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

Learn why billionaires are all around you, how they invest and what they look for when investing. Get an inside view of the ultra wealthy, what's myth and what's reality? Get the Single Family Office book by Richard C. Wilson.   Have you heard? I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197)                                                            OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If

Learn what the next step to wealth may be for you. Good evening Linda! I really appreciate your podcast as well as the giving of your time! I listen to it on the way home from teaching school and the podcasts that I miss, I listen to on the weekend. Sometimes I listen to your podcast more than once with my headphones on sitting at my desk during lunch.  I make 41k a year. I have been training my mindset for 3-4 years. I want to get out of teaching and create wealth but I don't know where to start. I journal daily and I have a positive mind set. I basically want to have my own business and create wealth and financial freedom. As you know teaching school does not do that and it takes up 10 to 12 hours a day. Ugh! The only thing I can think of is maybe a business like painting and decorating. I do not have a degree or education in it but I like doing this. Do you have other ideas? Any suggestions will help. Thank you,  Nancy Thank you Nancy (name changed to protect identity)! I'm so glad you found the podcast. A

Learn how tech stocks get ahead of themselves sometimes and how not to get burned. Stocks got ahead of themselves in the year 2000 and it took 17 years to get back to where they were! Bubbles can create unreasonable valuations that are very extended because investors invest by betting on their success in the future and ignoring the outrageous valuations of today. Just like today we have FAANG stocks, in 2000 - the "Four Horsemen of the Internet" - Intel, Microsoft, Dell, and Cisco Systems. Back in the year 2000, what drove them is the "Y2K" scare, only people didn't realize it. They thought is was the "New Economy". It was about "eyeballs" and "bricks and clicks", not earnings and profits. This can happen for an extended period. Investors get caught up in the next "new thing". They forget it has to make money! Earnings growth is what drives stock prices! Investors buy stocks in anticipation of future earnings growth, but it can get out of hand. In this case, it was 17 years ahead of itself! Back in 2000, it s

Learn why it pays to make investing one of your hobbies. Thomas J. Stanley, author of the classic book, The Millionaire Next Door, said: "On average, millionaires spend significantly more hours per month studying and planning their future investment decisions, as well as managing their current investments, than high-income nonmillionaires." It's true. When I hang out with my multi-millionaire friends, some of our time is spent talking about investing - stocks, real estate, the economy, etc. We love to share success stories about ourselves and our friends or things we've read about what's working ie. "this friend of a friend started selling widgets on Amazon and made $20 million" or "this girl started a jeans/makeup/tshirt line because of her Instagram following and made $2 million" or "I heard one of the early investors in Bitcoin now has $100 million in his investment." The conversation is always about possibilities and success stories, so we encourage each other with what's possible. Other friends I have

Learn 17 potential places to invest a small amount of money. It's listener question day! Here is our question: Linda, I only have a small amount to invest, about $300 to $500. Where should I start? Sam There are many options you have. Since I don't know anything about your circumstances, I'm going to give you a list of choices. Assuming all your consumer debt is paid off. If not, start there to get back to stability.   1. Start an emergency fund. Keep it in a separate (no-fee) checking or savings account, if possible. 2. Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) are both great ways to reduce your income taxes by paying for medically-related expenses with pre-tax money — that is, money deducted from your paycheck before income taxes are calculated on your pay. You put money into that you use to pay for certain out-of-pocket health care costs. This means you'll save an amount equal to the taxes you would have paid on the money you set aside. 3. Pay 1/12 extra on your mortgage to pay it

Learn the 3 things you shouldn't change to get rich and stay rich. "Same house, same spouse, same car."  - Thomas J. Stanley, author of The Millionaire Next Door I just talked about 2 of the 3 things on podcast #290. If you haven't listened to it, I go into depth about why people are watching the small expenditures and missing the huge ones that keep you from achieving financial independence. I'm having a summer giveaway through the end of September 2017...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197)                                  OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.

Learn how much money you have to save each month to retire by age 40. Article on CNBC.com by Kathleen Elkins. The numbers may discourage you, but I'll show you why it doesn't have to get you down. It's not as hard as you think. The article assumes a straight line. I don't know about you, but I started out making a pittance in my 20's and over a hundred thousand dollars a year in my 30's and 40's. The amount of savings should dramatically increase. Some people talk about skimping their way to retirement at 40. There's a trend to live in a house the size of a shed, ride a bike and don't own a car and not to eat out or entertain. That's not my style and it might not be yours either. You can retire early while still enjoying life and having creature comforts but it means you have to invest well and compound at a high (8 to 12% rate). A good idea to make investing your hobby. Whether you are flipping houses on the side or investing in stocks or starting an online business, you're going to have to get to higher lev

Learn why it's the big mistakes that keep you from financial success, not the small ones. Here's another article about giving up coffee or cigarettes and how it will make you rich. Business Insider: "Why your daily coffee is stopping you from becoming a millionaire." There are sayings like, "Watch your pennies and the dollars will take care of themselves." "A penny saved is a penny earned." Just give up lattes and invest that money instead…and eventually you'll become a millionaire. "The Latte Factor" was invented by author David Bach, whom I really respect. I believe it was a demonstration of compounding more than selling the idea of skipping coffee. Over a long enough time, compounding even a small amount will grow into millions. What the purchasing power will be is another question. I disagree with this frugal focus. It's not the small stuff that gets ya, it's the BIG mistakes. Moving costs/interest/commissions/remodeling costs from moving often will cost you a lot more than a few dollars. Buying cars ever

Learn why what has happened to you in the past is important to your present self. I'm traveling and visiting with friends who have mentioned money stories from their past, without any consciousness about how it is connected to their present. One mentioned money was so important to her Mom that she wouldn't give her garage sale items. She had to buy them from Mom. She ended up buying back a gift she gave to her dad and her brother wanted it so she gave it to him. She paid for it twice and didn't get what she wanted. Although she is affluent, she sees herself as "poor" and without discretionary income, though her closets and house are jammed with things. She mentions she "wishes" she could retire, but resists being responsible with money due to her underlying pain. Another owns 3 homes and carries no cash, so she always is "broke". Her father had his own business and it was very up and down, so he put tight reigns on the money. They are real estate rich but cash poor due to 2 kids in college and lots of expense

Learn the one habit that helped Tom's shoe founder get rich and how it can help you too. Find the article on my website at http://lindapjones.com, podcast 288. My Wealth Journal is available on Amazon.com. There is a live link on my website at http://lindapjones.com, podcast 288. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.    

Learn the world's 13 best cities for renters based on percentage of income to pay rent. Really interesting article from CNBC's, Kathleen Elkins. Selected this article for you because I realized it hits a lot of different possibilities. Maybe you're a young person who wants to travel the world or you're a retiree wondering how to make your money go farther. Perhaps you love to travel, can work from anywhere and are thinking of what city to have as a hub for a while. Typically the deals are in the emerging market countries, known as BRICS. Article is posted on my website at http://lindapjones.com, podcast 287. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn how much money Americans think it takes to be considered wealthy. From CNBC.com, Kathleen Elkins: According to a Schwab survey on wealth, Americans say it takes an average of $2.4 million to be considered "wealthy." As for how much it takes to be "financially comfortable," survey respondents say it's an average of $1.1 million. By that standard, less than 10 percent of American households qualify as "comfortable," since less than 10 percent have over a million dollars. Americans are split on their definitions of wealth, with some describing wealth as a specific sum of money and others describing it more as a state of mind. When asked to define wealth, the top five sentiments among 1,000 Americans are: 1. Having a lot of money (27 percent) 2. Enjoying life's experiences (24 percent) 3. Being able to afford anything they want (22 percent) 4. Living stress-free and having peace of mind (19 percent) 5. Having loving relationships with family and friends (12 percent) However, when asked to compare two oppos

Learn what listeners have to say about the podcast. Thank you for 800,000 downloads! When I started the podcast, I really had no idea how it would do. I can't be more pleased that we've found a great following of the most amazing listeners. I appreciate each and every one of you for listening and loving the show. It's for you and I'm loving that we are listened to in over 171 countries. Thank you!!! I'd like to say a special thank you to people who have written reviews of the show. It means a lot to me and I love to get to know you by hearing your thoughts. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn the most common financial mistakes women make and how to solve them. Great for men too! Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn why you need a will and what to do if you might be inheriting money from parents. The article is posted on my website at http://lindapjones.com, podcast 283. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect on social media on Twitter and IG @Lindapjones and FB @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn how to analyze a stock like SNAP. Today is listener question Friday! Here is today's question: Linda, I see SNAP went back to its IPO price. Do you recommend buying it? Nancy Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect on social media at Twitter and Instagram @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn how an 18 year old became a millionaire in Bitcoin. The article is posted on my website at http://lindapjones.com, podcast 281. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect on social media on Twitter and Instagram @Lindapjones and @ lindapjonesfanpage on Facebook. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn whether wine collecting or classic cars have been a better investment. Article is posted on my website at http://lindapjones.com, podcast 280. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect on social media at Lindapjones and lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn my favorite millionaire mindset books and how to find more resources. It's listener question Friday! Here's the email I received from Mandy: Hi Linda! I just want to thank you for talking more about mindset on your podcast lately. After my spouse and I listened to all the audio books on mindset from Think and Growth Rich to Secrets of Millionaire Mind suggested on your website under resources, we noticed something shifted within us. Please recommend more mindset books! We love them! Mandy Check out my resources page at http://lindapjones.com/resources. Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn what billionaire, Kevin Plank, CEO of Under Armour, learned from having less than $2 that helped him become rich. The article is on my website at http://lindapjones.com, podcast 278 Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.