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 – Info@sfgwa.com (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 …