Ride Your Money Wave

Wealthfront used to be a fantastic platform to invest through, especially for young or low-income investors.  Now, the platform has changed.

A received an email from Tomas, a real estate agent in Portland, Oregon (Keep Portland Weird!) asking me about what advice he should give his kids.  They are about to be sophomores in college and have $10k saved up and are working throughout the summer and throughout their college years.

Sorry everyone, it has been a while.  In this episode, I bring you up to speed, reflect on Covid-19, and explain why focusing on progress is key.

I have been reading so many people complain about the lack of financial literacy being taught in school.  There is an element of truth to that, but only an element.  The information is out there.  YouTube, apps, podcasts, blogs, websites, books...you name it.  A million ways to make a million bucks.  But, what do all of them have in common? A solid foundation.  A budget is a solid foundation.  Take a listen as to how a millionaire's budget differs from everyone else's.

Well if that isn't a clickbait title, I don't know what is.  But, it is true...it took me about 10 hours of paperwork in total and I set up a passive strategy to make an extra $580,706.

More and more people I talk to do not utilize a Roth IRA.  This investment account is going to become more important as the years go on IF our government decides to raise taxes to pay down our debt...you know, what a responsible person is expected to do.

Here is the deal, a little misinformation when it comes to money can have drastic and a lasting impact on your finances.  That is why, it is so important to know how money, and all the markets around it, work.  Here, I clear up a few money myths that listeners emailed me.