EP:66 Become Savvy with Finance

Dr Lois Center-Shabzz

Becoming Savvy About Finance

This week’s episode of MWPF features an interview with  Dr. Lois Center-Shabazz of MsFinancialsavvy.com, an author of several highly rated books on Amazon.com that cover saving, investing and management of day to day personal finance.  She also offers coaching on finance, workshops and a Facebook support group, (WomenVestors) for women and girls focusing on finance.  In this interview, Dr. Lois Center-Shabazz covers her philosophy regarding women and finance along with some very insightful relationship advice on Love and Money.  Listen as she details the journey through her professional career and into becoming a financially savvy investor, author and finance coach.

-Miles.

EP:65 No Fear Credit Repair

Mark Clayborne

Stop Fearing Your Credit.

Episode 65 is an interview Mr. Mark Clayborne of www.startupcreditrepairbusiness.com and author of an www.amazon.com bestselling book on personal credit repair “Hidden Credit Repair Secrets”.  Mark Clayborne has established himself as an authority in the personal credit repair industry and now helps entrepreneurs get started in the business of credit repair as well.  In this interview we discuss Fico scores, paying bills, credit utilization, the high cost of bad credit and authorized users among many other valuable and informative details.  Mark Clayborne’s business model is all about how to get your personal credit on the right track.

-Miles.

Get your FICO Score with Score Watch® today! Click here!

EP:64 Tax Refund Remorse

Rich for the Day

Tax Refund Remorse

After the much advertised delay in sending out refunds, it’s finally time.  In this week’s episode, the focus returns to that once a year so-called pay day that everyone gets all worked up about.  “The Tax Refund” Like a windfall, a breathe of fresh financial air.  Sometimes it’s spent in our minds 19 times before we even get it, just the idea of getting it. The tax refund is maybe one or two steps away from becoming a holiday, just so folks could have even more time to go spend some of that tax refund money.  The car dealers, creditors, retailers and anyone else that typically have slow January sales are all anxiously waiting as they know people are getting the refund checks.  Maybe there should at least be some slick moniker like “SupeR Black Friday” or maybe “GAAP Friday”.  Either way, there’s a lot of opportunity at this time of year for both making good moves or setting the stage for trouble during the rest of the tax year.

-Miles.

EP:63 The Valentine’s Money

No romance without finance

Valentine’s Day is All About The Money.

Pay attention as you get yourself all wrapped up into Valentine’s Day. The flowers, cards and candy.  Watch your spending and the spending of your courtier, if your paying close enough attention you’ll be able to see early signs of good financial behavior or terribly irresponsible spending.  Either way while you sitting at that pre-fixe overpriced cold dinner looking into each others’ eyes, it’s a good time to ask, “hey, so how’s your credit?”.  Pay attention to the surprise in their eyes, or the pleasure to share such information in an attempt to communicate their openess to discuss finance and the future.  And when the bill comes back with no surprise “declined” comment, you realize …they might actually be a keeper.

-Miles.

Get your FICO Score with Score Watch® today! Click here!

EP:62 Fiduciary Immunity

Who’s Looking Out For You When You Invest?

Wolfy The Fiduciary

This week’s episode focuses on the recent news surrounding “The Fiduciary Rule”, which has investors, retirement savers and would be investors trying to figure out just what exactly is “a fiduciary” to begin with.  We’ve come to expect certain business relationships to work in our favor such with a lawyer, our doctors and even the little league coach sometimes, the same applies to many of the professionals that help us invest for the long term.  Investing for retirement, such as IRA’s, 401k’s and similar plans that are handled or managed by investment advisors fall under the rule of fiduciary responsibility.  However, new rules expand this definition to include more people who may be involved or have an influence on retirement investing guidance.   And those new rules focus squarely on the people you trust to steer you and your money in the right direction for your “best interest”.  And, not just steer your money into their pockets.

-Miles

EP:60 Plan For Life and Death

Plan for Both Life and Death, Because Both Have Expenses.

Alysia M. Hicks
Living Wills

On this week’s episode, an interview with Funeral Services Director Alysia M. Hicks.  We discuss the business of managing final arrangements, burials, becoming a mortician/ funeral director, rumors about the business and of course …how much does it cost to bury someone???  In this very straight forward conversation Alysia M. Hicks is able to give some true insight on a range of topics from what it takes to become a funeral director and the level of casket side manner required to be a “Doctor of Dead People”.

-Miles

 

EP:59 Girls Run This M*tha

The Girls Run This M*tha.

Women in business, government, education, medicine, law, running for president, CEO’s, Bankers, and all the rest.  Far more than just the supportive standby spouse, women are leading households and all the office too. How about banking and finance? More than just the corner C-Suite, women are starting their own companies and appointing folks to those corner offices.

Now, something entirely new in the space of infinite possibilities for women, an investing platform geared toward women, focused on everything from their specific lifestyles, life cycles and the way women earn, save and invest.  You might have thought to yourself “poor Hillary”, if you did, you’re missing the whole thing because Girls Run This M*tha. Check out Ellevest and you’ll see.

 

-Miles.

 

EP:56 The Holiday List

Get your FICO Score with Score Watch® today! Click here!

The Personal Finance Holiday List

This is the holiday season and you probably deserve to give yourself the gift of of financial fitness.  At the end of the year during holiday season there’s still time to wrap up 2016 and put a big bow on it.  The Personal Finance Holiday List focuses on maximizing deferred savings, reducing taxes, giving gifts that keep on giving and optimizing your credit profile so you’re not paying the interest that allows other customers to get teaser rates.  Keeping yourself financially fit ultimately allows you to go out and buy gifts for whoever you may desire, you included.  Just remember, charity starts and home, then travels abroad.

-Miles.

EP52 Eric B. is President

Ep52 Eric B is President, and it obviously doesn’t matter.

Eric B for President.
Eric B for President.

In 1986 the song titled “Eric B. is President” was a #1 hit song in the Hip Hop community.  At the time it was a strange title, but the title sank in and it didn’t even matter.  The Hip Hop community went on to take over the music world and Rakim became one of the most well known and prolific rappers in Hip Hop history -still to this day.  He debuted by nominating his DJ for president, that’s 1986, talk about making America great again.

The 2016 election is over and a new president will be sitting in the White House soon.   There’s a lot of anxiety surrounding what is to become of the new presidency?  So the question remains, how will affect your daily finances, your money, your ability to save and invest because that’s all that really matters. In episode 52, what may or may not be of concern with a new presidency.

-Miles

Open for Enrollment

Open Enrollment Options.

Open Enrollment

Annual “Open Enrollment” selections, elections and options are typically around October and November of every year.  Most employees carryover the same options year after year, sometimes this is a big mistake, they’re leaving money on the table and that is not how the game is played.  Much like you would review every line of tax deductions for expenses and credits at tax time, the same should be done to ensure annual elections are “optimized”.  Everyone wants to get the most for their money, with that in mind making a decision for the entire year can be tricky.  It’s necessary to consider everything from frequency doctor visits, dental visits, eye care, prescriptions, relocating or even if you don’t go to the doctor much more than preventative care and checkups here and there.

Consider everything from possible savings by reducing coverage, adding life insurance amounts, and of course the possible tax advantages of an FSA or HSA to help offset those wonderful co-pays and deductibles.  I always wondered who came up with the “co-pay”, like really, a $10. co-pay?!?! Why? It’s always been a pain to make sure you have $10. or $15. in my pocket just for the co-pay!

-Miles.