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Videos uploaded by user “Wealth Hacker - Jeff Rose”
Steal My Morning Routine 😴: How The Miracle Morning Changed My Life
 
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http://www.goodfinancialcents.com/the-miracle-morning-interview-with-author-hal-elrod/ Can waking up 20 minutes earlier really make that much of a difference? I wasn't a believer until I read the book The Miracle Morning by Hal Elrod and it has changed my life. Here's what my Miracle Morning looks like.
Roth IRA Millionaire 💸😎: How to Get Tax-Free Money Explained (2018)
 
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Who wants to become a Roth IRA millionaire???? If you hate paying taxes, then this video is for YOU! What’s better than being a millionaire? Paying a big fat ZERO 🚫 on the taxes of that million dollars. 💰 Reality check: Taxes are not fun ❌❌❌! Does anybody like paying taxes? #Nope So how can you get tax free money? I’m breaking it all down for you here in this video. Once the Roth IRA is explained to you, you'll be kicking yourself that you haven't started sooner. ➡➡➡And if you haven't opened a Roth IRA yet, here are some of my favorite online brokers to check out: ⬅⬅⬅ ✅ Betterment - Best company if you don't want to choose the investments. They do all the pickin' for you! https://www.goodfinancialcents.com/resources/betterment-youtube-roth-ira-millionaire.php 🆓💲5️⃣ Stash - Stash only requires $15 to open a Roth IRA. Best part, you get $5 for opening an account. #boom https://www.goodfinancialcents.com/stash These options let you pick the stocks, ETF's or mutual funds YOU want to buy. If you want more control ✊🏼 then these are the ones to pick: ✅ Ally Financial https://www.goodfinancialcents.com/resources/ally-youtube-roth-ira-milionaire.php ✅ TD Ameritrade https://www.goodfinancialcents.com/resources/tdameritrade-youtube-roth-ira-millionaire.php ✅ Etrade https://www.goodfinancialcents.com/resources/etrade-youtube-roth-ira-millionaire.php Don't want to mess with the stock market? Then take a look at Peer to Peer Lending giant Lending Club: ✅ Lending Club https://www.goodfinancialcents.com/resources/lendingclub-youtube-roth-ira-millionaire.php Here’s what you’ll learn in this new video: ▶︎ What kind of IRA can help you with taxes and actually SAVE you money. ▶︎ Meet your new BFF: Compound Interest. ▶︎ How much money can you put into a Roth IRA each year and avoid the taxes? ▶︎ What you can do if you don’t have a ton of money to get started investing. ▶︎ Where can you go to open a Roth IRA? I’ve got a few suggestions! The Roth IRA is one of if not the BEST investment tool for investors. But so many people don't take advantage of it - which drives me bonkers!! Some quick fun facts about the Roth IRA explained: ▶︎In 2018, you're allowed to put in $5,500 per year. That's $458.33 per month or $15.27 per day. ▶︎The money you put in (your contributions) are able to be withdrawn at any time (because it's after-tax contributions). Because of this I like to think as the Roth IRA as a savings account on steroids. ▶︎You can put almost anything inside the Roth IRA. This includes individual stocks, ETF's, mutual funds, peer to peer lending. ▶︎You can use it to pay for college or your 1st purchase of a new home without paying taxes or penalty. Now do you see why I love the Roth IRA? 😃 ★☆★Resources Mentioned in Roth IRA Explained Video:★☆★ ✅ Betterment https://www.goodfinancialcents.com/resources/betterment-youtube-roth-ira-millionaire.php ✅ Ally https://www.goodfinancialcents.com/resources/ally-youtube-roth-ira-milionaire.php ✅ TD https://www.goodfinancialcents.com/resources/tdameritrade-youtube-roth-ira-millionaire.php ✅ Lending Club https://www.goodfinancialcents.com/resources/lendingclub-youtube-roth-ira-millionaire.php ✅ Etrade https://www.goodfinancialcents.com/resources/etrade-youtube-roth-ira-millionaire.php 🆓💲5️⃣ Stash - Stash only requires $15 to open a Roth IRA. Best part, you get $5 for opening an account. #boom https://www.goodfinancialcents.com/stash Read more about how awesome the Roth IRA is on my blog: https://www.goodfinancialcents.com/roth-ira-rules-contribution-limits/ Here's a more comprehensive list of all the Roth IRA options: https://www.goodfinancialcents.com/best-places-to-open-a-roth-ira/ ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
529 College Savings Plan
 
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If you're like me and already have children, you're probably already freaking out about how much college tuition is going to be costing you in the next five, ten, or fifteen years. I know that I have been freaking out because I've seen how much college has been going up ever since I got out. If you're in that same situation, let me introduce to you the 529 college savings plan. I am just going to share what exactly a 529 plan is. How does it work; how do you actually utilize it? What are the different types that are available to you, and then what are some of these flexibilities or benefits of using the 529 college savings plan in helping fund your kid's college education? First, what exactly is the 529 plan? First and foremost, don't get so wrapped up in the 5-2-9 numbers. Those just come from the IRS code when they came up with the name. The 529 college savings plan is a tax advantage savings and investment vehicle used purely, and I stress purely to save for your kid's college. By putting money into the college 529 savings plan, your contributions or money that you put in is all after tax. Then, whenever you go to pull that money out all the interest in the earnings that have accumulated from your contributions are completely tax free as long as you use those towards your kid's college education. Now that's important. If you end up pulling that money out for something other than college tuition or college-related expenses, you will be taxed and penalized on the interest earnings. But remember your contributions, the money that you put in are all after tax, so you can actually pull that money out at anytime and not incur any tax or penalties. If that sounds familiar it is very much like the Roth IRA, except this is purely used for college.
Is Fundrise LEGIT?  - Online Real Estate Investing Review
 
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This video is my review of Fundrise - an online crowdfunding real estate investment option. _______________________________________ You can read more about Fundrise here: 📰https://www.goodfinancialcents.com/fundrise-review-how-to-invest-in-corporate-real-estate-with-a-small-investment/ You can start investing with as little as $500 here: ✅https://www.goodfinancialcents.com/resources/fundrise-youtube-fundrise-review.php ________________________________________ I’m going to guess you are someone like me. You want to build wealth! 💰💰 You want to make some money. And you realize that real estate is a great way to do that. It’s no coincidence that nearly all of the millionaires in the world own some kind of real estate. 🏘️ But, it can be intimidating. You don’t want to lose money and you don't know how to get started, so you do nothing. What if I told you - you can get started with as little as $500. 😂 I am going to share a real estate investment option with you today. I’m not a real estate investment guru. In fact I’ve shared a real estate fail with you guys already. I also shared with you 8 different ways to invest in real estate without managing properties. I want to highlight one of those options, which has to do with crowdfunding. This is something that has blown up in the last few years. All you need to get started is a computer an an internet connection. Fundrise is an online platform that allows you to start investing with as little as $500. So what is Fundrise? They are an online real estate and investment company that specializes in crowd funding. Crowdfunding has grown a lot in popularity over the last 5-6 years. You are investing into a real estate investment trust with Fundrise, by investing into a private REIT. This allows for a more nimble, less volatile opportunity for you. You do not have to be an accredited investor to utilize Fundrise. ➡️ So How Can You Make Money? Basically, you open and fund your account. Then Fundrise finds the opportunities for you. You gain dividends that pay out every quarter. They offer 5 different REIT options: ✳️ Focus on west coast ✳️ Focus on east coast ✳️ Focus on center ✳️ Focus on income ✳️ Focus on growth You can determine how you want to invest. You can chose one or all of these options. ➡️ What about their competitors? Rich Uncles is very similar to Fundrise in that you can get started with only $500 and you don’t have to be an accredited investor. However, Rich Uncles does not have a secondary platform and they are only available in a small number of states. Once you get started with them you are kind of in a relationship for the long haul. Realty Shares is another competitor with a few big differences. You have to start with $1,000 minimum and you must be an accredited investor. Doing research for this video I found a couple of other similar platforms like Realty Mogul. ➡️ Is this type of investing safe? 📈 Like any other investment, you have to weigh the risks vs. investment and see if this is right for you. ➡️ Am I going to put all of my money in Fundrise? 🙅 NO! 🙅 I don’t think you should put more than 5-10% into any of these online platforms. ➡️ What about Taxes? 😟 How do taxes work with Fundrise? You will either get 1099 dividends or a return of capital. Be prepared to pay in your tax bracket as you would on any income. There is a 90-day guarantee with Fundrise. You will pay a 3% redemption fee if you want to cash out after the 90 days. I will still be watching the competition to see if there are any major shifts or changes. Have you invested into any of these online platforms? Is this something that you would feel safe putting your hard-earned money into? I’m curious ! I want to hear from you, let us know in the comments. You can start investing with as little as $500 here: ✅https://www.goodfinancialcents.com/resources/fundrise-youtube-fundrise-review.php ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
SEP IRA Rules and Contribution Limits (GoodFinancialCents.com)
 
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If you're a small business owner, then opening a SEP IRA might be the best option for your retirement plan. Here's the rules and contribution limits of opening a SEP IRA.
How I Built 7 Multiple Streams of Income [That Make Me Money EVERY Single Month]
 
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If you read many stories about entrepreneurship, you’ve probably noticed that most entrepreneurs have multiple streams of income. AKA they are rollin’ in the dough. 💵💰 Mostly by design, business owners go to great lengths to make sure they have money coming in from all directions. I myself have 7+ income streams and am always looking for strategic ways to add to that stream. Reality is, income rolling in from all over the place sounds great, right? Unfortunately, it’s hard enough for some people to figure out how to create a single income stream, let alone more than one. So what are the 7 income streams I see deposited into my bank account each month? 💸 I’m spilling my secrets here in this video. If you’re looking for ideas to keep the cash rollin’… then this video is for YOU! ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com Here’s what you’ll learn in this new video: ▶︎ The book that got me started on finding multiple streams of income. ▶︎ What is MLM? …And how I got BURNED by it. ▶︎ What my main stream of income has been and how I’ve been able to grow that income. ▶︎ How since July 2008 I’ve turned a blog that I originally wanted to use to market my own personal finance advising firm into a revenue source that makes over 6-figures every single month. *BONUS: What are the ways I make money on my blog. ▶︎ How an additional website I have has become a source of 6 figure per year passive income. ▶︎ Get a quick look at how I invest traditionally which is one of the main streams of my income. ▶︎ How I’ve diversified my portfolio even further with real estate investing. ▶︎ What it looks like to get your first media deal… cha-ching! ▶︎ My newest income stream that I’m putting a lot of time and energy into. You can also check out this blog post, Multiple Income Streams - My 7 Streams of Income: ➡️➡️ https://www.goodfinancialcents.com/multiple-streams-of-income Be sure to subscribe to get more tips on making more money and building wealth: ✅ http://www.youtube.com/subscription_center?add_user=goodfinancialcents ▶︎▶︎▶︎ Download our free PDF: 14 Passive Income Ideas You Can Start TODAY https://www.goodfinancialcents.com/passiveincome ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎤 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Best Places to Open a Roth IRA
 
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Best Places to Open a Roth IRA http://www.goodfinancialcents.com/best-places-to-open-a-roth-ira/ Online Options mentioned in this video: Scottrade: http://www.goodfinancialcents.com/scottrade-account Betterment: http://www.goodfinancialcents.com/resources/betterment.php Read more about Betterment here: http://www.goodfinancialcents.com/easy-etf-investment-stragegies-with-betterment-com/
Lending Club Review - Is it a Good Investment? (GoodFinancialCents.com)
 
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http://www.goodfinancialcents.com/investing-lending-club-good-or-risky-investment/ Peer to peer lending has really taken off over the past few years. At the leader of pack is Lending Club. But the questions remains - Are they really a good investment or is it too risky? Open your free Lending Club account here: http://bit.ly/QN2vkm
Investing for Beginners | How I Got Started With No Money (broke as a joke 😫)
 
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How to start investing when you're a beginner and only have small amounts of money, a.k.a. you're "broke as a joke" was me many years ago. I had barely little money to my name in my early 20's because I was blowing it on junk I didn't need. Thankfully, I started an internship with a local investment firm and I started to learn a thing or two about investing. This led to me making my first investment into a mutual fund which opened the door for so many things. That's why I'm a HUGE advocate for people to start investing even if you don't have a lot of money to get started. I started with only $25 per month into mutual funds. Even though the mutual funds weren't that good (I found this out later on) I still learned a ton throughout the process. ➡➡➡And if you haven't started investing yet, here are some of my favorite online brokers to check out: ⬅⬅⬅ ✅ Betterment - Best company if you don't want to choose the investments. They do all the pickin' for you! https://www.goodfinancialcents.com/resources/betterment-youtube-roth-ira-millionaire.php 🆓💲5️⃣ Stash - Stash only requires $5 to open an investment account. Best part is you get $5 for opening an account. #boom https://www.goodfinancialcents.com/stash These options let you pick the stocks, ETF's or mutual funds YOU want to buy. If you want more control ✊🏼 then these are the ones to pick: ✅ Ally Financial https://www.goodfinancialcents.com/resources/ally-youtube-roth-ira-milionaire.php ✅ TD Ameritrade https://www.goodfinancialcents.com/resources/tdameritrade-youtube-roth-ira-millionaire.php ✅ Etrade https://www.goodfinancialcents.com/resources/etrade-youtube-roth-ira-millionaire.php Don't want to mess with the stock market? Then take a look at Peer to Peer Lending giant Lending Club: ✅ Lending Club https://www.goodfinancialcents.com/resources/lendingclub-youtube-roth-ira-millionaire.php ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
The CEO of Fundrise sent me this email.....
 
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Many of you have asked me 'How do I invest into real estate'? I have shared a couple of videos and one that I have been 'high' on is Fundrise. I just love the whole concept. ➡️Open a Fundrise account with as little as $500 here: https://www.goodfinancialcents.com/resources/fundrise-review.php But a couple of days ago I got an email that left me feeling uneasy and I wanted to share this email and talk about what it means to you. Before I share that email I want to talk about some of the common questions that people have been asking. I mention avoiding non traded REITs in other videos because you get your money tied up and you can not liquidate it. I mention Fundrise because it can be, and is considered a non traded REIT. The big difference with Fundrise and these others is that you could liquidate. In fact Fundrise lets you liquidate these investments within the first 90 days with no penalties. That is unheard of. Now after 90 days you would pay a penalty. If you wanted to sell you would sell with a small redemption fee. Then I got the email from Fundrise with something in BIG BOLD print that said: 'It's critical for investors to understand not only how, but also why that liquidity is unlikely to be available during a sudden downturn.' Of all the emails that I get every single day, I seldom click on what the email say that I need to read. However, when I read that big bold black print, I had to click. The interesting thing is that the link took me to a post from a year ago. It was just reposting recently. They are expecting a financial crisis. They are expecting a downturn. We are due for a financial sell off. That just makes common sense. It is time for a downturn. When people see volatility they get scared. They want to sell off everything. My stance is still that Fundrise is a great option because you CAN redeem if you NEED to. Real estate is not a short term investment. It is always going to be a long-term investment unless you are a professional real estate investor. While I don't disagree with what Fundrise is doing here, I just wanted to let you know what they are doing. If everyone wants to sell at the same time, it is a lose/lose situation. If and when we have a sell off, I would be putting it into Fundrise and into the stock market to take advantage of the dip. The lesson, which isn't a new lesson, is that investing is for the long term. If you are in it for the long-term, I still feel that Fundrise is a viable option. Let me know how you feel about this letter. If you are currently investing in Fundrise, are you scared about putting more money in? #Fundrise #realestateinvesting ✅ 5 Biggest Investment Ripoffs 🎦 https://youtu.be/NSA8dFzeDuI ✅ Fundrise review 🎦https://youtu.be/RbA8jrqNku8 ➡️Open a Fundrise account with as little as $500 here: https://www.goodfinancialcents.com/resources/fundrise-review.php ▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCkNgKCu9062P0CPyVoBI5sQ?sub_confirmation=1 ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Take the Pension or Roll into IRA?  Lump Sum Distribution Options on Pensions
 
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Big decisions when rolling your pension into an IRA. Should you take the annuity payment for life or take the lump sum distribution? Here are a few things to consider on what to do with your pension when your approaching retirement.
7 Rules for Investing in Your 20s (best way to invest when you're young)
 
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Investing in your 20s is the best...I repeat...BEST thing you can do to set yourself up for success. When I was 20 years old, I was broke. I didn't know anything about investing, I didn’t know what a mutual fund was, I didn’t know how to invest in the stock market, I barely had $100 to my name. By the end of my 20’s I had paid off all of my debt, I was investing in a 401K, I had maxed out my Roth IRA, I was on top of the investment world. I had it all figured out. How did I do this? I found the 7 rules to investing in your 20s. Most people assumed that since I was a finance major I should know about investing. The truth is they didn’t teach you that in college. When I started my career, I didn’t know how to invest. But I got real world experience and knowledge when I started my career as a financial advisor. I started investing with as little as $25/month. I should have started with more, but I felt good with what I was doing. Those first mutual fund investments taught me how to get started in my 20s. So let’s take a look at those 7 Rules: ➡️ 1. Just freaking start [2:40] - It doesn’t matter where you start investing - just START somewhere. ➡️ 2. Respect compounding interest [5:28] - Many people do not understand or appreciate the power of compounding interest. Let’s look at an example at 20 yrs. old investing $300/month with 8% return - you will have a one million dollars by the time you are 60. 💰 At 30 yrs. Old with the same investment you will have $440,445. ➡️ 3. Uncover those golden eggs [7:03] - When it comes to investing you only know what you know. Until you actually start investing you are not going to know what is out there. ➡️ 4. Choose tax-free status [8:38] - This contradicts what Dave Ramsey will tell you. I suggest that you start with the Roth IRA vs. the 401K. With a Roth IRA, you have to open your account and choose your investments (you will learn more). ➡️ 5. Invest in your number 1 Asset [10:20] - That number one asset is YOU. Invest in yourself. You can start this by reading books, attending conferences, etc. ➡️ 6. Understand the power of the side hustle [12:35] - Do you want to be in control of your future? That is what the side hustle can give you. It doesn’t happen overnight, but with work it will happen. ➡️ 7. Do what the wealthy do [13:58] - When you start in your 20s this might be tough but one way I started was opening a self-directed retirement account. The wealthy invest in real estate. 🏠🏠 You can do this with real estate notes or a platform like Fundrise. It doesn’t matter where you are in your investment journey. If you are a rookie or if you have experience and want to learn more - if you are in your 20’s these are 7 rules that you can 10x where you are right now. It is all about getting started! ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
401k Rollover Into Roth IRA
 
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http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/ Whenever you leave your job, you have a decision to make with your 401k plan. Typically, most people will initiate a 401k rollover to a traditional IRA. A common question that I've been getting lately is if you can roll over your 401k into a Roth IRA and how you do it. Or if you have been contributing to a Roth 401k.....then what are your choices? Let's see if I can help you make "cents" of the situation. Here's how you rollover 401k into a Roth IRA. http://www.goodfinancialcents.com/can-you-roth-ira-rollover-rules-from-401k/
How to Make $100,000 as a Financial Advisor (#likeaboss 😎)
 
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If you’re a financial advisor, then this video is for you! In this video, you’ll learn the strategic steps I took to make over 6-figures a year as a financial advisor. Much like any entrepreneur, building a business and accomplishing a dream is no quick feat. It takes hard work. And time… lots and lots of time. Becoming a successful financial advisor was not an easy journey for me… I still can remember continually hearing NOOOOOO and NOOOO THANKSSSSS over and over as I spent countless hours cold-calling people to introduce myself. (Yes, back in the days cold-calling was legal - crazy right?) Here’s what you’ll learn in this new video: ▶︎ How I got started as a financial advisor and what my process has looked like from college graduation to today. ▶︎ What exactly does a financial advisor do each day? (It’s not what I really thought it was in the beginning!) ▶︎ Why overcoming the first year of my financial advising journey was a really big victory. ▶︎ How I hustled my face off to survive my first year of being a financial advisor. And how I became the king of cold-calling. ▶︎ How I faced being told NO over and over again and how that helped to build grit within myself and paved a way for my financial practice today. ▶︎ What drove me to leave my big name firm and start on my own. ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
These 6 Rich People Habits Changed My Life (so simple you can do them, too)
 
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Today I am going to share 6 ‘rich people’ habits that I’ve adopted in my life and how my life has changed. I have seen exponential growth in my life and my business by changing a few small but impactful habits. Before I share these 6 habits I want to give you a little context as to where I was in my life and career. To give you an idea of why I needed to make some changes. So, I have been a financial planner for over 16 years. When I hit 5-6 years in my career and had reached a 6 figure income things were good. But, I felt like something was missing. 🤔 I began a journey of researching and looking at highly successful entrepreneurs. 💰 In my research I noticed that these people had some common habits. Some habits that I was not following. I was a bit skeptical but I thought I would try some of these changes and see if they had an impact on my life and career. Over time I did see an impact. My business and career saw an impact. That is where I was. Now let’s see what these six changes were that made such an impact. ➡️ 1. Go to bed early [3:11] - I changed my habit from going to bed at 12 or 1:00 am and started getting to bed earlier so that I could get up earlier. Then I started each day with intent and focus. ➡️ 2. Exercise 4-5 days per week [6:02] - Being consistent with my workouts gives me so much more focus and energy. My productivity is through the roof. ➡️ 3. Meditation and Prayer [8:33] - Spending dedicated time each day for meditation or prayer can help to reduce stress, anxiety, and has so many other health benefits. ➡️ 4. Review goals on a consistent basis [10:38] - I used to review my goals on an annual basis, and would lose focus by the first quarter. I now review my goals quarterly. ➡️ 5. Read more books [12:38] - 88% of all rich people read self-development books. I used to be ok at reading books regularly. Now I read 1-2 books every week. I also listen to books on audio when I am driving or working out. ➡️ 6. Valuing relationships [14:14] - I used to just network with business colleagues, now I participate in mastermind groups, coaching groups, and other small support groups. This gives you an outlet to share things that are going on in your life and your career. Those are the 6 rich people habits that I have adopted into my life. I can’t even emphasize enough what an impact they have had on my life. 😀 I wanted to share some of the results and not just the habits themselves. I not only saw growth and development in my personal life, I have seen tremendous financial growth in my business. Are you implementing any of these rich people habits? 🤔 I want to know which ones you do. If you haven’t, I want to know why. What is your excuse? 😀 Let us know in the comments below! ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
#1 Wealth Killer 💰❌ (screw the latte. This is WORSE)
 
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You think you’ve got it all figured out. You read the title of this video #1 Wealth Killer and you think you know exactly what this video will be about. Plus I’m at Starbucks ordering …..a Latte. For those that don’t know New York Times best seller David Bach talked about the Latte Factor in his bestseller The Automatic Millionaire. What the Latte Factor is, he would look at people’s spending, and identify things we spent money on each day. The basic deal is that you could take that money that you spend on little things each day and invest it instead. But, that is not the #1 Wealth Killer. I’m not gonna argue with David Bach, there is no question that we waste money on so many stupid things. Things like lattes, eating out, Uber rides, the lists goes on and on. But there is one thing, one payment that trumps ALL of this. This is not a little expense, it is a huge expense that so many of us are doing. I’m even going to go as far as to say - It is your fault. 🤦 So many of you have commented that you have to have this. 🚗🚗 It is your car payment. 🚗🚗 You all justify that with the ‘I need reliable transportation’ - do you really need a brand new car to get to your job? No. 🚘 It is reported that 107 million Americans have auto loan debt (about 43% of the adult population). Maybe you are one of those that think if you can afford the payment, is that really such a big deal? Well about 6 million people are 90 days late on their car payment. 🤦 Do you see why I am getting wound up about this? Ok, so let’s talk about the numbers...we are talking $1.1 Trillion in auto debt. The average monthly payment is $523/month with an average loan length of 67 months. How about a crazy idea….for those of you that think you need a car payment, does it have to be $500/month? What if you invested that $500 instead, or even got a lower priced car for $300-$400 and invested the remainder of that $500? 😀 So is there a rule of thumb that you can follow to see if you are on the right track? Yes. I created the car payment wealth-killer formula. Just so you can’t tell me I didn’t make it simple enough to understand, I have used some of my children’s toys to explain this formula. If your car payment is greater than your monthly savings, then you are destined to be broke for life. (Yes #brokeforlife) Chances are if you are watching this, you are one of the 43% of the population that is spending more on a car than you are saving. If you know someone, family, friend, or co-worker that is on pace to buy a new car - share this video with them so they don’t fall victim to this. ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Make Money Blogging 💻 : From 0 to $1,000+ per day (2018)
 
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If you’re considering starting a blog… then THIS video is for YOU! “Can you really make money blogging?” If I received a dollar each time someone asked this simple question, I would be rich. Cha-ching! 💰 ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com For some reason, people struggle to believe you can make money on the internet. And even once you get them on board, most can barely envision you making more than $20 per month. The funny part is, I actually did start out making around $20 per month. The reality is you CAN make money blogging… you just need to learn HOW to make money blogging. If your goal is earning money on the web, blogging can help you get there. And while it might take you a while to earn a solid income, it’s important to keep your eye on the prize. The first $1,000 is the hardest, but I’m here in this video showing you the exact steps it took me to reach this lucrative milestone. Here’s what you’ll learn in this new video: ▶︎ Why I originally started a blog and how I first learned that you can actually make money from blogging. ▶︎ The top lessons I learned from monetizing my blog and what steps I’ve taken to make over $1 million blogging today. ▶︎ What is SEO and what does it mean in the blogging world. ▶︎ How to work with Google Adsense to start making the M-O-N-E-Y! ▶︎ What the heck is the “Crystal Ball Method” and how did help me make almost $5k in one month? ▶︎ What is affiliate marketing and how you can increase your blogging income 10x from it. And how I select which companies I work with for affiliate marketing. ▶︎ What the Make 1K Blogging Challenge is and how I’m outlining the full blueprint for how YOU can make your first $1K Blogging. You can also check out this blog post, How to Make 1k Blogging: 📖 https://www.goodfinancialcents.com/how-to-make-1000-blogging/ Be sure to subscribe to get more tips on making more money and building wealth: 💡http://www.youtube.com/subscription_center?add_user=goodfinancialcents Want more Good Financial Cents? Check out my blog here: 🖥 https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗https://www.amazon.com/Soldier-Finance-Charge-Invest-Future/dp/0814433286 Connect with me on Twitter: https://twitter.com/jjeffrose
Fundrise Vs Lending Club 🥊 - Which Investment Made The Most Money?
 
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I today’s video I am going to take a look at two investment accounts I started earlier this year and compare to see which performed better and helped me to hack my wealth: Fundrise vs Lending Club. 📍Get started with Fundrise here: https://wealthhackerlabs.com/fundrise 💻Watch my Fundrise Review here: https://www.youtube.com/watch?v=RbA8jrqNku8 📍Get started with Lending Club here: https://wealthhackerlabs.com/lendingclub 💻Watch my Lending Club Review Here: https://www.youtube.com/watch?v=zpAi9euMCJE There’s nothing I like more than a good duel. When I can put one investment platform against the other and compare the two for you, that is awesome. So which one out performed the other? Let’s take a look. This is not necessarily an apples to apples comparison - fundrise is investing into real estate while Lending Club is peer to peer lending. These are two totally different niches/different spaces. But both are online sources and both are crowdsourcing. With Fundrise I am putting my money into a pool to share with other people investing into the same investment. With Lending Club I am loaning my money to someone that needs a loan, but I am crowdfunding that with someone else. The have some similarities, but the are still different things. I have invested an equal amount into each platform almost a year ago. My return was better with Fundrise so if I were to invest more, that would be the one I would choose. Before you saw this comparison, which one did you think would have performed better? Seeing the results in just under a year, which one would you rather invest in? ★☆★RESOURCES DISCUSSED IN THIS VIDEO★☆★ 📍Get started with Fundrise here: https://wealthhackerlabs.com/fundrise 📍Get started with Lending Club here: https://wealthhackerlabs.com/lendingclub #lendingclub #fundrise #investing ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCkNgKCu9062P0CPyVoBI5sQ?sub_confirmation=1 ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Best Roth IRA Rates (GoodFinancialCents.com)
 
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http://www.goodfinancialcents.com/best-roth-ira-rates/ One of the more common questions I get regarding the Roth IRA is, "Jeff, what is the interest rate that the Roth IRAs pay?" or "If I were to open up a Roth Ira today, what should I expect would be the rate of return?" When I hear that question it makes me realize how little people really know what the Roth IRA truly is. See, IRA stands for Individual Retirement Arrangement. It does not stand for Investment that Returns A Lot or Interest Rate Account. A Roth IRA is just a retirement vehicle you open up for retirement and then you place different types of investments inside of that. The most common confusion comes when people open up a Roth IRA at their local bank or credit union. When you open up a Roth IRA there, most typically you are going to have CDs inside that Roth IRA and the CDs are going to pay you depending on whatever the current interest rate is going on those investments. That is why people think of the Roth IRA as an interest-paying investment and it is not. If you were to open up the exact same Roth IRA at a brokerage firm or some type of investment firm, inside of that you could have stocks, bonds, or other types of investments that would pay depending on what they produce or what rate of return they did. As an example, let's say you opened up a Roth IRA at a brokerage firm and you wanted you buy an individual stock. That individual stock, depending on the appreciation or if it paid a dividend would decide what would be your rate of return at the end of the year. That is the biggest difference between a Roth IRA at a brokerage firm or a local bank or credit union. That is why I could see there would be some confusion. A Roth IRA is not an investment. It does not pay an interest rate. The rate of return that you get in a Roth IRA depends on what investments you place inside that. I hope that is a helpful tip on the Roth IRA rates of return and how to get your best Roth IRA rate. If you want more information, head over to the blog, goodfinancialcents.com. I have plenty more, and I look forward to seeing you over there.
10 Financial Goals To Conquer in Your 30s
 
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Today we are talking about setting goals. I am a certified ‘goal getter’. 😀 I am all about setting goals, reviewing those goals, and most importantly achieving those goals. 🍾 I wasn’t always like this. There was a time where I would do my New Year’s resolutions and set goals, but I usually didn’t review them until the next year. It wasn’t until I joined a business coaching program that emphasized the importance of setting and reviewing goals more than once a year. Now, it is no surprise that most rich people are reviewing their goals and making goals. Author Thomas Corley, Rich Habits, found that 62% of all rich people not just set goals but they review them every single day. When is the last time you reviewed your goals? 🤔 If it wasn’t today or yesterday then chances are you are not on that path to building financial freedom. I know it can be hard to believe that you can become rich. We are conditioned to believe that we are stuck where we are now. I want to challenge you that you are not Stuck! You don’t have to be poor the rest of your life. You can achieve wealth, you can achieve freedom. It all starts with setting goals and working towards achieving them. 😀 Today I am going to give you my top 10 financial goals that you can start working on today. ➡️ 1. Have plenty of cash on hand [2:23] - We want to work towards $1,000. ➡️ 2. Have a debt reality check and a debt payoff plan [4:10] - You may think it is impossible to become debt free. It’s not, but you have to have a reasonable payoff plan. ➡️ 3. Plan an early retirement [5:21] - You have to decide when you want to retire, and then determine how much you need to save. Then, you have to start investing. ➡️ 4. Seek out mentors to help with your wealth building goals [7:34] - Whatever lifestyle you want to achieve, who do you know that has the level of success that you would like to emulate. ➡️ 5. Get your insurance in check [8:25] - Make sure you have the right kind of insurance to save you from financial catastrophes. This could include life insurance, auto insurance, homeowners insurance, etc. ➡️6. Build Multiple Streams of Income [9:41] - This is not something that happens overnight. You have to put in the work and build a business that allows for these multiple streams of income. ➡️ 7. Finding Content with what you have [12:53] - You have to learn to live on less. Be happy with what you have and don’t feel like you need to constantly buy the newest biggest things out there. ➡️ 8. Give Back [14:39] - Giving back could include donating money, time, or knowledge. You can help others achieve success. ➡️ 9. Get your financial house in order [15:32] - Do you have a will? Do your loved ones have access to your accounts? Make sure all of this is in order. ➡️ 10. Do the work you love [16:18] - Have an understanding of what brings you joy. Then start working towards doing the work that you love. Those are my top 10 wealth building goals. If you are 20-30 years old and you don’t know where to start...I’ve just given you 10 goals to start on right now. 😀 Maybe you already are working on some of these goals? If so, let me know where you are in your process. What have you achieved? What are you struggling with? 🤔 Let us know in the comments so we can help you achieve them. ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
The #1 Account All Wealthy People Have (the $102 million secret)
 
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Today we are going to talk about a *special* type of account. It is the type of account that you have to have if your goal is to become wealthy. I want to answer some questions like - what is this account - what makes it so attractive - and why or how are wealthy people taking advantage of it. With those that are familiar with how to build wealth, you often hear they invest in real estate, they are entrepreneurs, they are investing into companies, private equity…..you hear all these different ways that they are building wealth. And all of these are true. But the one thing you have to realize is it is not just what they are buying, but how they are buying it. You always hear that the rich always take advantage of all the loopholes and tax breaks, and there is some truth to that, but these are not secret things. These are all things that are public information. I share all of this because this is what led me to opening the type of account that I opened. It is a self-directed 401K Plan. Now you can have a self-directed 401K or a self-directed IRA. We will talk about that a little more. All of this became popular back when Mitt Romney was running for office. When it became public that his personal IRA was worth over $102 Million. This was phenomenal - you know there are limits to how much you can put into an IRA annually. Right now that number is $5,500. So with these limits in place, how do you grow an IRA to that magnitude? 💵 A self-directed IRA or 401K is an account that you have full discretion over choosing where your money is invested. There are two things you cannot invest into with an IRA and those are Life Insurance and Collectibles. So what can you invest into? Real estate, Gold, options, hedge funds, limited partnerships, tax liens, private stock, and international real estate are all options. 🏡 Right now there are only 47 custodians that will let you open a self-directed IRA or 401K. Out of that 47, a lot of them do not offer all of these choices. There are over 791 Individuals that have IRA balances between $10 and $25 Million. All of these figures are from 2011, so I am sure the numbers have grown since then. So what’s the catch? What are the risks in having one of these accounts? The first risk is cost. You can expect to pay a lot higher fees for this type of account. Another concern is IRS filing requirements, meaning there are more stringent regulations you have to follow. The third is prohibited transactions, some examples would include using IRA money to purchase your personal property or a vacation property. So the investments within a self-directed 401K and IRA are the same, the difference is the amount of money that you can put into this account. With the IRA the max you can put in per year is $5,500 so if you want to invest in real estate it will take quite a while before you have enough money to make that type of investment.👛 Having my own business I was able to invest in my own self-directed 401K and the investments that I make inside of that include peer-to-peer lending, real estate notes, and things like that. But because I am a business owner and I have a 401K, I am able to put in a lot more money than that $5,500. There are some years that I am able to put in up to $50,000. With my wife also as an employee, we are both able to max out our accounts. 💰💰 I am more or less just sitting back waiting for these opportunities. I know they are coming and I know I can write a check when these investments come up. That is what makes this type of account more powerful. You don’t have that flexibility with eTrade or something like that. I hope you enjoyed the video! I am curious, have you ever considered opening up a self-directed IRA or 401K? Do you already have one established? I want to hear your experiences and hear what you have learned while setting up your account. ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
10 Financial Choices You'll Regret in 10 Years (🤦please don't do these)
 
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In this video you’ll get a behind the scenes look at the regrets I’ve made financially. This one is going to hurt… because what’s worse than making a mistake? More on that in a minute.... ★☆★Resources Mentioned in this video:★☆★ 💲💲Net worth and wealth tracker: Personal Capital https://www.goodfinancialcents.com/resources/personalcapital-youtube-financial-choices-regret-in-10-years.php Savings Account with Awesome Sign Up Bonus: Chase 🏧https://www.goodfinancialcents.com/resources/chase-youtube-financial-choices-regret-in-10-years.php Get a Life Insurance Quote in Minutes with Haven Life: 👨‍👩‍👧 https://www.goodfinancialcents.com/resources/havenlife-youtube-financial-choices-regret-in-10-years.php Awesome Robo Advisor: Betterment ✴️ https://www.goodfinancialcents.com/resources/betterment-youtube-financial-choices-regret-in-10-years.php Cheap Online Brokers: Ally Financial 📍https://www.goodfinancialcents.com/resources/ally-youtube-financial-choices-regret-in-10-years.php TD Ameritrade 📈https://www.goodfinancialcents.com/resources/tdameritrade-youtube-financial-choices-regret-in-10-years.php Back to the story... The REGRET that follows making a mistake. What’s the biggest financial mistake you’ve ever made? Here’s what you’ll learn in this new video: ▶︎ (00:49) What’s the worst financial mistake you can make? Not starting a budget. ▶︎ What’s one of my favorite budgeting tools? ▶︎ (02:14) How not paying off your credit card each month is really going to pack a punch. ▶︎ (03:30) Have you done this? Purchase a financial product or package you really don’t know all the details about. Here’s how to avoid making that mistake like I see so many others do. ▶︎ (04:45) Why you should have an emergency fund and how to not neglect it. ▶︎ (06:14) How and what kind of car I think you need to buy. Hint: It’s not a NEW car that cost you tons of interest. ▶︎ (07:48) What’s a bad idea? Trying to be a DIY investor when you really have no idea what you are doing. ▶︎ (09:53) Why insurance policies are not ALL lame. And what insurance policies I think are NOT a financial mistake. ▶︎ (12:04) How treating your retirement like a distant cousin is a really REALLY bad idea. ▶︎ (13:36) Are you married? Did you have a conversation with your spouse about money? debt? savings goals? ▶︎ (14:25) How to avoid being blind to your reoccurring expenses... because those can add up. ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
No Fee Roth IRA: Scottrade Brokerage Review - How to Open an Account with Scottrade
 
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To Open a Scottrade account go here: http://www.goodfinancialcents.com/scottrade-account
6 Lies About Investing People Actually Believe 😱
 
09:44
In today’s video I am going to talk to you about taking action to invest in the stock market and start hacking your wealth. There are 6 investing lies that are commonly told regarding investing that I want to debunk right now. 😄 ➡️1. Investing is risky [1:12] - Yes, there can be risk involved with investing but on average you are more likely to make a 7% return on your investment. ➡️2. I will lose all of my money [2:52] - Really? If you put all of your money into one thing, I guess you could lose it. ➡️3. It is way too complicated to invest [4:22] - You need to understand what you are putting your money into, a financial advisor can help with this. ➡️4. It is too time consuming [5:44] - It doesn’t take hours to open an account and start investing. ➡️5. I need to know a lot about investing [6:23] - With today’s platforms you really just need to know your investing style. ➡️6. You need a lot of money to start [7:34] - You don’t need thousands and thousands to start investing. As you can see you don’t really have to have a lot of time, money, or experience to get started investing and building your wealth. You just have to get started. Which investment lie do you believe that has prevented you from taking action? Let us know in the comments. After you share that, let us know what you did to take action and change your situation. ★☆★RESOURCES MENTIONED IN THIS VIDEO★☆★ 🎦 5 Biggest Investment Ripoffs https://youtu.be/NSA8dFzeDuI 🎦 M1 Finance Review https://youtu.be/bLSK1HoVrY4 Fundrise: 📰https://www.goodfinancialcents.com/fundrise-review-how-to-invest-in-corporate-real-estate-with-a-small-investment/ M1 Finance ✅https://jeffrose.com/mm1 Betterment: Best Investment Option Where They Pick Investments For you: 📈 https://www.goodfinancialcents.com/resources/betterment-youtube-1-month-passive-income.php ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCkNgKCu9062P0CPyVoBI5sQ?sub_confirmation=1 ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗 http://amzn.to/2xOH78V ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
M1 Finance Review (how to open account and make 1st investment)
 
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Today’s video will show you how to open an M1 Finance account and get started with as little as $100 to start building wealth. ▶︎▶︎You can open your free account by using this link (aff): ✅https://jeffrose.com/mm1 One of the most requested videos that you have been want me to do is to review different platforms or investment applications. I am going to review the most requested, M1 Finance for you. Why is this one so highly requested? Well, you can buy stocks and ETFs and there are NO transactions costs. No trading fees, no account fees, and no costs involved when you make your first trade. To have an investment platform like M1 Finance that allows you to buy a stock with zero transaction costs, is huge! That’s why I want to share some of the benefits and the pros and cons. They are still a bit new, they started in 2016, but they already have over $100 Million in assets that they manage and are growing rapidly. What types of accounts can you open? You can open individual, joint, trust, or retirement accounts. You can do after tax with individual and joint accounts or as a retirement with Roth IRA. Other than having zero trading costs/fees, I like that you don’t have to have any money to open an account. You can’t make your first investment until you have at least $100 in that account. For a retirement account they want you to have at least $500 in a traditional or Roth IRA before you make your first investment. Either way, that is not a lot of money to get started. With M1 Finance, the don’t just sit on your cash. You are going to go ahead and make your selections or your trades. Once you have more than $10 sitting in cash they are going to place those trades for you. I set up an account with $1,000, I set up a few stocks and ETFs. When I deposited that $1,000 within two business days they set up those trades for me. I already have ownership in those stocks and ETFs. You’re money is going to work for you not just sit in cash making zero interest. So, what type of investments do they have? Any stock that is traded on the NASDAQ, NYSE or BATS - you will have access to all of those. All the big players. The other thing they offer is investment PIES. They are basically ETF portfolios that they have built for you. You can choose from aggressive to conservative. I think on average you are looking at 7 to 9 ETFs. Most of these are Vanguard ETFs. This really compares to Betterment or Wealthfront where if you are not comfortable picking, you can select one of these PIES. Where it is different - Betterment will ask questions so they can assess what risk level is right for you. With M1 Finance, you will have to select your own risk level. If you know if you are low risk or high risk you can choose the PIE that fits your needs. There are no fees to rebalance or change those PIEs when you want. What they do NOT have is the penny stocks, Mutual Funds or Cryptocurrencies. You are not buying options on this platform. You are not buying annuities. This niche is buying and selling individual stocks and ETFs. This is how they keep from charging you those fees. You can buy fractional shares of stocks through M1 Finance. You can’t do that with a lot of local or online platforms. If you only have $100 to get started, you can buy a fraction of a share of stock, like Amazon at $1,200/share. So how do they make their money? One of the most common ways is by lending securities. It’s very similar to the way banks make money. They also do margin loans. Other investment platforms do the same thing. How safe are they? They do not offer FDIC insurance (you will only get that with a bank). You WILL get SIPC insurance up to $500,000 and $250,000 of that can be cash. The investments you are making inside the platform is not in M1 Finance - you are investing in stocks and will still have access to those investments. ➡️ 14:00] You can watch me open an account in the video so that you will know how each step will look. If you’ve opened an account with M1 Finance, I would love to know what your experience was like. Let us know in the comments. ▶︎▶︎You can open your free M1 Finance account by using this link (aff): ✅https://jeffrose.com/mm1 ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
My Lending Club Investment Review (what I did wrong 😭)
 
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This video shows you all of my LendingClub accounts and what I did wrong and how I plan to fix it with my new LendingClub account. Get started with LendingClub here: ➡️https://www.goodfinancialcents.com/resources/lendingclubinv-youtube-get-started-with-lc.php Do you really want to loan money to family or friends and risk having them not pay you back? 😲 What if you could loan your money to a stranger instead (and make interest)? 🤔🤷 ➡️ That is what peer-to-peer lending is all about. One of the largest peer-to-peer platforms is LendingClub. In this video I will show you how you can use this platform as an additional investing tool. Lending Club is an online peer-to-peer (P2P) lending platform that takes the banker out of banking. Investors lend money directly to borrowers through the website, enabling both to benefit from the rate of interest established for each loan. And just as important, the entire transaction happens online, eliminating the need for sometimes embarrassing face-to-face meetings common with bank loans. 😳 It’s a win-win as both the investor and the borrower benefit from the LendingClub process. ➡️ There are two ways to invest with LendingClub. Manual investing is where you browse available loans and choose which ones you’ll invest in one at a time. 💻 But you can also use automated investing in which you set investment criteria, and notes are selected automatically based on that criteria. ⁉️ Like any investment there are some risks. It’s important to realize investments held through LendingClub are not bank assets, and as such they are not insured by the FDIC. Individual loans can go into default, and if they do, you will lose that portion of your investment. In addition, a missed payment by a borrower means you will not get the payment on that loan in that particular month. LendingClub does use “best practices” to collect payments from delinquent borrowers, but some will default nonetheless. You can also hold LendingClub investments as part of an individual retirement account (IRA). You can do this through a LendingClub self-directed IRA. LendingClub will pay the annual IRA fee if you open the account with a minimum of $5,000 and keep that balance level for a minimum of 12 months. Read more about LendingClub on my blog here: https://www.goodfinancialcents.com/lending-club-review-for-investors-and-borrowers/ Learn more about peer to peer lending here: https://www.goodfinancialcents.com/peer-to-peer-lending/ ➡️ Get started with LendingClub here: https://www.goodfinancialcents.com/resources/lendingclubinv-youtube-get-started-with-lc.php Disclosure: I receive compensation from LendingClub for anyone that signs up through my affiliate links. The results shown here are specific to my personal accounts and may not be representative of the experience of other LendingClub investors and are not a guarantee or indication of anyone else’s performance or results. ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Credit Score Scale - What is a Good Credit Score?
 
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http://www.goodfinancialcents.com/credit-score-scale-what-is-a-good-credit-score/ Credit Score Scale - Are you confused about what a good credit score is and how to determine if you have a good credit score scale? I know I was! I wasn't aware that there was multiple credit scores - FICO, consumer education, mortgage - it gets really confusing. Here's a quick look on how to figure if you have a good credit score scale and if you need to improve it. http://www.goodfinancialcents.com/credit-score-scale-what-is-a-good-credit-score/
Alternatives to Investing into the Stock Market
 
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http://www.goodfinancialcents.com/stock-market-alternatives-investing/ Stock market got you down? Are you looking for alternatives to investing in mutual funds, stocks and bonds? If so, you're in luck! Here's a look at some stock market alternatives that you can do with your money.
The FOMO Trap - Guaranteed to Make You Broke (WHW #27)
 
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In today's video we are going to talk about FOMO - the fear of missing out. Don't be afraid of missing out. Welcome to another wealth hack Wednesday and the one thing I can say is don’t get caught up in FOMO! Fear of Missing Out! There are all these opportunities and if you don't act now you are going to miss out on an opportunity of a lifetime. Have you heard that before? Have you felt that before? The one I want to talk about real quick, because you’ve probably seen a lot of videos before about CRYPTO...Crypto currency and all that jazz. Now is cryptocurrency a viable investment…..it could be. If you are rushing in to get all your money in because you are scared. If you don’t act now...you are going to miss out. That is not how you build your wealth. If FOMO is the only reason….you are taking your hard earned cash, you don't understand, you are not hacking your wealth. You are hacking your way to poorness. Do not let FOMO dictate when you are making an investment. ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCkNgKCu9062P0CPyVoBI5sQ?sub_confirmation=1 ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCkNgKCu9062P0CPyVoBI5sQ?sub_confirmation=1 ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Should You Hire a Financial Advisor/Planner - Interview Questions(GoodFinancialCents.com)
 
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http://www.goodfinancialcents.com/how-to-choose-hire-the-best-financial-advisor-planner-for-you/ Wondering if you should hire a financial planner? Today I want to talk a little about interviewing a financial planner. So you have come to that point in your life where you have realized that you cannot do it alone, that you need to plan for retirement, but you just don't quite get it, so you need to find an advisor to help you along the way. Whenever you actually sit down and meet with that person, here are just some general guidelines and questions you can ask that person to find out if he or she is the right fit for you and whether you should hire them. So, if you are heading out and going to meet with that financial planner for the first time, I wish you luck. Take a notepad with you to ask questions. If that question you ask brings on more questions, then ask them because you want to make sure that you walk out of there with a clear, concise understanding of the whole process, how it all works, how he or she is going to get paid, how he or she is going to take care of you, and how he or she is going to take care of your money.
Should You Rollover Your 401k Into an IRA? (www.goodfinancialcents.com)
 
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http://www.goodfinancialcents.com/ira-401k-rollover-consolidation-super-ira-strategy/ Today I will answer a common question I get from a lot of people. Do you have a situation, you are working somewhere, you change jobs, either decided to go somewhere else, you were laid off or you were fired. Whatever the reason, if you've been there for awhile you most likely participated in the 401(k) plan. Now that you have left that job and you have started your new job, you have to make a very, very important decision on what to do with that 401(k). The common question I get is this: Jeff, I've got my 401(k). Does it make sense to roll over into an IRA. Depending on your situation, most likely I will say yes, but there are some instances where it could make sense to roll it into your existing 401(k), which I will address in another video. Today I want to make the case why you should at least consider rolling over the 401(k) into an IRA. First and foremost, you want more investment choices. Most commonly what I see in most 401(k) plans you are going to have approximately 12-15 investment choices to choose from. I have seen some bigger plans that are going to have 40, 50 or maybe even 60 investment choices, but generally that is what I see. If you take that money and roll it over into an IRA, instead of just having those 12-15 investment choices, now your just opened up to the world of all the different investment options that you have. If you want to invest into individual stock, you can do so in the IRA. Most likely, you weren't allowed to do that in your 401(k). That also applies to other investments that you will be able to invest in too. For me, first and foremost, that was the number one sole reason why you should at least consider rolling over your 401(k) into an IRA. There are some other reasons. Number two: What about the simplification of your life by the consolidation of paper and account statements. I can remember one particular case, where I had a client. We sat down and he had seven different 401(k) plans. Imagine getting seven different quarterly statements and trying to sort through it. Not only that, but also trying to keep track of the investment strategy of what is going on with those seven different 401(k) accounts. By rolling over to an IRA, and now you're being able to consolidate into this one account and if you change jobs several times, why not consider consolidating and simplifying your life. I'm all about less paperwork. Less paperwork equals more efficiency and easier to keep track of what is going on in your financial life. Number 3: Another aspect you want to consider rolling over into an IRA, especially if you are approaching on your retirement is being able to control your retirement income. Typically, when you take a distribution from a 401(k) plan, they are going to withhold the standard 20% tax withholdings. Once you roll over to an IRA, you have some discretion, as far as how much taxes you want to be withheld from your distributions. When it comes to retirement planning and income planning, the less that you have to pay upfront to Uncle Sam, the better. Now, in the first year retirement, it is a little bit harder to determine what the exact tax may be, but typically after I have been working with a client for a year or so, we can kind of gauge how much taxes we need to withhold from our distributions to make sure that we have taken enough out for the end of the year. Another consideration regarding distributions from IRAs and why you should roll over from your 401(k) is if you are approaching 70-1/2. Once you hit age 70-1/2, you have to start what's called required minimum distributions. Within the IRA, now you have discretion, as far as what investments you want to liquidate or remove from the IRA. Maybe there is something that is not performing as far and you would like to take that or liquidate it out of the IRA. With the 401(k) and those limited investment choices, you are not going to have as much say on what gets liquidated.
The 3 BEST Habits to Get Rich (stop being BROKE)
 
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Do you feel like you will never become rich, no matter how hard you work? Chances are right now you are living paycheck to paycheck, just waiting for Friday to get here so you can pay your bills. 🏚️ As a general rule, we don’t like to do things that make us uncomfortable. We like to do things that make us feel safe and comfortable. I had an opportunity to be mentored by rich people. I was very fortunate to be able to learn their life lessons and the habits they have. 🤑 I learned that being broke is not a choice, it is a mindset. 🤯 The reason you can’t get ahead is you have broke people habits. Let’s talk about the 3 essential habits that you need to get rich. ➡️ 1. Live each and every single day with a purpose. Wake up knowing what you are going to conquer. ➡️ 2. Eliminate anything toxic from your life. This can include negative thinking, negative habits, and negative people. ➡️ 3. Focusing on the 1%. You have to continue improving yourself even if it is only 1% every day. Becoming rich doesn’t happen overnight, it takes work - every-single-day. If you want to stop being broke, you have to change who you are TODAY. 🗓️ Start implementing some of the daily habits and get out of the rat race. #richhabits #brokemindset ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://wealthhackerlabs.com/subscribe ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
2019 Grow Your Dough Challenge 🤑
 
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You asked for it! The Grow Your Dough Challenge for 2019 begins right NOW! I did this several years ago with fellow bloggers. We took $1,000 and invested into what we wanted. It was a fun challenge. But it was also a great way to show people how to get started. I am going to show you different investment platforms that I opened my accounts with, I'm going to talk about the strategies that I will use, and I'm going to highlight some fellow YouTubers that are taking part in this challenge. So let's start by looking at some of the investment platforms where I will open my accounts for the Grow Your Dough challenge. There are 9 different accounts that I will open. ➡️ 1. Fundrise [3:40] - A crowdfunding real estate platform. ✅ https://wealthhackerlabs.com/fundrise ➡️ 2. LendingClub [3:53] - Peer to Peer Lending ✅ https://wealthhackerlabs.com/lendingclub ➡️ 3. M1 Finance [4:12] - This allows you to buy individual stocks (and fractional shares) without trading costs. (I am going to use the FANG method). ✅ https://wealthhackerlabs.com/M1Finance ➡️ 4. Robinhood [5:14] - A very popular investment platform that allows you to buy stocks with zero commission and trading costs. (I'm going high risk here). ➡️ 5. E*Trade [6:02] - One of the legacy online brokers. (I will be selecting dividend stocks). ✅ https://wealthhackerlabs.com/ETrade ➡️ 6. TD Ameritrade [6:44] - Another tried and true platform. (I am going to invest safely here). ✅ https://wealthhackerlabs.com/TDAmeritrade ➡️ 7. Ally Invest [7:49] - They used to be Trade King and Ally bought them out. (I'm going to let my wife pick the stocks here). ✅ https://wealthhackerlabs.com/AllyInvest ➡️ 8. Betterment [8:40] - I talk a lot about this platform because they allow you to open an investment account without having to pick the stocks. (I will be letting them pick my investments). ✅ https://wealthhackerlabs.com/Betterment ➡️ 9. Coinbase [9:28] - Ok maybe I am giving in to peer pressure, but I'm buying crypto. ➡️ 10. Side Hustle [11:25] - Instead of investing in stocks, I am going to take $1,000 and do some side hustles. I think I am going to start with re-selling shoes! ➡️ 11. Family investing [10:29] - I am going to open up investment accounts with my kids. I will use this as a teaching moment to show them how to track these investments. Those are some of the investments I will be making during this challenge. Now let's have a look at some of the fellow YouTubers that are joining this challenge: Joseph Hogue https://www.youtube.com/channel/UCbKdotYtcY9SxoU8CYAXdvg Sarah Wilson https://www.youtube.com/budgetgirl Ryan Scribner https://www.youtube.com/c/ryanscribner Nate O'Brien https://www.youtube.com/nateobrien Bob Lotich http://youtube.com/c/seedtime Allison and Matt Owen https://www.youtube.com/c/owenyourfuture Marko Z https://www.youtube.com/whiteboardfinance Will Armstrong https://www.youtube.com/channel/UC5xhh7eQntjsC6e7yq8P4bg Graham Stephan http://www.youtube.com/c/grahamstephan Justine Nelson https://www.youtube.com/debtfreemillennials David Pere https://www.youtube.com/c/frommilitarytomillionaire/ Tela Holcomb https://telaholcomb.com/youtube Antonio https://www.youtube.com/babyinvestments This is the beginning of the Grow Your Dough challenge for 2019. I will be sharing more videos behind the scenes of me opening these accounts and tracking the progress of my investments on each. #growyourdough #buildwealth ✅ M1 Finance Review 🎦 https://youtu.be/bLSK1HoVrY4 ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCkNgKCu9062P0CPyVoBI5sQ?sub_confirmation=1 ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Yes, You Will Stay Broke Without These
 
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If you don’t know this yet….goals are important. If you are not tracking your goals, you are not going to get wealthy. Just not going to happen. I recently implemented goal setting and tracking with my children as part of their weekly chores. 📓 My oldest son did a good job of creating specific measurable goals. 😄 Take a page from my son and sit down and write out your goals. If you are going to get wealthy your goals have to be specific and they have to be measurable. 📏 Go conquer your goals! 🧗 #setgoals #goaltracking ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://wealthhackerlabs.com/subscribe ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
8 Real Estate Investing Strategies (without actually managing properties)
 
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Real estate investing has never been easier..... We all know that if we want to build wealth, we can’t do it by investing $100 a month into a mutual fund. Well, yes you will do it over time -- and build wealth in the long run. 💵💵 But, for those that are building wealth a lot quicker; they are doing things differently. =========== Of all the options I shared, #8 is the one I'm excited about: Fundrise. It's an online crowdfunding option that allows you to get started for as little as $500. That's it! You can read more about Fundrise here: https://www.goodfinancialcents.com/fundrise-review-how-to-invest-in-corporate-real-estate-with-a-small-investment/ Or you can open account here: ✅https://www.goodfinancialcents.com/resources/fundrise-youtube-how-to-buy-real-estate.php =========== One of the things you hear most often is people building wealth by investing in real estate. Real estate investing can be intimidating and risky. I am going to share with you my Top 8 ways to invest in real estate -- without managing properties. 🏘️ ➡️ 1. Exchange Traded Fund (ETF) [1:59] This is kind of like mutual funds - but they track specific markets. They are not actively managed and focus on meeting market averages. Vanguard Real Estate Fund is a popular choice but there are lots of options. ➡️ 2. Real Estate Mutual Funds [6:12] These have a focus on real estate and work to outpace what the average is. They are actively managed so you can expect some higher fees. But, you should expect a higher return. ➡️ 3. Real Estate Investment Trusts (REITs) [9:03] A REIT is a company that specializes in real estate. They own and usually operate income-producing real estate. This could include commercial properties ranging from apartments and shopping malls to warehouses and hospitals. ➡️ 4. Invest in a Real Estate Focus Company [12:25] An example of this type of company would be ReMax. These companies help you buy and sell homes or commercial properties. ➡️ 5. Invest in home construction [12:45] These companies do not manage properties. An example of this type of company is Pulte Homes. There are hundreds of these companies - I’m sure you can find one in your area. ------------------- Online Brokers to Buy ETFs, Mutual Funds or Stocks: TD Ameritrade ✅https://www.goodfinancialcents.com/resources/tdameritrade-youtube-how-to-buy-real-estate.php ETrade ✅https://www.goodfinancialcents.com/resources/etrade-youtube-how-to-buy-real-estate.php Ally Financial ✅https://www.goodfinancialcents.com/resources/ally-youtube-how-to-buy-real-estate.php ➡️ 6. Hire a property manager [14:22] You can buy a house, duplex or apartment complex to generate rental income. But who wants the headache of dealing with that? Hire a property manager to take care of all of the details for you. ➡️ 7. Real Estate Notes [16:33] A private real estate note requires you to lend money to individuals that buy properties and fix them up to flip or rent. ➡️ 8. Online Real Estate Options [17:32] This is my favorite! You can get into this for about $500 and you can do it all from your computer at home. My favorite company for this right now is Fundrise. The process is similar to peer-to-peer lending but you are not investing into notes or loaning people money. Instead, you are pooling your funds with others. ========= 🏘Online Real Estate Investing with Fundrise ✅https://www.goodfinancialcents.com/resources/fundrise-youtube-how-to-buy-real-estate.php ========== 🙁 Have you had a failed real estate investment like me? 🤔 Have you ever considered investing in real estate? Please share in the comments below - and if you are interested in any of these options, please let me know! ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Best Short-Term Investment Options (for high return 🚀)
 
08:28
⁉️ Does this sound familiar: You've got some money sitting around in cash and you want to invest it and make a decent return. BUT 💭 you don't want to tie up your money too long 💭 you don't want to lose it Are there opportunities that even exist in today's low interest environment for short-term investing? There are a ton of you that are in this same situation with money sitting in cash- but you don't know what you options are. Today I am going to talk about this very topic in response to a reader question I received. 💻 My reader, Tien asked "What is the best thing to do with my money for short-term grown when I still want accessibility?" I offered a few tips for Tien: ✳️ Even with low interest rates, keep enough in savings for emergencies ✳️ Don't be tempted by short-term growth ✳️ Peer-to-peer lending is not a short-term investment ✳️ Exchange Traded Funds (ETFs) - They are low cost and offer a variety of options. Keep an emphasis on short-term bond ETFs in the 1-3 year range. You can get all the detailed information on each of these options in the video. 😉 ➡️ You can start your Betterment account here: https://www.goodfinancialcents.com/resources/betterment-youtube-invest-10k.php ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Best Retirement Plans for the Self-Employed
 
05:00
For all the self-employed people out there, I'm with you. How can you save, plan for retirement and invest when you don't have the traditional corporate business structure? Here's my best plan of attack for making the best use of every dime.
Can’t Build Wealth Unless You Track This (WHW #7)
 
04:41
Sign up for a free Personal Capital account here and track your net worth: 👉🏽https://www.goodfinancialcents.com/resources/personalcapital-personal-capital-review.php What’s going on everybody? Back with another Wealth Hack Wednesday! If you have been checking these out, Thank you. 😀 I really enjoy putting out this content. Today I want to talk about the number one thing you need to be tracking if you are serious about building your wealth. Many people get stuck on where to get started investing, what they should invest in, or how their investments are doing. That’s not bad. But the reality is, if you want to build your wealth and become wealthy, you have to start tracking this one thing. Your Net Worth. 💰 So what is your net worth? That is your Assets (minus) your Liabilities (expenses, etc) and that is your Net Worth. 💲 So a lot of people think ‘Well, I have $50,000 in the bank - Woo Hoo! Well, you also have things like car notes, mortgages, and loan debt. Chances are you have a negative net worth. A lot of people don’t know that -- because they don’t want to know. They are too busy thinking about how much they are investing and saving that they don’t consider how much they OWE others. It is important information to know. 98% of people have no idea what their net worth is. So, how do you track your net worth? Well, there are lots of ways - but I want to share one of my favorites. It is with a free App called Personal Capital - anyone can download this App. All you have to do is sync all of your checking, savings, and investment accounts. You can also sync some of your debt accounts. Personal Capital will tell you every single day, what your net worth is. 💰 So if your net worth is increasing or decreasing, it will let you know. Personal Capital will update your net worth based on increases in market value or even if you withdraw money from your checking account. 💲💲 Now it is free - but of course they are a business so they will most likely reach out to you to try to sell you something. Like financial planning or something like that. You can just decline the offer, or even ignore the calls. That is my Wealth Hack Wednesday tip for you today! Stay tuned for next week’s Hack! 😀 ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
I had to get over this mental block for success
 
03:17
Welcome to another Wealth Hack Wednesday, this one from NYC! I just wrapped up a video shoot, and I was thinking - every time I have been to New York it has been because someone has paid me or was recruiting me. 💰 Each time I have been paid to come here as part of a brand deal or a sponsorship. So I was thinking, what lead to this? How did I get these opportunities. I put myself out there. ⭐ I've said before that your 80% is someone else's 100%. Often we don't put things out there, like blog posts, courses, or books, because we don't feel like they are perfect. There is no such thing as being 100% perfect. 🙂 So, if you feel that something you are working on is at 80% to your satisfaction, put it out there. Launch it, publish it, advertise it. 👌 All of the deals that I got were because I have published my blog and I have put out YouTube videos, even if they weren't perfect. 📹 I've gotten better with my content, my video quality, etc. But I put it out there years ago when the quality wasn't as good. Don't wait until it's perfect. When you put yourself out there you will open up all types of opportunities. #your80percent #wealthhackwednesday ✅ This One Thing Prevents You From Achieving Success 🎦 https://youtu.be/xyli3DFuVWc ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCkNgKCu9062P0CPyVoBI5sQ?sub_confirmation=1 ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
4 Ways To Fix Your Finances (in 15 minutes or less)
 
16:28
Do you know what I love? I love when people tell me that they are TOO busy. They just have too much going on to care about their finances. There is just enough time in the day to get their finaces in order. I don’t buy it. We are all busy. We all have responsibilities and things we have to take care of. One of those things is our financial life. Only 39% of Americans have enough savings to cover a $1,000 emergency. It doesn’t take a lot of time to get your finances back on track. In fact today I am going to share with you four 15-minute fixes that you can do to get your finances in order today. This probably doesn’t come as a shock that many of us struggle with credit card debt. But even worse, one of the things that is often overlooked is something that you can check in less than 15 minutes. This is item No. 1. ➡️ 1. Credit Report/Credit Score [1:36] - You are probably wondering why does that matter? 1 out of every 5 people have an error on their report. ➡️ 2. Start an Emergency Fund [4:07] - Life is going to happen. You are going to need some money tucked away in savings to be able to take care of things that may pop up. 💰 ➡️ 3. Start a Roth IRA [6:26] - This is going to give you Tax Free money at retirement. 📈 But, you can still get to it before retirement if you need to. ➡️ 4. Simplify [11:12] - How can you simplify your finances? Unsubscribe from all the crazy emails that are constantly trying to sell you things. 📧 You also want to close all of your old accounts. 📍Sign up for a free account with Personal Capital here: https://www.goodfinancialcents.com/resources/personalcapital-personal-capital-review.php That is the list of four 15-minute financial fixes. I’m pretty sure you can knock all of those out in less than an hour. I probably even missed one. What is your 15-minute financial fix? 🤔 What was one thing that you were able to implement in your financial life that took less than 15 minutes? Let us know in the comments so we can all benefit! ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
5 Biggest Investment Ripoffs to Avoid ❌(shady scam alert)
 
23:55
Don't get ripped off by these shady investments that are basically scams in disguise. I've seen too many people financially wounded from buying this crap. 😠 There is nothing worse than getting ripped off, losing money to something you shouldn't have bought in the first place. Because someone misrepresented something and sold it to you just to make money. Being a financial advisor, I’ve seen so many people that have bought investments that they shouldn’t have. They didn’t understand it and their advisor sold them something that they didn’t need. Thankfully, you are watching this video and I want to prevent you from being Ripped Off! I am going to highlight the 5 biggest investments to avoid because I don't want you to lose your money. ➡️ 1. Loaded Mutual Funds (A Shares) [1:39] - These are mutual funds that when they are sold the advisor or broker that sold them are going to make a commission for that sell. ➡️ 2. Actively Managed Indexed Funds [6:01] - This is one of the most common investments that people get into when they start investing. ➡️ 3. Non-traded REIT’s [9:51] - REIT’s can be a good investment - but Non-Traded REIT’s are different, the are “Illiquid” meaning you can’t cash out your money until it comes due (which could be 10 years or longer). ➡️ 4. Whole Life Insurance [14:14] - It is not 100% bad, but for the most part investing in whole life insurance is not a good move. Buy a term policy, it is so much cheaper! ➡️ 5. Indexed Universal Life Insurance [19:05] - These policies may make sense if you have maxed out your 401K and Roth IRA. So what is it? It is a policy that is tied to some sort of index, so you are subject to what the index does. You can make a lot of money if you chose to invest wisely. There are so many scams, and so many ripoffs you can avoid. Have you bought one of these investments? Have you been ripped off? Have you bought an investment, that I didn't’ mention, and feel like you’ve been ripped off? 😤 Let me know in the comments. Let me know what you bought and how you got ripped off. ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
7 Money Mistakes in your 20's [that Will Ruin Your 30s]
 
10:59
Today I want to share 7 financial moves that you want to make in your 20s so you don't ruin your 30s. I had a great time in my 20s. I also made a lot of really dumb money mistakes. 😄 Some of those mistakes I regret and the others really taught me a great lesson. So the 7 financial moves you need to make in your 20s are: ➡️ 1. Debt denial [1:49] - If you have no idea how much debt you have or how much interest you are paying on that debt, you need to find out now. ➡️ 2. Start investing [3:01] - I don't care what you invest into, you have to start somewhere. ➡️3. Stop playing it safe [3:49] You cannot play it too safe like don't invest in cash. ➡️4. Pretending you are Grant Cardone [5:04] - Stop buying stuff that you can't afford just to impress people. ➡️5. Not setting crazy enough goals [6:08] - Don't let other peoples negativity affect you. Set BIG goals. ➡️6. Being afraid to fail [7:40] - Put yourself out there and be prepared to fail forward. ➡️7. Starting your first side hustle [8:50] - Learn how to generate additional income. Your 20s can be an amazing time. Put yourself out there and see what works. If it doesn't work, start over, you have plenty of time on your hands. 🕰️ #financialmoves #dreambig ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://wealthhackerlabs.com/subscribe ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
5 Ways to Generate Different Sources of Income (make more money 💵)
 
15:40
Let me ask you a question….. If you lost your job today, how would you pay the bills? How would you take care of your family? How would you generate income to take care of living the life that you need to live. Having multiple streams of income is having income insurance or income protection. It allows you some flexibility if you lose your job, you still have some income coming in to relieve some of the stress. When we talk about hacking your wealth and wealth building, what is the importance of having multiple streams of income? On average millionaires will have 7 streams of income. If most millionaires and wealthy people have multiple sources of income. Why don’t you? 💰 Today I want to share 5 different sources of income that you can start working on today! 💰 ➡️ 1. Diversify Your Investments [2:53] - Having a 401K is great, but do you also have a Roth IRA? $1,000 in an emergency fund? Other investments? You can earn dividends and interest with some of these accounts. ➡️ 2. Offering A Service [4:47] - This is something that you are doing after work or on the weekends to earn additional income. This could be a side hustle that may eventually grow into a business. ➡️ 3. Create A Product [6:16] - I am thinking of digital products, products that can be sold online. This could include a book, a course, or other types of digital downloads. ➡️ 4. Start A Passion Project [9:06] - Some of the things you can do include fundraisers for a special cause or mission. Think of Bomba socks - for every pair of socks purchased, they donate a pair to homeless shelters. ➡️ 5. Invest Into Real Estate [12:20] - You can start this with a rental property or by investing into real estate investments like REITs, FundRise, Rich Uncles, etc. Some of the items on this list you can start today! Some of the platforms I’ve talked about before like Betterment you can start with $25 a month. You have no excuse for not being able to diversify your income. You just need to do it. 😁 Wealth Hackers don’t make excuses. We just DO. We don’t learn by talking about it we learn by doing it! ★☆★Resources discussed in this video★☆★ 🎦 How I Built 7 Multiple Streams of Income https://youtu.be/mCG-Y9bkGpU 🎦 From $2.26 to Millionaire in 5 Years (only 30 years old 😳) https://youtu.be/W9vijcqM34Y 🎦 Real Estate Investment Fail (7 Crucial Lessons Learned) https://youtu.be/hr1zmKrw8nk 🎦 8 Real Estate Investing Strategies (without actually managing properties) https://youtu.be/S0n1HMuOjd8 ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
From $2.26 to Millionaire in 5 Years (only 30 years old 😳)
 
29:18
Imagine only having $2.26 in your bank account. Now fast forward 5 years…..and you are a millionaire. Does that really happen? Can you go from being flat broke to being a millionaire in 5 years? 💵 Oh and here’s the best part - You’re only 30! Does that happen? IT DOES --- It Did happen! We are going to find out who this mystery person is today. There is nothing I love more than a story of pure grit, entrepreneurship, perseverance, hustle, and just crushing it. I have the privilege of knowing some amazing personal financial bloggers and some of them came to Nashville for a mastermind this weekend. In this group I was able to connect to a new up and coming personal finance blogger. I didn’t know who he was a year ago and to be honest I wasn’t really familiar with his story until recently. The more I learned about him the more I was impressed. His name is Grant Sabatier and he is known as the Millenial Money Expert. ------------------------ ❇️You can find him at https://millennialmoney.com/ ✅Check out his new book here: https://financialfreedombook.com/ ------------------------ There are so many things that blew me away with his results. But I mean just having a blog that has been up for three years and he is making over $400,000 a year. In this interview today you are going to learn how he pulled this off. If you don’t have a notepad handy, pull one out Right NOW! 🗒️ Take some notes because you are going to be blown away. Find out how he turned a blog into a thriving business and how he went from broke to millionaire in 5 years. 💵💵 There were so many take-aways from this interview. Don't be afraid to try something Don't be afraid to fail. The way he took a mentor to lunch to learn from him and grow. 🍱 I could really go on and on about all the good things he shared. I hope you enjoyed the video. ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
The #1 Thing You Must Do To Be Successful
 
02:09
You hear every single successful entrepreneur say “You’ve got to hustle!” So what does it actually mean to hustle? Do you have to work harder than everyone else and put in extra time? To me it means doing that one thing that is different than everybody else. What was one thing that I did that was different? I didn’t watch TV. Ok so maybe some sports and a few shows here and there. But I don’t watch much TV at all. Instead I spend my extra time in the evenings working on my hustle, which is the blog and the YouTube channel. So what is the one thing that you can do differently today than you’ve ever done? What is one thing that you can do differently than everyone else? That is what the hustle is all about. Putting yourself outside of your comfort zone and doing something different. What is the one thing that you are going to do different today? #onethingdifferent #hustle ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://wealthhackerlabs.com/subscribe ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
How to Stop Procrastination (The 4 C’s Method)
 
13:06
👵 My grandmother had this sign on her wall that said ‘Round Toit.’ I never really understood it until I got a little older and actually read it. It said something like ‘if there is something that you would like me to do: don’t worry I’ll get a round toit.’ I knew exactly why she had it on the wall - because my dad was a bit of a procrastinator and I inherited this trait from him. I was the guy in college that would wait until the last minute and then stay up all night to finish a paper that I had to turn in at 9:00 a.m. the next day. 🎓 Yes, that was me! But procrastination - it’s a real deal and you would be surprised at how many people are suffering from procrastination. People that are seeing real losses. 😲😲 I’m going to share some stats with you and I’m going to help you determine if you are procrastinating. If you truly are..I’m going to give you a 4-step formula to help whip procrastinations’ butt. So you can get stuff done. In 1978 5% of the population suffered from procrastination - that is up to 26% today. But with students, those numbers are between 85%-95%. If you find yourself often saying ‘I should do this’ or ‘I shouldn’t be doing this’ - then you are procrastinating. Here are the 4 C’s to help you beat procrastination: ➡️ 1. Commit - You can’t just say it - you have to set specific goals and deadlines. ➡️ 2. Courage - Find the courage to make it happen. ➡️ 3. Capabilities - When you commit to getting in done, you are gaining new experiences and resources. ➡️ 4. Confidence - Once you begin working through the first three steps you start to gain confidence. I know I’m not the only one out there procrastinating. Where do you fall⁉️ Have you been passed up for a promotion? Have you missed a career change/opportunity? Have you suffered financial losses? Let us know in the comments! ▶ Check out my gear on Kit: https://kit.com/jeffrosecfp ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
I Asked Dave Ramsey's Daughter, Rachel Cruze, If She Uses Credit Cards.... 😳
 
20:15
Do you have a person, an author, a celebrity, someone that has impacted your life? Some that has done or said something that has inspired you to take action and live your life differently? I have several of those people, one of those is Dave Ramsey. I got a chance to see him in action and to meet someone very important in his life. His daughter, Rachel Cruze. In today’s interview you are going to learn a little about her and her journey. What it is like for her working with her dad. How she feels about credit cards. What does ‘your weekly commission’ (not allowance) look like as a child of Dave Ramsey. Find out how weekly chores were divided and how they got paid. Learn about Rachel’s view of credit cards, does she use them? I hope you enjoy the interview. ★☆You can find Rachel here★☆ ➡️ https://www.youtube.com/user/RachelCruze #rachelcruze #financialpeace #daveramsey ▶︎▶︎▶︎ Get Started Today with the "Make $1K Blogging" Free Course here: ➡️➡️➡️ http://Make1kChallenge.com ★☆★ SUBSCRIBE TO JEFF''S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/channel/UCkNgKCu9062P0CPyVoBI5sQ?sub_confirmation=1 ★☆★ WANT MORE FROM WEALTH HACKER™ LABS?★☆★ 💰Wealth Hacker™ blog: https://wealthhackerlabs.com/ 💻 Personal finance blog: https://www.goodfinancialcents.com/ Podcast: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 ★☆★Pick up Jeff's best selling book, Soldier of Finance, here: ★☆★ 📗https://amzn.to/2JVzwwo ★☆★ CONNECT WITH JEFF ON SOCIAL★☆★ ▸Twitter: https://twitter.com/jjeffrose ▸Instagram: https://www.instagram.com/jjeffrose/ ▸Facebook: https://www.facebook.com/jjeffrose/ ▸Linked In: https://www.linkedin.com/in/jeffrosecfp/ Jeff's favorite T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
How to Get Paid Out Of Your Retirement Accounts- IRA Distribution Rules (GoodFinancialCents.com)
 
04:19
This is Jeff Rose. Welcome back to goodfinancialcents.com where I am trying to help people make sense of their investments and personal finance situations. Today I want to answer another quick question that I get when I am working with a soon-to-be-retiring client. A lot of folks that come to be either have old 401Ks, old pensions, and now this is their primary income source, and they are trying to balance that out with social security or any other retirement income sources they may have. The question I often get from these people is, "How do I get a paycheck? How do I actually draw money from my retirement accounts?" So, I just want to address that real quick and how that works. If you have a pension then you know that typically you are going to get automatic deposit, maybe the first of each month, like your social security. Whenever you take a pension or 401K and you roll it to an IRA, it is that simple. You are in complete control as far as when you get that money, how often you get that money, or how frequently you get that money. Let me give you a quick example of how that might work. When a client retires and they roll their retirement accounts into an IRA, most typically we will set up an automatic distribution from the IRA into their, most typically, checking account. You can have the deposit on the first of the month. You can have the deposit on the 15th of the month. You can have the deposit on the 23rd of the each month. There is no specific day or any requirement to do so. I even have a client that also wants to have it deposited every two weeks so it mimics how it was when he was working to where he is now getting two paychecks per month. That is how simple it is to get that set up. Do you have to have it automatically deposited in your checking account? Absolutely not. You can actually get a physical check a mailed directly to your home record. Get it in the mail, take it to the bank, deposit it, and your good to go. The other method you can do is to where you can actually just call whenever you need it, and we can liquidate some investments to get you a check. We would have that mailed directly out to you, or automatically deposited in your checking account. Let me give you an example how that situation might work. I have a lot of clients that will set up that monthly distribution to go out on the first of the month, and then on top of that if they ever need some additional cash flow at some point in time during that month they can call me up and say, "Hey Jeff, I need an extra 500 bucks, extra $1000. Can you send it to me?" As long as we have a cash balance available we can send that out via ACH, and it will be in your checking account in about two or three business days. It is that simple. I tell a lot of my clients, "I am now your bank. Anytime you need money, I'm the man to call that is going to get you your funds." That's how simple it is. It is that simple. A lot of people don't realize how easy that is. The only thing I do want to stress is the fact that it is so simple. Don't let that give you the freedom to think that you can just take an extra distribution whenever you need it because one of the most important things is not running out of retirement income. You don't want to tap it too quick. I always tell my clients, "Listen, it's your money. You're the boss of the money. I am just the order taker. You tell me. I am just here to give you some guidance, my professional opinion. Are you depleting your retirement accounts too quickly?" That is my role as your financial planner. I just wanted to take a quick minute to address how you set up distributions from your IRA or your retirement accounts. It is that simple. Just a few forms to sign, and you're good to go. If you have any more questions, feel free to hit me up on the blog, goodfinancialcents.com. I have more videos to come. Thanks for stopping by, and we will see you next time.
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