Be Wealthy & Smart

Learn if you are pre-disposed to wealth or if it is a matter of habits and choices. Do you know that wealth is a choice? Learn the 6 Steps to Wealth and how to go from $0 to wealthy. It's not about how much you make or how much you don't spend. For example: Person A: Makes $40,000 per year. Over their working lifetime of 30 years, they will earn $1.2 million. How much of that money will they keep? The average savings rate in America is currently 2.8%... ...And 2.8% of a $40,000 annual income is $1120 per year saved; a total of $33,600 saved over 30 years. Person B: Makes $40,000 per year. Invests $5500 per year (maximum under age 50) in an Individual Retirement Account (IRA) and averages 10% in the stock market for 30 years. They retire in 30 years with $1,091,160. In 30 years, Person A will have $33,600 and Person B will have $1,091,160. Which one are you? Connect with me on Instagram.com/LindaPJones for a daily wealth tip.

Learn what characterizes the late stage of an economic cycle, how it can indicate what's coming in the stock market, and where to invest. Please subscribe and review the podcast!

Learn answers to questions from listeners. Be sure to subscribe and leave a review!

Learn what sector funds are performing the best year-to-date. See performance chart posted on my website at www.lindapjones.com. Subscribe to Be Wealthy & Smart and leave a review!

Learn why "money is like a newborn baby. You have to prepare for it and learn about it BEFORE it arrives.

Learn what habits are supposed to make you a millionaire and which ones really will. Recently I came across an article on habits to become a millionaire. The only problem was, it was so ridiculous it made me laugh! Here are some of the points they said could make you a millionaire: If you make your bed, you're 206% more likely to become a millionaire. Seriously. Make your bed? Hmmm. What else did it say? Well, it didn't recommend any specific financial things to do, but a list of seemingly random things like: *Smile at your neighbors *Wake up early *Read books (but not necessarily financial ones) *Make a to-do list *Work hard *Don't gossip *Talk less *Listen more Seriously! This was the list! This is supposed to be great information to help you become a millionaire? I don't think so. Financial information should help you get ahead, be specific and actionable. Financial literacy is lacking, this is a good example why. Becoming a millionaire isn't random acts, it's specific steps. That's why I coined the "6 Steps to Wealth". It's the step-by-step description. 1. Create a Wealthy Mindset 2. Save a Nestegg 3. Find a Mentor/Knowledge 4. Invest in a Money Engine 5. Compound at a High Rate 6. Protect Your Wealth Hit the subscribe button for instant notice of new podcasts!

Learn the pros and cons of airline credit cards and if they are right for you. Here is the article: https://www.cnbc.com/2018/06/01/before-signing-up-for-an-airline-credit-card-weigh-the-benefits-against-the-cost.html Be sure to subscribe to Be Wealthy & Smart!

Learn why mail fishing crime is on the rise and how to protect your money. According to the NYPD, mail fishing is on the rise and you may not be familiar with how it is happening. This is from an article on CNBC.com: https://www.cnbc.com/2018/05/25/as-computers-get-harder-to-crack-thieves-are-pillaging-mailboxes.html Please subscribe to Be Wealthy & Smart and leave a review!

Learn 3 ways millionaires think differently and how you can apply it to create your wealthy mindset. Be sure to subscribe to the podcast!

Learn how a divorcee spent her $2.5 billion settlement and what mistakes to avoid.