All about debt! Learn the differences between different kinds of debt vs slippery slope debt. And then what to do if you’re in over your head! This episode is loaded with goodies.Read More
Kids! What’s the matter with kids these days, bom bom bom. Just kidding - listen to learn about financial planning when it comes to having children.Read More
1. How to cut out mindless spending - if you don't like the results of your mindless spending
2. How to solve a financial crisis and learn to communicate better with your spouse
3. How to think about retirement savings
4. How to set goals that will actually help you get somewhereRead More
We can have anything we want but not everything we want, no matter how much money we have.
We tend to spend our money how we spend our time
Forming good habits early is best because otherwise you will always find something to spend your money on, even if it doesn't enhance your life
Don't count your chickens before they hatch? Yup - we cover the story about the milkmaid and her pail.
Count some chickens - it's ok! Just don't spend them, or have your head so far in the clouds that you can't make it happen.
This episode covers why dreaming a little is actually good for you!Read More
Q1: Why don't we teach kids personal finance in school?
Q2: How to manage cash flows when both members of the household are small business owners
Q3: How to know when it's the right time to save for retirement as a business owner
Q4: What is an appropriate amount to spend on a wedding?
Q1: How to manage spending, when the spending helps de-stress during hard times at work
Q2: How to plan around extremely irregular income
Q3: Making a bitcoin investment
Q4: How to manage paying down a mortgage versus saving for retirement
What does managing your cash flows actually mean? You have to do ALL of the following:
Have any kind cash reserve to start, Calculate what your monthly average expenses are, Create a budget & honor your budget, Run a lean operation, Understand when you get paid, Know exactly what your operating expenses are, Make sure your cash reserve exceeds your operating expenses, Be mindful of your personality, Track your successes and failures, Manage similarly on the personal sideRead More