Something On My Mind

This week’s personal finance tip is about managing your wine.  A personal finance tip on wine you say? Absolutely!  How often have you opened a bottle and two days later it begins to taste like vinegar? This has to do with oxidation and then your pouring it down the drain. To find wines that are made with purpose for a value play, you have to spend between $15 - $25. So what can we do to get more...

This week's episode is about the real estate agent pay structure. The standard pay for a seller is 6%; 3% to the seller's agent and the 3% to the buyer's agent.  In the scheme of things, this a very costly venture for the seller. For the buyer it is 2-6% of the purchase price to obtain the home for fees, title, taxes, insurance etc.  Does the system need to be changed? We explore alternatives.  In...

This week’s topic is about the hidden value of measuring furniture and appliances before purchasing them. It is a great feeling to buy new big ticket items such as a refrigerator or a furniture set. It is fresh, it is untarnished and everyone loves the way it looks in the house.  So when it comes to making a new purchase, a common mistake occurs when the area an item will be placed is not measured...

In this show we celebrate our 100th full-length episode. We look back on how we started and where we are now. In the financial topic, we cover interesting statistics regarding millionaires and you can explore where we fit in that circle. We also have each host bringing a mystery top 10 list on any subject sticking with milestones. In the roundtable we discuss experiences with driving in unfamiliar...

This week’s topic is about tracking your crypto currency transactions for tax purposes. There are more than 10,000 coins on the market making crypto a household word. Hence, the IRS has taken note and expects filers to report results of their trading activity. We covered this in our personal finance tip #55 where each year you calculate what you have in gains versus losses, and determine what that...

In the roundtable, we discuss how individual body parts are ugly.  Website   https://www.somethingonmymind.net/ Merchandise https://www.somethingonmymind.net/shop This week we discuss a woman's question about how to manage her money after he husband passes due to a terminal illness. She assets coming from his trust and some on her own; however, she has no plan in place.   In the roundtable we disc...

This week’s topic is about how you can create bulk purchasing power to save money with quality. It is no secret that buying in bulk gets you larger quantities for lower prices.  We typically see this with the big players such as Sam’s Club and Costco and this can also be present with Internet shopping as well.  So this is a great thing; however, many of the products that are sold come in limited p...

In this week's episode we discuss the state of the American wedding with special guest Ciara Carter from the Run Thrive Survive. Are weddings cheaper during COVID? Why are people hurting themselves by not budgeting before entering into marriage? What's more important . . . the marriage or the mortgage.  In the roundtable, we discuss if their is a future with soylent as a replacement for solid food...

Super Bowl 56 between the Cincinnati Bengals and Los Angeles Rams is projected to reach approximately 117 million viewers and in 170 countries. So let’s go through some current stats: -The average cost of a Super Bowl LVI ticket is more than $9,000.  -Nearly $30,000 was the highest price ever paid for a Super Bowl ticket. -17 million people are expected to miss work the day after Super Bowl -1.42...

This week’s topic is about managing your tax returns. By the beginning of February most people should have all documentation necessary to file their taxes.  When it comes to filing the standard date to complete this April 15th.  At this point in time, you can actually adjust your filing to a fiscal year. In my case, I account for the tax I need to save from March to March each year, rather than Ja...

Special guest Joe DiSanto of playlouder.com discusses his path to successful entrepreneurial investing and personal money management methods to achieve success and give yourself the option to retire earlier.  In the roundtable we discuss why isn't fun to be the only sober person in the room full of drunks.  About Joe Joe DiSanto is a fractional CFO and consultant to small businesses and high-incom...

This week’s topic discusses the world of cheese and how to get the most from this fermented product loved the world over.  According to Wikipedia cheese was cultivated approximately 7,000 years ago by accident, as a result of storing and transporting milk in bladders made of ruminants' stomachs, as their inherent supply of rennet (enzymes) would encourage curdling. So needless to say being cheesy...

In this week's episode we discuss what hawkish and dovish means when it comes to the Federal Reserve raising or lowering rates. With the supply chain and labor shortage intertwined with high demand for products core inflation has risen sharply.  We also will cover the playbook on how to manage your investments.  In the roundtable we discuss the option to put your body in a cryo tube with the hope...

This topic centers on the early child tax credit and filing your 2021 taxes. In an effort in 2021by the US government they wanted to provide more families with additional cash in their pockets, they issued early child tax credits from July through December.  If you qualified, these monthly payments were advances on 50% of the credit.  In the past they would have been issued in the following calend...

This week’s topic discusses how to save money on printer ink cartridges.  Over the years it has become commonplace for people to own a printer just like with a television or a cell phone.  This is a great convenience and is worth the money as paying for printing service over time is a much more costly affair.  When it comes to maintenance, ink cartridges will need to be replaced or refilled from t...

This week we talk about the options of paying off the mortgage early: the advantage is removing debt which is always a good thing; however, does invest in real estate or the stock market have a better long-term benefit? In the roundtable we discuss that nerds can be popular too! Website   https://www.somethingonmymind.net/ Merchandise https://www.somethingonmymind.net/shop Social Media  https://ww...

This week's topic is about the true cost of new appliances and warranties. We are a society that has too much stuff and we have become accustomed to the conveniences that have made our lives easier than it did for our grandparents. This is a great thing; however, appliances have become increasingly expensive due to the features that they offer as well as the high rate of inflation mainly due to th...

This week we highlight tips for online shopping. What types of research are beneficial and where to obtain it. Also, we perform a historical look at 2021's purchase to reveal the reason why we purchase items. In the roundtable we discuss the words and phrases that people use to intentionally insult people as well what we do pacify their behavior in conversations.  Website   https://www.somethingon...

This week’s topic is about student loan moratorium. The federal student loan moratorium has been extended for the third time due to the Coronavirus pandemic. The loan relief began in March of 2020 and was set to end September 30, 2021 which was moved to January 31, 2022 and then moved again to May 1, 2022.  Moratorium means that payments for principal or interest are not required and without any p...

This week we cover important details that are important to understand with your auto insurance policy. Should your rates go up if you are in an accident that is not your fault? There are also some items can save you money while there are hidden items that may cost you money in the long run. In the roundtable we discuss unusual names that people have and how they affect people and what they can do...

This week’s topic is about travel insurance and is it worth the cost? As a result of the Covid pandemic, many vacations have been cancelled and  thousands of people have lost thousands of dollars that can not be redeemed.   This is where travel insurance can soften the blow. Typically it covers medical emergencies, trip cancellation, trip interruption, delays, medical needs, and lost, damaged, or...

This week we cover the ins and outs of auto dealers offering lease pull aheads. What are the advantages and the disadvantages? What is FOMO that the car salesman are pitching? We provide insight on aid you in your decision making. In the roundtable we discuss white elephant gifts and useless inventions.  Website   https://www.somethingonmymind.net/ Merchandise https://www.somethingonmymind.net/sho...

This week’s topic is on the cost of dry cleaning and is it safe to wash the clothes at home? Dry cleaning is one of the most overlooked items in the budget and oftentimes it is not accounted for. The first question is how much does it cost each year.  The unfortunate thing is that this is not a tracked statistic; however, busy professionals, especially in dual households, can easily spend $100 per...

In this week's episode we handle a financial hodgepodge of questions from listeners.  1: Should congress be able to create legislation around crypto when are owners of it. 2. We examine a question that asks: what percentage of the bills  should be paid when the home is owned by the other partner.  3. We cover a story about a professor who offered a cash reward if just one of his students read the...

This week’s topic is about realized capital gains before the year ends.  As the year ends it is a common practice for investors to balance losses against gains to minimize taxes that are paid to the IRS each year.  This applies to ownership in stocks, bonds, mutual funds, options and even crypto.  When owing these assets we are referring to after tax accounts which is a straight brokerage account...