Ride Your Money Wave

Matt M. is on the road to wealth.  At the age of 19, he already has $55,000 invested in the stock market.  Matt walks us through how he did it and what his plans are moving forward. 

Why I don't care about GME, AMC, or any of the noise happening in the market right now.  

The title says it all - 2 Steps to a Financially Successful 2021.  2020 was a rough year for everyone but somehow, my net worth increased 28%.   How?!  I attribute it to two things I did and share those with you in today's podcast. 

With Christmas around the corner, tis the season to want.  However, how healthy is that in our pursuit of happiness?  

Hey, it's me, Brian.  I know, I know...where have I been since July?  Dealing with my own money issues, if you must know.  In this podcast episode, I come clean about how my relationship with money got a little unhealthy and what I am doing to fix it.  

Years ago, Nolan sat in on a workshop I hosted, teaching students about money.  It was only an hour long but it was just enough to plant a seed in Nolan.  Since then, we have touched base with each other every few years when new financial opportunities - setting up Roth IRA, first 401(k) - came up.  When he emailed me to share some financial news with me, I thought it would be a conversation worth sharing.  

Last week, I had the opportunity to bring Andy Hill (virtually) into the studio to talk about money.  He had a remarkable financial journey going from -$50k to being a millionaire in about 10 years.  We speak openly about the role of money in our lives, our goals, and even our money mistakes.  Be sure to check out his podcast, Marriage, Kids, and Money.  

This has been a crazy few months for the world, economy, and stock market.  It seems like the economy has decoupled from the stock market, which begs the question: is this a good time to invest?  

Kevin O'Leary suggests we have $100,000 by the age of 33 years old.  He is so kind and wonderful, he will even give us to 35!  How nice of him.  Is it realistic?  Here is my take. 

Wealthfront used to be a fantastic platform to invest through, especially for young or low-income investors.  Now, the platform has changed.  

A received an email from Tomas, a real estate agent in Portland, Oregon (Keep Portland Weird!) asking me about what advice he should give his kids.  They are about to be sophomores in college and have $10k saved up and are working throughout the summer and throughout their college years.  

Sorry everyone, it has been a while.  In this episode, I bring you up to speed, reflect on Covid-19, and explain why focusing on progress is key.  

I have been reading so many people complain about the lack of financial literacy being taught in school.  There is an element of truth to that, but only an element.  The information is out there.  YouTube, apps, podcasts, blogs, websites, books...you name it.  A million ways to make a million bucks.  But, what do all of them have in common? A solid foundation.  A budget is a solid foundation.  Take a listen as to how a millionaire's budget differs from everyone else's. 

Well if that isn't a clickbait title, I don't know what is.  But, it is true...it took me about 10 hours of paperwork in total and I set up a passive strategy to make an extra $580,706.  

More and more people I talk to do not utilize a Roth IRA.  This investment account is going to become more important as the years go on IF our government decides to raise taxes to pay down our debt...you know, what a responsible person is expected to do.  

Here is the deal, a little misinformation when it comes to money can have drastic and a lasting impact on your finances.  That is why, it is so important to know how money, and all the markets around it, work.  Here, I clear up a few money myths that listeners emailed me.