4.8 • 883 Ratings
🗓️ 10 April 2024
⏱️ 5 minutes
🧾️ Download transcript
Discover what to do with your tax refund.
Are you investing well for financial freedom...or not?
Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.
If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars.
Your compounding rate, and how well you invest, matters!
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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.
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| 0:00.0 | Be wealthy and smart, episode 1335. |
| 0:03.3 | I'm gonna live no rich life. |
| 0:07.3 | All the best life. |
| 0:09.3 | Yes, life. |
| 0:11.1 | So if y'all know what I mean, put your hands up and declare with me |
| 0:14.1 | Yeah, I'm full of behind I'm gonna live a good life |
| 0:21.0 | I'm gonna live the good life |
| 0:22.0 | the beautiful and glorious life. |
| 0:25.0 | Step into a world of wealth and financial freedom without budgets, boredom or bosses, |
| 0:31.0 | on Be Wealthy and Smart. And now here's your host, Linda P. Jones. |
| 0:38.6 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor. |
| 0:42.3 | Empowering women and Men Worldwide to Financial Freedom. |
| 0:45.3 | On today's show, we're going to talk about what to do with your tax refund and other things tax related |
| 0:51.5 | because it is that time of the year we have just a few days |
| 0:55.1 | until the tax deadline of April 15th and well it's never fun to be in a mad |
| 0:59.8 | scramble to get your taxes done you can file an extension if you know what tax you have |
| 1:06.0 | do and you pay your tax by April 15th, you can actually file your taxes by October 15th. So what kind of an amount are people expecting |
| 1:16.6 | for their refund? Well 52% of respondents expect their tax refund this year |
| 1:21.8 | to be about the same as last year and 18% are expecting more in |
| 1:26.6 | their refund checks. In addition, 30% expect to receive less than the amount they got in |
| 1:32.2 | 2023. According to the less than the amount they got in 2023. |
| 1:33.4 | According to the IRS, the average tax refund, as of the week ending February 4th, was $1,195. |
... |
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