This week the guys get nerdy about the numbers and chat about how to calculate cash on cash return to see if a property will be a smart investment. Is This a Good Investment? If you’ve been talking about buying a rental property with friends and family, there was probably someone who told you some horror story about owning rental property. Before letting them scare you out of it, do the math. It’s important not to make an emotional decision when buying a rental property. Instead look at the numb...
Sep 12, 2016•55 min•Transcript available on Metacast Owning a rental property can be a great player in your overall investment strategy and an excellent way to build wealth. It typically isn't affected in the same way as the stock market so that it can provide diversification in your portfolio. However, it's important to understand the risks of the real estate market. Andrew just started investing in rental properties earlier this year soon today's episodes he will give us a broad overview of why real estate can be a great investment and what he h...
Sep 05, 2016•1 hr 8 min•Transcript available on Metacast Whether you are looking to move to Denver or Denmark, there are a lot of things you need to take into consideration before moving to a new city. When you are moving to a new city, everything is new and exciting, but it can also be a little scary. Preparing will help you get past that insecurity the unfamiliarity of a new city can bring. And overspending is almost always a result of under planning. One of our awesome listeners has been thinking of making a move to a new city and asked us for some...
Aug 29, 2016•45 min•Transcript available on Metacast If someone told you they were starting a franchise, what would be the first thing that came to mind – Mc Donalds, Chick-Fil-A, 7 Eleven? When you start to look into the world of franchises, you’ll be surprised at what you’ll find. These days they come in all different shapes, sizes and niches. Today the guys chat with Laura Novak, owner of Little Nest Portraits Franchise, about starting a franchise. She talks to us about how her franchisees work, why she decided to go franchise and what systems ...
Aug 22, 2016•53 min•Transcript available on Metacast It’s hard to know how to prioritize your financial goals. Personal finance is personal, so there isn’t one answer for everyone. It’s important to understand how to prioritize your financial goals and help you figure out what to focus on first. Should you start an emergency fund or save for retirement? Pay off debt or start investing? Everyone will give you different advice, and it can get confusing. Know What You Want You can’t do anything meaningful until you decide on some goals for the short ...
Aug 15, 2016•46 min•Transcript available on Metacast Becoming an entrepreneur is not for the faint of heart. Running and growing a business can be challenging – that’s why about 90 percent of all new businesses fail. Since the odds are stacked against you, it takes hard work and perseverance to achieve success. Whether you have a business or looking to start a one, it’s important to listen to your peers and mentors. Some lessons you will have to learn on your own but some small business tips you can learn from others. Collectively, Thomas and Andr...
Aug 08, 2016•55 min•Transcript available on Metacast Your paycheck gets deposited, groceries purchased, bills paid, and then you’re broke again until the next payday. That is the story for almost half of American households, and the vicious cycle is hard to break. It won’t be easy, but you can stop living paycheck to paycheck. An NYU study found that about 70 million Americans live in “wealthy hand-to-mouth” households. These are families that own assets like homes, retirement accounts, college funds and cars but yet still live paycheck to paychec...
Aug 01, 2016•43 min•Transcript available on Metacast This episode was inspired by a tweet we received from one of our listeners Alexa who asked, How many side hustles are too many? She has been working on a few things that she loves and was questioning if she should just focus on one and ditch the rest for now. Both Andrew and Thomas have struggled with focusing on one project from time to time. When trying to build a business you have a lot on your plate. Staying focused can be tough with a constant stream tasks and new ideas demanding your atten...
Jul 25, 2016•41 min•Transcript available on Metacast We love to answer questions from our listeners, and sometimes we make a whole episode around it. Today we answer five questions about drinking on the job, Lending Club, borrowing from family, green mutual funds, having fun, buying a first home, Bonus Question: I have noticed that you tend to be drinking beer on each of the podcasts, let me just first say, fuck I’m jealous.I would like to know what kind of job I can get that will let me drink beer in the morning (without the whole judgey this guy...
Jul 18, 2016•50 min•Transcript available on Metacast Becoming a new parent is a wonderful life experience, but it also comes with a ton of work, sleepless nights and some financial stress. Today the guys talk to Kim Palmer, mother of two and author of Smart Mom, Rich Mom about how to build wealth while raising a family and preparing financially for parenthood. New Expenses There are many new expenses that come along with a new family member. According to Kim, on average a new child will cost $11,000 in their first year which doesn’t even include c...
Jul 11, 2016•42 min•Transcript available on Metacast Happy 4th of July! While you are watching fireworks, remember how much hard work and dedication it took the founders of the United States to declare independence. It takes the same effort and dedication when it comes to financial independence. These are the best habits for independence. Finding financial independence takes a lot of hard work too. Today the guys talk about building habits for independence and what mindset you need to become more freedom financially. What Retirement Should Be Andr...
Jul 04, 2016•39 min•Transcript available on Metacast Season two of Listen Money Matters has officially reached 100 episodes. Thomas and Andrew have learned so much from each other and from the excellent guests we’ve had on the show. Today the guys discuss the top 10 things they have learned in 100 episodes this season. Andrew’s Lessons Having routine changes everything. Andrew learned the power of habit and made better use of his time. Having a routine has done wonders for his productivity and has actively and consciously built himself a daily rou...
Jun 27, 2016•44 min•Transcript available on Metacast Growing your wealth is not just about keeping up with your budget and investing some money in the stock market. To achieve financial independence, you need to have a solid plan, and that starts with better decision making. Today on the show the guys talk to Douglas McCormick- Army veteran, entrepreneur, and author of Family Inc. He teaches us about managing your family finances like a business and how to use business principles to maximize your wealth. Many Americans of all ages struggle with fi...
Jun 20, 2016•48 min•Transcript available on Metacast Ever wonder how to people make money selling wholesale on Amazon? Andrew trawled Quora and found someone to teach us how to do it. Eddie Lichstein has been in the e-commerce business for 13 years selling wholesale on Amazon. He has always been a car nut and runs a site, TH Motorsports, which is the Amazon of car parts. He also runs Rejoiner, a site to help e-commerce business owners improve sales. Eddie has been very generous answering questions on Quora and he came here today to answer our ques...
Jun 13, 2016•1 hr 4 min•Transcript available on Metacast When it comes to real estate, breakaway success is found at scale, and Fundrise’s goal is to scratch that itch. Does the Fundrise platform stand up to the hype? That’s what I was determined to find out. I’ve always been a do-it-yourself investor – especially when it comes to real estate. My wife and I own three rental properties, and the condo that we live in is the result of a successful fix and flip over two years. It goes without saying that real estate is both an essential part of our wealth...
Jun 06, 2016•1 hr 2 min•Transcript available on Metacast Emotions have no place in investing. You rely on cold, hard data to make investing decisions. Today we’ll talk about ways to take the emotion out of buying stocks with the founder of Simply Wall Street. We interview Al Bentley, wind-surfer, CEO and co-founder of Simply Wall Street, an Australian startup that helps people make better investing decisions by turning complex data into easily understood infographics. Buy and Hold Wins Again Confirming yet again the advice that LMM has been giving you...
May 30, 2016•52 min•Transcript available on Metacast We get a lot of listener questions, and sometimes we get the same question several times. When that happens, we know a five questions episode is in order! Today we bring you give questions on profit sharing, tradelines, 403Bs, 401ks, and paying off debt. Question One: Can you guys explain the difference between a regular 401k vs. profit sharing 401k? What’s the difference between the two and can you withdraw from both early? Profit Sharing is solely employer-funded. You’re not putting money from...
May 23, 2016•50 min•Transcript available on Metacast There are many ways to make money on Amazon, and retail arbitrage is one of them. I know, it sounds pretty badass. We’ll teach you how it’s done. We have Jessica and Cliff from The Selling Family on the show to talk about their experience using FBA to create a successful lifestyle business. They started in 2010 and now make 300K in sales a year bringing in 100K in profits. What is FBA? FBA or Fulfillment by Amazon allows anyone to sell goods on the Amazon platform and store inventory in their fu...
May 16, 2016•51 min•Transcript available on Metacast Tax-loss harvesting is a term you’ve probably heard but don’t know what it means. It may seem obscure, but it’s a good weapon to have in your investing arsenal. So just what the f**k is tax-loss harvesting? Dan Egan, the Director of Behavioral Finance at Betterment is joining us to talk about Tax Loss Harvesting. We discuss what it is, how it works and what sort of benefits it provides you as a long-term investor. Tax-loss harvesting is the selling of securities at a loss to offset a capital gai...
May 09, 2016•54 min•Transcript available on Metacast While weddings are a wonderful way to celebrate the love between two people, it can come with a hefty price tag. But it doesn’t have to. You can have the wedding you want without going broke. I did. Here’s how beautiful party without blowing your wedding budget. It is important to bear in mind during the whole process that a wedding and marriage are two separate things. What is crucial on your wedding day is you, the one you love, a marriage officiant and your wedding license – everything else i...
May 02, 2016•45 min•Transcript available on Metacast The process of buying or selling real estate can be intimidating and overwhelming to both the first-time and experienced buyers. Today we talk to our agents, Dean and Gerard from GD Group Moves Real Estate in Hoboken, NJ about the anatomy of a real estate deal. Every market is a little different, so if your looking to buy or sell a home in your area, you should talk to a real estate agent in your community. In this episode we will cover some of the important things to know before going into one ...
Apr 25, 2016•43 min•Transcript available on Metacast The guys tackle five great listener questions today. For full answers listen to the episode below. Question One Longtime listener, quick question. I currently put about 25% of my income toward my betterment retirement fund. I rent now but eventually would like to buy a house within the next 10 years. Should I go 15% retirement and 10% home? I would create a new betterment account rather than keeping all in one. Let me know what you’d do. If you are able to save 25% of your income then you are de...
Apr 18, 2016•47 min•Transcript available on Metacast Small businesses are a big part of our country’s economic growth, so you would think the government would make starting a business as easy as possible. Of course, this is not the case. If you need a business tax strategy- listen up. You might think coming up with a great idea and creating a solid business plan would be the most difficult part- that is until tax season comes along. Today we talk to expert business tax planner Diane Gardner about the importance of having a well thought out busines...
Apr 11, 2016•47 min•Transcript available on Metacast It’s been a while but we are back with our Better Know a Millionaire segment and today the guys talk to an entrepreneur, speaker and house painter Matt Shoup. Matt has an incredible story from being six figures in debt to becoming a millionaire. There were many ups and downs on his journey of success. Listen to hear how he started his business with a hundred dollars and how a customer’s baby ended up completely covered in paint. Yup, true story. From early on in his life, Matt had that entrepren...
Apr 04, 2016•37 min•Transcript available on Metacast You often hear “overnight” success stories when it comes to people who have quit their jobs to start a business, but it doesn’t happen that way. It takes a lot of work and planning to get there. If you’re fed up with the 9-5 grind, you may have considered starting your own business. We did it and you can too. We’ll show you how to quit your job and actually start a business. Know what you’re getting into before leaping from your cushy paycheck to starting your own business. The Bar Has Never Bee...
Mar 28, 2016•42 min•Transcript available on Metacast Our listeners send in some great questions, and today we are going to tackle five of them. We answer five questions about down payments, debts, IRAs, 401k fees, and investing during a chaotic period in the stock market. You asked, and we answered your five questions! Question One Hey Guys- My fiance and I are getting married next month, and we are trying to get our finances in order as we plan to buy a house. We are looking for something in the $300K range in about two years and will have minima...
Mar 14, 2016•51 min•Transcript available on Metacast What features do novice and experienced investors get from Wealthfront? How does Wealthfront stack up against the other Robo-Advisors and what sets them apart? We’ll be answering these questions and more in our Wealthfront Review. Luckily (or skillfully) we got an interview with the Wealthfront CEO Adam Nash. After doing our research, chatting with him for nearly two hours and then doing a metric ton more research we’ve got a pretty good idea of where they stand in the Robo-Advisor space. Wealth...
Feb 29, 2016•1 hr 21 min•Transcript available on Metacast We all need and use money nearly every day of our lives but do you know where it comes from? Today the guys cover payment history, the creation of money and how it affects our economy. The IOU Economy You can’t talk about the creation of money without first talking debt. As most of us might think, money was created to make paying for things easier, but that is not the case according to the book Debt by David Graber. The exchanging of goods was always based on debts from the beginning. Let’s say ...
Feb 22, 2016•36 min•Transcript available on Metacast Everyone wants to make money, it’s usually what turns people on to personal finance. Today we’re going to teach you how to make more money in the sharing economy – on your own terms. Uber brought this concept mainstream and as a result, it’s sometimes called the Uber Economy. The idea at its core is that there is slack in our economy – resources that are not being utilized. Your car parked in the garage. Your brother’s carpentry skills. The free time of a math honors student. The goal of the sha...
Feb 15, 2016•51 min•Transcript available on Metacast We have all asked ourselves at some point, do I need life insurance? You’re young and healthy, nothing is going to happen to you, right? Sorry to be a debbie downer, but the reality is anything can happen to you at anytime. Will someone suffer financially once you’re gone? Will your family be able to afford mortgage payments and other living expenses? Funerals are really expensive, will they be able cover the cost? If the answer is yes to any of those questions, then it’s probably a good idea to...
Feb 08, 2016•1 hr•Transcript available on Metacast 
