| Title: |
10/17/09: College Tuition |
| Published: | Sun, 18 Oct 2009 |
| Description: | Rick talks to a caller about financing college tuition. 10/17/09 |
" And -- show is online and on demand. Turned to Richie yeah Saturday is one before Sunday's nine to noon on."
" It's -- Let's go to Robert in her in his car keys we -- 969 Boston talks afternoon which question."
" And I I -- and I -- college financial seminar a couple of -- corruption and according to this guy -- on everything wrong. And."
" I don't want I was named. But tell -- only what he told you to do."
" Basically talked about moving money from. Areas that."
" Right I -- I'll stop you right there what this guy is full of fill in the -- I'd bet that most of these college seminars that's exactly what they tell you did you move we have either borrow money against your home or move money here or move money this you cannot hide it so you get more financially. First 90% of the time it doesn't work. And what that does -- quote work what it means is you get. Morph financial -- in the form of -- Well you can always get financial aid in the form of loans so it's it is a crock of fill in the blank and everything this guy told you. I would just put in the circular --"
" I had an in the -- the -- singing your sister refinanced. So that the north."
" Of course because -- And these. Dave panel that comes in every Saturday says top -- what outcome I don't blow my top. I'm not and and this is one of the ones were it's very difficult not to because these guys is. Drive me. Not you and I'm glad -- you'd -- intelligent person because you you listened to them and then before you ran out and did he said let me let me. You looked into sinuous guy which is which is good but the fact that they're people out there giving this kind of and as far. -- information I I I cannot use I would get kicked off the air for use of words I'd like to used to describe eight the information these people are giving and -- these people in general. And particular. But I can't sober you can figure out it just drives me crazy they give horrible horrible horrible advice and some way or another this guy's making money I don't know how but. He's he's got -- he's gonna I don't want an. But I guarantee you he's gonna make money from some people's gonna take his rapid vice but you fortunately if you estimate are not heard one of."
" Next question as where you go to get credit I."
" Very good at listens -- money -- And seriously and and go to. Go to work best money Kodak common read the the -- to be acknowledged rates. All. I mean he did this is not rocket science that is. Eat eat the fact of the matter is it's hard to pay for college there's no magic bullet is no way to move your money around so you're gonna get some you know get the college to pay free kit. Either that I've outside have a child who's seven feet tall played great basketball. -- have a child who's eight at an excellent student and get scholarships but. Other it's short of that it's gonna be hard they call these people are full of fill in the -- got to run thank you for calling. Thanks."
" We're downloading and listening to the money show with the -- for. Come back coffins Boston's talk evolution by these 69 WTKK. It is fun line and on them."
A caller asks Rick if he should gift his two properties to his children. 11/14/09
“…they haven't put anything into the college education. -- Oakland that they benefit if they picked it and the College Station and nice so that this -- role. If you worker in the summertime and honor all that well and and help but …”
“…I'm gonna sell it. But Hologic -- the kids. …”
Rick educates a caller on annuities. 11/7/09
“…type or almost exactly same type of investment. Product available without the drawbacks of annuities so. With -- the one exception I made which is the benefit. To the people sell them things. I don't think they're any benefits to annuities and yes there you are you gonna get people coming out of the woodwork trying to sell you a new -- And they'll come up with -- new names -- they have new types of -- all the times. All the time. Because they wanna sell because when they sound they make a lot of money but the fact of the matter is. All annuities have the same major drawbacks. . That virtually. They don't all have all of the say that the same drawbacks but they all -- have virtually all the same drawbacks and which make them a lousy product for people to be to be investing. Who the exception we make with annuities is to fall one. If you. If annuities part of a forward care for a three beats the site in the big good it just it lowers the the -- then it the negative it spreads and negativity around and in some cases very very. And minor. Limited cases they can be a part of Europe. Retirement. He returned planning your your health care. Many Medicare. Moon. Nursing home care. . Planning. But that's -- that's not -- that's not your question and that's not the issue here so now a new I don't like annuities I would not. And and and Susan I will retain that until they make -- a good investment. Which I don't pay …”
“…then I can I make the argument that putting money under the mattress is better than going into annuities annuities are lousy product I think they should be illegal. They're not. They're there a legal product but basically. Actually I'd I'd I'd …”
10/31/09: Buying a Foreclosed Home
Rick talks to a caller who wants to buy a house that is being foreclosed on. 10/31/09
“…depends on the lender depends on the bank to depends on pins and a lot of things you you keep you can't look at it that way you have to look at it from. From your standpoint is what is what would what would make it worth your while to buy it and if the lender says yes fine gentleman says no. Then move on. The -- …”
“…pitch com and I know how to load it and had an appraisal done approximately six months ago and I just didn't. …”
