Money Talks News: The Podcast

FOMO, Fraud, and Financial Ruin: Lessons from the Crypto Craze

35m · Published 29 Nov 19:00

In this episode, we're talking about how money FOMO, among other things, can make you vulnerable to scams and how to avoid being a victim.

Cryptocurrency was all the rage for a couple of years, and it seemed nothing could go wrong. It was a very social experience. In 2022, 31% of new crypto investors got started with advice from a friend. On top of that, 10% of investors cited the fear of missing out, or FOMO, as a reason to get into the market.

When inexperienced investors flood into fad investments like crypto, scammers aren't far behind. And that's exactly what happened with crypto. The market collapsed, and thousands of would-be millionaires had their savings wiped out.

Let's make sure crap like this doesn't happen to you.

HostStacy Johnsonis joined by financial journalistMiranda Marquit. Listening in and sometimes contributing is producerAaron Freeman. Today investigative reporter Zeke Faux, author of the book Number Go Up, just named a book of the year by the Washington Post, will join us to talk about how the fear of missing out can lead to scams.

Before you listen, remember: This isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

You can listen to the podcast wherever you get your podcasts:

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Watch out for scams

Scams are everywhere. Even smart people can fall for scams. As we talked about with our guest, there are many reasons people fall prey to fraudsters. Here are some scams to watch out for, as well as resources on avoiding scams:

9 States Where People Face the Highest Risk of Identity Theft and Fraud
Hear a Loved One's Voice Calling for Help? It Might Be a Scam
Don't Fall for These 5 Types of Costly Small-Business Scams
24 Costco Scams Going Around Right Now
7 Text Message Scams to Avoid and Report Immediately
Free Program Uses AI to Spot Scams Before They Trap You
How to Avoid Mail Delivery Phishing Scams
How to Tell If Fraudsters Have Opened Bank Accounts in Your Name
6 Things Scammers Do With Your Cellphone Number
4 Beliefs That Make You Easy Prey for Scammers

How to invest—without being scammed

Investing is still one of the best ways to build wealth over time. And, just because cryptocurrency ended up being ripe for fraudsters, it doesn't mean all investments are scams. Here are some resources for making money with investments:

The Investing Combo Linked to a Better Retirement Lifestyle
Why Index Fund Investing Is Good for Your Retirement
7 of the Best Dividend Stocks to Help Fund Your Retirement
5 Simple Tips to Make Money With Stocks
Investing in Gold and Gold IRAs: 5 Things You Need to Know
How to Choose Between Active and Passive Investing
7 Things You Should Know Before Investing in I Bonds
9 Tips for Sane and Successful Stock Investing
Environmental, Social and Governance (ESG) Investing: Hope or Hype?
How to Invest When Both Stocks and Bonds Are Falling
7 of the Best Ways to Invest That Don't Involve Stocks
How to Find the Best Dividend Stocks, Step by Step

Meet this week's guest, Zeke Faux

Zeke Faux is an investigative reporter for Bloomberg Businessweek and Bloomberg News, and a former National Fellow at New America. He's a winner of the Gerald Loeb award and the American Bar Association's Silver Gavel award and a National Magazine Award finalist. His work has also appeared in New York Magazine, and the anthologies The Year's Best Sportswriting and The Best Business Writing. He lives in Brooklyn with his wife and three children.

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Twitter

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcastshereor download them to your phone from any number of places, includingApple,Spotify,RadioPublicandRSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

Mind Over Money: How Thoughts Create Wealth

43m · Published 15 Nov 10:00

In this podcast episode, we're talking about how the way you think can make you richer…or poorer.

We've all heard the stories: people win the lottery, then lose it all. Or a millionaire who loses everything and then rebuilds their fortune seemingly overnight.

These examples illustrate that financial success isn't just determined by your income and expenses, just like success as an athlete isn't all about talent. A significant part of winning, physical or financial, comes from things like your attitude and beliefs.

So today, we will talk about how you can flip your mental script to unleash your potential.

HostStacy Johnsonis joined by financial journalistMiranda Marquit. Listening in and sometimes contributing is producerAaron Freeman. Our guest today is Yanely Espinal, the author of the book Mind Your Money. She's going to help us figure out how to change your money mindset and position yourself for success.

Before you listen, remember: We're not offering financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here. Additional disclosure: Co-host Miranda has a freelance writing relationship with Student Loan Planner.

You can listen to the podcast wherever you get your podcasts:

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Money mindset is a big part of financial success

Often, the stories we tell ourselves about money hold us back. Overcoming some of these money mindset issues can be a big part of moving on to the next stage of financial success. How we view money and our financial values can shape our budgets and how we plan for the future. Here are some of our resources for planning, values, financial wellness and updating your money mindset.

How a Planning Mindset Can Impact Your Finances
5 Tips to Make Better Financial Decisions
How and Why to Pass on Financial Values to Your Heirs
9 Ways to Be More Financially Aware and Successful
What Is Financial Wellness? Have You Achieved It?
17 Financial Micro Habits for More Peace of Mind
Financial Therapy: What It Is and Why You Might Benefit From It
The Most Important Long-Term Financial Goal Has Nothing to Do With Money
5 Tips for Boosting Your Income to Reach Your First $1 Million
6 Tips for How to Manage Money for Happiness
How to Create a Budget You Love: 5 Things You Need to Know

Financial resources for taking those first money steps

While working on your money mindset is a big part of moving forward, you also need the ability to take actionable steps. Here are some of our best resources for mastering the basics so that you can go on to build wealth.

10 Top Budgeting Lessons to Improve Your Money Management
The 5 Best Budgeting Apps to Get Your Finances Together
How to Build a Family Emergency Fund
Health Savings Accounts and Why They Are Great for Retirement
Saving Is Not Enough: Why You Need to Invest
Congrats on Saving $1000: Now Do These 5 Things to Make it $10,000
How Much Should You Have in Emergency Savings?
11 Surprisingly Simple Ways to Slash Your Expenses
8 Small Expenses That Are Bleeding Your Budget Dry
Financial Wisdom: What Is the Best Investment?
Why Index Fund Investing Is Good for Your Retirement
Become an Overnight Financial Whiz With These 5 Simple Tools
3 Powerful Tools to Destroy Your Debts and Renew Your Credit

Meet this week's guest, Yanely Espinal

Yanely is a Brooklyn-born ball of energy with an intimate knowledge of financial education, culture, and politics in America. Known on the internet as MissBeHelpful, she's a millennial financial educator who started her career as a teacher, and now serves as the Director of Educational Outreach at Next Gen Personal Finance (NGPF.org)

Over the last four years, Yanely has worked with governors and state legislators to pass laws requiring personal finance education for a full semester before high school graduation. Bills that Yanely has championed have been signed into law in Florida (SB1054), Michigan (HB5190), Georgia (SB 220), Rhode Island (H 5491), and North Carolina (HB 924).

The stories in her debut book, Mind Your Money, detail her journey from food stamps to financial freedom and her experience navigating the Ivy League as a first-generation daughter of immigrants.

Website
YouTube
Instagram
LinkedIn

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcastshereor download them to your phone from any number of places, includingApple,Spotify,RadioPublicandRSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

5 Simple Tips To Make Money With Stocks - MTN Rewind

38m · Published 09 Nov 10:00

Today’s podcast is a replay of a popular show we did a few months back. So if you didn’t hear it the first time, or want to hear it again, now’s your chance. Thanks for listening to Money Talks News…the podcast!

If you're an avid investor…or even if you're not…at one time or another you've probably considered investing in individual stocks. I've been doing it for 40 years, and over that time have made well over a million dollars investing in the stocks of individual companies.

But stock picking isn't for everyone, and it comes with risks. Even the best stock pickers periodically lose money. The trick is to learn a few rules that will increase your odds.

And that's what we're going to talk about today.

Stacy Johnsonand financial journalistMiranda Marquitare joined by producer and novice investorAaron Freeman. This week's guest is a friend of the show, Kevin Matthews, a former investment advisor and the author of Starting Point: How To Create Wealth That Lasts.

Remember, even though we sometimes talk about specific investments on this show, don't take them as recommendations because they're not. Before investing in anything, do your own research, and make your own decisions.

You can download this episode wherever you get your podcasts:

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Don't forget tocheck out our podcast page for more episodes designed to help you make the most of your money.

Don't Miss

We're talking about investing this week, so you don't want to miss out on an opportunity to learn more about investing in alternative assets.

You can easily diversify and build a portfolio of private assets like real estate, private credit, and venture capital in less than 5 minutes, with as little as $10,by opening an account with this next-generation portfolio manager.

Got Parent PLUS Loans? Prepare for the Coming Cliff

37m · Published 01 Nov 09:00

In this episode, we're talking about how parents help finance their kid's education. Specifically, we're going to discuss Parent PLUS loans and how they impact millions of Americans hoping to retire.

Americans above the age of 60 are drowning in student loan debt, both their own and that of their kids.

The number of people over the age of 60 who have student loan debt has sextupled since 2004, now at $125 billion.

Part of that debt is made of Parent PLUS loans: loans taken out by parents to help students. 3.7 million people of varying ages owe $108.5 billion in Parent PLUS debt.

If you're one of those parents, there's stuff you need to know. Because some options you now have to deal with PLUS loans will soon be going away. It's so serious, it's being called the PLUS loan cliff.

Sounds ominous!

Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Today's guest is Travis Hornsby, the founder and CEO of Student Loan Planner. He's going to help us navigate this confusing topic and tell us how to handle this debt.

Before we start, remember: We're not offering financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here. It's also important to note that Miranda has a freelance relationship with Student Loan Planner. She provides content for them on a contract basis.

You can listen to the podcast wherever you get your podcasts:

Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Spotify
Let's talk about paying for college

Parent PLUS loans are a type of Direct loan. When loans for undergraduate students fall short of meeting funding needs, Parent PLUS loans can fill the gap. The student loan system is complicated, and it's important to understand how you can pay for college, whether you get loans or not.

Here's more information about student loans and paying for college, including ideas for getting a better return for your tuition buck in terms of jobs.

What to Know About Student Loans Before You Borrow
7 Ways to Get Free Money for College
5 College Majors With the Worst Employment Rates — and 5 With the Best
Top 20 Colleges and Universities That Hire for Flexible Jobs
10 Colleges Where Tuition Is Free
10 Things College Students Should Learn About Money
Good Jobs That Don't Require a College Degree
9 Colleges That Offer Free Tuition for Seniors
8 Ivy League Colleges That Offer Free Online Courses
Free College Courses for Seniors in Every State
Can't Afford a College Degree? Consider Certification and a New Job
What you need to know about student loans, including Parent PLUS loans

Student loan debt can feel overwhelming. However, there are programs for forgiveness. It's also important to understand the difference between private and federal student loans. Here are some resources you can use to learn more, both on Money Talks News and on other websites.

13 States That Could Tax Forgiven College Loans
11 Ways to Pay Off Student Loans Fast
5 Ways to Avoid Drowning in Student Loan Debt if You Drop Out of College
How to Get Free Help With Your Student Loans
How to Prepare for the Parent PLUS Cliff in 2025 (Miranda's article for Student Loan Planner)
Parent PLUS Loans: You might be eligible, but should you take one? (Miranda's article for Britannica Money)
Federal loans vs. private loans: Understanding student loan issuer types (Miranda's article for Britannica Money)
Federal student loans: Subsidized vs. unsubsidized loans (Miranda's article for Britannica Money)
Meet this week's guest, Travis Hornsby

Travis Hornsby is a speaker and the founder of Student Loan Planner, which he launched after helping his physician wife navigate ridiculously complex student loan repayment decisions. To date, Student Loan Planner has consulted on over $1 billion in student debt. Travis is a Chartered Financial Analyst and brings his background as a former bond trader trading billions of dollars. Trying to solve the student loan crisis brought him out of his first retirement at the age of 25.

He brings that same intensity to analyzing the best repayment paths for graduate degree professionals with six figures of student debt. Travis and his team have helped over 13,000+ clients save over $783 million dollars on their student loans, and he's been featured in NPR, New York Times, Bloomberg, U.S. News, Business Insider, Forbes, Rolling Stone, ChooseFi, Bigger Pockets, Money, and more.

Website
Podcast
Instagram
TikTok
Twitter
Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

Listening to Money Morons: Dave Ramsey

45m · Published 11 Oct 09:00

Dave Ramsey has long been considered "the man" when it comes to financial advice—especially if you want to get out of debt.

In recent years, though, controversy has dogged Dave's heels. He had to settle a discrimination lawsuit for his employment practices, and he's facing a $150 million lawsuit from disgruntled followers who took his advice to use a company now being investigated for fraud.

So, should you listen to Dave Ramsey? Let's discuss what Ramsey does right, what he does wrong, and whether you should follow his advice at all.

HostStacy Johnsonis joined by financial journalistMiranda Marquit. Listening in and sometimes contributing is producerAaron Freeman. Today's special guest is Tori Dunlap, founder of Her First $100K and the Financial Feminist podcast.

Before we start, remember: We're not offering financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

You can listen to the podcast with the player at the top of this page, or download it wherever you get your podcasts:

Listen onApple Podcasts
Listen onGoogle Podcasts
Listen onSpotify

Where are you getting your financial advice?

One of the first names that pops up when you think of "financial gurus" is Dave Ramsey. But is Dave really the best place to get ALL of your financial information? And what about all these other financial gurus? (Stacy has an article about why he doesn't trust Suze Orman.)

It's hard to say. Our guest, Tori Dunlap, takes us through some of the issues with relying too heavily on Dave Ramsey—especially when other financial educators and professionals might provide you with better information for your circumstances.

Money Talks News offers plenty of information on vetting your financial advice sources—and provides helpful insights and tools for making better money choices.

Few Big Banks Offer Good Financial Advice, Customers Say
25 Pieces of Popular Financial Advice You Should Ignore
7 Pieces of Common Money Advice That Can Cost You
When to Pay for Financial Advice and How to Find the Right Adviser
11 Tips to Help You Figure Out if You Need to Pay for Financial Advice
What Do Financial Advisers Actually Do?
5 Things to Know When Choosing a Financial Adviser
How Much Does a Fee-Only Financial Adviser Cost?
Financial Therapy: What It Is and Why You Might Benefit From It
The Best Sources to Help You Make Great Financial Decisions
Become an Overnight Financial Whiz With These 5 Simple Tools

Start with free, reputable financial resources

Eventually, it might make sense to seek help from a financial professional. Starting with free financial resources can make a big difference—and Dave Ramsey might not be the best place. There are plenty of other ways to get reputable information from a variety of viewpoints. You can even get this money help without the big heaping side serving of shame that Dave Ramsey dishes up.

Here are some of our best financial resources on Money Talks News, covering everything from reducing costs to paying down debt to saving money to investing and planning for retirement:

21 Products That Will Help You Save Money
11 Ways To Save Money on Food Without Using Coupons
10 Depression Era Hacks and Frugal Living Ideas To Save Money Now
10 Sure-Fire Ways to Beat Inflation
Debt Consolidation vs. Debt Settlement: 5 Things You Need To Know
5 Things You Need to Know About Paying Off Debt This Year
How to Destroy Your Debt and 3 Things to Do Next
How Much Should You Have in Emergency Savings?
Start Building Serious Savings With a Pay-Yourself-First Strategy
9 Tips for Sane and Successful Stock Investing
The Lazy Person's Guide to Flawless Investing
7 Things You Should Know Before Investing in I Bonds
Your Guide to Alternative Investments
Why Index Fund Investing Is Good for Your Retirement
The Final Stretch: 6 Ways To Boost Savings As Retirement Nears
5 Tips to Reduce Your Retirement Savings Anxiety
5 Fast Ways to Turbocharge Your Retirement Savings

Meet this week's guest, Tori Dunlap

Tori Dunlap is an internationally recognized money and career expert and podcast host. After saving $100,000 at age 25, Tori quit her corporate job in marketing and founded Her First $100K to fight financial inequality by giving women actionable resources to better their money. She has helped over four million women negotiate salary, pay off debt, build savings and invest.

Author of the instant New York Times bestselling book "Financial Feminist"; host of the #1 Business Podcast, Financial Feminist; a Forbes 30 Under 30 honoree; and co-creator of Treasury, an investing education platform that has over $50M invested (featured on New York Times Business front page), Tori's work has been featured on Good Morning America, the Today Show, the New York Times, CNN, BBC and more.

Tori now travels the world writing and speaking about personal finance, online businesses, and confidence for women.

Book
Website
Podcast
Instagram
Twitter
Facebook

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcastshereor download them to your phone from any number of places, includingApple,Spotify,RadioPublic,StitcherandRSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

Medicare Enrollment Is Coming: 5 Things You Need to Know

39m · Published 27 Sep 14:00

If you're one of the millions of Americans eligible for Medicare, you're likely familiar with open enrollment. That's the stretch from Oct. 15 to Dec. 7 every year when you're allowed to make changes to your coverage. And for most people, that's the only time you can.

In order to get the best Medicare coverage for your personal situation, you need to understand your options. And that's exactly what we're going to go over in today's podcast.

HostStacy Johnsonis joined by financial journalistMiranda Marquit. Listening in and sometimes contributing is producerAaron Freeman. Hollie Cohen, a Licensed Medicare Specialist with Preferred Health Group is here to help us navigate the ins and outs of Medicare open enrollment.

Before we start, remember: We're not offering financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

You can listen to the podcast with the player at the top of this page, or download it wherever you get your podcasts:

Listen onApple Podcasts
Listen onGoogle Podcasts
Listen onSpotify

Medicare open enrollment and signing up for Medicare

Medicare open enrollment is a once-a-year event. However, there are times when you can sign up for Medicare outside of the open enrollment period. Our guest has great information on signing up for Medicare, including what you need to know before choosing between Original Medicare, Medicare plus Medigap, and a Medicare Advantage plan.

We also have some good resources that can help you as you figure out the ins and outs of Medicare, including open enrollment. Below are some articles; you can also check out another podcast episode we did on Medicare.

3 Groups Who Can Get Medicare Before Age 65
7 Different Types of Medicare Enrollment Periods
5 of the Best Medicare Advantage Plans, According to Members
A Little-Known Downside of Medicare Advantage Plans
6 Medicare Mistakes To Avoid for a Healthy Retirement
4 Pitfalls for New Medicare Enrollees
8 Free Resources for Navigating Medicare Enrollment Periods
5 Things Most Seniors Get Wrong About Medicare
Do You Have to Sign Up for Medicare?

Making the most of Medicare

Using Medicare to your advantage is an important part of making the most of your retirement health and your finances. It's important to consider potential penalties, as well as understand costs and other items related to Medicare. The following resources can help you avoid higher costs and get more from Medicare.

14 Things That Are Free With Medicare
4 Types of Medicare Penalties — and How to Avoid Them
Which Type of Medicare Costs More in the Long Run?
Medicare Will Not Cover These 10 Medical Costs
How to Save Money on Everything Medicare Doesn't Cover
7 Ways to Score Cheap or Free Dental Work for Seniors on Medicare
How to Save Money on Hearing Aids With Medicare
Medicare Vision Coverage: How to Save Money on Eyeglasses and Exams
Medicare to Cover Alzheimer's Drugs
6 Ways to Get Help With Medicare Expenses
Save Money on Medicare With State Health Insurance Assistance Programs
8 Ways to Avoid Paying More in Medicare Premiums

Meet this week's guest, Hollie Cohen

Hollie Cohen, the licensed independent broker and proud owner of MedigapCares.org, a nationwide agency specializing in personalized Medicare coverage solutions, has an inspiring journey that spans the worlds of advertising, insurance, and financial wisdom.

Licensed nationwide, Hollie possesses a unique ability to help people grasp the crucial differences between Original Medicare paired with a Medicare supplement (also known as a Medigap plan) versus Medicare Advantage.

With over a decade of experience in the insurance industry, Hollie has been a licensed agent for the last 12 years.

Hollie's influence extends to her recognition as a seven-time Mutual Sales Leader for one of the nation's largest Medicare supplement carriers, Mutual of Omaha. Her exceptional knowledge and dedication have earned her a seat on their board, where she contributes her insights to shape the future of the Medicare insurance industry.

Website

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcastshereor download them to your phone from any number of places, includingApple,Spotify,RadioPublic,StitcherandRSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

How to Raise Your Credit Score Without Getting Ripped Off

37m · Published 13 Sep 09:00

In this episode, we're talking about credit repair.

Your credit matters. A lot. Nearly every financial transaction involves your credit: getting an apartment, buying a house, getting cell service…how much you pay for car insurance…sometimes even getting a job. And your credit can determine not just whether you can get various services, but how much you'll pay for them.

So, what happens if you have crappy credit? You might turn to a credit repair company, but this is an area rife with rip-offs. There are more than 40,000 credit repair companies in the United States and it's not easy to tell the good guys from the bad guys. And believe me…there are plenty of bad guys out there.

So today we're going to talk about how to fix your credit yourself, or if you need help, how to find it.

HostStacy Johnsonis joined by financial journalistMiranda Marquit. Listening in and sometimes contributing is producerAaron Freeman. Today's special guest is Michelle Lambright Black, a long-time industry professional.

Remember, our podcasts don't offer financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

You can download the episode wherever you get your podcasts:

Listen onApple Podcasts
Listen onGoogle Podcasts
Listen onSpotify

What you need to know about credit scores

One of the reasons people get worried about credit repair is because they're worried about their credit scores. If you want to learn more about credit scores, we have resources that can help.

Credit Scores: Everything You Need to Know
Here's Why Nobody Cares About Your Perfect Credit Score
7 Ways to Get Your FICO Credit Score for Free
A New Way to Get Your Credit Score for Free — Straight From FICO
5 Reasons Dave Ramsey Is Wrong About Credit Scores
How to Protect Your Kids' Credit
What Employers Really See When They Run a Credit Check

Boost your credit score and get more for your money

If you're hoping to boost your credit score, we can help you improve your history and so you have access to more financial services at better prices.

5 Little-Known Tactics To Raise Your Credit Score
Bad or No Credit Score? CreditStrong Can Help
7 Surprising Things That Damage Your Credit Score
Can Carrying a Small Credit Card Balance Help Your Credit Score?
This Type of Debt No Longer Can Harm Your Credit Score
7 Bonehead-Simple Ways to Turbocharge Your Credit Score
What Is a Secured Credit Card and How Can It Boost Credit?
How I Got a Perfect Credit Score in 4 Steps
No Credit Score? These Banks Might Help You Get Plastic
Credit Limit Lowered? 4 Things You Can Do Right Now to Fix It

Meet this week's guest, Michelle Lambright Black

Michelle is a credit expert, freelance writer, and founder of CreditWriter.com. She has over 20 years of experience writing and speaking about credit and money, and focuses on helping families and small business owners make smart, informed decisions about their credit, money, and financial products.

Michelle's work has appeared in publications such as Reader's Digest, Parents, Experian, FICO, Forbes, Money, Bankrate, Seattle Times, MarketWatch, BuySide from Wall Street Journal, USA Today, and more. She is a two-time finalist for the best personal finance freelancer award from the Plutus Foundation. When she isn't writing or speaking about credit and money, Michelle loves to travel with her family or read a good book.

Website
Twitter
LinkedIn

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcastshereor download them to your phone from any number of places, includingApple,Spotify,RadioPublic,StitcherandRSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

5 Tips to Reduce Your Retirement Anxiety

32m · Published 30 Aug 14:07

In this episode, we're talking about dealing with retirement anxiety.

According to a recent Gallup survey, 60% of people approaching retirement think they're not going to have enough money, even when they probably do.

Who wouldn't feel anxious? What if Social Security goes away? What about inflation, rising rates, falling stocks, recessions and ballooning health care costs? Anything could turn your dream retirement into a nightmare.

So today we're going to talk about dealing with the fear of not having enough. Because even if you can't increase your money, you can always increase your confidence.

HostStacy Johnsonis joined by financial journalistMiranda Marquit. Listening in and sometimes contributing is producerAaron Freeman. Today, friend of the show Pam Krueger from Wealthramp joins us to help you learn how to manage your anxiety ahead of retirement.

Remember, our podcasts don't offer financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

You can download the episode wherever you get your podcasts:

Listen onApple Podcasts
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Listen onSpotify

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What are your retirement challenges?

We all have worries about retirement. We talk about them in the show, but it's also good to know that you're not alone. We have great resources on the website that can help you see where you stand—and what you can do to make the most of your retirement dollars.

The Average Balance in 3 Types of Retirement Accounts in 2023
The Average Retirement Income in 2023
Americans Say This Is Their New, Post-Pandemic Retirement Age
How to Decide When to Retire
Are You Too Optimistic or Pessimistic With Your Financial Plans?
8 Mistakes That Can Sabotage Your Retirement
6 Signs You Aren't Ready for Retirement and How to Get Ready
7 Unexpected Perks of Delaying Retirement
10 Retirement Prep Steps Giving People the Most Grief
6 Big Obstacles to Having a Comfortable Retirement
9 Signs Your Retirement Is on Track
The Top 8 Reasons Why People Work in Retirement

Planning for a comfortable retirement

Many people are worried they won't be able to afford retirement. If you start planning, though, you can build the wealth you need to retire comfortably. Here are some of our best resources for preparing for retirement, including ideas for how to live your best life:

Rethink Retirement: 12 Facts and Fictions Worth Understanding for a Better Future

Why Index Fund Investing Is Good for Your Retirement
5 Fast Ways to Turbocharge Your Retirement Savings
Retirement, Real Estate and I Bonds: We Answer Your Questions
6 Ways to Make Extra Money in Retirement
Health Savings Accounts and Why They Are Great for Retirement
6 Things You Should Know Before Buying a Home in Retirement
9 Steps for Creating Your Own Retirement Community
6 Medicare Mistakes To Avoid for a Healthy Retirement
8 Key Steps To Planning for Retirement as a Couple
17 Powerful Tips for Retiring Alone
Rethink Retirement: 12 Facts and Fictions Worth Understanding for a Better Future
What Does a Bull Market Mean for Retirement Investing?
20 of the Best Part-Time Jobs for Retirees
The Lockbox Strategy and Other Retirement Income Tips

Meet this week's guest, Pam Krueger

Pam Krueger is a recognized investor advocate and award-winning personal finance journalist and author. She is the founder and CEO of Wealthramp, an advisor matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisors. It is the only advisor referral service that gives people full control over when and how they talk to their referred advisors.

Pam is also the creator & co-host of MoneyTrack and Friends Talk Money podcast, now in its 7th season. MoneyTrack aired on 250+ public stations on PBS from 2005-2019 and was funded by the Investor Protection Trust.

With more than 25 years in investor advocacy, Pam is one of the leading voices on financial literacy and financial empowerment. She's been the recipient of two Gracie Awards for educating the public about personal investing and received the 2021 NAPFA Special Achievement Award for her work educating individuals about the value of fee-only financial advice.

Wealthramp
Podcast: MoneyTrack
Podcast: Friends Talk Money
Twitter
LinkedIn

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcastshereor download them to your phone from any number of places, includingApple,Spotify,RadioPublic,StitcherandRSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

Retirement, Real Estate and I-Bonds: We answer your questions

46m · Published 23 Aug 16:00

Today’s podcast is a replay of a popular show we did a few months back. So if you didn’t hear it the first time, or want to hear it again, now’s your chance. Thanks for listening to Money Talks News…the podcast!

Stacy's been offering money guidance for 41 years: 10 as a financial adviser and 31 as a personal finance reporter. Miranda's been writing and podcasting about money since 2005. But they still learn more every day.

We hope you want to learn new things, too! And that's why we periodically answer your questions: the ones you send to us at [email protected].

Today, we've got some great questions on topics like retirement and annuities, I bonds, real estate and the best time to buy a TV.

As usual, hostStacy Johnsonis joined by financial journalistMiranda Marquit. Listening in and sometimes contributing is producerAaron Freeman.

Before we start, remember this isn't financial advice. We can only make observations and share what we might do. So make sure to do your own research and take responsibility for your own money.

You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:

Listen onApple Podcasts
Listen onGoogle Podcasts
Listen onSpotify

We tackle the following questions about retirement:

Arben: Do you recommend fixed index annuities as an option along with other forms of investing, like SEP IRA, 401(k), traditional IRA?
Elizabeth: What are some tax-efficient ways to spend IRA accounts once retired? How about real estate, especially in highly inflated areas like California? Is it worth taking out IRA funds to buy a house in a higher-cost area at this time?
Joseph: My question is about RMDs. Is the required distribution age 72 or is it now 73? I turned 72 in Sept 2022. I keep reading that the new age now is 73. Can you confirm this?

If you want more reading about retirement, we have some great articles and podcast episodes on various retirement topics:

The Annuity Everyone Needs — and Anybody Can Get
Should You Buy an Annuity? The Pros and Cons
Is a Bond Ladder Strategy Right for Your Retirement?
Want Reliable Retirement Income? Use This Safer Strategy
Is Now the Time for a Roth Conversion?
6 Strategies to Manage Required Minimum Distributions
5 Fast Ways to Turbocharge Your Retirement Savings
3 Things You Should Do – and Not Do – to Prepare for Your Retirement
RMD and Inherited IRA Rules: What Beneficiaries Need to Know (Prudential)

Questions about I bonds and inflation

With Series I savings bonds paying much higher yields than they have in years because the yield is tied to inflation, it's no surprise people are interested in them. We also had a question about inflation and how to save money during this time.

Margaret: Where does one purchase I bonds?
Jerry: Can you purchase two I bonds, one for the husband and one for the wife?
Heather: As inflation increases and our pay remains the same, how does one continue to eat well and manage a home with all the rising costs in grocery and retail stores? Any ideas for average folks to live well while our money is not going as far?

Not only do we answer questions about I bonds, but we have plenty of resources on how to use them in your own strategy and how to tackle inflation in your own life.

7 Things You Should Know Before Investing in I Bonds
Is a Bond Ladder Strategy Right for Your Retirement?
5 Tips to Protect Your Savings from Inflation
How to Invest When Both Stocks and Bonds Are Falling
5 Ways Inflation Could Make You Richer in the Long Run
Can Treasury Securities Protect You From Inflation?
When Inflation Meets Stagnation and What to Do About It
10 Sure-Fire Ways to Beat Inflation
Stocks Are Tanking: What You Need to Know Now

Other questions: buying a TV, spender vs. saver, where to keep cash and more

We answer questions about the best time to buy a TV (maybe it's not Black Friday), what happens if you marry a spender but are a saver, where you should keep your cash and what happens to your mortgage when the company gets bought out.

Sharli: My mortgage company has been bought out by a bigger company. I'm a 78-year-old widow and am concerned that they will charge me more. Can the company make changes to my original mortgage and force me to pay more each month? I'm already squeezed to the max and want to be able to keep my home.
El four: I often hear Stacy say to keep money in cash. I don't know what that means. I know you don't mean to sock it away in a sock drawer, but do you mean it should be in some type of precious metals ETF, a low-interest money market account, or what? I have money in a brokerage "settlement" account that I guess earns more than at my bank (0.06%), but is that the best place to put "cash" right now? Thanks.
Frustrated Wife: So, my husband refuses to save any of his money. He is 71 years old, is retired and has high blood pressure, diabetes and fibromyalgia. He is currently living off of his Social Security with no other savings and believes that his money is to be spent to enjoy life and not to have to save it. I am 71 years old as well and work full time. I've run out of reasons to give him as to why he should be saving his money as he grows older. Are there any suggestions you can give me to help him understand the importance of saving money?
Jeff: I appreciate the info you provide daily. Any idea when the best time to buy a TVis? I've heard before the Super Bowl is a good time for sales. Thoughts?

For more information and ideas on handling mortgages, saving money and dealing with partner money issues, check out the following resources:

7 Banks Now Paying 3.5% or More on Savings
13 Unusual but Effective Ways to Save on Groceries
The Ultimate Guide on How to Save $10,000 in a Year
13 Other Retailers With ‘Prime Day' Sales
15 Things You Should Always Buy at Yard Sales
Paying Off Mortgages, Estate Planning and More: We Answer YOUR Questions
Should You Pay Off Your Mortgage Early? Here's How
This Is the No. 1 Money Worry of Couples of All Ages
Couples & Cash: How to Stop Fighting About Money
6 Money Moves That Couples Should Make in 2022
6 Bank Accounts With Extra Perks for Older Customers
7 Ways You May Be Sabotaging Your Bank Accounts

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcastshereor download them to your phone from any number of places, includingApple,Spotify,RadioPublic,StitcherandRSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Become a member: https://www.moneytalksnews.com/members/

See omnystudio.com/listener for privacy information.

How to Leave a Financial Legacy of Generational Wealth

30m · Published 16 Aug 09:00

In this episode, we're talking about growing generational wealth: in other words, leaving money to your heirs.

According to the Census Bureau, baby boomers are nearly 9 times wealthier than their kids, the millennials. Which means as baby boomers, like me, die off, there's going to be one of the biggest wealth transfers in history.

Want to create the kind of wealth you can pass down to the next generation—and maybe the generation after that? Then you're in the right place. Because today we're all about legacy-building.

Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Kevin Matthews, a former investment advisor and the author of Starting Point: How To Create Wealth That Lasts.

Remember, this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.

You can download the episode wherever you get your podcasts:

Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Spotify

Don't Miss

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How to build generational wealth

You can't pass on a financial legacy if you don't have your own wealth. If you're hoping to build wealth, we have your resources. We have a lot on investing, which is among the best ways to build wealth. Once you establish yourself, you can build generational wealth that acts as a financial legacy for those who come after you.

14 Simple Strategies for Building Long-Term Wealth
Compound Interest and Saving: Secrets to Building Real Wealth
16 Ways to Outsmart Your Brain for More Wealth and a Better Retirement
How Net Worth Tracking Makes You Wealthier
11 Secret Ways Americans Build Wealth
Saving Is Not Enough: Why You Need to Invest
Investing in Gold and Gold IRAs: 5 Things You Need to Know
Your Guide to Alternative Investments
What Is Socially Responsible Investing?
7 Things You Should Know Before Investing in I Bonds
How to Invest When Both Stocks and Bonds Are Falling
7 of the Best Ways to Invest That Don't Involve Stocks

Teach your kids about money

It's not just about boosting your kids' credit scores and protecting them from identity theft. You also need to give them a head start on managing their finances in a healthy way. Here are some resources we provide that can help you with your kids' needs, including how you can save money while you raise your children.

What Type of Investment Account Is Best for My Kids?
How to Protect Your Kids' Credit
5 Tips for Helping Your Kids Become Financial Grownups
8 Tips on How to Help Your Grandchildren Financially
How ‘Mean Moms' Teach Their Kids About Money
How to Teach Your Kids About Budgets
5 Best Ways to Save Money for Kids
8 Money Lessons You Must Teach Your Grandchildren
6 Ways to Help Adult Children Without Going Broke

Meet this week's guest, Kevin L. Matthews II

Kevin L. Matthews II is a Plutus Award winner and number one bestselling author. He has helped hundreds of individuals plan for their retirement in addition to managing more than $140 million in assets during his advisory career. By 2017, he was named one of the Top 100 Most Influential Financial Advisors by Investopedia.

Kevin launched BuildingBread in 2010 to inspire millennials to set, simplify and achieve any financial goal. Kevin regularly speaks to young adults across the country and has been featured in several media publications and productions including The Wall Street Journal, The New York Times, Forbes, Black Enterprise, CNBC, and many others.

Kevin holds a bachelor's degree in Economics from Hampton University, a certificate in financial planning from Northwestern University and a certificate in disruptive strategy from Harvard Business School. In 2020, he graduated from the University of Texas at Austin's McCombs School of Business with a Master's in Technology Commercialization (MSTC).

Website
Twitter
Facebook
Instagram
YouTube

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Money Talks News: The Podcast

Episodes

FOMO, Fraud, and Financial Ruin: Lessons from the Crypto Craze

Mind Over Money: How Thoughts Create Wealth

5 Simple Tips To Make Money With Stocks - MTN Rewind

Got Parent PLUS Loans? Prepare for the Coming Cliff

Listening to Money Morons: Dave Ramsey

Medicare Enrollment Is Coming: 5 Things You Need to Know

How to Raise Your Credit Score Without Getting Ripped Off

5 Tips to Reduce Your Retirement Anxiety

Retirement, Real Estate and I-Bonds: We answer your questions

How to Leave a Financial Legacy of Generational Wealth

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