Vaginance | Money & Life In The New Roaring 20s

Our gameshow is back! Featuring mummified catfish, glam vampire coffins and a golden casket gifted to Zsa Zsa Gabor… while she was still alive.

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SPOILER ALERT

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If you’re reading this in your podcast app: Visit the show notes on our website to see photos of the catfish mummy, vampire coffin and Zsa Zsa Gabor’s Golden Casket.

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Egyptian Mummified Catfish

Sold by Ancient Resource for $2,000

Glampire Toe Pincher Coffin

Listed by Immortal Curio Company on Etsy for $7,400

24K Golden Casket Gifted To Zsa Zsa Gabor

Retailed for $40,000

Take control of your own decisions around health & aging, while you still can. This episode is for everyone, at every age… and is actually less about the exact moment of death and more about enjoying the best quality of life possible in the years and years leading up to it.

Must Read: The Art Of Dying Well by Katy Butler

Must Do: Here’s a Medical Care & End Of Life Workbook with all of the questions we’re asking ourselves and forms we’re filling out for ourselves and our family members.

Overwhelmed by the thought of buying a house? We walk you through the process from a year before you start looking until move in day. We also get into the tax benefits for homeowners and the often ignored ethics of being a landlord. BONUS: Becca submits her first ever offer on a house LIVE On Air.

* Tax Benefits of buying a house + the difference between tax deductions and tax credits* What does Escrow even mean? PMI? Title Insurance?* All the types of cash you need throughout the purchase process: option fee, earnest money, down payment, closing costs.* How much should you put down for a down payment?* Scams to watch out for when you buy a house.* Real Estate Agents & Mortgage Brokers* The “Vanity Metric” that drives Jewels crazy.* Typical landlords and the Ethics of providing housing for people.* Book Recommendations: * Retire Early With Real Estate* Tax Strategies For The Savvy Real Estate Investor* Real Estate Loopholes

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First times can be awkward. We share the dirty details of our own homebuying experiences & are joined by guest Loren Grush who recently bought her first house in this crazy pandemic housing market. Find out why heartfelt letters shouldn’t be a thing in the real estate industry, what an appraisal waiver is and the key to avoiding the all-too-common buyer’s remorse.

Correction

The increase in median house price in Austin from June 2020 to June 2021… was actually over 40%!!! Not a mere 25-30% jump. Wow.

Top Lessons from our own homebuying experiences:

* The best way to avoid homebuyer regret is to put together an all star team.* Real Estate Agent who doesn’t try to sell you every house you walk into. * Mortgage Broker who will go over your finances with you 6-12 months before you want to buy a house and help you prioritize ways to tweak your finances and debt so you look good for the banks.* You’re going to need more money than you think. Increase your emergency fund.

Apprasial Waiver / Appraisal Gap

When the housing market became insanely competitive in Austin during the pandemic, something called an Appraisal Waiver became a common but potentially risky tactic to beat out other buyers.

* Banks will only give you a mortgage for the amount of money an appraiser tells them the house is worth. * Appraisers base their estimate of the house value on similar houses (comps) that have sold recently.* If there is say…. a global pandemic, then a situation might happen where the real estate market shuts down for a few months and when the market does start up again, there’s almost zero supply and demand skyrockets from hordes of people deciding they want to move to a particular city. This causes prices to jump very rapidly at the same time that there are zero recent comps for appraisers to use to support the new prices.* In that case, the true value might be $500k but the last similar house that sold went for $400k, so the bank only wants to write a mortgage for $400k.* If you are trying to get a mortgage and there are no recently sold houses that support the price you’re paying, the appraised value will probably come in lower than you need for the mortgage. In a competitive market where you are fighting against cash buyers who don’t need an appraisal, you may choose to offer an appraisal waiver saying that you will cover the appraisal gap with extra cash if the appraisal comes in low.

Here’s An Example:

You’re in a multiple offer situation and you manage to beat everyone else by making a $400k offer.

A few doors down, there’s a house that’s exactly the same as yours that sold a few months ago for $350k.

Normal Situation

Purchase Price: $400k

Appraised Value: $400k

How much cash do you need upfront?

5% down payment on $400k mortgage = $20k + closing costs

Appraisal Gap Situation where you waived the appraisal

Purchase Price: $400k

Appraised Value: $350k

How much cash do you need upfront?

5% down payment on $350k mortgage = $17.5k

$50k shortfall between appraised value and purchase price

$50k + $17.5k = $67.5k + closing costs

Why would you decide to give an appraisal waiver/appraisal guarantee?

If comps haven’t caught up to true market value and you’d rather risk paying more...

Our first OFFICIAL Guess The Price gameshow featuring all manner of space memorabilia! Special guest Loren Grush goes head-to-head with Maggie & Taylor with wild guesses on the price of everything from Soviet Moon Rocks to Golden Astronaut Hand Casts. Place your own bets and then listen to find out who has a failure to launch and who overshoots into outer space.

Soviet Collected Moon Rocks

Collected during the 1970 Soviet Luna-16 mission and gifted to the widow of Russian space-program pioneer Sergei Korolev.

Sold by Sotheby’s in 2018 for $855,000

Astronaut Hand Casts

15 plaster hand casts used as models for making spacesuit gloves for the Apollo astronauts.

Sold by Bonhams in 2016 for $155,000

Snoopy Astronaut Doll

Signed by Apollo 10 Commander Tom Stafford: “Snoopy, LM-4 Call Sign, Tom Stafford, Apollo X Cdr, May 69“

Sold by Bonhams in 2015 for $1,875

Apollo 13 Flight Plan

Presented it to the mission’s Lead Flight Planner after the crew autographed it and wrote, “To Bob — A truly perfect flight plan as far as we got.”

Sold by Sotheby’s in 2017 for $250,000

Neil Armstrong’s Lunar Sample Bag

With remnants of moon dust inside, this piece is the most expensive NASA artifact sold to date.

Sold by Sotheby’s in 2017 for $1,800,000

Today we’re getting to know Loren Grush, universe renowned Space Journalist. Discover how her relationship with money has changed over the years & enjoy a laugh with us over awkward dating stories. Loren is joining us for the next few episodes including a hilarious round of Guess The Price and a series on first time homebuying where we share our own homebuying/home search experiences and then break down what you need to know if you’re gearing up to buy your first house.

Website: www.LorenGrush.comInstagram: @grushcrushTwitter: @lorengrush

Surprisingly, only 1 of these comes with an instruction manual. Why your credit score is important even if you don’t plan on taking out debt & how to get it in tip-top shape. We’re breaking down different types of debt, the fastest way to tackle your credit card debt, and we barely scratch the surface on the many ways the student loan system is super fucked up.

Clarification on Deferred Student Loans & Interest

* Interest on federally subsidized loans does not accrue during the deferment.* Interest on unsubsidized loans does accrue during deferment and is added to your loan at the end of the deferral period.* Deferment on private student loans varies by lender, and not all lenders offer it.* More Info on Deferment: https://www.investopedia.com/what-is-student-loan-deferment-4771251* Student Loan Forbearance during COVID-19: https://studentaid.gov/announcements-events/coronavirus

Full Show Notes Coming Soon

* History & State Of The Union* Women got bank accounts in the 1960s, credit cards in 1974* Credit Scores* Why is a good credit score important?* Even if you don’t plan to take on any debt (credit cards, mortgages, etc), your credit score may still be used by employers when you’re applying for jobs and by landlords when submitting rental applications. A poor credit score can limit your job prospects, limit your rental options, and cost you more in upfront deposits on your rental housing.* The two most important factors to raise your score.* Sneaky strategy for maintaining your credit score if you want to close a credit card.* Student Loans* Income Based Repayment* The abysmal acceptance rate of the Non-Profit Forgiveness Program* Credit Cards, Mortgages, Car Loans* Credit Cards* Revolving debt that is typically not backed by any assets* Ways Credit Card Companies make money* transaction fees* interest charges* late fees* How credit card interest works* Myth Busted: Carrying A Balance On Your Credit Card Improves Your Credit Score… FALSE* Mortgages * Considered installment debt not revolving debt so don’t affect credit utilization* Debt on an Appreciating Asset (value of asset grows over time)* Car Loans* Debt on a Depreciating Asset (value of asset declines over time/with use)* Snowball vs. Avalanche method for paying off debt* Additional Resources* Explained: Money | episode on Debt* Two Income Trap | Book* How to help incarcerated family members

We watched the Berkshire Hathaway 2021 Annual Shareholders Meeting so you don’t have to! Enjoy salacious commentary on Warren Buffett’s wildly naive perspective on health care and retail investors, and Charlie Munger’s take on “god awful, immoral “ crypto. And why DOES Buffett have so much of his money in cash right now?? All this and more relentless roasting of two of the wealthiest 90-some-odd-year-olds out there.

Are you a Growth or Value Investor? Do you love a risky crypto investment or cling to the financial stability of cash in the bank? This week we get into active vs passive investing, real estate vs stocks, mortgage math, capital gains tax hikes, why cash is trash, and how you can take advantage of front page PR scandals.

The following Show Notes include: a breakdown of investing styles, Mortgage Math Made Easy, and a hilarious video of someone selling an apple.

Index Investing vs Active Investing

Index Investing

* Allows you to invest in a broad swath of the market and essentially means that your returns will match the market since you’re getting the average return of all the companies in your index.* Fairly low risk and the easiest way to invest since it doesn’t require a lot of time or knowledge on your part.* Can be very low cost depending on the index and vendor you select, which is great because it means you keep compounding more of your money over time instead of it getting bled off by fees.

Active Investing

* Gives you the potential to beat the market and get a higher return on your investment but it requires a lot more time and energy to educate yourself on the companies that you’re looking at investing in.* Your costs might be substantially higher since you’re paying transaction fees every time you buy and sell in the market.* Value Investing and Growth Investing are both Active styles of investing.

Value Investing vs Growth Investing

Both of these types of investing strategies look at the current market price of a stock compared to the underlying value that we believe will eventually be reflected in the price.

In Value Investing, we’re looking for companies that, based on all the available information about the company, appears to be worth more than the current price actually reflects. So we buy the stock today at a discount and hold onto it until the price rises to match the actual underlying value.

* Typically seen as lower risk since we have a tangible comparison of company’s actual worth compared to its current price.* Tend to outperform Growth stocks if held for long time periods OR during periods of a bear market or recession.

For Growth Investing, the price today may match the actual underlying value of the company but we believe the future value of the company will be way higher based on the products/services/initiatives that company is working on. So we buy the stock today, wait for those new products and services to hit the market, which causes the price of the stock to grow dramatically, and we cash out our profits after that growth happens.

* Often higher risk since we’re betting on the company doing something amazing in the future without fucking it up along the way.* Potential to substantially outperform Value stocks if you’re looking at shorter timeframes (less than 5 years) and bull market periods.

ESG, SRI, and Impact Investing

ESG – Environmental, Social, Governance

SRI – Socially Responsible

ESG and SRI primarily focus on weeding out the bad players or the companies so they essentially select any companies that are neutral or better when assessed against the environmental and social criteria.

Impact Investing goes a huge step further by also weeding out those neutral companies and focusing exclusively on companies whose mission is to create positive impact environmentally, socially, etc. while also being profitable companies that can sustain themselves and continue their work for ...

Tell me what you want, what you really really want. The art of Shame Free Sex talks without having to put everything on the table. Navigating new relationships, moving in together & spending time apart. Why no one wants to be a project manager in their own relationship plus the worst relationship advice Jewels has ever received.

* WeShouldTryIt.com or the Spicer App for iPhone & Android* Sex questionnaire that helps couples find out what they both like or want to try. You each fill out the questionnaire individually, and then it only shows things you’re both into or curious about.* Sex With Emily | Awesome sex educator with a radio show, podcast, MasterClass and website full of resources* Website | Podcast | MasterClass