Inside Out Money

You've diligently saved and invested, and now comes the pivotal question: How do you live off those funds, especially in early retirement? We discuss the various withdrawal strategies, going beyond the basic 4% rule to explore dynamic and flexible approaches. Learn how to consider tax implications, access retirement accounts early without penalties, and build a resilient plan based on your specific situation and goals. Whether in the accumulation or spending phase, this will help you learn practical steps to create a thoughtful plan.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/112-withdrawal-strategies-in-early-retirement-a-flexible-strategy-and-account-playbook-to-fund-your-retirement/

Whether it's a lottery win, an inheritance, or a work bonus, a windfall can feel like a dream come true, but mishandling it can quickly turn it into a financial nightmare. We dive into the crucial first steps you need to take, understanding the tax implications, setting meaningful financial goals, and creating a solid plan to protect and grow your newfound fortune. And learn about the common pitfalls that can derail even the best intentions. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/111-how-to-handle-a-windfall-protect-your-future-fortune/

Raising financially savvy kids is easier than it sounds! A teenager joins to share insights on teaching money management from an early age. Practical strategies include using grocery shopping as a lesson and prioritizing education over material gifts. The discussion also delves into the importance of open conversations about finances in blended families and navigating the complexities of college costs. With a mix of personal anecdotes and actionable tips, it’s all about fostering a healthy financial mindset in children.

Buckle up for some exciting news from co-host Andrew! Andrew shares what is next for him after 25 years in Corporate America, and it might not be what you think! Andrew shares the journey that led him to this pivotal moment, from early FIRE aspirations to pandemic-fueled perspective shifts to navigating his next chapter. Andrew explores intriguing paths ahead and what’s on his mind as he figures out his next adventure.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/109-andrews-big-news-whats-next-and-why-its-not-early-retirement/

Feeling overwhelmed by finances? This podcast dives into the relationship between time management and money. Discover actionable tips to combat time scarcity and the high cost of inaction. Learn how to prioritize important tasks over urgent ones and adopt a positive mindset for financial success. The conversation also touches on self-care and financial health, emphasizing that stability can enhance overall well-being. Get ready to tackle your financial challenges with practical strategies and a fresh perspective!

Explore the fascinating world of finfluencers, the financial influencers flooding social media with advice. Discover the good, the bad, and the humorous aspects of this emerging trend. Delve into the challenges of discerning quality advice from misleading content and the need for critical thinking. Discuss the varying regulations surrounding these influencers and the importance of independent research. Enjoy light-hearted frugal tips while recognizing the ethical dilemmas of financial advice in the digital age.

Explore the diverse landscape of FIRE with insights on Lean FIRE's frugality versus Fat FIRE's luxury. Discover how Barista FIRE lets you balance part-time work and investments for a fulfilling lifestyle. The importance of community and personal alignment in financial strategies shines through. Reflect on how choosing the right FIRE type can shape your journey to financial independence, enjoying the process while navigating savings and life experiences. Geo-arbitrage adds a twist, showing how relocating can enhance financial freedom.

Companies are using manipulative marketing tactics to keep us buying more and more. The endless consumption is becoming exhausting on our minds and our wallets, all while the economy feels increasingly unstable, so let’s take back control! This episode dives into why we keep buying more stuff we don’t need and the environmental impact of those actions. We wrap it up with a much-needed pep talk to break the cycle and stop buying stupid sh*t, so you can reclaim your financial power and find true happiness in experiences and connections. Remember, in a world that often feels out of control, discretionary spending is the one thing you can control.Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/105-why-we-keep-buying-stuff-we-dont-need-and-how-to-do-better/

We heard ASMR is all the rage, so we’re excited to introduce you to Wealth Whispers. Enjoy the soothing voices of Maggie and Liz walking you through a financial checklist to get you on the right financial path, with ASMR to heighten the journey.  Y'all... this is an APRIL FOOL'S joke that's way too long for an April's fools joke... listen at your own risk!Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/104-wealth-whispers-asmr-your-way-thru-this-financial-checklist/

Borrowing and lending items with friends and family can be stressful, but we’re here to help you navigate it logically, without any drama, but maybe with a few laughs. We dive into the delicate balance of borrowing and lending everything from cars, clothes, money, mascara, and more. We explore the role of trust, open communication, the importance of setting boundaries, and how to gracefully decline a request without making it too awkward or adding stress to your relationships. We also somehow get into a discussion about pets and can’t stop laughing. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/103-borrowing-boundaries-financial-etiquette-for-borrowing-stuff-from-money-to-mascara/