Dads Daughters and Dollars

54% of Americans said they didn’t have a will in 2021. If you die without a will, state laws dictate who gets your assets. Depending on the state you live in,  the surviving spouse could get 100% of the estate and the children get nothing.  In other states. It could be a 50/50 split. And still different in other states.  Dying without a will is called dying intestate. Kurt Nilson, a lawyer in Penn...

With price guarantee on Google Flights they will keep track of the fares each day and if the price goes down, you’ll be given the difference via Google Pay. Google Flights is basically a travel agency. They get a commission from airlines when you book your flight through them. They believe through their algorithms of tracking flights they can GUARANTEE when the price is at the lowest. If they are...

This week we discuss quotes that have made my financial life so much easier. They have a way of making complex ideas simple. Enjoy. “The Bear Market is when stocks return to their rightful owners.”  “Wall Street makes money on activity. You make money on inactivity.  “ “The reason you can make really good returns in the stock market in the long run is because the stock market is volatile in the sh...

It’s tax season and we want you to avoid being a victim of tax fraud. As we record this episode, we are a week away from tax day. However the information in this episode is good year round. So if you hear it in a best of episode, it still applies. Since 2018, more than 75,000 victims have lost $28 million to scammers impersonating the IRS over the phone, email, texts and more. That's what the...

In this episode we discuss the VIA Survey of Character Strengths which you can help figure what is really important to you. During the epidemic I took a free course online called "The Science of Well Being" taught by Yale Professor Laurie Santos. Here is the link https://www.coursera.org/learn/the-science-of-well-being The Course is a study of Happiness and is the most popular class in t...

8 Steps To Take After Your Phone Gets Lost or Stolen 1. Call Your Phone It’s possible that you simply misplaced your phone. Call your number and send a text. If the phone is within reach, you will hear it. Or if you misplaced it, someone may answer. 2. Log On To Find My Phone on iPhone or Find My Device on Google For an Android phone, use Google’s Find My Device . For an iPhone, go to Find My iPho...

In this episode, we discuss apps that can help you regain your time and focus, making you a better consumer, better investor and benefitting your mental health.  Globally, we spend 6 hours and 58 minutes each day on our smartphones. Americans spent an average of 7 hours and 4 minutes each day. Annually that means we spend about 106 days every year looking down at our phones. You read that rig...

In this episode we discuss what dual enrollment is and how it can save you plenty of money over your college career. We share our personal experience with our daughter Katelyn and her taking college classes during the summer to graduate on time. We welcome back our guest host Deanne, my wife and she shares what planning for college was like.  Dual enrollment allows high school students t...

We are lucky to have as my guest host this week my wife Deanne. She joins the show as we head into tax season to talk about ways to reduce your taxes. The first half of the show is about personal deductions and the 2nd half of the show is about Business deductions should you have a business or side hustle. Enjoy! Reducing Personal Taxes  1)Contribute to a Retirement Account 2)Open a Health Sa...

In this episode we discuss all the free things available at your local library. They include free e-books, free movies, free TV shows, free documentaries, free music, free newspapers, free magazines, free audiobooks, free comics, free foreign language instruction, free podcasts, free online learning, free culture passes, free tutors, free resume help, free job resource help and free tools. This is...

In this episode we discuss the Pros and Cons of House Hacking.  Pros 1-Build equity in your house 2-Live rent free or close to rent free 3-House hacking can also help you qualify for low-down-payment loans reserved for primary residences. 4-You can use the profits to grow your investment portfolio Cons 1)PMI (Private Mortgage insurance) for those putting down less than 20%.  2)House hack...

In this episode Katelyn and I discuss figuring your debt to income ratio (see calculators below) and two ways to pay off debt. The first is the Debt Snowball (created by Dave Ramsey) and the second is the Debt Avalanche. I believe the most reliable way to eliminate debt is to avoid spending beyond your means, and paying your bills in full and on time each month. Discipline is exchanging short term...

In this episode we discuss how the Stock Market is not the Economy. The economy is backward looking, looking at the previous 3, 6, 9 and 12 months. The stock market is forward looking and depends on the optimism or pessimism of investors. 

In this episode we discuss the difficulty in finding health insurance for Katelyn as she turns 26. After hours of research, we found a plan that is affordable for Katelyn and allows her to see the majority of her doctors. One of the first things you should do is call each of your doctors and ask "What insurance do you take?" "What HMO's do you take, what PPO's do you take?"  You will find a v...

We talk about  what causes the stock market to go up and down each day. We learn that optimism causes prices to rise. Pessimism causes prices to fall. And that optimism and pessimism can be seen even when no new news about a particular company is released. While daily current news can certainly drive the market up and down, often there is no clear reason for how a company rises or falls on a...

In this episode we discuss laddering and the pros and cons. It certainly beats the interest rate you can make at major banks.  Laddering is an investment technique where you purchase several financial products with different maturity dates. You are usually buying bonds or certificates of deposit (CDs), or some sort of fixed income investments. Bonds and certificates of deposit (CD’s) are a ti...

Chat GPT is a language learning artificial intelligence that was designed to imitate human conversation. Should you use it for personal finance? We discuss the pros and cons of Chat GPT! Enjoy!

We welcome Katelyn back from the 2022 World Cup and discuss 7 financial resolutions to ease your money anxiety in 2023. They are : 1. Create a budget 2. Save Money (Especially an Emergency fund) 3. Save for and Max Out Retirement 4. Ask for your Credit Report 5. Cut the Cord 6, Switch to a Cheaper Cell Phone Service 7. Delete Used Subscription Services Links to things we discussed in this epi...

During this episode, we discuss five reasons why women are inherently great investors and five reasons why women need to be investing now.

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

Yes, the title is really true! Find out what my dad learned from Pitbull the rapper and why he thinks it's so important for you to know. Enjoy the Holidays!!

We discuss Good Debt vs Bad Debt and give examples of both. Also how tired Katelyn is from shooting the Super Bowl. And we welcome our 17th country listening, South Korea! Welcome aboard.

We discuss the many steps you should take if you win the lottery. First and foremost, don't tell anyone! Then go incognito. Also the pros and cons of taking a lump-sum payment versus the annual payments. Here is the calculator we discussed to help you make a decision. https://www.afterlotto.com  Good Luck!!!

My dad explains his obsession with compound interest. It was 26 minutes well spent — surprised me! Find out how one penny becomes 10.7 MILLION Dollars!!

Solo 401K's have really big advantages for business owners. We discuss how you can benefit if you are a business with no employees.