050: Swan Song
Catching the Coin
Tim and Troy briefly reflect upon the past 50 weeks of serving up Catching The Coin and The Lighter Side on this final episode and talk about the transition to the new podcast—Faith and Finances. In This Episode We Look At: What we've learned and what our listeners may have learned. Re-visiting our personal favorite episodes How to find and follow us on our new podcast One Thing You Can Do Today to Improve Your Financial World: Go and listen to our new podcast over at , of course. What Are Your Thoughts? If you have a question or comment about today's topic, we...
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049: A Review of "Retiring Retirement"
Catching the Coin
We've heard that for years people are living longer! Now we are noticing a new phenomenon of older people who actually want to keep working. Today we review an article written by Linda Marsa, posted on Nautil.us, entitled "Retiring Retirement". In This Episode We Look At: The aging of America is not the crisis that is often portrayed in the media or even in scholarly papers. “Today’s seniors are healthier, better educated, and more productive than ever,” Richard Johnson says. “The challenge we face is finding ways to harness their talents.” There have always been...
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048: We Review 10 Money Rules Not Everyone Follows (But Should)
Catching the Coin
Rules! Who actually gets excited about following rules? Today we review 10 Money Rules that you really should be following. In This Episode We Look At: Good old standards like: Live below your means Pay yourself first Treat your retirement funding like a regular bill The how's and whys for saving to make purchases, avoiding debt, and daring to be different than the over-spending, non-saving crowd Today's Resources and Links: , by George Clayson [Affiliate Link] One Thing You Can Do Today to Improve Your Financial World: Pause for a moment and take a personal, financial inventory. How...
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047: Outdated Financial Advice
Catching the Coin
It's nostalgic to look back at the past decades and notice the outdated trends and technology that no longer exist. Yet, when it comes to financial advice; it's disturbing to learn just how many beliefs and teachings still abound that are clearly outdated. Today, we review a blogpost on TheSimpleDollar titled, "Outdated Financial Advice". In This Episode We Look At: Financial beliefs and advice that are still alive and kicking, but should be let out to pasture, like: "Depend on your husband's income" "Find a solid company and work there until you retire" "Everyone should attend...
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046: Our Thoughts About 4 Men with Very Different Incomes
Catching the Coin
The poverty line for a family of three is $20,090 a year. The median household income in America is $53,657. Politicians draw $250,000 as the line between the middle and upper classes. And the true starting point of real wealth remains a cool $1,000,000. Esquire magazine asked four more or less typical men, each of whom earns one of these incomes, to tell them about the lives they can afford. Tim and Troy re-enact the interviews and discuss the results… In This Episode We Look At: The benefit of having and maintaining a household budget The irony of higher earners who do not despise...
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045: Financial Jargon Decoded
Catching the Coin
Sprichst du Deutsch? We don't sprichst German either (although we've been known to spritzen some lime into our water). Do you speak Financial Jargon? We do! We are going to explain some of the most misunderstood terms in the money realm. In This Episode We Look At: The meanings, in plain English, of such terms as: 401(k) IRA Net FICO score Unrealized Gains/Loss Today's Resources and Links: One Thing You Can Do Today to Improve Your Financial World: Review these terms to increase your comfort level of understanding. Never hesitate to ask for clarity when speaking with a financial...
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044: The Perils of Predictions
Catching the Coin
Prognosticators have been making their predictions since long...
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043: Multi-Level Marketing Examined
Catching the Coin
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042: Retirement 2.0
Catching the Coin
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041: Ice Cream and Saving Money
Catching the Coin
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info_outlineTim and I were talking about this episode and I got to thinking about an Internet meme that I saw on Facebook. It was a cute cat waiting to be petted with the caption, "I really want you to pet me, but I also kinda want to bite you." See Below, lol.
That pic really sums up the duality of our human nature in that our short-term goals normally conflict with our long-term goals. We really want to accomplish both, but they rarely intersect in practical ways without some serious lifestyle planning.
Hence the title, "Ice cream and Saving Money"; we speak about what that means on a very practical level. "I want to be healthy and fit, but I really want ice cream." "I want to financially independent in my retirement years, but I want a new car and bigger house." And of course, "I really want you to pet me, but I also kinda want to bite you."
In This Episode We Look At:
Why "may the best one win" might be ok for battling ice cream cravings, but that attitude won't cut it for retirement saving
How blind spots and bad inputs can wreck your path to financial health
The importance of having reasonable expectations and timeframes with your lifestyle changes. Stay Focused!
Today's Resources and Links:
One Thing You Can Do Today to Improve Your Financial World:
- Saturate yourself with quality personal finance material (Hey, I can think of a podcast to start with!) Find blogs to read and podcasts to listen to that will keep your awareness and focus on your long-term goals.
What Are Your Thoughts?
If you have a question or comment about today's topic, we invite you to share your thoughts.