Be Wealthy & Smart

475: Learn why Mark Cuban's advice to put all of your winnings in the bank is the wrong move and what you should do. This is Part 3 of my Lottery series of podcasts. Part 2 received HUGE downloads, so thank you! The article is here: https://www.cnbc.com/2018/10/24/mark-cuban-to-lottery-winners-dont-invest-the-money.html?recirc=taboolainternal I disagree with putting it all in the bank, because FDIC coverage is limited to $250,000 per bank, per depositor. The bank does not always have a broad selection of investment options. There's so much that doesn't make sense in this article, I suggest you listen to it to hear all of my concerns! If you want to know what I think you should do with a large amount of sudden wealth, go to podcast #429, "7 Ways to Maintain Your Sudden Wealth" and #75, an earlier podcast I did about sudden wealth. You'll have to go to my website for #75, at http://lindapjones.com. Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Available at Amazon: http://amzn.to/2Hy9qk4 International buyers can now get my book at http://amazon.co.uk Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at http://lindapjones.com/podcasts Please subscribe, rate and review the show. Today's sponsor is Audible - Get your first audiobook for FREE today, here: https://www.audible.com/lp/freetrial?source_code=PDTGBPD060314004R Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve.

Learn how much you really net after taxes, why the lottery is overrated, and how you can create your own abundance and prosperity. There was one lucky winner of the $1.5 billion lottery jackpot. How much will the check really be for, after state and federal taxes? This is part 2 of my lottery podcasts. If you haven't listened to podcast #473, I suggest you listen to it too. The article is here: https://www.cnbc.com/2018/10/24/biggest-us-mega-millions-and-powerball-lottery-prizes-ever.html Why do most lottery winners go broke within 5 years? Are huge mansions and diamonds the size of ice cubes going to make you happy or happier? How can you use the lottery jackpot to inspire your own personal wealth plan to financial freedom? Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at http://lindapjones.com/podcasts Please subscribe, rate and review the show. Today's sponsor is Audible - Get your first audiobook for FREE today, here: https://www.audible.com/lp/freetrial?source_code=PDTGBPD060314004R Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve.

Learn why winning the lottery jackpot isn't necessary for you to have financial freedom or be happy. There is a happiness satiation point, usually around a $105,000 annual income, according to research (see podcast #414). More money doesn't make you happier, but spending does give you a temporary high. The endorphins only last a few days, requiring you to continue spending to keep the endorphins flowing. This can end badly and has for many lottery winners. Instead, take control of your wealth building and follow the 6 Steps to Wealth, especially saving a nestegg, investing in a money engine and compounding at a high rate. I give an example from the Wealth Heiress book of 2 people earning the same amount of money, but because they make different choices, one ends up broke, the other, a millionaire. This could be my edgiest podcast yet! Don't miss it! Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at http://lindapjones.com/podcasts Please subscribe, rate and review the show. Today's sponsor is Audible - Get your first audiobook for FREE today, here: https://www.audible.com/lp/freetrial?source_code=PDTGBPD060314004R Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve.

Learn why selling can be a huge mistake, how a few days can make a huge difference and how to reduce risk. The link to my Forbes.com article is here: https://www.forbes.com/sites/nextavenue/2018/10/16/what-to-do-after-a-stock-market-crash/#59fc579f77df Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at http://lindapjones.com/podcasts Please subscribe, rate and review the show. Today's sponsor is Audible - Get your first audiobook for FREE today, here: https://www.audible.com/lp/freetrial?source_code=PDTGBPD060314004R Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve.

Learn how other people's money (OPM) and the smart use of debt can build your wealth. Not all debt is inherently bad! Why is mortgage debt triggering people? Mortgage rates are only 5% for 30 years and are partially tax-deductible. Credit cards with high interest rates are the real culprit! Don't use debt for depreciating assets. Mortgages can be great forced savings plans because the debt will become equity. In this podcast I help you think through why you may want to set up a retirement plan before paying off your mortgage. Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at http://lindapjones.com/podcasts Please subscribe, rate and review the show. Today's sponsor is Audible - Get your first audiobook for FREE today, here: https://www.audible.com/lp/freetrial?source_code=PDTGBPD060314004R Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve.

Learn how bubbles and cycles were discovered and how to use them to become a better investor. A photo of the graph is on my website at http://lindapjones.com/podcasts, episode #470. Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at http://lindapjones.com/podcasts Please subscribe, rate and review the show. Today's sponsor is Audible - Get your first audiobook for FREE today, here: https://www.audible.com/lp/freetrial?source_code=PDTGBPD060314004R Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve.

Learn why saving money is so important to wealth building. Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Available at Amazon: http://amzn.to/2Hy9qk4 Join me on Instagram at http://Instagram.com/lindapjones All podcasts are available at http://lindapjones.com/podcasts Please subscribe, rate and review the show. Today's sponsor is Audible - Get your first audiobook for FREE today. Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve. Visit Audible and get your first audiobook free at http://www.audibletrial.com/BeWealthyandSmart

Learn about interest rates, home prices and building stock trends. The article is here: https://www.cnbc.com/2018/10/09/mortgage-rates-jump-past-5percent-signaling-more-home-price-cuts-ahead.html Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Now available on Amazon here: http://amzn.to/2Hy9qk4 Join me on Instagram.com/lindapjones. All podcasts are available here: http://lindapjones.com/podcasts Please subscribe, rate and review the show.

Learn what the best performing U.S. Diversified Stock and Overseas Stock categories are YTD from Lipper Inc. via Investor's Business Daily. The link to the chart is here: http://lindapjones.com/fund-performance-september-30-2018 Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Now available on Amazon here: http://amzn.to/2Hy9qk4 Join me on Instagram.com/lindapjones. All podcasts are available here: http://lindapjones.com/podcasts Please subscribe, rate and review the show.

Learn what the pros and cons are about the Stash app. I want to stop here for a moment and talk about your health, because what good is wealth if you're not healthy? Good health is an important asset! That's why I want to tell you about Care/of. Care/of delivers your vitamins right to your door in personalized, easy to remember daily packs - perfect for a busy, on-the-go lifestyle. It's personalized for your needs because Care/of's online quiz asks you about your diet, health goals, and lifestyle choices and takes only 5 minutes to find out what vitamins and supplements you specifically need. When I took the quiz, I was looking for more energy and it gave me suggestions that were cutting edge. You can track your progress with the care/of app and earn rewards when you remember to take your vitamins. Care/of's delicious, nutrient packed quick stick powders can be added to your monthly delivery for an extra, easy boost wherever you need it. Your monthly subscription can be modified at any time. There's a special discount for a limited time. For 25% off your first month of personalized care/of vitamins, visit takecareof.com and enter "wealth." That's www.takecareof.com, promo code "wealth" and save 25% your first month. Invest in yourself and your health. Wealth requires knowledge + action. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Now available on Amazon here: http://amzn.to/2Hy9qk4 Join me on Instagram.com/lindapjones. All podcasts are available here: http://lindapjones.com/podcasts Please subscribe, rate and review the show.