WHAT DO WE DO WITH OUR MONEY NOW? The S&P 500 is now up over 38% since the low of March 23rd. Do we go with the flow? What will happen to the economy next? We're "reopening", aren't we? Will the stimulus payments and extended unemployment continue? Tom's made so many accurate predictions in the past. You can't afford to miss this episode!
S&P 500 index since March 23, 2020
Which way will the economy and your money go? Tell Tom now: firstname.lastname@example.org.
A LONGTIME CALLER AND FOLLOWER TELLS HIS AMAZING SUCCESS STORY John from Austin's journey began years ago when he was in a miserable marriage and financial trouble with an impressionable son, Cole. Find out where they are now thanks to listening to the advice of Your Professor.
Here is John's Email to Tom:
Here is John's newest credit score.
John finally paid off his car note. Look!
And he also completely paid off his Visa card balance!
COVID-19: A GOOD CHANCE TO GET OUR ACTS TOGETHER Judging from social media, during this pandemic, we're getting reacquainted with our pets, sharpening our cooking and baking skills, and having Zoom get togethers with friends and relatives we forgot long ago. But what are we doing about our spending and savings habits?
This is the cookie that Tom talks about in this episode. Made from scratch with limited sweetness, organic cocoa powder, and whole grain whole wheat flour.
WHAT TO DO ABOUT YOUR INVESTMENTS DURING THESE HARD TIMES The COVID-19 pandemic has sent the stock market down dramatically, so Tom brought in an expert: Mitch Tuchman, Chief Investment Officer of Rebalance360.com. Mitch and Company manage over 10,000 portfolios worth over $4 billion. Find out what you should be doing with your investments right now.
Here's the book that Mitch referenced, A Random Walk Down Wall Street by Burton Malkiel (it's on Tom's bookshelf!).
Money questions for a future episode? Send them right here: email@example.com.
WHAT ARE WE LEARNING ABOUT MONEY FROM THE CURRENT CRISIS? The truths of so many of Tom's lessons that you ignored are now obvious. How can we remake our financial lives so we don't make the same mistakes after things get back to normal? Also, should you be investing now when things are awful? WWWBD? (What would Warren Buffett do?)
This piece from The Motley Fool offers thoughts about investing in bad times from billionaire Warren Buffett.
Tom's room at 3 Denise Court in Selden, New York and the window that froze over.
Got money questions or comments? Tom wants to hear them: firstname.lastname@example.org.
WOW! THE DOW DROPS OVER 1,000 POINTS What do we do now? Find out what Tom did as a result, and what YOU should do. Also, find out what you SHOULDN'T do now!
Got money questions? Send them here and Tom will be happy to answer them on an upcoming episode: email@example.com.
MORE STORIES ABOUT CREEPING DEADBEATISM It's all around us! People borrowing money they can't afford to pay back, and the journalists who feel sorry for them! Plus, learn the reason why YOU shouldn't feel sorry for them.
Here's the Wall Street Journal article about car-buying deadbeats to which Tom refers in this episode.
Here's the CNBC article about student loan deadbeats to which Tom refers in this episode.
How do you feel about deadbeats? Tell Tom: firstname.lastname@example.org.
YOUR CREDIT SCORE COULD BE GOING DOWN WITHOUT YOU KNOWING Also, is it worth the effort to get your credit score from the 750s to the 800s? Should you pay off old credit cards you don't use anymore? Should you be totally out of mutual funds and stocks at this point? Should you sell vehicles that are underwater in order to eliminate debt? Tom knows!
Send your money questions to Tom right NOW: email@example.com.
ARE THINGS ARE BETTER THAN THEY SEEM? Meet Laurence B. Siegel, the author of more than 200 articles on investing and related topics. He'll tell you why capitalism isn't as evil as Millennials and Gen Zs think. He believes that the world has gotten much better, rather than worse. He even believes that corporations will be the ones to clean up the environment!
Find out why you need to stop hating corporations and start investing in them.
Get a copy of Larry's book, Fewer, Richer, Greener: Prospects for Humanity in an Age of Abundance.
Agree or disagree? Tell Tom where you stand: firstname.lastname@example.org.