Jake Of All Trades

It turns out that each generation has a different view of when someone becomes an adult. When do you think a person has become an adult?   Jake and Kirk discuss the various ways generations think about adulting and how to be an adult. Is the millennial generation really taking the longest to become an adult or are they on the same track as the baby boomers? Also, most surveys find that there is on...

“The fix to Public Service Loan Forgiveness hasn’t Helped very much”   More than 54,000 people have applied for their public service loan forgiveness, and only 1% (around 640) have had their loans forgiven. This forgiveness program was initiated a little over 10 years ago. The program would begin forgiving loans 10 years later, and that is where we are today. This means that the program will be re...

On this episode Jake and Kirk discuss the value of choosing your friends based on your financial needs.  Are you the type of person who can eat a single bite of a chocolate bar and then put it away? If that’s you, then you may disregard this advice! But if you aren’t, it may be helpful to surround yourself with friends who are more frugal. https://www.wsj.com/articles/frugal-friends-and-how-to-fin...

The current administration is considering privatizing Fannie Mae and Freddie Mac. In 2007, these organizations were privatized. It was after the 2008 crisis that the government stepped in. Is this a good move by the government? If this occurs what would be the effect on normal Americans? Jake Rivas and Kirk Barbera have an interesting conversation about this controversial topic. https://www.wsj.co...

On this episode Jake Rivas and Kirk Barbera discuss a Bloomberg.com article “U.S. Stocks Plunge Most in 2019 on Trade Tension.” Now that investors are beginning to grasp the potential for a long-term trade conflict, they are shifting their investments to haven investments (gold, cryptocurrency.) Meanwhile, China is (supposedly) lowering their own currency. Jake explains all of this and how it affe...

When the federal reserve changes its interest rate policy, how does this affect you? Since the 2008 financial crisis interest rates have been set quite low in historic standards. Growth occurred slowly despite the change in interest rate policy. This very well may change the way interest rate policy will be determined in the future. Jake Rivas and Kirk Barbera discuss this change in the interest r...

Many of the Presidential candidates running in 2020 have advocated either eliminating student debt and/or making university free of cost to students. Jake and Kirk discuss the impacts of these potential policies on the country and on your individual financial plans. For instance, should you stop making payments on your current debt if it might be eliminated? Tune in for Jake’s answer.  Have questi...

On a previous episode Jake read articles showcasing the downturn in the economy. On this episode we have evidence that consumer confidence is going up. What exactly is consumer confidence? Why should it matter? How does it effect you and your daily financial life? There is a lot more going on than you think. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  ...

Jake And Kirk discuss a fascinating story of the life and death of a man who left the world as mysteriously as he lived it. He was found in death, alone in a tiny 800 square foot house. Unlike many other situations like this one, his house was tidy and spartan. He had no bed. Drove a base model truck with 77,000 miles. Never clocked more then 2,500 miles in a year. But what they found in his bedro...

What would you do if you suddenly received $500,000 from an inheritance (after taxes?) On this episode Jake Rivas and Kirk discuss what they would do as well as some smart strategies to deal with an influx of cash. Also, they discuss common pitfalls which can lead to ruin. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questio...

A tariff is a fee that foreign companies have to pay in order to import their goods or services into the United States. On this episode Jake Rivas and Kirk talk about the impact of the new tariffs on the economy as well as how this can affect your personal finances. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questions on t...

Jake Rivas interviews entrepreneur Stephanie Sheller of GROW DISRUPT ( https://www.growdisrupt.com/ ) Stephanie has a great story of quitting her high paying corporate sales job to found her own business. Jake and Stephanie talk about her investment strategy now that she is several years into the business and it has grown significantly and can pay solid dividends every quarter on top of salaries f...

Many people who were not expecting it were hit hard by the new tax reforms. Jake and Kirk discussed how most companies did not help their employees prepare with a proper withholding and also some strategies to ensure your company withholds the proper amount from your paycheck for 2020. https://www.wsj.com/articles/once-more-with-feeling-fix-your-withholding-11555061406 Have questions about managin...

How do you decide what amount to set as a goal for your retirement account and what strategies can you use to bolster that savings to make a significant impact?  There are some very simple actions you can take to improve your strategy. Jake will give you several pro tips about using your savings vehicles to achieve this end. Have questions about managing your financial lifestyle? Email  Jake@youan...

And other alternative investments. A recent article in the Economist illustrates the benefits and difficulties in alternative investing. What is an alternative investment? Are all trades on the future alternatives? How can you be smart about entering this risky venture? CHeck out this show for some practical advice from Certified Financial Planner Jake Rivas. https://www.economist.com/finance-and-...

Don't forget April 15th is the FIRST deadline for filing your taxes. In 2017 there was a big tax law change, and this year is when you will be experiencing. In this short episode, Jake will be teaching some strategies that can be useful in reducing ones taxable income. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questi...

Obviously there are many reasons to have children. And of course there are emotional and physical costs involved. On this episode Jake and Kirk discuss (mostly) the financial costs of having children and how to plan for them. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Faceb...

Fact or Fiction? Student loan consolidation will lower your interest rate. The millennial generation is the most indebted generation of all time, due to student loans. What options do I have? Learn  the different things you can do with your student loans. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questions on the show! Fo...

When you are ready to work with a financial planner, we want to make sure you are asking the right questions and that you make the right decision for you. There are a lot of ways that financial planners can lead you astray, so be mindful. In every profession there are shady figures in the darkened alleys, and with the internet that shady character can be right around the corner. Make sure you unde...

There’s a new tax reform bill. Are you ready for it? Will it effect your positively or negatively? In this episode Jake Rivas and Kirk discuss the new bill and Jake walks you through a website that you can use to better understand where you fall within the new rules. Most people give little notice to taxes, instead relying on experts. This is a good idea. But as Jake argues it is often very helpfu...

Recessions are a normal part of the economic cycle in America. We all know that eventually we will hit some form of a correction. Many experts are now claiming that recession is just around the corner. What indicators do these experts use to determine this? How can we identify a recession and most importantly what should you be doing with your finances in a recession? Join Jake and Kirk as they di...

Fact or Fiction: I always pay the minimum payment on my CC and that’s fine. On this episode Jake helps you understand how credit card companies work and how to have the right mentality with credit card payments. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwoc...

Fact or Fiction: Buying the right life insurance for you. Learn the different ways you can buy life insurance and how people can sometimes be lead astray. Have questions about managing your financial lifestyle? Email  Jake@youandifinancial.com  and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Com...

Have you ever experienced the storm of the century in your bank account? That’s when all your subscriptions—monthly, quarterly, yearly—hit all at once and you look up to a sunken bank account. On this episode Jake and Kirk discuss a great website and app that they found which helps to eliminate this problem by automatically tracking your subscriptions and helping you easily delete the ones you no...

Myth: organizing my financial documents isn’t worth my time. What is the value to you of organizing your financial docs? How do you go about that? Tune in to this mini-episode for some tips for the expert. Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Sec...