E109 Do You Need Forced Savings?

E109 Do You Need Forced Savings?


Whether you’re “disciplined” with money, or cash just flows through your pocket, don’t worry: As long as you know yourself, you can set up systems for your success.

 

First, we’ll have a fun little quiz so we can know ourselves, our habits, etc.

 

Then, we’ll talk about some systems to help folks save without willpower.

 

And lastly, our bonus tip: one type of forced savings you should avoid.

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E108 Frugal is Forever

E108 Frugal is Forever


How do you approach saving for retirement? Some people focus on earning more, while others on spending less (not mutually exclusive, by the way). Then there are the frugals.

The Frugal/minimalist movement is at the very end of the spectrum of cost-consciousness, bordering on a monk-like existence.

Let’s talk about 3 common rationales for frugality, and then 3 reasons why this is dangerously limited thinking (the last reason is the most important)

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E104 Why NOT to Save for Retirement youtube

E104 Why NOT to Save for Retirement


Do you want to know if your reasons for not saving for retirement are good enough? We’ll talk about the 4 reasons why folks don’t save for retirement, and the pros and cons of each.

At the end, Janice and I will share which of these we think are valid (at least sometimes).

Links:

https://www.investopedia.com/ask/answers/102814/what-maximum-i-can-receive-my-social-security-retirement-benefit.asp

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E103 6 Reasons Investing is Better than Homeownership

E103 6 Reasons Investing is Better than Homeownership


“…though I would have made far more money had I instead rented and used the purchase money to buy stocks,” Warren Buffett

Links:

https://www.businessinsider.com/real-estate-vs-stock-market-investment-2018-9

https://www.thebalance.com/real-estate-vs-stocks-which-is-the-better-investment-357992

https://momvesting.com/content/keeping-joneses-tale-about-house-poor-life

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E101 Index Funds vs. Mutual Funds: Where to Invest Your Retirement Accounts


Put your money in index funds, not mutual funds. Here are the 3 key differences between them, and what it mean for you and your retirement money.

Links:

https://www.nerdwallet.com/blog/investing/index-funds-vs-mutual-funds-the-differences-that-matter-most-to-investors/

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E100 Parents: Pay for College or Seed their IRAs?


Thought experiment: is it better to spend $100,000 towards paying for your kid’s college education, or using that $100,000 to seed their IRA?

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E98 Where to Save Your Money First

E98 Where to Save Your Money First


Even if your ready to be responsible and start saving,it get that it can be confusing.

Where to start? Which is more important: 401k or IRA? Here are some answers.

Links:

https://www.nerdwallet.com/blog/investing/prioritize-your-saving-and-investing-goals/

https://money.usnews.com/investing/investing-101/articles/2018-10-26/how-to-prioritize-ira-and-401-k-accounts

https://www.forbes.com/sites/lizfrazierpeck/2017/11/07/the-top-three-priorities-for-savings/#4b61fdba6060

https://www.cnbc.com/2019/02/25/buffett-remains-bullish-on-index-fund-investing.html

https://www.fool.com/retirement/retirement-step-8-your-house.aspx

https://www.nerdwallet.com/blog/investing/using-retirement-savings-college-think-twice/

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All my books at https://www.amazon.com/-/e/B07KY2JDGR

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

E97 2 Free State Colleges youtube

E97 2 Free State Colleges


Don’t stress out so much about saving for kids’ college. There are plenty of free options. Here are 2:

Links:

https://blog.prepscholar.com/florida-bright-futures-requirements-sat-act-and-more

https://www.ny.gov/programs/tuition-free-degree-program-excelsior-scholarship

https://www.hesc.ny.gov/pay-for-college/financial-aid/types-of-financial-aid/nys-grants-scholarships-awards/the-excelsior-scholarship.html

https://www.nerdwallet.com/blog/loans/student-loans/tuition-free-college/

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“How Probate Works” on Amazon https://amzn.to/2Eld2DF

 

“How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9

 

All my books at https://www.amazon.com/-/e/B07KY2JDGR

 

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

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E95 How to Open a Brokerage Account for Your Kid

E95 How to Open a Brokerage Account for Your Kid


Teach your kid to be rich, or to settle for 2% per year?

Crack open that piggy bank, get the cash out from under the mattress, and show your kids (and yourself) how to invest like a grownup.

Links:

https://www.nerdwallet.com/blog/investing/set-kids-brokerage-account/

https://www.investopedia.com/ask/answers/can-someone-not-yet-legal-age-open-brokerage-account/

https://www.rothira.com/roth-iras-for-kids

https://personal.vanguard.com/us/whatweoffer/college/ugmautmaatglance

https://www.fidelity.com/open-account/custodial-account

https://www.fidelity.com/retirement-ira/roth-ira-kids

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“How Probate Works” on Amazon https://amzn.to/2Eld2DF

“How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9

All my books at https://www.amazon.com/-/e/B07KY2JDGR

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

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E92 The SAT’s New Adversity Score Will Accelerate Its Irrelevance youtube

E92 The SAT’s New Adversity Score Will Accelerate Its Irrelevance


What happened to the SAT? It used to be this super-intimidating, need-it-for-college and a decent future, stress-inducing test. Now, it’s kind of a joke, no?

Links:

https://www.forbes.com/sites/petergreene/2019/05/18/the-real-story-behind-the-college-boards-sat-adversity-score

https://www.zerohedge.com/s3/files/inline-images/2019-05-16_11-07-40.jpg?itok=5nbyyPZn

https://www.dailymail.co.uk/news/article-7041345/College-board-president-SAT-adversity-score-mastermind-controversialCommon-Core.html

https://www.edweek.org/ew/articles/2017/05/24/in-race-for-test-takers-act-outscores-sat–for.html

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“How Probate Works” on Amazon https://amzn.to/2Eld2DF

 

“How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9

 

All my books at https://www.amazon.com/-/e/B07KY2JDGR

 

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

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