Live Richer Podcast with Jaime Catmull

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Do you struggle with taking your life and finances to the next level? Join Jaime Catmull, also known as “Your Money Champion,” as she interviews personalities from all walks of life on what it truly means to “Live Richer.” Each episode contains powerful information to help you grow your personal experience with money and live a better life! read less

How To Build Your Financial Confidence and a Healthy Money Mindset with NFL Star Brandon Copeland
Apr 26 2023
How To Build Your Financial Confidence and a Healthy Money Mindset with NFL Star Brandon Copeland
Despite facing adversity, Brandon Copeland refused to let his dreams slip away. His hard work and determination eventually led him to the NFL - but it didn't stop there. Now, his newfound success has propelled him to inspire others, teaching them the tools he wishes he had known earlier in life. Uncover the unexpected twist in Brandon's story and how it's helping to create new opportunities for everyone.In this episode, Brandon discusses with Jaime how you will be able to:Grasp the vital role financial literacy and self-esteem play in effective decision-making.Harmonize your financial objectives with your individual values and aspirations.Discover valuable resources and connections for enhancing your financial comprehension.Triumph over anxiety, self-doubt, and societal pressures to attain success.Embrace a comprehensive approach to financial education, encompassing mindset and relationships.With a passion for financial literacy and helping others, Brandon has become a powerful advocate for young adults seeking financial empowerment. Through his nonprofit, Beyond the Basics, Inc., Brandon focuses on providing tools and information to those looking to better their financial situation. His ability to connect with others, share his personal experiences, and provide actionable advice makes him the perfect guest for a discussion on overcoming anxiety, self-doubt, and societal expectations.
Taxes on Investments: Expert Filing Tips You Need To Know
Apr 5 2023
Taxes on Investments: Expert Filing Tips You Need To Know
Tune in to the Live Richer Podcast and discover the unexpected twist in the story: Mark Jaeger reveals how you can use knowledge of taxes and investments to take control of your financial future! But be warned - the complexities of the tax landscape may be more daunting than you think...Mark Jaeger, a respected expert in taxes and investments, joins the Live Richer Podcast to share valuable insights on navigating the complexities of tax filing. With years of experience in the field, Mark has honed his understanding of the intricacies involved in managing different types of accounts, investments, and financial transactions. His dedication to helping others make informed decisions allows him to break down complicated tax topics into digestible information for listeners. Mark's unique perspective on tax management stems from his own experiences, ensuring that his advice is both relatable and actionable for those seeking guidance.The resources mentioned in this episode are:Report all income on your taxes, regardless of the amount or the source, to avoid potential penalties and ensure accuracy.Familiarize yourself with the new 1099K form, which is required for reporting sales of goods or services on platforms like eBay and Venmo if you meet certain thresholds.Keep detailed records of all financial transactions, including investments and cryptocurrency transactions, to facilitate accurate tax reporting.Understand the tax implications of different types of investments and accounts, such as taxable versus tax-advantaged accounts and the different tax rates for short-term and long-term capital gains.Consult a tax professional if you have any questions or concerns about your tax situation, especially if you have complex investments or income sources.Consider gifting assets, such as stocks or NFTs, to family members with lower tax rates in order to potentially minimize capital gains taxes, but be aware of the gift tax reporting requirements.Stay informed about upcoming changes to tax regulations, particularly those related to cryptocurrency and digital assets, in order to maintain compliance and avoid penalties.Navigating Tax Implications of Investments and TransactionsTaxes on investments and transactions can often seem complex and daunting for individuals. Knowing the difference between taxable and non-taxable accounts, as well as the various types of investments and associated taxes, is essential for accurate tax filing and avoidance of potential penalties. Understanding tax implications can also help individuals optimize their financial decisions and investment strategies throughout the year. During the conversation, Mark Jaeger shared his insights on taxable and non-taxable accounts, emphasizing the importance of being vigilant with record-keeping for all transactions. He also discussed how various forms of investments, including cryptocurrency, should be reported on taxes. His experience and knowledge highlight the necessity to stay informed and proactive when dealing with investments and transactions to ensure a financially secure future.
Overcome Your Fear of Asking for the Raise You Deserve with Mandi Woodruff-Santos
Mar 8 2023
Overcome Your Fear of Asking for the Raise You Deserve with Mandi Woodruff-Santos
Are you ready to take charge of your career and get the raise you deserve? Learn the secrets to successful salary negotiations here!You will learn the secrets to successful salary negotiations to help you take charge of your career and get the raise you deserve.Mandi Woodruff-Santos is the award-winning cohost of Brown Ambition and founder of the MandiMoney Makers™️, a one-of-a-kind leadership & career coaching community for women of color.Mandi learned that negotiating to get a raise is the key to unlocking wealth. Mandi provides tips on how to tactfully ask for a raise, such as having a discussion with your manager to understand expectations, researching your market value, and taking job interviews to strengthen your network and gain leverage. She also encourages people to surround themselves with positive voices and to take actionable steps every day to reach career goals."When we win financially, don't worry. Everyone else will be just fine."In this episode, you will learn the following:1. How to Turn Your Career into an Engine for Wealth Building: Learn how to strategically approach your career and advance to increase your earnings and build wealth.2. Leveraging Job Interviews to Increase Your Market Value: Discover how to use job interviews to understand your worth in the current job market and get the leverage you need for a raise or promotion.3. Overcoming Fear to Ask for More: Unlearn negative messages that limit your potential and learn how to ask for more and get what you deserve.
Why Not Having a High-Yield Savings Account Can Be a Huge Mistake You're Making
Feb 8 2023
Why Not Having a High-Yield Savings Account Can Be a Huge Mistake You're Making
Wondering how to save money? Discover the top personal finance advice and tips to start building your savings today!"Invest in yourself, keep your money, pay yourself and that's going to help you a lot with reaching your savings goals."Morgan Gray is the senior vice president and head of Bask Bank and also a savings expert. She has helped many people reach their savings goals, including buying a house three years ago. Morgan provides invaluable advice on how to save money and make the most of interest rates.Morgan Gray was on a mission to provide practical personal finance advice and help people save money. She recommended starting small and setting goals, such as the classic 50/30/20 rule; 50% needs, 30% wants, and 20% savings. She also suggested putting savings into a high-yield savings or a certificate of deposit account, as it is a great way to grow money and earn more interest than expected.  Ultimately, Morgan's advice was to start saving, have faith in your savings, and find unique ways to earn rewards.In this episode, Jaime talks with Morgan about the following:1. Getting started with saving by using the 50/30/20 budget rule.2. Learning how to take advantage of high-interest rates in a savings account and lock in rates with a Certificate of Deposit (CD).3. Discovering how to earn airline miles with a savings account and unlock additional rewards.Disclaimer: Bask Bank is a division of Texas Capital Bank. Member FDIC. The views and opinions expressed in this article are those of the author and do not necessarily reflect the views and opinions of Texas Capital Bank.
Investing In the Future: Leveraging Kevin O'Leary & Howard Marks's Advice for Retail Investors
Jan 23 2023
Investing In the Future: Leveraging Kevin O'Leary & Howard Marks's Advice for Retail Investors
Jaime talks with Kevin O'Leary of Shark Tank and Howard Marks about diversifying your investments and experiencing extraordinary returns."Don't fear failure. Particularly if you're an entrepreneur, you are going to fail and I think you get a great lesson from that. But again, what we constantly see over and over again, great companies, great CEOs, great founders, learn how to pivot when the economy changes dramatically."Kevin O'Leary is a successful entrepreneur, investor, host and shark from CNBC's Shark Tank, and Howard Marks is the cofounder of Start Engine and the former chairman of Activision Studios and founder and CEO of Acclaimed Games.Kevin O'Leary and Howard Marks discovered the power of investing in startups, a sector that provides extraordinary returns compared to the stock market. Through Start Engine, they learned that a diversified portfolio of startups can provide long-term benefits and yield high returns. With the democratization of venture capital, anyone can now shop for ideas and products they like on Start Engine and build a portfolio that works for them. Taking a bet on an entrepreneur can pay off in a big way, making it possible to live richer.In this episode, you will learn the following:1. What are the extraordinary returns from venture capital that other sectors can't offer?2. What is the value of equity crowdfunding for startups in terms of reducing the cost of capital?3. How can one maximize returns through diversification and understanding the risks of investing in startups?