One of the best ways to save money is to not spend it in the first place. Have you ever thought about minimalism? The idea is to live with fewer things in order to have more money for what really matters. Can minimalism help you save money? Our guest Cait Flanders thinks so. She talks about her year-long shopping ban, frugality, and her own experiments in minimalism. The rest of our panelists don’t think you have to stop buying altogether to save money. Applying minimalist principles can help yo...
Nov 18, 2015•57 min•Ep. 58
Moving is expensive, whether you are going across town or across the country. Here’s what you need to know how to save money on your next move, from getting the right transportation to making sure all of your belongings are properly packed. Our panelists have recent experience in moving, so buckle up for an informative show! https://moneymastermindshow.com/episode57-save-money-next-move/ Important issues discussed in this episode: Why is moving so expensive? Are there strategies you can employ t...
Nov 12, 2015•51 min•Ep. 57
Are you looking for a little comic relief when it comes to money? In this fun episode featuring the always-entertaining Joe Saul-Sehy, we talk about our funny money stories. Some of the highlights include: A couple whose weekly budget included $100 for marijuana The hope of winning $25,000, only to be disappointed A teenager who managed to (accidentally) mount a car on a brick mailbox Two college kids who got stranded in the desert and a $435 tow bill The time a few thousand Canadians drank all ...
Oct 21, 2015•54 min•Ep. 56
According to TheKnot.com, the average wedding costs more than $30,000. Even more conservative estimates put the average cost of a wedding at more than $20,000. But do you really have to spend that much? Sandy Smith from Yes, I Am Cheap spent less than $5,000 on her wedding in New York City. She, and the members of our panel, have tips on how to save money on your wedding. You don’t need to go into debt to have a great wedding. https://moneymastermindshow.com/episode55-how-to-save-money-on-your-w...
Oct 14, 2015•59 min•Ep. 55
Everywhere you turn, it seems as though someone is trying to separate you from your hard-earned cash. If you want to keep your money safe, you need to avoid financial scams. Mark Tan from Thrivent Financial joins us to talk about common scams and how to spot — and avoid — them. We also talk about identity theft, how to protect your identity and what to do if your identity is compromised. https://moneymastermindshow.com/episode54-how-to-avoid-financial-scams/ Some important issues discussed in th...
Oct 06, 2015•52 min•Ep. 54
You're in your 20s and just figuring it out. One of the most important things you can do is get on the right track with your money. Martin Dasko from Studenomics joins us to talk about the best things you can do with your time and effort to start on the right financial foot. We also talk about the importance of making the right money moves without missing a party, and the older panelists look back on what they wish they had done in their 20s. https://moneymastermindshow.com/episode53-money-moves...
Sep 27, 2015•50 min•Ep. 53
For most people, a mortgage is something that sticks with you for decades. But there is a way to get beyond it: pay off your mortgage early. Kornel Szrejber from BuildWealthCanada.ca joins us to talk about how he paid off his mortgage in six years. Should you pay off your mortgage early? Or are there other ways to use your money? https://moneymastermindshow.com/episode52-should-you-pay-off-your-mortgage-early/ Some important questions discussed in this episode: Is it really possible to pay off y...
Sep 04, 2015•1 hr•Ep. 52
What if you could create an executive summary of your financial plan and put it where it could remind you of your values every single day? That’s what Carl Richard’s, the best-selling author of The Behavior Gap and The One Page Financial Plan, talks about in this week’s episode. If you’re ready to base your money decisions on your values, and simplify the financial planning process, this episode is for you. We share practical, actionable tips for drilling down to the essentials and building your...
Jun 19, 2015•41 min•Ep. 51
Our experiences shape our relationships with money. When you add another person to the mix, things can become stressful. There are times that, even when you feel you are with your perfect match, that you might not be on the same financial page with your partner. Managing money as a couple requires openness and communication. Elle Martinez from CoupleMoney.com joins us to talk about how to start financial discussions, as well as how to compromise when you and your partner think about money differ...
Jun 12, 2015•46 min•Ep. 50
We’re told that there are certain financial milestones we’re supposed to reach in order to be successful. Some of the main financial milestones considered “normal” include college, marriage, buying a home, having children and retirement. Do you have to reach all of those milestones, though? How do you decide which milestones should be part of your own life? In this episode, recorded on our one-year anniversary, a crew of past guests join us to talk about milestones, money and how to plan for the...
Jun 05, 2015•1 hr 3 min•Ep. 49
The three-legged retirement stool is broken. You can’t rely on Social Security and the pension system isn’t fool-proof. All that’s left is your own savings. We’re joined by Andrew Meadows from BrokenEggsFilm.com, a documentary about the looming retirement crisis in America. We talk about how we got to this point and what you can do to shore up your own retirement. We also wade into the murky waters of public policy and try to figure out what can be done to fix the retirement system. https://mone...
May 29, 2015•55 min•Ep. 48
Life is about change. We all experience major changes in our lives, whether we are getting married, losing a job, moving across the country or preparing for a new baby. These major life changes are often expensive, however. How can you prepare for a major life change? This week the crew discuss some of their own major life changes, and what they did to prepare for them. We talk about the practical steps you can take to shore up your finances and protect your assets, and what you can do if the ma...
May 23, 2015•58 min•Ep. 47
Outstanding student loan debt tops more than $1 TRILLION. And, as anyone who has graduated in the last couple of years knows, finding a job that earns you enough to repay your student loan debt is difficult. The good news is that you have options when you can’t pay your student loans. Jay Fleischman of The Student Loan Show joins us to talk about what you should do if you can’t make your student loan payments. Find out why you should avoid forbearance and deferment at all costs, and learn what y...
May 19, 2015•54 min•Ep. 46
Most of us have heard of the “Latte Factor,” a term introduced in David Bach’s book The Automatic Millionaire. But will cutting coffee (and other little expenses) from your life really turn you into a millionaire? Matt Giovanisci from Roasty Coffee and Stephanie Halligan from You Deserve More join us to talk about the realities of penny pinching. Along the way, we learn about coffee made from the poop of a mountain cat and talk about someone’s Penthouse subscription. Oh, and we also include stra...
May 15, 2015•57 min•Ep. 45
It seems like everyone wants to be an entrepreneur. But what separates the entrepreneur from the small business owner? Jason Vitug, the founder of Phroogal.com is learning what it takes to be a successful entrepreneur and he joins us to talk about it means to strike out on your own. We talk about what you can do to determine if you are cut out to be an entrepreneur, and what steps you need to take if you’re ready for the plunge. https://moneymastermindshow.com/episode44-what-does-it-take-to-be-a...
Apr 17, 2015•57 min•Ep. 44
In this episode, we’re joined by a cast of financial experts who chime in on what makes money jokers. You might be surprised at how costly fees can be. Without paying attention, you might get roped into a monthly payment plan that costs you more in the long run. Before you make a purchase, do your research. We’ll help you spot money jokers so that you can sidestep efforts to separate you from your hard-earned cash. https://moneymastermindshow.com/episode43-money-jokers-ruining-your-finances/ Pan...
Apr 02, 2015•58 min•Ep. 43
In this episode we discuss the concept of opportunity cost with special guest Kevin Stewart from stocksfortheweek.com. We look at opportunity cost, and how it could be killing your financial future. What is opportunity cost? How can you determine if something is worth the cost? Is it about more than just money? https://moneymastermindshow.com/episode42-why-you-need-to-know-your-opportunity-cost/ Some important questions discussed in this episode: What is opportunity cost, and how does it impact ...
Mar 27, 2015•44 min•Ep. 42
Ever wonder what makes a millionaire tick? Why does that person become one and another doesn’t? Ever wonder how you could be a millionaire? Tonight we delve into the traits that make you a millionaire, while referencing the works of Thomas J. Stanley, author of books like The Millionaire Next Door. https://moneymastermindshow.com/episode41-what-traits-make-a-millionaire/ Some important questions discussed in this episode: What makes one person a millionaire, while another isn’t? What are the att...
Mar 20, 2015•46 min•Ep. 41
Wasn’t it just yesterday we were doing the annual “Make Your New Year’s Goals” episode? Statistically speaking it’s pretty safe to assume more than a few of us are having troubles making the lofty changes we initially set out for ourselves. Todd Tresidder of FinancialMentor.com is here to let us in on a few hard realities surrounding setting financial goals, and some tried-and-true strategies he has used to keep himself and his clients on track. He also has some encouraging words for those of us...
Mar 13, 2015•51 min•Ep. 40
If you’re a free-thinking individual that often finds themselves not just outside the proverbial box, but so far away from the norm that you forgot what “the box” ever looked like, then this is the episode for you! Joan Sotkin of ProsperityPlace.com has left SMART goals in the dust in her pursuit of emotional nirvana and financial utopia. We try to bring it every episode of MMS, but we promise you that this week will be especially entertaining! https://moneymastermindshow.com/episode39-how-your-...
Mar 06, 2015•42 min•Ep. 39
The Money Mastermind Show welcomes Dorethia Conner Kelly from #MoneyChat to our studios to chat about how you can take your next step on the staircase to wealth and prosperity no matter where you currently are. Some people believe the path to financial success is too daunting to take on, but every journey starts with a first step! https://moneymastermindshow.com/episode38-steps-to-achieving-financial-success/ Some important questions discussed in this episode: What should financial success mean ...
Feb 26, 2015•55 min•Ep. 38
Don’t listen to financial gurus… unless you consider us gurus… then only listen to us! Confused yet? We brought in in Joe Saul-Sehy from Stacking Benjamins to help us sort it all out. He wrote a whitepaper examining the value (or lack thereof) of what these “gurus” are putting out there on TV and other forms of media. Tune in to hear us explain why popular financial advice is often flawed and how you can identify where the best sources of information are for you. https://moneymastermindshow.com/...
Feb 19, 2015•54 min•Ep. 37
Your portfolio doesn’t need to be perfect, it just needs to be average to be better than most. A reasonable person might wonder how that could be true, but then again, a reasonable person wouldn’t conceive of the myriad of ways the financial industry had come up with to siphon off your savings and investments. Barbara Friedberg from BarbaraFriedbergPersonalFinance.com joins us to explain how low maintenance investing strategies, combine with a basic understanding of concepts such as asset alloca...
Feb 12, 2015•49 min•Ep. 36
Valerie Rind joins us to talk about a major life event that no one wants to believe will happen to them, but has become all-too-common over the past couple of decades. Divorces are obviously a destructive emotional experience, but in addition, there are financial-based problems that are bound to complicate the situation even further. As a divorcee, Valerie helps others learn from her experience. Her blog is cleverly titled Gold Diggers and Deadbeat Dads but you can find it under the URL ValerieR...
Feb 05, 2015•43 min•Ep. 35
Want to pay off $28,000 worth of debt in under three years? Zina Kumok of Debt Free After Three will tell you how she managed this Herculean feat of frugalistic strength this week on the Money Mastermind Show. Tune in to hear about everything from stocking up on shampoo samples, to debating the merits of free-at-the-point-of-delivery college/university courses. If you’re ready to live debt free, here’s your road map to getting on the right track. https://moneymastermindshow.com/episode34-paying-...
Jan 30, 2015•51 min•Ep. 34
Earning money is fun, watching your account balance grow can be very satisfying, but when it comes to that warm feeling inside, giving your cash away might be the most rewarding thing we can do where money is concerned. Friend of the show Luke Landis is back and he brought his playoff beard with him! We talk about what responsible giving might look like, how to make sure your given dollar goes as far as it can (whether it’s a Loonie or a Greenback), and we’ll even get slightly philosophical as w...
Jan 23, 2015•37 min•Ep. 33
Lauren Bowling from L Bee and the Moneytree joins us this week to explain why having multiple streams of income is quickly becoming not just a pleasant luxury, but for many young people at least, a real necessity in the quest for financial security. Tune in as Lauren and the panel discuss not only why pumping up your bank account from several different sources is important, but to breakdown some strategies they’ve used in order to generate several different streams of income. https://moneymaster...
Jan 16, 2015•42 min•Ep. 32
So 2015 arrives and everyone around you is making these epic-quest goals and everywhere you look has lists of uber-ambitious resolutions. What’s a sane person to do? Do you buy into the mania and say you’re going to run a marathon while getting that MBA this year, or do you scoff at the people at the gym in January that aren’t really sure what they’re doing? Eric Rosenberg from Narrow Bridge Finance joins us this week to talk about his approach to goal setting – and even more crucial – goal achi...
Jan 09, 2015•43 min•Ep. 31
The holiday season is upon us, but what happens when you run into a financial emergency? Did you spend too much on gifts? Are you still scrambling to find last-minute frugal gift and entertaining ideas? Is an unexpected emergency room visit straining your finances? What can you do when your holiday threatens to be less than happy? We’ll discuss some of the difficulties that come with the holiday season — or that can arise during any financial emergency. We’ll look at some of the last-minute solu...
Dec 18, 2014•55 min•Ep. 30
Just because your dad always said, “My house is the best investment I ever made,” doesn’t make him a real estate investing expert. Having a plan to retire on a million dollars in real estate-related cash flow probably does though. Our guest this week is Brandon Turner of Bigger Pockets and he’ll tell you how to get started on your real estate journey, as well as what to stay away from. Tune in to hear how Brandon decides on which properties to purchase and how he ended up living in Kurt Cobain’s...
Dec 11, 2014•55 min•Ep. 29
