What separates successful small businesses from failures? There's so much that goes into owning your own business we are really just scratching the surface in this episode as we discuss traits of highly effective people, how to incorporate these into a business to be more successful and what topics you should learn more about to be successful. We'd love to do more so if you want to hear about business topics leave a comment or shoot us an email!
Would you describe yourself as frugal? 5 years ago I would not have but now I would say it's a pretty accurate description. Join us as we chat about how we've slowly become more frugal over the years and give some fun facts on why you might want to consider it too!
This week we dive into our first case study! A listener contacted me and asked for help to break out of poverty. After arming myself with research and crunching the numbers I helped come up with an action plan to turn the train around and start building wealth. 45 million Americans find themselves in poverty and since I aim to be a podcast for the Average Joe it means tackling the tough issues and helping people pave their path to a better future. I cannot wait to see how they turn their lives around and climb out of poverty.
In part one we talked about saving money for your short, mid and long term needs. In this episode we talk about the other half of that: distribution! Someday you'll need access to that money you've been saving up so we wanted to chat about the best ways to tap into it. 20% of Americans run out of retirement money within 6 years because they take the lump sum of money out of their retirement accounts. In this we chat about what strategy you should use to make sure you don't out live your money!
Join us for the 1st of a 2 part episode. In this one we chat about how much you should be saving for your short term, medium term or long term goals! We also define what goals fall into which buckets and what tools you should use to reach your goals. So often we hear you should be saving x% of your income but finally we share where to put all that savings!
In our third episode on investing we talk about how to actually invest in the stock market! There are so many options out there now and we try to touch on all of them. Despite popular belief you don't have to travel all the way to NY and put your order in on the stock floor anymore - there are plenty of electronic ways to invest which makes it super easy to automate and take full advantage of dollar cost averaging.
Who runs the world? Girl! Unfortunately women typically are not running the financial world. It's still primarily dominated field with investment managers being 93% male! Over a 35 year working career the investment gap averages one million dollars! Study after study shows that women do not invest at the same rate as men for a multitude of reasons. One of my goals is to help educate women and men to make them more comfortable putting their dollars to work for them. Join me as I discuss these topics and propose solutions to remedy the situation!
We decided to become a one car family! Join us as we talk through that decision and discuss how much we'll be able to save by ditching the spare car. We will definitely keep you guys updated on how well this is working for us. We do live in a very suburban area that is very car heavy but by prioritizing this goal we were able to move close to work and stores to get down to one vehicle.
Obviously when you combined finances certain areas can be reduced but not always as much as you think. Join us as we discuss how we saved when we had single incomes versus how we merged finances and increased our savings rate. No matter where you are in your journey it's always a good idea to review your big ticket items and make sure you are content with your spending levels and make sure your savings rate is where you want it!
In this weeks episode we discuss various financial terms and break down the definitions to help you understand them. A lot of financial topics seem more complicated then they really are so we demystify various topics this week!
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In this weeks episode we chat about the various stages of debt, saving, and finally having "FU" money. Depending where you are in your journey sometimes it helps to hear what emotions other people felt while on theirs. I know at times during debt pay-off or saving money it can be hard to stay motivated but it's always worth it!
How much should you spend buying your next car? How long should your lease be for? What percentage down payment should you save? We answer all of these questions and more in this weeks episode as we discuss how to handle the car buying process and emerge without feeling underwater on car payments each month. As the average price of a car hit an all time high last year it's time for us to re-evaluate how we set our budgets and make sure we're not buying up for no reason.
In this weeks episode we chat all about credit scores. The factors that go into determining your score, how to improve your score, and how to stay on top of what your number is. Credit scores can be overwhelming and confusing but we break it all down for you in this episode!
In this episode we chat all things retirement! Are you on track for your age? Do you know how much you need to save to hit your goals? What if you want to retire early? We answer all of these questions and more in this weeks episode!
It can be difficult to determine where your hard earned savings should go. It's difficult to determine if you should focus on building up your emergency fund or start saving for retirement. In this episode we discuss how to optimize your savings and give advice on what savings vehicles you should be using.
Join us this week as we discuss how to determine how much house you can afford and walk through an example. We break down the numbers and talk about how much closing costs are, what a PMI is, 15 year vs 30 year mortgage and more.
As always we're happy to answer any questions you may have. Either leave a comment below or send an email to email@example.com
When your car stalls out you go to a mechanic, when you need a root canal you go to a dentist, so who do you go to when you need help with your finances? Well usually a financial planner, or perhaps a financial coach. What's the difference anyway? And how do you pick one? We discuss all that and more on this weeks episode.
One huge way to get ahead financially is to make the switch from consuming content and goods to producing some of your own. This is a largely mental task because once you realize you have the power to create anything you want you realize just how easy it is. This is a case where optimism and simply getting started can go a long way. Everyone has a skill they could put to work and we could all learn from each other. So let's start the discussion and create a community where we support local makers!
This weeks episode dives into questions from listeners as we discuss where to hold your mid-term savings, what you should do during a market correction and how to start saving small amounts to reach your big goals! We listened to what you wanted to know and merged a few questions to make one awesome episode. So listen, let us know what you think and feel free to shoot any other questions our way!
This episode we discuss all of the financial topics you should be reviewing on an annual basis. From 401k/403b contributions, to rebalancing your portfolio, to expenses, & taxes we touch on all of it! While that all might sound intimidating in writing - have no fear! We make sure it's easy to understand in our episode to make sure you set up 2018 to be your most successful year yet. After all: if you fail to plan, you are planning to fail.