Most makeovers deal with issues that are on the surface but financial makeovers are different because they focus on what really matters — taking the best care of yourself and others. In this episode, we give a financial makeover to the Hall family from San Leandro, California. With help from financial expert Chad Burton, the Halls get all aspects of their financial life analyzed and are offered several options to get organized, motivated and create a real investment strategy for the whole family.
In Investing 101, Rob Black explains why index funds can be a good choice for busy couples like the Halls, who want to diversify their investments but do not have time to do all the research. Index funds take the greed and fear out of investing and give you market returns at a low cost.
Our Scam Alert puts the spotlight on predatory lenders. They tend to cluster around military bases around the country, and their outrageously high interest rates are affecting the very people protecting this country and their families. We learn how they operate and hear firsthand from a Marine sergeant in Camp Pendleton, CA, who got himself in a heap of trouble with his payday loans.
