Be Wealthy & Smart | Money | Millionaire | Personal Finance | Invest | Stock Market | Mindset | Entrepreneur | Investing

Learn stock market investing insights and why investing is important to you becoming financially free. Investing in the stock market doesn't have to be difficult. It is very important for you to know how to invest in the stock market in order to achieve financially independence. Here are the reasons why you should know how to invest in the stock market: 1. It's affordable. It has low account minimums: $0, $0 for IRA's, or $500. 2. It has low fees like $5.95 or $6.95 a trade. Low internal fees. For example, SPY has a .09% expense ratio. 3. It is easy to invest. Little knowledge is required to invest like a pro. 4. Long-term performance will average around 10% annually. Everyone needs a money engine. 5. You need to have higher rates to compound to become financially free. Investing in the stock market does entail risk. The stock market drops 20 - 30% every 5 or 6 years. Expect it and plan for it. One way is to invest 1/12th per month and dollar-cost-average into the stock market. I'm excited to celebrate my 400

Learn about entrepreneurship from global CEO branding expert and Firestarter co-author Raoul Davis Jr.    

Learn how to maximize your investments so your 401(k) or retirement plan will accumulate $1 million. About 150,000 people have a 401(k) of $1 million or more in 2017 and 152,000 IRA's have $1 million or more. Here are the steps to take: 1. Start as soon as possible. 2. Invest the maximum or at least get the match. 401(k) & 403 (b) = $18,500 Roth IRA benefits phase out (you can't contribute) if you earn too much money. IRA $5,500 3. If you're over age 50, add the catch up provision. 401(k) $18,500 + 6,000 = $24,500 IRA $5,500 + $1,000 4. Invest in stocks. 10% average annual return. $3,000 per year for 35 years @10% = $978k $8,000 per year for 25 years @ 10% = $952,000 $24,000 per year for 15 years @ 10% = $939,000   5. Don't use target funds. 6. Get comfortable with risk. 7. Stay the course.  

Learn what assets make up your asset allocation and how to decide how much to invest.

Learn what to do to make a dreary job like doing your taxes, fun!   April 17th is Income Tax Day. This podcast will help you get through it with more fun and like a breeze!

Learn why being wealthy is a choice. Recently I saw a tweet. Here's what it said: "You spend $20 a day eating out. That's $600 a month. Add drinks it's $800 a month. In 3 months you can buy a ticket anywhere in the world. You can travel, you're just too lazy to cook." There certainly is truth in it for travel, but also for wealth building. $800 a month is $9600 per year. At 10%, in 10 years that is $193,199. In 20 years it is $669,407. In 30 years it's $1,904,571. Thirty years! Is it all about retirement? No! There's a balance to living today vs. putting aside money for tomorrow. Going back to our original example, what if half was for travel and half for investing? In 10 years, $4800 invested at 10% is $96,599. In 20 years, $334,704. In 30 years, $952,285. What your priorities are is up to you. Which brings me back to my original statement. Wealth is a choice, or rather a series of choices that you make. What are you choosing to spend your money on? Are you being mindful with your spending? Are you investin

Learn 7 ways to use your tax refund and 2 that will build wealth for you. Often people use a tax refund to pay down debt or save money for a large purchase, but there are 2 more things to consider doing with your tax refund that will help you build wealth. Listen to this podcast for 2 more ideas you can use your tax refund for that may be more beneficial to you financially. You may also want to listen to the Be Wealthy & Smart podcast about how saving money can make you rich.

Learn how to delay filing your taxes until October 15th. If you're not ready to file your taxes on April 15th, you can file paperwork to delay. An estimated 14 million people will file extensions in 2018. I do it every year and it's one of the best decisions I make! It feels like such a luxury to not have to file until October. This year the deadline to pay tax is Tuesday, April 17th. That's because the 15th is a Sunday and Monday is the Emancipation Day holiday in WA DC. To be able to file later than April 17th, you have to file the right forms. File IRS Form 4868, Application for Automatic Extension of Time to File US Individual Tax Return. You will have an automatic extension to submit your paperwork until October 15. You can file through a computer, or submit a paper version. You can also have a tax professional submit it using IRS e-file online. Be sure you understand, the money is still due on time! If you don't pay enough tax, you will owe interest and possibly penalties until it's paid in full. Again,

Learn what the next group of tech stocks might be that will outperform the FANG stocks. Here is the article from Marketwatch: https://www.marketwatch.com/story/if-the-faangs-have-got-you-down-its-time-to-win-with-the-wnsss-stocks-2018-03-29

Learn why saving money is so important to wealth building.

Learn why wealth is about making the right choices and avoiding the wrong ones. Just wanted to pause for a moment and ask if you knew Betterment is the largest independent online financial advisor with more than $10 billion in assets under management with more than 300,000 customers? Their service helps to improve long-term returns and lower taxes for retirement planning, building wealth, and other financial goals. Betterment's tax coordinated portfolio can increase a portfolio's value by an estimated 15% over 30 years. Their annual advisory fee is only .25%, with unlimited messaging access to their team of licensed financial experts through a mobile app. Of course, investing involves risk. For listeners of Be Wealthy & Smart, you can get up to 1 year managed free, visit http://www.betterment.com/bewealthy.

Learn the 5 best performing international mutual funds for 10 years.

Learn what mutual funds have outperformed the S & P 500 on a 1, 3, 5, and 10 year basis. According to Investor's Business Daily, these are the top performing mutual funds in the Large Cap category.

Learn what advice I gave to a college student/driver who is eager to be smart with his money. 1. Pay bills on time. 2. Contribute to 401k and get free money. 3. If in between corporate gigs, contribute to an IRA Is it all about retirement? It's much easier the earlier you start. You'll need to set aside less money and be richer if you start earlier because you have compounding on your side. For example, even if you are putting away less now, you'll have twice as much money later if you start 10 years earlier. 4. Pay off credit cards, go on cash basis if you have balances. 5. If you handle credit responsibly, get credit cards with miles for air and hotel. 6. Set spending priorities like travel, car, home, etc. Don't waste money on eating out and bar bills or other things that aren't important to you. Treat money as a tool to get what you want. 7. Save as much as you can. 8. And of course, listen to my podcasts from #1 all the way to this one!   Listen to the Wondery podcast, Safe For Work here: wondery.

Learn what investment books I recommend and also what I recommend before investing, in addition to reading.  

Learn how to use cycles to determine when to be more cautious with investment real estate and protect your wealth. Interest rates indicate a slowing economy.  This podcast talks about how to use interest rates when investing in real estate and how to protect your wealth. 

Learn 3 things to do to stop feeling overwhelmed. Overwhelm can slow us down, keep us from achieving goals and slow down our wealth building. Here are 3 things to do to get out of feeling overwhelmed.

Learn which debt to pay off first and how to decide. This is a listener question about paying off a real estate loan on rental real estate.  I show you how to determine which debt to pay off first and how to think through the rationale.

Learn a true story about how cash on hand saved a family.  

Learn 5 tips for emergency cash management. Yesterday, one of my Be Wealthy & Smart VIP Experience members mentioned that her bank had experienced a DDOS computer attack and that the ATM machines were not working. Here's what she said: Hey Linda! If you weren't aware, a "technical issue" took down almost all of XYZ bank yesterday. More than 24 hours later, they're still only partially back up. Millions of customers (me included) have been unable to access their accounts. Debit and prepaid cards aren't working and paychecks and tax refunds are missing. It's a huge mess...and a big wake up call to many. I'm actually ok. My paycheck hit early Thursday morning before the outage and my debit card seems to be working. I have some groceries and about $300 cash on hand. So I'm actually fine. Not happy, but fine. Any further suggestions on how to prepare for things like this in future? I know you've talked about it, just don't remember where... I have their accounts, plus another account at a completely differen