It’s not only a new year but a new decade and this is the best time to make changes to your financial life. Too often we make radical and impossible to maintain resolutions at the end of the year and then give up by February. Jake and Kirk discuss practical and simple ways to make changes to your life that anyone can implement.
From The Motley Fool: https://www.fool.com/retirement/2018/12/16/5-financial-moves-to-help-start-the-new-year-off-r.aspx Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346
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On this episode Jake and Kirk tackle the question of liquidity. What is it and what considerations should you have when you lock up your cash for years. What are some of the pros and cons of illiquidity and how can you best include in your portfolio, long-term investment projects that have restrictions on liquidating your shares.
https://www.economist.com/finance-and-economics/2019/11/07/what-is-the-illiquidity-premium Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346 
That’s right, a 7 year auto loan. Why would you ever take out a loan on a car that would last longer than the value of the vehicle? There are thousands of these loans being taken out and Jake and Kirk discuss the ins and outs of these loans, why someone would take one, and Jake’s professional advice on this form of debt. This was a fun one you won’t want to miss!
https://www.wsj.com/articles/the-seven-year-auto-loan-americas-middle-class-cant-afford-their-cars-11569941215?mod=e2fb&fbclid=IwAR0JEaXaXy5hclyb6-D0s2CINr_PCwZyi6pqSgE8GdK7kxo3INBjmlczUGU Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346 
WIth the launch of Disney+ the streaming wars are in full effect. Though, many would argue they have been going on for years, with this new streaming service, and many more on the way, the battle for your subscription dollars is officially underway. How will this affect your wallet and what should you do to maximize your media experience while minimizing its impact on your finances? The Jake of All Trades and Kirk The Money Machine discuss.
Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346 
Today a guy in an RV and a cosmopolitan financial planner (that’s Kirk and Jake of course!) are going to talk to you about something more Americans wish they would be: adventurous. Specifically, they wish they could be more bold. What on earth does financial planning have to do with boldness? That is what we will be discussing. We focus in on particular types of personalities that many of us fall into and how individual financial plans can help you achieve your spontaneous adventurous dreams!
https://www.goodnewsnetwork.org/what-makes-you-adventurous-and-how-to-be-more-so/ Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346 
In this recent Wall Street Journal article, the authors give a breakdown of three generic pieces of financial advice we all get in America, and why they may not be the best for you. Jake and Kirk discuss each of them and give you new ways to look at your financial life. For instance, we may want our children to go to college and our parents encouraged their children to attend college, but have we asked if incurring the debt is actually worth the long-range financial setback? Tune in today!
https://www.wsj.com/articles/your-parents-financial-advice-is-kind-of-wrong-11568367000?mod=e2fb&fbclid=IwAR1fWEob_4wm7QFWF3jNEZw73I9m1aSLY9Rx4ktVlyXW32tMAz_ZOQixSug Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346 
It's easy to find negativity around the world today, especially online. But we believe there is much to be optimistic about. With the right support system in your life, you can navigate pretty much anything. That's what we are here for.
I'm Jake Rivas a financial advisor in San Antonio, TX. I focus on helping millennials navigate their financial lives. As a young person creating my own financial freedom, I am ecstatic about sharing that wisdom with you. Today I am sharing 6 short audio episodes from my podcast "Jake of All Trades, " where Every week I give my professional perspective on financial topics that impact your every day life. Basically, the stuff we should've been taught in school. The short episodes are called Fact Versus Fiction, where I take a common financial misconception and explain what is wrong with that way of thinking. These are under five minutes. The FVF episodes are 5 minutes or less and packed with the type of advice I give to clients. The episode "Financial Windfalls" is slightly longer, but I explore different ways to utilize a windfall payment like an inheritance (or a bonus check.) Last up is a longer episode (around 20 minutes) with my Co-Host Kirk Barbera, where we discuss a news article from the Wall Street Journal about the 2017 tax reforms.
Fact or Fiction: I always pay the minimum payment on my Credit Card and that’s fine.
On this episode Jake helps you understand how credit card companies work and how to have the right mentality with credit card payments.
Fact or fiction? You should always prioritize paying your student loans and mortgage off early.
This is a common question Jake receives in his financial planning practice. In this episode he briefly explains both sides of the issues and discusses his views on the common advice given to young people today of "debt free debt free debt free!" Is that always the best advice?
Powerball has offered opportunities to win $1.6 billion. Let's say you received a chunk of that money. We all know you will have taxes and such to pay. But after that, what you are left with would be called a "financial windfall."
Winning the powerball is unlikely. But, what is quite possible for you is to inherit money from the previous generation. The Baby Boomer generation is the wealthiest generation in the history of the world. Some companies have a special feature attached to your retirement plan. The feature is called a profit sharing feature. In this episode Jake breaks down exactly what this feature is, how it works and what to do once you have it. Not every company has this feature. However, you should discover if you have this option available to you. It is one you may want to take advantage of.
MYTH: The Money in Your FSA Carries over every Year
In this episode, your host discusses Flexible Spending Accounts (FSAs). This is an arrangement through your employers that allows you to pay for many medical expenses with tax free dollars. Jake explains the how FSAs work and many of the common misconceptions surrounding them. Jake answers:
Many people who were not expecting it were hit hard by the new tax reforms. Jake and Kirk discussed how most companies did not help their employees prepare with a proper withholding and also some strategies to ensure your company withholds the proper amount from your paycheck for 2020. https://www.wsj.com/articles/once-more-with-feeling-fix-your-withholding-11555061406
Like the podcast? Subscribe on iTunes or Spotify or wherever you listen to podcasts
Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show!
Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346 
It turns out that each generation has a different view of when someone becomes an adult. When do you think a person has become an adult?
Jake and Kirk discuss the various ways generations think about adulting and how to be an adult. Is the millennial generation really taking the longest to become an adult or are they on the same track as the baby boomers? Also, most surveys find that there is one main subject (hint hint it’s near and dear to our hearts on this show) is the key to max “ADULTING!” Tune in for this fun episode (with dogs!) https://www.goodnewsnetwork.org/its-amusing-the-ways-each-generation-defines-adulting/ Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twitter and Facebook @jakestwocents Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346 |
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This communication strictly intended for individuals residing in the states of AR, CA, CO, CT, DC, DE, GA, IL, LA, MD, NC, NE, NM, NY, PA, SC, TX, VA, VT, WA, WI. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services.
Investments are not FDIC- or NCUA-insured, are not guaranteed by a bank/financial institution, and are subject to risks, including possible loss of the principal invested. Securities and advisory services offered through Commonwealth Financial Network®. Member FINRA, SIPC, a Registered Investment Advisor. www.finra.org/www.sipc.org. Fixed insurance products and services offered through CES Insurance Agency. |
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Website by ADI Media.