Dads Daughters and Dollars

After 60 Episodes and many subjects covered I test Katelyn to see what she has retained and learned during our 3 Seasons of 20 Episodes. Take the test along with her and see how you do. And Thank You So Much for staying with us for these past 2 years. We are Unbelievably Grateful and can't wait to share Season 4 with you. 

We discuss how to figure your net worth and where you should be at certain ages to be on track. Reviewing your Net Worth over time can help you determine where you are AND how to get where you want to be. Net Worth Calculator   https://www.harnesswealth.com/net-worth-calculator/ Net Worth By Age Calculator  https://www.youtube.com/watch?v=44ddtR0XDVU Article about net worth   https://www.personalc...

We discuss 4 Budgeting Apps and their pros and cons as Katelyn figures what works best for her.  Here are links for the budgeting apps we discussed.  PocketGuard  https://pocketguard.com/ Personal Capital  https://www.personalcapital.com/ Mint  https://mint.intuit.com/failover/homepage/index.html YNAB  https://www.youneedabudget.com/ And other budgeting apps to consider. Every Dollar  https://www....

My Dad has always said he believes everyone can handle their finances with a little intellectual curiosity. In this Part 1, he reveals two of the people he follows and hopes they inspire you to check out their work. Take 10-15 minutes 3 times a week and educate yourself! The first is Clark Howard, the popular consumer expert and former host of the nationally syndicated show, The Clark Howard Show....

We discuss the pros and cons of trying to do 8 days and 7 nights in Portugal for under $1500. Why the words "Operated By" and "Code Share" give me PTSD and how the people and city of Lisbon are incredibly nice.  Here are links to some of the hacks used during this trip.  Smart Traveler Enrollment Program- Every US citizen should use this when traveling abroad. https://step.state.gov/ Wi Fi Map   h...

CNBC's goal is not to make you money but to sell advertising. If you do one thing to improve your money's performance this year, turn off CNBC. We discuss how most financial media incites fear that you are not doing something now. That you are missing out. When we are fearful, we get emotional and emotions are the enemy of the investor. Research shows over and over the more you trade, the less you...

My Dad tried several online sites when trying to sell an 11yr. old car. He found success in a place he wasn't really looking. Here are the sites that were referenced on the show.  Kelley Blue Book  https://www.kbb.com/ Bid Lane   https://www.bidlane.com/ Car Max   https://www.carmax.com/sell-my-car Carvana  https://www.carvana.com/sell-my-car Tred  https://www.tred.com/ Consumer Reports  https://w...

We talk what a fiduciary is and making sure you have a fiduciary if you hire a financial advisor. Do not miss this information if you are an investor!

Katelyn discusses the stress of looking for an apartment and offers tips to make it less stressful. Here is the Apartment List & Trulia websites that made Katelyn's journey easier. https://www.apartmentlist.com/  https://www.trulia.com/

We discuss 3 more financial websites that will make your life significantly easier. Cost of Living Calculator https://www.bestplaces.net/cost-of-living/ Home Affordability Calculator https://www.cnn.com/2021/02/22/success/house-affordability-calculator/index.html Vehicle Depreciation Calculator https://www.myfico.com/credit-education/financial-calculators/vehicle-depreciation

We discuss the pros and cons of Exchange Traded Funds (ETF) and why my Dad believes in what Jack Bogle says "ETF's are passive funds owned by active investors. And active investing is trading, speculating and losing."

We discuss the FAANG and how it affects our economy and your everyday investments. Don't miss this!

We talk about Travel Secrets from Kiplinger's Magazine and how we are using them. My Dad talks about his recently booked trip to Portugal and how he saved money.  https://www.kiplinger.com/slideshow/spending/t059-s001-secrets-to-save-money-on-travel/index.html

We discuss the websites smartasset.com and moneychimp.com and how they can help anyone figuring whether to rent or buy, estimate property and income taxes, choosing a new bank, calculating capital gains taxes and a multitude of other questions. Their calculators and general info help demystify many a financial question.  www.smartasset.com    www.moneychimp.com

We discuss keeping all your accounts secure. From Brokerage & Bank Accounts to Credit Cards and Password Managers, we cover steps you can take to safeguard your information.  Two Factor Authentication. https://vip.symantec.com/ Credit Card Security Apple Pay https://www.apple.com/apple-pay/ Samsung Pay https://www.samsung.com/us/samsung-pay/ Google Pay https://pay.google.com/gp/w/u/0/home/activity...

We discuss how the rates you pay for travel can be raised based on the fingerprint you leave on your computer. You are being tracked by the computer you use, where you live, the browser you use, the websites you visit, etc. Be informed when you shop online. 

We explain what Bear & Bull Markets are as well as a Market Correction. As a long term investor, you shouldn't lose sleep. 

We discuss the future of Social Security and what might happen to it. My Dad is adamant you don't rely on it as your only means of retirement. Here is the link to figure your full retirement age based on your year of birth. https://www.ssa.gov/benefits/retirement/planner/agereduction.html

We discuss what a stock split is and whether it's a good or bad thing if you own shares in a given company. Do share amounts matter anymore? Find out. 

Katelyn is successful getting a credit line increase. We talk the details of her phone call and I tell her how it affects her credit score. 

We talk about the ways to get a credit limit increase and Katelyn will try to get one as part of this case study. 

My Dad explains what inflation is, why we should expect it and why it isn't necessarily bad for your investments. 

We discuss "The Millionaire Next Door" a book my Dad calls mandatory reading.  There are surprising lessons to take away. They are frugal, drive used cars and live in their homes for really long periods of time. 

We discuss the benefits of having a loan-out company and all the tax benefits that come with it. Also, Happy Anniversary to my parents!  

My Dad gives me 7 reasons why over the long term we can expect the stock market to go up.