let’s face it all people’s bought two cents and all people’s bought two minutes so here is my two cents in beneath two minutes hey grant cardone right here New York Occasions bestselling Arthur and also you’re primary gross sales knowledgeable on Twitter I am coming to you at present to speak about work you recognize this idea of labor that the rich do not work exhausting I hear this continually you recognize wealthy individuals do not work exhausting you recognize wealthy individuals wealthy individuals work sensible that you just bought to be kidding proper wealthy individuals take all of the holidays it is not true wealthy individuals do not take all the holiday the holiday business the holiday business actually is constructed off the middle-class not the rich now you won’t like this idea however I’ll inform you the reality there is a report that only recently got here out okay one of the crucial controversial points surrounding inequality is figure effort it is a idea of why do the wealthy get richer and people individuals that do not have or haven’t got sufficient hold sliding down the dimensions and that is what I do in these gran trances I am speaking to the center class about look do you see it disappearing it is going away okay the center class is getting erased I got here from the center class and I see what’s taking place to it what we used 20 or 30 years in the past or 40 years in the past to construct a center class will not be working for us at present as an illustration work exhausting okay you see there’s this idea that no you needn’t work exhausting you simply have to work sensible should you work sensible get the proper connections you may get wealthy that is not true that is what it says on this on this article I discovered this within the wealth report do the rich work tougher than the remaining you would possibly wish to google it a brand new research provides proof that increased schooling and due to this fact increased incomes okay People do certainly spend extra time working and fewer time on leisure than poor earnings teams okay it has been validated on this research it says the truth is whereas incoming kuan equality inequality could also be rising which it’s leisure inequality time spent on enjoyment okay time spent on enjoyment is a rising in a mirror picture what’s that saying individuals which might be really making much less cash and fewer wealth are literally spending extra time in leisure why as a result of a miss you have been taught a delusion you have been taught this idea of take pleasure in why my life you recognize I bought take pleasure in my life I have to benefit from the day the rich do not assume like that I am telling you essentially the most profitable individuals do not take into consideration having fun with life I bought take pleasure in they consider luxurious man they consider the Large Bang they consider the massive massive win not the little two-day trip what they do is that they’ll endure their complete life to allow them to go go on trip later when there’s wealth for 2 and three months at a time you get it work exhausting okay work exhausting it’s a delusion that you just’re not going to work exhausting I am working tougher at present than I ever have in my life most individuals solely work exhausting sufficient that they are at all times working you get it most individuals solely work so exhausting that they really feel like they’re at all times slaves bear in mind this anytime you’re feeling like a slave you have let any individual else be your grasp you recognize what I am speaking about junk individuals purchase junk individuals go on holidays individuals waste time and so they haven’t any cash do not let that be you
[Music] and I’ll tell you what that isn’t just and why I actually have it on excellent gets the title kind of gets noise so we’ll go ahead and do it I was in Hawaii this past summer I was living there on working on a farm doing a work exchange program and I go into a lot of stores that were geared towards throw tourists and they they just have boatloads and boatloads of tanning oils and and lotions with the fancy hula girls on them and yada yada yada so out of curiosity I just picked one of these up to see what see what all the hype was about I guess and I looked on the back and there was only a few ingredients and a lot of them one of them that was that was consistent throughout all of them was coconut oil so I started to put two and two together and think there was there was something to this so actually that’s a bunch of the locals there and they said oh yeah yeah yeah it’s great it’s great with tanning and stuff so I picked them up and I’ve been using it ever since and I not to be like I’m super super dark or anything but like I got some color on me I’d like to think so I mean I’m not gonna pull well yeah I would if I could control I said show you my legs and that would just be like like Casper the fricking ghost out here but it works and that’s the thing it’s it’s it’s good for you to multiple benefits of coconut oil I’ve heard me talk about you know I’m like the huge fan of coconut oil it’s ridiculous I mean like I got my tub here and I got my my glass of coconut water right here mmm what’s the good stuff anyway you know it’s good great for your hair skin and for canning too actually cooking but well I guess that is tanning so if you want to cook you put some coconut oil on you lay out in the Sun it’s really good it acts as a as a kind of all-in-one it’s it’s weird how it reacts cuz the saturated fats in it got all ochem on you the saturated fats in it are really good for your skin and absorbed easily and it’ll protect you from the UV rays of the Sun especially since they’re so bad now because of our environment and so strong so you definitely need that it’s soaks in yeah that’s a little technical term for it but it like soaks in your suntan so it’s great for tanning give it a shot the kind that I am using right now I use all kinds guys kind of whatever’s there normally comes in a glass excuse me container make sure it’s organic and cold press those are the two things I recommend the normally be from like an Asian country I’ve seen a fever [Music] that it I think that’s it coconut oil let me know what to pick [Music]
This is Jeff Rose from goodfinancialcents.com.
I’m here to share with you the best places
that you can open up a Roth IRA account today.
Hopefully, you know I love the Roth IRA. You’ve
seen the Roth IRA movement. You’ve seen me
bust out my Roth IRA movement skills and you’re
excited. You want to start a Roth IRA, but
you’re just scared because you don’t know
where to go. On my blog I have a post that
summarizes the best places that you can open
a Roth IRA account, but today I want to share
two of my more popular options that will hopefully
give you some encouragement to give you some
hope that you can go out and open a Roth IRA
Before I share with you the two places I really
love where we can open up a Roth IRA, I want
to give you first why I have chosen these.
When you are looking to open a Roth IRA, the
two things that are very important are that
you want to find a place that is going to
charge you low fees because you don’t want
to be ripped off and paying extra fees that
are going to eat away at your returns, and
the second thing that you want is good, solid,
customer service. If you have a question or
need you want to be able to call that entity
or person and ask them how you can help with
your investment situation.
There are plenty of options to open Roth IRAs
online. You’ve got Scottrade, eTrade, Schwab,
ShareBuilder, OptionsXpress, TradeMONSTER.
There are tons of them out there. The one
I want to share with you today is Scottrade.
Scottrade is based out of St. Louis. That
is where their home office is at, which is
about 90 miles from my house, and I am just
partial to them. I called them because I was
curious how it works.
I have been in the investment game for 10
years now and I wasn’t really familiar with
all the online options. I called them and
was really impressed that they have over 3,000
mutual funds that have no fees. They have
several ETFs that you can buy with no fees,
and they have a toll-free number that you
can call at anytime and they will help you
I actually opened an account with Scottrade,
which I show you in another video. I actually
walk you through the process. I funded my
account. The next day I got a call from the
local branch manager asking if I needed help
maneuvering through the Scottrade account,
how to make my first trade. For an online
option, it was amazing that I got a phone
call from a real person that is actually within
driving distance that is willing to help me
out. They are always there for me and always
there for you if you open an account. That
is one reason why I love Scottrade. Not only
are they low in fees, but you have the ability
to actually walk into a brick and mortar location
and talk to them at no cost or you can call
the toll-free number and they will help you
out at any time.
The second option I want to mention is a newer
company. It’s a newer start up, but I really
love what they are doing especially for the
new investor. This company is called Betterment.
Betterment has been around for a couple of
years now. I was able to meet the CEO at the
financial blogger conference last year. What
really impresses me with them is that they’ve
really lowered their fees. They do have a
start-up investment where you have to have
at least $10,000 to have a very low cost,
but if you have less than $10,000 then you’re
only going to pay $3 a month to have an account.
Three bucks a month, $36 a year is all it
cost, and they will buy an ETF portfolio for
you and manage it on your behalf. You just
tell them how aggressive or conservative you
are and they will make the changes accordingly.
It really takes you out of the driver’s seat
and puts all the emphasis on them to make
the investment decisions for you and you can
sit back, fund the account on a monthly basis
and know that your money is growing and you
don’t have to worry about it.
The only thing about Betterment that I don’t
like is if you want to buy individual stocks,
if you want to have more control in your investments,
then that wouldn’t be the option for you.
If you do like sitting in the back seat and
let Betterment sit in the driver’s seat, then
that is a solid option with very low fees.
Those are just two of the options of where
you can open up a Roth IRA account online.
Obviously, there are tons out there. Check
out the blog post that summarizes the other
options that you can look at. If you have
any questions regarding where to open a Roth
IRA, how to open a Roth IRA, if the Roth IRA
make sense to you, go to the blog goodfinancialcents.com
and send me a question. Hit me up on Twitter
or ask me on Facebook, I’ll be glad to help
you out anytime. This is Jeff Rose. Take care.
The opinions voiced in this material are for
general information only and are not intended
to provide specific advice or recommendations
for any individual. To determine which investment(s)
may be appropriate for you, consult your financial
advisor prior to investing.
hey this is jeff rose from goodfinancialcents.com and today i want to show you how easy it is to open up an account with Scottrade fund it with your own money and the maneuver of their online interface it’s so easy I want to show you how easy it is in the step-by-step tutorial that will take you less than 10 minutes and get you started saving for your financial future let’s take a look okay so here we are inside Scottrade and I just want to show you three quick things that you’ll want to do once you get your account set up so at this point in time you’ve given your information you’ve signed the and returned the signature page and now you need to fund your account and then you also need to make some investments so the first thing real quick to show you how to fund your account so once you log in all you need to look for is this little link right here that says fund your account and click that and you can either make a deposit using their money direct program or you can obviously transfer an account into there you can oppose you can deposit a check at a local brokerage we actually can walk in deposit your check so you can see there’s many many different options now the one that I did was transfer funds from money from external bank account which is this one here and the one thing that I ran into and this is like I said was more my issue than actual Scott trades was getting my bank account set up I just had issues with my password and such but it should have worked out the way I had to do it was I had to have Scottrade make two small penny penny deposits to my account to verify that was my account once I had that in there we were all good to go took me I think like three days to get that verified and and I had my $500 really simple and once again if you have any issues it’s easy to call Scott tre call the toll-free number and they’ll walk you through it no charge that’s just part of the service so now the main thing I want to show you is for you novice investors that want to get started you want to start investing you want to start investing into mutual funds or maybe ETF’s how do you choose a good one and this was the part that was the most frustrating for me because I wanted to just walk you guys through the process to show you how simple it is and keeping in mind that there are tens of thousands of different mutual funds that exist in the world today makes it really hard just to show you a couple different good funds or how to even screen for these good funds and in with Scottrade having access to over 14,500 individual mutual funds obviously that’s a pretty tall order to fill but I just want to show you one of their tools that they have they call it your screener that will show you how to more or less weed out the good ones versus the bad ones so at least we’ll give you somewhat of a head start so once you log in you will click on this upper tab here that says quotes and research and from there you’ll look over here and you’ll see the stocks the mutual funds the different types investments that you can select we’re going to select mutual funds and once you select mutual funds if you look over here you can create a mutual fund screener to find opportunities and this is basically their little treasure tool this is what this is what I really like about what you can do so if you click on that ok now that you have the mutual funds screen or open now we need to select the criteria to help us weed out a lot of the bad funds a lot of the funds that have loads or transaction costs and that is what this screener tool is there for so the first thing you want to do is click on this mutual fund basics and select a few boxes so you want to obviously choose ones that you can buy here at Scottrade you want to click the one says transaction fees and once that box is checked you’ll see these start to fill and you want to click this box here that says show funds with no transaction fees so boom now we’ve got 3115 funds that have no transaction fees ok we want to make sure that the fund is open to new investors so we only show funds obviously to want to do a search for funds and you like it now you can’t put money into it so click that and now we’re down to two thousand two hundred twenty three funds and obviously there are a lot of other ones here another one we want to do fund minimum investment might not pertain to you but if you don’t have a lot of money to get started we want to try the funds I have a minimum less than $2,500 to get started down to 1800 funds and I see one other one I would suggest to you is clicking on the morning star rating and then looking at the category rank over either be ten-year or five-year and let’s just use the tenure as an example so we click on that and then we can look at now this is morning star which is just a rating company that will analyze all the different mutual funds that exist and you can actually select okay I want the mutual funds in a specific category that have been at the at the the top 25 percent consistently over the last ten years so that means you have a fund that has consistently been a good performer you know through the ups and downs of the of the stock market so it’s just a neat little tool I mean this doesn’t it’s not the magic pill by any means but it definitely weeds out a lot of the bad ones and if you just want to kind of compare it I would actually do a screen on a 10 year and also a 5 year and then just make note of which of the ones are constantly appearing in those and that’ll be the ones I would lean towards but we can do that another time so now that we’ve got some of this criteria and obviously there’s a lot more criteria that you can do I just want to be simplistic for this tutorial so once you have your screener you’re going to click on the view your matches so we’re going to look at 403 matches so now you’ll see all the funds that come up and then you see the category this is moderate allocations so more of a moderate conservative fund large value so you can see all the different types of funds that come up so let’s look at the large value let’s say that we want to vest in two large US stocks and we open this up here’s the one thing I wanted to show you that it will show you how much it is to get started and this is huge minimum right because some some of these funds that might be mm might be a thousand you know we did a criteria for 2500 but this one here it only takes you a hundred dollars to get started and a hundred dollars initial if you’re doing an IRA is two thousand dollars and then additional is a hundred bucks to get going so that way you can weed out a lot of the bad funds and then you can find out the initial to get started and once again as a reminder if if this is at all overwhelming to you you can call Scottrade and they will help you go through this criteria and help you find a good fun so don’t ever feel that you can’t call them to find out and if this say this is the fun that you want to buy all you gotta do is click this trade button and click that how much you want to get and you review your order and you’re good to go and that is how simple it is so that’s how you can weed out the mutual funds use their screener and find some good funds that are be suited for you and just real quick I’ll show you how you do it with ETFs another popular option same thing clicking on quotes and research gaudí extrange exchange-traded funds and essentially if you’re looking for the commission free ETFs all you got to do is click this link here commission free ETFs and that will take you to the 15 matches that they have that you can buy 15 different ETFs tracking some sort of index and you could buy those it’s called their focus Morningstar series and you can buy these and you have ETFs at no cost to you and that’s just one of the perks of using con trade so I hope this was helpful if you had any more questions you could always ask me or I would actually encourage you after you open your account with Scottrade to call them that’s what they’re there for and they will help you maneuver this awesome system that they have so I hope that tutorial was helpful and how to open an account with Scottrade you have any more question please feel free to hit me up either on the blog on my Facebook fan page or even on Twitter this is jeff rose goodfinancialcents.com take care
That is Jeff Rose, goodfinancialcents.com.
At present I need to reply the query, ought to
you roll your pension over into an IRA. If
you have been working for an organization for a quantity
of years, most certainly you have collected perhaps
a pension. Some pensions provide you with one among two
choices; you’ll be able to both take the annuity the place
they’re going to pay you and your partner
a lifetime cost over the course of each
of your lives, or you are able to do a lump sum roll
over and take a money worth and roll that over
into your individual private IRA. It is an important
determination to make as a result of that is most certainly
the biggest chunk of cash you have ever had
in your whole life to decide on.
Let’s be sure you select correctly.
With lots of the pensions I see these days,
it does not make as a lot sense to maintain it there
with the corporate. For one, you are all the time tied
to that firm and in the event that they file for chapter
or there are another issues of their
financials it is only a huge headache you do not
need to mess with.
I’ve seen some circumstances although, the place it did
make sense. Let me provide you with one instance. I
had a person that was supplied $180,000
up entrance if he have been to retire early. On the
time it was a really enticing provide, and it
was some huge cash in his state of affairs, however when
you checked out his lifetime profit, he was
supplied round $5,000 a month for the remainder
of his life. He was in his mid 50s so $5,000
a month for the remainder of his life was rather a lot
of cash, and it far outweighs the $180,000
that he was supplied. In that particular case
it made way more sense to take the annuity
possibility versus rolling that over.
When does it make sense to roll it over to
an IRA? Usually, what I’ve seen is that
as soon as you are taking management of that cash -you’re
taking your lump sum and you’ve got full discretion
on what to do with these assets- now you can
make investments the way you need to. You are not topic
to what the corporate decides. You are not topic
to their financials and what might occur with
them. You might be in full management.
The opposite draw back with the pensions is that
sometimes the way it works is you get the total
profit and after you cross away your partner
will get half. After your partner passes you are
accomplished. If there may be something left over it goes
again to the insurance coverage firm or the pension
fund and your loved ones is left with nothing.
When you roll that over into an IRA, after
you and your partner cross away if there may be
any cash left over it now goes to your youngsters
or any charities that you simply so need. Having
that management the place you get to resolve what
to do with the cash, and much more importantly
after you cross on, it may well keep inside your
household or not less than you’ve management of the place
that cash goes and it brings a lot worth
than simply leaving it with the pension fund.
You probably have any extra questions the place
to search out me, goodfinancialcents.com Should you’re
on Fb please be sure you try our
fan web page and provides us the large like.
The opinions voiced on this materials are for
normal info solely and should not meant
to supply particular recommendation or suggestions
for any particular person. To find out which funding(s)
could also be acceptable for you, seek the advice of your monetary
advisor previous to investing.
hey that is jeff rose from good monetary cents and soldier of finance comm at this time i’ll speak concerning the hazard of evaluating your self to others right here not too long ago i competed in what was known as the crossfit open sectionals crossfitters exercise applications i have been doing ever since i used to be night time rack and I like doing crossfit it is in my blood and the way this open sectionals exercise works is that individuals from throughout the nation are all competing so we’re all doing the very same exercise there’s one exercise for 5 weeks in a row and all of us do the very same exercise similar manner similar reps in every week you possibly can’t evaluate to see the way you do with all the opposite guys all the opposite athletes within the nation and that is the second yr that I’ve achieved it and I used to be simply blown away at how aggressive it’s how athletic a few of these guys are I imply these guys are simply freaks of nature I imply they’re simply lifting some heavyweight doing a little loopy reps I imply reps like pull ups and burpees and deadlifts and energy cleans and simply all these completely different workout routines and it was actually powerful at first as a result of I am actually giving all the pieces I’ve obtained in these exercises and but I am not even near the highest I imply properly I am not saying I am not even shut I am speaking I am not like within the high fifty p.c of all these guys throughout the nation that has been doing crossfit for over 5 virtually six years it is irritating that white why am I not up there and it was only a actually powerful tablet to swallow however I simply understand that what Jeff like I am doing all the pieces that I can I am doing my hardest after I get achieved with a CrossFit exercise I’m at all times laying on the ground gasping for air sweat is simply working off me profusely and I do know that I given all that I’ve obtained and I’ve come to comprehend that I am not going to be the fittest man on the planet and I am okay with that I take into consideration how harmful that could possibly be if I began actually evaluating myself to all these different guys after which attempting to compromise Who I’m and simply to attempt to be a greater athlete you are achieved that your monetary life the place you have a look at your pals and what they drive or the place they dwell or what they put on and also you begin evaluating your self to them and also you begin feeling inferior you’re feeling much less of an individual since you’re not driving the identical sort of automotive as a result of you possibly can’t out to eat as a lot as they do as a result of you possibly can’t purchase the identical toys and all the identical garments that they will for his or her kids it is very harmful if you begin doing that so when you begin evaluating your self to different folks it’s a must to understand have a look at your personal state of affairs have a look at what’s in entrance of you and what you possibly can management you possibly can’t compromise who you’re as an individual as a result of when you compromise your self you are going to compromise your loved ones so simply because your pals are shopping for the most costly garments for his or her children it’s a must to ask your self do my children really want the most costly garments and the opposite factor you may want ask your self can your pals actually afford it or is all a entrance all they put it on bank cards if they will actually afford it as a result of they have good paying jobs or perhaps that they had an inheritance or dad and mom or grandparents which might be taking good care of them you possibly can’t evaluate your self to that it’s a must to settle for what’s your life and if you wish to make adjustments that make adjustments however do not make adjustments by going out and shopping for crap simply to impress different folks is so harmful if you begin happening that path so when you get at that time the place you begin evaluating your self to different folks if you begin feeling inferior take a step again ask your self do I really want these issues does that basically make me a greater individual is that gonna make me that a lot financially higher off as a result of I am driving this or I am dwelling there or I am sporting that or rapidly discover out that the reply isn’t any that is jeff rose from good monetary sense the soldier finance comm take care