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The Daily Wrap: 07.11.18
02:36 - Once you get out of the market, where should that money go? Gregory and James review the call from Tom in Houma on Saturday's show, and Gregory goes a little bit deeper into how to assign different jobs to different groups of your assets. If you're getting out of the market because you think it's on its way down, you need to position those assets to be able to jump right back in the market on a moment's notice when things turn around. If you're exiting the market permanently, it's time to review your risk tolerance to see what tools would be appropriate.
17:32 - Gregory Ricks reviews the highlight caller Tam from New Orleans, who is thinking about getting a vacation home, and wants to know how to take the best financial advantage from it. Gregory often sees people wanting to get into real estate on the side, and the success stories come from people who treat it like a serious business. If you're just trying to squeeze a few extra bucks out of a second property you were going to buy anyway, that's one thing. If you're trying to turn this into a reliable source of income, one rental is probably not going to cut it.
21:53 - Jim watching on Facebook Live asks Gregory's thoughts on dabbling with Puts and Calls in your brokerage account to make a little extra money. Gregory warns Jim of the extra risk involved with that area, and says the more cautious investors steer clear.
28:05 - Numbers
33:57 - Gregory relays a discussion with a client about how to better guess what changes will be made by politicians that affect your money. When you look at the decision making process from the person who is just concerned about the next election, you will form more accurate expectations.
36:01 - Oil dropped 5% in one day.
40:40 - Sandra in Slidell wants Gregory's help in getting her debt under control. She has a mortgage, credit cards, student loans, and a few other smaller debts. Gregory recommends dialing her lifestyle back in the short term to get the credit cards paid off ASAP, and then reevaluate your situation. A lot of it will depend on if you plan on staying in your house, or could move soon.
http://www.WinningAtLife.com
17:32 - Gregory Ricks reviews the highlight caller Tam from New Orleans, who is thinking about getting a vacation home, and wants to know how to take the best financial advantage from it. Gregory often sees people wanting to get into real estate on the side, and the success stories come from people who treat it like a serious business. If you're just trying to squeeze a few extra bucks out of a second property you were going to buy anyway, that's one thing. If you're trying to turn this into a reliable source of income, one rental is probably not going to cut it.
21:53 - Jim watching on Facebook Live asks Gregory's thoughts on dabbling with Puts and Calls in your brokerage account to make a little extra money. Gregory warns Jim of the extra risk involved with that area, and says the more cautious investors steer clear.
28:05 - Numbers
33:57 - Gregory relays a discussion with a client about how to better guess what changes will be made by politicians that affect your money. When you look at the decision making process from the person who is just concerned about the next election, you will form more accurate expectations.
36:01 - Oil dropped 5% in one day.
40:40 - Sandra in Slidell wants Gregory's help in getting her debt under control. She has a mortgage, credit cards, student loans, and a few other smaller debts. Gregory recommends dialing her lifestyle back in the short term to get the credit cards paid off ASAP, and then reevaluate your situation. A lot of it will depend on if you plan on staying in your house, or could move soon.
http://www.WinningAtLife.com
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By Winning at Life with Gregory Ricks02:36 - Once you get out of the market, where should that money go? Gregory and James review the call from Tom in Houma on Saturday's show, and Gregory goes a little bit deeper into how to assign different jobs to different groups of your assets. If you're getting out of the market because you think it's on its way down, you need to position those assets to be able to jump right back in the market on a moment's notice when things turn around. If you're exiting the market permanently, it's time to review your risk tolerance to see what tools would be appropriate.
17:32 - Gregory Ricks reviews the highlight caller Tam from New Orleans, who is thinking about getting a vacation home, and wants to know how to take the best financial advantage from it. Gregory often sees people wanting to get into real estate on the side, and the success stories come from people who treat it like a serious business. If you're just trying to squeeze a few extra bucks out of a second property you were going to buy anyway, that's one thing. If you're trying to turn this into a reliable source of income, one rental is probably not going to cut it.
21:53 - Jim watching on Facebook Live asks Gregory's thoughts on dabbling with Puts and Calls in your brokerage account to make a little extra money. Gregory warns Jim of the extra risk involved with that area, and says the more cautious investors steer clear.
28:05 - Numbers
33:57 - Gregory relays a discussion with a client about how to better guess what changes will be made by politicians that affect your money. When you look at the decision making process from the person who is just concerned about the next election, you will form more accurate expectations.
36:01 - Oil dropped 5% in one day.
40:40 - Sandra in Slidell wants Gregory's help in getting her debt under control. She has a mortgage, credit cards, student loans, and a few other smaller debts. Gregory recommends dialing her lifestyle back in the short term to get the credit cards paid off ASAP, and then reevaluate your situation. A lot of it will depend on if you plan on staying in your house, or could move soon.
http://www.WinningAtLife.com
17:32 - Gregory Ricks reviews the highlight caller Tam from New Orleans, who is thinking about getting a vacation home, and wants to know how to take the best financial advantage from it. Gregory often sees people wanting to get into real estate on the side, and the success stories come from people who treat it like a serious business. If you're just trying to squeeze a few extra bucks out of a second property you were going to buy anyway, that's one thing. If you're trying to turn this into a reliable source of income, one rental is probably not going to cut it.
21:53 - Jim watching on Facebook Live asks Gregory's thoughts on dabbling with Puts and Calls in your brokerage account to make a little extra money. Gregory warns Jim of the extra risk involved with that area, and says the more cautious investors steer clear.
28:05 - Numbers
33:57 - Gregory relays a discussion with a client about how to better guess what changes will be made by politicians that affect your money. When you look at the decision making process from the person who is just concerned about the next election, you will form more accurate expectations.
36:01 - Oil dropped 5% in one day.
40:40 - Sandra in Slidell wants Gregory's help in getting her debt under control. She has a mortgage, credit cards, student loans, and a few other smaller debts. Gregory recommends dialing her lifestyle back in the short term to get the credit cards paid off ASAP, and then reevaluate your situation. A lot of it will depend on if you plan on staying in your house, or could move soon.
http://www.WinningAtLife.com