Cameron Huddleston from Kiplinger joins us to talk about a 27 year old who is already a millionaire. How did he do it? What were the keys to his success? You might be surprised.
(You also might be surprised…as were we….to find out that he lied. Here’s a link to the correction from Yahoo! Finance).
They also discuss the problem of baby boomers not moving out of their homes. Some (the ones with the least amount of money, in fact) say they’re going to upscale in retirement. Is this good or bad news? The team weighs in.
Joe & OG discuss recent problems in the FOREX market. How will these banking probes affect your money?
We take a letter from a listener about building his own portfolio AND Joe reviews Big Hero 6.
People Not Ready For Higher Interest Rates – The Guardian
Forex Market Problems
<> My Dad’s Shortwave Roundtable
On Today’s Podcast:
– Cameron Huddleston – Kiplinger
(Check out her column, Kips Tips)
– Paula Pant – Afford Anything
(Here’s her epic update involving her AirBnB hosting experiment, including a police incident and more)
– Len Penzo – LenPenzo dot Com
(Try out Len’s Primer on the true meaning of a dollar)
Baby Boomers Not Moving Out of Their Homes – CNNMoney
27 Year Old Millionaire (now with the correction) – Yahoo! Finance
8 Things You Didn’t Know About Saving For Retirement – Kiplinger.com
John asks – How Do I Start Putting Together My Own Portfolio?
(OG’s answer involves a discussion on asset classes, mid and small caps overlap often with regard to fluctuation. Joe compares a portfolio to a ship, with bonds being the anchor, large caps the hull and international and smaller stocks are the sail).
<> End Show
Big Hero 6 review