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How much money does it take to feel rich?
Yolanda Campusano and Candace Fritz from Miracle Hill join Mike to discuss the upcoming Kid’s Ninja Challenge. Plus, Mike begins the discussion of how much money survey participants think you have to have to feel wealthy—to be continued next week!
Listen to the EpisodeBEST OF TALKING MONEY: A PENNY SAVED IS A PENNY EARNED
In The Way to Wealth, Benjamin Franklin gave some sage financial advice, even on how to control living expenses. He also gave timeless advice regarding avoiding debt.
Mike talks about some of those pieces of advice as well as answering a listener question about the recent interest rate increase and ideas about how to help others in your local community.
Mikes’ wife Cathy calls in to discuss ways she helped keep living expenses low as she and Mike raised their children.
He also shared an old Saturday Night Live skit.
Listen to the EpisodeBEST OF TALKING MONEY: The Way to Wealth
In 1785, Benjamin Franklin wrote an essay entitled “The Way to Wealth or Father Abraham’s Sermon.” It is a collection of phrases of wisdom and advice that are still applicable today. Phrases like:
- A word to the wise is enough.
- Lost time is never found again.
- Drive thy business, let not that drive thee.
- Early to bed, early to rise, makes a man healthy, wealthy, and wise.
- If we are industrious, we will never starve.
- Never leave for tomorrow what you can do today.
- Since you are not sure of a minute, don’t waste an hour.
- A life of leisure and life of laziness are two different things.
There is a lot of biblical truth in these statements as well. Biblical advice on money is always timely.
Whose money is it anyway? How does the way you spend your money reflect what you believe about money?
Listen to the EpisodeWhat are Financial, Social, and Spiritual Capital?
We all know about Financial Capital, but what are Social and Spiritual Capital and how can you invest in them? Mike discusses some practical ways to invest in Social and Spiritual Capital. The value they provide far exceeds the face value of the money! Plus, how to avoid emotionally driven reactions to inflation.
Listen to the EpisodePART II: The answers you need about the new IRA rules, without the sales pitch!
Which is better—Roth or Traditional IRA? When should you consider a back-door Roth IRA or a traditional non-deductible IRA? What is the new penalty if you forget to take your Required Minimum Distribution? Know the rules or suffer the consequences!! Tune into this Part II discussion!
Listen to the EpisodeBEST OF TALKING MONEY: INSURANCE BASICS
Stephen Piper of Piper Insurance Group joins Mike to answer insurance questions:
- How does inflation affect home and auto insurance?
- What are some ways to save when you add a teenage driver?
- Is there a way to report insurance companies not paying what is due?
- How do you make sure you have enough coverage?
- What about coverage for the contents of the house?
- Do I need to take a video inventory of my possessions?
- What might be involved in the claims process if something happens?
- Should I insure my rental properties under an LLC or under my name?
- If I rent a car, am I covered under my personal policy?
The answers you need about the new IRA rules, without the sales pitch!
Which is better—Roth or Traditional IRA? When should you consider a back-door Roth IRA or a traditional non-deductible IRA? What is the new penalty if you forget to take your Required Minimum Distribution? Know the rules or suffer the consequences!!
Listen to the EpisodeA Trip Down Memory Lane
Mike goes back in time to share his growing up years; the transition to financial planning, including the beginning of PlanFIRST; wrapping up with a special appearance by Paul Wright, the brainchild behind getting Mike into radio and Talking Money. Enjoy and repost!!
Listen to the EpisodeBEST OF TALKING MONEY: BUSINESS LEADERS SHARE THEIR STORY
Ronald Blue Trust clients and business leaders of Eastern Industrial Supplies Inc., Kip and Kim Miller join Mike to answer some personal questions on money, business, and caring for their employees.
Listen to the EpisodeMore Money Leads to A Happier Life, Right?
Jim Wise shares his “money journey” from finally getting his dream home (lasted one week) to advising clients to pay off debt instead of investing. Jim’s story will encourage and convict–with a little humor along the way.
Listen to the EpisodeIs the US economy heading for a soft, hard, or no landing at all?
Senior Family Office Investment Strategist at Ronald Blue Trust, Mark Elam, CFA, joins Mike to discuss the potential for a recession; will inflation ever get to the Fed’s 2% target; and the effect of the debt ceiling standoff in Washington!
Listen to the EpisodeNew IRA RMD and contribution rules and new small business reporting coming soon
Mike and guest expert, Alan Cox, review the RMD and distribution rule changes with the SECURE Act 2.0. Plus, the new Corporate Transparency Act requires SMALL business owners to start reporting personal information about any “beneficial” owner. This is a must listen to podcast for all small business owners!!
Listen to the EpisodeBest of Talking Money: The Bucket Strategy
What is the bucket approach to retirement planning? How do you adjust for inflation?
How can you determine your personal inflation rate? What factors come into play?
Which bucket should I focus on?
What are some different vehicles we use for income?
What are some other ways to try to retain income security in retirement?
Listen to the EpisodeHow is Social Security Income taxed and what you can do to reduce those taxes
Social Security expert, Eddie Holland, CPA/PFS, CFP, CKA, joins Mike to discuss how to reduce the taxes on your Social Security and the premiums on Medicare. Plus, what should widows consider when deciding which claiming strategy to choose. Get the information you need—WITHOUT the SALES Pitch!
Listen to the EpisodeTax saving opportunities for last year (2022) and this year!
There are steps you can take before April 18th to lower taxes for 2022. Mike discusses the contribution rules for IRAs, HSAs, and 529 plans. Plus, how to calculate the basis of any mutual fund shares you sell so you don’t pay taxes on the same income TWICE! Mike wraps it up with more tax planning tips for this year too: 0% long-term capital gains, bunching deductions, back door Roth IRAs, etc.
Listen to the EpisodeWhy do we have the Federal Reserve Bank? Plus, how safe is your money in the bank?
Art Seaver, CEO of SouthernFirst Bank joins Mike to discuss how safe your money is in the bank. Also, Art was on an advisory council at the Federal Reserve for 6 years. Mike and Art discuss the reasons for the Federal Reserve Bank and how the “Feds” rate changes affect other interest rates.
Listen to the EpisodeBEST OF TALKING MONEY: HOW CAN TRUST SERVICES BENEFIT MY FAMILY AND ME?
Senior Personal Trust Officer, David Laign, joins Mike to discuss the various types of trusts and when to consider using one; How to choose a trustee and Personal Representative; What are the advantages of using a Tennessee-chartered public trust company.
Listen to the EpisodeBEST OF TALKING MONEY: WHAT IS A DONOR ADVISED FUND AND HOW IT CAN HELP YOU SAVE TIME AND MONEY
Gift Planning Attorney, Daniel Hicks joins Mike to discuss this great planning tool.
Listen to the EpisodeAnnuities: best product since sliced bread or a house of mirrors? Part 2
The Wall Street Journal in 2014 published an article entitled “Beware of the annuity house of mirrors”! Last week and this week Mike gives you the information you need to be a smart consumer of annuities.
Listen to the EpisodeAnnuities: best product since sliced bread or a house of mirrors? Part 1
The Wall Street Journal in 2014 published an article entitled “Beware of the annuity house of mirrors”! For the next two weeks, Mike gives you the information you need to be a smart consumer of annuities.
Listen to the EpisodeSponsored By:
