Rich As A King

Higher education is a great investment for your future, but it is worth taking on student debt? How much debt is your degree worth, and how will you repay it? This financial podcast warns you about two major pitfalls of student loans. If you already have student debt, download a free tool to help you accelerate paying it back.

Baby boomers are approaching retirement. Find out about a strategy baby boomers can use to help them have a successful retirement. Click here to use the “lunch savings calculator” to help you prepare your finances for the future – no matter how old you are. This link is good for baby boomers as well as anyone else planning to retire one day.

Can you afford to be financially optimistic in today’s volatile market? Susan Polgar’s stories about how she became a chess grandmaster are an inspiring illustration of how optimism can can pave the path to success. Find out why a positive outlook is one of the most useful tools for success, in chess, investing, and in life in general.

If you like investing in bonds and other conservative investments, how should you invest when interest rates are low? Low interest rates and high inflation can actually lower the real value of your money if it is invested in bank savings accounts or CDs. So what are your options if you don’t want to take on a high risk (read: potentially high return) investment? Listen to this financial podcast to learn about a strategy that can help you make the best out of your investments during times of low interest.

Global diversification, spreading out your investments among various countries, is an important part of investing. But how can you determine the best countries to invest in?  Global diversification is an important part of asset allocation. Want a chess metaphor to think about the importance of diversification? Think of diversification as “castling” – a way to protect your investments. What are the tactics that you can use to diversify, yet invest safely? Need a guide to diversify and allocate your assets efficiently and responsibly?  For the first steps to take, go to www.richasaking.com/tools and use our asset allocation tool.

What is “multiple attack strategy,” and which tactic can it teach you for improving your investment performance? Why is balance important both in life and in investing? Find out how it can keep your investments on track.

When should you buy stocks? When they are riding high, or when they are at an all-time low? What does the expression, “Buy when there is blood in the streets” mean? How does it relate to investing? Listen to Susan Polgar’s explanation of when the best time is to strike at your opponent in chess, and learn a how to apply a chess strategy to investing. For more inspiration from the game of chess, get a free download of the Rich As A King poster book here.

Are you ready for the next market crash? While it is impossible to predict when the next market crash will come, there are certain steps that you can take to protect whenever the next economic downturn occurs. History has shown that markets respond to dramatic world events, such as wars, assassinations, and political scandals. The better prepared you are for unforeseen setbacks means they won’t take you by surprise.  Preparation can lessen their negative effect. Susan Polgar’s story of how she overcame a huge disadvantage when the International Chess Federation FIDE awarded female players (except her!) 100 points, shows how you shouldn’t give up… no matter how dire things look. Get information about our upcoming real-life finance course and send us your financial questions!

What’s the difference between a casino and the stock market? On this week’s financial podcast, find out why the odds are much better if you invest your money in the stock market than if you try to make a huge win at a casino. Learn how to determine your real chances of winning, and why investing is not gambling.

Despite enjoying popularity on the street, not every “rule of thumb” or popular investing strategy works. A “rule of thumb” is a principle that can be broadly applied to a situation, and by definition, lacks a certain amount of accuracy. Sometimes rule of thumb guidelines can be safely followed. Other times, it may be best to scrutinize common wisdom, like “sell in May and go away.” Today’s episode provides tips on what to think about when deciding what your next financial step should be. Should you follow a general rule of thumb or should you take customized action steps based on your specific situation? If you enjoyed this financial podcast, leave a review for it on iTunes.

What happens if you miss an investment opportunity? Are you doomed to have lost the chance to have made money? Luckily, successful investing rarely involves making once-in-a-lifetime choices.  The majority of Wall Street wealth was not made timing the market. Perseverance, rather timing the market may be the key to financial success. Listen to the story of how the Hungarian government tried to stop Susan Polgar from competing in international competitions during her youth, and what it teaches about using available opportunities. Get information about our upcoming real-life finance course and send your financial questions to be answered on a future episode.

If markets fall, and your stock portfolio takes a beating, don’t despair. On this episode of Rich As A King, find out why it’s important to stick to your strategy even when things go wrong. Falling stock prices isn’t the main threat to your portfolio. Listen to find out what the real danger is. Get information about our upcoming real-life finance course, and click here to send us your financial questions.

What’s the best way to improve your investment results? Learn to filter out distractions and give your plan a chance to work. Listen to this financial podcast to find out why it’s important to stick to your financial plan, rather than continually moving your investments around. In the same way that a chess player ignores the constant barrage of comments from onlookers, and stay focused on the game, you need to stay focused on your financial plan. Get information about our upcoming real-life finance course and send your financial questions to http://www.richasaking.com/contact-us/

What do you need to know before buying a stock? Don’t base your decision on a vague piece of financial news. Look at more specific details, such as a company’s earnings and value. What do these terms mean, and which aspects are important? Find out what a company’s price/earnings ratio is, and how this would affect your final decision. Get information about our upcoming real-life finance course and send your financial questions to http://www.richasaking.com/contact-us/

If you are still working, here’s one retirement planning opportunity you don’t want to miss out on… As many as 68% of working people in America don’t take advantage of this simple retirement savings technique.  What should they do? Maximize the amount you put into an employer-sponsored savings plan or IRA. Listen to this financial podcast to learn what happens to your contributions to a traditional or Roth IRA. What do you need to know if you are 50 or over? Get information about our upcoming real-life finance course (full of other retirement planning ideas) and send your financial questions to http://www.richasaking.com/contact-us/.

Want a great tactic to cut your taxes? Just look at the way many investors handled the sudden drop in pound sterling after the Brexit vote. Find out what tax-loss harvesting is and how it can help you deal with volatile markets. Most importantly of all, don’t panic! (Remember I am a certified financial planner, not an accountant. I do not give specific tax advice. Make sure to get tax advice for your unique situation from a qualified tax professional.) Get information about our upcoming real-life finance course and send your financial questions to http://www.richasaking.com/contact-us/.

Don’t let your spouse be the only one to manage your money. You need to know what’s going on with your finances, even if you don’t handle all of the daily expenses. Find out what the differences are between men and women when it comes to handling finances, and why good communication about money and setting goals is the key to a happy marriage. Watch this three-minute video to learn more about the importance of open financial communication between partners.

Why should non-Americans invest in the United States? There are many non-American players on Susan Polgar’s chess team, because they are seeking the high-quality coaching that the United States specifically offers. America’s reputation for quality extends beyond education to the field of investing. More and more non-Americans are investing in the United States because of the high quality of American investments. Listen to this financial podcast to find out what the three qualities that make U.S. investments so attractive to non-Americans are? Watch this 10-minute video about U.S. brokerage accounts for non-Americans.

What should you do when you get an inheritance? The first thing you should do when you get an inheritance is not to make any rash decisions or changes in your lifestyle without understanding what you have just received. This is especially true if these assets are complex investments. Listen to why it is important to get guidance from a qualified financial advisor when you receive an inheritance.

How can you improve your portfolio’s diversification? By consolidating your money under the watchful eye of a single financial advisor. Last episode discussed how consolidating your investments can make more money.  Listen to this episode to discover the benefits of using money managers or mutual funds to manage specific sections of your portfolio. By consolidating your assets under one account, you can make sure that you are properly diversified.  Listen to the whole show for a link to a free video about money managers.