The Smart Start Money Podcast
Financial Lessons Learned From the Pandemic

Financial Lessons Learned From the Pandemic

April 30, 2020

What are some good financial lessons that everyone is learning from the pandemic?

The current global pandemic the world is experiencing will forever change many lives individually, entire families, and future generations. For people that lose loved ones, there is no recovery that will ever be made. The psychological and economic impact of the Coronavirus will never be forgotten, but some lessons can be learned.

From a financial and economic perspective, it will be important to learn from this experience to be better prepared for the future. Not everything has been a complete disaster. I am hopeful there will be some real changes in the future that we can make by learning from this experience.

This podcast episode talks about some of the expected financial lessons America and the world are going to learn from the pandemic.

 

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Why Some People Do Not Contribute to Their 401k When There Is an Employer Matching Contribution

Why Some People Do Not Contribute to Their 401k When There Is an Employer Matching Contribution

April 27, 2020

401k and Employer Matching Contributions

It is true that not taking advantage of an employer matching contribution to a 401k is like giving up free money. However, there are reasons some people chose not to contribute to their 401k even when an employer will put in some money to help.

This podcast episode talks about why more people do not take advantage of an employer-provided 401k and particularly when there is a matching dollar amount.

 

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The Income Gap Is Likely Going to Get Wider

The Income Gap Is Likely Going to Get Wider

April 23, 2020

The wealth gap in America is likely going to get a whole lot bigger.

The COVID-19 pandemic has disrupted lives socially, economically, and will forever change some families who experience lost loved ones. The lasting effects are going to likely remain for decades while future generations feel the impact of what not only America is experiencing, but the entire world. Before the Coronavirus, a growing gap between the wealthy and poor already existed. The separation between the rich and poor has increased substantially in the last 40 years.

 

The wealthy and powerful are better positioned for recovery from a pandemic and for this reason the income gap is about to get a whole lot wider.

 

This podcast episode talks about the income gap in America and how the Coronavirus with an economic shutdown is going to speed up the gap further between the rich and poor. There are solutions, but changes need to be made to ensure all of America has a future.

 

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How Much Should a Recent College Graduate Be Putting in a 401k?

How Much Should a Recent College Graduate Be Putting in a 401k?

April 20, 2020

Should a recent college graduate be putting 15% into their 401k?

Saving for retirement is and should be one of the most important financial goals for just about anyone. However, for a recent college graduate with a first job in the professional world, it is important to have a financial foundation in place first before putting too much money into retirement.

 

This podcast episode talks about the importance of having a financial foundation before putting too much money away for retirement. Saving for retirement is important and starting at a young age can make it easier to reach a goal. However, there are some dangers if an early withdrawal is needed.

 

Payday Loans: The Evil Truth

Payday Loans: The Evil Truth

April 16, 2020

Payday Lenders Are Not There to Help

People that find themselves in an emergency money situation have several choices to choose from for solving the problem. Credit cards, an emergency fund or a loan from a relative is sometimes an answer to short term financial issues. However, a lot of individuals are forced to use Payday loans. These easy loans come with little or no credit requirements. They can be a simple way to get money fast for someone in a bad financial situation. Even though Payday loans might give people quick access to cash, they are an evil business in the world of loans.

 

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America: Retirement and the Future

America: Retirement and the Future

April 13, 2020

How Do We Fix the Future of Retirement in America?

The pandemic currently being experienced around the world has certainly disrupted lives socially and economically. Although it seems most people are dealing with it the best they can and experts continually state everything will eventually be better, I am personally concerned about the future of retirement. Future generations and plans for retirement might not only be affected by the downturn seen in the stock market along with the economy most recently but also the impact is likely going to last for some foreseeable time.

 

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Rent or Buy a House?

Rent or Buy a House?

April 9, 2020

Renting vs Buying a House

There is always some debate over the better choice when it comes to renting or buying a home and there are valid arguments to each side. If you are debating over the decision to rent or buy, there are some key details to consider.

This podcast episode looks at the advantages and disadvantages of homeownership.

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Profiting Politicians and Lawmakers: Insider Trading and Politics

Profiting Politicians and Lawmakers: Insider Trading and Politics

April 6, 2020

Insider Trading and Politics

Insider trading has been known to be an illegal practice for some time. For politicians and lawmakers trading on information not available to the public is really nothing new. However, trading on non-public information for Congress was supposed to theoretically stop in 2012 with the Stock Act that was put in place to prevent these people from taking advantage of their positions for financial gain.

With the recent pandemic of COVID-19, many people on Capitol Hill, including lawmakers and congressional aides, have made questionable financial transactions potentially based on information they received that was not public. The alleged misuse of information for financial gain is clearly a problem both legally and from an ethics standpoint, if just not even morally wrong.

This podcast episode takes a look at the issue of politicians and how they need to be held accountable for their actions when it comes to profiting from non-public information.

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Will Buying an Electric Car Save Money?

Will Buying an Electric Car Save Money?

April 2, 2020

When it comes to saving money buying an electric car may be something a person considers. But is it really worth the money for the possible savings?

For someone looking to get out of debt or save more money, an electric car might appear to be a good purchase. Spending much less on gasoline could potentially put more money back into the pocket of a driver. But are we really at a point yet where it makes sense to convert over to a pure electric mode of transportation?

 

This podcast episode looks at electric automobiles and if driving one will truly save money.

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