Special Needs Trusts with Brynne Conroy – PLUS Asset Protection and we try to make insurance sexy

Brynne has one child with special needs. How does this change the way she does her financial planning and investing?

In general, her plan is to “save everything”. But even doing that, Brynne says she does not “max out my retirement accounts to a point where I feel that an ABLE account or Special Needs Trusts are necessary or necessarily financially viable.”

ABLE stands for “Achieving a Better Life Experience Act”, which are tax-advantaged savings accounts for individuals with disabilities and their families

Listen in as Brynne explains how ABLE accounts work, how someone would benefit from having an ABLE account, and how she’s working to live a beautiful life within the choices and parameters available to her.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Brynne Conroy:

Brynne Conroy is the author of the Feminist Financial Handbook and the mother of a special needs child. She started writing about money when she didn’t have any.

As she figured out ways to save more and earn more, she shared them with the world on her award-nominated blog–Femme Frugality–and progressively climbed up the economic ladder.

Six years later, she continues to run the blog while contributing to personal finance and parenting publications both in print and on the web.

Website: https://femmefrugality.com
Book: The Feminist Financial Handbook on Amazon
Facebook: https://www.facebook.com/Femme-Frugality
Instagram: https://www.instagram.com/femmefrugality
Pinterest: https://www.pinterest.com/femmefrugality

Today’s Panelists

Miranda Marquit | Planting Money Seed

Kirk Chisholm | Innovative Wealth

For a quick bio of each of our show participants, head on over to our panelists’ page.

Send us your questions for a future Listener Letters episode

 

Kate, congratulations from everyone here at Money Tree Investment Podcast. Thank you for participating in our March Madness promotion. We hope you use the gift card to invest in your life.

Creating Legacy Wealth from Real Estate

Marco Santarelli is the host of the Passive Real Estate Investing Podcast and the founder of Norada Real Estate, a premier real estate investment firm. Marco’s mission is to help people create financial freedom by taking the guesswork out of investing. His team is dedicated to researching top real estate growth markets and structuring complete turnkey real estate investments to minimize risk and maximize profitability.

Marco began investing in real estate at the age of 18 with a single townhouse that he bought, renovated, leased, and managed himself. He continued building his real estate portfolio over the years up to 84 units with additional single-family homes, duplexes, and small apartments. Marco is an expert in the ins and outs of real estate investing and has been helping investors create wealth and passive income for the past 15 years through Norada Real Estate. He is honored to have been named the 2017 Think Realty Master Investor of the Year.

"Be market agnostic. Live where you want, and invest where it makes sense." - Marco Santarelli

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Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

Resources mentioned in this episode:

Today’s Panelists

Kirk Chisholm | Innovative Wealth

Miranda Marquit | Planting Money Seeds

Tim Picciott | The Liberty Advisor

Send us your questions for a future Listener Letters episode

Self Directed IRA Investing, with Kirk Chisholm

What is the difference between a traditional IRA and a self-directed IRA? Kirk Chisholm of Innovative Wealth and a regular panelist here on the Money Tree Investing Podcast says “Technically there is no difference. It’s more of a marketing language that people use”.

The self-directed IRA came about years ago as a way to distinguish between an IRA that’s investing outside of the stock market versus an IRA that’s investing in more traditional investments.

Kirk should know. Self-directed IRAs is his specialty. Listen as Joseph Hogue learns more about these interesting and unique investment options and then joins our panel to discuss the “red lights” of what to look out for.

To download the report, “9 Common Mistakes Using a Self-Directed IRA”: go to http://innovativewealth.com/moneytree  

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

Today’s Panelists

Kirk Chisholm | Innovative Wealth Miranda Marquit | Planting Money Seeds Joseph Hogue | Let’s Talk Money! with Joseph Hogue Tim Picciott | The Liberty Advisor

Send us your questions for a future Listener Letters episode

Trends in Accounting and Finance, with Sean Stein Smith

FinTech is making an impact in the world if investing.

Dr. Sean Stein Smith joins us to share what he says are the three major trends in accounting and finance:

1. Blockchain and cryptocurrencies
2. RPA: Robotic Process Automation
3. Entrepreneurial Angle

Then our panel gets together to discuss how these trends may affect their work in professional services.

 

Book recommendation from Kelly Coughlin: Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy – by George Gilder

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Dr. Sean Stein Smith:

Sean Stein Smith is a CPA and Assistant Professor at Lehman College (CUNY).

Widely quoted as an expert in the intersection of blockchain, cryptocurrency, and accounting, Dr. SMith was named one of 40 under 40 in the accounting profession 2017 & 2018. He also is on the Advisory Board – Wall Street Blockchain Alliance, and Board of Governors (FDU)

Follow Dr. Smith on Twitter

Connect with Dr. Smith on LinkedIn

 

Today’s Panelists

Kirk Chisholm | Innovative Wealth
Miranda Marquit | Planting Money Seeds on Facebook
Roger Dowd | AG-Capinv.com
Kelly Coughlin | EverydayCPA.com

 

For a quick bio of each of our show participants, head on over to our panelist page.

Send us your questions for a future Listener Letters episode

Creating Cash Flow with Jack Bosch

Traditional thinking, as described by the industry and promoted by media, is to save in retirement accounts and live off of Social Security in your golden years.

Jack Bosch describes this as “The Pile of Money Theory”: Work until you are age 65, put 10 percent of your income to the side, and by retirement you will have saved up enough to live without running out of cash.

Jack proposes the “Cash Flow for Life” approach: Money that comes in from the investments you have built such as:

  • Dividend stocks
  • Royalty payments
  • Business investments
  • Real estate

Listen as Jack shares his story out of debt, the strategies they used to generate income, and ultimately purchase assets that provide him Cash Flow for Life.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Jack Bosch:

Jack Bosch is Managing Director at Orbit Investments, LLC. He has done over 3800 real estate transactions and currently hold a portfolio of properties in the Land, Single Family Home, commercial, as well as large multi-family and hospitality areas.

Over the last few years Jack and his team have expanded the business from flipping properties to syndicating large multi-family property acquisitions that provide steady and above average cash flow for the investors participating in the investments.

Find more about Jack’s services at his website, OrbitInvestments.com, or register for his online training course at LandProfitGenerator.com

 

Today’s Panelists

Miranda Marquit | Planting Money Seed

s
Kirk Chisholm | Innovative Wealth
Joseph Hogue | Let’s Talk Money YouTube channel

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

Investing for a Living with Roger Dowd

Wouldn’t it be great if you could trade for a living? Roger Dowd traded for a living and shares his experiences, and warnings, for people who want to follow this path.

Technology has helped redefine the definition of a trader. Roger Dowd says, “Most people who view themselves as traders, if they are doing it right they are actually investors.”

He discusses how AI is coming into the space and what we could see in the coming future for investors.

Then Miranda joins Kirk in our panel discussion. Kirk describes how Investing for a living is a lot like job: You wake up, assess the markets, put together your buy and sell orders for the day, set limits, etc.

Listen to the whole episode to learn more about investing for a living.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Roger Dowd:

Spent many years at various financial companies such as Morgan Stanley, Axiom Capital Management, and is currently Chief Operating Officer at AG Capital Investments.

You can find more about Roger on his LinkedIn profile or visit his website.

 

Today’s Panelists

Kirk Chisholm | Innovative Wealth

Miranda Marquit | Planting Money Seeds on Facebook

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

How to Invest in a Business with Kelly Coughlin

Kelly Coughlin from EverydayCPA.com helps us understand investing from an owner/operator aspect, plus shares the 3 Stages when starting a successful business.

Three stages when starting a successful business:

  • Stage 1: Test the product/service in the marketplace
  • Stage 2: You will encounter forces that compete with your product
  • Stage 3: Get your first client

Then the panel discusses:

  • Things to look for when starting a business
  • What key things to look for when starting a business with a partner
  • Advantages of buying into a business

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Kelly Coughlin:

Kelly Coughlin has founded tech companies and has an extensive history as a CPA.

He’s also owner of Everyday CPA, a service that provides tax, accounting, and risk management solutions.

You can find more at their website, https://everydaycpa.com/  

 

Today’s Panelists

Miranda Marquit | Planting Money Seed

Kirk Chisholm | Innovative Wealth

Joseph Hogue | Let’s Talk Money YouTube channel

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future episode:
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How to Invest in Tax Liens with Melanie Finnegan

When property taxes aren’t paid, tax liens can be levied against the property.

The liens are then sold to investors. If the liens are not paid within a certain amount of time, the investor can push to have foreclosure initiated, thus collecting at least the interest and principal of the original investment.

Our guest, Melanie Finnegan of Tax Lien Wealth Solutions, explains there is a difference between a tax lien and a tax deed, and that there are two types of markets: Primary and secondary markets.

To learn more, listen to the interview and stick around for the panel discussion where we learn how tax liens fit into an investment portfolio.

 

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

Today’s guest, Melanie Finnegan:

Melanie Finnegan is Founder and CEO of Tax Lien Wealth Solutions, a service that provides portfolio management, coaching, and mentoring tax liens and tax deeds.

To learn more or watch a video, visit their website at www.taxlienwealthsolutions.com

 

Today’s Panelists:

Miranda Marquit | Planting Money Seeds
Kirk Chisholm | Innovative Wealth
Joseph Hogue | Let’s Talk Money YouTube channel

 

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode

Listener Questions – Stock Buybacks, Investing with ETFs, HSAs for Retirement, and Figuring out When to Sell Your Stocks

The mailbag is full again, so we spent time answering your questions!

Justin asks: Is GM justified with cutting it’s workforce when spending more than $10M buying back shares?

Tyler read that buying small cap funds in a taxable brokerage account isn’t wise because of capital gains. He has been buying small cap ETFs in a regular brokerage account when earning overtime. Should he be concerned?

CJ has heard that HSAs are the holy grail of retirement investing. They already have great insurance through his wife’s government job. Does it make sense to open a high-deductible plan just for the benefit of being able to max out an HSA for retirement purposes?

Antonio understands the benefits of holding investments for the long term but wants to know how to determine the right time to sell.

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment

 

We want to know about you.

Please fill out this 1-minute survey:
https://survey.libsyn.com/moneytreeinvesting


Today’s Panelists

Miranda Marquit | Planting Money Seeds

Kirk Chisholm | Innovative Wealth

Joseph Hogue | Let’s Talk Money on YouTube

For a quick bio of each of our show participants, head on over to our panelists page.

Send us your questions for a future Listener Letters episode.

Investing with P2P Lending

Joseph Hogue and Kirk Chisholm join us again this week as we discuss P2P Lending.

P2P lending, more specifically defined as Peer-to-Peer lending, replaces the position of a traditional bank when it comes to taking out a loan.

P2P sites like Lending Tree and Kiva also matches borrowers to individuals who want to lend out money and earn interest.

Is P2P Lending right for you? What alternatives are there for individuals who want to put their money to work but mitigate some of the risk?

Find out in today’s episode.

Looking for a better way to invest? Consider Betterment.

It doesn’t cost much to start, and you get access to a portfolio built around your risk tolerance and your goals. Using Modern Portfolio Theory, pioneered by a Nobel laureate, Betterment can help you build wealth without getting caught up in the noise of the market.

Invest better with Betterment.

https://moneytreepodcast.com/betterment


Now that you know about our guest, we want to know about you. Please fill out this 1-minute survey: 7-question survey


Today’s Panelists

Miranda Marquit | Planting Money Seeds on Facebook

Joseph Hogue | Lending Club loan filter YouTube video

Kirk Chisholm | Innovative Wealth

For a quick bio of each of our show participants, head on over to our panelists page. Send us your questions for a future Listener Letters episode