Chain Of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

A new year's resolution is a powerful way to make a big change in your life – as long as you stick to your plan.

Beverly Harzog is a consumer finance analyst and credit card expert at U.S. News and author of The Debt Escape Plan, she paid off $20,000 of debt in only 2 years and now inspires others to do the same.Beverly Harzog is a consumer finance analyst and credit card expert at U.S. News and author of The Debt Escape Plan, she paid off $20,000 of debt in only 2 years and now inspires others to do the same. Welcome! [:] First off can you tell us a bit about your debt payoff journey? What motivated you to tackle all that debt and what was the debt from? ● When Beverly was young she knew nothing about personal finance, she was a CPA ● Getting out of College, she got a ton of offers for credit cards ● She spent a ton of money on her image (she was self-conscious) ● She took things seriously and really cut back to get rid of her debt [:] Debt, debt, debt! We’ve seen a whole bunch of rate hikes this year, debt’s like one of those things that you should be using responsibly. When do you think it’s a good time (if any) t

New Year's Eve is one of those special nights that you want to have plans set weeks in advance, whether they involve a movie night with your friends or a fancy family party in an exclusive place.  Here's are some tips and we want to share based on our personal experiences. Happy new year everyone! [:] New year expenses ●     Katie wants a new dress for new years eve but instead of shopping to the mall, she goes shopping to her friends closet ●     Host a party and invite people to your place instead of going out ●     Katie hates crowded places [:] New years eve is the great time to make money ●     Uber drivingSupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

After graduating college, Chris Reining took a job in corporate America, and a few years later bought a condo and BMW. Happily living the American dream. One day, he was sitting in his cubicle and thought, “This is it? I just have to do this for the next 40 years?” He then put together a plan and at 37 he was finally able to quit his job. Chris has been featured on major news outlets including the New York Times, Business Insider, CNBC and others. Welcome! [:] A lot of people are unfamiliar with the FIRE moment, can you talk a bit about what FIRE means to you personally? ● Freedom to have the financial means to be independent ● A ton of people get the RE part incorrect ● Chris emailed his list and nobody mentioned the doing nothing part or early retirement. [:] You have a post about how much you really need to be financially independent, so what’s your magic number? :) ● Be able to support the lifestyle that you want, do you want to live on $60k a year of $100k a year? ● The magic multiplier is 25x, multip

Have you thought of adopting a pet? Pets make good companion and they are good for our emotional and physical health. [:] Katie's cat Raven's ear problem ●     Katie didn't plan for Raven's vet expenses ●     Katie spent $350 to cure Raven's ear infection [:] Pet expenses ●     Animal food is expensive ●     Pet surgeries are also expensive [:] Having a pet is fun ●     While having a pet is expensive, animal pets make you feel good ●     They will love you no matter whatSupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Liz is the creator of Chief Mom Officer, a personal finance blog whose mission is to teach working women about how to manage their money. Liz has been pursuing financial freedom for over 20 years and is currently the breadwinner for her family of 5.   Welcome!   [:] Could you tell us a bit about your story, your husband is a stay at home dad, was it always like that and what prompted that lifestyle? ● Married for quite some time with 3 kids ● Health issues 6 years ago ● Becoming more of a trend   [:] What’s some of the biggest struggles that women face in the workplace and do you feel like things have become more fair in years gone by? ● Face a ton of different struggles ● Gotten much better over time ● Negotiating is not done as much   [:] Liz, you’re a busy person. The breadwinner in your home and you have 3 kids you take care of. You also manage your blog and still find time for people. I know you’ve been asked this question before, but how you manage to fit all that in and still have spare time? ● Li

In our generation today, saving money seems hard especially for our kids' future education expenses. Katie helps us understand how starting a 529 plan works. [:] What is a 529 plan ●     A 529 plan is an education savings plan sponsored by a state or state agency ●     529 plans can be used to pay for college costs   [:] Best option for you ●     You have the option to use other states' 529 plan ●     Do some research online so you can the best options that you are looking for   [:] 529 plan calculator ●     There are tons of 529 plan calculators when you search on Google ●     mamafishsaves.com/choosing-best-529-plan   [:] Takeaways ●     The best way to save for college is to start early ●     Start a 529 planSupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Matthew Sullivan is the CEO and Founder of QuantmRE, a cryptocurrency startup that supports homeowners by helping them sell a fraction of the equity in their home without taking on more debt. A seasoned entrepreneur, Matthew has a proven track record in real estate innovation through his experiences as Co-Founder of the $50M Secured Real Estate Income Strategies Fund, and as Founder and President of Crowdventure.com, a real estate crowdfunding company.   Welcome!   [:] As mentioned above you’ve founded a startup that specializes in Real Estate & Crypto. First off can you talk about what a security token is in crypto? ● Securities are well understood as stocks, bonds etc. ● ICO’s appeared over the last few years and companies started making money off these as tokens. Companies were able to use these tokens as a means to create funding of working capital. ● Companies started using ICOs to avoid disclosures and protections offered by typical securities. ● Tokens allow a huge amount of liquidity ● Leverages b

Holidays are fast approaching and a lot of items that you've been wanting to buy are on sale and you find yourself spending a lot more than what you have expected. [:] How do you plan on spending your money? ●     Budget your money ●     Katie starts stashing money as early as August to spend for the Christmas season ●     List what you want to buy [:] How to keep your holidays spending in check ●     A lot of people fall for the store upsell. Have a price and stick to it. ●     Don’t buy stuff just to buy it ●     Set limit on what you are spending [:] The true meaning of holidays ●     Spending time with family ●     Most people want company instead of presentsSupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

From the wonderful and mystic kingdom Master Duke Jack & Master Duke Chris are from dukeofdollars.com where you can learn how to vanquish your debt, recruit a barracks full of greenback soldiers to do your bidding and establish impenetrable moats to protect your livelihood and ultimately build your own financial kingdom! Welcome! [:] Every good duke has had to breach a castle at least once in their lives, what strategy would you use to cross a moat? (ice breaker, doesn’t need to be PF related) ● Chris: Let’s see what Jack says but disguise would be a great strategy (like a ninja) ● Jack: Dragon ;) [:] The pair of you have quite different backgrounds, tell us a bit about your background Master Duke Chris and then yours Master Duke Jack. ● Chris: from a small town with 2 parents, very fortunate and built up some strong values. Chris really enjoyed sports and got some good strenghts like integrity. He was the first in his family in College. Since then got into IT and grew his income. ● Jack: Starting earl

Making money online is not really hard to do. Anyone can do it and it doesn’t require a complicated system to start earning that money. There's a ton of ways to do it using the world wide web and get income. [:] Benefits from making money online You can make money online anywhere as long as there's internet You can manage you own time [:] How can you start? You don’t need to have a blog to start earning. Make money online by setting you own guest house or apartment through AirBnB Use your extra room as a commercial space [:] Apps and sites to check out Craiglist is one of the great ways to find jobs online Katie found some jobs online through Craigslist to pay her mortgage Use JobSpotter app to find tons of available jobs Google Search [:] Easy extra income Use your hobby and offer services to get extra income Babysitting is pretty easy money Uber drivingSupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https

Mike is a 30-something CEO, Blogger, and Forensic Scientist. On his blog, mikedupblog.com, he writes about financial insights for Family & Business, and gives fitness tips for everyone. Mike has a ton of financial pillars for millennials and we’ll be picking his brain! Welcome! [2:24]  What made you decide to create financial pillars for millennials? Wrote smaller series- 10 financial musts for high school students Started thinking next level and how to apply them to millennials and other people 9 life, 3 more to come! [4:7] One your pillars is to negotiate everything. Can you speak a bit about what that means to you and why it is specifically important for millennials? Millennials currently making big decisions, e.g. buying a house is decided before you get to the negotiation table Mike recently was buying a business and realized that everything comes down to negotiation, it doesn’t look like much in the moment, but over a long period of time it adds up quickly Begs the question- what if you s

Today we will talk about starting your own financial blog. There's a lot people who are interested to learn about personal finance, so starting a personal finance blog is a very good idea. [:] You want to reach your goal? The best way to reach it is to write it down. While working out on reaching your goals, write your thoughts and ideas and things that you learn to keep track of what you have been doing so far in getting your goals. [:] Mega-guide in starting your own blog You can check out Pete from "Do You Even Blog?" at www.doyouevenblog.com. See other people's blog about personal finance and make that as your motivation. [:] Best part about blogging Katie keeps track of how much debt she has and updates the "About Us" page of www.chainofwealth.com This is one of her motivations and everyone can always see that achievement Start saving and get ahead of your financial debts [:] Paying your debts When you consistently paying off your debts, it gets easier as times goes on. The amoun

Hoda Mehr is the co-founder and CEO of StockCard.io. She started Stock Card about a year ago to enable the new generation of stock market investors to make fact-based investment decisions without time-consuming research. She believes the old market wisdom that individual people should not invest in individual stocks. And it’s a thing of the past and she’s trying to equip a new wave of investors with the tools they need to succeed. Welcome! [2:26] Tell us a bit about yourself- What’s your favorite superhero? Wine sommelier and loves puppies! [4:41] Let’s chat about investing, you believe individual investors should not be purchasing individual stocks. Why? Lots of people feel distant from money and investing The people that really succeed in investing that are active are the ones buying stocks. To be successful you need to be very hands on and be in charge. Used to help father manage his investments- he taught her to take a hands-on approach [8:45] You’ve stated that there’s no equivalent female investor to Wa

[:] Check your paystubs ●   Always check your paystubs especially if you are working in a new company ●   Check if the old company paid the state tax ●   Your income tax is your liability [:] Keep in mind ●   Check what you are actually getting paid ●   Check the deductions [:] In a budget ●   It is very important to save money ●   Nobody wants to pay big bucks for the taxes ●   Don’t play catch up with your taxed because of paystubs mistakes [:] Tax payments ●   Any income that you earn would probably be taxable ●   Don't take your tax responsibilities for granted and pay on time [:] Important things to remember ●   Check your paystubs ●   Save moneySupport this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

When Liz was 21, she had a good life – a promising legal career, a 9-digit inheritance, and was one of the heirs to her father’s business empire. When she turned 22, however, she lost everything upon coming out to her family. It took a few pity parties, but she eventually picked herself up. Now, at 25, she’s working towards a $100,000 nest egg by the end of 2018. Her newly founded blog, Splurging on Freedom, is a reflection of what she has lost, and what she has learnt. It also chronicles her progress towards financial peace and freedom.Support this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Have you ever bought something that you thought was amazing and you only used it one time? We want to talk about all the junk you've accumulated in so many years and what you should be doing with it.Support this podcast at — https://redcircle.com/chain-of-wealth-debt-investing-entrepreneurship-wealth-and-more/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Terri Mead is an angel investor and fellow podcaster based out of the San Francisco Bay area. She has been investing in digital health- specifically in FemTech (women’s healthcare) and PediaTech (pediatric healthcare) all while teaching others how to live their best life through her podcast, Piloting Your Life. Welcome! [2:24] How did you come to become an angel investor? 3.5 years ago Terri was chatting to a friend She got into *SanHill Angles* When she got involved 2 months later she realized that she had nothing to prove Angel investor= own money [4:7] What is the process an entrepreneur can expect to go through when finding an angel investor? It’s not easy finding angel investors Could join accelerator or incubator Often it’s who you know not what you know [11:5] Tell us some questions that you ask as an investor? Usually there is a warm intro and a pitch deck Terri ignores cold emails and calls Angel investors have a huge amount of calls to get through so establishing that relationship is crucial [16:59]

What do you want to achieve next year Envision where you want to get to and put a time frame on it. Set mini goals. Sometimes the Not meeting a goal? Don’t worry If you can’t meet your goals, It's okay! Although it is really hard, as long as you are always moving forward, you doing the right thing. At the end of the day it is still your goal and you are going to achieve it no matter what. Don’t give up right away! Being a little late is better than quitting. Reviewing your goals Check your goals on a regular basis. It helps you set your next goals. Once you have accomplished a goal, review it then decide to set new set of goals to achieve. When you set goals, write them down. It also helps if tell a friend about your goals. That person may be able to help you and give you advice whether you reach your goal or not. Goal setting: How? Just do it and make sure to set those little goals and celebrate them regardless if they are small or big achievements. They motivate you and achieve more goals in the future.

Thomas Minter is a 33 year old millennial DINK (Double Income, No Kids), living in an expensive city. My Fiancée and I work hard, and earn a solid living. He started his blog, The City for Millennials, as a platform for urban-dwelling, up-and-comers to discuss ways to DO MORE, MAKE MORE, and SPEND LESS in cities. Welcome! [4:12] When you finished school you had $80,000 of student loan debt that you paid off in 3 years. To give people perspective the first job you had you were earning $40,000- what are some strategies you used to tackle such a large amount of debt? ●     Had to increase income streams ●     Shocked at first bill that came in, Thomas decided to get serious and pay it back quickly ●     Ask questions at work how to increase your salary, any opportunity for overtime or travel ●     Traveling for work really helped, sublet his apartment out ●     If you work overseas you can exclude a ton of your salary [12:3] What’s the number 1 thing you see millennials spending (or wasting) their money