PODCAST · business
The YDK Experience
by BN Focus
YDK2 = You Don't Know What You Don't Know. Are you as prepared for adulthood as you thought you were? With all the things that accompany adulthood: Job, Career, Running a Household, Budgeting, Finances, Overspending, Credit Cards, Debt, Interest, Loans, Mortgage... it can be overwhelming because you don't know what you don't know. BN Focus is here to fill in the gaps. Our goal is to give you tips, life hacks, new information or points of view to ponder. In each podcast, Ben & Nick will guide you through a thought-provoking topic, as they take a common sense approach to the everyday struggles of personal finance. Podcast New Episode Schedule: Daily Focus: These podcasts are less than 2 minutes and provide give you a quick hit principle to focus on that day. Mondays - Triple M (Money Mastery Mondays): These podcasts average less than 5 minutes and focus on personal finance topics with action items to focus on for the week. Wednesday: BN Focu
Episodes
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Triple M 020: Teach Your Kids
Teach the youth in your life good money habits so save them from reliving your money mistakes. Our habits can become their habits for good or bad. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: Money Mastery - Instagram:...
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Podcast 20: Assets -vs- Liabilities
Episode #20 we talk about Assets vs. Liabilities. Can you define the difference between an asset and a liability? The goal is to purchase items that generate income. The majority of the items we purchase are liabilities, they don't generate any additional income. We breakdown some myths about…
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Triple M 019: Compound Efforts
Do you overestimate what you can do in a week and underestimate what you can do in a year? Do you give up right before you are about to succeed? You need to be consistant with your efforts. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday…
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Podcast 19: Invest in Yourself
Today in Episode #19 we talk about one of our most important investments, in yourself. How do you invest in yourself? What do you want to learn? When was the last time you read or listened to a book? With our access to knowledge today there is no excuse not to invest in yourself. Learn - Plan…
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Triple M 018: Snowball
Do you want to accelerate the repayment of your debt? Learn how to apply this strategy today. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: Money Mastery - Instagram: @MoneyMasteryLife Visit us at www.moneymasterylife.com
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Podcast 18: Inflation
Episode #18 we talk about the sexy topic of inflation. Contrary to popular belief inflation is not natural it's self-inflicted. For example, it costs our government 2.4 cents to produce a 1 cent penny. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page…
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Triple M 017: Cut Credit Card Debt
Want to become debt free? Learn 4 ways to cut your credit card debt. There is a big difference between a 21% and 15% interest rate. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: Money Mastery - Instagram: @MoneyMasteryLife…
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Podcast 17: How Banks Work
Episode #17 we discuss how banks work. Learn how can banks pay your interest to hold your money? Learn how banks make money using the money you deposited into your bank account. We should choose our banks like we choose our doctors, remember we are the consumer. Learn - Plan - Act - Succeed Join...
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DF 092: Govt Math 101 - The Penny
Are you efficient with your financial resources? Do you waste money when you could be using it to create more money? Daily Focus: Identify an item in your home that you are not using and turn it into cash. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page:...
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DF 091: Have You Signed A Death Pledge?
Do you have a mortgage? If so you have signed a death pledge. Daily Focus: Check out the banner video on our Facebook Page: http://bit.ly/2H14kwN . Like our page and join our group. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group:...
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Triple M 016: Avoid Interest Debt
A foolish person pays interest, a wise person gets paid interest. Swiping that credit card for a $20 dinner could become a $25 or $30 dollar dinner. Know interest rates to control credit card spending. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page…
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DF 090: Are You An Emotional Spender
Are You An Emotional Spender? If you use the words “retail therapy” you’re an emotional spender. We have all been excited to purchase something before and that is o.k. We need to be wary that our emotions don’t drive our financial decisions. Daily Focus: When you go to purchase a want today tell...
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DF 089: 70% Of Lottery Winner Declare Bankruptcy
I Declare Bankruptcy If you can’t manage $100 efficiently that won’t change if you win the lottery. Instead, it will spotlight your lack of financial intelligence. Daily Focus: Look at your spending habits this week. Do they match your budget? Are they measured or emotional? Source:...
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DF 088: 60% Of Adults Have Credit Card Debt
To win at any endeavor of life you need a strategy. You need a plan of attack. Do you know how much you will pay in interest to the credit card companies if you just pay the minimum? Daily Focus: Do you have a strategy to accelerate the repayment of your credit card debt? If not, check out our...
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DF 087: 60% of Today's Auto Loans Are > 60 Months
Are You Upside Down On Your Car Loan? Are your cars ⅓ the cost of your home? The longer the terms the more money is made in interest payments. Daily Focus: Do you have a car loan(s)? Is your car practical or a symbol of your status? If you drove a more practical car how much money could you put…
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DF 086: Student Loan Default Rate = 28%
Spend $85k-$143k to start earning $38k Find creative was to seek higher education. Find ways to leverage what you have. Daily Focus: If you have student loan debt, do you have a strategy to accelerate the payoff of your debt? If not check out our website. Source 1:https://cnb.cx/2SItSjC Source 2:...
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Podcast 16: Fractional Money
Episode #016 is the end of our 4 part series on the different types of money based on the information contained in The Creature From Jekyll Island by G. Edward Griffin. Today we discuss and define Fractional Money. Did you know that banks make money off of your money? Banks lend out your money...
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DF 085: 25% of $100,000 Earners Live Hand 2 Mouth
$100,000 Salary Ain’t What It Used To Be. Just because you make more doesn’t guarantee financial freedom. Typically as you make more you spend more. Why because there is a societal expectation on what your lifestyle should be. Daily Focus: Look at your income (take-home pay) and expenses. Are you...
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DF 084: 13% Have $0 Retirement
What Is Your Retirement Forecast? Do you plan to “stop” working? If so at what age? Do you know what lifestyle you want to live? Do you know how much that lifestyle costs? Daily Focus: Look at your budget. What percentage of your income do you apply to your future? At your current rate will you…
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Triple M 015: Establish Credit
Is your credit score bad, good, better, or best? Your credit score is the reflection of your habits. Credit is a tool, whether good or bad depends on how we use or abuse it. We discuss ways to keep and establish a great credit score. Learn - Plan - Act - Succeed Join Our Growing Community: -...
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DF 083: $1000 = $44 Pay Yourself 1st
You need to know who has your money. Only 4.4% of every $1,000 goes into savings. Daily Focus: Identity what percentage of your take home each pay period goes toward savings. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: The...
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DF 082: What Is Interest Costing You?
What Is The True Cost Of Your Debt? While the average person does carry over $130,000 in debt, that doesn't mean they have purchased $130,000 of stuff. Interest is the silent financial killer. Once you know the amount of money that your debt costs you, it changes your perspective. Daily Focus…
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DF 081: Is Your Total Debt Below, Above, or Average?
Is Your Total Debt Below, Above, or Average? In the U.S. the average person/household carries over $130,000,00 in total debt. Daily Focus: Look at your total debt; mortgage, car loans, student loans, credit cards, and other loans. Are you below, above, or average? If you’re not happy with the...
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DF 080: Are YOU Below, Above, or Average?
Are You Below, Above, or Average? In the U.S. the average amount of debt carried on credit cards is $16,000. Daily Focus: Look at your total credit card debt. Are you below, above, or average? If you’re not happy with the answer to that it can be changed. You just need dedication and a plan.…
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Podcast 15: Fiat Money
Episode #015 is part 3 in our 4 part series on the different types of money based on the information contained in The Creature From Jekyll Island by G. Edward Griffin. Today we discuss and define Fiat Money. Currency backed by no resource of value. What is your current money supply? Whether you...
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DF 079: Do You Use An Autopilot?
Do You Use An Autopilot? Paying late fees because you missed a payment should be a thing of the past due to payment automation. Daily Focus: Ensure all your debt payments are set up for automatic withdrawal. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page:...
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DF 078: Seeing Is Believing
Seeing Is Believing. When you put all your debt with balances due on paper or a spreadsheet you can’t hide from reality. Daily Focus: List your debts from bad to worse with balances due, monthly minimum payment, and interest. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook &...
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DF 077: What Are Your Buying Triggers?
What Are Your Buying Triggers? A large part of increasing your monthly surplus cash is controlling your spending. Daily Focus: Are you an emotional or impulse spender? When you go on a shopping spree what is the event that occurs right before? This is your trigger. Control and overcome your…
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Triple M 014: Create a Debt Plan
Not a plan to get into debt, that's easy. We discuss a high-level roadmap to repay your debt with the ultimate goal of becoming debt free. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: Money Mastery - Instagram…
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DF 076: The Lower The Balance The Better Your Score.
The Lower The Balance The Better Your Score. Credit Card companies what you to keep a balance on your credit cards, that’s how they make money. If you are at a stage in your life where you are trying to build credit, keeping a balance due to less than 30% of your credit limit will raise your…
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DF 075: Interest Rate On Your Home, Know The Costs
What Is The True Cost Of Your Mortgage? Do you have a mortgage? Do you know what the interest rate is and the true cost of your mortgage over the terms of the loan? Daily Focus: Know the true cost of your mortgage. Visit www.moneymasterylife.com and use our free mortgage calculator. Learn - Plan…
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DF 074: How Much Is Your Monthly Surplus?
How Much Is Left At The End Of Your Pay Period? Having money left at the end of each pay period is the first step to getting out of debt and establishing a more financial future. Daily Focus: Look at last month’s budget or bank statement. How much money did you have left over at the end of the...
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DF 073 How Much Debt Do You Have?
How Much Do You Owe? To fix something you have to know how bad it is. Facing your debt is a good start. Daily Focus: How much debt you really have? Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: Money Mastery - Instagram:...
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Podcast 14: Receipt Money
Episode #014 is part 2 in our 4 Part Series on the different types of money based on the information contained in The Creature From Jekyll Island by G. Edward Griffin. Today we discuss and define Receipt Money. We talk about how the banking system began. Ever wonder where the phrase; "As Good As...
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DF 072: How Many Monthly Auto Subscriptions Do You Have?
Do You Know What Are All Your Subscription? How many monthly subscriptions do you subscribe to? Do you use them all? Do you need them all? Daily Focus: Make a list of all the services you subscribe to each month. Place them into categories based on usage; daily, weekly, monthly. Calculate the...
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DF 071: How Many Credit Cards Do You Have?
How Many Are Too Many? The number of credit cards you have is irrelevant. What is relevant is the balances due on those cards. Daily Focus: Are you current on your credit card payments? If yes, are your balances due on each less than 30% of the credit limit? Learn - Plan - Act - Succeed Join Our...
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DF 070: How Important Is Good Credit To You?
Is Credit Important To You? For some people, it isn’t, but for most, it is important to acquire high dollar purchases like a car or home. Daily Focus: Identify WHY having good credit is important to you. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page:...
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Triple M 013: 60% Principle
What percentage of my income should my household operating expenses be? What do I do with the income that remains? Learn these principles in this episode. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: Money Mastery - Instagram:...
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DF 069: Find A Debt Repayment Strategy For You
It’s A Matter Of Preference. You need to find a strategy that works for you. If it doesn’t fit with how you work or interact with either technology or money don’t do it. This process is about consistency. You need to find a strategy that you will stick with. Daily Focus: Research debt repayment...
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DF 068: Don't Do To Much Too Soon
The Best Way To Eat An Elephant… Is one bite at a time. Repaying your debt is the same logic. Often as we being to see success we get over zealous. This zeal can lead to us applying additional financial resources to our debt repayment strategy. Only do this if it works in your budget. Don’t…
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DF 067: Know the Interest You're Paying on Debt
How Much Is 17.2 %, In Really Dollars? When you purchase something on your credit card do you ever think of the true cost of that purchase with interest figured in? Daily Focus: Identify your credit card with the highest balance. How much is it? Do you have a plan to accelerate the repayment of…
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DF 066: Create A Debt Repayment Plan
Accelerate Your Debt Repayment You can focus a portion of your surplus income to accelerate the repayment of your debts. Daily Focus: Create a debt repayment plan. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: Money Mastery -...
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Podcast 13: Commodity Money
Episode #013 we start our 4 Part Series on the different types of money based on the information contained in The Creature From Jekyll Island by G. Edward Griffin. Today we discuss and define Commodity Money. We break down what " money" really is. Natural resources and your talents are the…
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DF 065: Check your Credit Card Statements Monthly
Review Each Line Do you review each line of your credit card statement monthly? Are you sure that you are not being charged fees in error? Daily Focus: Review your monthly credit card statement today. Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page…
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DF 064: Be Patient As You Pay Off Debt
Slow And Steady Wins The Race Paying off debt is exciting. Remain patient and stick to the debt repayment plan you created. Accelerating your debt repayment doesn’t mean to be cash poor. Daily Focus: Be patient as you pay off your debts/ Learn - Plan - Act - Succeed Join Our Growing Community: -...
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DF 063: Always Have A Plan
He Who Fails To Plan, Plans To Fail On any journey, you need a road map so that you get to your destination efficiently and safely. Should your financial goals be any different? Daily Focus: Think about your life. Is there any part of it that doesn’t have a plan (goals)? If so, identify one area...
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Triple M 012: Know Your Enemy
Mirror Mirror on the wall whose destroying my budget most of all? How many mindless purchases do you make in a day? Learn - Plan - Act - Succeed Join Our Growing Community: - FaceBook & Twitter Page: @BNFocusToday - Facebook Group: Money Mastery - Instagram: @MoneyMasteryLife Visit us at...
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DF 062: Small Consistent Steps
Baby Steps To The Door It is amazing how seeming small insignificant accomplishments can compound into a large achievement. Bringing your lunch to work each day could save you more than $1500 a year. Daily Focus: Set the goal to bring your lunch from home tomorrow. Learn - Plan - Act - Succeed…
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DF 061: Write Your Goals Down Consistently
The Only Constant Is Change. As you being the process of budgeting your goals may change. That’s o.k. Always remember that until you write it down it is only a dream. Daily Focus: Take one dream you have that you want to achieve and write it down as a goal. Learn - Plan - Act - Succeed Join Our...
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DF 060: Are Your Actions Aligned With Your Desires?
Do What I Say Not What I Do. How often do we say one thing but our actions betray us. I want to be healthy so I’ll order a Diet Soda with my fast food value meal. Daily Focus: Self Reflection - do you spending actions match where you say you want to be financially? Learn - Plan - Act - Succeed…
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ABOUT THIS SHOW
YDK2 = You Don't Know What You Don't Know. Are you as prepared for adulthood as you thought you were? With all the things that accompany adulthood: Job, Career, Running a Household, Budgeting, Finances, Overspending, Credit Cards, Debt, Interest, Loans, Mortgage... it can be overwhelming because you don't know what you don't know. BN Focus is here to fill in the gaps. Our goal is to give you tips, life hacks, new information or points of view to ponder. In each podcast, Ben & Nick will guide you through a thought-provoking topic, as they take a common sense approach to the everyday struggles of personal finance. Podcast New Episode Schedule: Daily Focus: These podcasts are less than 2 minutes and provide give you a quick hit principle to focus on that day. Mondays - Triple M (Money Mastery Mondays): These podcasts average less than 5 minutes and focus on personal finance topics with action items to focus on for the week. Wednesday: BN Focu
HOSTED BY
BN Focus
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Frequently Asked Questions
How many episodes does The YDK Experience have?
The YDK Experience currently has 132 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is The YDK Experience about?
YDK2 = You Don't Know What You Don't Know. Are you as prepared for adulthood as you thought you were? With all the things that accompany adulthood: Job, Career, Running a Household, Budgeting, Finances, Overspending, Credit Cards, Debt, Interest, Loans, Mortgage... it can be overwhelming because...
How often does The YDK Experience release new episodes?
The YDK Experience publishes regularly with 132 episodes available. Check the episode list for the typical release schedule.
Where can I listen to The YDK Experience?
You can listen to The YDK Experience on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.
Who hosts The YDK Experience?
The YDK Experience is created and hosted by BN Focus.
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