The Value of a Financial Advisor
Hiring a financial advisor is a decision you want to make sure you get right. It can be difficult to know when to hire an advisor, or what to look for in a financial advisor. Our latest show, How and When to Hire a Financial Advisor!, is all about what you need to know when […]
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Why Financial Advice Changes Over Time
Our recent episode, Financial Advisors React to Old Advice, was all about old advice we’ve given on the show that’s either changed or evolved. Why does financial advice tend to evolve or change over time? If someone’s advice changes frequently, does that make it less reliable? People change, as does advice Just like people, financial […]
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Can Anyone Predict Recessions?
Nobody, it seems, is afraid to make predictions about the direction the economy is headed in. If you pay attention to the news, you’ll commonly see headlines like ‘It’s time to start talking about a US recession’, or ‘6 signs we’re closer to the next recession than you think’. “If it bleeds, it leads” is […]
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How to Negotiate With Car Dealers
Our latest show is all about how to purchase a car, either used or new. Some newer car manufacturers, like Tesla, make car-buying a straightforward and easy process. Everyone pays the same, there isn’t any room for negotiation, and you can buy directly from Tesla instead of going through a car dealer. For those of […]
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The Power of Mentoring
We mentioned briefly on our most recent show that it would be worthwhile to find a mentor in your 20s, and be a mentor in your 40s. What exactly does being a mentor or mentee look like, and why is it important? Typically we think of a mentor as someone older who helps guide and […]
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Why Is the Median Net Worth So Low?
In our latest show, “Average Net Worth By Age 2020”, we compared the median net worth to where you should be at. We used the Money Guy-adjusted Millionaire Next Door average accumulator of wealth formula and prodigious accumulator of wealth formula (boy, is that a mouthful) for the “where you should be” numbers. At every […]
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What You Need to Know About Charitable Giving
More than half of all Americans donate to charity each year, and the average amount donated is over $2,500. If you donate to charity throughout the year, you need to make sure you’re doing it in the most tax-efficient way possible. What do you need to know before you donate your money or clothes, furniture, […]
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How to Build Good Habits and Stick to Them
New habits are hard to make and old habits are hard to break. How can you make new habits more easily and stick to them? With the New Year right around the corner, many Americans are thinking about New Year’s resolutions. Breaking New Year’s resolutions has become an old joke at this point. Countless stand-up […]
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The Shopping Ninja’s Guide to Black Friday
Everyone’s favorite shopping holiday, Black Friday, is almost here. This week, millions of Americans will log on to Amazon, or stand in line at Walmart, to jump-start the holiday shopping season. Billions of dollars will be spent, but not every deal is worth taking advantage of. Here’s how to make sure you stay sharp in […]
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You Really Can Get Rich With a Low Income
Our most recent show was all about how to build wealth with a low-paying job. Of course, the lower your income the more difficult it is; the amount of money you make determines how much you can save every month. We discovered on the show that you don’t really need to save much to “get […]
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