Dads Daughters and Dollars

I ask my dad some questions about saving growing up and all the obstacles he went through to save as much as he could. 

I put my dad on the spot with some of his past financial journals to see what new things we can rediscover together. We also jam out a little.

We talk about what it takes to become a millionaire when you retire — it's easier and more realistic than you might think. My Dad also gives us his best rendition of Lady Gaga. 

The link to the calculator mentioned in this podcast can be found here: https://investinganswers.com/calculators/saving/million-dollar-savings-calculator-how-much-do-i-need-save-become-millionaire-3677

We talk about the differences between a W-4, a W-2 and a 1099 form. 

How to fill out a W-4 form. https://www.nerdwallet.com/article/taxes/how-to-fill-out-form-w4-guide

What a W-2 form used for. https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5

How form 1099 works. https://www.nerdwallet.com/article/taxes/what-is-1099-tax-form

My dad and I discuss the benefits of recasting and why it's something you should consider if you have a mortgage. No matter the circumstances, learn if recasting is for you!

Shorting stocks, Robinhood, GameStop, and... collusion?! We discuss the situation and breakdown what it all really means. 

No MBA? No problem! My dad talks about why you might be better off investing independently than with a money manager or financial institution. 

Believe it or not! My dad makes the argument for why Lizzo's song might argue against investing in BitCoin — it's a stretch. I know. But I love him anyways! We deliberate about the pros and cons of cryptocurrencies. 

We talk about market timing and why you should never do it. We'll show you to historical data that proves it. Even economists get it wrong the majority of the time! 

Here's a link to my dad's over the top enthusiasm tool. http://www.moneychimp.com/calculator/compound_interest_calculator.htm

I bet your dad is cool, but does he know as much about insurance as he does Lizzo? We run through the most important pieces of advice he can give since I graduated from college.