The Dough Roller Money Podcast: Recent Episodes
Rob Berger
The Dough Roller Money Podcast helps people make the most of their money. Through interviews, news, tips and resources, the show helps you take your finances to the next level. Whether you are just starting out, under a mountain of debt, or nearing retirement, the Dough Roller Podcast can help you achieve your financial goals. And remember, the best thing money can buy is financial freedom.
Today in episode 366 of the Dough Roller Money Podcast we cover tracking your net worth, having more than one bank account, and current action in treasury yields.
Empower: https://go.robberger.com/empower/yt-366
Kubera: https://go.robberger.com/kubera/yt-366
CNN Article: https://www.cnn.com/2023/08/03/business/wells-fargo-technical-issue-direct-deposits/index.html
10 Best Checking Accounts: https://www.doughroller.net/banking/free-online-checking-accounts/
Best Savings Accounts: https://www.allcards.com/best-savings-account-rates/
Treasury Yields: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202308
The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ https://bit.ly/DoughRollerYouTube #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
In today's podcast we cover three topics:
- The 4% Rule: Just how realistic is the 4% rule for most retirees? I have my doubts, and will briefly discuss an alternative called the Spend Safely in Retirement Strategy.
- Financial Planning Tools: We'll look at three of my favorite financial planning tools.
-
Finally, we'll cover what I think is an optimal credit card rewards strategy.
-
FICalcApp: https://ficalc.app/
- 2% Cash Back Credit Cards: https://www.allcards.com/best-2-cash-back-credit-cards/
- Empower: https://go.robberger.com/empower/yt-dr367
- ProjectionLab: https://go.robberger.com/projectionlab/yt-dr367
- New Retirement: https://go.robberger.com/new-retirement/yt-dr367
- Spend Safely in Retirement Strategy Video: https://www.youtube.com/watch?v=aZJCHkvwvAU
- ProjectLab Video Review: https://www.youtube.com/watch?v=k0iEIfMxBEc
- New Retirement Video Review: https://www.youtube.com/watch?v=Ne56mF2xMeE&ab_channel=RobBerger
- Empower Video Review: https://www.youtube.com/watch?v=Ta3s61BJk1w&ab_channel=RobBerger
The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ https://bit.ly/DoughRollerYouTube #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
Today we discuss the latest CPI and PPI numbers, their effect on interest rates, and the whether a recession is coming.
CPI: https://www.bls.gov/cpi/
CPI Details: https://www.bls.gov/news.release/pdf/cpi.pdf
PPI: https://www.bls.gov/ppi/
Savings Account Rates: https://www.allcards.com/best-savings-account-rates/
Money Market Account Rates: https://www.allcards.com/money-market-accounts/
CD Rates: https://www.allcards.com/best-cd-rates/
No-Penalty CD Rates: https://www.allcards.com/best-no-penalty-cd-rates/
T-Bill Yields: https://fixedincome.fidelity.com/ftgw/fi/FILanding
Mortgage Rates: https://www.bankrate.com/mortgages/mortgage-rates/
The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ https://bit.ly/DoughRollerYouTube #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
Today in episode 365, we look at the following three topics:
Budgeting Credit Cards: How should we manage credit card debt in our budget? We'll look at the difference between credit cards we pay in full each month and credit card debt we are working to pay down.
Maximizing Returns: There is one simple strategy we can use to get the most returns out of a mutual fund or ETF. We'll talk about that strategy and how we can use it to build a solid investment plan.
The Power of Subtraction: Finally, we'll look at why removing things from our lives can be just as powerful as adding things.
Resources:
https://www.morningstar.com/funds/are-you-leaving-money-table-your-funds-returns
The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ https://bit.ly/DoughRollerYouTube #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
Today in episode 364 we'll talk about cash stuffing, student loans, and how much you need to retire.
Cash Stuffing: My parents called this the envelope budgeting method. Today TikTok and YouTube have rebranded it as cash stuffing and made the envelope system cool again. We talk about its pros and cons.
Student Loans: There are two topics on tap for today. First, we expect the Supreme Court to rule today on President Biden's attempt to wipe out $400 billion in student loans. We also look at the economic effects of student loan repayments set to resume in October.
Retirement: Finally, we look at a survey showing how much we think we need to retire. The results vary significantly by age, as you'll see.
Resources:
- Cash Stuffing Video: https://www.youtube.com/watch?v=3BF6uUzPQn8&ab_channel=StrawberryMoney%F0%9F%8D%93
- Student Loan Supreme Court: https://finance.yahoo.com/news/us-supreme-court-decide-fate-100000817.html
- Student Loan Repayment and the Economy: https://www.forbes.com/sites/simonmoore/2023/06/29/resuming-student-loan-payments-may-slow-economic-growth/
- Retirement Study: https://news.northwesternmutual.com/2023-06-22-Americans-Believe-They-Will-Need-1-27-Million-to-Retire-Comfortably,-According-to-Northwestern-Mutual-Planning-Progress-Study
Today we begin by looking at SaveBetter (now called Raisin). They offer some of the best interest rates on bank accounts available anywhere. But several people have emailed me asking whether SaveBetter is safe. I'll share the response I received directly from SaveBetter.
Then we look at 3 of the best budgeting apps, including one that is free and one that gives you complete control of your data.
Finally, we talk about the new $25/month fee that some Vanguard clients will incur beginning in September if they don't act now.
RESOURCES
Join the Newsletter: https://doughroller.activehosted.com/f/1
Best Savings Accounts: https://www.allcards.com/best-savings-account-rates/
Best Money Market Accounts: https://www.allcards.com/money-market-accounts/
Best No-Penalty CDs: https://www.allcards.com/best-no-penalty-cd-rates/
Empower (Personal Capital): https://go.robberger.com/empower/yt-dr363
Simplifi: https://go.doughroller.net/simplifi/yt-dr363
Tiller: https://go.robberger.com/tiller/yt-dr363
The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ https://bit.ly/DoughRollerYouTube #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
Today we start be discussing inflation. Both CPI and PPI numbers are down and the Fed has paused interest rate hikes. For the moment, an FDIC-insured savings account pays more than the rate of inflation. Then we discuss the $150 million lawsuit against Dave Ramsey. There are some important lessons here for all of us. Finally, I answer a listener's question about investment fees inside a Roth workplace retirement Account. RESOURCES:
- CPI: https://www.bls.gov/cpi/
- PPI: https://www.bls.gov/ppi/
- Best Savings Accounts: https://www.allcards.com/best-savings-account-rates/
- Best No-Penalty CDs: https://www.allcards.com/best-no-penalty-cd-rates/
- Dave Ramsey Lawsuit: https://www.cbsnews.com/news/dave-ramsey-getting-sued-150-million-lawsuit-timeshare-exit/
- Empower: https://go.doughroller.net/empower/yt-362
The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ https://bit.ly/DoughRollerYouTube #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
Today in episode 361 of the Dough Roller Money Podcast, we cover three things:
- Binance: Why has the SEC sued Binance related entities, including its CEO, CZ, and what can we learn from the lawsuit.
- Marriott Bonvoy has just increased the welcome offer on its credit cards.
- And I'll share a story of the advice a gave a friend in retirement looking for help managing their investments.
RESOURCES MENTIONED IN THE PODCAST
-Dough Roller Newsletter: https://robberger.com/newsletter/ -Rob Berger Newsletter: https://doughroller.activehosted.com/f/1
-Rob Berger YouTube Channel: https://www.youtube.com/@rob_berger -Dough Roller YouTube Channel: https://www.youtube.com/channel/UCmWLSuglwdpdWbHhgjaIxRg
-Marriott Bonvey Brilliant Card: https://www.allcards.com/marriott-bonvoy-brilliant-american-express-card/?utm_campaign=DR+Podcast&utm_source=YouTube&utm_medium=textlink
-Marriott Bonvey Bevy Card: https://www.allcards.com/marriott-bonvoy-bevy-american-express-card/?utm_campaign=DR+Podcast&utm_source=YouTube&utm_medium=textlink
-Amex Platinum Card: https://www.allcards.com/american-express-platinum-card-review/?utm_campaign=DR+Podcast&utm_source=YouTube&utm_medium=textlink
-Binance SEC complaint: https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf
-Binance SEC Memorandum of Law: https://www.sec.gov/files/litigation/complaints/2023/brief-pr2023-103.pdf
-Mark Zoril (Plan Vision): https://planvisionmn.com/
-List of Fixed Fee Planners: https://robberger.com/low-cost-financial-advisors/
The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ https://bit.ly/DoughRollerYouTube #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.
Today on the Dough Roller Money Podcast we are talking with Tracey Bissett!
Tracey is an award-winning Financial Literacy Educator. She founded Bissett Financial Fitness, hosts the Young Money podcast, and on top of all this she is also a full-time professor in the financial services faculty within the Business School at Centennial College.
Last year Tracey was awarded as the Most Influential Financial Literacy Leader and The Best Financial Education & Consulting Firm for Bissett Financial Fitness.
In this episode, Tracey jumps right into her goal as a financial fitness coach and how she is here to guide people through their money mistakes! She gives her advice on what business owners new and old should be looking out for when dealing with their company’s finances. She also explains how business owners can apply their financial literacy into their personal lives!
If you are ready to eliminate your money mistakes keep on listening!
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00 - Introduction to Tracey
03:09 - What are the personal biases Tracey think people should look out for when dealing with money
06:30 - Tracey explains what exactly is a financial fitness coach
08:41 - What are the money mistakes she sees that business owners often make
10:50 - What are Tracey’s tips for businesses to get out of these mistakes
13:53 - Does what Tracey teach translates from business owners to personal finance
16:26 - Tracey’s advice for business owners who aren’t intentional with spending money
18:15 - How she approaches helping with people who have side hustles and her advice for those starting side hustles
23:50 - What are the currently issues that Tracey seeing during COVID
27:00 - How Tracey helps young adults
32:36 - Where you can follow Tracey and her endeavours
Mentioned in the Episode:
Check out Tracey’s Website: https://www.bissettfinancialfitness.com/about/
Listen to Tracey’s Podcast: https://ymwithtraceybissett.libsyn.com/
Connect with Tracey on LinkedIn: https://www.linkedin.com/in/traceybissett/?originalSubdomain=ca
Today on The Dough Roller Money Podcast we are talking with Tom Corley! Tom is the author of the best-selling book Rich Habits, is a frequent speaker and contributor to CNBC, and has shared his insights on over 1,000 radio shows including The Dave Ramsey Show, WABC, WCCO, KOA, KDKA, and KKOB.
Tom is a CPA, CFP, holds a Master's Degree in Taxation, and is also President of Cerefice and Company, CPAs, one of the top financial firms in New Jersey.
In this episode Tom shares how he stepped into the work of financial planning and tax work, helping others achieve financial independence. The also shares more about this book Rich Habits and his insight into cultivating the right habits and mindset to achieve success!
If you want to learn how to start your Rich Habits journey, listen now!
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00 - Introduction to Tom Corley
01:00 - Tom explains how he originally got into the world of financial planning and tax work
07:08 - What some of the key habits that Tom has identified to becoming successful
13:30 - What Tom has identified as a common trait for becoming successful
23:43 - Tom shares about some of the bigger concerns people have when coming to Tom for financial advice
28:50 - Tom shares his insights into stock portfolios
33:29 - Tom and Rob talk about the struggle of financial planning
37:22 - Tom gives his advice and insight on annuities
39:09 - Where you can follow Tom and purchase his book
Mentioned in the Episode:
Read Tom’s Book: https://richhabits.net/
Connect with Tom on LinkedIn: https://www.linkedin.com/in/tomcorley/
Today on The Dough Roller Money Podcast, we have Joseph Hogue!
Joseph is the founder of Let’s Talk Money, a wildly popular Youtube channel on finance, and is the author of 11 books about finance. Some of the titles include Step By Step Dividend Investing, Make Money Blogging, The Passive Income Myth, Crushing Youtube, and Self-Publishing for Passive Income. And all 11 of his books he self-published.
In this episode, Joseph jumps straight into giving a firsthand look into creating passive revenue through self-publishing. He then shares how he went from working as an analyst to creating his own youtube channel where he gives his professional insight into financial trends. Lastly, he describes how he keeps his large investment portfolio organized and how you can too!
If you're looking for a current read on today’s investment trends, keep on listening!
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00 - Introduction to Joseph Hogue
01:30 - How Joseph has gone about self-publishing his own books
06:23 - Where to find and read Joseph’s books
07:24 - Joseph shares his career journey from an analyst to a YouTuber
11:40 - He shares what tools he uses for analyzing trends and his insight on recent trends
23:35 - Joseph gives his take and his approach to cryptocurrency
26:50 - He gives his opinion and insight into what we should learn about smart contracts on the blockchain
31:36 - He shares how many stocks that are in his portfolio
32:40 - Joseph tells us what tools he uses for investing in cryptocurrency
34:06 - He also shares about his low-cost index funds
35:04 - How Joseph keeps all of his transactions organized
36:11 - What Joseph has planned for 2022 and shares about his communities
39:00 - How he handles his comment section on YouTube
40:10 - How to keep up with Joseph, his YouTube channel, and his other endeavours
Mentioned in the Episode:
Subscribe to Let’s Talk Money!: https://www.youtube.com/channel/UCbKdotYtcY9SxoU8CYAXdvg
Read Joseph’s Books: https://www.amazon.com/Mr.-Joseph-Hogue/e/B015134P9W
Connect with Joseph on LinkedIn: https://www.linkedin.com/in/josephhogueefficientalpha/
Today on the Dough Roller Money Podcast we have Jack Brennan! Jack is a Chairman and served as CEO of The Vanguard Group from 1996-2009. He has steered trillions- literally trillions- of dollars throughout his career, and you’d be hard-pressed to find anyone with better financial astuteness than Jack. Currently, Jack is a director of Guardian Life Insurance Company of America, American Express Company, and Rockefeller Capital Management. He is Chairman of the Board of Trustees of the University of Notre Dame, and is a founding trustee of King Abdullah University of Science and Technology. This past year Jack re-released an update to his book More Straight Talk on Investing, which was originally released in 2002. On this episode Jack shares his journey workin with Vanguard for over a decade and how he has seen the company change over the years. He gives his insight on topics like stocks vs. bonds, rebalancing taxable accounts, and cryptocurrency. Jack has recently re-released an update to his book More Straight Talk on Investing, which was originally released in 2002.
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00 - Introduction to Jack Brennan
00:31 - Jack gives his response to all the criticism that has been directed at Vanguard over the years
04:51 - Jack gives his advice for those wondering how they should position their portfolios for the recent inflation
12:50 - Jack gives his opinion of the phrase “stock out perform bonds”
14:47 - Jack explains why he doesn’t practice the 4% rule
16:20 - Jack gives his take on international stocks
18:39 - Jack gives his opinion on the argument for not rebalancing in a taxable account
21:21 - He talk about Vanguard not being involved with cryptocurrency
23:30 - He then give his advice and opinion on the cryptocurrency
25:23 - Jack gives his insights into what he thinks are the biggest risks today for the long term investor in the United States?
30:29 - Jack dives in to his book and why he re-released it
34:00 - Where to keep up with Jack and his work
Mentioned in the Episode:
Read Jack’s books: https://amz.run/5PkQ
Today on the Dough Roller Money Podcast we are talking to Ish Verduzco! He’s the author of How Successful People Get Ish Done, and the host of the Getting Ish Done podcast. In his early-to-mid 20s Ish became interested in personal development and started writing and researching his first book How Successful People Get Ish Done. With the creation and rise of NFT’s in the last 2 years, Ish is currently in the process of creating an NFT playbook for those who want to start investing with NFTs. This year, Ish was named one of Hispanic Executive’s 30 under 30 for 2021, and he gave the 2020 commencement speech at his alma mater, UC Merced. He currently hosts the podcast Getting Ish Done, and is only going up from there!
In this episode Rob and Ish talk about the world of investing and NFTs. Ish shares how he began his journey in NTFs and how he has approached this space so far. He tells us his opinion on how he thinks crypto and NFTs can be used in the future and what we can expect from it’s evolution. We are also able to get a glimpse into how he created his book and how making it into an NFTs is revolutionary.
If you want an insider’s look into the world of NFTs this episode is for you!
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00 - Introduction to Ish Verduzco
01:43 - Ish talks about his background and an overview of his career
05:13 - He share about his framework and how it’s worked for him overtime
08:38 - Ish’s advice on how to tackle his framework
11:57 - He shares about his approach to investing and how he got started
14:58 - He explains how he has invested his 401K
15:53 - What Ish’s crypto and NFT portfolio currently looks like
16:47 - In his on words Ish explains what an NFT is and his approach to the space
18:38 - Ish breaks down how his book is also an NFT and why this is so special
25:39 - He shares about the NFTs he has purchased as investments and how he estimates their value
31:15 - How he goes to purchase NFTs and where he likes to keep them once purchased
33:23 - Ish shares his view on the longevity of NFTs and what can NFTs actually solve for us
41:04 - How Ish thinks the future will look like if decentralized finance becomes the norm
44:57 - Ish share where he invests his crypto and his reasoning behind it
47:55 - How Ish thinks crypto and NFTs will perform in the future when the economy run out of money
49:58 - Where to follow Ish and all of his endeavors
Mentioned in the Episode:
Buy Ish’s book: https://www.ishverduzco.com/book
Visit Ish’s Website: https://www.ishverduzco.com/
Listen to Ish’s Podcast: https://www.ishverduzco.com/podcast
Follow Ish on LinkedIn: https://www.linkedin.com/in/ishverduzco/
Follow Ish on Instagram: https://www.instagram.com/ishverduzco/
Follow Ish on Twitter: https://twitter.com/ishverduzco
Today we’re talking with Larry Hagner! Larry is the founder and CEO of The Dad’s Edge. He is an author, podcast host, and speaker. Larry founded his brand The Good Dad Project, later coined The Dad Edge, in 2015 after he published his book The Dad's Edge: 9 Simple Ways to Have: Unlimited Patience, Improved Relationships, and Positive Lasting Memories.
He’s also the host of The Dad Edge Podcast where he’s interviewed over 700 experts on all things pertaining to life and fatherhood. And last year in 2020 Larry was chosen as a speaker/educator for the Financial Freedom Movement Summit.
On today’s episode we chat with Larry about his childhood journey, growing up without a father-figure, and how that led to him creating The Dad’s Edge. We’ll also hear about how COVID-19 changed Larry’s financial priorities and philosophies.
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00 - Introducing Larry Hagner
01:52 - The backstory of The Dad Edge
08:13 - Larry’s backstory and journey to The Dad’s Edge
20:17 - When Larry shifted The Dad’s Edge to full time work
21:26 - The Masterminds community
24:47 - How money growing up affected Larry to today
31:35 - What financial issues cause couples the most problems
34:05 - How Larry landed on his financial philosophies
37:19 - How COVID-19 shifted Larry’s financial priorities
42:01 - Where to keep up with The Dad’s Edge and Larry
Mentioned in the Episode:
Dad’s Edge Website - https://thedadedge.com/
Dad’s Edge Podcast - https://thedadedge.com/podcast/
Larry’s Free 21 Day Course - https://thedadedge.com/extraordinary-marriage/
Larry’s LinkedIn - https://www.linkedin.com/in/larry-hagner-a82b8715/
Today on Dough Roller, we are talking with Dr. Daniel Crosby! He is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby recently co-authored a New York Times Best-Selling book titled, Personal Benchmark: Integrating Behavioral Finance and Investment Management. Daniel was named one of the “12 Thinkers to Watch” by Monster.com and a “Financial Blogger You Should Be Reading” by AARP, and is the author of many best-selling books which include:You’re Not That Great, The Laws of Wealth, and Behavioral Investor. He also hosts the podcast Standard Deviations which tackles money, mind, and meaning, all through a psychological lens.
One today’s episode we talk about how Dr. Daniel created the Irrationality Index, and the different investing personalities. We’ll also learn about Dr. Crosby’s stance on higher risk investments like crypto, and how different personality traits can have different levels of success when investing!
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
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Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00 - Introducing Dr. Daniel Crosby
03:11 - How Daniel created the Irrationality Index
08:11 - Behavioral Finance lessons to learn in the market
13:07 - Value Momentum Investors vs. Value Camp Investors
20:05 - Identifying Investment Biases
23:28 - Incorporating momentum into you investment philosophy
26:52 - Dr. Daniel’s insights on fear
29:28 - Dr. Daniel’s research on personality traits in successful investors
38:31 - Where to keep up with Dr. Daniel
Mentioned in the Episode:
Dr. Daniel’s Twitter - https://twitter.com/danielcrosby
Dr. Daniel’s LinkedIn - https://www.linkedin.com/in/danielcrosby/
Standard Deviations Podcast - https://podcasts.apple.com/us/podcast/standard-deviations-with-dr-daniel-crosby/id1241946146
Dr. Daniel’s Books - https://www.amazon.com/Daniel-Crosby/e/B00O72MW1W/ref=dp_byline_cont_book_1
Today on Dough Roller, we are talking with Roger Whitney! Roger is The Retirement Man. His blog and podcast of the same name are legendary, and his mission is to help people shift what they think is possible in retirement by changing how they live, work, and celebrate what's possible in the present. Roger is a 3 time PLUTUS award winner and author of Rock Retirement: A Simple Guide to Help You Take Control and be More Optimistic About the Future. He’s been ranked by Investopedia as one of the most influential financial advisers for over 5 years, and he created the Rock Retirement Club, which is an online community which provides tools for others to build an amazing retirement.
On the show today we talk with Roger about his firm Agile Retirement and their philosophies. We’ll also learn how to overcome mental hurdles surrounding retirement planning and how to create your own unique retirement plan. If you’ve ever had any confusion around retirement, keep listening to this episode for some great advice!
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00- Introducing Roger Whitney
01:44- Roger’s firm, Agile Retirement
05:11- How Roger approaches retirement planning
14:10- Building a framework for your finances
20:46 - Narrowing down your planning priorities
24:59- Overcoming mental hurdles around retirement
27:53- Finding your personal perfect retirement number
42:13- Where to keep up with Roger
Mentioned in the Episode:
Roger’s Website and Class- https://www.rockretirementclub.com/
Retirement Answer Man Podcast- https://podcasts.apple.com/us/podcast/retirement-answer-man/id834314596
Today on Dough Roller, we are talking with Harlan Landes! Harlan is the Founder and Executive Director of the Plutus Foundation, which provides resources and grant money to assist the independent financial media to create, develop, and administer programs that enhance financial literacy, education, and empowerment. He also ran one of the first personal finance blogs, Consumerism Commentary.
In this episode, we talk about Harlan’s financial journey from losing everything, to creating a foundation that deals in millions of dollars a year. We’ll also hear about Harlan’s saving and investing methods.
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00- Introducing Harlan Landes
01:52- Harlan’s first blog Consumerism Commentary
09:37- How Consumerism Commentary became a business
19:53- Harlan’s next move after selling Consumerism Commentary
32:21- How and why Harlan founded The Plutus Foundation
37:10- Harlan’s next projects
39:00- Where to keep up with Harlan
Mentioned in the Episode:
Plutus Foundation - https://plutusfoundation.org/
Harlan’s Twitter - https://twitter.com/harlanlandes
Today on Dough Roller, we are talking with Bola Sokunbi! Bola is a best-selling author and the founder and CEO of Clever Girl Finance.
In this episode, we talk about Bola’s inspiring backstory and where she got her inspiration to start her own businesses. We’ll also talk about the wage disparity and financial hurdles women and people of colour face when trying to build their wealth. This interview will leave you feeling inspired and ready to take action, so keep on listening!
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:00 - Introducing Bola Sokunbi
00:52 - Bola’s Inspiration and Backstory
06:28 - Why Bola Started Heavily Saving in College
09:49 - Bola’s First Side Hustle
15:26 - The Beginning of Clever Girl Finance
20:33 - Bola’s Decision to Make Her Courses Free
25:20 - The Financial Challenges Women Face
36:10 - Building Wealth as a Woman in Other Countries
39:40 - What’s Next for Bola
42:06 - How to Keep Up With Bola
Mentioned in the Episode:
Clever Girl Finance Website -
https://www.clevergirlfinance.com/
Clever Girl Finance Instagram – https://www.instagram.com/clevergirlfinance/?hl=en
Clever Girl Finance YouTube - https://www.youtube.com/channel/UCXpAvdmdMHiwVtG9R05qFig
Today on Dough Roller, we are talking with Peter Mallouk! Peter is the President and CEO of Creative Planning. Creative Planning is a Registered Investment Advisory firm that manages over $100 billion dollars in assets and serves clients in all 50 states. Both Creative Planning and Peter have been recognized as industry leaders by organizations such as Barron’s, Financial Times and CNBC. RIA Channel, published by Forbes, recently ranked Creative planning as the #1 Wealth Manager for 2020.*
Along with Creative Planning, Peter also provides financial education to those who have been underserved by the financial service industry. He and his wife have received awards such as the Giving the Basics Human Dignity award and Variety Presidential Citation award. He has also founded a non-profit dedicated to providing under-resourced communities with actionable financial education.
Today we talk with Peter about his thoughts on our current inflation in the market, and his thoughts on cryptocurrency stocks. We’ll also hear all about what Creative Planning does. If you want to hear some hard truths about financial planning, keep listening!
- See Creative Planning’s website at https://creativeplanning.com/important-disclosure-information/ for important award disclosure information.
Today on Dough Roller, we are talking with Steve and Courtney Adcock! Steve and Courtney both retired from their full time jobs in their mid-30s, with nearly $1 million in the bank. Today, they live an “off the grid” lifestyle, and for the first few years of retirement traveled the country in an airstream! They run a popular finance blog detailing their savings methods and other finance advice, and have been featured in publications like MarketWatch, Forbes, Business Insider, CNBC, and Vice.
Today Steve and Courtney tell us their stories of achieving retirement so young, and what their asset allocation looks like because of that. We’ll also hear how they manage healthcare, scarcity mindset, and how 2020 affected their financial plans.
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:28- All About Steve and Courtney
03:46- What Inspired Steve and Courtney to Start Saving for Retirement
10:03- How Long it Took Steve and Courtney to Save
15:15- Steve and Courtney’s Asset Allocation
20:35- The LEANFire Discussion for Steve and Courtney
26:07- How Steve and Courtney Manage Healthcare
28:05- How a Childhood Bankruptcy Affected Courtney
30:46- 2020 and What’s Next For Steve and Courtney
38:57- Where to Keep Up with Steve and Courtney
Mentioned in the Episode:
Steve’s Blog- https://steveadcock.us/
Steve’s Twitter- https://twitter.com/SteveOnSpeed?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Today on Dough Roller, we are talking with Doug Nordman. Doug is a best-selling author of two books, The Military Guide to Financial Independence and Raising Your Money-Savvy Family For Next Generation Financial Independence. He retired from the military at age 41, and spends his time now helping other military families and veterans become financially independent.
In this episode, we talk about how Doug was able to retire at age 41 and how he earns his passive income now. We’ll also hear Doug’s advice on asset allocation and how to deal with the behavioral side of finance. If you want to hear some great advice for retirement planning, keep listening!
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Timestamps:
00:20- Doug’s History as a Navy Nuclear Engineer
02:29- How Doug Earned Money After Retiring from the Navy
10:17- How Doug Uses the 4% Rule
12:57- Doug’s Advice on Asset Allocation
17:09- Doug’s Plan of Retiring at 41
27:13- About Doug’s Book The Military Guide to Financial Independence
32:14- How Doug Started Surfing
34:59- The Importance of Behavioral Finance
42:08- The Tools Doug Uses to Maintain his Budget
46:01- How to Keep Up with Doug
Mentioned in the Episode:
Doug’s First Book: The Military Guide to Financial Independence and Retirement
Doug’s Most Recent Book: Raising Your Money-Savvy Family For Next Generation Financial Independence
Doug’s Facebook: https://www.facebook.com/doug.nordman.5
Doug’s Website: https://the-military-guide.com/
Doug’s Twitter: https://twitter.com/themilitaryguid
Today we are chatting with Spencer Jakab! Spencer is an award-winning journalist who has written for the Financial Times, Dow Jones, and The Wall Street Journal, where he is currently the editor of the Heard on the Street column. He has a new book coming out on the GameStop/Meme Stock events of 2021 called The Revolution That Wasn't: GameStop, Reddit, and the Fleecing of Small Investors.
In today’s episode we talk with Spencer about his new book and the early days of the GameStop saga. We’ll also hear Spencer’s personal thoughts about funding your index funds and portfolios, and what he thinks about crypto investing.
Calls to Action:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
Mentioned in the Episode:
Spencer’s new book- https://www.amazon.com/gp/product/B09DP5L6QG/ref=dbs_a_def_rwt_bibl_vppi_i0
Spencer’s Twitter- https://twitter.com/Spencerjakab?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Spencer’s Website-https://spencerjakab.com/
Spencer’s Articles on WSJ- https://www.wsj.com/news/author/spencer-jakab
Today on Dough Roller, we are talking with Robert Leonard! Robert is an expert investor, entrepreneur, and podcast host! He attended University of Massachusetts where he graduated Cum Laude with a BSBA degree in Finance and Economics along with a MBA degree in Accounting and Finance. Robert then became a Certified Management Accountant (CMA) where he practiced as a financial analyst and corporate finance manager. He is an accounting and finance professional with an immense passion for stock and real estate investing, business, and entrepreneurship, which allowed him to quit his W2 position and begin his own real estate investment business.
He is currently the host of two podcasts, Millennial Investing and Real Estate 101 which are under The Investor’s Podcast group where he has recently became VP of growth and innovation. Robert is also a founder and managing partner of Piranha Capital, a boutique real estate investment firm.
In this episode, we talk about Robert’s journey to finance and motocross beginnings. We’ll learn about Robert’s story of his first real estate investment, and how it hooked him into house hacking. We’ll also discuss stock portfolios, bitcoin investment, and rules of thumb for property rental management. If you want to learn more about real estate investing, keep listening!
Social Media:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
TIME STAMPS:
00:21- Robert’s Motocross Backstory and Path to Finance
07:14- What Robert is Doing Now and His Podcasts
09:06- Robert’s First Real Estate Investment and House Hacking
22:49- Robert’s Real Estate Empire Today
25:09- Why Robert’s Properties are Long Distance
35:00- Robert’s Rules of Thumb for Property Rentals
37:22- Managing Properties During COVID
42:00- Robert’s Stock Portfolio and Investment in Bitcoin
53:46- Where to Keep Up With Robert
Mentioned in the Episode:
Investor Shadow
Robert's Twitter
Robert's Instagram
Milennial Investing Podcast
Today on Dough Roller, we are talking with George Kamel! George is a Ramsey Personality and Personal Finance Expert, host of The Fine Print podcast and cohost of the EntreLeadership podcast. He has previously hosted The Ramsey Show video channel, Ramsey live events, Borrowed Future podcast, and Foundations in Personal Finance High School Curriculum. He has been a staple of the Ramsey team personalities, and has been working on their team since 2013.
George is a huge proponent of helping people make the most of their money, to make the most of their life through all sorts of different channels. Recently, he spearheaded the release of Ramsey Solutions first documentary, Borrowed Future: How Student Loans Are Killing the American Dream. The documentary is based off the eight episode podcast he hosted back in 2019 and he is a producer on the film.
In this episode, we talk about how George became involved with the Dave Ramsey team, and how he used the Ramsey methods to become debt-free. We also discuss George’s podcasting ventures and the release of his new documentary, Borrowed Future. George also tells us about finance trends we should be weary of, his take on credit-cards and their rewards programs, and how the student loan crisis is taking over people’s lives. If you’re looking for clear-cut ways to get on the path to being debt free, keep listening!
Social Media:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net/
TIME STAMPS:
00:29-George’s Backstory and How He Got Involved With Dave Ramsey
02:09- How George Follows the Ramsey Method to Become Debt Free
04:49- George’s Podcasts
06:43- Finance Trends to Be Weary Of
08:01- George’s Opinion on Bitcoin
10:21-George’s Take on Credit Card and Rewards
14:17- Student Loans and George’s Documentary
24:50- How Policy Can Effect Change for Student Loans
30:28- How George Paid of $40,000 of Debt
35:12- How to Bulletproof Our Finances
Mentioned in the Episode:
The Fine Print Podcast
EntreLeadership Podcast
Borrowed Future Documentary
George's Instagram
George's Twitter
Today on Dough Roller, we are talking with Scott Young! Scott Young is an author, entrepreneur, computer programmer, and host of The Scott Young Podcast. Scott has started and kept up a wildly popular blog since he was 18 years old, and most notably has completed some amazing learning challenges, such as the MIT Challenge where in just one year he learned the entire curriculum of MIT’s computer science major without taking any classes, and The Year Without English where he set out to learn 4 different languages over the course of one year.
Scott’s first book Ultralearning, is a Wall Street Journal Best-Seller, and in 2012 he gave a TEDX talk about his approach to learning and his time at MIT, which has been viewed over half a million times. He has written over 1000 articles on everything from holistic learning to finding the meaning of life. Scott is a master of self-teaching and learning, and an exemplary multi-hyphenate scholar.
In this episode, we talk about Scott’s journey with his learning challenges, including his infamous time with the MIT challenge. Scott tells us how he got into personal development and learning, and how he uses those skills in his day-to-day life. We’ll also talk about the emotional side of investing, and how to keep your anxiety at bay when making risky finance decisions. If you’re looking to up your learning intake and hear some investing tips, listen on!
Social Media:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net
Timestamps:
00:21- Scott’s Background and “Claim to Fame”
01:58- Scott’s Journey with the MIT Challenge
13:20- How Scott Became Obsessed with Personal Development
16:29- What Can We Do To Improve Our Learning Ability
19:16- How Scott Overcame Difficult Feedback
24:36- Telling the Difference Between Luck and Mastery
28:04- The Emotional Side of Investing
32:45- Scott’s Courses and Teachings
35:18- Scott’s Upcoming Ultra Learning Projects
Mentioned in the Episode:
- Scott’s Writings About His Learning Challenges- https://www.scotthyoung.com/blog/my-projects/
- Scott’s blog- https://www.scotthyoung.com/
- Scott’s Courses and Trainings- https://www.scotthyoung.com/blog/books-courses/
- Scott’s Podcast- Scott Young Podcast
Ultralearning Book- Ultralearning
Ready to be rolling in the dough?
Our goal at Dough Roller is to help you make the most of your money and provide easy-to-understand guidance on managing your finances, building wealth, and attaining financial freedom. Because it pays to be smart about money.
We are back and better than ever, so join us for a new episode every week on Mondays! The purpose of this re-introductory episode is to give you a glimpse of what’s to come and to welcome you, our listeners. Whether you’re just tuning in for the first time, or have listened to Dough Roller since the start, welcome!
In the coming months, we will be bringing on new hosts and special guests to have conversations with a diverse range of leaders in personal finance.
In these conversations, we will cover easy-to-understand financial tips, guidance on managing money, retirement planning, and best practices for saving. We’ll also dig deeper into hot topics in the finance world like cryptocurrencies, the gig economy, real estate, and much more!
We would love to hear from you, our listeners, so please connect with us through our socials and tell us what else you’d like to hear on the show!
With the Dough Roller Money Podcast you will learn how to make more, spend less, and invest the rest!
Social Media:
Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/
Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/
Follow Dough Roller on Twitter: https://twitter.com/doughroller
Check out the Dough Roller website and blog: https://www.doughroller.net
Rob discusses two basic approaches to rebalance your portfolio. The easiest approach is time-based and the second approach is market-based. Whichever approach you choose, you want to take emotions out of the equation. Remember, a good rebalancing approach is good enough.
Most people thinking about saving for retirement, but what about spending? How do you figure out how much you should spend in retirement? While there isn't a magic number, there is a withdrawal rate that historically, should help your portfolio last a good 50 years.
In this episode, Rob responds to a question from a listener: "Can you explain why small cap value might not be the best bet." Rob breaks down small cap vs. large cap stocks and value vs. growth. Which is better for your portfolio? Does it matter? You may be surprised at the answer. Here's what you need to know about small caps and how they can impact your portfolio.
Is there a formula for creating a perfect portfolio? In this episode, Rob answer's some listener questions and tells us what's important for building a sound asset allocation plan.
In podcast episode 337, Rob gives us an overview of where things stand with a possible second stimulus package. Find out Rob's predictions on what could be included in another stimulus deal and when we could expect it to happen.
Rob answers more questions from viewers in episode 336. Today he discusses where you should put your emergency fund, savings account and bond fund and talks about what on earth’s happening with interest rates.
Rob alluded to the bucket strategy in the last podcast (333) so we recommend you listen to that first and follow up with this to discover a practical strategy for managing your investments in retirement, which will help you avoid selling stocks during a bear market.
In this week’s podcast, Rob discusses something a little different - it isn’t directly about money but it will help you to grow your knowledge base in the spheres of investing and personal finance. Listen on for some top reading recommendations, Rob’s note-taking method and a couple of learning hacks.
In today’s podcast, Rob brings you up to speed on his own investments and portfolio during Covid-19 and discusses what retirement really means to him – and why it’s harder to stay retired than he thought! He hasn’t made any changes because of covid-19 but he does want to fill you in on the changes he’s made during this time.
Dividend investing can be a solid way to earn income from your investments, but there are risks associated with it too. Here's what to know first.
COVID-19 is impacting almost every aspect of our lives. Investors now wonder, does the 4% Rule still apply or is it null and void in this economic climate?
It’s not surprising if you are worried about how COVID-19 will affect your investments. Here's how investors can take control in this unprecedented time.
What are the common links between driving a car and automating your finances? Here's a hint, both can propel you forward. Take a listen to get your finances in gear.
In podcast 327, we address misinformation and assumptions about the 4 percent rule to give you a better understanding of how it works.
Talking to your parents about money can be awkward, but it shouldn't be. Having this conversation earlier in life can save you and your parents from legal battles and other turmoil. In this episode, we'll discuss these issues with Cameron Huddleston, author of Mom and Dad, We Need to Talk.
Rob starts podcast 325 with a new guest and a different format. Here he answers listeners’ questions with Cortlon Cofield, a CPA and personal financial specialist who runs Cofield Advisors, a financial planning firm that provides advice for millennial entrepreneurs.
In this episode, Rob discusses listeners’ debt problems, advising that if you’re able to pay off your debts in full, you should – not only for ethical reasons but also to protect your credit score!
Debt sucks--true or false? You may be surprised to hear our answer to this first quiz question and you may find yourself pleasantly surprised at how fun a quiz could be. You'll likely take away valuable information and maybe even change your perspective on debt.
Investment advice is everywhere. Some advice you'll find for free but if you're looking for professional advice, tailored to your financial situation and goals, you may have to pay for it. Is it worth investing in? We talk to Vanguard's Steve Utkus about assessing the value of advice.
Read More:
https://www.doughroller.net/investing/hire-investment-advisor-manage-investments/
Think Retiring Early is Just for the Wealthy? Think Again. Chris Mamula, author of Choose FI, achieved financial independence at a young age with a middle class salary. Here's his story.
Stay calm and don't run from a bear. The same holds true in a bear market. In fact, the next serious market crash could be the best thing to happen to your investment portfolio.
In this episode we're going to talk about the simple math behind the FIRE movement (Financial Independence, Retire Early). How do you even start to think about how much money you'll need when you're ready to retire? The good thing is, it's easier to figure out than you might think. Plus, Rob talks about his new book, which is now available on pre-order.
In this episode, Rob discusses the process of buying a home (he just bought one!) But how should he (and you) keep track of important documents? Rob created a shared spreadsheet that you can use to keep track of everything important related to his home.
In this episode, Rob gets theoretical: How much control do we actually have over our financial situation? Rob tackles the issue, and dives into the Latte Factor - the idea that if you stop buying your cup of coffee at Starbucks you'll end up with a million dollars in 40 years. Is that true, or does it rest on unrealistic assumptions?
In this episode, Rob talks about his plan to generate a million dollars in wealth through cash back rewards. He tries to strike a balance between maximizing cash rewards while maintaining simplicity by using just one credit card.
He walks us through which cards he's using, discusses Ebates, and shares his wisdom on earning cash back.
In this episode, Rob talks about investment fees and whether they really matter. Are fees important, or are the returns what we should be focusing on? Rob also takes a detour to discuss the Secure Act - a piece of legislation that would make changes to retirement accounts. Find out how it would affect you if it passes.
In this podcast, Rob takes a deep dive into what you get when you pay high advisory fees. He compares the Fidelity Freedom 2050 target retirement fund with the similar Vanguard 2050 retirement fund. He ends off with three questions to ask yourself before you leave an expensive managed investment fund:
- Is my advisor’s strategy truly adding value to my portfolio?
- Am I comfortable having all my money in just three or four funds?
- How will I handle it when my portfolio underperforms?
In this episode, Rob talks about Health Savings Accounts. He calls them "one of the best tax-advantaged accounts" you could have - he tells us why he has one and why you should too. Oh, and if you want to watch it on Youtube, the the podcast has a video new format - check it out!
In this episode, Rob discusses Balance Transfer Credit Cards. What are they, what aren't they. How to use them, how not to use them. Trick, traps. And everything else you should think about when you consider applying for a balance transfer credit card. He also answers some listener questions about the latest Flywheel episode and more.
In this episode, Rob answers listener questions about REIT funds and the Smart Beta. He also discusses the Flywheel, which describes investing as difficult to get started but easy thereafter. It’s a fun episode - enjoy!
In this episode Rob discusses four questions from readers focusing on investing for retirement. Oh, and his book is hitting the shelves soon - be sure to check it out!
In this episode, Rob discusses The Progress Principle, coined by Teresa Amabile and Steven Kramer, and gives advice on how to apply it to your financial life. From tracking your net worth to using the debt snowball to rid yourself of debt, Rob gives you the tools you need to progress in your financial life.
In this episode, Rob dives deep into best practices for asset allocation. Hint: There's no one right answer - everyone will have a strategy that works best for their own personal needs. But use the tools Rob gives you to figure out your own stocks vs. bonds allocation.
In this episode, Rob discussed a couple of financial tools he finds useful that can help you with budgeting, retirement planning, and much much more. One of the tools you might be familiar with, the other maybe not. As always, he hopes this episode will help you in your quest for financial freedom.
The markets declined recently. We all lost money, on paper. We all started to worry. and we questioned everything. In this episode, Rob talks about the psychology of facing a downturn in the stock market.
In this episode, Rob asks what's more important within the FIRE movement - the FI (Financial Independence) or the RE (Retiring Early). He also discusses the future of the movement in the face of the next bear market.
When it comes to money, things can become very confusing. This confusion can lead to stress, which leads to poor spending habits. In this episode, Rob tells us his four simple strategies to simplify the financial world in order to be successful with money in the long-term.
Rob teaches us how to manage an emergency fund after reading a discussion on the topic on the Dough Roller Facebook group. He tells us what he does with his own emergency fund, and give us some insight into the best alternatives that might be right for others.
In this episode, Rob tackles some questions from the Dough Rollers Facebook group. The common theme: should you pay off debt first and save or invest later? More Here
Today we look at the binder I put together to help explain our finances to my wife and children should I get hit by a truck.
Today we cover Warren Buffett's letter to Berkshire Hathaway shareholders and answer 3 lister emails.
Today we answer a listener's question about how to invest a $1.5 million inheritance for somebody in their 20's.
Today we interview Wayne Weber, founder of giftofcollege.com. The company makes it easy to give the gift of education by contributing to a loved one's 529 plan.
Today we talk with Jeanne Fisher, CFP of ARGI to discuss Roth vs. Traditional Retirement Accounts
We look at why you likely have more tan 30 different credit scores, and what they all mean.
We interview JW of The Green Swan to talk about his journey toward financial independence and early retirement.
We cover 0% balance transfer cards, including how they work, balance transfer fees, and how to use them effectively.
We discuss no penalty CDs and how they can be a great place to keep your emergency fund.
Today we talk with Paul Merriman about how to stick to an investing plan during a bear market.
Today we answer listener questions on target date retirement funds, the stock market, transferring investments, credit cards, and cash reserves.
Today we answer questions from our Facebook Group. We cover compound interest, lending money to friends and family and how to calculate how much you need to retire.
I review my experiences with two very different investment advisors. We'll discuss their fees, the issues they addressed, and recommendations they made for my finances and investments.
Today we talk with famed value investor, Guy Spier. The author of The Education of a Value Investor, Guy shares with us some of his investment approach that has enabled him to beat the S&P 500 for two decades.
Today with interview JL Collins, author of The Simple Path to Wealth. We talk about everything from investing to careers to financial freedom.
Rebecca Moffett and Ann Gill join us from Vanguard Charitable. We talk about charitable giving, how to evaluate charities, and donor advised funds.
With the Fiduciary Rule about to go into effect, we look at how fee-only advisors can hurt an investor.
We answer your questions, including whether the market is to rich for new investments, asset location, and short term investment goals.
Today we discuss why the stock market is a dangerous way to invest for short term goals. Instead, we give you four other options.
Here's my take on Paul Merriman's Ultimate Buy and Hold Strategy. We also answer three listener questions
Today we interview Blooom co-founder, Chris Costello. We talk about 401k investing and the state of the financial industry.
Trump just released his plan for individual and corporate tax reform. Here are the details.
Today we look at adoption, Tesla's valuation, index fund investing, budgeting with quicken, Roth 403b accounts, and more.
We talk about taking responsibility for our finances, the best budgeting apps, mortgages, real estate, and forming an LLC
We interview Chris White, author of Working with the Emotional Investor, Financial Psychology for Wealth Managers
Today we look at EE Savings Bonds and how to deal with the minimum investment requirement of mutual funds.
Today we talk about childhood money stories that affect how we handle money as adults, EE Bonds, asset allocation, and of course chess.
We interview certified financial planner Jeanne Fisher about asset and wealth management, including fees
Today we cover more healthcare, investment expenses, Schwab index funds, Motif Investing, investment returns, and what makes us happy.
Today we cover health care, COBRA benefits, commodities, tracking investments, and setting financial priorities.
We discuss health care, savings account rates, American Funds, retirement accounts, multiple streams of income, and hiring a CPA.
Today we answer your investing questions, including the relevance of past performance and backdoor Roths.
Today we look at 401k and 403b fees, and I share a mistake I made and how I'm going to correct it.
Today we answer your questions about everything from moving investment accounts to modified insurance policies.
Today we talk about the rise of robots, passive investing, and acorns (a FinTech investment service)
Today we answer some great questions by podcast listeners about investing. We cover RMD, asset allocation, asset location, free brokers, the fiduciary rule and a whole lot more.
In the final installment in our series of How to Build Wealth on Any Income we look at bond investing.
In our series on How to Build Wealth on Any Income, today we look at investing in REITs and commodity funds.
In our series on How to Build Wealth on Any Income, today we look at the benefits of investing in foreign stocks.
In our series on how to build wealth on any income, today we look at tiling an investment portfolio toward value funds
In our series on How to Build Wealth on Any Income, we look at how to leverage small companies in an investment portfolio.
In our continuing series on How to Build Wealth on Any Income, today we start a deep dive into asset allocation and how to build a solid investment plan.
In our series on How to Build Wealth on Any Income, today we look at what drives stock prices. So often investors see the market as a game, at best. The reality is that behind every stock mutual fund or ETF are real live businesses working to earn a profit. And it's ultimately profits that drive the direction of stock prices.
In our series on How to Build Wealth on Any Income, we look at the 7 things that affect investment returns.
We look at the importance of investment returns for generating wealth, and how even small differences in returns can have a huge difference on your wealth.
In our continuing series on How to Build Wealth on Any Income, we look at time, and the importance of investing as early as possible.
We cover six ideas on how to spend less than you make, including the value of life experiments and the spending audit.
Continuing our series on how to build wealth on any income, today we look at the important question of how much should you save.
Today in our series on how to build wealth on any income, we answer your questions on everything from 401ks to future stock market returns
Continuing our series on how to build wealth on any income, today we explore the incredible power of small amounts of money if invested over time.
Continuing our series on how to build wealth on any income, we look at the power of compounding.
In part one of our series on how to build wealth on any income, we look at the importance of the net worth statement. We explore how our monthly budget affects our net worth, and the importance of compounding.
We talk about 2016, a BHAG for 2017, net worth updates, your most frequently asked questions, and what to look forward to in 2017.
One percent doesn't seem like much. But pay an investment advisor 1% a year and it could easily cost your more than $1 million over a lifetime of investing. In this podcast, we look at why investment fees matter.
We respond to a listener's question about credit card debt. She wants to know if it makes sense to take out a personal loan to pay off four credit cards. We talk about why it can be a good move, but also a significant risk.
A listener named Steve is making some important investment decisions in his 401k. While we can't give him any specific advice, we use his choices to talk about common issues facing all retirement investors.
We look at credit card merchant category codes and how they affect cash back rewards. We also talk about 4 cash back card strategies.
Health Savings Accounts offer a tax advantaged way to pay for medical expenses. They only apply with high deductible health insurance plans. But if you have one, they can be used for everything from emergencies to retirement. We explain how in this episode.
With interest rates on the rise, we respond to a listener's question about bond investing. Specifically, should we avoid bonds now until we are comfortable that rates won't rise further.
Refinancing a mortgage can be a great way to save money. While falling interest rates often spark a refi frenzy, there are other reasons to refinance a mortgage. We look at the 4 key times refinancing can make sense and how to evaluate the cost savings.
If you’re a first-time homebuyer, shopping for a mortgage can be scary. There are just so many options out there, and you may not understand what all the terminology means. Before you apply for a mortgage, you should be sure that you understand what’s available. There are literally thousands of specific mortgage products on the […]
The post What Types of Mortgages Are There and Which One Is Right for You? appeared first on The Dough Roller.
Welcome back to our eighth – and final – installment of the How to Start an Online Business series. We’ve covered what you need (and don’t need) to make money online, how to set up a WordPress site, what you need to do to drive traffic to your business, and now, we’re going to talk […]
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Welcome to the 7th installment of our podcast series on launching your own, profitable website or blog. I’m glad you’ve stuck around and hope you’re learning a lot. In past posts, we’ve talked about picking the right domain name, setting up your WordPress site, and content strategy. Today, we are going to talk about driving […]
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I received my initial financial education, particularly as it relates to investing, courtesy of the school of hard knocks. My wife and I spent the first decade of our careers investing with an advisor, one who was paid by commissions on the products we were sold. In the process, we made many massive and expensive […]
The post Variable Annuities: What They Are and Why They’re a Bad Idea for Most Investors appeared first on The Dough Roller.
Welcome to Podcast 223, which is the 6th installment of our How to Start an Online Business series. I’m glad you’ve made it this far. If you’re just jumping in, we have covered picking a topic, getting a domain, and setting up a WordPress site in recent weeks. Today, we will be covering your content […]
The post How to Plan the Content for Your New Blog appeared first on The Dough Roller.
I‘ve recently received a couple of emails from readers about Health Savings Accounts. One comes from Robert, who writes: I would like you to cover HSAs in the future podcast. We just started using one, and we are getting confused and occasionally tripped up by some of the rules. And a podcast listener named Patrick […]
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Hello, again! Glad to see you back for the 5th installment of our How to Run an Online Business series. Last week we talked about Launching Your WordPress Site and the week before, Picking Your Domain Name. Today, we will be covering Content. So, you wanted to start a profitable blog. You’ve followed along with […]
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Welcome to the fourth installment of our Dough Roller podcast series, How to Start an Online Business. If you are just joining us, be sure to check out the first three installments, covering what it takes to run one, how to pick a topic, and picking your domain name. This week, I’m going to be […]
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This is part 3 of our podcast series, How to Start Your Online Business. If you haven’t been following along, be sure to check out part 1 (the big picture) and part 2 (picking a topic). Welcome back to another week of our Dough Roller series on starting your very own online business. Did you […]
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Welcome back for week 2! In last week’s podcast, DR 218, we covered a 100,000 foot level view of what it takes to start your own online business. At the end, I assigned some homework: figure out what your business is going to be about. Did you decide? Well, if you had trouble, no worries. […]
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This is Part 1 of 10 in our newest series, How to Start Your Own Online Business. One of the questions I receive most regularly is,”How do you make money online?” After all, who wouldn’t want the opportunity to work for themselves, on their own time? And the freedom to work anywhere you can find […]
The post What It Takes to Run An Online Business (Part 1) appeared first on The Dough Roller.
In my weekly Forbes column, I published an article on how to become a millionaire in under 20 years. There’s no mystery to it. Save a reasonable amount of money each month (maxing out a 401k will get the job done) and invest it wisely in low cost index funds. Done and done. And then […]
The post How to Become a Millionaire the Hard Way appeared first on The Dough Roller.
The Wall Street Journal had a report this weekend on how to snag the best mortgage rates. While some of the tips you’ve probably heard before, I thought it was still worth sharing. With rates at historic lows and real estate prices ready to rebound, it seemed like a good time to review the basics. […]
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Yesterday Britain voted to leave the European Union. Called BREXIT, the vote sent stock markets into turmoil. As of this writing, markets are down as much as nearly 8%: FTSE 100 (London): -4.24% NIKKEI (Japan): -7.92% DAX (Germany): -7.22% HANG SENG (Hong Kong): -2.95% The U.S. futures are also lower, with the DOW down nearly […]
The post What BREXIT Means for Long Term Investors–Nothing appeared first on The Dough Roller.
Type ‘broke athletes’ into Google and you’ll see a hall of fame that no athlete wants to be in. For example, boxer Mike Tyson’s career earnings of $300 million were gone by the time he filed for bankruptcy in 2003. NBA star Jason Caffey, who earned $35 million, filed for bankruptcy in 2007. Footballer Warren Sapp […]
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Taking out a mortgage is one of the biggest financial commitments you’ll ever make. It gives you the means to own your own home, but it’s also a decision you have to stick with for years. Some people call it “good” debt because it could increase your net worth. That said, it’s still debt, which […]
The post How to Make a 30-Year Mortgage Just as Smart as a 15-Year appeared first on The Dough Roller.
As your parents get older, they might appreciate a bit of help with managing their finances. Of course, many seniors are content to look after their finances by themselves and are more than capable of doing so. In some cases, however, aging parents need assistance paying bills and monitoring investments. If a parent does ask […]
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Note: This article is written by R.C. Thornton. He runs a tax relief company, and I had the chance to interview R.C. on the podcast. You can listen to the interview here: Did you know that 13 million Americans owe the IRS money right now? It’s a sad story that has played out millions of […]
The post Owe the IRS Big Money? Learn How to Solve Your Problem Here appeared first on The Dough Roller.
Evaluating your investment portfolio is a critical task for DIY investors. That’s particularly true if you have an investment advisor manage your money and are now considering taking over the reins. That’s exactly the situation of a reader named Dave who emailed me recently. He’s five to 10 years away from retirement. His investments are […]
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Think of the last personal finance book you read. What did you get out of it? How did it change your life? What are you doing differently today with your finances as a result of reading the book? These are some of the questions I started asking myself as looked through my large collection of […]
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The Department of Labor released its final regulation on what’s known as the Fiduciary Rule. The rule requires those offering paid financial advice on retirement accounts to put their client’s interests first. While at first glance the rule seems anything but objectionable, it raises some concerns. One key concern is cost. While fee-only advisors promote the […]
The post Finally, Investment Advice That Won’t Rob You Blind appeared first on The Dough Roller.
In many families one person handles the finances. In our case, I handle everything about our money from budgeting to investing. My wife has no interest in taking over this responsibility. And that presents a potential problem. What would my wife do should I get hit by a truck? How would she handle our investments? […]
The post The Money Binder: How to Prepare Your Finances For Your Death appeared first on The Dough Roller.
We recently received the following question from a reader named Sam: My question: As a first time home buyer, is it possible to leverage retirement accounts as a down payment? Is this a good idea? Does it matter whether its a TSP, Roth IRA, IRA, etc? I seem to be finding conflicting opinions/statements. The answer is not […]
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We look at YNAB 5, the new budget software, and evaluate both the good and bad changes to this excellent money management tool. We also talk about the 2015 letter to Berkshire Hathaway shareholders and how you can get an estimate of your future social security retirement benefits.
The post Review of YNAB 5 from You Need a Budget appeared first on The Dough Roller.
In this podcast we look at repayment plan options for those with federal student loans. Picking the best plan can lower your payments, and potentially save you a bundle.
The post How to Pick the Best Student Loan Repayment Plan appeared first on The Dough Roller.
Recently I had the chance to speak with Brad Lawler and Jason St. Peter, founders of DraftApp.com. This app enables investors to evaluate the asset allocation of their portfolio and compare it to other portfolios of like-minded investors. Think of it as crowdsourcing your investment portfolio analysis. As described by the company, “The app allows […]
The post Interview with Founders of Investment Portfolio Analysis App–Draft appeared first on The Dough Roller.
Cable TV costs a fortune. According to Leichtman Research Group, Inc., the average household pays $99.10 a month for TV. This represents at 39% increase over 2010 figures. With streaming options growing, however, many families have started to cut the cord. We even wrote a guide on how to get rid of cable while still […]
The post Cutting the Cord – How to Get Rid of Cable appeared first on The Dough Roller.
How did you do financially in 2015? It’s a curious question to ask entering a new year, wouldn’t you say? But only by measuring your progress in the most recent year can you get yourself mentally and financially prepared for progress in the year that’s now upon us. For that reason, we’ve prepared a 2015 […]
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If you enjoy writing, starting a blog is a fun way to meet new people and release some of your creative energy. It can also be a great way to make a little money on the side. While few bloggers are able to turn their hobby into a career, most of them are able to earn a little […]
The post How to Start a Blog and Earn Extra Money appeared first on The Dough Roller.
My wife and I opened a donor-advised fund several years ago. We chose Vanguard because it’s fees are some of the lowest available anywhere. Having made our charitable contributions through the fund, including donating appreciated stock and mutual fund shares, I thought it was time to cover this unique way to make donations. In addition, […]
The post Is a Donor-Advised Fund Right for You? appeared first on The Dough Roller.
Building wealth isn’t rocket science. Sure it can be hard to spend less than you make. And investing can be a bit overwhelming at first. But the math behind wealth is really simple. It only has three ingredients. And that’s true whether you’re Warren Buffett or a school teacher. It doesn’t matter how much you […]
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Income investing in retirement has a lot of initial appeal. Rather than selling shares of a mutual fund or stock, one can instead live off of dividends from stocks and interest from bonds. This approach feels much safer than actually selling part of your investment. The reality of income or dividend investing, however, is not […]
The post Income Investing in Retirement — The Pros and Cons appeared first on The Dough Roller.
Here is one of the most frequently asked questions in all of personal finance: “How do I get out of debt?” At one level, eliminating debt is simply about following a few steps: Stop going into more debt Spend less than you make Pay off debt with the difference If you follow these steps, eventually […]
The post 23 Powerful Tips and Tools to Eliminate Debt appeared first on The Dough Roller.
Everywhere you look, experts are telling you to contribute to your retirement accounts. Whether it’s advice from newspapers, blogs, financial planners, or friends, any advice that is worth taking must include planning for retirement. Why? Because it’s that important! Over time, setting aside a small portion of your monthly income can mean the difference between living a comfortable retirement and […]
The post Maxing Out Retirement Accounts: How Rich Could You Be? appeared first on The Dough Roller.
Retiring early is a dream held by many, but few people understand what it takes to make it happen. Even worse, many people don’t realize how much money they’ll need to retire early, so they hold out hope when their chances are slim. Still, it’s important to note that early retirement is absolutely achievable. With a commitment […]
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When it comes to credit reports and credit scores, the term “credit utilization” is a popular yet mysterious term that is thrown around frequently. If you have spent much time reading about credit, you probably have at least a vague concept of what credit utilization is. What is Credit Utilization In simple terms, credit utilization […]
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Taking care of your money can be exhausting. Budgeting, paying bills, and making deposits takes time, and it all adds up. It isn’t uncommon to spend several hours each week sorting through your bills and monthly statements. And if you’re like most people, it just causes you stress and takes up time that would be […]
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According to credit behemoth Discover, 82% of U.S. customers used online banking in the last 30 days. But they aren’t just using a standalone computer for their banking needs; they’re turning to smartphones, tablets, and other mobile devices to get the job done. In fact, according to recent data, the number of people banking on […]
The post Online vs. Traditional Banking: Which is Better? appeared first on The Dough Roller.
The stock market has been on a roller coaster ride this month. Just over a week ago the S&P 500 fell from over 2,100 to below 1,900, a drop of more than 10%. Then it recovered to finish last week at just under 2,000. What a ride! The financial press had a field day. Here […]
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One of the conundrums faced by anyone who wants to retire early is the 10% additional tax on certain early distributions from many retirement accounts. For example, if you retire at 50, you won’t be able to access pre-tax retirement accounts without incurring the 10% additional tax, unless you qualify for one of the exceptions […]
The post 5 Ways Early Retirees Can Avoid the 10% Penalty on Early Distributions appeared first on The Dough Roller.
All to often we make investing far more complicated than it really is. I was guilty of this when I first started investing back in 1993. Like the search for the Holy Grail, I was convinced that there was a perfect asset allocation plan. And I searched for it. I spent hours upon hours trying […]
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Imagine you spend 30 or 40 years saving and investing for retirement. With a long investing horizon, you stick with an aggressive asset allocation of 70% or more in equities. Now it’s time to retire and start spending some of your wealth. How should you invest? It’s a tricky issue. On the one hand you […]
The post How to Invest During Retirement – An Interview with Dr. Wade Pfau appeared first on The Dough Roller.
Not everybody has the luxury to make a down payment of a home of more than 20%. But if you do, how do you decide just how big of a down payment to make? That’s the question we received recently from a reader named Kevin: Here’s the email: Hi Rob, My wife and I are […]
The post How Much Money Should You Put Down on a House? appeared first on The Dough Roller.
Recently I read the 2015 edition of David Allen’s widely popular book, Getting Things Done—The Art of Stress-Free Productivity. The previous edition was an eye-opener for me, although to be honest, I didn’t implement his system. This time is different. I’ve jumped head first into the GTD cult. In this article I’m going to walk […]
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Personal Capital first introduced what is by far the best financial dashboard I’ve used. It’s a free online tool that tracks everything from your bank accounts to your investments. It comes with great graphs and charts that show your asset allocation, investing costs, and cash flow. Now they’ve introduced an equally impressive retirement calculator. I […]
The post The Ultimate Retirement Calculator (and it’s free) appeared first on The Dough Roller.
I’m of two minds when it comes to the world of free travel. On the one hand we can travel for free if we have the miles or points. And free is hard to beat. On the other hand, it takes a lot of time to build up the miles, mileage award tickets aren’t always […]
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In this podcast, we look at how you can increase your returns without increasing the overall risk to your portfolio. I call it the asset class swap, and it’s incredibly easy to do. Here’s how it works. From time to time an asset class becomes significantly overvalued or undervalued. This happened last year with REITs. […]
The post A Simple Way to Increase Your Returns Without Increasing Risk appeared first on The Dough Roller.
A reader named Jen recently sent me an email about 401k retirement accounts. James Altucher, a former hedge fund manager, had posted a video on Business Insider on why you shouldn’t invest in a 401k. When I first saw the video, I thought it was a parody. I didn’t realize he was being serious! Here’s […]
The post Calculating the Value of a 401k or IRA Retirement Account appeared first on The Dough Roller.
My brother and I were playing chess they other day. He had a winning move that we both missed. After the game we found it, and why we both missed is the inspiration for this article. The move we missed involved moving his Rook next to my King. My King would have been in check, […]
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There are a lot of tools out there to track your investments. One of my favorites is Personal Capital. It offers a free online financial dashboard that automatically tracks your investments and your spending. Today I have another option for you–a free spreadsheet that tracks your investments and tells you when it’s time to rebalance […]
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Several friends have recently contacted me about their retirement accounts. They are planning to retire and want to rollover their 401k to an IRA. So far, so good. While they managed their 401k for decades, however, they are uncomfortable managing the rollover IRA. The combination of a lot of money to manage and the consequences […]
The post How Advisors Kill Your Retirement Like The Walking Dead appeared first on The Dough Roller.
A listener to the Dough Roller Money Podcast recently emailed me about online security. He wanted to know whether our online financial lives—think banking, investing, credit cards, and the like—are safe. And what happens if a hacker does manage to compromise are accounts? Are just out of luck? To begin answering this question, I interviewed […]
The post Interview with Green Dot’s Founder and CEO, Steven Streit appeared first on The Dough Roller.
Over the last decade, motivated individuals have invented plenty of creative ways to make money on the internet. One of the most popular strategies involves the online auction site, eBay. All over the web, you can find countless examples of people who have used eBay to build fortunes and even long-term sustainable businesses. Many people […]
The post This Mom Created a 5-Figure eBay Business in Her Spare Time appeared first on The Dough Roller.
Imagine if you could increase your investment returns without increasing your risk? Now imagine you can do this with very little effort – and at no cost. I know, it sounds like the start of a late night infomercial. It’s not; it’s what’s called asset location. Recently I received a voice mail message from a listener named […]
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Investing is an emotional experience. With so much at stake, it can be an emotional roller coaster to watch the stock market gyrate from day to day. The topic of emotional investing came up in a recent email from a listener named Joe. He asked the following question: I’m a big fan of your newsletter and […]
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A listener to the Dough Roller Money Podcast recently sent in a question about credit scores. He wanted to know how canceling a credit card can affect a person’s credit score. The question comes from a listener named Travis: I was curious how much closing a credit card can hurt your credit score? I understand that […]
The post How to Cancel a Credit Card Without Crushing Your FICO Score appeared first on The Dough Roller.
Have you ever tallied up what it costs to own a car? I don’t mean on a year-to-year basis, but the total cost of owning a car over a lifetime? According to the American Automobile Association (AAA) it costs $8,876 per year to own and operate an average car. Now if you add that up […]
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Since launching the podcast in 2013, I’ve had the chance to interview folks about early retirement. It started with Mr. Money Mustache, who retired at the ripe old age of 30. Then we had Todd Tresidder on the show, a former hedge fund manager who retired at 35. More recently, we talked to Jason of […]
The post DR 171: How to Retire at 40 – Interview With Chris of Eat the Financial Elephant appeared first on The Dough Roller.
With April 15th just around the corner, I jumped at the chance to talk with Mark Steber, the Chief Tax Officer with Jackson Hewitt. Jackson Hewitt is one of the largest tax preparation services in the country. Mark has been with the company for about a decade and has worked in various facets of income […]
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This past weekend I spent several hours going through long forgotten papers. Like an old friend I haven’t spoke to in years, the paperwork brought back memories. The papers relating to finances were particularly interesting. For example, I found the sales receipt for a new 1965 Mustang my grandfather purchased for my step-mother when she […]
The post How Thinking Long Term Can Help You Manage Your Money appeared first on The Dough Roller.
Whether to pay off a mortgage early is an important decision. For some it’s a question of whether to allocate some extra cash each month to the mortgage. For others it’s a question of whether to pay off the home loan all at once. The lump sum approach often becomes an option from an inheritance […]
The post 5 Reasons Never to Pay Off a Mortgage Early (and 1 Reason You Must) appeared first on The Dough Roller.
Josh Peters is director of Equity Income Strategy for Morningstar, and has been for over 10 years. He is also the writer and editor of Morningstar DividendInvestor, the newsletter that is built around the portfolio that he manages. He is also the author of The Ultimate Dividend Playbook. His strategy is to emphasize the production […]
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Imagine retiring at the age of 33, after just 10 years in the workforce. A fantasy you think? Hardly. I interviewed Justin, founder and owner of the blog RootOfGood.com, where he discusses the financial aspects of early retirement, as well as the psychology behind it. This was an enlightening interview on a number of fronts. […]
The post DR 166: How a Husband and Father of 3 Retired at Age . . . 33 appeared first on The Dough Roller.
How much should you be saving? It’s a question that we ask a lot, and there are a number of rules of thumb. One answer is based on the 50/20/30 budgeting system. Popularized by Senator Elizabeth Warren, this rule of thumb suggests we should be saving 20% of our income. Any general guideline, however, has […]
The post Financial Freedom Calculator – How Much Should You Save? appeared first on The Dough Roller.
In his book, Money–Master the Game: 7 Simple Steps to Financial Freedom, Tony Robbins describes what he calls an All Weather Portfolio. It’s very heavy in bonds, commodities, and gold, which makes it a questionable approach to investing. Yet it’s loosely based on an investing approach called risk parity that’s used by Ray Dalio of […]
The post DR 164: Risk Parity Portfolio Construction with Dar Sandler appeared first on The Dough Roller.
Davd Swensen manages more than $20 billion in assets as the Chief Investment Officer of the Yale endowment fund. Several years ago he distilled his investment knowledge and experience into a book, Unconventional Success, for the average investor. The book is an excellent guide to low cost, passive investing. One of the many great aspects […]
The post DR 163: The David Swensen Unconventional Success Portfolio appeared first on The Dough Roller.
This could be the million dollar question itself, since it’s something that so many people want to know. And actually, at least mathematically, it’s a question that has an easy answer. It just depends on how much money you save and what you earn on your investments. But before we get into the mechanics of […]
The post How Long Does it Take to Become a Millionaire? appeared first on The Dough Roller.
What’s the best way to save for a child’s education? We compare three options–a 529 Plan, a Roth IRA, and a taxable account. Is it better to save for a child’s college education with a 529 plan or a Roth IRA? That’s the question that Dan, a listener to the weekly Dough Roller Money Podcast […]
The post 529 Plan vs. Roth IRA—How to save for college appeared first on The Dough Roller.
There are three major tax preparation software packages on the market that most do-it-yourself tax preparers will use – TurboTax, TaxACT and H&R Block. Comparing these three options to find the cheapest can be a real chore. Each has several editions with varying features. As a result, it is important to compare competing editions between […]
The post The Cheapest Tax Software of 2016–TurboTax vs TaxAct vs H&R Block appeared first on The Dough Roller.
In what order should you pay down your debts? For those working hard to get out of debt, it’s an important question. Often we focus on either the amount of our debt or the interest rates. But what if the interest rate on a loan can change, either because it’s a variable rate or perhaps a […]
The post How to Use the Debt Avalanche with Variable Rate Loans appeared first on The Dough Roller.
Investing in a 401(k) plan at work can be a lot like eating at a cheap buffet. There are a lot of options, but they’re all bad. For those trying hard to keep investing costs down and to invest with a solid asset allocation plan, having bad options in a 401(k) or 403(b) is like finding […]
The post How to Make the Best of a Bad 401(k) appeared first on The Dough Roller.
When you look at your investment portfolio, does Rube Goldberg come to mind? Goldberg was a Pulitzer Price winning cartoonist famous for drawing complicated contraptions designed to perform a simple task. In fact, Webster’s New World Dictionary defines a “Rube Goldberg” as a “comically involved, complicated invention, laboriously contrived to perform a simple operation.” […]
The post Was Your Portfolio Designed by Rube Goldberg? appeared first on The Dough Roller.
The tax implications of mutual funds and ETFs can make the tax code look simple. Unlike investing in individual stocks, mutual funds can generate capital gains even when you haven’t sold any shares of the fund. These distributions make asset location–whether to hold certain investments in taxable or retirement accounts–critical. To help us sort through […]
The post How to Limit Taxes from Mutual Funds and ETFs–An Interview with James Rowley of Vanguard appeared first on The Dough Roller.
Credit Card signup bonuses offer significant benefits. Many cards offer bonus miles or points worth $400 or more in statement credit. Other cards simply offer bonus cash or free airline tickets. A reader named Ben wrote to me recently asking about these bonuses: I’ve been curious about credit card sign on bonuses for a long […]
The post List of Credit Cards that Offer Signup Bonuses appeared first on The Dough Roller.
Imagine that could use an online tool that could help you choose the asset allocation for your investments, whether in an IRA or a taxable account, reinvest all of your dividends, rebalance your portfolio as the value of your investments change, and perform even more complicated strategies, like tax loss harvesting. Now imagine that this tool […]
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Tax loss harvesting is one of the few free lunches in the world of investing. With a little planning, you can reduce or even eliminate your capital gains in any given year. In some cases, you may also get a deduction from ordinary income of up to $3,000. Tax Loss Harvesting, sometimes abbreviated TLH, has come […]
The post A Guide to Tax Loss Harvesting & Robo Advisors appeared first on The Dough Roller.
So much of our lives are lived on autopilot. We go about each day pretty much the same way we lived the previous day, and likely how will live tomorrow. From our morning routine to our drive to work, to our coffee break mid-afternoon, to dinner with friends in the evening, our habits control many […]
The post 7 Ways to Harness the Power of Habit appeared first on The Dough Roller.
Two of the biggest robo advisors are Betterment and WealthFront. At first glance they may appear to be virtually identical. Both create diversified portfolios with similar low cost ETFs. Both rebalance your portfolio, reinvest your dividends, and offer tax loss harvesting. Both have slick, easy to use websites. But there are some significant differences between […]
The post Betterment vs. Wealthfront appeared first on The Dough Roller.
There’s been a steady rise in “victim mentality” propaganda. We hear it a lot from certain politicians who want to convince us that the “system” is rigged or that “income inequality” keeps us from improving our lot in life. Some talk about wanting to give us a fighting chance, as if America hasn’t already served […]
The post Are 401(k) and IRAs a Fraud? appeared first on The Dough Roller.
With the start of the new year, January is the perfect time to evaluate your finances. I did this recently, focusing on budgeting. I used to hate budgeting, but now I have a different view of it. I use YNAB, my favorite budgeting software, to make it easier. January is a natural re-set when it comes […]
The post 8 Budgeting Moves to Make for 2015 appeared first on The Dough Roller.
The wave of robo-advisors (e.g., Betterment, WealthFront, Personal Capital) have one thing in common–they can’t manage your 401(k) investments. Today I have the opportunity to interview Chris Costello, the co-founder of Blooom. For $15 a month, Blooom will automate the process of selecting an asset allocation and rebalancing your 401(k) investments. It works with just […]
The post How to Automate Your 401k–An Interview with Blooom Founder Chris Costello appeared first on The Dough Roller.
A few weeks ago in the Dough Roller weekly newsletter I asked the following question: “What would you do if you came into $10,000?” I received a lot of answers. What surprised me about the responses were how similar they were. The varied in the specific details of how people would spend $10,000, but they shared […]
The post DR 147: 10 Ways to Invest $10,000 appeared first on The Dough Roller.
How can thinking small help you accomplish big things? Why do most new year’s resolutions fail? And how can you baby step your way to a better 2015? I’ve been spending some time thinking of ways to be more productive. And that’s not about accomplishing everything, but rather accomplishing the most important things. For example, […]
The post DR 146: The Power of Daily Goals (and 15 ideas to get you started) appeared first on The Dough Roller.
Investors today must make countless decisions. We have to decide on the type of account to open, where to open it, an asset allocation plan, specific investments, mutual funds vs. ETFs, and the list goes on. It can be overwhelming. This hit home for me recently when I received the following email from a reader: […]
The post DR 145: 6 Keys to Successful Investing appeared first on The Dough Roller.
Choosing between competing financial priorities is one of the hardest things to do in all of personal finance. Over the years I’ve received countless email from readers asking variations of the same thing related to financial goals. Should you pay off all of your debts before you begin investing? Should you fully fund your retirement […]
The post DR 144: 6 Keys to Setting Financial Priorities appeared first on The Dough Roller.
It’s common financial advice to max out a 401k. Putting as much away in a tax advantaged account as possible is just smart financial planning. There is of course a limit to how much we can contribute each year to a workplace retirement plan. And that has some asking whether they should max out their […]
The post DR 143: Should You Max Out Your 401k Early in the Year? appeared first on The Dough Roller.
Your credit scores are never more important than when you are about to buy a home. That pesky 3-digit number can lower or raise your interest payments by tens of thousands of dollars over the life of a mortgage. So it was no surprise when a reader named Kelly sent me the following email: I […]
The post DR 142–How to Track All 3 of Your Credit Scores appeared first on The Dough Roller.
Financing a car is almost an automatic step. With the cost of the average car in the neighborhood of $32,000, very few people pay cash for a car. Yet this is just one of many times we shouldn’t go with the flow. There are plenty of reasons to pay cash for car, as well as […]
The post DR 141-6 Reasons to Pay Cash for a Car (and how to actually do it) appeared first on The Dough Roller.
It’s instructive and even inspiring to look back over the last year to see how you’ve lived. Reflecting on the good times and bad help us learn, grow and improve. So I was grateful to receive this email from a reader named Neil: Are you going to do a Best of 2014 show? I know […]
The post DR 140: The Best of 2014 appeared first on The Dough Roller.
The 3% mortgage is back. After years of turmoil in the housing market and recriminations on whose to blame, the low down payment mortgage has surfaced again. The 3% mortgage will mean more flexibility for homebuyers, and in some cases, for those looking to refinance as well. Until now, borrowers had a choice between conventional […]
The post DR 139: 3% Mortgages Are Back – Is This a Good Thing? appeared first on The Dough Roller.
Wealthfront is the largest and fastest growing automated investment service, with over $1.6 billion under management. And it all happened in just three years! I had a chance to interview Wealthfront CEO, Adam Nash. He shares his insights on the platform, and on investing in general. His educational background is in software and design, but […]
The post DR 138: Interview with WealthFront CEO, Adam Nash appeared first on The Dough Roller.
When people talk about early retirement, they often mean at 50 or 55 – and sometimes as early as 45. But today’s podcast interview is with Todd Tresidder, a fascinating guy who managed to get out of the rat race at 35. I interviewed Todd about his life before retirement, what he’s been doing since, […]
The post DR 137: Interview with Todd Tresidder, a Former Hedge Fund Partner Who Retired at 35 appeared first on The Dough Roller.
As robo advisers grow in assets under management, more people are beginning to ask if using one is the right strategy. My last podcast on robo-advisors brought this email from a reader named Steve: The other timely podcast was the robo-advisor one. I’m in the process of helping my mom move her accounts from Morgan […]
The post DR 136: 5 Reasons Robo Advisors are Worth the Cost appeared first on The Dough Roller.
Imagine going to college while raising a young child. Imaging graduating from school with more than $200,000 in student loans. Imagine starting a new career as a single mom raising three children. Imagine tackling more than $15,000 in credit card debt. I give you Christa Miller. In today’s podcast she shares her story. We talk […]
The post DR 135: How a Single Mom of Three is Achieving Financial Freedom–Interview with Christa Miller appeared first on The Dough Roller.
Since starting my small business in 2007, I’ve used a business card for several reasons. My business credit card easily separates personal expenses and business expenses. I use GoDaddy’s online bookkeeping tool. It automatically imports all the charges from my business credit card, so these expenses are exceptionally easy to track. This makes preparing annual […]
The post 10 Top Small Business Credit Cards of 2016 appeared first on The Dough Roller.
Email is a real pain. Most of us have multiple email accounts. The inbox can easily pile up with junk, often resulting in important email getting lost or forgotten. For many, inbox zero is nothing but a pipe dream. This hit home for me recently. I have four primary email accounts that I monitor. One […]
The post DR 133: Inbox Zero–A Simple Strategy to Conquer Your E-mail appeared first on The Dough Roller.
The first so called Robo Advisor I recall is Betterment. Several years ago I met its founder, Jon Stein, and recently interviewed him for the podcast. Since then I’ve used or evaluated Motif Investing, Acorns, Wealth Front, Future Advisors, and JemStep. I’ve also used extensively the free Financial Dashboard offered by Personal Capital. It was […]
The post DR 132: Robo Advisors–The Pros and Cons appeared first on The Dough Roller.
One of the biggest surprises for me as a blogger was the retirement plan options available to a small business owner. While a 401k maximum contribution is $17,500 (as of 2014) and an IRA is $5,500 (as of 2014), as a small business owner I can sock away more than $50,000 a year. It almost […]
The post DR 131: Retirement Plan Options for Small Businesses–An Interview with Fidelity’s Brian Hogan appeared first on The Dough Roller.
The many ways to save money are limited only by our imagination. That’s why I asked the readers of the Dough Roller Newsletter their #1 money saving tip. In past weeks they have given some great replies to other questions: What is your favorite book about money? Where do you keep your emergency fund? What […]
The post DR 130: The #1 Way to Save Money Is . . . appeared first on The Dough Roller.
I‘ve struggled with productivity for years. Give me a deadline and I can work like a rented mule. Leave me to my own devices, however, and I’m as productive as carefree summer day at the beach. This really came to light for me when I started working from home. With no supervisors and few hard […]
The post DR 129: 5 Simple Strategies to Stay Productive Working from Home (bet you never thought of #5) appeared first on The Dough Roller.
With a son and daughter now grown, I often wonder how well I prepared them to handle finances. While they are both now in their early 20’s, the truth is that their financial education is far from over. I continue to work with them on everything from budgeting to investing. And that’s why Rob Pivnick’s […]
The post DR 128: What All Kids Should Know About Saving & Investing–An Interview with Author Rob Pivnick appeared first on The Dough Roller.
Robo-advisors are all the rage today. These online tools help automate investing, from picking an asset allocation plan to buying the mutual funds or ETFs to rebalancing. What they don’t do, however, is help us with broader financial planning tasks. Enter iQuantifi. Founded by Tom White, a former financial planner and investment advisor, iQuantifi is […]
The post DR 127: iQuantifi–Interview with its Founder Tom White appeared first on The Dough Roller.
In last week’s newsletter I asked the following question: What is your favorite book about money. Some of the responses listed popular books. Some mentioned books that were new to me. Each of the books offers some real insight into personal finance and investing. Arguably the best thing we can do to improve our finances […]
The post The Most Popular Personal Finance Books appeared first on The Dough Roller.
It was bound to happen sooner or later. It started with an innocent email from a listener of the Dough Roller Money Podcast. They asked if I would dedicate a show to talking about . . . me. For better or worse, they wanted to know about the guy behind the mic. Do that triggered […]
The post DR 125: A Podcast Listener Interviews . . . Me appeared first on The Dough Roller.
Where do people stash their cash for emergencies? That’s the question I asked more than 18,000 subscribers to the weekly Dough Roller newsletter. The common wisdom is to keep emergency funds in an FDIC insured bank account, preferably one that pays a high yield. But with interest rates at historic lows, are people taking on […]
The post DR 124: Where Do People Keep Their Emergency Fund? appeared first on The Dough Roller.
I met Joshua Sheats earlier this year at a blogger conference. In the span of 30 minutes we talked about everything from budgeting to investing to careers to podcasting. A certified financial planner, among other things, Joshua spent many years in the business. Recently, he hung up his calculator and started a podcast full time […]
The post DR 123: Interview with Joshua Sheats, CFP, of Radical Personal Finance appeared first on The Dough Roller.
A lot has been written about good debt vs bad debt. As the names suggest, the idea is to avoid bad debt and embrace, at least to a point, good debt. But what do these terms really mean, and how can they help us make sound financial decisions? Like so many financial rules of thumbs, […]
The post DR 122: Good Debt vs. Bad Debt appeared first on The Dough Roller.
Imagine you’ve worked hard and saved for retirement. You have assets in taxable accounts, traditional retirement accounts, and Roth retirement accounts. When you retire, which accounts should you withdraw from first? That’s the question I posed to Stuart Ritter of T. Rowe Price. In the interview that follows, Stuart does a great job of discussing […]
The post Which Retirement Accounts Should You Withdraw From First? appeared first on The Dough Roller.
Prioritizing financial goals is one of the hardest things to do. And it comes into play in so many different ways. How much would you save for an emergency fund while you’re paying off all your debt? Which debt should you pay off first? Should you pay off all your debt before saving for retirement? […]
The post DR 120: Should You Save for Retirement or a Home? appeared first on The Dough Roller.
One of the most important and confusing decisions retirees must make is how and when to claim social security benefits. There are countless things to consider including age to start taking benefits, whether you’ll continue to work, spousal benefits, and full retirement age. For that reason, I asked Social Security benefits expert Marc Kiner to […]
The post DR 119: Advanced Social Security Benefits Strategies–Interview with Marc Kiner appeared first on The Dough Roller.
It’s advice we hear time and again–stick to your asset allocation plan. Whether the stock market is reaching new highs are new lows, don’t change your investments apart from rebalancing. It’s the kind of advice that is simple to understand, but difficult to follow. In fact, a lot of investors don’t follow this advice. In […]
The post DR 118: 9 Actionable Tips to Help You Stick to Your Investment Plan appeared first on The Dough Roller.
The release of the iPhone 6 and iPhone 6 Plus raises an important question–is the iPhone 6 worth the cost? While nobody can answer that question for you, I decided to pull together as much information as I could on how to find the best deal on the 6 and 6 Plus. What a headache. […]
The post Cheapest Place to Buy a iPhone 6 appeared first on The Dough Roller.
This is the third article in an ongoing series on dividend investing. In part 1 we started with an introduction to dividends. In part 2 we examined how dividends work in conjunction with mutual funds. Today we are going to look at dividend growth. My goal for this article and podcast is to convince you […]
The post DR 116: Dividend Investing (Part 3)–Dividend Growth appeared first on The Dough Roller.
In many families, one spouse handles the investments. As for the other spouse, he or she often has little interest in understanding mutual funds, ETFs, asset allocation, or retirement accounts. Yet what would happen if the one handling the investments were to die or incapacitated. How would the non-investing spouse handle this important responsibility? The […]
The post DR 115: How to Prepare Your Spouse to Invest When You Are Gone appeared first on The Dough Roller.
Tracking your net worth is an essential step to managing your finances. In a single number your net worth can measure your financial progress, whether you are climbing out of debt, building an investment portfolio, or both. We’ve covered how to track your net worth in the past. Recently I received an email from a […]
The post DR 114: 3 Tools to Track Your Net Worth appeared first on The Dough Roller.
How should you invest money in a 529 plan? These college savings plans present some unique investing challenges. On the one hand you want the money to grow to at least keep up with the rising cost of college. On the other hand, there is a limited time horizon. Assume too much risk and the […]
The post DR 113: How to Invest in a 529 Plan appeared first on The Dough Roller.
Have you ever paid off a debt only to find that it caused your credit score to drop? That’s exactly what happened to Lakisher, a listener who graciously sent me the following email: “I have a question. I think I know the basics of my credit and credit report but I recently paid off my […]
The post 7 Things that Cause Your Credit Score to Fluctuate from Month-to-Month appeared first on The Dough Roller.
What should you do with your 401k or 403b when you leave your job? This is a question that confronts more and more people. According to the Department of Labor young Baby Boomers held on average 11.3 jobs from age 18 to 46. So it was no surprise when I received the following email from […]
The post DR 111: What Should You Do With Your 401k When You Leave Your Job appeared first on The Dough Roller.
Recently two readers emailed me about cash back credit cards. Their questions prompted me to put this guide together to help readers better understand, compare, and choose a cash rewards credit card. First let’s look at the emails. From a reader named Pop: You have a great post on a strategy to use cash back […]
The post DR 110: The Complete Guide to Cash Back Credit Cards appeared first on The Dough Roller.
The 5-year rule on Roth IRA distributions comes in two flavors. The first applies to earnings from Roth IRA contributions. We covered the rule in Podcast 105. The second aspect of the rule applies to distributions of Roth IRA conversions. That’s what we’ll look at today. Listen to this Article 1. The Two 5-Year Rules […]
The post DR 109: The 5-Year Rule on Roth IRA Conversions appeared first on The Dough Roller.
Imagine you’ve just inherited some money. The amount just happens to match the outstanding balance on your mortgage. Now you have a decision. Do you pay off the mortgage or invest the money for retirement. That’s the question facing a podcast listener named Shelly. Here is her email to me: Great job on your podcasts. […]
The post DR 108: Should You Pay Off Your Mortgage or Invest for Retirement? appeared first on The Dough Roller.
It’s time for our monthly investment portfolio update. In each update I run through the tools I use and the results of my investments. I show you the good and the bad. We’ll even cover some mistakes I’ve made and what I’ve learned from those mistakes. Let’s start with the tools and a high level […]
The post DR 107: Monthly Investment Update–September 2014 appeared first on The Dough Roller.
It’s not an overstatement to say that budgeting is the foundation upon which all lasting wealth is built. That’s true whether you make $40,000 a year as a teacher or $40 million a year as an entertainer. If your cash flow is well managed, you can build wealth on any income. If it’s not well […]
The post DR 106: 8 Black Belt Budgeting Tips appeared first on The Dough Roller.
The Roth IRA was established by the Taxpayer Relief Act of 1997 and named after its chief legislative sponsor, Senator William Roth of Delaware. The Roth IRA enables individuals with earned income to contribute after-tax (nondeductible) money to the retirement account. If the rules are followed, the money grows tax free. Unlike a traditional IRA, […]
The post DR 105: The 5-Year Roth IRA Rule for Contributions (breaking the rule is costly) appeared first on The Dough Roller.
Is it possible to build $1 million in net worth in 10 years starting from scratch? In today’s interview with Alan Corey, author of A Million Bucks By 30, we’ll learn exactly how one man did it. I learned about Alan and his book from a listener named Natalie, who I had the pleasure of interviewing […]
The post DR 104: Rags to Riches and Back Again–Interview with Million Bucks by 30 Author Alan Corey appeared first on The Dough Roller.
If you’re a small business owner – whether you have employees or not – the thought of setting up a retirement plan can be overwhelming. 401ks and even SEP-IRAs are swimming in rules and regulations. What business owner really has enough hours in the day to deal with it? For that reason, I asked Chad […]
The post DR 103: The Small Business 401k–Interview with CEO Chad Parks of The Online 401(k) appeared first on The Dough Roller.
One of the best retirement savings tools is often overlooked. The tool can save you thousands of dollars in taxes and sleepless nights if you made a mistake with your IRA. And yet according to a 2010 study by Fidelity less than one-third of investors are aware of this tool. I’m referring to what’s called […]
The post DR 102: 4 Times Recharacterizing an IRA Conversion or Contribution Can Save Your Bacon (Literally) appeared first on The Dough Roller.
Should you use a Health Savings Account (HSA) to save for retirement? That’s the question a listener to the Dough Roller Money Podcast asked recently. Here’s Mike’s email: Hi Rob, I have a question about my HSA at work. I have about $14,000 in it. I have not used it at all in the past […]
The post Should You Use an HSA for Retirement Savings appeared first on The Dough Roller.
To commemorate the 100th episode of the Dough Roller podcast, I pulled together 100 ways to improve your finances. Let’s get started. 1. Balance your checkbook: Balancing a checkbook helps you focus on where you’ve spent your money and it ensures your bank hasn’t made any mistakes. With the help of budgeting tools such as […]
The post 100 Ways to Improve Your Finances (Most in Under 10 Minutes) appeared first on The Dough Roller.
A reader we’ll call Frank recently emailed me about his advisor (we covered part of his email about dividends here). She had placed him in A shares of American Fund mutual funds. This told me he was working with a commissioned-based broker, as these mutual funds charge a sales fee of 5.75% to compensate the […]
The post DR 099: 5 Gotchas with Commissioned Based Brokers appeared first on The Dough Roller.
We began our series on dividend investing by examining the ins and outs of dividends. Today we continue the series by looking at how dividends work with mutual funds and whether the yield on a fund should be a key consideration in our investing decisions. This topic came to light from an email I received […]
The post DR 098: Dividend Investing (Part 2): Mutual Funds and Dividends appeared first on The Dough Roller.
The Fair Isaac Corp., better known as FICO, has introduced three major changes to its secret credit scoring formula. The changes relate to items referred to collections, medical debt, and consumers with limited credit history. Believe it or not, these changes may result in higher scores for many consumers. Here are details on the three […]
The post DR 097: 3 Key Changes Just Made to the FICO Credit Scoring Formula appeared first on The Dough Roller.
One of my favorite aspects of investing is receiving a dividend payment. Each month I look to see how much I earned in dividends, and I track this amount yearly. In fact, dividends play a significant role in my investment policy related to individual stocks. With the exception of Berkshire Hathaway, every business whose shares […]
The post DR 096: Dividend Investing (Part 1)–What are Stock Dividends? appeared first on The Dough Roller.
Photo: Phil Romans Saving to buy a home is both exciting and overwhelming. When my wife and I were saving to buy our first home, I thought we’d never have enough for the down payment. But somehow we came up with the money. One of the keys to our success was saving the cash in […]
The post DR 095: 5 Places To Keep Your Down Payment When Saving to Buy a Home appeared first on The Dough Roller.
Most of us use a lot of tools to manage our money, budget, investments, and so forth. So I thought I’d pull together a list of the tools I use nearly every day. Hopefully you’ll find some options here that will help you make the most of your money. Investing 1. Personal Capital: Without question […]
The post 22 of the Best Tools to Manage Your Money (most are totally FREE) appeared first on The Dough Roller.
In the world of tax-advantaged retirement savings accounts, there are plenty of options. But the two most commonly-used options are the 401(k) and the IRA. Both come in traditional (save taxes on contributions) and Roth (save taxes on withdrawals) options. While there are many similarities between a 401k and an IRA, there are also some […]
The post DR 093: 401(k)s vs. IRAs: What are the Pros and Cons? appeared first on The Dough Roller.
It all started with a simple question about dividends and mutual fund fees. A listener to the podcast named Stephanie wanted to know if a fund’s returns were after fees and dividends. (They are.) After I learned more about Stephanie’s finances and career through several email exchanges, I popped the question. No, not that question. […]
The post DR 092: How One Doctor is Learning to Invest Like a Pro appeared first on The Dough Roller.
If you have self-employed income in addition to your regular job, can you contribute to a SEP IRA even if you have a 401k at work? This question hit home for me a few years ago due to the income generated from this website. To get right to the point, the answer to the question […]
The post DR 091: Don’t Make the Same $100,000 Retirement Mistake I Just Made appeared first on The Dough Roller.
It’s without a doubt the most frequent question I receive from readers of this blog. People want to know whether they should put their retirement savings in a Roth vs traditional IRA or 401k. I’ve written a lot about these retirement options. If you are new to retirement accounts, I’d suggest you start by reading […]
The post DR 090: Roth vs. Traditional IRA or 401k: The Math Behind This Important Decision appeared first on The Dough Roller.
We face countless personal finance decisions every day. They range from the seemingly trivial (should we go out for dinner) to the more impactful (how much should we spend on a home). Yet each of these decisions work together to over a lifetime to define our finances. Over the course of running this blog since […]
The post DR 089: 12 Keys to Making Smart Financial Decisions (#7 is a Doozy) appeared first on The Dough Roller.
Recently a number of listeners to the podcast have asked about evaluating real estate investments. They want to know how much rent they would need to charge for a specific property to make it a “good” investment. The good news is that evaluating the numbers is really simple. Today we’ll look at 3 key ratios […]
The post DR 088: 3 Key Ratios to Evaluate Real Estate Investments (#1 is All You Really Need) appeared first on The Dough Roller.
You’ve probably heard a lot of stories recently about new graduates with mountains of student loan debt. It’s not uncommon to hear of students with $100,000+ in school loans. Today I wanted to share a success story with you that bucks this trend. This story is about a young woman who made different choices when […]
The post DR 087: How Natalie Graduated Debt-Free, Paid Cash for a Car, and Bought a Home (She’s Only 24!) appeared first on The Dough Roller.
Recently I’ve started receiving the Morningstar Portfolio Monitor. It’s a monthly pdf that Morningstar puts together for premium members who track their portfolio using Morningstar’s Portfolio Manager. Simply put, it’s an amazing look into an investment portfolio. In this article we’ll walk through a detailed review of the Portfolio Monitor (including screenshots). At the end […]
The post DR 086: How to Spy on Your Own Investment Portfolio appeared first on The Dough Roller.
Many people keep some form of a budget. We use our favorite budgeting tool, YNAB. Others use a spreadsheet or pen and paper. Whatever the approach, a budget helps you understand your income and expenses. Fewer people track their net worth. A net worth statement tracks your assets and liabilities. It’s the scorecard of personal […]
The post DR 085: How Your Budget and Net Worth Statements Work Together to Build Wealth appeared first on The Dough Roller.
It’s a good problem to have. You’ve maxed out your 401k and IRA contributions for the year and you still have some more cash to invest. What are your options? That’s the situation a reader named Harout recently emailed me about: I am a little obsessed with your podcasts. I listen to about one a […]
The post DR 084: Where To Invest When You’ve Maxed Out Contributions To Retirement Accounts appeared first on The Dough Roller.
Have you ever wondered how professional bloggers get started and make a living? Blogs don’t just spring up overnight. They take months – even years – of hard work. But the work can be well worth the rewards, if you do it right. The best way to learn about starting a blog is to talk […]
The post DR 083: How to Blog for a Living – An Interview with Bob Lotich of ChristianPF appeared first on The Dough Roller.
Exactly how much should you be saving for retirement? It seems that everybody has an opinion on this deceptively simple question. Actually, it is simple to answer, so long as you understand the implications of your choices. To address this question, we are going to look at the standard rules of thumb on retirement savings. […]
The post DR 082: How Much Should You Be Saving for Retirement? appeared first on The Dough Roller.
Do you have student loans? Do you know someone who does? If you answered “yes,” then check out this interview with Andrew Josuweit, one of the founders of Student Loan Hero. It’s an excellent tool to help graduates organize their student debt, manage payments, and – hopefully – get out of debt faster. Topics Covered […]
The post DR 081: Take Control of Your Student Loans with Student Loan Hero (An Interview) appeared first on The Dough Roller.
It’s official. Credit scores are the most confusing aspect of personal finance. The FICO formula remains largely a mystery. And don’t get me started on the multiple versions of credit scores out there. By one account, you may have 49 different FICO scores, not to mention dozens of credit scores calculated using non-FICO formulas. So […]
The post DR 080: How to Build Credit When You Are Just Starting Out (the Smart Way) appeared first on The Dough Roller.
If you are in the market to buy your first or next home, a HUD home could potentially save you tens of thousands of dollars on the purchase price. While buying a HUD Home can save you a lot of money, there are some things to watch out for. In this article we’ll cover the […]
The post DR 079: HUD Homes–Saving Big Money with HUD Foreclosures appeared first on The Dough Roller.
As regular readers know, I’m a big believer in DIY investing. One of my goals for this site, my free weekly newsletter, and the podcast, is to arm investors with the information they need to invest on their own. Some folks, however, will still want some help. For these folks, my goal is to promote […]
The post DR 078: Are Low Cost Investment Advisors a Myth? [Interview with Mitch Tuchman of Rebalance IRA] appeared first on The Dough Roller.
One of the great things about producing a podcast are the emails I receive from listeners. Recently a listener named Kate emailed me about the 50-20-30 budget. One thing led to another, and now Kate and her fiancé Trevor are guests on the show. Kate and Trevor’s story was so inspiring that I wanted to […]
The post DR 077: Teamwork for Your Budget – An Interview with Listeners Kate and Trevor appeared first on The Dough Roller.
It’s a hotly debated question. Is it better to buy or rent? We covered this question in detail in Podcast 59. Many argue that buying is best because on average homeowners have a higher net worth than renters. Rather than looking at averages, however, today we are going to look at an actual case study. […]
The post DR 076: Is a Home a Good Investment? The Numbers Will Surprise You appeared first on The Dough Roller.
Recently I reviewed what Dave Ramsey calls his Endorsed Local Providers (ELPs). As I was doing research for that review I learned of Dave’s view that historically the S&P 500 has returned 12%. I also learned that he believes it will continue to do so over the long run. This was curious to me for […]
The post DR 075: The Reality of Dave Ramsey’s 12% ‘Reality’ (and why it really matters) appeared first on The Dough Roller.
Many have said that Robert Kiyosaki’s ‘Rich Dad, Poor Dad’ book is a piece of fiction. Apparently, he never had a rich dad and a poor dad as described in his book, or at least that’s what many believe. But I did. My parents divorced before I was two, and both remarried. My father, who […]
The post DR 074: My Real Life ‘Rich Dad, Poor Dad’ appeared first on The Dough Roller.
Next to the tax code, differential equations, and why Gilligan and the other castaways could never get off the island, annuities are really difficult to grasp. Frankly, any time you mix insurance products with investing products the result is ugly. Yet annuities can be a smart way to save for retirement and to generate income […]
The post DR 073: Annuities 101–Interview with Tim Holmes of Vanguard appeared first on The Dough Roller.
When it comes to mortgages and credit scores, there are two really important questions to ask: What credit score do I need to qualify for a mortgage? What credit score do I need to get the lowest interest rate on a mortgage? These different but related questions are important if you are looking to buy […]
The post DR 072: What Credit Score do You Need to Buy a Home? appeared first on The Dough Roller.
I‘ve always been suspicious of dollar-cost averaging. With DCA, rather than investing the cash you have all at once, you invest chunks of it over time. For example, you might invest $12,000 over the course of a year, $1,000 each month. In contrast, with lump sum investing, you’d put the full $12,000 to work right […]
The post DR 071: Dollar-Cost Averaging Versus Lump Sum Investing–Which is Best? appeared first on The Dough Roller.
Several years ago I met Betterment’s founder and CEO, Jon Stein. At the time, Betterment was just getting started, and we had a chance to talk about what Betterment offered investors. Since then Betterment has grown significantly, with over $500 million under management. To find out what is new and to learn more about Betterment, […]
The post DR 070: Investing Made Easy – An Interview with Betterment Founder Jon Stein appeared first on The Dough Roller.
Dave Ramsey may have helped you climb out of debt, but should you now follow his investing advice? His views on investing have come under fire lately. From his claim that stocks return 12% annually to his love of growth mutual funds, professional advisors have not been shy about their criticism. (Save Like Dave Ramsey. […]
The post DR 069: Are Dave Ramsey’s Investing ELPs Good for Your Wealth? appeared first on The Dough Roller.
How can the numbers 50, 20, and 30 help you manage your finances? Today, we’re going to talk about the 50-20-30 rule of budgeting. A company called LearnVest popularized this rule of budgeting recently, but it’s been around long before them. I’ve seen many financial experts write about it, as well. The bottom line is […]
The post Is the 50-20-30 Budget a Good Rule of Thumb? appeared first on The Dough Roller.
We’ve been getting lots of reader questions recently on student loans – what to do with them, how to pay them off, and whether or not to consolidate them. Luckily, I was recently contacted by a relatively new company, SoFi. This company specializes in consolidating and refinancing student loans, and it could offer a great […]
The post DR 066: How to Refinance Your Student Loans – Interview with Dan Macklin of SoFi appeared first on The Dough Roller.
What happens to your Facebook account if you die? And would your relatives be able to access your online bank accounts, should the worst happen? What tools can you use to manage all the login credentials for these online accounts so that you can easily get them to the right people at the right time? […]
The post DR 065: How to Pass Your Digital Assets to Your Loved Ones When You Die appeared first on The Dough Roller.
What can we learn from a man who has blogged about personal finances for over 8 years? Quite a lot as it turns out. JD Roth has much to say on how to make better financial choices, and about what personal development has to do with personal finance. Topics Covered in the Interview How JD […]
The post DR 064: How to Manage Your Money Like a CFO–Interview with JD Roth appeared first on The Dough Roller.
I recently read an article by John Bogle, the founder of Vanguard. The article, The Arithmetic of “All-In” Investment Expenses, is a very detailed piece about investing costs over and above what’s reflected in the expense ratio of a fund or ETF. There are four “hidden” mutual fund fees that aren’t captured in the expense […]
The post DR 063: The Four Hidden Fees of Mutual Funds (This Could Save You 33%!) appeared first on The Dough Roller.
I‘ve received several emails recently about the topic of hiring an investment advisor. This is a very important question, and I suspect many wrestleg with this issue. Whether you’re just starting out and trying to figure out how to invest, or you’re nearing retirement with a decent nest egg, you may be thinking about this […]
The post DR 062: 3 Questions to Ask Before You Hire a Financial Advisor appeared first on The Dough Roller.
Why does the excitement of a pay raise wear off in just a few months? Why does the “shine” of your new gadget or gorgeous new home wear off so quickly? The answer is hedonic adaptation. Some people also call it the hedonic treadmill. It sounds philosophical, but it’s really relevant to how we make […]
The post DR 061: 6 Ways to Harness the Power of Hedonic Adaptation appeared first on The Dough Roller.
What are dividends, buybacks, and stock splits? Are they good or bad for investors. These things have a big impact on investors, but many investors don’t really understand them. So we’re going to talk about what these three things are in the context of a popular, well-known company – Apple. Recently, Apple announced its second […]
The post DR 060: The Basics of Dividends, Stock Splits, and Buybacks appeared first on The Dough Roller.
Is renting or buying a home better? How do you determine which is right for you? Is there a basic rule of thumb you can use to make this decision? A reader named Joe recently wrote in asking if it’s better for him to rent or buy. This is a timely question, and it’s one […]
The post DR 059: Should You Rent a Home or Buy One? appeared first on The Dough Roller.
A reader named Aaron sent me an email recently asking about gold and silver. He wanted to know if they should be a part of a diversified portfolio. He writes: Hi, Rob. I enjoy reading your tips, and I’ve put a lot of them in place for our retirement savings. My question is: what is […]
The post DR 058: 6 Reasons Gold is a Terrible Investment appeared first on The Dough Roller.
In the most recent State of the Union Address, President Obama unveiled the myRA – My Retirement Account. Another retirement savings option? Yes. In addition to 401k, 403b, IRA, Roth IRA and a host of other types of retirement accounts, later this year we can add the myRA to the list. In this article we’ll […]
The post DR 057: 9 Things to Know About the myRA appeared first on The Dough Roller.
How can you budget like a Zen master without tracking every dime you spend? How do you budget for those oddball expenses that pop up from time to time? As someone who goes in budgeting spurts, I’ve learned the hard way how to make our budget work. Recently, this has been at the forefront of […]
The post 7 Ways to Budget Like a Zen Master appeared first on The Dough Roller.
A great success story can be very motivating. And that’s exactly what Beverly Harzog brings us in today’s podcast. Beverly describes how she sunk into $20,000 of credit card debt, maxing out all seven of her cards. But her story doesn’t stop there. She then shares with us how she climbed out of the debt […]
The post DR 055: Beverly Harzog: How She Paid Off $20,000 of Credit Card Debt in 2 Years appeared first on The Dough Roller.
A number of new ways to make investing easier have launched over the past few years. One is Motif Investing, which I reviewed some time ago. It’s a fascinating way to approach investing, combining low costs and tremendous flexibility. It such a unique option that I invited Motif’s Vice President of Investment Products, Tuhin Ghosh, […]
The post DR 054: Motif Investing: Interview with Tuhin Ghosh, Vice President of Investment Products appeared first on The Dough Roller.
Recently, a reader named John wrote in asking about leasing vs. buying a car. Here is John’s question: I was wondering what your input is in regard to buying vehicles? For example, I’m in the process right now of selling a vehicle for a good buck. Would you suggest reinvesting this money in a used […]
The post DR 053: Should You Lease or Buy a Car? appeared first on The Dough Roller.
In the last podcast, we talked about why rebalancing your investment portfolio is important and how to create a rebalancing plan. Today we are going to walk through step-by-step how to actually rebalance your retirement and other investments. As we discussed in the last podcast, you can rebalance your assets based on frequency, threshold, or […]
The post DR 052: A Step-by-Step Guide to Rebalancing Your Investments appeared first on The Dough Roller.
Rebalancing your investment portfolio is an important part of managing your money. Having carefully selected your asset allocation, rebalancing ensures that your investments stay in line with the allocation you’ve chosen. In this article (and podcast) we cover creating a rebalancing plan. We’ll cover topics such as how often to rebalance (frequency) and what to […]
The post DR 051: Rebalancing–How to Create a Plan to Easily Rebalance Your Investments appeared first on The Dough Roller.
Are you ready to retire? Have you done all of the things you should have in the few years leading up to retirement? These are the questions our guest today has answered in her comprehensive book on retirement readiness, The Five Years Before You Retire. I had the pleasure of interviewing author Emily Birken to […]
The post DR 050: How to Prepare as You Near Retirement [Interview with Author Emily Birken] appeared first on The Dough Roller.
In the 31-Day Money Challenge, we covered the basics of asset allocation. Today we are going to focus more specifically on how much to invest in stocks and how much in bonds. The stock/bond allocation is the most important piece of asset allocation. The question of stocks vs. bonds is much more important than the […]
The post DR 049: How Much of Your Retirement Nest Egg Should You Invest in Stocks? appeared first on The Dough Roller.
The four letter word of personal finance is debt. Most of us have it; none of us wants it. I’ve written a lot about how to get out of debt. Today I’m excited to have Liz Weston, author of Deal With Your Debt, on the podcast. We cover a lot of questions about debt, credit, […]
The post DR 048: How to Deal with Your Debt–An Interview with Author Liz Weston appeared first on The Dough Roller.
I recently started collecting coins. I only have a handful right now: mainly Morgan silver dollars. I tend to just pay $40 or $50 for a nice coin, and I don’t have a particularly valuable collection. I just enjoy collecting them. One of my coins is a Morgan silver dollar from 1878. It’s an S […]
The post DR 047: How to Value a Coin Collection appeared first on The Dough Roller.
What do retirement planning professionals from Vanguard have to say about retirement topics like the 4% rule? In today’s podcast I interview two investment analysts at Vanguard with over 35 years of combined experience – Maria Bruno, CFP and Colleen Jaconetti, CFP. We talk about everything from the 4% rule to portfolio balancing issues to […]
The post 4% Retirement Withdrawal Rule–An Interview with Vanguard’s Maria Bruno and Colleen Jaconetti appeared first on The Dough Roller.
New investors face unique obstacles. There’s the learning curve. Clear that and there’s still the hurdle of having little money to invest (although there are easy solutions to that one). And then there’s the question of executing an asset allocation plan when you have little capital. That’s the question a reader named Daniel recently asked: […]
The post DR 045: How to Diversify Investments When You’re Just Starting to Invest appeared first on The Dough Roller.
A reader named Kathleen recently emailed me with a lesson she learned with balance transfer credit cards: Hi Rob, I just rolled over one of my credit cards to another at 0%, which has been very successful for me at paying off credit card debt. But I realized in retrospect that I did not do […]
The post DR 044: 10 Tips on Using Balance Transfer Credit Cards to Get Out of Debt appeared first on The Dough Roller.
I encountered a big problem when I first started investing. Maybe you’ve encountered it, too. I would read a lot of books on investing. Two of my favorites are Rick Ferri’s All About Asset Allocation and William Bernstein’s The Four Pillars of Investing. These books cover asset allocation, and in All About Asset Allocation, describe […]
The post DR 043: How to Compare Mutual Funds in Under 60 Seconds appeared first on The Dough Roller.
The formula thet generates a FICO credit score is made up of several components. Some of these components you would expect to see, such as paying your bills on time. But there is one component that takes a lot of people by surprise: credit inquires. A credit inquiry is a record of every time somebody […]
The post DR 042: A Complete Guide to Hard and Soft Pull Credit Inquiries appeared first on The Dough Roller.
Excerpts from Warren Buffett’s letter to Berkshire Hathaway investors have been released. In the latest excerpt, Buffett talks about investing in mutual funds, of all things. Specifically, in his will he leaves money to his wife in trust. He has provided guidance on how he thinks the trustee should invest these funds. Think he wants […]
The post DR 041: A Rare Glimpse into Warren Buffett’s Asset Allocation Plan (including the mutual fund he would pick) appeared first on The Dough Roller.
Even if you exceed the income limits for contribution to a Roth IRA, you may still be able to take advantage of this excellent additional retirement account option. You can work through what’s called a “backdoor Roth,” which basically means that you convert traditional IRA contributions into a Roth IRA. The process gets a little […]
The post DR 040: How Best to Use a Backdoor Roth IRA appeared first on The Dough Roller.
Following the conclusion of my 31-Day Money Challenge, I’ve had several people email me about the difference between mutual funds and ETFs (exchange traded funds). A quick review of opinions online may lead some to think ETFs are better than mutual funds. There is a lot of information suggesting, for example, that ETFs are less […]
The post DR 039: Mutual Funds vs. ETFs–Does it Really Matter? appeared first on The Dough Roller.
This is the last day in our 31-Day Money Challenge. Over the past 31 days, I’ve published 31 podcasts, each designed to help you move closer to financial freedom. Yesterday was talked about retirement accounts. In today’s podcast, we wrap up the series with a number of great questions submitted by you. Sponsors: The 31-Day […]
The post The Dough Roller Podcast Listener Q&A Edition appeared first on The Dough Roller.
This is the thirtieth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday was all about mortgages. In today’s podcast, we cover the basics of retirement accounts (401k, IRA, and Roth accounts). Sponsors: The 31-Day Money Podcast is sponsored by […]
The post 5 Steps to a Perfect Retirement Savings Plan appeared first on The Dough Roller.
This is the twenty-ninth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at an how one couple built a 6-figure eCommerce business in under a year.. In today’s podcast, we cover the basics of mortgages. Sponsors: The […]
The post 6 Mortgage Tips Every Future Homeowner Should Know appeared first on The Dough Roller.
This is the twenty-eighth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we interviewed J. Money about how he earns money blogging. In today’s podcast, I interview Steve Chou about how he and his wife started a 6-figure eCommerce […]
The post How to Start an Online eCommerce Business [Interview with Steve Chou] appeared first on The Dough Roller.
This is the twenty-seventh day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we talked about term life insurance with CFP, Jeff Rose. In today’s podcast, I interview J. Money of BudgetsAreSexy.com about ways he’s made money with side hustles. […]
The post How to Earn Money with Side Hustles [A Case Study with J. Money] appeared first on The Dough Roller.
This is the twenty-sixth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at an asset allocation tool called Jemstep. In today’s podcast, we talk about life insurance with Certified Financial Planner, Jeff Rose. Sponsors: The 31-Day Money […]
The post All About Term Life Insurance [Interview with Jeff Rose] appeared first on The Dough Roller.
This is the twenty-fifth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we covered how to tell if you are on track to retire. In today’s podcast, I interview Simon Roy of Jemstep, an online asset allocation and investment […]
The post Jemstep–an Asset Allocation and Investment Selection Tool appeared first on The Dough Roller.
This is the twenty-fourth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday I interviewed Brandon Turner about real estate investing. Today I’m going to cover a number of reader comments and questions, and give you a simple tool to […]
The post How to Tell If You Are on Track to Retire appeared first on The Dough Roller.
This is the twenty-third day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday I shared my own asset allocation and investment selections. Today I’m excited to share with you an interview with Brandon Turner about how he started from nothing […]
The post How to Invest in Real Estate [Case Study with Brandon Turner] appeared first on The Dough Roller.
This is the twenty-second day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we discussed the importance of keeping mutual fund fees as low as possible. In today’s podcast, I share my own asset allocation plan and the investments I’ve […]
The post My Investment Portfolio appeared first on The Dough Roller.
This is the twenty-first day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we interviewed Stig Nybo about how to become a super saver. In today’s podcast, we look at mutual fund costs, why the matter, and how to keep […]
The post How and Why to Keep Investing Costs Low appeared first on The Dough Roller.
This is the twentieth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at how to pick mutual funds to implement an asset allocation plan. In today’s podcast, we explore what it means to become a Super Savor […]
The post How to Become a Retirement Super Saver [Interview with Stig Nybo] appeared first on The Dough Roller.
This is the nineteenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we covered how to create an asset allocation plan. In today’s podcast, we’ll look at how you pick mutual funds to implement your asset allocation plan. Sponsors: […]
The post How to Evaluate and Pick Mutual Funds appeared first on The Dough Roller.
This is the eighteenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday I interviewed author Larry Swedroe about his book, Think, Act, and Invest Like Warren Buffett. In today’s podcast, we cover how to build an asset allocation plan. […]
The post How to Create an Asset Allocation Plan appeared first on The Dough Roller.
This is the seventeenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at why it’s important to invest like a business owner. In today’s podcast, we interview Larry Swedroe, author of Think, Act, and Invest Like Warren […]
The post DR 024: How to Invest Like Warren Buffett [Interview withLarry Swedroe] appeared first on The Dough Roller.
This is the sixteenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we interviewed Carl Richards, author of The Behavior Gap. In today’s podcast, we look at why it’s important to think like a business owner when it comes […]
The post Why You Should Invest Like a Business Owner appeared first on The Dough Roller.
This is the fifteenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at juggling competing financial goals, like getting out of debt and saving for retirement. In today’s podcast, we turn to investing with an interview of […]
The post Interview with Carl Richards, Author of The Behavior Gap appeared first on The Dough Roller.
This is the fourteen day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at the debt snowball. In today’s podcast, we look at how to tackle multiple financial goals at the same time. Sponsors: The 31-Day Money Podcast […]
The post Which Way is Up? appeared first on The Dough Roller.
This is the thirteenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we started a 3-Day series on how to get out of debt. In today’s podcast, we look at the debt snowball. Sponsors: The 31-Day Money Podcast is […]
The post The Debt Snowball appeared first on The Dough Roller.
This is the twelfth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we had Maxine Sweet from Experian on the show to talk about improving your credit. In today’s podcast, we start a 3-day series on getting out of […]
The post How to Get Out of Debt appeared first on The Dough Roller.
This is the eleventh day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at credit score basics. In today’s podcast, we welcome to the show Experian’s credit expert, Maxine Sweet. Sponsors: The 31-Day Money Podcast is sponsored by […]
The post Interview with Experian Credit Expert, Maxine Sweet appeared first on The Dough Roller.
This is the tenth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday I answered reader questions on everything from timeshares to social security. In today’s podcast, we look at the importance of credit scores and how they are calculated. […]
The post Credit Scores 101 appeared first on The Dough Roller.
This is the ninth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at my 10 favorite money management tools. In today’s podcast, I answer some questions sent in by readers. Sponsors: The 31-Day Money Podcast is sponsored […]
The post Reader Q&A appeared first on The Dough Roller.
This is the eighth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at the 20 ways to save without sacrifice. In today’s podcast, we talk about 10 money management tools that I’ve found to be very helpful. […]
The post 10 Money Management Tools to Build Wealth appeared first on The Dough Roller.
This is the seventh day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at the One-N-Done method of saving serious money. In today’s podcast, we talk about other ways to save money without pain or sacrifice. Sponsors: The […]
The post 20 Ways to Save Money Without Pain or Sacrifice appeared first on The Dough Roller.
This is the sixth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we interviewed YNAB-founder Jesse Mecham on the 4 rules of budgeting. In today’s podcast, we talk about the one-n-done way to save serious money.. Sponsors: The 31-Day […]
The post The One-N-Done Method of Saving Serious Dough appeared first on The Dough Roller.
This is the fifth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we covered 7 tips for effective and stress-free budgeting. In today’s podcast, we Jesse Mecham, founder of You Need a Budget (YNAB). Sponsors: The 31-Day Money Podcast […]
The post The Four Rules of Budgeting [with Jesse Mecham of YNAB] appeared first on The Dough Roller.
This is the fourth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we walked through how to prepare your net worth statement. In today’s podcast, we discuss 7 tips for effective and stress-free budgeting. Sponsors: The 31-Day Money Podcast […]
The post 7 Tips for Effective and Stress-free Budgeting appeared first on The Dough Roller.
This is the third day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at how to set financial goals you’ll actually achieve. In today’s podcast, we discuss the importance of a net worth statement, how to prepare one, […]
The post How and Why to Track Your Net Worth appeared first on The Dough Roller.
This is the second day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we interviewed Jean Chatzky about financial freedom. In today’s podcast, we cover how to set effective financial goals you’ll actually achieve. Sponsors: The 31-Day Money Podcast is […]
The post How to Set Effective Financial Goals You’ll Actually Achieve appeared first on The Dough Roller.
This is the first day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. In today’s podcast, we interview Jean Chatzky of the Today Show to gain a better understanding of what financial freedom is, how we can achieve it, and what […]
The post What is Financial Freedom [with Jean Chatzky] appeared first on The Dough Roller.
Imagine working hard for all of nine years. And then at the ripe old age of 30, you and your spouse retire to start a family. While it may sound like a fairy tale, that’s exactly what an engineer named Pete did. Pete is better known as Mr. Money Mustache. We talk a bit about […]
The post DR 007: How to Retire at Age 30 [with Mr. Money Mustache] appeared first on The Dough Roller.
Imagine you’re a CPA preparing tax returns for clients. Over the years you hear the same tax questions over and over again. So one day you decide to write a short book answering the most common tax questions and publish the book on Amazon. While you knew you could make money from the book, that […]
The post DR 006: How to Make 6-Figures Publishing Books on Amazon [with Mike Piper] appeared first on The Dough Roller.
Preparing for retirement requires us to make a number of critical judgments. From how much we should be saving to how to invest our savings, these decisions will have a major impact on our ability to retire and the lifestyle we’ll enjoy during retirement. To that end, Fidelity has just released a new study on […]
The post DR 005: 6 Accelerators to Improve Retirement Preparedness with Fidelity’s John Sweeney appeared first on The Dough Roller.
In this 4th episode of the Dough Roller Podcast, I interview Nate Purpura of eHealth. Nate and the folks at eHealth are experts when it comes to Obamacare. Given all of the questions and uncertainties surrounding the Affordable Care Act, I was thrilled when Nate agreed to come on the show. The Topics Covered on […]
The post DR 004: Obamacare FAQs with Nate Purpura of eHealth appeared first on The Dough Roller.
One of the best books on investing is All About Asset Allocation by Rick Ferri. He’s written several great investing books, but AAAA is my favorite. It’s a must read, particularly if you’re just starting out or want to learn more about passive investing. In October of this year at a personal finance bloggers conference […]
The post DR 003: How to Invest for Retirement with Rick Ferri appeared first on The Dough Roller.
Credit scores and reports are as confusing as they are important. Since 2007 when Dough Roller launched, I’ve fielded hundreds of questions about credit reports and scores. What I’ve learned is just how much misinformation is out there about how FICO and credit reports actually work. So it was fitting for Episode 002 of the […]
The post DR 002: How to Improve Your FICO Score with Credit Expert Tom Quinn appeared first on The Dough Roller.
On this Veterans Day, I’m happy to announce the launch of the Dough Roller Podcast. It’s been a long time in the making, and while I don’t have all the kinks worked out, it is off to a good start. To commemorate Veterans Day, in this first episode I interview Ryan Guina. Ryan served in […]
The post DR 001: How to Make the Most of Veterans Benefits appeared first on The Dough Roller.