Money Mastermind Show

Are credit cards really all bad? The fact of the matter is that with a little planning, you can get the most out of your credit cards. View your credit cards as a tool, and you might be surprised at what you can accomplish. David Rubenstein from Credit Shout joins us to talk about strategies to make the most out of your credit cards. Our panelists also get in on the action by sharing their own tips and tricks for getting more from credit cards. https://moneymastermindshow.com/most-out-of-your-credit-cards/ Important issues discussed in this episode: Are credit cards really evil? A look at how credit cards can actually be financial tools. Strategies for getting the most out of your credit cards. Real life ideas for hacking your credit card rewards for best effect. How to use your credit cards without getting in over your head in debt. Tips for staying on top of your finances as you get the most out of your credit cards. Panelists In This Episode: Special guest: David Rubenstein | Credit Shout Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Is it really possible to create your dream lifestyle? With planning and determination, our guest Jason Vitug, the founder of Phroogal, traded in his corporate job for a dream lifestyle. Now he travels the country teaching others how to do the same. Some of our own panelists are also creating their preferred lifestyles. Find out how to figure out what you want your dream lifestyle to look like, and how you can take charge of your finances to make it happen. https://moneymastermindshow.com/dream-lifestyle/ Important issues discussed in this episode: Is it possible to truly live your dream lifestyle? How do you decide what you want your life to look like? Do you really have to follow a set path to success? What are some of the things you need to do if you want to change your life? Tips for taking the right risks as you create your dream lifestyle. Reasons to rethink your path, and how you can create a lifestyle that works for you. Panelists In This Episode: Special guest: Jason Vitug | Phroogal Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

What does it mean to be wealthy? The truth is that we all have different ideas about what wealth is, and what it means to be rich. Join the hosts of the Money Mastermind Show as they discuss what wealth means to them, and as they consider what it takes to be truly wealthy. You might be surprised to discover that wealth is a state of mind, and not so much a number you're supposed to reach. https://moneymastermindshow.com/being-wealthy/ Important issues discussed in this episode: What is true wealth? How do you decide what wealth means to you? Can wealth mean different things to different people? What's the difference between being wealthy and being rich? The ways looking rich is different from actually being rich. Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Are you hoping to increase your income? The good news is that you can always make more money. With the help of side hustles, you can increase your income and work toward your most important money and life goals. David Carlson, the author of Hustle Away Debt joins us to talk about the side hustles you can start today to boost the amount of money in your life. You'll learn how to turn wasted time into profits, and what it really takes to be successful if you want to make money outside your 9-to-5. https://moneymastermindshow.com/side-hustles/ Important issues discussed in this episode: What are side hustles? How can you use side hustles to boost your income? What are some of the reasons it makes sense to start at least one side hustle? Tips for making time to work on your side hustle. How to make your side hustles work with your traditional 9-to-5 job. Panelists In This Episode: David Carlson | Young Adult Money | Hustle Away Debt Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Are you drowning in debt? Do you wish you could get rid of it as soon as possible? Our guest Deacon Hayes from the Well Kept Wallet paid off $50,000 of debt in 18 months. Do you have what it takes for rapid debt reduction? Even if you aren't interested in being that extreme with your debt repayment, this episode can still help you figure out the best way to pay down your debt, change your spending habits, and take back your financial life. https://moneymastermindshow.com/rapid-debt-reduction/ Important issues discussed in this episode: Can you really pay off $50,000 in debt in 18 months? What are the keys to rapid debt reduction? Practical tips for creating a debt reduction plan. Ways you can tweak your spending habits to reflect your values and pay off debt. How getting rid of debt can help you take control of your financial life. Panelists In This Episode: Deacon Hayes | Well Kept Wallet Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Are you looking to save money over time? You might be surprised at how much you can save with the right meal planning. You don't have to spend a lot of time putting together a meal plan, either. You may not even have to clip coupons. Erin Chase from $5 Dinners joins us to share her strategies for saving money and eating healthy with the help of meal planning. https://moneymastermindshow.com/save-money-meal-planning/ Important issues discussed in this episode: Do you have to clip coupons to save money on food? Simple strategies for meal planning. How to coordinate your schedule to work with saving money on meal planning. Ways to plan way ahead, including creating freezer meals. Tips for finding simple meals that your whole family will love. Panelists In This Episode: Erin Chase | $5 Dinners Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

A lot has been said about millennials and how they handle money. In this episode, the crew talks about what millennials need to know about money today. Drawing from some of our own mistakes with money, we talk about ways that the following generation can avoid falling into the same traps. https://moneymastermindshow.com/millennials-money/ Important issues discussed in this episode: What are some of the money millennial trends? Are there some general mistakes that millennials are making with their money? Mistakes we made when we were younger. How millennials can change their habits to make a difference in their long-term finances. The good and bad of millennials with money. Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Are you concerned about getting started as an investor? You know that you need to invest if you want to build wealth over time. But do you have the tools you need to start investing? Stuart Ritter, VP of T. Rowe Price Investment Services, talks to us about how simple it can be to start investing, and what you can do to begin building wealth today. https://moneymastermindshow.com/start-investing/ Important issues discussed in this episode: What does it mean to be an entrepreneur? What makes someone a serial entrepreneur? Tips that can help you start a business. Sacrifices that come when you start businesses. Strategies for making your businesses work in a family setting. How to take the step from being a business owner to becoming a serial entrepreneur. Panelists In This Episode: Stuart Ritter | VP of T. Rowe Price Investment Services Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Do you dream of being your own boss? In theory, it sounds like a great idea. Creating multiple businesses, growing your wealth and living the dream, might even be more attractive.  But is everyone meant to be a business owner? Even if you have a business, do you have what it takes to be a serial entrepreneur? You might be surprised to discover how much work and sacrifice it takes to start a business, and then start another, and another. Jim Wang, a serial entrepreneur and millionaire, joins us to talk about what it takes to be your own boss. https://moneymastermindshow.com/serial-entrepreneur/ Important issues discussed in this episode: What does it mean to be an entrepreneur? What makes someone a serial entrepreneur? Tips that can help you start a business. Sacrifices that come when you start businesses. Strategies for making your businesses work in a family setting. How to take the step from being a business owner to becoming a serial entrepreneur. Panelists In This Episode: Jim Wang | Wallet Hacks Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Are you looking for new insights and ideas about money? Pick up a book! We discuss our favorite personal finance books and some of the ways they influenced the way we manage money. Add new books to your reading library and learn something new about money and money mindset. https://moneymastermindshow.com/personal-finance-books/ Important issues discussed in this episode: How to find personal finance books that help you reach your goals. Suggestions for reading to learn more about money. Choosing books that speak to you where you are. The best ways to begin building a personal finance library. How to sift out the poor or inapplicable advice. Books discussed in this episode: The Millionaire Next Door The Wealthy Barber The Millionaire Fastlane More Money for Beer and Textbooks Rich Dad, Poor Dad Total Money Makeover The Millionaire Teacher Oblivious Investing Little Book of Common Sense Investing Bogleheads Guide to Investing Richest Man in Babylon Your Money or Your Life The Intelligent Investor One Up On Wall Street Four Pillars of Investing Wealthing Like Rabbits Automatic Millionaire The E-Myth The Four-Hour Work Week How Much Money Do I Need to Retire? One Page Financial Plan Liar's Poker Making Money Make Sure It's Deductible The First Tycoon Stop Overthinking Your Money The Value of Simple Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

This isn't your mom's extreme couponing.  Join us as we talk to Kyle Taylor from The Penny Hoarder about deal stacking and how it can be used to save money on almost everything you buy. This isn't about clipping coupons. It's about using credit rewards and stacking them with online rebates and making other moves to avoid paying full price on everything from travel to household appliances to clothing. https://moneymastermindshow.com/deal-stacking-save-money/ Important issues discussed in this episode: You don't have to use extreme couponing to save big bucks. How you can use credit cards to earn rewards points to reduce what you pay for travel. Strategies for stacking rewards, loyalty programs, and rebates to get more for every dollar you spend. Tips for figuring out which programs are best for you, depending on your priorities and preferences. Ways to buy almost anything without paying full price. Panelists In This Episode: Special Guest: Kyle Taylor | The Penny Hoarder Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

There are many different personal finance software options available today. Many of them have features that you might find helpful in managing your finances, but not all of them are the same. Depending on your style, some personal finance software programs might work better than others. In this episode, the Money Mastermind Crew discuss their favorite software for tracking their personal finances, goal setting and staying on top of our finances from day to day. https://moneymastermindshow.com/mms077-favorite-personal-finance-software/ Important issues discussed in this episode: What are the advantages of using personal finance software? How can personal finance software help you take control of your finances? What are some of the options available for money management? Overview of various options for software, including YNAB, Personal Capital, Mint, Moneydance, and more. How to choose the right personal finance software based on your money needs and preferences. Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

When it comes to building wealth, there are two main things to focus on: investing and creating a business. Long-term, you won't be able to build the wealth you dream of if you are working for someone else or you aren't investing. If you want to be more effective at wealth-building, start now to invest for the long haul, and consider creating a business that can provide you with income now and later. Joining us to talk about building wealth by using more than just a day job income is Linda P. Jones of Be Wealthy And Smart. https://moneymastermindshow.com/mms076-two-pillars-wealth-building/ Important issues discussed in this episode: Why won't working for someone else help you achieve financial freedom? What are the advantages to investing over the long haul? How can starting a business be a good strategy for wealth-building? Tips for getting started building your own wealth through investing. Ways you can start a business to provide additional income opportunities. Panelists In This Episode: Special Guest: Linda P. Jones | Be Wealthy And Smart Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Did you give up on your New Year resolutions ages ago? That doesn't mean that it's the end of the road for you. You can set realistic and achievable goals any time of the year. Don't get bogged down by excessive expectations, and don't assume that you can't start over again. Forget about the idea of only setting goals at the beginning of the year. We talk about how you can always be achieving your next money milestone and creating goals to help you get closer to the life you want. https://moneymastermindshow.com/realistic-achievable-goals/ Important issues discussed in this episode: Do you have to limit your goal-setting to certain times of the year? How can you set realistic and achievable goals? Strategies for figuring out which goals are the right ones for you. Tips for chunking your goals so they are more manageable. Our favorite strategies for setting and achieving goals. Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

At some point, you are likely to face the choice of moving for your career. Finding a new place to live, along with a new job, can be good for your finances and your life. Before you take the leap, make sure it's the right move for you. Jessica Moorhouse joins us to talk about her experience moving across Canada for a career opportunity. Whether you have a company willing to pay your costs, or whether you just hope to find greener pastures, here's what you need to know about moving for your career. https://moneymastermindshow.com/moving-for-your-career/ Important issues discussed in this episode: When is it time to consider a career change? What money decisions do you need to make when moving for your career? How to decide where to live. Tips for figuring out what you will need to know for cost-of-living changes. Panelists In This Episode: Jessica Moorhouse | Mo' Money Podcast Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

The idea that you can reach financial independence is one that inspires many. What would it be like to be in a position where you don't have to worry quite as much about money? Sean Cooper joins us to talk about what he's doing to reach financial independence -- including how he paid off his mortgage in just three years. https://moneymastermindshow.com/reach-financial-independence/ Important issues discussed in this episode: What does it mean to reach financial independence? What are some of the steps you need to take to improve your finances? Tips for figuring out your next money moves. Strategies that can help you reach financial independence sooner. Panelists In This Episode: Sean Cooper | http://seancooperwriter.com/ Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Many of us are looking for another source of income. You might try to look for a side gig to start a new full-time business. One way that many people use to make money is multilevel marketing (MLM). However, an MLM might not be your best option when it comes to a source of income. In fact, many of the MLM companies out there are more like pyramid schemes than anything else. Consumer advocate and MLM expert Brian MacFarland from Lazy Man And Money joins us to talk about MLM companies and the reality of trying to use them to make money. https://moneymastermindshow.com/mlm-income/ Important issues discussed in this episode: Reasons that people turn into MLM companies for income. What makes MLMs so attractive? Are there any good MLM companies? How can you increase your chances of making and MLM a source of income? Warning signs that you are dealing with an outright scam. Panelists In This Episode: Brian | Lazy Man and Money Lauren Greutman | I Am That Lady Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Kids can be expensive. The USDA estimate that it costs more than $200,000 to raise one child from birth to college. Can you really raise your kids without going broke? Brynne from FemmeFrugality joins us to talk about raising kids on a budget. She also includes her perspective on raising a child with special needs. You don't have to spend a fortune to raise your kids. We talked about how you can still provide great memories without breaking the bank. https://moneymastermindshow.com/raise-your-kids/ Important issues discussed in this episode: Why it costs so much to raise your kids today. What goes into the numbers from the USDA. How you can raise your kids without spending so much money. Tips for taking advantage of resources available for special needs children. Ideas for creating inexpensive but fun memories. Panelists In This Episode: Brynne Conroy | Femme Frugality Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Are you stuck about what to do with your money? Are you unsure of where to go next? A financial planner might be able to help.  There's a reason that even financial professionals look to others for an outside opinion. A good financial planner can help you see new things about your finances, and make a plan for the future. Katie Brewer from Your Richest Life joins us to talk about the importance of a fresh set of eyes when it comes to your finance future. https://moneymastermindshow.com/episode70-how-a-financial-planner-can-help-you/ Important issues discussed in this episode: How do you know you need a financial planner? The benefits of getting another opinion from a professional. Different types of services offered by a financial planner. How to find the right financial planner for your situation. Panelists In This Episode: Special Guest: Katie Brewer | Your Richest Life Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Navigating money issues in a relationship can be tricky. How can you accommodate different spending priorities with your partners? How do you discuss your finances, and how can you compromise with your choices?   Join us as Talaat and Tai McNeeley of His And Her Money join us to provide tips for how to talk about finances with your partner. https://moneymastermindshow.com/episode69-how-to-talk-about-finances-when-your-partner-has-different-priorities/ Important issues discussed in this episode: Why is money so hard to talk about in a relationship? The importance of understanding individual and shared priorities. How to talk about finances with respect. Tips for encouraging your partner to talk about finances with you. Ideas for setting goals for your money as partners. Panelists In This Episode: Special Guests: Tai & Talaat McNeeley | His & Her Money Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

If you're an entrepreneur, the ultimate goal might be to quit your job and do what you love full time. But when do you know it's time to bail? Steve Chou from My Wife Quit Her Job, Profitable Online Store, and Bumble Bee Linens, has built more than one successful business, and he joins us to talk about how you can figure out when it's time to quit your job and devote more time to your business ventures.  http://moneymastermindshow.com/episode68-entrepreneurs-time-quit-your-job/ Important issues discussed in this episode: How do you know when it's time to quit your job? Tips for deciding if you really want to leave your job. How can you prepare to quit your job and devote more time to your business ventures? What are some of the downsides to running your own business? Are you really cut out to be an entrepreneur? Panelists In This Episode: Special Guest: Steve Chou |http://mywifequitherjob.com | http://profitableonlinestore.com | http://bumblebeelinens.com Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Health care costs have been on the rise for decades. However, in recent years, the rate at which health insurance premiums have been rising is slowing. No matter what happens, though, the for-profit nature of our system means that health care costs are always going to go up. Investors expect to be paid, and that means prices will always be going up. But that doesn't mean you can't make moves to keep your expenses under control. Jennifer Fitzgerald, the CEO of PolicyGenius.com, joins us to talk about the things you can do to reduce your health care costs. https://moneymastermindshow.com/episode67-how-to-reduce-your-health-care-costs/ Important issues discussed in this episode: Why are health care costs on the rise? Is there any way to stop these costs from rising? What are some of the ways that you can limit your own costs for health care? What are the pros and cons of different health insurance plans? Tips for paying for health care costs. What you need to know about the Affordable Care Act (also called Obamacare). Panelists In This Episode: Special Guest: Jennifer Fitzgerald | Policy Genius Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

We all wish we made more money. However, you have better chance of making that money if you ask for it. Before you ask for a raise, though, it's important to do your research. Jason Hull from myFinancial Answers joins us to talk about how to negotiate a better salary. If you are trying to decide how much to ask for, and how to approach the situation, this episode is for you. https://moneymastermindshow.com/episode66-how-to-negotiate-a-better-salary/ Important issues discussed in this episode: Is money everything when it comes to salary? Why don't people do a better job of asking for money? How much are you leaving on the table by not negotiating your salary? Tips for ask for a better salary. How to value your benefits package as part of your better salary package. Panelists In This Episode: Special Guest: Jason Hull | myFinancialAnswers Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

LIVE from the TradeKing Podcast Stage at #FinCon15, we talk to a host of great past and future guests about what makes someone a financial expert. We also talk about how much you can trust financial experts and discuss some really bad financial advice. https://moneymastermindshow.com/episode65-what-gives-someone-credibility-as-an-expert/ Here's who joined us on our special live episode: Khaleef and Sherrian Crumbley | http://knsfinancial.com | http://fatguyskinnywallet.com Harlan Landes | http://plutusawards.com Alan Steinborn | http://realmoneylife.com Eric NIsall | http://www.dollarversity.com/ Kirk Chisholm | http://www.innovativewealth.com Steve Chou | http://mywifequitherjob.com Joe Saul-Sehy | http://stackingbenjamins.com Scott Maderer | http://christianstewardshipcoaching.com/ Linda P. Jones | http://www.lindapjones.com/ Talaat and Tai | http://www.hisandhermoney.com/ Jessica Garbarino | http://www.everysingledollar.com Panelists In This Episode: Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

With the stock market somewhat volatile, many people are looking for ways to make more money outside "traditional" means. Alternative investments like real estate, tax liens, private mortgages and others might be the way to go. You might even be able to enjoy a tax advantage with a self-directed IRA. But are these investments right for you? Kirk Chisholm of Innovative Advisory Group joins us to talk about some of the alternative investments his clients choose, and what you need to know before you risk your hard-earned cash on the next big trend. https://moneymastermindshow.com/episode64-alternative-investments/ Important issues discussed in this episode: What are some alternative investments that are easy to understand? Practical ways to include alternative investments in your portfolio. What is a self-directed IRA, and what can you keep in it? Risks to be aware of before you invest in non-traditional assets. Panelists In This Episode: Special Guest: Kirk Chisholm | Innovative Advisory Group Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Could you actually see a better quality of life if you choose to move to an area with a lower cost of living?  Aja McClanahan from Principles of Increase joins us to talk about how she enjoys a higher quality of life by living in an area that costs much less than the surrounding area.  Other members of the show also talk about their decisions to make the move to places that cost less in order to see a better quality of life. When you live in an area with low costs, there is a good chance that you will have more in terms of disposable income -- and that can mean a better quality of life. https://moneymastermindshow.com/episode63-better-life-lower-cost-of-living/ Important issues discussed in this episode: How can a lower cost of living lead to a better quality of life? A look at how disposable income is more important than net salary. Tips for reducing your cost of living. How to identify an area that meets your needs and your cost requirements. Panelists In This Episode: Special Guest:Aja McClanahan | PrinciplesOfIncrease.com Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Can the way you live your life affect your finances? Yes it can! Josh Elledge from Savings Angel joins us to talk about how your lifestyle habits and choices can impact your finances. Don't let your lifestyle drain your money resources. https://moneymastermindshow.com/episode62-how-life-habits-affect-finances/ Important issues discussed in this episode: What life habits are most likely to impact your finances? How can you change your mindset to avoid seeing too many negative impacts on your financial situation? Strategies for saving money and living on less. Panelists In This Episode: Special Guest: Josh Elledge | Savings Angel Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

We've seen quite a few moments of volatility in stock market during recent months -- including dramatic drops of more than 200 or 300 points. But do you really need to freak out and sell when the stock market goes down? The reality is that too many people realize losses when they panic and sell while the market is down. Instead of making a terrible decision and locking in your losses, you should step back and examine your options when the stock market goes down.  If you have the right approach, you can ride out a stock market downturn -- or even make some good money if you know how to go bargain hunting. https://moneymastermindshow.com/episode61-stock-market-goes-down/ Important issues discussed in this episode: Is it really the right time to sell when the stock market goes down? How can you protect your long-term portfolio during times of volatility? What are some of the best strategies for sleeping at night as an investor? When is it time to turn off the TV and ignore the noise? Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Do you feel down about your money situation? You might surprised to know how effective positive thinking for your finances can be. We chat with the Debt Free Guys about how they turned their financial life around, starting with the stories they told themselves. They also diagnose Miranda's difficulties with positivity following some major life changes. No, positive thinking alone won't fix your finances. But it can be a good start. Find out how to combine positive thinking for your finances with action to achieve your money goals. https://moneymastermindshow.com/episode60-positive-thinking-for-your-finances/ Important issues discussed in this episode: Could negativity be holding you back from achieving your money goals? Is positive thinking for your finances really effective? What else do you have to do in order to find success with your financial goals? Are there steps you can take to feel more positive and turn your financial life around? How can you make the most of what you have? Panelists In This Episode: Special Guest: David and John | Debt Free Guys Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Are you constantly trying to update your outdated technology, clothing, and other items? Do you find it takes a lot of money to keep up with these costs? Michelle Jackson of Shop My Closet joins us to talk about how to save money by giving your old things new shine. Don't get caught in the trap of discarding old things — and replacing them with new — before all the usefulness is gone. If something looks dull, you can make it shine again with a few simple strategies. We talk about how you to save money when you breathe new life into something older. https://moneymastermindshow.com/episode59-how-to-save-money-by-making-the-old-seem-new/ Important issues discussed in this episode: Do you really have to get rid of something that seems older? Is buying something new really the best solution? Can you learn how to save money by adopting strategies to reuse? What are some of the best ways to make the old seem new? Panelists In This Episode: Special Guest: Michelle Jackson | The Shop My Closet Project Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

One of the best ways to save money is to not spend it in the first place. Have you ever thought about minimalism? The idea is to live with fewer things in order to have more money for what really matters. Can minimalism help you save money? Our guest Cait Flanders thinks so. She talks about her year-long shopping ban, frugality, and her own experiments in minimalism. The rest of our panelists don't think you have to stop buying altogether to save money. Applying minimalist principles can help you save money in various aspects of your life, even if you don't decide to go full-on. https://moneymastermindshow.com/episode58-minimalism-help-you-save-money/ Important issues discussed in this episode: What is minimalism? How can minimalism help you save money? Do you have to get rid of everything to be a minimalist? What are strategies for adapting minimalism for your lifestyle? Are there additional strategies to help you save money? Panelists In This Episode: Special Guest: Cait Flanders | Blonde on a Budget Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Moving is expensive, whether you are going across town or across the country. Here's what you need to know how to save money on your next move, from getting the right transportation to making sure all of your belongings are properly packed. Our panelists have recent experience in moving, so buckle up for an informative show! https://moneymastermindshow.com/episode57-save-money-next-move/ Important issues discussed in this episode: Why is moving so expensive? Are there strategies you can employ to reduce the cost of moving? What are the different tactics to use when moving across town vs. moving across the country? How can you pack your items so that they don't broken in transit? What are the latest resources to help you learn how to save money on your next move? Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Are you looking for a little comic relief when it comes to money? In this fun episode featuring the always-entertaining Joe Saul-Sehy, we talk about our funny money stories. Some of the highlights include: A couple whose weekly budget included $100 for marijuana The hope of winning $25,000, only to be disappointed A teenager who managed to (accidentally) mount a car on a brick mailbox Two college kids who got stranded in the desert and a $435 tow bill The time a few thousand Canadians drank all the beer in a small North Dakota town These are true funny financial stories from our panelists. If you have your own funny financial stories, we'd love to see them in the comments. https://moneymastermindshow.com/episode56-funny-financial-stories/ Panelists In This Episode: Special guest: Joe Saul-Sehy from Stacking Benjamins Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

According to TheKnot.com, the average wedding costs more than $30,000. Even more conservative estimates put the average cost of a wedding at more than $20,000. But do you really have to spend that much? Sandy Smith from Yes, I Am Cheap spent less than $5,000 on her wedding in New York City. She, and the members of our panel, have tips on how to save money on your wedding. You don't need to go into debt to have a great wedding. https://moneymastermindshow.com/episode55-how-to-save-money-on-your-wedding/ Important issues discussed in this episode: Why do people spend so much money on weddings? What are the least expensive times to plan your wedding? How can you make the most of today's technology to save money on your wedding? What are some of the best strategies to save money on your wedding? Do you really need to spend tens of thousands of a wedding? Panelists In This Episode: Special guest: Sandy Smith from Yes, I Am Cheap Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Everywhere you turn, it seems as though someone is trying to separate you from your hard-earned cash. If you want to keep your money safe, you need to avoid financial scams. Mark Tan from Thrivent Financial joins us to talk about common scams and how to spot — and avoid — them. We also talk about identity theft, how to protect your identity and what to do if your identity is compromised. https://moneymastermindshow.com/episode54-how-to-avoid-financial-scams/ Some important issues discussed in this episode: What are the most common financial scams, and how do scammers prey on their victims? What makes us think that scams are legit? Tips to help you avoid financial scams in the future Red flags that indicate you could be looking at a scam or vulnerable to identity theft Panelists In This Episode: Special guest: Mark Tan from Thrivent Financial Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

You're in your 20s and just figuring it out. One of the most important things you can do is get on the right track with your money. Martin Dasko from Studenomics joins us to talk about the best things you can do with your time and effort to start on the right financial foot. We also talk about the importance of making the right money moves without missing a party, and the older panelists look back on what they wish they had done in their 20s. https://moneymastermindshow.com/episode53-money-moves-for-your-20s/ Some important questions discussed in this episode: Can you get a good financial start in your 20s and still enjoy the party life? What are some of the best investments you can make while you are still young? What are some of the mistakes that our older panelist made while in their 20s? Do you really have to live according to a script to be successful? Panelists In This Episode: Special guest: Martin Dasko from Studenomics Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

For most people, a mortgage is something that sticks with you for decades. But there is a way to get beyond it: pay off your mortgage early. Kornel Szrejber from BuildWealthCanada.ca joins us to talk about how he paid off his mortgage in six years. Should you pay off your mortgage early? Or are there other ways to use your money? https://moneymastermindshow.com/episode52-should-you-pay-off-your-mortgage-early/ Some important questions discussed in this episode: Is it really possible to pay off your mortgage early? Even if you can pay off your mortgage early, is it worth it to do so? What are some other ways to use your money? Does it make sense to invest in other assets? How do you decide what is the best use of your money? This episode offers a cross-border look at homeownership, mortgages and strategies you can use — whether you live in the United States or Canada — to make the most of your money, wherever you decide to stick it. Panelists In This Episode: Special guest: Kornel Szrejber from BuildWealthCanada.ca Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

What if you could create an executive summary of your financial plan and put it where it could remind you of your values every single day? That's what Carl Richard's, the best-selling author of The Behavior Gap and The One Page Financial Plan, talks about in this week's episode. If you're ready to base your money decisions on your values, and simplify the financial planning process, this episode is for you. We share practical, actionable tips for drilling down to the essentials and building your financial plan around what matters most to you. https://moneymastermindshow.com/episode51-simplifying-your-financial-plan/ Some important questions discussed in this episode: Do your values inform your money decisions? How can you figure out what money means to you? What steps can you take to improve your financial situation? Is it really possible to get your financial plan on one page? Panelists In This Episode: Special guest: Carl Richards from Behavior Gap Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Our experiences shape our relationships with money. When you add another person to the mix, things can become stressful. There are times that, even when you feel you are with your perfect match, that you might not be on the same financial page with your partner. Managing money as a couple requires openness and communication. Elle Martinez from CoupleMoney.com joins us to talk about how to start financial discussions, as well as how to compromise when you and your partner think about money differently. Learn how to understand yourself and your partner better so that your money talks can be more productive, and so that you can reach your financial goals together. https://moneymastermindshow.com/episode50-how-to-manage-money-when-youre-in-a-relationship/ Some important questions discussed in this episode: How should you handle the situation when you and your partner have different money situations? What are some approaches you can take when talking about money? When should you talk about money with your partner? Are there times when money problems are insurmountable enough for you to leave? How can you reconcile differences in money philosophy? Panelists In This Episode: Special guest: Elle Martinez from Couple Money Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

We're told that there are certain financial milestones we're supposed to reach in order to be successful. Some of the main financial milestones considered "normal" include college, marriage, buying a home, having children and retirement. Do you have to reach all of those milestones, though? How do you decide which milestones should be part of your own life? In this episode, recorded on our one-year anniversary, a crew of past guests join us to talk about milestones, money and how to plan for the life you want to live. https://moneymastermindshow.com/episode49-how-to-prepare-for-financial-milestones/ Some important questions discussed in this episode: Do you really need to hit all the traditional financial milestones you're expected to reach? How do you decide which milestones really matter? Why are you working toward certain financial milestones anyway? What are the strategies you can use to reach the milestones that are important to you? Panelists In This Episode: Steve Stewart from Money Plan SOS Todd Tresidder from Financial Mentor Joe Saul-Sehy from Stacking Benjamins Harlan Landes from the Plutus Awards Matt Giovanisci from Roasty Coffee Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

The three-legged retirement stool is broken. You can't rely on Social Security and the pension system isn't fool-proof. All that's left is your own savings. We're joined by Andrew Meadows from BrokenEggsFilm.com, a documentary about the looming retirement crisis in America. We talk about how we got to this point and what you can do to shore up your own retirement. We also wade into the murky waters of public policy and try to figure out what can be done to fix the retirement system. https://moneymastermindshow.com/episode48-how-to-start-fixing-your-retirement/ Some important questions discussed in this episode: Why are we facing a retirement crisis in the United States? Will you be able to rely on Social Security for your future? What are some of the changes that are likely to affect you in terms of saving for retirement? Are there policy solutions that might make sense to fix retirement? What strategies can you use to protect your own retirement? Panelists In This Episode: Special guest: Andrew Meadows from Broken Eggs Film Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Life is about change. We all experience major changes in our lives, whether we are getting married, losing a job, moving across the country or preparing for a new baby. These major life changes are often expensive, however. How can you prepare for a major life change? This week the crew discuss some of their own major life changes, and what they did to prepare for them. We talk about the practical steps you can take to shore up your finances and protect your assets, and what you can do if the major life change is unexpected. https://moneymastermindshow.com/episode47-how-to-financially-prepare-for-major-life-changes/ Some important questions discussed in this episode: What are some of the ways major life changes can cost you? How can you prepare for life changes without breaking the bank? Are there ways to prepare for major life changes that are unexpected? What strategies can you employ to better protect yourself and your assets? Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Outstanding student loan debt tops more than $1 TRILLION. And, as anyone who has graduated in the last couple of years knows, finding a job that earns you enough to repay your student loan debt is difficult. The good news is that you have options when you can't pay your student loans. Jay Fleischman of The Student Loan Show joins us to talk about what you should do if you can't make your student loan payments. Find out why you should avoid forbearance and deferment at all costs, and learn what you can do to be smart about student loan repayment from day one. https://moneymastermindshow.com/episode46-what-if-you-cant-pay-your-student-loans/ Some important questions discussed in this episode: What's the difference in the way you pay your student loans if they are federal or private? What are your options when you can't pay your student loans? Are there programs designed to help you discharge your student loans early? What types of schools will give you the worst return for your (borrowed) education dollar? Panelists In This Episode: Special Guest: Jay Fleischman | Student Loan Show Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Most of us have heard of the "Latte Factor," a term introduced in David Bach's book The Automatic Millionaire. But will cutting coffee (and other little expenses) from your life really turn you into a millionaire? Matt Giovanisci from Roasty Coffee and Stephanie Halligan from You Deserve More join us to talk about the realities of penny pinching. Along the way, we learn about coffee made from the poop of a mountain cat and talk about someone's Penthouse subscription. Oh, and we also include strategies that will help you reform your financial life and actually get on track to become a millionaire. https://moneymastermindshow.com/episode45-will-cutting-coffee-make-you-a-millionaire/ Some important questions discussed in this episode: What is the "Latte Factor," and what does it really accomplish? Can small savings add up over time? What are some better strategies for building wealth and becoming a millionaire? Should you spring for expensive coffee beans that have been through the digestive tract of a rare mountain cat? Does Peter have a subscription to Penthouse? Panelists In This Episode: Special Guest: Stephanie Halligan | Art to Self Special Guest: Matt Giovanisci | Roasty Coffee Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

It seems like everyone wants to be an entrepreneur. But what separates the entrepreneur from the small business owner? Jason Vitug, the founder of Phroogal.com is learning what it takes to be a successful entrepreneur and he joins us to talk about it means to strike out on your own. We talk about what you can do to determine if you are cut out to be an entrepreneur, and what steps you need to take if you're ready for the plunge. https://moneymastermindshow.com/episode44-what-does-it-take-to-be-an-entrepreneur/ Some important questions discussed in this episode: What is an entrepreneur, and how does an entrepreneur differ from a small business owner? Do you need special training to be an entrepreneur? How can you start a business venture without a lot of your own money? When do you know it's time to quit your day job and be an entrepreneur full time? Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney Special guest: Jason Vitug, Phroogal.com

In this episode, we're joined by a cast of financial experts who chime in on what makes money jokers. You might be surprised at how costly fees can be. Without paying attention, you might get roped into a monthly payment plan that costs you more in the long run. Before you make a purchase, do your research. We'll help you spot money jokers so that you can sidestep efforts to separate you from your hard-earned cash. https://moneymastermindshow.com/episode43-money-jokers-ruining-your-finances/ Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney Special guest: Stephanie Halligan, You Deserve More Special guest: Michelle Jackson, Shop My Closet Project Special guest: Kraig Mathias, Create My Independence Special guest: Adam Hagerman, AdamHagerman.com Special guest: Athena Lent, Money Smart Latina

In this episode we discuss the concept of opportunity cost with special guest Kevin Stewart from stocksfortheweek.com. We look at opportunity cost, and how it could be killing your financial future. What is opportunity cost? How can you determine if something is worth the cost? Is it about more than just money? https://moneymastermindshow.com/episode42-why-you-need-to-know-your-opportunity-cost/ Some important questions discussed in this episode: What is opportunity cost, and how does it impact your life? What else could you be doing with your money? Could what you spend now be the key to a financially sound future? What are some of the tradeoffs you make with money, time and relationships? Are you really spending your money and time on what matters to you? Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney Special guest: Keven Stewart from Stocks for the Week

Ever wonder what makes a millionaire tick? Why does that person become one and another doesn't? Ever wonder how you could be a millionaire? Tonight we delve into the traits that make you a millionaire, while referencing the works of Thomas J. Stanley, author of books like The Millionaire Next Door. https://moneymastermindshow.com/episode41-what-traits-make-a-millionaire/ Some important questions discussed in this episode: What makes one person a millionaire, while another isn't? What are the attributes that make millionaires successful? What things do millionaires do that others don't? What mindset do you need to be a millionaire? Panelists In This Episode: Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Wasn't it just yesterday we were doing the annual "Make Your New Year's Goals" episode?  Statistically speaking it's pretty safe to assume more than a few of us are having troubles making the lofty changes we initially set out for ourselves.  Todd Tresidder of FinancialMentor.com is here to let us in on a few hard realities surrounding setting financial goals, and some tried-and-true strategies he has used to keep himself and his clients on track.  He also has some encouraging words for those of us who have went a little off track (or maybe you forgot that there even was a track?). https://moneymastermindshow.com/episode40-how-to-get-back-on-track-with-your-financial-goals/ Some important questions discussed in this episode: Why does Todd like the phrases "Judge by results, sometimes harsh, always fair," and "a goal without a plan is just a dream."? What is reverse engineering and how will it help me achieve my goals? Should you view your goal-setting as a process or a something with an end result? How can you set better financial goals? Panelists In This Episode: Special Guest: Todd Tressider | FinancialMentor.com Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

If you're a free-thinking individual that often finds themselves not just outside the proverbial box, but so far away from the norm that you forgot what "the box" ever looked like, then this is the episode for you!  Joan Sotkin of ProsperityPlace.com has left SMART goals in the dust in her pursuit of emotional nirvana and financial utopia.  We try to bring it every episode of MMS, but we promise you that this week will be especially entertaining! https://moneymastermindshow.com/episode39-how-your-emotional-habits-affect-your-finances/ Some important questions discussed in this episode: Why does Joan believe it's key to "Recognize, Realize, Respond?" How is Kyle going to drive a Porsche on his teacher's salary? Why is determining what's truly important so um… important? Aren't you treating yourself like someone you love? And how are your emotions messing up your finances? Panelists In This Episode: Special Guest: Joan Sotkin | ProsperityPlace.com Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney