The Personal Finance Podcast

This podcast compares direct indexing to index funds and ETFs, discussing the advantages and drawbacks of each. It also explores Mint's transition, introduces Monarch Money as an alternative, and discusses different funds and asset allocation in Thrift Savings Plans. The speaker emphasizes the importance of long-term investment strategy, risk tolerance, and portfolio diversification. The hosts express gratitude to listeners, discuss future content plans, and promote the 'All the Hacks' podcast.

Maya Corbick, a financial literacy expert, joins the host to discuss teaching kids about money and wealth. They emphasize the importance of starting early and teaching concepts like compound interest. They also discuss teaching teens about saving, investing, credit card management, and debt. They highlight the power of compound interest and offer fun ways to teach it. They reflect on the importance of time and investing in achieving financial stability.

Learn how to run the numbers on a rental property using a rental property calculator tool. Discover the importance of off-market deals and obtaining a real estate license. Explore criteria for investing in B or C class properties and factors like crime rates and job market. Hear about the speaker's experience buying a duplex and dealing with tenant challenges. Gather property information, determine holding time, and set the analysis period. Utilize a rental property calculator to analyze financial aspects and get recommendations on reliable calculators.

The podcast discusses gradually reducing expenses and updating your 401k. It also emphasizes taking action and personal growth. The importance of networking and building connections in your industry is highlighted, along with updates on social security payments for 2024.

Learn about investing in real estate with Fundrise. Find out how to maximize your wealth during three paycheck months. Avoid holiday debt with proper planning. Master the skill of negotiation with recommended books. Protect yourself online and update your net worth regularly. Calculate your net worth to reach financial goals. Understand the importance of knowing your financial baseline for money decisions.

Learn strategies for becoming a millionaire by 30, such as asking for a raise and starting a low barrier to entry business. Discover the different types of leverage and how they can help build wealth. Explore various paths to achieving financial success at a young age, including selling businesses and benefiting from property appreciation.

Learn about the importance of consistency in building wealth through a payday routine. Discover the BFF method to determine your baseline number. Understand the importance of essential expenses, increasing income, and prioritizing spending according to your values. Find out how investing in services can help buy back your time.

George Kamel, an expert on breaking free from toxic money culture, discusses topics such as the dangers of debt, simplifying personal finance, the power of financial education, and practical steps for living debt-free. They emphasize the importance of analyzing data in financial decision-making and making lifestyle changes to save money. The chapter also explores expense tracking, Aldi for groceries, insurance shopping, and the challenges of balancing finances as a new parent.

Learn about the low retirement savings rate in America and the benefits of saving for retirement. Discover the power of saving and investing, reducing impulse purchases, and canceling unnecessary subscriptions. Understand the impact of going into debt to please children and the challenges of saving for a down payment. Emphasize the importance of prioritizing self and building wealth.

Andrew Sather and Dave Ahern discuss how to start investing for beginners, covering topics such as starting a portfolio from zero dollars, investing psychology, choosing investments based on risk assessment, types of investment accounts, holding period, and the importance of diversification based on one's life stage.