ARE YOU CONSIDERED "UPPER CLASS"? The numbers are in. In this episode, Tom talks about what it takes to be considered "upper class" and what it'll take for you to get there!
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POWERFUL MONEY INFORMATION RIGHT WHEN YOU NEED IT MOST the stock market has been a rough go recently, as Tom long ago predicted. Here is the information you need to survive trade wars and stormy seas, including a specific piece of information Tom has never provided before. For Tom, whose total dividends and interest will likely top $300,000 this year regardless of what happens in the market, it's the difference between making or losing money this year. This is exactly the kind of information our followers are paying for!
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THE STOCK MARKET'S BEEN GOING CRAZY...WHAT DO WE DO NOW? Many listeners wrote Tom in a panic. What are you supposed to do when the stock market's going up and down and up again? Here from Daytona Beach, Tom is ready to help you figure out what to do next.
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TURNING COFFEE INTO WEALTH This could be one of the most valuable money episodes we've ever done. Tom has done the hard numbers. That cup of Starbucks could be worth as much as $700,000. Literally. Would you like to have $700,000 when you retire, despite student loans or the cost of housing? No gimmicks involved. Think like Tom and get rich. Listen now to get started.
If you're a hardcore latte or espresso drinker, here is one way you can save a ton of money. Ditch your local coffee house and order a one-touch espresso machine like the one Tom owns. There are many similar units that will make you a cup of coffee just as good as your favorite coffeee shop. Click on the photo below to see it.
- Millennials are spending more money on coffee than retirement plans
- How Much Do You Spend On Coffee Each Year?
- The specifics on the Vanguard 500 Index Fund (Admiral Shares) that Tom talks about in this episode
So? When will you start on your road to wealth without gimmicks? Write Tom now: firstname.lastname@example.org.
401(k) CONTRIBUTIONS AND HURRICANE INVESTING Many interesting emails since our last money episode! What do you do if your company match puts you up against the annual contribution limit? What's the best way to buy a used car? What kind of mutual funds should you invest in on a low military salary of $23,000? If your credit score has gone all the way up to 818, is there anything you can do to get it up to 850? And plenty more!
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IS TOM SELLECK JUST A DISHONEST CREEP? Listen to this episode and you decide! In a TV commercial that has run about a million times, actor Tom Selleck says he believes he has a way to stay secure in your home for good. But is that true? Some people who did what Tom recommends are being thrown out of their homes, possibly because Tom forgot to include some key facts in his commercial? Our Tom breaks down this TV commercial bit-by-bit and brings you the latest on the people who are being given the boot.
What do you think? Tell Tom: firstname.lastname@example.org.
MAKING YOUR VACATION PLANS? Why spend more than you have to? Tom's got you covered. Use his travel tricks with credit cards, rental cars, booking hotels, airfare, and more!
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POOR SHAMING: WHAT IS IT AND IS IT WRONG? Chase Bank got a ton of blowback for a tweet in which they offered advice to people with "low bank balances" on how to save more money. So they apologized. But wait: is that really wrong? Is shaming the poor wrong?
Got a money question or your own take on this topic? Write Tom directly: firstname.lastname@example.org.
SHOULD YOU BE INVESTING IN LYFT OR UBER? Most of us use ride-sharing apps. But now you can own a piece of these companies through Wall Street IPOs! A sure bet, right? Not so fast.
Here is the letter that Jayson sent in:
Tom- I wanted to send you a thank you today, Tax Day. Your approach for finding a tax guy worked wonders, and all in will save me $471!
Here’s the story: I am a late 20s guy who moved back to California for a job after receiving an MBA from a top tier school on the east coast. I had a tax guy in the city I went to school in, but when I was moving he told me (rightfully so) to find someone else because he wasn’t overly familiar with California.
I’m lucky to have a small brain trust of mentors in my life (something you advocate for), a few of who live in the city I moved to. I asked them for a recommendation (something you advise), and two gave me the name of the same professional CPA while the other two gave me different names. I called the three CPAs for a free introductory consultation to see if there was a fit. One was good, but not a fit, and one who was more for small businesses recommended on his own that I talk to the same guy two of my mentors recommended! I called him, and we hit it off great. I explained my situation in full and asked the series of questions you advise when hiring professionals. We worked out a fair deal for not just preparing my taxes but also being available throughout the year (something you also recommend, not making the accountant solely an Apr 15 worker but part of the money team).
My accountant did a beautiful job on my returns, and even with paying him his rate, I expect to save $471 when considering extra deductions, money management, and work he’s done. That’s $471 that’s staying safe in my Vanguard Prime Money Market account.
And maybe the icing on the cake, I was told I was one of the most prepared/mature clients he had, and for “such a youngster” he could tell I was on the right path. He asked me where it came from, and I proudly told him all about the Professor.
YOUR MONEY EMAILS What do you do when you've paid off your last credit card? Is a 401(k) a good idea for you? Can you get a guaranteed return on stocks? What do you do when an employee in your office is flirting with you? And much more.
Here's an article Tom used to prepare for this episode. How much of a return can you expect from the stock market every year? Could be much less than you think!
Got money questions for a future episode? Send them to Tom directly: email@example.com.