Is successful investing all about making the right investment choice or is there more involved? What happens when investors take time to consider risk? Can you increase your odds of achieving your goals by factoring in risk? What are some guiding principals to use when looking at risk? Allison Schrager, author of 'An Economist Walks Into a Brothel', talks with Jordan Goodman about her new book, about risk, about investing, and about how risk assessment is used in almost every decision we make, from big to small. Shrager's examples of risk management used in legal prostitution help shine light and humor on risk management in business and finance.
Bio - Guest: ALLISON SCHRAGER is co-founder of the risk advisory firm LifeCycle Finance Partners, LLC and a journalist at Quartz. She has contributed to the Economist and Bloomberg Businessweek. Having earned a PhD in economics from Columbia University, Schrager lectures at New York University and is based in New York.
Wondering what are the most common mistakes in real estate investing and how to avoid them? What are daily habits that have led to success for other established real estate investors? What are some of the big mistakes other investors have made and how did they bounce back? What can you learn from other real estate investors' experiences? Jordan Goodman, host of The Money Answers Show, talks with Zach Beach about his new book, 'New Rules of Real Estate' and about Beach's experience being part of the Prefontaine family of real estate pros.
Bio - Guest: Zach has been around the real estate business for over 7 years, coaching and mentoring. Zach’s current focus is helping our Associates from many backgrounds and situations, looking to start or continue their REI business. He specializes in speaking with sellers to find the best option for them. He helps acquire 5-10 properties every month between the family business and Associates. It was a natural fit for him to be involved in this part of the business because, at heart, he is a problem solver and a people person. His skills in marketing and finance have allowed him to thrive in such a short period of time in this business. Zachary is always educating himself and is always striving to become the best he can be. He is constantly looking for ways to sharpen his skillset in order to educate others.
What should you do if you know your kid will need to take out student loans for college? Can the cost of college be tamed? Are student loans all the same? What strategies can you use to help lower out-of-pocket costs? Is it really worth pursuing scholarships? Are students and families doomed to incur massive debt? Jordan Goodman talks with Brad Baldridge, certified financial planner and college funding consultant, about how to approach paying for college. There's a lot more to pay attention to than filling out FAFSA forms and applying for loans!
Bio - Guest: Brad has been a college consultant since 2004 and is the founder of Taming the High Cost of College. Brad is also a Certified Financial Planner TM who has been helping families integrate their college planning with their retirement goals and investments. Brad received his Bachelors of Science degree from the University of Wisconsin Platteville in 1990.
Bio - Guest #1:Oonagh McDonald is an international financial regulatory expert, author, former member of Parliament and international advisor on financial regulatory matters. Dr McDonald a CBE (Commander of the British Empire, an honor awarded by the Queen on the advice of an independent Commission) for services to financial regulation and business in 1988. In the early 2000's Dr. McDonald began taking more of an interest in the United States and the global financial crisis. As a result, she authored two books and several papers on the subject. Her insights and observations are helping regulators and the general public understand and fight financial crime. McDonald’s most recent book, ‘Holding Bankers To Account: A Decade of Market Manipulation, Regulatory Failures and Regulatory Reforms’ was published April 1, 2019.
URL #1: http://www.oonaghmcdonald.com/
Bio - Guest #2:Ashley Micciche is the CEO of True North Retirement Advisors, an independent financial advisory firm managing $230 million in client assets, and located just outside of Portland, Oregon. Ashley specializes in designing, building, and implementing custom-designed exit plans to help her business owner clients secure their final and most important business decision – the exit from their business. She is on a mission to transition 300 small business owners successfully into retirement in the next 10 years.
Do you struggle to make good decisions about your money? Do you find managing your money anything but easy? Or did you start out with a solid plan and then lose your way? Jordan Goodman, Host of The Money Answers Show, talks with Peter Lazaroff, author of 'Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever.' Lazaroff and Goodman talk about investing, the biggest investing mistakes people often make, buying a home, and when its time to work with a financial advisor.
Bio: Peter Lazaroff is the Chief Investment Officer at Plancorp, which is a national wealth management firm with over $4 billion in client assets. Despite managing such a large amount of assets, Peter has gained a reputation as an educator due to his ability to distill complex ideas into easily digestible lessons. He regularly contributes articles to The Wall Street Journal and Forbes, but he just released his first book -- Making Money Simple: The Complete Guide to Getting Your Financial House in Order and Keeping It That Way Forever.
What is financial infidelity? How does financial infidelity affect a marriage? Why do couples fight about money? What happens if you have opposing financial styles? Can this relationship flourish? Jordan Goodman talks with Neale Godfrey, NYT Best Selling Author, speaker, leader and financial authority, about the dynamics of financial management within relationships, where typical conflicts arise and what people can do to survive and thrive.
What makes a side hustle profitable? Are there start-up fundamentals that can lead to making money from something other than your 'real' job? Can you truly afford to not build your own safety net when it comes to income streams? Jordan Goodman talks with Tony Whatley, author and entrepreneur, about his experience building and selling his side hustle for millions after five years. Whatley and Goodman discuss the critical elements of setting up a hobby or side hustle for success and strategies for building a secondary income stream.
Are you financially literate? What exactly is financial literacy and when does someone reach that point? Is there a relationship between how much you know about how money and finance work and how your financial reality plays out? Can you change your financial status just by improving your understanding of money? Jordan Goodman talks with Valentino Sabuco, Executive Director of The Financial Awareness Foundation, about the massive problem of financial illiteracy and its ramifications. Sabuco and Goodman discuss the importance of estate and gift planning and why its crucial for everyone, not only the rich,what financial knowledge is and steps anyone can take to improve their personal financial skills.
Bio: Valentino Sabuco is the Executive Director and Publisher for The Financial Awareness Foundation. The mission of the Foundation is to significantly help solve a major social problem dealing with the lack of financial awareness and the financial illiteracy epidemic. The Foundation believes that teaching financial awareness, financial literacy and the principles of smart money management empowers people to make better informed everyday money decisions so they can live a quality life and pass on values, knowledge and assets. Sabuco has taken an active leadership role to recognize domestic and international organizations championing improving financial awareness and financial literacy. Valentino has over 40 years of experience as a seasoned business and nonprofit executive, as a “fee-only” financial planning professional, CEO/Founder of a financial publishing company, board member, syndicated columnist, and public speaker. Valentino lives in Sonoma County with his wife and 2 daughters.
How truly secure are your real estate investments? Where are savvy investors putting their money to get the largest returns? What's the relationship between real estate investing and multi-generational wealth? Are there hidden tax savings for real estate investors? Should investors be focused solely on profits? Jordan Goodman, host of The Money Answers Show, talks with Paul Moore about real estate investing trends, wealth building, focus, and more. Moore and Goodman discuss why Moore left multi family real estate syndication investing in favor of real estate investment funds, Moore's commitment to ending human trafficking, and Moore's forthcoming book on self storage investing.
Bio: Paul started on the management development track at Ford Motor Company, leaving five years later to start a staffing company with a partner, selling it for $2.9 million five years later. Paul then started in real estate, where he completed 85 investments and exits, appeared on an HGTV Special, rehabbed and managed dozens of rental properties, developed a waterfront subdivision,and started two successful online real estate marketing firms.Three successful developments, including assisting with development of a Hyatt hotel and a multifamily housing project, led him into the multifamily investment arena. Paul co-hosts a wealth-building podcast, How to Lose Money, and is a frequent contributor to Bigger Pockets. Paul is the author of The Perfect Investment-Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016) and has a forthcoming book on self-storage investing. Paul is the Managing Director of two commercial real estate funds at Wellings Capital.
When is a good time to buy? Should investors be bullish in every economoc situation? What's the relationship between retirement and investing? Does retirement age mean people need to pull completely out from the market? Jordan Goodman, America's Money Answers Man, talks with Eddie Ghabour about investing, risk management, life planning and retirement in the first half of this Money Answers Show. Ghabour is the author of 'Common-Sense Bull: The Keys to The Good Life Before and During Retirement.' Is the IRS spying on you? What exactly does the IRS do with the river of data they've collected about you? What gives the IRS the right to collect all this information and who granted that authority? What are your rights when it comes to what the IRS knows about you? Jordan Goodman talks with Daniel Pilla, an expert in IRS procedure and advocate of citizen rights in the second half of today's show. Pilla and Goodman also discuss how to respond to lower tax refunds this season.
Bio - Ghabour: Eddie is the co-owner and the managing partner of Key Advisors Group, LLC. He graduated from York College of Pennsylvania with a degree in Economics and Finance. He started Key Advisors Group, LLC in 2000 with his business partner. Since then Eddie has qualified for the prestigious, MDRT, Court of the Table, and Top of the Table honors* each year. Specializing in money management, Eddie focuses on retirement and estate planning strategies for his clients, He works with local CPAs and attorneys implementing tax saving strategies to help clients protect their hard earned assets from unnecessary taxation. He is a member of the local Chamber of Commerce and The National Association of Insurance and Financial Advisors. Eddie, his wife Lauren, and their sons Eddie and Elijah reside in Milton, Delaware. In his free time Eddie volunteers as a coach for Lewes Little League. Eddie Ghabour is an Investment Advisor Representative who offers investment advisory services through WFG Advisors, LP.
Bio - Pilla: Dan Pilla’s primary calling is that of tax litigator. He is considered America’s leader in taxpayer defense, taxpayers’ rights, and IRS abuse prevention and cure. Regarded as one of the country’s premiere experts in IRS procedures and general tax financial-problems resolution techniques, he has helped hundreds of thousands of citizens solve personal and business tax problems they thought might never be solved. As the author of fifteen books, dozens of research reports, and well over a thousand articles, Dan’s work is regularly featured on radio and television, as well as in major newspapers, leading magazines and trade publications nationwide. Dan is a frequent guest on numerous talk radio and TV programs where he is heard by millions of people each year. He lives and works in Stillwater, Minnesota (east of St. Paul), with his wife, Jean, of 32 years, and their family.
What should new college grads do - pay off student loan debts or invest? Is there a way to build wealth if you're drowning in student debt? Isn't all debt debt - or is there a difference between student loan debt and credit card debt? What role do ethics play when figuring out how to plan your life once burdened with debt? What's the one behavioral change that could help a young person build wealth? Jordan Goodman, America's Money Answers Man, talks with Michael C Taylor about student loan debt, college graduates, and building a life that enables the creation of wealth. Taylor is the author of 'The Financial Rules for New College Graduates: Invest Before Paying Off Debt and Other Rules Your Professors Didn't Teach You.'
Bio: Michael Taylor writes about finance for the San Antonio Express News and the Houston Chronicle. He is the author of ‘The Financial Rules for New College Graduates. Taylor graduated magna cum laude from Harvard in 1995. He was a Fulbright Scholar in Mexico in 1996, and worked as a fixed income consultant from 1996 to 1997. He sold bonds for Goldman Sachs in the Emerging Markets and Mortgage Departments from 1997 to 2004. In 2004, Taylor founded Cedarcrest Capital LLC, a purchaser of distressed fixed income assets. He served as Finance Chair and Investment Chair for the Board of Trustees of the Armand Hammer United World College of the American West from 2003 until 2016, after graduating from there in 1991.
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