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!
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A LISTENER'S INCREDIBLE MONEY SUCCESS STORY Hear an email from a longtime Leykis listener that lays out specifically how Tom's rules for your career and your success have worked for him. How did our young listener get to an annual income of $185K with an almost-paid off house? You need to hear this story and follow these steps to the letter!
Got money questions or comments on this episode? Send them directly to Tom: firstname.lastname@example.org.
MONEY REGRETS Did you know that 63% of millennials regret buying their first homes? SIXTY-THREE PERCENT! Why? And what this mean to you? Can you really own a home for less than the cost of renting? Tom spells it out here chapter and verse!
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FREE MONEY! That's right! In this episode, Tom tells you a variety of ways to get free money for doing things you already do. How did Tom rake in almost $3,400 for things he was already doing in 2018? Listen and find out! And, here he tells you how he's going to get several hundred dollars more in 2019. You can't afford to miss this episode!
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"IF THE ECONOMY IS SO GREAT, WHY AM I BROKE AND IN DEBT?" Tom looks at a variety of recent news stories on this theme, and he says that we're not blaming the people most responsible. Tom knows why you're broke and what you could have done about it! Or how you can prevent it!
Here are the articles to which Tom refers in this episode:
Comments? Write Tom directly: email@example.com.
MONEY are you a "loyal employee"? Why? Ever wonder about what you're missing by being loyal to a company that will likely put an ax in your back as soon as they get the chance? In response to listener emails, Tom tells you about the dangers of being a sitting duck!
Click here to see the film Tom mentions in this episode, Michael Moore's Roger & Me.
Send Tom your money questions for future episodes: firstname.lastname@example.org.
MONEY Tom continues with recommendations for getting your money act together in 2019. Find out how a website can help you figure out your net worth, your spending habits, and how to get on a budget. Also, Tom answers listener email questions including how to get a higher credit limit on your credit cards, whether it's a good time to invest in marijuana stocks, ETFs, whether it's a good idea to attend company events that encourage fraternizing with other employees in the #MeToo era, and more!
Send Tom your money questions for a future episode: email@example.com.
MONEY what do the Federal Government shutdown and the Los Angeles teachers' strike tell us about money? Tom tells you all about it!
Send your responses or your money questions directly to Tom by clicking here: firstname.lastname@example.org.