The Rate Wealth Podcast

Finances for couples... Communicate about your long-term or overall financial goals just like you would discuss life goals. You need to be on the same page. How do you do that?  Listen in to see how.

Don't do it quite the way Joe describes it with his then girlfriend, now wife, but that's the general idea. 

How you should invest your money is the topic today.

We're going to review how to look at this from the big picture, and then apply it to the specific industry you want. 

The status quo is to go into target date funds, which are easy, but doesn't look into your ability to take risks.  Most of these funds take way too much risk especially for new grads.  We discuss why on this podcast.

In addition, often times people quote an average stock market return of 8% - 10% per year.  However, they don't know the details of those research reports.  Those details matter because you want to make sure your stock allocations are correct.  Joe deep dives into this and more on the podcast.

Refinancing is replacing one loan with another loan.

Should you refinance those student loans? It's going to cost you lots if you refinance when you shouldn't, or if you don't refinance when you should.

Joe breaks it down for you on how to decide when to refinance.

Other articles of interest:

Refinancing Student Loans: The Ultimate Guide By FitBUX

https://www.fitbux.com/articles/student-loans/

Our education system teaches us to memorize and regurgitate what you learn. This harms up financially because who we go to for financial help are doing the same thing - memorize and regurgitate.  And that is the status quo.  Unfortunately the status quo in this country is to be behind financially. 

In this podcast, Joe gives a number of financial examples of how this happens and how to avoid being behind. 

“Well, I know that people are taught to diversify. But diversification is just something that brokers came up with, so they don’t get sued. If you want to get rich… you have to concentrate and focus.” – Jim Rogers

I agree 100% with Jim, but when it comes to money management, most consumers don’t understand what Jim is referring to so I want to take a minute in this article to clarify a few things:

1. Why most people say they are “diversifying” but in reality don’t have the ability to do so and have “all their eggs” in one basket; and
2.  The difference between investing and money management.

Retirement and Social Security is going to affect all of us.  We'll review how Social Security works and how it was intended to be a complement to your retirement.  We'll also review how and why we feel it's flawed. 

The inefficiencies of financial services will cost you in the long run. 

The "old" way is to go to a bunch of different financial people because they only have knowledge about their specific areas.  Nobody puts it all together for you into the bigger pictures.  Plus they will push products that you may or may not need because they get paid on those products.

In short, traditional financial services create more chaos than good.  In this podcast, Joe provides you with a number of examples on how the wrong student loan choice, investment choice, mortgages, etc... can cost you hundreds of thousands of dollars.

In addition, he discusses how to avoid these inefficiences and if you do, you can be like the example Joe gives whereby the FitBUX member now has the opportunity to have 4x the amount of money by the time they hit retirement!

In addition, we discuss what the Federal Reservce was set up to do vs what it does today.

Bottom line, the Federal Reserve isn't going anywhere. You have to know how they affect you on a daily basis.

We don't usually allow others to present finance topics like this, so you know if Josh is doing this, he's legit and has been heavily vetted by our CEO. 

This was originally a live event on our Facebook FitBUX Finance group, so if you'd like to be the first to access these future live events, and stay up to date with info like this... Join us on Facebook at FitBUX Finance Group.

With inflation and mortgage rates on the rise, an economic contraction is on its ways if not already here. Typically, during economic contractions, home prices fall. How much they fall depends on a number of factors with the biggest being location.

However, this housing market features something we've never seen before. Huge asset managers are buying homes with cash.

In this podcast, we deep dive into what this means for the future of the housing market.