Discover the hottest U.S. housing markets in 2025.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

- Invest in stock ETFs, private equity and digital assets for potential high compounding rates

- Asset allocation model with ticker symbols and % to invest

-Monthly LIVE investment updates with Linda, with Q & A

-Private VIP Facebook group with daily interaction

-Weekly investment commentary from Linda

-Optional 1-on-1 tech team support for digital assets

-Join, pay once, have lifetime access! NO recurring fees.

-US and foreign investors, no minimum $ amount to invest

For the holidays, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional cost. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP

Or have a complimentary conversation to answer your questions. Request a free appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!).

WANT TO INVEST IN STOCKS PRE-IPO?

#Ad Accredited Investors invest in top-notch private companies (pre-IPO) with Linqto. First investment minimum is only $1k. Sign up to receive a $500 credit toward your investment, here: https://tinyurl.com/LindaLinqto

WANT HELP AVOIDING IRS AUDITS?

#Ad Stop worrying about IRS audits and get advance warning at Crypto Tax Audit, here.

PLEASE REVIEW THE PODCAST ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK

Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus

PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

SPECIAL DEALS

#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here. 

#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here.

#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

Discover what it means and why you want to "lock in" your XRP.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

-Asset allocation model with ticker symbols and % to invest

-Monthly LIVE investing webinars with Linda, with Q & A

-Private VIP Facebook group with daily insights

-Weekly investment commentary email

-Lifetime access with no additional cost

-US and foreign investors, no minimum $ amount to invest

For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional cost. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP

Or have a complimentary conversation to answer your questions. Request a free appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!).

WANT TO INVEST IN STOCKS PRE-IPO?

#Ad Invest in private companies (pre-IPO). Linqto has streamlined their onboarding process and no longer requires documentation of assets. Minimum investment only $5k. Sign up to receive a $500 credit toward your investment, here: https://tinyurl.com/LindaLinqto

WANT HELP AVOIDING IRS AUDITS?

#Ad Stop worrying about IRS audits and get advance warning at Crypto Tax Audit, here.

PLEASE REVIEW THE PODCAST ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK

Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus

PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

SPECIAL DEALS

#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here. 

#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here.

#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

Discover why 2025 will bring back the IPO market. Will #Ripple IPO in 2025? Why is the IPO trend looking so strong for 2025?

WANT TO INVEST IN STOCKS PRE-IPO?

#Ad Invest in private companies (pre-IPO). Linqto has streamlined their onboarding process and no longer requires documentation of assets. Minimum investment only $5k. Sign up to receive a $500 credit toward your investment, here: https://tinyurl.com/LindaLinqto

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

-Asset allocation model with ticker symbols and % to invest

-Monthly VIP investing webinars with Linda

-Private VIP Facebook group with daily insights

-Weekly VIP stock market commentary email

-Lifetime access with no additional cost

-US and foreign investors, no minimum $ amount to invest

For an early Black Friday deal, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional cost. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP

Or have a complimentary conversation to answer your questions. Request a free appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!).

WANT HELP AVOIDING IRS AUDITS?

#Ad Stop worrying about IRS audits and get advance warning at Crypto Tax Audit, here.

PLEASE REVIEW THE PODCAST ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK

Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus

PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

SPECIAL DEALS

#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here. 

#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here.

#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

Discover why the S & P 500 had its best week since November.

WANT TO INVEST IN STOCKS PRE-IPO?

#Ad Invest in the same private companies like some billionaires. If you are an Accredited Investor (must have $1 million of net worth excluding your primary residence or $200k income or $300k joint income, or be a registered representative), you qualify to invest in over 50 private companies. Minimum investment is $2,500. Sign up to receive a $500 credit toward your investment from Linqto, here:  https://www.linqto.com/signup?r=e9tdhbl49v

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

-Asset allocation model with ticker symbols and % to invest

-Monthly investing webinars with Linda

-Private Facebook group with daily insights

-Weekly stock market commentary email

-Lifetime access

-US and foreign investors, no minimum $ amount required

Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50". More information is here.  If you would like a complimentary consultation with Linda to answer your questions about the VIP Experience, set an appointment here. 

PLEASE REVIEW THE PODCAST ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK

Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus

PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

SPECIAL DEALS

#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here: https://ref.nordvpn.com/PjngPVgYXBs

#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here: Https://tangem.com/en/?promocode=767FCF

#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

Learn why actor Charlie Sheen seems to be the latest high-income earning celebrity to have financial troubles.

Income is not the problem - replenishing it is.

I review why that is and what he should do about it.

Even if you're not making millions of dollars, the principles of investing to provide income are the same.

Please rate, review and subscribe to the podcast.

Get all episodes of Be Wealthy & Smart here: http://lindapjones.com/podcasts.

Check out my new book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" on Amazon here: amzn.to/2Hy9qk4

Learn the latest news regarding the regulation and introduction of Bitcoin exchange traded funds (ETFs).

Many people would like to see a Bitcoin ETF. 

The Securities and Exchange Commission (SEC) is currently reviewing it.

There is a blockchain technology ETF, symbol KOIN, and an electric car technology ETF, symbol EKAR.

Find all Be Wealthy & Smart podcasts at http://lindapjones.com/podcasts.

Get wealth tips at http://instagram.com/lindapjones.

Please rate, review and subscribe to the podcast on the purple app on your phone. 

Thank you!

Learn whether or not Kylie is self-made and why she has something important to teach us.

Kylie Jenner was recently mentioned in Forbes magazine as potentially, the youngest self-made billionaire, surpassing Mark Zuckerberg.

She turns age 21 on August 10, 2018.

There’s a debate as to whether she is really self-made. Let's look at the facts:

• She was born into a famous family
• Kylie grew up famous
• She is currently on a TV show KUWTK
• Someone else paid for plastic surgery to improve her looks and lip fillers to broaden her lips
• Her Instagram had some help getting to 100 million followers because she was born famous

However,

• Sister Kim is more famous and is #54 on Forbes list
• Kylie came up with product/business idea herself
• Invested $250k of her own money from modeling
• Owns 100% of the company
• Her lip kit priced at $29 was affordable
• She spends nothing on advertising
• Has a limited staff and outsources product & sales
• Uses her influence well

So maybe she’s not technically self-made, but that doesn’t mean she’s not a fantastic, talented business
woman.

Kudos to Kylie!

Other Be Wealthy & Smart podcasts can be found at http://lindapjones.com/podcasts

Join my Instagram page at http://instagram.com/lindapjones

Please Subscribe and leave a Review!

Learn how to create the lifestyle you want using passive income.

Interview with entrepreneur and investor Ali Boone. She shares how to outsource to create your team, how to generate multiple streams of income and how to find a mentor.

Resources mentioned include the book, "Four Hour Work Week" by Tim Ferriss, outsourcing by Upwork.com, and AliBoone.com.

Checkout Be Wealthy & Smart podcast #40 where I discuss designing your lifestyle in detail at:

https://www.lindapjones.com/design-a-business-for-your-lifestyle/

Please subscribe and leave a review!

Learn how to replace limiting beliefs with positive statements to help propel you out of debt.

In the podcast, I explain why affirmations work (even if they haven't worked for you in the past), the trick to overcoming your subconscious arguing with you, reasons why they work, and all the details to change your beliefs and dump the debt.

I also share the 3 things you must have in an affirmation to make it work. 

My system has 2 parts to creating affirmations.

First you make a statement that you want to be true (but isn’t yet), then you make an already true statement. Like this:⠀
⠀
1. I have all the money I need to live on and a lot left over at the end of every month. (You want this to be true).⠀
⠀
2. My name is _______________. (This is already true).⠀
⠀
3. It’s easy to pay my bills and meet all my financial obligations.⠀
⠀
4. I live in ________________. (state or country)⠀
⠀
5. Money is attracted to me and keeps showing up in increasing amounts.⠀
⠀
6. I have ____________ (color) eyes.⠀
⠀
7. My credit cards are clear of any balances.⠀
⠀
8. My mother’s name is ____________.⠀
⠀
Write these on an index card and say them at least twice a day.⠀
⠀
Your subconscious should be replacing it’s old beliefs with healthier new beliefs. ⠀
⠀
From there, your actions will begin to match your new beliefs.⠀
⠀
In about 40 days, notice if you’re thinking differently about money and if your financial situation with credit card debt has changed, let me know.⠀

More information about affirmations can be found on podcast number 21 by going to http://lindapjones.com/podcasts and then clicking on number 21.

My book is now available on Amazon: "You're Already a Wealth Heiress, Now Think and Act Like One. Six Practical Steps to Make it a Reality Now."

Get the Millionaire Action Plan (MAP) and Wealth Checklist in the book, here: http://amzn.to/2Hy9qk4 

Buy it for yourself and/or the women in your life.

Please subscribe to the podcast and leave a review!
⠀

Learn where to invest and find high rates.

It’s listener question Friday!

Dear Linda,  

I love your podcasts! They are simply fabulous! I am wondering where can I get some financial products with a high rate of compounding? Let’s say 8 to 10%. I need your great help for that, Linda. Thank you very much.

Best regards, Marie

I wish 8 to 10% was so easy!

Be careful when reaching for yield.

A friend of mine was pitched 5.5% junk bonds that weren’t diversified and were 30 year bonds! He was actually considering them because a “friend” recommended them.

High yields equal high risk.

Bank yields are paying maybe 1% to 2%. Ten year bonds are 1.5%. How can you get 5.5? Lower the quality - but you don’t want to do that.

Consider alternative investments - but they can be complex.

Dividends on stocks - but it entails risk to principal.

There’s no easy answer for a “guaranteed” rate.

But here’s the question: should you be investing for growth instead of income anyway?

Growth does involve risk, but over the long-term risk is minimized and returns are maximized.

Get started investing to grow your wealth.

I read 3 Testimonials from iTunes. Have you left me one yet?

Please leave a review and subscribe to the podcast!

All episodes are found at http://lindapjones.com/podcasts.

Learn why spending to save money can be a trap.

Shopping - have you ever still had tags on clothes you’ve never worn in the closet?

How does that happen?

Something happened that I wasn’t conscious of until now.

I bought 2 velour sweatsuits. Looked at other pieces but didn’t like them. Next they were on sale. I picked out 5 to try on, even though I didn’t like them the week before.

Suddenly I was convincing myself that they were such a good deal I should just get all 5!

Then I caught myself. Wait a minute. I don’t even like them! The “savings” idea had taken over my logical brain!

This is how we get clutter, clothes we don’t wear, etc. It has to be based on price because if we liked it, we would wear them!

Our closets get full of shoes and clothes that we “collect”, but we can only wear one at a time. If you wore one pair of shoes or one top without repeating, how many days until it took you to wear them all?

Are you not going to wear something, in order to wear this?

Closets are becoming poverty traps! Money is pouring into things we don’t even wear while retirement accounts go without funding.

Next time you are buying multiples, ask yourself, do I really like these? Do I want to wear them tomorrow? Because if you’re not excited to wear it, you don’t really want it.

“Saving” by spending is a fallacy. The only real saving is putting money into an account where your net worth increases.

Hit the subscribe button for instant notice of new podcasts!

Learn what to do so that you can become a millionaire, whether you are a Millennial or not.

Wealth building tips are not just for young people.

Learn what to do to grow your money into millions, no matter what your age is.

Please subscribe to the podcast and leave a review!

Learn what and where the top performing ETFs are.

There are ETFs with better performance than the S & P 500 on a YTD, 3 year and 5 year basis.

In this podcast, I share where the best performing ETFs are and why asset allocation is important.

The performance chart is available on my website at http://lindapjones.com/podcasts, then go to podcast 437.

Please subscribe and leave a review!

Learn what topics are important to high net worth clients.

This is from an article in Investor's Business Daily.

I encourage you, no matter how much or how little money you have, to start modeling the wealthy.

As your wealth mentor, I keep you updated on the most important topics for you to know.

Today, we are discovering the topics that are most important for your wealth building. 

Please subscribe and leave a review!

Discover why luxury real estate prices are at all-time highs.

WANT TO INVEST IN STOCKS PRE-IPO?

#Ad Invest in the same private companies like some billionaires. If you are an Accredited Investor (must have $1 million of net worth excluding your primary residence or $200k income or $300k joint income, or be a registered representative), you qualify to invest in over 50 private companies. Minimum investment is $2,500. Sign up to receive a $500 credit toward your investment from Linqto, here:  https://www.linqto.com/signup?r=e9tdhbl49v

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

-Asset allocation model with ticker symbols and % to invest

-Monthly investing webinars with Linda

-Private Facebook group with daily insights

-Weekly stock market commentary email

-Lifetime access

-US and foreign investors, no minimum $ amount required

Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50". More information is here.  If you would like a complimentary consultation with Linda to answer your questions about the VIP Experience, set an appointment here. 

PLEASE REVIEW THE PODCAST ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK

Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus

PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

SPECIAL DEALS

#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here: https://ref.nordvpn.com/PjngPVgYXBs

#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here: Https://tangem.com/en/?promocode=767FCF

#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

Learn how 2 investors started with $30k and now control over $55 million in real estate.

Jake and Gino host the Wheelbarrow Profits podcast and are authors of the book by the same name. 

They talk with me about 3 reasons for success:

1. Buy right

2. Manage right

3. Finance right

Learn how to make multi-family 'green', how to determine what buildings to make an offer on, how to get financing, and more.

Get more information on their website at http://jakeandgino.com.

Please subscribe to the podcast and leave a review!

Learn the 5 components to your FICO credit score and how to improve your score.

Get my other recent podcasts about credit, podcast #432, 430, 251, 367.

All podcasts are available at http://lindapjones.com/podcasts.

Please subscribe and leave a review!

Learn what international stock markets are performing the best and worst.

Returns are year-to-date thru July 9, 2018.

The graphic is on my website at http://lindapjones.com/podcasts

Please subscribe and leave a review!

Learn how to get a free credit report and why it is so important to improving your credit.

I received a listener letter.

In response the the episode about making one phone call to make good credit great, Brian said:

Linda you are THE BEST...I have been wondering how to boost my credit score now that it's gotten a lot higher since I met you!

Thanks Brian!

Good credit is a matter of doing a few things right consistently. It’s not hard to do if you pay attention to your credit.

Thank you to people who have left reviews for the show!

Please subscribe and leave me a review on iTunes or Stitcher Radio.

All of my podcasts can be found at http://lindapjones.com.

Learn my responses to listener questions about the Robin Hood and Fundrise apps and investing for cash flow.

All of my podcasts are available at http://lindapjones.com/podcasts.

Please subscribe and leave a review for the podcast!

The Debt Diamond™ is the most valuable method to dump your debt. (Diamond like the gemstone, an upside down triangle or funnel shape).

It pays your most expensive debt off first, saving you thousands in interest.

It allows your credit score to be repaired and rise the fastest.

Recently I saw an article that 42 million Americans believe that carrying a balance will improve their credit score.

That is not correct!

The article is here: https://www.knoxnews.com/story/money/personalfinance/2018/07/02/credit-rating-mistake-carry-balance-improve-fico-credit-score/745406002/

In this podcast, I share with you the 5 parts to a credit score, what each one means and how to improve your credit score.

I also share why the Debt Diamond method is the best way to pay off your debt and fastest way to improve your credit score.

All 430 Be Wealthy & Smart podcasts can be found at http://lindapjones.com/podcasts

Please review and subscribe to the podcast.

Learn the 7 ways to keep all of the sudden wealth you encounter.

Seventy (70%) of people who inherit money have $0 left within 5 years.

There's one reason why that happens!

Learn what to do so that your money is replenished and never runs out.

See all 400 podcasts at http://lindapjones.com/podcasts.

Please leave a review!

Learn ways to avoid paying ATM fees to access your own money.

Banks earn $1 billion annually on ATM fees.

I have eliminated ATM fees completely and suggest you do too.

Here are 6 ways to easily avoid paying ATM fees.

Learn 8 things that rich people believe and how it can help your wealth building.

The article is here: http://www.cnbc.com/2016/10/11/8-ways-rich-people-view-the-world-differently-than-the-average-person.html

Learn why it's important to have more cash available and what to do with it.

Step 2 of the “6 Steps to Wealth” is Save a Nestegg.

I’m talking about having cash available.

You should become a good saver because:

1. It is a good financial habit. You are less likely to have financial trouble if you are good at saving.

2. You have an emergency fund available. Should anything happen that was unexpected, you have cash available to pay for it and won’t have to use credit cards with high interest rates.

3. It gives you options. If you save a lot of money you can choose to invest and grow it such as in an IRA or pay cash for a car or put a healthy downpayment on a home. You need capital to invest.

(Almost 40% of people put less than 10% down on a home purchase. That means you have PMI payments until you reach a 20% down payment).

4. There is an opportunity cost to your money. Warren Buffett has said he doesn’t want a mansion because he realizes how much more his money will grow (compound) to when it is invested instead of sitting in home equity.

5. You can pay cash for travel and take advantage of good deals, such as discounted assets at auction or fire sales of others who are desperate for cash.

If you want to take a cruise or go to Hawaii, save enough money first! You don’t want to pay for a vacation with money you don’t have, then have interest on your credit cards to pay it back. If you make a late payment on a certain credit card for example, your interest rate can be 29%!

Of course, you want to be a long-term saver for retirement, education and larger expenses like a new roof.

Get in the habit of saving FIRST, then spending.

Reverse the habit many have of spending money you don’t have, only to have to pay it back with high interest and be drowning in debt.

Please subscribe and leave me a review on iTunes or Stitcher Radio.

Connect with me on social media at Twitter and IG @Lindapjones and Facebook @lindapjonesfanpage.

Discover why there is an economic slowdown happening in April.

WANT TO INVEST IN STOCKS PRE-IPO?

#Ad Invest in the same private companies like some billionaires. If you are an Accredited Investor (must have $1 million of net worth excluding your primary residence or $200k income or $300k joint income, or be a registered representative), you qualify to invest in over 50 private companies. Minimum investment is $2,500. Sign up to receive a $500 credit toward your investment from Linqto, here:  https://www.linqto.com/signup?r=e9tdhbl49v

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

-Asset allocation model with ticker symbols and % to invest

-Monthly investing webinars with Linda

-Private Facebook group with daily insights

-Weekly stock market commentary email

-Lifetime access

-US and foreign investors, no minimum $ amount required

Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50". More information is here.  If you would like a complimentary consultation with Linda to answer your questions about the VIP Experience, set an appointment here. 

PLEASE REVIEW THE PODCAST ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK

Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus

PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

SPECIAL DEALS

#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here: https://ref.nordvpn.com/PjngPVgYXBs

#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here: Https://tangem.com/en/?promocode=767FCF

#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

Learn if you are pre-disposed to wealth or if it is a matter of habits and choices.

Do you know that wealth is a choice?

Learn the 6 Steps to Wealth and how to go from $0 to wealthy.

It's not about how much you make or how much you don't spend.

For example:

Person A: Makes $40,000 per year. Over their working lifetime of 30 years, they will earn $1.2 million.

How much of that money will they keep?

The average savings rate in America is currently 2.8%...

...And 2.8% of a $40,000 annual income is $1120 per year saved; a total of $33,600 saved over 30 years.

Person B: Makes $40,000 per year. Invests $5500 per year (maximum under age 50) in an Individual Retirement Account (IRA) and averages 10% in the stock market for 30 years.

They retire in 30 years with $1,091,160.

In 30 years, Person A will have $33,600 and Person B will have $1,091,160.

Which one are you?

Connect with me on Instagram.com/LindaPJones for a daily wealth tip. 

Learn what characterizes the late stage of an economic cycle, how it can indicate what's coming in the stock market, and where to invest.

Please subscribe and review the podcast!

Learn answers to questions from listeners.

Be sure to subscribe and leave a review!

Learn what sector funds are performing the best year-to-date.

See performance chart posted on my website at www.lindapjones.com.

Subscribe to Be Wealthy & Smart and leave a review!

Learn why “money is like a newborn baby. You have to prepare for it and learn about it BEFORE it arrives.

Learn what habits are supposed to make you a millionaire and which ones really will.

Recently I came across an article on habits to become a millionaire. The only problem was, it was so ridiculous it made me laugh!

Here are some of the points they said could make you a millionaire:

If you make your bed, you're 206% more likely to become a millionaire.

Seriously. Make your bed?

Hmmm.

What else did it say?

Well, it didn't recommend any specific financial things to do, but a list of seemingly random things like:

*Smile at your neighbors
*Wake up early
*Read books (but not necessarily financial ones)
*Make a to-do list
*Work hard
*Don't gossip
*Talk less
*Listen more

Seriously! This was the list!

This is supposed to be great information to help you become a millionaire? 

I don't think so.

Financial information should help you get ahead, be specific and actionable. 

Financial literacy is lacking, this is a good example why.

Becoming a millionaire isn’t random acts, it’s specific steps.

That’s why I coined the “6 Steps to Wealth”. It’s the step-by-step description.

1. Create a Wealthy Mindset
2. Save a Nestegg
3. Find a Mentor/Knowledge
4. Invest in a Money Engine
5. Compound at a High Rate
6. Protect Your Wealth

Hit the subscribe button for instant notice of new podcasts!

Learn the pros and cons of airline credit cards and if they are right for you.

Here is the article: https://www.cnbc.com/2018/06/01/before-signing-up-for-an-airline-credit-card-weigh-the-benefits-against-the-cost.html

Be sure to subscribe to Be Wealthy & Smart!

Learn why mail fishing crime is on the rise and how to protect your money.

According to the NYPD, mail fishing is on the rise and you may not be familiar with how it is happening.

This is from an article on CNBC.com: https://www.cnbc.com/2018/05/25/as-computers-get-harder-to-crack-thieves-are-pillaging-mailboxes.html

Please subscribe to Be Wealthy & Smart and leave a review!

Learn 3 ways millionaires think differently and how you can apply it to create your wealthy mindset.

Be sure to subscribe to the podcast!

Learn how a divorcee spent her $2.5 billion settlement and what mistakes to avoid.

Discover why last week was the worst week for the S & P 500 in 12 months.

WANT TO INVEST IN STOCKS PRE-IPO?

#Ad Invest in the same private companies like some billionaires. If you are an Accredited Investor (must have $1 million of net worth excluding your primary residence or $200k income or $300k joint income, or be a registered representative), you qualify to invest in over 50 private companies. Minimum investment is $2,500. Sign up to receive a $500 credit toward your investment from Linqto, here:  https://www.linqto.com/signup?r=e9tdhbl49v

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

-Asset allocation model with ticker symbols and % to invest

-Monthly investing webinars with Linda

-Private Facebook group with daily insights

-Weekly stock market commentary email

-Lifetime access

-US and foreign investors, no minimum $ amount required

Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50". More information is here.  If you would like a complimentary consultation with Linda to answer your questions about the VIP Experience, set an appointment here. 

PLEASE REVIEW THE PODCAST ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK

Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus

PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

SPECIAL DEALS

#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here: https://ref.nordvpn.com/PjngPVgYXBs

#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here: Https://tangem.com/en/?promocode=767FCF

#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

Learn how to avoid common financial scams.

Recently I got an email offer to buy a domaine name for $55,000. It was from a Japanese business who said they had a healthy budget to spend and what price did I want?

A second email specified how the transaction would take place and mentioned a German escrow account. They mentioned a 5% commission paid for by both parties. They wanted me to pay to them (5% of $55k = $2,750). I don't think so! What a scam.

I also heard a scam involving German escrow accounts was going around.

I saw there were more scams happening that I wanted to warn you about. There’s a common one with real estate.

I have an article to share with you about it:

https://www.cnbc.com/2017/10/19/scammers-are-conning-home-buyers-out-of-their-down-payment.html

Hit the subscribe button for instant notice of new podcasts!

Learn the magic dollar amount of income it takes to be happy.

According to a survey, find out how much money it takes to be happy.

The article is here: https://www.cnbc.com/2018/05/16/money-can-actually-buy-some-happiness-but-how-much.html

Please subscribe and leave a review!

Learn why wealth is within your reach, using my Wealth Building Formula, and why it is NOT about luck.

This is the study I disagree with: https://www.pbs.org/newshour/economy/making-sense/analysis-if-youre-rich-youre-more-lucky-than-smart-and-theres-math-to-prove-it

Please subscribe to Be Wealthy & Smart and leave a review!

Learn the most common financial regrets of Americans and how to avoid them.

I also share my thoughts about the Be Wealthy & Smart podcast over the last 4 years and latest podcast reviews.

Learn how to plan your life like a billionaire.

I love talking about the importance of mindset in wealth building.

We haven’t visited mindset for a long-time, so I thought we would today.

Recently I was reading about Amazon founder, Jeff Bezos.

He was a successful investment banker who quit his job. Left in the middle of the year and left his big bonus.

Jeff talked to his boss about it, who said great idea, but better for someone else who does this stuff not you!

Think long-term for your life decisions.

He calls it “Regret Minimization Framework”.

Project your life forward to age 80. Look back on your life.

Minimize the regrets in your life.

Look back on your life.

He wouldn’t regret trying to participate in the internet.

Wouldn’t regret failure.

The one thing he would regret is not having tried. That would haunt him every day.

Gets you away from the daily pieces of confusion, like leaving his bonus.

Think long-term to make good life decisions you won’t regret later.

Learn which mutual funds are significantly outperforming the S & P 500 on a 5 year basis.

The charts are posted in the Podcast section on www.lindapjones.com.

Learn how to make decisions with real estate, overcome real estate regrets and stop feeling anxious about buying or selling.

There are a lot of people stressing about real estate right now. Should they buy? Should they sell? Should they invest?

With real estate at all time highs in many cities, it’s causing stressful decisions to be made.

I’m not talking about affordability. Obviously, if you can’t afford it, don’t stretch yourself beyond your means.

I was talking with someone who was stressing about money. In this case, not because they had too little.

She couldn’t decide the right time to sell her house and lock in gains. They weren’t ready to sell it, but were afraid the real estate market would crash.

People with a little or a lot of money get stressed. No one is immune!

Everyone wants to make the right financial decisions.

For some it’s taking the right job, deciding to start a business, having enough money to survive or maybe how not to lose their money.

There is a lot of anxiety around real estate right now.

Should you buy a fixer upper or not? It’s a major investment.

Should you downsize and move to another home?

In this case, the woman was worrying about when to sell her house and maximize her gains.

Living life is more important than selling at the absolute top of the market.

She was feeling torn between trying to make the right financial decision and making the right life decision.

Life has to win out!

You can’t run your life putting money first or you will be miserable.

Your happiness matters.

I recently met another woman who sold her house in Canada. She sold it for $600k and it went on to be worth over $1 million.

The next time I saw her she was trying to buy back into the Canadian market at a higher price.

She had a lot of regret about selling her home too early and it was making her want to capture the gains of the past, but that is impossible.

She was making herself sick because of the gains she missed out on making.

You make the best choices you can. Fear is not a good reason to make a financial decision. At first she was afraid of loss, now she’s afraid of missing out or FOMO.

Either way, her fearful thinking is not serving her. Where was the right place for them to live? What city did they want to retire in? They sold and moved away for a reason, did that change due to home prices rising?

What can you do to avoid real estate regret?

Here are 5 tips to help you avoid financial regrets:

1. Live in the present moment. Don’t stress about the future or the past. You can’t change the past. In the future, your circumstances available to make decisions will change, so how can you make the decision today when you don’t have all the information? Living in the present moment will help you stay out of fear.

2. Put your health and happiness first. What is going to be the best decision for your families’ health and happiness?

3. Money is a tool for you to use, don’t let money use you. Don’t put money before health, happiness, etc. When you’re in a job that makes you miserable, you won’t be as successful as if you love what you do. Try to connect with your happiness and purpose.

4. Try not to stress about future decisions. Realize that when the time is right, you will make the right decision. You will have more information to make the right decision. Trust.

5. Create a plan. Life is dynamic and things change constantly. There is no way to control it. You can’t freeze real estate prices until you are ready to move. Accept it. Make the best decisions you can and go with the flow. If you make a bad decision, try to move forward and plan for the long term. Short-term thinking can get you in trouble. Long-term thinking is having a plan and working your plan.

Learn how affirmations worked for a Be Wealthy & Smart podcast listener. Her affirmations helped her pay off three debts, keep off weight, get a promotion, and more!

Saying affirmations, and inserting true statements in between each affirmation, is a unique way to make them more effective. Learn how affirmations helped Maria get great results and why you can too.

Learn the 3 things you shouldn’t change to get rich and stay rich according to Thomas J. Stanley, author of The Millionaire Next Door.

I just talked about 2 of the 3 things on podcast #290. If you haven’t listened to it, I go into depth about why people are watching the small expenditures and missing the huge ones that keep you from achieving financial independence.

Learn 5 things to do before purchasing a home, why the debt snowball is not the method to use to improve credit quickly, and how to find a loan officer.

Before you do anything, first check your credit report and raise your credit score. Go to www.Annualcreditreport.comand get your FREE credit report once annually. Pay off any credit cards using my system and NOT the Debt Snowball. My version will improve your credit WHILE you are paying off debt. The Debt Snowball delays improving your credit until it’s mostly paid off.

This is because the Debt Snowball leaves the largest balances to be paid last, while credit is improved when you take maxed-out balances and reduce them to half.

Therefore, you must reduce your largest balances first, not your smallest in order to simultaneously improve your credit.

Listen to my podcasts on how to pay off debt quickly while improving your credit and paying off debt (debt re-do).

Here are your action steps:

1) Perfect your credit as much as possible. It’s necessary to begin asap.
2) Save for the maximum down payment.
3) Find a loan officer and educate yourself.
4) Get pre-qualified.
5) Be aware with interest rates about to rise, this may be near the top of the market, so don’t get into a bidding war and don’t overpay. Patience may be your friend here.

Of course, if you are selling your existing home to buy a new home, you’ll want to listen to my podcast on how to sell your home for top dollar.

Discover why stable coins are becoming "real money".

WANT TO INVEST IN STOCK PRE-IPO?

#Ad Accredited Investors (to qualify, must have $1 million of net worth excluding your primary residence or $200k income or $300k joint income, or be a registered representative) sign up to receive a $500 credit toward your private equity (pre-IPO) investment from Linqto, here:  https://www.linqto.com/signup?r=e9tdhbl49v

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.

Your compounding rate, and how well you invest, matters! 

INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE?

-Asset allocation model with ticker symbols and % to invest

-Monthly investing webinars with Linda

-Private Facebook group with daily insights

-Weekly stock market commentary email

-Lifetime access

-US and foreign investors, no minimum $ amount required

Extending the special offer, enjoy a 50% savings on the VIP Experience by using promo code "SAVE50". More information is here.  If you would like a complimentary consultation with Linda to answer your questions about the VIP Experience, set an appointment here. 

PLEASE REVIEW THE PODCAST ON ITUNES

If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it!

SUBSCRIBE TO BE WEALTHY & SMART

Click Here to Subscribe Via iTunes

Click Here to Subscribe Via Stitcher on an Android Device

Click Here to Subscribe Via RSS Feed

PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK

Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies".

After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus

PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK

Leave a book review on Amazon here.

Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!”

Men love it too! After all, you are Wealth Heirs. :)

Available for purchase on Amazon.

International buyers (if you live outside of the US) get my book here.

WANT MORE FROM LINDA?

Check out her programs.

Join her on Instagram.

WEALTH LIBRARY OF PODCASTS

Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics.

SPECIAL DEALS

#Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here: https://ref.nordvpn.com/PjngPVgYXBs

#Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here: Https://tangem.com/en/?promocode=767FCF

#Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here.

Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

(Some links are affiliate links. There is no additional cost to you.)

Learn why new cars can be a deterrent to your wealth and what opportunity cost means.

Maybe you like cars or you just want a new car.

Perhaps you want to buy a new car because it’s for safety (too many miles), or status (need it for your job/image), or change of objective (had a child), etc.

Whatever your reasons for a new car, re-think it because cars are one of the largest deterrents to your wealth.

Take a doctor who grosses $1 million a year, but has virtually no wealth accumulated.

How does that happen?

Moves from house to house. Buys a new car every 3 years.

I’ve talked about the cost of moving - commissions, loan fees, remodeling to sell, remodeling after purchase, etc.

Buying homes and cars too frequently can be deterrents to your wealth.

For now, let’s just focus on the car.

He HAD to have a new BMW 650i. MSRP is $99,000.

Let’s look at the true cost over time, which is what would the money be worth if you had invested it?

We call that Opportunity Cost.

What is the depreciation on the car?

According to edmunds.com, depreciation on a BMW 650i is:

1. $10,168
2. $5,837
3. $4,987
4. $4,249
5. $3,627

Total in 5 years = $28,868

Mind you, this is happening every 5 years and total depreciation is $29,000. Let’s call it an even $30,000 for ease of math.

Over 5 years it’s $30,000 in depreciation.

Let’s take the $6,000 depreciation, which he is getting nothing for, and see what it would amount to in 20 years after being invested in the stock market.

On average, the stock market over the long term will compound at about 10% per year.

We’ll take $6000 per year, invested at 10% for 20 years.

Remember, this is money that is the depreciation on his car, not money he will ever see go through his fingers. It’s lost forever, like making a bad investment every 5 years and your investment is worth less.

What is the opportunity cost if he had invested the $6,000 per year instead?

Guess.

So $6,000 x 10% x 20 years = $418,380. Can you believe it?

Do you see why cars are one of the largest deterrents to your wealth?

According to Kelley Blue Book, average price of a car was $36,270 in January 2018. New-car prices have increased by $1,360 (up 3.9 percent) from January 2017.

Looking at edmunds.com, if you bought a car for $29,873, the minute you drive it off the lot, you’ve lost $2,559!

By the end of year 1 you’ve lost $5,687, year 2 another $3,607, year 3 another $3,173, year 4 another $2,813 and by year 5 another $2,524.

Guess what the total depreciation is over 5 years? $17,804 or a 60% loss!

According to edmunds.co, a new car loses 11% the minute you leave the lot, during the first 5 years loses 15% to 25% each year. After 5 years the car is worth 37% of what you paid for it at the dealership.

Let’s say you invested the $17,804 or $3,560 per year.

Invested for 20 years at 10% is $248,238.

Invested for 30 years at 10% is $706,278.

Remember, you’re not shelling out cash, this is money slipping through your fingers!

These are the kinds of things that make a difference to your wealth. It’s the choices you make. Does that make sense?

Hopefully you agree that new cars are not helping your wealth. What can you do?

Here’s 5 things for you to do:

Buy gently used cars in mint condition with low miles. That way a lot of the depreciation is already gone.

2. Don’t buy new cars until you have achieved your financial goals. Until then, it’s not a good investment and the opportunity cost is too high.

3. Buy buy cars that are too expensive. Put a limit on how much you spend.

4. Listen to Be Wealthy & Smart podcast #10 about cars that last for 250,000 miles.

5. Beware of cars that are coming from the Houston flood! There are thousands of damaged cars from Houston that will hit the auction blocks. Most used cars will be fine. Make sure your dealer didn’t buy the car at an auction. It’s better to know who the previous owner was and where they lived. Do your due diligence before you buy.

Learn how some people got wealthier faster and the reasons why.

This is an article in Investor’s Business Daily from April 30, 2018 by Paul Katzeff.