I’m switching gears for a few episodes and we’re going to discuss frugal living. This week I am joined by my friend, Kristine McKinley to discuss the current situation with the US economy. It’s basically a lesson in Economics 101 so we can better understand what the media is making such a fuss about.
We discuss how the media focuses on the negative, how the election year affects our economy and how does this all affect us. Kristine has some great information and explains to us what a recession is. She gives us some great ideas on what we should do now and what we can do to take advantage of the ‘down’ market. She also gives us a heads-up to a potential tax rebate check!
Kristine is a CPA and Certified Financial Planner. You can learn more about Kristine’s financial and tax planning services at her website www.beacon-advisor.com or her blog www.financialtipsforwahms.com.
We also take a moment to discuss Kristine’s new e-book Living Debt Free.
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4 Responses for "The Household Helper #6"
Really? Not headed toward a recession? She says this two days before the Fed’s rate cut on Jan. 30, which followed the 75-basis-point reduction in rates on Jan. 22. Also, “The Fed initiates tax cuts.” Huh? Your guest suggests the media is “focusing on the negative and ignoring the positive.” Really? She apparently knows something the chairman of the Federal Reserve and the world’s top economic minds don’t. Either that or she has a vested interest in getting people to invest even when the economy is souring. That’s about all the financial advice I need from this pecuniary pollyanna.
At first I was not going to respond, however I think this is a great and helpful podcast. I stand behind my show and it’s guests.
Bob, you have mis-quoted my guest. She never said we weren’t headed for a recession, she said we may or may not have one but that we weren’t there yet. And you SHOULD invest when the market is down. (Hello - buy low sell high, doesn’t everyone know that?). AND she never said “The Fed initiates tax cuts”.
Furthermore, the media does focus on the negative - they get their viewers by being dramatic. That’s obvious from watching TV news broadcasts.
Moreover, I do not appreciate your condescending tone or name calling, no matter how clever you may think you are being. For someone that didn’t include his credentials, or link in his comment, your comment can only be counted as an unsubstantiated opinion.
Finally, my guest DOES NOT have “vested interest” in getting people to invest. Kristine is a CFA and CPA, the owner of Beacon Financial Advisors, LLC - a fee-only financial planning and Registered Investment Advisory. Fee-Only financial planners do not sell financial products such as investments and insurance, and do not accept sales commissions.
Bob, I hope you take the time to listen again to the episode. And should you have further comments, with specific references, please feel free to comment again.
What Cara said. The media is so obviously biased it’s pathetic. The free money from the government is a big joke. How many people are going to use it to further their financial goals?
Um…I’m going to use it to further my financial goals
Pecuniary Pollyanna? That is like, the funniest insult I’ve ever heard. It has 20-point scrabble words AND alliteration! Plus when I use the phrase people will be so boggled by the spit flying out of my mouth (didn’t you picture Roger Rabbit saying it too?) they can’t argue with my point!
Loved the podcast, loved the comments. Tres entertaining!
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