Inside Out Money

Discover favorite credit cards and their travel perks, plus the best high-yield savings accounts and index funds for investing. Learn life hacks for saving money, like rotating streaming subscriptions and smart expense tracking. The hosts share valuable money mantras and behavioral insights to curb impulse spending. They also recommend must-have financial apps and favorite purchases that improve wellbeing—big or small. Tune in for inspiring stories and practical tips to empower your financial journey!

Wondering if you can afford a sabbatical? This discussion covers everything from rising interest in career breaks to calculating essential costs. Explore the differences between formal sabbaticals and unpaid breaks, and learn how to ensure job protection and rehireability. The hosts delve into the implications of debt, emergency funds, and even health insurance coverage, while highlighting the effects on long-term finances. Plus, get tips on proposing your break to your employer and consider testing the waters with short breaks first!

Explore the transformative power of appreciating what you already have. The hosts discuss how consumer culture fuels an endless desire for more and share insights on recognizing everyday abundance, from secure homes to overall health. They highlight the benefits of gratitude, which can rewire your brain to reduce anxiety and promote contentment. Practical tips include creating a financial gratitude list and pausing before nonessential purchases. This is about cultivating a mindset that prioritizes happiness over consumption.

Explore the dangers of perfectionism in personal finance and how it can halt your progress. Discover the 80/20 rule of money, emphasizing that simple, consistent actions yield better results than chasing tiny advantages. Learn personal stories about analysis paralysis and the balance between DIY investing and seeking professional advice. The hosts argue for automating savings and prioritizing high-importance financial strategies over trivial details. Ultimately, they highlight that action beats perfection, urging listeners to adopt practical habits.

Dive into the intriguing world of mindful spending as the hosts dissect Morgan Housel's insights on maximizing happiness through money habits. They explore how personal experiences shape our perceptions of spending and the differences between spending for utility versus status. The conversation highlights the importance of managing expectations and discovering what truly matters in life. Engaging anecdotes and thought-provoking debates shine a light on the balance between desiring less and chasing more, making it a compelling listen.

Exploring the allure of quick riches, the hosts discuss the common misconception that luck equals skill in investing. They debunk get-rich-quick schemes, revealing how these fantasies prey on our fears and desires. Highlighting the effectiveness of simple strategies, they argue that consistent, boring investing often trumps complex, high-risk approaches. The conversation also touches on red flags of dubious investment pitches and the emotional manipulation behind influencer marketing. Ultimately, they advocate for steady wealth-building through disciplined saving and low-cost index fund investing.

Stop chasing the next big purchase and start finding genuine contentment. The world tells us that more money, more stuff, and a higher status equal happiness, yet we only feel more anxious and unfulfilled. Enter the ancient philosopher Epicurus, who flips the script on modern consumerism. We discuss how the Epicurean pursuit of tranquility and freedom from pain is the shortest, most reliable path to happiness and financial independence. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/134-finding-happiness-through-ancient-wisdom-the-epicurus-way/

The holidays are meant to be about joy, but somewhere along the way, we've let them become a source of stress, guilt, and financial and emotional strain. We’ve all felt the pressure to overspend, over-commit, and keep up with picture-perfect social media feeds. We offer a practical antidote to the madness, with five actionable ways to reset your holiday expectations using an "inside out" approach that prioritizes your peace and financial well-being. Learn how to identify your true core values and use them as a simple filter to cut back on time, money, and emotional spending that doesn't align with your goals. We also provide clear, direct scripts for navigating the awkward "gift-free" conversation, setting necessary boundaries with family.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/133-five-ways-to-reset-holiday-expectations/

This is your masterclass in returns and reclaiming your money with grace and strategy. We reveal why returns matter and how to turn a common headache into a financial win. We go beyond the simple act of taking something back and share how to approach shopping with an "exit strategy" and that things are often negotiable. Listen to some of our craziest return stories and discover the creative ways you can advocate for yourself and your money.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/132-the-art-of-the-return-get-your-money-back/

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.