Listen Money Matters - Free Your Inner Financial Badass. All The Stuff You Should Know About Personal Finance.

We tend to talk about stocks much more often than bonds. Why? Because since LMM began, our audience has skewed young, most of our listeners are in their twenties and thirties. But the show has been around for seven years now. Those who have been with us from the beginning are seven years older. We want to serve our audience, so we need to focus a little more on bonds. Most of you know the basics, and we've covered bond investing in the past. Today we have returning guest J. David Stein to go a little deeper into the weeds and talk about the yield curve. Full Article Here Show Notes Flatter Flatter: An IPA from SingleCut Beersmiths Blue Light Rain: An unfiltered German Pilsner from Knotted Root Brewing Company Money for the Rest of Us: J. David Stein's site and podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices

We get dozens of emails from listeners each week asking really thoughtful financial questions. When a question needs a detailed answer or might be helpful to others, we turn it into part of a 5 questions episode. Today we have 5 questions about buying a timeshare, the Lending Club strategy, f**k you money, buying a rental property, and what to do with a million-dollar inheritance. Full Article Here Show Notes Cape May City To Shore: A Double IPA Thick Blueberry Goo: A smoothy style Berliner Weiss. Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a lot of bad things happening around us: climate change, weekly mass shootings, rampant opioid addiction, income inequality.  Rather than feeling helpless and frustrated, let’s take matters into our own hands. That’s where socially responsible investing comes in. You can invest in the world you want to live in. Full Article Here Show Notes HopHands: An American Pale Ale Wisp: A Belgian style whip Learn more about your ad choices. Visit megaphone.fm/adchoices

Agriculture is the one industry that touches every person on the planet. Agriculture produces the food we eat, the liquids we drink, the clothes we wear, and the furniture we sit on. There are nearly 7.5 billion people on earth, all of whom consume what agriculture produces. Which makes investing in agriculture seem like a no brainer. Full Article Here Show Notes Fat Orange Cat: A white stout brewed with coffee and chocolate Melcher Street: A double dry-hopped IPA Dallas Blonde: An American blonde ale. Harvest Returns: Grow your wealth with passive investments in farming and timberland Learn more about your ad choices. Visit megaphone.fm/adchoices

The FIRE movement has carved out a big niche in the personal finance space. FIRE stands for Financial Independence, Retire Early but if you quit traditional work in your 30s or 40s, what will the rest of your life look like? Three or more decades is a lot of time to fill and sitting on the porch in a rocking chair or playing golf aren't going to be enough to fill it. The 30s to 60s can be the prime of life. We're still filled with energy, ideas, and ambitions. Full Article Here Show Notes Apricot Compote: A Sour from Evil Twin Brewing. The Frugal Engineers: Kim and her husband's site.   Learn more about your ad choices. Visit megaphone.fm/adchoices

We get dozens of emails from listeners each week asking really thoughtful financial questions. When a question needs a detailed answer or is of interest to a lot of people, we turn it into part of a 5 questions episode. Today we have 5 questions about debt consolidation, saving money on a move, combining finances, living paycheck to paycheck, and capital gains. Full Article Here Show Notes Lightful: A German-style wheat beer from Tired Hands Brewery. Yule Smith: A double hopped IPA.   Learn more about your ad choices. Visit megaphone.fm/adchoices

We talk a lot about making sure your portfolio is diverse enough to insulate your investments from risk. But if you want to ramp up returns, consider diversifying your retirement with alternative assets. How can you do that? A Self Directed IRA is one of the most powerful tools in your retirement arsenal. Alternative investments can improve your chances of retiring with enough money. Full Article Here Show Notes Apricot Compote Sour: A refreshing summer beer from Evil Twin. Alto: The Alto platform provides users with a simple interface to set up, invest with, and manage a diversified portfolio of alternative assets.   Learn more about your ad choices. Visit megaphone.fm/adchoices

The United States Department of Agriculture (USDA) estimates that it costs nearly a quarter of a million dollars to raise a child from birth to age 18.  That tally does not include the cost of a college education. The largest piece of that pie lies in housing and transportation at a whopping $107,000. Next, you’ll factor in childcare and education at $44,000. (See? I told you this shit is expensive). Following that is clothing/miscellaneous and healthcare at $33,000 and $20,000 respectively. Let’s get crazy and add the cost of college into that number.  Now we are easily pushing over $350,000 to raise one child. Having kids is not a business decision for most people but it comes with many of the same considerations. There are no “one size fits all”. Let's look at some things to consider before embarking on what I called my new business and what you would probably call your family. Let's talk about the business of babies. Full Article Here  Learn more about your ad choices. Visit megaphone.fm/adchoices

Knowing your personal net worth is one of the most important aspects of personal finance. It's one of the best indicators we have to know if we are on target to meet our goals. Whether you want to be debt-free, buy a home, pay for college for your children, or to retire you need to be on target. Your net worth is a way to see what is holding us back. It's a very strong indicator of your overall financial health. Figuring out your net worth is easy. Add up the total value of all of your assets. Add up the total value of all of your debts. Now subtract the assets from the debts. You might have a positive net worth or a negative one. Not really into math? We hear you. We know someone who will do the math for you for free. Personal Capital will give you a complete picture of your net worth, compare yourself to others average net worth in your age or income bracket and track progress towards your goals. They also do a ton of other things for free like track your spending, analyze fees, investment checkups, and hel

In its ongoing quest for world domination, Facebook is set to launch a cryptocurrency called Libra. And a digital wallet to store those Libra called Calibra. Given the company's somewhat shady privacy practices, would you trust Facebook with your money? Full Article Here Show Notes Passion Pool from Mikkeller and Friends: A gose. Craft Lager from Upslope Brewing Company: An American style lager. Learn more about your ad choices. Visit megaphone.fm/adchoices

We get dozens of emails from listeners each week asking really insightful financial questions. When a question needs a detailed answer or is of interest to a lot of people, we turn it into part of a 5 questions episode. Today we have 5 questions about spending a raise wisely, investing in a bull market, what to do with an inheritance, how to pay for an engagement ring, investing in weed stocks, and a bonus question about gold. Full Article Here Show Notes Boont Barl: An amber ale. Dogfish Head SeaQuench: A sour ale. Learn more about your ad choices. Visit megaphone.fm/adchoices

Andrew and Matt share their stories and the lessons they learned creating a blog that makes passive income but more importantly, they are going to spell out the exact steps they took to achieve financial independence. They will cover: How to Start a Blog (Step-by-Step Guide) – Everything you need to get started in under 10 minutes with $160. The act of paying someone to host a blog for you is easy. How to Monetize your Blog – The only two ways that matter and the one you should avoid at all costs. Your Creation Strategy – Make what people are actually looking for. Also, 80% of SEO is bullshit. I am not special, the internet is filled with people doing exactly what I do. The difference is, I’m just going to tell you for free. A Blog’s Growth Trajectory – What you should expect in year 1, 2, 3, 4 and 5. It’s all about appropriate expectations because slow and steady wins the race. Going viral is bullshit. Winning online isn’t about being the fastest, it’s being the one left after everyone else gave up. How You

Buying a house is a long-held tenet of the American Dream, one of the milestone markers of adulthood. But there are a lot of misconceptions about homeownership. And there is a lot of misleading information about the process of how to buy a house, some of it seems deliberately misleading. An uninformed buyer is an easy mark for predatory real estate agents, home inspectors, contractors, banks, and mortgage brokers. Buying a house to live in rather than to rent out is not an investment. In reality, it’s usually a terrible investment. That’s because, at the end of the day, owning a home takes money out of your pocket: You’re paying property taxes, you’re paying maintenance, you’re paying insurance. There are all of these other things that happen with your home that you’ve got to pay for. But every decision we make doesn't have to be based strictly on dollars and cents. No matter what we are, anyone else tells you, sometimes you just really want a house. A home of your own feels like stability. It allows you to

Everyone wants to find success both in their personal lives and their professional lives. Because success is an almost universal desire, there are thousands of books, podcasts, articles, TV shows, and seminars that claim they can teach us how to be successful. And all of the people selling those books and other things have a vested interest in making finding success seem harder and more complicated than it needs to be. But we like to keep things simple and assume you want the same. We love Marcus Lemonis of the TV show The Profit. He is a successful business person and on the show, takes failing businesses and teaches the owners how they can simply achieve success using the Three P's of Success. There is no magic formula, no book to buy, no seminar to attend. You can spend a single hour after you finish reading this (for free!) and implement one small suggestion for each of the Three P's into your personal, professional, and financial life. Making small changes or minor improvements will not only make you mor

We get dozens of emails a week asking financial questions. Sometimes we get a question so good, we want as many people as possible to hear it and the answer. That's how 5 questions episodes were born. We have questions about the 4% rule, staying financially motivated, and making passive income. Let's answer some questions. Full Article Here Show Notes Gose Dragon's Milk-White: A  white stout. Matt's Home Brew: A Kolsch. Learn more about your ad choices. Visit megaphone.fm/adchoices

A dollar today isn't the same as a dollar tomorrow, that's the time value of money. Risk and return are expecting a dollar risked to earn more than a dollar. The time value of money and risk and return are two core concepts in personal finance. Luckily, each boils down to a pretty simple statement. The core principle of the time value of money means your dollar today is worth more than your dollar tomorrow. Risk and return say that if you are to risk a dollar, you expect gains of more than just your dollar back. For each unit of risk you take on, you expect a slightly more significant unit of return. Even though these money concepts are easy to simplify, I want to dig a bit deeper into each of them. Full Article Here Show Notes Mikkeller Brewing Passion Pool - Gose-style ale with Passionfruit and Sea Salt American Solera Movement and Color Member Blend - Foeder Ale Refermented with Chambourcin and Norton Grapes Learn more about your ad choices. Visit megaphone.fm/adchoices

For most people, their mortgage is their biggest debt. And we all know that debt is bad. Debt is an emergency that we must pay off as soon as possible. But is all debt bad? Is paying off your mortgage quickly a good personal finance strategy? Paying off your mortgage more quickly has its advantages when done strategically but there are downsides too. We get a lot of emails asking about paying off mortgages early and people site various reasons for wanting to do so. A lot of people want to join the FIRE movement. They want to quit their jobs, retire much earlier than the typical retirement age of 65, and sometimes start a business with their extra money and time. Mr. Money Mustache is the God Father of the FIRE movement. He paid his mortgage off years ago to be able to live on something like $30,000 a year. Some people just hate the idea of having any debt hanging over their heads and as we wrote, a mortgage is the biggest source of debt for most. And there are some homeowners who have a bad interest rate and

We all want to get rich or rather wealthy. Being wealthy is much different and much better than being rich. If you want to know how to get rich without getting lucky, Twitter can teach you. A Twitter thread from Naval went viral in the spring of 2018. Full Article Here Show Notes Jam Skate: An American Imperial IPA. Trillium Brewing: A Double Dry Hopped India Pale Ale. The Tweet text that inspired this episode.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people are familiar with Airbnb, the site that lets owners rent out a room or an entire home to travelers. Airbnb has become such a hit that many people use it exclusively when traveling for pleasure, work, or any other reason. Goodbye cramped hotel room, hello fully furnished house! And Airbnb isn’t just a hit with those renting a place to stay. Airbnb is the most profitable way to make money in the gig economy. What it did show was that 85% of gig economy workers make less than $500 per month. But, Airbnb hosts, on average, make more than any other gig workers and are raking in an average $924 per month. In fact, Airbnb can be more, a lot more, than a way to make a little money on the side. You know Airbnb but you may not be familiar with the acronym FIRE. It stands for Financial Independence Retire Early. And it’s more than an acronym. FIRE is a whole movement championed by people like Mr. Money Mustache and Tim Ferriss. And the Retire Early part doesn’t mean retiring at 55, it’s more like retiring at

We get some interesting questions from our listeners, and we like to address them on the podcast so the answers can help anyone who might have similar questions. Today we’re answering questions about raising rich kids, hiring help, and a $2 million inheritance. Full Article Here Show Notes Saigon Scooter Selfie: A Vietnamese Style Coffee stout Hell or High Watermelon: A wheat beer brewed with real watermelon. Learn more about your ad choices. Visit megaphone.fm/adchoices