Rank #1: #20: How to Stay Out of Debt Forever
Everyone loves a good debt freedom story, but how can you stay out of debt once you become debt free? In this episode, we share the behaviors and habits that have helped us remain debt free for over three years.
Aug 14 2017
Rank #2: #19: How to Vacation without Breaking the Bank
Co-host Ashlee loves planning trips. She creates travel guides, she helps friends and family map out the perfect vacation, and obsesses over the obscure local must-sees. In this episode, we dive into what the average traveler should know when planning a low cost, high value vacation. Our quick tips: Get ahead of it. Try to plan at least 3-6 months ahead of your trip Find out the Shoulder Season Use a travel planning toolbox Google Maps Google search for Travel Guides by travel bloggers Pinterest search for Travel Guides Listen to our guide on Credit Card Churning: savemoneydammit.com/churning Use incognito/private browsing when searching for flights and hotels Don't go overboard on paying for convenience. Over-budget by at least 20-30% Check out Ashlee's recent travel guides: Weekend getaway in Vegas: ashleephillips.com/vegas Best of New Orleans in 72 hours: ashleephillips.com/nola 72 hours in LA: ashleephillips.com/la Banff National Park in Canada: ashleephillips.com/banff New York City: ashleephillips.com/nyc
Aug 07 2017
Rank #3: #18: Challenging "Hustle Culture" and Finding Balance in Your Work
In this episode, we break down "Hustle Culture"—exploring the trendy cultural pressures of working harder and longer hours, as well as the importance of finding balance in your career. While the millennial generation has tried to steer away from our parents' habit of overworking and chasing the hollow American Dream, could it be that we're repeating their same mistakes by embracing the "hustle" mindset and not learning to balance our time properly?
Jul 31 2017
Rank #4: #17: Kyle Naylor on Why We Struggle to Find Our "Enough"
Kyle Naylor is a psychology researcher, speaker, and designer. Today, we deep dive into the deeper thinking behind our emotions and how they play into our financial lives. Things get heavy, but this is important stuff. Kyle's blog: http://kylenaylordesign.tumblr.com/ Deer Print Co. http://deerprintco.com/ Books: The Soul of Money Stretch The Power of Vulnerability
Apr 03 2017
Rank #5: #16: So You're Debt Free... Now What?
Getting out of debt—be it credit card/consumer debt or student loans—can seem like the biggest financial hurdle of our lives, but what should we do after becoming debt free? How can we easily transition from owing money to having extra disposable income without sliding back into debt? On today's episode, we cover the benefits of having a game plan prepared for life after debt.
Feb 22 2016
Rank #6: #15: Where to Draw the Line Between Debt Repayment and Spending
This episode is inspired by a question from one of our listeners. As you're busy paying off debt and making better financial decisions, where do you draw the line between continued debt reduction and spending on things you want? Is it really practical to never buy things while you're in debt repayment mode?
Feb 08 2016
Rank #7: #14: A Complete Guide to Credit Card Churning with Ro Leavell
What if you could travel around the world for free? Through the world of credit card churning, this can become a reality. On today’s show, we’re joined by one of my good friends and credit card churning expert, Ro Leavell. He breaks down everything you need to know to go from zero to expert in the world of credit card churning. For more information on the cards and resources mentioned in this episode, go to savemoneydammit.com/churning. [00:50] Why Ro got into credit card churning [2:42] Things you need to know before getting into credit card churning [5:23] A breakdown of the two main types of credit card rewards – Cash Back and Program Rewards [6:47] When would someone want to go with Cash Back vs Rewards Programs? [8:25] Other than airlines, what are some additional travel perks that come with Rewards Programs? [10:09] A deeper explanation of point values in various Rewards Programs [12:50] The point transfer method vs the multiple card method [18:21] Ways to deal with cards that include annual fees [24:55] A look at the major card types – Discover, American Express, Mastercard, Visa – and Ro’s favorite types [28:38] Are there any issuers that are cracking down on credit card churners? [30:50] What about foreign transaction fees? [32:28] Ro’s recommended Cash Back and Program Rewards cards [37:00] A breakdown of credit score factors and how to keep your credit intact while churning [47:54] Downsides of credit card churning [49:57] The cards currently in Ro’s wallet and Ro’s favorite churning “hacks” [1:01:30] How Ro has used his rewards points
Feb 01 2016
Rank #8: #13: Challenging the Consumer Debt Mindset
The average American household carries over $150,000 in combined debt. Between cars, houses, credit cards, and student loans, many of us carry debt higher than our net worth. We're not helped by the fact that much of our American culture has a very pro-debt mindset. Today on the show, we challenge some of the common rhetoric about debt. [1:51] Discussion on the fact that healthy economies rely on debt [5:38] Discussion on the idea of using debt to avoid missing out on life opportunities [12:19] "Renting a house/apartment stinks?" It depends [15:20] How to build credit while also being debt free, and how to best utilize a credit card [21:01] Discussion on depleting an emergency fund to pay off debt [26:28] If you're not enjoying frugality, you're probably doing it wrong [34:25] The joys of avoiding debt [36:07] How to know when you can effectively utilize debt
Jan 25 2016
Rank #9: #12: Keeping Your Cool During a Declining Market
As investors, it's hard for us to ignore the fact that the market hasn't been performing well lately. At the time of this posting, we appear to be heading into a bear market. There's a general sense of panic and confusion, which can often lead to poor investing decisions. Fear can be a huge hindrance to your success as an investor, so today, we discuss how and why you should keep your cool though a bear market.
Jan 18 2016
Rank #10: #11: The Best Way to Stress Test Your Finances
If you've been working on your financials lately, you've probably made progress on building a healthy emergency fund. While emergency funds are crucial in any financial plan, the problem is that we rarely create a disaster recovery plan for the event of a job loss in which we're forced to utilize our emergency fund. In this episode, we share a process for stress testing your financial life and developing a disaster recovery process. Think of it like a fire drill for your finances.
Jan 14 2016