Jake Of All Trades

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Jake Of All Trades

Jake Nuno: Financial Advisor and Financial Guru

264 episodes

8 months ago

Ever grappled with a financial decision that felt like a fork in the road of life? Join us, Jake and Kirk, as we recount tales that merge money with the heart, drawing wisdom from those who've walked the path before us. Today's episode is a deep dive into the shadows of sacrifice and regret—those moments when we choose between material wealth and the riches of life. We start by sharing stories from the "Ask Old People" community on Reddit, where raw experiences shed light on the tough trade-o...

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Ever grappled with a financial decision that felt like a fork in the road of life? Join us, Jake and Kirk, as we recount tales that merge money with the heart, drawing wisdom from those who've walked the path before us. Today's episode is a deep dive into the shadows of sacrifice and regret—those moments when we choose between material wealth and the riches of life. We start by sharing stories from the "Ask Old People" community on Reddit, where raw experiences shed light on the tough trade-o...

Show more...

Episodes (20/264)

Jake Of All Trades

Worst Financial Decisions on the internet!

Ever grappled with a financial decision that felt like a fork in the road of life? Join us, Jake and Kirk, as we recount tales that merge money with the heart, drawing wisdom from those who've walked the path before us. Today's episode is a deep dive into the shadows of sacrifice and regret—those moments when we choose between material wealth and the riches of life. We start by sharing stories from the "Ask Old People" community on Reddit, where raw experiences shed light on the tough trade-o...

1 year ago

32 minutes

Jake Of All Trades

Asking Reddit: Pay for Life Insurance or Save for Retirement?

Ever found yourself struggling to navigate the choppy waters of financial planning? You're not alone. In our latest podcast episode, we tackle the real-life conundrum faced by a Reddit user - the challenge of choosing between funding their Roth account or maintaining a whole life insurance policy amid the rising costs of a new home purchase. As your hosts, Jake and Kirk, we dissect the intricate details of whole life insurance policies, with a special focus on their savings component. We'll a...

1 year ago

22 minutes

Jake Of All Trades

Navigating the Waters of Love and Money: The Great Debate on Merging Finances in Relationships

Are your finances and romance on speaking terms, or is it time they got relationship counseling? On the latest Jake of all Trades show, we grapple with the question that has couples scratching their heads: to merge or not to merge money? I, Jake Nuno, financial guru, and my co-host Kirk navigate the stormy seas of joint bank accounts and individual financial freedom. We dive deep into the psychology behind shared wallets, offering you practical and thought-provoking insights. Whether you're t...

1 year ago

34 minutes

Jake Of All Trades

Real Stories of Financial Missteps in Love and Work

Ready to uncover the secret pitfalls of financial decisions in marriage? We're pulling back the curtain and sharing real stories of monetary missteps that have rocked relationships. We don't just stop at the mistakes, though. We offer valuable insights and advice on how to avoid these blunders, whether you're single, engaged or already hitched. We're getting real about love and money, highlighting the importance of aligning financial priorities before saying "I do." We also take a deep dive ...

1 year ago

44 minutes

Jake Of All Trades

The Domino Effect of Real Estate Doom Loop on the Banking System

Could the American real estate market be on the brink of catastrophe? That's what an intriguing Wall Street Journal article suggests and today we're breaking it down for you. We're delving into the foreboding concept of a 'real estate doom loop' and the potential threat it poses to our banking system. Exploring the unique application of a doom loop across various cultures, countries, and circumstances, we go deep into the implications of a higher percentage of lending portfolios being tethere...

1 year ago

26 minutes

Jake Of All Trades

Rethinking Mortgages: From Debt Fear to Financial Freedom

Imagine if your mortgage, that debt you've been conditioned to fear, was actually a step towards financial freedom? That's the provocative idea we tackle in today's episode as we challenge the conventional wisdom surrounding debt. We share personal anecdotes of navigating the complexities of owning an appreciating asset and the benefits of tax deductions. We also share our insights on why paying off a mortgage early might not always be the best strategy, especially if the interest rate is low...

1 year ago

26 minutes

Jake Of All Trades

Exploring the Perilous Rise of US Consumer Debt & Smart Methods to Overcome It

Have you ever wondered where the US economy stands in terms of consumer debt? Let's explore together the alarming trends piling up around us. Kirk and I, Jacob, take a deep look into a stark report from JP Morgan which highlights the rising consumer debt, a ticking time bomb that could potentially blow up the American economy. We examine how this issue is plaguing the bottom half of earners, impacting their ability to contribute to economic growth and leaving them in a vicious debt cycle. We ...

2 years ago

31 minutes

Jake Of All Trades

Exploring the True Meaning of Wealth and Morality In Ayn Rand's "Money Speech"

Ready to challenge your traditional beliefs about money? Join Kirk and me as we dissect the morality of money, sparking thought-provoking conversations about wealth, values, and honor. We delve into influential perspectives from Andrew Carnegie's 'The Gospel of Wealth', Ayn Rand's 'The Money Speech', and Francisco d'Anconia's 'The Money Speech', revealing how a negative view of money could impact your future financial success. Dive into a fascinating exploration into wealth creation and the ...

2 years ago

46 minutes

Jake Of All Trades

The Capitalist Conundrum: Carnegie and Rand's Views on Wealth

Harness the power of provocative thinking as we journey into the persuasive minds of two towering figures, Andrew Carnegie and Ayn Rand. We promise to give you a new perspective on their philosophies about wealth and money, and how these radical ideas continue to shape societal expectations. This promises to be more than just a discussion; this is an exploration of the deep, philosophical underpinnings of wealth. We kick off our dialogue by scrutinizing Andrew Carnegie's 1889 essay 'The Gosp...

2 years ago

47 minutes

Jake Of All Trades

9 Biggest Ways you are wasting money

There are many apps that helps us to organize our financial lives. Nevertheless, there are simple mental shifts that can help you rethink the way you are spending money so that you aren’t wasting it. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwealth.” Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jak...

2 years ago

36 minutes

Jake Of All Trades

Beyond the Hype: The Realities of Rental Property Investments

In a recent episode of the "Jack of All Trades" podcast, host Jake Nuno delved into the subject of passive income from rental properties, a topic currently gaining traction, especially among young professionals. While low mortgage rates until 2022 made owning multiple properties seem appealing, rising rates are beginning to change that narrative. Jake highlighted the need for investors to be aware of the hidden costs and potential pitfalls of using mortgages for such investments. Drawing from...

2 years ago

30 minutes

Jake Of All Trades

Is a Housing Bust Coming?

A Houston-based landlord has reduced their portfolio of rental units from 7,000 to 3,000 in a relatively short period of time. This raises the question of whether this is indicative of a larger problem. Tune in to Jake and Kirk's discussion to learn more. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwealth.” Have questions about managing your financial ...

2 years ago

37 minutes

Jake Of All Trades

Living Single and Maximizing Your Money

What can you do to maximizing your money and financial future if you are single? There are many tax advantages as well as planning advantages to having two incoomes. Today Jake and Kirk discuss single life and how to improve your finances. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwealth.” Have questions about managing your financial lifestyle? Email...

2 years ago

31 minutes

Jake Of All Trades

They’ve Made a Deal: Debt Ceiling and the Market’s Reactions

The Debt ceiling has been raised and you’ll likely have to make some changes to your financial planning. On this episode we have added a new segment: Money Monologue with Jake Nuno. He will teach a financial concept each week in a short talk. This week he will discuss how media effects your financial biases. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwe...

2 years ago

33 minutes

Jake Of All Trades

Financial Literacy for Kids

Jake and Kirk believe in the power of financial literacy in building happy and fulfilled lives. On this episode they discuss some methods and techniques for teaching children about financial literacy at a young age. They break this down into ages as young as 6 years old and on up to high school age. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwealth.” Hav...

2 years ago

45 minutes

Jake Of All Trades

Hey Small Businesses, Did your Tax Bill SHOCK You?

Unfortunately, many small businesses with surprised on April 18th, Tax Day, when they discovered some hefty additional taxes. For 2022, it may be too late to alter your taxes (though you should speak to a tax professional to make certain). However, these tax changes can affect you for 2023. You should be taking steps to reduce your tax burden during the year. On this episode Jake and Kirk discuss some of these steps you can take and plans you can make for 2023. *“Tax preparatio...

2 years ago

35 minutes

Jake Of All Trades

5 Steps to Take in a Banking Crisis

Jake and Kirk discuss the banking crisis and give 5 specific steps to consider amidst this particular crisis and other potential ones in the future. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwealth.” Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Twit...

2 years ago

37 minutes

Jake Of All Trades

Life Insurance through work?

How can you know if the life insurance through your work is sufficient for your needs? On this episode Jake and Kirk discuss ways to think through what is a proper life insurance for you. This of course differs for everyone. But there are helpful principles. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services are separate and unrelated to Commonwealth.” Have questions about managing your financi...

2 years ago

18 minutes

Jake Of All Trades

Should I Opt out of my Pension to Pay for Rising Cost of Living

With cost of living expenses rises and incomes not necessarily meeting those costs, people are having difficult conversations about their finances. One question financial advisors get during times like this is about opting out of one’s pension plan in order to meet the rising costs. On this episode Jake and Kirk discuss this issue and what can be done. *“Tax preparation, planning, IRS representation, and business valuation services offered through iFile Tax Planning and Preparation Services ...

2 years ago

26 minutes

Jake Of All Trades

Guest Interview: Yuri Elkaim--Health, Business and Finances

On this episode Jake and Kirk talk to Yuri Elkaim, a best selling author and business coach. Yuri was a professional soccer player who became a bestselling author by simplifying the complexities of health choices. We discuss his unique journey as well as his methods for business and financial success. Have questions about managing your financial lifestyle? Email Jake@youandifinancial.com and Jake Rivas may read your questions on the show! Follow Jake on Facebook @jakestwocents Secur...

2 years ago

48 minutes