fbpx
U

Mortgage Plan Review, E-Commerce Booming, and Candidates Take on Social Security

December 10, 2007

2008 is going to be a big year for the Money Guy Show. Several active Money Guy listeners have stepped up to help take the show to the next level. The details are not to the point that I am ready to share, but prepare yourself for a big upgrade in 2008.

Today’s show pretty much fell into my lap because of all the dramatic current events that are impacting the world of personal finance and the financial markets. Many of you have asked me to provide more input on current financial events, and if you are one of those listeners you will get more than your fill with this show.

Let’s jump into this week’s topics of discussion:

Battle Lines Form Over Mortgage Plan by Michael M. Phillips, Serena Ng, and John D. McKinnon with the Wall Street Journal (click here for the link, but understand that unless you subscribe to the site you will not get the entire article). I think what the administration is doing has good intentions, but I do worry about the unintended consequences of the government getting involved with the poor decisions of individuals and banks.

Who Qualifies for Help, And What Qualifies as Subprime? by Ruth Wilson from the Wall Street Journal (click here for the link, but it has the same limitations as the previous article).

If you are looking for a reason as to why the government has taken such an interest in the Subprime mess then check out the article that Ruth Simon from the Wall Street Journal did at the end of November titled, "Rising Rates to Worsen Subprime Mess" (click here for link). Since some of you may not subscribe to the Wall Street Journal… I will let you in on the amazing little tidbit that most of the defaulted home loans are currently due to loose lending practices of banks (to people who could not afford to pay for the loans). The tidal wave of variable loans resetting to higher rates has not even hit its stride yet (2008 will have over $362 billion (with a “B”) worth of adjustable-rate subprime mortgages adjusting to higher rates).

How about a little bit of good news?!

Retail Holiday E-Commerce Spending Reaches $14 Billion, Up 17 Percent Versus Last Year (click here for link)

Ok for the last article that I cover in today’s show I want to make sure that I do not lose any listeners or readers, so bear with a brief disclaimer. I do not want the Money Guy show to be a political show. I want it to focus on what is best for your personal finances, but sometimes political items need to be covered because they directly impact your wallet. 2008 is going to be an election year, so I wanted to share what each of the leading Presidential Candidates take was on Social Security reform. I did not slant my analysis toward any one party or candidate. I based my entire discussion on the article from CNNmoney.com by Jeanne Sahadi titled, “The 3rd Rail: Candidates Take on Social Security.

I do not say it enough, but thank you for being such an active listening audience. Without your emails, iTunes feedback, and consistent support this show could not have grown as much as it has over the last two years. Please keep up the great work of letting your friends and family know about our show.

FILED UNDER: Podcasts

Most Recent Episodes

Dave Ramsey vs. The Money Guy: Which Strategy is The Best?

Dave Ramsey has an incredible legacy of helping folks get out of debt and take control of their financial lives. We agree on a lot of things, but there are a few points of contrast. In this episode, we’ll discuss differences between The Money Guy Show and Dave Ramsey...

Top 4 Financial Mistakes We Saw This Year! (2022)

We saw some wild financial mistakes this year during the bear market. From making extreme changes to portfolio allocation, chasing the hot dot, and using too much leverage, we’ll talk about some of the biggest financial mistakes we saw in 2022 in this episode.   In...

How Millionaires Build Wealth! (With Dave Ramsey)

Join us for a very special episode as we welcome personal finance radio host and influencer Dave Ramsey to The Money Guy Show! There’s so much misinformation out there about building wealth. We had the pleasure of having a great conversation about how millionaires...

Do These 4 Things with Your Finances BEFORE 2023!

There are unique financial opportunities available at the end of the year - especially this year with the market down. In this episode, we’ll talk about what you need to do with your money BEFORE 2023! In this episode, you'll learn: What you need to do with your money...

How to Win When the Financial World is Burning!

Lately it’s felt like the financial world is in chaos, with rising interest rates, a falling stock market, and high inflation. Let’s talk about how to focus on what you can control and how to minimize the time spent worrying about what you can’t control. In this...

Financial Advisors React to RIDICULOUS Money Advice on TikTok!

The most powerful time to get serious about building wealth is when you’re young. So, what is the younger generation learning? Financial Advice (good and bad) is being produced in massive rates across online platforms and TikTok is the new frontier. Is there good...

Loss Harvesting: Why Wealthy People Love It (And You Should Too!)

Tax-loss harvesting: what is it and should you be doing it? In this episode, we’ll cover everything you need to know about tax-loss harvesting, including whether it makes sense for you, how much it could save you in taxes, and how to eliminate the downside of loss...

The Market is Crashing! (Where Should You Put Your Money?)

The stock market has not had a great year so far. You might be asking yourself, “Since the market is crashing, where should I put my money now?” In this episode, we’ll discuss how to invest when the market is dropping and how to make the most of your money. In this...

Will Rising Interest Rates Tank the Economy?!

The Federal Reserve is raising interest rates to combat inflation, and many are concerned about how it will affect the economy. In this episode, we’ll discuss what rising interest rates means for your wallet and how to make the best of it. In this episode, you'll...

How to Be Wealthy By Age! (Can You Catch Up?)

How much does it take for you to meet your retirement goals by age, and what are some common traps your peers fall into? Learn more about how to be wealthy, mistakes to avoid, and exactly what a little extra saving can do for your retirement income. In this episode,...