Inside Out Money

Andrew joins this week's podcast, and we share three superpowers to financial success. Three superpowers can supercharge your finances and significantly improve your overall financial situation. We share what they are, why they are crucial to your finances, and some personal stories of how they have helped each of us. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/017-three-superpowers-to-financial-success/

Erica joins the podcast to discuss the importance of knowing your 'why' and its impact on finances. The hosts explore finding your purpose in life, aligning career choices with values, and the significance of intentional living for overall happiness and fulfillment.

Chris Hutchins, host of All The Hacks and former Wealthfront and Google Ventures expert, shares invaluable financial wisdom. He advocates for automation to simplify finances and argues that renting may be wiser than owning a home for many. Chris elaborates on smart investment strategies, like leveraging Wealthfront's automated services, and highlights the benefits of minimalism in spending. He also offers tools for organization and discusses the delights of travel hacking, emphasizing that financial decisions should enhance life's experiences.

Liz, Andrew, and Greg join this week's podcast and share what we spent in the first half 2023. We discuss why we believe tracking expenses is essential to our financial health and the tools and methods we each use.  We then share our total spend, top spend categories, what we feel good about, and what we’d like to improve upon. Get the full show notes, show references, and more information here: https://insideoutmoney.org/014-lizs-700-dinner-maggies-17k-medical-expenses-and-andrews-18-on-coffee-mid-year-expense-review/

Greg joins this week's podcast, where we share why travel hacking isn’t working for us and why we’ve decided to take a break and adjust our approach. We discuss why we got into travel hacking in the first place, how we earned 1.5 million points in 18 months, and what we’ve learned along this journey. While we like trying new things, we’ve tried this, and travel hacking isn’t working for us. We share the pros and cons we’ve experienced, lessons learned, and how we plan to adjust our approach going forward. Get the full show notes, show references, and more information here: https://insideoutmoney.org/013-are-we-quitting-travel-hacking/

Andrew joins this week's podcast and we talk about what we’re each doing to set up our kids for financial success. The first step is teaching and educating your kids about money, and part of that is leading by example. We also discuss holding kids accountable to earn and spend money themselves, and teaching them about choices and tradeoffs. We wrap up by explaining 529 college savings accounts and custodial investment accounts and how we encourage family members to consider gifting to these accounts instead of physical gifts. Get the full show notes, show references, and more information here: https://insideoutmoney.org/012-setting-your-kids-up-for-financial-success/

Bill Perkin, Author of Die with Zero, joins the podcast as they discuss the book's concepts of retiring early, memory dividends, giving money to children before death, annuities, and optimizing net fulfillment.

Erica joins this week's podcast, discussing what we consider “out of sight out of mind” spending. Maggie feels strongly that if you’re not tracking your expenses, 100% of your spending is out of sight, out of mind. We discuss a few spending categories that may be more out of sight and out of mind than others, such as subscriptions and memberships, insurance products, and expenses on autopay. We wrap up with some actionable tips for more mindful and intentional spending. Get the full show notes, show references, and more information here: https://insideoutmoney.org/010-out-of-sight-out-of-mind-spending/

Greg joins this week's podcast, and we finally share why and how we bought a Tesla. We sold our 2016 Prius and bought a 2023 Tesla, and we were out of pocket about $10K! We share Greg’s new side hustle that gave us such an affordable upgrade path and what we think of the Tesla so far. Greg also shares his personal stories, experiences, and insights. Get the full show notes, show references, and more information here: https://insideoutmoney.org/009-we-bought-a-2023-tesla-for-10k-yes-theres-a-little-more-to-the-story/

Erica joins this week's podcast, discussing intentional spending and where we each choose to save or splurge. Intentional spending is all about a values-based, mindful, and conscious approach to your spending. We discuss how we intentionally spend across clothing, shoes, books, restaurants, groceries, travel, toiletries, home decor, commodities, and more! We both appreciate quality over quantity, especially as we’ve gotten older, and we enjoy splurging more on travel and experiences. We encourage you to think about what matters to you and what tradeoffs you’re willing to make financially with your spending versus your goals. It also significantly helps to track your expenses to see if your spending aligns with your values and intentions.   Get the full show notes, show references, and more information here: https://insideoutmoney.org/008-save-or-splurge-being-intentional-with-your-spending