Average Money

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Why The Roth IRA Is The BEST Investment Vehicle (Tax Free Millionaire) #021 Jan 04, 2021

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📱 Join The Patreon/Discord for Live Streams and Stay in Touch With The Average Money Community: https://www.patreon.com/averagemoney 👉🏻 Invest with M1 Finance and Get Free $30 when you deposit $1,000: https://m1finance.8bxp97.net/a1WqjZ 😍 Get Life Insurance If Someone Depends On Your Income. We Both Use Ladder Insurance! Get A Quote In Seconds To See If You're Instantly Approved: https://ladder.pxf.io/a1A1NW 📈 What We Use To Research/Analyze Stocks: https://www.stockrover.com/why-stock-rover/?sa_author=averagemoneypodcast 📝 The Beginners Guide to Options Trading Course: https://averagemoney.teachable.com/ 👊 Get Your Average Money Merch: https://average-money-merch.creator-spring.com/ 📞Leave Us a Voice Mail To Answer LIVE on the Podcast: https://www.speakpipe.com/AverageMoney 📷Follow Us on Instagram:https://www.instagram.com/averagemoneypodcast/ 🎤Brad's YouTube Channel: https://www.youtube.com/channel/UCVo7LwuxomC4k5yHEHlVdJA 🎧JJ's YouTube Channel: https://www.youtube.com/channel/UCweFuIP49kB3ihHy9bKp48g Our Website: https://averagemoneypodcast.com In today's episode we are going to be talking about the wonderful Roth IRA and why we think it is the BEST investment vehicle of 2021. We will break down exactly what a Roth IRA and how you can open it. We will break down the different types of investments you can put inside your Roth IRA and whether we like to Dollar Cost Average our investment or Lump Sum it all in at the beginning of the year. We will also look at some of the less common pros of the Roth IRA that many people dont know about including how Brad uses it as part of his emergency fund. For the real money nerd out there, the episode will be one of your favorites. Sit back, relax, and let's all become Tax Free Millionaires.

Teaching Your Kids About Money #020 Jan 01, 2021

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Voice Mail Link: https://www.speakpipe.com/AverageMoney?fbclid=IwAR1N1H5y33uqAf2GoL4ob6glEHzLMxU14Sy6Uhw0YbGyj30E84YvLhrUcl8 Join The Facebook Group: https://www.facebook.com/groups/806355626826840 Full Video Of This Episode On Our YouTube Channel! https://www.youtube.com/channel/UCouWgQ9TLXsSkZ32lSZhDmg Please Leave A Review On Apple Podcasts And Tell A Friend About Us! It is the best way to help support this podcast and means the world to us. We will read your reviews at the end of each episode! This weeks voicemail question comes from Aaron and asks how we plan to teach our kids about money and what lessons we hope to instill on our kids as they get older. As parents, the financial success of our children's weighs heavy on our shoulders. Too many times I hear from parents who, later in life, feel like they didn't give their children the best chance to succeed with money. There is such a tough balance between trying to give our kids all things maybe "we never had" while at the same time teaching them the purpose and value of money. Passing down the things we have learned about money is an amazing way to continue generational wealth. We are both parent to young children are faced with the task of making sure our kids grow up with a foundation of personal finance. Whether you are already a parent or plan to be on in the future, this episode will give you some ideas on how to teach your kids about money and set them up for success. Thank you so much for listening!

Setting Financial Goals For 2021 #019 Dec 28, 2020

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Voice Mail Link: https://www.speakpipe.com/AverageMoney?fbclid=IwAR1N1H5y33uqAf2GoL4ob6glEHzLMxU14Sy6Uhw0YbGyj30E84YvLhrUcl8 Join The Facebook Group: https://www.facebook.com/groups/806355626826840 Full Video Of This Episode On Our YouTube Channel! https://www.youtube.com/channel/UCouWgQ9TLXsSkZ32lSZhDmg Setting goals can be put in the same kind of category as making a budget. They seem lame, they are definitely something that you don't talk to your friends about at parties BUT they will change the course of your life! These can be tough conversations to have with yourself and it is always good to have an accountability partner through the goal making process. Since both of our wives hate listening to use talk about money, this is the perfect opportunity to use each other and help one another succeed. In this episode, we not only want to talk about the goals we have for the podcast, our personal lives, as well as personal finance, but tell you some things we have learned about setting goals. Tips and tricks that may help you get started on your journey to setting goals or help you fine tune the ones you already have for yourself! Sit back, relax, grab a pen, and let's do this!Happy New Year!

Often Missed In Early Retirement #018 Dec 25, 2020

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📞Voice Mail Link: https://www.speakpipe.com/AverageMoney?fbclid=IwAR1N1H5y33uqAf2GoL4ob6glEHzLMxU14Sy6Uhw0YbGyj30E84YvLhrUcl8 💥Join The Facebook Group: https://www.facebook.com/groups/806355626826840 Full Video Of This Episode On Our YouTube Channel! https://www.youtube.com/channel/UCouWgQ9TLXsSkZ32lSZhDmg The FIRE Movement and Early Retirement may seem amazing on paper but there are things you really need to consider when leaving that W2 Job. One of those things to consider is the cost of Medical Insurance.In todays episode we take a question from Andrew, and talk health insurance strategies to consider before Early Retirement.

From Sleeping In A Box Truck To Millionaire with Jon Schoeller #017 Dec 21, 2020

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Voice Mail Link: https://www.speakpipe.com/AverageMoney?fbclid=IwAR1N1H5y33uqAf2GoL4ob6glEHzLMxU14Sy6Uhw0YbGyj30E84YvLhrUcl8 Join The Facebook Group: https://www.facebook.com/groups/806355626826840 Full Video Of This Episode On Our YouTube Channel! https://www.youtube.com/channel/UCouWgQ9TLXsSkZ32lSZhDmg Jon's Instagram @TheFrugalInvestor Jon's YouTube Channel: https://www.youtube.com/jonschoeller This week we get to sit down with Real Estate Investor and Entrepreneur Jon Schoeller. Jon is a one of a kind human that can inspire anyone to succeed. He realized early on in life that school wasn't for him due to the lack of business stimulation that it provided. This is where his skills as a natural born hustler and passion for strategic ways to handle money came in handy. After starting many business and partnering in many more, Jon has found himself in a position to be Financially Independent and never need to work a day in his life ever again. But this is not the path he chose! He has build a flawless real estate business with his partners Andrew and Steve and shows no signs of slowing down. This episode provides tips that you can take with you to succeed with money not only in real estate, but in life as well. It is an honor to call Jon a friend and the value that he provides is unmatched. Sit back, crack a beer, and enjoy this episode with Jon Schoeller!

Risk Of Investing Your Emergency Fund For Higher Returns! #016 Dec 18, 2020

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Defining Success & Happiness Through Financial Independence #015 Dec 14, 2020

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Voice Mail Link: https://www.speakpipe.com/AverageMoney?fbclid=IwAR1N1H5y33uqAf2GoL4ob6glEHzLMxU14Sy6Uhw0YbGyj30E84YvLhrUcl8 Join The Facebook Group: https://www.facebook.com/groups/806355626826840 Full Video Of This Episode On Our YouTube Channel! https://www.youtube.com/channel/UCouWgQ9TLXsSkZ32lSZhDmg This is one of the most fun episodes we have recorded to date. This week Brad puts JJ on the "Hot Seat" and asks him some of the most popular interview questions that author and podcaster Tim Ferriss uses when interviewing some of the top names in the world. JJ had no idea what the questions would be and you will hear his answers live and first hand. These questions deal with success, money, happiness, contentment, family, and business. We found our selves going deep and personal with some of these questions and learned a lot about each other. At the end of the day this single episode helped reinforce the strong bond with have with success and financial independence.   We encourage you to press pause after each questions and answer them for yourself. Bring your answers to life in our private Facebook Group "Average Money". Thank you so much for listening.  Cheers!

Pay Off Debt Or Invest? #014 Dec 11, 2020

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In the first Friday edition of Average Money we take a listeners voice mail and give our thoughts. Voice Mail Link: https://www.speakpipe.com/AverageMoney?fbclid=IwAR1N1H5y33uqAf2GoL4ob6glEHzLMxU14Sy6Uhw0YbGyj30E84YvLhrUcl8 Join The Facebook Group: https://www.facebook.com/groups/806355626826840 Full Video Of This Episode On Our YouTube Channel! https://www.youtube.com/channel/UCouWgQ9TLXsSkZ32lSZhDmg This question comes in from a 22 year old with some student loan debt. He just graduated and has the option to hold off on paying his debt, which is common when you graduate from school. Most will give you the opportunity to defer a few months till you find a job. He also has the opportunity to enter a loan forgiveness program. All that aside, he has been doing a little bit of investing in the market and is wondering if that is right move considering he has that debt. Should he pay off his debts, or defer his payments and keep investing to take advantage of his young age and the power of compound interest. This is a heated debate in the the personal finance space, so tune in to find out what our opinions are on this topic. Our answers may surprise you.

10 Ways To Save More Money In 2021 #013 Dec 07, 2020

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Using Real Estate & Dividend Stocks To Reach Financial Independence w/ Bruce Wang #012 Nov 30, 2020

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Voice Mail Link: https://www.speakpipe.com/AverageMoney?fbclid=IwAR1N1H5y33uqAf2GoL4ob6glEHzLMxU14Sy6Uhw0YbGyj30E84YvLhrUcl8 Join The Facebook Group: https://www.facebook.com/groups/806355626826840 Full Video Of This Episode On Our YouTube Channel! https://www.youtube.com/channel/UCouWgQ9TLXsSkZ32lSZhDmg Bruce YouTube: UCl0It9cuBpyq7MSvAPQnGWwBruce Insta: https://www.instagram.com/brucewannng/?hl=enThis week we had an awesome opportunity to sit down with Bruce Wang. Bruce is probably most well know for his YouTube channel, but the information he shares there is just the tip of the iceberg. Bruce has a wealth of knowledge about money and the personal finance space and we were lucky enough to get to pick his brain. After college, knowing that he did not want to jump right into the rat race, he spent a few years in Cambodia where he first tested his skills in entrepreneurship. This venture lead to his early videos on importing and selling hover boards in Cambodia. As a natural saver he came back to the states, and with the help of his brother and The Bigger Pockets Podcast, purchased his first duplex with his wife and they started down the path of real estate investing. This single venture has now expanded into over four units in the Northeast of the US. Bruce shares how real estate investing, dividend stocks, and entrepreneurship has allowed him to live Financially Free as the young age of 32. Thanks again for spending some time with use Bruce!

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