finds a new career after being let go.
TOPICS:
Covid stock-up warning
RED ALERT WARNING: Chime banking contest scam
Where to find a lost 401(k):
https://twocents.lifehacker.com/how-to-find-your-lost-401-k-1845243448
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
What if you were starting over from scratch, or with nothing. What are some things you could do to get ahead. And what are some things everyone could do right now to get ahead?
LISTENER QUESTIONS:
What can a now single girl in her 50’s do to become financially fit (Jacqueline)
How to explain tax to kids (Vincent, Parts-Unknown)
How do I get my brother to shut up about his investing schemes (Hali, Tennessee )
My wife would rather not invest and live life now. How can we get on the same page (Michael)
What should our top priorities be when getting our first home (Kailani, Baton Rouge, LA)
TOPICS:
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Scott goes on a rant about Home Owner Assassins (HOAs) trying to squeeze more money out of his house sale. What you need to watch out for when picking where to live so you can avoid getting shot with random bills.
LISTENER QUESTIONS:
How can I invest when I'm on a work visa (Chef)
My kids are rolling quarters what should we do with the change (Cheyenne, Kansas)
How do turnover ratios impact retirement plans (Tobias, Vermont)
TOPICS:
The guy who called the 2008 crash get its right (WRONG) again!
=====
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Putting eggs in different baskets doesn't diversify if it's the wrong kind of eggs and the wrong baskets. Scott exposes this myth that can leave people in a world of financial hurt.
LISTENER QUESTIONS:
What's your review of Walmart+ (Bailey, Kentucky)
I'm 57 and behind on retirement should I do a Roth IRA or 401(k) (John, Hollywood Florida)
What was the name of that service you mentioned a long time ago where you can verify lawyers (Jamie, Idaho)
TOPICS:
Cool Christmas gift idea you need to order NOW.
=====
Hand painted portraits of yourself as nobility: https://nobilified.com/
Legal weasel reviews: https://www.martindale.com/
Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
How to avoid the mistakes people are making these days because of the economy so you can stay on track with your money (and avoid big setbacks).
LISTENER QUESTIONS:
Can you, or how can you, start a business for 12-year old (Greg)
We saved money on our insurance by doing this (Q)
We free up $500/month by getting rid of our self-storage unit (Amy, Kentucky)
What can my freshman in college due to get ahead faster while he's at home studying (Annalee, Philadelphia, Pennsylvania)
Do investment newsletters have good information (Karen)
TOPICS:
What is MUTE MATH and how do the pied pipers of personal finance use it to take your hard-earned money?
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Teach pre-school kids good money habits - Money A to Z is here:
https://tinyurl.com/MoneyAtoZ
Why do some people never achieve their financial goals? Scott share's one reason that sets people back by years and costs them a lot of money.
LISTENER QUESTIONS:
Would it make sense to sell the shares every time some become available in a stock purchase plan (Dan)
What are your thoughts on Equal Weight Investing (Jeff)
TOPICS:
Red Alert Warning: Covid surcharges are coming to bills near you.
=====
FREE Digital Download of Scott's Children's Book: Money A to Z
https://tinyurl.com/MoneyAtoZ
Most people still don't realize they can build wealth over time. But there are some gotchas that keep people from having all the money they worked hard for.
LISTENER QUESTIONS:
Will putting money in my 401(k) at age 55 work for me (Wendy)
What are the pros and cons of using a self directed brokerage account in a 401(k) (Henry, Virginia)
Should I get a refi on my mortgage (Bob)
TOPICS:
The billionaire who gave away all his money
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Save Thousands On Your Next Car HERE: https://tinyurl.com/CarBuyingSecretsCourse
How to research a new place (apartment, condo, home) so you can avoid some hidden gotchas which can cost you dearly.
LISTENER QUESTIONS:
My stepdad asked if there is a way or insurance that he could join or open up for any funeral expenses (Steve)
Can I make money quickly to help my two friends (Kermit)
What's the purpose and value of a credit score (Wil, Florida)
Should I get a financial check-up (Renee, SouthWest Ohio)
Do I need a financial planner (No Name Paradise, Honolulu)
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Save Thousands On Your Next Car HERE: https://tinyurl.com/CarBuyingSecretsCourse
Do you own or have you thought about purchasing collectables, jewelry, or gold as an investment? Scott shares another money moron moment and the lessons he learned so you can avoid the same fate.
LISTENER QUESTIONS:
What’s your take on what will happen with the government debt and is there anything we should be doing (Alan, Knoxville, TN)
How do I get the best deal on a car (Levi, New Jersey)
What should I do with my gap year since I'm not going to college this fall (Vicki, Tionesta, Pennsylvania)
TOPICS:
Can you use the CARES Act to do a penalty free IRA rollover from a 401(k) or other retirement account?
Should you switch cell phone carriers to save money?
=====
Save Thousands On Your Next Car HERE: https://tinyurl.com/CarBuyingSecretsCourse
Scott explores the impact taxes have on your wealth. What to think about, how to minimize them, and what to do today so you can have more money tomorrow (to spend how you want!)
LISTENER QUESTIONS:
Best place to put short term money now (Deanna)
Are there really investments that beat the market (Miranda, Layton, Utah)
Where to shop for the best mortgage rates for a first time home (Joshua, Florida)
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Get The Millionaire Roadmap online course HERE: http://bit.ly/best789
Scott broadcasts from a basement while on vacation, sharing his observations on life events and how they impact your financial freedom.
Your questions answered:
-
What type of bonds are good for income (Andrew)
-
My CFP I used 3 years ago has retired. What are my options (Renee)
-
Thoughts on a construction loan (Dany)
-
Our dream house is to build a cabin (Marissa)
WINNER WINNER CHICKEN DINNER - Ashley is our 2nd recipient of $1,000
Scott is traveling this week. The microphone stinks but the knowledge and stories are just ok!
We are leaving Dallas! Also, a major Seattle company decides to sell it's BRAND NEW headquarters and is letting it's 1,200 employees work remotely. What are the takeaways you need to know as it applies to your life and financial freedom?
CHART TOPPER: I have a fully funded emergency fund and it's helped me during the pandemic! (Catwoman)
Should I help my parents change their investment options (Miguel, California)
This is what to watch out for in your 403(b)(Connor)
TOPICS:
How to find out if a college degree is worth the tuition.
=====
Get The Millionaire Roadmap online course HERE: http://bit.ly/best789
What should you be thinking about and planning for if another pandemic hits?
Should we set aside money in case we need to payback the pause on payroll taxes (Kemerling, Waltham, MA)
My insurance company didn't give me the refund I was expecting, how can I get this fixed (Jason, Nashville, TN)
How would you shop for a new washing machine (Hailey, Marietta, GA)
How do individual companies impact index and mutual funds (Rodion)
TOPICS:
How to find out if a college degree is worth the tuition.
=====
Get The Millionaire Roadmap online course HERE: http://bit.ly/best789
What should I do with any extra side money I earn? Should that go straight to the emergency fund or credit card or get split between both? (Megan)
YOUR QUESTIONS ANSWERED:
I was wondering if you have looked into Acorns Early at all and if so what your thoughts are (Kelly, New Jersey)
Am I looking at getting a trust, 529 plans, or some investing accounts to keep my irresponsible sister's fat fingers out of the cookie jar for her kids's inheritance (Tara, Folsom, CA)
TOPICS:
Another investing lesson from this week on why the KISS investing principle can make you rich, while the Robinhood App will Rob you of your future.
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Get The Millionaire Roadmap online course HERE: http://bit.ly/best789
Do you know the two dollar amounts needed to escape the rat race, have financial security, and have peace of mind? Scott tells you how to figure them out so you can set a goal to get there.
YOUR QUESTIONS ANSWERED:
I've went on soooo many interviews trying to get a job and can't get a call back (Shania)
I can't go home to Croatia because I don't have enough money (Andreja, Ireland)
Invest in free heat to be better off in the long run giving more opportunity to pay off debt (Dan, England)
I’m am 35 and I’m looking for something more aggressive and risky to invest in at Vanguard (Tyson, Afghanistan)
Is it easier to have a separate savings account for each savings fund? (Skylyn, Canada)
TOPICS:
Ferengi Rules of Acquisition and how they apply to your money.
=====
Get The Millionaire Roadmap online course HERE: http://bit.ly/best789
What's reasonable to sacrifice along the journey to financial freedom? Time? Lifestyle? Relationships?
IN THE BAND:
Barbara just paid off her car.
YOUR QUESTIONS ANSWERED:
When I dispute and resolve a collections claim, will my credit score go up (Bethany, Akron, OH)
Should $32,000 from a rental house sale be applied towards car payoffs or credit card debt (Michael, Charlotte, NC)
We are short on retirement at age 50. With a super low mortgage rate should we pay down the house faster or invest (Isaiah, Salem MA)
TOPICS:
Do you know what it takes to be 'financially comfortable'?
Another win for teachers as a big 403(b) plan administrator is set straight for ripping them off.
Is FoodServiceDirect.com worth your money?
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Get The Millionaire Roadmap online course HERE: http://bit.ly/best789
Your patience will pay off when it comes to a long term investing strategy. The people who the media highlights that are striking it rich, will get struck by lightning soon enough.
In The Band: Andrew pays off $114,000 in student loans!
I have $1,500 in an old 401(k), what should I do with it (Miguel, Los Angeles)
Are the fidelity ZERO cost ETF's a good investment option (Scott)
I'm on social security. Am I better off trying to pay extra on my mortgage to get it paid down as much as possible, or stash the cash (Diane)
Joe Rogan is moving to Texas because...
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Get The Millionaire Roadmap online course HERE: http://bit.ly/best789
What will parents do this fall as the school system gets disrupted? Scott and Katie decide to homeschool and hit the road.
What advice do you have so I can protect myself from any upcoming stock market crash (Kimia, Katy TX)
How can I help my sister get her money act together (Adan, San Diego California)
How do I fund my 6-month emergency fund if I pay for my insurance once a year (Mary Margaret, Baton Rouge, LA)
Is it wise to get our first rental house if we're in our 50's (Shawn, Davenport FL)
===== Get The Millionaire Roadmap online course HERE: http://bit.ly/best789
“Quit Like a Millionaire” co-author Kristy Shen was interviewed by Acorns and shares her investing lessons she learned after 2008 that helped her retire in her 30s.
Maddie + Anthony rejoin the studio and discuss their lives over the past several months.
If Biden gets elected should I count on student loan forgiveness (Kaitlyn, Pontiac IL)
Why is using the Robinhood app to make money a bad thing (Jennifer, Florence Kentucky)
My lease is up soon - how can I renegotiate it (Dolores, Wisconsin)
TIP: Order wine online to help support Napa business (Terii, Sonoma CA)
Have you changed your mind about travel insurance (Makeen, Louisiana)
FIRE dating app to find the savings nut of your dreams.
===== Get The Millionaire Roadmap online course HERE: http://bit.ly/best789