Inside Out Money

Explore the crucial concept of rebalancing your investment portfolio to manage risk rather than chase returns. Discover how allocations can drift over time and the importance of timing your rebalancing efforts. Learn about the tax consequences of rebalancing, including tips for handling tax-deferred accounts. The hosts also delve into automated options like robo-advisors and target-date funds. Finally, hear personal insights on risk tolerance and practical steps to effectively rebalance across different accounts.

Dive into the fascinating tug-of-war between your emotional and rational brains, exploring Dr. Steve Peters' Chimp Paradox model. Discover why your 'chimp' often takes the reins in impulsive spending during moments of weakness. Learn actionable strategies to regain control over your financial choices, embracing mindfulness to quiet those emotional impulses. From setting boundaries to reprogramming habits, this engaging discussion equips you with tools to box your chimp and make confident money decisions.

Feeling broke while earning a six-figure salary? You're not alone! This discussion uncovers the H.E.N.R.Y. dilemma, where high earners struggle with lifestyle creep and unclear financial goals. Learn how to pause, align your spending with personal values, and escape the comparison trap. Discover the importance of tracking expenses and defining your 'why' to reclaim financial clarity. Tune in for insightful advice on building real wealth!

What does a 'good life' truly mean? The discussion challenges the notion that happiness is tied to material wealth, highlighting the importance of mindset and meaningful experiences. Time and relationships emerge as crucial elements of fulfillment. Listeners are encouraged to seek true wealth through thoughtful spending and financial independence, while personal anecdotes illuminate the journey toward a richer life. The conversation also touches on home repair woes, adding a relatable twist to the pursuit of happiness.

Are home warranties worth it? We answer this question and more. We break down how home warranties work, their pros and cons, and considerations for your primary home versus a rental property. We share personal experiences with home warranties and offer our tips on how to shop for and maximize the benefits of a home warranty if you decide to purchase one.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/127-home-warranties-a-safety-net-or-a-money-pit/

Setting limits can get a bad rap, but limits are actually the key to a more joyful and abundant financial life. We redefine budgeting and setting limits not as a thing of deprivation, but as a path to peace, and share how setting healthy financial limits can reduce decision fatigue, build powerful discipline, and surprisingly, create more freedom and joy with your money.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/126-the-real-l-word-why-limits-are-your-new-best-friend/

Let's make paying off debt a little more fun and a little less of a slog. We deep dive into the psychology of debt repayment and offer some of the more enjoyable ways to stay motivated and on top of your debt payoff journey. We’re moving beyond standard budgets and interest rates to discuss the power of “hacking” your brain, leveraging the principles of behavioral science to stay motivated, celebrate your wins, and finally break free from the burden of debt. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/125-the-psychology-of-debt-how-to-stay-motivated-while-paying-off-debt/

Discover the intricacies of retirement planning, from 457B plans to Roth conversion ladders. Learn how to navigate cash management and maximize your 401k contributions effectively. The hosts tackle the debate between U.S. and international investments, emphasizing the need for a diversified portfolio. Gain insights into tracking Health Savings Account expenses efficiently, and uncover strategies for managing Required Minimum Distributions. Packed with humor and real-life anecdotes, this discussion empowers listeners to make informed financial decisions.

Discover how to create your own dopamine menu to enjoy feel-good moments without spending a dime. The podcast uncovers the science behind dopamine and its connection to shopping habits. Tune in for quirky stories about impulsive purchases, and learn healthier alternatives to boost your mood, like physical activity and nature walks. Mindfulness techniques and community connections are also explored, helping you find lasting happiness beyond consumerism. Say goodbye to retail therapy and hello to cost-free joy!

Debt is often seen as a normal part of life, but this discussion challenges that notion. Personal stories reveal how societal pressures and easy credit lead to unintentional debt. The conversation highlights the hidden costs of debt, from stress to limiting choices. Listeners are encouraged to rethink their financial decisions, especially regarding auto loans and education. The importance of a debt-free identity and cultivating resilience is emphasized, alongside practical strategies for debt repayment. Humor and real-life anecdotes make this a relatable and insightful chat.