Show Sponsor: Steadily Insurance- https://www.steadily.com/Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!Today is another session of our latest series of the podcast, the B.R.E.D Investing Community Highlight. This will consist of clips from our master classes in the B.R.E.D Investing Community. In this session, Ogechi Igbokwe talked about the importance of setting goals and paying off debt while investing. So many people think they can't pay off debt while investing in real estate. This is not necessarily true and Ogechi explains how she did it in this session. So much game was dropped in this clip, so make sure you tune in! If you enjoy the clip, you can hear the full session by joining the B.R.E.D Investing Community for only $1.Start your 7-day trial of the community for only $1 -> https://bit.ly/joinbredcommunity
Should you take out a 401k loan to pay off your debt? And does it matter what the kind of debt is? Today we're going to tackle this common question and more to help you figure out your finances. Read more and get additional financial resources here: http://smartmoneyquestions.com Listen for these key points: 2:20 – 401k loans 5:16 – Exhaust other options 10:05 – Selling property
At 37 years old, Paula is earning $92,000 a year working in tech, But, she's spent years battling more than $60,000 in debt. Paula bought a piece of land in 2021 and wanted to build a small house on it, but hasn't been able to find the time or funds to do so. Evy Kwong speaks with financial adviser Jason Heath for recommendations. All of our participants have been granted anonymity, and so we'll be using voice actors for their quotes.
On today's podcast episode Ogechi shares how she purchased her first property at 21 and paid off her $26,000 student loan debt by leveraging real estate. Today, Ogechi is a personal, finance educator, real estate investor, coach, and founder of OneSavvyDollar. She primarily helps renters who want to become homeowners or real estate investors and homeowners who want to become real estate investors so they can build real wealth. She now has a real estate portfolio that generates a six-figure revenue. WHAT OGECHI DISCUSSED: How she got into real estate at age 21 The steps she took to leverage her real estate earnings to pay off $26,000 in student loans Her current real estate portfolio and some memorable experiences AND MUCH MORE HOW TO KEEP UP WITH OGECHI Via her website: onesavvydollar.com On Instagram: https://instagram.com/onesavvydollar The reel of her rehab: https://www.instagram.com/reel/CaIOoQAlyVv/?igshid=YmMyMTA2M2Y= ❤ Get the best-selling Clever Girl Finance Books: https://clevergirlfinance.com/books ❤ Get access to 30+ free courses, worksheets, savings challenges, and our favorite banking resources: https://clevergirlfinance.com/course-packages/ ❤ Read the Clever Girl Finance Blog: https://clevergirlfinance.com/blog ❤ Follow us on Instagram: http://instagram.com/clevergirlfinance
Keina Newell is our guest on the 287th episode of The Copywriter Club Podcast. Keina is a financial coach who helps professionals and solopreneurs with their money. With over $75,000 in student loan debt on a teacher's salary, Keina knew she had to make a big change if she was ever going to achieve financial freedom. Whether you want to pay off debt, save and invest money, or a bit of all three, this episode will give you practical tips on doing just that. Here's how the conversation goes: A career that is passion aligned but also helps you accomplish financial goals… real or myth? What is the purpose of money in our lives? How to backwards plan where you want to be financially. The steps to getting granular with your financial goals. Why you should pay yourself as an employee. 3 types of budgets and how to break them down. When to start building a financial system. An emergency fund for business vs personal. Taking a leap vs safety first: which are you? How to plan for expenses that come with being self employed. Where should we be investing when we DO have money to invest? How to create a money hell YES and a hell NO list. Why this one thing will impact your investment style. What about debt? Where does it fit into our financial plan? How to reframe your mindset around debt and change the money stories we grew up with. What it really means to charge less for your skills and how it will affect your future. 3 questions to ask yourself when deciding whether to cut down vs earn more. How to decide where your financial gap is. What to think about before hiring contractors. Why you need to start dating your money. Budgets – what's that all about anyways? How to actually reach your financial goals. Financial tips for beginners – what are the first steps? How to start up money conversations with business partners. This episode is full of actionable steps to further our financial journeys, be sure to hit play or check out the transcript below. The people and stuff we mentioned on the show: The Copywriter Think Tank Copywriting Income Survey Kira's website Rob's website Keina's website The Copywriter Club Facebook Group The Copywriter Underground Sign up for Typeform Episode 110 Full Transcript:
Dave Ramsey & George Kamel discuss: Tackling your student loans, What to do about job burnout, Navigating vehicle needs for your business. Support Our Sponsor: Zander Insurance: https://bit.ly/2Xbn7hD Newton: https://bit.ly/3BnPn1k Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6
Bill and Anastasia tackle several questions from listeners in this two-part series. In Part One, they discuss rolling over a 401(k) account, how to prioritize credit card repayment, contributing to a Roth vs. a traditional IRA and how to prioritize contributions to various retirement accounts, and whether to get a second credit card. Bill and Anastasia have covered each of these topics generally in previous episodes, but it can help to hear how others are applying these concepts in specific situations. For relevant former episodes to today's questions, check out "How to Manage Your 401(k)," "Pay Off Debt vs. Start Investing," "Investing in Common Stock" two-parter, and "What Should You Know About Credit Scores?" To submit your own question for a future episode, you can email us at firstname.lastname@example.org.
Want to learn how organization and decluttering can help you reach your financial and other goals? Then you're in the right place! Join Deanna and I, where we will be going over: * How to get started with decluttering and what impact this can have on your financial goals * Tips on deciding what to sell, what to get rid of and how you can price your items appropriately * 3 awesome organization tips: the container method, setting up a command center and organizing your pantry * And finally the big takeaway on incorporating these things to become habits so you achieve your goals with ease “You've got to figure out why you're wanting to save money and your goal has to be bigger than the pain that it's going to take to overcome that hurdle.” - Deanna Yates Deanna Yates is the founder and CEO of Wannabe Clutter Free and the host of the popular podcast, the Wannabe Minimalist Show, where she helps busy families learn how to let go of the stuff holding them back so they can enjoy more time together, stop spending their weekends cleaning house, and wake up excited for the day ahead. Deanna is mom to one daughter, wife to a startup entrepreneur, and is living her dream life in San Diego, CA. When she's not helping clients realize their dreams, you can find her paddle boarding, searching for the tastiest breakfast burrito, or balancing her love of world travel with her love of snuggling on the couch. Timestamps 00:03:19 - Deanna's Introduction 00:04:43 - How to get started with decluttering and how that translates to your finances 00:06:36 - The first thing to do before looking at your stuff 00:09:41 - Deciding on what to sell or get rid of 00:11:51 - How to price the things you're selling appropriately 00:15:16 - Organization tip: the container method 00:19:15 - Organization tip: setting up a command center 00:25:39 - Organization tip: organizing your pantry and setting up a snack area 00:27:46 - Last words of wisdom on achieving financial and decluttering goals. How to incorporate these things to become habits. For easy step by step directions and worksheets on getting your budget together and done in 30 minutes a month, download my FREE Budget Starter Kit on budgetsmadeeasy.com/start And if you enjoyed the podcast today and got some great takeaways, I'd really appreciate it if you followed the Money Mindset Podcast so you don't miss out on future episodes. Resources and Links Mentioned: FREE Budget Starter Kit - http://www.budgetsmadeeasy.com/start Book Recommendation: Daring Greatly by Brene Brown - www.amazon.com/dp/1592408419 Atomic Habits by James Clear (aff link) https://amzn.to/3wR3EmW Connect with Ashley: Instagram - www.instagram.com/budgetsmadeeasy Special Guest: Deanna Yates.
Jackie Beck tells you how to escape the minimum payment trap Episode 1856: The Minimum Payment Trap: Escape it to Change Your Money Story by Jackie Beck on Paying Off Debt Jackie and her husband paid off over $147,000 in debt, including their house! She's walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app have been featured in Oprah Magazine, MarketWatch, Forbes, CNBC, and more. The original post is located here: https://www.jackiebeck.com/the-minimum-payment-trap/ Visit Me Online at OLDPodcast.com Head over to verygoodbutchers.com, and use the code “Optimal” at checkout for 20% off on their butcher shop quality plant-based meats. Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Topics Discussed With a Dave Ramsey Financial CoachGet Out of DebtSet Up a Monthly BudgetPrepare for RetirementPersonal Finance Coaching TopicAs Leah highlights, make something visual; make yourself a vision board if you're visual. And the other thing is to give yourself like victory prices. When you figure out what 100% of your debt is, and then when you get to 25% of that is paid off. Take a hundred bucks away from your dog, that snowball, and go do something fun.I highly recommend you to check out the (FREE) Productivity QuizSometimes we feel like we're not productive enough - but maybe your method does not suit you! Click the link to find your perfect productivity method!Key points in Reaching your Financial Goals:Plan for the future: start saving but do your budget. Don't start saving until the debt collectors. Pay off debt collectors, then start saving for college and paying off your house in your retirement. If you look at Dave Ramsey, he's got the steps in order to do it that way. It's convenient because it's 1, 2, 3, 4, 5, 6, 7, and you're done. So do it in the order.What would be the fastest, most efficient way to get debt taken care of?There are lots of options. But it's most common to start with baby steps. There's the debt avalanche, the debt snowball. There's like a pay by the monthly premium payment plan. Whichever one keeps you motivated, that's the one that's going to be fastest because if you don't stay motivated, you're going to stop halfway through.Personal Finances Profits!Listen to this week's Total Fit Boss Chick podcast episode to learn about personal finances.Connect with Leah:https://www.facebook.com/EndeavorFinancialCoachinghttps://www.linkedin.com/company/endeavor-financial-coaching/?viewAsMember=truehttps://www.instagram.com/endeavorfinancialcoaching/https://www.endeavorfinancialcoaching.com/Want more ways to make life easier?: (FREE) Productivity Quiz (https://totalfitbosschick.com/productivityquiz/)(FREE) Digital Planner Download (https://www.totalfitbosschick.com/onedayatatime)(FREE) One Page, One Hour Business Plan https://totalfitbosschick.com/free-one-page-business-plan-template/Customer Journey Map Template Productivity Sheets (https://totalfitbosschick.com/productivitysheets/)Habit Builder Tool Kit (https://www.totalfitbosschick.com/habitbuilder/)
Rachel Cruze & John Delony discuss: Paying for kids' college, Paying off your car or selling it, The absurdity of "digital fashion," Handling a 401(k) from a previous job. Support Our Sponsor: Christian Healthcare Ministries: https://bit.ly/2XBZfE3 Zander Insurance: https://bit.ly/2Xbn7hD Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6
About the Episode: In this episode, we are discussing “Known Upcoming Expenses”, or KUEs. In our Current Event Segment, we are talking about how today affects the future. Our success story comes from David and his wife, who have had a successful first month of budgeting and are excited to start saving! Resources: FULLY FUNDED LIFEIWBNIN Ladder Proverbs 6:6-11: Download Image Related Monday Money Tip Podcast Episodes:Episode 189: This or That? Save or Pay Off Debt? Episode 182: Level of Expectation Determines Level of PreparationEpisode 143: 5 Steps to Avoid Budget Busting Expenses Email email@example.com to ask questions or share success stories.
The world of investing can seem intimidating, especially if you're just getting started. It doesn't have to be. If you understand the basics, you will feel more confident taking your first steps to building the future you want. Selae Thobakgale hosts this episode of In conversation for young professionals. Investec for young professionals
Ken Coleman & George Kamel discuss: Selling an $18k shoe collection to pay off debt, What to do when your boss doesn't like you, Refinancing a Parent PLUS loan, Reinvesting business profits. Support Our Sponsor: Newton: https://bit.ly/3BnPn1k Zander Insurance: https://bit.ly/2Xbn7hD Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6
In this episode you'll discover how Matthew Anderson has used insurance companies' money to pay off debt, finance major purchases and more, all at 33 years old in just 6 years. Hear why there is no perfect investment, and why you just need to find something that you can live with. If want to learn more then the best thing to do is to listen to the full episode here: https://youtu.be/MF9RiZdYVzI --- Let us tell you about a new course that just landed in the CreateTailwind community called, TaxInvisitble. In this course Jim Oliver, founder + coach at CreateTailwind, shares why we need to be TaxInvisible and how IBC gets you there. With taxes continuing to go up, they become more of an attack on our wealth. What ‘they' are telling us to do with our money isn't right. In this course you'll learn: - What's happening with inflation and taxes - Where to store your money - Why we have to take advantage of every opportunity with the current internal revenue code. - What actions to take to break away from the herd Reverse the lie, learn what the wealthy already know, learn to be Taxinvisible. Connect with Jim Oliver: Facebook: CreateTailwind & Jim Oliver Website: https://createtailwind.com/ YouTube: CreateTailwind LinkedIn: Jim Oliver Join the Community: https://community.createtailwind.com/
When it comes to investing, should we pay off debt first and fast or slow and last? This is a question that might cause you to pause and wonder if and how you should begin your financial freedom journey. And the truth is, there is no right or wrong way to answer it. In this episode, I share:- my husband's and my debt load- how we decided whether or not to pay off debt first or invest- ways you can decide which route is best for youConnect with Me!IG: @drclaudiepascalYoutube: The Rich Black Doc
It's Sunday, which means...it's recap time here on the Retirement Quick Tips Podcast This week the theme was: How To Use Stock Market Volatility In 2022 To Your Advantage In case you missed any episodes, here's what we covered this week: How Volatility Differs From Risk Rule # 1: Don't Panic. Rule #2: Don't Forget Rule #1 How To Buy Low & Sell High In The Real World The Discerning Stock Market Bargain Hunter Doing This One Thing Could Save You A Million Dollars The most important takeaway from this week is: Tomorrow, come on back, because we're starting a brand new theme: Is It Too Late To Buy Real Estate? My husband and I were having a discussion the other day about real estate. Back in 2017, when I was making plans to leave my old firm, I briefly considered buying property for our office space, but it would have been too many changes all at once, so we leased office space instead. Hindsight is always 2020, and real estate - especially where I live - has gone crazy since that time. Which begs the question…is it too late to buy an investment property or that beach house you've always dreamed of? We'll explore that question next week. Thank you so much for listening this week! If this podcast is valuable for you, please share the show with a friend, a neighbor, your brother, or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement. Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast. ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance
Andrew of Dollar After Dollar shares the fastest way to pay off debt. This is part 2 of 2. Episode 1829: [Part 2] How to Pay Off Debt The Fast Way by Andrew of Dollar After Dollar on Rewarding Your Future Self Andrew is the author behind Dollar After Dollar, a blog that teaches you how to build wealth and gain financial freedom. Andrew is the host of The Personal Finance Podcast, a show that is changing the way you think about your money. His primary goal with the podcast is to bring as much value as possible to his listeners. The original post is located here: http://www.dollarafterdollar.com/how-to-pay-off-debt-the-fast-way/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Andrew of Dollar After Dollar shares the fastest way to pay off debt. This is part 1 of 2. Episode 1828: [Part 1] How to Pay Off Debt The Fast Way by Andrew of Dollar After Dollar on Rewarding Your Future Self Andrew is the author behind Dollar After Dollar, a blog that teaches you how to build wealth and gain financial freedom. Andrew is the host of The Personal Finance Podcast, a show that is changing the way you think about your money. His primary goal with the podcast is to bring as much value as possible to his listeners. The original post is located here: http://www.dollarafterdollar.com/how-to-pay-off-debt-the-fast-way/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
About the Episode: In this episode, we're going to focus on the money lie: “this is no big deal.” In our Current Event Segment, we're discussing the U.S. National Debt and how it's cleared $30 Trillion, and what that means for you. Our success story comes from Will, who paid off his student loan debt and finally paid cash for his upcoming vacation. Resources: FULLY FUNDED LIFEIWBNIN LadderUS Debt ClockArticle: Average Car PaymentArticle: Auto Loans - Average Monthly Car Payment Related Monday Money Tip Podcast Episodes:Episode 157: Funding Your BIG DreamsEpisode 159: Identifying Money WoundsEpisode 160: Healing Money WoundsEpisode 166: Things I'd Do DifferentlyEpisode 189: This or That? Save or Pay Off Debt? Email firstname.lastname@example.org to ask questions or share success stories.
It's Sunday, which means...it's recap time here on the Retirement Quick Tips Podcast This week the theme was: Save More or Pay Off Debt Before Retirement? In case you missed any episodes, here's what we covered this week: Spoiler Alert! Pay Off Debt 3 Reasons To Pay Off Debt Before Retirement Paying Off Debt Gradually vs. Lump Sum Finding Out How Long It Will Take To Pay Off Debt Debt You Should Never Have In Retirement The most important takeaways from this week are two: First, eliminating debt in retirement is one of the best ways you can minimize your expenses and maximize your freedom in retirement, and 2nd: you're likely better off focusing on paying off your debts in the last few working years that you would be if you devoted that money to saving more in your 401k. Tomorrow, come on back, because we're starting a brand new theme: Let's talk volatility! To say the stock market has been volatile so far in 2022 is an understatement. So next week I'll talk about volatility, why the way most people think about volatility is wrong, and how you can use volatility to your advantage. Thank you so much for listening this week! If this podcast is valuable for you, please share the show with a friend, a neighbor, your brother, or co-worker who is getting close to retirement. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement. Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast. ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance
The theme this week on the Retirement Quick Tips Podcast is: Save More or Pay Off Debt Before Retirement? Today, I'm talking about finding out how long it will take for you to pay off your mortgage - or any debt for that matter. The secret is using an amortization calculator. Here's how the amortization calculator works with your mortgage: Let's say you have 15 years left on your mortgage and you're 9 years from retirement. How much would you need to add to your monthly payment to pay off your mortgage the same month that you plan to retire? When you use an amortization calculator which you can easily find online for free, you can enter extra payment amounts to figure out how much you would need to add to your mortgage every month to pay it off early by a certain date. When you actually run the numbers with an amortization, you might be surprised to learn that knocking those 6 years off your mortgage is totally doable, and not as burdensome as you might have expected. For example, if you have 15 years left on your mortgage with a mortgage rate of 3.25% & a monthly payment of about $1740/mo, if you add another $1000 to your monthly payment, it shaves 6 years off, timing your mortgage payoff with when you retire. I ran this calculation in under a minute using my favorite amortization online calculator. Now you might balk at this because adding $1,000 to your monthly payment is a lot, but you're most likely in your peak earning years so you're making more money, and I'm also assuming that you're saving less in your retirement accounts. Remember, you do need to run the numbers for yourself to make sure that it makes sense, but I can tell you for most people who are just a handful of years away from retirement, most of the time it pays to eliminate that mortgage payment, even if it means saving less in your 401k. I'll link to my favorite amortization calculator in the show notes, so you can run the numbers for yourself. You can find the link and all the show notes for this episode - episode 1237 - in Apple Podcasts, Spotify, or most places where you're listening to this podcast. Mortgage Amortization Calculator (from Bankrate) >>> https://www.bankrate.com/calculators/home-equity/additional-mortgage-payment-calculator.aspx That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance
Just imagine that you had an extra one thousand dollars in the bank, perhaps it was a gift, you saved it, and or it was a side hustle that was in play. So, what would you do with the money? This happens to people every day and it could happen to you. Below you will find a few ideas I am recommending as to how you can manage your extra one thousand dollars:Some online banks do not charge fees for banking with them because they don't have a lot of employees or staff, thus they can afford to pay you a high-interest rate on your deposits, some of them pay up to three percent interest.Invest in real estate, not houses, rather commercial real estate. You read this right and you can deposit as little as five hundred dollars to invest in a percent share of various properties located around the United States.Pay off some of your debtsDeposit a thousand dollars in an emergency fundRetirement account, 401k, Roth IRADeposit into a college fund (529) program for your childrenInsurance is a wonderful investment, get a whole life policy, talk to an insurance agentGet an estate plan, use the extra 1k to hire a lawyer to develop a plan for you and your familyStart a side hustleInvest in yourself, learn a new skill that can generate income for you.Money respects movement, thus if you have an extra one thousand dollars use it to grow your wealth. Are there more ways to grow your money? Yes. Anyhow, I hope this helps you out, enjoy and see you on the next episode of the Wealth Academy Podcast.Discover more about Paul's virtual Financial Fitness course at this link, perhaps it can make a difference along your financial journey: https://bit.ly/3dbperG
The theme this week on the Retirement Quick Tips Podcast is: Save More or Pay Off Debt Before Retirement? Today, I'm talking about my top 3 reasons why you'll be glad you paid off your mortgage before retirement. If it's just not possible to pay off your mortgage before retirement, paying it off as soon as possible - even if that means you won't pay it off until year 5 or year 8 or even year 10 of retirement is still worth the effort…because the month that you can end that big mortgage expense is the month where your money is freed up for more discretionary and fun things. Which brings me to my 1st reason why you'll be glad you paid off your mortgage ASAP, which is the freedom and flexibility it gives you with your spending. The median mortgage payment for Americans in 2019 was $1,609/mo. That's over $19,000/ year thats going to your mortgage payment. For most Americans, their income is lower in retirement compared to their working years, so if you still have that mortgage payment every month, it's eating into your fun money. The 2nd reason why you want to pay off your mortgage as soon as possible either before or in retirement is because it's likely your biggest monthly expense. Many Americans don't live satisfying retirements, often due to health reasons or they simply can't afford to do much else other than sit in front of the TV all day. But when you free up what's likely your biggest monthly expense, you have more money to do meaningful things like travel, or pursue a hobby, or just buy plane tickets to visit your grandkids a few times a year without the guilt. The mortgage payment is fixed. Unless you sell your house, move and downsize, you're not going to be able to stop making those payments, so if you can get rid of that big expense it's going to give you so much more flexibility and breathing room with your finances. The 3rd reason why it's a good idea to pay off your mortgage is peace of mind. When you get rid of your mortgage payment, most of your other necessities are far less expensive, so you have more flexibility with your spending. Let's say your income in retirement is $5,000/mo from various sources. If $1,500 of that is going toward your mortgage and you wipe that out, now a lot more of your income is going toward discretionary spending, vs. spending on needs. That means if you want to take a big trip, or there's a recession and you need to reduce your portfolio withdrawals, you won't feel the pain because you have the breathing room to cut your income and spending, since most of it is now discretionary, with maybe only ⅓ or ½ going toward necessities like groceries, bills, gas, taxes, etc. That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance
Our guest on the podcast today is consumer advocate and personal finance expert Clark Howard. Clark has been hosting the nationally syndicated radio show and podcast The Clark Howard Show since 1989. He's also the author of 10 books, three of which have been New York Times best-sellers. He also sponsors the Consumer Action Center, which is a free resource for advice on money and consumer issues. He received his B.A. in urban government from American University, and his MBA from Central Michigan University. BackgroundBioClark.comThe Clark Howard PodcastBooks by Clark Howard Home Ownership, Debt, and Investing“Should I Pay Off Debt, Save Money or Invest?” by Christopher Smith, clark.com, Feb. 18, 2021.“How to Pay Off Debt and Save Money on a Fixed Income,” by clark.com staff, clark.com, Nov. 25, 2020.“Key Rules for First-Time Homebuyers and Investors in Real Estate,” by Clark Howard, clark.com, March 22, 2017.“Clark Howard Has Advice if You're Looking to Buy a Home Amid the Pandemic,” by Sarah Thompson, wokv.com, Sept. 29, 2020.“86% of Renters Can't Afford to Buy a Home: Here's How You Can Prepare,” by Charis Brown, clark.com, April 17, 2017.“Should I Buy a House in This Crazy Real Estate Market?” by Craig Johnson, clark.com, Feb. 21, 2022.“Clark Howard's Special Rule for Refinancing Your Mortgage,” by Nick Cole, clark.com, Aug. 28, 2020.“How Old Is Too Old to Take Out a Mortgage?” by Craig Johnson, clark.com, Nov. 1, 2021.“When Is It OK to Have a Mortgage in Retirement?” by Clark Howard, clark.com, March 22, 2017.“Should I Pay Off My Mortgage Before I Retire?” by Wes Moss, clark.com, Feb. 20, 2019.“What Is a Reverse Mortgage and Is It Right For Me?” by clark.com staff, clark.com, June 19, 2020.Cars“3 Things to Know Before You Lease a Car,” by John Cress, clark.com, July 20, 2020.“New vs. Used Cars: Which Should You Buy?” by Dallas Cox, clark.com, Jan. 24, 2022.“New Report: These 2022 Vehicles Are the Best for the Money,” by Craig Johnson, clark.com, Jan. 21, 2022.“Are You Following Clark's Maximum Auto Loan Length Rule?” by clark.com staff, clark.com, April 27, 2021.Saving Money“Free Budget Worksheet: The Clark Method to Create a Monthly Budget,” by clark.com staff, clark.com, Feb. 18, 2021.“How to Save and Invest the Clark Howard Way,” by Christopher Smith, clark.com, Jan. 25, 2021.“15 Financial New Year's Resolutions for 2022,” by clark.com staff, clark.com, Dec. 17, 2021.“8 Spending Habits People Are Changing After Coronavirus,” by Craig Johnson, clark.com, June 19, 2020.Investing and Retirement“How to Start Investing and Saving for Retirement,” by clark.com staff, clark.com, May 20, 2021.“How Retirees Can Combat Inflation,” by Christopher Smith, clark.com, Dec. 1, 2021.“What Is an Annuity, and Why Does Clark Think They Stink?” by Christopher Smith and Clark Howard, ajc.com, May 27, 2021.“Why Clark Howard Is Obsessed With Roth for Retirement Savings,” by Christopher Smith, clark.com, Feb. 23, 2022.Finding an Advisor“How to Find and Choose a Financial Advisor,” by Christopher Smith, clark.com, March 25, 2021.“How Much Does a Financial Advisor Cost?” by Christopher Smith, clark.com, Feb. 24, 2021.Travel“Follow Clark Howard's #1 Rule to Travel Cheap,” by clark.com staff, clark.com, Jan. 28, 2022.“How to Plan a Trip: Clark's Best Travel Tips to Save Money,” by clark.com staff, clark.com, June 10, 2021.
The theme this week on the Retirement Quick Tips Podcast is: Save More or Pay Off Debt Before Retirement? Today, I'm answering the question of should you save more for retirement accounts in your last working years leading up to retirement, or should you focus instead on paying off your mortgage? According to 2019 US census data, the median monthly mortgage payment is $1,609. That's $19,308 mortgage expense per year. If you have 15 years left on that mortgage, you're going to need about $289,620 to pay that off. For most Americans, housing is their largest expense, making up about ⅓ of all household expenses for the average American family. So if you keep that mortgage expense into your retirement years, that's going to mean a good portion of your fixed monthly cash flow is going to pay the mortgage. Let's say you're 6 years out from retirement, you have 15 years left on your mortgage. If you really get aggressive with your mortgage payments, maybe you can pay it off in 8-10 years. This means that you won't have a mortgage anymore a couple years into retirement. That will free up the $1,609/mo you were paying toward your mortgage and leave you with a lot more breathing room with your finances and your expenses. Most of the time, even if it means cutting back on your retirement savings in your final working years, the math will pencil out better for you in retirement if you can eliminate your mortgage vs. saving more in your 401k. And the closer you are to retirement and paying off your mortgage, the better off you'll likely be if you pay off your mortgage and focus on that, rather than saving more for retirement. The reason is that you need so much more in assets and income in retirement if you keep that mortgage, and because you're only a few years from retirement, you're not going to have as much growth on the money you save today, compared to the growth on the dollars you saved in your 30s and 40s. If you're not yet convinced because the interest rate on your mortgage rate is so low, or you like that tax deduction, or you think you can earn better returns by investing the money instead - those are all valid objections, so tomorrow I'll talk about my top 3 reasons why you should pay off your debt - especially mortgage debt as soon as possible if you're nearing retirement. That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast. ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance
An interview Tommy did with Dr Abeyna Bubbers-Jones where we discuss Download the ebook mentioned in todays episode https://www.medicsmoney.co.uk/ebook/ How Medics' Money started How Tommys own financial crisis led to Medics' Money Why footballers, artists and doctors have in common. Why inflation is destroying doctors wealth Pay off debt or invest Simplify building your wealth - spend less than you earn, invest for the future and protect your most valuable asset.
Welcome to a new week here on the Retirement Quick Tips podcast. I'm your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $340 million in client assets. I'm a Chartered Retirement Planning Counselor, and I started this podcast because I love helping people just like you gain clarity and make a plan for the retirement you envision. The theme this week on the podcast is: Save More or Pay Off Debt Before Retirement? At the very beginning of 2020, I posted a YouTube video that asks the question: Should You Pay Off Your Mortgage Before Retirement? Of the 100+ videos I've posted to my YouTube channel, this video has been the most watched by a landslide, with twice as many views as the next most-watched video. So this week, I decided to revisit this topic, since it's clearly on the minds of many people who are getting close to retirement. I want to focus on mortgage debt specifically and why I think it's so important to pay off your mortgage either before you retire or as soon as possible into your retirement years, even if that means saving less in your retirement accounts. I'll also talk about why I think it's a bad idea to pay off your mortgage in a lump sum, and why you're better off paying it off gradually, even if it takes you another 10+ years. I'll also talk about other debts that must be paid off before retirement, so you can live a more free retirement, unshackled from your debt. I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. That's it for today. Thanks for listening! My name is Ashley Micciche...and this is the Retirement Quick Tips podcast. ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/ ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance
Jackie Beck talks about how to discover your debt triggers and why doing so can set you free from debt Episode 1816: How Discovering Your Debt Triggers Can Set You Free From Debt by Jackie Beck on Creating Debt-Free Finances Jackie and her husband paid off over $147,000 in debt, including their house! She's walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app have been featured in Oprah Magazine, MarketWatch, Forbes, CNBC, and more. The original post is located here: https://www.jackiebeck.com/identify-your-debt-triggers/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Gusto offers all-in-one HR for growing businesses. Get everything you need to hire, pay, manage, and support your hardworking team in one intuitive platform. Get 3 months free when you run your first payroll at Gusto.com/OFD Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
About the Episode: In this episode, we discuss whether you should purchase or lease a car. In our Current Event Segment, we're giving an update on rates, including mortgage interest rates, saving account interest rates, and CD interest rates. Our success story comes from Crystal, a journalist who thought she'd never pay off her student loans, but now they are all paid off!! Resources: FULLY FUNDED LIFEIWBNIN Ladder Related Monday Money Tip Podcast Episodes:Episode 141: Selling a Car With Negative EquityEpisode 176: How to Find Deals Episode 189: This or That? Save or Pay Off Debt? Email email@example.com to ask questions or share success stories.
While creating debt is easy, your debt free journey can be tough. Financial education gurus preach so many ways how to pay off debt: debt snowball method, refinancing, consolidation and more. Your personal finance journey means you must figure out which debt management strategy to use. You need to know when to refinance. You gotta know how to consolidate credit card debt. You have to know the pros and cons of debt consolidation. But which debt payoff methods fit your life? Listen as we cover when to debt snowball vs. refinance vs. consolidate debt. Looking for help with in strategizing your debt repayment game plan? Let's work on it together… for FREE: https://www.tianabclewis.com/breakthrough
About the Episode: In this episode, we're discussing should you focus on building up your savings account or should you use extra money to pay off debt? In our Current Event Segment, we're talking about Valentine's Day and ways you can show someone you love them - financially. Our success story comes from Kayla, who, at the age of 16, was able to get a real-life ox working for her and make money while she sleeps. Resources: FULLY FUNDED LIFEIWBNIN LadderTools: Savings Tools: Debt Elimination Related Monday Money Tip Podcast Episodes:Episode 18: How to Pay Off Debt QuicklyEpisode 28: 8 Ways to Speed Up Debt EliminationEpisode 36: Bite-Sized DebtEpisode 120: Saving for KUEsEpisode 121: How the Debt Snowball WorksEpisode 147: How to Teach Your Kids About DebtEpisode 162: The Difference Between Spenders & SaversEpisode 167: How to Teach Your Kids About Savings Email firstname.lastname@example.org to ask questions or share success stories.
Tracie, with Jackie Beck, talks about how you can come out stronger from bankruptcy and debt Episode 1799: Bankruptcy and Debt: You Can Come Out Stronger in the End by Tracie with Jackie Beck on How to Improve Finances Jackie and her husband paid off over $147,000 in debt, including their house! She's walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app have been featured in Oprah Magazine, MarketWatch, Forbes, CNBC, and more. The original post is located here: https://www.jackiebeck.com/bankruptcy-and-debt-you-can-come-out-stronger-in-the-end/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
Debt is a burden. You desperately want to get rid of it, but your income is limited. What do you do? In this episode, Art talks about how you can increase your financial margin to pay off debt more quickly.Listener Question:How much housing allowance should I take?Resources mentioned:The Money Challenge | Buy it here: https://www.artrainer.com/the-money-challengeFind More Money | Buy it here: https://www.artrainer.com/find-more-moneyThe Essential Emergency Binder | Buy it here: https://www.artrainer.com/essential-emergency-binderEpisode Sponsor:Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/
Debt, Home Selling, Home Buying, Career, Investing, Retirement As heard on this episode: Zander: https://bit.ly/2Xbn7hD Churchill: https://bit.ly/2JcfkGy Sign up for a FREE trial of Ramsey+ TODAY: https://bit.ly/3rZTUAx Tools to get you started: Debt Calculator: https://bit.ly/2Q64HME Insurance Coverage Checkup: https://bit.ly/3sXwUn5 Complete Guide to Budgeting: https://bit.ly/3utmVXi Check out more Ramsey Network podcasts: https://bit.ly/3fHhbVE
In this episode, Emily interviews Dr. Jeanelle Horcasitas, a PhD in Cultural Studies from UCSD who worked multiple jobs to stay afloat during grad school. Because of some financial events in her childhood and being a first-generation college student, Jeanelle was determined to do her PhD without accumulating any more student loan debt. In fact, she accomplished some major financial goals during graduate school, such as self-funding for a few months leading up to her defense after her dissertation fellowship ended. Don't miss Jeanelle's reflections on how her financial goals have changed since finishing grad school and how she's now resisting hustle culture.
This week Farnoosh answers audience questions related to the recent stock market decline and whether it is a buying opportunity for investors. Also: how best to save and invest for a grandchild's education from Kindergarten through college. And advice for a new couple struggling to pay down $25,000 in credit cards. Farnoosh picks a reviewer of the week. Read her latest CNET Money articles about cryptocurrency and Generation X. Got a question for our Friday episodes of Ask Farnoosh? Text 415-942-5002. Want more articles and videos by Farnoosh? Check out www.cnet.com/somoney. Subscribe to her weekly So Money newsletter for the latest updates and advice. Catch her weekly money videos on YouTube. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week I welcome Adam Carroll to the show. Adam is a financial literacy expert, speaker, author, and the founder of the Shred Method, who has dedicated himself to helping people build a bigger life. Adam discusses how to pay off debt quickly using the Shred Method. This works to help leverage the cash flow through your personal economy to radically eliminate your debt in record time. Hear insights about: How Craig discovered velocity banking and evolved it into the Shred Method How the Shred Method helps the average person with a mortgage How Craig accelerates the process of paying down debts by leveraging short term debt against compound interest with a large balance What a HELOC is and how it can help you save money How Craig and his wife paid off their house twice over between 2012 and 2021 Why the key to financial security is understanding wealth acceleration Steps to leveraging the Shred Method Who the Shred Method works best for Why the method works equally as well for property investors Ways to cleverly squeeze the juice out of your finances Save Yourself Thousands of Dollars When you understand how to leverage a Home Equity Line of Credit (HELOC) as a debt repayment model, you can potentially save yourself tens if not hundreds of thousands of dollars in interest over the life of that loan. We all want to be as financially educated as possible to manage our finances cleverly. My guest this week on the Progressive Agency Podcast, Adam Carroll, joins me to explain just how we can save money and pay down a considerable amount of debt by using the equity in our homes to minimize the debt held against it. Completely Pay Off Debt in 5 Years And I mean completely — mortgage, car loan, tuition all paid off in full. Adam, who is a financial literacy expert, speaker, author, and the founder of the Shred Method, explains how the average person can make their money work for them in the most efficient way possible. We discuss how the Shred Method works and how Adam's previous role as a Mortgage advisor gave him the insight and impetus to research why owning a home can keep you in perpetual, long-term debt and how to get out of it. Did you realize that a homeowner will pay the bank back as much as 2½ times the amount of their original mortgage on average? People are often laboring under the misconception that their mortgage is the cheapest debt they'll ever have, but as Adam explains, there are ways to bring the interest they're paying off to under 1%; you just have to know the right steps to take. We discuss why keeping on top of your financial housekeeping is essential if you want to save money and why to check your financial statements to ensure that your payments are allocated to bringing the principal debt down. Squeeze the Juice Out of Your Cash Getting a little bit more juice squeezed out of your finances is something that everybody would love to do. When you get right down to it, though, it's as much a matter of mindset and financial education as clever money management. When you think about how your best life looks, you are probably factoring in time spent with the people you love as well as having enough money for a few of life's luxuries. Understanding that you can make your time more valuable by creating financial systems that you can rely on is key to getting the most out of your money. When you flip the narrative on saving money and understand how to see things differently, you start to notice the business systems you could create to generate recurring savings. One of the ways you can do that is to realize that when you outsource, you're actually making savings — in other words, don't spend time doing the $20 an hour activities 20 hours a week, Because there's no way that you're going to make six figures when you're doing activities that are beneath your paygrade. And when you don't leverage what you have to save significant sums of money it's exactly the same principle. When you optimize the time you spend on a task or the money you invest, you need to be as efficient as possible. How to Connect with Adam Carroll: Website: www.theshredmethod.com LinkedIn: https://www.linkedin.com/in/adamcarrollspeaks/ Facebook: https://www.facebook.com/AdamSpeaks/ Twitter: https://twitter.com/AdamCarroll
I had an awesome chisme with Melissa Jean-Baptiste, personal finance coach and co-founder of Millenial in Debt, and we talked about dinero of course! We chatted about her personal finance journey and how she paid over $100,000 in student debt with a teacher salary without depriving herself form living life. She also shared some tips on how we can all start a healthier relationship with our finances. Melissa is the co-founder and content creator of the Millennial In Debt brand. She has paid over 100,000 dollars in student loan debt on a teacher salary, and is currently teaching millennials how to get out of debt, build generational wealth and earn financial freedom. She has currently transitioned from being a teacher for 11 years into the tech space. Follow her for all things Millennial + money on @Millennialindebt on Instagram and Millennialindebt.com She is offering a masterclass "From Basic to Brand" on 1/25, click on it to register! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/chismethatmatterspodcast/message Support this podcast: https://anchor.fm/chismethatmatterspodcast/support
Relationships, Debt, Investing, Retirement, Saving As heard on this episode: NetSuite: https://bit.ly/2WBLh5c Sign up for a FREE trial of Ramsey+ TODAY: https://bit.ly/3rZTUAx Tools to get you started: Debt Calculator: https://bit.ly/2Q64HME Insurance Coverage Checkup: https://bit.ly/3sXwUn5 Complete Guide to Budgeting: https://bit.ly/3utmVXi Check out more Ramsey Network podcasts: https://bit.ly/3fHhbVE
In season 2, episode 12 of the Stocks and Sandals Podcast, Mike and DJ talk to Marc Russell, CEO & Founder of The BetterWallet, about using budgets to get out of debt quickly. New episodes are released on Tuesday mornings and can be found anywhere you listen to podcasts! Join the Stock Dads Discord and gain exclusive access to: 1 . FREE Personalized Financial Planning with a Financial Advisor from Perspective Wealth Planning 2. Complete access to our exclusive Stock Dads Academy education program for beginner, intermediate, and advanced traders. 3. A wide variety of educational resources and tools. 4. Real-time alerts and ideas for stocks, options, crypto, forex, and real estate. 5. Live Stocks and Sandals® podcast recordings and Q&A sessions with expert guests. 6. The support of an entire community filled with like-minded dads. 7. A heavily moderated, clean, spam-free, safe environment to learn, ask questions and grow. 8. An opportunity to network with other dads, entrepreneurs, small business owners, investors, etc. 9. Tons of other awesome dad tips and tools (parenting, personal/professional development, entrepreneurialism, lawn care, home improvement, and more!). 10. Raffles, cash prizes, giveaways, and so much more! For a free stock, use the links below. Robinhood App: http://join.robinhood.com/davidb831 Webull App: https://act.webull.com/pm/hzvYJLM8KHhr/crd/inviteUs/ If you would like to leave us a review, you can do that here: https://ratethispodcast.com/stocksandsandals
On this week's podcast, George and Christina talk about, amongst other things, which proverbial road to take. Mainly, is it better to pay off outstanding debt or use your cashflow and capital to invest in property. Tune in...
1. How can we help women get rid of debt in a sustainable and less stressful way? 2. What are the tangible habits or tips that can help us get out of debt sustainably? Did you know that Americans carry student debt in the trillions of dollars and that women bear the burden of most of it? Coupled with the pandemic, the weight and stress of carrying debt has become worse for women and made it even more difficult to save for retirement, emergency funds, and pay for healthcare. So what can we do to turn this situation around for women? In this episode, I sat down with Katy Almstrom, a financial coach, teacher, and speaker who works with women who are ready to pay off their debt in a sustainable way. We discuss her journey to becoming debt-free and the actionable tips that women can implement to get rid of their debt in a sustainable, and yes, joyful way!Whether it's student, credit card, medical, or any other type of debt, we hope you come away with the knowledge and information you need to pay off your debt and learn to live debt-free.Get access to Katy's must-have FREE guide to help you in your journey to a debt-free life. Details available at the end of our podcast conversation. Subscribe to HerCanvas today to get your answers to the questions that matter most to you, and ultimately, find the inspiration to live your best life.
Should You Invest OR Pay Off Debt? A Question Millionaire Investor Lloyd Ross has answered many times in his Facebook group and on his Money Mentor Masterminds, get access when you buy his book. That being said he felt that if his fellow Money Planters were asking this question then he knew he needed to record an episode to give his listeners some advice so they can start planning their Money Plan!
Welcome to a New Series we are doing here at Money Grows on Trees: The Podcast called Ask a Millionnaire! These are questions taken from Lloyd's monthly Zoom calls where he answers questions from people in his network, social media or listeners of his podcast so they can start thinking like a millionaire! This week's question is about paying off Debt or Invest First is the smart thing to do. Enjoy the new series that goes live every Thursday! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ In his early 20's Lloyd picked up a book called “The Snowball” a comprehensive biography about Warren Buffet, arguably the world's greatest investor of all time and one of the wealthiest on the planet. He bought his first stock at age 25… at age 37, Lloyd is now just a breath away from achieving his first major financial goal of $1 million, without ever using debt. He also bought a book called "Rich Dad Poor Dad" that helped him, his wife and older sister start a side hustle, and now teach people how to plant their Money Tree. Join Lloyd on his journey to help everyday people reach their financial goals, by reading his book Money Grows on Trees at lloydjross.com. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The material in this publication is of the nature of general comment only and does not represent professional advice. The author does not hold an Australian Financial Services License and is not licensed to provide financial advice. As such, this material is not intended to provide specific guidance for particular circumstances. It should not be relied on as the basis for any decision to take action or not take action on any matter it covers. Listeners should obtain professional advice where appropriate, before making any such decision. To the maximum extent permitted by law, the author and publisher disclaim all responsibility and liability to any person, arising directly or indirectly from any person taking or not taking action based on the information in this publication. This podcast is produced by: Phil Better Inc.