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๐งณ Katrina McGhee explains Career Breaks, Gap Years, and Sabbaticalsโempowering you to take a meaningful step back from work and live life on your terms.
From creating a solid financial plan to exploring your personal goals, Katrina walks us through what it takes to make the most of time away and come back stronger. ๐
In this episode, we discuss:
1๏ธโฃ Defining Career Breaks, Gap Years, and Sabbaticals: Katrina clarifies each term and shares who they're best for.
2๏ธโฃ Financial Planning: Steps to save and budget for a fulfilling time off.
3๏ธโฃ Addressing Common Fears: How to counter doubts about career impact, financial stability, and social pressures.
4๏ธโฃ Communicating Your Plan: Tips for discussing your decision with family, friends, and even your employer.
5๏ธโฃ Making the Most of Your Break: Setting goals and themes to guide your experience and personal growth.
6๏ธโฃ Returning to Work: How to re-enter the workforce confidently and communicate the value of your time off.
๐ Katrina's Links:
๐ Taking a Career Break for Dummies
๐ Katrina McGheeโs Coaching
๐ง Profellow: Graduate Study and Professional Development
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Katrina McGhee Quotes:
๐ก "A career break isn't just time off; it's an intentional journey toward clarity and fulfillment." โ Katrina McGhee
๐ "Youโre not escaping lifeโyouโre recharging so you can show up better in everything you do." โ Katrina McGhee
#financialindependence #financialplanning #gapyear #careerbreak #personalgrowth #toxicworkplace #takeabreak #lifeonyourterms
๐ง Listen & Subscribe: Hit subscribe for more episodes that help you take control of your life and career. Tap the bell icon ๐ to stay updated!
๐ Disclaimer: This episode is for entertainment and informational purposes and does not constitute financial advice. Please consult with a professional for specific needs.
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๐ช Joe Saul-Sehy (Stacking Benjamins) and Paula Pant (Afford Anything) reveal how they built their money podcasts into profitable passion projects, sharing the secrets behind their long-term success in podcasting.
๐จ This conversation explores the journey of building profitable podcasts, the logistics of guest management, and how hosts decide which trends to follow and which to avoid.
In this episode, we discuss:
1๏ธโฃ How to Start a Money Podcast: Joe and Paula share how they began, and their strategies for building loyal audiences.
2๏ธโฃ Monetizing Your Podcast: They reveal how money podcasts make money and how to create sustainable revenue streams.
3๏ธโฃ Guest Selection and Vetting: How to choose engaging guests and avoid common mistakes.
4๏ธโฃ Balancing Podcasting and Entrepreneurship: Insights on managing a podcast while pursuing other business ventures.
5๏ธโฃ Podcast Growth Strategies: From viral episodes to organic growth, learn how to scale your podcast.
6๏ธโฃ Challenges in Podcasting: Behind-the-scenes struggles, including interviews that never aired and topics they regret covering.
๐ Joe Saul-Sehy's Links:
๐ง Stacking Benjamins Podcast
๐ Joeโs Stacking AdventuresTravel Podcast
๐ Joe Saul-Sehy's book: Stacked: Your Super-Serious Guide to Modern Money Management
๐ Paula Pant's Links:
๐ Afford Anything Course: Your First Rental Property
๐ง Afford Anything Newsletter
๐ Escape E-Book
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Joe Saul-Sehy & Paula Pant Quotes:
๐ก "Podcasting is all about relationshipsโyou grow one download at a time by staying authentic." โ Joe Saul-Sehy
๐ "It's not just about making money from a podcast; it's about creating meaningful content that resonates." โ Paula Pant
#podcast #podcasting #howtostartapodcast #podcastgrowth #podcastguests #podcastinglife #podcastingjourney #financialindependence
๐ง Listen & Subscribe: Hit subscribe for more strategies on building wealth and achieving financial independence. Tap the bell icon ๐ to stay updated!
Disclaimer: This episode is for entertainment and educational purposes only. Always consult a professional for personalized financial or business advice.
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๐ช Karsten Jeske and Brad Finn reveal the essentials of Options Trading and how it can be a game-changer in your journey to Financial Independence.
They break down the basics, demystify the risks, and share powerful strategies like covered calls and cash-secured puts to help you make informed decisions. ๐
๐จ This conversation explores why Options Trading can be both profitable and riskyโwith practical insights on how it can supplement your investment portfolio and enhance retirement income.
In this episode, we discuss:
1๏ธโฃ What is Options Trading? Karsten and Brad explain the fundamentals and how options differ from other investments.
2๏ธโฃ Call vs. Put Options: Understanding the types of options and when to use each.
3๏ธโฃ Covered Calls and Cash-Secured Puts: How these strategies can generate income and protect your portfolio.
4๏ธโฃ Risks and Rewards of Options Trading: Myths about options trading and how to manage potential downsides.
5๏ธโฃ Options and Financial Independence: How options trading can play a role in achieving long-term financial goals.
6๏ธโฃ Getting Started with Options Trading: Practical steps to begin trading, whether for income or retirement.
๐ Karsten Jeske's Links:
๐ผ Karsten Jeske's Options Page
๐ Brad Finn's Links:
๐ Brad Finn YouTube Channel
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Karsten Jeske & Brad Finn Quotes:
๐ก "Options trading isnโt one-size-fits-allโitโs about finding the right strategy for your risk profile." โ Karsten Jeske
๐ "Covered calls are like collecting rent on your stocksโsteady income with lower risk." โ Brad Finn
#optionstrading #financialindependence #coveredcalls #cashsecuredputs #optionsstrategies #retirementincome
๐ง Listen & Subscribe: Hit subscribe for more strategies on building wealth and achieving financial independence. Tap the bell icon ๐ to stay updated!
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute financial or legal advice. Always consult with a professional regarding your specific financial situation.
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๐ช David Pere shares his journey from military service to financial freedom, revealing key Real Estate Investing Strategies that have helped him build wealth.
He discusses house hacking, VA loans, and creative deals that pave the way toward financial independence. ๐๏ธ
๐จ The conversation explores how David grew his portfolio through real estate using unconventional financing. From remote property management to multifamily investing, David offers insights for those eager to start their real estate journey.
In this episode, we discuss:
1๏ธโฃ House Hacking for Military Members: How to live nearly rent-free while building equity.
2๏ธโฃ Creative Financing in Real Estate: Techniques that minimize upfront costs and maximize returns.
3๏ธโฃ VA Loan Real Estate Investing: How to leverage military benefits to build a property portfolio.
4๏ธโฃ Remote Real Estate Investing: Managing properties from afar and keeping operations smooth.
5๏ธโฃ David Pere Real Estate Journey: How he turned a military career into a real estate empire.
๐ David Pereโs Links:
๐ฐ From Military to Millionaire
๐ Free Book: The No B.S. Guide to Military Life
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ David Pere Quotes:
๐ก "House hacking isnโt just a starter strategy; itโs a game-changer for building long-term wealth." โ David Pere
๐ "Creative financing lets you control property without massive cash outlay. Itโs a strategy anyone can use." โ David Pere
๐ก๏ธ "The VA loan is an incredible benefit, and itโs one of the most powerful tools veterans have for building wealth." โ David Pere
๐ง "Building a community around real estate investing has been crucial to my success and growth." โ David Pere
#realestateinvesting #househacking #valoans #creativefinancing #buildingwealththroughrealestate #DavidPere
๐ง Listen & Subscribe: Donโt forget to subscribe for more real estate strategies and financial insights! Hit the bell icon ๐ to stay updated.
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute legal, tax, or financial advice. Consult a professional for your specific financial situation.
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๐ Dan Huffman explores the ins and outs of factor investing, a strategy that focuses on specific drivers like value, size, and momentum to potentially boost long-term returns.
He offers expert insights into how factor investing compares to traditional strategies like VTSAX and chill.๐๏ธ
๐ The conversation covers everything from small-cap value investing to the role of momentum in portfolios and whether factor-based strategies can truly beat the market. Dan emphasizes the importance of understanding your risk tolerance and knowing when to rebalance a portfolio.
In this episode, we discuss:
1๏ธโฃ What is Factor Investing: How it compares to passive index investing and why it might be worth considering.
2๏ธโฃ Value vs. Growth Investing: Breaking down the key differences and potential advantages.
3๏ธโฃ Small-Cap Value Investing: Why this specific factor gets so much attention and how it may affect portfolio performance.
4๏ธโฃ Momentum Factor Investing: A look at how recent winners continue to perform.
5๏ธโฃ Rebalancing Factor Portfolios: How often should you be reviewing and adjusting?
๐ Dan Huffmanโs Links:
๐ก Cornerstone Financial Planning: https://cornerstonefiplanning.com/
๐ Size Matters if You Can Control Your Junk: https://www.sciencedirect.com/science/article/pii/S0304405X18301326?via%3Dihub
๐ Kenneth French Data Library: http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html
๐ Portfolio Visualizer Backtesting Tool: https://www.portfoliovisualizer.com/
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Dan Huffman Quotes:
๐ก "Factor investing isnโt for everyone, but for those who want to go beyond traditional index funds, it offers a way to optimize long-term returns." โ Dan Huffman
๐ "The academic research is clearโfactors like value and size have outperformed the broad market over time." โ Dan Huffman
#financialindependence #valueinvesting #indexfunds #investingstrategies #FactorInvesting
๐ง Listen & Subscribe: Donโt forget to subscribe for more information on investment strategies, financial independence, and more! Hit the bell icon ๐ to stay updated.
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute legal, tax, or financial advice. Consult a professional for your specific financial situation.
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๐งฌ Emma von Weise breaks down the basics of Social Security and how it fits into a comprehensive retirement plan, debunking common myths and sharing strategic tips for claiming benefits. ๐
Emma emphasizes how Social Security benefits should not be overlooked as a vital part of your financial strategy, covering everything from spousal and survivor benefits to the impact of early retirement.
In this episode, we discuss:
1๏ธโฃ When to Start Claiming Social Security: Discover the pros and cons of early vs. delayed benefits.
2๏ธโฃ Future Changes to Social Security: Learn what changes are on the horizon for COLA and the full retirement age.
3๏ธโฃ Social Security as Core Income: Should Social Security be viewed as a primary income source or just a safety net?
4๏ธโฃ Spousal and Survivor Benefits: Explore strategies for couples to maximize Social Security payouts.
5๏ธโฃ Social Security and Early Retirement: Understand the impact of early retirement on your long-term benefits.
๐ Emma von Weise's Links:
๐ Social Security Administration
๐ Mike Piper's Social Security Strategy Benefit Calculator
๐ธ Lauren's cFIREsim calculator
๐งฎ New Retirement (now Boldin) calculator
๐ David's Links:
๐ฐ Free Money Course
๐ Blog Post on Social Security
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Emma von Weise Quotes:
๐ก "Social Security isnโt just an afterthoughtโitโs an essential part of your financial plan." โ Emma von Weise
๐ "Understanding when to claim your benefits is key to securing your financial future." โ Emma von Weise
#socialsecurity #retirementplanning #financialindependence #emmavonweise
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more expert advice on securing your financial future. Hit the bell icon ๐ to stay updated on the latest episodes!
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute legal, tax, or financial advice. Consult a professional for your specific financial situation.
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๐ค Philip "PT Money" Taylor (FINCON), Stephen Baughier (CampFI), and Amberly Grant (FinTalks) share the evolution and impact of their live events on the FI community.๐๏ธ
Philip, Stephen, and Amberly discuss how their eventsโranging from conferences to camp retreats and even cruisesโoffer unique experiences for people seeking financial freedom.
In this episode, we discuss:
1๏ธโฃ The Origins of FINCON, CampFI, & FINTALKS: How these events began and what motivated their founders.
2๏ธโฃ What to Expect When Attending: A breakdown of the experience, community, and content at each event.
3๏ธโฃ Pricing & Accessibility: Learn about the pricing structure and whatโs covered for FINCON, CampFI, and FINTALKS.
4๏ธโฃ Building Real FI Communities: How Stephen is taking FI to the next level with his unique in-person neighborhood.
5๏ธโฃ Challenges & Future Plans: The founders reflect on the obstacles theyโve faced and their vision for the future.
๐ Philip "PT Money" Taylor's Links:
๐ FINCON
๐ Stephen Baughier's Links:
๐๏ธ CampFI
๐ฆ Eagle CoHousing
๐ Amberly Grant's Links:
๐ข FinTalks Cruise
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcasts
๐ง Forget About Money on Spotify
๐ Fi Community Builder Quotes:
๐ก "FINCON is all about creating a space for financial content creators to connect, share, and grow." โ Philip "PT Money" Taylor
๐ฅ "CampFI brings the FI community together in a personal and relaxed environment, fostering deep connections." โ Stephen Baughier
๐ข "FinTalks started with Facebook Lives but has evolved into a cruise where people create lifelong friendships." โ Amberly Grant
#financialindependence #financialfreedom #moneymotivation #FINCON #CampFI #FinTalks #PhilipTaylor #StephenBaughier #AmberlyGrant
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more ways to enrich your personal finance and life journey. Hit the bell icon ๐ to stay updated on the latest episodes!
Disclaimer: This episode is for entertainment and educational purposes only and does not constitute legal, tax, or financial advice. Consult a professional for your specific financial situation.
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๐ก Paul Merriman shares his 12 One-Million Dollar Ideas for achieving financial success, offering practical strategies to help you transform your investment approach. ๐
Paul Merriman highlights the importance of starting early, using low-cost index funds, and diversifying your portfolio, especially by including small-cap value stocks. He breaks down how simple financial decisions made today can lead to significant long-term growth. Paulโs advice will help you steer your financial future in the right direction.
In this episode, we discuss:
1๏ธโฃ Save Early vs. Waiting to Get Started: Discover why saving early, even small amounts, creates massive financial growth through compound interest.
2๏ธโฃ Stocks vs. Bonds: Learn how to balance risk and reward with the right mix of stocks and bonds as part of your asset allocation strategy.
3๏ธโฃ DIY vs. Professional Management: Explore why index funds often outperform actively managed funds, making them a smarter, low-cost choice.
4๏ธโฃ The Power of Diversification: Understand why spreading your investments across small-cap value, large-cap value, and blend stocks strengthens your portfolio.
5๏ธโฃ Market Timing vs. Buy and Hold: Find out why sticking with a buy-and-hold strategy beats trying to time the market.
๐ Paul Merriman's Links:
๐ Merriman Financial Education Foundation
๐ Weโre Talking Millions! 12 Simple Ways to Supercharge Your Retirement (And other Free Book Downloads)
๐ Quilt Charts (Referenced in the Episode):
๐บ YouTube Video Explaining the Two Charts
Graph 1: 4 US Asset Class Indexes & 4 Fund Combo Relative Return Ranking (1928-2023)
Graph 2: Asset Classes & 4 Fund Combo (1928-2023) - Return Rank Frequency
๐ David's Links:
๐ฅ Paul Merriman and JL Collins Debate Wealth Strategies
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcasts
๐ง Forget About Money on Spotify
๐ Paul Merriman Quotes:
๐ก "The system is designed to make you spend, not save. You have to arm-wrestle it to build wealth." โ Paul Merriman
๐ก๏ธ "Diversification is your greatest defense. Don't put all your eggs in one basket." โ Paul Merriman
๐ง "Most people will never beat the market. If you can match the market, youโll likely be in the top 10% of all investors." โ Paul Merriman
#financialfreedom #retirementplanning #IndexFunds
๐ง Listen & Subscribe: Don't forget to subscribe to "Forget About Money" for more valuable episodes featuring experts like Paul Merriman. Hit the bell icon ๐ to stay updated with new insights on building wealth and financial independence!
Disclaimer: The discussion in this episode is for general educational and entertainment purposes only and should not be considered tax, legal, or investment advice specific to any individual.
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๐ค Wellthy Living is all about balancing personal finance, fitness, and fulfillment to create a life of true wealth and happiness. ๐๏ธโโ๏ธ
Brad Finn shares his journey from paying off $190,000 in debt to achieving financial independence, while maintaining a focus on physical fitness and mental well-being.
In this episode, we discuss:
1๏ธโฃ Brad Finnโs Financial Independence Journey: Learn how Brad leveraged Dave Ramseyโs principles to eliminate debt and build a strong financial foundation.
2๏ธโฃ Fitness and Finance: Discover how Bradโs commitment to physical fitness complements his financial goals, creating a balanced and fulfilling life.
3๏ธโฃ Entrepreneurship and Side Hustles: Explore how Brad turned his hobbies into profitable ventures, including his success on YouTube and in options trading.
4๏ธโฃ Mindset for Success: Understand the importance of optimism and a growth mindset in overcoming challenges and achieving both financial and personal goals.
5๏ธโฃ Real Estate and Hard Money Lending: Get insights into Bradโs approach to real estate investing and why he chose hard money lending as part of his strategy.
๐ Brad's Links:
๐ Brad Finn's YouTube Channel
๐ Brad's Book The Wheel Strategy: Earn Passive Income Selling Calls and Put: Full Guide & Journal
๐ Brad's Physics & Math Channel
๐โโ๏ธ Brad's Ultrarunning Channel
๐ง Brad Finn's 50k Ready Podcast
๐ฅ๏ธ 50k Ready Website
๐ David's Links:
๐ฐ Free Money Course
๐ง Forget About Money on Apple Podcasts
๐ง Forget About Money on Spotify
๐ Brad Finn Quotes:
๐ก "Paying off debt wasnโt just about moneyโit was about freeing my mind and creating the life I truly wanted." โ Brad Finn
๐ช "Fitness and finance go hand in hand. When youโre disciplined in one area, it spills over into others." โ Brad Finn
๐ "Turning my hobbies into income streams wasnโt just about making money; it was about living a life that Iโm passionate about." โ Brad Finn
๐ Episode Highlights:
๐ธ Brad Finnโs Financial Independence Story
๐ช How Fitness Fuels Financial Success
๐ Turning Hobbies into Income Streams
๐ง Mindset for a Balanced and Happy Life
๐ก Real Estate Strategies Beyond Ownership
#financialindependence #personalfinance #fitnessjourney #entrepreneurship #mindsetmatters #debtfreeliving
๐ง Listen & Subscribe: Don't forget to subscribe to "Forget About Money" for more inspiring episodes with guests like Brad Finn. Hit the bell icon ๐ to stay updated on new episodes!
Disclaimer: The content in this episode is for educational and entertainment purposes only and does not constitute financial, legal, or investment advice.
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๐ช The Fun Bucket is a transformative strategy to help retirees shift from a saving to a spending mindset, enabling guilt-free enjoyment of retirement.
๐ In this episode, Kevin Sebesta, creator of the Life in FIRE blog, and Mark Trautman, a seasoned voice in the FI community, share how the Fun Bucket can enhance your retirement by balancing financial security with intentional spending.
In this episode, we discuss:
1๏ธโฃ What is a Fun Bucket?: Kevin and Mark explain the concept and its importance in retirement planning.
2๏ธโฃ Shifting from Frugality to Fun: Learn how the Fun Bucket helps retirees break free from the frugal mindset.
3๏ธโฃ Managing Your Fun Bucket: Practical tips on allocating, spending, and replenishing your Fun Bucket.
๐ Kevinโs Links:
๐ Life in FIRE Blog
๐ท The HOGs article
๐ Markโs Links:
๐ Mark's Money Mind Blog
โถ๏ธ Mark's Money Mind Podcast on YouTube
๐ David's Links:
๐ฐ Free Money Course
๐ง Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Kevin Sebesta Quote:
๐ก "The Fun Bucket lets you take some of the icing off the cake and use it for experiences that create memory dividends, which can be far more valuable than just having a little more money in the bank." โ Kevin Sebesta
๐ Mark Trautman Quote:
๐ "If you donโt spend it, your inheritors gladly will. That thought has influenced me to use the Fun Bucket and enjoy the wealth Iโve accumulated while I can." โ Mark Trautman
๐ Episode Highlights:
๐ก The importance of balancing savings and spending in retirement
๐ Practical tips for managing your Fun Bucket
๐ Shifting from frugality to a spending mindset
#retirementplanning #PersonalFinance #moneymindset
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more insights from financial experts like Kevin Sebesta and Mark Trautman. Hit the bell icon ๐ to stay updated on new episodes!
๐ Timestamps/Chapters:
0:00 - ๐๏ธ What is a Fun Bucket?
5:12 - ๐ก Overcoming the Frugality Mindset
10:13 - ๐ ๏ธ How to Start Your Fun Bucket
15:24 - ๐ Managing the Fun Bucket
20:37 - ๐ Guilt-Free Spending in Retirement
25:18 - ๐ฏ Allocating Funds for Maximum Joy
30:29 - ๐ Memory Dividends Explained
34:29 - ๐ Adjusting Your Fun Bucket Over Time
38:47 - ๐งพ Fun Bucket vs. Traditional Budgeting
43:12 - ๐ฅณ The Impact of a Fun Bucket on Your Quality of Life
Disclaimer: This discussion is for educational and entertainment purposes and does not constitute financial, legal, or investment advice.
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๐ Risk Parity is an investment strategy that could reshape how you manage risk and increase your portfolioโs resilience. ๐ฏ
In this episode, we discuss:
1๏ธโฃ What is Risk Parity?: Discover how Risk Parity differs from traditional diversification and why itโs essential for a resilient portfolio.
2๏ธโฃ Building a Risk Parity Portfolio: Learn how to implement this strategy with tools like ETFs and mutual funds, and explore the impact on your Safe Withdrawal Rate.
3๏ธโฃ Retirement Planning with Risk Parity: Understand how Risk Parity can support your financial independence journey and enhance your retirement planning with a higher Safe Withdrawal Rate.
๐ Frank's Links:
๐ Risk Parity Radio
๐ Tyler's Risk Parity Portfolio Charts
๐ฏ Golden Butterfly Portfolio
๐ Risk Parity Portfolios
๐ Portfolio Visualizer
๐ Donate to Frank's Charity
๐ David's Links:
๐ฐ Free Money Course
๐ง Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Frank Vasquez Quotes:
๐ก "Risk Parity is about balancing the risk, not just spreading capitalโit's a smarter way to build a resilient portfolio." โ Frank Vasquez
๐ "By embracing Risk Parity, you could potentially increase your Safe Withdrawal Rate to 5%, offering more financial freedom in retirement." โ Frank Vasquez
๐ Episode Highlights:
๐ก Risk Parity vs. Traditional Diversification
๐ Increasing Safe Withdrawal Rate to 5%
๐ Implementing Risk Parity with ETFs
๐ฏ Effective Portfolio Management Strategies
๐ Optimizing Retirement Planning
#financialindependence #retirementplanning #investmentstrategies
๐ง Listen & Subscribe: Don't forget to subscribe to "Forget About Money" for more insightful episodes featuring experts like Frank Vasquez. Hit the bell icon ๐ to get notified of new episodes!
Disclaimer: The discussion is intended for general educational and entertainment purposes and is not tax, legal, or investment advice for any individual.
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๐ฑInvestment Strategies for Different Life Stages are essential for tailoring your approach to wealth management as you age. ๐ณ
In this episode, we discuss:
1๏ธโฃ How Your Investment Strategy Should Change as You Age: Learn how to adapt your investment approach throughout different stages of life, emphasizing the shift from growth-focused strategies in youth to preservation as you near retirement.
2๏ธโฃ Key Considerations for Managing Risk and Return in Retirement: Explore the essential strategies for balancing risk and return during retirement, including the use of safe assets like TIPS and annuities to secure your financial future.
3๏ธโฃ The Impact of Societal Factors on Financial Decisions: Understand how societal factors such as inequality, trust, and behavioral biases influence investment outcomes and decision-making across various life stages.
๐ Bill's Links:
๐ Williamโs Website
๐ The Four Pillars of Investing
๐ The Delusions of Crowds
๐ Social Security Calculator
๐ Your Money & Your Brain
๐ The Secret of Our Success
๐ How Religion Evolved
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ William Bernstein Quotes:
๐ก "The purpose of money is not to buy things. The purpose of money is to buy you time and autonomy." โ William Bernstein
๐ "Sticking with your allocation, your strategy through thick and thin matters infinitely more than what your precise strategy is." โ William Bernstein
๐ Episode Highlights:
๐ก Life Cycle Investing: Tailoring Your Strategy
๐ Managing Human Capital in Investing
โฐ Behavioral Finance Insights for Better Decisions
๐ Effective Retirement Planning Tips
๐ฏ Achieving Financial Independence
#financialfreedom #InvestmentStrategies #retirementplanning
๐ง Listen & Subscribe: Don't forget to subscribe to "Forget About Money" for more insightful episodes featuring experts like William Bernstein. Hit the bell icon ๐ to get notified of new episodes!
Disclaimer: The discussion is intended for general educational and entertainment purposes and is not tax, legal, or investment advice for any individual.
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๐งข Stan Haithcock, also known as Stan the Annuity Man, defines an annuity and answers some common questions people have about annuities.
He identifies factors that may persuade a person to shift a portion of their net worth into annuities. And he shares his reasons why so many people blindly hate them! ๐ก
In this episode, Stan Haithcock discusses:
1๏ธโฃ What is an Annuity and How Does it Work? Discover the basics of annuities, including different types, their benefits, and how they can secure your retirement.
2๏ธโฃ Stan's Philosophies on Retirement Planning: Learn why Stan emphasizes the importance of annuities in a balanced retirement strategy and the factors that might persuade you to consider them.
3๏ธโฃ Addressing Annuity Misconceptions: Understand why many people blindly shun annuities and what we can do to educate others on their true benefits.
๐ Stanโs Links:
๐ Annuity Calculators and Rates
๐ Stanโs YouTube
๐ก Stan's Website
๐ฅ Health Insurance Guaranty Associations
๐ฅ You Already Won, Why are you Still Playing?
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Key Topics Discussed:
๐ Introduction to Annuities: What is an Annuity?
๐ Different Types of Annuities Explained
๐ Stan's Tagline: "Will do, Not Might do!"
๐ Factors to Consider Before Buying An Annuity
๐ Strategies for Incorporating Annuities into Retirement Planning
๐ Contractual Guarantees and Transfer of Risk
๐ Comparing Annuities with the 4% Rule for Withdrawals
๐ Annuity Taxation Insights
๐ Misconceptions About Annuities and Overcoming Biases
๐ Simple, Low-Fee Annuities for Financial Independence
๐ Timestamps/Chapters:
0:00 - ๐๏ธ Introduction to Annuities: What is an Annuity?
5:44 - ๐ Different Types of Annuities
11:52 - ๐ Stan's Tagline and Philosophies
14:53 - ๐ฐ Factors to Consider for Annuities
18:54 - ๐ Annuity Strategies in Retirement Planning
22:05 - โ ๏ธ Contractual Guarantees and Risks
26:00 - ๐ Comparing Annuities with the 4% Rule
29:00 - โ Taxation and Legal Considerations
29:56 - ๐ฏ Overcoming Annuity Misconceptions
32:24 - ๐ Simple, Low-Fee Annuities for FI
36:56 - ๐ Final Thoughts and Recommendations
41:35 - ๐ต Closing Remarks
#Annuity #retirement #financialindependence
๐ง Listen & Subscribe:
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Disclaimer: The discussion is intended for general educational and entertainment purposes and is not tax, legal, or investment advice for any individual.
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๐ฒCody Berman shares his expert insights on passive income ideas that generate a whopping $75,966 per month! ๐
In this episode, Cody Berman discusses:
1๏ธโฃ Top Passive Income Ideas: Discover how Cody uses digital products, real estate, investment returns, and affiliate marketing to build substantial monthly income.
2๏ธโฃ Practical Advice for Beginners: Learn realistic expectations, strategies for balancing a full-time job, and how to achieve financial independence through passive income.
3๏ธโฃ Cody's Personal Journey and Future Plans: Hear about Cody's path from young entrepreneur to financial independence, including his future goals and the role of his agency, Auros Agency.
๐ Codyโs Links:
๐ Cody's Free Workshop
๐ง Codyโs Podcast
๐ The 4-Hour Work Week Book
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify๐ Episode Highlights:
๐ก Cody's Top Passive Income Strategies
๐ Practical Steps for Beginners
โฐ Balancing Side Hustles with a Full-Time Job
๐ Codyโs Personal Journey and Financial Independence
#PassiveIncomeIdeas #CodyBerman #FinancialIndependence
๐ง Listen & Subscribe:
Don't forget to subscribe to "Forget About Money" for more insightful episodes featuring experts like Cody Berman. Hit the bell icon ๐ to get notified of new episodes!
Disclaimer: The discussion is intended for general educational and entertainment purposes and is not tax, legal, or investment advice for any individual.
๐ Timestamps/Chapters:
0:00 - ๐๏ธ Introduction to Passive Income Strategies
5:44 - ๐ Cody's Journey into Passive Income
11:52 - ๐ Success and Personal Growth
14:53 - ๐ฐ Breakdown of Passive Income Streams
18:54 - ๐ Impact of Passive Income on Others
22:05 - โ ๏ธ Challenges and Realistic Expectations
26:00 - ๐ Balancing Side Hustles with a Full-Time Job
29:00 - โ Pros and Cons of Passive Income
29:56 - ๐ฏ Role in Portfolio and Life Goals
32:24 - ๐ Rewarding Feelings and Overcoming Guilt
36:56 - ๐ Cody's Course and Digital Products
41:35 - ๐ต Closing Remarks and Musical Collaborations
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๐ค Sean Mullaney discusses Tax Planning Strategies. Sean, a CPA and financial planner, also known as The FI Tax Guy explains fundamental tax planning strategies, some advanced tax strategies and concepts, and how the financial independence community may be getting it wrong when it comes to taxes. โ
๐ Key Topics Discussed:
๐ Introduction to Financial Independence Tax Planning
๐ Top Five Tax Planning Strategies
๐ Reducing Taxes Through Daily Habits
๐ Tax Strategies for High-Income Earners
๐ Solo 401k and Small Business Owners
๐ Seanโs Links:
๐ The FI Tax Guy Blog
๐ Seanโs Book on Solo 401k
๐ฅ Sean's YouTube Video: Pay NO Federal Income Taxes in Retirement!!!
๐ธ Seanโs Twitter
๐ Annuities Paper on SSRN
๐ IRS Trade or Business Defined
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Timestamps/Chapters:
0:00 - ๐๏ธ Introduction to Financial Independence Tax Planning
5:21 - ๐ Top Five Tax Planning Strategies
14:07 - ๐ฆ Reducing Taxes Through Daily Habits
24:41 - ๐ผ Tax Strategies for High-Income Earners
29:30 - ๐ข Solo 401k and Small Business Owners
34:12 - ๐ Exploring the Buy, Borrow, Die Strategy 36:45 - ๐ก Inheritance and Real Estate Strategy
46:45 - ๐ Accumulation vs. Decumulation Strategies
55:29 - ๐ฅ Taking Control of Your Health and Healthcare
1:01:13 - ๐ Annuities - Risks and Considerations
1:07:54 - ๐ Tax Cuts and Jobs Act - Extension Predictions
1:10:54 - ๐ Emerging Tax Trends and Exploration Opportunities
1:13:18 - ๐ง Critical Thinking in Financial Decision-Making
1:16:50 - ๐ก Misconceptions About Roth IRAs and Traditional Accounts
1:20:22 - ๐ Proactive Healthcare Approaches for FI Community
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more insightful episodes featuring experts who guide you on achieving financial independence and optimizing your tax strategies. Hit the bell icon ๐ to get notified of new episodes!
#๏ธโฃ Hashtags: #TaxPlanningStrategies #SeanMullaney #TheFITaxGuy #FederalIncomeTaxChanges #TaxBrackets #StandardDeduction #HighIncomeEarners #TaxOptimization #EarlyRetirementTaxPlanning #Solo401k #FinancialIndependence #BuyBorrowDieStrategy #TraditionalRetirementAccounts #TaxMisconceptions #RetirementInvestmentAdvice #TaxDeductions #TaxExemptions #TaxCredits #TaxTailWagTheInvestmentDog
The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. David and the Forget About Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services.
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๐ฅ David chats with Christine Benz, Director of Personal Finance at Morningstar and author of *How to Retire: Lessons from 20 Retirement Thought Leaders*. ๐
๐ Christine shares her journey and key insights on how to retire happily, emphasizing a holistic approach to retirement planning. ๐
๐ก She discusses the importance of aligning spending with happiness, nurturing relationships, and staying adaptable in retirement. ๐งโโ๏ธ
๐ Key Topics Discussed:
โจ Importance of Relationships in Retirement
โจ Knowing Your Retirement Income Style
โจ Aligning Spending with Happy Retirement Goals
๐ Christineโs Links:
๐ How to Retire Book
๐ Bogleheads Foundation
๐ Morningstar Profile
๐๏ธ Christineโs Podcast
๐ธ Christineโs Twitter
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Episode Highlights:
๐ฅ Christine's holistic approach to retirement planning
๐จ Aligning spending with personal happiness and values
๐ก The significance of nurturing relationships in retirement
๐ง Listen & Subscribe: Donโt forget to subscribe to "Forget About Money" for more insightful episodes featuring experts who guide you on achieving a happy and fulfilling retirement. Hit the bell icon ๐ to get notified of new episodes!
#๏ธโฃ Hashtags: #RetireHappily #ChristineBenz #RetirementPlanning #HappyRetirement #FinancialIndependence #PersonalFinance #RetirementIncome #HolisticRetirement #PhasedRetirement #PurposeDrivenLife #FinancialWellness
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๐ David chats with Dion McNeeley, a real estate investor who retired early using unique strategies. ๐ก
Dion McNeeley, known for his "lazy" approach to real estate, walks us through his transformative journey from financial struggles to early retirement. Discover how he leveraged rental properties, developed the Binder Strategy for tenant management, and built a sustainable rental empire that allowed him to retire in under 10 years.
๐ก Learn how Dion achieved early retirement in under 10 years and his six steps to financial freedom through real estate. ๐
๐ Key Topics Discussed:
โจ Transitioning from financial low to real estate empire
โจ Building a rental real estate empire for early retirement
โจ Achieving financial freedom and early retirement
โจ Six steps to financial freedom with real estate
๐ Dionโs Links:
๐บ Dionโs YouTube Channel
๐ Dionโs Binder Strategy
๐ Bigger Pockets Rental Real Estate Bootcamp
๐๏ธ Real Estate Rookie Show
๐ช Matt the Lumberjack Landlord
๐จโ๐ผ Millennial Mike
๐ก What is a DSCR Loan?
๐ Joe Kuhn Bucket Strategy
๐ก Michael Zuber
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ง Listen & Subscribe:
Donโt forget to subscribe to "Forget About Money" for more insightful episodes featuring experts who guide you on simplifying your finances and achieving financial independence. Hit the bell icon ๐ to get notified of new episodes!
#๏ธโฃ Hashtags:
#RetireEarlyWithRealEstate #DionMcNeeley #FinancialFreedom #RealEstateInvestment #RentalIncome #EarlyRetirement #PassiveIncome #RealEstateStrategies #FinancialIndependence #RealEstateInvestor
๐ Timestamps/Chapters:
0:00 - ๐ Introduction to Financial Freedom with Dion McNeely
1:17 - ๐ธ Overcoming Financial Challenges and Debt
2:31 - ๐ค Initial Reservations About Real Estate Investment
4:14 - ๐ Transitioning from Financial Low to Real Estate Empire
6:33 - ๐ก Building Rental Real Estate Empire for Early Retirement
12:08 - ๐ฐ Achieving Financial Freedom and Early Retirement
14:56 - ๐ช Persistence in Real Estate Investing Despite Challenges
15:54 - ๐ Utilizing the Binder Strategy for Rent Increases
24:44 - ๐ The Binder Strategy
30:06 - ๐ต Reaching Financial Freedom
34:32 - ๐ Six Steps to Financial Freedom
41:45 - ๐๏ธ Retirement Reflections
45:51 - ๐ Life After Retirement
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๐ฌ David chats with Sarah King, an experienced real estate investor who has transformed her financial life by paying off substantial debt and building a rental property empire. ๐๏ธ
๐ Sarah shares her journey from debt repayment to establishing a successful portfolio of rental properties, offering invaluable advice for real estate investing beginners. ๐ผ
๐ Key Topics Discussed:
โจ Real estate investing for beginners: Tips and strategies
โจ Understanding real estate investing fundamentals and types
โจ Calculating cash flow and using the 1% rule
๐ Sarahโs Links:
๐ธ Sarahโs Kingโs Instagram
๐ฑ Deal Check App
๐ฅ Brandon Turnerโs Four Square Method
๐ Set for Life book by Scott Trench
๐น HSA - Health Savings Account Benefits
๐ Chad Carson aka Coach Carson
๐ Paula Pantโs โYour First Rental Property Courseโ
๐ Raising Private Capital book by Matt Faircloth
๐ The Hands Off Investor book for Syndication Deals by Brian Burke
๐ธ Soli Cayetanoโs Instagram
๐ The Simple Path to Wealth book by JL Collins
๐ Retire Early with Real Estate book by Chad Carson
๐๏ธ Bigger Pockets Rookie Podcast
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ Rich Dad Poor Dad book by Robert Kiyosaki
๐ง Listen & Subscribe:
Donโt forget to subscribe to "Forget About Money" for more insightful episodes featuring experts who guide you on simplifying your finances and achieving financial independence. Hit the bell icon ๐ to get notified of new episodes!
#RealEstateInvestingForBeginners #SarahKing #RealEstateInvesting #CashFlow #PropertyInvestment #HouseHacking #RentalProperties #TaxBenefits #RealEstateStrategies #FinancialIndependence #InvestingTips
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๐ In this episode, David Baughier welcomes Karsten Jeske, aka Big ERN, to explore the critical topics of Sequence of Returns Risk and Safe Withdrawal Rates, essential for anyone planning their retirement. ๐ผ
๐ก Karsten shares his journey from a finance professional to a renowned blogger, emphasizing the importance of customized retirement planning and effective risk management. ๐
๐ Episode Highlights:
๐ฅ Karsten's journey into retirement planning and blogging
๐จ Strategies to manage Sequence of Returns Risk
๐ก Effective safe withdrawal rates and retirement timing
๐ Insights into diversified portfolio and asset allocation
๐ Options for your retirement income strategies
๐ Karstenโs Links:
๐ Early Retirement Now Blog
๐ Safe Withdrawal Rate Series
๐ฃ Big ERN's CampFI Talk about the Need for Precision
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
#๏ธโฃ Hashtags: #SequenceOfReturnsRisk #SafeWithdrawalRates #RetirementPlanning #KarstenJeske #MarketVolatility #RetirementIncome #AssetAllocation #DiversifiedPortfolio #NegativeReturns #FinancialSecurity #TaxEfficientRetirement #FI #FinancialIndependence #EarlyRetirement
๐ Timestamps/Chapters:
0:00 - ๐ Introduction to Sequence of Returns Risk and Safe Withdrawal Rates
2:32 - ๐จโ๐ซ Karsten Jeske's Background and Expertise
5:03 - ๐ Transitioning from Professional Work to Blogging
11:11 - ๐ผ Karsten's Experience in Finance and Economics
14:37 - ๐ Defining Sequence of Returns Risk and Safe Withdrawal Rate
23:46 - ๐ต๏ธโโ๏ธ Factors to Consider Before Officially Retiring
29:11 - โณ Planning for Retirement Timing and Market Factors
36:06 - ๐ Mindset Shifts from Accumulation to Decumulation
39:55 - ๐ Navigating the Safe Withdrawal Rate Series on the Blog
40:21 - ๐ฅ Introduction to the Fire Community
47:04 - ๐ Importance of Research Before Retirement
52:16 - ๐ก Debunking the Bucket Strategy
1:05:19 - ๐ Managing Sequence Returns Risk
1:14:55 - ๐ Considering the Risk of a Recession
1:17:37 - ๐ฌ Perception of Safe Withdrawal Rates
1:19:34 - ๐ง Acknowledging Expertise in Safe Withdrawal Rates
๐ง Listen & Subscribe:
Donโt forget to subscribe to "Forget About Money" for more insightful episodes featuring experts who guide you on simplifying your finances and achieving financial independence. Hit the bell icon ๐ to get notified of new episodes!
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๐ฅ David chats with Naseema McElroy, a registered nurse and financial coach behind Financially Intentional. ๐ฆ
๐ก She emphasizes the importance of simplifying finances, budgeting, and low-cost investing for long-term success. ๐
๐ Key Topics Discussed:
โจ The importance of simplifying finances
โจ Psychological benefits of financial simplicity
โจ Simple investment strategies for financial independence
๐ Naseemaโs Links:
๐ฅ Financially Intentional Website
๐ธ Naseemaโs Instagram
๐ธ Financially Intentional YouTube Channel
๐ฐ Monarch Money
๐ A Simple Path to Wealth by JL Collins
๐ The Index Card Book
๐ The Millionaire Next Door Book
๐ฆ Move Your 401k For Free
๐ David's Links:
๐ฐ Free Money Course
๐ Forget About Money on Apple Podcast
๐ง Forget About Money on Spotify
๐ค SPIVA Report of Passive vs Active Fund Performance
๐ Like, Share, and Subscribe: If you enjoyed this episode, please like, share, and subscribe! Your support helps us bring more valuable content to you.
#๏ธโฃ Hashtags: #FinancialSimplicity #NaseemaMcElroy #DebtFreeJourney #Budgeting #SimpleInvesting #FinancialIndependence #PassiveInvesting #FinancialLiteracy #SimplifyFinances #MoneyManagement #EarlyRetirement #InvestingMadeEasy
๐ Timestamps/Chapters:
0:00 - ๐ Introduction to Naseema McElroy's Journey
3:39 - ๐ Evolution of Financial Perspectives
5:31 - ๐ Societal Pressures and Financial Complexity
8:28 - ๐ Overcoming Financial Confusion and Complexity
10:57 - ๐ก Impact of Budgeting on Financial Simplification
11:59 - ๐ง Psychological Benefits of Simplifying Finances
13:36 - ๐ Pursuing Financial Independence Through Simplicity
15:29 - ๐ The Case for Simple Investing Strategies
16:51 - ๐ฌ The Illusion of Complexity in Investment Strategies
20:24 - โ ๏ธ Pitfalls of Combining Insurance and Investing
23:25 - ๐ช Embracing Simplicity in Wealth Building
24:20 - ๐ง Mindset Shifts Towards Financial Simplification
25:40 - ๐ The Role of Financial Literacy in Complexity Perception
26:42 - ๐ The Financial Independence Curriculum Debate
37:32 - ๐๏ธ The Complexity of Investment Strategies
46:38 - ๐ฅ Overcoming Fear and Taking Action
47:48 - ๐ Essential Resources for Financial Simplification
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