Your Safe Money Show August 19th highlights

 For the August 19th Your Safe Money Show, Todd will be touching on a couple Social Security topics . One is about what the COLA will possibly be coming up in October and Social Security is celebrating its 88th birthday and to celebrate we’ll have mistakes to avoid. Now that’s a gift that will keep on giving right? And credit card debt for consumers is at a 10 year high, what can you do to help yourself?

Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com or you can download the app Nice 95.5FM. You can also go to yoursafemoneyshow.com to hear recent shows.

Warren Buffett advise

 I think we all know who Warren Buffett is and he likes to share simple but profound financial wisdom. These are ways we waste money. Neglecting Personal Development: He says the best investment you make is in yourself. Enhancing skills and education can boost your earning potential. Remember knowledge and abilities are assets no one can take away from you. Relying on credit cards: He says ideally you pay off your cards every month otherwise those high interest rates add up quickly. Needless spending can lead to credit card debt. Frequenting Bars and Pubs: Spending on social activities like drinking at bars can add up. Opting for more affordable social gatherings, like home get-togethers, can help save significantly. Chasing the Latest Technology: New gadgets may be tempting, but often, last year’s model serves just as well. Buffett himself has a history of sticking to functional rather than flashy tech. It’s important to assess if the latest upgrades genuinely provide added value for the price. Buying New Cars: Cars are notorious for their rapid depreciation. Buffett recommends buying pre-owned cars and holding onto them for as long as they’re reliable, instead of falling for the allure of the new models. Unnecessary Subscription Services: Subscription services, if not carefully monitored, can become a financial drain. Review these regularly and cancel those that don’t provide value. Regular Nights Out: While socializing is essential, frequent nights out can be a significant expense. Opting for budget-friendly alternatives like home-cooked meals and movie nights can cut costs considerably. Gambling: While gambling might seem like a shortcut to wealth, Buffett emphasizes the importance of understanding the odds. He urges people to make financial decisions that favor their long-term wealth accumulation, not momentary thrills. Smoking: Smoking, beyond its health implications, is a costly habit. Quitting can lead to a significant boost in your personal budget.

Why are you still working 8-12-23

 

Topics for August 12th Your Safe Money Show

 Here's what were planning for this Saturday's (August 12th) Your Safe Money Show. Todd will answer the question “why are you still working”? He’ll also have factors to consider before cashing out a 401(k). And we all know how important your credit score is and he has ways to increase your score right now. Listen at 8 a.m. at Nice 95.5FM KBEK. They stream live at kbek.com. You can now download the app Nice 95.5FM. To hear recent shows go to yoursafemoneyshow.com.

If you are wondering about a life insurance policy

 If you're looking for an unclaimed life insurance policy benefit, check out https://insurance.va.gov/UnclaimedFunds, which is managed by the U.S. Department of Veterans Affairs.

You may also want to consult https://eapps.naic.org/life-policy-locator, a website run by the National Association of Insurance Commissioners. If you're wondering whether a life insurance policy is out there, that might have money owed to you, you would probably find it in this database.

Advice from a 102 year old

 Food for thought from Gladys McGarey, she’s 102 years old, she’s a doctor and she still hasn’t retired. She's beaten cancer, gone through a divorce, and has seen a lot of friends and family pass away. But she still greets each day with optimism. She just published a new book called "The Well-Lived Life" and offered up her top advice for EVERY DECADE of your life . . .

Your Twenties: Use them to grow up a little, but also to find what you're passionate about. Quote, "Your twenties are a time when you start to get serious. You have to put your energy into where you want to go. It's about finding your juice." She says "juice" means discovering your purpose in life.

Your Thirties: Don't get too stuck in your ways. People tend to settle into their habits by their thirties. Or, you might feel like you still don't have things figured out yet. Either way, don't feel like you can't make a change. Quote, "There is still so much to do and so much to reach for. Life doesn't truly begin until your forties."

Your Forties and Fifties: If you can figure out how to take "control" of your life in your forties or fifties, they can be the best years of your life. Don't worry about keeping pace with other people. Just lean on your experience and focus on what's important to you. It's also important to leave hurtful things in the past.

Your Sixties and Seventies: Realize how wise you are and use that experience to keep moving forward. 70 used to mean you were "old," but not anymore, especially from the perspective of 102-year-old. Quote, "There's so much that is still there for you if you look for it."

Your Eighties and Nineties: Remember you can still change almost anything you want to and find new things to explore. Realize your inner child is still in there and keep livin'. She says a happy life is about connecting with your "inner core" and "inner self" no matter how old you are. Quote, "If we do this, we will be exactly where we should be, in each decade of our lives."

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