By Bill Taber and Anastasia Taber, CFP®
4.9
1616 ratings
The podcast currently has 115 episodes available.
How do U.S. elections impact the stock market? In this episode, we dive into "election anxiety" and how it affects your investment decisions. We'll explore the historical data on market performance during election years, whether it matters which political party controls the government, and the three common mistakes investors often make during the election season. Plus, we'll share actionable strategies to help you avoid these pitfalls and provide perspective on the best mindset to adopt during politically charged times. If you're feeling uncertain about the upcoming election and your investments, this episode is for you!
Tune in to learn how to navigate market volatility during election seasons and keep your investment strategy on track.
For any questions, comments, or topic suggestions, email us at [email protected].
Resources:
List of largest daily changes in the Dow Jones Industrial Average
S&P 500 Chart
In today's digital age, fraudsters are becoming more sophisticated, targeting individuals through online scams, phishing emails, and identity theft. In this episode, we dive deep into how you can protect yourself from falling victim to fraud. We'll cover key strategies to recognize suspicious emails, phone calls, and messages, and how to verify the legitimacy of companies, investment opportunities, or charities before engaging with them. Learn about common psychological tactics scammers use to manipulate their victims, and discover practical steps to safeguard your personal and financial information. Whether you're shopping online, using mobile apps, or receiving unexpected communications, this episode will equip you with the knowledge to stay vigilant and secure. Join us as we explore how to respond to fraud, report fraudulent activities, and take proactive measures to protect yourself in an increasingly connected world.
For any questions, comments, or topic suggestions, email us at [email protected].
Resources:
Info on the Social Security number leak
Check if your Social Security number was leaked
Access Your Credit Reports
Info on Credit Card Liability
Rescuing Your Hacked Social Media Account
How to Protect Yourself from Sim Swap Scams
How to Freeze Your Child's Credit
In this episode, we dive into the recent market volatility that has left many investors concerned. If you've noticed your investment account balances dropping or seen chatter online about market dips, we're here to provide clarity and context. We'll discuss what's been happening in the markets lately, explore the key factors contributing to increased volatility right now, and break down the latest actions by the Federal Reserve regarding interest rates, inflation, and unemployment. We also address the "buy the dip" strategy that some retail investors are adopting during a downturn and offer our thoughts on its effectiveness. Whether you're a seasoned investor or new to the market, this episode will give you valuable insights to help you stay focused on your long-term investment goals.
For any questions, comments, or topic suggestions, email us at [email protected].
Resources:
The failure of Pets.com
Check out our most recent AI two-parter
Regulating Emotions During Jumpy Markets
In this episode, we revisit one of our favorite personal finance books, "The Psychology of Money" by Morgan Housel to understand how our individual experiences and the elements of luck and risk influence our financial decisions. Building on key insights, we explore why personal history plays such a significant role in shaping how we view money and make financial choices.
We'll discuss:
1. How personal experiences with money shape our financial worldview.
2. The impact of generational differences on attitudes towards money and wealth.
3. Insights for making informed financial decisions considering personal biases.
4. The balance between luck and risk in achieving financial success.
5. Memorable stories and quotes that highlight the unpredictable nature of financial outcomes.
This episode will provide valuable perspectives to help you better understand your relationship with money and make more mindful financial choices. Tune in to gain practical advice and deeper insights into the psychology of financial behavior.
For questions, comments, and topic suggestions, email us at [email protected].
A 2023 survey conducted by payroll.org found that 78% of Americans live paycheck to paycheck and are struggling to save or invest after covering monthly expenses. Despite markets reaching all-time highs, recent years of inflation have driven significant stress and concern over the current economic state. Roughly half of 4,000 respondents in a June survey by Jenius Bank reported losing sleep over their financial situation.
In this episode, we focus on what we can control: developing financial discipline. What does it take to be disciplined with your money? We'll expand on the statistics behind Americans living paycheck to paycheck, explore the history of personal savings, and dive into what it takes to be financially disciplined.
We'll cover:
1. The top reasons why Americans live paycheck to paycheck.
2. The history of personal savings – how did people save money decades or centuries ago?
3. The nature of self-discipline – is it innate or a learned skill?
4. Common challenges people face when trying to develop financial discipline.
5. Practical strategies to increase financial discipline.
We hope this episode empowers you with ideas and strategies to incorporate into your life, helping you increase your discipline in creating wealth. Let's begin!
For any questions, comments, or topic suggestions, email us at [email protected].
In this episode, we dive into essential tax strategies tailored for young investors. Discover the key differences between Roth and traditional IRAs and understand how these choices impact your tax strategy. We'll explain the concept of tax diversification and its importance for building a resilient financial future. Learn how to prioritize contributions to tax-advantaged accounts like 401(k)s, Roth IRAs, and HSAs, and avoid the five common mistakes that young investors may make. We'll also discuss how different types of investment accounts influence your tax burden and break down the nuances of capital gains taxes, dividends and interest income. Equip yourself with the knowledge to navigate taxes effectively and build wealth with confidence.
For questions, comments, and topic suggestions, email us at [email protected]. Don't miss out-subscribe now to stay informed on the latest investment trends and personal finance topics!
Related Episodes:
Taxes 101
How to Manage Your 401(k)
In April 2023, we discussed the rise of AI, our experiences with Chat GPT, and the profound changes AI is poised to bring to our world. We concluded that AI would transform nearly everything, with some changes foreseeable and others beyond our current understanding. Given the rapid advancements in AI, it’s time for an update.
In Part One, we explore the latest developments that have occurred in the AI space, what new technology is on the horizon, the potential risks and societal implications of increased AI adoption, and key insights for investors navigating the evolving AI landscape.
In Part Two, we continue the discussion to provide important information for workers to consider as they adapt to AI-driven changes in the job market.
Join us as we unpack these developments, providing valuable perspectives for both investors and workers to navigate the ongoing AI revolution with confidence and success.
For questions, comments, and topic suggestions, email us at [email protected]. Don’t miss out—subscribe now to stay informed on the latest investment trends and personal finance topics!
Resources:
The Last Blockbuster documentary
The Precipice: Existential Risk and the Future of Humanity by Toby Ord
List of nuclear warhead accidents
Center for Humane Technology
In April 2023, we discussed the transformative rise of AI, predicting that AI would revolutionize nearly every aspect of our lives. Now, a year later, it's time for an update on this rapidly evolving technology. In this episode, we explore the latest AI developments and what they mean for the future.
Join us as we delve into:
Whether you’re an investor, a professional, or simply curious about the future of AI, this episode provides valuable perspectives and practical advice. Tune in to stay informed about the AI revolution and its impact on our world.
For questions, comments, and topic suggestions, email us at [email protected]. Don't miss out—subscribe now for more insights on AI and its transformative power!
Resources:
Are You Prepared for the AI Revolution?
Driverless Taxis
Robot coffee
In today's episode, we delve into the FIRE movement—Financial Independence Retire Early. Whether you're new to FIRE or looking to refine your approach, this episode covers what you need to know about applying the FIRE approach to your life. We explore the evolution of FIRE, break down its various types (Lean FIRE, Fat FIRE, Barista FIRE, and Coast FIRE), and discuss who can benefit most from this financial strategy.
As fiduciaries—a financial advisor and a CERTIFIED FINANCIAL PLANNER™—we provide an unbiased analysis of the pros and cons of the FIRE movement. You'll gain valuable tips on how to implement FIRE principles into your own financial life, even if you don't fully commit to the movement. Tune in to discover how FIRE can help you achieve financial freedom and rethink your retirement strategy.
For any questions, comments, and to suggest topics for the podcast, you can email us at [email protected].
More Resources:
F.I.R.E. For Dummies by Jackie Cummings Koski Follow Your Bliss Choose FI - communities for Financial Independence, Retire EarlyLately, Anastasia has received questions from several couples who are considering merging their finances. When and how should couples start involving each other in their financial information? What kind of approach should each partner take before initiating discussions around money habits? How do you prompt these kinds of conversations? Are there scenarios where couples should not merge their finances?
For any questions, comments, and to suggest topics for the podcast, you can email us at [email protected].
Check out our other related episodes:
Discussing Finances with Your Life Partner
How to Build Wealth With Your Partner
The podcast currently has 115 episodes available.