Funny Money

This show gets heavy man. So take a load off and have a laugh while Sheldon and Bob force you to take an honest look at the state of the economy. Although, given the nature of government reporting numbers, an honest look can be deceiving.

Bob and Sheldon try to define what is deductible. From the IRS, to auditors, to your CPA to your conscious, who knows where to draw the line. Cross it at your financial peril.

Many people struggle with how much money they will need to retire. Other people don't struggle with the idea, because they have no idea! Bob and Sheldon agree planning for retirement is a matter of taking action and delaying satisfaction, but for how long?

A house is a huge decision based on a number of factors. Could the desire to nest and the American Dream become a nightmare of debt if you get in at the wrong time? Bob has witnessed the emotion involved in the biggest purchase you will ever make and Sheldon is starting to feel it, but his feelings are outweighed by the other factors affecting the housing market.

Bob explains the proper mindset for getting and using a tax refund, but Sheldon cannot hear him, because he already spent the money that Bob promised him would be in his account. Well, technically Bob told him otherwise, but Sheldon only sees the fun in reFUNd.

Bob and Sheldon point out there is not a lot of difference between partnerships in love or business. Bob says the best approach is to clearly define expectations from the beginning and then complain for the rest of the relationship. And, perhaps more importantly, we discuss how to exit a partnership. So, what is expected in the relationship between the two hosts of Funny Money?

Bob explains that playing financial peekaboo is not a good way to stay in control of your finances. What does it take for you to make sure you are on top of your financial life? Sheldon admits he wings it, and Bob clarifies why that doesn't fly over the long term.

CITI came out this week and said the world economy is in a "Death Spiral". What happens to your financial house when the neighbor who has been watching it for years is yelling FIRE FIRE!? Sheldon makes a case for Gold. What does it do and why does it make sense. Bob admits he love it because it is shiny and he can play with it.

Sheldon and Bob examine a warning by the Royal Bank of Scotland to "Sell Everything". Is this a warning by the collective financial experts that the crap is about to hit the fan. Bob thinks it smells funny, but doesn't buy it, because you are supposed to SELL IT ALL!!!!

Sheldon and Bob fly solo and discuss the complicated tax code. Total snoozefest right? No! What can a person do to maximize their return while minimizing a late night knock on the door by an IRS agent.