DecaMillionaire Decoded

In episode 214 of Financially Simple, Justin begins to look at how to go about selling a Real Estate investment. As you grow your Real Estate investment portfolio, you will want to sell off property to be able to invest in other real estate opportunities and minimize the taxes incurred in the process. Justin goes over the types of exchanges that are possible when selling real estate to buy new pro...

In episode 213 of Financially Simple, Justin lists the ways in which you can pay for Real Estate investment. As you consider getting into Real Estate investing, you might need to take out a loan to buy the property. Justin looks at the different types of loans available, as well as other possible lines of credit, that you can use to purchase an investment property. Don't forget to subscribe, and l...

In episode 212 of Financially Simple, Justin considers whether or not you should use your IRA to buy investment property. Can you use your IRA savings to invest in real estate? Yes, you can - but should you? Justin looks at the ins and outs of using your IRA to invest in property, and gives his advice on whether or not it is a good idea. Don't forget to subscribe, and let us know how we are doing...

In episode 211 of Financially Simple, Justin looks at options for investing in Real Estate without the headache of buying property. When it comes to investing in Real Estate, there are options to invest without buying property and having to deal with the hassle of managing the property yourself. Justin goes over Real Estate Investment Trusts, and Crowd Funding options for Real Estate investing. Do...

In episode 210 of Financially Simple, Justin explains Cash-On-Cash Return for Real Estate Investments. Keeping track of the value of a Real Estate investment can be difficult - Cash-on-Cash Return is one way to follow the income of a property investment. Justin gives the Financially Simple what, why, and when of Cash-on-Cash Returns. Don't forget to subscribe, and let us know how we are doing by l...

In episode 209 of Financially Simple, Justin consider why you should invest in Real Estate. With so many possibilities when it comes to investments, what makes investing in Real Estate an attractive option to Small Business Owners? Justin lists 11 reasons why Real Estate investments should be a serious consideration for your portfolio. Don't forget to subscribe, and let us know how we are doing by...

In episode 208 of Financially Simple, Justin takes a look at the timing of Real Estate investments. When is the best time, and when is the worst time to invest in Real Estate? Justin explains the cycles of the Real Estate market and goes over the important points to consider when planning to invest in Real Estate. Don't forget to subscribe, and let us know how we are doing by leaving a review. Tha...

In episode 207 of Financially Simple, Justin introduces Real Estate Investing. If you own your home, or business premises, you've invested in Real Estate; but besides investing in your own property, did you know you can invest in much, much more? Justin begins looking at the potential of Real Estate investing, by listing the various categories and sub-categories of Real Estate that you can invest...

In episode 206 of Financially Simple, Justin compares Active and Passive Funds and ETFs. What are Active and Passive Funds, how do they work, and which is better? Justin looks at both Active and Passive Funds and ETFs, comparing the pros and cons of each. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ Transcription & Additio...

In episode 205 of Financially Simple, Justin provides a simple guide for picking Mutual Funds. When deciding which Mutual Funds to invest in, a lot of new investors can make the mistake of only looking at the numbers. Justin breaks down what investors should be looking at when selecting Mutual Funds to invest in. Don't forget to subscribe, and let us know how we are doing by leaving a review. Than...

In episode 204 of Financially Simple, Justin gives a very simplified explanation of what Mutual Funds are. If you're considering investing, but are not wanting to go for individual stocks and shares, a Mutual Fund might be a good option for you. Justin looks at what Mutual Funds are, the pros and cons, as well as the costs. Don't forget to subscribe, and let us know how we are doing by leaving a r...

In episode 203 of Financially Simple, Justin examines the perceived added value of having an Investment Advisor when investing. When you decide to invest, you might hire the services of an Investment Advisor or you might decide to go it alone using information that is readily available. Justin looks at two reports that investigate the topic of hiring an Investment Advisor, and the real and perceiv...

In episode 202 of Financially Simple, Justin looks at another reason to invest: Compound Interest. There are many reasons to invest, and Compound Interest is one of them. Justin explains what Compound Interest is, how it works, and why it's an integral reason for investing for future generations of your family. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks...

In episode 201 of Financially Simple, Justin gives an outline of Diversification in Investing. Just as you shouldn't invest solely in your business, you should also avoid investing in only one or two portfolio options outside of your business. Justin looks at the process of Diversification: what it is, why it's a good idea, the options available, and the dangers to be aware of. Don't forget to sub...

In episode 200 of Financially Simple, Justin revisits the topic of investing outside of your Business. As a Business Owner, most of your wealth is tied up in your business and you plan on unlocking that wealth when you decide to sell or retire - but what if you can't sell, or don't get the best possible deal? Justin gives a quick revision on why you shouldn't invest exclusively in your business an...

In episode 199 of Financially Simple, Justin considers the investment strategy of Timing the Market. When to buy, when to sell; when to invest, when not to invest - these are questions most investors ask. But, the answers are not as simple or straightforward as they might hope. Justin explains what Timing the Market is, and examines whether or not it really does work the way everyone thinks. Don't...

In episode 198 of Financially Simple, Justin continues with the Investing 101 Overview, looking at Dollar-Cost Averaging. Dollar-Cost Averaging is a simple investment method that takes the complexity of reading the market and timing your investment strategy out of the equation. Justin looks at the pros and cons of Dollar-Cost Averaging, and explains some advanced strategies to get the most out of...

In episode 197 of Financially Simple, Justin continues with the Investing 101 Overview and explains Rebalancing and Target-Band Rebalancing. Buy Low Sell High: this is the core principle of Rebalancing in a nutshell. Knowing when to do so and factoring in considerations such as Contributions and Withdrawals adds a layer of complexity to this simple mantra. Justin explains what Rebalancing and Targ...

In episode 196 of Financially Simple, Justin continues with the Investing 101 Overview and looks at Risk Tolerance. Investing has its ups and downs, the risks and the rewards - so knowing your Risk Tolerance Profile and Capacity are necessary in order to make the correct investments. Justin explains Risk Tolerance and Capacity, as well as the three types of Investment Horizon that will help you de...

In episode 195 of Financially Simple, Justin begins a series on Investing 101. Creating an investment portfolio can be confusing and intimidating, with many different types of investment options, strategies, and terminology. Justin breaks down investing in Financially Simple terms, giving an overview of the basic types of investments. Don't forget to subscribe, and let us know how we are doing by...

In episode 194 of Financially Simple, Justin continues his overview of Investing 101 and takes a look at Non-Qualified Investments. From a personal finance perspective, Non-Qualified investment accounts can have different uses depending on the type of account. Justin goes over the different types of accounts and gives advice on what each account is useful for and what to avoid. Don't forget to sub...

In episode 193 of Financially Simple, Justin and Jennifer McConnell take a look at adding a Cash Balance to a 401k plan. As a successful business owner, the provisions of the 401k might be too limiting, and you might want to increase the amount that you can put away - a Cash Balance might be the answer. Justin and Jennifer explain what a Cash Balance plan is, how it works, and who it's for. Don't...

In episode 192 of Financially Simple, Justin continues his discussion with Jennifer McConnell of July Business Services about 401(k) funds. There are two specific provisions of the 401(k) that are worth a closer look: Safe Harbor and Profit Sharing. Justin and Jennifer look at the Safe Harbor and Profit Sharing provisions and consider the pros and cons of each for a Small Business Owner. Don't for...

In episode 191 of Financially Simple, Justin talks to Jennifer McConnell of July Business Services about the basics of a 401(k) fund. 401(k) funds are the most common type of retirement fund used by Business Owners to set aside money for their employees. Justin asks Jennifer to go over the basics of a 401(k), how they work and what's involved in setting one up. Don't forget to subscribe, and let u...

In episode 190 of Financially Simple, Justin goes over Solo 401k Funds. If you are a Solopreneur, independent contractor, or individual business owner, then a Solo 401k might well be the investment fund for you. Justin explains the ins and outs of the Solo 401k, and shares some insightful tips on why it's a great option for individual business owners. Don't forget to subscribe, and let us know how...