Dads Daughters and Dollars

We talk about the ways to get a credit limit increase and Katelyn will try to get one as part of this case study. 

My Dad explains what inflation is, why we should expect it and why it isn't necessarily bad for your investments. 

We discuss "The Millionaire Next Door" a book my Dad calls mandatory reading. 

There are surprising lessons to take away. They are frugal, drive used cars and live in their homes for really long periods of time. 

We discuss the benefits of having a loan-out company and all the tax benefits that come with it. Also, Happy Anniversary to my parents!  

My Dad gives me 7 reasons why over the long term we can expect the stock market to go up.

When it comes to capital gains you'd rather be, rather be long term not short term. (Dear Olivia Rodrigo: We apologize.)

My dad talks about the time he had to replenish his emergency savings by dipping into his investments. Silver lining: I met Selena Gomez. Shoutout mom!

The IRS is playing hard to get; they'll never call. They're old school and send letters. That and other scams you should beware of in the future. 

Here is the link to the TEDTalk my dad referenced: https://www.ted.com/talks/james_veitch_this_is_what_happens_when_you_reply_to_spam_email?language=en#t-12576

We open up the journal again to discuss some of my dad's favorite tips of financial advice. This time? Why indexing works, how power percentages are a good measure of your financial health and another fun fact about the power of compounding.

Here is the link my dad mentioned in the podcast: https://www.youtube.com/watch?v=I-cl__IRjYA

We talk with Katelyn's great friend and my dad goes crazy over his saving habits! (Crazy in a good way — don't worry.)