Avsnitt
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๐ In this episode, we explore the dual definitions of "enough money" and discuss the practical and emotional shifts that come after reaching financial independence.
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โWe share our thoughts about strategies for transitioning from wealth accumulation to life accumulation, managing legacy goals, and even share some laughs with a law trivia segment and deep-fried tofurkey anecdotes!
In this episode, we discuss:
1๏ธโฃ Enough Money to Retire: How to calculate financial independence using the 25x rule and 4% withdrawal rate, and what it means to truly walk away from work.
2๏ธโฃ Enough Money to Die: The importance of legacy planning, financial projections for end-of-life goals, and why dying with zero might not be the answer for everyone.
3๏ธโฃ Mindset Shifts After FI: The challenge of transitioning from saving to spending and aligning money with your values in retirement.
4๏ธโฃ Spending in Retirement: Practical steps to intentionally spend money on experiences, relationships, and what truly brings joy.
5๏ธโฃ Memory Dividends in FI: How creating lasting experiences with loved ones offers returns far greater than money can.
๐ Davidโs Links:
๐ฐ Free Money Course
๐๏ธ How to Spend Money Guilt-Free in Retirement! | Mark Trautman & Kevin Sebesta
๐ The Top Five Regrets of Dying book
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
#financialfreedom #retirementplanning #financialindependence #moneymindset #legacyplanning
๐ง Listen & Subscribe: Donโt miss out on this engaging discussion about redefining โenoughโ in financial independence and legacy planning. Hit subscribe and the bell icon ๐ to stay updated on future episodes!
๐ Disclaimer: This episode is for informational and entertainment purposes only. It is not financial advice. For tailored advice, consult a certified financial planner or advisor.
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๐ณ Money impacts every aspect of our livesโfrom personal security to emotional well-being. In this episode, we cover why money is important and how it helps us design lives filled with freedom, fulfillment, and happiness.
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โ๏ธWe explore strategies to manage finances effectively, build habits for financial independence, and even share some personal anecdotes about boiled peanuts and first jobs!
In this episode, we discuss:
1๏ธโฃ Money and Happiness: The link between financial security and reduced stress, plus the income thresholds where happiness begins to plateau.
2๏ธโฃ Relationships and Money: How financial conflicts arise in partnerships and ways to foster harmony through shared goals and open communication.
3๏ธโฃ Generational Cycles: Using financial literacy to break cycles of poverty and create stability for future generations.
4๏ธโฃ Building Smart Money Habits: Simple strategies like tracking expenses, automating savings, and filtering spending through personal values.
5๏ธโฃ Education and Financial Freedom: The role money plays in accessing quality education and extracurricular opportunities for yourself or your children.
๐ Carla's Links:
๐ Start Thinking Rich: 21 Harsh Truths to Take You from Broke to Financial Freedom
๐ Davidโs Links:
๐ฐ Free Money Course
๐ค Why is Money Important?
๐ Experian survey link
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
#personalfinance #financialfreedom #moneyhabits
๐ง Listen & Subscribe: Donโt miss out on more conversations about achieving financial independence and living intentionally. Hit subscribe and the bell icon ๐ to stay in the loop!
๐ Disclaimer: This episode is for informational and entertainment purposes only and is not financial advice. For personalized guidance, consult a financial professional.
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Saknas det avsnitt?
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๐ฝ Carla and I reveal our picks for the โMount Rushmore of Financial Independence,โ highlighting the icons, authors, and community leaders who inspire the FI movement.
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๐ฌ Additionally, we acknowledge the current tipping culture and how it's gone wild in recent yearsโtipping pressure, guilt, and where we draw the line.
๐ฅ In this episode, we discuss:
1๏ธโฃ Davidโs Mount Rushmore of Financial Independence: Pete Adeney (Mr. Money Mustache), Brad Barrett and Jonathan Mendonsa (ChooseFI), Stephen Baughier (CampFI), and JL Collins (The Simple Path to Wealth)
2๏ธโฃ Carlaโs Mount Rushmore of Financial Independence: Vicki Robin (Your Money or Your Life), Paula Pant (Afford Anything), Stephen Baughier (CampFI), and Carl & Mindy Jensen (1500 Days & BiggerPockets Money)
3๏ธโฃ Honorable Mentions: Additional FI icons shaping the community
4๏ธโฃ Tipping Culture Gone Wild: The growing pressure, frustration, and guilt associated with tipping
๐ Davidโs Mount Rushmore of Financial Independence:
๐ Pete Adeney โ Mr. Money Mustache
๐๏ธ Brad Barrett & Jonathan Mendonsa โ ChooseFI
๐๏ธ Stephen Baughier โ CampFI
๐ JL Collins โ The Simple Path to Wealth
๐ Carlaโs Mount Rushmore of Financial Independence:
๐ Vicki Robin โ Your Money or Your Life
๐ Paula Pant โ Afford Anything
๐๏ธ Stephen Baughier โ CampFI
๐ Carl & Mindy Jensen โ 1500 Days
๐ Honorable Mentions:
๐๏ธ Diania Merriam โ EconoMe Conference
๐ Jacob Lund Fisker โ Early Retirement Extreme
๐ฒ Frugalwoods โ Frugalwoods Blog
๐๏ธ Brandon Ganch โ Mad Fientist
๐ Davidโs Links:
๐ฐ Free Money Course
๐๏ธ The Mount Rushmore of Financial Independence: Icons, Community, and Inspiration
๐ฌ Tipping Culture in America: Has It Gotten Out of Control?
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
#tipping #financialindependence #money
๐ง Listen & Subscribe: Donโt miss out on more episodes about intentional living and financial independence! Hit subscribe and the bell icon ๐ to stay updated.
๐ Disclaimer:
This episode is for entertainment and informational purposes only and does not constitute financial advice. Please consult with a professional for guidance specific to your financial situation.
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๐ช Rising prices are changing how we spend. In this episode we talk about whatโs now simply โtoo expensiveโ to buy, from energy drinks to dining out. We share what we and others are cutting back on and explore new, budget-friendly choices for 2024.
In this episode, we discuss:
1๏ธโฃ Energy Drinks and Coffee: Swapping pricey energy drinks and cafe coffee for cheaper, at-home caffeine options.
2๏ธโฃ Grocery Staples: Rising costs on essentials like cereal make basic breakfasts feel like splurges.
3๏ธโฃ Dining Out and Alcohol: High restaurant and bar prices lead to more meals and cocktails made at home.
4๏ธโฃ Fresh Produce and Meat: Opting for frozen fruits and buying meat in bulk to stretch the grocery budget.
5๏ธโฃ Amazon Prime and Streaming: Reconsidering subscriptions and rotating services to manage monthly expenses.
๐ Carla's Links:
๐ Start Thinking Rich: 21 Harsh Truths to Take You from Broke to Financial Freedom
๐ฐ Referenced Buzzfeed Article
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
#inflation #frugalliving #budgetingtips
๐ง Listen & Subscribe: Donโt miss more episodes on creating a life of intentionality and financial freedom! Hit subscribe and the bell icon ๐ to stay updated.
๐ Disclaimer: This episode is for entertainment and informational purposes and does not constitute financial advice. Please consult with a professional for specific needs.
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Carla walks us through how the Dual Income, No Kids (DINK) lifestyle enables a life rich in experiences and fulfillment. ๐๏ธ
๐จ This conversation reveals how choosing not to have kids can open doors to financial freedom, personal hobbies, and deep travel experiences, with insights on managing societal expectations and building a life around what truly brings joy.
In This Episode, We Discuss:
1๏ธโฃ Defining the DINK Lifestyle: Carla explains what it means to be a DINK and why she and her husband chose this path.
2๏ธโฃ Financial Advantages of Being DINK: How saving $310,000 by not raising kids enables investments in travel, hobbies, and a secure future.
3๏ธโฃ Freedom to Travel & Pursue Hobbies: Carlaโs adventures on the Pacific Crest Trail, travel in Europe, and finding joy in personal hobbies.
4๏ธโฃ Social and Familial Pressures: Navigating societal expectations to have children and creating a fulfilling life outside traditional parenthood.
5๏ธโฃ Future Planning Without Kids: Carlaโs strategies for financial security and elder care planning as a DINK.
๐ Carla's Links:
๐ค Tig Notaro Stand-Up
๐บ TV is Fun, But Dangerous!
๐ David's Links:
๐ฐ Free Money Course
๐ก Dual Income No Kids (DINK): The Financial and Lifestyle Benefits of a Child-Free Life
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Carla's Quotes:
๐ โPeople assume life without kids is lonely, but itโs full of rich experiences and meaningful connections.โ โ Carla Cash
#financialfreedom #childfree #travelmore
๐ง Listen & Subscribe: Donโt miss more episodes on creating a life of intentionality and financial freedom! Hit subscribe and the bell icon ๐ to stay updated.
๐ Disclaimer: This episode is for entertainment and informational purposes and does not constitute financial advice. Please consult with a professional for specific needs.
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๐งณ Katrina McGhee explains Career Breaks, Gap Years, and Sabbaticalsโempowering you to take a meaningful step back from work and live life on your terms.
From creating a solid financial plan to exploring your personal goals, Katrina walks us through what it takes to make the most of time away and come back stronger. ๐
In this episode, we discuss:
1๏ธโฃ Defining Career Breaks, Gap Years, and Sabbaticals: Katrina clarifies each term and shares who they're best for.
2๏ธโฃ Financial Planning: Steps to save and budget for a fulfilling time off.
3๏ธโฃ Addressing Common Fears: How to counter doubts about career impact, financial stability, and social pressures.
4๏ธโฃ Communicating Your Plan: Tips for discussing your decision with family, friends, and even your employer.
5๏ธโฃ Making the Most of Your Break: Setting goals and themes to guide your experience and personal growth.
6๏ธโฃ Returning to Work: How to re-enter the workforce confidently and communicate the value of your time off.
๐ Katrina's Links:
๐ Taking a Career Break for Dummies
๐ Katrina McGheeโs Coaching
๐ง Profellow: Graduate Study and Professional Development
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Katrina McGhee Quotes:
๐ก "A career break isn't just time off; it's an intentional journey toward clarity and fulfillment." โ Katrina McGhee
๐ "Youโre not escaping lifeโyouโre recharging so you can show up better in everything you do." โ Katrina McGhee
#financialindependence #financialplanning #gapyear #careerbreak #personalgrowth #toxicworkplace #takeabreak #lifeonyourterms
๐ง Listen & Subscribe: Hit subscribe for more episodes that help you take control of your life and career. Tap the bell icon ๐ to stay updated!
๐ Disclaimer: This episode is for entertainment and informational purposes and does not constitute financial advice. Please consult with a professional for specific needs.
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๐ช Joe Saul-Sehy (Stacking Benjamins) and Paula Pant (Afford Anything) reveal how they built their money podcasts into profitable passion projects, sharing the secrets behind their long-term success in podcasting.
๐จ This conversation explores the journey of building profitable podcasts, the logistics of guest management, and how hosts decide which trends to follow and which to avoid.
In this episode, we discuss:
1๏ธโฃ How to Start a Money Podcast: Joe and Paula share how they began, and their strategies for building loyal audiences.
2๏ธโฃ Monetizing Your Podcast: They reveal how money podcasts make money and how to create sustainable revenue streams.
3๏ธโฃ Guest Selection and Vetting: How to choose engaging guests and avoid common mistakes.
4๏ธโฃ Balancing Podcasting and Entrepreneurship: Insights on managing a podcast while pursuing other business ventures.
5๏ธโฃ Podcast Growth Strategies: From viral episodes to organic growth, learn how to scale your podcast.
6๏ธโฃ Challenges in Podcasting: Behind-the-scenes struggles, including interviews that never aired and topics they regret covering.
๐ Joe Saul-Sehy's Links:
๐ง Stacking Benjamins Podcast
๐ Joeโs Stacking AdventuresTravel Podcast
๐ Joe Saul-Sehy's book: Stacked: Your Super-Serious Guide to Modern Money Management
๐ Paula Pant's Links:
๐ Afford Anything Course: Your First Rental Property
๐ง Afford Anything Newsletter
๐ Escape E-Book
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Joe Saul-Sehy & Paula Pant Quotes:
๐ก "Podcasting is all about relationshipsโyou grow one download at a time by staying authentic." โ Joe Saul-Sehy
๐ "It's not just about making money from a podcast; it's about creating meaningful content that resonates." โ Paula Pant
#podcast #podcasting #howtostartapodcast #podcastgrowth #podcastguests #podcastinglife #podcastingjourney #financialindependence
๐ง Listen & Subscribe: Hit subscribe for more strategies on building wealth and achieving financial independence. Tap the bell icon ๐ to stay updated!
Disclaimer: This episode is for entertainment and educational purposes only. Always consult a professional for personalized financial or business advice.
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๐ช Karsten Jeske and Brad Finn reveal the essentials of Options Trading and how it can be a game-changer in your journey to Financial Independence.
They break down the basics, demystify the risks, and share powerful strategies like covered calls and cash-secured puts to help you make informed decisions. ๐
๐จ This conversation explores why Options Trading can be both profitable and riskyโwith practical insights on how it can supplement your investment portfolio and enhance retirement income.
In this episode, we discuss:
1๏ธโฃ What is Options Trading? Karsten and Brad explain the fundamentals and how options differ from other investments.
2๏ธโฃ Call vs. Put Options: Understanding the types of options and when to use each.
3๏ธโฃ Covered Calls and Cash-Secured Puts: How these strategies can generate income and protect your portfolio.
4๏ธโฃ Risks and Rewards of Options Trading: Myths about options trading and how to manage potential downsides.
5๏ธโฃ Options and Financial Independence: How options trading can play a role in achieving long-term financial goals.
6๏ธโฃ Getting Started with Options Trading: Practical steps to begin trading, whether for income or retirement.
๐ Karsten Jeske's Links:
๐ผ Karsten Jeske's Options Page
๐ Brad Finn's Links:
๐ Brad Finn YouTube Channel
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Karsten Jeske & Brad Finn Quotes:
๐ก "Options trading isnโt one-size-fits-allโitโs about finding the right strategy for your risk profile." โ Karsten Jeske
๐ "Covered calls are like collecting rent on your stocksโsteady income with lower risk." โ Brad Finn
#optionstrading #financialindependence #coveredcalls #cashsecuredputs #optionsstrategies #retirementincome
๐ง Listen & Subscribe: Hit subscribe for more strategies on building wealth and achieving financial independence. Tap the bell icon ๐ to stay updated!
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute financial or legal advice. Always consult with a professional regarding your specific financial situation.
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๐ช David Pere shares his journey from military service to financial freedom, revealing key Real Estate Investing Strategies that have helped him build wealth.
He discusses house hacking, VA loans, and creative deals that pave the way toward financial independence. ๐๏ธ
๐จ The conversation explores how David grew his portfolio through real estate using unconventional financing. From remote property management to multifamily investing, David offers insights for those eager to start their real estate journey.
In this episode, we discuss:
1๏ธโฃ House Hacking for Military Members: How to live nearly rent-free while building equity.
2๏ธโฃ Creative Financing in Real Estate: Techniques that minimize upfront costs and maximize returns.
3๏ธโฃ VA Loan Real Estate Investing: How to leverage military benefits to build a property portfolio.
4๏ธโฃ Remote Real Estate Investing: Managing properties from afar and keeping operations smooth.
5๏ธโฃ David Pere Real Estate Journey: How he turned a military career into a real estate empire.
๐ David Pereโs Links:
๐ฐ From Military to Millionaire
๐ Free Book: The No B.S. Guide to Military Life
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ David Pere Quotes:
๐ก "House hacking isnโt just a starter strategy; itโs a game-changer for building long-term wealth." โ David Pere
๐ "Creative financing lets you control property without massive cash outlay. Itโs a strategy anyone can use." โ David Pere
๐ก๏ธ "The VA loan is an incredible benefit, and itโs one of the most powerful tools veterans have for building wealth." โ David Pere
๐ง "Building a community around real estate investing has been crucial to my success and growth." โ David Pere
#realestateinvesting #househacking #valoans #creativefinancing #buildingwealththroughrealestate #DavidPere
๐ง Listen & Subscribe: Donโt forget to subscribe for more real estate strategies and financial insights! Hit the bell icon ๐ to stay updated.
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute legal, tax, or financial advice. Consult a professional for your specific financial situation.
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๐ Dan Huffman explores the ins and outs of factor investing, a strategy that focuses on specific drivers like value, size, and momentum to potentially boost long-term returns.
He offers expert insights into how factor investing compares to traditional strategies like VTSAX and chill.๐๏ธ
๐ The conversation covers everything from small-cap value investing to the role of momentum in portfolios and whether factor-based strategies can truly beat the market. Dan emphasizes the importance of understanding your risk tolerance and knowing when to rebalance a portfolio.
In this episode, we discuss:
1๏ธโฃ What is Factor Investing: How it compares to passive index investing and why it might be worth considering.
2๏ธโฃ Value vs. Growth Investing: Breaking down the key differences and potential advantages.
3๏ธโฃ Small-Cap Value Investing: Why this specific factor gets so much attention and how it may affect portfolio performance.
4๏ธโฃ Momentum Factor Investing: A look at how recent winners continue to perform.
5๏ธโฃ Rebalancing Factor Portfolios: How often should you be reviewing and adjusting?
๐ Dan Huffmanโs Links:
๐ก Cornerstone Financial Planning: https://cornerstonefiplanning.com/
๐ Size Matters if You Can Control Your Junk: https://www.sciencedirect.com/science/article/pii/S0304405X18301326?via%3Dihub
๐ Kenneth French Data Library: http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html
๐ Portfolio Visualizer Backtesting Tool: https://www.portfoliovisualizer.com/
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Dan Huffman Quotes:
๐ก "Factor investing isnโt for everyone, but for those who want to go beyond traditional index funds, it offers a way to optimize long-term returns." โ Dan Huffman
๐ "The academic research is clearโfactors like value and size have outperformed the broad market over time." โ Dan Huffman
#financialindependence #valueinvesting #indexfunds #investingstrategies #FactorInvesting
๐ง Listen & Subscribe: Donโt forget to subscribe for more information on investment strategies, financial independence, and more! Hit the bell icon ๐ to stay updated.
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute legal, tax, or financial advice. Consult a professional for your specific financial situation.
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๐งฌ Emma von Weise breaks down the basics of Social Security and how it fits into a comprehensive retirement plan, debunking common myths and sharing strategic tips for claiming benefits. ๐
Emma emphasizes how Social Security benefits should not be overlooked as a vital part of your financial strategy, covering everything from spousal and survivor benefits to the impact of early retirement.
In this episode, we discuss:
1๏ธโฃ When to Start Claiming Social Security: Discover the pros and cons of early vs. delayed benefits.
2๏ธโฃ Future Changes to Social Security: Learn what changes are on the horizon for COLA and the full retirement age.
3๏ธโฃ Social Security as Core Income: Should Social Security be viewed as a primary income source or just a safety net?
4๏ธโฃ Spousal and Survivor Benefits: Explore strategies for couples to maximize Social Security payouts.
5๏ธโฃ Social Security and Early Retirement: Understand the impact of early retirement on your long-term benefits.
๐ Emma von Weise's Links:
๐ Social Security Administration
๐ Mike Piper's Social Security Strategy Benefit Calculator
๐ธ Lauren's cFIREsim calculator
๐งฎ New Retirement (now Boldin) calculator
๐ David's Links:
๐ฐ Free Money Course
๐ Blog Post on Social Security
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Emma von Weise Quotes:
๐ก "Social Security isnโt just an afterthoughtโitโs an essential part of your financial plan." โ Emma von Weise
๐ "Understanding when to claim your benefits is key to securing your financial future." โ Emma von Weise
#socialsecurity #retirementplanning #financialindependence #emmavonweise
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more expert advice on securing your financial future. Hit the bell icon ๐ to stay updated on the latest episodes!
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute legal, tax, or financial advice. Consult a professional for your specific financial situation.
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๐ค Philip "PT Money" Taylor (FINCON), Stephen Baughier (CampFI), and Amberly Grant (FinTalks) share the evolution and impact of their live events on the FI community.๐๏ธ
Philip, Stephen, and Amberly discuss how their eventsโranging from conferences to camp retreats and even cruisesโoffer unique experiences for people seeking financial freedom.
In this episode, we discuss:
1๏ธโฃ The Origins of FINCON, CampFI, & FINTALKS: How these events began and what motivated their founders.
2๏ธโฃ What to Expect When Attending: A breakdown of the experience, community, and content at each event.
3๏ธโฃ Pricing & Accessibility: Learn about the pricing structure and whatโs covered for FINCON, CampFI, and FINTALKS.
4๏ธโฃ Building Real FI Communities: How Stephen is taking FI to the next level with his unique in-person neighborhood.
5๏ธโฃ Challenges & Future Plans: The founders reflect on the obstacles theyโve faced and their vision for the future.
๐ Philip "PT Money" Taylor's Links:
๐ FINCON
๐ Stephen Baughier's Links:
๐๏ธ CampFI
๐ฆ Eagle CoHousing
๐ Amberly Grant's Links:
๐ข FinTalks Cruise
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcasts
๐ง Forget About Money on Spotify
๐ Fi Community Builder Quotes:
๐ก "FINCON is all about creating a space for financial content creators to connect, share, and grow." โ Philip "PT Money" Taylor
๐ฅ "CampFI brings the FI community together in a personal and relaxed environment, fostering deep connections." โ Stephen Baughier
๐ข "FinTalks started with Facebook Lives but has evolved into a cruise where people create lifelong friendships." โ Amberly Grant
#financialindependence #financialfreedom #moneymotivation #FINCON #CampFI #FinTalks #PhilipTaylor #StephenBaughier #AmberlyGrant
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more ways to enrich your personal finance and life journey. Hit the bell icon ๐ to stay updated on the latest episodes!
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute legal, tax, or financial advice. Consult a professional for your specific financial situation.
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๐ก Paul Merriman shares his 12 One-Million Dollar Ideas for achieving financial success, offering practical strategies to help you transform your investment approach. ๐
Paul Merriman highlights the importance of starting early, using low-cost index funds, and diversifying your portfolio, especially by including small-cap value stocks. He breaks down how simple financial decisions made today can lead to significant long-term growth. Paulโs advice will help you steer your financial future in the right direction.
In this episode, we discuss:
1๏ธโฃ Save Early vs. Waiting to Get Started: Discover why saving early, even small amounts, creates massive financial growth through compound interest.
2๏ธโฃ Stocks vs. Bonds: Learn how to balance risk and reward with the right mix of stocks and bonds as part of your asset allocation strategy.
3๏ธโฃ DIY vs. Professional Management: Explore why index funds often outperform actively managed funds, making them a smarter, low-cost choice.
4๏ธโฃ The Power of Diversification: Understand why spreading your investments across small-cap value, large-cap value, and blend stocks strengthens your portfolio.
5๏ธโฃ Market Timing vs. Buy and Hold: Find out why sticking with a buy-and-hold strategy beats trying to time the market.
๐ Paul Merriman's Links:
๐ Merriman Financial Education Foundation
๐ Weโre Talking Millions! 12 Simple Ways to Supercharge Your Retirement (And other Free Book Downloads)
๐ Quilt Charts (Referenced in the Episode):
๐บ YouTube Video Explaining the Two Charts
Graph 1: 4 US Asset Class Indexes & 4 Fund Combo Relative Return Ranking (1928-2023)
Graph 2: Asset Classes & 4 Fund Combo (1928-2023) - Return Rank Frequency
๐ David's Links:
๐ฅ Paul Merriman and JL Collins Debate Wealth Strategies
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcasts
๐ง Forget About Money on Spotify
๐ Paul Merriman Quotes:
๐ก "The system is designed to make you spend, not save. You have to arm-wrestle it to build wealth." โ Paul Merriman
๐ก๏ธ "Diversification is your greatest defense. Don't put all your eggs in one basket." โ Paul Merriman
๐ง "Most people will never beat the market. If you can match the market, youโll likely be in the top 10% of all investors." โ Paul Merriman
#financialfreedom #retirementplanning #IndexFunds
๐ง Listen & Subscribe: Don't forget to subscribe to "Forget About Money" for more valuable episodes featuring experts like Paul Merriman. Hit the bell icon ๐ to stay updated with new insights on building wealth and financial independence!
Disclaimer: The discussion in this episode is for general educational and entertainment purposes only and should not be considered tax, legal, or investment advice specific to any individual.
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๐ค Wellthy Living is all about balancing personal finance, fitness, and fulfillment to create a life of true wealth and happiness. ๐๏ธโโ๏ธ
Brad Finn shares his journey from paying off $190,000 in debt to achieving financial independence, while maintaining a focus on physical fitness and mental well-being.
In this episode, we discuss:
1๏ธโฃ Brad Finnโs Financial Independence Journey: Learn how Brad leveraged Dave Ramseyโs principles to eliminate debt and build a strong financial foundation.
2๏ธโฃ Fitness and Finance: Discover how Bradโs commitment to physical fitness complements his financial goals, creating a balanced and fulfilling life.
3๏ธโฃ Entrepreneurship and Side Hustles: Explore how Brad turned his hobbies into profitable ventures, including his success on YouTube and in options trading.
4๏ธโฃ Mindset for Success: Understand the importance of optimism and a growth mindset in overcoming challenges and achieving both financial and personal goals.
5๏ธโฃ Real Estate and Hard Money Lending: Get insights into Bradโs approach to real estate investing and why he chose hard money lending as part of his strategy.
๐ Brad's Links:
๐ Brad Finn's YouTube Channel
๐ Brad's Book The Wheel Strategy: Earn Passive Income Selling Calls and Put: Full Guide & Journal
๐ Brad's Physics & Math Channel
๐โโ๏ธ Brad's Ultrarunning Channel
๐ง Brad Finn's 50k Ready Podcast
๐ฅ๏ธ 50k Ready Website
๐ David's Links:
๐ฐ Free Money Course
๐ง Forget About Money on Apple Podcasts
๐ง Forget About Money on Spotify
๐ Brad Finn Quotes:
๐ก "Paying off debt wasnโt just about moneyโit was about freeing my mind and creating the life I truly wanted." โ Brad Finn
๐ช "Fitness and finance go hand in hand. When youโre disciplined in one area, it spills over into others." โ Brad Finn
๐ "Turning my hobbies into income streams wasnโt just about making money; it was about living a life that Iโm passionate about." โ Brad Finn
๐ Episode Highlights:
๐ธ Brad Finnโs Financial Independence Story
๐ช How Fitness Fuels Financial Success
๐ Turning Hobbies into Income Streams
๐ง Mindset for a Balanced and Happy Life
๐ก Real Estate Strategies Beyond Ownership
#financialindependence #personalfinance #fitnessjourney #entrepreneurship #mindsetmatters #debtfreeliving
๐ง Listen & Subscribe: Don't forget to subscribe to "Forget About Money" for more inspiring episodes with guests like Brad Finn. Hit the bell icon ๐ to stay updated on new episodes!
Disclaimer: The content in this episode is for educational and entertainment purposes only and does not constitute financial, legal, or investment advice.
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๐ช The Fun Bucket is a transformative strategy to help retirees shift from a saving to a spending mindset, enabling guilt-free enjoyment of retirement.
๐ In this episode, Kevin Sebesta, creator of the Life in FIRE blog, and Mark Trautman, a seasoned voice in the FI community, share how the Fun Bucket can enhance your retirement by balancing financial security with intentional spending.
In this episode, we discuss:
1๏ธโฃ What is a Fun Bucket?: Kevin and Mark explain the concept and its importance in retirement planning.
2๏ธโฃ Shifting from Frugality to Fun: Learn how the Fun Bucket helps retirees break free from the frugal mindset.
3๏ธโฃ Managing Your Fun Bucket: Practical tips on allocating, spending, and replenishing your Fun Bucket.
๐ Kevinโs Links:
๐ Life in FIRE Blog
๐ท The HOGs article
๐ Markโs Links:
๐ Mark's Money Mind Blog
โถ๏ธ Mark's Money Mind Podcast on YouTube
๐ David's Links:
๐ฐ Free Money Course
๐ง Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Kevin Sebesta Quote:
๐ก "The Fun Bucket lets you take some of the icing off the cake and use it for experiences that create memory dividends, which can be far more valuable than just having a little more money in the bank." โ Kevin Sebesta
๐ Mark Trautman Quote:
๐ "If you donโt spend it, your inheritors gladly will. That thought has influenced me to use the Fun Bucket and enjoy the wealth Iโve accumulated while I can." โ Mark Trautman
๐ Episode Highlights:
๐ก The importance of balancing savings and spending in retirement
๐ Practical tips for managing your Fun Bucket
๐ Shifting from frugality to a spending mindset
#retirementplanning #PersonalFinance #moneymindset
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more insights from financial experts like Kevin Sebesta and Mark Trautman. Hit the bell icon ๐ to stay updated on new episodes!
๐ Timestamps/Chapters:
0:00 - ๐๏ธ What is a Fun Bucket?
5:12 - ๐ก Overcoming the Frugality Mindset
10:13 - ๐ ๏ธ How to Start Your Fun Bucket
15:24 - ๐ Managing the Fun Bucket
20:37 - ๐ Guilt-Free Spending in Retirement
25:18 - ๐ฏ Allocating Funds for Maximum Joy
30:29 - ๐ Memory Dividends Explained
34:29 - ๐ Adjusting Your Fun Bucket Over Time
38:47 - ๐งพ Fun Bucket vs. Traditional Budgeting
43:12 - ๐ฅณ The Impact of a Fun Bucket on Your Quality of Life
Disclaimer: This discussion is for educational and entertainment purposes and does not constitute financial, legal, or investment advice.
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๐ Risk Parity is an investment strategy that could reshape how you manage risk and increase your portfolioโs resilience. ๐ฏ
In this episode, we discuss:
1๏ธโฃ What is Risk Parity?: Discover how Risk Parity differs from traditional diversification and why itโs essential for a resilient portfolio.
2๏ธโฃ Building a Risk Parity Portfolio: Learn how to implement this strategy with tools like ETFs and mutual funds, and explore the impact on your Safe Withdrawal Rate.
3๏ธโฃ Retirement Planning with Risk Parity: Understand how Risk Parity can support your financial independence journey and enhance your retirement planning with a higher Safe Withdrawal Rate.
๐ Frank's Links:
๐ Risk Parity Radio
๐ Tyler's Risk Parity Portfolio Charts
๐ฏ Golden Butterfly Portfolio
๐ Risk Parity Portfolios
๐ Portfolio Visualizer
๐ Donate to Frank's Charity
๐ David's Links:
๐ฐ Free Money Course
๐ง Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Frank Vasquez Quotes:
๐ก "Risk Parity is about balancing the risk, not just spreading capitalโit's a smarter way to build a resilient portfolio." โ Frank Vasquez
๐ "By embracing Risk Parity, you could potentially increase your Safe Withdrawal Rate to 5%, offering more financial freedom in retirement." โ Frank Vasquez
๐ Episode Highlights:
๐ก Risk Parity vs. Traditional Diversification
๐ Increasing Safe Withdrawal Rate to 5%
๐ Implementing Risk Parity with ETFs
๐ฏ Effective Portfolio Management Strategies
๐ Optimizing Retirement Planning
#financialindependence #retirementplanning #investmentstrategies
๐ง Listen & Subscribe: Don't forget to subscribe to "Forget About Money" for more insightful episodes featuring experts like Frank Vasquez. Hit the bell icon ๐ to get notified of new episodes!
Disclaimer: The discussion is intended for general educational and entertainment purposes and is not tax, legal, or investment advice for any individual.
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๐ฑInvestment Strategies for Different Life Stages are essential for tailoring your approach to wealth management as you age. ๐ณ
In this episode, we discuss:
1๏ธโฃ How Your Investment Strategy Should Change as You Age: Learn how to adapt your investment approach throughout different stages of life, emphasizing the shift from growth-focused strategies in youth to preservation as you near retirement.
2๏ธโฃ Key Considerations for Managing Risk and Return in Retirement: Explore the essential strategies for balancing risk and return during retirement, including the use of safe assets like TIPS and annuities to secure your financial future.
3๏ธโฃ The Impact of Societal Factors on Financial Decisions: Understand how societal factors such as inequality, trust, and behavioral biases influence investment outcomes and decision-making across various life stages.
๐ Bill's Links:
๐ Williamโs Website
๐ The Four Pillars of Investing
๐ The Delusions of Crowds
๐ Social Security Calculator
๐ Your Money & Your Brain
๐ The Secret of Our Success
๐ How Religion Evolved
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ William Bernstein Quotes:
๐ก "The purpose of money is not to buy things. The purpose of money is to buy you time and autonomy." โ William Bernstein
๐ "Sticking with your allocation, your strategy through thick and thin matters infinitely more than what your precise strategy is." โ William Bernstein
๐ Episode Highlights:
๐ก Life Cycle Investing: Tailoring Your Strategy
๐ Managing Human Capital in Investing
โฐ Behavioral Finance Insights for Better Decisions
๐ Effective Retirement Planning Tips
๐ฏ Achieving Financial Independence
#financialfreedom #InvestmentStrategies #retirementplanning
๐ง Listen & Subscribe: Don't forget to subscribe to "Forget About Money" for more insightful episodes featuring experts like William Bernstein. Hit the bell icon ๐ to get notified of new episodes!
Disclaimer: The discussion is intended for general educational and entertainment purposes and is not tax, legal, or investment advice for any individual.
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๐งข Stan Haithcock, also known as Stan the Annuity Man, defines an annuity and answers some common questions people have about annuities.
He identifies factors that may persuade a person to shift a portion of their net worth into annuities. And he shares his reasons why so many people blindly hate them! ๐ก
In this episode, Stan Haithcock discusses:
1๏ธโฃ What is an Annuity and How Does it Work? Discover the basics of annuities, including different types, their benefits, and how they can secure your retirement.
2๏ธโฃ Stan's Philosophies on Retirement Planning: Learn why Stan emphasizes the importance of annuities in a balanced retirement strategy and the factors that might persuade you to consider them.
3๏ธโฃ Addressing Annuity Misconceptions: Understand why many people blindly shun annuities and what we can do to educate others on their true benefits.
๐ Stanโs Links:
๐ Annuity Calculators and Rates
๐ Stanโs YouTube
๐ก Stan's Website
๐ฅ Health Insurance Guaranty Associations
๐ฅ You Already Won, Why are you Still Playing?
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Key Topics Discussed:
๐ Introduction to Annuities: What is an Annuity?
๐ Different Types of Annuities Explained
๐ Stan's Tagline: "Will do, Not Might do!"
๐ Factors to Consider Before Buying An Annuity
๐ Strategies for Incorporating Annuities into Retirement Planning
๐ Contractual Guarantees and Transfer of Risk
๐ Comparing Annuities with the 4% Rule for Withdrawals
๐ Annuity Taxation Insights
๐ Misconceptions About Annuities and Overcoming Biases
๐ Simple, Low-Fee Annuities for Financial Independence
๐ Timestamps/Chapters:
0:00 - ๐๏ธ Introduction to Annuities: What is an Annuity?
5:44 - ๐ Different Types of Annuities
11:52 - ๐ Stan's Tagline and Philosophies
14:53 - ๐ฐ Factors to Consider for Annuities
18:54 - ๐ Annuity Strategies in Retirement Planning
22:05 - โ ๏ธ Contractual Guarantees and Risks
26:00 - ๐ Comparing Annuities with the 4% Rule
29:00 - โ Taxation and Legal Considerations
29:56 - ๐ฏ Overcoming Annuity Misconceptions
32:24 - ๐ Simple, Low-Fee Annuities for FI
36:56 - ๐ Final Thoughts and Recommendations
41:35 - ๐ต Closing Remarks
#Annuity #retirement #financialindependence
๐ง Listen & Subscribe:
Don't forget to subscribe to "Forget About Money" for more insightful episodes featuring experts like Stan Haithcock. Hit the bell icon ๐ to get notified of new episodes!
Disclaimer: The discussion is intended for general educational and entertainment purposes and is not tax, legal, or investment advice for any individual.
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๐ฒCody Berman shares his expert insights on passive income ideas that generate a whopping $75,966 per month! ๐
In this episode, Cody Berman discusses:
1๏ธโฃ Top Passive Income Ideas: Discover how Cody uses digital products, real estate, investment returns, and affiliate marketing to build substantial monthly income.
2๏ธโฃ Practical Advice for Beginners: Learn realistic expectations, strategies for balancing a full-time job, and how to achieve financial independence through passive income.
3๏ธโฃ Cody's Personal Journey and Future Plans: Hear about Cody's path from young entrepreneur to financial independence, including his future goals and the role of his agency, Auros Agency.
๐ Codyโs Links:
๐ Cody's Free Workshop
๐ง Codyโs Podcast
๐ The 4-Hour Work Week Book
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify๐ Episode Highlights:
๐ก Cody's Top Passive Income Strategies
๐ Practical Steps for Beginners
โฐ Balancing Side Hustles with a Full-Time Job
๐ Codyโs Personal Journey and Financial Independence
#PassiveIncomeIdeas #CodyBerman #FinancialIndependence
๐ง Listen & Subscribe:
Don't forget to subscribe to "Forget About Money" for more insightful episodes featuring experts like Cody Berman. Hit the bell icon ๐ to get notified of new episodes!
Disclaimer: The discussion is intended for general educational and entertainment purposes and is not tax, legal, or investment advice for any individual.
๐ Timestamps/Chapters:
0:00 - ๐๏ธ Introduction to Passive Income Strategies
5:44 - ๐ Cody's Journey into Passive Income
11:52 - ๐ Success and Personal Growth
14:53 - ๐ฐ Breakdown of Passive Income Streams
18:54 - ๐ Impact of Passive Income on Others
22:05 - โ ๏ธ Challenges and Realistic Expectations
26:00 - ๐ Balancing Side Hustles with a Full-Time Job
29:00 - โ Pros and Cons of Passive Income
29:56 - ๐ฏ Role in Portfolio and Life Goals
32:24 - ๐ Rewarding Feelings and Overcoming Guilt
36:56 - ๐ Cody's Course and Digital Products
41:35 - ๐ต Closing Remarks and Musical Collaborations
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๐ค Sean Mullaney discusses Tax Planning Strategies. Sean, a CPA and financial planner, also known as The FI Tax Guy explains fundamental tax planning strategies, some advanced tax strategies and concepts, and how the financial independence community may be getting it wrong when it comes to taxes. โ
๐ Key Topics Discussed:
๐ Introduction to Financial Independence Tax Planning
๐ Top Five Tax Planning Strategies
๐ Reducing Taxes Through Daily Habits
๐ Tax Strategies for High-Income Earners
๐ Solo 401k and Small Business Owners
๐ Seanโs Links:
๐ The FI Tax Guy Blog
๐ Seanโs Book on Solo 401k
๐ฅ Sean's YouTube Video: Pay NO Federal Income Taxes in Retirement!!!
๐ธ Seanโs Twitter
๐ Annuities Paper on SSRN
๐ IRS Trade or Business Defined
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Timestamps/Chapters:
0:00 - ๐๏ธ Introduction to Financial Independence Tax Planning
5:21 - ๐ Top Five Tax Planning Strategies
14:07 - ๐ฆ Reducing Taxes Through Daily Habits
24:41 - ๐ผ Tax Strategies for High-Income Earners
29:30 - ๐ข Solo 401k and Small Business Owners
34:12 - ๐ Exploring the Buy, Borrow, Die Strategy 36:45 - ๐ก Inheritance and Real Estate Strategy
46:45 - ๐ Accumulation vs. Decumulation Strategies
55:29 - ๐ฅ Taking Control of Your Health and Healthcare
1:01:13 - ๐ Annuities - Risks and Considerations
1:07:54 - ๐ Tax Cuts and Jobs Act - Extension Predictions
1:10:54 - ๐ Emerging Tax Trends and Exploration Opportunities
1:13:18 - ๐ง Critical Thinking in Financial Decision-Making
1:16:50 - ๐ก Misconceptions About Roth IRAs and Traditional Accounts
1:20:22 - ๐ Proactive Healthcare Approaches for FI Community
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more insightful episodes featuring experts who guide you on achieving financial independence and optimizing your tax strategies. Hit the bell icon ๐ to get notified of new episodes!
#๏ธโฃ Hashtags: #TaxPlanningStrategies #SeanMullaney #TheFITaxGuy #FederalIncomeTaxChanges #TaxBrackets #StandardDeduction #HighIncomeEarners #TaxOptimization #EarlyRetirementTaxPlanning #Solo401k #FinancialIndependence #BuyBorrowDieStrategy #TraditionalRetirementAccounts #TaxMisconceptions #RetirementInvestmentAdvice #TaxDeductions #TaxExemptions #TaxCredits #TaxTailWagTheInvestmentDog
The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. David and the Forget About Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.
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