Understanding where your money is coming from and where its going is critical for good financial health. Learn how to get more cash into your pocket from our Superstar Money Summit experts.
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00:00 Cold, hard cash. Who needs more of it?
00:03 For some, just as time last year,
00:05 the cash flow was strong.
00:07 Oh yeah, it was good, right?
00:09 Others may have had a light breeze
00:12 that blew in some pocket money every once in a while,
00:15 but nothing could have stopped the cash flow faster
00:19 than this global pandemic.
00:20 That's why today I'm calling together
00:23 this Superstar Money Summit to give you five ways
00:26 to increase your cash flow today and tomorrow.
00:30 (upbeat music)
00:31 Meet the superstars, Nicole Lappin,
00:34 Lynette Calfani-Cox, and Rick Edelman.
00:37 With 10 personal finance books,
00:39 in the bank bestselling author Rick Edelman
00:41 has been named one of the country's
00:43 top 10 financial advisors by Forbes Magazine.
00:46 I started my radio show 28 years ago
00:49 to bring the secrets of Wall Street to Main Street
00:52 because I truly believe that the secrets to wealth
00:55 are not just for the rich.
00:57 Using Rick's advice, millions of regular folks
01:00 have learned to retire with a million dollars.
01:03 Oh, I've advised everyone from Oprah Winfrey
01:06 on her TV show to my own auntie,
01:09 and today I'm coaching you.
01:11 Financial expert and New York Times
01:13 bestselling author, Nicole Lappin,
01:16 went from living paycheck to paycheck
01:18 to calling herself a rich you know what,
01:21 and now she's helping others do the same.
01:23 I believe that true financial success comes from balance.
01:27 Nicole teaches budgeting and saving
01:29 in her online personal finance course, Money School,
01:32 but she's also a huge proponent of always leaving room
01:35 in your financial diet for some fun.
01:38 People say to me all the time,
01:39 I cut out the morning latte, I am doing so great,
01:42 and then four months later,
01:43 they're like I bought this expensive purse
01:46 because I didn't buy the latte.
01:47 And I say hello, Captain Obvious,
01:49 if you just got that latte every day
01:51 you would keep yourself motivated and on track.
01:55 I'm Lynette Kalfani Cox, and I'm the money coach.
01:58 Former Wall Street Journal reporter
01:59 and contributor to dozens of news programs,
02:02 with a flair for super relatable advice,
02:05 it's no wonder Cox is one of the most
02:07 highly sought after financial experts.
02:10 She paid off $100,000 worth of credit card debt
02:13 in just three years, and since then has used her skills
02:16 to teach millions about money management.
02:19 I don't think that most people look in the mirror
02:21 and see a wealthy person, but we all can be,
02:24 and we're gonna show you how.
02:26 They sure are, they're all here today,
02:30 whether you wanna stop living paycheck to paycheck,
02:32 or need extra cash to pay off debt,
02:34 these money superstars have ways
02:36 to put cash in your pocket today.
02:38 So why is understanding cashflow so important?
02:40 Get this out there.
02:42 Understanding cashflow is so important
02:43 because you wanna know where your money is coming to
02:45 and where your money is going.
02:46 And ideally we have more money coming in
02:49 than we have going out, right?
02:50 But that's not the reality for so many of us.
02:53 So think of your cashflow like a river, right?
02:56 Sometimes it goes really fast.
02:58 Sometimes it goes really slow.
03:00 The same thing with cashflow.
03:01 Sometimes it ebbs, sometimes it flows.
03:04 But as we understand our money more,
03:06 as we understand savings and spending,
03:09 we can really play with those levers,
03:11 the pull and push, so that we can keep flowing
03:14 and not end up in financial hot water.
03:16 It feels so much better when it's flowing.
03:18 It just gives you confidence.
03:19 Like being on a raft, you're actually going somewhere.
03:21 All right, now Rick says the first way
03:23 to increase your cashflow, and this is really important,
03:25 is to turn your junk into another man's treasure.
03:29 I've got it right here, but Rick,
03:30 I metaphorically, I built you a treasure chest here.
03:32 And I want you to look in here carefully.
03:34 - I love it.
03:35 - How do we do this?
03:36 - Well, you know, it's really easy, Dr. Oz.
03:38 A really easy way to get cash
03:40 into your pocket almost immediately.
03:41 You know, they say one person's junk
03:43 is another person's treasure.
03:45 So get rid of your junk and collect the gold.
03:47 You can try sites online like Poshmark
03:50 or ThredUP for clothes.
03:52 Declutter takes all your old electronics,
03:55 outdated stereos, TVs, your old cell phones
03:57 you're no longer using,
03:59 and you can sell them on that site.
04:01 At Facebook Marketplace, you can vend items
04:04 that you own based on your location.
04:06 It's ideal for selling larger items
04:08 like furniture or car parts
04:10 without having to fuss over shipping.
04:12 And it spreads the word
04:13 to your local social media community.
04:15 But good old-fashioned garage sale
04:18 works really well too.
04:19 - I see more of them these days.
04:21 I think that's an endorsement of them.
04:23 So we've got a guest of the show, Samania,
04:26 who's in need of quick cash,
04:27 but has trouble letting go of things.
04:29 So we're gonna be issuing her a little challenge.
04:31 So Samania, are you with us?
04:32 How do you feel about going through your house right now
04:35 and doing what Rick Edelman just recommended,
04:37 finding three things right now to sell
04:39 so you can collect this treasure chest
04:42 where the cash is sitting up in your attic?
04:45 - Hi, Dr. Oz.
04:46 Yes, I have so many things just laying around my house
04:51 that I don't use anymore.
04:53 And if I could just sell them and make some quick cash
04:57 opposed to throwing them in the trash,
04:59 that would be awesome.
05:01 - All right, here's the challenge now.
05:03 You got a few minutes.
05:04 I want you to go up to your attic,
05:05 go through your garage.
05:06 When we come back, I wanna see what you can be selling
05:09 to bring this into your life,
05:10 to get that cash flow that Nicole spoke of
05:12 back into your life flowing a little faster.
05:14 Deal?
05:15 - Okay, that's a deal.
05:17 - I'll be right back.
05:18 All right, Nicole has the next way
05:19 to increase your cash flow.
05:20 It's to rent your car, your parking spot,
05:23 make money from your dog.
05:25 You can rent your parking spot?
05:26 - Totally, and they're really lucrative
05:28 if you live around a transportation hub
05:31 or if you live around a stadium.
05:32 You can use sites like Boxcar or Spot Hero.
05:36 You can also rent your car.
05:37 We're not driving a lot of places right now.
05:39 So Getaround or Turo are good apps that you can use
05:43 to rent out your car when you're not using it.
05:45 And Khaleesi, I'm just saying.
05:47 - Hi puppy, my dog Khaleesi.
05:48 - You know, she gets some free rent, right?
05:51 Like, she has a good life.
05:52 - She does.
05:53 - It's time to start making money off your dog, I think.
05:56 We take zillions of pictures of our dogs, right?
05:58 You can sell those to stock image websites
06:01 and make some quick money.
06:02 You already have the pictures on your phone anyway.
06:05 And if you're thinking about getting a dog,
06:07 you know dogs are expensive, right?
06:09 So you can test it out and also make money at the same time
06:12 by becoming a dog sitter.
06:13 - All right, Lynette, you've got something
06:14 you could rent out for extra cash.
06:16 What is it?
06:17 - That's right.
06:18 You can rent out your house.
06:20 And frankly, it doesn't even have to be a house.
06:22 I've done that with my house here,
06:24 but you can have an apartment, a condo, a townhouse,
06:27 whatever, because you're gonna be renting it out
06:29 to folks who are shooting things like videos, films,
06:33 photography, shoots, et cetera.
06:35 I've had somebody do a music video here.
06:38 So whatever the type of production or event,
06:41 you can use your house, rent it out for a couple of hours,
06:44 make some cash.
06:45 - A little known secret.
06:46 Believe it or not, when we do magazine photo shoots,
06:48 we do that exact same thing.
06:49 We don't need the house for the whole day.
06:51 Rent it for a couple hours.
06:52 I never actually realized how that works.
06:54 So simple.
06:54 Thank you for sharing it.
06:55 All right, up next, an iPhone hack
06:57 that can save you hundreds.
06:59 We're showing you step-by-step
07:00 how to tap into this extra cash.
07:02 That's next.
07:03 We are back with another Superstar Money Summit,
07:05 giving you five ways to increase your cashflow
07:07 today and tomorrow.
07:09 Rick says the next step is to increase your cashflow
07:12 by milking the gig economy.
07:14 Please explain.
07:15 - Yeah, we don't have to have a nine to five job
07:17 to make money.
07:18 You can do it on a part-time basis.
07:20 And there are apps now, Dr. Oz,
07:21 where you can download to your phone
07:23 apps like TaskRabbit, Thumbtack, or Fiverr.
07:27 You can list yourself and your skillset.
07:29 Think of it like, you know,
07:30 the modern day yellow pages or classified ads.
07:33 And it's perfect because you can squeeze in extra work
07:36 on your own time without any big commitment.
07:39 And you don't have to give up your full-time career
07:42 to do it.
07:43 Hanging pictures or whatever.
07:45 You can even ask for positive reviews,
07:47 which will generate more business for you
07:49 that'll increase your demand
07:50 and get you right to the top of their lists.
07:52 - So Victoria took a page out of Rick's playbook,
07:54 has picked up extra work doing dog walking.
07:57 Pretty straightforward, right?
07:59 And she says it changed her life.
08:00 Take a look.
08:02 - Hey, Dr. Oz, my name is Victoria.
08:05 In March, 2020, I was laid off from my corporate job
08:08 due to COVID.
08:09 I decided to then follow my dreams and become a model.
08:12 I signed with an agency here in New York City,
08:14 but was still really struggling to make ends meet.
08:17 When income and stability and security
08:19 are taken away from you,
08:20 you really have to take a second
08:22 and think about what you have left here,
08:24 what you can offer to the world, what are your gifts?
08:27 And so I had to do that.
08:28 And then every day I had to get up and hustle.
08:30 I have several side hustles.
08:31 One of them is dog walking as well as dog sitting.
08:34 And then I have a side business
08:36 called The Kindness Grand By Bee.
08:37 We are a handwritten telegram, personalized home service.
08:41 I don't know what I would do without my side hustles.
08:43 They gave me a second chance
08:45 during a really difficult time,
08:46 and I would not be in New York City
08:48 following my dreams without them.
08:50 - So proud of you.
08:52 Lynette has our next way to increase cashflow.
08:55 It's to unsubscribe.
08:56 Now, Lynette, you say many of us are paying monthly fees
08:59 on subscriptions we don't even know we have.
09:01 Right, so how do we check?
09:03 - Well, you know, we are in really a subscription economy.
09:07 And if you think about it,
09:08 so many folks are on dating sites,
09:10 they're checking their credit reports,
09:12 they are getting subscriptions for magazines,
09:15 food services, a whole host of things.
09:18 So you can certainly check your credit card
09:20 or your debit card statements,
09:22 but you can also use apps and services.
09:25 A couple of them are asktrim.com and trubill.com.
09:30 They'll both kind of do it for you.
09:33 Basically, they have software
09:34 that scans your credit card statements, for example,
09:37 and it looks for recurring payments.
09:39 So then they can alert you to say,
09:41 "Hey, do you still wanna keep paying,
09:42 "you know, 9.99 a month, 19.95 a month for that?"
09:45 And chances are there's something on there
09:47 that you do actually want to cancel,
09:49 and that's a way to increase your cashflow.
09:52 - So I got another hack for you to pay you back.
09:54 I discovered a new little trick.
09:55 You can check your subscriptions
09:57 that you signed up for on your phone
09:59 by going into the settings,
10:00 just to follow along with this,
10:01 then click your photo and your name,
10:03 and then click subscriptions.
10:06 And there it is.
10:06 You're gonna see any apps with recurring charges.
10:09 You can figure out if you really want 'em or not.
10:10 Let's check back now with someone, Nia,
10:12 who's been deciding what she could part with
10:14 and sell for extra cash.
10:16 So what'd you find?
10:17 - So, Dr. Oz, the first thing I found
10:20 was this really cool blender.
10:24 It's a quick mixer.
10:26 Put your stuff in, shake it up,
10:29 and it's like quick, especially when you're in a rush.
10:33 And I'm also a board game junkie,
10:37 so I have so many different board games around my house.
10:41 This particular set comes with 101 board games.
10:46 I mean, if you like to play games,
10:48 you're bored in your house,
10:49 especially around now with nothing to do,
10:52 this would be ideal.
10:55 - I am proud of you.
10:56 Then you go get some money now, right?
10:59 - Yes, right.
11:00 - Move that stuff along.
11:01 All right, up next.
11:02 You need more cash?
11:03 A lot of you do.
11:04 You may have thousands,
11:05 I mean it, thousands of unclaimed dollars owed to you.
11:09 Yeah, when we come back,
11:10 you're gonna find out how to access it,
11:11 how to find it, how to get it.
11:12 But first, it's a TikTok savings hack
11:15 you need to see to believe.
11:17 Let's talk about an easy way to save money.
11:19 This is in your checking account at the end of the day.
11:21 You're gonna move the last digit into your savings account.
11:23 Do this every day and you'll barely feel it.
11:26 Look at this.
11:26 After seven days, I was able to save 24 bucks.
11:29 Times each week, that's a total of $1,248 a year.
11:33 We are back with another superstar money summit,
11:35 giving you five ways to increase your cashflow
11:38 today and tomorrow.
11:40 And we're on to our next method
11:41 is to check if you have unclaimed money.
11:43 Now you heard me right.
11:45 You could have money out there that is owed to you.
11:47 You don't even know about it.
11:48 Mary Pittman, also known as America's money angel is here
11:51 and sharing the secrets to finding your free money.
11:54 Mary, take it away.
11:55 It sounds a little too good to be true.
11:56 How do we actually find out if you get the money and get it?
11:59 - It's very easy.
12:01 You go to unclaimed.org
12:03 and check any state you've ever lived in.
12:06 It will take you to the right area.
12:07 It is free to search and free to claim.
12:10 This money can be forgotten savings accounts,
12:13 refunds, rebates, utility deposits,
12:15 life insurance payouts, or retirement plans.
12:20 - So let's all do this together.
12:22 Again, I'm sort of surprised
12:23 that we could all have cash lying out there.
12:25 How much money is unclaimed in America?
12:27 Do you know?
12:27 Is it a lot?
12:28 - About 58 billion.
12:31 - 58 billion dollars?
12:33 - Yes, sir.
12:34 - Well, I'm gonna do this then.
12:37 All right, so I've never tried it before.
12:39 So we're gonna go to unclaimed.org.
12:42 I'm doing it with you all right here, right?
12:44 And then you can, there's the map.
12:46 Click on your state.
12:47 I live in New Jersey,
12:48 but again, I've been in other states too,
12:50 Pennsylvania, you know, anyway.
12:52 It just takes me to New Jersey's unclaimed fund registry.
12:55 I just searched my name.
12:57 Now I was told to search my last name, Oz,
13:00 and then my first name, Mehmet,
13:01 but I could also reverse it
13:02 'cause one of the reasons
13:03 I might not have gotten the money was
13:05 maybe they thought my last name was Mehmet,
13:06 not a surprising mistake.
13:08 And then I search and, oh my goodness, wow.
13:12 I do have unclaimed funds.
13:14 You guys all seeing this?
13:16 Mary, do you know how much I have total?
13:18 - Well, as a matter of fact, I do.
13:20 And as you pointed out,
13:22 playing with your name and reversing the name
13:24 and trying other variations, here's what happened.
13:28 The state told us that there was one listing for you
13:32 for $5,000, but with playing with your name,
13:36 I found an additional $12,000,
13:40 which comes to a total of $17,000 for you, Dr. Oz.
13:44 - I have $17,000 lying around that I didn't know about
13:48 and no one told me?
13:49 - Yes, sir, you do.
13:51 - Oh my goodness, I'm pretty meticulous.
13:53 - And if Dr. Oz can have money like that, everybody can.
13:58 - Darn right.
13:59 So let's do this.
14:00 I'm gonna actually, I'm gonna follow through on this.
14:02 So if I can get that $17,000, which is my pledge right now,
14:05 at this unclaimed money that's really mine,
14:08 I'm gonna take it, I'll give it to charity, right?
14:10 The money wasn't doing any good
14:11 sitting around there anyway,
14:12 so I'm gonna take it and put it towards a cause
14:14 dear to my heart.
14:15 It's my charity, Health Corps.
14:17 You've probably heard of it.
14:18 And it's dedicated to teaching teens all across the country
14:20 how to improve their physical and mental health
14:22 so they can be happier and more productive.
14:24 So it's better use of the money
14:25 than sitting in a bank somewhere
14:26 where no one knows whose it is.
14:29 - Oh, that is so awesome.
14:30 I'm so glad that that money can benefit people.
14:33 - In fact, if you say there's $58 billion out there unclaimed
14:36 I think everybody could hear my voice right now,
14:39 should be checking.
14:40 It could be a hundred bucks.
14:41 It could be a lot more.
14:42 And who couldn't use a little extra
14:44 in their pocket right now?
14:45 It doesn't take much time.
14:46 So here's what the deal is.
14:47 I'm gonna put a link on droz.com
14:49 to the site where you can see if you have unclaimed money
14:51 owed to you right now.
14:52 And then I'm gonna go get my money
14:54 and I'll let you follow my story along.
14:56 So I'll post that video there too.
14:58 So you'll see if it's as easy as Mary says.
15:00 Mary, God bless you.
15:00 You are a little money angel, aren't you?
15:02 (Mary laughs)
15:04 Thanks for being here.
15:05 - I love doing this.
15:06 You never know who's struggling financially.
15:09 Can I throw out one more tip
15:10 that is never given on this topic?
15:12 - Please, a pro tip.
15:13 - If you're looking for a life insurance policy
15:19 and you haven't been able to find it,
15:21 under last name, look under estate of,
15:24 for the estate, to the estate, beneficiary, executor.
15:29 In New York alone, estate of will bring up
15:32 over 38,000 listings that are not searchable
15:35 just by the name.
15:37 - So this is money left to you by somebody else.
15:39 If you just look for it.
15:41 Guys, come on.
15:42 There's literally free money out there
15:44 that was designed for you.
15:45 It's yours.
15:46 It's completely legit.
15:47 Go get it.
15:48 All right, make sure you check out,
15:49 make out her wonderful little book,
15:51 "The Little Book of Missing Money,"
15:53 as she just described it.
15:54 Thank you for watching.
15:55 Don't forget to subscribe and turn on notifications
15:57 so you never miss out on new videos
15:59 to live the good life.