Main St. Finance is here to take personal finance and Wall Street investing and break it down to its basics so that all people can achieve an advanced understanding of the American financial system. You can then use that knowledge to better take control of your finances to manage budgeting, taxes, investments, retirement, and more.
Episodes
Tuesday Nov 17, 2020
Tuesday Nov 17, 2020
Today I bring you an interview with none other than The Millennial Money Woman. Fiona is a professional in the personal finance field who also blogs and writes articles on her website The Millennial Money Woman. I speak with her and we have an excellent conversation about the state of financial education, what Dollar Cost Averaging (DCA) is, and about the basic steps required for you to be able to retire early.
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Links to Resources and websites mentioned in the show:
Paper Trading Links (Stock Buying Simulations):
www.howthemarketworks.com
MarketWatch Virtual Stock Exchange: www.marketwatch.com/game
Investopedia Stock Simulator: www.investopedia.com/simulator/
Wealthbase (Has a phone app): www.wealthbase.com
Brokers that offer Paper Trading with an account:
TD Ameritrade, ETrade, Webull, and TradeStation
Fiona's Links:
Book Mentioned: The Behavior Gap by Carl Richards (behaviorgap.com)
Website: themillennialmoneywoman.com
Twitter: @The_MMW (twitter.com/the_mmw)
Pinterest: www.pinterest.com/themillennialmoneywoman/
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Nov 10, 2020
Tuesday Nov 10, 2020
Today I speak with Harry N. Stout about life insurance! Harry retired from several decades of working in and leading some of America's largest names in insurance. He recently published his latest book called "Today's Life Insurance - A Protection Tool for Your Future", and is here today to give us a very broad introduction into what you need to consider when it comes to life insurance. We talk about what life insurance is, what the three main types of life insurance are, some of the differences between them, and several stories and examples on the importance of life insurance.
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Links to Resources and websites mentioned in the show:
Harry N. Stout's Links:
Website: Financialverse.com
Additional Resources: Financialverse.com/resources
Life Insurance Non-Profit: LifeHappens.org
Harry's Latest Book: Financialverse.com/purchase
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Nov 03, 2020
Tuesday Nov 03, 2020
This week, I talk to Andrew and Emily from the 1,000 Days to FI Podcast! Andrew is currently on active duty in the US military and Emily is a veteran of the US armed forces. They join me on the show to talk about their journey of building passive income while being commissioned in the armed forces. We then go on and answer audience submitted questions on military benefits!
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
This episode is dedicated to the men and women of the 2nd Battalion - 156th Infantry Regiment of the US Army.
Links to Resources and websites mentioned in the show:
Tricare enrollment information for National Guard and Reserve: https://tricare.mil/Plans/Eligibility/NGRMandFamilies/Activated
DOD Deposit Savings Program (SDP): https://militarypay.defense.gov/Benefits/Savings-Deposit-Program/
Navy Fleet & Family Website: https://www.cnic.navy.mil/ffr/family_readiness/fleet_and_family_support_program.html
Airforce Family Readiness Center: https://www.afpc.af.mil/Benefits-and-Entitlements/Airman-and-Family-Readiness/
Drew and Emily's Links:
Instagram: instagram.com/1000_DaysToFI/
Twitter: twitter.com/1000_DaysToFI
Podcast: https://open.spotify.com/show/3cfKMEpsj45xrO4XisvIjH
Website: 1000daystofi.com/
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Oct 27, 2020
Tuesday Oct 27, 2020
This week I sit down with Lindsey Johnson, who is the president of the US Mortgage Insurers USMI. We spend some time and do a deep dive on mortgage insurance for residential mortgages. Why would you need Mortgage insurance? Do you need a 20% down payment to buy a home? What are the differences between private and government mortgage insurance? What does it mean to be "Home Ready"? All of these questions and more are answered by our guest today!
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Links to Resources and websites mentioned in the show:
Lindsey's Links:
Us Mortgage Insurers: www.USMI.org
Lindsey's Linked In: www.linkedin.com/in/lindsey-johnson-455221a/
Calculators and resources website: www.lowdownpaymentfacts.com
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Oct 20, 2020
Tuesday Oct 20, 2020
This week, I talk to Tracey Bissett, a CFA charter-holder, a college professor, and the founder of Bissett Financial Fitness, Inc. Much like me, Tracey believes in teaching the fundamentals of money management. To do this, she started her own business to coach entrepreneurs and hosts the Young Money podcast where she talks about business and money. As a business owner herself, Tracey is a wonderful person to speak with on the topic of starting and running your business!
Tracey and I talk about the basics of entrepreneurship as well as some of the things to know before starting a business and things to keep you on track after starting your business.
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Links to Resources and websites mentioned in the show:
Find a Small Business Development Center: www.americassbdc.org/small-business-consulting-and-training/find-your-sbdc/
Business Bank of Canada: www.bdc.ca/en/pages/home.aspx
US Small Business Administration: www.SBA.gov
Business Ideas to teach your kids about money: www.sidehustlenation.com/best-business-ideas-for-kids/
Check your credit report for free: www.annualcreditreport.com
Tracey's Free Money Meeting Agenda: www.CashCoach.biz
Tracey's Links:
Bissett Financial Fitness: www.bissettfinancialfitness.com
Tracey's Linked-In: www.linkedin.com/in/traceybissett/?originalSubdomain=ca
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Oct 13, 2020
Tuesday Oct 13, 2020
This week, we talk to Sarah Holden PhD about retirement accounts and saving during stressful times. Dr. Holden is an economist and Senior Researcher for the Investment Company Institute (ICI). The ICI strives to promote public understanding of mutual funds and other investment companies, and regularly publishes studies on the behavior of retirement and mutual fund investors. Sarah brings us valuable insight into the behavior of investors during corona as well as regular usage of various retirement accounts based on the Investment Company Institute's studies.
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Links to Resources and websites mentioned in the show:
US Department of Labor - www.dol.gov
Department of Labor Retirement Booklet - www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-activities/resource-center/publications/what-you-should-know-about-your-retirement-plan.pdf
Securities and Exchange Commission - www.SEC.gov
Financial Industry Regulatory Authority (FINRA) - www.FINRA.org
FINRA Broker Check Tool - brokercheck.finra.org
SEC Investor Resources website - www.investor.gov
Consumer Financial Protection Bureau - www.consumerfinance.gov
Dr. Holden's Links:
Sarah's LinkedIn: www.linkedin.com/in/sarah-holden-55375a2a/
Firm Website: www.ici.org
YouTube: www.youtube.com/user/ICIVideo
Twitter: www.twitter.com/ici
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Oct 06, 2020
Tuesday Oct 06, 2020
Jeff Porter CFP, CFA returns to the show this week and gives his opinion on 3 of the most popular Do-It-Yourself portfolios out there. We get Jeff talking about the Dave Ramsay portfolio, a 100% VTSAX or similar "Total Market" fund, and the Bogelhead's three fund portfolio. We talk about weighting the assets in your portfolio as well as the part international stocks plays in a balanced portfolio!
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
DISCLAIMER: While Jeff Porter is a highly qualified individual with investments and money management, he is not YOUR money manager. All advice and ideas he gives should be considered general and not specific to your situation.
Links to Portfolios Mentioned:
Dave Ramsay: https://www.daveramsey.com/blog/what-is-diversification
Bogelhead's: https://www.bogleheads.org/forum/viewtopic.php?t=88005
NOTE: In the episode, I said that the 3rd fund was REITS (Real Estate Investment Trusts). In actuality the 3 funds are: a Total US Stock Market fund, a Total US Bond Market fund, and a Total International Stock fund.
Jeff's Links:
Firm Website: https://sbsbllc.com/
Jeff's Bio: https://sbsbllc.com/our-people/jeff-porter/
LinkedIn: https://www.linkedin.com/company/sullivan-bruyette-speros-&-blayney
YouTube: https://www.youtube.com/channel/UCXwiMNDGDFY87sjHPFB8low
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Sep 29, 2020
Tuesday Sep 29, 2020
This week, I interview Jeff Porter CFP, CFA , and we discuss asset classes and diversification. Some of the topics covered include reasons to consider having an advisor, what are asset classes, are there good or bad asset classes, and how do you adequately diversify a portfolio?
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Jeff's Links:
Firm Website: https://sbsbllc.com/
Jeff's Bio: https://sbsbllc.com/our-people/jeff-porter/
LinkedIn: https://www.linkedin.com/company/sullivan-bruyette-speros-&-blayney
YouTube: https://www.youtube.com/channel/UCXwiMNDGDFY87sjHPFB8low
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Sep 22, 2020
Tuesday Sep 22, 2020
Today, we talk about the question of whether you should rent or buy for your residence. Many people say that buying is best, but renting definitely has some advantages over buying. During the episode, I talk about the framework of how I approached the issue and my exact numbers and reasoning for why i moved out of my apartment and bought my house earlier this year.
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww
Tuesday Sep 15, 2020
Tuesday Sep 15, 2020
This week, I introduce Exchange Traded Funds, also known as ETF's are, as well as the features that make them better and worse than Mutual funds.
Have ideas for a future episode? Send in an email or tweet @MainStMoney to have your idea as a future show! Be sure to check out the YouTube channel for new demonstrations!
Links mentioned in the show: Why ETFs are more tax efficient than Mutual Funds
https://www.etf.com/etf-education-center/etf-basics/why-are-etfs-so-tax-efficient
https://www.investopedia.com/articles/investing/090215/comparing-etfs-vs-mutual-funds-tax-efficiency.asp
My Usual Links:
Show Email address: Mainstfinance@gmail.com
Twitter Account: @MainStMoney
YouTube Channel: https://www.youtube.com/channel/UCxWzLF_ZCgeDJ6PcIovg9ww