If it sounds too good to be true, what is it?

With the Former Woodbridge Group CEO recently pleading guilty to running a Ponzi scheme, many of us still fall victim to financial scams. These con artists prey on your desire to make more money with less risk. But if it sounds too good to be true – it usually is! Tom and Don don’t want you to fall into the trap of another scam, so in this episode, they share how fraudsters get you to buy in and how to avoid becoming a victim. They also discuss the downside of real estate “investing,” and why real estate is not your quick ticket to easy, passive income. Also, they answer listener questions: where to invest your real estate and inheritance money, tips for taking out your RMD, and why diversifying your funds is the smartest way to secure your future

What we can learn from the Woodbridge scam.

Are there capital gains on an inherited property?

Where to reinvest your real estate money.

Secure your future by diversifying your investments.

Why real estate is not the way to quick, easy money.

What to do with your child’s inheritance money.

Tom shares his philosophy on taking out your RMD.

How the new SECURE Act will affect your RMD.

How to prepare for the global economy going out of business.

Vestory — https://vestory.com/

“Former Woodbridge CEO Shapiro pleads guilty, faces up to 25 years in prison” — https://www.aspentimes.com/news/crime/former-woodbridge-ceo-shapiro-pleads-guilty-faces-up-to-25-years-in-prison/

“Former Woodbridge Group CEO Pleads Guilty in $1.3 Billion Fraud” — https://www.bloomberg.com/news/articles/2019-08-08/former-woodbridge-group-ceo-pleads-guilty-in-1-3-billion-fraud

Bankrate — https://www.bankrate.com/

“The Hidden Money Grab In The SECURE Act” — https://www.forbes.com/sites/jlange/2019/06/11/the-hidden-money-grab-in-the-secure-act/#5bb8a8a23bbd

“More than 7,800 stores are closing in 2019 as the retail apocalypse drags on — here's the full list” — https://www.businessinsider.com/stores-closing-in-2019-list-2019-3?IR=T

Previous
Previous

The best ways to start building wealth early.

Next
Next

Finding your way to a financial future.