In today’s episode of The Money Guy Show, we take a closer look at Sarah Stanley Fallow, Ph.D.’s new book The Next Millionaire Next Door, Steven Covey’s 7 Habits of Highly Effective People, Tom Corley’s 9 Habits of Highly Successful People, and Tony Robbin’s How to Establish Joyful Habits. What we found is that there are certain habits and behaviors that show up again and again that correlate with success.
Be sure to tune in as we explore the habits and choices that millionaires make that contribute to their financial well-being. Also, if you haven’t done so already be sure to subscribe to our mailing list so that you get access to special show giveaways. For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/10/financial-success-habits/
Today’s mini-episode of The Money Guy show is a compilation of road shows we put together for our #AskTheMoneyGuy series.
In today’s listener-inspired episode, we cover a question we get all the time that we didn’t realize would come up as often as it does and that is how to become a financial advisor. This one is near and dear to our hearts as financial advisors ourselves and a question we’re happy to answer in this week’s installment of The Money Guy Show.
Be sure to join us on the road this week as we talk about how to become a financial advisor.
For more details, visit the show notes on our website:
https://www.moneyguy.com/2018/10/how-to-become-a-financial-advisor/
So much is made about this tool of asset management, but how much does the average investor actually know?
As a brief overview, rebalancing is getting your investment allocation to the appropriate target. For example, if your portfolio is comprised of 60% in risk assets (i.e. stocks) and 40% in conservative assets (i.e. bonds) and one piece of that moves differently and throws the balance off, rebalancing helps to get you back to your original allocation.
In the simplest form, rebalancing buys the assets that have gone below the allocation threshold you would like to be at and sells the assets that have gone over. And you rebalance so that you can maintain the appropriate level of risk in your portfolio and to help stay on track to reach long-term financial goals.
But what does the research say about rebalancing? And what is the common sense approach when it comes to this tool? Tune in to this week’s episode to hear us dive into the nuts and bolts of rebalancing and how you can use it in your financial life.
For more details, please visit the show notes on our website: https://www.moneyguy.com/2018/10/a-different-take-on-rebalancing/
Hey Money Guy Show Family! Cash is making money again. That’s right. Times are changing and you can generate income from cash again. (Seriously)
The Great Recession (2008-2009) slashed interest rates and they were in a free fall sitting on the bottom at 0.5% for the better part of a decade. Now, cash is making a comeback and it can yield over 2% today in high-yield savings accounts and over 2.5% in a 1-year CD and 3% for longer term CDs.
We’re at the point now where we all should start paying attention to cash as an asset class that can yield a return and what you can do about it.
For more details, please visit the show notes on our website:
https://www.moneyguy.com/2018/10/cash-is-making-money-again-here-is-what-it-means-for-your-wallet/