GOOD
GOOD LUCK
GOOD LUCK TODAY. REPORTING LIVE FROM RENTON
MEMORIAL STADIUM.
MEMORIAL STADIUM. JORDAN WILKERSON, KING5
MORNINGS.
MORNINGS.
MORNINGS. >> THANK YOU FOR BEING OUT
THERE.
THERE.
THERE. LOVE THOSE LITTLE GIRLS.
>>> HERE IS A QUESTION.
DID YOU GET A TAX REFUND?
WHAT WILL YOU DO WITH THE?
OUR GUEST IS THE AUTHOR OF THE
NEW BOOK "THE BUSINESS OWNER'S
GUIDE TO FINANCIAL FREEDOM.
WHAT WALL STREET IS NOT TELLING
YO ."
YO ."
YO ." >>
YO ." >> THANK YOU FOR BEING WITH
US.
US.
US. >>
US. >> THANK YOU FOR HAVING ME.
IT IS AN HONOR.
>> SO YOU WILL TELL US WHAT
WALL STREET IS NOT TELLING US?
>>
>>
>> >>
>> >> YOU
>> >> YOU ARE WELCOME ANYTIME.
>> AND THERE IS A LOT.
>> LET'S START EASY.
WHAT DO PEOPLE DO WITH REFUNDS
NOW?
NOW?
NOW? >>
NOW? >> IT IS INTERESTING.
THERE IS AN ANNUAL AMERICAN TAX
IQ SURVEY.
IQ SURVEY. THEY ASKED 2000 AMERICANS WHERE
THEY ARE SPENDING THEIR MONEY.
IT WAS INTERESTING.
ABOUT 40% ARE PAYING OFF DEBT.
ANOTHER 40%, GIVE OR TAKE, ARE
SAVING.
SAVING.
SAVING. AND THEN 20% ARE DOING A TREAT
YOURSELF EXPERIENCE.
YOURSELF EXPERIENCE. I THINK THAT IS A GOOD
SCATTERPLOT OF WHERE PEOPLE
SHOULD SPEND MONEY.
BUT
BUT
BUT STAY
BUT STAY IN A BALANCE.
PAY A LITTLE DEBT.
SAVE.
SAVE.
SAVE. AND
SAVE. AND SPEND A LITTLE BIT ON
YOURSELF.
YOURSELF.
YOURSELF. IF YOU CAN FIND A BALANCE, YOU
WILL BE BETTER OFF.
>> HOW CAN PEOPLE SAVE THEIR
MONEY?
MONEY?
MONEY? IS
MONEY? IS THERE KIND OF A GENERAL RULE
OR DO YOU HAVE A COUPLE OF
GREAT TIPS?
GREAT TIPS? >> I LIKE TO SEE PEOPLE USING
MONEY TO MAKE MONEY.
FREELANCING IS BECOMING MORE
AND MORE COMMON.
INSTEAD OF JUST PUTTING MONEY
BACK INTO THE WALL STREET
MACHINE, TAKE SOME MONEY TO
START SOMETHING ON THE SIDE.
MAKE SOME EXTRA MONEY THAT CAN
HELP YOU BUILD MORE WEALTH AND
IT CAN MAKE A BIG DIFFERENCE
DOWN THE ROAD.
>> I LIKE THAT --
FREELANCING A LITTLE BIT.
DOING A LITTLE SOMETHING ON THE
SIDE.
SIDE.
SIDE. AND
SIDE. AND THERE ARE OPTIONS FOR
INVESTING.
INVESTING. I KNOW THE MARKET IS VOLATILE.
WHAT SHOULD PEOPLE FOCUS ON?
>> THIS IS WHERE MAYBE A
CORPORATE EMPLOYEE SAYS, I WILL
DIVE INTO MY 401K.
OR THEY SAY, I WILL REINVEST MY
PROFITS.
PROFITS.
PROFITS. I THINK WE NEED TO BREAK THE
MOLD.
MOLD.
MOLD. LET'S TRY TO TAKE MORE CONTROL
OF OUR RETIREMENT ACCOUNT AND
DO WHAT IS CALLED, SELF-
CORRECTING.
CORRECTING. LET'S INVEST IN WHAT WE KNOW
THE BEST.
THE BEST.
THE BEST. IF YOU HAVE AN OLD IRA OR AN
OLD 401K, ROLL THAT INTO A SELF-
DIRECTED ACCOUNT.
DIRECTED ACCOUNT. INVEST IN A SMALL BUSINESS OR
IN CRYPTO CURRENCY LIKE
BITCOIN.
BITCOIN.
BITCOIN. MAYBE JUST SOMETHING OUTSIDE
THE BOX.
THE BOX.
THE BOX. GET SOME SUPER BOWL TICKETS AND
SELL THEM NEXT YEAR.
YOU NEVER KNOW.
>> I THINK THAT IS THE MOST
FUN ADVICE I HAVE EVER HEARD
FOR INVESTING.
FOR INVESTING. >> I LIKE THAT.
INVESTING IN WHAT YOU KNOW.
THAT REALLY IS KEY.
MY SISTER IS SO SMART.
SHE HAS BEEN A FINANCIAL
ADVISOR FOR YEARS.
SHE TALKS AND I'M JUST LIKE --
OH.
OH.
OH. BUT
OH. BUT THIS IS OBTAINABLE FOR ALL
OF US.
OF US.
OF US. >>
OF US. >> THIS IS WHAT WALL STREET
REALLY DOES NOT WANT YOU TO
KNOW.
KNOW.
KNOW. MANY PEOPLE ARE HELD CAPTIVE TO
BROKER-DEALERS AND STOCKBROKERS
WHO REALLY HAVE TO SELL YOU
WHAT THEIR PRODUCTS ARE.
WHY NOT GET A RENTAL PROPERTY
IN YOUR IRA?
THERE ARE A LOT OF GOOD
INVESTMENT STRATEGIES OUT THERE
THAT REALLY WORK.
AND WHAT -- SO INVEST IN WHAT
YOU KNOW.
YOU KNOW.
YOU KNOW. NOT JUST THROWING IT IN SOME
MUTUAL FUND AND SIT BACK AND
PRAY.
PRAY.
PRAY. >>
PRAY. >> SO WE WERE TALKING ABOUT
NEW TAX LAWS.
WILL PEOPLE REALLY START SEEING
MORE MONEY BACK?
>> YEAH.
>> YEAH.
>> YEAH. SOME PEOPLE MIGHT FEEL
SOMETHING IN THE PAYCHECKS
ALREADY.
ALREADY.
ALREADY. A LOT OF PEOPLE WILL SEE IT
WHEN THEY GO TO FILE NEXT YEAR.
THE ESTIMATES ARE ABOUT 80% OF
AMERICANS ARE GOING TO SEE SOME
SAVINGS FROM THE TAX CUTS AND
JOBS ACT.
JOBS ACT.
JOBS ACT. AND IS YOUR CREATIVE, YOU CAN
DO SOME PLANNING NOW.
YOU CAN THINK OUTSIDE OF THE
BOX.
BOX.
BOX. WHAT
BOX. WHAT ARE YOU DOING TO MAXIMIZE
INCOME?
INCOME?
INCOME? >> I LOVE IT.
ANYMORE RECOMMENDATIONS FOR
PEOPLE WHO ARE JUST -- WHO
MAYBE HAVE NOT SAVED FOR
RETIREMENT AND MAYBE THEY ARE
STARTING TO?
STARTING TO? >> I THINK IT IS A TWO STEP
PROCESS.
PROCESS.
PROCESS. GET OUT OF CONSUMER DEBT.
THE BURDEN OF DEBT CAN BE
OVERWHELMING.
OVERWHELMING. GET OUT OF CREDIT CARD DEBT.
AND THEN, SAVING A LITTLE
SOMETHING.
SOMETHING. PUT AN APP ON YOUR PHONE THAT
FORCES YOU TO SAVE A FEW
DOLLARS A WEEK.
AND THE THIRD STEP, THINK ABOUT
WHERE YOU CAN INVEST IT AND GET
EXCITED ABOUT INVESTING.
>> THIS HAS BEEN GREAT.
AGAIN, THE BOOK IS CALLED, THE
BUSINESS OWNER'S GUIDE TO
FINANCIAL FREEDOM.
FINANCIAL FREEDOM. WHAT WALL STREET IS NOT TELLING
YOU.
YOU.
YOU. THANK YOU SO MUCH FOR BEING