WEALTHSTEADING Podcast investing retirement money stock market & wealth

Episode 32:   How much you earn doesn’t necessarily correlate with how much you’re worth.

Top 1% earners:  ~$390k

Top 1% net worth: ~$2.4 million  (Believe me when I tell you that I know MANY middle class Joe’s that never earned $300k and yet they’re nearing retirement with a net worth of $2 million.  How did they do it?  Prudent and intelligent living.)

See the 10 wealth building principles.

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Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

 

Episode 31:   Mortgage debt- whether you pay off the mortgage or not, the point is to lead a prudent lifestyle so that you own your house and it doesn’t own you.

Should you pay off your mortgage early?  That depends…we discuss some options.

The main take away on debt- the interest fee isn’t the biggest penalty, it’s the use of leverage to lead a life that’s beyond what you can afford.  The danger is: not living within your means.

In this episode we also cover Obamacare propaganda and some other news tidbits.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

 

Episode 30:   Mutual fund managers and other institutional investors are constrained by the mandate of their prospectus.  In some cases this prevents them from selling equities and moving to cash, to avoid an apparent stock market meltdown.  They’re forced to buy and hold.  Perhaps that’s why the financial industry tries to convince individual investors that they too should shackle themselves into buy and hold handcuffs.

When fund managers sense a pending market correction, if they can’t move to cash, they’re forced to purchase the safest stocks- usually big blue chip dividend paying companies.  Again, perhaps that’s why the Russell 2000 is doing so poorly and the DOW has been hitting new highs.

Today the major indexes fell hard below their 50 day moving averages.  This might be a harbinger of things to come.

The US Dollar remains strong.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 29:   These cities support a blue collar [entrepreneur] millionaire lifestyle because opportunity is not overshadowed by cost of living: Flower Mound TX, Broken Arrow OK, Olathe KS, Richardson TX, Carmel IN, Meridian ID, Kenosha WI, Cape Coral FL, Layton UT, Henderson NV.

The key to a reasonable cost of living is keeping housing below 3 times your annual salary: $100k income would mean not paying more than $300k for a house.  [By living within your means, you can eventually conform to wealth building principle #2:  Live debt free]

My definition of “blue collar entrepreneur” is broadly defined as someone that works with their hands creating a product or service- so a carpenter or a heart surgeon would qualify.  Even most small business owners would meet the definition.

The key point is PRODUCTION.   [wealth building principle #3:  Production is the source of wealth]

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 28:  The markets are extremely volatile and the US dollar is rising.  IBD’s market status has moved back under pressure after only a few days of uptrend.  My take can be found here:  http://www.investablewealth.com/markets-volatile-while-the-us-dollar-rises/

The global economy is slowing.  The rising dollar may hurt exporters and reduce foreign profits because of unfavorable exchange rates.  Be cautious.

Listener questions on:  Triple Witching Expiration, Alibaba IPO.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 27:   Financial news sources I use on a daily basis

In this episode we answer listener questions:

–          Sources for news and financial information.

–          Discount stock brokers.

–          Sources for online stock charts that show moving averages and volume.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

 

Episode 26:   Meet a young couple with an above average net worth- what makes them different than you?  They’re savers.

Market review:  uptrend under pressure- rotation out of high risk NASDAQ stocks into DOW.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 25:   In this episode I rant about being cautious and watching out for thin ice.  When the media’s all talking hype, you should be concerned.

Watch the 50 day moving average of a stock or of an index.

There’s about $30B coming out of the market weekly- is that the smart money?

Not everything is up:  37% of stocks down and although World Markets are recovering most are still down.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 24:   Getting paid what you are worth: Earning = Training Period + Skill + Demand

These three simple factors determine how the market pays.  The time needed to train for a position (or conversely the time it takes the employer to train someone else for your position after he fires you).  The employee’s skill and performance level.  The market demand for the product or service that the employee provides.

In a free market that’s how earning compensation is determined.  If you’re not being paid what you desire.  Then change one or more of the three factors in the equation.  Once you’re hitting on all cylinders, offer yourself to the marketplace.  An employer that recognizes value will hire you- not because he’s fair, but because it’s in his own self-interest to do so.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

Episode 23:   Getting the job you want, whether it’s your first job, the next promotion, or a total career makeover- we discuss four tried and true methods:

* Networking

* Study & Cold Call (compare/contrast with Dan Miller http://www.48days.com/  )

* Focus on the specific geographic region and the unique WORK that takes place there

* Recruiters/Headhunters

* Answering want ads (worst option, almost not worth pursuing)

Also- I had the fortunate opportunity to be interviewed by Joshua Sheats of the Radical Personal Finance Podcast.  This was a long format, conversational discussion about all things pertaining to wealth- the millionaire next door lifestyle, raising kids, saving, investing, etc.  I think you’ll enjoy it.

Joshua hosts a fantastic podcast.  He’s an excellent interviewer, well educated in financial matters, and his heart is in the right place.  I highly encourage you to subscribe to his podcast.

My interview (episode 54) with Joshua can be found at:   http://radicalpersonalfinance.com/54/

The Radical Personal Finance Podcast is available in iTunes and similar broadcast apps.

Subscribe to the Wealthsteading Podcast:

via iTunes:  https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058

via STITCHER:   http://www.stitcher.com/s?fid=53115&refid=stpr

Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com

Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.