Comments

1. Second Timothy says

   July 25, 2015 at 8:11 pm

   Who is this imposter and what have you done to Steve Stewart? I heard something in this podcast that I never expected. Steve Stewart telling the college primadonna that she needs to borrow $20,000 to finish her college degree. You seemed to accept her claim that if she worked, her grades would necessarily decrease when many studies show the opposite. Here is one example: http://www.bu.edu/today/2009/working-may-help-your-gpa/ If she borrows $20K and finishes her degree after blowing $90K, would that make her the type of job applicant you are looking to hire? I think she should borrow $40K so she can give herself a graduation present (perhaps a trip to Asia) after someone else pays for her last year of college.
   On another note, I was not impressed with the interview with Kirk Chilsholm. There was a lot of pros of using self directed IRAs with very little more than lip service to the serious dangers. I admit I’m mostly ignorant of this strategy because I’m convinced it is something I would never attempt. But I do know enough to know that when the IRS decides you have been self-dealing in your IRA (i.e. you didn’t do everything perfectly), they will invalidate the IRA and charge taxes and penalties on the entire amount in the IRA. Can anyone say Armageddon? Your show definitely needs some balance. This article contains information that should have been included in the podcast: http://www.journalofaccountancy.com/issues/2013/oct/20137626.html
   Steve, I’m very concerned. Is this show an indication of the direction you are taking the MPSOS replacement podcast? I love you man. I also love listening to you. You have provided much value to your listeners including me. Hopefully this is just an example of the truism “anyone can have a bad day.”

   • Steve Stewart says

     July 26, 2015 at 12:56 am

     Hi Timothy. Thanks for being a solid listener.

     To respond to your comment (thanks for the criticism by the way – I need to hear it) I’d like to start with a quote from Henry Ford: “Whether You Think You Can, or Think You Can’t … You’re Right”. As a Financial Coach, I can hear it in her tone that her mindset would reject a recommendation to hold off finishing college to work and save up the money, nor would she put in the effort to keep her grades up while working. She isn’t going to get bailed out of this situation and there will be some pain. Knowing where this girl is coming from, I would want to meet her halfway with my advice. (If you want to hear her calls into The Bert Show, visit (http://thebertshow.com/she-should-have-enough-money-for-college-but-she-spent-it-all/)

     Many people have called her a spoiled brat. Using such language would not win her over. The woman/girl’s mindset is certainly too far from one that wants to accept personal responsibility. It is for these reasons I refrain from the traditional “never borrow except for a home” answer and went with a message of hope instead.

     Borrowing money won’t be the end of the world for her. It certainly will give her some of what she wants along with a dose of what she needs – maturity and personal responsibility.

     Finally; my advice could salvage the relationship with her father/parents by making her realize they did the right thing and she will become a better person by paying a price for her actions (overspending). The worst thing that could come from this would be for someone to pay her tuition and not let her learn her lesson.

     As for my interview of Kirk Chisholm; It is a new direction for this show, although listening back to the episode I realize I could have asked a few more questions or made some statements at the end about “seeking the advice of a competent professional”, etc. However, if someone blindly follows the advice from my show – they missed the point! 🙂

     Side note: Your willingness to comment after listening to my show is proof as to why I should relaunch it later this year. Why are you listening to my show? You don’t have any debt, are financially sound and don’t need to be listening to a get-out-of-debt show. You aren’t the target audience for this show, or at least I didn’t realize that until I put out a survey last year. I can’t continue preaching to the choir unless I make the podcast my hobby. That would not be good because, for me, hobbies get put on the back-burner and the releases would become sporadic. I’m not willing to give up and, to be honest, the podcast is not doing what it should (ie: Helping me create an income). There is more to this strategy than I care to type out in a blog comment. Believe me when I say I won’t be letting an imposter take the microphone 😉 and I will continue to provide you with a great show while broadening my reach to a new audience.

     Thanks Timothy

2. Seond Timothy says

   July 26, 2015 at 8:59 pm

   Thanks for taking the criticism in the spirit in which it was delivered. Your point about how you would deal with this girl who elicited so many attacks was gentle and wise. It’s just I have never heard you deviate from the obdurate D.R. Hurray for new directions. In the end I think she probably is a spoiled brat, but she can’t take all the credit for becoming that herself. She had a lot of help.. And it really doesn’t matter. What counts is given this situation, what is the best course of action from here. Your experience in coaching people shines through. I hope you can clearly define the new direction of Steve Stewart.me. BTW did you ever reveal your middle name? My guess would be Otis which means “hears well”.

   • Steve Stewart says

     July 27, 2015 at 7:50 am

     Thank you sir.