Inside Out Money

Guests Liz and Erica review 'Happy Sexy Millionaire' by Steven Bartlett. They cover social media, money's impact on happiness, gratitude, hard work, passion, and debunking societal norms. Tangents include The Golden Bachelor and Bachelor in Paradise.

Maggie’s mom joins this week's podcast and shares many financial lessons and stories from her and Maggie’s childhood. She shares how she learned the importance of saving at a young age and how credit cards and debt were not typical when she was a kid. She shared some of her financial memories, how they impacted her into adulthood, and what she taught her children. She talks about not worrying about money and how that comes from knowing she has enough. We also discuss separate finances, the importance of getting your kids to have some financial “skin in the game,” having agency over our money, and advice for the grandkids. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/026-how-to-raise-a-millionaire-according-to-maggies-mom/

Andrew joins this week's podcast, and we share our biggest financial regrets and all the things we wish we had gotten right when we were younger. We hope you learn from our mistakes and realize the many benefits of tax-advantaged accounts and compound interest. And most importantly, take advantage of these things as early as possible so time is on your side. We discuss investing in index funds, Roth IRAs, 401Ks, 457Bs, HSAs, 529s, and more. Andrew also convinces Maggie to sell her Bitcoin and gives her some homework. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/025-our-biggest-financial-regrets-and-what-wed-have-done-differently/

Greg joins this week's podcast, and we share how we’re both feeling 500 days into early retirement. We share some surprising truths about what’s working, what’s not working, and what we’re committed to changing for the future. We discuss the concept of value and how we’re striving to feel accomplished, and we wrap up by answering some listener questions about how early retirement is going. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/024-the-surprising-truth-of-early-retirement-500-days-early-retired/

Liz joins this week's podcast, and we delve into the many reasons why HSAs, or Health Savings Accounts, are awesome! We explain what an HSA is, the requirement of a High-deductible health insurance plan (HDHP) to participate, and the annual limits the IRS sets. Additionally, we share four reasons why HSAs are an incredible financial tool and how to maximize their benefits. We explain the triple-tax advantages that HSAs provide and some often overlooked benefits and loopholes. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/023-4-reasons-hsas-are-awesome-and-how-to-maximize-the-benefits-of-health-savings-accounts/

Financial planning expert Andrew joins the podcast to discuss retirement planning. They explore flaws in the 4% rule and highlight the importance of customized strategies. Topics include withdrawal rates, flexible spending, and minimizing the risk of outliving your money in retirement.

Erica joins to discuss 'enough' - exploring concepts of Consumerism, Minimalism, and Conscious Consumerism in relation to self-worth and early retirement. They delve into the Hedonic Treadmill, emotional attachments to possessions, and tactics for being a conscious consumer.

Liz joins this week's podcast for a bonus episode, and we talk about how awesome meditation is and our personal meditation commitment for September. We share the many benefits of meditation, from reducing anxiety to improving your sleep, and even how it can impact your finances. We talk through various types of meditation and share some favorite tools and apps. We end with our commitment to each other to improve our consistency with meditation, and we invite you all to join us! Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/020-meditation-will-fix-that-sit-with-us-september/

Greg joins this week's podcast, discussing our rental properties and why and how we self-manage them. We share what criteria are important to us in selecting a rental property and how we got into self-managing them. We share our best tips and tricks for how we have created efficient approaches to finding tenants, screening tenants, writing and executing leases, communicating with tenants, managing vendors, and more. We also discuss our division of labor and how we work together to manage our rental properties, and the financials associated with running an LLC. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/019-rental-property-management-why-and-how-we-self-manage/

Liz joins this week's podcast, and we talk about anxiety and money. We start with a definition of anxiety, how it’s related to money and your finances, and how people respond to financial anxiety. We share how anxiety has impacted our relationship with money and finances. We wrap up with actionable tips for effectively managing your anxiety around money. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/018-9-ways-to-manage-money-anxiety/