Six Secrets to Living A Luxe Life & Still Saving Money - 139

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

🗓️ 6 November 2017

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Luxe Strategist offers six secrets to splurging on nice things while still saving 50% of your income. Joe and Big Al cover the latest on Trump tax reform, the retirement crisis, 7 Retirement Catch Up Strategies for Lifelong Procrastinators, and why caller Maria maybe shouldn't trade options. Plus, the fellas confess to their worst impulse purchases.

Transcript

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0:00.0	I'm a big proponent of buying fewer but better things. So, you know, I might have a t-shirt that
0:06.1	costs $60, but it's just the one t-shirt, you know, instead of $6, $10 t-shirts. That's the
0:12.8	Lux Strategist. Today on Your Money, your Wealth, she offers six secrets to splurging on nice
0:18.3	things while still saving up to 50% of your income. Joe and Big
0:22.4	Al cover the latest on Trump tax reform, the retirement crisis, seven retirement catch-up
0:27.1	strategies for lifelong procrastinators, and why caller Marie maybe shouldn't trade options. Plus,
0:33.2	the fellas confessed to their worst impulse purchases. Now with a tiny ukulele in a really, really big bag.
0:40.9	Here are Big Alclopine CPA and Joe Anderson, CFP.
0:47.2	Talking taxes, investments, retirement, and all sorts of good stuff today.
0:52.5	We got tax reform maybe coming down the pike, and what?
0:55.8	We had the budget passed through this week.
0:58.2	Well, we did, Joe.
0:59.5	And just as a little reminder, what the budget does is that it allows a bill to be, a tax bill, to be enacted that can, that would potentially increase the federal deficit by up to $1.5 trillion
1:13.5	over the next 10 years.
1:15.2	In other words, this tax plan or this tax framework that was revealed about a month ago.
1:20.9	Your phone's ringing.
1:21.6	Yeah, I know.
1:22.4	That's a caller.
1:23.8	But I'll get to you later.
1:25.3	Anyway, the, what was I saying?
1:29.3	So because the budget, the budget has to be passed that allows for a tax cut, which allows us to go into more debt.
1:38.3	Now, of course, the Republicans are saying, yeah, but this is going to spur the economy.
	...

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