Peeling Back Money and Life

In this episode I just want to say thank you to anyone that has listened to Peeling Back Money and Life. Truly appreciate it! At this time I will be take a break for the foreseeable future to narrow my focus and do some deep work to provide more impact to those that I serve and can serve. Thank you, again and take care.

In this episode we are going to be discussing several different types of people when it comes to handling their money. What type of person are you?

In this week's episode we are going to talk about how you can get a guaranteed rate of return wisely and when to question a guaranteed rate of return.

In this week's episode we are going to talk about some practical tips and resources that you can use to talk with kids no matter what the age about money.

In this weeks episode we are going to talk about your emotions. Are your emotions serving you in your life? How do you know whether they are or are not? Lets get into the power of emotions in our everyday life.

In this weeks episode we are going to talk about two different paths. The path to becoming rich and the path to becoming broke. Do you know which one you are on? The answer could surprise you.

In this week's episode I am excited to talk with you about how you can massively improve your life starting today!

In this week's episode, we are going to talk about how to master your cash flow. This is such an important piece in reaching financial freedom that will give you the personal freedom and flexibility that you want to have. This way you can live the life you want and do what you desire when you desire.

In this weeks episode we will walk through important steps that you can walk through in order to make the best vehicle decision over the long-term.

In this episode we are going to go through 11 steps to buying a home the right way. It is important that you don't rush into this big purchase. We will talk about things you can do, should do, and what mistakes you can avoid.

In this episode we will discuss a step by step guide to determining the percentage of how much you should have in stocks and bonds/cash. This is also known as asset allocation. As you will come to learn in this episode asset allocation is very important when looking at a projected long-term return of your investments. It is not an exact science but more of an art when determining from individual to individual what is right. Many great investors of our time will differ slightly in their recommendations. Show Notes

In this week's episode we are going to talk about 10 Investing Rules of Thumb. Use these 10 rules as a guide when you are making decisions. Show Notes

In this week's episode, we are going to talk about using a framework that can help you decide whether to pay off debt or invest your money. We will go through the framework and follow that up with some tangible examples that you can relate to. This framework can also be used whether in other scenarios besides just deciding between debt or investing your money. Show notes

In today episode you will learn what are the most important actions that you can take today and as you go forward in order to provide you a life you desire. The flexibility, confidence, and freedom to do what you want. To live that fulfilling life you have always desired and deserve. Show notes

In today's episode we are going to talk about what investment vehicles aka accounts are available to you. We will discuss how you can navigate which one is best for you and where to initially start. Towards the end we will discuss some self-employed accounts as well. Accounts discussed: 401(k) or 403(b) up to the full employer match. HSA, if you are eligible. Employer's plan if it has good investment options and low fees. IRA, either Roth or Traditional. Backdoor Roth IRA, if you're not eligible for a regular IRA contribution. Taxable account Solo 401k SEP IRA SIMPLE IRA Show Notes

In this weeks episode we discuss credit 101. Specifically why it is important, how you can check your credit score, how you can build it up, and the top Do's and Don'ts. Show Notes

In this week episode we will be discussing the top planning strategies you can take to get ready for college. This is good information for both parent and student. Enjoy! Show notes

In this episode we are going to be discussing the top two ways that you can save for college. Specifically we will be discussing mainly the use of 529 plans and taxable account also known as a brokerage account. Full show notes

In this week's episode we are talking about the steps you should take when choosing investments inside your 401k or any workplace retirement account. We will also discuss 5 big items affecting your investment success. Full show notes

In this week's episode we discuss: How do you know how much is enough Why its so important to know your number What you should and shouldn't be focusing on Lastly, we will be talking about 3 types of people Full show notes

In this episode, we will discuss how to live your desired lifestyle no matter what life stage you are currently living and why too many of us don't get there. Full show notes

In this week's episode you will learn what steps can you take to better prepare for the non-monetary side of retirement. Specifically, what have you seen and heard from those who have retired well and those who haven't retired well. What vision do you have for retirement and how can you make that a reality. What does your ideal week and day look like and a framework that you can use. Full show notes

We all have made mistakes with our money and many times in hindsight wish we would have done things differently. In this episode, you will learn about the top 2 money mistakes people make and how can you overcome them. Magical thinking Financial Dependency For full show notes

In this episode you will learn: What are the three habits that can have a profound impact on your life How to implement them into your life on a daily basis consistently Tools that you can use For full show notes

Obviously, no one wants to even think about the thought of going on with life without their better half. The fear and avoidance lead many people to just ignore it. Due to ignoring it, they end up never actually planning for it. The spouse alive and potential kids are the most immediate ones that are living with the impact for the aftermath. In this episode you will learn: The critical importance of planning in advance no matter your age What steps and strategies you can take right now What you may need to consider as you move through life's stages For full show notes Send us your questions or share your story

When the majority of homeowners refinance they don't look at the whole picture. This episode will help you decide if refinancing is right for you and what process you can take to reach that decision. Ultimately, its about making the right decision for you and your family given your particular situation so your money can work better for you. In this episode, you will learn: The reasons people consider refinancing What you should consider and steps to take prior to refinancing Full show notes here.

In this weeks episode on Peeling Back Money and Life we discuss strategies to access money from retirement accounts prior to age 59.5 and doing it penalty free! Why someone may consider using these strategies. Toward the end of the episode we talk about he pros and cons of the strategies and the steps to achieving them. Check out show notes here.

This week on Peeling Back Money and Life, we discuss the benefits of owning and contributing to an HSA (Health Savings Account). The triple tax savings you could have by owning an HSA. Many of us are use to an FSA (Flexible Spending Account) so we will discuss the FSA vs HSA. Also, you may have heard the terms traditional health plan and/or a high deductible health plan. We will dive into those to give you a better understanding of the differences. Then towards the end of the show we will walk through a real-life example of choosing an FSA vs HSA. This topic of HSA's which has to do with our health needs now and into the future is important for everyone to maximize their money in paying for current and/or future health care costs. Full show notes - https://bit.ly/2Aancaq

In this episode covering debt we will be talking about: Different types of debt How to handle debt and strategies you can utilize

Listen to this episode if you are considering purchasing an annuity, own an annuity, or just to educate yourself in the likely event someone tries to sell you one. In this episode we will talk about: The several different types of annuities Pros and Cons of buying one Options if you currently have one

In this weeks episode we will be: Defining passive versus active investing Discussing how we can deal with investment uncertainty    

In this weeks episode: How can we make the best of uncertain times in our lives whether its COVID-19 or the next thing What are some strategies and tactics that we can utilize to not just survive but to thrive and come out better in the end

In this episode, we are going to be talking about   Different types of investment professionals What you should be looking for What you should ask them Check out this episode!      

In Part 1 we discussed how to make the most of your investments during COVID-19 In this episode Part 2 we will discuss maximizing your life during this time. How are you dealing with all of this uncertainty. Call to Action:  Look at your nighttime and morning routine?  Do you have one? Take a look at the miracle morning or 6-phase meditation.  Making it your own is key, but those are good frameworks to get you going! Check out this episode!

In Part 1 of making the most of COVID-19, we will discuss how to make the most of your investments. What to do when markets take big twist and turns What actions you should take In part 2 next week we will discuss maximizing your life during this time. Check out this episode!

In this episode, we will discuss how to withdrawal money while you are in retirement to fund your lifestyle. How to withdrawal with keeping taxes in mind Withdrawal strategies Withdrawal in different market environments - bull or bear

“If you believe you can change - if you make it a habit - the change becomes real.”  -Charles Duhigg In today's episode we will cover: How to create a good habit How to break a bad habit Habit stacking Habit Tracking

In today's episode, we are talking about how to design your best life.  Your ideal life. My experience with: Have - do - be  Personal vision Lifebook - 12 dimensions of our life Show Notes: “Do what is hard and life is easier, do what is easy and life is much more difficult”.  

Did you figure out your asset allocation from our last episode?  Was it where you wanted it to be? How far off was it?  Did you define your rebalancing strategy? Committed to stick to your asset allocation and rebalancing through thick and thin in both bear and bull markets?   In this episode we will cover: The cost in our investment portfolio: the different type of fees, how to determine the costs, importance of knowing the costs and how to lower your costs How taxes play in role in your portfolio  How to reduce your tax burden through tax efficient investing

Quick Recap of Episodes 5 and 6 where we talked about investing:  Make sure you are learning from the right resources Independent resources: i.e - John Bogle, Burton Malkiel, Charles Ellis, William Bernstein, Larry Swedrow, Daniel Solin, Rick Ferri, David Swensen, Frank Armstrong III, Warren Buffett Avoid the salespeople and being careful on how much media you tune into and listening to family and friends Did you take a look at your investments and any debt you have out there?  Factor in opportunity costs Remember to keep your emotions at bay (Fear, Greed, Overconfidence) Recent market events Review the terminology I included in the show notes on episode 5 (recency bias, reversion to the mean, alpha, loss aversion, expense ratio, cost basis, asset allocation, negative correlated assets, rule of 72, rebalancing, efficient market hypothesis, modern portfolio theory In this episode we will cover: Importance of asset allocation and what it is How to get your ideal asset allocation Rebalancing method(s) Historical returns of cash, bonds, stocks, real estate - plus and minuses of each of those investments Resources: Fame and French. Historical Averages based on different asset allocations. For more information on the episode visit: https://peelingbacklayers.com/podcast/

Did you take that one piece of action from episode 5 and pick up a book from an independent resource?     Try to read 1-2 financial books a year on minimum and astounding things will happen over your lifetime.  The compounding effect of accumulating knowledge from the right sources can change the course of your life, your families lives, and the lives you come in contact with across your lifetime.   In this episode we will cover: Characteristics of a sound investor Investment Terminology Risks when it comes to investing   For the show notes go to: https://peelingbacklayers.com/6-becoming-a-sound-investor/

Where have you picked up your education on investing and money up until this point? What rating would you give yourself? How do you tell good advice versus bad advice?   In this episode we will cover: What to do before you start investing your money Key attributes of a great investor Resources on investing Types of investments For the show notes go to: https://peelingbacklayers.com/5-how-would-you-rate-your-knowledge-as-an-investor/

In this episode we will talk about:   How to figure out your current savings rate How to increase your savings rate Why would you want to increase your savings rate Our strategy for consistently saving a huge chuck of our money each year What is the minimum savings rate you should strive for    

In this episode we will talk about: 1) Where the average american spends their money according to the Bureau of Labor Statistics - particularly the big 3 areas. 2) How can we as consumers do a better job of spending and planning in those areas

What is financial independence?  Why reach for it and how to do it?  How much do you need to reach financial independence? Those will be some of the questions that we answer it today's podcast.  I will talk about strategies that you can start implementing today to begin this journey and/or to speed it up if you are already on it.

To kick off this podcast we are going to talk about goals and values for our money and our life. We will be covering the following: What do you value in life? What are your goals inf life? What are your goals for money? What are your money values? Are your goals and values congruent with each other? Is how you interact with money reflective of your values? Looking forward to getting your feedback and learning together on this journey.