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

 

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Please fill out this 1-minute survey:
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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


Real Estate Blockchain Investing with Matthew Sullivan

Would you invest in someone else’s home?

Using blockchain technology, you could own a portion of someone’s home. Or as a home owner, you could sell some of your equity to get some much needed cash without having to pay interest.

Matthew Sullivan from QuantmRE explains how this works and what it can do to diversify your portfolio in a new way.

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, Matthew Sullivan:

Matthew Sullivan is Founder and CEO at QuantmRE.

QuantmRE helps people invest in real estate like the stock market by enabling fractional interests in real estate investments to be bought and sold on the Blockchain.

In addition, QuantmRE is creating EQRE – the world’s first crypto currency with true intrinsic value – a token backed by audited real estate assets.

Website: https://quantmre.com

Today’s Panelists

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

Send us your questions for a future Listener Letters episode

Investing in Cryptocurrencies with Barbara Longue

Bitcoin, Etherium, Litecoin, Monero…there are dozens of cryptocurrencies. Barbara Longue says thousands are still to come.

Are cryptocurrencies truly an investable asset? Miranda and Doug get to the bottom of this in today’s episode.

What you’ll learn today:

  • Why is blockchain technology important
  • What is cryptocurrency
  • The difference between Altcoin and Bitcoin

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, Barbara Longue:

Barbara Longue is the founder of Easy Peasy Crypto.

Barbara brings together some of the cutting edge thought leaders in the world of crypto, bitcoin and blockchain to share with you how to get started and make sense of what will be completely changing how we do everything on the internet and handle money and transactions in the very near future and how you can profit from this massive shift.

Learn about monetizing crypto with her toolkit: http://easypeasycrypto.com

 

Today’s Panelists

Miranda Marquit | Planting Money Seeds on Facebook
Doug Goldstein | Profile Financial

 

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 – Dogs of the Dow, When to Pay Down Debt, Real Estate, Investing and Cash Flow

You wrote in, we answered.

Here are some of the topics covered in today’s Listener Questions episode:

  • Beating the DOW strategy, also known as “The Dogs of the Dow”.
  • Taking money out of retirement savings to pay off debt.
  • Would it have been better to invest rather than pay off the student loan debt after college?
  • And a question about how to handle a $70,000 inheritance.

Listen here:

 

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

Miranda Marquit | Planting Money Seeds
Doug Goldstein | Profile Financial

 

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

 

3 Paths to Financial Independence with Deacon Hayes [Encore presentation]

Deacon and his wife combined finances shortly after marriage – only to find $52,000 in consumer debt was weighing them down. They made the choice – and a plan – to pay down that debt in 18 month.

Moving past debt freedom, Deacon began focusing on complete financial independence.

In his book, “You Can Retire Early!: Everything You Need to Achieve Financial Independence When You Want It” he describes the three ways to financial independence:

  • Real estate
  • Stock market
  • Entrepreneurship

Listen in as Deacon shares each way and how it can help you achieve financial independence.

 

Today’s Guest, Deacon Hayes

Deacon Hayes is a financial expert, speaker, and podcaster. He is the founder of Well Kept Wallet which is a financial education company that provides personal finance resources to people across the world.

Book: You Can Retire Early!: Everything You Need to Achieve Financial Independence When You Want It.

Website: WellKeptWallet.com

Twitter: @DeaconHayes

 

Today’s Panelists

Miranda Marquit | Adulting.tv
Doug Goldstein | How to Subscribe to a Podcast on an iPhone
Joe Saul-Sehy | Stacking Benjamins

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 in Raw Land with Mark Podolsky, The Land Geek

Raw land. Is it the undiscovered country of the investing world?

Mark Podolsky of TheLandGeek.com shares his experience buying, selling, and leasing raw land as an investment.

Unlike buying traditional real estate, purchasing raw land doesn’t require a lot of money. Mark outlines a process of looking for lots with unpaid property taxes, purchasing the lots, and then offering them to people who live along the plot line.

The key to a successful raw land purchase is to do the research and due-diligence needed to make sure you have a clear title or other obstructions to a hassle-free transaction.

After Mark’s interview, the panel discusses other thoughts behind investing in raw land – and the pitfalls you need to be aware of.

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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

 

Today’s guest, Mark Podolsky:

Mark Podolsky is owner of Frontier Properties. He has been buying and selling land full-time since 2001, completing over 5,000 land deals.

He co-hosts “The Art of Passive Income Podcast, which can be found on his website, Apple Podcasts, and other podcast directories.

Other places you can find Mark’s material:

Website: TheLandGeek.com
Free course: Email Support@thelandgeek.com with the subject “MoneyTree
Podcast: https://www.thelandgeek.com/category/podcasts/

 

Today’s Panelists

Miranda Marquit | Planting Money Seeds
Doug Goldstein | Goldstein on Gelt
Linda P. Jones | Be Wealthy and Smart
Joe Saul-Sehy | Stacking Benjamins

 

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

Women & Divorce with Shannah Compton Game

Shannon Compton Game went through a divorce. Today she shares things she learned that helped get through the process of separating finances in a way that doesn’t drain the bank.

When facing a divorce, Shannon Compton Game finds that it’s helpful to create a list of assets you want to keep and debts that you are willing to take on. Equally as helpful is to know what you are willing to let go.

This isn’t a list you’ll share with others but rather something that will help you remain focused during the emotional and troubling times most people experience during the divorce process.

Be careful as the emotional attachment to assets could be used as a bargaining chip against you.

When asked about the steps to take when a divorce is imminent, Shannon says:

  1. Learn what rules of separation pertain to the state you live in
  2. Take steps to separate yourself from joint credit cards and get a separate bank account
  3. “Know your numbers”: It’s important to be aware of all living expenses and the amounts
  4. When looking for a lawyer, ask friend or trusted acquaintances for references

She also shares her thoughts about the following:

  • Situations, if any, where you and your future ex should you try to come to an agreement on your own
  • Hiring a certified financial planner to help you place values on assets and debts
  • The expectation of how long a divorce can take
  • Prenuptial agreements

 

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, Shannah Compton Game:

Shannah is a CFP® and host of the Millennial Money Podcast. She talks about all kinds of lifestyle topics, not just divorce.

You can find her podcast in Apple Podcast / iTunes and Spotify

 

Links to other Shannah Compton Game’s online properties:

Website: Your Millennial Money

Shannah on Twitter

Shannah on Instagram

 

Today’s Panelists

Miranda Marquit | Planting Money Seeds
Doug Goldstein | Goldstein on Gelt
Linda P. Jones | Be Wealthy and Smart
Joe Saul-Sehy | Money in the Morning

 

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

 

Start a Business and Cultivate Multiple Income Streams with Johnny Gabriele

Investing in equities can help you build wealth, but creating a business and finding other streams of income can help accelerate building your net worth.

Johnny Gabriele knows this all too well. He thought it would be fun to find a cat-shaped cake mold for his girlfriend. After looking everywhere and finding nothing, he took the opportunity to create his own. Then he started selling them online, and Charlie Cat was born.

Steps to creating a business

Johnny shares the steps to creating a business, and emphasizes that they should be followed in a precise order:

The first step is to explore the industry and know what is already out there.

Step 2 is “Do not jump to Step 5 or 6”. Before incorporating the business or hiring contractors or employees, do some research to see if there is actually a need for it.

Other steps to start a business:

Speak with your future customers. Is your product or service something strangers would pay for. Johnnie says the best place to test this is Facebook groups and Reddit.

Tweak your product based on the feedback from strangers. Create a “minimum viable product” and tweak some more. Sometimes you are one change away from success.

And finally, Johnnie talks about A/B testing Facebook ads or landing pages, customer acquisition costs, and ways to pay for it all.

Read 8 Steps to Properly Start 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, Johnny Gabriele:

Johnny Gabriele invented Charlie Cat, a dessert mold for making cat-shaped cakes, ice sculptures, jello or even soap.

He co-founded HZQ Consulting to help others craft personalized digital strategies to grow into mighty organizations.

Book: Charlie Cat cake molds o

Johnny on LinkedIn

Today’s Panelists

Joe Saul-Sehy | Stacking Benjamins
Doug Goldstein | Goldstein on Gelt
Miranda Marquit | Miranda’s 5-minute Outsourcing video
Linda P. Jones | Linda’s 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