One For The Money

Many Americans dream about owning property they can rent for passive income. In this episode of the One for the Money podcast, I examine whether investing in real estate or the stock market is better. Listen to the end when I share tax-saving strategies associated with selling real estate. In this episode... All investments carry risks [02:22] Advantages of investment properties [06:24] Capital ex...

Economists are debating whether or not we will have a recession this year. The Wall Street Journal recently noted that this has become the most anticipated recession in recent U.S. history. In this episode of the One for the Money podcast, I share about recessions and my five rules of investing. Listen to the end when I share a tip about the amazing power of dividends. In this episode... How to pr...

99.9% of businesses across the U.S. are small businesses, with eight out of ten being owner-only businesses. In this episode of the One for the Money podcast, I share strategies that small business owners can consider to save on taxes. This episode is the second of two on the subject. I recommend you listen to episode 35 to hear other strategies. Listen to the end when I share an approach to tax d...

Small business owners have much to consider to maximize their tax savings. In this episode of the One for the Money podcast, I share strategies that small business owners can consider to save on taxes. As there are many strategies to consider, this will be the first of two episodes on the subject. In the tips, tricks, and strategies portion, I share an additional business tax strategy utilizing th...

Springtime symbolizes renewal and new beginnings. How ironic that this season is when we’re required to file our taxes and look back at the previous year’s finances. In this episode of the One for the Money podcast, I share why not only is assessing our tax strategies essential but also assessing the tax code in general. Listen to the end when I share a strategy regarding significant tax savings t...

We all make choices. But in the end, our choices make us. While a better life results from actions you have taken via better planning, outside factors need to be considered to implement better planning strategies. One of those forces is the reality of our national debt and its impact on our taxes. Mitigating these effects is the subject of this episode of the One for the Money podcast. In this epi...

I’ve heard it said that pessimists sound smart, but optimists make money. In episode 17 released this last July, I shared the case for why we should be optimistic about the future. In this episode of the One for the Money Podcast, at the beginning of a year when many believe we will see a recession, I make an additional case for why we should remain optimistic. In the tips, tricks, and strategies...

Every once in a while, Congress makes changes to your retirement. In this episode of the One for the Money podcast, I talk about recent, significant changes. Your financial plan must take advantage of these changes because there are always winners and losers when Congress makes changes. In the tips, tricks, and strategies portion, I share tips on reducing your taxes in retirement. In this episode....

Let’s talk about the B-word: budget. In this episode of the One for the Money podcast, I share information about budgeting, why it is essential, and how to use it to invest in your future self. In the tips, tricks, and strategies portion, I share a powerful tip on why you want to avoid credit card debt. Listen in to learn how having a spending plan can help you aim to reach your goals. In this epi...

This episode of the One for the Money podcast airs on January 1st when many Americans make resolutions to improve their lives. These resolutions often focus on eating better and getting more exercise, perhaps because of everything eaten during the holidays. In this episode, I share why, financially, it’s better not just to be wealthy and wise but healthy too. Listen to the tips, tricks, and strate...

In this episode of the One for the Money podcast, I explain one of the greatest financial risks you could face in retirement, which has nothing to do with the stock market! I’ll also share the planning strategies you can use to address this risk. In the tips, tricks, and strategies portion, I share a strategy to reduce the financial risk associated with lawsuits. Listen to learn more! In this epis...

Can you retire when you have debt? This episode of the One for the Money podcast focuses on answering that question. More and more Americans are retiring with a mortgage, but is it right for you? Doing so depends on many factors that can’t be assessed in isolation. Listen to the end when I share a simple strategy to pay off your mortgage early. In this episode... Keeping mortgages past age 65 [01:...

While the One for the Money podcast focuses primarily on retiring early on a permanent basis, this episode explains the planning needs to retire even earlier via a mini-retirement. A mini-retirement provides the opportunity to test-drive a full retirement, allowing the individual to travel, volunteer, and pursue new hobbies or other interests. In the tips, tricks, and strategies portion, I share s...

While an early retirement can be a result of actions you have taken via better planning, there are outside forces that need to be considered as well. One of those forces is the Federal Reserve. In this episode of the One for the Money podcast, I share why the Fed is not necessarily your friend unless you are a bank. Listen until the end to hear more strategies to consider, given the actions of the...

We often focus on the amount we need to retire comfortably. In this episode of the One for the Money podcast, you might be surprised to learn that most retirees die with too much money and too few memories. I’m not advocating that we reduce our savings for retirement. Instead, we should enjoy the fruits of our labor both before and during retirement. In this episode... The strongest force in the u...

The question I’m most often asked is, “Will I be able to retire?” In this episode of the One for the Money podcast, I answer that question and share ways to know you’re on the right track. In the tips, tricks, and strategies portion, I explain how a simple rule can help you track your progress towards retirement. Listen to learn more! In this episode... Well, it depends… [01:06] Determining yearly...

If you are confused about what estate planning is and its importance, this episode of the One for the Money podcast will resonate with you. I break down the critical elements of an estate plan and their respective purposes, which should help you understand why you need one. In the tips, tricks, and strategies portion, I share tips on ensuring your estate plan is executed as you had planned. In thi...

In this episode of the One for the Money podcast, I explain how everyone has an estate plan. I also provide reasons why you want better than the default. In the tips, tricks, and strategies portion, I share a tip in the form of a sad story that shows why you want to review and communicate details of your estate plan to the responsible party. Listen to learn the importance of estate planning and th...

Even the best savers can run out of money in retirement. In this episode of the One for the Money podcast, I share how making the appropriate adjustments in the few years before and after retirement can help prevent that. In the tips, tricks, and strategy portion, I’ll share information for those who started saving later for early retirement. Listen to learn more! In this episode... Into thin air...

This episode of the One for the Money podcast is a little different than previous episodes, as it’s more of a “buyer beware” when buying life insurance. Life insurance is a valuable part of any financial plan, but I’ve seen too many individuals fall for the tricks of some insurance salesmen. Listen to the end when I share strategies on some of the best ways to buy life insurance, which some agents...

In this episode of the One for the Money podcast, I share a personal, financially painful experience that can serve as an example of why you should stay invested. Considering the stock market of late, this is quite a timely topic. Listen to the end when I share a strategy you can use some stock market losses in a non-retirement account to ultimately reduce your taxes. In this episode... Unpreceden...

How much does the news influence your financial decisions? This episode of the One for the Money podcast focuses on the optimism we can have in the market, even through disheartening times. The world has changed dramatically over the years, yet time and time again, investments have proven themselves. Listen through the end when I share tips regarding credit scores. >>>>>player code...

This episode of the One for the Money podcast is part two of this month’s series on the cost of college and how to pay for it. In the last episode, I talked about the rising cost of college and student loans. This time, I will share information about the 529 college savings account. Listen to learn some strategies to make the most of your money investing in your loved one’s college expenses. In th...

June is the graduation season, so the episodes airing this month will focus on the cost of college and how best to pay for it. This episode of the One for the Money podcast focuses on your ability to pay for the college education of your loved ones effectively. Listen until the end when I share a great resource to help you further understand the expense of college and additional options on how to...

Many people struggle with finances, and it’s heartbreaking to see. In this episode of the One for the Money podcast, I share my personal experience with what happens when there is no financial plan. Financial literacy and education are critical life skills that can benefit us all. Listen in, and at the end, I’ll share a tip regarding calculating your net worth and why you’d want to do that. In thi...