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EP22: Dating and Money with Scott Trench of Bigger Pockets

Scott Trench Bigger Pockets MM

Episode #22 – Money and Dating with Scott Trench of Bigger Pockets



 

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Scott TrenchBio: Scott Trench is a perpetual student of personal finance, real estate investing, sales, business, and personal management. He is also a real estate investor, an executive at a large online corporation, salesman, real estate broker, and author. Through a solid understanding of money management, calculated risks, and a lot of hard work, he has created financial freedom for himself as well as a successful real estate business in just three years after graduating college. He hopes to now share the knowledge he has acquired so that others will have the tools they need to repeat his results in just 3-5 years, giving them the option to go anywhere they want in the world, work any job, start any business, or finish out the journey to financial independence and retire young.

Show Description: Scott and I talk about important personal decisions to make financially before dating and relationships pop-up. Scott and I also talk about fun date ideas, financial personality bits, and other considerations to make in achieving your own financial goals while enjoying a healthy social life.

ShowNotes:Set_for_Life_Master_low_res_pdf__page_30_of_248_

0:32 – Edit: “Bigger Pockets” Not “Bigger Podcasts”
1:17 – Go USA Eagles Rugby! Rugby Tangent 😛
3:08 – Dating And Spending Habits (Jump To Here To Get To The Good Stuff 😉 )
3:20 – Fitting Dating Into Our Spending.
4:15 – Single Vs Dating Spending
5:10 – Some Nice Unwarranted Dating Advice 😉
6:40 – The Key: Be Reasonable
7:03 – Edit “Be Aware” – Not “Be Intelligent”
9:15 – The Importance Of Setting Aside Money For Dating
10:24 – From Dating To Relationships
10:40 – Financial Compatibility: A Key In Dating
16:00 – Some Awkward Moments: Recognizing Vital Differences
18:00 – Key: Find A Partner With Similar Money Values To You
18:50 – Open Your Bank Account, And I’ll Tell You What’s Important To You (The Extra Quote I mention at 22:05)
19:15 – Money Is Only One Little Part Of A Good Relationship
20:00 – Marriage and Money : A Few Thoughts
22:20 – Money Is Just A Tool
22:55 – A Great Financial Goal Every Recent Graduate Should Consider
23:45 – Changing Disposable Income Over Time
25:00 – Money Maxim, and Scott’s Book

Money Maxim

“Most people do not accumulate significant assets early in life. And if you don’t do it early in life you miss out on huge amounts of opportunities. The stakes are really high right out of college for accumulating lots of wealth and building passive income. If you don’t do it then it gets harder and harder as you age” – Scott Trench

Contacts and Links from the Show

https://www.biggerpockets.com/users/scotttrench
www.BiggerPockets.com/SetForLife

Bad Daddy’s Burger Bar

Governor’s Park Tavern

 

 

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EP21: Small Business and Tax – With Eric Estevez

Episode #21 – Small Business and Tax – With Estevez Tax Prep




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Eric-Estevez-1-e1498081204400-273x300[1]Bio: Eric Estevez has been in the tax & accounting field since 2008. His experience was gained while handling clients of all sizes, from mom & pop shops to billion-dollar institutions. His inspiration comes from books such as “Rich Dad, Poor Dad”, “Think & Grow Rich”, and “Awaken the Giant Within”. These books instilled a financial mindset of success from a young age. Eric is committed to spreading the message of financial literacy through Estevez Tax Preparation, LLC.

Show Description: Eric and I met at FinCon in 2016 and Have been in touch since then.  We talk about heaps of tax skills, notes, and ideas small businesses should incorporate into their behavior to minimize taxes and stay awesome.

ShowNotes:

1:55 – Eric’s Skill With Taxes Precedes Him
2:40 – Why People Don’t Learn Taxes For Their Business
3:30 – A Few Reasons For Professional Tax Services
4:40 – A Trait Of Successful People And Successful Small Business
6:15 – Why Everyone Needs A Book Keeper Now (Hint: The Job Market Is CHANGING)
6:45 – Most Common Tax Problems In Small Business
8:10 – A Rule Of Thumb For How Much To Save For Taxes When You Work For Yourself
9:10 – Business Write-Offs and Expense Tracking
11:00 – Commingling of Funds – The First Step In Business Expense Tracking
13:00 – How To Reduce Preparation Fees for Taxes and Balance Sheets
14:00 – The Value of Having a Monthly Accountant Instead of a Once A Year Tax Preparer
15:30 – Leveraging Your Money Wisely – The Importance of Monthly Statements
19:20 – 1099 VS W-2 : What?
23:40 – Minimizing Taxes
25:12 – Money Maxim from Eric and Contact Info

Money Maxim

Estevez Tax MM

“Know Your Numbers” – Budget, Net Worth, Income, Expenses
“If You Don’t Know Your Numbers, You Don’t Know Your Business”
Contacts and Links from the Show

www.EstevezTax.com – Eric Bookkeeping and Tax Prep Service

Estevez Tax’s core services are tax, bookkeeping, and payroll.  They also provide many other tax/accounting functions like estate, business valuations, etc.

1) Tax covers planning, estimated payments, preparation.

2) Bookkeeping services will provide monthly financials

3) Payroll

Drop FinancialGinger in your contact for a Discount!

www.JiuJitsuFinance.com – Eric’s Finance Blog

www.Saving-Sherpa.com – Look Up Justin’s Budget Worksheet

Some Book Recommendations from Eric Estevez
“Rich Dad, Poor Dad”,
“Think & Grow Rich”, and
“Awaken the Giant Within”

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Ep20: TheGiftOfCollege – With Wayne Weber

Episode #20 TheGiftOfCollege – With Wayne Weber



Read more and listen more at www.FinancialGinger.com
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Wayne Weber Gift Of College

Bio: Wayne Weber is CEO and Founder of GiftofCollege.com, a company that revolutionizes college savings. He is passionate about providing families a simple and easy way to save for college tuition – bringing change to a complex process. Since 2008, Wayne has developed Gift of College into a social savings platform for parents, friends and communities with the aim of establishing the company as the leading gifting platform for college savings plans. Before founding GiftofCollege.com, Wayne led business development and sales efforts of software and hardware solutions for Fortune 500 companies including NCR Corporation and CDW. In 2007, Wayne founded Gimmepleez.com, a social savings platform that was the forerunner to his current company.

Show Description: Wayne and I talk about 529 College Savings Plans and ways pre-college, current college, and parents can help create a college fund both before and during and after college to pay for the cost of school.

ShowNotes:

0:58 – What is Gift Of College?
3:06 – How Gift Of College makes it easy to save for College
6:15 – 529’s What are those? (THIS IS IMPORTANT)
9:00 – Why 529’s are great for starting a child or teen’s saving account for school
10:20 – Additional benefits of college funds (Beyond money)
12:00 – How to create a 529 plan, or college fund
15:00 – Tax benefits for 529 College Plans!
16:45 – Ask your Employer to get involved
19:00 – Wayne’s Money Maxim
20:15 – Where to Find Gift Of College

Money Maxim

“Save Early, Save Often” – Wayne Weber

MM39 - GiftOfCollege

Contacts and Links from the Show

Give the Gift of College To Someone You Love from Nadine Perry on Vimeo.

Gift Of College’s Website

www.facebook.com/GiftOfCollege

www.Twitter.com/GiftOfCollege

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Ep19 – Dear Debt – Mental Health and Money with Melanie Lockert

Episode #19 – Dear Debt – Mental Health and Money with Melanie Lockert




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Bio: Melanie Lockert started Dear Debt in 2013 as an accountability project for her debt payoff process. It grew into a community of dreamers, hustlers, debt fighters, minimalists, and frugal lovin’ adventurers to share thoughts, company, and Dear Debt Letters. She is an inspiration to many facing depression and other obstacles in dealing with debt and putting it in its place.

Show Description: We all know depression and mental illness are very hard to deal with and can create limitations in how we feel, think, and act. Today Melanie and I talk about some of the actions to take, and ways to think and encourage ourselves in dealing with depression and still making progress financially.

ShowNotes:

  • 1:27 – Emotions and Role Models
  • 3:12 – Fighting depression while still making progress financially
  • 5:00 – Dear Debt Letters – What are they?
  • 7:38 – Power of Writing Things Down
  • 9:45 – Mental Buckets
  • 10:50 –  Mentors and Coaches and Therapists: Outside Help Is For EVERYONE
  • 15:31 – Melanie’s story, hard months and easy months and honesty
  • 18:00 – Debt Fatigue: Define yourself
  • 21:34 – Vulnerability is strength
  • 23:30 – Melanie’s Maxim, Blog, and Book

Money Maxim

“A Closed Mouth Does Not Get Fed” – Melanie Lockert

MoneyMaxim Melanie Lockert

“You are not your debt” – Melanie Lockert

“The Faintest Ink Is More Powerful Than The Strongest Mind” – Jacob (Ancient Chinese Proverb)

“It’s important to tell the people that you love what you’re going through” – Melanie Lockert

Action Items

Forgive yourself, and recognize that you are not your debt.

Write your Dear Debt Letter! Read some on Melanie’s Blog, get the emotions out!

Organize some of your emotions into Mental Buckets.

Get your therapist! College grad program, mentor, mastermind, psychologist, roommate. Have people you regularly discuss and get help from.

Pattern: Recognize issue, make a plan, get a partner, get a community, constant honesty.

Mentions

Carl Richards Behavior Gap

OrderOfMan Podcast

Contacts and Links from the Show

http://deardebt.com

Melanies Book: Dear Debt

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Episode 18: NewlyWed Finances – With Dave Jacobson of CoachConnections

Episode #18 –  Newlywed Finances & Money Coaches – With Dave Jacobson



 

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Dave Jacobson HeadshotBio: Dave Jacobson, certified financial coach, enhances lives by empowering others to make better decisions with money that lead them to a financially fit lifestyle.  He has helped hundreds of individuals find financial peace through personal coaching and financial wellness seminars that focus on building and implementing a practical financial plan.

Coach Dave was nationally recognized for his personal money management expertise by The Lampo Group (Dave Ramsey’s organization) and leads Counselor Connections, a best practices group of top financial coaches from across the nation.

Show Description: Dave and I talk about marriage, finances, and some important things to do before you say “I Do”. We avoid the budgets and the numbers and focus on the thinking, actions, and understanding your partner and helping them understand you. We also delve into the value of a coach regardless of who you are, and what your

ShowNotes:

  • 0:39 – Dave Shares his history in Financial Counseling and about his personal life
  • 3:55 – Marriage: No One Tool
  • 5:15 – Communication and Unification
  • 8:00 – A mediator and guide – What a Coach is for
  • 8:40 – Areas of a healthy NewlyWed financial discussion
  • 10:50 – A Unified Vision
  • 14:15 – Dave’s Money Maxim
  • 16:56 – Starting To Talk, “As You Create:
  • 19:11 – Money is Emotional
  • 20:09 – What a Financial Coach is, Why Everyone Can Utilize One
  • 24:19 – Connecting with Coach Connections.

Money Maxim

Dave Jacobson - MoneyMaxim

Your What will only be as strong as your Why.  (This means that their passion leads, not the numbers). -Dave Jacobson

 

Contacts and Links from the Show

Here is the link to the free Guide  Free Newlywed Checklist from Coach Connections.

Coach Connection

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Ep17: Money and Mental Illness – Abigail Perry

Episode #17: Frugality for Depressives – Managing Money When Dealing With Mental Illness – With Abigail Perry



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Abigail Perry HeadShotBio: After a rare neurological disease nearly killed her at 19, Abigail was left with chronic fatigue and depression. She shares her story and encourages others. Abigail believes that “Everyone has limitations, no matter what your health and income levels look like. Most of us have a near-infinite number of things we should do (or want to do), but an all-too-finite amount of time and energy. Every day we make mistakes or take shortcuts due to overcommitment, stress, health issues or simple exhaustion. That’s not a flaw or personal failing. It’s normal. It’s human. The sooner we can accept this, the sooner we can find peace and balance in our lives.”

Show Description: Abigail and I discuss the influence of depression and mental illness on finance, and some practical ways to cope with finances while not giving up completely. We discuss comfort spending, creating inertia, and automation in making finances easier. Many many more powerful skills and ideas are found in her book!

ShowNotes:

  • 0:53 – About Abigail
  • 2:10 – Budgets and Mental Illness
  • 5:15 – Finding What Works For You
  • 6:50 – Online Bloggers: Only Sharing Success. “Everyone has Foibles”
  • 7:40 – The Foibles: Breathing Room, and “The Dad Syndrome”
  • 11:11 – Comfort Spending: Making Room For Hard Moments (and Weeks)
  • 13:40 – Building Enjoyment: Planning and The Power of Anticipation
  • 17:21 – What You REALLY Want – A Reason For Spending Habits
  • 20:40 – A Flurry of Powerful Habits from Abigail for Depression and Finances
  • 23:10 – Abigail’s Money Maxim

Money Maxim

MM36 - Frugality

“Celebrate Every Win, Big or Small, It’s Still Progress” – Abigail Perry

Action Items

Plan fun events 3-4 weeks out. Plan a vacation next fall, or next summer. Having an exciting event to build up to can keep you focused, empowered, and committed to a fun thing you can talk about, invite friends to, and help fight depression with. Plans create excitement, and a goal to work towards.

Realize when you’re expecting too much. And question why. Who told you that that expectation is required? Is it yourself? Or someone else who’s appearing perfect?

Create Buffer room in your Budget! If your spending plan doesn’t have extra money, or “cash nuances” or “fun money” you’re doing it wrong!

Share Your Wins! Share on FinancialGinger or In the Comments Below!

Contacts and Links from the Show

Buy Frugality for Depressives from Abigail Perry on Amazon! or from Barnes & Noble
I Pick Up Pennies, Abigails Blog. Her Facebook Group, Pinterest, and Twitter

Gift card granny is an aggregate site so you can check who has the best discount for the card you want. You can earn Granny Points when buying from certain sites, and you can trade those in for gift cards.

Unfortunately, Gift Card Granny doesn’t show results for CardCash though, which I also highly recommend. Every couple of months it offers an extra 3-5% sitewide. I get 16% off Walgreens or CVS gift cards.

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Episode #16 Happy Where You Are – Relationships Time and Money with Elizabeth Colegrove – The Reluctant Landlord

Episode #16 Happy Where You Are – Relationships Time and Money

with Elizabeth Colegrove – The Reluctant Landlord




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Bio: Elizabeth Colegrove is a landlord, a frugal living expert, and a proud world traveler. She is focused on early retirement and early financial freedom while maintaining a passion for traveling, exploring, and enjoying life! As a military wife who dated and married her sweetheart at a young age, she has many insights on early financial independence, expressing love to those close, and making everything enjoyable and fun.

Show Description: Today I talk with Elizabeth Colegrove from The Reluctant Landlord about dating, getting married young, and enjoying every part of it. Elizabeth met her husband at the age of 15, got engaged at the age of 20, and was married at the age of 22! We talk about enjoying time, and enjoying money, and enjoying life when one of those two are lacking!

ShowNotes:

  • 1:05 – Elizabeth shares how she met her husband
  • 2:30 – Dating at a Younger Age
  • 6:11 – Best Anniversary Ever! (The Effort Is All About Each Other)
  • 7:10 – A Peek into My Parents Anniversary 🙂
  • 8:30 – Making it work when you get married young
  • 11:20 – More things Elizabeth did to make it work when married young
  • 12:58 – Fun Runs the Show: Positive or Negative is your control
  • 13:41 – The biggest key to POWERFUL relationships. (13:41-14:01)
  • 14:01 – Making the most of a hard situation. Positive Style 🙂
  • 16:00 – Time. Money. Balance.
  • 18:10 – Saving $140,000 in 7 years. Couple Goals, and Working Hard
  • 19:59 – Going on a vacation to Hawaii and coming back with $2,500 dollars
  • 21:40 – How to make the 10 worst things in your life positive
  • 24:10 – More on making things positive and exciting
  • 25:50 – Example: turning 50-50 parent split time from a divorce into a positive thing
  • 27:11 – Elizabeth’s Money Maxim and Contact Info

Money Maxim

Maxim35 - Elizabeth Colegrove

“The Most Negative Things in your life can be the most positive if you can look at it in the right way”

“Your Feelings are YOUR Feelings”
“Take Your Tools and turn them into what works best for you”

“If you’re not liking a situation, CHANGE IT”

Action Items

Make a list of 10 things you HATE about life. Look at that list tomorrow, and think OKAY. How can I turn these things into a positive? (listen to 21:40-23:20)

Email me [email protected] , or [email protected] for help if you get stuck!

What is most available in your relationship right now? Time, or Money? Or neither? How can you make the most of it in a positive and uplifting manner? Comment below with something fun you’ve done recently!

Contacts and Links from the Show

Facebook:   Twitter:    Pinterest:    Website:   Email

 

Estevez Tax!

If you’re looking to get in on my exclusive partnership with Estevez Tax, and to get information on doing your taxes next year, book keeping for your business, or getting some tax consulting done for your business, or personal finances email me [email protected] Title: “Estevez: Tax Info”

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EP#15- 3 Money Stages of Relationships With Joseph Hogue

Episode #15- 3 Money Stages of Relationships With Joseph Hogue



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Joseph Hogue HeadshotBio: Joseph Hogue is a Chartered Financial Analyst and does research for small and medium-sized firms in the investment management industry including Equity & Investment Analysis, and Ghost-writing. Beyond that, he manages several blogs on crowdfunding, peer lending, stock markets, and making money at home. He serviced in the military, and worked for the state of Iowa as an economist. He’s bilingual, accomplished, and has lots and lots of experience in the finance and economics industries.

Show Description: Joseph and I discuss 3 different stages of relationships and some little thoughts about dealing with money both dating, serious relationships, and when we each get married. We also drop personal insights about budgeting, dating in some specific types of situations, and of course Joseph shares some personal experience.

ShowNotes:

  • 2:55 – Joseph shares how long he’s been married and a little about his marriage
  • 4:00 – People don’t talk about money in relationships. Why?
  • 4:23 – Let’s start with ourselves: societal expectations, and spending sprees
  • 7:30 – Buffer Our Budgets
  • 8:00 – Dating: Be yourself when on the hunt
  • 9:25 – Be what you want in someone else
  • 11:10 – Recognize you can’t do everything you want
  • 12:15 – Have money conversations before you have to
  • 14:00 – Handling Expectations
  • 16:00 – Money conversations and compatibility
  • 20:45 – Talking Debt with your partner: (Hint: Do it BEFORE the wedding)
  • 21:45 – Entrepreneurs and Dating: Thoughts and considerations
  • 23:50 – Being open with each other: Ambitions, Work, and Assuming
  • 26:10 – Newlyweds: Making it easy
  • 28:15 – Weddings and Debt
  • 30:00 – Relationships with couples making different incomes, dating, courting, & marriage. Supporting each other, mindset, and money’s purpose
  • 34:43 – Joseph’s Money Maxim

Money Maxim

Joseph Hogue Money Maxim 34

“Don’t sweat the petty things, don’t bet the sweaty things.”

Action Items

Set a budget where you can enjoy yourself: avoid the yoyo-spending splurge!

Have a financial partner in crime you can share your finances with.

Consider what you know about your finances and your partners finance (or what you may expect from a future partner). Do you know if they have debt? Do you know their spending habits? What level of information is good to know about that person? Talk to them about it. It’s a good conversation to have. If you need help, or want a 3rd party to help mediate or work on things together, contact me! I’d love to help

(would someone think it’d be cool for me to create a “NewlyWed Financial Checklist” or topics to discuss before marriage about money? Let me know in the comments or email me 😉 If there’s interest I’ll invest the time in research and make something awesome for my lovely listeners!)

Contacts and Links from the Show

Joseph Hogue has many websites he owns, runs, and writes for on a weekly basis.

Mystockmarketbasics.com

Myworkfromhomemoney.com

Peerfinance101.com

Joseph said feel free to email him to connect! [email protected]

Mentions

Kirk Duncan – 3keyelements

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EP14: Thinking of Homes, Considerations and First Time Buying -with Seth Worthen

Episode #14: Thinking of Homes With Seth Worthen of Osmond Real Estate




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Seth Worthen HeadShotBio: Seth Worthen was born and raised in Utah County. He graduated from Mountain View High School and is currently attending BYU studying Political Science. He is happily married and is expecting a baby in December. Seth is fascinated by all things real estate!

Show Description: Today Seth Worthen and I talk about the basics of buying a home, preparing for owning vs renting, important costs to consider when buying and maintaining a home, and the proper mindset to be in when you think about buying a home. We also take a moment to talk about the questions you should ask professionals to find the right professionals to work with.

ShowNotes:

  • 1:45 – How to Finance a Home: DownPayments
  • 2:20 – Programs for first time home buyers
  • 4:07 – Positives and Negatives of 0-down options
  • 6:30 – When people say “Buy a Bigger House”
  • 8:10 – More opportunities that come with owning
  • 9:20 – Extra costs to consider that come in buying a home
  • 10:55 – Pre-Qualification, things to know
  • 11:55 – Know your budget before you go in! Emergency Funds, and Wage Considerations
  • 14:45 – A Real Estate Agent That Rents? Seth explains why.
  • 16:05 – Dealing with and finding a strong and competent Real Estate Agent
  • 18:52 – Good People with Good Skills get Good Referrals, because people feel safe and comfortable with you. More Thoughts on Success
  • 19:45 – Deciding where you want to buy your house. “Must Haves” “Would Like” Lists.
  • 24:50 – Getting What You Want From Your Agent – Setting Expectations

Money Maxim

Seth Worthen Money Maxim

“You’re not dating a home, you’re buying it”

“Money is Not the End, And It’s Not A Means To An End. The End Is Your Life Goals”

“Do Your Best, And Money Will Be There”

Action Items

Cognizantly decide to be renting, or to be in a mortgage.

If you’re renting, consider what you want to buy, and why. When? Where is the money coming from to pay for the home? What level of savings do you want/need to feel comfortable, and to afford a downpayment? Would you use a 0-down option if it was available?

Know your budget before you go into buy. Meet with a counsellor or expert (there may be a cost, but it’s worth it!) to figure out what you are comfortable with and what different price ranges will mean on your cash flow and savings.

If an agent pushes you to ‘buy now‘, that’s a warning sign! They should know the market, learn your situation, and never push you to buy until you’re ready. (there’s a difference between pushing you, and helping you to take action you want and are a little nervous about)

Listen to the segment from 19:45 – 22:15. What are your “Must Haves”. What are you “Would Likes” What’s the difference between the two?

Contacts and Links from the Show

Seth Worthen: 385-539-9940
[email protected]

Zillow buy vs rent calculator

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Ep13: Personal Financial Responsibility with Ryan Michler

Episode #13 Personal Financial Responsibility with Ryan Michler

A discussion on Personal Responsibility, Money Self-Talk, and Creating Value.




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Michler-Ryan-Bio-PictureBio: Ryan Michler – 11 years of experience in managing money as a financial planner since he returned from service in Iraq. He created Order of Man to give men a community and resource to become better at all facets of life, from self-mastery to family, from money to contribution, and everywhere in between. Find him on OrderOfMan.com

Show Description: Ryan Michler Founder of Order Of Man, is a Father and Husband. We discuss when to consider getting life insurance, taking personal responsibility for our finances, and relationship mindsets around money. You have to listen to this show, as many of its concepts can’t be read, but must be heard and felt.

ShowNotes:

  • 2:45 – Why and When should you consider Life Insurance?
  • 5:28 – When should you start saving money for retirement/mortgage/x?
  • 6:00 – Ryan explains responsibility and choices we have around money
  • 7:26 – Personal Responsibility
  • 7:37 – An Awesome example of reasonability and sacrifice, My Girlfriend.
  • 8:45 – What “Free” means
  • 9:49 – Why you’re being paid what you’re currently being paid
  • 11:00 – Ryan shares how he has improved his financial situation
  • 12:30 – Being Real and Authentic makes you valuable, solve problems
  • 12:50 – Prudence: Money Relationships with others
  • 14:38 – Money relationships: how you see other people
  • 16:25 – We talk about common misconceptions on spending money
  • 17:00 – Keys to Prudence
  • 19:30 – Side Hustles: How to ‘go-for-it’ properly
  • 21:50 – Growing Wealth
  • 23:11 – How to find Ryan Michler and the Order Of Man

Money Maxim

“Money is simply a measurement of perceived value” -Ryan Michler

MM32 - OrderOfMan
Becoming More Valuable To More People = More Wealth

Action Items

There’s nothing inherently wrong with spending money, but make sure you’re setting some aside for a rainy day, or in the case of a disaster like loss of a job, or a medical surprise, or an unexpected car accident or water heater breaking.

Create a mindset of saving, it carries on. Even if its $50 a month, start saving something now!

If you aren’t meeting your financial goals. Find a solution: be proactive in finding a better job, or finding a job, or working enough hours to make the money you want.

Avoid the perfectionist mentality: It’s impossible to be perfect, so don’t expect it. It’ll make finding work and becoming stronger and better easier.

When you become a parent, or get a mortgage, or another factor comes up where you have a financial responsibility left undone if you were to pass-away. Consider insurance and look at if it’s prudent to get

If you’re starting or considering a side-hustle. You must commit. No dabbling, or ‘trying’. Set high expectations of what you’re going to put in, and expect it to take longer than you think it’ll take.

In your business, Consider what the tactics are that you need to implement every day to make it work? Share them in the comments below!

Write out your thoughts on what you are doing and what you need to do to be a better catalyst in creating wealth and value. What is a catalyst? How are you a catalyst? What one skill could you improve upon? Who can teach you that skill? Who is your accountability partner you’ll report to on your progress? Drop a line in the comments below!

Listen to an episode of order of man, http://www.orderofman.com/about/ I encourage EVERYONE to listen to his podcast.

Contacts and Links from the Show

OrderOfMan.com

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Ep12: Risk Management – A Military Perspective with OroTactical

Episode #12 Risk Management – A Military Perspective with ORO Tactical



Show Description: Today, I talk with Park McCumber, the CEO and founder of ORO Tactical. He was trained as a forward observer and has been stationed in Korea, Germany and more. Since his service, this man, both a Vet and active part of the guard, has started his own company, ORO Tactical, and actively uses military risk management techniques both personally and professionally. Park also gives, in the shownotes, and exclusive discount for listeners of FinancialGinger
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Park McCumber of ORO TacticalBio: After Graduating from High School in Sandy, Utah, Parker Joined the Army and served as a Fire Support Specialist in the 2nd cavalry regiment and as a Forward Observer in the 1st Cavalry division. He deployed to Kandahar Afghanistan in 2013 and is currently a Targeting NCO with the 65th Fires Brigade in the Utah National Guard. Parker is a Business Student at Utah Valley University, and the owner/operator of ORO Tactical.

ShowNotes:

The five steps of risk management

  • Identify Hazards and Risks
  • Assess Risk
  • Develop Controls / Preventative measures
  • Implement Controls
  • Monitor Risk and Controls for effectiveness

Continue reading Ep12: Risk Management – A Military Perspective with OroTactical

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Ep11: Taking Action With Technology – with Pluto Money

Ep11: Taking Action With Technology – with Pluto Money




Download This Episode Bios: Tim Yu and Susie Kim are the co-founders of Pluto Money, a mobile app making personal finance doable, engaging and approachable for the Snapchat generation. They met while at UCLA, and were inspired to start Pluto upon graduating because of the financial struggles they endured as college students. They’re on a mission to financially empower college students and other young people across the nation by leveraging technology, design and behavioral science.

Tim Yu - GoPluto FounderSusie Kim - GoPluto FounderShow Description: Today I talk with Pluto Money co-founders Susie Kim and Tim Yu’s financial troubles in college, and where they idea for Pluto Money came from. We talk about behavior around spending habits in College. We don’t start saving for retirement while we’ve got student debt and loans and school to pay for? So why do we save? What’s the purpose of it. GoPluto is an app being created by millennials for millennials, with the purpose of changing around you and your habits. As you age, you’re naturally going to have changes in your lifestyle and goals with your money. We talk about how Pluto helps you reach goals, manage your spending money, and start saving towards goals now, and future goals when you get there.

Join Tim and Susie on their first ever podcast, and also my first time having two guests simultaneously!

Shownotes:

  • Susie’s turning down acceptance to her dream Arts & Language program in London/Italy and why
  • Tim’s amazing internship with Expedia, and not saving any of it for the next school year
  • Pluto’s Target – Younger people with smaller amounts of Discretionary Income to spend better
  • 6:00 – The Mission of Pluto Money
  • 7:25 – Goal Based Saving
  • 8:20 – What Is Your Saving For?
  • 9:00 – Bite-Sized Steps to Reach Goals
  • 10:30 – Behavioural Finance
  • 12:00 – Motivation and Meditation
  • 13:20 – Where to Start – Don’t Get Overwhelmed, Keep it to One Thing At A Time
  • 15:00 – Opportunity Costs – Because You Can, Does It Mean You Should?
  • 17:05 – You Don’t Have To Know It All To Start
  • 18:26 – Pluto Money – Money around Millennial Lifestyle and Goals
  • 19:45 – Are College Kids Broke? It’s A Fallacy. We have 209 Billion dollars, just in college students
  • 20:15 – Details in How Pluto Works for You
  • 23:30 – Understanding Fixed and Variable Expenses
  • 24:45 – Realistic Goals for College Students (Don’t Save For Retirement in College, DUH)
  • 25:14 – Managing Money Is About Putting It Where It Matters
  • 26:15 –  Starting With Baby Steps
  • 27:18 – How Pluto Money App Works – The Heavy Lifting Done For You
  • 29:40 – Tips and Tricks behind Money from Tim and Susie For College Age / Recent Grads

Money Maxim

GoPluto - Maxim #30

“Spending To Be Happy Today Ain’t A Bad Thing, As Long As You’ve Got Enough To Be Happy Tomorrow” – Pluto Money

Action Items

  •  Stop saving money because you’re supposed to! Save for a pre-meditated purpose. Comment below with what you’re saving for! Or share it in in the Financial Ginger Facebook Group!
  • If you want to do better with money, First consider Why Do I Want to Be Better With Money? Write the answer down and put it somewhere you’ll see. Tweet it at me @FinancialGinger @GoPluto_io
  • What is something you want to take action on? Consider how much do you need to know to get started? Get that base amount and get going on it.
  • Start investing somewhere with a few dollars to get some practice in investing. Simple places to start include PlutoMoney along with -WealthFront, Betterment, Stash, and Acorns.
  • Finish your Degree!

Sign up here for GoPluto to get notified when Pluto’s invite-only beta launches on the App Store soon! Pluto truly simplifies how you manage your money. Automatically save for your goals when you complete simple, personalized challenges based on your finances Money Muscle

-Here’s an exclusive app invite code for you awesome TheFinancialGinger Podcast listeners: GOGINGER 

Contact and Links from Show

https://gopluto.io

[email protected] – Open to any questions, feedback, ideas or even just a hello!

Brian J Fog – Stanford Behavioural Research (creating habits)

Connect with Tim and Susie on:

Facebook – www.facebook.com/plutomoney

Twitter – www.twitter.com/gopluto_io