Simple Money Wins

Simple Money Wins

Earn and grow your money more easily. With Anthony Park.... Show More

Episodes

We’re explaining a common situation for our probate clients. This will save you a phone call or some emails with us or your lawyer. For everyone else, this gives you a little window into the probate process for your own estate planning We'll cover: What does “expired letters” mean? Examples of when you’ll run into this How to get “fresh” letters Why do letters expire? Lastly, I’ll tell you about the one exception, where letters r... Read more

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August 20, 2019 15 min

This is a free, easy solution to improve your sleep, happiness, and overall health. No, I’m not exaggerating. That’s how much avoiding bad news improves your health. Today we’ll discuss: Why it’s bad for you Worst types of bad news What to do, generally How to consume news media How to do social media And lastly, I’ll share the most ruthless step to stop bad news. ========== READ Pick up my books on personal finance, probate, and... Read more

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Usually 10-20% home buys close without a realtor. So it's not quite rare, but not usual either. If you’re thinking about that route, we cover the risk and possible drawbacks you should consider. Today we’ll cover how buying without a realtor may effect: Sellers not taking you as seriously Choosing the right neighborhood Negotiations The Mortgage process All the paperwork Lastly, I’ll bust 3 common myths about buying a home withou... Read more

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August 13, 2019 17 min

Doesn’t it feel like more and more things in life are free? I’m not talking about food samples in the mall, but the big things in life: food, housing, even income. You need to be aware of these big changes, to make sure your taking full advantage Today we’ll discuss: History of free stuff Student loans Free college Universal basic income And lastly, I talk about what’s driving all this (hint: it’s not government) ========== READ ... Read more

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I understand it’s hard to get organized when someone has died. But as a professional executor for hundreds of families, I’ve seen how important it is to avoid legal, tax, and most importantly family problems. Today we’ll cover: 6 things to do immediately 7 things to do within first week 2 things to do within month 5 things to do AFTER choose lawyer and executor Lastly, I’ll share 3 power tips on how even following these steps may n... Read more

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Personally, I’m not quite at “never,” but I’m working hard to get there. And each day I get closer to “never”, I feel healthier, happier, younger, and more energy If those are feeling you enjoy, let’s talk about how saying “no” can help. Today we’ll discuss: Why we do things we don’t want to Energy drain Resentments Opportunity cost How to change your philosophy And lastly, I talk about the big important exception ========== READ... Read more

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Stocks are your piece of the US economy, and can represent years or decades of patient compounding. You it’s probably really important to you what happens to your hard earned investments when you pass away. It mostly depends on how you own your stocks. We’ll cover what happens to your stock when you die: With a trust With named beneficiaries With a will With no plan And lastly, we’ll explain why the speed of these different choic... Read more

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Average closing cost nationally = $11,250 Average closing cost in NYC = $50,000 These are big stakes. Finding savings here could cover your moving costs, renovation, or an awesome vacation (or buy some bitcoin). We’ll cover: Comparison shop mortgages Ask the bank to waive, discount, and rebate Roll closing costs into your mortgage (Bad idea!) Ask for a seller concession Lastly, I’ll share the big needle-moving technique that not ... Read more

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Will you burden your kids with your debt when you die? Not a great legacy. We’ll cover all the ins and outs of debt and death. Today we’ll cover: When heirs do NOT inherit debt Some exceptions Why debt collectors keep calling heirs Lastly, I’ll explain how your heirs can turn the table and actually increase their inheritance. ========== READ Pick up my books on personal finance, probate, and executors. Reviews always apprecia... Read more

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July 23, 2019 13 min

Whether you’re “disciplined” with money, or cash just flows through your pocket, don’t worry: As long as you know yourself, you can set up systems for your success.   First, we’ll have a fun little quiz so we can know ourselves, our habits, etc.   Then, we’ll talk about some systems to help folks save without willpower.   And lastly, our bonus tip: one type of forced savings you should avoid. ========== READ Pick up my books on per... Read more

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July 18, 2019 15 min

How do you approach saving for retirement? Some people focus on earning more, while others on spending less (not mutually exclusive, by the way). Then there are the frugals. The Frugal/minimalist movement is at the very end of the spectrum of cost-consciousness, bordering on a monk-like existence. Let’s talk about 3 common rationales for frugality, and then 3 reasons why this is dangerously limited thinking (the last reason is the ... Read more

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Lately, I’ve read a lot about owning artwork to diversify your assets. This may be a good idea as an investment, but as an Executor, we’ll share with you 5 reasons it’s very hard to sell or liquidate artwork, especially in probate. And at the end, we’ll share 2 tips on how to make selling art in probate a little bit easier. ========== READ Pick up my books on personal finance, probate, and executors. Reviews always appreciated! ===... Read more

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Rich people don’t do chores, they outsource. And you should, too.   Let’s talk about how you should decide what to outsource, and what to do yourself   Then we’ll rundown a list of the tasks you can outsource today, from household chores, to business tasks, to personal finance items.   Finally, we’ll talk about next-level, outsourcing of the future. Links: https://nav.al/hourly-rate https://www.forbes.com/sites/hbsworkingknowledge... Read more

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July 10, 2019 10 min

If you want “more money,” for most people the easiest step is to get paid at work. Getting paid your what you’re worth at your 9-5 should be your first “side hustle.”   We’ll talk about: Why folks get underpaid How to find salary data And lastly, fun examples of AP and JF’s market salaries Links: https://www.glassdoor.com/Salaries/index.htm ========== “How Probate Works” on Amazon https://amzn.to/2Eld2DF   “How to Buy Your Perfec... Read more

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Do you want to know if your reasons for not saving for retirement are good enough? We’ll talk about the 4 reasons why folks don’t save for retirement, and the pros and cons of each. At the end, Janice and I will share which of these we think are valid (at least sometimes). Links: https://www.investopedia.com/ask/answers/102814/what-maximum-i-can-receive-my-social-security-retirement-benefit.asp ========== “How Probate Works” on Am... Read more

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“...though I would have made far more money had I instead rented and used the purchase money to buy stocks," Warren Buffett Links: https://www.businessinsider.com/real-estate-vs-stock-market-investment-2018-9 https://www.thebalance.com/real-estate-vs-stocks-which-is-the-better-investment-357992 https://momvesting.com/content/keeping-joneses-tale-about-house-poor-life ========== “How Probate Works” on Amazon https://amzn.to/2Eld2... Read more

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“All things considered, the third best investment I ever made was the purchase of my home…” Warren Buffet Links: https://www.thebalance.com/real-estate-vs-stocks-which-is-the-better-investment-357992 https://www.cnbc.com/2017/03/06/heres-why-warren-buffett-thinks-you-should-buy-a-home.html https://www.cnbc.com/2017/11/16/homeownership-doesnt-build-wealth-study-finds.html ========== “How Probate Works” on Amazon https://amzn.to/2... Read more

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Put your money in index funds, not mutual funds. Here are the 3 key differences between them, and what it mean for you and your retirement money. Links: https://www.nerdwallet.com/blog/investing/index-funds-vs-mutual-funds-the-differences-that-matter-most-to-investors/ ========== “How Probate Works” on Amazon https://amzn.to/2Eld2DF “How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9 All my books at https://www.... Read more

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Thought experiment: is it better to spend $100,000 towards paying for your kid’s college education, or using that $100,000 to seed their IRA? ========== “How Probate Works” on Amazon https://amzn.to/2Eld2DF “How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9 All my books at https://www.amazon.com/-/e/B07KY2JDGR Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1 ======... Read more

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I’ve been executor for hundreds of estates, and there’s NEVER been an “easy” estate. I can only imagine how hard it must be for grieving family. It’s easy to see why outsourcing/delegating executorship to professionals will be a big thing very soon. Links: https://www.newyorkprobatelawyerblog.com/new-york-administrators-and-ex/ http://disinherited.com/executortrustee-must-decide-not-delegate/ https://www.theglobeandmail.com/glob... Read more

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