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

Topics: Scott shares the story of how he once lost a basketball game 108-12 and how the biggest competition in your life isn't what you think it is.

- Trish is a photographer who always ends the month in debt and asks how to make more money while pursuing her passion.

- Justin is 30 years old with $50,000 and is deciding if he should put money into a Roth IRA or put the money towards real estate investing.

- Mario is in debt and wonders if he should just stop paying on his credit cards.

- Juliana is spending 2/3 of her income on rent and doesn't know how to budget for her situation.

- Samuel (Parts Unknown) is an international listener and is looking for free ways to invest.

- Nuno and his wife are debt free and want advice on the next step after maxing out retirement accounts and paying off their homes.

- John isn't happy with his investing returns and wants to know how to increase them.

- Grace (Canada) is interested in socially responsible investing and wants my take on it.

- Are you putting your raise to work?

- Quote of the day from W. James Bragg.

Links mentioned on the show:

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Putting your raise to work

Topics: Scott reveals another hidden financial cost Wall Street and commissioned salespeople don't want you to know about. He comes up with another classic food analogy to make it 5th-grade simple.

- Is your bank pushing you into the wrong products?

- Natalie has a great income but can't real in her spending.

- Rebecca has some debt to get out of and wants to start investing.

- Julian has a 457 plan and wants my thoughts on the target date fund option in it.

- Mike has been digging into his wife's 401(k) plan and doesn't think he's getting the best returns.

- What do you do with your raises and bonuses?

- Bart (Orlando, FL) has a 6-year old that may have autism and he wants to know how to provide for her later in life.

- Rich wants to automate his budget and learn about working from home.

- Russell is coming out of bankruptcy and working towards being debt free.

- Walter is going to save $2,000/year as a result of the Save $1,000 challenge.

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ABLE United, Florida 529 ABLE

Shedding light on the costs of trading in actively managed mutual funds

JP Morgan fined yet again

Topics: Scott's afraid of heights but it didn't stop him from parasailing off a 1,000 FT cliff in Switzerland. How can you overcome the fears of the decisions you're making today that will ripple through the rest of your life?

- Adam (St. Louis, MO) is 29 with 3 kids with a lot of financial priorities and needs some guidance on ordering them.

- JohnnyIPA (Lincoln, NB) has a follow up question on his whole life insurance policy and the cash value inside it.

- Josh is starting to earn a good commission at his job but has a problem with overspending.

- Medical marijuana ETFs are coming - what's all the buzz about?

- John (Ohio) is 56 with $600k in a 457(b) and asks about recommended stock/bond split for his age and retirement goals.

- Phil has maxed out his Roth IRA and wonders where to put extra investment money.

- Helen (BBQ Capital of the World) is having challenges focusing on paying down debts.

- Chris has a HELOC about to reset to 8% and wonders what he should do about it.

- Quote of the day from Steve Vai.

Links mentioned on the show:

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Jump off a perfectly good cliff

Whole life insurance

Topics: Matthew is married, age 36, wants to retire early, and asks how to fund early retirement before age 59 1/2. Scott explains how to pay the bills while waiting to withdraw from a 401(k), including how to take money out of tax-deferred retirement accounts before age 59 1/2 penalty free.

- Can buying a boat give your family financial protection if you get hit by an asteroid?

- Steve asks about budgeting and the leading tools.

- Confirmation that you can withdraw contributions (your basis) from a Roth IRA at any age tax and penalty free.

- Lore (Columbus, OH) needs help with asset allocation and picking the right stuff in their available investments.

- Rita (Portugal) has a mortgage with 9% interest and is deciding if she should invest or not.

- Elaine says she can’t afford to invest because she doesn’t want to lose money. She can't afford not to.

- Walter is age 43, wants to retire at age 55 and asks which index funds I recommend.

- What do you do with your raises and bonuses?

- Quote of the day from Jimi Hendrix.

Links mentioned on the show:

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IRS Form 8606, Distributions from IRAs

Retire early and avoid 401(k) penalties

De Giro Portugese Brokerage

Topics: Five 401(k) millionaires share their not-so-secret strategies to reaching the $1 million milestone. They range in age from 49-64.

- Jason asks if he has a credit freeze will Credit Karma still be able to monitor my credit?

- Tracie is looking for healthcare options if you can't get medicare.

- One tip to help raise your savings.

- Dave asks if ETFs or mutual funds are better for a three fund portfolio.

- Michael says you cannot take a principal only withdrawal from a Roth IRA and not get hit with a penalty. Is he correct?

- Ann asks how to get her husband on board with the plan.

- Twitter - What are my thoughts on the six month emergency fund?

- Tasha (Columbus, OH) and her husband paid off $19,000 in four months to become debt free!

- Quote of the day from Jean Luc Picard.

Links mentioned on the show:

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Money Magazine How I Saved $1 Million

Healthshare services

https://www.libertyhealthshare.org/Christian

IRS Ordering rules for Roth IRA distributions

How to get your partner on board with a budget

Topics: Scott lays out the things people of all ages should do to build and protect their retirement savings.

- Lori disagrees with me on getting term insurance for a stay-at-home parent.

- Alex is 16 years old and wants some saving tips.

- Erica asks if foreclosures and short sells are the most affordable way to accomplish purchasing rental properties.

- Neal has a bunch of student loan debt and asks if he should pay it off before investing.

- Viko is checking into trading FOREX.

- Lucas (SoCal) has a debt payoff plan but is concerned about not having an emergency fund during the 3-year payoff.

- Elon Musk isn't as smart as people make him out to be.

- Zach (Silicone Valley) is 30 and paid off $50,000 in debt!

- How much is enough?

Links mentioned on the show:

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Topics: There is one word that will do more to build wealth in your life than any other. Do you know what it is?

- Nicholas has a simple tax situation and asks if the free Credit Karma tax service would be better than a $250 CPA.

- Don has $220k cash value in a whole life policy and is considering if he should switch to a term policy.

- Phil has $35,000 in investments, will be looking to buy a house soon and asks where the money should be put.

- Deanna the dog walker is opening a taxable investment account and wants to know the yearly tax implications.

- You're killing it with your 401(k), right?

- The YOLO lifestyle

- Quote of the day brought to you by Charlie Brown.

Links mentioned on the show:

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Personal Finance Scholarship

Credit Karma Free Tax Service

Bloomberg report on 401(k)s

S&P 500 Historical calculator

Witt Actuarial Services
Glenn Daily
James Hunt

Topics: Scott discusses why frugality is not always the best option for your finances.

- Jen (New Jersey) has a 401(k) with high fees and asks if it's better to invest in a taxable account instead.

- Brandon just graduated from college, is unemployed, and asks if it is wise to start investing.

- Alexis was recently laid off, has no savings, and wonders if she should consolidate her credit card bills into a single monthly payment.

- Shajee is 17 years old and wants to start investing and asks how he can get started if he is underage.

- Chris has a pension from an old employer and is deciding on an early distribution or rolling it over to an IRA.

- Update on what's going on with Scott's car after it got rear ended.

- Gillette welcome back program gives out free razors.

- Susan (Denton, TX) and her husband paid off 5 credit cards.

- Quote of the day brought to you by Bob Ross.

Links mentioned on the show:

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Brokerage accounts for minors

http://www.schwab.com/public/schwab/investing/accounts_products/accounts/college_savings/custodial_account

Topics: Scott discusses the power of being nice and how it can lead to bigger and better opportunities, both in business and in life.

- What are the tax implications of day trading?

- Increase productivity in 5 seconds with this simple trick.

- Javier has $250k in a TSP and is looking to expand into other investments.

- Maggie's husband wants to get involved in a business venture and she wonders if it's a scam.

- How to invest in gold.

- Frankie is 28, married, debt-free and has a $46k inheritance he would like advice on what to do with.

- Brady wants to setup an online savings account for a new car fund and wonders where to do it.

- Terry's husband re-allocated his 401(k) funds to a money market account and want help knowing what funds to invest in.

- Wife of a listener wants her husband to be polite but firm when asking for discounts.

- Quote of the day brought to you by Thor.

Links mentioned on the show:

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Start Engine

Blooom 401(k) analyzer

Topics: Scott shows the simple math behind how the rich continue to get richer at a much faster rate than the middle class.

- A study shows the more expensive your wedding the more likely you are to get divorced.

- Kristin (Massachusetts) has found a fiduciary to help her parents get through retirement.

- Brandon is a college graduate with $200 to his name and asks if he should start investing.

- Elon Musk isn't as smart as people make him out to be.

- Eddie (Houston, TX) asks about a specific insurance company compared to other insurance providers.

- Roberto has $50,000 in credit card debt and his options are limited on how to pay it off.

- Clink investing app for getting started investing.

- The South Americans (San Francisco, CA) are living the American dream.

Links mentioned on the show:

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Wedding costs and debt

Have a dream wedding for less