Dollar Wise Podcast HFM Investment Advisors, LLC

The real estate market is as competitive as ever, even for the most qualified buyers. And if you’re like most people and need to place contingencies in your offer, such as needing to sell your home first or getting approved for a mortgage, the seller would incur greater risks with you and so they would likely choose a cash offer instead.
Thomas Bickett from AnnieMac Home Mortgage joins Jason to discuss how anyone can become a cash buyer with their Cash2Keys Program, a game-changing solution that empowers buyers to secure their dream homes with confidence.
Tune into this episode to also learn: 
Will 2008 repeat itself? Why sellers keep rejecting your offers How to make an offer a seller cannot refuse
 
What we discussed

(00:31) Buying a single family home
(02:34) Why sellers don’t accept conditional offers
(03:08) Are we in a real estate bubble?
(04:56) Are interest rates too high? 
(05:48) How anyone can become a cash buyer 
(10:16) How Cash2Keys works 

3 Things To Remember 

Reasons the real estate market is nothing like 2008: (a) people are overqualified for their mortgages rather than underqualified, and (b) there is more demand than supply. Using the Cash to Keys program, you can buy a new home without any contingencies. You can buy a new home now and sell your existing home later. Here’s how cash to keys works: get prequalified → cash to keys buys your house and helps you put in a cash offer that stands out → you buy it back from cash to keys as soon as you’re ready

Useful Links

Cash to Keys: Cash2Keys | Thomas Bickett (annie-mac.com) 

Thomas Bickett: LinkedIn | Phone: (856) 375-8679

AnnieMac Home Mortgage: https://thomasbickett.annie-mac.com/ 

Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn


Like what you’ve heard…

Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite

Summary
 

College is one of the biggest investments a
family might make. But, most families jump in head first without understanding
the true cost of college or calculating the potential return on investment.
This episode is about how to make wise investment decisions when it comes to
your child’s education, the resources available to parents and students, and
alternative options besides college.
 

Tune into this episode to also learn:
What you should consider to narrow down a list of right-fit colleges for your child Find out what college will really cost youAlternative learning paths besides college
 
What we discussed

(00:37) What do college admissions companies do?
(04:36) Is college a wise investment? 
(07:42) Signs college is not a right fit for your child 
(14:04) Calculating the real cost of college
(18:27) Colleges with generous financial aid  


3 Things To Remember 

Before deciding if college is a wise investment, you first need to identify the purpose you want college to serve in your life and career. What skills are you trying to acquire? What career are you trying to get into? Answer these questions then work backwards. 

College is not for everyone, there’s a reason only 50% of college students end up graduating. You can find gainful employment without college such as attending a trade program. 

There are colleges like Georgetown that will cover a family’s full financial need through financial aid packages as long as the student is admitted. 


Useful Links

Best cost of college calculator (EFC calculator): https://finaid.org/calculators/finaidestimate/ 

Net price of college calculator: https://collegecost.ed.gov/net-price 

Connect with Donna Baines: LinkedIn | Website

Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

Connect with Tyler Reedman: LinkedIn 



Like what you’ve heard…

Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite

2022 was a rough year for investors. And when the market becomes challenged, people begin to feel intimidated and might look to put their money elsewhere. And yes, investing involves risk, but don't stick your head in the sand and think relying on bank interest will be enough to reach your goals because, historically, you will lose to inflation over the long term. Jason and Tyler review market turbulence, past market performance and what those investments would be worth today.
 
Tune into this episode to also learn:
 
How to beat inflationThe right way to calculate how much you’re really making from your investmentsIf it’s worth investing in the market in 2023
 
What we discussed
 
(00:35) Greatest wealth creator of all time.
(01:16) Excuses people make for not investing.
(02:30) Will the market ever go back up again?
(05:11) The right way to keep up with inflation.
(06:22) Real return vs. nominal return.
(07:48) Who causes inflation?
(08:46) Is this a good time to invest?
 
 
3 Things To Remember
Beating inflation isn’t necessarily a year-to-year thing. You have to view beating inflation with a long-term mindset. The market may or may not beat inflation in a given year, but over time, the market usually crushes inflation. It’s the market’s job to beat inflation.If you keep money in cash or bonds, you would likely lose out to inflation in the long term, even with the interest you made. Not all interest keeps up with inflation.Before slowing your investment activity, ask yourself: are the market changes we’re experiencing outside the scope of what we expect from the market? If the answer is no, keep investing.
 
Useful Links
 
 
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
 
Connect with Tyler Reedman: LinkedIn
 
 
 
Like what you’ve heard…
 
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite

With recent banking collapses and interest rates still at recent highs, understanding the right place for your cash is more important than ever. In this episode, we discuss different options for cash while maximizing its value and protection. We’ll explore alternatives to bank accounts like money market funds and treasury bills.
By comparing various cash management strategies, you'll gain insights into the most effective ways to safeguard your wealth in uncertain times without sacrificing growth potential.

Tune into this episode to also learn: 

Options for how to store your cashHow to maximize your money while maintaining a cash positionPros and cons of money market accounts and treasury bonds
 
What we discussed

(00:31) Should you keep physical cash?
(02:50) Is your money safe at a bank?
(03:54) Are treasury bonds worth it?
(07:47) What are money market mutual funds 
(11:05) The best bang for your buck 


3 Things To Remember 

Inflation risk is real; holding physical cash leads to loss of purchasing power over time.If you sell your bond before maturity, you might lose money due to interest rate fluctuations. If rates rise after you buy the bond, newer bonds would typically offer higher returns, making your older, lower-yielding bond less attractive. Consequently, the value of your bond decreases, and selling it before maturity could result in a loss.Bond funds can be a simpler way to invest in debt instruments, balancing stocks in a portfolio.


Useful Links

How to purchase treasury bills: Treasurydirect.gov 

Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

Connect with Tyler Reedman: LinkedIn 



Like what you’ve heard…

Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite

Summary
You’ve probably clicked on an article or watched a video predicting how the stock market will perform - but are they ever right? We examine some predictions from top financial institutions like Goldman Sachs, JP Morgan, and Bank of America for 2022 and how they actually turned out and discuss whether it ever makes sense to make investment decisions based on predictions or forecasts.
Tune into this episode to also learn:
●       Why stock market predictions are (almost) always wrong
●       How recency bias affects financial forecasts  
●       How using market performance predictions to guide your investing can derail your finances
What we discussed
(00:31) 2022 stock market predictions vs. reality
(04:11) How inflation is affecting 2023 stock market predictions
(05:43) Why you should ignore market projections
(09:25) How stock market predictions can cause permanent damage
3 Things To Remember
Recency bias makes it very difficult to accurately predict the future. Even the largest financial institutions don’t predict market performance well. For 2022, most financial institutions were at least 25% off. A recession can happen, but it doesn’t mean you have to change how you invest. Sure, it’s uncomfortable, but statistics tell us that markets are down 1 every 4 years. Your emotions will shift between a fear of realizing loss and a fear of missing out. Recent events will skew that shift. Recency bias is one of the strongest biases that come with investing.

Useful Links
Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn
Connect with Tyler Reedman: LinkedIn
Like what you’ve heard…
Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite
Memorable moments:
Why we seek stock market predictions:
(05:14) “When we don't fully understand something or we don't fully have a feeling like we can handle this on our own, we look for someone who has it all figured out. It's part of our biology, it's part of our physiology, and the way our brains work. We want to anchor to someone that has it all figured out.”
(07:55) “It's that constant battle between the fear of realizing loss and the fear of missing out, and it shifts between which one is stronger in our lives.”
Why ignore stock market predictions:
(06:13) “ no matter what you're watching on the news or reading online, you have to remember whoever wrote that piece, whoever's hosting that show or putting on that podcast or whatever, they don't know your personal situation. They don't know where your goals are for your money. They don't know what your time horizons are for your investments. They have no idea. They're just putting information out there trying to get eyeballs.”
(07:19) “Statistics tell us the market's gonna be down 1 every 4 years, so you just have to be willing to stay in it and let it do its thing.”
(09:05) “When somebody goes on...

It can be quite tempting to pick a fast and inexpensive car or home insurance provider online and call it a day…but, what are the risks? We discuss what your car or home insurance should cover, so it doesn't cost you down the line and end up being an expensive mistake. Shayna Carnevale from Comparion Insurance joins us to shed light on what really makes up safe and legitimate auto insurance and homeowner’s insurance. 
Tune into this episode to also learn: 
What your car and home insurance should cover What you might misunderstand about car and home insurance policies Why not to buy car and home insurance online
 
What we discussed
(00:36) Protecting your home and car
(01:23) Cheap car insurance: what’s the catch?
(03:40) What’s an umbrella insurance policy? OR Insurance you need if you have more than $500K
(05:38) Danger of buying your home insurance online 
(09:30) Why compare different insurance providers (Comparion Insurance Agency) 
(12:11) How to reach Shayna Carnevale

3 Things To Remember 

To determine how much car insurance is enough ask yourself: how much money can I stand to lose in a lawsuit? A large car-related lawsuit can push you to lose your home if you have coverage that’s too low, so it’s important not to just select the cheapest car insurance option

One of the main coverages your homeowner's insurance needs to have is a large sum of money allocated for the rebuild of your home in the unfortunate event of a total loss. This will be the largest amount in your policy, if you read through the declarations page of your policy this number will jump at you. 

The rebuild estimate of your home is not the same as the market value of your property. 

Useful Links

Connect with Shayna Carnevale:   Shayna.carnevale@comparioninsurance.com  | https://www.comparioninsurance.com/ 

Connect with Jason Gabrieli: jgabrieli@HFMadvisors.com | LinkedIn

Connect with Tyler Reedman: treedman@hfmadvisors.com | LinkedIn



Like what you’ve heard…

Learn more about HFM HERE
Schedule time to speak with us HERE
Check out our Financial Wellness Program – HFM Ignite