228: Finance Friday: Is “Random Spending” Ruining Your Budget?

228: Finance Friday: Is “Random Spending” Ruining Your Budget?

“Beware of little expenses; a small leak will sink a great ship.” This is the topic of today’s episode, where we interview Jenny for a Finance Friday review. Jenny is finishing up her fourth degree and has been working throughout grad school to help her family. Her husband brings in a sizable income, but he wants to retire in 2030 and spend more time with their (future) kids. Jenny has great control over her fixed expenses, but as for her variable expenses...not so much. Her family is consistently teetering between $1,000 a month and $2,400 a month in variable expenses, many of which can be resolved with some simple shopping tweaks (like leaving your credit card at home when you go to the grocery store). Luckily, they’ve invested a fair amount of their take-home pay, have a stellar 401(k) match, and are about to have dual incomes once Jenny is out of school. If you’re having trouble keeping a hold on your variable expenses, such as random Amazon shopping, tune in for this episode for advice on exactly what to do. In This Episode We Cover How to plan for retirement with two full-time incomes Paying off your home vs. investing in assets like index funds and real estate Taking advantage of 401(k) matches and maxing out retirement accounts Leveraging a future job to pay off student loans How to curtail your variable expenses and reduce “random spending” Why someone with “mortgage anxiety” should be wary of real estate investing And So Much More! Learn more about your ad choices. Visit megaphone.fm/adchoices

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55: How to Quit Your Job and Travel the World with Millennial Revolution

55: How to Quit Your Job and Travel the World with Millennial Revolution

Kristy Shen grew up poor. Knowing her parents couldn’t help her financially, she gave up her dreams of being a writer, and went to school to make big bucks as a software developer. She even graduated ...

14 Tammi 20191h 6min

54: 6 Ways to Reduce Your Taxable Income with Eric Brotman

54: 6 Ways to Reduce Your Taxable Income with Eric Brotman

Preparing For Retirement By Reducing Taxable Income & Saving More. In today’s episode, we chat with Eric Brotman, CEO of BFG Financial Advisors, who discusses his top 6 ways to reduce taxable income. ...

7 Tammi 20191h 6min

53: 2018 Financial Freedom Lessons With Scott & Mindy

53: 2018 Financial Freedom Lessons With Scott & Mindy

2018 Financial Freedom Lessons Today, Scott and Mindy go guest-less to recap and review the things they’ve learned over the first year of podcasting. Topping the list—and surprising no one—is tracking...

31 Joulu 20181h 13min

52: Creating a Life Worth Living Before Retirement With Roger Whitney

52: Creating a Life Worth Living Before Retirement With Roger Whitney

Finding Financial Freedom Before Retirement Roger Whitney learned early on that your life doesn’t always cooperate with your plans. The passing of his mother - who had always worked hard and saved for...

24 Joulu 201855min

51: Using Financial Freedom to Prioritize Family with Crispy Doc

51: Using Financial Freedom to Prioritize Family with Crispy Doc

Prioritizing Family with Financial Freedom Carlos Fuego is an emergency room doctor with a superpower—the ability to realize that money doesn’t buy happiness and family time is far more important than...

17 Joulu 20181h 20min

50: Rebuilding Your Financial Life After Bankruptcy with Patrice Washington

50: Rebuilding Your Financial Life After Bankruptcy with Patrice Washington

Patrice Washington was flying high in 2006, the multi-million dollar real estate company she had started with her husband was practically printing money. But 2007/2008 came, and things went south fast...

10 Joulu 20181h 10min

49: Wealth Transfer—How to Financially Prepare for Inheritance Money with Hari Mix

49: Wealth Transfer—How to Financially Prepare for Inheritance Money with Hari Mix

Hari Mix figured out money in grad school and started saving for his future before he graduated. He became an assistant professor at Santa Clara University—and then, his mother was diagnosed with term...

3 Joulu 20181h

48: Breaking the Impulse Shopping Twitch to Embrace Minimalism with Anthony Ongaro

48: Breaking the Impulse Shopping Twitch to Embrace Minimalism with Anthony Ongaro

Anthony Ongaro had a habit. Every time he had a bad day, every time life wasn’t amazing, he opened up his online shopping site, and One-Click purchased something. Anything. It didn’t matter. He didn’t...

26 Marras 201852min

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