Info

Better Money Decisions

You’ve probably started with great intentions, telling yourself you’ll stash away more for retirement and buy fewer lattes (because some writer said buying lattes is a bad thing). But life happens. It’s not as neat and tidy as the financial experts on TV seem to think. You’ve got a lot going on in your life, and you need more than simplistic, cookie-cutter instructions to keep you on the right financial path. Kate Stalter escorts you to the right path for your money. She talks to experts and "normal" people who have taken the right steps to make better money decisions.
RSS Feed
Better Money Decisions
2019
May
April
March
February
January


2018
December
November
October
September
August
July
June
April
March
February


2017
August
July
June
May
April
March
February
January


2015
December
November


Categories

All Episodes
Archives
Categories
Now displaying: Category: general
Jul 24, 2018

The industry around cannabis is growing rapidly and making monumental advancements. Many new products and technology have been developed that will not only benefit growers of cannabis, but will make a tremendous impact agriculturally. 

While the majority of this industry is still in the shadows, Debra Borchardt, the Co-founder and Editor of Green Market Report, is here to help those who are interested in cannabis stock investments. Tune into this episode of Better Money Decisions with your host, Kate Stalter to learn all aspects of cannabis investing, economics, and the opportunities for you to make stocks a part of your investment portfolio. 

 

Show Highlights:

  • The initial attraction to starting this business 
  • Penny stocks 
  • Stock promotion 
  • Listing requirements and IRS issues 
  • Canadian companies and US exchange 
  • 401K benefits and umbrella companies 
  • Challenges for individual or institutional investors 
  • Publicly traded stocks 
  • Legality of cannabis 
  • Advances and indoor growing 
  • Resurgence in depressed areas 
  • Ag-Tech being used in the future 
  • Getting started in investing 

 

Resources:

www.greenmarketreport.com 

Jul 19, 2018

There are many factors to consider when getting a divorce, but finances may be the most important issue to get properly resolved. There are misconceptions that people have when it comes to financial division in divorce, but Nancy Hetrick is here to invalidate those misunderstood views and inform you on how to reach the best overall solution for your divorce financially. Tune into this episode of Better Money Decisions with Kate Stalter to learn how you can come to the most suitable and beneficial financial solution in your divorce. 

 

Show Highlights:

 

  • CDFA growing in significance 
  • Creating a different process for people 
  • Optimizing property 
  • Determining whether alimony should be paid 
  • Deciding how to balance and adjust financially 
  • Having support needed when you’re emotionally overwhelmed 
  • Forgetting who the decision makers are 
  • Not being willing to compromise 
  • Limiting resources 
  • Giving up 
  • Betting the farm on a new relationship 
  • Wanting guarantees and certainty 
  • Helping people avoid litigation and the court process
  • Being hired as an advocate 
  • Forensics involved in finances 
  • Proportioning out growth in retirement assets 
  • Collaborative divorce 
  • IACP – working towards a settlement 

 

Resources: 

Smarter Divorce Solutions

Nancy’s book on Amazon

Nancy’s Contact Information:

877-552-4017

Nancy@smarterdivorcesolutions.com

Jul 17, 2018

Sustainable investing is becoming a revolution that many of us may not be well informed on. Learning to spend your money and profit only off companies that align with your morals is fulfilling and impactful. Cliff Feigenbaum is the founder of the Green Money Journal, and actively promotes sustainable investing. Tune into this episode of Better Money Decisions with your host, Kate Stalter to learn how to invest your money more sustainably and make a difference in your environment. 

 

Show Highlights:

 

  • Societal and Demographic changes that have influenced business 
  • Investing long term 
  • Personal accountability and transparency 
  • Solutions coming in and approaching sustainability 
  • Avoidance and community investing 
  • Share-holder activism 
  • Companies shifting to millennials and women 
  • Being an entrepreneur with pushback 
  • Getting influential people to contribute to your business 
  • Making healthier food affordable to more people 
  • Trends in impact investing 
  • Growth in financial planning 
  • Making a real impact 
  • Making new connections and covering new ground 
  • Concepts about money that everyone deals with 

 

Resources:

https://greenmoneyjournal.com/ 

Jul 12, 2018

A good financial advisor should be there to assist you in understanding your assets; frankly, that isn’t always the case. Many advisors take advantage of their clients and their lack of understanding. No one wants to be in this situation and facing uncertainty for their financial future. Tune into this episode of Better Money Decisions with Kate Stalter and Lorraine Ell to learn how to avoid a financial crisis and replenish your account. 

 

Show Highlights:

 

  • Not putting up with subpar financial advisors 
  • Horror stories of poor advisors 
  • Being ignorant and stuck in the past 
  • Finding new ways to help your clients 
  • Advisors taking advantage of unaware clients 
  • Advisors incentives and mutual funds 
  • Suitability Rules 
  • Working with someone you like but isn’t working in your best interest
  • Ways clients aren’t being served 
  • Women being discredited 
  • The downfall of handling your own finances 
  • Runaway inflation and bond portfolios 
  • Achieving the best outcome for retirement 

 

Resources:

Brokercheck.com 

Bettermoneydecions.com 

Wecanhelp@bettermoneydecisions.com 

844-507-0961

 

Bozos, Monsters and Whiz Bangs Financial Advisors ebook

 

https://bozosmonsterswhizbangs.com

Jun 25, 2018

Socially responsible investing is something we can all do without settling for a low return rate. There are many ways you can find companies that fit your personal values and positively impact the environment, along with other people’s lives. With the right research and assistance, you can learn how to find these companies without having to jeopardize your return. 

To learn how to invest ethically, sustainably, and support companies that aid foundations you care about, tune into this episode of Better Money Decisions with Kate Stalter. 

Show Highlights:

  • What socially responsible investing looks like 
  • Using your funds to make a positive impact on something that matters to you
  • Ethical Investing 
  • Looking into investment candidates 
  • Using governance to make investments 
  • Not sacrificing your return to invest responsibly 
  • Focusing deliberately on high returns and sustainability 
  • How investors can force companies to make changes 
  • Companies involved in other companies you don’t support 
  • Institutions, Foundations, and companies becoming more socially conscious 
  • Share Holder Activism 
  • Considering a fund’s investing style, expenses, and quality
  • Making sure you have the right elements in your portfolio

 

Resources:

Contact Information: 844-507-0961 Extension: 702

Kate@bettermoneydecisions.com

Kate's Article in Forbes Magazine  

Kate's Article in US News and World Report 

Jun 21, 2018

Purchasing a home is one of the most monumental investments an individual will ever make. Whether or not this investment will circulate revenue is always a risk, and sometimes it isn’t the smartest one. There are many factors to consider when investing and despite common belief, real estate may not always be your best answer. 

 

In this episode of Better Money Decisions, Aaron Hendon will discuss practical advice on passive income, investing in the stock market versus real estate, the value of buying over renting, and so much more valuable advice. Tune into this episode of Better Money Decisions with Kate Stalter to learn how to make better investments and avoid common mistakes. 

Show Highlights:

  • Mistakes people make when investing in real estate 
  • The risks of people in retirement having a mortgage payment
  • Investments that have a higher return than real estate 
  • Considering all of the factors that go into whether you should rent or buy 
  • Understanding circumstances along with numbers 
  • Why one size fits all is not applicable to every situation 
  • Evaluating performance before you select a realtor 
  • 7 questions you should ask a realtor 
  • Credentials for becoming a realtor 
  • Combining emotions with rational decisions 
  • Boomers taking care of aging parents 
  • Providing answers before a crisis occurs 
  • Getting people to acknowledge inevitable issues 
  • Being an advisor to clients 

Resources:

Shortchanged by Shortcuts Book

 

Jun 14, 2018

There are many possible challenges when it comes to retirement, especially for women. The list of factors to consider are endless; from health care to income, to estimated life expectancy, it can be difficult to calculate. If you would like to learn how to manage and organize a financial retirement plan tune into this episode of Better Money Decisions with Kate Stalter. 

 “Women need to set aside 20% more than men for health care.”Kate Stalter

Show Highlights:

  • Saving money for retirement as a woman 
  • The gap between men and women’s retirement income 
  • Women, money, power 
  • Paying the bills 
  • The purpose of being aware of finances, if your husband delegates the finances 
  • Health care and longer life expectancy 
  • A specialized approach to your personal situation 
  • Planning to make sure you don’t outlive your money 
  • Women working longer 
  • Financial wellness for life 

Resources:

www.bettermoneydecisions.com

 

 

 

 

 

Jun 12, 2018

Retirement is often something we don’t give much thought until it’s too late. There are many simple ways you can save to have money in the future, or to generate more income now. Marc Lichtenstein is a financial expert, the author of the book “You Don’t Have to Drive an Uber in Retirement”, and he has many easy tips that could help you start saving money now. Tune into this episode of Better Money Decisions with Kate Stalter to acquire quick and easily applicable tips to maintain your desired lifestyle. 

“Saving for retirement, unfortunately, slips through the cracks for most people.”

 

Show Highlights:

  • The Oxford Club 
  • Generating more income 
  • Complications with saving for retirement 
  • Making sure you get protected when you lend money 
  • Help savings accounts 
  • Cutting costs 
  • How to maintain your lifestyle 
  • Things people do to save that you shouldn’t do 
  • Why annuities may not be a good idea 
  • Reverse mortgages 

 

Resources:

Goodrx.com 

Oxfordclub.com 

Wealthyretirement.com 

Uberretirementbook.com 

NY Times Article

Apr 11, 2018

Today we're diving deep into the vault and airing this fantastic conversation with an amazing financial mind! He's and author, speaker, and financial advisor. He is Beau Henderson, and his book is The Rich Life: Ten Investments for True Wealth.

What You’ll Hear from Beau:

  • We must blend the principles of money and real-life into “Functional Financial Planning.”
  • “A Rich Life” boils down to what people value, connect to, and what “lights” them up.
  • Media that Beau uses most? Radio and Audible for reading books
  • About his decision points early in his life, Beau says, “I’m the poster child for learning lessons from messing up!”
  • Beau has a unique perspective of looking at life as a school curriculum that we have to repeat until we pass.
  • An attitude of gratitude!
  • “Life School”—how this realization hit Beau with a seven-figure debt!
  • Beau learned the priceless lessons of risk, relationships, partnerships, and survival.
  • “I was determined to learn the lesson and be better for it.”
  • Listen to hear about the turning point that brought him face to face with reality.
  • “Don’t pursue wealth, but view it as a tool to create a meaningful life.”
  • Beau’s focus is to build something that has a legacy to it.
  • He has a partnership with Junior Achievement in a financial literacy course for kids.
  • Today’s kids have less savings and more debt than their parents!
  • Experiential learning is necessary to be a good financial advisor.
  • Everyone should be talking about money!
  • “Being an ostrich with your head in the sand is a BAD financial plan!”
  • Get clarity and be honest about where you are with your money right now—KNOW YOUR NUMBERS!

Resources:

http://www.richlifeadvisors.com/

Get our free financial planning diagnostic by emailing us at wecanhelp@bettermoneydecisions.com

Mar 5, 2018

Today we're going to be talking about whether or not a Reverse Mortgage is a good idea. This is a topic that there's a whole lot of misinformation about, so Kate has a fantastic guest on the show, to give you the truth of it. Wade Pfau actually wrote a book about the topic, so listen in as he clarifies this for you today.

Wade, who's a Ph.D and a CFA, has been interviewed by Kate before, for US News and World Report. Wade is a Professor of Retirement Income in the PhD Program for Financial and Retirement Planning, at the American College of Financial Services, in Bryn Mawr,  Pennsylvania, where they offer a lot of great courses, in the Financial Services arena. Wade also serves as a Principal and Director of Retirement Research for McLean Asset Management and he hosts the Retirement Researcher website, as an educational resource for individuals and Financial Advisers. He also holds a Doctorate in Economics from Princeton and he frequently publishes in a number of Academic and Practitioner Research Journals. Listen in to get the truth about Reverse Mortgaging.

 

Show Highlights:

  • Wade discusses some of the more common misconceptions around the topic of Reverse Mortgages.
  • There used to be high costs involved in setting up Reverse Mortgages, but if you shop around a bit, you can find lower cost versions, now.
  • Wade talks about the risk of foreclosure, due to people not being able to keep up with the property taxes and the other costs of keeping the home.
  • Using a Reverse Mortgage, as it's been written about in the Journal Of Financial Planning, as part of a strategic and responsible Retirement Income Plan.
  • Wade gives a short tutorial on how a Reverse Mortgage works
  • A nice planning trick- If you open a Reverse Mortgage and don't borrow much from it right away, your line of credit grows instead of the loan balance. This can create a lot of options for you, for later on, in your retirement.
  • Wade discusses who the best (or the worst) candidates are, for a Reverse Mortgage.
  • Wade talks about the idea of getting people to think about incorporating this strategy with overall Retirement Planning.
  • Four general ways to manage a Sequence Of Returns Risk: 1) Spend conservatively. 2) Be very flexible with spending. 3) Eliminate volatility from the portfolio. 4) Have a buffer asset. 
  • How a Reverse Mortgage would fit for someone who's looking at self-financing a Long-Term Care Plan.
  • You have to be living in the home, to maintain a Reverse Mortgage.
  • Some of the 'big picture' things that you should be aware of, when considering a Reverse Mortgage.

 

Resources:

Wade's website: www.retirementresearcher.com 

 

 

Wade's book, Reverse Mortgages- How To Use Reverse Mortgages To Secure Your Retirement, is available from Amazon.

 

Feb 15, 2018

When couples think about building intimacy, investments and budgets rarely make it high on the priority list. Many partners dread financial talks for a number of reasons, but deep down I think most of us are afraid to get real about our financial situation. Whether you think money doesn’t belong in normal pillow talk, or are scared to admit your past spending mistakes, it is essential for the health of your relationship that you learn to grow in financial intimacy. 

 

My guest today is Jacquette Timmons, author of Financial Intimacy and expert on the subject of money and relationships. Jacquette’s interest in the subject began as a spark of curiosity. She started to notice certain patterns and biases women, in particular, were operating under in their relationships. She studied further and found that most women handle no finances for their household at all. Many couples do not even talk about money unless it has to do with a large transaction. Time and again, Jacquette observed tragic and difficult situations were made worse because one or more individuals in the pair were afraid to be intimate with their finances. This hardship is entirely preventable, and Jacquette is going to show us how it’s done. 

 

Like peeling back layers of an onion, Jacquette is going to reveal exactly why it is so hard for us to talk about money, and where most of our biases and insecurities lie. We will compare perspectives on finances from a woman’s perspective, as well as a man’s. She has excellent advice for singles who are not currently in a relationship, as well as couples who have been together for a long time. It is never too late to start building financial intimacy, and it is easier than you might think! 

 

More in this episode: 

  • Learn why Jacquette wrote her book, and the spark of curiosity regarding couples and intimacy. 
  • Couples are keeping financial information from one another, and that has to end! 
  • Based off of Jacquette’s field research, many women defer financial management to their husbands. 
  • We also need to be discussing our abilities to withstand financial stress. 
  • Never make assumptions about what others are thinking about money. 
  • There are gender biases about how we perceive money. 
  • Financial Intimacy advice for singles, long-time partners, and non-traditional couples. 

 

 

Resources

Financial Intimacy by Jacquette Timmons 

 

Feb 15, 2018

You’ve managed your debt, made a few investments, and acquired some assets. Now what? Do you know what to do to incorporate financial wellness into your entire life? How do you know if you are making the best decisions about your money? Welcome to the Better Money Decisions podcast, a place where you can take the steps you need to meet all of your financial goals. My name is Kate Stalter, and I am on a mission to help dispel some of the most prevalent money myths so that you can make informed decisions about your finances. 

 

This is not a show about getting out of debt or starting an online business for retirement. This program will be taking a close look at your existing finances in order to make them work for you. Whether you are already investing and want to expand your portfolio, or want to make the most out of your retirement fund, this is the place you want to be. You can trust that my perspective is in your best interest because I work for a Fee-Only Fiduciary. Better Money Decisions already works with clients all over the country, and in each case, your interests are first. Period. 

 

Today, let’s talk about what you can expect from the show, debunk a few money myths, and gain a little perspective on why we are even here in the first place. If you are ready for financial wellness, then you are ready for the Better Money Decisions Podcast! 

 

More in this episode: 

  • This is the show for people who are already saving and want to make the most out of their monetary investments. 
  • Don’t panic about the state of the stock market right now! 
  • How to know when it is time to sell. 
  • Why you can trust my financial perspective from a Fee-Only Fiduciary. 
  • A story of someone who freaked out in 2008, and why their advice simply wasn’t good. 
  • My own background as a financial journalist makes me aware of the money myths getting spread around. 
  • What to expect in the future of this podcast.
  • How to get our free gift to you! 

 

Better Money Decisions 

Free Portfolio Diagnostic

Wecanhelp@bettermoneydecisions.com 

(844)-507-0961

 

Aug 30, 2017

Today we have a really great guest for you on the show. He is Jeffrey Ingraham, Vice President of Consultant Relations and a Portfolio Strategist at  Manning and Napier. Today he talks about a really important topic for investors, one that a lot of people don't really think about- Small Cap Stocks. A stock is generally classified as small if it has market capitalisation between three hundred million and two billion. If you're wondering what market capitalisation is, it's really quite simple-  it's the number of shares outstanding in a stock, multiplied by the share price, so it's basically the value. Listen in to find out what Jeff has to tell you about Small Cap Stocks.

 

Jeff has a really deep knowledge about this particular asset class. He's written a blog post, called Three Reasons To Invest In International Small Cap Equities, where he has cited three reasons to do so and these are: historical outperformance, growth opportunities at attractive evaluations and portfolio diversification. Listen in now,  as Jeff discusses these three good reasons for investing in Small Cap Stocks.

 

Show highlights:

 

  • Jeff explains the value in diversification.
  • Jeff explains why US investors diversified to begin with, should consider investing in Small Caps, outside of the US.
  • Jeff's take on owning both US and international investments.
  • Jeff discusses International Small Caps- an asset class that a lot of US investors don't even realise exist.
  • The importance of understanding how asset classes interact with each other.
  • The reason that you don't get true diversification by investing in the larger companies which are located outside of the US, anymore.
  • How to retain the less correlated asset classes with better diversification potential, by investing in International Small Caps.
  • You may have to sometimes invest in things which are unfamiliar to you, in order to get some diversification.
  • Getting comfortable with the idea of the type of business that you're investing in, rather than the name.
  • The consistent historical outperformance of Small Caps.
  • Jeff explains why the Small Caps have consistently outperformed.
  • Jeff discusses the growth rates of emerging markets.
  • Spreading your risks vs picking your stocks, within an asset class.
  • Jeff explains why the valuations on some of the International Small Caps are attractive.

 

Link:

 

Jeff's website: www.manning-napier.com 

 

Aug 3, 2017

Kate starts out today, by answering a question from Lisa in Albuquerque, who asks: “Do I need an Estate Plan?” Kate explains that it's a no brainer to refer a client with $10,000,000 in assets to a good Estate Planner, however the majority of people just don't have that much in assets.  You need not despair though, as Kate points out  some simple steps that you can take:

 

  • Have you changed the beneficiary designations on your accounts? That really is important and it's something that many people omit to do, as their life situations change.
  • Another thing to think about is a Basic Estate Plan, for families with young children.
  • If you are a Boomer grandparent and there are minor children that you'd like to assist, a Basic Will and Power of Attorney documents, in case of an accident, or a severe health issue will really be a great idea.
  • People without children, who cannot decide who to name as their beneficiaries. You can name a Non-Profit as your beneficiary. Even some people with grown children do that at times.
  • How do you want to be remembered? Think about the legacy that you want to leave- that's really the bottom line here. 

If you want to discuss the emotional issues involved with any of this, Kate urges you to reach out to her, because this issue of Estate Planning raises so many emotions and  money is not a logical topic, even though we tend to think that it is. 

So, if you want any help with this Estate Planning process, call Better Money Decisions on 844 507 0961 (Extension 702 for Kate) or you can email Kate at: kate@bettermoneydecisions.com.

 

 

Today we're going to be talking about whether or not a Reverse Mortgage is a good idea. This is a topic that there's a whole lot of misinformation about, so Kate has a fantastic guest on the show, to give you the truth of it. Wade Pfau actually wrote a book about the topic, so listen in as he clarifies this for you today.

 

Wade, who's a Ph.D and a CFA, has been interviewed by Kate before, for US News and World Report. Wade is a Professor of Retirement Income in the PhD Program for Financial and Retirement Planning, at the American College of Financial Services, in Bryn Mawr,  Pennsylvania, where they offer a lot of great courses, in the Financial Services arena. Wade also serves as a Principal and Director of Retirement Research for McLean Asset Management and he hosts the Retirement Researcher website, as an educational resource for individuals and Financial Advisers. He also holds a Doctorate in Economics from Princeton and he frequently publishes in a number of Academic and Practitioner Research Journals. Listen in to get the truth about Reverse Mortgaging.

 

Show highlights:

 

  • Wade discusses some of the more common misconceptions around the topic of Reverse Mortgages.
  • There used to be high costs involved in setting up Reverse Mortgages, but if you shop around a bit, you can find lower cost versions, now.
  • Wade talks about the risk of foreclosure, due to people not being able to keep up with the property taxes and the other costs of keeping the home.
  • Using a Reverse Mortgage, as it's been written about in the Journal Of Financial Planning, as part of a strategic and responsible Retirement Income Plan.
  • Wade gives a short tutorial on how a Reverse Mortgage works
  • A nice planning trick- If you open a Reverse Mortgage and don't borrow much from it right away, your line of credit grows instead of the loan balance. This can create a lot of options for you, for later on, in your retirement.
  • Wade discusses who the best (or the worst) candidates are, for a Reverse Mortgage.
  • Wade talks about the idea of getting people to think about incorporating this strategy with overall Retirement Planning.
  • Four general ways to manage a Sequence Of Returns Risk: 1) Spend conservatively. 2) Be very flexible with spending. 3) Eliminate volatility from the portfolio. 4) Have a buffer asset. 
  • How a Reverse Mortgage would fit for someone who's looking at self-financing a Long Term Care Plan.
  • You have to be living in the home, to maintain a Reverse Mortgage.
  • Some of the 'big picture' things that you should be aware of, when considering a Reverse Mortgage.

 

Link:

 

Wade's website: www.retirementresearcher.com 

 

 

Wade's book, Reverse Mortgages- How To Use Reverse Mortgages To Secure Your Retirement, is available from Amazon.

 

Jul 13, 2017

In this episode, we are delighted to have on the show the very knowledgeable Jeff Hirsch. Jeff is one of the masterminds behind the Stock Traders Almanac, and will soon become a Research Consultant with Probabilities Fund Management. Probability—that’s the key for Jeff and his team. How can we begin to predict when to buy, sell, trade, and watch the market trends? The Stock Market ebbs and flows throughout the seasons (and throughout the day!) Using decades of data to back them up, the Stock Traders Almanac takes probabilities and turns them into strategies for your investments. 

 

Sit for a moment with Jeff today as he gives you unique insights on the Market itself, does a little forecasting for the year ahead, and summarizes the way the Almanac could be useful to you today. You do not want to miss out on this opportunity to learn from this pro. After all, it is in his DNA! 

 

Also in this episode: 

 

  • The 5 Disciplines of the Stock Traders Almanac.
  • Jeff talks Seasonality within the Stock Trade. 
  • Jeff’s journey to taking up the Family Business. 
  • An assessment of the first 5 months of the year. 
  • Election years and stock trends: how do the two relate? 
  • Looking ahead in 2017 toward market trends. 
  • Despite the influence of bots, the daily market still behaves like humans. 
  • Jeff describes the Switching Strategies and the scientific key to their success.
  • Tips and tricks for using the MACD
  • Bad good months, and good bad months. 

 

Links:

The Stock Traders Almanac 

https://www.stocktradersalmanac.com/

Link up with @almanactrader on Twitter 

 

Jul 6, 2017

Today's guest is Aaron Hendon, a Real Estate Agent from sunny Seattle, in Washington. Kate was really intrigued to talk to Aaron because he has such a good take on the mistakes that people tend to make and also some of the pitfalls when buying Real Estate. Aaron also assists Boomers and their aging parents to navigate some of those difficult Real Estate transitions- and this really is a big thing! Listen in to find out more about Aaron's holistic and rather contrarian approach to making this kind of investment.

 

Kate points out that people tend to think that once they're retired and no longer have a mortgage, they are free of housing costs. Yet, Kate and her colleagues have been finding more and more in their Financial Advisory Practice, that people, before having met them, purchased homes that were probably not great financial decisions. They often still have to pay really high mortgage costs, when nearing retirement age, which makes things difficult and can sometimes even mean that they could have to delay their retirement. They also sometimes see people, who are in their sixties, building their dream homes and that's often a tough thing to afford. Kate even has an eighty-year-old, who still has a mortgage - and there are more people out there, in similar situations. Listen in now, as Aaron shares some really great advice, to help people who are finding themselves in situations like these. 

 

Show Highlights:

 

  • Having a mortgage is potentially going to become a risky thing as retirees get even older still.
  • There are investments that give much higher returns than Real Estate.
  • The transactional costs alone, if you're not going to be in a house for five years, can keep you from getting a decent return on it.
  • That each individual has their unique situation to consider.
  • That what's best for you now, may not be best for you in ten year's time.
  • Some factors to consider when thinking of buying a house.
  • Sometimes, renting a house could be your best choice.
  • How Aaron, as a Realtor came to his contrarian viewpoint.
  • Aaron's book called Real Estate Blind Spots, that he's busy working on at the moment. It's about doing due diligence- to help you to make a rational choice when it comes to choosing a Realtor.
  • Aaron's pamphlet, with the seven questions that you should ask a Realtor, before employing them.
  • Realtors have to study for only ninety hours to qualify for licensing - and your house is the single most expensive thing that you own!
  • Buying a house is a deeply emotional experience.

Links:

Aaron's website- where you can download his book, get onto his mailing list, or contact him: www.dontgetfooledagainbook.com Anyone on the mailing list will automatically get a copy of Aaron's new book, Real Estate Blind Spots.

Jun 22, 2017

Today we're diving deep into the vault and airing this fantastic conversation with an amazing financial mind! He's and author, speaker, and financial advisor. He is Beau Henderson, and his book is The Rich Life: Ten Investments for True Wealth.

What You’ll Hear from Beau:

  • We must blend the principles of money and real-life into “Functional Financial Planning.”
  • “A Rich Life” boils down to what people value, connect to, and what “lights” them up.
  • Media that Beau uses most? Radio and Audible for reading books
  • About his decision points early in his life, Beau says, “I’m the poster child for learning lessons from messing up!”
  • Beau has a unique perspective of looking at life as a school curriculum that we have to repeat until we pass.
  • An attitude of gratitude!
  • “Life School”—how this realization hit Beau with a seven-figure debt!
  • Beau learned the priceless lessons of risk, relationships, partnerships, and survival.
  • “I was determined to learn the lesson and be better for it.”
  • Listen to hear about the turning point that brought him face to face with reality.
  • “Don’t pursue wealth, but view it as a tool to create a meaningful life.”
  • Beau’s focus is to build something that has a legacy to it.
  • He has a partnership with Junior Achievement in a financial literacy course for kids.
  • Today’s kids have less savings and more debt than their parents!
  • Experiential learning is necessary to be a good financial advisor.
  • Everyone should be talking about money!
  • “Being an ostrich with your head in the sand is a BAD financial plan!”
  • Get clarity and be honest about where you are with your money right now—KNOW YOUR NUMBERS!

Resources:

www.beauhenderson.com

Jun 15, 2017

Today's guest, Kirk DuPlessis of Option Alpha, explains some really difficult concepts in an easy way for you to understand. He also talks about Option alpha and what you can learn there, at absolutely no cost! Listen in and find out what Kirk has to share with you today! 

 

Kirk, who has a finance degree, started out working on Wall Street, as an Investment Banker. With the demanding hours, however,  he quickly realised that it wasn't for him. So he became a REIT Analyst for a short time, but he decided to leave, as he found he had no real passion for that either. Then, about eight years ago, he started trading for himself. He began sharing his journey online and started a Google Blog, where he posted his decisions, trades and thoughts. People started asking questions and so he began to put together some videos and courses. One thing lead to another and now he has a really nice community of people, who are both learning and educating. This is Option Alpha, which is really a platform to help to educate people. What makes them different, however, is that they don't charge for any of the education or the training. Listen in now, as Kirk explains all about how to be successful, with Options Trading.

 

Today, Kirk talks to Kate about:

 

  • Why there is no need for Option Alpha to charge anything for their education or training that they offer.
  • How they are monetizing Option Alpha.
  • His thoughts on people using Institutional Methods for trading. 
  • What Kirk really does, at Option Alpha.
  • What Warren Buffet does with Options Trading and Insurance in the US.
  • That Options Trading is very much like selling insurance. 
  • How you can control the risk, with Options Trading.
  • Why Options Trading is superior to buying stocks.
  • Some things that the newbie to Options Trading really needs to know.
  •  

Links:

 

Kirk's website: www.optionalpha.com

 

Jun 6, 2017

“Financial Success doesn’t start in your wallet.” These are Jacquette Timmons words of wisdom to anyone willing to make positive changes in how they think about money. In today’s market environment, it is more important than ever to have a healthy mindset about your choices regarding money, but sometimes it leaves you scratching your head. What does it take to feel confident about the money choices you are making? It seems the answers might lie in your behavior

Jacquette is a Financial Behaviorist, meaning she makes a point to study people’s behavior and the motivations behind it. Through speaking, writing, and creative approaches to coaching, Jacquette helps clients not just change their mindset about money, but their behaviors as well. To that end, she will show you not just how to manage your money, but manage your choices. 

 

Show Highlights:

 

  • Learn a Financial Behaviorist’s tools of the trade. 
  • See how the financial crisis of 1987 impacted Jacquette’s outlook on finances. 
  • Personal finance is a relatively new study. 
  • How an increase in understanding of human behavior has led to an increased understanding of personal finance. 
  • A discussion of the problems of the Law of Attraction. 
  • The need for a plan of action. 
  • How workshops and keynote speeches can pave the way to a new money mindset. 
  • How is personal finance like going to the doctor? 
  • Jacquette explains her coaching practice. 
  • Learn to challenge your behavioral biases. 

 

Books:

Finance for Normal People by Meir Statman 

Financial Intimacy by Jacquette Timmons 

 

Links:

Jacquette’s Website 

Twitter: @jacqmtimmons 

Sign up for the Financial Wheel: https://www.jacquettetimmons.com/wheel/

The Comfort Circle: https://www.jacquettetimmons.com/comfort-circle/

 

Kate‘s Article for US News and World Report:

http://money.usnews.com/money/personal-finance/mutual-funds/articles/2015/05/26/7-behavioral-biases-that-may-hurt-your-investments

 

May 11, 2017

Today's guest, Stephen Daney, has been helping people to manage their debt and also to manage some of their emotional issues around money, for a really long time. Kate points out that lately, there is more awareness about the effect that the way that people feel about money has on their financial behavior. Listen in today and find out more about how your thoughts and feelings impact on your financial decisions.

 

Stephen, who is also part of the team at Better Money Decisions, has a fascinating and a rather unusual background for a Financial Advisor. He started out living in a monastery, where money is not really dealt with at all. This lead him to think about the role and purpose of money in people's lives, so he started working with people who were having to borrow money at higher rates. Looking at their habits and money management practices, he began to formulate a way to inspire people to change the way they think about and manage money, as it all begins with a mindset and feelings. Stephen developed a systematic way to help people to understand those thoughts and feelings and to manage their money more effectively. His system eventually matured into what he now calls The Life Money Mastery Program. Listen in today and find out how you can change the way you think about your money and make better financial decisions.

 

Today, Stephen talks to Kate about:

 

  • The role of emotions when it comes to money decisions.
  • American people's attitudes towards people who have lots of money.
  • How people tend to judge themselves when they inherit money.
  • His Financial Biography and how that works.
  • How people often tend to have contradictory attitudes within themselves, about money.
  • Some of the things he brought from his Buddhist training to his financial practice.
  • Establishing good and simple money management and money counting practices.
  • The importance of establishing regular habits of attending to your finances.
  • Getting out of your mind- establishing your financial habits so that you no longer need to think or worry about them.
  • The importance of exploring the things that are important to you.
  • That many practices today don't really work because they tend to be rather shallow.
  • His really practical approach to finances.
  • Bringing people's awareness to a point where it's serving their greater life purpose and their greater life goals.
  • That he works with whichever value system is held by the person seeking his help. 
  • How people tend to get stuck in their belief system and that awareness can help them to overcome this.
  • How he helps people to stay on track, with their practices.
  • Old dynamics around finances that both women and men need to change in their lives.
  • How you can get started with  Stephen's The Life Money Mastery Program.

 

Links:

 

Stephen's website: www.lifemoneycentre.com

 

Stephen's email: stephen@bettermoneydecisions.com 

 

 

Resource: 

 

Book: Behavioural Finance by Meyer Stockman

 

Apr 18, 2017

Kim Laughton, is President of Schwab Charitable, a non-profit, donor-advised fund provider established with the support of Charles Schwab & Co., Inc. to make charitable giving simpler and more tax-efficient for clients. She is responsible for the general management of Schwab Charitable and the fulfillment of its charitable mission, setting strategy and priorities and ensuring all contractual obligations and goals are met. She’s here today to show us how to link your investment strategy with your tax strategy. Your investments can help reduce your tax bill in certain situations. You can even donate your required minimum IRA distribution. It’s Tax Day, so everyone is thinking about their taxes, but truthfully, thinking about taxes long before Tax Day will help you maximize your tax due.

Listen as Kim and Kate discuss:

  • Charitable giving is a very flexible way to reduce your taxes.
  • How donating appreciable investments can allow you to give 20% more than usual.
  • Only a qualified 501(c)3 can accept these sorts of charitable donations.
  • Donations made for a tax perspective can be made into a Donor Advised fund, and donations can be made later from the fund. It separates the tax decision from the giving decision.
  • What you need to pay attention to in any Individual Tax Reform Legislation
  • Now is the time to start looking at your tax situation longer term than just from one year to the next.
  • An accountant or investment advisor can help you plan your tax strategy.
  • Who is eligible for the $100K Required Minimum Distribution
  • The tax benefits and savings from donating your RMD to charity

 

www.schwabcharitable.org

 

Apr 5, 2017

Today, Kate and her guest talk about Social Security. For the last three years, Kate has been teaching people about Social Security with her seminars. This has been really important when considering that there is an endless supply of Baby Boomers out there, turning sixty two every month, who are interested in finding out more about the Social Security system.

 

When Kate started doing these seminars back in 2013 and she was looking for relevant information, one of the first books she read was Social Security Made Simple. On today's show, Kate talks to Mike Piper, the author of that book. Although Mike is a licensed CPA,  he's no longer in the CPA business, as these days, he is a full time author. Listen in today to find out more about the current Social Security system and how it could affect you.

 

Today, Mike talks to Kate about:

 

 

•How the significant tweaks to the Social Security system, late last year and early this year, have necessitated some re-writing of his book.

•Whether the claims that Social Security is going bankrupt and that it cannot pay out projected benefits is a legitimate cause for concern, or not.

•The kinds of mistakes that people tend to make, that ends up costing them a lot of money.

•That the appropriate time for people to apply for Social Security is not necessarily linked to their age at the time of their retirement .

•Whether there could be times when claiming Social Security benefits early could make some sense.

•Some restricted strategies that are still available to people who were born at certain times.

•An overview of the complicated situations that tend to affect people who work for certain Government entities, like the Windfall Elimination Provision and the GPO and why people really don't like this .

•The best course of action for people who are affected by these complicated situations.

•The Family Benefit Maximum- what it means and where it's applied.

•How people should go about looking into the Family Benefit Maximum if they think that it applies to them.

•Some of the tax issues that people tend to make mistakes about with Social Security.

 

Mike's Blog: ObliviousInvestor.com

 

Taxes Made Simple and all of Mike's other books are available on Amazon.

 

Mar 9, 2017

If you're pouring time and money into a business that's not generating a return and you would like to find out whether it's worth continuing, or if your business is just limping along and you're wondering whether to keep going or throw in the towel, listen in  to today's show and find out from someone who really knows.

 

Today's guest is Stacy Tuschl, an entrepreneur, Business Coach and author of the book Is Your Business Worth Saving. Stacy's book, which was launched in September, had thirteen thousand downloads in the first forty eight hours and also became a number one best seller. Listen in today and get some of the nuts and bolts education that you just don't get in Business School.

 

Today, Stacy and Kate discuss:

 

•The title of Stacy's book- why it works.

•What goes into the decision about whether to start your business in the first place.

•Stacy's practical advice about dealing with money in your business.

•Why hiring an expert can save you a lot.

•Some of the warning signs that your business may be in trouble.

•When it's a wise idea to throw in the towel and walk away.

•How to go about saving an ailing business.

•Dealing with psychological blocks in business.

•The main things that Stacy sees that get in the way of people having a successful business.

 

Links:

Stacy's website: www.stacytuschl.com

Stacy's Podcast: Business Rescue Roadmap

Stacy's Free Facebook Group: Level Up Your Tribe

 

Resources:

Books: Is Your Business Worth Saving by Stacy Tuschl

                               and

           Don't Let Your Money Kick The Bucket Before You Do by Kate Stalter

 

Mar 7, 2017

Today, Kate and her guest, Wendy J. Cook talk about evidence-based investing, something which is not very easy to understand. Wendy explains the need for investors to understand what passive, or evidence-based investing is and that typically, in the financial media, you will find that the magazines, TV channels and newsletters make their money by getting you to put your portfolio together in reaction to what's happening in the current news. She explains the necessity of ignoring this short term noise, which doesn't contribute to the long term returns.  She talks about some of the behavioral biases that control investors to make poor decisions and buy a random collection of what can best be described as ''stuff''.  

 

Kate points out that this is  neither an allocation, nor is it diversification- it's just a bunch of  ''stuff''. She explains that this would be  neither an effective nor an efficient way to manage your portfolio, as that is only a short term viewpoint, which makes people feel like they're doing something, yet it's just the illusion of a control bias. Wendy talks about this and she also clears up some of the jargon you might hear from the financial media. 

 

Wendy is the owner of Wendy J. Cook Communications, which provides writing and editing services  to evidence-based registered Investment Adviser Firms that construct client portfolios using funds from Dimensional Fund Advisers. This is exactly what is done at Kate's firm, Better Money Decisions- they use Dimensional Fund Advisers, as well as other, similarly structured solutions. Wendy was formerly the Director of Communications for Bam Advisor Services, Buckingham Asset Management. Listen in today and find out why your investment portfolio management should be based on the science of investing, rather than a reaction to current events.

 

Today, Wendy talks to Kate about:

 

•A simple definition of what evidence-based investing is.

•How having a plan when you start out can prevent you from buying just a whole lot of “stuff”.

•How she faces the challenge of breaking down the terms which refer to active vs passive investments.

•Why she would prefer to work with a professional financial advisor, even though she understands all the over-arching principals of investing.

•That the behavioral component is the most important thing.

•That the greed component is still evident to her today.

•How we, as a financial community, come up with what is and what is not supported by evidence.

•Five points from Larry Swedroe's new book, The Complete Guide To Factor Based Investing: 1) It has to be Persistent   2) It has to be Pervasive  3) It has to be Robust  4) It has to be Investable  5) It has to be Explainable 

•That it takes some training to understand the data in studies. (Kate points out that data is not opinion based.)

•There is no cohesive strategy coming through the media- they are usually working against the investor and the science of investing.

Links: 

 

Wendy's website: www.wendyjcook.com

Wendy on Twitter: @wendyjcook

 

For your questions about anything in the show, or otherwise, write to: askus@americatalksmoney.com

 

Resource: The Complete Guide To Factor Based Investing by Larry Swedroe

 

Mar 2, 2017

The question of whether or not to buy gold comes up a lot for Kate. She mentions that people often tend to think of gold as having special powers, due to the lack of correlation with the stock market. Kate understands the appeal as an alternative asset class, however, she does point out that the lack of correlation is often the wrong reason to buy gold. Also, she reminds you to be aware that talk radio shows are often sponsored by gold traders and gold companies. 

 

Today's guest is Peter Hug, a Gold Trader and expert commentator with Kitco. Today, Peter explains about the different types of gold investors. He also talks about rebalancing and about the times that gold is a poor investment. He gives the pros and cons of investing in it and explains that gold is merely an asset class, not a supernatural type of protection against inflation, the president, or anything else. He explains the importance of being prepared and understanding your reasons for investing in it and also understanding where gold fits into a diversified market. Listen in today and equip yourself to make the right choice, when making an investment.

 

Today Peter talks to Kate about:

 

•Himself, Kitco and what he does there.

•The idea of people using gold and precious metals as investments, in context with the other holdings in their portfolios.

•That the psychology of selling or adding  to a position on weakness is difficult for a lot of investors- yet you need to do it.

•The pros and cons for an investor to be using products like ETF, IAU or GLD.

•Some of the risks inherent with buying gold because people think that something is going to happen to make the gold price go up.

•Why he thinks that BREXIT won't be as bad as people think.

•His advice to investors with an allocated portfolio, looking at financial planning, about where to start researching whether or not to buy gold.

 

Links:

 

Peter's Blog: www.kitco.com 

 

Peter's email: phug@kitco.com

 

 

For your free portfolio risk assessment: askus@americatalksmoney.com

 

 

 

 

 

 

« Previous 1 2 3 4 Next »