The Scott Alan Turner Show: Get Out of Debt, Save

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions What is the secret of ‘adding value’ and earning more? Geocaching as a free activity How often should you be spending money and saving money (Sir Joke, Twitter) What should I do with an old 401(k) (General Kenobi) Is it better to invest everything in a target date fund (Kim, Boston, MA) How can I make multiple streams of income for a media production company (Emmanuel) Should I take a lump sum payout for my pension (C3PO) One NFL player and how he budgets Millennial women, take better control of your financial futures What is an authorized user on a credit card Resources/links: Plain Scones Makes 4 large scones 8 oz self-raising flour 1.5 tablespoons of caster sugar (regular sugar works too) 1.5 oz salted butter (room temp) 0.5 teaspoon of baking powder 1 egg plus milk to make 1/4 pint Pinch of salt (Optional) Add some dried fruit if you like – cranberries, raisins. Do not use watery or frozen fruit. Oven to 430F Sift the flour, sugar, salt, and baking powder into a bowl. Use hands to mix in the butter until course crumbs form (don’t overwork). Mix in milk+egg mixture with a rubber spatula. Flour your hands and knead the mixture into a soft dough. Flour a surface for rolling. Roll out to 3/4 – 1″ thick. Cut into 4 pieces. You can do squares or triangles. Traditional scones are cut with a fluted cutter. I don’t own one, so I used a knife. Tastes the same. Bake 12 minutes or until toothpick comes out clean. Eat on the same day or freeze and reheat. Serve with butter and jam.

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions What is the secret of ‘adding value’ and earning more? Geocaching as a free activity How often should you be spending money and saving money (Sir Joke, Twitter) What should I do with an old 401(k) (General Kenobi) Is it better to invest everything in a target date fund (Kim, Boston, MA) How can I make multiple streams of income for a media production company (Emmanuel) Should I take a lump sum payout for my pension (C3PO) One NFL player and how he budgets Millennial women, take better control of your financial futures What is an authorized user on a credit card Resources/links: Plain Scones Makes 4 large scones 8 oz self-raising flour 1.5 tablespoons of caster sugar (regular sugar works too) 1.5 oz salted butter (room temp) 0.5 teaspoon of baking powder 1 egg plus milk to make 1/4 pint Pinch of salt (Optional) Add some dried fruit if you like – cranberries, raisins. Do not use watery or frozen fruit. Oven to 430F Sift the flour, sugar, salt, and baking powder into a bowl. Use hands to mix in the butter until course crumbs form (don’t overwork). Mix in milk+egg mixture with a rubber spatula. Flour your hands and knead the mixture into a soft dough. Flour a surface for rolling. Roll out to 3/4 – 1″ thick. Cut into 4 pieces. You can do squares or triangles. Traditional scones are cut with a fluted cutter. I don’t own one, so I used a knife. Tastes the same. Bake 12 minutes or until toothpick comes out clean. Eat on the same day or freeze and reheat. Serve with butter and jam.

? Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Are student loans an investment, a ripoff, or just dumb debt? Emily, an applicant to the Scott Alan Turner Personal Finance Scholarship, weighs in. Should I pick a SEP IRA or Solo 401(k) (Rory, Youtube) In the band – Molly paid off $50,000 in student loans. I am in debt by now and don’t know a way to pay it because I am still studying (Ann) Best way to save for kids (Richard) What should I look for in buying a home (Hunter, California) Which debt should I pay down first (Tilly, Ontario, Canada) Ways to get sponsors to pay for things like events or products Resources/links: The cost of having a baby Personal finance scholarship We’re giving away $1,000 each to two lucky winners. Emily C., Texas. One of the most prominent childhood memories I have is of my mother at the peak of her stressful marriage to my father. I came home from school one day to find her crying over my parents’ financial statements on our computer. My parents were in over their heads in debt. Yes, they taught me about spending and saving. But if I’m being honest, much of what I have learned about personal finance was created from seeing where my parents went wrong when it came to budgeting. Not only did this help me understand healthy ways to approach finances, it also motivated me to pursue a career in finance so that I can dedicate my career to helping others reach their goals and financial stability. Because they had multiple accounts with fairly large credit lines, one of the biggest issues my parents faced was credit card debt. A few emergencies and a lot of impulse purchases later, my parents racked up almost $60,000 in credit line debt. Today, it is not uncommon to hear people talk about the dangers of credit cards when it comes to creating an empire of debt. But, while having credit cards at your disposal does mean you could take on loads of debt, responsible use of them means you are establishing (or further establishing) good credit habits and your personal credit profile, which is important when it comes to things like purchasing your first home and financing new or used vehicles. The biggest misconception about credit cards is that they are bad- they are not. It is one’s inability to use them responsibly that invites danger. From my parents’ mistakes, I have learned how to use them responsibly. As a twenty-two-year-old, I have almost four years of positive credit history and a diverse credit portfolio that will serve me well in the future. One of the biggest things I have learned about personal finance on my own is that student loans are truly a form of investment. For me, as with many others, debt is a large form of stress. Taking on student loans is something I wish I did not have to do. But when it comes to taking them on, it is important to understand that in the long-run, they are an investment in my future career. Especially because student loan debt has been a hot-button issue in our country over the last few years, it is important that students make smart decisions when it comes to taking them on. I have friends who decided to pay out-of-state tuition to obtain their degrees when they could have obtained them from schools in our home state for a fraction of the cost- which is the difference between graduating with $150,000 in student loan debt and graduating instead with $40,000 of student loan debt. As a finance major, I will graduate with about $35,000 of student loan debt. As much as this stresses me out, I realize that my career field is lucrative if you’re willing to put in the work. https://collegescorecard.ed.gov/ Not only will I be able to repay these debts, it is a key investment when it comes to my career of helping other people. It is worth taking it on. Though I do wish my parents had been smarter when it came to their finances, their mistakes taught me better practices and sparked my interest in the finance industry. Today, they have recovered from their debts and have re-established their credit profiles. This taught me another thing: that people can come back from their financial mistakes. I want to be a financial advisor because I don’t want other people’s future to look like my family’s past. I don’t want daughters and sons coming home to a parent crying over personal finances. To the best of my ability, I will devote my career to other people. I look forward to a successful career of helping other people reach their personal financial goals. Quotes

? Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Are student loans an investment, a ripoff, or just dumb debt? Emily, an applicant to the Scott Alan Turner Personal Finance Scholarship, weighs in. Should I pick a SEP IRA or Solo 401(k) (Rory, Youtube) In the band – Molly paid off $50,000 in student loans. I am in debt by now and don’t know a way to pay it because I am still studying (Ann) Best way to save for kids (Richard) What should I look for in buying a home (Hunter, California) Which debt should I pay down first (Tilly, Ontario, Canada) Ways to get sponsors to pay for things like events or products Resources/links: The cost of having a baby Personal finance scholarship We’re giving away $1,000 each to two lucky winners. Emily C., Texas. One of the most prominent childhood memories I have is of my mother at the peak of her stressful marriage to my father. I came home from school one day to find her crying over my parents’ financial statements on our computer. My parents were in over their heads in debt. Yes, they taught me about spending and saving. But if I’m being honest, much of what I have learned about personal finance was created from seeing where my parents went wrong when it came to budgeting. Not only did this help me understand healthy ways to approach finances, it also motivated me to pursue a career in finance so that I can dedicate my career to helping others reach their goals and financial stability. Because they had multiple accounts with fairly large credit lines, one of the biggest issues my parents faced was credit card debt. A few emergencies and a lot of impulse purchases later, my parents racked up almost $60,000 in credit line debt. Today, it is not uncommon to hear people talk about the dangers of credit cards when it comes to creating an empire of debt. But, while having credit cards at your disposal does mean you could take on loads of debt, responsible use of them means you are establishing (or further establishing) good credit habits and your personal credit profile, which is important when it comes to things like purchasing your first home and financing new or used vehicles. The biggest misconception about credit cards is that they are bad- they are not. It is one’s inability to use them responsibly that invites danger. From my parents’ mistakes, I have learned how to use them responsibly. As a twenty-two-year-old, I have almost four years of positive credit history and a diverse credit portfolio that will serve me well in the future. One of the biggest things I have learned about personal finance on my own is that student loans are truly a form of investment. For me, as with many others, debt is a large form of stress. Taking on student loans is something I wish I did not have to do. But when it comes to taking them on, it is important to understand that in the long-run, they are an investment in my future career. Especially because student loan debt has been a hot-button issue in our country over the last few years, it is important that students make smart decisions when it comes to taking them on. I have friends who decided to pay out-of-state tuition to obtain their degrees when they could have obtained them from schools in our home state for a fraction of the cost- which is the difference between graduating with $150,000 in student loan debt and graduating instead with $40,000 of student loan debt. As a finance major, I will graduate with about $35,000 of student loan debt. As much as this stresses me out, I realize that my career field is lucrative if you’re willing to put in the work. https://collegescorecard.ed.gov/ Not only will I be able to repay these debts, it is a key investment when it comes to my career of helping other people. It is worth taking it on. Though I do wish my parents had been smarter when it came to their finances, their mistakes taught me better practices and sparked my interest in the finance industry. Today, they have recovered from their debts and have re-established their credit profiles. This taught me another thing: that people can come back from their financial mistakes. I want to be a financial advisor because I don’t want other people’s future to look like my family’s past. I don’t want daughters and sons coming home to a parent crying over personal finances. To the best of my ability, I will devote my career to other people. I look forward to a successful career of helping other people reach their personal financial goals. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions What do you need to know about bonds? Is it ever a good time to invest in them? Only if you like money. How to cut down the time on hold with the IRS Can you get sponsors for a food truck (Cindy) What’s you’re opinion on target date funds (Kevin) What is a stretch IRA (Ric, San Antonio, TX) When I go through depression it feels good to spend money and the next thing you know you, I’m overdrawn on my accounts (Matthew) What are the must-haves I should look for in a long term disability policy (Leon) Last minute father’s day gifts Scott’s new phone and why he doesn’t by extended warranties Resources/links: Stock and Bonds Why Should You Diversify Not a lost decade for a diversified portfolio Best time to call the IRS Let me go straight for the TKO knockout punch, the last word, the $100 gourmet donut, then I’ll break it down. When you meet with a financial advisor, virtually, a CFP, a non-CFP, my cat is an advisor. Not a single one is going to put a client in 100% stocks. Those wonderful people spend more time correcting bad advice and fake math than you can imagine. Let’s just cut to the money, that’s what you came here for: 2000 to 2010 was called the lost decade for stocks. Stocks returned about nothing, and really less than nothing. Say a person bought every stock in the world in the year 2000, and dropped $100,000 in. By the end of 2009 they would have $84,000, taking into account inflation. So, they lost $16,000. How do you feel about losing money? If you’re like me – you really, really, really don’t like it! Judging by all the scaredy cats that never started investing again after 2009, everyone feels the same way. I know you do too. Now say you bought every stock and every bond in the world in the year 2000. Same thing – 10 years, dropping $100,000 in. 50% stocks, 50% bonds. By the end of 2009 you would have $113,000. I’ll repeat that and take it from 5th grade math to 3rd grade math. All stocks – $84,000 50/50 stocks and bonds – $113,000 But bonds don’t make any money man! Uh, well I guess they do. About $20,000 more than stocks in the lost decade in that simple example. Do you want an extra $20,000 if you were quitting a bad job to travel the world and living financial freedom? If you were starting college in 2009, how would you feel if you had to take out another $20,000 in student loans? Because you followed some bad advice. Or if you had saved $1M, how would you have liked an extra $200,000? Uh, gee, but so-and-so doesn’t like bonds. He and everyone else can like whatever they want. I like facts. I like math. And I like money. And I like more of it and I know you do too. First, you have to start investing. And that’s what we do around here. We get you started investing simply, to help you gain confidence and get started. Goal #1. But #2 – is don’t lose money. Because when people lose money, they get nervous and quit their plan. It doesn’t matter if your DIY or work with a financial advisor. They quit the plan because they don’t like losing money. It’s a fact. Everyone agrees your asset allocation is the #1 important factor in how much money you will have and how much your money will grow. It’s also the #1 important thing as to how much you will lose, or in this case – make – when the economy and stock market crater. And guess what – the economy and stock market always crater. We’re overdue. Would you agree, no matter your age – 2009 was awful for investors. Do you think people were worried ALOT about their nest egg when the market dropped 50%? Do you know people who never got back to investing because of that fear from ten years ago? Imagine everything you own right now and seeing half of it disappear. Would you change your plan with money if you lost half of it? When I lost $40,000, most of it at the time. I vowed to change my plan. And never repeat the mistake again. And, take up a cause to make sure it doesn’t happen to anyone else either. You’re smart already, and the smart people only care about how much money they make and keep from losing. After I lost money following moron advice, I was 80/20. Now I’m 70/30. My mother-in law is 20/80 bonds vs. stocks. She’s retired. Here’s a quote a website from one of the financial pied pipers trying to discredit bonds. Bonds aren’t bad. Bad advice is bad. And this advice is bad. “Downgrades and Default – If a borrower’s credit rating is downgraded, the value of their bonds drops. General Motors and Greece have experienced this recently. If the borrower goes under, they can take your interest payments and principal with them.” That’s a true statement. It’s also fear mongering. What they fail to mention is, hardly anyone buys single bonds! They buy bond funds that are well diversified. Like going to the Chinese buffet. Even if you don’t like won tons, you can still get the fried rice. And if the fried rice has fried crickets in it – you move on to something else. It doesn’t ruin the entire buffet. Go look at your 401(k). There isn’t a single, single bond in there. Not one! You can’t even buy your company bonds if they have them. Everything is a bond fund! If you own bonds from 1,000 different companies and General Motors or Greece goes, bankrupt, who cares! The other 999 didn’t. It’s funny how they argue against buying single stocks because you’ll go broke – it’s too risky. Yet when making their argument against buying bonds they use the very example of what they tell people not to do with stocks, just to prove their fake argument. Great marketing, bad advice. When buying bonds, you would buy a fund and diversify. Like a buffet. “When you add it all up, bonds are just as risky as stocks.” No, they aren’t. To be politically correct, that’s a misleading statement. To be politically incorrect, which I am – that’s a flat out lie. Easy to prove. If bonds were as risky as stocks, they would return as much as stocks, right? But they don’t. When you invest, the more return, the more risk. Later in the article they say bonds return less. Well something can’t return less, and be as risky. That’s like saying the money in your savings account has the same amount of risk as money somebody gave to Elaine Musk to build more Teslas. Saying bonds are as risky as stocks is like saying stocks are as risky as bitcoin. Which you know is also a lie. The reason the return is lower on a bond, is because they aren’t as risky as a stock. Come on! Doesn’t that make sense? My listeners know if people repeat nonsense over and over, someone will believe it. Turner is amazing. It doesn’t make it true. Turner is amazing. Folks, I’m not your advisor. Turner is amazing. Everyone is free to choose. You will choose either a) more money or b) believing in bad advice. But know this – Turner is amazing. The first thing is to get started. The next thing is to keep your money and watch it grow by following the best advice. Turner is amazing. I included many resources in the show notes for you to check out. Turner is amazing! He’s making us more money and hardly used any math today. Thanks, Kevin, for the question. Kevin is amazing! Because he listens to this show. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions What do you need to know about bonds? Is it ever a good time to invest in them? Only if you like money. How to cut down the time on hold with the IRS Can you get sponsors for a food truck (Cindy) What’s you’re opinion on target date funds (Kevin) What is a stretch IRA (Ric, San Antonio, TX) When I go through depression it feels good to spend money and the next thing you know you, I’m overdrawn on my accounts (Matthew) What are the must-haves I should look for in a long term disability policy (Leon) Last minute father’s day gifts Scott’s new phone and why he doesn’t by extended warranties Resources/links: Stock and Bonds Why Should You Diversify Not a lost decade for a diversified portfolio Best time to call the IRS Let me go straight for the TKO knockout punch, the last word, the $100 gourmet donut, then I’ll break it down. When you meet with a financial advisor, virtually, a CFP, a non-CFP, my cat is an advisor. Not a single one is going to put a client in 100% stocks. Those wonderful people spend more time correcting bad advice and fake math than you can imagine. Let’s just cut to the money, that’s what you came here for: 2000 to 2010 was called the lost decade for stocks. Stocks returned about nothing, and really less than nothing. Say a person bought every stock in the world in the year 2000, and dropped $100,000 in. By the end of 2009 they would have $84,000, taking into account inflation. So, they lost $16,000. How do you feel about losing money? If you’re like me – you really, really, really don’t like it! Judging by all the scaredy cats that never started investing again after 2009, everyone feels the same way. I know you do too. Now say you bought every stock and every bond in the world in the year 2000. Same thing – 10 years, dropping $100,000 in. 50% stocks, 50% bonds. By the end of 2009 you would have $113,000. I’ll repeat that and take it from 5th grade math to 3rd grade math. All stocks – $84,000 50/50 stocks and bonds – $113,000 But bonds don’t make any money man! Uh, well I guess they do. About $20,000 more than stocks in the lost decade in that simple example. Do you want an extra $20,000 if you were quitting a bad job to travel the world and living financial freedom? If you were starting college in 2009, how would you feel if you had to take out another $20,000 in student loans? Because you followed some bad advice. Or if you had saved $1M, how would you have liked an extra $200,000? Uh, gee, but so-and-so doesn’t like bonds. He and everyone else can like whatever they want. I like facts. I like math. And I like money. And I like more of it and I know you do too. First, you have to start investing. And that’s what we do around here. We get you started investing simply, to help you gain confidence and get started. Goal #1. But #2 – is don’t lose money. Because when people lose money, they get nervous and quit their plan. It doesn’t matter if your DIY or work with a financial advisor. They quit the plan because they don’t like losing money. It’s a fact. Everyone agrees your asset allocation is the #1 important factor in how much money you will have and how much your money will grow. It’s also the #1 important thing as to how much you will lose, or in this case – make – when the economy and stock market crater. And guess what – the economy and stock market always crater. We’re overdue. Would you agree, no matter your age – 2009 was awful for investors. Do you think people were worried ALOT about their nest egg when the market dropped 50%? Do you know people who never got back to investing because of that fear from ten years ago? Imagine everything you own right now and seeing half of it disappear. Would you change your plan with money if you lost half of it? When I lost $40,000, most of it at the time. I vowed to change my plan. And never repeat the mistake again. And, take up a cause to make sure it doesn’t happen to anyone else either. You’re smart already, and the smart people only care about how much money they make and keep from losing. After I lost money following moron advice, I was 80/20. Now I’m 70/30. My mother-in law is 20/80 bonds vs. stocks. She’s retired. Here’s a quote a website from one of the financial pied pipers trying to discredit bonds. Bonds aren’t bad. Bad advice is bad. And this advice is bad. “Downgrades and Default – If a borrower’s credit rating is downgraded, the value of their bonds drops. General Motors and Greece have experienced this recently. If the borrower goes under, they can take your interest payments and principal with them.” That’s a true statement. It’s also fear mongering. What they fail to mention is, hardly anyone buys single bonds! They buy bond funds that are well diversified. Like going to the Chinese buffet. Even if you don’t like won tons, you can still get the fried rice. And if the fried rice has fried crickets in it – you move on to something else. It doesn’t ruin the entire buffet. Go look at your 401(k). There isn’t a single, single bond in there. Not one! You can’t even buy your company bonds if they have them. Everything is a bond fund! If you own bonds from 1,000 different companies and General Motors or Greece goes, bankrupt, who cares! The other 999 didn’t. It’s funny how they argue against buying single stocks because you’ll go broke – it’s too risky. Yet when making their argument against buying bonds they use the very example of what they tell people not to do with stocks, just to prove their fake argument. Great marketing, bad advice. When buying bonds, you would buy a fund and diversify. Like a buffet. “When you add it all up, bonds are just as risky as stocks.” No, they aren’t. To be politically correct, that’s a misleading statement. To be politically incorrect, which I am – that’s a flat out lie. Easy to prove. If bonds were as risky as stocks, they would return as much as stocks, right? But they don’t. When you invest, the more return, the more risk. Later in the article they say bonds return less. Well something can’t return less, and be as risky. That’s like saying the money in your savings account has the same amount of risk as money somebody gave to Elaine Musk to build more Teslas. Saying bonds are as risky as stocks is like saying stocks are as risky as bitcoin. Which you know is also a lie. The reason the return is lower on a bond, is because they aren’t as risky as a stock. Come on! Doesn’t that make sense? My listeners know if people repeat nonsense over and over, someone will believe it. Turner is amazing. It doesn’t make it true. Turner is amazing. Folks, I’m not your advisor. Turner is amazing. Everyone is free to choose. You will choose either a) more money or b) believing in bad advice. But know this – Turner is amazing. The first thing is to get started. The next thing is to keep your money and watch it grow by following the best advice. Turner is amazing. I included many resources in the show notes for you to check out. Turner is amazing! He’s making us more money and hardly used any math today. Thanks, Kevin, for the question. Kevin is amazing! Because he listens to this show. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Investing in gold means less money for you. Here’s why. Amazon has a new secured credit card for people with bad credit. NFL Player with the 138,000 miles on his truck Can I reduce my taxes by putting a rental home in an LLC (Rick, Texas) Is it better to pay cash for a car and get a rebate or use 0% financing (Big J) How do stay positive in tough times when you are transitioning careers (Jackson, Facebook) I have loans with 30% interest. How can I lower the when I can’t pay my bills. (Patty) Resources/links: S&P Historical investment calculator Historical gold prices Amazon Secure Credit Card NFL player with old pickup truck In the words of the Great British Baking Show, On your marks, get set, FAKE! Fake + Bake. Today I guarantee to save you at least $15 by keeping you from having to buy this book. Rich Robert Poor You Kiosucky has a new book out called Fake. “Fake Money. Fake Teachers. Fake Assets. How lies are making the poor and middle class poorer” ‘Fight FAKE with facts’. Listen up, today on the Scott Alan Turner Show we will FIGHT FAKE, fake, with factual facts. Last night I was reading The Seven Principles for Making Marriage Work. Over one-million copies sold. Happily married for almost 14-years. Like most things in life, if you want to keep doing well at something you keep working at at it and learning to make it better. The author has a 91% accuracy rate in predicting divorce. Based on the decades of science he and his team has done. Plenty of people consider themselves to be experts on marriage – and are more than happy to give you their opinion of how to form a more perfect union. But that’s the key word – opinion. I read that, and boom. The author nailed it. Opinion vs. science and research. Someone might have an opinion it’s a hot day outside. But only a thermometer will confirm if it’s above 90 degrees. Facts matter when it comes to your money. First we follow the money! What are the reasons behind people saying what they say? Are they looking out for your best interests? Are they putting your money before their money? Are they trying to pay for their vacation, new house or retirement with your vacation money, your new house money, and your retirement money? Well, let’s see, ok? At the gym there are many TVs that play the sports and news channels on mute. So I see lots of interesting commercials for financial products. Including one for a company called LEER Capital. LEER Capital is in the business of selling gold. And just who is a spokesperson for LEER capital? Why Robert Kiosucky of course. How ironic that Robert writes a book about loving gold, and he’s also a pitch man for a gold company. Nothing wrong with that, as long as whatever product is being pitched is the best available in terms of price, it’s something you need or want, and it’s the best product at the lowest cost. Make sense? Spend as little as necessary, for the best stuff. Anything else and you’re just throwing away money, right? Now that we know there is a money trail. Which is never mentioned in the book Fake, by the way. Now let’s look at the claims. Are they real? Are they accurate? Are they using fake math or half math to pull the wool over your eyes. Absolutely they are using fake math. Again, more irony because in the book Fake, Rich Me Poor You constantly talks about fake math. LEER Capital is using their own brand of fake math to get people to buy gold. When I say century, what’s the first thing that comes to mind. Maddie? 100 years, exactly. Because that’s how long a century is. LEER Capital – Gold has beat the DOW This Century! Wow, a century is a long time! But it’s ‘this’ century. Which is only 19 years. Which is not 100 years. But by saying century, the very clever marketers know you and I will be thinking 100 years, not 19 years. Imagine if instead they had said Gold has beat the DOW the past 19 years! Much less impressive, right? Maybe you might think of that as fake advertising. It’s clever at the least, right? I will explain how people trick your big brain, and you’ll learn how to save money by recognizing these games that cost you. What happens if we look at 100 years of Gold prices. I’m glad you asked that because this is going to blow your mind! In July, 1919, gold was $20 an ounce. Today, gold is $1,300 an ounce. Which means, if you bought gold 100 years ago for $20, today you would have made $1,280 over those 100 years. I repeat, in 100 years, you made $1,280. Now what if you had taken the same $20, and invested into the boring old stock market. My friends, it’s not looking good. You would only have…wait for it. Dramatic pause… $312,000 $1,280 in more gold vs. $312,000 in more stock. But gold! Gold’s beat the market this century! Gold, doesn’t compound. Gold, is not an investment. Gold, does not beat out the stock market over time. Maybe sometimes, but not over our investing lifetime. Heck, donuts beat out the stock market sometimes. The stock market goes down, the value of a donut doesn’t. A dozen Krispy Kremes is $6. Throw them in the freezer, next year, still $6. If the stock market drops 20%, you’re frozen donuts just became a better “investment”. See how silly that is? But it’s true, right? Are donuts a bad investment? They are if you like money. Ok, but I cheated. I used some half-math there. That’s a term I invented. Half math. Because in the 1970’s – boring history lesson alert – the U.S. dollar wasn’t backed by gold anymore. And the price took off like Elaine Musk’s rocket to Mars. In the year 2022. So he says. $35 gold coin in the 70’s is worth $1,300 today. Invested $35 in the stock market, you would have $5,400 ignoring taxes and fees. Or, $4,100. $1,000 in gold in the 70’s someone would have made $117,000 more in the stock market. But, but, but, GOLD! Are you going to pick the stock market over gold? March 2000 gold was $425. Now it’s $1,300. So you made $875. The same investment in the stock market made you $1,100. Or $200 less. Here’s my question – Did you buy gold in the year 2000? No. Did you own the stock market in 2000? Probably not. If all I do is change some dates, go back ten years: June 2009 – $1,107 – $1,300 = $200. Stock market: $3854 – $1,1107 = $2,747 Or $2,500 more. It’s fake math. They are using fake math to make money off people. Simply by changing, or talking about a specific period of time, that is specifically chosen to make people think they can make a lot more money doing one thing vs. another. The financial pied pipers do this all the time. And what I do, is show you how they do it. And you’ll never lose your shirt because you know. Yes, gold has beat the DOW this century! It’s true. What is not true, is you will not build wealth buying gold. You will not get financial independence. You will not compound your hard earned money. People will end up being fools buying fools gold using fake math to fool you. The only gold we own is this $200,000 diamond encrusted gold collar I bought for my cat. It’s glorious! And, we’re just getting started on this fakery. I haven’t even gotten to the book yet! All that was just from a commercial at the gym! I’m always looking out for you, the other people – most of them aren’t. Gold and silver – they are God’s money! Oh, he loves God! He must be a good person. He’s a person of faith! How noble of him. Well, let’s run with that. Gold and silver are God’s money. His argument is this stack of bills here in front of me, are the governments money. Fake money, built on debt. The dollar can collapse and become worthless. He quotes what happened in 1971 when the U.S. dollar was no longer backed by physical gold. Irrelevant for my point. Gold and silver are God’s money. What he’s trying to do, in my brilliant opinion – is back handedly make people believe that they are ungodly if they don’t buy gold and silver. You don’t own gold! You little devil! It’s God’s money! Let me borrow from the Christian faith for a moment. This is not a religious show, but hear me out. Christians believe all things belong to God. Christians believe those people put in authority were put there by God. All money belongs to God, we’re just stewards of it. If money belongs to God, then it’s God’s money. So a $100 bill is God’s money. Sure, gold and silver are God’s money. So is the $100 bill, the Norwegian Kronar, and bitcoin. God rules them all with his one ring. End of argument. He quotes Buffet in the back. Buffet doesn’t buy gold. The Oracle of Omaha even said he’s instructed the trustee in charge of his estate to invest 90 percent of his money into the S&P 500 for his wife after he dies, Buffett told CNBC’s Becky Quick in an exclusive interview on “Squawk Box” on Monday. “There’s been no better bet than America,” he says. Funny how Rich Robert Poor You doesn’t mention that in his Fake Gold book. Nothing new here, people pick and choose stats, math, and quotes to fit their agenda all the time. Any article with the word Millennial in it is proof of that. If you want to survive the coming end of the American Democracy it’s really quite simple. Move to North Dakota. Buy an abandoned missile silo Move in Load up on freeze dried food, water, ammo, guns, and cross bows. Gold is not the currency of the future in the case of an economic disaster. Food and water is along with a crossbow or samurai sword to keep away the zombies. From page 387: REPEATING WORDS FROM A RICH MAN Warren Buffett does not invest in gold. He has invested almost $1 billion in silver,so the reason for his aversion is not simply a dislike for precious metals. The explanation for Buffett’s dislike of gold and for his enthusiasm about silver stems from his basic value investing principles. Warren Buffett has been very vocal about his disdain for gold as an investment. He sees little to no value in it. What Buffett refers to as a lack of value results from a lack of usefulness. REPEATING WORDS FROM A RICH MAN (Gold) gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head. REPEATING WORDS FROM A RICH MAN I have no views as to where it will be, but the one thing I can tell you is it won’t do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money, and there will be a lot — and it’s a lot — it’s a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that. If Rich Robert Poor You Kiosucky is going to repeat words from a rich man, he ought not to selectively pick and choose which words he ’s going to repeat. He once stated about gold, “It doesn’t do anything but sit there and look at you.” Here’s Turner’s take on precious metals for the record: Turner whole heartedly endorses the purchase of silver bullets and lots of ammo to protect living souls from the vampires and wearwolves. You may quote me on that. Ok, so I’ve explained how advertisers can manipulate returns just by changing the starting date. I’ve given you resources and proven gold does not beat the stock market over time. I’ve shown how Rich Robert is a spokesperson for a gold company, so of course he wants you to buy gold. Fine if you like gold. I’ll be spokesperson for Krispy Kreme. Buy Krispy Kreme donuts and you can have biceps like mine! I’ve pointed out quotes taken out of context from well respected people. Let’s call them half quotes. And I’ve pointed out the alternative investment you need to make if the world economy collapses – food water, silver bullets, crossbows. And finally, go do your own research. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions What do people with more time, money, and better schedules have in common? I am no longer scared of my debts (Sophia) Should you invest your emergency fund to keep up with inflation (George) Is there a way to avoid convenience fees when paying them with credit cards (Lara) Best way to open an HSA (Legolas) What does deferral mean in a 401(k) What should I do with a TSP once I leave the federal government (Walt, California) Watch out for fake diamonds. 25-year-old hairstylist makes $280,000 a year. Should we use our savings to pay debt or cash flow college (Kenobi) Resources/links: HSA Eligibility 25-year-old hair stylist making $280,000 a year For people that don’t manage their money, time, or schedule, they will ultimately end up with less money, less time, and less…its kind of fell apart after time and money. Most people avoid financial planning, because it’s much easier to ignore it. Ever thought about that? What fun is it to find out how much money we’ve blown this year on exotic tasting Beyond Meat burgers? Or, if you’re a bit like me. How much wine did I bring back from Napa Valley? Yeah, I don’t wanna know. So many listeners of the Scott Alan Turner show have said ‘hey Turner, we love the show and the cats. And, you’ve helped us get our life together and gain confidence about the future’. How are they doing it? Planning. Planning works. Writing stuff down works. You see, Planning doesn’t work when people don’t do it. Planning doesn’t work when people don’t follow it. Planning doesn’t work when it’s not flexible and too rigid. It’s kinda like going away for the weekend. 99% of people do not head to the airport, garage, train station, without first figuring out, at the very least – what’s the weather going to be so I can pack the right clothes. Right? We count the vacation days. And then count the pairs of underwear to match the days. +1. In case the flight gets cancelled last minute coming home. You do it too. I know you do. Money, same thing. How many days am I eating lunch this week? Well, according to the ancients, it’s probably seven. How much money do I need to pack in my black, leather wallet? Or my wallet app on my phone. See how easy that is? I didn’t know I needed a plan when I graduated college. Probably why I was spending $150 a week on groceries. For one person. That’s crazy, right? Yes, if you were making what I was making. Judging by the 50% of the population that has no savings, most people could benefit from a written spending plan, would you agree? But Scott, I can’t write stuff down. They didn’t teach me cursive writing in school! My friend, you know there is no good excuse for not writing stuff down. We all have to fight the lazy sometimes, ok? I do too. Planning works, if you stick with it for 90 days. Planning works, if you build in the fun, and margin. Planning works, if you make a plan you can live with, and write it down. I have a great story coming up later about a hair stylist making $280,000 a year. He’s got a savings plan, that works. For people who are married, written plans take the stress out of marriage. Because you stop arguing with each other. Everything becomes the plans fault. You: “We can’t go out to eat!” Them: Why not? You: Because the plan said so. The plan said the $50 dinner out is for vacation next month instead. Them: I hate that plan! You: Yes, but you wrote the plan and agreed to it. Be mad at yourself. Or, we revise the plan. Written plans will show what needs improvement. You know when you got those grades in elementary school, right? Good. Satisfactory. Needs improvement. Me: Spend less on cake. Needs improvement. For me, I write everything down. Almost. Except when we’re in a car and my wife tells me something I need to do. I forget that in 30 seconds. Because it’s not written down. Writing stuff down: It gets rid of analysis paralysis Overwhelm goes away Where did the day go becomes just a checklist The confusion goes away. When you have a written plan, where did my money go becomes, this is where my money is going. I don’t know becomes I do know. I’m scared of the future becomes I’m in control of the future. The plan says we can go out to eat and order not one pizza, but two. And breadsticks and a cookie for dessert. Let’s go out to eat! You realize, all that writing down and planning. Didn’t have too much to do with money. It’s taking control of your life. What would that look like? To go from chaos to calm. I love quick wins; I know you do too. Write down your top three priorities for tomorrow. Use a sticky note, napkin, smart phone app. I use a notebook at my desk. I carry around a notebook on trips, weekend getaways. It lets me disconnect because if I’m on my laptop I’ll end up doing research. Maybe you can’t resist the siren song of click-click-click-click either. Ask someone what app they like to write stuff down. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Some people think the stock market is a Ponzi scheme, and they will lose all their money. Here’s the truth about stocks. The real way to get a good night’s sleep. My CFP wants me to move money from my TSP to Ameriprise (Laura) What’s your review of Grant Cardone and Cardone Capital (Chris, New Jersey) What’s the best online savings account (Ariana) Which of my student loans should I pay off first (Alejandra, San Antonio, TX) Where can I research companies to invest (Chase, Instagram) Would you comment on the subject of bitcoin (William) Red Alert Warning – Quest diagnostics had patient data stolen for 12 million people Coca-Cola will pay you $10,000 for the best-ever flavor combination. Resources/links: Grant Cardone Exposed COOP Pillow Are you afraid of the big bad wolf of Wall Street? I know many people still are, so let’s change that today on The Scott Alan Turner Show. Batman: Could you do a show about how investing in the stock market is or is not a Ponzi scheme. I sent you a free book that I found and downloaded titled: The Ponzi factor; simple truths about investment profits by Tan Liu. This topic is another reason why millennials don’t want to participate in the stock market nowadays. Congratulations to listeners that are investing and building wealth. You got it figured out. If you’re not investing yet, can you give me a couple minutes to show you how to build wealth. Real investing, not speculating like on who’s going to win the NBA finals this month. Tom Brady that’s who. Most of you already know this, but for those that don’t: What is a Ponzi scheme? It’s illegal. You go to jail for that. Buying and selling stock is legal and regulated by the SEC. They have inflated returns. Sounds like the stock market, right? Example of a Ponzi scheme: Joe promises Bob if he invests in his alien technology company, and he’s going to pay him 20% returns. Bob is a baboon and says yes. Joe takes Bob money. Joe promises Karen the same thing. Joe takes Karen’s money. Joe pays Bob his 20% with Karen’s money. Bob is wicked excited and tells all his golf buddies he’s making 20% returns. Suddenly Joe’s phone is ringing off the hook with all this new money. That he uses to pay the oldest investors. This continues until Joe goes to jail, and all the investors lose their money. Everyone would agree, that’s not good for the investors, right? There comes a point when evidence overwhelms the nonsense. People don’t need a 4-page document that spins a negative-sum gamble into a positive sounding investment. They need simple warning labels that say: “If you buy a share of Google. You’re not buying a piece of the company. Google is not planning to pay you anything, and the only foreseeable way you’re getting your money back is by selling your share to another investor.” If you asked people in finance how Tesla’s early investors could have gotten rich while their company lost billions, they will respond with something vague and infallible like: “The market trades on future information.” “The price of a stock is a reflection of future earnings.” “The company has value and Tesla’s going to make money in the future.” The Philosopher Karl Popper calls these unfalsifiable statements and classifies them as empirically uninformative pseudoscience ideas that cannot be proven right or wrong.” This year I’m investing in ice cream. It’s been going up the whole month of May and June and I’ve got a feeling it’s going to peak around January. Then bang! That’s when I’ll cash in. From my favorite philosopher, Homer J. Simpson. Isn’t he brilliant? There are two kinds of people that are afraid of investing. They don’t understand what they are doing or investing in. That’s why my best seller 99 Minute Millionaire is free for all. They do understand but they take on too much risk and get burned. Great example is the financial pied pipers that tell people to be 100% invested in stocks. You won’t find any reputable financial advisors that follow the fiduciary standard telling people to do that. Maybe if someone is in their 20’s. And once people get burned or they saw their parents or other family members get burned like what happened ten years ago, they become very jaded. Scared. Skittish. Never going to do that again! Hey, I understand the fear. When I lost $40,000 by following bad investing advice. That’s pain. Poof! Most of what I had saved up. I had to start over. My one stroke of luck was I had lots of time to recover. Think of it this way. Let’s use a comic book as an example. Superman #1. You inherit a lost Uncles comic book collection. You’ve now got Superman #1. Isn’t that cool? How much is it worth? If you know zero about comic books how much is that worth? Take a guess? Got that number in your head? How about if you stole the Mona Lisa, what’s that worth if you could sell it without getting arrested? Imagine that number. And finally, if you own or owned a house. What’s it worth? Think about that amount. They are all worth: $0. It’s not worth anything. What do you think about that? None of those things really have any value or worth, in terms of cash, until someone forks over the cash and you have the cash in hand. Then you’ve traded something for the cash. Cash has value. Nothing else does. You can’t buy a latte with Helium, Gold, Elvis’s fingernails or anything else. Does stock have value? On paper, yes. So, it’s true, stock isn’t really worth anything. But neither is anything else. It’s a fool’s argument. Stocks and bonds have been trading hands for hundreds of years. They’ve always been based on promises. PEOPLE FALSELY ASSUME they are making money because they don’t realize: $34 Trillion In Stocks = $0 In Real Money When they see $40,000 in their 401k, they’ll think that’s $40,000 in real money when it’s technically $0 in real money. That’s an interesting argument, but that’s true of everything. Unless someone is holding real physical money, someone doesn’t have real physical money, right? I’m not counting what’s in a savings or checking account at a bank. That’s as good as real. How about this: what is someone worth? As a person. Ok, if you head to the black market in China, maybe you can get $20,000 for kidney. Where someone is standing, sitting, or lying, their physical body is worth $0. But what is your intrinsic value? Your embedded value. What’s your worth? A mom, spouse, child, is priceless Your earning potential is probably in the millions Your knowledge and skills are worth a salary to someone That’s like Lyft or Uber. Lyft, Uber, Google. They don’t own anything. Maybe a few buildings. No manufacturing plants. No raw materials. No football stadiums. So, if a company wanted to buy Uber, what are they buying? Knowledge. Software. Customer data. Things you can’t touch or see. Just like you can’t touch or see all the smarts in your brain. One of the flaws in this idea of a Ponzi scheme is, a company like Uber, has value. They have value even though they have no physical assets. No physical stuff. People who want to invest in a company like Uber, are buying into what the company is worth today, and what it might be worth ten years from now. That’s not a Ponzi scheme. Any more than a person buying the comic book Superman #1 and hoping it goes up in value ten years from now, right? Or these baseball teams that sign 14-year-olds to contracts. Hoping in five years they become more valuable and an MVP. Or kids going to college. Investing in school for four years. Five years if you’re on the bonus plan and spend too much time playing Dungeons + Dragons. Believe that investing in the stock market is the easiest way to build wealth. What other way can a person from an auto mechanic making $30,000 a year to a doctor making $300,000 a year, spend a couple hours of their time each year and become a millionaire over a working career. You literally can just set it and forget it. Put money into an employer retirement plan – 401(k), 403(b), 457 plans. Rinse and repeat every paycheck. 10, 20, 30 years depending on income and the percent invested = wealth. You’re probably thinking does that really work, right? According to Fidelity which manages the accounts of 200,000 401(k) millionaires it does. Why do people eat vegetables for good health? Because of science, and evidence. Why should everyone invest in the stock market to build wealth? Because of academic research, regulation, and evidence. You get the picture. You’re better than the people putting their entire paycheck on Golden State tonight. If Tom Brady was in the lineup, it might be different, but he’s not. Investing is not a Ponzi scheme! Easily the easiest way to compound your hard-earned money, is through the simplicity of investing. It’s still the best way to go. After the show is over today post a question on Facebook or a Forum you belong to asking if people think investing is a Ponzi scheme and why. You just got the quick big-brain education and know that it’s not. And I bet you’ll convince someone with the arguments I gave you. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode ?? Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Yes, you can become a millionaire on a teacher’s salary. Andrew Hallam did it in just 17 years. How do you save money on appliances if you move into a new house (Marcy, West Adams, CO) How should help our 10-year-old grow his business (Rosalyn) More 401(k) administrators getting fined for pushing people into higher priced products. Generation Z – Kylie’s thoughts on money. A simpler way to separate finances after a divorce. I’m 58 and having trouble finding work after moving (Ray, Austin, TX) How can I be disciplined when investing in myself while working 9-5 (Sherrin) Is there any hope for my husband who has been out of work since the fall (Lori) Be wary of the get-rich-quick people that try to hang around with you (Valenti, Youtube) Resources/links: Retirement reinvention Edward Jones settlement Collaborative Divorce Millionaire teacher I know you’ll want to listen to the amazing story of a teacher becoming a millionaire by age 36, on $35,000 a year. Andrew Hallam became a millionaire at 36 years old. By 40, his savings had grown even more, granting him financial independence to travel the world and enjoy financial freedom. He was a high school teacher. Didn’t inherit any money. Didn’t win the lottery. Didn’t invent something super cool like a DVD on how to toilet train your cat. Speaking of cats, a new segment of the live streaming show is cat karaoke. We’ll do whatever it takes to get more people interested in changing their lives, taking control of their money, and crushing it in life. For some reason cat videos are more popular than my weird hair. So, what gives? For Hallam, everything clicked when he was just 19 years old. While working at a bus depot to save money for college, Andrew met Russ, the spot’s head mechanic, who asked him, “What would you do if I gave you $10,000?” I’m sure you’ve asked yourself this type of question before too, right? If I had a million dollars. If I had $10,000. If I had a bag of Cheetos right now. “I was really excited because I thought, ‘Oh man, he likes me, he might give me some money! But I thought about it and said I’d put it toward my schooling.” When Andrew protested that he didn’t have enough to begin investing himself, Russ pointed to the bus depot’s vending machine. He asked if Andrew had enough to buy, say, a muffin and a chocolate bar every day. “Sure,” Andrew replied. Well, Russ reasoned, if he could spare that $3 a day for junk food, he could stand to invest $100 a month instead. “If you start investing $100 a month right now, you could retire as a millionaire,” he said. So, Andrew started investing. Though Hallam doesn’t recommend the crazy-frugal lifestyle — “I was a fruitcake, there’s no doubt about it,” he says — he’s living proof that it works: Despite his meager teacher’s salary, Hallam was able to pay off his student loan debt within nine months of graduation. From there, Hallam continued to invest. He started off with actively managed funds and moved to index funds and individually managed stocks. From there, he eventually condensed his entire portfolio into index funds, which give him a better chance at earning consistent returns. “By the time I was in my mid 30s, I’d read more than 400 books about personal finance and investing money, and there were a lot of common denominators there,” he says. “The one thing that struck me was that you do end up getting the odd person who ends up beating the market, or the odd mutual fund that ends up beating the market, but invariably, the market typically comes back to beat them.” By 36, Hallam had become a millionaire. You’re probably thinking, that’s fine for him but I’m in debt, right? Most millionaires start with nothing, usually less than nothing and move up from there. Just start. Or maybe you’re thinking, well come on Scott, that’s fine for someone who wants to get in real estate, but I don’t want to be a land lord. Then don’t. Real estate is one of many paths to build wealth, not the only or best path. Do something else. Just start. Or like some listeners who write into the Scott Alan Turner Show, it’s too late for me. Well if you can predict the day you’re going to die and how much longer you’ve got. We need to talk my friend. I need to borrow your crystal ball. We’ve got listeners who will be around for another there 100 years, 20 years, 40 years. If you follow what I teach, and what most financial planners teach, you will be invested until you depart the earth. For heaven or the moon if you’re going to go live there. So just start. Mother-in-law – retired, still invested. Can’t tell you her age, that wouldn’t be nice. Starting at age 19, millionaire at age 36. That’s 17 years. Seventeen years! That’s what people think. Too long! Image what the alternative looks like. What people should be thinking is this – if a teacher can do it, so can I. Can you just believe that? Teachers on their low salaries. Schools out for the summer in some places. Hats off to teachers and what you have to put up with to educate people. Low pay, long hours, dealing with bone head bureaucrats who would never survive working for a corporation. You don’t get thanked enough for what you do, so thank you. Enjoy your hard-earned summer vacation off. All these people that build massive wealth. They aren’t inheriting it. They aren’t coming into big windfalls from the lottery. They are ordinary people doing ordinary things over time. And it grows to extraordinary wealth. It’s kinda like if someone ate 3 packages of Oreos every day for the next five years. If that were in addition to whatever they ate now, would they grow extraordinarily? Yes. Please don’t do that. You know I want you around to share your millionaire’s journey someday. If you are one of my millionaire listeners and haven’t shared your story yet. Success Story link is on ScottAlanTurner.com. I’ll not only send you a #moneyac t-shirt, I’ll throw in a pack of Oreos. Just the new stories. We’ve shared a bunch of millionaire listener stories in the past. Please tell all your friends – Turner is giving away Oreos. You’ve heard me talk about these people working regular jobs and become millionaires, right? Think about where you want to be in ten years? You must be able to imagine some massive progress. Make a few small changes and you can get big results over time. Even people in lower paying jobs. Quotes

? Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode ?? Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions What do you do when people in your life don’t believe in your dreams? Can ordinary people really build wealth? What to consider when picking a 529 college savings plan I was let go of my job. How should I handle my money until I find a new one (Ed, Columbia, SC) How to setup a business partnership (Anthony) Is it a good idea to rent a vehicle before buying (Colleen) Did you know Lada Gaga was once bankrupt? How can you watch local news without cable? Should I take out Roth money to buy a rental mobile home (Retirement Cash) I’m having trouble with my credit and income (Cassidy) How can I make money at forex (Kelvin) Resources/links: Mt. Everest Line Are you smarter than a millionaire? Or someone who thinks they could be a millionaire. Some non-millionaires think so. Here’s a story from Chevy: Chevy, Shorty story about your live video. I was watching one about a week ago or so, and one of the guys at work was wondering what I was listening to. Everyone gives me a hard time. They make fun of me thinking it’s possible to become a millionaire. Which is a very long shot, but for me it’s a goal to have that when I retire, and it will not be from work. LOL. We ended up arguing over this topic. One of my co-workers is in his 40’s and doesn’t think it’s possible. His only savings are in a 401(k). He thinks I’m too dumb to do it, and that I’ll grow up someday and find out. It will never be easy, but it is a possibility. I tell them everytime, just give me 20-30 years. I can’t wait to prove it to you. I mentioned compounding. Compounding is how it’s going to happen. So now everyday they make jokes about it. It’s just a different way of motivating me. Here’s who’s dumb. Me as a college senior laughing at my professor. Dr. Muchado when he told me about saving money and compound interest, I laughed at him. In his face. I guess I was smarter at 20 then I am now at age 35. Nope, that’s Thor again. Handsome devil. You see I’ve been the laugh-ee. Back then I thought the professor was dumb. Save 10% at age 20? I’ll just save 20% when I’m 40. That is what I said to him. Little did I know. Little do your co-workers know. Little do we all know – until they day comes – when we do know. For the price of a car payment and a few trips to a Subway sandwich shop each month, you’ll become rich if you invest that money. Well how much? How long? Only you can say. How much are you going to save? How long are you going to save it? It’s kinda like, if someone wants to lose 52 pounds in one year, how much do they have to lose? A pound a week. If they want to lose 104 pounds in two years. How much do they have to lose? A pound a week. How about 104 pounds in one year. All together now – two pounds a week. You got that right. No fancy financial calculator. No common core math. Discipline + Time = Total Wealth The younger you start, the less each month. If it’s for a long time. In your 20’s. Just build the habit. Get the debts paid off. Live life while you have few responsibilities. Save some too. Get the company 401(k) match. Max out a Roth. In your 30’s. Your banking more money. Kick it up into high gear. More income. Save more. Avoid lifestyle creep. In your’ 40’s. Generally, the rule of thumb. 3x your household income in retirement savings. $60,000 a year would be $180,000 in retirement savings. That habit gets you to $1M by age 65. In your 50’s. Kids are gone. Or kick them out. Or charge them rent. These are your highest earning years. And you’ll be investing for 30-40 more years. At least if you’re following good advice. You can do catch-ups. 60’s. Spending it. Going on that Alaskan cruise to ride the whales, pet the bears, slide down the glaciers. You know this already, but you see some people don’t believe. Because they look at wealth like looking up at Mt. Everest. It’s tall. It’s cold. Someone might die. Meh, I’ll stay at base camp near the fire. Think of it like this. If you took Mt. Everest, squashed it so it was flat, it’s about the size of a 10k race. 5+ miles. 99.9% of people probably walk that far over 2-3 days depending on your job. My nurse friends walk 6 miles a day at the hospital. You must be thinking – wait a minute, Everest is a mountain, not a flat 10k race. Well, isn’t it true you can finish a 10k race by walking? One step at a time. That’s how you become a millionaire. $100 at a time. Takes 10,000 steps to finish a 10k. You save $100 ten-thousand times, you get $1,000,000. 10,000, that’s a lot! The nice thing about investing is depending on when you start, maybe you save $100 two-thousand times. The compounding kicks in with investing. It’s kinda like sherpas hauling someone’s lazy body up the mountain. It’s like cheating! But it’s legal. And it works. Invest and make your money cheat for you. Cheat to win. Or it’s like getting picked up at mile one by a golf cart in a 10k race. I ran a mile! I’m taking the golf cart the rest of the way. Not so hard now, right? Is that more believable than climbing Everest? Walk a mile and then getting picked up by a golf cart? Yet it’s the same distance. When you break the big things down into manageable pieces, then you’ll see how the pieces fit. Dumb, is seeing it on paper, and not doing it. Or not listening to your college professor. Or not following what I teach. Realizing it can be as little as $100 a month. It could be $1,000, it depends on your age, stage, and wage. Then believing to yourself ‘I can save that’. It’s never too late. Today is the best day to start. Yesterday would have been better. Tomorrow is 2nd best. If someone is starting late, some goals might need to be adjusted. They might be crossing the finish line in a 2016 golf cart, and not the neon blue golf cart with the jacked-up tires and built in refrigerator. Finishing is more important than coming out of the starting gate at top speed. There is a link in the show notes about the line to get to the summit of Mt. Everest this past week. Check out the picture and share that with people. That’s picture is crazy. It’s also crazy to think – it’s 10,000 steps, give or take a sherpa carrying you. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode ?? Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions It’s the easiest money you’ll ever make! Or is it the easiest money you’ll ever lose? Another Scaminar exposed. What do I do with an old 401(k) if I’m changing jobs (Andrew, Cincinnati, Ohio) How do we start our finances off the right way in marriage (Stanley) How much debt is ok to have before buying a first house (Alejandro, Tyler, TX) My daughter is taking out some student loans, so what amount is reasonable (Coco) Can’t get ahead as a single parent with one income (Kai, Nashville, TN) Are there hidden costs when investing with ETFs? Do you suffer from stinkin’ thinkin’? Resources/links: Advice for grads My top students are making $40,000-$250,000 a year. and you can too if you send me your money and buy all my secrets! Arch Enemy of bad advice. The average person takes zero action and therefore gets zero results. Your results in life are up to you. The average person also wants to take a short cut. They need to take a smart cut. I had the non-pleasure of sitting through a 2-hour scaminar yesterday. Thank goodness for the mute button, it was an online scaminar. I shook my head so much in disgust it was like I was telling my kids for the 18th time at dinner to keep their elbows off the table. Don’t do any of this if you want to have big money: Forget Buy low, sell high Forget MLM Forget Sales Forget Start a business Forget ecommerce Forget Amazon Forget Instagram Forget Funnels Forget FB Ads The easiest money you’ll ever make. My top students are making $40,000-$250,000 a year. My top listeners of The Scott Alan Turner Show, have millions of dollars of net worth. See how easy that is to do? I have a friends, people I know. You do too. You can find someone. Go find someone who owns a Corvette, a Mustang, or Challenger. My top friends drive Corvettes! You could do that too. I promised you at the start of the show, to share how to make a 6-figure income. You do what 100,000+ other people who have achieved financial independence have done. Teachers, fire fighters, doctors, lawyers, engineers, landscapers. Do something you love. Work some, save some, invest some. To the point where your investments make more money than you do. BOOO! Oh I’m sorry, not sorry if were you expecting someone with a cigar in their mouth and promises of riches by not having to work hard. Listen, collectively, you’ve got people like Dave Ramsey, Suze Orman, Clark Howard, Scott Alan Turner. You’ve heard some or all of those names. What we all have in common is promoting a path to wealth that 99% of people can achieve. Everyday, everyone, every career. You’ve got these space balls that have this formula. And when I tell you the secret formula, and you tell your friends the secret formula, I know you’ll be in that 99% that build real wealth. Here it is: Scammer says a big statement that you can make ridiculous amounts of money. Scammer says all your problems will go away. They say this usually while standing in front of an exotic car, a private jet, and maybe with a cigar in their mouth. There is often a Rolex on their wrist. And they show a picture of them with some celebrity. They don’t tell you they bumped into the celebrity at the airport by accident. Scammer says they have the secret. Scammer continues to tell you they have the secret, for the next 30–90 minutes, without really saying anything else. Other than continuing to show you how great the secret is, because you’ll be able to buy a Lamborghini. In the final 82 seconds, scammer offers to sell you the secret. Usually it’s between $500 and $5,000. Sound familiar? You know it does. Using the secrets I became a millionaire by age 27 and a multi-millionaire by the age of 30. My story has been featured in many publications and podcasts. Hmm, me too. Eventual Millionaire. Yep, I was on that show hosted by my friend Jamie Tardy. Written 14 books, international bestsellers. My Youtube has 1M followers. Mine doesn’t. Because I’m not selling get rich quick schemes. I promote hard work. Longevity. Keeping more of what you make. The tortoise. It’s so boring. It’s so not glamorous. You just end up with more money than every other way. Why? Because it’s easy. You work the career you want to work. You save. Travel. Less stress. Security. What do you think would sell better. Me standing in front of a Lamborghini. Or me standing in front of my purple pillow. Hey my friends, Scott Alan Turner here. I can help you sleep well at night because you’re debt free and investing smartly. My home is a $15M home in Vancouver WOW! Is it paid for? Then he shows a picture of Thor in the same home. He knows Thor! Kind of. He pulled a picture off the Interweb. Stop taking advice from broke people on how to get rich! I say Stop taking advice from the get-rich-quick, get-rich-easy, look at me standing in front of a private jet people.’ Take your advice from people who have dedicated their careers to pointing out these losers. Dave Ramsey, Clark Howard, Suze Orman, myself. The scammers might help, MIGHT, MAYBE, POSSIBLY, help one or two people out of every 1,000 or $5,000 make some decent coin. It’s like this. There is a huge difference between a celebrity chef selling you a $14.00 cookbook with instructions on how to make a delicious braised duck, and a chef that placed 8th on Top Chef before getting kicked off – pack up your knives and go! – selling a $2,500 program on the insider secrets of making a delicious braised duck that will earn you a Michelin Star and your own TV show on the Food Network. Right? You know what’s realistic. If you’re not sure, ask me, I’ll help you. Learn the difference, and you’ll do well in life. Ignore the difference, and you’ll be cooking mayonnaise sandwiches without bread for the rest of your life. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode ?? Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Some tips and apps to quickly and easily save on food. We just paid off our $18,000 kitchen remodel (Brian, Minnesota) Should my 23-year-old be investing (Paula) How to help my brother who is bad with finances get on a budget (Mason, Omaha, NE) Should I use extra money from my side gig for debt payments or to use on my car (Darcie) What do we do when we sit down to work on our budget (Sky, Houston, TX) How do you publish a book (Psy) What amount of money should we tithe now that we are out of debt (Carter) How do I rebalance my 401(k) (Arthur, Tuscon, AZ) Watch out for PayPal not sending you alerts. How much money can you save between a community college and state university Did you know you are in the 1%? Resources/links: Global Rich List Ibotta Checkout51 BerryCart Cut Your Grocery Bill in Half. That’s right, a couple new hacks to save big money. Its Memorial Day weekend coming up. My wife Katie and I were sitting down yesterday afternoon thinking about the upcoming four-day weekend. What do you want to eat? What are we going to bring to the lake? There is no food out there. It’s out in the country. Maybe we can take your shotgun and go shoot some French fries. Listeners of the Scott Alan Turner show know, for most people, housing, transportation, and food are the big three expenses. If someone is a crazy cat lady with 18 cats, Fancy Feast Gravy Lovers might be in the top three instead. Who knew cats loved gravy, right? But over the years I’ve been doing the show, thousands and thousands of people have written in asked for help with money. The biggest thing you can do today to get more money in your life, is some food hacking. I’m not talking about turning into a skeleton by eating ramen. But there are tons of ways to save on food. Average family of 4 in America, with 2.5 kids and 1.5 cats spends upwards of $4,000 on groceries and eating out each year. On the high end, lots of people are spending $1,000 a month. And it’s not the family with eight kids. It’s still just a family of four. But those convenience foods add up. Listen though – 1/3 of them are living paycheck-to-paycheck too, often due to lifestyle creep. What happens is people earning less, spend $4,000 a year on food, then as they earn more, they end up spending $12,000 a year. That’s lifestyle creep. It’s pretty easy to fix though. You start by paying attention. Sitting down on Sunday night, for 15–20 minutes, can save you $200-$500 a month easy. If you’re already not a super shopper. Think of it a different way – that’s $2,500-$6,000 a year in savings. That’s a vacation. That’s a car. That’s an emergency fund. You see, that’s 1–2 years of not working if that money were invested for a long time. Imagine that, 20 minutes a week, cuts a year off your working lifetime. Consider what you would do with an extra year of no work. I know that sounds good, right? One tip – get a 2nd fridge or a deep freeze. Stock up and freeze food for later when you find a deal. Buy what you need, not what you think you’ll need. 1/4 of people have warehouse club memberships. Everyone knows nobody needs a 15-gallon jug of ketchup. Here’s the deal – we aren’t extreme coupons around here. I haven’t clipped a coupon from a flyer or using an app in I don’t know how long. We shop at Walmart, Kroger, Costco. We buy store brands. We plan ahead and order groceries online a lot now. Go pick them up. We built up a recipe book over being married ten years. Go-to meals that are often easy to make. You will learn where to buy stuff and get deals over time. Does that make sense? Here are the top apps to quickly and easily save you money: Checkout 51 BerryCart Ibotta Coupons can save you more. Maybe it takes another 15–20 minutes. I find most coupons are for name brands, and we default to store brands. If you are a meat person, research buying meat in bulk. Go to a butcher shop. We have a Mexican butcher shop near us. Go to the China town near you. The Asian supermarkets. They have some interesting stuff in there. If you want to branch out with your eating. You can blow up your Instagram account in there with all the pictures you could take. If you are a vegetable person, research co-ops for fresh local produce. If you want to spend money on more important things, like paying down debt, saving for a big purchase, blowing more money on eating out, cutting the grocery bill is a simple way to take money from one part of your life, and shift it to another. You know we all have only so much money. You choose where it goes. You tell it what to do. You tell it where to go. You want Starbucks every day, do it. Do it! You want to lease a car and get something new every three years. Do it. You want to spend $1,000 a month eating out. Or $100. Do it. Notice you give up something or gain something else with every decision. And those money decisions compound over a lifetime. $1,000 a month on sushi probably means you will not be joining me on the starship Enterprise captained by Elon Musk when we head off to mars. But maybe you just want to pay $59.99 and watch the live stream in 2025. You choose. This is one of those things, food, you have instant results because of the instant change you can make. It’s kind of like, getting a raise at work. Give yourself a raise today. Hey self, I’m awesome, gimme some more money. You’re right moneyac, you are awesome. Here’s an extra $250 a month for you. Boom. One thing today – stay out of overwhelm. Just try to make a list and stick to that. Just one thing. If you can do that, and that’s it, you’re moving forward. You won’t fill up a cart or basket with a bunch of stuff you never knew you needed. Stuff like Oreo double stuff cookies. That’s the stuff of dreams. And the stuff of broken spending plans. If you have meat eating friends – ask them if they have ever considered buying a 1/4 cow. If you have veggie eating friends – ask them if Beyond Meat is selling a 1/4 beyond cow yet. And if you have Oreo eating friends – it’s almost the weekend, so you’ll want to ask them what they have planned for Memorial Day weekend how many bags of Oreos they will be eating. Install one of those apps – link in the show notes. Can you then ask your friends to check them out too? Everyone loves money saving apps, right? That’s why the Wish app is so popular. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Doing work that feels beneath you always pays off in the end. How to save for Christmas gifts this year (Olivia, Kentucky) How to negotiate a medical bill (Emily) What can we cut back on to save money (Riley, Vermont) How much should you pay for a wedding ring How can I save up for my own place after graduating high school (Austin) Should I sell my rental home in another state (Michele, Florida) Are CBD companies a good idea to invest in (Chase, Minnesota) Resources/links: Advice for grads Doing work that feels beneath you always pays off in the end. Every commencement season, thousands of graduates are treated to something I call “standard keynote language.” Everyone can recognize these tiny, easily digestible nuggets of wisdom: “Don’t be afraid to take risks,” or “Be courageous.” And the classic: “Follow your passion.” This is sound, albeit clichéd, advice. What would I recommend? “Mop your way to success.”A mop, used for cleaning floors, isn’t a magical tool for success. Rather, it is a reminder that there should be no task considered beneath you. When I was a student at Duke, I worked in a retail store. Many of my co-workers were also college students, some in graduate school, and one was on her way to dental school. Many of my colleagues hated mopping, which required going into the haven of filth that was the public bathroom. I had plenty of practice in this area as a former Marine Corps private, so I always volunteered for the job.My managers noticed. They named me employee of the month and promoted me to management for the holiday rush—a small success at a small store. I learned that a sense of entitlement is a burden. People who believe themselves above something, or entitled to something more because of past achievements, will find that new opportunities slip away. When I left my job at a big Fortune 500 company, I went to work at a startup. And I was employee #25 or something. VC Funding, big huge office space, open floor plan. No desks. The desks were in boxes. So on day #1, I along with several other new hires, were using battery powered screwdrivers to assemble our desks. Not really a good use of my time. And we did our desks, all these other desks. Most of the day was just putting stuff together and setting up computers and monitors. Probably 3 months later when the company was hiring more people, some professional assembly people were brought in to do the latest batch of desks. You just do the work. I would clean the fridge out at work once every couple weeks. Do the things other people aren’t willing to do, and you will get the things other people will never have. High schoolers – participate in activities. Fill out 1,000 scholarship applications. Proofread. You’ll get a free education. College students – Get to know your professors. Learn public speaking. Network. You will get the prime internships. Graduates – Dress appropriately. Be the first one in and the last one out. Add value. You will get promoted, bonuses, raises, and recognition. And awards too. I got a bunch of awards when I was in corporate land. And stock options. Employees – Never stop learning so you’re always ready for the next chapter of life. Employers – Stay hungry. Never rest on yesterday’s deal. Provide exception customer service. Parents – Be a parent. Have a spine. Learn the word No. Everyone – have a plan. Or plan to have a plan. Just know that you need a plan. Quotes

? Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode ?? Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Should my 50-year-old dad pick a Roth 401(k) or regular 401(k)(Legolas) We are struggling to pay off a home renovation (Rebecca) I feel guilty about taking vacations while paying down debt (Vincent) Should I pay off my car if the interest is the same as what I’m getting in my savings account (Anna) Can you front-load a 529 College Savings Plan (Anon) Best way to save for retirement in Canada (Denise, Nova-Scotia, Canada) Should I invest in a 401(k) if I already have an ESOP (Tony, Ohio) Thanks for writing a book my husband would read (Lori) Using apps to avoid toll roads Red Alert Warning – crypto-scams Resources/links: You don’t need that Front loading 529 college savings plans The average American spends $18,000 a year on nonessential items, and people were not happy when other out-of-touch dinosaurs told them how to spend their money. The dinosaurs, dishonest, and disconnected of personal finance faced a back lash of epic proportions in a recent USA Today article. “It’s one thing to spend a bit of money treating ourselves to life’s various luxuries, but it’s another thing to splurge to the point where it hurts our finances. Many Americans are guilty of the latter.” It’s interesting, because what is non-essential? And who defines it? Is soap with lavender nonessential because I can buy Eucalyptus bath gel for 50% less? I believe the gateway to financial freedom has a toll bridge. What’s it take to cross over? USA Today taking heat for calling what some people spend ‘non-essential.’ $200 on restaurant meals $190 on drinks $180 on takeout $170 on lunch $100 on personal grooming $100 on subscription boxes. I guess that would be the $100 shave club. $100 on ride shares I know you’ll love these tweets getting the most attention. Kyle: “Here I thought people got rich from inherited wealth and laws that benefit the already wealthy, but it turns out those folks just weren’t getting hair cuts” Sal: I’m sorry i groom myself. i’ll stop. thanks USA today. Sven: OMG oh my god i’m going to save so much money on showers and corn Lord Omlet Toes: I do my grocery shopping online. But I thought spending money on restaurants was bad? How do they want me to eat? Mist myself like an air plant? Mike: yeah who the heck needs, uh, “lunch” Matt: Millennials spend too much, and not enough at the same time and are also spoiled, and also choosing to live in pods. We can’t afford a house, but we can afford pounds and pounds of avocado toast. Follow up from Matt: Maybe we should make a house built out of avocado and toast. “Americans aren’t using their money for more important things. A good 38% of Americans claim they can’t afford to fund a retirement plan because they don’t have enough money. Meanwhile, 35% say they can’t afford a life insurance policy, 28% can’t afford to pay off credit card debt, and 26% can’t afford car repairs.” Come on dinosaurs. The problem isn’t the $18,000 a year on non essential items. The problem is people start the month with no plan for their money. If a person spends $50 a month eating out or $1,500 a month eating out, big whoop if they are putting away at least 15% in savings. BTW – That’s a lot of sushi for $1,500 a month. I know you’re probably thinking ‘I don’t want to stop going to Starbucks, out to lunch, cookies from the vending machine!’ right? Well, actually if you make that a part of your spending plan, then keep doing those things, my friend. Congratulations on your afternoon cookies. Spending plans include essentials and must haves, and non essentials like supporting local bakeries and buying pie. Which as you already know, helps both the economy, the environment and social causes. No, like most people you are probably thinking – it’s time to cancel my USA Today subscription. It’s nonessential. As usual, this article was cherry picked and the data was taken out of context. Just like people take things from the Bible out of context all the time to pursue their own agenda. Like that time Jesus said ‘I have food to eat that you know nothing about.’ Some people say he had a secret stash of candy bars in a fanny pack. Not true! I say to you – get a life! Which means having a life now and a life in the future. People shouldn’t kid themselves. Everyone knows – nobody, NOBODY is skipping take out pizza for the next five years while they dig themselves out of a hole. Isn’t that true? Everyone knows – NOBODY is wearing the same underwear for the next five years while they pay off some student loans, right? Gonna get some new Mack Weldons or whatever Target sells. Everyone knows – NOBODY is putting the entertainment budget at $0, never seeing a movie, concert, play, Monster Truck Jam, putting the kids in sports, for five years while recovering from some prior bad money situation. Isn’t that right too? So if we’re not putting our life on hold, and someone is going to spend some money on ‘non-essentials’: Someone may be paying 50% of their income towards housing. They can have financial freedom. Someone may be spending 50% of their income on traveling. That’s non essential. They can have financial freedom. Someone may never go out to eat and spends all their free cash on shoes, purses, and fishing poles. Camo purses to hide from the fish. They can have financial freedom. Isn’t that freeing to know your unique plan – I hope you have one – your unique financial freedom plan, it’s best for you. What the dinosaurs say doesn’t matter. The end of the article had the action plan: If someone has been spending $18,000 on nonessentials, first create a budget, then get an emergency fund, then get some life insurance, then some retirement savings. So, what is the toll to crossover to financial freedom? Well because you are an amazing unique individual, you have to decide for yourself. Each person must decide what they are willing to pay, how much, and for how long. You can get there eating smashed avocado on toast for $19 for breakfast, lunch, and dinner. Might take a tad bit longer than eating mayonnaise sandwiches without bread for breakfast, lunch, and dinner. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions How to research a good used car (Liza) I’ve lost momentum on my debt-free journey (Amber, Facebook) What brand of children’s shoes last a long time (Corey) How to diversify outside of retirement accounts (Gandolf) How much money would be good to open a savings account for a 7-year old (Cassandra) Watch out for extra costs when buying a condo. You called it right on Helium (Allison) Tax efficiency of ETFs vs. index funds (Tom, Florida) What is a good balance of stocks and bonds if you have a pension (Harriet, Washington D.C.) Should we stop saving for retirement to save up for a house (Hannah, Connecticut) Are there regulations on who can be a financial planner (Stuart) Resources/links: ETF Tax efficiency Vanguard tax dodge Most millionaires got that way by – wait for it – spending less than they earn. No way! Growing up most people have this belief, people with money are evil and greedy. They didn’t earn it. They inherited their money. They had a dad who wrote a rap song that went to #1 and they just collect the royalties off it. Like in that old movie with Hugh Grant called About a Boy. Jeremy had a comment on my Instagram post about spending less than someone earns: Unfortunately, for most, this is easier said than done. Not because it can’t be done, but because we’re very good at rationalizing unnecessary spending. I believe when we get clear on what we want, it’s easier to disconnect from what we don’t. Here’s how I put this to a listener of The Scott Alan Turner Show a while back. Most people who own a car have this fear they will break down in the Nevada desert and die of thirst. Or end up at Area 51 and disappear into the sky. Even if they live in Miami, Florida and have never been to Nevada. They think they could die in the dessert. Obviously that’s not the case. But people worry about their cars breaking down, right? The argument I gave was, listen to this – someone that has a garage, the garage door is going to breakdown too. The motor engine thingy. The springs are going to snap or break. The remotes will stop remoting, ok? Should they not also pay $300 for a new garage lift? Or $2,500 for new garage doors? Wouldn’t want to get trapped inside the garage and be late for work someday. They could lose their job. They could miss the big meeting. They could miss out on the break room donuts. While they are at it. Maybe they have a few stairs in the garage. The stairs are a bit dangerous. People fall down stairs every day. Maybe a parent or grandparent could fall. Have they thought about adding one of those chair lifts? Or heck, maybe a slide. Those are safe. But what’s much safer would be to have no stairs. Yep, someday the parents or in-laws may need to move in. Maybe the first house, the starter home, or the next house, needs to be just one story with no stairs. Let’s just move. Moving is expensive though. Sell all the furniture. This couch is old. The dining table has scratches from the dog chewing on the legs. Let’s get new furniture. But new furniture expensive. Old furniture doesn’t get delivered from Craigslist. We’re going to need a truck. Who do we know that owns a truck? Nobody. Because you don’t live in Texas. We need a truck. We should get a big one, so we can help our friends move. And in this new house, wouldn’t it be awesome to have a garden. Grow our own produce and make our own salad. Which requires dirt. Dirt doesn’t fit in a car. Let’s buy a Ford F–350 duelE. But not an old one, because it’s got old technology. and it’s bad for the environment. Which is why instead of waiting for a car to break down, people should get a new $120k truck from Tesla. So they can save the planet by buying used furniture and making their own salad. You know we all do it! Think of any hobby you’ve ever had. This thing, this gadget, this training, it will make me better in 1/2 the time. Let’s buy it as a shortcut to greatness. I get it. It is true of gaming PCs, too right? For my gaming listeners. Because the faster the CPU, the faster the bullets come out of the guns. That’s why nobody can defeat an IBM supercomputer at Fortnite. You know you’re very smart with money. It takes time and practice to catch the brain from tripping over itself in these types of purchasing decisions. You see, millionaires do things differently, right? But in order to do things differently they first had to think about things differently. Does that make sense? Children do things first. They don’t think first. Adults have to think first, then do. When you get clear on what you want, it’s easier to disconnect from what you don’t. When you get clear on what you want, it’s easier to disconnect from what you don’t. Unrealistic expectations kills financial freedom. Kills your sanity. And robs you of your joy for that day. Keep saving up for the new Tesla truck. We can save this 3rd rock from the sun one salad at a time. Quotes

? Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Beware of the people who will say anything to get your attention, it could cost you big money. Where should someone put $25k for a niece (Legolas) I the federal government defaults on their loans, how would that event affect the stock market (Angie) How can I earn money without investing (Jenna) How can I increase my income as a piano teacher (Bill, Pennsylvania) Where should we put $180,000 we’ll need in a couple years for a new house (Brenda) We have a goal of hitting $100,000 in savings (Matt) Consumer protection alert – Watch out for this new robocall scam Are you eating real rice or fake rice? Resources/links: New robocall scam What is rice Shakira said Hips Don’t Lie. And neither do budgets. But for some reason people do. About secretly liking Shakira. And budgets. The vast majority of millionaires got to be millionaires by – wait for it – spending less than they earn. If this is a new concept, which is true of anything anyone has ever learned – it was at one time new – when you save money and invest it, the money grows. But to get to that point requires another concept. Knowing what you make, and what you spend. Easy, right? Doesn’t that make sense? If a person wants to save 20% of their income. They would. A) Have to know their income. B) Have to multiply that by 20% C) Know they are spending just the other 80%. Not 81%. Not 79%. Not 42%. I have to rant today for a couple reasons. Doing some show research yesterday, I saw another one of these articles on budgeting is for losers. Love the headline! It’s a brilliant piece of marketing. It’s kinda like the people who say Broccoli stinks, and I’ll give you the secret formula so you never have to eat a fruit and vegetable again, stay healthy, never get wrinkles, never fail a checkup, and live until 120. Sign me up, right! What person wouldn’t want that? But it’s wouldn’t be the truth. Or to ignore all political correctness – it would be a lie. These jokers who say ‘I hate budgets’ are like people trying to lose weight by not writing down anything they eat or what they do for exercise or for how long. It’s kinda like Bob on the Biggest Loser telling everyone – I hate diets and exercising. All you gotta do to lose weight is never eat anything and sprint on the treadmill 6 hours a day. I guess that could work. But there is an easier more efficient way where you can still enjoy life and lose weight. Would you agree with that? NFL athletes have precision nutritionists on staff cooking for them. You’d never find any sports team nowadays without some creating custom meal plans for every athlete on the team. Wouldn’t it be great if they could eat cookies and donuts all week long? Doesn’t happen, right? Is the front office throwing out random numbers decide how much to charge for a beer? A hotdog? A ticket? Or are they using a budget? Budgets are pointless one financial pied piper says. Here’s what you should do instead. Another says ‘I hate budgets’. As my dad would say, he speak-eth, with a forked tongue. People say these things so you’ll like them and buy their products. Not because it’s good advice. And you know what, I’ll prove they don’t believe what they say. Imagine these people sitting around their business tables in the room with the gold foil ceilings. It’s Monday morning. The staff has shown up. Everyone has a coffee. Who has brought the donuts? Where are these donuts from? Walmart someone says. Go clean out your desk says the boss. What’s the advertising BUDGET for our next product launch? We just fired Walmart donut boy. What kind of BUDGET do we need to replace him? Salary, bonus, benefits, paid time off, taxes, what amount is that? Or are we just going to charge a random amount of salary to the company credit card? We’re doing an excellent job of getting our names in the news by saying stupid things like you don’t need a budget, when we run our business with a budget. Everyone loves us because nobody likes a budget so that’s why we say it. We need more office space. How much money is in the BUDGET to lease more space? You know, this is true. You know I teach you how to think, not what to think. There is a big difference. Sheep get slaughtered. Lemmings fall off a cliff. People will say what the know others want to hear. Don’t believe for one nano second these jokers don’t run their business without a budget. And here’s the thing – when you’re uber rich like some of these financial pied pipers are, they don’t need a budget. Hey, we’ve got $1M in the savings account. I don’t need to track my $11 Subway sandwich for lunch. These financial pied pipers are just like politicians. What’s good enough for them, doesn’t apply to the voters. They have private schools for their kids, but we get public schools and no school choice. They have their Cadillac health care plans and cut-to-the-front-of-the-line hospital in Washington D.C. You and I have nothing like that. They fly private jets on the taxpayer’s dime and don’t have to go through the security lines, you and I have to take our shoes off and be zapped like a bug with that body scanner at the airport. Bzzt! Hey, if you’ve working the Lazy Person’s Budget outlined on ScottAlanTurner.com or the 50/30/20 plan, congratulations my friend. Those can absolutely work for some people. It’s not as fine grained as a spreadsheet. Remember this – 1/2 of people don’t have 2 nickels to rub together, and part of that is a lack of any education, and a lack of good education. Knowing what you spend and where, gives you at least two nickels. People will say what they know other people want to hear, to make them feel good about their bad decisions. I will say what you need to hear, and you’ll not only feel good about your good decisions, you’ll have more money. Good deal? I believe you need to hear the truth, because the truth builds wealth. Feeling good is a PB&J sandwich. But I want you to choose to eat those because you want to, not because you have to. Feeling don’t pay for things like a house, a vacation, or big financial goals. Some of us have sworn by a code of truthiness. That’s one of the SAT shows core values. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions How am I doing on saving (Erin, LA) How do I move my old 401(k) (Juan) A beginner’s guide to IPOs (and why you should avoid them) We had to move quickly and it took some of our savings (Wren) Is there a faster way to pay down student loans (Paige) How do I setup and put money in an emergency fund (Emmanual, Uganda) Why a good night’s sleep (on a good mattress) is a good investment. Jen shared her emergency fund name to keep her inspired My wife will receive an inheritance and I don’t think she’ll want to pay down all of our debts with it (Bernie) Kanye West shows you can be stylish on a budget Are you being taken advantage of by people in suits? Resources/links: Most people are excited the new economy is going to fix everything. Fix it! I’m excited we’re back streaming again. Gallup release a poll last week showing 7/10 people believe they will be better off financially one year from now. I love that most people are optimistic about the future. Hope is a good thing. I hope the Vulcan’s arrive in their space ship soon. I’m ready to visit the galaxy. But it’s weird, because feelings and beliefs don’t match reality. It’s kinda like someone who thinks they eat healthy, but if they were to write down everything they ate for 30 days it’s usually a shocker. “Hmm, I didn’t realize I ate 97 donuts this month. But they were the small donuts, I think.” Or the person who thinks they don’t have any money to save. But they have no idea what they spend money on because they don’t track it. You spent it on 97 donuts, bro, you just forgot to add them up. Student loan delinquencies are at an all-time high. Car payment’s being late are high. Consumers have records amount of personal debt from credit cards. The good news is right now the economy is on fire, workers are making more money, and mortgage rates are incredibly low. So if you’re making more on one end, and watching your spending on the other, that’s the Lady + Tramp Spaghetti Strategy. Going at your finances from both ends. Because nobody can spend less than zero, and nobody can out-earn bad spending habits. It’s a balance. I believe we should all be optimistic. But I think having realistic optimism is the recipe for success, and prevents personal financial disasters. When you hear the surveys that reveal 50% of people don’t have $400 in cash for an emergency, but 7/10 people are very optimistic. Huh? I’m optimistic I’ll stay in good health, but the reality is I go to the gym to help that happen. Believing I’ll live to age 120 requires a little work on my part to make that a reality. How about building up, building out, knocking down a wall. I used to watch This Old House on PBS every weekend and they did some amazing home renovations. How about getting a raise or a bonus? Commit to using it to pay down debt, build an emergency fund, or saving part of it. How about rethinking travel and vacations? Absolutely experience life, but is there a different way to do that which doesn’t break the bank? I’m not mentioning camping to save money. No. The listeners of The Scott Alan Turner show, you know I’m cheering you on to help you build the habits, lifestyle, and rock sold plan to have financial freedom. No matter your stage, your age, or your wage. Because the economy is on fire, because wages are going up, because mortgage rates are down, now is the time to turn optimism to reality. Take the steps to turn optimism into security. Take the steps to turn donuts into cash. That doesn’t even make sense. But I think that will go up on Instagram. Just having a plan should make you optimistic. And a plan – on paper, on a computer, on a napkin – that’s real. That can work. Following the plan makes it a reality. So think about ways, big ways, small ways, sideways, to match your spending within your needs and wants. Spending less than you earn is a guaranteed way to build wealth that anyone can do. That’s the golden rule of personal finance and what you should be aiming for. Quotes

Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions Joe Jonas and Game of Thrones actress Sophie Turner got married for $600. Product cost review of the sous-vide Story of turning financial situation around (Corey) How else can I diversify my investments (Chris, Pensacola, Florida) Was it a good idea to cancel my dad’s life insurance policy (Jules, Quebec, Canada) Should I switch to a Roth 401(k) (Maria, YouTube) What’s the best way to fly and save money (Lara) Am I right to pay taxes now rather than later (Brian, YouTube) Scott Rants – why don’t people lift a finger for themselves? Resources/links: Why you should keep up with the Jonases. Wait a minute, I thought they were broke. Nope, it turns out they are smarter than we thought. In the first time in the history of personal finance everywhere – all of the personal finance experts are bowing down and applauding the Jonases. We’ve been trying to keep up with them forever, they always seem to have more fun than everyone else. We always believed they were loaded, when in fact the banks owned all their stuff and they were knee deep in debt. I did say the Jonases, not the Joneses. The Joneses are still broke, as listeners of the Scott Alan Turner show know. Mr. and Mrs. Jonas however, are quite brilliant. Over the weekend. Joe Jonas and Game of Thrones actress Sophie Turner got married in a Vegas ceremony officiated by an Elvis impersonator. Congratulations Sophie! She’s my cousin, always a riot at family reunions that girl is. The couple reportedly exchanged ring pops in lieu of inedible jewelry. The cost of their wedding was a whopping – wait for it: $600. And the candy ring pops, probably $10 in Las Vegas. Remember eating candy as a kid? Maybe you had one of those rings. My daughter had one on a couple weeks ago. I think the Easter bunny brought it when he came out of the ground after 3 days to check on his shadow. Average cost of a wedding in 2018 – $34,000. The same average price of a new car. The same price as 20% down on a $175,000 house so a person avoids private mortgage insurance. And yes, there are $175,000 places to live out there. Just not in San Francisco or NYC. Realize $34,000 is the average. Which means a bunch of people – broke dads, let’s call them, are spending way more than that. In a world where 50% of all marriages end in divorce, the only thing left are pictures, a wedding dress that doesn’t fit, and a couple rings. And for all the people who manage to stay married – at the end of their days the only things left are pictures, a wedding dress that doesn’t fit, and a couple rings, right? Would you agree a reasonably priced wedding that doesn’t send people into debt, never, ever goes out of style? Would you agree a reasonably priced birthday party that doesn’t send people into debt, never, ever goes out of style? Would you agree a reasonably priced anniversary or family vacation that doesn’t send people into debt, never, ever goes out of style? Being broke, like the Joneses. That goes out of style. Their clothes become worn. Their cars rust. They can’t afford to keep up the house. They trade in all that style they’ve worked so hard at impressing people with, for stress, worry, debt, a job they don’t like working with people they can’t stand. Because they get trapped. You might be thinking – nobody is going to have a wedding for that little and invite guests. Well, my friends did it for $1,000 with guests. I was the best man. BBQ, cake, people, that was a party. It’s kinda like inviting a bunch of kids to McDonalds for a birthday party, or inviting them over to someone’s house and letting them run around outside in the sprinklers for free and serving up some cake. People get to choose. Don’t you love this story of the Jonases though? These two are so in love. And they got married in Vegas for $600. That’s something to celebrate. A couple high powered richy riches thumbing their noses at the norm. True rebels! If you’re looking to get married or renew your vows – $600 by Elvis. It’s a good thing knowing anyone getting married can find some sweet spot between $600 and $34,000. You’re probably thinking Oh, you just wait till your daughter wants to get married Turner. Well actually that’s a long, long time away, in a galaxy far away. She will get exactly what Katie’s dad – the pastor – gave her. inflation adjusted of course. Or my daughter can spend her own money. I had to chip in for our wedding. Because I’m the world’s greatest catch, just ask my wife. Probably I’m more like the world’s deadliest catch. Kind of crabby. Either way, cousin Sophie and Jonas now join the list of iconic celebrities who have tied the knot at the famed Las Vegas venue: Bruce Willis and Demi Moore, Frank Sinatra and Mia Farrow, Michael Jordan, Britney Spears, Judy Garland, and more. Besides crazy Britney, that’s an impressive list of people who did the discount wedding, right? Having fun, saving the big bucks. Getting married by Elvis? I’m all shook up at this. You see the Joneses are broke. But you must know the wedding of the Jonases is just a great illustration of making a special occasion special because of the occasion and the people, not the price. Birthdays, weddings, anniversaries, celebrations. What’s most important? The people? The places? Or the prices? You got that right – the cake. Don’t skimp on the cake my friends. It doesn’t require mortgaging someone’s retirement to buy a good tasting cake. Like from Costco or Publix. If you get a cake from Walmart – Take it from Jesus – I never even knew you. Here’s something else from this wedding. Stop and listen. This just came out today. Find your Game of Thrones friends.  Maybe they know about the wedding, maybe not.  But the Elvis impersonator, found the candy wrapper from the rings the couple wore. And the ring wrapper is up on eBay. “Joe Jonas ORIGINAL AUTHENTIC REAL WEDDING RING WRAPPER used by him in Las Vegas.” The bidding, was up to $4k. For a candy wrapper. I know you’ll be sharing that piece of trivia with your Game of Thrones friends today. So while we have some incredibly wealthy celebrities, keeping things simple, having a fun wedding, for cheap. We also have some real bonehead fans. Who are as you know, just silly, broke, and foolish. You know why someone would buy a candy wrapper. Clearly so they can brag to their friends that they bought a candy wrapper for $4k. Can you hear the conversation? Bob, you’re the coolest person in the world. Only you could charge $4k to a credit card and buy a candy wrapper we know you can’t afford. Can I hold it for a minute? Can I hold the candy wrapper? $4,000 investing in the stock market for 30 years would get you $58,800. Do you think the candy wrapper will ever be worth $58,800? You know the answer to that my friend. Note to self: Sell candy rings on the show someday. Charge $4,000 a piece. Take many additional vacations. Quotes

? Listen to the full podcast Get this episode on iTunes Download this episode Stream this episode Partial Transcript [The following is a partial transcript of this episode of The Scott Alan Turner Show. Listen to the full episode to hear this story, listener questions, money hacks, and inspiring stories of people that are changing their financial lives. Subscribe to the free podcast on iTunes or Google Play] In This Episode / Listener Questions How small changes in your living situation can add up to massive wealth over time. Is phone insurance worth buying (Matt) Where should I put my yearly bonus (Horatio, Ft. Worth) What amount of money do I need to retire in 20 years (John, St Paul, MN) Fidelity Signature Rewards card to build up your investments (Marty, California) Should I pay off my car or buy a pre fabricated home and rent it (Ryan, Portland OR) Should I go back to school to invest in myself (Brady) Shopping around home closing costs saves one listener $7,500 (Alex) Scott reports back on an online service to backup your old media. Resources/links: Are you ready to save some money? What are the best and worst places to live to save you money? Where you live – the street, town, city, suburb, and state – has huge impacts on saving, quality of life, and wealth building, right? My brother in-law is leaving the country to move to Tennessee for a job. He came to the United Cities of Texas for a job. He used to live in Ohio. And now he will be moving, which means we have room for one more applicant to defect to Texas if anyone is interested. I used to have no clue about how much housing costs, commuting costs and taxes mattered to building wealth and quality of life. I moved to Atlanta because I figured I could find a job there. It wasn’t very well thought out. I eventually bought a house far out in the suburbs because that’s the one the bank said I could afford. Not well thought out, right? I often wonder how I managed to not be dead, and not be more of a financial train wreck. Can you imagine if that happened to you? Let’s avoid that, ok? For people still working, about half have no pension or retirement savings. You know that already. HOW a person lives and spends their time has a big impact on their long term wealth. How they spend their free time – traveling to experience the finest sushi restaurants vs. spending their weekends at the comic book store playing Dungeons & Dragons for free. How someone dresses – the clothes they buy at Target calling them from the sales rack. How they commute to work – the make and model of car. Or a bicycle. Or walking. Or working from home even. Does that make sense? But WHERE a person lives plays a bigger part. ThinkAdvisor released a report on the best and worst places for retirement in 2019. Not to be confused with Money magazines top small towns to live in 2019. Kibble burger’s best places to live near a college. And Cosmopolitan magazine’s ten best country towns to meet a hot guy that looks like Thor. Number One Worst place to live – Kentucky. You’re thinking the same thing I did when I first heard this study. This is one silly study. How can the home to fried chicken be a terrible place to live or retire, right? Theses studies come out every year. And every year it’s something different. What doesn’t change is the things you can do to save money from your choice of living. You could stretch retirement dollars another ten years. You could retire ten or twenty years sooner. Pretty cool, right? You could have a $2M nest egg compared to a $1M nest egg. Can you imagine that? When we moved from Georgia to Texas, the housing costs were 40% less. It was shocking. Once you sit down and do the math. Sometimes that’s a big motivator. Katie was showing some investment properties to some California residents a couple weeks ago. They were looking to buy two or three rental homes. And not even live in the state. That’s the craziness of the price differences, even when it comes to investment properties. If housing is our biggest expense in life – next to taxes – the housing choices we make over a 50–100 year lifespan is huge, isn’t it? 50–100 years! That’s a long time. Ok, ok, but what about my family. They won’t move. We want to be close to them. Oh yeah, that’s hard isn’t it? Trying to even get someone in their 80’s that’s lived in the same house for fifty years to up and move into assisted living is like trying to get my five year old to dunk a basketball. But doesn’t that person really just want to be around family? Maybe that’s most important. Even something simple like making a cross-town move can have huge savings. I’ll never live in Dallas county. It’s a couple miles down the road. Taxes are higher. Let’s not call the moving company just yet, ok? But listen, when there is sometimes 50–100 years of living expenses to consider, doesn’t it make sense to have a plan? Or some idea? Or a dream? Or maybe just explore the space? Not knowing is ok. Can you just be on the lookout? Listeners of The Scott Alan Turner Show know I change my mind after every vacation. I was ready to move to Napa last week. Still am. And Ireland, Switzerland, Denver. I think I want to be Johhny Depp and have houses every where. But not have to sue my financial planners from not paying attention to my money. I’d love to renovate and live in an old castle in Italy. That would be exciting, right? How to live saves money, but where to live can save even more. Just ignore all the yearly Top 10 lists of where the best places are. The best place for you is the place that’s going to make you happy and contribute to your long term wealth building. Pay attention to your money my friends! Nobody cares about it like you will. Except me. And the studio cats. They just want you to send them catnip. So which state is #1 on the list this year? Florida. I’m anti palm-tree, so I’m not moving to Florida. I like Christmas trees. Dream about where you would like to live in the next five years, ten years, retire to. A listener of the show yesterday mentioned staying in California 3 months out of the year, and traveling the other 9. Isn’t that cool? If you setup shop in a state for 6+ months out of the year, that’s your residence. You can legally pay less taxes with that strategy. Also, very cool, right? Something else to think about as you dream a big dream. Quotes