Money Tree Investing

Anand Talwar from Ally Bank explains how banks make their money. The primary way is through loans. Consumer loans, such as Ally's leading auto finance business, need to charge more in interest rates than they are paying out in savings account interest. This ensures the entity earns more than it spends on overhead and other expenses. Anand points out that brick-and-mortar banks have different expen...

Would you move to an overseas city if it only cost $40k a year to live? CNBC wrote an article about five overseas cities where you could have a comfortable retirement for $37,000 a year. Miranda, Joe and Linda talk about the things one would have to leave behind but also the benefits of moving to a different location that don't only have to do with money. Pros and cons to moving overseas: The inte...

Recently JP Morgan announced the release of their new investing app, which leave many saying "Welcome to the club". Fintech is changing the way we do money - and it's here to stay. Budgeting, spending, investing, and even trading are all influenced by fintech. Fintech products are helping people become influence marketers, and our guest Joe Saul-Sehy says apps help create community. One more thing...

75% of people who receive inheritances go through all the money within 5 years. Aretha Franklin passed away intestate (without having made a will). Doug Goldstein knows a thing or two about inheritances and released a book with helpful advice about how to handle a windfall - and how to properly leave an inheritance to your loved ones. For more information, visit the show notes at http://moneytreep...

Dr. Daniel Crosby shares the fundamental methods for investing success based on his studies of human behavior and finance.  The 4 C's to behavioral investing: Consistency Clarity Courageousness Conviction and some of The Ten Commandments of Investment Behavior. For more information, visit the show notes at  http://moneytreepodcast.com/207

If you believe we are due for a correction in the market, would you plan to borrow money on your house to invest during the downturn? That's what one listener, Sigmund from Norway, plans to do. He's debt free and has a paid-for cabin, which he plans to mortgage during the next recession. What does the panel think? Charles's daughter has $1,000 worth of EE Savings Bonds that were given to her over...

Linda P. Jones feels the financial industry hasn't done a good job getting women interested in investing like it has for men. But what's the real harm? Linda shares reasons why it's important for women to become a "Wealth Heiress" so they don't outlive their savings and she gives clear direction with helpful tips in her new book " You're Already a Wealth Heiress! Now Think and Act Like One: 6 Prac...

Do you take into account the social mission or the social impact of the investments you buy? Eddie Lorin from ImpactHousing.com shares ways to invest well while doing good. Eddie helps people invest in ways that help people through the investments they purchase, such as REITs that invest in multi-family properties. For more information, visit the show notes at http://moneytreepodcast.com/204

Real estate investors Jake and Gino bought their first rental property, then learned it was a "crack den". But they didn't quit, and they own more than 900 multifamily units. They speak with Linda P. Jones about what it's like to own multifamily units - and what to look out for. "You make money on the buy", says Gino. Our panel agrees, and discusses more on the topic of multi-unit rental real esta...

Mark Byelich and Paul Murray say the best and most advantageous bucket is the tax-free bucket. A tax-free bucket includes things like Roth IRAs, Roth 401(k)s and the cash value of life insurance policies. Mark and Paul, from  share their thoughts with Joe Saul-Sehy, which led to an interesting discussion with the panel about: Can you live a lifestyle and pay no tax? Is permanent life insurance a g...

We are starting the next 200 episodes with another Listener Questions episode: Michael is 35 years old, has no debt, and $30,000 in his checking account. He contributes 3 percent of his earnings to his company's 401(k) to gets the match. Michael wants to get more aggressive with his investments. Should he contribute more or just change out of a target date fund? John wants to understand the differ...

Celebrating our 200th episode with stories of our biggest successes and financial mistakes. For more information, visit the show notes at http://moneytreepodcast.com/200

It's not the technical stuff that keeps people from failing in retirement, life events keep people from making it through their golden years. Greg Sullivan says personal, emotional and relational things that happen in life that can throw your retirement. He says making portfolios based on 8 years of cash needs, and some incremental changes along the way to retirement, helps weather the storm of an...

The secret to success doesn't come from a pill. Julia Carlson shares tips she sees her rich clients use to create wealth. Surprisingly, most of her tips don't involve being the best at investing: • Couples do finances together • Investing while living on less then you make • Making purchases based on experiences and not stuff She also shares information about her clients paying off the mortgage an...

Tracy Worthington didn't want to go to college, so she got a cosmetology license. She began by selling candles and soaps to friends but ended up creating an entire line of 100 items. Today she runs a very successful business in Palm Springs called Just Blow Drys. This prompted Linda to inquire, "Will entrepreneurship be the key for the next generation to create their wealth?" The panel also gets i...

Whether using an investment manager or robo-advisor, setting a goal is one of the most important steps in financial planning. Rick Frisbie from RobustWealth.com speaks to this point and the importance of having an investment strategy that will take you to where you want to be down the road. Investing doesn't have to be just for retirement savings. It can be for travel, a new house, anything you ca...

When shopping for long term care insurance, what are the pros and cons to take into consideration? This is the first in a line of questions we answer from you - the listener. Cheryl asks about the pros and cons of long term care insurance. Dan is familiar with a Child IRA and wants the panel to talk about a Ricky Trust. They take it a bit further by discussing the benefits of investing at a young...

Why does the market drop when financial news is good? This is just one listener question we answer in today's Listener Questions episode. Justin saw the job's US jobs report described more job and better pay, but S&P fall more than 2 percent that day and 4 percent the following Monday. Harry wants to know if he should move out of his Target Date Fund into a lower cost index fund. He also wants to...

Taylor is on the way to FI (financial independence). He also likes the idea of retiring early, which completes the acronym FIRE. So he and his wife are putting away more than 70 percent of their income. Before his journey, Taylor liked saving money. Then met a woman who brought more frugal habits into their relationship - and more income. He also read The Richest Man in Babylon, which furthered hi...

Miranda sits down with Lorraine Ell, CEO and Senior Financial Advisor at Better Money Decisions, about ways to find and identify the right financial advisor for you. Are there clear signs for when you need to seek the advice of a financial advisor? You want to find an advisor that does comprehensive planning, not just one who looks at your retirement savings. Does your financial advisor help you t...

Jake focuses on dividends. Should he invest in a single REIT and reinvest dividends until retirement? This is just one of the questions we tackle from our listeners on today's Money Tree Investing Podcast. For more information, visit the show notes at http://moneytreepodcast.com/191

Student Loans have become the single most concerning financial issue with young people and the millennial generation. Whether you signed the dotted line with full knowledge of what happens when you take on student loans or you unknowingly signed your life away for a college degree, the debt must be satisfied in some way. Robert Farrington of TheCollegeInvestor.com led the charge last month with th...

Raoul Davis Jr from AscendantStrategy.net talks with Linda about what an entrepreneur is and how important they are to our future. The internet has made entrepreneurship much more achievable for the average person: social media makes it easier to connect with people, email allows entrepreneurs to make direct sales to individuals, and LinkedIn helps entrepreneurs find industry professional they nee...

Eric Ervin created an ETF of blockchain technologies. He knows the power behind the technology, and can see larger companies using blockchains in a variety of ways. Not only can blockchains develop cryptocurrencies, but they can also work to record legal contracts and be a record of documentation. Then the panel discusses the question, "Can blockchain be a viable asset class"? For more information...

Our guest today is Karen Chan, a Personal Financial Educator working with the Federal Reserve Bank of Chicago to promote Money Smart Week. Karen shares financial basics for those just getting started and the "easiest way to build up savings." For more information, visit the show notes at http://moneytreepodcast.com/187