Be Wealthy & Smart

Learn the characteristics of a successful entrepreneur, why passion isn't enough and what you must do to thrive as an entrepreneur. Just want to mention our sponsor, Jason Hartman of the Creating Wealth Podcast, and it's a MUST listen for anyone who is looking to create additional revenue streams. His show is full of smart stuff and if you like this show, you'll love his too. http://bit.ly/wealthp...

Learn the characteristics of a successful entrepreneur, why passion isn't enough and what you must do to thrive as an entrepreneur. Interview with Jason Myers, Co-founder and CEO of CXO Collective. Just want to mention our sponsor, Jason Hartman of the Creating Wealth Podcast, and it's a MUST listen for anyone who is looking to create additional revenue streams. His show is full of smart stuff and...

Learn how much home equity Americans have, how many Americans own their home free and clear and if it impacts your wealth. Recently a friend told me she'd rather rent than buy a home. Is it still a good idea to own a home? Listen to Be Wealthy &Smart podcast #137: "Should I own a house or rent?" Ever wonder how much equity most people have? According to the Urban Institute, it's a little over $150...

Women in households across the US manage $5 trillion! More than half of women with investible assets of $1 million think their financial advisor doesn't understand them, according to a 2014 study by the Center for Talent Innovation, a NY think tank. A study by National Bureau of Economic Research in 2011 found that FA's ask women fewer questions than men in the initial meeting and 40% are likely t...

Learn why independent researcher Steve St. Angelo of SRSrocco report believes there is a coming shortage of silver. See charts at www.lindapjones.com/srsrocco

Learn why a 30 year mortgage can be better than a 15 year mortgage when investing in real estate. Here is our listener question this week: Hi Linda, You talk about using leverage to purchase rental properties as well as making an extra payment each year to pay down the mortgage quicker.  I have a rental property that currently has a 15 yr note at 4% and we are paying approximately $360 per month o...

Learn what asset is near the top of its cycle and which asset is near the bottom of its cycle. What asset is in a bubble? Bonds - IOU's that pay the investor interest. Interest rates move in 30 year cycles. Near the low in interest rates. It's a process. In Europe, some countries have negative interest rates (NIRP - Negative Interest Rate Policy). Investors pay to own sovereign bonds. Fear of losi...

I went to San Diego a couple of days early and stayed in an Air Bnb for the first time. Moved to a suite at the Westin on Broadway for the mastermind meeting. What is Masterminding? Is it another form of brainstorming? Yes, it's similar. It comes from a term used in the book, Think and Grow Rich. It's when everyone brainstorms and focuses on ideas for one business at a time. It's incredibly powerf...

Learn how much money the average worker has saved in retirement, 3 steps to take if you're behind on saving enough, and why you need to prepare for early retirement even if you don't think you need to. 77% of workers have less than $250,000 saved for retirement. The next largest group has less than $1,000 saved! If you save 1% more of a $50,000 income, then: 4% for 30 years @7% grows to $217,370 5...

Learn reasons Americans don't retire when they want to, how many retire unexpectedly, and how confident they are or aren't about affording a comfortable retirement. About 45% of Americans are retiring earlier than they expected and also 45% are retiring about when they planned. 5% are retiring later than expected. Why people retire earlier than planned: 1. Hardship 60% 2. Able to afford it 35% 3....

Learn about buying your first home, what to look at, and things to avoid so you have a smooth transaction. It starts with having a financial/economic plan for buying a home and do lots of due diligence before buying a home. Get a thorough inspection. Jules also covers documents, title insurance, closing costs, etc. Jules can be reached at his website (along with more information about real estate...

Listener question Friday - Linda, I used to have a self-directed IRA but closed it. Now I'm planning on opening one up again to invest in things, including precious metals. It's saying XX Bullion prefers XX Depository, but will ship your metals to any depository you choose. If it has to go into a depository, what depository would you recommend?

Learn all about our trip to Naxos, Greece aboard a 110 ft. yacht which was televised this week and last on the Bravo TV show, Below Deck Mediterranean. Note: This podcast has NO financial information in it and is just about our trip! We appeared in "Episode 9: Fever pitch" on June 28th. Hear me discuss the crew, eating Ben's cooking, wave runners, the tender to the beach, how Bobby carries us, Ben...

Learn from reinvention expert Pamela Mitchell about how to find your passion, become an entrepreneur and find success. Pamela was called "The Queen of Reinvention" by Fortune magazine. She's a former entertainment exec-turned-coach. Pamela Mitchell is founder and CEO of The Reinvention Institute and host of The LiftOff Project podcast. As the nation's premier expert in reinvention, Pamela has appe...

149: Crazy Surprise! Learn what's going on as I pull the curtain back and let you in on what's happening in my personal life. If you've been listening to me for a while, you know I stick to business and get to the point pretty fast. I want you to get value from my podcasts. Today is a little different because I am letting you in on what's happening behind the scenes in my life. The exciting news i...

Learn why the Brexit leave vote won, what it means for Europe and the US and the impact it will have on investments going forward. 
Brexit is the term for the British exit from the European Union or EU. It voted 52 to 48 to leave. This impacts things like trade tariffs, migration, auto and car regulations. The politicians engaged world leaders, celebrities, and everyone they could to vote to remai...

Learn how to analyze stock performance by checking the 1, 5, and 10 year performance numbers. Research is from FORTUNE magazine, June 15, 2016. Too often investors pick a stock that has only done well for one year. Look at the longer-term, especially 3 and 5 year numbers or 5 and 10 year numbers. I'm sharing numbers from 2015, but my point is to get you to think differently. What companies have do...

Learn what smart moves LeBron has made that are very different from other successful pro athletes, high-paid actors and lottery winners. Congratulations to the Cleveland Cavaliers for winning the 2016 NBA Championship! I've been reading about LeBron James and what a smart businessman he is. I have to agree. 1. He knows a good deal when he sees one. LeBron signed a contract right out of high school...

Today is Listener Question Day! Brian asks: Dear Linda: Thank you for podcast #125, which brought me back as I began to drift into investing outer space. I want to know how earnings forecasts are made; what are they based on? Are earnings forecasts the same as earnings predictions? Are they based on past earnings? Because I didn't think we used a company's historical data when looking at current m...

Learn 7 Signs Why a Recession May Be Looming. 1. Corporate profits are tanking. Corporate profits have been weak since late in 2014 according to JP Morgan economist Michael Feroli. Growth in corporate profits has been negative since Q3 and Q4 of 2015 and flat Q1 of 2016. The three main reasons corporates are under so much pressure are the strong US dollar, collapsing oil prices, and rising wages....

Learn why wealth building requires investing, that frugality is not what is going to make you rich and the steps to move forward. In financial articles, I often hear people say the secret to being financially successful is "spend less than you earn." Spending less than you earn will obviously keep you out of debt, but it won't make you rich. People miss the point. Spending less and earning more ar...

Learn where you're wasting money, what's really causing problems with saving money and 6 ways to have more money at the end of the month. This is listener question Friday. Here is our question for today: Linda, I make a good income but at the end of every month I don't have any money and I can't seem to save money. What can I do? Thank you, Chris Well Chris, this is a common problem. Many American...

Learn the 4 steps to automate your personal finances and the apps and websites to help you. Interview with Jen Turrell from the "Financial Fluency, Speaking the Language of Money" podcast. Here are the 4 steps: 1. Automate bills at your own bank for free. Batch your bills on the 5th and the 20th. 2. Set up a separate bill pay checking account that is attached to autopay bills. Add up all your regu...

Learn how to raise kids that are financially fit and savvy with money. Interview with Shannon McLay from Financially-blonde.com. Tweet: Financial literacy begins in the home. @financially-blonde @lindapjones Here are the 7 steps to raising financially fit kids: 1. Say no. Limit the things you say "yes" to and learn to say "no" more often. 2. When you say "yes", have a budget and constraints. A "ye...

Today is listener question Friday. I received an email about asset allocation and I thought that would be a good topic to podcast about. Asset allocation is how you decide to divide up your equities and fixed income (stocks and bonds) as determined by your risk tolerance in order to minimize risk and maximize return. Think of it like a pie that is cut into varying sized pieces. Each piece of the p...