Ep. 180 - Can You Own Multiple Roth IRAs? (Ask the CFP®)

The Good Financial Cents Show w/ Jeff Rose, CFP®

The Good Financial Cents Show w/ Jeff Rose, CFP®

Player FM - Internet Radio Done Right

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تمت الإضافة منذ قبل four أعوام

المحتوى المقدم من Jeff Rose. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة Jeff Rose أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

All About Change

1
Tiffany Yu — Smashing Stereotypes and Building a Disability-Inclusive World 30:23

منذ 12 يومًا30:23

التشغيل لاحقا

قوائم

إعجاب

احب

30:23

Tiffany Yu is the CEO & Founder of Diversability, an award-winning social enterprise to elevate disability pride; the Founder of the Awesome Foundation Disability Chapter, a monthly micro-grant that has awarded $92.5k to 93 disability projects in 11 countries; and the author of The Anti-Ableist Manifesto: Smashing Stereotypes, Forging Change, and Building a Disability-Inclusive World. As a person with visible and invisible disabilities stemming from a car crash, Tiffany has built a career on disability solidarity. Now that she has found success, she works to expand a network of people with disabilities and their allies to decrease stigmas around disability and create opportunities for disabled people in America. Episode Chapters 0:00 Intro 1:26 When do we choose to share our disability stories? 4:12 Jay’s disability story 8:35 Visible and invisible disabilities 13:10 What does an ally to the disability community look like? 16:34 NoBodyIsDisposable and 14(c) 21:26 How does Tiffany’s investment banking background shape her advocacy? 27:47 Goodbye and outro For video episodes, watch on www.youtube.com/@therudermanfamilyfoundation Stay in touch: X: @JayRuderman | @RudermanFdn LinkedIn: Jay Ruderman | Ruderman Family Foundation Instagram: All About Change Podcast | Ruderman Family Foundation To learn more about the podcast, visit https://allaboutchangepodcast.com/…

منذ 3 أعوام 15:02

MP3•منزل الحلقة

If one is good - three has to be better!

We are talking about the Roth IRA, specifically:

‘Can you have more than one Roth IRA account?’

This is not a question from a reader but rather a question that I get A LOT.

The short answer is YES.

I want to give you a bit more information on why you would want multiple accounts, how to set them up, how you could manage them, and much more.

02:17 Can you have multiple Roth IRAs?

03:20 Rules and Contribution Limits

06:34 How do you set up multiples accounts

09:25 Why use multiple brokerage companies

References

Roth IRA Rules and Contribution Limits for 2023

https://www.goodfinancialcents.com/roth-ira-rules-contribution-limits/

https://www.goodfinancialcents.com/ask

Check out my YouTube channel here.

Follow me on Twitter and Instagram.

318 حلقات

#Trading #Business #Marketing #Jeff Rose #Investing #Retirement #Financial #Planning

The Good Financial Cents Show w/ Jeff Rose, CFP®

Ep. 180 - Can You Own Multiple Roth IRAs? (Ask the CFP®)

The Good Financial Cents Show w/ Jeff Rose, CFP®

0-10 subscribers

published منذ 3 أعوام

MP3•منزل الحلقة

If one is good - three has to be better!

We are talking about the Roth IRA, specifically:

‘Can you have more than one Roth IRA account?’

This is not a question from a reader but rather a question that I get A LOT.

The short answer is YES.

I want to give you a bit more information on why you would want multiple accounts, how to set them up, how you could manage them, and much more.

02:17 Can you have multiple Roth IRAs?

03:20 Rules and Contribution Limits

06:34 How do you set up multiples accounts

09:25 Why use multiple brokerage companies

References

Roth IRA Rules and Contribution Limits for 2023

https://www.goodfinancialcents.com/roth-ira-rules-contribution-limits/

https://www.goodfinancialcents.com/ask

Check out my YouTube channel here.

Follow me on Twitter and Instagram.

318 حلقات

#Trading #Business #Marketing #Jeff Rose #Investing #Retirement #Financial #Planning

كل الحلقات

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 220 - The Best Roth IRA Accounts (for Beginners) 21:09

منذ 2 years21:09

21:09

Join host Jeff Rose, CFP®, on The Good Financial Cents Show as he dives deep into the world of personal finance and helps you navigate the often overwhelming landscape of investing and retirement planning. In this episode, Jeff focuses on one of the most powerful retirement savings vehicles available: the Roth IRA. Whether you're just starting your financial journey or looking to optimize your retirement strategy, this episode is packed with valuable insights and expert advice to help you make informed decisions about your financial future. Key Highlights: Understanding the Roth IRA: Jeff breaks down the basics of the Roth IRA , explaining its key features, benefits, and eligibility criteria. Whether you're new to investing or a seasoned pro, this episode provides a comprehensive overview to ensure you're well-equipped to make the most of this valuable retirement tool. Evaluating the Best Roth IRA Accounts: With numerous financial institutions offering Roth IRAs, selecting the right account for your needs can be overwhelming. Jeff shares his top recommendations for the best Roth IRA accounts specifically tailored for beginners, taking into account factors such as fees, investment options, customer service, and ease of use. Exploring Investment Options: Investing within a Roth IRA opens up a world of possibilities, but understanding the various investment options can be daunting. Jeff discusses different investment choices suitable for beginners, including index funds, target-date funds, and individual stocks, shedding light on their pros and cons to help you make informed decisions. Tips for Maximizing Your Roth IRA: Jeff shares valuable tips and strategies to help you make the most of your Roth IRA. From contribution limits and tax advantages to long-term growth potential, you'll learn how to leverage this retirement account to build wealth and secure a comfortable future. Common Pitfalls and How to Avoid Them: Investing can be complex, and even with the best intentions, mistakes can happen. Jeff highlights common pitfalls that beginners often encounter when managing their Roth IRAs and provides practical advice on how to avoid them, ensuring your retirement savings stay on track. Tune in to The Good Financial Cents Show and empower yourself with the knowledge and confidence to start or optimize your Roth IRA journey. Whether you're a beginner or an experienced investor, this episode will provide you with actionable insights and expert guidance to help you build a secure financial future. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Best Roth IRA Accounts on YouTube: https://www.youtube.com/watch?v=twfCZKKzrPA Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 219 - 2 Investments That Made Me Into a Multi-Millionaire 15:13

منذ 2 years15:13

15:13

Welcome to the Good Financial Cents show, where we explore the investments that transformed Jeff Rose into a multi-millionaire. Join your host, Jeff Rose, CFP®, as he takes you on a captivating journey through two key investments that propelled his extraordinary financial success. In this episode, Jeff reveals the secrets behind his remarkable wealth creation and shares his firsthand experiences. Here are the main key points we'll explore: Investing in the Stock Market: Strategies and principles for navigating the market Making informed decisions and generating substantial returns Empowering you to make confident and informed investment choices Building an Online Brand: The power of a finance blog, YouTube channel, and podcast Establishing authority in the financial industry Generating additional income streams and building a loyal audience The dividends of investing in digital real estate Join Jeff as he unveils the blueprint behind these groundbreaking investments, allowing you to replicate his achievements and harness the power of the stock market and online branding. Discover effective stock market investing strategies , including research, diversification, and long-term wealth-building approaches. Dive into the world of online branding, where Jeff shares the secrets of building an engaging online platform , attracting an audience, and monetizing your online presence. The Good Financial Cents show is an invaluable resource for anyone seeking to unlock the potential of strategic investments and create lasting financial abundance. Whether you're an aspiring investor, an entrepreneur looking to build an online presence, or someone striving for financial independence , Jeff's insights and experiences will inspire and guide you towards achieving your own multi-millionaire status. Are you ready to embark on a journey of financial growth and empowerment? Tune in to the Good Financial Cents show and discover the investments that propelled Jeff Rose to extraordinary wealth and success. Get ready to transform your financial future. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 218 - 6 Rich Habits That Helped Me Become a Multi-Millionaire (in my 30s) 13:49

منذ 2 years13:49

13:49

Welcome to the Good Financial Cents show, where financial success is within reach for everyone. Join your host, Jeff Rose, CFP®, as he shares his personal journey and reveals the six rich habits that propelled him to become a multi-millionaire in his 30s. In each episode, Jeff takes you on a captivating exploration of the principles, strategies, and mindsets that have led him to remarkable financial accomplishments. Drawing from his own experiences and expertise as a Certified Financial Planner®, Jeff provides actionable insights that can transform your financial life. Discover the power of disciplined saving, strategic investing, and smart money management as Jeff delves into the six rich habits that have been instrumental in his own wealth creation . From cultivating a strong work ethic and setting clear financial goals to leveraging the power of compounding and making calculated risks, Jeff reveals the practical steps that can fast-track your journey to financial independence. But the Good Financial Cents show isn't just about money; it's about empowering you to build a life of abundance and fulfillment. Jeff dives deep into the mindset and habits that underpin financial success, including the importance of continuous learning, developing resilience, and embracing a positive attitude. Whether you're a seasoned investor, an aspiring entrepreneur, or simply someone looking to improve their financial well-being, the Good Financial Cents show provides the guidance and inspiration you need to take control of your financial future. Tune in to unlock the secrets of success, learn from Jeff's firsthand experiences, and gain the tools to build wealth and live life on your own terms. Are you ready to transform your financial destiny? Join Jeff Rose on the Good Financial Cents show, and let the journey to financial freedom begin. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 217 - 7 Accounts Wealthy People Have to Build Wealth Faster 18:35

منذ 2 years18:35

18:35

In this insightful episode, Jeff shares his expertise on wealth accumulation and provides valuable insights on how you can implement these strategies to supercharge your own financial journey. Whether you're just starting on your path to financial freedom or looking to optimize your existing wealth-building efforts, this podcast episode is packed with actionable tips and guidance to help you achieve your financial goals. Key Points: High-Yield Savings Accounts: Uncover the secrets of maximizing your savings with high-interest savings accounts that yield substantial returns. Tax-Advantaged Retirement Accounts: Learn how to harness the power of tax advantages and grow your retirement savings more efficiently. Brokerage Accounts: Understand the benefits of brokerage accounts and how they enable you to invest in a diverse range of assets. Real Estate Investment Accounts: Discover the power of real estate investments and how they can generate passive income and wealth appreciation. Join Jeff Rose in this enlightening episode as he breaks down each account type, highlights their unique benefits, and shares practical tips on leveraging these accounts to build wealth faster. Get ready to take control of your financial future and make informed decisions that will put you on the path to financial success. Tune in to The Good Financial Cents Show, and empower yourself with the knowledge and strategies to build wealth faster and create a life of financial abundance. Note: Jeff Rose, CFP® is a Certified Financial Planner® and the founder of Good Financial Cents, a leading personal finance blog, and financial planning firm. With years of experience in the financial industry, Jeff is dedicated to providing valuable financial education and guidance to help individuals achieve their financial goals. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 216 - He Works 20 Hours a Week and Makes (OVER) $1 Million 33:30

منذ 2 years33:30

33:30

Join host Jeff Rose, CFP® as he sits down with the esteemed Steve Chou, renowned entrepreneur and author of the highly anticipated book, "The Family First Entrepreneur." In this episode of The Good Financial Cents Show, we delve deep into the fascinating world of entrepreneurship, focusing on the unique challenges and rewards faced by individuals who prioritize family values while building thriving businesses. Steve Chou, the founder of MyWifeQuitHerJob.com , shares his incredible journey and sheds light on the invaluable insights gathered throughout his entrepreneurial career. As an expert in e-commerce and online business, Steve has achieved remarkable success while ensuring that his family remains at the forefront of his priorities. During this engaging interview, Steve opens up about the strategies he implemented to cultivate a harmonious work-life balance, nurturing both his business ventures and his relationship with his loved ones. Drawing from his new book, " The Family First Entrepreneur ," Steve provides listeners with practical tips, actionable advice, and inspiring anecdotes on how to achieve entrepreneurial success without sacrificing the well-being of your family. Discover how to effectively manage your time, delegate tasks, and create systems that support a fulfilling personal life while pursuing your entrepreneurial dreams. Whether you're a seasoned business owner or contemplating taking the leap into entrepreneurship, this episode will empower and guide you to build a profitable business while fostering strong family connections. Tune in to The Good Financial Cents Show as Jeff Rose and Steve Chou unravel the secrets of becoming a Family First Entrepreneur, and gain valuable insights that can transform your life and business. Don't miss out on this enlightening conversation that will inspire you to embrace entrepreneurship while cherishing the most important aspects of your life - your family. Episode Highlights: Steve Chou's personal journey as a successful entrepreneur Balancing the demands of entrepreneurship with family commitments Strategies for maintaining a healthy work-life integration Practical tips for time management and delegation The importance of building systems to support both business and family An inside look at Steve Chou's book, "The Family First Entrepreneur" Prepare to be inspired and motivated as The Good Financial Cents Show brings you the extraordinary story of Steve Chou and his mission to empower entrepreneurs to prioritize family values while achieving remarkable business success. Subscribe now and embark on a transformative journey towards becoming a Family First Entrepreneur! Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Steve's Book: F amily First Entrepreneur Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 215 - 7 Best Low-Risk and HIGH Return Investments Right Now (2023 and beyond) 29:30

منذ 2 years29:30

29:30

Welcome to the Good Financial Cents show, the ultimate destination for all your money matters! Join your host, Jeff Rose, CFP, as he unravels the secrets of financial success in this episode titled "7 Best Low-Risk Investments for 2023". If you're ready to make your money work harder without breaking a sweat, you're in for a treat! In this episode, we'll be diving deep into the world of low-risk investments, unveiling the top options that will pave the way to financial prosperity in 2023. Here are the key highlights of this special episode: 🎙️ Jeff's Expert Picks: Discover the seven carefully selected low-risk investments that Jeff Rose, a certified financial planner (CFP), believes will outshine the rest in 2023. 🎙️ The Power of Diversification: Learn how diversifying your investment portfolio with these low-risk options can help you minimize risk while maximizing potential returns. 🎙️ Explore Bonds and Treasury Securities: Delve into the world of bonds and Treasury securities , uncovering the ones with the highest potential for stable returns and protecting your capital. 🎙️ Dividend-Paying Stocks : Find out which dividend-paying stocks are the cream of the crop, offering regular income streams while maintaining a low level of risk. 🎙️ Real Estate Investment Trusts (REITs): Discover how REITs can provide a unique investment opportunity that combines the benefits of real estate and the stability of traditional investments. 🎙️ High-Yield Savings Accounts: Learn the secrets to leveraging high-yield savings accounts as a low-risk option to grow your money while preserving liquidity. 🎙️ Expert Insights and Tips: Gain valuable insights from financial experts who will share their knowledge and tips on how to navigate the low-risk investment landscape in 2023. Get ready to elevate your financial game with the Good Financial Cents show. Tune in to this episode and arm yourself with the knowledge and strategies you need to make smart low-risk investments in 2023 . Don't forget to hit that subscribe button, leave a review, and share with your fellow money enthusiasts. Let's thrive together on the path to financial success! Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Best Online Brokers Best Short-Term Investments Best Long-Term Investments Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 214 - 95% get wealthy if they are willing to do this... 11:44

منذ 2 years11:44

11:44

Welcome to the Good Financial Cents podcast, where we unravel the secrets of wealth creation and explore the mindset and strategies embraced by successful individuals to attain financial freedom. Join our host, Jeff Rose, CFP®, a seasoned financial expert and entrepreneur, as we embark on a journey to uncover the untold stories behind the world's wealthiest people. In this show, we break down the myth that only a select few have what it takes to build significant wealth. Discover how adopting a mindset of abundance and taking calculated risks can propel you towards financial success. Explore actionable tips and strategies that will empower you to embark on your own path to financial independence. Unveil the mindset of abundance: Understand the mindset and belief systems that successful individuals adopt to attract wealth and abundance into their lives. Embrace calculated risks: Learn how taking calculated risks can lead to lucrative opportunities and open doors to financial growth. The power of multiple income streams: Explore the concept of developing multiple income streams and discover how it can bolster your financial situation. Passive income strategies: Uncover the secrets of generating passive income and how it can create long-term wealth and financial stability. Online businesses and entrepreneurship: Discover the potential of starting an online business or side hustle and learn how it can create additional income streams. Stock market ventures: Gain insights into investing in the stock market and explore strategies to maximize your returns. Affiliate marketing and digital monetization: Learn how to leverage the power of affiliate marketing and digital platforms to generate passive income. Whether you're a seasoned investor or just starting to explore the world of personal finance, the Good Financial Cents podcast provides valuable guidance and practical advice for individuals at all stages of their financial journey. Join us and unlock the secrets of financial success, as we guide you towards building wealth and creating a life of abundance. Remember, 95% of people can achieve wealth if they are willing to do this... Are you ready to take the leap? Tune in to the Good Financial Cents show and start your journey towards financial freedom today! Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Online Jobs for Teens Best Side Hustles Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 213 - How to Get Un(Stuck) 10:28

منذ 2 years10:28

10:28

Welcome to the Good Financial Cents show, where we help you "make cents" of your financial life. In this episode, we'll discuss a common problem that many of us face at some point in our lives - feeling stuck in our financial situation. Are you struggling to make progress towards your financial goals? Do you feel like you're stuck in a rut and don't know how to move forward? If so, you're not alone. In this episode, we'll explore the various reasons why people get stuck in their financial lives, and more importantly, we'll share some actionable tips and strategies that can help you get unstuck and start making progress towards your financial goals. Here are some of the key takeaways from this episode: Understanding the root cause of your financial stagnation is essential in finding a way out. Learning to let go of limiting beliefs that may be holding you back can be key to progress. Taking a step back and re-evaluating your short-term and long-term financial goals can help you determine what's important and what's not. Developing a plan and a timeline for achieving your financial goals can help keep you motivated and accountable. Knowing when to seek help from a financial professional can be essential in getting unstuck. If you're feeling stuck in your financial life and don't know how to move forward, this episode is for you. Tune in now to learn how to get unstuck and start making progress towards your financial goals. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: 10X goals cheat sheet: https://go.goodfinancialcents.com/10x-goals-cheatsheet Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 212 - Hot Take: Don't Listen to Broke People 13:11

منذ 2 years13:11

13:11

Welcome to Good Financial Cents, the podcast that helps you make sense of your money. In this episode, host Jeff Rose responds to a YouTube comment from someone who doesn't invest in courses. Jeff disagrees with this viewpoint and believes that investing in your education is a smart investment, especially when it comes to personal finance. The episode is titled "Don't Listen to Broke People" and explores why taking financial advice from those who are struggling financially may not be the best idea. Here are some of the key takeaways from the episode: Investing in your financial education is a wise decision: Jeff shares his own personal experiences and insights from his years of experience as a financial advisor to explain why investing in your financial education can pay off in the long run. Benefits of investing in courses: Jeff breaks down the advantages of investing in courses, including gaining valuable knowledge and high income skills , increasing your earning potential, and boosting your confidence. Different types of courses: Jeff discusses the various types of courses available, from free online resources to paid courses from reputable sources. How to identify the best courses: Jeff offers tips on how to identify the best courses to take based on your personal financial goals, such as focusing on topics that align with your interests and career aspirations. Common misconceptions: Jeff dispels common myths around investing in education, such as the belief that it's a waste of money or that all information is freely available online. By the end of this episode, you'll understand why investing in your financial education is a smart move and how it can lead to greater financial success. Don't listen to broke people; listen to Jeff Rose and start investing in your financial education today! Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: How to Crush Your Short-Term Goals Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 211 - Stop Saving Money (Do This Instead) 8:03

منذ 2 years8:03

8:03

Welcome to the Good Financial Cents show, where we strive to help you achieve your financial goals and build a secure future. In today's episode, we'll explore the age-old debate: Should you save or invest your money ? While both options have their merits, we argue that investing should be your top priority. Saving money is important, of course, but it can only take you so far. When you save your money , you're simply setting it aside for a rainy day. It's a great way to build an emergency fund or save up for a big purchase, but it won't help your money grow over time. On the other hand, investing your money can help you achieve long-term financial success . By investing, you're putting your money to work for you, allowing it to grow and compound over time . With the right investment strategy, you can potentially earn higher returns than you would with a savings account or other low-risk investment options . So, join us as we dive into the world of investing and explore why it's more important to invest than save. Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights that can help you achieve your financial goals and build a brighter financial future. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: How to Invest $1,000 How to Invest Small Amounts of Money Best Savings Accounts Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 210 - 91% Of People Fail Fail On Their Goals Because Of This 8:58

منذ 2 years8:58

8:58

Welcome to the Good Financial Cents Show, where we empower you to make smart financial decisions and build a better future for yourself and your family. In this episode, we take a look at why 91% of people fail at their goals and how to adjust a few simple things to beat the odds. We'll talk about short-term goals and long-term goals and everything in between. Join us as we help you make more money while achieving financial freedom. Tune in to the Good Financial Cents Show and learn how to successfully set goals and follow throught on them. Don't forget to subscribe and leave us a review, as your feedback helps us grow and provide you with the best financial advice. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Make $1,000 Fast Best Passive Income Apps Best Money Making Apps Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 209 - #1 Mistake Stopping You From Making Passive Income 9:45

منذ 2 years9:45

9:45

Welcome to the Good Financial Cents Show, where we empower you to make smart financial decisions and build a better future for yourself and your family. In this episode, we delve into the world of passive income , identifying the number one mistake people make in their quest for residual income, and providing insights on how to avoid it. Join us as we help you make more money while achieving financial freedom. In this episode, we'll discuss: The differences between passive and active income The allure of passive income and residual income streams The #1 mistake people make when trying to earn multiple income streams Tips on how to avoid this mistake and ensure a successful passive income journey The role of perseverance and adaptability in creating a passive income stream Tune in to the Good Financial Cents Show and learn how to sidestep the biggest pitfalls in earning passive income, so you can create a robust financial future. Don't forget to subscribe and leave us a review, as your feedback helps us grow and provide you with the best financial advice. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Make $1,000 Fast Best Passive Income Apps Best Money Making Apps Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 208 - #1 Mistake for Creating Multiple Income Streams 13:20

منذ 2 years13:20

13:20

Welcome to the Good Financial Cents show, where we provide expert insights on personal finance and wealth building. In this episode, we're discussing the most common mistake people make when creating multiple income streams . Here are some of the key points we'll cover: The importance of creating multiple income streams for financial security and freedom The #1 mistake people make when creating multiple income streams that can backfire and hurt their finances Tips and strategies for avoiding this mistake and building a successful income portfolio , including: Identifying your skills and talents to determine the best income streams to pursue Diversifying your income streams to reduce risk and increase stability Creating a financial plan to manage and track your income streams effectively Whether you're an entrepreneur, freelancer, or just looking to supplement your income, this episode will provide valuable insights and practical advice for creating a successful income portfolio. Join us now to learn how to avoid the #1 mistake for creating multiple income streams and achieve your financial goals . Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: On YouTube: FAIL: My Biggest Mistake Creating Multiple Income Streams On the Blog: Residual Income Ideas How to Make Money While You Sleep Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 207 - Top 2 Assets You Need For Financial Freedom 21:17

منذ 2 years21:17

21:17

Welcome to the Good Financial Cents show, where we believe that everyone deserves to live their best financial life. In this episode, we'll be discussing the top 2 assets you need for financial freedom. Financial freedom means having the resources you need to live the life you want without having to worry about money. Our host Jeff Rose will be breaking down the top 2 assets that are essential for financial freedom: Tangible assets such as stocks, bonds, real estate , and other physical assets are still incredibly important for achieving financial freedom. Intangible assets such as building your brand and digital real estate are equally important when it comes to creating wealth and achieving financial freedom. Jeff will be sharing his expert insights on how to leverage both tangible and intangible assets to create a secure financial future. By the end of this episode, you'll have a clear understanding of how to use both tangible and intangible assets to your advantage and start building them into your financial plan. Whether you're just starting out on your financial journey or you're a seasoned investor, this episode is a must-listen. Here's a quick summary of the key points: Financial freedom means having the resources you need to live the life you want without worrying about money. Tangible assets such as stocks, bonds, real estate, and other physical assets are important for achieving financial freedom. Intangible assets such as building your brand and digital real estate are equally important for creating wealth and achieving financial freedom. Jeff Rose will be sharing expert insights on how to leverage both tangible and intangible assets to create a secure financial future. So sit back, relax, and get ready to learn about the top 2 assets you need to achieve financial freedom . Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: The Wealth Stack: https://www.goodfinancialcents.com/the-wealth-stack-7-assets-required-for-financial-freedom/ Bonds Vs Stocks Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 206 - What Happens to Your Money If Your Broker Fails? 22:53

منذ 2 years22:53

22:53

Welcome to the Good Financial Cents podcast! In this episode, we'll be diving into a crucial topic that investors should be aware of: what happens to your money if your broker fails? The thought of losing your hard-earned money due to the failure of a financial institution can be stressful. That's why we're dedicating this episode to exploring the steps you can take to protect your investments and understand the different options available if your broker does fail. We'll also be discussing the differences between the Securities Investor Protection Corporation (SIPC) and the Federal Deposit Insurance Corporation (FDIC) and how they can provide protection for your investments. Additionally, we'll share some real-life examples of broker failures and their impact on investors. Plus, we'll answer some of the most frequently asked questions on this topic, such as: What are the warning signs that your broker may be in trouble? How can you minimize the risk of losing money if your broker fails? What happens to your investments if your broker fails? How does the FDIC affect your investments ? How does SIPC differ from FDIC? Whether you're a seasoned investor or just starting out, this episode is packed with valuable information you won't want to miss. So grab a cup of coffee, sit back, and join us for this informative discussion on what happens to your money if your broker fails, and the protection offered by SIPC and FDIC. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: What Happens if Your Bank is Seized by FDIC? Setting Financial Goals Guaranteed Investment Accounts Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 205 - I Failed at 75 Hard 26:43

منذ 2 years26:43

26:43

In this podcast, I talk about how I started a program called 75 Hard created by Andy Frisella. I discuss why I did not finish the challenge, my disappointments and how it still has left a positive impact on me. I also share why I only took one day off before I began working at it again. I also talk about why we should never give up even when we fail, how to get back in tune with yourself, and how trying again is going to be key. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: 75 Hard: https://andyfrisella.com/pages/75hard-info Andy Frisella Facebook: https://www.facebook.com/andrewjfrisella/ Real AF Podast: https://andyfrisella.com/blogs/realaf-podcast?psafe_param=1&utm_campaign=gs-2020-10-01&utm_source=google&utm_medium=smart_campaign&gclid=CjwKCAjwq-WgBhBMEiwAzKSH6BwIPdbgfRBgNatj3mg3rSqJxxlyI-TsgdjvtRgqzrxowS_37hxnWhoC_LoQAvD_BwE Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 204 - How to Master Passive Income Investing in Real Estate 54:15

منذ 2 years54:15

54:15

Welcome to another empowering episode of the Good Financial Cents show, where we explore smart strategies to help you achieve financial success. In today's episode, we're joined by Dustin Heiner, the founder of MasterPassiveIncome.com and an accomplished real estate investor. Get ready to dive deep into his fascinating journey into the world of real estate investing ! From his humble beginnings to building a thriving real estate empire, Dustin shares his wealth of knowledge and hard-earned experience to help you understand the power of passive income through real estate. We'll explore the strategies he employed to overcome challenges, achieve financial freedom, and create a sustainable business that has transformed his life. In this conversation, we'll cover: Dustin's inspiring journey from a regular 9-to-5 job to becoming a successful real estate investor The essential mindset shifts and habits that propelled his growth in the industry The truth about passive income The key principles behind building a profitable real estate portfolio when you have no money How to identify and evaluate potential investment opportunities Tips for managing properties and tenants effectively to maximize returns Leveraging the power of networking and mentorship in the real estate community And much more! Whether you're an aspiring real estate investor or a seasoned pro looking for new insights, this episode is packed with valuable information that can help you make smarter financial decisions. Don't miss this opportunity to learn from one of the best in the business – tune in now to the Good Financial Cents show and start your journey to mastering passive income through investing in real estate properties . Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Dustin's podcast: https://masterpassiveincome.com/podcast Best real estate investing apps Best REIT Jobs (and careers) Real estate vs Index Funds Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 203 - "I Want to Make 12% Interest on My Money - Guaranteed!?" 18:28

منذ 2 years18:28

18:28

Are you tired of boring low risk investment options that don't offer much return? Well, on this episode of the Good Financial Cents show, we're spicing things up and exploring the exciting world of guaranteed interest accounts and investments ! Join us as we delve into the juicy details of these often overlooked investment options even though some offer high-yield returns . We'll explore the pros and cons of guaranteed interest accounts and investments, and discuss how they can fit into your overall investment strategy. But that's not all! We also explore the guaranteed interest accounts to beware of. Yes! You have to guard yourself and make sure you don't get scammed. So grab your favorite beverage and get ready to dive into the exciting world of guaranteed interest accounts and investments with us on this episode of the Good Financial Cents show. It's an episode you won't want to miss! Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: When Should You Buy an Annuity? How to Invest Your Money Right Now (Short-term Options) Best High Yield Savings Accounts Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 202 - Woman Goes Viral for Paying $24,726 for a Car Only Worth $278 13:27

منذ 2 years13:27

13:27

On this episode of the Good Financial Cents show, we discuss the viral story of a woman who purchased a used car online for $24,726, only to later discover that the vehicle was worth only a fraction of that amount - $278! The woman had shared her purchase online, initially believing that she had paid a fair price for the car. We delve into the details of the transaction and examine the factors that led to the woman's mistaken belief that she had secured a good deal. We also discuss the consequences of sharing personal information online and the impact it had on the seller's reputation. Throughout the episode, we explore the risks and challenges of making large purchases online, especially to understanding the terms and conditions of the sale. We offer strategies for protecting oneself when shopping online and avoiding common mistakes. We also examine the power of social media and the impact of viral content, and the lessons that can be learned from this experience. Overall, this episode provides valuable insights for anyone who shops online and is a must-listen for those interested in making informed financial decisions . Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Is it Better to Lease or Buy a Car? Best Time to Buy a Car Best Car Insurance for Young Adults Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 201 - From Plywood Mill to Wall Street - How Taylor Kovar Defined His Own Success 39:27

منذ 2 years39:27

39:27

In this podcast, we sit down with Taylor Kovar, a Certified Financial Planner (CFP®) and founder of Kovar Wealth Management, to discuss his journey from working in a plywood mill to founding a successful Wall Street firm and then evenutally starting his own wealth management firm. Taylor shares the challenges he faced early on in his career and how he transitioned from a blue-collar job to a career in finance . Throughout the podcast, Taylor provides valuable insights into the financial industry, sharing his knowledge on topics such as investment strategies, financial planning, and retirement planning . He also touches on the importance of education and continuously learning in the field of finance. Additionally, Taylor shares his personal experience with starting his own business and the lessons he learned along the way. He provides advice for aspiring entrepreneurs looking to start their own financial planning firm. Overall, this podcast provides a unique perspective on the financial industry and entrepreneurship, with valuable insights from an experienced financial planner who has successfully navigated both worlds. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Kovar Wealth Management: https://kovarwealth.com/ Kovar Wealth Facebook: https://www.facebook.com/KovarWealth/ Millioinare Marriage Podast: https://themillionairemarriage.com/ How to Retire at 50 - By Taylor on Good Financial Cents blog Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 200 - The Best Compounding Interest Investments (To Build Wealth) 22:41

منذ 2 years22:41

22:41

Welcome to the "Good Financial Cents Show"! In this episode, we will be discussing one of the most important concepts in personal finance: compounding interest. Our topic for today is " The Best Compounding Interest Investments to Build Wealth ". Join us as we explore the different investment options available to help you grow your wealth over time. We'll be covering the benefits of compounding interest and how it works, as well as some of the best investment companies to consider. Our host, Jeff Rose, a certified financial planner and founder of the Good Financial Cents blog, will be sharing his expertise and insights on the subject. Whether you're just starting your investment journey or looking for new ways to grow your wealth, this episode will provide you with valuable information and strategies to help you make the most of your money . So, sit back, relax, and join us for this informative and engaging episode of the "Good Financial Cents Show". Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: 8 Best Guaranteed Investments to Invest Your Money Right Now How to Invest for a Big Profit During an Inflation Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 199 - How to Make More Monthly Than You Did Last Year (in 90 Days) 52:04

منذ 2 years52:04

52:04

Welcome to the Good Financial Cents podcast! Do you feel like you've been stuck in a rut with your current income? Do you want to break through that plateau and dramatically increase your monthly income in under 3 months? Well, you've come to the right place! In this podcast, I'll be talking with Justin Wise who was dead broke and turned it all around with a BOLD decision. That descision led to him making more in a month than he did with his previous job and he did so in only 90 days! In this show, we'll be walking you step-by-step through the process of making more money than you ever have before. We'll talk about finding new side hustle opportunities , setting up multiple streams of income , and strategies for getting paid for what you do best. So if you're looking for a way out of your financial funk, stay tuned! Because I'm here to help you reach that next level of success. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Justin on Twitter: @justinwise Justin's site: https://www.justinwise.net Get Started: Small Business Ideas to Start Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 198 - Is M1 Finance Safe to Invest Your Money? 20:10

منذ 2 years20:10

20:10

Welcome to the Good Financial Cents show! In this episode, we'll be looking at the safety of investing with M1 Finance. We'll look at their regulatory history, customer feedback, and security measures that make M1 Finance one of the best investment apps on the market today. We'll also discuss how you can further protect your investments when using M1 Finance and explore some resources to help you in making informed decisions about your money. So tune in this week to find out if it's safe to invest with M1 Finance . Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: M1 Finance Review Best Trading Platforms How to Invest $2,000-$3,000 Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 197 - [Warning] Don't Lose ALL YOUR Money in a Roth IRA 18:40

منذ 2 years18:40

18:40

The Roth IRA is a great way to save for retirement, but it can also be risky if you don't know what you're doing. In this podcast, we'll explore the different ways you can lose money in a Roth IRA and how to avoid them. We'll discuss the risks associated with taking out early withdrawals, overfunding your account, and investing in high-risk but also high-yield investments . We'll also look at strategies you can use to protect your investments and make sure your Roth IRA works for you. Don't miss out on this essential advice on how to manage a Roth IRA without putting your retirement savings at risk! Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: Roth IRA rules for 2023 Best Investments for a Roth IRA Roth IRA Tax Deductions - Can you write off losses? How to Open a Roth IRA - Best Options Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 196 - He Quit His $100k Job and Traveled the Country in a RV (For 2 1/2 Years!) 48:53

منذ 2 years48:53

48:53

Jacob Wade had it all. A great career with a 6 figure salary. A growing family with the nice house in an amazing neighborhood. But something was missing. He wasn't sure what it was until a major anxiety attack forced him to take a hard look at what really mattered in his life. That led to him having a "CRAZY" idea he eventually shared with his wife and she was on-board. Tune in to find out how he was able to quit his $100k job and then travel the country with this 3 kids . Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 195 - It's (Almost) Time to Accelerate Your Life 12:41

منذ 3 years12:41

12:41

2023 is here and if you're like most, you have some really ambitious goals you want to knock out this year - Let's go! Maybe you had the same goals last year and now you're worried you'll waste another year. If that's you, no fret! I've invested a lot of time and money into business coaching programs that have transformed how I go about setting and achieving all my short-term and long-term goals . And I want to show you what I've learned in my 10x Goals Accelerator Course . Tune in to learn how to get early access. Thanks for listening to the Good Financial Cents podcast! Check the blog for fresh content at www.GoodFinancialCents.com . Resources: How Setting Goals Increased my Revenue by 100% Engage on Social: Wealth Hacker YouTube channel : https://www.youtube.com/wealthhacker/ Good Financial Cents YouTube channel : https://www.youtube.com/goodfinancialcents Follow me on Twitter (@jjeffrose) and Instagram (@jjeffrose) My Courses: Passive 1k Income Accelerator 10x Goals…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 194 - I Have My Baby Back 15:02

منذ 3 years15:02

15:02

What’s going on GFC Fam and Wealth Hacker Nation! Wanted to give everyone an update on what has been going on with the Podcast, the Blog, and the YouTube Channel. You may have noticed that the episodes have been sporadic in the last couple of months. There have been a lot of things going on in the business over these months. A big event just happened in my life a few weeks ago. I went to my bank and sent the largest wire I’ve ever sent in my life. I sent this wire to a former business partner. This wasn’t necessarily a horrible thing, just a change. It has been 5 years since I have been a solopreneur, or just me without any partners. It feels so good to have Good Financial Cents to myself again. I feel like I have my baby back! I want to thank you all for being a part of my community and following along with my journey. Stay tuned for some exciting new changes! Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 193 - The Mindset to Become a Successful Real Estate Investor 47:03

منذ 3 years47:03

47:03

"The amount of money you helped us save on that deal alone — paid for coaching." - Charles Rose, Jr. When you see someone that has achieved a certain level of success that seems improbable - how often do you hear ‘They just got lucky.” I’m here to tell you luck only finds you if you are willing to take risks. Today we get to hear one of those heart-felt stories of someone that wasn’t willing to take no for an answer. They were willing to take risks. 06:22 Who is Charles Rose? 09:45 Living paycheck to paycheck 12:25 Seeking mentorship 16:50 What was the ‘wake up call’ moment for you? 21:15 At what point in your journey did you write your book? 25:54 Are there any experiences that didn’t work out, but led you to where you are now? 32:04 How difficult was it for you to reach the point where you hired a coach? 39:10 Tell us about the benefits you realized with your coaching experience. 42:35 How much of your time, energy, and focus is on real estate? Resources: Master Passive Income | https://masterpassiveincome.com/ Text WEALTH to 55444 for FREE real estate course. (Find Charles @ CharlesRoseJr on all social media platforms) Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 192 - The Crypto Market Just Blew Up 18:44

منذ 3 years18:44

18:44

Can you imagine having a net worth of over 26 Billion Dollars??? Then having your entire net worth disappear overnight…. This is what happened to thousands of people, including me. I am really getting tired of making this type of Podcast. (I recently did a similar one on Celsius Network). 02:30 Not your keys, not your wallet 05:13 No regulation, no FDIC insurance 06:12 Another crypto catastrophe 10:45 BlockFi Announcement 13:25 Don’t forget fraud Resources: https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 191 - My Fundrise Portfolio Returns - 4 Years Later 32:09

منذ 3 years32:09

32:09

Where in the world are you supposed to put your money? Interest rates have more than tripled... The Stock Market is down 27% Bitcoin is down 57%…. Where in the world are you supposed to invest your money? You often hear real estate is a good investment, but does it still make sense in this environment with a housing bubble just around the corner? I tucked some money in Fundrise about 4 years ago - I’ve been updating my returns regularly. Since I hit a recent anniversary let’s take a look at the latest returns. 03:00 What is Fundrise 05:20 Tiers and Fees 07:20 Fundrise shows ALL the details 09:45 My Fundrise account 13:10 My returns 16:09 My transactions over 4 years 17:20 Properties in my portfolio 19:19 Fundrise investments vs. other investments 27:10 Does Fundrise make sense for you? Resources: My 4 Year Fundrise Returns – Is Fundrise Worth it ? Fundrise Review - How to Invest in Real Estate Best Fundrise Alternatives: Seven Top Real-Estate Crowdfunding Platforms to Consider Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 190 - He Wanted to Become a Real Estate Investor But Discovered Something Better - Seth Williams Interview 41:38

منذ 3 years41:38

41:38

You often hear 'If you want to build wealth, you must invest into real estate.’ If you’ve done any research, you know there are different types of real estate: Flipping properties Apartment complexes Hard money loans And many more… It can be overwhelming. My guest had a similar experience when trying to invest. Until he found a niche. Let’s see what niche he discovered and a whole lot more. Today’s guest is Seth Williams and he is a real estate investor. 04:14 Who is Seth Williams 06:35 The strategy to buying land 09:44 Did this start as a side hustle? 11:22 How much time was spent between learning and your first ‘deal’? 14:18 Was there a time where you ran into unexpected problems? 19:23 Is information easier to get now vs when you started? 22:53 I am surprised that there are still opportunities where you aren’t competing with others. 24:40 Are there any states where you won’t buy land? 26:25 On average, how many deals do you do per month, per year? 27:35 At what point where you able to leave your day job? 28:26 What year were you able to make a deal that was larger than your full-time annual salary? 31:56 What happened that made you feel safe enough to leave your job? 35:43 When did you feel you wanted to transition to teaching others? 40:00 What is R.E. Tipster? Resources: https://retipster.com/ https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 189 - IRS Just Gave You a 9.75% Increase On Your 401k 10:33

منذ 3 years10:33

10:33

The IRS just released some of the largest increases in retirement plan contribution limits. I’m excited! You should be too. 9.8% increase for 401k’s and 8.3% increase for IRA’s. 01:44 IRA Increases 03:32 Gross Income Limits 05:06 401k Increases 06:25 401k ‘Catch Up’ Resources: https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 188 - My WORST Financial Mistakes Revealed - Over $4.2 Million Lost 32:40

منذ 3 years32:40

32:40

Close your eyes and imagine the richest business person you can think of…. Chances are you probably don’t know them well, all you know about are the successes they’ve had. You don’t know about the failures and the mistakes. I’m here to tell you, things don’t just ‘work out’. I have shared some of my mistakes and failures with you in the past but I wanted to record an update. I want to share some of my biggest investing mistakes that have cost me over $4.2 Million, I hope that it helps prevent it from happening to you. 02:01 Haters on Twitter 06:01 Penny Stock Mishap 09:43 Iraqi Dinar 13:02 Solo 401k Business 19:14 Investing in Sports Cards 22:18 Cryptocurrency Investments 27:09 Bad Business Partnership Resources: https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 187 - After Surviving a (nearly fatal) Car Crash He Discovered His Passion - David Molnar Interview 44:54

منذ 3 years44:54

44:54

Could you imagine being 19 years old and getting in a car accident that nearly takes your life? You survive, but you are seriously injured and have to learn how to walk again. Turns out a good friend of mine found himself in this situation and used this as an opportunity to learn a new skill. It started as a hobby and has become his full-time career. 03:32 A photographer, an author, and a mentor 07:12 What led you down the path you are on today? 12:50 At what point did you start generating money? 23:03 Pursue a worthy goal with all you’ve got! 25:58 How do you validate your work and move on to larger projects? 34:12 Walk us through your transition from photographer to mentor 38:45 Share an inspirational story of one of your students. Resources: https://davidmolnar.com/ https://learningtoseebook.com/ https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 186 - Inflation (CPI) Numbers Are Out! - Didn't See That Coming 7:59

منذ 3 years7:59

7:59

Nobody saw that coming! Inflation numbers just came out……what in the world happened? Many of us thought we would see this number go down! Gas prices have been declining, so why didn’t inflation go down? 9.1% - That is what the Consumer Price Index (CPI) is right now. This is a 9.1% increase from June of last year. Hourly wages for workers have fallen 1% during the month and are down 3.6% from a year ago. If feels like we are losing money everywhere! Resources: 5 Best Hedges in the Face of Inflation https://www.goodfinancialcents.com/best-hedges-against-inflation/ https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 185 - Can You Increase Your Credit Score 100 Points (Overnight) - Ask the CFP® 18:01

منذ 3 years18:01

18:01

If you want to watch a movie, you can login to Amazon Prime and click ‘Buy Now’. If you want to read a book, you can download one immediately on Audible. Technology has allowed conveniences at record speeds. Why wouldn’t we expect to build our credit score overnight? Is it really possible? Can we raise our score by 100 points overnight ? This is a question that was posed by a reader, Robert. Robert says he has made some bad choices in the past which has affected his credit. He is working towards paying off credit cards and other debt to improve his bad credit score but wants to know if there is anything else he can do to raise his score quickly. 04:29 Check your credit score regularly 05:53 Can this happen overnight 07:45 What affects your credit score 11:22 A great example of credit repair Resources: https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 184 - How to Invest in Digital Real Estate (10x Return) 20:54

منذ 3 years20:54

20:54

When most people think about the wealthiest people in the world and the investments they own - real estate is usually on that list. Real estate investing doesn’t always have to be with physical properties. There are different ways and different types of digital real estate investments . I want to dive in and share the details of some of these ways for you. 01:48 Digital Real Estate 07:40 Niche Sites v Authority Sites 10:02 Buying and Selling Websites 14:43 Building an eCommerce Store 16:30 Digital Products Resources: https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 183 - 4 Expert Inflation Protection Strategies To Implement Now 15:23

منذ 3 years15:23

15:23

Inflation…Inflation…Inflation It is still all over the news! With good reason, in May we saw the consumer price index increase by 8.6% over the last year. This is the highest increase since 1981. How do you protect yourself from inflation? I am going to share 4 expert strategies to help you protect yourself from inflation. 02:50 Stocks in companies providing basic supplies 04:15 Dividend stocks 08:13 Commodity Stocks 10:21 Government Bonds Resources: 4 Expert Inflation Protection Strategies To Implement Now https://www.forbes.com/sites/jrose/2022/05/26/4-expert-inflation-protection-strategies-to-implement-now/?sh=1ce33c26639d https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 182 - 4 Best Investment Strategies (You Can Start Today) 16:34

منذ 3 years16:34

16:34

Choices….choices…choices. I like variety and the option to choose. Sometimes we can have too many choices and end up with analysis paralysis. There are many types of investments strategies you could choose. Today I am going to narrow that down to 4 - to help you avoid analysis paralysis. So what are the basic investment strategies for beginners , that you can implement on your own, that we are talking about? 02:54 Value investing 05:07 Growth investing 09:11 Momentum investing 11:47 Dollar cost averaging Resources: Best Investment Apps Best High Yield Investments Best Long-term Investments https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 181 - Happy 4th of July! 2:09

منذ 3 years2:09

2:09

Happy 4th of July! Freedom we have as a Country! Freedom we have as individuals! Freedom of Choice! Freedom of Expression! Freedom to listen to this Podcast :) Thank you for being a part of the Good Financial Cents community. What else can I do to help? What types of content would you like to see? Is there anything I can share that will help you reach your financial goals? References: https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 180 - Can You Own Multiple Roth IRAs? (Ask the CFP®) 15:02

منذ 3 years15:02

15:02

If one is good - three has to be better! We are talking about the Roth IRA, specifically: ‘ Can you have more than one Roth IRA account ?’ This is not a question from a reader but rather a question that I get A LOT. The short answer is YES. I want to give you a bit more information on why you would want multiple accounts, how to set them up, how you could manage them, and much more. 02:17 Can you have multiple Roth IRAs? 03:20 Rules and Contribution Limits 06:34 How do you set up multiples accounts 09:25 Why use multiple brokerage companies References Roth IRA Rules and Contribution Limits for 2023 https://www.goodfinancialcents.com/roth-ira-rules-contribution-limits/ https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 179 - What Happens to Your 401k When You Die? 16:38

منذ 3 years16:38

16:38

It is not too often that you associate a 401k with a really sad story. This wasn’t one of my clients but I remember reading about it. The story is about a young man that was working at a grain mill or maybe on a farm. He was in his early 20’s and recently married. He had a 401k plan and at his young age had already saved a large chunk of money. Shortly after getting married he was involved in a freak accident at work and died. He had named his parents as his beneficiary for his 401k and didn’t get around to changing this to his wife before he died. You would assume the parents would give that money to the surviving daughter-in-law, they did not give her a penny of the money. This could have been avoided if the beneficiary form had been updated. So, what happens to your 401k when you die? Do you need to change your beneficiary? Reevaluate your investments? Update any other information? It only takes a few minutes to make these updates. Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 178 - From Beginner Investor to Multi-Millionaire - Learn the Basics of Investing 21:12

منذ 3 years21:12

21:12

Do you remember the first time you tried something that was scary? How did that work out? I’m sure there were lots of emotions around that experience. If you are a ‘beginner’ at anything it can be a scary thing. Today I want to share some of the basics of investing. This may help to ease the fears or anxiety around investing for beginners. The 6 most important reasons for investing: 1. Building long-term wealth 2. Preparing for retirement 3. Meeting shorter-term goals 4. Minimizing the need for credit 5. Having money to pass on to your kids 6. Strategy for dealing with inflation Resources: Investing for Beginners: Learn the Basics of Investing in 2022: https://www.goodfinancialcents.com/investing-for-beginners/ How to Invest: https://www.goodfinancialcents.com/how-to-invest/ How to Invest in Index Funds: https://www.goodfinancialcents.com/how-to-invest-index-funds/ How to Invest in Stocks: https://www.goodfinancialcents.com/how-to-begin-investing-in-stocks/ Investing for Dummies: https://www.goodfinancialcents.com/guide-to-basic-investing/ Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 177 - How Much Taxes Do You Pay on Passive Income? (Ask the CFP®) 16:34

منذ 3 years16:34

16:34

We all love the idea of making money while we sleep . Regardless of how or when you make money - the IRS is going to want their cut. I am answering a reader question today. The question is ‘ How is passive income taxed .’ Let’s dive in and talk about passive income. 02:01 What is passive income 04:59 True passive income sources 05:53 Semi-passive income sources 06:33 Material participation and/or activity Resources 28 Passive Income Ideas To Build Real Wealth Best Passive Income Apps Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 176 - Making Moves in Crypto - Celsius Network and BlockFi Update 12:36

منذ 3 years12:36

12:36

What’s going on with Crypto? Wanted to hop in today and give you a bit of an update on Celsius Network and talk a little about BlockFi. For a little context, at the time of this recording 6/20/22 Bitcoin is trading at $20,341. It did drop over the weekend down in the $17k range. It is nice to see it moving back up. Now let’s get into what is happening with Celsius and with BlockFi 02:43 Update on Celsius Network 07:08 Update on BlockFi 09:15 What I am doing with my Cryptocurrency 10:40 What happens when you set up your own ledger Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 175 - Roth IRA for Kids - Turning Your Children into Future Millionaires 17:15

منذ 3 years17:15

17:15

What is the easiest, greatest way to set your kids up to be a millionaire Today I am answering a question that I have received many times, in many different ways. This discussion is specifically for parents who want to set up a Roth IRA for their children. 02:20 Why is this such a great gift? 04:25 Roth IRA Rules (for kids) 06:35 How do you set up a Roth IRA for kids? 09:06 Who owns the custodial account? 11:48 How does the IRA affect college funding? 12:32 Can multiple children share one Roth IRA account? 13:20 Not every brokerage offers custodial Roth IRAs Resources: https://www.nytimes.com/2022/06/10/business/kids-roth-ira-retirement.html Roth IRA Success Story – How to Get $50,000 Tax-Free Money For Your Kids Roth IRA Rules For Minors. Your Kids Guide to Tax Free Money 5 Best Investments for Roth IRA in 2022 https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 174 - 5 Money Hacks That Will Propel You to Millionaire Status 28:43

منذ 3 years28:43

28:43

Have you ever seen one of those life hack videos where you discover something you didn’t know existed and it blew you away? That is exactly how I felt when I discovered some basic money hacks that allowed me to become a millionaire. I had to learn these money hacks the hard way. Fortunately, you don’t have to because I am going to share them with you. These money hacks will help you save money and build wealth in your financial future. Let’s get started: 03:40 Understanding compound interest 10:02 Set a reminder to check credit report 13:02 Get my rate verified 16:59 Do a savings challenge 21:59 Unsubscribe from retailers Resources: https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 173 - Crypto Just Imploded - And So Did Celsius Network 18:52

منذ 3 years18:52

18:52

What is going on in Crypto? OMG It seems like the Crypto just exploded and I got caught in the aftermath. It has been a crazy few days, starting Sunday evening into Monday morning. Headlines were popping up everywhere. Bitcoin is trading (at the time of this recording) at $22k. The previous high back in March was $47k. So what is going on? 01:58 Celsius Network 03:32 I was invited to the weekly AMA 06:11 Withdrawals from Celsius 08:21 I don’t like it! 11:30 Will the market be affected? 13:22 ‘2000 Super Bowl’ analogy 16:26 The future of Celsius Resources: https://www.goodfinancialcents.com/ask Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 172 - Should You Rollover Your $1 Million Pension Into an IRA? (Ask the CFP®) 19:25

منذ 3 years19:25

19:25

What if you were faced with this difficult decision - You can either get a payout for the rest of your life or you can get a big fat check once? Don’t worry, you don’t have to make this decision alone, that is what I am here for! I received this question from a reader, Jared: ‘I have worked with my company for over 27 years this Spring. I am one of the lucky ones that have been given a very generous pension and a 401k plan.’ …. ‘My pension should be more than enough to take care of my wife and I. I am almost 60 and I have the option to roll my pension over into an IRA.’ ‘Should I roll my pension to an IRA or leave as is?’ 04:28 IRA rollover options 06:54 Annuitizing your pension 08:01 Borrowing against an IRA 09:08 Pension payout options 10:51 Tax Liability 12:49 Working with a professional Resources: Pension Benefit Guaranty Corporation: https://www.pbgc.gov/ CFP Board: https://www.cfp.net/ https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 171 - How to Invest $100 and Grow it to $1,000 (or more) 22:14

منذ 3 years22:14

22:14

In Episode #169 we talked about how we can flip $100 and turn it into $1,000 or more. In this episode we are going to talk about how we can take $100 and start building real wealth. You can grow this $100 into $1,000, $10,000 or $1,000,000. Here are 10 ways you can start investing $100 today: 02:44 - 1. Rounding up your savings. 04:47 - 2. Dabbling in fractional shares 06:24 - 3. Investing in real estate 09:31 - 4. Cryptocurrency 11:07 - 5. Index Funds (w/Betterment) 12:21 - 6. M1 Finance 14:16 - 7. Enrolling in a Course 16:55 - 8. Open a Roth IRA 18:06 - 9. Worthy Bonds 19:44 - 10. High-Yield Savings Resources: https://wealthhackerlabs.com/ask/ 7 Ways to Invest $100 What Happened With My $1,000 Fundrise Investment (3 Years Later) Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 170 - From Tinkerer to 4X Unicorn Founder - Interview with Celsius Network CEO Alex Mashinsky 41:29

منذ 3 years41:29

41:29

So what do you do when you start a company, grow it, and sell it for millions? You do it again, and again…… Then you go out and start a new company that disrupts the Crypto World. I got to interview Alex Mashinsky, CEO of Celsius Network. I am a huge fan of Celsius network, and have other videos where I share my experience, but this interview is all about Alex’s story. 01:06 Where it all started 07:08 From an early age you were a ‘tinkerer’ 09:15 Wireless service in the NY Subway 13:20 VOIP - it’s a big deal! 18:56 Was creating Celsius the next logical step for you? 22:42 How did you want to stand out from other crypto networks? 27:08 Free swaps are an awesome benefit. 29:15 Why are you so passionate about the weekly ‘Ask Alex’ sessions? 33:45 Why is it important to you to publicly share your failed ventures? Resources: Celsius Network | Earning Passive Income Through Cryptocurrency [Step-by-Step Guide] https://youtu.be/geVvCl4tUxM Celsius Network Loans Walk-Thru (USING LEVERAGE TO BUILD WEALTH) https://youtu.be/BUJ6EjLPCC0 Buying Bitcoin - How to Transfer From Fidelity ➡️ Celsius Network (ask the CFP®) https://youtu.be/tij7cHaUqgU https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 169 - How to Flip $100 (and turn it into $1,000) 20:24

منذ 3 years20:24

20:24

It was once said that if Bill Gates were to stop and pick up a $100 bill off the ground - he would actually be losing money. That is how rich he is. If I saw $100 bill on the ground, I would definitely stop and pick it up, I’m sure you would too. A lot of people think that when it comes to investing $100 will not have any impact, it’s just not enough money to make a difference. Today, I want to change that opinion. I want to show you have you can take $100 and flip it into $1,000. What if you were to invest $100 every single month? 02:43 The power of compounding interest 04:01 Consistency and discipline are key 06:33 How to make quick profits 10:12 Flipping garage sale and flea market items 14:47 Flipping sneakers 18:13 Flipping sports cards Resources: 7 Ways to Invest $100 Best Items for Garage Sale Flipping for Fun and Profit Investing Essentials for Beginners & Intermediates https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 168 - The Best Robo-Advisor Investment - M1 Finance vs Betterment 21:24

منذ 3 years21:24

21:24

It is time for a Robo-Advisor Throwdown! We are looking at two heavyweights: M1 Finance v Betterment. I think these platforms are the two best options for beginners. Anyone that is ready to start investing but isn’t sure how - one of these tools are best for you. 01:27 Why am I comparing these two platforms? 02:30 Platform information and stats 07:08 Account types offered by each platform 15:14 The fees involved 16:20 Additional features for each platform 18:59 Which platform do I declare the winner? Resources: https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 167 - Help! My Inherited IRA is Losing Money Ask the (CFP®) 16:25

منذ 3 years16:25

16:25

If you have inherited an IRA lately you are probably pulling your hair out trying to understand the rules. If you are trying to make sense of the rules on your own, you are probably exhausted. We have a reader question asking this very thing. Let’s take a look at that question from Chris: “I have an inherited IRA and it is currently managed by one of the few investment companies that accepted these accounts. It is losing money and need advice of self managing this account. What is the best strategy and investment for this to protect the assets from inflation and an unstable market?” There are a few different things going on here. 02:47 Rules for inherited IRA and 401k accounts 04:15 Benefits of an inherited acount 09:15 Which investment firms will manage inherited accounts? 11:22 Protecting yourself from inflation 13:37 Understanding the strategy of your IRA Resources: https://wealthhackerlabs.com/ask/ 5 Best Hedges in the face of Inflation 7 Best Inflation Hedges (protect your money). - YouTube Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 166 - The Stock Market is Crashing - What Should You Do? 13:53

منذ 3 years13:53

13:53

Are we in a bear market? Is the stock market going to crash? What do you need to do with your money? I wanted to have a quick discussion about the market and all the fear and uncertainty swirling around out there. When the fear sets in and our emotions take over, we lose sight of what we are trying to do. Our last bear market was only 33 days, it barely affected anyone, so I understand why so many people aren’t sure what is going to happen. Before that, going back to 2008-2009 (when many of you started investing) you have had a really long Bull market, so you are not used to seeing red. At that time the ‘all time’ high was 14,164. Right now, our ‘all time’ high is 36,952 - that’s more than two times of the all time high back in 2008-2009. I can’t predict exactly what will happen but I can say that many that panicked back in 2008 and sold, or held in cash, lost out. They lost out on the longest bull market and the best growth we’ve had in a really long time. Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 165 - I’m a Muti-Millionaire Who Struggles with Anxiety and Depression 34:28

منذ 3 years34:28

34:28

I had planned to record something different today but I just wasn’t feeling it. Instead I wanted to take a few minutes to talk to you about a tweet I put out recently. I’ve recorded a video in the past that alluded to the shame that I sometimes feel. My approach has always been to share some of the mistakes that I’ve made in the past in the hopes that someone out there listening can learn from them as I have. This is what I tweeted: I am a multi-millionaire and I have struggled with anxiety, rage, toxic shame, depression, and suicidal thoughts. Here’s my story. First, let me say how much shame I have had to let go of to admit my struggles. All my life I’ve considered myself successful so when depression hit me and I couldn’t out work it, the despair only compounded. If you are dealing with depression, don’t try to do it alone. What I’ve learned is that all the money and possessions in the world mean nothing if you are empty on the inside. I learned that how each individual deals with trauma is what shapes who you are. The trauma I faced as a child started when my parents got a divorce. I didn’t acknowledge this as trauma when I was a child. After the divorce I moved and lived with my father. As an adult, I realize how much I craved having a mom. I only got to see my mom in the summer and holidays. I realized that I never let myself acknowledge fear. Instead I felt shame and depression and it would spiral from there. It was a constant loop of anxiety, shame, panic and depression. Resources: https://twitter.com/jjeffrose/status/1527014274698252289 https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 164 - The Best Robo-Advisor Platform? Betterment Review 29:14

منذ 3 years29:14

29:14

You know that you need to invest in the stock market but you’re not really sure how. You don’t trust yourself to build your own portfolio. The good news, there are investment platforms out there to help you. It is crazy how easy it is to start investing with a robo-advisor platform. Let’s talk about one of those platforms, Betterment, and the tools and services they offer. 03:39 What is Betterment 06:32 Pricing tiers 09:38 Accounts you can open 13:46 Is Betterment right for me? 16:50 Having access to a team 20:37 Behind the scenes of a Betterment account Resources: Betterment Investing Review: Make Investing Automatic Betterment Checking: A Detailed Review The Best Online Brokerage Accounts: For Beginners To Experienced Investors Betterment vs. Wealthfront Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 163 - My Controversial Tweet - Poor vs Wealthy 15:17

منذ 3 years15:17

15:17

Poor people consume, wealthy people create. This was a tweet I put out earlier this month. The response was NOT favorable. I can elaborate on this and I want to share some of the responses from this tweet. I tell my kids all the time to be careful with social media because things can be taken out of context. That is what happened to me. There were som many responses from people who: Questioned my faith Told me I was a piece of %$#@ This was a tweet from another CFP “Terrible take - anyone who has spent meaningful time with the materially poor sees how much hard work and creativity it takes to survive. The wealthy just have the luxury of being able to apply their creative energy to longer term things because they have their basic. Needs met.” I decided to elaborate on my tweet so I added: ‘Poor isn’t all about monetary status or position, it all about how you approach your day. Are you stuck in your own head and your own struggles? Do you constantly find blame for your shortcomings on others? If you are around these people, and they come from all walks of life, I have been surrounded by rich people that are bankrupt on the inside. They constantly search for outwardly possessions to fill a void. They never will. Wealthy people understand the word contentment. They breathe it, they live it, they also understand there is more to life than them. Because of that they create opportunities. Could it be jobs? Yes. But more importantly they create space for others to thrive. They listen, they give empathy, they generally want to help without strings attached. That was the core meaning behind what I was referring to. People with a broke mindset are toxic. They constantly complain, they are never happy with anything. They also blame others for their shortcomings. That was the context behind my tweet. Resources: https://twitter.com/jjeffrose/status/1525157847394295810 https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

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Ep. 162 - Roth IRA vs Roth 401k - Which One is The Best? (Ask the CFP®) 21:27

منذ 3 years21:27

21:27

Decisions, decisions. Sometimes we are faced with difficult decisions, they may both be good choices, but we have to pick one. Today we are talking about the Roth IRA as I answer a reader question. This question come from Carlos: “I just started a new job after a lengthy stretch of being unemployed. My last job had a 401k but I was excited when I found out my new job offers a Roth 401k. I already have a Roth IRA - thanks to you! - but I’m not sure which one to do. I wish I could do both but financialy I can’t afford it. If I had to pick one which one would it be - Roth IRA or Roth 401k?” If you have access to a 401k, your employer has the ability to add the Roth 401k provision. If they do n to have the Roth provision yet, you could talk to HR to see if they are willing to add the provision. 00:00 Intro 04:35 Similarities of Roth IRA and Roth 401k 07:43 Early withdrawal restrictions 09:12 Key differences of Roth IRA vs Roth 401k 12:24 Loan provisions 15:21 You are in charge of your investments 19:02 Is that your final answer? Resources: The Ultimate Roth IRA Conversion Guide – Everything You Need to Know 401k Contribution Limits for 2022 The Traditional IRA vs. the 401(k) Plan – Which Plan Wins? Roth IRA Rules and Contribution Limits for 2022 https://wealthhackerlabs.com/ask/ Check out my YouTube channel here. Follow me on Twitter and Instagram .…

The Good Financial Cents Show w/ Jeff Rose, CFP®

1
Ep. 161 - Is a Bear Market Here? 10 Key Stats You Need to Know 18:47

منذ 3 years18:47

18:47

The headlines are already pouring in…’Dow falls more than 200 points….hits new 2022 low! The media/news are all about selling you fear. They want you to panic. I don’t want you to panic. I want you to be aware, but not panic. Let’s address the 10 things you need to know about a Bear Market. 00:00 Intro 04:04 We are approaching ‘Bear Market’ territory 05:55 Watch for the 20% 06:42 Stocks lose 36% on average in a bear market 08:56 Bear markets are normal 09:48 Bear markets tend to be short-lived 10:35 Every 3.6 years 12:21 Bear markets have been less frequent since WWII 12:47 Half of the S&P500 Index’s strongest days in the last 20 years occurred during a bear market 14:37 A bear market doesn’t necessarily indicate an economic recession 15:08 Assuming a 50-year investment horizon, you can expect to live through about 14 bear markets 15:38 Bear markets can be painful, but overall, markets are positive a majority of the time Resources: https://www.hartfordfunds.com/dam/en/docs/pub/whitepapers/CCWP045.pdf Recession Proof: How to Prepare for the Next Recession Top 10 WORST Stock Market Crashes in History How the Stock Market Works Check out my YouTube channel here. Follow me on Twitter and Instagram .…

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The Good Financial Cents Show w/ Jeff Rose, CFP® « » Ep. 180 - Can You Own Multiple Roth IRAs? (Ask the CFP®)

Ep. 180 - Can You Own Multiple Roth IRAs? (Ask the CFP®)

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The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

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The Let Them Theory: A Life-Changing Tool That Millions of People Can't Stop Talking About

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The Good Financial Cents Show w/ Jeff Rose, CFP® « »
Ep. 180 - Can You Own Multiple Roth IRAs? (Ask the CFP®)