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 …
PODCAST EPISODE 268 – The Average 401(k) Fell by 20%+ in 2022
WHAT WAS COVERED 00:00 – Episode begins 00:05 – Paul welcomes listeners. 01:40 – Article Breakdown: “The Average 401(k) Fell By an Obscene Amount in 2022”. 09:20 – Article Breakdown: Worried About Retirement Savings? 5 Reasons You’re Not as Ill-Prepared as You Think”. 20:55 – Article Breakdown: “The High Price Retirees Pay for Collecting Social Security Too Early”. …
PODCAST EPISODE 267 – Will AI Replace Your Financial Advisor?
WHAT WAS COVERED 00:00 – Episode begins 01:55 – Approaching the topic, Can AI be a financial advisor? 04:00 – 1st question with ChatGPT 08:20 – ChatGPT responding as Jim Cramer 10:30- 2nd question with ChatGPT 14:40 – ChatGPT’s take on Paul Adams 22:00 – How AI Affects your finances 25:34 – Episode ends, thank you for listening …
PODCAST EPISODE 266: Ochocinco’s Financial Advice for You!
WHAT WAS COVERED 00:00 – Episode begins, Paul welcomes the show.01:45 – Setting up todays topics 02:30 – Setting up the topic of today episode 04:50 – Chad Ochocinco video starts 19:45 – “Spending money to make money” 21:40 – Lifestyle addiction and what’s really important 27:15 – How to live life by design not default 34:50 …