Episode 185: Learn some effective DIY debt relief options with insight from Todd Christensen, author of Everyday Money for Everyday People and Education Manager at the nonprofit credit counseling agency, Money Fit by DRS. Why You Should DIY Your Debt Relief DIY debt relief is nothing new. The Snowball Method and Avalanche Method are two commonly discussed tactics for paying down your debt. The Snowball Method encourages you to pay off your smaller debts first to build sustainable habits. Once those debts are paid off, you use the money to tackle the bigger debts. The Avalanche Method takes the ..read more

Episode 187: Kevin’s talking about his experience with the Tiller Money app, how it works, and if it’s worth the subscription. Tune in for the full details. We’re also talking charcoal grilling. YUM. What is Tiller Money? Tiller Money is a budgeting app that syncs with your bank accounts and pulls the categorized data to Google Sheets. This easy synchronization makes it easier to manipulate the data and generate the info you want to see at any given time. Why Use the Tiller Money App? One of the great features is that you can set up different budgets for different months, which is different th ..read more

Episode 185: How can you give back while saving money? We’re talking about the joys of giving while pursuing financial independence, and a few ways to be a giver. One of the most significant mindset shifts when pursuing financial independence is learning the value of giving. When you start to realize that you can live on less, you find that you’re able to give more to the causes that matter to you. Find Your Cause Think of the causes that matter to you. It could be anything from your local church to a non-profit that supports something that impacts your life. Giving to a cause that aligns with ..read more

Episode 184: We’re talking about landing the ideal real estate deal when starting with real estate investing. We’re touching on the Blink book, being a corporate drop-out, and how to be a successful landlord. The Ideal Real Estate Deal Many people ask what the ideal real estate deal looks like. The ideal real estate deal is a multi-family purchase that becomes an income-generating property within 12 months using $0 out-of-pocket. How does this happen? BRRRR What is BRRRR? BRRRR is an acronym that stands for: Buy Rehab Rent Refinance Repeat Buy a distressed asset, rehab it, rent out the units ..read more

Episode 183: On this episode of the Where Our Money Went series, we’re talking mortgage insurance, Amazon Prime, and streaming services. Tune in for tips on choosing a mortgage insurance provider for your home. What is Mortgage Insurance? Mortgage insurance is required in many areas. The purpose is to cover the lender in the event that you default on your mortgage. If you have a USDA or FHA mortgage, you’ll be required to pay mortgage insurance up until a certain portion of your premium is paid off. For private mortgage insurance providers, mortgage insurance is often required if you have a do ..read more

Episode 182: Learn how to teach financial literacy to children and why kids are never too young to learn about personal finance. We’re talking about the free K-12 Financial Education curriculum and how it’s impacting students of all ages. Why Teach Kids About Personal Finance Healthy financial habits start at a young age. Children are influenced by their parents when it comes to money management. Teaching kids about personal finance before they’re out on their own, you can set them up for future success and help them set their own path forward. Young children in elementary school can learn the ..read more

Episode 181: Tune in for an update on the Payroll Protection Program (PPP) for small businesses. If you’re a small business employee, you’ll want to hear this information. We’re also talking about giving, budgeting for gas, and thanking teachers everywhere. A PPP Update Kevin finally received his PPP update. The program had come to a halt as funding dried up, but some of the larger businesses have paid back their funds, creating opportunities for small businesses across the country. If you’re an employee for a small business, talk to your employer about the PPP. There have been reports of empl ..read more

Episode 180: Learn how blue collar workers can achieve the American Dream without a college degree. We’re talking about financial independence and the five steps to achieving your goals. Tips for Allocating Your Salary The first step in allocating your salary is to shift your mindset. Train yourself to forget about a percentage of the money you earn, using automation to allocate it toward a high-interest savings account before it hits your account. Thanks to compound interest, every little bit counts and your retirement will be covered. How to Find Comfort, Peace, and Freedom at any Level To a ..read more

Episode 179: On this episode of the Where Our Money Went series, we’re talking about managing financial expectations during a divorce. We’re taking a deep dive into investing and planning for the future. Investing in Mediation When possible, using mediation can help a couple work through the divorce process without going to trial. The mediation process itself costs around $1000, in addition to lawyer fees. Through mediation, the two parties go back and forth to try and find an arrangement. If the process fails, a trial is necessary. For Sean, the mediation and lawyer fees has cost around $10,0 ..read more

Episode 178: Tune in for tips for personal finance for self-employed individuals. We’re covering financial planning when living on an inconsistent income for side-hustles and entrepreneurship. The Challenges with Self-Employed Income One of the common challenges entrepreneurs and small business owners face is a fluctuation in income. It makes it challenging to make a consistent financial plan when money comes in lump sums or at unpredictable points throughout the month. As an entrepreneur, it’s common to go through phases of feast or famine. There are months when you’re working hard but workin ..read more