You’ve heard the term diversification, but you might not know precisely what it means. Turns out it’s more complicated than just owning stocks and bonds. We are going to deep dive and give you a master class on diversification with Adam Grealish. Full Article Here Show Notes Board Meeting: A coffee flavored brown ale. Tool Box: All the best stuff to manage your money. Betterement: A great investing platform and where Adam Grealish works. Learn more about your ad choices. Visit megaphone.fm/adcho...
May 28, 2018•1 hr•Ep 22•Transcript available on Metacast Almost 50% of Americans cannot come up with $400 if they needed it urgently. 1 in 3 Americans has $0 saved for retirement. In the U.S. it seems we’re much better at spending money then we are saving. This spending problem is leaving too many American households living paycheck to paycheck with close to nothing saved for the future. The savings rate has been falling for most of the past few decades. Maybe we stopped saving when our income growth flatlined after the recession, maybe it’s because w...
May 21, 2018•50 min•Transcript available on Metacast Annuities are not exactly transparent, and neither are the people selling them. They are almost always a terrible investment, and when we explain what the f**k are Annuities, you will understand why and stay far away from them. There is so much misleading information out there for Annuities in no small part because the financial incentives for selling them s is very high. We will take an unbiased look at them. We’ve never accepted a dollar from an annuity company, and there probably won’t be any...
May 14, 2018•47 min•Transcript available on Metacast The worst has happened. Whether their fault, your fault or nobodies fault, you lost your job. We don’t want to make a bad situation even worse by making big financial mistakes. This is what to do after a job loss so you can stay or get back on your feet quickly. We have all probably suffered a job loss at some point so we know how scary it can be. But there are lots of things you can do to mitigate the damage. Full Article Here Show Notes Blunderbuss Barleywine Ale: Aged in oak barrels. Toolbox:...
May 07, 2018•56 min•Transcript available on Metacast We get a lot of questions from listeners, and sometimes they are so good, we want to share them with everyone. Today we answer five awesome questions from you about LLCs, winning the lottery, budgeting an irregular income, Roth rollovers, and buying quality. Full Article Here Show Notes Dog Fish Head 60 Minute IPA: A continuously hopped IPA. LMM Toolbox: All of the best stuff we use to manage our money Learn more about your ad choices. Visit megaphone.fm/adchoices
Apr 30, 2018•56 min•Ep 18•Transcript available on Metacast There is a lot of misinformation about the 10,000-hour rule theory of self-improvement, and it turns out now all 10,000 hours are the same. We delve into the truth behind the 10,000-hour rule and show you how to become great at anything. It's not really about the number of hours you put into something; it’s about deliberate practice. Full Article Here Show Notes Arrogant Bastard: An aggressive beer that is probably too good for the likes of you! Learn more about your ad choices. Visit megaphone....
Apr 22, 2018•45 min•Ep 17•Transcript available on Metacast Whenever you hear people talk about buying a home, they insist you need a 20% down payment. But there are ways around that. We will show you how to buy a house without putting 20% down. There are some good reasons to put 20% down when you buy a house. But that isn’t realistic for everyone, and it’s not only rich people who deserve to own a home. If you are dreaming of buying a house but can’t come up with 20% down, there are programs that can help. Full Article Here Show Notes Arrogant Bastard: ...
Apr 16, 2018•43 min•Ep 16•Transcript available on Metacast None of us likes paying taxes, and everyone agrees that the tax code is too complicated. But taxes are not meant as a show of our civic commitment but as a series of incentives set by the government to encourage citizens to do things that grow the economy. And if you look at things that are deductions, buying a home, having a kid, and starting a business, you can see what the government wants us to do to bolster the economy. You know the typical write-offs, but we found 28 tax deductions you did...
Apr 09, 2018•1 hr 5 min•Ep 15•Transcript available on Metacast You’re paying your money manager for his or her expertise, right? They know all the secrets and tricks to picking the right stocks and making the right investments. They know things you will never understand. Well, they don’t. According to the analysis, 99 percent of actively managed US equity funds sold in Europe have failed to beat the S&P 500 over the past 10 years. You need someone with expertise to make sure you don’t lose all of your money when the market is volatile. You don’t. Andrew did...
Apr 02, 2018•55 min•Transcript available on Metacast Maybe you are rich. Maybe you are poor. Maybe you have experienced being both at some point in your life. If you haven’t figured it out yet, being rich isn’t all about money. It’s about well-being, abundance, having time, success, and the right mindset. There are definitely social issues that contribute to poverty, however, rich vs poor mindsets can also drive wealth and success. There are many poor people with a rich mindset, financially poor due to circumstance. And there are many trust fund b...
Mar 26, 2018•1 hr 18 min•Transcript available on Metacast At a certain point, you can’t save any more money; there just isn’t anything left to cut. And really, saving money is not nearly as impactful as making more. So whether you want to increase your income to pay off debt, save for a home, take a vacation, or retire early, we have ways to do it. Here are our favorite money making ideas. Full Article Here Show Notes Cellar 3 Silva: An Imperial stout. Simple Wealth: Research and evaluate rental properties. Learn more about your ad choices. Visit megap...
Mar 12, 2018•1 hr 13 min•Transcript available on Metacast The most valuable thing in the world is knowledge. Everything else in our lives, money, health, things, love, they can all come and go. They can all be taken away from us. The one thing that no one can ever take from you once you have acquired it is knowledge. You can lose your money, all of it, and all of the stuff it brought you in an instant and through no fault of your own. But the knowledge you have earned is something that no one and nothing can ever take from you. Full Article Here Show N...
Mar 05, 2018•47 min•Transcript available on Metacast The two most expensive things in life are taxes and interest, and we want to avoid both. One of the best ways to avoid taxes is by starting a business. We want to illustrate the massive tax advantages allowed to small businesses and how utilizing these advantages can be as beneficial if not more so as compared to traditional retirement accounts. Also, they can be used in conjunction with retirement accounts for an added big advantage. Today we will discuss LLC vs S Corp and the amazing tax benef...
Feb 26, 2018•1 hr 9 min•Ep 9•Transcript available on Metacast LMM loves listener questions. If you’re wondering, other people are too and doing a five questions episodes allows us to reach more of you. Today we have five awesome questions from you. Today we will answer your five awesome questions about individual stocks, student loans, the 4% rule, You Need a Budget, and investing 101. Full Article Here Show Notes Asahi Super Dry: A Japanese beer with a refreshing barely flavor. Tool Box: All the best stuff to manage your money. Thanks guys, we love readin...
Feb 19, 2018•1 hr 2 min•Transcript available on Metacast What the f**k are stock options? Options are one of those personal finance concepts that can be intimidating if you aren’t familiar with it but when distilled down, is pretty straightforward. Our guest today, Kal Zurn, from Sharper Trades will break down what stock options are, how they work, what they are used for and why you should care. Full Article Here Show Notes Harviestoun Ola Dubh Special Reserve 21: An old ale style beer. Tool Box: All the best stuff to manage your money. Learn more abo...
Feb 12, 2018•1 hr 14 min•Transcript available on Metacast There is nothing more nerve-wracking than a job interview. All those questions and always the dreaded, “Where do you see yourself in five years?” Today we’ll have you navigate the minefield that is a job interview. As we have discussed in our future of work episode, the face of employment is changing. More than ever we need to be able to stand apart from the competition. One important way to do that is to improve your interview skills. Full Article Here Show Notes Export Stout Tool Box: All the ...
Feb 05, 2018•1 hr 7 min•Transcript available on Metacast The national debt is big boogeyman during election years but how bad is it really and do you need to worry about it? We hear a lot about the national debt, but many of us don’t really know what it is or how it works. Today we will have an a political discussion on how the national debt actually works. There are all kinds of doomsday scenarios surrounding what would happen if the US were to default, but the likelihood of that is pretty low. It could happen but it almost certainly won't. So like W...
Jan 29, 2018•1 hr 2 min•Ep 5•Transcript available on Metacast Our healthcare system is the worst in the developed world, but you can’t opt out of it. Because it affects us all, we need to discuss the importance of understanding the US healthcare system. Our guest today is here to explain how consumers can take back some control of healthcare costs. David Vivero is co-founder and CEO at Amino a healthcare transparency company working to connect everyone to better, more affordable care. Full Article Here Show Notes Grimm Sour Ale: A double dry hopped ale. To...
Jan 22, 2018•49 min•Ep 4•Transcript available on Metacast When the robots steal our jobs, we will have to have money coming in from somewhere to house and feed ourselves? One way to do that is through universal basic income. Last week we spoke about the future of work when automation wipes out 47% of American jobs. That episode begs the questions, will universal basic income be part of our future? Will free money be the answer to our problem? Today we look at the pros and cons of universal basic income and see how free money will effect out future. Ful...
Jan 15, 2018•1 hr•Transcript available on Metacast Robots are going to take our jobs. Things are changing faster now than even during the industrial revolution. We have to start planning now because the future of work is changing rapidly. This episode is not meant to scare you. It’s meant to prepare you for the changing employment landscape. Breaking the looms is not a long-term solution. Full Article Here Show Notes Double Negative: An Imperial Stout by Grimm Back Flipping Robot: From Boston Dynamics Tool Box: All the best stuff to manage your ...
Jan 08, 2018•58 min•Transcript available on Metacast You can DIY a lot of your financial life, but sometimes you need some help. But you only want to choose the best people when it comes to your money. Today we’re discussing how to interview and hire a financial team. Shannon McLay from Financial Gym is our guest today. Financial Gym provides one on one personal training to help people achieve their financial goals. Full Article Here Show Notes Simple Wealth: Research and evaluate rental properties. Tool Box: All the best stuff to manage your mone...
Jan 01, 2018•58 min•Transcript available on Metacast Data breaches have been in the news recently, and the headlines are scary. Today Farnoosh Torabi joins us to discuss protecting yourself from credit card fraud and identity theft. Farnoosh Torabi of the So Money podcast is the Chase Slate Financial Ambassador. She can give us the insider’s scoop on how to protect our data and our credit scores from fraudsters and even ourselves. Full Article Here Show Notes Grimm Artisanal Ales: A dry hopped sour ale. Tool Box: All the best stuff to manage your ...
Dec 25, 2017•43 min•Transcript available on Metacast Most of us spend too much on food. You can still eat well or maybe better than you currently are, and spend less money. Looking for a way to make cheap meals that hit the spot? The shopping trolley is one of the easiest places to cut spending. Here is our ultimate guide to saving money on groceries and making good food on a tight budget. Full Article Here Show Notes The Science of Cooking Cooked on Netflix Kitchen Confidential Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 18, 2017•55 min•Transcript available on Metacast There are a lot of personal finance terms thrown around that many of us don’t understand so when we hear them, we just nod and smile. But LMM is all about education, so we’re going to devote this episode to understanding economic bubbles. Bubbles are nothing new. The first bubble may have happened nearly 400 years ago. Our episode a few weeks back on cryptocurrencies got us thinking about economic bubbles. It’s an interesting subject so we wanted to delve further into bubbles. Full Article Here ...
Dec 11, 2017•1 hr 3 min•Transcript available on Metacast We spent years accumulating money for retirement, but when we finally get there, it’s all about decumulation, counting down your money. Learn how to retire and what to do with your time and money. We talk a lot about early retirement, but today we’re talking to someone who’s living it. J. David Stein retired at 46 and had since launched his successful podcast, Money for the Rest of Us. Full Article Here Show Notes Money for the Rest of Us: People like us, invest like this. Simple Wealth: Researc...
Dec 04, 2017•1 hr 8 min•Transcript available on Metacast Rental property is LMM’s favorite form of passive income. But if you want to maximize your real estate investments, you’ll have to get a little less passive. We’ve covered many of the basics about rental property, and now we’re going to go deeper. We will explain the BRRR strategy and how cash out deals work. Full Article Here Show Notes My Name is Citrus Maximus:An IPA with a hint of grapefruit. Roofstock: Turn key rental property. Simple Wealth: Research and evaluate rental properties. Learn m...
Nov 27, 2017•52 min•Ep 173•Transcript available on Metacast Today we’re joined by Wes Chapman, founder of A Human Project. Wes shares his story and tells us how getting rid of the victim mentality can bring us greater success. Wes is the founder of A Human Project, an organization that incubates creative, scalable solutions to systemic problems and gathers together the greatest minds to solve global issues in education, health, and society. Full Article Here Show Notes Cappuccino Stout:A heady mix of beer and caffeine. Sour Monkey Victory Brewing: An Ame...
Nov 13, 2017•1 hr 8 min•Ep 171•Transcript available on Metacast We get a lot of great questions from listeners and readers. And if one of you asks a question, dozens of other people have the same question. In order to reach you all, we like to do five questions episodes. So here they are, five awesome questions from you! Is there such a thing as being too frugal, Betterment or Vanguard, how can you save money in college, what should you do with an IRA, where should your emergency fund live? We’re going to find out. Full Article Here Show Notes Tool Box: All ...
Nov 06, 2017•54 min•Ep 170•Transcript available on Metacast Small talk only gets you so far. If you want to improve your career, your relationships, and your life, you have to move past small talk to something deeper. Today we interview two experts on the art of meaningful conversation. Mollie Kinsman Khine and Taylor Buonocore are the inventors of Convers(ate), a game designed to spark conversation. Full Article Here Show Notes Truck Stop: A honey brown ale. Conversate Kickstarter: The campaign is live until November 10, 2017. Convers(ate)'s Website: Ch...
Oct 30, 2017•1 hr 2 min•Ep 169•Transcript available on Metacast Money has been around for thousands of years and now there is a new form of money on the scene. A cryptocurrency is a form of digital money. It uses cryptography to create secure, digital transactions that are in theory, anonymous. That’s why it’s the preferred medium of payment when buying illegal things like drugs on the dark web. BitCoin was the first cryptocurrency, created in 2009 and is the most well-known. But, what even is cryptocurrency? This episode is the newbie’s guide to the cryptoc...
Oct 23, 2017•1 hr 13 min•Transcript available on Metacast 
