Money Mastermind Show: Personal Finance | Investing | Retirement | Entrepreneurship

Before talking with Tarra Jackson of MsMadamMoney.com I had no idea that we had an epidemic of financial STDs in our midst.  Join the MMS panel as we discuss how to recognize and get out of financially abusive situations that could exist between spouses, friends, and/or your bank. https://moneymastermindshow.com/episode28-are-you-suffering-from-financial-abuse/ Some important questions discussed in this episode: How can you tell if you’re in a financially-abusive relationship? What are the steps to take to once you accept that you are either the abused or the abuser in a financial relationship? What sort of ranges are there when discussing financial abuse. What in the world is a financial STD and why is it so important?! Is financial abuse something that is only between spouses or can other personal relationships and institutional relationships be financially abusive as well? Panelists In This Episode: Special Guest: Tarra Jackson | TarraJackson.com Glen Craig | Free From Broke Kyle Prevost | Young and Th

Matt Giovanisci – one half of the dynamic duo behind your second-favorite personal finance podcast (Listen Money Matters) – joins us to describe personal finance blunders as only he can.  How many personal finance discussions will take you from discussing interest rates to hookers ladies of the evening and blow restricted substances in the blink of an eye?  Tune in to hear Matt and our panel come clean about some lessons they had to learn the hard way. https://moneymastermindshow.com/episode27-overcoming-your-financial-blunders/ Some important questions discussed in this episode: How will buying new and/or used vehicles affect my finances over the long term? If HGTV shows are all about saving me money why am I spending so much on my house? Is Las Vegas where you want to be thinking about budgeting for the first time? What would we do differently if we knew then what we know now?! Panelists In This Episode: Special Guest: Matt Giovanicsi |Listen Money Matters Glen Craig | Free From Broke Kyle Prevost | You

International travel sounds fun in theory, but most people believe it is too expensive and that there is too much potential for headaches.  Paula Pant from Afford Anything is not most people.  She joins our panel to discuss how to up your international travel IQ and how nearly everyone can afford to travel if they are willing to deviate slightly from traditional travel norms. https://moneymastermindshow.com/episode26-how-to-be-a-globetrotter-on-a-budget/ Some important questions discussed in this episode: How did Paula manage to travel around the world for two years on ONLY $25,000?! What are the best ways to reduce airfare costs? Are there alternatives to a hotel that will save me money? How can I use currency conversion rates to my advantage when globetrotting? Will I have any passport-related issues when hopping around countries like Laos and Cambodia? What tourist trap-type of scams might I run into on my travels?  What negotiating tips does Paula have? Can I actually save money by not planning in advan

Many people hope to travel the world as they progress in their career or think of retiring on a special beach in another country.  Before that happens though it’s important to understand some of the logistics behind the financial decisions you’ll have to make.  Andrew Hallam is here to shed some light on what it’s like for an expatriate that is living, saving and investing abroad.  His newly released book is titled, “The Global Expatriate’s Guide to Investing: From Millionaire Teacher to Millionaire Expat”, and he joins our panel to give a few tips if you want to realize your travel-dependent dreams. https://moneymastermindshow.com/episode25-living-as-an-expat/ Some important questions discussed in this episode: What are some of the employment opportunities abroad in places such as Singapore? Why is Kyle so upset about expatriate investing rules specific to the USA? What is a “capital gains-free zone” and how to I get some of that action? Do I have to renounce and/or relinquish my citizenship if I become an

His personal finance expertise and online success might only be surpassed by his knowledge of all things Comic Con… the one and only J.D. Roth lets us in on how he has created the lifestyle he desired from very inauspicious personal finance beginnings.  Join us as J.D. details how he went from “peak materialism” to one of the most widely-read personal finance bloggers in the business. https://moneymastermindshow.com/episode24-how-to-create-the-lifestyle-you-want/ Some important questions discussed in this episode: Where does your identity come from and what do you truly value in life? What is “peak materialism” and how will you know if you hit it? How do we help others understand why this whole personal finance things is important? Why is Peter dropping the following Mark Twain-sourced wisdom on us? “Let us endeavor so to live that when we come to die even the undertaker will be sorry.” What is de-cluttering and why does it make you feel so good? Panelists In This Episode: Special Guest: J.D. Roth | http:

Ahh, retirement! Seems like a wonderful place to be. But if we don’t figure out the number we need to aim for in retirement then it might not be as fun as we’d like. Join us and our special guest Todd Tresidder of FinancialMentor.com as we discuss retirement and how to figure out your retirement number. https://moneymastermindshow.com/episode23-whats-your-retirement-number/ Some important points from this episode: When Social Security was implemented, the average life expectancy was 65. It’s no secret why the age was set at 65. It was never intended to be a perpetual retirement system For a couple that retires healthy at age 65, they can expect at least one spouse to live into their 90s. It can be tough to amortize assets over a 30 year period like that. A cash flow model for retirement income is a necessity for many people. Panelists In This Episode: Special Guest: Todd Tresidder | http://financialmentor.com Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Se

Before you can invest and become a millionaire or even before you can begin to tackle those debt problems you got yourself into, you first have to master the fundamentals of personal finance (channeling my old basketball coach tonight apparently) and that means learning how to manage your cash flow.  Tech innovator Ram Palaniappan is in the Money Mastermind house this week to share with us some cashflow insights he has gained in the process of creating his new tech-friendly lending start up.  Join us as we put an new spin on some old school ideas that have proven their worth over time. https://moneymastermindshow.com/episode22-understanding-the-importance-of-cash-flow/ Some important insights discussed in this episode: Americans spend more on overdraft fees than fresh vegetables every year ($32 billion) – are you part of this statistic? Payday loans are such a highly profitable business that there are more payday loan locations in the USA than Starbucks and McDonald’s combined. Why managing your cashflow mi

Using a coach seems to work for Serena Williams, Peyton Manning, and LeBron James amongst others, so maybe there is something to this whole life coach/financial planner thing.  Andrea Travillian brings her unique approach of holistic life solutions to our money-centered show and explains how financial solutions should be a working part of your overall plan.  If you find yourself struggling to gain traction on the road to your the future you had envisioned, tune in to see if a life plan might be the answer you’ve been looking for. https://moneymastermindshow.com/episode21-why-you-need-a-life-plan/ Some important questions discussed in this episode: How is a life plan different from a financial plan?  Do I need one if I have the other? Everyone knows they should set goals, but does that actually work? When should I start using a life plan? Do I really need a life coach or another specialist to help me plan things? Panelists In This Episode: Special Guest: Andrea Travillian | Take a Smart Step Glen Craig | F

KC Beavers from GenX Finance built a million dollar net worth by age 30… and that’s not even taking into consideration the fact he was donating 10% of his income every year and was responsible for a relatively large family as well!  KC and the MMS panel aren’t selling any get-rich-quick courses or programs, they just want to help you reach your financial goals – if that includes a million dollars then all the better! https://moneymastermindshow.com/episode20-how-to-become-a-millionaire/ Some important questions discussed in this episode: Aren’t most millionaires born rich? How much money do I have to save to be a millionaire by __? What do millionaires have to say about becoming a millionaire? Is there anything special I can do to increase my chances of becoming a millionaire? If my house is worth a lot of money does that mean I’m a millionaire? Do millionaires like to donate or keep all their cash for themselves? Is there somewhere I can live that will help reach a million? Panelists In This Episode: Spe

Who hasn’t looked at a social media feed full of beautiful sunny beaches or exotic architecture and thought to themselves how nice it would be to have a huge travel budget. Steve Zussino from CanadianTravelHacking.com joins us to explain you don’t have to have a first-class budget, just a little inspiration and a dash of research skills. Tune in to learn how to shave hundreds of dollars off your next trip. https://moneymastermindshow.com/episode19-travel-hacking-made-easy/ Some important questions discussed in this episode: What is the best way to comparison shop for travel deals? Can I save money on anything besides accommodations and airfare when I travel? Everyone is always talking about credit card points, but does anyone actually get free stuff? What is this whole Airbnb and/or House Trading thing? What should I watch out for in terms of fees and penalties when I travel? Panelists In This Episode: Special Guest: Steve Zussino | CanadianTravelHacking.com Glen Craig | Free From Broke Kyle Prevost | You

In this episode we come to you live from the 2014 FinCon Expo where we welcome special guest Joe Berman with Country Financial. Country Financial found that 51% of people surveyed weren’t investing. The question is – why? https://moneymastermindshow.com/episode18-why-arent-we-investing/ Some important issues discussed in this episode: Why aren’t people investing? What’s holding them back? How you can start investing with a small amount of money. It’s possible to build wealth over time with investing, since, over time, the market trend smooths upward. Indexing is a good way to take advantage of market growth while limiting risk, since you don’t have to worry about picking stocks. Panelists In This Episode: Glen Craig | Free From Broke Miranda Marquit | Planting Money Seeds Tom Drake | MapleMoney

Coming to you live from FinCon, our panel is joined by an all-star cast to cut through all the buzzword-heavy noise that surrounds the mention of “networking” – and give you the straight goods on what really works. https://moneymastermindshow.com/episode17-how-networking-can-help-your-career/ Some important questions discussed in this episode: What’s the difference between authentic networking and robotic business card exchanging? How do I network if I’m an introvert that is terrified of big groups? Where should I be looking for networking opportunities? Is it all about looking for people that I can ask for favors later? How should I make the most out of events like conferences or gatherings that I think might be a good time to meet new people? Fincon Attendees Who Gave Us Their Best Networking Tip Thanks to all those Fincon attendees who gave us their best networking tip. In order of appearance: JD Roth | http://jdroth.com Kylie Ofiu | http://kylieofiu.com Matt Giovanisci | http://www.listenmoneymatters.

No one ever lost money by sticking it in their mattress right?  On today’s episode Robert Farrington of The College Investor helps us explain why having your money work for you is much easier (and more fun) than working for your money.  We’ll help you cut through the noise and sales pitches so that you can focus on simple, easy-to-understand strategies for growing your nest egg. https://moneymastermindshow.com/episode16-putting-your-money-to-work-for-you/ Some important questions discussed in this episode: Where do I begin when it comes to investing my money? What are the differences between bonds, CDs/GICs, stocks, ETFs, and mutual funds? Which investment vehicles are right for me? What in the world is an index fund and why does everyone on the show rave about them? Is there a relationship between risk and reward when it comes to investing?  How does that affect me and my investments? Ok, I know what I want to invest in, where do I actually make the investments as cheaply as possible? Panelists In This Ep

Business Coach to millennial entrepreneurs Amanda Abella joins us this week to talk about how golf isn’t the only activity that requires a strong mental game – your finances depend on it as well! While Amanda specializes in talking about millennials and people who have decided to try their hand at entrepreneurship, she also has many strategies to help your money mindset no matter what the situation. https://moneymastermindshow.com/episode15-fixing-your-money-mindset/ Some important questions discussed in this episode: What is a money mindset?  Isn’t personal finance just about numbers and stuff? Is this like “The Secret” where if I think about hundred-dollar bills magically they will appear? What sort of mental obstacles might I place in my own way?  Why would I do that? Are there specific mental strategies that might help me to become successful in running my own company? Panelists In This Episode: Special Guest: Amanda Abella | AmandaAbella.com Glen Craig | Free From Broke Kyle Prevost | Young and Thrif

As college and university students across North America begin to migrate back on to campuses over the next couple of weeks, class is already in session at the MMS with Justin Bouchard from My University Money.  Just because you might think you’re flush with student loan money and summer job cash in September doesn’t mean you can’t quickly dig yourself into a hole of debt by Christmas.  Our panel of graduates from the school of hard knocks will give some money-savings tips they had to learn the hard way. https://moneymastermindshow.com/episode14-back-to-school-the-a-to-z-of-student-finance/ Some important questions discussed in this episode: So you got a student loan… Now what? Should students get a credit card? How much does school really cost?  What about in 10 years? Where do I even start when it comes to putting a budget together? What insurance stuff do students need to worry about? Want to save money on cars, taxes, and textbooks?  We’ve got you covered. Panelists In This Episode: Special Guest: Just

We’ve all been there before – looking up a literal or metaphorical mountain and wondering how in the world we’re ever going to reach the summit.  It might be cliché to say that a great journey begins with a single step, nonetheless, when it comes to your finances, it’s important to remember.  Luke Landes joins us this week to explain what that first step should look like and how you can climb your own personal mountain. https://moneymastermindshow.com/episode13-where-should-you-start-when-getting-your-finances-in-order/ Some important questions discussed in this episode: If I’m overwhelmed by the thought of “financial stuff” where do I start? Where should I find help when it comes to beginning my personal finance journey? Should I pay down debt or start an emergency fund first? Should I prioritize saving for retirement over paying off my student loan? Is there support somewhere to help me cope with all of this new information? Panelists In This Episode: Special Guest: Luke Landes | Luke Landes.com Glen Cr

Carrie Rocha from Pocket Your Dollars joins the panel tonight to answer the question many of us wonder as we watch hoarder-like shows about extreme couponing: Is that whole coupon thing really worth my time? https://moneymastermindshow.com/episode12-can-coupons-really-help-me-save/ Some important questions discussed in this episode: How much can I actually save by using coupons? What sort of time and effort do I have to put in to be good at this stuff? Is there anyone else out there whose hard/dirty work of finding coupons I can piggyback off of? Am I better using grocery store coupons or going the wholesale route with places like Costco and Sam’s Club? Should I focus on sales or coupons?  Is it possible to layer both without going crazy keeping track of everything? Panelists In This Episode: Special Guest: Carrie Rocha | Pocket Your Dollars Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Our resident retirement expert Roger Whitney from The Retirement Answer Man will tell you the exact dollar figure that you will need to retire!  Just kidding… What Roger will do – with a little help from the rest of our panel – is outline a few different ways you should be looking at the concept of retirement savings no matter what your age or background.  We offer some unique personal insights that will help you in your quest to enjoy life well after your peak earning years – without compromising everything you enjoy today! https://moneymastermindshow.com/episode11-how-much-do-you-need-to-retire/ Some important questions discussed in this episode: Is the concept of retirement the same today as it was 30 years ago?  What will it look like in 2044? Is your cash flow management that different from a company’s? What role does a good financial adviser play in helping me save for retirement? Should I depend on the government to help me in my retirement? Why should I make sure, “I never have any BIG conversations

Ever hear of Extreme Saving? Well in this episode we’re diving deep into extreme saving with the help of Kraig Mathias of Create My Independence. Find out if extreme saving can help you and how to get started. https://moneymastermindshow.com/episode10-all-about-extreme-savings-is-it-for-you/ Some important questions discussed in this episode: What is extreme saving? How is extreme savings beneficial? Can you really retire early? How can I start saving more? What mindset do I need? Panelists In This Episode: Special Guest: Kraig Mathias | Create My Independence Glen Craig | Free From Broke Kyle Prevost | Young and Thrifty Miranda Marquit | Planting Money Seeds Peter Anderson | Bible Money Matters Tom Drake | MapleMoney

Creator of the, “The #1 ranked podcast of all-time and history”, Matt Giovanisci from Listen, Money Matters joins us to discuss the ins and outs of automating your finances.  You might have heard the phrase “pay yourself first” before and thought you might get around to doing that… at some point.  We’ll explain how you can set up a few automatic transactions that will take care of important financial tasks quick and painlessly while you spend your time and energy doing what you really want to be doing. https://moneymastermindshow.com/episode9-tips-for-automating-your-finances/ Some important questions discussed in this episode: What should I be automating when it comes to my finances? Are there tools like software programs and apps that can help me automate? Are there any downsides to automating all of my payments? What should my first steps be if I’m just starting out? Should I be using my credit card to make automatic payments? Panelists In This Episode: Special Guest: Matt Giovanisci | Listen, Money Ma