Episodes
This week’s guest on the show is Eric Mason. Eric is a CFO, an economist, and a TEDx speaker. He is the current Chief Financial Officer for Quincy, Massachusetts. where he provides direct analysis of all economic and financial forecasting to the Chief Elected Official. He has an academic background in economics and has worked extensively in the field, with a focus on analytics and public policy.
This week’s guest on the show is Eric Mason. Eric is a CFO, an economist, and a TEDx speaker. He is the current Chief Financial Officer for Quincy, Massachusetts. where he provides direct analysis of all economic and financial forecasting to the Chief Elected Official. He has an academic background in economics and has worked extensively in the field, with a focus on analytics and public policy.
This week’s guest on the show is Eric Mason. Eric is a CFO, an economist, and a TEDx speaker. He is the current Chief Financial Officer for Quincy, Massachusetts. where he provides direct analysis of all economic and financial forecasting to the Chief Elected Official. He has an academic background in economics and has worked extensively in the field, with a focus on analytics and public policy.
This week our guest on the show is Michael Koeppel. Michael is the managing director and founder of Lakelet Advisory Group. In his roles as a board director, C-level leader, and business transformation strategist, he has helped companies in the manufacturing, technology, healthcare device, and turnarounds.
It’s not a surprise that the value of bond funds has gone down with the high interest rates in the past couple of years. But is it a good enough reason to dump your bond funds over it? In this mailbag questions episode, we discuss PIMCO Total Return Instl.., the risks of dumping your bond funds, debt payments, and more.
This episode features Ray Drew, a top-producing SBA 7a Lender, podcast host, and SMB investor. He is currently working as the Managing SBA Business Development Officer at Fund-Ex Solutions Group. Throughout his career, Drew has focused on assisting small business owners with the complexities of small business administration loans.
This week on Grow Money Business we are talking about stock concentration and the Magnificent 7. Last year, there was a group of seven companies that produced a huge portion of the S&P 500’s approximately 20% annual return. Join us as we dive into why these seven companies out-performed, arguments for why they may or may not continue to, and more.
In this episode of Grow Money Business, we are joined by Rocky Lalvani. Rocky is a chief profitability advisor and currently works in his business consulting practice following the principles written in the book ‘Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine’ by Mike Michalowicz.
This week’s episode of Grow Money Business is all about Mea Culpa 2023 and 2024 predictions. About a year ago, Grant discussed some loose economic and financial predictions. In today’s episode, we return to those predictions to discuss what went right, what went wrong, and share some new predictions for 2024.
Asha Paulose is an elder law and estate planning attorney in New York who operates a virtual law firm for clients living in Long Island, NYC, and the Hudson Valley. Her firm prepares trusts, wills, and other planning documents to help protect assets as individuals begin to age. She joined us today to talk about the common estate planning mistakes people make.
This week’s episode of Grow Money Business is all about your investment portfolio. Going into 2024, this is an opportunity to rebalance your portfolio and think about whether your asset allocation is right for you. Join us as we dive into how to rebalance your portfolio, target bonds, exchange-traded funds vs. mutual funds, and more.
[03:40] Rebalancing – Grant explains the importance of balancing your investment portfolio.
[10:28] Personal priorities – Grant describes how to reassess personal priorities and the importance of having a professional to guide you through them.
[15:00] Target bands – Grant explains target band rebalancing.
[24:00] ETF – Grant explains the difference between exchange-traded funds and mutual funds.
What’s the Optimal Rebalancing Strategy?
nasdaq.com/articles/white-paper%3A-whats-the-optimal-rebalancing-strategy-2021-08-02
See how tax-smart asset location can potentially help improve after-tax returns
https://www.fidelity.com/viewpoints/investing-ideas/asset-location-lower-taxes
Scott Christianson is an Associate Teaching Professor at the University of Missouri whose proficiency involves technology, information systems, project management, and education, enabling him to guide students in developing critical thinking skills about upcoming technologies such as artificial intelligence and blockchain. He joined this week’s episode of Grow Money Business to update us with his knowledge of generative AI, cryptocurrencies, Central Bank digital currency, and more.
[07:45] AI –Scott explains how AI can be inaccurate in specifying details and how we can use it as a tool in our arsenal.
[12:50] Copyright issues – Grant and Scott talk about the large-scale copyright issues artists are facing because of AI.
[22:09] Impact – We dive into how generative AI impacts professions such as content creation.
[31:26] Bitcoin – Grant and Scott discuss the long-term potential of cryptocurrency.
[43:00] CBDC – Scott shares his thoughts on Central Bank Digital Currency and its current standing.
[50:38] Usage of CBDC – Scott shares some examples of countries that are both successfully and unsuccessfully using CBDC.
[56:03] Wealth inequality – Grant and Scott discuss the rising wealth inequality in the USA.
Number Go Up: Inside Crypto's Wild Rise and Staggering Fall
by Zeke Faux
amazon.com/Number-Go-Up-Cryptos-Staggering/dp/0593443810
On this week’s episode of Grow Money Business we revisit a mailbag question from a few months back: should you be investing in precious metals? Join us as we talk about whether we should include precious metals in our investment portfolios, the pros and cons of doing so, the different ways you can invest in precious metals, and more.
[05:34] Investing in gold – Grant starts off the conversation by explaining the history of investing in gold.
[14:12] Gold standard – Grant describes how the U.S. decided to abandon silver and move to the gold standard.
[20:17] The Great Depression – Grant shares how the Great Depression impacted the gold standard.
[26:00] Sensibility – Grant explains why it doesn’t make a lot of sense to invest in precious metals as part of your portfolio.
[32:00] Investing – Grant shares how you can invest in precious metals, should you choose to.
Gold standard
en.wikipedia.org/wiki/Gold_standard
The Gold Standard Throughout U.S. History
learn.apmex.com/learning-guide/history/the-gold-standard-throughout-u-s-history/
Historically, business growth was heavily dependent on the ability to obtain a bank loan. Over the last few decades, there have been a lot of advancements in the ways that companies can raise capital for growth. On this week’s episode of Grow Money Business we are joined by Karl Dakin, who is a long-time expert in capital raising for small companies. Join us as we dive into the common errors entrepreneurs make when raising capital, deal structures, bank loans for capital raising, market competition and innovation, and more.
[07:39] Raising money – Karl explains the process of raising money from investors.
[12:34] Deal structures – Karl explains the deal structures he typically recommends for entrepreneurs.
[23:08] Bank loans – Grant and Karl discuss why bank loans are not always the best option.
[31:44] Accredited Investor – Karl explains why raising money from an accredited investor is the easiest thing you can do.
[33;25] Mistakes – Karl shares some common mistakes entrepreneurs make when they raise capital.
[38:41] Innovators – Karl explains how innovation is one of the primary ways to make the world a better place.
[44:45] Market competition –Karl and Grant discuss how market competition brings the best products to the world.
Karl's Newsletter
https://www.linkedin.com/newsletters/7136372056836734976/
Index funds are popular investments and come highly recommended by many people. While they are generally a solid investment option, it is still important to have a prudent portfolio and process when making investment decisions for yourself. This week’s episode of Grow Money Business is all about how to select index funds. Join as we discuss decision-making when investing, what we should look for in index funds, mutual funds & ETFs, and more.
[05:38] Decision making – Grant shares some tips for making the best investment decisions for your portfolio.
[13:22] Active management – Grant describes how the active management process works.
[20:09] What to look for – Grant explains what we should be looking for in an index fund.
[22:30] Mutual fund vs. ETF – Grant describes the difference between a Mutual Fund and an Exchange-Traded Fund.
[30:25] Asset location – Grant shares some important notes about asset location, which is the fourth step of the portfolio in choosing an index fund.
What Are Index Funds?
investopedia.com/terms/i/indexfund.asp
Bid–ask spread
en.wikipedia.org/wiki/Bid%E2%80%93ask_spread
Asset Allocation vs. Security Selection: Their Relative Importance
Social Security retirement benefits are crucial for millions of Americans, but the system and the formula for calculating benefits are complicated. After applying for Social Security payments, some individuals get a clawback letter stating that they owe the government money. On this week’s episode of Grow Money Business, Dr. Laurence Kotlikoff returns to the show to discuss his new book ‘Social Security Horror Stories,’ which reveals the dark side of social security. Throughout the episode we discuss social security as a whole, the steps you need to take once you receive a clawback letter, and more.
[07.06] Social Security Horror Stories – Laurence starts off the conversation by explaining how he came to write the book ‘Social Security Horror Stories’ with Terry Savage.
[13.00] Stories – Laurence walks us through some of the horrific stories of people who were victims of social security nightmares.
[24.51] Appealing – Grant and Laurence talk about the social security appeal process and what you need to look out for.
[36.47] Taking action – Laurence shares his idea on why people are not taking action against the injustice of the Social Security Administration.
[48.34] Advice – Grant and Laurence talk about why you should be hesitant take advice from anyone who works in Social Security.
[57.08] Writing – Laurence talks about his writing career with Forbes Business magazine.
[01.10.53] Personal security account system – Laurence explains how a personal security account system works.
[01.21.26] Global market portfolio – Laurence expresses his thoughts on why he thinks the world's financial system is going to yield a good return over a long period.
Social Security recipients struggle to pay back agency after unexpected overpayments
youtube.com/watch?v=sIYsZw0PtlI
Social Security Horror Stories: Protect Yourself from the System -- and Avoid Clawbacks
by Laurence Kotlikoff
amazon.com/Social-Security-Horror-Stories-Clawbacks/dp/B0CMN3H4N7
Connect with Laurence Kotlikoff
LinkedIn - linkedin.com/in/laurencekotlikoff/
Twitter - twitter.com/Kotlikoff
Website - kotlikoff.net/
Since 2023 is coming to an end, we’ve dedicated this week’s episode of Grow Money Business to discussing five year-end financial moves you should consider making. Join us as we talk about gifting both to charity and beneficiaries, cash distributions from businesses, Roth conversions, and harvesting tax losses and gains.
[05.00] Charity – Grant starts off the conversation by discussing charitable gifts.
[06.37] Donor-advised fund – Grant explains the details of a donor-advised fund.
[12.00] Tax Professional – Grant shares the importance of collaborating with your tax professional at the end of the year.
[17.00] Roth conversions – Grant explains why it might be a good idea to convert your assets into a Roth IRA account.
[26.04] The wash sale rule – Grant review the details of the wash sale rule.
[29.18] Tax gains – Grant shares some important year-end information on tax gains.
How To Use the 0% Tax Rate on Capital Gains thebalancemoney.com/how-to-use-the-zero-percent-tax-rate-on-capital-gains-2388995
Donor-advised Funds irs.gov/charities-non-profits/charitable-organizations/donor-advised-funds
fidelity.com/learning-center/wealth-management-insights/gift-and-estate-tax-changes
This week’s guest on Grow Money Business is Alex Perny. Alex is a business development specialist at Advanta IRA, a leader in self-directed account administration. He is also the host of Advanta IRA’s podcast, The Alternative Investment Advantage. For more than ten years, he has provided assistance to a large number of clients in their investment endeavors, specifically in the areas of precious metals, real estate syndications, private stock offerings, promissory notes, and various other alternative assets. Having extensive expertise in the domain of self-directed investing, he has delivered presentations to thousands of investors nationwide, elucidating the utilization of retirement plans for investment purposes beyond the realm of the stock market. Join us as we dive into Alex’s career journey, Advanta IRA, alternative investments, prohibited transactions, and more.
[06.01] Alex’s story – Alex starts the conversation by walking us through his career journey and his role at Advanta IRA as a business development specialist.
[12.10] Advanta IRA – Alex explains the history of an IRA & 401(k) and what Advanta IRA does.
[18.12] Alternative investment – Alex discusses the process of starting an alternative investment in Advanta IRA.
[29.45] Financing IRA properties – Alex shares some recommendations for financing IRA properties.
[35.00] Prohibited transactions – Alex and Grant discuss things that you are not allowed to buy and the transactions that are prohibited when it comes to IRA.
[46.08] Penalties – Alex shares the penalties for violating prohibited transaction rules.
How a Self-Directed 401(k) or IRA Works
investopedia.com/retirement/doing-it-yourself-selfdirected-401k-and-ira/
THE POWER OF A SELF-DIRECTED IRA
Connect with Alex
LinkedIn - linkedin.com/in/alex-perny-cisp-628b8a104/
Are you concerned about getting your non-public information compromised? We dedicated this week’s episode of Grow Money Business to discussing what to do if your personal information is misplaced or compromised in some way. Join us as we dive into how people can take advantage of your personal information, both yours and banks' responsibilities to mitigate events like this from happening, the credit reporting agencies, how a credit freeze can be of help in a situation like this, how to improve your credit, and more.
[05.31] Misplacing personal information – Grant starts the conversation by explaining what other people can do with your misplaced personal information.
[10.31] Responsibility – Grant talks about what the banks do to stop fraud from happening and what you can do to help them.
[12.24] Reporting agencies - TransUnion, Equifax, and Experian are the three credit reporting agencies in the USA.
[18.00] Credit freeze – Grant explains how a credit freeze works, along with its advantages.
[24.26] Equifax – We talk about the Equifax data breach in 2017, which exposed the personal information of more than 140 million US citizens.
[32.27] Improve credit – Grant shares some steps you need to take to improve your credit.
Credit Freeze
experian.com/freeze/center.html
equifax.com/personal/credit-report-services/credit-freeze/
Identity thieves crack major Experian security flaw, access customer credit reports
annualcreditreport.com/index.action
What Is a Credit Score? Definition, Factors, and Ways to Raise It
investopedia.com/terms/c/credit_score.asp
