The Logan Allec Show

The Logan Allec Show

Let's thrive together! The Logan Allec Show provides straight answers to financial questions and the latest updates that affect YOUR pocketbook.

Episodes

September 16, 2021 18 min

My brother Tim just graduated from high school this summer, so I thought I'd put together a video sharing my top 7 financial tips for new high school graduates.  I cover things like student loans, living at home, budgeting, side hustles, setting up a savings account and a Roth IRA, credit cards, and more!

👇 Other Videos Mentioned:
- How to Build a Budget in 5 Steps: https://youtu.be/JPwTAVgMVSg
- Getting Started on YouTube...

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Investing in real estate can be a great move, but does it really save you on taxes?  You hear a lot about real estate tax benefits like depreciation, amortization, and cost segregation, but what do these mean to the average part-time rental property investor?  Find out about real estate tax benefits and what they mean to your tax situation in this episode!

➡️ My FAVORITE Passive Income Idea: https://youtu.be/qe7MWhx-e1A
➡️ Don't ...

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Roth IRAs are a great way to invest with tax-free growth, but with a tax benefit this good, there are definitely some pitfalls to watch out for.  In this episode I break down 15 of the worst IRA mistakes I've seen as a CPA.  Whether it's contributing too much to a Roth or not understanding the backdoor Roth IRA rules correctly (including the pro-rata rule), you definitely want to avoid these Roth IRA blunders to maximize yo...

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August 27, 2021 10 min

When people talk about saving money by budgeting, they're usually talking about finding ways to cut your expenses.  This means looking for things that you spend money on that you really don’t need to.  But in fact there are some things where I would say that you should fight the impulse to save and just go ahead and spend the money. Yes it’s an expense, yes it’s going to hurt your bank account today, but sometimes you’re going ...

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Last week, Chase rolled out HUGE changes to its Chase Sapphire Preferred and Chase Sapphire Reserve cards.  These changes could definitely change the calculus of which of these cards is better for you, and in this video I break down all the changes and what they could possibly mean for your credit card strategy.  Click SHOW MORE to see my card links! 👇
➡️ My Chase Sapphire Preferred Link: http://go.moneydoneright.com/Chase-S...

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In this Amex Gold Card Review for 2021, I go over the features of the American Express Gold Card (or lack thereof), its fees and rewards, its pros and cons, and more!  I also walk through two examples of kinds of people or situations where this card might be a good fit along with two kinds of people or situations where I’d probably recommend you get another card. 

Click SHOW MORE to see my card links! 👇
➡️ My AmEx Gold Link:...

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In this episode, I compare the Chase Sapphire Reserve vs. the Chase Sapphire Preferred.  These are two popular Chase credit cards that I've done separate reviews for here on the channel (links to my separate reviews are below).  Click SHOW MORE to see my card links! 👇
➡️ My Chase Sapphire Reserve Link: http://go.moneydoneright.com/Chase-Sa...
➡️ My Chase Sapphire Preferred: http://go.moneydoneright.com/Chase-Sa...

DISCLAIM...

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In this episode I explain what an LLC is, how an LLC compares to other kinds of entities you can form, whether or not an LLC will give you tax benefits, and the pros and cons of LLCs. ➡️ My $1,000/Hour Side Hustle: https://youtu.be/qe7MWhx-e1A

➡️ My Namecheap Link for Domain Names: http://go.moneydoneright.com/Namecheap

➡️ Our Family Vlog: https://youtube.com/TheAllecFamily


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Today I am talking about filing previous years' taxes, also known as back taxes.  I tell you how to file your back taxes step-by-step, how many years back you can (and possibly should) file your back taxes, and more!  ➡️ Email backtaxes@loganallec.com to get help with filing your back tax returns!

There are many consequences to not filing your tax return, and it's generally in your best interest to file your back taxes a...

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If you've already spent money, you might as well make the most of it!  In this episode I go over 8 ways to save money you've already spent.

IRS Tax Relief:
➡️ Do you need to file old tax returns?  Email me at taxrelief@loganallec.com.

If you have good credit, check out my $1,000/hour side hustle:
➡️  https://youtu.be/qe7MWhx-e1A

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Selling tradelines is the practice of making money by adding authorized users to your credit cards.  I personally sell tradelines and make over $1,000 every month, and it takes me less than an hour of my time. 

➡️➡️➡️ Get a FREE QUOTE from my broker by emailing me at tradelines@loganallec.com and letting me know in your email:
- what year you opened each of your cards
- the credit limit for each of your cards.

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In this Betterment review for the year 2021, I cover everything you need to know about the popular Betterment investing platform.  I'll give you a complete Betterment walkthrough in this video, covering how to set up a Betterment account, the Betterment portfolios, the Betterment fees, and more.  I'll also give you the Betterment pros and cons and tell you what kinds of people Betterment is good for and what kinds of people...

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The advance payments of the 2021 Child Tax Credit begin today!? Have you received yours yet?

IRS Tax Relief:
?? Do you need to file old tax returns?? Email me at taxrelief@loganallec.com.


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In today's episode, I share with you the IRS's most recent update (from today, June 13) on the $10,200 unemployment exclusion adjustment.

IRS Tax Relief:
➡️ Do you need to file old tax returns?  Email me at taxrelief@loganallec.com.


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Making money from home is a dream for many.  And survey sites often capitalize on this dream.  So in this Swagbucks Review for 2021 I take an hour of my time to take surveys on Swagbucks and tell you EXACTLY how much I made. 

So is Swagbucks legit?  Is Swagbucks worth it?  How much can you make with Swagbucks?  Those are the questions I answer in this episode!

➡️ My Swagbucks Link (But Please Watch At Least the End of the Video to S...

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In today's episode, I talk about how you can now update direct deposit information in the Child Tax Credit Update Portal.

➡️ IRS Child Tax Credit Update Portal: https://www.irs.gov/credits-deduction...

➡️ The 2021 Child Tax Credit Explained: https://youtu.be/4G6UrFdMKmo

➡️ Child Tax Credit Update Portal Walkthrough: https://youtu.be/JLi9jUNmdaA

➡️ Q&A on Unenrolling From Advance Child Tax Credit Payments: https://youtu.be/effmJ...

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In this Motley Fool Stock Advisor Review for 2021, I go over my thoughts on The Motley Fool, whether The Motley Fool is worth it in my opinion, the performance of The Motley Fool Stock Advisor picks over the period of a few months, and The Motley Fool pros and cons.

➡️ My Motley Fool Stock Advisor Link: http://go.moneydoneright.com/MotleyFo...

➡️ When I Invested $11,000 Into Motley Fool Stocks: https://youtu.be/Peeg4UV6uzU

➡️ Do you n...

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In today's episode, I go over unenrolling from the advance 2021 Child Tax Credit payments to parents: why someone would want to do it and what the deadlines are.

Back Tax Returns:
➡️ Do you need to file tax returns for previous years?  Email me at taxes@loganallec.com.

IRS Tax Relief:
➡️ Do you owe the IRS more than $10,000 in back taxes?  Email me at taxrelief@loganallec.com and let me know how much you owe by year.

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In today's episode, I go over the two new tools the IRS released today pertaining to the Child Tax Credit: the Child Tax Credit Eligibility Assistant and the Child Tax Credit Update Portal!

IRS Tax Relief:
➡️ Do you owe the IRS more than $10,000 in back taxes?  Email me at taxrelief@loganallec.com and let me know how much you owe by year.



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Rich Dad, Poor Dad by Robert Kiyosaki has become a go-to book for many would-be business owners and entrepreneurs.  I actually read this book as a teenager, and I believe it has its pros and cons.  In this Rich Dad, Poor Dad review I tell you three things I love about Rich Dad, Poor Dad and three things I hate.

Rich Dad, Poor Dad Book:
➡️ https://amzn.to/3xJRNV3

IRS Tax Relief:
➡️ Do you owe the IRS more than $10,000 in back taxes?  Em...

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