Money Guy Show

A quick review of your financial health is today’s topic.   I am taking a brief break from talking about investments.   Instead I am going to load you up with planning ideas and even tools that I use to keep my financial house in order. Estate Planning & Risk Management (I know that it is dark to talk about death or other bad events that could occur in your life, but it is important to discuss)....

First you guys need to know my thoughts on what is known as Efficient Market Theory Efficient Market – Since everyone has the same information about a stock, the price of a stock should reflect the knowledge and expectations of all investors. The bottom line is that an investor should not be able to beat the market since there is no way for him/her to know something about a stock that isn’t alread...

There are tons of podcasts out there that explain how to spend less than you make, and how credit card debt can drain financial freedom. How many actually have the training and know how to help you with the crucial portion of your extra cash flow and retirement funds? I would dare to say not many because most either do not know what to tell you or they are trying to sell you a product so they will...

Tax Refund Challenge: Now that you have filed your taxes it is time to evaluate where you are financially. Say what you will about filing tax returns they at least allow you to take inventory on how much you earned in 2006. I am always talking about saving for the future and making sure that you are locking away 15%-20% of your gross wages for the future. That is easy to say when you earn a good l...

The financial markets have been very choppy this quarter. We started off 2007 with day after day of the stock markets hitting new highs. Then one crazy Tuesday in February (27th to be exact) the bottom fell out of the market (I blame it on my producer Heidi; she was off that day spending time with her dentist and a root canal). Ever since it has been up and down to the point that many of you are w...

There is a storm of concern that has been building for quite some time, and it is finally getting the attention that it deserves…. 401K FEES:   CNNMoney.com “Lawmakers to take close look at hidden 401(k) fees” US Deprtment of Labor “A Look at 401(k) Plan Fees” MarketWatch “More fee disclosure could save 401(k) owners money, Congress told”   For more information, visit the show notes at http://www....

Term Life Insurance is appropriate for people who want life insurance only for a limited term, such as until your children are grown or you reach retirement age. Term life insurance has become much more affordable in recent years due in part to the fact that people are living longer. A $500,000 term-life policy can now cost as little as $350 a year for 20 years, which is considerably cheaper in co...

When I use others’ research I always try to give proper credit to the source. Much of the information and research for today’s podcast comes from Consumer Reports Money Adviser (January 2007 Issue). If you listen to AM radio, watch any of the cable news networks and/or your evening news, or read a newspaper, you have probably heard the following terms: Federal Reserve, Federal Reserve Chairman Ben...

The backbone of good investing is Asset Allocation, and today I am going to load you up with great information. Terms needed to understand asset allocation: Domestic Stocks = US Companies Market Capitilization of US Stocks (According to Morningstar): Large Cap = US Companies with a Market Cap greater than $11 Billion (these are the companies that are household names like Wal-mart, GE, Home Depot,...

Before we can look forward I think that it is smart to review what happened in 2006: Domestic Stock Markets: * The 2006 market was interesting in the fact that the first half was pretty flat as everyone tried to figure out what the Federal Reserve was going to do with interest rates. * The second half was El Fuego (“ON FIRE” for my Spanish-challenged listeners). The Fed decided to take a break wit...

A recap on where to get good advice and what to watch out for. Unfortunately, my industry still has too many short sighted individuals. What I mean by this statement is that there are a lot of advisors, brokers, agents, and reps that are looking for the big score, and could care less about the long term financial health of their clients. My personal belief is that if you do good things for others...

The government recognizes that most individuals have been asleep at the wheel when it comes to saving for their retirement, and they are also unaware that Social Security is only a few decades from a funding disaster (don’t worry I am not going to go there on today’s show). As a result of this SILENT BUT DEADLY BUILDING DISASTER the government has made several changes that provide tremendous oppor...

I received an email from a subscriber (thanks Helen) suggesting that I watch the PBS Frontline special titled “Can You Afford to Retire”. I was so impressed with the program that I have decided to focus today’s podcast entirely on the special.   The focus of the program is on the changing retirement landscape. 1974 Retirement Funding: 11% Employee 89% Employer 2006 Retirement Funding: 51% Employee...

Ok everyone please quit sending me emails on how to become a Financial Advisor. I have been bullied enough that I will spill the beans. According to CNNMoney.com I have the 3rd best job in America.   Before you run out and decide to change careers let me provide you with my thoughts: * You have to be good at taking test and going to school * To be good you have to love numbers (and I mean truly lo...

In this weeks Financial Chaos Topic we discuss the following: A Creative Way to Give and Avoid Taxes at the Same Time If you are Charitable and Sick that the Government makes you take taxable RMD from your Retirement Accounts Wesley Snipes joins the ranks of Willie Nelson and other not so tax smart celebrities. Don't mess with the only organization that can show up and just take your stuff! For mo...

In this week's Market and Media Update: ** Should we be concerned with the recent run up of the stock markets? Investor Apathy Means the Market Stays Bullish - Motley Fool ** Who is this YouTube Inc. guy (Chad Hurley) that is now worth $1.65 BILLION? Google's Billionaire Boys Club Gets a New Member ** Now that I am depressed about reading about YouTube's success I might as well play the lottery! H...

Listen to the show for the following information: * The Hierarchy of Investment Decisions * The Cycle of Market Emotions * Common Investing Mistakes * How to Solve Investing Mistakes * How to Accumulate $1 Million by Age 65 * Insight from Warren Buffett For more, visit http://www.moneyguy.com/2006/10/lazy-investors-are-the-wealthest/  Learn more about your ad choices. Visit megaphone.fm/adchoices

Update on the Market and Media, September 20, 2006 Learn more about your ad choices. Visit megaphone.fm/adchoices

The following statement is harsh but true: Most individuals are not going to become affluent because they take the easy way out in the majority of their financial decisions. Examples: Putting off investing in your ROTH IRA or maximizing your 401k at work... Read more: http://www.moneyguy.com/2006/09/secrets-of-real-estate-investing-grq/ Learn more about your ad choices. Visit megaphone.fm/adchoice...

Update on the markets and media, September 2006 Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode #15 of the Money-Guy Podcast GRQ? “Get Rich Quick” with Real Estate Investing = Fool’s Gold Stay up late at night and you can not miss the following claims: Use our exclusive Real Estate program and you can be a millionaire, and all for the cost of $2,495 to attend our intense 3 day […] Learn more about your ad choices. Visit megaphone.fm/adchoices

Recap of the recent financial markets, August 2006 Learn more about your ad choices. Visit megaphone.fm/adchoices

The majority of subscriber questions that I receive focus on 401ks and other employer provided retirement plans. I have finally recognized that I need to focus on helping you maximize your retirement accounts. To learn the Common Mistakes on managing your Retirement Plan, go to http://www.moneyguy.com/2006/08/conquering-your-401k-and-other-retirement-accounts/ Learn more about your ad choices. Vis...

Episode 13 of the Money-Guy Podcast For this episode of the Money-Guy Podcast, Brian answered subscriber emails, so there will be no show notes. Thanks for your continued support! For more, go to http://www.moneyguy.com/2006/08/money-guy-08-04-2006 Learn more about your ad choices. Visit megaphone.fm/adchoices

Credit is also a great lead in to the Power of Debt. Debt gets a bad rap by most financial professionals and there is a reason. Unfortunately most individuals do not use debt as a wealth enabler instead they use it to extend their income and life style (an expensive way of faking success). For more, go to http://www.moneyguy.com/2006/07/money-guy-07-13-2006-podcast/ Learn more about your ad choice...