Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.

Did you know that almost half of Americans would not be able to come up with $400 to cover an emergency? And if ever there’s a genuine ‘need money now’ situation, it’s an emergency. If that isn’t shocking enough, 25% of those earning more than $100,000 are among that 47%. Sooner or later it happens to the best of us; you’re in a position where you need money now. If you are in a jam and need to come up with extra funds in the short-term, don’t stress out just yet. We’re here to help you make money today.It's scary to be in this position, and you might be tempted to do things that will make the problem even worse. Take a deep breath and read on. We are going to help you find the money you need.Full Article Here Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on the show we have New York Times bestselling author and founder of I Will teach You To Be Rich Ramit Sethi on the show to talk about Mastering Psychology.If you follow all things personal finance, you know the name, Ramit Sethi. He wrote the best selling book, I Will Teach You To Be Rich and it was published at the worst point of the financial crisis in 2009. Ten years on, 98% of the advice in the book is still applicable. The recipe for getting rich doesn't really change very much over time.Now on the eve of its tenth anniversary of his first super successful book, comes a significant cover-to-cover revision. At the core of the revised book is Ramit’s shows you step-by-step how to beat banks and credit cards at the fee game, automate your savings and investments, negotiate a raise, manage student loans, and enjoy vacations and other things you love by practicing conscious spending. Full Article HereShow Notes18 Watt Session: An IPA from Beer Smiths.Technicolor Splendor: A Double IPAYou can preorder your copy of Ramits' new bookhere. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's time for 5 questions about debt forgiveness, credit scores, and more Golden Butterfly. We got a ton of great questions lately, and the Golden Butterfly episode generated a lot of interest, so we wanted to dive a little deeper.We've been doing 5 questions episodes more regularly because we get so many great questions so keep sending them in!Full Article HereShow NotesImperial Doughnut Break: Evil Twin Brewing.Canvas:Outer Range Brewing Company Learn more about your ad choices. Visit megaphone.fm/adchoices

Oh to be young again or even just younger than you are now. Just think of all the things you would do differently. You wouldn't waste so much time dating losers, you would have taken better care of your health. So many mistakes. Youth is wasted on the young as the saying goes. But perhaps no mistakes sting quite so much as the money mistakes we made.Maybe you got into credit card debt, bought a house you couldn't really afford or lost a bundle on a bad investment. Or perhaps worse, waited so long to invest that you're scrambling to catch up so you can have enough money to retire. We all have the benefit of hindsight when it comes to the dumb things we did or did not do when we were younger. We can't change those mistakes but we can learn from them, correct them where we can, and not make them again.We have made a lot of money mistakes and we'll probably make more in the future. But looking back, this is the money advice we would give ourselves.Full Article HereShow NotesGrim Blended Mix:A Cultured Sour AleHigh Fiving a Million Angels: Matt's own brew, a New England Style IPA Learn more about your ad choices. Visit megaphone.fm/adchoices

A lot can happen over the decades. There will be recessions, bear markets, bull markets, political upheaval, possibly even depressions. What should we do with our money in each of these scenarios? Do we up-end our asset allocation every time some pundit is on CNBC screaming at us?Certainly not. One of the key components of our investment philosophy is to set it and forget it.  When you are constantly buying and selling based on the prevailing economic conditions, you’re practicing the exact opposite of set it and forget it investing.We need to create a portfolio that performs well in all conditions. Well, we don’t need to create this portfolio because someone has done it for us. And that someone is not just anyone. He happens to be Bridgewater Associates hedge fund manager Ray Dalio, one of history’s legendary investors.Ray Dalio created what is known as the All Weather Portfolio which contains the exact asset allocation you need to make money in any kind of economy. But Ray Dalio’s All Weather Portfolio has some competition, in the form of the Golden Butterfly Portfolio. LMM is a huge Ray Dalio fan. Can the Golden Butterfly best our boy?We love a good smackdown so we’ll breakdown the All Weather Portfolio and the Golden Butterfly Portfolio. May the best portfolio win.Full Article Here Show NotesPhiloso Raptor Jersey City Belgium Style AleDouble Dry Hopped Coriolis Effect New Zeland Style IPAGet Started Investing Betterment Learn more about your ad choices. Visit megaphone.fm/adchoices

Rental properties can be a great source of passive income but there are a lot of variables. What do you need to know to make sure you buy the right rental properties? Well, doing is the best way to learn anything.We podcasted about rental properties and wrote about rental properties and built a tool to help you find and compare rental properties. Oh, and Andrew and Laura bought 3 rental properties in quick succession.Mistakes have been made and lessons have been learned. Is cash flow the most important determining factor? Do you need to pay a management property? That cuts into your profits after all.Once you have a set of criteria that a house must meet in order to be a good real estate investment, should you change it? If so, when and why? If a tree falls in your front yard in Georgia but you live in Hoboken and don’t hear it, did it really fall?A few years ago LMM went on something of a rental property tangent. We were excited and you all got excited too. But then some big things happened. LMM became a full-time occupation, new sites were built and launched.During that time, we got lots and lots of emails wanting advice on buying rental properties and lots of people requesting an update on how the properties Andrew and Laura bought were doing. Did they regret buying them? Were they planning to buy more?We heard you. So here it is, 3 rental properties and 2.5 years later, we’re spilling the tea.Full Article HereShow NotesRaspberry Blush McKeller and Friends: A delicious sourNew England Style IPA own brewRoofstock - A Marketplace for Turnkey Rental PropertiesSimple Wealth - Research and evaluate rental properties and build a profitable real estate business. Learn more about your ad choices. Visit megaphone.fm/adchoices

We love 5 questions episodes because they are based on questions our listeners want answers to. We’re going to cover questions related to Betterment’s Smart Saver Account, student loans, investing with Fidelity versus Vanguard, your house as a retirement fund, and incorporating a business.Full Article HereShow NotesSide Squeeze: Gun Hill BrewingEchos: Outer Range Brewing CompanyKeep Em Coming!Thanks to everyone who wrote in with questions. We choose questions that cover topics lots of people are writing in about so we can reach a lot of you in one place. If you have questions, hit us up at listenmoneymatters@gmail.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve all made New Year's resolutions and then a year later, failed to achieve them. What if instead of planning ahead for one year, we made a ten-year plan? Ten years is a long time. You have time to fail and learn and try again. If you want to achieve not just a few resolutions but a remarkable life, you need to embrace the idea of creating a ten-year plan.Full Article HereShow NotesPillow Hat Little IPAOuter Range Shade it Black IPA Learn more about your ad choices. Visit megaphone.fm/adchoices

The American Dream. Most of us were brought up with the idea of the American dream and home ownership has been sold to us as a fundamental part of that dream. But what’s so great about owning a home? Is it a great investment? No, it isn’t, not if you’re planning to live in it yourself. An investment is something that makes you money. A house does not make you money, not even after you’ve paid off your mortgage because you still have to pay for things like repairs, maintenance, and property taxes. Ideally, your home does make money once you sell it but there is no guarantee of that as we’ll see when we look at Matt’s numbers. Full Article HereShow NotesBig Ass Money Stout: Evil TwinI Love You With My Stout: Evil Twin Learn more about your ad choices. Visit megaphone.fm/adchoices

A majority of economists polled by the Wall Street Journal think that a recession is in our future in 2020, 59% to be exact. Another 22% say 2021 making over 80% of economists think we’re between 1 and 2 years away from a recession.Ray Dalio, our hero and spirit animal, said in February 2018 that we were about two years away from a recession. So, according to him, we have one year left.It’s time to seriously prepare.We were about 2 years from a recession, 1 year ago. 2019 is either the year you must get your shit together.  There is no try. You saw what happened to the unprepared in 2008. Learn more about your ad choices. Visit megaphone.fm/adchoices