Podcast And Blog
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 should…
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 multiple…
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 coin…
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 ability to…
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 14:47 –…
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 and how…
