Young and Profiting (YAP) with Hala Taha

Joel Larsgaard & Matt Altmix: Our Top Personal Finance Hacks for Millennials | E282

Apr 5, 2024

Guests Joel Larsgaard and Matt Altmix discuss personal finance hacks for millennials, touching on topics like spending triggers, credit scores, homeownership vs. renting, and the dangers of 'buy now, pay later' systems. They also share tips on saving more, avoiding impulse buying, and the importance of paying yourself first in personal finance.

01:19:57

Episode guests

Joel Larsgaard

Matt Altmix

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Money is a tool, not the end goal, enabling life objectives.

Avoid mimetic desire by making personalized financial decisions.

Anchor financial choices to a clear purpose for motivation.

Implement practical strategies like the 48-hour rule for mindful spending.

Deep dives

Viewing Money as a Tool, Not the Goal

It is crucial not to view money as the ultimate goal in life. The speakers emphasize the importance of considering money as a tool that can aid in achieving life's objectives rather than an end goal. By reframing the perspective on money, individuals can avoid being trapped in a never-ending cycle of seeking more wealth without finding true fulfillment.

Introduction

2min

Making Personal Finance Engaging and Fun

17min

Exploring the Early Growth of a Personal Finance Podcast and Partnership with iHeart

3min

Transitioning to Full-Time Podcasting and Finding Work-Life Balance in Personal Finance

2min

Balancing Work and Personal Life for Success

8min

Mindful Spending and Financial Habits

21min

Building Confidence and Avoiding Money Pitfalls

8min

The Importance of Paying Yourself First in Personal Finance

19min

While Joel Larsgaard had to watch his parents declare bankruptcy, Matt Altmix grew up in a financially healthy family where money was discussed. They met as adults and became best friends, bonding over real estate investing, personal finance, and craft beer. When they saw a need for a casual personal finance show, they launched How to Money, a podcast that has now been downloaded more than 40 million times over the past few years. In this episode, Joel and Matt share their best tips and tricks for staying ahead of your finances.

Joel Larsgaard is a former senior radio producer on the nationally syndicated Clark Howard Show. In pursuit of his dream to achieve financial freedom, he started working young and now manages a modest real estate portfolio.

Matt Altmix is a former wedding photographer and business owner. Before switching to photography, he worked in the advertising space as a designer. Matt also manages several investment properties.

In this episode, Hala, Joel, and Matt will discuss:

- The origin story of Joel & Matt's podcast

- Why millennials are saving less

- Spending triggers and how to avoid them

- The 48-hour rule and other tips for curbing impulse buying

- The danger of the ‘buy now, pay later’ system

- How to improve your credit scores

- Tips and tricks to spend less and save more

- Homeownership vs. renting

- And other topics…

Joel Larsgaard is a former senior radio producer on the nationally syndicated Clark Howard Show. He started working young, first mowing lawns, then doing a three-hour shift at the Chick-fil-A across from his high school. He made only $24,000 a year at his first job in radio but saved up 20% to put down on his first house. In pursuit of his dream of achieving financial freedom, he became a part-time landlord with a modest real estate portfolio of seven properties in Atlanta.

Matt Altmix is a former wedding photographer turned full-time podcast host. Before switching to photography, he worked in the advertising space as a designer. While in school, he and his wife shared dreams of starting their own businesses. After they got married, they started Altmix Photography, running it together until Matt decided to focus on podcasting full-time. Matt also manages several investment properties.

Resources Mentioned:

Joel’s Twitter: https://twitter.com/HowToMoneyJoel

Joel’s LinkedIn: https://www.linkedin.com/in/joel-larsgaard-70175566/

Matt’s Twitter: https://twitter.com/HowToMoneyMatt

Matt’s LinkedIn:https://www.linkedin.com/in/matthew-altmix-989161a/

How to Money Website: https://www.howtomoney.com/

How to Money Twitter: https://twitter.com/HowToMoneyPod

How to Money Instagram: https://www.instagram.com/howtomoneypod/

How to Money Facebook: https://www.facebook.com/groups/1623670287732189

How to Money Podcast: https://podcasts.apple.com/us/podcast/how-to-money/id1337718773

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