This week discuss the trend of people leaving California due to the Pandemic, The Great Resignation, Climate and Cost of Living Website: https://www.somethingonmymind.net/ Social Media https://www.instagram.com/somm.podcast/ https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw https://www.tiktok.com/ @somm.podcast?lang=en https://www.facebook.com/somm.podcast https://twitter.com/Somm_podcast...
What would you do with $1.2 billion? The Mega Millions just had its largest winner ever. Website: https://www.somethingonmymind.net/ Social Media https://www.instagram.com/somm.podcast/ https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw https://www.tiktok.com/@somm.podcast?lang=en https://www.facebook.com/somm.podcast https://twitter.com/Somm_podcast
This week we talk about how there are a record number of weddings in 2022 and the people attending them are going broke Website: https://www.somethingonmymind.net/ Social Media https://www.instagram.com/somm.podcast/ https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw https://www.tiktok.com/ @somm.podcast?lang=en https://www.facebook.com/somm.podcast https://twitter.com/Somm_podcast...
This week’s topic is about those pesky fees when paying for good and services. In the digital age with money, there is a 100% chance that you can pay for goods and services electronically. In my case, I pay with a credit card whenever I can so I can get reward points as well as protection that it offers against theft. However, there are circumstances when a fee is required when charging with a credit card. Typically, this occurs with small businesses when it comes to general contractors, sprinkl...
In this week's episode we discuss if are people are saving enough for future retirement. The average American has just over $65,000 in their investment accounts. This is no where near the money that will be needed to retire. Each person should be saving 10-15% of their gross income to achieve this goal. We discuss what options that can help you achieve your goals and the value of compound interest. Website: https://www.somethingonmymind.net/ Social Media https://www.instagram.com/somm.podcast/ h...
There is nothing wrong when the word “bonus” is used in a sentence. When it comes to money this is even better. According to Zippia.com 33% of companies in the U.S. offer year-end bonuses and 40.5% of all U.S. workers have access to nonproduction bonuses. In addition, with Great Resignation, many companies are offering sign-on bonuses to attract new talent. So this leads us to the point of managing your employer retirement plan including 401(k)’s, Roth 401(k)’s, 403(b)’s and 457(b)’s. When recei...
Raise your hand if you've been to an all-inclusive trip. I have and I love them. When I think of this type of vacation, I envision the aquamarine water, cooling sand, sensuous smells from the grill and of course, tropical drinks. So a common question that we receive is: are all-inclusive worth the money? It depends, so let’s explore: The advantage is you know exactly how much your trip is supposed to cost and you get everything in the hotel grounds for free so you can eat, drink and play as much...
This week's episode is about the recycling problem, specifacally with plastic that is harming our planet. We talk about solutions that exist and what measures can be taken to solve the matter that concerns our precious planet. Are we too late? Probably. In the rountable, we talk about a weird dating experience due to a hangry episode. Website: https://www.somethingonmymind.net/ Social Media https://www.instagram.com/somm.podcast/ https://www.youtube.com/channel/UChec5qcZBcGkIhUU3belNDw https://w...
This week’s topic is about planning for gifts in your budget. Right off the bat, think to yourself and ask when is the last time that I purchased a gift for someone. More than likely it has been in the last month. If not, that’s what most people average over the course of a year. When we think of gifting, it is often for the end of year holidays or birthdays; however, it goes way beyond that. Let’s think of other major events for most people to recognize such as Valentine’s Day, Mother’s and Fat...
Joe Biden's budget proposal for the 2023 fiscal year includes a Billionaire Minimum Income Tax. The budget proposes that all households worth more than $100 million pay at least 20 percent in taxes on both income and unrealized appreciation which is an increase in an unsold investment. The projection will raise $360 billion. The questions is . . . will the bill pass and if it did, how would the money be allocated? We also investigate other options. In the roundtable we discuss how to handle the ...
This week’s topic is about luggage and tolls when traveling. So who's ready for a vacation? I am and I just got back from a recent trip! Now during the course of my freedom I was reminded of a few things that can help you when traveling. The first thing is packing your items. Most airlines will charge you for a checked bag and if you exceed 50 pounds, the charges can increase significantly. Therefore, weigh your bags on a scale before going to the airport. In addition, you can bring a small suit...
This week's episode conducts and interview with Michael Unbroken: He is the host of the Think Unbroken podcast which centers on child abuse; and he also offers many free and paid healing coaching programs and courses on his website. He has an amazing story and I think many people would be homeless. in a bad way or deceased as an adult. So he is on our show today to tell us about his childhood and what he did to become a successful entrepreneur. He is CPTSD, TRAUMA and Mental Health Healing Coach...
This week’s topic is term life insurance. One of the most important things that people want to do is protect their family In the unfortunate event when they pass away. One of the easiest ways to do this is term life insurance and costs have come down significantly due to advances in medical technology. For the most part, it is perhaps the lowest cost investment that you can make. In short you pick a policy term such as 10, 20, or 30 years and the amount of the policy. The key in this equation is...
This week's episode is about the future of crypto regulation. In time a global structure will be put into place and the United States is seeking to be the leader. With China banning crypto, this opens the door to be a superpower with digital coins. The U.S. is also looking into a digital coin to outright remove the paper money and metal coin exchange. In the roundtable we talk about deal breakers with your partner. Website https://www.somethingonmymind.net/ Merchandise https://www.somethingonmym...
This week’s topic is about managing gasoline prices. For the last several years, we have been experiencing stable and low prices at the pump due several reasons including the proper supply and the United State’s ability to produce more crude. With that being said, the oil that we use comes from several sources including Russia; however, most of their crude goes to Europe and Asia. Nonetheless, crude markets are complicated and manipulative and prices have risen due a potential global supply prob...
This week's episode covers the medical debt problem in the United States. About 20% of Millennials and Gen Xer's have defaulted on their bills. We will cover ways to understand your bill and how to ensure that it is accurate. In addition, what you can do to lower outstanding debt and pay less before being billed. In the roundtable, we speak about birthday's and we find our Florida man. Website https://www.somethingonmymind.net/ Merchandise https://www.somethingonmymind.net/shop Social Media http...
This week’s personal finance tip is about managing your wine. A personal finance tip on wine you say? Absolutely! How often have you opened a bottle and two days later it begins to taste like vinegar? This has to do with oxidation and then your pouring it down the drain. To find wines that are made with purpose for a value play, you have to spend between $15 - $25. So what can we do to get more out of our bottles? Store your wine on its side or upside down - it keeps the cork wet and protects ag...
This week's episode is about the real estate agent pay structure. The standard pay for a seller is 6%; 3% to the seller's agent and the 3% to the buyer's agent. In the scheme of things, this a very costly venture for the seller. For the buyer it is 2-6% of the purchase price to obtain the home for fees, title, taxes, insurance etc. Does the system need to be changed? We explore alternatives. In the roundtable we discuss a potential tattoo when the show makes $1 million dollars or gets one millio...
This week’s topic is about the hidden value of measuring furniture and appliances before purchasing them. It is a great feeling to buy new big ticket items such as a refrigerator or a furniture set. It is fresh, it is untarnished and everyone loves the way it looks in the house. So when it comes to making a new purchase, a common mistake occurs when the area an item will be placed is not measured. For example, let’s take a look at appliances. With dishwashers and ranges, they have standard dimen...
In this show we celebrate our 100th full-length episode. We look back on how we started and where we are now. In the financial topic, we cover interesting statistics regarding millionaires and you can explore where we fit in that circle. We also have each host bringing a mystery top 10 list on any subject sticking with milestones. In the roundtable we discuss experiences with driving in unfamiliar cities. Website https://www.somethingonmymind.net/ Merchandise https://www.somethingonmymind.net/sh...
This week’s topic is about tracking your crypto currency transactions for tax purposes. There are more than 10,000 coins on the market making crypto a household word. Hence, the IRS has taken note and expects filers to report results of their trading activity. We covered this in our personal finance tip #55 where each year you calculate what you have in gains versus losses, and determine what that number is. For example, if you sell Bitcoin for $10,000 in profit and sell Solana for an $8,000 los...
In the roundtable, we discuss how individual body parts are ugly. Website https://www.somethingonmymind.net/ Merchandise https://www.somethingonmymind.net/shop This week we discuss a woman's question about how to manage her money after he husband passes due to a terminal illness. She assets coming from his trust and some on her own; however, she has no plan in place. In the roundtable we discuss how individual body parts are ugly. Social Media https://www.instagram.com/somm.podcast/ https://www....
This week’s topic is about how you can create bulk purchasing power to save money with quality. It is no secret that buying in bulk gets you larger quantities for lower prices. We typically see this with the big players such as Sam’s Club and Costco and this can also be present with Internet shopping as well. So this is a great thing; however, many of the products that are sold come in limited product offerings or for a short period of time. Basically, bulk purchasing is designed for business ra...
In this week's episode we discuss the state of the American wedding with special guest Ciara Carter from the Run Thrive Survive. Are weddings cheaper during COVID? Why are people hurting themselves by not budgeting before entering into marriage? What's more important . . . the marriage or the mortgage. In the roundtable, we discuss if their is a future with soylent as a replacement for solid food. Website https://www.somethingonmymind.net/ Merchandise https://www.somethingonmymind.net/shop Socia...
Super Bowl 56 between the Cincinnati Bengals and Los Angeles Rams is projected to reach approximately 117 million viewers and in 170 countries. So let’s go through some current stats: -The average cost of a Super Bowl LVI ticket is more than $9,000. -Nearly $30,000 was the highest price ever paid for a Super Bowl ticket. -17 million people are expected to miss work the day after Super Bowl -1.42 billion chicken wings will be eaten. -11.2 million pounds of potato chips are expected to be eaten. W...
This week’s topic is about managing your tax returns. By the beginning of February most people should have all documentation necessary to file their taxes. When it comes to filing the standard date to complete this April 15th. At this point in time, you can actually adjust your filing to a fiscal year. In my case, I account for the tax I need to save from March to March each year, rather than January to January. Hence, if you are in a bind this year and owe money to the government, this allows y...
Special guest Joe DiSanto of playlouder.com discusses his path to successful entrepreneurial investing and personal money management methods to achieve success and give yourself the option to retire earlier. In the roundtable we discuss why isn't fun to be the only sober person in the room full of drunks. About Joe Joe DiSanto is a fractional CFO and consultant to small businesses and high-income individuals. He also founded the blog Play Louder, which serves as an invaluable resource to help in...
This week’s topic discusses the world of cheese and how to get the most from this fermented product loved the world over. According to Wikipedia cheese was cultivated approximately 7,000 years ago by accident, as a result of storing and transporting milk in bladders made of ruminants' stomachs, as their inherent supply of rennet (enzymes) would encourage curdling. So needless to say being cheesy isn’t easy as it is inherently tied to aging; however, the concoction creates delectable flavors and ...
In this week's episode we discuss what hawkish and dovish means when it comes to the Federal Reserve raising or lowering rates. With the supply chain and labor shortage intertwined with high demand for products core inflation has risen sharply. We also will cover the playbook on how to manage your investments. In the roundtable we discuss the option to put your body in a cryo tube with the hope to be pulled out in the future when medical technology has advanced. Website https://www.somethingonmy...
This topic centers on the early child tax credit and filing your 2021 taxes. In an effort in 2021by the US government they wanted to provide more families with additional cash in their pockets, they issued early child tax credits from July through December. If you qualified, these monthly payments were advances on 50% of the credit. In the past they would have been issued in the following calendar year when filing taxes So, when preparing your documents, be sure you have received a mailed docume...
