Ignition to Wealth

In Today's Episode Ever hear of the Bucket Strategy? I'm sure you've heard us talk about it before. Today, Eric and Brandon breakdown this strategy and what type of investments can be used in each.   What You'll Get Out of Today's Show Short-term goals Savings, checking, high-yield savings, etc. Intermediate goals CD's, bonds, index funds, etc.  Long-term goals Individual stocks, mutual funds, etc.   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Are I Bonds a viable investment with inflation being so rampant? Eric and Brandon discuss some positives and negatives on I Bonds.   What You'll Get Out of Today's Show Positives and negatives on I Bonds How they might be a great addition to your investing strategy now that they are at 9.62% How I Bonds could negate the current inflation rate   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon go over a few financially responsible options to put your tax refund. They also explain why sometimes taking a little bit of the refund and using it on yourself and/or family is a good thing too.   What You'll Get Out of Today's Show Some financially responsible options to put your refund towards Paying down debt Additional mortgage payment Roth IRA or other retirement account Maybe using a little bit of the refund for a nice night out or a small surprise for yourself, spouse/significant other, and/or family   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode What does the Fed actually do and how do they impact our everyday lives by increasing interest rates? Eric and Brandon answer some common questions about the Fed and breakdown what increased interest rates actually impact.   What You'll Get Out of Today's Show Brief description of why too hot and too cold of a market can be bad How the Fed can keep the market at a ‘lukewarm' level How the following are impacted by increased interest rates Stocks Bonds Savings and high-yield savings Consumer credit   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon break down some news in the points world. Why is now the best time to book your trips with points? Points will become significantly more devalued within the next couple of years.   What You'll Get Out of Today's Show How inflation and rising fuel prices are leading to a devaluation of points Why points are NOT seen as good long-term investments Some airlines and hotel chains are changing how points will be used No longer distance based, but based on dollar amount of ticket   Links Mentioned in This Episode   https://grow.acorns.com/use-points-travel-rewards-before-they-get-devalued-in-2022/   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode What would happen if you were literally the world's worst market timer? Eric and Brandon go through a case study discussing what would happen if you only invested at market peaks until retirement.   What You'll Get Out of Today's Show A hypothetical breakdown of someone who invested right before the 4 biggest crashes from 1972 through 2007 Why time in the market is much more important than timing the market How powerful the 8th Wonder of the World is…Compound Interest The important lesson to take away from this hypothetical situation   Links Mentioned in This Episode   https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss the best ways to redeem credit card reward points! With travel now starting to pick up in the United States, the guys wanted to share some of the more efficient ways to redeem points to fuel your future travel.   What You'll Get Out of Today's Show Why using your points on short flights is usually less efficient than using them for more expensive or long distance flights Why redeeming points on Amazon and other shopping portals might not be worth it Some ways to efficiently redeem points on long distance trips Why a travel card that partners with multiple airlines or hotels are usually the best cards to get   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode The part of side hustles that isn't usually talked about…taxes. Yes, side hustle income does need to be reported as income on your tax return, but how does it need to be reported?   What You'll Get Out of Today's Show A good rule of thumb of what you should set aside for quarterly tax payments How working for an App-type side hustle (Grubhub, DoorDash, Uber, etc.) will make it nearly impossible for you to incorrectly report your income with 1099's What threshold may cause you to pay additional fees What the IRS constitutes as Intentionally Under Withholding Difference between self employment taxes and W-2 taxes   Links Mentioned in This Episode   https://www.cpapracticeadvisor.com/tax-compliance/news/21258991/uber-taxes-yes-gig-job-income-is-taxable   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Should you look at your net worth during a market correction? Eric and Brandon discuss some reasons why they do or don't and what type of impact it can have on your decision making.   What You'll Get Out of Today's Show Why you would want to take a look at your net worth during a market correction What type of impact it could have on your investing mindset Why you wouldn't want to take a look at your net worth during a market correction Best practices during a downturn Why a novice investor should not look at their net worth   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss the current situation going on with the IRS…24 million returns backlogged! Due to the backlog of returns, there may be a significant delay in getting your return filed. What You'll Get Out of Today's Show Detailed statistics on the current backlog 24 million returns behind Mix of returns, amended returns, stimulus payments, and correspondence with the IRS What seems to be holding up the processing of these returns and notices Amount of paper filings and paper correspondence Hiring issues for IRS Some best practices to try and avoid these delays and backlogs   Links Mentioned in This Episode   https://www.washingtonpost.com/politics/2022/02/11/irs-returns-backlog/   https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode It's all in the details! Brandon talks about some new credit card benefits that he's signed up for. Eric and Brandon also discuss how important it is to pay attention to emails in order to take full advantage of these benefits to cover the cost of the annual fee… especially if you aren't traveling as often. What You'll Get Out of Today's Show American Express and Panera partnership Breakdown of the benefit offered to cardholders and Brandon's strategy to take full advantage Chase Sapphire and DoorDash partnership Breakdown of the benefit offered to cardholders and Eric and Brandon's strategy of taking full advantage A recent update to the benefit to current cardholders The importance of using these offers in order to cover your annual fee in benefits…but do it responsibly!   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Greg and Beth Langston from the College Flight Plan sit down with the guys to discuss the importance of self-discovery at an early age! Our late teenage years are when a lot of very important decisions are made, especially with career and college debt choices. Join us as we get to listen in on how the College Flight Plan has helped students and young professionals make better decisions during this time for over 20 years!   What You'll Get Out of Today's Show Professional background of both Greg and Beth What they experienced as parents raising their children What made them realize that self-discovery can put young individuals so much further ahead in life How College Flight Plan helps young individuals with self-discovery and self-improvement How College Flight Plan leads to saving thousands, if not tens of thousands, in additional student loans   Links Mentioned in This Episode https://ignitiontowealth.com/college-flight-plan/   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Lot's of red for investments in January 2022…don't panic! Eric and Brandon discuss what to do during a pullback (or almost an actual correction) in the market.   What You'll Get Out of Today's Show Explanation of what we are seeing in the overall market today Why this might be a market correction and not just a pullback Some things that Eric and Brandon are looking at to invest What types of stocks and investments perform best in pullbacks/corrections   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode With the New Year upon us, the guys put together a New Year Financial Checklist! There are a lot of benefits to going through a financial checkup once a year. There's no better time to do this than at the beginning of the year!   What You'll Get Out of Today's Show List of financial and personal items to reevaluate Reevaluate Short-Term Goals Reevaluate Long-Term Goals Review your emergency fund to adjust the balance (especially due to increase in inflation) Boost retirement savings based on new increased contribution limits Rebalance you portfolio Review insurance policies Check your credit report Review your will   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss some important forms that most people will be receiving now that tax season is upon us. The guys run through some of the most common forms that you can expect to receive in order to fill out your return accurately.   What You'll Get Out of Today's Show Rundown of what forms to expect: W-2 5498 1099-NEC 1099-B 1099-INT 1099-DIV K-1 What information is on all of those forms When you can expect to receive these forms via email or mail BONUS: Brandon tells a story about one of the most interesting tax return signings he has ever worked on!   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com

In Today's Episode Happy New Year! Eric and Brandon are starting off 2022 with a list of goals that they want to accomplish by the end of the year. They hope to inspire their listeners to set some financial goals for the year and to also hold themselves accountable.   What You'll Get Out of Today's Show Eric and Brandon's major financial goals and a couple personal goals for 2022 Why the guys are calling them goals and not resolutions Which goals they feel are the most difficult to achieve What their biggest goal is to accomplish Why the non-financial goals are just as important in the long run as well Why being held accountable is so important for being successful in any aspect in life   Links Mentioned in This Episode   ignitiontowealth.com/dividend   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon talk about the recent dip in the market and what they have been buying as the market has gone red. The guys also go over the psychology of investing as the year comes to a close!   What You'll Get Out of Today's Show Eric and Brandon go over some individual stocks, mutual funds, and ETF's  The guys go over some strategies that they've adopted during the last month and why they were buying some of these assets An explanation of the psychology of investing Background of what the guys did during the huge market dip back in 2020 and what their thought process and psychology was for their decisions and how they apply it to the smaller dips we see throughout the year   Links Mentioned in This Episode   ignitiontowealth.com/dividend   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon go over some updates with the Ignition to Wealth Dividend Portfolio! It's an episode filled with new strategies and some new technology!   What You'll Get Out of Today's Show An update on one holding that the guys are no longer investing in and a new strategy with this change Adding a new asset within the fund in the near future and a strategic breakdown as to why this asset was picked How DRIPs are allocated out in the M1 Finance app A breakdown on DivTracker a new app that Brandon is using to track annual dividends What he likes about this app What he is using this app for in the future What value DivTracker is adding to his investing strategy and how it helps him  make quicker and better decisions…This is NOT a paid ad!   Links Mentioned in This Episode   ignitiontowealth.com/dividend   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon are back and talking about HSA's! Open enrollment season is upon us so the guys wanted to discuss the very powerful financial tool of HSA's!   What You'll Get Out of Today's Show Updated contribution limits for 2022, catch-up contribution limits for 2022, High Deductible Health Plan deductible for 2022, and High Deductible Health Plan maximum out-of-pocket amounts for 2022 Explanation of what a High Deductible Health Plan is What is a triple tax benefit? Strategy for leveraging medical expenses for additional cash flow later...and why saving receipts are critical! Why the age 65 is so important with HSA's   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss the updated contribution limits for retirement accounts. The guys also discuss some strategies and some benefits of the new updated limits.   What You'll Get Out of Today's Show Updated contribution limits for most retirement accounts per the IRS Updated catch-up contribution limits for most retirement accounts per IRS A numbers example of how much the difference in limits actually make over a long period of time assuming 8% growth per year   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Brandon received a question from one of his friends about buying a house in the next 18-24 months. Where should you store your money while saving for a down payment? Eric and Brandon break down the question and give their opinions on some of their potential solutions.   What You'll Get Out of Today's Show A real life example of planning for a purchase of a home Eric and Brandon's input on what they would do in this situation Allocating between multiple accounts Timeline of where to put your money over the 18-24 months What types of investments to invest in over this period of time   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss the strategy of knowing when to sell an investment. The guys breakdown some reasons why you'd want to cut your losses and some strategies to use when looking at your portfolio.   What You'll Get Out of Today's Show What signs to look for when an investment no longer fits your portfolio  Sometimes taking a profit is better than sitting on an investment that you don't think will keep increasing in value How swing trades come into play when selling an investment How to incorporate a Stop-Loss in your investment accounts to prevent a blindside drop in value Using your losses as a tax loss harvesting strategy   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric provides his thoughts on what Jerome Powell just said about inflation and the coming taper of asset purchases.  Eric discusses how the market will react to this taper, and how he plans to invest in the coming year.    What You'll Get Out of Today's Show Has Jerome Powell changed his viewpoint on inflation?  What impact will the fed taper have on the market?  Should the average investor be worried about the coming taper?  What will the projected taper of bond purchases look like?  When will the Fed raise interest rates?    Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon provide their thoughts on a topic that has been thrown around in the news most of this year, and that is taxing unrealized capital gains. It's been tossed around by some politicians as a potential solution to fund the $3.5 trillion infrastructure bill.   What You'll Get Out of Today's Show Eric and Brandon provide their opinions on taxing unrealized capital gains What kind of impact this could do have on the average individual How strategizing for taxes would be crucial throughout the year Individuals finding new ways to invest in order to avoid taxing unrealized gains Would you be refunded for having unrealized losses? How this idea may have set up some more realistic ideas such as taxing step-up basis   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Last week, Eric and Brandon took on the No Spend Challenge thanks to some input from Sarah, one of their listeners! This week, the guys break down their individual results from the No Spend Challenge and some things they learned.   What You'll Get Out of Today's Show Breakdown of both Eric and Brandon's  Weekly total saved How that weekly total looks per month How that monthly total looks per year  The guys also analyzed how their monthly saving from unintentional saving looked like in the future assuming 8% compound annual interest  At 5 years At 10 years At 20 years At 40 years You'll be SHOCKED at the results!   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon were challenged by one of their listeners to a 7 day No Spend Challenge! The guys break down what a No Spend Challenge is and what they will be doing with the data they find. They also challenge their listeners to participate in the 7 day No Spend Challenge with them!   What You'll Get Out of Today's Show A description of a No Spend Challenge What rules the guys are following for the next 7 days No unnecessary spending Going out to eat Non emergency clothing Keeping track of what they would have spent at times if the No Spend Challenge wasn't in place The additional positives this challenge can provide The strength of your budgets Potential leaks in unnecessary spending   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon provide their thoughts on the US potentially defaulting on its debt. What is the debt ceiling and what could happen if the US does default on its debt? The guys also pivot to how they invest and keep track of their investments especially when preparing for a potential dip in the market.   What You'll Get Out of Today's Show A brief explanation of the debt ceiling and what needs to happen before October 18th What if the US defaults on its debt? How it will impact the everyday individual Eric and Brandon's opinion on how the stock market could potentially react What Eric and Brandon plan to do with the market while this situation is going on How the guys analyze their individual assets and how they prepare for a potential dip in the market   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric provides his thoughts on the ongoing Evergrande situation in China.  What is Evergrande, and how will this company's debt affect the stock market?  Is this the catalyst for a global recession, or will this pass while the stock market soars to record highs?    What You'll Get Out of Today's Show An explanation of what is going on with Evergrande The amount of debt this company is in What led to this potential default? Eric's opinion on what we should do as investors Should we sell now and wait out the volatility? Buy the dip? Seek out other investments?  Watch and wait while the stock market does its thing?    Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric provides an update on the Ignition to Wealth Dividend portfolio!  He goes through each stock and briefly discusses the growth in the last six months of the investment.  Eric also discusses each of the three stocks he sent out to our email list subscribers in August.  He reviews the current price of the stock, and whether or not he will consider buying in the future.   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss the dangers of day trading.  Can someone really make a career out of trading stocks each day?  Is it too risky of an investment strategy? Find out in this episode!    What You'll Get Out of Today's Show Some inherent risks of day trading Some things you have to be aware of when day trading The need to beat the market The need to time the market three times Some statistics regarding day trading The percentage of day traders who made a profit The percentage of day traders who make more than minimum wage   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon talk about how this year is truly the year of the index funds! They discuss the current events of where some of their favorite index funds are currently sitting, what their year-to-date growth number is, and what their 12 month growth is.   What You'll Get Out of Today's Show Current Year to Date growth, 12 month growth, dividend yield, and expense ratios of the following index funds: Vanguard Total Stock Market Index Fund ($VTSAX) Fidelity MSCI Information Technology Index ETF ($FTEC) Vanguard S&P 500 Growth ETF ($VOO) Vanguard High Dividend Yield Index Fund ETF ($VYM) Fun fact: FTEC's lifetime growth (inception date: October 21, 2013) is 406.07%!   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon break down the investing strategy buy and hold. The guys stumbled upon an article that gave some opinions on buying and holding and the guys give their opinions on those thoughts.   What You'll Get Out of Today's Show Eric and Brandon's opinion on the following statements made in the article: Buy and hold makes no sense because it implies the risk of assets is always justified by the reward Buy and hold implies that prices don't matter Buy and hold uses dynamically composed investment indexes (S&P 500, etc.) to support the case for a static investment strategy (buy and hold) Buy and hold is a purely offensive investment strategy that ignores the defensive half of the investing equation - risk management Buy and hold is passive   Links Mentioned in This Episode   financialmentor.com/category/investment-advice/buy-and-hold   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon continue their discussion on side hustles.  Today, the guys focus on side hustles that generate passive income.  These can be completely passive, or require a bit of work to get started initially.  Each one, however, will definitely help you earn some extra cash to invest!     What You'll Get Out of Today's Show Ideas on how where to find ideas to earn passive income Ways to generate passive income via online surveys and watching online videos Bonus idea at the end of the episode!   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss ways to make additional income through side hustles. There are so many ways to make some additional income to offset some expenses, pay off debt quicker, or even just earn some additional cash to invest...which would definitely be our choice!   What You'll Get Out of Today's Show Ideas on how to start a side business either using your skills or even just receiving passive income Utilizing free online courses to learn new skills to then sell to businesses or individuals   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss different strategies and scenarios for working your way through school.  The guys talk about full-time, part time, and working jobs that may not necessarily have anything to do with your major   What You'll Get Out of Today's Show An appreciation for the different possibilities of working through school  Working hard so your boss will work with you in creating schedules that align with your class schedule Looking for internships that will advance your future career Taking learning experiences from jobs that do not necessarily line up with your future career   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Aloha! Eric and Brandon are coming to you live from Hawaii! In today's episode, the guys talk about the steps that were taken to get to Hawaii using points. They also talk about the Islands and some of their favorite activities so far.   What You'll Get Out of Today's Show How the guys got to the Island's and some strategies they used The importance of splurging a little bit while on vacation. You worked hard for it so don't be afraid to enjoy it! Sometimes there are ways to capitalize on splurging...ever heard of bonus points spent on a resort? Some activities the guys are doing on the Island's. Hopefully our listeners can make their way out there utilizing some of our strategies!    Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon talk about an interesting headline that came up a few weeks ago. How someone was able to generate a balance of over $5 billion in their Roth IRA account.    What You'll Get Out of Today's Show Background of Peter Thiel, the individual who was able to accomplish this Why this is so significant and what kind of benefits a Roth IRA is providing in this situation A breakdown of some possible options and strategies that the everyday investor can try to do to copy Peter's strategy Some potential cons to holding a private business in your Roth IRA   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss the very necessary topic of keeping your portfolio healthy. The guys will go over some of their typical routines and go over what you should do as well   What You'll Get Out of Today's Show Performing a wellness check Refresher on asset allocation and rebalancing Touch on auto rebalancing features What items you should look at during your rebalance Potentially doing some tax planning at year end   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss how to perform fundamental analysis on a stock. Not only will they go over a live example, but they will also go over some things that they look at when evaluating a stock.   What You'll Get Out of Today's Show A breakdown of what Discounted Cash Flow is and how it can be used to evaluate a stock A live example of Discounted Cash Flow using Johnson & Johnson Some other things Eric and Brandon look for in a stock Position of company Long-term vision Debt numbers Earnings   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon continue the discussion of their addiction to the stock market! Today the guys talk about their watch list, which stocks they are watching closely, and some things to be aware of when evaluating momentum stocks.    What You'll Get Out of Today's Show A discussion on watch lists for stocks Some examples of stocks on the guys' watch lists Some things to be aware of in evaluating momentum stocks Volatility "Missing your window"   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon come clean on a confession...they have a stock market addiction! The guys talk about their daily, weekly, bi-weekly, etc. habits for checking the market and their own holdings.   What You'll Get Out of Today's Show Eric and Brandon's typical day when it comes to checking the market and their holdings The guys also talk about how often they check  Their investments Their current balances within their investment accounts How many investment assets they own individually and how many they currently are looking at on their watchlist   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon continue their discussion on the May CPI Report.  They look into how the market and the general public will respond to rising inflation concerns.  Will inflation cause a stock market pullback? Or have inflation expectations already been priced in?    What You'll Get Out of Today's Show A discussion on how companies will respond to inflation concerns Increased starting wages Cost of living adjustments A deeper look at how the stock market has responded to the CPI data Market movement at release, and in the days since Other stock market catalysts this week Eric and Brandon's strategy for maneuvering the current state of the market   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon breakdown May's Consumer Price Index (CPI) report. The guys discuss some of the industries with the biggest fluctuations and some real world experiences they have seen recently.   What You'll Get Out of Today's Show Breakdown of what the CPI report is The difference between the month-to-month and annual inflation percentages Industries with the biggest fluctuations Vehicles Travel Etc. Real world examples of how inflation is impacting certain industries and how it's impacting the consumers Links Mentioned in This Episode   bls.gov/news.release/pdf/cpi.pdf   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today's Episode Eric and Brandon discuss the interesting topic of spinoffs. The guys breakdown what a spinoff is and how it applies to the everyday investor. They also discuss an upcoming spinoff that was just announced.   What You'll Get Out of Today's Show What a spinoff is and why a company would initiate a spinoff The behind the scenes work a brokerage firm does to complete a spinoff How partial shares are converted to cash in lieu Some potential risks of spinoffs and the companies that announce spinoffs Breakdown of Pfizer's recent spinoff back in 2020 Discussion on what will probably come from the AT&T and Discovery spinoff coming in 2022 Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today’s Episode Eric and Brandon talk about calculating your FI (Financial Independence) Number. The guys discuss some of the easier ways to calculate your FI number and how to incorporate your everyday spending to reach that goal.   What You’ll Get Out of Today’s Show How to calculate your FI number What the 4% rule is and how it can play a part in retiring early Is the 4% rule potentially outdated? The guys discuss their thoughts on this The importance a budget plays in achieving your FI number Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today’s Episode Eric and Brandon discuss some early retirement strategies. Not only will they cover some of the most well known strategies, but they will also give a little bit of insight as to what strategies they use as well.   What You’ll Get Out of Today’s Show The importance of increasing your savings rate Why a budget will be your best tool How simply decreasing your expenses can make a huge impact Increasing income and revenue streams can make a huge difference in lifestyle leading up to retirement Which strategies Eric and Brandon use the most Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today’s Episode Eric and Brandon discuss their thoughts on five important topics couples should talk about. The guys will talk about why each topic is important and give their own opinion on which they believe is the most important.   What You’ll Get Out of Today’s Show A description of 5 important topics that should be discussed between people in a relationship Beliefs and values regarding money Net worth Monthly cash flow Financial situation Financial goals Eric and Brandon will also discuss their opinions on these 5 topics and why it’s important to discuss them if this will be a long-term relationship Links Mentioned in This Episode   https://invested.mdm.ca/md-articles/five-financial-topics-every-couple-should-discuss   https://tickertape.tdameritrade.com/personal-finance/talking-about-money-to-build-happy-marriages-15205    https://fns-prod.azureedge.net/sites/default/files/crc2015_March2017.pdf   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today’s Episode Eric and Brandon break down the state of the market and discuss some sectors and asset classes they are looking at right now.  They discuss how this market downturn is not the time to panic, but to be excited about the potential buying opportunities.  Join them as they discuss “The State of Ignition to Wealth,” the mindset one should be utilizing while investing in this market.     What You’ll Get Out of Today’s Show A breakdown of which asset classes might be undervalued A few stocks that Eric and Brandon are currently looking at and excited to buy Insight into how an investor should be feeling about the current state of the market An explanation of Eric and Brandon’s current investing mindset Links Mentioned in This Episode   ignitiontowealth.com/dividend   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today’s Episode Eric shares his research on the subject of cryptocurrency!  More specifically, Eric breaks down his knowledge on Bitcoin vs Ethereum.  What is Bitcoin?  What is Ethereum?  What does each one do?  What can we do with each one?  Find out by listening to today’s episode!   What You’ll Get Out of Today’s Show A breakdown of the origin of cryptocurrency Insight into Type 1, 2, and 3 Civilizations, and what they have to do with cryptocurrency An explanation of Bitcoin’s capabilities and uses An explanation of Ethereum’s capabilities and uses A breakdown of smart contracts and the implications they carry A slight insight into NFTs, Non Fungible Tokens A reference to and small explanation of Altcoins    Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today’s Episode Brandon unveils a special project he has been working on, a dividend investment portfolio!  Eric asks Brandon questions regarding his insight into picking the stocks and funds that made it into the dividend portfolio.  The goal for the portfolio is to create a passive income stream in the form of dividends, so tune in to see how you can utilize this investment strategy!  Check out the website to find the full portfolio!    What You’ll Get Out of Today’s Show A breakdown of a few stocks and funds that made it into Brandon’s portfolio Insight into Brandon’s thought process when evaluating stocks and mutual funds An explanation of how to utilize dividend investing to generate a passive income stream Information on making a dividend investment portfolio work for you An explanation of long term thinking when it comes to dividend investing   Links Mentioned in This Episode   ignitiontowealth.com/dividend   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review

In Today’s Episode Eric and Brandon discuss Roth IRA’s...again! Eric and Brandon break down their own strategies and thoughts on Roth IRA’s and even talk about brokerages too.    What You’ll Get Out of Today’s Show Extension on IRA contributions What investments do you house in Roth IRA’s? Some recent individual stock news   Links Mentioned in This Episode   ignitiontowealth.com/resources   ignitiontowealth.com/tools   ignitiontowealth.com   If You Want to Support Ignition to Wealth Sign up for our email list   Subscribe to the podcast    Leave us a 5 star rating and written review