The Dough Roller Money Podcast

Dave Ramsey may have helped you climb out of debt, but should you now follow his investing advice? His views on investing have come under fire lately. From his claim that stocks return 12% annually to his love of growth mutual funds, professional advisors have not been shy about their criticism. (Save Like Dave Ramsey. […] The post DR 069: Are Dave Ramsey’s Investing ELPs Good for Your Wealth? appeared first on The Dough Roller.

How can the numbers 50, 20, and 30 help you manage your finances? Today, we’re going to talk about the 50-20-30 rule of budgeting. A company called LearnVest popularized this rule of budgeting recently, but it’s been around long before them. I’ve seen many financial experts write about it, as well. The bottom line is […] The post Is the 50-20-30 Budget a Good Rule of Thumb? appeared first on The Dough Roller.

We’ve been getting lots of reader questions recently on student loans – what to do with them, how to pay them off, and whether or not to consolidate them. Luckily, I was recently contacted by a relatively new company, SoFi. This company specializes in consolidating and refinancing student loans, and it could offer a great […] The post DR 066: How to Refinance Your Student Loans – Interview with Dan Macklin of SoFi appeared first on The Dough Roller.

What happens to your Facebook account if you die? And would your relatives be able to access your online bank accounts, should the worst happen? What tools can you use to manage all the login credentials for these online accounts so that you can easily get them to the right people at the right time? […] The post DR 065: How to Pass Your Digital Assets to Your Loved Ones When You Die appeared first on The Dough Roller.

What can we learn from a man who has blogged about personal finances for over 8 years? Quite a lot as it turns out. JD Roth has much to say on how to make better financial choices, and about what personal development has to do with personal finance. Topics Covered in the Interview How JD […] The post DR 064: How to Manage Your Money Like a CFO–Interview with JD Roth appeared first on The Dough Roller.

I recently read an article by John Bogle, the founder of Vanguard. The article, The Arithmetic of “All-In” Investment Expenses, is a very detailed piece about investing costs over and above what’s reflected in the expense ratio of a fund or ETF. There are four “hidden” mutual fund fees that aren’t captured in the expense […] The post DR 063: The Four Hidden Fees of Mutual Funds (This Could Save You 33%!) appeared first on The Dough Roller.

I‘ve received several emails recently about the topic of hiring an investment advisor. This is a very important question, and I suspect many wrestleg with this issue. Whether you’re just starting out and trying to figure out how to invest, or you’re nearing retirement with a decent nest egg, you may be thinking about this […] The post DR 062: 3 Questions to Ask Before You Hire a Financial Advisor appeared first on The Dough Roller.

Why does the excitement of a pay raise wear off in just a few months? Why does the “shine” of your new gadget or gorgeous new home wear off so quickly? The answer is hedonic adaptation. Some people also call it the hedonic treadmill. It sounds philosophical, but it’s really relevant to how we make […] The post DR 061: 6 Ways to Harness the Power of Hedonic Adaptation appeared first on The Dough Roller.

What are dividends, buybacks, and stock splits? Are they good or bad for investors. These things have a big impact on investors, but many investors don’t really understand them. So we’re going to talk about what these three things are in the context of a popular, well-known company – Apple. Recently, Apple announced its second […] The post DR 060: The Basics of Dividends, Stock Splits, and Buybacks appeared first on The Dough Roller.

Is renting or buying a home better? How do you determine which is right for you? Is there a basic rule of thumb you can use to make this decision? A reader named Joe recently wrote in asking if it’s better for him to rent or buy. This is a timely question, and it’s one […] The post DR 059: Should You Rent a Home or Buy One? appeared first on The Dough Roller.

A reader named Aaron sent me an email recently asking about gold and silver. He wanted to know if they should be a part of a diversified portfolio. He writes: Hi, Rob. I enjoy reading your tips, and I’ve put a lot of them in place for our retirement savings. My question is: what is […] The post DR 058: 6 Reasons Gold is a Terrible Investment appeared first on The Dough Roller.

In the most recent State of the Union Address, President Obama unveiled the myRA – My Retirement Account. Another retirement savings option? Yes. In addition to 401k, 403b, IRA, Roth IRA and a host of other types of retirement accounts, later this year we can add the myRA to the list. In this article we’ll […] The post DR 057: 9 Things to Know About the myRA appeared first on The Dough Roller.

How can you budget like a Zen master without tracking every dime you spend? How do you budget for those oddball expenses that pop up from time to time? As someone who goes in budgeting spurts, I’ve learned the hard way how to make our budget work. Recently, this has been at the forefront of […] The post 7 Ways to Budget Like a Zen Master appeared first on The Dough Roller.

A great success story can be very motivating. And that’s exactly what Beverly Harzog brings us in today’s podcast. Beverly describes how she sunk into $20,000 of credit card debt, maxing out all seven of her cards. But her story doesn’t stop there. She then shares with us how she climbed out of the debt […] The post DR 055: Beverly Harzog: How She Paid Off $20,000 of Credit Card Debt in 2 Years appeared first on The Dough Roller.

A number of new ways to make investing easier have launched over the past few years. One is Motif Investing, which I reviewed some time ago. It’s a fascinating way to approach investing, combining low costs and tremendous flexibility. It such a unique option that I invited Motif’s Vice President of Investment Products, Tuhin Ghosh, […] The post DR 054: Motif Investing: Interview with Tuhin Ghosh, Vice President of Investment Products appeared first on The Dough Roller.

Recently, a reader named John wrote in asking about leasing vs. buying a car. Here is John’s question: I was wondering what your input is in regard to buying vehicles? For example, I’m in the process right now of selling a vehicle for a good buck. Would you suggest reinvesting this money in a used […] The post DR 053: Should You Lease or Buy a Car? appeared first on The Dough Roller.

In the last podcast, we talked about why rebalancing your investment portfolio is important and how to create a rebalancing plan. Today we are going to walk through step-by-step how to actually rebalance your retirement and other investments. As we discussed in the last podcast, you can rebalance your assets based on frequency, threshold, or […] The post DR 052: A Step-by-Step Guide to Rebalancing Your Investments appeared first on The Dough Roller.

Rebalancing your investment portfolio is an important part of managing your money. Having carefully selected your asset allocation, rebalancing ensures that your investments stay in line with the allocation you’ve chosen. In this article (and podcast) we cover creating a rebalancing plan. We’ll cover topics such as how often to rebalance (frequency) and what to […] The post DR 051: Rebalancing–How to Create a Plan to Easily Rebalance Your Investments appeared first on The Dough Roller.

Are you ready to retire? Have you done all of the things you should have in the few years leading up to retirement? These are the questions our guest today has answered in her comprehensive book on retirement readiness, The Five Years Before You Retire. I had the pleasure of interviewing author Emily Birken to […] The post DR 050: How to Prepare as You Near Retirement [Interview with Author Emily Birken] appeared first on The Dough Roller.

In the 31-Day Money Challenge, we covered the basics of asset allocation. Today we are going to focus more specifically on how much to invest in stocks and how much in bonds. The stock/bond allocation is the most important piece of asset allocation. The question of stocks vs. bonds is much more important than the […] The post DR 049: How Much of Your Retirement Nest Egg Should You Invest in Stocks? appeared first on The Dough Roller.