Be Wealthy & Smart

Billy and Akaisha Kaderli retired at just 38, paving the way for a life of travel and adventure. They share their insightful journey towards financial independence, discussing the strategies that helped them navigate market volatility and achieve work-life balance. Emphasizing minimalism and downsizing, they highlight how lifestyle choices can ease financial pressures. The couple also dives into the significance of diverse income streams and adapting investments, while encouraging financial literacy as crucial for sustaining early retirement.

Learn how to avoid common financial scams. Recently I got an email offer to buy a domaine name for $55,000. It was from a Japanese business who said they had a healthy budget to spend and what price did I want? A second email specified how the transaction would take place and mentioned a German escrow account. They mentioned a 5% commission paid for by both parties. They wanted me to pay to them (5% of $55k = $2,750). I don't think so! What a scam. I also heard a scam involving German escrow accounts was going around. There are more scams happening that I want to warn you about. There's a common one with real estate. I have an article to share with you about it. The article is here: https://www.cnbc.com/2017/10/19/scammers-are-conning-home-buyers-out-of-their-down-payment.html Hit the subscribe button for instant notice of new podcasts! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to think through whether or not to finance a home. A friend called me. Should I finance the home or pay cash? What is the fixed rate? 3.5% 1. Still very low rates. 2. It is tax deductible if you itemize. Will it still be under tax reform? 3. If rates go to 6%, will you kick yourself? 4. You can earn a dividend on a stock that yields 3.5% and earn enough to pay it. 5. Cautious of risk? Think we could be at the peak of a bubble? Then don't borrow 80%, maybe only borrow 60%. Put down more and borrow less. That way if prices drop you hopefully won't be under water. Hit the subscribe button for instant notice of new podcasts!

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! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn 10 things you can do that will give you a positive money relationship with your partner. Hit the subscribe button! The article is here: http://www.news.com.au/finance/david-and-libby-koch/kochie-outlines-the-cornerstones-of-a-happy-financial-relationship/news-story/b37e79b9f8c5c04f1edad73af48105b7 This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn 10 things you can do now that will give you a head start financially in 2018. Hit the subscribe button! The article is here: https://www.cnbc.com/2017/10/16/10-financial-steps-to-take-now-for-a-fresh-start-in-2018.html Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart

Learn the one thing NOT to do after accomplishing a big goal. Hit the subscribe button! Whether on TV or on the internet, there are people knocking the ball out of the park. They are creating new businesses, generating additional revenue streams and having success. If what I said frustrates you, then sit down and have a goal session and re-set your goals. You always want to stay in a positive frame of mind where you are happy to see other peoples' success because it doesn't take anything away from you (there is no scarcity) and it shows you what is possible. So cheer them on! Anyway, after the success, I see the same mistake being made. Can you guess what it is? Can you guess the first financial move they make after making it big? They just sold a business or made a million or had their best year ever. What do they do? Buy a brand spanking new expensive car! Lamborghini, Ferrari, Bentley or top of the line Mercedes, etc. A YouTuber had great success and was under 30 years old…bought a Lambo. It costs over $400k!!! Or the professional skier that bought a Lambo. Or the guy that bought the Aston Martin, or the girl on a reality show who bought a brand new Range Rover. We are talking $100k plus for a car that is guaranteed to be worth quite a bit less in a few years. Maybe the Lambos hold their value better, I don't know, but with insurance and maintenance, it's not cheap. They are trying so hard to impress us that they are "rich". Or maybe they are just trying to reward themselves with their fantasy car. In any case, it's such a huge mistake! Can you imagine investing $400k at 8% for 30 years? Do you have any idea what it would be worth? Take a guess - and this is the true "Opportunity Cost." $4,025,000! This one thing done differently had the potential to set them up for LIFE. And they blew it! The thought is, I'll make more. There's more where this came from. The reality is, a big payday is rare and they often don't have the success again. Don't make this mistake! Don't sacrifice a good time and looking rich, for the opportunity to actually set yourself up for life and be rich! Next time you're on Instagram and see the guys showing off their Lambos, just remember they could have been set for life. Instead, they have a depreciating car that's worth less every year. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to use your health savings account (HSA) like an IRA. Hit the subscribe button! Here is the article: https://www.cnbc.com/2017/10/02/hack-your-hsa-its-not-just-for-medical-costs-anymore.html This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to change your money story with Money Confidence Coach Jen Hemphill. Hear how Jen was able to get a handle on her finances and change her money story. How you can too. Ready for financial freedom? Get "11 Quick Financial Tips to Boost Your Wealth" at http://lindapjones.com.

Learn what a positive message feels like and pass it on. I saw a post like this on InstaGram and it made me feel good, so I'm passing along a similar message to you today. It's short and sweet. This is different than usual today. Try it on for size. Here it is. "In case no one told you today: Hello You are wonderful You are beautiful You are amazing You are appreciated You are respected You are loved and I will add… Hang in there You are capable of amazing things Step forward in faith and Follow your dreams and… Henry Ford said, whether you think you can or think you can't, you're right. I like to say, whether you think you can be wealthy or think you can't be wealthy, you're right. You got this! You can do it!" We all need to hear these things. Take them in and pass them along. You can play this over and over if you like! Like Meryl Streep said in The Devil Wears Prada. "That is all."