Afford Anything
Afford Anything
Jan 12, 2021
What Your Childhood Taught You About Money, with Rachel Cruze
Play • 1 hr 18 min

#295: How well do you know yourself and the reasons why you manage money in the way that you do? You might not know at all, or you might have some degree of understanding, but digging into your money story can shed insight on your behaviors with money today.

Rachel Cruze, four-time bestselling author and daughter of Dave Ramsey, shares three frameworks that can help us better understand our money habits.

For more information, visit the show notes at https://affordanything.com/episode295

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
BiggerPockets Money Podcast
BiggerPockets Money Podcast
BiggerPockets
175: Staying Flexible in Early Retirement with A Purple Life
Last time we talked to Purple from A Purple Life, she told us about her plan to retire at the end of 2020. If you haven’t listened to that interview, you can listen to it here to get the full scoop on Purple’s journey from a $5,000 net worth to hundreds of thousands within only a few years.  Like many financially savvy early retirees, Purple put a lot of time into planning, saving, and investing her capital in order to retire in her early 30s. Well, she did it! As of October 2020, Purple is financially independent and retired! So, how’s it going so far with financial independence in Purple’s world? Purple talks about her hobbies, interests, and most importantly, how the final month of her employment went with her former employer. She also gives some great insight on taking advantage of her employer’s health insurance for the last month of work, making sure that she was able to keep her quarterly bonus, and how she ended up breaking the news to her boss.  It’s all worked well for Purple, but she did have some big plans to cancel. Purple had lined up 4 months worth of travel that all had to be canceled when COVID-19 hit and shutdowns began. She would have been snorkeling in Australia and scootering in Thailand right now! Thankfully, Purple has been able to adapt and take advantage of this off time to assess her financial situation and what she wants out of early retirement.  In This Episode We Cover * The importance of planning for early retirement even if you love your job * Having a lean FI number and low monthly expense so you can live comfortably in retirement  * How long a cash cushion should last you when you decide to retire  * Taxable vs. Non-taxable retirement accounts (and which to leverage) * Ending your employment in a respectful and polite way  * Being flexible with your retirement plans  * And So Much More!
52 min
Be Wealthy & Smart
Be Wealthy & Smart
Linda P. Jones
How to Start a Side Hustle for $250 and Earn 6 Figures Annually
Learn how to start a side hustle for $250 and earn six figures annually. The article is here. Are you investing well for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars. Your compounding rate, and how well you invest, matters! INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? -Asset allocation model with ticker symbols and % to invest -Monthly investing webinars with Linda -Private Facebook group with daily insights -Weekly stock market commentary email -Lifetime access -US and foreign investors, no minimum $ amount required Extending the holiday offer, enjoy a 50% savings on the VIP Experience. More information is here or have a complimentary consultation with Linda to answer your questions. For an appointment to talk, click here: https://2909395.survey.fm/application-for-vip-experience PLEASE REVIEW THE SHOW ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed WEALTH HEIRESS TV Please subscribe to Wealth Heiress TV YouTube channel (it’s not just for women, it’s for men too!), here. PLEASE LEAVE A BOOK REVIEW Leave a book review on Amazon here. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) Available for purchase on Amazon. International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. TODAY'S SPONSOR I want to take a few seconds to tell you about how I “read” more books and stay ahead of the curve. It’s by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible! Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. (Some links are affiliate links. There is no additional cost to you.)
13 min
Millennial Money
Millennial Money
Shannah Compton Game
It's Our 6th Birthday...Let's Celebrate With A Money Q&A Episode
We are 6 This month! Can you believe it? Six years ago I launched this podcast called Millennial Money, not sure of who would listen and if it would have an impact. Over 15 million downloads later you are still here along for the ride. In this episode, we’re going to celebrate a bit. I’m going to share some of my fav money tips, some personal money lessons, favorite episodes, and answer some of your listener questions along the way. Happy birthday to us! What You'll Learn * How this podcast started * What some of my favorite episodes are * A look at one of my very first episodes * Some of my fav money tips like negotiating to lower your cell phone bill * ...and so much more! Links * Budgeting Sucks, No One Has a Plan, But You Can * 5 Easy Steps to Improve Your Finances * Investing Isn't Just For the Wealthy * Put Your Finances on Autopilot * Get Rid of Debt for Good * A New Way to Look At You in the New Year with David Lynch * David Lynch Yoga * Kevin Lax - Happy Birthday 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. Prose is the healthy hair regimen with your name all over it. Take your FREE in-depth hair quiz and get 15% off your first order today! Go to _prose.com/mymoney._ Get started with the MANSCAPED™ Perfect Package 3.0! Get 20% Off and Free Shipping with the code SHANNAH at Manscaped.com. SUBSCRIBE & SHARE Want to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE! 👉 Sign up for my bi-weekly LET’S TALK MONEY email newsletter. Ask Shannah Have an Ask Shannah question, submit it here Get Social * Shannah on Twitter * Shannah on Instagram
47 min
Optimal Finance Daily
Optimal Finance Daily
Diania Merriam | Optimal Living Daily
1452: 4 Reasons You Should Cut (and Keep Cutting) Your Expenses by Robert Morris with Money Mini Blog
Robert Morris of Money Mini Blog provides 4 reasons that you should keep cutting your expenses. Episode 1452: 4 Reasons You Should Cut (and Keep Cutting) Your Expenses by Robert Morris with Money Mini Blog Kalen Bruce is the founder of MoneyMiniBlog. His story is simple… he and his wife were $24,000 in debt and became a student of finances to get out. They are now debt-free and building wealth. Kalen shares everything he has learned on his blog, writing informative, entertaining, mini blogs to help you with your finances. Finances can be intimidating, so he keeps his posts short, sweet, and simple. The original post is located here: https://moneyminiblog.com/save-money/reasons-to-cut-expenses/ With the SendPro software, you can compare shipping rates between carriers, plus save 40 percent off USPS Priority Mail shipping and get 5 cents off every letter you send. Our listeners can try it FREE for 30 days and get a FREE 10 pound scale, but only when you visit: PB.com/OFD. Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily --- Support this podcast: https://anchor.fm/optimal-finance-daily/support
10 min
Inspire To FIRE Podcast (Financial Independence Retire Early)
Inspire To FIRE Podcast (Financial Independence Retire Early)
Mr. Inspire To FIRE
Generational Wealth & Wealth Guilt With Mrs. Miller
Mrs. Miller from @mrsmilleronfire joins the show to discuss generational wealth and why it's not all about the money.   We also introduce the term "Wealth Guilt" and share the negative feelings that can come from more money and how to handle it. GREAT NEWS!!! Inspire To FIRE has partnered with The Financial Gym.  They are a financial planning company with a fitness-inspired approach to your finances & they can help you get into great financial shape! They are experts in paying off debt, saving for a home, how to invest, & much more.  On average people increase their net worth by $4,000 in the first 6 months. They are offering Inspire To FIRE listeners 15% OFF by using the code 15FIREPOD.  This is a fantastic investment in yourself & one that gives you a return on investment you can't find anywhere else. So if you are looking for a personalized plan to boost your net worth give them a try!           ***** Schedule A Free Consult *****             (Use Code: 15FIREPOD for 15% off) We Also Discuss - Generational Wealth - Wealth Guilt - Planning To Care For Aging Parents While Pursuing FI Please Subscribe & Leave A Review More Resources - Wealth Guilt - How I Overcame it - How To Build Wealth (A Beginners Guide) Find More Episodes At InspiretoFIRE.com/Podcast These notes may contain affiliate links, which means I receive commissions if you choose to purchase through links I provide (at no extra cost to you). Thank you for supporting my work! --- Send in a voice message: https://anchor.fm/inspire-to-fire/message Support this podcast: https://anchor.fm/inspire-to-fire/support
50 min
Money! with Stacy Johnson
Money! with Stacy Johnson
MoneyTalksNews.com
The Pros and Cons of Working in Retirement feat. Paula Pant
Not long ago, the phrase "working in retirement" was an oxymoron, much like "bittersweet," "act naturally" or "hot water heater." After all, if you're working, you're by definition not retired. But that was then. These days, working at least part-time while retired is increasingly common. According to one recent survey quoted in Forbes, 27% of pre-retirees said they planned to work part-time in retirement and among retirees, 19% are working part-time. Why so much working during retirement? More likely than not, because of money. As we explained in articles like 8 Reasons Your Parents Had an Easier Retirement Than You Will, pensions are rapidly disappearing, replaced by much less reliable accounts like IRAs and 401(k)s.  And as retiree income is falling, costs are rising. On the plus side, however, while more retirees may be forced back into the workplace to make ends meet, there are more ways than ever to bring in a bit of extra bacon. In short, in my parent's generation, retirement meant not working at all. But for us Boomers, retirement is morphing into something different. It's not about doing nothing. It's about being productive and making money, but by doing what you want to do, rather than what you have to do. What kind of work will today's (or tomorrow's) retiree look forward to doing? Will it be easy to find pleasant, lucrative work? Should we start long before we retire? In this week's "Money" podcast, we're going to find answers to these questions, as well as many more. Our guest is author and super-popular podcaster Paula Pant from Afford Anything. Smart, funny and knowledgeable, you'll have a good time listening to her. Want more information? Check out these resources: 7 Tips for Getting a Great Part-Time Job in Retirement 10 Stats About Working in Retirement This Job Board Specializes in Remote Work and Flexible Gigs 5 Reasons You Should Work for as Long as You Live 15 Jobs for Retirees That Can Be Done From Home 8 Signs That It's Time for You to Unretire AARP: Job Search Resources for 50+ Subscribe to the Money Talks News newsletter Take our The Only Retirement Guide You'll Ever Need course Take our Money Made Simple course Hosts: MoneyTalksNews MirandaMarquit.com Ask us a question Become a member: https://www.moneytalksnews.com/members/ See omnystudio.com/listener for privacy information.
28 min
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