The Dough Roller Money Podcast

Latest Episodes:

DR 366: Net Worth, Bank Accounts, and Treasury Yields Aug 06, 2023

Show notes

Today in episode 366 of the Dough Roller Money Podcast we cover tracking your net worth, having more than one bank account, and current action in treasury yields.

Empower: https://go.robberger.com/empower/yt-366

Kubera: https://go.robberger.com/kubera/yt-366

CNN Article: https://www.cnn.com/2023/08/03/business/wells-fargo-technical-issue-direct-deposits/index.html

10 Best Checking Accounts: https://www.doughroller.net/banking/free-online-checking-accounts/

Best Savings Accounts: https://www.allcards.com/best-savings-account-rates/

Treasury Yields: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_tdr_date_value_month=202308

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The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one! Make sure you SUBSCRIBE so you won't miss any of our upcoming episodes! ➡️ https://bit.ly/DoughRollerYouTube #personalfinance #financetips #moneytips #financialliteracy #moneypodcast DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.

DR 367: The 4% Rule, 3 Financial Planning Tools, and the Optimal Credit Card Rewards Strategy Jul 22, 2023

Show notes

In today's podcast we cover three topics:

The 4% Rule: Just how realistic is the 4% rule for most retirees? I have my doubts, and will briefly discuss an alternative called the Spend Safely in Retirement Strategy.
Financial Planning Tools: We'll look at three of my favorite financial planning tools.
Finally, we'll cover what I think is an optimal credit card rewards strategy.

FICalcApp: https://ficalc.app/
2% Cash Back Credit Cards: https://www.allcards.com/best-2-cash-back-credit-cards/
Empower: https://go.robberger.com/empower/yt-dr367
ProjectionLab: https://go.robberger.com/projectionlab/yt-dr367
New Retirement: https://go.robberger.com/new-retirement/yt-dr367
Spend Safely in Retirement Strategy Video: https://www.youtube.com/watch?v=aZJCHkvwvAU
ProjectLab Video Review: https://www.youtube.com/watch?v=k0iEIfMxBEc
New Retirement Video Review: https://www.youtube.com/watch?v=Ne56mF2xMeE&ab_channel=RobBerger
Empower Video Review: https://www.youtube.com/watch?v=Ta3s61BJk1w&ab_channel=RobBerger

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DR 366: Inflation, Rates and Recession Jul 14, 2023

Show notes

Today we discuss the latest CPI and PPI numbers, their effect on interest rates, and the whether a recession is coming.

CPI: https://www.bls.gov/cpi/

CPI Details: https://www.bls.gov/news.release/pdf/cpi.pdf

PPI: https://www.bls.gov/ppi/

Savings Account Rates: https://www.allcards.com/best-savings-account-rates/

Money Market Account Rates: https://www.allcards.com/money-market-accounts/

CD Rates: https://www.allcards.com/best-cd-rates/

No-Penalty CD Rates: https://www.allcards.com/best-no-penalty-cd-rates/

T-Bill Yields: https://fixedincome.fidelity.com/ftgw/fi/FILanding

Mortgage Rates: https://www.bankrate.com/mortgages/mortgage-rates/

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DR 365: Budgeting Credit Cards, Maximizing a Fund's Returns and the Power of Subtraction Jul 07, 2023

Show notes

Today in episode 365, we look at the following three topics:

Budgeting Credit Cards: How should we manage credit card debt in our budget? We'll look at the difference between credit cards we pay in full each month and credit card debt we are working to pay down.

Maximizing Returns: There is one simple strategy we can use to get the most returns out of a mutual fund or ETF. We'll talk about that strategy and how we can use it to build a solid investment plan.

The Power of Subtraction: Finally, we'll look at why removing things from our lives can be just as powerful as adding things.

Resources:

https://www.morningstar.com/funds/are-you-leaving-money-table-your-funds-returns

DR 364: Cash Stuffing, Student Loans and Your Retirement Number Jun 30, 2023

Show notes

Today in episode 364 we'll talk about cash stuffing, student loans, and how much you need to retire.

Cash Stuffing: My parents called this the envelope budgeting method. Today TikTok and YouTube have rebranded it as cash stuffing and made the envelope system cool again. We talk about its pros and cons.

Student Loans: There are two topics on tap for today. First, we expect the Supreme Court to rule today on President Biden's attempt to wipe out $400 billion in student loans. We also look at the economic effects of student loan repayments set to resume in October.

Retirement: Finally, we look at a survey showing how much we think we need to retire. The results vary significantly by age, as you'll see.

Resources:

Cash Stuffing Video: https://www.youtube.com/watch?v=3BF6uUzPQn8&ab_channel=StrawberryMoney%F0%9F%8D%93
Student Loan Supreme Court: https://finance.yahoo.com/news/us-supreme-court-decide-fate-100000817.html
Student Loan Repayment and the Economy: https://www.forbes.com/sites/simonmoore/2023/06/29/resuming-student-loan-payments-may-slow-economic-growth/
Retirement Study: https://news.northwesternmutual.com/2023-06-22-Americans-Believe-They-Will-Need-1-27-Million-to-Retire-Comfortably,-According-to-Northwestern-Mutual-Planning-Progress-Study

DR 363: Is SaveBetter Safe, 3 Best Budgeting Apps, and Vanguard's New $25 Fee Jun 23, 2023

Show notes

Today we begin by looking at SaveBetter (now called Raisin). They offer some of the best interest rates on bank accounts available anywhere. But several people have emailed me asking whether SaveBetter is safe. I'll share the response I received directly from SaveBetter.

Then we look at 3 of the best budgeting apps, including one that is free and one that gives you complete control of your data.

Finally, we talk about the new $25/month fee that some Vanguard clients will incur beginning in September if they don't act now.

RESOURCES

Join the Newsletter: https://doughroller.activehosted.com/f/1

Best Savings Accounts: https://www.allcards.com/best-savings-account-rates/

Best Money Market Accounts: https://www.allcards.com/money-market-accounts/

Best No-Penalty CDs: https://www.allcards.com/best-no-penalty-cd-rates/

Empower (Personal Capital): https://go.robberger.com/empower/yt-dr363

Simplifi: https://go.doughroller.net/simplifi/yt-dr363

Tiller: https://go.robberger.com/tiller/yt-dr363

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DR 362: Inflation, Dave Ramsey Lawsuit & Investing Fees Jun 16, 2023

Show notes

Today we start be discussing inflation. Both CPI and PPI numbers are down and the Fed has paused interest rate hikes. For the moment, an FDIC-insured savings account pays more than the rate of inflation. Then we discuss the $150 million lawsuit against Dave Ramsey. There are some important lessons here for all of us. Finally, I answer a listener's question about investment fees inside a Roth workplace retirement Account. RESOURCES:

CPI: https://www.bls.gov/cpi/
PPI: https://www.bls.gov/ppi/
Best Savings Accounts: https://www.allcards.com/best-savings-account-rates/
Best No-Penalty CDs: https://www.allcards.com/best-no-penalty-cd-rates/
Dave Ramsey Lawsuit: https://www.cbsnews.com/news/dave-ramsey-getting-sued-150-million-lawsuit-timeshare-exit/
Empower: https://go.doughroller.net/empower/yt-362

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DR 361: Binance, Marriott Bonvoy Credit Cards & Getting Investment Help Jun 09, 2023

Show notes

Today in episode 361 of the Dough Roller Money Podcast, we cover three things:

Binance: Why has the SEC sued Binance related entities, including its CEO, CZ, and what can we learn from the lawsuit.
Marriott Bonvoy has just increased the welcome offer on its credit cards.
And I'll share a story of the advice a gave a friend in retirement looking for help managing their investments.

RESOURCES MENTIONED IN THE PODCAST

-Dough Roller Newsletter: https://robberger.com/newsletter/ -Rob Berger Newsletter: https://doughroller.activehosted.com/f/1

-Rob Berger YouTube Channel: https://www.youtube.com/@rob_berger -Dough Roller YouTube Channel: https://www.youtube.com/channel/UCmWLSuglwdpdWbHhgjaIxRg

-Marriott Bonvey Brilliant Card: https://www.allcards.com/marriott-bonvoy-brilliant-american-express-card/?utm_campaign=DR+Podcast&utm_source=YouTube&utm_medium=textlink

-Marriott Bonvey Bevy Card: https://www.allcards.com/marriott-bonvoy-bevy-american-express-card/?utm_campaign=DR+Podcast&utm_source=YouTube&utm_medium=textlink

-Amex Platinum Card: https://www.allcards.com/american-express-platinum-card-review/?utm_campaign=DR+Podcast&utm_source=YouTube&utm_medium=textlink

-Binance SEC complaint: https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf

-Binance SEC Memorandum of Law: https://www.sec.gov/files/litigation/complaints/2023/brief-pr2023-103.pdf

-Mark Zoril (Plan Vision): https://planvisionmn.com/

-List of Fixed Fee Planners: https://robberger.com/low-cost-financial-advisors/

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DR 360: Past, Present and Future Jun 05, 2023

Show notes

Eliminate Your Money Mistakes with Tracey Bissett May 02, 2022

Show notes

Today on the Dough Roller Money Podcast we are talking with Tracey Bissett!

Tracey is an award-winning Financial Literacy Educator. She founded Bissett Financial Fitness, hosts the Young Money podcast, and on top of all this she is also a full-time professor in the financial services faculty within the Business School at Centennial College.

Last year Tracey was awarded as the Most Influential Financial Literacy Leader and The Best Financial Education & Consulting Firm for Bissett Financial Fitness.

In this episode, Tracey jumps right into her goal as a financial fitness coach and how she is here to guide people through their money mistakes! She gives her advice on what business owners new and old should be looking out for when dealing with their company’s finances. She also explains how business owners can apply their financial literacy into their personal lives!

If you are ready to eliminate your money mistakes keep on listening!

Calls to Action:

Follow Dough Roller on Linkedin: https://www.linkedin.com/company/dough-roller/

Follow Dough Roller on Instagram: https://www.instagram.com/doughrollermoney/

Follow Dough Roller on Twitter: https://twitter.com/doughroller

Check out the Dough Roller website and blog: https://www.doughroller.net/

Timestamps:

00:00 - Introduction to Tracey

03:09 - What are the personal biases Tracey think people should look out for when dealing with money

06:30 - Tracey explains what exactly is a financial fitness coach

08:41 - What are the money mistakes she sees that business owners often make

10:50 - What are Tracey’s tips for businesses to get out of these mistakes