The old Chinese proverb is something along the lines of "The best time to plant a tree was 20 years ago, but the second-best time is now." The same could be said when it comes to investing. Season one of the More Than Money podcast wraps up with one of the simplest, yet most important investing lessons out there. Start early! Have you enjoyed these quick investment lessons from Season One? Leave us a review or follow the Sqwire team on social media and let us know!  Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business. *This episode does not constitute financial advice and is for informational and educational purposes only.

Making Your Money Work

The Most Important Investing Lesson: Start Early

One of the most common questions that we get is “what is the difference between Roth and regular 401ks?” and “how do I determine which I want?” As more companies offer their employees the choice between a Roth and Regular 401k as a part of their benefits package we thought it was time to break down the difference between the two. 0:49 The question that determines what you should choose between a Roth and Regular 401ks 1:30 How Roth and Regular 401ks are similar 2:23 How Roth and Regular 401ks are different 3:14 Pre-tax accounts and planning retirement 4:03 Things to consider when determining how taxes will impact your money in retirement 4:58 Making the decision between Roth and Regular Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business. *This episode does not constitute financial advice and is for informational and educational purposes only.

The Difference Between a Roth and Regular 401k

“Sometimes people are reluctant to start investing and a 401k is perhaps the simplest way to just get started because all the work is done for you by your company.” The days of companies offering pensions are seemingly gone, but the era of 401ks is here. If your company offers a 401k account, you were probably handed a stack of papers about it when you filled out the rest of your orientation paperwork. Did you take time to read through them? Are you taking advantage of the opportunity your company provided you with? If you are pat yourself on the back. If you aren't there's still plenty of time to get yourself signed up and  This week Casey and Danijel chat 401ks, why Casey loves them, and how you’re losing money if you’re not taking advantage of the 401K you're being offered. 0:49 What’s to like about a 401k 1:44 Contributing to a 401k is investing too 3:07 Free money aka company match 4:21 How valuable is a 401k? Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business. *This episode does not constitute financial advice and is for informational and educational purposes only.

The Importance of Taking Advantage of Your Company's 401k

The rule of 72 might seem a little confusing at first, but once you’ve got it down it is actually pretty simple. When you apply it correctly it will tell you how long it will take you to double your money with your current investment (or how long it will take for that credit card bill to double… yikes). Casey and Danijel explain how the Rule of 72 works and how you can use it. 0:28 How does the Rule of 72 work 0:40 Rule of 72 math 1:21 Calculating the deterioration of your money 1:47 Calculating Investment fees 2:11 Rule of 72 and interest 2:53 Reversing the formula Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business. *This episode does not constitute financial advice and is for informational and educational purposes only.

How to Double Your Money (or cut it in half)- The Rule of 72

By definition “SIPC protects against the loss of cash and securities- such as stocks and bond- held by a customer at a financially-troubled SIPC-member brokerage firm.” If you’re an investor there are a few things you need to make sure you know about SIPC insurance as you go about your investing journey. Casey Halliley joins Danijel to break down what every investor needs to know about SIPC insurance. 0:20 Brief Overview of SIPC Insurance 0:41 How does SIPC Coverage Work? 1:19 Coverage limits 1:36 SIPC vs FDIC 2:13 Maintaining Faith in the Financial System 2:33 Does SIPC protect me against market fluctuations 3:20 Protecting Yourself with Over $500,000 4:21 History of SIPC Claims 5:04 Tips for Protecting Yourself More on SIPC  Connect with the Sqwire Team and learn how financial wellness can positively impact your day-to-day life and business. *This episode does not constitute financial advice and is for informational and educational purposes only.

What Every Investor Should Know About SIPC Coverage

What if you had an “extra” paycheck just show up in your bank account one month? How would you use that extra money? You could put an extra payment towards debt, you could put it in your rainy day fund, or simply buy that new thing you’ve been wanting. In 2021 if you’re lucky (or get paid bi-weekly) you could be getting an “extra” check on a few occasions. As we wrap up 2020 on the More Than Money podcast Casey digs into how some people might seem like they’re getting “extra” paychecks on more than one occasion in 2021. As you set your financial goals for send us a note and let us know! Leave a five-star review and let us know what your goal is and one topic you you want us to cover on an episode and we will read it on air! *This episode does not constitute financial advice and is for informational and educational purposes only.

How to Take Advantage of "Extra" Paychecks in 2021

When you meet with a financial advisory for the first time you're probably going to have a laundry list of questions to ask. But there's one question that is more important than others. Are they a fiduciary? Before we can dig into why this question is important you need to understand what a fiduciary is.   Casey Halliley breaks that down in the sixth edition of the More Than Money podcast.

The Most Important Question to Ask Your Financial Advisor: Fiduciaries

You just decided it’s time to start investing your money but you don’t know what type of account to start with. You've been handed what looks like a menu of options and immediately you regret your decision. It doesn't need to be this way! Don’t get intimidated by all the choices, just take a few minutes to understand what you are looking for. Casey Halliley is back to break down some of the most popular types of accounts and what you might want to look into! Episode Breakdown: 1:25 What are the different types of accounts 1:56 IRAs 3:46 Joint and Individual accounts 4:15 Pre vs post tax 4:44 Rollover accounts 5:44 Investment restrictions 6:40 Business accounts 7:15 Final thoughts *This episode does not constitute financial advice and is for informational and educational purposes only.

Understanding Different Types of Investment Accounts

Robo Advisors. They seem to be everywhere these days. From TV ads to your social media to your annoying cousin who keeps talking about the latest stock he bought and what it’s doing (we all have that one person who does that but actually has no idea what they’re doing). If you’re trying to understand just how these work you’ve come to the right place.   Casey Halliley is back to break robo advisor’s down in quick fashion to help you out! Episode Breakdown: 0:33 What is a Robo advisor? 1:15 How do you use a robo advisor? 2:47 What are the different types of robo advisors? 4:51 Are robo advisors safe? 5:41 Who are they good for? *This episode does not constitute financial advice and is for informational and educational purposes only. 

What are Robo Advisors and is one right for me?

If you’ve waded into the world of buying and trading stocks it’s a very good chance that you’ve come across the term ETF. ETF stands for Exchange traded funds. But what exactly does that mean? Simple answer, it’s like a basket of stocks. But don’t get confused because there are indexes and index funds. Seem confusing? Casey Halliley is back to break ETFs down in quick fashion to help you out! Episode Breakdown: 0:25 What does ETF stand for? 0:39 The difference between an index and an index fund 1:39 What doe ETFs track 2:19 Simple answer to “What is an ETF?” 2:32 ETF vs Mutual Funds 4:10 Are ETFs cost effective? 4:46 Pros and cons of ETFS 6:20 ETF fun facts Is there a topic you’re trying to learn more about that you want Casey and Danijel to cover? Send us a message on your favorite social media @SqwireLife. Looking to learn more about the impact customizable financial wellness programs can have on your company? Get in touch with the Sqwire team here.

What is an ETF?

The IRS recently announced the contribution limits for IRAs in 2021 are staying flat at $6,000. Before you can start to understand what that means though you need to make sure you know what an IRA is and the different types. 0:50 - Understanding an IRA? 1:45- Roth vs. Traditional IRAs 2:00- Contribution Limit for 2021 2:23-What does the contribution limit mean 2:49 - Catch up contributions 3:06- How often do limit increases occur 3:33- Who can contribute to an IRA? 5:02-Three quick tips to consider Is there a topic you’re trying to learn more about that you want Casey and Danijel to cover? Send us a message on your favorite social media @SqwireLife. Looking to learn more about the impact customizable financial wellness programs can have on your company? Get in touch with the Sqwire team here.

Understanding IRA Contribution Limits for 2021

“You should start buying stocks.” “Stocks are a great way to grow your wealth.” “I made (fill in the blank) last week when I sold that stock.” These are all things we’ve heard people say. With investing becoming more and more accessible each day due to apps like Robinhood and Acorns it’s important to understand how the stock market works and what you’re doing before you start investing. Sqwire VP of Finacial Education Casey Halliley joins host Danijel Velicki to break down just how the stock market works in rapid fashion. 0:34- What is a stock? 0:48- How do you make or lose money with stocks? 1:52- What is a dividend and how often is it paid? 2:04-Stock tickers 3:00 - Three ways stocks are grouped 5:29- Stock exchanges 6:25- Understanding Indexes Is there a topic you’re trying to learn more about that you want Casey and Danijel to cover? Send us a message on your favorite social media @SqwireLife. Looking to learn more about the impact customizable financial wellness programs can have on your company? Get in touch with the Sqwire team here.

What is the Stock Market and how does it work?

Nancy Badillo spent the last 11-years working in digital marketing before diving into Etsy four years ago as a part of building a case-study. After a few stumbles early on Nancy was able to turn those experiences and knowledge into a stream of passive income from six different Etsy shops, as well as a career helping others launch and navigate their own Etsy shops.  Nancy joined the podcast to wrap up Season 1 to share what she learned from her experiences, how you can avoid making the same mistakes she did, and tips for creating your own passive income through Etsy. Connect with Nancy:  Blog: https://nancybadillo.com/ Email: info@nancybadillo.com Art Printables Etsy Course: http://bit.ly/2vUzHoO

Build An Etsy Empire | Nancy Badillo

The word legacy is defined as either " a gift of property, especially personal property, as money, by will; a bequest," or "anything handed down from the past, as from an ancestor or predecessor." When we think about what we want our legacy to be the first thought most people have is something along the lines of preparing their children and grandchildren to live a better life than they have had. But what steps are you taking to leave this type of legacy? Sam Knickerbocker focuses on "21st century financial strategies focused on helping establish a legacy of meaning."  In this episode with Sam we dive into his up-bringing, the relationship he had with money, how that changed, and much more about the habits, mindsets, and behaviors surrounding money.  Connect with Sam:  https://samknickerbocker.com/

Building Your Financial Legacy | Sam Knickerbocker

We live in a digital era where someone's first action when looking to learn more about a topic is to search on Google or social media. That means a website is often a first impression that dictates whether or not someone wants to do business or learn from you and your company. A bad or confusing website can lead to lost business and a missed opportunity to connect with like minded people.  After starting to build websites as a side hustle, Shannon Mattern was able to quit her 9-5 and turn her side hustle into a full-time job. Mattern teaches soloprenuers how to build and maximize their websites as well as marketing their brand without spending thousands or even hundreds of dollars. Shannon talks about her path from side hustle to full-time, best practices for marketing and website building, as well as making valuable connections and how to bring value on both sides of that relationship. Connect with Shannon: https://shannonmattern.com/

Building Websites and Marketing Yourself on a Tight Budget | Shannon Mattern

Making Your Money Work brings you conversations, tips, and other information about how you can make your money work for you. Conversations with experts in different financial fields are aimed to help educate you on the topics that seem the scariest. Sqwire aims to provide you with the content and information you need in one location so you can make the decisions you need to in order to live the life you want both today and tomorrow Twitter.com/getsqwire Instagram @GetSqwire Facebook.com/getsqwire

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Making Your Money Work

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