Money Mile: Recent Episodes
Justin Waller
Designed for active people looking to be active throughout their lifetime. We break down complex financial topics into mile-sized bits of education to help you make decisions confidently.
We like to think of Money Mile as standing at the corner of triathlon and personal finance, and we believe that age group triathletes are the lifeblood of our sport.
This summer, we are going to take the opportunity to highlight some of our favorite “Questions on Course” segments from the last several months.
In this episode, we're going to bring back two of our favorite financial questions from listeners. We're going to focus on the creation of an income plan for retirement and general retirement planning.
You will want to hear this episode if you are interested in.* Welcome to Money Mile (00:00) * What assumptions can you make to plan better for retirement? (00:55) * Your visions for retirement? (02:38) * Strengths and weaknesses in your financial planning (03:07) * Common risks to be aware of (08:29) * Financial needs for different phases in retirement (09:35) * How do I create an income plan for my retirement? (12:30) * Create a system to organize your funds (15:22) * How your investment portfolio affects your retirement strategy (18:35)
Resources & People Mentioned* Building Your Financial Training Plan, Ep #21 – Waller FC
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Welcome to the Money Mile podcast. I'm your host, Justin Waller, and I am happy you are here. We like to think of Money Mile as standing at the corner of triathlon and personal finance.
This summer, we're taking the opportunity to highlight some of our favorite “Questions on Course" segments from the last several months.
In this episode, find out what I think of 403 B loans and Social Security for your retirement planning.
You will want to hear this episode if you are interested in...* Welcome to Money Mile (00:00) * How a 403(b) loan works (1:40) * Why get a 403(b), and alternatives to it (4:15) * What I think about social security (6:40) * Future of social security (8:30) * Benefits of Social Security (10:08) * My recommendation about Social Security (19:54)
Resources & People Mentioned* ssa.gov
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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This summer, we will take the opportunity to highlight some of our favorite “Questions on Course" segments from the last several months. In this episode, we are going to bring back focus on the retirement planning side of things. I share my thoughts and advice when someone says, “I’ll never be able to retire”.
You will want to hear this episode if you are interested in...* Welcome to Money Mile (00:00) * The 2-Phase problem for not being able to retire (01:30) * How to be aware of your financial options (02:35) * Four steps to reach your retirement goals (04:30)
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Today we have a special guest on the show, Cherie Gruenfeld. Cherie has been competing in triathlons for 33 years and completed her first Ironman triathlon when she was 48 years old.
She is currently the oldest woman to complete the Iron Man World Championships at the age of 78 and the Iron Man 70.3 World Championships at the age of 80.
She holds 14 Iron Man World Age Group titles and 5 Iron Man 70.3 World Age Group titles.
She is the founder and director of Exceeding Expectations, a nonprofit organization helping at-risk kids in San Bernardino graduate high school and further their education.
You will want to hear this episode if you are interested in...* Welcome to Money Mile (00:00) * How Cherie became interested in triathlon (01:44) * How Cherie Defines success (10:30) * A challenging race experience (12:00) * Triathlon expense tips (17:30) * Cherie’s non-profit, Exceeding Expectations (20:53) * Underrated aspect of Triathlon (32:30) * Why Cherie has enjoyed triathlon so long (35:50)
Resources & People Mentioned* Cherie Gruenfeld * Exceeding Expectations
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Mira Panek shares her joyful mindset about her success as a self-proclaimed “accidental athlete.” She tells us how she got involved in Triathlon, her training and racing experiences, as well as her volunteer coaching of teens in the sport.
Her story demonstrates how embracing opportunities can lead to fulfilling achievements. Similarly, embracing proactive strategies can enhance your financial joy. Today, I share resources to help you experience more enjoyment from your financial situation.
You will want to hear this episode if you are interested in... Welcome to Money Mile (00:00) * Resources for getting more joy from your finances (01:10) * How Mira got involved in triathlon (14:13) * Tips on how to get the most from your money as a triathlete (20:25) * Mira’s race finishes (24:10) * Misconceptions about the triathlon world (32:00) * Mira’s volunteer work with Fit2Bkids* (37:00)
Resources & People Mentioned* Fit 2 B Kids * Instagram * 2017 Article * Happy Money: The Science of Happier Spending: Dunn, Elizabeth, Norton, Dr Michael: 9781451665079: Amazon.com: Books * Die With Zero: Getting All You Can from Your Money and Your Life: Perkins, Bill: 9780358567097: Amazon.com: Books * Money Mile Breaking Barriers with Christina Dorrer
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Welcome to Money Mile. Today’s guest is Howard Freedman. Howard holds an MBA and has worked in various fields, including industrial engineering, consulting, education, payroll systems, and writing.
He transitioned into mentoring the younger generation, prioritizing honest financial guidance over profit-driven sales. His focus is on helping others make informed decisions with compassion and integrity.
You will want to hear this episode if you are interested in...* Welcome to Money Mile (00:00) * How Howard got started in the financial aid business (06:05) * What Howard considers underrated in college aid decisions (08:45) * Details on how Howard’s book can help families with the aid process (11:40) * Finding purpose versus passion (18:25) * How Howard defines success (20:28) * Is FAFSA always necessary? (24:30) * What is the Professional Judgement process? (35:05) * How to reach Howard (37:45)
Resources & People Mentioned Financial Aid Consulting * Making College Happen, By Howard Freedman*
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Meet Bob Babbitt, a true legend in the athletic and humanitarian worlds. As a Co-founder of the Challenged Athletes Foundation, Bob has helped transform the lives of thousands by making sports accessible to individuals with physical challenges.
His passion for storytelling shines through as the host of Babbittville Radio, where he shares inspiring conversations with endurance sports icons.
A celebrated figure in the triathlon community, Bob's dedication has earned him a place in both the USA Triathlon Hall of Fame and the Ironman Triathlon Hall of Fame.
You will want to hear this episode if you are interested in...* Welcome to Money Mile (00:00) * Four strategies to benefit financially while you give (01:10) * Introduction to Bob Babbitt (07:10) * How Challenged Athletes Foundation got started (08:35) * How is CAF defining success? (12:30) * Greatest challenges the organization faces today (18:30) * Inspiring stories of an open funding model (33:00) * What CAF has planned and how to get connected (49:24)
Resources & People Mentioned* https://www.challengedathletes.org * https://babbittville.com * Fundraise Your Way * Challenged Athletes Foundation - YouTube
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In this episode, we’re joined by Diana Hassel, a 25-time Ironman finisher with 14 age group podiums at Ironman Hawaii. Diana is also a professor of equine emergency surgery at Colorado State University and has transitioned into coaching triathletes, offering personalized training and a focus on nutrition.
Diana’s coaching journey began after friends sought her advice based on her success in the Ironman and 70.3 races. With a strong background in sports science, she now helps athletes of all levels through her platform, Hassel-Free Triathlon Training, offering a holistic approach to training and performance.
Tune in to hear Diana’s inspiring story, valuable triathlon tips, and insights on goal-setting, coaching, and training.
You will want to hear this episode if you are interested in...* Welcome to Money Mile (00:00) * I answer what type of business items are deductible (00:54) * How Diana Hassel got into triathlon (07:00) * How Diana defines success (08:45) * Diana’s tips with finances for triathlon (10:45) * How Diana trained for her 70.3 Boulder race (13:00) * What Diana thinks is underrated about Triathlon (21:23) * Diana admires Cherie Gruenfeld (22:35) * How to connect with Diana (31:07)
Resources & People Mentioned* Hassel-Free Triathlon Training * IRONMAN U * Tridot platform * Cherie Gruenfeld
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In this episode, Blake Anderson, a top real estate agent and endurance athlete, shares how his commitment to systems and relationships has led to success in both real estate and triathlon. From overcoming addiction to becoming a record-breaking ultramarathoner and innovating in real estate with a flat-fee model, Blake’s approach offers valuable insights for anyone looking to elevate their business or personal life. Tune in to learn how a strategic mindset can transform your work and training.
You will want to hear this episode if you are interested in...* A systemic approach to triathlon and real estate (00:00) * My answer to how much house you can afford (00:53) * Blake’s introduction to real estate (04:15) * How Blake got started in triathlon (05:30) * Systems and relationships applied to business and training (09:19) * Blake’s unique and successful real estate process (11:00) * How Blake became an expert in his neighborhood (22:26) * How Blake invests in his community (26:30) * How to connect with Blake (29:20)
Resources & People Mentioned* Flat Fee Home Sales * Sterling Grove Real Estate | Facebook
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Amy’s journey into the world of triathlons is a story of passion, perseverance, and inspiration. What began as a simple bucket list item in 2002 quickly turned into a lifelong pursuit that has shaped not only her physical fitness but also her personal growth. From her first Sprint race to completing multiple Ironman triathlons, Amy’s path is one of constant challenge and self-improvement.
Along the way, she’s been motivated by powerful personal stories and the desire to make a positive impact on others. In this episode, Amy shares the experiences and insights that have shaped her journey, including the reasons she races, her approach to health, and her advice for fellow athletes.
You will want to hear this episode if you are interested in...* Amy Woolsey’s Journey in Triathlon (0:00) * What are available health care options after retirement? (0:53) * My pro-tip to runners (6:00) * How Amy got started in triathlon (8:58) * How Amy defines success (11:45) * Finishing 3rd at Des Moines 70.3 (13:00) * Amy’s favorite aspect of being in a tri club (17:20) * Amy’s tips on nutrition and recovery (19:41) * What Amy wants the world to know about her journey (34:15)
Resources & People Mentioned* The Story of Team Hoyt * DuTri * Huma Energy Gels * TrainingPeaks Training Plans * Connect with Amy on Facebook
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In this episode, we explore the power of Heart Rate Variability (HRV) as a window into your heart health—and how you can improve it. Joining us from Norway is Dr. Torkil Faero, a seasoned General Practitioner and emergency physician with 26 years of experience. Dr. Faero has practiced medicine across Norway and in war-torn Angola with Doctors Without Borders, gaining a deep understanding of the human body under extreme conditions.
Beyond his medical expertise, Dr. Faero is a true renaissance man—an award-winning photographer, author, and documentary filmmaker. His latest book, The Pulse Cure, reveals how heart rate monitors and smartphones can unlock critical insights about stress, resilience, and the autonomic nervous system. With a passion for exploration, he has traveled to over 80 countries and speaks eight languages, bringing a global perspective to the conversation.
Tune in as we uncover how HRV can be a game-changer for your health—and how simple tools can help you harness its power.
You will want to hear this episode if you are interested in...* Welcome back to Money Mile (00:00) * How do I create an income plan for my retirement? (01:04) * Introducing Dr. Torkil Faero (12:45) * Lifestyle changes Dr. Faero took to get healthy (14:12) * What is heart rate variability and why we should watch it (17:00) * Applying HRV as a tool for preventative health (22:45) * Tips to increase health longevity (26:56) * Genetic component of HRV (34:58) * How long does it generally take to see HRV improvements? (46:10) * Dr. Torkil Faero’s new books (51:36)
Resources & People Mentioned* The Pulse Cure * BOOK: The Pulse Cure * Follow on Instagram
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Today, we’re joined by Kirsten Miller, a seasoned triathlete with over 22 years of experience and a board-certified sports nutritionist. Kirsten’s dedication to her family and her strategic approach to balancing training, racing, and home life have been the cornerstone of her longevity in the sport. Beyond her personal achievements, she’s passionate about helping endurance athletes optimize their health and performance through personalized nutrition strategies.
You will want to hear this episode if you are interested in...* Kirsten Miller’s Balance of Family, Triathlon, and Business (0:00) * How to ensure a stable and enjoyable retirement (00:50) * How Kirsten got started in triathlon (13:30) * How Kirsten defines success (16:24) * Kirsten’s best tips for triathlon expenses (17:45) * Kirsten’s experience racing Boulder 70.3 (19:50) * Kirsten’s nutrition business supporting triathletes: Nourish2Flourish (31:24) * Kirsten’s turning point in her racing experience (36:00)
Resources & People Mentioned* Kirsten Miller * Team in Training * Nourish2Flourish
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In today’s episode of Money Mile, we’re joined by Michele Cellai, a triathlete and nurse practitioner, to discuss her journey in triathlon and her career in health and wellness. Michele's passion for the sport started in the early 1980s after watching Julie Moss’s iconic Ironman finish, and she’s been racing ever since.
Michele also shares her work as a nurse practitioner focusing on lifestyle medicine, a holistic approach that treats chronic diseases through lifestyle changes such as diet, exercise, mindfulness, and better sleep. She is currently pursuing a certification in lifestyle medicine to help individuals improve their health through preventive care.
Michele opens up about her experiences with knee injuries, including a challenging 15-month recovery after tearing her meniscus in 2023. She emphasizes the importance of being patient with your body, maintaining strength, and focusing on long-term health. She also shares a dangerous experience at Ironman Arizona, where she faced a medical emergency during the swim, offering valuable insight into recognizing and responding to serious health issues in races.
Tune in for Michele’s inspiring story and learn how she balances triathlon, health, and wellness in both her personal and professional life.
You will want to hear this episode if you are interested in...* The best time to purchase long-term care insurance [00:43] * How Michele got interested in triathlon [8:37] * Michele’s work and certification in lifestyle medicine [9:37] * How Michele defines success [11:48] * Michele’s best financial choices in triathlon [14:02] * Michele shares local smaller races to support [17:20] * Michele’s near drowning incident during her race [21:00] * Turning point in Michele’s training [29:30] * What Michele would spend $100 on in triathlon [36:45]
Resources & People Mentioned* Cost of Long-Term Care * Connect with Michele on LinkedIn
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In this episode of Money Mile, I sit down with Carly and Tyler, the dynamic duo behind "Organic Coaching." They share the journey of how they built a thriving online coaching business that helps time-crunched triathletes balance training with their busy lives.
From their impressive athletic achievements to growing a community of over 6,000 members during the COVID-19 era, Carly and Tyler's story is a testament to the power of consistent effort and the right guidance.
They discuss what success means to them—not just in athletic terms, but also in the fulfillment they've found working together, running their own business, and maintaining a healthy work-life balance. Tune in to hear how their philosophy and coaching approach have transformed lives worldwide.
You will want to hear this episode if you are interested in...* Strategies for a gradual retirement portfolio [00:35] * How Carly and Tyler got started in their coaching business [9:25] * About their Facebook support group for triathletes [11:13] * Carly and Tyler’s athletic highlights [13:53] * What success means to Carly and Tyler [20:39] * Carly and Tyler’s best financial advice for the sport [26:32] * The most underrated aspect of triathlete from a coach’s view [33:40] * What Tyler and Carly want you to know [38:22]
Resources & People Mentioned* Organic Coaching * Organic Coaching on Facebook * Triathlon Training For Time Crunched Triathletes | Facebook
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Brittany Vermeer is a triathlete and seasoned sports journalist. As a freelance writer and editorial consultant, she collaborates with top publications like Triathlete Magazine, Outside Run, Ironman, and Xterra.
With six 70.3 triathlons under her belt, two World Championship qualifications, and her first full-distance Ironman completed in 2003, Brittany brings unparalleled expertise to the world of endurance sports.
In this episode, Brittany shares her journey from horse show championships to triathlons and discusses her blog, TripleThreatLife, where she offers practical tips and resources for fellow athletes.
During the Questions-on-Course segment, I also provide actionable advice for reducing student loan debt with the help of a specialized financial planner.
You will want to hear this episode if you are interested in...* My advice for navigating student loan debt [0:55] * How Brittany got started in triathlon [5:20] * How Brittany became a sports journalist [7:44] * How Brittany defines success [13:13] * Brittany’s experience volunteering in her local tri-club [14:54] * Her best investment in triathlon [17:00] * Brittany’s Blog to help triathletes [19:55] * What Brittany wants people to know about her journey [35:10]
Resources & People Mentioned* Student Loan Planner - Get a Plan to Pay Off Your Student Loans * Triple Threat Life * Instagram * Brittany on LinkedIn * Brittany’s episode on The Inventory Genius Podcast
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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We’re thrilled to welcome back Rebecca “Beaker” McKee to share her incredible journey at the Ironman Championship in Nice, France, where she placed 12th. In this episode, Beaker opens up about her experience with the course, the unique challenges of competing in Nice, and how it compares to her past races in Kona.
But this isn’t just a story about triathlons—it’s about resilience. Beaker shares her deeply personal battle with health challenges, including undergoing a full hysterectomy. She reveals the physical and emotional toll it took on her, her determination to recover, and how she found her way back to the sport she loves.
You will want to hear this episode if you are interested in...* How I think you should consider social security in your financial planning [0:48] * You should be aware of these potential changes to social security [11:30] * Beaker shares how having a full hysterectomy affected her [16:45] * What Beaker hopes Ironman will do in the future for triathletes [33:30] * Concerns and what was impressive about Nice, France’s courses [40:28] * Comparing the financial costs of competing in Kona vs Nice [46:00]
Resources & People Mentioned* Rebecca Beaker McKee * Peak Fitness Center * IRONMAN France Nice - Anything is Possible * The United States Social Security Administration | SSA
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Today, I'm joined by Dana Bullard, a former marathon runner turned accomplished triathlete. Dana has completed 26 Ironmans, including six finishes at Kona. After years as a competitive runner through high school, college, and into her post-grad marathon career, she began to feel burnout creeping in.
When a colleague invited her to try a sprint triathlon, Dana placed third—even with limited biking and swimming experience. Rediscovering the joy of competition, she embraced triathlons for their variety and the challenge to continually improve. In this conversation, Dana shares her journey to success, her strategies for overcoming obstacles, and the support system that keeps her going.
You will want to hear this episode if you are interested in...* What success means to Dana [3:37] * The best and worst investments Dana made in the sport [5:40] * Dana shares her experience winning first place in an Ironman [10:41] * What Dana thinks most triathletes should know [15:00] * Dana’s unique independent training “community” [20:00] * Who Dana admires most in the triathlon sport [22:23] * Overcoming surgery for tumor and partial liver removal [30:05] * What to do to improve your retirement nest egg [34:45]
Resources & People Mentioned* Dana Bullard * Blake Bullard * Scott Lott * Project Podium
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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What if syncing your workouts to your menstrual cycle could mean the difference between podium finishes and painful struggles? Kateryna Moisyeyeva—widely known as Coach Kat —has lived it. After escaping an abusive marriage and starting from scratch in triathlon, she turned personal trauma into elite-level achievements and a groundbreaking approach to coaching women.
In this episode, I talk with Coach Kat about her emotional journey, how she transformed setbacks into strength, and why she believes women are setting their goals too low. We also dive deep into nutrition, the real impact of transitions, and why financial independence is a race worth training for.
You will want to hear this episode if you are interested in...* Amy's story: The friend who sparked everything [2:20] * From partner to CKTri Team [6:08] * How cycle-synced training boosts female performance [13:16] * Tackling perimenopause and adjusting for success [27:29] * Coach Kat’s picks for $100 gear [35:29]
Resources & People Mentioned* TrainingPeaks * CKTri Team * Gulf Coast 70.3 Triathlon * Triathlete Magazine - Article about Coach Kat’s story * How Menstrual Cycle Tracking Can Revolutionize Female Athlete Training * The Effects of Contraception on Female Athletes’ Performance
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In this episode, I sit down with Kirsten McCay, a triathlete, coach, and personal trainer excelling in both endurance sports and motherhood. She’s won her age group at the 70.3 North American Championships twice, even after spinal surgery—showcasing her resilience and mental toughness.
Kirsten talks about balancing intense training with parenting, using creative solutions like stroller runs and nap-time workouts. She also shares her coaching approach, helping busy clients make steady progress.
You will want to hear this episode if you are interested in...* How Kirsten got started in triathlon 25 years ago [01:40] * How Kirsten defines success and balance in life [03:43] * Debunking the myth that expensive gear is key to performance [08:30] * Mental strategies help Kirsten tackle challenging courses [13:40] * Triathlon fosters personal growth beyond physical fitness [23:16] * Kirsten’s turning point was when she committed fully to qualifying for Kona [26:40]
Resources & People Mentioned* Progressive Evolution Coaching – Kirsten’s coaching business that helps athletes with busy schedules and ADHD achieve their goals * Westminster Waves Swim Team – Kirsten’s summer swim team for kids
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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What does the home-buying process look like? How do you navigate interest rates? What type of loan best suits your needs? These are just a few of the questions David Gulbransen is uniquely qualified to answer.
David is a loan officer in Northern California whose focus is providing the best communication, service, product knowledge, and transparency to his clients and partners. His hands-on approach quickly forms a comfortable relationship and leads to a stress-free lending process.
In this conversation, David tackles common questions that new homebuyers ask in a way that everyone can understand.
You will want to hear this episode if you are interested in...* Learn more about David Gulbransen [0:19] * How is real estate lending different now? [1:46] * What the process looks like for homebuyers [3:00] * Interest rates and their impact on homebuyers [8:58] * Tips to get your finances in better shape for a home purchase [16:21] * Why is refinancing gaining popularity? [21:50] * Who is the right fit to work with David? [23:21] * How to use gifted money for a down payment [26:02] * David’s biggest accomplishment [27:19] * David’s experience with construction loans [29:00] * How much house can I afford? [32:53]
Resources & People Mentioned* AnnualCreditReport.com
Connect with David Gulbransen* David Gulbransen: Loan Officer | NMLS 1865199 | Access Real Estate Lending * david@accessloans.net
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Ollie has been a running and strength coach in the fitness industry for over a decade. He’s an avid runner who enjoys everything from 5ks to ultramarathons. He’s worked with triathletes and has a wealth of knowledge on athletic conditioning.
He is also the host of, “Training to Endure,” a podcast that shares interesting stories and interviews about training and athletic reflection. In this episode of Money Mile, Ollie shares how he became a running coach as well as his philosophy and advice on fitness.
You will want to hear this episode if you are interested in...* How Ollie got started in coaching [1:23] * How Ollie defines success [7:15] * The best and worst investments Ollie has made [9:05] * How Ollie got his podcast started [13:30] * What is Ollie’s coaching philosophy [15:30] * When I think you should start saving and investing [28:00]
Resources & People Mentioned* @olliemccarthy | Liinks * The Original Fan Dance Race Series * Instagram: @olliewmccarthy * Apple Podcast: Training to Endure Podcast * Spotify Podcast: Training to Endure Podcast * YouTube * Email: ollie(at)mccarthysf.com
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Lisa Bishop is a four-time qualifier for the Ironman 70.3 world championships and a two-time age-group winner for the 70.3 distances. She's also a wife, mom, full-time employee, and competitive athlete. Lisa shares her story about starting in triathlon and how she balances and manages her athletic hobby and work and home life.
You will want to hear this episode if you are interested in...* Lisa Bishop’s origin story [1:00] * How Lisa defines success [5:30] * Lisa’s best investment in her athletic career [8:40] * Tips to success from Lisa [18:20] * Should you be concerned about today's economy? [34:10]
Resources & People Mentioned* Lisa (@lisa11.6) • Instagram photos and videos * The Gap and the Gain by Dan Sullivan, Dr. Benjamin Hardy * Coaches - Upgrade Lifestyle
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Those of us with families and an active lifestyle may find it challenging to find time to read. The opportunity to listen to audiobooks is one ancillary benefit of training.
In this episode of Money Mile, you’ll hear 5 audiobook recommendations with valuable financial information. If you’re looking for your next read (or listen) you won’t want to miss this opportunity to add these to your wishlist.
You will want to hear this episode if you are interested in... The joys of audiobooks [1:22] * The Psychology of Money [3:20] * The Random Walk Down Wall Street [3:55] * Profit First [4:35] * Start with Why [5:41] * Happy Money [6:40] * Simple Wealth, Inevitable Wealth* [7:41]
Resources & People Mentioned BOOK - The Psychology of Money by Morgan Housel * BOOK - The Random Walk Down Wall Street by Burton Malkiel * BOOK - Profit First by Michael Michalowicz * BOOK - Start with Why by Simon Sinek * BOOK - Happy Money by Ken Honda * BOOK - Simple Wealth, Inevitable Wealth* by Nick Murray
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Have you ever wondered what it would be like to become a pro triathlete? Laura “Sid” Siddall did just that.
Laura has spent the past 10 years competing professionally all around the world. She joins me today to discuss her professional triathlon career, her involvement in various nonprofit organizations, and the key differences between men's and women’s triathlon culture.
Don’t miss this unique perspective from a longtime female professional athlete. Listen to hear Sid’s insights.
You will want to hear this episode if you are interested in...* How Sid got started in triathlon [3:22] * How she defines success today [13:26] * Where the motto “don’t die wondering” came from [16:38] * Best investment [19:51] * More about Women’s Sports Trust [29:21] * Key differences in the women’s triathlon culture [34:20] * My thoughts on 403B loans [41:03]
Resources & People Mentioned If We Were Riding podcast * BOOK - Rebel Ideas* by Matthew Syed
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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As a sub-9 Ironman, Parker Kerth is hard to beat. This NVDM senior triathlon coach is a podcaster and all-around athlete.
In this episode of Money Mile, you’ll hear how he got started coaching and how he uses data to up his game.
Make sure to stick around until the end to hear today’s Question on Course: How do you factor in finances with a blended family? Press play to get started.
You will want to hear this episode if you are interested in...* Why Parker started his podcast [1:22] * How Parker got started in triathlon [2:40] * How Parker got into coaching [10:50] * What it means to be a senior triathlon coach with --- [15:45] * The role of AI in triathlon coaching [19:07] * How he defines success [20:56] * The best investment he has made in his athletic career [26:10] * An example of how his coach has helped him [33:20] * How to know when a coach is a good fit for an athlete [35:52] * Where you can find Parker [41:40] * Questions on course [44:15]
Resources & People Mentioned* Parker on Instagram * Parker on Youtube * Parker the Trainer * NVDM Website * The TriHards podcast on Spotify
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Are you tired of trying all kinds of different tech solutions to manage your cash flow?
Or maybe you’re still burying your head in the sand and simply crossing your fingers that your expenses will be less than your income this month.
The biggest challenge people have with their cashflow is their lack of spending awareness. This is because, for most people, rather than developing a proper spending plan they let their expenses happen to them.
If you want to build wealth you’ll need to take the reins and increase your cash flow awareness.
In this episode, you’ll learn how to build a foundation that allows you to plan your spending and build a solid cash reserve. Press play so that you can stop letting your spending take away your financial freedom.
You will want to hear this episode if you are interested in...* A spending plan overview [2:02] * Setting up your cashflow system [2:45] * Pro tips for accounts set up [7:35] * How to maintain the system [13:20] * Do this each week [16:15] * Your homework [18:55]
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Many of you have heard of the famous 60-40 portfolio, but is it a realistic portfolio distribution? I recently had a listener ask this question.
In this episode of Money Mile, we’ll explore what it means to save for retirement and how the accumulation and decumulation phases differ. Then we’ll dive into the nitty-gritty of portfolio distributions.
So, grab your earbuds and running shoes and press play to share a mile with me to learn more about portfolio distributions.
You will want to hear this episode if you are interested in...* How many Americans rely on Social Security [1:42] * Where the 60-40 rule came from [3:35] * How the distribution phase is different from accumulation [5:53] * How to diversify your investments [8:51] * The way I try to balance my life [11:10]
Resources & People Mentioned* Social Security statistics * The US median income
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In today's episode of Money Mile, you’ll learn about my process for updating my clients' and my own retirement income projections to get a sense of the process I follow when helping clients.
Are you ready for your mile-sized bit of financial education? Click play to get started.
You will want to hear this episode if you are interested in...* The primary steps in developing your retirement income projection [1:42] * A glimpse behind the curtain [3:51] * Why we use Roths [6:07] * Your homework [11:18]
Resources & People Mentioned* Design My Money Machine * Episode 52 - Breaking Barriers in Multi-Sport with Christina Dorrer * Episode 28 - A Look Behind the Curtain
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Do you ever think about the future of triathlon? It lies with the next generation.
Christina Dorrer is an inspirational triathlete who is breaking the barriers of multisport so that kids from all walks of life can participate.
In this episode of Money Mile, you’ll hear a bit about Christina’s accomplishments, but also about those of the kids she has been training through her nonprofit Fit 2 B Kids.
If you are excited about the idea of getting kids into triathlon, you won’t want to miss this episode!
You will want to hear this episode if you are interested in...* How Christina got started with triathlon [1:22] * The best investment she has made in triathlon [4:56] * Why Fit 2 B Kids is revolutionary [7:38] * How Christina found this cohort of athletes [12:52] * The benefits of contributing to a501C [20:33] * How to invest in the future of the sport [28:20] * How to support Christina and Fit 2 B Kids [35:31]
Resources & People Mentioned* Fit 2B Kids * Endurance 2 Perform * Christina on Instagram
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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As triathletes, we are naturally competitive–we like to win! However, winning in a race is much different than winning with money.
Finances can cause abundant stress in life, but there are ways that you can design your life so that you win with money.
In this episode, you’ll learn five ways to win with money, so grab your earbuds and training shoes and press play as you set off on your long steady run.
You will want to hear this episode if you are interested in...* Stress about money [1:32] * Top 5 ways to win with money [5:25] * Have a spending plan [7:57] * Use your resources wisely [12:55] * Respect your vulnerability [15:35] * Develop a winning perspective [18:51] * Your homework [22:44]
Resources & People Mentioned* Money stress * Main causes of stress * Chronic stress * Relieve stress * USNews article on retirement age * World Bank economic data * Exercise longevity study
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Kathy Grady has been involved with triathlons for more than 20 years. She won her age group at the Des Moines 70.3 and even finished 3rd in her age group at the Oregon 70.3–with an injury!
This extraordinary athlete and high-performing coach is here to discuss her journey in triathlon, her experience with coaching, and how she is actively overcoming injury.
Do you ever have any questions for Money Mile? We are now incorporating a Questions On Course segment where I answer your questions with practical responses that everyone can learn from. Make sure to stick around until the end of the episode to hear my response to today’s question.
You will want to hear this episode if you are interested in...* How Kathy got into triathlons [1:22] * How Kathy defines success [5:03] * How she prepared for the Oregon 70.3 [6:40] * What’s going on with her injury [9:25] * How she runs her training programs [12:35] * What the most underrated part of training is[15:55] * What she’s doing for her athletes [18:22] * Kathy’s biggest mistake in training [23:17] * A turning point in her training [26:09] * What she would buy for $100 [30:22] * What she would like the world to know about her journey in triathlon [33:49] * Questions On Course [40:33]
Resources & People Mentioned Train with Kathy - kathy.grady@sanfordhealth.org * BOOK - Happy Money* by Ken Honda
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Jamie So has participated in 19 Ironmans and over 70 half-Ironmans. She has even raced the Eagleman 70.3 for 18 consecutive years.
Are curious to hear how Jamie has accomplished competing in all of these races? Click play to find out.
You will want to hear this episode if you are interested in...* How she got started in Ironman [2:22] * How Jaime defines success [8:25] * Best investment [12:21] * Her experience with the Eagleman [17:44] * How she has managed to complete so many races [21:40] * The most underrated aspect of triathlon [24:41] * Her biggest mistake during training [29:20] * The turning point in her training [35:50]
Resources & People Mentioned* Jamie’s physical therapy practice - Manual Therapy
Connect With Justin Waller* https://WallerFC.co * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Science educator and health and wellness coach, Dr. Denise Allen joins me today to discuss her incredible healing journey back to becoming a top-tier triathlete.
Not only has she had the opportunity to race at the 2023 World Triathlon Championships, but she also received the 2022 USAT Multisport Most Inspirational Comeback Award. Denise’s story will inspire you to push yourself to your fullest potential by choosing courage over fear.
Remember, to get the full show notes delivered directly to your inbox, don’t forget to subscribe to the Money for the Long Run newsletter.
You will want to hear this episode if you are interested in...* How Denise got started in triathlon [1:22] * How she defines success today [2:41] * The best investment she has made in her triathlon career [3:39] * How Denise prioritizes sleep [8:23] * How she improved by 18 minutes in Maine this year [10:48] * Why she won the 2022 USAT Multisport Most Inspirational Comeback Award [21:46] * The most underrated aspect of triathlon [27:50] * Denise’s biggest mistake in workouts [29:45] * Her strongest component of triathlon [32:44] * Turning points in her career [35:10] * Her educational background [38:55] * Women’s triathlon culture [40:14] * The biggest waste of money she has spent on triathlon [43:01]
Resources & People Mentioned Rudy Bike Helmets * Bisaddle * SleepMe Chilipad * BOOK - Mindsight* by Dan Siegel * @DrDeniseAllen on Instagram * DrDeniseAllen.com
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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How can you perform at a top level in your triathlon? Learn from those who are doing their best!
In this episode of Money Mile, we explore the intersection of triathlon and finance with Rebecca McKee. Rebecca has learned how to overcome obstacles to do her very best. She shares her journey by discussing her experiences and challenges in this open conversation. Listen in to learn what you can do to maximize your training.
You will want to hear this episode if you are interested in...* How she got started in triathlon [2:22] * How she defines success [5:49] * The best investment she has made [9:19] * The importance of nutrition [13:48] * How she managed to drop 9 minutes in a year [22:18] * How she improved her Oregon race [32:21] * How she handled Finland [34:24] * How she’s feeling about her upcoming Kona race [38:26] * Biggest mistakes in triathlon [48:17] * Women’s triathlon culture [51:44]
Resources & People Mentioned* Coach Rebecca on Instagram * Rebecca McKee on Instagram * Peak Alaska on Facebook * Peak Center * Cliff English Coaching
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Total Body Fitness creates a positive impact on over 6000 athletes each year! However, Total Body Fitness doesn’t just put on races they also introduce and train new athletes in the sport of triathlon.
On this episode, Mark Shaw and Bill Driskill join me to discuss how they have been spreading the sport of triathlon to the world for over 30 years. Listen in to learn how they help people overcome barriers to create lifelong athletes.
You will want to hear this episode if you are interested in...* Bill and Mark’s roles at Total Body Fitness [1:22] * What Total Body Fitness is [3:20] * The biggest challenges for new triathletes [7:45] * How to help people get over their fears of water [11:30] * What they are most excited about in the world of triathlon [20:38] * The future of triathlon [27:13] * What they are looking forward to in the year ahead [31:47]
Resources & People Mentioned* Total Body Fitness * Total Body Fitness on Instagram * Total Body Fitness on Facebook
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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If you have listened to Money Mile lately, you have probably heard our financial training plan episodes. It’s finally time to wrap them up now that we have taken a dive through the main financial planning topics at the sprint, Olympic, and long course levels.
In addition, we’ll discuss what’s coming next for the show, so listen in to hear what you can expect in future episodes of Money Mile.
Make sure to scroll down to the bottom for itemized episode numbers from the financial training plan episodes so that you can complete the homework!
You will want to hear this episode if you are interested in...* What lies ahead on Money Mile [1:22] * Estate planning [3:16] * Risk management [4:18] * Income planning [6:00] * Investment management [7:12] * Tax planning [8:23] * Your homework [10:01]
Resources & People Mentioned
- Estate Planning - Episode 22, Episode 29, Episode 35
- Risk Management - Episode 26, Episode 32, Episode 37
- Income Planning - Episode 23, Episode 30, Episode 39
- Investments - Episode 25, Episode 33, Episode 41
- Tax Planning - Episode 24, Episode 31, Episode 43
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Here at Money Mile, we love to shine the light on good people doing great things in the sport and our guest today is so positive that her own light shines through on this episode.
Pam Coley is a successful small business owner, mother, grandmother, and an average person who enjoys triathlon. On this episode, you’ll hear how she got into the sport, her tips for dealing with race day anxiety, and all about her road to Kona.
You won’t want to miss out on feeling Pam’s inspirational presence. Press play to hear the interview.
You will want to hear this episode if you are interested in...* How she got started in triathlon [2:12] * How Pam defines success now [4:52] * How she prepared for Chatanooga 70.3 [8:55] * The most underrated aspect of triathlon [17:41] * Strengths and weaknesses in triathlon [19:56] * A turning point for her in triathlons [26:13] * The best part of women’s triathlon training [28:15] * Who she admires most in the sport [29:37] * Biggest investment that worked well and that was a waste of money [34:40]
Resources & People Mentioned* Multisport Performance * All3 Realty * Aftershokz * Training Peaks * Skratch Labs
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In today's episode, we will finish the tax planning portion of your financial training plan at the long-course level.
We can compare this to the technique and efficiency work in your triathlon training plan.
To help you keep more of your resources throughout your lifetime, we want to ensure your tax strategy is well-designed.
My goal today is to give you some practical concepts to consider to improve the tax efficiency of your financial plan.
You will want to hear this episode if you are interested in...* Using how much you paid in taxes last year to calculate your lifetime tax bill [1:42] * Common tax myths [4:38] * Shadow taxes [5:33] * Your homework [10:18]
Resources & People Mentioned Episode 31 - Income Tax Planning – Olympic Level * Episode 42 - How to Avoid Overpaying Your Taxes with Steven Jarvis * BOOK - Don’t Get Killed By Taxes* by Steven Jarvis
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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If you want to learn how to improve the amount you pay in taxes you won’t want to miss this episode.
Steven is the CEO and Lead CPA at Retirement Tax Services, an active former triathlete turned OCR racer, host of the first annual Retirement Tax Services Tax Summit, host of The Least Boring Tax Podcast, and author of Don’t Get Killed by Taxes, so he is a wealth of information on all things taxes.
In this episode, Steven and I discuss his athletic endeavors as a triathlete and OCR racer, how he became a CPA, and what we can all do to pay less in taxes. Don’t miss out on this fantastic conversation with Steven Jarvis.
You will want to hear this episode if you are interested in...* Steven’s road to becoming a CPA [2:52] * Why he wrote his book [4:00] * Steven’s athletic career [5:21] * How he defines athletic success [9:00] * His current career pursuits [10:55] * How to reduce the sting of an expensive hobby [14:24] * How winnings are viewed by the IRS [19:56] * How to know if you are paying too much to the IRS [23:52] * Tax surprises [29:30] * How to follow Steven [31:29]
Connect with Steven BOOK - Don’t Get Killed by Taxes* by Steven Jarvis * The Least Boring Tax Podcast
Connect with Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Your investment portion of your financial training plan is similar to the strength training you do in your physical training plan. My goal is to ensure that your investments are strong enough to support you so that you can live your best life.
In this episode of Money Mile, I’ll share two concepts that you can implement in your investment portfolio to strengthen your financial plan. Listen in to hear how you can beef up your investments to optimize your life.
You will want to hear this episode if you areinterested in...* Why you should rebalance regularly [2:32] * How often you should rebalance [5:46] * Dividends, income, and capital gains [8:30] * The type of account determines tax ramifications [10:24] * Your homework [12:41]
Resources & People Mentioned* Episode 40 - How Triathlon Fosters Community with Allison Trucillo * Episode 33 - Investment Strategy – Olympic Level * Episode 31 - Income Tax Planning – Olympic Level
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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On this episode of Money Mile, I had the opportunity to chat with Allison Trucillo–a mom, a physician, and a triathlete. In this episode, we discuss how Allison got started in the sport, what she considers her best investment in triathlon, her accomplishments, and so much more.
Listen in to hear how this dedicated triathlete made it to the World Championships in only her second year of racing.
If you’d like the show notes delivered directly to your inbox, make sure you are signed up for the Money for the Long Run newsletter. In addition to the show notes from every episode, you’ll receive other valuable resources to help you reach your financial goals.
Head over to WallerFC.com and scroll to the bottom of the page to sign up.
You will want to hear this episode if you are interested in...* How she got started [2:24] * How she defines success [4:33] * Best investments [6:43] * How she achieved her success at the Texas 70.3 [11:31] * Her favorite race [22:56] * How she qualified for world championships the first time [27:34] * The key difference in women’s triathlon culture [33:08] * Her A-race [37:35] * Her biggest triathlon waste [40:01] * What she listens to while she’s working out [43:51]
On this episode of Money Mile, we are wrapping up your financial training plan by looking at retirement income at the long-course level. I equate a retirement income strategy with the nutrition and hydration component of triathlon training.
Many of us have experienced a nutrition-related “bonk” in a race or a long training session. My goal with this podcast is to prevent you from “bonking” financially in retirement. Press play to learn what you can do to avoid bonking your retirement.
You will want to hear this episode if you are interested in...* Figuring out your actual retirement spending goal [2:22] * Why you may not want to use a sustainable withdrawal rate [7:21] * Understanding dynamic retirement income strategies [10:20] * Creating your legacy plan [12:10] * What to do with this information [15:48] * Your homework [18:52]
Resources & People Mentioned* Episode 30 - Cash Flow - Olympic Level * Episode 16 - 5 Ways to Maximize Your Pension
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Jenn O’Keefe isn’t afraid to break free of her comfort zone. In this episode of Money Mile, you’ll hear Jenn’s story, the challenges she’s faced, her ups and downs, her proudest moment in triathlon, and so much more.
Jenn even opened my eyes to a new triathlon challenge I had never considered before. Listen in to hear what it is.
You will want to hear this episode if you are interested in...* How Jenn got started in triathlon [2:22] * What success looks like for Jenn right now [5:43] * How Jenn was able to improve so much over last year [8:32] * The best investment [11:22] * The most underrated aspect of triathlon [16:14] * Her favorite triathlon [21:00] * Most proud [25:11] * Her A race [32:55] * Jenn’s triathlon journey [35:06]
Resources & People Mentioned* Equinox Sports Club * Training Peaks app * Zwift * Trainer Road * Wahoo Kickr * Coach Sherry Boston Rennard
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In life, you need to have a backup when things don’t go according to plan. In your training we call this a contingency plan, in life, we call this risk management.
In this episode of Money Mile, we’ll dive deep into the dangers of the infinite banking strategy–one risk management strategy posing as a good investment strategy. Listen in to learn why banking on yourself isn’t always the best bet.
You will want to hear this episode if you are interested in...* Using insurance to retain, share, or transfer risk [1:42] * The risks of the bank-on-yourself strategy [3:02] * Similar investments [7:11] * Why these policies have significant surrender charges [10:53] * Your homework [14:10]
Resources & People Mentioned* Episode 32 - Risk Management - Olympic Level
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Since Money Mile stands at the corner of triathlon and personal finance we like to highlight the age group triathletes who are the lifeblood of our sport. In our interviews, we’ll shine the light on good people doing great things.
In this interview with Julie Dunkle, you’ll hear about her journey with triathlons, her winning spirit, and her recent challenges. Learn how Julie is adapting through adversity and showing the Ironman spirit through hard times.
Drop your shoulder blades into your back pockets, pick your eyes up, make sure you have a nice forward lean from the ankles and press play to hear this conversation during your long, steady run.
You will want to hear this episode if you are interested in...* How Julie got started in triathlon [1:22] * What she is most proud of [5:45] * What does success mean to her [6:30] * Injury [9:42] * Best investment [16:44] * She started coaching as a side hustle [18:51] * How she builds community through coaching [22:50] * Don’t sweat the small stuff [24:33] * Any turning points [32:19] * The best part of triathlon level [34:00] * What to know about Julie [37:56]
Resources & People Mentioned* NYX Endurance * Julie on Instagram * Julie on Blogspot
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Here at Money Mile, we help active, time-crunched people increase their confidence in their finances while increasing their fitness. We focus on educating runners and triathletes who are looking forward to an engaged, phased financial independence and who are ultimately interested in leaving a meaningful legacy.
Today, we’ll focus on the legacy aspect of financial planning. We have discussed estate planning already at the sprint distance and Olympic levels, but as with triathlon, the way you prepare for each race is different depending on your course. Come join me in learning about estate planning at the long course level.
You will want to hear this episode if you are interested in...* Estate taxes explained [2:02] * Strategies for avoiding estate taxes [4:22] * Using a forgivable loan [7:35] * The costs of estate planning [10:14] * Your homework [11:21]
Resources & People Mentioned* Episode 22 - Estate Planning - Sprint Distance * Episode 29 - Estate Planning - Olympic Level
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Since Money Mile stands at the corner between triathlon and personal finance, we want to take the opportunity to highlight some amazing triathletes who are doing great things to further the sport.
On this episode of Money Mile, you’ll hear from our first special guest–Cathy Casey. Cathy shares how she levels up her triathlon experience, builds her confidence, and helps others improve their performance on race day. Make sure to stick around until the end of the episode to hear about a special cause that Cathy is involved in that is near and dear to her heart.
You will want to hear this episode if you are interested in...* How Cathy got started as a triathlete [2:52] * How she recently improved her times [7:34] * How she is preparing for Kona [13:49] * How Cathy defines success right now [18:31] * Cathy’s thoughts on the best training investment [20:55] * The most underrated aspect of triathlon [23:51] * Cathy’s coaching experience [25:51] * Hacks for mental coping [28:20] * Cathy’s favorite triathlon [32:10] * Cathy’s work with Meat Fight [33:13] * Cathy’s favorite training music 37:46] * Tips for improving your training [43:06] * How to find Cathy [46:19]
Resources & People Mentioned* CoachCathyCasey.com * @CoachCathyCasey on Instagram * MeatFight.com * Rogue Running
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Let’s face it, sometimes personal finance can seem like a foreign language. However, understanding your finances is essential to living the life you want. On this episode of Money Mile, we’re going to level up your understanding of investment management.
If you feel like you need more of a basic tutorial on investments, check out episode 25 first to get the basics down.
In this episode, you’ll learn about risk tolerance and using model portfolios to manage your investing. Press play to reframe your thinking on investing.
You will want to hear this episode if you are interested in...* Understanding risk tolerance [2:22] * Using model portfolios to help you with your investments [5:37] * Homework [9:54]
Resources & People Mentioned* Episode 25 - Investments * NAPFA.org * XY Planning Network * Model Portfolios
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Even the best-laid plans veer off course occasionally. As a triathlete, you probably know all about things going wrong in a race. If you haven’t had to change up your race plan in the middle of a race, you probably know someone who has.
In the same way, you need a contingency plan for your triathlon, you need a contingency plan for your finances. In this episode of Money Mile, we’re going to level up the risk management aspect of your financial training plan. Listen in to hear what you need to consider beyond insurance.
You will want to hear this episode if you are interested in...* Adapt to changing circumstances [2:32] * A risk management example [5:38] * Can you impact change [8:20] * Optionality [10:55] * The homework [13:06]
Resources & People Mentioned* Episode 26 - Contingency Planning: The Risk Management Aspect of Your Financial Training Plan * Episode 25 - Investments: The Strength Training Component of Your Financial Plan
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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If you listened to episode 24 you already understand the basics of income tax planning. Today we’re going to kick it up a notch by discussing additional income tax information that will help you increase your tax efficiency.
You will want to hear this episode if you are interested in...* Changing tax laws [1:42] * The differences between traditional and Roth retirement accounts [5:38] * State income taxes [7:55] * Your homework [9:53]
Resources & People Mentioned* Episode 24 - Your Efficiency with Income Tax Planning
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In episode 23 we discussed cash flow at the sprint distance level of training. In that episode, you learned that you shouldn’t spend more than 30% of your income on housing and you should be saving 20% of your income each month.
On this episode of Money Mile, we’re going to level up the cash flow component of your financial training plan. Listen in to learn how you can improve your cash flow with some best practices you can’t miss.
You will want to hear this episode if you are interested in...* Spending money monthly on a depreciating asset [1:22] * Monthly cashflow hates variability [3:48] * The importance of cash reserves [5:55] * Homework [9:05]
Resources & People Mentioned* Episode 23 - Cash Flow Guardrails * Episode 26 - Contingency Planning: The Risk Management Aspect of Your Financial Training Plan
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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James Brown passed away in 2006* with a $90 million estate yet, because it was contested, it wasn’t until 2021 that his final wishes were realized. I don’t want this to happen to you!
This is why, on this episode of Money Mile, we’re diving deeper into estate planning. In episode 22 we covered estate planning at the sprint level and today we’re leveling up to explore this area in further detail at the Olympic level. Learn what you need to know to take your estate plan to the next level–press play now.
You will want to hear this episode if you are interested in...* Making your estate plan more official [3:42] * How often to review your estate plan [4:45] * How to give better direction [5:53] * Efficiency vs. sufficiency [9:43] * Your homework [12:24]
Resources & People Mentioned* Episode 22 - Estate Planning – Sprint Distance * James Brown’s Estate * California Advanced Healthcare Directive * How to find an advanced healthcare directive outside California * Health IQ - Life insurance for triathletes
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Do you remember that scene in Wizard of Oz where the wizard says, “Pay no attention to the man behind the curtain?” We then learn that the all-powerful Wizard of Oz was really just a random dude with some technology.
So that you don’t think I am simply a random dude with a bit of technology, today, I’ll give you a glimpse behind the Money Mile curtain.
In this episode, you’ll learn about my financial independence (FI) goals and how I got here. Hopefully, this peek into a financially independent middle-class family will give you a deeper understanding of how you can achieve your own financial independence.
You will want to hear this episode if you are interested in...* What is really going on behind the curtain [2:02] * What our financial independence looks like [4:00] * Our flexible lives [7:10] * How we got here [9:02] * Where we go from here [11:11] * The homework [12:25]
Resources & People Mentioned* Design Your Money Machine
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Where are you going? How are you going to know how to get there?
You won’t know where you are going financially unless you have considered your goals. When you are done listening to this episode, I want you to feel confident about your financial goals.
If you are new to the Money Mile podcast, welcome! This is the number one financial podcast designed for triathletes and runners. I’m here to help you increase your understanding of personal finance while improving your fitness.
Press play to enjoy while you are out on your long, steady run.
You will want to hear this episode if you are interested in...* How we have come this far into personal finance without discussing goals [1:52] * Smart goals [3:33] * An example of my SMART goal [6:50] * Evolution of my goals [9:28] * Take action [11:33]
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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You wouldn’t start a race without a flat repair kit for your bike. In the same vein, you’ll want to make sure that you are protected against the various risks that life involves.
On this episode of Money Mile, we’ll consider risk management and how to come up with a contingency plan for the random financial issues that could arise to throw you off course.
Join me for a mile-sized bit of financial education that can help you stay on track on your road to financial independence. Press play to get started.
You will want to hear this episode if you are interested in...* The 5 primary financial risks [4:42] * The likelihood and impact of various risks [6:35] * Managing primary risks [9:19] * Long-term care with or without insurance [13:13] * Your homework [14:25]
Resources & People Mentioned* Investments: The Strength Training Component of Your Financial Training Plan, Ep #25
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Thinking about investments can feel daunting in the same way that strength training can. When you finish listening to this episode you’ll feel empowered to think about investments as a way to help you build wealth.
In the same way that strength training will help you get faster, your investments will help you race toward financial independence. Listen in to hear how you can use investments to improve your financial strength.
You will want to hear this episode if you are interested in...* How investments are like interval training [2:42] * How stocks work [4:32] * How bonds work [8:43] * Cash allows for flexibility [9:31] * Crypto and real estate [10:40] * The homework [11:58]
Resources & People Mentioned* Episode 7 - A Triathlete’s View of Investing
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Benjamin Franklin once said that the only things that are certain in life are death and taxes. Since we already discussed estate planning that means it’s time to cover taxes.
Taxes fall into the efficiency and technique equivalent in our financial training plan. This is why today you’re going to learn how to improve your efficiency so that you can pay less taxes over the course of your lifetime. After you finish listening, instead of dreading the thought of income taxes, you’ll feel empowered.
Come spend a mile with me and increase your financial confidence while you are increasing your fitness.
You will want to hear this episode if you are interested in...* Being efficient in tax planning [3:12] * Capital gains [4:45] * An example [6:13] * How taxes are like efficiency training [9:03] * Paying fewer taxes over your lifetime [11:22] * Your homework [14:10]
Resources & People Mentioned* Episode 23 - Cash Flow Guardrails * Tax Informational Worksheet
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Do you feel like money just slips through your fingers when you get it? Learning to manage your cash flow is an essential part of your financial training. Without this key component, it will take you even longer to reach financial independence.
Cash flow is the equivalent of nutrition and hydration in your financial training plan. Today, you’ll learn how to handle your cash flow at the sprint level. At the end of this episode, you’ll feel empowered to manage your cash flow and direct your resources in ways that are important to you.
Listen in to learn how to manage your cash flow while accumulating your resources to achieve financial independence.
You will want to hear this episode if you are interested in...* How cash flow is similar to nutrition [3:12] * Why you don’t want to be fiercely frugal or frightfully frivolous [6:20] * How to start saving now [7:15] * Savings ratios [10:50] * The homework [15:10]
Resources & People Mentioned* Episode 9 - The First Foundation of Financial Fitness * Episode 10 - The Second Foundation of Financial Fitness * Episode 18 - Leveling Up Your Spending Plan * Crushing Iron Podcast episode 661 * BOOK - I Will Teach You to Be Rich by Ramit Sethi
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Estate planning is most people’s least favorite financial topic, so why would I consider it the equivalent of a sprint distance triathlon? That’s because this is the only area of financial planning that applies to everyone. That’s right, estate planning is for everyone–not just the rich and famous.
If you don’t have an estate plan in place – make sure that you listen in and do the homework! This episode will teach you exactly how important it is to have an estate plan.
You will want to hear this episode if you are interested in...* Why everyone should have an estate plan [2:02] * What an estate plan is [6:00] * What an executor is and why you need one [8:02] * Your homework [9:12]
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Are you looking for financial education in mile-sized bits? If so, then Money Mile might be just right for you. Money MIle is the best financial education podcast designed for triathletes and runners–never mind that it’s the only financial education podcast designed for triathletes and runners!
Our goal is to help busy, active athletes who are working toward a phased financial independence. On this episode of Money Mile, we’ll walk through the basics of a well-built financial training plan by comparing it to a comprehensive athletic training plan. Come share a mile with us so that you can live a better life.
You will want to hear this episode if you are interested in...* Key aspects to your training plan [3:42] * The financial analogies [8:10] * What to expect from the next few episodes [12:02] * The homework [14:01]
Resources & People Mentioned* Episode 20 - What is a Financial Planner and Do I Need One?
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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One of the most frequent questions I get is what does a financial planner actually do? The next most common question is do I need one?
On this episode of Money Mile, we’ll explore both of these questions in greater detail. You’ll learn the different types of titles that financial professionals might have, the roles they play, the certifications they might possess, and the way financial professionals are compensated.
If you have been wondering what kind of financial planner you need (or if you need one) you won’t want to miss this episode of Money Mile.
You will want to hear this episode if you are interested in...* What a financial planner is [1:52] * The certifications financial planners might have [4:12] * What kind of regulatory oversight planners face [5:33] * The ways financial planners are compensated [6:12] * The F word of finance [8:42] * If you need a financial professional [9:55] * The homework [14:11]
Resources & People Mentioned* Nestor Vargas on Instagram @LatinoMoneyMan * Green Cards to Greenbacks podcast * XY Planning Network * NAPFA
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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One of the largest lifetime expenses that many Americans face is taxes. Since we all have to pay taxes on our income and we (ideally) earn an income or profit from our investments, we have to pay taxes on our investments as well. This is why it is important to consider the types of investment accounts you hold.
If you are interested in minimizing your lifetime tax bill then you will want to carefully examine which type of accounts your investments are in. Listen in to hear the tax structure of each type of investment account so that you can make an informed decision about where to invest your money.
You will want to hear this episode if you are interested in...* Three ways investments can be taxed [1:22] * The third type of investment account [4:20] * Which account is right for you [6:30] * Your homework [8:46]
Resources & People Mentioned* Episode 18
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Do you have a spending plan? Or do you just wing it and hope for the best?
If you remember episode nine, The First Foundation of Financial Fitness, you’ll remember that you should spend less than you make. Hopefully, you are already doing that. Today’s episode takes that foundation up a notch to help you keep track of where your money is going.
In this episode, you’ll learn three types of spending plan structures, reporting mechanisms, and common challenges with spending plans. Let’s take a deeper dive into spending plan design so that you can determine which type of plan best fits your lifestyle so that you can reach financial independence sooner.
You will want to hear this episode if you are interested in...* Have as much structure as you need and as little as you can get away with [1:12] * Spending plan level 1 [1:52] * Level 2 [2:51] * Level 3 [4:25] * The reporting mechanism [6:01] * Your homework [8:50]
Resources & People Mentioned* Episode 9 - The First Foundation of Financial Fitness * Sample spending plan and flow chart
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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We’re all looking for the best investments that we can make. While I can’t tell you what the next hot stock will be, I can give you some unconventional investment ideas that you may not have thought of before. Since I don’t know you from a hot rock, I can’t give you specific investment advice. I simply want to give you a few ideas and strategies to consider.
In this episode of Money Mile, I’ll break up my suggestions into age categories with a universally sound idea at the end. Come share a mile with me, and listen in to discover a few unconventional investments to help you live a better life and take one step closer to financial independence.
You will want to hear this episode if you are interested in...* The best investment for those under 35 [2:12] * The best investment for those between 35-60 [4:40] * The best investment for those who are 60+ [6:38] * The best universal investment [9:20] * Your homework [10:16]
Resources & People Mentioned* Average Cost of a Master's Degree * XY Planning Network * NAPFA * Garrett Planning Network
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Not everyone has a pension plan, but if you do it could be a tremendous boon to your plans for financial independence. A pension plan seems cut and dry, but in this episode of Money Mile, you’ll hear five ways that you could optimize your pension so that you can maximize your benefits. Let’s share a mile together so that you can learn how to maximize your pension and maximize your plans for financial independence.
You will want to hear this episode if you are interested in...* How pension benefits are calculated [1:22] * How you can improve your pension benefit [3:27] * How Social Security fits into your plans for financial independence [5:30] * An example of how Harry and Jenny can maximize their pension [7:46] * Your homework [12:21]
Resources & People Mentioned* Episode 15 - 6 Pro Tips for College Planning
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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In the last episode of Money Mile, you met Harry and Jenny–two hard-working triathletes working toward living a good life both now and in the future. Now that Harry and Jenny have built their money machine, they are ready to start planning for their kids’ college education.
Today you’ll learn 6 tips that can help ensure that you get your kids off to the best start in life by helping them afford their college education. College is notoriously expensive, but using these tips can ensure that you and your kids will be ready when the time comes.
You will want to hear this episode if you are interested in...* Pro tip #1 [1:22] * Pro tip #2 [2:55] * Pro tip #3 [4:29] * Pro tip #4 [5:51] * Pro tip #5 [8:10] * Pro tip #6 [9:06] * Your homework [9:37]
Resources & People Mentioned* Episode 14 - The Tale of Two Triathletes * Episode 13 - The Fifth Foundation of Financial Fitness
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Even though money doesn’t grow on trees, there is a way to build your own money machine. Unfortunately, this money machine won’t look like your own personal ATM that you keep in your basement. However, it will help you achieve financial independence. In this episode of Money Mile, you’ll learn how to build your own money machine with the story of two triathletes.
You will want to hear this episode if you are interested in...* Harry and Jenny’s story [1:22] * Design your own money machine [2:45] * How triathletes naturally know about diversification [5:12] * The keys to balance [7:06] * The homework [8:44]
Resources & People Mentioned* Episode 8 - The Five Foundations of Financial Fitness
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Debt can be a powerful tool, but it can also create a terrible financial situation that can ruin your chances for financial independence. On this episode of Money Mile, you’ll learn the 5th and final foundation of financial fitness: use debt wisely. I’ll help you understand the types of debt, my golden rules for debt, tips for utilizing student debt, and the one type of student loan that you should avoid at all costs.
Press play to ensure that you won’t make a regrettable decision about education funding that could ruin your plans for financial independence.
You will want to hear this episode if you are interested in...* Individuals need to be careful about debt [1:22] * Golden rules of debt [1:55] * The ups and downs of student debt [5:12] * The 5 foundations of financial fitness [9:48] * The homework [10:44]
Resources & People Mentioned* The First Foundation of Financial Fitness
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Over the past few episodes, we have been working through the 5 foundations of financial fitness. Today, we’ll delve into the fourth foundation. The fourth foundation of financial fitness is to protect what you can’t afford to lose.
Since life is full of ups and downs, it is important to plan ahead to be ready in case things don’t go your way. Listen in to hear the 6 things that you should consider protecting.
You will want to hear this episode if you are interested in...* Examples of things that you should consider protecting [1:42] * Property insurance will help you protect your stuff [4:24] * Protecting your income with disability insurance [5:32] * Homework [9:30]
Resources & People Mentioned* Episode 8 - The 5 Foundations of Financial Fitness
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Over the past few episodes, we have been working through the 5 foundations of financial fitness. Today, we’ll delve into the fourth foundation. The fourth foundation of financial fitness is to protect what you can’t afford to lose.
Since life is full of ups and downs, it is important to plan ahead to be ready in case things don’t go your way. Listen in to hear the 6 things that you should consider protecting.
You will want to hear this episode if you are interested in...* Examples of things that you should consider protecting [1:42] * Property insurance will help you protect your stuff [4:24] * Protecting your income with disability insurance [5:32] * Homework [9:30]
Resources & People Mentioned* Episode 8 - The 5 Foundations of Financial Fitness
Connect With Justin Waller* https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Have you ever been a race day volunteer? Volunteering at a race is a way to gain perspective on what it means to race. On this special episode of Money Mile, I share my experience as a bike aid station volunteer at the 2022 California Iron Man. Listen in to hear what you can learn not just from the Iron Man champions, but from all those that choose to sacrifice their time and energy for the sake of becoming an Iron Man. You will want to hear this episode if you are interested in...The 2022 Iron Man California race course [1:22] Individual stories from the California Iron Man race [2:35] Doing hard things [4:03] What might be possible for you [6:32]
Connect With Justin Wallerhttps://wallerfc.com/ (https://WallerFC.com) Waller Financial Coaching https://www.facebook.com/wallerfc (on Facebook) Justin https://www.instagram.com/wallerfctribal/ (on Instagram) Justin https://www.linkedin.com/in/justinwallercfp/ (on LinkedIn)
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Have you ever been a race day volunteer? Volunteering at a race is a way to gain perspective on what it means to race. On this special episode of Money Mile, I share my experience as a bike aid station volunteer at the 2022 California Iron Man. Listen in to hear what you can learn not just from the Iron Man champions, but from all those that choose to sacrifice their time and energy for the sake of becoming an Iron Man. You will want to hear this episode if you are interested in...The 2022 Iron Man California race course [1:22] Individual stories from the California Iron Man race [2:35] Doing hard things [4:03] What might be possible for you [6:32]
Connect With Justin Wallerhttps://wallerfc.com/ (https://WallerFC.com) Waller Financial Coaching https://www.facebook.com/wallerfc (on Facebook) Justin https://www.instagram.com/wallerfctribal/ (on Instagram) Justin https://www.linkedin.com/in/justinwallercfp/ (on LinkedIn)
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There are thousands of ways that you can build wealth, but if you don’t have a plan that you can implement, then you’ll never reach your financial goals. Building wealth is the third foundation of financial fitness that we are discussing in this episode of Money Mile. How did your homework go from https://wallerfc.com/the-second-foundation-of-financial-fitness-ep-10/ (episode 10)? Did you discover one smart thing to do with your money and implement it? Tell me about your journey to financial independence and let me know how your homework assignments are going. Email me at info@wallerfc.com. You will want to hear this episode if you are interested in...Starting small [1:12] Saving automatically [2:23] Saving with purpose [7:38] The homework [10:41]
Resources & People MentionedEpisode 10 - https://wallerfc.com/the-second-foundation-of-financial-fitness-ep-10/ (The Second Foundation of Financial Fitness) Episode 7 – https://wallerfc.com/a-triathletes-view-of-investing-ep-7/ (A Triathlete’s View of Investing) https://www.napfa.org/ (NAPFA) https://www.xyplanningnetwork.com/ (XY Planning Network)
Connect With Justin Wallerhttps://wallerfc.com/ (https://WallerFC.com) Waller Financial Coaching https://www.facebook.com/wallerfc (on Facebook) Justin https://www.instagram.com/wallerfctribal/ (on Instagram) Justin https://www.linkedin.com/in/justinwallercfp/ (on LinkedIn)
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ou already know that you need to https://wallerfc.com/the-first-foundation-of-financial-fitness-ep-9/ (spend less than you earn), but what should you do with the difference? Something smart! Doing something smart with the difference is the second foundation of financial fitness. In this episode of Money Mile, you’ll learn about some intelligent and not-so-intelligent things that you can do with the money that you have left over at the end of the month. There are myriad ways that you can use your money, so listen in to think about the best option for you and your financial situation. If you are looking forward to an active and phased financial independence, you’ll want to press play to make sure that you are armed with the knowledge that will help you use your money wisely. You will want to hear this episode if you are interested in...Doing something smart with the difference [1:22] Intelligent options [2:44] Less intelligent ideas [5:32] An additional thought [6:35] The homework [9:07]
Resources & People MentionedEpisode 7 - https://wallerfc.com/a-triathletes-view-of-investing-ep-7/ (A Triathlete’s View of Investing) Episode 8 - https://wallerfc.com/5-foundations-of-financial-fitness-ep-8/ (5 Foundations of Financial Fitness) Episode 9 - https://wallerfc.com/the-first-foundation-of-financial-fitness-ep-9/ (The First Foundation of Financial Fitness)
Connect With Justin Wallerhttps://wallerfc.com/ (https://WallerFC.com ) Waller Financial Coaching https://www.facebook.com/wallerfc (on Facebook) Justin https://www.instagram.com/wallerfctribal/ (on Instagram) Justin https://www.linkedin.com/in/justinwallercfp/ (on LinkedIn)
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Now that you know the basic https://wallerfc.com/5-foundations-of-financial-fitness-ep-8/ (foundations of financial fitness), we’ll be taking a deep dive into each of them one at a time. Today we are covering the first foundation: spend less than what you earn. In this episode, we’ll explore what this means and how you can make this seemingly simple foundation of finance work by using a spending plan. You’ll learn 10 tips to help you design your spending plan, and as with each episode, you’ll have homework to implement what you have learned. Are ready to share a mile with me so that you can improve your financial outlook and take one step closer to financial independence? Press play to get started. You will want to hear this episode if you are interested in...Spend less than what you earn [1:02] 10 tips for designing your spending [1:54] Your homework [11:14]
Resources & People MentionedEpisode 8 - https://wallerfc.com/5-foundations-of-financial-fitness-ep-8/ (5 Foundations of Financial Fitness)
Connect With Justin Wallerhttps://wallerfc.com/ (https://WallerFC.com ) Waller Financial Coaching https://www.facebook.com/wallerfc (on Facebook) Justin https://www.instagram.com/wallerfctribal/ (on Instagram) Justin https://www.linkedin.com/in/justinwallercfp/ (on LinkedIn)
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Welcome back to Money Mile, the podcast for active people looking forward to an active, phased financial independence. Together we’ll share a mile so that you can learn how to build a better life. In today’s episode, you’ll hear the 5 foundations of financial fitness that we’ll be exploring in depth over the next several episodes. Make sure to stick around until the end to hear your homework! You will want to hear this episode if you are interested in... The 5 foundations of financial fitness [0:52] Your homework [3:04]
Connect With Justin Waller https://WallerFC.com Waller Financial Coaching on Facebook Justin on Instagram Justin on LinkedIn
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Welcome back to Money Mile, the podcast where we share a mile to help you live a better life! In the last few episodes, we discussed the unique financial challenges that endurance athletes face.
This episode translates a financial concept into terms that a triathlete will easily understand. If you aren’t a triathlete, please continue to listen and let me know what you think!
I’d love to know how you did with your homework from the previous episodes, let me know how you are doing on your financial journey by emailing me at info@wallerfc.com.
You will want to hear this episode if you are interested in... * How triathlon training is similar to diversification[2:22] * How bonds are similar to the run portion of a triathlon [5:35] * Why completing the homework is important [7:03]
Resources & People Mentioned * NAPFA * XY Planning Network * Fee Only Network
Connect With Justin Waller * https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Welcome back to the third and last episode in this three-part series detailing the top financial challenges of active people. If you haven’t listened to the first two you can start here.
Triathletes and distance runners have a unique set of financial challenges and we continue to work through them in this episode. Make sure to listen all the way through so that you can take action with today’s homework plan.
How are you doing with the homework? Have you thought about how race fees impact your spending plan or contemplated how endurance athletics fit into your long-term financial planning? I’d love to hear how it’s going. Shoot me an email and let me know how it goes!
Welcome back to Money Mile. This is part 2 of a two-part series on the Top Financial Challenges of Active People. If you missed part 1 you could check it out here. How did your homework from last time go? Email me to let me know!
This episode will discuss challenges like race fees, life insurance, and non-racing partners. Listen in to hear the top financial challenges of active people.
Connect With Justin Waller * https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Endurance athletes live exceptional lives. This means that their financial planning needs to be a bit different than their non-athletic friends. In this episode of Money Mile, you’ll learn the key differences endurance athletes need to consider in their financial planning.
Since the vast majority of triathletes and distance runners pay out of pocket for the opportunity to push themselves to new limits, it is important to be aware of the financial impacts of these decisions over time. The more you learn, the more you can make knowledgeable decisions.
Come share a mile with me to learn how to improve your finances and live a better life.
You will want to hear this episode if you are interested in... * Financial independence for endurance athletes [1:22] * Cash reserves for endurance athletes [5:02] * How cash flow is different for endurance athletes [6:55] * Gear [8:02]
Resources & People Mentioned * USNews article on retirement age * World Bank economic data * Exercise longevity study * Endurance athletes and delayed cognitive decline * Foundations for Financial Independence for Triathletes * Replace your helmet every 5-10 years
Connect With Justin Waller * https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
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Audio Production and Show Notes by - PODCAST FAST TRACK
You share a mile with us on your long steady run and we work to help you live a better life. 1 What you "do" is more important than what you know. 2 The best strategy is one you will implement. There are 1000's of things you can do. What will you do? 3 Focus on the things you can control - 80%, Influence, 19%, No Control and Influence <1% 4 Framework for decision making (see visual) 5 Move or don't move, if you can move small, Move. You don't have to do 100%. 6 Learn what works for you by doing and improve your trajectory. But keep moving. Do the things that work. Sometimes you have to try some things to figure out what will work for you. Start small and see what you think. It has been said that there are 2 types of investments - the fancy ones and the ones that work. Start with what works and if you want to get fancy later, feel free to do so. 7 Effective > Efficient. Saving 3 basis points trying to find the best counter cyclical 2x consumer durable ETF Spending a lot of time and money on being more aerodynamic on the bike, but not actually riding it.
Money Mile is designed to help active professionals work toward an active and phased financial independence while ultimately leaving a meaningful legacy. Does that sound like you?
I encourage you to have a listen to discover if the Money Mile podcast is right for you. After you’re done listening, make sure to scroll down to the end of the show notes for your free Future Vision template.
You will want to hear this episode if you are interested in... * A proactive retirement [0:32] * Living an active lifestyle [2:21] * A phased retirement [4:20] * Leaving a meaningful legacy [6:23]
Resources & People Mentioned * Fortune Article - Should You Leave It All to the Children? * Future Vision template
Connect With Justin Waller * https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
Subscribe to MONEY MILE
Audio Production and Show Notes by - PODCAST FAST TRACK
Welcome to the inaugural episode of Money Mile! I am your host, Justin Waller.
Since you decided to invest a bit of your time with me, I would like you to know who you are listening to. Press play to hear a bit of my backstory as you come along for the ride on this flying umbrella!
You will want to hear this episode if you are interested in... * How I got started [0:42] * The physical side of the podcast [2:45] * My core values [5:11]
Connect With Justin Waller * https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
Subscribe toMONEY MILE
Audio Production and Show Notes by - PODCAST FAST TRACK
Are you looking to improve your financial outlook one mile at a time? If so, you’re in the right place. Money Mile is created for people who are interested in improving their long-term wealth-building strategies so that they can live their best lives.
I’m Justin Waller, your personal financial educator and the host of the Money Mile podcast. Welcome to the Warm-Up Lap!
You will want to hear this episode if you are interested in... * Who this podcast is created for [0:22] * What to expect from the first few episodes [2:04]
Connect With Justin Waller * https://WallerFC.com * Waller Financial Coaching on Facebook * Justin on Instagram * Justin on LinkedIn
Subscribe toMONEY MILE
Audio Production and Show Notes by - PODCAST FAST TRACK
Thanks for checking out Money Mile.
We help active people looking forward to an active financial independence, a phased retirement, and eventually leaving a meaningful legacy.
Here, you get to listen to personal financial education from an expert that has been guiding people to their financial independence for over 20 years.
This is not your typical financial podcast.
Our content is delivered in 8 to 10 minute segments that will ideally align with one mile of your long steady run each week. This could also work as part of a warm up or cool down for other workouts, but we'll leave that up to you.
Most of the episodes will have a follow-up action for you to take. Each conversation is designed to help you understand how to move your financial situation forward.
After all, it's not what you know that counts - it's what you do. We recommend starting with the Warm-Up Lap episode so you have a better understanding of what you're getting yourself into and the best way to get the most out of the resources we make available here.
Thanks again for listening. And we'll look forward to talking with you again on the Money Mile.