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Real Personal Finance
by Scott Frank and James ConoleYour REAL personal finance questions answered by CERTIFIED FINANCIAL PLANNER™ professionals, Scott Frank and James Conole. With all of the misinformation and jargon in the financial industry, it's no wonder most people are confused about how to best manage their money. James and Scott are here to give clear answers to the important questions they hear most often. If you're ready to use your finances to create a more secure financial future, this show is for you.
Copyright: © 2023 Real Personal Finance
Episodes
161 - How to Invest During a Bear Market
20m · PublishedScott and James discuss how to invest during a bear market.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
3:27 - What To Do As Investors Now
6:52 - Prices Are Reflected Today
11:03 - Averages Are In Your Favor
14:27 - Recovery Statistics
17:06 - Relatively "Normal"
17:44 - Aligning Your Financial Goals With Your Life
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Scott
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160 - How to Retire Early
19m · PublishedScott and James discuss how to retire early.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
2:05 - FIRE Movement
5:05 - Non-Traditional Retirement
7:25 - Social Security
10:09 - Additional Considerations
11:25 - Military Considerations
13:40 - Gap Fund
15:50 - What Will You Really Enjoy?
17:44 - Aligning Your Financial Goals With Your Life
LET'S CONNECT!
James
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Scott
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Leave us a review on iTunes.
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159 - How Much Company Stock Ownership Is Too Much?
19m · PublishedScott and James discuss how much company stock ownership is too much.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Listener Question:
I'm a manager at a blue chip company and they offer up to 20% of their stock in your 401K.
Right now I have 8% of my 401K invested in company stock with the rest in target date funds. I'm wondering your thoughts on if 8% is too much or too little. I have another IRA with good mutual funds and a personal brokerage account where I pick my own stocks. Just wanted to add that in so you didn't think that this 401K is my only savings for retirement.
Timestamps:
4:28 - Rules of Thumb
9:32 - Casting A Wide Net
13:47 - Risk v. Return
17:12 - Company Stock Summary
18:44 - Aligning Your Financial Goals With Your Life
LET'S CONNECT!
James
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Scott
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Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
158 - Where To Invest Cash Earmarked for a Down Payment?
17m · PublishedScott and James discuss where to invest cash earmarked for a down payment.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Listener Question:
My wife and I have money (in cash, ~ $150k) earmarked for a down payment on a home. There is no real urgency to buy a home other than setting down roots as our family grows as our current rental meets our needs. However, with the housing market still red hot and interest rates increasing; we're contemplating waiting until the housing market/inflation rates cool a little bit. If we decide to wait, say 1-2 years, is there something we can do with the $150k to better work for us other than have it sit in cash? Conversely, if we plan to stay in the new home we purchase for 10+ years, does the higher house cost/higher inflation rates really matter if we have the money set aside right now? I guess some of this boils down to the old "rent vs. own". (additional context - we have a separate emergency fund established, we both max out our 401ks and invest monthly in an index fund brokerage account and 529 plan)
Timestamps:
3:00 - Where To Put Cash
5:36 - Mortgage Rates
9:45 - Return On Hassle
12:47 - Volatility
15:19 - Overview Of What's In Your Control
17:05 - Alignment In Your Financial Goals
LET'S CONNECT!
James
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Scott
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ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
157 - How to Best Mitigate Risk in Your Investment Strategy
20m · PublishedScott and James discuss how to best mitigate risk in your investment strategy.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Listener Question:
I'm really enjoying your podcast and generally agree with your advice. I'm 37 and a personal investor who is focused on long term investments for retirement. I have generally leveraged a higher risk strategy based on my age with index funds. My question is about the make up of the S&P 500 and specifically I’m concerned that the majority of the top stocks a large tech firms. It seems possible that we have seen the peek of these firms similar to the dot com bubble, so I’m rethinking continuing to invest due to this risk of collapse. Can you help me understand how to manage that risk?
Timestamps:
3:27 - What Is An Index?
7:05 - Why We Invest
11:22- Importance of Diversification
14:15 - How Do You Enjoy Investing?
16:59 - Market Capitalization
19:25 - Aligning Your Financial Goals
LET'S CONNECT!
James
Facebook LinkedIn Website
Scott
Facebook Twitter Website
ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
156 - Benefits of Health Savings Accounts and How to Maximize Their Impact
19m · PublishedScott and James discuss the benefits of Health Savings Accounts and how to maximize their impact.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Listener Question:
My question is around HSA's. Am I really missing out by not investing in this? I understand the power of tax advantage accounts, but to me having all that money that can only be used for specific things feels very limiting. Plus all the extra work of needing to track these expenses, etc.
Is that trade off really worth it, or am I fine if I'm maxing out IRA's (no 401k atm) and adding to taxable accounts.
Timestamps:
2:26- HSA Overview
5:16 - Tax Benefits
9:36 - HSA or FSA
12:54 - Expense Tracking
15:54- Required Distributions
18:30 - Aligning Your Financial Goals
LET'S CONNECT!
James
Facebook LinkedIn Website
Scott
Facebook Twitter Website
ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
155 - Should I Use an Adjustable Rate Mortgage (ARM)
14m · PublishedScott and James discuss if you should use an adjustable rate mortgage (ARM)?
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
1:10 - Mortgage Rate Options
4:17 - Mortgage Risk
6:38 - Payment Differences
10:27 - Additional Options
11:23 - Don't Push Debt Forward
13:45 - Aligning Your Financial Goals
LET'S CONNECT!
James
Facebook LinkedIn Website
Scott
Facebook Twitter Website
ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
154 - How Can I Reduce Taxes on Side Hustle Income?
16m · PublishedScott and James discuss how you can reduce taxes on side hustle income.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
1:10 - Listener Question
3:25 - Taxes
5:50 - Retirement Contributions
7:43 - Retirement Contribution Maximums
9:14 - Solo 401(k) v. SEP IRA
11:35 - Can My Spouse Contribute?
14:27 - Target Income & Timeframe
16:11 - Aligning Your Financial Goals
LET'S CONNECT!
James
Facebook LinkedIn Website
Scott
Facebook Twitter Website
ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
153 - What Planning Points Should You Consider During a Recession?
20m · PublishedScott and James discuss what planning points to consider during a recession.
Planning Points Discussed
- Utilizing Time Efficiently
- Capital Appreciation
- Purchasing Power
- Other issues (IRAs, Inflation, Financial Goals, etc.)
Timestamps:
1:10 - What Can We Control
3:25 - Cash Flow
8:12 - Unemployment
10:13 - How To Withdraw in Retirement
14:42 - Roth Conversion
16:51 - Loss Carryover
19:33 - Aligning Your Financial Goals
LET'S CONNECT!
James
Facebook LinkedIn Website
Scott
Facebook Twitter Website
ENJOY THE SHOW?
Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play.
Leave us a review on iTunes.
Have a money question you want us to answer? Submit one here
Real Personal Finance has 216 episodes in total of non- explicit content. Total playtime is 78:49:48. The language of the podcast is English. This podcast has been added on October 26th 2022. It might contain more episodes than the ones shown here. It was last updated on March 2nd, 2024 19:10.
