Tag: save money
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Whole Life is NOT a Good Financial Vehicle | Reaction Life180
Whole Life is often presented as a financial vehicle but the more we review, the more we can’t see how this fits into ANY financial plan. It’s expensive, produces terrible gains, but most importantly, it has an astronomical opportunity cost. Not to mention, everything that’s done in a whole life plan can be done by…
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Reacting to Invest in Real Estate and Leverage with Doug Andrew
Doug Andrew is a Financial Strategist with tons of ideas on how you can give him your money, but in this video, he talks about investing in real estate and using leverage strategies to maximize returns. We love real estate investing so much, we figured we had to check it out to see what he’s…
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My 4 personal finance tips of the week
It has been a busy week, and over the past several days I’ve had several reminders of how many different ways there are for consumers to get fleeced. As expected, I thought it would be a good idea to share some personal finance tips that will hopefully increase our readers financial acuity. Personal Finance TipRead…
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Save big in 2023 by shopping insurance companies
While AJ Sheff is helping you avoid Indexed Universal Life Insurance (IUL), I can help save you money by shopping for better home, auto, and umbrella insurance. It’s insurance week at Wealthy Idiots! Gather quotes annually It’s 2023, and car insurance rates have sky-rocketed. Heck, pretty much everything has sky-rocketed since the start of 2021.Read…
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Breaking: The Coming Fiery Economic Crisis and What You Need to Know to Survive
In this podcast episode, AJ and DC dive into the latest economic data revealing an alarming trend of coming mass unemployment and skyrocketing credit card debt among those without savings. With the Federal Reserve’s bleak predictions for the economy, it’s essential to be prepared and know how to weather the storm. Join us as we…
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Should I Retire Somewhere Cheaper? | Fan Finances
Our top fan, @sarahshanahan2222 asked if we have ever considered moving somewhere cheaper during retirement. AJ explains where he has considered going and why. If you stick around till the end, AJ shares a Marine Corps story of a man who retired somewhere exotic and very inexpensive!
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Real Estate: The Unlimited Money Cheat Code For Life
What if you could money out of thin air? It turns out that Real Estate is the unlimited money cheat code for real. But what’s the catch? AJ explains why Real Estate investing is so powerful but also explains the pit falls to watch out for and how to invest in real estate more safely.