Jonathan Clements on The Secret to Defeating Ingrained Financial Failure Instincts - 171

Your Money, Your Wealth

Realestate, Income, Investing, Personalfinance, 401k, Rothconversion, Retirement, Education, Taxes, Socialsecurity, Personalfinances, Finance, Retirementplanning, Investments, Stocks, Business, Roth, Fiduciary, Ira

2.3 • 681 Ratings

🗓️ 29 May 2018

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jonathan Clements (HumbleDollar.com, former Wall Street Journal columnist) on how to get from here to financial happiness and success, defeating the instinctual urges ingrained in us by our ancestors that often lead to financial failure. Plus, should you give your graduate the gift of a Roth IRA? Listen and learn why that gift could be worth $2 million. And what are the chances that you’ll be subject to an IRS tax audit - by agent Will Smith?? Transcript and show notes at http://bit.ly/YMYW-171

Transcript

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0:00.0	I'm Jonathan Clements and this is Your Money, Your Wealth with Joe Anderson and Big Al Clopine.
0:05.7	Our hunter-gather ancestors do not have to worry about saving diligently in 401K plans for
0:12.0	four decades. They could retire to endless rounds of golf, bridge, and early-boad dinner specials.
0:16.6	Instead, they were focused on surviving until tomorrow. And in many ways, that is how we operate in the financial world.
0:23.2	We're focused on surviving until tomorrow.
0:25.8	We consume as much as possible today.
0:28.7	We get panicky over losses.
0:31.0	We're brimming with self-confidence that we can win today.
0:33.8	And all of those things are terrible for our long-term financial future.
0:38.0	From Humboldt Dollar.com, former Wall Street Journal, personal finance columnist Jonathan
0:42.8	Clements joins us today on Your Money or Wealth with the secret to getting from here to financial
0:47.7	happiness and success, defeating the instinctual urges ingrained in us by our hunter-gatherer
0:53.3	ancestors, urges that often lead to financial
0:56.4	failure. Plus, it's graduation time, should you give the grad in your life the gift of a Roth IRA?
1:02.3	Visit Your Money, yourwealth.com, and click special offer to download our Roth IRA basics
1:07.1	white paper for free. Then listen and learn why your graduation gift might actually be worth
1:12.1	$2 million. But first, what are the chances that you'll be subject to an IRS tax audit by
1:18.0	Agent Will Smith? Here are Joe Anderson's CFP and Big Al Clopine CPA with some silliness and some
1:25.0	answers. We have a fantastic show.
1:29.1	Fantastic.
1:30.0	We do.
1:30.5	I can't wait.
	...

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