Financially Simple

In episode 212 of Financially Simple, Justin considers whether or not you should use your IRA to buy investment property. Can you use your IRA savings to invest in real estate? Yes, you can - but should you? Justin looks at the ins and outs of using your IRA to invest in property, and gives his advice on whether or not it is a good idea. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 02:00 - Should You Use Your IRA to Buy Investment Property? 03:07 - Real Estate IRA Rules & Regulations 04:18 - You Cannot Buy Your Own House 05:45 - You Cannot Have "Indirect Benefits" 06:33 - You Cannot Use Your Personal Name 07:18 - Real Estate Can Be Purchased Without 100% IRA Funding 08:25 - UBIT Tax 09:16 - Expenses Must Be Paid From Your IRA 10:20 - Real Estate IRA Income Must Return to Your IRA 10:49 - So, Should You? 15:56 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube

In episode 211 of Financially Simple, Justin looks at options for investing in Real Estate without the headache of buying property. When it comes to investing in Real Estate, there are options to invest without buying property and having to deal with the hassle of managing the property yourself. Justin goes over Real Estate Investment Trusts, and Crowd Funding options for Real Estate investing. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 01:50 - How to Purchase Real Estate Without Real Property Headaches 03:56 - Real Estate Investment Trusts 10:49 - REIT: Non-traded 14:35 - REIT: Publicly Traded 16:07 - Which is Better? 17:51 - Crowd Funding Options 23:43 - The Bottom Line _________________ RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _______

In episode 210 of Financially Simple, Justin explains Cash-On-Cash Return for Real Estate Investments. Keeping track of the value of a Real Estate investment can be difficult - Cash-on-Cash Return is one way to follow the income of a property investment. Justin gives the Financially Simple what, why, and when of Cash-on-Cash Returns. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:05 - Investors Must Focus on Cash-on-Cash Return 01:19 - What is Cash-on-Cash Return? 03:06 - Example Scenario 08:10 - Why is Cash-on-Cash Return So Important? 10:16 - What is a Good Cash-on-Cash Return? 11:57 - When Should I Calculate Cash-on-Cash Return? 14:51 - Summary _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________   BIO: Just

In episode 209 of Financially Simple, Justin consider why you should invest in Real Estate. With so many possibilities when it comes to investments, what makes investing in Real Estate an attractive option to Small Business Owners? Justin lists 11 reasons why Real Estate investments should be a serious consideration for your portfolio. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:56 - Why Should You Invest in Real Estate? 04:06 - Real Estate Typically Increases in Value 07:16 - It can Provide Cashflow Pre-59.5 08:08 - It Can Be Improved 09:27 - Real Estate Can Provide a Tax Deduction 09:59 - Real Estate is Depreciable 11:05 - Real Estate Can Have Lower Tax Rates 13:03 - You Can Defer Real Estate Gains 14:15 - It Provides For Equity Build Up 14:48 - If Purchased Right, It Can Align With Retirement 15:59 - It Can Be Leveraged 16:48 - It Acts as a Diversification Tool 17:38 - Summary _________________   RESOURCES: Financ

In episode 208 of Financially Simple, Justin takes a look at the timing of Real Estate investments. When is the best time, and when is the worst time to invest in Real Estate? Justin explains the cycles of the Real Estate market and goes over the important points to consider when planning to invest in Real Estate. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:50 - When Should You Invest in Real Estate? 01:49 - Personal Experience 03:32 - A Certain Time of the Year 04:26 - The Cycle 06:36 - The Six Stages 08:37 - So When is the Best Time to Buy/Sell Real Estate? 11:34 - Where are We Now? 17:19 - What Does the Future Hold? 17:43 - Summary _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________   BIO: Justin A. Good

In episode 207 of Financially Simple, Justin introduces Real Estate Investing. If you own your home, or business premises, you've invested in Real Estate; but besides investing in your own property, did you know you can invest in much, much more? Justin begins looking at the potential of Real Estate investing, by listing the various categories and sub-categories of Real Estate that you can invest in. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:22 - The Different Types of Real Estate Investing 02:59 - The Hollywood Dream 03:56 - Categories of Real Estate Investments: Residential 07:01 - Commercial 10:11 - Retail 13:37 - Hotels 15:10 - Multi-family 17:05 - Industrial 18:37 - Land Investing 21:36 - Special Purpose 23:26 - Summary _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Si

In episode 206 of Financially Simple, Justin compares Active and Passive Funds and ETFs. What are Active and Passive Funds, how do they work, and which is better? Justin looks at both Active and Passive Funds and ETFs, comparing the pros and cons of each. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ Transcription & Additional Resources: BLOG: Should I Invest in Active or Passive Funds and ETFs? _________________ TIME INDEX: 01:24 - Should I Invest in Active or Passive Funds & ETFs? 01:38 - Active vs. Passive 03:30 - How Passive Funds Work 08:12 - Important Points About Passive Funds 12:49 - How Active Funds Work 15:32 - So Which is Better? 22:09 - Summary _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________   BIO: Ju

In episode 205 of Financially Simple, Justin provides a simple guide for picking Mutual Funds. When deciding which Mutual Funds to invest in, a lot of new investors can make the mistake of only looking at the numbers. Justin breaks down what investors should be looking at when selecting Mutual Funds to invest in. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:50 - A Guide for Picking Mutual Funds 03:22 - Some Guidelines 03:27 - The Mutual Fund's Star Rating 07:35 - Expense Ratio 09:40 - Investment Style 10:37 - Manager Tenure 11:56 - Turnover Ratio 12:54 - Tax Efficiency 13:49 - Style Drift 15:18 - What About Performance? 18:59 - Summary _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9. Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Sim

In episode 204 of Financially Simple, Justin gives a very simplified explanation of what Mutual Funds are. If you're considering investing, but are not wanting to go for individual stocks and shares, a Mutual Fund might be a good option for you. Justin looks at what Mutual Funds are, the pros and cons, as well as the costs. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:49 - A Simple Guide to Understanding Mutual Funds 02:14 - What is a Mutual Fund? 04:09 - How Do Mutual Funds Work? 09:31 - How Much Do Mutual Funds Cost? 21:04 - Summary _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________   BIO: Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manage

In episode 203 of Financially Simple, Justin examines the perceived added value of having an Investment Advisor when investing. When you decide to invest, you might hire the services of an Investment Advisor or you might decide to go it alone using information that is readily available. Justin looks at two reports that investigate the topic of hiring an Investment Advisor, and the real and perceived value that having a professional on your side has. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:03 - Should I DIY My Own Investing or Hire a Professional? 04:06 - What The Research Says: Vanguard Study 2016 07:52 - The Value of an Investment Advisor 10:54 - Vanguard 2019 Study 12:40 - Perceived Value: Morningstar Study 14:01 - Investors Perceived Value of Advisors 16:02 - Advisors Perceived Value of Their Services 18:34 - What Does All This Mean? 20:49 - Wrap Up _________________   RESOURCES: Vanguard Alpha Study Financial

In episode 202 of Financially Simple, Justin looks at another reason to invest: Compound Interest. There are many reasons to invest, and Compound Interest is one of them. Justin explains what Compound Interest is, how it works, and why it's an integral reason for investing for future generations of your family. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:07 - Why Should We Invest: Compound Interest 02:59 - Time Sensitivity 07:50 - Making Millionaires From Average People 10:22 - Requires Patience 13:37 - Changes for Generations 17:05 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit Dave Ramsey: How Teens Can Become Millionaires Ramit Sethi: I Will Teach You To Be Rich Ben Franklin's Gift _________________   BIO

In episode 201 of Financially Simple, Justin gives an outline of Diversification in Investing. Just as you shouldn't invest solely in your business, you should also avoid investing in only one or two portfolio options outside of your business. Justin looks at the process of Diversification: what it is, why it's a good idea, the options available, and the dangers to be aware of. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________ TIME INDEX: 00:54 - What is Diversification? 02:38 - Reasons to Diversify 07:35 - An Interconnected Free Lunch 10:27 - The Seven Most Popular Asset Classes 13:01 - Diversification Within Diversification 16:57 - The Danger 18:05 - Summary _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________   BIO: Justin A. G

In episode 200 of Financially Simple, Justin revisits the topic of investing outside of your Business. As a Business Owner, most of your wealth is tied up in your business and you plan on unlocking that wealth when you decide to sell or retire - but what if you can't sell, or don't get the best possible deal? Justin gives a quick revision on why you shouldn't invest exclusively in your business and should look outside of your business for investment opportunities. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:42 - Financially Simple: 200th Episode 02:46 - Why Should a Business Owner Invest in Assets Outside of Their Business? 06:21 - Some Stats 09:33 - Some Interesting Numbers 11:49 - Plan B 13:17 - Having All Your Eggs in One Basket 15:20 - Tax ROI 17:19 - Summary _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book:

In episode 199 of Financially Simple, Justin considers the investment strategy of Timing the Market. When to buy, when to sell; when to invest, when not to invest - these are questions most investors ask. But, the answers are not as simple or straightforward as they might hope. Justin explains what Timing the Market is, and examines whether or not it really does work the way everyone thinks. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:36 - What is Timing the Market, and Does it Work? 05:57 - If You Have Cash, When Should You Invest It? 07:26 - What is Market Timing? 08:08 - Does it Work? 12:24 - Diving Deeper… 18:28 - In Summary 22:54 - Opportunity Cost & Crazy Taxes 24:41 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for M

In episode 198 of Financially Simple, Justin continues with the Investing 101 Overview, looking at Dollar-Cost Averaging. Dollar-Cost Averaging is a simple investment method that takes the complexity of reading the market and timing your investment strategy out of the equation. Justin looks at the pros and cons of Dollar-Cost Averaging, and explains some advanced strategies to get the most out of this investment technique. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:45 - Dollar-Cost Averaging 03:28 - Benefits of Dollar-Cost Averaging 07:07 - Drawbacks of Dollar-Cost Averaging 11:29 - Where Dollar-Cost Averaging Works Well 12:28 - How to Start Dollar-Cost Averaging 13:17 - Advanced Strategy 15:21 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling

In episode 197 of Financially Simple, Justin continues with the Investing 101 Overview and explains Rebalancing and Target-Band Rebalancing. Buy Low Sell High: this is the core principle of Rebalancing in a nutshell. Knowing when to do so and factoring in considerations such as Contributions and Withdrawals adds a layer of complexity to this simple mantra. Justin explains what Rebalancing and Target-Band Rebalancing are, why and when investments should be rebalanced, and why you shouldn't go it alone. Transcription & Additional Resources:  BLOG: Portfolio Rebalancing and Target Band Rebalancing Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:17 - Introducing Rebalancing and Target-Band Rebalancing 02:27 - What is Rebalancing? 04:58 - Why do We Rebalance? 05:56 - The Problem with Rebalancing 06:39 - Is it Good or Bad to Rebalance? 07:59 - How Often Should We Rebalance? 09:26 - Target-Band Rebalancing 10:25 - What is

In episode 196 of Financially Simple, Justin continues with the Investing 101 Overview and looks at Risk Tolerance. Investing has its ups and downs, the risks and the rewards - so knowing your Risk Tolerance Profile and Capacity are necessary in order to make the correct investments. Justin explains Risk Tolerance and Capacity, as well as the three types of Investment Horizon that will help you decide on the correct investment strategy for your needs. COMPETE TRANSCRIPTION:BLOG: Risk Tolerance & Investment Horizons Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:51 - Investing 101 Part 2 02:10 - Risk Tolerance 02:41 - Risk Tolerance Profile 10:18 - Risk Tolerance vs. Risk Capacity 14:23 - Investment Horizons 15:22 - Three Types of Investment Horizon 19:06 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Boo

In episode 195 of Financially Simple, Justin begins a series on Investing 101. Creating an investment portfolio can be confusing and intimidating, with many different types of investment options, strategies, and terminology. Justin breaks down investing in Financially Simple terms, giving an overview of the basic types of investments. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! Complete Transcription: BLOG: Investment Basics - Asset Types _________________   TIME INDEX: 01:16 - Investing 101: Overview Part 1 01:39 - The Basics 02:25 - Asset Types 04:56 - Stocks 07:16 - Why Own Stock? 11:53 - Diversification 13:13 - Capitalization 16:44 - Growth & Value 17:45 - Fixed Income 20:11 - Cash & Cash Equivalents 22:26 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Busines

In episode 194 of Financially Simple, Justin continues his overview of Investing 101 and takes a look at Non-Qualified Investments. From a personal finance perspective, Non-Qualified investment accounts can have different uses depending on the type of account. Justin goes over the different types of accounts and gives advice on what each account is useful for and what to avoid. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! Complete Transcription: BLOG: Non-Qualifying Investments _________________   TIME INDEX: 00:49 - Non-Qualifying Investments 01:12 - What Does Non-Qualified Mean? 02:03 - Individual Accounts 02:42 - Joint Tenant With Right of Survivorship 06:34 - Community Property 07:12 - Tenants in Common 07:56 - Tenants By Entirety 10:33 - Convenience Account 12:02 - Payable on Death & Transfer on Death 13:17 - Custodial Account 14:22 - Estate Account 15:13 - Conservatorship Account 15:37 - Guardianship Account 15:57 - Wrap Up _________________

In episode 193 of Financially Simple, Justin and Jennifer McConnell take a look at adding a Cash Balance to a 401k plan. As a successful business owner, the provisions of the 401k might be too limiting, and you might want to increase the amount that you can put away - a Cash Balance might be the answer. Justin and Jennifer explain what a Cash Balance plan is, how it works, and who it's for. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! FULL TRANSCRIPTION: BLOG: Small Business Retirement Plan Comparison _________________   TIME INDEX: 01:13 - Adding a Cash Balance to a 401k Plan 03:32 - What is a Cash Balance Plan? 05:15 - How Much You Can Save? 08:27 - A Client Case Study 11:58 - The Stable Company Requirement 15:31 - Compensation, Personal Deferral, Profit Sharing… 16:32 - The Role of the Actuary 17:13 - Handle With Care 19:18 - How Long do They Last? 20:35 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Sim