How to Money

This week on the podcast we’re answering your questions!1 - Should I continue to balance my checkbook every month, or is it a waste of time?2 - I have 2 daughters who rarely drive- how can I reduce how much I spend on their car insurance?3 - Should I purchase a primary residence or a couple investment properties instead?4 - Is identity theft insurance worth the money?5 - As a small business owner, should I consider offering a SIMPLE IRA or a 401k?And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/During this episode we enjoyed an Agrestic by Firestone Walker - a big thanks to our friend Josh for donating this beer to the show, and as a friend of the show you’ve earned enough points and have officially reached ‘red status’! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Are you saving your money when instead you should be investing it? Or maybe you’ve been investing, but alternatively you should be saving! Folks get confused as those terms are often used interchangeably, but they are very different. For example, we call it “saving for retirement” when we are actually “investing for retirement.” Saving and investing are both important and have their place, and so the trick is knowing when you should be doing either. During this episode, we’ll cover some of the different indicators and considerations that will help you to determine whether you should be saving or investing. And it depends on your goals, but there’s a good chance you’ll need to do both!During this episode we enjoyed a Kong Double Hazy IPA by BarrelHouse Brewing Co - a big thanks to our friend Josh for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Wanna sell your house for a lot of money? Then it would behoove you to listen to this interview! Our guest today, Mindy Jensen, is a licensed real estate agent in Colorado and has been buying and selling homes for about 20 years. And not only does she buy and sell them for her clients, but she’s an investor herself and specializes in live-in flips. Mindy works for BiggerPockets.com where she helps investors learn the proper ways to invest in real estate and she also co-hosts the podcast BiggerPockets Money. In this episode we talk through how you can sell your home for the most money possible.We’re also going to give away 10 copies of Mindy’s book, “How to Sell Your Home: The Essential Guide to a Fast, Stress-Free, and Profitable Sale”. To be entered to win, just make sure you’ve left us a solid review over in Apple podcasts or Stitcher, and then shoot us an email at HowToMoneyPod@gmail.com with your screen name. That’s it!During this episode we enjoyed a Slammin at the Club by Casa Agria Specialty Ales- thanks to our buddy Josh for donating this one! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

We live increasingly busy and complex lives and the same is true of our money. Repeatedly making smart money moves is hard. It’s easy for us to forget or just get plain lazy when it comes to doing the right thing with our funds. Between our different bank accounts, multiple credit cards, and debt obligations, it can be difficult for us to take action on a consistent basis that will have a long-lasting effect on our personal finances. That’s where automation comes in- it helps us to engineer money success ahead of time, instead of trusting ourselves in the moment to continually muster the willpower to make it happen. But like many of the financial tools at our disposal, it’s not all puppies and rainbows. So, in addition to the clear benefits, be sure to listen and learn why you should also be careful when it comes to employing automation in your personal finance life.During this episode we enjoyed a Dayglow IPA by Elysian Brewing Company - a big thanks to Joe in Minnesota for donating the beers to the show this week! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

This week on the podcast we’re answering your questions! Our family has outgrown our current car so our multiple road trips every year are getting cramped. Should we purchase a new (used) car, or rent a larger vehicle as needed? Does the 5 year holding period apply to my contributions of my Roth IRA? Should I purchase pet insurance? I’d like to save up a down payment for a home but I’m also currently paying down debts using the debt snowball method. What should I do? I have student loans and I also qualify for Public Service Loan Forgiveness- how can I reduce the minimum amount that I owe every month? And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/During this episode we enjoyed a King Sue by Toppling Goliath Brewing - a big thanks to Joe in Minnesota for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Personal levels of indebtedness are at all time highs in our country. Consumer spending is growing, student loans are ever-present, and car loans are becoming even more of an issue as consumers take out 72 and 84 month loans. The reality and feeling of drowning in debt is compounded when folks don’t know how to get out from underneath this crushing weight. Where do you even begin?! What we need is a plan to help us get out of debt and get our feet set in the right direction this year. Now is the time to get your personal finances in order and creating a debt payoff plan is vital to achieving your financial goals.During this episode we enjoyed a Barrel Aged Yeti Imperial Stout- thanks to our friends there at the brewery for donating this one! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

If you’re thinking about starting your own side hustle, then this episode is a #MustListen! Vincent Pugliese is a husband, dad, and a professional photographer who started out at making $15 an hour working for the local newspaper, to paying off $140,000 in debt in 4 years. Through his journey to become debt free, he discovered the power of being self-employed, and the impact it can have towards not only achieving financial freedom, but time freedom and life freedom as well. During this process, Vincent wrote the book Freelance to Freedom which has inspired many who want to quit their day jobs and start their own businesses in order to take control of their lives.During this episode we enjoyed a S’Mores Yeti by Great Divide- thanks to our friends there at the brewery for donating this one! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

We can only go so far with being frugal, before we venture into the realm of cheap. Now don’t get us wrong- frugality is a great tool in your personal finance swiss army knife. We’re frugal fellas ourselves, and we love seeing what money saving steps our friends and listeners are implementing into their lives, but frugality alone doesn’t cut it. There are times when you need to make larger cuts and prioritize the other tools in your personal finance swiss army knife to help you achieve your money goals. Today we’re going to discuss the role frugality should play in our financial lives and how to use the other tools at your disposal when adding more frugal hacks to your life just won’t do the trick.During this episode we enjoyed a Hibernation Ale by Great Divide- thanks to our friends there at the brewery for donating this one! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

This week on the podcast we’re answering your questions! 1 - I was overpaid by my employer, what should I do now? 2 - Should I convert my 401k into an IRA? What considerations should I keep in mind? 3 - I have some IRS debt. Should I prioritize my debt snowball or get after that tax debt owed to the IRS? 4 - What’s the deal with my savings account interest rate dropping? 5 - I have an ESPP that is offered at work. Should I participate, and if so, how should I go about taking advantage of my employee stock purchase plan?And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/During this episode we enjoyed a Mexican Chocolate Yeti by Great Divide - a big thanks to our friends there at the brewery! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

For most normal people, personal finance is boring! There are many reasons why Americans have a really difficult time getting their money act together, but today we’re addressing the fact that we’d rather spend our time doing almost anything else. This is a problem as it takes intentional action for the rubber to meet the road and for our hopes and dreams to be turned into a debt slaying, wealth building reality. Gamifying our personal finances can help us to actually achieve some of those goals when it would otherwise be something we wouldn’t do at all. When we can figure out what it is about a particular game that we love, then we can bridge that gap and take some of the elements from the games we love and apply them to our personal finances. We really believe that gamification will level up your money game.During this episode we enjoyed a Astral Prism by Modern Times Beer- another big thanks to our friend Craig there at the brewery for donating this one! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!Best friends out! Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.