Steve Drake

Weekdays 11:00 am to Noon

Steve Drake, host of KSEV Money Matters, has hosted a talk radio show program concerning personal financial issues in Houston since 1984.  Steve covers various topics on his Money Matters Show including retirement and estate planning; how to invest for your children’s education, and the common  characteristics of people who can save and accumulate money.

Steve Drake is a Senior Vice President with RBC Wealth Management, a division of RBC Capital Markets Corporation, Member NYSE/FINRA/SIPC.

This show does not provide specific investment advice.  Please consult your personal financial advisor, and tax advisor, when making investment and tax decisions.

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29 Comments - Listed Newest to Oldest

  1. J.R. says:

    What age is best to administer Myers Briggs and is it the best assessment for high school children? Who can we reach out to administer as well as help with college entrance “resume” building?

  2. Yan Quist says:

    Steve:

    Love you talk show. I have one question for you since you have disucssed this in you show.

    Where I can find the consultant to do the Myers&Brigg test for my son who will graduate high school next year from Strake Jesuit. You have talked about on the show and I was drving and never get chance to write down the number.

    thanks and very much appreciate your help.

    Yan Quist

  3. carol rees says:

    I need to locate someone to check out the soil and recommend what to do re. foundation for a house near Roundtop, TX. Steve: We have listened to you for several years, and know you have bought/built houses in the “hill country”. Our son bought an “old house” (~1910 vintage, 2 story, updated, etc) which had been moved from rural into Carmine, TX and used as a bed & breakfast for sometime……. HE HAS OWNED IT FOR ABOUT 1 -1.5 YRS NOW.
    Now they bought land in rural Roundtop and are going to re-move the house to the new land.
    The soil is rocky. Question: Should they just put it on concrete blocks like it is now in Carmine. OR should they prepare a concrete slab?

    Who can he call to get a real good opinion?

    Richard & Carol Rees

  4. James Hirsch says:

    You mentioned your car insurance valuation of your property as well as it’s diminished value. Are you aware of a Texas insurance commission communication or other law dictating the methodology the insurance company is allowed to used in determining the vehicles value. We are challenging our insurance company’s appraisal provider.

  5. Tony Carrasco says:

    Steve,
    Please email me the name of the engineer who does a great job at home inspections.

    Thanks,

    Tony Carrasco

  6. AliceAnn Sarfati says:

    8/5/2014
    11:30am
    What was the name of the book? E something…
    Love the show.
    Thanks,
    AliceAnn

  7. A KSEV listener says:

    Listening to you today and wanted to thank you for mentioning “Fixer Upper”. Its quite a hit for HGTV, and our daughter-in-law is the producer. She’s with an independent production company out of Denver (High Noon). They have renewed for another season. She relates that Chip and Joanna are just as genuine in real life as they appear on the screen. We are glad that this program puts a positive spin on Waco and for that matter Texas. Thanks so much

  8. Cindy says:

    What was the tracking i-phone app you talked about on your show today. It was something 365

    Thank You

  9. a h mueller says:

    Today on the news they were talking about the railroad workers in NY or NJ going on strike.
    If you talk about this you might mention railroad workers do NOT pay into SS. They have their own retirement fund.
    These workers average about $85.000 per year. They were offered a 17% raise. They want more.

    good show

  10. Chris says:

    My wife and I moved into our new home in May. As I veteran I used the VA loan and got locked into a 4.25% interest. There is a group I have spoken with before that offers veterans an ARM starting off at 2.5% for the first 3 years then it will only increase or decrease a max of 1% per year depending on what the FED does and has a lifetime cap of 7%. Each year the interest is only applied to the remaining balance of the loan and not to the amount borrowed. Understanding the affects this has on compounding interest, I’m inclined to think this is a good deal, however my wife and I plan on staying in this house for a minimum of 10 years.

    Thoughts? Thanks!

  11. ambrose mueller says:

    Mon you talked about renting vacation homes.
    I was a cop in Ft Lauderdale and the big scam is crooks will rent a winter home to 4-5 family’s for same time period.
    Every winter people show up at a rental house on the beach they have payed for in advance and found other people there who have rented same house.
    Be sure the person your are renting from is the owner or has the authority to rent the home.

  12. Greg says:

    I have quite a bit of money in a company 401K to take advantage of the company match. I hear grumblings from time to time that the government is looking to take control of these, and as free spending as they are, I can see that happening. What are your thoughts on if that will happen, and how to protect against that.

    Thanks

  13. james says:

    Had an idea of something that might be interesting to your listeners. Me included. That would be not just the salaries of our congressmen, but salaries of their staffs. An average congressmen travel costs, housing allowance etc. How much for a lunch in the Congressional dining room, haircuts, limos. Do they actually stay under there budget? What happens if they don’t? Where do they travel and how many people do they take and who pays? Are they each accompanied by a Secret Service agent. If so at what cost? How much and who pays when they fly? What happens if they go over that travel budget? What about the cost of district offices and staffs? Do they drive government vehicles? Do they all have drivers? Car allowances in Washington and at home? Cell phones? Haircuts? Also what other perks do they receive that we don’t know about?
    As I said, it would be interesting to find out some of these things.
    Thanks
    James Meek

  14. Martha says:

    On one of your shows you mentioned a life coach or someone similar that you hired for your children. Can you send me some information on that subject and the individuals information. My grandson is 14 1/2 and we would like to encourage his success.

    Thanks for your help.

  15. Joe says:

    Sorry about the last post. 8 feet by 10 feet would be 80 square feet.Just another brain/finger issue.

  16. Joe says:

    Tiny house. 85 square feet is just over 8 feet by 80 feet. Do you mean 850 square feet?

    Also, about yesterday’s show. The proper term is tax valuation, not tax exemption. The word exemption drives the property tax people almost nuts. Ag tax valuation property owners still have to pay tax.

  17. david lee says:

    Hello I’d like to ask Edward Robinson a question, if you didn’t know the answer.
    I’m going to buy a new home in Spring, or Conroe, because of ExxonMobile moving close there.
    Is it better to have a Post Tension Slab, or Steel Rebar Foundation?
    The new homes seem to all have Post Tension Slab, and I heard don’t buy one like that.
    Can you tell me the better one? Thank you.

  18. Jeff says:

    You need to let everyone know if we miss a show go to the KSEV website and we can listen to your show whenever we want to I just saw that because I rarely go to the website.

    Can you explain how to take your IRA account and roll it into a self-directed IRA account to invest in real estate the process and if that’s a good idea in your opinion?

    I was going to tell you I listen to you nearly every day and it’s the best hour on radio. I listen on my android smart phone at work on Tunein a free app. I can start your show and pause it and start when I want over the next few hours if something comes up at work or I go to lunch, but if you lose signal well then you can lose your program.

    Also I work at an Oil and Gas company and it still amazes me how many checks we send out as the operator of oil and gas to thousands of people every month and that people start to depend on these checks even though they shouldn’t because wells go down or stop producing and several other reasons why it’s a bad idea to depend on the checks.

    Sunday my wife and I did the Texas Bluebonnet Wine Trail and had a lot of fun visiting the Wineries and we went to 3 in the Brenham area and 2 near the Plantersville area. The weather was perfect and the Bluebonnets were beautiful and I was wondering if you can see your place from 290. We had a great time wine tasting and came home with 6 bottles of wine.

    Thank you and have a great day

  19. Clayton says:

    Who is the home inspector you recommend?

  20. Thom Bolsch says:

    Love your show Steve. I always go out for lunch a bit early just so I can catch part of your show. I am retiring from the Federal Government after 25 years as a Special Agent and starting my own business up in The Woodlands. It was a great career but I am ready for a change.

    My question is about a show last week where you mentioned getting eye glasses online for a steep discount. Can you provide the web address again? Even with insurance it seems as if we pay a fortune for contacts and glasses.

    Thanks and keep up the great work.

  21. Chris C. Courtney says:

    Senor Drake,

    Your friends are right to mock you for your haircut choice. WHAT WERE YOU THINKING???

    TGF Haircutters on Tues. haircut price <$13.

    You have a great sense of humor! I like the way you make fun of yourself. You are very secure about yourself.

    Thanks for having Kelly and other friends to share their expertise.

  22. Cheryl Tate says:

    Recently you talked about diminished value for an automobile after having being wrecked. I was rearended in a accident last week causing a lot of damage. A friend told me you had talked about this subject on how to approach the insurance company for loss of value. Can you tell me what day the sow aired and perhaps I can listen to it or what to do?

    Thank you for your assistance. Any help would be greatly appreciated.
    Cheryl Tate

  23. Cynthia Smith says:

    Steve,
    I Just recently bought 9.299 acres in Burton, TX and I am looking for a good but not outrageously expensive builder? I recall you mentioning Chardonnay Farm Cottages in the past but I tried calling and the number has been disconnected. Any other recommendations? Do you know what happened to Chardonnay Farms Cottages?
    Thanks,
    Cynthia

  24. Robert Witt says:

    Steve,

    I’ve been listening to your show recently and in one of the broadcast you gave the name of a professional home inspector, but I can’t remember their name.

    I appreciate your help.

    Sincerely

    Robert Witt

  25. Roy Adams says:

    Steve,
    Please forward me the contact information for the gentleman who helps get the best rates for electricity. I believe his name is Peter Harrington. I lost the phone number you gave me a couple of years ago.
    Roy Adams

  26. Hugh says:

    Getting to the point. I’m building a 1600 sqft house just outside Burton with rattlesnake lime stone, a full masonry fireplace, It is a rectangle house so not any valleys on the roof except the two dormers, copper colored metal roof, stained concrete floors, NO garage, just a slab to build one later. Wood stain walls in 2 bathrooms and ceiling in living room, Knotty alder stain cabinets in kitchen, high end granite counter tops, $251,000

    As you know it will be a little more because things get added as a house is being built.

    Just to add to your show today.

    Thanks,
    Hugh

  27. Jonathan says:

    Steve, love the show but miss it too often, is there somewhere I can go online to listen to past episodes? Thanks

  28. Robert says:

    I have heard you comment about pronunciation and diction, but within 15 minutes you started talking about “Bob wire” around some property in Texas.
    It is pronounced “BARBED” wire, because of the barbs on it not the bobs on it.

  29. Liz Arp says:

    Steve,
    A couple of months ago you had a caller who is involved in the funeral industry. He was talking about the different costs of cremation, what to do when someone dies, etc. Could you tell me his name & contact number. When I got in my car the program was already underway so I missed part of it.

    Thank you. I love your show

    Liz