One of the most frequent questions I get is what does a financial planner actually do? The next most common question is do I need one? On this episode of Money Mile, we’ll explore both of these questions in greater detail. You’ll learn the different types of titles that financial professionals might have, the roles they play, the certifications they might possess, and the way financial professionals are compensated. If you have been wondering what kind of financial planner you need (or if you ne...
Mar 01, 2023•15 min•Ep. 20
One of the largest lifetime expenses that many Americans face is taxes. Since we all have to pay taxes on our income and we (ideally) earn an income or profit from our investments, we have to pay taxes on our investments as well. This is why it is important to consider the types of investment accounts you hold. If you are interested in minimizing your lifetime tax bill then you will want to carefully examine which type of accounts your investments are in. Listen in to hear the tax structure of e...
Feb 15, 2023•9 min•Ep. 19
Do you have a spending plan? Or do you just wing it and hope for the best? If you remember episode nine, The First Foundation of Financial Fitness , you’ll remember that you should spend less than you make. Hopefully, you are already doing that. Today’s episode takes that foundation up a notch to help you keep track of where your money is going. In this episode, you’ll learn three types of spending plan structures, reporting mechanisms, and common challenges with spending plans. Let’s take a dee...
Feb 01, 2023•10 min•Ep. 18
We’re all looking for the best investments that we can make. While I can’t tell you what the next hot stock will be, I can give you some unconventional investment ideas that you may not have thought of before. Since I don’t know you from a hot rock, I can’t give you specific investment advice. I simply want to give you a few ideas and strategies to consider. In this episode of Money Mile, I’ll break up my suggestions into age categories with a universally sound idea at the end. Come share a mile...
Jan 18, 2023•11 min•Ep. 17
Not everyone has a pension plan, but if you do it could be a tremendous boon to your plans for financial independence. A pension plan seems cut and dry, but in this episode of Money Mile, you’ll hear five ways that you could optimize your pension so that you can maximize your benefits. Let’s share a mile together so that you can learn how to maximize your pension and maximize your plans for financial independence. You will want to hear this episode if you are interested in... How pension benefit...
Jan 04, 2023•13 min•Ep. 16
In the last episode of Money Mile , you met Harry and Jenny–two hard-working triathletes working toward living a good life both now and in the future. Now that Harry and Jenny have built their money machine, they are ready to start planning for their kids’ college education. Today you’ll learn 6 tips that can help ensure that you get your kids off to the best start in life by helping them afford their college education. College is notoriously expensive, but using these tips can ensure that you a...
Dec 21, 2022•10 min•Ep. 15
Even though money doesn’t grow on trees, there is a way to build your own money machine. Unfortunately, this money machine won’t look like your own personal ATM that you keep in your basement. However, it will help you achieve financial independence. In this episode of Money Mile, you’ll learn how to build your own money machine with the story of two triathletes. You will want to hear this episode if you are interested in... Harry and Ginny’s story [1:22] Design your own money machine [2:45] How...
Dec 07, 2022•9 min•Ep. 14
Debt can be a powerful tool, but it can also create a terrible financial situation that can ruin your chances for financial independence. On this episode of Money Mile, you’ll learn the 5th and final foundation of financial fitness: use debt wisely. I’ll help you understand the types of debt, my golden rules for debt, tips for utilizing student debt, and the one type of student loan that you should avoid at all costs. Press play to ensure that you won’t make a regrettable decision about educatio...
Nov 23, 2022•12 min•Ep. 13
Over the past few episodes, we have been working through the 5 foundations of financial fitness . Today, we’ll delve into the fourth foundation. The fourth foundation of financial fitness is to protect what you can’t afford to lose. Since life is full of ups and downs, it is important to plan ahead to be ready in case things don’t go your way. Listen in to hear the 6 things that you should consider protecting. You will want to hear this episode if you are interested in... Examples of things that...
Nov 09, 2022•10 min•Ep. 12
Have you ever been a race day volunteer? Volunteering at a race is a way to gain perspective on what it means to race. On this special episode of Money Mile, I share my experience as a bike aid station volunteer at the 2022 California Iron Man. Listen in to hear what you can learn not just from the Iron Man champions, but from all those that choose to sacrifice their time and energy for the sake of becoming an Iron Man. You will want to hear this episode if you are interested in... The 2022 Iron...
Nov 02, 2022•7 min
There are thousands of ways that you can build wealth, but if you don’t have a plan that you can implement, then you’ll never reach your financial goals. Building wealth is the third foundation of financial fitness that we are discussing in this episode of Money Mile. How did your homework go from episode 10 ? Did you discover one smart thing to do with your money and implement it? Tell me about your journey to financial independence and let me know how your homework assignments are going. Email...
Oct 26, 2022•12 min•Ep. 11
ou already know that you need to spend less than you earn , but what should you do with the difference? Something smart! Doing something smart with the difference is the second foundation of financial fitness. In this episode of Money Mile, you’ll learn about some intelligent and not-so-intelligent things that you can do with the money that you have left over at the end of the month. There are myriad ways that you can use your money, so listen in to think about the best option for you and your f...
Oct 12, 2022•10 min•Ep. 10
Now that you know the basic foundations of financial fitness , we’ll be taking a deep dive into each of them one at a time. Today we are covering the first foundation: spend less than what you earn. In this episode, we’ll explore what this means and how you can make this seemingly simple foundation of finance work by using a spending plan. You’ll learn 10 tips to help you design your spending plan, and as with each episode, you’ll have homework to implement what you have learned. Are ready to sh...
Sep 28, 2022•12 min•Ep. 9
Welcome back to Money Mile, the podcast for active people looking forward to an active, phased financial independence. Together we’ll share a mile so that you can learn how to build a better life. In today’s episode, you’ll hear the 5 foundations of financial fitness that we’ll be exploring in depth over the next several episodes. Make sure to stick around until the end to hear your homework! You will want to hear this episode if you are interested in... The 5 foundations of financial fitness [0...
Sep 14, 2022•4 min•Ep. 8
Welcome back to Money Mile, the podcast where we share a mile to help you live a better life! In the last few episodes, we discussed the unique financial challenges that endurance athletes face. This episode translates a financial concept into terms that a triathlete will easily understand. If you aren’t a triathlete, please continue to listen and let me know what you think! I’d love to know how you did with your homework from the previous episodes, let me know how you are doing on your financia...
Aug 31, 2022•8 min•Ep. 7
Welcome back to the third and last episode in this three-part series detailing the top financial challenges of active people. If you haven’t listened to the first two you can start here . Triathletes and distance runners have a unique set of financial challenges and we continue to work through them in this episode. Make sure to listen all the way through so that you can take action with today’s homework plan. How are you doing with the homework? Have you thought about how race fees impact your s...
Aug 17, 2022•12 min•Ep. 6
Welcome back to Money Mile. This is part 2 of a two-part series on the Top Financial Challenges of Active People. If you missed part 1 you could check it out here . How did your homework from last time go? Email me to let me know! This episode will discuss challenges like race fees, life insurance, and non-racing partners. Listen in to hear the top financial challenges of active people. Connect With Justin Waller https://WallerFC.com Waller Financial Coaching on Facebook Justin on Instagram Just...
Aug 03, 2022•10 min•Ep. 5
Endurance athletes live exceptional lives. This means that their financial planning needs to be a bit different than their non-athletic friends. In this episode of Money Mile, you’ll learn the key differences endurance athletes need to consider in their financial planning. Since the vast majority of triathletes and distance runners pay out of pocket for the opportunity to push themselves to new limits, it is important to be aware of the financial impacts of these decisions over time. The more yo...
Jul 20, 2022•12 min•Ep. 4
You share a mile with us on your long steady run and we work to help you live a better life. 1 What you "do" is more important than what you know. 2 The best strategy is one you will implement. There are 1000's of things you can do. What will you do? 3 Focus on the things you can control - 80%, Influence, 19%, No Control and Influence Efficient. Saving 3 basis points trying to find the best counter cyclical 2x consumer durable ETF Spending a lot of time and money on being more aerodynamic on the...
Jul 06, 2022•11 min•Ep. 3
Money Mile is designed to help active professionals work toward an active and phased financial independence while ultimately leaving a meaningful legacy. Does that sound like you? I encourage you to have a listen to discover if the Money Mile podcast is right for you. After you’re done listening, make sure to scroll down to the end of the show notes for your free Future Vision template. You will want to hear this episode if you are interested in... A proactive retirement [0:32] Living an active ...
Jun 22, 2022•10 min•Ep. 2
Welcome to the inaugural episode of Money Mile! I am your host, Justin Waller. Since you decided to invest a bit of your time with me, I would like you to know who you are listening to. Press play to hear a bit of my backstory as you come along for the ride on this flying umbrella! You will want to hear this episode if you are interested in... How I got started [0:42] The physical side of the podcast [2:45] My core values [5:11] Connect With Justin Waller https://WallerFC.com Waller Financial Co...
Jun 08, 2022•7 min•Ep. 1
Are you looking to improve your financial outlook one mile at a time? If so, you’re in the right place. Money Mile is created for people who are interested in improving their long-term wealth-building strategies so that they can live their best lives. I’m Justin Waller, your personal financial educator and the host of the Money Mile podcast. Welcome to the Warm-Up Lap! You will want to hear this episode if you are interested in... Who this podcast is created for [0:22] What to expect from the fi...
Jun 01, 2022•4 min
Thanks for checking out Money Mile. We help active people looking forward to an active financial independence, a phased retirement, and eventually leaving a meaningful legacy. Here, you get to listen to personal financial education from an expert that has been guiding people to their financial independence for over 20 years. This is not your typical financial podcast. Our content is delivered in 8 to 10 minute segments that will ideally align with one mile of your long steady run each week. This...
May 13, 2022•1 min
