How do you pull yourself away from the Los Angeles riots happening in your backyard, and make a life for yourself? Natalie Torres-Haddad tells her story to become the Financially Savvy Latina on today’s show. She’ll inspire you with her stories about paying off lots of student debt, paying for her last year of college through scholarships (even though the first seven scholarships she applied for denied her), investing in real estate in her mid 20’s, starting a non-profit, and more. We’ll talk about what books she read, the advice she received, the focus she had to maintain and more on today’s show.
Plus, in our headlines segment, we’ll cover a tax plan involving NO tax shelters. How does it work? We’ll explain. We’ll also tackle some of that financial jargon you hear on the financial news shows. Dead cat bounce? Green shoots? Catch a falling knife? What do these and other popular investing colloquialisms mean? We’ll also talk about.
We’ll of course have more from the world of financial planning, throw out the Haven Life line to lucky listener Brett, who wonders about his 401k. They’re ending the program but he’s still working at his job. Can he roll it over to an IRA? Of course, we’ll still score with some of Doug’s delightful trivia, and more.
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Show Notes:
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Why compromise with investments when you can use an intuitive, easy-to-use, robust platform? M1Finance combines the power of automated investing platforms with the flexibility of do-it-yourself but more expensive brokers. Be Invested.
<4:11> Headlines
- Is the market ‘frothy?’ A beginner’s guide to Wall Street jargon (MarketWatch)
- You Can Pay $0 in Taxes on Your Retirement Income (Kiplinger)
<17:18> Natalie Torres-Haddad
Visit Natalie’s sites at: FinanciallySavvyIn20Minutes.com and FinanciallySavvyLatina.Weebly.com
Drop a line on Twitter: @finsavvylatina
<40:04> Doug’s Trivia
What is the end of the year moment known as the “Santa Claus” rally that investors look forward to?
<44:19> Haven Life Line
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.
- Brett works for a 401k and is the only one who contributes. What does he do with the money in the 401k while he’s still working there? Can he roll it over to an IRA now or does he have to wait?
<49:04> Letters
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
- Jonathan has taken his Christmas bonus and started his very first (6-month) emergency fund. He knows the fund should be liquid, but is there a way to get higher growth than a regular savings account?
<> Join us Wednesday
A big thanks to Natalie Torres-Haddad for appearing on today’s show! Now that the Detroit Auto Show is winding down, you might be thinking, “Man, I need a new ride!” Clark Howard joins us Wednesday to share how to score your best new car deal from a car dealer AND how to score your best deal on a used car as well. Thinking about a lease? Clark will cover that, too!
[…] Want to hear more from Natalie? She’s been a featured guest on the show! You can listen to our interview here: How I Grew My Wealth: From LA Riots to Financial Security […]