Series Premiere of Wealth! - Week 1 Highlights
This week at Yahoo Finance included the series premiere of Wealth! the personal finance-focused show that is going to help you clean up your finances. Wealth! is Yahoo Finances's newest guide to help you build your financial foot print. Hosted by Brad Smith, including a community of experts: they will give you the resources, tools, tips and tricks that you need to know to grow your money. Weekdays during the 11am-12 EST live hour catch Wealth! from interviews to panel discussions; from explainers to jargon busters: Wealth! cuts through the noise to guide your financial decisions, so that your money works for you.
Here are the highlights from the week 1 premiere:
Tyrone Ross, 401 Financial Principal and founder gave his financial expertise and spoke about wanting to end the stigma around financial literacy. He also explained how estate planning is not only for the wealthy, but rather a prudent financial tool available to all Americans.
Jade Warshaw, Ramsey Solutions Financial Coach sat down with Brad and gave her thoughts on the housing market, the best time to purchase a home, the hottest retail markets in the United States, and the crucial steps needed to make sure you get the most out of one of the most important financial decisions you will ever make: buying your first home.
Lawrence Sprung, author of 'Financial Planning Made Personal' spoke about misconceptions on retirement. He explains: "You don't have to wait until your 60's to retire. If you start early enough and make the best financial decisions possible, you can retire much earlier than the standard number we all know."
Ross Mac, Maconomics founder and TikTok financial influencer gave all his financial musings including investing in Bitcoin, what someone should expect from child care costs if one is a new parent, and how he factors rising inflation into his longterm financial plan.
Wealth! by Yahoo Finance premiered March 25th, 2024. Catch the personal finance focused show during the 11am-12 EST live hour Monday - Friday.
Video Transcript
BRAD SMITH: Welcome to Wealth!, everyone. I'm Brad Smith, and this is Yahoo Finance's newest guide to building your financial footprint. From our hand-picked community of experts, take a listen to what they had to say as we got the show off the ground.
TYRONE ROSS: I think financial literacy has a stigma. Now you're talking how do we implement it early on so that it becomes a part of our lives every day. A lot of life, a little bit of money. How do I extend this?
BRAD SMITH: Over half of Americans cite inflation as the greatest obstacle to financial security.
MOLLY MOORHEAD: Pay your bills on time. Late payments really ding your credit score.
JENNIFER STREAKS: You've got to reduce your debt. Anything that is going to make you a target of the high-interest rate environment, you need to take a second look.
JADE WASHAW: Listen, I think it's so important to make sure that your house is ready for sale. The key thing to remember here though, Brad, is not to go in debt in order to do so. Try to do these upgrades at the speed of cash.
BRAD SMITH: All things with the keys of the crib there. Appreciate it, Jay.
JADE WASHAW: [LAUGHS] Thanks, Brad.
BRAD SMITH: I don't feel richer after this segment, Andy. I tell you what. I'm getting up. I'm walking off set.
ANDY SMITH: You're going back to those numbers. And if you're not there, you got to figure out what that number is that you need to hit.
BRAD SMITH: Forget everything you've been told about estate planning. It's not just for the wealthy.
TYRONE ROSS: The estate is for those in Beverly Hills. No, you have life insurance. You create an estate.
BRAD SMITH: Planning that early retirement you always dreamed of? Hey, maybe.
LAWRENCE SPRUNG: If you're one of those people that has not started yet, get started. If you start early enough, invest wisely and make right and smart financial moves, you can retire much earlier than those preconceived retirement ages that we all think about.
ROBERT POWELL: It's really the people in the middle who have to struggle for saving for college and saving for retirement at the same time. Because the last thing you want to do is retire and then think, oh, I've made a mistake.
BRAD SMITH: There is a responsible way to manage coming into a large amount of money.
EMILY IRWIN: The longer term, you're thinking about things like gifting, estate tax, asset protection, not just the dollars and cents at this point, but what are your goals and values.
BRAD SMITH: I already know what I'm doing. First and foremost, I'm going to legally change my government name to first name Bless, last name, Highly Favored. An introduction to mechanics with one of our favorite influencers, Ross Mac.
ROSS MAC: When it's all said and done, you just got to ask yourself, where's the smart money? The reality is you're looking 5, 10 down the line.
BRANDON COPELAND: You got to continue to take care of your biggest asset as if you're going to play again on Sunday because it's going to pay off for you in the long run.
