Episode #170: Where to Borrow Short Term Cash With Rising Interest Rates

Sometimes we find ourselves in a situation where we need a little bit of short term cash and would like to know where to get it at the most affordable rate. This week’s episode of Grow Money Business is all about loans and cash. Throughout the episode, we discuss 401K plans, personal loans, credit cards, margin loans, home equity lines of credit, and more.

Show Notes

[04.08] Personal loans -  Grant starts off the conversation by defining personal loans.

[08.00] HELOC – Grant explains the home equity line of credit, as well as its advantages and disadvantages.

[16.38] 401K plan – Grant dives into how 401K loans work, the advantages of using one, and the taxes and penalties that can come with them.

[19.00] Margin loans – Grant explains margin loans and the implications that come with them.

[29.20] Hypothecation – Grant defines hypothecation and what’s happening behind the scenes.

Resources

What is a Margin Loan and How Does It Work? –

supermoney.com/what-is-a-margin-loan-and-how-does-it-work/

401(k) Loans: Reasons to Borrow, Plus Rules and Regulations –

investopedia.com/articles/retirement/08/borrow-from-401k-loan.asp

Episode #169: Is Now the Time to Jump Into Bitcoin?

Bitcoin and Ethereum are the two biggest cryptocurrencies in the world. They experienced a severe fall last year due to market turbulence, but in the past couple of months, they have started to rebound. This has a lot of people wondering if it is a reasonable time to jump back into cryptocurrency. This week on the show, we discuss Bitcoin’s potential rebound, cryptocurrency as an alternative investment, the current state of El Salvador, and more.

Show Notes

[06.26] Bitcoin transaction – Grant starts the conversation by explaining the effectiveness and efficiency of BTC transactions, which are direct transactions through the world banking system.

[14.22] Purchasing BTC – Grant walks us through what the process of purchasing cryptocurrency looks like.

[18.50] Alternative investment – Grant shares his overall thoughts on cryptocurrency as an alternative investment, and what boxes you should have checked before investing.

[23.43] El Salvador: Grant discusses the current state of El Salvador’s economy after accepting BTC as legal currency.

Resources

El Salvador says it paid maturing $800 million bond –

apnews.com/article/cryptocurrency-politics-nayib-bukele-el-salvador-bitcoin-ba35f3d24c9e866e5dcd410e1eb456bd

How Sam Bankman-Fried swindled $8 billion in customer money, according to federal prosecutors –

cnbc.com/2022/12/18/how-sam-bankman-fried-ran-8-billion-fraud-government-prosecutors.html

Coinbase - coinbase.com/

Kraken -  kraken.com/

BTC - btc.org/en/

Ethereum - ethereum.org/en/

Episode #168: Here's What I Plan to Teach My Kids About Money

It’s never too early or late to start teaching your kids healthy financial habits. In this week’s episode of Grow Money Business, Grant shares a few core concepts that will instill habits that are geared towards long term financial stability. Throughout the conversation, we cover the importance of saving, compound interest, tax-advantaged investing, employing your kids in your business, and more.

Show Notes

[05.51] Saving Money – Grant starts off the conversation by explaining the importance of teaching your kids to save their money.

[09.35] The Power of Compound Interest – Grant shares some tips on how to explain the power of compound interest to your children.

[18.06] Compound Growth – Grant segues into the importance of long-term compound growth.

[20.03] Tax-Advantaged Investing -  Grant walks us through the right time to introduce tax-advantaged investing to your children.

[25.26] Employing Your Kids – Grant shares how to employ your kids in your business and save cash on their behalf.

Resources

Core Financial Concepts to Teach Your Kids

https://vimeo.com/754490510

Episode #167: Case Studies - The $2mm Retirement

Last year, the Wall Street Journal published an article that illustrated what a $2mm retirement looked like. In this week’s episode of Grow Money Business, Grant breaks down the cases described in the article and shares his observations. Throughout the episode, Grant discusses the quality of some of the investments, risk factors, potential adjustments to their investment allocation, and potential planning opportunities they may be missing out on.

Show Notes

[04.10] Case Studies – Grant starts off the conversation by examining the first case study provided in the article.

[10.00] The Guardrails Approach – Grant defines the “guardrails approach” and explains how it works.

[16.38] Retirement Account Distributions – Grant explains  the risk of pulling money out from your retirement account if you don’t have any other source of income.

[20.06] Vision – Grant points out the lack of clear vision in the cases he discussed in The Wall Street Journal.

[28.33] Variable Distribution Rates – Grant shares his thoughts on the relevancy of variable distribution rates.

Resources

Here’s What a $2mm Retirement Looks Like in America –

wsj.com/articles/heres-what-a-2-million-retirement-looks-like-in-america-11661702455

Use the Guardrails Approach to Avoid Running Out of Money in Retirement –

msn.com/en-us/money/retirement/use-the-guardrails-approach-to-avoid-running-out-of-money-in-retirement/ar-AA13M3pm

Episode #166: A Reminder NOT to Pick Up That IUL Policy

An index universal life insurance policy is permanent life insurance that has a cash value component in addition to a death benefit. In today’s episode of Grow Money Business, Grant talks about what an index universal policy is, falsehoods that come with insurance representatives, and more.

Show Notes

[04.08] Index universal life policy – Grant starts the conversation by defining an IUL policy and explaining how they work.

[08.57] A variable life insurance policy – Grant defines a variable life insurance policy and explains how it differs from an IUL policy.

[12.42] Ups and downs – Grant explains how market fluctuations affect index universal policies.

[14.42] Half-truths – Grant shares inaccuracies that come with the sales pitch of a universal life policy.

[22.07] Legitimate uses – Grant shares the legitimate uses of permanent life insurance in a business setting.

Resources

A Guide to Indexed Universal Life Insurance –

nerdwallet.com/article/insurance/indexed-universal-life-insurance

Is IUL a Scam? Yes. –

personalfinanceclub.com/is-iul-a-scam-yes/

10 REASONS TO AVOID INDEXED UNIVERSAL LIFE INSURANCE (IUL) –

youstaywealthy.com/podcasts/avoid-indexed-universal-life-insurance-iul/

Episode #165: Everything You Need to Know About Alternative Investments

Alternative investments can be great investments, but you must generally be a strong candidate for them. In this week's episode of Grow Money Business, Grant discusses what alternative investments are, why they are good considerations, and what you have to look out for.

Show Notes

[02.08] Examples – Grant starts the conversation by defining alternative investments and providing some examples.

[09.02] Benefits – Grant explains the benefits of developing land investments from the managers' perspective.

[12.14] For and Against – Grant contrasts the alternative investment offerings that are considered good versus the ones that are considered bad.

[23.05] Regulation D Offering – Grant explained the Regulation D Offering, which is a rule set by the Securities and Exchange Commission (SEC) governing private placement exemptions, which permits businesses to raise money through the sale of stock or debt securities without registering those securities with the SEC.

[26.06] Legitimacy – Grant shares the importance behind ensuring the legitimacy of the people you choose when buying a traditional investment.

Resources

GMB Ep #154: The Small Business Owner’s Financial Order of Operations –

abovethecanopy.us/small-business-owners-financial-order-of-operations/

Blackstone - blackstone.com/

Episode #164: Where to Park Your Cash With Interest Rates Rising

As of lately, many people are interested in where to park cash amid rising interest rates, as well as the best options that provide the maximum benefits possible. In this week's episode of Grow Money Business, Grant discusses the methodology of saving cash in your emergency fund and several other options for investing your extra cash.

Show Notes

[05.06] The Method – Grant starts off the conversation by explaining how much cash you need in your bank accounts as a business owner.

[10.15] Emergency Fund – Grant shares some tips on what you can do with the extra cash in your emergency fund and where you can park cash amid rising interest rates.

[15.52] Capital one - American bank holding company Capital One Financial Corporation specializes in credit cards, auto loans, banking, and savings accounts. Grant shares some advantages of parking your cash at Capital One.

[16.23] Ally Financial – Ally Financial is a bank holding company that offers a variety of financial services, such as car financing, internet banking through a direct bank, corporate lending, auto insurance, and mortgage loans. Grant shares some advantages of parking your cash with Ally.

[20.15] Brokered CDs or T bills - Grant explains how brokerage CDs and T bills work.

Resources

Online Savings Account - ally.com/bank/online-savings-account/

Treasury Bill Rates - data.nasdaq.com/data/USTREASURY/BILLRATES-treasury-bill-rates

What Is a Brokered Certificate of Deposit (CD)? – investopedia.com/terms/b/brokered-cd.asp

Episode #163: What Investors Need to Know About the SECURE 2.0 Act of 2023

The Consolidated Appropriations, or SECURE 2.0 Act of 2023 provides some changes in the functions of ROTH accounts, 401K plans, and mandatory distributions from your retirement accounts. In this week's episode of Grow Money Business, Grant discusses the highlights investors need to know about, as well as some of the planning opportunities that come with the new act.

Show Notes

[06.08] Changes to ROTH accounts – Grant shares the changes to Roth accounts in the SECURE 2.0 Act of 2023.

[13.04] Traditional vs. ROTH employer contributions – Grant defines traditional & ROTH employer contributions and how employer contributions work under the new Act.

[17.14] Catch-up contributions – A type of retirement saving that allows people over 50 to make additional contributions to 401K and IRAs.

[18.13] Mandatory distributions – Grant explains how mandatory distributions have changed in the new SECURE 2.0 Act.

[23.28] Qualified charitable distribution – A QCD is a direct transfer from your IRA to a qualified charity. Grant dives into the changes regarding qualified charitable distribution in the new Act.

[32.22] Emergency reasons – Grant explains the legislation change for first responders to take their money out from their 401K, 403B, or 457 plans when they hit 50.

[36.14] Penalty for mandatory distribution – Grant shares the 25% penalty decrease for mandatory distribution starting in 2023.

Resources

What’s in the New SECURE Act 2.0? –

asppa-net.org/news/browse-topics/what%E2%80%99s-new-secure-act-20

SECURE 2.0: Rethinking retirement savings –

fidelity.com/learning-center/personal-finance/secure-act-2

Episode #162: The Financial Planning Process Everyone Needs to Be Using

Being well educated in financial planning is vital, especially if you try to plan on your own. However, people who do it themselves often have an inconsistent process. In this week's episode of Grow Money Business, Grant dives into the financial planning process, what you need to know about DIY planning versus hiring a professional, the seven-step financial process by the CFP board, and more.

Show Notes

[03.20] Hiring a Professional – Grant starts the discussion by sharing his thoughts on hiring a professional for financial planning.

[07.18] Planning for the Future – Grant shares why it is crucial to be smart about financial planning.

[13.14] Having a System in Place – Grant shares the importance of having a proper procedure in place for financial planning, as well as some problems he has identified with clients as a result of DIY planning.

[15.33] CFP Board - CFP Board is a non-profit organization that serves the public by promoting professional standards in personal financial planning.

[17.07] Seven-Steps– Grant walks us through the seven-step financial planning process offered by CFP.

[21.24] Reaching Out – Grant shares the details of what kind of professional you need to find if you are going to get help with your financial planning.

[25.57] Fiduciary Responsibility – Grant defines fiduciary responsibility and shares some tips for what you can do if your hired professional who does not have fiduciary responsibility.

[28.50] The Steps – Grant walks us through his firm’s financial planning steps.

Resources

Book by Jim Sheils –

The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children

https://www.amazon.com/Family-Board-Meeting-Connection-Children/dp/1732362912

THE 7 STEP FINANCIAL PLANNING PROCESS –

https://www.cfp.net/ethics/compliance-resources/2019/02/the-7-step-financial-process

Strategic Financial Planning For Business Owners in Transition –

https://www.threeoakswealth.com/

Episode #161: The Yield Curve is Inverted.... Should We Sell Stocks?

An inverted yield curve is an indicator of the possibility of a future recession, and also creates implications for investors and market participants. Currently, the U.S. government is in a sudden, and steeply inverted yield curve environment. In this week's episode of Grow Money Business, Grant discusses the yield curve, how it predicts a future recession, the market impact of long-term debt, and more.

Show Notes

[02.22] Yield curve – Grant starts off the conversation by explaining what the yield curve is and how it works.

[08.35] Investment risks – Grant dives into different risks with investing in U.S. government bonds.

[10.37] Predicting the future – Grant shares the recession prediction due to the higher rate of short-term debt.

[11.36] Inverted yield curve – Grant shares the percentages of short and long-term debt rates.

[15.46] Research – Grant dives into the research details of Fama and Kenneth in 2019 about 'Inverted Yield Curves and Expected Stock Returns.'

[22.00] Investing long-term – Grant shares how investing in the long-term solves many problems and will lead investors to the best outcomes.

Resources

Inverted Yield Curves and Expected Stock Returns –

famafrench.dimensional.com/media/467645/inverted-yield-curves-and-expected-stock-returns-july-28-2019.pdf

Yield Curve Inversion Reaches New Extremes –

wsj.com/articles/yield-curve-inversion-reaches-new-extremes-11669687278

Explainer: U.S. yield curve inversion - What is it telling us? –

reuters.com/business/finance/us-yield-curve-inversion-what-is-it-telling-us-2022-03-29/

Episode #160: Mea Culpa 2022 & Predictions for 2023

We’re almost at the end of 2022, a year filed with various ups and downs in the financial markets. In this week's episode of Grow Money Business, Grant reflects on his previous predictions for this year on Bitcoin, international equities, and value & growth companies. Grant also shares his predictions for 2023 on inflation, interest rate, and credit rates.

Show Notes

[06.54] Bitcoin – Grant kicks off the episode by sharing the predictions he had for Bitcoin early this year and comparing them to how they actually turned out.

[08.22] International equities – Grant explains how international equities did better than US equity counterparts in 2022.

[12.30] Value & growth companies – Grant compares and contrasts value & growth companies and describes how value companies outperformed growth companies in 2022.

[18.09] Inflation – Grant dives into how he was wrong about his prediction that inflation would go down this year.

[24.17] Inflation in 2023 – Grant shares a prediction that inflation will continue to decrease in 2023.

[26.20] Interest rates – Grant shares some predictions for credit rates and interest rates in 2023.

Resources

Episode #159: FTX & Why We Need to Appreciate History

Learning from past mistakes is vital for any business venture or industry because it prevents the same mistakes being repeated. This topic comes to the forefront with the announcement of the controversial bankruptcy of FTX, one of the world's largest cryptocurrency companies, and the catastrophic events and revelations that followed. This week's episode of Grow Money Business discusses what's going on with FTX and why we need to appreciate history.

Show Notes

[04.06] FTX – Grant starts the conversation with a quick overview of what is going on with FTX.

[06.06] The Bankruptcy – Grant dives into how FTX has come to bankruptcy.

[12.20] The Difference – Grant explains the difference between a brokerage firm and a bank.

[13.22] The Great Depression – Grant discusses the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939.

[13.30] Savings and Loans Crisis - After the Great Depression, the S&L crisis was regarded as one of the worst failures of the banking sector in the United States.

[17.00] The Mortgage Crisis - The US subprime mortgage crisis was a global financial crisis that erupted between 2007 and 2010 and was a factor in the global financial crisis of 2007–2008.

[23.04] Mistakes of the Past – Grant dives into what happens when we don't learn from the mistakes we made in the past. He further discusses the similarities between FTX's bankruptcy and Lehman Brothers' bankruptcy in 2008.

[31.30] Negligence – Grant discusses FTX’s negligence towards managing bankruptcy risk.

[36.12] Being appreciative – Grant dives into the importance of appreciating others who came before you and studying their mistakes so you don't have to repeat them.

Resources

 A Crisis PR Veteran on Sam Bankman-Fried’s Weird Media Strategy –

https://nymag.com/intelligencer/2022/12/a-crisis-pr-expert-on-sam-bankman-frieds-odd-media-strategy.html

Sam Bankman-Fried, CZ Battle It Out on Twitter Over Binance's Aborted FTX Buyout –

https://www.msn.com/en-us/money/companies/sam-bankman-fried-cz-battle-it-out-on-twitter-over-binances-aborted-ftx-buyout/ar-AA155PKF

Crypto currency crashes recall 'wildcat' banking –

https://techxplore.com/news/2022-12-crypto-currency-recall-wildcat-banking.htmlAn Inconvenient Truth About Environmental, Social, and Governance Investments
https://hbr.org/2022/03/an-inconvenient-truth-about-esg-investments

Episode #158: The Sorry State of ESG Investing

ESG investing, also known as environmental, social, and governance, has been renowned as a perfect way of utilizing investment resources aligned with personal values. However, in the last couple of years, the quality of ESG investing has gone down. In this week's episode on Grow Money Business, we discuss the ESG fund, the three big issues of ESG, ESG versus non-ESG, overall transparency, and more.

Show Notes

[02.37] ESG – Grant begins the conversation with a general overview of environmental, social, and governance investments.

[04.10] Three big issues – Greenwashing, nepotism, and performance are the three big issues related to ESG investing recently.

[06.15] Greenwashing – Grant dives into what greenwashing is and how it happens at both the fund and company levels.

[11.22] Drawing up an ESG fund – Grant explains how weight and elimination are the two primary ways to build a portfolio that aligns with a specific ESG ideology.

[15.35] ESG vs. Non-ESG – Grant shares how research revealed that most companies under ESG fund in the USA had the worst record in 2021.

[19.45] Nepotism – Grant dives into the concept of nepotism in the ESG field.

[27.24] Transparency – Grant dives into the importance of transparency when it comes to ESG funds in your organization.

[28.05] Performance – Grant shares what investors should want to know regarding performance related to ESG investing.

Resources

 An Inconvenient Truth About Environmental, Social, and Governance Investments
https://hbr.org/2022/03/an-inconvenient-truth-about-esg-investments

Greenwashing And ESG: What You Need To Know – https://www.forbes.com/advisor/investing/greenwashing-esg/

Episode #157: All About Defined Benefit Pension Plans

Some crucial components of effective retirement planning include saving early and regularly, making good investment choices, and creating a budget for your personal or business expenses. In this week's episode of Grow Money Business, Grant dives into defined-benefit pension plans. Throughout the episode, we talk about the specifics of a defined-benefit pension plan, how to set one up. different types of tax-advantaged retirement plans, benefits, investment performance, and more.

Show Notes

[03.03] Defined-benefit pension plan – Grant starts off the conversation by explaining exactly what a defined-benefit pension plan is.

[08.53] Creating a defined-benefit plan – Grant dives into the process of creating a defined-benefit pension plan and how it benefits single business owners, LLCs, or S corporations.

[14.05] Investment performance – Grant explains the relationship between the success of a pension plan and investment performance.

[22.32] Pension assets – Grant describes what happens when pension assets become volatile and some best practices for avoiding volatility.

[26.52] CalPERS/ CalSTRS – Grant ties in the California Public Employees' Retirement System and California State Teachers Retirement System.

[31.14] Defined-contribution plan – Wrapping up the conversation, Grant shares the impacts you can have on your defined-distribution plan if you create a defined-benefit plan.

Resources

 Defined Benefit Plan -

www.irs.gov/retirement-plans/defined-benefit-plan

Personal Defined Benefit Plan -

www.schwab.com/small-business-retirement-plans/personal-defined-benefit-plan

What Is a Defined-Benefit Plan? Examples and How Payments Work -

www.investopedia.com/terms/d/definedbenefitpensionplan.asp

Episode #156: All About the Employee Retention Tax Credit

The COVID-19 pandemic has had severe impacts on every industry across the globe and due to government restrictions, businesses experienced drastic revenue declines. In this week's episode of Grow Money Business, we will discuss the employee retention tax credit, introduced to help those businesses that struggled through the pandemic. Throughout the episode, we dive into what ERTC is, how it works differently in 2020 and 2021, who can apply for it, and the payroll information form.

Show Notes

[3:00] In the Media - The ETRC has been making headlines for both positive and negative reasons. Grant explains some of the current conversation and controversy around companies that are offering to assist with amending tax returns to capture the ETRC.

[05.50] ETRC Overview – Grant dives into the ERTC, who can apply it, and how people can try to claim the credit retroactively.

[11.00] How it works – Grant shares how the tax credit works and how it differs in 2020 and 2021.

[13.05] Payroll information form – Grant explains the 940 payroll information forms that you need to submit to IRS to get the tax credit.

Resources

As Pandemic Aid Dries Up, Businesses Chase Covid Tax Credit –

https://www.wsj.com/articles/as-pandemic-aid-dries-up-businesses-chase-covid-tax-credit-11668292886?mod=Searchresults_pos1&page=1

What Is the Employee Retention Credit For 2022? –

https://www.payscale.com/compensation-trends/what-is-the-employee-retention-credit/

Episode #155: How to Avoid the 10% Withdrawal Penalty If You're Retiring Early

If you’re planning for early retirement and have saved money in tax qualified accounts, there are some important considerations to be aware of. In this week’s episode of Grow Money Business, we are going to dive into how early retirees can avoid the 10% withdrawal penalty. Throughout the episode, we discuss the details of the early withdrawal penalty, some common misunderstandings about Roth IRAs, and the three options you can use to avoid the 10% withdrawal penalty when you decide to retire before 59½.

Show Notes

[01.02] Early withdrawal penalty – Grant explains the ins and outs of the early withdrawal penalty, which applies to distributions taken from an IRA or retirement plan before the participant is 59½ years old.

[05.15] 401k Distributions – Grant shares some important considerations if you plan to take distributions from your 401K before IRAs or Roth IRAs.

[10.45] Substantially equal periodic payments – Grant explains how you can avoid the early withdrawal penalty by utilizing substantially equal periodic payments.

[16.15] Taxable Brokerage Accounts – Grant shares a third maneuver for avoiding the early withdrawal penalty that allows tax-deferred accounts to grow and compound.

[20.16] Roth IRA Myths – Grant clarifies some common misconceptions regarding the five-year ROTH IRA rule.

Resources

72t Distributions: The Ultimate Guide to Early Retirement –

https://www.abovethecanopy.us/the-ultimate-guide-to-early-retirement-with-72t-distributions/ 

Substantially Equal Periodic Payments –

https://www.irs.gov/retirement-plans/substantially-equal-periodic-payments 

Exceptions to Tax on Early Distributions –

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions 

Episode #154: The Small Business Owner's Financial Order of Operations

Whether it’s related to your personal or business finances, it is always essential to go one step at a time when comes to planning. This week on Grow Money Business, we are going to talk about the small business owners' financial order of operations. Throughout the episode, we dive into Dave Ramsey’s seven-step checklist, as well as Grant's 10-step financial planning checklist for small business owners.

Show Notes

[03.50] Ten steps checklist – Grant explains the benefits of financial planning and introduces his 10-step checklist for small business owners.

[09.51] Step one – Grant shares the first step of his checklist and explains the importance of establishing an emergency fund of one month’s worth of personal expenses.

[11.28] Step two – Grant dives into step two of his checklist: adding an emergency fund of one month's worth of operational expenses.

[12.25] Step three – Grant explains the importance of paying off both personal and business high-interest debts in his third step.

[13.00] Step four – Grant outlines step four, which is expanding personal emergency funds from one month's worth of expenses to between three to nine months' expenses.

[14.00] Step five – Grant dives into step five: expanding the business cash fund.

[15.30] Step six – Grant shares the sixth step of his checklist, which is establishing a company retirement plan.

[15.35] Step seven – Grant explains the importance of financial flexibility, and why your next step should be paying off your other non-mortgage debt (student loans, auto loans, etc). 

[17.00] Step eight – Grant reviews the eighth step of his check list, which is circling back to the retirement plan and maximizing your supplemental retirement saving options.

[18.00] Step nine – Grant dives into step nine: saving for your children’s education.

[18.40] Step ten – Grant shares the final step of his checklist, which is building wealth.

[23.27] Emergency fund – Grant shares some tips on choosing an amount for your emergency fund according to your current financial position.

Resources

Dave Ramsey’s 7 Baby Steps:
ramseysolutions.com/dave-ramsey-7-baby-steps 

Financial Order of Operations Course
learn.moneyguy.com/financial-order-of-operations-course

Episode #153: Have Stocks Already Hit Rock Bottom?

 The stock and bond markets have had a terrible time this year, and many wonder if the worst is over or if the next 12 months will bring more hardship. However, although the economy faces challenges, there are also grounds for optimism. In this episode, we'll dive into the details of what's been happening recently in the economy and the stock market, as well as some suggestions for how you might want to adjust your investment strategy.

Show Notes

[02:55] Long-Term Bond Yields  - Grant explains the current state of inflation, and how the long-term bond yield is a good proxy for inflation expectations.

[06:21] Inflation Expectations - Inflation expectations among the general public have decreased. Grant goes into greater depth on inflation expectations, elaborating on the labor market and US unemployment rates.

[09:53] The US Dollar – Grant explains the consequences of the US dollar's value and strength fluctuations.

[11:36] Oil Prices – Grant discusses whether or not the recent rise in oil prices can be attributed to Opec's decision to reduce its output.

[14:03] Investing -  Grant shares how you can use data to make better decisions about your investments.

[20:17] Valuation Measures – Grant shares some different valuation measures that you should be aware of.

Resources

Have The P/E Ratios Of S&P 500 ETFs Dropped Into The Buy Range?: seekingalpha.com/article/4544667-have-s-and-p-500-etfs-pe-ratios-dropped-into-the-buy-range

Here's one key measure of stock performance that suggests the market has already hit a bottom, Leuthold's Jim Paulsen says: msn.com/en-us/money/markets/heres-one-key-measure-of-stock-performance-that-suggests-the-market-has-already-hit-a-bottom-leutholds-jim-paulsen-says/ar-AA13ktlF

Episode #152: Responsible Emerging Markets Investing With Perth Tolle

Investments in developed economies like the U.S. and Europe are generally thought to be less risky than those in emerging markets. However, these emerging markets come with a great deal of investment potential. We dedicated today’s episode to exploring responsible emerging markets investing, and are joined by Perth Tolle, the founder of Life + Liberty Indexes. Throughout the episode, we dive into the Perth’s professional journey, freedom weighting, funding, ESG, operating expenses, and more.

Show Notes

[04.14] The Journey – Perth shares her story and the reason behind not investing in her home country.

[07.22] Freedom weighting – Perth explains how they use third-party freedom metrics based on three freedom categories; civil, political, and economic.

[12.16] Chile – We dive into the dynamics of the best-performing emerging market this year.

[16.28] Funding – Perth explains how the funding was done in 2019, and shares some performance metrics.

[21.20] Environmental, Social, and Governance – Perth shares why they are distancing from ESG.

[25.27] Lifecycle – Perth explains the process of starting her ETF.

[38.45] First purchasing – Perth shares details on the first security purchasing.

[42.18] ADRs – Perth and Grant discuss American Depositary Receipts (ADRs), which are negotiable security instruments issued by U.S. banks and reflect a certain number of shares in a foreign business traded on U.S. financial markets.

[44.50] Work-life balance – Perth explains the importance of a balanced personal and professional life.

[47.39] Next five years – Perth shares what the next five years in her organization will look like.

Resources

Connect with Perth

 https://www.linkedin.com/in/perth-tolle-7757b745/

 https://twitter.com/Perth_Tolle

https://www.lifeandlibertyindexes.com/

https://www.linkedin.com/company/life-liberty-indexes/

https://alphaarchitect.com/wp-content/uploads/compliance/etf/factsheets/FRDM_Factsheet.pdf

Episode #151: Managing Employment-Related Legal Risks With Andrew Esposito

Managing and treating employees fairly while maintaining compliance with state and federal regulations is a delicate aspect of any business organization. This week on Grow Money Business, we’re joined by Andrew Esposito. Andrew is a labor law practitioner, human resources attorney, and manager of client development at Clemans Nelson & Associates, a management consulting service provider for labor relations and human resource management needs. Throughout the episode, we dive into some of the biggest legal risks Andrew had to face related to employment and more.

Show Notes

[03.32] Background –Andrew dives into his professional career, where he currently works, and what services they are providing to customers.

[05.41] Labor law posters – Little things matter the most when it comes to a small business. Andrew dives into the importance of purchasing labor law posters yearly and posting them in a clear visible area.

[08.18] Businesses – Andrew shares what kind of businesses they are working with within their practice.

[10.09] 1099 Contractor vs. W2 employee – Andrew outlines some important considerations for small business who want to avoid legal problems related to hiring independent contractors.

[17.21] Salaried & hourly – Andrew explains the difference between salaried and hourly employees.

[25.53] Employee count – Andrew shares some relevant points around the employee count of an organization.

[32.06] Biggest risks – Andrew dives into the biggest risks that he had to take throughout his career.

[46.53] Exit & stay interviews – Andrew explains the differences between exit interviews and stay interviews.

Resources

https://clemansnelson.com/