Budgeting

Insider Secrets to Buying Your First Home and Avoiding the Rookie Mistakes | Scott Trench & Mindy Jensen

Buying your first house is no joke – from the downpayment to the mortgage, to finding the right house, to the paperwork and more, it can be quite a process. So how do you buy your first house with ease and avoid some rookie, aka costly, mistakes? 

buying your first home

Scott Trench and Mindy Jensen, co-hosts of the BiggerPockets Money Podcast and authors of the new book, First Time Homebuyer, are our guests on this episode to share how to buy your first home, why your purchase really isn’t an investment, the importance of an exit strategy, and why you shouldn’t think about buying a house without a reserve fund. So press pause on HGTV, and tune in for this how-to-buy a home episode.

What You’ll Learn

  • Your first-time home buyer checklist
  • Why your home purchase really isn’t an investment
  • The importance of an exit strategy
  • How to find your payback period
  • Is this a good time to buy your first house
  • How to think like an investor when you buy a home
  • Why you need a strong reserve fund

Links

Meet Scott and Mindy

Scott Trench is CEO of BiggerPockets, co-host of the BiggerPockets Money Podcast, a real estate investor and broker, and a bestselling author of Set for Life. Through a solid understanding of money management, calculated risks, and a lot of hard work, he created financial freedom for himself as well as a successful real estate business just three years after graduating college. Scott currently lives in Denver, Colorado, and enjoys skiing, rugby, craft beers, and terrible punny jokes.

Mindy Jensen has been buying and selling homes for more than twenty years. Currently, she’s working on her ninth live-in flip—she buys ugly houses, moves in, makes them beautiful, sells them, and starts the process all over again. She is a licensed real estate agent in Colorado, co-host of the BiggerPockets Money Podcast, author of How to Sell Your Home, and the Community Manager for BiggerPockets.com. When you can get her to stop talking about real estate, you can find her on her bike or adventuring in the beautiful mountains of Colorado.

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Posted in Budgeting, Life, Podcast | Comments Off on Insider Secrets to Buying Your First Home and Avoiding the Rookie Mistakes | Scott Trench & Mindy Jensen

The Power of Creating Cash Flow | Chris Miles

Let me tell you a secret. The most important foundational principle you need to know about money is the power of cash flow. Yes, it’s really all about the money flow. Stay tuned to hear the seven secrets to free up cash, why you need passive income and how to get your cash flowing with our guest Chris Miles.

Cash Flow isn’t something that is taught often when it comes to personal finance, but honestly, just think of where you’d be if you didn’t have cash flow. It’s how you pay for things…and as you go through life, it’s really all about cash flow. How much is coming in and how much is going out is the name of the game. Thankfully, Chris, the Cash Flow Expert, and Anti-Financial Advisor is here to help you master the cash flow game.

How cash flow can change your financial situation

Chris Miles is a leading authority teaching entrepreneurs and professionals how to get their money working for them TODAY! He’s an author, podcast host of the Chris Miles Money Show, has been featured in US News, CNN Money, Entrepreneur on Fire, and has a proven reputation with his company, Money Ripples, getting his clients fast, financial results. In fact, his personal clients have increased their cash flow by over $250 Million in the last 11 years!

Links

Money Ripples https://moneyripples.com

The Chris Miles Money Show https://www.blogtalkradio.com/moneyripples

Chris on Facebook http://www.facebook.com/moneyripples

How to Build Passive Income with Rachel Richards https://bit.ly/3fKoJVU

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Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to Policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

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Smart Money: How to Make the Most Out of Your Money This Summer

This summer is going to be epic! In between trips to see friends you haven’t seen in over a year, lazy days by the pool, and countless scoops of ice cream on a hot day, take a listen to my list of smart money steps to take this July through September to get your money shaped up for fall.

smart money moves

From my viewpoint, this summer is going to be unlike any other summer. Maybe you’re traveling, or going to concerts, or eating out again…whatever it is, this summer is likely going to cost more money than last summer. That means it’s time to figure out how to make the most out of your money this summer so you can enjoy it like a rockstar.

What You’ll Learn

  • Why this summer might cost you more money and what to do about it
  • How to give your money a summer cleanup
  • Why you need to create summer money goals
  • Easy ways to create a money system you can follow
  • My 5 steps to financial freedom

Links

How to Invest and Make Money Every Day with Jerremy Newsome https://bit.ly/3wdJkrW

Learn How to Invest as a Side Hustle with Teri Ijeoma https://bit.ly/3xloAQj

Episode Sponsors

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Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to http://www.policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

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How to Be Financially Empowered | John Hope Bryant

“There’s a difference between simply making money and building wealth. The former is what you do while you’re awake to generate cash flow. The latter is made in your sleep.” In this episode, John Hope Bryant, entrepreneur, philanthropist, author, and thought leader shares how to be financially empowered, how to build financial inclusion, the power of financial literacy, the #1 money lesson you need to know, and how you build wealth starting with this.

Meet John

Referred to as the Conscious of Capitalism by Ed Bastian, CEO of Delta Air Lines, and James Herbert, Chairman and CEO of First Republic Bank, John Hope Bryant is an American entrepreneur, author, philanthropist, and prominent thought leader on financial inclusion, economic empowerment, and financial dignity. He is named as Atlanta Business Chronicle’s “The Power 100: Most Influential Atlantans in 2020”, and American Banker magazine’s 2016 “Innovator of the Year”, and one of Time magazine’s “50 Leaders for the Future”.

Mr. Bryant is the Founder, Chairman, and CEO of Operation HOPE, Inc. the largest non-profit, best-in-class provider of financial literacy, and economic empowerment services in the United States for youth and adults. He is also the Chairman and CEO of Bryant Group Ventures and Founder and Principal of The Promise Homes Company, which is the largest minority-controlled owner of single-family rental homes in the United States. Five former U.S. presidents have recognized his work, and he has served as an advisor to three sitting U.S. presidents from both political parties.

He is responsible for financial literacy becoming the policy of the U.S. federal government. He has received hundreds of awards and citations for his work, including Oprah Winfrey’s Use Your Life Award, and the John Sherman Award for Excellence in Financial Education from the U.S. Treasury. He is the author of bestselling books Up From Nothing, The Memo, How the Poor Can Save Capitalism, and Love Leadership.

What You’ll Learn

  • Why is financial literacy a new civil rights issue
  • Ways to become financially empowered
  • How to develop true wealth and why it matters
  • How to escape the feeling like there will never be enough money
  • John’s journey into financial literacy
  • John’s #1 financial lesson that you need to learn

Links

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Big thanks to our sponsors who make this podcast possible!

Meet the eco-friendly, FREE online shopping service called Olive. When you shop with Olive, you’ll get consolidated, cardboard-free deliveries from over 100 of your favorite fashion sites. And you can return any items you don’t want without ever leaving your home! Check it out at http://www.shopolive.com and enjoy!

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How to Create a Money Minimalism System That Works For You | Mallory Rowan

Imagine a life where every money decision you make is very intentional. Everything you buy has a purpose and a reason. You invest with purpose, you save with purpose. If this feels a million miles away, this episode is for you. Guest Mallory Rowan will indoctrinate you in what it means to embrace money minimalism and bring intention into every money decision you make.

Mallory is a  business coach who has grown a multi-six-figure business, one that almost killed her. It was then when she realized that money minimalism was going to be the way she could get her life and money back on track. In this episode, Mallory’s sharing how to create a money minimalism system that actually works for YOU. One that will help you love saving your money and make it work flawlessly.

Money minimalism system

What You’ll Learn

  • What is money minimalism
  • How to create an easy to manage money system
  • Ways to motivate yourself to save money
  • What role do goals play in your money success
  • Mallory’s story of business success and burnout

Meet Mallory

Mallory Rowan is a no-fluff, anti-hustle business coach who focuses on helping you build a brand that aligns with your life brings you the income you desire and creates a sustainable approach from day one. Six years ago, Mallory co-founded LVD Fitness, a lifestyle brand for athletes wanting to make an impact. She grew it to a global, multi-six-figure business and it almost killed her. Today, she helps entrepreneurs build without burning out. She helps people zero in on how to grow their brand in a way that works, and feels really good. She has been featured as a Shopify Master, a lululemon ambassador, and one of United Way’s “People to Know”.

Episode Links

Mallory’s website https://www.malloryrowan.com/

Mallory’s Instagram http://instagram.com/malloryrowan

Mallory on TikTok https://www.tiktok.com/malloryrowan

EPISODE SPONSORS

Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to Policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

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How to Think Like a Breadwinner and Transform Your Money| Jennifer Barrett

Are the choices you’re making with your money bringing you closer to the future you want or further away? We’ll uncover how to think like a breadwinner and transform your money in this episode with author, journalist, and financial expert, Jennifer Barrett.

Jennifer Barrett is the Chief Education Officer at Acorns, a saving and investing app with more than 9 million users. She’s also the author of the upcoming book “Think Like a Breadwinner,” a wealth-building manifesto for women. A contributor to Forbes, she’s also written about money for publications like The New York Times, The Wall Street Journal, The Washington Post, and Newsweek. Jennifer’s co-authored two other personal finance books and is often featured as a money expert in the media. She also advises three female-led startups and provides leadership coaching to female founders. A proud breadwinner herself, she lives in Brooklyn with her husband and two sons.

What You’ll Learn

  • What does it mean to be a breadwinner
  • How to develop a breadwinner mindset – and why it matters
  • How to create a healthy relationship with your partner if you’re a breadwinner
  • Money steps to think like a breadwinner
  • Jennifer’s breadwinner story

Links

Related Episodes

Episode Sponsors

Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to Policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

Find out how Upstart can help you lower your monthly payments and pay off your today when you go to upstart.com/mymoney. 

Give your mom the most meaningful gift this Mother’s Day with StoryWorth. Get started right away with no shipping required by going to StoryWorth.com/mymoney. You’ll get $10 off your first purchase!

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Posted in Budgeting, Career, Life, Podcast | Comments Off on How to Think Like a Breadwinner and Transform Your Money| Jennifer Barrett

Why Money Is Not Your Biggest Problem | Nicole Mayer

Money is not always your biggest problem. Staying stuck in a dream state quite possibly is. As Financial Planner, Nicole Mayer says, most people stay stuck in a dream state and never really achieve their money goals. In this episode, we talk about why money isn’t your biggest problem, why bigger doesn’t always mean better, how to pivot when the shit hits the fan in life, and how to sustain staying on track with your goals in life.

What You’ll Learn

  • Uncover why money isn’t your biggest problem
  • How to escape the dream cycle when it comes to your money goals
  • Why more money isn’t always the answer
  • How to align your money with your future goals
  • How to pivot your money and goals when sh*t comes up

Links

Meet Nicole

Nicole Mayer (AIF®, BFA TM, CDFATM, RFC®) is a Best Selling Author, Speaker, and Founder of 2nd Opinion Partners.

If you met Nicole today you would never believe that at one point her life was completely falling apart. Taking out student loans to support her family, a dysfunctional marriage, and being pregnant while discovering she had a life-threatening tumor. It was only when death was staring her in the fact that she finally decided she needed a major change and started to plan out her best life possible. With nothing to lose and everything to gain, she went on a journey that led her to discover a failproof formula to a lasting transformation.

Today she is a partner in a company managing over $300 Million helping thousands of people go from struggle to success and is the bestselling author of ‘Navigating Life’s Transitions’ – Connecting Your Means to your Meaning’.

Nicole is living the life she could only once dream of. Most people stay in the dream state and Nicole’s mission is to help them transform their dream into a reality. Because if you fail to plan you plan to fail.

Episode Sponsors

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Posted in Budgeting, Life, Podcast | Comments Off on Why Money Is Not Your Biggest Problem | Nicole Mayer

The Three-Step Method to *Finally* Do Budgeting Right | Rob Bertman

How many times have you tried to budget only to find yourself unmotivated, stress out, and ready to just give up on it all? You are not alone. Most people don’t enjoy budgeting and just give up after a few months. However, there is power in knowing what money is coming in and out of your bank account. In this jam-packed episode, Rob Bertman, CFA, CFP, and the founder of Family Budget Expert, will show you how to use a three-step method to finally do budgeting right.

What You’ll Learn

  • Why budgeting doesn’t work for most people
  • Why budgeting is important, even if it feels like a chore
  • How to use Rob’s three-step method to manage your budget
  • The best tools to help you with your budget
  • How to budget as a couple

Links

Meet Rob

Rob Bertman, CFA, CFP is the founder of Family Budget Expert. He helps couples and families cut their spending so they can go from feeling behind & arguing about money to the new reality of building savings and getting out of debt without a restrictive budget.

Episode Sponsors

A big thank you to all our episode sponsors who make this podcast possible!

Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to Policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

Find out how Upstart can help you lower your monthly payments and pay off your today when you go to upstart.com/mymoney.

The average person saves $720 per year with Truebill. Take control of your finances and start saving at Truebill.com/MM.

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Posted in Budgeting, Podcast | Comments Off on The Three-Step Method to *Finally* Do Budgeting Right | Rob Bertman

Build Your Path to Financial Freedom & Retirement At Any Age | Eric Brotman

Let’s talk about the “r” word – retirement. It’s going to look a lot different for you and me than it did for our parents and grandparents, and that’s a good thing. What does this mean to you? Well, it means that you’re going to need to scrub your previous definition and fill it in with a new one, according to our guest, Eric Brotman, CFP and author of the new book and podcast, Don’t retire Graduate!

What You’ll Learn

  • Why the old definition of retirement doesn’t fit
  • How to create financial freedom at any age
  • What a fully funded retirement looks like
  • How to build a financial moat
  • Eric’s money tips to have to balance life and saving for retirement

Meet Eric

Eric D. Brotman, CFP™ is the CEO of BFG Financial Advisors with over 25 years of experience as a trusted advisor. He believes financial literacy is the key to well-being and is the author of multiple books on personal finance and the host of the Don’t Retire…Graduate! podcast. Eric appears regularly on WBAL NBC-11 in Baltimore and his approachable and actionable financial advice has been featured in the Wall Street Journal, Forbes.com, Yahoo! Finance, Reuters, and others. Learn more at http://www.bfgfa.com or about the Don’t Retire…Graduate! podcast at http://www.brotmanmedia.com.

Links

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Posted in Budgeting, Life, Podcast | Comments Off on Build Your Path to Financial Freedom & Retirement At Any Age | Eric Brotman

Simplify, Organize, and Maximize Your Money | Tania Brown

What is the value of time when it comes to your money? Most financial experts preach that you need to consistently get rid of expenses in order to thrive financially. However, there is a good argument that spending money on things that create more time is actually one of the smartest money moves you can make.

In this episode, Tania Brown, Certified Financial Planner and owner of Financiallythrivingmom.com is showing you why you should invest in your areas of struggle in your life and breaking down how to simply, organize, and maximize your money.

What You’ll Learn

  • How spending money can help you create time
  • Easy ways to organize your money
  • Ways to create a life around what matters to you most
  • Simple money tricks for moms to simplify their money

Meet Tania

Tania Brown, an Army veteran, is a CERTIFIED FINANCIAL PLANNER® and the owner of FinanciallyThrivingMom.com. Over her 18-year career, she’s taught time-saving tips to help thousands of busy moms at multiple Fortune 500 companies learn how to simplify, maximize, and organize their financial lives so they can build financial security and create a life they love. When she is not nerding out over the latest budgeting app, Tania is living out her other passions: fostering teens, volunteering, serving at her church, and continuing her never-ending quest of finding the very best chocolate.

Links

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Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to Policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about.

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Posted in Budgeting, Life, Podcast | Comments Off on Simplify, Organize, and Maximize Your Money | Tania Brown

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