Barron Von Earl Sir Duke Lord Turner | Rock-n-Roll Comedy Train wreck

- There is a huge difference in how much someone 'makes' vs. how much they take home and have in the bank. When you can identify the difference you can avoid some clever marketing tricks.

- A new side gig pays $7,500 for 3 days of work. You won't believe what it is.

Listener questions:

- April (Florida) is having problems binging on buying stuff and breaking her spending plan.

- Angel and her husband ask for techniques they can use to get out of debt quicker.

- Justin asks about day trading as a career.

Also mentioned on the show:

- Red alert warning - What are the real earnings you can expect from MLMs?

- Two people say they made a 'stupid' decision to borrow for a car. Was it a good decision or not?

- Anonymous ((Portland, OR) shares a lesson picking your top priorities in life.

Show links:

https://www.cs.cmu.edu/~dst/Amway/AUS/stats.htm

https://www.dalbar.com/Portals/dalbar/Cache/News/PressReleases/ActiveVPassiveInvestorReturns.pdf

- Everyone is bad at money at some time or another in their life, right? Scott shares the first step in figuring out how to improve any situation you are in.

Listener questions:

- Aida (California) asks about borrowing from a 401(k) to pay off debt.

- Juan is a 24-year-old college student with $1,000 to invest.

- Grace is 31 and feels like a big failure. Scott tries to convince her she is not.

Also mentioned on the show:

- Red alert warning - fake check scams have cost people $25 million last year.

- Scott's neighbor Bob used to step out in front of speeding cars to get them to slow down. The result might surprise you.

- DaMama will inspire you to take things one small step at a time, if that's all you can do for now.

- Theranos is DRT - Dead Right There. Lessons learned from this giant investment scam.

Listener questions:

- JB (Charlotte, NC) asks about the high fees in his target date fund and wants to know if there is a better option.

- David (Seattle, WA) is age 68 and asks how to start investing if you're retired.

- James is setting up an LLC for his rentals and asks if his investment accounts should be under the LLC too.

- Willow's son just bought a house and she wants to know if home warranties are a good buy.

Also mentioned on the show:

- Have you heard of cleaning grills as a business idea?

- Scott shares a simple way to start money conversations and avoid that awkward feeling.

- The inspiring story of a 50-year-old getting his first chance at being a major league baseball coach.

Listener questions:

- Gwen wants to know if Scott is taking on clients.

- Val (Quebec, Canada) just got a master's degree and has a question on investing.

- Lando (New York City, NY) is getting married and asks for tips on combining finances.

Also mentioned on the show:

- Alexandria (Atlanta, GA) won't make this mistake again.

- Broke College Grad (Cambridge, MA) just wishes we would all get along.

- Jason recalls his first debt-free paycheck.

- What is a fiduciary and why should you care?

- Marylin Manson is going back to their old ways. Good for profits, bad for customers.

- Scott and Katie share stories of people that are sure to inspire you.

Priscilla
Michelle S.
Debtfree Dreemin
Ashley (Dallas, TX)
Michelle
The Frugal RN
Kristina
Christine
Amber

- Scott rants on people who act higher than everyone just because they know have the knowledge others don't.

- Water cooler moment - can you explain inflation? Most people can't but after this you'll be able to.

Listener questions:

- Alison asks if it's normal for investment companies to not be FDIC insured.

- Jim's girlfriend just got a car loan and he's trying to help her see the value of financial independence.

- Daniel discovers why saving is important.

Also mentioned on the show:

- Emma (Kansas) recalls her first ever big purchase - a Barbie limo!

- Red Alert Warning - Our military are under attack by greedy politicians.

- We salute Shannon for staying consistent.

- Scott reports on his recent visit to the mall and how to avoid all the temptations like new shoes and a Cinnabon!

- Check out this app which tells you where kids can eat free.

Listener questions:

- DaMama asks about keeping unused credit cards open and if she should have a debit card for her investment account.

- Armani (Canada) asks if there is a similar service to Vanguard.

- Jason shares how his in-laws went bankrupt as real estate investors during the last recession.

- Adam has a tip for people wanting to avoid student loans.

Also mentioned on the show:

- The dangers of owning a franchise.

- Willow shares the impact the show has had on herself, her family and her friends.

- Mama loves a budget

- Big J has some big savings and is a millionaire! Discover how his family did it.

- How spending $28,000 cost one 30-year old a million dollars. Avoid this catastrophic mistake!

Listener questions:

- Dany (Mount Vernon, NY) has maxed out the savings for his retirement accounts (WooHoo!) and asks about a cost effective way of getting a CFP.

- Hammer Time shares his thoughts on saving/investing for young kids.

- Denise read an article about how she would end up paying more money if she stopped contributing to her retirement and paid down debt instead.

Also mentioned on the show:

- Gronk of the New England Patriots shares some car buying advice with a teammate.

- The costs of setting up a 401(k) for solopreneurs and business owners.

- Reva has learned how to spend and budget by watching her parents make bad decisions. Hear how you too can choose success.

- Nila filed for bankruptcy and just finished paying off her student loans. She is in the band!

- You could be doubly underwater on a car and end up owing a big bill.

Listener questions:

- Jason wants to know the pros/cons of the no debt crowd vs. good debt crowd.

- Joe asks about annuities and if they are good for saving.

- Shane is thinking about having his parents add him to their credit card and wonders if there will be an impact to his credit score.

- Jon is 27 and has the option of paying $11,000 for service for his job so he can retire two years earlier and still receive pension benefits.

Also mentioned on the show:

- Scott had it right all along about one of his ideas from years ago.

- Scott is back from vacation with a story on how to not get lost on your path to financial freedom.

- Katie gets a new travel credit card and shares the pros/cons of it.

- JT's extended family is constantly scheduling budget busting activities and he asks for advice on what to do.

- Kirstie (Coffeeville, KS) is age 25 and wants some advice on pre-paying the interest on student loans.

- Neo (YouTube) suggests borrowing from a 401(k) and using the money to invest in rental properties. Is this the best path to building wealth?

- Claire is a personal finance blogger and has a tip on when it's ok to buy luxury brands.