Shows
Money’s No Object with Dylan Howell- PodcastTAKE CONTROL OF YOUR INCOME: Understanding Your Most Powerful Wealth-Building Tool - MNO EPISODE 192We cannot survive financially without income. Not only can we not survive without it, it is available for us to use to build the financial life that we always dreamed of. Income is powerful when it comes to the ability to build wealth. This does not mean that the more money you make, the more apt you will be to build wealth, but it does mean that if you manage your money properly that more income is going to make the process of wealth-building more seamless. Today, we will discuss:1. Budgeting your income2. How more...
2021-04-2728 minMoney’s No Object with Dylan Howell- PodcastROTH OR TRADITIONAL? Taxes Now VS. Taxes Later - MNO EPISODE 191It is a question that has been debated to death in the financial community: Roth or Traditional? Though you can find the answer I give in other places, you can rarely find a good breakdown of what each type of account means and what the characteristics of each type are, along with which one you should choose. Regardless of what works best for you, I love the idea of tax-free investments for the majority of us and find massive value in Roth accounts. Today, we will discuss:1. The differences in Roth & Traditional Accounts2. What type...
2021-04-2629 minMoney’s No Object with Dylan Howell- PodcastWHERE SHOULD YOU INVEST? Investment Companies & Accounts You Can Build Wealth In - MNO EPISODE 190For many of you out there, you may watch/listen to my show and want to get started investing and building a strong financial life, but you just don't know where or how. This episode looks to point you in the right direction when it comes to exactly WHERE you can/should put your money and how these different locations for your money may be beneficial to you. We are all different and have different investing needs, but a little information from someone like myself who has dabbled in many investment sites may do you a lot of good...
2021-04-2330 minMoney’s No Object with Dylan Howell- PodcastAREN'T STOCKS RISKY?! Do Individual Stocks Have Too Much Risk? - MNO EPISODE 189One of the most common things that you will hear about investing in individual stocks is that it takes on too much risk. The sentiment of such a statement is not wrong, but I think that it is misguided. I do not think that you should keep from investing in a group of good individual companies that you understand just because they pose a little more risk than a large group of companies. Abnormal returns have never been sustained with large amounts of diversification within one asset class, so I won't change my view now. Today, we will discuss:
2021-04-2229 minMoney’s No Object with Dylan Howell- PodcastSINGLE STOCK VALUATION: Knowing What Your Stocks Are Worth - MNO EPISODE 188When you buy a stock, you need to know what the company is worth, either in absolute terms or relative to other companies like it. If you do not know what a stock is worth, how do you know what a fair price to pay for it is? This is a big issue with novice investors who jump in the market with no care as to the price at which they are investing. They buy stocks that are overvalued and leave little-to-no room for abnormal long-term returns. We always want to find undervalued stocks and buy those for our...
2021-04-2131 minMoney’s No Object with Dylan Howell- PodcastHOW STOCK OWNERSHIP WORKS: Understanding Your Rights As An Owner - MNO EPISODE 187When you own a stock, you LITERALLY own a piece of that underlying business. You don't necessarily run the business or have to come in to be the boss, but you do have rights to the residual income and assets of the firm. Owning shares of stock is a very real way by which you can be a part owner in some of the most prolific companies in the United States and around the world. Understanding how stock ownership works better speaks to long-term investing based on firm fundamentals. Today, we will discuss:1. How shares of stock...
2021-04-2029 minMoney’s No Object with Dylan Howell- PodcastHOW TO PICK STOCKS: Making Abnormal Returns Through Individual Stocks - MNO EPISODE 186I get really tired of hearing people talk about stocks who are in it just to try and make a quick buck. Therefore, I am here to teach you how to go about picking stocks based on the ideas of two of the best investors that we have ever known: Peter Lynch & Warren Buffett. Their philosophies bump heads in some places, but their baseline tenants for how to pick which companies you should be investing in really stand congruent with one another. Most of you all should not be buying individual stocks in the first place (stick to index...
2021-04-1930 minMoney’s No Object with Dylan Howell- PodcastSECRETS OF MILLIONAIRES: How The Wealthy Became That Way - MNO EPISODE 185Before any of us can work toward becoming millionaires, we must first understand how millionaires got to be that way. Although there are "secrets" to their successes, it is really not much of a surprise as to what the secrets are. These things that I share with you today are things that should be broadly applied to your personal and financial lives regardless of if you are trying to become a millionaire or not. We must understand, though, that to become something, we must first exhibit the behaviors of others who have already become that thing. Today, we will...
2021-04-1630 minMoney’s No Object with Dylan Howell- PodcastYOUR MILLIONAIRE NUMBER: How Much Do You Need To Retire Comfortably? - MNO EPISODE 184Do you really need to have a million dollars invested to retire? Maybe so, maybe not. For the vast majority of us, though, to create sustainable income for a comfortable retirement, $1 million will be the baseline needed. I wanted to help each of you to better understand what you may need to retire comfortably, and it is all based on your expenses and other types of retirement income. Don't take for granted the need to have a plan to meet your millionaire number. Today, we will discuss:1. Why you need a plan for your finances2...
2021-04-1528 minMoney’s No Object with Dylan Howell- PodcastWHY YOU WON'T BE RICH: The Things Holding You Back From Becoming A Millionaire - MNO EPISODE 183There is no doubt that many of us have thoughts that hold us back from being successful. When it comes to our financial situation, we have been taught things and told things that aren't going to do anything but keep you from becoming wealthy over the long-term. These ideologies are commonly found among the middle class and keep them from ever moving up in economic status. I want you all to build some significant amount of wealth for you and your family, and I want you to be aware of the ideas that may be keeping you from doing...
2021-04-1430 minMoney’s No Object with Dylan Howell- PodcastIS $1 MILLION ENOUGH TO RETIRE? Determining What You Can Live On In Retirement - MNO EPISODE 182When it comes to saving and investing for retirement, $1 million dollars has always been a significant milestone to reach. The question is whether or not that milestone is enough to fund your retirement lifestyle. Just like most other questions, the answer is, "it depends". Saying that one amount of money in your nest egg is "enough" is naive and irresponsible. We all have different needs and different financial situations by which we have to determine what we should have set back for our future. Today, we will discuss:1. If $1 million is enough to retire on2...
2021-04-1329 minMoney’s No Object with Dylan Howell- PodcastWHAT IS A MILLIONAIRE? Understanding How Wealth Is Categorized - MNO EPISODE 181How many of you all have thought, at one time or another in your life, 'I wish I was a millionaire'? When you thought that, did you even know what a millionaire was? Well, most people do NOT know what a millionaire is. Though there are a couple interpretations of the word, it is broadly applied as someone with one million dollars in net worth. This has nothing to do with income or how big your contract or movie deal was. At the end of the day, if your assets minus your liabilities is more that $1 million, you are...
2021-04-1228 minMoney’s No Object with Dylan Howell- PodcastHOW TO SAVE MONEY: Creating Margin In Your Budget - MNO EPISODE 180In order to win with money over the long-term, you have to be saving money. When I say "save", I do not just mean in a savings account, I am referring to any way that you can put money away for your future needs (e.g. investing). Since saving is so vital, we must be doing things to make it a priority in our financial lives. Whether you don't feel like you make enough money to save or if you spend to much of your income to save, there are steps that you can take today to kickstart your...
2021-04-0926 minMoney’s No Object with Dylan Howell- PodcastINTEREST RATES MATTER: The Cost Of Borrowing Money - MNO EPISODE 179There are few things in the financial world that are more important to understand than interest rates. Interest rates are tied to the purchase of any item that we want financed, student loans, credit cards, etc. In order to be informed consumers, knowing how interest rates work and what they actually are is quite important. Though I am 100 percent against going into debt for anything but a home mortgage, even there, interest rates are important to understand. Today, we will discuss:1. What interest rates are2. How interest rates are determined3. The impact of...
2021-04-0827 minMoney’s No Object with Dylan Howell- PodcastTHE REALITY OF RECESSIONS: Understanding Economic Contractions - MNO EPISODE 178Our economy has had a large number of expansions and contractions. With that being the case, we still put way more weight on the contractions than we do the expansions. This is simply not logical. We think that the idea of a recession is the worst thing ever, but when you realize that there have been over 30 since 1850, in the United States, you find that our economy does not just grow consistently. From time to time, we contract a bit, but our economy has been quite resilient to previous downturns. Today, we will discuss:1. How to define...
2021-04-0730 minMoney’s No Object with Dylan Howell- PodcastTHE RULE OF 72: Compound Interest & Doubling Your Investment - MNO EPISODE 177Compound interest is the primary mechanism by which we are going to be able to build wealth over the course of our financial lives. One way that we can measure how quickly compound interest is increasing the value of our assets is by using the Rule of 72. This approximation technique helps us determine how long it will take our money to double in value and how long it may take us to accumulate some multiple of our principal value. Financial literacy is incomplete without your understanding of HOW your money grows. Today, we will discuss:1. What compound...
2021-04-0627 minMoney’s No Object with Dylan Howell- PodcastBULLS & BEARS: Investing In Up & Down Markets - MNO EPISODE 176We have to be investing. Period. When we invest, we hear a lot of things about bulls, bears, ups, downs, and everything in between. It is important to understand what terms like "bear market" and "bull market" mean. When we can better understand what these types of markets are and how these markets have played out throughout history, we can be better and more informed investors. Understanding how the market has worked in the past will undoubtedly turn into better long-term investment returns. Anything we do without understanding will be done without us doing it at our best. That's...
2021-04-0530 minMoney’s No Object with Dylan Howell- PodcastCRAZY ABOUT CRYPTOCURRENCY: The Basics Of Blockchain, Bitcoin, Ethereum, & More - MNO EPISODE 175Who hasn't heard about Bitcoin or other cryptocurrencies in the last year? This topic has become a very real part of many people's financial lives, and it is getting a ton of press, unlike anything that I have ever seen before. I don't want this episode to be about me being an expert on crypto, but I do want to lay out for you what the basics of many of the buzz words that we hear daily are. In order to make good decisions with our money, we have to learn and be well-informed. This is what began my...
2021-04-0231 minMoney’s No Object with Dylan Howell- PodcastUNDERSTANDING THE HYBRID INVESTMENT: What Owning Preferred Stocks Can Do For You - MNO EPISODE 174In better understanding different investment types, I wanted to devote an episode to understanding one investment type that straddles the line between stocks and bonds: Preferred Stocks. Just because they are "Preferred" doesn't make them better, it just makes them distinctly different. I hope this episode broadens your horizons as to the investment options available to you and what investments may be suitable for you at different points in your life. Today, we will discuss:1. What preferred stocks are2. Types of preferred stocks3. The similarities and differences between preferred stocks, common stocks, and...
2021-04-0130 minMoney’s No Object with Dylan Howell- PodcastCDs ARE A THING OF THE PAST: An Old School Investment With Little Benefit - MNO EPISODE 173I have nothing against investment strategies that worked in the past. In fact, much of what we do when it comes to investing is based on what has worked in the long-term past. This said, there are some investment vehicles that used to have far more legitimate utility than they do today. One of these investments is the Certificate of Deposit (CD). CDs, in their current form, have little application to investors looking for adequate growth or income on their investments. CDs can benefit a small number of individuals in specific situations, but that does not make them an...
2021-03-3130 minMoney’s No Object with Dylan Howell- PodcastHOW ABOUT HEDGE FUNDS? What Role Do They Play When Investing? - MNO EPISODE 172Even if you only know what a hedge fund is because of the WallStreetBets Reddit thread, you know that hedge funds are definitely a big part of our financial system. This said, that does not mean that they have a huge impact our the investing life of you and I. Hedge funds do a lot of things in the open market that we and our investment managers cannot do, but that does not mean that those things are more profitable nor are they inherently better than what we are doing financially. We will discuss: 1. What hedge funds a...
2021-03-3030 minMoney’s No Object with Dylan Howell- PodcastUNDERSTANDING YOUR OPTIONS: Calls, Puts, ESOs, & More! - MNO EPISODE 171One large topic when it comes to financial markets is the idea of options. Options are financial instruments that, without the proper understanding and knowledge, can lead you into some bad financial decisions. They are all the more interesting since they are commonly used in the compensation packages of employees of publicly traded companies. I thought it would be worth our time to better understand options and what to do with them if they are given to you in your compensation package. We will discuss: 1. What call options and put options are 2. What Employee Stock Op...
2021-03-2929 minMoney’s No Object with Dylan Howell- PodcastOVERCOMING FINANCIAL FEAR: Addressing What Holds You Back Financially - MNO EPISODE 170We are all afraid of something, and at one point or another we have all had some kind of fear about our financial lives. Some fears are small and inconsequential, but some fears keep you from becoming what you are capable of being. I want every one of us to reach our full potential financially and put all of our fears aside. This process of alleviating fear takes time, practice, and knowledge, but hopefully you can remove any impediments that there are to your eventual financial success. Today, we will discuss:1. How fear impacts our finances
2021-03-2630 minMoney’s No Object with Dylan Howell- PodcastYOUR DEBT-FREE OPTIONS: What To Do When You Have No Payments - MNO EPISODE 169There are certain times in your financial life that you seem to have turned the corner into a new ballgame. One of those times, which is maybe the most significant, is when you finally get out of all consumer debt. This is a time to be celebrated, but it leaves you with many options as to what you are going to do with your money now. Getting out of the habit of having payments and living paycheck-to-paycheck is huge, and it can turn your financial life around in a hurry. Today, we will discuss:1. The importance of...
2021-03-2529 minMoney’s No Object with Dylan Howell- PodcastBUDGET KILLERS: What Is Keeping You From Living Below Your Means? - MNO EPISODE 168Making and stick to a budget is so countercultural in our society today. People are not worried about the amount of money that they are spending, and debt is so easily available for all the things we can't afford. The budget is vital to long-term financial success, whether you want to believe it or not. We have to make sure that some of the most common things that drag our budgets down don't get in the way of us living our financial dreams. What is holding your budget back? Today, we will discuss:1. Why a budget is...
2021-03-2428 minMoney’s No Object with Dylan Howell- PodcastOVERSPENDING & YOUR DEBT: What Is Keeping You From Being Debt-Free? - MNO EPISODE 167Without question, Americans have a debt problem, but that debt problem stems from a much bigger problem: a spending problem. We are either apathetic to the amount of money that we do spend, or we just don't care because we want all the things that money can buy us. This can keep us struggling to get our financial footing over and over again, and it can keep us either in debt or constantly reaching for debt when things get rough financially. Today, we will discuss:1. How we get into debt2. Ways we overspend3...
2021-03-2328 minMoney’s No Object with Dylan Howell- PodcastBANKRUPTCIES & FORECLOSURES: Avoiding Financial Hardship - MNO EPISODE 166There are some scary words in personal finance, two of which being "bankruptcy" & "foreclosure". Anyone who has ever found themselves filing for bankruptcy or being foreclosed upon knows that these financial situations are extremely harmful to your ability to be financially successful sooner than later. I want us all to be financially successful and financially free. To live our financial lives this way is to live our financial lives avoiding bankruptcy and/or foreclosure. In order to know what we are avoiding, we need to know what these two huge financial events look like and the consequences that come...
2021-03-2230 minMoney’s No Object with Dylan Howell- PodcastWHEN YOU SHOULD NOT INVEST: Having Money Available When Life Requires It - MNO EPISODE 165There is absolutely no doubt our need to invest over the long-term. We have to be putting money away for the good of our future selves into appreciating assets. To not do so is to set yourself up for long-term financial pain. I want all of us to invest, but there are certainly times in our financial lives where continuing/or starting to invest is just a bad idea. I want us all to build assets and win financially, but sometimes winning financially means putting your aspirations of investing on hold for a bit. Today, we will discuss:
2021-03-1929 minMoney’s No Object with Dylan Howell- PodcastOUR INVESTMENTS ARE GOING TO ZERO!!! Why This Fear Is So Illogical - MNO EPISODE 164I know you have heard someone say that they think that the stock market is going to zero. Well let me tell you, this could not be more irrational of a thought. The stock market going to zero would be such a catastrophic collapse of everything that we know and love as Americans that you couldn't imagine the implications. You may have declines in your investment values from time to time, but there is a big difference in a crash and zero. In today's episode, we will discuss: 1. Why our investment portfolios will not go to zero ...
2021-03-1829 minMoney’s No Object with Dylan Howell- PodcastOUTPERFORMING THE MARKET: Can You Invest Better Than The Index? - MNO EPISODE 163Investing is not hard, since there are easy ways to keep up with market returns. What is hard is investing in a way that will allow you to outperform the market. Attempting to outperform the market is not for everyone, but those who choose to try need to understand the daunting task that is before them. Anytime you try to build your own portfolio, instead of buying large diversified portfolios like market indexes, you are taking on a lot of risk. This is risk that can allow you to win, but it can also allow you to fall way...
2021-03-1729 minMoney’s No Object with Dylan Howell- PodcastINVEST OR PAY OFF DEBT? Financial Freedom Comes From A Debt-Free Life - MNO EPISODE 162One of the biggest questions out there and one of the most prevalent pushbacks that I get on the Financial Action Plan is whether you should invest or pay off debt. If we focused just on mathematics, it would never make sense to pay off most debts, BUT the financial freedom and lifting of cash flow restrictions around paying off debt is unparalleled in all of personal finance. Talk to some actual rich people, and you will see that being out of consumer debt is a huge contributing factor to their ability to build wealth and be financially successful...
2021-03-1630 minMoney’s No Object with Dylan Howell- PodcastBUYING THE DIPS: Profiting From Your Investments Dropping In Value - MNO EPISODE 161Investing is a must for all of us who want to live our lives with some semblance of dignity in the future. One amazing way that we can all benefit in our investing journey is through buying the dips. Anytime that you can find something that is selling for less than it is worth, it is worth your time and money to buy it, especially if you hold it for the long-term and it is valuable. We cannot let declines in stock prices get us down, but we need to allow them to get us excited for buying quality...
2021-03-1528 minMoney’s No Object with Dylan Howell- PodcastFIRE RETIRING WITH PURPOSE: Living A Meaningful Retirement Life - MNO EPISODE 160We all want to retire, don't we? We can't wait until that day where we can live without any worry about going to a 9 to 5 job and sustain ourselves financially without any traditional income. Doing this, and doing this earlier in life, can be amazing, but it can leave us with a lot of holes and questions. One of which is: Where do I find my meaning and purpose now? This is a profound question, especially for those of us planning to retire early. At the root of this question are both identity issues and the need to work...
2021-03-1228 minMoney’s No Object with Dylan Howell- PodcastFIRE RETIREMENT INVESTING: Investments That Sustain Retirement Income - MNO EPISODE 159Investing in retirement is different than investing while you are working. You are no longer adding to your investment accounts but systematically pulling money out of those accounts to live on. Given that this is the case, we need to be aware of where we are putting our money and what it is invested in if we hope to retire early, or even retire traditionally with dignity. There are many things that you can do, with a basic knowledge of investment vehicles, that will allow you to get ahead with your finances and that can have you well on...
2021-03-1128 minMoney’s No Object with Dylan Howell- PodcastWHAT IT TAKES TO RETIRE WITH FIRE: Characteristic Of A Successful FIRE Retiree - MNO EPISODE 158We all know that it is counter-cultural to even retire with dignity at a reasonable age, much less retiring early with a large nest egg. FIRE retirees are a special group of people who save and manage their money in a way that is not easily replicated by others. It takes someone special to succeed in the FIRE movement, and I want you to understand what those people look like so that you can better gauge if the FIRE movement is something that you want to be a part of or not. Today, we will discuss: 1. Attributes o...
2021-03-1026 minMoney’s No Object with Dylan Howell- PodcastWHEN CAN YOU SAFELY RETIRE? Retirement & The FIRE MOVEMENT - MNO EPISODE 157It is so difficult, regardless of your retirement goals, to determine when the right time to retire is. It is marking a new chapter in your life, and it is never easy to start a new chapter. It is even more difficult to determine when you can retire safely when you are trying to retire at a very early age. The ambiguity that comes with a longer retirement time horizon is difficult to overcome and allow you to pull the trigger on finally retiring. Retiring in a traditional sense and retiring early are extremely similar YET extremely different. Today...
2021-03-0929 minMoney’s No Object with Dylan Howell- PodcastPROS AND CONS OF THE FIRE MOVEMENT: How Retiring Early Has Become a Revolution - MNO EPISODE 156Aren't we all supposed to work for 40 years, retire at 65, take social security, and ride off into the sunset? APPARENTLY NOT! Millennials have started a revolution of retiring early and have dubbed it the Financial Independence, Retire Early (FIRE) movement. This movement has picked up a lot of steam, and the best part is that it requires outrageously healthy financial principles be used in overdrive in order for people to retire in their late 30's, early 40's. Today, we discuss:1. What the FIRE movement is2. How the FIRE movement was started3. Pros of...
2021-03-0830 minMoney’s No Object with Dylan Howell- PodcastTHE TRIPLE TAX ADVANTAGE: How To Benefit From The HSA - MNO EPISODE 155There are a number of different types of accounts that I have talked about over the life of this show, many of which I think you would do well to contribute money to. One that I have not spent a lot of time on but I believe could be very beneficial to those who qualify for it is the Health Savings Account (HSA). It is hard to beat some of the advantages of the HSA and it is one of the better things that the federal government has allowed when it comes to healthcare plans. I want you all...
2021-03-0529 minMoney’s No Object with Dylan Howell- PodcastSTARTING SMALL WITH INVESTING: Investing When You Don't Think It Is Possible - MNO EPISODE 154It is clear to me that many of you are intimidated by the idea of investing or do not see it as something that is a legitimate reality for your life. I want to help you make the thing that seems impossible, possible. I want to teach everyone how you can go about investing for your future even if you don't think you have the financial prowess to do so. It is perfectly okay to start small with your investing, especially if you have time on your side. Until you start, though, your fears of investing won't go away...
2021-03-0429 minMoney’s No Object with Dylan Howell- PodcastHOW DOES YOUR MONEY GROW? Compound Interest & Increasing Asset Prices - MNO EPISODE 153Everyone, nowadays, wants to make their money grow and make it grow fast. People are buying Bitcoin, NFTs, trading cards, and even stocks that they know little about in order to make money. I don't want you to just buy things and watch yourself make money. I want you to understand why you make money in something and how exactly your money grows. Once you understand the growth of your money, you can better grasp what your long-term investing needs to look like. Today, we will discuss: 1. What compound interest is and how it works 2. Ho...
2021-03-0329 minMoney’s No Object with Dylan Howell- PodcastMATCHING CONTRIBUTIONS ARE HUGE: Taking Advantage Of The Employer Match - MNO EPISODE 152In this new landscape for retirement where pensions are almost non-existent and social security isn't enough to cover your necessities, much of the retirement weight is put on our shoulders. We have to make sure that we save enough for retirement. Luckily, though, many companies are transitioning into offering healthy matches to employee contributions into employers-sponsored retirement accounts. These matches can go a long way toward helping us create the financial life we always hoped for. Today, we will discuss: 1. What an employer match is 2. How employer matches work 3. How employer matches can hel...
2021-03-0226 minMoney’s No Object with Dylan Howell- PodcastARE ROTH IRAs WORTH IT? Tax-Free Investing Explained - MNO EPISODE 151If you have watched/listened to any money show, you have run across episodes on Roth IRAs. The problem is that very few people will break them all the way down for you as I attempt to here. There are so many moving parts for the novice investor when it comes to investing in tax-advantaged accounts, but I want you to be able to maneuver these things with minimal issue. This requires knowledge and detailed explanation of one of the best wealth-building avenues that we have access to as retail investors. Today, we will discuss: 1. What Roth I...
2021-03-0128 minMoney’s No Object with Dylan Howell- PodcastENABLING OTHERS FINANCIALLY: Don't Finance The Misbehavior Of Others - MNO EPISODE 150Many of you would be surprised if I told you how much money people were spending enabling the bad habits of others that they care about. Enabling others financially can be detrimental to your ability to create long-term financial success, and it can hold back the person that you are enabling from taking responsibility for themselves and cleaning up their own lives. I just don't want us living in regret and resentment because we kept funding the bad decisions of others. We will discuss: 1. What enabling is 2. How to know if you are enabling someone
2021-02-2630 minMoney’s No Object with Dylan Howell- PodcastINVESTING IN YOUR FAMILY: Building Strong Relationships & Strong Finances - MNO EPISODE 149We can all agree that there is little more important in this world than our families. The relationships that we build and the traditions that we create with those closest to us go on to shape much of who we turn out to be. Given that this is the case, we need to make conscious efforts to invest in the well-being of our families. Even though this show is about money, the ability to manage money properly and pass money on to the next generation requires strong relationships and passed down values with our family members. Today, we will...
2021-02-2530 minMoney’s No Object with Dylan Howell- PodcastUSING YOUR SKILLS TO WIN FINANCIALLY: Making Money From Meaningful Work - MNO EPISODE 148Every single one of us has a unique set of skills that we can monetize in some way. The difficulty, for many of us, is to identify what we are good at and actually turn those skills into something financially beneficial. I want each of you to win financially, and the best way to do so is to maximize your income. This can only be done by either working more at your current job, getting promoted, or finding some type of side hustle to make more income. I want to motivate you to step into a new space that...
2021-02-2427 minMoney’s No Object with Dylan Howell- PodcastHARD WORK, LUCK, & YOUR FINANCES: Where Does Financial Success Come From? - MNO EPISODE 147I am appalled at how many people truly believe that people only get to places of success by being lucky. Without a doubt, luck and the opportunities that someone has plays a huge role in the outcomes of your life, but you cannot control luck. You can only control how hard you work and the decisions that you make. This is why I believe that everyone has the potential to be financially successful, to some degree, but the ones who have unbelievable success either have more luck, work harder, or both are true relative to their counterparts. We must...
2021-02-2328 minMoney’s No Object with Dylan Howell- PodcastTHIS IS NO PROSPERITY GOSPEL: Managing Money While Not Loving Money - MNO EPISODE 146It is very easy to say that I want my viewers/listeners to become wealthy, and that is true. The problem is that being wealthy is subjective, and it is dependent on many confounding factors in your life, which I understand. The question is: Why do I want you to build wealth? The answer? To be able to live with dignity as you age and to give with extreme generosity without hesitation. I do not believe that your wealth is a function of your faith, but I believe that we can live out our faith with wealth that was...
2021-02-2229 minMoney’s No Object with Dylan Howell- PodcastMORTGAGE DEBT IS DIFFERENT: Taking Out And Paying Off A Mortgage Properly - MNO EPISODE 145For most people, the mortgage is the largest amount of debt that they will ever take out or have to pay off. Not to mention, housing costs are typically the largest expenses that individuals have month-to-month. We need to understand the way that this type of debt works, why we view it differently from other consumer debts, and how this type of debt can end up benefitting us in the long-term. I am not saying that you should keep a mortgage around, but having a paid off home and more subsequent cash flow left in your budget is the...
2021-02-2129 minMoney’s No Object with Dylan Howell- PodcastPAYING OFF DEBT BY AMOUNT: Using The Debt Snowball Method - MNO EPISODE 144Paying off debt is definitely the most difficult part of the Financial Action Plan that I have made for you all. When doing so, you need to have a method that is effective and will allow you to be motivated about and confident in your ability to pay off all your debt in a timely fashion. In order to do this, you should employ the debt snowball method: paying off debts from lowest amount to highest amount. You may think that interest rate ranking, or the debt avalanche method, is the best way to go about debt repayment, but...
2021-02-2127 minMoney’s No Object with Dylan Howell- PodcastHOW TO USE A CREDIT CARD: Should You Use A Credit Card Like A Debit Card? - MNO EPISODE 143The credit card is one of the most used and most dangerous financial products that there are. People use credit cards in a multitude of ways and for a multitude of reasons, many of which being ways and reasons that are not financially healthy. There is an entire group of people who want to use a credit card like a debit card in order to get the maximum benefit from the credit card. This can be one of the best ways to build up rewards and credit or one of the worst ways to use any financial instrument as...
2021-02-2031 minMoney’s No Object with Dylan Howell- PodcastWHAT DID YOU FINANCE? The Weirdest Things Americans Have Borrowed Money For - MNO EPISODE 142Debt is so deeply embedded into our society that we rarely take a moment to look objectively at how crazy we get with money so readily available in the way of debt. It is absolutely crazy to think of some of things that people take out debt for, but that is exactly what we will be doing in this episode. By doing this, it will become abundantly clear as to how normalized debt is in our society and how people will put there wants ahead of their needs in very extreme ways. It is a fun exercise to take...
2021-02-2031 minMoney’s No Object with Dylan Howell- PodcastBORROWING AT ZERO PERCENT: There Is NO Such Thing As "Good Debt" - MNO EPISODE 141It is amazing to me how much I hear about how if you get the chance to borrow at low rates, and specifically at zero percent, that you should do it every time. I, obviously, do not subscribe to this ideology. I explain in this episode why the idea of zero percent borrowing is not all it is cracked up to be and how it can cause us to make irresponsible purchases. No matter what the car manufacturer, credit card company, or furniture store offers you, know that they are not in the business of losing money, so you...
2021-02-1528 minMoney’s No Object with Dylan Howell- PodcastPROTECTING YOUR FINANCES: Living Below Your Means - MNO EPISODE 140Protecting what you have financially requires some wise moves on your part. At the foundation of just about everything that you should do to win financially, in the long-term is the idea of living below your means or living on less than you make. In order to follow my Financial Action Plan and attain financial freedom, you have to create margin in your financial life, and the paycheck-to-paycheck mentality must be thrown out the window. Until it is, you will be hurting, not protecting, your financial life. Today, we will discuss: 1. What it means to live below y...
2021-02-1229 minMoney’s No Object with Dylan Howell- PodcastPROTECTING YOUR FINANCES: Understanding The Role Of Financial Advisors - MNO EPISODE 139Let the record show that I AM NOT against financial advisors. I believe that they can serve a vital role in society when it comes to increasing financial literacy. That said, there are a lot of things that advisors do and there are a lot of things that people allow their advisors to do that should NOT be the case, and these things do not make for long-term financial success. Financial advisors can be a source of much knowledge and assistance with tricky financial concepts, but they can also be a trap for your money where you never get...
2021-02-1129 minMoney’s No Object with Dylan Howell- PodcastPROTECTING YOUR FINANCES: Take Good Risks - MNO EPISODE 138In life, it is absolutely necessary to take risks. Some of the risks that we choose to take are good risks with a high change of a positive outcome, and some risks are bad risks with a much higher chance of dragging you down. In our financial lives, we must learn the difference. We have to learn how to take good risks to protect our long-term financial successes. It has been said that the sure thing boat never makes it far from shore, so without some necessary risk-taking, we will be left in a financial situation that is suboptimal...
2021-02-1027 minMoney’s No Object with Dylan Howell- PodcastPROTECTING YOUR FINANCES: ESTATE PLANNING IS A MUST - MNO EPISODE 137It is crazy to me how rare it is for people to have estate planning documents in place, as simple as the last will and testament. Estate planning documents play a vital role in protecting your finances over the long-term. Creating a unique estate plan is something that EVERY adult should do, and we should not be waiting until we are old or wealthy to do it. None of us want our friends and family to fight over what we leave behind, so having binding legal documents that direct them is key to leaving the legacy you always wanted...
2021-02-0928 minMoney’s No Object with Dylan Howell- PodcastPROTECTING YOUR FINANCES: Evaluate Your Insurance Coverages - MNO EPISODE 136It is one thing to build a life where you can have long-term financial success, but it is another thing altogether to sustain that success over the long-term. One of the ways in which we can protect our financial lives is through purchasing the correct insurance coverages. Insurance can protect you against different types of tragedy that cannot be done any other way. I want to make sure that you are aware of the types of coverages that are available and can put them in place based on where you are financially. We will discuss:1. Why you...
2021-02-0828 minMoney’s No Object with Dylan Howell- PodcastJUST SAY NO! Learning Delayed Gratification In Your Finances - MNO EPISODE 135We live in a right now culture. Very rarely do people want to wait on anything or play the long-game of any kind. This is one of the fatal failures of our society when it comes to our financial wellness. Your personal finances have to be viewed through a long-term lens. You cannot just think about your wants or what will make you feel good in the short-term. You ALWAYS have to sacrifice something to win, and that means that you have to say "NO" to a lot of things along the way. Today, we will discuss:1...
2021-02-0529 minMoney’s No Object with Dylan Howell- PodcastHOW MUCH SHOULD YOU GIVE? Giving In Proper Amounts Based On Your Life - MNO EPISODE 134One of the primary parts of proper money management, whether you do it or not, is giving your money away. This simple task will change the way that you view money, make you more content, and it will allow you to be outward-looking and not selfish with the money that you make. I want us to understand that even though the dollar amount of our giving is irrelevant, the amount we give relative to what we have is vital to giving having the proper impact on our lives. Even if this is an uncomfortable topic for you, or you...
2021-02-0427 minMoney’s No Object with Dylan Howell- PodcastCHEAP VS. FRUGAL: What Is Right & What Is DANGEROUS - MNO EPISODE 133I am admittedly a person who does NOT like to spend money, especially on myself. I want to be able to save, give, and invest in outrageous ways, and I feel like my frivolous spending can get in the way of that. This same mindset can lead people to being categorized as cheap or tight. I have been called this a time or two. The question, though, is whether that is an accurate characterization or if we get cheap people and frugal people (very different things) mixed up far too often. Today, we will discuss:1. The differences...
2021-02-0330 minMoney’s No Object with Dylan Howell- PodcastWORRYING ABOUT MONEY: Falling Behind Financially When Our Emotions Overtake Us - MNO EPISODE 132Money is an emotional subject. It is tied into everything that we do. It is something that we cannot go a day without using or thinking about in some way, shape, or form. This said, worrying about something that is so intertwined into our daily lives can be detrimental to us over the long-term. We cannot allow ourselves to be bogged down with the negative thoughts, worries, stresses, and anxieties that come with money. We have to have a healthy, realistic view of what money is and how it is supposed to be used to best impact our lives...
2021-02-0231 minMoney’s No Object with Dylan Howell- PodcastFINANCIAL PROCRASTINATION: Making Time An Enemy In Your Financial Life - MNO EPISODE 131Has anything good ever come from putting things off? Do you ever put in the best work you can on a project or assignment when you wait until the last minute? The answers are unequivocally NO! We are not able to to our best when we put things off that are necessary for our success. Our financial lives are no different. We put things off due to our short-term mindset, our perfectionist nature, or our fear of failure in order to get what we want today. If there is anything that we have to remember, it is that financial...
2021-02-0131 minMoney’s No Object with Dylan Howell- PodcastWARREN BUFFETT'S INVESTING RULES: Investing Like A Pro For The Long-Term - MNO EPISODE 130If there's one thing that has remained constant in the investment world over the last 50 years, it is the cool demeanor and long-term investing strategy of the Oracle of Omaha, Warren Buffett. I want to share with you some of his famous simple wisdom that can hopefully speak to wherever you are in your investing life. These simple rules can keep you from making some of the worst investment mistakes, and they can push you toward making some of the best investment decisions of your lifetime. We will discuss:1. Investing in what you know2. Understanding...
2021-01-2930 minMoney’s No Object with Dylan Howell- PodcastTHE POWER OF WALLSTREETBETS: Short Squeezes, Options, and GameStop, AMC, & MORE - MNO EPISODE 129If you haven't heard about GameStop's stock yet this week, then you must not be paying attention. An interesting occurrence is among us in the market where large groups of retail investors are forcing large Wall Street institutions to cover the bets that they are making about the weakness of companies, such as GameStop. This is putting crazy upward pressure on these stocks and is creating a frenzy of irresponsible gambling among retail investors. We will discuss:1. What short selling and short squeezes are2. How WallStreetBets & Reddit are impacting stocks3. Why GameStop & AMC...
2021-01-2830 minMoney’s No Object with Dylan Howell- PodcastGROWTH INVESTING: Investing In High-Flying Stocks - MNO EPISODE 128Amazon, Apple, Facebook, & TESLA... some of the highest flying growth stocks of the recent past have created so much value in the United States stock market. These stocks and many like them have led to the prevalence of the growth investing strategy. This has been an extremely profitable strategy for many, but it has led to much frustration and hurt for those out there just chasing returns by buying hot stocks. Hopefully, this episode helps you to discern how growth investing can benefit you in your financial life. We will discuss:1. What growth investing is2...
2021-01-2830 minMoney’s No Object with Dylan Howell- PodcastVALUE INVESTING: Buying Stocks At A Discount - MNO EPISODE 127Everyone wants to invest like Warren Buffett, but few have the patience and mindset to allow them to live up to that high goal. Warren is the greatest value investor that we have ever known, and to get a better idea of what he does and how he thinks about investing, I have devoted this episode to his practice of value investing. We all like to buy things that are marked down or on clearance, but why don't we treat the stocks that we choose to buy the same way? In today's episode we will discuss:1. What...
2021-01-2628 minMoney’s No Object with Dylan Howell- PodcastDIVIDENDS & BUYBACKS: How Returning Capital To Shareholders Impacts Your Investing - MNO EPISODE 126When investors are looking at returns, we far to often flock to the stock charts to see the beautiful line graph of a winning stock. This is all well and good, but when you look at what has actually driven returns and wealth-building over time, you notice that capital being returned to shareholders is a huge deal. That is why today's episode focuses on dividends and share repurchases (buybacks), which are the two most common ways that firms redistribute their earnings back to their stockholders. We will discuss:1. What dividends are2. What share repurchases (buybacks...
2021-01-2529 minMoney’s No Object with Dylan Howell- PodcastRISK AVERSION & INVESTING: How Your Risk Profile Impacts Your Investment Choices - MNO EPISODE 125Investing is, and has always been, a game of risk and return. Every investor has a certain amount of risk that they are willing to take in return for a certain amount of return. Risk averse investors hope to minimize their risk for the maximum return that they can make. This seems logical, but every one of us has a differing level of risk aversion that will constantly impact the investment decisions that we make. Our money, and its growth, will constantly be tied to our risk aversion level and how that changes our investment allocations. Today, we will...
2021-01-2230 minMoney’s No Object with Dylan Howell- PodcastINVESTING IN BONDS FOR RETIREMENT: Investing Effectively For Your Future - MNO EPISODE 124We all know that there are a multitude of options when it comes to what you could invest in to save money for your retirement. One of the most commonly stated asset classes, though, is bonds. Bonds are a huge part of the world economy and have markets much larger than any stock market. This said, we all need to understand bonds and the implications of investing in them over the long-term. Even though I am not a huge bond investor myself (at this point in life), I do see them as a valuable part of investment portfolios that...
2021-01-2130 minMoney’s No Object with Dylan Howell- PodcastRETIREMENT WITHDRAWAL RATES: Don't Run Out Of Money In Retirement - MNO EPISODE 123When closing in on retirement, we all want to make sure that we can live on the amount of money that we have saved/invested at that time. One of the biggest determining factors in not outliving your money is the idea of the withdrawal rate. We have to be reasonable with the percentage of our total assets that we choose to live off of in retirement. Too much, and your nest egg could start moving in the wrong direction, and it may become harder to make your money last for the long haul. Today's discussion of the withdrawal...
2021-01-2029 minMoney’s No Object with Dylan Howell- Podcast8 FACTORS IMPACTING YOUR RETIREMENT: Understanding How Your Money Is Affected - MNO EPISODE 122Whether you believe it or not, we all need to be planning/preparing for our retirement in some way, shape, or form. In this episode, I boil down all of the things that are going to impact the life that you live and the money that you have in retirement to 8 factors. These are simply categorized into 4 things that you can control and 4 things that you cannot control. Understanding these factors will, hopefully, better equip you to plan for your future and make the best retirement that you can for yourself. Today, we will discuss:1. Why our...
2021-01-1928 minMoney’s No Object with Dylan Howell- PodcastDON'T OUTLIVE YOUR MONEY: Making Your Retirement Money Last - MNO EPISODE 121When it comes to some of the most basic ideas of what we are trying to do when we invest for the future, the top of the list would be to support us in retirement. Money that adequately supports your retirement living for as long as you live is the ultimate goal that you want to reach. In order to do this, you have to take several things into account that can affect your ability to make your money last longer than you will live. Most of these things are simple financial concepts, but going without them can leave...
2021-01-1830 minMoney’s No Object with Dylan Howell- PodcastTHE IMPACT OF SUPPLY AND DEMAND: Forces That Direct Your Financial Life - MNO EPISODE 120One of the most basic economic concepts is the idea of supply and demand. This idea is intertwined to just about everything that we do in our financial lives. The irony is that we fail to realize that these forces, which are dictated by our behaviors in aggregate, have such a profound effect on all kinds of different financial issues. I wanted to spend today talking about supply and demand so that you can be more aware of how your money, your assets, and your debt (if you have any) are being impacted by this simple concept. Today we...
2021-01-1528 minMoney’s No Object with Dylan Howell- PodcastTHE U.S. NATIONAL DEBT: Understanding Our Country's Financial Issues - MNO EPISODE 119We all know that the United States is deeply in debt. The issue, though, is whether or not the financial situation that we are in as a country can be dug out of, and if so, how? Our country is no stranger to debt. Between the inordinate amount of debt taken out by companies to the wild amounts of consumer debt that individuals are burdened with, we know a thing or two about borrowing money. The problem is that large amounts of debt have never been the answer to fix financial issues, and as long as our government spends...
2021-01-1428 minMoney’s No Object with Dylan Howell- PodcastCORPORATE VS. CONSUMER DEBT: The Role Of Debt In Our Lives - MNO EPISODE 118If there is one thing that I stand on in every one of the episodes that I have put out, to date, it is the fact that debt can hold you back from being financially successful. Given that this is the case, then the question arises as to why so many of the companies that we know and love are taking advantage of debt in order to grow their companies on a daily basis. I wanted to speak to this dilemma from both a personal finance point of view and an investment point of view in order to let...
2021-01-1326 minMoney’s No Object with Dylan Howell- PodcastALL ABOUT INFLATION: Buying Less With The Same Amount - MNO EPISODE 117There are certain buzz words that fly around, especially in the world of finance, that people seem to know what they mean, but they do not inherently understand the impact or origins of the concept. Inflation is one of those words. Most of us know that inflation is when the prices of goods and services increase, but do you know why, how, and upon whose authority this is occurring? If not, that is what today's episode is for: understanding all about inflation. Today's episode will cover:1. What inflation is2. How inflation is caused3...
2021-01-1226 minMoney’s No Object with Dylan Howell- PodcastTHE FEDERAL RESERVE BANK: What Role Does The Fed Play In Our Lives? - MNO EPISODE 116There are all types of things that have impacts on our financial lives, not the least of which being the Federal Reserve. "The Fed" impacts our financial lives in ways that we do not even realize, most of the time. The Fed works behind the scenes to promote the stable growth of the United States economy. In doing so, they can impact the flow of money through the economy, the level of inflation, and the amount of unemployment. Any systemic organization that has this much impact on our economy should be well-studied by us all. Today we will discuss:
2021-01-1124 minMoney’s No Object with Dylan Howell- PodcastTHE MOST IMPORTANT THING: Books To Read in 2021 - MNO EPISODE 115As likely the least well-known of the authors whose books we discussed this week, Howard Marks provides us all with extremely practical advice on how to go about investing in a way that is prudent and effective. THE MOST IMPORTANT THING is not just one extremely important principle, but it is a number of things that must all be taken into account when making any kind of investment decision. Among these things are several considerations that many of us make, but some are new and useful thoughts that may escape the common investor. If you want to be the...
2021-01-0825 minMoney’s No Object with Dylan Howell- PodcastSTOCKS FOR THE LONG RUN: Books To Read In 2021 - MNO EPISODE 114Owning stocks is a vital part of the growing of long-term wealth from nothing for most individuals in the United States. Jeremy Siegel does a phenomenal job, in STOCKS FOR THE LONG RUN, of making the case for buying and holding stocks for many decades. This is quite the comprehensive work, and it tells us quite a bit about market history while still telling us a lot about what we can expect in the future from investing in the stock market. Through the use of empirical data about the stock market, this book makes a very convincing argument for...
2021-01-0727 minMoney’s No Object with Dylan Howell- PodcastTHE LITTLE BOOK OF COMMON SENSE INVESTING: Books To Read In 2021 - MNO EPISODE 113It is hard to say what book I would have someone read if they had no prior understanding of investing, but they needed to get started. That said, this one would be toward the top of that list. John Bogle goes above and beyond to make sense of investing in a way that is simple and in a way that can be done by just about any individual out there. Bogle preaches investing in index funds over actively managed mutual funds and keeping costs associated with advisors, funds, and taxes as low as possible. This is a timeless investing...
2021-01-0626 minMoney’s No Object with Dylan Howell- PodcastTHE INTELLIGENT INVESTOR: Books To Read In 2021 - MNO EPISODE 112When it comes to the shaping of my investment philosophy, few books have impacted me the way that The Intelligent Investor, by Benjamin Graham, has. Why would you look any further than the man who inspired the greatest investor in modern history (Warren Buffett) to teach you how to invest effectively? In The Intelligent Investor, Ben Graham directs investors of all ages and backgrounds to follow several timeless principles of investing that hold up 72 years later. This is a book that I read every single year, and I believe that you would be wise to do the same! In...
2021-01-0524 minMoney’s No Object with Dylan Howell- PodcastTHE TOTAL MONEY MAKEOVER: Books To Read In 2021 - MNO EPISODE 111Of the books that have impacted my view of personal finances over time, this one may take the cake. In The Total Money Makeover, Dave Ramsey lays out a straightforward strategy for how to get out of debt and live your best life financially. Much of what I try to teach you all in each episode is grounded in a Dave Ramsey financial tenant. This book, specifically, was the first book that I ever read to have a step-by-step plan for your personal finances that had no gimics and that was grounded in conservative financial ideologies. The Total Money...
2021-01-0428 minMoney’s No Object with Dylan Howell- PodcastNEW YEAR'S RESOLUTIONS: Setting Financial Goals For 2021 - MNO EPISODE 110Now that 2020 is over, we can all begin to look forward to the new year with much hope and anticipation. In doing so, I know that many of us are going to make New Year's resolutions that we hope to achieve this year. So many resolutions are never kept, or a plan is never put in place to make sure that the resolution is kept. Some resolutions are also financial in nature, so I wanted to make sure that we know how to go about keeping our financial New Year's resolutions through the lens of the financial action plan...
2021-01-0127 minMoney’s No Object with Dylan Howell- PodcastFINANCIAL CRISIS IN 2021??? Knowing How To Spot A Financial Crisis - MNO EPISODE 109This year, 2020, has put us through many trials and tribulations both medically and economically. The question, though, is when is the next true financial crisis coming? I don't know and neither do you or any of the so-called "experts" of the financial world. Given that this is the case, it is important to look into the future with an understanding of the past and an understanding of all of the current things that could surely lead us into another systemic crisis. The next crisis is, no doubt, to be different from previous ones, but it is DEFINITELY going to...
2020-12-3126 minMoney’s No Object with Dylan Howell- PodcastNET WORTH STATEMENTS: Tracking Your Financial Progress - MNO EPISODE 108At the end of every year, it is good to take a look back at how your financial position has changed over the course of the year and how it has changed relative to years past. A great way in which this can be done is through the use of the annual net worth statement. Making these net worth statements is not a difficult task, but it does take some intentionality and the willingness to look your current financial situation in the face. Making one, especially the first one, can be painful and it will force you to be...
2020-12-3027 minMoney’s No Object with Dylan Howell- PodcastYEAR-END INVESTMENT RETURN EVALUATION: How To Properly Judge Your Investments - MNO EPISODE 107At the end of each year, we all receive those final statements on all of our investment accounts, and it has the tendency to send many people into a frenzy. There are several things that need to be understood before you make any determinations based on your year-end investment performance. You have to determine if your returns have accounted for things like fees and taxes, whether or not you are properly benchmarking your investments, and whether your investment style has any bearing on your need to make changes to your investment allocation. Accounting for all of these things can...
2020-12-2928 minMoney’s No Object with Dylan Howell- PodcastTAX-LOSS SELLING: Making The Most Of Bad Investment Returns - MNO EPISODE 106Whether we will admit it or not, all of us would like to pay the least that we possibly can in taxes, thus keeping the most of our income that we can. For those of us who have investments in taxable accounts, there is a way to decrease your tax burden. You can harvest your losses, meaning sell to realize the loss that you may currently have on a certain investment, and you can use it to deduct from your income this year and any potential capital gains that you may have for this year and beyond. Knowing how...
2020-12-2826 minMoney’s No Object with Dylan Howell- PodcastTHE GREATEST GIFT OF ALL: The Birth Of Jesus Christ (CHRISTMAS 2020) - MNO EPISODE 105MERRY CHRISTMAS!!! I am sure that many of you will spend your day enjoying time with family and friends, giving presents, receiving presents, and partaking in many other Christmas traditions. It is so easy to get caught up in all of the things that this day is not about, so I believe that it is important that I share with you what today is actually about and what that means for you and me. Celebrating the birth of Jesus Christ is a huge part of the Christian life, because without his birth, he would not have died to save...
2020-12-2526 minMoney’s No Object with Dylan Howell- PodcastNEVER BE CHRISTMAS BROKE AGAIN: Controlling Your Christmas Spending On Purpose - MNO EPISODE 104This time of year, there are far too many people reflecting on the excessive spending that they have done leading up to Christmas. This leaves many with a feeling of regret and frustration. I want to help everyone of you to leave that feeling in the past. In order to do so, we MUST attack every Christmas season from here on with intensity and intentionality. We must learn how to quit relying on debt and how to save for future events systematically. Let us never let Christmas, or the amount that we spend on Christmas, ever sneak up on...
2020-12-2426 minMoney’s No Object with Dylan Howell- PodcastCHRISTMAS GIVING: Gifting Money & Investments For Christmas - MNO EPISODE 103There are likely several people that you have a problem buying for when it comes to Christmas presents. Well, one thing that many people resort to is giving gift cards, money, or potentially investment products/accounts. This is perfectly fine, but we want to make sure that we do it in a way that is most mutually beneficial to the gift giver and receiver. We can change the lives of many around us by helping to set them up for the future with investments that will grow over time. This can be an immediate way to make a long-term...
2020-12-2327 minMoney’s No Object with Dylan Howell- PodcastSPECIAL EPISODE!!! COVID-19 RELIEF BILL DETAILS: What Should You Expect? - MNO EPISODE 102I know that this is not what was expected in today's episode, but after already having several episodes on COVID-19, I felt obligated to report to you what is in the most recent Coronavirus Relief Bill. This special episode is to both inform you what is in this new piece of legislation AND to let you know what you should be doing with this money, depending on where you are in your own financial life. Hopefully, this helps you to understand what is coming and make the most rational decisions possible. We will discuss:1. What is in...
2020-12-2229 minMoney’s No Object with Dylan Howell- PodcastAVOIDING CHRISTMAS CONFLICTS: Enjoying Your Family During Christmas - MNO EPISODE 101Christmas time is stressful enough. You go to all of your relatives houses. You have to fight the crowds to buy gifts. You may have to pay for a large part of a Christmas meal. Given all of these stresses, you shouldn't have added stress with things that you can keep away from your family. Money can be right in the middle of conflicts with family members, especially when gift-giving is involved, so we want to make sure that everyone is on the same page and failure to communicate doesn't lead to splintered relationships during this joyous holiday season...
2020-12-2128 minMoney’s No Object with Dylan Howell- PodcastCOLLEGE IS NOT FOR EVERYONE: Good Alternatives To College Degrees - MNO EPISODE 100You hear it said all the time that college is not for everyone, and I believe that to be true. This statement is in conflict with the lies of our culture that say that a college degree is the only true road to success. It is absolutely not. As a person working on his 3rd degree (BBA, MBA, & Ph.D.) at his 3rd different university, I know as much as anyone what the impacts of higher education are and what value higher education creates. I am not saying to not get a college degree, but I am saying that...
2020-12-1827 minMoney’s No Object with Dylan Howell- PodcastTHE HIGHEST & LOWEST PAYING COLLEGE MAJORS: Getting A Good Return On Investment - MNO EPISODE 99I don't think anyone's primary motivation for a college degree should be money. The motivation should be getting the education necessary to be productive in a particular field. That said, I do think that it is important to look at college like an investment, and part of investing is understanding what your return on investment is going to be. Without understanding which fields pay best and worst, it is extremely difficult for many people to make a decision about what they will pursue. Today we will discuss:1. Why money is not the most important part of your...
2020-12-1726 minMoney’s No Object with Dylan Howell- PodcastSAVING FOR YOUR KID'S COLLEGE: It's Easier Than You Think - MNO EPISODE 98I want to educate those of you out there who feel like you are just a normal individual who doesn't have the money to be paying for your kids' college. I want to make clear that even a small amount of money invested every month can make such a huge impact on your child's ability to attain higher education without going into student loan debt. That is the ultimate goal: Sacrifice on the front end so that we don't have to sacrifice the financial well-being of our kids on the back end. Today, we will discuss:1. Why...
2020-12-1625 minMoney’s No Object with Dylan Howell- PodcastYOU ARE YOUR BEST INVESTMENT: Spending Money To Make Yourself Better - MNO EPISODE 97People ask me far too often what the best type of investments are to really make the best returns. I consistently respond with "YOU." I want people to understand that they are their own best investment opportunity. Making yourself better by spending money to educate yourself or get yourself mentally/physically healthy is going to pay off far more in the long-term than is any financial product in which you could invest. We will discuss:1. Why YOU are your best investment2. Education as an investment in yourself3. Health (Mental & Physical) as investment in y...
2020-12-1526 minMoney’s No Object with Dylan Howell- PodcastSTUDENT LOANS ARE NOT NECESSARY: How To Avoid A Despised Debt - MNO EPISODE 96Student loans are one debt that I really can't get over. This is probably because I, like many of you, was a student loan borrower while getting my undergraduate degree. Those loans are long since paid off, but it does not make me feel any better about them as "good debt" or "opportunities" for college students today. You need to do all you can in order to go to college without debt. It may be difficult, and it will likely take a lot of work and sacrifice, but it WILL be worth it. Today we will discuss:1...
2020-12-1428 minMoney’s No Object with Dylan Howell- PodcastQUESTIONS TO ASK BEFORE MARRIAGE: Making Your Transition Easier - MNO EPISODE 95I have made abundantly clear this week that a good marital foundation relies on good communication. In this episode, I double down on that idea and really focus on the things that you need to ask yourself and the things that you need to ask your future spouse before jumping into marriage. Without getting some of these major things ironed out on the front-end, you could be setting yourself up for a world of hurt and frustration. We will discuss:1. Why it is important to ask hard questions2. What questions you should ask yourself about...
2020-12-1127 minMoney’s No Object with Dylan Howell- PodcastDO YOU NEED A PRENUP? How To Begin A Healthy Marriage - MNO EPISODE 94When beginning a marriage, you always want to start from a place of mutual trust and honest communication. When you start with a prenuptial agreement (a prenup), you are naturally beginning with a lack of such. The time and place for a prenuptial agreement is few and far between, and they are only necessary in come of the most unique circumstances possible. This episode is all about prenups and when the are (not often) or are not necessary (most of the time). We will discuss:1. What prenups are 2. When a prenup may actually be useful
2020-12-1027 minMoney’s No Object with Dylan Howell- PodcastIT'S ALL ABOUT "WHY?" : The Key To Getting On The Same Page Financially - MNO EPISODE 93When you are attempting to get on the same page with your spouse, or potential spouse, in the realm of your finances, you cannot start from a place of blame or self-righteousness. Getting on the same page relies on having honest conversations about what your dreams are and focusing on the answer to one question: "Why?" Understanding why you want to do something will make it clear to your spouse what your intentions are and whether or not they share the same visions for life that you do. Today, we will discuss:1. How to get your spouse...
2020-12-0928 min