Investing

MONDAY MONEY TIP PODCAST: Graduation – Now What?

Welcome back to another episode of the Monday Money Tip Podcast! Graduation is just around the corner for many high school and college seniors and they will start to enter the workforce. Today on the podcast, we will discuss some tips on how these individuals can more easily navigate this new season of life. In our Current Money Events segment, we will discuss the history of the stock market. Lastly, we will share a success story from an individual who was able to see positive changes in her finances after attending one of our live speaking events.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Get an all new stock market update in our Current Money Events portion of the podcast.
  • Our success story today comes from an individual who attended a Financial Learning Experience and has already experienced a positive change in her finances.
  • We will share some tips for those graduating high school and college and starting their first jobs.
  • Learn how much you can save year over year simply by packing your lunch.

Resources:

IWBNIN Saving and Investing Tools
Dow Jones
NASDAQ
New York Stock Exchange
See Our Team Live
IWBNIN Ladder
Investing Calculator

Quote of the Day: “You never have to recover from a great start!” – Ken Friar

MONDAY MONEY TIP PODCAST: Top Money Questions – April 2019

Welcome back to another episode of the Monday Money Tip Podcast! It’s the last Monday of April so we’re answering the top money questions from our listeners from this month. Today’s questions will range from car loan interest to debt consolidation loans. We will also discuss unemployment rates during our Current Money Events portion of the podcast. Lastly, we will share a success story from a couple who was able to lower their cable bill and mortgage interest rate!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take the next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • It’s the last Monday of April! We’re going to answer your top money questions from this month. Today’s questions range from interest on car loans to being laid off to debt consolidation loans.
  • Hear about current unemployment rates in our Current Money Events portion of the podcast.
  • We will share a success story from a couple who was able to lower their cable bill and mortgage interest rate to free up cash for high-interest debt.
  • Learn the difference between term and whole life insurance and which is better for you.

Resources:

IWBNIN Free Tools
Bureau of Labor Statistics
Unemployment Rate Article
IWBNIN Book
Episode 14
Episode 15
Oxen Book
IWBNIN Ladder
Voya Retirement Calculator
Fidelity Retirement Calculator
IWBNIN Retirement Nest-Egg Calculator

MONDAY MONEY TIP PODCAST: Top Money Questions – March 2019

Happy Monday! Today on the Monday Money Tip Podcast we will be answering your top money questions for the month of March. Questions today will range from credit cards to emergency funds to bankruptcy. In our Current Money Events segment we will discuss the current U.S. National Debt and explain what you can do to help! Finally, we will hear a success story from an individual who got her finances in order and gained a vision for her financial future.

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

 

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Get an update on the U.S. National Debt and find out how you can help reduce the deficit.
  • Hear a success story from an individual who got her priorities in order and now has a vision for her future.
  • We will be answering your top money questions from the month of March. Today’s questions range from credit cards to emergency funds to bankruptcy.
  • Learn the Rule of 72 and how it relates to the growth of your investments.
  • We will explain what dollar-cost averaging is and how it benefits you as an investor.

Resources:

IWBNIN Free Tools
IWBNIN Ladder
IWBNIN Next Steps: Banking


Quote of the Day: “The man who asks a question is a fool for a minute, the man who does not ask is a fool for life.” – Confucius

MONDAY MONEY TIP PODCAST: Joe’s Current Investments

Welcome back to another episode of the Monday Money Tip Podcast! This week, we will discuss the stock market in our Current Money Events segment and you’ll hear the “Joe Sangl” approach when it comes to investing and the diversification of income. Lastly, we will share a success story from a listener who created financial margin in her life and even forgot it was payday!

It’s our goal at the end of each episode that you gain hope and encouragement in your financial journey, you’re equipped to take a next step, and that you’ve had FUN with us!

Find the Monday Money Tip Podcast HERE. Please let us know what you think by leaving us a rating!

Email info@iwbnin.com to ask questions or share success stories.

NOW AVAILABLE TO DOWNLOAD:

iTunes
Stitcher
Spotify
Website
YouTube

About the Episode:

  • Hear a stock market update in our Current Money Events segment.
  • We will share the “Joe Sangl” approach of how to diversify income.
  • Hear a success story from an individual who created financial margin in her life and forgot it was payday.

Resources:

IWBNIN Saving & Investing Tools
Oxen Book
Social Security Calculator
Net Worth Calculator
Charles Schwab


Quote of the Day: “The Bible says in 2 Corinthians 9:6 that if you sow generously, you will reap generously. If you sow sparingly, you will reap sparingly. But what if you sow nothing at all? I suspect you will reap nothing!” – Joe Sangl

401(k)’s Explained

I’m sure by this point you know it is very important to save into a retirement account so that at one point you can stop working. But this can be confusing to navigate when you are unsure of what the different accounts are and how they work. The numbers and letters are thrown around so often it can be easy to feel like you should just KNOW what everything means. But what exactly is a 401(k)?

Simply put, a 401(k) is a retirement savings plan that comes from Section 401 part k of the IRS tax code. It is what is known as a “pre-tax” investment which means that generally you are able to deduct annual contributions on your taxes each year. Once the money is in the account, it grows tax-free until you withdraw the money. At that point, you will have to pay taxes on your initial investment and also any growth that has accumulated.

If your employer has a 401(k) available for you to invest in, most times they will also offer a match up to a certain percentage. For example, some employers may match dollar for dollar up to 6%. So if you invest 6% of your paycheck into your 401(k), your employer will match that 6%. That’s FREE money!

401(k)’s can be a fantastic vehicle to accumulate money for retirement. While it can be confusing with so many different types of accounts the key is to get started saving and never turn back!

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