This episode we have some holiday fun recapping some of our most favorite episodes of this season and discuss all the ways that Winenance Wednesday has helped you stop spending, grow wealth, and live more intentionally | Season 2 Recap of Winenance Wednesday:    Episode 12 time codes: 0:00 - Intro 2:20 - Topic introduction 3:13 - Episode 4: Tracking Your Expenses 6:30 - Episode 8: Why Small Expense can be your Biggest Expenses 8:13 - Episode 9: Qube Money 11:30 - Episode 2: How to Grow Wealth in Your 401K 15:57 - Episode 5: Simple Investing with Index Funds 18:18 - Episodes 6: All Th ..read more

Time - truly the most valuable asset we all have. So who owns your time? Do you work a 9-5 job (or even multiple jobs)? Are you in school working towards a degree for a future career? We all like to think that we are the masters of our time, but the reality may be quite different.  When people first hear about the FIRE Movement (Financial Independence Retire Early), they think the money is the key, the solution to all their problems. But in reality, it’s about the freedom and opportunity to get back the one thing that we all want - more time.     SHOW NOTES: www.winenancefi ..read more

Episode 10 | This is part 2 of our series on HSAs (Health Savings Accounts). Watch episode 6 for part 1: https://www.youtube.com/watch?v=qgAfS3sOqO4 In this episode, you'll learn how to invest in your HSA, and specifically: 1.) How many HSA banks allow you to invest your contributions tax free 2.) How you can open your own self-directed HSA, even if you already have one with your employer 3.) About unlimited annual trustee to trustee transfers (direct HSA to HSA transfers) 4.) How HSAs can be used like Traditional IRAs after age 65 SHOW NOTES: https://www.winenancefi.com/post/episode-10 Have q ..read more

"Oh, it's only $10 -- it's not much in the bigger picture...right?" WRONG. Little expenses add up and are collectively your largest expenses. Want to get a hold on your spending habits and start making headway with your bigger financial goals like traveling, starting a business, or even leaving your job? Look no further than your smallest expenses!  Show notes: https://www.winenancefi.com/post/episode-8  TIMECODES  0:00 - Intro   1:42 - Election 2020 | Marie's MSNBC Interview  7:43 - Why small expenses are your biggest expenses  11:17 - Eating Out costs more than ..read more

What are the implications of the 2020 election on your finances? How are you going to handle uncertainty in the markets and in the world? We discuss how to stay calm, stick with your plan, and how to find financial peace as the outcome of the election is decided. Show notes: https://www.winenancefi.com/post/episode-7 TIMECODES 0:00 - Intro  1:30 - The 2020 Election + Winenance  7:16 - How to take control during uncertainty  8:55 - Consistency + sticking to your plan    10:44 - Be proactive, not reactive with your money  12:33 - Create multiple streams of income&nb ..read more

It’s open enrollment season for employee benefits, and many people are confused about what an HSA is and how to use it. Even more, it’s considered the ULTIMATE retirement account. Grab your notebook because you’re going to want to take notes today!  Show notes: https://www.winenancefi.com/post/episode-6  TIMECODES  0:00 - INTRO  3:51 - What is an HSA?  5:22 - How many people actually use an HSA?  7:38 - Who can contribute to an HSA?  8:08 - IRS contribution rules  10:28 - What is an HDHP (high deductible health plan)?  12:33 - How much can you contr ..read more

Index Funds are considered the “crown jewels” of investing by many in the Financial Independence community—and for good reason. They’re among the simplest yet effective ways to invest. Why? They’re widely diversified, perform as well as the stock market (if you invest in an S&P fund or Total Stock Market Fund), and they’re relatively low-risk. Show notes: https://www.winenancefi.com/post/episode-5 TIMECODES 0:00 - Intro  6:29 - Last Week's Challenge: Wait 24 hours before unplanned purchases  9:57 - Why Index Funds?  12:47 - The Stock Market Always (eventually) Goes Up  ..read more

In this episode, you’ll learn how to successfully start tracking your expenses. The first step to creating a budget is knowing where you are currently spending your money and how much you spend in each category. Only then can you truly start to spend your money more intentionally. Show notes: https://www.winenancefi.com/post/episode-4  TIMECODES 0:00 - Intro    5:28 - Tracking Your Net Worth (last week’s challenge of the week)   9:56 - What does “tracking expenses” mean?    12:07 - Tracking Expenses vs. Budgeting (what's the difference?)    18:30 - Track ..read more

This week, we share the four (4) key reasons why everyone should pursue Financial Independence , and how pursuing FI creates more intention and purpose in your life: 1) provides health and financial security, 2) creates freedom and choice, 3) time ownership, and 4) builds generational wealth. Show notes: https://www.winenancefi.com/post/episode-3 Timecodes   0:00 - Intro  0:58 - 401K Workshop Announcement  1:53 - Whiskey Apple Cider (drink of the week)  3:19 - Increase your 401K contributions (last week's challenge of the week)  7:07 - What is Financial Independen ..read more

There are 4 key reasons why your employer-sponsored retirement account (401K, 403B, 457B) is one of the BEST wealth-building tools at your disposal. We discuss why more 401K millionaires were made in Q2 of 2020 than ever before. We also share how automatic contributions force you to build wealth, how to max out your employer match, and why contributing more to your 401K can actually lower your taxable income. PLUS, we announce our first virtual workshop: Building Wealth in Your 401K! Show notes: https://www.winenancefi.com/post/episode-2 --- Send in a voice message: https://podcasters.spotify ..read more