1-24-25 Using Drone Mentality for Financial Success

Richard and Jonathan discuss markets' response to initial flurry of activity from the Trump White House; commentary on TrumpCoin and turbo-charged crypto: It's all about marketing. Richard reveals his penchant for scratch-offs (with discretionary money). Jeff Bezos, the CEO of Amazon, made big media headlines by suggesting that drones will be used to deliver light packages in the future, as opposed to the normal, albeit boring, methods we know now. Financial security is also automated from fifty thousand feet above your wallet. Cutting out that extra latte will not make you wealthy; placing as many good money habits as possible on autopilot is the key to financial stability. Rich & Jonathan explore ideas for achieving financial success with a drone mentality. How the RIS is cracking down on private sales on FB Market, eBay and other gig-related enterprises (how do they know??) $5,000 is the threshold above which you'll get a lovely 1099-K in the mail. Producer Brent advocates for deduction for hours spent in 1040 Prep and filing. Do your tax planning now. Our next Candid Coffee is planned for February 8; details soon. Speculation and Gold Bugs, and no taxes on Social Security; how to fill-in the zero's for Social Security; All in the Family & planning for survivors; the importance of coordinating benefits.

3:13 - Markets' Response to Trump & Turbo-charged Crypto
14:42 - IRS Crackdown on Gig Sales
30:29 - Speculation & Gold Bugs
44:47 - Filling in the Zero's for Social Security

Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Jonathan McCarty, CFP
Produced by Brent Clanton, Executive Producer
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Articles mentioned in this report:
"Use Drone Mentality to Financial Success"
https://realinvestmentadvice.com/reso...
"It's the Dollar, Stupid!"
https://realinvestmentadvice.com/reso...
"Are Return Expectations For 2025 Too High?"
   / @therealinvestmentshow  
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The latest installment of our new feature, Before the Bell, "Be Careful of Chasing at All Time Highs," is here:
   • 1-23-25 Be Careful of Chasing at All Time ...  
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Our previous show is here: "It's the Dollar, Stupid!"
   • 1-23-25  It's the Dollar, Stupid!  
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Get more info & commentary:
https://realinvestmentadvice.com/news...
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