Your Money Puzzle

History has shown us that some of the most successful companies in our country began during tough economic times. Today we’ll use the story of Airbnb, which came out of the 2008 crash, to find the lessons that we can use to be successful after the current crisis comes to an end.

Read more and get additional resources here: https://wp.me/paQKv1-ct 

Watch the video podcast here: https://youtu.be/nHcs5Z4-CnI 

Today's show rundown: 

1:16 – We’re going through a lot of financial craziness right now.

2:21 – News headline: More than $40K found inside couch purchased from thrift store.

4:41 – Hot Topic for the Day: How this crisis compares to 2007-08.

6:09 – Crazy story about two college graduates in 2007 that started Airbnb out of financial desperation.

9:40 – They were turned down by many investors as they pitched the idea. Here’s how they persevered.

11:16 - The Airbnb story teaches us you can be successful during difficult economic times.

12:45 - Other companies that were started in difficult financial times.

13:48 - There are opportunities available right now and new innovation will come from this lockdown. 

15:11 - That doesn’t mean things are going to be easy right now.

17:07 - 5 advantages to starting a side business or side hustle in tough times.

19:54 - How are you going to prepare and ready yourself to come out on top after this quarantine?

A lot of Americans have been hit hard on the financial side due to the coronavirus pandemic and need help navigating this uncertain time. Let’s talk about five steps you can take right now to improve your situation and set yourself up for a positive future. 

Read more and get additional resources here: https://wp.me/paQKv1-cj

Watch the video podcast here: https://youtu.be/P4-QsF1-Nuc

Today's show rundown: 

0:46 – Times are different right now and that’s the same for us.

2:06 – Today we’ll talk about dealing with a financial crisis and things to know/do.

3:22 – First tip: Spend less than you make. 

3:40 – Second tip: Talk to your mortgage and utility companies about pausing bill payments without penalty.

7:00 – Third tip: Continue to invest in your 401k or IRA.

8:47 – Can we count on the market to rise back up?

11:07 - Fourth tip: Remember your long-term plans and goals. 

12:17 - Fifth tip: Don’t borrow money to use for investing.

14:13 - Pause and think about all of these things right now. Take time to review.

One of our goals with the Money Puzzle podcast is to help people be financially confident. Well, the country is currently in the midst of full-blown coronavirus craziness and you may be wondering, 'Can I be financially confident?' Will I ever have that future that I dream of? The short answer is yes and we'll talk about ways to handle a market crash.

Read more and get additional resources here: https://yourmoneypuzzle.com/podcast/money-puzzle-49-4-ways-to-handle-a-crashing-stock-market/ 

Watch the video podcast here: https://youtu.be/TYLFkgwxHcA 

Most retirees will depend on Medicare for the health insurance needs and it's important to understand your options. There are four parts to Medicare - A, B, C, D - and they all serve different purposes. Today we brought on a Medicare specialist to help us understand all four parts and what they mean to you.

Read more here: https://wp.me/paQKv1-c4 

Watch the video here: https://youtu.be/H3vX8LjjDN0 

It’s time to talk about IRA’s. What’s the difference between traditional and Roth IRA’s and, since it’s tax season, how do they each affect your taxes? By now, you should have received your W2s and 1099s and be well under way towards filing your taxes. But before you do, you still have time to get some extra deductions AND save a little extra for retirement at the same time with a traditional IRA. Or, depending on your situation, save more for retirement and save taxes in the future with a Roth IRA. Either way, you need to know how they work in order to choose which one is right for you. Here’s the breakdown!

Read more and get additional resources here: https://wp.me/paQKv1-bX 

Watch the podcast video: https://youtu.be/kdGqPStQ0hA 

Unless you’ve been living in a cave for the past few weeks, you’ve probably heard about the Coronavirus. Even if you HAVE been living in a cave, you’ve probably still heard of it. The topic is dominating the news, the internet and the financial markets, and it’s been causing some extra volatility and fear lately. The thought of a worldwide pandemic is scary, but should it be driving the stock markets down, and should you be listening and buying into everything you’re hearing?

Read more on the topic here: https://yourmoneypuzzle.com/podcast/money-puzzle-46-news-noise-and-the-coronavirus/ 

Watch the video podcast here: https://youtu.be/g8_VeH5l0O8 

There is plenty of misinformation spread across the financial world. Unfortunately, many people base their planning decisions based on these rumors and myths. On this episode, Robert and Brian tackle four of the biggest investing myths so you don't end up going down the wrong path in retirement. 

Get the show notes here: https://yourmoneypuzzle.com/podcast/money-puzzle-45-4-big-investing-myths/ 

Watch the video: https://youtu.be/5Ov6wgmCtjU 

In honor of Valentine's Day, which also happens to be the wedding anniversary for Robert and his wife, we talk about promises we make to our loved ones and how financial planning is one of those. This February, and every February, is “Insure Your Love” month, which is sponsored and run by the Life Happens Foundation. It’s a month-long dedication across America to looking at and reviewing your life insurance, and this year’s theme is about keeping your promises. It got me thinking - that’s exactly what ALL financial planning is about – keeping the promises you’ve made to the people you care about. So that's what we'll talk about on this episode.

Check out the full show notes here: https://wp.me/paQKv1-bt 

Watch the video podcast here: https://youtu.be/qfK5UEWWWvQ 

There are a lot of big mindset changes that need to take place in your 60s. You no longer have places to go unless you want to go. You’ve basically got 6 Saturdays and Sunday every week. You’re going into a whole new phase of life and a completely different style of life. It takes some getting used to, and it takes a little bit of planning to make sure you get it right! So, let’s wrap up the top three things to get done.

Read more about this topic and see the video here: https://wp.me/paQKv1-bj

Let's keep rolling through our 60s as we prepare to move into retirement by talking about money moves number four and five on our list. 

Get the show notes and video podcast here: https://wp.me/paQKv1-b9 

If you missed any of our previous episodes, check them out: 

Part one: Money Moves to Make in Your 20s

Part two: Money Moves to Make in Your 30s (5-8)

Part three: Money Moves to Make in Your 30s (Nos. 1-4)

Part four: Money Moves to Make in Your 40s