Speaker 1: This episode is brought to you by P and C Bank.
Speaker 1: A lot of people think podcasts about work are boring,
Speaker 1: and sure they definitely can be, but understanding a professionals
Speaker 1: routine shows us how they achieve their success little by little,
Speaker 1: day after day. It's like banking with P and C Bank.
Speaker 1: It might seem boring to safe plan and make calculated
Speaker 1: decisions with your bank, but keeping your money boring is
Speaker 1: what helps you live or more happily fulfilled life. P
Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
Speaker 1: Boring since eighteen sixty five is a service mark of
Speaker 1: the PNC Financial Service Group, Inc. P and C Bank
Speaker 1: National Association Member FDIC erness What's Up? You ever walk
Speaker 1: into a small business and everything just works like the
Speaker 1: checkout is fast, the receipts are digital, tipping is a breeze,
Speaker 1: and you're out the door before the line even builds.
Speaker 1: Odds are they're using Square? We love supporting business that
Speaker 1: run on Square because it just feels seamless. Whether it's
Speaker 1: a local coffee shop, a vendor at a pop up market,
Speaker 1: or even one of our merch partners. Square makes it
Speaker 1: easy for them to take payments, manage inventory, and run
Speaker 1: their business with confidence, all from one simple system. If
Speaker 1: you're a business owner or even just thinking about launching
Speaker 1: something soon, Square is hands down one of the best
Speaker 1: tools out there to help you start, run and grow.
Speaker 1: It's not just about payments, it's about giving you time
Speaker 1: back so you can focus on what matters most ready.
Speaker 1: To see how Square can transform your business, visit Square
Speaker 1: dot com backslash go backslash eyl to learn more. That's
Speaker 1: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
Speaker 1: Let's Square handle the back end so you can keep
Speaker 1: pushing your vision forward.
Speaker 2: What are five things like a mandatory five things that
Speaker 2: they have to do as far as their personal finance
Speaker 2: in regards today stuff that we talk about.
Speaker 3: Number one, I love the debt snowball, So take off
Speaker 3: your your smallest debt. Aim to pick that off first.
Speaker 3: Number two, pick two to four stocks that you're going
Speaker 3: to invest in for the next ten to fifteen years
Speaker 3: of your life. Don't deviate from it. Number three, pick
Speaker 3: an amount that you are going to invest and don't
Speaker 3: deviate because sometimes people will hear these numbers and like, well,
Speaker 3: I don't have sixty grand to put into the market.
Speaker 3: Start with two hundred, and then once you see the
Speaker 3: two hundred go to four, you're going to find one
Speaker 3: thousand or fifteen hundred to then and put into the vehicle.
Speaker 3: Number three Not to be self aggrandizing, but to watch
Speaker 3: us every week, because if you do that, you're going
Speaker 3: to get a higher return on investment than if you
Speaker 3: watch on the shows. If I made you money, please
Speaker 3: put yes and chat. Look y'all, get the book. You
Speaker 3: deserve to be rich. Number four, find one or two
Speaker 3: people that you're going to have these conversations with. It's
Speaker 3: like having a sparing part nerve or someone to work
Speaker 3: out with. I don't want you to lean on them
Speaker 3: for accountability. But if like we've stuck together for five
Speaker 3: years and we kept telling y'all we're going to stick together, right,
Speaker 3: We've grown collectively and individually as a result. A lot
Speaker 3: of times I'll see people trying and do this on
Speaker 3: their own, and because they don't have someone to lean on,
Speaker 3: they don't stay in a game as long. And then
Speaker 3: number five kill the lifestyle creep like I see too
Speaker 3: many of us get to that first hundred thousand, first
Speaker 3: two hundred thousand and you get the blonde it on
Speaker 3: Mike Emery and you want to talk to me about tariffs,
Speaker 3: go shout with Johnny Dang. I see a lot of
Speaker 3: y'all come out here and go hit Johnny Dang and hey,
Speaker 3: how give your discount because people have been coming. I'm like,
Speaker 3: I know, it's fun to look like you have all
Speaker 3: the money in the world. It's more fun to actually
Speaker 3: have the money in your possession.
Speaker 4: That's effect. That's a fact. Now, that was great. That
Speaker 4: was great for me.
Speaker 2: It would be you have to secure your retirement, so
Speaker 2: you start to invest in your four to one k,
Speaker 2: have an IRA if you're self employed, have a set
Speaker 2: plan the things that we talked about, but you gotta
Speaker 2: have money or later on down the line of forced
Speaker 2: savings that you don't even think about. That is tax
Speaker 2: advantage where you're saving money on taxes. And you'll also
Speaker 2: be able to have a nest egg at some point
Speaker 2: in time in retirement because it's going to be here
Speaker 2: before you know it. So securing your retirement is a
Speaker 2: major thing. And then if you have kids, you had
Speaker 2: to plan for them. So we talk about five to
Speaker 2: twenty nine plan, which is how you can save money
Speaker 2: for college. Or you can have an UTMA account, which
Speaker 2: is how you can just save money for your child
Speaker 2: in general doesn't necessarily have to be used for college,
Speaker 2: but you want to secure or start to, you know,
Speaker 2: have some level of security for them, So that's important.
Speaker 2: You could put money away to earlier you start the
Speaker 2: better compounding interest. One of the things that weren't buffet
Speaker 2: you across the way life insurance. You have to make
Speaker 2: sure that you secure your life life insurance. We've had
Speaker 2: a lot of conversations about that. But if somebody's just
Speaker 2: starting out, that's a great thing to do for sure,
Speaker 2: you know, foundational purposes.
Speaker 4: As far as your financial plan.
Speaker 2: I would say dollar cost average into the stock market
Speaker 2: every single month from a brokerage account. You can open
Speaker 2: a brokerage account. Put one hundred, two hundred, three hundred,
Speaker 2: five hundred whatever you can afford. Whatever you can afford.
Speaker 2: But you know, Ian says two tech two index. You
Speaker 2: put together your strategy and you might have okay, s
Speaker 2: and P five hundred, I'm gonna put two hundred dollars
Speaker 2: into that every single month. I'm gonna put two hundred
Speaker 2: dollars in the Microsoft every single month. Put money into
Speaker 2: the market in a brokerag account. Force yourself for savings
Speaker 2: every single month. That's important outside of your retirement. Two
Speaker 2: different things. Your retirement what we call qualified. What's not
Speaker 2: retirement is non qualified. So non qualified is just regular brokerage.
Speaker 2: You can use that money whenever. You don't have to
Speaker 2: wait until you're fifty nine and a half. But you
Speaker 2: want to do two things simultaneously. And then the last
Speaker 2: thing I would say is a state planning. Put together
Speaker 2: a will if you at the point where trust makes sense,
Speaker 2: make sure your beneficiaries are listed.
Speaker 4: That's important. So those are five things that last.
Speaker 2: One for sure if you on your pathway, if you
Speaker 2: just start now, or even if you haven't just started out,
Speaker 2: you want to just look to make sure you're doing
Speaker 2: things correctly. Retirement, college savings, or just savings for your
Speaker 2: children in general, life insurance dollar cost average into the
Speaker 2: stock market every single month. And then a state planning.
Speaker 2: Make sure you have a will, a trust, put beneficiaries
Speaker 2: on things. Look to see if everything is set up.
Speaker 2: If you die today, will it be a mess? That's
Speaker 2: how you got to gage this. If I die today,
Speaker 2: is it going to be a mess? Meaning when I
Speaker 2: say Is it going to be a mess. Is it
Speaker 2: going to be how they going know with your passwords?
Speaker 2: Or how they going to know how to get into
Speaker 2: your bank account? How they gonna know where you have
Speaker 2: bank accounts at, how they gonna know? So what you
Speaker 2: should do is have a handbook where it's actually detailed,
Speaker 2: and you put it with somebody that you trust, your beneficiary.
Speaker 4: Your lawyer.
Speaker 2: So that way, it's hard enough you die, somebody is
Speaker 2: gonna have to make funeral arrangements. But just think about that,
Speaker 2: like you're doing all this stuff, you're acquiring all this stuff.
Speaker 2: You've got properties over here. If nobody knows about it, Yeah,
Speaker 2: probate your password or worst case scenario, it can get forfeited,
Speaker 2: or it's just not even it's just held. There's billions
Speaker 2: of dollars that's just held in suspense right now because
Speaker 2: nobody's ever claimed it, because nobody knows about it property.
Speaker 4: Think about it. Crypto, same thing.
Speaker 2: If you got crypto, nobody the coin base is not
Speaker 2: gonna call your family like, hey.
Speaker 4: You got dollars in ethereum waiting for you. What's your catchphrase?
Speaker 4: Twenty one word? I got to think about it.
Speaker 5: An illegal alien from Guatemala charged with raping a child
Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 5: accused of murdering a Texas man of Venezuelan charged with
Speaker 5: filming and selling child pornography in Michigan. These are just
Speaker 5: some of the heinous migrant criminals caught because of President
Speaker 5: Donald J. Trump's leadership. I'm Christy Noman, the United States
Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 5: crossings are at the lowest levels ever recorded, and over
Speaker 5: one hundred thousand illegal aliens have been arrested. If you
Speaker 5: are here illegally, your next you will be fined nearly
Speaker 5: one thousand dollars a day, imprisoned, and deported. You will
Speaker 5: never return. But if you register using our CBP home
Speaker 5: app and leave now, you could be allowed to return legally.
Speaker 5: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 5: border and families will be protected.
Speaker 4: Sponsored by the United States Department of Homeland Security,