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Play Episode Listen Later Mar 7, 2024 25:12

As much as any other threat, recognizing and avoiding scams has become a necessary skill for today's retirees to develop. Join us as we explore crucial steps you can take to safeguard your financial well-being against the growing tide of scams and identity theft. Learn from real-life stories and gain practical advice to keep your finances secure in this digital era, all from the perspective of a seasoned financial professional. Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Marc Killian 00:01 As much as any other threat recognizing and avoiding scams has become a necessary skill for today's retirees to develop. Join us this week on plan with the tax man as we explore some crucial steps to hopefully safeguard your financial well being against the growing tide of scams and identity theft. Look up in the sky. It's a bird. Announcer 2 00:21 It's a plane. No, it's the tax man. He may not be a superhero, but Tony Morrow has saved many retirement plans with his extreme knowledge of tax planning strategies. It's time for a plan with the tax man. Marc Killian 00:36 Hey, everybody, welcome into the podcast. It's playing with a tax man with Tony Morrow and myself here to talk about your financial fortress, practical strategies for retirees against scams and fraud. And for this month of March, I think Tony and I are going to kind of stay with tech as our theme. We're going to talk about some scams and stuff. This week, we're going to talk about some other technological, you know, retirement planning things on our next episode. So we're gonna kind of use that as our theme this month in March. What's going on my friend, how are you? Tony Mauro 01:03 I'm doing well. How Marc Killian 01:04 about you hanging in there? You and I were talking offline, as we got started that it's just you know, it's March already. And Tony Mauro 01:10 we're busy, busy, busy, busy. And I thought these two topics that we're going to talk about in these next couple episodes be? Yeah, like I said, very, very timely, it's tax season. There's Marc Killian 01:19 all kinds of things going on. Yes, sir. You're hear a lot from clients. So yeah, looking forward to sending information back and forth doing this, you know, the scammers they love to come out in force at different times of the year, certainly around Christmas, right. That's a good one springtime tax time, right? They tend to kind of come out there, oh, you, you know you, your tax bill is this or, you know, you owe this and use your tax, you know, return to pay for it, all these kinds of things. Right? always something going on. So let's jump in and talk about a few things. And, you know, I got this first a little news example here, Tony, that I wanted you to kind of listen to this and check this out. And then tell me things that you've seen similarly or heard, you know, within your own practice, right. So there was this news example, little synopsis here is the lady named Marjorie 77 years old, lost $660,000 to a Tech Support Scam, where the fraudsters posed as bank officials and somehow convinced her to wire her funds into crypto to protect her money from suppose a theft. Well, of course, they stole their money. Americans over 60 lost $3 billion last year in cyber fraud crazy, absolutely Tony Mauro 02:30 crazy. It really is. And I think to elaborate on it, you know, most of the time the seniors tend to be the bigger targets but it can happen to anybody. And with all this tech going on and really sitting behind computers and phones all day it comes at us and you know we were just talking about how busy we are and sometimes you you're busy and you're not paying attention and you just go with it and then some potentially could happen the worst case I've seen in our own practice is we had a an elderly lady several years back just that she just uh you know, annual tax climb but she came in and she had said that she had gotten calls from somebody saying that they needed money they were pretending to be somebody she knew and they wanted paid in some kind of visa gift cards. Yeah, she kept going Yeah, going to Walgreens and getting visa gift cards anyway, at the end of it all before she found this out she was out about $11,000 and this poor lady you know, didn't have much to begin with and just a sad case and that is what is going on leading to these huge numbers is stuff like that people are getting our clients are getting robo calls and scam calls from people pretending to be the IRS and the IRS comes out and says they never will call you exactly always a letter Yep. And you know don't fall for it but people people do sir you know and it's it's all over I just had a call actually wasn't a call was an email yesterday directly to me saying that the person's name and says I need access to my portal please help. I looked her up on our system. She's not even a client of ours. I you know, that's a scam email coming in? Oh, wow. directly to me. Yeah, as a business not just individuals, but businesses to businesses, we you know, we clients don't realize it, but how much we spend dollar wise, and, and also timewise and trying to protect their data, because it's all out on portals. Now, you know, all this tax data, we got to be very careful with and it's difficult. But I think from a large, big picture view, you've really got to pay attention to what you're reading. And we'll get to some some more examples here in a second, but it's terrible. And I think it's only gonna get worse because we are getting into a society where we're not even using real money a lot of times anymore, you know, it's all it's all transfers and EFTPS and credit cards. Marc Killian 04:53 Yeah, exactly. And that we're gonna Yeah, that's a great point because like with your credit card, or excuse me your gift card comment where Gotta run through some of this stuff, right? So let's go, let's kind of break some of these things down for folks and give some examples. We'll put a link into the show notes as well, that gives kind of more examples of some of the things from Thompson's routers, article from Thomson Reuters on there, that might give a few more ideas for people to look through as well. But, you know, so there's, we've, a lot of us have heard of phishing, right? We know about phishing emails. So there's phishing vishing. So that's phishing with a V. And smishing. This is hilarious how we make up these words, right? Yeah. But anyway, so let's, let's run through those three real fast. So phishing, of course, we just mentioned, you just talked about it yourself, emails and websites trying to steal your data. That's one, right. So be Be diligent there, I think we've gotten a lot better about those. But, you know, again, keep your head on the swivel, exactly, Tony Mauro 05:44 because I mean, emails are coming at us so fast, that again, a lot of times, we're not reading them, and we're just flying through them very easily to be deceived, I would definitely check out you know, the headers of your email, make sure it's coming from somewhere you kind of recognize that's, that's the big one. And even Marc Killian 06:02 with that, Tony, I would say be still be very careful, right? Because we're seeing these kinds of scams. We've talked about this a little while back, where, you know, you get an email from Amazon, for example, since it's so massive, and everyone uses it and says, there's a problem with your order, click here to sort it out, or we'll help you get it taken care of, don't do that. I don't care if it you know, if it says Amazon, and it looks like their logo and everything looks fantastic. Immediately just delete the email, and then log in to your personal web, you know, Amazon account, go on the web, whatever, you know, you go there versus a link, they provided you to go there, right. And that way, you're going directly to the horse's mouth to see if there's an issue nine times out of 10, there isn't one, it's just someone trying to scam you. So definitely be careful there. What's vishing, Tony, or Tony Mauro 06:48 visiting is if you actually get a call. And a lot of times these will come in through your cell phone, because everybody's using the cell phones, and they're trying to trick you into providing personal information. And they're very good at it, you know, and most of the time, I mean, the easiest way to do this is, if you don't recognize him, I would probably just hang up, it would be my best advice. If it's somebody you know, or somebody that really needed your personal information, they're either going to call back, or they're going to get it some other way. But this is where I think my dad's got a lot of these calls. He's a senior, he gets them at home a lot on his landline. And they're asking him for his information. They're pretending to be either a credit card company, or somebody soliciting and they're asking him for his course, they know his name, but they want his address. Sometimes they'll ask for credit card information. Some of them have even asked him for his social security number. Yeah. Obviously, you do not want to give that stuff out. No bank information, do not give that out nothing. And Marc Killian 07:42 they try some of that stuff to this is the IRS calling or that kind of stuff, right? And it's just that's not the case, right? They're gonna send you certain certified letters, they're gonna send you appropriate things of that nature. So smishing is also cell phones. This is just through text. And that's obviously the big one now too, right? Because it's like, again, it could even be the Amazon thing. There's a text from Amazon saying, there's a problem with your order, click this link to sort it out. You know, yeah, Tony Mauro 08:07 I just, I just had one of these yesterday, I pulled it up on my phone to for this call. It was from a person, I get a text that says, Hi, my dear friend, it's been a long time since I've heard from you. Have you been? I have no idea who this this number is. So I texted them back said who is this? And she said, It's Diana. And you saved my number. And I said, I think you have the wrong number. And then she started asking me questions about my personal information. And that's like, why do you need this? I was playing with her a little bit, and finally got her to just stop. But I think she was fishing for some personal information from me pretending to be an old friend. And oh, yeah. And that that's just a little bit too fishy, you know? Exactly. Marc Killian 08:49 No pun intended, right? Yeah. Tony Mauro 08:51 It's just so you gotta watch it because they will, you know, they will. I've seen clients bring stuff in with text, pretending to be credit card companies. Again, your your card has been declined at least call or at least provide information. Things like that. Haven't seen too many from the IRS, the IRS scammers usually call or send emails, but it's probably possible that they could start data again, the IRS doesn't text at all, they're very old fashioned with their communication. So you know, be be careful with that, too. So there's three three areas you got to be careful of. Yeah, exactly. They are just crazy. And what's at stake, right, Tony is obviously identity theft, financial loss, credit damage, motional stress, right? Marc Killian 09:31 So the obvious kinds of things. So let's provide a couple of examples here. And I said, um, as I mentioned, we'll put the link in here to the Thomson readers that give some more details on each of these. But let's run through kind of a few bullet points of the styles of scams that are going around government imposters big one right? Because people get immediately scared Oh crap, I gotta take care of this. It's the government you know, and often that's what they're they're preying on that and praying for you to also be like, just scared and immediately do Whatever, because you don't want to, you know, have some sort of government problem. Yeah, we Tony Mauro 10:03 haven't we have a commercial here, for example, from the Polk County Sheriff, saying that, you know, we will don't fall victim to scams that somebody calls you from the sheriff's office demanding money or you're going to jail, you know, that, that kind of thing. So they're, you know, they're, what do you want to call it? In an authority figure? Yeah. And that scares people, just like the government. And so they actually are taking their time and money to run commercials, because it's going on around here right now that people are getting scammed like that. And police would be another one, Marc Killian 10:35 I would say, yeah, right. We've seen those kinds of things to where if you don't pay this amount, sheriff's department's on his way out to lock your house to lock you out, you know, for some sort of, and that's like, that's all crap, right? Don't fall for that stuff. They do not do that you're going to certainly be properly notified through certified mail. You know, so don't fall for that governmental imposed imposters, sweepstakes. I don't know if I see these as much anymore. But certainly like, hey, you've won something kind of thing. Tony Mauro 10:59 I haven't seen a lot of people complaining about this. But you could see how this would work. I mean, you know, somebody calls says you want something and oh, by the way, give us all your information and your credit card to collect the prize or something you've already won, which should send up red flags right away. But again, people especially maybe the you know, the elderly, or people that are alone, a little little more craving for some contact, and conversation. So gotta be careful there as well. Marc Killian 11:25 Yeah. Computer Robo scams, you talked about that robo calls and phone scams, the robo calls. So this big one here, folks is and Tony, like, I know, you know this as well make sure that you don't say yes, you know, when you get these phone calls, where they're like, Hi, this is such and such, you know, blah, blah, blah, I'm having trouble hearing you. Can you hear me? And you go? Yes. And they record that? Yes. And now they plug that in to whatever automated thing where would you like to buy, you know, $5,000 worth of whatever. And they plug in your little voice saying yes. And therefore you're kind of screwed. So don't say yes, just say, I can hear you. Right or something like that. Tony Mauro 12:02 That's right. I, my brother, again, I've got so many examples of this. But it's a robo call kind of phone scam, where the scammers are recording people's voices. And then they're using AI to create that voice in a conversation. And my brother had an insured who called him up, because he's trying to get basically wanting to know if there's any insurance coverage for this. But the client received a call that he swore was his son, it was his exact voice and everything saying he had been picked up, he was in jail, and he needed him to wire him $5,000. And the other guy did it. And it was a scam. And the guy was trying to see if he could get some insurance coverage. But insurance company said no way. Yeah. But this guy, I mean, he's not elderly. He swore it was his son. Now, he left a voicemail. And then you know, the father panicked a little bit saying, Well, I can't call him he's in jail. I'm going to I'm going to wire this money right now. And he did. So that's a that's an extreme example, but it does happen. And with his AI, if they hear me talk a little bit, they probably can somehow, you know, clone my voice and make make words up for Marc Killian 13:15 Exactly. And that's kind of similar Tony to the grandparent scam, which is on my list. fairly similar. It's a loved one scam of some form, right? Where, to your point, you know, you get this message or an email saying, Hey, grandma, grandpa, it's, you know, Suzy, and they've got the information. And you know, I got in an accident, and I've got to pay $3,000 to for bail or you know, whatever. Right? Yeah. And people will jump to that. So don't do that. Don't worry about definitely don't go down that route. The computer tech support scams. We just talked about that for Lady Marjorie, who fell victim to that. Be very careful with tech support of any kind, they are hoping that seniors will be like, I don't understand this thing. So let me get some help. And again, don't go through any links or information that you've gotten via email or text. If you really are having a tech issue with your computer or a specific app or software. Go directly to that company for tech support. Don't go through a link that some you know that you especially unsolicited link, right. Unsolicited links. Yeah, yeah. Okay. To your point about the grandparent scam, I'll actually or to you, excuse me, you're talking about that person that was messaging you and acting like they knew you. That's a new one to a romance scam. Tony Mauro 14:28 Yeah, this very well. Could have been that, you know, I don't know, I didn't get that far with it. But yeah, you really don't know. You know, maybe they're trying to scam you. And again, with the ability of you think about it on the phones with a romance scam. What I'm thinking of is somebody send you maybe a provocative pic of whatever, and people are gonna say, Oh, well, you know, what's that? Let's take a look. And then all of a sudden you're in a conversation with somebody you don't even know. And you know, then all of a sudden you've given out some information you should know Marc Killian 14:56 while they're playing. They're playing on the fact that they're hoping that you're lonely especially Yeah, because they can find out if you're widowed or something like that, right? Yeah, single person. So So those are some examples. And we'll give a few more things telling you this so we won't get too too long in the episode. Let's go through kind of rapid fire or some ways to better recognize the signs of the scam. I'll start with a simple one age old thing that grandma taught us a long time ago, if it's too good to be true, probably is. Tony Mauro 15:21 Yeah. And I think another one I mean, I'll rapid fire the next one. You know, if you if you get links, and you start reading an email, you need to look at the link. I definitely wouldn't open attachments. That's a rule in business for us for sure. Eating on a personal pewter. That's how all this stuff creeps in. Marc Killian 15:39 Yep. So be very careful about that. Does it look suspicious? Yeah, exactly. Is it we mentioned it a second ago. Is it unsolicited? You know, is you're getting some random thing, asking you for personal information or to solidify something that you may or may not have done, and you don't recall it. If you've sent solicited, then that's a good sign. Yeah. Tony Mauro 15:59 I think another one with that is if you get an email, and it's the paragraphs don't make a lot of sense. Or wording. Oh, spelling error? Things like that. Yeah, definitely. Then look up top seat, you know, I Marc Killian 16:13 mean, who does that that's a great point. Another one. A lot of scams originate from overseas in different countries. And so therefore, their wording or their their English translation may not give me that click right. Right. Something looks off, you're thinking? Well, it to your point earlier about the pictures or something like that, you're thinking, well, this person looks, you know, or says they're from Florida, for example, right. But yet the wording in the language tells you that maybe they're not, you know, or something like that. So that's great point, actually, are they requesting a small amount of money in order for you to get a bigger amount of money? This one? I think most people are wise to this, Tony, it makes me think about the one from since of anyone around the 90s. Right that that prints in Nigeria that will give you $40 million? If you you know, that was so old, but there's still things going like that going around. Tony Mauro 16:59 They must on that. I don't see that very often anymore. But every once in a while I will. It's a must. Somebody must be doing that still. Exactly. Yeah. What else you got? Well, you know, one is, like I said before, you know, most legitimate companies aren't going to have you pay them in gift cards. Yeah. And so be very careful of that. Because just like my little story with my little tax client, I mean, that's almost for sure. A scam? Yeah. Just just don't do that. Marc Killian 17:28 Yep. Okay, so let's, let's beyond like spotting those red flags. Let's talk about some protections, we'll wrap it up with some protections here to avoid being a scam victim. Obviously, in today's day and age, we're all sick to death of passwords. I get it. But it is the world we live in. So create some strong, unique passwords. And for God's sakes, folks, if it's financially related, please change them regularly. Tony Mauro 17:51 Absolutely. I always encourage clients to get a password keeper that randomly generates passwords have different passwords for every site. Because if you have the keeper, you don't need to know that you just need to know your master. And, you know, I so many clients have the same password for every single site. We've all heard it. And then like you I hate them, too. I hate multifactor authentication, but it's the world we live in. And it'll certainly protect you a lot better than having, you know, your first and last name as your password. I mean, yeah, it doesn't take very long for hackers to break the hip stuff. Exactly. Marc Killian 18:26 And I get it. We all hate it at this point. But you got to do it, man, especially when it comes to your financial stuff, monitor your bank statements and credit card transactions regularly, folks, we can probably tie these two here together, Tony, turn on those fraud alerts, right with your credit cards. I mean, every time I make a transaction, it's annoying to get that extra message. But so what you know, hey, you charge $47 Well, if I know that I did it, then I ignore the email. But if I say I charge $47 And I don't recall doing it, it allows me to think well let me go dig into this. Tony Mauro 18:58 Yeah, I think if you don't have that on your credit cards with the tech that they have, and we'll offer you with that, that's just plain silly. And then I think we always tell our clients even personal clients, you need to be reconciling your bank statement and credit cards every month now many don't do it and that's when you're going to miss something that may be slipped through on that bank statement and you didn't know about because all you're doing is you know living off of the last ATM slip you got right you had this much money in your bank account. Yep. And that's how things go unnoticed in small amounts because the good the good ones with bank accounts they'll slip stuff in very small odd amounts so to hopefully go unnoticed yeah, great point Tony. Great point they're not big big dollar amounts and then next thing you know you've got 15 charges say from like a Google yeah of $12.50 over five months you know and that's how they do it and then once you catch on they Marc Killian 19:52 move to the next Yeah, for sure. I just got one myself from from there's a I know there's a gaming service. I know it's a legitimate service. called Twitch, but I've never used it and there's no teenagers in my house. And all of a sudden, I had three random twitch $7 Not a big deal, you know, but I'm like, well, that's not I didn't do that. So of course, I immediately talked to the credit card company, and they got it reversed. So somebody gets your information. And yeah, to your point, they're hoping you will just be like, Oh, $7 Oh, I don't remember what that was and move on. And then it's, it's a reoccurring monthly charge? Well, you got three of them now 21 bucks a month, every month? Hey, you know, that adds up. So and if they're doing that to 100 people, well, they're making bank. So you got let me ask you is as a tax professional and a financial professional, Tony, what do you think about, you know, retirees, pre retirees, or really anybody freezing their credit, especially like, if you're set as a retiree or a pre retiree, if you're over 50, there's a good chance that you're not planning on opening any new lines of credit soon? If that's the case, is it worthwhile to freeze your credit, Tony Mauro 20:52 I think depending on your situation, and the amount of money you have, I think it's, it's worth looking at, absolutely, because you're not gonna always unfreeze it, and you don't have any need to run out and get credit. And it's just gonna make make it that much harder for somebody to really get one over on you or, you know, get credit cards out there, it is a little bit more work to then go get some credit to unfreeze it. But again, you're not in any any real rush. So Marc Killian 21:20 I think they've made this technology better, too, right? I think you can go on to your, to these credit rating places and just put a hole, put a freeze on it. And that basically just means nothing new can be opened under your name until you unfreeze it. And I don't think the steps are all that complicated now. So no, not like they used to be Oh, yeah. For sure. You know, just a couple little really extra steps logging in and, and Firefox and freezing it. Yeah. Yeah. So it could be worthwhile. It's a great way to protect yourself. So last piece, we'll wrap it up. I know, we're getting a little long here, folks, but just some digital housekeeping real quick. Keep your anti virus software up to date. That's a good one. What else? Tony? Tony Mauro 21:57 I'd avoid using public Wi Fi, you know, especially definitely don't use it. And access to any type of bank info or any personal data. Yeah, you're gonna do that good point. Like, you probably Marc Killian 22:07 have a public Wi Fi there at the office, you know, many doctors offices, lawyers, offices, so on and so forth. Right? They offer public Wi Fi while you're waiting, especially doctor's offices, right? Because you're there hours or whatever. And you want to jump on your phone and do something, well, fine. If you're using that. But keep that real basic. If you're jumping on to check your Twitter or something fine. Maybe right. But certainly don't go check. Don't go checking your bank, don't go into your banking app while you're on unsecured public Wi Fi. That's a that's a no, no, let's not do that. No, no. And then finally, you know, you talked about passcodes. And then we talked about passwords, well, make sure that you've got something on your phone that way too, right. Don't use your address as your passcode. You know, some people like to use their fingerprint, and that's fine, you know, or that design thing where you got to draw some weird pattern to unlock your phone, but just consider having secure your phone lock it up to Tony Mauro 22:59 Yeah, even even now with the iPhone. The face ID is better than just know nothing at all. Yeah, the Marc Killian 23:06 things would still weirds me out, though, right? I don't know how I feel about that. It's like, Tony Mauro 23:12 I don't trust it. Marc Killian 23:12 I don't need it. And then you got my face too. But of course, I guess at this point, everybody's posted pictures of themselves on Facebook at some points or faces or everywhere anyway. Yeah, interesting stuff. But you know, there's that two factor stuff, too, right. A lot of companies now are almost forcing you to do that. Yeah. So we make them for our payroll clients, you know, to get into their portals, we Tony Mauro 23:32 have the two factor authentication. Yeah, for every every payroll, clients, employees, you know, and some employees really don't like it, but we tell them we're not shutting it off. Because if somebody gets in and changes your bank account information, you know, then that's going to be bad for you. And so it's for your own protection. So, Marc Killian 23:51 definitely, well, you know, final summary folks, you know, there's a lot of scams out there. If you do think you're a victim immediately start calling the companies you need to talk to if you're working with a financial professional like Tony, for example, reach out to them and let them know so they can immediately take steps if you feel like your information has been compromised, of whatever level and of course if it's egregious enough for your concern, call the police. Whatever the case is, but take steps to protect yourself so Hopefully, this helps you out a little bit here on this episode, the financial fortress and Tony anything else where we go Oh, that's Tony Mauro 24:22 it looking forward to next meeting. Marc Killian 24:25 Yeah, yeah, I mean, we're gonna keep continue on with the tech stuff here again, because it is that time of year, tax season is upon us and the scammers do come out and for So protect yourself out there, folks. And if you need some help reach out with Tony and his team at your planning proz.com You're planning proz.com Don't forget to subscribe to us on Apple, Google Spotify, and we'll see you next time here on plan with the taxman. Walter Storholt 24:52 Securities offered through a van tax investment services SM Member FINRA SIPC, investment advisory services offered Are through a VAT tax advisory services insurance services offered through an event tax affiliated Insurance Agency investment strategies discussed in this episode may not be suitable for all investors please consult with a financial professional

Are Your Good Money Habits Holding You Back? (Part 1)

Marketing 101 - BIG steps for small businesses

Play Episode Listen Later Jan 11, 2024 18:24

This episode might be a bit counterintuitive. We're going to question the real impact of common financial habits. Are the strategies you consider beneficial actually working in your favor? We explore the pros and cons of practices like ignoring account statements and strict budgeting. Join us for a practical discussion, as we uncover the unexpected effects of everyday money decisions. Are your good money habits holding you back? Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Marc Killian 00:00 This episode might be a bit counterintuitive, but we're going to question the real impact of common financial habits. Are your good money habits holding you back this week here on plan with the tax man? Look up in the sky. It's a bird. Tony Mauro 00:14 It's a plane. Announcer 2 00:16 No, it's the tax man. He may not be a superhero, but Tony Morrow has saved many retirement plans with his extreme knowledge of tax planning strategies. It's time for a plan with the tax man. Marc Killian 00:29 Hey, everybody, welcome to the podcast mark here with Tony once again to talk investing finance in retirement. And actually we're gonna do this over a two part episode. This week's and our next episode we're going to do are those good money habits you have holding you back and basically I've got some good money habits that if we're doing good things, hey, there's nothing wrong with that. But could there be a disadvantage? Or could we be maybe going a little too far in one direction and we want to make sure we have some balance in there so that's gonna be the topic of the conversation this week with Tony here on plant with the tax man, my friend what is going on? Welcome to the new year. This is we're taping this here in early January. So I know we've all gone through the New Year stuff but Happy New Year, my friend. Same to you. Tony Mauro 01:09 It's good to be back tax season will be here before we know it. And as we're taping this, we got a lot of snow coming down. Yeah, that's Marc Killian 01:16 what you're telling me. You're getting Blizzard Blizzard fi so yeah, and we're getting heavy, heavy winds and storms and possible tornadoes later. So it's, it's an interesting day for us to be talking. But that's alright. We'll get in there. We'll get in here. That's how that's how determined we are in to do a good podcast, right? Tony Mauro 01:31 That's right. Marc Killian 01:32 Ray. What are we like the the what is it? The Postal Service? We're rain or snow? Tony and I are doing a podcast? That's right. Or good stuff? Well, Tony, this is our 100th episode, by the way. So not only are we getting hit with storms, you and I in different kinds of storms in different locations, but we're celebrating our 100th episode. So kudos to you, my friend. I feel like we need a drink or something. Tony Mauro 01:56 We need a little celebration. As it seemed like it's been that long. Marc Killian 02:00 I know you guys need some balloons or some scotch and or drinks or something. I'll well we won't do that. We'll keep it straight. But you know, Anyway, congratulations, and thanks, folks, for hanging out with us here for you know, whatever episodes you happen to catch, and how long have you been watching or listening? Excuse me listening to us. We certainly appreciate you. And hopefully you'll enjoy this week's content. Well, let's get into these money habits. So Tony, I want to break this up. I've got 10 of them. Okay, I want to break it up over the next two episodes, we'll do five this week. And I'll kind of give you the good okay, I'll kind of set up the the main piece here and kind of give the good you know, way of thinking about the good habit. And then you kind of maybe give us the counterpoint as to some things to think about it to where we don't drifted into a bad habit. Does that make sense? Okay. Yeah. Okay. Sounds good. All right. So let's start with ignoring our account statements, easy to do, right? We get these statements, we get things all the time. And some folks, they just, you know, open the financial drawer and toss them in there. And I guess the good side of that would be like, it avoids overreacting to short term fluctuations, right? Because you're not looking at it. Right? So you don't have to get all upset every time you go, Oh, man, it's down a little bit. Right. But why might that be a Tony Mauro 03:08 bad idea? Well, it's, you know, it's sometimes a bad idea for a number of reasons. You know, one thing is, you may get into such a good habit, which you never look at them, and you really never know how you're doing. The other thing is, is, if there's some changes that have gone on in the account, maybe something that doesn't look right, you know, I hate to use the word fraud, but it's not, you know, it's possible in today's age, that that can be going on. There's other issues such as well, you know, you're gonna miss an opportunity maybe, to make any types of adjustments to the portfolio. So it's while it's a good idea, and I hear a lot of clients say that I don't like to look at my statement, especially if after I've watched the news, but I think you'd probably need to keep it on the good side, you need to review it at least once a quarter, you know, and not just throw them in and never review them at all, because I think you're doing yourself a disservice by doing that. And hopefully your advisor won't let you do that either. Or asking you for for a meeting every every so often. And worst case, they're going over it with you so you can at least understand what's happening. Marc Killian 04:10 Exactly right. I mean, it's they can get confusing, I get it, but we shouldn't just always throw that stuff in the junk drawer, the financial junk drawer and not look at it. Okay, keeping a strict budget. Okay, now, this sounds like a good habit to have, right? Certainly, it helps you ensured some discipline on your spending and your saving helps you achieve your financial goals. But strict budget Oh, be careful, right. So what's some bad things to think about here? But Tony Mauro 04:34 I think sometimes people that really love budgets, and frankly, you think an account like B would love budgets, I really don't. I don't I don't follow one I kind of do and I do in my own personal life, but I don't let it get to be too restrictive because obviously, you know, if it's too restrictive, it gets too stressful. Sure. You feel like you can't have any fun in life. And you know, I think you miss out on Some things so I'd say set a budget. Don't go overboard and feel like, you know, if you miss on some things, you really beat yourself up because it's, you know, it has to be a flexible. Marc Killian 05:10 Yeah, exactly. The flexible diets Exactly. Yeah, exactly. Here, we're in a new year, or you're probably on some sort of diet, maybe people are right, so five people, you know, and I think that's the key to like, we get emails all the time from people, they're like, you know, I just got to retirement. And I'm really like, or the fear of like, I've been saving and been really good about saving, now I have to pull money back out, and it stresses me out, right. So they're on a budget, and they kind of maybe, then they get a little too tight. But to your point, you've saved all this money to enjoy it. And retirement, having a strategy and a plan is going to help you especially laid out in black and white, it's going to help you feel good about actually pulling that money out and using it for things that you want to so Exactly, yeah. Okay. Number three, investing in familiar stocks, again, sounds like good and practice, right? So invest in what you know, has always been sage advice over the years. And it's certainly easier to understand, you know, things when you have a familiar arity to them. But you know, I mean, all you could just, I could just throw out the word Enron as a reason why it could be bad, right? So, you know, just don't want to go overboard. And in any one thing. Tony Mauro 06:14 Yeah. And with with your example, with Enron, for example, I mean, you what you really lack if you stick to just a few things, you know, then you lack diversification. And if any one of those particular securities in that case, you know, you mentioned Enron go bad, which went bad in a real bad way, big way, I should say. And, you know, that's really going to hurt your overall portfolio. So, you know, while you want to stick with, you don't want to get too into exotic investments and do that kind of thing. You want to work with your advisor, on diversifying your portfolio, not only for the number of types of securities, but also based on your risk, and also based on tax efficiency. So yeah, definitely. I think that that that particular one could go bad in a hurry, you Marc Killian 07:02 know, yeah, exactly. You know, and it's like, and sometimes Well, again, I'll use some examples where we get emails and Tony to the show into to your website, where people are, like, you know, hey, I was left some, you know, an inheritance when I was left some money from or less some stock from mom or dad, you know, and dad had, you know, stock X for 40 years. And you know, he really loved that, I really love them, I don't want to sell them. And yet, you're looking at it thinking this is probably not a good thing for you to hang on to, right. And that's why I'm not gonna pick any particular company. But again, you've got like this attachment to it. And it may not be the best thing for your financial situation. Tony Mauro 07:34 It really is. I just had a big accounting client that we do their monthly accounting for. And he's very reluctant. He's a young guy to get a 401k going for his business. And his biggest fear is that he watched his mom and dad, they worked for a company here locally, for almost all their lives. And they all of their investment, or their retirement savings was in that stock inside the 401. And it went under. Yeah, so he's very skittish of the market because of that. Yeah. Marc Killian 08:03 I mean, I understand that, but but he's the owner of this company. Right. So he's, he's a control versus his parents who work there and didn't have control. So didn't have control. But I mean, yeah, I Tony Mauro 08:13 mean, but the important thing is, I keep trying to tell him, as I tell most clients is, like you, we're going to, we're going to diversify, we're not just going to end up in one type of security here. Because that's recipe for potential disaster. Indeed, yeah. So I mean, again, you know, the Marc Killian 08:26 idea here, you know, there's, there's good habits, right, investing in familiar stocks can sound like a good habit, but you gotta be careful to not let it cloud you or restrict you, again, maybe a little too much. Number four, embracing automation. So you know, we're all probably AI to death. At this point. We're tired of hearing about AI at this point. It's everywhere, and everything and every marketing thing is seems like but automation does have some good points. And certainly investing and saving simple saving stuff, right? I mean, just you know, having your money come out of your check, go right to if you're still working as a pre retiree, going right into accounts, hey, that makes things easy ensures that timely bill payment, right? You don't to worry about extra fees, because you didn't pay the light bill on time, you know, or whatever. So there's certainly some good things to automation. But I would imagine the downside, it would be maybe disengagement told me where you're again, you're no longer paying attention, like you should be. Tony Mauro 09:19 It's that and then, you know, I think to effectively kind of ignoring technology and just refusing to maybe learn or embrace anything new. I mean, especially for retirees, my dad included, you know, he's now in his 80s he's getting like that where he don't and so I can make fun of him a little bit, but he, you know, technology, he refuses to kind of embrace it and learn it. And you know, with an AI, I think AI and all of this stuff is only going to get more and more in depth as we all age, but he's at a point where he feels like well, I don't want to learn anything new. I don't, I don't want to embrace that but then he ends up with things It's like he just had it where he accidentally turned on the. And this has nothing to do with finance. But he accidentally turned on the closed captioning on his TV and can't get it off. And nobody Marc Killian 10:10 might come to like it. I love it. I'm only 52. And I use it all the time. Tony Mauro 10:14 He likes it. So yeah, I mean, so he's mad about that. But again, he, he struggles with technology. But I think it's one thing to you know, especially as you get older, maybe you don't want to get too far into it. But I do think you need to keep up. Yeah. And at least tight, you know, don't ignore it completely. terms, and Marc Killian 10:31 I'm with you there my mom's 82. And she actually has, she actually has a pretty good grasp on some technology. And she does pretty well with it. But then at some other times, I'm like, you know, she'll ask me the same question like for the 30th time, and I'm like, How can you remember all this other stuff? If you can't remember this? I don't know. Yeah, at me alone? Tony Mauro 10:49 Well, right. But like my, my dad, you know, with in most advisory firms, and really, even if you're doing it on your own, you know, you're logging into a portal, you're looking at your account. If you can't do that, you know, yes, you will get a statement. But everything's going to online. And like said, You gotta at least be able to function and do some of that stuff. Marc Killian 11:12 Yeah, definitely. So I mean, again, automation can be really useful. So just make sure you're also not, you know, setting and I think think about like this too, right, Tony, the set it and forget it mentality that we talked about sort of with the statements can also kind of bite you here on the digital side, too. Right? You might set up your target date fund, for example, 15 years ago, or something like that. And you're like, it's gonna take care of it for me, and it kind of does. But could there be better options? Right? Could it be better things for you to be doing? So? Alright, and then also the fifth one here, we'll wrap it up this week, then we'll come back in a couple of weeks and do the other five of good money habits. So patients patients getting into the stock market? Well, no, scratch your head a little bit. Good. The good side? Well, I mean, that means I'm not making a mistake, I'm thinking things through, right. I mean, I'm not being irrational or anything like that, right. But you can also pretty obvious here, you can also just sit with your thumb in your ear forever and not do anything, right. You gotta be careful with your patients levels, Tony Mauro 12:09 as in the first thing that pops into my mind is the whole market timing. Yeah, and people that want to try that and think that they can out smart the market as a whole, it's impossible to do. And, you know, there's, you can just go out and Google things like now and you'll find the studies if you missed the best five days, 10 days in the market, or whatever, timeframe over the elbow, or whatever timeframe you want to use, and you'll see how low your returns are. And so you don't want to be too patient and try to be too picky. The best thing probably, is to dollar cost average and constantly be putting money in good times and bad into whatever you plan, I'd say the market but whatever, right? You are investing in, yep, to avoid that to avoid, you know, getting that emotion into it. And just, you know, make it a habit. A lot of times you can do it through your paychecks, we've talked about it before 401, KS, and that kind of thing. But that's really what you're forcing yourself to do is to not not get stuck in that rut, Marc Killian 13:11 L for sure. Because sometimes people will see these questions too, where it's like, hey, the markets kind of doing bad. I think I'm gonna pull back on my, you know, my contributions to right, you know, and it's like, but I'll pick it back up whenever things, you know, tip the other way. It's like, No, you're looking at that entirely wrong. Right? Yes. Yeah, it's dipping a little bit. And that's not the most pleasant thing, but you're getting it on the cheaper your dollar cost average. And so keep pumping it in. Right? Tony Mauro 13:34 It is it's funny that we have clients with their employees that do it in their 401 K's that will say that exact thing is, you know what, I'm gonna I'm gonna pull this back. Mark's not doing very well. So in other words, you're trying to time it because you think that because the markets down? Like you said, that's the exact worst time you want to do it. You want to be in there. What, Why, why you're where your money goes a little further. So we try to talk them out of it. Some of them do, some of them don't. And then the bad thing too, is sometimes people will forget to change it back. Exactly. Yeah. Contributing? Yep. Um, so that's a tough one to see. And I don't advise doing that. Yep, for sure. Do that people Marc Killian 14:09 do it? Yep. That's where, and that's where some of these good habits sometimes can, you know, best intentions, right. But they wind up kind of maybe backfiring a little bit too. So you always, you know, life is long. You know, life is designed to stay on the ball. You know, we can we can let things slide a little bit here. My wife and I were just laughing about when I had open heart surgery almost 11 years ago. Now. I had to go on this diet. And we're dieting right now in the new year, to your point a second ago in your tongue, being flexible. And it's like, you know, for you to just this diet we're on right now is actually working pretty well. And it's not too bad. And we're actually kind of doing all right with it's like, why didn't we do this versus that hardcore crashing? I had open heart surgery. So we went to the extreme level with some extreme diet, right? And it didn't stick and here we are 13 or excuse me 11 years later, you know, and starting all over again. And it's like it could have been As if we did just, you know, moderation if we would have gone with a reasonable diet versus some extreme thing. And I think that's what happens sometimes financially, we'd have some big a moment financially that happens to us. And we get a little extreme instead of being a little more prudent or being calculating with our moves. I suppose that makes sense. I think so. Yeah. Cool. Well, good. So that's open that translated? Tony Mauro 15:22 I mean, I think you're exactly right, that whole new year's resolutions and dieting and everything else people try. I mean, we could talk for an hour on just that kind of stuff not even related to 15:33 right. But it means thinking about your findings, or look at the market, for example. So in December, we'll wrap it up here with this, Tony, but in December, right, so you know, late in the fourth quarter, the Fed had their their meetings, right. And they talked about various different things. And they're like, Well, we're gonna not we didn't do anything, and then we're gonna see you, and we're gonna hit pause, and we're gonna wait. And then in December, they go, Oh, we're gonna cut rates probably in 2024. Well, the market loves that idea. Right. So the market got very excited as the year went on down, but then January started, and and some of the reasons why they started, I think, maybe, you know, the prognosticators or whatever, sort of looking at some of the reasons why the Fed was thinking about cutting rates. And then they went, Oh, well, maybe it's not that great, after all. So the markets been off to a rough, rocky, rocky start here, this first part of the year, you know, and I just was on a call yesterday, where, you know, basically, it's a market update from basically our advisory firm, you know, and they've been talking about this for a couple of months. But I think this goes back to our points about the, what they're calling The Magnificent Seven stocks of the s&p 500, that actually accounted for almost all of its gains in 2023. And you know, they were playing it well. But yeah, but if those weren't in there, then the gains would have only eroded or the return would only been X. And, you know, I'm sitting there thinking over these months, everybody interprets these numbers a little differently. You can you can slant them any way to make whatever you're talking about Tony Mauro 16:56 look good. And I think that back to our big point of people need to be investing regularly, in good times and bad because if you're trying to, you're trying to handpick, and again, market time and do everything else, you're gonna end up with not a lot of return, and definitely not going to meet your goals. Definitely, Marc Killian 17:15 definitely. So again, so good habits can be, you know, be very helpful, but they can lead us astray sometimes. So be careful with that. That's gonna wrap it up this week here on the podcast, we'll be back with the second half, and just a couple of weeks, so don't forget to subscribe to us here on playing with the tax man at your planning proz.com. That's you're planning proz.com. You can find a lot of tools, tips and resources at Tony's website. And of course, you can check him out on Apple, Google Spotify. I keep saying Google, but it's it's really YouTube now. So Apple, Spotify, and they've converted everything to YouTube. So either way, you can find all the information that you're planning. proz.com Tony, thanks for hanging out, my friend. I'll see you in a couple weeks. All right, we'll see you next time. We'll catch you next time right here on playing with a tax man with Tony Morrow. Walter Storholt 18:03 Securities offered through a van tax investment services SM Member FINRA SIPC investment advisory services offered through advanced tax advisory services insurance services offered through an event tax affiliated Insurance Agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.

101 News

Play Episode Listen Later Dec 21, 2023 6:34

Welcome to our all-new podcast within a podcast, ‘101 News' hosted by Ren from Marketing 101. This week's episode entails updates from the world of marketing, including:New updates from Instagram, TikTok and GoogleSpotify Wrapped - Personalised MarketingASDA's Christmas Campaign as our Meme of the WeekRen Slavin - Instagram: https://www.instagram.com/renslavin/ Ren Slavin - Linkedin; https://www.linkedin.com/in/ren-slavin-8aa39b168/ For the Marketing 101 blog; http://101blog.co.uk/Marketing 101 Agency; marketing-101.co.ukLinktree (social media etc.); https://linktr.ee/marketing.101

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Easy Wins in Personal Finance (Part 2)

news startups prime openai gericht verband flix signa startup welt google spotify

Play Episode Listen Later Dec 21, 2023 16:29

Welcome to part 2 of our discussion on easy wins in personal finance! It's important to eventually get a comprehensive financial plan for yourself, but sometimes even just a few minor adjustments in your portfolio can make a big difference. Let's discuss a few more easy places to start... Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Marc Killian 00:00 We're picking up with part two of easy wins and personal finance. With Tony Morrow this week, we're gonna pick up where we left off on our conversation for the prior podcast, going through 10 places where hopefully you can make some adjustments to get you into better shape. So that's the focus of the podcast this week here on playing with the tax man. Look up in the sky. It's a bird. Announcer 2 00:21 It's a plane. No, it's the tax man. He may not be a superhero. But Tony Morrow has saved many retirement plans with his extreme knowledge of tax planning strategies. It's time for a plan with the tax man. Marc Killian 00:36 Hey, everybody, welcome into the podcast, Tony and I wrapping up 2023. With our second half of the conversation on easy wins and personal finance. And Tony where you can you know, we're taping this, about two or three days before Christmas. I tried to finish up work this week before we all get out of here and and celebrate the holidays. But can you believe 23 is almost over crazy. Tony Mauro 00:58 I can't believe it. I know it seems like the older I get, the faster these years go by. And it's interesting, but I you know what, the older I get to though, the more I look forward to the holidays, and spending time with family. So hopefully, everybody can, you know, can relate to that get that done as well, as they can expose? Yeah, well, if Marc Killian 01:18 you're checking out the podcast, we're dropping this on Thursday, the 21st. So you got just a couple of holiday shopping days left. So hopefully, you've already got that stuff out of the way. And you don't have to run around like a crazy person. But if you do, be safe, and be sane, and all that good kind of stuff out there. And for now, just hang out with us and then listen to a couple more things here. So we're gonna go through six through 10. Tony, on our list of 10 things to work on. So let's let's pick it up with number six, which is certainly right in your wheelhouse. It's the tax efficiency of your investments. So not all investments are tax efficient, right. And so this could be a great place that you could do some tweaks and make some changes, working with your professional, your advisor to you know, really get some good wins. Tony Mauro 02:03 Yeah, and you know, this time a year, for us, you know, a lot of our clients are asking these these types of questions and tax efficiency. I mean, you know, they get a little confused when they hear it, whether it's, you know, on the news or wherever, and really, it comes down to, you know, being able to analyze what you have, and making sure that, you know, it's not causing you any ill effects tax wise. I mean, and there's a number of ways, you know, that we do that. I mean, for our clients, I mean, we have some, some software and some calculations and whatnot, but you know, you can run it with your advisor, or at least inquire but, you know, not all assets are basically equal in terms of the way that you know, that they're taxed, and how they're treated for taxes. I mean, a lot of times we think, you know, clients will ask us, Well, you know, I've got such and such stock, or sometimes even bonds, you know, that I can sell and take a loss on. But a lot of times, you know, we'll do some tax planning with clients, and then we'll get their statements. And all of a sudden, they'll have some kind of huge capital gain that they didn't tell us about maybe maybe not even unknown about you, and especially in funds. And so then that goes on their tax return, you know, and then all of a sudden, they have a higher tax bill. The other interesting culprits are high dividend paying stocks, which we advocate. And then also interest in bonds and or other types of investments. And those two things are treated differently for taxes. So you got to kind of watch out for that, because bonds and CDs and stuff like that are taxed at normal tax rates, and which is generally higher than stocks. So you've got to make that this this whole thing part of your plan. Like say, if nothing else for taxes. Yeah, Marc Killian 03:43 and exactly. And this is, I mean, I think outside of having the income plan so that you know how much you've got coming in, you know, each month in retirement, I think this is probably the number two spot, right? I mean, this is where you can truly make or break a strategy. So being tax efficient. And you know, you started out with saying people get a little confused here, and that's exactly why they should turn to professionals in this regard. Because if you've been DIY in it, right, you can, you can grow the wealth. We talked about that all the time, you can grow the wealth a lot easier. You know, certainly over the last number of years, it's a little easier to kind of build up money versus that preservation phase that distribution phase which is retirement and boy being tax efficient could make a big ol big ol swing there so it can over long periods of time especially Yeah. 2530 year retirement that's a long time so so tax efficiency number six number seven, check those beneficiary designations Now we talked about easy wins. So you might guess you could make the argument Mark taxes aren't that easy for me to fix? Okay, fine, fair. So we're cleaning that one up with number seven which is tax or check beneficiary designations. This is an easy win to anybody can get done and should do Tony this. This should not happen like those stories that just about every advisor has about someone getting remarried and then passing away and the ex spouse still being on some accounts on place. and they shouldn't happen, because it's just so easy. You can fix this stuff in like five minutes, you Tony Mauro 05:04 can, and this, to me needs to be part of everybody's, you know, annual, I guess, review slash plan wherever they do, you need to add this one because it is easy to fix. Now, obviously you got to know where what you have and where it's at. And then you've got to contact, you know, custodians and things like that to, you know, just to double check. It would behoove you, though, to make a list of everything you have, keep it on your own, right what your beneficiaries are, that's what I do. And then it's part of my review process just for my own self. And we do it for every client, as well as, here's the beneficiaries you had last year, anything changed anything, you know, that we need to add? Because, like you say, things do happen. And I think I might have mentioned this on the last show or a while back, I was just checking mine as part of this year, and I found one that I did not have, yeah, you did. Yes, son. Yeah, as a contingent beneficiary. So you know, I just missed it. And, you know, easy change took about 10 minutes did it right online, and fixed it. But if you don't do this bad things can happen. And some of the worst generally are what like, say when a spouse dies? Or a divorce? Yeah. And then it's just a real ugly legal mess. Marc Killian 06:15 So don't let that happen. Because this is this is an easy one. Yeah, for sure. Yeah, this one, the one, we don't spend much time on this, just get it done. If you've got a professional you're working with, just ring them up and say, Hey, I'm getting a divorce got a divorce, you're probably talking to them anyway, I need to make some changes, or you know, somebody's passed away, and you want to remove them or whatever the case is, just just take five minutes and do it. So Alright, number eight, rebalance the old portfolio. I feel like I should because it's Christmas time, I should say like rebalance ye portfolio. Yield portfolio. You know, rebalancing, I think some of us kind of feel like this happens automatically. And maybe, depending on how things are set up, it could, but you know, is it rebalancing the way that you really, truly need it to? And how easy is this to do? Tony? Like, I think in today's world, right, with so much stuff on these online portals, you probably can go rebalance some of this stuff yourself pretty easily. If you know what you're Tony Mauro 07:07 doing. Yeah, yeah, if you know what you're doing, you definitely can, you know, it's, it's wise to, you know, make sure that your your rebalance strategy fits your needs, rather than just a general, you know, 60% or 15%. Yeah, you know, in in each type of fund or investment, because what happens is, again, in the investment, world rebalancing, that's kind of some, some, maybe lingo that people don't understand, but what happens is, if you've got your money, you know, diversified in different types of sectors, or, you know, asset classes, some do very well and others don't. And so then you get out of balance, meaning that you might have too much in one sector or asset class, because it did so well. And you want to rebalance that. So in other words, you know, you've kind of taken advantage of, you know, the old, the real thing, you know, buying high and selling low is, you know, you want to rebalance and keep your same percentages, so that based on, you know, whatever your plan is, it doesn't get too out of whack, because we've had it too, or some people will come in they haven't rebalanced for years, and all of a sudden, they have much, much more exposure to, you know, higher risk type of operator investments. And, and they're nearing retirement. And so, you know, luckily, in the cases I've seen, nothing bad has happened, but it could before you get it rebalanced. Sure. Marc Killian 08:26 Yeah, definitely. So, again, get it done, you know, talk to your advisor, this is something that can be pretty quick. If you're using an online portal, you probably could go in there and make a couple changes and, or even just look at the automation is there to a lot of times, you know, there's I think there's like even checkboxes to automate for rebate is Yeah, yeah, Tony Mauro 08:43 a lot. A lot of portfolios now, especially if they're using individual fund managers will rebalance automatically. It's their job to go in and do it, you know, rather than having to have you worry about doing it. So if that's available, it's worth looking at. Okay. Marc Killian 08:56 All right. Number nine, are you under estimating your proper emergency fund? Now, when we did the one last time, right, we kind of framed the conversation on, the first one was keeping the right amount of cash. And we kind of talked about that from a standpoint of maybe being retired, right, just having some cash on hand, I think the emergency funds side of this conversation, you could kind of maybe make the argument that this is pretty similar. But let's talk about this one, if you're still working if you're a pre retiree, right, so understanding your proper emergency fund balance, if you're a pre retiree, in case you do lose your job, especially with a lot of the things that are happening here as the years winding down, you know, there's still a lot of talk that 2024 is gonna be a fairly rough year and businesses have been cutting, you know, cutting people already, right. So you want to make sure you got that emergency fund set, in case, you know, you got to float yourself for a couple of months. Tony Mauro 09:43 Yeah. And generally, in the financial planning realm, you know, the ego out and Google things and you're gonna get a lot of different answers, but kind of the standard is, you know, three to six months of your monthly living expenses, and that's a good start, but I Do you think you need to take it a step further as work with your advisor on truly what your, you know, lifestyle is and what your expenses are, because maybe you want to up that a little bit, maybe you've underestimated just how much that really is. So six months, you know, what you thought might have been doable might be Ooh, boy, you know, that's a lot to try to try to get to, I still think you should shoot for it. But like you say, in the corporate world, especially with with cuts and things like that you never know, when you could possibly be out of a job. And you know, how hard it is to find a new one. I mean, generally, these days everybody's looking for looking for employees, but that doesn't mean you know, you're going to just grab something real quick. And so I think it's a lot easier to, you know, to figure this out. And I, we asked everybody at tax time, even our retail tax clients, and very, very few even have one, number one, we talked about that last time, but once you have one, you gotta be able to fund it. And you gotta be able to adjust it as your as your lifestyle changes, Marc Killian 11:00 for sure. Yeah, I mean, think about the different lessons we've learned over over the last few years, right, with the COVID situation, people getting locked out of work and whatnot, you know, and having to have some money to float and get by. So if you're still working and getting good idea, rule of thumb, sure a three month thing is is a great place to start with the rule of thumb rule of thumb, but just also do some a little bit extra digging, just to make sure that that is the right amount for you. Like you said, you can shoot for six, that's even better. So yeah, absolutely. All right, final one here, number 10. automate your savings. We just talked about automation a little bit with the portfolio, but automating the savings, right? So an easy win to get yourself where you want to be. I just what was this I just saw something the other day, Tony, where somebody said, I am blown away by the fact that, you know that if I over the course of time, if I've saved like $100,000, you know, from from a long, long period of time starting younger, that it can easily turn into a million by the time I'm older due to compounding, right. And so it's the idea of, you know, consistently putting money away all through our life, for our retirement well on all these automated things we have now can really help that along as well. So if you're still working, pre retiree, or even some, you know, share this message in a lot of our audiences, you typically, you know, retirees and pre retirees but share it with your grandkids too, right? Hey, automate those savings, you're out in the workforce now, start automating this stuff, and you'd be surprised what happens when you get older. Tony Mauro 12:20 Yeah, it really is true. And with with today, especially with the technology to be able to do this fairly easily. And you're never gonna amazes me, you're never gonna never, never miss it, you got to learn to live without it. We're such a society, at least in America, you know, want want want everything. Right, that delayed satisfaction, I Marc Killian 12:40 just I that was almost like, Charlie is almost like Charlie Brown's teacher, right there, you see, wow, Tony Mauro 12:45 yeah, we just want want, and I'm reading a book, it has to do with physical activity and whatnot. But it's a great saying, and you can apply it here, really, to any of these, and that is that, you know, when you make hard choices, life becomes easy. When you make easy choices, life's can get very hard, which means, you know, in the text of, you know, you have to be able to do some of these things, which seem hard, they're really not, but it takes some discipline, it takes some delayed satisfaction, which is, you know, saving, number one is that, but automating it will help you learn to live without it. And, you know, you forget about it, you know, and then the next thing you know, you know, 3040 years go by, and all of a sudden life is easy for you. And whereas if you don't do this, and as you know, you know, most of us, you get your paycheck, you've got bills to pay, and then you pay your bills, and then you always pay yourself last. And that's exactly the wrong thing to do. This forces you to pay yourself first. And I can't stress that enough, whether it's through your paycheck with with your retirement plan, or even outside of that, it's pretty easy to set up any type of investment to just go into a bank account or savings and, or whatever you tell it to pull out, you know, and put it in the investment as you go. I mean, nobody's doing it for us, right. And it's right, very few of us have have those, those pension plans anymore, so it's up to us. So we've definitely got to try to take care of Marc Killian 14:12 And then wonder if you can automate this stuff, and like I said, you're never gonna see it, then great. And most again, most of you're still working 401 K plans and things of that nature. And you can certainly, obviously, automate this stuff. But you know, you can automate some additional savings too, especially if you're still working. And you feel like you're behind and we've talked many times about little things like the ketchup contributions and various different things. So you know, if you're in a position where you can put a little extra way, there's nothing wrong with feathering the nest for later on down the way right, Tony Mauro 14:39 that's right, especially just like the last one just talk about automate the emergency fund get it got a little money you know, going in every single month, and again, you won't miss it and then all of a sudden that's that's kind of on autopilot and hey, you know, before long then now you have what you need. Marc Killian 14:54 Exactly. That's a great point to automate that. That urgency fun, good stuff. All right. Well, Tony, thank you, my friend for hanging out with me. Thanks for hanging out with me all year long as we've gone through is hopefully hopefully shared right some useful nuggets of information. Yeah, the listeners. And of course if you haven't subscribed or you have and you know somebody else who might could benefit from you know the podcast and picking up some, you know some useful tidbits along the way, let them know that they can subscribe to plan with a tax man on Apple, Google Spotify and whatever platform you like using, just type that into the search box or have them go by and we'll give them this website right here. You're planning proz.com That's your planning proz.com where you can find a lot of good tools, tips and resources. Stop by there yourself if you're not already working with Tony and check out some things there. And don't forget to subscribe to us on the podcast as well. And that way you can catch future episodes as well as check out some past episodes and we'll be back with new episodes in 2024, which is really weird to say, Tony, Tony Mauro 15:52 I know Yeah, I'm looking forward to it and hopefully everybody else's to I've enjoyed the year and hope everybody has a great Christmas. Marc Killian 16:00 Yeah, indeed have a great holiday season all the way across the board. And Tony and I will be back in January here on a plan with the taxman. Walter Storholt 16:16 Securities offered through a van tax investment services SM Member FINRA SIPC investment advisory services offered through a van tax advisory services insurance services offered through an event tax affiliated Insurance Agency

covid-19 christmas america google apple diy cds personal finance yield charlie brown announcers insurance agency google spotify tony mauro

Flix • Signa Prime • Startup-Verband • OpenAI • neoom • Google • Spotify • Koa • Coachbetter • Scailyte

Startup Insider

Play Episode Listen Later Dec 11, 2023 13:52

Heute u.A. mit diesen Themen:Flix gewinnt vor Gericht gegen DBBericht: Signa Prime vor InsolvenzantragNeues Vorstandsteam beim Startup-VerbandGrößte Gründerfabriken in EuropaClimateTech-Investitionen stabilOpenAI: Kartellbehörde prüft Microsofts EinflussEntlassungen bei neoomGemini-Demo: Google gibt Inszenierung zuSpotify-CFO verlässt Unternehmen15 Millionen US-Dollar für KoaCoachbetter erweitert Seed-FinanzierungScailyte stockt Series-A-Runde auf

Weekly Update: ChatGPT Voice für alle

Digital Bash Podcast

Play Episode Listen Later Nov 24, 2023 6:01

Du kannst jetzt ganz einfach mit ChatGPT reden – auch wenn du nicht für Plus oder Enterprise zahlst. OpenAI hat inmitten einer aufregenden und wegweisenden Woche für das ganze Unternehmen, ja für die ganze Branche, für zahlreiche User ein hilfreiches Feature Update geliefert und ChatGPT Voice für alle zur Verfügung gestellt. In der App kannst du es direkt ausprobieren. In der neuesten Folge des Digital Bash Podcast Weekly Update erzählt dir OnlineMarketing.de-Redakteur Niklas Lewanczik mehr über die Rückkehr von Sam Altman und Greg Brockman, das Hin und Her um die Führungsetage des für die AI-Entwicklung so wichtigen Unternehmens und die Möglichkeiten, die ChatGPT, aber auch andere Player wie Anthropic und Stable Diffusion neuerdings bieten (ein neues Video-KI-Tool und eine optimierte Chatbot-Version sind mit dabei). Darüber hinaus geht Niklas auf einen großen Werbeboykott auf X ein (an dem auch Disney und Apple mitwirken), spricht über diverse Feature Updates auf Instagram, die Creatorn das Löschen von DMs und langfristige Anzeigen von Stories ermöglichen, und thematisiert aktuelle Prognosen, Zahlen und Einschätzungen zum Black Friday und zur Cyber Week. Zudem geht es um Snapchats werbefreie Experience und einen einst geheimen Deal zwischen Spotify und Google. Einige der wichtigsten Themen der Woche findest du hier:Prompte Rückkehr: Sam Altman und Greg Brockman wieder bei OpenAI ChatGPT Voice für alle Nutzer:innen verfügbarAI Feature Updates: Stable Video Diffusion und neue Claude-Variante als ChatGPT-KonkurrenzInstagram: Spam Follower herausfiltern und DMs löschenInstagram Stories für 7 Tage: My Week Feature im TestInstagram Reels in Stories im Vollbild – Anpassung durch FingerspitzenX: Darum stoppen Disney, Apple, IBM und Co. ihre Ads Black Friday 2023: Zahlen, Insights und PrognosenGeheimer Deal mit Google: Spotify umgeht Play Store-ProvisionVerpasse keine News aus der Online-Marketing-Welt und höre dir die Folge direkt an, um in unter 10 Minuten dein Update zu den wichtigsten Entwicklungen aus der Branche zu erhalten.Informiere dich auch über unseren Digital Bash und bleibe up to date, Tag für Tag.Das OnlineMarketing.de Team wünscht dir ein fantastisches Wochenende. Hosted on Acast. See acast.com/privacy for more information.

Retirement Planning's “Hidden” Questions

Play Episode Listen Later Oct 19, 2023 15:06

The retirement planning world is filled with plenty of advice and suggestions, but there are critical questions lurking in the shadows – the unasked, the overlooked. These are the questions that can help define the comfort and security of your retirement future. On this episode, we unearth and tackle these hidden, but essential questions about retirement. Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Marc Killian 00:36 Hey, everybody, welcome into the podcast. Thanks for tuning in once again with Tony and myself as we talk investing finance and retirement here on plan with the tax man and Tony is the tax man at tax Doctor Inc, serving folks all around the area. So if you've got some questions, got some concerns, need some help? When it comes to all things with your retirement reached out to Tony, who is a CPA CFP and an EA of 27 plus years experience and a great resource for you to tap into it. You're planning proz.com? That's your planning proz.com? Tony, my friend what's going on, buddy? How are you? Tony Mauro 01:08 I'm doing good. As we as we're taping this just kind of getting ready to wrap up the 2022 Filing Season, believe it or not so well upon the extension deadline. Marc Killian 01:17 That's, that's so wild that is that that late, you know. Yeah. But hopefully you didn't have to struggle to hopefully, hopefully anyway. Tony Mauro 01:25 Yeah, hopefully not. I mean, in, you know, a lot of people starting to think about, you know, you're in tax planning and next year. So this is a good, good time to talk about some of this stuff. Marc Killian 01:34 Yeah. And, you know, I've got, we're kind of called this hidden questions or overlooked. And I think a lot of these that we're going to go through a couple of them here, Tony, I think people probably we all know a lot of this, but I think what happens is, we often tend to get our focus in one or two areas, sometimes when it comes to retirement planning, or whatever the case might be, we tend to often focus, you know, really on like this larger item, and then some of these smaller ones, while we are aware, they maybe don't get the attention that they should unless, of course, you're working with a financial professional. So let's talk about them a little bit, and just discuss it obviously, you know, as a tax practice, as that's a huge part of what you guys do as well, you know, a question might be eventually, hopefully, people realize, hey, you know, in the end, what's these tax deferred savings accounts going to actually cost me in taxes? Because at some point, you know, again, if you think about focus, it's easy to go, Well, hey, let's kick that tax burden down the road. So I don't get to deal with it for a while, but eventually, a while shows up, right? Eventually, you got to pay the piper. So Tony Mauro 02:32 yeah, and, you know, this is the biggest question that we try to answer for people, and try to let them know that, you know, you have a partner it generally with with it with this handout, and I, you know, I we make fun of the government, because that's Uncle Sam, you know, so, you know, a lot of people don't realize that, you know, a part of this money you have, you have an IOU to the federal government. Well, in the States, maybe for that matter for Marc Killian 02:56 this training, you know, and I think, Tony, I think we realize it, right, I think we just forget it, because if you spend 20 or 30 years, punting, you know, the tax ball, then you kind of go all the sudden one day you go, Ah, crap, right? Yeah, I forgot about then, Tony Mauro 03:10 So what we try to do, though, is with our retirees, especially, is to let them know, if you do have tax money in tax deferred accounts, that there when you start pulling that money out, right, you know, some of it is going to be taxable. And what we try to work with them on is using other monies first, and then filling up the tax brackets that they're already in, and not jumping to the next one, because they've already got, you know, a tax issue. Let's not compound it and make it worse. And so I think that's important to work with your tax person or advisor, especially in retirement to make sure you're not just needlessly pulling money out. Yeah. So you can kind of control your tax bill a little bit, but there are, you know, for the younger people, the Roth and things like that Roth 401, K's where you're not going to have this issue, and so those will become attractive. But yeah, that's a whole nother conversation. Yeah, Marc Killian 03:58 for sure. And, you know, if we kind of set this framework around the hypothetical numbers, we'll just go with the easy million dollar math, you know, million dollars in a 401. K, and we can kind of use this for a couple of these questions here. Yeah, you know, you sit there and say, and I get it, it's sexy. It's like, who I'm a millionaire, I can't wait to say that, or whatever. And you're not to your point, because you're really more like a 700,000 year or so. Because, you know, you gotta give Uncle Sam bell 30%, you know, or roughly right, depending on every situation can be different. So you don't really have the million and that leads to my second question, which is, you know, how much can I withdrawal from my savings each year? And if we're using that same million dollar analogy, Tony, a lot of people, they they hear the 4% rule, they think, Hey, that's a good place to start the conversation. And it can be it's a good place to start the chat. But that's, you know, if you go with 4%, you're talking about 40 grand a year off the million but as we just said, you may not have a full million because you got to still pay the taxes because you've been deferring. So now you got what 700 grand that's what 28,000 A year right. So I mean, it just starts To change all the numbers, Tony Mauro 05:01 it does. And what we look at it when we're working with people is we either use the four, sometimes 5% rule, and just using the 40,000 a year because most people don't want to dip into their principal, they want to say, well, what can I earn? And, you know, if we if we get something conservative in urine and 4% of the 40? Well, we have to tell them again, you're not going to get 40, because we have to pay tax on that. And so it's going to be, you know, a little bit different. And that's when they get a little surprised. Like, what I didn't know that. And so we don't want what their first response is, is, like I said, they said, well, I'll just take out more say, Well, yeah, but then you're gonna have the next tax bracket potentially in kind of all kinds of issues. So it's important that where I think this is where the visor can really show their their value or worth is being able to work with this and keeping your taxes to a minimum. Marc Killian 05:51 Yeah, I mean, because think about, you know, the future you right. So we often, you know, with these first two categories, Tony, we were kind of punting or wondering what we're going to do later on, don't forget that later, you is standing down the road somewhere waving at you going, hey, don't forget about me, you know, we got to be efficient with not only our spending and our budgeting and things of that nature, I know, everybody hates the B word, but still just having some sort of a, an incoming out, you know, outflow kind of projection is certainly important. So those are the first two. Number three is the life insurance question, right? So again, maybe not necessarily hidden. But if we've been trained, just like we have with the tax deferred accounts, to have life insurance, when we're in our 30s, or 40s. And our kids are younger, and, you know, case, something happens, income replacement, send Tony Mauro 06:37 them to college, if I die, that kind of thing. We're trained on that we're also trained that, well, we probably don't need that when we're an older person, right, when we don't need it when we're over 70. But life insurance has changed so much that it could actually be a real swiss army knife for a lot of things. No, it could. And I think the question should be, you may not need the same type of insurance, that when you were young, but if you've got a policy that you know, you bought a long time ago, it's still viable, there may be some very useful uses for these policies. Because just because you have, like you said, everything paid off and kids out, you may still, like, in my own case, if my wife dies, you know, a big part of her retirement is IPERs. And which is a pension she can't outlive. But if she were to pre deceased me that I would get a payout on that. But that wouldn't really be enough to cover a lot of years in retirement for me. So for me life policy on her still makes sense. Even if she's retired, especially, you know, if I've got it, and it's doesn't cost a whole lot. Now, I think where people get a little confused is like, well, you know, I'm 65 years old or something, life's too expensive. It may be at that point. But we're talking more, you know, something you bought a while back. So I think in certain cases, again, another issue that you need to talk to your advisor about all of these, I think you should, but because it may not be Who've you just to cancel them all, especially depending on your situation. And then Marc Killian 08:05 of course, if you if you did cancel something because you just under that old school mindset, and then you do need it, it's harder to get it back. Because your order and back. I mean, the insurance, right, we're all one blood test away from being uninsurable. Right. Yeah, exactly. Depending on what could happen there. And so lots of different ways to consider and again, I think, again, life insurance could be a real utility, Swiss Army Knife kind of thing for folks. There's the death benefits. Sure, there's still the living benefits, there's income replacement. I mean, you might still need income replacement in your seven you might Yeah, you know, tax free retirement, just lots of different things to at least have the conversation on. For sure. So number four, medical coverage. So a kind of a hidden question or might be alright, again, maybe not hidden, but just kind of we well, I got Medicare so groovy. I don't do any anything over and above that, though, in the answer is probably right. You're probably gonna need something. District Medicare. Yeah. Tony Mauro 08:58 Yeah. I always tell clients Well, the short answer is yes. I said, but if you want to, don't want to take my word for it, let's the first time you're sick, wait till you get that bill, and watch what Medicare does not cover. So there's a lot of things. This is a whole profession. Now. I was gonna say to you and of itself. Yeah. Do you guys have somebody in house? Or do you refer people? A lot of advisors definitely suggest for folks to talk to Medicare specialists? Yes. I don't have anybody in house. I refer people out okay, to a local guy who's a Medicare specialist, you know, that can help them. Explain what Medicare covers and what it does and then all the different options they have because you can you can buy a lot of gap policies and supplements so that you can really feel good about okay, I'm pretty much covered for everything, but you obviously got to know the cost. Sure, because it does add up. Yeah, but yeah, I think Medicare for me, what I tell people is that's going to cover major things, and that's a good start. But, boy, if we're all living too long, we all hit you know, people start to get ailments. You're gonna We spend a lot of money quick on other types of medical care if you just have Medicare, so I strongly encourage them to visit with somebody. Marc Killian 10:08 And if you think about, really what retirement can entail nowadays, depending on you know, the walk of life you're in or where you find yourself, you know, you almost really do truly need a team or a group of folks. You know, you need that financial professional, you need that CPA right. Now, if you're lucky, you might have somebody who's a CPA and a CFP on one like, Tony, right, but you need that tax person, you need that planning person. Elder Law, probably some sort of attorney. Yeah, right. And then maybe a Medicare specialist. So it's almost like, you know, it's part of the basketball, no pun here. But I was like the dream team, right? You need three or four players to help you out. You're the fifth, you go, that was four different categories. And we're the fifth. So there you go. There's our dream team. That's our basketball team. Alright, number five, how much am I really paying in those fees? And commissions? This is the only one probably that is truly a hidden question on this, that I think we, you know, most people just don't even realize how much stuff is actually hidden in the fine print. Because Tony, many people will go, Oh, my guy or gal charges me 1%. Right. And they think that's the end of it. So Tony charges me 1%. That's all I'm paying. Yeah, but what do you have? And what do those products have inside them? Tony Mauro 11:19 That's right, because and we try to educate clients that Yeah, even though you're an advisor relationship with us, if we're managing assets for you, whether it's 1%, or three quarters of 1%, if you have funds or different things, outside of just plain old stocks, there are expenses inside those funds, you never see because they always, you know, basically take it off the return before anybody ever talks about returns. And so it's important to try to drill down and just make sure you understand, you know, all of the expenses you've got. And sometimes, you know, it's worth it. And sometimes it's not, we try to keep expenses low, because obviously at the end of the day, it cuts into your return, which means that, you know, less money for you. But at the same time, which I you know, I think we do a fairly good job of educating the client of, you know, nobody does anything for free, the mutual funds don't work for free, we don't work for free, right? Hopefully, you're getting some value out of this. But just so that they know, and the bad part is, is we have to re educate usually about every year, every other year, depending just to make sure that they haven't forgotten because they do they just they've completely started getting oblivious to it. Yeah, very true. Very true. But most of them, they always defer back and say, Well, you know, we just kind of hope you're gonna watch those fees for us, which we do. And we you know, but, you know, if you have concerns, I would definitely say, don't be afraid to ask your advisor, because if they're good, they're going to explain this to you and make sure that you understand how it works. Marc Killian 12:52 Yeah, and have a fee analysis done, right. Because, you know, sometimes people will have that they get that delusion in their head, or whatever you want to call it, that they're paying, you know, the 1%. And, but then, you know, alright, I've got this, you know, Product X, and it's paying me, you know, 5%, and I'm only paying 1% to my guy or gal, so cool, I'm making four. And then you want to do an n Fe analysis and looking at what's inside that product X that you've got, and maybe there's another percent or percent in a quarter in there. And so now you're only making you know, 2.75, right, or something like that. So it which may be fine, but it may drive the vehicle, but it may not either, right? So find out and have that conversation. So that's why these are five questions that can get a little hidden or overlooked. You know, sometimes they straight up high. And other times, it's just we take our focus off of it. We take our focus off of the you know, the the money we've been saving for retirement if it's all tax deferred, because we forget, after so many years of doing it that eventually we got to pay Uncle Sam, we know it, but yet we tend to you know, look away from it. So lots of these reasons why these hidden questions can come back to bite us. And that's why it's important to talk with a qualified Pro. Like Tony, if you're not already working with him, or if you are and you've got somebody who might benefit from the podcast and maybe having a conversation. Often financial advisors do complimentary reviews and consultations just to see if it's the right fit. So reach out to get on his calendar. Have a conversation if you're planning proz.com It's your planning proz.com. And don't forget to subscribe to the podcast, very simple. Just hit the heart or the Follow button depending on what app you're using. Plan with the tax man is the name of it on all the major platforms Apple, Google Spotify, type that into the search box or just find that at Tony's website. You're planning proz.com Tony, my friend thanks for hanging out and breaking some of these questions down for me. All right, we'll Tony Mauro 14:38 see you next time. Marc Killian 14:39 I always appreciate you I know we're getting into the end of October here. So have yourself a happy and safe Halloween. And we will see you next time here on plan with taxpayer. 14:53 Securities offered through a van tax investment services SM Member FINRA SIPC investment advisory serve Risk is offered through a VAT tax advisory services insurance services offered through an event tax affiliated Insurance Agency

Dissecting Dave Ramsey's Tik Tok Advice

spotify vision dogs telegram raining cats google spotify

Play Episode Listen Later Oct 5, 2023 15:38

Dave Ramsey is well known for his no-nonsense approach to personal finance, particularly in the areas of budgeting, debt management, and wealth-building. He has gained a significant following through various media platforms, including books, radio shows, podcasts, live events, and more recently, Tik Tok. Tune in as we peel back the layers of Dave's bite sized Tik Tok advice and share our thoughts beyond the clips. Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Marc Killian 0:01 Dave Ramsey is well known for his no nonsense approach to personal finance, particularly in the areas of budgeting, debt management and wealth building. He's gained a significant following through various media platforms with books and radio shows, podcasts, live events, and now tick tock So, this week on the podcast, we're gonna peel back the layers of Dave's bite sized nuggets of Tiktok advice and share Tony's thoughts on those here on plan with the tax man. Announcer 2 0:27 Look up in the sky. It's a bird. It's a plane. No, it's the tax man. He may not be a superhero, but Tony Morrow has saved many retirement plans with his extreme knowledge of tax planning strategies. It's time for a plan with the tax man. Marc Killian 0:44 Welcome into another edition of the podcast where we discuss a little Dave Ramsey advice this week with Tony Morrow once again here with us. Obviously Tony from tax Doctor Inc. and always chatting with us here on the podcast about getting to and through retirement. He's got 27 plus years in the industry. He's a CPA, a CFP and an EA. So certainly a great resource to tune into and talk with and so Tony with all that good stuff said I got to ask you first how you doing? And second, do I am I gonna see you on Tik Tok pretty soon or what we're going to catch Tony Mauro 1:14 up and doing good is rolling into fall. So that's good. And you know, I'm not a tick tock guy. Marc Killian 1:19 No, no tick tock dance craze for Tony and coming up saying no, no, Tony Mauro 1:23 no, I've looked at it a little bit. And I know that that's not for me. Yeah, I Marc Killian 1:28 mean, either, man. That sounds like either get it? I don't get it. But you know, Dave's got he does do a lot tour his some of his demographic definitely can be younger. So it certainly makes sense. Right? It does. Definitely runs on it. And I don't know, it seems a little too addictive for me. So I Yeah. Why should people make a fool of themselves? And I can do that, too. Yeah. The internet has definitely no shortage of places to watch people do goofy stuff on video. That is for sure. If you ever need if you ever need a laugh that can you can certainly get a laugh that way. But then you can also kind of go down that rabbit hole and go, Oh, my Lord, what have we turned into? Oh, yeah. So yeah, it's a very, it's a very slippery slope. But for fun today, on the podcast, let's talk a little bit about some of his advice. It's really more about the advice versus the tick tock, if not really be into the app or anything like that has nothing really to do with it. Just kind of more of a humorous anecdote to kind of bridge this gap. But it's really more than interesting advice that he has, some of these are pretty good. So I want to get your take on this. He said, Don't invest in anything, if you can't tell me how it works, and don't invest in something just because you're really excited about it. If it gets your pulse rate up, there's a chance you're getting conned. Yeah. Tony Mauro 2:37 And I think you know, all of these, we'll go through today, just a moment on Dave Ramsey himself. He, I generally agree with his general financial advice. And I mean, there's some things I don't agree with, and you know, type of thing. But overall, if you, in my opinion, follow some of his basic things, it's really going to at least set you on the on the stage to go down the right path, he's not going to give you specific advice. That's where I think you need an advisor to help you implement the plan. But anyway, back to topic. Number one, I do agree with him on this, because I generally, you know, if you have something you see, or someone you know, is trying to provide you with, generally it's an investment, and you don't understand it and you don't feel comfortable with it. Generally, my advice would be SCS, maybe back up a minute, maybe try to get some some additional info right info on it. Because in an ethic even Warren Buffett says that, you know, he doesn't invest in anything that he doesn't understand. I am sure. Peter Lynch used to say that and so really their their theme there is you want something that you can at least understand that a lot of people say, Well, I don't even understand how the stock market works. So are you saying never invest in the market? No. But you know, you can get some education, right? Simple. Yeah. And make sure your adviser is explaining, you know, what companies that you're in and or funds that you're in, right? Because you certainly don't want to have somebody come in and say, you know, something like, Well, I can make you X percentage, and we're going to do it safely in futures. And you know, that that's really not the case there. Yeah, Marc Killian 4:19 yeah. And so we tend to follow them that fear of missing out thing, right, we tend to fall for that, that moment, where people are like, it sounds really good. And I'm gonna be cautious, but boy, I don't want to miss out on that either. Right. So it's easy to kind of slide down that slope. Tony Mauro 4:34 Yes. I had a tax client several years back, he was very much into that fear of missing out and he he loved to, you know, just gather information that was coming in, whether it's from the internet, and he he spent a lot of money but is the culmination was as he went to some seminar. And these people, basically, I think, talked him into, you know, doing this options scheme. Yeah. You know, and they they said, if you do this, this is follow us, you know, you're gonna make a lot of money. And he ended up losing a lot of money on the out and, and it was 50 some at the time and he just it's like it was no talking him out of it. But I think that's one of those things where, you know, that allure of maybe the fast buck and and he didn't understand it and didn't understand the risks involved, which again, if you're going to do something like that, you need to talk to your advisor first, I guess. At the end of the day, that's what it comes down to. Marc Killian 5:31 Yep, for sure. All right. Well, that was the first one and I definitely agree with a lot that just be careful. Don't you know, I mean, obviously, crypto would be the one you could easily think about on that first quote, people were like, Oh, I don't want to miss out on and I want to be the crypto millionaire. And it's like, okay, well, then the next day your crypto ramen noodle eaten fool to right. So you're up down your UPS down, right? So just be careful. And yeah, to your point about Dave, just remember, he is a financial coach. I mean, he's got a great empire there. But he's not he's no longer if he ever was, I'm not sure. But an advisor or consultant, he's not really licensed that right now. Certifications are licensed at this point. He does not he might have at one point he might have. Yeah, I'm not sure. But I don't think he did. Yeah, he doesn't need to be licensed because he's not selling anything as far as mutual funds or insurance or, you know, securities, things of that nature. So just kind of bear that in mind. And I think a difference between someone like Dave, or even Suze Orman who may have been that way at one point as well, they no longer practice, right, they're no longer seeing clients on an active basis. So the advice can be very broad natured in general, where, you know, we're going to talk general nature and broad stuff here on the podcast. But then when you come in and sit down with Tony, that's when you're diving into the specifics, because again, you're active, right? You're doing this every day, taking care of your clients. You're a CFP, right, and a CPA, and an enrolled agent. So yeah, there's a little bit of a difference there, and how the messages could be perceived. So Tony Mauro 6:49 we, you know, fortunately, or unfortunately, have to follow some rules. And we have, you know, we have a fiduciary responsibility to put the client first we can a lot of trouble, you know, if we don't do that, and so we have to make sure we're covering all the bases where I think, you know, just general advice, which is really what we're doing here, but yeah, you know, doesn't have to kind of, you know, adhere to that kind Marc Killian 7:11 of, well, we always view the podcast is really a way to share some nuggets of information, but also personality that is you right, so that folks that are listening to maybe a currently our clients, they're, they're getting to kind of catch up on some things that, well, they don't have to always see you, right, they can tune in to the podcast and kind of just stay abreast of what's happening. It's a it's a great way to just kind of keep in touch with your clients outside of the normal review, but also for other potential folks who might, you know, benefit from the message or need to seek the advice of a professional in their area. That's the kind of the other reason of the podcast as well. So it kind of serves both purposes. But again, we do kind of keep the general information somewhat general until you sit down and really go through that planning process. But anyway, enough of that, let's go back into the Tick Tock here, I'm gonna go to the third 1x I'm gonna jump around in the interest of time, he says if you're not careful, you make short term decisions, which tend to keep you in the short term, if you make long term decisions, they can probably be well, they're almost always are painful now, but awesome later. So it's the concept, Tony of that delayed gratification. We're not good at that. Right? So for me, the first thing I think about here is clearly the traditional 401k we kick it down the road, so we don't have to deal with it. Right. But if you'd maybe look at maybe doing conversions or paying the taxes now. Yeah, it's painful, right? That's better because nobody wants to pay taxes. But it could be awesome later. Tony Mauro 8:32 Yeah, this one it's worded a little differently, but it's pretty much right out of his book, The Total Money Makeover, which and I still tell my son this is last words aren't you know, live like no other. So eventually, you can live like no other, which is this in a different way, basically saying, you know, put off some of the short term gratification, right for long term happiness. Marc Killian 8:53 Right, right. Tony Mauro 8:54 We as we as well, I can't speak for the whole world. But I think as as Americans for sure. Don't like, we want stuff to right gratification. And big picture. What he's saying is maybe you should think about your long term plan before you go out and blow $100,000 on a car, for example. Yeah, you know, that short term gratification. It's all cool and everything. But is that a wise move? But at same time, he talks a lot about, you know, don't don't plan so much for the future, that your whole life is miserable. It's moderation. We don't know you're gonna die. And yeah, and we don't want that either. So there's a happy medium in there. Exactly. He talks a lot about what you think Marc Killian 9:31 about our politicians. Great Ones. Yeah, I think about our politicians. We were just talking about that a little bit. Who is in our leaders? I think they're really guilty of this. They don't really look long term, right? They make so many short term decisions. They want to be knee jerk reactions, and then later on, they go well, we'll just deal with and figure it out later. Much like the situation right we were talking about. Yeah. So you know, there's there's got to be that happy medium. But I think in this context, like I said, I certainly took it as is the one for right now. What's going on is maybe it's a tax consequence. Maybe it's a tax situation, to take a look at for yourself and thinking, Okay, do I bite the tax bullet now and reap those rewards a little later on? Or do I keep deferring and kind of waiting, you know, to deal with that animal 30 years from now, you know, so, right. Lots of ways to go about Tony Mauro 10:17 it. I was just gonna say I think too with with us, we tend to try to get people to start at least thinking about putting some money away for retirement. Start small. It's a little pain. Let's Let's bite off a little bit bits of pain before you know and and get you used to it. Yeah, yeah. And then we can always increase. But yes, there's a little bit of sacrifice there. Yes. Marc Killian 10:37 Yes, sir. Indeed. All right. Well, let's do one more. And we'll wrap it up this week here. I love this one people that retire wealthy, it wasn't an accident. They didn't get to wealth, get to retirement and go, gee, hell that happened. Right? So unless you hit the lottery, or an inheritance from your Uncle Milton who left you $30 million, you had no idea about more than likely becoming wealthy in retirement did not just you didn't fall trip and fall into it. Right? Tony Mauro 11:03 That's right, I actually have a picture. In my home office, I have a lot of, I don't know, you know, just kind of pictures that depict, you know, good sayings. And one is got this is worn out guys at the top of this mountain, they it says the guy at the top of mountain just didn't fall there, you know, and he worked hard. And I think well, yeah, same thing. With you know, getting to your goals into retirement is it's a process, it's work at some sacrifice. And, you know, if, if you're one of those few that get lucky, great. But for most of us, that's not going to work. And so, you know, we've talked about it. A lot of times, you know, you have to have a plan. It's not fun at times, there's some sacrifice, but in the end, you're going to be very happy that you did it. I think Dave Ramsey talks a lot about that is trying to try to stay the course. Marc Killian 11:54 Yeah, yeah. And I think you know, that, to me, this also speaks to tried and true ways of going about it, Tony, right. So not trying to necessarily swing for the fences, not trying to jump into crypto, you know, back to that investments that you don't understand kind of thing, right? You know, making sure that it's fine to have some of that, but there's nothing also wrong with the things that the, you know, academics has proven to work for the last, you know, 100 years, there's some tried and true things that work, right. Tony Mauro 12:20 There is a fact, you know, going back to that I was gonna say, we were talking about the first topic, I actually had an accounting client today, email me, and he's a chiropractor. And he said, I've got people that want to pay me in Bitcoin. I don't know anything about it. Should I do it? And I told him, absolutely not. I said, you know, that's you don't know anything about it, it's hard to get your money out. It's not you know, I'm not saying bitcoin is bad, right. But you certainly don't want to take that as forms of payment, and when you need it for cash and your bills, I mean, so it's, you know, kind of what we talked about, you know, have a fear of missing out. I mean, it kind of wraps it all up, and he doesn't know anything about this. And Marc Killian 12:59 I mean, it's, I don't even know how to be awfully small fractions, I think, I mean, I go to a chiropractor, and it's not that much of a bill. I'm thinking man and one bitcoin is still what, six or 700 bucks or something like that, you know, so I don't know. Yeah, that would be I don't know, I mean, maybe like he could be sitting on a potential goldmine. Just gotta figure out how to actually work it. But But to your point, if you don't understand it, don't do it. Tony Mauro 13:21 You know, at least at least get yourself educated. So yeah, I think that it's all relative. And, you know, going back to our main, our main point here is a lot of what Ramsey talks about in his head talks about does make good financial sense. You know, you just got to take it to that next level, work with your advisor and implement, you know, what works for you. Marc Killian 13:40 Yeah, you know, it makes me think about that pizza story. Do you know that? You know, the Bitcoin pizza story from about, I don't know, 20 years ago, 13 years ago, something like that? No. So a guy named Laszlo I think something another paid another guy 10,000 bitcoins in 2010 for two Papa John pizzas to have delivered to his house, right? Because they didn't know what they had or what it was. So just think about that for a second 10,000 Bitcoin right? For two pizzas, you know what's its what's its price today at the time we're talking 25,980 Only that's all. So he paid 50 grand in today's dollars for two pizzas. fetus. Yeah, that's incredible. So you never because you don't know what's he didn't know what they had. Right? They didn't know what it didn't know what the deal was until 2010. So you just never know that I think that kind of wraps it up and illustrates our point of make sure you understand what it is that you're doing, what it why that you have, what you have, what it's doing for you what it's doing inside your retirement plan inside your portfolio, and get educated get some help plan with a tax man. That's why Tony is here. If you need some help reach out to him. You're planning proz.com That is your planning proz.com to speak with Tony Morrow at tax Doctor Inc. You can subscribe to the podcast on Apple, Google Spotify, which every platform you like using just type it into the search box, Oregon, stop by the website for all the information and details that you're planning. proz.com Tony, thanks for hanging out my friend. All right, we'll see you next time. Yes sir. And I look forward to seeing your next dance craze on Tik Tok. Yeah. We'll catch you later here on playing the tax man. Speaker 4 15:25 Securities offered through a van tax investment services SM Member FINRA SIPC investment advisory services offered through advanced tax advisory services insurance services offered through an event tax affiliated Insurance Agency Transcribed by https://otter.ai Disclaimer: Securities offered through Avantax Investment ServicesSM. Member FINRA, S.I.P.C. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated in

Stock Analysis: Domino's, Philips, 3M, Meta, Google, Spotify, and Crocs Stocks Explained

Market Mondays

Play Episode Listen Later Aug 4, 2023 16:12

Join us as we simplify and breakdown the complexities of stocks. In this episode, we delve into the performance and potential of Domino's Pizza, Philips, 3M, Meta, Google, Spotify, and Crocs. Whether you're a seasoned investor or just getting started, this analysis will give you a clearer understanding of these companies' stocks. Don't forget to like, share, and subscribe for more insightful stock market content. #StockAnalysis #InvestingMadeSimple #FinancialLiteracySupport this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

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Цукерберг і Vision Pro. Google кличе в офіс. Spotify покращили рекомендації? It's raining cats&dogs

MacPaw.Tech

Play Episode Listen Later Jul 4, 2023 52:47

Технологічний подкаст з колегами про роботу й новини Валерія Козаченко — https://instagram.com/lerok_._ Іван Тараненко — https://instagram.com/borodavanya Сергій Кривоблоцький — https://twitter.com/Krivoblotsky 00:00 Інтро 00:25 Вітаємось! 1:03 Айтівців назад до будівель? 25:32 Новий Spotify smart shuffle 36:56 Vision Pro девайс не для всіх TikTok: https://www.tiktok.com/@macpawtech Facebook: https://www.facebook.com/macpawtechtalks Telegram: https://t.me/mtechtalks

FOURTH OF JULY, BUSTA RYMES, 14 YR SET FREE

NY CERTIFIED w/ MRCAKEAVE

Play Episode Listen Later Jun 30, 2023 23:20

What's Popping NY! I'm your host MR CAKE AVE! We talk about breaking news, trending stories and hot topics! We are available on Apple podcast, Google & Spotify to name a few! There's so much to talk about this weekend so let's not waste any time. If you'd like to show make sure you tell your friends and share with everybody you know. We're always looking for contributors so hit me up @MRCAKEAVE ON Twitter new episode every week! Happy Fourth of July weekend to everyone. Have a holiday!

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Trump found liable, Santos Arraigned, Protest in Subway

NY CERTIFIED w/ MRCAKEAVE

Play Episode Listen Later May 11, 2023 25:15

What's Popping NY! It's MR CAKE AVE. Your host bringing you this weeks Breaking News, Hot topics & Trending stories! Former president Trump ordered to pay 5 million. & Rep. George Santos pleads not guilty at his arraignment. Protest in subway station lands 10 people arrested. Happy Mother's Day weekend to all the moms. Knicks stay in the series. 3-2 with game 6 tomorrow. Elon musk says there will be a new CEO at Twitter and so much more! Make sure to like subscribe & share! We are on Apple , Google & Spotify! @MRCAKEAVE on Twitter. For Comments , topics & questions

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41: Хто планує задачі на спринт?

Play Episode Listen Later Apr 8, 2023 26:23

Сьогодні в епізоді – як ми відмовилися від щотижневого планування і що прийшло замість нього.00:25 Новини Джина02:24 Апдейт щодо платної аналітики08:15 Апдейт по sourcing marketplace08:48 Планування на ДжиніПідписуйтесь на Startups are hard на Apple Podcasts, Google або Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

NY CERTIFIED w/ MRCAKEAVE

SEASON 6, TRUMP ARRAIGNED, SUMMERJAM, ROOKIE COP SHOT

Play Episode Listen Later Apr 6, 2023 27:34

What's Popping NY! It's ya host MR CAKE AVE with a brand new episode of NY CERTIFIED. I'm a Podcaster native to this huge city we call home!This weeks Breaking News, Trending stories & Hot Topics! This podcast is for everyone! It doesn't matter if you're new or a native to the city! We're always looking for contributors so send your comments, topics, questions to @MRCAKEAVE on Twitter! This week President Trump has his arraignment. Summer jam will now be in Queens June 4! Rookie cop was shot in Queens. This weekend we celebrate Easter and Good Friday. so many more stories and topics. Make sure you subscribe! Like & share! Thank you to all the new subscribers. This is a new season. We bringing new episodes! And new topics every week. Available on APPLE PODCAST, GOOGLE & SPOTIFY now #ADFREE .

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#40: Recruiting is broken

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Play Episode Listen Later Mar 19, 2023 23:33

Обговорюємо новини Джина, головну проблему рекрутинга та бізнес-ідею Льоші.00:00 Вступ і вітання00:16 Офсайт Льоші01:29 Новий лендінг без України03:12 Попрощалися з Farouk04:48 Чому Макс не може знайти бекендера06:07 Головна проблема рекрутинга11:22 Льоша пітчить Максу бізнес-ідею23:02 ПрощаємосяПідписуйтесь на Startups are hard на Apple Podcasts, Google або Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

Trump busted in yet another criminal probe!

#THATSWHATUP Show! ON THE CAMPAIGN TRAIL w#Trista4SenateGov&Prez! #comedy #music #politics

Play Episode Listen Later Jan 31, 2023 120:00

HOW TO FIX LAW ENFORCEMENT IN THIS COUNTRY: Fire half the police force! Replace them with mostly women and social workers! Get rid of quotas for tickets and taking people to jail everyday! DISMANTLE THE F** FOR-PROFIT PRISON INDUSTRY! Strike the slavery clause from the Constitution! Revisit all cases involving pot possession and let them free and explain the records immediately!!! Make counseling mandatory for officers, weekly! Fire any officers with record of abuse or ties to extremist groups! Currently there are lots of white supremacist terrorists in law enforcement! Abolish police unions- they make it impossible to fire bad apples! Insure police so if they abuse someone they lose their badge! Get rid of all the police officers 40% of cops have #DV charges and are abusing their families! Fire then and charge them and prosecute them for domestic violence! F* em! Why do they get special treatment, why are police officers allowed to carry out domestic violence on their own families? Without any accountability? Also get rid of qualified immunity and make stiffer penalties for fabricating evidence, which they f* do routinely!!!!! Get rid of the law that makes it legal for cops to lie to us!!! I am against entrapment, and to f* regulate not criminalize prostitution, because the cops are involved in the prostitution rings and drug trafficking and etc etc duhhhhhhh

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@Meidastouch live Trump is goin' to jail!

#THATSWHATUP Show! ON THE CAMPAIGN TRAIL w#Trista4SenateGov&Prez! #comedy #music #politics

Play Episode Listen Later Jan 31, 2023 59:59

#acapella @Beatles #BackintheUSSR #cover included !! F*** him! In prison LOL Christ our violence establishes that Trump has been getting preferential treatment by the judicial system so far! However, he is slammed again to his knees today with this awesome news of more criminal probes! LOL #arresttrumpnow #arresttrump

Mysterious death of Journalist Dorothy kilgalleñ & the JFK assassination!

#THATSWHATUP Show! ON THE CAMPAIGN TRAIL w#Trista4SenateGov&Prez! #comedy #music #politics

Play Episode Listen Later Jan 31, 2023 59:59

F*** him! In prison LOL Christ our violence establishes that Trump has been getting preferential treatment by the judicial system so far! However, he is slammed again to his knees today with this awesome news of more criminal probes! LOL #arresttrumpnow #arresttrump

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THE ANCIENT ONES- MIND-BLOWING NEW DOCU! & MARY TRUMP BEATS HER UNCLE'S A$$ IN COURT! LOL

#THATSWHATUP Show! ON THE CAMPAIGN TRAIL w#Trista4SenateGov&Prez! #comedy #music #politics

Play Episode Listen Later Jan 31, 2023 119:59

Trump gets sucker-punched by new Italian crime probe, AND

#THATSWHATUP Show! ON THE CAMPAIGN TRAIL w#Trista4SenateGov&Prez! #comedy #music #politics

Play Episode Listen Later Jan 31, 2023 120:00

Listening party! This is my first album, SATISFACTION GUARANTEED #TristaGenova

#THATSWHATUP Show! ON THE CAMPAIGN TRAIL w#Trista4SenateGov&Prez! #comedy #music #politics

Play Episode Listen Later Jan 30, 2023 59:59

If you like it share! Get me a deal with a record producer or record label offers welcome! You can send me message on Instagram #Tristaartista or is it #artistatrista I forget I'm releasing my first solo album, SATISFACTION GUARANTEED tonight on my Facebook page #MusicbyTHEETrista & Instagram - you can consider this a #virtual #listeningparty of sorts; I released this album on YouTube five years ago on New Year's Eve. I'd like to invite @EddieVedder @JohnMellencamp @JohnnyDepp Miley Cyrus @MattDamon LisamariepresleyRIP- & thank you, all the coolest people in #hollywood! for following me and my work! Perhaps you would dig my solo album

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"英格兰和更多摩洛哥奇迹的伤心 - 每天足球足球周刊系列聆听的更多方式苹果播客 Google播客 Spotify RSS订阅下载由Max Rushden与Barry Glendenning，Philippe Auclair，Lars Sivertsen和Barney Ronay合作。由乔尔

TheMummichogBlog - Malta In Italiano

Play Episode Listen Later Dec 12, 2022 5:19

"英格兰和更多摩洛哥奇迹的伤心 - 每天足球足球周刊系列聆听的更多方式苹果播客 Google播客 Spotify RSS订阅下载由Max Rushden与Barry Glendenning，Philippe Auclair，Lars Sivertsen和Barney Ronay合作。由乔尔·格罗夫（Joel Grove）和我们的前任制作" "-Start AD- #TheMummichogBlogoFmalta Amazon Top和Flash Deals（会员链接 - 如果您通过以下链接购买，您将支持我们的翻译）-https：//amzn.to/3feogyg 仅在一次搜索中比较所有顶级旅行网站，以在酒店库存的最佳酒店交易中找到世界上最佳酒店价格比较网站。（会员链接 - 如果您通过以下链接购买，您将支持我们的翻译）-https：//www.hotelscombined.com/?a_aid=20558 “因此，无论您希望别人对您做什么，也对他们做，因为这是法律和先知。”“ #Jesus #Catholic。 “从受孕的时刻，必须绝对尊重和保护人类的生活。从他生存的第一刻起，必须将一个人承认为拥有一个人的权利 - 其中每种无辜者都是无辜的权利。”天主教教堂的教理2270。堕胎杀死了两次。它杀死了婴儿的身体，并杀死了母亲的科学。堕胎是深刻的反妇女。它的受害者中有三个季节是女性：一半的婴儿和所有母亲。流畅的马耳他无线电是马耳他的第一号数字广播电台，演奏您的轻松最爱 - Smooth提供了“无混乱”的混音，吸引了35-59个核心观众，提供柔和的成人现代经典。我们操作一个流行曲目的播放列表，并定期更新。 https://smooth.com.mt/listen/ 关注电报：https：//t.me/themummichogblogdotcom Tumblr：https：//www.tumblr.com/themummichogblogofmalta blogspot：https：//themummichogblogofmalta.blogspot.com/ 论坛：https：//groups.google.com/g/themummichogblog Facebook：https：//www.facebook.com/groups/chinesecommunitymalta 结束广告---" "评估的制片人是丹妮尔·史蒂芬斯（Danielle Stephens）。 SAT 2022年12月10日23.35 GMTLAST在Sun上修改了2022年12月11日00.22 GMT Max Rushden与Barry Glendenning，Philippe Auclair和Lars Sivertsen一起加入，英格兰从卡塔尔鞠躬2022 如何收听播客：您需要知道的一切 00:00:00 00:54:12 评分，审查，在Apple播客，SoundCloud，AudioBoom，MixCloud，Acast和Stitcher上分享，并在Facebook，Twitter和电子邮件上加入对话。今天：英格兰的表现不错，但还不够好，因为他们输给了法国。哈里·凯恩（Harry Kane）有痛苦的人，他错过了第二次罚款，但是是否有充分的理由对未来充满希望 - 加雷斯·索斯盖特（Gareth Southgate）应该成为2024年带领英格兰的人吗？法国将在另一项艰苦的努力中看到阿特拉斯狮子成为有史以来第一个通过击败葡萄牙进入世界杯决赛的非洲第一方面，将在半决赛中与摩洛哥见面。另外：小组向美国记者格兰特·瓦尔（Grant Wahl）致敬，他在卡塔尔（Katar）报道世界杯时不幸去世。 https://www.theguardian.com/football/audio/2022/dec/10/heartbreak-for-for-gor-england-and-more-moroccan-miracles-football------------ "

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33: Вчуся делегувати задачі

startups scaling google spotify

Play Episode Listen Later Nov 18, 2022 21:09

Делегування це складно, але без цього дуже важко реагувати на рост бізнесу чи продукту – тебе не вистачає, ти втрачаєш увагу, важливі задачі перестають робитися (або не починаються).Порада “спочатку розібратися самому, делегувати потім” працює далеко не завжди. Кращий шлях – “look at what greatness is to calibrate”.Show notes:* Scaling by “delegation” isn't good enoughПідписуйтесь на Startups are hard на Apple Podcasts, Google або Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

32: From Zero to 5K in a Month

Play Episode Listen Later Nov 4, 2022 18:47

Продовжуємо пошук УТП Джина для international.Підписуйтесь на Startups are hard на Apple Podcasts, Google або Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

31: Tech lead vs PM

startups tech leads google spotify

Play Episode Listen Later Oct 28, 2022 20:25

Сьогодні на подкасті:* Жовтнева аналітика* Нові обмеження по відгукам* Хто має відповідати за розробку, ПМ чи техлід?Підписуйтесь на Startups are hard на Apple Podcasts, Google або Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

29: No code

startups no code google spotify

Play Episode Listen Later Oct 14, 2022 24:57

Чи потрібен no code, якщо у вас є програмісти?Також у подкасті:* Готуємо окремий епізод про фронтенд * Тормознули пошук бекенда* Плашка збільшує шанси на найм Підписуйтесь на Startups are hard на Apple Podcasts, Google або Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

27: Моя секретна зброя

Play Episode Listen Later Sep 29, 2022 14:00

В цьому епізоді:- Апдейт по техборгу- Підписали новий безліміт- Вебінари для international- Відповідь на питання про відповідальністьПідписуйтесь на Startups are hard на Apple Podcasts, Google або Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

#23: Технічний борг треба повертати

Play Episode Listen Later Aug 25, 2022 20:58

Що робити, коли технічний борг не дає швидко рухатися в продукті?Show notes:Вакансія аналітика в команду ДжинаРинок праці: стало гірше (Твіттер-тред)Технічний борг, епізод №16Підписуйтесь на Startups are hard на Apple Podcasts, Google або Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

22: Naming matters

naming gdpr google spotify

Play Episode Listen Later Aug 18, 2022 23:44

Звідки взялася назва Djinni і яке відношення до цього має AngelList.Новини:- Asdfasdfasdf розсилка і як це вплинуло на open rate- GDPR та боржники- Новий лендінг для international- Найдорожчий найм (бонус) в історії ДжинаShow notes:- My interview with Naval RavikantПідписуйтесь на Startups are hard на Apple Podcasts, Google та Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com

#21: Як Джин став безкоштовним

Play Episode Listen Later Aug 11, 2022 25:16

Шість (!) з топ-10 найдорожчих наймів липня були безкоштовні для Джина, тобто мо заробили на них $0 бонус. Як це трапилося? Це найбільша наша помилка чи uncanny good strategy? Розбираємось.Підписуйтесь на Startups are hard на Apple Podcasts, Google та Spotify. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit newsletter.maxua.com