With unusual amounts of flooding going on across the globe, it's not hard to point the finger at climate change. Many countries, including the U.S., are starting to push away from the use of internal combustion engines and moving towards all-electric. While reducing emissions from the equation makes sense in theory, what are the potential downsides of electric vehicles?
We are not here to point out your flaws–we all have them! But... here are some things you be may doing wrong when it comes to your retirement planning. Pay close attention to what generates income and where your cash-on-hand savings are. Don't be afraid to ask for help and work with true fiduciary!
The number of "entry level" homes that are being built across The United States has drastically fallen over the last 40 years. Not only that, but the number of Americans looking to buy a house is through the roof! This has made it almost unrealistic for the average person or couple to buy their first home. Can we solve the affordable housing crisis or is this just something we have to settle for?
Are you a high income earner and want to find more ways to have tax-free growth? While you probably make too much income to contribute to a Roth, you have another option. Nic talks about the "Mega Backdoor Roth" and how it can benefit you greatly. You may be able to get an additional $38,500 per year growing tax-free for your retirement!
It's now summer time. It's a time where we let loose, relax, and – spend lots of money... While it's tempting to break our budgets to get out and enjoy the sunshine, breaking our discipline will eventually lead to the loss of financial freedom. Staying disciplined with our finances will provide greater opportunities for us in the future. Don't sacrifice short-term gratifications for long-term goals!
On Thursday morning (7/15/21), Brian and Kent did an extra segment with the hosts of KMJ in Fresno, CA after their morning money update. They answer questions about Wells Fargo and the string of incidents involving customers having their personal lines of credit shut down without any notice.
College. We all had to make the decision on whether or not we were going to go. Reflecting on your life and where you are now, did you need a Bachelor's/Master's degree? Did it really matter where your education came from? Nic weighs the high cost of higher education to its return on investment. Where should reality step in and say that the cost of the degree is no longer worth the paper that it's printed on?
One of the biggest threats against our money is the loss of its value to inflation. Putting your cash into CDs or Bonds will ultimately end with a lesser value than what you started with! Stocks that pay its shareholders' a dividend will help you beat inflation and (may) provide modest overall portfolio growth. Here are some things to look for when selecting a dividend paying stock!
How effective is your rental property? While real estate can be an excellent investment, that's not the case for every investor that has a slice of the cake. Do the math and take a serious look at what you're actually yielding on the property while take the value of the property and other market conditions into consideration. After crunching the numbers, could you achieve a better yield with less headache elsewhere?
Nic Daniels, Financial Advisor
www.therealmoneypros.com
www.treecityadvisors.com
33 min
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Money: you make it, you want more of it, and you want to protect it. We are The Real Money Pros, a show hosted collaboratively by experts who specialize in investing, financial and estate planning,…
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