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Hosts: Ralph Estep Jr, a licensed public accountant of over 30 years + Juliet, a first-time entrepreneur.
This week was heavy on scams and money habits. Quick recap:
- Three scams to watch: kill switches on subprime auto loans, home equity checks disguised as junk mail, and AI callers targeting new widows and bail-money victims, together costing people millions.
- Two settlements working in your favor: Amazon Prime refunds are jumping to $200, and Amway's own numbers confirm most people lose money on it.
- The real cost of not paying attention: subscriptions run $133 a month higher than people guess, and skipping your 401(k) match means leaving free money behind.
- Big takeaway: unassigned money gets spent by accident, assigned money builds a life on purpose.
- Good to know: kids born 2025 to 2028 get a free $1,000 government account, canceled flights owe you cash not a voucher, and casino ATMs are a trap even at 90% payback.
- Jason stopped by on mortgages, a client's TurboTax story turned into a $10,000 IRS bill, and we closed the week with a poll on who should really pay for Social Security.
Got a money question for me? Send it to us at becomingfinanciallyconfident.com/voicemail.
Or come watch us live every weekday, 11:30 am ET at becomingfinanciallyconfident.com/live.
Have a great weekend, everybody.
Links mentioned this week:
trumpaccounts.gov
Follow us on our socials:
LinkedIn, Facebook Group, Instagram, Skool Community
Companies mentioned this week:
- Amway
- Federal Trade Commission
- Amazon
- U.S. Department of Justice
- Google
- Cash App
- TurboTax
- Internal Revenue Service
- Moneywise
- U.S. Department of Transportation
- Cato Institute