Something On My Mind

This episode reviews having a 401(k) and Roth 401(k). Why you should have a 401(k), what is the best option, and when should you start saving.  In the roundtable: ghosts appear to be knocking items off of stools and the the bar in the basement along with stories around spilling things in public places.  For the stories of the week: How a 5th grader cashed in nicely on GameStop stock that was purchased by his mother a few years earlier.  Lastly: a slew of interesting topics around the Superbowl and who they think will win the big game.  Superbowl  https://wallethub.com/blog/super-bowl-facts/1589

The budget tip of the week explains how to account for capital gains and losses from selling stock. Knowing this information has an impact on adjusted gross income (AGI) when filing taxes each year.

This episode discusses GameStop’s astronomical rise in their stock price due to the people on Reddit's Wall Street Bets forum colluding together to drive the stock price up and squeeze the short sellers namely, Melvin Capital. Next: how short selling works, why you should be careful with this type of stock betting and what is the aftermath going to be.  In the Coronavirus montage: razor blades in the walls and single toilets in basements without a bathroom.  Lastly: amazing treasures that people have found in their homes and sitting in the ground. Razor Blades in the Walls  https://www.rd.com/article/if-you-live-in-an-old-house-there-could-be-razor-blades-in-your-walls/ Pittsburgh Potty   https://www.familyhandyman.com/article/heres-why-old-houses-have-a-random-toilet-in-the-basement/

The  budget tip of the week explains the rule of 72 which determines how long that it takes to double your money based on your desired rate of return. In addition, the benefits of compound interest and how investing adds up over time.

This episode discusses why a will is not enough to protect your estate and why a trust in most cases supersedes the will. This way, you can ensure that your investments and your assets are distributed to the people that you intended without conflict.  In the roundtable: the lack of exercise and how the Mirror exercise machine can get people back into shape.  In the Coronavirus montage: insider information of what happens behind the technology with dating apps from the people who've worked there. You'll be surprised what we learned.  Next: how the kiss or smooch has shaped our culture throughout history and lastly they discuss the famous photo "The Kiss Heard Around the World" from 1945 when World War II was declared to be over. Blog Transcript: https://www.somethingonmymind.net/post/43-to-trust-or-not-to-trust-how-to-protect-your-investments-and-your-estate Kiss Heard Around The World https://www.navytimes.com/news/your-navy/2018/03/08/the-kiss-heard-round-the-world-wwii-sailor-gives-lip-service-over-famous-photo/ Dating App Insider Informatiomn https://www.buzzfeed.com/stephenlaconte/dating-app-secrets-employees-tell-all-reddit

The budget tip of the week, covers why hand washing your dishes uses more than four times the energy than many dishwashers.  Next: the statistics on how to save on your budget, how to reduce water usage, as well as the positive impact on the environment. Lastly, you save up to 30 minutes a day by following a few simple steps. https://cascadeclean.com/en-us/rethink-the-sink

This episode discusses how you may qualify to get employer benefits for items such as sick leave, relocation benefits and namely health insurance. In the roundtable they discuss the picture taken on ghosts over the dining room table as well as objects falling off of shelves by their contractor.  In offbeat stories section, Elon Musk mentioned a messaging app that he supports to the media; however, people mistook and it and drove up a penny stock with a similar name to outrageous prices.  Next, a TikTok'er is buying unclaimed mail for just $1 and is discovering some valuable gifts inside. Next, they discuss the "best" jobs list from U.S. World News and Report. Strange Name Movie: https://www.imdb.com/title/tt5671902/ Elon Musk: https://qz.com/1956105/elon-musks-tweet-about-signal-boosts-shares-of-the-wrong-company/ TikTok'er Sell's Unclaimed Mail: https://finance.yahoo.com/news/happens-packages-lost-unclaimed-175600818.html]

The budget tip covers the details around how surprisingly expensive candles are and what you can do to prolong the burning life of them to save money.

This episode starts off with the roundtable by discussing how scrubby people are looking at the grocery store and how Cindy can cook a simple meal yet make the kitchen look like Thanksgiving just ended.  In the financial topic reviews the tiny house movement. People take this path has been on the rise due to the affordability and flexibility. They analyze the finances involved as well as considerations to consider when hiring a contractor and the caveats that come with living in a small space.  For the offbeat stories: one man dug a tunnel to visit his mistress and the other who dug one to spy on his ex-wife. Lastly, the  funny yard signs that people have place on their lawns.

The budget tip of the week covers the details around private mortgage insurance or PMI. How it is added to a mortgage, how it is calculated and how to remove it.