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

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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

MTI017: Managing Your Cash Flow with Chris Miles

Many people and businesses struggle financially not because they have too little income, but because they have serious cash flow issues. Chris Miles is an expert on managing cash flow, and he shares some of his top tips with you in this brand new episode of the Money Tree Investing podcast.

Links Mentioned in the Episode:

 

Panelists In This Episode:

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

Follow Us on Social Media

MTI013: XBRL and Financial Data with Nate Anderson

HTML shaped and revolutionized the internet, and XBRL is about to do the same with financial reporting. This digital way of reporting financial figures promises to make financial data more accessible than ever before! This week Nick interviews Nate Anderson, an XBRL enthusiast with a Masters degree in Accounting, to explain this upcoming technology and what it will mean for you as an investor.

Resources mentioned in the episode:

XBRL Nexus – Nate Anderson’s blog

XBRL International organization

XBRL US Data

XBRL Library’s:

Python: Arelle

C#: Gepsio

Java: XBRL4

Learn programming:

CodeCademy

Udacity

Applications which use XBRL:

Rank & Filed

Idaciti

Sector 3

Calcbench

Other:

Securities and Exchange Commission (SEC)

Sample XBRL document

FinViz stock screener

7 Steps to Understanding the Stock Market by Andrew Sather

Morningstar

YCharts

S&P Dividend Aristocrats

 

Panelists In This Episode:

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

MTI009: Earnings Manipulation and Financial Statement Analysis with Hewitt Heiserman

Earnings manipulation can make a company look very profitable, while in fact they are bleeding money. This week’s guest, Hewitt Heiserman, is an author of the book It’s Earnings That Count and an expert in financial statement analysis. He devised a way of spotting in advance if something is about to go wrong with a company, to help you avoid the next Enron, but also if it is likely to sport above average returns in the near future, using his proprietary Earnings Power Chart.

During the discussion part of the episode, the panel members discuss how they learned to read financial statements, the importance of checklists for investors, the power of insider ownership, and much more!

 

Resources mentioned:

It’s Earnings That Count – Hewitt Heiserman

Cash Flow & Security Analysis – Kenneth S. Hackel

The Quest for Value – Bennett Stewart

American Association of Individual Investors (AAII)

Economic Value Added (EVA) article

It´s Earnings That Count blog post by Nick Kraakman

Ben Graham and the Growth Investor presentation (PowerPoint)

Warren Buffett’s Letters to Stockholders

The Outsiders – William Thorndike

Henry Singleton and Teledyne case study

Money Masters – John Train

Intrinsic Value Spreadsheet

Financial Shenanigans – Howard Schilit

The Checklist Manifesto – Atul Gawande

Value Trap Indicator

Beating the Street – Peter Lynch

Securities and Exchange Commission (SEC)

What Works on Wall Street – James O’Shaughnessy

The Intelligent Investor – Benjamin Graham

Simple Balance Sheet Analysis by Andrew Sather

Morningstar

YCharts.com

 

Panelists In This Episode:

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

MTI007: Dividend Investing with Andrea Travilian

Do you want to super-charge your investment portfolio? One of the best ways to build your nest egg faster is with the help of dividends. Learn why dividends can be a powerful addition to your portfolio, and how you can get started investing with them — even if you don’t have a lot of capital available.

Some important points discussed in this episode:

  • Dividends are best as part of a long-term investing plan.
  • Start out with a dividend-paying fund, so that you can get diversity and a degree of stability, as well as cost-efficiency.
  • Reinvest your dividends to grow your portfolio even faster.
  • When you are ready to retire, you can switch from reinvest to grow your portfolio to using the dividends as a source of income.
  • Make sure you understand the tax implications of dividend investing.

Panelists In This Episode:

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

MTI006: Peer-to-Peer Investing with Peter Renton

In this week’s episode, Larry Ludwig interviews Peter Renton on the topic of Peer-to-Peer investing.

Resources mentioned:

Panelists In This Episode:

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