Finerate

How do you buy a car? Is it better to buy a new car or a used car? How much should you spend? In what cases should someone lease a car instead of buying? How do you negotiate with a car salesperson? What fees are attached to the car aside from the sticker price? Should you consider electric? Bill talks about his recent and past car purchases. Anastasia explains why she's glad she didn't listen to a friend's advice when buying her first car.

To submit questions or topics to the podcast, you can email us at [email protected].

What type of investor should hire a financial advisor and what can you expect from that relationship? Bill and Anastasia turn the spotlight on TABER Asset Management to discuss what services the firm offers and how they differ from other financial advisors. Anastasia asks whether investing in index funds is useful advice and Bill explains his active approach and how he avoids "diworsification."

Be sure to send any questions or comments to our email [email protected].

What has been the impact of rising interest rates on the economy? Will a recession happen and when? Should you buy a house now or wait until interest rates go back down? Bill and Anastasia revisit a topic covered in "Why Are Interest Rates Important to Investors?" from December 2021 to discuss the Federal Reserve's actions this year and their plans to continue bringing inflation down. Anastasia discusses a recent documentary she watched on Hulu called "Bitterbrush" and wonders if cereal will ever cost less than $6 a box at her local grocery store.

To submit questions or topics to the podcast, you can email us at [email protected].

Bill and Anastasia expand on a recent blog post on www.taberasset.com titled "How I Invest My Own Money" to provide three money management tips before discussing how Bill manages his own investments, which is the same approach he applies to clients' portfolios. Anastasia relates Bill's concepts to the Netflix reality TV show Bling Empire and George R.R. Martin's writing style.

To submit questions to the podcast or send comments on current episodes, you can email us at [email protected].

In Part Two of this two part episode series, Bill and Anastasia continue to discuss findings from The Millionaire Next Door and its follow-up, The Next Millionaire Next Door by Thomas Stanley and his daughter, Sarah Stanley Fallaw.

Which of the following three variables is the best predictor of consumption - income, net worth, or market value of your home? What kind of cars do millionaires drive and why is that important? Is a million dollars "enough" anymore? Are millionaires happier? Bill and Anastasia get a bit more philosophical as they sum up their thoughts on this book and how it relates to creating wealth and the importance of "thinking abundantly."

For questions or comments, you can email us at [email protected]

In Part One of this two part episode series, Bill and Anastasia discuss findings from The Millionaire Next Door and its follow-up, The Next Millionaire Next Door by Thomas Stanley and his daughter, Sarah Stanley Fallaw.

Is wealth creation really about spending control, or how much wealth you start out with? Bill and Anastasia define and cover characteristics of "the millionaire next door" and what to emulate. Anastasia mentions six key behaviors that lead to wealth accumulation. Why do millionaires refrain from telling their children how wealthy they are? Bill and Anastasia talk about their social media use and Anastasia finds an excuse to talk about Gilmore Girls again when discussing the importance of critics in a millionaire's life.

For questions and comments, you can email us at [email protected]

In this episode, Anastasia shares the breadth of research she compiled on maternity leave policy in the United States. What is the Family Medical Leave Act (FMLA)? How does family leave policy differ in the U.S. from other countries? What are the benefits of maternity leave? What should you look for in a parental leave policy? Is it generally paid or unpaid, how long is it, and is it flexible when it can be taken? When should you look into maternity leave policies offered by employers?

Finerate is a financial education community helping people move from financial anxiety to financial confidence. Join the waitlist at getfinerate.com.

Anastasia and Bill cover the psychology of investing aka behavioral finance. Anastasia explains how behavioral finance differs from traditional finance, and Modern Portfolio Theory, before diving into a discussion of common biases and how they can affect individual investors' decisions. Why is it important to be aware of potential biases? Bill relates several biases to what he has seen in his career and offers advice for investors. Anastasia talks about credit card points and why you should be aware of mental accounting.

To submit questions to the podcast or send comments on current episodes, you can email us at [email protected].

Bill and Anastasia cover a listener requested topic regarding the student loan debt crisis in the U.S. They tackle this issue through the lens of financial advisors looking at it on a macroeconomic scale--addressing how student loans grew into a crisis, the contributing factors, consequences, potential solutions, and what they think consumers should know. Bill and Anastasia debate the policy suggestion of forgiving student loans - is the immediate relief worth it and/or will it address the underlying issues which caused the crisis? Anastasia describes the problems with the public service loan forgiveness program and whether it's worth trying to get loans forgiven.

If you have any questions or comments, please email us at [email protected]

There are over 200 designations and certifications that a financial services representative can hold, making it difficult for consumers to understand the differences between them. When did advisor credentials become so popular and why? What is the difference between a securities license and a certification? What should you be aware of when hiring a financial services rep? Anastasia explains the basics of several security licenses and a few major financial designations you may come across when looking to hire an advisor.

Anastasia and Bill also discuss the fiduciary standard and cover what you should know about fee-only vs. fee-based advisors.

If you have any questions or comments, please email us at [email protected]