How to Money

Who doesn’t want to earn more money?! In a time where we’ve seen wage growth stagnation, workers want to make more or in some cases, they can’t seem to get out of the cycle of living from paycheck to paycheck. Side hustles are the answer! There are lots of pros and cons which we cover, but not all side hustles are created equal. In our new sharing or gig economy, oftentimes the default response to just go drive for Uber or Lyft, or even charge Bird scooters- but we argue that these are dead end ‘hustles’ and aren’t much better than punching the clock at a traditional job. Listen to the entire episode as we list some options and discuss what a better, scalable side hustle looks like.And at the beginning of this episode we enjoyed a Tears of My Enemies by Monday Night Brewing which you can find and learn all about on Untappd. A huge thanks to the guys over at MNB for donating this beer and supporting the show! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Americans spend WAY too much on groceries! After housing and transportation, we spend more money on food than anything else- close to 15% of our expenses. On a recent episode Matt mentioned how his family eats on $1 per person per meal, and so we figured it was time to spend an entire episode discussing how you can cut your grocery bill like crazy! If you’re not really into cooking we give some very easy and helpful tips that you can start trying out today, but we also talk about some more advanced and cost savings ways of putting meals together if you’re ready to take it to the next level.And at the beginning of this episode we enjoyed a Darkness by Surly Brewing Company which you can find and learn all about on Untappd. A huge thanks to listener Mike in Minnesota for donating this beer and supporting the show! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Financial independence - what does that even mean and should you be pursuing it?! Chances are you've heard us mention it before on the show, but we finally dedicate an entire episode to what financial independence is all about. We also discuss what it's NOT all about. For instance, is retirement the same thing as financial independence? Be sure to listen to the entire episode and you'll be able to easily calculate when you'll be financially independent.And at the beginning of this episode we each enjoyed a Wind in the Willows by Wild Mind Artisan Ales which you can find and learn all about on Untappd. A huge thanks to listener Mike in Minnesota for donating this beer and supporting the show! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Nobody ever talks about life insurance, so naturally, we’re doing an episode on it! While likely the least sexy aspect of personal finance, it’s incredibly important- especially if you have loved ones who are dependent on you, and the income you earn. This week we’re answering a listener’s question as he specifically asks if he has enough life insurance in place, as well as how important is his age when it comes to his annual premiums. These are some awesome questions (thanks Josh) so listen to the entire episode to hear our thoughts on life insurance!And at the beginning of this episode we each enjoyed an Intergalactic Juice Hunter which you can find and learn all about on Untappd. A huge thanks to listener Carl for doing a beer trade with us! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

We talk a lot about real estate investing on the show. However, if that’s not your thing then don’t worry about real estate- it is not necessary to build wealth. Just be sure that you’re investing somewhere, in something, and it’s so important that you invest in what you know! In this episode we cover some alternative ways to invest your money, as a way to get you thinking creatively and strategically when it comes to investing so that you can earn over 10% while feeling more fulfilled at the same time. Listen to the full episode to get inspired! However, if you find that you don’t currently have the time or ability to take on these alternative methods, at the very least you can start with traditional investing which you can easily learn all about in Episode 9: Retirement Investing is Simpler than You Think.And at the beginning of this episode we each enjoyed a Plank’d by Avery Brewing Company which you can find and learn all about on Untappd. A massive thanks to Avery for donating this massive beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

“Don’t rent, you’re just throwing away money. Buy a house instead, it’s a great investment!” - says almost everyone who purchases a home. It’s often accepted as a gospel truth that purchasing a home as a primary residence is always a great investment. This is just not true. We promise you, unless you’re house hacking, chances are your house makes an awful investment. It could possibly be a good lifestyle choice, maybe a great decision for you and your family, or perhaps you're getting a great deal, but that doesn’t mean you should consider it to be a great investment. In this episode, we cover all the different reasons why your primary residence is an awful investment, and then we also give some tips to consider to make your home a ‘less bad’ investment.And at the beginning of this episode we enjoyed a Rueuze (2015) by Bruery Terreux which you can find and learn all about on Untappd. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Micro investing apps- you know they exist but now its time to learn what they're all about and whether or not you should be doing it. These apps are amazing in that they can get people investing and saving money in mere minutes. But then there are the downsides. For instance, is the accessibility and ease of use of these apps worth the risk of reacting to financial news and what the market is currently doing? Listen as we discuss some of our favorite apps, go over the pros and cons, and cover who we think would benefit the most from micro investing apps.And at the beginning of this episode we each enjoyed a Wandering Blues by Orpheus Brewing which you can find and learn all about on Untappd. A huge thanks to Orpheus Brewing for donating this amazing beer and supporting the podcast! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

The only way you can save MORE money is by either earning more, or by spending less- and spending less (aka frugality), is a much smarter decision! Don’t be tempted to just work harder and earn more money, because as soon as you stop working, your income stops! Frugality is the better answer. It isn’t restricting, keeping you from spending money on the things you love to do. Instead it’s freeing, and it is all about consciously deciding to not spend money on the things you don’t love, in order to give you the ability to spend money on the things you do love to do, whether now or off in the future!At the beginning of this episode we popped open a Drie Fonteinen Oude Kriek, which Joel picked up during his recent trip to Europe. If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Not all rental properties are created equally- and we’re not just talking about how well they’re built! There are a number of factors to keep in mind when you’re considering purchasing different properties as potential rentals. In this episode we talk about finding a good deal on a property and then we cover our favorite criteria that we like to use to filter out those good deals. We also spend some time talking about the 1% rule and if we feel it’s even still relevant in a hot housing market!At the beginning of this episode we both enjoyed a beer by Borg Brugghús called Garún Nr. 19, which is an Icelandic Stout. This beer was donated by listeners, so a special thanks to our friends Michelle and Jenn for supporting us! If you enjoyed this episode, be sure to subscribe and review us in Apple Podcasts, Castbox, or wherever you get your podcasts!For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

For specific links and additional information about this episode, head over to our site: HowToMoney.com . Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.