Money Talks News: The Podcast

Are you throwing your hard-earned cash down the drain? You might be if you're falling for these common money traps. In this Facebook Live episode, Stacy Johnson, founder of Money Talks News, breaks down five financial pitfalls that could be costing you big time. From timeshares to car leases, gambling to subscription services, and investment scams, Stacy exposes the hidden costs and risks behind t...

Your Instagram and TikTok are full of them: Influencers trying to convince you to part with your hard-earned cash and spend it on some trendy item that you won’t be using two weeks from now. While conspicuous consumption has been all the rage in recent years, with influencers sharing their massive hauls, there’s been a shift. In fact, the  latest trend is DEinfluencing . Is deinfluencing really wh...

🔔 Subscribe for more money-saving tips: https://www.moneytalksnews.com/podcasts/ Youtube video of this episode: https://www.youtube.com/watch?v=LZ7g3mgZ8d8 In this episode of Money Talks News, Stacy Johnson tackles the age-old question: "How much money should you have when you retire?" Spoiler alert: There's no one-size-fits-all answer! Join Stacy and his colleagues as they dive into:  ✅ Why the...

In this week's Finance Friday host Stacy Johnson shares personal reflections and tackles key financial topics: Social Security: When to claim? Waiting until 70 maximizes benefits, but isn't right for everyone. Consider your health, job satisfaction, and financial needs. Stock market outlook: Currently overvalued, but timing the market is risky. Instead, invest regularly and buy more when prices di...

Last year, a NerdWallet survey found that 84% of Americans with a monthly budget spend beyond it. So what gives? If you have a budget, shouldn't that help you stay on track? Maybe it's less about creating a budget and more about understanding your cash flow or how money moves through your personal economy. To help us tackle our cash flow, we've invited Jason Vitug back to talk about his six-step s...

Join financial expert Stacy Johnson as he breaks down the recent Federal Reserve interest rate cut and its impact on your wallet. In this engaging live session, recorded on September 20, 2024, in the Money Talks News Retirement Facebook Group, Stacy explains: Why the Fed lowered rates and what it means for the economy How falling interest rates affect savers, borrowers, and investors Strategies fo...

The great wealth transfer of trillions of dollars in assets – approximately $72.6 trillion over the next 20 years – has begun. Among those assets are inherited properties, but it's tough to deal with the baggage that comes with an inherited house. Pam Krueger from Wealthramp is back to go over essential questions to ask when you inherit a house. You can download the episode wherever you get your p...

In this episode of Money Talks News, Stacy Johnson and his team dive into the economic promises and potential impacts of the upcoming presidential election. With characteristic wit and skepticism, Stacy cuts through the campaign rhetoric to examine what Trump and Harris are really saying about the economy - and why much of it may be "bullsh--." From tariffs to tax cuts to home buyer incentives, St...

You've undoubtedly met people who have made a lot of money in the stock market and dreamed you could become one, too. If that's you, I've got great news. You can learn to be a successful stock investor, make some money and maybe some friends while you're at it. How? By joining an investment club. Today we welcome Ionnie McNeill, a member of the nonprofit National Association of Investors to give u...

Today we’re tackling a hot topic in the world of finance—the possibility of the Federal Reserve cutting interest rates in September. That’s right, the market is buzzing with speculation about what the Fed might do, and we’re here to break down what a rate cut could mean for your investments, your retirement plans, and the economy as a whole. Could this potential move by the Fed be a boost to your...

Americans owe more than $1.1 trillion in credit card debt —and a good portion of that is because too many of us are using plastic to pay for basic necessities like rent and food. But no matter where your debt comes from, one thing's for sure. It's stressful. According to one survey, more than half of U.S. adult s with debt say they feel stressed because of it. So what can you do if you're feeling...

In this episode, we're talking about the top four mistakes investors make. When it comes to stocks, we all know we're supposed to buy low and sell high, but for many of us, that's a lot easier said than done. Many investors tend to buy when the market's topping, then panic and sell at the bottom. That's one common mistake investors make, but it's far from the only one. Today, we're talking to a be...

Americans are worried about retiring, with 61% concerned they won't have enough money to support their lifestyle . On top of that, 20% of those over the age of 50 don't have ANY retirement savings. This is a ticking time bomb for many people. But there's help on the horizon. Now, savers can supercharge their retirement savings now that more provisions from SECURE 2.0 Act of 2022 are going into eff...

Editor's Note: This episode initially aired on March 15, 2023. It may contain some details that are out of date. According to the latest report from Vanguard , looking at the average amount of money saved for retirement, there's a good chance you might not be on track for comfort in your golden years. The average 45-year-old has less than $180,000 saved for retirement. But how do you change that?...

Gen X is often considered the overlooked generation, but we're looking right at YOU today. Gen X is people born between 1965 and 1980, so this is a group that should be starting to think about retirement. But will they be ready? As the Baby Boomer generation aged, they figured they'd need just under a million – $990,000 to retire. Gen X? Different story. According to the  results of a January surv...

If you're on a steady salary, creating a spending plan is straightforward, because you know both what's coming in and what's going out every month. But what if you don't have a stable salary? What if you're one of the millions of Americans who do side work or own a business or get paid commission? For you, a variable income is just part of the deal. This is also true for people who depend on tips,...

Welcome to Money Talks News, the podcast making you richer one day at a time. Close to 61% of Americans have a business idea , but it can be tough to actually take the next step. Plus, what happens if you make a major mistake and fail? In this episode, we're talking about how to avoid major blunders when starting a business with special guest Jaspreet Singh from The Minority Mindset. You can downl...

In this episode of the Money Talks News podcast, we're talking about how organizing your money can make you richer and how to get there with the least possible pain. This will probably come as no surprise, but according to a recent survey, only 23% of Americans have a formal financial plan . And you can probably guess why: 76% of those without a plan say they feel overwhelmed by the thought of cre...

Most people expect to retire one day, and while they may have images of their future selves perfecting their golf game and hitting Wimbledon-worthy serves, let's face it: There's only so much golf and tennis you can play before becoming bored. In fact, if you don't find some purpose beyond work after you retire, you could literally be at risk of dying sooner ! Today, we're talking to Nicholas Yeom...

Episode 165 webpage and links. What if you could live in your home while someone else pays the mortgage? That's the idea behind house hacking. House hacking refers to living in a home or multi-unit while renting out part of it. Dedicated house hackers say it's a great way to lay a foundation for a real estate empire—one that can catapult you to financial freedom. But will it work for you? Let's fi...

In this episode of Money Talks News, the podcast explores the history and importance of financial independence, particularly for women, with special guest Jannese Torres. Jannese shares her personal journey from a toxic marriage to financial independence and discusses her award-winning podcast 'Yo Quiero Dinero,' which aims to educate women about financial literacy. The conversation covers effecti...

Editor's Note: Here's one of the best podcasts from the archive that you may have missed. This episode initially aired on March 06, 2021. When my wife and I joined households 11 years ago, we combined our kitchen stuff, our furniture, our linens and just about everything else. The one thing we didn't combine? Our money. When it comes to money, she does her thing and I do mine. About the only time...

In this episode of Money Talks News, the podcast dives into the challenging housing market as Stacy Johnson and Miranda Marquit discuss strategies for buying a home despite high rates and low inventory. They are joined by real estate expert Mindy Jensen from BiggerPockets. Mindy shares insights on preparing finances, creative financing options, and the pitfalls to avoid in such a tight market. The...

Editor's Note: This episode initially aired on June 22, 2023. It may contain some details that are out of date. Are you familiar with Roth IRAs? If you're not, you should be, because Roth IRAs are a great way to get tax-free income after you retire. There is a potential fly in the ointment, however. Namely, not everyone qualifies for a Roth. If you make too much money, Uncle Sam says you can't use...

No doubt you've imagined being financially independent: No job necessary, no money worries, no debt and plenty of savings. Of course, "financial freedom" means means different things to different people, but one thing's for sure: Not many of us are there yet. One recent survey found that only about 11% of Americans are living their definition of financial independence. But no matter what financial...