Reality Radio for a really great future.

We're talking real money.

Hello, everyone.

Welcome to another exciting, or informative at least, edition of Talking Real Money Quick.

I'm Don McDonald, and this is where we share some of the shorter bits of

information that I create, along with occasional phone calls or emails that you send

into us. You can call us at 855-935-2-5-25-2-5-8-25-5 and leave your detailed question on our voicemail and we'll answer those on the show.

You can also go to talking realmoney.com and just send me a note with your question,

and we've gotten a couple of those.

So that's what we're going to do today.

We're going to answer some of your email questions and share with you some of the features

that I create for broadcast

during the week in Seattle on the actual radio. So let's get started with our first email

from a listener. The subject when Fed raises rates. Here's the question, comments. Love the show,

educate me. I am debt free. Own my home, question, comments. Love the show, educate me.

I am debt-free, own my home, cars, et cetera, without any debt.

When the Fed raises interest rates, does this in general have little to no effect on me?

I don't have a mortgage that will adjust.

Don't have student or car loans, no credit card debt. I know stocks might take a hit, but since I'm invested in total stock market index funds, I would probably

take that opportunity to buy more of those funds. Where else might I be affected? Thanks.

Well, I guess if you really stretch, we could probably find something that might have some ancillary effect on you, but I'd probably be in the form of inflation, raising the cost of living. But direct effect, immediate effect, because you have no debt, nope, Because you're not saving at a bank. No,

you got all your money in stocks. If you are comfortable with the incredible volatility of the

...