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Description
Hosts Daniel Yerger & Jessica Goedtel discuss the worst ideas in finance.
Produced by MY Wealth Planners, a Registered Investment Adviser in Colorado, and Pavilion Financial Planning, a Registered Investment Adviser in Pennsylvania.
You can find more information on our websites:
https://www.mywealthplanners.com/
https://www.pavilionfp.com/
22 Episodes
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Jess wants to bank on herself like the Rockefellers. Dan points out the Rockefellers never needed life insurance to buy whatever they wanted.
Jess asks if she should work with a financial coach. Dan points out that she knows more than them, and is actually liable for her advice.
Jess asks if she should buy NFT art, and Dan points out that NFTs are worthless and it's an insult to art to call them art.
Dan asks if he should by a Timeshare, and Jess reminds him that spending money on the same vacation for the rest of your life is probably not a great idea.
Jess asks Dan if she should try out real estate as passive income. Dan explains there is no such thing as passive income in real estate.
Dan and Jess address the age old myth that renting is throwing money away, and discuss all the assumptions that go into the myth.
Dave Ramsey blows up over the idea that you can't withdraw 8% annually in retirement and Dan and Jess sort through the wreckage.
Jess asks our guest if the Employee Retention Credit really is free money. Spoilers: It's not.
Jess asks Dan if she should make money by investing in dividend stocks and Dan reminds her that she's fluent in taxes.
Dan wonders if thinking really is the key to becoming wealthy. Jess explains that it's far more profitable to just run a lifetime of grifts before and after writing a non-sensical best seller.Matt Novak's Writeup: https://gizmodo.com/the-untold-story-of-napoleon-hill-the-greatest-self-he-1789385645
Jess is dying of COVID and leaves Dan to fend for himself in the middle of his own wedding season. He doesn't last long.
Jess asks if it's worth paying for hope, and Dan crushes the hope that there is.
Dan asks if he should become a Finfluencer. Jess points out that finfluencers give bad advice.
Dan and Jess light themselves on FIRE talking about "Financial Independence Retire Early" and its associated physical and mental health problems, along with, of course, grifts.
Dan asks Jess if he should take up a side hustle. Jess rages about burnout.
Dan says he wants to do tax prep. Jess, as a tax preparer, rips his head off.
Jess asks what the big deal is with revenue sharing. Dan bores her to tears with the awful, technical, details.
Jess asks Dan if she should buy a leveraged indexed universal life policy, and Dan nerds out on the "no."
Daniel and Jessica consider getting a total money makeover until they realize that the person giving the makeover is... questionable.Show Notes: https://melissajhogan.com/my-statement-regarding-ramsey-solutions/ https://religionnews.com/2021/01/15/dave-ramsey-is-tired-of-being-called-a-jerk-for-his-stands-on-sex-and-covid/ https://www.glassdoor.com/Reviews/Employee-Review-Ramsey-Solutions-RVW32951091.htm https://www.cbsnews.com/news/dave-ramsey-getting-sued-150-million-law...
Dan asks if "The Psychology of Money" will help him understand financial psychology better. Jess explains why it probably won't.
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