Be Wealthy & Smart

View Top 200 Chart

Back to Rankings Page

Business
**Be Wealthy & Smart**

Money, personal finance and financial freedom – get your money to work harder for you so you don’t have to work so hard. Linda made $2 million at age 39 and shares actionable knowledge to create wealth in the stock market, real estate, and business. Discover a wealth mentor who shows you a direct path to security, stability and financial freedom. This podcast has a balanced view of how to enjoy life, it is not about frugality. It won’t show you how to save a few dollars, it will show you how to save tens of thousands of dollars. Short episodes get to the point without fluff and give you valuable advice you can put to work immediately. Learn the 6 Steps to Wealth by starting with creating a wealthy mindset. Listen to one podcast and you may find yourself binge-listening to the entire library of knowledge. Be sure to subscribe so you don’t miss an episode.

Latest Episodes:

398: 7 Ways to Get $1 Million in Your 401(k) Plan Apr 16, 2018

Show notes

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.

397: ENCORE: How to Determine Assets for Asset Allocation Apr 13, 2018

Show notes

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

396: ENCORE: 5 Ways to Make Doing Your Taxes Fun Apr 11, 2018

Show notes

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!

395: Wealth is a Choice Apr 09, 2018

Show notes

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 investing anything for the future?

These are questions I've already answered on previous podcasts like the 5 spending priorities, how to begin investing, how much to invest, etc.

I'm asking you because most people are not mindful with what they spend money on.

You can be wealthy.

You can be frivolous.

But you can't be both because wealth takes deliberate action.

Which are you choosing?

394: 7 Things to Do With Your Tax Refund Apr 04, 2018

Show notes

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.

393: How to Delay Filing Your Taxes Legally Apr 02, 2018

Show notes

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, the money is still due on April 17th! Please don't misunderstand me!

Sometimes you just want some more time to get the paperwork done, or you may be waiting on some special forms, such as a K-1. K-1's come from alternative investments like partnerships and can be slow to arrive in the mail. They often don't arrive at your door by April 15th, so an extension is necessary.

Remember, your state taxes are NOT included in the extension, so check with your state's agency for their rules.

In summary, you can put off filing the forms, but you still owe the tax, so be sure the money is in by April 17th and properly request your extension. Then you have until October 15 to get your return filed.

392: What to Invest in Instead of FANG Stocks Mar 30, 2018

Show notes

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

391: Why Saving Money Can Make You Rich Mar 30, 2018

Show notes

Learn why saving money is so important to wealth building.

390: Debt, Appreciating Assets and Why Wealth is About Choices Mar 26, 2018

Show notes

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.

389: Best Performing International Mutual Funds for 10 Years Mar 23, 2018

Show notes

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

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected