Podcasts about everydollar

“Navigating Tight Margins with Financial Mastery” dives straight into the realities of today's ag economy. Grant Wiese joins the Farm4Profit crew to unpack how producers can manage risk, make data-backed marketing decisions, and plan for the future—even when margins are razor thin.Listeners will hear how knowing your true cost of production can transform decision-making. Many farmers can quote a yield goal, but few know their exact breakeven per acre. Grant explains why that's dangerous, especially when a small swing in grain price—say, $4.25 vs. $4.75 corn—can make or break profitability.We explore:What separates top-performing farms from the rest: discipline, review frequency, and financial clarity.The tools and tactics that make cost tracking doable, not daunting—like Farm 640's break-even calculators, enterprise analysis, and scenario planning tools.How to decide whether an input (like fungicide) is worth it—or if it's better to pocket the margin.Strategies for 2026 planning, especially for those facing lender pressure or uncertain financing.Grant also addresses one of the most overlooked challenges in ag finances: family living costs. Are they still silently eating into farm cash flow? And how can farmers balance growth and survival when every acre and dollar count?

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In this solo episode, I dive deep into one of the most vital life skills we can teach our kids—financial literacy. From Halloween costumes to quarterly financial reviews, I walk you through my real-life journey of raising four boys with a focus on money management, financial responsibility, and the value of earning over entitlement. This isn't about theory—it's about what I've tried, what's worked, and the lessons I've learned the hard way.   Whether your kids are 5 or 19, this episode delivers actionable ideas and candid reflections to help you guide your children toward a financially empowered future. If you've ever wondered how to talk to your kids about saving, spending, budgeting, or even compound interest—this is the episode for you.   Timeline Summary   [0:00] - Introduction [1:27] - Feeling unequipped as a dad when it comes to teaching kids about money [2:22] - Shocking statistics about the state of money management in America [4:04] - A peek into how I started teaching money to my younger kids [6:10] - The Halloween costume system: chores for rewards [8:48] - Teaching the value of delayed gratification through real choices [10:07] - Why even young kids can handle more responsibility than we think [12:01] - Using a simple allowance system to teach saving, giving, and spending [12:47] - Bringing my teens to financial advisor meetings [13:51] - The impact of exposing kids to real-world financial conversations [14:36] - Teaching compound interest and the power of investing early [15:18] - Setting up budgeting tools like EveryDollar for teens [15:57] - My son's dog-walking side hustle—entrepreneurship at 17 [17:02] - Why real-life problem solving is the best financial teacher [18:33] - Encouraging kids to budget their own money and learn from mistakes [19:46] - New free resource: “25 Questions for the Car” to spark connection [21:03] - Final thoughts and heartfelt thanks to the community     5 Key Takeaways   1. Start Early with Financial Lessons Even young kids can begin understanding the basics of money through age-appropriate systems like chores for rewards, visual goal tracking, and simple budgeting methods. It's never too early to introduce financial literacy. 2. Teach Earning Over Entitlement Using real-life goals—like Halloween costumes or name-brand shoes—can help kids grasp the concept of earning. When kids work for what they want, they value it more and learn essential decision-making skills. 3. Make It Real for Teens Bringing your older kids into financial conversations, like advisor meetings or discussions about interest and investing, empowers them to make smart money decisions now and in the future. 4. Use Tools That Promote Independence Programs like EveryDollar are great for helping teens budget and track their spending. This teaches them accountability and gives them a sense of control over their finances. 5. Connection Is the Catalyst for Teaching Use intentional questions and shared activities to create moments of connection. When you're interested in your kids' lives, it opens the door to deeper, more impactful conversations—including those about money.         Links & Resources   Free Resource: 25 Questions for the Car — https://thedadedge.com/1389 Budgeting Tool: EveryDollar — https://www.everydollar.com/ thedadedge.com/kidquestions       If this episode helped you shift your mindset about parenting and money, take a moment to rate, review, and share it with another dad who could benefit. Your support helps us reach more fathers who are ready to lead with intention.   Live Legendary.

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