Be Wealthy & Smart

Interview with MyFICO.com expert Ethan Dornhelm about what makes up a FICO score and common myths. Hit the subscribe button to get the latest podcasts asap! I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn the 3 basic things to do and why managing money is not as hard as we are making it to be! Hit the subscribe button! There's so many tools for financial help, it has gotten too complicated! You don't need all the apps, websites, products, accounts, credit cards, etc. for sale online. I'm getting questions about things that show me the big picture is being missed. How many buckets do I need? What should I put where? How much here? Keep it simple and basic! I did 3 things well: paid my bills on time, saved and invested. Save 20% if you can, or at least 10%. Pay yourself first. Like it's a bill. Pay your bills and pay them on time! If you can't, go on a cash basis. Either it was in my savings account like when I saved for a down payment to buy my first home, emergency fund, etc. The rest went into the market. The idea is to save as much as you can and move over into investments to build wealth. The investment can be a home, stock account, mutual fund, etc. At 2%, your money won't double for 36 years! We get all complicated with buckets, accounts, budget apps, etc. Maybe you think that's easier. I don't. If you're paying off debt and strapped for cash, they might be helpful to get to stability. But if you're not in debt, then look at saving more money! Be aware that financial companies are promoting things like financial rebalancing, combining accounts, and online banks and incentivized credit cards to make commissions. The internet is spammed with such offers. The blogger is paid a commission on! It's is NOT unbiased advice. They are monetizing their blog or podcast by making commissions. You only see it in small print and it's called being an "affiliate". That means "commission". ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn the 2 types of millionaires and which one I agree with the most! Hit the subscribe button! Today we are reviewing a study about rich people and their 2 habits that help them build wealth. Here is the article: http://www.businessinsider.com/self-made-millionaires-habits-build-wealth-2017-9/#1-they-establish-savings-goals-early-in-their-lives-1 ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to get your mindset turned around! Hit the subscribe button! Here is today's listener question: Hi Linda, I'm sitting here listening to your podcast. I started from the beginning again and I'm on episode 3 and it's reminding me how much power our thoughts have and what they create. But I'm realizing that right now I'm where I'm at because of my thoughts in the past year. But a good reminder that I need to change my mindset ASAP! I've been trying to listen from the beginning while I'm working in my office. I've been in such a bad place mentally the past 6 or 7 months and have been fighting to change my mindset so I decided to start over with the podcasts since it's been a while since I heard your first ones. I'm trying to listen as much as I can throughout the day. It's frustrating when you know all this AND have lived it and can attest that it works but you're doing the complete opposite of what you know. Thank you for this podcast! xo Sandy (name changed) Thank you for your note! Many people are struggling with this. They know they need a positive mindset, but are really struggling and even fighting the negativity. It's bombarding us - media, news, magazines, internet, social media, etc. Not a political statement - it's been happening for a very long time. Look at movies, many are so violent and negative. They used to be feel-good and happy! Here's what I see happening…you want to be positive and believe in yourself, but you're having a hard time believing. You almost have to see it to believe it - and that's backwards! You know it too! You know you want to be believing in yourself first, but can't. So what gives? 1. Negativity around us is challenging. 2. You don't have a system to help you daily. 3. You're trying to force it and it's not working. 4. You're making it way too hard! 5. Deep down you might even think you're not good enough or be afraid of failing or be afraid to make a mistake or be afraid of rejection or be afraid of being seen. Let me make this simple! IMO, the Law of Attraction stuff is off just a bit. It's not about visualizing with enough emotion. It's about having certainty. Let me say that again. Certainty! You have to get yourself to a place of certainty that you want this and will accomplish it. To become certain, you have to change your thoughts. You already know that, but HOW is where you're struggling. To answer that question, let's check in with who I think is one of the best mindset experts of all time: Mohammed Ali! That might surprise you, but I really respect his mental game! Mohammed Ali went from a humble fighter to World Champion. He's known for his quips and confidence in himself. He used to say, "I'm pretty and I'm the greatest!" Let me share some of his other quotes: "He who is not courageous enough to take risks will accomplish nothing in life." "I know where I'm going and I know the truth, and I don't have to be what you want me to be. I'm free to be what I want." - Stop trying to please others! This is YOUR life! "It's lack of faith that makes people afraid of meeting challenges, and I believed in myself." - Believing in yourself is KEY! "It isn't the mountains ahead to climb that wear you out; it's the pebble in your shoe." Most of what holds us back isn't the grand vision, it's the small stuff we can't get past. "What keeps me going is goals." You MUST have written goals! And here's what he said that I always say: "It's the r______ of affirmations that leads to belief. And once that belief becomes a deep conviction, things begin to happen." Internalize that!!!! Changing your beliefs is really about r_______! Like TV ads! Here are my steps to use affirmations: 1. Write them down in a positive way. 2. Use already t____ sentences in between. 3. Read them at least first thing in the morning and last thing at night. (Billionaire Jeff Hoffman puts them on a sticky note on his bathroom mirror). 4. Don't make it harder than it is! 5. Surround yourself with positivity - on tape, in books, in essential oils. You can also s____k it into existence! The Wealthy Mindset Blueprint course on my website goes into more detail if you want 2 to 3 hours of getting your mindset focused correctly. Here is the biggest secret of all…you must get to a point of C_______Y! It's not a wish, it's not a thought, it's not a desire, it's C______Y! "I am the greatest. I said that even before I knew I was." - Muhammad Ali ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follo

Learn about why wealth is possible for you! Hit subscribe! So excited to announce today we crossed 1,000,000 downloads on iTunes! Wow! It's very exciting! It happens to be happening at the same time I have another exciting announcement! That is, I'm going to have a book published! I will be published by an independent publisher. We had 3 publishers interested and I chose Post Hill Press. The book will be available about a year from now on 9.18.18, what a great date! It will be a roadmap to financial freedom and will start with the proper mindset and then go into practical solutions for avoiding the common big mistakes many people make with their finances that holds them back from getting their money working harder for them and achieving financial independence! The message I have for you is simple: the wealthy aren't smarter than you, they don't have something you don't. They simply had drive and determination to go after what they wanted, maybe with a laser focus. They persevered and kept doing what worked. I like to share the story about Mrs. Fields cookies. Everyone knows how to make chocolate chip cookies, right? I think I first made them when I was 10 years old. So a 10 year old can make cookies, not hard, right? Mrs. Fields focused on making it a business, growing a franchise and made a fortune. It took effort, it took hard work, it took determination. Probably sacrificing time and/or money too. It took a big effort, but she did it. If that's what you want, you're going to have to start doing something different. I'm not saying you need to be an entrepreneur, but if you want financial freedom, you're going to have to be focused and take action. It's not just going to "happen". You're not likely to win the lottery and even if you did, many people that get easy money blow it all because they still don't understand how to make money grow, they just know how to spend it. Blowing it is fun for a few minutes and then it's gone. Learning to grow it is so much more important so you can stay rich! Many people get rich (like athletes, actors, lottery winners), but don't know how to make the money grow and soon it's all spent so they don't stay rich. They miss the opportunity for their kids and generations to have financial freedom because they blow it. Because you're here, I know that's not your style. You're taking the time to learn what to do with money, how wealth grows and how to keep it. When I was young, I wondered why some people were rich and others weren't. I wrote down the 6 Steps to Wealth to explain how step-by-step wealth happens. Once I understood it, I was able to make it happen quickly because I got the concept. That's what this podcast is all about! Helping you grasp the concept so you can achieve financial freedom. Let's quickly review the 6 Steps to Wealth again: 1. Create a wealthy mindset 2. Save a nestegg 3. Find a mentor/knowledge 4. Invest in a money engine 5. Compound at a high rate 6. Protect your wealth You can be working on several steps at once. Wealth is synonymous with compounding. The investing component to compound your money is most important, that's why I'm not keen on being frugal being enough to get you there. You've got to compound! Be mindful with spending and make your dollars stretch farther, but also be aware of the BIG mistakes people make. In the financial world, we're focused too much on the $3 latte and not enough on the $100k mistake of moving too often and paying real estate commissions, moving costs, remodeling, decorating costs, etc.! I've shared with you the story about remodeling my house. My husband and I were deciding whether to move or not. When I calculated how much money it would cost to pay a realtor commissions ($30k+); professional movers ($10k+); improvements, paint, carpet & repairs preparing to move ($10k+); remodeling in the home we purchased ($20k to $50k+); I realized it added up to $70k to $100k! It made more sense to stay put and invest the $100k in our existing home and make it work for us! We did that and it more than doubled in value so it was a great decision. Thinking like this and getting the BIG, expensive decisions right and not making mistakes is going to help you a lot more than giving up $3 lattes! I'm so honored that we've reached 1 million downloads and you're to thank! If you have shared this with friends and family, thank you. If you've left a review, I'm humbled and grateful. My passion and purpose in life is to help you achieve financial freedom and to make a global impact. We're now in 171 countries, so if you are outside of the US, thank you. I know you may have to adjust things a little differently, but the 6 Steps to Wealth still apply to you, so use them! ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 W

Learn about 10 billionaires who grew up poor. New listeners hit SUBSCRIBE! The article is here: https://www.cnbc.com/2017/09/11/10-billionaires-who-grew-up-dirt-poor.html ****************************************** I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to avoid making a common personal finance mistake. New listeners hit SUBSCRIBE! Research shows 59% of Americans are making a big personal finance mistake. Article by Matthew Frankel at Motley Fool. Article is here: https://www.aol.com/article/finance/2017/08/27/59-of-americans-are-making-a-big-personal-finance-mistake/23186944/ Here is the link to your free credit report: https://www.annualcreditreport.com/index.action ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn a hack to save 20% to 30% at some of your favorite restaurants. New listeners hit SUBSCRIBE! I have a great money saving idea for you today. Many people want to eat out, but it's a huge money drain, right? Is there a way to get a deal on fine dining? How about chain restaurants? Normally, I'd be discouraging you from eating out too much because it can be a real drain on your bank account. Remember the podcast I did about the couple who lived in NYC and each made $100k but couldn't afford to buy a home? It turned out they spent too much money on eating out every night. Everyone needs a date night or a break from cooking at home, but is it possible to get a deal? YES! I'm going to show you how. Let me ask you a question. If you gave me $80 and I gave you $100 back, how often would you do it? Literally, you give me $80, I give you $100…or what if you give me $70 and I give you $100? Now think about some of your favorite fine dining restaurants - Roy's, Flemings, Maggiano's, McCormick & Schmick's, plus chains like Outback Steakhouse, Chili's, Macaroni Grill, Baja Fresh, PF Chang's, Rockbottom Brewery, and many others! Gift cards are something, if you're like me, you just walk by in the store because you might think it's give a dollar get a dollar. It's not! It's pay a dollar get $1.20 or $1.30! Let me explain and I'll come back to this. A gift card is a piece of plastic that has a dollar value to it. Like a pre-paid debit card. You can use them for only the store that is on the card. Retailers know that gift cards often aren't used. The statistics are astounding. Fully 6 to 10% of gift cards are never redeemed! Retailers have a huge incentive to sell them because it's free money they get that adds to their bottom line! No products or services are delivered, it's like a free donation of money if a card is not redeemed! From their perspective, they want to issue them all day long and even incent people to buy them! So they give people a healthy 20 to 30% discount to buy them. That's where YOU and I benefit! Because we are going to take advantage of the discount and USE the card! When you see the gift cards, realize you are paying $80 and getting $100 of value. That means you take the cards you paid $80 for, but when you are in the restaurant, you get $100 of value! It's not a coupon. It's not a discount in the restaurant. The discount occurs when you buy the card at Costco. When you go to the restaurant, it's full value. They give you $100 of food and drink, just like if you paid $100 for the card, except you didn't! You only paid $80! ***PLEASE NOTE: THIS IS ONLY AVAILABLE AT COSTCO.*** I love going to Roy's restaurant. It's a high-end seafood and asian cuisine restaurant. They self-describe as "Roy's Pacific Rim features upscale Hawaiian-influenced cuisine including the finest seafood, steaks and sushi." The chain was founded by James Beard Foundation Award Winner Roy Yamaguchi in 1988 in Honolulu, Hawaii. There's one near me in the Palm Springs area of Rancho Mirage, one in Newport Beach where I was this summer, one in San Diego, etc. Recently I was explaining gift cards to a friend, who I don't think understood it. He thought it was a coupon and turned his nose up. It's not a coupon! You're not taking away from your favorite waiter. They won't see the discount you get! It's invisible to the restaurant! It's between you and the store you bought the card at. It's free money to the tune of 20 to 30%! Is there a downside to buying a gift card? Well, I guess if you lose the card or forget to use it within 5 years, you will waste the money. Regulation passed in 2010 mandates that cards are valid for at least five years after issuance. So…you have 5 years to spend it before it becomes worthless. Even though eating out is one of my "5 sinkholes" for money, everyone needs a break sometimes. This is a way to stretch your restaurant dollars 20 to 30%! ****************************************** I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for w

Learn a simple way to overcome limiting beliefs about money. New listeners hit SUBSCRIBE! One of the ways we get limiting beliefs is through good intentions. I mean our well-intentioned parents are trying to communicate with their children about money. Sometimes they forget that the perspective they are giving us is not going to serve us long-term. I remember when I was invited to go on a swim team trip to Florida for 3 days. It involved a flight from Seattle, 2 nights hotel and money for meals, transfers and miscellaneous things. My mom wouldn't let me go because she thought it was too expensive for a short trip. I was devastated because everyone else was going. It was embarrassing, heart breaking and it was hard to understand. At 16, it's hard to understand the decisions parents make sometimes. As an adult, now I totally understand, but at the time all I knew was the rest of the team was going and I wasn't. Today we're going to explore things our parents said to us because these things have a way of getting into our subconscious and creating block and limiting beliefs. Write down some of your beliefs and possible blocks to money (hint: they may be subconscious) and think about phrases your parents said to you regarding money. Can you think of some? Did you ever hear: A. We can't afford it B. Money doesn't grow on trees C. I'm not made of money D. We're not rich ...Which one did you hear or add another negative money phrase. Make sure you are writing down your progress toward building wealth in your Wealth Journal. This is an example of a post on Instagram @BeWealthyandSmart Follow me! ******************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn about the BUZZ Index, artificial intelligence in FinTech and Investing with Jamie Wise. New listeners hit SUBSCRIBE! Our interview today is with Jamie Wise, the inventor of the Buzz Index ETF. Jamie is incredibly intelligent and has some interesting insights about investing in the future. I really enjoyed interviewing him and I think you'll like it too. Here we go. ****************************************** I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn what 3 financial mistakes not to make so you can have a bright future. New listeners please SUBSCRIBE! Here are 3 financial mistakes that can hurt your future: 1. Not becoming financially literate. When I was young, I had a thirst for knowledge and studied everything I could about finances. I took a lot of classes and studied for my CFP designation. I read books on mindset, journaled and listened to tapes. :) Today you can listen to mindset books on YouTube or Audible. I have a list of books I recommend on my Resources page on my website. Books on mindset that were amazing, besides Think and Grow Rich were The Magic of Believing and The Magic of Thinking Big. These are old classics, but the concepts are timeless and really inspiring. You also want to learn things like tax rules so you know what expenses are deductible. Get familiar with the tax code a bit. Get educated about investing in the stock market. It's a basic to learn because your IRA's or 401(k) are typically going to be invested in the stock market. Take some time to learn about funds, expense ratios, ETFs, active vs. passive management, asset allocation, etc. Because you're here, I know you're already doing this and not making this mistake! Be sure to start working on your wealthy mindset, it's Step 1 to Wealth! 2. Not staying out of debt. Lots of people are still drowning in consumer debt on credit cards, student loans and car loans. The only debt that's ok with me is mortgage debt. You've got to stay away from the consumer debt and get it paid off asap. The only debt I'll not be strict about is student debt below 3% that is long-term. 3. Not being a good saver. It's important to start saving (Step 2 to Wealth) and creating capital you can eventually invest with. It may be smartest to save in a 401(k) first, if your company matches your contribution. Many companies match 3% or more of your contribution, yet many employees don't take advantage of the free money! It also grows without income tax. You're not taxed on your earnings and the money your money earns. You're only taxed when the money comes out in retirement. Free money plus tax advantages. Of course, the downside is you have to leave it in until age 591/2 or there is a 10% penalty plus income tax due on what you withdraw. Starting to save for retirement early makes it much easier. It allows you to compound longer. For example: If you invest $1,000 per year @ 8% and start at age 25, that $40,000 will grow to $301K at age 65. If you wait until 35, and invest $1k a year for 30 years, at age 65 you'd have $132k. Even if you dumped in an extra $10,000 at 35 and then invest $1k per year for a total of $40k invested, it would only grow to $222k, or $79k less! Plus you had to come up with a $10k lump sum! Starting early is easiest! Just do $25 or $50 a month if that's all you can do, but start saving early. Want more? Follow me on Instagram! I just mentioned I'll be making a big announcement soon! A goal I've been working toward for 10 years is about to come true! I'll post it on Instagram first! I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn steps to take right now to become a millionaire. It may surprise you! ******************************** This episode is brought to you by Sanebox. Sanebox manages the email in your inbox. As my friend Doug Goldstein said, "I've been using Sanebox for years. It took a couple of weeks, but I got down to "inbox zero," where I've had complete control of my email. It has made me much more efficient and organized, and to this day, my inbox is emptied out every day… and no emails get lost." Sanebox… - filters out the unimportant emails so you can deal with it later - sort emails into folders, like news, receipts, attachments and more - has the ability to sort emails that haven't been replied to - can snooze, set reminders, and more - Makes email way less overwhelming - Helps you get more done with less distraction If you're in need of getting your email inbox to "zero", try Sanebox. Just go to http://www.sanebox.com/bewealthy You will automatically have a $20 credit applied to your account on top of a 14-day free trial. Just go to http://www.sanebox.com/bewealthy *********************************** Here are the steps to take immediately to become a millionaire: 1. Make a decision to become wealthy & write it down in Wealth Journal 2. Work on your wealthy mindset - get positive, listen to tapes, say affirmations, change negative beliefs (win my Wealthy Mindset Blueprint) 3. Pay off debt and start saving $$$ 4. Read for more knowledge - Think & Grow Rich, How to Make Money in Stocks, Rich Dad Poor Dad, links on my website Resources page. 5. Take advantage of free $$$ in 401(k) 6. Start learning how to invest…whether stocks, real estate, etc. *Podcasts *Books *Audio books 7. Develop a team - realtor, CPA or tax advisor, financial advisor *************************** I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn common things you should be saving for. Here's the article: https://www.usatoday.com/story/money/personalfinance/2017/08/26/6-things-you-should-be-saving-for-but-arent/104677444/ Add to that list: 7) Save for children's education. If you plan to have children, you should start saving for college the day they are born. You have 18 years to compound the money and it's much easier to save gradually than to try to come up with the money when the kids go to school. Plan for approximately $240,000 per child which is $13,333 per year, about $1,111 per month. If that's too much, then start with $200 per month and add any raises to the amount. 8) Save for a wedding. If you have a daughter, you may be footing the entire bill of $50,000+. That's $200 per month or $2400 per year for 21 years. If they marry later, great! You may get away with just covering the groom's side like the rehearsal dinner, a tuxedo and you and your husband's outfits, but likely more than that. Any extra can be redirected to your retirement fund! 9) Save for vacation. Why not plan to save for your vacation rather than putting it on credit cards, going into debt and then having to pay high interest on it? A vacation savings account makes a lot more sense to me than a veterinarian account! I will post the article in the show notes and on my website. I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn what 5 common money mindset mistakes are and how to avoid them. The article is here: http://www.smartcompany.com.au/finance/wealth-management/top-five-financial-mindset-mistakes/ Your homework is to find a quiet place and close your eyes. Think about each mistake and check in with yourself if you think you are making one of these mistakes. If so, write in your wealth journal why you think the way you do and how you will dedicate yourself to thinking differently. ******************************** I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! ********************************* This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn about studies that show when money makes you happier. The results will surprise you! A study on money and happiness provided startling results about happiness, wealth and marriage. From time.com, the article is here: http://time.com/money/3934531/money-happiness/ ****************************************************** This episode is brought to you by Sanebox. Sanebox manages the email in your inbox. As my friend Doug Goldstein said, "I've been using Sanebox for years. It took a couple of weeks, but I got down to "inbox zero," where I've had complete control of my email. It has made me much more efficient and organized, and to this day, my inbox is emptied out every day… and no emails get lost." How does an empty email inbox sound to you? Sanebox… - filters out the unimportant emails so you can deal with it later - sort emails into folders, like news, receipts, attachments and more - has the ability to sort emails that haven't been replied to - can snooze, set reminders, and more - makes email way less overwhelming - helps you get more done with less distraction If you're in need of getting your email inbox to "zero", try Sanebox. Just go to http://www.sanebox.com/bewealthy You will automatically have a $20 credit applied to your account on top of a 14-day free trial. Just go to http://sanebox.com/bewealthy ****************************************************** I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn 3 common home remodeling mistakes that reduce a home's value. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Watching TV remodeling and house hunting shows. People were making suggestions for remodels that would decrease value of the home! Comps are what guide and somewhat limit the value of the home. Based on number of baths and bedrooms and square feet and garage. Can also include a view. The basic NO-NO's: *Reducing a bedroom to turn it into a closet Wife wanted to turn a bedroom into a closet. Go from a 3 bedroom to a 2 bedroom house. That would reduce value dramatically because less demand and fewer shoppers for a 2 bedroom! *Reducing a bathroom by combining 2 into 1 or going from full to 3/4. Two bathrooms were side by side in a poor layout. Lady wanted to join them into one large one in a 3 bedroom home. Not a good idea to only have one bathroom! People will pay more for 2 bathrooms! *Spending a fortune on a backyard pool, hot tub, outdoor kitchen & fire pit (not going to get back your investment). You don't get back your investment dollar for dollar on pool, spa, landscaping, outdoor kitchen, etc. If you're going to spend money remodeling, don't spend money that will reduce the value of your home! Do things that will increase value. Most money is made by renovating kitchens and baths and adding or expanding closets. That's where you want to put your money. ****************************************************** I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn the top 10 best and worst cities to retire in. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Here is the article: https://www.cnbc.com/2017/08/15/here-are-the-best-and-worst-places-to-retire.html Here is the full research from WalletHub: https://wallethub.com/edu/best-places-to-retire/6165/ ****************************************** I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to find ETFs and decide what to invest in. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Here is our listener question for today: Hi Linda! I have been listening to your podcasts for the past 12 months and love them! I can't get enough of them. I have been investing as a hobby for the past 6 months and trying to learn as much as I can. I have heard you and several other people talk about ETF's and how useful they are. Unfortunately I don't know how to look up the ETF's I would like to invest in. Can you do a podcast that answers the following questions: 1) How to find specific ETF's. 2) how to determine if they are the right one to invest in. 3) What are some of the key indicators I should look for? 4) Can I find ETF's based on performance of single stocks? I look forward to hearing your insights on the topic! Thank you for all your hard work and desire to help lift us to new financial heights! Regards, Ryan Thank you, Ryan! I appreciate you being a loyal listener! That means a lot to me and I love that you love the show! What is an ETF? Exchange traded funds are passive investments. They are a static portfolio that allows you to buy a basket of securities in an index or a sector. They provide diversification and low turnover and low fees. Since active management has had a difficult time outperforming indexes, investors have somewhat given up paying extra fees to managers who don't beat the indexes, so they are buying the indexes themselves. If you have a manager who consistently outperforms an index, and you net more after fees than an index, that would be a preferable investment. Today it's hard to find! How to find specific ETFs? Many investors who are looking for passive investments try to minimize fees. It makes sense, if you're investing in the S & P 500, they are the same 500 companies whether you buy it from company A or B, so you may as well purchase the one with the lower fees so you net more in your pocket. Many investors have flocked to Vanguard because they have a reputation of having the lowest fees. While fees are not everything, in the case of passive investing because portfolios are identical, it makes sense to buy the lowest fees. That would not be true in an actively managed portfolio however. How to determine if the ETF is the right one? You always want to pay attention to asset allocation. In equities, you want large, mid and small caps plus international (outside of the US). You can also have some sector funds like REITs or precious metals or short-term bonds in 3 to 5% weightings. Can I find ETFs based on performance of single stocks? Yes, but I don't recommend it. Typically, fund managers prevent any one position from growing beyond 5 percent of assets in order to manage their risk. Sector ETFs are more likely than actively-managed funds to have large positions in individual companies, mainly because they track market-weighted indexes that themselves are often over-weighted with a few popular companies. For example, the $12.9-billion Consumer Discretionary Select SPDR ETF, has 15.1% of its assets in Amazon, while the iShares MSCI South Korea Capped ETF with $3.8B holds 22.9% of its assets in Samsung. I don't recommend investing in sector funds in order to invest in a particular stock. To me, that just shows that there is a need to rebalance a portfolio to bring it back into a regular proportional investment of 3 to 5%. If a stock is overweight in an ETF, it means it has already appreciated quite a bit and it may be a sign this isn't the time to invest in it. When shares grow into a larger allotment than 5%, managers are often paring back, not looking to buy more. You should think like the professionals. Having said that, I also believe that you want to let your winners run and to sell your losers, so I would say if you want to own a stock, buy the stock. Don't buy a sector fund to own 1 stock. I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did

Learn what assets the uber wealthy have their money invested in. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart That's audibletrial.com/bewealthyandsmart. Here is the article: http://www.washingtonexaminer.com/how-the-super-rich-keep-their-wealth/article/2631087 I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn why 7 billionaires are worried about a stock market correction. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart I appreciate your support of the podcast! That's audibletrial.com/bewealthyandsmart. Here is the article for today's show: http://www.marketwatch.com/story/these-7-billionaires-are-worried-about-a-stock-market-correction-2017-08-09 I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn why frugality is not the way to wealth. Sometimes I grow weary from hearing people advise others to be frugal in order to build wealth. Frugality is not spending money. Definition is skimping, sparing, and meager. To me what frugality is is spending less or nothing. If all you do is spend less and less, pretty soon you're living in the woods! I'm all for careful spending, but I realized there's a difference between "not spending" and "making dollars go farther". To me, I've always been about getting more for a dollar, rather than not spending a dollar. That's a huge difference! Make your dollars last longer. Buy at the right price…on sale, at a discount, a deal, wholesale, etc. Buy it at the right price. It's not about doing without or living in a shed. I don't think that's living life! That's giving money too much power and creating misery in your life. I'd rather see you choose a few things you want and find a way to get them at a discount. I play a game with myself to figure out how to get anything at a discount. Sometimes if it never goes on sale, it might be saving tax (about 10%) by buying it online. You want to stay away from spending a lot on furniture, cars, vehicles, figurines, decorations, etc. I have a friend who keeps buying furniture and remodeling, then complains there is no money! It's a downward spiral! There's a big difference between not spending (being a miser = bad) and spending wisely = smart shopping. I'm a stickler for quality though. I don't buy cheap things that won't last. I buy quality at a discount. I don't want bad diamonds full of inclusions and that are supposed to be white or colorless and are yellow! I want great quality diamonds at a discount! Get it? Do you really need a new paddle board or could you find one gently used? Do you need a $5,000 Italian bicycle or can you get a used one? Do you need a new couch? Could you find one gently used? These large purchases harm you a lot more than a latte! Do you need to own a boat? Can you rent one? These are big purchases and price tags that will kill your retirement. Soooo, make your dollars go farther! Have what you want and buy it at the right price! I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth & Wealth Mini-course (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com. This episode is sponsored by Audible. It's the way I "read" more books and stay ahead of the curve. Audible is, of course, the easiest way to read books because all you have to do is just listen - like you are right now! There are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! Just visit http://www.audibletrial.com/BeWealthyandSmart I appreciate your support of the podcast! That's audibletrial.com/bewealthyandsmart.

Learn why financial freedom really IS possible for you to achieve! Sponsor: Audible – Get your first audiobook for FREE today. Over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player. This is the way I "read" more books and stay ahead of the curve. Visit http://www.Audibletrial.com/bewealthyandsmart and get your first audiobook free! ************************************** Have you heard? I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn the truth about money and wealth building. I'm going to push back on experts who write about how to build wealth! The articles usually go something like this: Budget yourself silly. Don't spend any money. Don't live beyond your means. Pay off all debt. Contribute to your 401k. Have a great life! Lol! Some of these have merit, but some don't. I'll go through each point in a minute. I'm going to give you a step-by-step plan. There are two different financial scenarios - one scenario for people that have massive credit card debt and one for those who don't. Credit card debt and student loans are a real problem that need to be taken care of first. High interest rates compound and grow quickly so the debt will grow fast unless you vigorously attack it. Make them Priority #1! Student loans may be at low interest rate, but it is not excusable in court even in bankruptcy. It's a permanent weight around your neck that has to go! Let's revisit the points I mentioned earlier. 1. Budget yourself silly. 2. Don't spend any money. Budgets can be hazardous to your wealth! Like diets: feel restrictive, want to go off them, can give you a bad relationship to money. 3. Don't live beyond your means - obviously! Don't get yourself into consumer debt except a mortgage. 4. Pay off all debt - wrong! A mortgage is ok, tax deductible. You need to establish credit. Pay off debt that's not mortgage debt or business debt that you are successfully using to grow your business. 5. Contribute to your 401k - yes, but it's not enough if that's all you do to save and invest! 6. Have a great life! Lol! How can you spend nothing, try to pay off a huge mortgage, pay for kids to go to college and have any money left to enjoy life? The second financial scenario is for people who earn more than they spend. For them I have advice that I call the 6 Steps to Wealth. 1. Create a wealthy mindset Work on a positive mind, thoughts, goals. Repetition. 2. Save a nestegg Save money to invest, need capital to start. 3. Find a mentor Follow people who have successfully made millions, not starving journalist. 4. Invest in a money engine Must invest to create wealth! Can be a business, stocks, real estate, etc. No one way is right, but be smart about valuations you are paying! Money moves in cycles and peaks in bubbles. 5. Compound at a high rate Let your money compound. Try to improve your rate of return. Bank vs. stocks 6. Protect your wealth Don't lose the wealth you have created. ************************************************* Have you heard? I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to set and accomplish huge goals with Priceline co-founder, Jeff Hoffman. Jeff talks about how a dream became the $60 billion company, Priceline.com and how he won a Grammy for his first album! Hear from a penultimate entrepreneur how to get off the couch and create the success most people only dream about. Learn the power of writing things down. This is a fascinating interview you won't want to miss! Mentioned in this Episode: Jeff Hoffman, former Co-Founder of Priceline.com co-authored a book called Scale: Seven Proven Principles to Grow Your Business and Get Your Life Back Have you heard? I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn why billionaires are all around you, how they invest and what they look for when investing. Get an inside view of the ultra wealthy, what's myth and what's reality? Get the Single Family Office book by Richard C. Wilson. Have you heard? I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn what the next step to wealth may be for you. Good evening Linda! I really appreciate your podcast as well as the giving of your time! I listen to it on the way home from teaching school and the podcasts that I miss, I listen to on the weekend. Sometimes I listen to your podcast more than once with my headphones on sitting at my desk during lunch. I make 41k a year. I have been training my mindset for 3-4 years. I want to get out of teaching and create wealth but I don't know where to start. I journal daily and I have a positive mind set. I basically want to have my own business and create wealth and financial freedom. As you know teaching school does not do that and it takes up 10 to 12 hours a day. Ugh! The only thing I can think of is maybe a business like painting and decorating. I do not have a degree or education in it but I like doing this. Do you have other ideas? Any suggestions will help. Thank you, Nancy Thank you Nancy (name changed to protect identity)! I'm so glad you found the podcast. As I read your letter, I couldn't help but wonder how many other people feel the same way you do about their job and aspirations? You want to get out of the rat race and do something that's more enjoyable. You want to not be chained to a job that's a drag and you want financial freedom! Let's talk about your next steps or anyone's next steps. The Twin Pillars of Wealth are investing like billionaires and creating a luxury brand business. The easiest for anyone to do is to get started investing. I studied wealth building my whole life and determined this is how you go from not wealthy to wealthy. Remember the 6 Steps to Wealth™: 1. Create a wealthy mindset 2. Save a nest egg 3. Find a mentor (knowledge source) 4. Invest in a money engine 5. Compound at a high rate 6. Protect your wealth Working on mindset is continuous. The next step for you is to save a nest egg for investing and also perhaps starting a business. Listen to my podcast #293 about where to invest $300 to $500 if you're just starting out. Can get working on your business on the side. I once started a side business as a jewelry wholesaler. I discovered it wasn't at all what I wanted. I also took interior design classes. That wasn't for me either. They are still hobbies, but not my business. Next step is to start saving so you can invest (preferably in an ETF). Simultaneously see if you can advance yourself toward interior design or painting (walls or portraits?) on weekends. It's going to require hard work and dedication to do both, but the excitement of moving forward with your dreams should help you jump out of bed and be happy working on the weekends. If not, re-evaluate! *************************************************** Have you heard? I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how tech stocks get ahead of themselves sometimes and how not to get burned. Stocks got ahead of themselves in the year 2000 and it took 17 years to get back to where they were! Bubbles can create unreasonable valuations that are very extended because investors invest by betting on their success in the future and ignoring the outrageous valuations of today. Just like today we have FAANG stocks, in 2000 - the "Four Horsemen of the Internet" - Intel, Microsoft, Dell, and Cisco Systems. Back in the year 2000, what drove them is the "Y2K" scare, only people didn't realize it. They thought is was the "New Economy". It was about "eyeballs" and "bricks and clicks", not earnings and profits. This can happen for an extended period. Investors get caught up in the next "new thing". They forget it has to make money! Earnings growth is what drives stock prices! Investors buy stocks in anticipation of future earnings growth, but it can get out of hand. In this case, it was 17 years ahead of itself! Back in 2000, it seemed like Microsoft was unstoppable and would forever be on every computer. Then LINUX came out, the US Government started an anti-trust case, and Apple started to get more popular as a micro computer. Then corporations that had approved special budgets for hardware and software to be safe for Y2K, stopped buying and profits dried up and the stock market crashed. When companies miss their earnings targets, their stocks decline. The darling "4 Horsemen" tanked and so did the rest of the market. It declined over the next 3 years until the bottom in 2002. Now the information technology index has risen above where it was in 2000. Tech stock fundamentals look good, but the FANG's may have gotten ahead of themselves. The stock market has narrowed considerably to a few stocks - the FAANG's. Here is the article. I'll also post the article on my website. Here is the article: http://www.cnbc.com/2017/07/19/sp-information-technology-sp701-spx-near-2000-high.html How can you tell if stocks are ahead of themselves? An easy metric is checking the P/E ratio. Price-to-earnings ratio is price divided by earnings per share. The average for the entire stock market is about 15 to 17 over the long term. Certain high growth stocks can get ahead of this. A P/E of 25 says you'll pay $25 for $1 of additional earnings. Right now Amazon has a P/E of about 178. That means you're paying $178 for each $1 of additional earnings. Does that make sense to you? It seems like bubble territory to me. 2. Are sales and earnings rising? What are the new products coming? Apple iPhone has a new version coming out. I hear it is going to be $1200. Is that going to generate sales or stagnate them? Tesla has a less expensive version coming out, but can it sell enough to continue to justify a high stock price over $300 and P/E ratio of -$68.86. It has an EPS loss of -$4.77. Just to be clear, it's not profitable yet, but the market has given it a valuation of $54B. Could that have gotten ahead of itself and priced in gains that won't be seen for maybe another 17 years? Hmmm. Are there even earnings at all? On many tech leaders, there aren't. That makes is a big game of musical chairs because as long as the music keeps going, the stocks keep going up. When the music stops (from whatever cause, internal or external), the price may drop substantially because there is nothing to support it except investors bidding up the price based on future hope. It should be noted, it does have a huge group of investors who are selling the stock short, betting it will go down. Because you have to borrow the stock and hope to buy it back at a lower price, your losses can be unlimited. Therefore, short sellers are forced to buy back the stock to cover their positions and losses, driving the price higher. It's convoluted but it is happening! 3. What are competitors doing? Are there new competitors in the market place? 4. Is there new technology competing with this? Is the market changing? Is the market growing or declining? Oil vs. solar will be a big change. 5. The main thing I want to stress is profitability. When companies get way ahead of themselves and sell for outrageous valuations, a realignment is coming, the question is only: when? Have you heard? I'm having a summer giveaway through the end of September...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on

Learn why it pays to make investing one of your hobbies. Thomas J. Stanley, author of the classic book, The Millionaire Next Door, said: "On average, millionaires spend significantly more hours per month studying and planning their future investment decisions, as well as managing their current investments, than high-income nonmillionaires." It's true. When I hang out with my multi-millionaire friends, some of our time is spent talking about investing - stocks, real estate, the economy, etc. We love to share success stories about ourselves and our friends or things we've read about what's working ie. "this friend of a friend started selling widgets on Amazon and made $20 million" or "this girl started a jeans/makeup/tshirt line because of her Instagram following and made $2 million" or "I heard one of the early investors in Bitcoin now has $100 million in his investment." The conversation is always about possibilities and success stories, so we encourage each other with what's possible. Other friends I have that aren't multi-millionaires might talk more about finding their next job or why they don't like their boss. One is looking for encouragement, belief and possibilities and one is seeing limitation or choosing to limit themselves. I still love them, but I notice there is a different focus. Which comes first, the focus or the money? I say the focus, because the money is in your thoughts before it becomes reality. A wealthy mindset is step #1 to wealth. Have you heard? I'm having a summer giveaway through the end of September...you could: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn 17 potential places to invest a small amount of money. It's listener question day! Here is our question: Linda, I only have a small amount to invest, about $300 to $500. Where should I start? Sam There are many options you have. Since I don't know anything about your circumstances, I'm going to give you a list of choices. Assuming all your consumer debt is paid off. If not, start there to get back to stability. 1. Start an emergency fund. Keep it in a separate (no-fee) checking or savings account, if possible. 2. Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) are both great ways to reduce your income taxes by paying for medically-related expenses with pre-tax money — that is, money deducted from your paycheck before income taxes are calculated on your pay. You put money into that you use to pay for certain out-of-pocket health care costs. This means you'll save an amount equal to the taxes you would have paid on the money you set aside. 3. Pay 1/12 extra on your mortgage to pay it off faster and save thousands of dollars in interest. 4. Invest in an ETF or mutual fund. ETF's are passive, mutual funds are actively managed, but more expensive. Spyder S & P 500 fund (SPY, .09% expense ratio) or Vanguard All Market Index (VTI, .05% expense ratio). Dividend Aristocrats - 25 years of consecutive increasing dividends (NOBL, .35% expense ratio). 5. Term insurance. Creates an immediate estate in case of your untimely death. Can buy $100k to $500k depending on your age, health, gender, smoking, dangerous hobbies, etc. 6. Silver coins, still about $25 a piece. 7. Shares of stock. One share of Disney to get the special stock certificate, or Starbucks, etc. 8. REIT. Vanguard REIT (VNQ, .12% expense ratio) Outside of the box… 9. Bitcoin 10. Hire a CPA - to help you reduce your taxes if you make $75k + 11. Subscription to IBD, WSJ or Kiplinger's 12. Condo down payment fund 13. Start a business 14. Have a garage sale to raise more funds 15. Hire an organizer 16. Buy a bus pass 17. Invest in a computer to start an online business Although you can consider all of these, if you are around age 30 or under, making your first real investment, I'd start with the Vanguard All Market Index ETF. I'm having a summer giveaway through the end of September...you could win: 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn the 3 things you shouldn't change to get rich and stay rich. "Same house, same spouse, same car." - Thomas J. Stanley, author of The Millionaire Next Door I just talked about 2 of the 3 things on podcast #290. If you haven't listened to it, I go into depth about why people are watching the small expenditures and missing the huge ones that keep you from achieving financial independence. I'm having a summer giveaway through the end of September 2017...you could win: Win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ [email protected] and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @[email protected] and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ [email protected] and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn how much money you have to save each month to retire by age 40. Article on CNBC.com by Kathleen Elkins. The numbers may discourage you, but I'll show you why it doesn't have to get you down. It's not as hard as you think. The article assumes a straight line. I don't know about you, but I started out making a pittance in my 20's and over a hundred thousand dollars a year in my 30's and 40's. The amount of savings should dramatically increase. Some people talk about skimping their way to retirement at 40. There's a trend to live in a house the size of a shed, ride a bike and don't own a car and not to eat out or entertain. That's not my style and it might not be yours either. You can retire early while still enjoying life and having creature comforts but it means you have to invest well and compound at a high (8 to 12% rate). A good idea to make investing your hobby. Whether you are flipping houses on the side or investing in stocks or starting an online business, you're going to have to get to higher levels of compounding. So get good at it! You also want multiple asset classes: stocks, real estate, own business, collectibles, etc. It's all about the savings and compounding over a long period of time. Of course, the higher the rate you compound at, the sooner you will be wealthy. Try to have your deductions to investments automatically be taken out of your paycheck or bank account. That way, you're not tempted to spend it if it's not in your account. When you get raises, save more, put more in your 401k or start an IRA. Max out your savings and investments whenever possible. If you want to retire by 40, you're going to have to be intensely focused and invest wisely. It's much harder to save your way to retirement than to invest your way to retirement. Get your money working harder for you. I'll post the article on my website at http://lindapjones.com, podcast 291. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn why it's the big mistakes that keep you from financial success, not the small ones. Here's another article about giving up coffee or cigarettes and how it will make you rich. Business Insider: "Why your daily coffee is stopping you from becoming a millionaire." There are sayings like, "Watch your pennies and the dollars will take care of themselves." "A penny saved is a penny earned." Just give up lattes and invest that money instead…and eventually you'll become a millionaire. "The Latte Factor" was invented by author David Bach, whom I really respect. I believe it was a demonstration of compounding more than selling the idea of skipping coffee. Over a long enough time, compounding even a small amount will grow into millions. What the purchasing power will be is another question. I disagree with this frugal focus. It's not the small stuff that gets ya, it's the BIG mistakes. Moving costs/interest/commissions/remodeling costs from moving often will cost you a lot more than a few dollars. Buying cars every 3 to 4 years is a mistake that will cost you thousands. Invest that and over 25 years it can be $250k. Where people go wrong is not learning how to invest. A friend has had success with real estate, which is great, but in 2008 almost lost everything because a luxury spec home they build which they thought would sell for $3 million at the peak, they had to let go for a $1.5 million, below their breakeven. Instead of investing, I noticed their house it full to the brim - drawers in the guest room are full, guest closets are all full, the garage is too full for 2 cars, the basement is packed full of stuff! That tells me there are no investing goals that are being followed, there's a lot of spending that's extraneous and things aren't being used. It's not for me to judge, but I do notice that there's no money for anything because there's so much clutter! How many people are surrounded by clutter from small purchases that make you feel good or volume purchases at COSTCO that accumulates a lot of stuff you don't use. These are the reasons you haven't reached your financial goals. That - and an investment plan that will help you compound at a higher rate (Step 5 of the 6 Steps to Wealth). The reason why a home is the largest asset for a lot of people is not just because home prices has been one of the best performing asset classes for the last 20 years, but because of the "forced savings" that a mortgage causes you to have. Paying a payment for 30 years, is a forced discipline that is paying off your interest and principal monthly. As you pay down your debt, the equity in your home increases, thereby giving you more net worth every month. Disciplined investing (in this case by borrowing), is a secret that will help you build wealth. Regular deductions into a 401k or IRA or mutual fund or brokerage account will provide systematic payments into investments that can compound at 8 to 10% over the long run, if history repeats. So let's not sweat the coffee. Watch the hundreds and thousands you spend, not the pennies. I'll post the article on my website. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn why what has happened to you in the past is important to your present self. I'm traveling and visiting with friends who have mentioned money stories from their past, without any consciousness about how it is connected to their present. One mentioned money was so important to her Mom that she wouldn't give her garage sale items. She had to buy them from Mom. She ended up buying back a gift she gave to her dad and her brother wanted it so she gave it to him. She paid for it twice and didn't get what she wanted. Although she is affluent, she sees herself as "poor" and without discretionary income, though her closets and house are jammed with things. She mentions she "wishes" she could retire, but resists being responsible with money due to her underlying pain. Another owns 3 homes and carries no cash, so she always is "broke". Her father had his own business and it was very up and down, so he put tight reigns on the money. They are real estate rich but cash poor due to 2 kids in college and lots of expenses from the homes, traveling, and a horse. I talked with her about the fact her net worth is over $4 million, but she compares herself to Bill Gates and says she's poor. Another mentioned her dad lost himself in stocks. All conversations had to lead to stocks. She and her sister felt ignored and resentful. They don't like talking about stocks today. What is going on here? Why are these well off women choosing to feel poor? Why is their self-talk about being poor? Do you realize the majority of the world exists on $2 a day? They can't see the underlying money blocks. For clues to your money blocks, think about your upbringing. - What do you remember your parents saying or acting like with money? Pretend you won the lottery. What is your next thought after Yay? -Is it what do I do now?, How do I not lose it?, It feels like a burden? Your history with money effects your present money. Spend some time with this and find where your money pain is. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn the one habit that helped Tom's shoe founder get rich and how it can help you too. Find the article on my website at http://lindapjones.com, podcast 288. My Wealth Journal is available on Amazon.com. There is a live link on my website at http://lindapjones.com, podcast 288. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn the world's 13 best cities for renters based on percentage of income to pay rent. Really interesting article from CNBC's, Kathleen Elkins. Selected this article for you because I realized it hits a lot of different possibilities. Maybe you're a young person who wants to travel the world or you're a retiree wondering how to make your money go farther. Perhaps you love to travel, can work from anywhere and are thinking of what city to have as a hub for a while. Typically the deals are in the emerging market countries, known as BRICS. Article is posted on my website at http://lindapjones.com, podcast 287. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn how much money Americans think it takes to be considered wealthy. From CNBC.com, Kathleen Elkins: According to a Schwab survey on wealth, Americans say it takes an average of $2.4 million to be considered "wealthy." As for how much it takes to be "financially comfortable," survey respondents say it's an average of $1.1 million. By that standard, less than 10 percent of American households qualify as "comfortable," since less than 10 percent have over a million dollars. Americans are split on their definitions of wealth, with some describing wealth as a specific sum of money and others describing it more as a state of mind. When asked to define wealth, the top five sentiments among 1,000 Americans are: 1. Having a lot of money (27 percent) 2. Enjoying life's experiences (24 percent) 3. Being able to afford anything they want (22 percent) 4. Living stress-free and having peace of mind (19 percent) 5. Having loving relationships with family and friends (12 percent) However, when asked to compare two opposing ideas of wealth at a more personal level, Americans lean into things that money can't buy: •Sixty-five percent equate wealth with having good physical health vs. having lots of money (35 percent) •Fifty-eight percent say wealth is about having gratitude vs. having money (42 percent) This one surprised me because I think it's a big departure from past generations of parents and grandparents: •Fifty-six percent believe wealth is about building community vs. working on one's career (44 percent) Article is on my website at http://lindapjones.com, podcast 288. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn what listeners have to say about the podcast. Thank you for 800,000 downloads! When I started the podcast, I really had no idea how it would do. I can't be more pleased that we've found a great following of the most amazing listeners. I appreciate each and every one of you for listening and loving the show. It's for you and I'm loving that we are listened to in over 171 countries. Thank you!!! I'd like to say a special thank you to people who have written reviews of the show. It means a lot to me and I love to get to know you by hearing your thoughts. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn the most common financial mistakes women make and how to solve them. Great for men too! Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn why you need a will and what to do if you might be inheriting money from parents. The article is posted on my website at http://lindapjones.com, podcast 283. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect on social media on Twitter and IG @Lindapjones and FB @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn how to analyze a stock like SNAP. Today is listener question Friday! Here is today's question: Linda, I see SNAP went back to its IPO price. Do you recommend buying it? Nancy Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect on social media at Twitter and Instagram @Lindapjones and Facebook @lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn how an 18 year old became a millionaire in Bitcoin. The article is posted on my website at http://lindapjones.com, podcast 281. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect on social media on Twitter and Instagram @Lindapjones and @ lindapjonesfanpage on Facebook. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn whether wine collecting or classic cars have been a better investment. Article is posted on my website at http://lindapjones.com, podcast 280. Please subscribe and leave me a review on iTunes or Stitcher Radio. Connect on social media at Lindapjones and lindapjonesfanpage. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn my favorite millionaire mindset books and how to find more resources. It's listener question Friday! Here's the email I received from Mandy: Hi Linda! I just want to thank you for talking more about mindset on your podcast lately. After my spouse and I listened to all the audio books on mindset from Think and Growth Rich to Secrets of Millionaire Mind suggested on your website under resources, we noticed something shifted within us. Please recommend more mindset books! We love them! Mandy Check out my resources page at http://lindapjones.com/resources. Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn what billionaire, Kevin Plank, CEO of Under Armour, learned from having less than $2 that helped him become rich. The article is on my website at http://lindapjones.com, podcast 278 Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn Damond John's "5 Shark Principles" to become a millionaire. A link to the article from CNBC.com is posted on my website at http://lindapjones.com, podcast 277. Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn 3 ways millionaires think differently and how you can apply it to create your wealthy mindset. Before we get started, I wanted to let you know about another awesome podcast called Profit Boss Radio. Profit Boss Radio, hosted by MBA and Certified Financial Planner Hilary Hendershott, highlights inspiring women who have created success in their financial and professional life. Each week you can tune in and hear how women have paved the road to sustained success with both beliefs and actions. Check it out at www.profitbossradio.com. The article is posted on my website at http://lindapjones.com, podcast 276. Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn who America's richest women are according to the Forbes list. Before we get started, I wanted to let you know about another awesome podcast called Profit Boss Radio. Profit Boss Radio, hosted by MBA and Certified Financial Planner Hilary Hendershott, highlights inspiring women who have created success in their financial and professional life. Each week you can tune in and hear how women have paved the road to sustained success with both beliefs and actions. Check it out at www.profitbossradio.com. The article is posted on my website at http://lindapjones.com, podcast 275. Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn the surprising costs of selling a home and an important strategy for your wealth building. Before we get started, I wanted to let you know about another awesome podcast called Profit Boss Radio. Profit Boss Radio, hosted by MBA and Certified Financial Planner Hilary Hendershott, highlights inspiring women who have created success in their financial and professional life. Each week you can tune in and hear how women have paved the road to sustained success with both beliefs and actions. Check it out at www.profitbossradio.com. The article is posted on my website at http://lindapjones.com, podcast 274. Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn how not to leave Social Security money on the table. Before we get started, I wanted to let you know about another awesome podcast called Profit Boss Radio. Profit Boss Radio, hosted by MBA and Certified Financial Planner Hilary Hendershott, highlights inspiring women who have created success in their financial and professional life. Each week you can tune in and hear how women have paved the road to sustained success with both beliefs and actions. Check it out at www.profitbossradio.com. The article is posted on my website at http://lindapjones.com, podcast 273. From Beth: Very interesting! I set up an account and reviewed my earnings. Looks like a previous employer did not report my earnings. Getting that rectified. Thanks, Linda! Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.

Learn if you have what it takes to become a millionaire. Before we get started, I wanted to let you know about another awesome podcast called Profit Boss Radio. Profit Boss Radio, hosted by MBA and Certified Financial Planner Hilary Hendershott, highlights inspiring women who have created success in their financial and professional life. Each week you can tune in and hear how women have paved the road to sustained success with both beliefs and actions. Check it out at www.profitbossradio.com. The article is posted on my website at http://lindapjones.com, podcast 272. Connect with me on TW and IG @lindapjones and Facebook @Lindapjonesfanpage. Please subscribe and leave me a review on iTunes or Stitcher Radio. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at www.lindapjones.com.