Life

Can Your Mind Make You Broke (& How To Avoid It)

Can your mind make you broke? Have you ever made a money decision that you regretted later? I’ve made about a million of these over the years, but I’ve also learned how powerful your mind is when it comes to money. The real question is then, can you trick yourself into being broke or being wealthy.

We’ll uncover these answers and the most common money mindset traps in this reboot episode.

What You’ll Learn

  • The four negative mindset traps that can actually make you broke
  • How to recognize the mindset traps and what you can do to strategize against them
  • Why you need to define what success means to you and how that might be affecting your bank account
  • My own stories of powerfully connecting my health with my wealth and what I’ve learned
  • Why you should have your own version of the “24-hour” window before you make big purchases
  • How a “f**ck it bucket” can give you options in life when you need them the most

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Your Money & The Election

According to analysts at BlackRock Investment Institute, the U.S. Presidential election is set to take place against the most tumultuous domestic backdrop since 1968.” In this episode, we’re not going to talk sides – Democrat or Republican – instead, we’re going to talk about how elections in general impact your money and what you need to know before and after Nov 3, 2020.

What You’ll Learn

  • Why elections have a big impact on your money
  • Why you also need to consider the impact of state and local measures
  • A brief history of voting rights in the U.S.
  • Ways you can best prepare your money to weather any election
  • How the stock market typically performs in an election year
  • The best step you can take to make sure you prepare for your tax bill

Links

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Posted in Life, Podcast | Comments Off on Your Money & The Election

7 Money Mistakes That Are OK To Make

The personal finance world is full of rules and things that you should and shouldn’t do with your money. These rules lead to stress, frustration, and competition and honestly, make you feel like you aren’t doing enough, you don’t have enough, and you’ll never be able to fully be happy with your money situation. This is so not true. If you’ve ever made a money mistake, which we all have, this episode is for you.

What You’ll Learn

  • Why we all make money mistakes
  • How to recover from a money mistake
  • Why your money mindset is key when you make a mistake
  • How to deal with debt
  • Why it’s OK to miss the “best investment” opportunity
  • How to keep yourself calm when you do make a money mistake

Links

Episode Sponsor

Thanks to Manscaped for sponsoring this episode. .Get 20% off + free shipping with the code MYMONEY at Manscaped.com.

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8 Ways Tidying up Can Be Financially Beneficial | Lisa Tselebidis

Look around you right now. What do you see? Is your home filled with things that set the stage for the life you want to live, or is your home just filled with stuff? Our podcast guest, Lisa Tselebidis, a professional organizer, and KonMari certified consultant is sharing her system to have what she calls a profound tidying festival, how tidying up can help with your mindset, and eight ways tidying up can be financially beneficial to you.

What You’ll Learn

  • How to set the stage to live your envisioned life free of distraction
  • How to free your mind by decluttering
  • Why tidying up is cheaper than therapy
  • How to make your space and things serve you
  • 8 Ways Tidying up can save you money
  • how to have a profound tidying festival

Links

Episode Sponsor

This episode is sponsored by Manscaped. Get 20% off + free shipping with the code MYMONEY at Manscaped.com.

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Posted in Budgeting, Life, Podcast | Comments Off on 8 Ways Tidying up Can Be Financially Beneficial | Lisa Tselebidis

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

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