The Personal Finance Podcast

Discover the powerful 7-0 method designed to wipe out high-interest debt quickly. Learn how mindset shifts and practical expense reduction can lead you to a $0 balance. The podcast compares the debt avalanche and snowball methods, emphasizing how the snowball approach can boost motivation as you tackle your debts. Tune in for essential tips on prioritizing your payments and achieving financial freedom in less time!

Unlocking the secrets of money psychology is a game changer! Discover how to shift from a scarcity to an abundance mindset, and recognize your emotional spending triggers. Gain insights into the importance of documenting these triggers and redefining your money identity. Confidence in finance matters—focus on your own journey instead of comparisons. Lastly, learn to build financial confidence through actionable steps, setting personal goals, and overcoming the fear of decision-making. Transform your relationship with money today!

Discover the secrets to building back your emergency fund and the effective 136 method. Explore whether it's wise to invest your HSA funds and how to handle an extra $500 monthly. Debate the merits of paying off high-interest debt versus saving, and discuss the nuances of rolling over your IRA. Dive into the age-old question of renting forever versus buying a home, especially in high-cost areas. Plus, get insights on navigating Roth contributions based on your income. Valuable financial strategies await!

Nick Huber, author of "The Sweaty Startup", chats about building wealth through unglamorous ventures. He highlights the surprising profitability of boring industries like fire protection services. Resilience in sales and the art of delegation are key to entrepreneurial success. Huber suggests optimizing local talent and hiring internationally to cut costs. He also discusses the balance between cash flow and equity, emphasizing the importance of clear financial goals in entrepreneurship. Get ready for a fresh take on wealth-building!

Discover the seven damaging money habits that trap individuals in a cycle of financial struggle. Learn how to create a solid roadmap for financial freedom by focusing on significant decisions rather than minor expenses. Explore wealth-building strategies that prioritize location and smart investments. Gain insights on mastering your finances with budgeting and automating savings. Finally, transform your mindset by challenging negative beliefs about money and eliminating unnecessary costs for a brighter financial future.

Join Justin Peters, host of the Fi Minded Podcast and advocate for financial independence, as he dives into the significance of creating a Financial Independence bucket list. He shares captivating stories about mini retirements that combat burnout while enhancing life clarity. Listeners learn innovative savings gamification techniques and the importance of balancing present enjoyment with future goals. Justin emphasizes flexibility in work schedules and how intentional spending can lead to richer, more fulfilling experiences as one pursues financial freedom.

The discussion dives into the dilemma of paying off debt versus investing, examining how personal circumstances affect financial decisions. Listeners learn how to optimize a child's Roth IRA and navigate small business finances, including write-offs and taxes. The hosts also tackle the value of disability insurance and provide strategies for managing student loans while maintaining an investment focus. Finally, they share insights on selecting the right business structure, emphasizing liability protection and tax implications in California.

Discover essential strategies to protect your personal finances online in an age of rising cyber threats. Learn how tools like password managers and two-factor authentication can safeguard your sensitive information. The discussion highlights practical tips to outsmart identity theft and secure your financial future.

Discover the hidden potential of Health Savings Accounts (HSAs) as powerful retirement tools! Learn about their impressive tax benefits and how they differ from Flexible Spending Accounts. Uncover effective strategies for maximizing contributions and efficiently tracking medical receipts using Google Drive. Plus, find out why Fidelity is a top choice for HSA providers. Dive into the versatility of HSAs and their crucial role in covering medical expenses and enhancing long-term financial growth. Get ready to supercharge your savings!

In this episode of the Personal Finance Podcast,  we are going to talk about  how much should you have saved in your Roth IRA by age.Watch this Episode on Youtube How Andrew Can Help You:  Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew’s course teaching you how to invest!  Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok.  Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.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/ Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Go to joindeleteme.com/pfp20 for 20% off! Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Turn your business dream into reality! Apply now at www.oneday.org/pfp  Go to Acorns.com/pfp and start automating your investments and get a $5 bonus today! Go to https://joindeleteme.com/PFP20/ for 20% off! Shop Data Plans and Save Big at mintmobile.com/pfp   Links Mentioned in This Episode:  The Mega-Back Door Roth IRA (How to Get an Extra $43,500 in Your Roth!) 10 Powerful Portfolio Strategies (And Which One is Right for You!) - Part 1 10 Powerful Portfolio Strategies (And Which One is Right for You!) - Part 2 Connect With Andrew on Social Media:  Instagram  TikTok Twitter  Master Money Website  Master Money Youtube Channel   Free Guides:   The Stairway to Wealth: The Order of Operations for your Money  How to Negotiate Your Salary  The 75 Day Money Challenge  Get out Of Debt Fast  Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices