Shows
It Doesn't Make CentsWhat would you do differently with your money if you weren’t constrained by “supposed tos?”We’ve talked a lot about what we’re “supposed” to do to be real adults and be considered successful on the right path. We've tackled everything from college to marriage to homeownership to having kids.Topics covered in this wrap-up episode* What makes an adult?* Do you really want to follow that prescribed path?* The importance of re-examining your life path and money to determine if you really want to do it.* Realities of today: working hard doesn’t guarantee you financial success.* What’s something each of us w...
2024-12-2024 min
It Doesn't Make CentsAre you stupid if you live in a high-cost area?Geo-arbitrage is the practice of moving from an area with a high cost of living to a place with a lower cost of living. It’s one of the bits of advice some FIRE enthusiasts suggest for those looking to reach financial freedom faster. But does using geo-arbitrage always make sense?Topics covered in this episode on geo-arbitrage* What is geo-arbitrage?* Is moving really just about the money?* How to understand your lifestyle and how it fits into geo-arbitrage* Reasons to move * Realities of moving to a lo...
2024-12-0331 min
It Doesn't Make CentsShould you bust your butt to maximize your earning potential?We’ve talked a lot about hustle culture and the grindset bros and girl bosses who drive the narrative that time is money and you must be productive all day, every day. But is being a workaholic really the way to make all the money?In this episode, we discuss how you don’t always have to be productive and how sometimes it’s okay just to do something because you enjoy it and not because it makes you money.Topics covered in this episode on finding time to NOT be productive* Th...
2024-11-2737 min
It Doesn't Make CentsThere's no ladder to climbA friend recently walked off a job that pays fairly well for this area because the work environment was toxic and he wasn’t getting the time and flexibility he needed to be with his son. In fact, an MIT Sloan Management Review survey from 2022 pegged a toxic work environment as the number one indicator of people leaving during the Great Resignation.You don’t need to stick with the traditional career path, staying with a job for two to three years—or longer. There are a number of interesting ways to change things up and ge...
2024-11-1924 min
It Doesn't Make CentsMiranda and Sarah Rant About Some Money Stuff (With the Help of Some Friends)The whole point of It Doesn’t Make Cents is to look at different ways to do money. There are so many different strategies you can use to manage your finances. So we asked some friends what they do with their money—and you might be surprised at how it’s a little different. Consider supporting us by upgrading to a paid subscription here (so we can continue to keep doing this work)Or, for a one-off donation, buy us a refreshing beverage on Ko-fi.And make sure you check out our we...
2024-08-2029 min
It Doesn't Make CentsUsing Debt to Help Your Finances (season one wrap-up)This season, we’ve looked at debt from a different perspective. So often, we believe that debt = bad. Even worse, our society often views it as a moral failing. The reality is that debt is sometimes necessary—and it can even be a tool to help you better your finances. Listen to our season wrap up with more perspectives on why debt may be a necessity.Some of the things we bring up include:* How the rich use debt to borrow and spend using stocks and other assets as collateral and to avoid sell...
2024-02-2728 min
It Doesn't Make CentsUsing debt to "start over"This episode is about how sometimes you really need debt to move forward in your life. And even if you don’t need it, sometimes it can be a big help and well worth it to use debt as a tool to level up.Where we got examples of costs:* The average cost to move across the country when you have two to three bedrooms is between $3,000 and $9,500.* On average, divorce lawyers cost $270 per hour, with a total average cost of $11,300. * The average cost of immigrating to the U.S. is $1,200 to...
2024-02-1341 min
It Doesn't Make CentsPersonal Loans as Part of Your Budget?This episode dives into personal loans and how they can be helpful for managing cash flow and how sometimes debt is a lifeline for some folks who need a leg up.We cited information about debt, specifically student loans. Here’s where we got it:* Lending Tree personal loan statistics* Credit card trends before and after the pandemic (Government Accountability Office)* Bankrate personal loan rates* Bankrate credit card rates* Reuters reports credit card debt topping $1 trillion* Clever survey results: people using credit cards for necessities...
2024-01-3039 min
It Doesn't Make CentsLet's Finance a New Car!One of the biggest rules in personal finance is to buy a used car with cash. You hear stories about how your car loses value as soon as you drive it off the lot. That used car has already seen its biggest depreciation and borrowing just makes it all worse.But what if it makes sense to buy a new car with debt, as long as you acknowledge what you’re doing and you have other plans for your money?Consider supporting us by upgrading to a paid subscription here (so we can co...
2024-01-2327 min
It Doesn't Make CentsInvest or Pay Off Debt?There's a whole "order" you're supposed to be following when working toward financial freedom. In fact, some gurus -cough- Dave Ramsey -cough- will tell you that you need to pay off ALL your non-home debt before you start investing. But should you really tackle your lower-rate student loans or other debt before you let compounding returns work in your favor?We're not so sure. Let's take a look at investing while you have debt and how to decide what to tackle first—or even if you need to choose.There’s a lot of talk abou...
2024-01-1636 min
It Doesn't Make CentsIt Doesn't Make Cents Coming January 16!Introducing It Doesn’t Make Cents, a podcast by Sarah Li Cain, AFC© and Miranda Marquit, MBA, launching January 16th.Are you REALLY doing money wrong? Good news: you aren’t doomed to a lifetime of financial failure because you aren’t saving to buy a house, buy a TV with a credit card, or have student loan debt. Get away from all the “supposed-tos” and stop beating yourself up over perceived mistakes. We’re here to debunk prescriptive money rules and inject a little nuance into your financial life. This season we’re talking abou...
2023-12-2001 min
Adulting.tv PodcastAdulting.tv LIVE! How Couples Resolve Differences with Talaat & Tai McNeelyHarlan L. Landes and Miranda Marquit welcome Tai and Talaat McNeely. The guests open up about their struggle with communication about finances early in their relationship, and how they overcame obstacles as a couple. Their story is inspiring, and the guests are candid in their sharing of their mistakes as well as the lessons they've learned.
2017-01-2149 min
Money Mastermind ShowGetting The Most Out Of Your Credit CardsAre credit cards really all bad? The fact of the matter is that with a little planning, you can get the most out of your credit cards. View your credit cards as a tool, and you might be surprised at what you can accomplish. David Rubenstein from Credit Shout joins us to talk about strategies to make the most out of your credit cards. Our panelists also get in on the action by sharing their own tips and tricks for getting more from credit cards. https://moneymastermindshow.com/most-out-of-your-credit-cards/ Important issues discussed in...
2016-10-1033 min
Money Mastermind ShowBudgeting and Cultivating a Dream LifestyleIs it really possible to create your dream lifestyle? With planning and determination, our guest Jason Vitug, the founder of Phroogal, traded in his corporate job for a dream lifestyle. Now he travels the country teaching others how to do the same. Some of our own panelists are also creating their preferred lifestyles. Find out how to figure out what you want your dream lifestyle to look like, and how you can take charge of your finances to make it happen. https://moneymastermindshow.com/dream-lifestyle/ Important issues discussed in this episode: Is...
2016-10-0328 min
Money Mastermind ShowWhat Does Wealth Mean to You?What does it mean to be wealthy? The truth is that we all have different ideas about what wealth is, and what it means to be rich. Join the hosts of the Money Mastermind Show as they discuss what wealth means to them, and as they consider what it takes to be truly wealthy. You might be surprised to discover that wealth is a state of mind, and not so much a number you’re supposed to reach. https://moneymastermindshow.com/being-wealthy/ Important issues discussed in this episode: What is tr...
2016-09-2626 min
Money Mastermind ShowHow To Use Side Hustles To Increase Your IncomeAre you hoping to increase your income? The good news is that you can always make more money. With the help of side hustles, you can increase your income and work toward your most important money and life goals. David Carlson, the author of Hustle Away Debt joins us to talk about the side hustles you can start today to boost the amount of money in your life. You’ll learn how to turn wasted time into profits, and what it really takes to be successful if you want to make money outside your 9-to-5. http...
2016-09-1936 min
Money Mastermind ShowRapid Debt Reduction: Can You Pay Off $50,000 in 18 Months?Are you drowning in debt? Do you wish you could get rid of it as soon as possible? Our guest Deacon Hayes from the Well Kept Wallet paid off $50,000 of debt in 18 months. Do you have what it takes for rapid debt reduction? Even if you aren’t interested in being that extreme with your debt repayment, this episode can still help you figure out the best way to pay down your debt, change your spending habits, and take back your financial life. https://moneymastermindshow.com/rapid-debt-reduction/ Important issues discussed in this episode:
2016-09-1232 min
Money Mastermind ShowHow To Save Money By Meal PlanningAre you looking to save money over time? You might be surprised at how much you can save with the right meal planning. You don't have to spend a lot of time putting together a meal plan, either. You may not even have to clip coupons. Erin Chase from $5 Dinners joins us to share her strategies for saving money and eating healthy with the help of meal planning. https://moneymastermindshow.com/save-money-meal-planning/ Important issues discussed in this episode: Do you have to clip coupons to save money on food? Simple strategies for...
2016-06-1727 min
Money Mastermind ShowWhat Do Millennials Need To Know About Money?A lot has been said about millennials and how they handle money. In this episode, the crew talks about what millennials need to know about money today. Drawing from some of our own mistakes with money, we talk about ways that the following generation can avoid falling into the same traps. https://moneymastermindshow.com/millennials-money/ Important issues discussed in this episode: What are some of the money millennial trends? Are there some general mistakes that millennials are making with their money? Mistakes we made when we were younger. How millennials can change...
2016-06-1026 min
Money Mastermind ShowWhat To Know When You Start InvestingAre you concerned about getting started as an investor? You know that you need to invest if you want to build wealth over time. But do you have the tools you need to start investing? Stuart Ritter, VP of T. Rowe Price Investment Services, talks to us about how simple it can be to start investing, and what you can do to begin building wealth today. https://moneymastermindshow.com/start-investing/ Important issues discussed in this episode: What does it mean to be an entrepreneur? What makes someone a serial entrepreneur...
2016-06-0322 min
Money Mastermind ShowDo You Have What It Takes To Be A Serial EntrepreneurDo you dream of being your own boss? In theory, it sounds like a great idea. Creating multiple businesses, growing your wealth and living the dream, might even be more attractive. But is everyone meant to be a business owner? Even if you have a business, do you have what it takes to be a serial entrepreneur? You might be surprised to discover how much work and sacrifice it takes to start a business, and then start another, and another. Jim Wang, a serial entrepreneur and millionaire, joins us to talk about what i...
2016-05-2735 min
Money Mastermind ShowOur Favorite Personal Finance BooksAre you looking for new insights and ideas about money? Pick up a book! We discuss our favorite personal finance books and some of the ways they influenced the way we manage money. Add new books to your reading library and learn something new about money and money mindset. https://moneymastermindshow.com/personal-finance-books/ Important issues discussed in this episode: How to find personal finance books that help you reach your goals. Suggestions for reading to learn more about money. Choosing books that speak to you where you are. The best ways to b...
2016-05-2033 min
Money Mastermind ShowDeal Stacking: How To Maximize Savings In Grocery And Retail StoresThis isn't your mom's extreme couponing. Join us as we talk to Kyle Taylor from The Penny Hoarder about deal stacking and how it can be used to save money on almost everything you buy. This isn't about clipping coupons. It's about using credit rewards and stacking them with online rebates and making other moves to avoid paying full price on everything from travel to household appliances to clothing. https://moneymastermindshow.com/deal-stacking-save-money/ Important issues discussed in this episode: You don’t have to use extreme couponing to save big bucks. How you...
2016-05-1329 min
Money Mastermind ShowOur Favorite Personal Finance SoftwareThere are many different personal finance software options available today. Many of them have features that you might find helpful in managing your finances, but not all of them are the same. Depending on your style, some personal finance software programs might work better than others. In this episode, the Money Mastermind Crew discuss their favorite software for tracking their personal finances, goal setting and staying on top of our finances from day to day. https://moneymastermindshow.com/mms077-favorite-personal-finance-software/ Important issues discussed in this episode: What are the advantages of using...
2016-04-2930 min
Money Mastermind ShowThe Two Pillars of Wealth-BuildingWhen it comes to building wealth, there are two main things to focus on: investing and creating a business. Long-term, you won’t be able to build the wealth you dream of if you are working for someone else or you aren’t investing. If you want to be more effective at wealth-building, start now to invest for the long haul, and consider creating a business that can provide you with income now and later. Joining us to talk about building wealth by using more than just a day job income is Linda P. Jones of B...
2016-04-2227 min
Money Mastermind ShowHow To Set Realistic And Achievable GoalsDid you give up on your New Year resolutions ages ago? That doesn't mean that it's the end of the road for you. You can set realistic and achievable goals any time of the year. Don't get bogged down by excessive expectations, and don't assume that you can't start over again. Forget about the idea of only setting goals at the beginning of the year. We talk about how you can always be achieving your next money milestone and creating goals to help you get closer to the life you want. https://moneymastermindshow...
2016-04-1527 min
Money Mastermind ShowWhat You Need to Know About Moving for Your CareerAt some point, you are likely to face the choice of moving for your career. Finding a new place to live, along with a new job, can be good for your finances and your life. Before you take the leap, make sure it’s the right move for you. Jessica Moorhouse joins us to talk about her experience moving across Canada for a career opportunity. Whether you have a company willing to pay your costs, or whether you just hope to find greener pastures, here’s what you need to know about moving for your care...
2016-04-0826 min
Money Mastermind ShowCan You Really Reach Financial Independence?The idea that you can reach financial independence is one that inspires many. What would it be like to be in a position where you don't have to worry quite as much about money? Sean Cooper joins us to talk about what he's doing to reach financial independence -- including how he paid off his mortgage in just three years. https://moneymastermindshow.com/reach-financial-independence/ Important issues discussed in this episode: What does it mean to reach financial independence? What are some of the steps you need to take to improve your finances...
2016-04-0122 min
Money Mastermind ShowAre MLMs a Good Source of Income?Many of us are looking for another source of income. You might try to look for a side gig to start a new full-time business. One way that many people use to make money is multilevel marketing (MLM). However, an MLM might not be your best option when it comes to a source of income. In fact, many of the MLM companies out there are more like pyramid schemes than anything else. Consumer advocate and MLM expert Brian MacFarland from Lazy Man And Money joins us to talk about MLM companies and the reality of...
2016-03-2556 min
Money Mastermind ShowCan You Raise Your Kids without Going Broke?Kids can be expensive. The USDA estimate that it costs more than $200,000 to raise one child from birth to college. Can you really raise your kids without going broke? Brynne from FemmeFrugality joins us to talk about raising kids on a budget. She also includes her perspective on raising a child with special needs. You don't have to spend a fortune to raise your kids. We talked about how you can still provide great memories without breaking the bank. https://moneymastermindshow.com/raise-your-kids/ Important issues discussed in this episode: Why i...
2016-03-1837 min
Money Mastermind ShowHow a Financial Planner Can Help YouAre you stuck about what to do with your money? Are you unsure of where to go next? A financial planner might be able to help. There's a reason that even financial professionals look to others for an outside opinion. A good financial planner can help you see new things about your finances, and make a plan for the future. Katie Brewer from Your Richest Life joins us to talk about the importance of a fresh set of eyes when it comes to your finance future. https://moneymastermindshow.com/episode70-how-a-financial-planner-can-help-you/ Important issues d...
2016-02-2647 min
Money Mastermind ShowHow to Talk About Finances When Your Partner has Different PrioritiesNavigating money issues in a relationship can be tricky. How can you accommodate different spending priorities with your partners? How do you discuss your finances, and how can you compromise with your choices? Join us as Talaat and Tai McNeeley of His And Her Money join us to provide tips for how to talk about finances with your partner. https://moneymastermindshow.com/episode69-how-to-talk-about-finances-when-your-partner-has-different-priorities/ Important issues discussed in this episode: Why is money so hard to talk about in a relationship? The importance of understanding individual and shared priorities. How to talk ab...
2016-02-1947 min
Money Mastermind ShowEntrepreneurs When Is It Time To Quit Your Real Job?If you're an entrepreneur, the ultimate goal might be to quit your job and do what you love full time. But when do you know it's time to bail? Steve Chou from My Wife Quit Her Job, Profitable Online Store, and Bumble Bee Linens, has built more than one successful business, and he joins us to talk about how you can figure out when it's time to quit your job and devote more time to your business ventures. http://moneymastermindshow.com/episode68-entrepreneurs-time-quit-your-job/ Important issues discussed in this episode: How do you k...
2016-02-0448 min
Money Mastermind ShowHow to Reduce Your Health Care CostsHealth care costs have been on the rise for decades. However, in recent years, the rate at which health insurance premiums have been rising is slowing. No matter what happens, though, the for-profit nature of our system means that health care costs are always going to go up. Investors expect to be paid, and that means prices will always be going up. But that doesn't mean you can't make moves to keep your expenses under control. Jennifer Fitzgerald, the CEO of PolicyGenius.com, joins us to talk about the things you can do to reduce your health...
2016-01-2847 min
Money Mastermind ShowHow to Negotiate a Better SalaryWe all wish we made more money. However, you have better chance of making that money if you ask for it. Before you ask for a raise, though, it's important to do your research. Jason Hull from myFinancial Answers joins us to talk about how to negotiate a better salary. If you are trying to decide how much to ask for, and how to approach the situation, this episode is for you. https://moneymastermindshow.com/episode66-how-to-negotiate-a-better-salary/ Important issues discussed in this episode: Is money everything when it comes to salary? Why...
2016-01-1952 min
Money Mastermind ShowWhat Gives Someone Credibility As An Expert? LIVE at #FinCon15LIVE from the TradeKing Podcast Stage at #FinCon15, we talk to a host of great past and future guests about what makes someone a financial expert. We also talk about how much you can trust financial experts and discuss some really bad financial advice. https://moneymastermindshow.com/episode65-what-gives-someone-credibility-as-an-expert/ Here’s who joined us on our special live episode: Khaleef and Sherrian Crumbley | http://knsfinancial.com | http://fatguyskinnywallet.com Harlan Landes | http://plutusawards.com Alan Steinborn | http://realmoneylife.com Eric NIsall | http://www.dollarversity.com/ Kirk Chisholm | http://www.innovative...
2016-01-1739 min
Money Mastermind ShowAlternative Investments - Should You Invest Outside Of The Stock Market?With the stock market somewhat volatile, many people are looking for ways to make more money outside "traditional" means. Alternative investments like real estate, tax liens, private mortgages and others might be the way to go. You might even be able to enjoy a tax advantage with a self-directed IRA. But are these investments right for you? Kirk Chisholm of Innovative Advisory Group joins us to talk about some of the alternative investments his clients choose, and what you need to know before you risk your hard-earned cash on the next big trend.
2016-01-131h 00
Money Mastermind ShowBetter Quality of Life through Lower Cost of LivingCould you actually see a better quality of life if you choose to move to an area with a lower cost of living? Aja McClanahan from Principles of Increase joins us to talk about how she enjoys a higher quality of life by living in an area that costs much less than the surrounding area. Other members of the show also talk about their decisions to make the move to places that cost less in order to see a better quality of life. When you live in an area with low costs, there is a go...
2016-01-0649 min
Money Mastermind ShowHow Your Life Habits Affect Your FinancesCan the way you live your life affect your finances? Yes it can! Josh Elledge from Savings Angel joins us to talk about how your lifestyle habits and choices can impact your finances. Don't let your lifestyle drain your money resources. https://moneymastermindshow.com/episode62-how-life-habits-affect-finances/ Important issues discussed in this episode: What life habits are most likely to impact your finances? How can you change your mindset to avoid seeing too many negative impacts on your financial situation? Strategies for saving money and living on less. Panelists In...
2015-12-2355 min
Money Mastermind ShowWhat to Do When the Stock Market Goes DownWe've seen quite a few moments of volatility in stock market during recent months -- including dramatic drops of more than 200 or 300 points. But do you really need to freak out and sell when the stock market goes down? The reality is that too many people realize losses when they panic and sell while the market is down. Instead of making a terrible decision and locking in your losses, you should step back and examine your options when the stock market goes down. If you have the right approach, you can ride out a stock m...
2015-12-0953 min
Money Mastermind ShowThe Power of Positive Thinking for Your FinancesDo you feel down about your money situation? You might surprised to know how effective positive thinking for your finances can be. We chat with the Debt Free Guys about how they turned their financial life around, starting with the stories they told themselves. They also diagnose Miranda’s difficulties with positivity following some major life changes. No, positive thinking alone won’t fix your finances. But it can be a good start. Find out how to combine positive thinking for your finances with action to achieve your money goals. https://moneymastermindshow.com/epis...
2015-12-0253 min
Money Mastermind ShowHow to Save Money By Making the Old Seem NewAre you constantly trying to update your outdated technology, clothing, and other items? Do you find it takes a lot of money to keep up with these costs? Michelle Jackson of Shop My Closet joins us to talk about how to save money by giving your old things new shine. Don’t get caught in the trap of discarding old things — and replacing them with new — before all the usefulness is gone. If something looks dull, you can make it shine again with a few simple strategies. We talk about how you to save money when y...
2015-11-2551 min
Money Mastermind ShowCan Minimalism Help You Save Money?One of the best ways to save money is to not spend it in the first place. Have you ever thought about minimalism? The idea is to live with fewer things in order to have more money for what really matters. Can minimalism help you save money? Our guest Cait Flanders thinks so. She talks about her year-long shopping ban, frugality, and her own experiments in minimalism. The rest of our panelists don’t think you have to stop buying altogether to save money. Applying minimalist principles can help you save money in various aspects of...
2015-11-1856 min
Money Mastermind ShowHow to Save Money on Your Next MoveMoving is expensive, whether you are going across town or across the country. Here’s what you need to know how to save money on your next move, from getting the right transportation to making sure all of your belongings are properly packed. Our panelists have recent experience in moving, so buckle up for an informative show! https://moneymastermindshow.com/episode57-save-money-next-move/ Important issues discussed in this episode: Why is moving so expensive? Are there strategies you can employ to reduce the cost of moving? What are the different tactics to use wh...
2015-11-1251 min
Money Mastermind ShowFunny Financial StoriesAre you looking for a little comic relief when it comes to money? In this fun episode featuring the always-entertaining Joe Saul-Sehy, we talk about our funny money stories. Some of the highlights include: A couple whose weekly budget included $100 for marijuana The hope of winning $25,000, only to be disappointed A teenager who managed to (accidentally) mount a car on a brick mailbox Two college kids who got stranded in the desert and a $435 tow bill The time a few thousand Canadians drank all the beer in a small North Dakota town These are true funny financial...
2015-10-2154 min
Money Mastermind ShowHow to Save Money on Your WeddingAccording to TheKnot.com, the average wedding costs more than $30,000. Even more conservative estimates put the average cost of a wedding at more than $20,000. But do you really have to spend that much? Sandy Smith from Yes, I Am Cheap spent less than $5,000 on her wedding in New York City. She, and the members of our panel, have tips on how to save money on your wedding. You don’t need to go into debt to have a great wedding. https://moneymastermindshow.com/episode55-how-to-save-money-on-your-wedding/ Important issues discussed in this episode: Why do peop...
2015-10-1458 min
Money Mastermind ShowHow to Avoid Financial ScamsEverywhere you turn, it seems as though someone is trying to separate you from your hard-earned cash. If you want to keep your money safe, you need to avoid financial scams. Mark Tan from Thrivent Financial joins us to talk about common scams and how to spot — and avoid — them. We also talk about identity theft, how to protect your identity and what to do if your identity is compromised. https://moneymastermindshow.com/episode54-how-to-avoid-financial-scams/ Some important issues discussed in this episode: What are the most common financial scams, and how do scam...
2015-10-0652 min
Money Mastermind ShowMoney Moves to Make in Your 20sYou're in your 20s and just figuring it out. One of the most important things you can do is get on the right track with your money. Martin Dasko from Studenomics joins us to talk about the best things you can do with your time and effort to start on the right financial foot. We also talk about the importance of making the right money moves without missing a party, and the older panelists look back on what they wish they had done in their 20s. https://moneymastermindshow.com/episode53-money-moves-for-your-20s/ Some...
2015-09-2749 min
Money Mastermind ShowShould You Pay Off Your Mortgage Early?For most people, a mortgage is something that sticks with you for decades. But there is a way to get beyond it: pay off your mortgage early. Kornel Szrejber from BuildWealthCanada.ca joins us to talk about how he paid off his mortgage in six years. Should you pay off your mortgage early? Or are there other ways to use your money? https://moneymastermindshow.com/episode52-should-you-pay-off-your-mortgage-early/ Some important questions discussed in this episode: Is it really possible to pay off your mortgage early? Even if you can pay off your mortgage ea...
2015-09-041h 00
Money Mastermind ShowSimplifying Your Financial PlanWhat if you could create an executive summary of your financial plan and put it where it could remind you of your values every single day? That’s what Carl Richard’s, the best-selling author of The Behavior Gap and The One Page Financial Plan, talks about in this week’s episode. If you’re ready to base your money decisions on your values, and simplify the financial planning process, this episode is for you. We share practical, actionable tips for drilling down to the essentials and building your financial plan around what matters most to you. http...
2015-06-1941 min
Money Mastermind ShowHow to Manage Money When You’re in a RelationshipOur experiences shape our relationships with money. When you add another person to the mix, things can become stressful. There are times that, even when you feel you are with your perfect match, that you might not be on the same financial page with your partner. Managing money as a couple requires openness and communication. Elle Martinez from CoupleMoney.com joins us to talk about how to start financial discussions, as well as how to compromise when you and your partner think about money differently. Learn how to understand yourself and your partner better so th...
2015-06-1246 min
Money Mastermind ShowHow To Prepare For Financial MilestonesWe’re told that there are certain financial milestones we’re supposed to reach in order to be successful. Some of the main financial milestones considered “normal” include college, marriage, buying a home, having children and retirement. Do you have to reach all of those milestones, though? How do you decide which milestones should be part of your own life? In this episode, recorded on our one-year anniversary, a crew of past guests join us to talk about milestones, money and how to plan for the life you want to live. https://moneymastermindshow.com/episode49-how-to...
2015-06-051h 03
Money Mastermind ShowHow to Start Fixing Your RetirementThe three-legged retirement stool is broken. You can’t rely on Social Security and the pension system isn’t fool-proof. All that’s left is your own savings. We’re joined by Andrew Meadows from BrokenEggsFilm.com, a documentary about the looming retirement crisis in America. We talk about how we got to this point and what you can do to shore up your own retirement. We also wade into the murky waters of public policy and try to figure out what can be done to fix the retirement system. https://moneymastermindshow.com/episode48-how-to-start-fixing-your-retirement/ So...
2015-05-2954 min
Money Mastermind ShowHow to Financially Prepare for Major Life ChangesLife is about change. We all experience major changes in our lives, whether we are getting married, losing a job, moving across the country or preparing for a new baby. These major life changes are often expensive, however. How can you prepare for a major life change? This week the crew discuss some of their own major life changes, and what they did to prepare for them. We talk about the practical steps you can take to shore up your finances and protect your assets, and what you can do if the major life change is unexpected.
2015-05-2357 min
Money Mastermind ShowWhat if You Can’t Pay Your Student Loans?Outstanding student loan debt tops more than $1 TRILLION. And, as anyone who has graduated in the last couple of years knows, finding a job that earns you enough to repay your student loan debt is difficult. The good news is that you have options when you can’t pay your student loans. Jay Fleischman of The Student Loan Show joins us to talk about what you should do if you can’t make your student loan payments. Find out why you should avoid forbearance and deferment at all costs, and learn what you can do to be smart...
2015-05-1953 min
Money Mastermind ShowWill Cutting Coffee Make You a Millionaire?Most of us have heard of the “Latte Factor,” a term introduced in David Bach’s book The Automatic Millionaire. But will cutting coffee (and other little expenses) from your life really turn you into a millionaire? Matt Giovanisci from Roasty Coffee and Stephanie Halligan from You Deserve More join us to talk about the realities of penny pinching. Along the way, we learn about coffee made from the poop of a mountain cat and talk about someone’s Penthouse subscription. Oh, and we also include strategies that will help you reform your financial life and actually ge...
2015-05-1556 min
Money Mastermind ShowWhat Does It Take To Be An Entrepreneur?It seems like everyone wants to be an entrepreneur. But what separates the entrepreneur from the small business owner? Jason Vitug, the founder of Phroogal.com is learning what it takes to be a successful entrepreneur and he joins us to talk about it means to strike out on your own. We talk about what you can do to determine if you are cut out to be an entrepreneur, and what steps you need to take if you’re ready for the plunge. https://moneymastermindshow.com/episode44-what-does-it-take-to-be-an-entrepreneur/ Some important questions discussed in this...
2015-04-1757 min
Money Mastermind ShowMoney Jokers Ruining Your FinancesIn this episode, we’re joined by a cast of financial experts who chime in on what makes money jokers. You might be surprised at how costly fees can be. Without paying attention, you might get roped into a monthly payment plan that costs you more in the long run. Before you make a purchase, do your research. We’ll help you spot money jokers so that you can sidestep efforts to separate you from your hard-earned cash. https://moneymastermindshow.com/episode43-money-jokers-ruining-your-finances/ Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young...
2015-04-0257 min
Money Mastermind ShowWhy You Need to Know Your Opportunity CostIn this episode we discuss the concept of opportunity cost with special guest Kevin Stewart from stocksfortheweek.com. We look at opportunity cost, and how it could be killing your financial future. What is opportunity cost? How can you determine if something is worth the cost? Is it about more than just money? https://moneymastermindshow.com/episode42-why-you-need-to-know-your-opportunity-cost/ Some important questions discussed in this episode: What is opportunity cost, and how does it impact your life? What else could you be doing with your money? Could what you spend now be the key to a fi...
2015-03-2743 min
Money Mastermind ShowWhat Traits Make a Millionaire?Ever wonder what makes a millionaire tick? Why does that person become one and another doesn’t? Ever wonder how you could be a millionaire? Tonight we delve into the traits that make you a millionaire, while referencing the works of Thomas J. Stanley, author of books like The Millionaire Next Door. https://moneymastermindshow.com/episode41-what-traits-make-a-millionaire/ Some important questions discussed in this episode: What makes one person a millionaire, while another isn’t? What are the attributes that make millionaires successful? What things do millionaires do that others don’t? What mindset do you ne...
2015-03-2046 min
Money Mastermind ShowHow To Get Back On Track With Your Financial GoalsWasn’t it just yesterday we were doing the annual “Make Your New Year’s Goals” episode? Statistically speaking it’s pretty safe to assume more than a few of us are having troubles making the lofty changes we initially set out for ourselves. Todd Tresidder of FinancialMentor.com is here to let us in on a few hard realities surrounding setting financial goals, and some tried-and-true strategies he has used to keep himself and his clients on track. He also has some encouraging words for those of us who have went a little off track (or maybe you forgot that the...
2015-03-1350 min
Money Mastermind ShowHow Your Emotional Habits Affect Your FinancesIf you’re a free-thinking individual that often finds themselves not just outside the proverbial box, but so far away from the norm that you forgot what “the box” ever looked like, then this is the episode for you! Joan Sotkin of ProsperityPlace.com has left SMART goals in the dust in her pursuit of emotional nirvana and financial utopia. We try to bring it every episode of MMS, but we promise you that this week will be especially entertaining! https://moneymastermindshow.com/episode39-how-your-emotional-habits-affect-your-finances/ Some important questions discussed in this episode: Why does Joan belie...
2015-03-0642 min
Money Mastermind ShowSteps To Achieving Financial SuccessThe Money Mastermind Show welcomes Dorethia Conner Kelly from #MoneyChat to our studios to chat about how you can take your next step on the staircase to wealth and prosperity no matter where you currently are. Some people believe the path to financial success is too daunting to take on, but every journey starts with a first step! https://moneymastermindshow.com/episode38-steps-to-achieving-financial-success/ Some important questions discussed in this episode: What should financial success mean to you? What first steps should I take? How do I go about bettering myself with so many options out...
2015-02-2655 min
Money Mastermind ShowWhy You Shouldn’t Listen To Financial GurusDon’t listen to financial gurus… unless you consider us gurus… then only listen to us! Confused yet? We brought in in Joe Saul-Sehy from Stacking Benjamins to help us sort it all out. He wrote a whitepaper examining the value (or lack thereof) of what these “gurus” are putting out there on TV and other forms of media. Tune in to hear us explain why popular financial advice is often flawed and how you can identify where the best sources of information are for you. https://moneymastermindshow.com/episode37-why-you-shouldnt-listen-to-financial-gurus/ Some important questions discussed in this episode...
2015-02-1954 min
Money Mastermind ShowHow To Build A Better Investing PortfolioYour portfolio doesn’t need to be perfect, it just needs to be average to be better than most. A reasonable person might wonder how that could be true, but then again, a reasonable person wouldn’t conceive of the myriad of ways the financial industry had come up with to siphon off your savings and investments. Barbara Friedberg from BarbaraFriedbergPersonalFinance.com joins us to explain how low maintenance investing strategies, combine with a basic understanding of concepts such as asset allocation and cutting down on investing fees can have you coming out ahead. Tune in to hear our thoughts...
2015-02-1249 min
Money Mastermind ShowHow To Financially Recover From a DivorceValerie Rind joins us to talk about a major life event that no one wants to believe will happen to them, but has become all-too-common over the past couple of decades. Divorces are obviously a destructive emotional experience, but in addition, there are financial-based problems that are bound to complicate the situation even further. As a divorcee, Valerie helps others learn from her experience. Her blog is cleverly titled Gold Diggers and Deadbeat Dads but you can find it under the URL ValerieRind.com. https://moneymastermindshow.com/episode35-how-to-financially-recover-from-a-divorce/ Some important questions discussed in this episod...
2015-02-0542 min
Money Mastermind ShowPaying Off Your Student Loans To Live Debt FreeWant to pay off $28,000 worth of debt in under three years? Zina Kumok of Debt Free After Three will tell you how she managed this Herculean feat of frugalistic strength this week on the Money Mastermind Show. Tune in to hear about everything from stocking up on shampoo samples, to debating the merits of free-at-the-point-of-delivery college/university courses. If you’re ready to live debt free, here’s your road map to getting on the right track. https://moneymastermindshow.com/episode34-paying-off-your-student-loans-to-live-debt-free/ Some important questions discussed in this episode: Is there a culture around blindly...
2015-01-3051 min
Money Mastermind ShowHow To Use Your Time And Money For GoodEarning money is fun, watching your account balance grow can be very satisfying, but when it comes to that warm feeling inside, giving your cash away might be the most rewarding thing we can do where money is concerned. Friend of the show Luke Landis is back and he brought his playoff beard with him! We talk about what responsible giving might look like, how to make sure your given dollar goes as far as it can (whether it’s a Loonie or a Greenback), and we’ll even get slightly philosophical as we discuss what reasons people have for gi...
2015-01-2336 min
Money Mastermind ShowCreating Multiple Streams of IncomeLauren Bowling from L Bee and the Moneytree joins us this week to explain why having multiple streams of income is quickly becoming not just a pleasant luxury, but for many young people at least, a real necessity in the quest for financial security. Tune in as Lauren and the panel discuss not only why pumping up your bank account from several different sources is important, but to breakdown some strategies they’ve used in order to generate several different streams of income. https://moneymastermindshow.com/episode32-creating-multiple-streams-of-income/ Some important questions discussed in this episode:...
2015-01-1642 min
Money Mastermind ShowHow To Achieve Your Financial Goals This YearSo 2015 arrives and everyone around you is making these epic-quest goals and everywhere you look has lists of uber-ambitious resolutions. What’s a sane person to do? Do you buy into the mania and say you’re going to run a marathon while getting that MBA this year, or do you scoff at the people at the gym in January that aren’t really sure what they’re doing? Eric Rosenberg from Narrow Bridge Finance joins us this week to talk about his approach to goal setting – and even more crucial – goal achieving. Listen in for our thoughts on how to increase th...
2015-01-0943 min
Money Mastermind ShowHow To Avoid A Holiday Financial DisasterThe holiday season is upon us, but what happens when you run into a financial emergency? Did you spend too much on gifts? Are you still scrambling to find last-minute frugal gift and entertaining ideas? Is an unexpected emergency room visit straining your finances? What can you do when your holiday threatens to be less than happy? We’ll discuss some of the difficulties that come with the holiday season — or that can arise during any financial emergency. We’ll look at some of the last-minute solutions to your last-minute holiday financial problems, and talk about what you ca...
2014-12-1855 min
Money Mastermind ShowHow to Successfully Invest In Real EstateJust because your dad always said, “My house is the best investment I ever made,” doesn’t make him a real estate investing expert. Having a plan to retire on a million dollars in real estate-related cash flow probably does though. Our guest this week is Brandon Turner of Bigger Pockets and he’ll tell you how to get started on your real estate journey, as well as what to stay away from. Tune in to hear how Brandon decides on which properties to purchase and how he ended up living in Kurt Cobain’s old house! https://money...
2014-12-1155 min
Money Mastermind ShowAre You Suffering From Financial Abuse?Before talking with Tarra Jackson of MsMadamMoney.com I had no idea that we had an epidemic of financial STDs in our midst. Join the MMS panel as we discuss how to recognize and get out of financially abusive situations that could exist between spouses, friends, and/or your bank. https://moneymastermindshow.com/episode28-are-you-suffering-from-financial-abuse/ Some important questions discussed in this episode: How can you tell if you’re in a financially-abusive relationship? What are the steps to take to once you accept that you are either the abused or the abuser in a fin...
2014-12-0442 min
Money Mastermind ShowOvercoming Your Financial BlundersMatt Giovanisci – one half of the dynamic duo behind your second-favorite personal finance podcast (Listen Money Matters) – joins us to describe personal finance blunders as only he can. How many personal finance discussions will take you from discussing interest rates to hookers ladies of the evening and blow restricted substances in the blink of an eye? Tune in to hear Matt and our panel come clean about some lessons they had to learn the hard way. https://moneymastermindshow.com/episode27-overcoming-your-financial-blunders/ Some important questions discussed in this episode: How will buying new and/or used vehicle...
2014-11-2054 min
Money Mastermind ShowHow To Be a Globetrotter On a BudgetInternational travel sounds fun in theory, but most people believe it is too expensive and that there is too much potential for headaches. Paula Pant from Afford Anything is not most people. She joins our panel to discuss how to up your international travel IQ and how nearly everyone can afford to travel if they are willing to deviate slightly from traditional travel norms. https://moneymastermindshow.com/episode26-how-to-be-a-globetrotter-on-a-budget/ Some important questions discussed in this episode: How did Paula manage to travel around the world for two years on ONLY $25,000?! What are the best wa...
2014-11-1344 min
Money Mastermind ShowLiving As An Expat – What You Need To KnowMany people hope to travel the world as they progress in their career or think of retiring on a special beach in another country. Before that happens though it’s important to understand some of the logistics behind the financial decisions you’ll have to make. Andrew Hallam is here to shed some light on what it’s like for an expatriate that is living, saving and investing abroad. His newly released book is titled, “The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat”, and he joins our panel to give a few tips if you want to real...
2014-11-0632 min
Money Mastermind ShowHow To Create The Lifestyle You WantHis personal finance expertise and online success might only be surpassed by his knowledge of all things Comic Con… the one and only J.D. Roth lets us in on how he has created the lifestyle he desired from very inauspicious personal finance beginnings. Join us as J.D. details how he went from “peak materialism” to one of the most widely-read personal finance bloggers in the business. https://moneymastermindshow.com/episode24-how-to-create-the-lifestyle-you-want/ Some important questions discussed in this episode: Where does your identity come from and what do you truly value in life? What is...
2014-10-3046 min
Money Mastermind ShowWhat’s Your Retirement Number?Ahh, retirement! Seems like a wonderful place to be. But if we don’t figure out the number we need to aim for in retirement then it might not be as fun as we’d like. Join us and our special guest Todd Tresidder of FinancialMentor.com as we discuss retirement and how to figure out your retirement number. https://moneymastermindshow.com/episode23-whats-your-retirement-number/ Some important points from this episode: When Social Security was implemented, the average life expectancy was 65. It’s no secret why the age was set at 65. It was never intended to be...
2014-10-2439 min
Money Mastermind ShowUnderstanding The Importance Of Cash FlowBefore you can invest and become a millionaire or even before you can begin to tackle those debt problems you got yourself into, you first have to master the fundamentals of personal finance (channeling my old basketball coach tonight apparently) and that means learning how to manage your cash flow. Tech innovator Ram Palaniappan is in the Money Mastermind house this week to share with us some cashflow insights he has gained in the process of creating his new tech-friendly lending start up. Join us as we put an new spin on some old school ideas that have proven the...
2014-10-1737 min
Money Mastermind ShowWhy You Need A Life PlanUsing a coach seems to work for Serena Williams, Peyton Manning, and LeBron James amongst others, so maybe there is something to this whole life coach/financial planner thing. Andrea Travillian brings her unique approach of holistic life solutions to our money-centered show and explains how financial solutions should be a working part of your overall plan. If you find yourself struggling to gain traction on the road to your the future you had envisioned, tune in to see if a life plan might be the answer you’ve been looking for. https://moneymastermindshow.com/episode21-why-you-need-a-life-plan/
2014-10-1036 min
Money Mastermind ShowHow To Become A MillionaireKC Beavers from GenX Finance built a million dollar net worth by age 30… and that’s not even taking into consideration the fact he was donating 10% of his income every year and was responsible for a relatively large family as well! KC and the MMS panel aren’t selling any get-rich-quick courses or programs, they just want to help you reach your financial goals – if that includes a million dollars then all the better! https://moneymastermindshow.com/episode20-how-to-become-a-millionaire/ Some important questions discussed in this episode: Aren’t most millionaires born rich? How much money do I ha...
2014-10-0346 min
Money Mastermind ShowTravel Hacking Made EasyWho hasn’t looked at a social media feed full of beautiful sunny beaches or exotic architecture and thought to themselves how nice it would be to have a huge travel budget. Steve Zussino from CanadianTravelHacking.com joins us to explain you don’t have to have a first-class budget, just a little inspiration and a dash of research skills. Tune in to learn how to shave hundreds of dollars off your next trip. https://moneymastermindshow.com/episode19-travel-hacking-made-easy/ Some important questions discussed in this episode: What is the best way to comparison shop for tr...
2014-09-2643 min
Money Mastermind ShowWhy Aren’t We Investing?In this episode we come to you live from the 2014 FinCon Expo where we welcome special guest Joe Berman with Country Financial. Country Financial found that 51% of people surveyed weren’t investing. The question is – why? https://moneymastermindshow.com/episode18-why-arent-we-investing/ Some important issues discussed in this episode: Why aren’t people investing? What’s holding them back? How you can start investing with a small amount of money. It’s possible to build wealth over time with investing, since, over time, the market trend smooths upward. Indexing is a good way to take advantage of...
2014-09-2129 min
Money Mastermind ShowHow Networking Can Help Your CareerComing to you live from FinCon, our panel is joined by an all-star cast to cut through all the buzzword-heavy noise that surrounds the mention of “networking” – and give you the straight goods on what really works. https://moneymastermindshow.com/episode17-how-networking-can-help-your-career/ Some important questions discussed in this episode: What’s the difference between authentic networking and robotic business card exchanging? How do I network if I’m an introvert that is terrified of big groups? Where should I be looking for networking opportunities? Is it all about looking for people that I can ask for fa...
2014-09-1928 min
Money Mastermind ShowPutting Your Money to Work for YouNo one ever lost money by sticking it in their mattress right? On today’s episode Robert Farrington of The College Investor helps us explain why having your money work for you is much easier (and more fun) than working for your money. We’ll help you cut through the noise and sales pitches so that you can focus on simple, easy-to-understand strategies for growing your nest egg. https://moneymastermindshow.com/episode16-putting-your-money-to-work-for-you/ Some important questions discussed in this episode: Where do I begin when it comes to investing my money? What are the differ...
2014-09-1252 min
Money Mastermind ShowFixing Your Money MindsetBusiness Coach to millennial entrepreneurs Amanda Abella joins us this week to talk about how golf isn’t the only activity that requires a strong mental game – your finances depend on it as well! While Amanda specializes in talking about millennials and people who have decided to try their hand at entrepreneurship, she also has many strategies to help your money mindset no matter what the situation. https://moneymastermindshow.com/episode15-fixing-your-money-mindset/ Some important questions discussed in this episode: What is a money mindset? Isn’t personal finance just about numbers and stuff? Is this like...
2014-09-0547 min
Money Mastermind ShowBack to School – The A to Z of Student FinanceAs college and university students across North America begin to migrate back on to campuses over the next couple of weeks, class is already in session at the MMS with Justin Bouchard from My University Money. Just because you might think you’re flush with student loan money and summer job cash in September doesn’t mean you can’t quickly dig yourself into a hole of debt by Christmas. Our panel of graduates from the school of hard knocks will give some money-savings tips they had to learn the hard way. https://moneymastermindshow.com/episode14-back-to-school-the-a-to-z-of-student-finance/ So...
2014-08-2958 min
Money Mastermind ShowWhere Should You Start When Getting Your Finances In Order?We’ve all been there before – looking up a literal or metaphorical mountain and wondering how in the world we’re ever going to reach the summit. It might be cliché to say that a great journey begins with a single step, nonetheless, when it comes to your finances, it’s important to remember. Luke Landes joins us this week to explain what that first step should look like and how you can climb your own personal mountain. https://moneymastermindshow.com/episode13-where-should-you-start-when-getting-your-finances-in-order/ Some important questions discussed in this episode: If I’m overwhelmed by the thought...
2014-08-2150 min
Money Mastermind ShowCan Coupons Really Help Me Save?Carrie Rocha from Pocket Your Dollars joins the panel tonight to answer the question many of us wonder as we watch hoarder-like shows about extreme couponing: Is that whole coupon thing really worth my time? https://moneymastermindshow.com/episode12-can-coupons-really-help-me-save/ Some important questions discussed in this episode: How much can I actually save by using coupons? What sort of time and effort do I have to put in to be good at this stuff? Is there anyone else out there whose hard/dirty work of finding coupons I can piggyback off of? Am I be...
2014-08-1551 min
Money Mastermind ShowHow Much Do You Need To Retire?Our resident retirement expert Roger Whitney from The Retirement Answer Man will tell you the exact dollar figure that you will need to retire! Just kidding… What Roger will do – with a little help from the rest of our panel – is outline a few different ways you should be looking at the concept of retirement savings no matter what your age or background. We offer some unique personal insights that will help you in your quest to enjoy life well after your peak earning years – without compromising everything you enjoy today! https://moneymastermindshow.com/episode11-how-much-do-you-need-to-retire/ Some imp...
2014-08-0854 min
Money Mastermind ShowAll About Extreme Savings – Is It For You?Ever hear of Extreme Saving? Well in this episode we’re diving deep into extreme saving with the help of Kraig Mathias of Create My Independence. Find out if extreme saving can help you and how to get started. https://moneymastermindshow.com/episode10-all-about-extreme-savings-is-it-for-you/ Some important questions discussed in this episode: What is extreme saving? How is extreme savings beneficial? Can you really retire early? How can I start saving more? What mindset do I need? Panelists In This Episode: Special Guest: Kraig Mathias | Create My Independence Glen Craig | Free From Broke Kyle P...
2014-08-0144 min
Money Mastermind ShowTips for Automating Your FinancesCreator of the, “The #1 ranked podcast of all-time and history”, Matt Giovanisci from Listen, Money Matters joins us to discuss the ins and outs of automating your finances. You might have heard the phrase “pay yourself first” before and thought you might get around to doing that… at some point. We’ll explain how you can set up a few automatic transactions that will take care of important financial tasks quick and painlessly while you spend your time and energy doing what you really want to be doing. https://moneymastermindshow.com/episode9-tips-for-automating-your-finances/ Some important questions discuss...
2014-07-2452 min
Money Mastermind ShowIs Wealth Inequality Systemic In Our World?Larry Ludwig from Investor Junkie is occupying MMS this week in order to give us his thoughts on the income inequality debate generated by this summer’s blockbuster bestseller: Thomas Picketty’s Capital In the Twenty-First Century. Any time that a book as long as the Bible that is written by a French economist ends up on coffee tables around the world – you know something interesting has happened. For those of you having flashbacks to boring English classes, have no fear – this isn’t a book club – we chat about what you can do claim your spot in a shrinking middle...
2014-07-1741 min
Money Mastermind ShowCan You Get By In Life Without Credit?Is our addiction to credit cards and consumer debt really a necessary evil in today’s interconnected world – or is there another way? Steve Stewart of MoneyPlanSOS joins us to explain his anti-debt philosophy and what options the average person has if they want to stay away from making expensive debt-related mistakes. Since a few of us on the panel have well-established love affairs with our travel rewards credit cards the conversation should prove lively! https://moneymastermindshow.com/episode7-can-you-get-by-in-life-without-credit/ Some important points made in this episode: Is it even possible to ditch credit cards in...
2014-07-1046 min
Money Mastermind ShowAre We Heading Toward A Financial Apocalypse?Larry Ludwig from Investor Junkie joins us this week live from his survivalist bunker to discuss the coming financial apocalypse. Our panel shares their thoughts on what a modern meltdown might look like, as well as if we believe it will ultimately be a human-made catastrophe or a product of nature’s ever-increasing fury. Ever wondered if you could survive the worst-case scenario? Worry no more as the Money Mastermind Show tells you how to prepare for everything from a government credit collapse to a hurricane. https://moneymastermindshow.com/episode6-are-we-heading-toward-a-financial-apocalypse/ Key Questions From This Episode...
2014-07-0243 min
Money Mastermind ShowHow Much Should You Pay For Kids’ College?Want to stir up a crowd in a hurry? Walk into a room and say, “I think that good parents owe it to their kids to help them pay for college.” Rob Carrick – author of How Not to Move Back in with Your Parents and personal finance columnist for the Globe and Mail – joins us to help us sort out the facts and emotions behind financially supporting young adults as they head off to college or university. https://moneymastermindshow.com/episode5-how-much-should-you-pay-for-kids-college/ Key Takeaways From This Episode With rising school costs, is it essential that parents hel...
2014-06-2732 min
Money Mastermind ShowExperiences Vs Things: Which Is The Best Way To Spend Your Money?Join us this week as we toss around the idea of whether it is more rewarding to spend money on experiences or “things”. We brought in an “experiences expert” – the always-entertaining Martin from the Studenomics personal finance blog – and hilarity ensued. Tune in for some insights on how to find the personal balance between pursuing experiences and stuff in your life. https://moneymastermindshow.com/episode4-experiences-vs-things-which-is-the-best-way-to-spend-your-money/ Some important points made in this episode: What does science have to say about spending your money and correlation to happiness? Tips on how to re-orient your mindset away from the co...
2014-06-1935 min
Money Mastermind ShowHow To Have A Frugal Summer Despite Rising CostsWant to have some fun in the sun, without getting burned by expensive costs? The Money Mastermind crew has you covered (*insert sunscreen pun here*). Tune in to listen to Tom, Peter, Glen, Miranda and Kyle talk about how to save on sunny vacations, summer-specific budget considerations, and generally enjoy many people’s favorite time of the year without breaking the bank. Frugal summer fun here we come! https://moneymastermindshow.com/episode3-how-to-have-a-frugal-summer-despite-rising-costs/ Some important points made in this episode: According to American Express, the average American family of four will spend $4,580 on vacation travel...
2014-06-1231 min
Money Mastermind ShowIs Getting A College Degree Worth It?Our second show sees the Money Mastermind crew head back to school. We debate what the value is of a university/college education is in today’s modern economy. Discussion takes us from trying to quantify the return on investment offered by many post-secondary education options, to how college/university has evolved over the past few decades. We also talk about a few alternatives. https://moneymastermindshow.com/episode2-is-getting-a-college-degree-worth-it/ Some important points made in this episode: Average debt of 2014 U.S.four-year grad $33,000, more than $1 trillion outstanding Average debt in Canada $26,000 The cost of univ...
2014-06-0540 min
Money Mastermind ShowThe Importance Of Figuring Out Your Money PhilosophyIn this episode the panelists introduce themselves for the first time, and then have a discussion about financial philosophies, why it’s important to come up with a money philosophy of your own, and how your personal philosophy can help to guide your decisions about money. https://moneymastermindshow.com/episode1-the-importance-of-figuring-out-your-money-philosophy/ Some important points made in this episode: Having a philosophy about money is important to helping you live the lifestyle that you want. It’s important to know where your money is coming and going. Know what your values are, and what your immedi...
2014-05-2940 min