Back by popular demand, we are answering your questions. Bill wants to know how to begin investing in crypto-currencies. Will is wondering if a stock market crash is coming? Anna is practically broke. How does she begin investing? ...and more. For more information, visit the show notes at http://moneytreepodcast.com/251
Doug Casey is a world-class thinker, speculator, traveler, and in my opinion the most interesting guy in the world. Think about it. Who do you know who has had dinner with third-world dictators, has tried to take a country public… and almost succeeded, written multiple best-selling books, made and lost millions in his speculations, and he is still looking to try new things. This week we learn about Doug Casey. We discuss some of the secrets to his success, some of the most interesting places to ...
Veteran portfolio manager Barbara Friedberg is also an author, fintech consultant, and former university finance instructor. She joins us today to talk about roboadvising. Then, Tim Picciott and Andy Wang join Kirk and Miranda on the panel to dig deeper into roboinvesting. For more information, visit the show notes at http://moneytreepodcast.com/249...
Have you considered investing in real estate for extra income, as a career, or a hobby? Think again… This week we have Dominic Kirchner on our show to talk about flipping real estate for profit. Dominic has been successfully investing in real estate, flipping and rehabbing real estate for profit for over 17 years. This past year he did 50 fix and flips and he continues to grow each year. Dominic talks about how to find great deals... The importance of having a good team… Why you need to stay in ...
Author, Wealth Expert, and speaker Belinda Rosenblum joins us to talk about women and money. For more details and information, visit the show notes at https://moneytreepodcast.com/247
Victor Sperandeo is to Wall Street what Warren Buffett is to Main St. Unless you are a student of the market you may have never heard of him, but you are in for a treat today. Some of the topics we cover in today's episode: How have HFT and technology effected your trading? Risk Management Indexes How do you manage risk with your trades? For more information, visit the show notes at https://moneytreepodcast.com/246...
You should love your debt. That's the message from Leslie H. Tayne, Esq., a debt resolution attorney. She explains some of the technical issues that exists with debt, but also dives deep into the mindset of how debt can impact more than just your finances. You will also learn about the signs for when you might consider contacting a debt resolution company or service in today's episode. For more information, visit the show notes at https://moneytreepodcast.com/245...
In this bonus episode, our panel discusses the previous episode's interview about annuities with Stan The Annuity Man Haithcock. To listen to the Stan Haitcock interview, go to https://moneytreepodcast.com/243 Kristin Shea from Highland Capital Brokerage joins Kirk Chisholm, Miranda Marquit, and Tim Picciott for this in-depth debate. For more information about today's episode, visit the show notes at https://moneytreepodcast.com/stan-the-annuity-man-hates-annuities-find-out-why...
You have likely heard, "Annuities are not bought, they're sold". Stan "the annuity man" Haithcock knows all about annuities, and knows why there is so much negativity around this financial product. Variable, fixed, immediate, indexed: It can all be confusing to a person who doesn't know what annuities are. "If you are looking for market returns, you should never ever ever buy any type of annuity. If you are looking for income or principle preservation, or maybe some long term care issues, then a...
Lane Kawaoka recently quit his job because he's built an income from real estate investments. He shares the journey to owning more than 2,100 units across the United States while living in Hawaii. Lane's mission is to help hard-working professionals out of the rat race by reverse-engineering the wealth building strategies of the rich. You can hear some of those strategies on his podcast, Smart Passive Cash Flow. Then our panel discusses the various ways to invest in real estate, including "live-...
How do you bring up the concept of money with your kids? John Lanza joins us to talk about age-appropriate conversations about money, allowance, and how important it is to have your kids learn how to save up for a goal at an early age. Then the panel discusses kids and investing. For more information, visit the show notes at https://moneytreepodcast.com/241
Are you getting all the tax benefits possible? How about getting benefits after the taxable event? Matt Chancey joins us to talk about Economic Opportunity Zones. What is the time value of money? Can you benefit from a stepped-up basis after holding an asset for 10 years? Listen to the show for more. For the show notes at https://moneytreepodcast.com/240
Brynne has one child with special needs. How does this change the way she does her financial planning and investing? In general, her plan is to "save everything". But even doing that, Brynne says she does not "max out my retirement accounts to a point where I feel that an ABLE account or a Special Needs Trust is necessary or necessarily financially viable." ABLE stands for "Achieving a Better Life Experience Act", which are tax-advantaged savings accounts for individuals with disabilities and th...
Marco began investing in real estate at the age of 18 with a single townhouse that he bought, renovated, leased, and managed himself. He continued building his real estate portfolio over the years up to 84 units with additional single-family homes, duplexes, and small apartments. Marco is an expert in the ins and outs of real estate investing and has been helping investors create wealth and passive income for the past 15 years through Norada Real Estate. For more information, visit the show note...
What is the difference between a traditional IRA and a self-directed IRA? Kirk Chisholm of Innovative Wealth, and a regular panelist here on the Money Tree Investing Podcast, says "There's no technical difference. It's more of a marketing language that people use". "The self-directed IRA came about years ago as a way to distinguish between an IRA that's investing outside of the stock market versus an IRA that's investing in more traditional investments." Kirk should know. Self-directed IRAs is h...
FinTech is making an impact in the world if investing. Dr. Sean Stein Smith joins us to share what he says are the three major trends in accounting and finance: 1. Blockchain and cryptocurrencies 2. RPA: Robotic Process Automation 3. Entrepreneurial Angle Then our panel gets together to discuss how these trends may effect their work in professional services. For more information, visit the show notes at http://moneytreepodcast.com/236...
Traditional thinking, as described by the industry and promoted by media, is to save in retirement accounts and live off of Social Security in your golden years. Jack Bosch describes this as "The Pile of Money Theory": Work until you are age 65, put 10 percent of your income to the side, and by retirement you will have saved up enough to live without running out of cash. Jack proposes the "Cash Flow for Life" approach: Money that comes in from the investments you have built such as: • Dividend s...
Wouldn't it be great if you could trade for a living? Roger Dowd traded for a living and shares his experiences, and warnings, for people who want to follow this path. Technology has helped redefine the definition of a trader. Roger Dowd says, "Most people who view themselves as traders, if they are doing it right they are actually investors." He discusses how AI is coming into the space and what we could see in the coming future for investors. Then Miranda joins Kirk in our panel discussion. Ki...
Kelly Coughlin from EverydayCPA.com helps us understand investing from an owner/operator aspect, plus shares the 3 Stages when starting a successful business. For more information, visit the show notes at http://moneytreepodcast.com/how-to-invest-in-a-business-with-kelly-coughlin
When property taxes aren't paid, tax liens can be levied against the property. The liens are then sold to investors. If the liens are not paid within a certain amount of time, the investor can push to have foreclosure initiated, thus collecting at least the interest and principal of the original investment. Our guest, Melanie Finnegan of Tax Lien Wealth Solutions, explains there is a difference between a tax lien and a tax deed, and that there are two types of markets: Primary and secondary mark...
The mailbag is full again, so we spent time answering your questions! Justin asks: Is GM justified with cutting it's workforce when spending more than $10M buying back shares? Tyler read that buying small cap funds in a taxable brokerage account isn't wise because of capital gains. He has been buying small cap ETFs in a regular brokerage account when earning overtime. Should he be concerned? CJ has heard that HSAs are the holy grail of retirement investing. They already have great insurance thro...
Joseph Hogue and Kirk Chisholm join us again this week as we discuss P2P Lending. P2P lending, more specifically defined as Peer-to-Peer lending, replaces the position of a traditional bank when it comes to taking out a loan. P2P sites like Lending Tree and Kiva also matches borrowers to individuals who want to lend out money and earn interest. Is P2P Lending right for you? What alternatives are there for individuals who want to put their money to work but mitigate some of the risk? Find out in ...
Would you invest in someone else's home? Using blockchain technology, you could own a portion of someone's home. Or as a home owner, you could sell some of your equity to get some much needed cash without having to pay interest. Matthew Sullivan from QuantmRE explains how this works and what it can do to diversify your portfolio in a new way. For more information, visit the show notes at http://moneytreepodcast.com/229
Bitcoin, Etherium, Litecoin, Monero…there are dozens of cryptocurrencies. Barbara Longue says thousands are still to come. Are cryptocurrencies truly an investable asset? Miranda and Doug get to the bottom of this in today's episode. What you'll learn today: Why is blockchain technology important What is cryptocurrency What's the difference between Altcoin and Bitcoin For more information, visit the show notes at http://moneytreepodcast.com/228...
You wrote in, and we answered. Here are some of the topics covered in today's Listener Questions episode: Beating the DOW strategy, also known as "The Dogs of the Dow". Taking money out of retirement savings to pay off debt. Would it have been better to invest rather than pay off the student loan debt after college? And a question about how to handle a $70,000 inheritance. For more information, visit the show notes at http://moneytreepodcast.com/227...
Taylor and his wife are pursuing Financial Independence by saving 40 percent of their income every year. As they got raises and increased their take-home pay, they kept expenses low so they could increase their savings to 70 percent. Learn some of the frugal habits they continue to use and about picking individual stocks. For more information, visit the show notes at http://moneytreepodcast.com/frugal-your-way-to-financial-independence-with-taylor-the-fi-guy...
Deacon and his wife combined finances shortly after marriage – only to find $52,000 in consumer debt was weighing them down. They made the choice – and a plan – to pay down that debt in 18 month. Moving past debt freedom, Deacon began focusing on complete financial independence. In his book, "You Can Retire Early!: Everything You Need to Achieve Financial Independence When You Want It" he describes the three ways to financial independence: Real estate Stock market Entrepreneurship Listen in as D...
Raw land. Is it the undiscovered country of the investing world? Mark Podolsky shares his experience buying, selling, and leasing raw land as an investment. Unlike buying traditional real estate, purchasing raw land doesn't require a lot of money. Mark outlines a process of looking for lots with unpaid property taxes, purchasing the lots, and then offering them to people who live along the plot line. The key to a successful raw land purchase is to do the research and due-diligence needed to make...
Shannon Compton Game went through a divorce. Today she shares things she learned that helped get through the process of separating finances in a way that doesn't drain the bank. For more information, visit the show notes at http://moneytreepodcast.com/223
Investing in equities can help you build wealth, but creating a business and finding other streams of income can help accelerate building your net worth. Johnny Gabriele knows this all too well. He thought it would be fun to find a cat-shaped cake mold for his girlfriend. After looking everywhere and finding nothing, he took the opportunity to create his own and started selling them online. A new small business was born. Johnny shares the steps to creating a business, and emphasizes that they sh...
