Money Peach

Why would anyone want to invest in real estate? Maybe it's to diversify their retirement nest egg? Or maybe they're looking for a passive income stream? Or maybe they want to build long-term wealth they can pass down to future generations? Whatever your reasoning is for investing in real estate, the biggest question should be: How do I get started? I'll be honest - even for someone who has spent years inside the financial world, I still have many questions and I am definitely NOT an expert in real estate by any means. (In fact, I will share in the episode how I lost a ton of money in real estate in 2019). Therefore, I am turning to an expert when it comes to long-term real estate investing — Dustin Heiner. Dustin is the founder of MasterPassiveIncome.com and SuccessfullyUnemployed.co. During our conversation, Dustin will share the 6 ways he earns passive income in real estate and how to get started. We discuss everything from choosing the right property, finding the right property manager, what parts of the U

Chris explains some really interesting ways to improve our credit that I had never heard of before. One thing Chris mentions is making sure you pay down the balance on your statement close date and not on the payment due date. This is because the banks report to the credit bureaus on the statement close date — not on your due date. This means even if you pay off your credit card on-time, you could still be hurting your credit if your balance is above the available credit line threshold. Also, Chris talks a lot about why you don’t need to pay someone to fix your credit for you and how simple it really is. I was even a little surprised with how simple it is. And if you’re someone who is just starting out and trying to build your credit, Chris and I both discuss a unique strategy that involves piggybacking onto a tradeline. *** Looking for a better way to manage your finances? I am currently taking applications for the upcoming financial coaching program where you and I will be meeting for 5 weeks over a weekly

Do you have a ROTH 401(k) option with your employer?  Right now about 50% of employers who offer a 401(k) are now offering a ROTH 401(k) as an alternative option for retirement, and 60% of those who have access to a ROTH 401(k) are using them. In this episode, I am going to talk about why the ROTH 401(k) is a much better option and explain exactly how the ROTH 401(k) works. Once you understand the why behind the ROTH 401(k), you'll be making the call to your HR department and start contributing to the ROTH 401(k) in no time at all. **If your employer does NOT offer a ROTH 401(k) and you still want access to tax-free savings in retirement - you still can.  **For the purpose of this episode, the rules for the 401(k) can also apply to your 401(a), 403(b), 457, or TSP. **Ready to reach financial freedom? Join me in our next live coaching program, Smart Money Academy. This is a live coaching program where you will learn how to manage every dollar, pay down debt, save more, and truly reach peace with your life and

Have you noticed that every successful brand, company, and entrepreneur have one thing in common - they all have a blog? Blogging has become the #1 way to help a business create loyalty from their customers by creating valuable information their future customers both want and need. A real estate agent may blog about the housing market, a stylist could blog about DIY tips for your hair, and a personal finance coach may even blog about tips to living on a budget! The point is, all brands should have a blog and the majority of them do. This is where you come in...who is going to create their blog content? And more importantly; who are they going to pay to create their blog content? All show notes and links from this episode can be found at https://www.moneypeach.com/session130 . And if you would like to ask me a question and possibly get featured on the show, head on over to https://www.moneypeach.com/askpeach Thanks for much for listening and supporting the Money Peach Podcast!

How much money can you really make as a virtual assistant? Lately as we enter week 5 of quarantine, I have had many people ask me how they can start to generate income from home. One of my favorite ways I recommend to others is as a virtual assistant.  Which brings me to my guest on the show today - Kayla Sloan. She is my former virtual assistant for Money Peach and today Kayla has moved away from doing virtual assistant work to actually helping others get started. Over the past few years, she has helped hundreds of people get started making real money working from home.  She also has a community of other virtual assistants from around the world who are helping each other find and land jobs that fit their skill set. If you have ever wanted to or thought about working from home part-time (or full-time) on your schedule while making a great living, a virtual assistant job may be the perfect solution. All the show notes and links can be found at https://www.moneypeach.com/session129.   You can also learn more ab

There are many changes to retirement distributions since the passing of the CARES Act. I will cover: • Waiving the ealy withdrawal penalty from retirement account • New rules for taking a loan against your retirement account • RMDs and how this could be used towards your advantage this year • Paying taxes on withdrawals and how it has changed • Current retirement plan loan and how that has changed for 2020 If you have a question, visit moneypeach.com/askpeach and you can leave an audio recording of your question that may be featured on the show. All show notes and links from this episode can be found at https://www.moneypeach.com/session128

I have Deacon Hayes, founder of Well Kept Wallet and money expert when it comes to side hustles and making extra money. This episode was recorded live and streamed to both the Money Peach Facebook and Money Peach Youtube channels. In the episode we share some of the best places to make money from home. Freelancing from home has become extremely popular over the years - especially during COVID-19. But, if you still feel like you're ready to leave the house and make money at some of the essential services in your local area, we will share with you who is hiring and what you can expect. To get all the links from the show notes, head on over to https://www.moneypeach.com/session127

Robert Farrington from The College Investor - an expert in everything student loans, is here to tell us everything we need to know about Student Loans and what to expect with the passing of the CARES Act.   How long do you have to completely stop making payments? How will the interest be accrued on your student loan? What about income-driven student loans? What if you have a PSLF student loan? What if your set up on auto-debt - what should you do? What if your student loan is currently under tax offsets or under collections? Also, Robert explains why right now is such a good time when for student loan borrowers - especially for those who are delinquent on their loan payments. All the details from the interview can be found at the The College Investor's Student Loan Forgiveness Resource: https://thecollegeinvestor.com/33288/quarantine-lockdown-student-loans/   Robert was also a guest on the Money Peach Podcast back on Episode 78.

Today on the show I bring on Jacob Wade from iHEARTBUDGETS to share everything you need to know when it comes to changes to the finances with COVID-19.   Jacob was recently featured on CNET, the Plutus Foundation and many other sites as the go-to resource for financial relief during this crisis. In the interview, we discuss: How much each person will receive from the CARES Act When they can expect to see the money hit their account How they will receive the money How much you will receive for each child in your household The new rules for unemployment Mortgage relief Eviction relief for tenants What you must do now to make sure you're qualified All the show notes, links and anything Jacob and I mentioned can be found at https://www.moneypeach.com/session125 If you would like to ask a question and have it featured on the show, you can ASK PEACH here: https://www.moneypeach.com/askpeach    

Dave Ramsey personality Chris Hogan is coming on the show today to explain how the everyday normal guy can in fact become a millionaire. Now, before you raise your eyebrow at me - let me be clear on what a millionaire is… A millionaire does NOT mean you earn a million dollars per year. Instead, Chris explains that a millionaire is simply someone who has a NET WORTH of a million dollars or more. This means if you take their assets (what they own) and subtract their liabilities (what the owe), these people would have a net worth of a million dollars. With that said, let’s dive into what this episode… With the help of the Dave Ramsey team, Chris studied over 10,000 people with a net worth of a million dollars or more to find out… What they do for a living Self made millionaires or inherited millionaires How much money they make in a single year Where they are investing their money What age they become millionaires What age they go completely debt free What kinds of cars they drive Their everyday spending habits

I know, I know - Medicare is not a very sexy topic in life. But, what if I told you there was an opportunity to save thousands of dollars in the future by PAYING attention to Medicare right now? By the way - did you know medical coverage in retirement is the largest expense you will all face later in life? And, since I haven’t covered this topic at all on the show, I knew now was the perfect time. I also knew I wanted to bring the best of the best on when it comes to experts in this arena, so I was able to get Danielle Roberts to come on the show. 
Danielle is the go-to expert for all things Medicare for the publications like Forbes, the Huffington Post and Readers Digest. She is also co-founder of the uber popular blog and website Boomer Benefits. But first…. IMPORTANT: This episode is NOT just for those getting ready to hit retirement. There are few things Danielle will share that will save those who are years away from retirement thousands upon thousands of dollars. If you’re like me (35 years old) and you

Well, are you about to freak out yet? Why? Because we are about a week away from Christmas and the spending is in full force right about now. In fact, did you know the average American family will spend over $845 in 2018 and closer to $1,000 in 2019?! I am not saying you shouldn’t spend that much this Christmas. I say if you have the money and want to spend it - by all means, go right ahead! But what if you don’t have the money? What if the holiday season sneaks up on you and the only option is to put it all on a credit card? If you remember from last year, this means you’ll be making credit card payments for Christmas in July. The Solution: This week I am sharing with you our little SAVINGS HACK for the big expenses in life. Christmas, vacations, emergencies, new cars or any other big expense you can anticipate. If you start what we are talking about this month, you’re going to really enjoy spending money this time next year because you’ll have the money set aside. And when the vacation comes up you want to

For the longest time I have poo-pooed the idea of travel hacking. For me, it meant you were supposed to go out and sign up for as many travel credit cards as possible. Then, you would try to spend as much as money on each credit card to “chase the rewards.” I remember thinking: Wow! I can spend $40,000 on a credit card and score a free plane ticket - no thanks! Then I met Travis. Side note: I met Travis at a little dive bar in Philadelphia last summer through a mutual friend. When he first told me he was a travel hacker...well... I wasn’t overly impressed. Until now! You see, Travis didn’t get his first credit card until he was 28-years-old and to this day he WILL NOT carry a balance or pay a dime of credit card interest. And yet, he and his family of 3 still travels all over the world on $5 plane tickets, cheap apartment rentals, and some other little-known travel hacks that completely took me by surprise. Here’s what we have in store for you: • How to get the absolute cheapest plane tickets • Where to look

Eighteen months ago I brought my wife on the show to talk about how her and I FINALLY got on the same page with money inside our marriage. The episode was one of the most downloaded episodes of all time...and then we were told by the news station she was working for at the time that the show would have to pulled down ASAP. However, she has since retired and now the episode is being relaunched because I know how many of you will be able to relate. The backstory… We had just got married, had great jobs, and a really good income. We felt like we were rich...and we behaved like it. After three years of doing dumb things with money, we eventually went completely broke. We had maxed out credit cards, overdrafted our bank accounts, had zero money saved, and we were literally sitting there at our kitchen table feeling completely hopeless. We didn’t know what to do. I had a plan but then she had a better plan. She made more money that I did but I was the one who handled the money. We went through a ton of ups and down

Joseph Hogue is an online serial entrepreneur. What I mean by that is he has created multiple different income streams online and has had success multiple times over. I asked Joseph to come on the show to share his journey with us so we can create some ideas of our own when it comes to generating income online. Joseph has owned 6 different personal finance blogs. All of Joseph’s blogs have made money and he has even sold two of them. He has also authored 10 books which he sells passively on Amazon for $2,000/month. Joseph has an online course on investing which in another stream of income. He has also grown his YouTube channel by 23,000+ subscribers over the past 10 months. He knows how to create something from nothing and he’s coming on the show to share some of his best tips for getting started online (and in any niche). Here’s what we discuss: • How he started his blog • Why he recommends self-publishing to make money early on • How to create multiple income streams online • His early success with YouTube

I am honored to have the hosts of one of the most successful marriage podcasts come on the the show: Tony and Alisa DiLorenzo from the One Extraordinary Marriage Podcast. Tony and Alisa are experts when it comes to everything marriage: dating, kids, sex, lifestyle, and MONEY. I of course would like to talk about all of it with them, but on the show this week we are solely  going to focus on the money. Here’s what we have in store for you: • Should couples share a bank account and why (or why not)? • Sex and money - do they relate? • Who costs more - men or women? • A marriage/dating hack that we will be starting ASAP • Creating dreams around life and money • The breadwinner of the marriage • HER money vs HIS money vs OUR money • Best date ideas that won’t break the budget • And a few more surprises BONUS: Andrea Robinson (my wife) comes on as a co-host to help me through this incredible interview! Side note: I started listening to their podcast about a year ago and found myself always sharing it with Andrea

Eric Brotman is on the show to share with us the four strategies everyone needs to implement to keep Uncle Sam away from your money. There are so many different ways to build wealth, but the ones Eric focuses on during our interview all has to do with taxes. Believe it or not, very simple decisions you make today will have tremendous benefits or consequences later in life. Whether we are talking about a 401k, ROTH IRA, 529, or even some outside-of-the-box strategies, all of them have tax implications. Here’s what we discuss: What to do with 401k when you leave your job? ROTH IRA or Traditional IRA - which ones is best for you? A tax loophole with ROTH IRAs A tax loophole with your health expenses A tax loophole with education savings A tax loophole I may not quite agree with yet...
 NOTE: At the end of the show, Eric drops a bomb on me and I wasn’t ready for it. You are going to “feel” the awkwardness when Eric mentions something which I am NOT a fan of. But...he does a pretty good job of “bending” me just

Peter Hug has been in the gold industry for nearly 40 years which makes him an expert in my opinion when it comes to gold. Now to be honest, I am not a fan of gold (yet). In fact, I have never once invested in gold because I have personally never liked gold as an investment. So, why am I willing to learn more about gold now, right? First off - I don’t know much about gold. One of my rules is I do not invest in things I don’t understand. Therefore, investing in gold was never something I was comfortable doing. Secondly, (I thought) gold didn’t have a great track record when compared to the equity markets. From what I do know, the the price of gold has increased by 355% over the past 30 years, while the Dow Jones Industrial Average has increased by 1,255% during that same time frame. But, now I am also learning that over the past 15 years, gold has outperformed the market. In fact, gold has returned 355% over the last 15 years (same as the 30-year return) while the Dow has returned only 58%. After seeing the fa

She’s been the leading lady on local tv for nearly 15 years and now, she is stepping into the next chapter. She’s also my leading lady in life and the Mama to our crazy kiddos. We sit down and she answers the ONE question EVERYBODY has asked us since she resigned from her position. “How can you just leave a job? An income? Are you scared?” Many of you know our debt free story and how we were buried under $52,000 in debt in 2010. For those that don’t, well, we tried to keep up with the Jones’ for too long and well, it got us in BIG trouble. Expensive cars, stacks of credit cards with racked up bills, way too much crap and trips we had no business going on. We HAD to make some serious changes. We had to adopt many new habits and behaviors to get rid of the excess and the debt. We still live under those principles to this day. These habits are what made giving up an income and moving into our next chapter of life, completely possible. During our interview, Andrea and I break down our Top 5 Money Hacks that we st

Wow - did someone just say that your 401k is a bad plan? Yes. Rebecca Walser comes on the show to share with us why your 401k isn’t just hurting you...it’s actually KILLING your financial plan. It all started back in 1978 when the famous 401k plan was in a way created by accident. Back in the late 1970s, most employers contributed to a defined benefit plan (AKA a pension) and that cost employers a lot of money. During this same time, tax rates were much higher than they were today and some very highly compensated executives were looking for loopholes to avoid these high taxes. What they proposed was they could be bonused out in the form of a 401k plan, which allowed them to take their bonus, dump it into a 401k plan to avoid paying the high taxes now, and then grab that bonus money at retirement when taxes were much lower. However, a few years later businesses started catching on and realized they would save millions upon millions of dollars by getting rid of the pension plan and moving to a 401k plan. Instea