The Rich Half

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 2 April 2025

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

At Talking Real Money, we emphasize fundamental financial principles like disciplined saving, diversification, and cautious investing—highlighted this episode through insights on wealth distribution in America, noting that successful financial outcomes depend heavily on diligent saving and investing, particularly in equities, businesses, and real estate. We caution against chasing high-dividend stocks, explaining their risks and why they're often poor investment choices compared to a broadly diversified portfolio. Listener calls explored common pitfalls with annuities, especially high fees in variable annuities, reinforcing our advice on avoiding expensive financial products. We discussed efficient strategies like Roth IRAs, clarifying rules around backdoor contributions, conversions, and inherited accounts, emphasizing the importance of strategic tax planning. Ultimately, the path to financial success involves consistent saving, smart asset allocation, and avoiding high-cost investment traps. 1:24 Wealth distribution and how Americans build wealth 2:19 Discussed alarming wealth inequality statistics 3:27 Key to wealth-building: working, saving, and investing 5:20 Listener call questioning high-dividend stocks 6:46 Risks explained about investing in high-dividend companies 9:31 Clarified misconceptions about dividends and cash flow 11:10 Historical examples of high-dividend stock failures 14:21 Listener call regarding variable annuity transfer 16:21 Benefits of transferring from high-fee annuities 18:20 Humorous mix-up about hosts' identities 21:43 Clarification on inherited IRAs and Roth conversions 24:34 Discussed tax deductions for home improvements 25:30 Listener concerns over annuity safety and risk explained 30:07 Caller advised on diversifying using Vanguard ETFs 31:45 Listener call clarifying Roth IRA contributions and eligibility Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	There are days when you're hungry for McDonald's.
0:03.0	Then there are days when you're Big Arch hungry for McDonald's.
0:08.0	You'll get to know the difference.
0:10.0	New Big Arch for Big McDonald's hunger.
0:13.0	Until 9th of September, from 11 AM,
0:17.0	participating restaurants only, subject to availability.
0:31.6	Reality Radio for a really great future. We're talking real money. Every now and again,
0:40.9	we all need a little help with something in our life, and often that something is dealing with money because well there's a really good reason for that so much of our life involves money we earn it we are
0:50.0	particularly good at spending it sometimes way too good enter dave ramsie when you're too good at spending it, sometimes way too good.
0:57.7	Enter Dave Ramsey when you're too good at spending it.
1:03.4	And then trying to put it away so that you have some when you either don't want to work or are no longer able to and to cover the expenses that life throws at you down the road.
1:10.1	So if you need some help with those kinds of things, we love to provide the help, and we've both
1:17.8	been doing it.
1:19.5	Well, you combine our time giving money help out, and, you know, we're really old.
1:25.5	I mean, that's like, that's like 75 years between us or something ridiculous.
1:32.8	So give us a call at 855-935-935-tall-8-55-8-25-5.
1:38.5	I'm Don.
1:39.3	I'm in Florida in my studio.
1:42.2	Tom is now in Duval, Washington, in his studio and model military aircraft museum.
1:52.0	Yeah, both of which need work.
1:53.4	So I will do some of the little work on the studio.
1:55.6	Yeah, there's still there.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Don McDonald, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Don McDonald and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.