Cover image of Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.
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Rank #30 in Investing category

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Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.

Updated 2 months ago

Rank #30 in Investing category

Business
Education
Careers
Investing
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Honest and uncensored - this is not your father’s boring finance show. This show brings much needed ACTIONABLE advice to a people who hate being lectured about personal finance from the out-of-touch one percent. Andrew and Matt are relatable, funny, and brash. Their down-to-earth discussions about money are entertaining whether you’re a financial whiz or just starting out. To be a part of the show and get your financial questions answered, send an email to listenmoneymatters@gmail.com.

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Honest and uncensored - this is not your father’s boring finance show. This show brings much needed ACTIONABLE advice to a people who hate being lectured about personal finance from the out-of-touch one percent. Andrew and Matt are relatable, funny, and brash. Their down-to-earth discussions about money are entertaining whether you’re a financial whiz or just starting out. To be a part of the show and get your financial questions answered, send an email to listenmoneymatters@gmail.com.

iTunes Ratings

2059 Ratings
Average Ratings
1589
192
73
77
128

Any new episodes?

By sn.app - Jun 01 2020
Read more
Have you released anything over the last couple of weeks?

Best Personal Finance Podcast

By Jared B from WA - Mar 29 2020
Read more
Easy to follow, entertaining hosts and a ton of valuable information.

iTunes Ratings

2059 Ratings
Average Ratings
1589
192
73
77
128

Any new episodes?

By sn.app - Jun 01 2020
Read more
Have you released anything over the last couple of weeks?

Best Personal Finance Podcast

By Jared B from WA - Mar 29 2020
Read more
Easy to follow, entertaining hosts and a ton of valuable information.
Cover image of Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.

Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.

Latest release on May 11, 2020

Read more

Honest and uncensored - this is not your father’s boring finance show. This show brings much needed ACTIONABLE advice to a people who hate being lectured about personal finance from the out-of-touch one percent. Andrew and Matt are relatable, funny, and brash. Their down-to-earth discussions about money are entertaining whether you’re a financial whiz or just starting out. To be a part of the show and get your financial questions answered, send an email to listenmoneymatters@gmail.com.

Rank #1: How to Actually Save Thousands on Your Mortgage

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Adam Carroll joins us to discuss how to actually save thousands on your mortgage with home equity lines of credit.

 When we interviewed Adam for our new Rich Tips series, he mentioned how he is paying off his mortgage years ahead of schedule and saving thousands of dollars in interest. We were intrigued and asked him to join us to explain his strategy in greater detail.

 What Is A Home Equity Line Of Credit?

 A home equity line of credit, HELOC, is “An open ended line of credit extended to a homeowner that uses the borrower’s home as collateral. Once a maximum loan balance is established, the homeowner may draw on the line of credit at his or her discretion. Interest is charged on a predetermined variable rate, which is usually based on prevailing prime rates.” Most institutions will lend up to about 90% of loan to value.

Strategy

Adam has an ingenious use for his HELOC and you can use his strategy too. The HELOC is used as a checking account. All of your income is deposited into it and all of your expenses are paid out of it.

Depositing your paycheck into the HELOC acts like a payment so you aren’t adding a monthly payment. The money left over at the end of the month gets sent to the mortgage. What this does is send a massive payment to your mortgage each month.

The trick to make this work though is that you have to make more than you spend. Let’s look at an example: You bought a home for $100,000 with a $20,000 down payment. You can immediately take out a HELOC for $10,000. You then put that toward your mortgage.

In order for this to work though, you must make more than you spend. You make $5,000, spend $4,000 and have $1,000 left. That $1,000 goes into the HELOC until it’s paid off, so for ten months. Let’s say your interest rate is 5%. So that’s $500 over 12 months, $41.33 the first month in interest but when the income goes in, you’re paying a little less each month because you’re slowly paying the loan down with that $1,000 a month.

Rather than taking ten months to pay off, it takes around 7. And because your mortgage went from $80,000 to $70,000, you will pay less interest not just over ten months but over the entire life of the loan.

What If You Don’t Own A Home?

You can still use a similar strategy if you don’t own a home. You can get a personal line of credit, PLOC. A PLOC is “A loan that you use like a credit card account that you access without using a card. Instead, you write special checks or request a transfer to your checking account by phone or online. You have a credit limit, receive a monthly bill, make at least a minimum payment, pay interest based on your outstanding balance, and possibly pay a fee each time you use the account. 

PLOC are unsecured, unlike HELOCs, which are backed by a mortgage on your home. PLOCs are offered by banks and credit unions and usually require that you also have a checking account with the same institution.”

PLOCs have their drawbacks. The interest rate is higher than a HELOC and the interest is not tax deductible. But if you have high-interest debt and don’t own a home, they can be beneficial.

What Keeps Us In Debt

It’s the way we bank and borrow. Taking out a 30 year mortgage is just SOP in the United States. Amortization is the process of paying off a debt, like a mortgage over time with regular payments. An amortization schedule is a table detailing each periodic payment on an that loan.

We borrowed $80,000 to buy our home above. With a 30 year mortgage at 3.5%, you will pay $50,000 in interest when it’s all over! Your first mortgage payment will be $359,

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Dec 07 2015

1hr 9mins

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Rank #2: Stop Living Paycheck to Paycheck

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Your paycheck gets deposited, groceries purchased, bills paid, and then you’re broke again until the next payday.

 That is the story for almost half of American households, and the vicious cycle is hard to break. It won’t be easy, but you can stop living paycheck to paycheck.

 An NYU study found that about 70 million Americans live in “wealthy hand-to-mouth” households. These are families that own assets like homes, retirement accounts, college funds and cars but yet still live paycheck to paycheck. They spend almost every dollar of their annual income to keep up their lifestyle and pay all the bills.

 Why is it happening?

 If you want to stop living paycheck to paycheck, you need to find the root of the problem. It is probably very simple – you are spending more than you earn. You may not throw your money away on extravagant things, but you are still living above your means.

 It’s time to consider making some lifestyle changes. Start by making a list of necessary and optional expenses see where you can save.

 If your spending is already very low, ask yourself what you need to survive and reframe your lifestyle choices. That can mean moving to a cheaper apartment, stop eating out,  taking the bus to work, making lunch at home, getting rid of the gym membership or get your bills lowered.

There are many people who people survive on very little – look at Mr. Money Mustache. Take a hard look at the choices you have been making and create a budget that will give you the flexibility to save, even if it’s just $50 a month. You can build wealth one dollar at a time.

Prosperity Mindset

The mind is a powerful thing. To make real changes in our lives, we need to create a positive shift in our thinking. I’m not talking about The Secret “think it and it shall happen” bullshit. Well, maybe a little.

Having a bigger vision for what you believe is possible for yourself is the first step to getting there. There is truth in the law of attraction. If you feel that you will never be financially stable or you’ll never get out of debt you most likely won’t. That negativity is reinforcing your limitations.

Take full responsibility for your financial circumstances. Your willingness to change it is a key factor in your ability to make better financial decisions.

Remember, prosperity is not about having a big house or ton of money. It is about being happy and living comfortably, and the way to get there is with a positive attitude and motivation.

Breaking the Cycle

Think for a moment on what you’ll gain from breaking the cycle. How will it feel to have extra money at the end of the month? Once you start having money left at the end of every pay cycle, you’ll begin to feel a little freer. Having financial breathing room will significantly reduce your stress. 

Give yourself a pay cut. Living slightly below your means will help you stashing away some savings every month to grown an emergency fund. Try to pretend you earn less than you do.

Start a crash savings program and do it in a short period like one to two months. Try saving 5-10% of your paycheck. Set up an automatic transfer to your account so it is easier to stick with it. Roughing it for a short period is all you need to get out of the cycle. Once you see that it is doable, it will be much easier to stay on course.

If cutting expenses aren’t enough, then you need to build more income. Having an additional stream will make a huge difference even if it’s only $100 extra a month.  It doesn’t necessarily have to be another job.

If you have a few extra hours a week,

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Aug 01 2016

43mins

Play

Rank #3: 5 Questions: Home Equity Loans, Student Loans, and Mortgages

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 Today we’re answering listener questions. Student loans, home equity loans, over paying your mortgage and a day in the life of a data engineer.

 We love to answer your questions on the podcast. If you are wondering, odds are someone else in the audience would like to know too.

 1. I miscalculated and took out too much in student loans. Should I pay it back right away? Yes, pay it back if you don’t need it. Pay off the higher interest rate loan first.

 2. Should I take out a home equity loan to pay for roof repairs? Yes, a home equity loan will have a lower interest rate than a personal loan or heaven forbid, putting it on a credit card.

 3. Should we use Betterment as a savings account for a down payment, to bulk pay student or car loans, and as a place to keep a 3-6 month emergency fund? If you’re going buy a house in less than five years, no. Yes to the loans again applying the five year rule. Yes to keeping your emergency fund there.

 4. How to allocate extra money to mortgage payments versus to a retirement fund or emergency fund? It’s almost never best to over pay the mortgage. It’s better to throw extra at the retirement account. If you do want to pay extra to the mortgage, pay more than once a month to cut down on the interest you pay.

 5. What’s a typical day for a data engineer? Data engineer is a niche job so it commands good money. Andrew has an undergrad in info technology. He pulls data from various sources, builds warehouses to store it, and gathers insight from the culled data. He goes to lots of meetings.

Show Notes:

Betterment: The easy way to invest.

Patreon: Help support LMM.

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Apr 13 2015

29mins

Play

Rank #4: A Beginners Guide To Real Estate Investing

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Most of us are not going to get rich simply from our jobs – we have a limited amount of time for actively working. To reach financial independence, we have to create sources of passive income. Smart real estate investing can bring in big returns and grow your net worth.

 Like investing in the stock market, real estate investing can seem intimidating. It’s really not though. There are just some key fundamentals you need to know before you get started.

 Everyone wants to be the Donald Trump of their neighborhood. But with less turnover. Fewer walls. Better inter-neighbor relations.

 OK, maybe that was a bad example. But, maybe not.

 “It’s tangible, it’s solid, it’s beautiful. It’s artistic from my standpoint, and I just love real estate.” – Donald Trump

 Maybe this human candy corn topped with cheese whiz is on to something. Real estate is a physical asset you can touch and is not going out of business any time soon. Unless people all of sudden choose to live off the land again…

 Nah!

 No matter how you slice it, real property is here to stay, which is why many choose to put their money into it. Investing in real estate has crossed all of our minds at one point or another.

But if this is an investment option you’re considering, you may have no idea where to start.

To successfully pursue investment opportunities in the real estate market, you must first do your due diligence to ensure that you understand the intricacies of your local market and the factors that dictate the profitability of what you’re investing in.

In this article, I will offer you a broad overview of just about everything you need to know about beginning with investing in property; the very basics. And I promise, no more bear attacks or Trump references.

An overview of real estate investments

At a basic level, real estate investing is a method of making money by renting, flipping or owning residential, industrial, commercial properties, or parcels of land. Some investors may find these properties on their own, or through the use of an online real estate marketplace like Roofstock, the Multiple Listing Services, or Zillow.

Residential real estate investments are the most common forms of real estate investing. These include single-family homes, condos, and townhomes that can be re-sold or rented out to turn a profit.

For example, you buy a condo in Beach City 5 miles from you for $100,000, you rent it out on Airbnb for $100 a night, you make a lotta tuna.

Simple as that. Well, maybe there’s a bit more to it. But more on that later.

Larger residential properties and those that are intended for use by businesses fall under the category of commercial real estate. Owners can make money from commercial properties by leasing out office space or multifamily residential units.

The rule of thumb is anything that’s rented out to a business and any residential building with more than 4 units inside it, is classified as commercial. These types of properties have different lending criteria when applying for a mortgage.

Regardless of the type of property you own, you can benefit monetarily profit from an investment property in four key ways: rent, appreciation, tax benefits, and interest.

Rent

The owner of a single-family home, condo, townhome, multifamily property, commercial building, crowdfunded real estate or industrial real estate may generate rental income by leasing out all or ...

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Jun 22 2015

1hr

Play

Rank #5: 5 Questions: Roth IRA's, Investing 10K, and Using Acorns

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Competition is heating up among the Robo-Advisors. We get a lot of emails asking which is better: Acorns vs. Betterment vs. Wealthfront so we broke down each of the services to see who deserves your investment.

 The whole point of going with a Robo-Advisor is the ease of use. Based on the research, it’s highly unlikely you’ll outperform the market on your own. Better yet, if you tried to do it on your own, it would be much more expensive.

For someone just looking to invest with the right service, it’s getting harder and harder to tell where you should put your money.

Before we get started, I also wrote an incredibly in-depth Betterment Review, an equally detailed Wealthfront Review as well as interviewed the Acorns founders so if you’re looking to go even deeper check those out. In this article, I’ll be focusing more on the nuances of each service than the nitty-gritty features and how they work.

Let the Robo-Advisor battle begin!

A Birds Eye View

Every good investment comparison needs a sexy chart breaking down the differences. I’m not one to leave you wanting so bask in its glory:

Promotions

Students Invest For Free

Up to 6 Months Free

Invest $15,000 Free

Management Fees

0.25% a year

0.25% – 0.5% a year

0% – 0.25% a year

Minimum Deposit

None

None

None

Automatic Rebalancing

Yes

Yes

Yes

Tax Loss Harvesting

No

Yes

Yes

Assets Under Management

$73.6 Million

$5 Billion

$3.5 Billion

iOS App

Yes

Yes

Yes

Android App

Yes

Yes

Yes

Taxable Accounts

Yes

Yes

Yes

IRAs

Yes

Yes

Yes

On paper they’re very comparable but as you know, the magic is in the details. In order to objectively compare Acorns vs Betterment vs Wealthfront I’ve come up with three main rounds the services will battle in to win your investment.

Round 1: Ease of Use and Sex Appeal

Acorns has a beautiful app and a beautiful website. It’s one of the best-designed apps on my phone by a long shot. I’m of course not the only one to notice this – they’ve won some design award every year since they opened their doors.

That’s sexy investing, am I right or am I right? This Round was just going to be called Ease of Use, but Acorns elevated it to Sex Appeal. I’m willing to bet this is the biggest way they get people to try them out. Sexy screenshots.

That can also be a downside though. We’re about investing for the long-term here so if you need to keep opening your app just to see the pretty colors; you’ll also see daily fluctuations and go slowly insane.

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Oct 02 2014

36mins

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Rank #6: The Personal Finance Blueprint 2.0

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The Personal Finance Blueprint 2.0 will show you how to build a strong financial foundation and show you when and where to start with investing.

Show Notes

Freddie Murkury IPA Mikkeller Brewing San Diego

Leftover - Matts new home brew

Betterment Smart Saver

Simple Bank- No ATM fees here

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Nov 05 2018

1hr

Play

Rank #7: Why Rich People are Cheap

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Accordingly to the Fidelity Millionaire Outlook Survey, 86% of millionaires are self-made. Even more remarkable, 78% of them started out as middle class or poor. Only 22% grew up in the upper class. That means that the vast majority of millionaires built their wealth the old fashioned way: hard work, consistent saving and investing in the long-term.

We’ll explain why rich people are cheap and how you can adopt their simple habits to become a millionaire yourself.


Show Notes

Warren Buffett Documentary HBO

Honey

MrBeast Spending 1,000,000 in 24 Hours

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Jan 13 2020

54mins

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Rank #8: How To Use a Credit Card Like A Responsible Adult

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Used properly, a credit card can have all sorts of benefits. Used improperly, it can drag you into bankruptcy.  A credit card can be a blessing or a curse. Some people refuse even to touch one. But if you know how to use one, it is a tool like anything else.

Full Article Here

Show Notes

Tallgrass Brewing Buffalo Sweat:  A sweet, oatmeal cream stout.

Credit Karma:  Get your credit score for free.

Extra Pack of Peanuts:  Learn how to churn airline miles.

LMM How to Improve Your Credit Score:  Hacks to boost your score fast.

LMM Best Travel Cards: If you want free flights and hotels, these are the best cards.

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Feb 13 2015

53mins

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Rank #9: How We're Investing Our Money This Year

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We’re often asked where we are putting our money and, that question has never been more important to us personally. Especially considering the direction the winds are blowing and our feelings with what is happening in the world. We'll be talking about how we're investing our money this year and what is coloring our decisions.


Show Notes

The Golden Butterfly Investing Strategy

Fundrise Real Estate Investing

Our Investing Blueprint

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Jan 06 2020

56mins

Play

Rank #10: The Real Difference Between a Rich Mindset vs. a Poor Mindset

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Maybe you are rich. Maybe you are poor. Maybe you have experienced being both at some point in your life. If you haven’t figured it out yet, being rich isn’t all about money. It’s about well-being, abundance, having time, success, and the right mindset. There are definitely social issues that contribute to poverty, however, rich vs poor mindsets can also drive wealth and success. There are many poor people with a rich mindset, financially poor due to circumstance. And there are many trust fund babies with a poor mindset.

Full Article Here

Show Notes:

Order of Man Podcast

Menfluential Conference

The Dip By Seth Godin

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Mar 26 2018

1hr 18mins

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Rank #11: How to Make Passive Income a Reality

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There is a lot of chatter in the personal finance world about passive income, why you need it and how great it is. But what is it and why is it such a topic of conversation? Passive income is money that you earn without doing much to make it. Some passive income ideas take a degree of upfront work to earn, like writing an e-book and some don't take any effort at all, such as investing with a robo advisor. Today we talk about what exactly passive income is and understanding the non-passive nature of building it.

Full Article Here

Show Notes:

SeatedYou nee to use Seated to book restaurant reservations. Every time you complete a reservation, you get a gift code for up to 25% of your bill that you can use at Amazon, Uber, or Starbucks. The rewards are available within 24 hours of your completed reservation. Laura and I almost exclusively eat out with Seated because it saves us so much.

Paribus: Receiving refund checks are our favorite past-time. As it turns out, stores owe you money but they don’t pay if you don’t ask. That’s where Paribus comes in – they go to bat for you. Price drop? Get cash back for the difference. Deliveries arrive later than advertised? Get cash back.

Fundrise: Did you know that investors with 20% allocated to real estate outperform those who only invest in stocks and bonds? Diversify without the dramatics of actual tenants. The minimum investment is $500.

Lending Club:

The banks had a monopoly on personal loans until Lending Club came along. Now you can get a loan sourced from normal people. Reduce the cost of your debt and refinance. Lending Club has competitive rates and borrower benefits.

Drop: Earn cash rewards from your favorite brands. Drop is the free app that's giving out millions in cash rewards for the spending you do everyday.

BizBuySell: BizBuySell is the Internet's largest and most heavily trafficked business for sale marketplace, with more business for sale listings, more unique users, and more search activity than any other service. BizBuySell also has one of the largest databases of sale comparables for recently sold businesses and one of the industry's leading franchise directories. 

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Oct 29 2018

52mins

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Rank #12: Expensive Taste May Be Prohibiting Your Financial Growth

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Does champagne taste hurt your wealth building?  Unless you’re a Russian oligarch, the answer may be yes.  We like nice things even if we can’t  afford them.


There comes a time when we have to live within our means.  Easier said than done when you have expensive tastes.  Even harder to do in a big urban area like New York City.  The reason we are so revolted by mediocrity is because we are surrounded by excellence.  But when it comes to wealth building, this is a dangerous mindset.


Dinners, cars, clothes.  We all have our weak spots.  So what to do about it?  Does everything have to be top shelf for your special self?  It’s not like you’re the Pope or anything.  So instead of the $50 bottle of Bordeaux, how about the $25 bottle?  You’re probably no wine expert either so likely won’t notice the difference.  That’s not too say you can’t ever have the really good stuff.  But save it for special occasions.  It’s part of what makes them special.


Quality is sometimes largely perception.  Quality doesn’t always mean the most expensive.  It’s better meaning would be the most durable.  Many people who buy only the most expensive things often don’t recognize quality anyway.  They just follow the herd in buying what they’ve been told is the best via advertising.  People interested in quality have done enough research to discern quality from cost.


We’re not condoning PBR consumption but after beer number four, what difference does it make really?  I type this as I’m listening to Matt describe Andrew rubbing his new I-Phone on his face.  So what is the point of this episode?  Do as we say not as we do?  No, that doesn’t seem like the correct message to send.  How about this?  Buy the best that you need, not the best you can afford.


Show Notes

Mint:  Track how many I-phones you buy!

Betterment:  Invest so you have money for more I-phones!

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Oct 18 2014

32mins

Play

Rank #13: Investing Is Not Hard And Anyone Can do It

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Many people are afraid to get started investing. Some are scared to lose money, feel they don't have enough money or it can be due to lack of personal finance knowledge. Investing is not hard and anyone can do it. You can start investing with any amount money and the earlier you start, the better. We'll explain the fundamental concepts, lingo, types of investments and the basics of how to start investing. You got this!

Full Article Here

Show Notes

An Mas Chili Jesus: 12% ABV, what else do you need to know?

Krane Financial Solutions: Justin's fee only investing firm.

JKrane.com:Justin teaches business owners how to be smart with their money so they can fund personal goals.

Simple Wealth: Research and evaluate rental properties.

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Jul 24 2017

1hr 12mins

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Rank #14: What the F**k is the Federal Reserve?

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 Larry Ludwig from Investor Junkie is our guest today to explain what the Federal Reserve is, does, and why you need to know.

 Put simply, the Fed sets monetary policy and either adds or removes money from the system. There are twelve regional Feds across the country to help manage local banks. It was created in 1913 as a way to prevent feature economic disasters. Bit of a fail I think.

The chairperson is appointed by the president but is supposed to operate independently of the government. Prior to 1971, we operated on the gold standard so the Fed made sure the amount of money matched the amount of gold. Now we operate on a “faith based” system where we rely on the government to determine the value of money.

In order to help stimulate the economy after the crash, the Fed allowed banks to borrow money at 0% interest. The rate has been that low for seven years. Lowering the interest rates is meant to stimulate the economy. When rates are low, people can borrow money to buy things they couldn’t afford before. When interest rates are raised, that means that the economy is doing well and is at nearly full employment.

The Fed is also tasked with keeping inflation/deflation in check. They have not always been successful but the average rate of inflation has been about 3% since the Fed’s creation.

The Fed also determines how much cash banks must have in reserve.

Ultimately it’s productivity that grows an economy and not slight of hand by the Fed. And a lot of economists consider all this smoke and mirrors to be merely kicking the can down the road, just delaying the next 2008 style melt down.

Is the Fed good or bad? That’s up for debate. The Fed has helped pull us out of crisis but did they create the crisis in the first place? Are they creating artificial cycles?

What can you do to protect yourself against the whim of the Fed? Make sure to have a good asset allocation strategy. Aside from that and repatriating, there isn’t much else you can do.

It’s good to understand the Fed but ultimately, invest your money in the LMM set it and forget it style and don’t worry too much about what they are doing.

Show Notes

White Beer: A crisp, summer beer.

Investor Junkie: Larry’s site dedicated to helping you become a better investor.

The Creature from Jekyll Island: A look at the Federal Reserve.

Betterment: Don’t worry about the Fed and invest your money.

Patreon: Want to keep LMM ad free? Donate now!

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Jun 01 2015

48mins

Play

Rank #15: It’s About Time You Stop Wasting Money

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All of us have spending leaks, money we spend that we shouldn’t. We’re getting back to basics. While you were all busy investing in real estate and monitoring your portfolios, you’ve been steadily wasting money. We’re all guilty of it, but from time to time we need to go back to personal finance 101 and take a hard look at how much we are spending day to day. Stop wasting money already!  And remember what gets measured gets managed.

Full Article Here

Show Notes

Cascade Kriek Ale:A sour ale from Cascade Brewing.

LMM Pro:Research, evaluate, and track rental property.

Toolbox:All the best stuff we use to manage our money.

Community: Join the conversation.

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May 15 2017

51mins

Play

Rank #16: How To Retire Early with Mr. Money Mustache

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Do you dream of retiring early? We interview the expert in early retirement, Mr Money Mustache. We must learn his ways.

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Sep 08 2014

58mins

Play

Rank #17: What the F**k is REIT Investing?

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Are you looking for a way to invest in real estate without all of the hassles of becoming a landlord? Then REIT investing might be just what you’re looking for. But what the f**k is REIT investing?

 Real estate can be an important addition to your investment portfolio, but it seems out of reach for many of us. We don’t even live in our own house, we rent. So how are we going to ever own real estate? There is a way!

What is are REIT Investments?

A REIT or Real Estate Investment Trust is a company that owns, manages or bankrolls income-producing real estate. The rent generated from the properties is distributed to shareholders in the form of dividends.

REIT is similar to a mutual fund and trade on the major market exchanges. It allows individual investors to pool their money and own real estate that they wouldn’t be able to afford on their own.

When you own stock in a REIT, you own a small sliver of the apartment or office buildings they own just like when you own stock in a company you own a tiny piece of that company. Due to the nature of real estate investing, REITs typically do better in low-interest rate environments and when there are higher rates it is usually a bumpy ride for the REIT market.

To qualify as a REIT, a company has to adhere to specific guidelines put in place by Congress. These guidelines include:

* Is considered a corporation according to the IRS revenue code

* Is managed by a board of directors

* Has at least 100 shareholders

* Have no more than 50% of its shares held by five or fewer individuals

* Has at least 75% of its assets in real estate, US Treasurys, or cash

* Generates at least 75% of its net income from real estate

* 95% of its income must be passive like rent

* At least 90% of its taxable income is paid to shareholders via dividends

There are two kinds of REITs.

Equity REITs

About 90% of REITs are equity REITs. Equity REITs buy, manage, build, remodel, and sell real estate. The revenues from these REITs come mainly from rental income.

The types of real estate properties include residential, retail, office, industrial, and hotels. Equity REITs often specialize in a specific property types. Residential REIT’s invest in single-family homes or apartment buildings and retail REITs invest in shopping and strip malls.

Mortgage REITs

Mortgage REITs only make up about 10% of REITs. A mortgage REIT lends money to real estate buyers or buys existing mortgages or mortgage-backed securities. The revenue from these REITs come from the interest paid on the mortgage loans.

Mortgage REITs often specialize too, either in residential or commercial mortgages.

How to start investing in REITs

The ultimate goal of any investment is to make money so how do you make money on a REIT?

REIT stocks let investors invest in real estate the same way they invest in any other industry, by purchasing stocks through a mutual fund or ETF on the stock market. When you are a shareholder in a REIT, you earn a portion of the money generated by that investment.

REITs are exempt from corporate taxes as long as they adhere to the Congressional guidelines we outlined above. Because a REIT’s income is not taxed, there is more money for shareholders. Shareholders though do have to pay capital gains taxes on the dividends at their ordinary income tax rate.

Investors can deduct 20% of REIT dividends though lowering the maximum tax rate from 39.6% to 29.6%.

REITs often provide high dividends, and those dividends can increase over time as the REIT’s properties appreciate in asset value.

eREIT

If a $3,000 minimum, the initial investment is too rich for your blood, there is a company in the REIT arena called 

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Jan 23 2015

41mins

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Rank #18: Getting Schooled On Bonds

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A few months ago we did an introduction to bonds episode. We wanted to get a little deeper into the topic and a listener, Eric, agreed to help us out.

 As you heard in the disclaimer, this is a complex topic. Stick with it though, it will all make sense by the end of the episode.

 There are many types of bonds but the most basic description would be, a bond is an IOU. A coupon is the interest payment and you get that on a semi-annual basis until the bond matures. At maturity, you get the face value back.

 A government bond is a treasury bond. These are often the benchmark that other bond rates are based on.

 Agency bonds are issued by government-sponsored agencies like Fannie May. Mortgage-backed securities are mortgages sold off by the mortgage lender. Corporate bonds are what many of us are familiar with. These are sold when a company needs to raise money.

 A municipal bond is issued by a city, town, state, or even a water company to fund expenses. Even Yankee Stadium has bonds! The yields are lower but from a tax stand point, they are a good investment.

 Bonds are affected by interest rates and their credit ratings. Triple A is the highest rating. Anything rated below Triple B- is considered a junk bond.

 Since most of our audience are buy and hold investors, we don’t need to be concerned with bond pricing on a day to day basis. You just need to be happy with the coupon payments you will receive and the credit rating of the bond. This is why Treasury bonds are a good investment for buy and holders.

 Phew, get all that?

 Show Notes

Backpocket Brewing Penny Whistle: A Bavarian wheat with spice notes.

Betterment: The easy way to invest.

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May 04 2015

51mins

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Rank #19: 5 Questions: Retirement Funds, Savings Bonds and Budgeting

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The guys tackle five great listener questions today. For full answers listen to the episode below.

 Question One

 Longtime listener, quick question. I currently put about 25% of my income toward my betterment retirement fund. I rent now but eventually would like to buy a house within the next 10 years. Should I go 15% retirement and 10% home? I would create a new betterment account rather than keeping all in one. Let me know what you’d do.

 If you are able to save 25% of your income then you are definitely on the right track! The split of the savings really depends on your situation, the percent is arbitrary. What is really important is if x% is enough to reach your retirement and other goals.

 Taking into consideration how much you make, what kind of raises you can expect in the future and how much of a down payment you’ll need to purchase a home, will help you figure out if 10% over 10 years will be enough for the kind of home you would like to buy. You also need to figure out if saving 15% a year is enough for the retirement your looking for.

 Question Two

 Hi Guys- I’m 26, in sales (salary plus bonuses) and also work at a restaurant every Saturday. My salary is $42,000, and my bonuses usually total $5,000 per year. Serving money obviously fluctuates, but let’s say its $130.00 a week on average. (520/mo ~ $6/yr) = total $53k

 I have $3,300 in credit card debt and paying that off is my immediate financial goal. I’ve tightened my budget and am using the money i’m saving there plus my serving money to pay that off. Basically, i’m throwing every extra dollar I have at that debt.

 My question is what should I do when I pay that off. I have 19k in federal student loan debt, but I have friends and co-workers who say thats “not bad debt” and I should start saving for a house/investing my money instead of putting all my resources into paying that off as quick as possible.

 Any thoughts or suggestions will be greatly appreciated. Thanks again guys.

 We get this question a lot and most of the the time the answer is pay off your student loan debts after you you have suitable emergency fund in savings. You can’t wipe out your bank all accounts to pay off your debt. Leave yourself some breathing room and make sure you have some money saved up for any unaccepted bills or situations.

 Also depending on your debt interest rate, it might be ok to start investing. If you have a low rate (3.8%) putting a little into the market is ok. If you have a high interest rate (7%+) the 19k in loans will become 21, 22, 23k if not paid down quickly. The market average is 7% so if your loans are 7% or higher mathematically it’s a better choice to pay off debt first and fast. The freedom you feel when it’s all gone will be worth it.

 Question Three

 I am 31 years old and married. My wife and I make about 80k per year combined and live in Colorado. I contribute to my employers 401k up to match each year. I have an online high yield emergency fund account with about 10k saved. We only keep about 5k in our checking account to pay off the credit cards and mortgage payments each month.

 Here’s where it gets interesting: When I was a child I inherited a large amount of money, around 250k which was set aside until I was 18. Since then it has been in a portfolio of mutual funds actively managed by a financial advisor. The returns have been a meager 4% since 2004. This is where I’m concerned after hearing about the awesome returns you guys have been getting through betterment and vanguard.

 My financial advisor seems to be making a lot of money off me in quarterly fees (about 2500 per year) with very minimal returns compared to what I could be doing with betterment and vanguard.

 So my question is, what you would you guys do with the 250k? I always thought I wasn’t financially capable of actively...

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Apr 18 2016

46mins

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Rank #20: Invest or Pay Off Debt? That is the Question.

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There are a lot of questions in personal finance but maybe the biggest is invest or pay off debt? That is the question we get at LMM most often. There is a lot of emotions involved when it comes to making financial decisions but this framework largely removes emotion. This is straight up what you should do to optimize your finances. So, what should you do first, invest or pay off debt? Today Andrew has done the math.

Full Article Here

Show Notes

Even More Jesus Evil Twin Brewing: An Imperial Stout.

Sour Monkey: A sour ale from Victory Brewing Company.

Simple Wealth: Research and evaluate rental properties.

Tool Box: All the best stuff to manage your money.

Student Loan Debt

Mortgage Debt

Pay Off vs Hold Excel Spreadsheet (found in the bowels of the internet)

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Sep 18 2017

39mins

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A Simple Strategy for Rental Properties

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Today we’re talking about our simple strategy for owning and managing rental properties. We have a course called Rental Properties for Passive Investors and we got some feedback that we think it’s important to address.

Show Notes

Investable

Rental Properties For Passive Investors Course

Start Investing with Roofstock

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May 11 2020

46mins

Play

That Will Never Work with Netflix Co-Founder Marc Randolph

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Today we have a guest on the show - the Co-Founder and first CEO of Netflix. Marc Randolph to talk about his new book That Will Never work. The real-life, totally improbable story of Netflix’s early days, told in Marc Randolph’s unconventional, engaging, inspiring style. A vivid primer on the realities of startup ventures, and a seriously entertaining read. Now a National Bestseller.


Show Notes

https://www.marcrandolph.com/

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May 04 2020

48mins

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The Great Index Fund Takeover

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Is there’s an index fund bubble? Today we’re talking about how index funds are taking over and how the state of index funds should affect how you invest.


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Apr 13 2020

41mins

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Golden Butterfly Update - Will It Weather The Storm

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Today we’re taking a look at how the Golden Butterfly has performed in the recent market correction compared to other investment strategies. We will be looking at The Golden Butterfly, The All Weather Portfolio; and Vanguard’s Total Stock Index and we’re going to compare each portfolio by pretending you had $100,000 perfectly allocated in each strategy as of October 2, 2019 (before COVID-19) and compare it to the portfolio’s value as of April 1, 2020 (6 months later).

Show Notes

Rental Properties for Passive Investors- An LMM course on our proven, data-driven approach to building a portfolio of income-producing rental properties that perform in the long-term. Use this link to get $50 off the course.

Portfoliocharts.com - Portfolio Charts explores practical worldwide index investing strategies using intuitive charts and real-world examples that look beyond the raw numbers

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Apr 06 2020

43mins

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5 Questions: Foreclosures, Bootcamps and Timing The Market

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Today is 5 questions episode and we will be talking about foreclosures as a real estate investment, coding bootcamps, timing the market, Fundrise IPO and managing financial goals in your relationship.

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Mar 30 2020

47mins

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How to Buy Income-Producing Websites

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It is no secret that Andrew and I each own multiple online businesses that earn us passive income. Before we started we had no idea what we were doing. It’s not easy to start a website from scratch and if you’re not already building an online business you might not even know what a great idea looks like. Today we’re talking about how you can buy an existing online business. 

We have a special guest on the show today, Blake Hutchinson, the CEO of Flippa.com. We’ll get into the details of buying on the platform, what to look for, and how to properly value an online business.

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Mar 23 2020

54mins

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The Modern Payday Loan

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Today we are talking about payday loans or what some new fin-tech companies are now calling “early wage access”. These companies seem to be disguising predatory lending with shiny new apps geared towards millennials making it even easier to get a payday loan.

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Mar 16 2020

49mins

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5 Questions: Dividend Stocks, The Fisher Effect and Employee Stock Options

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Today is 5 questions episode and we will be talking about dividend stocks, The Fisher Effect, employees stock options. non-taxable accounts and what to do if history repeats itself.

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Mar 02 2020

39mins

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The Rule of 55, Explained

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Today is we are talking about the Rule of 55. We’ve gotten quite a few listeners who have asked us to cover this so today we wanted to explain exactly what it is and how it works. 

The Rule of 55 isn’t the only way to access your 401k early so, were also talking about other ways to tap into your 401k and what would be the right reasons to take advantage of these early distributions

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Feb 17 2020

31mins

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To Franchise Or Not To Franchise

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Today we are answering a question from a listener, Andres about buying into a franchise and how they look as business opportunity. We get into actual franchise profitability, compare two popular franchises and explain how one franchisee makes over $2 billion a year.


Show Notes

Franchise Index

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Feb 10 2020

38mins

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How Female Breadwinners (Really) Make It Work

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Outdated gender roles persist both at home and in the office, here’s how one woman makes it work. Our guest today the Director of Global Partnerships and founder of Breadwinning Women at Google, and the host of her own podcast Working Wife, Happy Life. Bethanie Baynes. She talk about her experience being a bread winning woman.

Bethanies Website

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Feb 03 2020

53mins

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5 Questions: Inverse ETF’s, Saving For a House and REIT Investing

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Today is 5 questions episode and we will be talking about REIT investing, inverse ETF’s, Gold, saving for a house and IRA’s.

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Jan 27 2020

28mins

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The World Has Gone Mad and the System Is Broken

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Ray Dalio recently published an essay called “The World Has Gone Mad and the System is Broken”. When looking at the current state of the global economy he said:

“This set of circumstances is unsustainable and certainly can no longer be pushed as it has been pushed since 2008. That is why I believe the world is approaching a big paradigm shift.”

Besides being a huge fan of Ray’s, we think his essay does a great job of explaining the major forces at play in the global economy and we found it fascinating so I wanted to discuss and share with everyone.

Here are the four reasons Ray believes “The World has Gone Mad and the System is Broken”


Show Notes

The World has Gone Mad and the System is Broken

The Golden Butterfly

Betterment Everyday

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Jan 20 2020

53mins

Play

Why Rich People are Cheap

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Accordingly to the Fidelity Millionaire Outlook Survey, 86% of millionaires are self-made. Even more remarkable, 78% of them started out as middle class or poor. Only 22% grew up in the upper class. That means that the vast majority of millionaires built their wealth the old fashioned way: hard work, consistent saving and investing in the long-term.

We’ll explain why rich people are cheap and how you can adopt their simple habits to become a millionaire yourself.


Show Notes

Warren Buffett Documentary HBO

Honey

MrBeast Spending 1,000,000 in 24 Hours

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Jan 13 2020

54mins

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How We're Investing Our Money This Year

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We’re often asked where we are putting our money and, that question has never been more important to us personally. Especially considering the direction the winds are blowing and our feelings with what is happening in the world. We'll be talking about how we're investing our money this year and what is coloring our decisions.


Show Notes

The Golden Butterfly Investing Strategy

Fundrise Real Estate Investing

Our Investing Blueprint

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Jan 06 2020

56mins

Play

How To Retire Early with Mr. Money Mustache (Rebroadcast)

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Mr Money Mustache didn't retire because he was making so much money from his blog. He had actually been retired for six years before he started writing. The blog was born when he looked around at his friends who had good jobs but were still living paycheck to paycheck.

They bought into what has long been sold as the American Dream; go to college, get a job, buy a house, fill that house with as much stuff as it can hold (and when it can't hold anymore, rent a storage unit), have some kids, and get stuck in an unfulfilling job, dreaming of freedom that will always be out of reach.

Retire, maybe at 65 if you're lucky, and live out your days, just kind of existing, hoping your money will outlast you. The best years of your life long past. But what if you could be retired by thirty?

MMM started the blog out of frustration, he wanted to show them, and now us, that they could do what he did. And an empire started.

Original Broadcast Date September 8, 2014 

Full Article Here

Show Notes

Mr Money Mustache: Everything you need to know to retire early.

The 4 Pillars of Investing: A book that helped MMM get his start.

Betterment:  Start investing your 50% today.

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Nov 25 2019

58mins

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How to Reduce Taxable Income With Advanced IRA Strategies

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The biggest expenses in life are taxes and interest. If we can minimize those two things, we will put much more money in our own pockets and add many more years to our retirements.

Our guest, the Mad Fientist delves deep into advanced IRA strategies. Find out why you should have one and which one will best fit your needs.

Original Broadcast July 22, 2014 

Full Article Here

Show Notes

The Mad Fientist: Brandon's website and podcast.

Betterment: Our favorite investing tool. Use this link and get six months with no fees!

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Nov 18 2019

1hr

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Go Fire Yourself With Laurel Staples (Rebroadcast)

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Laurel Staples joins us to teach us how to forget the American dream and talk about her journey becoming an entrepreneur. Start living our own dreams on our own terms.

In 2007 Laurel quit her job as a mechanical engineer to launch her popular blog, Go Fire Yourself. In January she will publish her book about how to quit your day job and run your own business.

Original Broadcast Date August 18, 2014

Full Article Here

Show Notes

Smuttynose Bouncy House IPA: an all-occasion American ale.

Martini: made with Blue Coat gin and vermouth.

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Nov 11 2019

50mins

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Are We Loving Our Kids Too Much with Adam Carroll (Rebroadcast)

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What a weird concept. Loving your kids too much. But it can be true. By giving them too much, by coddling them from every possible disappointment, we turn them into ineffectual adults.

From ensuring that everyone gets a trophy to always giving them money when they ask, kids today can't handle normal disappointment and have never had to work or struggle for anything. Mom and Dad are always waiting, poised to smooth whatever path their children are on. But in the name of loving them, we're taking away character building opportunities.

This episode was originally broadcasted on October 22, 2014

Full Episode Here

Show Notes

Succeed Faster: Adam's site to help you build a bigger life.

Broke, Busted and Disgusted: Adam's upcoming documentary about student loan debt.

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Nov 04 2019

54mins

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Personal Money Horror Stories (Rebroadcast)

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It’s almost Halloween and nothing is more frightening than money horror stories. Close the blinds, turn off the lights, light a candle and prepare to be scared. Matt and Andrew haven’t always been smart with money, well Andrew mostly has. But even they have finance horror stories and will share them with us.

This episode was first published on October 31 2014

Show Notes

Hopfish IPA: An English style IPA.

The Bowery Boys Haunted Brooklyn: Here’s a special Halloween treat. One of my favorite podcasts. If you like history or just scary stories, check out the Bowery Boys annual Halloween podcast devoted to ghost stories of Brooklyn.

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Oct 28 2019

36mins

Play

iTunes Ratings

2059 Ratings
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Any new episodes?

By sn.app - Jun 01 2020
Read more
Have you released anything over the last couple of weeks?

Best Personal Finance Podcast

By Jared B from WA - Mar 29 2020
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Easy to follow, entertaining hosts and a ton of valuable information.