Beyond the Hype: The Realities of Rental Property Investments
In the latest episode of "Jack of All Trades" on YouTube, host Jake Nuno pulls back the curtain on the booming trend of passive income from rental properties. As more young professionals eye real estate for quick financial gains, Jake delves deep into the nuances and unexpected challenges, drawing from his own venture into the rental market. From the allure of positive cash flows to the hidden expenses that can quickly erode profits, this episode is a must-watch for anyone considering an investment in rental properties. As Jake navigates the realities of property management fees, unforeseen repairs, and changing mortgage rates, viewers gain an invaluable perspective on whether rental properties are the golden opportunity they appear to be. Don't miss his insights and tune in for tips on smart budgeting for property purchases!
Is a Housing Bust Coming?
A Houston-based landlord has reduced their portfolio of rental units from 7,000 to 3,000 in a relatively short period of time. This raises the question of whether this is indicative of a larger problem. Tune in to Jake and Kirk's discussion to learn more
Living Single and Maximizing Your Money
What can you do to maximizing your money and financial future if you are single? There are many tax advantages as well as planning advantages to having two incoomes. Today Jake and Kirk discuss single life and how to improve your finances.
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They’ve Made a Deal: Debt Ceiling and the Market’s Reactions
The Debt ceiling has been raised and you’ll likely have to make some changes to your financial planning.
On this episode we have added a new segment: Money Monologue with Jake Nuno. He will teach a financial concept each week in a short talk. This week he will discuss how media effects your financial biases.
Financial Literacy for Kids
Jake and Kirk believe in the power of financial literacy in building happy and fulfilled lives. On this episode they discuss some methods and techniques for teaching children about financial literacy at a young age. They break this down into ages as young as 6 years old and on up to high school age.
Prefer to listen? Try us on Spotify: https://open.spotify.com/show/79G98N8d8Ur7DVcC6uQxPs?si=6b3435fa9c5d439b
Hey Small Businesses, Did your Tax Bill SHOCK You?
Hey Small Businesses, Did your Tax Bill SHOCK You?
Unfortunately, many small businesses with surprised on April 18th, Tax Day, when they discovered some hefty additional taxes. For 2022, it may be too late to alter your taxes (though you should speak to a tax professional to make certain). However, these tax changes can affect you for 2023. You should be taking steps to reduce your tax burden during the year. On this episode Jake and Kirk discuss some of these steps you can take and plans you can make for 2023.
Prefer to listen? Try us on Spotify: https://open.spotify.com/show/79G98N8d8Ur7DVcC6uQxPs?si=6b3435fa9c5d439b
5 Steps to Take in a Banking Crisis
Jake and Kirk discuss the banking crisis and give 5 specific steps to consider amidst this particular crisis and other potential ones in the future.
Life Insurance through work?
Life Insurance through work?
How can you know if the life insurance through your work is sufficient for your needs? On this episode Jake and Kirk discuss ways to think through what is a proper life insurance for you. This of course differs for everyone. But there are helpful principles.
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Guest Interview: Yuri Elkaim--Health, Business and Finances
Yuri Elkaim: Health, Business and Finances
On this episode Jake and Kirk talk to Yuri Elkaim, a best selling author and business coach. Yuri was a professional soccer player who became a bestselling author by simplifying the complexities of health choices. We discuss his unique journey as well as his methods for business and financial success.
Prefer to listen? Try us on Spotify: https://open.spotify.com/show/79G98N8d8Ur7DVcC6uQxPs?si=6b3435fa9c5d439b
The housing market is changing and so did Kirk’s perspective on homeownership. On previous shows Kirk discussed his reasons for not buying a house. Despite the rise in interest rates, he was able to buy a home. On this episode Jake and Kirk discuss the ins and outs of the home buying process as well as who was on the team to help Kirk accomplish this.
Special Shout out to Kirk's Team:
Jake Nuno - Financial Advisor
Laura Powell - Real Estate Agent at All City Real Estate
Dani Rudd - Loan Officer Legacy Mutual Mortgage
The Team at Texas National Title
Hillary Romero - Real Estate advisor
These Five Retirement Plans Often Fall Apart!
There are 5 big mistakes that retirees make that can easily derail their plans.
Are we in a Banking Crisis?
Are we in a Banking Crisis?
With the failure of Silicon Valley Bank (SVB) and Signature Bank, many people are preparing for the worst. On this episode Jake and Kirk discuss exactly what occurred on March 10th, and since then. They break down this particular crisis as well as explain how this effects your wallet.
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Risk Tolerance Tools Are insufficient!
Risk Tolerance Tools Are insufficient!
When attempting to figure out your risk tolerance towards financial investments, the generic tools and calculators and quizzes available, while helpful, are not enough. In order to really understand your risk tolerance you need this one critical thing.
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Emergency Savings Changes in Secure Act 2.0
This act is the largest retirement reform in the history of America. Here we dig into a newly implemented rule to your 401k savings. “Most people won’t save money unless their employer somehow does it for them in the form of a payroll deduction.” - Suze Orman. This viewpoint from financial planners is what has led to a small but very significant change to how your 401ks will now work.
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35% of Millionaires feel they don’t have enough for retirement!
35% of Millionaires feel they don’t have enough for retirement!
On this episode Jake and Kirk discuss one of the most basic retirement planning “rules of thumb,” The 4% rule. Is it time to change that rule?
Secure Act 2.0: Changes to 401ks
Secure Act 2.0: Changes to 401ks
Some of the early implementations of this massive new bill, Secure Act 2.0, are already taking affect. On this episode Jake and Kirk discuss the changes to your 401k. This will be a good overview to help you strategize with your financial planner regarding your retirement plan.
Prefer to listen? Try us on Spotify: https://open.spotify.com/show/79G98N8d8Ur7DVcC6uQxPs?si=6b3435fa9c5d439b
Don’t Wait till retirement to Travel!
A recent survey found that most Americans still believe in waiting till retirement to travel more. On the show Jake and Kirk discuss this issue and some ways to make travelling before retirement a priority.
No Student Loan Forgiveness for You!
No Student Loan Forgiveness for You!
In previous episodes Jake and Kirk discussed the possibility of student loan forgiveness and what it might look like. As of now there seems to be no possibility of student loan forgiveness occurring in the near future. What now?
Secure Act 2.0 Overview
Secure Act 2.0 Overview
Over the next several weeks Jake and Kirk will be discussing the largest legislative changes to retirement in American history. We will discuss changes to RMDs, 529s, Rollovers, 401ks, 401k Savings, IRAs, Roths, Roth 401ks and much much more. These changes will not take effect immediately. However, we will be explaining the changes to better help you understand what is happening to your retirement plans. If you have any questions please email Jake@youandifinancial. We will cover your questions on the show.
Prefer to listen? Try us on Spotify: https://open.spotify.com/show/79G98N8d8Ur7DVcC6uQxPs?si=6b3435fa9c5d439b