Today's Questions

1) What should I do with my money in my employer’s 401k now that I’m retired?

2) Should I pull out home equity to invest or invest the monthly mortgage payments?

3) When is 8% CoC way better than 12% CoC?

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Sign up for a free Biblical Wealth Coaching call by visiting
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Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

Today I'm talking with Jean Burk about how her program helps student significantly increase their SAT, ACT, and other exam scores and how this can help them get full ride scholarships to not only undergraduate, but graduate, law, medical and other post graduate schools. 

Author Jean Burk is a homeschooling mother and creator of the revolutionary and award-winning College Prep Genius curriculum which has helped thousands of high school students prepare for the SAT, ACT, and other exams.   Jean currently travels across the US speaking about how to go to college for FREE!

Learn more and get College Prep Genius program here. 

Finally Jean is hosting a free virtual conference - Parent Prep University - May 2-6 2022.  You can register for that event here.

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

In this week's episode I'm joined by Ryley Smith at Ryley Smith Wealth Strategies with whom I often partner for 1-1 coaching of people in their working years and for life insurance. 

Together we are answering the question "What's the real ROI of my 401k match?" 

Ryley shares one concrete principle when it comes to having the maximum efficiency of a 401k match.   

You can watch the video recording of our conversation here.

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

This Week's Questions:

1) I'm trying to cut expenses as much as possible.  I was looking through my auto insurance policy and it seems like I heard that a person doesn’t have to have Uninsured or Underinsured motorists on the policy.  Do you know if that is true or not? 

Also we have a 2012 dodge van.   It looks like our policy has auto collision insurance for 67.17 with a $1000 deductible.  In addition to the regular premium.  Under limits It has Actual Cash Value.    Is this necessary to have?  The vans not worth much over the $1000 deductible probably.  It’s in bad shape but we are driving it until it quits. - Sandy 

2) I work a contract job and they offer a 401k and Roth 401k, there is NO matching. Which 401k should I put money in from my paycheck?

3) What's the difference between a self-directed IRA (SD-IRA) and a Solo 401k?

Resources Mentioned:
Ep 55: What Insurance Do I Need and What's a Waste?
Ep 20:  You've Never Met a Home & Auto Insurance Agent Like This - with Darron Miller

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

In today's episode I'm answer: 

1) What is the FIRE movement? 
2) Should I refi from a 30 year to 20 year mortgage?
3) What is a mutual life insurance company and does it matter what kind of life insurance company I use?

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

Today's Questions:

1) I live in a high COL area and as a result, I don’t think local real estate will be part of my investment strategy (400k-500k base prices are standard). Buying real estate outside of my state (or on the opposite side of our same state) seems complex and I’d have to hire a management company plus there may be out of state taxes…any suggestions for different ways to invest other than stocks, bonds, ETFs, and index funds? Or tips for real estate investment for people in a high COL area?    Learn more about turnkey investing here: https://biblicalwealthsolutions.com/turnkey-investing/


2) Curious... If you had $500,000 in equity in your primary residence...what would YOU do with it?

3) I’m just not able to invest big amounts of money into the stock markets because of ups and downs but I feel more comfortable with real estate for some reason. I’m 41 and completely debt free. I’m almost a millionaire and will be before the age of 45. I’m really considering buying an apartment complex let’s say for a million with 20 percent down payment. Where should i start?

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

Questions: 

1) I am hoping to gain clarity on how much money I need to retire. My FIRE number is 1,875,000 ($75,000*25) but when I look at yearly withdrawals using Excel this number isn't even close to enough money. For example, I currently have a bit over 200k in retirement. If I continue to work for the next 20 years while saving 36k a year and assuming a conservative 6% return, I will have just over 2 million dollars. I would like to have $75,000 a year to spend in retirement. In 2042, assuming 3% inflation yearly 75k will actually need to be about 135k. I then assume the amount I want to live off of continues to inflate 3% yearly and my remaining funds earn 6%. Needless to say, I will need to die by 2061 at 69 years old. Hardly ideal. Am I doing something wrong? Why is my fire number seemingly so low? Thank you for your insight! 

2) How much life insurance do I need?

3) What is the best first investment?

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

Questions:

1) I'm currently focusing on getting out of debt. I took the plunge and got a second job at Wegmans. My dad suggested I make sure to have the right amount of tax taken and cautioned me that this second job might push me into a higher tax bracket. I checked the brackets and he is right. I am right at the edge. Is this going to be taking one step forward to take two steps back?  Need some encouragement. 

2) What is the “equity multiple” in a real estate investment?
Watch my video on Understanding Return Calculations

3) Looking for advice.  I own my home outright (paid cash).  Have 0 debt and 0 loans.  Have 25k in the bank.  I need a bigger house (family grew)  

The original plan was to sell my house ($220k) and use that as down payment on a 300k house and have a mini mortgage.  

Now I'm thinking of renting out my house (1500 a month using some of that for paying my mortgage on #2 and saving 10-15k for taxes and repairs that renters would need) and getting a loan for the 2nd house. 

Learn more about Turnkey Residential Real Estate Investing

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

Questions:
1) How risky is real estate investing compared to stock market investing?  - Krey in TN 

2) How can I diversify real estate investments? 

3) Hi, I’m brand new to investing largely because I had less than $0 that wasn’t devoted to bills.  I made a career shift that jumped my income and now I’m trying to get my accounts and plans in order.   
Last year I opened a Roth IRA and maxed it out, and that has been my plan for this year as well.  I will be eligible for a 401k in a couple of months that I plan to max as well.   
There is a high likelihood that I will not qualify to contribute to a Roth this year.  So here are my questions:  

1) what do I do with what I already invested in my Roth for 2022?  It’s tiny but I want to make sure I don’t get a fee for contributing to a Roth if I no longer qualify.   

2) what do I do with my post-tax dollars?  Should I just put extra post tax money in a brokerage account and call it a day?   

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared 

In this episode I teach you how nearly all financial advisors go about solving the two biggest retirement challenges: 1) how to turn savings into income & 2) how to not run out of money and why their approach - while seeming to be  conservative and low-risk - is actually a very high-risk approach to retirement.   

Then I show you how taking a different approach to retirement investing can have a major impact on the success, freedom, and peace of mind you can expect in your retirement years.   . 


Watch the video presentation.

Access all the links and resources from the Biblical Wealth Podcast by visiting https://biblicalwealthsolutions.com/resource-form/


Sign up for a free Biblical Wealth Coaching call by visiting
www.biblicalwealthsolutions.com/freecall

Discover how Compounding Cash Flow™ can help you beat inflation without the stock market risks.  Access the video at https://biblicalwealthsolutions.com/video/

Submit your questions to www.biblicalwealthsolutions.com/askjared