If you missed my segment on NBC’s Today show – entitled “Put Your Best Financial Foot Forward in 2012” make sure to check it out! If you take just one of these tips and implement it in 2012, you can get yourself a brand new financial life, if you do more than one—EVEN BETTER! Watch and let me know which tip you’ll be using this year!
Question:
I already have $30,000 worth of loans from my first degree. Should I keep working minimum wage dead end jobs to pay off this debt or work on getting into a field that will provide financial stability?
My advice:
- Continue working your current job and look for a new opportunity.
- Save money for the next 6 months to a year.
- Go back to school to launch a new career.
Check out the recent segment I did for with Bloomberg On Demand about Women and Retirement. Learn what you need to know and do to avoid costly mistakes while planning for retirement and what it takes to be financially secure in your senior years. Make sure to let me know what you think about the segment!
Question: I just started my job about a month ago and we have the option of a traditional 401(K) and a ROTH 401(K). I am 22 years old, have a long career ahead of me and don’t have huge amount of expenses. Which would you suggest?
My Advice: - Your goal is to max out the retirement account
- You can use a traditional 401(k) and get a tax deduction
- Or have no tax deduction upfront with ROTH 401(k) Plan – (but remember you will have to pay taxes when you take the money out later.)
- I suggest, put half into each of the plans
Check out the thought-provoking interview I did with my good friend and New York Times bestselling Author of The Answer and Having It All – John Assaraf.
In this interview you will learn:
Critical rules of investing
My perfect pie investment approach to help secure your financial future
The #1 investment habit you must adopt before it’s too late
The best method to reduce your interest rates and pay off your debts—fast!
The single most important decision you can make right now to get out of debt
A mortgage oversight that banks sometimes never tell you about
Pitfalls to avoid when refinancing your mortgages
And much, much more!
Enjoy and let me know what you think by commenting below!
If you missed me this morning on NBC’s TODAY show “Money 911” segment make sure to watch this clip. Learn my recommendation for how to invest and budget after getting a hike in pay!
Also, I wanted to take a second and say a quick hello and Happy Holidays to all of you! Check out my quick message to you!
Question: I’d really like to find a credit card that has the best airline mile rewards. I won’t be traveling much, so the miles are going to be saved up for big trip purchases. Do you have any suggestions for a card great accumulating no hassle miles?
Answer:
- Pick a generic credit card with a variety of point offers
- Look at how many points you get per dollar you spend
- Check out CreditCard.com to compare card offers
- Check your mail for good offers!
Hope you were all able to tune in to NBC’s TODAY Show Money 911 and watch me answer America’s Money Questions, if not watch the video above. Afterwards, I did a live chat where I answered MORE of your questions! If you missed the CHAT make sure to CLICK HERE and check it out! Hopefully, my answers can help you!
Make sure to check out my latest video from Today.com about ways to save when it comes to Holiday Shopping! I discuss my Top 4 Tips on how you can save BIG this Holiday Season, then we take some tips from Today Show Viewers on their ways to save!
MY TOP 4 TIPS -
1) Create a holiday shopping budget – from the very beginning!
2) Make a list for the people you MUST buy gifts for.
3) Shop online at stores like amazon.com (that’s where I do the majority of my shopping.)
4) Shop early to get the best bargains!
Super Bowl is THIS weekend! Here's some tips to throw a party for $100 or less. What's everyone doing for the big game? http://t.co/2iCnC6JA4 hours ago
