The Jon Sanchez Show

The market is sold off today. Technology stocks are lead the decline, the Nasdaq is took the brunt of the damage, and investors are once again being reminded that markets do not travel in a straight line. But I don’t want to spend today predicting whether Monday will be green or red. I want to ask a much more important question. What would you do if the market fell 20%?

Opening Monologue Imagine spending months preparing to buy a home. You improve your credit. You save the down payment. You provide tax returns, bank statements and pay stubs. The lender reviews everything and gives you a preapproval. Then you find the house. It has the right location, the right floor plan and enough room for your family. You write the offer, the seller accepts it and you begin ima...

Good afternoon, Northern Nevada. Today we’re talking about a part of estate planning that too many families overlook until they’re under pressure. “Imagine you’re in an accident, you’re unconscious, or you’re dealing with an illness that makes it hard to understand information or communicate a decision. Your spouse or children are at the hospital. Bills still need to be paid. The bank may need ins...

Rental real estate can create wealth in more ways than most investors realize. Cory Edge, Dwight Millard and Jon Sanchez examine the five potential profit centers of a rental property: cash flow, mortgage principal reduction, appreciation, tax benefits and future rent growth. They also analyze a hypothetical property and explain why a good wealth-building investment may still be a poor source of r...

Stocks are celebrating. Bonds are screaming. Oil is boiling. And the American labor market may be running out of gas. Welcome to one of the strangest economic environments we have experienced in decades. This week, the stock market once again approached record highs. Investors appear optimistic. Technology companies are rising. Artificial intelligence continues attracting enormous amounts of capit...

The most important showing of your home may happen at 11:30 at night, on a buyer’s phone, while you are asleep. That buyer is sitting on the couch, scrolling through listings. Your home appears on the screen for a few seconds alongside dozens of competitors. They see the price. They see the lead photograph. They swipe through the first few images. And then they make a decision: save it, share it,...

Welcome to The Jon Sanchez Show and Estate Planning Wednesday. Nearly every parent who creates an estate plan tells me the same thing: “I don’t want my children fighting after I’m gone.” So, they make what appears to be the safest possible decision. They divide everything equally. Three children receive one-third each. Four children receive 25% each. Nobody can accuse Mom and Dad of playing favori...

When buyers tour a home, they usually evaluate the kitchen, bedrooms, neighborhood, backyard and asking price. But today, the most valuable feature of a home may be something you cannot see. It may be the seller’s mortgage. The national average for a new 30-year fixed mortgage is approximately 7.5%. But millions of homeowners purchased or refinanced when rates were between 2% and 4%. What if a buy...

Welcome to The Jon Sanchez Show. I want you to imagine opening your retirement-account statement and seeing a balance of $1 million. You probably think, “I have $1 million saved for retirement.” But if that money is sitting inside a traditional IRA or 401(k), you may not really have $1 million available to spend. You have $1 million before taxes. The IRS has been patiently waiting for its share. F...

There are days when the stock market appears to have completely lost its mind—and today may be one of them. This morning, we learned that the United States created only 29,000 jobs during September. Economists were expecting approximately 90,000. The unemployment rate increased from 4.1% to 4.2%. Average hourly earnings increased by only one-tenth of 1% for the month. And then we received the revi...

Today, I want to change one question that nearly every homebuyer asks. Most buyers begin by saying, “How much does the house cost?” I think that is the wrong place to start. The better question is: “What will this house cost me every single month—and can I comfortably afford that payment without sacrificing the rest of my financial life?” The average 30-year mortgage rate just jumped from 7.03% to...

Welcome to Estate Planning Wednesday. Let me begin with a statement that may surprise you: Your trust can be perfectly legal, properly signed, and completely wrong for your family today. That is because your estate plan was created for a particular moment in your life. It reflected the people you loved, the assets you owned, the laws in effect, and the decisions you had made at that time. But your...

For the last several years, we've been asking the same question: When are mortgage rates coming back down? Well, today I want to stop asking that question. Because right now we're looking at mortgage rates above 7%. The 10-year Treasury has moved above 5%. And today the 30-year Treasury reached a level we haven't seen since 2002. Reuters So here's my question: What if rates DON'T come back down an...

I want to change the way you think about retirement today. In fact, for the next hour, I don't even want to use the word retirement. Because I think there's a better goal: FINANCIAL INDEPENDENCE. What's the difference? Retirement usually means: When can I stop working? Financial independence asks: When can I stop HAVING to work? Those are two completely different questions. Because what if you LOV...

I want you to imagine something today. You open your retirement account tomorrow morning... and: $100,000 IS GONE. You'd lose your mind. You'd call your financial adviser. Your CPA. Your spouse. Maybe the police. You'd want to know: WHERE THE HECK DID MY $100,000 GO? But here's what's interesting. What if you didn't lose $100,000 overnight? What if you lost $10,000 here... $7,000 there... $15,000...

I've got a question for homeowners today. And I think millions of Americans are wrestling with it. You bought or refinanced your house several years ago. Your mortgage rate: 3%. Maybe even 2-point-something. You probably brag about that mortgage. And you should. Because today, according to Mortgage News Daily, the average top-tier 30-year fixed mortgage rate is: 7.37%. That's more than double your...

I've got a number for you today that you're probably not going to believe. Yesterday, according to Mortgage News Daily, the average top-tier 30-year fixed mortgage rate was: 7.19%. Ouch. But now let me give you another number: 3.92%. No, I didn't travel back to 2021. According to new research from Realtor.com, nearly one out of every seven new-construction listings advertised some type of reduced...

I’m Jon Sanchez, and today we are talking about a retirement expense that almost nobody puts into their financial plan. It isn’t healthcare. It isn’t inflation. It isn’t taxes. It isn’t a stock-market correction. It’s your adult children. That may sound harsh, but this is not a show about criticizing young adults. Housing is expensive. Groceries are expensive. Insurance, childcare, automobiles and...

How do I keep my family out of probate? Before I give you my nine steps, however, there's something Nevada residents need to understand. Not every estate containing probate assets necessarily requires a full probate administration. Nevada has special procedures for smaller estates. And the numbers matter.

I want to talk about a number today that probably doesn't mean much to the average American: 5%. Today, the yield on the 10-year U.S. Treasury crossed 5%, reaching its highest level since 2007. At the same time, according to Mortgage News Daily, the average top-tier 30-year fixed mortgage climbed to 7.22%. And tomorrow afternoon, the Federal Reserve concludes its two-day meeting, with financial ma...

I was planning on talking about retirement today. Then something happened over the weekend that made me change today's show. And I'll tell you why. I use artificial intelligence virtually every day. I use it in my businesses. I use it for research. I use it to analyze ideas. I use it to help prepare this radio show. And I think artificial intelligence may ultimately become one of the most importan...

I want to ask you a difficult question today. And if you're married, it's a question I think every retirement plan should answer: Could your retirement plan survive your spouse dying? Nobody likes talking about this. I certainly don't. But one of you is probably going to die first. And when that happens, something interesting occurs financially. People tend to assume: ‘Well, now there's only one p...

Well, if you're shopping for a house today... The bond market just punched you in the mouth. 😂 The 10-year Treasury yield surged today, closing around 4.94%. And according to Mortgage News Daily, the national average 30-year fixed mortgage jumped another 10 basis points today to: 7.07%. Yesterday it was 6.97%. Tuesday it was 6.89%. So in roughly two days we've gone from 6.89% to 7.07%. And immedi...

If your husband died tonight, would you know what to do tomorrow morning? Where are the investment accounts? What does he have in his 401(k)? How is your house titled? Who is named on the life insurance? What bills are on autopay? Where are the passwords? Who is your successor trustee? Who do you call first? And maybe you're sitting there saying: ‘Jon, my husband handles all of that.’ Okay. That's...

I've got a question today for every parent listening who has adult children. Your son or daughter calls you tonight. They've found the house. They love it. They've got good jobs. They can handle the monthly payment. There's just one problem. They don't have enough money to get into it. And then come the six words every parent loves to hear: ‘Mom...Dad...can you help us?’ Welcome to the Bank of Mom...