Dads Daughters and Dollars

When it comes to capital gains you'd rather be, rather be long term not short term. (Dear Olivia Rodrigo: We apologize.)

My dad talks about the time he had to replenish his emergency savings by dipping into his investments. Silver lining: I met Selena Gomez. Shoutout mom!

The IRS is playing hard to get; they'll never call. They're old school and send letters. That and other scams you should beware of in the future.  Here is the link to the TEDTalk my dad referenced: https://www.ted.com/talks/james_veitch_this_is_what_happens_when_you_reply_to_spam_email?language=en#t-12576

We open up the journal again to discuss some of my dad's favorite tips of financial advice. This time? Why indexing works, how power percentages are a good measure of your financial health and another fun fact about the power of compounding. Here is the link my dad mentioned in the podcast: https://www.youtube.com/watch?v=I-cl__IRjYA

We talk with Katelyn's great friend and my dad goes crazy over his saving habits! (Crazy in a good way — don't worry.)

I ask my dad some questions about saving growing up and all the obstacles he went through to save as much as he could. 

I put my dad on the spot with some of his past financial journals to see what new things we can rediscover together. We also jam out a little.

We talk about what it takes to become a millionaire when you retire — it's easier and more realistic than you might think. My Dad also gives us his best rendition of Lady Gaga.  The link to the calculator mentioned in this podcast can be found here: https://investinganswers.com/calculators/saving/million-dollar-savings-calculator-how-much-do-i-need-save-become-millionaire-3677

We talk about the differences between a W-4, a W-2 and a 1099 form.  How to fill out a W-4 form. https://www.nerdwallet.com/article/taxes/how-to-fill-out-form-w4-guide What a W-2 form used for. https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5 How form 1099 works. https://www.nerdwallet.com/article/taxes/what-is-1099-tax-form

My dad and I discuss the benefits of recasting and why it's something you should consider if you have a mortgage. No matter the circumstances, learn if recasting is for you!

Shorting stocks, Robinhood, GameStop, and... collusion?! We discuss the situation and breakdown what it all really means. 

No MBA? No problem! My dad talks about why you might be better off investing independently than with a money manager or financial institution. 

Believe it or not! My dad makes the argument for why Lizzo's song might argue against investing in BitCoin — it's a stretch. I know. But I love him anyways! We deliberate about the pros and cons of cryptocurrencies. 

We talk about market timing and why you should never do it. We'll show you to historical data that proves it. Even economists get it wrong the majority of the time!  Here's a link to my dad's over the top enthusiasm tool. http://www.moneychimp.com/calculator/compound_interest_calculator.htm

I bet your dad is cool, but does he know as much about insurance as he does Lizzo? We run through the most important pieces of advice he can give since I graduated from college.

All the reasons why you should never buy rental car insurance. In this case, credit card companies can be your friend!

We discuss what you should do when you first get your paycheck. 

Warren Buffet, Rick Ferri and Jack Bogle school my Dad. How wise words made my Dad a smarter investor. 

When was the last time you wrote a check? We discuss why my dad is for keeping a checkbook register and why I'm against it. 

I turn the tables again to interview my dad about home insurance. It's a bit daunting to think about as a twenty-three-year-old. Listen in on the questions I ask so you can get the CLUEs you need to cover your home. https://www.insurance.wa.gov/clue-comprehensive-loss-underwriting-exchange

Listen in to find out why zip codes matter for buying car insurance and debunking the headache that is car insurance. 

Learn about the amazing bet Warren Buffett made about Index Funds and why it paid off. Listen in on how you can use this advice to be successful.  https://www.cnbc.com/2018/01/03/why-warren-buffett-says-index-funds-are-the-best-investment.html

How Jack Bogle's advice could make you very well off.  In this episode, we look at index funds and why they need to be part of your financial plan. We link to a must-have book, interview, and article about the great Jack Bogle.   https://www.smh.com.au/business/markets/he-should-be-a-billionaire-but-jack-bogle-chose-to-make-others-richer-20190119-p50sd8.html https://www.youtube...

Can you really watch everything on every streaming service? Learn about the rule of 173 and 1212 and why you need to know them when making financial decisions. 

I switch the tables and interview my dad about his investing background and choices when it comes to mutual funds and what he thinks about stocks. Turns out my own funds need some help! Tune in to find out.