Phillip Buchanon was already $1M in debt when he was drafted by the Oakland Raiders in the first round of the 2002 NFL draft. His family and friends used his for money. “Mentors” were helping themselves as much as they helped him….but Phillip learned how to turn it around. He’s written a new book called New Money: Staying Wealthy that details his struggle and is a must-read for anyone who thinks that having a huge NFL contract will solve all of your headaches.
Suzanne Lucas joins in the fun….with tips for managers who want to keep top workers. We also take a question from two listeners….one with a question about whether to rollover a 401k and the other with a question about bonds.
In the headlines, we discuss what to do when you get raises or have big career news….maybe not what you’d hoped to do….AND news about financial advisors using ETFs differently than consumers.
We also talk about our favorite football movies and more.
Thanks to MagnifyMoney.com for sponsoring our podcast!
<> MagnifyMoney – Use StackingBenjamins.com/MagnifyMoney when it’s time (now!) to evaluate your checking, savings or credit cards against those that are best-in-class.
– Got a Pay Raise? Why You Should Shut Up About It (CNBC.com)
Financial Advisors Are Putting ETFs in the Driver’s Seat (CityNewsLine.com)
<11:00> Phillip Buchanon – New Money: Staying Rich
Phillip’s twerking board game on TMZ: I Invented Twerking….in a Board Game
Follow Phillip on Twitter: @PhillipBuchanon
Follow Phillip on Facebook: Phillip Buchanon
Phillip’s Brand: Octocanon
<33:08> Suzanne Lucas – The Evil HR Lady
Check out Suzanne’s Site: The Evil HR Lady.org
The latest: Someday My Raise Will Come — Won’t It?
Maria – Rollover my 401k?
Syed – Bonds?
<48:51> End Show/Movies
Joe and OG discuss their favorite football films