How to Money
How to Money
Jan 22, 2021
Friday Flight - Free Tax Filing, Astronomical Food Delivery Fees & Awful Financial Advice on TikTok #309
Play • 30 min

It's time for a Friday Flight! These episodes are all about the week’s news and the effects of the pandemic on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to come out on the other side even stronger. In this episode we cover some interesting and helpful stories like: crazy low mortgage rates, free tax filing, payment app security issues, getting credit card annual fees waived, awful financial advice on TikTok, astronomical food delivery fees, smart grocery carts, states that everyone is moving to, and the states with the highest credit scores.


And as we’ve kicked things off with a bang in 2021, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!


Best friends out!

Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Money Pit Home Improvement Podcast
The Money Pit Home Improvement Podcast
Tom Kraeutler & Leslie Segrete
Episode #2079: Low-Voltage Landscape Lighting | Automatic Pet Doors | Kitchen Cabinet Organization | Your Q & A
While most folks focus on how their landscape looks they may not be as focused on their “LIGHT” scape! With the right combination of outdoor low-voltage lighting, there’s a whole new view awaiting you. We’ll walk you through the options. And also, ahead, if you’re a dog lover, getting up at all hours of the day or night to let your pooch out is not always very convenient. Now there’s a new type of automatic pet door on the market that gets built right into your home’s exterior door. We’ll share this new innovation that lets your pooches go in and out whenever they please. We’ll also share some tips on avoiding identify theft - a growing crime that can impact your ability to buy a home, especially if someone pretending to you ruins your credit. There’s a new government resource that can help victims. A disorganized kitchen pantry can make it difficult to find what you are looking for, add to the prep time for meals, and might even lead you to add things to the shopping list you already have! We’ve got easy ways to clear the clutter with pantry designs that deliver spacious and orderly food storage Plus, answers to your home improvement questions about, installing a whole house generator, testing for radon, collecting rainwater, repairing and exhaust fan, hiring a home inspector before buying a home. Do you have a home improvement or decor question? Call the show 24/7 at 888-MONEY-PIT (888-666-3974) or post your question here. Learn more about your ad choices. Visit podcastchoices.com/adchoices
40 min
RV Podcast
RV Podcast
Mike Wendland
How to avoid outrageous fees for a Medical Emergency on an RV Trip
Most of us rely on insurance. But when you suffer a Medical Emergency on an RV Trip, that insurance may not be adequate, especially if you need a land or air ambulance. In fact, many of those air and ambulance costs claims are rejected by the insurance companies, even if the transport was called by EMTs or the hospital. It's a giant loophole that is particularly important for RVers to know about because they often find themselves in remote locations where hospitals can be few and far apart. In RV Podcast Episode 333, we learn the startling high percentage of ambulance runs that are rejected by insurance companies and the catastrophically high costs for emergency air ambulance that also go uncovered by insurers. You can listen to the entire podcast episode in the player below, or go about 20 minutes in to hear the interview. Or scroll down and keep reading this post for a full transcript of the interview. Our guest is Tim Gustafson, who runs an outfit called the Medical Air Service Association (MASA) which offers a special program to cover those 100% of those ambulance costs. I met Tim a couple of weeks ago and after hearing some of the horror stories that RVers have had because of uncovered ambulance fees, I thought his information would be of great interest to RVers. Transcript: Interview about ambulance costs related to a Medical Emergency on an RV Trip Mike Wendland: Joining us now to talk about these issues is Tim Gustafson. Tim is with a group called MASA, for Medical Air Services Association. I met Tim a week or so ago, and we were talking about some of the issues that RVers encounter when medical emergencies happen on the road. He had some pretty scary stories to relate to me that I in turn want to relate to you. So Tim, thank you for agreeing to come on the program and talk about some of this stuff. Tim Gustafson: Well Mike, thank you so much for having me. Mike Wendland: So let's talk a little bit about a lot of us think that if something happens on the road, we're all covered with all the different insurances. Walk through some of the scenarios that we need to understand about ambulances, whether it's emergency air ambulances or even ground ambulances. When an air or land ambulance is called during a Medical Emergency on an RV Trip Tim Gustafson: Yeah. I've been an insurance broker for 16 years or so now. What that means is that I work for my clients, but I represent about 90 different insurance companies. One of the biggest gaps that I see is ambulance coverage, by ground or by air. Statistically, there's roughly three and a half million ground ambulance runs per year, and one out of seven is just outright denied, because it's not up to you, it's not up to the EMT to determine whether it's medically necessary. They have some heartless dorks sitting behind a desk at a home office and an insurance company to decide if it's medically necessary or not. So 14%, roughly one out of seven get denied. Most health insurance plans do not cover emergency transportation The denials by air ambulances are far greater than that. Denial rates are through the roof really, because air ambulances are not considered a medical expense due to the Deregulation Act of 1978. They're actually classified as a common carrier so they can just charge whatever they want whenever they want. The Department of Insurance, Medicare, Medicaid services, any insurance company, they have about as much influence over the pricing as they do over Southwest or Delta Airlines. Mike Wendland: Give us an example. The costs of an air ambulance during a Medical Emergency on an RV Trip Tim Gustafson: I had some great clients that were taking their RVup to Alaska in the summer of 2019. They got just North of the Washington border and the husband ended up having a heart attack. So they called 911, which is the number you call if you're in Canada, by the way. I didn't know that.
44 min
ChooseFI
ChooseFI
The Unstuck Network
300 | Relationships and Money | Jillian Johnsrud
* Money is one of the top three things people struggle to communicate with, falling right below sex and above our reasons and motivations for work. * In her coaching practice, Jillian finds clients will be very open in one-on-one sessions, but when working with couples, it becomes much more uncomfortable. * Jillian believes this discomfort is because discussions of things like sex and money happened behind closed doors and weren’t modeled for us growing up. * In response to a call put out for questions in Brad’s FI Weekly newsletter, listeners submitted their questions for Jillian about relationships and money. * The first comes from Jonesy who had a question about keeping the lines of communication open about money with a significant other when they are at different stages. He is working and beginning to build his portfolio and savings, while his significant other is still in school and struggling to make ends meet. * Jillian suggests first trying to find common ground to discuss money. You can start with telling your own money stories, like how your parents spent money or what you wish they had spent money on. It’s important to feel seen and heard. Sharing childhood stories are opportunities to start having conversations to begin learning about each other financially. * Help make the conversation not feel like a trap by being genuinely curious about your partner’s life and experience. You can approach discussions about money much in the same way couples talk about the parenting they witnessed and experienced. * Pick one or two questions to open up the conversation and put your partner in a relaxed state. Ensure they feel seen and heard before transitioning into conversations on budgets or debt payoff. * Taking the small step of sharing money stories can help the couple come away with positive feelings, feel closer, and know just a little bit more about each other. * Jillian and her husband did not communicate about money well during the first few years of their marriage. They had very different money stories and didn’t know how to explain why they were reacting or felt the way they were. * Breaking the big scary stuff down into bite-sized non-intimidating questions is something Jillian guides users through in her latest workbook, part of which asks us to examine our parents’ patterns, whether or not we have copied or rebelled against them, if what was inherited is serving you well, and do you want to take it forward. * Because Jonesy and his partner aren’t married, Jillian says it’s okay to skip the specifics in the middle, like savings rates and budgets, and discuss the outcome, like a common goal to work toward together. * If you work on learning to talk about money, understanding each other financially, and can work toward a common goal, by the time you are on the same page, the middle stuff will be easier. * Listener Sam wants to know if it can work when one half of a couple is excited about being on the FI path but the other half says FI is not for them. Sam has been on her journey for three years and has a 50% savings rate and plans to retire early, but recently married and her husband’s savings rate is far from the same and he plans on working until 60. They currently keep their finances separate. * Jillian thinks Sam and her husband could benefit from having conversations about work, its role, and how it ties to identity. It’s feasible for one person to retire while the other works, but it can create a rift unless they understand each other’s stories and mindsets. * Brad wonders how Sam and her husband keeping their finances separate could work logically in the long-term. Jillian thinks on the surface it cold work so long as they work on everything below the surface and sure each is truly comfortable with the situation. * Listener Titan wants to know how to make the monthly chart tracking their progress toward FI more fun and exciting for his significant other. Unfortunately, Jillian thinks Titan’s partner will never be excited about it. In any relationship, it seems like there’s one who likes worksheets and graphs and one who prefers to talk about things. She suggests not focusing on the numbers on the graph and instead make it about the amazing life they are creating or whatever is exciting for them. * Jonathan can sympathize with Titan’s situation but says what were are looking for is trust that you are building an awesome life together and moving forward in the same direction. * Jillian’s course, One Hour Millionaire, is a 21-day program with the premise that it should only take you one hour a month to set your trajectory to a million-dollar net worth. * Website:  JillianJohnsrud.com * Podcast: Everyday Courage Resources Mentioned In Today’s Conversation * Download the Stereo app and join us on Tuesdays for the live show! * Compare home and auto rates from top insurers at Policy Genius. * Explore Season 2 of Rebel Entrepreneur and make money doing something you love. * Register for Jillian Johnsrud’s, One Hour Millionaire Course, and get a $30 discount during the month of March with code ChooseFI30. If You Want To Support ChooseFI: * Earn $1,000 in cashback with ChooseFI’s 3-card credit card strategy.  * Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence.
44 min
More episodes
Search
Clear search
Close search
Google apps
Main menu