Life

Social Investing: What It Is & How It Can Help You Invest Without Fear | Katie Perry

According to the Pew Research center, only 52% of Americans invest in the stock market, and 88% of them have incomes over 100K.  Investing, even just 10  years ago, felt like something that was unattainable, confusing, and scary.

Thanks to apps like Public.com, the stock market is becoming democratized and using the power of social investing to change the game. Why not use this year to finally learn how to start investing? Our guest Katie Perry, VP of Marketing for Public.com, is here to share the power of using a social investing app that makes the stock market inclusive, educational, and fun.

What You’ll Learn

  • The power of social investing
  • How to start investing without fear
  • How to use the social community at Public.com to find companies to invest in
  • What role does financial literacy have in teaching you to invest
  • How the democratization of the stock market and implementation of community fosters responsible investing behaviors
  • What role does risk play into your investing strategy
  • Katie’s investing lessons that she’s learned while working at Public.com

Links

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Posted in Budgeting, Life, Podcast, Saving | Comments Off on Social Investing: What It Is & How It Can Help You Invest Without Fear | Katie Perry

Should You Buy a House in 2020 – What You Need To Know | Anthony Sherman

So, 2020, you’ve been a bit of an interesting year…but interesting doesn’t always mean it’s bad. Depending on what is going on in your world, now might be the right time to buy a house, believe it or not. What do you need to know, what credit score are you aiming for, how to secure the best loan, and countless other important details coming in this episode with Anthony Sherman, co-founder, and CEO of Simplist.

My Home Journey

I bought my first house when I was 24 and probably had no business buying a house. I thought I was rich because we had saved $10,000 and somehow convinced my parents to lend us some more money for the downpayment. We had been pre-approved for a home loan of $350,000. If you know anything about real estate prices in Los Angeles, $350,000 doesn’t get you much now, but it did over ten years ago.

I remember when we walked into our house on an open house tour. It’s true, the house does pick you! I fell in love with this little 1960s bungalow and all its unique features. There was a brick flooring in a little alcove and wood ceilings and the best backyard I could hope for.

The home buying process was grueling for someone who obsesses about numbers, but at 24, I didn’t think very much about it…I just wanted the house. I will say, there are a few things I learned about the process that can help you.

  1. Buy ONLY what you can truly afford (because stuff breaks right and left and you need cash to fix it)
  2. Find a house that still allows you to save and invest
  3. Find a house that has resale value (because you aren’t going to live in it forever)
  4. Look at a ton of houses…it helps you figure out what you really want
  5. Make sure three things are up to snuff: the roof, the windows, and the plumbing. (We spent over $25K to fix the plumbing just under a year after buying the house)
  6. Don’t forget to budget for yard work
  7. Sacrificing for your house is sometimes necessary, just make sure you can still have money for some fun

I’m sharing a bit more about my home buying journey in this episode, so enjoy!

What You’ll Learn

  • Is now the time to be looking for a new house
  • What credit score do you need in 2020 to get the best interest rates
  • How and why to get pre-approved for a mortgage
  • How to get a mortgage if you’re self-employed
  • What happens if you lose your job while you’re trying to buy a house
  • Best money practices to set yourself up for a mortgage
  • I share my own journey of buying a house

Episode Sponsor

Thanks to Indeed for sponsoring this episode. Try Indeed out with a FREE SEVENTY-FIVE DOLLAR CREDIT at Indeed.com/MYMONEY. This is their BEST offer available ANYWHERE!

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Posted in Budgeting, Credit, Life, Podcast | Comments Off on Should You Buy a House in 2020 – What You Need To Know | Anthony Sherman

The Powerful Connection Between Mental Health and Wealth | Melanie Lockert

How does debt make you feel? Maybe you feel anxiety, stress, fear, outrage, or even depression when you think about your debt. If this is you, please, first know you are not alone in these feelings. Debt is one of the #1 reasons for anxiety and depression and has even been described as a heavyweight that is pushing down on you every second of the day.

Melanie Lockert, the brains behind the successful blog Dear Debt, and the Mental Health and Wealth podcast, is sharing her story of dealing with debt, depression, and how she paid off over $81,000 in the process.

mental health and wealth

What You’ll Learn

  • Tricks to help you deal with anxiety and depression around money
  • The connection between debt and mental health
  • How to use side hustles to pay down your debt
  • Melanie’s story of paying off $81,000 of debt
  • How Melanie built a career sharing her debt journey
  • The art of finding joy, beauty, and pleasure each day

Links

Episode Sponsor

Thanks To EveryPlate for sponsoring this episode. Get 3 weeks of EveryPlate meals for only $2.99 per meal by going to EveryPlate.com and entering code mymoney3.

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Posted in Budgeting, Career, Life, Podcast | Comments Off on The Powerful Connection Between Mental Health and Wealth | Melanie Lockert

Start Making Million Dollar Choices With Your Money

I’m not quite sure, but somehow a million dollars became the marker of success. I can remember when I was younger saying I’m going to make a million dollars and then stop working and move to a tropical island. (I can dream, right). 

The truth is a million dollars today is not what it used to be, but what you can do is start making million-dollar choices with your money. This doesn’t mean a million is going to drop from the sky, but if you put your mind in million-dollar mode, you’ll already be ahead of the game. How do you start making million-dollar choices – good question, listen in, and I’ll let you in on the secret.

What You’ll Learn

  • Some sobering stats about the wealth gap
  • Six steps to start making million-dollar choices
  • Why you need to ditch a budget and get a money flow plan
  • How toxic thoughts and relationships might be keeping you from money success
  • The exact steps you need to start paying off your debt
  • Ways to diversify your income, investments, and your thoughts

Episode Sponsor

Thanks to EveryPlate for sponsoring this episode. Get 3 weeks of EveryPlate meals for only $2.99 per meal by going to EveryPlate.com and entering code mymoney3.

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How to Travel Safely & Save Money in 2020 | Scott Keyes

It is still possible to travel in 2020 and save money while doing so. Our guest on the podcast, Scott Keyes from Scott’s Cheap Flights, says that traveling is still possible even during this strange year and travel deals are still out there to be found. While you might not be able to travel abroad just yet, there are plenty of places to explore locally and scratch your travel itch.

What You’ll Learn

  • Is it safe to travel right now
  • Why traveling on a plane might be safer than you think
  • How to find travel deals (even in 2020)
  • What you need to know about booking a trip that you might need to cancel
  • The happiness effect of travel and how travel helps your mental state
  • How Scott’s Cheap Flights started and what makes them unique
  • How to figure out where to travel to

Links

Podcast Sponsor

Want to start a profitable blog but don’t know where to start? Head to https://bit.ly/startablogclass to sign up for a free 90-minute masterclass with Kate Kordsmeier and start building your profitable blog.

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Posted in Life, Podcast, Travel | Comments Off on How to Travel Safely & Save Money in 2020 | Scott Keyes

How to Maximize Your Money to Work For You Instead of Against You | Kennedy Reynolds

Do you look at the list of things you want to do with your money and break out into sweat not knowing what to do first, and when to do it? If you’re shaking your head yes know that you are so not alone. That is what makes money so interesting and so tricky at the same time. Not to panic though, our guest Kennedy Reynolds from Acorns is here to help you learn how to maximize your money to work for you instead of against you.

What You’ll Learn

  • How to make investing work for you
  • Easy ways to track your money each month
  • Why personal finance education is a difference-maker
  • The ins and outs of Acorns and how you can start investing with spare change
  • How to start teaching your kids about money

Links

Episode Sponsor

Get unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.

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Posted in Budgeting, Career, Life, Podcast | Comments Off on How to Maximize Your Money to Work For You Instead of Against You | Kennedy Reynolds

Do You Really Need Life Insurance | Allison Kade

Let me ask you this, are you married or do you have a committed partner? Do you have kids? Does someone depend on your income? Do you own a house? If you answered yes to any of these questions, then quite possibly you really do need life insurance. Allison Kade, the millennial money expert at Fabric is here to breakdown the ins and outs of life insurance and answer that burning question – do you really need life insurance.

life insurance

What You’ll Learn

  • Who needs life insurance and who doesn’t
  • How much life insurance do you need
  • What the heck is a healthcare proxy and do you need one
  • How much does life insurance cost
  • Why life insurance is a serious self-care act

Links

Podcast Sponsor

Get unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.

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Posted in Budgeting, Life, Podcast | Comments Off on Do You Really Need Life Insurance | Allison Kade

How To Buy What You Want & Skip The Debt | Daniela Corrente

Most of us have a love/hate relationship with debt. Debt can help you buy things like houses, cars, and to get a college degree, but debt can also feel like a giant anchor that is keeping you from moving forward. Stress, anger, depression, even suicide can be the result of having too much debt.

When Daniela Corrente moved to the U.S. she was introduced to the culture of you can achieve anything just by swiping a credit card. Knowing there had to be a better way to shop and spend her money, Daniela co-founded Reel, a shopping site that empowers people to buy what they want without going into debt. Can you imagine that – buy what you want and skip the debt?

What You’ll Learn

  • Understand the emotional side of debt
  • Hear Daniela’s story of going into debt and how it lead her to start Reel
  • How does Reel’s save-to-buy approach work
  • Should you use pay later services like Afterpay
  • Tips on how to shop debt-free

Links

Episode Sponsor

Get unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.

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Posted in Budgeting, Life, Podcast | Comments Off on How To Buy What You Want & Skip The Debt | Daniela Corrente

5 Easy Steps to Improve Your Finances (Even in 2020) | David Waldrop

Today’s guest, David Waldrop, is a friend of the podcast who has been on the show in the past He’s a CFP® and has so many great tips to help you build a stronger financial foundation, including these 5 easy steps to improve your finances. This is a reboot episode, but the content is still as good in 2020 as it was last year!

There are podcasts, and blogs, and articles and apps all giving you tips and strategies for your money and then there are so many places for your money to go – paying off debt, saving to build your er fund, college funds for kids, buying your first house, going on a trip to Europe to eat gelato in Italy. But there’s only so much money to go around.

What You’ll Learn:

  • Why it’s easier to start with easy money steps
  • What he thinks is the top money step that everyone must do
  • Why you shouldn’t overlook giving yourself a raise and how to do it
  • What the most overlooked money step is and why it’s important
  • What he would tell his 30 something self about life and money

Links:

Episode Sponsor:

Get unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.

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Posted in Budgeting, Credit, Life, Podcast | Comments Off on 5 Easy Steps to Improve Your Finances (Even in 2020) | David Waldrop

6 Money Lessons I Wish I Would’ve Learned Sooner

It’s my birthday month, so I’m celebrating with you by reminiscing over the six money lessons that I wish I would’ve learned sooner (so hopefully you don’t have to make the same mistakes).

money lessons

What You’ll Learn

  • The power in building buckets of wealth and what to do with your oh sh*t fund
  • Some of the biggest money lessons I learned from people who are very wealthy
  • The one mindset trick I use to get me in a better money mindset
  • How to ditch the money guilt complex and feel good about earning more money
  • Understanding the relationship between risk and reward
  • Why I love having a July birthday 🙂

Links

Sign up for my weekly email newsletter, Let’s Talk Money, and get exclusive tips, suggestions, how-tos, and more delivered to your inbox every Monday.

Podcast Sponsor

Get unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.

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