Quick Tips

Is This A Bitcoin and Cryptocurrency Bubble

I’m sure you’ve heard the news. Bitcoin is at an all-time high. Cryptocurrencies are all the rage. But, what exactly is a Bitcoin and other cryptocurrencies and should they be something that you invest in? While that is an individual decision, Daniel and Kendy from Millennial Wall Street (a Facebook group) are here to demystify all things cryptocurrency.

On This Podcast Episode:

  • Find out what exactly a Bitcoin is
  • Learn about the cryptocurrency market and the future of these currencies
  • Understand the pros and cons of investing in cryptocurrencies
  • Check out tips from Daniel and Kendy – our resident cryptocurrency experts
  • Discover why investing in these currencies is not for the faint of heart

About Our Guests:

Daniel Sigal is the founder of Millennial Wall Street, the financial analyst at fintech/payments startup Grink, an avid investor and equities researcher, and working on his BS/BA in finance, accounting, and economics. Connect with him via LinkedIn or on Twitter: @danielsigal.

Kendy Lane has a BA in Economics and a BS in Finance. She’s the hostess of the Crypt Keepers’ Club, passionate about research, and processing data. She doesn’t fold sheets, she just spreads them! Connect on YouTube and Twitter: @kendinomics.

Sponsored By:

Our friends at Care/of. Find out what vitamins are right for you. Go to takecareof.com and take a short quiz to get your personalized vitamin recommendation. Use offer code MONEY at checkout for 50% off your first month of vitamins.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

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Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

Ask Me Anything – Student Loans, Investing, Car Loans & Extra Cash

I love reading all of your Ask Me Anything questions and this week I’m tackling three new questions and a clarification around student loan forgiveness. In the weeks coming, I’ll be tackling even more of your ask me anything questions, including some stellar podcasts with guests around alternative investing (aka Bitcoin and more).

On This Podcast Episode:

  • I’m clarifying the student loan forgiveness issue and taxes due (sorry for any confusion around that)
  • Should you be thinking about alternative investing in gold, silver and real estate
  • Is it smart to pay off your car loan with your savings
  • You’re in a good place with your money and trying to figure out where to stash extra cash
  • All these questions and more…

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

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Savings For Your Child’s College Fund – Abby Chao, CollegeBacker

Many millennials are starting to have kids of their own and that means they’re also starting to think about saving for college for the little one. With student loan debt and retirement to think about, putting aside extra cash for college might not be a top priority. However, as with anything, saving even a little now can help build a nice college fund down the line.

Find out tips to save for your child's college fund.

On This Podcast Episode:

I’m chatting with Abby Chao, COO of CollegeBacker, a tech company that she co-founded to help parents find efficient ways to save for their children’s college education. There’s a lot of confusion out there around saving for college – so Abby’s helping demystify it all.

Not only that, but Abby is a millennial herself, and shares her own journey to launching a tech company and why she says you should gain all the expertise you can before you start your own business.

Head on over to CollegeBacker to sign up and have your account funded with $25 of matching funds from CollegeBacker to kickstart your college fund. 

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

 

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Trump’s Student Loan Proposal – What It Means To You

If you’ve got student loans then you should definitely pay attention anytime new legislation is talked about around your loans. While many people are grandfathered into the old rules, new rules could dramatically change your finances. While Trump’s student loan proposal is just a proposal, find out what it might mean to you.

On This Podcast Episode:

I’m cover 5 tips that you need to know about Trump’s proposed student loan reform and student loan forgiveness. There’s a lot of talk out there about what’s changing, what’s staying, and how you can get your loan forgiven. You must do your research and find out what’s relevant to YOUR situation because no one else is paying your bills but you.

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

Getting Yourself Ready For Open Enrollment

Healthcare is a mess. There, I said it. Even as messy as it is, open enrollment has rolled around again and November 1 – December 15 you’ve got to make your healthcare selection if you’re choosing to go the Affordable Care Act route. While most things haven’t changed since last year, there are a few tips to help you breeze through this year’s open enrollment.

what you need to know to breeze through open enrollment 2017.

On This Podcast Episode:

  • Find out what’s changing and what’s staying the same with open enrollment
  • Finally understand deductible, co-pays, co-insurance and out-of-pocket max
  • Learn two other ways to boost your healthcare savings
  • What options do you have if your company’s plan isn’t so great

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

You Spent Money On What

I’ve heard some crazy stories about the most ridiculous things that people have spent money on over the last 11 years. Everything from expensive snake charmers that doubled as a fortune teller, to stories of selling everything and moving abroad only to find out that the future spouse that was promised was not indeed the person on the app. Sometimes spending money on something you want is about more than just dollars and cents – and that’s ok.

Sometimes money advice is about more than dollars and cents.

On This Podcast Episode:

Traditional finance theory will tell you that you must follow certain rules to be smart financially. While those certainly do hold true, I argue that we all need room to break the rules from time to time. In this perfection society, it’s time to figure out how to live your life and be smart financially, because they aren’t mutually exclusive.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

Are Fees Eating Your 401(k) – Chris Costello, Blooom

It’s quite possible that fees may be eating your 401(k) returns and you aren’t even aware of it. There is a lot of confusion out there about how 401(k)s even work, let alone that some funds may be costing you a bundle. If we’re going to start making smart money moves taking a look at your 401(k) and what it’s costing you is a good place to start.

 

On This Podcast Episode:

I’m chatting with a podcast guest that’s always a favorite, Chris Costello from Blooom (with three o’s). I’ve honestly never seen a company quite like Blooom and I always love when we can chat about 401(k)s. We’re covering:

  • Why fees even matter in your 401(k)
  • How you can figure out your ideal stock/bond ratio
  • Ways you can control fees – to some extent
  • Why your behavior has a lot to do with your 401(k) balance
  • How to figure out how much you’re actually paying in fees

Click here for a FREE analysis of your 401(k) with Blooom.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

 

Could Your Retirement Account Get Hacked

We’re all fully aware of the Equifax debacle where millions and millions of people’s information has potentially been exposed to hackers. We’ve also heard of breaches at places like Target and Sonic. Most of us aren’t thinking that our retirement and brokerage accounts are actually primed and ready for hackers – but they are – and you need to be prepared.


On This Podcast Episode:

The answer is yes – your retirement and brokerage accounts can get hacked. Reason number  3 million 52 as to why you need to stay on top of your money, at least every month, to make sure you haven’t been breached.

We’ll chat about what you need to know to keep your accounts safe and some steps you should take in case you are hacked to make sure you can get the money put back into your account…because there aren’t laws around that.

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

Are Robo-Advisors Overrated

Robo-advisors are a fast-growing trend, with some experts predicting they’ll manage 10% of all global assets under management by 2020. The investment platforms allow users to manage their portfolios through computerized algorithms rather than consulting a personal advisor and are popular with younger, tech-savvy millennials. But, are robo-advisors overrated, or are they really the next best thing?

On This Podcast Episode:

I had a chance to chat with Steve Williams, Senior Vice President and Head of Financial Planning in the U.S. with BMO Private Bank, about his thoughts on robo-advisors. I wanted to find out some of the pros and cons for robo-advisors and what new millennial investors should be thinking about.

Links Mentioned:

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

What To Think About When Airbnbing Your Place

What’s better than making a little extra cash each month? The rise of Airbnb rentals has allowed a whole generation of millennials to become business owners by renting out your home, apartment, or condo. While the extra cash is great – there are a few money tips you need to think about to make sure you’re playing by the rules.


What you need to know before you decide to Airbnb your place.

On This Podcast Episode:

  • Learn about the important 14-day rule when it comes to rental property
  • Understand the limitations of your homeowner’s or rental insurance
  • Find out why an umbrella policy might be a good money move
  • Figure out how to set up your Airbnb rental to make sure you’re keeping good records to maximize profits and in case of an IRS audit

Links Mentioned:

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