Episodes
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Can your money mindset be the key to financial freedom? In today's special episode of Money Conversations with KJ, we promise to unveil the secrets to transforming your financial struggles into successes. Join us as we dissect the reasons why many people find themselves trapped in a relentless cycle of earning and spending without clear goals. From setting specific financial objectives to making your money work for you through investing, we'll guide you on how to break free from living paycheck to paycheck. Inspired by Warren Buffett's wisdom on making money while you sleep, this episode will empower you to take control of your financial destiny.
Discover the hidden hours in your week that you can convert into productivity and additional income. We'll walk you through practical exercises designed to maximize your time and discuss the differences between passive and active investing, with a focus on retirement accounts like 401(k)s and Roth IRAs. Learn to overcome the emotional barriers that keep you from engaging with your finances and step towards financial independence. Plus, explore the Money Mastery Institute's free resources to shift your money mindset and learn to invest wisely. Don't miss next week's episode featuring an inspirational guest story on achieving financial freedom!Don't forget to subscribe, like and share it with a friend or two!
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What if the financial habits you picked up from your parents are shaping your future more than you realize? Join "Money Conversations with KJ" as we welcome Kim Cooper, a wife, mom, and attorney, who takes us through her compelling journey of navigating financial literacy while raising a family. From the trials of single parenting in the early 80s to the triumphs of equipping her children with financial wisdom, Kim’s story underscores the critical importance of staying involved in your children’s education and interpreting financial concepts beyond just academic grades.
Ever wondered how distinguishing between wants and needs can shape your financial future? This episode dives deep into budgeting and financial discipline, drawing from Kim's early experiences of saving for a car and college. Learn how Kim transformed modest-income jobs into long-term financial stability through meticulous budgeting and clear, actionable goals. Her narratives highlight the lasting benefits of instilling disciplined financial habits early on, offering valuable lessons for parents and young adults alike.
Financial literacy isn't just about crunching numbers; it's about open conversations and practical knowledge. We explore how financial behaviors are influenced by our parents, featuring Kim’s insights from observing her bookkeeper mom and impulsive dad. Discover the power of responsible credit building during college years and the significant role credit plays in adult life. Finally, we discuss the importance of early financial education, setting clear financial goals, and navigating retirement planning, all peppered with Kim's personal anecdotes and practical advice. Tune in for a wealth of knowledge that can help you improve your financial literacy and stability.Don't forget to subscribe, like and share it with a friend or two!
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Missing episodes?
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Ever wondered how someone can rise from the challenges of a large, financially struggling family to a successful corporate career? Our guest Norvell McDonald shares his extraordinary journey that began in the bustling streets of New York City. His story, marked by resilience and determination, is a beacon of hope for anyone aspiring to overcome their starting point. Discover how Norvell's early dreams of escaping poverty led him to master goal-setting and achieve financial security, ultimately shaping his inspiring career and fulfilling retirement.
Norvell's narrative takes a touching turn as he recounts the pivotal role mentorship played in his life. Separated into foster homes at 11, he found a guiding light in Bob Griffin, whose support was instrumental in Norvell's academic and athletic success. This mentorship not only provided hope but also directed him towards Northeastern University and a thriving career. Norvell’s experience underscores the profound impact of mentorship and the strength of the human spirit, no matter the adversities faced.
In this episode, we also cover essential financial topics, offering listeners a practical roadmap to financial literacy. From managing credit card debt to understanding the nuances of retirement planning, Norvell imparts valuable lessons from his own financial mishaps. Learn about the importance of early investment, the differences between various financial philosophies, and why teaching financial literacy to children can set the foundation for future success. This episode is filled with actionable insights and inspiring stories, perfect for anyone aiming to achieve financial stability and success.Don't forget to subscribe, like and share it with a friend or two!
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Ever wondered how the subtle art of compound interest can revolutionize your financial destiny? Today's episode, featuring finance guru Aaron Banks, promises to equip you with the insights you need to turn your paycheck into a powerhouse of financial growth. We get personal about money management, sharing stories that shed light on the critical decisions that can lead to prosperity or peril. Our conversation ventures into the realm of young entrepreneurs, like a diligent house cleaner in Las Vegas, whose real-world dilemmas underscore the importance of making smart investment choices to avoid the traps that snare many budding business owners.
Debt doesn't have to be a dirty word if you know how to distinguish the good from the bad. Aaron and I dissect how savvy investments, like real estate, can transform what many view as a liability into a strategic asset. Conversely, we dissect the pitfalls of credit card debt, highlighting how it can escalate at an alarming rate. Our discussion isn't just theory; it's a practical guide on leveraging credit cards for cashback rewards and breaking free from living paycheck-to-paycheck. You'll walk away with actionable advice on how to manage your money with finesse and the confidence to use credit cards as tools for gain, not just spending.
Lastly, Aaron and I share personal journeys towards financial literacy and discipline, emphasizing the liberation that comes with a debt-free life. We also address the heavyweight champion in the ring of personal finance—protecting your assets. Listeners will come to understand why neglecting this can be as perilous as teetering on the edge of the Grand Canyon. The episode wraps up a comprehensive discussion on the psychological shifts necessary to prioritize needs over wants, driving home the importance of making informed financial decisions that safeguard your future and the well-being of your loved ones.Don't forget to subscribe, like and share it with a friend or two!
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Ever been puzzled by the paradox of earning plenty yet still struggling to make ends meet? Aaron Banks joins me, KJ, to unravel this enigma and arm high earners caught in the paycheck-to-paycheck trap with actionable insights. We're not just talking about tightening those purse strings; we're discussing how to merge passion with side hustles, make your mark in job interviews by presenting your unique value, and the fine art of salary negotiation. Get ready to redefine financial success on your own terms and leave the dangerous game of comparison behind.
Navigating life's transitions, like welcoming a new family member, while keeping your finances afloat can feel like sailing in stormy seas. That's where our deep dive into advocating for yourself in the workforce comes in, providing you with the compass to steer towards better pay and hours. We also chart the course through the burgeoning online income world, with a critical look at platforms like Free Cash, and offer strategies for managing debt responsibly. Our mission is to propel you towards financial stability with the skills and confidence to make informed decisions.
Finally, we plot a course for financial literacy with the introduction of our "Roadmap to Financial Literacy, Workbook." This isn't just another guide; it's your personal finance GPS, assisting you in setting goals, tracking progress, and making life choices that resonate with your values. Whether you're deciding between the city buzz or countryside serenity, renting or buying, or seeking multiple income streams, this episode is your ticket to breaking the paycheck-to-paycheck cycle and embarking on a journey to financial freedom. So set sail with Aaron and me, and let's chart a path to a future where your finances are as robust as your dreams.Don't forget to subscribe, like and share it with a friend or two!
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Have you ever wondered why even those with six-figure incomes can feel the money crunch at the end of the month? Join me, KJ, and my insightful sidekick, Mr. Aaron Banks, as we dissect the perplexing trend of affluent Americans tethered to the paycheck to paycheck lifestyle. Our latest episode of Money Conversations walks you through the maze of lifestyle inflation, the subtle pitfalls of 'keeping up with the Joneses,' and why budgeting is not just a practice for those on a tightrope of financial survival. We promise you'll walk away with practical steps to stretch your dollar further, regardless of the size of your paycheck.
There's a sweet spot between earning and saving, and we're here to help you find it. Mr. Aaron Banks and I crack open the realities of a $100,000 yearly income, from the bite taxes take out to the monthly dance with expenses that can leave your wallet feeling light. We don't just stop at problems; we serve up solutions, discussing the power of compound interest, strategic budgeting, and the immense psychological rewards of watching your savings blossom. Whether you're aiming for a mortgage down payment or padding your retirement nest egg, we share personal stories and expert advice to keep you motivated on your journey to financial freedom.
As the series wraps, we don't gloss over the rough patches. We empathize with the stress of inflation—how a trip to the grocery store can evolve from a pleasure to a pressure point. With an open heart, we reflect on the realities of credit card debt and the emotional toll it takes on American families. Our ongoing Money Talks series is your weekly dose of fiscal wisdom, aiming to arm you with the knowledge to navigate the choppy waters of personal finance. Remember, it's not about how much you earn; it's about how you manage, save, and invest. So, keep us dialed in, and we'll keep the insights coming.Don't forget to subscribe, like and share it with a friend or two!
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Unlock the door to financial freedom with our latest episode, where Cathy and I dissect the pervasive myths surrounding the paycheck to paycheck lifestyle in my just released book, "Breaking the Paycheck to Paycheck Cycle." You'll embark on a journey to reshape how you view and handle your money, no matter your income bracket. We tackle the inherited financial beliefs that shape our spending and saving habits, advocating for the creation of new money traditions to sidestep the pitfalls of generational poverty. With my insights, you'll see how a simple budget can act as a personal scoreboard, giving you a clear line of sight to your financial goals and the means to reach them.
Embark with us as we demystify the world of savings and investments, revealing how purposeful saving can be a game-changer in your financial playbook. Cathy and I break down the rule of 72 and other investing essentials, turning what can often be an intimidating topic into an approachable strategy for wealth accumulation. You'll learn the power of consistent saving habits and how investing is a crucial step not just for a comfortable retirement but financial empowerment. Our conversation is packed with tangible advice, tools, and quizzes that will equip you to take control of your financial future.
Finally, we place the spotlight on the often-overlooked aspect of financial literacy—asset protection. Learn why setting up legal structures and having an estate plan isn't just for the wealthy, but a necessary defense for anyone looking to safeguard their hard-earned assets. We redefine retirement as financial independence, where living off your investments is a reality, not just a distant dream. So, if you're ready to take a leap towards securing your financial independence, let us guide you with expert advice and the opportunity for a personal financial consultation. Tune in and transform the way you think about and manage your money.Don't forget to subscribe, like and share it with a friend or two!
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Get ready to fundamentally alter your financial outlook in our latest podcast episode featuring the seasoned real estate investor and agent, Gary Wilson. Engage with us as we journey through Gary's remarkable life experiences, from childhood lessons on the value of money to the development of vital skills such as diligence, self-discipline, and salesmanship. Listen closely as Gary shares how these foundational skills have propelled him into entrepreneurial success, enabling him to control his time and continuously expand his business.
Don't miss out, as we tackle the ever-important topic of credit card debt, where we distinguish between good and bad debt. Gary shares a candid look into his experience leveraging debt to make money and cautions against the misuse of credit cards for consumer purchases. We delve into the vital role of mentors in our lives, recounting our experiences and emphasizing the importance of acquiring revenue-generating assets before luxuries. Get in the know as we uncover the perks of assuming VA mortgages and why financial responsibility is key.
Before we wrap up, we venture into the critical aspect of imparting financial knowledge to the younger generation and the significance of setting clear goals. For hesitant parents, we share practical advice on broaching money matters with their children, reinforcing the importance of equipping them for future financial success. We debunk the misconception of solely relying on a 401K for retirement and underline the importance of having multiple income streams. As the icing on the cake, we share retirement planning nuggets from Gary, who retired at 40, emphasizing the need to start early, leverage compound interest, and understand the rule of 72. Don't miss this power-packed episode poised to revolutionize your financial future.Don't forget to subscribe, like and share it with a friend or two!
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Are you ready to walk the road to financial independence? Come along as we journey with my daughter, Faith, who has been charting her course since she was just 15. We'll reminisce over those early days when she absorbed financial lessons from Jim Rohn videos and sought her first job at Downtown Summerlin Mall. From those humble beginnings to maximizing her Roth IRA and building a robust credit history, Faith's story is a testament to the power of early financial literacy. Her consistent practice of maxing out her Roth IRA has set her on the path to a nest egg of $1.8 million by the time she turns 62.
Faith's financial journey has also led her to the world of real estate. She'll share her experience of going from zero to a credit score of 750, and the process of purchasing her first condo. We'll explore the importance of having cash readily available and how down payment assistance programs can be a game-changer. Her success in real estate is a compelling example of how consistent saving, responsible credit card use, and smart investing can lead to financial independence.
So, if you're seeking motivation to begin or continue your financial literacy journey, Faith's story is sure to inspire. From early money conversations to building a substantial nest egg and owning a condo, she's turned the lessons of her financial education into tangible results. As we share more inspiring journeys, don't forget to subscribe. Come, let's explore the paths to financial independence together.Don't forget to subscribe, like and share it with a friend or two!
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Ever wanted to feel confident about your financial future? Wish you had learned about money management at an earlier age? In our enlightening conversation with Gordy Bustos, we promise to unravel profound insights about financial literacy that will change your perspective.
Gordy Bustos, my wife's cousin, has an intriguing story to share about his journey with money. From earning rewards for good grades at age seven to teaching his daughters the power of compound interest, Gordy's experiences are packed with wisdom. He shares the significance of having a goal while saving, the impact of early setup of an IRA on retirement, and the role visualization can play in teaching financial concepts. We even delve into my daughter's milestone of buying her own condo at just 20 years old.
But that's not all. We also confront the fear that often accompanies investing, and Gordy helps us navigate through these financial waters. He distinguishes between a financial advisor and coach, emphasizing the benefits of having both. We broach the subject of real estate investing and the value of understanding multiple investment avenues. By the end of our conversation, you'll learn that financial literacy is not just about being frugal, but also about adopting a positive outlook and stress management. So, if you're ready to take control of your financial future, tune in for this enlightening episode!Don't forget to subscribe, like and share it with a friend or two!
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In this episode you will hear Henry talk about like most people growing up that his parents did not talk to him about money and he learned to hustle early in life. For those of you that can remember the MAD Magazine, Henry ordered from an advertisement in the back of the magazine seeds that consisted of vegetables and flowers, so he sold seeds around his neighborhood. Henry did this so he could make extra money and go to the corner store and get what he wanted. When Henry was a bit older he went with his Mom to an Art class and learned how to make a Christmas Wreath using garbage bags and then again sold them to his neighbors and that's when he understood the value of money and it is better to trade value for money and not time for money which is what led him to a lifelong career in entrepreneurship.
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In this episode you will hear Carlos talk about his first memory with money and he thinks back to when he was in High School. When Carlos was younger his first memory with his parents talking about money was always save, save, save...not ever talking about how to use money as a tool. Thinking back Carlos remembers his parents being spenders and in turn he became a spender as well, when money was made it was spent on items that he wanted. Carlos remembers his parents having a 401K as a way for them to save. When Carlos was very young his Dad worked 3 jobs so that his Mom was able to stay home and take care of him and his sister and because of that they hardly saw him. Carlos knew when he was thinking of getting married that he did not want to work 3 jobs so he had to figure out which path to take and developed a great work ethic. After Carlos was married and bought his first house he had a neighbor who first started talking to him about money and investing. The neighbor started inviting Carlos to events, Carlos took out a personal loan and started investing in himself, got a Mentor which changed everything at that point. Continue listening to Carlos's story and his growth with money and always learning.
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In this episode you will hear Gina talk about her first recollection with money when she was 20 years old when she realized money was something you use to get things you want. Gina's Mom in the family was a frugal spender and her Dad was a very responsible saver and so Gina followed her Dad's habits with money. When Gina was 18 she got a bank account, a job and got her first credit card. At the age of 26 Gina became divorced and a single Mom but with her great work ethic she got a good paying job being a bartender and was able to build her credit and make a life for her and her kids. Keep listening to hear the rest of Gina's story.
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In this episode you will hear Melva talk about when she was young her parents owned a small store in which they sold a variety of items including fuel in Mexico and she would watch her Mom stash away money to save. Melva noticed that her parents were different from other parents in the sense that they did not fall into the norm of either having a farm or harvesting the land. Melva was born here in the United States and when she was 3 years old her parents moved back to Mexico where she grew up. When Melva was 19 she moved back to the United States and moved to Houston, TX, she then took classes to get her GED so that she could go to college. Melva wanted to learn and get a degree but was struggling with work, school and not growing up in the U.S. it was hard for her to adapt so when she was 22 she moved back to Mexico where she attended college and received a degree in Industrial Engineering. This is an interesting story of Melva's life and her journey with money.
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In this episode you will hear Vernon talk about when he was young, his Mom was the one who raised him and his sister and he saw that she was a spender. Vernon would observe his Mom and others around him so he decided he wanted to be a saver. Vernon liked to save up enough of his lunch money, watch it grow and buy video games. When Vernon's cousin went to play in the NFL he saw what money advantages could bring you, so he decided that is what he wanted. When Vernon got his 1st credit card on the college campus his first thought was 'this is free money' because nobody tells you how credit works and how you should use the credit card. Vernon learned the importance of setting Goals and started writing them down more consistently about 10 years ago but actually started about 20 years ago and that was after he was arrested. Wanting to improve and transition his life and possibly become a lawyer, Vernon started reading a lot of books about successful people's lives. Continue listening to Vernon's story, it is a great story.
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In this episode you will hear how Tabitha started her career young. Tabitha was a Manager in Starbucks and going to college when a customer that owned a Mortgage company came in and asked her if she wanted to be his assistant while she was going to college. After working for him she decided that she wanted to become a loan officer and eleven years later now she still loves what she is doing. Tabitha's parents when she was growing up were spenders and when she was 18 she decided to move out and that is when she learned the concept of budgeting her money. When Tabitha was 16 years old her Mom got her a credit card and her Mom maxed it out on Bills, Tabitha was the one who ended up paying it off because she knew what a big deal having good credit was because it just makes your life financially easier. Continue listening to Tabitha's journey with money, this is a Great listen!
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In this episode you will hear Joe talk about when he was growing up his Dad had the same job for over 30 years and his Mom had several part time jobs just for extra money. A group of Joe's friends that he grew up with were the ones who introduced him to learn about money and so they were all self taught. Joe is currently a Branch Manager for Peterman Lumber and has been with the company for 18 years. Joe has always had a good work ethic and always wanted to figure out a way to make some money starting at the age of 12. When Joe was first making money he was spending it as fast as he was making it and racking up credit card debt. Joe's Grandmother wanted to make sure her grandchildren were on their way, established and homeowners so she gave Joe his downpayment for his first home at the age of 24. When Joe became a homeowner is when he started thinking more serious about saving and about his finances. Continue listening to Joe's journey with money, this is a Great listen!
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In this episode you will hear Steve talk about when he was around High School age he discovered his Stepdad was hiding money from his Mom so he would be able to buy things that he wanted. It didn't sit well with Steve as he knew it wasn't right, so when he later became married it affected him in the sense that he didn't want to keep things from his wife and he wanted to be able to afford things so he wouldn't have to worry about it. When Steve was young his family owned a gas station but then came the gas shortage of the 1970's and they unfortunately lost the gas station and Steve's family was affected by this financially. Steve's family lived on a 600 acre farm even though they were not farmers. For about 3 or 4 years how they got by so they could eat was they fished, hunted, grew food in a garden or bartered with another farmer. In the Winter time they would trap Muskrat, Mink, Fox and Raccoon, skin them and sell the furs to furrier's so they could have Christmas for the family. Continue listening to Steve's journey with money, this is a Great listen!
Don't forget to subscribe, like and share it with a friend or two!Don't forget to subscribe, like and share it with a friend or two!
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In this episode you will hear Norvel talk about how he grew up in New York City and is the 2nd child among 11 children (4 boys, 7 girls) that his parents had. When Norvel was 5 years old he dreamed of making it big in the World because at that time his family growing up was very poor. Being poor inspired Norvel to want to be able to have the things that he saw other people had that he was not able to have at that time. When Norvel was around 11 years old his family was broken up into a couple of Foster homes. The home/family that Norvel was placed in (the Griffin Family) really changed his life. When Norvel was in school he would play sports all year round and never missed a season which created his competitiveness. One day Norvel told Mr Griffin, who worked for IBM, 'One day I am going to take your job' and Mr Griffin replied 'Well Come On' which inspired Norvel. Norvel decided right then to work hard, making sure he took all the right classes, getting good grades and being able to go to Northeastern University. Continue listening on the journey and achievement that Norvel created for himself!
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In this episode you will hear from a previous guest that was on here early on...Harvey. Harvey has looked in his own personal mirror to discover his own happiness, being honest with what he saw, learned to be consistent with what he was doing and learned from his mistakes or failures with money. Harvey has self educated himself with money regarding wants vs needs, having patience and looking at all of his options and taking the time to write down his goals. Harvey learned from his wife to write down an action plan for the next day, check off what he completed and work on the rest of the tasks on the list the following day if something was not completed. Since learning to write everything down he knows exactly what he is doing, he has more focus and is building his cleaning business. Continue to listen to what Harvey has done to improve his life in every aspect.
Don't forget to subscribe, like and share it with a friend or two!Don't forget to subscribe, like and share it with a friend or two!
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