How do you balance getting what you want now without mortgaging your future? Or on the other hand, how do you avoid have ZERO fun today while you prep for a rosy tomorrow? We often recommend that you look at your situation as if you’re a business, and today we’ll talk to a man who led one business to amazing results, the former CEO of Honeywell, David Cote.
Plus, the cryptocurrency market value has topped $1 trillion, with Bitcoin now worth over $38,000 a coin. Feeling the itch to jump into the Wild West of investing? We won’t stand in your way, but we do have a few stories about us selling a coin or two… WAY before we should have. In our second piece, is paying to improve your credit a smart play? We’ll discuss everything from good habits to shady house financing, automation, and The Big Short.
Should you be paying taxes on your unemployment? Mike called the Haven Life Line after he noticed there were no taxes automatically deducted from his two months of unemployment. Should Mike worry about the IRS coming after him later? We’ll answer that question, share Doug’s trivia, and we’ll be skeptical about exactly how many people actually listen to the podcast. Is it really two or maybe only just mom? Enjoy!
A special thanks to our sponsors who give us the power to make three brand-new episodes a week.
Navy Federal Credit Union
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Time to Dip Into Cryptocurrency?
- Crypto market value tops $1 trillion as Bitcoin hits $38,000 (InvestmentNews)
Paying to Fix Your Credit?
- Credit Repair: Should You Pay to ‘Fix’ Your Score? (Money)
- Looking to improve you credit? Start by making sure nothing is out of place on your reports: Experian, Equafax, Transunion
Honestly, if you haven’t had a chance to watch The Big Short yet you’re missing out. Check out the trailer:
A big thanks to David Cote for spending some time with us today! Did you love today’s conversation? Want more from David? Order his book, Winning Now, Winning Later, below:
- Bill Gates stepped down as CEO of Microsoft on this date in 2000. Who immediately replaced him?
Thanks to Haven Life Line for sponsoring our listener segment today! Need Life Insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Mike asks: does he need to pay taxes on his unemployment?
Written by: Richie Rutter-Reese