Allison Karrels has been investing in rental properties for several years. She currently owns nine properties so she has a lot of experience. With all the things That could go wrong with rental properties, Allison has only had two major repairs over the years, neither of which were surprises which is pretty amazing. She does a lot of research on exactly what she wants. It wasn't always that way. Today she shares her lessons learned investing in rental properties. Full Article Here Show Notes Gho...
Oct 16, 2017•58 min•Transcript available on Metacast What the f**k are commodities? Stocks and commodities are both traded but that's where the similarities end. Carley Garner, author of Higher Probability Commodity Trading, joins us today to teach us all about commodites; what are they and why are they important. Full Article Here Show Notes Hop Rod Rye: An American IPA. Decarley Trading: Carley's brokerage firm. Simple Wealth: Research and evaluate rental properties. Tool Box: All the best stuff to manage your money. Learn more about your ad cho...
Oct 09, 2017•58 min•Transcript available on Metacast For many Americans, their 401k’s are their primary or maybe only, retirement account so we need to get the most value we can from them. We’re joined by a previous guest. Chris Costello joins us to talk about how to retire happy when you optimize your 401K account with Blooom. Blooom helps people manage their 401k’s. Once upon a time, only people with serious money had access to financial advice but technology has made investing and financial services more democratic and available to a much large...
Oct 02, 2017•1 hr 3 min•Transcript available on Metacast We have covered the problem of student debt many times and we are always trying to find alternative ways to get a good education without being saddled with debt. Today we will show you a way not only to get a great education that will put you on the path to a great career without incurring debt but also takes a fraction of the time that getting a traditional college education takes. We’re very excited to have found this guest and bring him to you. Today we’re joined by the founder of MissionU, A...
Sep 25, 2017•44 min•Ep 164•Transcript available on Metacast There are a lot of questions in personal finance but maybe the biggest is invest or pay off debt? That is the question we get at LMM most often. There is a lot of emotions involved when it comes to making financial decisions but this framework largely removes emotion. This is straight up what you should do to optimize your finances. So, what should you do first, invest or pay off debt? Today Andrew has done the math. Full Article Here Show Notes Even More Jesus Evil Twin Brewing: An Imperial Sto...
Sep 18, 2017•39 min•Ep 162•Transcript available on Metacast Rental property investing is one of the best ways to earn passive income but you need to understand the potential for failure. There are a lot of rules when it comes to real estate but there are ten that should never be broken. These are 10 real estate investor commandments. Full Article Here Show Notes Even More Jesus: An Imperial Stout from Evil Twin Brewing. Simple Wealth: Research and evaluate rental properties. Tool Box: All the best stuff to manage your money. Learn more about your ad choi...
Sep 11, 2017•37 min•Transcript available on Metacast Some of our this financial life guests were just getting their financial footing and we got to learn along with them. Broc is doing pretty much everything right so his this financial life gives us the chance to learn from him. He and his wife even managed to pay off their mortgage in just five short years! Full Article Here Show Notes Simple Wealth: Research and evaluate rental properties. Tool Box: All the best stuff to manage your money. Learn more about your ad choices. Visit megaphone.fm/adc...
Sep 04, 2017•53 min•Transcript available on Metacast As we continue our back to basics series, we’re going to talk about debt. We interview the founder of the blog, Dear Debt, We Need to Break Up. Melanie Lockert of Dear Debt who paid off $81,000 in student loan debt joins us to discuss all things debt related. It's so much harder to build wealth and achieve financial independence when you are dragging around debt. If you have high-interest debt, start making a plan today to get it paid off as quickly as you can so you can stop paying debt and sta...
Aug 28, 2017•1 hr 4 min•Transcript available on Metacast We haven’t done a five questions episode for awhile. Here are five awesome questions from you about mortgages, credit cards, and retirement. Your questions about mortgage rates, side hustles, rental properties, and analyzing individual stocks. Full Article Here Show Notes Ashes to Mashes, Nuts to Butts: An American amber/Red ale style beer. Simple Wealth: Make your life easier as a real estate investor. Tool Box: All the best stuff to manage your money. Learn more about your ad choices. Visit me...
Aug 21, 2017•54 min•Ep 159•Transcript available on Metacast The most important thing in real estate is location, location, location. Today we discuss the key factors to finding the perfect rental property neighborhood. Zach Evanish from Roofstock joins us to discuss what factors to consider when choosing a rental property neighborhood. Full Article Here Show Notes Bend the Knee:A Belgian-style golden ale. Roofstock's Neighborhood Ratings: The five criteria used to measure investment risk against potential return. Tool Box: All the best stuff to manage yo...
Aug 14, 2017•58 min•Transcript available on Metacast None of us deserve to be undervalued so we will tell you how to know your worth with Adrian Granzella Larssen. Do you think you are being paid what you’re worth? How do you know what your position is worth? Adrian Granzella Larssen from the Muse is here to discuss getting what you’re worth. Show Notes Sanguinem Aurantiaco: A blood orange beer from Evil Twin Brewing. Sam Adams Summer Ale: An American pale ale. The Ultimate Job Search Course: The Udemy course from The Muse. Simple Wealth: Research...
Aug 07, 2017•1 hr 3 min•Transcript available on Metacast Much has changed for the average American family from a financial standpoint in the last few decades. Much of the advice we receive is outdated in today’s climate. A study is based on 235 families from all across the United States. For one year they gave the authors access to every detail of their financial lives. The families were not among the poorest nor were they among the richest. A quarter was below the poverty line, half were at or making two times the poverty line, and a quarter were abo...
Jul 31, 2017•58 min•Transcript available on Metacast Many people are afraid to get started investing. Some are scared to lose money, feel they don't have enough money or it can be due to lack of personal finance knowledge. Investing is not hard and anyone can do it. You can start investing with any amount money and the earlier you start, the better. We'll explain the fundamental concepts, lingo, types of investments and the basics of how to start investing. You got this! Full Article Here Show Notes An Mas Chili Jesus: 12% ABV, what else do you ne...
Jul 24, 2017•1 hr 12 min•Ep 155•Transcript available on Metacast When buying investment properties, most people focus on the cash flow. However, there are greater benefits that are sometimes overlooked – rental property depreciation and tax benefits. It can get complicated but we want to lay it all out for you. Full Article Here Show Notes Great Lakes Turntable Pils: Earthy with the aroma of fresh hops. Craig Cody and Company: Craig's CPA company. Secrets of a Tax Free Life: Get a free copy of Craig's book Simple Wealth: Research and evaluate rental propertie...
Jul 17, 2017•57 min•Transcript available on Metacast There are certain things that we should splurge on. When we spend more money on things like good food, a good mattress and bedding, and good medical care, we improve all the other aspects of our lives. You can’t function properly if you don’t eat and sleep well. Spending money to see a functional medicine doctor rather than a pill pushing doctor can preserve your quality of life for decades. When the inputs are quality, the outputs will be quality. Full Article Here Show Notes Simple Wealth:Rese...
Jul 10, 2017•1 hr 6 min•Ep 153•Transcript available on Metacast We love the word fuck, so that's what turned our heads when we saw this book. But the key word is subtle. We have to care about some things but we need to be more conscious of who we value and what we care about. We only have so much time and energy. But it's not always obvious what we should give a fuck about. You have to figure out who and what matters. We all get to choose what we give a fuck about, and we choose every day whether we realize it our not. You have a finite supply of fucks to gi...
Jul 03, 2017•1 hr 3 min•Transcript available on Metacast Owning rental property doesn’t have to mean being a hands-on landlord. What you need to know when choosing the best rental property management company. If you’ve been an LMM listener for awhile, you know that rental property is one of the best sources of passive income. If you don’t want to get calls about leaky roofs in the middle of the night, we’ll teach you what you need to know when choosing the best rental property management company. Full Article Here Show Notes Roofstock: The company has...
Jun 26, 2017•1 hr 1 min•Transcript available on Metacast Ever dreamed of living in a van down by the river? Our guests actually do. They’ll tell us how to live in a van and do what you love. You hear about people who decide one day just to give up the 9-5 life most of us live to do something different, and today we speak to a couple who did just that. Full Article Here Show Notes Ommegang Abbey Ale: A rich, fruity brew. Syd and Macky's Website:Follow along on the adventure and find their new Youtube channel. Instagram: Syd and Macky's IG for the hardc...
Jun 19, 2017•1 hr 1 min•Transcript available on Metacast We all have preconceived notions around money, many of them unconscious. If we can tease those notions to the forefront, we can conquer them and the behaviors they cause that hold us back financially. Break old money habits and change your mindset around money. Today we rewrite your money story with Belinda Rosenblum. Full Article Here Show Notes Ommegang Abbey Ale: A rich, fruity Burgundian brew. Dogfish Head SeaQuench: A sour made with lime and black lime. Belinda’s Personal Finance Workshop:S...
Jun 12, 2017•1 hr 3 min•Transcript available on Metacast The Oracle of Omaha is a font of wisdom. He is perhaps the most successful investor in history. So he knows a lot of lessons we can all benefit from. Here are 22 life-changing lessons from Warren Buffett. Whether you want some words of wisdom on investing or how not to be a better person, there are Warren Buffett quotes to guide you. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jun 05, 2017•58 min•Transcript available on Metacast Sometimes we get awesome questions from our listeners and we like to do an episode around them. Today we have five awesome questions from you about 401k loans, side hustles, student loan interest rates, buying a home and early retirement. Full Article Here Learn more about your ad choices. Visit megaphone.fm/adchoices
May 29, 2017•49 min•Transcript available on Metacast The future is creeping up on all of us. If you’ve been avoiding thinking about it, it’s time to get serious about retirement and your goals. Some of us put off worrying about money for a long time. When you’re in your twenties and thirties, retirement seems so far away that it’s not worth thinking about. But the clock is ticking and you are wasting the most powerful thing in personal finance, the power of compounding interest. The longer your money is invested, the more it grows. There is no sub...
May 22, 2017•52 min•Transcript available on Metacast All of us have spending leaks, money we spend that we shouldn’t. We’re getting back to basics. While you were all busy investing in real estate and monitoring your portfolios, you’ve been steadily wasting money. We’re all guilty of it, but from time to time we need to go back to personal finance 101 and take a hard look at how much we are spending day to day. Stop wasting money already! And remember what gets measured gets managed. Full Article Here Show Notes Cascade Kriek Ale:A sour ale from C...
May 15, 2017•51 min•Transcript available on Metacast Money is almost as taboo a subject as sex and arguably, just as important in a relationship. But too few people bring it up. Today we are getting financially naked with the Broke Millennial. How to talk about money, with yourself, your partner, your friends, and your parents. Full Article Here Show Notes Elliott Ness Lager: An amber lager from Great Lakes Brewing Company. Broke Millennial:Get your financial life together. Broke Millennial: Stop Scraping By and Get Your Financial Life Together: E...
May 08, 2017•1 hr 22 min•Transcript available on Metacast No matter what your financial goals are, sometimes reaching them can feel like a slog. Do you need some money motivation? We got you. We are going to motivate you to take action, to stop making excuses and to finally do what you already know you need to do. At the end of this month, you’ll be motivated to take on the world. Because when you change your money habits, you will change your life. Full Article Here Show Notes Toolbox:All the best stuff we use to manage our money. Community: Join the ...
May 01, 2017•47 min•Transcript available on Metacast Good personal finance habits start young. Our children don’t get much personal finance education in school so it’s up to parents to provide that education. There are things we can do throughout their childhood to turn our kid into a money master. Today we take to Eva Baker from Teens Got Cents. She started Teens Got Cents as a home school project when she began to get interested in personal finance. She started doing some research but found that most information was geared toward adults and ther...
Apr 24, 2017•52 min•Ep 142•Transcript available on Metacast Do you hate making a decision? Sometimes the fear of making a decision means we miss out on a good opportunity. We make dozens of decisions every day. Some of them are minor like what to wear to work, and some are major like deciding between buying a rental property or a house to live in. When you learn to master the decision-making process you can improve every aspect of your life, your job, your health, your relationships and not least of all, your finances. Today we will get you off the fence...
Apr 17, 2017•56 min•Transcript available on Metacast We love robo-advisors, and lots of other investors do too. But admittedly, robo-advisors are missing that personal touch some investors prefer. We found the best of both worlds in Wealthsimple. This is our Wealthsimple review along with a chat with CEO Michael Katchen. Full Article Here Show Notes Personal Finance for Engineers - Adam's presentation on Personal Finance. Not only for engineers but certainly focuses on their blind spots. Signup for Wealthfront - Get your first $15,000 invested for...
Apr 10, 2017•47 min•Ep 140•Transcript available on Metacast Lots of us dream about turning our passion into a money-making business, and it can be done! In our on-going series about starting an online business, we discuss monetizing your passion and building your business. Remember, our goal is to earn at least $1,000 a month by month 12 of your business and to see a clear trend towards growth. If you quit your job to work on this business full time, that’s not a lot. If you still have your full-time job, bringing in an extra $12,000 a year is pretty gre...
Apr 03, 2017•59 min•Ep 139•Transcript available on Metacast A business plan can be a scary term conjuring images of thirty-page documents. But it doesn't have to be that involved. It's just writing down what you have to get done and a simple one page business plan is a great place to start.A simple one page business plan is nothing more than a map for your business that gives an outline of your goals and the steps you will take to achieve those goals. It’s not that different from having a plan to accomplish any goal. We'll discuss creating a simple one-p...
Mar 27, 2017•1 hr 5 min•Transcript available on Metacast 
