Financial IQ Test

Talking Real Money - Investing Talk

Don McDonald

Investing, Education, Business, How To

4.5 • 810 Ratings

🗓️ 11 June 2025

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don and Tom salute high-schoolers who tackled the National Personal Finance Challenge, then test listeners (and each other) with the same nine-question quiz—covering basics like principal vs. balance, Roth RMD rules, CDs, vesting, inflation risk, callable bonds, and limit orders. Call-in segments dig into real-world money puzzles: whether to sink home-sale proceeds into a new mortgage at today’s 7 % rates, how (and whether) to value a military pension, rolling a TSP, and a head-scratcher abou...

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.0	We're talking real money.
0:10.3	Well, you know, once again, it's time to get educated.
0:14.4	To get educated about something really important that we talk about all the time on the show.
0:22.1	And it's in the name of the show, money, talking real money.
0:25.8	You need to know how money works.
0:29.0	You need to know how it works.
0:30.2	Your parents need to know how it works.
0:32.5	Your kids need to know how it works because money is what keeps us going. It's the fuel for our existence.
0:39.7	And we talk about it regularly every Saturday right here on the radio that becomes a podcast
0:44.6	later. And we want to help you out. And you can ask us questions right now by calling us at
0:51.7	855-935-935-8-35-825-825-825-5.
0:58.4	I'm Don.
0:59.8	Tom's over there.
1:01.2	You're there.
1:02.7	And, you know, recently, about 120 high school kids actually competed in something relatively
1:09.1	worthwhile.
1:09.8	The National Personal Finance Challenge in Atlanta, just about a week ago.
1:17.1	Is there ice water involved in this or not?
1:19.6	No, this was about money.
1:22.6	Ah, okay.
1:23.5	And by the way, at the state level, there were almost 20,000 kids involved, which I love.
	...

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