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Money Talks

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Business
Education
Investing
Self-Improvement
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Money Talks focuses on personal finance as it applies to Mississippians. In any given week, we’ll talk about anything from preparing your taxes to saving for college or investing in the stock market. Our experts are Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives. Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute. They join Kevin Farrell in the studio to answer your personal finance questions about family budgeting, retirement savings, Social Security, investments, debt management and more. Email the show at anytime at money@mpbonline.org. Money Talks airs Tuesday mornings at 9 Central Time on MPB Think Radio and over the internet at mpbonline.org

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Money Talks focuses on personal finance as it applies to Mississippians. In any given week, we’ll talk about anything from preparing your taxes to saving for college or investing in the stock market. Our experts are Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives. Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute. They join Kevin Farrell in the studio to answer your personal finance questions about family budgeting, retirement savings, Social Security, investments, debt management and more. Email the show at anytime at money@mpbonline.org. Money Talks airs Tuesday mornings at 9 Central Time on MPB Think Radio and over the internet at mpbonline.org

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iTunes Ratings

11 Ratings
Average Ratings
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Cover image of Money Talks

Money Talks

Latest release on Jan 21, 2020

The Best Episodes Ranked Using User Listens

Updated by OwlTail 1 day ago

Rank #1: Money Talks: 50 Good Personal Finance Habits

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We've got personal finance habits everyone should follow to work toward good financial health

This broadcast goes through a list from Time, online, that has 50 Personal Finance Habits Everyone Should Follow http://time.com/money/collection-post/4023439/personal-finance-habits/  Our hosts discuss some of them and their importance.

Previous broadcasts discussing persoanl finance habits:

http://www.mpbonline.org/blogs/money-talks/2018/05/29/money-talks-50-habits/

http://www.mpbonline.org/blogs/money-talks/2018/04/17/money-talks-open-topic-april/

Aug 07 2018

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Rank #2: Money Talks: Home Insurance and Holiday Disasters

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Today's show took calls from listners about personal finance and covered a few topics from Kiplinger's Holiday Disasters: What Does Homeowners Insureance Cover?

https://www.kiplinger.com/slideshow/insurance/T028-S001-holiday-disasters-homeowners-insurance-coverage/index.html

We helped match a caller who was looking to donate land with a not for profit who was interested in receiving the land!

Dec 12 2017

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Rank #3: Relationships & Money

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Relationships & money. It’s direly important to the success of a long-term relationship, but something people rarely discuss with others. Should you keep your money separate? Share everything in a joint account? Divide the money (and debt) in to mine, yours, and ours? Also, when and how do you approach the topic with your significant other?

Jun 08 2017

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Rank #4: Money Talks: New And New To You Vehicle Buying

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Kevin Farrell, along with Nancy Lottridge-Anderson, associate professor of finance at Mississippi College and President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives and our guest Matt Jones, Senior Consumer Advice Editor for Edmunds dot com discuss vehicle purchasing.

http://www.edmunds.com/

Jul 11 2017

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Rank #5: Money Talks: Back to School Finances

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We'd like to help you save on your purchases, save for college, and help you get money for your school.


Segment 1

We’d like to remind folks that Mississippi has a tax free weekend coming up Friday, the 26th and Saturday the 27th. BUT there are some stipulations:

·      Sales Tax is not due on the sale of articles of clothing, footwear, or school supplies if the sales price of a single the item is less than One Hundred Dollars

·      There are definitions of Clothing, footwear, accessories, and school supplies.

·      Layaway sales of eligible items do not qualify for the holiday.

·      Sales of eligible items that were placed or ordered by mail, telephone, or the internet are not subject to Sales Tax if the purchaser orders and pays for the items during the Sales Tax Holiday and the items are less than the $100.00 threshold.

·      https://www.dor.ms.gov/Business/Documents/2019%20Sales%20Tax%20Holiday.pdf

To maximize the learning experience, involve your kids in the back-to-school shopping process. Together, identify your spending goals and decide where you’ll do your shopping. Discuss a strategy for spending on “extra” things that are not on the shopping list.

SEGMENT 2

  _DeSoto County Public Schools: student’s first day August 7th. That’s also the first day for Jackson Public Schools. Harrison County Public Schools start August 8th. 

We’ve got some shopping tips for back to school:

·      Visit your local brick and mortar retailers. Stores offer competitive bargains versus internet-only retailers. Look for specials and door busters, but try not to let good prices lure you into spending on things you don’t need.

·      If your family feels that time is your scarcest resource, searching for deals online may still be your best way to save both time and money.

·      Use store coupons and rewards programs. Check your mailbox or inbox for weekly coupons and store websites for printable coupons. These can mean big savings on your more expensive items. You can also sign up for a store loyalty program where you can earn rewards points toward future purchases.

·      Consider taking advantage of any pre-packaged, school supplies program offered by your school district. This usually involves paying online for a tailored packet of school supplies that is delivered to the school, ready for use. These programs can offer competitive pricing and save you the time and effort of shopping online or driving to the store.

·      Buy used textbooks or download digital textbooks.

·      Look around your house before you shop.

SEGMENT 3                    The state treasurer’s office’s website has information about saving for college. The state offers prepaid tuition calls MPACT – Mississippi Prepaid Affordable College Tuition. There’s also the savings plan – MACS – Mississippi Affordable College Savings.

MPACT is guaranteed by the State to cover the cost of college and mandatory fees at Mississippi’s public colleges. If a student attends an out-of-state or private school, the plan will pay Mississippi’s average tuition rate. MPACT offers four-year university plans, two-year college plans, as well as combination plans. The plan also offers a variety of payment options to fit your budget.

MACS offers investment options that appeal to all types of investors, from the conservative investor to the aggressive investor.

As 529 plans, both programs offer a state tax deduction as well as tax deferred earnings.

Families who begin planning and saving for college when their children are young have a much better chance of reaching their college savings goals than families who wait until their children are in high school.

https://www.treasurerlynnfitch.ms.gov/collegesavingsmississippi/Pages/default.aspx

Segment 4                       There are ways to get free money for your school. To encourage you to show at their stores, retailers have cash back programs for not for profits, like schools.

Target has dropped their program. But Office Depot and Kroger each have ways for you to designate your school so that a portion of your total is donated to that school. https://www.officedepot.com/cm/school-supplies/give-backhttps://www.kroger.com/topic/kroger-community-rewards-3

 Box Tops For Education is a programs where consumers collect and give to the school labels or “box tops” for them to send in for cash. There’s also an app where you can scan your store receipt instead of sending in the top of mac and cheese boxes or soup labels.   https://www.boxtops4education.com/

Amazon donates 0.5% of the price of your eligible AmazonSmile purchases to the charitable organization of your choice. Smile.amazon.com

Coca Cola has a website where you SCAN OR ENTER A PRODUCT CODE TO DONATE to your local school

https://us.coca-cola.com/give/schools/

eScrip is an online portal. After you’ve signed up, shop at thousands of eScrip merchants, grocers and drug stores in your town. Your designated school or charity will get a check each month with their percentage of the spending done through that website.

https://www.escrip.com/

Jul 23 2019

46mins

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Rank #6: Money Talks: Credit Score

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Lenders often use  credit scores to help decide if they will extend credit to consumers. We talk  about  what does and doesn't affect your credit score. 

10 Credit Score Myths and Truths Behind Them was our guide for this show.  https://www.msn.com/en-us/money/credit/10-credit-score-myths-and-the-truths-behind-them/ss-BBMDIAM

The 3 credit reporting agencies each have websites with consumer information about credit scores:

https://www.equifax.com/personal/education/credit/score/

https://www.experian.com/blogs/ask-experian/

https://www.transunion.com/credit-score

The 2 companies that calculate your credit score are:

FICO https://www.fico.com/

VantageScore https://www.vantagescore.com/

Oct 02 2018

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Rank #7: Money Talks: Financial Goals

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Our hosts are Dr. Nancy Lottridge-Anderson, President of New Perspectives and Ryder Taff, portfolio manager at New Perspectives. Nancy and Ryder are both Chartered Financial Analysts and Ryder also holds the Certificate in Investment Performance Measurement from the CFA Institute. https://www.newper.com/

FINRA: the Financial Industry Regulatory Authority suggests how to approach setting your goals. https://www.finra.org/investors/personal-finance/set-your-financial-goals

College Savings Calculator: https://tools.finra.org/college_savings/

Retirement Calculator: https://tools.finra.org/retirement_calculator/

Sep 10 2019

49mins

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Rank #8: Money Talks: Student Loans

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Our guest, Matt Ribe from the National Foundation for Credit Counseling, talks about Student  Loans. This show will benefit those with debt, those who have family with debt, those who might marry someone with debt, and anyone with kids who may incur debt in the future.

National Foundation for Credit Couseling https://www.nfcc.org/

Special NFCC website for Student Loans https://www.studentloanhelp.org/

Chartered Financial Analysts:  https://www.cfainstitute.org/

Aug 28 2018

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Rank #9: Money Talks: Millennial Money Advice

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Millennials are earning $10,000 less than their parents' generation did at the same age. The average student debt for a millennial is double that of the previous generation. Ryder Taff gives advice and takes questions about millennials and their money plus other personal finance questions.

Nov 06 2018

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Rank #10: Money Talks: 50 Habits

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Time, online, has a list of 50 Personal Finance Habits Everyone Should Follow http://time.com/money/collection-post/4023439/personal-finance-habits/  Our hosts discuss some of them and their importance.

May 29 2018

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Rank #11: Money Talks: Elder Financial Abuse

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Guest Bridgette Wiggins, Director of the Attorney General’s Consumer Protection Division

Everyone needs to protect their financial interests. Seniors might need a little help. We learn warning signs of Senior Financial Abuse and types of scams that are going round.  

Scams on the Office of the Mississippi Attorney General's website: http://www.ago.state.ms.us/victims/scams/

https://www.napsa-now.org/get-informed/exploitation-resources/

http://www.ago.state.ms.us/wp-content/uploads/2014/04/seniorfinancialabusehandbook1.pdf

http://www.ago.state.ms.us/wp-content/uploads/2013/08/seniorfinancialabuseguide.pdf


ATTORNEY GENERAL JIM HOOD WARNS MISSISSIPPIANS OF A RECENT SPOOFING SCAM

November 20, 2015

Attorney General Jim Hood is warning Mississippians today of a phone scam that challenges even the savviest consumer. “Scammers realize that consumers are much wiser and more likely to reject calls from unfamiliar numbers,” said Attorney General Jim Hood. “They use caller ID spoofing technology to impersonate a known or trusted phone number to trick potential victims into answering the phone.”

Here is how the scam works. The phone rings, and we recognize the number on the Caller ID. The caller id shows that it is a local business, a neighbor down the street, or even the consumer’s own name and number.  Because the number is known or familiar, the consumer answers the phone.

“Unfortunately, technology has evolved, and we can no longer fully trust that the number displayed is the number that is actually calling us,” said Attorney General Hood. “Our advice has always been to answer only those calls from known numbers, but that won’t work when the caller identification has been spoofed, or is displaying incorrect information.”

Mississippi joined other states in 2010 to enact the Caller ID Anti-Spoofing Act (2010 Miss. H.B. 872) to regulate and prohibit caller ID spoofing. However, the Fifth Circuit Court of Appeals found that the scammers had a first amendment right to spoof phone numbers and upheld the legality of “non-harmful spoofing” in 2012 when it overturned the state law.

The Attorney General’s Office offers the following information and tips to follow on these types of scams:

  • DO NOT answer the phone for a call that shows it is from your own number. That is a sure sign of a scam.
  • REMEMBER THAT THE CALLER ID CAN BE MANIPULATED. Don’t completely rely on what appears on the screen. Scammers use technology that lets them display any number or organization’s name on your screen.
  • HANG UP as soon as you realize the call is a scam. Even answering simple questions in the affirmative or negative could be used to try to scam you.
  • BE SUSPICIOUS of anyone who is vague in identifying themselves on the phone.
  • NEVER WIRE OR SEND MONEY in any form to persons or organizations you do not know.
  • DON’T CALL THEM BACK.  If you receive a voice mail message, do not call the scammer back.
  • GUARD YOUR PERSONAL INFORMATION. Do not provide bank account, credit card or Social Security numbers to anyone calling you over the phone. Giving out personal information out could cause you to become a victim of identity theft.
  • DON’T BE INTIMIDATED BY THREATS OF ARREST. Scammers may try to intimidate you by threatening to bring in local police or other law-enforcement groups to have you arrested. Don’t believe them. If your physical safety is threatened in any form or fashion, be sure to report this to local authorities.

For more educational information on this and other scams, please visit the Consumer section of the Attorney General’s website www.agjimhood.com.  Anyone who suspects they have been a victim of a scam should call the Consumer Protection Division of the Attorney General’s Office for further assistance and guidance at 1-800-281-4418.

Article about call blocking phone apps: https://famisafe.wondershare.com/blocker/best-free-call-blocker-app-for-android.html

Oct 29 2019

49mins

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Rank #12: Money Talks: Stocks

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How should an investor evaluate a stock? Our financial advisers give some tips and take personal finance questions on the show. 

Our experts are Dr Nancy Lottridge Anderson, President of New Perspectives and Ryder Taff, Portfolio Manager at New Perspectives. https://www.newper.com/

Seven things an investor should consider when picking stocks:

  • Earnings growth
  • Stability
  • Relative strength in industry
  • Debt-equity ratio
  • Price-earnings ratio
  • Management
  • Dividends

Apr 16 2019

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Rank #13: Money Talks: Debt and Credit Counseling

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Our guest Bruce McClary, with National Foundation for Credit Counseling answers questions about credit scores and debt Their website has information about buying a home, make a budgets, and an online financial self-assessment tool:    https://www.nfcc.org/

Jul 03 2018

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Rank #14: Money Talks: How Much Car Can You Afford?

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Guest Roddy Merritt gives us inside information on financing a car purchase, cautions us on buying too much vehicle; relays the benefits of a Certified PreOwned car.

Roddy produces a car buying podcast: The Smart Car Buyer https://itunes.apple.com/us/podcast/the-smart-car-buyer/id1449100874?mt=2&ign-mpt=uo%3D4 for Apple and for Google Podcasts https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy84NjY0MDc0L3BvZGNhc3QvcnNz   Roddy aslo has a YouTube Channel: https://www.youtube.com/channel/UCE1rg1w3QdMLnosCx-pl5sQ/featured

A helpful website: https://www.edmunds.com/car-buying/

Roddy Merritt was a recent guest on MPB's Auto Correct where he spoke about choosing a car to purchase http://www.mpbonline.org/blogs/auto-correct/auto-correct-choosing-a-ride/

Mar 05 2019

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Rank #15: Money Talks: Getting To Work

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Guests: Sharon Person discussing MPB's Nov. 20th Hiring Event and Adam Todd, Director of the Governor’s Job Fair

Upcoming events:

Forest Area Job Fair 2019

11/7/2019 9:00 AM - 12:00 PM

National Guard Armory 300 Frontage Rd.

Forest, MS

Southwest Regional Workforce Training Center Job Fair Nov. 2019

11/12/2019 9:00 AM - 1:00 PM

Southwest Regional Workforce Training Enter 1146 Horace Holmes Dr.

Summit, MS

American Graduate Job Fair 2019

11/20/2019 9:00 AM - 2:00 PM

Mississippi Public Broadcasting 3825 Ridgewood Rd

Jackson, MS

Meridian Area Job Fair 2020

2/6/2020 9:00 AM - 1:00 PM

Tommy E. Dulaney Center 915 Hwy 19 N

Meridian, MS

Flowood Chamber Job Fair

2/11/2020 10:00 AM - 1:00 PM

The Ivy Venue, 1170 Luckney Road Flowood, Mississippi

Flowood, MS

Governor's Job Fair Network of Mississippi: https://www.jobfairs.ms.gov/Pages/home.aspx

More employment information and assistance at the Mississippi Department of Employment Security http://mdes.ms.gov/win-job-centers/

Listen to a previous Money Talks: Win Jobs Center: http://moneytalks.mpbonline.org/episodes/5cd31f1533f6c1be55607d85

Nov 05 2019

49mins

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Rank #16: Money Talks: Ways To Save $1,000

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Kevin Farrell and Ryder Taff discuss some cost cutting tips today. Everyone needs a reminder of ways to save some money. Each of these tips could save you $1000 over the coming year. Cut the cord Switch your cell phone plan Rethink your remodel Get a roommate Get a gig with Postmates Get a gig with Uber Get a high-deductible plan Open and fund an HSA Eat at home Buy the store brand Just say no to impulse buys Use Mint Book holiday flights in advance Drive instead of flying

Dec 18 2018

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Rank #17: Money Talks: Financial First Aid Kit

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May 08 2018

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Rank #18: Money Talks: Time for a Financial Check Up?

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To start your year, we want to help you take a look at your financial status. How do you compare to other Americans? What are your goals for improving?

Here's a Make a Budget Wooksheet from https://www.consumer.gov/content/make-budget-worksheet

Jan 15 2019

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Rank #19: Money Talks: All Social Security Hour

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Jay White, host, and Shawn Mercer, District Manager with the Social Security Administration, spend the entire hour taking listener questions only about Social Security matters.

You can find many answers to your Social Security, disability, and Medicare questions at http://ssa.gov

Mar 19 2019

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Rank #20: Money Talks: Open Topic/Lottery/Black Friday

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Things to buy in December

  • Gift cards
  • Christmas decorations (after Christmas)
  • Champagne
  • Wedding dresses
  • Golf clubs
  • Cookies: National Cookie Day - Dec. 4
  • New cars

One list had TO buy Jewelry, one list said DON’T buy Jewelry.

Things not to buy in December

  • High-end electronics
  • Exercise equipment
  • Bedding


Tips for Black Friday shopping:

·      Black Friday Sales have already started. Some of the best discounts are: iPads, Apple Watches, TVs, and headphones, but also air fryers, vacuums, Instant Pots and DNA kits also joining the Black Friday mix.

·      Retailers want to entice shoppers into stores in the hopes they will purchase more – so that is why for some of the best deals you do have to go in person.

·      Black Friday isn’t just on the Friday after Thanksgiving. Many retailers are starting their Black Friday sales earlier and earlier with some offering steep discounts as soon as Wednesday.

·      Try online first; look for free shipping. Also consider in-store pickup when it’s available.

·      Earn cash back: Whether shopping in-store or online, look to cash back through websites that encourage you to scan your receipts.

·      Use coupons and rewards programs from stores.

·      Don’t forget to mail in your rebates on small appliances.

Check The Odds

You might think they try to keep the odds secret, but they’re actually printed right on the back of every single ticket. You can even ask the cashier at the store to let you know what it says before you purchase. Go with games that have better odds.

The Cheaper The Ticket, The Worse The Odds

Similar to slot machines where you have to play big to win big, lotto’s tend to save the high dollar winnings for those willing to shell out a little extra in order to play.

·      Mississippi has 4 scratch off tickets: a $1: ”Three times Lucky” Approximate overall odds - 1:4.75 , 2 at $2: “Happy Holidays Y’all” Approximate overall odds - 1:4.39 and “Triple 7” Approximate overall odds - 1:4.32 , and a $5 “$100,00 Jackpot” Approximate overall odds - 1:3.98

·      This means that 1 out of every 3.98  tickets will be a winner.

·      It doesn't mean that every fourth ticket in a row wins, and it doesn't mean that in a random sampling of 4 tickets, one will definitely be a winner. It means that in the total number of tickets allotted, in all the stores across the state, that percentage of tickets are winners.

Hold On To Losing Tickets

It’s tempting to toss them away after you’ve been disappointed, but several games (including scratch-offs) hold second-chance lottos where you can send in the dud and still win some cash.

You should also have the cashier scan them in case you overlooked winnings. It might not be the big prize, but you could be in store for at least a little cash to keep you going for the next round.

Set a scratch-off budget and stick with it. Decide how much you can afford to spend on a scratch-offs each month. This absolutely has to be money you can afford to lose, because you will lose money playing the lottery long-term. It's a guarantee.

When you've set a monthly budget, take money for scratch-offs from the leftover cash, not used for rent, groceries, or other necessary expenses. If you've got a fund set aside for fun stuff, you could take it out of there if you enjoy playing scratch-offs.

Check Your State's Website: ms lottery home dot com

You don’t want to buy a ton of cards for a game only to check online and realize the biggest prizes have already been claimed, so make sure to look before even heading out to the store. Ticket will continue to be sold after prize money is given out, until all tickets are sold.

Pick Newer Games First

The website will also let you know when they introduce a new game so you can be first in line to claim all the fresh new prizes. You still have a chance at real money as long as those larger prizes are still in play, which isn’t always the case with older games.

Remember:

"Please play responsibly."

"You must be 21 or older to play."

"Gambling problem? Call 888-777-9696."

Nov 26 2019

48mins

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