The Legacy and Lessons for all of us from Zappos' Tony Hsieh
Play • 23 min

Millennial Money's Grant Sabatier joins us to discuss the huge impact of entrepreneur and investor Tony Hsieh. He put customers first and encouraged employees to treat callers as they would their friends, creating a blueprint for online retail success.

The Stacking Benjamins Show
The Stacking Benjamins Show / Westwood One Podcast Network
Murder and Fortune at the Plaza Hotel (with Julie Satow)
What do New York City's richest residents, murderous unions, and world-famous guests like Marilyn Monroe and the Beatles have in common? The Plaza Hotel! Julie Satow, award-winning journalist and author of The Plaza, joins us today to share the century of fascinating stories the hotel holds between its walls. From fortunes beyond measure to the Great Depression, from the Golden Age of Hollywood to Home Alone 2, the Plaza Hotel has never been shy about its place in history. Plus, believe it or not, we're about to enter tax season! Tax expert Katherine Pomerantz joins us during today's headlines to share all-new tax rules. Between relaxed guidelines on charitable giving, new deductions for your student loan payments, and more savings than you'd think for your home office, this is one tax talk that'll keep you listening. Cole and his wife are DINKS, and are contributing heavily to their IRAs and Roth accounts. They're planning on semi-retiring early and are looking for some advice on how they can best invest for the long-term, keep money relatively liquid, and have enough cash for living expenses. Thoughts? (And OH BOY, does Joe have some thoughts on this one. You don't want to miss this). Of course, after a short and sweet rant, Cole gets plenty of great advice for the future. Of course, we'll also save time for Doug's trivia, and much, much more. Thanks for listening!
1 hr 13 min
The Power Of Zero Show
The Power Of Zero Show
David McKnight
My Interview with Former US Comptroller General David Walker (Part 2)
Things may seem bleak when you look at the numbers, but there are solutions that we can implement that could help our situation and ultimately prevent the worst outcomes when it comes to the national debt. David Walker’s book was divided into three parts: a wake up call, a call to action, and a way forward. He has a number of solutions that he’s proposed that meet six principles. Any solution would have to be: pro-growth, socially equitable, culturally acceptable, have mathematical integrity, be politically feasible, and have meaningful bipartisan support. We have to agree that the real metric to measure is debt-to-GDP and we need to get it to a sustainable level within a reasonable period of time. We also have to recognize that this can’t be done one reform at a time and needs to be addressed as a package. Medicare seems like the hardest nut to crack because it is tied to demographics and health care costs grow faster than inflation, which prevents the US government from printing their way out of the problem. Most Americans agree regarding gradually increasing the age of retirement over several years which was done in the 1980s Social Security reform package. Increasing the the taxable wage base cap and adjusting the benefits paid out (e.g., higher replacement rate for lower income and somewhat lower for higher income individuals) are reasonable solutions for Social Security. When it comes to healthcare there are a number of more complex issues to deal with. The first is that the US government has overpromised on healthcare. Government needs to determine a reasonable, affordable and sustainable level of healthcare that should be available to everyone and government needs to have a budget. Government will do more for the poor, disabled and veterans. The US is the only country on the Earth that doesn’t have a budget for healthcare, which is one of the reasons that there are so many healthcare horror stories in the US. If interest rates simply return to 2003 levels, the cost of servicing our current debt quintuples. Interest rates are not going to stay low, they are going to go up. The only question is how much and how fast. David Walker believes that we will not default on the debt because federal debt is guaranteed by the U.S. Constitution. The responsibilities of the federal government envisioned by the founders took up 97% of the budget in 1912. This has fallen to 29% of the budget, and was declining as of 2019. The higher the debt-to-GDP goes, the higher that taxes are likely to be, and the lower the level of economic growth we are likely to achieve. The longer we wait to solve the problem, the higher that taxes are likely to go as well. The biggest deficit the United States has is a leadership deficit. We have too many people living for today and not enough people focused on how to create a better tomorrow. The two party system is part of the problem. 43% of voters are unaffiliated, and are largely unrepresented. It ultimately falls onto the President to make this issue a top priority. We need a mechanism that engages the American people in unprecedented ways and sets the table for tough fiscal choices in Congress (e.g., a Fiscal Sustainability Commission), and the sooner we do it the better off we’ll be. President Biden needs to deal with this problem because we only have one President at a time and one bully pulpit where the message can really make an impact. We need a number of political reforms because today we have a Republic that’s not representative of, or responsive to, the general public. David recommends redistricting reform, integrated open primaries, ranked choice balloting, campaign finance reform, and 12-year term limits. Career politicians are not what the US needs. It’s not what the founding fathers intended and it’s one of the many things that we need to change to revitalize our republic. On a personal level, we need to focus on our families and our clients. We can’t control what happens in Washington but we have to take steps to hold our elected officials accountable as much as we can.
23 min
Retirement Answer Man
Retirement Answer Man
Roger Whitney, CFP®, CIMA®, RMA, CPWA®, AIF®
Retirement Plan Live 2021 - Unexpected Retirement: Discovering a New Identity and Purpose
This is it -- the last episode of Retirement Plan Live 2021! We have walked Trish through her unexpected retirement to see if she has what it takes to build the retirement of her dreams. Over the past 4 episodes, we have gotten to know Trish and her situation. We have taken an in-depth look at her goals, resources, and net worth to help her assess whether she is ready to retire. If you would like to start this series from the beginning, head back over to episode 359, if you’ve already listened then press play now. Don’t miss the live webinar! Please join us tomorrow, January 28 at 7 pm CST, for the live webinar where I’ll help Trish discover if this dream of hers is attainable. We’ll identify the risks and opportunities she has to create a feasible plan to rock retirement. During this live webinar, you can ask questions and have them answered. You can even use Trish’s example as a case study to help you build your own retirement plan. What is identity? Identity encompasses everything about you. It is a mishmash of your memories, experiences, values, and relationships. All together this big pot creates who you are. Consequently, identity is not fixed -- it changes over time. There are pivot points in your life, like those transitions from high school to college, college to career, marriage, and family. We can use these points in life as opportunities to start with a fresh slate and remake our identities. Retirement is another opportunity to start over and remake your identity. If you haven’t spent enough time creating your identity outside of work it can feel scary to think about who this new you is going to be. Have you thought about who you want to be in retirement? Trish lost her sense of control after getting laid off Trish had worked at her job for 29 years. We don’t see that very often anymore. She truly thought that she would work there until she chose to retire at age 55. So when she was laid off unexpectedly this past October, it was like a kick in the gut. She is still reeling from the effects. Every day she keeps the same routine, she gets up, goes for a run, gets dressed, and heads to her home office to search for work from 8-5. Will coming up with a retirement plan help ease her worries? What does this make possible? When we are in the midst of a problem it can be easy to lose perspective. This is why it is important to slow down and make purposeful decisions. One question to ask yourself when dealing with the unexpected is: what does this make possible? Can Trish begin to see the possibilities? Can she start looking ahead? What about you? Do you know how you can create a meaningful life after retiring? Listen in to hear from retirement coach, BW, he has helpful advice for Trish that may resonate with you as well. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN WHAT DOES THAT MEAN? * [2:11] What is identity? PRACTICAL PLANNING SEGMENT * [7:25] Trish wasn’t happy to get laid off * [14:35] Would not needing a job help her relax? * [20:53] What is she doing to help herself get through this? COACHES CORNER WITH BW * [25.11] Slow down and be purposeful * [31:03] Trish can find the balance TODAY’S SMART SPRINT SEGMENT * [35:05] Let yourself be happy Resources Mentioned In This Episode Register for the live webinar on 1-28 at 7 pm CST Rock Retirement Club Roger’s YouTube Channel - Roger That BOOK - Rock Retirement by Roger Whitney Work with Roger Roger’s Retirement Learning Center
40 min
Student Loan Planner
Student Loan Planner
Travis Hornsby
Ron Lieber, NY Times Columnist, on Debunking the Complexity of College Education and the Financial Aid System
After navigating the system and successfully applying for financial aid, New York Times columnist, personal finance expert and author, Ron Lieber made it his life’s mission to demystify the complexity and help students and their families discover smart ways that they can “beat the system” to get the best value at a reasonable cost. We also discuss his book, The Price You Pay for College, that was released today. In today’s episode, you'll find out: * How colleges financially take advantage of incoming college students * The one hack Lieber says you need to pay less for college * How to ask for a financial aid appeal to get more money for college * How financial aid is disproportionately disadvantages low-income students and people of color * What is merit aid and how did it become so popular at colleges * Why state universities have honors colleges * Whether an honors college is worth it * Why using adjuncts and non-tenured positions don’t lower tuition costs * What is ‘administrative blot’ and why it’s good for students * How college choice impacts the person your marry * Why Lieber doesn't think the tax bomb is going to be as big as you think * The reason Lieber thinks raising federal borrowing limits can help borrowers * Why you should assume your servicer will screw up the reinstatement of your loan payment * What Lieber predicts will happen to student loans in a Biden administration * Where to get a copy of Lieber’s new book, The Price You Pay for College Full show notes at: Like the show? There are several ways you can help! * Subscribe on Apple Podcasts, Spotify or Google Podcasts * Leave an honest review on Apple Podcasts * Follow on Facebook, Twitter, or LinkedIn Feeling helpless when it comes to your student loans? * Try our free student loan calculator * Check out our refinancing bonuses we negotiated * Book your custom student loan plan
44 min
Money! with Stacy Johnson
Money! with Stacy Johnson
Estate Planning Tips & Tricks
It's amazing how many people wait till the last minute to do their holiday shopping. It's not like it's a surprise. It's as inevitable as the sunrise, yet they don't prepare in advance. Planning for your death is the same way. If there's one thing we all have in common, it's that one day, we're all going to die. Yet, according to a recent Merril Lynch survey, nearly half of Americans over 55 don't have a will. Eveyone should have essential estate planning documents. They're easy to find, cheap to produce and the whole process is faster and easier than Christmas shopping. That's what this week's "Money!" podcast is about: how to know what you need, how to find it and how much it costs. Even if you've already taken the necessary steps, listen to it anyway: It's a good refresher. Ready to get your house in order with the least possible hassle? This podcast is for you. As usual, my co-host will be financial journalist Miranda Marquit and our producer, sound effects guy and participant is Aaron Freeman. Want more information? Check out these links: 8 Documents That Are Essential to Planning Your Estate 17 States With Inheritance or Estate Taxes — or Both How to Create a Meaningful Legacy for Your Loved Ones Extreme Financial Makeover: 30 Moves in 30 Days What Happens to Your Email and Social Media After You Die? How Do I Choose an Executor for My Will? Should I Prepay My Funeral? Do I Really Need a Will? Is Fear of Death Hurting Your Retirement Nest Egg? Ask Stacy: Can I Put Together My Own Will? Have You Got The Power … of Attorney, That Is? Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course Hosts: MoneyTalksNews Ask us a question Become a member: See for privacy information.
39 min
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