Be Wealthy & Smart

Learn how to overcome financial stress, why finances can affect your health, what kind of stress money can cause, and how to overcome health issues related to money. According to the American Psychological Association, 73% of respondents cited money as a significant source of stress in their lives…and for people coping with existing health problems financial and interpersonal stress can exacerbate...

Learn the advantages and disadvantages of renting vs. owning a home, how to decide what's right for you and the ONE thing that should be the deciding factor. Advantages of Home Ownership: Forced savings in the form of equity Tax benefits (interest deduction) In control You own the property Can do what you want to it Benefit from prices rising Disadvantages of Home Ownership: Mortgage interest to p...

Learn how much money you need to invest in stocks. I worked in the mutual fund industry for most of my career. That's where professional money managers manage a pool of stocks, bonds or a combination on behalf of investors. The investor pays a commission or fee or both for it. One of the reasons mutual funds became so popular in the last 50 years, was not only because of professional management, e...

Learn how to choose a Financial Adviser and what questions to ask for investment advice. Interview with best selling author of Rich as a King, Doug Goldstein. Places to check up on Financial Advisers: Finra.org/brokercheck CFP.net Sec.gov/investor/brokers.htm Doug's book: Rich as a King Doug's website: RichAsAKing.com

Learn 2 ways you can make money during a stock and/or bond market decline: inverse ETFs and Puts. Listener question: Hi Linda, I've been listening to you and I'm concerned about the stock and bond markets. How do you recommend I protect my account? Christy There are 2 ways you can make money during a stock and/or bond market decline: Inverse ETF's and Puts. Inverse ETF's are Exchange Traded Funds...

Learn are a few of the important terms you need to know as an investor. 1. What is a stock? Shares in a company. A way to raise capital. It creates wealth. Increases in value if growing earnings. Risk is limited to amount invested. Example of Tory Burch - wants to open boutiques worldwide and sells stock in an IPO - Initial Public Offering - to do it and raise capital for boutiques, inventory, etc...

Learn about billionaire Carl Icahn, how he made his money, what stocks he owns and his outlook on the stock and bond market. Carl Icahn is an 80 year old investor worth $20 billion and one of the 50 wealthiest people in the world. He owns 90% of Icahn Enterprises, an investment fund, the symbol is IEP. He's a shareholder activist, one of the original corporate raiders and greenmailers. That means...

Listener Questions - How to Get a Spouse on the Same Page; Broker/Dealers And now for listener questions... From Jacob: Hi Linda! I just wanted to thank you. I have listened to your first 20 podcasts and I am a believer.  I am a hairstylist, and I give quality service for a dollar store price, and I have been pretty unsuccessful. Your podcasts have been helpful for helping me understand why. I'm d...

First, let's see if you qualify for a Traditonal or Roth IRA. Annual contributions to both accounts are the same in 2016 as in 2015 -- up to $5,500 per person, or $6,500 for individuals who are 50 or older. You may earn too much to fund a Roth, because they're available only to individuals whose modified adjusted gross income doesn't exceed a maximum of $132,000 in 2016. For married couples filing...

Learn 9 things to consider before investing in a crowdfunded company, how small investors can be venture capitalists and the 2 classifications to buy shares. 2 Classifications: 1) $100k of income and $100k of net worth. Can invest up to 10% of lesser of income or net worth, up to $100k maximum. For example, $100k income, $500k net worth, could invest ($500k x 10% = $50k). 2) Under $100k income and...

Listener Questions Christy has 2 questions: Linda, I love your show and I've been binge-listening to old episodes. I've always been really afraid of investing and intimidated byanything related to finances. Your show is shifting my perspectiveand helping me take charge of my future with confidence. Thankyou! I have two questions. 1. What other resources (besides yourshow, and mailing list) would y...

Learn what rewards are available with credit cards, are they worth it, which are best and why it might be something you shouldn't do. Websites mentioned to track points: Mint.com and AwardWallet.com A credit card enthusiast tells you how to use credit card reward programs to your advantage and pitfalls to avoid. Main cards discussed are Chase, Discover, Amex as well as airline cards. Points for ai...

What you'll learn are how investing is different from gambling,how it's similar to gambling and why real investors are far fromgamblers! I just returned from Las Vegas. I'm not a gambler, mainly because I respect how much effort it takes to make money. I didhowever sign up for a card to get a discount at a nice restaurantand along with that came a guaranteed ace. So I did find myselfseated at a bl...

Learn how to separate the stock from the company, what to look for when you buy a stock and why you don't want to judge a stock by how it's done in the past. Today we'll talk about what happened to Apple recently, as an example of why not to fall in love with the stock. What I mean is "don't fall in love with a stock just because you love the company." You'll also learn my reasons to sell a stock.

Hello and welcome to my 2nd anniversary show! Yes, it was exactly 2 years ago today when I started the Be Wealthy & Smart podcast. Today I'll share with you the best of the best episodes - that is which ones you've liked best and I'll take the #1 rated show and give you a podcast within a podcast about the most popular of all topics! Here's a little background on how far we've come in 2 years: Tod...

Learn why you want to start saving for retirement the moment you have income and why it should be higher on your priority list than it might be. Last episode I was talking about spending priorities and I gave you my list of 10 spending priorities. Spending priorities are a way for you to decrease impulse spending and really focus on matching your money with your priorities. If you know where you w...

Learn how to prioritize your spending following the 10 essentials and 6 questions to ask yourself. This will keep you growing your net worth and keep you away from impulse spending.

Learn 3 things John Paul DeJoria and other billionaires commonly do. Their habits, thought processes, attitudes. How they evaluate business opportunities.

Learn how to make money on Amazon using Fulfilled by Amazon (FBA). Hear Brad DeGraw's story about starting with $100 and now having many products selling on Amazon under his brands. Learn the steps to become successful, what not to do, and why you need to tap into emotions to sell. Brad shares his formula: Problem, Fantasy and Desire and explains why it's important to have for each product you mar...

Learn my favorite economic indicators I use to follow the economy. Find out why I don't go to their websites and what they are telling you about the economy and possible direction of the stock market. This was a listener's question I answered. I'll also show you the website I go to to find out the direction of the stock market, see when it's about to rollover and keep myself from buying at market...

Learn what emotions are underlying credit card debt. How past, present and future emotional fear can cause spending that is out of control. How to change your negative subconscious beliefs with positive ones. Why and how shopping effects your brain.

Learn more about why opportunity cost is a key to your wealth building, how you might have the wealth you want in your backyard and what NOT to do with your money.

Learn 5 Ways to Make Doing Your Taxes Fun! How to get motivated, work through negative thoughts and get your taxes done with a smile.

Learn why being credit worthy may be more important that your credit score. Interview with Steve Stewart of the Money Plan SOS and No Debt, No Credit, No Problems podcasts. Don't build your credit score, build your wealth.

Learn why you should have a will, what will happen to your assets if you don't have a will, the government's plan for your assets, what happens with joint bank accounts that you may not want to happen. We discuss real cases that have caused problems and the most common issues amongst families inheriting money. If you have an elderly parent across the country or that you are caring for and have sib...