When I was a kid if I complained about being bored my parents always told me to “use my imagination”. As adults it seems like we have lost our ability to use our imagination. I recently saw an article talking about how the average American spends $2,500 a year on entertainment and several people in the comments mentioned they couldn’t imagine cutting their spending in this category. So the challenge this week is to think about ways to be entertained that cost absolutely nothing (or very little). From free content you can stream on your TV to free apps that teach you how to plan an instrument and much more there is something for everybody to explore. You can have a good time, and save some extra dough!
This episode is a bit different than our usual so buckle in and get ready for a rant. We discuss various spending categories and why it’s important to keep an open mind when you are starting to make budget cuts. Instead of immediately thinking it would be impossible to spend a lower amount each month why not set a goal to spend 5% less in a category than the month before? All these baby steps add up and after all, a Millionaire is Made $10 at a time.
In this weeks episode we talk about the big decision of buying a house. How to make sure you save enough for the down payment, those pesky closing costs, as well as setting up a maintenance fund because if there’s anything we’ve learned in our years of home ownership it’s that you will always need a rainy day fun!
The fourth part of our investing series is here! This one covers some more advanced topics such as timing the market with dividends and TLH. If you haven’t listened to our other three episodes on investing I highly recommend checking those out before jumping into this one!
One of the reasons I started the podcast was every time I talked about personal finance with my friends people often remarked "I wish they taught this in school". We pulled together a list of the things every body should learn about personal finance before graduating high school in this weeks episode.
In a world with so much free content how will the payment system change in the future? Patreon has done a lot to help smaller creators make a living but at the same time that passes the burden onto the listeners to support their favorite producers. It’s a fast-changing industry so on this weeks episode we talk about the various models and discuss why we personally haven’t tried to monetize just yet.
In this weeks episode we chat about the things we actually spend money on and when we do spend money we don’t have any guilt about it! We chatted last week about how we don’t follow a strict budget so while we don’t go overboard in any of these categories we’ve learned to be at peace with our spending levels.
Join us as we chat about how we try to optimize each financial decision we make in lieu of a super formal budget. It’s worked well for us for many years so we wanted to share our thought process!
A large goal for many of our listeners is to help pay for their childs college education. With college costs increasing by 4% each year this can quickly inflate to a large amount. In this episode we tackle how much you need to save per month if you want to pitch in $20k each year for your childs education, this information can be found in the table below. We also chat about how to offset that cost with scholarships, community college programs and even exploring other options to education.
In this weeks episode we continue the discussion on thinking outside of the box and being willing to try to approach life differently. By changing up simple quirks here and there you can start to save more money.
Buyers remorse is more common in home purchases than we thought! From feeling pressured into buying the wrong home to not realizing just how expensive homes can be people have various regrets. Tune in this week to hear about some common regrets and how to avoid them!
Probably one of our weirdest episodes yet...these week we force you to challenge your thinking about any fixed routines you have to see if you can break away from the norm and challenge yourself to try new things or end old habits.
Today is the day, while we've talked about food quite a few times on the podcast we're dedicating a whole episode to it today! Tune in to hear how we were able to keep our grocery bill to a reasonable amount while eating delicious things!
When you look at the average person down the street you probably would never think they are the millionaire right? Surely that’s the person driving a fancy car and living in the bigger house right? Well typically that’s wrong! Usually it’s the frugal badasses that make less but save better than become wealthy while those that make a large income but spend it all on appearing rich never see their net worth grow.
*I was thinking of Jay Leno by the way but the car example was the wrong one to use. Here’s that article: https://www.cnbc.com/2017/03/16/jay-lenos-brilliant-money-saving-strategy-is-something-anyone-can-try.html
So probably my brain merged in this article where Jay Leno is mentioned:
What happens when you graduate and you don’t land the job of your dreams but you still have to start making payments on those pesky student loans. We walk through how to set a low budget to still get those paid off faster than the standard 10 years.
We all know that the best diets in life are the ones that are sustainable for the long run, that make us feel good about ourselves, and that work for our needs and wants to make it easier to stick with it. When you apply that same practice to your finances it actually makes a lot of sense! Whenever you create a budget you need to make sure it includes indulgences every once it a while so that you can stick with it. You also will realize that at some point when you’re in the middle of your journey it doesn’t feel exciting anymore - this is when putting things on auto pilot is your best friend. Just set it, and forget it, and you’ll be amazed how quickly you can grow your savings.
I saw a statistic recently that well over half of the population doesn’t know what compound interest in. Join is as we break it down and explain it so the everyday person can understand it and understand how to harness the magic to build wealth!
In this weeks episode we discuss our best and worst financial decisions over our lifetime and dive into what things set us up for future success and what areas we had some lessons learned.
How many of us actually take the time to figure out how much we’re paying per mile? The answer is typically very few. In this weeks episode we break down how much your car is really costing you per mile and look at various examples to illustrate the point. What if I told you you could be $100k richer in 10 years just by driving a different car? If we think about it that way it almost feels like a no-brainer to pick the economical choice! Plus, what’s the deal with Teslas? We chat about all of that and more on this weeks episode so tune in to find out how driving a Prius can help build wealth.
The definition of luck is where opportunity meets preparation. Join us in a laid back episode where we chat about various business ideas we’ve tried and lessons learned along the way. We also discuss how having self-control can help you save money and various ways we incorporate that into our daily lives.