What do I mean by ‘build wealth’ while you’re quarantined at home? Many businesses are closing for the foreseeable future. Schools are closing. Parents are learning to navigate working from home while keeping their kids occupied. Our routines are being ripped apart. We are living in unusual times. What was normal yesterday won’t be today. So what do we do? How do we manage this ‘free’ time at home? In this episode of Best in Wealth, I’ll share 3 ways—that aren’t what you think—you can build weal...
Mar 20, 2020•24 min•Ep. 140
The coronavirus is making waves around the world, inciting fear in its wake. But what will it’s true impact be on a global scale? Will it affect my investment portfolio? In this episode of Best in Wealth, my goal is to quell your fears. I’ll talk about recency bias, how past pandemics affected the stock market, and what to expect from the coronavirus. So what is the coronavirus? The official name is COVID-19 . According to the CDC , current symptoms include mild to severe respiratory illness wit...
Mar 06, 2020•20 min•Ep. 139
Podcast Intro: Do you want to finish your life well? Today in an All-Pro Dad group that I run at my kids' elementary school we talked about finishing well. I talked about trying your best but knowing you will make mistakes in any sport, instrument, or competition that you are involved in. The key is learning from the mistake and then forgetting about it so you can finish well. If you dwell on your mistakes you will not finish well. What about your life? How will you ensure that you will finish w...
Feb 21, 2020•24 min•Ep. 138
Listen to the podcast trailer to learn exactly what you're going to hear in the Best In Wealth podcast.
Feb 18, 2020•3 min
Podcast Intro: Scott starts the podcast by discussing the recent roller coaster ride that has happened in the global financial markets over the past couple of weeks and how the ups and downs can make many people feel out of control. Feeling out of control is often how people feel when they have a lot of debt. Scott mentions that he is teaching Dave Ramsey’s Financial Peace University (FPU) at his church and his job is to help motivate and provide encouragement to people that have a lot of debt s...
Feb 07, 2020•29 min•Ep. 137
Do you want to get a jump on the new retirement and tax opportunities provided by the 2019 Secure Act? In this episode, Scott explains some of the critical features of this new act and how we can use what we learn to plan our retirement and finances better. RETIREMENT PROVISIONS: Elimination of the stretch provision. Lifting the restriction on making contributions to a traditional Ira after age 70.5. Increase the time when you need to take RMDs from 70.5 to 72. Penalty-free $5000 out of IRA for ...
Jan 24, 2020•26 min•Ep. 136
Let's review the 2019 market returns and then learn from it so we can crush 2020 and beyond.
Jan 10, 2020•32 min•Ep. 135
Did you set your 2020 goals? What is your process for setting goals? In today's episode Scott is going to show you how to set and crush your 2020 goals and be the family steward you always wanted to be.
Jan 04, 2020•22 min•Ep. 134
A Recession is coming! Find out why a recession is coming and protect yourself with Scott's eight-point plan.
Nov 09, 2019•22 min•Ep. 133
The theoretical support for value investing is longstanding—paying a lower price means a higher expected return. However, realized returns are volatile. A 10-year negative premium, while not expected, is not unusual. But history also tells us that changing course after a disappointing spell for known premiums can lead to missed opportunities. When those drivers of outperformance have turned around in the past, steadfast investors have been rewarded. A key to successful long-term investing is sti...
Oct 25, 2019•19 min•Ep. 132
CLICK Here to Read 3rd Quarter 2019 Stock Market Re
Oct 11, 2019•20 min•Ep. 131
Do you have adult children? What do they actually know about money? There is ONE thing they need to know. Listen today and find out. Click HERE and read the Forbes article Scott was quoted in last week: "How To Become a Millionaire In Your 30's"
Sep 27, 2019•19 min•Ep. 130
The first decade of the 21st century, and the second one that’s drawing to a close, have reinforced for investors some timeless market lessons: Returns can vary sharply from one period to another. Holding a broadly diversified portfolio can help smooth out the swings. And focusing on known drivers of higher expected returns can increase the potential for long-term success. Having a sound strategy built on those principles—and sticking to it through good times and bad—can be a rewarding investmen...
Sep 13, 2019•19 min•Ep. 129
Episode #128
Aug 16, 2019•24 min•Ep. 128
Episode #127
Aug 03, 2019•23 min•Ep. 127
Click Here to view the 2nd Quarter 2019 Stock Market Review
Jul 22, 2019•19 min•Ep. 126
Episode # 125
Jun 28, 2019•23 min•Ep. 125
Episode #124
May 31, 2019•22 min•Ep. 124
Do you have doubts about how your 401(k) is invested? Listen now find out how you should be allocating your 401(k) and how much you should be investing.
May 18, 2019•21 min•Ep. 123
Do you want to know how the NFL draft and the Stock Market are related? Listen now to find out.
Apr 28, 2019•21 min•Ep. 122
CLICK HERE to read the First Quarter 2019 Stock Market Review
Apr 12, 2019•22 min•Ep. 121
Episode #120
Mar 29, 2019•28 min•Ep. 120
Investment fads are nothing new. When selecting strategies for their portfolios, investors are often tempted to seek out the latest and greatest investment opportunities. Over the years, these approaches have sought to capitalize on developments such as the perceived relative strength of particular geographic regions, technological changes in the economy, or the popularity of different natural resources. But long-term investors should be aware that letting trends influence their investment appro...
Feb 23, 2019•18 min
Dave Ramsey’s 7 Baby Steps Save up $1,000 to start an emergency fund. Pay off all non-mortgage debt using the debt snowball. Save up 3 to 6 months of expenses to complete your emergency fund. Invest 15% of household income into Roth IRAs and pre-tax retirement accounts. Work on college funding for children. Pay off your mortgage early. Build wealth and give!
Feb 01, 2019•29 min
CLICK Here to read the 2018 Annual Market Review
Jan 07, 2019•24 min
Why is the stock market freaking out? Is the stock market freaking out more or less than the average year? Find out the answers to these two questions and more in episode 116 of Best In Wealth.
Dec 07, 2018•20 min
CLICK HERE to read - Midterm Elections—What Do They Mean for Markets It’s almost Election Day in the US once again. For those who need a brief civics refresher, every two years the full US House of Representatives and one-third of the Senate are up for reelection. While the outcomes of the elections are uncertain, one thing we can count on is that plenty of opinions and prognostications will be floated in the days to come. In financial circles, this will almost assuredly include any potential fo...
Nov 02, 2018•22 min
CLICK HERE for Quarterly Market Review Q3 2018
Oct 12, 2018•21 min
Do you love your job? If so, great! If you don’t like your job, then listen today and become unstuck.
Sep 28, 2018•21 min
Are you mentally ready to retire? Being mentally prepared for retirement is just as important as being financial prepared. Today Scott discuss for things to think about to help you become mentally prepared for the best season of your life.
Sep 14, 2018•22 min
