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Follow The Money Radio

PODCAST: Is Your Overhead Preventing Your Success?

June 6, 2018

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This week, Jerry and Jennifer Robinson ask: Is your monthly outflow (or overhead) preventing you from reaching your financial goals? Since breaking free from the "consumption trap" back in 2012, Jerry and Jennifer Robinson have been on a mission to help others break free so that they can achieve their financial goals. Also, precious metals advisor Tom Cloud explains how gold prices work, with a brief explanation of Spot Price vs Premium vs Commission. And later, financial advisor Mike Mitchell addresses a listener question: "I have a 403b retirement plan with $250,000 in it. Can this amount be rolled over to another self-directed retirement vehicle?"

Show Notes

Is Your Overhead Preventing Your Success? w.Jerry Robinson
Segment begins at 00:38

In this second installment of his new teaching series around the acronym “C.O.U.R.S.E.”, trading coach and successful serial entrepreneur Jerry Robinson focuses on the letter “O”, which represents Overhead.

  • What is overhead?
  • Bad overhead clogs your income streams
  • Three powerful forces in our capitalistic system that create the consumption trap
  • Jennifer’s Checklist: What products and services do you provide for yourself?
  • It takes unlearning to comprehend the consumption trap
  • Three steps to a successful escape from the consumption trap
  • The consumption trap is enabled and amplified by the city

RANDOM BITCOIN GIVEAWAY! 

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Deadline: Sunday, June 10, 2018
Prize: $100 in bitcoin!

Recommended Links
Jerry Robinson on Twitter
Follow The Money Summit 2018 Pics
The Day I Woke Up From the Consumption Trap
Jerry Robinson Talks About the Consumption Trap on Financial Survival Radio
Cut the Fat: Four Ways to Stop Wasting Money
11 Ways to Avoid Shopping Traps and Spend Less Money
PODCAST: Jerry Robinson’s Financial Fitness Wake-Up Call
Bankruptcy of Our Nation by Jerry Robinson


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How Do Gold Prices Really Work? w/Tom Cloud
Segment begins at 30:10

With over 40 years of market experience, precious metals expert Tom Cloud brings us his perspective of what lies ahead for gold and silver. Today, he explains the difference between the spot price, the premium, and the commission.

  • The spot price is the market price
  • The premium is what a dealer (like Tom) pays for the metal over the spot price
  • The commission is the dealer’s markup (on top of the spot price and premium)
  • The retail buyer’s price is the spot price + the premium + the commission
  • FREE DOWNLOAD: Precious Metals Investor Kit

Call 800-247-2812 now for the best prices on gold and silver coins and receive Free Shipping & Insurance when you mention FTMDaily.

Retirement Planning Listener Q&A w/Mike Mitchell
Segment begins at 39:30

Christian financial advisor Mike Mitchell offers an expert voice of wisdom in making proper decisions for sound retirement. Today, he answers a listener question about rolling over a 403b retirement plan with three possible avenues that will not create a taxable event.

  • A self-directed IRA
  • A transfer to another 403b plan, or to a 401k plan
  • An in-service rollover (usually limited to vested assets only with a specific age requirement)

Call Mike Mitchell Toll-Free at 833-370-0777 With Your Retirement Questions


Call 833-370-0777 to speak directly with Mike Mitchell about how you can experience a sound retirement.

The Final Word w/ Jerry Robinson
Segment begins at 42:17

To provoke conscious thinking and to whet our appetite for next week’s show, Jerry leaves us with an intensely insightful quote from a former highly educated observer of children.

Recommended Links
Professor Felix Adler

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