The Personal Finance Podcast

Discover why tracking your net worth is more crucial than budgeting alone. Learn how to conduct a net worth audit and identify financial red flags. Andrew shares a checklist for listing assets like cash and real estate, as well as liabilities, ensuring you avoid common pitfalls. Explore motivation and accountability tips tied to your net worth milestones. Plus, uncover seven high-impact strategies to quickly boost your financial standing. This is essential listening for anyone seeking financial freedom!

Join the community built to help you master your money, stay accountable, and reach financial freedom. 👉 Join ⁠Master Money Academy⁠ today! In this episode of The Personal Finance Podcast, Andrew reveals how millions of Americans retire with far less than $1 million—the median retiree age 65-74 has only $200,000 saved and 40% live solely on Social Security. He breaks down how people make it work by relying on Social Security, paid-off homes, modest spending, and part-time work, exposes the hidden costs of "barely getting by" retirement, and shares a practical gameplan if you're behind so you can aim higher than just survival. Listen to The Business Show ⁠here⁠. Join ⁠The Master Money Newsletter⁠ where you will become smarter with your money in 5 minutes or less per week Here! Partner Deals Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at ⁠Indeed.com/personalfinance⁠ Get 50% Off Monarch, the all-in-one financial tool at ⁠www.monarch.com/PFP⁠ Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at ⁠chime.com/⁠  DELL: Get a new Dell AI PC starting at $749.99, at ⁠Dell.com/ai-pc⁠. Policy Genius:  Go to ⁠policygenius.com⁠ to get your free life insurance quote. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at ⁠shopify.com/pfp⁠ Wayfair: ⁠Shop outdoor furniture, grills, lawn games, and WAY more for WAY less⁠ DeleteMe: Go to⁠ https://joindeleteme.com/PFP20/⁠ and Use Promo Code PFP for 20% off! Plaud AI https://www.plaud.ai/ — an AI wearable gadget that takes notes of meetings and calls. With Plaud, you don’t have to take notes and make summaries anymore.   Resources Mentioned ⁠The Total Cost of Ownership Calculator⁠ Links of the Episode Mentioned: ⁠The 1-3-6 Method For Building & Managing Your Emergency Fund ⁠ ⁠The Average Retirement Savings By AGE! (2025 Edition)⁠ Connect With Andrew on Social Media: ⁠Instagram⁠ ⁠TikTok⁠ ⁠Twitter⁠ ⁠Master Money Website⁠ ⁠Master Money Youtube Channel⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Join the community built to help you master your money, stay accountable, and reach financial freedom. 👉 Join Master Money Academy today! In this episode of The Personal Finance Podcast, Andrew reveals the shocking truth that while homes increased 400% since 1970, the S&P 500 returned 7,000% in the same period. He breaks down three full case studies showing the real total cost of ownership including property taxes, maintenance, insurance, and opportunity cost, plus when buying still makes sense and how to calculate your total cost of ownership. Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Listen to The Business Show here. Partner Deals Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Get 50% Off Monarch, the all-in-one financial tool at www.monarch.com/PFP Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn’t affect your credit score. Get started at chime.com/  DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc. Policy Genius:  Go to policygenius.com to get your free life insurance quote. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at shopify.com/pfp Wayfair: Shop outdoor furniture, grills, lawn games, and WAY more for WAY less DeleteMe: Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off!   Resources Mentioned The Total Cost of Ownership Calculator Master Money Co Resources Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

Get ready to turbocharge your finances with a 10-phase year-end checklist! Discover quick wins to save money instantly, like canceling subscriptions and maximizing retirement contributions. Learn how to automate your finances, review your spending habits, and reset your net worth for the upcoming year. Optimize your investments with tax strategies, and check your credit health. Don't forget to audit your insurance and update your estate planning documents. Finally, set actionable financial goals for 2025 to ensure a prosperous new year!

Discover how to harness the power of automation to streamline your finances and reduce stress. Learn to create a flow-through checking account that acts as your financial hub and automate your savings and investments with strategic plans. Find out how to manage bill payments effortlessly while earning rewards responsibly with credit cards. Plus, explore techniques for setting up emergency funds and conducting quick monthly reviews to stay on top of your financial game!

Explore how retirement savings vary across generations, from Gen Z's compounding advantages to Millennials’ gaps needing action. Discover effective catch-up strategies for Gen X. Baby Boomers face risks by depending too much on Social Security. Gain insights on prioritizing Roth IRAs over student loans, navigating brokerage switches for fractional shares, and actionable tips for investing in out-of-state rental properties. Tune in for practical advice on building your financial future!

Explore wild money dilemmas from Reddit as a couple reacts to shocking stories. They discuss a boyfriend demanding a luxury car post-lottery win and the dangers of dating someone who borrows but won't repay. Delve into ideas on gifting boundaries and why stating preferences matters. Hear about parents setting college funding limits and the importance of financial protection when in-laws exert control. Each story highlights red flags and manipulative behaviors to help listeners navigate their own financial relationships.

In this insightful discussion, Chris Hutchins, a travel rewards expert and host of the All The Hacks newsletter, dives into the evolving landscape of travel hacking. He debates whether the skyrocketing annual fees and devalued loyalty programs still make travel hacking worthwhile. Chris explores the pros and cons of Chase vs. Amex, highlights the growing appeal of cashback alternatives, and shares advanced strategies for maximizing rewards. Expect hilarious travel mishaps and invaluable tips for making the most of your points—perfect for dream trips!

Discover critical retirement strategies you might be missing! Learn how to build a healthcare plan to combat rising costs and effectively cover the pre-Medicare gap. Find out why creating a cash buffer is essential for financial security during market downturns. Explore the benefits of entering retirement debt-free and maximizing your HSA for tax advantages. Delve into estate planning to protect your legacy and how to prepare for inflation impacts. Plus, consider a phased retirement strategy for ultimate control!

Explore essential retirement milestones to ensure you're on track! Learn how to define your dream retirement vision and estimate your retirement number using the 25x rule. Discover various strategies for withdrawing funds, maximizing your Social Security benefits, and diversifying income streams. Plus, find out how catch-up contributions and Roth conversions can significantly enhance your savings. Finally, protect your wealth from scams while gaining total control over your financial future!