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Why Kevin O'Leary, Suze Orman, David Bach and Linda P. Jones Say New Cars Are a Bad Investment

11/14/2018
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Learn why Kevin O'Leary, Suze Orman, David Bach and Linda P. Jones say buying new cars is a big investing mistake. An article on CNBC.com quotes Kevin O'Leary, Suze Orman, and David Bach about why new cars are bad investments. The article is here: https://www.cnbc.com/2018/11/07/kevin-oleary-suze-orman-david-bach-dont-buy-a-new-car.html?recirc=taboolainternal I've been podcasting about this for years. Look at my other podcasts about cars that last 200,000 miles or more, low maintenance...

Duration:00:11:04

How to Get $1 Million in Your IRA or 401(k)

11/12/2018
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Learn the 5 steps to maximize growth in retirement accounts like IRA's and 401(k)'s. The average 401(k) balance is about $107,000 and the average IRA balance is about $113,000. Million dollar plus accounts are up 41% over a year earlier. It's time to learn how to get your million dollar retirement account. As your wealth mentor, I show you how. Wealth requires knowledge + action. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a...

Duration:00:21:02

Why the First $1 Million is the Hardest to Make

11/9/2018
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Learn why your first million dollars is the hardest to make and how to make it easier. I've always considered mindset an important part of wealth building even though many financial experts ignore it. Wealth requires knowledge + action. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Available on Amazon: http://amzn.to/2Hy9qk4 International buyers (if you live outside of the US) can now get my book at...

Duration:00:17:29

ENCORE: 3 Millionaires' Savings Secrets

11/7/2018
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Learn how 3 millionaires saved money and created a million dollars. Also learn why saving isn't the only thing you need to do to grow your savings into $1 million. Article is here: https://www.cnbc.com/2017/03/21/3-self-made-millionaires-share-their-no-1-money-saving-trick.html Wealth requires knowledge + action. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Available on Amazon:...

Duration:00:10:18

New Contribution Limits for 401k's and IRA's in 2019

11/5/2018
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Learn what the new 401k and IRA contribution maximums are for 2019 and why you want to max out these accounts. Our sponsor today is LinkedIn. To redeem a free $100 ad credit, go to https://linkedin.com/WEALTHY That's LinkedIn.com/WEALTHY. Terms and conditions apply. The article is here: https://www.marketwatch.com/story/you-can-contribute-more-to-your-401k-and-ira-in-2019-2018-11-01 Wealth requires knowledge + action. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like...

Duration:00:18:24

Why Spending Investment Principal is a Huge Mistake

11/2/2018
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Learn why spending principal can be a huge mistake for wealth building. A nestegg of $40,000 invested at 10% for 35 years, would grow to $1,124,097...or you can have a new kitchen. Which would you rather have? Saving a nestegg is Step 2 of the Six Steps to Wealth. Keep the investing momentum going and keep your investment funds separate from your spending. Congratulations and thank you - we crossed 107,000 downloads last month, the first time we have exceeded 100,000 in one month. We are...

Duration:00:08:21

What Does High Consumer Confidence Mean?

10/31/2018
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Learn what consumer confidence reports mean, how they are calculated, and what it might portend for the economy in 2019. The first article is here: https://www.journal-news.com/news/consumer-confidence-hits-year-high-just-time-for-holiday-shopping/AWGGaH4Pd8iZE5hvQo4huK/ The second article is here: https://data.oecd.org/leadind/consumer-confidence-index-cci.htm The third article is here: ...

Duration:00:12:44

What Caused the Stock Market Volatility in October 2018?

10/29/2018
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Learn why the stock market has been extra volatile and what the outlook is going forward. Our sponsor today is LinkedIn. To redeem a free $100 ad credit, go to https://linkedin.com/WEALTHY. That's LinkedIn.com/WEALTHY. Terms and conditions apply. There are many reasons experts think the stock market has been volatile, but there is one in particular that I attribute it to. We will look at the indicators and see what happens next. Is the worst behind us? The article is here:...

Duration:00:16:26

Why I Disagree With Mark Cuban About What to Do With Your Lottery Winnings

10/26/2018
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475: Learn why Mark Cuban's advice to put all of your winnings in the bank is the wrong move and what you should do. This is Part 3 of my Lottery series of podcasts. Part 2 received HUGE downloads, so thank you! The article is here: https://www.cnbc.com/2018/10/24/mark-cuban-to-lottery-winners-dont-invest-the-money.html?recirc=taboolainternal I disagree with putting it all in the bank, because FDIC coverage is limited to $250,000 per bank, per depositor. The bank does not always have a...

Duration:00:14:52

Why the $1.5 Billion Lottery Jackpot Isn't As Big As You Think It Is

10/24/2018
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Learn how much you really net after taxes, why the lottery is overrated, and how you can create your own abundance and prosperity. There was one lucky winner of the $1.5 billion lottery jackpot. How much will the check really be for, after state and federal taxes? This is part 2 of my lottery podcasts. If you haven't listened to podcast #473, I suggest you listen to it too. The article is here:...

Duration:00:16:54

Why You Don't Have to Win a $1.6 Billion Lottery Jackpot to Be Rich & Happy

10/22/2018
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Learn why winning the lottery jackpot isn't necessary for you to have financial freedom or be happy. There is a happiness satiation point, usually around a $105,000 annual income, according to research (see podcast #414). More money doesn't make you happier, but spending does give you a temporary high. The endorphins only last a few days, requiring you to continue spending to keep the endorphins flowing. This can end badly and has for many lottery winners. Instead, take control of your...

Duration:00:14:42

Why You Should Hold During Stock Market Meltdowns

10/19/2018
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Learn why selling can be a huge mistake, how a few days can make a huge difference and how to reduce risk. The link to my Forbes.com article is here: https://www.forbes.com/sites/nextavenue/2018/10/16/what-to-do-after-a-stock-market-crash/#59fc579f77df Wealth requires knowledge + action. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at...

Duration:00:18:15

How to Be Savvy With Debt

10/17/2018
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Learn how other people's money (OPM) and the smart use of debt can build your wealth. Not all debt is inherently bad! Why is mortgage debt triggering people? Mortgage rates are only 5% for 30 years and are partially tax-deductible. Credit cards with high interest rates are the real culprit! Don't use debt for depreciating assets. Mortgages can be great forced savings plans because the debt will become equity. In this podcast I help you think through why you may want to set up a...

Duration:00:16:51

Preparing for the Next Stock Market Crisis

10/15/2018
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Learn how bubbles and cycles were discovered and how to use them to become a better investor. A photo of the graph is on my website at http://lindapjones.com/podcasts, episode #470. Wealth requires knowledge + action. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at...

Duration:00:18:25

ENCORE: Why Saving Money Can Make You Rich

10/12/2018
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Learn why saving money is so important to wealth building. Wealth requires knowledge + action. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at http://lindapjones.com/podcasts Please subscribe, rate and review the show. Today's sponsor is Audible - Get your first audiobook for FREE...

Duration:00:08:41

Are Higher Interest Rates Going to Slow the Real Estate Market?

10/10/2018
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Learn about interest rates, home prices and building stock trends. The article is here: https://www.cnbc.com/2018/10/09/mortgage-rates-jump-past-5percent-signaling-more-home-price-cuts-ahead.html Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Now available on Amazon here: http://amzn.to/2Hy9qk4 Join me on Instagram.com/lindapjones. All podcasts are available here:...

Duration:00:12:15

Fund Performance Through September 30, 2018

10/8/2018
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Learn what the best performing U.S. Diversified Stock and Overseas Stock categories are YTD from Lipper Inc. via Investor's Business Daily. The link to the chart is here: http://lindapjones.com/fund-performance-september-30-2018 Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Now available on Amazon here: http://amzn.to/2Hy9qk4 Join me on Instagram.com/lindapjones. All podcasts...

Duration:00:09:27

Review of the Stash App

10/5/2018
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Learn what the pros and cons are about the Stash app. I want to stop here for a moment and talk about your health, because what good is wealth if you’re not healthy? Good health is an important asset! That’s why I want to tell you about Care/of. Care/of delivers your vitamins right to your door in personalized, easy to remember daily packs - perfect for a busy, on-the-go lifestyle. It’s personalized for your needs because Care/of’s online quiz asks you about your diet, health goals,...

Duration:00:15:32

What Are Public Service Loan Forgiveness Programs?

10/3/2018
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Learn about public service loan forgiveness programs and what you need to do to qualify. Less than 1% of people are qualifying for these programs. Learn what you need to qualify and how one woman had $50,000 of debt forgiven using them. The article is here: https://www.cnbc.com/2018/10/02/tips-from-one-of-the-first-public-servants-to-get-their-student-loans-erased.html Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6...

Duration:00:08:47

What is Dollar Cost Averaging?

10/1/2018
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Learn how dollar-cost-averaging allows you to invest in the stock market at highs and lows. Dollar-cost-averaging helps take advantage of lower prices automatically, but financial advisors may argue that it's best to invest all at once. What do I recommend and why? Wealth requires knowledge + action. Get the book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Now available on Amazon here: http://amzn.to/2Hy9qk4 Join me on...

Duration:00:12:46