Money Peach

Jordan Goodman is a rockstar. You may have heard of him as America’s Money Answers Man and seen him as a regular CNN, Fox Business and radio segments across the country. Jordan is referred to as the answers man because of his expertise on all things money, but I wanted him to come on the show for one reason and one reason only: The Equity Optimization Strategy Jordan walks us through step-by-step how to pay down your 30-year mortgage in as little as 5-7 years using a HELOC. Now, I am sure you’re waving red flags, and you definitely should be. I was too. Therefore, I made sure Jordan broke it down step-by-step and I even had to ask him to explain it three different ways so we can all fully understand this strategy. Here are just a few things we mention inside this episode: Countries such as Australia and Japan already use this method of rapid mortgage acceleration The reason it works is because mortgages used amortization schedules and HELOCs are based on average daily balance You must have some equity in you

I am beyond excited to have the founder Investor Junkie come on the show to share the ins and out on the different investment strategies we all have available to us. We break down the differences between robo-advisors vs your traditional advisors, the top micro-savings apps, passive real estate investing and even dive into peer to peer lending. On a side note, much of the research we do on Money Peach for investing advice starts with Investor Junkie. The reason why we choose them over the other sites is the because of Larry - he is your brilliant investor-friend down the street instead of the suit walking down Wall-Street. He and his team have done an amazing job breaking down and explaining how investing really can be for everyone and there is never just one right or wrong way - it depends on what you like and what you’re comfortable with. Here’s a quick breakdown of the show: Robo-Advisors - Good or bad and what about the future? Micro Investing Apps - Which one is the best and why? Real estate - How have t

Did you know there are basically four different budgeting techniques to use with the everyday money. They are: the cash envelope system, the survival budget, the balanced money formula and the budget burn down. If you’ve been a long-time listener, you know I am huge fan of the cash envelope system when you’re first getting started with forming a plan for your money. However, this doesn’t mean it’s a budgeting technique you have to develop and use forever. This week Jeff Whelpley, the co-founder of Swish, is coming on the show to talk about the BUDGET BURN DOWN technique - which may be a great fit for you. To give you a glimpse of how the burn down budget works, think of a fuel gauge on your car. Now, instead of gas and miles, think of money and life. If this doesn’t quite make sense yet --no worries. We will dive deep into the Budget Burn Down in this week’s episode. Here’s what you can expect from this week’s interview: Breakdown of the Cash Envelope System (still my favorite) Breakdown of the Survival Budg

We are taking the week off, but bringing back the interview with George Laughton. George and his wife Jennifer started the Laughton Team in 2007 and have steadily climbed to become one of the top real estate agents in the entire United States. In fact, George is not only a top 1% real estate agent across the country, but he was also the youngest person to ever be inducted into the RE/MAX Hall of Fame. With that said, I didn’t want to bring George on the show to talk about his success, but rather to discuss WHY he has been so successful. What separates him from the rest of the people trying to do the same thing in his field? What are some of his daily routines? What books does he read, where does he go to learn, who does he look to for mentoring, and how does he continue to improve every single day? F or more information, visit the show notes at http://www.moneypeach.com/session42

Michael Dinich from YourMoneyGeek.com is coming on the show to talk about one of the most hated topics when it comes to your money: INSURANCE Michael is an expert in the health insurance world and I asked him to come on the show to explain how insurance works in and to please explain it in terms we can all understand. By the way, did you know the #1 cause of bankruptcy today is directly related to medical debt? And if you think about it, what has become one of the largest expenses inside the monthly budget each month? If you said health insurance, you’d be exactly right. During this interview, Michael and I discuss: Why Affordable Care Act is so UNaffordable The “loopholes” people don’t know about that can save them thousands in premium costs Health Sharing Accounts: A popular alternative to health insurance without the penalty Health Savings Accounts: How to utilize tax-free dollars for health care All the show notes, the app and anything Michael and I mentioned can be found at https://www.moneypeach.com/

Mary Wheeler shares her incredible story of how she paid off $30,000 worth of debt in only 96 days. Yes, you read correctly - ninety-six days. Meet Mary Wheeler - founder of Abundant Wealth Solutions and a financial coach helping people destroy their student loan debt so they can create their own gateway towards REAL financial freedom. Just like many of us, Mary didn’t start off a financial rockstar. She shares how she grew up in the projects of Mississippi and always had to struggle to simply get by. She carried this belief of money with her into her adulthood and graduated college with $30,000 worth of debt and no plan to pay it off. After a few years of making interest-only payments and struggling to get by, she realized she would have to change the way she handled money if she wanted to change her life and her family tree. In the interview, Mary and I talk about: Growing up in the projects of Mississippi The loans she took out for college Her initial plan...or lack thereof What she had to do to literally

Fellow blogger and founder of Millennial Money Man, Bobby Hoyt has a lot in common with me. We both paid off quite a bit of debt in a very short amount of time, and we both did it the same way - with SACRIFICE. However, one of the main things we both completely agree on is how much we both value our mentors. Bobby shares how and where he met his mentor and how his life and business have completely transformed since they started working together. I chime in quite a bit on the conversation because of the belief I have in finding someone you can look up to in business, relationships, goal-setting, family, etc., and asking them the tough question: “would you become my mentor”. In fact, if you haven’t listened yet, I interviewed John (the person I meet with on a regular basis) in April 2017 in Episode 38: Retired by 34? With John Gaston During the episode, Bobby and I talk about: What to look for in a mentor How to ask someone to become your mentor Why we place so much importance on a quality mentor The #1 thing

We are taking the week off of recording and wanted share a REPLAY of one of our favorite and most popular episodes from the podcast - my interview with Rich Habits Author, Tom Corley.   In 2013, I was listening to the Dave Ramsey Show on the radio when he brought up an incredible book called Rich Habits by author Tom Corley.   After hearing about the book, and then listening to the interview with Mr. Corley, I immediately purchased the book and finished it that evening. The Rich Habits were so powerful in my own life that I have continued to practice those same ten habits from the thousands of millionaires Tom interviewed for his research for his book all these years later. What are the habits of America’s wealthiest people and what are the habits of the America’s poorest people? Some of what we talk about is obvious, however Tom shares some stories of other habits that none of us would ever even think about. My favorite…”the Hello Call” Tom Corley is not only an incredible guest to have on the show, but he s

Erin Chase, founder of 5DollarDinners.com has helped thousands of people save a ton of money on the one thing we all overspend on every month: FOOD. Erin is now the leader in the space of meal-prepping on a budget and has been featured on talk shows such as Rachel Ray, the Today Show, Fox & Friends and The View. What you will quickly find in our interview is Erin is different and in a good way. She truly does care about people making an impact on their health and their budget by staying away from expensive drive-thrus and substituting it for a plan that saves money and is better for you. Inside this episode, Erin shares how she started by cutting her grocery bill in half with some simple tricks and ideas to sharing on her blog and then growing her business as a go-to resource for thousands upon thousands of people looking to save as much money as possible. A few of her best practices are: Don’t look for sales, let the sales come to you Meat - don’t ever overspend on meat A meal for your family should alw

Sam Shultz and Ramy Serageldin, co-founders of HoneyFi - the latest fintech app helping spouses get the other spouse on board with the money are here to talk about your partner and your money. 
Whether you’re dating, newlyweds or getting ready to toast 25 years of marriage, you’ll want to check out what these two relationship and money experts have to say on: Top Question: Does everything have to be an open book with the money? The Main Event: Should couples manage money together or separately? Oh Crap: What if your spouse is trying to drag you in the wrong direction financially? What about the App? How does this app differ from what is currently out there and is it worth it to check out?
 All the show notes, the app and anything Sam, Ramy and I mentioned can be found at https://www.moneypeach.com/session83

Emma Johnson is the founder of Wealthy Single Mommy - a blog, website, podcast and community to help, motivate and inspire other single mothers just like herself. Prior to becoming a single mother, Emma was married with a 14-month old daughter when her husband was involved in a tragic accident. Thankfully her husband survived, however their relationship was never the same again due to him suffering a traumatic brain injury. Thus Emma soon became a single mother to now two children. What Emma soon realized is she was not alone. She explains there are 10 million unmarried moms right now and almost 60% of millennial mothers became are raising kids outside of a traditional marriage. And these single mothers are thriving. “For the first time in history it is very possible for unmarried women to raise amazing, healthy children while also building wildly successful businesses and careers – and enjoy dating and the pursuit of romantic love. I’m one of them” - Emma Johnson Emma comes on the show to share her story and

“Seth” - my very own financial advisor - comes on to say what most advisors won't. Since most professionals in the financial industry are so highly regulated, “Seth” agreed to come on the show if we kept his identity a secret. Now that he's anonymous, he is able to drop a ton of value including what you should be asking your advisor, how fees are structured, and some of the biggest mistakes he sees new clients make. During our interview, I ask Seth: • Explain how robo-advising works • When robo-advising is not a good fit • How to know whether or not your advisor has a plan or not • What questions you should be asking your next financial advisor • What should you be talking to your current advisor about
 As a BONUS, this episode comes with a PDF Cheat Sheet I asked “Seth” create, which will come in very handy when you're getting ready to interview your next advisor. By the end of the episode, you'll have a much better understanding of how financial advisors are paid, common fees you can expect, and what you sh

Kayla Sloan has been my virtual assistant since the very beginning of Money Peach. There is so much that goes into creating blog content, putting together a weekly podcast, helping students inside the Awesome Money Course, and making sure it all goes smoothly. Without Kayla, there’s no possible way I could get all of this done and still work as a full-time firefighter. Recently I have had a few people ask me how they could generate extra income every month to pay off debt faster, to cover their mortgage, to buy groceries, or to simply just have a little fun with money! That’s where Kayla comes in. You see, Kayla didn’t go to college to become a virtual assistant and she doesn’t have a background in information technology. Instead she simply helps people with whatever they need online...and now just a few years later she’s making over $10,000 every single month by doing so! During our interview, I ask Kayla: • How she get started as a virtual assistant
• How she first began reaching out to potential clients
•

Vincent Pugliese rose to fame among the photography world when he became one of the best sports photographers in the world. During his career he has filmed Superbowls, World Series, Stanley Cup finals, multiple Presidents of the United States, and many of the defining moments in history we are all familiar with. Vincent was one of the very best in his field, but there was only one problem: he was making $30k/year and there wasn’t much room for him to make more in his field of work. In addition, he was facing $140k in debt with a new baby to take care of. “Vincent, you have a skill, but you’re not using it correctly.” These was the words of his father which would have a lasting impact on him and change his life forever. Vincent didn’t leave the world of photography but instead made a pivot of the way he would use his skills to generate income. That pivot allowed him to go from making $30k in a year to literally $30k in a day which eventually led him to become fully debt-free...he even paid off the mortgage! In

Robert was the guy in his econ class in college sitting in the back with his laptop open and updating his blog. Today he blogs full-time on his site, The College Investor, which has over 1 million visitors per month and generates 7 figures in revenue per year. But Robert didn’t start there, did he? Instead, Robert graduated college and went to work for all places - Target. He actually worked his way up as store manager while all along he was building this “little blog” on the side. The story in between all of this is what we talk about on today’s show! Here are some of things we cover: How he went from $25 in January 2011 to generating REAL income (over time) Attacking your student loan debt What are some of the rules about Student Loan Forgiveness Best places to invest online The problem with micro-investing How long does it take to get to $1 million net worth All the show notes, links, and anything Robert and I mentioned can be found at https://www.moneypeach.com/session78 

My good friend Nick Loper from the Side Hustle Nation Podcast on the show to talk about generating income NOW. Nick founded Side Hustle Nation back in 2013 as a weekly show to feature people from all different backgrounds who were dedicating themselves to side hustling. At the time of our interview, Nick has recorded 260 shows and has one of the most popular business podcasts in iTunes. During our interview, I ask Nick: Profits vs Wages - what does that really mean How he is still side hustlin’ alongside his full-time gig The day 1 failure that almost shut him completely down The most interesting guests who are side hustling full-time Getting started with your own side hustle   All the show notes, links, and anything Nick and I mentioned can be found at https://www.moneypeach.com/session77

Colin Jones, founder of Blackjack Apprenticeship, on the show this week to share his crazy story of going from flat broke to generating a very high income by counting cards in Blackjack. Yes, it sounds absolutely crazy and it was hard for me to digest when I first heard about his story. But, after meeting Colin in person and asking him everything I possibly could, I asked him to share his story. Colin and I both agree that gambling is dumb. Sure, it’s fun and can be a form of entertainment, but NEVER count on it as a way to provide income. 
This is where Colin comes in - he is adamant that he doesn’t gamble. Instead, he is investing in the game of Blackjack and has an actual advantage over the house. This may also be the reason why he as been asked to leave countless casinos over the past decade for “winning too much”. I ask Colin a bunch of questions I am sure you’re wondering too. Here are some of the main points we hit: • Gambling vs Investing - I needed an explanation here • How long it takes to realistic

Founder of Stash Wealth Priya Malani on the show to talk H.E.N.R.Y’s - High Earners Not Rich Yet. Priya spent the first part of her career helping very wealthy individuals manage their high net worth in retirement and she came to one conclusion - IT WAS SUPER BORING! Priya made the pivot and decided she start her own firm called Stash Wealth in order to focus all of her efforts on the people she could help the most - people just like herself. “We are not your Father’s Financial Advisor” The millennial generation isn’t interested in cutting back life and living on rice and beans. They are extreme hustlers, they can generate income in a minute, and they want to save, invest, pay off debt, AND have ridiculous amounts of fun. In the show we talked about: • Defining who the H.E.N.R.Y.s are • Profit first • Best Online Savings Account • Hating on Budgets (can you believe this?) • Emergency Funds for the H.E.N.R.Y. • What are some of the biggest mistakes to avoid as a H.E.N.R.Y.
 Fun Fact: Priya and I don’t agree o

Kelly Snyder is the founder of the website and brand, Adore Your Wardrobe. Kelly’s mission is to give women the tools to overcome the problem of having a closet full of clothes, but nothing you want to wear. She isn’t about the latest and greatest trends, but rather focuses on finding clothes that make women feel confident, regardless of age. Now of course Kelly didn’t come on the show to share her fashion trends with a 34-your man who wears gym clothes everyday! I asked Kelly to come on the show to share how she started her business from an idea about fashion, to become a high-level earner inside this online business in the first two years. On the show we discuss: • What she recommends everyone does first before they actually start • Why even the people who test her products still have to pay to play • How she creates challenges to generate buzz about her idea • Why her services are only offered a few times per year • How she has built a team to drive the overall mission vs just working for dollars • A speci

Chad Carson, AKA Coach Carson, on the show this week to talk about something I have been obsessed with lately - Real Estate Investing (for beginners). Coach Carson has been investing in real estate for the past 15 years and he has seen both the good times and the bad. I asked him to share some of his best real estate investing techniques and how he got started with his first property.   On the show we discuss: Driving for dollars (real estate terms) Getting that first rental (the hardest one) What Coach looks for when he visits a potential property His buy box - when is it a buy vs a do-no-buy Planning for the long term with capital expenses The result - what life looks like when you do it right   All the show notes, links, and anything Coach and I mentioned can be found at https://www.moneypeach.com/session73