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How to Teach Young Kids About Money (And Why They’re Never too Young) – with Liz Frazier

Almost half of the US would not be able to cover a $400 emergency.

Around 40% have credit card debt. And 1/3 of Americans have saved $0 for retirement.

If we want our kids to survive these financial trip hazards and truly thrive, we need to start their financial education early. Our guest today, Liz Frazier, is a leader in the financial literacy movement and she’s helping parents teach their young children about money as soon as possible.

Liz is a fee-only certified financial planner and the author of Beyond Piggy Banks and Lemonade Stands, How to Teach Young Kids About Finance. She is a regular contributor for Forbes and has been featured in national media such as The Wall Street Journal, PBS, CNBC, ABC and Fox Radio. Liz lives in New York with her husband and two young kids.

We’ll be discussing how to get started with educating your kids about money, how to help children determine needs versus wants and how to encourage them to be grateful and appreciate what they have.

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How We Paid Off Our $160,000 Mortgage in our 30’s – with David Venis

On our Mortgage Freedom series today we’re going to interview someone who paid off their mortgage at 32 years old. And now he and his wife have a lot more money to enjoy.

David Venis and his wife Stephanie live in East Central, Illinois, with their awesome pup named Abby.

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10 Steps I Took to Leave My Six-Figure Job and Become an Entrepreneur

Tomorrow will be my last day at my job. 

After 15 years of working as an event marketing professional, I’ve decided that I’m ready for a new chapter in my life.

The companies I’ve had the pleasure of working with have treated me well, given my family benefits and paid me generously. I sincerely appreciate the opportunities I’ve been given. It’s just time for me to follow a new calling.

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Why I’m a Family Man with a Business (And Not a Businessman with a Family) – with Jon Vroman

A lot of us are hard-charging employees, side hustlers, or business owners who are looking to grow, get that promotion, or just make more money. But we can’t forget the most important people in our lives: our spouses and our children.

Today, we’re going to talk about how we can practice putting family first and how it’ll help us be even more successful in our financial lives.

Jon Vroman is my guest today. He’s married to his wife Tatyana and he’s a father to two energetic and playful boys, Tiger and Ocean, and they live in Austin, Texas.

Jon is a bestselling author and the founder of a global network of men at Front Row Dads. They believe in being family men with businesses, not businessmen with families.

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How I Quit My Six-Figure Job and Took A Year Off – with Michelle and Jacob Wade

Sometimes, hustling to make more money is not the answer.

Today, Andy talks to Jacob and Michelle Wade, who recently took a “year off” with their family of five. Jacob is a former sales professional and the blogger behind iHeartBudgets and Michelle is a stay at home Mom raising and road schooling their three children.

They sold their home and all of their possessions and hit the road in an RV in the summer of 2018.

Our guests will be telling us why they took the leap and left their daily grind, how they planned their sabbatical and how they’re educating their children on the road. 

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7 Reasons Not to Buy a Home (When You’re In Debt and Have No Savings)

Our second question of the month comes in from Anonymous from our Thriving Families Facebook Community:


Hey Andy,

Should we wait until we’re debt-free in order to buy our first home knowing that we’ll be renting for at least the next two years? 

Continue reading “7 Reasons Not to Buy a Home (When You’re In Debt and Have No Savings)”

I completed Dave Ramsey’s Baby Steps. Should I now invest in real estate or the stock market?

Our first question of the month comes in from Christie from Cincinnati:  


Andy,

I love the podcast. I have two questions.

How long have you been on Dave Ramsey’s Baby Step 7?

We are on Baby Step 7 with 1 paid-for rental. We are considering selling the rental property and just investing in a mutual fund instead. 

I know you keep talking about buying a rental, but after 8-10 years we are finding it really isn’t making as much money as we think the stock market could. And we won’t have to worry about tenants calling with a problem. 

What are your thoughts? 

Christie

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Why I Stopped Pursuing FIRE and Early Retirement for a Happier Life Today – with Lisa Harrison

The FIRE movement (Financial Independence, Retire Early), has become a wildly popular concept over the last decade, but it’s also become wildly controversial.

Today, Andy talks with Lisa Harrison, the writer and podcast host behind Mad Money Monster. She’s had her story featured on major media outlets like Yahoo Finance, MarketWatch, and Forbes. She started off in love with the FIRE movement and idea of early retirement but then had a change of heart.

We’ll be diving into how she discovered FIRE, what changes she made to her lifestyle and what caused her to abandon the idea of early retirement altogether. 

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How We Paid Off Our Mortgage Early By Living On One Income – with Tracey Sherman-Falcon

For this month’s Mortgage Freedom series, I caught up with Tracey Sherman-Falcon from Aurora, IL. She and her husband Gandi Falcon just paid off their mortgage!

They are so thrilled with the emotional benefit of paying off their mortgage early that they are ready to pay off their rental properties as well.

As a truck driver and a food truck owner, Tracey and her husband Gandi paid off their mortgage early on a household income of less than $100,000 per year.

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