Episode 231: Smarter College Planning for Wealth-Conscious Families with Paul Compeau
Financial Freedom Podcast
In light of the national student loan crisis, parents and students continue to struggle with college choice and financial aid to avoid an unaffordable student debt load upon graduation. I have dedicated several episodes to guests who help people with that. One balancing act parents go through is educating their children while still saving and investing for a comfortable retirement. That's why in this episode of the podcast I talk with Certified Financial Planner Paul Compeau about how to do just that. In this episode you will learn: What happens when families pick a college without a solid...
info_outline
Episode 230: Applying Lessons from the Army to Finance with Joshua Brooks
Financial Freedom Podcast
Serving in the military can teach you many things: discipline, the importance of service, focus, and the determination to carry out goals. But who would have thought that it would also teach you the skills to attain financial freedom? To find out more about how this can happen, I talked in this episode of the podcast to Joshua Brooks about what he learned in his military career as an army chaplain about how to achieve your personal finance goals. In this episode you will learn: What the army can teach you about handling your money and achieving financial freedom How you can apply these tips...
info_outline
Episode 229: Solving the Retirement Lifestyle Puzzle with Jeffery Panik
Financial Freedom Podcast
When people think about retirement, they mostly look at whether they can afford it. They plan out long term savings and hope that when they get to their golden years, that money will be enough. But how much is enough? Well, that somewhat depends on what you want to do in retirement. In Episode 125 I talked about planning for what to do in retirement, but to figure out how to use that to determine "how much is enough," I talked with financial advisor Jeffery Panik on solving that puzzle. In this episode you will learn: How to determine how much you need to save to retire Why what you want to...
info_outline
Episode 228: The Benefits of Being in a Credit Union with Grant Gallagher
Financial Freedom Podcast
Most people have a checking account with a traditional bank, while a majority of those also have savings accounts. But what about credit unions? Should some people use those rather than traditional banks? What are the benefits? To answer those questions, in this episode of the podcast I talk with Grant Gallagher of Affinity Federal Credit Union about the benefits of credit unions and why you should consider putting your money there. In this episode you will learn: - What credit unions offer that you can’t find at other banks - Some of the unique financial and community offerings credit...
info_outline
Episode 227: Avoiding Probate Nightmares with Cameron Zabko
Financial Freedom Podcast
Having an estate plan is very important. It ensures not only that your legacy is protected, but that you've planned for disruptions in your health and well being while you're alive. It's part of making sure that you are prepared for life's challenges (and the ultimate end of your life). But how you draft and prepare that plan can make a difference in avoiding problems when those documents are needed, especially your will. To tell us about how to avoid probate nightmares I talked with Certified Financial Planner Cameron Zabko on what you should do. In this episode you will learn about: -...
info_outline
Episode 226: Handling Inherited Wealth with Chase Collins
Financial Freedom Podcast
According to research done by the authors of the book *The Millionaire Next Door,* 70% of American millionaires are first generation. This means that in most instances wealth is not being effectively passed down to the next generation, as it is not being preserved. That generation doesn't know how to handle that much money (how many lottery winners are broke a year or two later?) So to talk about how to deal with inherited wealth, in this episode of the podcast I talk with Master Life Coach Chase Collins about how people who achieve significant financial independence can prepare their children...
info_outline
Episode 225: Creating Your Income Snowball with Tanisha Souza
Financial Freedom Podcast
There are only so many hours in a day, and sometimes, even with a second job, it can be hard to make enough money to achieve financial freedom for yourself and your family. One way to get past this problem is to disconnect time from money and start generating passive income. That's why in this episode of the podcast I talk with former practicing lawyer Tanisha Souza about what she calls an "Income Snowball" that can get you that extra income you need. In this episode you will learn: - What an Income Snowball Is - The Kinds of Investments That Are Used to Create One - How it Reduces Risk...
info_outline
Episode 224: Breaking Free from the Financial Treadmill with Bill Westrom
Financial Freedom Podcast
No matter how hard they try, a majority of Americans are living paycheck to paycheck, and even more don't feel secure with money. With no money left over after the bills are paid, it makes it nearly impossible to save for the future and reach long term financial independence. That's why in this episode of the podcast I talk with financial expert Bill Westrom on how folks can break the paycheck to paycheck cycle, save for the future, and gain financial freedom. In this episode you will learn: - The leading causes for people living paycheck to paycheck - How to get unstuck and and moving closer...
info_outline
Episode 223: Getting Your Kids Saving Early with Timothy Smith
Financial Freedom Podcast
The sooner kids learn about financial literacy the better. They have a greater chance of maintaining financial freedom and independence in their adult lives. But this goes beyond budgeting, spending, and knowing how credit works; it includes saving for short and long term goals. So to find out more about what parents can do to educate their children on saving I talked with personal finance expert and podcaster Timothy Smith, who hosts "The Financial Dad" with his two daughters. He has some great ideas on how to start your kids out right with money. In this episode you will learn: - How...
info_outline
Episode 222: Lowering Your Tax Bill with Frank Buchholz
Financial Freedom Podcast
Tax time can be very stressful for folks, especially if they owe money. For those struggling with debt and trying to pay the bills, it is even worse. But it may not always have to be. Tax planning throughout the year is a good idea if you want to minimize your taxes (or maximize your refund) when you ultimately file your return. That's why in this episode of the podcast I talk with financial advisor Frank Buchholz about strategies you might be able to use to be in better shape when you file your next tax return. In this episode you will learn: - Strategic use of IRA contributions - How to spot...
info_outlineAlthough student loans continue to be a hot topic in personal finance news, there are many interesting articles and tips out there that can help you on your path to financial freedom. These include Gen Z investment strategies that seem to be working, the cooling of the housing market competition, whether you should leverage the equity in your home, and how to maximize your vacation time.
Thant's why in this episode of the podcast I wanted to talk about these various news items, in hopes that they can give you some investing ideas, help you decide whether to buy or sell a home, whether to do something with your home equity, or get you the most time off from work.
In this episode you will learn:
- How Gen Z Investment Strategies Can Help You
- About the Cooling of Housing Market Competition and What It Means for You
- About If, When, and How You Should Tap Into Your Home Equity
- How to Maximize Vacation Days