What are "Earnings"?
episode
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
19 min
4 speakers
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Hey, this is Allie, and thanks for listening to the show. Give us a five-star review where you listen and share this episode with someone who might need to hear it. Now, enjoy the show.
Welcome back. Ladies and gentlemen, you're listening to another edition of DIY Money. DIY Money. Shake it, Logan. I'm buying a house. I love it. Our little boys growing up.
I know. I'm so excited. Living vicariously through you. We are pumped. I will tell you, the process of buying a house, you can't know it until you go through it. Yeah, for sure. Oh, it is. It's such a pain in the back.
You know, they got it kind of down to a science. It's interesting, though. It used to be I mean, literally, I bought houses in the past. It sounds like I'm a magnet. I'm not. But I mean, I remember making phone calls to bankers like during a road trip and being like, yeah, we found this house. We're going to buy it. You know, go ahead and fax me the paperwork. I'll sign it and fax it back. And then we'd close on it. I mean, literally, that's how it was. That's, of course, before the financial crisis. That was primarily a result of that type of lending money. But any hiccups right now? No, I mean, it's pretty simple.
You've got to get your inspections done. You've got to call 47 people. They come in. They look at it. They do all their things. And then you kind of go through it. I will tell you, though, this process and what I've heard and what I'm starting to see, it's like death by $1,100 bills. You just get the $100 for this inspection, $100 for that. inspection, $100 for title. You know, it's just like those little ancillary things that are annoying.
Yeah, I would just make sure you get your closing statement well ahead of time.
Oh, yeah.
You know, scrutinize it. Make sure there's nothing weird on there. But, you know, as the buyer, that's a little bit easier than a seller. I've seen it on the selling side. It can be fascinating with some things tucked in there that you didn't really necessarily want or agree to. I believe it. Well, good luck with that. Keep us posted. It'll be exciting. And then we'll do the little housewarming.
It'll be wonderful. Yeah.
That'll be awesome.
Housewarming parties just don't be the same anymore. Everybody's getting you a bottle of wine, a bottle of tequila, like an air fryer.
All right. Some housekeeping odds and ends. Visit us all on the social DIY money podcast. Uh, I don't know. Keep sending the questions in the audio file questions. We love, we need for the show. Just record them on your phone, email them to, uh, What is it? Podcast.diymoney.org. You've been gone a little bit too long. That's what happens when you're out of the country. Podcast.diymoney.org. That's podcast.diymoney.org.
And then also follow us on the socials, DIY Money Podcast on all the socials. We're trying to break into some different areas, so we'll see how that goes, too.
Yeah, we got a rock star gal who's working on a little TikTok action, so that'll be fun. I probably won't do that. That'll be you. Come on. All you, big dog. All right. Let's go right to our question. We got a good one for Charlie today. Charlie, what do you got?
Hey, DIY. This is Charlie from Louisiana. Long time listener and have a two for one question. When a stock analyst talks about a specific company trading for 10 times earning versus a company trading for, let's say, 30 times earnings. How is this calculated or determined from looking at the stock's data report? Next, can you explain what a preferred stock is and its place in a retirement account? Thank you.
Okay, Charlie, thanks so much for the question, and thanks for being a longtime listener. It's wonderful. I can speak to this pretty poignantly because I go on CNBC. Well, Logan does as well. I go on CNBC, and I talk in that vernacular, right? Multiples. So trading for 20 times forward. I mean, I like to use it. It's kind of like watching an NFL correspondent, and they use terminology, and I like to pretend I understand it all, and I really don't. You know, we like to throw around these terms, but they sound complex, but they're really quite simple.
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