Wealth building today is different. In times past, particularly in the US you could go, work at the local gm plant or other blue collar job and make a living. Now days, I think that is less true.

Sources

https://www2.census.gov/programs-surveys/decennial/tables/time-series/coh-values/values-unadj.txt

https://archive.curbed.com/2018/4/10/17219786/buying-a-house-mortgage-government-gi-bill

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo

Music Credit, the Purple Planet

First, what is a stock exchange?

A stock exchange is a place where you can buy and sell stocks.

But you can trade stocks that aren't listed on either.  OTC stocks are not traded on a traditional exchange, but rather but individual broker dealers. 

I own only one OTC stock, iconsumer, which you can get free stocks for here by signing up.

https://www.iconsumer.com/Fsx0j6Y

I also mention a competitor, honey, which you can check out here. You also can get rewards for shopping by signing up here.

https://www.joinhoney.com/ref/i3h8tj

Sources

https://www.schwab.com/stocks/understand-stocks/otc-stock

https://www.investopedia.com/terms/o/otc.asp#:~:text=Stocks%20that%20trade%20on%20exchanges,by%20phone%20using%20the%20OTCBB.

Yotta bank in lowering its APY on deposit balances over 25k

Expected rates for first 25k is still 1.65% APY however,  for money over 25k is .44% APY

Martin's Guest post: https://www.thefruglife.com/2020/12/getting-started-with-side-hustle.html

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo

Sources:

https://www.doctorofcredit.com/yotta-savings-review-get-steady-interest-lottery-chances-at-big-win/

Music Credit, the Purple Planet

In this Episode I talk about inflation and the price of bitcoin. I also discuss TIPS, gold, silver, and real estate as methods of avoiding inflation risk. 

I talk about one type of inflation, which is caused by an increase in the supply of money, while good and services remain constant. 

Join the Frug life newsletter: https://www.thefruglife.com/p/join.html

Music Credit to the Purple Planet

Sources:

https://fred.stlouisfed.org/series/M2

https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield

https://www.wsj.com/articles/SB10001424052970203917304574415193376917198#:~:text=A%20long%2Dstanding%20rule%20of,%2Dthe%2Dline%20toga.)

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo

There is no podcast episode this week, instead I have a YT video. It will be released at the normal time, 6pm on Monday.

https://youtu.be/SOtTY4z7Tgs

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo

Join my newsletter:

https://www.thefruglife.com/p/join.html

In this episode I talk about the Podcast “By the Book” and the Book, Who Moved my Cheese.  The book offers an interesting story about 2 mice and two humans who explore a maze with cheese in it. One day the cheese has moved, and the character must take action. The book offers the following tips:

References

https://www.stitcher.com/podcast/stitcher/by-the-book/e/67966209

https://psychcentral.com/blog/who-moved-my-cheese-keep-moving-the-cheese/

Music Credit, the Purple Planet

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo

Thank you Podcorn for sponsoring this episode of the Frug Life, Check them out at podcorn.com.

What is a capital loss or a capital gain?

Capital gains are taxed at special rates, lower rates. At least long term capital gains are. Short term is taxed at regular rates.

How can I take advantage of timing to pay less in tax now?

Here near the end of the year though, you can have a bit of a timing benefit. If you have some stocks you have been meaning to sell at a loss, well you can do so now, and come tax time you will reap the benefit, which isn’t too far away.

And alternatively, if you have some winning stocks and what to sell or rebalance, you can sell them in January, and then you don’t have to pay tax on it for over a year.

To support the show check out

http://support.thefruglife.com/

Music credit, the Purple Planet

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo

In this episode I talk about Travel tips, specifically, what I did to get ready for my most recent trip. Mostly cleaning stuff out of my fridge.  Check out some of the pictures on IG

https://www.instagram.com/the_frug_life_podcast

I am fermenting some peppers, made some plum syrup

( I used this video for the inspiration https://www.youtube.com/watch?v=y24I91gNiTU), I just had some leftover plums to use. 

At the time of recording this,  the show lost its main sponsor, so please check out some ways to support the show. One way is signing up for Yotta savings, which will get you a great interest rate of 2% on average. If use my Promo code "Richard45" you will get additional tickets, which means more chances to win.

Music Credit, the Purple Planet

Oh and my book on amazon:

https://www.amazon.com/Real-Money-Book-Beginners-Passive-ebook/dp/B07L23SGSV

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo

In this episode, I talk about how I am earning higher interest than a traditional bank, it is with an app called Yotta Savings.

You can get Yotta savings in either the App store or the Play store.

https://www.withyotta.com/

Remember to use my Referral code Richard45 for bonus tickets!

Referenced  material

https://www.youtube.com/watch?v=Fe1uWBSnzLw

https://www.youtube.com/watch?v=466P4UPXco8

Music Credit

The Purple Planet

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo

In this episode on the Frug Life, I give 4 tips on Food waste. Also I share a section from the Frugal and Thriving podcast. Check out their blog here

https://www.frugalandthriving.com.au/

Tip one

Cook what you have .

Tip two

Use the scraps

Tip three

Preserve what you can’t use.

Or tip four, give it away

Other mentioned links:

https://www.youtube.com/watch?v=y24I91gNiTU

http://anotherboringlifestoryblog.blogspot.com/2016/11/rickys-fried-rice.html

Music Credit, the Purple Planet

Want more Frugal Content? Follow me on:

Twitter: https://twitter.com/thefruglife

Facebook: https://www.facebook.com/TheFrugLife/

Instagram: https://www.instagram.com/the_frug_life_podcast

Get a free stock when you sign up for WeBull and deposit $100. Use my link below:

https://act.webull.com/i/TwIJ8klybvIo