Money! with Stacy Johnson: Recent Episodes
MoneyTalksNews.com
Welcome to Stacy Johnson's "Money!" A podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.
Tariffs taking off. Shelves emptying. Recession clouds forming.
President Trump's trade war could turn your finances upside down with the stroke of a pen.
Will manufacturing return to American soil? Can your portfolio survive 60% tariffs on Chinese imports? Is retailing facing a retail-iation?
We're dissecting the market madness on this week's podcast. It's information you can't afford to miss. So grab your favorite beverage, tune in, and prepare for insights.
It could save your savings.
For all the latest financial strategies during these turbulent times, subscribe to the Money Talks News newsletter and YouTube channel today. Your wallet will thank you!
And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you!
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Tariffs are soaring. Markets are diving. Uncertainty is spreading across Wall Street.
President Trump's policy shifts have investors' retirement accounts on a rollercoaster ride with no end in sight.
Will manufacturing return to American shores? Can businesses plan with constantly changing trade policies? What happens when one tweet can move markets by trillions?
We're breaking down all this market chaos on this week's podcast. It's information you can't afford to miss. So grab your financial life jacket and listen up.
It could save your retirement.
Click to watch on Youtube: Is Trump Really a “Stable Genius”? Don’t Bet Your Retirement On It
00:00 - Introduction: Markets rocked by Trump's tariff announcements
01:44 - Recap of market losses: Trillions wiped from retirement accounts
03:09 - The history of Trump's trade deficit concerns since 1987
04:29 - Analyzing the validity of trade deficit arguments
05:37 - Understanding the impact of 145% tariffs on Chinese goods
08:37 - The problem of one person controlling market movements
10:30 - How global countries are responding to America's trade policies
12:16 - The challenge of manufacturing returning to America
14:55 - Comparing labor costs: $70/hour US vs $6/hour Mexico
17:36 - Investment advice during market uncertainty
19:12 - Conclusion: Remain calm but cautious with investments
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Click to watch:
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Love growing your wealth? You'll enjoy these courses.
- Take our course The Only Retirement Guide You'll Ever Need
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Trump's sudden tariff announcements sent markets into a tailspin, with major indexes dropping significantly before a partial recovery following his 90-day postponement. Stacy Johnson expresses deep frustration that one person can move markets by trillions with a single tweet. The 145% tariff on Chinese goods threatens to create essentially a trade embargo with America's largest trading partner. Economists remain divided on trade deficits, but the inconsistent policy approach has paralyzed business planning and investment decisions. Johnson advises against panic selling but acknowledges he's freezing new investments until there's more clarity. The podcast explores how domestic manufacturing would increase consumer prices, with American auto workers earning $70/hour versus $6/hour in Mexico. Canadian tourism to the US has dropped 40% as international allies feel alienated by Trump's trade stance.
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Markets are sinking. Tariffs are looming. Wall Street's sweating bullets.
Trump's trade policies have stocks on a downward rollercoaster, but savvy investors smell opportunity in the chaos.
Will your portfolio weather the tariff storm? Is this the buying chance you've been waiting for? Should you join the gold rush while others panic?
We're unpacking all that and more on this week's podcast. It's financial wisdom you can't afford to miss. So grab your shopping list, steady your nerves, and tune in.
It could turn market lemons into investment lemonade.
Watch the YouTube version:
https://youtu.be/SVAIR30bI4Q
00:00 - Introduction and market downturn overview
00:47 - Why you shouldn't panic during market drops
01:08 - Evaluating if your portfolio allocation is appropriate
01:37 - When to start buying during market declines
02:13 - Gold and alternative investments as hedging options
02:32 - Learning from the 2009 Great Recession opportunity
03:54 - Creating a shopping list of desired stocks
04:23 - The paradox of wealth creation during bad times
04:54 - Final advice and long-term perspective
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Tariffs are trending. Prices are climbing. Economic uncertainty is looming.
President Trump's trade policies could transform your financial future in unexpected ways.
Will manufacturing jobs return? Are your household costs about to soar? What happens when a 60% tariff hits everything from tech to textiles?
We're unpacking the tariff mystery on this week's podcast. It's straight talk about trade you can't afford to miss. So grab your coffee, take a seat, and tune in.
It could save you serious money.
And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you!
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Click to watch YouTube version:
The Layman’s Guide to Tariffs: 5 Things You Should Know
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Chapters
00:00 - Introduction to Money Talks News podcast
00:16 - Explaining free trade in an ideal world
02:28 - How American consumer choices led to job losses
03:59 - Who really caused manufacturing job losses
05:40 - What tariffs are and their purpose
07:34 - Why tariffs can lead to price increases
08:43 - How tariff uncertainty affects business planning
10:03 - The benefits of tariffs: revenue, job protection, reshoring
11:32 - The downsides of tariffs: inflation, protecting mediocrity
11:57 - Investment strategy during tariff uncertainty
12:22 - Final thoughts and website information
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Markets are crashing. Portfolios are bleeding. Uncertainty is clouding the investment horizon.
When stocks take a nosedive, your reaction could make or break your financial future.
Will you panic and sell at the bottom? Can you stomach the volatility? Are you prepared to recognize bargain opportunities when others are fearful?
We're dissecting the bear market survival guide on this week's podcast. It's battle-tested wisdom from 45 years in the trenches. So breathe deep, listen carefully, and absorb these insights.
It could save your retirement.
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Click to watch: https://youtu.be/0xKCEupBE88
Bear Market Checklist: 5 Things to Do When the Market Tanks
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The CFPB is under attack. Banks are celebrating. Consumers are left in the dark.
The Consumer Financial Protection Bureau's powers are being stripped away.
Will the watchdog's bark be silenced? Are fraudsters free to roam? What will billions in bank influence do to your finances?
We're uncovering the shocking truth and more in this week's podcast. It's information you need to know. So sit back, relax, and tune in.
It could save you thousands.
00:00 Introduction: CFPB's role in protecting consumers
02:31 Example: Woman loses $16,000 to debt relief scam
05:22 CFPB and state attorneys general sue predatory companies
07:17 Impact of CFPB's closure on ongoing cases
09:56 Why powerful banks and billionaires oppose CFPB
13:21 CFPB's partnership with state attorneys general
15:47 Stacy Johnson's perspective as a consumer reporter
18:16 CFPB's $21 billion return to consumers vs. $700 million budget
20:40 Call to action: Contact representatives to defend CFPB
23:06 Importance of staying informed and protecting consumers
Contact representatives to defend CFPB
https://www.congress.gov/members/find-your-member
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Click to watch Youtube version : https://youtu.be/VkaXcllCkVE
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Summary:
The Consumer Financial Protection Bureau (CFPB), established in 2010 to protect consumers from financial fraud and abuse, is being dismantled. The agency's offices have been closed and staff dismissed, leaving consumers vulnerable to predatory practices. Examples include a woman who paid $36,000 to a debt relief company, with $16,000 going to fees, and a mortgage company giving unaffordable loans to mobile home owners. The CFPB, in partnership with state attorneys general, has held these companies accountable, but ongoing cases are now being dismissed. Powerful banks and billionaires oppose the CFPB's oversight, influencing politicians to deregulate the financial industry. The CFPB has returned $21 billion to consumers, far exceeding its $700 million annual budget. Consumers are urged to contact their representatives and defend the CFPB to prevent a repeat of the 2007-2008 financial crisis. Without the CFPB's protection, consumers are at risk of falling victim to financial fraud and abuse.
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Major changes to the Affordable Care Act (ACA) are under consideration by Congress. Key proposals include requiring full repayment of excess subsidies, removing coverage for DACA recipients, and eliminating the "family glitch" rule.
Most significantly, enhanced pandemic-era subsidies will likely expire in 2025, potentially doubling premiums for many families. A family of four making $120,000 could see monthly premiums jump from $850 to $1,650.
These changes could reverse progress in reducing uninsured rates and significantly impact healthcare affordability for millions of Americans.
00:00 - Introduction
00:21 - Congressional Healthcare Changes Overview
01:07 - ACA Subsidy Repayment Requirements
02:02 - DACA Recipients and ACA Coverage
04:05 - Family Glitch Rule Discussion
05:45 - Enhanced Subsidy Expiration Impact
07:48 - Premium Increase Examples
08:32 - Future Implications
09:38 - Closing Remarks
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Click to watch youtube version:
Leaked Republican Proposals Signal Obamacare Overhaul
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Your Phone's Been Holding Out On You!
Think your smartphone's just for scrolling and texting? Think again.
What if every minute you spend on your device could pad your wallet instead of draining it?
Mode Mobile is flipping the script on how we use our phones, and they're sharing the wealth - literally.
We're diving deep into this game-changing technology on today's podcast. It's information you can't afford to miss.
Your phone could start paying its own bills.
To stay ahead of the curve, subscribe to the Money Talks News newsletter, YouTube channel and download Mode Mobile today. Your wallet will thank you!
00:00 - Introduction & Company Overview
03:02 - How Mode Mobile Works
07:45 - Business Model & Revenue
10:30 - Investment Opportunity
15:20 - Growth Strategy & Future Plans
18:45 - Closing Remarks & Investment Risks
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Click to watch:
Introducing a New Phone That Pays You to Use It
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Disclosure: The information you read or watched is always objective. However, we sometimes receive compensation when you click links within our stories. This podcast was sponsored by Mode Mobile.
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Congress is exploring major changes to Medicare as part of efforts to offset potential tax cut extensions. Three key proposals are making waves in healthcare policy discussions.
Will Your Doctor Stop Taking Medicare? Are savings sustainable? What happens when hospitals hit the brakes?
We're dissecting the dollars and sense of Medicare's transformation. It's information that could impact your healthcare future. So tune in, take notes, and stay informed.
Your well-being could depend on it.
Click to watch podcast: 5 Ways Trump's Congress Is Planning to Change Your Healthcare
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Chapter Markers:
0:00 - Intro and Background
3:05 - Medicare Bad Debt Coverage
5:34 - Site-Neutral Payments Explained
8:13 - Medicare Coverage Expansions
9:15 - Potential Consequences
11:44 - Closing Thoughts
“You can either look rich or you can be rich, but odds are you won’t live long enough to accomplish both. Choose wisely.”
– Stacy Johnson, CEO Money Talks News
Since before there was an internet, there’s been Money Talks News.
Money Talks News was founded by CEO Stacy Johnson in 1991 to create and distribute personal finance news to network-affiliated TV stations nationwide. Decades later, Stacy’s still here and we’re still providing personal finance news and advice. These days we also syndicate both print and video stories to the top news portals on the planet, including MSN, Yahoo, AOL and many others.
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Markets are moving. Trump is talking. Investment opportunities are emerging.
The president's policies could reshape global financial markets in unexpected ways.
Will emerging markets surge? Can China stocks shine? How will tariffs impact international trade?
We're diving deep into investment strategies during Trump's presidency. It's information you need to know. So tune in and take notes.
It could make you wealthier.
Chapter Markers:
0:00 - Introduction and Investment Background
3:30 - Trump's Policy Impact on Markets
8:45 - Sector-Specific Investment Opportunities
15:20 - Risk Management Strategies
22:40 - International Market Opportunities
27:15 - Personal Investment Examples
31:00 - Closing Thoughts and Recommendations
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Click to watch: https://youtu.be/T7qjyP6uyeE
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Summary:
Former hedge fund managers from "The Big Short" are betting on emerging markets as Trump's potential return to office reshapes investment landscapes. These savvy investors, who made millions predicting the 2008 housing crisis, are now eyeing opportunities in Brazil and China, where stocks trade at more reasonable valuations compared to U.S. tech giants.
The podcast discusses Trump's clear messaging about tariffs, deregulation, and America-first policies, which could benefit specific sectors like industrials, financials, and energy. Host Stacy Johnson suggests following these signals while maintaining a balanced portfolio approach.
Notable insights include the potential risks of overvalued U.S. tech stocks trading at 40 times earnings, while companies like Alibaba trade at just 11 times earnings. Johnson shares his personal investment strategy, including taking profits on Nvidia and exploring opportunities in undervalued markets.
The discussion emphasizes the importance of risk management, diversification, and avoiding emotional investment decisions. Investors are advised to consider sector-specific ETFs for targeted exposure while maintaining core positions in broad market indices.
Stocks cited in show:
Equal Weighted ETFS
Alibaba
Brics ETF
Defiance EFT ex-Magnificent 7: XMAG
Sector SPDR ETF:
XLI
XLF
XLE
XLB
We discuss specific investments in this show, don't take them as recommendations, because they're not. Before you invest in anything, do your own research, and make your own decisions.
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AI is soaring. Technology is transforming. Innovation opportunities are knocking.
Artificial Intelligence could revolutionize your investment portfolio's future.
Will AI continue its meteoric rise? Are traditional industries ready for disruption? How will machine learning reshape our financial landscape?
We're diving deep into AI investment strategies on this week's podcast. It's knowledge you can't afford to miss. So tune in and power up.
It could make your portfolio smarter.
And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you!
Make new friends! Join the MTN Facebook Retirement Group
Click to watch: https://youtu.be/H-N6IAg8uSo
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Add "Money Talks News: The Podcast" to your favorite player!
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Market mayhem or magnificent momentum? The horse is back in the hospital!
Trump's return has Wall Street watching and wondering. Will tariffs trump trade? Will deportation derail labor markets?
The 10-year Treasury tells the tale - above 5% spells trouble. But AI advances offer silver linings amid the chaos.
We're exploring everything you need to know about protecting your portfolio in these peculiar times. So tune in, take notes, and stay informed.
Your wealth could depend on it.
Click to watch: "Will Trump Tank Your Retirement Account in 2025"
Takeaways
- The stock market thrives on predictability, not outrageous statements.
- Economic policies can have complex and unpredictable effects.
- Tariffs may protect domestic industries but can also lead to inflation.
- Bond vigilantes signal market uncertainty and influence government policy.
- Investing during uncertain times requires caution and strategy.
- AI is poised to revolutionize industries and investment opportunities.
- Dollar-cost averaging can mitigate risks in volatile markets.
- Understanding the relationship between interest rates and stock prices is crucial.
- Retirement planning should consider market volatility and personal risk tolerance.
- The future of work may be significantly impacted by AI advancements.
Summary
In this episode of Money Talks News, hosts Stacy Johnson and Aaron Freeman discuss the potential impact of Donald Trump's presidency on retirement accounts and the stock market. They explore the uncertainty surrounding economic policies, tariffs, and inflation, using the metaphor of 'the horse in the hospital' to illustrate unpredictability. The conversation delves into the role of bond vigilantes, investing strategies in uncertain times, and the transformative potential of AI in the economy.
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Add "Money Talks News: The Podcast" to your favorite player!
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Love growing your wealth? You'll enjoy these courses.
- Take our course The Only Retirement Guide You'll Ever Need
- Take our course Money Made Simple
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Flying solo? Your finances should soar too!
Single ladies are breaking the mold and building their own financial empires. But are you ready to take control of your financial future?
From real estate to retirement, from saving to spending smart - we're covering everything you need to know about managing money as a single woman.
Join us for this empowering episode packed with practical advice and proven strategies. Your financial independence awaits!
Ready to build your wealth, your way? Subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you!
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Add Money Talks News: The Podcast to your favorite player!
- YouTube
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- Spotify
Love growing your wealth? You'll enjoy these courses.
- Take our course The Only Retirement Guide You'll Ever Need
- Take our course Money Made Simple
Got a question, comment or topic you’d like to suggest? Tell us about it! Email us at hello@moneytalksnews.com. That’s hello@moneytalksnews.com.
Chapter Markers:
0:00 - Introduction & Demographics of Single Women
3:23 - Financial Challenges for Single Women
6:20 - Cost Sharing and Living Arrangements
10:15 - Building Financial Foundations
15:19 - Real Estate Investment Strategies
19:45 - Alternative Investment Options (REITs & Business)
23:30 - Managing Investment Decisions Solo
26:34 - Estate Planning Essentials
29:50 - Healthcare Proxies and Medical Decisions
34:05 - Long-term Care Considerations
36:20 - Building Support Networks
37:45 - Insurance Planning (Disability & Long-term Care)
38:56 - Closing Remarks & Resources
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.
Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
- Wealthramp
- Podcast: MoneyTrack
- Podcast: Friends Talk Money
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Markets are moving. Politics are pivoting. Economic uncertainties are escalating.
Trump's return could reshape America's financial landscape from Wall Street to Main Street.
Will tariffs trigger inflation? Can markets maintain momentum? How will immigration policies impact labor costs?
We're diving deep into these crucial questions on this year-end podcast. It's essential intelligence for your investment decisions.
Stay smart. Stay strategic. Stay subscribed.
Because knowledge isn't just power - it's profit.
For more market-moving insights, subscribe to the Money Talks News newsletter and join our YouTube channel today. Your portfolio will thank you!
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Click to watch: Predictions for Stocks, Rates and Housing for 2025 and How Trump Could Change Everything
Add "Money Talks News: The Podcast" to your favorite player!
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Chapter Markers:
0:00 - Introduction
3:33 - Stock Market Predictions
6:02 - Interest Rate Forecasts
8:53 - Housing Market Outlook
9:20 - Oil Price Projections
10:38 - Trump Policy Impact Analysis
13:24 - Immigration Effects on Economy
15:30 - Closing Thoughts & Contact Info
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Tax breaks are brewing. Benefits are ballooning. Revenue worries are rising.
Trump's latest tax proposals could transform your wallet's future overnight.
Will tip workers celebrate? Can caregivers catch a break? What happens when Social Security loses more funding?
We're diving deep into these game-changing proposals on this week's podcast, featuring our special guest and managing editor Karla Bowsher. Follow along with her viral article "8 Groups Who Can Expect New Tax Breaks Under Trump" as we break down each potential tax change.
It could save you thousands.
And to stay informed on the latest tax developments, subscribe to the Money Talks News newsletter and YouTube channel now. Your accountant will thank you!
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Click to watch: "8 Groups Who Can Expect New Tax Breaks Under Trump"
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Love growing your wealth? You'll enjoy these courses.
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Chapter Markers:
0:00 - Introduction & Overview
2:01 - Tax-Free Tips Proposal
6:36 - First-Time Homebuyer Benefits
10:15 - Unpaid Caregiver Tax Credits
13:42 - Overtime Tax Elimination
15:55 - Social Security Tax Changes
19:32 - Car Loan Interest Deductions
21:17 - SALT Deductions
22:38 - Americans Abroad & Conclusions
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Retirement plans hang in the balance. Healthcare costs remain uncertain. Social Security faces crossroads.
Trump's proposed policies could reshape retirement as we know it.
Will Social Security survive? Can tariffs boost the economy? What happens to Medicare?
We're diving deep into retirement's future on this week's podcast. It's information you can't afford to miss. So grab a seat and tune in.
It could protect your retirement.
And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you!
Make new friends! Join the MTN Facebook Retirement Group.
Click to watch: "5 Ways President-Elect Trump Could Change Your Retirement"
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Chapter Markers:
0:00 - Intro
3:00 - Social Security Changes
6:00 - Healthcare Impact
9:00 - Inflation & Tariffs
12:00 - Interest Rates
14:00 - Conclusion
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The economy's revving up. Inflation's creeping in. Policy changes are looming on the horizon.
President Trump's second term could reshape America's financial landscape.
Will your taxes plummet? Are tariffs going to spike prices? What will happen to healthcare and Social Security?
We're diving into these hot topics on this week's Finance Friday podcast from Facebook Live. It's crucial information for your financial future.
So grab a coffee, settle in, and tune in.
It might just fatten your wallet.
And to stay ahead of the game, follow Money Talks News on social media and subscribe to our newsletter. Your future self will thank you!
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Click to watch:
4 Ways Upcoming Policy Changes Might Affect Your Wallet
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Chapter Markers:
0:00 Introduction
2:22 Income Taxes
15:30 Tariffs
26:17 Stock Market
30:40 Social Security
35:29 Healthcare
39:10 Immigration
43:49 Summary and Advice
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Housing market shake-up ahead? Trump's policies could turn real estate upside down.
Will tax breaks boost first-time buyers? Can federal lands solve the housing shortage? What about those tariffs and immigration plans?
We're diving deep into these hot topics on this week's podcast. It's information you can't afford to miss.
So grab your headphones, tune in, and get ready to navigate the changing real estate landscape.
It could make or break your next home purchase.
Stay informed and ahead of the curve – subscribe to the Money Talks News newsletter and YouTube channel now. Your wallet will thank you later!
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Click to watch:
4 Trump Plans That Could Help (or Hurt) the Housing Market
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Chapter Markers:
0:00 Introduction
1:17 Trump's Housing Policies
3:03 Mortgage Rates and Inflation
6:03 Immigration and Housing Supply
9:45 Federal Land Development
12:23 Recap and Conclusion
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If you're struggling to take your money to the next level, it might be your mindset. Or maybe you don't know where to start. If you're feeling stuck, a money coach might be able to help with long-term financial planning and building wealth.
Today's guest is Nicole Stanley, founder of Arise Financial Coaching. Her passion is helping people build wealth so they can create goodness in the world.
We're going to look at how your money mindset impacts your finances and the way a financial coach can help you take the next step toward building greater wealth.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
What is a money coach?
So many people are out there claiming to be able to tell you how to make the most of your money. Some of these folks have financial credentials, while others don't. Trying to figure out who to trust can be a big deal.
Nicole explains what a money coach does, pointing out that coaching has fewer regulations and is a different beast from financial advising.
It's also important to note that a financial coach doesn't do the same thing as a financial advisor and won't manage your money for you. Additionally, while some organizations recognize coaches, anyone can call themselves a coach and take your money.
We have a great article on how to choose a financial advisor that works for you.
What can a financial coach do for you?
While a financial coach isn't usually a credentialed financial professional, they can still help you on your financial journey. Here are some of the ways a money coach might be able to provide you with insights into your finances:
- Exercises to help you understand your relationship with money
- Help you understand your financial values
- Set money priorities that make sense for you
- See money as a tool to help you achieve your goals rather than being the end goal
- Make a change to how you view money
We also talk a little bit about financial shame and how some gurus, like Dave Ramsey, focus on that aspect to motivate you rather than finding positive motivation. (Check out our podcast episode on Dave Ramsey.)
Meet this week's guest, Nicole Stanley
Nicole Stanley is the owner and head money coach at Arise Financial Coaching. Her mission? Shame-free and accessible wealth-building education empowering women.
Nicole is a Latina founder and personal finance expert. After paying off debt and increasing her family's net worth through investing, she discovered her passion for helping women change their communities through financial literacy and wealth.
Arise Financial Coaching has helped hundreds of women escape debt, save, and become confident investors. Nicole and Arise have been featured on GMA, Yahoo Finance, Time, ABC News, Go Banking Rates, and more.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Healthcare is changing. Trump's policies could turn your family's finances upside down.
Will abortion access be restricted? Is the Affordable Care Act on the chopping block? What about those prescription drug prices?
We're exploring all that and more on this week's podcast. It's information you need to know. So sit back, relax, and check it out.
It could make you healthier and wealthier.
And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you!
Timestamps:
0:00 Introduction
1:00 Abortion Policies and Economic Impact
5:00 Affordable Care Act Modifications
9:00 Make America Healthy Again Movement
13:00 Food Regulations and Deregulation
14:40 Conclusion
- Click Here for the Free Money Talks News Newsletter!
- Take our course The Only Retirement Guide You'll Ever Need
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Stocks are surging. Rates are rising. Inflation clouds are beginning to gather.
President-elect Trump's policies could turn your family's finances upside down.
Will the stock celebration continue? Are taxes going down? What will 60% traiffs on Chinese imports do to prices?
We're exploring all that and more on this week's podcast. It's information you need to know. So sit back, relax, and check it out.
It could make you richer.
And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you!
Video version: https://youtu.be/Fi_qoOB_oJg
Timestamps:
0:00 Introduction
1:29 Stock Market Reaction
5:05 Trump's Tax Plans
10:05 Tariffs and Trade
15:27 Inflation and Interest Rates
19:54 Conclusion and Advice
- Click Here for the Free Money Talks News Newsletter!
- Take our course The Only Retirement Guide You'll Ever Need
- Take our course Money Made Simple
Become a member: https://www.moneytalksnews.com/members/
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Are you falling for financial fake news? A recent survey shows many Americans have wildly inaccurate views of our economy, potentially costing them big bucks.
From believing we're in a recession to thinking unemployment is sky-high, these misconceptions could keep you from making smart money moves. But here's the kicker: the economy's actually growing, unemployment's near record lows, and the stock market's been on fire. Ready to get the real scoop on the economy and make informed decisions with your money? Check out this week's Money Talks News podcast for fact-based insights and tips on finding reliable financial news. Don't let misinformation cost you – your future self will thank you for tuning in!
Subscribe to both the Money Talks News newsletter and our YouTube channel. You'll be glad you did!
Check out the video version:
https://youtu.be/2vd_ZBoic9k
Chapters:
0:00 Introduction and survey results
5:00 The truth about the economy
10:00 How to find reliable news sources
15:00 Elections and the stock market
20:00 Closing thoughts and resources
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Are you ready to cast your vote but still unsure how each candidate might affect your wallet? This week's Money Talks News podcast dives deep into the economic policies of Trump and Harris.
From tax plans to tariffs, energy policies to job transitions, we break down the key differences that could impact your family's finances. Our diverse panel of hosts, spanning from their 20s to late 60s, offers unique perspectives across generations and economic standings.
Whether you're a high-income earner or an average Joe, a Gen Z just starting out or a Baby Boomer nearing retirement, this episode has insights for you. But remember, these policies have far-reaching consequences beyond just your bank account.
Ready to make an informed decision? Tune in to this Insightful conversation. And don't forget to subscribe to both the Money Talks News newsletter and our YouTube channel for more expert financial advice and money-saving strategies. Your future self (and your wallet) will thank you!
Video Version:
https://youtu.be/okDOTcqbs5Q
0:00 Introduction and Election Talk
2:00 Income Tax Differences
5:00 Tariffs and Trade Policy
10:00 Energy Policy and Climate Change
15:00 Government's Role in Job Transitions
20:00 Summary of Candidate Differences
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
We've all heard the saying "money can't buy happiness," but is that really true? This week's podcast explores the connection between money and happiness, diving into Maslow's hierarchy of needs and its financial implications.
While some studies suggest there's a plateau to how much happiness money can bring, today's guest, Jim Wang from Wallet Hacks, argues it's more about how you spend your cash than how much you have.
Ready to unlock the secrets of a truly rich life? Tune in to this thought-provoking discussion. And don't forget to subscribe to the Money Talks News newsletter, Podcast, and YouTube channel for more expert financial advice and life-changing insights. Your happier, wealthier future self will thank you!
Become a member: https://www.moneytalksnews.com/members/
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Who Doesn't Want to Be a Millionaire? This week's 'game show' style Money Talks News podcast might just hold the key to your financial future. Host Stacy Johnson, worth over $10 million, shares his wealth-building secrets with two contestants aspiring to become millionaires.
Ready to test your knowledge on how to become a millionaire? Play along with the Money Talks News crew. And don't forget to subscribe to the Money Talks News newsletter and YouTube channel for more expert financial advice and money-saving strategies. Your future wealthy self will thank you!
0:00 Introduction and Game Setup
2:02 Six Ways to Become a Millionaire
5:36 Spending Less Than You Earn
8:03 Looking Rich vs. Being Rich
10:29 Investing in the Stock Market
14:34 Closing Thoughts and Advice
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Are you throwing your hard-earned cash down the drain? You might be if you're falling for these common money traps.
In this Facebook Live episode, Stacy Johnson, founder of Money Talks News, breaks down five financial pitfalls that could be costing you big time. From timeshares to car leases, gambling to subscription services, and investment scams, Stacy exposes the hidden costs and risks behind these seemingly attractive options.
But it's not all doom and gloom! Stacy also shares practical tips on how to make your money work harder for you, including shopping around for better interest rates and insurance policies. Plus, he dives into the nitty-gritty of retirement planning, discussing the pros and cons of traditional IRAs versus Roth IRAs.
Ready to stop the financial bleeding and start building real wealth? Tune in to this eye-opening discussion. And don't forget to subscribe to the Money Talks News newsletter and YouTube channel for more expert financial advice and money-saving strategies. Your future self (and wallet) will thank you!
Watch the show here:
https://youtu.be/F75aHRsRpZg
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Your Instagram and TikTok are full of them: Influencers trying to convince you to part with your hard-earned cash and spend it on some trendy item that you won’t be using two weeks from now.
While conspicuous consumption has been all the rage in recent years, with influencers sharing their massive hauls, there’s been a shift. In fact, the latest trend is DEinfluencing.
Is deinfluencing really where it’s at? And will it save you money? This week’s guest, Kara Perez, is the founder of Bravely Go, a website that focuses on sustainable finances. She’s also a deinfluencer and the author of Green Money: How to Reduce Waste, Build Wealth, and Create a Better Future for All.
Ready to save more with a little deinfluenceing? Take a listen to this eye-opening discussion. But before you do, don't forget to subscribe to the Money Talks News newsletter and YouTube channel for more expert financial advice and money-saving strategies. Your future self will thank you!
https://youtu.be/e636rxDyt0U
0:00 - Intro: What is Deinfluencing?
3:45 - The Rise of Influencer Marketing
8:30 - Key Deinfluencing Strategies
14:15 - Balancing Sustainability and Consumerism
19:00 - Impact on Companies and Product Quality
23:30 - Making Money as a Deinfluencer
27:00 - Conclusion: The Future of Deinfluencing
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
🔔 Subscribe for more money-saving tips: https://www.moneytalksnews.com/podcasts/
Youtube video of this episode: https://www.youtube.com/watch?v=LZ7g3mgZ8d8
In this episode of Money Talks News, Stacy Johnson tackles the age-old question: "How much money should you have when you retire?" Spoiler alert: There's no one-size-fits-all answer!
Join Stacy and his colleagues as they dive into:
✅ Why the "magic retirement number" is a myth
✅ How to track your spending and plan for the future
✅ The impact of interest rates on your retirement savings
✅ Why saving "as much as you can" might be the best strategy
✅ Stacy's personal insights on why he hasn't retired yet
Whether you're just starting your career or nearing retirement age, this episode offers valuable insights to help you plan for your financial future. Remember, it's not just about how much you save, but how you live!
🕒 Timestamps:
0:00 - Introduction
1:30 - The flawed retirement question
3:45 - Tracking your spending 5:30 - Interest rates and retirement
7:15 - The "save as much as you can" strategy
9:00 - Why Stacy keeps working
10:45 - Conclusion
💰 For more financial advice and money-saving tips, visit our website: http://moneytalksnews.com/
RetirementPlanning #FinancialAdvice #MoneyTalksNews #PersonalFinance
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In this week's Finance Friday host Stacy Johnson shares personal reflections and tackles key financial topics:
- Social Security: When to claim? Waiting until 70 maximizes benefits, but isn't right for everyone. Consider your health, job satisfaction, and financial needs.
- Stock market outlook: Currently overvalued, but timing the market is risky. Instead, invest regularly and buy more when prices dip.
- Retirement savings: The 4% withdrawal rule can work, but there's no one-size-fits-all answer. Save as much as possible and adjust based on your specific situation.
- Mortgage payoff vs. investing: With today's low rates, you may be better off investing extra cash than paying off a low-interest mortgage early.
Stacy also reminds listeners to stay informed and vote in upcoming elections, as political outcomes can significantly impact both health and wealth. As always, he emphasizes that while money doesn't buy happiness, it sure can be fun if you're already content. So build wealth, but don't forget to enjoy life along the way!
Watch now on Youtube: https://youtu.be/7UMHs7fs2L4
Join MoneyTalksNews' Retirement Facebook Group for more straight-talking financial advice from Stacy and the team. https://www.facebook.com/groups/moneytalksnewsretirement
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Last year, a NerdWallet survey found that 84% of Americans with a monthly budget spend beyond it. So what gives? If you have a budget, shouldn't that help you stay on track?
Maybe it's less about creating a budget and more about understanding your cash flow or how money moves through your personal economy.
To help us tackle our cash flow, we've invited Jason Vitug back to talk about his six-step system for better moving your money. You can find his system in his latest book, Make Your Money Smile.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Understanding cash flow vs. budget
One of the most important things to understand is how money moves through your personal economy. We discuss how your monthly cash flow is more than your budget. Some of the items we tackle with our guest Jason include:
- How to find your cash flow number
- Figuring out your broad categories
- Paying attention to when you get paid and when your bills are due
- Part of syncing your budget with your cash flow is understanding your values
We have some great past podcast episodes on money management, including how to make money management fun and manage your money the lazy way.
Tips for better money management
We also discuss ways to improve money management. One of the easiest ways to do this is to automate your finances. We have some suggestions for personal finance apps, like YNAB, that can help you automatically track your spending and see where your money is going.
Automated finances also include scheduling your bills and using autopay (although not all bills should be on autopay).
Other tips we talk about include making sure you save some money for fun things. Cutting everything you enjoy out of your budget can lead to binging later. We also have a few tips for saving money on everyday things, so you can spend more on things you love.
Focusing on your cash flow and setting up the right systems will help you make better financial decisions and get your money back on track.
Meet this week's guest, Jason Vitug
Jason Vitug is an award-winning creator, author, speaker, entrepreneur, and producer. He is the founder of the personal finance website phroogal.com, creator of the Road to Financial Wellness, and champion of #theSmileLifestyle, a community devoted to experiential and purposeful living.
Jason is the author of the bestselling and New York Times-reviewed book, You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life. His TEDx talk about breaking the money taboo is one of the most viewed talks on money.
In his previous life, Jason was a nationally recognized credit union executive championing financial wellness. He currently works on wellness initiatives with Fortune 500 companies, credit unions, community banks, and fintech startups.
Jason received his bachelor's at Rutgers University and MBA at Norwich University. He's an avid traveler, having visited all 50 states, explored 45 countries, and stepped foot on five continents. He is also a certified yoga teacher and breathwork specialist.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Join financial expert Stacy Johnson as he breaks down the recent Federal Reserve interest rate cut and its impact on your wallet. In this engaging live session, recorded on September 20, 2024, in the Money Talks News Retirement Facebook Group, Stacy explains:
- Why the Fed lowered rates and what it means for the economy
- How falling interest rates affect savers, borrowers, and investors
- Strategies for locking in higher rates before they disappear
- Tips for managing your stock portfolio in a changing market
With over 45 years of experience in finance, Stacy offers practical advice and answers viewer questions in real-time. Whether you're concerned about your savings, considering a mortgage, or wondering how to adjust your investment strategy, this episode provides valuable insights for navigating the current financial landscape.
Don't miss this opportunity to learn from a seasoned professional and get your money questions answered. Tune in to "Money Talks Live" for straightforward financial advice you can use today!
Want to be part of future live sessions? Join our Retirement Facebook Group: www.facebook.com/groups/moneytalksnewsretirement/
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
The great wealth transfer of trillions of dollars in assets – approximately $72.6 trillion over the next 20 years – has begun.
Among those assets are inherited properties, but it's tough to deal with the baggage that comes with an inherited house.
Pam Krueger from Wealthramp is back to go over essential questions to ask when you inherit a house.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Getting ready to inherit a house
It's not unusual to consider a home as part of an inheritance. However, if you're on the receiving end of that inheritance, you might not be sure what to do.
Pam points out that any type of inheritance can be emotional and lead to difficult conversations. If you need help talking to your parents, we have a podcast episode about how to talk to your aging parents about money.
When you decide to talk about inheriting a house with your parents and siblings, it might also be a good idea to bring in a financial planning professional or estate planner. Getting everyone together so you're all on the same page can reduce the stress involved later.
How to deal with an inherited house
As you review the inheritance, there are some important questions to ask, and plenty of pitfalls to avoid. Some of the most important things to address include:
- Is there a reverse mortgage on the home? Once your parents pass, a reverse mortgage can potentially put some limitations on your ability to keep the home in the family. Miranda shares a story of a friend who had no idea there was a reverse mortgage on an inherited house and is dealing with the fallout.
- Do you understand the capital gains? Pam talks about stepped-up basis for capital gains taxes on an inherited house. The good news is that you'll be protected from some of the tax consequences of inheriting.
- Should you buyout the home? Talk to your siblings about a buyout if you want to be able to do what you want with the inherited house.
- How do you split the proceeds? If you're sharing, you need to know how to split the proceeds—after the estate pays out for taxes and upkeep and other expenses.
- What's the family situation? Be realistic about your family situation and your parents as you discuss family matters and take into account everyone's preferences.
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate, award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor-matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.
Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
- Wealthramp
- Podcast: MoneyTrack
- Podcast: Friends Talk Money
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode of Money Talks News, Stacy Johnson and his team dive into the economic promises and potential impacts of the upcoming presidential election. With characteristic wit and skepticism, Stacy cuts through the campaign rhetoric to examine what Trump and Harris are really saying about the economy - and why much of it may be "bullsh--." From tariffs to tax cuts to home buyer incentives, Stacy breaks down the candidates' proposals and explains why many are unlikely to become reality. He also offers insights on how presidential policies actually affect the stock market and economy. If you're looking for straight talk on politics and your money, don't miss this lively and informative discussion!
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
You've undoubtedly met people who have made a lot of money in the stock market and dreamed you could become one, too. If that's you, I've got great news. You can learn to be a successful stock investor, make some money and maybe some friends while you're at it.
How? By joining an investment club. Today we welcome Ionnie McNeill, a member of the nonprofit National Association of Investors to give us the lowdown.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
What is an investment club?
Our guest, Ionnie, talks about joining an investment club and how it's helped her and others become better investors. Even though it's relatively easy to start investing no matter how much money you have, sometimes it helps to learn from others. Plus, investment clubs can also provide support.
For an index investor like Miranda, joining a club might not make sense. However, if you want to learn how to evaluate stocks and understand the metrics to use when picking stocks for your portfolio, an investment club can help.
Ionnie takes us through the mechanics of her club and how it works to help new investors learn. Additionally, being part of an investment club can motivate you, even as a seasoned investor, to implement principles that will benefit your portfolio over time.
We also talk about other types of investment clubs beyond stocks, like those that focus on real estate investing and other assets, that you can join based on your interests.
How to avoid investment club scams
Unfortunately, whenever you have a good thing, someone almost always wants to scam off it. That's the case with investment clubs as well. There are plenty of financial scams masquerading as investment clubs.
Ionnie helps us understand some of the scam red flags to watch out for:
- A stranger approaches you online, through social media or texting app.
- There's no real vetting process. A legitimate investment club usually has requirements to join and a process that allows you to see if you fit.
- There's a focus on day trading or getting rich quick.
- The asset selection process isn't transparent and you're told there's minimal participation.
Ionnie suggests joining the American Association of Individual Investors, which can help you find model portfolios and principles, and also checking out BetterInvesting.org, which can help you find (or even start) an investment club.
Meet this week's guest, Ionnie McNeill[caption id="attachment_492295" align="alignnone" width="837"] Courtesy of Ionnie McNeill / Money Talks News[/caption]
Ionnie McNeill is a longtime BetterInvesting member and volunteer, originally joining as a youth member. Currently, she is serving as a BI National Board Member and the President of the BetterInvesting South Florida Chapter. In the summer of 2020, Ionnie and 26 other people started the South Florida Model Investment Club, which welcomes visitors to come and observe how an investment club is run on BetterInvesting Principles.
"The Baby Billionaire's Guide to Investing" is her children's book explaining the importance of investing early and the power of compound interest. She is originally from Miami, FL and is a proud graduate of Howard University.
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Today we’re tackling a hot topic in the world of finance—the possibility of the Federal Reserve cutting interest rates in September. That’s right, the market is buzzing with speculation about what the Fed might do, and we’re here to break down what a rate cut could mean for your investments, your retirement plans, and the economy as a whole.
Could this potential move by the Fed be a boost to your portfolio, or might it signal something more concerning like a recession? We’ve got all the insights and strategies you need to prepare for whatever comes next.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Americans owe more than $1.1 trillion in credit card debt—and a good portion of that is because too many of us are using plastic to pay for basic necessities like rent and food. But no matter where your debt comes from, one thing's for sure. It's stressful. According to one survey, more than half of U.S. adults with debt say they feel stressed because of it.
So what can you do if you're feeling overwhelmed? Consumer attorney and debt relief expert Leslie Tayne is here to save the day. She specializes in law-based debt solutions and today she's going to help us with the steps to take when we're feeling overwhelmed by debt.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Are you overwhelmed by your finances?
It's not uncommon to feel overwhelmed by your debt. In fact, in this episode, we mention how Miranda made a mistake that destroyed her credit, even though she knew better. Stacy also talks about getting a handle on debt in his book Life or Debt.
We also look at some of the signs that your finances might be heading off track with signs such as:
- Living paycheck to paycheck
- Having more bad debt vs. good debt
- Difficulty creating and sticking to a budget that works
The good news is that you don't have to remain overwhelmed by your finances. And it doesn't mean you have to move or sell your car or take other steps that might not actually be helpful.
Considerations when getting out of debt
Our guest, Leslie, points out that no one method works for everyone. Some of the tips Leslie offers include:
- Try to detach from emotion as much as possible
- Look at your current finances, including whether you have a variable income
- Find ways to develop new habits and model better behaviors for your children
- Take into account short-term and long-term financial goals
We also discuss debt consolidation vs. debt settlement and when it makes sense to seek help from an attorney like Leslie.
Plus, if you're looking for help getting your credit score back on track, you can listen to our podcast episode about credit repair.
Meet this week's guest, Leslie Tayne
Leslie H. Tayne, Esq. is an award-winning financial attorney and author of Life & Debt. She has over 20 years of experience in consumer and business financial debt solutions, which includes negotiations with large international banks and credit agencies for loans, lines of credit, credit cards and student loans. Leslie is the founder and managing director of Tayne Law Group, P.C., a law firm headquartered in New York dedicated to debt solutions. Leslie is frequently sought out for her expertise on financial, credit, and debt topics in the media. As a speaker, she regularly provides insight and strategies regarding all areas of debt and credit-related solutions to outlets like the Huffington Post, Yahoo Finance, US News and World Report and MSN.
- Website
- Blog
- Twitter/X
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about the top four mistakes investors make.
When it comes to stocks, we all know we're supposed to buy low and sell high, but for many of us, that's a lot easier said than done. Many investors tend to buy when the market's topping, then panic and sell at the bottom.
That's one common mistake investors make, but it's far from the only one. Today, we're talking to a behavioral investing expert about how simple mistakes can lead to big losses, especially during times of economic uncertainty. He's going to help us avoid falling into behavioral traps and make us all better investors.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our guest is Jason L. Smith, CEO and founder of C2P Enterprises and author of The Bucket Plan.
Before you listen, remember: This isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn.
You can listen to the podcast wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
We all make money mistakes
It's impossible to get through life without making a mistake or two. Whether it's listening to the wrong financial guru or even if you make a big mistake (like Miranda) that ruined your credit, we've all been there. We talk specifically about investing mistakes, but we have plenty of resources to help you identify and avoid other money mistakes.
- 12 Home-Selling Mistakes You'll Regret
- 7 of the Worst Car-Buying Mistakes You Can Make
- 6 Mistakes To Avoid When You Turn 65
- 27 Big Financial Mistakes That Most People Make — and How to Fix Them
- 14 Mistakes That Are Running Up Your Water Bill
- 16 First-Time Homebuyer Mistakes To Avoid
- 10 Embarrassing Mistakes Almost Everyone Makes
- 5 Retirement Planning Mistakes You'll Regret Forever
- 9 Money Mistakes Setting Fire to Your Future
Investing for the future
Don't let the fear of making mistakes keep you from investing. In fact, one of the biggest mistakes is not getting started. Here are some articles that can help you become a better investor.
- 3 Myths That Successful Investors Wish You'd Stop Believing
- Saving Is Not Enough: Why You Need to Invest
- 5 Simple Tips to Make Money With Stocks
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- How to Choose Between Active and Passive Investing
- 7 Things You Should Know Before Investing in I Bonds
- 9 Tips for Sane and Successful Stock Investing
- Environmental, Social and Governance (ESG) Investing: Hope or Hype?
- How to Invest When Both Stocks and Bonds Are Falling
- 7 of the Best Ways to Invest That Don't Involve Stocks
- How to Find the Best Dividend Stocks, Step by Step
- How to Position Your Investment Portfolio for Tax Advantages
Meet this week's guest, Jason L. Smith
Jason L. Smith, CEP®, BPC is a nationally acclaimed speaker, financial planner, best-selling author, coach, and entrepreneur. He is the founder and CEO of C2P, as well as JL Smith, his own holistically run financial services practice.
Jason is the author of the best-selling book, The Bucket Plan: Protecting and Growing Your Assets for a Worry-Free Retirement, which was recently named by U.S. News & World Report as one of the Top 10 retirement planning books and the only one based on a financial planning process. He also wrote Clarity 2 Prosperity: An Advisor's Guide to Charging Planning Fees for Holistic Planning, and co-authored The Hiring Advantage. Jason's Bucket Plan philosophy inspired a children's book designed to teach kids responsible spending, saving, and earning principles, Days Can Be Sunny for Bunnies and Money.
Jason and his wife, Holly, have a daughter, Jordan, and two sets of twins: Berkeley and Wyatt, and Lincoln and Lennon. Jason enjoys reading, grilling, yoga, strength training and anything that gets him outdoors.
- Website
- X (Twitter)
- Threads
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Americans are worried about retiring, with 61% concerned they won't have enough money to support their lifestyle. On top of that, 20% of those over the age of 50 don't have ANY retirement savings.
This is a ticking time bomb for many people. But there's help on the horizon. Now, savers can supercharge their retirement savings now that more provisions from SECURE 2.0 Act of 2022 are going into effect.
Secure 2.0 is a law encouraging employees to contribute to 401(k) or 403(b) plans.
In today's podcast, Ed Slott, CPA and founder of IRAHelp.com, and author of The Retirement Savings Time Bomb Ticks Louder; helps us understand what savers need to know about SECURE 2.0 and how it can help them.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
What you need to know about SECURE 2.0
This is a follow-up to an episode we did with Ed Slott last year, previewing SECURE 2.0 and what you need to know about the updates from the original SECURE Act passed in 2019.
You might complain about politics and Congress, but it's important to stay on top of some of these changes. We talk about how some of the ways that SECURE 2.0 is starting to take effect, with our guest Ed pointing out that many of the provisions are spread out over the coming years.
Some of the main changes you'll see in SECURE 2.0 include:
- New catch-up contributions for people aged 60-63
- Automatic enrollment in 401(k) plans
- Roth versions of SEP and SIMPLE IRAs
- Updated QCDs
- The ability to roll 529 money into a Roth IRA
What you need to know for a richer retirement
Building a richer retirement is about planning and understanding how to use these new laws to get more bang for your retirement buck. We talk about how to plan for higher taxes in the future, whether an annuity makes sense and how to decide when to start relying on retirement income.
We also discuss how some of the SECURE 2.0 provisions could lead to decisions that might not help your retirement. For example, the new ability to withdraw money for emergencies without paying the extra penalty could result in less money later.
Ed points out that using retirement money in an emergency still results in taxes, and it could also lead to opportunity costs down the road. While life happens, having an emergency fund and only drawing on your retirement as a last resort.
Meet this week's guest, Ed Slott
Ed Slott is a nationally recognized IRA distribution expert, television personality, and best-selling author who has dedicated his life to educating Americans on the intricacies of IRAs. He was named "The Best Source for IRA Advice" by The Wall Street Journal. Slott is the author of numerous highly acclaimed books, including his latest, The Retirement Savings Time Bomb Ticks Louder.
He has also hosted several public television programs, including his latest, Ed Slott's Retirement Freedom!, and is a Professor of Practice at The American College of Financial Services.
- IRAhelp.com
- Get Ed's new book
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Editor's Note: This episode initially aired on March 15, 2023. It may contain some details that are out of date.
According to the latest report from Vanguard, looking at the average amount of money saved for retirement, there's a good chance you might not be on track for comfort in your golden years. The average 45-year-old has less than $180,000 saved for retirement.
But how do you change that? How do you even figure out when you have enough to retire? This week's guest is going to help you figure out your retirement number — and how you can reach it.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Chris Mamula, one of the partners at Can I Retire Yet? He retired at 41 by figuring out his retirement number and working toward financial freedom. He's going to share his process and the steps you can take to retire earlier than you thought.
Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Do you know how much you need to save for retirement?
We talk about the importance of being mindful, looking ahead and thinking about what you want out of life as you plan for retirement. Our guest, Chris, talks about the importance of a retirement number, but it's less of a specific number and more of a plan.
Meet this week's guest, Chris Mamula used principles of traditional retirement planning, combined with creative lifestyle design, to retire from his career as a physical therapist at age 41. He, his wife and his young daughter then made a cross-country move from Pennsylvania to Utah to pursue their passion for outdoor adventure.
After poor experiences with the financial industry early in his professional life, Chris educated himself on investing and tax planning, including recently completing the Certified Financial Planner education curriculum and passing the CFP exam.
Chris now draws on his experiences to write and speak about DIY wealth building, investing, financial planning, early retirement and lifestyle design at the blog Can I Retire Yet? He is also the primary author of the book "Choose FI: Your Blueprint to Financial Independence." In addition, Chris works one-on-one with those looking to improve their finances and use them to create a better lifestyle as an advice-only financial planner with Abundo Wealth.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Gen X is often considered the overlooked generation, but we're looking right at YOU today.
Gen X is people born between 1965 and 1980, so this is a group that should be starting to think about retirement. But will they be ready?
As the Baby Boomer generation aged, they figured they'd need just under a million – $990,000 to retire. Gen X? Different story. According to the results of a January survey by Northwestern Mutual, the average amount that people across this age group said they would need to retire comfortably is closer to $1.5 million.
Yet, the average Gen X household has only $40,000 in retirement savings, compared to the Baby Boomers' average of $70,000.
This week, friend of the show Pam Krueger from Wealthramp joins us to talk about what you can do if you're worried about hitting your retirement mark.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Gex X is stressed about retirement
Miranda and Aaron are Gen X, but they're not super-stressed about retirement. At least not yet. They're a little ahead of the curve in terms of average net worth by generation, but that has more to do with their career path than anything else. However, if you're Gen X and worried about retirement, you're not alone.
Gen X is feeling the pinch of being the sandwich generation, and we discuss that reality with our guest, Pam. With all the family financial pressures, it's no surprise that Gen X is feeling concerned.
The good news is that there's still time to catch up and make a plan for a better financial future, and we talk about it in this episode.
Steps for securing your Gen X retirement
Pam takes us through some of the most important steps you can take to make retirement a reality, even if you feel like you've fallen behind. Some of the things you can do right now include:
- Use a deep dive into your finances to figure out where you're at and create a plan for your money.
- Identify your magic number for retirement, including the calculations you need to determine it.
- Contribute to tax-advantaged retirement accounts (including the Roth IRA) and make catch-up contributions if eligible.
Check out our podcast episode on turbocharging your retirement savings for more information on getting more bang for your future buck.
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.
Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
- Wealthramp
- Podcast: MoneyTrack
- Podcast: Friends Talk Money
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
If you're on a steady salary, creating a spending plan is straightforward, because you know both what's coming in and what's going out every month.
But what if you don't have a stable salary? What if you're one of the millions of Americans who do side work or own a business or get paid commission?
For you, a variable income is just part of the deal. This is also true for people who depend on tips, like bartenders, Uber drivers, servers -- you name it.
So, how are you supposed to budget or create goals when you don't know how much money you're going to make tomorrow, much less next month or next year?
Let's find out. In today's podcast, we're going to tackle the topic of creating a stable budget with an unstable income.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our guest is Barbara Sloan, a former exotic dancer and the author of "Tipped," a book about financial empowerment for service industry workers.
Be aware that nothing you hear on this podcast constitutes financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
What kind of career do you have?
We tackle some of the main things you need to be aware of when you work in a career that features a variable income. Barbara's book, Tipped, takes you through what you need to know as well.
If you're looking for a new career or source of income, check out some of our articles on different jobs and side hustle ideas.
- The Ultimate Guide to Building Freelance Income
- Side Hustle Success: Financial Freedom From Lipstick and Bras
- 7 Tips for Getting a Great Part-Time Job in Retirement
- Calling All Night Owls: 14 Jobs for People Who Like to Stay Up Late
- 16 Early-Morning Jobs for People Who Wake Up With the Sun
- 10 Companies That Hire Part-Time Proofreaders and Editors
- 7 Things You Need to Know About How to Get a New Job in 2023
- 4 Tips for a Modern Online Job Search
- 25 Companies Switching to Permanent Remote Work-From-Home Jobs
- 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
- Why You Can Benefit From a Career Coach
Get more from your money
Don't forget about money moves you can make, no matter what your income looks like. Here are some of our best resources for budgeting, saving, investing and spending your money.
- 6 Things Every Self-Employed Worker Should Know About Taxes
- Money Tight? 4 Legit Ways to Bring in Extra Cash
- Keep Your Money and Health on Track With These 9 Apps
- 32 Inflation Hacks to Save You Money in an Economic Downturn
- 10 Depression Era Hacks and Frugal Living Ideas to Save Money Now
- 10 Ways to Change Bad Spending Habits and Save Money
- The 5 Best Budgeting Apps to Get Your Finances Together
- 8 Surprising Ways to Become Richer Within the Hour
- Your Guide to Alternative Investments
- Where Stocks Are Going in 2023 and Where You Should Invest Now
- 7 Things You Should Know Before Investing in I Bonds
- The 60/40 Investment Mix Is Dead – or Is It?
Meet this week's guest, Barbara Sloan
Barbara Sloan is the author of the book Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals.
Barbara was a homeless teen, who danced for dollars, and definitely did not graduate from college. She spent two decades working in every imaginable position in the service industry all over the country and learning about money on her own.
In addition to owning and running a construction company in the heart of Manhattan, she is a personal finance expert and coach. She leverages her experience in the service industry to focus on issues that many in the mainstream financial media don't cover.
Barbara lives in New York City with her wife of 10 years, an esteemed corporate finance exec, and together they are a couple of adorable money nerds who point out every dog they see.
- Website
- Book
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Welcome to Money Talks News, the podcast making you richer one day at a time.
Close to 61% of Americans have a business idea, but it can be tough to actually take the next step. Plus, what happens if you make a major mistake and fail?
In this episode, we're talking about how to avoid major blunders when starting a business with special guest Jaspreet Singh from The Minority Mindset.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Starting a business can have benefits
Stacy, podcast producer Aaron Freeman and Miranda all run their own businesses, and this week's guest, Jaspreet, talks about his. Interestingly, money isn't the only reason people start a business although it's certainly a major one. Freedom and flexibility are also reasons to get started, as well as the desire to diversify income and leave the corporate grind.
You might be surprised to learn that you can start a business for $1,000 or less. In fact, Jaspreet points out that one of the best things you can do with your business is to get started and aim to make your first $1,000 and figure out the rest later.
Even if you think of your business as a side hustle, it can still make sense to consider its benefits and focus on those as you create your plan for the future.
Avoid these business mistakes
We also talk about the biggest business mistakes to avoid as you get started. Jaspreet points out that mistakes can be expensive, so it's better to learn from others so you know how to avoid the worst business blunders.
Some of the business missteps we cover in this episode include:
- Not planning for taxes, including Miranda's mistake of forgetting that state governments levy taxes on top of your federal taxes.
- Failing to understand where to invest time and money in your business. Jaspreet talks about how so many people get hung up their logo and business name and never even get started. He shares some of the most important things to focus on.
- Forgetting to think about who you plan to serve and what you have to offer.
- Not putting together a marketing plan. You can have the best business idea in the world, but if you don't have a plan to reach those who need it, you won't be successful.
Meet this week's guest, Jaspreet Singh
Jaspreet is a licensed attorney and the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel. Although he didn't receive any formal financial education. He's on a mission to make financial education fun and accessible.
During the launch of his sock company, he was scammed by a marketing company which cost him thousands of dollars. This scam pushed him to start an educational social media page called Minority Mindset. The Minority Mindset implies thinking differently than the majority of people. It's not a racial minority.
He started the Minority Mindset YouTube Channel as a hobby to teach others how not to make the same mistakes he made.
Now, the Minority Mindset brand has grown into a number of companies, including Briefs Media and Market Insiders.
- Website
- YouTube
- TikTok
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode of the Money Talks News podcast, we're talking about how organizing your money can make you richer and how to get there with the least possible pain.
This will probably come as no surprise, but according to a recent survey, only 23% of Americans have a formal financial plan. And you can probably guess why: 76% of those without a plan say they feel overwhelmed by the thought of creating one, and 56% say life is too uncertain for a plan to have any value.
That's a bummer because having a plan for your money can lead directly to having more money. And as we like to say around here, more money is better.
That's why this week's guest is going to help us get our money ducks in a row.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our special guest today is Alissa Maizes, the founder of Amplify My Wealth, a registered investment adviser.
Remember, this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Better organization in finances and in life
Getting organized can help you in lots of ways, including your finances. From using containers to organize your stuff to using an app to organize your money, we've got tons of tips and resources for you.
- How to Organize Your Finances, Step by Step
- 10 Ways to Get Your Financial Life in Order
- Frugal Living Guide: How to Have Less Stuff and Save Money
- 17 Products to Keep Your Car Clean and Organized
- Get Organized Using Containers You Already Own
- 10 Ways to Reuse Takeout Containers
- How to Organize a Home Office on the Cheap
- 10 Set-Up Essentials for Working From Home
- Organize Your Home With These 10 Thrift Store Finds
- 12 Smart Tricks to Organize Every Room of Your Home
- 17 Things You're Keeping for No Reason — and Should Toss
- 14 Things We Buy and Then Almost Never Use
How to budget for more organized finances
A budget, or spending plan, can be a great way to stay on top of your finances. We talk about that in this podcast episode, but there are plenty of other resources available on Money Talks News. Here are some of our articles that can help you better budget and keep track of what's going on with your money.
- How to Create a Budget You Love: 5 Things You Need to Know
- How to Use the 50/20/30 Rule as Your Budgeting Plan
- 10 Top Budgeting Lessons to Improve Your Money Management
- How to Create a Budget You Love: 5 Things You Need to Know
- The 5 Best Budgeting Apps to Get Your Finances Together
- How to Create a Realistic Retirement Budget
- 4 Tips for Setting (and Sticking to) a Vacation Budget
- 4 Money Conversations to Have With Your Partner When You Budget
- 10 Tips to Travel Abroad on a Budget (for Weeks at a Time)
- 9 of the Best Ways to Save Money on a Tight Budget
- 25 Tax Planning Tips for Now and the Future
- Start Planning Your 2023 Vacations With These Cards
- Financial Advisers Say These Are the Top 10 Retirement Planning Mistakes
Meet this week's guest, Alissa Maizes
Alissa is a licensed attorney and registered investment adviser providing women and young adults with financial advice and a plan that embraces the life they want.
Alissa launched Amplify My Wealth to enable you to benefit from receiving financial advice, a financial plan and a partner that guides you on your journey to living the life you want. Her approach eliminates the traditional "waiting game" for clients who otherwise would be unable to avail themselves of having a fiduciary financial adviser that puts their needs first.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Most people expect to retire one day, and while they may have images of their future selves perfecting their golf game and hitting Wimbledon-worthy serves, let's face it: There's only so much golf and tennis you can play before becoming bored.
In fact, if you don't find some purpose beyond work after you retire, you could literally be at risk of dying sooner!
Today, we're talking to Nicholas Yeomans, CFP and president of Yeomans Consulting Group. We're going to discuss a new type of retirement. One where you find passion and purpose, stay engaged, and best of all, stay ALIVE!
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on YouTube Music (formerly Google Podcasts)
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
What will your retirement look like?
So often, we recognize that we need to save for retirement, but we don't often stop to think about what it will look like. What will you do during retirement? How will your lifestyle change?
Our guest, Nic, talks about The Millionaire Next Door, and the fact that you can develop a lifestyle that leads to a fulfilling retirement. Don't forget to go back and listen to our episode with Thomas J. Stanley's daughter about the latest millionaire lifestyle trends you can use to create a life you can enjoy.
We also go through some of the different things to consider as you plan for retirement—including your lifestyle preferences. Some of the items we address include:
- Cultivating and maintaining meaningful friend and family relationships
- How to plan for better health and cover health care costs in retirement
- Where the retirement income to support your lifestyle will come from
- What you need to know about maintaining your mental health
- How to have intentional conversations about money and what you want to do in retirement with your partner
The whole point of retirement is to enjoy your later years. But too many people don't actually think about what retirement looks like. Our guest takes us through the most important things to consider, so you know how to take the next steps.
Planning for retirement income
Once you've figured out what matters most to you in retirement and what you want it to look like, you need the money to make it happen. With our guest, we discuss how to map out your income, including a debate over the 4% rule, mention of annuities, and how to invest for a bigger nest egg.
Don't forget that you can learn how to spend less, save more and grow your income to work toward your goals. The reality is that understanding what you want from your retirement can help you visualize the results and keep you on track. That's why it's so important to understand your values and how you want your retirement to look so that you remain motivated.
Meet this week's guest, Nicholas Yeomans
Nicholas "Nic" Yeomans, CFP, is President of Yeomans Consulting Group, Inc., a registered investment advisor (RIA) based in Marietta, Georgia serving pre-retirees, retirees, family businesses, and professional real estate investors.
As a Certified Financial Planner (CFP®) and fiduciary, Yeomans specializes in tax planning, estate planning, and retirement income strategies, providing clients with education and understanding so they can make important financial decisions for a successful retirement. With more than 20 years in the financial industry, Yeomans considers himself a "retirement coach" and is passionate about providing guidance to those seeking lasting financial security by finding opportunities to build financial legacies that benefit them for years to come.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 165 webpage and links.
What if you could live in your home while someone else pays the mortgage? That's the idea behind house hacking.
House hacking refers to living in a home or multi-unit while renting out part of it. Dedicated house hackers say it's a great way to lay a foundation for a real estate empire—one that can catapult you to financial freedom. But will it work for you? Let's find out.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Robert Leonard, the author of The Everything Guide to House Hacking.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations because they're not. Before investing in anything or making any money moves, do your research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
What is house hacking?
In this episode, we talk about house hacking and the different forms it can take. From buying a home and living in it while you fix it up to purchasing a multi-unit property and living in it while your tenants pay the mortgage, there are different ways to get more from your primary residence.
Other real estate-related links:
- Learn about the 10 Things Preventing People From Buying a Home Today
- Listen to our podcast episode on 5 Ways to Cash in on Real Estate
- Ready to retire? Read our article on 8 Ways to Invest in Real Estate for Retirement
- You don't need a lot of money to start investing in real estate: How to Get In on Real Estate Investing Even If You Don't Have Much Money
- Wondering whether to focus on stocks or real estate? We break it down with this podcast episode: Which Is the Better Investment: Stocks or Real Estate?
- Looking for more ideas to make money? We've got some, including real estate, in 6 Clever Ways to Build Wealth Outside the Stock Market
What can you expect from real estate in the future?
Is now the right time to invest in real estate? Or should you wait? Before making that decision, check out our resources on what you need to know.
- Is the Housing Bubble About to Burst?
- The Top 10 Emerging Real Estate Markets Right Now
- 14 Markets Where Home Prices Could Plummet by 30%
- Is It Time to Buy Real Estate?
- 10 Housing Markets That Are Most Likely to Keep Their Value
And, if you're not sure about real estate, you can also turn to the stock market. It's pretty shaky right now, but that doesn't mean you can't make the most of it. Check out our podcast episode on 5 Things You Need to Know About This Horrible Stock Market.
Meet this week's guest, Robert Leonard
Robert Leonard is the vice president of growth at The Investor's Podcast Network, podcast host of "Real Estate 101" and "Millennial Investing," founder and managing partner of Piranha Capital, and founder of EverythingHouseHacking.com. He earned an MBA in accounting and finance and a BSBA in finance and economics, and is a certified management accountant (CMA).
- Robert's book
- Robert's Instagram
- Publisher Instagram
- Robert's podcast network
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode of Money Talks News, the podcast explores the history and importance of financial independence, particularly for women, with special guest Jannese Torres. Jannese shares her personal journey from a toxic marriage to financial independence and discusses her award-winning podcast 'Yo Quiero Dinero,' which aims to educate women about financial literacy. The conversation covers effective financial strategies, side hustle ideas, the significance of legal agreements like prenups and postnups, and the psychological benefits of paying yourself as an entrepreneur. Jannese also introduces her new book, 'Financially Lit,' designed to guide Latinas through various financial challenges.
00:00 Introduction to Financial Independence
00:26 Meet Janice Torres: From Toxic Marriage to Financial Freedom
00:46 The Accidental Personal Finance Educator
01:28 The Birth of 'Yo Quiero Dinero' Podcast
02:30 Why Financial Independence is Crucial for Women
03:51 Practical Tips for Financial Freedom
04:46 Overcoming Bad Money Habits
07:07 Exploring Side Hustles and Income Streams
12:04 Success Stories and Entrepreneurship
17:26 Overcoming Public Speaking Anxiety
18:41 Building a Freelance Writing Career
19:58 Understanding Social Media Marketing
22:27 Financial Management for Entrepreneurs
24:31 The Importance of Prenups and Postnups
31:23 Conclusion and Final Thoughts
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Building a business to improve your money choices
Did you know that a woman's right to get a credit card without the signature of a man is only 50 years old? It's true. Until the passage of the Equal Credit Opportunity Act in 1974 financial institutions could discriminate against women who didn't have a male cosigner. The right for women to get a business loan without a male cosigner is even later—1988.
For women, having money can be especially important, but everyone can benefit from starting a business for income stability and a shot at a better life. Owning your own business can also facilitate:
- Leaving a bad job or just getting a better job
- Walking away from a toxic relationship
- Moving to a better situation
- Build an emergency fund
Even if you don't plan to use a business to replace a day job, having a side business or other type of income diversity can expand your choices. It can be part of your financial independence journey. Regardless of where the money comes from, our article on building a financial plan for the life you want can help you figure out how to establish your priorities and make money choices that work for you.
Tips for building a successful business
This episode includes practical tips for building and protecting your business. For more ideas on getting started, check out our podcast episode on how one man built a business empire by selling lipstick and bras.
Jannese shares some of her best tips for getting started, including:
- Understanding what you have to offer potential customers and clients
- Focusing on going to where those who need you actually are, including being choosy about which social media platforms you spend time on
- Choose your advertising strategy based on where customers and clients are likely to be
- Create compelling content
- Don't forget about business planning, including planning for taxes and creating a separate bank account to handle business income and expenses
- Look into different legal insurance, business insurance or other insurances you need to protect your business
- If you're planning on getting married, get a prenup that protects your business assets and preserves them for you in the event of a divorce
- Consider a postnup if you start your business after getting married
- Don't be afraid to talk about money
We also talk about the difference between a coach and a consultant, and how figuring out where to get the right advice for you is also part of growing a successful business. We also talk about Miranda's book, Confessions of a Professional Blogger, and how it serves as another income source for Miranda, as well as a practical book for those who want to get started with the business of freelancing.
Meet this week's guest, Jannese Torres
Jannese Torres is an award-winning Latina Money Expert. She became an accidental entrepreneur after a job loss inspired her to turn her food blog into a six-figure business.
Throughout the years, her passion for entrepreneurship led her to notice a gap in the conversation around money. Inspired by the J. Lo and Cardi B song "Dinero," in 2019, she decided to start teaching marginalized communities about entrepreneurship, investing, and financial independence through her 5X award-winning personal finance podcast and platform, "Yo Quiero Dinero."
Jannese is an expert in the areas of digital entrepreneurship, content creation, financial independence, creating multiple income streams and passive income. With over a decade of experience in digital entrepreneurship, content creation and multicultural marketing, she is now a highly sought-after business coach who helps her clients monetize their skills and pursue financial independence.
- Website
- Book
- TikTok
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Editor's Note: Here's one of the best podcasts from the archive that you may have missed. This episode initially aired on March 06, 2021.
When my wife and I joined households 11 years ago, we combined our kitchen stuff, our furniture, our linens and just about everything else. The one thing we didn't combine? Our money.
When it comes to money, she does her thing and I do mine. About the only time our money meets is on our joint tax return.
This is the system that works for us, although it likely wouldn't work for everyone. That's the thing with money and relationships: There's no right answer. Anyone who tells you there's only one correct way to mix money and marriage -- and there are plenty of "experts" who do -- is just plain wrong.
The one thing that's universally true is that money secrets are bad. My wife and I don't combine our money, but we do discuss it. Often.
Whether you've been together for 30 months or 30 years, avoiding talking money puts your relationship at risk. This is especially true if finances are tight, or if you combine your finances and have different money "personalities" -- such as a spender or borrower in a relationship with a saver or investor.
To nobody's surprise, money is routinely cited in surveys as a major source of stress.
So when, and exactly how, can we discuss money with our significant others without causing friction? How do we get on the same page and stay there? Or are differences about money just something couples have to learn to live with?
In this week's "Money!" podcast, we're going to find answers to these questions, as well as many more. Our guest is best-selling author and award-winning speaker Tarra Jackson, also known as Madam Money.
As usual, my co-host will be financial journalist Miranda Marquit, and we're joined by our producer and sound effects guy, Aaron Freeman.
Sit back, relax and listen to this week's "Money!" podcast:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Not familiar with podcasts?
A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.
They're totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you're like me, when riding your bike.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to a podcast yet, give it a try, then subscribe to ours. You'll be glad you did!
Show Notes
Want more information? Check out these resources:
- MadamMoney.com (Tarra's website)
- "10 Things You Should Know about Joining Finances in Marriage"
- "8 Key Steps to Planning for Retirement as a Couple"
- "6 Ways to Get Your Spouse to Save More Money"
- "Living Together but Not Married? 5 Important Things to Know"
- Business Insider: "8 ways to talk to your partner about money"
- Money Under 30: "How To Have 'The Talk': 6 Tips For Couples Discussing Finances"
- Mint Life: "How to Talk Money in a Relationship: Dos and Don'ts"
- NBC News: "The 3 money conversations you and your partner need to have"
- Subscribe to the Money Talks News newsletter
- Take our The Only Retirement Guide You'll Ever Need course
- Take our Money Made Simple course
About me
I founded Money Talks News in 1991. I'm a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode of Money Talks News, the podcast dives into the challenging housing market as Stacy Johnson and Miranda Marquit discuss strategies for buying a home despite high rates and low inventory. They are joined by real estate expert Mindy Jensen from BiggerPockets. Mindy shares insights on preparing finances, creative financing options, and the pitfalls to avoid in such a tight market. The conversation extends to the recent legal changes affecting real estate agent commissions, offering listeners a thorough understanding of the current landscape. Whether you're an eager buyer or a cautious renter, this episode provides valuable advice and perspectives.
00:00 Welcome to Money Talks News: Navigating the Housing Market
00:33 Expert Insights with Mindy Jensen on Real Estate
01:32 The Art of Live-In Flips and Tax Benefits
03:16 Navigating a Tough Market: Strategies and Stories
09:44 Financial Strategies for Buying in a High-Rate Market
10:57 Understanding Mortgage Payments and Home Affordability
14:50 The Rent vs. Buy Debate in Today's Market
18:02 Exploring Alternative Financing and Investment Strategies
19:56 The Risks and Rewards of Margin Loans for Real Estate
23:12 Making Decisions in a Challenging Real Estate Market
24:20 Navigating Real Estate Pricing and Mortgage Payments
26:11 The Art of Negotiation and Seller Financing
32:52 Exploring Mortgage Assumptions and Creative Financing
42:36 Adjustable Rate Mortgages: A Risky Solution?
45:17 The Future of Real Estate Commissions and Buyer's Agents
Existing home sales surged 9.5% in February 2024, the largest increase in a year. Even with the rate of home sales slowing down a bit, they remain relatively strong. With home sales still fairly strong, we're not likely to see prices come down anytime soon. Combine that with relatively high mortgage rates, and it's definitely NOT a buyers market.
But what if you're ready to buy a home anyway? What can you do to best position your finances to get ready to buy a home, no matter what's going on with the market? In this episode we welcome back a friend of the show Mindy Jensen from BiggerPockets to help us sort out how to get the best bang for your homebuying buck.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Why is the housing market so tough for buyers right now?
We start by taking a look at why the housing market is so tough right now—and why prices remain stubbornly high. Some of the reasons that home prices haven't come down as much as we'd like:
- There remains a housing shortage of at least 1.5 million homes.
- It can be difficult to buy a home on a current income since home prices have far outpaced wage growth in recent years.
- Coming up with a down payment can feel challenging in the current climate.
On top of that, there are concerns about how the recent settlement with the National Association of Realtors could impact buyer representation and costs for buyers.
However, some of these pressures might finally help bring home prices down, at least in some markets. Depending on where you hope to buy, you might be able to find lower home prices as you move forward with your homebuying journey.
Tips for preparing your finances for buying a home in any market
Our episode includes helpful information on buying a home, pointing out that it depends on your goals. Trying to time the housing market, especially when you're looking for your primary residence, might not make much sense in the long run.
We reference a past episode featuring Mindy, which offers tips on getting the best homebuying deal possible. But we also talk about some of the realities of getting financing these days.
- You don't need to put down 20%, even though that's the conventional wisdom. Indeed, first-time homebuyers often put down 6%, and some conventional programs through Fannie Mae and Freddie Mac allow as little as 3% down. Figuring out how to come up with a down payment is one of the most difficult parts of the process.
- Government programs can help you get a lower down payment. We talk about FHA loans and VA loans as ways to get help financing a home with a low down payment.
- Another option is to use seller financing. If you can work out a deal with the seller, and they don't need an immediate chunk of cash, you might be able to convince someone to help you with a deal.
- Keep your credit score as high as possible and make sure you have a low debt-to-income ratio to increase your chances of being approved at the most competitive rates.
- Understand your goals for buying. In some cases, getting a cheap live-in fix and flip, like what Mindy does, can be a way to make the most of your dollars—as long as you have the ability to upgrade the home yourself.
We also spend some time on the rent vs. buy debate. In the end, figuring out why you want to buy is essential to moving forward. Miranda also talks a little bit about how much she likes renting.
Meet this week's guest, Mindy Jensen
Mindy Jensen is a licensed agent in Colorado, and has been buying and selling houses for more than 20 years. She's the Community Manager for BiggerPockets.com, and the host of the BiggerPockets Money Podcast.
- Website
- Podcast
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Editor's Note: This episode initially aired on June 22, 2023. It may contain some details that are out of date.
Are you familiar with Roth IRAs? If you're not, you should be, because Roth IRAs are a great way to get tax-free income after you retire.
There is a potential fly in the ointment, however. Namely, not everyone qualifies for a Roth. If you make too much money, Uncle Sam says you can't use 'em. But there's a way around that rule: Fund a regular retirement account, then roll it over to a Roth. It's called a backdoor Roth. Sounds sneaky, right? Should you do it? And if so, how do you go about it?
Let's find out. In this podcast episode, we're talking about how to convert an IRA to a Roth IRA without getting eaten alive by income taxes. In addition, we'll be talking about nearly every facet of Roth accounts and why they should be an integral part of every retirement strategy.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman.
This week's guest is Ed Slott, the founder of IRAhelp.com. He's ready to tell us why a Roth conversion is his No. 1 tax tip for this year.
Before we start, remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Using an IRA for your retirement
We talk about individual retirement accounts (IRAs) in this episode. Here are some great resources on how to make the most of your IRA — whether you get a traditional or a Roth.
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- The 7 Most Popular IRA Investments
- 15 Mistakes People Make With Roth IRAs
- Got an IRA? Here’s How to Use the Bear Market to Your Advantage
- How a Roth IRA Conversion Turns a Stock Market Plunge Into a Plus
- 8 Ways to Maximize Your Traditional or Roth IRA
- How to Buy Real Estate With Your IRA
If you decide to do a Roth conversion, like our guest Ed suggests, make sure you know the rules. We recommend checking out Investopedia's article "Roth IRA Conversion Rules."
Learn more about retirement accounts
An IRA isn’t your only choice for retirement. There are different accounts and strategies you can use to make the most of your golden years. Here are some great resources for getting more out of retirement.
- My Retirement Savings Are Shrinking. Should I Worry?
- How to Retire at Any Age Using Your Retirement Number
- 12 ‘Course Corrections’ That Will Improve Your Retirement
- The Top 11 Sources of Retirement Income, According to Retirees
- 5 Dumb Retirement Mistakes Everyone Makes
- How to Boost Your Social Security by 30% + 7 Tips for a Richer Retirement
- How to Save for Retirement, Decade by Decade
- 11 Huge Retirement Costs That Are Often Overlooked
- 9 Topics to Tackle Now to Survive Retirement With Your Spouse
- 8 Countries That Offer Retirement Visas to Americans
- How 401(k) Plans Could Soon Be More Like Pensions
- Have a 401(k)? Here’s a Secret Retirement Plan You Probably Don’t Know About
- 7 Key Habits of 401(k) and IRA Millionaires
- 4 Ways to Save for Retirement Without a 401(k)
- Why a Solo 401(k) Offers Big Savings Opportunities for the Self-Employed
Meet this week's guest, Ed Slott[caption id="attachment_426514" align="alignnone" width="1920"] Courtesy of Ed Slott / Money Talks News[/caption]
Ed Slott is a nationally recognized IRA distribution expert, television personality, and best-selling author who has dedicated his life to educating Americans on the intricacies of IRAs. He was named "The Best Source for IRA Advice" by The Wall Street Journal. Slott is the author of numerous highly acclaimed books, including his latest, "The New Retirement Savings Time Bomb" (Penguin Random House, 2021) and "Ed Slott's Retirement Decisions Guide: 2022 Edition" (IRAHelp, 2022).
He has also hosted several public television programs, including his latest, "Ed Slott's Retirement Freedom," and is a professor of practice at the American College of Financial Services.
- IRAhelp.com
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
No doubt you've imagined being financially independent: No job necessary, no money worries, no debt and plenty of savings. Of course, "financial freedom" means means different things to different people, but one thing's for sure: Not many of us are there yet. One recent survey found that only about 11% of Americans are living their definition of financial independence.
But no matter what financial freedom means to you, there are some steps you can take to get there faster. And that's what we're going to talk about today's podcast.
We're talking to Gigi Gonzalez, the author of the best-selling book Cultura & Cash.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
You can listen with the player at the top of this article, or download the episode wherever you get your podcasts:
Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
"Traditional" Personal Finance Advice Doesn't Work for Everyone
Our guest Gigi talks about how some of the personal finance advice that we typically receive doesn't always work for everyone. (Check out this article from Kiplinger on how budgeting advice is often flawed.)
Some of the reasons that standard personal finance advice doesn't work for first-generation Americans have to do with some of the cultural norms surrounding money.
Gigi gives the example of lending money to family (and friends). We're often told to "just say no" or help in other ways, but that might not be the norm, depending on your culture.
We also assume that debt shouldn't be used to improve financial fortunes, but many people need some type of debt—especially student loan debt—to move into the next socioeconomic bracket.
Yes, paying off high-interest debt should probably be a priority, but how you tackle it might look different.
We go through ways that you can shift your mindset around money and look for creative ways to interact with money once you understand your money story and how it impacts you.
Steps for Using Money Advice That Works for You
Don't forget that you can take some of the money advice you see and tweak it for your circumstances.
Set money goals that work for you, by asking important financial questions that are relevant to your situation.
Get away from the "supposed tos" and the prescriptive checklists. Not every frugal habit is worth it. Carefully consider which habits you want to change, and think about why you want to change those spending and money habits.
Rules of thumb can be useful, but don't assume they're the answer to everything.
Meet this week's guest, Gigi Gonzalez
Giovanna "Gigi" Gonzalez is a TikTok influencer, financial educator, and author of the bestselling book Cultura and Cash. During The Great Resignation, she quit her 10-year corporate career to pursue her true passion: teaching financial literacy to young adults.
Gigi teaches personal finance and career navigation for First Gen at various organizations and on her TikTok account. She was named 40 under 40 by the Hispanic Alliance for Career Enhancement, "Latinx to Watch" by Hispanic Executive Magazine and Top 25 Creator by Fast Company.
Website
Instagram
TikTok
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Editor's Note: This episode initially aired on July 20, 2022. It may contain some details that are out of date.
According to one recent survey, only 4% of Americans have $1 million or more in retirement savings, which means 96% of us don't.
Of course, depending on your situation, a million bucks may be overkill: Many people could fund their retirement years for a lot less. Still, it's a nice, round number, and one worth shooting for.
Obviously, however, that's a lot of money. Is it even possible to get there? In a word, yes. And that's what we're going to talk about today: building a million-dollar nest egg, and just as important, how to figure out how much you're actually going to need.
As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. This week's special guest is Roger Whitney, the Retirement Answer Man.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
https://youtu.be/US5Vk5nThuI
Is $1 million enough to retire on?
It sounds like a lot of money, but is $1 million enough to retire on? What you really need to do is figure out how big your nest egg should be and go from there. Whether $1 million is enough depends on your own situation.
- Check out how long $1 million will last during retirement.
- Read our article on the retirement numbers you should know as you plan your golden years.
- Where does your retirement income come from, anyway? Check out our overview of where most retirees get their money.
- Find out where you fit in when it comes to your retirement savings, based on your age.
- Our guest has a great podcast episode on investment returns and inflation during retirement.
Tips for building a $1 million nest egg
Ready to build your wealth? We talk about ways you can get your nest egg to that elusive $1 million mark.
- We have an article on how to retire with at least $1 million in the bank.
- Before you assume the 4% rule is still good, check out our article on rethinking this popular retirement planning strategy.
- Don't let taxes drain your retirement. Read our retirement tax tips to help you keep more of your money.
- We've got some strategies that can boost your retirement savings by $1.7 million.
- Before you quit your job, read our article about how to protect your nest egg after you call it quits.
- Make the most of your retirement with our 65 tips for a healthy, wealthy and happy retirement.
Meet this week's guest, Roger Whitney
Roger has been a financial advisor for more than 25 years and is the host of the award-winning Retirement Answer Man podcast. He is on a mission to change the way the world thinks about retirement, one little conversation at a time.
Roger established Rock Retirement Club in 2018 to help foster a safe online space for soon-to be retirees to learn, plan, and interact with other like-minded folks on the path to retirement.
As if that's not enough to keep him busy, he is the author of "Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future," a Forbes online contributor, creator of the Agile Financial Planning process, and past instructor of the Retirement Planning & Employee Benefits CFP certificate program at the University of Texas at Arlington and of Wealth Management at Texas Christian University.
Investopedia has named him to the Top 100 Most Influential Advisors 2017-2021, and he has brought home Plutus Awards for Best Financial Planner Blog (2019) and Best Retirement Blog (2015 and 2017).
- Website
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Welcome to the Money Talks News Podcast.
In this episode we're talking about steps you should be taking right now to achieve financial freedom.
No doubt you've imagined being financially independent: No job necessary, no money worries, no debt and plenty of savings. Of course, "financial freedom" means means different things to different people, but one thing's for sure: Not many of us are there yet. One recent survey found that only about 11% of Americans are living their definition of financial independence.
But no matter what financial freedom means to you, there are some steps you can take to get there faster. And that's what we're going to talk about today.
Today's guest is Jamila Souffrant, the founder of the award-winning podcast Journey to Launch and the author of the book Your Journey to Financial Freedom: A Step-By-Step Guide to Achieving Wealth and Happiness.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
Listen to the episode using the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
How to Reach Financial Independence
Our guest Jamila has some great insights into reaching financial independence—whatever that means to you. We've also got some resources on how to take the steps to reach financial freedom. Plus, you can also get Stacy's book, Life or Debt. It's got helpful information on taking steps on your path to financial freedom.
- Side Hustle Success: Financial Freedom From Lipstick and Bras
- From Overwhelming Debt to Financial Freedom: How National Debt Relief Saved Lindsay's Life
- How to Reach for Financial Freedom with House Hacking
- 3 Ways Most Americans Define Financial Happiness
- 5 Ways to Kick-Start Your Journey to Financial Independence
- 17 Lessons From Regular People Who Achieved Financial Independence
- 15 Important Lessons From Financial Independence Blogs
- 5 Tips to Make Better Financial Decisions
- Sabotage: 10 Ways You're Crippling Your Financial Future
- Good vs. Bad Debt: A Quick Guide to Borrowing Wisely for Financial Success
- 15 Key Financial Terms to Know to Plan a Successful Future
- 9 Ways to Be More Financially Aware and Successful
- 11 Guidelines for Building a Financial Plan for the Life You Want
Smart money moves for your future
Don't forget that some of the money moves you make today can have a big impact on your financial future. Check out how to get more from your money and learn how to plan for the future.
- The Biggest Risk in Financial Planning: Avoiding Risk
- How to Boost Your Odds of a Successful Retirement to 97%
- How and Why to Pass on Financial Values to Your Heirs
- The Big Con: Outsmarting the 5 Sneakiest Financial Scams
- How to Balance Taking Care of Your Long- and Short-Term Financial Goals
- 28 Investing Tips From Today's Financial Geniuses
- Is a Financial Advisor Better Than a Financial Coach?
- The 7 Most Common Financial Regrets and How to Avoid Them
- How to Start Investing — No Matter How Much Money You Have
- The Top 4 Investing Blunders and How to Avoid Them
- The Right Advisor Can Double Your Retirement Savings: 4 Tips to Find One
- 9 Financial Bucket List Items to Check Off Before 60
- 10 Ways to Get Your Financial Life in Order
- How To Worry Less and Feel Good About Your Financial Future
- Boost Your Financial Fitness With These 11 Small Money Moves
- How to Leave a Financial Legacy of Generational Wealth
Meet this week's guest, Jamila Souffrant
Jamila Souffrant is the author of "Your Journey To Financial Freedom A Step-by-Step Guide to Achieving Wealth and Happiness" and the host of the Journey To Launch podcast. She is considered a go-to thought leader in the personal finance field and her work has been featured in BuzzFeed, ESSENCE, Refinery 29, Money Magazine, CNBC, CBS, Business Insider and more. The Journey To Launch Podcast has over 4+ million total downloads and was listed by the NYTimes as a podcast to help you get better with your money.
Jamila and her husband saved $169,000 in two years, is also a mother of three young children and lives in Brooklyn, NY.
- Website
- Podcast
- Twitter/X
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Editor's Note: This episode initially aired on July 13, 2022. It may contain some details that are out of date.
Even with talk of a cooling housing market, prices are still high, and inventory is still low. If you're looking for a good deal, what are you supposed to do?
This week we're going to find out how to find a great real estate deal no matter the market.
As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. Today's special guest is Mindy Jensen from the real estate investing and education website BiggerPockets.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
https://youtu.be/pXbYYIpisxA
What's going on with the housing market?
Things might be slowing down a bit, but the housing market is still red-hot in some areas. Where is the housing market overheated, and where is it likely to maintain its value?
- Check out our slideshow on 20 overvalued housing markets. One of these markets is in Boise, Idaho. Miranda lives in Idaho!
- Not all cities have seen a housing boom. Check out our article on some cities where homeowners remain underwater. Real estate really is local.
- Worried about a coming pullback? You might be fine if you live in one of the real estate markets likely to hold their value.
- Are we really in a housing market bubble? Listen to our previous podcast episode with Mindy, talking about what's next for the housing market.
- Before you buy a home, make sure you're not in one of these housing markets that are likely to drop.
- How affordable is it to buy a home? Check out the St. Louis Fed's housing affordability index and the NAR affordability index.
- Interested in the relationship between mortgage rates and housing prices? Check out this analysis by the Urban Institute.
Tips for finding a good deal on a home
Mindy thinks that it's possible to find good deals no matter what the housing market looks like. Get to know your local real estate market and start deal hunting if that's what you're interested in.
- First-time homeowner? Check out our article on buying your first home.
- Learn how to buy a home even if you have a small down payment.
- Stacy has advice on how to decide whether to rent or buy a house.
- Looking for the best location? We've got an article full of tips on finding the best location for your home.
- It's not always about buying a home to live in. Check out our list of cities where you can make bank when you buy a rental property.
- Use our tips on how to find a good rental property.
- Want a place to live and make money as well? Check out the BiggerPockets guide to house hacking.
Meet this week's guest, Mindy Jensen[caption id="attachment_396560" align="alignnone" width="1920"] Mindy Jensen / Money Talks News[/caption]
Mindy Jensen is a licensed agent in Colorado, and has been buying and selling houses for more than 20 years. She's the community manager for BiggerPockets.com, and the host of the BiggerPockets Money Podcast.
- Website
- Podcast
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Welcome to the Money Talks News Podcast.
In this episode, we're talking about how you can have a good time without breaking the bank.
Hey, we all need a little fun in our lives, right? What's the point of grinding it out at work, going home, fretting about money, and then sleeping?
But here's the rub: The cost of having fun continues to rise at a faster pace than inflation, and that's keeping some of us home.
So today is all about having a riot without breaking the bank.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our special guest is Vee Weir, the host of the For Fox Sake podcast.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Save money with frugal fun
You don't need to spend a lot of money to have a good time. Vee has lots of great ideas for enjoying yourself without breaking the bank. Here are some of our best resources for saving money when trying to have a good time.
- 9 Tips to Tackle Your Financial Goals and Still Have Fun
- 11 Restaurant Apps That Offer Free Food and Drinks
- 12 Affordable and Fun Date Ideas
- 18 Best Staycation Ideas for Frugal Families
- 10 Secret Ways Frugal Travelers Slash Their Costs
- 17 Ways to Have More Fun for Less Money
- How to Have a Great Wedding on a Small Budget
- 10 Countries Where Retirees Have the Best Quality of Life
- The 15 Most Affordable Cities to Live in the U.S.
- 9 Affordable Streaming TV Bundles That Can Replace Cable
- 38 Affordable Experience Gifts for Everyone on Your List
- 7 Affordable Dinner Party Recipes That Guests Love
- How To Make an Affordable Charcuterie Board for Under $35
- The 10 Most Affordable Places for Homebuyers
- 3 Affordable Mediterranean Havens
- 15 Most Affordable Cities for Family Vacations
- 7 Great Affordable Baby Shower Gifts
- 8 Places to Find a Discount Massage
Other ways to save money on almost anything
We've got lots of other ways to save money on almost anything. Check out these other resources on living frugal and making the most out of every dollar.
- How to Get High-Speed Internet Without Cable or a Phone Line
- 19 Streaming Services With Free Trials
- 15 Things You Should Always Buy at Yard Sales
- 5 Ways to Save Money That Few People Consider
- 4 Easy Ways to Save Hundreds of Dollars on Your Internet Bill
- 11 Ways to Score Free Stuff on Amazon
- 8 Ways to Do Laundry Smarter and Save Money
- Depression-Era Hacks and Frugal Living Ideas to Save Money Now
- 13 Things Frugal People Never Do
- Frugal Living Guide: How to Have Less Stuff and Save Money
- What to Do If You're More Frugal Than Your Spouse
- 10 Frugal Living Tips for Young Families
- 7 Strategies for Frugal Urban Living
- 12 Money-Saving Tips to Enjoy a Frugal Retirement
Meet this week's guest, Vee Weir[caption id="attachment_476216" align="alignnone" width="1920"] Courtesy of Vee Weir / Money Talks News[/caption]
Vee Weir is an award-winning, anti-capitalist personal finance content creator and business owner. Her main focus and mission is to challenge common money myths, dismantle barriers preventing access to financial information and examine how capitalism negatively impacts the working class.
Her podcast, For Fox Sake, focuses on helping folks navigate late-stage capitalism through sustainable budgeting and realistic financial education. In the past eight years, Vee has amassed a following of over 35,000 online and has been featured in Forbes, Business Insider, CNBC and more.
When she's not online, she spends her time hiking with her husband and three dogs in the Rocky Mountains of Colorado or sipping a mocktail with her nose in a Romantasy.
- Website
- Podcast
- Threads
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Here's one of our best podcasts from the archive that you may have missed.
Thanks for listening to Money Talks News…the podcast!
Let's start with a question: Do you have enough in your retirement account? According to a recent report from Vanguard, the average American has around $140,000 saved for retirement. For those 65 and older, that average balance is about twice that, or $280,000.
Sounds like a lot, right? But for many people, even with Social Security, it's not going to be enough.
If that's you, let's fix it. In this podcast, we help you create a plan to beef up those retirement savings.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is a friend of the show, Joe Saul-Sehy from Stacking Benjamins.
Disclaimer:
Remember, even though we sometimes talk about money and specific investments, never take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Are you ready for retirement?
The Employee Benefit Research Institute points out that 7 in 10 workers are confident they can retire comfortably. In this show, we talk about the potential disconnect between what you might think is enough and what's actually enough. Here are some articles that can help.
How Much People Have Saved for Retirement at Every Age
6 Big Obstacles to Having a Comfortable Retirement
Most People Say They've Reduced or Stopped Saving for Retirement Because of Inflation
4 Generations Share the Age They Started Saving for Retirement
Here's the New Magic Number for Living Comfortably in Retirement
6 Reasons Americans Are Fast-Tracking Their Retirement
9 Signs Your Retirement Is on Track
Even Millionaires Share These 4 Retirement Worries
7 Reasons Americans Seniors Stay Frugal in Retirement
10 Reasons Today's Older Workers Are Delaying Retirement
How to create a retirement plan that works for you
Stacy mentions his book "[amazon url="https://www.amazon.com/Life-Debt-2010-Financial-Freedom/dp/1439168601" text="Life or Debt"][/amazon]," as a good starting point to help you figure out what you want out of life—and how to prioritize it. Joe and Miranda also have some good ideas for creating a retirement plan you'll stick with. We also mention our podcast on paying off your mortgage aggressively so you have more money available in retirement.
Let's take a look at some great Money Talks News resources about planning for retirement.
15 Tips for Those Within 10 Years of Retirement
Pre-Retirement Checklist: What to Do Within 5 Years of Retiring
Financial Advisers Say These Are the Top 10 Retirement Planning Mistakes
Over 50? Here's How to Catch Up on Retirement Savings
Health Savings Accounts and Why They Are Great for Retirement (Miranda never gets tired talking about HSAs.)
Is a Bond Ladder Strategy Right for Your Retirement?
4 Things You Can Control in Retirement
13 Types of Retirement Income That Are Not Taxable
3 Things You Should Do – and Not Do – to Prepare for Your Retirement
6 Ways to Guarantee Yourself a Steady Retirement Income
Sequence of Returns Risk and How to Protect Your Retirement From It
Meet this week's guest, Joe Saul-Sehy
Joe is a former financial adviser (16 years) and represented American Express and Ameriprise Financial in the media. He was the "Money Man" at Detroit television station WXYZ-TV, appearing on air twice weekly. He's appeared in Bride, Best Life, and Child magazines, and in the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers. He's also appeared online in more than 200 different places, including CNBC.com and WSJ.com.
Website
Stacking Benjamins Podcast
Twitter
Instagram
LinkedIn
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Welcome to the Money Talks News Podcast!
In this episode, we're talking about paying off your mortgage early so you can put that money to better use.
Fewer than half — 40% — of homeowners are mortgage-free, according to a Bloomberg analysis. And many of those are baby boomers. Being mortgage-free is often seen as a big milestone on the journey to financial freedom. So, how do you become one of the favored few who pay off their mortgage before the 30-year term is up?
Let's find out.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's guest is Andy Hill, founder of Marriage, Kids and Money. He paid off his mortgage early not too long ago and he's going to tell us exactly how he did it — and how it improved his finances and his life.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
How to buy a home
As you get ready to buy a home, there are a lot of moving parts. Here's what you need to know about getting the best deal when you buy a house — no matter where you live.
- How to Buy a Home Responsibly
- 15 Critical Things to Look for When Touring an Open House
- 15 Cities Where It's Cheaper to Buy a Home Than Rent
- The 10 Worst Places to Buy a Home If You Want It to Gain Value
- How Much Does It Cost To Sell a House?
- House Hunting? Here's How to Choose the Right Neighborhood
- What You Need to Know About Buying a Country House
- Should You Buy a House or a Townhouse?
- Is Now a Good Time to Buy a House? Here Are Some Questions to Consider
- 12 Tips for Buying Your First House
- How Much Are Closing Costs When Buying a House?
- 5 Things to Know About Buying a Fixer-Upper House
- 5 Ways to Buy a House With a Small Down Payment
What you need to know about mortgages
When you buy a home with a mortgage, you need to know how it works, and the best way to tackle it. Plus, you also need to figure out whether you think you'll actually pay off your mortgage, and whether you think it's a good idea.
- What You Need to Know About Taking Out a Joint Mortgage
- How to Get Pre-Qualified for a Mortgage
- 7 Ways To Pay Off Your Mortgage Years Earlier
- How Making 1 Extra Mortgage Payment Could Shave Years Off Your Debt
- Should You Pay Off Your Mortgage or Invest?
- Should You Refinance Your Mortgage?
- 7 Times When It's Smart Not To Pay Off Your Mortgage Early
- 4 Arguments for Retaining Your Mortgage in Retirement
- Does a Reverse Mortgage Make Sense? 3 Things to Know
Meet this week's guest, Andy Hill
Accredited Financial Counselor Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger's Personal Finance and NBC News. With millions of podcast downloads and video views, Andy's message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not "talking money," Andy enjoys being a soccer dad, singing karaoke with his wife and relaxing on his hammock.
- Website
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Here's one of our best podcasts from the archive that you may have missed.
Original air date: February 27th, 2021
Not long ago, the phrase "working in retirement" was an oxymoron, much like "bittersweet" or "act naturally." After all, if you're working, you're by definition not retired.
But that was then. These days, working at least part-time while retired is increasingly common. According to one survey, 27% of pre-retirees said they planned to work part-time in retirement and among recent retirees, 19% work part-time.
Why so much working during retirement? More likely than not, because of money. As we explain in articles like "8 Reasons Your Parents Had an Easier Retirement Than You Will," pensions are rapidly disappearing, replaced by much less reliable accounts like IRAs and 401(k)s. And as retiree income is falling, costs are rising.
On the plus side, however, while more retirees may be forced back into the workplace to make ends meet, there are more ways than ever to bring in a bit of extra bacon.
In short, in my parent's generation, retirement meant not working at all. But for us boomers, retirement is morphing into something different. It's not about doing nothing. Hopefully, it's about being productive and making money, but by doing what you want to do, rather than what you have to do.
What kind of work will today's (or tomorrow's) retiree look forward to doing? Will it be easy to find pleasant, lucrative work? Should we start long before we retire?
In this week's "Money" podcast, we're going to find answers to these questions, as well as many more. Our guest is author and super-popular podcaster Paula Pant from Afford Anything. She's smart, funny and knowledgeable -- you'll have a good time listening to her.
As usual, my co-host will be financial journalist Miranda Marquit, and we're joined by our producer and sound effects guy, Aaron Freeman.
Sit back, relax and listen to this week's "Money" podcast!
Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Spotify
[related]
Not familiar with podcasts?
A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.
They're totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you're like me, when riding your bike.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to a podcast yet, give it a try, then subscribe to ours. You'll be glad you did!
Show notes
Want more information? Check out these resources:
"7 Tips for Getting a Great Part-Time Job in Retirement"
"10 Stats About Working in Retirement"
"This Job Board Specializes in Remote Work and Flexible Gigs"
"5 Reasons You Should Work for as Long as You Live"
"15 Jobs for Retirees That Can Be Done From Home"
"8 Signs That It's Time for You to Unretire"
AARP: Job Search Resources for 50+
Subscribe to the Money Talks News newsletter
Take our The Only Retirement Guide You'll Ever Need course
Take our Money Made Simple course
About me
I founded Money Talks News in 1991. I'm a CPA, and have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Welcome to the Money Talks News Podcast.
This podcast is all about making you richer. And at the end of the day, there are only two ways to do that: either you make more, or you spend less. In this episode, we're going to talk about ways to spend less, BUT, doing it without sacrificing your quality of life.
That's right: I'm talking financial gain without lifestyle pain.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today our guest is Gina Zakaria, a viral TikTok sensation and author of the book Simple Secrets to Becoming a Saving Whiz.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
How to save more money
Gina takes us through her process for figuring out how to save a little extra and do it without feeling a lot of pain or making dramatic changes. We've got plenty of tips and tricks for how you can easily cut costs.
- Depression-Era Hacks and Frugal Living Ideas to Save Money Now
- 10 Ways to Change Bad Spending Habits and Save Money
- 11 Ways To Save Money on Food Without Using Coupons
- 12 Simple Ways To Save Money in Retirement
- 25 Tips for How to Save Money If Your Paycheck Is Stretched Thin
- Frugal Living Guide: How to Have Less Stuff and Save Money
- 13 Ways To Save Money on Road Trips
- 5 Easy Home Repairs That Save Money
- How to Use Gift Cards to Save Money
- 5 Best Ways to Save Money for Kids
- 15 Ways to Save Money on Prescription Drugs
- 15 Ways to Save Money on Vacation
What to do with all the money you save
Now that you have saved some money, you can put it to good use. Pay down debt, start an emergency fund or invest for the future. Once you've got a handle on saving money, we've got some great resources that can help you put your money to work on your behalf.
- 8 Surefire Ways To Get Rid of Debt ASAP
- 5 Tips to Deal With Debt When Interest Rates Are Rising
- Debt Consolidation vs. Debt Settlement: 5 Things You Need To Know
- How to Destroy Your Debt and 3 Things to Do Next
- How to Start an Emergency Fund From Scratch so You're Prepared for Anything
- 9 Tips for Starting an Emergency Fund Today
- How to Start Investing — No Matter How Much Money You Have
- The Top 4 Investing Blunders and How to Avoid Them
- Why Index Fund Investing Is Good for Your Retirement
- 4 Ways to Tax-Proof Your Investment Portfolio
- Are You an ‘Emotionally Intelligent' Investor?
- Should You Pay Off Your Mortgage or Invest?
Meet this week's guest, Gina Zakaria
Gina Zakaria (known as the Saving Whiz to her 5 million+ followers on social media) is a personal finance educator, published author, and savings expert. She founded Saving Whiz after learning many money lessons the hard way as she paid off her six figures of debt with her husband and achieved financial freedom. Saving Whiz is a money education platform specifically designed to share simple strategies to help women take charge of their finances the easy way.
She's been in the money space for over 20 years and has been featured in Forbes, Money Magazine, Good Morning America, NBC Today, and other prominent personal finance publications.
Her approach of simplicity and small, gradual steps has been embraced by people around the world and has helped them transform their lives and eliminate the stress and overwhelm from the process.
- Website
- YouTube
- TikTok
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Welcome to the Money Talks News Podcast.
In this episode, we're talking about how asking the right money questions can help you find your own version of financial freedom.
When it comes to money, most people want answers. But sometimes getting ahead isn't about getting answers, it's about asking the right questions. Like WHY we're doing what we're doing and where we want to end up when we do it.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week we welcome back Matt Schulz, the chief credit analyst at Lending Tree and author of the book Ask Questions, Save Money, Make More: How to Take Control of Your Financial Life.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
The money decisions you make have an impact
Understanding the impact of your money decisions is an important part of long-term financial success. Part of that is asking the right questions. In this episode, we cover the questions you can ask to improve your understanding of money—and make better financial decisions.
We also have some resources on the website that can help you navigate your money choices:
- 5 Bad Decisions That Harm Retirement Readiness the Most — and 5 Choices That Boost It
- The Best Sources to Help You Make Great Financial Decisions
- 5 Tips to Make Better Financial Decisions
- 5 Decisions That Can Make or Break Your Retirement
- 15 Tips for Making the Best Social Security Decisions
- Depression-Era Hacks and Frugal Living Ideas to Save Money Now
- 6 Clever Ideas to Make Money While You Sleep
- 11 Cheap Business Ideas You Can Start for Less Than $1,000
- 9+ Flexible Job Ideas for Retirees With Little or No Savings
Learn more about important financial areas of your life
Our guest, Matt, takes us through some of the best questions to ask about important financial areas of your life, including credit, housing, health and more. We also have a lot of great resources that can help you navigate various money issues.
- How to Protect Your Kids' Credit
- 6 Ways to Keep a Stellar Credit Score in Retirement (and Why)
- How I Got a Perfect Credit Score in 4 Steps
- How to Raise Your Credit Score Without Getting Ripped Off
- 7 Ways to Get Your FICO Credit Score for Free
- 8 Telemedicine Options for Affordable Health Care Without Insurance
- 13 Habits of Happy and Healthy Aging
- 6 Medicare Mistakes To Avoid for a Healthy Retirement
- 98 Tips for a Healthy, Wealthy and Happy Retirement
- 7 Ways Anyone Can Save on Out-of-Pocket Health Care Costs
- What To Do When You Can't Find Affordable Housing
- How to Buy a Home Responsibly
- 7 Signs That You're Not Ready to Buy a Home
- 9 Grocery Shopping Mistakes That Will Cost You
- How the 6-1 Method Makes Grocery Shopping a Breeze
- A $50-a-Week Meal Plan for 1 When Shopping at Aldi
- 10 Ways to Save Money Shopping for Clothes
- Shopping Secrets Revealed: 6 Tricks the Pros Use to Save Hundreds
- 7 Sneaky Travel Charges to Avoid
- How to Travel Europe on a Budget
- 20 Traveling Jobs That Let You See the World
- Frugal Travelers Love These Economy Hotel Chains
Meet this week's guest, Matt Schulz
Matt Schulz is a personal finance expert and author of Ask Questions, Save Money, Make More: How to Take Control of Your Financial Life (March 2024), a money manual that empowers you to pay less, earn more and keep more of your hard-earned money by asking the right questions in everyday, real-life situations.
A nationally recognized money expert with more than 15 years of experience helping Americans make smarter money decisions, Matt is also the Chief Credit Analyst at LendingTree. He has been featured in various media outlets including CBS Evening News , The Wall Street Journal, The New York Times, Fox Business , CNN Business, Yahoo! Finance, The TODAY Show, NBC Nightly News, Bloomberg, ABC World News Tonight, CNBC, and many more – always with the goal of making the often-complex world of personal finance easier to understand.
- Twitter/X
- TikTok
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Welcome to the Money Talks News Podcast.
In this episode, we're talking about investing in artificial intelligence, as well as using AI tools to become a more successful investor.
The hype around artificial intelligence has been insane, with some calling it the greatest game-changer since the invention of the internet or even electricity!
Is it true? Is AI that big a deal? And if so, should we be investing in the companies developing it? And how do we go about harnessing AI to make better investment decisions?
We're going to answer both those questions, and more, in this podcast.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Kevin Matthews, a former investment advisor and the founder of Building Bread, an investment education website.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Is AI going to change your life?
We talk about AI and how it's starting to permeate various aspects of life. It could change how you live and work—and even how you manage your money. Check out some of our resources on using AI in your finances and other parts of your life.
- 20 Jobs That Are Safest From Artificial Intelligence
- Will Robots and Artificial Intelligence Take Your Job?
- 8 Ways AI Can Help Plan Retirement — and 12 Risks From Using It
- Using AI to Build Your Resume: Tips and Prompt Examples
- How to Use AI to Generate Your Cover Letter
- Hear a Loved One's Voice Calling for Help? It Might Be a Scam
- How to Invest in AI as ChatGPT Takes Tech by Storm
- 5 Ways AI Is Changing Your Life, and 5 Ways to Profit From It
Resources for better investing
You don't have to assume that AI is the only way to invest. We have plenty of resources for better investing—no matter how you go about it.
- Why Index Fund Investing Is Good for Your Retirement
- How to Start Investing — No Matter How Much Money You Have
- The Top 4 Investing Blunders and How to Avoid Them
- The Investing Combo Linked to a Better Retirement Lifestyle
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- How to Choose Between Active and Passive Investing
- 28 Investing Tips From Today's Financial Geniuses
- What Does a Bull Market Mean for Retirement Investing?
- 7 Things You Should Know Before Investing in I Bonds
Meet this week's guest, Kevin L. Matthews II
Kevin L. Matthews II is a Plutus Award winner and number one bestselling author. He has helped hundreds of individuals plan for their retirement in addition to managing more than $140 million in assets during his advisory career. In 2017, he was named one of the Top 100 Most Influential Financial Advisors by Investopedia.
Kevin launched BuildingBread in 2010 to inspire millennials to set, simplify and achieve any financial goal. Kevin regularly speaks to young adults across the country and has been featured in several media publications and productions including The Wall Street Journal, The New York Times, Forbes, Black Enterprise, CNBC, and many others.
Kevin holds a bachelor's degree in Economics from Hampton University, a certificate in financial planning from Northwestern University and a certificate in disruptive strategy from Harvard Business School. In 2020, he graduated from the University of Texas at Austin's McCombs School of Business with a Master's in Technology Commercialization (MSTC).
- Website
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Today, we're talking about things people wish they'd known before retiring.
Planning for retirement is a tricky business! Lots of moving pieces and parts. Today we're going to share some things real retirees said they wish they'd known before they retired.
We're going to focus on five high-impact areas that can add tens of thousands of dollars to your retirement savings.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Friend of the show, Pam Krueger from Wealthramp, returns to share real stories of retirement regrets.
Before you listen, remember: This isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can listen to the podcast wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Watch out for these money mistakes
In this episode, we discuss specific retirement mistakes, but they're not the only money mistakes you could make. Check out these resources that cover some of the most common money mistakes—not just retirement—and how to avoid them.
- 5 Surprisingly Costly Mistakes We Make at Gas Stations
- 15 Common Thrift Store Shopping Mistakes to Avoid
- 12 Home-Selling Mistakes You'll Regret
- 16 First-Time Homebuyer Mistakes To Avoid
- 7 of the Worst Car-Buying Mistakes You Can Make
- 27 Big Financial Mistakes That Most People Make — and How to Fix Them
- 14 Mistakes That Are Running Up Your Water Bill
- 6 Mistakes That Can Cost You a Job Offer in No Time
- 9 Money Mistakes Setting Fire to Your Future
- 6 Medicare Mistakes To Avoid for a Healthy Retirement
- Don't Make These 6 Expensive Financial Mistakes
- 15 Mistakes People Make With Roth IRAs
- The 3 Mistakes Nearly Every Investor Makes
- 6 Estate Planning Mistakes to Avoid
Helpful tips for a better retirement
Ready to take the next steps for a better, more successful retirement? We've got you. Check out our retirement resources:
- How Much Do You Need for Retirement If You Live to Age 100?
- 12 Simple Ways To Save Money in Retirement
- Over-Saving for Retirement: Advice From People Who Saved Too Much
- Your Year-End Retirement Checklist: Prepare for a Great 2024 and Beyond
- 6 Ways to Keep a Stellar Credit Score in Retirement (and Why)
- 15 Tips to Successfully Downsize in Retirement
- The Right Advisor Can Double Your Retirement Savings: 4 Tips to Find One
- The Top 8 Sources of Retirement Income, According to Retirees
- The Top 10% of Retirement Savers Share These 4 Traits
- 98 Tips for a Healthy, Wealthy and Happy Retirement
- 8 Ways AI Can Help Plan Retirement — and 12 Risks From Using It
- 11 Retirement Milestones Everyone Should Know
- 12 Hard Truths About Retirement
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor-matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.
Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
- Wealthramp
- Podcast: MoneyTrack
- Podcast: Friends Talk Money
- X (Twitter)
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode we're talking about how just about anyone can start investing.
When Stacy was an investment broker 40 years ago, investing was a colossal pain in the butt. You needed thousands of dollars to pick up the phone and talk to someone like me; you couldn't just do it yourself.
Today, though, things have changed. Did you know you can start investing with as little as $5? And you don't even need anyone's help. Just do it online.
And investing is important. Stocks and other risk assets are one of the best ways to build wealth over time. So today we're going help you get started, whether you've got $5 or $5 million.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's special guest is Marko Zlatic, founder of Whiteboard Finance.
Before you listen, remember: This isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can listen to the podcast wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Investing is one of the best ways to build wealth
If you want to build wealth, you need to invest. We have lots of resources on investing in different types of assets, and ideas to help you get started.
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- 5 Simple Tips to Make Money With Stocks
- Why Index Fund Investing Is Good for Your Retirement
- 7 of the Best Dividend Stocks to Help Fund Your Retirement
- The Investing Combo Linked to a Better Retirement Lifestyle
- Investing In Commercial Real Estate with CrowdStreet
- How to Choose Between Active and Passive Investing
- 7 Things You Should Know Before Investing in I Bonds
- 9 Tips for Sane and Successful Stock Investing
- 7 of the Best Ways to Invest That Don't Involve Stocks
- Financial Wisdom: What Is the Best Investment?
Find the money to start investing
Sure, you can start investing with pocket change. And you should start as soon as you can. But if you're trying to figure out where to find the money to invest more, we can help you with savings articles. Use the knowledge you gain to put more into your nest egg.
- 25 Tips for How to Save Money If Your Paycheck Is Stretched Thin
- 51 Fast Ways to Score $1,000 or More
- 7 Secret Ways to Put More Money in Your Pocket
- Frugal Living Guide: How to Have Less Stuff and Save Money
- 21 Products That Will Help You Save Money
- 11 Ways To Save Money on Food Without Using Coupons
- 10 Depression Era Hacks and Frugal Living Ideas To Save Money Now
- 11 Ways to Save Money Using Social Media
- 12 Ways to Save Money on Health Care
- How to Use Gift Cards to Save Money
- 10 Ways to Change Bad Spending Habits and Save Money
- How to Position Your Investment Portfolio for Tax Advantages
- 9 Side Hustles Where You Could Earn More Than Full-Time Work
- 10 Shockingly Simple Ways to Make More and Spend Less
Meet this week's guest, Marko Zlatic
Marko has been investing since 2006.
In 2010, he earned his Bachelor's degree in Finance from the University of Akron. Marko has worked for multiple publicly traded companies in capital markets, risk analysis, and commercial real estate development.
In 2017, he started his YouTube Channel, WhiteBoard Finance, which now has over 60 Million views and 975,000+ subscribers.
His life's mission is to teach financial literacy and enable people of all backgrounds to become financially independent.
- WBF University
- WBF YouTube
- X (Twitter)
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about the top four mistakes investors make.
When it comes to stocks, we all know we're supposed to buy low and sell high, but for many of us, that's a lot easier said than done. Many investors tend to buy when the market's topping, then panic and sell at the bottom.
That's one common mistake investors make, but it's far from the only one. Today, we're talking to a behavioral investing expert about how simple mistakes can lead to big losses, especially during times of economic uncertainty. He's going to help us avoid falling into behavioral traps and make us all better investors.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our guest is Jason L Smith, CEO and founder of C2P Enterprises and author of The Bucket Plan.
Before you listen, remember: This isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can listen to the podcast wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
We all make money mistakes
It's impossible to get through life without making a mistake or two. Whether it's listening to the wrong financial guru or even if you make a big mistake (like Miranda) that ruined your credit, we've all been there. We talk specifically about investing mistakes, but we have plenty of resources to help you identify and avoid other money mistakes.
- 12 Home-Selling Mistakes You'll Regret
- 7 of the Worst Car-Buying Mistakes You Can Make
- 6 Mistakes To Avoid When You Turn 65
- 27 Big Financial Mistakes That Most People Make — and How to Fix Them
- 14 Mistakes That Are Running Up Your Water Bill
- 16 First-Time Homebuyer Mistakes To Avoid
- 10 Embarrassing Mistakes Almost Everyone Makes
- 5 Retirement Planning Mistakes You'll Regret Forever
- 9 Money Mistakes Setting Fire to Your Future
Investing for the future
Don't let the fear of making mistakes keep you from investing. In fact, one of the biggest mistakes is not getting started. Here are some articles that can help you become a better investor.
- 3 Myths That Successful Investors Wish You'd Stop Believing
- Saving Is Not Enough: Why You Need to Invest
- 5 Simple Tips to Make Money With Stocks
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- How to Choose Between Active and Passive Investing
- 7 Things You Should Know Before Investing in I Bonds
- 9 Tips for Sane and Successful Stock Investing
- Environmental, Social and Governance (ESG) Investing: Hope or Hype?
- How to Invest When Both Stocks and Bonds Are Falling
- 7 of the Best Ways to Invest That Don't Involve Stocks
- How to Find the Best Dividend Stocks, Step by Step
- How to Position Your Investment Portfolio for Tax Advantages
Meet this week's guest, Jason L. Smith
Jason L Smith, CEP®, BPC is a nationally acclaimed speaker, financial planner, best-selling author, coach, and entrepreneur. He is the Founder and CEO of C2P, as well as JL Smith, his own holistically run financial services practice.
Jason is the author of the best-selling book, The Bucket Plan: Protecting and Growing Your Assets for a Worry-Free Retirement, which was recently named by U.S. News & World Report as one of the Top 10 Retirement Planning Books; the only one based on a financial planning process. He also wrote Clarity 2 Prosperity: An Advisor's Guide to Charging Planning Fees for Holistic Planning, and co-authored The Hiring Advantage. Jason's Bucket Plan philosophy inspired a children's book designed to teach kids responsible spending, saving, and earning principles, Days Can Be Sunny for Bunnies and Money.
Jason and his wife, Holly, have a daughter, Jordan, and two sets of twins: Berkeley and Wyatt, and Lincoln and Lennon. Jason enjoys reading, grilling, yoga, strength training, and anything that gets him outdoors.
- Website
- X (Twitter)
- Threads
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we predict what will happen to your money in 2024.
Israel…Ukraine…a presidential election…inflation…possible recession. A lot is going on that could affect the global economy, as well as your personal economy.
It's always dangerous to make predictions, but we're going to do it anyway, as we have for decades here at Money Talks News.
Today, we will focus on three main areas: The stock market, the housing market, and interest rates.
More than likely, you've got a dog in at least one of these fights, right? So, in addition to predicting what's ahead, we're going to make suggestions on what you should be doing now to prepare.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week our special guest is Marc Lieberman, the founder of Shorepine Wealth Management. Friend of the show, Pam Krueger from Wealthramp, is also joining us to talk about what's next.
Before you listen, remember: This isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can listen to the podcast wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
2024 money forecast
Are you ready for 2024? What do you think is coming? Our panelists share what they think will happen in various parts of the market—and why.
First of all, take a look at what some of the experts are saying from around the web:
- Business Insider's story on stock market predictions for 2024
- U.S. News shares insight into what might happen with stocks due to the presidential election
- Reuter's reports on potential interest rate cuts in 2024
- Bankrate has a housing market prediction for the coming year
- The Economist shares ten predictions for 2024
And what about our own predictions from past years at Money Talks News? Compare our past performance and check out some other information on the 2024 money forecast:
- Where Stocks Are Going in 2023 and Where You Should Invest Now
- Top Money Predictions for 2022
- 7 Reasons 2024 Could Be the Year Homebuyers Catch a Break
- 4 Key Financial Goals Everyone Should Have for 2024
- 7 Ways the Social Security System Will Change in 2024
- 6 Ways Shopping Could Change in 2024
- 7 Ways Retirement Laws Will Change in 2024
- Off the Beaten Path: 10 Trending Travel Destinations for 2024
Position your finances for a better 2024
As you prepare for the coming year, you can take steps now and early in the new year to set yourself up for better financial success.
- 6 End-of-Year Money Moves You Should Make Right Now
- 8 Holiday Gifts To Help Friends and Family Manage Their Money
- Mind Over Money: How Thoughts Create Wealth
- 7 Proven Ways to Get Free Money
- 25 Tips for How to Save Money If Your Paycheck Is Stretched Thin
- How to Find the Top Entry-Level, High-Paying Jobs
- 20 High-Paying Part-Time Jobs With Flexibility
- 9 Energy-Efficient Home Improvements That Save You Money
- 8 Ways to Get Some Fast Financial Wins
- 10 Reasons Why Talking About Money Can Give You a Better Future
- 4 Reasons People Kept Their Money Resolutions in 2023 — and 1 Reason They Failed
- 10 Bad Money Habits That Are Robbing You Blind
Meet this week's guest, Marc Lieberman
Marc Lieberman is the founder of Shorepine Wealth Management, a fee-only financial advisor based in Tiburon, CA serving clients across the country. Marc has spent more than 20 years in the investment industry. He embodies a unique combination of skills that includes managing portfolios ranging in size from less than $1 Million to over $600 Million As a fee-only, fiduciary, and independent financial advisor, Marc Lieberman is never paid a commission of any kind, and has a legal obligation to provide unbiased and trustworthy financial advice.
- Website
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor-matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.
Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
- Wealthramp
- Podcast: MoneyTrack
- Podcast: Friends Talk Money
- X (Twitter)
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about the top scams you're likely to see in retirement and how you can avoid them.
Did you know that more than $28 BILLION—that's a billion with a B—is stolen from those aged 60 and older each year?
So, how do you avoid becoming a depressing statistic if you're in retirement or approaching retirement? Today, we will talk to an expert on banking for retirees. He's seen it all, and he's ready to talk to us about what you're likely to see—and how to avoid falling victim.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our special guest is Tony Brancato, the Head of Product at Charlie, a company that focuses on 62+ banking.
Before we start, remember this isn't financial advice. So make sure to do your research and consult your own experts before acting on anything you learn here. Additionally, we need to acknowledge our advertising relationship with Charlie. Even though they are one of our partners, it doesn't affect our opinions.
You can listen to the podcast wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Scam and fraud can be anywhere — what you need to know
Scams are plentiful and fraudsters are becoming more sophisticated. It's important to be vigilant. Our guest talks about some of the most common scams and what you need to know about avoiding them. Plus, he'll share some tools available for those over the age of 62 with the help of the banking product Charlie. In the meantime, check out our resources and further information about scams and frauds:
- FOMO, Fraud, and Financial Ruin: Lessons From the Crypto Craze
- Avoid These 14 Holiday Scams and Frauds
- How to Tell If Fraudsters Have Opened Bank Accounts in Your Name
- 7 Ways to Protect Your Retirement From Investment Fraud
- Don't Fall for These 5 Types of Costly Small-Business Scams
- Free Program Uses AI to Spot Scams Before They Trap You
- How to Avoid Mail Delivery Phishing Scams
- 7 Text Message Scams to Avoid and Report Immediately
- 8 Job Scams and 10 Signs to Watch For
Money tips, tricks and resources for financial freedom
If you want non-scammy help with various aspects of your finances, we've got you covered. Check out our website for money tips and resources:
- How to Raise Your Credit Score Without Getting Ripped Off
- Debt Consolidation vs. Debt Settlement: 5 Things You Need To Know
- 7 Ways to Get Your FICO Credit Score for Free
- How to Save on Shopping Using Credit Card Perks
- How I Slashed $25,000 in Credit Card Debt to Zero
- 5 Tips to Deal With Debt When Interest Rates Are Rising
- Good vs. Bad Debt: A Quick Guide to Borrowing Wisely for Financial Success
- The Right Advisor Can Double Your Retirement Savings: 4 Tips to Find One
- 5 Tips to Reduce Your Retirement Savings Anxiety
- 5 Fast Ways to Turbocharge Your Retirement Savings
- 9 Safe and Smart Investments for Retirees
- Your Guide to Alternative Investments
- The Investing Combo Linked to a Better Retirement Lifestyle
Meet this week's guest, Tony Brancato
Tony Brancato is the Head of Product at Charlie, the new standard for 62+ banking.
Tony has developed digital products in the healthcare, media, and fintech industries for over 20 years.
He held product leadership positions at several media companies, including Patch.com, Time Inc., and most recently, served as VP Product and Audience Development at The New York Times.
Tony also served in a senior product role at Amazon, as General Manager, Advertising at IMDB.com, Chief Product Officer at Renew Health, and Executive Vice President, Platform at Olive, the automation and intelligence company working to bridge the divide in healthcare.
Tony is the founder of The Influence Project, a data-driven cultural preservation initiative, and a lecturer at UCLA.
He is a graduate of Brown University.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about how money FOMO, among other things, can make you vulnerable to scams and how to avoid being a victim.
Cryptocurrency was all the rage for a couple of years, and it seemed nothing could go wrong. It was a very social experience. In 2022, 31% of new crypto investors got started with advice from a friend. On top of that, 10% of investors cited the fear of missing out, or FOMO, as a reason to get into the market.
When inexperienced investors flood into fad investments like crypto, scammers aren't far behind. And that's exactly what happened with crypto. The market collapsed, and thousands of would-be millionaires had their savings wiped out.
Let's make sure crap like this doesn't happen to you.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today investigative reporter Zeke Faux, author of the book Number Go Up, just named a book of the year by the Washington Post, will join us to talk about how the fear of missing out can lead to scams.
Before you listen, remember: This isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can listen to the podcast wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Watch out for scams
Scams are everywhere. Even smart people can fall for scams. As we talked about with our guest, there are many reasons people fall prey to fraudsters. Here are some scams to watch out for, as well as resources on avoiding scams:
- 9 States Where People Face the Highest Risk of Identity Theft and Fraud
- Hear a Loved One's Voice Calling for Help? It Might Be a Scam
- Don't Fall for These 5 Types of Costly Small-Business Scams
- 24 Costco Scams Going Around Right Now
- 7 Text Message Scams to Avoid and Report Immediately
- Free Program Uses AI to Spot Scams Before They Trap You
- How to Avoid Mail Delivery Phishing Scams
- How to Tell If Fraudsters Have Opened Bank Accounts in Your Name
- 6 Things Scammers Do With Your Cellphone Number
- 4 Beliefs That Make You Easy Prey for Scammers
How to invest—without being scammed
Investing is still one of the best ways to build wealth over time. And, just because cryptocurrency ended up being ripe for fraudsters, it doesn't mean all investments are scams. Here are some resources for making money with investments:
- The Investing Combo Linked to a Better Retirement Lifestyle
- Why Index Fund Investing Is Good for Your Retirement
- 7 of the Best Dividend Stocks to Help Fund Your Retirement
- 5 Simple Tips to Make Money With Stocks
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- How to Choose Between Active and Passive Investing
- 7 Things You Should Know Before Investing in I Bonds
- 9 Tips for Sane and Successful Stock Investing
- Environmental, Social and Governance (ESG) Investing: Hope or Hype?
- How to Invest When Both Stocks and Bonds Are Falling
- 7 of the Best Ways to Invest That Don't Involve Stocks
- How to Find the Best Dividend Stocks, Step by Step
Meet this week's guest, Zeke Faux
Zeke Faux is an investigative reporter for Bloomberg Businessweek and Bloomberg News, and a former National Fellow at New America. He's a winner of the Gerald Loeb award and the American Bar Association's Silver Gavel award and a National Magazine Award finalist. His work has also appeared in New York Magazine, and the anthologies The Year's Best Sportswriting and The Best Business Writing. He lives in Brooklyn with his wife and three children.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this podcast episode, we're talking about how the way you think can make you richer…or poorer.
We've all heard the stories: people win the lottery, then lose it all. Or a millionaire who loses everything and then rebuilds their fortune seemingly overnight.
These examples illustrate that financial success isn't just determined by your income and expenses, just like success as an athlete isn't all about talent. A significant part of winning, physical or financial, comes from things like your attitude and beliefs.
So today, we will talk about how you can flip your mental script to unleash your potential.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our guest today is Yanely Espinal, the author of the book Mind Your Money. She's going to help us figure out how to change your money mindset and position yourself for success.
Before you listen, remember: We're not offering financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here. Additional disclosure: Co-host Miranda has a freelance writing relationship with Student Loan Planner.
You can listen to the podcast wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Money mindset is a big part of financial success
Often, the stories we tell ourselves about money hold us back. Overcoming some of these money mindset issues can be a big part of moving on to the next stage of financial success. How we view money and our financial values can shape our budgets and how we plan for the future. Here are some of our resources for planning, values, financial wellness and updating your money mindset.
- How a Planning Mindset Can Impact Your Finances
- 5 Tips to Make Better Financial Decisions
- How and Why to Pass on Financial Values to Your Heirs
- 9 Ways to Be More Financially Aware and Successful
- What Is Financial Wellness? Have You Achieved It?
- 17 Financial Micro Habits for More Peace of Mind
- Financial Therapy: What It Is and Why You Might Benefit From It
- The Most Important Long-Term Financial Goal Has Nothing to Do With Money
- 5 Tips for Boosting Your Income to Reach Your First $1 Million
- 6 Tips for How to Manage Money for Happiness
- How to Create a Budget You Love: 5 Things You Need to Know
Financial resources for taking those first money steps
While working on your money mindset is a big part of moving forward, you also need the ability to take actionable steps. Here are some of our best resources for mastering the basics so that you can go on to build wealth.
- 10 Top Budgeting Lessons to Improve Your Money Management
- The 5 Best Budgeting Apps to Get Your Finances Together
- How to Build a Family Emergency Fund
- Health Savings Accounts and Why They Are Great for Retirement
- Saving Is Not Enough: Why You Need to Invest
- Congrats on Saving $1000: Now Do These 5 Things to Make it $10,000
- How Much Should You Have in Emergency Savings?
- 11 Surprisingly Simple Ways to Slash Your Expenses
- 8 Small Expenses That Are Bleeding Your Budget Dry
- Financial Wisdom: What Is the Best Investment?
- Why Index Fund Investing Is Good for Your Retirement
- Become an Overnight Financial Whiz With These 5 Simple Tools
- 3 Powerful Tools to Destroy Your Debts and Renew Your Credit
Meet this week's guest, Yanely Espinal
Yanely is a Brooklyn-born ball of energy with an intimate knowledge of financial education, culture, and politics in America. Known on the internet as MissBeHelpful, she's a millennial financial educator who started her career as a teacher, and now serves as the Director of Educational Outreach at Next Gen Personal Finance (NGPF.org)
Over the last four years, Yanely has worked with governors and state legislators to pass laws requiring personal finance education for a full semester before high school graduation. Bills that Yanely has championed have been signed into law in Florida (SB1054), Michigan (HB5190), Georgia (SB 220), Rhode Island (H 5491), and North Carolina (HB 924).
The stories in her debut book, Mind Your Money, detail her journey from food stamps to financial freedom and her experience navigating the Ivy League as a first-generation daughter of immigrants.
- Website
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Today’s podcast is a replay of a popular show we did a few months back. So if you didn’t hear it the first time, or want to hear it again, now’s your chance. Thanks for listening to Money Talks News…the podcast!
If you're an avid investor…or even if you're not…at one time or another you've probably considered investing in individual stocks. I've been doing it for 40 years, and over that time have made well over a million dollars investing in the stocks of individual companies.
But stock picking isn't for everyone, and it comes with risks. Even the best stock pickers periodically lose money. The trick is to learn a few rules that will increase your odds.
And that's what we're going to talk about today.
Stacy Johnson and financial journalist Miranda Marquit are joined by producer and novice investor Aaron Freeman. This week's guest is a friend of the show, Kevin Matthews, a former investment advisor and the author of Starting Point: How To Create Wealth That Lasts.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
You can download this episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Don't Miss
We're talking about investing this week, so you don't want to miss out on an opportunity to learn more about investing in alternative assets.
- You can easily diversify and build a portfolio of private assets like real estate, private credit, and venture capital in less than 5 minutes, with as little as $10, by opening an account with this next-generation portfolio manager.
More on investing in stocks
One of the best ways to build wealth is through stock investing. There are many different ways to invest in stocks, and we can help you figure out how to make the most of your investing dollars. Here are some resources from Money Talks News to help you learn about stock investing, including ideas for where to put your money:
- Saving Is Not Enough: Why You Need to Invest
- 9 Tips for Sane and Successful Stock Investing
- People Who Work Hard May Be Bad Investors, Study Shows
- I Asked AI for Stocks That Could Outperform for the Rest of the Year. Here's What It Said.
- 7 of the Best Dividend Stocks to Help Fund Your Retirement
- Stocks Are Tanking: What You Need to Know Now
- The Market is Low: Time to Buy Stocks?
- How to Invest When Both Stocks and Bonds Are Falling
- How to Find the Best Dividend Stocks, Step by Step
- How to Pick Winning Stocks, Step by Step
Learn more about investing
Stock investing isn't the only way to make money as an investor. We've got a lot of great articles about other ways to invest—and about investing in general. Get more bang for your buck after learning about the resources.
- 9 Safe and Smart Investments for Retirees
- Why You Shouldn't Look at Your Investments During a Bull Market
- Top Alternative Investments for Diversifying Your Portfolio
- Your Guide to Alternative Investments
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- Investing In Commercial Real Estate with CrowdStreet
- How to Choose Between Active and Passive Investing
- How to Know When the Bear Market Is Over — and Why You Shouldn't Wait to Invest
- What Is Socially Responsible Investing?
- 7 Things You Should Know Before Investing in I Bonds
- 7 of the Best Ways to Invest That Don't Involve Stocks
Meet this week's guest, Kevin Matthews, II
Kevin L. Matthews II is a Plutus Award winner and number one bestselling author. He has helped hundreds of individuals plan for their retirement in addition to managing more than $140 million in assets during his advisory career. By 2017, he was named one of the Top 100 Most Influential Financial Advisors by Investopedia.
Kevin launched BuildingBread in 2010 to inspire millennials to set, simplify and achieve any financial goal. Kevin regularly speaks to young adults across the country and has been featured in several media publications and productions including The Wall Street Journal, The New York Times, Forbes, Black Enterprise, CNBC, and many others.
Kevin holds a bachelor's degree in Economics from Hampton University, a certificate in financial planning from Northwestern University and a certificate in disruptive strategy from Harvard Business School. In 2020, he graduated from the University of Texas at Austin's McCombs School of Business with a Master's in Technology Commercialization (MSTC).
- Website
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about how parents help finance their kid's education. Specifically, we're going to discuss Parent PLUS loans and how they impact millions of Americans hoping to retire.
Americans above the age of 60 are drowning in student loan debt, both their own and that of their kids.
The number of people over the age of 60 who have student loan debt has sextupled since 2004, now at $125 billion.
Part of that debt is made of Parent PLUS loans: loans taken out by parents to help students. 3.7 million people of varying ages owe $108.5 billion in Parent PLUS debt.
If you're one of those parents, there's stuff you need to know. Because some options you now have to deal with PLUS loans will soon be going away. It's so serious, it's being called the PLUS loan cliff.
Sounds ominous!
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's guest is Travis Hornsby, the founder and CEO of Student Loan Planner. He's going to help us navigate this confusing topic and tell us how to handle this debt.
Before we start, remember: We're not offering financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here. It's also important to note that Miranda has a freelance relationship with Student Loan Planner. She provides content for them on a contract basis.
You can listen to the podcast wherever you get your podcasts:
Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Spotify
Let's talk about paying for college
Parent PLUS loans are a type of Direct loan. When loans for undergraduate students fall short of meeting funding needs, Parent PLUS loans can fill the gap. The student loan system is complicated, and it's important to understand how you can pay for college, whether you get loans or not.
Here's more information about student loans and paying for college, including ideas for getting a better return for your tuition buck in terms of jobs.
What to Know About Student Loans Before You Borrow
7 Ways to Get Free Money for College
5 College Majors With the Worst Employment Rates — and 5 With the Best
Top 20 Colleges and Universities That Hire for Flexible Jobs
10 Colleges Where Tuition Is Free
10 Things College Students Should Learn About Money
Good Jobs That Don't Require a College Degree
9 Colleges That Offer Free Tuition for Seniors
8 Ivy League Colleges That Offer Free Online Courses
Free College Courses for Seniors in Every State
Can't Afford a College Degree? Consider Certification and a New Job
What you need to know about student loans, including Parent PLUS loans
Student loan debt can feel overwhelming. However, there are programs for forgiveness. It's also important to understand the difference between private and federal student loans. Here are some resources you can use to learn more, both on Money Talks News and on other websites.
13 States That Could Tax Forgiven College Loans
11 Ways to Pay Off Student Loans Fast
5 Ways to Avoid Drowning in Student Loan Debt if You Drop Out of College
How to Get Free Help With Your Student Loans
How to Prepare for the Parent PLUS Cliff in 2025 (Miranda's article for Student Loan Planner)
Parent PLUS Loans: You might be eligible, but should you take one? (Miranda's article for Britannica Money)
Federal loans vs. private loans: Understanding student loan issuer types (Miranda's article for Britannica Money)
Federal student loans: Subsidized vs. unsubsidized loans (Miranda's article for Britannica Money)
Meet this week's guest, Travis Hornsby
Travis Hornsby is a speaker and the founder of Student Loan Planner, which he launched after helping his physician wife navigate ridiculously complex student loan repayment decisions. To date, Student Loan Planner has consulted on over $1 billion in student debt. Travis is a Chartered Financial Analyst and brings his background as a former bond trader trading billions of dollars. Trying to solve the student loan crisis brought him out of his first retirement at the age of 25.
He brings that same intensity to analyzing the best repayment paths for graduate degree professionals with six figures of student debt. Travis and his team have helped over 13,000+ clients save over $783 million dollars on their student loans, and he's been featured in NPR, New York Times, Bloomberg, U.S. News, Business Insider, Forbes, Rolling Stone, ChooseFi, Bigger Pockets, Money, and more.
Website
Podcast
Instagram
TikTok
Twitter
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Dave Ramsey has long been considered "the man" when it comes to financial advice—especially if you want to get out of debt.
In recent years, though, controversy has dogged Dave's heels. He had to settle a discrimination lawsuit for his employment practices, and he's facing a $150 million lawsuit from disgruntled followers who took his advice to use a company now being investigated for fraud.
So, should you listen to Dave Ramsey? Let's discuss what Ramsey does right, what he does wrong, and whether you should follow his advice at all.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's special guest is Tori Dunlap, founder of Her First $100K and the Financial Feminist podcast.
Before we start, remember: We're not offering financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can listen to the podcast with the player at the top of this page, or download it wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Where are you getting your financial advice?
One of the first names that pops up when you think of "financial gurus" is Dave Ramsey. But is Dave really the best place to get ALL of your financial information? And what about all these other financial gurus? (Stacy has an article about why he doesn't trust Suze Orman.)
It's hard to say. Our guest, Tori Dunlap, takes us through some of the issues with relying too heavily on Dave Ramsey—especially when other financial educators and professionals might provide you with better information for your circumstances.
Money Talks News offers plenty of information on vetting your financial advice sources—and provides helpful insights and tools for making better money choices.
- Few Big Banks Offer Good Financial Advice, Customers Say
- 25 Pieces of Popular Financial Advice You Should Ignore
- 7 Pieces of Common Money Advice That Can Cost You
- When to Pay for Financial Advice and How to Find the Right Adviser
- 11 Tips to Help You Figure Out if You Need to Pay for Financial Advice
- What Do Financial Advisers Actually Do?
- 5 Things to Know When Choosing a Financial Adviser
- How Much Does a Fee-Only Financial Adviser Cost?
- Financial Therapy: What It Is and Why You Might Benefit From It
- The Best Sources to Help You Make Great Financial Decisions
- Become an Overnight Financial Whiz With These 5 Simple Tools
Start with free, reputable financial resources
Eventually, it might make sense to seek help from a financial professional. Starting with free financial resources can make a big difference—and Dave Ramsey might not be the best place. There are plenty of other ways to get reputable information from a variety of viewpoints. You can even get this money help without the big heaping side serving of shame that Dave Ramsey dishes up.
Here are some of our best financial resources on Money Talks News, covering everything from reducing costs to paying down debt to saving money to investing and planning for retirement:
- 21 Products That Will Help You Save Money
- 11 Ways To Save Money on Food Without Using Coupons
- 10 Depression Era Hacks and Frugal Living Ideas To Save Money Now
- 10 Sure-Fire Ways to Beat Inflation
- Debt Consolidation vs. Debt Settlement: 5 Things You Need To Know
- 5 Things You Need to Know About Paying Off Debt This Year
- How to Destroy Your Debt and 3 Things to Do Next
- How Much Should You Have in Emergency Savings?
- Start Building Serious Savings With a Pay-Yourself-First Strategy
- 9 Tips for Sane and Successful Stock Investing
- The Lazy Person's Guide to Flawless Investing
- 7 Things You Should Know Before Investing in I Bonds
- Your Guide to Alternative Investments
- Why Index Fund Investing Is Good for Your Retirement
- The Final Stretch: 6 Ways To Boost Savings As Retirement Nears
- 5 Tips to Reduce Your Retirement Savings Anxiety
- 5 Fast Ways to Turbocharge Your Retirement Savings
Meet this week's guest, Tori Dunlap
Tori Dunlap is an internationally recognized money and career expert and podcast host. After saving $100,000 at age 25, Tori quit her corporate job in marketing and founded Her First $100K to fight financial inequality by giving women actionable resources to better their money. She has helped over four million women negotiate salary, pay off debt, build savings and invest.
Author of the instant New York Times bestselling book "Financial Feminist"; host of the #1 Business Podcast, Financial Feminist; a Forbes 30 Under 30 honoree; and co-creator of Treasury, an investing education platform that has over $50M invested (featured on New York Times Business front page), Tori's work has been featured on Good Morning America, the Today Show, the New York Times, CNN, BBC and more.
Tori now travels the world writing and speaking about personal finance, online businesses, and confidence for women.
- Book
- Website
- Podcast
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
If you're one of the millions of Americans eligible for Medicare, you're likely familiar with open enrollment. That's the stretch from Oct. 15 to Dec. 7 every year when you're allowed to make changes to your coverage. And for most people, that's the only time you can.
In order to get the best Medicare coverage for your personal situation, you need to understand your options. And that's exactly what we're going to go over in today's podcast.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Hollie Cohen, a Licensed Medicare Specialist with Preferred Health Group is here to help us navigate the ins and outs of Medicare open enrollment.
Before we start, remember: We're not offering financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can listen to the podcast with the player at the top of this page, or download it wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Medicare open enrollment and signing up for Medicare
Medicare open enrollment is a once-a-year event. However, there are times when you can sign up for Medicare outside of the open enrollment period. Our guest has great information on signing up for Medicare, including what you need to know before choosing between Original Medicare, Medicare plus Medigap, and a Medicare Advantage plan.
We also have some good resources that can help you as you figure out the ins and outs of Medicare, including open enrollment. Below are some articles; you can also check out another podcast episode we did on Medicare.
- 3 Groups Who Can Get Medicare Before Age 65
- 7 Different Types of Medicare Enrollment Periods
- 5 of the Best Medicare Advantage Plans, According to Members
- A Little-Known Downside of Medicare Advantage Plans
- 6 Medicare Mistakes To Avoid for a Healthy Retirement
- 4 Pitfalls for New Medicare Enrollees
- 8 Free Resources for Navigating Medicare Enrollment Periods
- 5 Things Most Seniors Get Wrong About Medicare
- Do You Have to Sign Up for Medicare?
Making the most of Medicare
Using Medicare to your advantage is an important part of making the most of your retirement health and your finances. It's important to consider potential penalties, as well as understand costs and other items related to Medicare. The following resources can help you avoid higher costs and get more from Medicare.
- 14 Things That Are Free With Medicare
- 4 Types of Medicare Penalties — and How to Avoid Them
- Which Type of Medicare Costs More in the Long Run?
- Medicare Will Not Cover These 10 Medical Costs
- How to Save Money on Everything Medicare Doesn't Cover
- 7 Ways to Score Cheap or Free Dental Work for Seniors on Medicare
- How to Save Money on Hearing Aids With Medicare
- Medicare Vision Coverage: How to Save Money on Eyeglasses and Exams
- Medicare to Cover Alzheimer's Drugs
- 6 Ways to Get Help With Medicare Expenses
- Save Money on Medicare With State Health Insurance Assistance Programs
- 8 Ways to Avoid Paying More in Medicare Premiums
Meet this week's guest, Hollie Cohen
Hollie Cohen, the licensed independent broker and proud owner of MedigapCares.org, a nationwide agency specializing in personalized Medicare coverage solutions, has an inspiring journey that spans the worlds of advertising, insurance, and financial wisdom.
Licensed nationwide, Hollie possesses a unique ability to help people grasp the crucial differences between Original Medicare paired with a Medicare supplement (also known as a Medigap plan) versus Medicare Advantage.
With over a decade of experience in the insurance industry, Hollie has been a licensed agent for the last 12 years.
Hollie's influence extends to her recognition as a seven-time Mutual Sales Leader for one of the nation's largest Medicare supplement carriers, Mutual of Omaha. Her exceptional knowledge and dedication have earned her a seat on their board, where she contributes her insights to shape the future of the Medicare insurance industry.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about credit repair.
Your credit matters. A lot. Nearly every financial transaction involves your credit: getting an apartment, buying a house, getting cell service…how much you pay for car insurance…sometimes even getting a job. And your credit can determine not just whether you can get various services, but how much you'll pay for them.
So, what happens if you have crappy credit? You might turn to a credit repair company, but this is an area rife with rip-offs. There are more than 40,000 credit repair companies in the United States and it's not easy to tell the good guys from the bad guys. And believe me…there are plenty of bad guys out there.
So today we're going to talk about how to fix your credit yourself, or if you need help, how to find it.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's special guest is Michelle Lambright Black, a long-time industry professional.
Remember, our podcasts don't offer financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
What you need to know about credit scores
One of the reasons people get worried about credit repair is because they're worried about their credit scores. If you want to learn more about credit scores, we have resources that can help.
- Credit Scores: Everything You Need to Know
- Here's Why Nobody Cares About Your Perfect Credit Score
- 7 Ways to Get Your FICO Credit Score for Free
- A New Way to Get Your Credit Score for Free — Straight From FICO
- 5 Reasons Dave Ramsey Is Wrong About Credit Scores
- How to Protect Your Kids' Credit
- What Employers Really See When They Run a Credit Check
Boost your credit score and get more for your money
If you're hoping to boost your credit score, we can help you improve your history and so you have access to more financial services at better prices.
- 5 Little-Known Tactics To Raise Your Credit Score
- Bad or No Credit Score? CreditStrong Can Help
- 7 Surprising Things That Damage Your Credit Score
- Can Carrying a Small Credit Card Balance Help Your Credit Score?
- This Type of Debt No Longer Can Harm Your Credit Score
- 7 Bonehead-Simple Ways to Turbocharge Your Credit Score
- What Is a Secured Credit Card and How Can It Boost Credit?
- How I Got a Perfect Credit Score in 4 Steps
- No Credit Score? These Banks Might Help You Get Plastic
- Credit Limit Lowered? 4 Things You Can Do Right Now to Fix It
Meet this week's guest, Michelle Lambright Black
Michelle is a credit expert, freelance writer, and founder of CreditWriter.com. She has over 20 years of experience writing and speaking about credit and money, and focuses on helping families and small business owners make smart, informed decisions about their credit, money, and financial products.
Michelle's work has appeared in publications such as Reader's Digest, Parents, Experian, FICO, Forbes, Money, Bankrate, Seattle Times, MarketWatch, BuySide from Wall Street Journal, USA Today, and more. She is a two-time finalist for the best personal finance freelancer award from the Plutus Foundation. When she isn't writing or speaking about credit and money, Michelle loves to travel with her family or read a good book.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about dealing with retirement anxiety.
According to a recent Gallup survey, 60% of people approaching retirement think they're not going to have enough money, even when they probably do.
Who wouldn't feel anxious? What if Social Security goes away? What about inflation, rising rates, falling stocks, recessions and ballooning health care costs? Anything could turn your dream retirement into a nightmare.
So today we're going to talk about dealing with the fear of not having enough. Because even if you can't increase your money, you can always increase your confidence.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today, friend of the show Pam Krueger from Wealthramp joins us to help you learn how to manage your anxiety ahead of retirement.
Remember, our podcasts don't offer financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't Miss
- Major auto repairs run $2,000 to $6,000 and Americans are holding onto cars a lot longer -- on average 12 years. Don't let your auto expenses become a money pit. Protect your investment with this awesome company.
- Got extra room in your house or driveway? Make serious money by storing other people's vehicles or stuff. Check it out.
- Join millions of people getting paid for sharing their opinions. Earn up to $40 per month by completing 3 surveys daily in your free time. You can redeem your rewards in cash or gift cards to popular stores like Amazon, iTunes, Starbucks or Walmart.
What are your retirement challenges?
We all have worries about retirement. We talk about them in the show, but it's also good to know that you're not alone. We have great resources on the website that can help you see where you stand—and what you can do to make the most of your retirement dollars.
- The Average Balance in 3 Types of Retirement Accounts in 2023
- The Average Retirement Income in 2023
- Americans Say This Is Their New, Post-Pandemic Retirement Age
- How to Decide When to Retire
- Are You Too Optimistic or Pessimistic With Your Financial Plans?
- 8 Mistakes That Can Sabotage Your Retirement
- 6 Signs You Aren't Ready for Retirement and How to Get Ready
- 7 Unexpected Perks of Delaying Retirement
- 10 Retirement Prep Steps Giving People the Most Grief
- 6 Big Obstacles to Having a Comfortable Retirement
- 9 Signs Your Retirement Is on Track
- The Top 8 Reasons Why People Work in Retirement
Planning for a comfortable retirement
Many people are worried they won't be able to afford retirement. If you start planning, though, you can build the wealth you need to retire comfortably. Here are some of our best resources for preparing for retirement, including ideas for how to live your best life:
Rethink Retirement: 12 Facts and Fictions Worth Understanding for a Better Future
- Why Index Fund Investing Is Good for Your Retirement
- 5 Fast Ways to Turbocharge Your Retirement Savings
- Retirement, Real Estate and I Bonds: We Answer Your Questions
- 6 Ways to Make Extra Money in Retirement
- Health Savings Accounts and Why They Are Great for Retirement
- 6 Things You Should Know Before Buying a Home in Retirement
- 9 Steps for Creating Your Own Retirement Community
- 6 Medicare Mistakes To Avoid for a Healthy Retirement
- 8 Key Steps To Planning for Retirement as a Couple
- 17 Powerful Tips for Retiring Alone
- Rethink Retirement: 12 Facts and Fictions Worth Understanding for a Better Future
- What Does a Bull Market Mean for Retirement Investing?
- 20 of the Best Part-Time Jobs for Retirees
- The Lockbox Strategy and Other Retirement Income Tips
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Pam is also the creator & co-host of MoneyTrack and Friends Talk Money podcast, now in its 7th season. MoneyTrack aired on 250+ public stations on PBS from 2005-2019 and was funded by the Investor Protection Trust.
With more than 25 years in investor advocacy, Pam is one of the leading voices on financial literacy and financial empowerment. She's been the recipient of two Gracie Awards for educating the public about personal investing and received the 2021 NAPFA Special Achievement Award for her work educating individuals about the value of fee-only financial advice.
- Wealthramp
- Podcast: MoneyTrack
- Podcast: Friends Talk Money
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Today’s podcast is a replay of a popular show we did a few months back. So if you didn’t hear it the first time, or want to hear it again, now’s your chance. Thanks for listening to Money Talks News…the podcast!
Stacy's been offering money guidance for 41 years: 10 as a financial adviser and 31 as a personal finance reporter. Miranda's been writing and podcasting about money since 2005. But they still learn more every day.
We hope you want to learn new things, too! And that's why we periodically answer your questions: the ones you send to us at hello@moneytalksnews.com.
Today, we've got some great questions on topics like retirement and annuities, I bonds, real estate and the best time to buy a TV.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman.
Before we start, remember this isn't financial advice. We can only make observations and share what we might do. So make sure to do your own research and take responsibility for your own money.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
We tackle the following questions about retirement:
- Arben: Do you recommend fixed index annuities as an option along with other forms of investing, like SEP IRA, 401(k), traditional IRA?
- Elizabeth: What are some tax-efficient ways to spend IRA accounts once retired? How about real estate, especially in highly inflated areas like California? Is it worth taking out IRA funds to buy a house in a higher-cost area at this time?
- Joseph: My question is about RMDs. Is the required distribution age 72 or is it now 73? I turned 72 in Sept 2022. I keep reading that the new age now is 73. Can you confirm this?
If you want more reading about retirement, we have some great articles and podcast episodes on various retirement topics:
- The Annuity Everyone Needs — and Anybody Can Get
- Should You Buy an Annuity? The Pros and Cons
- Is a Bond Ladder Strategy Right for Your Retirement?
- Want Reliable Retirement Income? Use This Safer Strategy
- Is Now the Time for a Roth Conversion?
- 6 Strategies to Manage Required Minimum Distributions
- 5 Fast Ways to Turbocharge Your Retirement Savings
- 3 Things You Should Do – and Not Do – to Prepare for Your Retirement
- RMD and Inherited IRA Rules: What Beneficiaries Need to Know (Prudential)
Questions about I bonds and inflation
With Series I savings bonds paying much higher yields than they have in years because the yield is tied to inflation, it's no surprise people are interested in them. We also had a question about inflation and how to save money during this time.
- Margaret: Where does one purchase I bonds?
- Jerry: Can you purchase two I bonds, one for the husband and one for the wife?
- Heather: As inflation increases and our pay remains the same, how does one continue to eat well and manage a home with all the rising costs in grocery and retail stores? Any ideas for average folks to live well while our money is not going as far?
Not only do we answer questions about I bonds, but we have plenty of resources on how to use them in your own strategy and how to tackle inflation in your own life.
- 7 Things You Should Know Before Investing in I Bonds
- Is a Bond Ladder Strategy Right for Your Retirement?
- 5 Tips to Protect Your Savings from Inflation
- How to Invest When Both Stocks and Bonds Are Falling
- 5 Ways Inflation Could Make You Richer in the Long Run
- Can Treasury Securities Protect You From Inflation?
- When Inflation Meets Stagnation and What to Do About It
- 10 Sure-Fire Ways to Beat Inflation
- Stocks Are Tanking: What You Need to Know Now
Other questions: buying a TV, spender vs. saver, where to keep cash and more
We answer questions about the best time to buy a TV (maybe it's not Black Friday), what happens if you marry a spender but are a saver, where you should keep your cash and what happens to your mortgage when the company gets bought out.
- Sharli: My mortgage company has been bought out by a bigger company. I'm a 78-year-old widow and am concerned that they will charge me more. Can the company make changes to my original mortgage and force me to pay more each month? I'm already squeezed to the max and want to be able to keep my home.
- El four: I often hear Stacy say to keep money in cash. I don't know what that means. I know you don't mean to sock it away in a sock drawer, but do you mean it should be in some type of precious metals ETF, a low-interest money market account, or what? I have money in a brokerage "settlement" account that I guess earns more than at my bank (0.06%), but is that the best place to put "cash" right now? Thanks.
- Frustrated Wife: So, my husband refuses to save any of his money. He is 71 years old, is retired and has high blood pressure, diabetes and fibromyalgia. He is currently living off of his Social Security with no other savings and believes that his money is to be spent to enjoy life and not to have to save it. I am 71 years old as well and work full time. I've run out of reasons to give him as to why he should be saving his money as he grows older. Are there any suggestions you can give me to help him understand the importance of saving money?
- Jeff: I appreciate the info you provide daily. Any idea when the best time to buy a TV is? I've heard before the Super Bowl is a good time for sales. Thoughts?
For more information and ideas on handling mortgages, saving money and dealing with partner money issues, check out the following resources:
- 7 Banks Now Paying 3.5% or More on Savings
- 13 Unusual but Effective Ways to Save on Groceries
- The Ultimate Guide on How to Save $10,000 in a Year
- 13 Other Retailers With ‘Prime Day' Sales
- 15 Things You Should Always Buy at Yard Sales
- Paying Off Mortgages, Estate Planning and More: We Answer YOUR Questions
- Should You Pay Off Your Mortgage Early? Here's How
- This Is the No. 1 Money Worry of Couples of All Ages
- Couples & Cash: How to Stop Fighting About Money
- 6 Money Moves That Couples Should Make in 2022
- 6 Bank Accounts With Extra Perks for Older Customers
- 7 Ways You May Be Sabotaging Your Bank Accounts
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about growing generational wealth: in other words, leaving money to your heirs.
According to the Census Bureau, baby boomers are nearly 9 times wealthier than their kids, the millennials. Which means as baby boomers, like me, die off, there's going to be one of the biggest wealth transfers in history.
Want to create the kind of wealth you can pass down to the next generation—and maybe the generation after that? Then you're in the right place. Because today we're all about legacy-building.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Kevin Matthews, a former investment advisor and the author of Starting Point: How To Create Wealth That Lasts.
Remember, this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't Miss
- If you're under age 65, you can get $1 million in life insurance without needing a medical exam or blood test, starting at just $1 a day, thanks to this top-rated life insurance company.
- Did you know that an overnight stay in the hospital for your dog or cat can set you back thousands of dollars? With Lemonade Pet, you can get up to 90% of those unexpected vet bills covered.
- Vanguard has found that working with the right financial advisor can boost your investment returns by 3%. Use this free tool to find a vetted fiduciary to help with your finances.
How to build generational wealth
You can't pass on a financial legacy if you don't have your own wealth. If you're hoping to build wealth, we have your resources. We have a lot on investing, which is among the best ways to build wealth. Once you establish yourself, you can build generational wealth that acts as a financial legacy for those who come after you.
- 14 Simple Strategies for Building Long-Term Wealth
- Compound Interest and Saving: Secrets to Building Real Wealth
- 16 Ways to Outsmart Your Brain for More Wealth and a Better Retirement
- How Net Worth Tracking Makes You Wealthier
- 11 Secret Ways Americans Build Wealth
- Saving Is Not Enough: Why You Need to Invest
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- Your Guide to Alternative Investments
- What Is Socially Responsible Investing?
- 7 Things You Should Know Before Investing in I Bonds
- How to Invest When Both Stocks and Bonds Are Falling
- 7 of the Best Ways to Invest That Don't Involve Stocks
Teach your kids about money
It's not just about boosting your kids' credit scores and protecting them from identity theft. You also need to give them a head start on managing their finances in a healthy way. Here are some resources we provide that can help you with your kids' needs, including how you can save money while you raise your children.
- What Type of Investment Account Is Best for My Kids?
- How to Protect Your Kids' Credit
- 5 Tips for Helping Your Kids Become Financial Grownups
- 8 Tips on How to Help Your Grandchildren Financially
- How ‘Mean Moms' Teach Their Kids About Money
- How to Teach Your Kids About Budgets
- 5 Best Ways to Save Money for Kids
- 8 Money Lessons You Must Teach Your Grandchildren
- 6 Ways to Help Adult Children Without Going Broke
Meet this week's guest, Kevin L. Matthews II
Kevin L. Matthews II is a Plutus Award winner and number one bestselling author. He has helped hundreds of individuals plan for their retirement in addition to managing more than $140 million in assets during his advisory career. By 2017, he was named one of the Top 100 Most Influential Financial Advisors by Investopedia.
Kevin launched BuildingBread in 2010 to inspire millennials to set, simplify and achieve any financial goal. Kevin regularly speaks to young adults across the country and has been featured in several media publications and productions including The Wall Street Journal, The New York Times, Forbes, Black Enterprise, CNBC, and many others.
Kevin holds a bachelor's degree in Economics from Hampton University, a certificate in financial planning from Northwestern University and a certificate in disruptive strategy from Harvard Business School. In 2020, he graduated from the University of Texas at Austin's McCombs School of Business with a Master's in Technology Commercialization (MSTC).
- Website
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Today’s podcast is a replay of a popular show we did a few months back. So if you didn’t hear it the first time, or want to hear it again, now’s your chance. Thanks for listening to Money Talks News…the podcast!
Let's start with a question: Do you have enough in your retirement account? According to a recent report from Vanguard, the average American has around $140,000 saved for retirement. For those 65 and older, that average balance is about twice that, or $280,000.
Sounds like a lot, right? But for many people, even with Social Security, it's not going to be enough.
If that's you, let's fix it. In this podcast, we help you create a plan to beef up those retirement savings.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is a friend of the show, Joe Saul-Sehy from Stacking Benjamins.
Remember, even though we sometimes talk about money and specific investments, never take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Are you ready for retirement?
The Employee Benefit Research Institute points out that 7 in 10 workers are confident they can retire comfortably. In this show, we talk about the potential disconnect between what you might think is enough and what's actually enough. Here are some articles that can help.
- How Much People Have Saved for Retirement at Every Age
- 6 Big Obstacles to Having a Comfortable Retirement
- Most People Say They've Reduced or Stopped Saving for Retirement Because of Inflation
- 4 Generations Share the Age They Started Saving for Retirement
- Here's the New Magic Number for Living Comfortably in Retirement
- 6 Reasons Americans Are Fast-Tracking Their Retirement
- 9 Signs Your Retirement Is on Track
- Even Millionaires Share These 4 Retirement Worries
- 7 Reasons Americans Seniors Stay Frugal in Retirement
- 10 Reasons Today's Older Workers Are Delaying Retirement
How to create a retirement plan that works for you
Stacy mentions his book "[amazon url="https://www.amazon.com/Life-Debt-2010-Financial-Freedom/dp/1439168601" text="Life or Debt"][/amazon]," as a good starting point to help you figure out what you want out of life—and how to prioritize it. Joe and Miranda also have some good ideas for creating a retirement plan you'll stick with. We also mention our podcast on paying off your mortgage aggressively so you have more money available in retirement.
Let's take a look at some great Money Talks News resources about planning for retirement.
- 15 Tips for Those Within 10 Years of Retirement
- Pre-Retirement Checklist: What to Do Within 5 Years of Retiring
- Financial Advisers Say These Are the Top 10 Retirement Planning Mistakes
- Over 50? Here's How to Catch Up on Retirement Savings
- Health Savings Accounts and Why They Are Great for Retirement (Miranda never gets tired talking about HSAs.)
- Is a Bond Ladder Strategy Right for Your Retirement?
- 4 Things You Can Control in Retirement
- 13 Types of Retirement Income That Are Not Taxable
- 3 Things You Should Do – and Not Do – to Prepare for Your Retirement
- 6 Ways to Guarantee Yourself a Steady Retirement Income
- Sequence of Returns Risk and How to Protect Your Retirement From It
Meet this week's guest, Joe Saul-Sehy
Joe is a former financial adviser (16 years) and represented American Express and Ameriprise Financial in the media. He was the "Money Man" at Detroit television station WXYZ-TV, appearing on air twice weekly. He's appeared in Bride, Best Life, and Child magazines, and in the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers. He's also appeared online in more than 200 different places, including CNBC.com and WSJ.com.
- Website
- Stacking Benjamins Podcast
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
This has been a very odd year. Lots of pundits were predicting a bad stock market for the first part of this year as inflation and high interest rates pushed the economy into a recession.
Nope.
At the end of July, the S&P 500 was up nearly 20%, and the tech-heavy NASDAQ was up 30%.
Another thing the pundits advised: The Fed would stop raising interest rates by mid-year. Some "experts" even thought they'd be falling by now.
Nope.
On July 26 we got yet another boost in interest rates. They're now higher than they've been in a generation.
So, is there a recession on the horizon? Or will we have a soft landing, with the economy slowing enough to defeat inflation but avoid a severe downturn?
That's what we're going to explore in this special podcast episode: the outlook for stocks, housing and interest rates for the remainder of 2023.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's special guest is Stash Graham, managing director and CIO with Graham Capital Wealth Management.
As you listen, remember, this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you hear.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
What's happening in the economy?
It's obviously important to know how the economy could potentially affect you. Here are some articles offering insight into what's going on and potential moves you should be making.
- 4 Groups Who Say the Economy Is Wrecking Their Mental Health
- How to Stand Out and Land a Job in a Tough Economy
- 3 Signs Consumers Are Wobbling in Today's Economy
- 32 Inflation Hacks to Save You Money in an Economic Downturn
- It's Now Much Harder for First-Time Buyers To Afford a Home Here
- 15 Cities Where Homebuyers Are Most Impacted by Rising Interest Rates
- 10 Best Moves for Rising Interest Rates
- What the Volatility Index Says About the Economy and Markets
- The Best Investments for Rising Interest Rates
How to manage your money for the last part of the year
Now you know what might happen, it's time to figure out how to manage your money for the last part of the year. We have some helpful resources on taxes, savings, smart spending and investing that can help you get more for your money during the last part of the year.
- 7 Year-End Tax Tips That Could Save You Thousands
- 7 Year-End Financial Planning Moves to Consider Now
- 7 of the Best Ways to Lower Your 2024 Taxes Today
- 11 Tax Deductions You Can Claim Without Itemizing
- 5 Tax Deductions Every Homeowner Should Know About
- 6 Things Every Self-Employed Worker Should Know About Taxes
- 5 Simple Software Solutions to Get Your Taxes Done Fast
- Saving Is Not Enough: Why You Need to Invest
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- How to Choose Between Active and Passive Investing
- 10 Depression Era Hacks and Frugal Living Ideas To Save Money Now
- Frugal Living Guide: How to Have Less Stuff and Save Money
- 10 Ways to Change Bad Spending Habits and Save Money
- Money in Flexible Spending Accounts Will Soon Evaporate
Meet this week's guest, Stash Graham
Stash Graham is Managing Director of Graham Capital Wealth Management and has over 16 years of experience in the asset management space.
Graham is a seasoned asset manager whose experience includes both public and private markets. He started his career as a Financial Analyst at Health and Estate Advisors before serving as a Vice President of Investments at J.P. Turner prior to the founding of Graham Capital Wealth Management in 2016. Graham holds a bachelor's degree in biology and a Master of Business Administration with a specialization in Finance from La Salle University, as well as a Master of Science in Finance from Johns Hopkins University.
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
If you're an avid investor…or even if you're not…at one time or another you've probably considered investing in individual stocks. I've been doing it for 40 years, and over that time have made well over a million dollars investing in the stocks of individual companies.
But stock picking isn't for everyone, and it comes with risks. Even the best stock pickers periodically lose money. The trick is to learn a few rules that will increase your odds.
And that's what we're going to talk about today.
Stacy Johnson and financial journalist Miranda Marquit are joined by producer and novice investor Aaron Freeman. This week's guest is a friend of the show, Kevin Matthews, a former investment advisor and the author of Starting Point: How To Create Wealth That Lasts.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
You can download this episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Don't Miss
We're talking about investing this week, so you don't want to miss out on an opportunity to learn more about investing in alternative assets.
- You can easily diversify and build a portfolio of private assets like real estate, private credit, and venture capital in less than 5 minutes, with as little as $10, by opening an account with this next-generation portfolio manager.
More on investing in stocks
One of the best ways to build wealth is through stock investing. There are many different ways to invest in stocks, and we can help you figure out how to make the most of your investing dollars. Here are some resources from Money Talks News to help you learn about stock investing, including ideas for where to put your money:
- Saving Is Not Enough: Why You Need to Invest
- 9 Tips for Sane and Successful Stock Investing
- People Who Work Hard May Be Bad Investors, Study Shows
- I Asked AI for Stocks That Could Outperform for the Rest of the Year. Here's What It Said.
- 7 of the Best Dividend Stocks to Help Fund Your Retirement
- Stocks Are Tanking: What You Need to Know Now
- The Market is Low: Time to Buy Stocks?
- How to Invest When Both Stocks and Bonds Are Falling
- How to Find the Best Dividend Stocks, Step by Step
- How to Pick Winning Stocks, Step by Step
Learn more about investing
Stock investing isn't the only way to make money as an investor. We've got a lot of great articles about other ways to invest—and about investing in general. Get more bang for your buck after learning about the resources.
- 9 Safe and Smart Investments for Retirees
- Why You Shouldn't Look at Your Investments During a Bull Market
- Top Alternative Investments for Diversifying Your Portfolio
- Your Guide to Alternative Investments
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- Investing In Commercial Real Estate with CrowdStreet
- How to Choose Between Active and Passive Investing
- How to Know When the Bear Market Is Over — and Why You Shouldn't Wait to Invest
- What Is Socially Responsible Investing?
- 7 Things You Should Know Before Investing in I Bonds
- 7 of the Best Ways to Invest That Don't Involve Stocks
Meet this week's guest, Kevin Matthews, II
Kevin L. Matthews II is a Plutus Award winner and number one bestselling author. He has helped hundreds of individuals plan for their retirement in addition to managing more than $140 million in assets during his advisory career. By 2017, he was named one of the Top 100 Most Influential Financial Advisors by Investopedia.
Kevin launched BuildingBread in 2010 to inspire millennials to set, simplify and achieve any financial goal. Kevin regularly speaks to young adults across the country and has been featured in several media publications and productions including The Wall Street Journal, The New York Times, Forbes, Black Enterprise, CNBC, and many others.
Kevin holds a bachelor's degree in Economics from Hampton University, a certificate in financial planning from Northwestern University and a certificate in disruptive strategy from Harvard Business School. In 2020, he graduated from the University of Texas at Austin's McCombs School of Business with a Master's in Technology Commercialization (MSTC).
- Website
- YouTube
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Did you know that most wealthy people don't drive luxury cars? It's not all Lamborghinis and Bentleys. For many, the most likely cars are Toyotas, Hondas and Fords. You might be surprised at other millionaire habits more frugal than you'd expect.
In this podcast, we're going to talk about the habits of millionaires, because understanding what millionaires do can help you follow in their footsteps.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's special guest is Sarah Fallow, daughter of Dr. Thomas J Stanley, the author of The Millionaire Next Door and the founder of DataPoints, a company that looks at data surrounding self-made millionaires.
Before we start, remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Learning about millionaire habits
There are some you can learn from millionaires that can guide you to your own version of wealth. If you want to learn more about The Millionaire Next Door, Brandon Gaille offers a quick summary. We also found some great quotes on Good Reads from the book. One great quote: "Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods."
If you're looking for some more resources on becoming a millionaire, we have great articles on Money Talks News:
- How to Become a Millionaire, Guaranteed
- 9 Millionaire Habits You Can Learn From
- 13 Smart Habits of Millionaires You Should Adopt
- The 10 Golden Rules of Becoming a Millionaire
- 14 Myths About Becoming a Millionaire
- Where Do Millionaires Keep Their Money?
- 6 Money Secrets of Self-Made Millionaires
- 5 Surprisingly Simple Ways to Become a Millionaire
- 9 Millionaires and Billionaires With Surprisingly Frugal Habits
Building a foundation for becoming a millionaire
As you work toward becoming a millionaire, you need a solid financial foundation. We have plenty of resources on this website to help you learn about saving and investing, as well as smart spending. Take a look:
- Start Building Serious Savings With a Pay-Yourself-First Strategy
- 5 Effortless Ways to Boost Your Retirement Savings
- How the Secure Act Could Make or Break Your Retirement Savings
- The Pros and Cons of Dividend Stocks for Retirement Savings
- Frugal Living Guide: How to Have Less Stuff and Save Money
- 10 Ways to Change Bad Spending Habits and Save Money
- 9 of the Best Ways to Save Money on a Tight Budget
- How to Choose Between Active and Passive Investing
- 9 Tips for Sane and Successful Stock Investing
- The Lazy Person's Guide to Flawless Investing
- How to Find the Best Dividend Stocks, Step by Step
- 8 Budgeting Questions to Keep Your Spending in Check
Meet this week's guest, Sarah Stanley Fallaw
Sarah Stanley Fallaw, Ph.D. is the author of The Next Millionaire Next Door and the founder and President of DataPoints LLC, a behavioral assessment advisortech company. In her role at DataPoints and her research, Dr. Fallaw continues the study on self-made wealth begun by her late father, Dr. Thomas J. Stanley, author of The Millionaire Next Door. Dr. Fallaw's research on the psychology of wealth has been featured in numerous conferences and publications, and she consults with firms worldwide on measuring client money personality.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Are you familiar with Roth IRAs? If you're not, you should be, because Roth IRAs are a great way to get tax-free income after you retire.
There is a potential fly in the ointment, however. Namely, not everyone qualifies for a Roth. If you make too much money, Uncle Sam says you can't use em. But there's a way around that rule: Fund a regular retirement account, then roll it over to a Roth. It's called a backdoor Roth. Sounds sneaky, right? Should you do it? And if so, how do you go about it?
Let's find out. In this podcast episode, we're talking about how to convert an IRA to a Roth IRA without getting eaten alive by income taxes. In addition, we'll be talking about nearly every facet of Roth accounts and why they should be an integral part of every retirement strategy.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman.
This week's guest is Ed Slott, the founder of IRAhelp.com. He's ready to tell us why a Roth conversion is his #1 tax tip for this year.
Before we start, remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Using an IRA for your retirement
We talk about Individual Retirement Accounts (IRAs) in this episode. Here are some great resources on how to make the most of your IRA—whether you get a traditional or a Roth.
- Investing in Gold and Gold IRAs: 5 Things You Need to Know
- The 7 Most Popular IRA Investments
- 15 Mistakes People Make With Roth IRAs
- Got an IRA? Here's How to Use the Bear Market to Your Advantage
- How a Roth IRA Conversion Turns a Stock Market Plunge Into a Plus
- 8 Ways to Maximize Your Traditional or Roth IRA
- How to Buy Real Estate With Your IRA
If you decide to do a Roth conversion, like our guest Ed suggests, make sure you know the rules. We recommend checking out Investopedia's article on Roth IRA Conversion Rules.
Learn more about retirement accounts
An IRA isn't your only choice for retirement. There are different accounts and strategies you can use to make the most of your golden years. Here are some great resources for getting more out of retirement.
- My Retirement Savings Are Shrinking. Should I Worry?
- How to Retire at Any Age Using Your Retirement Number
- 12 ‘Course Corrections' That Will Improve Your Retirement
- The Top 8 Sources of Retirement Income, According to Retirees
- 5 Dumb Retirement Mistakes Everyone Makes
- How to Boost Your Social Security by 30% + 7 Tips for a Richer Retirement
- How to Save for Retirement, Decade by Decade
- 11 Huge Retirement Costs That Are Often Overlooked
- 9 Topics to Tackle Now to Survive Retirement With Your Spouse
- 8 Countries That Offer Retirement Visas to Americans
- How 401(k) Plans Could Soon Be More Like Pensions
- Have a 401(k)? Here's a Secret Retirement Plan You Probably Don't Know About
- 7 Secrets You Should Learn From 401(k) Millionaires
- 4 Ways to Save for Retirement Without a 401(k)
- Why a Solo 401(k) Offers Big Savings Opportunities for the Self-Employed
Meet this week's guest, Ed Slott
Ed Slott is a nationally recognized IRA distribution expert, television personality, and best-selling author who has dedicated his life to educating Americans on the intricacies of IRAs. He was named "The Best Source for IRA Advice" by The Wall Street Journal. Slott is the author of numerous highly acclaimed books, including his latest, The New Retirement Savings Time Bomb (Penguin Random House, 2021) and Ed Slott's Retirement Decisions Guide: 2022 Edition (IRAHelp, 2022).
He has also hosted several public television programs, including his latest, Ed Slott's Retirement Freedom!, and is a Professor of Practice at The American College of Financial Services.
- IRAhelp.com
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omny.fm/listener for privacy information.
In this episode, we're talking about protecting your kid's identity and building their credit.
You might be surprised to learn that 1 in 50 children is affected by child identity fraud, costing consumers nearly $1 billion per year. So, how do you make sure your child isn't the one whose identity is stolen? Glad you asked, because that's the question we're going to answer today.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. And today's guest is Erik Beguin, founder and CEO of Austin Capital Bank, FreeKick, and CreditStrong.
Full disclosure: We have an advertising relationship with Austin Capital Bank, but that doesn't affect our opinions. Know why? Because we're journalists, that's why! Before we start, remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Your credit matters: what you need to know
We talk about the importance of credit. In fact, your credit can impact the types of financial services you have access to and your interest rates. If you want to learn more about credit, credit scores and identity fraud, we have some resources that might help you make the most of what's next.
- How to Build Your Credit in 2023
- Bad or No Credit Score? CreditStrong Can Help
- A New Way to Get Your Credit Score for Free — Straight From FICO
- What Employers Really See When They Run a Credit Check
- 8 Types of Companies That Look at Your Credit Report
- 7 Surprising Things That Damage Your Credit Score
- Can Carrying a Small Credit Card Balance Help Your Credit Score?
- Credit Scores: Everything You Need to Know
- This Type of Debt No Longer Can Harm Your Credit Score
- 3 Powerful Tools to Destroy Your Debts and Renew Your Credit
- What Is a Secured Credit Card and How Can It Boost Credit?
- 9 States Where People Face the Highest Risk of Identity Theft and Fraud
- The Best Free Password Managers for Protecting Your Identity
Help your kids learn about money
It's not just about boosting your kid's credit score and protecting them from identity theft. You also need to give them a head start on managing their finances in a healthy way. Here are some resources we provide that can help you with your kids' needs, including how you can save money while you raise your children.
We also encourage you to check out the Equifax Minor Freeze Request Form and the FTC ID Theft Report Form. You can also use the FTC guide: How to Protect Your Child From Identity Theft.
- 5 Tips for Helping Your Kids Become Financial Grownups
- Here's How Much It Costs to Raise a Child These Days
- 8 Tips on How to Help Your Grandchildren Financially
- 4 Financial Steps to Take if You're Raising a Child With Special Needs
- How ‘Mean Moms' Teach Their Kids About Money
- How to Teach Your Kids About Budgets
- 17 Super Smart Ways to Get Cheap or Free Books for Kids
- 5 Best Ways to Save Money for Kids
- How to Clothe the Kids Without Busting Your Budget
- 4 Ways to Save Money on Kids' Sports and Activities
- 18 Restaurant Deals Where Kids Eat Free or for Cheap
- 10 Things to Let Kids Pay for Themselves
Meet this week's guest, Erik Beguin
As CEO and founder of Austin Capital Bank, Credit Strong, and FreeKick, Erik Beguin is recognized as an industry leader in creating credit-building and identity protection products for consumers. Erik is also recognized nationally as an expert in banking and financial technology, having served as an appointed advisor to both the Federal Reserve and Consumer Financial Protection Bureau (CFPB).
He received an MBA with distinction from the University of Michigan Ross School of Business, a BA in accounting and economics summa cum laude from Luther College in Decorah, Iowa, and is a certified public accountant.
- Linked In
- FreeKick
- Credit Strong
- Austin Capital Bank
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode of the Money Talks News podcast, we're talking about how organizing your money can make you richer and how to get there with the least possible pain.
This will probably come as no surprise, but according to a recent survey, only 23% of Americans have a formal financial plan. And you can probably guess why: 76 percent of those without a plan say they feel overwhelmed by the thought of creating one and 56 percent say their life is too uncertain for a plan to have any value.
That's a bummer because having a plan for your money can lead directly to having more money. And as we like to say around here, more money is better.
That's why this week's guest is going to help us get our money ducks in a row.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our special guest today is Alissa Maizes, the founder of Amplify My Wealth, a registered investment advisor.
Remember, this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Better organization in finances and in life
Getting organized can help you in various aspects of your life—including your finances. Whether it's using containers you already have to organize your current possessions or you're just trying to figure out how to organize your schedule, we have plenty of resources for you. On the podcast, we talk about the importance of organization and how it can help, and our articles on the website can complement our discussion by helping you organize just about everything in your life.
- How to Organize Your Finances, Step by Step
- 10 Ways to Get Your Financial Life in Order
- Frugal Living Guide: How to Have Less Stuff and Save Money
- 17 Products to Keep Your Car Clean and Organized
- Get Organized Using Containers You Already Own
- 10 Ways to Reuse Takeout Containers
- How to Organize a Home Office on the Cheap
- 10 Set-Up Essentials for Working From Home
- Organize Your Home With These 10 Thrift Store Finds
- 12 Smart Tricks to Organize Every Room of Your Home
- 17 Things You're Keeping for No Reason — and Should Toss
- 14 Things We Buy and Then Almost Never Use
How to budget for more organized finances
A budget or spending plan can be one of the best ways to stay on top of your finances. We talk about how we manage our money in the podcast episode, but there are plenty of other resources available on Money Talks News. Check out some of our articles that can help you better budget and keep track of what's going on with your money.
- How to Create a Budget You Love: 5 Things You Need to Know
- How to Use the 50/20/30 Rule as Your Budgeting Plan
- 10 Top Budgeting Lessons to Improve Your Money Management
- How to Create a Budget You Love: 5 Things You Need to Know
- The 5 Best Budgeting Apps to Get Your Finances Together
- How to Create a Realistic Retirement Budget
- 4 Tips for Setting (and Sticking to) a Vacation Budget
- 4 Money Conversations to Have With Your Partner When You Budget
- 10 Tips to Travel Abroad on a Budget (for Weeks at a Time)
- 9 of the Best Ways to Save Money on a Tight Budget
- 25 Tax Planning Tips for Now and the Future
- Start Planning Your 2023 Vacations With These Cards
- Financial Advisers Say These Are the Top 10 Retirement Planning Mistakes
Meet this week's guest, Alissa Maizes
Alissa is a licensed attorney and registered investment advisor providing women and young adults with financial advice and a plan that embraces the life they want.
Alissa launched Amplify My Wealth to enable you to benefit from receiving financial advice, a financial plan as well as a partner that guides you on your journey to living the life you want. Her approach eliminates the traditional "waiting game" for clients who otherwise would be unable to avail themselves of having a fiduciary financial advisor putting their needs first.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
You probably have long-term money goals: You know, the money you're saving for something that's years, even decades away, like retirement savings. But you also want money for things that are just weeks or months away, like creating an emergency fund or saving for a vacation.
The trick is finding the right balance, so you can hit both your short and long-term targets.
And that's what we're going to talk about today. Because I want you to be able to have what you want now and what you need later.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our special guest today is Alissa Maizes, the founder of Amplify My Wealth, a registered investment advisor.
Remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Setting financial goals
One of the most important things you can do for your money is to set financial goals. We talk about short-term and long-term financial goals and the importance of understanding them during the episode. But we also have some great articles on Money Talks News about setting goals for different purposes. Check out these resources on setting goals in different situations.
- How to Achieve Your Financial Goals in 2023
- Set Financial Goals: It's the Secret to a Prosperous and Secure Future
- 5 Powerful Mental Tips to Accomplish Your Goals
- 11 Retirement Funding Goals Everyone Ought to Hit by Age 50
- 9 Tips to Tackle Your Financial Goals and Still Have Fun
- The 17 Best Retirement Investments to Achieve Your Financial Goals
- How to Set Smart Goals for Your Investments
- 7 Savings Goals to Create a Happier Today — and Tomorrow
- How to Answer Interview Questions About Career Goals
Building wealth while balancing goals
Many of us have goals that revolve around building wealth or setting specific goals like debt reduction. As you balance your short-term and long-term financial goals, it can help to have help in forming good habits to help you build wealth. Here are some of our favorite resources on building wealth as you work toward your financial goals.
- 5 Tips for Boosting Your Income to Reach Your First $1 Million
- 9 Millionaire Habits You Can Learn From
- The 10 Golden Rules of Becoming a Millionaire
- How to Become a Millionaire, Guaranteed
- 12 Habits Happy People Use to Make Life Better
- 7 Actions to Take Now to Get the Life You Want
- How to Create a Budget You Love: 5 Things You Need to Know
- How to Pay Off $100,000 in Debt
- 5 Things You Need to Know About Paying Off Debt This Year
- 6 Clever Ways to Build Wealth Outside the Stock Market
- How to Downsize Your Clutter and Build Wealth
- 9 Websites to Learn Skills for Free
- Start Building Serious Savings With a Pay-Yourself-First Strategy
- 9 Daily Rituals to Set Yourself Up for Career Success
Meet this week's guest, Alissa Maizes
Alissa is a licensed attorney and registered investment advisor providing women and young adults with financial advice and a plan that embraces the life they want.
Alissa launched Amplify My Wealth to enable you to benefit from receiving financial advice, a financial plan as well as a partner that guides you on your journey to living the life you want. Her approach eliminates the traditional "waiting game" for clients who otherwise would be unable to avail themselves of having a fiduciary financial advisor putting their needs first.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode we're talking about the dangers of debt in a rising rate environment, and how to deal with it.
The Federal Reserve has now raised interest rates nine times in the last year.
The idea of higher rates is to put the brakes on the economy in order to slow inflation. All good, until someone gets hurt. And who gets hurt by higher rates? Consumers who need to borrow, that's who.
Higher rates mean higher credit card interest, car loan interest, personal loan interest and mortgage interest. And for many folks, that's a big deal. In fact, higher rates can price people out of a purchase entirely. It also means higher minimums and more difficulty paying down debt.
So let's talk about what you can do to ease the pain.
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's special guest is Matt Schulz, an industry analyst for Lending Tree and author of the forthcoming book Ask Questions, Save Money, Make More.
Remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Dealing with inflation
Inflation is impacting every aspect of our financial lives right now. If you're trying to figure out how to get through it, we have resources on Money Talks News that can help.
- What's Your Personal Inflation Rate?
- 4 Ways Americans Are Coping With Inflation
- 32 Inflation Hacks to Save You Money in an Economic Downturn
- Over Easy: 5 Ways to Deal With Egg Shortages and Inflation
- 7 Ways Inflation Can Cost You at Tax Time
- How Inflation Affects Your Credit Card Rewards
- Americans Are Losing $445 Monthly to Inflation: Here's How to Protect Your Wallet
- 5 Ways Inflation Could Make You Richer in the Long Run
- 10 Sure-Fire Ways to Beat Inflation
- 7 Apps I Use to Beat Inflation at the Grocery Store
- When Inflation Meets Stagnation and What to Do About It
How to pay down debt
When dealing with debt, creating a plan to pay it down is one of the best things you can do. We have many resources to help you pay down debt, and make the most of your money, even in the midst of inflation.
- Debt Consolidation vs. Debt Settlement: 5 Things You Need to Know
- 5 Things You Need to Know About Paying Off Debt This Year
- How to Destroy Your Debt and 3 Things to Do Next
- 5 Ways to Eliminate Credit Card Debt
- How Making 1 Extra Mortgage Payment Could Shave Years Off Your Debt
- 3 Powerful Tools to Destroy Your Debts and Renew Your Credit
- 5 Ways to Deal With Debt Collectors if You're Afraid to Pick Up the Phone
- How to Wipe Out Debt for Good
- How Debt Affects Survivors After a Loved One Dies
- 10 Ways to Lose Weight and Pay Down Debt — at the Same Time
Meet this week's guest,
Matt Schulz is a nationally recognized personal finance expert with 15-plus years of experience helping people make smart decisions with their money. He is currently Chief Credit Analyst at LendingTree. With LendingTree and in his previous role at Bankrate, he has appeared on Good Morning America and NBC Nightly News and been quoted many times in the Wall Street Journal, New York Times and beyond. He is also a trained journalist who has led online news teams for TV stations, websites and newspapers. His first book -- Ask Questions, Save Money, Make More -- is scheduled to be published by Countryman Press, an imprint of WW Norton, in early 2024.
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're tackling a real-life retirement situation. Maybe you've experienced it yourself. You open your statement, and there it is: a shrinking balance.
Maybe it's because the stock market has fallen. Or interest rates have risen, and your bond fund is losing ground.
Either way, what happens when you feel like you're losing a huge chunk of your nest egg? What can you do? Just sit there? Move things around? Sell everything?
Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This episode also includes Pam Krueger, CEO of WealthRamp, along with financial advisor David Frisch of Frisch Financial Group, to help us sort out this real-life conundrum.
Remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
What portfolio strategies are available to you?
During this episode, the crew discusses a specific situation: A couple in their 60s are in a 70/30 portfolio. Now they feel they've lost a big chunk of their nest egg, thanks to recent market drops. Their confidence is shaken. Is it too late to catch up, and how will they catch up?
We've talked about portfolio strategy and investment in the past, so if you're interested in learning more about how to choose investments, here are some good resources.
- What's the Best Asset Allocation for My Portfolio?
- The Best Asset Allocation at Different Ages
- How Excess Cash Can Hinder Your Portfolio — Even in Retirement
- 4 Tax-Deductible Investments for Your Portfolio
- The 60/40 Investment Mix Is Dead – or Is It?
- Your Guide to Alternative Investments
- If You Come Into Some Money, What Should You Do Next?
- 28 Investing Tips From Today's Financial Geniuses
- How to Invest When Both Stocks and Bonds Are Falling
- Retirement, Real Estate and I Bonds: We Answer Your Questions
How to make the most of your retirement
Don't let panic overtake you and ruin your retirement. There are plenty of ways to plan, invest and prepare for retirement. Here are some of our best resources on getting ready for retirement, whether it's decades away or in just a few years.
- How to Retire at Any Age Using Your Retirement Number
- 11 Retirement Milestones Everyone Should Know
- 6 Money Moves You Must Make in Your 50s and Beyond
- Pre-Retirement Checklist: What to Do Within 5 Years of Retiring
- Why Now Is a Great Time to Retire, Despite Inflation and Sinking Stocks
- The Pros and Cons of Dividend Stocks for Retirement Savings
- You're Probably Underestimating How Much You'll Make in Retirement
- 4 Tax Penalties That Can Ding Your Retirement Accounts
- 12 Things You Should Not Do in Retirement
- 5 Effortless Ways to Boost Your Retirement Savings
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.
Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
- Wealthramp
- Podcast: MoneyTrack
- Podcast: Friends Talk Money
Meet this week's guest, David A. Frisch
David A. Frisch, CPA, CFP®, PFS is the founder and CEO of Frisch Financial Group. David has been widely recognized for his accomplishments as a financial expert. Forbes has repeatedly included him in their ranking of New York's Best-in-State Wealth Advisors, and Long Island Business News selected him for their Executive Circle Award as well as their inaugural Banking and Finance Power List. In addition, David is frequently asked to contribute his financial expertise to a variety of media outlets.
David was educated at the State University of New York Binghamton School of Management. After earning his Bachelor of Science in Accounting, David's professional career began at Arthur Andersen & Co., Inc.
David is father to triplets. On weekends, you can find him traveling the Northeast visiting his children at college or at home working on a DYI project alongside his wife and their Goldendoodle, Reese.
- Frisch Financial Group
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
In this episode, we're talking about the Midas metal.
Gold has long been known as a store of value and a hedge against both inflation and global uncertainty. This is why it's also a part of many well-diversified savings strategies, including retirement accounts.
Yes, you can actually hold gold in your IRA—as long as you follow the rules. But should you own gold at all? And if so, is it appropriate for retirement account investing? Let's find out.
In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week, we have a special guest, Devlyn Steele from Augusta Precious Metals, here to talk about everything gold related, including how to set up a Gold IRA.
Before we start, you need to know a couple of things. First thing, we have an advertising relationship with Augusta Precious Metals. However, we won't let that impact our opinions. Know why? Because we're journalists, that's why. Second thing, remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
OK, let's dive in.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Portfolio strategy and asset allocation
We talk about the importance of diversification as you put together a portfolio strategy that includes an asset allocation approach that works for you. This can include gold and other precious metals, as well as other alternative investments. Don't forget to check out these great resources surrounding building a better investment portfolio.
- Your Guide to Alternative Investments
- How to Invest When Both Stocks and Bonds Are Falling
- Are Alternative Investments a Good Idea for Your Retirement?
- Is a Bond Ladder Strategy Right for Your Retirement?
- Sequence of Returns Risk and How to Protect Your Retirement From It
- 7 Things You Should Know Before Investing in I Bonds
- 3 Reasons You Need to Own Gold Today
- Should You Buy Bitcoin or Gold?
- Everything You Want to Know About Crypto But Were Afraid to Ask
- Retirement, Real Estate and I Bonds: We Answer Your Questions
What you need to know about tax-advantaged retirement accounts
Don't forget to stick around to find out exactly how you can hold gold in an IRA. We talk about the importance of investment-grade precious metals, finding the right custodian, and how to watch out for some of the pitfalls. In the meantime, make sure you catch up with our great resources about tax-advantaged accounts and how you can use them to make the most of your retirement.
- 15 Mistakes People Make With Roth IRAs
- How a Roth IRA Conversion Turns a Stock Market Plunge Into a Plus
- How to Buy Real Estate With Your IRA
- 8 Ways to Maximize Your Traditional or Roth IRA
- Got an IRA? Here's How to Use the Bear Market to Your Advantage
- When Can You Withdraw From Your 401(k) or IRA Penalty-Free?
- Here's How to Close the Gender Gap in 401(k) Plans
- Have a 401(k)? Here's a Secret Retirement Plan You Probably Don't Know About
- 35% of Workers with a 401(k) Have Made This Questionable Move
- 7 Secrets You Should Learn From 401(k) Millionaires
- 4 Ways to Save for Retirement Without a 401(k)
- 6 Secret Sources of Income for Early Retirees
- 5 Fast Ways to Turbocharge Your Retirement Savings
- Health Savings Accounts and Why They Are Great for Retirement
Meet this week's guest, Devlyn Steele
During a three-decade financial services and economics career, Devlyn Steele has processed financial assets worth more than $2 billion. As Augusta's director of education, Mr. Steele now leads an education team dedicated to enlightening fiscally conservative Americans about savings diversification through alternative assets. He accurately predicted the 2008 financial crisis and the subsequent surge in gold and silver prices.
In his pivotal role at Augusta, Devlyn reveals his insights about what's happening behind the scenes in the economy and helps Americans diversify their savings to potentially offset economic concerns. His informative web conferences have attracted wealthy and successful customers, including hall-of-fame quarterback Joe Montana*, now Augusta's ambassador. Mr. Steele is a member of the prestigious business analytics program at Harvard Business School.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
You probably remember the Bernie Madoff saga: His famous Ponzi scheme destroyed the life savings of hundreds of sophisticated investors and money managers. Billions vanished into thin air.
So, how do smart people end up in these situations? More to the point, how can you avoid being the victim of a scam?
There are red flags that you should recognize and today we're going to talk about them.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today, we're joined by one of the show's best friends, Pam Krueger from Wealthramp.
Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
You can listen with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
Are you watching out for scams and Ponzi schemes?
We review the Bernie Madoff Ponzi scheme and its fallout. But we do more than talk about that one scam. We give you red flags to watch out for and mention other scams to be on the alert for. Don't get caught off-guard. Here are some of our best articles about scams—and how to avoid them.
- 7 Text Message Scams to Avoid and Report Immediately
- 8 Job Scams and 10 Signs to Watch For
- The 10 Worst Tax Cheats of 2022, According to the IRS
- 6 Ways to Become a Successful Scam Artist
- 9 States Where People Face the Highest Risk of Identity Theft and Fraud
- How You Can Help Your Aging Parents Avoid Financial Abuse
- 6 Things Scammers Do With Your Cellphone Number
- How to Tell If Fraudsters Have Opened Bank Accounts in Your Name
- 7 Ways to Protect Your Retirement From Investment Fraud
- Beware These 8 Signs of Identity Theft
- Trying to Stop Identity Theft? Go Beyond a Credit Freeze
Build wealth—without getting scammedRather than relying on scammers, we've got plenty of other ways for you to build your wealth, including through investing. Try saving, put your money to work for you and avoid the get-rich-quick schemes.
- Investing In Commercial Real Estate with CrowdStreet
- How to Choose Between Active and Passive Investing
- 28 Investing Tips From Today's Financial Geniuses
- 7 Things You Should Know Before Investing in I Bonds
- Environmental, Social and Governance (ESG) Investing: Hope or Hype?
- The Lazy Person's Guide to Flawless Investing
- 5 Effortless Ways to Boost Your Retirement Savings
- How the Secure Act Could Make or Break Your Retirement Savings
- 7 Obvious Money-Saving Tips People Often Forget
- 5 Ways to Earn 5% on Your Savings, Guaranteed
- 5 Fast Ways to Turbocharge Your Retirement Savings
- How to Know if You Are Earning or Saving for Optimal Happiness
- Health Savings Accounts and Why They Are Great for Retirement
- How to Prepare Your Savings for a Recession
Meet this week's guest, Pam Krueger
Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.
Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids.
Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts.
- Wealthramp
- Podcast: MoneyTrack
- Podcast: Friends Talk Money
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
There are almost 22 million people with a net worth of at least $1 million in the United States. That's a lot of millionaires!
Many of these millionaires aren't flashy. They got rich over long periods of time by owning a home or years of investing.
But what if you want to speed up the process? How can you become a millionaire BEFORE you retire? That's what this week's podcast is about: discussing strategies to build your net worth as quickly as possible.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today, we're happy to have Erin B. Haag, the founder of the website Pricing Overhaul and the author of the book Give Yourself a Raise: The Mindset and Math You Need to Get to Your First Million.
Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
You can listen with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
What does it take to become a millionaire?
It's one of the most common aspirational milestones: getting that first $1 million. But what does it take to become a millionaire? You need a combination of mindset, luck and hard work. Lots of hard work. We've got some great articles on secrets, habits and practical tips for improving your finances on your own millionaire journey.
- The 10 Golden Rules of Becoming a Millionaire
- 6 Stunning Money Secrets Millionaires Won't Tell You
- 13 Smart Habits of Millionaires You Should Adopt
- Why Only 12% of Adults — and 29% of Millionaires — Feel Wealthy
- 14 Myths About Becoming a Millionaire
- Even Millionaires Share These 4 Retirement Worries
- Where Do Millionaires Keep Their Money?
- 7 Secrets You Should Learn From 401(k) Millionaires
- 6 Money Secrets of Self-Made Millionaires
- How to Become a Millionaire, Guaranteed
How to grow your wealth and become a millionaire
Looking for ways to make the most of your assets to grow your wealth to become a millionaire? We've got you covered.
- 10 Secret Ways Americans Build Wealth
- 6 Clever Ways to Build Wealth Outside the Stock Market
- 7 Things You Should Know Before Investing in I Bonds
- 9 Tips for Sane and Successful Stock Investing
- The Lazy Person's Guide to Flawless Investing
- The 7 Most Popular IRA Investments
- How to Choose Between Active and Passive Investing
- Your Guide to Alternative Investments
- 12 Legit Ways to Make Money Online Right Now
- 7 Ways to Make Money on Your Phone
- How to Make Money from What's Coming: Web 3.0
- 5 Tips to Make Money Management Fun
- Staying Alive: How to Make Money in a Recession
- Side Hustle Success: Financial Freedom From Lipstick and Bras
- 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
- How to Use the 50/20/30 Rule as Your Budgeting Plan
Meet this week's guest, Erin Haag
Erin B. Haag is the founder of Pricing Overhaul, a company that teaches self-employed women how to overhaul their pricing and make more money than they ever dreamed possible.
Prior to starting Pricing Overhaul, Erin founded a successful Pilates and Yoga studio in Palm Beach, Florida—which she ran for several years before selling the company for 40x her original investment.
Erin brings 20 years of experience to her clients. From calculating your revenue, expenses, owner's salary, profit margin, and beyond, Erin loves crunching the numbers to determine exactly what you need to charge. Her motto is "trust the math" because the numbers never lie.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
According to the latest report from Vanguard, looking at the average amount of money saved for retirement, there's a good chance you might not be on track for comfort in your golden years. The average 45-year-old has less than $180,000 saved for retirement.
But how do you change that? How do you even figure out when you have enough to retire? This week's guest is going to help you figure out your retirement number—and how you can reach it.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. his week's guest is Chris Mamula, one of the partners at Can I Retire Yet?. He retired at 41 by figuring out his retirement number and working toward financial freedom. He's going to share his process and the steps you can take to retire earlier than you thought.
Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
You can listen with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
What kind of career do you have?
We tackle some of the main things you need to be aware of when you work in a career that results in a variable income. Barbara's book, Tipped, takes you through what you need to know as well. Freelancers, service industry workers and self-employed business owners know what it's like to deal with these challenges.
If you're looking for a new career or source of income, check out some of our articles on different jobs and side hustle ideas.
- The Ultimate Guide to Building Freelance Income
- Side Hustle Success: Financial Freedom From Lipstick and Bras
- 7 Tips for Getting a Great Part-Time Job in Retirement
- Calling All Night Owls: 14 Jobs for People Who Like to Stay Up Late
- 16 Early-Morning Jobs for People Who Wake Up With the Sun
- 10 Companies That Hire Part-Time Proofreaders and Editors
- 7 Things You Need to Know About How to Get a New Job in 2023
- 4 Tips for a Modern Online Job Search
- 25 Companies Switching to Permanent Remote Work-From-Home Jobs
- 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
- Why You Can Benefit From a Career Coach
Get more from your money
Don't forget about money moves you can make, no matter what your income looks like. Here are some of our best resources for budgeting, saving, investing and spending your money.
- 6 Things Every Self-Employed Worker Should Know About Taxes
- Money Tight? 4 Legit Ways to Bring in Extra Cash
- Keep Your Money and Health on Track With These 9 Apps
- 32 Inflation Hacks to Save You Money in an Economic Downturn
- 10 Depression Era Hacks and Frugal Living Ideas to Save Money Now
- 10 Ways to Change Bad Spending Habits and Save Money
- The 5 Best Budgeting Apps to Get Your Finances Together
- 8 Surprising Ways to Become Richer Within the Hour
- Your Guide to Alternative Investments
- Where Stocks Are Going in 2023 and Where You Should Invest Now
- 7 Things You Should Know Before Investing in I Bonds
- The 60/40 Investment Mix Is Dead – or Is It?
Meet this week's guest, Barbara Sloan
Barbara Sloan is the author of the book Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals.
Barbara was a homeless teen, who danced for dollars, and definitely did not graduate from college. She spent two decades working in every imaginable position in the service industry all over the country and learning about money on her own. In addition to owning and running a construction company in the heart of Manhattan, she is a personal finance expert and coach. She leverages her experience in the service industry to focus on issues that many in the mainstream financial media don't cover. Barbara lives in New York City with her wife of 10 years, an esteemed corporate finance exec, and together they are a couple of adorable money nerds who point out every dog they see.
- Website
- Book
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
If you're on a steady salary, creating a spending plan is straightforward, because you know both what's coming in and what's going out every month. ****
But what if you don't have a stable salary? What if you're one of the millions of Americans who do side work or own a business or get paid commission? For you, a variable income is just part of the deal.
Then there are people who depend on tips, like bartenders, Uber drivers, servers: you name it. Even freelancers and gig economy workers can have difficulty budgeting and managing their money, thanks to a variable income.
Today, we're going to tackle the subject of a stable budget with an unstable income.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's guest is Barbara Sloan, a former exotic dancer and the author of Tipped, a book about financial empowerment for service industry workers.
Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
This podcast is sponsored by Tellus, the first savings app designed for homebuyers by real estate experts. With Tellus, your savings earn more in one day than up to three weeks in a traditional bank savings account. What's more, there is no stock or crypto exposure, no fees and you can withdraw anytime. Click the link in the show notes and use the code MONEYTALK to get a 5.50% APY for seven days with a $125 minimum deposit.
What kind of career do you have?
We tackle some of the main things you need to be aware of when you work in a career that results in a variable income. Barbara's book, Tipped, takes you through what you need to know as well. Freelancers, service industry workers and self-employed business owners know what it's like to deal with these challenges.
If you're looking for a new career or source of income, check out some of our articles on different jobs and side hustle ideas.
- The Ultimate Guide to Building Freelance Income
- Side Hustle Success: Financial Freedom From Lipstick and Bras
- 7 Tips for Getting a Great Part-Time Job in Retirement
- Calling All Night Owls: 14 Jobs for People Who Like to Stay Up Late
- 16 Early-Morning Jobs for People Who Wake Up With the Sun
- 10 Companies That Hire Part-Time Proofreaders and Editors
- 7 Things You Need to Know About How to Get a New Job in 2023
- 4 Tips for a Modern Online Job Search
- 25 Companies Switching to Permanent Remote Work-From-Home Jobs
- 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
- Why You Can Benefit From a Career Coach
Get more from your money
Don't forget about money moves you can make, no matter what your income looks like. Here are some of our best resources for budgeting, saving, investing and spending your money.
- 6 Things Every Self-Employed Worker Should Know About Taxes
- Money Tight? 4 Legit Ways to Bring in Extra Cash
- Keep Your Money and Health on Track With These 9 Apps
- 32 Inflation Hacks to Save You Money in an Economic Downturn
- 10 Depression Era Hacks and Frugal Living Ideas to Save Money Now
- 10 Ways to Change Bad Spending Habits and Save Money
- The 5 Best Budgeting Apps to Get Your Finances Together
- 8 Surprising Ways to Become Richer Within the Hour
- Your Guide to Alternative Investments
- Where Stocks Are Going in 2023 and Where You Should Invest Now
- 7 Things You Should Know Before Investing in I Bonds
- The 60/40 Investment Mix Is Dead – or Is It?
Meet this week's guest, Barbara Sloan
Barbara Sloan is the author of the book Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals.
Barbara was a homeless teen, who danced for dollars, and definitely did not graduate from college. She spent two decades working in every imaginable position in the service industry all over the country and learning about money on her own. In addition to owning and running a construction company in the heart of Manhattan, she is a personal finance expert and coach. She leverages her experience in the service industry to focus on issues that many in the mainstream financial media don't cover. Barbara lives in New York City with her wife of 10 years, an esteemed corporate finance exec, and together they are a couple of adorable money nerds who point out every dog they see.
- Website
- Book
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
So let me ask you: Got debt? If so, you're not alone. According to the Consumer Financial Protection Bureau, 28% of consumers have an account in collections. Think about that. More than one if four of us are getting hounded on a past-due bill!
Maybe you're not to that point yet, but you can probably relate to the feeling of the bills piling up. Or maybe you're wondering how you'll pay off your part of the more than $1.7 trillion in student loan debt.
Bottom line? Getting out from under debt can be daunting. Like marriage or car leases, debt's a lot easier to get into than to get out of.
So this week we're going to look at different solutions to destroy that debt.
In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. We have two special guests this week, Natalia Brown and Jeff Biesman from National Debt Relief. They'll walk us through options like debt consolidation and debt settlement.
Before we start, two things: First, MoneyTalksNews has an advertising relationship with National Debt Relief. But that's not going to influence our panel's opinions. Second, be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
OK, let's dive in.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
YouTube version:
https://youtu.be/uxI8Pr40cgM
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Debt Consolidation vs. Debt Settlement
It's important to understand the difference between debt consolidation and debt settlement. We take you through all of that in this episode. Our special guests help you understand how their services work, and we also offer you some ideas for what is likely to work best for you. Depending on your situation, one solution might work better than another. Before you decide, check out this episode where Miranda gets real about how she messed up her credit big time.
Here are some resources from Money Talks News about debt settlement and debt consolidation, as well as information about dealing with debt collectors:
- 2-Minute Money Manager: Should I Get a Debt Consolidation Loan?
- 9 Tips for Finding Trustworthy Debt Help You Can Afford
- 3 Powerful Tools to Destroy Your Debts and Renew Your Credit
- 5 Ways to Deal With Debt Collectors if You're Afraid to Pick Up the Phone
- 10 Debt Management Tips for New College Grads
- How I Slashed $25,000 in Credit Card Debt to Zero
- 9 Tips for Finding Trustworthy Debt Help You Can Afford
- 2-Minute Money Manager: Should I Use a Credit Counselor for Debt Help?
- Ask Stacy: Where Can I Find Help With Credit Card Debt?
How to pay down debt
If you're interested in paying down debt on your own, we have a lot of great resources on how to create a plan to pay down debt.
- 5 Things You Need to Know About Paying Off Debt This Year
- How to Destroy Your Debt and 3 Things to Do Next
- Tips and Tricks to Help You Destroy Debt
- 7 Great Tools to Help You Get Out of Debt
- The Best Way to Kill Off Credit Card Debt
- How to Pay Off $10,000 in Debt Without Breaking a Sweat
- 10 Steps to Get Out of Debt Now and Stay Out of Debt Forever
- The Fastest Proven Ways to Destroy Debt
- 2-Minute Money Manager: What's the Best Way to Pay Down Debt?
- 7 Easy Ways to Stay Out of Debt
Natalia Brown joined National Debt Relief (NDR) in 2010 and has served as Chief Client Operations Officer since 2019. Natalia is also an Executive Board Member of the American Fair Credit Council (AFCC).
Natalia volunteers at New Women New Yorkers, a nonprofit that focuses on supporting immigrant women in New York. She also sits on the advisory board for Four Steps Forward, a program that aims to financially educate one million black women over the next five years.
Natalia is a native New Yorker and has two sons who inspire her to be the best she can every day. She is a certified debt specialist and holds a bachelor's degree in accounting from Lehman College and a master's in operations and project management from Southern New Hampshire University.
Jeff Biesman is the Chief Marketing Officer at National Debt Relief and Reach Financial. In this capacity, Jeff is responsible for the brand, PR, partnerships, and all direct-to-consumer marketing activities for both companies. Jeff's career spans a wide range of organizations including AT&T Interactive, Shoedazzle, Bank of America, Sony Pictures Digital, The Walt Disney Company and others.
Jeff grew up in Texas and attended the University of Texas at Austin, where he received a B.A. in Political Science and MBA with a concentration in marketing. Jeff currently resides in Agoura Hills, California.
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
About 30% of people have experienced financial infidelity: things like:
- Keeping purchases secret: 31.4%.
- Hiding debts or accounts: 28.7%.
- Lying about income: 22.6%.
- Draining money from savings: 10.4%.
- Lending money without consent: 6.9%.
All bad stuff, right? Even worse, financial infidelity can be a sign of other relationship issues.
So, how do you avoid this stuff…or if you're already doing it, how do you stop?
Let's find out.
In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Tarra Jackson, Madam Money. She will help us learn how to set better money goals with our partners so we can stop that financial cheating.
Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
OK, let's dive in.
Episode 182 webpage.
YouTube version.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
This podcast is sponsored by Tellus, the first savings app designed for home buyers by real estate experts. With Tellus your savings earn more in one day than up to three weeks in a traditional bank savings account. What's more, there is no stock or crypto exposure, no fees, and you can withdraw anytime. Click the link in the show notes and use the code MONEYTALK to get a 5.50% APY for 7 Days with a $125 minimum deposit.
What is financial infidelity?
We talk about financial infidelity and the signs you should watch out for. Our guest, Tarra Jackson, wrote a book Financial Fornication, that tackles this issue.
It's important to note that we're talking about common issues that can crop in a non-abusive romantic or partnership relationship. If you're experiencing abuse, including financial abuse, we encourage you to call the National Domestic Violence Hotline at 800-799-7233.
We have some great resources that can help you as you work on your relationship with your partner—and your money.
- 10 Best Cities for Budget-Friendly Dating
- Money Fibs Put Millions of American Relationships at Risk
- 7 Social Security Spousal Benefit Rules Every Married Couple Should Know
- This Is the No. 1 Money Worry of Couples of All Ages
- Study: Debt Takes a Toll on Couples' Relationships
- 12 Steps to Protect Your Finances When Leaving an Abusive Relationship
- Money Can't Buy Love, but Sharing It Strengthens Relationships
- 4 Tips to Keep Smartphones From Ruining Your Relationships
- 7 Money Mistakes That Can Doom Your Relationship
Managing money with your partner
We also tackle how to stop engaging in financial infidelity, as well as what you can do to become better partners with your money. Tarra's book, 4 Financial Languages, can help you learn how to communicate with your partner about money. We also have a number of great resources that can help you manage your money better as a couple.
- 4 Money Conversations to Have With Your Partner When You Budget
- The 5 Best Budgeting Apps to Get Your Finances Together
- Talking About Money With Your Honey: How to Do It Painlessly
- How to Maximize Social Security Benefits for a Married Couple
- 5 Ways Couples Can Maximize Credit Card Rewards
- 8 Key Steps to Planning for Retirement as a Couple
- What Is a Joint Bank Account and How Does It Work?
- 10 Financial Moves That Keep You Sane During a Divorce
- 20 Myths About Divorce and Money
Meet this week's guest, Tarra Jackson
Tarra Jackson, known as Madam Money®, is the best-selling author of the three cult favorite books "Financial Fornication," "4 Financial Languages: The Secrets to Communicating about Money," and "The DUALpreneur Bible: 10 Commandments to Starting a Successful Side Business." Tarra is a personal finance expert and animated International Speaker.
Tarra is the founder of DUALpreneur®, an organization that provides support services, resources, and events for people with side gigs, like the International Hybrid conference called #SIDEGIGCON. This conference connects attendees with successful business owners and experts, as well as like-minded entrepreneurs to help them turn their side gigs into profitable businesses.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Are you familiar with it the SECURE Act, and its update, SECURE 2.0? If you're not, maybe you should be. It was recently signed into law, and while it may sound boring, as we're about to explain, there are provisions in this bill that could make you richer. So, let's take a minute and see what's in this thing.
In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Ed Slott, the founder of IRAhelp.com. Ed is one of the top retirement planning experts in the country. He's poured over the contents of this bill and is ready to help us understand the key provisions.
Remember, anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
OK, let's dive in.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Also, don't forget to check out our podcast sponsor, Tellus, for the opportunity to supercharge your savings with an account backed by real estate. Use the code MONEYTALK and get a special APY for seven days with a $125 minimum deposit.
Changes to retirement saving
There have been a lot of changes to retirement savings in recent years, starting with the SECURE Act of 2019, which started taking effect in 2020. SECURE 2.0 updates some of the provisions from the original version and adds a few more.
We talk about the main changes with our guest, and what you need to know about making the most of the approaches to investing. We also have some great articles on how to get the most from your retirement strategy.
- 5 Fast Ways to Turbocharge Your Retirement Savings
- Over 50? Here's How to Catch Up on Retirement Savings
- 4 Genius Ways to Protect Your Retirement Savings
- How to Add $1.7 Million to Your Retirement Savings
- How to Protect Your Retirement Savings After Quitting Your Job
- 7 Types of Retirement Savings Accounts
- The Pros and Cons of Dividend Stocks for Retirement Savings
Build wealth for the future
As you put together your retirement savings strategy, we have plenty of resources designed to help you create a nest egg that will live after you're gone.
- 10 Amazing Ways to Build Wealth at Any Age
- 6 Clever Ways to Build Wealth Outside the Stock Market
- How Net Worth Tracking Makes You Wealthier
- 65 Tips for a Healthy, Wealthy and Happy Retirement
- How Trying to Time the Stock Market Destroys Your Wealth
- Can an Investment Policy Statement Make You 5 Times Wealthier?
- 28 Keys to Building Wealth — Even in Your 50s
Meet this week's guest, Ed Slott
Ed Slott is a nationally recognized IRA distribution expert, television personality, and best-selling author who has dedicated his life to educating Americans on the intricacies of IRAs. He was named "The Best Source for IRA Advice" by The Wall Street Journal. Slott is the author of numerous highly acclaimed books, including his latest, The New Retirement Savings Time Bomb (Penguin Random House, 2021)and Ed Slott's Retirement Decisions Guide: 2022 Edition (IRAHelp, 2022).
He has also hosted several public television programs, including his latest, Ed Slott's Retirement Freedom!, and is a Professor of Practice at The American College of Financial Services.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
According to at least one survey, as many as 80% of Americans prepare a budget.
Even if you don't believe that statistic, it's probably safe to say that 80% of Americans have at least thought about having a budget. So, why don't they actually do it? You probably already know the answer: Because budgets are hard to stick to.
And why is so hard to stick to a spending plan? Because they feel so restrictive! Who wants to go on a dollar diet? Nobody.
How do we fix this? How do we convert from budget hater to budget lover?
Let's find out.
In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week, money and happiness guru Jason Vitug returns to talk about how you can learn to love budgeting. Jason has a new book out, Happy Money Happy Life, and he's ready to share some insight.
Remember, anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
You can watch this episode here, you can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Also, don't forget to check out our podcast sponsor, Tellus, for the opportunity to supercharge your savings with an account backed by real estate. Use the code MONEYTALK and get a special APY for seven days with a $125 minimum deposit.
Financial values and money mindset
When setting a budget that works for you, start with your financial values and money mindset. Stacy talks about this in his book Life or Debt and we tackle the subject in this episode. We also have other articles about finding your values and improving your mindset at Money Talks News.
Discover a one-stop-shop for all your financial needs with MoneyTalksNews Solutions. Save money on car insurance, switch to a higher yielding savings account, simplify debt with consolidation options, and find the best travel credit card. Stay on top of tax debt, home equity lines of credit, mortgage refinancing, personal loans, and compare cellphone plans all in one convenient location. Visit the MoneyTalksNews Solutions page now.
- How and Why to Pass On Financial Values to Your Heirs
- 5 Powerful Mental Tips to Accomplish Your Goals
- 9 Tips to Tackle Your Financial Goals and Still Have Fun
- 7 Actions to Take Now to Get the Life You Want
- 3 Mental Blocks Preventing Your Secure Retirement
- What to Do If You're More Frugal Than Your Spouse
- Set Financial Goals: It's the Secret to a Prosperous and Secure Future
- How to Set Financial Goals for Short-, Medium- and Long-Term Prosperity
Create a budget and save money
One of the reasons to create a budget or spending plan is to allow you to do the things you want to do.
If you're looking for ways to save money and then redirect those resources, these articles can help:
- How to Create a Realistic Retirement Budget
- 9 Small Expenses That Are Bleeding Your Budget Dry
- 4 Tips for Setting (and Sticking to) a Vacation Budget
- 4 Money Conversations to Have With Your Partner When You Budget
- 21 Items to Cut From Your Budget That You Won't Even Miss
- 10 Tips to Travel Abroad on a Budget (for Weeks at a Time)
- 9 of the Best Ways to Save Money on a Tight Budget
- 9 Small Splurges That Won't Break Your Budget
- 10 Ways to Change Bad Spending Habits and Save Money
Track your spending, manage your money and save for the future
Don't forget to visit our Solutions Center for links to tools that can help you make the most of your money. We also recommend the following tools:
- WhistleOut: Save money by comparing mobile plans.
- [link id="101" text="Acorns"]: Set aside money for goals using round-ups and automatic investing.
- [link id="30" text="Stash"]: Invest toward your short-term and long-term goals
- [link id="113" text="YNAB (You Need A Budget)"]: Set your budget and give every dollar a job.
- [link id="244" text="PlayBook"]: Get a financial plan that helps you get the most from your money through helpful tax savings.
Meet this week's guest, Jason Vitug
Jason Vitug is an award-winning creator, author, speaker, entrepreneur, and producer. He is the founder of the personal finance website phroogal.com, creator of the Road to Financial Wellness, and champion of #theSmileLifestyle, a community devoted to experiential and purposeful living.
His TEDx about breaking the money taboo is one of the most viewed talks on money, and he recently released his second book, Happy Money, Happy Life.
Jason received his bachelor's at Rutgers University and MBA at Norwich University. He's an avid traveler, having been to all US states, explored 45 countries, and stepped foot on five continents. He is also a certified yoga teacher and breath work specialist.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Last year was terrible for stocks, with the Dow, S&P and tech-heavy Nasdaq all posting double-digit losses. And that showed up in retirement accounts.
According to Fidelity, In the third quarter of 2022, 401(k) balances were 23 percent lower than the year before.
That's a lot of loss.
This makes for stressful savers, especially those nearing retirement. So, what's an investor to do?
Let's find out.
In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week, we're joined by Robert Gilliland, the managing director and senior wealth advisor with Concenture Wealth Management. He's going to help us navigate our retirement accounts during a bear market.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Watch the YouTube version of this episode: https://youtu.be/L1pl3i8yduw
Also, don't forget to check out our podcast sponsor, Tellus for the opportunity to supercharge your savings with an account backed by real estate. Use the code MONEYTALK and get 6.00% APY for 7 days with a $125 minimum deposit.
Is your retirement in trouble?
For many Americans, their only exposure to the stock market is what's in their 401(k)s. This can feel extremely frustrating after a year like 2022. However, the good news, Robert points out, is that down years are usually followed by recovery. There might be a setback, but if you don't panic and lock in your losses, chances are that your portfolio will recover.
We'll talk about specific ways you can prepare yourself and your portfolio to avoid a retirement setback during a down stock market.
If you want to learn more about planning for retirement, check out these additional resources from Money Talks News:
- 10 Ways the New Retirement Law Helps Savers of All Ages
- Retirement, Real Estate and I Bonds: We Answer Your Questions
- What Happens If I Really Do Run Out of Money in Retirement?
- 11 Retirement Funding Goals Everyone Ought to Hit by Age 50
- 13 Bad Investments for Your Retirement
- 5 Fast Ways to Turbocharge Your Retirement Savings
- Health Savings Accounts and Why They Are Great for Retirement
- Is a Bond Ladder Strategy Right for Your Retirement?
- Is a Retirement Bucket Strategy Right for You?
- The Pros and Cons of Dividend Stocks for Retirement Savings
Worried about what's next for the stock market?
Even if you stay the course and aren't worried about your retirement, you might still be nervous about the stock market and a coming recession. We look at what we think might be on the way and what you can do about it.
(Check out our podcast episode recapping the biggest financial stories of 2022—and how they might impact your pocketbook.)
Don't forget to check out the Money Talks News Solutions Center, where you can find links to high-yield bank accounts, financial advisors and other helpful tools for making the most of your money. Make sure you check out our other great articles and podcast episodes on making the most of your investments, no matter what's happening in the markets.
- Where Stocks Are Going in 2023 and Where You Should Invest Now
- How to Prepare Your Savings for a Recession
- 3 Ways Recessions Can Make You Rich
- Stocks Are Tanking: What You Need to Know Now
- How to Invest When Both Stocks and Bonds Are Falling
- 7 of the Best Ways to Invest That Don't Involve Stocks
- 7 of the Best Dividend Stocks to Help Fund Your Retirement
- How to Pick Winning Stocks, Step by Step
- 7 Things You Should Know Before Investing in I Bonds
- 15 Money Moves for a Richer New Year
Meet this week's guest, Robert Gilliland
Robert G. Gilliland CRPC®, CEPA®, is the managing director and senior wealth advisor of Concenture Wealth Management and has more than 25 years of experience serving residents in the Houston area.
Throughout his career, Gilliland has developed extensive money management and leadership expertise. While attending Stephen F. Austin State University, he ran a franchise of restaurants where he learned valuable organizational, interpersonal and time management skills. This experience would serve him well as he accepted a job at Merrill Lynch after graduation and would hold various leadership roles, including Sales Manager, Resident Director, and later, a member of the Advisory Council to Management. With a strong desire to serve local residents without the constraints of corporate mandates and to offer a wider variety of products and solutions to help them better achieve their financial goals, Gilliland founded his own independent financial advisory firm, Concenture Wealth Management.
Gilliland is an investment advisor representative (IAR) who holds both the Chartered Retirement Planning Counselor (CRPC®)and the Certified Exit Planning Advisor (CEPA®) designations. He has been named to Forbes "Best-in-State Wealth Advisors" list in both 2019 and 2020.
Outside of the office, Gilliland is an avid hunter and fisherman. He serves on several boards and foundations, including the Board of Trustees for Northland Christian School in Houston and volunteering at Warrior's Weekend, an annual outdoor community event supporting combat veterans.
- Website
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
We've all heard the dismal statistics. Most people who set New Year's resolutions abandon them by February. What gives? Why is it so hard to follow through on our goals? And most important: What can we do to succeed?
Let's find out.
In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's special guest is Dr. Brad Klontz, psychologist, professor and Managing Principal of Your Mental Wealth.
Brad's is going to help us understand why we sometimes get in our own way when it comes to money and building financial health.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Also, don't forget to check out our podcast sponsor, Tellus for the opportunity to supercharge your savings with an account backed by real estate. Use the code MONEYTALK and get 6.00% APY for 7 Days with a $125 minimum deposit.
Understanding your mental wealth and money scripts
One of the things Dr. Brad talks about on his website is "money scripts." We cover some of the realities surrounding why it's so difficult for us to set realistic money goals and then accomplish them.
Listen to the episode to learn how to beat your evolutionary programming and become better with your money.
In the meantime, here are some resources about money mistakes—and how to avoid them.
- 10 Embarrassing Mistakes Almost Everyone Makes
- 15 Mistakes People Make With Roth IRAs
- 10 Dumb Mistakes Nearly Everyone Over 40 Makes
- 9 Costly Mistakes to Avoid While Grocery Shopping
- The 3 Mistakes Nearly Every Investor Makes
- 5 Costly Mistakes People Make When Paying Bills
- 5 Big Financial Regrets That Haunt Older Americans
- 6 Things You're Wasting Your Money On– and How to Stop
- 5 Medicare Mistakes to Avoid for a Healthy Retirement
- 7 Mistakes Guaranteed to Ruin Your Retirement
- 6 Estate Planning Mistakes to Avoid
- 9 Common and Costly Tax Mistakes
How to make the most of your money
You don't have to set resolutions to succeed with your money. Instead, it's about figuring out what matters to you and then building a plan around that. If you're interested, Miranda has a post about how she still has a purpose for her money without setting financial new year's resolutions.
Here are some other resources to learn about financial planning, setting money goals and building your wealth.
- 15 Money Moves for a Richer New Year
- Your Top 6 Money Moves for 2023
- 9 Tips to Tackle Your Financial Goals and Still Have Fun
- 5 Critical Money Moves to Make Before Your 40s Are Over
- The 17 Best Retirement Investments to Achieve Your Financial Goals
- Set Financial Goals: It's the Secret to a Prosperous and Secure Future
- How to Set Retirement Goals by Age
- How to Set Smart Goals for Your Investments
- 6 Competing Retirement Investing Goals and How to Balance Them
- 10 Tips to Help You Keep Your New Year's Resolutions
- 15 Products That Will Help You Keep New Year's Resolutions
- 4 Reasons People Stuck to Their Money Resolutions in 2022
Meet this week's guest, Dr. Brad Klontz
Bradley T. Klontz, Psy.D., CFP® is an expert in financial psychology, financial planning, and applied behavioral finance. He's an Associate Professor of Practice at Creighton University Heider College of Business, Co-Founder of the Financial Psychology Institute, and Managing Principal of YYMW Advisors.
Dr. Brad is co-author/co-editor of 8 books on the psychology of money, and is a Fellow of the American Psychological Association, and a Former President of the Hawaii Psychological Association. He was awarded the Innovative Practice Presidential Citation from the American Psychological Association for his application of psychological interventions to help people with money and wealth issues and his innovative practice in financial psychology for practitioners across the country.
- Website
- YouTube
- TikTok
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Side hustles are increasingly a part of life, even if you're just trying to survive.
In 2022, 45% of Americans said they had a side hustle, with an average monthly income of $483. While that might not seem like much, it's possible to use your side hustle as the basis for building financial freedom.
In this podcast, we're going to meet someone who did just that.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's guest is Tom Brickman, aka The Frugal Gay. He sold lipstick, bras and other stuff on eBay, used the money to buy rental properties, and retired from his traditional job at age 39. He's going to tell us how he did it—and how you can use a side hustle to boost your own future financial prospects.
Tom Brickman AKA The Frugal Gay- 40 yo married dog dad from Dallas TX. Recently retired from 9-5 to work on Real Estate full time (21 doors) a resale business and TheFrugalGay.com Tom provides one on one coaching and covers financial literacy & real estate for building wealth.
- Website
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Also, don't forget to check out our podcast sponsor, Tellus, for the opportunity to super-charge your savings with an account backed by real estate. Use the code MONEYTALK and get 6.00% APY for 7 Days with a $125 minimum deposit.
Show webpage.
Side hustles can help you reach your goals
Whether you hope to pay down debt or amass enough to reach financial independence, a side hustle can be a good way to earn more money over time.
Tom talks about how he started his side hustle by selling lipsticks, purses and bras on eBay. Listen to the episode to find out how he used the profits from his side hustle to buy his first rental property and use real estate to pursue financial independence.
In the meantime, here are some Money Talks News articles that offer insight into side hustles:
- 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
- 9 Senior-Centered Side Hustles to Round Out Your Retirement
- 25 Side Jobs That Can Be Done From Home
- 6 Classic Hobbies That Make Money as Trendy Side Gigs
- Money Tight? 4 Legit Ways to Bring in Extra Cash
- How to Earn Extra Money With Online Focus Groups
- How to Reach for Financial Freedom with House Hacking
- 8 Ways to Earn Extra Income With Your Home
Money tips that can help you reach your goals
While a side hustle can be a good way to boost your income and work toward financial freedom, you don't have to use a side hustle. There are plenty of other ways to be smart with your money and grow your wealth.
Check out these additional resources that can help you explore other ways to make more money, save more money and retire rich.
- 7 Tips to Retire with a Million-Dollar Nest Egg
- 14 of the Best Money Moves You Can Make in 2023
- 15 Money Moves for a Richer New Year
- 6 Things You're Wasting Your Money On– and How to Stop
- Your Guide to Alternative Investments
- Cut These 11 Expenses Now If You Hope to Retire Early
- 3 Ways Recessions Can Make You Rich
- 11 Figures You Need to Know for a Secure Retirement
- 7 Actions to Take Now to Get the Life You Want
- 12 Surprising Benefits of Thrift Shopping
- 9 Tips for Sane and Successful Stock Investing
- The Lazy Person's Guide to Flawless Investing
- The 6 Best Investing Apps for Beginners
- 6 Top Robo-Advisers for Investing
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Well, here we are: a brand new year!
Chances are, you're one of the 81% of Americans with a financial new year's resolution. The most common financial resolution this year? Like many other years, it's paying off debt.
But how do you make it happen? Obviously, with a plan. So, let's make one!
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week, John and David, the Debt Free Guys, join us to discuss the five things you need to know about creating a successful debt pay-down plan.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
Show webpage with links.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Get out of debt for good
In addition to our thoughts on creating a debt paydown plan, we have many resources on the Money Talks News website for ideas on getting out of debt. You can even check out Stacy's book, Life or Debt, to help you destroy your debt and get on the path to financial freedom.
- How to Destroy Your Debt and 3 Things to Do Next
- Tips and Tricks to Help You Destroy Debt
- 7 Steps to Quickly Eliminate Your Holiday Debt
- 7 Great Tools to Help You Get Out of Debt
- How to Wipe Out Debt for Good
- The Best Way to Kill Off Credit Card Debt
- How to Pay Off $10,000 in Debt Without Breaking a Sweat
- 10 Steps to Get Out of Debt Now and Stay Out of Debt Forever
- 10 Ways to Lose Weight and Pay Down Debt — at the Same Time
- 13 Ways to Get Out of Debt
- The Fastest Proven Ways to Destroy Debt
Where to find the money to pay off debt
Once you decide to pay off debt, there's a good chance you need to find the money to make your debt pay down plan work. This often includes a combination of strategies to save money and increase your income. Check out these resources that can help you find money to funnel into your debt freedom strategy. And don't forget to check out the debt lasso method our guests use to pay off debt.
- The Ultimate Guide on How to Save $10,000 in a Year
- 15 Ways to Save Money on Prescription Drugs
- 6 Ways to Save Money on Home Entertainment
- 15 Ways to Save Money on Vacation
- 10 Depression Era Hacks and Frugal Living Ideas to Save Money Now
- 11 Ways to Save Money on Food Without Using Coupons
- 4 Ways to Save Money on Kids' Sports and Activities
- 10 Ways to Save Money Shopping for Clothes
- 7 Smart Ways to Save Money at the Gas Pump
- 9 Best Shopping Apps to Save Money
- 5 Tips to Make Money Management Fun
- 9 Ways to Make Money With Online Sales
- 6 Classic Hobbies That Make Money as Trendy Side Gigs
- 6 Effortless Ways to Make Money Whenever You Shop
- 13 Ways to Make Money Delivering Food, Packages and More
- 12 Easy Ways To Make Make Money Online Without Leaving Home
- How to Make Money from What's Coming: Web 3.0
- 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work
- 25 Side Jobs That Can Be Done From Home
- Money Tight? 4 Legit Ways to Bring in Extra Cash
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 175 webpage.
It's been a wild year. Crypto has fallen 70%. The stock market has been horrible. Bonds have had the worst year since 1700s! And we've watched inflation hit levels not seen since Reagan was in the White House.
What does this mean as we move into a new year?
Today, we're going to take a look at some of the biggest money stories of 2022 — and how they might impact your pocketbook as we move into 2023.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Today's guest is Craig Ferrantino, a certified financial fiduciary at Craig James Financial Services.
We've got the scoop on the biggest financial stories of 2022
If it was a big financial news story in 2022, we talked about it on the podcast or covered it in a post on the website. Our insights can help you figure out the impact events have on your money—and what to do about it.
- Ready to Try Cryptocurrency? Here's Everything You Need to Know
- How to Make Money from What's Coming: Web 3.0
- How to Protect Yourself From the Next Crypto Crash, According to Experts
- Stocks Are Tanking: What You Need to Know Now
- How to Invest When Both Stocks and Bonds Are Falling
- 5 Things You Need to Know About This Horrible Stock Market
- 7 Things You Should Know Before Investing in I Bonds
- When Inflation Meets Stagnation and What to Do About It
- Retirement, Real Estate and I Bonds: We Answer Your Questions
- Can Treasury Securities Protect You From Inflation?
- 10 Sure-Fire Ways to Beat Inflation
- 7 Apps I Use to Beat Inflation at the Grocery Store
- 5 Things That May Cost More as Russia Invades Ukraine
- War, Inflation and Scary Markets – What Investors Should Be Doing Now
- How to Get Your Piece of the Student Loan Forgiveness Pie
- Is Forgiven Student Debt Taxable?
Also, we have a few articles outside Money Talks News that we used to get information. Here's what you need to know:
- What's next for bonds after 10-year Treasury note's worst performance since 1788?
- Sam Bankman-Fried and the FTX bankruptcy
- Details of Biden's loan forgiveness plan
- What's the main driver of inflation?
- A look at Fed rate hikes
How to prepare your finances for 2023
We're not sure what's going to happen in 2023, but it's a good idea to be ready. We have plenty of resources on Money Talks News that can help you make the most of your money in the coming year.
- 5 Things You Must Do Before the Next Recession
- 3 Ways Recessions Can Make You Rich
- How to Prepare Your Savings for a Recession
- 5 Things to Do in a Recession
- How to Prepare Your Savings for a Recession
- 5 Things You Must Do When Your Savings Reach $100,000
- The Pros and Cons of Dividend Stocks for Retirement Savings
- 5 Fast Ways to Turbocharge Your Retirement Savings
- Cut These 11 Expenses Now If You Hope to Retire Early
- 2 Costly Rewards Credit Card Mistakes — and How to Fix Them
- 21 of the Best Things to Buy at the Dollar Store
- 10 Tips to Help You Keep Your New Year's Resolutions
- 6 Ways to Increase Your Retirement Savings in the New Year
- 8 Ways to Maximize Your Job Search in the New Year
- Simple, Achievable New Year's Resolutions That Will Make You Richer
- 7 Banks Now Paying 3.5% or More on Savings
- Paying Off Mortgages, Estate Planning and More: We Answer YOUR Questions
- Should You Pay Off Your Mortgage Early? Here's How
- How to Destroy Your Debt and 3 Things to Do Next
- Tips and Tricks to Help You Destroy Debt
- 7 Ways to Save Without Downsizing Your Lifestyle
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 174 webpage with links.
Here we go again: A brand new year is right around the corner. And even if you're not among the 68% of people that make financial New Year's resolutions, you should still look ahead and plan some money moves for the new year. At least, if one of your goals is to get richer.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. This week, two of our favorite financial advisors return to talk about how you can make the most of your new year. Let's welcome Pam Krueger from Wealthramp and Erik Olson from Arete Wealth Advisors in Chicago.
Money moves for a richer new year
No matter the time of year, you can improve your personal finances. We've got more than 15 ideas for you in the coming year. It's the perfect time to reflect on how far you've come and make adjustments for what's next. Check out our resources, articles and more about how to set yourself up for a prosperous year.
- Year-End Review: Evaluate Your Investments in 15 Minutes
- When to Pay for Financial Advice and How to Find the Right Adviser
- Is Now the Time for a Roth Conversion?
- How a Roth IRA Conversion Turns a Stock Market Plunge Into a Plus
- IRS Increases Limits for This Tax-Free Account for 2023
- Record Rise in 401(k) Contribution Limits May Be on the Way
- 15 Habits of Highly Successful Investors
- How to Prepare Your Savings for a Recession
- This Is the Best Online Savings Account for 2022
- 7 Things You Should Know Before Investing in I Bonds
- Tax Strategies That Save You Money
- Plus, read Miranda's article on crypto washing at Cult of Money
- Should You Pay Off Your Mortgage Early? Here's How
- Should You Pay Off Your Mortgage? Ask These 5 Questions
- 4 Tips for Setting (and Sticking to) a Vacation Budget
- 4 Money Conversations to Have With Your Partner When You Budget
- 10 Tips to Travel Abroad on a Budget (for Weeks at a Time)
- 8 Budgeting Questions to Keep Your Spending in Check
- 11 Subscriptions You Might Want to Cancel Today
- Why Your Health Insurance Premiums Could Balloon in 2023
- 2 Reasons Car Insurance Costs May Jump 20%
- How Inflation Puts Your Homeowners Insurance at Risk
- Drivers Who Do This Shred Their Car Insurance Costs
- 10 Surprising Things That Home Insurance Covers
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 173 webpage with all the links.
Death and taxes. They say they are the only certain things in life. Certain or not, though, taxes are definitely stressful, which is probably why 1/3 of Americans procrastinate when tax time rolls around.
And that can be an expensive mistake. Example: Now's the time to focus on year-end tax moves and take advantage of strategies that could save you thousands and will disappear on December 31st.
Let's make sure that doesn't happen to you.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's special guest is tax attorney Kelly Phillips Erb, the founder of Taxgirl and an editor at Bloomberg Tax.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 172 Webpage and Links.
This week we're talking about alternative investments.
If you're like us, stocks, bonds and savings accounts make up the foundation of your investments. And that's a good thing: all three are important for a comfortable, secure retirement. But guess what? They're not the only game in town. As it happens, there are investments that don't involve any of that stuff. And they could be important. Alternative investments offer not just another way to make money, but maybe even a little spice.
Ready to add a little pizzazz to your portfolio? Let's do it.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. We've got not one but TWO special guests this week: Pam Krueger from Wealthramp and Erik Olson from Arete Wealth Advisors in Chicago.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 171 Webpage and Links
Stacy's been offering money guidance for 41 years: 10 as a financial advisor and 31 as a personal finance reporter. Miranda's been writing and podcasting about money since 2005. But they still learn more every day.
We hope you want to learn new things, too! And that's why we periodically answer YOUR questions: the ones you send in by emailing us at hello@moneytalksnews.com.
Today, we've got some great questions on topics ranging from retirement and annuities, I-bonds, real estate and the best time to buy a TV.
Subscribe to Money Talks News here to watch more videos: https://www.moneytalksnews.com/youtube-subscribe
Connect with us online: Like Money Talks News on Facebook: https://www.facebook.com/moneytalksnews/ Follow Money Talks News on Twitter: https://twitter.com/moneytalksnews Sign up for the Money Talks Newsletter: https://signup.moneytalksnews.com/
About Money Talks News: Our goal is to help you reach your goals by telling stories that matter to you. Stories that offer specific advice on saving more, spending less, investing, and avoiding debt – without making your eyes glaze over.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 170 webpage with links.
Note: Episode 170 was recorded November 25th, 2020. Some details (such as pricing) may have changed since its recording. However, we felt the content is still relevant and useful to share with our listeners.
Jeepers creepers, where'd you get those peepers? For that many of us, seeing requires glasses or contact lenses. However, these items aren't included in most insurance policies — unless you pay extra. So, many of us are stuck paying out of pocket. Today we're talking about how to get more for your money when you buy glasses or contact lenses.
Host Stacy Johnson is joined by financial journalist Miranda Marquit, and producer Aaron Freeman.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 169 Website and Links.
We've been talking about the chances of a recession for months now. Thanks to rising rates choking company profits, some Wall Street firms currently have the odds of a recession sometime between now and the end of 2023 as high as 98%.
In a recent podcast episode, we discussed what to do with your savings and investments to prepare for a recession. But today we're going to look at the other side of the coin: How to profit from an economic downturn.
Podcast hosts: Stacy Johnson, financial journalist Miranda Marquit, producer Aaron Freeman, and this week's guest is a friend of the show, Joe Saul-Sehy from Stacking Benjamins.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 168 webpage and links.
This episode we’re talking Turbocharging your retirement.
So let’s start with a question: Do you have enough in your retirement account? According to a recent report from Vanguard, the average American has around $140,000 saved for retirement. For those 65 and older, that average balance is about twice that, or $280,000.
Sounds like a lot, right? But for many people, even with Social Security, it’s not going to be enough.
So, let’s fix it. Let’s talk about how to create a plan to beef up those retirement savings.
I’m Stacy Johnson. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. This week’s guest is my personal hero and a legend in the personal finance world, Joe Saul-C-Hi from Stacking Benjamins.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 167 webpage with show links.
The Federal Reserve's been raising rates all year, and they've signaled they're not done yet.
Rising rates act as a break on the economy, slowing it down in order to tame rising prices, otherwise known as inflation.
But there's a problem with slowing the economy…slow it too much and it could start sliding into reverse; in other words, a recession: two or more consecutive quarters of economic contraction.
Many experts (and investors) are wondering if a recession is coming in 2023.
We're already dealing with rising rates and a roller-coaster stock market. But preparing for a potential recession is a whole other ball game.
In this week's podcast, we're going to talk about how to do it.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's special guest is David Alison, CFP and president of C2P Enterprises.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Episode 166 - Click here for webpage with links.
You may also love episode 160: How to Get Student Loan Forgiveness
Over the last 20 years, public college tuition has rocketed nearly 180%, according to the Education Data Initiative. And that doesn't include the cost of books, food, housing and other living expenses.
So it could cost your kids tens of thousands to get their degree. It could also mean starting adult life with debilitating debt.
Fortunately, there are workarounds to high costs and soul-sucking debt. And that's what we're going to talk about in today's podcast.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's special guest is Brad Baldridge, one of the nation's leading college planning experts and the founder of the website Taming the High Cost of College.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions.
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Episode 165 webpage and links.
What if you could live in your home while someone else pays the mortgage? That's the idea behind house hacking.
House hacking refers to living in a home or multi-unit while renting out part of it. Dedicated house hackers say it's a great way to lay a foundation for a real estate empire—one that can catapult you to financial freedom. But will it work for you? Let's find out.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Robert Leonard, the author of The Everything Guide to House Hacking.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations because they're not. Before investing in anything or making any money moves, do your research and make your own decisions.
Become a member: https://www.moneytalksnews.com/members/
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Episode webpage with links.
Kids are expensive! It costs $310,000 to raise a child from birth to age 17. At some point, the goal is for them to become financially independent and stop needing you for money.
And that's what we're talking about today. If you want to live your best financial life as an empty-nester and make sure your kids are ready to fly on their own, we're here to help.
Today Stacy Johnson is joined by financial journalist Miranda Marquit, producer Aaron Freeman, and our special guest is Bobbi Rebell, a financial journalist and author of the book Launching Financial Grownups.
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Episode 163 Webpage and Show Links
This episode we’re talking about ... happiness
So here’s the question: Can you put a price on happiness?
In 2010, Princeton research suggested that people’s day-to-day happiness tops out when they make $75,000.
More recent research, however, indicates that there is no dollar value at which having more money doesn’t contribute to well-being. So, really, money can buy happiness. Especially if you use it well. Because the happiness you derive from money depends completely on what you spend it on.
I’m Stacy Johnson. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week’s special guest is Jason Vitug, a former bank executive and financial wellness expert. His forthcoming book, Happy Money Happy Life, is due in early 2023.
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Episode 162 Show Webpage and Show Links
Don't you wish you could go back in time and be one of the first investors in the Internet? You'd make a killing.
Well, you can't go back and invest in Web 1.0: That was just static web pages—read-only.
And you can't go back and invest in Web 2.0: That's what we have today, creating content and interacting with each other on sites like Facebook.
But what about Web 3.0? That's the latest version of the Internet, still on the drawing board, being built on blockchain technology.
Don't know what the heck I'm talking about? Then you're in the right place.
Because today we're talking about Web 3.0: what it is, how it works, and most important, how you can make money from it.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's special guest is Robert Farrington, a Web3 expert and founder of digital asset education website Cult of Money.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything or making any money moves, do your research and make your own decisions.
Become a member: https://www.moneytalksnews.com/members/
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Podcast webpage with show links
The stock market is falling — and could even end up in a free fall. With rising inflation and worries about the stock market, where should you put your money?
This week, we're talking about how you can take advantage of a stock market crash. It's not all bad. You might even get some great deals!
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's special guest is Jason Vitug, a former bank executive and financial wellness expert. His forthcoming book, Happy Money Happy Life, is due in early 2023.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything or making any money moves, do your research and make your own decisions.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
There is almost $1.75 trillion — that's TRILLION with a T — in outstanding student loan debt in the United States. People of all ages and walks of life are impacted by student loan debt. In fact, you might be surprised that 22% of that debt is owed by people 50 years and older. Well, no matter your age, student loan forgiveness is now on the table. The Biden Administration recently announced a program to forgive up to $20,000 in debt for borrowers. Today, we're going to talk about who qualifies for this student loan forgiveness program and what you need to do to claim your slice of the pie.
Episode 160: How to Get Student Loan Forgiveness - Webpage with Links.
What's in Biden's student loan forgiveness package?
You might be surprised to learn that Baby Boomers have a lot more student loan debt than you might think. No matter your age, you might be eligible for student loan forgiveness due to the recent move by the Biden Administration.
If you want to get rid of some of that debt, your first step is understanding what's in the student loan forgiveness package. Check out the fact sheet offered by the Biden Administration.
- Up to $20,000 for those with Pell Grant and up to $10,000 for others who qualify.
- Income requirements: Up to $125,000 for single filers, up to $250,000 for joint filers, and those designated Head of Household.
- Other proposals in the package include a new income-driven repayment program, earlier forgiveness for some borrowers, and higher Pell Grant amounts.
- No interest accrual on income-driven plans as long as you're making payments.
- Before you get student loans, make sure to read our article on what you need to know before you borrow.
- We also have a quick primer on how student loans work.
- Check out our article on what you should know as you get ready to resume student loan payments.
Steps for getting student loan forgiveness
If you're looking for forgiveness, our guest has the information, step by step. Some resources mentioned and steps to take include:
- Go to StudentAid.gov and sign up to receive notifications when the forgiveness application opens.
- Double-check your student loan information at the National Student Loan Database System.
- This won't be like other loan cancelations. Chances are, you will need to fill out the application.
- Don't forget about the PSLF Waiver, which is available through October 31, 2022. Learn about the details and how to apply.
- You can apply for a refund for your student loan payments since the CARES Act was enacted. Our guest Robert offers a great article on how to do that.
- Looking for help on student loans? We've got an article detailing getting help with student loans.
- Don't qualify for forgiveness? We have an article on how you can speed up your student loan repayment.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations because they're not. Before investing in anything or making any money moves, do your research and make your own decisions.
Become a member: https://www.moneytalksnews.com/members/
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This show's webpage with all the links.
Today's special guest is Chris Hutchins, founder of the podcast All the Hacks.
Other episodes you may love:
Ep 158: How to Make Better Financial Decisions Guest: J.D. Roth
Ep 153: 10 Sure-Fire Ways to Beat Inflation Guest: Farnoosh Torabi
You need to build an emergency fund, but you also want to go to Burning Man.
You need to save for retirement, but you also want a Corvette.
You need to buy a house, but you also want to go on a cruise.
At first glance, it seems like you can either do what you should do, or you can do what you want to do. But there's not enough time or money to do both.
Or is there? Today, we're going to talk about how you can tackle multiple financial goals and still not miss out on having some fun.
Hosts:
Stacy Johnson
Miranda Marquit
Aaron Freeman
Remember, should we mention specific investments, they’re never recommendations. Do your own research and make your own decisions.
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MoneyTalksNews: The Podcast 158 Episode Page: https://www.moneytalksnews.com/how-to-make-better-financial-decisions/
Should you buy or lease your car? Where should you live? Is college worth it? Should you invest in stocks? If so, what kind? How much insurance do you need?
These are the kinds of decisions we're faced with every day. And the answers you choose can literally change your life.
And that's why today's topic is how to make better financial decisions. Because better decision-making results in a richer you.
As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is our producer Aaron Freeman. Today's special guest is J.D. Roth, the dean of personal finance bloggers and the founder of the uber-popular website Get Rich Slowly.
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Ep 29: 5 Countries Where You Can Retire on $2,000 a Month or Less
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Have you tried to get away this summer? If so, you’ve noticed that travel prices are through the roof.
- Domestic airfare has taken off: is up 34% this year compared to 2019.
- Car rental prices have hit the gas: Up 20% between January and May of 2022
- Hotels are producing sleepless nights: Up 36% from last year.
So, what can a frugal traveler do? That’s what we’re going to discuss today: getting the biggest bang for your travel buck.
I’m Stacy Johnson. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is our producer, Aaron Freeman. And this week’s special guest is Lee Huffman, from BaldThoughts.com and the host of the podcast We Travel There.
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Podcast Links and Show Downloads
According to the Census Bureau's Household Pulse Survey, 25.6 million people borrowed from friends and family this year, up from 19.1 million a year ago.
So here's the question: If a friend or family member came to you for money, would you give it to them?
It's been an issue for hundreds of years. Take this line from Shakespeare's Hamlet: "Neither a borrower nor a lender be; For loan oft loses both itself and friend."
And it's true. A Bankrate survey found that nearly half of those who lend to friends and family say it doesn't end well.
So, when you're approached or are about to approach, what's the right way to do it? That's what we're going to talk about today.
This week, Stacy Johnson and financial journalist Miranda Marquit are joined by producer Aaron Freeman. Our special guest this week is Lynnette Khalfani-Cox, known as America's Money Coach.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
Become a member: https://www.moneytalksnews.com/members/
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Social Security is important. It provides the majority of income to most retirees. According to The Center on Budget and Policy Priorities, it provides at least 50 percent of total income for half of retirees and 90 percent for about a quarter of them.
Unfortunately, according to research, most people don't understand exactly how Social Security works. In fact, the average person overestimates their monthly benefits by $300 or more.
Navigating the Social Security Administration is no picnic. That's why we're going to answer some of your questions about Social Security in this podcast.
This week's guest is Devin Carroll, an advisor and the founder of the Social Security Intelligence blog.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
Podcast 155 episode article with links.
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Inflation is as high as it's been for 40 years -- more than 9% -- and it's crushing budgets all over the world.
The stock market, one of the best ways to beat inflation over time, is struggling. So, what's a saver to do?
One great solution may also be one of the safest: I-bonds. The "I" stands for inflation, and they're called that because as inflation goes up, so does the interest on these US government bonds. Example? Right now they're paying 9.6%!
Sounds good, but what's the catch?
In the podcast, we're going to find out.
Co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. Today's special guest is former financial advisor, bestselling author and financial educator Kevin Matthews from BuildingBread.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
MoneyTalksNews: The PodcastCLICK HERE for more information and show links.
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The Federal Reserve Bank has a target for rising prices: They consider 2% per year to be the right amount. Ooops. The latest figure reflects an annual rate of more than 9%. That's the highest it's been in more than 40 years. And it's hurting people, especially those least able to afford it: the millions of Americans living paycheck to paycheck.
So, let's talk about inflation. How bad it's going to get, how long it's going to last, and most important: Things we can do to fight back.
As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. This week's special guest is Farnoosh Torabi, editor at large for CNET Money and the host of the popular podcast So Money.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
»»» Podcast Webpage Link
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article. Or, you can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
- Listen on Google Podcasts
- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Just how bad is inflation?
Inflation is soaring. But where is it likely to hit you the most? According to the Bureau of Labor Statistics, food, gas and utilities are some of the biggest offenders. But there's more inflation-related information you need to know.
- Read about the 15 industries being most impacted by inflation.
- Do you know your personal inflation rate? We can show you how to figure it out.
- Check out these ways tax breaks are being eroded by inflation.
- Make sure you understand how inflation impacts your retirement.
- Not everything is being ruined by inflation. Check out our bucket list vacations that are actually beating inflation right now.
- Inflation isn't always obvious. We explore shrinkflation and compare it to inflation.
- The Fed plans to fight inflation, so you can probably expect more rate hikes.
- The Roosevelt Institute and NBC offer insight into why inflation is so high right now.
How to beat inflation in different aspects of your life
Don't assume you have just sit down and take inflation. There are ways you can beat inflation in your personal life. Here are some ideas.
- Trying to figure out how to cope with inflation? We have some ways middle-income families are managing inflation.
- Ready to beat inflation at the grocery store? Check out our list of recommended apps.
- We've got an article about beating higher prices at the pump.
- Learn how to reduce food waste and save money.
- Worried about stagflation? You're not the only one. We have a slideshow that can help you prepare for a worst-case scenario.
- How is inflation impacting your lifestyle? Compare it to some of the ways others are dealing with inflation.
- Check out another podcast episode we have on fighting inflation.
- Stacy has his own take on what's going on now — and what you can do about it.
- Retired? Check out five ways you can reduce your inflation risk.
- Should you consider Treasury securities to deal with inflation?
- Don't forget to check out Farnoosh's post on CNET about beating inflation.
Meet this week's guest, Farnoosh Torabi
Farnoosh is an award-winning financial journalist, speaker, author and podcast host who has dedicated more than 20 years of her career to helping people live richer lives. Today she is Editor at Large of CNET Money and the host of the Webby-nominated podcast So Money. The podcast launched in 2015 and has earned over 20 million downloads. She is especially interested in discussing money in the context of gender, race, culture, psychology, entrepreneurship and climate change. Farnoosh is the author of several books including You're So Money, Psych Yourself Rich and When She Makes More. Her next book, called A Healthy State of Panic: Winning at Life When the World is Out to Get You (Spring 2023) has nothing -- and everything -- to do with money. Farnoosh holds a degree in finance from Penn State University and a master's in journalism from Columbia University. She lives on the East Coast with her husband and two young kids.
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You've probably heard that you should buy a used car instead of a new one. But used car prices surged 27% from early 2021 to early 2022. Does that advice really make sense for everyone?
We hear a lot about what the "experts" recommend, but does it make sense for YOU? Today we'll take a look at some of the most "commonsense" financial advice and talk about whether we think it's a good idea.
As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman.
Remember, even though we sometimes talk about specific investments on this show, never take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
»»» Podcast Article with Links«««
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article. Or, you can download the episode wherever you get your podcasts:
- Listen on Apple Podcasts
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- Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
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According to one recent survey, only 4% of Americans have $1 million or more in retirement savings, which means 96% of us don't.
Of course, depending on your situation, a million bucks may be overkill: Many people could fund their retirement years for a lot less. Still, it's a nice round number, and one worth shooting for.
Obviously, however, that's a lot of money. Is it even possible to get there? In a word, yes. And that's what we're going to talk about today: building a million-dollar nest egg, and just as important: How to figure out what you're actually going to need.
As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. This week's special guest is Roger Whitney, the Retirement Answer Man.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions. Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Podcast Article with Links
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
Is $1 million enough to retire on?
It sounds like a lot of money, but is $1 million enough to retire on? What you really need to do is figure out how big your nest egg should be and go from there. Whether $1 million is enough depends on your own situation and requirements. Check out how long $1 million will last during retirement. Read our article on the retirement numbers you should know as you plan your golden years. Where does your retirement income come from, anyway? Check out our overview of where most retirees get their money. Find out where you fit in when it comes to your retirement savings, based on your age. If you want your dream retirement, check out our four simple steps to living comfortably after you retire. Our guest has a great podcast episode on investment returns and inflation during retirement.
Tips for building a $1 million nest egg
Ready to build your wealth? We talk about ways you can get to that elusive $1 million mark in your nest egg. We have an article on how to retire with at least $1 million in the bank. Before you assume the 4% rule is still good, check out our article on rethinking this popular retirement planning strategy. Don't let taxes drain your retirement. Read our retirement tax tips to help you keep more of your money. We've got some strategies that can boost your retirement savings by $1.7 million. Before you quit your job, read our article about how to protect your nest egg after you call it quits. Make the most of your retirement with our 65 tips for a healthy, wealthy and happy retirement.
Links: Click Here for the Free Money Talks News Newsletter! Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Meet this week's guest, Roger Whitney
Roger has been walking life with clients as a financial advisor for more than 25 years and is the host of the award-winning Retirement Answer Man® podcast. He is on a mission to change the way the world thinks about retirement, one little conversation at a time.
Roger established Rock Retirement Club in 2018 to help foster a safe online space for soon-to be retirees to learn, plan, and interact with other like-minded folks on the path to retirement. As if that's not enough to keep him busy, he is the author of Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future, a Forbes online contributor, creator of the Agile Financial Planning process, and past instructor of the Retirement Planning & Employee Benefits CFP® certificate program at the University of Texas Arlington and of Wealth Management at Texas Christian University.
Investopedia has named him to the Top 100 Most Influential Advisors 2017-2021, and he has brought home Plutus Awards for Best Financial Planner Blog (2019) and Best Retirement Blog (2015 and 2017). Website Twitter Facebook YouTube LinkedIn
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Even with talk of a cooling housing market, prices are still high, and inventory is still low. If you're looking for a good deal, what are you supposed to do? This week we're going to talk about how to find a great real estate deal no matter the market.
As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. Today's special guest is Mindy Jensen from the real estate investing and education website Bigger Pockets.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions. Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify
Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
What's going on in the housing market?
Things might be slowing down a bit, but the housing market is still red-hot in some areas. Where is the housing market overheated, and where is it likely to maintain its value? Check out our slideshow on 15 overvalued housing markets. One of these markets is in Boise, Idaho. Miranda lives in Idaho! Not all cities have seen a housing boom. Check out our article on some cities where homeowners remain underwater. Real estate really is local. Worried about a coming pullback? You might be fine if you live in one of the real estate markets likely to hold their value. Are we really in a housing market bubble? Listen to our previous podcast episode with Mindy, talking about what's next for the housing market. Before you buy a home, make sure you're not in one of these housing markets that are likely to drop. How affordable is it to buy a home? Check out the St. Louis Fed's housing affordability index and the NAR affordability index. Interested in the relationship between mortgage rates and housing prices? Check out an analysis by the Urban Institute.
Tips for finding a good deal on a home
Mindy thinks that it's possible to find good deals no matter what the housing market looks like. Get to know your local real estate market and start deal hunting if that's what you're interested in. First-time homeowner? Check out our article on buying your first home. Learn how to buy a home even if you have a small down payment. Stacy has advice on how to decide whether to rent or buy a house. Looking for the best location? We've got an article full of tips on finding the best location for your home. It's not always about buying a home to live in. Check out our list of cities where you can make bank when you buy a rental property. Use our tips on how to find a good rental property. Want a place to live and make money as well? Check out the Bigger Pockets guide to house hacking.
Meet this week's guests, Mindy Jensen
Mindy Jensen is a licensed agent in Colorado, and has been buying and selling houses for more than 20 years. She's the Community Manager for BiggerPockets.com, and the host of the BiggerPockets Money Podcast. Website Podcast
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
When the stock market declines by 20% from its highs, it's called a bear market. And boy, are we in one. In fact, this is the worst first half of the year stocks have suffered in 52 years. Nixon was in the White House the last time stocks fell this much from January to June.
How did we get here, and what can we look forward to next? That's what we're talking about this week.
As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. Today our special guests are John Schneider and David Auten from the Debt Free Guys.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.
Podcast Article: https://www.moneytalksnews.com/5-things-you-need-to-know-about-this-horrible-stock-market/
What's the deal with this bear market?
We're in a bear market. What does that mean? Well, it means that a stock index you're following is down 20% from its recent high. So how did we get here and why are stocks doing so poorly? Miranda has an article at Forbes about the definition of a market correction, including what makes a bear market. Could the bear market push us into a recession? Marketwatch has more on what's next for the economy. Check out our podcast episode on whether it's a good time to buy stocks. Supply chain issues could be contributing to our current woes. But what if the issues get fixed? What items might see lower costs? Read our article on the signs that a recession is on the way. Listen to our podcast episode discussing whether a recession is on the way.
Should you invest during a down market?
It's a scary time to invest, but does that mean you shouldn't? We share our current investment strategies and talk about how you can make the most of a bear market. Start out with an article on Money Talks News about what to do when your investments are lower. Are you getting ready to retire? We have an article on what to do when retiring during a bear market. Want to start investing while stocks are on sale? Our guests have a simple guide to start investing. Now that things are a bit uncertain, is now the time to convert your traditional IRA to a Roth? We've got an article about why a bear market might be the time for a Roth conversion. Not sure how to invest right now? Check out our YouTube interview with David Stein on how to invest when everything is falling. Now is a good time to learn how to be a better investor. Miranda shares tips on how you can improve your ability to invest. A bear market can be a good time to harvest losses for tax purposes. Check out our article on how to use tax loss harvesting and other strategies to reduce taxes.
Meet this week's guests, The Debt Free Guys
David & John Auten-Schneider are the Debt Free Guys and hosts of the Queer Money podcast. They enjoy helping their community live fabulously not fabulously broke.
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We get lots of questions from our podcast listeners and newsletter readers, so we thought it might be fun to answer as many as we can in this special edition of our podcast.
Today Stacy Johnson, financial journalist Miranda Marquit, and producer Aaron Freeman, are going to answer your questions about paying off your mortgage early, estate planning, paying down credit card debt, getting those robocalls to stop and more.
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
Links: Click Here for the Free Money Talks News Newsletter! Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
With prices for flights, hotels and other travel expenses going through the roof, there's never been a better time to learn about travel hacking with credit card points. But how does it work? Can the average person get in on the action without making it a second job?
Whether it's free travel, free stuff, or simply cash back, what you need is a simple system to make the most of your credit cards and reap solid rewards from everyday spending.
And that's what today's podcast is about.
Stacy Johnson and financial journalist Miranda Marquit are joined by producer Aaron Freeman to share our personal credit card strategies. (Stacy is sitting on more than a million points!) Adding some expertise to the discussion is our special guest, Nick Ewen, Director of Content for The Points Guy.
What you need to know about credit card rewards
First, what rewards can you expect when you use your credit card? From merchandise to travel points to cash back, we take a look at what's available to you — no matter your style. Don't have a rewards card? You might be missing out — big time. Find out why you might want to add a reward credit card to your wallet. Before you get too excited, a little caution. Here's what you need to know about how credit card rewards can cost you. And don't forget: sometimes you can get carried away. Here's what you need to know about having too many credit cards in your wallet. As you get ready to use your credit cards, be aware of these costs you should never pay. Watch out for these costly rewards credit card mistakes and make sure you fix them. Check out Miranda's post on how to use rewards credit cards even after making a major purchase.
Tips for maximizing credit card rewards
Make the most of your credit cards by maximizing rewards. We have some great tips that will help you get more for each swipe. Pain at the pump? Check out our list of gas rewards credit cards that can help you ease that pain. If you're ready for summer, you're ready for some credit card rewards. Here are the best cards to help you save on your summer vacation. Want to bring a friend? Check out these rewards credit cards that let your friends fly free. You can get points any time of year by following our tips on maximizing credit card rewards during the holiday season. Got a partner? Check out these tips for maximizing credit card rewards as a couple. As you're choosing your rewards credit card, check out these tips for deciding which type of rewards are best for you. The Points Guy has a great tool to match you with a credit card. Want a better rewards card? Get a better credit score. We show you the best moves to improve your credit score.
Our Guest, Nick Ewen
As Director of Content, Nick Ewen works on a variety of initiatives to help you travel as much as possible for as little money out-of-pocket as possible — including credit cards, loyalty programs, airlines and general travel. He joined TPG as one of the site's first contributors in 2012 before moving to a full-time role on the editorial team in March 2018. Nick has been featured in prominent outlets such as The New York Times, Good Morning America, and has a profile piece on CNBC Grow. The Points Guy Twitter Facebook Instagram
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Owning a home is still the American Dream for many. But few can make it happen without borrowing, since not many of us have hundreds of thousands of dollars sitting around.
Once you have that home loan, should you pay it off early? This week, we're going to dive into that debate, as well as offering some tips to pay murder that mortgage as fast as possible.
As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. Today's special guest is Andy Hill, founder of the website Marriage, Kids and Money.
Meet this week's guest, Andy Hill
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger's Personal Finance and NBC News. With millions of podcast downloads and video views, Andy's message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not "talking money", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies. Website YouTube Twitter Facebook Instagram
Tips for paying off your mortgage early Check out our article on how to save thousands by paying off your mortgage early. Review the fastest way to tackle mortgage debt with one of our older articles on paying down a mortgage. Our guest, Andy, talks about the 50/50 path to paying down a mortgage with NBC. Miranda offers an overview of how to decide to pay off your mortgage or do something else with the money. Finally, watch out for these mortgage mistakes that could cause problems down the road.
What are the benefits of paying off your mortgage early? Check out our post on times it makes sense to pay off your mortgage early. Don't assume you have to pay off your mortgage early. There are times when it makes sense not to pay off your mortgage early. We also have an article laying out the pros and cons of the debate over whether to pay off your mortgage early. Our guest Andy has a podcast episode about paying off his mortgage early and how his family did it. Whether you decide to pay off your mortgage early is up to you. We have five questions to ask yourself as you make the decision.
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There's an old investing joke that goes like this: How do you make a million dollars on Wall Street? Start with two million.
And lately, that's no joke. As of late May, the S&P 500 is down 17% this year, and the tech-heavy NASDAQ is down 27%. One of the worst starts to the year in decades.
But if the way to make money is to buy low and sell high, maybe this is the time to get in. As investing legend Warren Buffet is fond of saying, be fearful when others are greedy, and greedy when others are fearful.
People are scared to death these days, so is it time to start buying? Or should you wait to see if things fall even further?
Let's see if we can figure that out today.
Stacy Johnson and financial journalist Miranda Marquit are joined by producer and novice investor Aaron Freeman.
Why is the market so choppy?
The stock market has been a bit of a mess lately. Down big one day and up the next. However, on the year, the Dow and the S&P 500 are getting close to bear market territory and the Nasdaq has dipped into bear market territory. We take a look at what all this means. Check out Stacy's look at how Russia and a market crash can impact your finances. Don't forget to listen to a podcast episode from last year on whether we're in a stock market bubble. Read Miranda's article from Forbes on what a market correction is, and how to get through one. Check out CNBC's article on what makes a bear market. Is a recession on the way? Check out our podcast episode diving into what could be next.
What to do during a bear market
Market falling? What do you do next? We take a look at how we're managing our finances during this time as well as some steps you can take to make sure you come out of this with your finances intact. We've got the inside scoop on how Warren Buffett survives a bear market. With stocks struggling, is now the time to buy? Stacy takes a look at if you should go for it. Before you freak out about the stock market, read our take on how to keep calm. Check out our article on how to profit from a recession. We have a podcast episode on how to get ready for a market crash or recession. Don't be caught unprepared!
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Every year, people spend nearly $200 billion on video games: that's more than sports and movies combined.
Clearly, we're into having fun and playing games. But here's a question: What if we take games out of the fantasy world and put them in the real one? What if we could make doing things like managing our money more of a game and less of a chore? In short, what if we could make money management fun?
That's what we're going to talk about today. Stacy Johnson and financial journalist Miranda Marquit are joined by producer and novice investor Aaron Freeman. Today's special guest is Emily Guy Birken, co-author of Stacked: Your Super Serious Guide to Modern Money Management and End Financial Stress Now. She's going to take us through what we need to know about making money fun.
Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your research, and make your own decisions.
Emily Guy Birken is a former educator, lifelong money nerd, and a Plutus Award-winning freelance writer who specializes in the scientific research behind irrational money behaviors. Her background in education allows her to make complex financial topics relatable and easily understood by the layperson.
Her work has appeared on The Huffington Post, Business Insider, Kiplinger's, MSN Money, and The Washington Post online.
She is the author of several books, including The 5 Years Before You Retire, End Financial Stress Now, and the brand new book Stacked: Your Super Serious Guide to Modern Money Management, written with Joe Saul-Sehy.
Emily lives in Milwaukee with her family. Website Twitter Facebook Instagram LinkedIn
How to make money management more fun
If you're hoping to get on top of your budget — or at least put together a spending plan, we've got tips for you in the second part of our podcast episode. We talk about what makes it fun. Or at least how to trick yourself into thinking it's fun. Gamification: can video games change our money habits? Here are some questions you can ask yourself as you create a budget. Looking to get more from your money? Here are five apps that can help you change how you interact with money. Our look at consumption smoothing and how it contributes to happiness. Check out Emily's appearance on the Journey to Launch podcast about how to have a fun relationship with money. Want to improve your finances? We have ideas for outsmarting your brain and making your money management better.
More Links Are you just lazy? Check out our podcast episode on how to take care of your money management — the lazy way. When you're on an irregular income, money management can be rough. Here's a look at how to make it easier when your income isn't stable. Miranda has an article about setting money goals that enrich your life. Worried about your finances? Our guest, Emily, has a great article on the power of hope when it comes to your money. Money is linked to mental health. Budgets don't work for everyone, but that doesn't have to stop you.
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We hear a lot about how your portfolio should have both stocks and bonds — because they typically move opposite to each other. The theory is that when stocks go down, bonds should protect your principal. The problem? Every once in a great while, stocks and bonds both tank. For example, this year, 2022. As of May 10, the S&P 500 is down 16%. At the same time, rising rates have crushed bonds, with some down 20% or more.
So, what the heck are you supposed to do when there's nowhere to run, nowhere to hide? Let's find out.
Stacy Johnson, financial journalist Miranda Marquit and producer Aaron Freeman to talk about what's going on in the stock and bond markets, what's ahead and what you should be doing.
This week's special guest is David Stein, a former institutional fund manager and the author of Money For the Rest of Us.
How to invest when the stock market is down. Stacy offers a special look at what to do with your portfolio when things are scary. Hoping to avoid investing in stocks right now? Here are seven ways you can invest without relying on stocks. Do you want to invest in bonds? Check out this comprehensive bond investing guide from our guest David Stein. What about crypto? Sorry, crypto bros. It looks like cryptocurrencies are pretty correlated to the stock market. The Wall Street Journal also has some ideas for investing when stocks and bonds are falling.
Meet this week's guest, David Stein.
David Stein is the founder of the Money For the Rest of Us investment education platform. Since 2014, he has hosted the Money For the Rest of Us investing podcast and led the Money for the Rest of Us Plus membership community. David's podcast reaches more than 40,000 listeners per episode and has close to 20 million downloads. He is the author of Money for the Rest of Us: 10 Questions to Master Successful Investing, which was published by McGraw-Hill. Previously, David was an institutional investment advisor and asset manager. He was a managing partner at Fund Evaluation Group, LLC, a $19 billion investment advisory firm. At FEG, David served as Chief Investment Strategist and Chief Portfolio Strategist.
Retire on your own terms with help from this course.
The Only Retirement Guide You'll Ever Need gives you the knowledge you need to retire on your own terms. Sure, you can pay a financial adviser, but this online course gives you total control to create a customized retirement plan around the things that matter to you — without the fees you can expect from financial firms and advisers.
You'll get expert, personalized advice. You'll have access to the latest tools. You'll have ongoing support. And when you've completed the course, you'll be ready to approach your retirement with confidence and with peace of mind.
It's time to plan the best years of your life. Let's get started.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.
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In many markets, home prices are through the roof.
In 2020, just two years ago, the average price of an American home was about 375,000. Today? $500,000. And with rates rising, affordability is becoming a real issue. So here's the question: Do we buy now before prices go even higher? Or do we wait and see if prices and mortgage rates drop? Today, we're going to try to answer that question.
Stacy Johnson, CPA, financial journalist Miranda Marquit and novice investor Aaron Freeman to talk about what’s going on with housing and whether now is the time to buy.
Our special guest this week is Mindy Jensen from real estate website and podcast, Bigger Pockets.
Links: Robert Shiller: Should You Buy a Home in the US? CoreLogic: How likely is it that home prices will decline in your market? The end of booming home prices is almost here, national mortgage bankers group says Pricey Coastal Markets Show First Signs of Housing Slowdown The housing market enters uncharted waters The Sky-High Pandemic Housing Market Finds Gravity Does Exist Are we headed for a housing market crash? Even though prices are heading higher, it doesn't necessarily mean we're headed for a bubble Check out the housing starts data Mindy mentioned to get an idea of how much room we still have We've also got an article on housing markets most likely to fall
Retire on your own terms with help from this course
The Only Retirement Guide You'll Ever Need gives you the knowledge you need to retire on your own terms. Sure, you can pay a financial adviser, but this online course gives you total control to create a customized retirement plan around the things that matter to you — without the fees you can expect from financial firms and advisers.
You'll get expert, personalized advice. You'll have access to the latest tools. You'll have ongoing support. And when you've completed the course, you'll be ready to approach your retirement with confidence and with peace of mind.
It's time to plan the best years of your life. Let's get started.
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Too often, we think about money as an end. We know we need more of it, but we're unsure why. We don't even consider how it could make our lives better. Today we're going to talk about how to figure out your financial priorities, so you can adjust your relationship with money and design a life you're excited about living.
Stacy Johnson and I are joined by producer and novice investor Aaron Freeman to discuss the ins and outs of investing in cryptocurrencies.
Meet this week's guest, Michelle Jackson
Michelle Jackson is the founder of "Michelle is Money Hungry" an online space designed to have empathetic conversations about money leading with a social equity lens. The main hat that she wears is "content creator" and has a few other additional projects that she works on as well. When she's not working on one of her projects you'll find her exploring her home state of Colorado. Website Twitter Instagram
Links: Check out our article on 8 things you can replace to improve your life. We've got a great slideshow on how you can make small changes to make big, positive changes to your life. Check out Michelle's post on how just focusing on expenses can keep you in a low-income trap. You don't have to wait until the new year to improve your life. We have a podcast episode about simple resolutions that can make you richer — no matter the time of year. Check out this guest article on Money Talks News about how to figure out your values so you can make the most out of your life and money. Want some help managing your money? Check out these apps that can make it easier for you to make the most of every dollar. The Wall Street Journal has some great ideas on how to get a raise. Want some practical tips for creating a financial plan? Miranda's got you covered. It focuses on the beginning of the year, but you can benefit from following these steps any time of the year.
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You’ve probably heard about the gender pay gap. But women aren’t just dealing with the effects of getting paid less. Women also face what’s known as the ambition penalty. Research shows that ambitious women face financial and relationship consequences when they ask for more.
Let’s talk about it.
I’m Stacy Johnson. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. Today’s special guest is Stefanie O’Connell Rodriguez, founder of the Too Ambitious newsletter, addressing gender, money, and power.
We dig into some of the realities that contribute to the gender pay gap. Harvard Business Review: Women Ask for Raises as Often as Men, But Are Less Likely to Get Them. Stop Punishing Women for Being Ambitious: Our guest Stefanie wrote an op-ed about this subject. Research on the impact of Covid from Deloitte: COVID-19 and gender equality. Check out our Money Talks Article on how lower wages for women result in lower retirement savings. It's not all bad when it comes to money. There are some places where women out-earn their husbands. Unfortunately, it's not just about money. It can be hard for women to maintain their relationships when they make more money. Miranda reflects on the issue of making more during the time she was married.
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Cryptocurrencies are still a hot financial topic, despite the fact that, as I write this, Bitcoin is down more than $25,000 from its 2021 high of $67,000.
Even after all this time, some experts are still insisting these volatile investments are heading to the moon, while others believe crypto could one day be worth nothing at all.
Who's right? It's time to find out.
Today, we're going to look at whether to invest in crypto, how to invest in crypto, which crypto you should invest in, and most important, how to make money doing it.
Stacy Johnson and I are joined by producer and novice investor Aaron Freeman to discuss the ins and outs of investing in cryptocurrencies.
Our special guest is Eric Rosenberg, MBA, a financial expert and crypto investor.
What are cryptocurrencies, anyway?
Let's get an overview of cryptocurrencies and crypto wallets. If you're going to invest in cryptocurrencies, you need to know this stuff. We get down and dirty about wallets and how this all works, as well as talk about what we think is next. Check out a previous episode we did digging into cryptocurrencies. Is now the time to buy bitcoin? Or should you focus on some other crypto? Our guest, Eric, offers some insights on crypto as the future in a different podcast about the subject. Before you assume cryptocurrencies are useless, here are a few things you can buy with them. This isn't the first time cryptocurrencies have crashed (and it won't be the last). Check out this older episode about how to handle a cryptocurrency crash. Ready to set up a crypto wallet? Miranda has an article for that. Check out this quick primer, Bitcoin for Dummies.
Tips for investing in cryptocurrencies
In addition to talking about the hows and whys, we've also got some practical tips for investing in cryptocurrencies. Plus, we'll talk about what we think is in the future for crypto. Are cryptocurrencies really viable? Or is it really all about the underlying blockchain technology? An overview of investing in the bitcoin ETF. Check out the criteria Miranda uses when she's deciding on which cryptocurrencies to invest in. Is bitcoin the new digital gold? And should you buy bitcoin instead of gold? One of our writers breaks it down. Before you invest in anything — including cryptocurrency — consider making an investment policy statement to prevent you from going overboard. What to consider when it comes to portfolio allocation before you start investing in cryptocurrencies.
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With inflation on the rise and consumers on the ropes, everyone's talking about the big, scary R-word — recession. Are we staring down another recession? And what can you do about it if we are?
In today's episode of the "Money!" podcast, we're going to talk about the signs a recession could be on the way, plus try to figure out if we're about to enter one. Then, we'll talk about how you can shore up your finances to help you ride things out when the economy gets bumpy.
Stacy Johnson and Miranda Marquit are joined by producer and novice investor Aaron Freeman to talk about what to expect as inflation surges and recession looms.
Our special guest today is Joseph Hogue, CFA founder of the investment website My Stock Market Basics.
Links Is a recession on the way? Signs We're Heading Into a Recession Flattening Yield Curve Stirs Recession Debate Want to go deeper with the yield curve? Our guest Joseph has a YouTube livestream about it. Carl Icahn says there ‘very well could be a recession or even worse' Check out some of the most unusual recession indicators Forbes offers a primer on what a recession is and what to expect
How to prepare for a recession We've talked about this before, so check out another podcast episode on preparing for a recession. 9 Ways to Brace Yourself for the Next Recession 3 Good Things About Recessions Staying Alive: How to Make Money in a Recession Don't forget that paying down debt is one of the best ways to prepare for a recession. Check out our podcast episode on How to Destroy Your Debt
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.
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For many people, international travel is a bucket list item. The idea of traveling the world can be alluring, but isn’t it expensive? Well, it doesn’t have to break your budget. Today, we’re going to talk about how you can travel abroad on a budget — and maybe even do it for weeks at a time.
I’m Stacy Johnson. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. Our special guest today is money expert and frequent travel Martin Dasko, founder of the financial education website Studenomics.
Links Check out our podcast episode on 5 Countries Where You Can Retire on $2,000 a Month or Less 10 Travel Hacks to Save You Money When Booking a Vacation 21 Ways to Save Money on International Travel 10 Travel Freebies to Snag in 2022 If you want to travel more, consider a remote job: 25 Fully Remote Companies Hiring Now Here's How to Get a Travel Insurance Policy That Makes Sense How to Avoid Crazy Cell Phone Fees When Traveling Abroad an RV for Spring Travel 18 Travel Products that Save You Time and Money 9 of the Best Ways to Save Money on a Tight Budget 5 Smart Ways to Defend Yourself Against Soaring Gas Prices Check out Martin's blog post on how to use Airbnb to make money — even if you don't own property Miranda has a post on her blog about how she sets up a travel fund to cover costs
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My parents are both gone now, but about 10 years before my dad died, when I was there for a visit, he introduced me to his "Death Book."
Yep. That's what he called it. It was a three-ring binder with info on everything in it: Where his will was, where his bank accounts were, the safe deposit box and more. He even had a handwritten obituary to send to the local paper.
While "Death Book" is a horrible title, it's a great idea. It's really helpful for adult kids to understand what's happening with their parent's money and estate planning.
But there's the problem. You know you need to talk to them about their finances, but you're not sure where to begin — or how to approach the conversation with compassion. This week we're going to tackle this thorny subject.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. We've also got a special guest, award-winning journalist Cameron Huddleston. Cameron is also the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances.
Check out the following resources for more information on estate planning: We've got a podcast for that — check out our episode on Estate Planning Tips and Tricks Middle-Aged Americans Aren't Planning Their Estates — Here's How to Fix That If your parents haven't figured out a plan, they're not alone: More Than One-Third of Wealthy Americans Lack Estate Plans 8 Documents That Are Essential for Planning Your Estate Don't Make These 12 Financial Planning Blunders 7 Things You Should Not Include In Your Will
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You work for years to pay off your debt. You've scrimped. You've saved. You've put your extra dollars toward debt freedom. But what do you do with your money when you're done? How do you make the most of your finances now that you have new goals? And, more importantly, what can you do to avoid falling back into the debt trap?
That's what this week's "Money!" podcast is about. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. Today, our special guest is Marcus Garrett, author of the book D.E.B.T. Free or Die Trying. We're going to talk about his journey to dig out of the debt hole — and what he's done to stay out of it.
Links 8 Surefire Ways to Get Rid of Debt ASAP 7 Great Tools to Help You Get Out of Debt We've got another great podcast episode on how to get out of debt and stay out of debt forever Don't forget to pick up a copy of Marcus' book, D.E.B.T Free or Die Trying Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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It's not an exaggeration to say this is a historic time for stocks, interest rates, commodities, bonds and virtually every other financial asset.
News about the war in Ukraine and financial upheaval is everywhere these days. Add to that the increasing pressure on our budgets from rising gas prices and interest rates, along with a roller coaster stock market and next thing you know, you're questioning whether your retirement savings are in danger.
When events are out of your control, it's easy for emotions to affect your decisions. And that's when people are prone to money mistakes.
We recently shot a brief video discussion with Kendrick Mattox, an experienced fiduciary advisor whose firm manages more than a billion dollars.
My co-host for this show is Pam Kruger, CEO of Wealthramp, a free matching service that pairs investors with fiduciary advisors.
Watch the video version of this podcast on youtube.
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For the vast majority of my 40-year career offering financial advice, my advice on paying for a financial advisor was simple: don't do it.
My logic: Managing your money isn't rocket science. What you don't already know you can easily learn, and since nobody cares as much about your money as you do, you should be the one doing it. Plus, after spending a decade working for major Wall Street firms, I learned that when it comes to commission-based advisers, the advice you pay for may be fattening that advisor’s wallet and not yours.
As I approach my own retirement, however, I’ve gotten less rigid. Now I realize not everyone's the same, nor are their situations. There are decent advisers out there. And just because you're theoretically capable of learning something doesn't mean you'll take the time and effort to do so. Even more important, as retirement nears and your nest-egg grows, the moves you make, or don't make, can have life-changing repercussions.
In short, I now believe that there are people and situations that can benefit from paid financial advice. But that begs two critical questions: How do I know when it's time to hire help? How do I find the right person to help me?
That's what this week's "Money!" podcast is about. We're going to talk about the different types of financial advisers, how to determine if you need one and if so, how to find the right one for you.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. And this week we have a special guest: Pam Kruger of Wealthramp.com.
Want more information? Check out these resources: 11 Tips to Help You Figure Out if You Need to Pay for Financial Advice 6 Silly Tidbits of Money Advice That Will Make You Poorer How to Find Your Perfect Financial Adviser 4 Times You Don't Need a Financial Adviser The Top 9 Ways People Near Retirement Use Fiduciary Advisers Ask Stacy: Do I Need a Financial Adviser, or Can I Manage My Money Myself? Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Have you gassed up lately? Then you've noticed prices are rocketing higher. And it's not just gas prices. In every area of your budget, from groceries to rent, you've experienced inflation eating away at your buying power.
We've talked about the reasons behind inflation in recent episodes, but we haven't talked about what you can do to fight back: in other words, to hedge higher prices.
That's what this week's "Money!" podcast is about. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. We've also got a special guest, Josh TK from personal finance website Money Crashers.
Want more information? Check out these resources: 5 Surefire Ways to Beat Inflation 7 Ways Americans Plan to Fight Inflation Inflation Is Surging: Here Are 8 Ways to Beat It 15 Golden Rules for Saving on Every Purchase 7 Smart Ways to Save Money at the Gas Pump 8 Bad Driving Habits That Cost You at the Gas Pump 28 Ways to Save on Gas You Already Know – And Maybe One You Don’t 6 Gas Rewards Programs to Ease Pain at the Pump 30 Tips to Save on Food The 27 Absolute Best Ways to Save on Food Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Think tax time is tough? Take it from me: It used to be a lot tougher.
When I became a CPA 40 years ago, you did taxes with a pencil, not a computer. To uncover deductions, you waded through wads of paper rather than opening an expense-tracking app. When you were done, you mailed in your tax form, along with a paper check if you owed. If you didn't, you waited weeks for your refund check.
If you went to an accountant or other tax professional, which was the only thing you could do if you didn't do it by hand, you paid through the nose for the privilege.
These days paying taxes may still be painful, but the process of filing is easier, smoother and much faster. If they're simple, now you can do your taxes in five minutes on your cell phone. Even if they're complicated, if you keep good digital records, you can be done in an hour or two.
While there are still pros out there who want to charge big bucks to do your taxes for you, now there are myriad ways to get your taxes done for nothing. According to the IRS, about 70% of Americans who file taxes, about 100 million of us, are eligible for any number of free programs through the IRS.
But even though filing is easier today, one thing that isn't is keeping on top of all the potential tax savings available. There are tons of tips and tricks you can use to legally lower your tax bill. You just need to know what they are.
That's what this week's "Money!" podcast is about. We're going to talk about often overlooked deductions and tax credits, including things you can do now to reduce your 2021 taxes. And we're going to try to do it without boring you to death in the process.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Commonly Overlooked Tax Breaks and Other Tax Stuff to Know Tax Strategies That Save You Money TurboTax: The 10 Most Overlooked Tax Deductions Investopedia: The Most Overlooked Tax Deductions Kiplinger: 20 Most-Overlooked Tax Deductions, Credits and Exemptions Jackson Hewitt: Top 50 Most Overlooked Deductions MoneyWise: 9 tax breaks and deductions that are easy to overlook — start thinking about them now US News: Tax Write-Offs You Shouldn't Overlook NerdWallet: 12 Tips to Cut Your Tax Bill This Year US News: 18 Legal Secrets to Reducing Your Taxes CNBC: 5 tax tricks that could save you thousands NerdWallet: IRS Free File & How to Get Free Tax Preparation or Free Tax Help in 2022 Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Managing finances is never easy, and the more uncertain the outlook, the harder it gets.
But this is getting ridiculous.
First, we had a pandemic, which turned our lives, and the markets, upside down. Just as life finally started to look a bit more normal, inflation rears its ugly head. And now a war threatens a world order that's been in place since NATO was formed in 1949.
None of these seismic events was predictable and all are roiling markets.
Not to worry. After you listen to this edition of the "Money!" podcast, you're going to know why we're experiencing inflation. You're also going to have an idea where interest rates are heading, what "stagflation" means and whether it could be on the horizon. And you're going to understand how a war in Europe can affect your investments here at home.
In short, you're going to have ideas about what's likely to happen next, and what you should be doing about it. We'll also recap other important personal finance news that's happened this month and check in on our personal investments.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Here are news stories published throughout the month, with the oldest first. Wall Street Journal: Coffee Prices Climb, Pushed Up by Bad Weather and Supply-Chain Woes New York Times: Little of the Paycheck Protection Program's $800 Billion Protected Paychecks Bloomberg: Euro-Zone Inflation Unexpectedly Hits Record, Boosting Rate Bets Bloomberg: Evercore's Ross Has Bought ‘Every Dip' for Two Years But Not Now Marketwatch: U.S. gains 467,000 jobs in January and hiring was much stronger at end of 2021 despite omicron Wall Street Journal: EV Companies Went Public With Big Plans. They're Quickly Hitting Snags Bloomberg There's Never Been a Worse Time to Buy a Home in a Poll of U.S. Households Bloomberg: JPMorgan Strategists See Sure-Fire Sign It's Time to Buy Stocks Wall Street Journal Don't Expect Rising Interest Rates to Boost Your Savings Account Barron's Inflation Hits Another Four-Decade High. Prices Rose More Than Expected. Wall Street Journal: The Stock Market Hasn't Looked This Cheap in Nearly Two Years Wall Street Journal: There's No Perfect Way to Inflation-Proof Your Investments Wall Street Journal: Russia Says Some Troops Pulling Back From Ukraine Border but Exercises Continue CNBC: Retail sales surge 3.8% in January, much more than expected amid inflation rise Wall Street Journal: Food Prices Keep Going Up. Here's What It Means for You. Bloomberg: Monetary Options Narrow as Ukraine Tensions Rise Barron's: Stocks Defy Russia Fears—and Manage to Pull Off a Turnaround Axios: Ukraine could turn boomflation into stagflation Bloomberg: Global Markets and Economy Can't Escape War in Ukraine Bloomberg: BofA, Goldman Stick to Fed Views Even as Traders Trim Bets Wall Street Journal: U.S. Positioned to Withstand Economic Shock From Ukraine Crisis Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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There's nothing that better fits the definition of "double-edged sword" than rising interest rates.
If you're a saver, you love the idea of rising rates. It's been years since we've had bank accounts and other safe havens paying more than a pittance.
But if you're a borrower, you're no fan of rising rates, since that means paying more for everything from credit card balances to home mortgages.
Investors also prefer lower rates, since cheap money leads to higher asset prices, as you've doubtless seen if you've bought houses or stocks over the last few years.
No matter who you are -- saver, borrower, investor or any combination thereof -- your world is about to change. Because the nation's central bank has signaled that within a month or so, rates will rise.
Most experts predict the Federal Reserve will hike the federal funds rate by at least 0.25 percentage points at its next meeting in mid-March. And experts are forecasting as many as five additional rate increases before 2022 is over.
Therefore, whatever your situation, now is the time to prepare.
That's what this week's "Money!" podcast is about. We're going to talk about specific moves everyone should be considering in the weeks and months ahead.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: 8 Ways Higher Interest Rates Could Affect You This Year Kiplinger: How to Benefit From Rising Interest Rates Investopedia: How to Invest for Rising Interest Rates Lineweaver Financial Group: 5 Ways To Benefit From Rising Interest Rates Financial Samurai: How To Invest And Profit In A Rising Interest Rate Environment Seeking Alpha: Positioning A Portfolio For Rising Interest Rates Kiplinger: 6 Best Mutual Funds for Rising Interest Rates Kiplinger: 7 Best ETFs for Rising Interest Rates U.S. News & World Report: 7 ETFs for Rising Interest Rates CNBC: Here are your best money moves before interest rates rise The Balance: Best Bond Funds for Rising Interest Rates Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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If you made a New Year's resolution to put more money away this year, join the club.
In a recent Fidelity survey, nearly half of those creating financial resolutions this year included "saving more" as one of their goals.
But now that the first of the year is fading fast, your enthusiasm to meet those 2022 savings goals may be fading with it.
That's why we're here now, in February: to rekindle your motivation with tips and tricks to help you get back on track and meet your goals.
Unless you earn more than you can spend, saving money isn't easy. But there are tried and true techniques that can help. For example, automating your savings. That's been proven to radically enhance the amount you put away.
And that's just the tip of the iceberg.
That's what this week's "Money!" podcast is about. We're going to talk about ways to put more money aside, including psychologically proven techniques to fool ourselves into saving. We'll also try to add a little inspiration to that information.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Grow Your Savings With These 5 Tricks Why It May Be Extra Hard for You to Save Money This Year 25 Simple Ways to Save an Extra $1,000 How to Build Your Savings In 3 Easy Steps 7 Proven Ways to Supercharge Your Savings Today 7 Ways to Trick Yourself Into Saving Money 15 Golden Rules for Saving on Every Purchase Dave Ramsey: How to Save Money: 22 Simple Tips NerdWallet: How to Save Money: 17 Proven Ways US News: 20 Creative Ways to Save GoBankingRates: 16 Effective Tips and Tricks To Help You Save Money In 2022 Money.com: How to Trick Yourself Into Saving More Money Financial Health Network: From Theory to Practice: 5 Tactics for Savings Engagement CNBC: Automating your savings will help you save more—here's the psychological reason why Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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This will probably come as no surprise, but according to surveys, fights about money are second only to infidelity as a cause of divorce.
What's the right way for couples to deal with money? There isn't one.
I've read that couples who don't combine their finances can never be completely bonded. Hogwash. My wife and I have been very happily married for 10 years and our money is completely separate.
I've also read that it's important to keep at least some money separate so both parties have a sense of independence. Sounds reasonable, but it depends on the parties.
Bottom line? Anyone who tells you there's one correct way to mix money and relationships — and there are plenty of "experts" who do — is just plain wrong.
As far as I'm concerned, there's only one thing that's universally true when it comes to money: secrets are bad. My wife and I don't combine our money, but we do discuss it. Often.
Whether you've been together for 30 months or 30 years, avoiding talking money puts your relationship at risk. This is especially true if finances are tight, or if you combine your finances and have different money "personalities" — such as a spender or borrower in a relationship with a saver or investor.
So when, and exactly how, can we discuss money with our significant others without causing friction? How do we get on the same page and stay there? Or are differences about money just something couples have to learn to live with?
That's what this week's "Money!" podcast is about. We're going to talk about how and how often, you should be talking to your honey about your money.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. And this week we have a special guest: Pam Kruger of Wealthramp.com.
Want more information? Check out these resources: 10 Things You Should Know about Joining Finances in Marriage How to Talk Money With Your Spouse Talking Money with Your Honey: How to Do It Painlessly 4 Reasons to Talk About Money with Family and Friends Why Women Don't Like to Talk About Money 3 Money Conversations You Must Have With Your Siblings Ramsey Solutions: How to Talk to Your Spouse About Money Simple Dollar: Afraid To Talk About Money With Your Spouse? Ten Tips For "The Talk" NerdWallet: How to Talk — Not Fight — About Money With Your Spouse TheBalance: How to Talk to Your Spouse About Money MoneyUnder30: How To Have 'The Talk': 6 Tips For Couples Discussing Finances NPR: If You Want To Get Closer To Your Partner, Start Talking About Money BuzzFeed: 11 Awkward (But Important) Conversations About Money Every Couple Should Have Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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When I was asked to write my first personal finance book more than 20 years ago, choosing the topic was easy. It's in the title: Life or Debt.
At the time, I'd been a nationally syndicated money reporter for about 10 years, and had seen first-hand the number of lives destroyed by debt. To this day, it seems like nearly everyone has a debt story to tell: getting in over your head, then the threatening calls, followed by months and years of digging out.
As far as I'm concerned, debt in this country is a national disgrace. I'm not so much mad at the folks roped in by debt, although it's true people should accept responsibility for not being responsible. What gets me riled up is the way credit is peddled. The credit industry has sold it like it's crack cocaine. When I was in college, nobody was handing out credit cards or car loans to unemployed students. These days, if you can fog a mirror, you can get credit. You're encouraged to borrow to buy clothes, cars, vacations; anything and everything.
This is insanity.
Here's my philosophy: There are two ways to achieve financial freedom. The first is to make more money than you can ever spend. Tough to accomplish. The second is not to owe anybody anything. Not quite as good as option one, but it's possible for anyone to do.
That's what this week's "Money!" podcast is about. We're going to talk about the fastest ways to destroy your debts forever. If one of your goals this year was to end it paying less interest than you did when it started, you're about to get a bunch of great information and great motivation.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: 8 Surefire Ways to Get Rid of Debt ASAP 7 Great Tools to Help You Get Out of Debt 13 Ways to Get Out of Debt How to Pay Off $10,000 in Debt Without Breaking a Sweat Ask Stacy: What's the Single Best Way to Pay Down Debt? Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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See omnystudio.com/listener for privacy information.
One of the hardest things you'll ever do is alter your habits. Whether it's losing weight, quitting cigarettes, saving more or paying down debt, making big changes, especially over long periods of time, is exceedingly difficult.
According to one university study, of those making New Year's resolutions, 77% were successful in modifying their behavior for a week, but only 19% could keep it up for two years.
This comes as no surprise to those who have attempted to change our ways, which I assume is everyone.
Why is it so difficult to accomplish things we really want to do, like save more, spend less, drop a bad habit, pick up a good one or otherwise modify our behavior?
That's what this week's "Money!" podcast is about. We're going to give you every tip and trick we could find to help you create great goals and succeed in reaching them. And this is the perfect time to do it, now the year is well underway and those promises you made to yourself on New Year's Eve are starting to get hazy.
Let's get you refocused and back on track.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: 5 New Year's Resolutions That Will Pay Off 10 Years From Now Simple, Achievable New Year's Resolutions That Will Make You Richer 11 New Year's Resolutions That Will Save You Money in 2022 New York Times: How to Make (and Keep) a New Year's Resolution Harvard: Seven steps for making your New Year's resolutions stick CNN: 5 science-based strategies for nailing your New Year's resolutions org: 9 Tips For Making a New Year's Resolution and Keeping It Inc: 7 Tips to Make Sure You Actually Keep Your New Year's Resolution This Time Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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On October 19th, 1987, I was a 32-year old stockbroker working for EF Hutton. On that day, the Dow Jones Industrial Average lost more than 22 percent of its value. That's the largest one-day stock market decline in market history.
Not only did I lose a ton of my personal savings; my clients were wiped out and freaked out.
Not a fun time to be an investment adviser.
Since that time, I've weathered many vicious market beatings. The 7 percent one-day decline in October of 1997. Several 7 percent + one-day declines in 2008. The 10 percent one-day decline in March of 2020.
And here we are again: As of January 25, this is the worst start to a year since people began tracking the S&P 500 index back in 1929. So far this month, the S&P 500 is down 8.6%. The tech-heavy Nasdaq is down 13.3%.
Losing money hand over fist is bad enough. But if you don't understand why it's happening and what's likely to happen next, it's also dangerous. Because panic leads to bad decisions, like selling when you should be sitting.
That's why we're producing a special edition of the "Money!" podcast. We're going to discuss why the stock market is tanking, what's likely to happen next, and what you should be doing. We'll also recap other important personal finance news that's happened this month and check in on our personal investments.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Barron's Global Warming Will Create ‘Rich New Opportunities' for Companies Bloomberg: Market Turmoil Is Ultimate Test of What's Real and What's Not Wall Street Journal: Why You Should Sit Out the Mayhem Reuters: U.S. Commerce Dept says chips shortage to persist, will review some prices Barron's Bitcoin Is Falling as Bond Yields Rise. Cryptos Are at a Crossroads New York Times: Supply Chain Woes Could Worsen as China Imposes New Covid Lockdowns Wall Street Journal: Older Investors Have a Lot of Money in Stocks. How to Check if It's Too Much. Barron's Bond Yields Are Rising as the Fed Plans Rate Increase in March Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Remember your first car?
Mine was a 1969 Camaro. What I remember most about it wasn't just that it was a cool car. (It was.) What I remember was how much it changed my life.
A car was freedom. It meant having something to do. Places to go. A spot to hang out with friends. A private place to take a date. A way to commute to my first job at McDonald's.
In short, it changed everything.
That was lots of years and lots of cars ago. As the years have melted away, the thrills of driving have too.
But maybe that's about to change.
In the near future -- nearer for some of us than others -- we're going to experience a different kind of vehicle. A silent, efficient, low-maintenance, high-torque, futuristic electric ride.
Electric cars may look like just another car, but in some ways they're revolutionary; as different from the traditional internal-combustion machine as they are from a horse.
I'm excited by the prospect. Granted; not as excited as I was to drive that 69 Camaro, but excited nonetheless.
Maybe you've already traveled this road, and have an electric car plugged in your garage right now. Or maybe, like me, you're still just thinking about it.
If you're exploring electric cars, you're in the right spot, because that's what this week's "Money!" podcast is about. We're going to check out the pros and cons of electric cars and decide whether we should get behind the wheel ASAP or wait for prices to come down and technology to catch up.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: 18 Best Cities to Own an Electric Car Edmunds Rates These 8 New Cars the Best in 2021 Consumer Reports: EVs Offer Big Savings Over Traditional Gas-Powered Cars New York Times: Electric Cars Are Coming, and Fast. Is the Nation's Grid Up to It? The Hill: Finally, here's the exact cost of owning an electric car vs gas car US News: 10 Questions to Ask Before You Buy an Electric Car US News: 11 Reasons People Don't Buy Electric Cars (and Why They're Wrong) New York Times: Buying an Electric Vehicle? Here Is Some Advice. New York Times: Electric Cars Are Coming. How Long Until They Rule the Road? Edmunds: Edmunds Electric Car Buying Guide Car and Driver: Electric Car Buying Guide Car and Driver: 12 Bestselling Electric Vehicles of 2021 (So Far) Car and Driver: Here's Every New Electric Vehicle Model for Sale in the U.S. Car and Driver: Electric Vehicle FAQs To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Reflecting on stock market performance over the last few years reminds me of an expression from the old days when I was a stockbroker.
"Bulls make money, bears make money and pigs get slaughtered."
The S&P 500 stock index advanced 29% in 2019, 16% in 2020 and about 27% in 2021.
Since stocks average about 10% per year, it's highly unlikely these returns are likely to repeat. Sooner or later, unless the world has changed in a fundamental way, markets will ultimately regress to the mean. In other words, they'll balance things out with a crummy year or two.
Will 2022 be the year it begins?
One catalyst for lower stock prices could be rising interest rates. Odds are that the Federal Reserve will begin raising rates as early as March of 2022. While rate hikes aren't necessarily devastating for stock prices, they're not the best thing for them either, particularly for more speculative, less profitable companies.
So does all this negative news mean you should head for the sidelines in 2022?
That's what this week's "Money!" podcast is about. We're going to talk about where things are likely to go this year with stocks, interest rates and housing prices. And not only are we going to attempt some predictions, we'll be making some recommendations as well.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Forbes: Experts Predict What The Housing Market Will Look Like In 2022 NBC News: From real estate to inflation, here's what to expect from the economy in 2022 Redfin: Redfin Predicts a More Balanced Housing Market in 2022 Barron's: Don't Expect Big Returns From the Stock Market Next Year as Interest Rates Rise Marketwatch: Leading economists and analysts on the 4 things to look for in the housing market in 2022 US News: Stock Market Trends for 2022 CNBC: The majority of Fed members forecast three interest rate hikes in 2022 to fight inflation Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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See omnystudio.com/listener for privacy information.
Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Sit back, relax and listen to this special edition of the "Money!" podcast: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify
Want more information? Check out these resources: Barron's Here Are Barron's 10 Top Stocks for the New Year CNBC: Goldman cuts GDP forecast after Sen. Manchin says he won't support Biden's ‘Build Back Better' plan Wall Street Journal: These Food Items Are Getting More Costly in 2022 Wall Street Journal: How to Make Your Financial Life Happier in 2022 Barron's What Will It Take to Kill This Bull Market? We'll Find Out Soon. Wall Street Journal: REITs Romped in 2021 as Property Values Soared Barron's Here Are Barron's Best Income Investments for the New Year New York Times: A New Ban on Surprise Medical Bills Starts Today Bloomberg: Here's (Almost) Everything Wall Street Expects in 2022 Wall Street Journal: Interest-Rate Worries Batter Stock Market Barron's Bitcoin Tanked After the Fed Minutes Were Released. Here's Why. Barron's Mortgage Rates Surge. It's Just the Beginning. Barron's $100 Oil? Bets Are Rolling In Again. Gizmodo: Starlink's Self-Heating Internet Satellite Dishes Are Attracting Cats Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
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If you're young, say, 40 or under, retirement is likely more of a hazy concept than something to actually plan for. For now, it's no big deal. There are infinite possibilities that could change the outcome. You could get a big raise. Win the lottery. Get an inheritance from a relative you didn't know you had. Heck, maybe you'll even die before the big day arrives.
But take it from a guy in his mid-60s: The years are going to rush by, and with every passing year, your options will narrow. In the blink of an eye, you'll be entering the final chapters of your life. And the quality of those chapters will depend on how much you've saved and how you manage it.
In short, if your goal is to retire rich, there's a proven path and specific steps to take along the way, starting now; at whatever age you are. That path and those steps are what we're talking about in this week's "Money!" podcast.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. And this week, we have a special guest: Joe Saul See-hi of the legendary podcast Stacking Benjamins.
Want more information? Check out these resources: 10 Guaranteed Ways to Retire Rich The 10 Golden Rules of Retiring Rich 7 Mistakes Guaranteed to Ruin Your Retirement NewRetirement: Your Countdown to Retirement Checklist: 10 Tips to Be Ready for Blast Off! Investopedia: 10 Steps to Retire as a Millionaire Fidelity: Get ready for your countdown to retirement Investopedia: These five steps will help you toward a safe, secure, and fun retirement AARP: 10 Steps to Get You Ready for Retirement US News: 20 Steps to Take When Preparing for Retirement The Balance: The Steps You Need to Take Before Retirement To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Recorded: November 11, 2021
When I wrote my first book, Life or Debt, more than 20 years ago, I had a simple solution for investing your long-term savings. It was to subtract your age from 100, then put the resulting percentage in stocks. The rest you'd divide into two equal parts: an intermediate term bond fund, and a money market fund.
If you were 40 years old, for example, you'd subtract 40 from 100, and put the resulting percentage, 60%, in stocks. The remaining 40% would be divided between bonds and money market funds.
An even simpler way of investing long-term savings, and one that's been around for generations, was to simply put 60% of your savings into stocks and 40% into bonds: the classic 60/40 portfolio.
But as it turns out, nothing lasts forever, including these simple diversification guides.
What happened? You probably already know. What happened was interest rates; namely, rates that have been so low for so long that money in bonds and money market funds is earning basically nothing. Which means it's also not keeping up with inflation.
So what's an investor to do? That's what this week's "Money!" podcast is about. We're going to explore whether the traditional 60/40 investment mix is really dead, or just waiting for its triumphant return. We'll also discuss newer potential investments to modernize your investing. And we're going to do it without making your eyes glaze over.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Why Traditional Retirement Investing Is Broken Barron's: The 60/40 Portfolio Is Dead. Here's How Advisors Are Replacing it. Bloomberg: The 60/40 Portfolio Isn't Dead, Just More Expensive Yahoo: The 60/40 rule of investing is dead, experts say — it's time to get more creative Kiplinger: Is the Traditional 60/40 Portfolio Truly Dead? Or Just Hibernating? US News: The 60/40 Portfolio Is Dead for Retirement Planning MarketWatch: Is the 60:40 portfolio really dead? Seeking Alpha: The 60/40 Portfolio Is Dead: What Comes Next? Money: The Classic 60/40 Investing Strategy Could Now Be Working Against You Bloomberg: Unloved 60/40 Strategy Needs a Modern Makeover to Win Over Skeptics CNBC: Traditional 60/40 portfolio has actually reached its expiration date To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
We've had a wild couple of years.
I've been investing for a long time, and I can't remember anything like it. The pandemic shaved 20% off the market in what seemed like minutes, then snapped back and took off just as fast.
Recorded: December 16th, 2021 Bitcoin started 2020 below $7,000 and now it's close to $50,000.
Gamestock, one of many meme stocks, started this year at $15, went as high as $350 and is now about $150; way down from the high, but still up about 700% for the year.
Even the housing market's been insane. Depending on where you live, it's possible your home has increased in value by 40% in a couple of years.
But the good times can't last forever. Sooner or later, the fat lady sings.
Much of the asset inflation we've been experiencing is because of historically low interest rates, and odds are that punchbowl will soon be taken away.
And that's not the only risk we're facing. Unfortunately, there are plenty of other potential dark clouds on the horizon.
That's what this week's "Money!" podcast is about. We're going to talk about some economic risks we might encounter in the year ahead; not to alarm you, but to prepare and inform you. We'll also talk about how to deal with any issues that might occur.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Yahoo: 2 big market risks for 2022, according to Bank of America Forbes: Top Economic Concerns For 2022—Growth Continues, But Risks Abound ArmchairTrader: Our five top financial markets risks for 2022 Investopedia: What to Watch in 2022 New York Times: The Economy Looks Solid. But These Are the Big Risks Ahead. Blackrock: Geopolitical risk dashboard Economist Intelligence: 10 risk scenarios that could impact global growth and inflation in 2022 JP Morgan: Year-End Outlook: Investing Beyond the Pandemic Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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If you were retiring tomorrow, which monthly income would you rather receive: $1,543 or $3,895?
The $1,543 figure is the average monthly Social Security retirement benefit in 2021, while $3,895 is the maximum possible monthly benefit.
While the size of your ultimate Social Security benefit depends on the earnings you report over your working life, that's not the only component. Simple things you do or fail to do while you're working, as well as when and how you claim when the time comes, can make massive differences in your lifetime benefits.
That's why it makes sense to get a better understanding of how Social Security works at the earliest possible time. And why it's important to test various strategies as you approach retirement. There are myths you should dispel and tips you need to understand.
And that's what this week's "Money!" podcast is about. We will go over the basics of Social Security and help you get the biggest benefit possible and avoid common claiming mistakes.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: A Simple Way to Maximize Your Social Security 10 Things That Can Ding Your Social Security Payments 7 Social Security Myths That Can Cost You in Retirement 6 Things Many Americans Get Wrong About Social Security 9 Social Security Terms Everyone Should Know 12 Ways to Maximize Your Social Security Checks 5 Times When It's Smart to Claim Social Security Early How to Qualify for the Highest Possible Social Security Benefit U.S. News & World Report: 10 Ways to Increase Your Social Security Payments Investopedia: 5 Tips to Increase Your Social Security Check Barron's: 3 Ways to Maximize Your Social Security Benefits Bankrate: 5 ways to maximize your Social Security benefits Kiplinger: To Maximize Your Social Security Benefits, First Do Your Homework Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Barron's Is a Bigger Drop Coming for the Stock Market? Here's a Red Flag. Wall Street Journal: Covid-19 Made Americans Into Super Savers. Now They're Hoarding Cash New York Times: Could Roads Recharge Electric Cars? The Technology May Be Close Wall Street Journal: Medical Records Data Offers Doctors Hope of Better Patient Care Project Syndicate: Can the Fed Overcome Its Transitory Policy Mistake? Wall Street Journal: Small-Cap Stocks Hit Hard by Covid-19 Omicron Variant Bloomberg: Technology Leads Biggest Stock Rally Since March Wall Street Journal: Inflation Emerges as a Key Concern for Voters, WSJ Poll Finds Wall Street Journal: Companies Plan Big Raises for Workers in 2022 US News: JP Morgan Says 2022 to See Full Global Recovery New York Times: Consumer prices rose at the fastest pace since 1982 Bloomberg: What Could Possibly Go Wrong? These Are the Biggest Economic Risks for 2022 Wall Street Journal: How Do You Feel About Inflation? The Answer Will Help Determine Its Longevity CNN: Congress votes to increase debt limit by $2.5 trillion extending into 2023 Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
I spent about 30 years as a syndicated TV news reporter, and for about 15 of those years, I had an annual ritual.
Every December, I'd hit the streets with a videographer, stop random people and ask them the following three questions. What percentage do you think stocks will go up or down next year? What do you think the cost of a barrel of oil will be this time next year? What do you think housing prices will do in the coming year?
After I recorded answers from average folks on the sidewalk, I got answers to the same questions from Wall Street experts: the highly paid prognosticators employed by the biggest financial firms on the planet.
So, who do you think was right more often? People who barely knew the stock market, or people who earn 7 figures to make accurate financial predictions?
As it turns out, experts in stocks, oil and real estate tended to do slightly better than average people on the street. But the key word in that sentence was "slightly." There were many answers from many amateurs over the years that proved far more accurate than those of the pros.
This should come as no surprise. The world is a complicated place with infinite variables. Things happen all the time that nobody, even experts, can possibly see coming. (Recent example: Covid-19.)
But despite the fact that there's no way to reliably predict the future, that doesn't stop us from trying. Me, you and the experts on Wall Street: We can't plan if we can't at least try to guess what's ahead.
And that's what this week's "Money!" podcast is about. We're going to make some educated guesses about what's ahead for you and your money. As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman. And this week, we have a special guest: Joe Saul See-hi of the legendary podcast Stacking Benjamins.
Want more information? Check out these resources: Zillow's Hot Housing Takes for 2022 Kiplinger: Where to Invest in 2022 Fortune: Where the housing market is going in 2022 as told by 7 leading forecast models Forbes: The Economic Outlook For 2022 Will Be Impacted By Supply Chain And Labor Issues Forbes: No Recession In 2022—But Watch Out In 2023 Goldman Sachs: Outlook 2022: The Long Road to Higher Rates gov: The U.S. economy to 2022: settling into a new normal Bloomberg: Goldman Expects U.S. Economic Growth to Slow Sharply Next Year Barron's: What's Ahead for Crypto? 3 Themes and Stocks to Watch. Yahoo: Cryptocurrency Predictions for 2022 Institutional Investor: What's Next for Crypto? Here Are 10 Predictions Investopedia: What to Watch in 2022 Yahoo: Stock market 2022: Wall Street strikes a cautious tone com: Will Home Prices and Rents Finally Fall? Our Bold Predictions on Real Estate in 2022 Yahoo: Wall Street's 2022 outlook for stocks Goldman Sachs: Outlook 2022: The Long Road to Higher Rates To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
While there's been lots of headlines and hand-wringing on inflation lately, thus far interest rates, which tend to surge along with inflation, have remained tame. Rates on everything from savings accounts to mortgages are still bouncing along near historic lows.
The question is, how long can that last?
One school of thought, advanced by the Federal Reserve, is that inflationary pressures, now showing up as higher prices on everything from used cars to factory wages, are "transitory" and will begin receding as pandemic labor and supply chain shocks subside.
Others think inflation is here to stay. That could have a negative impact on both stocks and bonds. That's because the fate of both stocks and bonds, along with many other investments, is intimately tied to interest rates.
When rates are low, as they have been for a decade, companies pay less to borrow and have more to spend, which boosts profits. When rates rise, the opposite occurs: higher borrowing costs, lower profits, lower stock profits.
Rising rates also mean that safer investments, like banks and government bonds, will look increasingly attractive relative to stocks, resulting in money leaving stocks, driving down prices.
What's an investor to do? That's what this week's "Money!" podcast is about. We're going to explore specific investments that can not only survive, but thrive in rising rate envrionments.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Is Inflation About to Trash Your Investments? Here's How Low Interest Rates Will Impact Your Retirement US News: How Rising Interest Rates Impact Investors Barron's: How to Protect Your Portfolio From the Inflation Storm Barron's Inflation Is Here and Hotter Than It Looks. Why It's Time to Worry. Barron's How the Fed Could Blow the Inflation Response—and What's at Stake Barron's Inflation Has Run Hot for a Long Time. The Fed Knows It. New York Times: On inflation, it's past time for team ‘transitory' to stand down Investopedia: How to Prepare for Rising Interest Rates Kiplinger: 7 Best ETFs for Rising Interest Rates Kiplinger: 10 Best Stocks for Rising Interest Rates US News: 7 ETFs for Rising Interest Rates The Balance: Best Stocks and Sectors for Rising Interest Rates CNBC: Here are some moves to consider during a period of rising interest rates Investopedia: These Sectors Benefit From Rising Interest Rates Barron's 9 Stocks That Could Be Good Deals as Interest Rates Climb InvestorPlace: 7 Stocks That Could Be Big Winners From Increasing Interest Rates Wall Street Journal: What Does Inflation Mean for American Businesses? For Some, Bigger Profits CNBC: Warren Buffett says these businesses do the best during periods of high inflation Marketwatch: Inflation scare? The stocks that perform best — and worst — when prices rise Bloomberg: Getting Inflation Right Is a Make-or-Break Moment on Wall Street To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Wall Street Journal: Hackers Circle as Individual Investors Pour Cash Into Crypto Wall Street Journal: U.S. Covid-19 Deaths in 2021 Surpass 2020's Bloomberg: Cryptocurrencies Can Destabilize Nations, Hillary Clinton Warns Bloomberg: U.S. Intel Shows Russia Plans for Potential Ukraine Invasion Washington Post: The FTC is cracking down on those continuing online charges you can't figure out how to cancel Nasdaq.com: Consumer Debt Hits a Record High, Federal Reserve Reports Wall Street Journal: Today's Shortages Could Soon Become Tomorrow's Gluts Bloomberg: Killer Asteroids Abound. NASA Is Ready to Do Something About It CNBC: U.S. to release oil from reserves in coordination with other countries to lower gas prices Bloomberg: Every Step of the Global Supply Chain Is Going Wrong — All at Once New York Times: Markets Aren't That Spooked by Omicron Wall Street Journal: Democrats Tackle Changes to $2 Trillion Spending Plan as Deadlines Loom Harper's Bazaar: Tiffany & Co unveils its most expensive piece in history Bloomberg: ‘Cyber Grinches' Snatching Toys Should Be Stopped, Lawmakers Say Wall Street Journal: Omicron Variant Has Covid-19 Vaccine Makers Preparing for Worst Case Bloomberg: Powell Weighs Earlier End to Bond Tapering Amid Hot Inflation Stacy's stock portfolio Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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See omnystudio.com/listener for privacy information.
Everybody wants to do the right thing for our planet. We want to reduce pollution, keep the world from warming up and fight for clean air and water. We also want to do the right thing when it comes to people: encourage diversity, stop sexual harassment and support fair labor practices. And when it comes to investing, we want companies that embody the same beliefs: companies that don't hurt the earth or the people on it.
That's the idea behind Environmental, Social and Governance investing, also known as ESG, or Socially Responsible Investing, known as SRI.
Putting your money where your beliefs are: It's getting ever-more popular. As of 2020, more than $17 Trillion has found its way to funds that specialize in ESG. But is ESG investing really going to save the planet, or is this another clever package Wall Street is using to wrap up your money?
We're about to find out. Because that's what this week's "Money!" podcast is about. We're going to look under the hood of ESG investing and when we're done, you'll have everything you need to decide whether it's fantastic or fad. And we're going to do it without making your eyes glaze over.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Nerdwallet: Environmental, Social and Governance (ESG) Investing and How to Get Started Forbes: Environmental, Social And Governance: What Is ESG Investing? Investors Business Daily: 100 Best ESG Stocks Combine Performance And Value With Values Bloomberg: Trillion-Dollar ESG Boom Rings Bubble-Trouble Alarm in New Study Motley Fool: What is ESG Investing & What Are ESG Stocks? Vox: The thorny truth about socially responsible investing SustainFi: The Complete Guide to ESG Investing US News: 7 ESG Funds to Buy Now Nerdwallet: Best ESG Funds: High-Rated and Low-Cost Options Kiplinger: 7 ESG ETFs to Buy for Responsible Profits Financial Times: ESG outperformance narrative ‘is flawed', new research shows Associated Press: From fad to force, sustainable investing sweeps Wall Street To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
The average American should expect to live about 79 years, according to the Centers for Disease Control and Prevention.
If you're lucky, you're going to spend about one-third of that time sleeping. With the remaining time you have, the idea should be to spend as many of them as possible doing what you want to do and as few as possible doing what you have to do.
How do you maximize leisure hours and minimize labor hours? Work smarter, not harder.
That was the theme of Money Made Simple, a book I wrote back in 2004 and a course we now offer on this website.
With a few simple tips, tricks and habits, you can manage your financial life in minutes a year, and probably do a better job of it than you're doing now.
That's what this week's "Money!" podcast is about. We're going to turn you into a master of money management: organized, efficient and effective. And we're going to do it without making your eyes glaze over.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: 21 Steps to More Leisure — and Less Labor — in Your Life 10 Ways to Get Your Financial Life in Order The balance: 4 Steps to Start Organizing Your Finances Intuit: Guide to Organizing Your Finances Investopedia: 8 Steps To An Organized Financial Life TheCollegeInvestor: How To Completely Organize Your Finances And Your Money Life SoFi: How to Organize Your Finances & Keep Them Organized Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Wall Street Journal: Central Banks Fuel New Bets on Tighter Money as Inflation Rises Globally Wall Street Journal: A New Market Emerges for Online Delivery: 10-Minute Groceries Associated Press: Why are foreign tech firms pulling out of China? Barron's: The Fed Lays Out Plans to Start Tapering This Month Wall Street Journal: Are Entrepreneurs Happier Than Everybody Else? Bloomberg: Here's What Citigroup to Goldman Say About Oil After OPEC+ Move CNBC: Investors are piling into infrastructure stocks after House passes Biden plan Bloomberg: Shiba Inu Coin Craze Is Driving Demand for—What Else?—Shiba Inu Puppies Associated Press: US reopens to international travel, allows happy reunions Wall Street Journal: General Electric to Split Into Three Public Companies CNBC: U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years Wall Street Journal: Is Santa Claus Coming to Town? Maybe Not. Blame the Labor Shortage CNBC: Consumer prices jumped in October, but one indicator says inflation might be peaking Bloomberg: Morgan Stanley Says Steer Clear of U.S. Stocks and Bonds in 2022 Bloomberg: Prepare to Live on $33,000 a Year If You Retire With a $1 Million Portfolio Barron's Small-Cap Stocks Are in Line to Be Big Winners in 2022 Wall Street Journal: Retail Sales Rose by 1.7% in October Despite High Inflation New York Times: Policy and the Fog of Politics Stacy's stocks Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
If I asked you, "What are the most common ways people waste money?," how would you respond?
You might say, "paying for unused memberships and subscriptions", or "buying things you don't really need", or "letting food go bad."
These are all common ways of wasting money, and there are plenty more. But one thing that likely wouldn't appear on your list, but should, is "paying too much in income taxes."
Every dollar of deductions you can find will reduce your tax bill by 10 to 37 cents. Every tax credit you can dig up will lower your bill dollar for dollar.
But here's the thing with taxes: Once the year ends on December 31, many of your opportunities to save vanish with it. That's why you should always do a quick review during the last few months of the year to make sure you're not missing something that could save you hundreds, or even thousands.
That's what this week's "Money!" podcast is about. We're going to talk about how to save money next April with a quick review now. And we're going to do it without making your eyes glaze over.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: How One Hour Today Could Be Worth $1,000 Next Year 5 Year-End Moves to Make Now and Save Big at Tax Time Barron's Strategies to Lower Your 2021 Tax Bill—and Line up Future Tax Savings Kiplinger: 10 Year-End Moves to Lower Your 2021 Tax Bill NerdWallet: 12 Tips to Cut Your Tax Bill This Year Bankrate: 12 ways to lower your taxable income this year CNBC: These year-end tax moves may help you save, regardless of what happens in Congress US News:15 Legal Secrets to Reducing Your Taxes To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Social Security recently announced the biggest increase to monthly payments in about 40 years, with a rise of nearly 6%.
That's got to be great news for recipients, especially considering that over the last 10 years, no annual increase has exceeded 3%. In 2015, there was no increase at all.
That highlights one of the toughest things about retirement; creating an income that keeps ahead of inflation.
But Social Security isn't the only game in town. There are other ways to achieve growing income. Example? Dividend stocks.
If you're not familiar with companies that pay dividends, you should be. Dividends are simply a share of a company's profits, typically sent out every three months.
While there are no guarantees, some companies have been paying dividends literally for decades without missing a beat, as well as increasing them every year.
Take 3M, for instance; the industrial conglomerate. 3M has increased its regular dividend every year for more than 50 years. In 1989, they were paying 32 cents a share. Last year? $5.88. That's a compound annual growth rate of 10%. That's way better than Social Security has delivered. And, dividends, unlike the pathetic interest you earn at the bank, can get favorable tax treatment. Rather than rates as high as 37%, qualified stock dividends are taxed at a rate from zero to a maximum of 20%.
So now you see what attracts income investors to dividend stocks: a tax-advantaged retirement income that has the potential to increase. And here's more icing on the cake. Your principal can also rise. In 1989, 3M was going for about 20 bucks a share. Now it's more than $180. No bank account produces returns like that.
Of course, there's no free lunch. There's always risk when investing in any stock, no matter how high the quality. To minimize that risk, you've got to learn some fundamentals.
That's what this week's "Money!" podcast is about. We're going to talk about how to find the best dividend stocks, step by step. And we're going to do it without making your eyes glaze over.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
My wife Sara and I look at things a bit differently. She sees cool things and buys them. I watch her to determine what's cool, then buy the stock of the company that makes it.
Nearly 20 years ago, when Apple revolutionized portable music, I bought Sara an iPod. She loved it, as did pretty much everyone else in the world. I didn't initially buy one for myself, because I thought they were too expensive. Ditto with the iPhone. I did, however, buy Apple stock in 2001.
That was easily the best investment I've made in my 40+ years of buying stocks.
Then there's Facebook. Sara was all over it long before I even realized what social media was about. But when I realized she and everyone else I've ever met were on Facebook nonstop, I bought some stock. That was 2016. Even though I got in relatively late, I'm still up 250% in five years.
These are examples of a classic investment technique; looking around to see what people are excited about, then investing in it.
Of course, you don't invest on that basis alone; it's not the only important factor. But it's been a good starting point for me over the years.
And it's just one of many techniques to find market winners.
That's what this week's "Money!" podcast is about. We're going to go over the art and science of picking stocks, step by step. Hopefully you'll learn something that will make you richer.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: The Surprisingly Simple Reason Even Investing Pros Can't Beat the Stock Market 5 Moves to Make If You're Worried the Stock Market Will Crash 9 Tips for Sane and Successful Stock Investing How to Get Started Investing With $500 or Less The Lazy Person's Guide to Flawless Investing To see Stacy's stocks, click here Motley Fool: How to Pick a Stock Investopedia: How to Pick a Stock: Basic Best Practices for New Investors Barron's: Psst! Want the Secret to Picking Winning Stocks? Keep Reading. US News: Beginner Investors: How to Pick Stocks Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Bloomberg: La Nina Arrives, Threatening to Stoke Droughts and Roil Markets Barron's Bitcoin Nears $60,000. It Could Test Record Highs on ETF News. Bloomberg: Consumer Sentiment in U.S. Falls to Second-Lowest Since 2011 Washington Post: Uncomfortable inflation is here, and it's changing the economy New York Times: China's Economy Continues to Slow, Rattled by Real Estate and Energy Barron's: Americans Say They've Lost Confidence in the Economy, but They're Spending Like They Won the Lottery Bloomberg: Emboldened Bitcoin Bulls Shoot for Moon After Topping Record Bloomberg: Happy Mood Music in Markets Is Ignoring China Troubles Axios: Trump says he plans to launch new social media network in 2022 New York Times: U.S. Warns Climate Poses ‘Emerging Threat' to Financial System Barron's Yellen Describes How Proposed Billionaire Tax Would Work Wall Street Journal: 3-D Printed Houses Are Sprouting Near Austin as Demand for Homes Grows Barron's Bakkt Stock Soars on Crypto Partnership With Mastercard New York Times: Why This Billionaire Is Worried About Green Investing Wall Street Journal: U.S. Economy Slowed in Third Quarter on Delta Surge, Supply Crunch Barron's This Indicator Is Signaling Trouble Ahead for the Stock Market To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Ever hear phrases like "common knowledge" or "conventional wisdom"?
Typically, the reason knowledge is common and wisdom is conventional is because it's true, or at least makes sense. Otherwise, it presumably wouldn't have a long shelf life and get passed around for years.
But here's the thing: sometimes conventional wisdom is stupid and common knowledge is wrong.
Here's one of many examples: Ever hear someone say, "After you retire, your expenses will be much lower."
While it's possible that will be true, it's also possible it will be laughingly false. Depending on what you plan to do during your retirement years, you could easily be spending a lot more than you did while working. That's why you need to think about how you're likely to spend your golden years, then plan on where the gold will come from.
And that's just the tip of the iceberg when it comes to questionable, irrelevant, outdated or just plain bad money advice.
That's what this week's "Money!" podcast is about. We're going to list 20+ bad bits of advice, explain why they're off the mark and replace them with new conventional wisdom that's wise and common knowledge that's knowledgeable.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: 13 Dumb Investing Moves — and How to Avoid Them 11 Dumb Money Mistakes That Are Holding You Back My 10 Dumbest Money Moves — and How You Can Avoid Them Stop Making These 10 Dumb Money Moves 7 Crucial Money Mistakes You Must Avoid Penny Hoarder: 6 Pieces of Dumb Financial Advice That Most People Believe Entreprenuer: 5 Pieces of Free Financial Advice You Can't Afford to Take The 22 Most Foolish Financial Decisions Ever Made The 23 Worst Pieces of Financial Advice We've Ever Heard 7 stupid things people do with their money that feel smart at the time Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Hi guys, and welcome to the Money podcast!
When I was born back in 1955, the median house price was around $11,000. Today, it's about $330,000.
When I got my learner's license in 1970, the median price of a new car was $3,500. Today? $41,000.
When my father was born, the average annual household income was $3,300. Today it's about $70,000.
These are all examples of inflation; the erosion of the purchasing power of the dollar. Ignore it at your peril, especially if you're anywhere near retirement age, since these are the years your income will likely rise less than prices will.
We tend to think of inflation as consistent, but it's not. Sometimes inflation is low; sometimes prices actually drop year to year.
But these days, inflation is rising faster than it has in years; in some cases, decades. So, what's an investor to do?
That's what this week's "Money!" podcast is about. We're going to try to figure out if the inflation we're now experiencing is transitory, or if it's here to stay. And if we are entering a period of high inflation, we're going to talk about what you can do to fight back.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Inflation Fears Are Surging — Should You Be Scared, Too? 8 Things Still Getting Hammered by Inflation 15 Ways You Can Deflate Inflation S. Cities With the Highest Rates of Inflation in 2021 Could Commodities Hold the Cure for Inflation? Should You Be Worried About Inflation Risk? 12 Smart Ways to Fight Price Inflation Wall Street Journal: Higher Inflation Is Here to Stay for Years, Economists Forecast The Hill: Is the current inflation spike really transitory? Bloomberg: Inflation Is Here. The Big Debate Is, Will It Stay? MarketWatch: Inflation is here to stay and may top 4% this year, says professor with a peerless record of predictions CNBC: Here's why businessman Ken Langone thinks the Fed is wrong and inflation is here to stay Kiplinger: Inflation Cools But Pressures Lurk Bloomberg: S. Inflation Forecasts Keep Rising as Supply Constraints Loom Bloomberg: Read the Runes. Inflation Is Showing Some Staying Power Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Wall Street Journal: Covid-19 Deaths in U.S. Level Off as Delta Variant Surge Eases New York Times: Inflation Warning Signs Flash Red, Posing Challenge for Washington Bloomberg: Silicon's 300% Surge Throws Another Price Shock at the World Wall Street Journal: Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao's Socialist Vision Wall Street Journal: Mortgage Payments Are Getting More and More Unaffordable Bloomberg: Christmas at Risk as Supply Chain ‘Disaster' Only Gets Worse Wall Street Journal: Is the Stock Market Open at 3 a.m.? This Startup Says It Should Be New York Times: Stock, Bond and Real Estate Prices Are All Uncomfortably High CNBC: Strong wage gains cast doubt that inflation is going away anytime soon Wall Street Journal: Sharp Rise Brings Treasury Yields Near Spring Highs Barron's: The Dollar Is Rising. Here's How to Play It. New York Times: Global Deal to End Tax Havens Moves Ahead as Nations Back 15% Rate New York Times: There Is Shadow Inflation Taking Place All Around Us The Balance: Survey: Stock Market Poised for More Declines This Year CNBC: IMF cuts its global growth forecast, citing supply disruptions and the pandemic To see Stacy's stocks, click here Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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President Biden said no one making under $400,000 will see their federal taxes go up. That's a lie... In fact, under his plan, an average family who earns over $50,000 will see a tax increase.
That was a quote from Republican House Minority Leader Kevin McCarthy on September 30 while discussing the Biden $3.5 trillion Build Back Better plan now being debated in congress.
Here's a quote from President Biden:
I give you my word as a Biden: If you make under $400,000 a year, I'll never raise your taxes one cent. But, I'm going to make those at the top start to pay their share in taxes.
One of these guys is lying. But as they say, "There are three types of lies -- lies, damn lies, and statistics."
While facts are always facts, when things get complex, politicians tend to manipulate statistics to fit their desired outcome.
Nonetheless, one of these guys is more right than the other one. Should the proposal pass, either taxes are going to go up for the middle class, or they're not.
That's what this week's "Money!" podcast is about: cutting through the rhetoric and finding out exactly what Biden's Build Back Better social spending plan promises to do, who it will affect and who's really going to be on the hook to pay for it.
As you listen, keep in mind this is a moving target. The bill is likely to have major changes and spending reductions before it passes, if it passes at all.
But if nothing else, we thought it would make for a fascinating glimpse at how something as seemingly simple as how policies are paid for is often anything but.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: GOP: Analysis: Biden Tax Hikes Hit Middle Class Associated Press: What’s the price of Biden’s plan? Democrats drive for zero Heritage Foundation (Conservative Think Tank): Will Biden’s Spending Bill Hike Taxes on Those Making Less Than $400,000? Heritage Foundation: 8 Things You Need to Know About Democrats’ Tax Increase Bill Tax Foundation (right-leaning): Placing the House Build Back Better Act Tax Increases in Historical Context Tax Foundation (right-leaning) Build Back Better Act: Details & Analysis of the $3.5 Trillion Budget Reconciliation Bill Center for American Progress (Liberal) The House Ways and Means Build Back Better Bill Is a First Step Toward a Fairer Tax Code The White House: The Build Back Better Agenda KPMG: Legislative update: House Budget Committee’s report on “Build Back Better Act” Washington Post: With big tax push, Democrats aim to tackle enormous gains of top 1 percent Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website Chris Orestis, Retirement Genius: RetirementGenius.com
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When it comes to investing, this apple fell far from the family tree.
I became a Wall Street investment adviser, otherwise known as a stockbroker, in 1981 and have been an avid stock investor ever since.
My parents, on the other hand, didn't own a single share of stock until their late 50s, and only then because my mother inherited a utility stock from her aunt.
You can't blame them. My parents were survivors of the Great Depression, a time in history when stocks fell nearly 90% and some bank depositors lost it all. So it's natural they'd be more Treasury bills than stock investors. To them, the stock market was more a casino than a place for your life savings. It also helped that in their day, they didn't really need Wall Street, since they could easily earn 8% or more in risk-free T-bills or CDs.
These days, with savings rates hovering near zero, many of us have been practically forced into stocks. But even for true believers like myself, we can't put all our eggs into a volatile basket. So it's important to be aware of other potential investments. And there are a ton of them: by my count, more than 20. Not all great ideas, of course, but it pays to be aware of your options.
And that's what this week's "Money!" podcast is about: investments that don't involve stocks. So if you're like me and are reaching the upper boundaries of what you'll comfortably keep in stocks, or you're like my parents and want nothing to do with them in the first place, this is your podcast.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: How to Get Started Investing With $500 or Less 7 Ways to Slay Your Fear of the Stock Market 13 Dumb Investing Moves — and How to Avoid Them GoBankingRates: 13 Ways To Invest That Don't Involve the Stock Market Huffington Post: 10 Ways to Invest That Don't Involve the Stock Market Investopedia: 5 Alternative Investments for 2021 HowStuffWorks: 10 Reasonably Safe Alternative Investments Forbes: Think The Stock Market Is Expensive? Here Are 14 ‘Alternative' Investment Ideas The Balance: Best Investment Alternatives to Stocks Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: CNBC: The stock market is undergoing a slow motion deterioration with pockets of shares down 20% or more Wall Street Journal: How Facebook Hobbled Mark Zuckerberg's Bid to Get America Vaccinated Barron's: Stocks Notch Worst Day in Months on Evergrande Fears Wall Street Journal: Xi Jinping Aims to Rein In Chinese Capitalism, Hew to Mao's Socialist Vision New York Times: Federal Reserve Signals a Shift Away From Pandemic Support Barron's: Here's How a Government Shutdown Would Disrupt Washington and Beyond Wall Street Journal: Hot U.S. Housing Market Cooled Some in August Bloomberg: U.S. House to Consider Bill to Ease Cannabis Banking Wall Street Journal: Dentists' Group Fights Plan to Cover Dental Benefits Under Medicare Wall Street Journal: Individuals Embrace Options Trading, Turbocharging Stock Markets Bloomberg: Brent Crude Declines After Topping $80 as U.S. Equities Sink Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Subscribe to the Money Talks News newsletter Miranda Marquit's website
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For many aging Americans, Social Security is critical.
Social Security makes up at least 50% of the income for half of couples 65+ and is the sole source of income for about 20%.
Imagine being one of those recipients, then reading articles with titles like Social Security Trust Funds Now Projected to Run Out of Money Sooner Than Expected, or Social Security Will Be Insolvent by 2033. or Social Security Could Be Insolvent Within 8 Years.
If you depend on Social Security to survive, this is scary stuff.
But if you're worried about the viability of Social Security, here's something that might offer comfort: These same types of stories have been going around since I first became an investment adviser 40 years ago. Why do they periodically repeat? First, because there's some truth to them: Social Security does face funding challenges. But I suspect it's also at least partly because scary headlines sell stories.
Still, Social Security funding issues aren't imaginary, and changes will almost certainly have to occur if the system is to remain viable. But what could those changes entail? More important, how can you best position yourself to maximize monthly checks when your time comes?
Want more information? Check out these resources: 9 Social Security Terms Everyone Should Know Retirees Have a New Top Financial Fear in 2021 6 Money Mistakes That Will Wreck Your Retirement Don't Get Scared Into This Social Security Mistake 6 Groups Who Cannot Rely on Social Security Benefits A Simple Way to Maximize Your Social Security 12 Ways to Maximize Your Social Security Checks CNBC: Social Security trust funds now projected to run out of money sooner than expected due to Covid, Treasury says Motley Fool: How Safe Is My Social Security? Investopedia: How Secure Is Social Security? AARP: How much longer will Social Security be around? Kiplinger: Relax, Your Social Security Benefits Are Safe Subscribe to the Money Talks News newsletter Miranda Marquit's website
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While nothing in life is certain -- well, except death and taxes -- as you enter your retirement years, you'll face more uncertainty than ever before.
While retirement's a time to relax, before you get there you'll be faced with risks that could derail your plans. What if you outlive your money? What if you come down with a debilitating, and expensive, illness? Will your income keep pace with inflation? Will you have enough to live the life you want? If you choose or need to work, will you physically be able to? What if taxes go up? What if Social Security goes down? Will you have enough to pay for a nursing home?
Unless you're very rich, these risks could threaten a comfortable retirement and impact the amount of money you'll need.
So a large part of retirement planning is about confronting risks: considering potential problems in advance and preparing as best you can, mentally, physically and financially.
And that's what this week's "Money!" podcast is about. We're going to talk about the biggest retirement risks and how to prepare for them. Because while it's true that the only thing in life that's certain is uncertainty, it's also true that forewarned is forearmed.
Want more information? Check out these resources: Vanguard: 5 risks you face in retirement Investopedia: Common Post-Retirement Risks You Should Know Forbes: How to Beat the Three Greatest Retirement Risks Subscribe to the Money Talks News newsletter Miranda Marquit's website
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Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: USA Today: Home prices spiked 18% in July. Should you put off buying for the time being? Barron's: 2 Good Reasons the Stock Market Isn't Ready to Blow Up Yet Barron's: Stocks Are Mixed After Weak Jobs News Bloomberg: Goldman Cuts U.S. Growth Forecast as Consumer Sees ‘Harder Path' Wall Street Journal: Aluminum Hits Decade High After Guinea Coup Imperils Bauxite Supplies Bloomberg: Investment Banks Turn Sour on U.S. Equity Outlook Wall Street Journal: White House Unveils Plan to Cut Prescription-Drug Prices Bloomberg: Inequality Has Cost the U.S. Nearly $23 Trillion Since 1990 Bloomberg: More Strategists Say a Storm Is Brewing in the U.S. Stock Market Wall Street Journal: U.S. Stock Market Faces Risk of Bumpy Autumn, Wall Street Analysts Warn New York Times: House Democrats Outline Tax Increases for Wealthy Businesses and Individuals CNBC: Consumer prices post smaller than expected increase in August CNBC: Fewer deals and shipping delays: Here are some early predictions for the holiday season Bloomberg: SEC Gives Whistle-Blower $110 Million in Second-Biggest Payout Subscribe to the Money Talks News newsletter Miranda Marquit's website
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When I worked as a Wall Street investment adviser back in the 80s, there was basically only one way we got paid: commissions.
When I bought or sold shares of stock, the client paid about 1% of the value of the trade. When I sold an annuity, I got paid 4%. When I sold a mutual fund, the commission was anywhere from 2 to 7%.
So back then, advisers made a living by taking a slice out of whatever money you invest. And for many, that's still true today.
That system, however, isn't the best. For one thing, advisers get paid more for some investments than others, which can influence their advice. Another issue: While the best way to manage money is often to sit tight and do nothing, your adviser can't pay their mortgage unless your money is moving.
It was flaws like these, along with the desire to create a steady, predictable adviser income, that years ago led to a new model: Instead of charging per transaction, charging a set percentage, typically around 1%, of the assets under management. Got a hundred grand? Pay $1,000 a year. A million? 10 thousand.
But that system isn't ideal either. For example, does managing a million really require 10 times the effort of managing $100,000? And if the stock market doubles, does that warrant a 100% raise for your adviser?
A final way of paying for advice has also gained in popularity: paying by the hour, just as you do with an accountant or lawyer. The problem? As with an accountant or lawyer, hourly rates can be high.
So, what's an investor to do?
Want more information? Check out these resources: Ask Stacy: Do I Need a Financial Adviser, or Can I Manage My Money Myself? 6 Signs Your Financial Advisor Could Be Ripping You Off 5 Questions to Ask Before Hiring a Financial Adviser How to Find the Right Financial Adviser US News: What to Know About Advisor Fees and Costs US News: How to Find a Financial Advisor if You're Not Rich SmartAsset: How Much Does a Financial Advisor Cost? Investopedia: How to Cut Financial Advisor Expenses Dave Ramsey: How Does a Financial Advisor Get Paid? Should You Use One? Money Under 30: When Is It Time To Hire A Financial Advisor? Forbes: Do I Need A Financial Advisor Or Should I Do It Myself? Here's When It's Worth It To Get A Financial Advisor. The Balance: How to Evaluate the Cost of Hiring a Financial Planner Nerdwallet: How Much Does a Financial Advisor Cost? The Balance: Is It Worth the Money to Hire a Financial Advisor? Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website Wealthramp: Pam Kruger's website
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When my parents retired, they had no issues when it came to retirement income.
In addition to Social Security, they both had retirement plans that offered a guaranteed monthly income for life. They also had investments, but they were the icing; the cake was those monthly checks. They didn't need to dip into their savings, because their income was more than enough to live on. It even adjusted for inflation.
While these types of retirement plans still exist, they're getting more and more rare. Take me, for instance: Soon I'll be eligible for Social Security, but it won't be nearly enough to support my lifestyle. And unlike my parents, I won't be getting any additional monthly checks. So my savings aren't the icing; they're the cake. It's up to me to figure out how to convert my savings into monthly checks, and up to me to make sure it will be enough to last a lifetime.
According to some researchers, retirees who have a predictable retirement income are happier than those who don't. Makes sense: Worrying about running out of money doesn't sound like a barrel of monkeys.
Solution? For many approaching retirement without a guaranteed income, it's an annuity: an insurance contract that converts a lump sum of cash into a monthly income for life.
But while annuities seem like the ideal solution to the retirement income problem, it's not all wine and roses. While ideal for some, they're not a perfect solution for all.
Want more information? Check out these resources: 4 Reasons to Buy an Annuity — and 4 Reasons to Walk Away Ask Stacy: Should I buy an Annuity for Retirement Income? Your Top 5 Retirement Questions, Answered 6 Ways to Guarantee Yourself a Steady Retirement Income 7 Ways Retirees Can Fatten Their Bottom Line Investopedia: Retirement Annuities: Know the Pros and Cons Credit Karma: Annuities: Pros and Cons Motley Fool: The Pros and Cons of Annuities CNBC: Annuities: More cons than pros? Motley Fool: Are Annuities a Good Investment? US News: 16 Things You Need to Know Now About Annuities Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Imagine the internet coming to life. Instead of words on a screen, it's a 3 dimensional world. You don't read it or watch it. You step into it. You become an avatar -- a three dimensional graphical representation of yourself -- and interact with others in a virtual world.
That's the metaverse, and it may be coming sooner than you think.
If you've used a virtual reality headset to play a game, you've experienced some of what the metaverse has to offer. It's a 3-dimensional experience. You can look in any direction; you're not watching a game, you're inside the game.
Now imagine extending that virtual reality experience into non-gaming situations. Shopping at a mall. Meeting with clients or customers. Hanging out with friends and family. Going to a concert, bar or baseball game. Sitting across the desk from me while I do my podcast.
In short, the metaverse is a convergence of our physical and digital lives.
Want to know more? Good, because that's what this week's "Money!" podcast is about. We're going to talk about this upcoming leap in technology that may rival cell phones and the Internet in terms of its impact on the world. More important, we'll talk about ways you can profit from what's ahead.
Want more information? Check out these resources: Washington Post: The metaverse is the future of our reality. Bloomberg (video): Step Into the Metaverse Washington Post: The ‘Metaverse' is growing. And now you can directly invest in it Matthewball.vc: A Metaverse Primer Venturebeat.com: The Metaverse ETF will let you invest in stocks that are the internet's future Washington Post: Silicon Valley is racing to build the next version of the Internet. Fortnite might get there first US News: The 7 Best Metaverse Stocks to Buy Forbes: Making Money In The Metaverse Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: Barron's: Cathie Wood Says Michael Burry Doesn't Understand the Innovation Space Barron's: Forget $100 Oil. Here's What to Watch in Energy Now. Wall Street Journal: Jerome Powell Says It's Unclear What Covid-19 Surge Means for Economy Axios: Why you should be ordering holiday gifts now Axios: Small business struggles Bloomberg: China Dip Buyers Finally Reach ‘Breaking Point' After 56% Loss Bloomberg: Bank-Averse Taliban Leave U.S. Struggling for Financial Edge Wall Street Journal: T-Mobile Hack Exposed Details of More Than 40 Million People Wall Street Journal: Ford Wants More Buyers to Order Online and Wait, Rather Than Pick Off the Lot Barron's: Retail Earnings Are Rolling In. Sales Are Up, and So Are Hopes. Bloomberg: Waymo Is 99% of the Way to Self-Driving Cars. The Last 1% Is the Hardest Barron's: Delta Covid Variant Won't Derail Economy, Fed's Bullard Says New York Times: Cutoff of Jobless Benefits Is Found to Get Few Back to Work Wall Street Journal: FDA Gives Pfizer-BioNTech Covid-19 Vaccine Full Approval Barron's: Big Tech Is in a Perilous Moment. The Stocks Are Unstoppable. Wall Street Journal: U.S. Crops Wither Under Scorching Heat Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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When I was 17, the day after I graduated from high school I left my home in Atlanta and along with my friend Andy, hitchhiked across the United States.
A couple of months later, we ended up in San Francisco with about $5 between us. As the money started to dwindle, we went from eating peanut butter and jelly sandwiches to just peanut butter sandwiches to just bread and finally to not much of anything.
On our way back home, I remember getting a ride from a guy in an 18 wheeler hauling potatoes. As we got out of the truck around dawn in Amarillo, Texas, I asked the driver if I could take a potato. Standing there by the side of the road trying to find another east-bound ride, Andy and I tried to eat that raw potato like an apple.
If you're ever tempted to try eating a raw potato, here's some advice: don't.
Running out of money when you're a 17-year-old vagabond is one thing. Running out when you're retired and too old to make more is something else entirely. Which is why it's no surprise that running out of money before running out of time is the single greatest fear of those approaching retirement. In fact, according to one survey, for some retirees, outliving your savings is a greater fear than death.
The problem as we approach retirement is that there are critical variables we can't control: How our investments will perform, how much money we'll need (what if I end up in a nursing home?) and the biggie: how long we'll live. Since we can't know the answer to these and other questions, unless you're very rich, you can't be sure your savings will outlive you.
What's an investor to do?
That's what this week's "Money!" podcast is about. We're going to talk about growing your nest-egg, but just as important, reducing your anxiety over it. After listening to this show, you're going to feel better about your odds of entering your golden years better prepared than you expected.
Want more information? Check out these resources: What Happens If I Really Do Run Out of Money in Retirement? Why Your Retirement Will Be Nothing Like You Planned Why Women Are More Likely to Retire Poor Than Men (And What They Can Do About It) Your Top 5 Retirement Questions, Answered Kiplinger: 3 Strategies to Avoid Running Out of Money in Retirement CNN: 6 steps to avoid running out of money in retirement Lifehack: 7 Practical Ways to Avoid Running Out of Money in Retirement Motley Fool: 5 Strategies to Help You Avoid Running Out of Money in Retirement Ramsey: Are You In Danger of Running Out of Money in Retirement? US News: How to Avoid Running Out of Money in Retirement CNBC: 3 steps to avoid running out of money in retirement Forbes: How To Avoid Running Out Of Money During Retirement Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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It was February 27, 2014. I was doing a TV news story on something relatively new in the investment world: Bitcoin.
After briefly explaining digital currencies, I wanted to show exactly how one goes about investing in them. So I had my videographer take some video of my computer screen while I purchased a half a Bitcoin in real time. My investment? $289.47.
Months, then years, went by, and I forgot about the money I'd put in Bitcoin. Then, about 4 years later, Bitcoin was making headlines as it surpassed $10,000 in value. And that's when it hit me: I own some of that! So I went online, sold about half of the Bitcoin I owned. And since I was playing with the house's money, I used the proceeds to buy some of the second most popular digital currency, Etherium, which at the time was going for about $800.
Fast-forward to today, and my crypto investments are worth around $45,000. My current crypto balance isn't all from my original $289 investment: I've invested additional money along the way. Still, this is a textbook example of a blind squirrel finding a golden acorn. And I'm not the only one. There are lots of similar stories, many infinitely more spectacular.
I'll bet it's these type of stories, more than anything else, that are driving the crypto craze. That, and the insane volatility in the digital asset space.
Just this year, Bitcoin started at around $30,000 per coin, got as high as $65,000, fell back to $30,000 and now have climbed back to $45,000. That means it's doubled, then lost half its value, then gained back 30%, all within 7 months.
And because of all this price movement, are digital assets really worth investing in? How can something be a medium of exchange, like a currency, or a store of value, like gold, when it's this volatile?
If nothing else, however, it's fascinating. That's why I wanted to learn about it and why I want you to understand it as well.
That's what this week's "Money!" podcast is about. We're going to give you the skinny on what digital currencies are all about, how to invest, and a little advice on whether you should.
Want more information? Check out these resources: Why Most Financial Advisors Won't Recommend Bitcoin Is It Too Late to Buy Bitcoin? Wall Street Journal: Want to Dip a Toe Into Bitcoin? Here's How to Invest in Cryptocurrency Barron's: Should Investors Buy Cryptocurrencies? The Barron's Roundtable Weighs In Time: You Have Cryptocurrency Questions. We Have Answers Forbes: Cryptocurrency 101: All You Really Need To Know Motley Fool: 5 Things to Know Before You Buy Bitcoin Investopedia: What You Must Know Before Investing in Cryptocurrency Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: Associated Press: It's in -- and it's big: Senators produce $1T infrastructure bill Wall Street Journal: Tech Startup Financing Hits Records as Giant Funds Dwarf Venture Capitalists Wall Street Journal: Covid-19 Vaccine Mandates Split Corporate America Bloomberg: Millennials Should Beware of Rising Payment Apps Bloomberg: U.S. Job Growth Tops Forecast With Biggest Gain in Nearly a Year New York Times: A Hotter Future Is Certain, Climate Panel Warns. But How Hot Is Up to Us. Wall Street Journal: Senate Democrats Outline $3.5 Trillion Antipoverty, Climate Plan New York Times: Senate Passes $1 Trillion Infrastructure Bill, Handing Biden a Bipartisan Win Barron's: Inflation Cooled, a Little, in July. It's Still a Problem. Wall Street Journal: Mountain Dew Collaborates With PepsiCo, Boston Beer on a Boozy Version Wall Street Journal: How to Get Smarter: Start With the Brain Itself Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
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I've been investing for more than 40 years and have learned lots of lessons over the decades, many by making mistakes. One of the most important lessons I've learned is also one of the most simple. As I wrote years ago in an article called The 10 Golden Rules of Becoming a Millionaire:
Rich people ring the register when the economy is booming, but that's not when they created their wealth.
You get richer by investing when nobody else will: when unemployment is high, the market is tanking, everybody's freaking out, and there's nothing but fear and misery on the horizon.
The cyclical nature of our economy all but ensures bad times will periodically occur, and human nature all but ensures that when bad times happen, most people will freeze like a deer in the headlights. But downturns are the time you've been saving for.
If you think the world is truly ending, buy canned food and a shotgun. If not, step up. As billionaire investor Warren Buffett famously advised, "Be fearful when others are greedy and greedy when others are fearful."
In other words, recessions and the stock market tumult that often accompanies them may be jarring in the short-term; but in the long term, they can make you rich. That is, if you're prepared. To put it another way, investors need to make hay while the sun isn't shining.
That's what this week's "Money!" podcast is about. We're going to give you an educated guess as to when you might see the next major economic downturn, but more important, we're going to give you the tools you'll need not just to survive, but to thrive in the aftermath.
Want more information? Check out these resources: 9 Ways to Brace Yourself for the Next Recession Freaking Out About the Stock Market? Read This 20 Dumb Investing Moves and How to Avoid Them 5 Ways to Profit From a Recession — If You Act Now Staying Alive: How to Make Money in a Recession 3 Good Things About Recessions Motley Fool: How to Prepare for a Stock Market Crash Yahoo Finance: Warren Buffett on Preparing for the Next Stock Market Crash Investopedia: 6 Ways to Prepare for a Market Crash Acorns: How to Prepare for a Recession Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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My wife gave me a T-shirt that elicits responses wherever I go. It says, "I (heart) naps."
Turns out that some people, including yours truly, have a hard time getting through the day without a brief afternoon nap. Non-nappers, like my wife, are destined to go through life never knowing the fabulous feeling one gets from a mid-day recharge.
I'm convinced the world would be a better place if we could all carve out a little more time for relaxation. A great place to start finding that extra time? By spending less of it managing, moving and messing with money.
Back in 2004, I wrote a book called Money Made Simple: How to Flawlessly Control Your Finances in Minutes a Year. The theme of that book was that you can master money in minutes a year.
Here's the thing about money: Unlike with some other things in life, investing extra time to manage your family's finances doesn't necessarily add up to extra rewards. More pain doesn't always mean more gain. Burning the candle at both ends doesn't always lead to a brighter future.
In short, by streamlining and putting everything possible on auto-pilot, it's still possible to stay on top of your finances and still have a little hammock time.
You just have to know how to do it.
That's what this week's "Money!" podcast is about. We're going to talk about how to streamline and automate your money, so you expend as little time and effort as possible, while still reaping maximum rewards.
Want more information? Check out these resources: The Lazy Person's Guide to Money Management Money Made Simple: How to Flawlessly Control Your Finances in Minutes a Year The Street: The Lazy Person's Guide to Personal Finance The Balance: 10 Simple Ways to Manage Your Money Better Penny Hoarder: 12 Simple Money Management Tips You Can Start Today Smart Asset: Top 10 Money Management Tips CNBC: Personal Finance 101: The complete guide to managing your money Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day, there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process. Bloomberg: Covid Still Killing Americans Faster Than Guns, Cars and Flu Combined Wall Street Journal Wall Street Watchdog Keeps Bitcoin ETFs on Ice Wall Street Journal: U.S. Life Expectancy Fell by 1.5 Years in 2020, the Biggest Decline in Generations Money.com: Why You Should Worry About the Next Crypto Crash (Even if You Don't Own Crypto) Barron's ‘I Might Pump, But I Don't Dump.' Why Elon Musk Still Loves Bitcoin Bloomberg: U.S.-China Trade Booms as If Virus, Tariffs Never Happened Wall Street Journal: How Much More Will Your Oreos Cost? Companies Test Price Increases Wall Street Journal: FICO Score's Hold on the Credit Market Is Slipping Bloomberg: China Stock Rout Spreads Amid Fears of Foreign Investor Exodus New York Times: Will the Delta Variant Wreck the Recovery? Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
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My wife, Sara, is a nurse practitioner. Over the years, she's been learning about money from me, and I've been learning, at least a little, about healthcare from her.
If there's one thing that money and the human body have in common, it's this: They both function at their best if you check in them once in a while.
Another similarity? While pretty much everyone knows checkups are important for both physical and fiscal fitness, very few people actually take the time and effort to do any checking up. They're more likely to just let things slide until the day when problems get too big to ignore.
In short, if you refuse to check in, sooner or later you could find yourself checking out.
Isn't that odd; ignoring doing something simple when that could lead to something radically more complicated, not to mention painful?
Keeping track of what's going on, being health-wise or money-wise, is important, and it's not hard. Sara gives me the all-clear in less than an hour a couple of times a year. That's about as long as it takes to check in on our family finances as well.
That's what this week's "Money!" podcast is about. We're going to give you a quick checklist so you can spend a few minutes, review your finances and maybe come up with a few ideas to reduce your hassle and make you richer, too. (As for a health checkup, sorry: You'll have to call Sara's office to arrange for that.)
Want more information? Check out these resources: 12 Ways to Check Your Financial Vital Signs Today 8 Steps for a Mid-Year Money Checkup Year-End Review: Evaluate Your Investments in 15 Minutes Barron's: It's Time for a Midyear Review of Your Finances. Here Are 6 Areas to Focus On Forbes: Experts' Tips For A Midyear Money Checkup US News: How to Give Yourself a Midyear Financial Checkup Motley Fool: Your 5-Point Midyear Financial Checkup Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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About 20 years ago, I made the worst financial mistake of my life. Along with two of my best friends, I opened a restaurant. Two of us put up the money; the third guy -- an experienced restaurant operator, but with no money to invest -- found a good location in another city and moved there to do the building and running of the place.
We lost money from the day we opened. In order to protect our original investments, we were forced to pour more money into the place; lots more. Eventually, I also moved to the city where the restaurant was to try to keep it afloat.
No luck.
After years of bitter struggle, we had no more money to lose and sold the restaurant. My losses? Countless hours of labor, about $150,000, and both of my friends. Since we went our separate ways, I haven't spoken to either one.
It amazes me how little thought we sometimes invest before investing money. Financial blunders can literally change when, or even if, you retire, as well as what that retirement will look like.
Fortunately, I had sufficient time and luck to overcome this screw-up, and I was able to keep my retirement goals on track. But the point is that when it comes your financial plans, especially when it comes to retirement, the fewer mistakes you make, and the faster you correct course, the better.
Want more information? Check out these resources: How to Resolve the 7 Worst Retirement Mistakes 8 Mistakes That Can Sabotage Your Retirement 7 Social Security Blunders That Can Ruin Your Retirement Don't Make These 12 Big Financial Planning Blunders Investopedia: The 11 Worst Retirement Mistakes—And How to Sidestep Them Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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So far in July: Global minimum tax gains steam, oil hits six-year high, the Delta COVID-19 strain threatens the recovery and borrowing is back big-time.
Nearly every day, there’s news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future — so many things, in fact, it’s hard to keep up with them all.
Problem solved. We track everything that’s happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the “Money!” podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: Wall Street Journal: Higher Inflation Is Here to Stay for Years, Economists Forecast Wall Street Journal U.S. Wins International Backing for Global Minimum Tax Bloomberg: OPEC+ Crisis Makes Oil Volatile as Traders Guess What’s Next Barron’s: Delta Strain Could Spoil the European Recovery Party Wall Street Journal: Earnings Kick Off With Sky-High Forecasts, Record Stock Market The Balance: Biden Targets Monopolies Said to Cost Families Thousands Bloomberg Wealth: Crypto Scammers Rip Off Billions as Pump-and-Dump Schemes Go Digital Wall Street Journal: Borrowing Is Back as Sign-Ups for Auto Loans, Credit Cards Hit Records Barron’s: EU Sees Stronger Growth Ahead. But What About That Delta Scare? CNN: Kaseya says Up to 1,500 businesses compromised in massive ransomware attack Money Talks News’ savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit’s website
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I'm an efficiency freak.
For years it's been a game for me to spend as little time as possible on chores by doing things like minimizing the time it takes to unload the dishwasher (hint: put the forks, knives and spoons in separate clusters in the silverware tray so you can grab a handful at once), empty the trash (hint: put extra bags on the bottom of the trash can to save a trip to the pantry for a new one) and vacuum the house (ask for a Roomba for Christmas.)
Even if you don't suffer from a similar compulsion, you should still try to be as efficient as possible when managing the family finances, for at least two reasons: First, less time managing money means more time for fun stuff; and second, making things too complex or time-consuming often means leaving them undone, underdone or badly done.
In short, if you'd rather spend time laying on the beach than fooling with finances, I'm here for you. There are tons of shortcuts you can harness that will allow you to get 90% of the returns achieved by the investment-obsessed in 10% of the time and with 5% of the effort and knowledge.
Ready to gain free time without sacrificing returns? To replace confusion with confidence? Good, because that's what this week's "Money!" podcast is about. We're going to explore how to invest with a minimum number of investments and in just a few minutes a year.
Want more information? Check out these resources: Can Watching TV News Make You Stupid? Why House Hunters Shouldn't Watch HGTV's ‘House Hunters' Despite TV's Obsession With Pawnshops, They're Still Last Resort. Kiplinger: 7 Tips to Help Spot 'Fake' Financial News University of West Florida: Tips for Avoiding Fake News Cornell: Fake News, Propaganda, and Disinformation: Learning to Critically Evaluate Media Sources Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Hosts: MoneyTalksNews MirandaMarquit.com
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When I first became an investment advisor back in 1981, interest rates were a lot different than today. For example, you could earn nearly 20% on a safe, secure money market fund. You could earn 12% totally tax-free on a AAA rated municipal bond. Completely risk-free, three-month Treasury Bills were paying north of 15%!
Doesn't that seem impossible? It's true, though.
Back then, nobody was wondering how they could earn more interest on their savings, because nobody needed to. Fast-forward to today and that's all investors talk about. And no wonder: If you're attempting to live off the interest on your savings, best you have a ton of savings.
If you've got a million bucks in the bank that's only earning .1%, you're only making a thousand bucks a year in interest: Good luck living on that. On the other hand, if you could earn 10% on that million bucks, you're earning $100,000. That's more like it, right?
Unfortunately, there's no free lunch. Only a liar or a fool would try to convince you that you could earn 1,000 times more interest with no additional risk. But, just maybe, you can earn 1,000 times more interest without taking 1,000 times more risk.
That's what this week's "Money!" podcast is about. Today we're going to discuss a bunch of ways to earn 10% or more on your savings, while also examiniting the risks involved.
Want more information? Check out these resources: How to Earn More Money on Your Savings Barron's: It's Been a Hard Time for Income Investors. Where to Find Yields of 7% or More Now Kiplinger: 35 Ways to Earn Up to 10% on Your Money Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, we condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on our personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: CNBC: Rents for single-family homes just saw the largest gains in nearly 15 years Associated Press: World Bank sees 5.6% global growth in 2021, best since 1973 Businessweek: Can a $110 Million Helmet Unlock the Secrets of the Mind? Wall Street Journal: Fed Pencils In Earlier Interest-Rate Increase Barron's The Dollar Is Taking Off. What It Means for Industrial Stocks. Barron's Oil Could Get to $100 a Barrel. Here Are the Stocks to Play It Bloomberg: China Crypto Clampdown Sends Bitcoin Closer to Key $30,000 Level Wall Street Journal: Nasdaq Hits Record as Stocks Push Higher Axios: The small business boom CNBC: ‘We have a deal,' Biden says after meeting with Senate infrastructure group Bloomberg: The Best And Worst Places to Be as The World Finally Reopens Axios:Prices continued to rise in May, but inflation showed slight cooling New York Times: mRNA Vaccines May Offer Lasting Protection, Study Finds Wall Street Journal: Americans' Hunger for the World's Goods Drives Global Recovery Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
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If you're going to make informed decisions, financial or otherwise, it's important to get your facts straight – something you might not be achieving, depending on who you turn to for news.
More than a decade ago, the Christian Science Monitor recently ran a story called Are you smarter than a Fox News viewer? How about a CNN viewer? based on a survey conducted in 2010 by WorldPublicOpinion.org and Knowledge Networks.
I wrote an article about it, but not because of politics. I wrote it because investors need to be especially concerned about separating truth from fiction, and facts from opinion. Being uninformed or ill-informed as an investor can be expensive.
For example, here's one of the questions asked in the WorldPublicOpinion survey: It concerns the Great Recession, which began just before Obama took office.
As you know, the American economy had a major downturn starting in the fall of 2008. Do you think that now the American economy is: A. Starting to recover. B. Still getting worse.
This question was posed late in 2010. How would you have answered? More than half of overall news viewers thought the economy was still getting worse. But nearly three quarters of Fox viewers thought it was getting worse.
The truth? The economic recovery began in the third quarter of 2009, so it was into recovery mode in 2010, when this question was asked.
Many of the stocks I own today were purchased in the spring and summer of 2009, when the economy was bottoming out. Presumably those who thought the economy was getting worse were on the sidelines in their 401(k)s or other investments. I made a ton of money by accessing unbiased facts.
This is one of many examples of how slanted news, whether on the right or the left, can make otherwise informed investors uniformed.
That's what this week's "Money!" podcast is about. We're going to talk about how to determine whether the news you're consuming, financial or otherwise, is reliable enough to put your money where somebody else's mouth is.
Want more information? Check out these resources: Can Watching TV News Make You Stupid? Why House Hunters Shouldn't Watch HGTV's ‘House Hunters' Despite TV's Obsession With Pawnshops, They're Still Last Resort. Kiplinger: 7 Tips to Help Spot 'Fake' Financial News University of West Florida: Tips for Avoiding Fake News Cornell: Fake News, Propaganda, and Disinformation: Learning to Critically Evaluate Media Sources Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
hortly after Sept. 11, 2001, I began seeing collection boxes on various store counters in my neighborhood soliciting donations for a charity called "The Orphans of 9/11." Instead of dropping in my change, because I'm a consumer reporter, I called the charity to request their tax return.
Turns out that while the Orphans of 9/11 was a legitimate charity, they weren't collecting donations in my state and didn't use collection boxes at all. Someone had simply stolen their logo and fabricated the boxes. They'd been emptying them regularly for months, but I was the first person who attempted to verify they were legitimate.
When I called my local police department to report this despicable crime, they took a report but said they didn't have the manpower to stake out the boxes and catch the thief. Their advice: Go around my neighborhood and inform the merchants.
That's one simple scam I've uncovered in my decades reporting consumer news, but I've seen plenty more.
Want to learn the simplest methods to rip people off, or better yet, methods to avoid becoming a victim? That's what this week's "Money!" podcast is about. We're going to talk about at least six scams and how you can avoid them.
Want more information? Check out these resources: 6 Proven Ways to Make a Dishonest Living 10 Golden Rules to Avoid Getting Scammed Investor.gov: What You Can Do to Avoid Investment Fraud Investor.gov: Types of Fraud The Balance: Do You Know How to Avoid an Investment Scam? Investopedia: 6 Ways to Avoid an Investment Ponzi Scheme The Balance: Beware of These Top Bitcoin Scams Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Hosts: MoneyTalksNews MirandaMarquit.com
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer and novice investor Aaron Freeman.
Want more information? Check out these resources: Wall Street Journal: Battle Brews Over Banning Natural Gas to Homes CNN: Retailers plead with Biden to fix port congestion that has upended supply chains Wall Street Journal: From Tesla to GE, See How Much CEOs Made in 2020 Bloomberg: AMC Is New King of Meme Stocks, With a 2,900% Gain This Year Bloomberg: Building a Home in the U.S. Has Never Been More Expensive New York Times: The U.S. Economy Is Sending Confusing Signals. What's Going On? Wall Street Journal: Summer Job Market for Teens Is Sweet CNBC: Producer prices climb 6.6% in May on annual basis, largest 12-month increase on record Wall Street Journal: Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers Bloomberg: Cracks in the Housing Market Are Starting to Show Wall Street Journal: Covid-19 Delta Variant First Found in India Is Quickly Spreading Across Globe Wall Street Journal: U.S. Consumer Prices Rose Strongly Again in May Barron's Oil Breaks Through $70 a Barrel. Here's How It Could Keep Going Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course Miranda Marquit's website
Hosts: MoneyTalksNews MirandaMarquit.com
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
As you journey through life, you should be laying a financial foundation; one strong enough to provide security and a fulfilling, worry-free retirement.
How do you do it? Step by step.
When you're in your 20s, you're getting your sea legs; adapting to adulthood, learning financial responsibility and putting some money aside.
When you hit your 30s, it's time to get serious by developing a healthy retirement plan and emergency savings.
In your 40s you hitting your peak earnings years, understanding investing and starting to imagine what retirement life will be like.
Every decade of your financial life builds on the one before and culminates, hopefully, in bullet-proof savings and enough income to make life after work stress-free and fun.
If you start investing $100 per month when you're 25, and average an annual return of 10% (the average long-term return for stocks) when you reach 65, you'll have about $640,00.
That's what this week's "Money!" podcast is about. We're going to talk about essential money moves you should be making for every decade of your life; from your 20s to your 70s and beyond
Want more information? Check out these resources: 10 Money Moves You Need to Make in Your 20s 9 Money Moves You Need to Make in Your 30s Make These 5 Crucial Money Moves in Your 40s 12 Money Moves Everyone Should Make in Their 50s 11 Essential Money Moves to Make in Your 60s — and Beyond Forbes: 3 Financial Goals To Focus On In Every Decade Kiplinger: 11 Money Moves to Make in the Decade Before You Retire MarketWatch: Financial advice for the key decades of your life Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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When I explored topics for my first book more than 20 years ago, there was one that I couldn't ignore: Debt. I was compelled to write about how to avoid it and how to destroy it, becasue I'd personally experienced how creating debt holds you back and eliminating it sets you free.
The result was Life or Debt.
I've always believed debt is a cancer that destroys the financial fitness of far too many Americans. Sure, there's "good debt," like the kind used for an education, a home or maybe a business. But far too often, debt is what happens when desire meets easy credit. Result? Often, needless stress, derailed goals, ruined relationships and postponed retirements.
That's why I've served on the board of credit counseling services and why I've been preaching debt-free living for decades. Unlike achieving massive wealth, achieving a debt-free life is within the means of most people, and getting there requires a few simple steps; not easy steps, perhaps, but simple.
That's what this week's "Money!" podcast is about. We're going to talk about why it's important to avoid debt, the fastest methods to eliminate it, and how to stay debt-free for life.
Want more information? Check out these resources: 8 Surefire Ways to Get Rid of Debt ASAP How to Pay Off $10,000 in Debt Without Breaking a Sweat The Worst and Best Ways to Destroy Debt 7 Great Tools to Help You Get Out of Debt Get Help With Debt in Our Solutions Center Clark Howard: 20 ways to stay out of debt Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
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Which is the better investment; stocks or real estate?
Due to the unique nature of real estate, an apples-to-apples comparison is tough to make. But speaking from 40+ years of personal experience, I'd say both are important components of a well-balanced investment mix. I've made great long-term money with both.
Major difference: Stocks are easy to buy, sell and track. Real estate, on the other hand, has traditionally been anything but.
When you hear someone talking about investing in real estate, you probably imagine a hapless landlord, cleaning, painting, mowing and praying that their tenant can come up with the rent next month.
While that's not inaccurate -- I lived that version of the real estate investor in my younger days -- these days there are ways to invest in land and buildings that don't involve schlepping lawn mowers and paint cans. There are now real estate opportunities that don't require a boatload of cash, sweat equity or even much supervision.
That's what this week's "Money!" podcast is about. We're going to talk about all the different ways to invest in real estate, both traditional and cutting edge.
Want more information? Check out these resources: Is It Time to Buy Real Estate? 8 Ways to Invest in Real Estate for Retirement How to Invest in Real Estate for as Little as $500 Nerdwallet How to Invest in Real Estate: 5 Ways to Get StartedInvestopedia: 5 Simple Ways to Invest in Real Estate Motley Fool: 9 of the Best Ways to Invest in Real Estate Passive Income MD: 16 Different Ways to Invest in Real Estate Forbes: 9 Ways To Invest In Real Estate Without Buying Property Business Insider: How to invest in real estate — 6 ways that offer a chance to make money and build long-term wealth Money Under 30: How To Invest In Real Estate - The Smart Way To Get Started Kiplinger: The 13 Best REITs to Own in 2021 US News: 9 Best REITs to Buy for a Recession Investopedia: Top REITs for May 2021 Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Hosts: MoneyTalksNews MirandaMarquit.com
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: Axios: Inflation pressures keep rising Barron's Monthly Child Tax Payments of Up to $300 Will Begin July 15 Bloomberg: Fidelity to Allow Teenagers to Trade Stocks With No-Fee Accounts Wall Street Journal: Bitcoin Falls as Much as 30% as Investors Sour on Cryptocurrencies Axios: Central bank taper timelines start to come into focus Barron's: Bitcoin and Other Cryptocurrencies Had Another Crazy Week. Here's What Could Happen Next Wall Street Journal: Oil Majors Look to Fill Businesses' Growing Appetite for Green Power Bloomberg: Silicon Valley Wants Dogs to Live Longer So Humans Can, Too Wall Street Journal: U.S. Home-Price Growth Surges as Demand Overwhelms Supply Bloomberg: Amazon Agrees to Buy MGM Film Studio for $8.45 Billion Wall Street Journal: Biden Is Expected to Unveil $6 Trillion Spending Plan Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
Hosts: MoneyTalksNews MirandaMarquit.com
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If you've got money in the stock market and haven't checked your statements lately, you're in for a pleasant surprise.
In mid-March of 2020, the Dow Jones Industrial Average closed below 20,000. As I write this, a bit more than a year later, it's over 34,000. That's a gain of 70%. The tech-heavy NASDAQ index has done even better: It's nearly doubled.
But as they say, what goes up must come down. Maybe not today, maybe not tomorrow, but trees don't grow to the sky.
So, what's an investor to do? If you sell, you could be leaving money on the table. But if you don't, all those profits may one day seem like a pleasant dream.
While there's no perfect solution, there are some techniques to protect your profits, or at least prepare for the inevitable. That's what this week's "Money!" podcast is about. We're going to talk about some things you can do to keep from surrendering all those tasty gains.
Want more information? Check out these resources: 8 Ways to Protect Your Retirement Savings 15 of the Best Money Moves You Can Make in 2021 Motley Fool: 4 Strategies to Prevent a Stock Market Crash from Ruining Your Retirement US News: Protect Your Portfolio from a Market Crash Investopedia: 6 Ways to Prepare for a Market Crash US News: 7 Ways to Hedge Your Portfolio Against Volatility Newsweek: 10 Ways to Protect Your Portfolio From the Volatile Stock Market Nerdwallet: What to Do When the Stock Market Crashes Bloomberg: How Stock Traders Are Racing to Protect Gains Against Market Threats Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Hosts: MoneyTalksNews MirandaMarquit.com
Become a member: https://www.moneytalksnews.com/members/
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In the 40+ years I've been investing, I've made a few inspired moves and lots and lots of dumb ones.
Accentuating the positive and eliminating the negative is the key to success in investing, as well as most worthwhile endeavors in life. The question: How do we go about it?
The path most of us choose is the least efficient: stumbling around, making mistakes and gradually learning the habits and processes that most often result in success.
A better method? Learning from other peoples' mistakes rather than your own, and adopting habits that have been proven successful by those who came before you.
That's what this week's "Money!" podcast is about. We're going to discuss the 15 (at least) habits of highly successful investors.
Want more information? Check out these resources: The 10 Golden Rules of Becoming a Millionaire 28 Investing Tips From Today's Financial Geniuses 7 Secrets You Should Learn From 401(k) Millionaires Fidelity: 6 habits of successful investors US News: 7 Habits of Successful Investors Bloomberg: The 7 Habits of Highly Effective Investors Life Hack: 5 Habits of Highly Successful Investors CNBC: 6 habits of successful investors Charles Schwab: 7 Habits of Highly Effective Investors Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Miranda Marquit's website
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.
Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. I track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: Wall Street Journal: Americans Can't Get Enough of the Stock Market Bloomberg: Intel CEO Says Chip Shortage Will Persist for ‘Couple of Years' The Balance: Households See Record 21.1% Surge in Income in March Barron's: Buy U.S. Steel Stock Because a Supply Shortage Is Colliding With Demand CNBC: April's expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates CNBC: The global chip shortage is starting to have major real-world consequences Wall Street Journal: Tech Shares Weigh on Major Indexes Wall Street Journal: Credit-Card Debt Keeps Falling. Banks Are On Edge. CNN: Stocks tumble as surging prices rattle the market Wall Street Journal: Catholic Schools Are Losing Students at Record Rates, and Hundreds Are Closing CNBC: As the U.S. economy restarts from the pandemic, parts of it are severely broken Washington Post: Fuel shortages crop up in Southeast, gas prices climb after pipeline hack Bloomberg U.S. Consumer Prices Jump Most Since 2009, Outpacing Estimates Wall Street Journal: Stocks Extend Slide on Inflation Data CNBC: Another inflation gauge comes in hot with producer prices jumping 6.2% in April from a year ago
Axios: Elon Musk suspends Tesla purchases with bitcoin CNBC: Investors are being driven out of the flashy stocks into ‘boring' names as the economy grows Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
Hosts: MoneyTalksNews MirandaMarquit.com
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I've been investing for 40+ years, including 10 as a Wall Street financial advisor. If there's a mistake an investor can possibly make, rest assured I've made it.
As with most things in life, the fewer mistakes you make the better. But as opposed to other common tasks, mistakes in investing can have life-changing implications. For example, consider one of the prime mistakes investors make: underinvestment in stocks, or not investing in risk assets at all.
If you invest $500/month for 40 years and earn 5% -- a return you'd be lucky to get at the bank -- you'd end up with about $725,000.
If you invest $500/month for 40 years and earn 10% -- the historical return from stocks over the last hundred years -- you'd end up with $2,700,000.
I'd consider a couple of million bucks life-changing. Wouldn't you?
Risk management is one common investor screw-up, but there are plenty more, and we're going to cover as many as possible in this week's "Money" podcast.
Want more information? Check out these resources: 13 Dumb Investing Moves — and How to Avoid Them 7 Top Costly Mistakes Investors Made Last Year 5 Mistakes That Will Ruin Your Investment Returns Investopedia: Avoid These 8 Common Investing Mistakes CFA Institute: 20 Investment Mistakes to Avoid (pdf) FirstMetric: 50 Investment Mistakes You Must Avoid Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple
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Imagine if you had a time machine. Knowing what you know now, you could take a trip to the past and buy Apple, Amazon and Bitcoin for pennies. You'd turn $500 into countless millions.
While I don't have a time machine you can borrow, I can offer you the next best thing: a look into the future and into the companies that will potentially thrive and potentially make you a ton of money.
Want more information? Check out these resources: Kiplinger: 15 Stocks to Buy Today for Tomorrow's Innovations Motley Fool: Investing in AI Stocks Investopedia: Best AI ETFs for Q2 2021 Yahoo: 12 Best Genomic Stocks to Buy Now Investopedia: Top Biotech Stocks for Q2 2021 Motley Fool: Buy These 3 Stocks to Cash In on the Genomics Revolution US News: 7 Space Stocks and ETFs to Watch Motley Fool: Investing in Top FinTech Companies MarketWatch: 9 fintech stocks to invest in this year US News: 7 Renewable Energy Stocks and ETFs to Consider Motley Fool: Investing in Renewable Energy Stocks Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple
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Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. I track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: Wall Street Journal: Landmen Who Once Staked Claims for Oil and Gas Now Hunt Wind and Sun Wall Street Journal: Top Republican Says Senate GOP Could Be Open to Smaller Infrastructure Bill CNN: Remote workers can get paid $12,000 to move to West Virginia Bloomberg: House Passes Marijuana Banking Bill With Bipartisan Support Marketwatch: Stock-market sentiment shifts after investor euphoria pushed U.S. equities to record highs Barron's: Company Insiders Are Selling Stocks. Others Are Buying. What That Means for the Market. Marketwatch: Is the U.S. housing market heading for a crash? Here's what the experts say Bloomberg: India Records World's Highest One-Day Surge in Covid Cases CNBC: Supreme Court limits the FTC's authority to return money to consumers duped by deceptive business practices Barron's This Bull Market Is Far From Over, Pros Say. Where They're Investing Now Barron's: Inflation Is Coming. 5 Stocks to Buy Now. Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
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Imagine retiring with your savings earning a nice, fat 20%. Not only that, the income from your account would increase every year. Finally, there's a good chance that in addition to those nice interest checks, your principal could also swell over time.
Sound too good to be true? It isn't. If you're willing to take a measured amount of risk, and give it some time, you can create a savings plan that will pay you a stable, growing income during your retirement years, and maybe grow your principal at the same time.
I've been using this investment idea for more than 10 years now, and I'm not only earning 10, 20, even 60% income on my original investments, my principal has shot skyward.
What is this magic investment? It's nothing complicated. In fact, it's as old as investing itself.
Want more information? Check out these resources: The Pros and Cons of Dividend Stocks for Retirement Savings How Dividend Stocks Can Help You Beat the Bank Ask Stacy: Which Is Better — Dividend or Growth Stocks? Kiplinger: 15 Dividend Kings CNBC: 10 dividend stocks that could benefit from Biden's capital gains tax proposal Kiplinger: 25 Dividend Stocks the Analysts Love Most for 2021 Nerdwallet: 25 High-Dividend Stocks and How to Invest in Them Kiplinger: 10 High-Yield ETFs for Income-Minded Investors Dividend Aristocrats list Fractional investing apps we mentioned: Stash, Robinhood, Stockpile, One Finance Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple
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If you've been paying attention to the news this year, especially money news, you know there's been a lot of talk about inflation. There's been an avalanche of articles with titles like U.S consumer prices surge in March, CPI finds, pushing inflation to 2 1/2-year high and Consumer prices rise more than expected, pushed by 9.1% jump in gasoline.
Inflation, otherwise known as rising prices, can wreak havoc on any budget, but hits retirees especially hard. Not only can inflation stretch a spending plan, but one of its side effects is rising interest rates: good for savers, but often bad for stocks.
So, what's a saver, especially one close to retirement, supposed to do? Is inflation here to stay or is this just a temporary blip?
That's the topic of this week's "Money!" podcast. We're going to explore some ideas, and see what, if anything, we need to do to protect ourselves and our savings.
Want more information? Check out these resources: Inflation Fears Are Surging — Should You Be Scared, Too? 5 Ways Retirees Can Lower Their Inflation Risk How to Earn More Money on Your Savings 15 Ways You Can Deflate Inflation 11 Passive Income Ideas to Help You Make Money in 2021 Bloomberg: Inflation Is Coming. That Might Even Be a Problem New York Times: How Not to Get Fooled by the New Inflation Numbers Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
Hosts: MoneyTalksNews MirandaMarquit.com
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Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. I track everything that's happening every day. And every couple of weeks, I condense it all and report everything you need to know in a special edition of the "Money!" podcast.
In addition to recapping the news, we check in on my personal investments, and discuss ideas and suggestions to make you smarter and richer, all without boring you to death in the process.
Want more information? Check out these resources: New York Times: Air Travel Is Already Back to Normal in Some Places Barron's: Forget Higher Interest Rates. This Could Kill the Bull Market. Bloomberg: Yellen to Urge Global Minimum Company Tax to Stop Venue-Hopping Bloomberg: Retailers Seen Closing Thousands of Stores Even After Pandemic Barron's: Earnings Season Is Coming. Get Used to Disappointment. Axios: The stock market may be getting too hot Axios: 2021 Saw More Inflows to Stocks Than the Past 12 Years Combined New York Times: The Biden Boom Is Already Wild New York Times: Consumer Prices Rose Faster Than Expected in March Barron's: Tax Cheats Cost the U.S. Far More Than Previously Thought Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
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When I became an investment adviser more than 40 years ago, there were a few tried and true rules for where to put your long-term savings. For example, subtracting your age from 100, then putting that percentage of your assets into stocks, the rest into bonds.
Another popular rule was the 60/40 rule: 60% of your savings in stocks, 40% in bonds. The idea was to achieve growth with the stock portion, and income with bonds.
These simple ideas worked for generations. But they don't work so well anymore. Why? Because bonds are no longer a safe, reliable income-producing asset. Interest rates are laughingly low, and should rates rise (about the only direction they can go from here) bonds, especially long-term bonds, will take a sizable hit. (Bond prices move inversely to interest rates.)
So, what should investors be doing, especially those approaching retirement? That's the topic of this week's "Money!" podcast. We're going to explore some ideas, see if the 60/40 formula is truly dead, and if so, what we should be doing instead. Our special guest is Roger Whitney, star of the Retirement Answer Man podcast and president of Agile Retirement Management.
Want more information? Check out these resources: How to Earn More Money on Your Savings Marketwatch: Should I still use the 60/40 investing rule for retirement? Money.com: What Rising Interest Rates Mean for Your Bond Funds (Hint: It's Gonna Hurt) Bloombergr: Death of 60/40 Portfolio Makes Returns Harder for Funds Investopedia: Why a 60/40 Portfolio Is No Longer Good Enough Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
Hosts: MoneyTalksNews MirandaMarquit.com
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Not too long ago, a conservative investor could easily earn 5% in an insured bank account, or 8% on risk-free Treasury bills.
But as today's savers are only too well aware, those days are long gone. Today banks are paying nothing, or close to it. And Treasury notes? Agree to lock up your savings for 10 years, and Uncle Sam will still offer you less than 2%.
So what's a saver, especially one close to retirement, supposed to do?
That's the topic of this week's "Money" podcast. We're going to explore some ideas, and see what we can earn by sticking our necks out a little, but not too much.
As usual, my co-host will be financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman, and our special guest is Roger Whitney, star of the Retirement Answer Man podcast and president of Agile Retirement Management.
Want more information? Check out these resources: 4 Ways to Get Better Returns Than CDs How to Earn More Money on Your Savings 11 Passive Income Ideas to Help You Make Money Ask Stacy: How Can We Earn More on Our Savings? Money Talks News Savings Search Tool Kiplinger: 15 Dividend Kings Kiplinger: 25 Dividend Stocks the Analysts Love Most for 2021 Kiplinger: 10 High-Yield ETFs for Income-Minded Investors Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
Hosts: MoneyTalksNews MirandaMarquit.com
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Nearly every day there's news that affects you and your money. From politics and taxes to markets and interest rates, things are happening that affect your savings and your future -- so many things, in fact, it's hard to keep up with them all.
Problem solved. We'll track everything that's happening every day. And every other week or so, we'll condense it all and report everything you need to know, and nothing you don't, in a special edition of the "Money!" podcast.
We're going to recap the news, check in on my personal investments, and generate some ideas and suggestions to make you smarter and richer, all without boring you to death in the process!
As usual, my co-host is financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman.
Want more information? Check out these resources: Axios: Hedge Fund Disaster Roils Markets Bloomberg: Rising Mortgage Rates Are Starting to Become a Problem Barron's: Cathie Wood's Space ETF Barron's: 5 Reasons to Get Defensive on Stocks CNBC: Jobs report blows past expectations Money Talks News' savings account search tool Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
Hosts: MoneyTalksNews MirandaMarquit.com
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A 2014 Pew Research Center study asked 2,000 experts about how technologies like robotics and artificial intelligence (AI) would affect jobs. About half said a significant number of jobs, both blue and white-collar would be gone, potentially resulting in massive unemployment, income inequality and a complete breakdown of social order.
While we're used to factory jobs being lost, the rise of AI will be vastly more far-reaching. In 18 Jobs That Are Most Likely to Be Killed off by Computers, we listed jobs in jeopardy ranging from equipment operators to physicists. Computers equipped with AI are now even writing articles like this one, so journalism jobs could also one day follow dial phones and camcorders into history.
But it's not all doom and gloom. Some futurists are suggesting that by letting robots and AI handle much of the work that humans currently do, the new economy could provide a universal guaranteed income, thus freeing humans to be more creative and productive.
So which is the likely outcome: Dystopian hellscape or a free-money Nirvana? That's what we're going to explore in this week's "Money!" podcast.
As usual, my co-hosts will be financial journalist Miranda Marquit and producer Aaron Freeman. Our special guest for this episode will be Dr. Anthony P. Carnevale, Professor and Director of the Georgetown University Center on Education and the Workforce.
Want more information? Check out these resources: 18 Jobs That Are Most Likely to Be Killed off by Computers 5 Ways to Outsmart the Robots That Are Stealing Our Jobs What Happens If Artificial Intelligence Puts Us All Out of Work? Organization for Economic Cooperation and Development: The Risk of Automation for Jobs in OECD Countries McKinsey Global Institute: Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation Fast Company: How Soon before Your Job Is Done by a Robot? Oxford University: The Future of Employment: How Susceptible Are Jobs to Computerisation? Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
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magine you bought 100 shares of stock at $1 per share 10 years ago, back in 2011. And say your stock did exceedingly well, compounding at 20% per year. Result? Your $1,000 original investment would be worth $6,192; six times what you put in. Well done!
Now imagine that instead of stock, you'd put the same $1,000 into Bitcoin 10 years ago. What would that be worth today? As I write this, about $55 million.
That's right. One bitcoin went for as little as $1 back in 2011 and today (March 17, 2021) they're changing hands at more than $55,000. Bitcoin rose more than 200% per year, every year for the last 10. Ever heard of anything like that?
Me neither.
Depending on who you talk to, bitcoin is smoke and mirrors -- a complete hoax -- or it's an investment that's still in its infancy. Think today's price is insane? There are folks who think it will one day be worth more than $1 million.
So, what's an investor to do? Jump on board before the train completely leaves the station? Invest in other, less expensive crypto-currencies? Or should you simply run the other way?
That's what we're going to attempt to determine in this week's "Money!" podcast.
Want more information? Here's additional reading: Ask Stacy: Should I Buy Bitcoin? New York Times - What is a Blockchain? Is It Hype? Business Insider - A crypto 'fear and greed' indicator is flashing a warning signal that shows investors are being greedy as top cryptocurrencies hit record highs MarketWatch - Don't fall for the bitcoin bubble, even the Flintstones had a better system, warns economist Nouriel Roubini CNBC - Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say Forbes - Bitcoin Crash 2021: What Next? Business Insider - An early bitcoin investor says the best time to buy is when nobody's talking about it - and warns this isn't the first crypto bubble University of Melbourne: Behind the Bitcoin Bubble US NEWS - 10 Ways to Keep Your Cryptocurrency Safe Consumer Reports - How Safe Is Bitcoin, Really? Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple cours
Hosts: MoneyTalksNews MirandaMarquit.com
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I've been offering financial advice professionally for 40 years, since I started work as an investment adviser in 1981. I'm also a millionaire several times over.
During my time in the trenches, I've heard every conceivable piece of financial advice, acted on many and offered a few of my own.
In this week's "Money" podcast, we're going to explore the best of the best — a few simple techniques you can use that will absolutely, positively make you richer and quite likely, a millionaire.
Don't expect some magic formula; there isn't one. What there are, however, are proven techniques that worked for me and will work for you as well.
Want more information? Check out these resources: The 10 Golden Rules of Retiring Rich 18 Keys to Retiring Earlier Than Your Peers 5 Simple Steps to an Awesome Retirement The Only Retirement Guide You'll Ever Need 7 Mistakes Guaranteed to Ruin Your Retirement Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course CNBC: 10 money rules that helped me become a millionaire at 28 Forbes: How To Become A Millionaire Bankrate: How to become a millionaire: 7 steps to reach your goal Entrepreneur: 10 Tips to Become a Millionaire This Year Entrepreneur: 11 Ways Successful People Think Differently Than You
Hosts: MoneyTalksNews MirandaMarquit.com
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Having money in a rapidly rising market, especially if it's lots of money, can make you feel rich. On the other side of that sword, however, is the panic you feel when things start coming apart.
I've been investing in stocks for 40 years, and I don't recall a time more volatile than what we've endured in the last year, and especially over the last couple of weeks.
Last February, the Dow Jones Industrial Average was at about 30,000. A few weeks later in mid-March, it dipped below 19,000, a head-spinning decline of 37%. And since that time, it's been on a tear. We regained, then exceeded, Dow 30,000, and it's been mostly in a straight line, except for a few quick, minor dips.
Until recently, that is. One day the market is up 500, the next down 700. It's been a roller coaster, with some of the biggest bubble stocks (e.g. Tesla) down 20% or more from their highs.
What's going on? Well, if you listened to the podcast we recorded January 28 of this year, Is the Stock Market in a Dangerous Bubble?, you'd know exactly what's happening. In that episode, I told you to watch for rising interest rates, because rising rates are often the pin that pops a stock bubble. And rising rates are what's behind the recent market mayhem.
At the end of January, the rate on the 10-year Treasury bond was barely above 1%. Now it's above 1.5%. Still low, but that's a 50% move in a little more than a month.
I also told you in the same podcast that the stocks most vulnerable to market corrections would be the highest flyers, like Tesla and big tech stocks. That too was sound advice. As rates have recently risen, these are the stocks that have been hammered the most.
So that's where we are and where we've been. The question now is, where are we going? That's what we're going to attempt to determine in this week's "Money!" podcast.
Want more information? Here's additional reading: Motley Fool: Investing in Value Stocks Nerdwallet: Growth vs. Value Investing Bloomberg: Tech Stocks Lose $1.6 Trillion in Worst Streak in Six Months Bloomberg: Crash Landing on Stock Heroes of Yesteryear Is Worst in a Decade Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
Hosts: MoneyTalksNews MirandaMarquit.com
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After exhausting debate, The American Rescue Plan Act of 2021 is finally about to be signed into law.
The legislation was passed on a strict party line basis. Every democrat voted for the bill; not a single republican joined in.
Whether you feel the package is an economic necessity (most democrats) or a spectacular waste of taxpayer money (most republicans), there's one thing we can all agree on: It's very long (nearly 600 pages), it's complicated, and it's costly: close to $1.9 trillion. Here's what that looks like as a number: $1,900,000,000,000. (According to Kiplinger, just $1 trillion would buy nearly 42 million cars, pay 18 million teachers for a year, or Lebron James for 50,000 years.)
So where's all this money going? That's what we're going to attempt to determine in this week's "Money!" podcast.
Want more information? Here's additional reading: Motley Fool: Investing in Value Stocks Nerdwallet: Growth vs. Value Investing Bloomberg: Tech Stocks Lose $1.6 Trillion in Worst Streak in Six Months Bloomberg: Crash Landing on Stock Heroes of Yesteryear Is Worst in a Decade Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
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When my wife and I joined households 11 years ago, we combined our kitchen stuff, our furniture, our linens and just about everything else. The one thing we didn't combine? Our money.
When it comes to money, she does her thing and I do mine. About the only time our money meets is on our joint tax return.
This is the system that works for us, although it likely wouldn't work for everyone. That's the thing with money and relationships; there's no right answer. Anyone who tells you there's only one correct way to mix money and marriage, and there are plenty of "experts" who do, is just plain wrong. The one thing that's universally true is that money secrets are bad. My wife and I don't combine our money, but we do discuss it. Often.
Whether you've been together for 30 months or 30 years, avoiding talking money puts your relationship at risk. This is especially true if you combine your finances and have different money "personalities" (spender or borrower vs saver or investor) and even more critical if finances are tight.
To nobody's surprise, money routinely surveys as a major source of stress.
So when, and exactly how, can we discuss money with our significant others without causing friction? How do we get on the same page and stay there? Or are differences about money just something couples have to learn to live with?
In this week's "Money" podcast, we're going to find answers to these questions, as well as many more. Our guest is best-selling author and award-winning speaker Tarra Jackson, also known as Madame Money.
Want more information? Check out these resources: 10 Things You Should Know about Joining Finances in Marriage 8 Key Steps to Planning for Retirement as a Couple 6 Ways to Get Your Spouse to Save More Money Living Together but Not Married? 5 Important Things to Know Business Insider: 8 ways to talk to your partner about money, according to experts Money Under 30: How To Have 'The Talk': 6 Tips For Couples Discussing Finances Mint Life: How to Talk Money in a Relationship: Dos and Don'ts NBC News: The 3 money conversations you and your partner need to have Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
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Not long ago, the phrase "working in retirement" was an oxymoron, much like "bittersweet," "act naturally" or "hot water heater." After all, if you're working, you're by definition not retired.
But that was then. These days, working at least part-time while retired is increasingly common. According to one recent survey quoted in Forbes, 27% of pre-retirees said they planned to work part-time in retirement and among retirees, 19% are working part-time.
Why so much working during retirement? More likely than not, because of money. As we explained in articles like 8 Reasons Your Parents Had an Easier Retirement Than You Will, pensions are rapidly disappearing, replaced by much less reliable accounts like IRAs and 401(k)s. And as retiree income is falling, costs are rising.
On the plus side, however, while more retirees may be forced back into the workplace to make ends meet, there are more ways than ever to bring in a bit of extra bacon.
In short, in my parent's generation, retirement meant not working at all. But for us Boomers, retirement is morphing into something different. It's not about doing nothing. It's about being productive and making money, but by doing what you want to do, rather than what you have to do.
What kind of work will today's (or tomorrow's) retiree look forward to doing? Will it be easy to find pleasant, lucrative work? Should we start long before we retire?
In this week's "Money" podcast, we're going to find answers to these questions, as well as many more. Our guest is author and super-popular podcaster Paula Pant from Afford Anything. Smart, funny and knowledgeable, you'll have a good time listening to her.
Want more information? Check out these resources: 7 Tips for Getting a Great Part-Time Job in Retirement 10 Stats About Working in Retirement This Job Board Specializes in Remote Work and Flexible Gigs 5 Reasons You Should Work for as Long as You Live 15 Jobs for Retirees That Can Be Done From Home 8 Signs That It's Time for You to Unretire AARP: Job Search Resources for 50+ Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
Hosts: MoneyTalksNews MirandaMarquit.com
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Here we go again; tax time has officially begun.
If you're getting a refund, you need to file ASAP. There's no reason to offer Uncle Sam an interest-free loan.
But before you file those taxes, it will pay -- literally -- to make sure you've gotten every deduction and credit you're entitled to. After all, if you're in the 24% tax bracket, every $100 you deduct is $24 in your pocket. And every $100 credit is worth $100.
That's what we're going to help you do in this week's "Money!" podcast. We're going to help you find ways to legally lower your income tax bill, as well as answer some common questions. For example, do you know if your stimulus payment has to be reported as income? If you didn't get the stimulus payment you were titled to, can you claim a credit? Is unemployment taxable? Is qualifying for next stimulus payment going to be based on your 2019, or 2020, income?
We're about to find the answers to these and lots more questions.
Want more information? Here's additional reading: 10 Ways Your Income Taxes Will Be Different in 2021 Turbot: The 10 Most Overlooked Tax Deductions Investopedia: The Most Overlooked Tax Deductions MoneyCrashers: List of 14 Commonly Overlooked Personal Tax Deductions & Credits for Individuals Jackson Hewitt: Top 50 Most Overlooked Deductions CNBC: This tax pitfall could affect millions due to Covid. Here's what you need to know Dave Ramsey: Tax Season 2021: What You Need to Know CNN: 2020 taxes: Everything you need to know about filing this year New York Times: Your 8 Most Vexing Tax Questions, Answered New York Times: Is My Stimulus Payment Taxable? And Other Tax Questions Subscribe to the Money Talks News newsletter Take our course:The Only Retirement Guide You'll Ever Need Take our course: Money Made Simple
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On January 1, 2021, I became one of the millions of Americans enrolled in Medicare.
The process of joining the 44 million Americans now enrolled in our national health insurance system for seniors wasn't the hardest thing I've ever done, but it was no walk in the park, either. The Medicare system, including options like Medicare Advantage plans and Medigap policies, have lots of moving parts.
First, you have to sign up with the Social Security Administration if you have yet to start claiming Social Security benefits. You apply, then have a (virtual) meeting with a government employee. Along the way, you have to consider what's covered by Medicare, what's not covered and what's partially covered.
And if you're considering a Medicare Advantage plan or Medigap -- which are offered by private insurance companies approved by the federal Medicare program -- you have to compare features within those as well and deal with the agents selling them.
In short, there's a lot to know. Which makes this topic perfect for a podcast.
For this week's "Money!" podcast, we were lucky to secure a couple of genuine experts. The first is Rebecca Kinney, director for the Administration for Community Living's Office of Healthcare Information and Counseling. Also joining us is Maggie Flowers, the program manager for the State Health Insurance Assistance Programs.
These ladies not only provided the facts, they did it in simple terms and even made it interesting.
Want more information? Check out these resources: "Most Seniors Are Making This Medicare Mistake" "14 Things That Are ‘Free' With Medicare" "How to Pick the Best Medicare Supplement Plan in 4 Steps" "4 Pitfalls for First-Time Medicare Enrollees" "8 Extra Benefits in Most Medicare Advantage Plans for 2021" SHIP Technical Assistance Center: www.SHIPTACenter.org ACL’s page: www.acl.gov Medicare.gov More Medicare articles from Money Talks News The Money Talks News newsletter Our The Only Retirement Guide You'll Ever Need course Our Money Made Simple course
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Whenever there's a new president, things happen. Laws get passed. Priorities change. And lots of those new laws and many those new priorities end up affecting your wallet.
Joe Biden has certainly hit the ground running. While he's yet to get new legislation passed, it won't be long before he'll start trying. So now's the time to see what's potentially ahead. Already proposed are big changes in tax law, student loans, 401(k) rules, healthcare costs, Social Security and lots more.
Ready to learn about changes that might affect your family finances? Then you're in the right place, because that's what this week's "Money!" podcast is about: exploring what the Biden administration has in mind for your money, and how best to position yourself.
Want more information? Here's at what other financial experts have predicted for this year: What Homeowners and Buyers Should Expect Under Biden 5 Ways Joe Biden Wants Social Security to Change NextAdvisor: 5 Ways Joe Biden's Presidency Will Affect Your Money – and How to Act Now LA Times: How Biden's orders could affect your work and finances NerdWallet:How the Joe Biden Presidency Could Impact Your Money DaveRamsey: Joe Biden's Policies and How They Could Impact Your Money Kiplinger: 20 Best Stocks to Buy for the Joe Biden Presidency CBS News: What a Biden presidency means for your wallet US News and World Report: 6 Changes for Your Finances Under President Biden Kiplinger: 12 Ways the Biden Stimulus Package Could Put (or Keep) Money in Your Pocket Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
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Investing in stocks can be emotionally draining. You're obviously nervous when stocks are falling, but when times are good -- and they've been very good lately -- you're worried the fat lady is warming up in the wings.
The later scenario is where we find ourselves today. By virtually any historical measure, valuations are stretched, stocks are overvalued, the markets are frothy and speculation is running rampant.
There's no question stocks are expensive. The problem? They could easily get more expensive before the bottom drops out. Bubbles can run for months, even years, before they finally pop.
So what's an investor to do? That's what this week's "Money!" podcast is about: deciding whether we're experiencing a dangerous market bubble and, if so, what we should be doing about it.
As usual, my co-host will be financial journalist Miranda Marquit and our producer, sound effects guy and participant is Aaron Freeman.
Want more information? Here's at what other financial experts have predicted for this year: Yahoo: Warren Buffett Warns: Market Is on the Verge of a Terrible Crash Yahoo: Strategists see more stock market gains through the end of the year Motley Fool: The Stock Market's Telltale Crash Signal Is Back CNBC: The stock market may be pricey, but it's nothing like the genuine market bubbles of the past Business Insider:Warren Buffett's favorite market indicator hits 13-year high, signaling global stocks are most overvalued since the financial crisis Financial Times: Why there is no stock market bubble Business Insider: The stock market is in a bubble that is being fueled by the policies out of DC, BofA warns Morningstar: A Stock Market Bubble Is Forming CNBC: Stocks and bitcoin are massive bubbles, long-time bear David Rosenberg warns Bloomberg (subscription): No One Knows If the Market Is Too High—But Your Emotions Probably Are Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
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It's amazing how many people wait till the last minute to do their holiday shopping. It's not like it's a surprise. It's as inevitable as the sunrise, yet they don't prepare in advance.
Planning for your death is the same way. If there's one thing we all have in common, it's that one day, we're all going to die. Yet, according to a recent Merril Lynch survey, nearly half of Americans over 55 don't have a will.
Eveyone should have essential estate planning documents. They're easy to find, cheap to produce and the whole process is faster and easier than Christmas shopping.
That's what this week's "Money!" podcast is about: how to know what you need, how to find it and how much it costs. Even if you've already taken the necessary steps, listen to it anyway: It's a good refresher.
Ready to get your house in order with the least possible hassle? This podcast is for you.
As usual, my co-host will be financial journalist Miranda Marquit and our producer, sound effects guy and participant is Aaron Freeman.
Want more information? Check out these links: 8 Documents That Are Essential to Planning Your Estate 17 States With Inheritance or Estate Taxes — or Both How to Create a Meaningful Legacy for Your Loved Ones Extreme Financial Makeover: 30 Moves in 30 Days What Happens to Your Email and Social Media After You Die? How Do I Choose an Executor for My Will? Should I Prepay My Funeral? Do I Really Need a Will? Is Fear of Death Hurting Your Retirement Nest Egg? Ask Stacy: Can I Put Together My Own Will? Have You Got The Power … of Attorney, That Is? Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course
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Ever since I wrote my first book nearly 20 years ago, Life or Debt, I've been trying to guide readers and viewers to a debt-free life. Why? Because debt is like a cancer that eats away at your financial future. The money you pay to use other people's money -- aka, interest -- is money that's not around to help you reach your financial goals.
Destroying debt is easier said than done, but whether you carry a small balance on your credit card or have a million dollar mortgage, there are specific steps you can take to become debt-free at the earliest possible moment.
In this week's "Money" podcast, we're going to find out what they are. As usual, my co-host will be financial journalist Miranda Marquit and producer Aaron Freeman.
Links: MTN: 8 Surefire Ways to Get Rid of Debt ASAP MTN: How to Pay Off $10,000 in Debt Without Breaking a Sweat MTN: 7 Great Tools to Help You Get Out of Debt MTN: The Worst and Best Ways to Destroy Debt MTN Solutions Center Debt Help Fool.com: 10 Creative Ways to Pay Down Debt
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Predicting the future is a tricky endeavor, but if you're going to succeed as an investor, it's important to try. Because stock prices are nothing more than the present value of future earnings, and those earnings often hinge on the direction of the economy.
That's what today's podcast is about: Reading the tea leaves to predict what's going to happen to stocks and housing in 2021. We recorded it one day after the insurrection at the Capitol and the Democratic takeover of the US Senate.
Think stocks will continue to shine in 2021? Will rates rise? Will the housing market continue to march higher? Nobody knows, but we're ready to take some educated guesses.
As usual, my co-host will be financial journalist Miranda Marquit.
Want more information? Here's a bunch of articles from a bunch of sources. Forbes: 2021 Stock Market Outlook Kiplinger: Expect Above-Average Gains in 2021 MarketWatch: 5 high-growth themes and the stock-market ETFs that can deliver big gains in 2021 Forbes: The Best Stocks To Buy In 2021 Kiplinger: The 21 Best Stocks to Buy for 2021 Kiplinger: 21 Best Retirement Stocks for an Income-Rich 2021 Motley Fool: 10 Top Stocks That Will Make You Richer in 2021 JPMorgan:Will the U.S. Housing Market Boom Continue in 2021? Forbes:Experts Predict What The Housing Market Will Be Like In 2021 Reuters:Global housing markets face tougher year in 2021 Realtor.com:2021 Economy: Overview and Forecast HousingWire.com: 2021 housing market forecast: It's about politics, not economics Subscribe to the Money Talks News newsletter Take the Money Made Simple Course
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Whether you plan to spend your retirement sitting on the front porch or traveling the world, one thing's for sure: You're going to need money. In fact, you're going to need enough savings and/or income to keep you alive and well potentially for decades.
But exactly how much is that?
There's no one answer to this most critical of questions, because how much you'll need depends on a variety of factors, from where you live to the lifestyle you plan on living. But while there's no definite answer, there are ways to home in on the number you should shoot for based on your personal situation. In this week's "Money!" podcast, we're going to give you some tools to help you find your number.
As usual, my co-host will be financial journalist Miranda Marquit. And joining us this week is special guest Len Penzo of LenPenzo.com. Len's an engineer who's mastered the math. Proof? He's about to retire at age 57.
Links: The 10 Golden Rules of Retiring Rich 18 Keys to Retiring Earlier Than Your Peers 5 Simple Steps to an Awesome Retirement The Only Retirement Guide You'll Ever Need 7 Mistakes Guaranteed to Ruin Your Retirement 5 Reasons Online Calculators Don’t Add up Click Here for the Free Money Talks News Newsletter!
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Losing weight, exercising more, spending less, paying down debt: all common New Year resolutions many make, but few stick to.
Changing the habits of a lifetime isn't easy. But using a few simple tools makes it a lot more likely.
In this week's "Money" podcast, we're going to explore some wealth-creating New Year resolutions, and more important, we're going to talk about some ways to get on track and stay there. Who knows? This could be the year you finally build that emergency fund, plan for a successful retirement, destroy that debt or otherwise make yourself wealthier. And just maybe you'll find that by doing it right, you'll gain without pain!
Want more information? Check out these resources: Beware These 5 Sneaky Credit Card Company Tricks Credit card search tool Money Made Simple: (Money Talks Course) Nerdwallet: Credit Card Secrets You've Never Known—But Should Huffington Post: 5 Credit Card Secrets the Banks Don't Want You to Know Wisebread: The Dirty Secrets of Credit Cards Credit Karma: 6 little-known credit card tips that could help your credit health Click Here for the Free Money Talks News Newsletter! Financial Guide Books (MTN Store)
Hosts: MoneyTalksNews MirandaMarquit.com
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When my parents retired, they were set.
They both had good pensions, and their savings were mostly in 8%, risk-free Treasury bills. They had few interests outside of church, gardening and some inexpensive travel, so that's how they spent their time, and their money.
Now that I'm approaching retirement, things couldn't be much different. I'm 65 and have no intention of puttering around the house. I can think of a lot more productive ways to spend my time, including doing things to earn money, since it's unlikely my expenses will drop. I don't have a pension or T-bills, and if I did, they'd be paying a tiny fraction of what my parents earned on the same investment.
In short, my "retirement" will be nothing like my parents' and it's likely yours won't be either. We're living longer, are less sedentary, have less stable retirement incomes and are more likely to be investing in riskier stuff simply to make ends meet.
In this week's "Money" podcast, we're going to talk to Alison Carnie, CFP, Director of Trust Services at brokerage firm Edward Jones. They recently conducted a study called the 4 Pillars of the New Retirement outlining the new challenges facing today's (and tomorrow's) retirees.
As usual, my co-host will be financial journalist Miranda Marquit.
Sit back, relax and listen to this week's "Money" podcast!
Links: 5 Simple Steps to an Awesome Retirement The Only Retirement Guide You'll Ever Need 7 Mistakes Guaranteed to Ruin Your Retirement 4 Pillars of the New Retirement from Edward Jones
Hosts: MoneyTalksNews MirandaMarquit.com
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Hey Money! listeners if you have a question, topic or life lesson you want to share with everyone, leave us a voice message by calling 1-833-669-8557 then press 0 to leave a message. We'd love to hear from you.
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For more than half of Americans, Social Security will be providing more than half of their retirement income.
Since Social Security is a government program available to virtually all Americans, you'd think there would be no secrets to "game" the system: no tips or tricks that could result in bigger monthly checks.
But there are things you can do to squeeze more out of the Social Security program, especially if you have a spouse who's also eligible. Claiming at the right time, for example, can lead to thousands more in monthly payments over your lifetime.
In this week's "Money" podcast, we're going to explore techniques to maximize your Social Security. We're also going to talk about whether our younger listeners should expect to receive the benefits when their time arrives.
As usual, I share the broadcast booth with longtime financial journalist and fellow podcaster Miranda Marquit. Joining us this week is Jeff Miller, a former professor of economics at Gallaudet University, and founder of Social Security Choices, a company providing personalized reports to help consumers decide when to claim Social Security in order to maximize lifetime income.
Links: 13 Ways to Get More Social Security A Simple Way to Maximize Your Social Security 5 Simple Steps to an Awesome Retirement The Only Retirement Guide You'll Ever Need
Hosts: MoneyTalksNews MirandaMarquit.com
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Can you really invest an hour today and find yourself $1,000 richer next year? Absolutely.
Take taxes, for instance. Much of what you can do to lower your tax bill has to be done before December 31. There are exceptions: For example, you can fund an IRA up until the day you file your taxes. But when it comes to things like batching or prepaying deductible expenses and using up your flexible spending account, once the year is over, so is your opportunity to lower your tax bill.
In this week's "Money" podcast, we're going to talk about a few things you should do before the year is out that can make next year less taxing, as well as other end-of-year planning tips and organizational tricks.
Links: 5 Year-End Moves to Make Now and Save Big at Tax Time 10 Ways Your Taxes Will Change in 2021 10 Smart Year-End Money Moves You Can Make During Commercial Breaks
Hosts: MoneyTalksNews MirandaMarquit.com
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We're approaching that special time of the year; the time when we blow our budgets and buy everything that isn't nailed down.
Whether you're planning on doing your holiday shopping online, in stores or both, here's some good news: You don't ever have to pay retail again. For anything. Ever.
In this week's "Money" podcast, we're going to explore techniques -- some old, some new -- to save on everything you ever buy.
Links: 12 Ways to Never Pay Full Price for Anything 15 Golden Rules for Saving on Every Purchase 10 Ways to Get a Discount on Every Online Purchase 15 Golden Rules for Saving on Every Purchase 25 Ways to Spend Less on Food 11 Ways to Save on Entertainment 13 Ways to Save on Clothing Without Sacrificing Quality Cash Back Site: Rakuten Cash Back Site: Swagbucks
Hosts: MoneyTalksNews MirandaMarquit.com
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Hammers, chain saws, axes: all useful tools when used properly, and potentially dangerous as hell in untrained hands.
Credit cards are the same: Potentially a useful tool, but when used recklessly, the results can be devastating.
When I was in college back in the 1970s, there were no credit cards on campus. Why? Because you to get a credit card, you needed to be creditworthy. In other words, you had to have a job. Back then, credit was a privilege, not a right. Fast-forward to present day America, however, and banks are falling all over themselves to put plastic in the hands of anyone who can fog a mirror, beginning with unemployed college students.
The banks are anxious to offer credit to the masses at the earliest possible age for one reason: because it's hugely profitable.
In this week's "Money" podcast, we're going to explore the seamy underbelly of credit and talk about some "secrets" about plastic that banks would prefer that you not know. When we're done, you're going to be a better borrower.
Want more information? Check out these resources:
- Beware These 5 Sneaky Credit Card Company Tricks
- Credit card search tool
- Money Made Simple: (Money Talks Course)
- Nerdwallet: Credit Card Secrets You've Never Known—But Should
- Huffington Post: 5 Credit Card Secrets the Banks Don't Want You to Know
- Wisebread: The Dirty Secrets of Credit Cards
- Credit Karma: 6 little-known credit card tips that could help your credit health
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
Ask us a question
Hey Money! listeners if you have a question, topic or life lesson you want to share with everyone, leave us a voice message by calling 1-833-669-8557 then press 0 to leave a message. We'd love to hear from you.
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It's finally over, or almost anyway: one of the most divisive political contests the world has ever seen.
But as the dust settles, now it's time to look ahead and see what the results of the election are going to be on your money. What's in store for the stock market? How about interest rates? Will housing prices continue to rise?
While nobody knows the answers for sure, we're ready to make some educated guesses. And that's exactly what we're going to do in this week's "Money!" podcast. As usual, my co-host will be financial journalist Miranda Marquit.
Want more information? Check out these resources:
Links:
- Trump vs. Biden: Who Is Best for Stocks and Home Values?
- Joe Biden vs. Donald Trump: Tax and Economic Policies
- 5 Ways Joe Biden Would Reshape Retirement
- Investopedia: Why Didn't Quantitative Easing Lead to Hyperinflation?
- Why Lower Taxes Could Lead to Higher Loan Rates
- Sudden Money: 6 Tips to Manage a Windfall
- Is a Social Security Benefit ‘Do-Over' Still an Option for Me?
- The Only Retirement Guide You'll Ever Need (Money Talks News' retirement course)
Investing apps:
- Acorns
- Stach
- M1 Finance
- Robinhood
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
Ask us a question
Hey Money! listeners if you have a question, topic or life lesson you want to share with everyone, leave us a voice message by calling 1-833-669-8557 then press 0 to leave a message. We'd love to hear from you.
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I bought my first house back in 1978, shortly after leaving college. Since then, I’ve bought and sold a fair amount of property, including raw land, apartments and homes, and made good money doing it.
Recently I began thinking of buying another home and converting my current one into a vacation rental property.
But is now the time to buy? Real estate, like the stock market, has been red-hot in many parts of the country, aided by historically low mortgage rates. But the economy is showing signs of stress: unemployment is at levels not seen since the great recession, and government-mandated foreclosure moratoriums will expire at year-end, which could hurt home prices.
So the question is, should I buy now, or wait till the dust settles? That’s just one of the topics on this week’s “Money” podcast. We invited real estate podcaster Mindy Jensen from Deeper Pockets to be our guest. We talked to her about whether it’s time to buy, how to get started, whether rental real estate is a good investment and lots of other things. If you’re considering buying a house or investing in any kind of real estate, you’ll like this one.
As usual, I share the broadcast booth with longtime financial journalist and fellow podcaster Miranda Marquit. Sit back, relax and give it a listen!
Links:
- Which Is the Better Investment: Stocks or Real Estate?
- How to Get In on Real Estate Investing Even If You Don’t Have Much Money
- 15 Tips to Find, Buy, and Rent Real Estate
- Bigger Pockets
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
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Back in the 80s and early 90s, I was an investment advisor, and later supervised other advisors, for three major Wall Street firms. When I worked in that business, there were advisors you'd love to have in your corner and others that would ruin your financial life without giving it a second thought.
While that was a long time ago, I doubt much has changed.
Finding the right financial advisor can be the difference between retiring rich and never retiring and all. So how do you find the right expert? That's the topic of this week's "Money" podcast.
As usual, I share the broadcast booth with longtime financial journalist and fellow podcaster Miranda Marquit. And this week, we'll also have a special guest: Pam Kruger, CEO of Wealthramp, a financial advisor matching service. If her name sounds familiar, that may be because she also hosted the popular PBS series MoneyTrack.
I've known Pam for 30 years. Trust me, you're going to learn something valuable. So sit back, relax and give it a listen!
Links:
- Is Your Financial Adviser a Crook? Here's How to Find Out
- How to Find Your Perfect Financial Adviser
- Do I Need a Financial Adviser, or Can I Manage My Money Myself?
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
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"Never doubt that a small group of thoughtful, committed citizens can change the world: indeed, it's the only thing that ever has." - Margaret Mead
In a few short weeks, we'll be voting for president, in what will be one of the divisive contests the country has ever seen.
If you're someone who votes their pocketbook, especially if you're an older American, you're likely wondering whether Trump or Biden would be the better choice to protect Social Security and Medicare.
Trump is running an ad claiming Joe Biden "tried to cut Social Security and Medicare for decades."
Biden released an ad saying, "If Trump gets his way, Social Security benefits will run out in just three years from now."
Which, if either, of these statements is closer to the truth? In this week's "Money" podcast, we're going to find out. As usual, my co-host will be financial journalist Miranda Marquit.
Sit back, relax and listen to this week's "Money" podcast!
Links:
- 5 Simple Steps to an Awesome Retirement
- The Only Retirement Guide You'll Ever Need
- 7 Mistakes Guaranteed to Ruin Your Retirement
- 4 Pillars of the New Retirement from Edward Jones
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
Ask us a question
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"Bad officials are elected by good citizens who do not vote." -George Jean Nathan
Before you head to the polls this year, it's a good idea to pick up something that seems to be in short supply this year: objective journalism.
Take income taxes for instance.
Read Fox News and you'll see stories with info like this:
Joe Biden's proposal to hike taxes on corporations and wealthy Americans could dramatically shrink the nation's economy and destroy millions of jobs, according to new projections from President Trump's former chief economist.
Rely on Facebook for your facts and you may have seen claims like, "Biden's tax rate on a family making $75,000 dollars would go from 12% to 25%."
But to hear Biden tell it, nobody making less than $400,000 will pay a dime more in taxes.
What's the truth?
That's what we're going to discuss in this week's "Money" podcast. We're going to talk to a CPA - me - about proposed tax changes from both candidates. As usual, my co-host will be financial journalist Miranda Marquit.
Sit back, relax and listen to this week's "Money" podcast!
Want more information? Check out these resources:
- Details and Analysis of Former Vice President Biden's Tax Proposals
- 7 Ways Your Taxes Could Change Under Biden
- How Biden's Tax Plan Might Affect Five American Households
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
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Planning to vote this year? I certainly hope so.
In some elections, the candidates are so similar, it's difficult to distinguish between the two. In this one, however, the differences between Biden and Trump are both numerous and stark. And many of those differences arise from economic policy.
If you're someone who votes their pocketbook, you're probably wondering things like who's more likely to increase the value of my 401(k), and will it be Trump or Biden who's best positioned to raise the value of my home?
According to an analysis by Wharton, Trump's alma mater, Biden is best to lead the economy. From CBS News:
Joe Biden's economic proposals would create a faster growing economy, higher wages for American workers and reduce the debt compared to where the U.S. is headed under President Donald Trump, according to new analysis from the University of Pennsylvania's Wharton School.
But according to polls, Trump is slightly more trusted by potential voters to shepherd the economy.
In this week's "Money" podcast, and in additional ones in the weeks to come, we're going to do our best to predict the pocketbook results of Trump and Biden victories. In future podcasts, we'll explore Social Security, healthcare and income taxes. Today we're focusing on the stock and real estate markets. I'll be speculating with Andrew Sather of the Investing for Beginners Podcast, as well as my co-host, financial journalist Miranda Marquit.
Sit back, relax and listen to this week's "Money" podcast!
Links:
- Trump vs Biden: How the election outcome may influence your stock investments
- A Biden Victory And Split Congress Is Best For Stocks, But Here's What Would Kill Markets After Election Night
- Trump vs. Biden: How Each Presidential Pick Would Shape the Housing Market for Years To Come
- 9 Tips for Sane and Successful Stock Investing
- 7 Ways to Slay Your Fear of the Stock Market
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
Ask us a question
President Donald Trump audio clip:
ABC's The President and the People from September 15, 2020
Former Vice President Joe Biden audio clip:
Visiting Dunmore, PA on July 9th 2020
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Imagine investing $1,500, then watching it grow to nearly $1,400,000 two decades later.
About 20 years ago, I bought 200 shares of Apple stock for around $1,500. Since then, thanks to stock splits, my 200 shares grew to 2,800 shares. Apple is now worth $500/share, so those 2,800 shares would now be worth $1,400,000.
Alas, I've sold a good bit of my position over the years, but the amount I have left is still worth north of $550,000. And some of the money from the shares I sold went into other high-flyers, including Google, Facebook, Microsoft and Amazon.
How did I know to buy these stocks? It wasn't rocket science. In fact, it's something you can, and should, learn how to do yourself. That's the topic of this week's "Money" podcast.
This week I'm going to share my personal portfolio with you, explain how I make my investment decisions, and why you might not want to put all your eggs in an index-fund basket.
Links:
- 13 Dumb Investing Moves — and How to Avoid Them
- 9 Tips for Sane and Successful Stock Investing
- The 7 Best Investment Apps for Beginners
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
Ask us a question
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Imagine turning your life completely upside down.
Instead of earning, you're living off savings. If you blow it, there's no do-overs. Instead of a career, you have a new and completely different identity.
That's retirement.
We're written hundreds of articles about retirement, as well as offering a complete course on the subject, but there's always room to sharpen our skills, including getting ideas from others.
In this week's "Money" podcast, we're going to talk retirement with the man behind The Retirement Answer Man podcast. Roger Whitney is an investment and retirement expert who can answer some of the more vexing questions for those approaching their retirement years, like "How will I know I have enough?," and "How can I make the mental transition from working life to retirement?"
Sit back, relax and give it a listen!
Links:
- 5 Simple Steps to an Awesome Retirement
- The Only Retirement Guide You'll Ever Need
- 7 Mistakes Guaranteed to Ruin Your Retirement
- The Retirement Answer Man Show
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
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Wouldn't it be nice if investing, avoiding debt and retiring rich was as simple as Monopoly?
Alas, that's not the case. But it is possible to harness some of the same techniques gamers use to make your money life a bit easier. There are lots of simple tips and apps you can use help you do everything from creating an emergency fund to investing in stocks.
In this week's "Money" podcast, we're going to talk to one of my favorite podcasters; Joe Saul-Sehy of Stacking Benjamins. Joe's going to give us the lowdown on some cool tricks, tips and apps that's going to help you save more and spend less with maximum fun and minimum hassle.
Links:
- 11 Tips and Tricks That Will Keep You From Overspending
- Save on Every Single Purchase With These Tricks
- 7 Great Tools to Help You Get Out of Debt
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
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In this week's "Money" podcast, we're going to talk to someone who found herself in some serious debt trouble. We'll see how it happened, what she did initially that dug the hole deeper and what she finally did to start filling it in for good.
The unique thing about this situation? The person who found herself in crisis was none other than my co-host and financial journalist, Miranda Marquit.
Links:
- Free Help with Debt
- How to Pay Off $10,000 in Debt Without Breaking a Sweat
- Where Can I Go for Help With Debt?
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
Ask us a question
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Taking too much risk. Not taking enough risk. Following the herd.
These are just a few examples of potential pitfalls you'll encounter in the wild world of Wall Street.
Whether you're a novice investor or, like me, you've been at it for decades, it's easy, and expensive, to fall into various investment traps.
In this week's podcast, we're going to go over the most common investing mistakes. You'll never avoid them all -- we're only human -- but the fewer things you do wrong, the more likely you are to be right. And when it comes to investing, the more you're right, the richer you'll be.
As usual, I share the broadcast booth with longtime financial journalist and fellow podcaster Miranda Marquit.
Links:
- 7 Mistakes Guaranteed to Ruin Your Retirement
- 1 in 3 Workers Make This Life-Changing 401(k) Mistake
- 13 Dumb Investing Moves — and How to Avoid Them
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
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Imagine living the good life in an exotic location that offers the best of everything: sunshine, beaches, art, culture, architecture, world-class restaurants and entertainment.
Now, imagine living it, along with your spouse, for less than $2,000 a month all-in.
That's the appeal of retiring overseas.
That's what this week's podcast is about. We're going to talk to Kathleen Pedicord, owner of Live And Invest Overseas, a business built around helping Americans live abroad. She gives us five of her favorite inexpensive overseas retirement havens, along with tips on how to make it happen.
You've no doubt pictured yourself in paradise. Now learn how to make that dream come true.
Links:
- How to Move Out of the U.S. (Link to International Living)
- Overseas Retirement: the Good, the Bad and the Ugly
- 12 Ways to Fund a Dream Retirement Abroad
- How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad (Kathy's book)
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
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Much of what I've learned about money I didn't learn in books, or by being a CPA, investment advisor, or financial reporter. I learned it the hard way: by making bad decisions and missing major opportunities.
Of course, everybody screws up. But one silver lining in an otherwise dark cloud is that by sharing our experiences, maybe we can help others avoid a similar fate.
That's what this week's podcast is about. Fellow podcaster Miranda Marquit and I are going to confront the boneheaded things we've done with money, what we should have done instead and what you and yours should do if you find yourself in similar circumstances.
Links:
- My 10 Dumbest Money Moves
- 8 Things Rich People Buy That Make Them Look Dumb
- 7 Mistakes Guaranteed to Ruin Your Retirement
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
Ask us a question
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I know world events don't conform to an annual calendar, but doesn't it feel like the sky started falling the second the clock hit midnight on December 31, 2019?
The world has definitely changed, that's for sure. And it's likely some of those changes are permanent.
The world has transformed from comfortable to confusing and dangerous. We're staying home, and when we do go out, we're covering our faces. Airlines are grounded, hotels are empty and cruise ships are stuck in port. And the worst part: Friends and relatives are getting sick; nearly 160,000 of us have lost our lives.
We're witness to the biggest economic contraction in modern history, with millions of Americans out of work and businesses dropping like flies.
And yet, the stock market is hitting new highs and in some places the housing market is likewise on fire.
How can this possibly be?
That's what we're going to talk about today: Why the stock and housing markets is seemingly unattached to the economy and more important, what we should be doing next. Is it time to buy? Time to sell? I'll tell you what I'm doing with my money, and why.
Producer note: Apologies for the digital internet noise in the audio. We are upgrading our recording process for future podcasts soon. Thank you for subscribing, more great shows to come.
Links:
- 7 Tips to Help Retirees Ride Out the Coronavirus Stock Market
- 9 Tips for Sane and Successful Stock Investing
- 4 Steps You Must Take Now to Financially Prepare for the Coronavirus
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
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Don't you wish there was a simple series of steps you could take that would guarantee you'd retire rich?
There is.
Granted, "simple" and "easy" aren't the same thing. Still, having a map to your destination in the form of specific money moves will increase the odds of reaching your destination.
That's what this week's podcast is about. We're going to go over the simple steps I've personally used to achieve financial freedom. If you're starting out or starting over, hopefully this will make your journey speedier and less strenuous.
Links:
- The 10 Commandments of Wealth and Happiness
- 10 Guaranteed Ways to Retire Rich
- Freelance Writer Academy
- The Only Retirement Guide You’ll Ever Need
Hosts:
- MoneyTalksNews
- MirandaMarquit.com
Ask us a question
Become a member: https://www.moneytalksnews.com/members/
See omnystudio.com/listener for privacy information.