WHAT WAS COVERED 0:15 – Introduction to this episode. 3:16 – What should I do with my PPP loan? 9:41 – Being good stewards of your capital. 15:07 – How to filter what you say against reasonableness? 19:56 The trade-off between short-term pain and long-term pain. 24:08 – Take a pay cut or take a pay vacation. 28:43 – …
PODCAST EPISODE 285 – Does Your Bank Offer a Wealth Coordination Account?
WHAT WAS COVERED 0:12 – The episode starts 2:59 – The biggest quandary of the credit union. 5:37 – Taking pictures of bank signs. 8:08 – The problem with budgeting and saving. 12:46 – The residue model vs. the catalytic model. 14:25 – The importance of having a wealth coordination account. 17:05 – Taking back the use of financial …
PODCAST EPISODE 284 – How Annuities Work…Or Don’t
WHAT WAS COVERED 0:12 – Start of the episode 1:43 – What is an annuity? A vehicle? 4:48 – What does an annuity do? 10:23 – What happens inside the annuity? 13:00 – The investments inside most annuities. 17:27 – No upfront sales charge. 19:12 – The different types of annuities. 21:46 – Qualified annuities. 26:08 – The downside …
PODCAST EPISODE 283 – 401(k) vs. Roth 401(k) What’s The Difference?
WHAT WAS COVERED 0:12 – Podcast starts 1:34 – The basics of a 401k. 3:56 – What actually happens in Korea? 6:37 – Building financial independence for the sake of a “work optional” lifestyle. 11:44 – Do you know what the tax rate is for retirement? 14:06 – How to calculate the tax liability. 16:08 – How much money …
PODCAST EPISODE 282 – IRA vs. Roth What’s The Difference?
WHAT WAS COVERED 0:08 – Introduction to today’s episode. 1:42 – Understanding the tax burden of an IRA. 3:11 – What is the net amount each year? 4:33 – What happens if tax rates are higher? 5:58 – The difference between traditional and Roth IRAs. 7:31 – No taxes on the Roth IRA. 9:08 – The benefit of having …
PODCAST EPISODE 281- Did Elon Musk Really Do This?
WHAT WAS COVERED 00:07 – Introduction of the episode. Sound financial group rebranding and new format. 02:28 – The controversy of the day, Elon Musk. 04:32 – We have no idea if the content is real. 06:57 – What we shouldn’t treat as true when investing. 09:33 – You can’t trade based on news. 14:06 – Asset Management is a …
PODCAST EPISODE 280 – Thinking Accurately About Money – Part 2
WHAT WAS COVERED 00:00 – Episode begins 00:05 – Paul welcomes listeners and explains what the episode is about 00:40 – Mister Money Mustache and the simple formula of work-optional lifestyle 05:31 – Impact of social security on your capital 10:50 – How to invest. Active vs passive management 16:30 – Impact of race or age on one’s …
PODCAST EPISODE 279 – Thinking Accurately About Money
WHAT WAS COVERED 00:00 – Episode begins 00:05 – Paul welcomes listeners and explains what the episode is about 01:20 – John Patterson introduces Paul and the topic of the focus lecture 06:41 – Paul’s credibility and experience 07:31 – Money is an inescapable, unavoidable condition of life. 11:57 – How much money you actually need to retire …
PODCAST EPISODE 278 – How to Lose Money in Real Estate
WHAT WAS COVERED 00:07 – Introduction to today’s episode. 02:08 – What happens when you buy real estate syndicates? 07:13 – The difference between a syndicator and an investor. 12:07 – Investing in the Houston market. 14:38 – Rent increases and benefits. 19:11 – Investors want to see their money go to work. 24:46 – What is depreciation …
PODCAST EPISODE 269 – Should They Invest More in Real Estate?
LINKS https://www.wsj.com/personal-finance/americans-are-bailing-on-their-home-insurance-e3395515 https://www.wsj.com/personal-finance/retirement/high-earners-50-and-up-get-two-year-reprieve-from-irs-on-401-k-rule-3a6d4727 https://www.wsj.com/finance/investing/how-to-get-rich-and-famous-from-a-stock-market-crash-6914580a Curious what you can accomplish with our help? Schedule a free 15-minute meeting with us! sfgwa.com/scheduling Sound Financial Group’s Website for a Financial Inquiry Call – [email protected] (Inquiry in the subject) Your Business Your Wealth on Instagram Your Business Your Wealth on Facebook Sound Financial Group on LinkedIn Paul Adams on LinkedIn Cory Shepherd on LinkedIn Cape …