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

Sometimes we get awesome questions from our listeners and we like to do an episode around them. Today we have five awesome questions from you about 401k loans, side hustles, student loan interest rates, buying a home and early retirement. Full Article Here Learn more about your ad choices. Visit megaphone.fm/adchoices

The future is creeping up on all of us. If you’ve been avoiding thinking about it, it’s time to get serious about retirement and your goals. Some of us put off worrying about money for a long time. When you’re in your twenties and thirties, retirement seems so far away that it’s not worth thinking about.  But the clock is ticking and you are wasting the most powerful thing in personal finance, the power of compounding interest. The longer your money is invested, the more it grows. There is no substitute for the power of time. This is the time to pay iff your debt, grow your income, start investing. and grow that net worth. Whether you think about the future or not, it’s happening. Well, there is no time machine to take us back and invest our money earlier but if the best time to start investing was when you were 18, the second best time is now. We know, adulting is hard. Full Article Here Show Notes Cascade Kriek Ale:A sour ale from Cascade Brewing Ace Pineapple: The world's first pineapple cider. LMM Pro:

All of us have spending leaks, money we spend that we shouldn’t. We’re getting back to basics. While you were all busy investing in real estate and monitoring your portfolios, you’ve been steadily wasting money. We’re all guilty of it, but from time to time we need to go back to personal finance 101 and take a hard look at how much we are spending day to day. Stop wasting money already!  And remember what gets measured gets managed. Full Article Here Show Notes Cascade Kriek Ale:A sour ale from Cascade Brewing. LMM Pro:Research, evaluate, and track rental property. Toolbox:All the best stuff we use to manage our money. Community: Join the conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Money is almost as taboo a subject as sex and arguably, just as important in a relationship. But too few people bring it up. Today we are getting financially naked with the Broke Millennial.  How to talk about money, with yourself, your partner, your friends, and your parents. Full Article Here Show Notes Elliott Ness Lager: An amber lager from Great Lakes Brewing Company. Broke Millennial:Get your financial life together. Broke Millennial: Stop Scraping By and Get Your Financial Life Together: Erin's new book. Learn more about your ad choices. Visit megaphone.fm/adchoices

No matter what your financial goals are, sometimes reaching them can feel like a slog. Do you need some money motivation? We got you. We are going to motivate you to take action, to stop making excuses and to finally do what you already know you need to do. At the end of this month, you’ll be motivated to take on the world. Because when you change your money habits, you will change your life.   Full Article Here Show Notes Toolbox:All the best stuff we use to manage our money. Community: Join the conversation. LMM Pro:Research, evaluate, and track rental property. Learn more about your ad choices. Visit megaphone.fm/adchoices

Good personal finance habits start young. Our children don’t get much personal finance education in school so it’s up to parents to provide that education. There are things we can do throughout their childhood to turn our kid into a money master. Today we take to Eva Baker from Teens Got Cents. She started Teens Got Cents as a home school project when she began to get interested in personal finance. She started doing some research but found that most information was geared toward adults and there wasn't much to help kids. Eva saw a gap and decided to fill it and that's how her site started when she was just 16. Eva blogs about how teens can shop smart, get a great part time job, go to college debt free, save money, and start their own business. In 2015 she founded The Teenpreneur Conference. This annual conference brings together teen business owners as well as teens who want to start their own business in a community that truly is by teens, for teens. Full Article Here  Show Notes Vanilla Porter Brecke

Do you hate making a decision? Sometimes the fear of making a decision means we miss out on a good opportunity.  We make dozens of decisions every day. Some of them are minor like what to wear to work, and some are major like deciding between buying a rental property or a house to live in. When you learn to master the decision-making process you can improve every aspect of your life, your job, your health, your relationships and not least of all, your finances. Today we will get you off the fence and show you how to master the decision making process with Matt Bodnar. Full Article Here Show Notes Riverhorse Tripel Horse: A Belgian style ale brewed with spices. The Science of Success: Get the guide to making better decisions. The Science of Success Podcast: Unleash your human potential. Mindset: The book that changed Matt's life by Carol Dweck. Seeking Wisdom:Peter Bevelin Poor Charlie's Almanack: Peter D. Kaufman and Ed Wexler Predictably Irrational: Dan Ariely Influence: Robert Cialdini Thinking Fast and S

We love robo-advisors, and lots of other investors do too. But admittedly, robo-advisors are missing that personal touch some investors prefer. We found the best of both worlds in Wealthsimple. This is our Wealthsimple review along with a chat with CEO Michael Katchen. Full Article Here Show Notes Personal Finance for Engineers - Adam's presentation on Personal Finance. Not only for engineers but certainly focuses on their blind spots. Signup for Wealthfront - Get your first $15,000 invested for free! Special for LMM fans, the ultimate try before you buy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lots of us dream about turning our passion into a money-making business, and it can be done! In our on-going series about starting an online business, we discuss monetizing your passion and building your business.  Remember, our goal is to earn at least $1,000 a month by month 12 of your business and to see a clear trend towards growth. If you quit your job to work on this business full time, that’s not a lot. If you still have your full-time job, bringing in an extra $12,000 a year is pretty great.   Full Article Here Show Notes Icelandic Toasted Porter: An American Porter Style Beer. LMM Tool Box:All the best stuff we use to manage our money. LMM Pro:  Research, evaluate, and track rental properties. Learn more about your ad choices. Visit megaphone.fm/adchoices

A business plan can be a scary term conjuring images of thirty-page documents. But it doesn't have to be that involved. It's just writing down what you have to get done and a simple one page business plan is a great place to start.A simple one page business plan is nothing more than a map for your business that gives an outline of your goals and the steps you will take to achieve those goals. It’s not that different from having a plan to accomplish any goal. We'll discuss creating a simple one-page business plan. Full Article Here Show Notes LMM Tool Box: All the things we use to manage money.   Learn more about your ad choices. Visit megaphone.fm/adchoices

If you want to start a business what kind do you want it to be? There are two competing business philosophies: lifestyle business vs. growth-minded business. A lifestyle business isn’t intended to make the owner tons of money. The goal of a lifestyle business is to make enough money to be comfortable while having freedom and a good work-life balance while doing work that you enjoy. Many lifestyle businesses were started based on the owner’s particular hobby or passion and represent their personal values. When you think of the startup world, you typically think of founders who are working like mad to grow their companies as fast as possible. Often, the founder or founders will get their company to the point where there’s enough promise to attract funding. And at that point, you’ve got investors who now want to see an ROI – and in the startup game, they’re not looking for a modest ROI, they’re looking for “to-the-moon” businesses. This is the growth-minded business model. Whichever type of business appeals t

We’re continuing online business month with an interview  with Corbett Barr  from Fizzle on how to build a business.  Fizzle encourages you to create something you’re proud of through hard work and persistence. The site isn’t full of “20 Amazing hacks to start a business overnight and become a billionaire” content. It offers long-term advice that will help people grow a business. Full Article Here Show Notes Fizzle.co: Use this link to get a free five-week trial period.Crabbie's Ginger Beer:A slightly sweet, alcoholic ginger beer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Okay, so we want you to start your own business. But why are we advocating for online businesses? Because a brick and mortar business only goes so far. You have to physically be present, and there is a logical maximum you can earn based simply on space restrictions.   Restaurants can only turnover so quickly; clothing stores can only fit so many people inside at a time. The internet is infinitely scalable. It has almost limitless reach. There are people from every corner of the world who hear what Listen Money Matters has to say. An online business also gives you the freedom we all want. You aren’t tied to a location. We want to motivate all of you to get started creating online businesses. The idea is that with part-time, but a focused effort, in one year you can build an online business that earns $1,000 or more per month. Full Article Here Show Notes Kentucky Ryed Chiquen: An amber ale brewed with rye malt and aged in rye whiskey barrels. Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people are afraid to negotiate be it for a raise or a salary offer for a new job. Josh’s approach is to follow a process that will allow him to accomplish the thing he is afraid of. If you can break something down into steps and just follow the steps, suddenly you’ve done it. When it comes to getting a raise, most of us could do better. Today we talk fearless salary negotiation tips with Josh Doody. Full Article Here Show Notes Imperial Donut Break: An Imperial Porter from Evil Twin Brewing. Salary Negotiation Sample Email: To counter offer once you have a job offer. Salary Increase Letter Sample: Asking for a raise. Josh's Twitter: You can reach him here. Fearless Salary Negotiation: Josh's site. Learn more about your ad choices. Visit megaphone.fm/adchoices

How resourceful are you? When we harness the science of resourcefulness, we can achieve great things in our personal, professional, and financial lives.  How do we define success? For many people success means more; more money, more stuff, more employees. But that definition is wrong.   There are two approaches to resources; chasing and stretching. When we chase, we tire ourselves out going after more, more, more. If we stretch, we use the resources we already have available. Once we stop chasing and start stretching, we are better able to solve problems and innovate which means we are more fully engaged in our endeavors. Author Scott Sonenshein joins us to discuss his new book on resourcefulness. Scott Sonenshein is the Henry Gardiner Symonds Professor of Management at Rice University. His new book Strech: Unlock the Power of Less-and Achieve More Than You Ever Imagined gives us a new way to succeed in business and our lives by using the science of resourcefulness.   Full Article Here Show Notes scottsonen

On This Financial Life episode, the guys chat with Brian, a long time fan of the show. They talk about his finances, mortgage, and debt over a cold one.   Here’s the scoop. He and his wife are new first-time home buyers and live in the Philly area. They didn’t have the best living situation, so it pushed them to aggressively to save for a home and drastically cut spending. They didn’t have the easiest time of finding a home.   The first house they put a bid on majorly failed the inspection and they were looking at 10-20k worth of repairs. No bueno. They finally ended up finding a place they loved, but the price was a lot higher. After doing the math, they decided they could afford the house and used an FHA loan to pay for it. Full Article Here Show Notes: Andrews Beer: Mac Fanny Baw Bourbon Barrel Aged Smoked Ale from Against the Grain Brewery.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Finding the perfect job is a daunting task. You send out tons of resumes, create custom cover letters, go on interviews, anxiously wait for a call and then end up not getting an offer. Rinse and repeat. It can be incredibly frustrating when you send out application after application and don’t hear back anyone. If you have been searching for a new job for some time, it might be time to step up your game. Today the guys talk to Mark Fiebert (Andrews dad) and pick his brain on how to land a job. After years of experience being on both ends of the hiring process, Mark has some great incites on how to get your foot in the door, nailing your interview and making connections. Learn more about your ad choices. Visit megaphone.fm/adchoices

Holiday spending hangovers make January a debt month for some of us so we are bringing you five questions on how to deal with debt. Learn more about your ad choices. Visit megaphone.fm/adchoices

If you currently have debt there are ways to make it less expensive. Today we will discuss why you should refinance your debt.   Learn more about your ad choices. Visit megaphone.fm/adchoices

There are a lot of things that deserve your energy but paying off debt isn’t one of them. If you have debt, it can feel hopeless. But you can get out of debt, and it’s easier than you think. We can show you how to be lazy and pay off your debt.  An All-Time Record  If you have debt, you’re not alone. Total household debt—a category that includes mortgages, student loans, and car loans along with credit card and other debt—dipped in the wake of the Great Recession, but it has since steadily rebounded in the years since. Overall, Americans’ debt hit a new high of $13 trillion last year, surpassing the previous record set in 2008 by $280 billion, according to the New York Fed.” Not all debt is the same. Mortgage debt, for instance, is typically low-interest debt and a home can be an investment. It’s the other kinds of debt, credit cards, student loans, that can hinder all of your long-term financial goals. So let’s tackle that kind of debt once and for all, and be lazy while we do it. Paying off debt is a p