In this episode: Budgeting sucks …. Do this instead Budgeting … It’s feels so negative Instead think of align your cashflow with your life Shout out to First Steps Cash Management - You can easily do this at home. Instead of thinking about cash in one bucket, break it into three buckets. Static - Past - Fixed expenses that don’t change Control - Weekly expenses that vary Dynamic - Planning for the expected and unexpected For salaried people, use the net pay from your paycheck For 1099 - Small bu...
Oct 09, 2019•21 min
In this episode: How to Get the Most of Your Employee Beneftis Medical Insurance HSA vs. No HSA Disability Insurance Life Insurance Dependent Care FSA Medical FSA - If no HSA Stock Compensation - ESPP Review your retirement plan Legal Benefits Tuition reimbursement LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want u...
Oct 02, 2019•21 min
In this episode: Do I need life insurance? Reasons you may want life insurance What kind of life insurance should I get? Read Blair's Article Here! Whole vs. Term How much insurance do I need? Rule of Thumb Need analysis Human Life Value Don't over insure yourself Don't under insure yourself Term Layering Don't I already have life insurance through work? Where can I get a policy? Policy Genius LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t mis...
Sep 25, 2019•22 min
Description: How many mutual funds should I own? What is a mutual fund vs ETF? Index or Active Examples Instead of # of funds, focus on: Asset Allocation Globally Diversified Keeping costs down Vanguard Build a Portfolio DFA Global Stock Market LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit o...
Sep 18, 2019•23 min
Description: Should James get a 15 year or 30 year mortgage? Let's look at the numbers What is amortization? A great hack for a 30 year mortgage What else could you do with the funds instead of paying down the mortgage? Other considerations How to shop for a mortgage LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want...
Sep 04, 2019•20 min
Description: Where should you invest after maxing out your retirement plan? Make sure you actually maxed out your retirement benefits Roth IRA Health Savings Accounts - HSA Employee Stock Purchase Plans - ESPP Invest in non-retirement accounts Pay off debt / mortgage LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want...
Sep 04, 2019•15 min
Description A fun math problem that explains compounding Time = Magic - It's a long term game Do retirees need compounding? It is magic, but it takes patience and a plan Markets will go down along the way - Stick with it LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here...
Aug 27, 2019•19 min
Description Scott and James discuss how to align your money with life: Focus First on What is Most Essential to You Kinder's Three Questions LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here...
Aug 20, 2019•20 min
Description Scott and James discuss the types of accounts you can use to save for college as well as the pros and cons of each: 529s - See if your state offers tax incentives here Education Savings Accounts Taxable accounts UGMA / UTMAs Roth IRAs LETS’ CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit...
Aug 14, 2019•24 min
Description What is estate planning and why should you care? When do you want to get estate planning documents? What documents should you think about getting? Where can you get estate planning documents? LETS’ CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here...
Aug 06, 2019•22 min
Description Invest in a Roth or traditional IRA What if your tax rates are the same, now and in the future What are Required Minimum Distributions and who needs to take them When would a traditional IRA be favored to a Roth When is a Roth IRA favored Do your homework before you make your contributions Think about Roth conversions in gap years / low income years LETS’ CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTune...
Jul 31, 2019•19 min
Description HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: Start with the end in mind Know your income sources in retirement Calculate how much you need to have in your investment accounts Other factors to keep in mind LINKS WE MENTIONED ON THE SHOW: JP Morgan's Guide to Retirement LETS’ CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money quest...
Jul 22, 2019•24 min
What is an HSA HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: What is a Health Savings Account (HSA) Who qualifies to use an HSA What can you use your HSA for How does it save you on taxes How can you use an HSA to save and invest for the future How to prioritize IRA savings versus HSA savings Linked Resources: HSA Report Card - What States Allow for Tax Deductions LETS’ CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTun...
Jul 17, 2019•21 min•Ep. 4
SEP IRA vs. Solo 401k HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: What is a SEP IRA How much can you contribute Account opening deadline What is a solo 401k How much can you contribute S-Corporation vs. Sole Proprietor Over 50 years old Account opening deadlines Where can you set up a solo 401k? Solo 401ks additional benefits Our favorite LETS’ CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Spotify, or Google P...
May 20, 2019•24 min
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: How to prioritize your debts Understanding the power of time value of money Where can you look to start saving Is the textbook answer the right answer? LINKS WE MENTIONED ON THE SHOW: Prioritize your debts A Tale of Two Marines LETS’ CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Sticher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you ...
May 09, 2019•18 min•Ep. 2
May 08, 2019•8 min
