Money Mastermind Show

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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

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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

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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

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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

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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

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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

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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

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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

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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/

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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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:

Panelists In This Episode:

Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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The Money Mastermind Show welcomes Dorethia Conner Kelly from #MoneyChat to our studios to chat about how you can take your next step on the staircase to wealth and prosperity no matter where you currently are. Some people believe the path to financial success is too daunting to take on, but every journey starts with a first step!

https://moneymastermindshow.com/episode38-steps-to-achieving-financial-success/

Some important questions discussed in this episode: * What should financial success mean to you? * What first steps should I take? * How do I go about bettering myself with so many options out there? * Are budgets truly the foundation of financial success? * What are some of the stages as it relates to achieving financial success and/or financial freedom? * How can I lower my mental barriers to entry?

Panelists In This Episode:

Special Guest: Dorethia Conner | ConnerCoaching.com
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Don’t listen to financial gurus… unless you consider us gurus… then only listen to us! Confused yet? We brought in in Joe Saul-Sehy from Stacking Benjamins to help us sort it all out. He wrote a whitepaper examining the value (or lack thereof) of what these “gurus” are putting out there on TV and other forms of media. Tune in to hear us explain why popular financial advice is often flawed and how you can identify where the best sources of information are for you.

https://moneymastermindshow.com/episode37-why-you-shouldnt-listen-to-financial-gurus/

Some important questions discussed in this episode: * Is the goal of financial gurus on TV to inform or to entertain? How does this affect you? * What’s the difference between us and the gurus? * How does anyone identify who is a “good guru” is and who is selling snake oil? Perhaps video games can help! * Should you ever listen to one person exclusively when it comes to your money? * Who do we like to listen to on money-related advice?

Panelists In This Episode

Special Guest: Joe Saul-Sehy | 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

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Your portfolio doesn’t need to be perfect, it just needs to be average to be better than most. A reasonable person might wonder how that could be true, but then again, a reasonable person wouldn’t conceive of the myriad of ways the financial industry had come up with to siphon off your savings and investments. Barbara Friedberg from BarbaraFriedbergPersonalFinance.com joins us to explain how low maintenance investing strategies, combine with a basic understanding of concepts such as asset allocation and cutting down on investing fees can have you coming out ahead. Tune in to hear our thoughts on what your portfolio should look like depending on your investment goals and interest in time commitment going forward.

https://moneymastermindshow.com/episode36-how-to-build-a-better-investing-portfolio/

Some important questions discussed in this episode: * Do you need a separate portfolio for each of your savings and investment goals? * Is your company pension plan a good idea? * Is asset allocation really that important? I thought investing was about picking good stocks? * What do our investment portfolios have in them? * What is a robo advisor? Are they a good middle ground between doing it myself and paying crazy amounts of fees?

Panelists In This Episode:

Special Guest: Barbara Friedberg | BarbaraFriedbergPersonalFinance.com
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Valerie Rind joins us to talk about a major life event that no one wants to believe will happen to them, but has become all-too-common over the past couple of decades. Divorces are obviously a destructive emotional experience, but in addition, there are financial-based problems that are bound to complicate the situation even further. As a divorcee, Valerie helps others learn from her experience. Her blog is cleverly titled Gold Diggers and Deadbeat Dads but you can find it under the URL ValerieRind.com.

https://moneymastermindshow.com/episode35-how-to-financially-recover-from-a-divorce/

Some important questions discussed in this episode: * What does the following quote, “Divorce is not a solution, but an exchange of problems” by Harvard sociologist Armand Nicholi III actually mean? * If you’re going through a divorce what is the first thing you should consider with regard to finances? * What sort of legal considerations are there when a couple has to split their finances? * Should I be preparing in some way for this sort of event even if my relationship is stable and I’m happily married?

Panelists In This Episode

Special Guest: Valerie Rind | ValerieRind.com (aka “Gold Diggers & Deadbeat Dads)
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Want to pay off $28,000 worth of debt in under three years? Zina Kumok of Debt Free After Three will tell you how she managed this Herculean feat of frugalistic strength this week on the Money Mastermind Show. Tune in to hear about everything from stocking up on shampoo samples, to debating the merits of free-at-the-point-of-delivery college/university courses. If you’re ready to live debt free, here’s your road map to getting on the right track.

https://moneymastermindshow.com/episode34-paying-off-your-student-loans-to-live-debt-free/

Some important questions discussed in this episode: * Is there a culture around blindly accepting student debt that needs to change? * How did Zina manage to “earn” $1,000 by switching bank accounts a few times? * Is there a case where paying off my student loans early isn’t in my best interests? * What does entitlement have to do with a student loan? * Should society allow $100,000 student loans? Should post-secondary education be free?

Panelists In This Episode:

Special Guest: Zina Kumok | Debt Free After Three
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Earning money is fun, watching your account balance grow can be very satisfying, but when it comes to that warm feeling inside, giving your cash away might be the most rewarding thing we can do where money is concerned. Friend of the show Luke Landis is back and he brought his playoff beard with him! We talk about what responsible giving might look like, how to make sure your given dollar goes as far as it can (whether it’s a Loonie or a Greenback), and we’ll even get slightly philosophical as we discuss what reasons people have for giving.

https://moneymastermindshow.com/episode33-how-to-use-your-time-and-money-for-good/

Some important questions discussed in this episode: * Should I be giving to charity if I’m in debt? * Are my taxes enough when it comes to giving to others? * Where and how is it best to give? Which groups/organizations are for real? * Do people give for good reasons? Can you tell who was a “good person” by looking at donation plaques on bridges, hospitals, and/or museum wings?

Panelists In This Episode:

Special Guest: Luke Landes | LukeLandes.com
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Lauren Bowling from L Bee and the Moneytree joins us this week to explain why having multiple streams of income is quickly becoming not just a pleasant luxury, but for many young people at least, a real necessity in the quest for financial security. Tune in as Lauren and the panel discuss not only why pumping up your bank account from several different sources is important, but to breakdown some strategies they’ve used in order to generate several different streams of income.

https://moneymastermindshow.com/episode32-creating-multiple-streams-of-income/

Some important questions discussed in this episode: * Do real people actually have “multiple streams of income” or is this just another thing for people with a net worth in the top 1%? * If I have a second job am I already doing everything I can when it comes to diversifying my income sources? * Tom’s tell us why his favorite quote is, “7-2 in the morning is plenty of time to do damage,” by Gary Vaynerchuks. * Are dividends and real estate doable as streams of income for “normal people”? * What are the downsides to pursuing all these income streams?

Panelists In This Episode:

Special Guest: Lauren Bowling | L Bee and the Moneytree
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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So 2015 arrives and everyone around you is making these epic-quest goals and everywhere you look has lists of uber-ambitious resolutions. What’s a sane person to do? Do you buy into the mania and say you’re going to run a marathon while getting that MBA this year, or do you scoff at the people at the gym in January that aren’t really sure what they’re doing? Eric Rosenberg from Narrow Bridge Finance joins us this week to talk about his approach to goal setting – and even more crucial – goal achieving. Listen in for our thoughts on how to increase the likelihood that you’ll realize your goals and what financial aims we have for the upcoming 365-day stretch.

https://moneymastermindshow.com/episode31-how-to-achieve-your-financial-goals-this-year/

Some important questions discussed in this episode: * Don’t most New Year’s resolutions fail? Are they even worth it? * How can I increase the odds I’ll get to the light at the end of the tunnel this time? * Are there any tools or resources that can help me in 2015? * What sort of financial goals should I be making anyway? * Is it better to dream big or start small?

Panelists In This Episode:

Special Guest: Eric Rosenberg | Narrow Bridge Finance
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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The holiday season is upon us, but what happens when you run into a financial emergency? Did you spend too much on gifts? Are you still scrambling to find last-minute frugal gift and entertaining ideas? Is an unexpected emergency room visit straining your finances? What can you do when your holiday threatens to be less than happy?

We’ll discuss some of the difficulties that come with the holiday season — or that can arise during any financial emergency. We’ll look at some of the last-minute solutions to your last-minute holiday financial problems, and talk about what you can do to prevent it from happening again.

https://moneymastermindshow.com/episode30-how-to-avoid-a-holiday-financial-disaster/

Some facts and important questions discussed in this episode: * Shoppers around the country say they are planning to spend an average of $861 for gifts this holiday season, up from $801 last year. * A Bank of Montreal survey shows Canadians polled expected to spend an average of $1,517 on holiday spending. * Time.com reported that only 13% of consumers actually save money throughout the year in anticipation of the holiday season. * Is having a budget an important part to surviving the Christmas holiday? * Is it important to plan your Christmas spending, up to a year ahead? * Has the focus of Christmas become too commercialized? Should we be calling it “Giftmas” instead of “Christmas”? * How can we put the focus of the holiday season back on the giving, and put less emphasis on getting?

Panelists In This Episode:

Special Guest: Phil Taylor | PT Money
Special Guest: Kraig Mathias | Create My Independence
Special Guest: Matt Giovanisci | MattGiovanisci.com
Special Guest: Joe Saul-Sehy | Stacking Benjamins
Special Guest: Harlan Landes | Harlan on Twitter
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Just because your dad always said, “My house is the best investment I ever made,” doesn’t make him a real estate investing expert. Having a plan to retire on a million dollars in real estate-related cash flow probably does though. Our guest this week is Brandon Turner of Bigger Pockets and he’ll tell you how to get started on your real estate journey, as well as what to stay away from. Tune in to hear how Brandon decides on which properties to purchase and how he ended up living in Kurt Cobain’s old house!

https://moneymastermindshow.com/episode29-how-to-successfully-invest-in-real-estate/

Some important questions discussed in this episode: * What are some rules of thumb for real estate success? * How many ways can I make money off of real estate? * What is “House Hacking” and how do I make it work for me? * Why does Brandon like to say, “Invest for today, not for tomorrow” and what does it mean? * Does paying people to move OUT of your properties make sense?! * What is a mentor and do I need one?

Panelists In This Episode:

Special Guest: Brandon Turner | Bigger Pockets
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 advance?

Panelists In This Episode:

Special Guest: Paula Pant | Afford Anything
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 expat? * What will my credit card situation look like if I decide to live abroad?

Panelists In This Episode:

Special Guest: Andrew Hallam | http://andrewhallam.com
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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://jdroth.com
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 might be the most important aspect of personal finance. * What’s the difference between managing your cashflow and budgeting? * What tools are there out there that can help you manage your cashflow? * Cashflow isn’t just about managing your “outflows” or “outputs”, but analyzing your inputs as well.

Panelists In This Episode:

Special Guest: Ram Palaniappan | Active Hours
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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:

Special Guest: KC Beavers | GenX Finance
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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

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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.com
Adam Hagerman | http://adamhagerman.com
Andrea Amir | http://smartmoneychicks.com
Ryan Guina | http://cashmoneylife.com | http://themilitarywallet.com
Doug Nordman | http://the-military-guide.com
Kate Horrell | http://katehorrell.com
Larry Ludwig | http://investorjunkie.com
Leslie Van Zee | http://mosaicfp.com
Rob Bennett | http://passionsaving.com
Sandy Smith | http://yesiamcheap.com
Todd Tresidder | http://financialmentor.com

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

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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 Episode:

Special Guest: Robert Farrington | TheCollegeInvestor.com
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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: Justin Bouchard | My University Money
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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 Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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

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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 with my wife” – or net worth statement?

Panelists In This Episode:

Special Guest: Roger Whitney | RogerWhitney.com
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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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

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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 Matters!
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Larry Ludwig from Investor Junkie is occupying MMS this week in order to give us his thoughts on the income inequality debate generated by this summer’s blockbuster bestseller: Thomas Picketty’s Capital In the Twenty-First Century. Any time that a book as long as the Bible that is written by a French economist ends up on coffee tables around the world – you know something interesting has happened. For those of you having flashbacks to boring English classes, have no fear – this isn’t a book club – we chat about what you can do claim your spot in a shrinking middle class no matter what the 1% is doing.

https://moneymastermindshow.com/episode8-is-wealth-inequality-systemic-in-our-world/

Some important questions discussed in this episode:

Is income inequality even a problem? Hasn’t it been around forever?
What has taxation looked like in the past? It can’t have changed that much right?
How does corporate taxation and recent “corporations as people” chatter factor into this whole income inequality debate?
What do the infamous 1% do to make all their money? (*Hint: They aren’t just working more overtime.)
What steps can you take regardless of what the 1% are doing?

Panelists In This Episode:

Special Guest: Larry Ludwig | Investor Junkie
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Is our addiction to credit cards and consumer debt really a necessary evil in today’s interconnected world – or is there another way? Steve Stewart of MoneyPlanSOS joins us to explain his anti-debt philosophy and what options the average person has if they want to stay away from making expensive debt-related mistakes. Since a few of us on the panel have well-established love affairs with our travel rewards credit cards the conversation should prove lively!

https://moneymastermindshow.com/episode7-can-you-get-by-in-life-without-credit/

Some important points made in this episode:

Is it even possible to ditch credit cards in today’s world if one wanted to?
Peter and Tom bring up some interesting proof of rewards credit cards being tied to higher spending habits.
Will not using credit cards hurt your credit score?
Is it safer to use a credit card than a debit card?
Do your credit cards rewards points fall from the sky or is someone else footing the bill?

Panelists In This Episode:

Special Guest – Steve Stewart | MoneyPlanSOS
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Larry Ludwig from Investor Junkie joins us this week live from his survivalist bunker to discuss the coming financial apocalypse. Our panel shares their thoughts on what a modern meltdown might look like, as well as if we believe it will ultimately be a human-made catastrophe or a product of nature’s ever-increasing fury. Ever wondered if you could survive the worst-case scenario? Worry no more as the Money Mastermind Show tells you how to prepare for everything from a government credit collapse to a hurricane.

https://moneymastermindshow.com/episode6-are-we-heading-toward-a-financial-apocalypse/

Key Questions From This Episode: * What would a financial apocalypse look like and what are the chances it will happen? * Do we the right attitude about recessions and are they cause for concern? * Are government’s doing enough to prevent a possible day of debt reckoning? * Should you change your investing style in consideration of a financial meltdown? * Are there similarities between the increasing amount of natural disasters and the intense financial bubbles we’ve been seeing over the past few decades? * Theory is all fine and good, but what concrete steps can you take to make sure you’re prepared?

Panelists In This Episode:

Special Guest: Larry Ludwig | Investor Junkie
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Want to stir up a crowd in a hurry? Walk into a room and say, “I think that good parents owe it to their kids to help them pay for college.” Rob Carrick – author of How Not to Move Back in with Your Parents and personal finance columnist for the Globe and Mail – joins us to help us sort out the facts and emotions behind financially supporting young adults as they head off to college or university.

https://moneymastermindshow.com/episode5-how-much-should-you-pay-for-kids-college/

Key Takeaways From This Episode * With rising school costs, is it essential that parents help their children pay for their post-secondary schooling? * If parents want to financially help their kids, what is an appropriate or ideal amount of help? * Should putting money away for your child’s education take priority over saving for your retirement? * Is it realistic to assume young adults can still work their way through college or university? * Is it right attach “strings” or expectations to financial help? * Why communication about financial realities between parent and child is so important.

Panelists In This Episode:

Special Guest: Rob Carrick | RobCarrick.com
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Join us this week as we toss around the idea of whether it is more rewarding to spend money on experiences or “things”. We brought in an “experiences expert” – the always-entertaining Martin from the Studenomics personal finance blog – and hilarity ensued. Tune in for some insights on how to find the personal balance between pursuing experiences and stuff in your life.

https://moneymastermindshow.com/episode4-experiences-vs-things-which-is-the-best-way-to-spend-your-money/

Some important points made in this episode:

What does science have to say about spending your money and correlation to happiness?
Tips on how to re-orient your mindset away from the commercialism that is so prevalent in North America.
If it’s a really cool experience or item it’s ok to go into debt right?
Martin explains how a garage sale can reveal the seedy underbelly of materialism.
Take our $100 experience vs stuff challenge and see the results for yourself.

Panelists In This Episode:

Special Guest: Martin Dasko | Studenomics
Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

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Want to have some fun in the sun, without getting burned by expensive costs? The Money Mastermind crew has you covered (insert sunscreen pun here). Tune in to listen to Tom, Peter, Glen, Miranda and Kyle talk about how to save on sunny vacations, summer-specific budget considerations, and generally enjoy many people’s favorite time of the year without breaking the bank. Frugal summer fun here we come!

https://moneymastermindshow.com/episode3-how-to-have-a-frugal-summer-despite-rising-costs/

Some important points made in this episode:

According to American Express, the average American family of four will spend $4,580 on vacation travel this summer.
28 million families with children under 18 plan to spend hundreds of dollars on their kids this summer — adding up to more than $16.6 billion.
The average American family expects to dole out an average of $601 per child this summer, according to data released by American Express, based on a random sample of 2,008 adults. Affluent families, with annual household incomes of more than $100,000, are dishing out double that amount — at an average of $1,116 per kid.
Can your business help pay for your vacation?
Do cottages and/or RVs offer a good bang for your buck? Maybe renting is the way to go?

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

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Our second show sees the Money Mastermind crew head back to school. We debate what the value is of a university/college education is in today’s modern economy. Discussion takes us from trying to quantify the return on investment offered by many post-secondary education options, to how college/university has evolved over the past few decades. We also talk about a few alternatives.

https://moneymastermindshow.com/episode2-is-getting-a-college-degree-worth-it/

Some important points made in this episode:

Average debt of 2014 U.S.four-year grad $33,000, more than $1 trillion outstanding
Average debt in Canada $26,000
The cost of university per student has risen by almost five times the rate of inflation since 1983, and graduate salaries have been flat for much of the past decade
Do colleges and universities post scientifically accurate numbers when quoting earnings figures relative to other education levels?
Is there an imbalance between theory-based educations (traditional 4-year degrees) and more skill-based options (technical colleges and co-op programs)?

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

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In this episode the panelists introduce themselves for the first time, and then have a discussion about financial philosophies, why it’s important to come up with a money philosophy of your own, and how your personal philosophy can help to guide your decisions about money.

https://moneymastermindshow.com/episode1-the-importance-of-figuring-out-your-money-philosophy/

Some important points made in this episode:

Having a philosophy about money is important to helping you live the lifestyle that you want.
It’s important to know where your money is coming and going.
Know what your values are, and what your immediate, short term and long term goals are.
Figure out how you can use your money to reach your goals, while living within your money values.
Know that your goals may change over time. Don’t forget to revisit them from time to time.

Panelists

Glen Craig | Free From Broke
Kyle Prevost | Young and Thrifty
Miranda Marquit | Planting Money Seeds
Peter Anderson | Bible Money Matters
Tom Drake | MapleMoney

Money Mastermind Show: Recent Episodes

Tom Drake, Miranda Marquit