PPR 259 DOW Wheels are Expensive!
Kraig Strom, The Income Engineer
I'm a crazy car guy so don't take this the wrong way. I love it when the wheels on a car are perfectly matched to the car; however, custom wheels on a car have got to be one of the most financially crazy things I see everywhere. There is no such thing as investing in good or great wheels for your car or truck. No matter what you pay for your fancy wheels, they will be worth less seconds after you roll them out of the show room. I personally respect people who do a little shopping for a great deal on gently used cars and car accessories. This is one of the best stories I've come across and I...
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PPR 259 DIY Fail Inherited Property Mistake
Kraig Strom, The Income Engineer
As a Paralegal and a Certified Financial Planner®, Kraig is uniquely able to assist clients with the careful preparation of asset protection and estate plans. Kraig's team uses a financial-planning approach to ensure that each client obtains the best possible outcomes. With 120 years of combined legal and financial services experience between our team members, we can help you think defensively about protecting your wealth, investments, business intellectual property, and other assets and counsel you through choices you make to prepare for the future. Thanks to the death of...
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PPR 259 Just Say No to Wall Street
Kraig Strom, The Income Engineer
AT THE END OF A RECENT CALL WITH ONE OF MY CLIENTS, I ASKED IF THERE WAS ANYTHING ON THEIR MIND. THEY SAID, "FUNNY YOU SHOULD ASK, WE WERE WONDERING IF YOU WOULD BE WILLING TO WORK WITH OUR SON" FULL DETAILS ARE IMPORTANT. THEIR SON HAD DONE A GREAT JOB AND SAVED UP OVER $250,000 BY AGE 30. HE HAS A GREAT JOB BUT HIS BIGGEST DESIRE IS TO GET INTO THE REAL ESTATE FLIPPING GAME. MY CLIENTS ARE RETIRED AND AFTER SELLING THEIR VERY SUCCESSFUL BUSINESS IN CALIFORNIA, THEY PROMPTY MOVED OUT OF CALIFORNIA TO A LOWER COST OF LIVING IN IDAHO. THEIR SON LIVES IN NEVADA AND WOUD LIKE TO START...
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PPR 259 WYS Cash vs Credit
Kraig Strom, The Income Engineer
Podcast Listener Jimmie writes in with a question about paying cash for a car versus financing. Jimmie thought that paying cash was the best way to buy things. When you consider that the purchase is only one part of the overall equation, it is clear that cash is not king in this case. Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both...
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PPR 260 WYS PORCUPINES & GOLD
Kraig Strom, The Income Engineer
Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey. Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs. ...
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PPR 260 DEATH & RETIREMENT
Kraig Strom, The Income Engineer
Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey. Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs. ...
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PPR 260 DOW Faucets & Snowmobiles
Kraig Strom, The Income Engineer
The quest for lifestyle deflation continues - Check out my Deal O The Week Double Header. Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey. Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters...
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PPR 261 DOW SAVING BIG ON INVESTMENT FEES
Kraig Strom, The Income Engineer
Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey. Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs. ...
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PPR 261 WYS IUL Class Action Lawsuit
Kraig Strom, The Income Engineer
I'm a big beleiver in permanent life insurance and I disagree with financial entertainers who say that all cash value based life insurance is bad in all situations. That's why it pains me when I read stories like the one I share in this episode. Stories where an insurance company clearly overstepped the boundries of what's ethical in my opionion. When a company does things like this, it gives an entire industry a black eye. If you have never heard of Indexed Universal Life, you will want to watch this for sure. If you are being sold or or you already purchased an IUL policy, you will want to...
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PPR 261 BAD PENSION ADVICE FROM DR
Kraig Strom, The Income Engineer
Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey. Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs. ...
info_outlineAT THE END OF A RECENT CALL WITH ONE OF MY CLIENTS, I ASKED IF THERE WAS ANYTHING ON THEIR MIND. THEY SAID, "FUNNY YOU SHOULD ASK, WE WERE WONDERING IF YOU WOULD BE WILLING TO WORK WITH OUR SON"
FULL DETAILS ARE IMPORTANT.
THEIR SON HAD DONE A GREAT JOB AND SAVED UP OVER $250,000 BY AGE 30. HE HAS A GREAT JOB BUT HIS BIGGEST DESIRE IS TO GET INTO THE REAL ESTATE FLIPPING GAME.
MY CLIENTS ARE RETIRED AND AFTER SELLING THEIR VERY SUCCESSFUL BUSINESS IN CALIFORNIA, THEY PROMPTY MOVED OUT OF CALIFORNIA TO A LOWER COST OF LIVING IN IDAHO.
THEIR SON LIVES IN NEVADA AND WOUD LIKE TO START FLIPPING HOUSES BEFORE HE JUMPS OFF THE 9 TO 5 WORK SHIP.
MY SUGGESTION FOR THEIR SON WAS NOT TO WORK WITH ANY FINANCIAL ADVISOR AT THIS POINT. SOME OF THE REASONS INCLUDE:
- RELATIVE TO HIS TOTAL INVESTABLE ASSETS, INVESTEMENT FIRM MINIUMUMS WOULD REQUIRE TOO LARGE A PERCENTAGE TO MANAGE THINGS.
- 250K IS A LARGE NUMBER BUT NOT LARGE ENOUGH TO GET A MONEY MANAGER AND HIGHER LEVEL SERVICE.
- WITH 250K, HE MAY END UP HEARING ABOUT CERTAIN TYPES OF LIFE INSURANCE OR NON GUARANTEED INSURANCE COMPANY PRODUCTS THAT YEILD A HEALTH COMMISSON INSTEAD OF LONG TERM LOW COST ASSETS UNDER MANAGEMENT.
- THE BIGGEST REASON I SUGGESTED HE AVOID WORKING WITH AN INVESTMENT ADVISOR IS THE FACT THAT HE WANTS TO INVEST IN REAL ESTATE.
- IF HE WORKS WITH A MONEY MANAGER, HIS MONEY COULD BE TIED UP ON WALL STREET WHEN A REAL ESTATE DEAL ON MAIN STREET COMES UP.
- HE NEEDS TO KEEP HIS POWDER (CASH) DRY SO HE CAN BE READY FOR REAL ESTATE OPPORTUNITIES.
- I ALSO SUGGESTED THAT HE STARTS FOCUSSING HIS RESEARCH AND EDUCATION ON HIS LOCAL MARKETS SO HE CAN BE READY TO FIND THE CRAZY GOOD DEAL.
- LUCK IS WHEN PREPARATION MEETS OPPORTUNITY!