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Tariffs taking off. Shelves emptying. Recession clouds forming. President Trump's trade war could turn your finances upside down with the stroke of a pen. Will manufacturing return to American soil? Can your portfolio survive 60% tariffs on Chinese imports? Is retailing facing a retail-iation? We're dissecting the market madness on this week's podcast. It's information you can't afford to miss. So grab your favorite beverage, tune in, and prepare for insights. It could save your savings. For all the latest financial strategies during these turbulent times, subscribe to the Money Talks News newsletter and YouTube channel today. Your wallet will thank you! And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch: Title with URL link insert Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Tariffs are soaring. Markets are diving. Uncertainty is spreading across Wall Street. President Trump's policy shifts have investors' retirement accounts on a rollercoaster ride with no end in sight. Will manufacturing return to American shores? Can businesses plan with constantly changing trade policies? What happens when one tweet can move markets by trillions? We're breaking down all this market chaos on this week's podcast. It's information you can't afford to miss. So grab your financial life jacket and listen up. It could save your retirement. Click to watch on Youtube: Is Trump Really a “Stable Genius”? Don’t Bet Your Retirement On It 00:00 - Introduction: Markets rocked by Trump's tariff announcements01:44 - Recap of market losses: Trillions wiped from retirement accounts03:09 - The history of Trump's trade deficit concerns since 198704:29 - Analyzing the validity of trade deficit arguments05:37 - Understanding the impact of 145% tariffs on Chinese goods08:37 - The problem of one person controlling market movements10:30 - How global countries are responding to America's trade policies12:16 - The challenge of manufacturing returning to America14:55 - Comparing labor costs: $70/hour US vs $6/hour Mexico17:36 - Investment advice during market uncertainty19:12 - Conclusion: Remain calm but cautious with investments And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch: Title with URL link insert Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Trump's sudden tariff announcements sent markets into a tailspin, with major indexes dropping significantly before a partial recovery following his 90-day postponement. Stacy Johnson expresses deep frustration that one person can move markets by trillions with a single tweet. The 145% tariff on Chinese goods threatens to create essentially a trade embargo with America's largest trading partner. Economists remain divided on trade deficits, but the inconsistent policy approach has paralyzed business planning and investment decisions. Johnson advises against panic selling but acknowledges he's freezing new investments until there's more clarity. The podcast explores how domestic manufacturing would increase consumer prices, with American auto workers earning $70/hour versus $6/hour in Mexico. Canadian tourism to the US has dropped 40% as international allies feel alienated by Trump's trade stance.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Markets are sinking. Tariffs are looming. Wall Street's sweating bullets. Trump's trade policies have stocks on a downward rollercoaster, but savvy investors smell opportunity in the chaos. Will your portfolio weather the tariff storm? Is this the buying chance you've been waiting for? Should you join the gold rush while others panic? We're unpacking all that and more on this week's podcast. It's financial wisdom you can't afford to miss. So grab your shopping list, steady your nerves, and tune in. It could turn market lemons into investment lemonade. Watch the YouTube version: https://youtu.be/SVAIR30bI4Q 00:00 - Introduction and market downturn overview00:47 - Why you shouldn't panic during market drops01:08 - Evaluating if your portfolio allocation is appropriate01:37 - When to start buying during market declines02:13 - Gold and alternative investments as hedging options02:32 - Learning from the 2009 Great Recession opportunity03:54 - Creating a shopping list of desired stocks04:23 - The paradox of wealth creation during bad times04:54 - Final advice and long-term perspectiveBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Tariffs are trending. Prices are climbing. Economic uncertainty is looming. President Trump's trade policies could transform your financial future in unexpected ways. Will manufacturing jobs return? Are your household costs about to soar? What happens when a 60% tariff hits everything from tech to textiles? We're unpacking the tariff mystery on this week's podcast. It's straight talk about trade you can't afford to miss. So grab your coffee, take a seat, and tune in. It could save you serious money. And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch YouTube version: The Layman’s Guide to Tariffs: 5 Things You Should Know Title with URL link insert Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Chapters 00:00 - Introduction to Money Talks News podcast00:16 - Explaining free trade in an ideal world02:28 - How American consumer choices led to job losses03:59 - Who really caused manufacturing job losses05:40 - What tariffs are and their purpose07:34 - Why tariffs can lead to price increases08:43 - How tariff uncertainty affects business planning10:03 - The benefits of tariffs: revenue, job protection, reshoring11:32 - The downsides of tariffs: inflation, protecting mediocrity11:57 - Investment strategy during tariff uncertainty12:22 - Final thoughts and website informationBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Markets are crashing. Portfolios are bleeding. Uncertainty is clouding the investment horizon. When stocks take a nosedive, your reaction could make or break your financial future. Will you panic and sell at the bottom? Can you stomach the volatility? Are you prepared to recognize bargain opportunities when others are fearful? We're dissecting the bear market survival guide on this week's podcast. It's battle-tested wisdom from 45 years in the trenches. So breathe deep, listen carefully, and absorb these insights. It could save your retirement. And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch: https://youtu.be/0xKCEupBE88 Bear Market Checklist: 5 Things to Do When the Market Tanks Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

The CFPB is under attack. Banks are celebrating. Consumers are left in the dark.The Consumer Financial Protection Bureau's powers are being stripped away.Will the watchdog's bark be silenced? Are fraudsters free to roam? What will billions in bank influence do to your finances?We're uncovering the shocking truth and more in this week's podcast. It's information you need to know. So sit back, relax, and tune in.It could save you thousands. 00:00 Introduction: CFPB's role in protecting consumers02:31 Example: Woman loses $16,000 to debt relief scam05:22 CFPB and state attorneys general sue predatory companies07:17 Impact of CFPB's closure on ongoing cases09:56 Why powerful banks and billionaires oppose CFPB13:21 CFPB's partnership with state attorneys general15:47 Stacy Johnson's perspective as a consumer reporter18:16 CFPB's $21 billion return to consumers vs. $700 million budget20:40 Call to action: Contact representatives to defend CFPB23:06 Importance of staying informed and protecting consumers And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch Youtube version : https://youtu.be/VkaXcllCkVE Title with URL link insert Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Summary: The Consumer Financial Protection Bureau (CFPB), established in 2010 to protect consumers from financial fraud and abuse, is being dismantled. The agency's offices have been closed and staff dismissed, leaving consumers vulnerable to predatory practices. Examples include a woman who paid $36,000 to a debt relief company, with $16,000 going to fees, and a mortgage company giving unaffordable loans to mobile home owners. The CFPB, in partnership with state attorneys general, has held these companies accountable, but ongoing cases are now being dismissed. Powerful banks and billionaires oppose the CFPB's oversight, influencing politicians to deregulate the financial industry. The CFPB has returned $21 billion to consumers, far exceeding its $700 million annual budget. Consumers are urged to contact their representatives and defend the CFPB to prevent a repeat of the 2007-2008 financial crisis. Without the CFPB's protection, consumers are at risk of falling victim to financial fraud and abuse.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Major changes to the Affordable Care Act (ACA) are under consideration by Congress. Key proposals include requiring full repayment of excess subsidies, removing coverage for DACA recipients, and eliminating the "family glitch" rule. Most significantly, enhanced pandemic-era subsidies will likely expire in 2025, potentially doubling premiums for many families. A family of four making $120,000 could see monthly premiums jump from $850 to $1,650. These changes could reverse progress in reducing uninsured rates and significantly impact healthcare affordability for millions of Americans. 00:00 - Introduction 00:21 - Congressional Healthcare Changes Overview 01:07 - ACA Subsidy Repayment Requirements 02:02 - DACA Recipients and ACA Coverage 04:05 - Family Glitch Rule Discussion 05:45 - Enhanced Subsidy Expiration Impact 07:48 - Premium Increase Examples 08:32 - Future Implications 09:38 - Closing Remarks And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch youtube version:Leaked Republican Proposals Signal Obamacare Overhaul Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Your Phone's Been Holding Out On You! Think your smartphone's just for scrolling and texting? Think again. What if every minute you spend on your device could pad your wallet instead of draining it? Mode Mobile is flipping the script on how we use our phones, and they're sharing the wealth - literally. We're diving deep into this game-changing technology on today's podcast. It's information you can't afford to miss. Your phone could start paying its own bills. To stay ahead of the curve, subscribe to the Money Talks News newsletter, YouTube channel and download Mode Mobile today. Your wallet will thank you! 00:00 - Introduction & Company Overview 03:02 - How Mode Mobile Works 07:45 - Business Model & Revenue 10:30 - Investment Opportunity 15:20 - Growth Strategy & Future Plans 18:45 - Closing Remarks & Investment Risks Make new friends! Join the MTN Facebook Retirement Group Click to watch: Introducing a New Phone That Pays You to Use It Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Congress is exploring major changes to Medicare as part of efforts to offset potential tax cut extensions. Three key proposals are making waves in healthcare policy discussions. Will Your Doctor Stop Taking Medicare? Are savings sustainable? What happens when hospitals hit the brakes? We're dissecting the dollars and sense of Medicare's transformation. It's information that could impact your healthcare future. So tune in, take notes, and stay informed. Your well-being could depend on it. Click to watch podcast: 5 Ways Trump's Congress Is Planning to Change Your Healthcare And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Chapter Markers: 0:00 - Intro and Background 3:05 - Medicare Bad Debt Coverage 5:34 - Site-Neutral Payments Explained 8:13 - Medicare Coverage Expansions 9:15 - Potential Consequences 11:44 - Closing Thoughts “You can either look rich or you can be rich, but odds are you won’t live long enough to accomplish both. Choose wisely.”– Stacy Johnson, CEO Money Talks News Since before there was an internet, there’s been Money Talks News. Money Talks News was founded by CEO Stacy Johnson in 1991 to create and distribute personal finance news to network-affiliated TV stations nationwide. Decades later, Stacy’s still here and we’re still providing personal finance news and advice. These days we also syndicate both print and video stories to the top news portals on the planet, including MSN, Yahoo, AOL and many others.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Markets are moving. Trump is talking. Investment opportunities are emerging. The president's policies could reshape global financial markets in unexpected ways. Will emerging markets surge? Can China stocks shine? How will tariffs impact international trade? We're diving deep into investment strategies during Trump's presidency. It's information you need to know. So tune in and take notes. It could make you wealthier. Chapter Markers:0:00 - Introduction and Investment Background3:30 - Trump's Policy Impact on Markets8:45 - Sector-Specific Investment Opportunities15:20 - Risk Management Strategies22:40 - International Market Opportunities27:15 - Personal Investment Examples31:00 - Closing Thoughts and Recommendations Make new friends! Join the MTN Facebook Retirement Group Click to watch: https://youtu.be/T7qjyP6uyeE Title with URL link insert Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Summary: Former hedge fund managers from "The Big Short" are betting on emerging markets as Trump's potential return to office reshapes investment landscapes. These savvy investors, who made millions predicting the 2008 housing crisis, are now eyeing opportunities in Brazil and China, where stocks trade at more reasonable valuations compared to U.S. tech giants. The podcast discusses Trump's clear messaging about tariffs, deregulation, and America-first policies, which could benefit specific sectors like industrials, financials, and energy. Host Stacy Johnson suggests following these signals while maintaining a balanced portfolio approach. Notable insights include the potential risks of overvalued U.S. tech stocks trading at 40 times earnings, while companies like Alibaba trade at just 11 times earnings. Johnson shares his personal investment strategy, including taking profits on Nvidia and exploring opportunities in undervalued markets. The discussion emphasizes the importance of risk management, diversification, and avoiding emotional investment decisions. Investors are advised to consider sector-specific ETFs for targeted exposure while maintaining core positions in broad market indices. Stocks cited in show:Equal Weighted ETFSAlibabaBrics ETFDefiance EFT ex-Magnificent 7: XMAGSector SPDR ETF: XLI XLF XLE XLB We discuss specific investments in this show, don't take them as recommendations, because they're not. Before you invest in anything, do your own research, and make your own decisions. Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

AI is soaring. Technology is transforming. Innovation opportunities are knocking. Artificial Intelligence could revolutionize your investment portfolio's future. Will AI continue its meteoric rise? Are traditional industries ready for disruption? How will machine learning reshape our financial landscape? We're diving deep into AI investment strategies on this week's podcast. It's knowledge you can't afford to miss. So tune in and power up. It could make your portfolio smarter. And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch: https://youtu.be/H-N6IAg8uSo Title with URL link insert Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Market mayhem or magnificent momentum? The horse is back in the hospital! Trump's potential return has Wall Street watching and wondering. Will tariffs trump trade? Will deportation derail labor markets? The 10-year Treasury tells the tale - above 5% spells trouble. But AI advances offer silver linings amid the chaos. We're exploring everything you need to know about protecting your portfolio in these peculiar times. So tune in, take notes, and stay informed. Your wealth could depend on it. Click to watch: "Will Trump Tank Your Retirement Account in 2025" Takeaways The stock market thrives on predictability, not outrageous statements. Economic policies can have complex and unpredictable effects. Tariffs may protect domestic industries but can also lead to inflation. Bond vigilantes signal market uncertainty and influence government policy. Investing during uncertain times requires caution and strategy. AI is poised to revolutionize industries and investment opportunities. Dollar-cost averaging can mitigate risks in volatile markets. Understanding the relationship between interest rates and stock prices is crucial. Retirement planning should consider market volatility and personal risk tolerance. The future of work may be significantly impacted by AI advancements. Summary In this episode of Money Talks News, hosts Stacy Johnson and Aaron Freeman discuss the potential impact of Donald Trump's presidency on retirement accounts and the stock market. They explore the uncertainty surrounding economic policies, tariffs, and inflation, using the metaphor of 'the horse in the hospital' to illustrate unpredictability. The conversation delves into the role of bond vigilantes, investing strategies in uncertain times, and the transformative potential of AI in the economy. Make new friends! Join the MTN Facebook Retirement Group Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Flying solo? Your finances should soar too! Single ladies are breaking the mold and building their own financial empires. But are you ready to take control of your financial future? From real estate to retirement, from saving to spending smart - we're covering everything you need to know about managing money as a single woman. Join us for this empowering episode packed with practical advice and proven strategies. Your financial independence awaits! Ready to build your wealth, your way? Subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group. Add Money Talks News: The Podcast to your favorite player! YouTube Apple Podcasts Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Got a question, comment or topic you’d like to suggest? Tell us about it! Email us at hello@moneytalksnews.com. That’s hello@moneytalksnews.com. Chapter Markers: 0:00 - Introduction & Demographics of Single Women 3:23 - Financial Challenges for Single Women 6:20 - Cost Sharing and Living Arrangements 10:15 - Building Financial Foundations 15:19 - Real Estate Investment Strategies 19:45 - Alternative Investment Options (REITs & Business) 23:30 - Managing Investment Decisions Solo 26:34 - Estate Planning Essentials 29:50 - Healthcare Proxies and Medical Decisions 34:05 - Long-term Care Considerations 36:20 - Building Support Networks 37:45 - Insurance Planning (Disability & Long-term Care) 38:56 - Closing Remarks & Resources Meet this week's guest, Pam Krueger Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors. Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids. Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts. Wealthramp Podcast: MoneyTrack Podcast: Friends Talk Money Twitter LinkedIn Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Markets are moving. Politics are pivoting. Economic uncertainties are escalating. Trump's return could reshape America's financial landscape from Wall Street to Main Street. Will tariffs trigger inflation? Can markets maintain momentum? How will immigration policies impact labor costs? We're diving deep into these crucial questions on this year-end podcast. It's essential intelligence for your investment decisions. Stay smart. Stay strategic. Stay subscribed. Because knowledge isn't just power - it's profit. For more market-moving insights, subscribe to the Money Talks News newsletter and join our YouTube channel today. Your portfolio will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch: Predictions for Stocks, Rates and Housing for 2025 and How Trump Could Change Everything Add "Money Talks News: The Podcast" to your favorite player! MTN | Youtube MTN | Apple Podcasts MTN | Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Tax breaks are brewing. Benefits are ballooning. Revenue worries are rising. Trump's latest tax proposals could transform your wallet's future overnight. Will tip workers celebrate? Can caregivers catch a break? What happens when Social Security loses more funding? We're diving deep into these game-changing proposals on this week's podcast, featuring our special guest and managing editor Karla Bowsher. Follow along with her viral article "8 Groups Who Can Expect New Tax Breaks Under Trump" as we break down each potential tax change.It could save you thousands. And to stay informed on the latest tax developments, subscribe to the Money Talks News newsletter and YouTube channel now. Your accountant will thank you! Make new friends! Join the MTN Facebook Retirement Group. Click to watch: "8 Groups Who Can Expect New Tax Breaks Under Trump" Add "Money Talks News: The Podcast" to your favorite player! YouTube Apple Podcasts Spotify Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Chapter Markers: 0:00 - Introduction & Overview 2:01 - Tax-Free Tips Proposal 6:36 - First-Time Homebuyer Benefits 10:15 - Unpaid Caregiver Tax Credits 13:42 - Overtime Tax Elimination 15:55 - Social Security Tax Changes 19:32 - Car Loan Interest Deductions 21:17 - SALT Deductions 22:38 - Americans Abroad & Conclusions Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Retirement plans hang in the balance. Healthcare costs remain uncertain. Social Security faces crossroads. Trump's proposed policies could reshape retirement as we know it. Will Social Security survive? Can tariffs boost the economy? What happens to Medicare? We're diving deep into retirement's future on this week's podcast. It's information you can't afford to miss. So grab a seat and tune in. It could protect your retirement. And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group. Click to watch: "5 Ways President-Elect Trump Could Change Your Retirement" Add "Money Talks News: The Podcast" to your favorite player! YouTube Apple Podcasts Spotify Chapter Markers: 0:00 - Intro 3:00 - Social Security Changes 6:00 - Healthcare Impact 9:00 - Inflation & Tariffs 12:00 - Interest Rates 14:00 - Conclusion Love growing your wealth? You'll enjoy these courses. Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Got a question, comment or topic you’d like to suggest? Tell us about it! Email us at hello@moneytalksnews.com. That’s hello@moneytalksnews.com. Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

The economy's revving up. Inflation's creeping in. Policy changes are looming on the horizon. President Trump's second term could reshape America's financial landscape. Will your taxes plummet? Are tariffs going to spike prices? What will happen to healthcare and Social Security? We're diving into these hot topics on this week's Finance Friday podcast from Facebook Live. It's crucial information for your financial future. So grab a coffee, settle in, and tune in. It might just fatten your wallet. And to stay ahead of the game, follow Money Talks News on social media and subscribe to our newsletter. Your future self will thank you! Make new friends! Join the MTN Facebook Retirement Group Click to watch:4 Ways Upcoming Policy Changes Might Affect Your Wallet Add "Money Talks News: The Podcast" to your favorite player!MTN | YoutubeMTN | Apple PodcastsMTN | Spotify Chapter Markers: 0:00 Introduction2:22 Income Taxes15:30 Tariffs 26:17 Stock Market 30:40 Social Security 35:29 Healthcare 39:10 Immigration 43:49 Summary and AdviceBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Housing market shake-up ahead? Trump's policies could turn real estate upside down. Will tax breaks boost first-time buyers? Can federal lands solve the housing shortage? What about those tariffs and immigration plans? We're diving deep into these hot topics on this week's podcast. It's information you can't afford to miss. So grab your headphones, tune in, and get ready to navigate the changing real estate landscape. It could make or break your next home purchase. Stay informed and ahead of the curve – subscribe to the Money Talks News newsletter and YouTube channel now. Your wallet will thank you later! Make new friends! Join the MTN Facebook Retirement Group Click to watch:4 Trump Plans That Could Help (or Hurt) the Housing Market Add "Money Talks News: The Podcast" to your favorite player!MTN | YoutubeMTN | Apple PodcastsMTN | Spotify Love making money? You'll enjoy these links. Click Here for the Free Money Talks News Newsletter! Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Chapter Markers: 0:00 Introduction 1:17 Trump's Housing Policies 3:03 Mortgage Rates and Inflation 6:03 Immigration and Housing Supply 9:45 Federal Land Development 12:23 Recap and ConclusionBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

If you're struggling to take your money to the next level, it might be your mindset. Or maybe you don't know where to start. If you're feeling stuck, a money coach might be able to help with long-term financial planning and building wealth. Today's guest is Nicole Stanley, founder of Arise Financial Coaching. Her passion is helping people build wealth so they can create goodness in the world. We're going to look at how your money mindset impacts your finances and the way a financial coach can help you take the next step toward building greater wealth. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. What is a money coach? So many people are out there claiming to be able to tell you how to make the most of your money. Some of these folks have financial credentials, while others don't. Trying to figure out who to trust can be a big deal. Nicole explains what a money coach does, pointing out that coaching has fewer regulations and is a different beast from financial advising. It's also important to note that a financial coach doesn't do the same thing as a financial advisor and won't manage your money for you. Additionally, while some organizations recognize coaches, anyone can call themselves a coach and take your money. We have a great article on how to choose a financial advisor that works for you. What can a financial coach do for you? While a financial coach isn't usually a credentialed financial professional, they can still help you on your financial journey. Here are some of the ways a money coach might be able to provide you with insights into your finances: Exercises to help you understand your relationship with money Help you understand your financial values Set money priorities that make sense for you See money as a tool to help you achieve your goals rather than being the end goal Make a change to how you view money We also talk a little bit about financial shame and how some gurus, like Dave Ramsey, focus on that aspect to motivate you rather than finding positive motivation. (Check out our podcast episode on Dave Ramsey.) Meet this week's guest, Nicole Stanley Nicole Stanley is the owner and head money coach at Arise Financial Coaching. Her mission? Shame-free and accessible wealth-building education empowering women. Nicole is a Latina founder and personal finance expert. After paying off debt and increasing her family's net worth through investing, she discovered her passion for helping women change their communities through financial literacy and wealth. Arise Financial Coaching has helped hundreds of women escape debt, save, and become confident investors. Nicole and Arise have been featured on GMA, Yahoo Finance, Time, ABC News, Go Banking Rates, and more. Website Facebook Instagram Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Healthcare is changing. Trump's policies could turn your family's finances upside down. Will abortion access be restricted? Is the Affordable Care Act on the chopping block? What about those prescription drug prices? We're exploring all that and more on this week's podcast. It's information you need to know. So sit back, relax, and check it out. It could make you healthier and wealthier. And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! https://youtu.be/4KHlsX2n4LY Timestamps: 0:00 Introduction1:00 Abortion Policies and Economic Impact5:00 Affordable Care Act Modifications9:00 Make America Healthy Again Movement13:00 Food Regulations and Deregulation14:40 Conclusion Click Here for the Free Money Talks News Newsletter! Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Got a question, comment or topic you'd like to suggest? Tell us about it! Email us at hello@moneytalksnews.com. That's hello@moneytalksnews.com.  Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Stocks are surging. Rates are rising. Inflation clouds are beginning to gather. President-elect Trump's policies could turn your family's finances upside down. Will the stock celebration continue? Are taxes going down? What will 60% traiffs on Chinese imports do to prices? We're exploring all that and more on this week's podcast. It's information you need to know. So sit back, relax, and check it out. It could make you richer. And to stay ahead of the curve, subscribe to the Money Talks News newsletter and YouTube channel now. Your future self will thank you! Video version: https://youtu.be/Fi_qoOB_oJg Timestamps:0:00 Introduction1:29 Stock Market Reaction5:05 Trump's Tax Plans10:05 Tariffs and Trade15:27 Inflation and Interest Rates19:54 Conclusion and Advice Click Here for the Free Money Talks News Newsletter! Take our course The Only Retirement Guide You'll Ever Need Take our course Money Made Simple Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Are you falling for financial fake news? A recent survey shows many Americans have wildly inaccurate views of our economy, potentially costing them big bucks.From believing we're in a recession to thinking unemployment is sky-high, these misconceptions could keep you from making smart money moves. But here's the kicker: the economy's actually growing, unemployment's near record lows, and the stock market's been on fire. Ready to get the real scoop on the economy and make informed decisions with your money? Check out this week's Money Talks News podcast for fact-based insights and tips on finding reliable financial news. Don't let misinformation cost you – your future self will thank you for tuning in!  Subscribe to both the Money Talks News newsletter and our YouTube channel. You'll be glad you did! Check out the video version:https://youtu.be/2vd_ZBoic9k Chapters:0:00 Introduction and survey results5:00 The truth about the economy10:00 How to find reliable news sources15:00 Elections and the stock market20:00 Closing thoughts and resources  Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Are you ready to cast your vote but still unsure how each candidate might affect your wallet? This week's Money Talks News podcast dives deep into the economic policies of Trump and Harris. From tax plans to tariffs, energy policies to job transitions, we break down the key differences that could impact your family's finances. Our diverse panel of hosts, spanning from their 20s to late 60s, offers unique perspectives across generations and economic standings. Whether you're a high-income earner or an average Joe, a Gen Z just starting out or a Baby Boomer nearing retirement, this episode has insights for you. But remember, these policies have far-reaching consequences beyond just your bank account. Ready to make an informed decision? Tune in to this Insightful conversation. And don't forget to subscribe to both the Money Talks News newsletter and our YouTube channel for more expert financial advice and money-saving strategies. Your future self (and your wallet) will thank you! Video Version: https://youtu.be/okDOTcqbs5Q 0:00 Introduction and Election Talk2:00 Income Tax Differences5:00 Tariffs and Trade Policy10:00 Energy Policy and Climate Change15:00 Government's Role in Job Transitions20:00 Summary of Candidate DifferencesBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

We've all heard the saying "money can't buy happiness," but is that really true? This week's podcast explores the connection between money and happiness, diving into Maslow's hierarchy of needs and its financial implications.While some studies suggest there's a plateau to how much happiness money can bring, today's guest, Jim Wang from Wallet Hacks, argues it's more about how you spend your cash than how much you have.Ready to unlock the secrets of a truly rich life? Tune in to this thought-provoking discussion. And don't forget to subscribe to the Money Talks News newsletter, Podcast, and YouTube channel for more expert financial advice and life-changing insights. Your happier, wealthier future self will thank you!Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Who Doesn't Want to Be a Millionaire? This week's 'game show' style Money Talks News podcast might just hold the key to your financial future. Host Stacy Johnson, worth over $10 million, shares his wealth-building secrets with two contestants aspiring to become millionaires.Ready to test your knowledge on how to become a millionaire? Play along with the Money Talks News crew. And don't forget to subscribe to the Money Talks News newsletter and YouTube channel for more expert financial advice and money-saving strategies. Your future wealthy self will thank you! 0:00 Introduction and Game Setup2:02 Six Ways to Become a Millionaire5:36 Spending Less Than You Earn8:03 Looking Rich vs. Being Rich10:29 Investing in the Stock Market14:34 Closing Thoughts and AdviceBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Are you throwing your hard-earned cash down the drain? You might be if you're falling for these common money traps. In this Facebook Live episode, Stacy Johnson, founder of Money Talks News, breaks down five financial pitfalls that could be costing you big time. From timeshares to car leases, gambling to subscription services, and investment scams, Stacy exposes the hidden costs and risks behind these seemingly attractive options. But it's not all doom and gloom! Stacy also shares practical tips on how to make your money work harder for you, including shopping around for better interest rates and insurance policies. Plus, he dives into the nitty-gritty of retirement planning, discussing the pros and cons of traditional IRAs versus Roth IRAs. Ready to stop the financial bleeding and start building real wealth? Tune in to this eye-opening discussion. And don't forget to subscribe to the Money Talks News newsletter and YouTube channel for more expert financial advice and money-saving strategies. Your future self (and wallet) will thank you! Watch the show here:https://youtu.be/F75aHRsRpZg http://moneytalksnews.com/ https://www.youtube.com/@moneytalksnews https://www.facebook.com/moneytalksnews MTN Retirement Group:https://www.facebook.com/groups/moneytalksnewsretirement  Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Your Instagram and TikTok are full of them: Influencers trying to convince you to part with your hard-earned cash and spend it on some trendy item that you won't be using two weeks from now.While conspicuous consumption has been all the rage in recent years, with influencers sharing their massive hauls, there's been a shift. In fact, the latest trend is DEinfluencing.Is deinfluencing really where it's at? And will it save you money? This week's guest, Kara Perez, is the founder of Bravely Go, a website that focuses on sustainable finances. She's also a deinfluencer and the author of Green Money: How to Reduce Waste, Build Wealth, and Create a Better Future for All. Ready to save more with a little deinfluenceing? Take a listen to this eye-opening discussion. But before you do, don't forget to subscribe to the Money Talks News newsletter and YouTube channel for more expert financial advice and money-saving strategies. Your future self will thank you! https://youtu.be/e636rxDyt0U 0:00 - Intro: What is Deinfluencing?3:45 - The Rise of Influencer Marketing8:30 - Key Deinfluencing Strategies14:15 - Balancing Sustainability and Consumerism19:00 - Impact on Companies and Product Quality23:30 - Making Money as a Deinfluencer27:00 - Conclusion: The Future of DeinfluencingBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

In this week's Finance Friday host Stacy Johnson shares personal reflections and tackles key financial topics: Social Security: When to claim? Waiting until 70 maximizes benefits, but isn't right for everyone. Consider your health, job satisfaction, and financial needs. Stock market outlook: Currently overvalued, but timing the market is risky. Instead, invest regularly and buy more when prices dip. Retirement savings: The 4% withdrawal rule can work, but there's no one-size-fits-all answer. Save as much as possible and adjust based on your specific situation. Mortgage payoff vs. investing: With today's low rates, you may be better off investing extra cash than paying off a low-interest mortgage early. Stacy also reminds listeners to stay informed and vote in upcoming elections, as political outcomes can significantly impact both health and wealth. As always, he emphasizes that while money doesn't buy happiness, it sure can be fun if you're already content. So build wealth, but don't forget to enjoy life along the way! Watch now on Youtube: https://youtu.be/7UMHs7fs2L4 Join MoneyTalksNews' Retirement Facebook Group for more straight-talking financial advice from Stacy and the team. https://www.facebook.com/groups/moneytalksnewsretirementBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Last year, a NerdWallet survey found that 84% of Americans with a monthly budget spend beyond it. So what gives? If you have a budget, shouldn't that help you stay on track? Maybe it's less about creating a budget and more about understanding your cash flow or how money moves through your personal economy. To help us tackle our cash flow, we've invited Jason Vitug back to talk about his six-step system for better moving your money. You can find his system in his latest book, Make Your Money Smile. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. Understanding cash flow vs. budget One of the most important things to understand is how money moves through your personal economy. We discuss how your monthly cash flow is more than your budget. Some of the items we tackle with our guest Jason include: How to find your cash flow number Figuring out your broad categories Paying attention to when you get paid and when your bills are due Part of syncing your budget with your cash flow is understanding your values We have some great past podcast episodes on money management, including how to make money management fun and manage your money the lazy way. Tips for better money management We also discuss ways to improve money management. One of the easiest ways to do this is to automate your finances. We have some suggestions for personal finance apps, like YNAB, that can help you automatically track your spending and see where your money is going. Automated finances also include scheduling your bills and using autopay (although not all bills should be on autopay). Other tips we talk about include making sure you save some money for fun things. Cutting everything you enjoy out of your budget can lead to binging later. We also have a few tips for saving money on everyday things, so you can spend more on things you love. Focusing on your cash flow and setting up the right systems will help you make better financial decisions and get your money back on track. Meet this week's guest, Jason Vitug Jason Vitug is an award-winning creator, author, speaker, entrepreneur, and producer. He is the founder of the personal finance website phroogal.com, creator of the Road to Financial Wellness, and champion of #theSmileLifestyle, a community devoted to experiential and purposeful living. Jason is the author of the bestselling and New York Times-reviewed book, You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life. His TEDx talk about breaking the money taboo is one of the most viewed talks on money. In his previous life, Jason was a nationally recognized credit union executive championing financial wellness. He currently works on wellness initiatives with Fortune 500 companies, credit unions, community banks, and fintech startups. Jason received his bachelor's at Rutgers University and MBA at Norwich University. He's an avid traveler, having visited all 50 states, explored 45 countries, and stepped foot on five continents. He is also a certified yoga teacher and breathwork specialist. Website Twitter Instagram Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Join financial expert Stacy Johnson as he breaks down the recent Federal Reserve interest rate cut and its impact on your wallet. In this engaging live session, recorded on September 20, 2024, in the Money Talks News Retirement Facebook Group, Stacy explains: Why the Fed lowered rates and what it means for the economy How falling interest rates affect savers, borrowers, and investors Strategies for locking in higher rates before they disappear Tips for managing your stock portfolio in a changing market With over 45 years of experience in finance, Stacy offers practical advice and answers viewer questions in real-time. Whether you're concerned about your savings, considering a mortgage, or wondering how to adjust your investment strategy, this episode provides valuable insights for navigating the current financial landscape. Don't miss this opportunity to learn from a seasoned professional and get your money questions answered. Tune in to "Money Talks Live" for straightforward financial advice you can use today! Want to be part of future live sessions? Join our Retirement Facebook Group: www.facebook.com/groups/moneytalksnewsretirement/Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

The great wealth transfer of trillions of dollars in assets – approximately $72.6 trillion over the next 20 years – has begun. Among those assets are inherited properties, but it's tough to deal with the baggage that comes with an inherited house. Pam Krueger from Wealthramp is back to go over essential questions to ask when you inherit a house. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. Getting ready to inherit a house It's not unusual to consider a home as part of an inheritance. However, if you're on the receiving end of that inheritance, you might not be sure what to do. Pam points out that any type of inheritance can be emotional and lead to difficult conversations. If you need help talking to your parents, we have a podcast episode about how to talk to your aging parents about money. When you decide to talk about inheriting a house with your parents and siblings, it might also be a good idea to bring in a financial planning professional or estate planner. Getting everyone together so you're all on the same page can reduce the stress involved later. How to deal with an inherited house As you review the inheritance, there are some important questions to ask, and plenty of pitfalls to avoid. Some of the most important things to address include: Is there a reverse mortgage on the home? Once your parents pass, a reverse mortgage can potentially put some limitations on your ability to keep the home in the family. Miranda shares a story of a friend who had no idea there was a reverse mortgage on an inherited house and is dealing with the fallout. Do you understand the capital gains? Pam talks about stepped-up basis for capital gains taxes on an inherited house. The good news is that you'll be protected from some of the tax consequences of inheriting. Should you buyout the home? Talk to your siblings about a buyout if you want to be able to do what you want with the inherited house. How do you split the proceeds? If you're sharing, you need to know how to split the proceeds—after the estate pays out for taxes and upkeep and other expenses. What's the family situation? Be realistic about your family situation and your parents as you discuss family matters and take into account everyone's preferences. Meet this week's guest, Pam Krueger Pam Krueger is a recognized investor advocate, award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor-matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors. Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids. Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts. Wealthramp Podcast: MoneyTrack Podcast: Friends Talk Money Twitter LinkedIn Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

In this episode of Money Talks News, Stacy Johnson and his team dive into the economic promises and potential impacts of the upcoming presidential election. With characteristic wit and skepticism, Stacy cuts through the campaign rhetoric to examine what Trump and Harris are really saying about the economy - and why much of it may be "bullsh--." From tariffs to tax cuts to home buyer incentives, Stacy breaks down the candidates' proposals and explains why many are unlikely to become reality. He also offers insights on how presidential policies actually affect the stock market and economy. If you're looking for straight talk on politics and your money, don't miss this lively and informative discussion!Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

You've undoubtedly met people who have made a lot of money in the stock market and dreamed you could become one, too. If that's you, I've got great news. You can learn to be a successful stock investor, make some money and maybe some friends while you're at it. How? By joining an investment club. Today we welcome Ionnie McNeill, a member of the nonprofit National Association of Investors to give us the lowdown. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. What is an investment club? Our guest, Ionnie, talks about joining an investment club and how it's helped her and others become better investors. Even though it's relatively easy to start investing no matter how much money you have, sometimes it helps to learn from others. Plus, investment clubs can also provide support. For an index investor like Miranda, joining a club might not make sense. However, if you want to learn how to evaluate stocks and understand the metrics to use when picking stocks for your portfolio, an investment club can help. Ionnie takes us through the mechanics of her club and how it works to help new investors learn. Additionally, being part of an investment club can motivate you, even as a seasoned investor, to implement principles that will benefit your portfolio over time. We also talk about other types of investment clubs beyond stocks, like those that focus on real estate investing and other assets, that you can join based on your interests. How to avoid investment club scams Unfortunately, whenever you have a good thing, someone almost always wants to scam off it. That's the case with investment clubs as well. There are plenty of financial scams masquerading as investment clubs. Ionnie helps us understand some of the scam red flags to watch out for: A stranger approaches you online, through social media or texting app. There's no real vetting process. A legitimate investment club usually has requirements to join and a process that allows you to see if you fit. There's a focus on day trading or getting rich quick. The asset selection process isn't transparent and you're told there's minimal participation. Ionnie suggests joining the American Association of Individual Investors, which can help you find model portfolios and principles, and also checking out BetterInvesting.org, which can help you find (or even start) an investment club. Meet this week's guest, Ionnie McNeill[caption id="attachment_492295" align="alignnone" width="837"] Courtesy of Ionnie McNeill / Money Talks News[/caption] Ionnie McNeill is a longtime BetterInvesting member and volunteer, originally joining as a youth member. Currently, she is serving as a BI National Board Member and the President of the BetterInvesting South Florida Chapter. In the summer of 2020, Ionnie and 26 other people started the South Florida Model Investment Club, which welcomes visitors to come and observe how an investment club is run on BetterInvesting Principles. "The Baby Billionaire's Guide to Investing" is her children's book explaining the importance of investing early and the power of compound interest. She is originally from Miami, FL and is a proud graduate of Howard University. Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoorsBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Today we're tackling a hot topic in the world of finance—the possibility of the Federal Reserve cutting interest rates in September. That's right, the market is buzzing with speculation about what the Fed might do, and we're here to break down what a rate cut could mean for your investments, your retirement plans, and the economy as a whole. Could this potential move by the Fed be a boost to your portfolio, or might it signal something more concerning like a recession? We've got all the insights and strategies you need to prepare for whatever comes next. Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Americans owe more than $1.1 trillion in credit card debt—and a good portion of that is because too many of us are using plastic to pay for basic necessities like rent and food. But no matter where your debt comes from, one thing's for sure. It's stressful. According to one survey, more than half of U.S. adults with debt say they feel stressed because of it. So what can you do if you're feeling overwhelmed? Consumer attorney and debt relief expert Leslie Tayne is here to save the day. She specializes in law-based debt solutions and today she's going to help us with the steps to take when we're feeling overwhelmed by debt. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. Are you overwhelmed by your finances? It's not uncommon to feel overwhelmed by your debt. In fact, in this episode, we mention how Miranda made a mistake that destroyed her credit, even though she knew better. Stacy also talks about getting a handle on debt in his book Life or Debt. We also look at some of the signs that your finances might be heading off track with signs such as: Living paycheck to paycheck Having more bad debt vs. good debt Difficulty creating and sticking to a budget that works The good news is that you don't have to remain overwhelmed by your finances. And it doesn't mean you have to move or sell your car or take other steps that might not actually be helpful. Considerations when getting out of debt Our guest, Leslie, points out that no one method works for everyone. Some of the tips Leslie offers include: Try to detach from emotion as much as possible Look at your current finances, including whether you have a variable income Find ways to develop new habits and model better behaviors for your children Take into account short-term and long-term financial goals We also discuss debt consolidation vs. debt settlement and when it makes sense to seek help from an attorney like Leslie. Plus, if you're looking for help getting your credit score back on track, you can listen to our podcast episode about credit repair. Meet this week's guest, Leslie Tayne Leslie H. Tayne, Esq. is an award-winning financial attorney and author of Life & Debt. She has over 20 years of experience in consumer and business financial debt solutions, which includes negotiations with large international banks and credit agencies for loans, lines of credit, credit cards and student loans. Leslie is the founder and managing director of Tayne Law Group, P.C., a law firm headquartered in New York dedicated to debt solutions. Leslie is frequently sought out for her expertise on financial, credit, and debt topics in the media. As a speaker, she regularly provides insight and strategies regarding all areas of debt and credit-related solutions to outlets like the Huffington Post, Yahoo Finance, US News and World Report and MSN. Website Blog Twitter/X Instagram LinkedIn Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoorsBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

In this episode, we're talking about the top four mistakes investors make. When it comes to stocks, we all know we're supposed to buy low and sell high, but for many of us, that's a lot easier said than done. Many investors tend to buy when the market's topping, then panic and sell at the bottom. That's one common mistake investors make, but it's far from the only one. Today, we're talking to a behavioral investing expert about how simple mistakes can lead to big losses, especially during times of economic uncertainty. He's going to help us avoid falling into behavioral traps and make us all better investors. Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our guest is Jason L. Smith, CEO and founder of C2P Enterprises and author of The Bucket Plan. Before you listen, remember: This isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn. You can listen to the podcast wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify We all make money mistakes It's impossible to get through life without making a mistake or two. Whether it's listening to the wrong financial guru or even if you make a big mistake (like Miranda) that ruined your credit, we've all been there. We talk specifically about investing mistakes, but we have plenty of resources to help you identify and avoid other money mistakes. 12 Home-Selling Mistakes You'll Regret 7 of the Worst Car-Buying Mistakes You Can Make 6 Mistakes To Avoid When You Turn 65 27 Big Financial Mistakes That Most People Make — and How to Fix Them 14 Mistakes That Are Running Up Your Water Bill 16 First-Time Homebuyer Mistakes To Avoid 10 Embarrassing Mistakes Almost Everyone Makes 5 Retirement Planning Mistakes You'll Regret Forever 9 Money Mistakes Setting Fire to Your Future Investing for the future Don't let the fear of making mistakes keep you from investing. In fact, one of the biggest mistakes is not getting started. Here are some articles that can help you become a better investor. 3 Myths That Successful Investors Wish You'd Stop Believing Saving Is Not Enough: Why You Need to Invest 5 Simple Tips to Make Money With Stocks Investing in Gold and Gold IRAs: 5 Things You Need to Know How to Choose Between Active and Passive Investing 7 Things You Should Know Before Investing in I Bonds 9 Tips for Sane and Successful Stock Investing Environmental, Social and Governance (ESG) Investing: Hope or Hype? How to Invest When Both Stocks and Bonds Are Falling 7 of the Best Ways to Invest That Don't Involve Stocks How to Find the Best Dividend Stocks, Step by Step How to Position Your Investment Portfolio for Tax Advantages Meet this week's guest, Jason L. Smith Jason L. Smith, CEP®, BPC is a nationally acclaimed speaker, financial planner, best-selling author, coach, and entrepreneur. He is the founder and CEO of C2P, as well as JL Smith, his own holistically run financial services practice. Jason is the author of the best-selling book, The Bucket Plan: Protecting and Growing Your Assets for a Worry-Free Retirement, which was recently named by U.S. News & World Report as one of the Top 10 retirement planning books and the only one based on a financial planning process. He also wrote Clarity 2 Prosperity: An Advisor's Guide to Charging Planning Fees for Holistic Planning, and co-authored The Hiring Advantage. Jason's Bucket Plan philosophy inspired a children's book designed to teach kids responsible spending, saving, and earning principles, Days Can Be Sunny for Bunnies and Money. Jason and his wife, Holly, have a daughter, Jordan, and two sets of twins: Berkeley and Wyatt, and Lincoln and Lennon. Jason enjoys reading, grilling, yoga, strength training and anything that gets him outdoors. Website X (Twitter) Facebook Instagram LinkedIn Threads YouTube Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Americans are worried about retiring, with 61% concerned they won't have enough money to support their lifestyle. On top of that, 20% of those over the age of 50 don't have ANY retirement savings. This is a ticking time bomb for many people. But there's help on the horizon. Now, savers can supercharge their retirement savings now that more provisions from SECURE 2.0 Act of 2022 are going into effect. Secure 2.0 is a law encouraging employees to contribute to 401(k) or 403(b) plans.  In today's podcast, Ed Slott, CPA and founder of IRAHelp.com, and author of The Retirement Savings Time Bomb Ticks Louder; helps us understand what savers need to know about SECURE 2.0 and how it can help them. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. What you need to know about SECURE 2.0 This is a follow-up to an episode we did with Ed Slott last year, previewing SECURE 2.0 and what you need to know about the updates from the original SECURE Act passed in 2019. You might complain about politics and Congress, but it's important to stay on top of some of these changes. We talk about how some of the ways that SECURE 2.0 is starting to take effect, with our guest Ed pointing out that many of the provisions are spread out over the coming years. Some of the main changes you'll see in SECURE 2.0 include: New catch-up contributions for people aged 60-63 Automatic enrollment in 401(k) plans Roth versions of SEP and SIMPLE IRAs Updated QCDs The ability to roll 529 money into a Roth IRA What you need to know for a richer retirement Building a richer retirement is about planning and understanding how to use these new laws to get more bang for your retirement buck. We talk about how to plan for higher taxes in the future, whether an annuity makes sense and how to decide when to start relying on retirement income. We also discuss how some of the SECURE 2.0 provisions could lead to decisions that might not help your retirement. For example, the new ability to withdraw money for emergencies without paying the extra penalty could result in less money later. Ed points out that using retirement money in an emergency still results in taxes, and it could also lead to opportunity costs down the road. While life happens, having an emergency fund and only drawing on your retirement as a last resort. Meet this week's guest, Ed Slott Ed Slott is a nationally recognized IRA distribution expert, television personality, and best-selling author who has dedicated his life to educating Americans on the intricacies of IRAs.  He was named "The Best Source for IRA Advice" by The Wall Street Journal. Slott is the author of numerous highly acclaimed books, including his latest, The Retirement Savings Time Bomb Ticks Louder. He has also hosted several public television programs, including his latest, Ed Slott's Retirement Freedom!, and is a Professor of Practice at The American College of Financial Services. IRAhelp.com Get Ed's new book Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Editor's Note: This episode initially aired on March 15, 2023. It may contain some details that are out of date. According to the latest report from Vanguard, looking at the average amount of money saved for retirement, there's a good chance you might not be on track for comfort in your golden years. The average 45-year-old has less than $180,000 saved for retirement. But how do you change that? How do you even figure out when you have enough to retire? This week's guest is going to help you figure out your retirement number — and how you can reach it. As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Chris Mamula, one of the partners at Can I Retire Yet? He retired at 41 by figuring out his retirement number and working toward financial freedom. He's going to share his process and the steps you can take to retire earlier than you thought. Be aware that anything you hear on this podcast doesn't constitute financial advice. Always do your own research and consult your own experts before acting on anything you learn here. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. Do you know how much you need to save for retirement? We talk about the importance of being mindful, looking ahead and thinking about what you want out of life as you plan for retirement. Our guest, Chris, talks about the importance of a retirement number, but it's less of a specific number and more of a plan. Meet this week's guest, Chris Mamula used principles of traditional retirement planning, combined with creative lifestyle design, to retire from his career as a physical therapist at age 41. He, his wife and his young daughter then made a cross-country move from Pennsylvania to Utah to pursue their passion for outdoor adventure. After poor experiences with the financial industry early in his professional life, Chris educated himself on investing and tax planning, including recently completing the Certified Financial Planner education curriculum and passing the CFP exam. Chris now draws on his experiences to write and speak about DIY wealth building, investing, financial planning, early retirement and lifestyle design at the blog Can I Retire Yet? He is also the primary author of the book "Choose FI: Your Blueprint to Financial Independence." In addition, Chris works one-on-one with those looking to improve their finances and use them to create a better lifestyle as an advice-only financial planner with Abundo Wealth. Website Twitter Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Gen X is often considered the overlooked generation, but we're looking right at YOU today. Gen X is people born between 1965 and 1980, so this is a group that should be starting to think about retirement. But will they be ready? As the Baby Boomer generation aged, they figured they'd need just under a million – $990,000 to retire. Gen X? Different story. According to the results of a January survey by Northwestern Mutual, the average amount that people across this age group said they would need to retire comfortably is closer to $1.5 million. Yet, the average Gen X household has only $40,000 in retirement savings, compared to the Baby Boomers' average of $70,000. This week, friend of the show Pam Krueger from Wealthramp joins us to talk about what you can do if you're worried about hitting your retirement mark. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. Gex X is stressed about retirement Miranda and Aaron are Gen X, but they're not super-stressed about retirement. At least not yet. They're a little ahead of the curve in terms of average net worth by generation, but that has more to do with their career path than anything else. However, if you're Gen X and worried about retirement, you're not alone. Gen X is feeling the pinch of being the sandwich generation, and we discuss that reality with our guest, Pam. With all the family financial pressures, it's no surprise that Gen X is feeling concerned. The good news is that there's still time to catch up and make a plan for a better financial future, and we talk about it in this episode. Steps for securing your Gen X retirement Pam takes us through some of the most important steps you can take to make retirement a reality, even if you feel like you've fallen behind. Some of the things you can do right now include: Use a deep dive into your finances to figure out where you're at and create a plan for your money. Identify your magic number for retirement, including the calculations you need to determine it. Contribute to tax-advantaged retirement accounts (including the Roth IRA) and make catch-up contributions if eligible. Check out our podcast episode on turbocharging your retirement savings for more information on getting more bang for your future buck. Meet this week's guest, Pam Krueger Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors. Her perspectives on personal finance regularly appear in Marketwatch, Forbes, PBS Next Avenue, and she is a frequent speaker on fiduciary financial advice. In addition, Pam is an active volunteer member of the Retirement Income Committee at the Defined Contribution Institutional Investment Association (DCIIA), a non-profit dedicated to enhancing the retirement security of America's workers. She has also served on the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, where she created one of their most successful curricula available for K-12 teachers called, Investing Pays Off For Kids. Each year, she spends part of her time in San Francisco, California and lives in Cape Cod, Massachusetts. Wealthramp Podcast: MoneyTrack Podcast: Friends Talk Money Twitter LinkedIn Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

If you're on a steady salary, creating a spending plan is straightforward, because you know both what's coming in and what's going out every month. But what if you don't have a stable salary? What if you're one of the millions of Americans who do side work or own a business or get paid commission? For you, a variable income is just part of the deal. This is also true for people who depend on tips, like bartenders, Uber drivers, servers -- you name it. So, how are you supposed to budget or create goals when you don't know how much money you're going to make tomorrow, much less next month or next year? Let's find out. In today's podcast, we're going to tackle the topic of creating a stable budget with an unstable income. As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our guest is Barbara Sloan, a former exotic dancer and the author of "Tipped," a book about financial empowerment for service industry workers. Be aware that nothing you hear on this podcast constitutes financial advice. Always do your own research and consult your own experts before acting on anything you learn here. You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos. What kind of career do you have? We tackle some of the main things you need to be aware of when you work in a career that features a variable income. Barbara's book, Tipped, takes you through what you need to know as well. If you're looking for a new career or source of income, check out some of our articles on different jobs and side hustle ideas. The Ultimate Guide to Building Freelance Income Side Hustle Success: Financial Freedom From Lipstick and Bras 7 Tips for Getting a Great Part-Time Job in Retirement Calling All Night Owls: 14 Jobs for People Who Like to Stay Up Late 16 Early-Morning Jobs for People Who Wake Up With the Sun 10 Companies That Hire Part-Time Proofreaders and Editors 7 Things You Need to Know About How to Get a New Job in 2023 4 Tips for a Modern Online Job Search 25 Companies Switching to Permanent Remote Work-From-Home Jobs 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work Why You Can Benefit From a Career Coach Get more from your money Don't forget about money moves you can make, no matter what your income looks like. Here are some of our best resources for budgeting, saving, investing and spending your money. 6 Things Every Self-Employed Worker Should Know About Taxes Money Tight? 4 Legit Ways to Bring in Extra Cash Keep Your Money and Health on Track With These 9 Apps 32 Inflation Hacks to Save You Money in an Economic Downturn 10 Depression Era Hacks and Frugal Living Ideas to Save Money Now 10 Ways to Change Bad Spending Habits and Save Money The 5 Best Budgeting Apps to Get Your Finances Together 8 Surprising Ways to Become Richer Within the Hour Your Guide to Alternative Investments Where Stocks Are Going in 2023 and Where You Should Invest Now 7 Things You Should Know Before Investing in I Bonds The 60/40 Investment Mix Is Dead – or Is It? Meet this week's guest, Barbara Sloan Barbara Sloan is the author of the book Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals. Barbara was a homeless teen, who danced for dollars, and definitely did not graduate from college. She spent two decades working in every imaginable position in the service industry all over the country and learning about money on her own. In addition to owning and running a construction company in the heart of Manhattan, she is a personal finance expert and coach. She leverages her experience in the service industry to focus on issues that many in the mainstream financial media don't cover. Barbara lives in New York City with her wife of 10 years, an esteemed corporate finance exec, and together they are a couple of adorable money nerds who point out every dog they see. Website Facebook Instagram Book Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Welcome to Money Talks News, the podcast making you richer one day at a time. Close to 61% of Americans have a business idea, but it can be tough to actually take the next step. Plus, what happens if you make a major mistake and fail? In this episode, we're talking about how to avoid major blunders when starting a business with special guest Jaspreet Singh from The Minority Mindset. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. Starting a business can have benefits Stacy, podcast producer Aaron Freeman and Miranda all run their own businesses, and this week's guest, Jaspreet, talks about his. Interestingly, money isn't the only reason people start a business although it's certainly a major one. Freedom and flexibility are also reasons to get started, as well as the desire to diversify income and leave the corporate grind. You might be surprised to learn that you can start a business for $1,000 or less. In fact, Jaspreet points out that one of the best things you can do with your business is to get started and aim to make your first $1,000 and figure out the rest later. Even if you think of your business as a side hustle, it can still make sense to consider its benefits and focus on those as you create your plan for the future. Avoid these business mistakes We also talk about the biggest business mistakes to avoid as you get started. Jaspreet points out that mistakes can be expensive, so it's better to learn from others so you know how to avoid the worst business blunders. Some of the business missteps we cover in this episode include: Not planning for taxes, including Miranda's mistake of forgetting that state governments levy taxes on top of your federal taxes. Failing to understand where to invest time and money in your business. Jaspreet talks about how so many people get hung up their logo and business name and never even get started. He shares some of the most important things to focus on. Forgetting to think about who you plan to serve and what you have to offer. Not putting together a marketing plan. You can have the best business idea in the world, but if you don't have a plan to reach those who need it, you won't be successful. Meet this week's guest, Jaspreet Singh Jaspreet is a licensed attorney and the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel. Although he didn't receive any formal financial education. He's on a mission to make financial education fun and accessible. During the launch of his sock company, he was scammed by a marketing company which cost him thousands of dollars. This scam pushed him to start an educational social media page called Minority Mindset. The Minority Mindset implies thinking differently than the majority of people. It's not a racial minority. He started the Minority Mindset YouTube Channel as a hobby to teach others how not to make the same mistakes he made. Now, the Minority Mindset brand has grown into a number of companies, including Briefs Media and Market Insiders. Website Twitter YouTube Facebook Instagram TikTok Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

In this episode of the Money Talks News podcast, we're talking about how organizing your money can make you richer and how to get there with the least possible pain. This will probably come as no surprise, but according to a recent survey, only 23% of Americans have a formal financial plan. And you can probably guess why: 76% of those without a plan say they feel overwhelmed by the thought of creating one, and 56% say life is too uncertain for a plan to have any value. That's a bummer because having a plan for your money can lead directly to having more money. And as we like to say around here, more money is better. That's why this week's guest is going to help us get our money ducks in a row. Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our special guest today is Alissa Maizes, the founder of Amplify My Wealth, a registered investment adviser. Remember, this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Better organization in finances and in life Getting organized can help you in lots of ways, including your finances. From using containers to organize your stuff to using an app to organize your money, we've got tons of tips and resources for you. How to Organize Your Finances, Step by Step 10 Ways to Get Your Financial Life in Order Frugal Living Guide: How to Have Less Stuff and Save Money 17 Products to Keep Your Car Clean and Organized Get Organized Using Containers You Already Own 10 Ways to Reuse Takeout Containers How to Organize a Home Office on the Cheap 10 Set-Up Essentials for Working From Home Organize Your Home With These 10 Thrift Store Finds 12 Smart Tricks to Organize Every Room of Your Home 17 Things You're Keeping for No Reason — and Should Toss 14 Things We Buy and Then Almost Never Use How to budget for more organized finances A budget, or spending plan, can be a great way to stay on top of your finances. We talk about that in this podcast episode, but there are plenty of other resources available on Money Talks News. Here are some of our articles that can help you better budget and keep track of what's going on with your money. How to Create a Budget You Love: 5 Things You Need to Know How to Use the 50/20/30 Rule as Your Budgeting Plan 10 Top Budgeting Lessons to Improve Your Money Management How to Create a Budget You Love: 5 Things You Need to Know The 5 Best Budgeting Apps to Get Your Finances Together How to Create a Realistic Retirement Budget 4 Tips for Setting (and Sticking to) a Vacation Budget 4 Money Conversations to Have With Your Partner When You Budget 10 Tips to Travel Abroad on a Budget (for Weeks at a Time) 9 of the Best Ways to Save Money on a Tight Budget 25 Tax Planning Tips for Now and the Future Start Planning Your 2023 Vacations With These Cards Financial Advisers Say These Are the Top 10 Retirement Planning Mistakes Meet this week's guest, Alissa Maizes Alissa is a licensed attorney and registered investment adviser providing women and young adults with financial advice and a plan that embraces the life they want. Alissa launched Amplify My Wealth to enable you to benefit from receiving financial advice, a financial plan and a partner that guides you on your journey to living the life you want. Her approach eliminates the traditional "waiting game" for clients who otherwise would be unable to avail themselves of having a fiduciary financial adviser that puts their needs first. Website Instagram LinkedIn Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Most people expect to retire one day, and while they may have images of their future selves perfecting their golf game and hitting Wimbledon-worthy serves, let's face it: There's only so much golf and tennis you can play before becoming bored. In fact, if you don't find some purpose beyond work after you retire, you could literally be at risk of dying sooner! Today, we're talking to Nicholas Yeomans, CFP and president of Yeomans Consulting Group. We're going to discuss a new type of retirement. One where you find passion and purpose, stay engaged, and best of all, stay ALIVE! You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. What will your retirement look like? So often, we recognize that we need to save for retirement, but we don't often stop to think about what it will look like. What will you do during retirement? How will your lifestyle change? Our guest, Nic, talks about The Millionaire Next Door, and the fact that you can develop a lifestyle that leads to a fulfilling retirement. Don't forget to go back and listen to our episode with Thomas J. Stanley's daughter about the latest millionaire lifestyle trends you can use to create a life you can enjoy. We also go through some of the different things to consider as you plan for retirement—including your lifestyle preferences. Some of the items we address include: Cultivating and maintaining meaningful friend and family relationships How to plan for better health and cover health care costs in retirement Where the retirement income to support your lifestyle will come from What you need to know about maintaining your mental health How to have intentional conversations about money and what you want to do in retirement with your partner The whole point of retirement is to enjoy your later years. But too many people don't actually think about what retirement looks like. Our guest takes us through the most important things to consider, so you know how to take the next steps. Planning for retirement income Once you've figured out what matters most to you in retirement and what you want it to look like, you need the money to make it happen. With our guest, we discuss how to map out your income, including a debate over the 4% rule, mention of annuities, and how to invest for a bigger nest egg. Don't forget that you can learn how to spend less, save more and grow your income to work toward your goals. The reality is that understanding what you want from your retirement can help you visualize the results and keep you on track. That's why it's so important to understand your values and how you want your retirement to look so that you remain motivated. Meet this week's guest, Nicholas Yeomans Nicholas "Nic" Yeomans, CFP, is President of Yeomans Consulting Group, Inc., a registered investment advisor (RIA) based in Marietta, Georgia serving pre-retirees, retirees, family businesses, and professional real estate investors. As a Certified Financial Planner (CFP®) and fiduciary, Yeomans specializes in tax planning, estate planning, and retirement income strategies, providing clients with education and understanding so they can make important financial decisions for a successful retirement. With more than 20 years in the financial industry, Yeomans considers himself a "retirement coach" and is passionate about providing guidance to those seeking lasting financial security by finding opportunities to build financial legacies that benefit them for years to come. Website Facebook Instagram LinkedIn Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Episode 165 webpage and links. What if you could live in your home while someone else pays the mortgage? That's the idea behind house hacking. House hacking refers to living in a home or multi-unit while renting out part of it. Dedicated house hackers say it's a great way to lay a foundation for a real estate empire—one that can catapult you to financial freedom. But will it work for you? Let's find out. As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Robert Leonard, the author of The Everything Guide to House Hacking. Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations because they're not. Before investing in anything or making any money moves, do your research and make your own decisions. You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos. What is house hacking? In this episode, we talk about house hacking and the different forms it can take. From buying a home and living in it while you fix it up to purchasing a multi-unit property and living in it while your tenants pay the mortgage, there are different ways to get more from your primary residence. Other real estate-related links: Learn about the 10 Things Preventing People From Buying a Home Today Listen to our podcast episode on 5 Ways to Cash in on Real Estate Ready to retire? Read our article on 8 Ways to Invest in Real Estate for Retirement You don't need a lot of money to start investing in real estate: How to Get In on Real Estate Investing Even If You Don't Have Much Money Wondering whether to focus on stocks or real estate? We break it down with this podcast episode: Which Is the Better Investment: Stocks or Real Estate? Looking for more ideas to make money? We've got some, including real estate, in 6 Clever Ways to Build Wealth Outside the Stock Market What can you expect from real estate in the future? Is now the right time to invest in real estate? Or should you wait? Before making that decision, check out our resources on what you need to know. Is the Housing Bubble About to Burst? The Top 10 Emerging Real Estate Markets Right Now 14 Markets Where Home Prices Could Plummet by 30% Is It Time to Buy Real Estate? 10 Housing Markets That Are Most Likely to Keep Their Value And, if you're not sure about real estate, you can also turn to the stock market. It's pretty shaky right now, but that doesn't mean you can't make the most of it. Check out our podcast episode on 5 Things You Need to Know About This Horrible Stock Market. Meet this week's guest, Robert Leonard Robert Leonard is the vice president of growth at The Investor's Podcast Network, podcast host of "Real Estate 101" and "Millennial Investing," founder and managing partner of Piranha Capital, and founder of EverythingHouseHacking.com. He earned an MBA in accounting and finance and a BSBA in finance and economics, and is a certified management accountant (CMA). Robert's book Robert's Instagram Publisher Instagram Robert's podcast network Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

In this episode of Money Talks News, the podcast explores the history and importance of financial independence, particularly for women, with special guest Jannese Torres. Jannese shares her personal journey from a toxic marriage to financial independence and discusses her award-winning podcast 'Yo Quiero Dinero,' which aims to educate women about financial literacy. The conversation covers effective financial strategies, side hustle ideas, the significance of legal agreements like prenups and postnups, and the psychological benefits of paying yourself as an entrepreneur. Jannese also introduces her new book, 'Financially Lit,' designed to guide Latinas through various financial challenges. 00:00 Introduction to Financial Independence 00:26 Meet Janice Torres: From Toxic Marriage to Financial Freedom 00:46 The Accidental Personal Finance Educator 01:28 The Birth of 'Yo Quiero Dinero' Podcast 02:30 Why Financial Independence is Crucial for Women 03:51 Practical Tips for Financial Freedom 04:46 Overcoming Bad Money Habits 07:07 Exploring Side Hustles and Income Streams 12:04 Success Stories and Entrepreneurship 17:26 Overcoming Public Speaking Anxiety 18:41 Building a Freelance Writing Career 19:58 Understanding Social Media Marketing 22:27 Financial Management for Entrepreneurs 24:31 The Importance of Prenups and Postnups 31:23 Conclusion and Final Thoughts You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. Building a business to improve your money choices Did you know that a woman's right to get a credit card without the signature of a man is only 50 years old? It's true. Until the passage of the Equal Credit Opportunity Act in 1974 financial institutions could discriminate against women who didn't have a male cosigner. The right for women to get a business loan without a male cosigner is even later—1988.  For women, having money can be especially important, but everyone can benefit from starting a business for income stability and a shot at a better life. Owning your own business can also facilitate: Leaving a bad job or just getting a better job Walking away from a toxic relationship Moving to a better situation Build an emergency fund Even if you don't plan to use a business to replace a day job, having a side business or other type of income diversity can expand your choices. It can be part of your financial independence journey. Regardless of where the money comes from, our article on building a financial plan for the life you want can help you figure out how to establish your priorities and make money choices that work for you. Tips for building a successful business This episode includes practical tips for building and protecting your business. For more ideas on getting started, check out our podcast episode on how one man built a business empire by selling lipstick and bras. Jannese shares some of her best tips for getting started, including: Understanding what you have to offer potential customers and clients Focusing on going to where those who need you actually are, including being choosy about which social media platforms you spend time on Choose your advertising strategy based on where customers and clients are likely to be Create compelling content Don't forget about business planning, including planning for taxes and creating a separate bank account to handle business income and expenses Look into different legal insurance, business insurance or other insurances you need to protect your business If you're planning on getting married, get a prenup that protects your business assets and preserves them for you in the event of a divorce Consider a postnup if you start your business after getting married Don't be afraid to talk about money We also talk about the difference between a coach and a consultant, and how figuring out where to get the right advice for you is also part of growing a successful business. We also talk about Miranda's book, Confessions of a Professional Blogger, and how it serves as another income source for Miranda, as well as a practical book for those who want to get started with the business of freelancing. Meet this week's guest, Jannese Torres Jannese Torres is an award-winning Latina Money Expert. She became an accidental entrepreneur after a job loss inspired her to turn her food blog into a six-figure business. Throughout the years, her passion for entrepreneurship led her to notice a gap in the conversation around money. Inspired by the J. Lo and Cardi B song "Dinero," in 2019, she decided to start teaching marginalized communities about entrepreneurship, investing, and financial independence through her 5X award-winning personal finance podcast and platform, "Yo Quiero Dinero." Jannese is an expert in the areas of digital entrepreneurship, content creation, financial independence, creating multiple income streams and passive income. With over a decade of experience in digital entrepreneurship, content creation and multicultural marketing, she is now a highly sought-after business coach who helps her clients monetize their skills and pursue financial independence. Website Book Twitter Instagram TikTok Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Editor's Note: Here's one of the best podcasts from the archive that you may have missed. This episode initially aired on March 06, 2021. When my wife and I joined households 11 years ago, we combined our kitchen stuff, our furniture, our linens and just about everything else. The one thing we didn't combine? Our money. When it comes to money, she does her thing and I do mine. About the only time our money meets is on our joint tax return. This is the system that works for us, although it likely wouldn't work for everyone. That's the thing with money and relationships: There's no right answer. Anyone who tells you there's only one correct way to mix money and marriage -- and there are plenty of "experts" who do -- is just plain wrong. The one thing that's universally true is that money secrets are bad. My wife and I don't combine our money, but we do discuss it. Often. Whether you've been together for 30 months or 30 years, avoiding talking money puts your relationship at risk. This is especially true if finances are tight, or if you combine your finances and have different money "personalities" -- such as a spender or borrower in a relationship with a saver or investor. To nobody's surprise, money is routinely cited in surveys as a major source of stress. So when, and exactly how, can we discuss money with our significant others without causing friction? How do we get on the same page and stay there? Or are differences about money just something couples have to learn to live with? In this week's "Money!" podcast, we're going to find answers to these questions, as well as many more. Our guest is best-selling author and award-winning speaker Tarra Jackson, also known as Madam Money. As usual, my co-host will be financial journalist Miranda Marquit, and we're joined by our producer and sound effects guy, Aaron Freeman. Sit back, relax and listen to this week's "Money!" podcast: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Not familiar with podcasts? A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online. They're totally free. They can be any length (ours are typically about a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you're like me, when riding your bike. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to a podcast yet, give it a try, then subscribe to ours. You'll be glad you did! Show Notes Want more information? Check out these resources: MadamMoney.com (Tarra's website) "10 Things You Should Know about Joining Finances in Marriage" "8 Key Steps to Planning for Retirement as a Couple" "6 Ways to Get Your Spouse to Save More Money" "Living Together but Not Married? 5 Important Things to Know" Business Insider: "8 ways to talk to your partner about money" Money Under 30: "How To Have 'The Talk': 6 Tips For Couples Discussing Finances" Mint Life: "How to Talk Money in a Relationship: Dos and Don'ts" NBC News: "The 3 money conversations you and your partner need to have" Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course About me I founded Money Talks News in 1991. I'm a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

In this episode of Money Talks News, the podcast dives into the challenging housing market as Stacy Johnson and Miranda Marquit discuss strategies for buying a home despite high rates and low inventory. They are joined by real estate expert Mindy Jensen from BiggerPockets. Mindy shares insights on preparing finances, creative financing options, and the pitfalls to avoid in such a tight market. The conversation extends to the recent legal changes affecting real estate agent commissions, offering listeners a thorough understanding of the current landscape. Whether you're an eager buyer or a cautious renter, this episode provides valuable advice and perspectives. 00:00 Welcome to Money Talks News: Navigating the Housing Market00:33 Expert Insights with Mindy Jensen on Real Estate01:32 The Art of Live-In Flips and Tax Benefits03:16 Navigating a Tough Market: Strategies and Stories09:44 Financial Strategies for Buying in a High-Rate Market10:57 Understanding Mortgage Payments and Home Affordability14:50 The Rent vs. Buy Debate in Today's Market18:02 Exploring Alternative Financing and Investment Strategies19:56 The Risks and Rewards of Margin Loans for Real Estate23:12 Making Decisions in a Challenging Real Estate Market24:20 Navigating Real Estate Pricing and Mortgage Payments26:11 The Art of Negotiation and Seller Financing32:52 Exploring Mortgage Assumptions and Creative Financing42:36 Adjustable Rate Mortgages: A Risky Solution?45:17 The Future of Real Estate Commissions and Buyer's Agents Existing home sales surged 9.5% in February 2024, the largest increase in a year. Even with the rate of home sales slowing down a bit, they remain relatively strong. With home sales still fairly strong, we're not likely to see prices come down anytime soon. Combine that with relatively high mortgage rates, and it's definitely NOT a buyers market. But what if you're ready to buy a home anyway? What can you do to best position your finances to get ready to buy a home, no matter what's going on with the market? In this episode we welcome back a friend of the show Mindy Jensen from BiggerPockets to help us sort out how to get the best bang for your homebuying buck. Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. Why is the housing market so tough for buyers right now? We start by taking a look at why the housing market is so tough right now—and why prices remain stubbornly high. Some of the reasons that home prices haven't come down as much as we'd like: There remains a housing shortage of at least 1.5 million homes. It can be difficult to buy a home on a current income since home prices have far outpaced wage growth in recent years. Coming up with a down payment can feel challenging in the current climate. On top of that, there are concerns about how the recent settlement with the National Association of Realtors could impact buyer representation and costs for buyers. However, some of these pressures might finally help bring home prices down, at least in some markets. Depending on where you hope to buy, you might be able to find lower home prices as you move forward with your homebuying journey. Tips for preparing your finances for buying a home in any market Our episode includes helpful information on buying a home, pointing out that it depends on your goals. Trying to time the housing market, especially when you're looking for your primary residence, might not make much sense in the long run. We reference a past episode featuring Mindy, which offers tips on getting the best homebuying deal possible. But we also talk about some of the realities of getting financing these days. You don't need to put down 20%, even though that's the conventional wisdom. Indeed, first-time homebuyers often put down 6%, and some conventional programs through Fannie Mae and Freddie Mac allow as little as 3% down. Figuring out how to come up with a down payment is one of the most difficult parts of the process. Government programs can help you get a lower down payment. We talk about FHA loans and VA loans as ways to get help financing a home with a low down payment. Another option is to use seller financing. If you can work out a deal with the seller, and they don't need an immediate chunk of cash, you might be able to convince someone to help you with a deal. Keep your credit score as high as possible and make sure you have a low debt-to-income ratio to increase your chances of being approved at the most competitive rates. Understand your goals for buying. In some cases, getting a cheap live-in fix and flip, like what Mindy does, can be a way to make the most of your dollars—as long as you have the ability to upgrade the home yourself. We also spend some time on the rent vs. buy debate. In the end, figuring out why you want to buy is essential to moving forward. Miranda also talks a little bit about how much she likes renting. Meet this week's guest, Mindy Jensen Mindy Jensen is a licensed agent in Colorado, and has been buying and selling houses for more than 20 years. She's the Community Manager for BiggerPockets.com, and the host of the BiggerPockets Money Podcast. Website Podcast Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Editor's Note: This episode initially aired on June 22, 2023. It may contain some details that are out of date. Are you familiar with Roth IRAs? If you're not, you should be, because Roth IRAs are a great way to get tax-free income after you retire. There is a potential fly in the ointment, however. Namely, not everyone qualifies for a Roth. If you make too much money, Uncle Sam says you can't use 'em. But there's a way around that rule: Fund a regular retirement account, then roll it over to a Roth. It's called a backdoor Roth. Sounds sneaky, right? Should you do it? And if so, how do you go about it? Let's find out. In this podcast episode, we're talking about how to convert an IRA to a Roth IRA without getting eaten alive by income taxes. In addition, we'll be talking about nearly every facet of Roth accounts and why they should be an integral part of every retirement strategy. Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Ed Slott, the founder of IRAhelp.com. He's ready to tell us why a Roth conversion is his No. 1 tax tip for this year. Before we start, remember this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Using an IRA for your retirement We talk about individual retirement accounts (IRAs) in this episode. Here are some great resources on how to make the most of your IRA — whether you get a traditional or a Roth. Investing in Gold and Gold IRAs: 5 Things You Need to Know The 7 Most Popular IRA Investments 15 Mistakes People Make With Roth IRAs Got an IRA? Here's How to Use the Bear Market to Your Advantage How a Roth IRA Conversion Turns a Stock Market Plunge Into a Plus 8 Ways to Maximize Your Traditional or Roth IRA How to Buy Real Estate With Your IRA If you decide to do a Roth conversion, like our guest Ed suggests, make sure you know the rules. We recommend checking out Investopedia's article "Roth IRA Conversion Rules." Learn more about retirement accounts An IRA isn't your only choice for retirement. There are different accounts and strategies you can use to make the most of your golden years. Here are some great resources for getting more out of retirement. My Retirement Savings Are Shrinking. Should I Worry? How to Retire at Any Age Using Your Retirement Number 12 ‘Course Corrections' That Will Improve Your Retirement The Top 11 Sources of Retirement Income, According to Retirees 5 Dumb Retirement Mistakes Everyone Makes How to Boost Your Social Security by 30% + 7 Tips for a Richer Retirement How to Save for Retirement, Decade by Decade 11 Huge Retirement Costs That Are Often Overlooked 9 Topics to Tackle Now to Survive Retirement With Your Spouse 8 Countries That Offer Retirement Visas to Americans How 401(k) Plans Could Soon Be More Like Pensions Have a 401(k)? Here's a Secret Retirement Plan You Probably Don't Know About 7 Key Habits of 401(k) and IRA Millionaires 4 Ways to Save for Retirement Without a 401(k) Why a Solo 401(k) Offers Big Savings Opportunities for the Self-Employed Meet this week's guest, Ed Slott[caption id="attachment_426514" align="alignnone" width="1920"] Courtesy of Ed Slott / Money Talks News[/caption] Ed Slott is a nationally recognized IRA distribution expert, television personality, and best-selling author who has dedicated his life to educating Americans on the intricacies of IRAs.  He was named "The Best Source for IRA Advice" by The Wall Street Journal. Slott is the author of numerous highly acclaimed books, including his latest, "The New Retirement Savings Time Bomb" (Penguin Random House, 2021) and "Ed Slott's Retirement Decisions Guide: 2022 Edition" (IRAHelp, 2022). He has also hosted several public television programs, including his latest,  "Ed Slott's Retirement Freedom," and is a professor of practice at the American College of Financial Services. IRAhelp.com Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

No doubt you've imagined being financially independent: No job necessary, no money worries, no debt and plenty of savings. Of course, "financial freedom" means means different things to different people, but one thing's for sure: Not many of us are there yet. One recent survey found that only about 11% of Americans are living their definition of financial independence. But no matter what financial freedom means to you, there are some steps you can take to get there faster. And that's what we're going to talk about today's podcast. We're talking to Gigi Gonzalez, the author of the best-selling book Cultura & Cash. Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any money moves, do your own research and make your own decisions. You can listen with the player at the top of this article, or download the episode wherever you get your podcasts: Listen on Apple PodcastsListen on Google PodcastsListen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money. "Traditional" Personal Finance Advice Doesn't Work for EveryoneOur guest Gigi talks about how some of the personal finance advice that we typically receive doesn't always work for everyone. (Check out this article from Kiplinger on how budgeting advice is often flawed.)Some of the reasons that standard personal finance advice doesn't work for first-generation Americans have to do with some of the cultural norms surrounding money.Gigi gives the example of lending money to family (and friends). We're often told to "just say no" or help in other ways, but that might not be the norm, depending on your culture.We also assume that debt shouldn't be used to improve financial fortunes, but many people need some type of debt—especially student loan debt—to move into the next socioeconomic bracket.Yes, paying off high-interest debt should probably be a priority, but how you tackle it might look different.We go through ways that you can shift your mindset around money and look for creative ways to interact with money once you understand your money story and how it impacts you.Steps for Using Money Advice That Works for YouDon't forget that you can take some of the money advice you see and tweak it for your circumstances.Set money goals that work for you, by asking important financial questions that are relevant to your situation.Get away from the "supposed tos" and the prescriptive checklists. Not every frugal habit is worth it. Carefully consider which habits you want to change, and think about why you want to change those spending and money habits.Rules of thumb can be useful, but don't assume they're the answer to everything.Meet this week's guest, Gigi Gonzalez Giovanna "Gigi" Gonzalez is a TikTok influencer, financial educator, and author of the bestselling book Cultura and Cash. During The Great Resignation, she quit her 10-year corporate career to pursue her true passion: teaching financial literacy to young adults. Gigi teaches personal finance and career navigation for First Gen at various organizations and on her TikTok account. She was named 40 under 40 by the Hispanic Alliance for Career Enhancement, "Latinx to Watch" by Hispanic Executive Magazine and Top 25 Creator by Fast Company. WebsiteInstagramTikTok Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Editor's Note: This episode initially aired on July 20, 2022. It may contain some details that are out of date. According to one recent survey, only 4% of Americans have $1 million or more in retirement savings, which means 96% of us don't. Of course, depending on your situation, a million bucks may be overkill: Many people could fund their retirement years for a lot less. Still, it's a nice, round number, and one worth shooting for. Obviously, however, that's a lot of money. Is it even possible to get there? In a word, yes. And that's what we're going to talk about today: building a million-dollar nest egg, and just as important, how to figure out how much you're actually going to need. As usual, co-hosts Stacy Johnson and Miranda Marquit are joined by producer Aaron Freeman. This week's special guest is Roger Whitney, the Retirement Answer Man. Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions. You can download the episode wherever you get your podcasts: Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos. https://youtu.be/US5Vk5nThuI Is $1 million enough to retire on? It sounds like a lot of money, but is $1 million enough to retire on? What you really need to do is figure out how big your nest egg should be and go from there. Whether $1 million is enough depends on your own situation. Check out how long $1 million will last during retirement. Read our article on the retirement numbers you should know as you plan your golden years. Where does your retirement income come from, anyway? Check out our overview of where most retirees get their money. Find out where you fit in when it comes to your retirement savings, based on your age. Our guest has a great podcast episode on investment returns and inflation during retirement. Tips for building a $1 million nest egg Ready to build your wealth? We talk about ways you can get your nest egg to that elusive $1 million mark. We have an article on how to retire with at least $1 million in the bank. Before you assume the 4% rule is still good, check out our article on rethinking this popular retirement planning strategy. Don't let taxes drain your retirement. Read our retirement tax tips to help you keep more of your money. We've got some strategies that can boost your retirement savings by $1.7 million. Before you quit your job, read our article about how to protect your nest egg after you call it quits. Make the most of your retirement with our 65 tips for a healthy, wealthy and happy retirement. Meet this week's guest, Roger Whitney Roger has been a financial advisor for more than 25 years and is the host of the award-winning Retirement Answer Man podcast. He is on a mission to change the way the world thinks about retirement, one little conversation at a time. Roger established Rock Retirement Club in 2018 to help foster a safe online space for soon-to be retirees to learn, plan, and interact with other like-minded folks on the path to retirement. As if that's not enough to keep him busy, he is the author of "Rock Retirement: A Simple Guide to Help You Take Control and Be More Optimistic About the Future," a Forbes online contributor, creator of the Agile Financial Planning process, and past instructor of the Retirement Planning & Employee Benefits CFP certificate program at the University of Texas at Arlington and of Wealth Management at Texas Christian University. Investopedia has named him to the Top 100 Most Influential Advisors 2017-2021, and he has brought home Plutus Awards for Best Financial Planner Blog (2019) and Best Retirement Blog (2015 and 2017). Website Twitter Facebook YouTube LinkedIn Don't listen to podcasts? A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle. You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS. If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did! About the hosts Stacy Johnson founded Money Talks News in 1991. He's a CPA, and has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate. Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.Become a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.