Dollars and Hops

We’re back!!!  Today going to do a deep dive into Bitcoin ETFs Money Hack of the Week: Cancel unused subscriptions. Go to settings on iphone, click your name, tap subscriptions to review active subs Amazon: Accounts and lists: Other subscriptions  Check your credit card statements Main Topic: The Bitcoin ETF What is it? A way to buy into BITCOIN without opening a crypto wallet. Nice thing about an...

Money Hack of the Week: Diversify your assets Is your net worth all in stocks?  All in real estate? All in your company’s stock?  Do you own bonds?  If you’re all in stocks - do you own all US based investments or do you also have international investments? Take a hard look at your net worth - see if it may make sense to diversify your assets a bit.   While we love real estate, I don’t have all of...

Money Hack of the Week: Automate savings and investments Did you know most millionaires automate savings and investments? Did you know you can set up multiple direct deposit accounts with your employer to “force savings” for yourself? You can also have multiple savings accounts with companies like ally bank and set up automatic transfers on a weekly/monthly basis  Main Topic Getting out of debt!  ...

Money Hack of the Week: Sim Swapping https://clark.com/cell-phones/sim-card-swapping/ SIM swapping, or a SIM swap scam, happens when a crook is able to take control of the personal information stored on your SIM card by using it on another phone. According to the Federal Trade Commission (FTC), a successful SIM swap can occur if a scammer impersonates you and contacts your phone service provider w...

Money Hack of the Week: 30 Day financial audit / challenge - put in spreadsheet/categorize it What type of investor are you? Co-host- someone who is managing someone else’s property and is taking a management fee.  Management fees are typically between 25-35% and you manage marketing, guest communication, cleaners, maintenance, etc…. Great way to have a side hustle that is super flexible in n...

Intro: Lance and I have both dipped our toes into the water when it comes to Airbnb investing.  We are excited to share some tips/tricks we have learned as we have launched our first couple properties.  We will also explore the ROI you can earn by investing in Airbnb and what sort of work it takes to get started with AirBNB Investing. Money Hack of the Week: Turo Turo is the Airbnb for c...

Money Hack of the Week: Libby App - Free audio books and e-books through your existing library subscription - everything is free Main Topic Core principles we live by: Live on less than you make This sounds simple enough, but so many people do not do this.  All of the other things we talk about don’t matter if you’re not following this #1 step.  You MUST free up cash flow by living on le...

*This not official legal or investment advice, and this is for entertainment purposes only.  All investments involve risk.  Do your own research before making any investments for yourself* Money Hack of the Week: Look at your 401k, your old IRA’s, and investment accounts - figure out what funds you’re invested in and look up their expense ratios.  If you are in high-fee funds inside...

Ashley wrote a question for the pod and I decided it was important enough to make a whole show out of this topic.  Question is: My employer is going to be allowing us to invest in digital assets including Bitcoin within my 401k coming soon.  Is it a good idea to be investing in bitcoin within my 401k? Earlier this year-  in May - Fidelity announced that they would be allowing bitcoi...

Money Hack of the Week: Spray and forget: Do you powerwash your house or deck every year? Spray and forget instead of power washing - save time and money Rant - Get upside Main Topic What is house hacking? House hacking is a real estate strategy that can help you live for free or close to free - dramatically decreasing your monthly expenses Great way to start investing career - whether that be in...

Money Hack of the Week: Nest or SMART thermostat - learns your habits - saves on energy bills.  Knows when you’re away, knows when you come home. Main Topic: Tracking your financial health What do I mean when I say financial health? I think of financial health as a measure of how well we’re doing with our money IT’S NOT: Our credit score, how well we pay our bills, etc… IT IS: How much money...

Money Hack of the week: Rakuten - Google chrome extension Get cash back when you shop If you go to a website where there is cash back, it will give you a pop-up letting you know to sign in through their link… get cash back on things you would have purchased anyway. Main Topic FIRE-  Stands for financial independence, retire early. The FIRE retirement movement takes direct aim at the conventio...

Kids And Money Episode Headline of the week: Food prices are on the rise, but you can still save money on groceries. Here are 5 ways how Kids and Money Research has shown that money saving habits and attitudes have likely been formed by the age of 7 Start with the basics: Connection between money and work - Phase 1 Money comes from investments - Phase 2 Pre-School is around the time that children...

Headline of the week: Social Security cash reserves could be cut to 1.35 Trillion in 8 years What is social security: Program signed into law by FDR back in 1935 and is a sort of social welfare program.  It provides cash payments to people who are in any one of three categories: Retired individuals and some family members Disabled individuals and some family members Survivors aged widow(er)s,...

Headline of the week: Half of Americans with retirement accounts have taken an early withdrawal What is inflation? The decline of purchasing power of a currency over time.  So as an example, the way the government measures this is by effectively tracking the cost of certain common everyday items. Currently: Inflation is at about 7% in our economy right now. Economists claim that some of this...

Intro: Today is a winning mindsets episode - we’re going to be discussing some of the concepts taught in a world famous book called Rich Dad Poor Dad by Robert Kiyosaki. Book came out in 1997 - concepts are timeless 25 years later.  He really forces people to think differently about money and Lance and I wanted to discuss some of the concepts taught in this book with you, our listeners today....

Headline of the week: https://www.marketwatch.com/story/should-i-buy-a-bitcoin-etf-heres-what-some-pros-say-you-should-consider-11634839325?mod=article_inline How to protect yourself from the unexpected The topic from this show actually came from a listener (John) who sent us over an article.  Came from CNBC - Headline is just 39% of Americans could pay for a 1,000 emergency expense. The 61%...

Discussion around real estate investing versus mutual fund/index fund investing. Recap of index fund / ETF investing: Opening an account with Schwab/Fidleity/Vanguard Investing in low cost ETF’s/mutual funds Own a piece of many different companies Completely passive - you invest and you don’t have to manage anything at all. On average, you earn roughly 10% per year on the money. Set it and forget...

Take Risks! Continuing on with our Winning Mindsets series.  Today we’re going to be discussing risk taking as it pertains to you and your personal finance journey, your career, and even relationships. Headline of the Week:   Invest in Music- Share in the royalties  - Republic Winning Mindsets: Risk Taking Life is short—yet many of us spend time wondering what we should do with our...

Headline of the week: Will You Really Need Long-Term Care? The Odds Are Higher Than You Might Think Main Topic Why everyone needs a will - A will is what is used to decide where assets transfer to in the event that you pass away….. As the old adage goes, you can’t take them with you! AARP study finds that 6 in 10 adults DO NOT have a will Many people think only rich people need a will, but that’s...

Debating Dave Ramsey Headline of the week: Treasury Secretary Janet Yellen to discuss stablecoins with regulators next week Dave Ramsey discussion - This isn’t us trashing Dave Ramsey Dave has helped LITERALLY MILLIONS of people get out of debt His teachings have helped people get control of their finances Lance and I both enjoy listening to Dave on occasion, Lance actually loves Dave Ramsey and h...

Headline of the week: Robinhood: The $30 Billion Dollar Cockroach of Fintech  Steps to the home buying process: Are you sure you need to buy a home in the first place? Things to consider: Will you be able to stay in the home for 5-7 years minimum? Is your job stable or do you feel like you could possibly move companies/locations in short order? Are you married or single?  If you’re marri...

Headline of the week: Are you a millionaire next door? Story from the Atlanta Journal Constitution - Wes Moss This is an article about what the typical millionaire family actually lives like by studying the book “Millionaire next door” You may be thinking millionaires drive around in porsche/Bentleys, BMW’s, order dinner out every night, but it’s actually quite the opposite. The average millionair...

Headline of the week: The time is now for action on social security Credit Freeze The best way to protect your financial information from criminals.  It 100% prevents others from accessing your credit information.  It also 100% locks down anyone from opening credit in your name. A credit freeze has to be implemented with each of the three credit bureaus (Transunion, Equifax, and Experian...

Intro: On today’s show we’re going to be talking about HSA’s and how they can be used as a useful tool in your financial planning picture.  We will also be talking about what we call the HSA HACK for early retirement or to supplement your retirement income. Headline of the week: Inflation speeds up in April as consumer prices leap 4.2%, fastest since 2008 - CNBC The Consumer Price Index rise...