Marriage, Kids and Money https://www.marriagekidsandmoney.com The Marriage, Kids and Money Podcast is dedicated to strengthening your family tree and guiding you to financial freedom. Andy Hill, a mid-30’s father of two, hosts the weekly podcast and takes you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money. Hill interviews millionaire entrepreneurs, early retirees and financial industry experts to provide you with easy-to-understand information you can use to give your family the life they deserve. Mon, 17 Sep 2018 07:13:33 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 https://i2.wp.com/www.marriagekidsandmoney.com/wp-content/uploads/2017/12/cropped-Site-Identity-512x512.jpeg?fit=32%2C32&ssl=1 Marriage, Kids and Money https://www.marriagekidsandmoney.com 32 32 The Marriage, Kids and Money Podcast is dedicated to strengthening your family tree and guiding you to financial freedom. <br /> <br /> Andy Hill, a mid-30’s father of two, hosts the weekly podcast and takes you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money. Hill interviews millionaire entrepreneurs, early retirees and financial industry experts to provide you with easy-to-understand information you can use to give your family the life they deserve. <br /> <br /> Carpe Diem! Andy Hill clean Andy Hill andy@marriagekidsandmoney.com andy@marriagekidsandmoney.com (Andy Hill) Strengthen Your Family Tree. Live Financially Free. Marriage, Kids and Money http://www.marriagekidsandmoney.com/wp-content/uploads/powerpress/Marriage,_Kids_and_Money_Podcast_Artwork_-_3000x3000.jpeg https://www.marriagekidsandmoney.com Andy@MarriageKidsandMoney.com The Marriage, Kids and Money Podcast is dedicated to strengthening your family tree and guiding you to financial freedom. Andy Hill, a mid-30’s father of two, hosts the weekly podcast and takes you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money. Hill interviews millionaire entrepreneurs, early retirees and financial industry experts to provide you with easy-to-understand information you can use to give your family the life they deserve. Carpe Diem! Weekly 115316651 How Paying Off Our Debt Put Us In Marriage Counseling – with Andy & Nicole Hill https://www.marriagekidsandmoney.com/how-paying-off-our-debt-put-us-in-marriage-counseling-with-andy-nicole-hill/ Mon, 17 Sep 2018 07:13:33 +0000 http://www.marriagekidsandmoney.com/?p=4532 https://www.marriagekidsandmoney.com/how-paying-off-our-debt-put-us-in-marriage-counseling-with-andy-nicole-hill/#respond https://www.marriagekidsandmoney.com/how-paying-off-our-debt-put-us-in-marriage-counseling-with-andy-nicole-hill/feed/ 0 <p>When we paid off our mortgage early, it was one of the happiest days of my life. The major reduction in our overall annual expenses and my stress level was immediate. We celebrated with the whole family (check out our epic celebration here). Little did I know though that one of the best days of … <a href="https://www.marriagekidsandmoney.com/how-paying-off-our-debt-put-us-in-marriage-counseling-with-andy-nicole-hill/" class="more-link">Continue reading<span class="screen-reader-text"> "How Paying Off Our Debt Put Us In Marriage Counseling – with Andy & Nicole Hill"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-paying-off-our-debt-put-us-in-marriage-counseling-with-andy-nicole-hill/">How Paying Off Our Debt Put Us In Marriage Counseling – with Andy & Nicole Hill</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

When we paid off our mortgage early, it was one of the happiest days of my life. The major reduction in our overall annual expenses and my stress level was immediate. We celebrated with the whole family (check out our epic celebration here).

Little did I know though that one of the best days of my life would lead to one of the largest disagreements I’ve ever had with my wife of 8 years. We were really good at paying off the mortgage together, but we were not prepared for what we’d do with the money afterward.

We both had different ideas of what we should do with the money, but we didn’t communicate them to each other very effectively. (Well, I really didn’t).  

To help remedy the situation, we decided to attend marriage counseling sessions after they were recommended by a good friend. It was one of the best decisions we’ve ever made as a couple.

Couple Holding arms together

What are we covering?

My wife Nicole and I discuss the following:

  • Why we got into our biggest fight every
  • How marriage counseling is helping us and why others couples should embrace it
  • The changes we’ve both made recently as a result of our money fight

Outside of my chat with Nicole, I’ve invited both of kids for a quick interview as well. Since it’s my 100th episode, I wanted to feature my whole family because after all … they are the reason I’m doing this podcast in the first place.

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:

Marriage, Kids and Money, Andy Hill

stitcher

About Our Guests:  Nicole, Zoey and Calvin

Hill Family 2018

Zoey Hill

Age: 6

Loves: Greatest Showman, Shimmer and Shine, watching YouTube Kids

Calvin Hill

Age:  4

Loves:  Wrestling and fighting swords, playing with his friend Gavin at school

Favorite Song:  Uprising by Muse

Nicole Hill

Nicole Hill is professional home organizer living in metro Detroit.

When she’s not decluttering people’s lives, she’s raising her two young children and enjoying quality time with her husband of 8 years. In her spare time, she likes running races and learning new songs on her ukulele.

Money Master of the Week

Ivan and his wife Alma have increased their net worth by $90,000 and eliminated $40,000 in debt in the last 3 years!

Here is Ivan’s email detailing their incredible adventure together:


Ivan and Alma’s Story

Best way to start is by providing some context – we are from Mexico. My wife and I got married in 2011 using debt to finance our wedding. Shortly after our wedding, we decided that I would pursue my MBA (a lifelong dream of mine) using Student Loans.

We came to the states in 2012, shortly after finding out we were having our first child. Sold our possessions and paid off our wedding but still had the pregnancy and student loans in our suitcase.

During the MBA program, my wife had to go through emergency surgery (Appendectomy) and that piled on top of our outstanding student loan + pregnancy bills. Worked a repayment plan with the hospital and had to borrow monthly from my parents. More DEBT!!! I would like to say we were oblivious to the effects of our decisions.

Related ArticleHow We Paid Off $48,032 of Debt in 1 Year

Finished the program (MBA from Purdue University) and started working on paying off our debt (particularly my hospital bill) – never really made an effort to pay out with urgency my student loan + family loan.

Baby #2 Arrives

Flash forward to 2015 – our 2nd child has just arrived from the hospital. I’m lying in bed one night and I can’t sleep. My head’s churning and thinking how are we going to do this. How are we going to afford to pay the bills, the daycare we wanted for my eldest child, etc?

I remember I just couldn’t sleep, felt a tremendous pressure on my shoulders. I remember driving to work thinking how does everyone else do it. Why am I the only one that feels this pain – not being able to do the things we want? We’ve always been fans of YNAB so we lived on a budget. The more my shoulders and neck tightened the more I researched.

The Dave Ramsey Factor

I came across Dave Ramsey and his process. Started understanding even though we were living on a budget, we truly weren’t living on a budget. We’d say this month we are going to save this much and then we’d use it on some unexpected expense. The more I listened the more the plan made sense. I have always been a numbers guys – love math and solving problems – but for some reason wasn’t able to do much about our expenses.

Started living on a tighter budget and made a plan to save up an emergency fund (we saved up to $14K) just to be protected in case something happened. After saving the money, we started attacking our debt. That is where we’re currently at.

As of today, we’ve paid north of $40K in debt and can say that we have changed our habits – living within our means and being “intentional.” I have gotten more and more connected with the personal finance community out there and that is how I came across your Master of the Week.

Progress

From that day in October 2015, after we came back from the hospital to today our Net Worth has increased by 375% which translates roughly into a $90K change. That is massive but it has not been easy. We’ve sacrificed and seen many people do very exciting things while we stay at home thinking, it’s all for a greater good – changing our future and defining our retirement plan.

Related PodcastTrack Your Net Worth and Become a Young Millionaire

Moving forward we are to finish paying off our debt and funding our children’s college accounts. Education is a very important aspect of my life and I want to be able to provide them with the ability to start their futures with no debt in a spot to win with money.

Future Plans

Our dream is to be able to travel to visit the kids and to have the freedom to do whatever we want to whenever we want to. The more I read about retirement the more inspired I get to dream and to dream BIG! A month at a château in France, giving back to our country’s people, caring and coaching for people who are in the position we were. Lots of things to dream about and accomplish.

I appreciate the space and wish you all the best with your show. I truly commend you for having the spirit of a teacher to help others reach their dreams. It takes a very good heart to do something like this!

All the best,

Ivan & Alma


Ivan is our Money Master of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources

SHOW SPONSOR:  CREDIT SESAME

Credit Sesame, Monitor Credit, Credit Score

GET YOUR FREE CREDIT SCORE TODAY – Free score, credit monitoring and $50,000 in identity theft insurance … and you support this show too!

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

Nicole Hill’S RESOURCES

New GigAll Sorted Out

Mortgage Celebration Video

MKM PODCAST RESOURCES

Personal Finance Coach, Personal Finance Influencer, Personal Finance Speaker
MKM Coaching with Andy Hill:  Request a free 30-minute consultation call with me so we can partner together on your path to financial freedom.
Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“A great marriage is not when the ‘perfect couple’ comes together. It is when an imperfect couple learns to enjoy their differences.”
– Dave Meurer

Subscribe to the show on Apple PodcastsGoogle PodcastsYouTube or Spotify!


 

The post How Paying Off Our Debt Put Us In Marriage Counseling – with Andy & Nicole Hill appeared first on Marriage, Kids and Money.

]]>
When we paid off our mortgage early, it was one of the happiest days of my life. The major reduction in our overall annual expenses and my stress level was immediate. We celebrated with the whole family (check out our epic celebration here). When we paid off our mortgage early, it was one of the happiest days of my life. The major reduction in our overall annual expenses and my stress level was immediate. We celebrated with the whole family (check out our epic celebration here).
Little did I know though that one of the best days of my life would lead to one of the largest disagreements I’ve ever had with my wife of 8 years. We were really good at paying off the mortgage together, but we were not prepared for what we’d do with the money afterward.
We both had different ideas of what we should do with the money, but we didn’t communicate them to each other very effectively. (Well, I really didn’t).  
To help remedy the situation, we decided to attend marriage counseling sessions after they were recommended by a good friend. It was one of the best decisions we’ve ever made as a couple.


What are we covering?
My wife Nicole and I discuss the following:

* Why we got into our biggest fight every
* How marriage counseling is helping us and why others couples should embrace it
* The changes we’ve both made recently as a result of our money fight

Outside of my chat with Nicole, I’ve invited both of kids for a quick interview as well. Since it’s my 100th episode, I wanted to feature my whole family because after all … they are the reason I’m doing this podcast in the first place.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:





About Our Guests:  Nicole, Zoey and Calvin

Zoey Hill
Age: 6
Loves: Greatest Showman, Shimmer and Shine, watching YouTube Kids

Calvin Hill
Age:  4
Loves:  Wrestling and fighting swords, playing with his friend Gavin at school
Favorite Song:  Uprising by Muse
Nicole Hill
Nicole Hill is professional home organizer living in metro Detroit.
When she’s not decluttering people’s lives, she’s raising her two young children and enjoying quality time with her husband of 8 years. In her spare time, she likes running races and learning new songs on her ukulele.
Money Master of the Week
Ivan and his wife Alma have increased their net worth by $90,000 and eliminated $40,000 in debt in the last 3 years!
Here is Ivan’s email detailing their incredible adventure together:

Ivan and Alma’s Story
Best way to start is by providing some context – we are from Mexico. My wife and I got married in 2011 using debt to finance our wedding. Shortly after our wedding, we decided that I would pursue my MBA (a lifelong dream of mine) using Student Loans.
We came to the states in 2012, shortly after finding out we were having our first child. Sold our possessions and paid off our wedding but still had the pregnancy and student loans in our suitcase.
During the MBA program, my wife had to go through emergency surgery (Appendectomy) and that piled on top of our outstanding student loan + pregnancy bills. Worked a repayment plan with the hospital and had to borrow monthly from my parents. More DEBT!!! I would like to say we were oblivious to the effects of our decisions.

Here are the 5 steps we took to rid our family from debt forever #debtfree 1:01:37 4532
Track Your Net Worth and Become a Young Millionaire – with J. Money https://www.marriagekidsandmoney.com/track-your-net-worth-and-become-a-young-millionaire-with-j-money/ Mon, 10 Sep 2018 07:13:16 +0000 http://www.marriagekidsandmoney.com/?p=4461 https://www.marriagekidsandmoney.com/track-your-net-worth-and-become-a-young-millionaire-with-j-money/#comments https://www.marriagekidsandmoney.com/track-your-net-worth-and-become-a-young-millionaire-with-j-money/feed/ 1 <p>Growing your income year after year is definitely something to be proud of. The increased pay can allow you to enjoy more and experience more. But you know what’s a more important barometer for your financial health? Net worth. Through the many financial conversations I’ve had and even in my personal experience, a lot of people … <a href="https://www.marriagekidsandmoney.com/track-your-net-worth-and-become-a-young-millionaire-with-j-money/" class="more-link">Continue reading<span class="screen-reader-text"> "Track Your Net Worth and Become a Young Millionaire – with J. Money"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/track-your-net-worth-and-become-a-young-millionaire-with-j-money/">Track Your Net Worth and Become a Young Millionaire – with J. Money</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

Growing your income year after year is definitely something to be proud of. The increased pay can allow you to enjoy more and experience more.

But you know what’s a more important barometer for your financial health?

Net worth.

Through the many financial conversations I’ve had and even in my personal experience, a lot of people do not know what net worth is and why it’s important.

Today, we’re going to change all that.

I’ve invited a man who’s been tracking his net worth every month for the last 10 years! Yes, that’s more than 120 net worth charts. That’s dedication.

This mystery man goes by J. Money from the very popular Budgets Are Sexy blog. 

Man in brown suit carrying a bag

What are we covering?

J. Money and I review:

  • How and why he started tracking his net worth in the first place
  • What methods he used to grow it from $50,000 to $850,000 in 10 years
  • Why his priorities have changed in the last few years

J’s money knowledge has been featured in countless publications including CBS News, US News and World Report and Forbes. He has received over a dozen awards for his writing, advice and community building.

This net worth boosting conversation is real, honest and genuine. Enjoy!

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:

Marriage, Kids and Money, Andy Hill

stitcher

About Our Guest:  J. Money

Man staring out window with mohawk

J. Money is an award-winning personal finance blogger, fintech consultant, and daddy x3. With over a decade of building communities online, Jay’s projects have reached 30+ million views and are regularly featured in the media.

An avid coin collector, money experimenter, and hip-hop fan, Jay loves connecting the online world with the “real” world and is thankful for the random fate that brought him here.

Money Master of the Week

Bruce Doane and his wife recently hit $50,000 in their net worth!

Bruce Doane Bio Photo

After hovering in land negative net worth for a while, Bruce is happy to report he’s improved his net worth status by $100,000 in just two years.

He attributes his success to tracking his spending and net worth through Personal Capital and YNAB, maxing out the Roth IRAs and refinancing their mortgage.

If you want to learn more about Bruce and follow his net worth growth, check him out at Experience The Dilemma.

Bruce is our Money Master of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources

SHOW SPONSOR:  CREDIT SESAME

Credit Sesame, Monitor Credit, Credit Score

GET YOUR FREE CREDIT SCORE TODAY – Free score, credit monitoring and $50,000 in identity theft insurance … and you support this show too!

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

J. Money’S RESOURCES

Website:  Budgets Are Sexy

Website JMoney.biz

TwitterTwitter.com/budgetsaresexy

Recommended BookI Will Teach You to be Rich by Remit Sethi

Recommended BookEssentialism by Greg McKeown

MKM PODCAST RESOURCES

Personal Finance Coach, Personal Finance Influencer, Personal Finance Speaker
MKM Coaching with Andy Hill:  Request a free 30-minute consultation call with me so we can partner together on your path to financial freedom.
Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“You have to set goals that are almost out of reach. If you set a goal that is attainable without much work or thought, you are stuck with something below your true talent and potential.”
—Steve Garvey

Subscribe to the show on Apple PodcastsGoogle PodcastsYouTube or Spotify!


 

The post Track Your Net Worth and Become a Young Millionaire – with J. Money appeared first on Marriage, Kids and Money.

]]> Growing your income year after year is definitely something to be proud of. The increased pay can allow you to enjoy more and experience more. But you know what’s a more important barometer for your financial health? Net worth. Growing your income year after year is definitely something to be proud of. The increased pay can allow you to enjoy more and experience more.
But you know what’s a more important barometer for your financial health?
Net worth.
Through the many financial conversations I’ve had and even in my personal experience, a lot of people do not know what net worth is and why it’s important.
Today, we’re going to change all that.
I’ve invited a man who’s been tracking his net worth every month for the last 10 years! Yes, that’s more than 120 net worth charts. That’s dedication.
This mystery man goes by J. Money from the very popular Budgets Are Sexy blog. 


What are we covering?
J. Money and I review:

* How and why he started tracking his net worth in the first place
* What methods he used to grow it from $50,000 to $850,000 in 10 years
* Why his priorities have changed in the last few years

J’s money knowledge has been featured in countless publications including CBS News, US News and World Report and Forbes. He has received over a dozen awards for his writing, advice and community building.
This net worth boosting conversation is real, honest and genuine. Enjoy!
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:





About Our Guest:  J. Money

J. Money is an award-winning personal finance blogger, fintech consultant, and daddy x3. With over a decade of building communities online, Jay’s projects have reached 30+ million views and are regularly featured in the media.
An avid coin collector, money experimenter, and hip-hop fan, Jay loves connecting the online world with the “real” world and is thankful for the random fate that brought him here.
Money Master of the Week
Bruce Doane and his wife recently hit $50,000 in their net worth!

After hovering in land negative net worth for a while, Bruce is happy to report he’s improved his net worth status by $100,000 in just two years.
He attributes his success to tracking his spending and net worth through Personal Capital and YNAB, maxing out the Roth IRAs and refinancing their mortgage.
If you want to learn more about Bruce and follow his net worth growth, check him out at Experience The Dilemma.
Bruce is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  CREDIT SESAME

GET YOUR FREE CREDIT SCORE TODAY – Free score, credit monitoring and $50,000 in identity theft insurance … and you support this show too!
SHOW SPONSOR:  TILLER
30-Day FREE Trial – Control your money and support this show.
J. Money’S RESOURCES
Website:  Budgets Are Sexy
]]>
Andy Hill 58:39 4461 I’m debt free. Now what? https://www.marriagekidsandmoney.com/im-debt-free-now-what/ Mon, 03 Sep 2018 07:13:41 +0000 http://www.marriagekidsandmoney.com/?p=4430 https://www.marriagekidsandmoney.com/im-debt-free-now-what/#respond https://www.marriagekidsandmoney.com/im-debt-free-now-what/feed/ 0 <p>Our first question of the month is from Brian from Michigan: Hi! After reading one of your millionaire interviews, I found your debt freedom story and your path sounds like mine. My wife and I have gotten serious about paying off our debt after we learned she was pregnant 6 months ago. We are now … <a href="https://www.marriagekidsandmoney.com/im-debt-free-now-what/" class="more-link">Continue reading<span class="screen-reader-text"> "I’m debt free. Now what?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/im-debt-free-now-what/">I’m debt free. Now what?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

Our first question of the month is from Brian from Michigan:

Hi!

After reading one of your millionaire interviews, I found your debt freedom story and your path sounds like mine.

My wife and I have gotten serious about paying off our debt after we learned she was pregnant 6 months ago. We are now nearing the debt-free finish line. Only two more months to go and we’ll be student debt free, car debt free and credit card debt free … really all debt free outside of our mortgage.

All in all, we’ll have about $600 extra each month when we’re done. Outside of going on a weekend getaway to celebrate (no drinking because of the baby *snap*), we want to keep building wealth. Any suggestions for the extra cash each month that will keep moving us forward?

Thanks for putting together those interviews. They are inspiring to read.  Thanks for your help.

Brian


Solid debt crushin’ Brian! Way to go! And congratulations on your upcoming fatherhood.

It’s really a fun conversation to have … What do you do with your money after you’re debt free?

I remember feeling so excited when we paid off all our debt. The stress melted off my shoulders. I loved it. Brian, I’m sure you, your wife and your new addition are going to love it too.

Not surprisingly, I have 5 wealth-building considerations for you when you’re debt free.

woman thinking in coffee shop

1. Build Up Your Savings

I don’t know exactly how much liquid savings you have, but given that your wife is pregnant and you’re in “protect and grow the family” mode, it couldn’t hurt to have more.

Nicole and I have always felt good with our savings totaling 3 months of expenses. Some people like a year’s worth of expenses saved up and others like 6 months. There are even folks who feel fine with one month of expenses saved. 

Find the flavor that works for you.

There is no one right answer here. Honestly, there are only positives to having a large amount of liquid savings in my opinion.

2. Reassess Your Insurance Coverage

Sometimes when we’re paying down our debt, we limit a lot of our expenses to get the job done fast. Now that you’re debt free (or nearing the finish line as you say), I would reassess your insurance coverage.

Do you personally have term life insurance, Brian? If not, get some!

I’ll make an assumption that you’re working and providing an income for you and your wife. If your wife lost you, she and your newborn baby would be in a rough spot. For a young healthy guy, you can more than likely get a very inexpensive rate on term life insurance today. 

I have a $1,000,000 policy and I pay about $55/month. A smart and safe investment in my opinion.

Not all insurance carriers are equal of course. Two companies that I like are Quotacy and Selectquote. They shop for the best deals on term life on your behalf. 

Related PodcastProtect Your Family With Hassle-Free Term Life Insurance

3. Increase Your Retirement Savings

Depending on where you and your wife work, you both might be able to take advantage of some nice matching 401k dollars.

Check with your benefits rep if you don’t know about the 401k match at your office. This could be free money you’re missing out on.

If you do have the opportunity for matching money, I would increase your 401k contributions to take full advantage of the match. That’ll be more money for you and your wife to have a nice cozy retirement. If you take advantage of compound interest and it’ll take care of you!

Outside of the 401k, you can look at increasing retirement savings in a Traditional or Roth IRA. Maximum contributions for 2018 is $5,500 so with your $600 per month you could max out an IRA if you want and still have some a couple grand left over!

4. Start Saving for a 529 College Account

College costs for your little one are going to be bonkers in 2036 (that’s when your baby is going to college). Think of the flying cars, AI robots and $300,000 college costs! AHH!!

A way to prepare for the nutty college costs is getting a 529 college savings account started early. That way you’re taking advantage of 18+ years of compound interest in the market

Brian, you can’t get a 529 yet until your baby is alive and has a social security number. I know crazy right!?

What you can do is start putting money in a separate savings account (we like Ally) so that once your baby is screaming, poopin’ and cooin’, you’ll be ready to start an account with a healthy initial deposit.

Nicole and I did this. We saved up $10k for Zoey’s fund and started it a month after she was born. Calvin got the shaft though. I think we only had $2,000 for him. (Sorry Calvin!)

Related ArticleWhy More Parents are Getting 529 College Savings Accounts

5. Make Extra Mortgage Payments a Habit

If the idea of mortgage freedom sounds liberating to you, begin making extra principal payments starting today.

The amount is up to you. You can play with a mortgage calculator and see what an extra monthly principal payment will do to the amount of time you have a mortgage.

These calculators can be a fun motivator! It helped Nicole and I reach our mortgage freedom at 35

Those are 5 ideas for you to consider with your extra dough post debt freedom, Brian!

I’m glad to hear you’re setting aside time to celebrate with your wife. Enjoy this time together! This is a really special moment in your lives. You’re doing incredible work together building your wealth, you’re in love and you’ve made a baby. What else could you ask for?!


Money Master of the Week

Sherwin from Florida recently hit the $100,000 mark in his 401k!

He leveraged his office benefits, received a 401k match, took advantage of compound interest and let it grow year after year. According to Northwestern Mutual, Sherwin now has more money in his 401k than 50% of Americans!

His future goals have him hitting $200,000 in 3 years (2021) and then becoming a “401k millionaire” before his 50th birthday. That’s how you become wealthy my friends!

Sherwin from Florida is our Money Master of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.

Your story will inspire others to save more, make more and plan for their family’s future.

FinTech Spotlight

Check out Zelle to learn more about their peer-to-peer payment service.

Our Featured Guest:  Melissa Lowry

melissa lowry from Zelle

Melissa Lowry leads marketing and brand strategy for Zelle®, a person-to-person (P2P) payment solution offered by Early Warning.

Throughout the past year, she has played an instrumental role in the company’s launch of Zelle, leading the marketing strategy and execution with banks and consumers. Lowry is a frequent contributor on topics ranging from payments and marketing and has been quoted in publications including American Banker, The Atlantic, Mashable and San Francisco Chronicle.

Lowry joined Early Warning in 2016 following the company’s acquisition of San Francisco-based clearXchange, where she served as Head of Product & Marketing helping to grow the consumer base by over 200% year-over-year to more than 25 million registered users. In addition, she has held senior leadership positions in payments and innovation at Wells Fargo and started off her career as an investment banking analyst at Lehman Brothers.

Lowry is the co-inventor on five mobile wallet patents. She holds a bachelor’s degree in Business Administration from Idaho State University and an M.B.A. from Stanford University.


MKM Podcast Resources

Personal Finance Coach, Personal Finance Influencer, Personal Finance Speaker

MKM Coaching with Andy Hill:  Request a free 30-minute consultation call with me so we can partner together on your path to financial freedom.
Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“Financial freedom is available to those who learn about it and work for it.”

―Robert Kiyosaki


Subscribe to the show on Apple PodcastsGoogle PodcastsYouTube or Spotify!


 

The post I’m debt free. Now what? appeared first on Marriage, Kids and Money.

]]>
Our first question of the month is from Brian from Michigan: Hi! After reading one of your millionaire interviews, I found your debt freedom story and your path sounds like mine. My wife and I have gotten serious about paying off our debt after we lear... Our first question of the month is from Brian from Michigan:
Hi!
After reading one of your millionaire interviews, I found your debt freedom story and your path sounds like mine.
My wife and I have gotten serious about paying off our debt after we learned she was pregnant 6 months ago. We are now nearing the debt-free finish line. Only two more months to go and we’ll be student debt free, car debt free and credit card debt free … really all debt free outside of our mortgage.
All in all, we’ll have about $600 extra each month when we’re done. Outside of going on a weekend getaway to celebrate (no drinking because of the baby *snap*), we want to keep building wealth. Any suggestions for the extra cash each month that will keep moving us forward?

Thanks for putting together those interviews. They are inspiring to read.  Thanks for your help.
Brian

Solid debt crushin’ Brian! Way to go! And congratulations on your upcoming fatherhood.
It’s really a fun conversation to have … What do you do with your money after you’re debt free?
I remember feeling so excited when we paid off all our debt. The stress melted off my shoulders. I loved it. Brian, I’m sure you, your wife and your new addition are going to love it too.
Not surprisingly, I have 5 wealth-building considerations for you when you’re debt free.

1. Build Up Your Savings
I don’t know exactly how much liquid savings you have, but given that your wife is pregnant and you’re in “protect and grow the family” mode, it couldn’t hurt to have more.
Nicole and I have always felt good with our savings totaling 3 months of expenses. Some people like a year’s worth of expenses saved up and others like 6 months. There are even folks who feel fine with one month of expenses saved. 
Find the flavor that works for you.
There is no one right answer here. Honestly, there are only positives to having a large amount of liquid savings in my opinion.
2. Reassess Your Insurance Coverage
Sometimes when we’re paying down our debt, we limit a lot of our expenses to get the job done fast. Now that you’re debt free (or nearing the finish line as you say), I would reassess your insurance coverage.
Do you personally have term life insurance, Brian? If not, get some!
I’ll make an assumption that you’re working and providing an income for you and your wife. If your wife lost you, she and your newborn baby would be in a rough spot. For a young healthy guy, you can more than likely get a very inexpensive rate on term life insurance today. 
I have a $1,000,000 policy and I pay about $55/month. A smart and safe investment in my opinion.
Not all insurance carriers are equal of course. Two companies that I like are Quotacy and Selectquote. They shop for the best deals on term life on your behalf. 

Related Podcast:  Protect Your Family With Hassle-Free Term Life Insurance
3. Increase Your Retirement Savings
Depending on where you and your wife work, you both might be able to take advantage of some nice matching 401k dollars.
Check with your benefits rep if you don’t know about the 401k match at...]]>
Andy Hill 43:44 4430
$330,000 Mortgage Crushed in 5 Years on a Single Income – with Talaat McNeely https://www.marriagekidsandmoney.com/330000-mortgage-crushed-in-5-years-with-one-income-with-talaat-mcneely/ Mon, 27 Aug 2018 07:13:23 +0000 http://www.marriagekidsandmoney.com/?p=4398 https://www.marriagekidsandmoney.com/330000-mortgage-crushed-in-5-years-with-one-income-with-talaat-mcneely/#respond https://www.marriagekidsandmoney.com/330000-mortgage-crushed-in-5-years-with-one-income-with-talaat-mcneely/feed/ 0 <p> Today, we’re chatting about Mortgage Freedom. Eliminating the largest debt in your life … Owning your home outright. If you’re reading this and you’re thinking, “Well … you always have a mortgage. That’s just something you need to pay forever. No one pays off their mortgage.” Well, I have a guest today that completely disagrees … <a href="https://www.marriagekidsandmoney.com/330000-mortgage-crushed-in-5-years-with-one-income-with-talaat-mcneely/" class="more-link">Continue reading<span class="screen-reader-text"> "$330,000 Mortgage Crushed in 5 Years on a Single Income – with Talaat McNeely"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/330000-mortgage-crushed-in-5-years-with-one-income-with-talaat-mcneely/">$330,000 Mortgage Crushed in 5 Years on a Single Income – with Talaat McNeely</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

Today, we’re chatting about Mortgage Freedom.

Eliminating the largest debt in your life … Owning your home outright.

If you’re reading this and you’re thinking, “Well … you always have a mortgage. That’s just something you need to pay forever. No one pays off their mortgage.”

Well, I have a guest today that completely disagrees with that statement.

Talaat McNeely joins me today on the show to discuss how he and his wife, Tai, paid off their $330,000 mortgage in just 5 years. Not only did they complete this impressive feat incredibly fast, but they did it on a single income.

The McNeely Family Celebrating their Mortgage Freedom in Bank

What are we covering?

Talaat and I chat about:

  • How they paid off such a large amount in a short period of time
  • What mortgage freedom means for the McNeely family
  • How they are celebrating their mortgage freedom with the whole family

Tai and Talaat’s story and their award-winning personal finance wisdom has been featured in major media outlets like MSN, USA Today and Business Insider. I’m honored to feature their success on the show today.

I hope it inspires you to win as well!

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:

Marriage, Kids and Money, Andy Hill

stitcher

About Our Guest:  Talaat McNeely

Talaat McNeely

Talaat and Tai McNeely, “America’s #1 Money Couple”, are Financial Educators that are on a mission to get individuals and couples on the same page financially, and to experience the joys of financial freedom. They are co-authors of Money Talks: The Ultimate Couple’s Guide To Communicating About Money. They are also the hosts of the top-rated podcast, “The His and Her Money Show”.

Talaat and Tai McNeely (His and Her Money) have been featured in numerous publications such as Yahoo, FoxNews.com, MSN.com, Essence, and Business Insider.

Money Master of the Week

Jude from Connecticut just paid off $35,000 of debt in 11 months!

Jude African Style FI

When Jude learned he was going to become a father, he immediately started thinking about the future and how he could best protect his new child. Becoming debt free was at the top of his list!

His gazelle-like intensity was inspired by The Total Money Makeover by Dave Ramsey (me too Jude!). Now that he’s debt free, he’s got his sights set on buying a home for his young family.

If you want to follow Jude’s path toward financial independence, check him out at African Style FI.

Jude is our Money Master of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources

SHOW SPONSOR:  CREDIT SESAME

Credit Sesame, Monitor Credit, Credit Score

GET YOUR FREE CREDIT SCORE TODAY – Free score, credit monitoring and $50,000 in identity theft insurance … and you support this show too!

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

Talaat Mcneely’S RESOURCES

Website:  HisandHerMoney.com

Course:  Crush My Mortgage

BookMoney Talks by Talaat & Tai McNeely

MKM PODCAST RESOURCES

MKM Coaching with Andy Hill:  Request a free 30-minute consultation call with me so we can partner together on your path to financial freedom.
Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“What you get by achieving your goals is not as important as what you become by achieving your goals.”
-Zig Ziglar

Subscribe to the show on Apple Podcasts, Google Podcasts, YouTube or Spotify!


 

The post $330,000 Mortgage Crushed in 5 Years on a Single Income – with Talaat McNeely appeared first on Marriage, Kids and Money.

]]>
 Today, we’re chatting about Mortgage Freedom. Eliminating the largest debt in your life … Owning your home outright. If you’re reading this and you’re thinking, “Well … you always have a mortgage. That’s just something you need to pay forever. Today, we’re chatting about Mortgage Freedom.
Eliminating the largest debt in your life … Owning your home outright.
If you’re reading this and you’re thinking, “Well … you always have a mortgage. That’s just something you need to pay forever. No one pays off their mortgage.”
Well, I have a guest today that completely disagrees with that statement.
Talaat McNeely joins me today on the show to discuss how he and his wife, Tai, paid off their $330,000 mortgage in just 5 years. Not only did they complete this impressive feat incredibly fast, but they did it on a single income.


What are we covering?
Talaat and I chat about:

* How they paid off such a large amount in a short period of time
* What mortgage freedom means for the McNeely family
* How they are celebrating their mortgage freedom with the whole family

Tai and Talaat’s story and their award-winning personal finance wisdom has been featured in major media outlets like MSN, USA Today and Business Insider. I’m honored to feature their success on the show today.
I hope it inspires you to win as well!
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:





About Our Guest:  Talaat McNeely

Talaat and Tai McNeely, “America’s #1 Money Couple”, are Financial Educators that are on a mission to get individuals and couples on the same page financially, and to experience the joys of financial freedom. They are co-authors of Money Talks: The Ultimate Couple’s Guide To Communicating About Money. They are also the hosts of the top-rated podcast, “The His and Her Money Show”.
Talaat and Tai McNeely (His and Her Money) have been featured in numerous publications such as Yahoo, FoxNews.com, MSN.com, Essence, and Business Insider.
Money Master of the Week
Jude from Connecticut just paid off $35,000 of debt in 11 months!

When Jude learned he was going to become a father, he immediately started thinking about the future and how he could best protect his new child. Becoming debt free was at the top of his list!
His gazelle-like intensity was inspired by The Total Money Makeover by Dave Ramsey (me too Jude!). Now that he’s debt free, he’s got his sights set on buying a home for his young family.
If you want to follow Jude’s path toward financial independence, check him out at African Style FI.
Jude is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  CREDIT SESAME

GET YOUR FREE CREDIT SCORE TODAY – Free score, credit monitoring and $50,000 in identity theft insurance … and you support this show too!
SHOW SPONSOR:  TILLER
]]>
Andy Hill 53:09 4398
Optimize Your Family Life with Real Estate – with Chad Carson https://www.marriagekidsandmoney.com/optimize-your-family-life-with-real-estate-with-chad-carson/ Mon, 20 Aug 2018 07:13:21 +0000 http://www.marriagekidsandmoney.com/?p=4354 https://www.marriagekidsandmoney.com/optimize-your-family-life-with-real-estate-with-chad-carson/#respond https://www.marriagekidsandmoney.com/optimize-your-family-life-with-real-estate-with-chad-carson/feed/ 0 <p>I’m very interested in getting into buy-and-hold rental real estate. The additional income and the ability to grow a business that my family can be a part of just gets me all jacked up. To continue to fan the flames of my real estate dreams, I’ve invited Chad Carson on the show today. Chad is … <a href="https://www.marriagekidsandmoney.com/optimize-your-family-life-with-real-estate-with-chad-carson/" class="more-link">Continue reading<span class="screen-reader-text"> "Optimize Your Family Life with Real Estate – with Chad Carson"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/optimize-your-family-life-with-real-estate-with-chad-carson/">Optimize Your Family Life with Real Estate – with Chad Carson</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

I’m very interested in getting into buy-and-hold rental real estate. The additional income and the ability to grow a business that my family can be a part of just gets me all jacked up.

To continue to fan the flames of my real estate dreams, I’ve invited Chad Carson on the show today. Chad is a full-time real estate investor, world traveler, father of two and a dedicated husband.

For the last 15 years, Chad has built a real estate portfolio that has allowed his family to comfortably live without the need for full-time W-2 employment. He uses his extra time to spend quality time with his wife and kids and create lifelong memories together both locally and globally. 

Family Holding Hands Together on a Beach

What are we covering?

Chad and I chat review:

  • How he got into buy-and-hold rental real estate
  • The strategies he used to scale his rental property portfolio
  • How he’s able to travel the world with his young family while still maintaining a profitable business

Through the moniker Coach Carson, Chad now gives priceless advice on how to invest in real estate and retire early. He’s been featured in Rockstar Finance, Business Insider, Yahoo Finance, and his new book aptly titled “Retire Early with Real Estate” drops on August 23rd.

Enjoy this conversation! I definitely did.

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:

Marriage, Kids and Money, Andy Hill

stitcher

About Our Guest:  Chad “Coach” Carson

Chad Carson Headshot

Chad Carson is an early retiree who used real estate investing to reach financial independence. His blog at coachcarson.com and upcoming book with BiggerPockets teach others to do the same. Chad and his family recently spent almost 1.5 years living abroad in Cuenca, Ecuador.

When not traveling or nerding out on real estate, Chad also loves to read, exercise, spend time outdoors, and contribute to his local community in Clemson, South Carolina.


Money Master of the Week

Pauline from Canada recently purchased her first rental property!

Woman drinking coffee in a cafe

After saving up cash and investing in the market, Pauline has used her savings to buy real estate in an up and coming area near her current residence. She plans to rent it out for three years, update it and then move into it herself as part of her overall financial independence plan.

If you want to learn more about Pauline and follow her path to financial independence through real estate, check her out at Sunday Brunch Cafe.

Pauline is our Money Master of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources

SHOW SPONSOR:  CREDIT SESAME

Credit Sesame, Monitor Credit, Credit Score

GET YOUR FREE CREDIT SCORE TODAY – Free score, credit monitoring and $50,000 in identity theft insurance … and you support this show too!

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

Chad Carson’s RESOURCES

Website:  CoachCarson.com

BookRetire Early with Real Estate by Chad Carson

MKM PODCAST RESOURCES

MKM Coaching with Andy Hill:  Request a free 30-minute consultation call with me so we can partner together on your path to financial freedom.
Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“To live is to choose. But to choose well, you must know who you are and what you stand for, where you want to go and why you want to get there.”
-Kofi Annan

Subscribe on Apple Podcasts or Google Podcasts today!


 

The post Optimize Your Family Life with Real Estate – with Chad Carson appeared first on Marriage, Kids and Money.

]]>
I’m very interested in getting into buy-and-hold rental real estate. The additional income and the ability to grow a business that my family can be a part of just gets me all jacked up. To continue to fan the flames of my real estate dreams, I’m very interested in getting into buy-and-hold rental real estate. The additional income and the ability to grow a business that my family can be a part of just gets me all jacked up.
To continue to fan the flames of my real estate dreams, I’ve invited Chad Carson on the show today. Chad is a full-time real estate investor, world traveler, father of two and a dedicated husband.
For the last 15 years, Chad has built a real estate portfolio that has allowed his family to comfortably live without the need for full-time W-2 employment. He uses his extra time to spend quality time with his wife and kids and create lifelong memories together both locally and globally. 


What are we covering?
Chad and I chat review:

* How he got into buy-and-hold rental real estate
* The strategies he used to scale his rental property portfolio
* How he’s able to travel the world with his young family while still maintaining a profitable business

Through the moniker Coach Carson, Chad now gives priceless advice on how to invest in real estate and retire early. He’s been featured in Rockstar Finance, Business Insider, Yahoo Finance, and his new book aptly titled “Retire Early with Real Estate” drops on August 23rd.
Enjoy this conversation! I definitely did.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:





About Our Guest:  Chad “Coach” Carson

Chad Carson is an early retiree who used real estate investing to reach financial independence. His blog at coachcarson.com and upcoming book with BiggerPockets teach others to do the same. Chad and his family recently spent almost 1.5 years living abroad in Cuenca, Ecuador.
When not traveling or nerding out on real estate, Chad also loves to read, exercise, spend time outdoors, and contribute to his local community in Clemson, South Carolina.

Money Master of the Week
Pauline from Canada recently purchased her first rental property!

After saving up cash and investing in the market, Pauline has used her savings to buy real estate in an up and coming area near her current residence. She plans to rent it out for three years, update it and then move into it herself as part of her overall financial independence plan.
If you want to learn more about Pauline and follow her path to financial independence through real estate, check her out at Sunday Brunch Cafe.
Pauline is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  CREDIT SESAME

GET YOUR FREE CREDIT SCORE TODAY – Free score, credit monitoring and $50,000 in identity theft insurance … and you support this show too!
SHOW SPONSOR:  TILLER
30-Day FREE Trial – Control your money and support this show.
Chad Carson’s RESOURCES
Website:   54:43 4354
It’s Time To Become a Financial Grownup – with Bobbi Rebell https://www.marriagekidsandmoney.com/its-time-to-become-a-financial-grownup-with-bobbi-rebell/ Mon, 13 Aug 2018 07:13:30 +0000 http://www.marriagekidsandmoney.com/?p=4308 https://www.marriagekidsandmoney.com/its-time-to-become-a-financial-grownup-with-bobbi-rebell/#comments https://www.marriagekidsandmoney.com/its-time-to-become-a-financial-grownup-with-bobbi-rebell/feed/ 2 <p></iframtbd      There comes a time in our lives when we’re ready to take control of our finances. Perhaps we’re sick and tired of our mountain of student loans or our pitiful savings account. Maybe we’re finally ready to invest for our retirement … But where do we begin? There are so many things … <a href="https://www.marriagekidsandmoney.com/its-time-to-become-a-financial-grownup-with-bobbi-rebell/" class="more-link">Continue reading<span class="screen-reader-text"> "It’s Time To Become a Financial Grownup – with Bobbi Rebell"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/its-time-to-become-a-financial-grownup-with-bobbi-rebell/">It’s Time To Become a Financial Grownup – with Bobbi Rebell</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

There comes a time in our lives when we’re ready to take control of our finances. Perhaps we’re sick and tired of our mountain of student loans or our pitiful savings account.

Maybe we’re finally ready to invest for our retirement …

But where do we begin? There are so many things to do and we’re WAY behind!

Have no fear my friends … I’ve invited CFP and Personal Finance Author Bobbi Rebell on the show to share how we can all become Financial Grownups starting today.

401k, Retirement Planning, Investing, Automation
Pin this image for later for the best tips on how to become a financial grownup!

What are we covering?

Bobbi and I chat about:

  • Strategies for people to climb out of massive debt
  • How we can fight the FOMO and the YOLO and achieve our financial goals
  • Why automation can be our very best financial friend

This episode is all about straightforward action to help you win with your money. Join us for the next 30 minutes and take your finances to the next level.

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:

Marriage, Kids and Money, Andy Hill

stitcher

About Our Guest:  Bobbi Rebell, CFP

Bobbi is the author of the best-selling self-help/personal finance book “ “How to Be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom”.

The book combines unique personal financial stories from inspirational leaders with targeted and relatable advice to help readers take charge of their money. Role Models include Tony Robbins, Kevin O’Leary, Cynthia Rowley, Jim Cramer, Drew Barrymore and Sallie Krawcheck. Bobbi and “Financial Grownup” have been featured in Cosmopolitan Magazine, AARP Magazine, Cheddar, Fox News, Well + Good,  Oprah.com, The NYPost, Redbook Magazine, Refinery 29,  US News and World Report, the Tony Robbins blog, Business Insider, Yahoo Finance, The Better Man Show, Stacking Benjamins, Her Money with Jean Chatzky, So Money with Farnoosh Torabi, and countless other media outlets.


Money Master of the Week

Emilie from Cincinnati recently crushed her credit card debt and is now moving onto her student loans!

After taking out a 15 month 0% interest credit card last October and doing some nice updates to her home, Emilie has just paid it all off!  She’s feeling good to be back to zero credit card debt.

Her next goal is to continue chipping away at her student loans by paying down the balance by $20,000 in 2018. Talk about dedication!

If you want to learn more about Emilie and follow her path to debt freedom, check her out at Wise Mind Money.

Emilie is our Money Master of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources

SHOW SPONSOR:  Credit sesame

Credit Sesame, Monitor Credit, Credit Score

GET YOUR FREE CREDIT SCORE TODAY – Free score, credit monitoring and $50,000 in identity theft insurance … and you support this show too!

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

Bobbi Rebell’s RESOURCES

Website:  BobbiRebell.com

BookHow to Be a Financial Grownup with Bobbi Rebell

PodcastInterview with Andy Hill on Financial Grownup Podcast

MKM PODCAST RESOURCES

MKM Coaching with Andy Hill:  Request a free 30-minute consultation call with me so we can partner together on your path to financial freedom.
Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“Do not save what is left after spending; instead spend what is left after saving.”
― Warren Buffett

Subscribe on Apple Podcasts today!


 

The post It’s Time To Become a Financial Grownup – with Bobbi Rebell appeared first on Marriage, Kids and Money.

]]> </iframtbd      There comes a time in our lives when we’re ready to take control of our finances. Perhaps we’re sick and tired of our mountain of student loans or our pitiful savings account. Maybe we’re finally ready to invest for our retirement … Bu...  
 

There comes a time in our lives when we’re ready to take control of our finances. Perhaps we’re sick and tired of our mountain of student loans or our pitiful savings account.
Maybe we’re finally ready to invest for our retirement …
But where do we begin? There are so many things to do and we’re WAY behind!
Have no fear my friends … I’ve invited CFP and Personal Finance Author Bobbi Rebell on the show to share how we can all become Financial Grownups starting today.

What are we covering?
Bobbi and I chat about:

* Strategies for people to climb out of massive debt
* How we can fight the FOMO and the YOLO and achieve our financial goals
* Why automation can be our very best financial friend

This episode is all about straightforward action to help you win with your money. Join us for the next 30 minutes and take your finances to the next level.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:





About Our Guest:  Bobbi Rebell, CFP

Bobbi is the author of the best-selling self-help/personal finance book “ “How to Be a Financial Grownup: Proven Advice from High Achievers on How to Live Your Dreams and Have Financial Freedom”.
The book combines unique personal financial stories from inspirational leaders with targeted and relatable advice to help readers take charge of their money. Role Models include Tony Robbins, Kevin O’Leary, Cynthia Rowley, Jim Cramer, Drew Barrymore and Sallie Krawcheck. Bobbi and “Financial Grownup” have been featured in Cosmopolitan Magazine, AARP Magazine, Cheddar, Fox News, Well + Good,  Oprah.com, The NYPost, Redbook Magazine, Refinery 29,  US News and World Report, the Tony Robbins blog, Business Insider, Yahoo Finance, The Better Man Show, Stacking Benjamins, Her Money with Jean Chatzky, So Money with Farnoosh Torabi, and countless other media outlets.

Money Master of the Week
Emilie from Cincinnati recently crushed her credit card debt and is now moving onto her student loans!

After taking out a 15 month 0% interest credit card last October and doing some nice updates to her home, Emilie has just paid it all off!  She’s feeling good to be back to zero credit card debt.
Her next goal is to continue chipping away at her student loans by paying down the balance by $20,000 in 2018. Talk about dedication!
If you want to learn more about Emilie and follow her path to debt freedom, check her out at Wise Mind Money.
Emilie is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your financial plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

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Andy Hill 34:32 4308 Should I Pay Off My Mortgage or Invest? https://www.marriagekidsandmoney.com/should-i-pay-off-my-mortgage-or-invest/ Mon, 06 Aug 2018 07:13:27 +0000 http://www.marriagekidsandmoney.com/?p=4241 https://www.marriagekidsandmoney.com/should-i-pay-off-my-mortgage-or-invest/#comments https://www.marriagekidsandmoney.com/should-i-pay-off-my-mortgage-or-invest/feed/ 5 <p> Our question of the month comes in from Luke from Indiana: Hey Andy, I was reading on your blog that you recently paid off your mortgage early. Congratulations! I’m a Dave Ramsey guy like you and we’re getting close to baby step 6. I’m considering going heavy into paying off my mortgage like you … <a href="https://www.marriagekidsandmoney.com/should-i-pay-off-my-mortgage-or-invest/" class="more-link">Continue reading<span class="screen-reader-text"> "Should I Pay Off My Mortgage or Invest?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/should-i-pay-off-my-mortgage-or-invest/">Should I Pay Off My Mortgage or Invest?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

Our question of the month comes in from Luke from Indiana:


Hey Andy,

I was reading on your blog that you recently paid off your mortgage early. Congratulations!

I’m a Dave Ramsey guy like you and we’re getting close to baby step 6. I’m considering going heavy into paying off my mortgage like you did, but I’m also thinking it might be smarter for me to invest more for my retirement or just simply invest in the market. I also know market returns are unpredictable and we’re near all-time highs.

I have a 15-year mortgage at around 4% and the principal sits around $200,000. My wife and I are both working – we like what we do and combined we make around $200,000 per year. I feel like we could throw $50k per year at the mortgage and we’d be done in 4 years or less.

That could also be a good amount to throw at our retirement each year too.

What would you suggest for us? Should we pay off our mortgage or invest the money?

Thanks for doing what you do – your podcast has been really helpful for me and my wife.

Luke


Nice work Luke!

You have a $200k household income and you’re on baby step 6 of the Dave Ramsey program.  For those of you who don’t know the Dave Ramsey lingo, baby step 6 means that Luke and his wife are debt free (outside of the mortgage), they have at least 3 months of expenses in an emergency fund and they are investing 15% of their income in retirement.

So Luke and his wife are pretty much rock stars!

And now Luke wants to know where to place his money now. Hmmmm!

Mortgage Freedom, Retirement Investing, 401k, blooom

Well, I was in a very similar situation to you when we started our mortgage pay down process. Fortunately or unfortunately for me, I followed the Total Money Makeover by the book. Whatever Dave Ramsey said, I did.

It wasn’t really until a few years ago I started to think, “Maybe I shouldn’t be paying off my mortgage early. Perhaps I should invest more instead.” But honestly, we were halfway through paying off our mortgage and I just didn’t want to stop.

I have no regrets about eliminating our mortgage. I think it was an awesome idea and I definitely love the freedom and reduction of stress that has come into my family’s life since we paid it off. BUT I would have done things a little differently if I were in your shoes, Luke.

Here are 3 things I’d consider for your situation BEFORE paying down the mortgage:

1. Max Out Your Workplace 401k’s

If you’re only investing 15% of your household income into retirement, then it may be time for you to increase your contribution. 15% of your $200,000 income would be $30,000. While that’s awesome, that leaves you about $7,000 short of maxing out your 401ks when the maximum contribution is $18,500. If you get an employer match, that’s free money you’re leaving on the table.

I’m not sure how your office programs work, but mine matches 15% of our contributions so if I invest the max of $18,500 this year, I’ll get $2,775 in free money! Say it with me now … free money!

Luke, check out your wife’s office 401k program and check out yours. You may just be missing out on some free money. Even if the match isn’t incredible, maxing out your 401ks will help you pay fewer taxes now on your big ole $200,000 annual income.

Related Post:  3 Smart Reasons for New Investors to Choose Index Funds

2. Max Out Your IRAs

Depending on your exact income level (I know you said “around $200,000”), your taxable income may be lowered enough by your pre-tax retirement 401ks savings for you and your wife to contribute to a Roth IRA.

There are loads of benefits with a Roth IRA as I’m sure you know:

  • Up to $5,500 per year in contributions (in 2018)
  • Tax-free growth
  • Tax-free withdrawals

If you would rather decrease your taxable income further, then opt for the Traditional IRA.

  • Similar to the Roth, $5,500 in contributions in 2018
  • Pre-tax contribution that lowers your taxable income  (not a bad idea for you high-income earners)

Whatever you choose, Roth or Traditional, consider maxing these bad boys out. There are lots of tax benefits!

3. Max Out the HSA

Luke, do either you or your wife have a High Deductible Health Plan through your workplace benefits?

If so, I would consider signing up for it. You’ll get lower monthly premiums for the exchange of a higher deductible. And since you now have such a healthy emergency savings account, you can cover those high deductibles if needed.

Another major benefit of the High Deductible Health Plan is that you can sign up for an HSA plan. A HSA (or Health Savings Account) helps you save money tax-free against approved medical expenses. Those deductibles, co-pays and other medical costs can be covered tax-free.

The HSA is often confused with a FSA, but they are very different. The FSA requires you to use the balance of your contributions within the plan year or you lose the contributions.  The HSA balance carries over year over year. No “use it or lose it” with the HSA. 

Best of all, you can invest your money too!

Pre-tax/tax-deductible contributions, tax-free growth, AND the money can come out tax-free… So worth it!

Related Post15-Year Mortgage Paid in 5 Years

What About the Mortgage?

If you take advantage of all of these savings opportunities (pre-tax 401k, and let’s say you go with the traditional ira and a HSA), all in for both you and your wife you could reduce your taxable income by about $55,000.

THEN … I would start hacking away at the mortgage.

With your big income and a saver’s mindset, I bet you could still pay that 15-year mortgage off in 5 years or less. You’re motivated. You’re making great money. Just think of where your retirement savings will be in 5 years. And think of how much disposable income you’ll have in 5 years with no mortgage.

Your future looks bright, Mr. Luke.

And as far as investing in a taxable brokerage account versus paying off the mortgage after you take advantage of these 3 areas I spoke about … that’s up to you.

If it were me, I would pay the mortgage off again … and again … and again. I love living in a house that I own free and clear, I love the reduced stress I have knowing that my annual expenses are much lower without a mortgage.

So long story short Luke, invest a boatload in your tax-advantaged retirement accounts and then destroy that mortgage.

Congratulations on getting to this spot in your life. You and your wife should be very proud.


Money Master of the Week

Mark from St. Louis just paid off $50,000 in student loans and his $100,000 mortgage in 7 short years!

After fighting shiny object syndrome and delaying some house improvements, Mark and his family can now finally celebrate their mortgage freedom. They are going to take some family trips together and do some nice updates to their new paid for home.

With their additional funds, Mark and his family will now be saving up for their first rental property. Legacy wealth is in their future!

Mark from St. Louis is our Money Master of the Week!

You can follow Mark and learn about his mortgage destruction at Financial Pilgrimage.

If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.

Your story will inspire others to save more, make more and plan for their family’s future.


FinTech Spotlight

Marriage, Kids and Money Podcast, Blooom

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂

Our Featured Guest:  Chris Costello

Chris Costello is the chairman and co-founder of blooom – one of the nation’s fastest-growing robo-advisors aimed at helping millions of underserved retirement savers.

He has earned the prestigious CERTIFIED FINANCIAL PLANNER™ designation and has been working with individual clients and building portfolio allocations for over two decades. Chris has personally coached people through the ups and downs of the market including the dot.com crash and financial crisis.

Prior to blooom, he co-founded another investment advisory firm that grew to manage over $500 million for clients. At blooom, Chris leads the company in building innovative financial services to reach all under-served Americans. Blooom has been named one of the world’s most innovative companies by Fast Company, and Chris was selected as one of the “Ten to Watch in 2016” by WealthManagement.

Free 401k Analyzer


Show Resources

MKM PODCAST RESOURCES

Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Join the MKM Community: You’ll receive a free e-book, Young Family Wealth Playbook and some tips, tricks and resources from Andy.

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

Yesterday ended last night. Today is a brand-new day.”
-Zig Ziglar

Would you rather invest your extra money or pay off your mortgage?

Please let us know in the comments below.


The post Should I Pay Off My Mortgage or Invest? appeared first on Marriage, Kids and Money.

]]>
 Our question of the month comes in from Luke from Indiana: Hey Andy, I was reading on your blog that you recently paid off your mortgage early. Congratulations! I’m a Dave Ramsey guy like you and we’re getting close to baby step 6. Our question of the month comes in from Luke from Indiana:

Hey Andy,
I was reading on your blog that you recently paid off your mortgage early. Congratulations!
I’m a Dave Ramsey guy like you and we’re getting close to baby step 6. I’m considering going heavy into paying off my mortgage like you did, but I’m also thinking it might be smarter for me to invest more for my retirement or just simply invest in the market. I also know market returns are unpredictable and we’re near all-time highs.
I have a 15-year mortgage at around 4% and the principal sits around $200,000. My wife and I are both working – we like what we do and combined we make around $200,000 per year. I feel like we could throw $50k per year at the mortgage and we’d be done in 4 years or less.
That could also be a good amount to throw at our retirement each year too.
What would you suggest for us? Should we pay off our mortgage or invest the money?

Thanks for doing what you do – your podcast has been really helpful for me and my wife.
Luke

Nice work Luke!
You have a $200k household income and you’re on baby step 6 of the Dave Ramsey program.  For those of you who don’t know the Dave Ramsey lingo, baby step 6 means that Luke and his wife are debt free (outside of the mortgage), they have at least 3 months of expenses in an emergency fund and they are investing 15% of their income in retirement.
So Luke and his wife are pretty much rock stars!
And now Luke wants to know where to place his money now. Hmmmm!

Well, I was in a very similar situation to you when we started our mortgage pay down process. Fortunately or unfortunately for me, I followed the Total Money Makeover by the book. Whatever Dave Ramsey said, I did.
It wasn’t really until a few years ago I started to think, “Maybe I shouldn’t be paying off my mortgage early. Perhaps I should invest more instead.” But honestly, we were halfway through paying off our mortgage and I just didn’t want to stop.
I have no regrets about eliminating our mortgage. I think it was an awesome idea and I definitely love the freedom and reduction of stress that has come into my family’s life since we paid it off. BUT I would have done things a little differently if I were in your shoes, Luke.
Here are 3 things I’d consider for your situation BEFORE paying down the mortgage:
1. Max Out Your Workplace 401k’s
If you’re only investing 15% of your household income into retirement, then it may be time for you to increase your contribution. 15% of your $200,000 income would be $30,000. While that’s awesome, that leaves you about $7,000 short of maxing out your 401ks when the maximum contribution is $18,500. If you get an employer match, that’s free money you’re leaving on the table.
I’m not sure how your office programs work, but mine matches 15% of our contributions so if I invest the max of $18,500 this year, I’ll get $2,775 in free money! Say it with me now … free money!
Luke, check out your wife’s office 401k program and check out yours. You may just be missing out on some free money. Even if the match isn’t incredible, maxing out your 401ks will help you pay fewer taxes now on your big ole $200,000 annual income.

Related Post:  43:16 4241
Why You Need an Identity Outside of “Parent” and “Employee” – with Mark Bovair https://www.marriagekidsandmoney.com/why-you-need-an-identity-outside-of-parent-and-employee-with-mark-bovair/ Mon, 30 Jul 2018 07:13:34 +0000 http://www.marriagekidsandmoney.com/?p=4210 https://www.marriagekidsandmoney.com/why-you-need-an-identity-outside-of-parent-and-employee-with-mark-bovair/#respond https://www.marriagekidsandmoney.com/why-you-need-an-identity-outside-of-parent-and-employee-with-mark-bovair/feed/ 0 <p> As young parents, we can easily lose our identity. If we’re not feeding, clothing and cleaning up after our children, then we’re at our full-time jobs grinding away trying to pay the bills. Where is the “me” time? When do I get time for my hobbies and interests? That’s what I’m exploring today with my … <a href="https://www.marriagekidsandmoney.com/why-you-need-an-identity-outside-of-parent-and-employee-with-mark-bovair/" class="more-link">Continue reading<span class="screen-reader-text"> "Why You Need an Identity Outside of “Parent” and “Employee” – with Mark Bovair"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/why-you-need-an-identity-outside-of-parent-and-employee-with-mark-bovair/">Why You Need an Identity Outside of “Parent” and “Employee” – with Mark Bovair</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

As young parents, we can easily lose our identity. If we’re not feeding, clothing and cleaning up after our children, then we’re at our full-time jobs grinding away trying to pay the bills.

Where is the “me” time?

When do I get time for my hobbies and interests?

That’s what I’m exploring today with my special guest, Mark Bovair.

Mark is a single father of 3 who hails from the great state of Michigan (like me). Personally, I really enjoy his conversations and perspective around fatherhood, balancing work with a pursuit of your passions and discovering who you really are.

Fatherhood, Pursuing Your Passion, Quality of Life

What are we covering?

Mark and I discuss:

  • Finding purpose in the daily grind
  • Why having your own interests and hobbies is good for your children
  • How minimalism can aid in reducing your stress

This is just two 30-something guys chatting about parenthood, work and the general meaning of life … you know, no big deal.

Join us as we navigate the murky waters of being a young parent and make some revelations that help us both.

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:

Marriage, Kids and Money, Andy Hill

stitcher

About Our Guest:  Mark Bovair

Minimalism, Personal Finance
Mark Bovair

Since Mark went to school for finance, he has had a lifelong interest in helping others get their money right. His personal finance journey has seen him escape the grips of debt twice.

Mark is an accountant by day and a personal finance coach in his free time. He’s also a father to 3 kids and a very average golfer.


Money Master of the Week

Jess and Josh Boyce from Florida paid off $147,000 of debt in just 3 years!

Debt Free
Josh and Jess Boyce

I discovered Jess and Josh’s story as I was scrolling through Twitter the other day … Here are the high-level details of their big victory:

  • They racked up $147,000 in student loans, car debt, bedroom furniture loans and credit card debt
  • Figuring everyone just sort of lived with massive debt, they let it fester for a while until they met a couple that had retired early.
  • They were so inspired by this financially independent couple … they wanted in!
  • The debt pay down started right away in 2015
  • With their combined $95,000 income, they started tracking their income and expenses with a zero-based budget, started living below their means and slowly but surely they chipped away at the debt each month.
  • Three years later in May of 2018 … they became DEBT FREE!

This is how it’s done, my friends!  When you clean up your debt, you feel free and ready to take on any challenge. 

Now, these two are all excited about pursuing financial independence. Talk about true freedom!

If you want to learn more about Jess and Josh, check out their feature in Time from this past week. 

Jess and Josh are our Money Masters of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources

SHOW SPONSOR:  BLOOOM

Marriage, Kids and Money Podcast, Blooom

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

Mark Bovair’S RESOURCES

Twitter:  Twitter.com/MarkAllanBovair

Recommended PodcastThe Minimalists

Recommended BlogMr. Money Mustache

Recommended BookSkin in the Game by Nassim Taleb

MKM PODCAST RESOURCES

MKM Coaching with Andy Hill:  Request a free 30-minute consultation call with me so we can partner together on your path to financial freedom.
Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“Don’t live the same day over and over again and call that a life. Life is about evolving mentally, spiritually, and emotionally.”
― Germany Kent

Are you a young parent seeking out a new identity?

Please let me know in the comments below.


The post Why You Need an Identity Outside of “Parent” and “Employee” – with Mark Bovair appeared first on Marriage, Kids and Money.

]]>  As young parents, we can easily lose our identity. If we’re not feeding, clothing and cleaning up after our children, then we’re at our full-time jobs grinding away trying to pay the bills. Where is the “me” time? As young parents, we can easily lose our identity. If we’re not feeding, clothing and cleaning up after our children, then we’re at our full-time jobs grinding away trying to pay the bills.
Where is the “me” time?
When do I get time for my hobbies and interests?
That’s what I’m exploring today with my special guest, Mark Bovair.
Mark is a single father of 3 who hails from the great state of Michigan (like me). Personally, I really enjoy his conversations and perspective around fatherhood, balancing work with a pursuit of your passions and discovering who you really are.


What are we covering?
Mark and I discuss:

* Finding purpose in the daily grind
* Why having your own interests and hobbies is good for your children
* How minimalism can aid in reducing your stress

This is just two 30-something guys chatting about parenthood, work and the general meaning of life … you know, no big deal.
Join us as we navigate the murky waters of being a young parent and make some revelations that help us both.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:




About Our Guest:  Mark Bovair
Since Mark went to school for finance, he has had a lifelong interest in helping others get their money right. His personal finance journey has seen him escape the grips of debt twice.
Mark is an accountant by day and a personal finance coach in his free time. He’s also a father to 3 kids and a very average golfer.

Money Master of the Week
Jess and Josh Boyce from Florida paid off $147,000 of debt in just 3 years!
I discovered Jess and Josh’s story as I was scrolling through Twitter the other day … Here are the high-level details of their big victory:

They racked up $147,000 in student loans, car debt, bedroom furniture loans and credit card debt
Figuring everyone just sort of lived with massive debt, they let it fester for a while until they met a couple that had retired early.
They were so inspired by this financially independent couple … they wanted in!
The debt pay down started right away in 2015
With their combined $95,000 income, they started tracking their income and expenses with a zero-based budget, started living below their means and slowly but surely they chipped away at the debt each month.
Three years later in May of 2018 … they became DEBT FREE!

This is how it’s done, my friends!  When you clean up your debt, you feel free and ready to take on any challenge. 
Now, these two are all excited about pursuing financial independence. Talk about true freedom!
If you want to learn more about Jess and Josh, check out their feature in Time from this past week. 
Jess and Josh are our Money Masters of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.
]]>
Andy Hill 54:40 4210 Why Playing Games With Your Kids Will Save Them From Living Paycheck to Paycheck – with Paul Vasey https://www.marriagekidsandmoney.com/why-playing-games-with-your-kids-will-save-them-from-living-paycheck-to-paycheck-with-paul-vasey/ Mon, 23 Jul 2018 07:13:51 +0000 http://www.marriagekidsandmoney.com/?p=4170 https://www.marriagekidsandmoney.com/why-playing-games-with-your-kids-will-save-them-from-living-paycheck-to-paycheck-with-paul-vasey/#respond https://www.marriagekidsandmoney.com/why-playing-games-with-your-kids-will-save-them-from-living-paycheck-to-paycheck-with-paul-vasey/feed/ 0 <p>I’m all about giving my kids the very best in life. That all starts with equipping them with the ability to provide for themselves in the future. Basic financial literacy is a great place to start. Given that 78% of Americans live paycheck to paycheck, according to CNBC, it is incumbent on us as parents to … <a href="https://www.marriagekidsandmoney.com/why-playing-games-with-your-kids-will-save-them-from-living-paycheck-to-paycheck-with-paul-vasey/" class="more-link">Continue reading<span class="screen-reader-text"> "Why Playing Games With Your Kids Will Save Them From Living Paycheck to Paycheck – with Paul Vasey"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/why-playing-games-with-your-kids-will-save-them-from-living-paycheck-to-paycheck-with-paul-vasey/">Why Playing Games With Your Kids Will Save Them From Living Paycheck to Paycheck – with Paul Vasey</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

I’m all about giving my kids the very best in life. That all starts with equipping them with the ability to provide for themselves in the future. Basic financial literacy is a great place to start.

Given that 78% of Americans live paycheck to paycheck, according to CNBC, it is incumbent on us as parents to start the financial education process early so our kids will have better lives than we do.

There’s no one better to talk about these elementary (and crucial) math skills than Paul Vasey. Paul is the founder of Cash Crunch Games. This is a series of games for kids that teach money habits that will help them not live paycheck to paycheck and truly win in life.

Financial Literacy, Kids and Money, Financial Education for Children

What are we covering?

Paul and I chat about:

  • How he developed Cash Crunch Games
  • Why playing games with your kids can you help them (and you) financially
  • Everyday money principles we can teach our children to help them thrive

My 6-year old Zoey and I have played Cash Crunch Junior and she really enjoys it. We practice counting money together and we discuss the consequences of spending all of your money. These are great lessons for my little girl to be learning.

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:


Marriage, Kids and Money, Andy Hillstitcher

About Our Guest:  Paul Vasey

Cash Crunch Games
Paul Vasey, Founder of Cash Crunch Games

A former teacher turned entrepreneur, Paul Vasey saw a huge disconnect between money habits and money skills. He subsequently created Cash Crunch Games as a way of teaching money habits in a “learn while you play without realizing it” format.

He has since developed games for ages 7 to 21 and believes that money skills are often underrated and overlooked.

Money Master of the Week

Mike Murphy wrote me an inspiring email that got me fired about investing and teaching my kids about money … here’s Mike’s email:


“I recently found your podcast and have really been enjoying listening to you and your guests.  I also like how you share some money “wins” of your listeners.

We have a money win we’d like to share.  My wife and I recently sold our rental house.  This was a house that we bought in the throws of the great recession.  We bought it for $15,500 (cash), I put $3,000 into it fixing it up (doing a lot of the work myself) and have rented it out the past nine years.  We just sold this house for over $100,000. If you add up the sales price with the rent collected over the years, it’s over the ten times our initial investment.

Another positive was that our oldest son helped with repairs & maintenance and got to see first hand the benefit of hard work.  This also helped the kids understand the old adage “buy low and sell high”.

Keep you the good work on the pod!”


Mike, that is such a huge win! Congratulations!

My favorite part of this email is the lesson that Mike’s son is learning from this family investment. Do you think Mike’s son is going to know a thing or two about real estate as he gets older? Guaranteed!

I’m so inspired to do this with my kids as they get older. They can help us with the properties, get paid, have fun and plan for the future.

This is how generational wealth is built, my friends!

Mike Murphy is our Money Master of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources

SHOW SPONSOR:  BLOOOM

Marriage, Kids and Money Podcast, Blooom

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

Paul Vasey’S RESOURCES

WebsiteCash Crunch Games

Recommended Resource:  FamZoo

Recommended Book: No Cash Allowance by Lynne L. Finch

MKM PODCAST RESOURCES

Warren Buffett’s Secret Millionaires Club: Video series for kids to learn financial literacy and entrepreneurship

Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“Children are sponges—they are going to absorb whatever is around them, so we need to be intentional about what surrounds them.”
― Dave Ramsey

How do you teach your kids smart financial habits?

Please let me know in the comments below.


 

The post Why Playing Games With Your Kids Will Save Them From Living Paycheck to Paycheck – with Paul Vasey appeared first on Marriage, Kids and Money.

]]>
I’m all about giving my kids the very best in life. That all starts with equipping them with the ability to provide for themselves in the future. Basic financial literacy is a great place to start. Given that 78% of Americans live paycheck to paycheck,... I’m all about giving my kids the very best in life. That all starts with equipping them with the ability to provide for themselves in the future. Basic financial literacy is a great place to start.
Given that 78% of Americans live paycheck to paycheck, according to CNBC, it is incumbent on us as parents to start the financial education process early so our kids will have better lives than we do.
There’s no one better to talk about these elementary (and crucial) math skills than Paul Vasey. Paul is the founder of Cash Crunch Games. This is a series of games for kids that teach money habits that will help them not live paycheck to paycheck and truly win in life.


What are we covering?
Paul and I chat about:

* How he developed Cash Crunch Games
* Why playing games with your kids can you help them (and you) financially
* Everyday money principles we can teach our children to help them thrive

My 6-year old Zoey and I have played Cash Crunch Junior and she really enjoys it. We practice counting money together and we discuss the consequences of spending all of your money. These are great lessons for my little girl to be learning.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:



About Our Guest:  Paul Vasey
A former teacher turned entrepreneur, Paul Vasey saw a huge disconnect between money habits and money skills. He subsequently created Cash Crunch Games as a way of teaching money habits in a “learn while you play without realizing it” format.
He has since developed games for ages 7 to 21 and believes that money skills are often underrated and overlooked.
Money Master of the Week
Mike Murphy wrote me an inspiring email that got me fired about investing and teaching my kids about money … here’s Mike’s email:

“I recently found your podcast and have really been enjoying listening to you and your guests.  I also like how you share some money “wins” of your listeners.
We have a money win we’d like to share.  My wife and I recently sold our rental house.  This was a house that we bought in the throws of the great recession.  We bought it for $15,500 (cash), I put $3,000 into it fixing it up (doing a lot of the work myself) and have rented it out the past nine years.  We just sold this house for over $100,000. If you add up the sales price with the rent collected over the years, it’s over the ten times our initial investment.
Another positive was that our oldest son helped with repairs & maintenance and got to see first hand the benefit of hard work.  This also helped the kids understand the old adage “buy low and sell high”.
Keep you the good work on the pod!”

Mike, that is such a huge win! Congratulations!
My favorite part of this email is the lesson that Mike’s son is learning from this family investment. Do you think Mike’s son is going to know a thing or two about real estate as he gets older? Guaranteed!
I’m so inspired to do this with my kids as they get older. They can help us with the properties, get paid, have fun and plan for the future.
This is how generational wealth is built, my friends!
Mike Murphy is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:
Andy Hill 42:32 4170
Grow Your Side Hustle into a Full-Time Family Business – with Tom and Ariana Sylvester https://www.marriagekidsandmoney.com/grow-your-side-hustle-into-a-full-time-family-business-with-tom-and-ariana-sylvester-2/ Mon, 16 Jul 2018 07:13:39 +0000 http://www.marriagekidsandmoney.com/?p=4123 https://www.marriagekidsandmoney.com/grow-your-side-hustle-into-a-full-time-family-business-with-tom-and-ariana-sylvester-2/#respond https://www.marriagekidsandmoney.com/grow-your-side-hustle-into-a-full-time-family-business-with-tom-and-ariana-sylvester-2/feed/ 0 <p>More and more Americans are embracing the side hustle lately. The massive amount of debt in our country is forcing people to get a second or even a third gig to make ends meet. But what if you start to really dig your gig? Maybe you see this gig turning into a real “grown up” … <a href="https://www.marriagekidsandmoney.com/grow-your-side-hustle-into-a-full-time-family-business-with-tom-and-ariana-sylvester-2/" class="more-link">Continue reading<span class="screen-reader-text"> "Grow Your Side Hustle into a Full-Time Family Business – with Tom and Ariana Sylvester"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/grow-your-side-hustle-into-a-full-time-family-business-with-tom-and-ariana-sylvester-2/">Grow Your Side Hustle into a Full-Time Family Business – with Tom and Ariana Sylvester</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>

More and more Americans are embracing the side hustle lately. The massive amount of debt in our country is forcing people to get a second or even a third gig to make ends meet.

But what if you start to really dig your gig?

Maybe you see this gig turning into a real “grown up” business …

How can we leave our 9 to 5’s and pursue our new passion while still providing for our family?

I’ve invited two guests on the show today that will help us answer this very question. Tom and Ariana Sylvester are a married couple that not only raises children together, but they also build businesses together.

They run a coaching business called Lifestyle Builders where they help everyday people build their lifestyle through entrepreneurship. Also, they own a liquor store, invest in real estate and still have time to be present parents to their two small kids.

Entrepreneurship, Family Business, Side Hustle, Transition Careers

What are we covering?

Tom, Ariana and I review:

  • How they both made their transition from employees to business owners
  • The important steps to take before leaving your full-time employment
  • Why family lifestyle design is so important for parents to consider

These two are an example of building your business focused on family. If you’re considering the family entrepreneur life, spend the next 45 minutes with us and gain some perspective before making any life-changing decisions. 

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:


Marriage, Kids and Money, Andy HillListen on Google Play Musicstitcher

About Our Guests:  Tom and Ariana Sylvester

Entrepreneurship, Family Business, Side Hustle, Small Business Development
Tom and Ariana Sylvester

College sweethearts and now business partners, Tom and Ariana Sylvester  are owners of 3 very different businesses. While running their real estate business, wine & liquor store, and coaching & training business for entrepreneurs, they’ve also raised two energetic youngsters.  They believe in integrating life and business, and focus on helping entrepreneurs build their ideal lifestyles.

Their story and mission of entrepreneurial empowerment has been featured in USA Today, BiggerPockets and Huffington Post.  

Money Master of the Week

Thomas from San Francisco eliminated $80,000 of student loans in just 3 short years after working growing his income by working abroad!

Thomas from San Francisco

His story is an excellent example of how to be intentional with your life. Thomas said to himself, “What is an efficient, smart and calculated move I can make where I’ll be debt free in the shortest amount of time with my skill set?”  And then he did it! He moved to Saudi Arabia grew his income, crushed his debt and then moved back home. 

And now, he’s able to live, work and invest in one of the most expensive and incredible cities in the world because of that hard work and dedication to his debt freedom.

If you want to learn more about Thomas and his path toward building his passive income through real estate, check out City for Millennials.

Thomas from San Francisco is our Money Master of the Week!

If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

  • First name
  • Location
  • Your recent big win
  • How you did it
  • Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources

SHOW SPONSOR:  BLOOOM

Marriage, Kids and Money Podcast, Blooom

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂

SHOW SPONSOR:  TILLER

30-Day FREE Trial – Control your money and support this show.

Tom & Ariana Sylvester’S RESOURCES

Website: TomandAriana.com/MKM

Recommended BookRich Dad Poor Dad by Robert Kiyosaki

MKM PODCAST RESOURCES

Recommended Book:  Will it Fly? by Pat Flynn

MKM Meet Up in Royal Oak, MI: Come for a beer and some money talk on July 19th, from 5:30-7:30 pm at the Royal Oak Brewery in Royal Oak, MI.

Thriving Families Facebook Group:  Join our new FREE Facebook Community!

Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth

Young Family Wealth Playbook


Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the support everyone!

Questions?

I’d love to hear from you!

If you’d like your question featured on the show, reach out and let me know. It would be my honor to support you in your journey toward financial freedom.

Leave me a voicemail or connect with me on TwitterFacebook or shoot me an email.

Carpe Diem Quote

“Success is not final; failure is not fatal: It is the courage to continue that counts.”
– Winston S. Churchill

Have you made the transition from side hustle to full-time business?

Or are you thinking about it?

Please let us know in the comments below.


 

The post Grow Your Side Hustle into a Full-Time Family Business – with Tom and Ariana Sylvester appeared first on Marriage, Kids and Money.

]]>
More and more Americans are embracing the side hustle lately. The massive amount of debt in our country is forcing people to get a second or even a third gig to make ends meet. But what if you start to really dig your gig? More and more Americans are embracing the side hustle lately. The massive amount of debt in our country is forcing people to get a second or even a third gig to make ends meet.
But what if you start to really dig your gig?
Maybe you see this gig turning into a real “grown up” business …
How can we leave our 9 to 5’s and pursue our new passion while still providing for our family?
I’ve invited two guests on the show today that will help us answer this very question. Tom and Ariana Sylvester are a married couple that not only raises children together, but they also build businesses together.
They run a coaching business called Lifestyle Builders where they help everyday people build their lifestyle through entrepreneurship. Also, they own a liquor store, invest in real estate and still have time to be present parents to their two small kids.


What are we covering?
Tom, Ariana and I review:

* How they both made their transition from employees to business owners
* The important steps to take before leaving your full-time employment
* Why family lifestyle design is so important for parents to consider

These two are an example of building your business focused on family. If you’re considering the family entrepreneur life, spend the next 45 minutes with us and gain some perspective before making any life-changing decisions. 
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:



About Our Guests:  Tom and Ariana Sylvester
College sweethearts and now business partners, Tom and Ariana Sylvester  are owners of 3 very different businesses. While running their real estate business, wine & liquor store, and coaching & training business for entrepreneurs, they’ve also raised two energetic youngsters.  They believe in integrating life and business, and focus on helping entrepreneurs build their ideal lifestyles.
Their story and mission of entrepreneurial empowerment has been featured in USA Today, BiggerPockets and Huffington Post.  
Money Master of the Week
Thomas from San Francisco eliminated $80,000 of student loans in just 3 short years after working growing his income by working abroad!
His story is an excellent example of how to be intentional with your life. Thomas said to himself, “What is an efficient, smart and calculated move I can make where I’ll be debt free in the shortest amount of time with my skill set?”  And then he did it! He moved to Saudi Arabia grew his income, crushed his debt and then moved back home. 
And now, he’s able to live, work and invest in one of the most expensive and incredible cities in the world because of that hard work and dedication to his debt freedom.
If you want to learn more about Thomas and his path toward building his passive income through real estate, check out City for Millennials.
Thomas from San Francisco is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  BLOOOM

50:48 4123
Strategies for Becoming a Young Multi-Millionaire and a Super Dad – with Physician on FIRE https://www.marriagekidsandmoney.com/strategies-for-becoming-a-young-multi-millionaire-and-a-super-dad-with-physician-on-fire/ Mon, 09 Jul 2018 07:13:45 +0000 http://www.marriagekidsandmoney.com/?p=4077 <p>When you truly take control of your money and achieve financial independence, doors start to open up that you never thought were even possible. As a parent with young children, this new-found freedom and opportunity allows you to enjoy more time with your kids and make life long memories together. The Physician on FIRE is … <a href="https://www.marriagekidsandmoney.com/strategies-for-becoming-a-young-multi-millionaire-and-a-super-dad-with-physician-on-fire/" class="more-link">Continue reading<span class="screen-reader-text"> "Strategies for Becoming a Young Multi-Millionaire and a Super Dad – with Physician on FIRE"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/strategies-for-becoming-a-young-multi-millionaire-and-a-super-dad-with-physician-on-fire/">Strategies for Becoming a Young Multi-Millionaire and a Super Dad – with Physician on FIRE</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> When you truly take control of your money and achieve financial independence, doors start to open up that you never thought were even possible. As a parent with young children, this new-found freedom and opportunity allows you to enjoy more time with y... When you truly take control of your money and achieve financial independence, doors start to open up that you never thought were even possible. As a parent with young children, this new-found freedom and opportunity allows you to enjoy more time with your kids and make life long memories together.
The Physician on FIRE is my guest today and he is a perfect example of this type of family financial success.

He manages and writes for his popular Physician on FIRE blog which is dedicated to informing and inspiring both physicians and their patients about the benefits of financial independence.
After working a 9-year medical career, he reached financial independence at 39 years old. Recently he went from full-time anesthesiologist to part-time in order to spend more time with his wife and two young boys and travel the world.

What are we covering?
Physician on FIRE (PoF) and I chat about:

* The investment strategies he used to become a young multi-millionaire
* Why global travel is so important to his family
* How his charitable giving can live on in perpetuity

I realize most of the folks listening (including myself) are not multi-millionaires like PoF, but that shouldn’t be discouraging. It should be encouraging!
We get the opportunity learn from someone who’s done something incredible with his life and his family. 
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:



About Our Guest:  Physician on FIRE

The Physician on FIRE is husband, father to two boys in elementary school, and a part-time anesthesiologist. He reached financial independence as a full-time anesthesiologist a few years ago at age 39 and subsequently started the website to help his physician colleagues and others discover the freedom that is financial independence.
Money Master of the Week
Lexie from Rhode Island has crushed $11,000 of student and consumer debt in 8 months!
She reduced her spending, increased her income through various side hustles and earned her debt freedom. Lexie is now debt free at 23!
Through her blog, A Budgeting Blonde, she’s inspiring others to grow their income and eliminate their debt.
Lexie from Rhode Island is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  BLOOOM

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂
SHOW SPONSOR:  TILLER
30-Day FREE Trial – Control your money and support this show.
Physician on fire’S RESOURCES
Website: Physician on FIRE
Recommended Blog:  Mr. Money Mustache
Recommended Book:  51:55 4077 Help Your Family With Their Money Questions (Without Freaking them Out) https://www.marriagekidsandmoney.com/help-your-family-with-their-money-questions-without-freaking-them-out/ Mon, 02 Jul 2018 07:13:31 +0000 http://www.marriagekidsandmoney.com/?p=4057 <p>Our question of the month comes in from Paul from Michigan: Hi Andy, I’ve been into personal finance and financial independence for years. I often have family and friends that approach me about investing and other personal finance topics.  Money can be such an emotional topic and evoke feelings of shame or guilt. It can … <a href="https://www.marriagekidsandmoney.com/help-your-family-with-their-money-questions-without-freaking-them-out/" class="more-link">Continue reading<span class="screen-reader-text"> "Help Your Family With Their Money Questions (Without Freaking them Out)"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/help-your-family-with-their-money-questions-without-freaking-them-out/">Help Your Family With Their Money Questions (Without Freaking them Out)</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Our question of the month comes in from Paul from Michigan: Hi Andy, I’ve been into personal finance and financial independence for years. I often have family and friends that approach me about investing and other personal finance topics. Our question of the month comes in from Paul from Michigan:

Hi Andy,
I’ve been into personal finance and financial independence for years. I often have family and friends that approach me about investing and other personal finance topics. 
Money can be such an emotional topic and evoke feelings of shame or guilt. It can also be a very overwhelming topic.
How can I speak with people in my life about financial independence, investing and money without alienating or overwhelming them?
Thank you!
Paul


Thanks for reaching out Paul!
I included my good buddy, Elle Martinez, in on the action today so you can get two different perspectives on how to navigate this situation. Together, we came up with 3 easy ways to help your family with their money questions (without freaking them out).

1. Only Provide Financial Advice to Those Who Ask You For It
You wouldn’t want to approach an unhealthy family member and start giving them advice on exercising and eating right. This is doubly true for conversations about money.
Since personal finance topics like investing and financial independence are so personal, you’ll only want to give advice to a family member when asked.  And if you are asked, give advice in small doses so you don’t overwhelm the advice seeker. If you unleash a fire hose of information, they might get confused, intimidated or simply turned off from the conversation.
2. Instead of Telling Them What They Should Do, Share What You Do First
After a family member approaches you for advice, build trust with them by sharing how you currently approach the situation in question.
For example, if your sister asks you for advice on getting out of student debt, tell her what you did to kick Sallie Mae to the curb. Once you’re sharing your thoughts, experiences and failures, your sister will feel more open to your advice.
3. If You Don’t Know The Answer, That’s Okay – Suggest Professional Help
Don’t worry if you don’t know the answer to your family’s financial questions. If you’re not a tax professional and your Mom wants you to help her with filing her detailed paperwork to the IRS, it’s okay to say “I’m not the right person for that Mom.”
If you still want to help, you can help seek out the right professional for her situation. Sometimes all that’s needed is a loving person to Google a good CPA in her area.
Perhaps the issues are more in your wheelhouse, like helping someone figure out how to live on a monthly budget (
Tiller rocks by the way) or make a plan to pay off debt. The exercise could be extremely helpful for them and be personally gratifying for you.
I hope these 3 suggestions give you something to ponder the next time a family member touches base with you, Paul!

FinTech Spotlight
30-Day FREE Trial – Control your money and support this show.
Our Featured Guest:  Peter Polson
Peter loves designing great products and creating tools and systems that help people live better lives.
He was a founder and president of Junxion (acquired by Sierra Wireless) and later CEO at Dashwire (acquired by HTC). He enjoys most activities around mountains and water, especially skiing and hiking with his family. His kids gasp in amazement at the pennies he can magically pull out of their ears.
Reddit Threat – Mint to Tiller Review
Migrating from Mint to Tiller
...]]> Andy Hill 55:18 4057 How Financial Therapy Can Help Strengthen Your Marriage – with Kiné Corder https://www.marriagekidsandmoney.com/how-financial-therapy-can-help-strengthen-your-marriage-with-kine-corder/ Mon, 25 Jun 2018 07:13:33 +0000 http://www.marriagekidsandmoney.com/?p=4034 <p>When it comes to marriage and money, sometimes we need a third-party to help us enhance our relationship. This person can mediate a dispute or simply give us some guidance on communication techniques we haven’t tried before. To open us up to this new world, I’ve invited Kiné Corder on the show today. As a … <a href="https://www.marriagekidsandmoney.com/how-financial-therapy-can-help-strengthen-your-marriage-with-kine-corder/" class="more-link">Continue reading<span class="screen-reader-text"> "How Financial Therapy Can Help Strengthen Your Marriage – with Kiné Corder"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-financial-therapy-can-help-strengthen-your-marriage-with-kine-corder/">How Financial Therapy Can Help Strengthen Your Marriage – with Kiné Corder</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> When it comes to marriage and money, sometimes we need a third-party to help us enhance our relationship. This person can mediate a dispute or simply give us some guidance on communication techniques we haven’t tried before. When it comes to marriage and money, sometimes we need a third-party to help us enhance our relationship. This person can mediate a dispute or simply give us some guidance on communication techniques we haven’t tried before.
To open us up to this new world, I’ve invited Kiné Corder on the show today. As a practicing psychotherapist, Kiné supports couples with navigating the intricacies of marital finances. She’s found that a truly wealthy marriage is only possible when the relationship is as strong as the bank account.  


What are we covering?
Kiné and I review:

* What Financial Therapy can do for married couples
* How couples can financial prosper together
* What actions couples can take today to improve their marriage and their money

Kiné’s experience as a psychotherapist and a financial advisor give her the ideal background for this conversation. If you’re looking to enhance your marriage, join us today and learn how to have your best marriage today.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:



About Our Guest:  Kiné Corder
Kiné Corder is a best-seller author, international speaker, and a psychotherapist that specializes in financial therapy. While working with Morgan Stanley, she saw that couples needed help with more than just the numbers. They experienced trauma and anxiety associated with money that blocked their happiness.

She started Presidential Lifestyle; a wellness company focused on wealth in all of its forms. They help couples become a winning team in love, life, and money.


Money Master of the Week
Clark from Washington DC just topped a $100,000 net worth at age 26!

Clark is on his way to secure and wealthy future.
He has a goal of reaching financial independence in his 30’s … with the focus and the determination he’s already demonstrated in his college years and post-college years, he’ll be FI in no time.
If you want to learn more about Clark and his path to financial independence, check him out at Young Fire Knight
Clark from Washington DC is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  BLOOOM

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂
SHOW SPONSOR:  TILLER
30-Day FREE Trial – Control your money and support this show.
KINÉ CORDER’S RESOURCES
Website:  KineCorder.com
Quiz:  Money Mentality Quiz
Book:  The Art of Starting Over by Kiné Corder



]]>
Andy Hill 50:29 4034
Finding Love When Pursuing Financial Independence – with Gwen Merz and Erik Tozier https://www.marriagekidsandmoney.com/finding-love-when-pursuing-financial-independence-with-gwen-merz-and-erik-tozier/ Mon, 18 Jun 2018 07:13:45 +0000 http://www.marriagekidsandmoney.com/?p=4013 <p> The dating scene can be rough when you’re financially conscious. Your priorities of saving and investing might be the complete opposite of your potential date’s priorities of spending and living for today. As a wise man once said though, there are plenty of fish in the sea. If you keep at it, you’ll find … <a href="https://www.marriagekidsandmoney.com/finding-love-when-pursuing-financial-independence-with-gwen-merz-and-erik-tozier/" class="more-link">Continue reading<span class="screen-reader-text"> "Finding Love When Pursuing Financial Independence – with Gwen Merz and Erik Tozier"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/finding-love-when-pursuing-financial-independence-with-gwen-merz-and-erik-tozier/">Finding Love When Pursuing Financial Independence – with Gwen Merz and Erik Tozier</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p>  The dating scene can be rough when you’re financially conscious. Your priorities of saving and investing might be the complete opposite of your potential date’s priorities of spending and living for today. As a wise man once said though, The dating scene can be rough when you’re financially conscious. Your priorities of saving and investing might be the complete opposite of your potential date’s priorities of spending and living for today.
As a wise man once said though, there are plenty of fish in the sea. If you keep at it, you’ll find your match.
I’ve invited two guests on the show today that know all about love and money. Gwen Merz and Erik Tozier found each other one year ago based on their love of financial independence and personal finance. These two personal finance gurus have combined their money superpowers and become a stellar couple.


What are we covering?
Erik, Gwen and I chat about:

* How this frugal young couple came together
* The previous relationships and why they didn’t work out
* Their opinion on prenuptial agreements and engagements ring prices

As personal finance bloggers and podcasters, Gwen and Erik share a love for truly helping people reach a better financial standing. Join us today to see how financial independence has inspired them individually and now as a couple.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:



About Our Guest:  Gwen Merz
Gwen recently left Corporate America after growing her net worth to over $200,000 by the time she turned 27. Gwen has a rental property, and now is working on growing her podcast, The FIRE Drill Podcast, and blog, Fiery Millennials to continue to reach and influence many individuals and couples on the way to financial independence. In addition to these pursuits, she is working on an Etsy shop combining selling stained glass designs and physical stained glass creations to grow her income for the future.
About Our Guest:  Erik Tozier
Erik is a full-time programmer and hustler, who is focused on self-improvement and building wealth through his day job, investments, and side hustles over time. A statistician and web developer by day, blogger and subscription kit business owner by night and weekend, Erik, who just turned 26, is passionate to continue building on his early success. House hacking and a 50% savings rate have helped him grow his net worth to roughly $175,000. With this solid financial base, the sky is the limit.


Money Master of the Week
David from Minneapolis paid off $52,000 of student debt in 13 months!
He and his wife Ally partnered together and CRUSHED this student debt. In a time where the student debt in our country is crippling the financial growth of 44 million Americans, David and Ally said: “We’ll just clean ours up RIGHT NOW”.
Ally worked after school at night, they decreased the food budget and the eating out budget  … and they tracked everything.
And now, David and Ally want to help other couples win like they have. Check them out at Wealthy Weds and who knows, you might just have a debt-free and wealthy relationship like they do.
David from the Minneapolis is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  BLOOOM

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Andy Hill 45:54 4013
How $1.5 Trillion of Student Debt is Affecting the US – with Adam Carroll https://www.marriagekidsandmoney.com/how-1-5-trillion-of-student-debt-is-affecting-the-us-with-adam-carroll/ Mon, 11 Jun 2018 07:13:29 +0000 http://www.marriagekidsandmoney.com/?p=3986 <p>$1.5 Trillion … That is how much Americans owe in student loans. This truly disgusting situation is holding back Americans from being the best they can be. How can we solve this national crisis that is affecting 44 million people? My guest today is dedicating himself to answering this question. Adam Carroll is an author, keynote … <a href="https://www.marriagekidsandmoney.com/how-1-5-trillion-of-student-debt-is-affecting-the-us-with-adam-carroll/" class="more-link">Continue reading<span class="screen-reader-text"> "How $1.5 Trillion of Student Debt is Affecting the US – with Adam Carroll"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-1-5-trillion-of-student-debt-is-affecting-the-us-with-adam-carroll/">How $1.5 Trillion of Student Debt is Affecting the US – with Adam Carroll</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> $1.5 Trillion … That is how much Americans owe in student loans. This truly disgusting situation is holding back Americans from being the best they can be. How can we solve this national crisis that is affecting 44 million people? $1.5 Trillion … That is how much Americans owe in student loans.
This truly disgusting situation is holding back Americans from being the best they can be.
How can we solve this national crisis that is affecting 44 million people?
My guest today is dedicating himself to answering this question. Adam Carroll is an author, keynote speaker and documentary filmmaker who is focusing his financial literacy junkie status directly at this student debt crisis.


What are we covering?
Adam and I review:

* How the US got into this student debt crisis
* What the typical student is doing to address this problem
* How we can prepare our children and help them to live student debt free

Adam has spoken to over 500,000 people carrying a positive message of financial education and empowerment. Not only will today’s interview help you become more educated on the current student debt situation, but it will give you action steps to help your kids thrive in a debt-hungry society. 
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:



About Our Guest:  Adam Carroll
Adam Carroll is an internationally recognized financial literacy

expert, author and speaker. He is a two-time TED talk speaker, with one of his talks surpassing 2 million views. Adam is the founder and curator of

Mastery of Money, and creator of the documentary film, Broke, Busted & Disgusted. His passion is helping people build a bigger life, not a bigger lifestyle.
Money Master of the Week
Jack from New York just paid off 2 out of 3 credit cards and he’s celebrating!
After cashing out his post-tax investment accounts, Jack decided to cremate the high-interest debt that was weighing down his wallet. Goodbye credit cards!
He has his sights set on paying off his third credit card soon as well.
Read more about Jack’s credit card destruction and his path to financial independence at Jack the Dreamer.
Jack from the New York is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or an email) and include the following:

* First name
* Location
* Your recent big win
* How you did it
* Your plans for the future

Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  BLOOOM

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂
SHOW SPONSOR:  HEALTH IQ

GET YOUR FREE QUOTE TODAY and SAVE UP TO 33% ON YOUR LIFE INSURANCE (Mention “MKM” When You Talk to the Health IQ Agent) 
Adam Carroll’s RESOURCES
Website:  MasteryOfMoney.com or AdamSpeaks.com
Documentary:  Broke, Busted and Disgusted
TedX Talks:  The Changing Economic Realities of College and When Money Isn’t Real
MKM PODCAST RESOURCES
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Andy Hill 45:15 3986
How Do I Become a Millionaire in My 30’s? https://www.marriagekidsandmoney.com/how-do-i-become-a-millionaire-in-my-30s/ Mon, 04 Jun 2018 07:13:03 +0000 http://www.marriagekidsandmoney.com/?p=3959 <p>Our question of the month comes in from Whitney from California: Andy, I’ve been enjoying your show for the past few months. Your message of financial empowerment is really motivating me lately to clean up my family’s debt and grow our wealth. I have a question that I think could be fun for you and … <a href="https://www.marriagekidsandmoney.com/how-do-i-become-a-millionaire-in-my-30s/" class="more-link">Continue reading<span class="screen-reader-text"> "How Do I Become a Millionaire in My 30’s?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-do-i-become-a-millionaire-in-my-30s/">How Do I Become a Millionaire in My 30’s?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Our question of the month comes in from Whitney from California: Andy, I’ve been enjoying your show for the past few months. Your message of financial empowerment is really motivating me lately to clean up my family’s debt and grow our wealth. Our question of the month comes in from Whitney from California:

Andy,
I’ve been enjoying your show for the past few months. Your message of financial empowerment is really motivating me lately to clean up my family’s debt and grow our wealth.
I have a question that I think could be fun for you and informative for me.
With all of the millionaires you’ve had on your show, what are the top three things you’ve learned so far? I’m in my early 30’s and I’d love to become a millionaire before I’m 40.
Keep up the excellent work on the podcast, Andy!
Whitney


Thanks for writing in Whitney. I love this question …
When I started the podcast, I never thought I’d be able to learn as much as I have. This is now the 85th episode of the Marriage, Kids and Money Podcast and loosely I’ve interviewed and been inspired by around 80-100 money geniuses so far. That’s between the Money Masters of the Week, our weekly guests and some stellar interviews that are yet to be released.  
As far as millionaires though:

* I’ve only had a chance to interview less than 10.
* It’s closer to 5 total for millionaires who’ve openly shared their net worth.
* And millionaires in their 30’s, the number decreases to 3. Perfect for your question!

Let’s go through the 3 major lessons that I learned from the inspiring 30-something millionaires I’ve interviewed.

What I Learned from 3 Interviews with Millionaires in their 30’s
1.  Keep Investing Simple (Scott Alan Turner) 
Listen to the Interview: Investing Made Simple – with Scott Alan Turner
This self-made millionaire helped me to understand that investing does not have to be complicated. No day trading, no individual stock picking, no fancy annuities … if it’s not simple and you don’t understand it, stay away from it.
Scott recommended investing in low-cost index funds through companies like Vanguard. This recommended passive investing option is not only less complicated than active investing, there is now proof that it performs better. In 2007, Warren Buffett made a $1 Million bet with some big hedge funds that passive index fund investing would beat out their active investing over a 10 year period.
Guess who won?
Warren Buffett and the charity “Girls Inc.” that he gave the money to.
Index Funds also help you to keep your fees extremely low. They are well-known for having fees that are 80 or 90% lower than the typical mutual fund.
And since index mutual funds mirror major market indices like the S&P 500, your portfolio will be diversified.
So … do as Millionaire Scott Alan Turner does and Keep Investing Simple!
2.  Create Multiple Income Streams (Grant Sabatier)
Listen to the Interview: How to Become a Millionaire by 30 – with Grant Sabatier

How to Become a Millionaire by 30 – with Grant Sabatier https://t.co/MMhCEfwT67
— Andy Hill (@AndyHillMKM) May 22, 2018

Grant’s story is incredible. In short, he became a millionaire before his 30th birthday … no inheritance, no free ride and starting with a balance in his bank account of just $2.26.
I learned a lot from our interview last summer, but the main lesson that stuck out to me was how he gre...]]>
Andy Hill 28:28 3959
Forget Divorce and Become a Legendary Couple with Kids – with Brandy and Lance Salazar https://www.marriagekidsandmoney.com/forget-divorce-and-become-a-legendary-couple-with-kids-with-brandy-and-lance-salazar/ Mon, 28 May 2018 07:13:02 +0000 http://www.marriagekidsandmoney.com/?p=3836 <p>When we’re young, in love and newly married, we feel like nothing can stop us. We’ve found our soul mate and the romantic love is on fire. Then the kids come into the picture and there’s little less time for “us”. How do we continue to make our marriage a priority with the responsibilities of … <a href="https://www.marriagekidsandmoney.com/forget-divorce-and-become-a-legendary-couple-with-kids-with-brandy-and-lance-salazar/" class="more-link">Continue reading<span class="screen-reader-text"> "Forget Divorce and Become a Legendary Couple with Kids – with Brandy and Lance Salazar"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/forget-divorce-and-become-a-legendary-couple-with-kids-with-brandy-and-lance-salazar/">Forget Divorce and Become a Legendary Couple with Kids – with Brandy and Lance Salazar</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> When we’re young, in love and newly married, we feel like nothing can stop us. We’ve found our soul mate and the romantic love is on fire. Then the kids come into the picture and there’s little less time for “us”. When we’re young, in love and newly married, we feel like nothing can stop us. We’ve found our soul mate and the romantic love is on fire.
Then the kids come into the picture and there’s little less time for “us”.

* How do we continue to make our marriage a priority with the responsibilities of parenthood?
* How do we align our actions and our finances to support a healthy marriage?

Today, I’ve invited two guests on the show who are going to help me answer these questions.

Brandy and Lance Salazar are the dynamic duo behind Legendary Couples with Kids. This is a community and a safe haven for parents who want to improve their marriage.
After going through some rocky times together in their marriage and then choosing to do the hard work to repair their relationship, they are now dedicating themselves to helping other married couples thrive.
What are we covering?
Brandy, Lance and I discuss:

* How they came to consider divorce
* Why they decided to not give up on their marriage
* Advice for other couples on how they can make their marriage a priority

As parents of two young daughters and busy entrepreneurs, Brandy and Lance know all too well the martial struggles we all face as busy parents.
Join us as we explore what it takes to become a legendary couple with kids.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:




About Our Guests:  Brandy and Lance Salazar

Four years ago, Lance and Brandy were nearly divorced. While their marriage had times of both good and bad, it was never amazing. Having kids made it even worse. Suddenly their marriage was deprioritized and they were disconnected, frustrated, and unhappy. With 2 young daughters, they knew they weren’t modeling the marriage they wanted for their girls when they grew up.
At the point of calling it quits, they made one last effort to save their relationship.
They decided to take principals they used to find success in areas like business and health and apply it to their relationship.
Brandy and Lance created a clear vision for their ideal relationship together. When they got aligned with this vision, they created happiness like they had never experienced.
They sold their ‘dream home’, quit their jobs, bought an old farmhouse, and began homeschooling their children; taking their family on a journey of purpose, intention, simplicity, and living out their mission and values.
And after 13 years of marriage, they are experiencing a level of connection that far exceeds the honeymoon phase that brought them together, a connection they didn’t know was possible.
Friends took notice and asked them to share how they did it, what they learned.
They created Legendary Couples with Kids to share their lessons through courses, private groups, and other resources. By guiding couples how to align values, create a vision, a plan, commitments, and habits for their relationship; its mission is to help couples to reconnect, stay connected, and to model for their children how they can create these relationships for themselves.
Money Master of the Week
Jenny from the East Coast has paid off $60,000 in just over 16 months!

By cutting out travel, eating out and shopping, Jenny was able to clobber her credit card, HELOC, car, and student debt! She’s now turning her attention to her health and plans to apply the same successful principles that gave her freedom from her debt.
If you want to learn more about Jenny and follow her financial and physical wellness journey, go to Good Life Better.]]>
Andy Hill 1:00:45 3836
How One Parent Helped Her Son Earn $700,000 in College Scholarships – with Pam Andrews https://www.marriagekidsandmoney.com/how-pam-andrews-helped-her-son-earn-700000-in-college-scholarships/ Mon, 21 May 2018 07:13:13 +0000 http://www.marriagekidsandmoney.com/?p=3800 <p>According to Student Loan Hero, the average student debt for 2017 graduates is close to $40,000. And our nation’s total student debt is now hovering around $1.5 TRILLION! I want to do everything in my power to protect my kids from this colossal disaster.  To help calm my nerves, I’ve invited Pam Andrews on the show today. … <a href="https://www.marriagekidsandmoney.com/how-pam-andrews-helped-her-son-earn-700000-in-college-scholarships/" class="more-link">Continue reading<span class="screen-reader-text"> "How One Parent Helped Her Son Earn $700,000 in College Scholarships – with Pam Andrews"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-pam-andrews-helped-her-son-earn-700000-in-college-scholarships/">How One Parent Helped Her Son Earn $700,000 in College Scholarships – with Pam Andrews</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> According to Student Loan Hero, the average student debt for 2017 graduates is close to $40,000. And our nation’s total student debt is now hovering around $1.5 TRILLION! I want to do everything in my power to protect my kids from this colossal disaste... According to Student Loan Hero, the average student debt for 2017 graduates is close to $40,000. And our nation’s total student debt is now hovering around $1.5 TRILLION!
I want to do everything in my power to protect my kids from this colossal disaster. 
To help calm my nerves, I’ve invited Pam Andrews on the show today. We’re gonna chat about how she helped her son earn $700,000 in college scholarships. Pam’s son can now attend college and graduate completely debt free … and then some. 
What are we covering today?
Pam and I chat about:

* How she helped her son earn $700,000 in scholarships
* Why experiences and community work is so important to the process
* What other parents can do to help their kids earn big money too

Pam’s professional experience as a Scholarship Strategist and her personal experience as a Mom will help us all to prepare our children for the monetary challenge that lays ahead. Student debt freedom CAN be a reality for our children.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:




About Our Guest:  Pam Andrews

Pam Andrews is a College Admissions Coach and Scholarship Strategist.  Pam helps high school students get into their dream college and secure scholarships that will pay for it.  She is also the author of Scholarship Search Secrets, the host of The Scholarship Shark Podcast and the creator of the board game, In Pursuit of College.
Pam has been married for over twenty-three years and has four children ranging from elementary school to college.  She is known for helping her son win over $700,000 in scholarship money that pays for his undergraduate and graduate school. More importantly, she has helped her clients win over $1,000,000 in scholarships.

Money Master of the Week
Drew from Ohio has started a spend, save and give jar system for his young son!
Drew is helping his son to learn how to earn money and then how to properly use it to have fun, to give and to plan for the future. 
Evidently, his son made a good profit because he was serving warm cider on a cold day. Awesome idea! It’s like selling an umbrella on a rainy day.
Drew let me know that there wasn’t a definitive plan for the profits just yet, but his son would more than likely be saving up his “give money” to adopt a Turkey during Thanksgiving. As a vegan family, this is an important cause they can all get behind.
Drew from Ohio is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  BLOOOM

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂
SHOW SPONSOR:  HEALTH IQ

GET YOUR FREE QUOTE TODAY and SAVE UP TO 33% ON YOUR LIFE INSURANCE
Pam Andrews’ RESOURCES
Website: The Scholarship Shark
Featured Board Game:  45:52 3800
How to Increase Your Salary and Become a Millionaire in your 30’s https://www.marriagekidsandmoney.com/how-to-increase-your-salary-and-become-a-millionaire-in-your-30s/ Mon, 14 May 2018 07:13:44 +0000 http://www.marriagekidsandmoney.com/?p=3760 <p>One the best ways to build wealth is through a career with progressive levels of advancement. With consistent salary increases and a high savings rate, you’ll set yourself up for a high future net worth and definite millionaire status. To demonstrate this type of success, I’ve invited Liz, the Chief Mom Officer, on the show … <a href="https://www.marriagekidsandmoney.com/how-to-increase-your-salary-and-become-a-millionaire-in-your-30s/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Increase Your Salary and Become a Millionaire in your 30’s"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-increase-your-salary-and-become-a-millionaire-in-your-30s/">How to Increase Your Salary and Become a Millionaire in your 30’s</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> One the best ways to build wealth is through a career with progressive levels of advancement. With consistent salary increases and a high savings rate, you’ll set yourself up for a high future net worth and definite millionaire status. To demonstrate this type of success, I’ve invited Liz, the Chief Mom Officer, on the show today. Through her 15-year career, she’s been able to increase her salary from $22,000 to the six-figure level by exceeding expectations and going above and beyond for her employer.
Liz works full-time in the Tech Industry for a Fortune 100 company. By having a savers mindset and growing her income steadily, she has helped her family reach millionaire status in her 30’s.

What are we covering today?
Liz and I discuss:

* How women can battle pay inequality in the workplace
* Steps we can take to increase our salaries
* How she’s helping her three sons learn the importance of personal finance

Liz’s example of incredible wealth-building while still being a loving mother is a perfect example for us. You will not want to miss this millionaire success story with family at the core.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:




About Our Guest:  Liz, the Chief Mom Officer

Liz is the mother of three boys and a successful woman in tech. She’s the family breadwinner, working full-time while her husband as a stay at home Dad.
Although she’s been passionate about personal finance and investing since she was a teenager, it was the near-death of her husband six years ago that caused her to kick her families financial life into high gear. She writes to help other women with money, work, and frugal family life all in the pursuit of financial freedom over at Chief Mom Officer.

Money Master of the Week
Katie from Virginia is on the path to paying off $200,000 of debt in just two short years!
After selling her home and downsizing, she was able to pay off her sizeable car loan and now she’s attacking her last student loan (at $26,000). With her new blogging business, she’s planning on eliminating that last $26k within the next year. Based on her success so far, this debt stands no chance.
Katie from Virginia is our Money Master of the Week!
You can follow learn more about Katie’s debt destruction story at Chain of Wealth.

If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources
SHOW SPONSOR:  Blooom

GET ONE FREE MONTH OF BLOOOM – Make sure to enter promo code “MKM” for your free month and to support this show 🙂
SHOW SPONSOR:  HEALTH IQ

GET YOUR FREE QUOTE TODAY and SAVE UP TO 33% ON YOUR LIFE INSURANCE
liz’S RESOURCES
Website: Chief Mom Officer
Recommended Book:   46:19 3760 How Do We Split Expenses as a Married Couple? https://www.marriagekidsandmoney.com/how-do-we-split-expenses-as-a-married-couple/ Mon, 07 May 2018 07:13:11 +0000 http://www.marriagekidsandmoney.com/?p=3717 <p>It’s the first Monday of the month my friends! That means we’re taking another question from the Marriage, Kids and Money Community.  Today’s question comes in from Kat … Kat: Hi Andy! My name is Kat.  I recently got married, actually 12 days ago. It is both our first marriage and also our first time … <a href="https://www.marriagekidsandmoney.com/how-do-we-split-expenses-as-a-married-couple/" class="more-link">Continue reading<span class="screen-reader-text"> "How Do We Split Expenses as a Married Couple?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-do-we-split-expenses-as-a-married-couple/">How Do We Split Expenses as a Married Couple?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> It’s the first Monday of the month my friends! That means we’re taking another question from the Marriage, Kids and Money Community.  Today’s question comes in from Kat … Kat: Hi Andy! My name is Kat.  I recently got married, actually 12 days ago. Today’s question comes in from Kat …

Kat:
Hi Andy!
My name is Kat.  I recently got married, actually 12 days ago. It is both our first marriage and also our first time living and sharing the living expenses with a spouse.  We decided to not merge everything together, but to have our separate accounts that we had before we got married and also open up a joint checking. On top of getting married, we also got a condo together.
We went through the Financial Peace University through our church 3 years ago.  We both don’t have any credit card debt or any other loans besides the mortgage. My question is or rather, me seeking advice is, what’s a good percentage for us to contribute to our joint checking account? We don’t make the same amount, therefore, I felt like putting a percentage rather than an amount would be ideal. I’m just having trouble figuring out what other couples do who are in our same situation.
Thank you and I look forward to listening to your show.



ANDY:
Congratulations on your new marriage! Enjoy every minute of this first year together. It’s a really special time.
I don’t have a ton of experience with not merging finances together. Nicole and I combined our finances after we got married and for the most part it has worked out pretty well. We still have disagreements about money every once in a while, but all in all, it’s been a good arrangement for both of us.
Actually, I decided to consult my lovely bride on the answer to this question. We came up with two options for you to consider:
Option 1:  Create Three Accounts (Yours, His and a Joint Account)

Add your Take Home Pay (THP) and his THP to find out your Combined THP (ex. $60,000 + $40,000 = $100,000)
Divide your THP by the Combined THP to find out your contribution percentage into joint checking (ex. $60,000 / $100,000 = 60%)
Divide his THP by the Combined THP to find out his contribution percentage into joint checking (ex. $40,000 / $100,000 = 40%)
Decide together what will be your joint family expenses. Are these the big things like mortgage, taxes, insurance, groceries, gas, utilities, etc? Do you lump the cars into this number if you both have your own car? What happens if/when kids come in the picture? What falls in the joint expenses category is something you’ll have to decide early on to avoid confusion. (ex. $5,000 per month)
Decide what is NOT included in this number. Are cell phones personal? Are they joint? How about haircuts, etc? How about retirement savings? (ex. $1,500 per month each)
Once you’ve determined what is and is not a joint expense, then multiply your contribution percentage by the estimated joint expense total. (ex. 60% x $5,000 = $3,000 for you and 40% x $5,000 = $2,000 for him)
You could break that up the amount for each month so you’re falling in line with the percentage split.

For me, describing it this way might seem “fair” but it also feels like a lot of work. That’s just me though.
Here’s another option to consider!

Related Podcast: 
How Do I Get My Spouse on Board with Budgeting?
Option 2: One Account with Budget Categories

* Combine all of your earnings into one joint checking account
* Create categories in a budgeting system like Mint (or fav), Tiller, Personal Capital, HoneyFI or YNAB that allow you to have the same freedom ...]]> Andy Hill 36:02 3717 How to Become the Multi-Millionaire Next Door – with John from ESI Money https://www.marriagekidsandmoney.com/how-to-become-the-multi-millionaire-next-door-with-john-from-esi-money/ Mon, 30 Apr 2018 07:13:26 +0000 http://www.marriagekidsandmoney.com/?p=3649 <p>John from ESI Money joins me to talk us about how we can earn, save and invest our way to financial independence and millionaire status. John is a former marketing executive, a real estate investor and now the owner of Rockstar Finance. He has built up his net worth to the multi-million dollar level through … <a href="https://www.marriagekidsandmoney.com/how-to-become-the-multi-millionaire-next-door-with-john-from-esi-money/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Become the Multi-Millionaire Next Door – with John from ESI Money"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-become-the-multi-millionaire-next-door-with-john-from-esi-money/">How to Become the Multi-Millionaire Next Door – with John from ESI Money</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> John from ESI Money joins me to talk us about how we can earn, save and invest our way to financial independence and millionaire status. John is a former marketing executive, a real estate investor and now the owner of Rockstar Finance. John is a former marketing executive, a real estate investor and now the owner of Rockstar Finance. He has built up his net worth to the multi-million dollar level through the principles we discuss on the show today.
He’s a family man too! John is a father of two and he’s been married to his wife for over 20 years.

What are we covering today?
John and I chat about:

* How our careers can be one of our best tools for building wealth
* Why real estate is an excellent route for pursuing financial independence
* How John is working with his children to grow their wealth as well

John’s experience in the corporate world and as an entrepreneur offers us a unique perspective on how we steadily build our income and net worth over time.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:




About Our Guest:  John from ESI Money
John is an early 50’s retiree who achieved financial independence. On his blog ESI Money, he shares what’s worked for him, and details how others can implement those successes in their lives.
He is also the author of a free e-book titled “Three Steps to Financial Independence” and spends a lot of his time interviewing millionaires.
He’s also the owner of Rockstar Finance, the leading curation site for the best personal finance articles.

Money Master of the Week
Jenny from Florida recently paid off $120,000 of debt!
After getting into major debt from fertility treatments, Jenny and her husband set a goal for paying off their loans in 24 months. Fueled by the upcoming birth of their first child, they paid off all $120k in less than 12 months!
Jenny from Florida is our Money Master of the Week!
You can follow learn more about Jenny’s debt destruction story at Living Life Loving Us.

If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources
SHOW SPONSOR:  TOMORROW

GET YOUR FREE WILL TODAY
SHOW SPONSOR:  HEALTH IQ

GET YOUR FREE QUOTE TODAY and SAVE UP TO 33% ON YOUR LIFE INSURANCE
John’s RESOURCES
Website(s): ESI Money and Rockstar Finance
Recommended Book:  The Millionaire Next Door by Thomas J. Stanley



MKM RESOURCES
Thriving Families Facebook Group:  Join our new FREE Facebook Community!
Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth
49:56 3649
Do I Really Need a Financial Advisor? – with Joe Saul-Sehy https://www.marriagekidsandmoney.com/do-i-really-need-a-financial-advisor-with-joe-saul-sehy/ Mon, 23 Apr 2018 07:13:56 +0000 http://www.marriagekidsandmoney.com/?p=3627 <p>Taking advantage of the stock market is an incredible way to build wealth for your family. By investing in the market, you are forcing your money to work for you. Your money starts to make you more money! But … Where do we start? Can we do this ourselves? Should we turn to a financial … <a href="https://www.marriagekidsandmoney.com/do-i-really-need-a-financial-advisor-with-joe-saul-sehy/" class="more-link">Continue reading<span class="screen-reader-text"> "Do I Really Need a Financial Advisor? – with Joe Saul-Sehy"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/do-i-really-need-a-financial-advisor-with-joe-saul-sehy/">Do I Really Need a Financial Advisor? – with Joe Saul-Sehy</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Taking advantage of the stock market is an incredible way to build wealth for your family. By investing in the market, you are forcing your money to work for you. Your money starts to make you more money! But … Where do we start? But … Where do we start?
Can we do this ourselves?
Should we turn to a financial advisor?
How do I know a good advisor from one that’s just trying to sell me financial products that only benefit them?
Our guest today, Joe Saul-Sehy is going to help us with this exact conundrum.

Joe is a former financial advisor from Ameriprise. He spent 16 years in the industry so it’s fair to say that he has some expert knowledge when it comes to the financial advising world.
What are we covering today?
Joe and I review:

* Why there is currently so much mistrust in the financial advising industry
* The main benefits and pitfalls of working with an advisor
* Why it’s so important to ask the right questions before you start a relationship with an advisor

If we’re going to be entrusting someone with our life savings, we better make sure we’ve done our homework. Join me today to learn more about this important relationship and how it should work for you.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:





 
About Our Guest:  Joe Saul-Sehy

Joe is a former financial advisor (16 years) and represented American Express and Ameriprise in the media. He was the “Money Man” at Detroit television WXYZ-TV, appearing twice weekly. He’s appeared in Bride, Best Life, and Child magazines, the Los Angeles Times, Chicago Sun-Times, Detroit News and Baltimore Sun newspapers. Joe has also appeared online in more than 200 different places, including CNBC.com and WSJ.com.

Money Master of the Week
Nick from St. Louis recently had a charitable giving moment with his 6-year old daughter, Zoey. They both decided to give their hard-earned money to the organization charity: water and help people without clean water.
I absolutely love that Nick is working with his daughter Zoey to build up his family’s practice of giving. He’s taking time to have special moments with his family where they can experience the true joy of giving together.
Here is the video that inspired Nick and Zoey to give:

The video that inspired Nora to give:

And finally, here is the interview from Afford Anything that inspired me to give!

Nick and Zoey from St. Louis are our Money Masters of the Week!


If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.


Show Resources
SHOW SPONSOR:  TOMORROW

GET YOUR FREE WILL TODAY
SHOW SPONSOR:  HEALTH IQ

GET YOUR FREE QUOTE TODAY and SAVE UP TO 33% ON YOUR LIFE INSURANCE
joe saul-sehy’s RESOURCES
Website: StackingBenjamins.com
Recommended Book:  58:05 3627 How to Achieve Financial Independence and Retire Early – with Deacon Hayes https://www.marriagekidsandmoney.com/how-to-achieve-financial-independence-and-retire-early-with-deacon-hayes/ Mon, 16 Apr 2018 07:13:04 +0000 http://www.marriagekidsandmoney.com/?p=3595 <p>Financial independence and early retirement are huge accomplishments. Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance. This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire. Author Deacon Hayes … <a href="https://www.marriagekidsandmoney.com/how-to-achieve-financial-independence-and-retire-early-with-deacon-hayes/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Achieve Financial Independence and Retire Early – with Deacon Hayes"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-achieve-financial-independence-and-retire-early-with-deacon-hayes/">How to Achieve Financial Independence and Retire Early – with Deacon Hayes</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Financial independence and early retirement are huge accomplishments. Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance. This monumental financial status allows you the freedo... This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire.
Author Deacon Hayes joins me today to talk about his new book, You Can Retire Early! We’re gonna review the ins and outs of how each and every one of us has the opportunity win at the game of early retirement.

What are we covering today?
Deacon and I discuss:

* How he reached financial independence in his 30’s
* Why everyone should consider financial independence
* How we can all gain traction on our early retirement plans

Not only has he written a book about achieving financial independence, he and his family achieved it as well. Get ready to be motivated to win!
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:






About Our Guest:  Deacon Hayes



Deacon Hayes is the Founder of Well Kept Wallet, a personal finance site dedicated to helping people make money, save money and pay off debt. He has been a contributor to the US News & World Report, Investopedia, Clark Howard and more.

He is also the author of the book, You Can Retire Early! Everything You Need to Achieve Financial Independence When You Want It.




Money Master of the Week

After 4 years of being a Stay-at-Home Mom, my wife Nicole is ready for a new challenge. She just started a new career as a professional organizer.




Nicole will be working 10-20 hours a week and will still be able to spend lots of time with our kids. This balance of family and work life is so inspiring to me!

I love you, baby!


If you live in Southeastern Michigan and interested in professional organizing services, check out All Sorted Out to learn more.
My wife Nicole is our Money Master of the Week!


If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  TOMORROW

GET YOUR FREE WILL TODAY
SHOW SPONSOR:  Health IQ

GET YOUR FREE QUOTE TODAY and SAVE UP TO 33% ON YOUR LIFE INSURANCE
Deacon Hayes’ RESOURCES
Website: WellKeptWallet.com
Deacon’s Book:  You Can Retire Early! by Deacon Hayes



Recommend Book:  Rich Dad, Poor Dad by Robert Kiyosaki



MKM Resources
]]> Andy Hill 38:15 3595 How to Raise Financially Savvy Kids – with Bill Dwight https://www.marriagekidsandmoney.com/how-to-raise-financially-savvy-kids-with-bill-dwight/ Mon, 09 Apr 2018 07:13:04 +0000 http://www.marriagekidsandmoney.com/?p=3564 <p>One of the reasons I started my podcast was to help my kids (Zoey and Calvin) learn how to become financially savvy. That way, when they get older they’ll not only be able to survive on their own, but they’ll be able to really thrive and take our family tree to the next level. Zoey … <a href="https://www.marriagekidsandmoney.com/how-to-raise-financially-savvy-kids-with-bill-dwight/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Raise Financially Savvy Kids – with Bill Dwight"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-raise-financially-savvy-kids-with-bill-dwight/">How to Raise Financially Savvy Kids – with Bill Dwight</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> One of the reasons I started my podcast was to help my kids (Zoey and Calvin) learn how to become financially savvy. That way, when they get older they’ll not only be able to survive on their own, but they’ll be able to really thrive and take our famil... Zoey is 6 and Calvin is 3. I’ve got a long way to go before they’re off on their own, but I’ve heard it’s never too early to start. According to a survey by NEFE, only 24% of Millennial respondents showed basic financial literacy.  
Since my kiddos are the children of Millennials (Generational Alpha), I’ve been working hard to improve my financial know-how so my kids are NOT lumped into that 24%.
As part my learning process, I asked Bill Dwight to join me on the show today. As a father of 5 and a former Oracle executive, Bill took his passion for software, his love for his children and his desire to promote financial literacy and started a company called FamZoo.
This company offers a prepaid card for kids so they can learn about how money really works. FamZoo’s goal is to bring financial literacy to 40 million American kids through thoughtful parent-moderated payment technology.

What are we covering today?
Bill and I chat about:

* Setting expectations on needs versus wants
* Encouraging savings habits early in our kid’s lives
* How our children can become happy givers

Since I’m a newbie Dad, I ask Bill a lot of questions about how he raised his kids to be smart with money.
If you’re a parent and you want to expose your kids to the benefits of early financial literacy, stick with me here today. 
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:




About Our Guest:  Bill Dwight

Bill Dwight is the CEO of FamZoo.com, an online family banking service that teaches kids good money habits. FamZoo won the Finovate 2013 Best In Show award and the FinCon 2015 FinTech Startup Competition for its unique integration of a family finance app with prepaid cards.

A 1984 graduate of Princeton, Bill has built software in diverse areas ranging from artificial intelligence to personal finance. Bill held executive positions at Oracle (database technology), Netgravity (Internet advertising), and Elance (online outsourcing), before founding FamZoo in 2006.





 Money Master of the Week

After three years of tracking his finances, Chris recently crossed over into positive net worth territory for the first time!


When he started tracking his net worth, he was at -$60,000. Now he’s hovering around $50,000. That’s more than a $100,000 swing in just three years!
Chris made this massive change in his life by:

Cuting back unnecessary expenses
Focusing on paying off his debt
Maxing out his retirement accounts

Given that Chris is a recent college graduate and he’s focusing on his net worth this early in his life, you know he’s going to be a huge success.  
If you want to follow Chris on his journey toward paying off all of his debt and skyrocketing his net worth even further, you can check him out at Duke of Dollars.
Chris from the Midwest is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location,]]>
Andy Hill 51:10 3564
Transition from Double Income to Single Income and Become a Stay-at-Home Mom https://www.marriagekidsandmoney.com/transitioning-from-double-income-to-single-income-to-become-a-stay-at-home-mom/ Mon, 02 Apr 2018 07:13:02 +0000 http://www.marriagekidsandmoney.com/?p=3502 <p>Our question of the month comes in from Tyler from Livonia, Michigan: Tyler: The thought of potentially living on a single income is scary, but it’s something that we’re considering more and more as a family. My wife is growing tired/weary of simply leaving our son at home and not being there / providing for … <a href="https://www.marriagekidsandmoney.com/transitioning-from-double-income-to-single-income-to-become-a-stay-at-home-mom/" class="more-link">Continue reading<span class="screen-reader-text"> "Transition from Double Income to Single Income and Become a Stay-at-Home Mom"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/transitioning-from-double-income-to-single-income-to-become-a-stay-at-home-mom/">Transition from Double Income to Single Income and Become a Stay-at-Home Mom</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Our question of the month comes in from Tyler from Livonia, Michigan: Tyler: The thought of potentially living on a single income is scary, but it’s something that we’re considering more and more as a family.
Tyler:
The thought of potentially living on a single income is scary, but it’s something that we’re considering more and more as a family. My wife is growing tired/weary of simply leaving our son at home and not being there / providing for him as she feels she should.
So, the question is this…
Any tips for transitioning to a single income to support a family?
I know it’s something the Hills navigated quite successfully, and I’d like to at least explore it to see if it’s doable for us. My initial thoughts are around a phased approach, but it may be better just to dive in.  

ANDY:
Thanks for calling in Tyler!
First of all, congratulations on your first couple of years of being a Dad. I’m sure I don’t have to tell you that it’s one of the most difficult and one of the most rewarding times of your life.
Based on this voicemail and our email back and forth, your heart is in the right place in my opinion. You and your wife want to do what you feel is best for Henry and you’re willing to make sacrifices to get there.
How the Hill Family Transitioned to a Single Income
You asked how Nicole and I made the transition to a single income so I wanted to answer that first.
Before Zoey was born, Nicole and I talked about how we could make the transition from both of us working to just one of us working. We both agreed that it would take some time and wouldn’t be an overnight thing.
We were in the midst of paying off around $50,000 of debt and we were starting to see the light at the end of the tunnel. The single income conversations were starting to seem more real. 

When Nicole and I first got together in 2010, we had a combined net worth of -$50,000. (Yes, that’s a negative symbol.) Lots of debt from Andy 🤦‍♂️
Here’s how we clawed our way into positive territory and beyond.https://t.co/rGwUisJtPR
— Andy Hill (@AndyHillMKM) February 16, 2018

Related Article:  How to Increase Your Net Worth by $700,000 in 7 Years
Part Time First
Once we were consumer debt free and consistently living on our monthly budget, Nicole was able to go part-time at her job. She worked at an incredible company that allowed her to do that.
(For budgeting, I love Mint by the way – if you’re more into spreadsheets, check out Tiller, they’re doing some great work as well.)
My Mom, Nicole’s Mom and a little bit of daycare helped us take care of our little girl for the first two years of her life. 
Budgeting and savings automation was very important to the process too.  We were solely living on my salary and saving up hers at this point. Everything was factored into the budget and her salary was automatically saved each month.
Then Full Time
After Calvin was born in 2014, we finally went from two salaries to one salary. By this time, we were used to living on one salary anyway because of our high savings rate.
So … that’s how we did it.

* Got rid of all our debt
* Lived on a monthly budget
* Practiced living on only my income
* Went part-time first
* Full-time stay-at-home Mom

Transitioning from Double Income to Single to Become a Stay-at-Home Mom
Now, let’s say that your wife doesn’t have the option to go part-time. Not all companies, schools,]]>
Andy Hill 39:27 3502
How to Craft the Perfect Money Date – with Elle Martinez https://www.marriagekidsandmoney.com/how-to-craft-the-perfect-money-date-with-elle-martinez/ Mon, 26 Mar 2018 07:13:45 +0000 http://www.marriagekidsandmoney.com/?p=3425 <p>On this podcast, we often talk about the importance of a true financial partnership with your spouse. When you’re on the same page about money, your marriage feels balanced. You have less stress, fewer money fights and it just feels better. But we do we get there?   Where do we start if we’re feeling off-balance? … <a href="https://www.marriagekidsandmoney.com/how-to-craft-the-perfect-money-date-with-elle-martinez/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Craft the Perfect Money Date – with Elle Martinez"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-craft-the-perfect-money-date-with-elle-martinez/">How to Craft the Perfect Money Date – with Elle Martinez</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> On this podcast, we often talk about the importance of a true financial partnership with your spouse. When you’re on the same page about money, your marriage feels balanced. You have less stress, fewer money fights and it just feels better. But we do we get there?  
Where do we start if we’re feeling off-balance?
Today, I’ve invited my good friend Elle Martinez to join us on the show again. This is our first repeat guest so you know she’s awesome.

What are we covering today?
Elle and I discuss:

* How to craft the perfect money date
* Why a monthly get together is so important to your marriage
* How to make it fun even if you’re a busy parent

Elle’s professional and personal experience with family finance is refreshing and helpful. Whenever I speak with her, I come away with some solid information on how to improve my marriage and my money. You will too.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON:



About Our Guest:  Elle Martinez

Elle is the creator and host of Couple Money, a community focused on helping spouses get on the same page with finances, dump their debt faster, and get on the path to financial freedom. She’s also the author of Jumpstart Your Marriage and Your Money.
She has been a contributor to numerous sites including TurboTax, Lending Tree, and Entrepreneur.

Money Master of the Week
Dave and Meghan from Michigan paid off $6,500 of student and credit card debt in a few months after focusing their spending and living on a budget.
With their focused partnership, they plan to be consumer debt free by the end of the year. Their long terms goals include saving up for retirement and crushing their mortgage early.
Meghan and Dave from Michigan are our Money Masters of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  STUDENT LOAN HERO

FEATURED ARTICLE: 6 Best Banks to Refinance and Consolidate Student Loans in 2018
TOOLS:  Student Loan Calculators
SHOW SPONSOR:  TOMORROW

GET YOUR FREE WILL TODAY
Elle martinez’S RESOURCES
Website: CoupleMoney.com
Elle’s Book:  Jumpstart Your Marriage & Your Money



MARRIAGE, KIDS AND MONEY RESOURCES
Recommended Book:  The Five Love Languages by Gary Chapman



Young Family Wealth Playbook (FREE):  7-Steps to Solidifying Your Family’s Future Wealth
39:57 3425
Building a Million Dollar Blog in Your 20’s – with Michelle Schroeder-Gardner https://www.marriagekidsandmoney.com/building-a-million-dollar-blog-in-your-20s-with-michelle-schroeder-gardner/ Mon, 19 Mar 2018 07:13:23 +0000 http://www.marriagekidsandmoney.com/?p=3391 <p>In 2011, Michelle Schroeder-Gardner started a blog called Making Sense of Cents as a fun hobby. After finding some early financial success with sponsored posts and affiliate marketing, she decided her little blog could actually become a viable business.  Fast forward to today, Michelle now makes over $1.5 million per year from her blog and … <a href="https://www.marriagekidsandmoney.com/building-a-million-dollar-blog-in-your-20s-with-michelle-schroeder-gardner/" class="more-link">Continue reading<span class="screen-reader-text"> "Building a Million Dollar Blog in Your 20’s – with Michelle Schroeder-Gardner"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/building-a-million-dollar-blog-in-your-20s-with-michelle-schroeder-gardner/">Building a Million Dollar Blog in Your 20’s – with Michelle Schroeder-Gardner</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> In 2011, Michelle Schroeder-Gardner started a blog called Making Sense of Cents as a fun hobby. After finding some early financial success with sponsored posts and affiliate marketing, she decided her little blog could actually become a viable business... Fast forward to today, Michelle now makes over $1.5 million per year from her blog and continues to see massive success with her overall online-based business. Not only has she gone from $0 to $1.5 million incredibly fast, but she’s done it all in her 20’s.

What are we covering today?
Michelle and I discuss:

* How she got her start blogging
* The ways she’s specifically making money
* Advice for others who are looking to have a fraction of her success

Even if you’re not into blogging, Michelle’s straightforward advice on building a business and creating time freedom is extremely motivating. You’re not going to want to miss this one.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON 
APPLE PODCASTSGOOGLE PLAY  OR STITCHER.
 

About Our Guest:  Michelle Schroeder-Gardner


Michelle Schroeder-Gardner is the founder and creator of Making Sense of Cents. On her blog, she helps readers earn more, save more, and live more, and also documents her monthly income of over $100,000.


Her writing and advice have been featured on sites such as Huffington Post, Forbes, Yahoo, Cosmopolitan Magazine, Zillow, US News, NASDAQ, MSN, and more.
When she’s not blogging, you’ll find her exploring in her RV with her husband and her two dogs. They sold their house in 2015 and have been traveling full-time since.

Money Master of the Week
Congratulations to Emily from Washington for paying off $15,000 of credit and student debt in 12 months while making $40,000 per year!
Based on her new budgeting expertise, she is destined to become consumer debt free within the next year. Her passion for personal improvement is inspiring!
Emily from Washington is our Money Master of the Week!
You can learn more about Emily’s budget mastery on Twitter @DigInDigOut.
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  STUDENT LOAN HERO

FEATURED ARTICLE: 6 Best Banks to Refinance and Consolidate Student Loans in 2018
TOOLS:  Student Loan Calculators
SHOW SPONSOR:  TOMORROW.ME

GET YOUR FREE WILL TODAY
Michelle Schroeder-gardner’S RESOURCES
Website: MakingSenseofCents.com
Michelle’s Affiliate Marketing Course:  Making Sense of Affiliate Marketing
Recommended Course:  Facebook Strategy eBook
]]> Andy Hill 37:09 3391 How to Consistently Save $85,000 Per Year – with Jamila Souffrant https://www.marriagekidsandmoney.com/how-to-consistently-save-and-invest-85000-each-year-with-jamila-souffrant/ Mon, 12 Mar 2018 07:13:23 +0000 http://www.marriagekidsandmoney.com/?p=3363 <p>When a goal-oriented person discovers the excitement and allure of financial independence, there is little that can stop them from reaching this huge milestone. The intensity and results are multiplied when you have a married couple with a combined six-figure income working toward the same goal. This is a recipe for skyrocketing the net worth … <a href="https://www.marriagekidsandmoney.com/how-to-consistently-save-and-invest-85000-each-year-with-jamila-souffrant/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Consistently Save $85,000 Per Year – with Jamila Souffrant"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-consistently-save-and-invest-85000-each-year-with-jamila-souffrant/">How to Consistently Save $85,000 Per Year – with Jamila Souffrant</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> When a goal-oriented person discovers the excitement and allure of financial independence, there is little that can stop them from reaching this huge milestone. The intensity and results are multiplied when you have a married couple with a combined six... The intensity and results are multiplied when you have a married couple with a combined six-figure income working toward the same goal. This is a recipe for skyrocketing the net worth and savings.
To demonstrate this type of savings superpower, I’ve invited Jamila Souffrant on the show today. In 2016, she and her husband partnered together to save over $85,000 in just 12 short months.
And then … they did it again in 2017.  

What are we covering today?
Jamila and I discuss:

* How she and her husband have consistently saved $85k per year
* What she’s doing with that money
* Why financial independence is such an important family goal for her

As a full-time employee, mother of two, entrepreneur and wife, Jamila personifies hard work and family dedication. Her passion for success is infectious. 
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON Apple podcastsGOOGLE PLAY  OR STITCHER.

About Our Guest:  Jamila Souffrant

Jamila Souffrant is a Certified Financial Education Instructor (CFEI), podcaster, blogger, money coach and founder of Journey To Launch where she shares her journey to reach Financial Freedom and helps others do the same. As a money expert who “walks her talk” she helps brave Journeyers; gain clarity around their finances and create an actionable plan to reach their goals.

Money Master of the Week
Congratulations to Tess from Minnesota for recently paying off ALL of her credit card debt!
She is inspired by the excitement in the Financial Independence (FI) Community and she wants in! After the credit cards, Tess is laser-focused on the erasing car debt from her life.
Tess from Minnesota is our Money Master of the Week!
You can learn more about Tess’s debt destruction path at A Half Stick.
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  STUDENT LOAN HERO

FEATURED ARTICLE: 6 Best Banks to Refinance and Consolidate Student Loans in 2018
TOOLS:  Student Loan Calculators
SHOW SPONSOR:  TOMORROW.ME

GET YOUR FREE WILL TODAY
Jamila souffrant’S RESOURCES
Website: JourneyToLaunch.com
Recommended Book:  Stop Acting Rich by Thomas J. Stanley



MARRIAGE, KIDS AND MONEY RESOURCES
The free guide to solidifying your family’s financial future. It’s my free gift to you.
46:20 3363
How Do I Find the Best Financial Advisor? https://www.marriagekidsandmoney.com/how-do-i-find-the-best-financial-advisor/ Mon, 05 Mar 2018 07:13:56 +0000 http://www.marriagekidsandmoney.com/?p=3346 <p>Our question of the month comes in from Ryan from Pittsburgh. He wants to know how to find the best financial advisor: Ryan: Hey Andy, I’ve been listening to your show for the past few months. I like the way that you and Nicole partner together to meet your financial goals. It’s inspiring me and … <a href="https://www.marriagekidsandmoney.com/how-do-i-find-the-best-financial-advisor/" class="more-link">Continue reading<span class="screen-reader-text"> "How Do I Find the Best Financial Advisor?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-do-i-find-the-best-financial-advisor/">How Do I Find the Best Financial Advisor?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Our question of the month comes in from Ryan from Pittsburgh. He wants to know how to find the best financial advisor: Ryan: Hey Andy, I’ve been listening to your show for the past few months. I like the way that you and Nicole partner together to meet...
Ryan:
Hey Andy,
I’ve been listening to your show for the past few months. I like the way that you and Nicole partner together to meet your financial goals. It’s inspiring me and my wife (who is also coincidently also named Nicole) to do the same.
We’ve been following the
Dave Ramsey baby steps and recently paid off our last debt. When we got focused, it really only took us about 2 years to pay off our $60,000 in debt. We both had car loans, student loans and a little bit of credit card debt.
Now that we’re debt-free, we want to start saving up for retirement. We’ve been delaying our retirement investing based on Dave’s advice to hold off until you’re debt free. I feel like we’re WAY behind though. We’re both 30 and we barely have anything in our retirement accounts.  
Early last year, we were able to get our student loans down to around 3.5% with SoFi. I was happy with the results of the refi, but at the same time, the market was skyrocketing. It felt frustrating that I wasn’t in it. I was saving 3.5% while the market was doing 18%! Also, my company matches 20% of my 401k deposits.
I felt like I was on the sidelines during a huge game I wasn’t able to play in.
Anyway … back to my question for you.
Nicole and I are ready to start investing for our retirement.
We’re planning on meeting with a SmartVestor Pro through Dave Ramsey’s site to guide us in the right direction. Since this is brand new for us, do you have any suggestions on how to start? Have you used a broker before? Any lessons learned?

By the way, our combined HHI is around $150k. We have no kids but we’re thinking about it in the next couple of years. We live outside of Pittsburgh and we have $30,000 in an emergency fund. I’m not sure you need this information, but here it is anyway.
Any insights you can share would be great. Keep up the great work on the show.
Ryan

Andy:
Thanks for writing in Ryan.
$60k in 2 years is an incredible feat! Congratulations!
Before we get to your question, I want to comment on your thoughts around stopping your retirement investing during the debt pay off process. This is a huge concern I hear about again and again.
Retirement Savings Before You’re Debt Free
Dave Ramsey’s advice is to stop all retirement investing until you’re consumer debt free. In his eyes, all of your non-mortgage debt should be gone before you invest for retirement. 
I understand the rationale for this advice for sure. A lot of people dip into their retirement savings during emergencies when they’re in debt and don’t have the necessary cash available.
According to CNBC in 2016, 1 in 10 workers has taken a hardship withdrawal from their retirement for reasons ranging from medical expenses to home repairs to covering home payments.

In this case, these people needed fast money right away and their only option was their retirement savings. This move causes massive losses. Using the 401k as an example, for early withdrawal you’d have a 10% penalty charge and you’d have to pay the taxes since the initial deposit was pre-tax. Depending on your tax bracket, you could be looking at a 40% hit on your money!
This is what Dave is hoping to avoid for people. With no debt and a healthy emergency fund,]]> Andy Hill 36:28 3346 How Early Retirement Can Enhance Your Marriage – with Tanja Hester & Mark Bunge https://www.marriagekidsandmoney.com/how-early-retirement-can-enhance-your-marriage-with-tanja-hester-mark-bunge/ Mon, 26 Feb 2018 07:13:51 +0000 http://www.marriagekidsandmoney.com/?p=3316 <p>If you’ve been married and working full-time for a while, you know the importance of quality time spent with your spouse. This is a chance to catch up, to talk about fun memories and make new ones together. Unfortunately, our busy careers can make these quality get-togethers really difficult most days. There are late nights … <a href="https://www.marriagekidsandmoney.com/how-early-retirement-can-enhance-your-marriage-with-tanja-hester-mark-bunge/" class="more-link">Continue reading<span class="screen-reader-text"> "How Early Retirement Can Enhance Your Marriage – with Tanja Hester & Mark Bunge"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-early-retirement-can-enhance-your-marriage-with-tanja-hester-mark-bunge/">How Early Retirement Can Enhance Your Marriage – with Tanja Hester & Mark Bunge</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> If you’ve been married and working full-time for a while, you know the importance of quality time spent with your spouse. This is a chance to catch up, to talk about fun memories and make new ones together. Unfortunately, Unfortunately, our busy careers can make these quality get-togethers really difficult most days. There are late nights at work, deadlines and out-of-town trips. But … 

* What if you woke up on Monday morning and you didn’t have to go into the office?
* What if there were no more business trips and no more work-related deadlines?
* How would that enhance your relationship with your spouse?

To answer these questions, I’ve invited Tanja Hester and Mark Bunge on the show today. After 10 years of marriage and 6 years of diligent savings, this young couple decided to retire from their busy careers in late 2017 and give more time to their marriage.
At 38 and 41, Tanja and Mark have regained the best years of their lives. As early retirees, they are pursuing their passion for the outdoors, travel and spending more quality time together.

What are we covering today?
Tanja, Mark and I discuss:

* How they saved up enough money to retire early
* Why they are thrilled about their new adventure
* How this new situation will enhance their relationship together

If you’re interested in early retirement and how it can impact your marriage, join us for this chat today. Tanja and Mark are an inspirational couple that will encourage you to do incredible things with your life.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

About Our Guests:  Tanja Hester & Mark Bunge
Tanja Hester and Mark Bunge – the couple behind the award-winning blog Our Next Life – recently retired at the ages of 38 and 41 from careers as political consultants. They achieved financial independence two years before that, at the ages of 36 and 39. And that was without being super savers or even naturally frugal.
Now they’re living the dream in Lake Tahoe, California, skiing and hiking on weekdays and spending as much time outdoors as possible. Tanja’s also getting to write more and do more public speaking on financial independence. And both Mark and Tanja are presidents of local nonprofit organizations and are able to devote much more time to service in the community. In addition to writing Our Next Life, Tanja co-hosts The Fairer Cents podcast.

Money Master of the Week
Congratulations to Jane from New York for paying off $35,000 in student debt in under 3 years!
She plugged away at this pile of debt by avoiding lifestyle inflation and automating her monthly payments.
Jane from New York is our Money Master of the Week!
You can learn more about Jane’s path to early financial independence at Cash Fasting.
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR:  STUDENT LOAN HERO

FEATURED ARTICLE: 6 Best Banks to...]]>
Andy Hill 1:02:29 3316
10 Pillars of Financial Independence – with Jonathan Mendonsa https://www.marriagekidsandmoney.com/the-10-pillars-of-financial-independence-with-jonathan-mendonsa/ Mon, 19 Feb 2018 07:13:51 +0000 http://www.marriagekidsandmoney.com/?p=3277 <p>Popularized by extreme frugality rock stars like Mr. Money Mustache, the Mad Fientist and Jacob from Early Retirement Extreme, the Financial Independence or FIRE community has grown in popularity over the past 5-10 years. This is a subset of the personal finance world that encourages earning a solid income early in your life, saving a … <a href="https://www.marriagekidsandmoney.com/the-10-pillars-of-financial-independence-with-jonathan-mendonsa/" class="more-link">Continue reading<span class="screen-reader-text"> "10 Pillars of Financial Independence – with Jonathan Mendonsa"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/the-10-pillars-of-financial-independence-with-jonathan-mendonsa/">10 Pillars of Financial Independence – with Jonathan Mendonsa</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Popularized by extreme frugality rock stars like Mr. Money Mustache, the Mad Fientist and Jacob from Early Retirement Extreme, the Financial Independence or FIRE community has grown in popularity over the past 5-10 years. This is a subset of the personal finance world that encourages earning a solid income early in your life, saving a boat load of cash and retiring earlier than most of your peers.
For a frugal guy like me, this concept makes a ton of sense. Work hard, save and invest early so you can enjoy the majority of your life doing what you love.
But what happens when you’ve retired early? You still need something. You need a purpose or a goal to work toward.

An online business is evidently great place to start.
ChooseFI Radio Podcast host Jonathan Mendonsa joins me today to discuss how he’s been able to achieve financial independence by inspiring others to achieve financial independence. Genius!
His bi-weekly show dives deep into the tenants of early retirement and why this FIRE community is growing so rapidly.
What are we covering today?
Jonathan and I chat about:

* His $168,000 student debt pay down journey
* How he built his FIRE-inspiring small business
* His 10 Pillars of Financial Independence

Jonathan’s enthusiasm and easy-to-follow steps make the journey toward financial independence fun and exciting. Join us today and get inspired to make financial independence a goal for your family.
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About Our Guest:  Jonathan Mendonsa


My name is Jonathan and I live and work out of Richmond, Virginia. My wife and I enjoy travel rewards, coffee, board games, Chipotle, and spending time with our two dogs; Zoey and Kiki. We have a love-hate relationship with frugal living and like to find ways to maximize quality of life while minimizing expenses.

I feel I am qualified to talk about the normal path because I have lived it for the last 30 years.  At the age of 28, I graduated college as a pharmacist with  $168,000 in student loans. Now, 4 years later I have clawed my way out and I am pursuing Financial Independence.

My hobby and passion over the last 5 years has become learning new skills and looking for ways to develop passive income streams. I also love to talk about what I have learned. I ran out of people in my immediate social circle to share all this awesome information with. Enter ChooseFI.

I’m so excited to get to collect and talk about all the financial life hacks as my side hustle. I know this information has the power to change lives. Turn off the TV and start working for freedom.
 

Money Master of the Week
Congratulations to Susanne from Arizona for paying off her second credit card on her journey toward consumer debt freedom! She and her family have paid off almost $15,000 of debt in the last year.
All in all, Susanne’s goal is to pay off all $76,000 in consumer debt within 5 years. She’s on the right path to make it happen well before that time.
Susanne from Arizona is our Money Master of the Week!
You can learn more about Susanne and her debt crushing skills at The 76K Project.
If you have a financial victory you want to share on this show, please leave me a voicemail (or  1:01:39 3277 How to Build Your Credit Without a Credit Card – with Whitney Hansen https://www.marriagekidsandmoney.com/69-build-credit-without-credit-card/ Mon, 12 Feb 2018 07:13:39 +0000 http://www.marriagekidsandmoney.com/?p=3225 <p>Without the right discipline, credit cards can cripple our ability to build our cash savings, our retirement savings and our overall wealth. It’s so easy to swipe that little piece of plastic without even thinking twice about how much money we actually have in our checking account. My guest today, Whitney Hansen, has developed a … <a href="https://www.marriagekidsandmoney.com/69-build-credit-without-credit-card/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Build Your Credit Without a Credit Card – with Whitney Hansen"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/69-build-credit-without-credit-card/">How to Build Your Credit Without a Credit Card – with Whitney Hansen</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Without the right discipline, credit cards can cripple our ability to build our cash savings, our retirement savings and our overall wealth. It’s so easy to swipe that little piece of plastic without even thinking twice about how much money we actually... My guest today, Whitney Hansen, has developed a business that helps people battle the temptations of the all-powerful credit card. After becoming completely debt free early in her life, she now supports others in doing the same.  For most people, that journey to debt freedom starts with their relationship with credit.

What are we covering today?
Whitney and I discuss:

* The strategies she used to pay off $30,000 of debt in 10 months
* How we can all be credit card free and still live happy lives
* Why you don’t need to rely on constant credit card use to build your credit

This self-described “money nerd” has personally coached over 400 people to rid themselves of debt and learn to control their money. Let’s get inspired by Whitney today and take our wealth to the next level.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON 
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 About Our Guest:  Whitney Hansen
Whitney Hansen is a personal finance coach and host of The Money Nerds Podcast. She teaches overwhelmed millennials how to pay off debt and be financially independent. She gives them the tools to have more fun with money while sprinkling in a little silliness. Some of her accomplishments are paying off $30,000 in 10 months, buying her first home at 19, and paying $472 for her master’s degree.

 Money Master of the Week
Congratulations to Erik from Minnesota who made over $100,000 in income last year at the age of 25! He’s prided himself in growing and diversifying his income ever since he graduated from college a few years ago. 
Through providing value and having a servant mindset, Erik has increased his salary at work by 40% over the past few years. In 2017, Erik made over $13,000 in rental income and over $5,000 in side consulting work to boost his overall income. Diversification of income is key for Erik!
Erik from Minnesota is our Money Master of the Week!
You can learn more about Erik and his wealth building success at The Mastermind Within.
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR

FEATURED ARTICLE: 6 Best Banks to Refinance and Consolidate Student Loans in 2018
Whitney Hansen’S RESOURCES
Website:  WhitneyHansen.com
Recommended Book:  Automatic Millionaire by David Bach



Recommended Book:   32:46 3225 Is Debt Freedom Impossible in a High Cost of Living Area? https://www.marriagekidsandmoney.com/68-is-debt-freedom-impossible-in-a-high-cost-of-living-area/ Mon, 05 Feb 2018 07:13:06 +0000 http://www.marriagekidsandmoney.com/?p=3163 <p>This week’s question comes from Michelle in response to an article I wrote about paying off our mortgage early: MICHELLE: Hi Andy, I find myself in a unique position.  I understand the steps you’ve outlined in your mortgage pay off article. I’ve read a few books on that process by Dave Ramsey.   What advice would … <a href="https://www.marriagekidsandmoney.com/68-is-debt-freedom-impossible-in-a-high-cost-of-living-area/" class="more-link">Continue reading<span class="screen-reader-text"> "Is Debt Freedom Impossible in a High Cost of Living Area?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/68-is-debt-freedom-impossible-in-a-high-cost-of-living-area/">Is Debt Freedom Impossible in a High Cost of Living Area?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> This week’s question comes from Michelle in response to an article I wrote about paying off our mortgage early: MICHELLE: Hi Andy, I find myself in a unique position.  I understand the steps you’ve outlined in your mortgage pay off article.
MICHELLE:
Hi Andy,
I find myself in a unique position.  I understand the steps you’ve outlined in your
mortgage pay off article. I’ve read a few books on that process by Dave Ramsey.  
What advice would you give to someone who lives in a very high cost area?  

Both my husband and I make decent salaries that would be considered upper middle class in most areas but where we are they are just average middle class. Housing costs are very high in my area and property taxes/insurances are around 15K/year. I’ve read so many articles on the subject but they always quote mortgages for homes around 200K. Where I live you couldn’t even get a 1 bedroom apartment for that cost.  
I want to sell my current starter house (that I paid 378K for over 10 years ago) and upgrade for my growing family but a 15-year mortgage (with 20% down) with taxes will put us around $4600+ in payments, with nothing extra to principal, and limiting our potential to save.  
It seems impossible to get ahead and keep my children in a nice neighborhood near family.  Please don’t misunderstand “nice” does not mean luxury, this price is about average.  


* We don’t live lavishly, have any car payments, or take big vacations, I have about $500/month in student loans.  
* We have a 30-year mortgage now that I pay bi-weekly and pay about $500 month extra toward principle, my total payment is about $3700/month for a basic 3 BR ranch house that we’ve put a lot of work into ourselves.  
* I’m also currently paying about $1100 for school tuition for my children (5 and 3) because the schools where I live now are not so great.  

I would really like to live debt free but feel like it’s impossible.
I appreciate any advice you have.
Thanks,
Michelle

Andy:
My kids are 5 and 3 too. I’m right there with you, Michelle!
If your major motivator is to live debt free, have more options in your life (vacations, family fun) and be less stressed about money, I have a 5 thoughts …
1. Consider Moving to a Lower Cost of Living Area of the US
When the family size grows and the desires for the future do as well, a lot of families move to a place where the taxes are lower and you can “get more house for your money”.
It sounds like the part of the country you live in will make that difficult for you right now and in the future. There are lower cost of living areas in the US that have excellent schools (no more school tuition when they hit Kindergarten), beautiful “reasonably” priced homes and your taxes could be 1/3 or less of your current cost.
2. Make More Money
If moving is completely out of the question (family, specific job skill set, etc), you need to find a way to bring in more money to keep pace with your lifestyle.
Ask yourself some questions:

* Am I due for a raise at work? If so, ask for it. Make sure you lead with your accomplishments and your contributions to the company instead of your personal need.
* Do I have upward mobility in my career? Do you see a path for you to continue making more money in your current career path? If not, I’d consider seeking out another position to increase your income.
* What can I do on the side to make money? Do you have a hobby that you love that you could pursue during nights and weekends that would help you pay down your student loans? A side hustle is a great way to pay down debt, have some fun and create some freedom in your life.


How One Pay Raise Can Lead to Debt Freedom https://t.co/LOBDJ3E5GP
]]> Andy Hill 16:31 3163 How This Young Mother of Twins Earns Six-Figures Working from Home https://www.marriagekidsandmoney.com/how-this-young-mother-of-twins-earns-six-figures-working-from-home/ Mon, 29 Jan 2018 07:13:39 +0000 http://www.marriagekidsandmoney.com/?p=3137 <p>There are a lot of parents out there who would love to spend more time with their children, but they are stuck at the office all day. By the time they fight through traffic and get home, they’re exhausted. On the opposite end of that coin, there are a lot of stay at home parents … <a href="https://www.marriagekidsandmoney.com/how-this-young-mother-of-twins-earns-six-figures-working-from-home/" class="more-link">Continue reading<span class="screen-reader-text"> "How This Young Mother of Twins Earns Six-Figures Working from Home"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-this-young-mother-of-twins-earns-six-figures-working-from-home/">How This Young Mother of Twins Earns Six-Figures Working from Home</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> There are a lot of parents out there who would love to spend more time with their children, but they are stuck at the office all day. By the time they fight through traffic and get home, they’re exhausted. On the opposite end of that coin, On the opposite end of that coin, there are a lot of stay at home parents that really want to make a solid income to help their families thrive. 
My guest today has found a way to do both.

Cat Alford is not only a young mother to twins, but she runs a successful media company from the comfort of her home. In 2017, she surpassed $100,000 in her business for the first time.
What are we covering today?
Cat and I chat about:

* How she got started in her business
* The difficulties she faced on her path to success and how she overcame them
* Why being a mother and the bread winner is difficult, but so worth it

It took some time for Cat to get to this six-figure milestone moment in her life, but her resilience and drive was relentless. I’m sure Cat’s “anything is possible” spirit will inspire you to do the impossible today.
**By the way, this interview is a little different from others. I had the pleasure of having Cat and her family over to the Hill House as we’re both metro Detroiters. We had some pizza, afternoon cocktails and the kids ran around the house like crazy people while we were recording (thank you to Nicole and Jonathan for watching the kids during our interview)!
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

About Our Guest:  Cat Alford
Catherine Alford is the go to family finance expert for educated, aspirational moms who want to take on a more active financial role in their families.
Named the Best Contributor/Freelancer for Personal Finance in 2014, her writing and expertise have been featured in dozens of notable publications like Yahoo Finance, U.S. News and World Report, Real Simple, The Huffington Post, Kiplinger, Investopedia, Business Insider and many more. She has been interviewed on Good Morning America, Huffington Post Live, and numerous podcasts.
As an entrepreneur and the mother to boy/girl twin toddlers, she lives the messages she teaches each and every day.

Money Master of the Week
Congratulations to Jason from Raleigh, NC who has developed an incredible tradition for his family. He’s dubbed it the Financial State of our Union – this is an annual get together with his wife where they discuss their finances and their goals for the future.
Through this meeting, Jason and his wife will make plans for a new home, review their retirement savings and prepare for a new baby in their lives.
This meeting is what it’s all about my friends – family first!
Jason from Raleigh is our Money Master of the Week!
You can learn more about Jason and his wealth building traditions at The Wealth Hound.
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win, how you did it and your plans for the future.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR

FEATURED ARTICLE:  53:08 3137
How Debt Freedom and Side Hustling Provides You More Family Time – with Vincent Pugliese https://www.marriagekidsandmoney.com/66-how-debt-freedom-and-side-hustling-can-give-your-more-family-time/ Mon, 22 Jan 2018 07:13:24 +0000 http://www.marriagekidsandmoney.com/?p=3086 <p>Complete debt freedom can allow you to do amazing things. You can pursue your passions, you can craft the direction of your day and spend more time with the ones you love. Our guest today, Vincent Pugliese is the walking, talking proof of what complete debt freedom can do for your life. Vincent is a … <a href="https://www.marriagekidsandmoney.com/66-how-debt-freedom-and-side-hustling-can-give-your-more-family-time/" class="more-link">Continue reading<span class="screen-reader-text"> "How Debt Freedom and Side Hustling Provides You More Family Time – with Vincent Pugliese"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/66-how-debt-freedom-and-side-hustling-can-give-your-more-family-time/">How Debt Freedom and Side Hustling Provides You More Family Time – with Vincent Pugliese</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Complete debt freedom can allow you to do amazing things. You can pursue your passions, you can craft the direction of your day and spend more time with the ones you love. Our guest today, Vincent Pugliese is the walking, Our guest today, Vincent Pugliese is the walking, talking proof of what complete debt freedom can do for your life.

Vincent is a Pittsburgh-based freelance photographer that recently wrote a book called Freelance to Freedom. This is his personal account of how he went from $140,000 in debt to completely debt free and owning his own photography business.
What are we covering today?
Vincent and I discuss:

* What steps he used to climb his way out of $140,000 in debt
* How he used freelancing to secure his family’s freedom
* Why everyone should start a side hustle

I absolutely loved talking with Vincent because his situation is incredibly relatable. He is proof that you don’t need millions of dollars to have the freedom you desire. He and his wife now only work on their photography business 30 days out of the year to sustain their lifestyle. Incredible!
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About Our Guest:  Vincent Pugliese

Vincent Pugliese has a Bachelor Degree in Communication from Ohio University, where he was named National Champion for the William Randolph Heart Photojournalism Championship prior to graduation. He has photographed for all of the leading wire services and various national and local publications throughout the United States.
Vincent has photographed all major sporting and news events, including the Super Bowl, the World Series, the NHL Final, the NBA Conference Finals, The Kentucky Derby and even Wrestlemania! He has been assigned to photograph events in nearly every state in the nation and currently resides in Bethel Park, Pennsylvania.

Money Master of the Week
Congratulations to Josh and Lauren from Virginia for paying down their  debt by $108,000! They are now 24 months away from completely paying off their student loans from medical school and being DEBT FREE!
Josh & Lauren from Virginia are our Money Masters of the Week!
You can learn more about Josh and Lauren crushing their debt at Money Life Wax.
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win and how you did it.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
SHOW SPONSOR

FEATURED ARTICLE:  6 Best Banks to Refinance and Consolidate Student Loans in 2018
Vincent’S RESOURCES MENTIONED
Vincent’s Website
Freelance to Freedom by Vincent Pugliese



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Join the MKM Community for January’s Young Family Wealth Playbook (Free)
Support this Show
]]> Andy Hill 46:06 3086 Why Entrepreneurs Should NOT Focus on Building A Personal Brand – with Guy Kawasaki https://www.marriagekidsandmoney.com/why-entrepreneurs-should-not-focus-on-building-a-personal-brand-feat-guy-kawasaki/ Mon, 15 Jan 2018 07:13:03 +0000 http://www.marriagekidsandmoney.com/?p=3043 <p>When it comes to building your business, a lot of gurus out there are promoting the importance of building your personal brand. Guy Kawasaki isn’t buying it. This Silicon Valley investor, author and brand evangelist for companies like Apple, Mercedes-Benz and Canva would much rather have you spend your precious time providing the best service … <a href="https://www.marriagekidsandmoney.com/why-entrepreneurs-should-not-focus-on-building-a-personal-brand-feat-guy-kawasaki/" class="more-link">Continue reading<span class="screen-reader-text"> "Why Entrepreneurs Should NOT Focus on Building A Personal Brand – with Guy Kawasaki"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/why-entrepreneurs-should-not-focus-on-building-a-personal-brand-feat-guy-kawasaki/">Why Entrepreneurs Should NOT Focus on Building A Personal Brand – with Guy Kawasaki</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> When it comes to building your business, a lot of gurus out there are promoting the importance of building your personal brand. Guy Kawasaki isn’t buying it. This Silicon Valley investor, author and brand evangelist for companies like Apple,
This Silicon Valley investor, author and brand evangelist for companies like Apple, Mercedes-Benz and Canva would much rather have you spend your precious time providing the best service or creating the most value with your product than working on how many Twitter followers you have.
As a budding entrepreneur, this conversation gave me a solid jolt and repositioned me to head in the right direction.  I need to provide value first and then my personal brand will follow.
What are we covering today?
Guy and I chat about:

* His thoughts on the current social media landscape
* How he balances fatherhood and his work life
* Why entrepreneurs should strive to make meaning, not money

It was an absolute honor speaking with a global business magnate like Guy Kawasaki. You’re going to love his insights and candid opinions. He doesn’t pull any punches and it’s refreshing.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

About Our Guest:  Guy Kawasaki

Guy Kawasaki is the chief evangelist of Canva, an online graphic design tool. He is a brand ambassador for Mercedes-Benz  and an executive fellow of the Haas School of Business (UC Berkeley). Guy held roles as the chief evangelist of Apple and a trustee of the Wikimedia Foundation.
He is also the author of The Art of the Start 2.0, The Art of Social Media, Enchantment, and nine other books. Kawasaki has a BA from Stanford University and an MBA from UCLA as well as an honorary doctorate from Babson College.

Money Master of the Week
Congratulations to Liz from Canada for achieving a net worth of $100,000 by the age of 26!
After graduating from college with zero debt and buying her first investment property, she has carved a clear path to reach true financial freedom at a young age.
Liz from Canada is our Money Master of the Week!
You can learn more about Liz’s adulting success at Ambitious Adulting.
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include the following: name, location, your big win and how you did it.
Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
Show Sponsor

FEATURED ARTICLE:  7 Best Debt Consolidation Loans Available in 2018
Guy’S RESOURCES mentioned
Guy’s Website
Art of the Start by Guy Kawasaki



APE: Author, Publisher, Entrepreneur-How to Publish a Book by Guy Kawasaki
]]>
Andy Hill 31:33 3043
How Your Sex Life and Student Loans Are Connected https://www.marriagekidsandmoney.com/how-your-sex-life-and-student-loan-debt-are-connected/ Mon, 08 Jan 2018 07:13:31 +0000 http://www.marriagekidsandmoney.com/?p=2906 <p>Who hates student loan debt, but loves sex? Yeah, me too!  Before my interview with Shannon McNay and Erin Wiley, I didn’t realize how these two topics were so intertwined. Erin is a Marriage & Family Therapist and Shannon is a student loan expert from Student Loan Hero. These two professionals conducted a new research study … <a href="https://www.marriagekidsandmoney.com/how-your-sex-life-and-student-loan-debt-are-connected/" class="more-link">Continue reading<span class="screen-reader-text"> "How Your Sex Life and Student Loans Are Connected"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-your-sex-life-and-student-loan-debt-are-connected/">How Your Sex Life and Student Loans Are Connected</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Who hates student loan debt, but loves sex? Yeah, me too!  Before my interview with Shannon McNay and Erin Wiley, I didn’t realize how these two topics were so intertwined. Erin is a Marriage & Family Therapist and Shannon is a student loan expert from... Yeah, me too! 
Before my interview with Shannon McNay and Erin Wiley, I didn’t realize how these two topics were so intertwined.

Erin is a Marriage & Family Therapist and Shannon is a student loan expert from Student Loan Hero. These two professionals conducted a new research study about the correlation between student loan debt, relationships and sex.  
The findings were quite revealing and we’re diving into those results today on the show.
What are we covering today?
Erin, Shannon and I discuss:

* Top level results from this revealing survey on relationships, sex and debt
* Recommendations for overcoming student loan debt as a couple
* Our personal experiences with student loan debt and our relationships

As they say, knowledge is power. Let’s get all these facts straight so we know how to improve our finances, our relationships and our sex life.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

About Our Guest:  Erin Wiley
Erin Wiley is a Licensed Professional Clinical Counselor in Northwest Ohio whose areas of expertise include marriage counseling, family therapy, parenting coaching, and adolescent issues. She speaks to groups across the country on topics related to improving marriages and strengthening families.
About Our Guest:  Shannon McNay
Shannon is a personal finance writer at Student Loan Hero. She also uses her past experience working in strategy and marketing to spend her spare time mentoring creatives on how to find their purpose, build a brand, and get paid for the work they do.

Money Master of the Week
Congratulations to Mark from Salt Lake City who recently paid off $180,000 in student loan debt!
He’s now created a much brighter future for his young family. It wasn’t magic either! He refinanced his student loans, increased his income and reduced his expenses in order to pay off his mountain of debt. 
Mark from Salt Lake City is our Money Master of the Week!
If you have a financial victory you want to share on this show, please leave me a voicemail (or email) and include your name, location, your big win and how you did it. Your story will inspire others to save more, make more and plan for their family’s future.

Show Notes
ARTICLE REFERENCED:  Debt in the Bedroom:  32% of Student Loan Borrowers Report Decreased Libido
STUDENT LOAN HERO:  6 Best Banks to Refinance and Consolidate Student Loans in 2018
OUR GUEST:  Shannon McNay on Twitter
OUR GUEST:  Erin Wiley Therapy
Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:

* Leave a review for the show on iTunes or Stitcher
* Leave a comment below
]]>
Andy Hill 31:56 2906
Should I Take Out a 401k Loan to Pay Off Debt? https://www.marriagekidsandmoney.com/063-should-i-take-out-a-401k-loan-to-pay-off-debt/ Mon, 01 Jan 2018 07:13:08 +0000 http://www.marriagekidsandmoney.com/?p=2860 <p>Recently, I received an email from Chris who was interested in my opinion on taking out a 401k loan to pay off his student debt. “Hi Andy, Did you ever consider leveraging your 401k to try to clobber debt faster? I do not mean withdrawing funds from the 401k and incurring the penalty and tax … <a href="https://www.marriagekidsandmoney.com/063-should-i-take-out-a-401k-loan-to-pay-off-debt/" class="more-link">Continue reading<span class="screen-reader-text"> "Should I Take Out a 401k Loan to Pay Off Debt?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/063-should-i-take-out-a-401k-loan-to-pay-off-debt/">Should I Take Out a 401k Loan to Pay Off Debt?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Recently, I received an email from Chris who was interested in my opinion on taking out a 401k loan to pay off his student debt. “Hi Andy, Did you ever consider leveraging your 401k to try to clobber debt faster?
“Hi Andy,
Did you ever consider leveraging your 401k to try to clobber debt faster?
I do not mean withdrawing funds from the 401k and incurring the penalty and tax hit, I mean borrowing from it and then paying it back and paying yourself the interest rather than Navient. 
All the articles I have read say “don’t touch your 401k” but they are ALWAYS referring to withdrawing the funds rather than taking a loan.
I can take a loan out of my 401k up to $50,000 and I can set the repayment length to whatever monthly payment that I can afford. I want to take this $50,000 and payoff my loans in one gratifying check then use the money I was paying towards my student loan principal and interest (about $2,000 a month) to repay my 401k.

How One Pay Raise Can Lead to Debt Freedom https://t.co/LOBDJ3E5GP
— Andy Hill (@AndyHillMKM) December 17, 2017

There are some risks to this like if I lose my job I would need to repay that debt immediately but the probability of that is very low. My goal is to finish paying off my loans by 2019 (10 years after graduating college) and I am on pace to do that with either method but I think the 401k loan would save me a ton of money over just repaying the lender. This technique could be done with a HELOC too but I think that is much more dangerous.
I think it would be awesome to hear about the pros and cons, if not I would love to just hear your thoughts on the matter.
I am a huge fan, keep up the good work!
Thanks,
Chris

Thank you so much for reaching out, Chris. I’m glad to hear that you’ve been enjoying the blog and the podcast.
As far as taking a 401k loan, I was actually thinking about doing this earlier this year for investing in our first rental property.  The more I’ve read and investigated, the process just didn’t work for a conservative guy like me.
Here’s why I didn’t go for the 401k loan:
1. Potential Job Loss
I’m not sure how it would work with your employer, but with mine I would have to pay back all of the 401k loan money within 30-90 days if I lose my job, take a new one or leave the company for any other reason.
I found this commentary (below) on Reddit. An HR manager described some tough situations they experienced when employee’s 401k loans came due unexpectedly:
“As someone who worked in HR/Benefits for many years, the main reason I always see and advise against is that (1) no job is stable and (2) it’s not just laying off/firing that makes the loan come due. What if you get an amazing opportunity elsewhere and quit? Well that loan is still due … I’ve had people crying on the phone because they didn’t understand the terms.”
You could protect yourself from this situation by saving up enough liquid cash for that emergency. If you did that though, you might as well just use the cash you saved up to pay off the student loans.
2. Lose Out on Crucial Retirement Returns
During the borrowing period, my 401k account would have been severely depleted. I have around $100k saved up right now in my 401k. If I took out $50,000 (like you’re considering), the power of my compound interest wouldn’t be so powerful. 
I want to leave those retirement funds in there to build over time.

035 | Destroying $87k in Student Loans by Avoiding Lifestyle Inflation https://t.co/i8n3N3tPgJ
— Andy Hill (@AndyHillMKM) 23:47 2860
Teaching Your Kids How to Set Financial Goals – with Tanya Van Court https://www.marriagekidsandmoney.com/teaching-your-kids-how-to-set-financial-goals/ Mon, 25 Dec 2017 07:13:33 +0000 http://www.marriagekidsandmoney.com/?p=2831 <p>There’s nothing wrong with having things, liking things and wanting things. Especially when you’re a kid. From our own personal experience though, we’ve found most of our joy in life has been derived from experiences – memorable, fun and rewarding experiences. In my never-ending quest to give my kids the best life possible, I reached … <a href="https://www.marriagekidsandmoney.com/teaching-your-kids-how-to-set-financial-goals/" class="more-link">Continue reading<span class="screen-reader-text"> "Teaching Your Kids How to Set Financial Goals – with Tanya Van Court"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/teaching-your-kids-how-to-set-financial-goals/">Teaching Your Kids How to Set Financial Goals – with Tanya Van Court</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> There’s nothing wrong with having things, liking things and wanting things. Especially when you’re a kid. From our own personal experience though, we’ve found most of our joy in life has been derived from experiences – memorable, In my never-ending quest to give my kids the best life possible, I reached out to Tanya Van Court about the very subject of helping our kids appreciate experiences over things. Tanya is the founder and CEO of a company called Goalsetter. They’ve created an organization that’s helping kids save for the most important moments, experiences and goals in their lives.
About Our Guest:  Tanya Van Court
Tanya Van Court is the founder and CEO of Goalsetter. Prior to launching Goalsetter, she ran preschool and parenting digital products at Nickelodeon, where she led NickJr.com and Noggin.com, along with Nickelodeon’s parenting initiatives.

She was also responsible for launching major consumer products in large media companies, including Optimum Voice at Cablevision and ESPN3 at ESPN.
She was inspired to launch Goalsetter by her daughter, Gabrielle, who said that for her 9th birthday, she hoped to receive enough money to start an investment account and buy a new bike. Instead, she received a “Make Your Own Gum” kit, two weaving looms, a butterfly conservatory (with already-dead butterflies), and a rainbow loom to sit alongside the one she already had.
She has two degrees in Industrial Engineering from Stanford, and three degrees in parenting from her kids Gabrielle, Hendrix, and Maxwell.
What are we covering today?
Tanya and I chat about:

* How to teach your kids the importance of goals
* Why she’s encouraging her kids to strive for experiences over more toys
* How Goalsetter can help parents raise financially savvy children

If you’re a parent with young kids, you’ll really enjoy this fun chat with Tanya. Her experience as a parent and a professional who is working to help our kids succeed is perfect for this podcast.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON 
ITUNESGOOGLE PLAY OR STITCHER.

Money Master of the Week
Instead of a person this week, I wanted to highlight an organization that I’m incredibly fond of.

The National Endowment for Financial Education (NEFE) is an organization that is helping people all around the US make empowered financial decisions to better their lives.
Do you remember the personal finance class you had in high school? Yeah, neither do I. NEFE is working to change that by offering FREE lesson plans for teachers, educators and instructors. Chelsea Norton, NEFE’s Marketing Director, joins us on the show today to tell us all about the program.
NEFE and Chelsea Norton are our Money Masters of the Week!
Learn more about NEFE at NEFE.org.
There, you’ll be able to learn more about NEFE’s High School Financial Planning Program mentioned in today’s show.
If you have a financial victory you want to share on this show, please contact me with the details and put “Money Master of the Week” in the subject line. Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
(The resources below may provide me a commission – thanks!)
Tanya’S RESOURCES
Goalsetter
]]> Andy Hill 48:52 2831 Financial Independence through Real Estate – with Paula Pant https://www.marriagekidsandmoney.com/061-financial-independence-through-real-estate-with-paula-pant/ Mon, 18 Dec 2017 07:13:21 +0000 http://www.marriagekidsandmoney.com/?p=2787 <p>Now that Nicole and I are mortgage free, we’re moving onto our next big financial challenge:  Buy-and-Hold Rental Real Estate. Over the past year, I’ve been doing my best to educate myself in real estate by reading books and blogs and listening to podcasts on my daily commute. One of the podcasts I’ve been enjoying … <a href="https://www.marriagekidsandmoney.com/061-financial-independence-through-real-estate-with-paula-pant/" class="more-link">Continue reading<span class="screen-reader-text"> "Financial Independence through Real Estate – with Paula Pant"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/061-financial-independence-through-real-estate-with-paula-pant/">Financial Independence through Real Estate – with Paula Pant</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Now that Nicole and I are mortgage free, we’re moving onto our next big financial challenge:  Buy-and-Hold Rental Real Estate. Over the past year, I’ve been doing my best to educate myself in real estate by reading books and blogs and listening to podc... mortgage free, we’re moving onto our next big financial challenge:  Buy-and-Hold Rental Real Estate.
Over the past year, I’ve been doing my best to educate myself in real estate by reading books and blogs and listening to podcasts on my daily commute. One of the podcasts I’ve been enjoying a lot is called Afford Anything hosted by Paula Pant.
Paula is a real estate expert. She’s built an incredibly comfortable life for herself and her husband with 7 buy-and-hold rental units. They spend an average of about 1 hour per week managing the properties and they make an impressive income.
Since Nicole and I are newbies with the rental real estate game, I asked Paula to join me on the show today to discuss her path from 0 to 7 units and how real estate has allowed her to truly enjoy a life of pursuing her passions.  
About Our Guest:  Paula Pant
Paula Pant is an award-winning writer and speaker specializing in money, business and real estate investing.
She has been featured in more than four dozen major publications, including Forbes, Fortune, Money.com, AOL DailyFinance, Marketplace Money, Kiplinger, Bloomberg Business, Inc. Magazine, Business Insider, and many more.
Paula is a real estate investor, as the owner of seven rental property units in metropolitan Atlanta. She holds a real estate license in Georgia.
What are we covering today?
Paula and I chat about:

* How she got into real estate
* The strategies she used to scale up to 7 rental units
* Why she thinks your success (or failure) as a real estate investor happens before you buy

If you’re considering real estate as a passive income source for you and your family, you will not want to miss this chat with Paula. 
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

Money Master of the Week
Congratulations to Drew from Washington D.C. for recently reaching a $500,000 net worth and swooping up his 4th rental property! At 27 years old, Drew is truly blazing his way toward financial independence at a young age.
Drew from D.C. is our Money Master of the Week!
Follow Drew’s path to financial independence and early retirement at GuyonFire.us.
If you have a financial victory you want to share on this show, please contact me with the details and put “Money Master of the Week” in the subject line. Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
(The resources below may provide me a commission – thanks!)
Paula’S RESOURCES
Afford Anything
Deal-Analyzing Article:  Should You Invest in this Property?
Recommended Book:  From 0 to 130 Properties in 3.5 Years


MKM RESOURCES
Join the MKM Community for January’s Young Fami...]]>
Andy Hill 50:21 2787
529 Account – Your Kid’s Ticket to Student Debt Freedom – with Abby Chao https://www.marriagekidsandmoney.com/the-529-account-your-kids-ticket-to-student-debt-freedom/ Mon, 11 Dec 2017 07:13:48 +0000 http://www.marriagekidsandmoney.com/?p=2727 <p>Abby Chao is the Co-Founder of CollegeBacker. She and her company are on a mission to make saving for college easy with the magical 529 account.   Abby and I met a dinner in Dallas in October. Her enthusiasm for combating the $1.4 trillion student loan crisis in our country was inspiring. I had to … <a href="https://www.marriagekidsandmoney.com/the-529-account-your-kids-ticket-to-student-debt-freedom/" class="more-link">Continue reading<span class="screen-reader-text"> "529 Account – Your Kid’s Ticket to Student Debt Freedom – with Abby Chao"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/the-529-account-your-kids-ticket-to-student-debt-freedom/">529 Account – Your Kid’s Ticket to Student Debt Freedom – with Abby Chao</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Abby Chao is the Co-Founder of CollegeBacker. She and her company are on a mission to make saving for college easy with the magical 529 account.   Abby and I met a dinner in Dallas in October. Her enthusiasm for combating the $1. Abby and I met a dinner in Dallas in October. Her enthusiasm for combating the $1.4 trillion student loan crisis in our country was inspiring. I had to bring her on the show so you all could be inspired too.
Evidently, 70% of families in the US are not aware of the incredible benefits of the 529. We’re going to help with that today. 
About Our Guest:  Abby Chao
Abby Chao is a mission-driven strategist passionate about helping families save through CollegeBacker.
At McKinsey, she was a Social Sector Fellow in education, in addition to serving financial services & technology clients on marketing & sales. Prior to that, she covered technology, media & telecom at Goldman Sachs, and she also studied business and web technologies at USC.
What are we covering today?
Abby and I discuss:

* The details of 529 college savings accounts
* How people can combat the student loan crisis in our country
* What CollegeBacker is doing to support families with the future costs of college

If you love your kiddos and want to give them a chance at student debt freedom, you will not want to miss today’s show.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

Money Master of the Week
Congratulations to Rocky Lalvani for setting up his two children up Roth IRAs this year. His two children, now 15 and 17, already have thousands of dollars saved up.
If he continues similar deposits for his kids throughout their college years, they will both easily become millionaires by retirement age.
How’s that for a Christmas present?!
Rocky is the Money Master of the Week!
Outside of helping his children become completely financially set for their future, Rocky works as a financial coach and a tax planning agent. His love for business and finance has allowed him to become a millionaire in his 40’s.
Connect with Rocky and follow his journey to a richer life at Richer Soul.
If you have a financial victory you want to share on this show, please contact me with the details. Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
(The resources below may provide me a commission that will support the management of this site and podcast – thanks!)
Collegebacker’S RESOURCES
CollegeBacker $25 Match – Your first $25 deposit will be matched by CollegeBacker. Let’s get saving today!
Abby’s Recommended Book:  Rich Dad, Poor Dad by Robert Kiyosaki


MKM RESOURCES
Join the MKM Community for January’s Young Family Wealth Playbook
Why I Don’t Give My Kids an Allowance
Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:
Andy Hill 40:42 2727
How Do I Get My Spouse On Board With Budgeting? https://www.marriagekidsandmoney.com/how-do-i-get-my-spouse-on-board-with-budgeting/ Mon, 04 Dec 2017 07:13:50 +0000 http://www.marriagekidsandmoney.com/?p=2675 <p>Last month, we paid off our $400,000 home in just under 4 years. It took a lot of diligence, patience and teamwork between my lovely bride and I, but we’re proud to check this important family milestone off our list at 35 years old. We spent some time celebrating this fun moment in our lives … <a href="https://www.marriagekidsandmoney.com/how-do-i-get-my-spouse-on-board-with-budgeting/" class="more-link">Continue reading<span class="screen-reader-text"> "How Do I Get My Spouse On Board With Budgeting?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-do-i-get-my-spouse-on-board-with-budgeting/">How Do I Get My Spouse On Board With Budgeting?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Last month, we paid off our $400,000 home in just under 4 years. It took a lot of diligence, patience and teamwork between my lovely bride and I, but we’re proud to check this important family milestone off our list at 35 years old. paid off our $400,000 home in just under 4 years.
It took a lot of diligence, patience and teamwork between my lovely bride and I, but we’re proud to check this important family milestone off our list at 35 years old.
We spent some time celebrating this fun moment in our lives this weekend. Instead of burning the mortgage, my wife Nicole had a really great idea. We put together a paper mache piñata out of the mortgage documents. 
After the Mortgage Piñata was ready, we let our kids and our friend’s kids hit it with a bat until it burst with candy, toys and quarters. The kids had a blast.
It was an awesome metaphor actually; if we destroy our mortgage, we get rewarded!
After our kids came down from their sugar high and went to bed, Nicole and I had a chance to review our budget for December. This is the first time we’ve done our budget together in the last 7 years where we didn’t have a mortgage payment anymore. It was nuts! This month, we had an additional $2,300 to play with.
We have to be careful that we don’t just upgrade our lives immediately. Yes, we’ll vacation more and Nicole will finally get to decorate her house after waiting 4 long years. We also need to start saving for real estate and investing so we continue building wealth and permanently change our family tree.
And we’ll be able to do this in large part to our monthly budget parties. Nicole, thank you for keeping this party going 7 years later!
Coincidently enough, I received a question on Twitter about the very subject of budgeting with your spouse.
Q&Andy:  How Do I Get My Spouse On Board with Budgeting?
MARK:  
Hey Andy!
I found your article on finances due to fatherhood really moving and pertinent. I’m new to learning about FI and listen to a lot of podcasts related to it. Yours is going on my list. 
As a 28-year-old married man who will have another mouth to feed by this time next year, is there anything you can share with me beyond the articles? Any budgeting goals or ideas? I love the idea of the budgeting parties but my wife doesn’t care much about finances. She has a “We have enough to pay bills and live decently, so why make a budget” mentality; or that budgets are set in stone and don’t allow for flexibility. Any insight or advice is appreciated.
Thanks!
Great question Mark!
I’m so glad to hear you’re enjoying the site and you’re jumping into the podcast.
This is an extremely common question that I get a lot. One spouse gets all jacked up about saving, investing and building wealth and the other is sort of … meh.
via GIPHY
While I know very little about the dynamic of your relationship with your wife, I do know how things worked out between my wife and I in the beginning when we started budgeting together.
I’ll throw out 3 suggestions from my personal experience that will hopefully help you:
1. Speak With Your Wife FIRST About the Benefits of FI Instead of the Process
It sounds like both of you and your wife are currently working. Eventually she may want to stay at home with your new baby (or babies for that matter!). Getting on a budget, pursuing an FI lifestyle will help you achieve goals like that.
]]>
Andy Hill 28:16 2675
Protect Your Family With Hassle-Free Term Life Insurance – with Jeremy Hallett https://www.marriagekidsandmoney.com/058-why-life-insurance-is-for-the-living/ Mon, 27 Nov 2017 07:13:13 +0000 http://www.marriagekidsandmoney.com/?p=2613 <p>Last month at a dinner in Dallas, I met Jeremy Hallett who is the founder of Quotacy. We chatted about his new company being a hassle-free resource for life insurance. He let me know that their big goal is to protect 1,000,000 families by getting them set up with affordable term life insurance. Evidently, there … <a href="https://www.marriagekidsandmoney.com/058-why-life-insurance-is-for-the-living/" class="more-link">Continue reading<span class="screen-reader-text"> "Protect Your Family With Hassle-Free Term Life Insurance – with Jeremy Hallett"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/058-why-life-insurance-is-for-the-living/">Protect Your Family With Hassle-Free Term Life Insurance – with Jeremy Hallett</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Last month at a dinner in Dallas, I met Jeremy Hallett who is the founder of Quotacy. We chatted about his new company being a hassle-free resource for life insurance. He let me know that their big goal is to protect 1,000, Quotacy. We chatted about his new company being a hassle-free resource for life insurance. He let me know that their big goal is to protect 1,000,000 families by getting them set up with affordable term life insurance.
Evidently, there are over 10 million people who want to buy life insurance, but the old-school process that’s out there is so freaking complicated that they’ve just given up. Jeremy and Quotacy are on a mission to break down the complications, keep the communication process simple and remove the uncomfortable icky sales process involved in traditional insurance sales. 
About Our Guest:  Jeremy Hallett
Jeremy loves challenges and tries to change the world with one kindness at a time. Why? He believes in the butterfly principle, that no one knows which of their actions will have an impact on large parts of the world.
Often small kindnesses seem trivial, but he trusts that every now and then a kindness that we give to someone makes a much greater difference. He believes this principle serves us well. At Quotacy, Jeremy’s role is to envision a 21st century company where every client is given the opportunity to quote without paying by way of personal information and the buying process is thoughtful and caring.
What are we covering today?
Jeremy and I review:

* Why people need life insurance
* How Quotacy is different from other partners out there
* Why some coverage is better than no coverage

If you don’t have life insurance in place, take a listen to today’s show. We’re covering all of the important ins-and-outs of term life insurance and how it’s an easy way to protect your family today.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

Money Master of the Week
Congratulations to Felicity for starting a $20,000 Donor Advised Fund recently! She and her husband are supporting the charities they trust and love in one of the most tax-advantageous ways possible.

Felicity is the Money Master of the Week!
Outside of supporting charities she loves, Felicity is a personal finance blogger living in the Boston area with her husband and her golden retriever Fluffster.
Follow Felicity’s journey to financial independence at Fetching Financial Freedom.
If you have a financial victory you want to share on this show, please contact me with the details. Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
(The resources below may provide me a commission that will support the management of this site and podcast – thanks!)
Quotacy’s Resources
Get a Quote Today
How much Life Insurance Do I Need?  Use this Calculator. 
MKM Resources
Create Your Last Will and Testament in 6 Easy Steps
Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:

* Leave a review for the show on  43:01 2613
Creating Multiple Income Streams to Eliminate $100k of Debt – with J from Millennial Boss https://www.marriagekidsandmoney.com/creating-multiple-income-streams-to-eliminate-100k-in-debt/ Mon, 20 Nov 2017 07:13:43 +0000 http://www.marriagekidsandmoney.com/?p=2537 <p>Earlier this week, I caught up with J from Millennial Boss. This 28 year-old working professional / entrepreneur sets huge goals for herself and crushes them. J was dealing with around $100,000 in debt from student loans, credit cards and a new car. Through creating multiple sources of income for herself, she was able to … <a href="https://www.marriagekidsandmoney.com/creating-multiple-income-streams-to-eliminate-100k-in-debt/" class="more-link">Continue reading<span class="screen-reader-text"> "Creating Multiple Income Streams to Eliminate $100k of Debt – with J from Millennial Boss"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/creating-multiple-income-streams-to-eliminate-100k-in-debt/">Creating Multiple Income Streams to Eliminate $100k of Debt – with J from Millennial Boss</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Earlier this week, I caught up with J from Millennial Boss. This 28 year-old working professional / entrepreneur sets huge goals for herself and crushes them. J was dealing with around $100,000 in debt from student loans, credit cards and a new car. Her next big goal is to become a millionaire by 30 … Yes. Not a typo. 30.
About Our Guest:  J from Millennial Boss
By day, J is a trailblazing tech industry professional in the pacific northwest.
By night, she runs at Etsy store, a blog, a podcast and is always on the look out for her newest opportunity to diversify and grow her income.
She also loves her dog, secretly wants to be a mountain woman and can’t decide whether she wants to travel indefinitely or be a homebody.
What are we covering today?
J and I discuss:

* How she accumulated $100k in debt
* What income streams she used to crush the mountain of debt in 18 months
* Her ambitious goals for becoming a millionaire by 30

The secret to millionaire success is no secret. It’s all about eliminating your high-interest debts and creating multiple sources of income. If you want to make more money and become a future millionaire like J will, you will not want to miss this conversation. She’s inspiring and she’s making it happen.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON 
ITUNESGOOGLE PLAY OR STITCHER.

Money Master of the Week
Congratulations to Revanche for recently negotiating a 6-Figure Salary with her employer. She’s an inspiration for those of us who work hard at our 9-5 to ask for what we deserve!

Revanche is the Money Master of the Week!
This money-managing, 30-something, professional, “geek” living in the Bay Area is blogging over at A Gai Shan Life. Check her out!
If you have a financial victory you want to share on this show, please contact me with the details. Your story will inspire others to save more, make more and plan for their family’s future.

Show Resources
(The resources below may provide me a commission that will support the management of this site and podcast – thanks!)
How to Start a WordPress Blog in 10 Easy Steps
J’S RESOURCES
RECOMMENDED BOOK:  4-Hour Work Week by Tim Ferriss


J’S BLOG:  MillennialBoss.com
J’S PODCAST:  FIRE Drill Podcast
Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:

* Leave a review for the show on iTunes or Stitcher
* Leave a comment below
]]> Andy Hill 35:28 2537 Control Your Money to Control Your Life – with Peter Polson https://www.marriagekidsandmoney.com/056-control-your-money-control-your-life/ Mon, 13 Nov 2017 07:13:47 +0000 http://www.marriagekidsandmoney.com/?p=2480 <p>On a train to downtown Dallas for FinCon17, I randomly caught up with the Founder of Tiller, Peter Polson. Tiller is a customizable money management tool that harnesses the power of Google Sheets. Peter and I had an inspiring chat about family, business and how his company is helping people control their money and, in turn, … <a href="https://www.marriagekidsandmoney.com/056-control-your-money-control-your-life/" class="more-link">Continue reading<span class="screen-reader-text"> "Control Your Money to Control Your Life – with Peter Polson"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/056-control-your-money-control-your-life/">Control Your Money to Control Your Life – with Peter Polson</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> On a train to downtown Dallas for FinCon17, I randomly caught up with the Founder of Tiller, Peter Polson. Tiller is a customizable money management tool that harnesses the power of Google Sheets. Peter and I had an inspiring chat about family, About Our Guest:  Peter Polson
Peter loves designing great products and creating tools and systems that help people live better lives.
He was a founder and president of Junxion (acquired by Sierra Wireless) and later CEO at Dashwire (acquired by HTC). He enjoys most activities around mountains and water, especially skiing and hiking with his family. His kids gasp in amazement at the pennies he can magically pull out of their ears.
What are we covering today?
Peter and I discuss:

* The importance of monthly budgeting
* How consistent money management gives you control of your life
* Why Tiller might be the right budgeting solution for you

If you’ve been listening to this show for a while, you know that I attribute the majority of our family’s financial success to our monthly “budget parties”. It’s no surprise I was interested in chatting with someone who feels the same way. Peter’s a family man, a financial success and he’s followed his passion to help other families win with their money. 
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

Money Master of the Week
Congratulations to Mr. Jamie Griffin for paying off $73,000 in student loan debt in just under 4 years. What an incredible feat!

Mr. Jamie Griffin is the Money Master of the Week!
Learn more about Jamie and his wife’s journey to student debt freedom.
If you have a financial victory you want to share on this show, please contact me with the details. Your story will inspire others to save more, make more and protect their family’s future.

Show Resources
(*The resources below may provide me a commission that will support the management of this site and podcast – thanks!)
How to Start a WordPress Blog in 10 Easy Steps
PeteR’s Resources
30-Day Free Trial of Tiller
Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:

* Leave a review for the show on iTunes or Stitcher
* Leave a comment below
* Check out my Recommended Resources Page
* Subscribe to the show on iTunes,  30:35 2480
Money Plans After the Mortgage is Paid Off? https://www.marriagekidsandmoney.com/money-plans-after-the-mortgage-is-paid-off/ Mon, 06 Nov 2017 07:13:42 +0000 http://www.marriagekidsandmoney.com/?p=2362 <p>Last week, Nicole and I made a really FUN phone call. We reached out to our mortgage company and said that we’re ready to pay off our 15-year loan. It was awesome! I honestly can’t believe we’re here! After 4 years of extra payments and me repeatedly telling my patient wife the monthly balance … … <a href="https://www.marriagekidsandmoney.com/money-plans-after-the-mortgage-is-paid-off/" class="more-link">Continue reading<span class="screen-reader-text"> "Money Plans After the Mortgage is Paid Off?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/money-plans-after-the-mortgage-is-paid-off/">Money Plans After the Mortgage is Paid Off?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Last week, Nicole and I made a really FUN phone call. We reached out to our mortgage company and said that we’re ready to pay off our 15-year loan. It was awesome! I honestly can’t believe we’re here! After 4 years of extra payments and me repeatedly t... I honestly can’t believe we’re here! After 4 years of extra payments and me repeatedly telling my patient wife the monthly balance … our day has come!
On the call with the mortgage company I was thinking, “They’re going to tell me that I can’t pay it off for some reason. There’s going to be some sort of legal fine print that I didn’t read correctly.” Nope, it was a very nice woman who walked us through the process.
She told us that we’re going to receive a letter in the mail next week. Once the letter comes in, we’ll need to get a certified check from our bank and pay a $30 processing fee and then … NO MORE MORTGAGE!
via GIPHY
I appreciate the encouragement we’ve received through the blog and the questions we’ve received as well. In fact, I wanted to highlight one of those questions right now. This one comes from Melissa …
Q&Andy: Post Mortgage Money Plans
MELISSA:  Hey Andy, I really enjoy the show and your blog. You talk a lot about paying off your mortgage and I think that’s great. I’m in a Dave Ramsey Group that talks about baby steps 6-7 and beyond. What are your plans for your extra cash when the mortgage is gone?
Great question Melissa – Thank you!
We actually haven’t thought about it much lately. We’ve just been so focused on paying it down that we haven’t really hammered out what our life after the mortgage really looks like.
Your question gave me a good jolt! Thank you. I dove through the numbers yesterday and we’ll have about $35,000 extra next year to allocate accordingly. 
Here’s how we’re thinking of breaking it down (and surely this plan will change 100 times in the next few months, but nevertheless, here we go):
1. Family Vacations ($3,000)
Although we’re taking advantage of credit card rewards heavily for our vacations next year, we’ll still be increasing our spending overall.
We’re planning a Disney vacation in the Spring right around Calvin’s 4th birthday. (Please email me and tell me if we’re nuts for taking a 4-year-old to Disney – too early?)
My parents are celebrating their 50th wedding anniversary next year! We’ll be joining them in December somewhere warm and tropical to escape our Michigan winter and make some great memories.
($35,000 – $3,000 = $32,000)
2. Tax Favored Savings ($6,000)
Since we’ve been maxing out our Roth IRAs and my 401k at work, it is time to take advantage of the next tax-favored savings strategy: the HSA.
An Health Savings Account (HSA) will help us save for future medical expenses and further protect our family. If for some reason our family doesn’t need all of the money we’ve saved in the HSA for medical expenses, it can be withdrawn at age 59.5 penalty free. It’s like a secret 401k!
($32,000 – $6,000 = $26,000)
3. Rental Property ($20,000)
Over the past year, I’ve been reading a lot of real estate investing books and interviewing a series of experts on the podcast all with the goal of increasing my knowledge in real estate.
Nicole and I are excited about 26:44 2362 Getting Financially Naked Before Marriage – with Erin Lowry https://www.marriagekidsandmoney.com/054-getting-financially-naked-before-marriage/ Mon, 30 Oct 2017 07:13:27 +0000 http://www.marriagekidsandmoney.com/?p=2294 <p>From the expo floor of FinCon17, I’m speaking with Award Winning Personal Finance Author Erin Lowry about her new book Broke Millennial. Her goal is to help young adults to stop acting rich and get their financial life together. One of the major topics in the book is getting financially naked with your partner before … <a href="https://www.marriagekidsandmoney.com/054-getting-financially-naked-before-marriage/" class="more-link">Continue reading<span class="screen-reader-text"> "Getting Financially Naked Before Marriage – with Erin Lowry"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/054-getting-financially-naked-before-marriage/">Getting Financially Naked Before Marriage – with Erin Lowry</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> From the expo floor of FinCon17, I’m speaking with Award Winning Personal Finance Author Erin Lowry about her new book Broke Millennial. Her goal is to help young adults to stop acting rich and get their financial life together.

From the expo floor of FinCon17, I’m speaking with Award Winning Personal Finance Author Erin Lowry about her new book Broke Millennial. Her goal is to help young adults to stop acting rich and get their financial life together.
One of the major topics in the book is getting financially naked with your partner before marriage. Given the importance of this crucial money conversation, Erin and I intently focus on that topic during our chat today. 
About Our Guest
Erin Lowry helps millennials get their financial life together through advice on her blog, her book, lectures, and workshops.
She gives practical advice so her audience can navigate the pesky (but important) money questions on their minds.
Just this past week, Erin received two Plutus Awards (the Best in Personal Finance) for her work on BrokeMillennial.com and her book “Broke Millennial”. 
What are we covering today?
Erin and I chat about:

* Why it’s important to be financially transparent before marriage
* The steps in the process of getting financially naked
* How the process went for Erin and her Fiancé

If you are considering engagement or know someone who is getting close, you will not want to miss this conversation with Erin Lowry.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON 
ITUNESGOOGLE PLAY OR STITCHER.
 Show Resources
(*The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
Bluehost Web Hosting – 50% off with this link

Erin’s RESOURCES
ERIN’S BOOK:  Broke Millennial



RECOMMENDED BOOK:  Personal Finance in your 20’s for Dummies



Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:

* Leave a review for the show on iTunes or Stitcher
* Leave a comment below
* Check out my Recommended Resources Page
* Subscribe to the show on iTunes, Google Play or Stitcher

I truly appreciate the support everyone!
Questions?
I’d love to hear from you!
Connect with me on  32:02 2294 Creating a Profitable and Fulfilling Online Business Based on Fatherhood – with Larry Hagner https://www.marriagekidsandmoney.com/mkm053-creating-a-profitable-and-fulfilling-online-business/ Mon, 23 Oct 2017 07:13:58 +0000 http://www.marriagekidsandmoney.com/?p=2258 <p>Sometimes it feels like we have to choose between a career with a good salary or a career that’s personally gratifying. It’s rare that they two situations should ever met. But what if we could create our own business that is both profitable and fulfilling? Today, I’m excited to speak to a man who has … <a href="https://www.marriagekidsandmoney.com/mkm053-creating-a-profitable-and-fulfilling-online-business/" class="more-link">Continue reading<span class="screen-reader-text"> "Creating a Profitable and Fulfilling Online Business Based on Fatherhood – with Larry Hagner"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/mkm053-creating-a-profitable-and-fulfilling-online-business/">Creating a Profitable and Fulfilling Online Business Based on Fatherhood – with Larry Hagner</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Sometimes it feels like we have to choose between a career with a good salary or a career that’s personally gratifying. It’s rare that they two situations should ever met. But what if we could create our own business that is both profitable and fulfill... Today, I’m excited to speak to a man who has done it. He’s cracked the code.
Larry Hagner is an author, a speaker and the founder of the Good Dad Project – a community of men with a passion for becoming better fathers. 
I’ve been listening to the Good Dad Project Podcast and been an active member in Larry’s Facebook community for almost two years now. Since he’s now 7 months away from becoming financially independent and doing the Good Dad Project full-time, I had to learn how he got to where he is today.
How amazing would it be to develop a business that positively impacts people AND get paid well to do it!?! 
What are we covering today?
Larry and I chat about:

* How he came up with the Good Dad Project (or GDP)
* The impact that his “project” is having on real men every day
* His ability turn it into a profitable business to support his family of 6

If you’re interested in developing a business that improves your life and the lives of others, you will not want to miss this conversation with Larry. He has a smart business sense and overall, he’s just an inspiring guy.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON 
ITUNESGOOGLE PLAY OR STITCHER.
Show Resources
(*The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
Andy’s Top 5 Personal Finance Books
Free Audiobook with Audible
Larry’S RESOURCES
LARRY’S BOOK:  Dad’s Edge


RECOMMENDED BOOK:  Your Income, Your Life by Jeff Bouwman


RECOMMENDED BOOK: Freelance to Freedom by Vincent Pugliese


RECOMMENDED BOOK:  Unbeatable Mind by Mark Divine


LARRY’S WEBSITE:  Good Dad Project
Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:

* Leave a review for the show on iTunes or  56:11 2258 Planning Your Family’s Financial Legacy – with Cameron Hendricks https://www.marriagekidsandmoney.com/mkm052-planning-your-familys-financial-legacy/ Mon, 16 Oct 2017 07:13:07 +0000 http://www.marriagekidsandmoney.com/?p=2229 <p>Increasing your savings, making more money and amassing wealth can have a huge impact on your personal finances. Your wealth can allow you to buy things that bring you joy, experience incredible vacations and create more free time for yourself. For some people, building wealth isn’t just about personal enjoyment. It is about leaving a … <a href="https://www.marriagekidsandmoney.com/mkm052-planning-your-familys-financial-legacy/" class="more-link">Continue reading<span class="screen-reader-text"> "Planning Your Family’s Financial Legacy – with Cameron Hendricks"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/mkm052-planning-your-familys-financial-legacy/">Planning Your Family’s Financial Legacy – with Cameron Hendricks</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Increasing your savings, making more money and amassing wealth can have a huge impact on your personal finances. Your wealth can allow you to buy things that bring you joy, experience incredible vacations and create more free time for yourself. Nicole and I aren’t quite at the spot where our kid’s college savings is taken care of. We also don’t have an investment account set up for them when they reach adulthood, but we sure would love to some day. First, we want to make sure our retirement goals are set. As they say, there’s no such thing as retirement loans, but student loans ARE an option.
It is never too early to learn about the options we’ll have in the future for taking care of our children and building a strong legacy. After all, the theme of this podcast and blog is all about “Strengthening our Family Tree”. That way the Hill Family (and your families) can grow, prosper and hopefully leave the world a better place than when we found it.
On the show today, I’ve invited a family focused financial planner that is discussing smart tax efficient options for securing our family’s legacy. Cameron Hendricks is a Certified Financial Planner with an advisory firm called Financial Symmetry. He works with a variety of clients helping them secure a comfortable retirement and make plans for their family’s future.

He recently wrote a book called “Where Family & Finance Meet”. It focuses on how we can align our finances with our family values. 
What are we covering today?
Cameron and I discuss:

* How we can plan for our kids to go to college
* Why cash might be the worst gift for your kids
* What tax-efficient routes are available to leave the best legacy for our children

If you’re interested leaving a legacy for your children and don’t know some of the best ways out there, join us for the next 30 minutes. I learned a lot from Cameron and I know you will too.
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.
Show Resources
(*The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
Andy’s Top 5 Personal Finance Books
Free Audiobook with Audible
Cameron’S RESOURCES
CAMERON’S NEW BOOK: Where Family and Finance Meet


RECOMMENDED BOOK: The Behavior Gap by Carl Richards


RECOMMENDED BOOK:  clean 47:42 2229 Conquer Distraction at Work and at Home – with Curt Steinhorst https://www.marriagekidsandmoney.com/conquer-distraction-at-work-and-at-home/ Mon, 09 Oct 2017 07:13:32 +0000 http://www.marriagekidsandmoney.com/?p=2198 <p>Distraction can come in all different forms. It can be from unnecessary chit-chat with your colleagues at work, smart phone notifications or even being the “always on” parent.  The constant challenge of blocking out the “noise” and focusing on the most important task can sometimes feel impossible. Today, we’re going to conquer distraction together. The … <a href="https://www.marriagekidsandmoney.com/conquer-distraction-at-work-and-at-home/" class="more-link">Continue reading<span class="screen-reader-text"> "Conquer Distraction at Work and at Home – with Curt Steinhorst"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/conquer-distraction-at-work-and-at-home/">Conquer Distraction at Work and at Home – with Curt Steinhorst</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Distraction can come in all different forms. It can be from unnecessary chit-chat with your colleagues at work, smart phone notifications or even being the “always on” parent.  The constant challenge of blocking out the “noise” and focusing on the most... Today, we’re going to conquer distraction together. The goal for today’s episode is to help you win back your time, your attention and your focus.
I’ve invited a guest who is on a mission to rescue us from our distracted selves.  Workplace consultant and author Curt Steinhorst joins us on the podcast today to discuss his new book “
Can I Have Your Attention*?”. This new book focuses on inspiring better work habits and getting stuff done in a constantly connected workplace.
Outside of his writing and consulting work, Curt speaks more than 75 times a year to everyone from leadership associations and global non-profits to Fortune 100 companies. He’s also married with a 3-year-old and 1-year-old so if anyone knows a thing or two about maintaining focus and winning, it’s this guy.
Although Curt’s new book focuses a lot on improving your work life, Curt and I also chat about how we can battle distraction at home. Selfishly, the goal of that discussion was to learn how I can become a more focused father and thoughtful husband.
What are we covering today?
Curt and I chat about:

* Distraction at work
* Distraction at home
* How we can maintain focus in both places and conquer distraction

If you’re looking for ways to optimize your day, become more successful and win for your family, you will not want to miss today’s podcast. I felt motivated by my chat with Curt and I hope you will too.
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
(*The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
Andy’s Top 5 Personal Finance Books
Curt’s Resources
NEW BOOK:  Can I Have Your Attention? by Curt Steinhorst


BOARD GAME DU JOUR: Galaxy Trucker


FAVORITE BOOK:  The Social Animal by David Brooks


CONTACT CURT:  FocusWise.com or CurtSteinhorst.com
Support this Show
If you enjoyed this  clean 46:58 2198 Meet the Hill Family – Nicole, Zoey (5) and Calvin (3) https://www.marriagekidsandmoney.com/meet-the-hill-family-nicole-zoey-5-and-calvin-3/ Mon, 02 Oct 2017 07:13:26 +0000 http://www.marriagekidsandmoney.com/?p=2175 <p>We have reached a true milestone today my friends. Episode 50! FIVE-ZERO! That means for the last 50 weeks, this podcast has been focused on helping you and your family win with money. I’ve shared my personal victories, failures and reviewed our family’s goals for the future.  Additionally, I’ve interviewed over 30 experts and talked about all … <a href="https://www.marriagekidsandmoney.com/meet-the-hill-family-nicole-zoey-5-and-calvin-3/" class="more-link">Continue reading<span class="screen-reader-text"> "Meet the Hill Family – Nicole, Zoey (5) and Calvin (3)"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/meet-the-hill-family-nicole-zoey-5-and-calvin-3/">Meet the Hill Family – Nicole, Zoey (5) and Calvin (3)</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> We have reached a true milestone today my friends. Episode 50! FIVE-ZERO! That means for the last 50 weeks, this podcast has been focused on helping you and your family win with money. I’ve shared my personal victories,

We have reached a true milestone today my friends. Episode 50! FIVE-ZERO! That means for the last 50 weeks, this
podcast has been focused on helping you and your family win with money.
I’ve shared my personal victories, failures and reviewed our family’s goals for the future. 
Additionally, I’ve interviewed over 30 experts and talked about all things marriage, kids and money. Millionaire entrepreneurs, early retirees and personal finance experts have all spent time with us and helped us to strengthen our family trees.
Although my knowledge has expanded immensely over the last 50 sessions, it hasn’t just been me benefiting from this information. We’ve had over 25,000 downloads, 42 5-star iTunes reviews and I’ve received personal letters from people all over the country telling me how much they are enjoying this podcast. They’ve told me how the show is helping them win for their families. My favorite notes are the ones detailing how they are binge listening from episode 1 through episode 50. I’m so happy to hear people are enjoying this message of family empowerment.
I want to say 3 Thank You’s:

* Thank you to the 30+ experts that I’ve interviewed. Your time and knowledge is valuable. I appreciate you spending a half hour with me and the listeners of this show. 
* Thank you to the subscribers of this podcast, the folks in the Marriage, Kids and Money Community and the readers of my blog. Your support, advice and encouragement has allowed me to hit the 50 show mark with a smile.
* Thank you to my family – my wife Nicole, my daughter Zoey and my son Calvin. Your patience, support and love gives me the strength to pursue my passions. Don’t worry. I’ll always put family first.

Today on the show, I’m going to honor Nicole, Zoey and Calvin a little bit further. I’ve invited each of them to join me on the show today to discuss our relationship together and how we’re growing as a family.
These three are the reason I get up and work hard every day. They are my reason for being. They are my purpose.
What are we covering today?
After a quick chat with my daughter Zoey and son Calvin, I spend the most time speaking with my wife Nicole. In our interview, we discuss:

* Some of our early financial blunders
* How we learned from those mistakes and moved our family forward
* Our exciting plans for the future

These chats helped me to think more intently about how I can be a better Dad and husband. I’m hoping there will be a few nuggets in these chats that you can take home to your families.
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
How We Paid Off $48,132 of Debt in 1 Year
15-Year Mortgage Paid off in 5 Years
Support this Show
]]> Andy Hill clean 56:54 2175 Simplify Your Marriage and Finances with a Budget – with HoneyFi https://www.marriagekidsandmoney.com/simplify-your-marriage-and-finances-with-a-budget/ Mon, 25 Sep 2017 07:13:19 +0000 http://www.marriagekidsandmoney.com/?p=2138 <p>Marriage is a beautiful thing. You get a best friend for life that loves you, laughs at your bad jokes and tells you when you have one of those stray hairs in your nose. Your spouse is your friend, your partner-in-crime and that person who simply tells you like it is. It’s all in the … <a href="https://www.marriagekidsandmoney.com/simplify-your-marriage-and-finances-with-a-budget/" class="more-link">Continue reading<span class="screen-reader-text"> "Simplify Your Marriage and Finances with a Budget – with HoneyFi"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/simplify-your-marriage-and-finances-with-a-budget/">Simplify Your Marriage and Finances with a Budget – with HoneyFi</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Marriage is a beautiful thing. You get a best friend for life that loves you, laughs at your bad jokes and tells you when you have one of those stray hairs in your nose. Your spouse is your friend, your partner-in-crime and that person who simply tells... Your spouse is your friend, your partner-in-crime and that person who simply tells you like it is. It’s all in the vows, right? You’re supported in good times and bad, in sickness and health, for all our days on earth.
Does all this lovey-dovey, schmoopie talk mean that we agree on everything too?
via GIPHY
Of course not – especially when it comes to money!
That is why a lot of families (including ours) work together to develop cash flow plans (or budgets) each month. My wife Nicole and I dubbed our get together the “Budget Party”. We get together for a kid-free evening of planning, dreaming and number crunching on the 1st of each month. We review our spending from last month and plan out our spending for the next month. This helps us to come to an agreement on our financial direction before the month begins.

Related: Budget Your Way to Financial Freedom in 5 Easy Steps

When we started our monthly budget parties around 2011, we used excel. That worked fine for a while.
A couple of years later we jumped into Mint. That system had automated features that allowed our accounts to easily sync instead of manually loading in the results. That made Mint a clear winner over a traditional excel sheet. For the last 5+ years, we’ve been using Mint and loving it.
Today, we’re going to learn about a whole new budgeting app called Honeyfi.
Honeyfi
Like Mint, this app also has account syncing, but Honeyfi differentiates itself by focusing on the marriage dynamic. It’s a budgeting app specifically geared toward couples. Given my love for a good budget, I had to invite the founders of this new company on the show so we could nerd out about marriage and money.
Ramy Serageldin and Sam Schultz are two of the founders of Honeyfi. Both of these gentlemen have lived through the trials and tribulations of finding financial harmony in marriage. Knowing there is a need in this marital finance market, they came up with a solution.
What are we covering today?
Ramy, Sam and I discuss:

* How this company came together
* Why Honeyfi is the right app for couple’s who budget
* Why budgeting will help you find harmony in your marriage

I think this conversation will hit home for all the married folks out there. We all know discussing finances can be difficult. With the right tools, we can all have a healthy and wealthy marriage.
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
(The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
FREE Guidebook to Saving $1,000 Without Leaving Home: 3 Steps to a cool grand in your pocket. Enjoy!
Honeyfi
clean 44:39 2138
Superpower Advantages of ADHD – with Peter Shankman https://www.marriagekidsandmoney.com/superpower-advantages-of-adhd/ Mon, 18 Sep 2017 07:13:42 +0000 http://www.marriagekidsandmoney.com/?p=2116 <p>Each day we’re on this earth, we get a fresh opportunity to learn something new. We can learn a new skill, absorb new knowledge or improve our understanding about complex topics. With my podcast interview this week focused on ADHD, I feel like I learned in all three of these areas. In the past, whenever … <a href="https://www.marriagekidsandmoney.com/superpower-advantages-of-adhd/" class="more-link">Continue reading<span class="screen-reader-text"> "Superpower Advantages of ADHD – with Peter Shankman"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/superpower-advantages-of-adhd/">Superpower Advantages of ADHD – with Peter Shankman</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Each day we’re on this earth, we get a fresh opportunity to learn something new. We can learn a new skill, absorb new knowledge or improve our understanding about complex topics. With my podcast interview this week focused on ADHD, In the past, whenever I had heard of someone with ADHD, I thought, “Man, that must be difficult to live like that.” Not having the ability to focus intently and carry through everyday tasks would make life pretty frustrating. Now those things can be true of people with ADHD, but my mindset was in the wrong place. I was thinking of the negatives of ADHD and not the positives.
There are people in this world that have taken their ADHD and not only conquered it, but used it to their advantage. They’ve taken the negative connotation of the word “diagnosis” and replaced it with the word “superpower”.

Related:  
How to Become a Millionaire by 30

Here’s a short list of extremely successful individuals who have ADHD:

* Richard Branson, Billionaire Business Icon
* Tony Robbins, Life and Business Strategist
* Seth Godin, Best Selling Author
* Jim Carrey, Award Winning Actor and Comedian
* Simon Biles, Olympic Gold Medalist

Heard of anyone of those folks?! Yeah, me too.
The list literally goes on and on. Today, I’m going to add one more superstar to that list: Peter Shankman.

Peter Shankman is a successful serial entrepreneur who started HARO (Help A Reporter Out) and many other businesses. He is also a Best-Selling Author, Keynote Speaker, Podcast Host, Ironman Triathlete, Skydiving Instructor and Father to his 4-year old girl.
As an ADHD awareness advocate, Peter truly believes that ADHD isn’t a diagnosis, it’s a gift. He has a new book coming out in October that shows how he and others with ADHD can be “Faster Than Normal”.
What are we covering today?
Peter and I chat about:

* Why he feels so strongly about the positive side of ADHD
* How he has harnessed those positive effects in his life
* Ways we can ALL become more productive

If you know someone with ADHD or you simply want to learn to get the most out of your life, you will not want to miss this interview. This one is fast-paced, exciting and jam-packed full of productivity – perfect for the busy parent trying to make their family’s lives better.
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
(The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
FREE Guidebook to Saving $1,000 Without Leaving Home: 3 Steps to a cool grand in your pocket. Enjoy!
Faster Than Normal:  Peter’s Newest Book


Zombie Loyalists:  Using Great Service to Create Rabid Fans
]]> Andy Hill 37:08 2116 How Much Should I Tip? https://www.marriagekidsandmoney.com/how-much-should-i-tip/ Mon, 11 Sep 2017 07:13:58 +0000 http://www.marriagekidsandmoney.com/?p=2097 <p>Have you ever walked into a Starbucks and seen that tip jar on the front counter and wondered, “How much should I tip? Or do I even need to tip at all?” Or have you ordered food to your house and the delivery person comes to the door and you think, “What’s a good tip … <a href="https://www.marriagekidsandmoney.com/how-much-should-i-tip/" class="more-link">Continue reading<span class="screen-reader-text"> "How Much Should I Tip?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-much-should-i-tip/">How Much Should I Tip?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Have you ever walked into a Starbucks and seen that tip jar on the front counter and wondered, “How much should I tip? Or do I even need to tip at all?” Or have you ordered food to your house and the delivery person comes to the door and you think, Or have you ordered food to your house and the delivery person comes to the door and you think, “What’s a good tip for this person?”
I’ve been thinking about these tipping conundrums for a while now. I’ve had some fun debates with my wife and my friends about what is “the right amount” to tip. I’ve always wanted to be the generous person that is tips well, but I have had no basis for what’s typical or what’s the correct etiquette.
In my mission to educate myself in all things financial, I decided to talk to some experts on tipping. This way, I could create a tipping guide for myself (and of course you all) that I can use going forward.
On today’s show, we’re going to do 3 things …

* We’re going to hear from Modern Etiquette Expert, Maggie Oldham. With her professional background in etiquette, she’s going to tell us how to tip in modern society.
* Matt Schultz from CreditCards.com will share some survey results on how people in 2017 are actually tipping.
* I’m going to share my thoughts on how I’ll be tipping going forward following these interviews.

Click the play button above or listen on iTunesGoogle Play or Stitcher.
Our Tipping Experts
Maggie Oldham

Modern Etiquette Coach, Maggie Oldham, has been featured in People Magazine, Fox News, CBS and many other major news outlets. She specializes in helping people live classy, confident and successful lives. Today we’re asking Maggie about how we can be classy, confident and successful with our tipping. She’s going to tell us what “Modern Etiquette” says about tipping in 2017.
matt schulz

Senior Industry Analyst from CreditCards.com, Matt Schulz is sharing the results of a US-based survey highlighting our country’s tipping habits. He and his team analyzed demographic data like gender, political affiliation and geographic locations as well as various areas of tipping such as restaurants, coffee shops and hair salons.
Andy’s Tipping Plans
After my interviews with Maggie and Matt and a little bit more soul-searching, I developed a tipping cheat sheet below. I’ll be using this handy-dandy list going forward for all of my tipping questions. Here it is!
Food Service

* Sit Down Restaurants:  20%
* Food Delivery (Pizza, Sandwiches, etc):  20% (rounded to the next dollar)
* Coffee Shop, Sandwich Shop and any other Fast Casual Place: No tip, just a smile and thanks (if I’m a regular, I’ll drop a dollar every once in a while)
* Larger Catering Orders Picked Up: 10%

Travel

* Curb Side Check In:  $1-2 / bag
* Transportation from Airport:  10%
* Shuttle / Van to Hotel:  $1-2 / bag
* Host at Hotel Opening Door:  No tip, just a smile and thanks
* Porter Bringing Bags to Room:  $1-2 / bag (if utilized)
* Housekeeping:  $2-3 / day
* Valet:  $3-$5 / car
* Concierge:  $2-5 / request (if utilized)

All inclusive Travel

* Check with the hotel or your travel agent to see if gratuity is included – if it is, no need to tip.
* $20-$50 at the end of the week for individual staff members that made your trip extra special

Show Resources
FREE Guidebook to Saving $1,]]>
Andy Hill clean 57:34 2097
With My High Income, Why Can’t I Get Ahead? https://www.marriagekidsandmoney.com/qandy-why-cant-i-get-ahead/ Mon, 04 Sep 2017 07:13:45 +0000 http://www.marriagekidsandmoney.com/?p=2042 <p>From time to time, I receive questions from the Marriage, Kids and Money audience. I thought this week I’d shake up the show format a little bit by answering one of the questions I received recently about controlling expenses when we have a high income. Enjoy! Dear Andy, I saw Dave Ramsey live a couple … <a href="https://www.marriagekidsandmoney.com/qandy-why-cant-i-get-ahead/" class="more-link">Continue reading<span class="screen-reader-text"> "With My High Income, Why Can’t I Get Ahead?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/qandy-why-cant-i-get-ahead/">With My High Income, Why Can’t I Get Ahead?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> From time to time, I receive questions from the Marriage, Kids and Money audience. I thought this week I’d shake up the show format a little bit by answering one of the questions I received recently about controlling expenses when we have a high income...

Dear Andy,
I saw Dave Ramsey live a couple of years ago and it resonated with me. I began promptly to hack away at my debt and contribute 15% to my 401k. I  gross $8,000 a month before all the fun stuff comes out, including insurance, etc.

* $500 goes into a high yield savings (Currently, there is about $6,500 in that).
* $1425 is currently my mortgage payment.  Then we have all the normal bills, etc.
* The summer was a bit brutal on my budget as I spent $750 in 6 weeks on summer day care, plus $1,000 on a broken AC.

So given all that … My question is “How can I get ahead?” Maybe I just need patience?  
We’re planning on moving soon and I am already doing research on how I can find a safe place in a good school district. But I don’t want that to drive us further into the monthly mortgage hole.
Anyway, I hope I do not sound overly neurotic but I would love your input. 
Kind Regards,
Tina

First of all, congratulations on earning such an impressive income, Tina! That is awesome. You should be proud.
And
I’ve been in your position too. How could we be making all of this money and have nothing to show for it at the end of the month?! I’m familiar with this life conundrum.
When we’re feeling strapped, it’s usually an earning issue or a spending issue. Given that you’re making a solid income each month, I would say we should try to focus our efforts on the spending side today.
And don’t worry. A lot of people have themselves in a much more difficult financial situation. According to a new survey from CareerBuilder, 8 out of 10 Americans are living paycheck to paycheck. Given that you’re saving and investing consistently, you’re more financially savvy that 80% of the country! 
In an effort to reduce your financial stress, I have THREE AREAS that I’ll recommend to help you improve your money situation:  

* Budget and plan your monthly spending
* Save more of your hard-earned money
* Prepare for buying your next home

1. Budget Monthly
I’m not sure if you’re doing it already, but I would highly recommend living on a monthly budget going forward. I’m a big fan of Mint. My wife and I have used this program for the past 5 years and its changed the way we communicate, save and live. We have less money fights and we’ve been able to achieve our financial dreams a lot easier.
Whether it’s Mint, YNAB, Personal Capital or just a plain old excel sheet, if you’re able to outline the specifics of your cash flow each month, you’re gonna feel a lot less strapped.
2. Savings Opportunities
Let’s say you’ve now outlined everything in your monthly budget and the numbers are looking a bit tight. Again, you have two options – earn more or spend less. I’d say you’re earning a great amount of money. There’s always ways to increase your income, but let’s focus on potential savings opportunities.
I’m gonna go out a limb (with the help of the US Department of Labor) and say these are the three top spending areas in your...]]> Andy Hill clean 21:28 2042 Escape Student Debt, Build Wealth & Become Financially Independent – with Robert Farrington https://www.marriagekidsandmoney.com/escape-student-debt-build-wealth-become-financially-independent/ Mon, 28 Aug 2017 07:13:13 +0000 http://www.marriagekidsandmoney.com/?p=2027 <p>Reaching financial independence takes a whole lot of drive and determination. It definitely does not come to us overnight. There are difficult steps that we must take to earn the truly awesome rewards that come with owning our own time and choosing the direction of our day. One of those major milestone steps is escaping … <a href="https://www.marriagekidsandmoney.com/escape-student-debt-build-wealth-become-financially-independent/" class="more-link">Continue reading<span class="screen-reader-text"> "Escape Student Debt, Build Wealth & Become Financially Independent – with Robert Farrington"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/escape-student-debt-build-wealth-become-financially-independent/">Escape Student Debt, Build Wealth & Become Financially Independent – with Robert Farrington</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Reaching financial independence takes a whole lot of drive and determination. It definitely does not come to us overnight. There are difficult steps that we must take to earn the truly awesome rewards that come with owning our own time and choosing the... One of those major milestone steps is escaping the grips of student loan debt.
Recently in the US, Student Loan Debt exceeded credit card debt and surpassed the $1 Trillion mark for the first time. In our great state of Michigan, the average student loan total is around $35,000. When you’re barely making that much as your starting salary, eliminating those loans can seem like a constant uphill battle.

Related:  How We Paid Off $48,132 in Debt in One Year

Fear not my friends, there is a way to win this war. And we will all be victorious, happy and wealthy.  
Today, we’re speaking with Robert Farrington who’s taken his $42,000 of student loans and crushed them into nothing. Not only did he erase his debts from existence, he got so excited about his success that he wanted more financial victories in his life. 
Robert founded a business called The College Investor which focuses on escaping student loan debt and building real wealth. His ability to eliminate his student loans and grow that business has allowed him reach financial independence at the young age of 32. The beauty of Robert’s story is that he is now dedicating his life to coaching others to crush debt, save, invest for the future and build businesses just like he did.
What are we covering today?
Robert and I discuss:

* His motivations for starting The College Investor
* How others can eliminate student loan debt from their lives
* Robert’s strategies for building real wealth and achieving financial freedom

If you’re excited about reaching financial independence and you want to know the steps to get there, listen to today’s interview with Robert Farrington. He provides actionable advice that will get you and your family headed in the right financial direction.
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
(The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
Start your blog today (for 50% off). Trust me. It’s fun.
Robert Farrington’s Recommended Books




Student Loan Refinancing Services
Credible
SoFi
Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:

* Leave a comment below
* Connect on Twitter or Facebook
* Subscribe to the show on iTunes,  clean 37:27 2027
What is Universal Basic Income? https://www.marriagekidsandmoney.com/what-is-universal-basic-income/ Mon, 21 Aug 2017 07:13:22 +0000 http://www.marriagekidsandmoney.com/?p=2013 <p>The concept of Universal Basic Income has received a lot of news coverage lately. Icons of industry like Richard Branson, Mark Zuckerberg and Elon Musk have all voiced their support for this “social-security-for-all” type system. With the increases in automation and technology, billionaires like Musk say Universal Basic Income will become “necessary” given the mass … <a href="https://www.marriagekidsandmoney.com/what-is-universal-basic-income/" class="more-link">Continue reading<span class="screen-reader-text"> "What is Universal Basic Income?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/what-is-universal-basic-income/">What is Universal Basic Income?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> The concept of Universal Basic Income has received a lot of news coverage lately. Icons of industry like Richard Branson, Mark Zuckerberg and Elon Musk have all voiced their support for this “social-security-for-all” type system. necessary” given the mass unemployment in the near future.  
Around the world, locations like Finland, Namibia and even Hawaii are experimenting with a form of basic income. Alaska has had a similar system for over 30 years where Alaskans receive an annual dividend payment … just for being Alaskans.
Since I’m all about educating myself in all things financial, I figured I would take a deep dive into Universal Basic Income. That way I can actually form a thorough opinion on this highly debated topic.

Related in Education:  These 5 Books Will Skyrocket Your Net Worth

To get that education process started, I invited Scott Santens to join us on the podcast. Scott is a writer and advocate for basic income. He’s the moderator for the highly active Basic Income Community on Reddit. Suffice to say, he knows a thing or two about the subject.
What are we covering today?
Scott and I chat about:

* What Universal Basic Income is all about
* Why he feels it would be a smart change for the US
* The positive results from basic income experiments around the globe and in the US

If you’ve heard of Universal Basic Income, but don’t know all of the details, join me for today’s discussion. Educating ourselves when it comes to our taxes and government assistance programs like this will help us to be more informed Americans and better global citizens. As they say, knowledge is power.
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
(The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
Start your blog today (for 50% off). Trust me. It’s fun.
Books on Universal Basic Income




Basic Income Reddit Page
Scott Santens Website
For a Balanced View on Universal Basic Income … 

* Why a Universal Basic Income Is a Terrible Idea
* The Case Against Universal Basic Income

Support this Show
If you enjoyed this podcast episode, here are some excellent ways to support the show:

* Leave a comment below
* Connect on Twitter or Facebook
* Subscribe to the show on iTunes,  clean 55:30 2013 Building Legacy Wealth Through Rental Real Estate – with Clayton Morris https://www.marriagekidsandmoney.com/building-legacy-wealth-through-rental-real-estate/ Mon, 14 Aug 2017 07:13:16 +0000 http://www.marriagekidsandmoney.com/?p=1986 <p>There have been lots of discussions around the Hill House lately about investing in rental real estate. Both my wife Nicole and I feel like it would be an excellent way for us to build passive income and wealth for our family. It also sounds like a business we can do together. Nicole is excellent … <a href="https://www.marriagekidsandmoney.com/building-legacy-wealth-through-rental-real-estate/" class="more-link">Continue reading<span class="screen-reader-text"> "Building Legacy Wealth Through Rental Real Estate – with Clayton Morris"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/building-legacy-wealth-through-rental-real-estate/">Building Legacy Wealth Through Rental Real Estate – with Clayton Morris</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> There have been lots of discussions around the Hill House lately about investing in rental real estate. Both my wife Nicole and I feel like it would be an excellent way for us to build passive income and wealth for our family. It also sounds like a business we can do together. Nicole is excellent at making a house feel like a home and I’m a numbers nerd. We’d make a killer team.
Before we dive into such a huge endeavor, we want to do our best to educate ourselves so we’re as successful as possible. And success doesn’t just mean being profitable. It also means that we’ve set up a sustainable, scalable and enjoyable business for ourselves.
Part of that education process is reading and listening to books on real estate, meeting with friends who already investors and taking advantage of this awesome
podcast platform to interview some experts. 

Related:  How Do I Pay For My First Rental Property?

With education in mind, I invited Clayton Morris on the show today. You might recognize Clayton as the TV host from Fox & Friends, but today we’re discussing something completely different. Clayton started a real estate investment company with his wife Natali called Morris Invest. The company helps investors purchase properties, fix them up and manage them.
Clayton and Natali are real estate investors as well. Using the same “Freedom Number” formula Clayton shares on his website, the Morris’ have been able to build true legacy wealth for their family for generations to come.
What are we covering today?
Clayton and I discuss:

* What got him interested in rental real estate
* How he’s building wealth that he can pass down to his kids
* What steps we can all take to get started with buy-and-hold real estate

If you’re thinking that real estate may be solid passive income generator for your family, join me for today’s conversation. This chat confirmed for me that buy-and-hold rentals should be the next conquest for our family.
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
(The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
Start a blog today (for 50% off). Trust me. It’s fun.
Recommended Books from Clayton Morris

* CASHFLOW Quadrant by Robert Kiyosaki



Profit First by Mike Michalowicz


Morris Invest: Clayton’s real estate investment company
Support this Show
If you enjoyed this episode, here are some excellent ways to support the show:

* Leave a comment below
]]> Andy Hill clean 53:51 1986 Full-Time Sales to Brewing Ales: When Pursuing Your Passion Pays Off – with David Manson https://www.marriagekidsandmoney.com/full-time-sales-to-brewing-ales-when-pursuing-your-passion-pays-off/ Mon, 07 Aug 2017 07:13:45 +0000 http://www.marriagekidsandmoney.com/?p=1949 <p>Making the transition from a full-time career to a life of business ownership is not an easy road to travel. It takes courage, fortitude and a whole lot of passion for your new line of work. Entrepreneurial hours can be grueling and at times, the stress can weigh heavily on you and your family. If … <a href="https://www.marriagekidsandmoney.com/full-time-sales-to-brewing-ales-when-pursuing-your-passion-pays-off/" class="more-link">Continue reading<span class="screen-reader-text"> "Full-Time Sales to Brewing Ales: When Pursuing Your Passion Pays Off – with David Manson"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/full-time-sales-to-brewing-ales-when-pursuing-your-passion-pays-off/">Full-Time Sales to Brewing Ales: When Pursuing Your Passion Pays Off – with David Manson</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Making the transition from a full-time career to a life of business ownership is not an easy road to travel. It takes courage, fortitude and a whole lot of passion for your new line of work. Entrepreneurial hours can be grueling and at times, Entrepreneurial hours can be grueling and at times, the stress can weigh heavily on you and your family. If you’re able to successfully run this new business gauntlet, in the end you’ll have created something that you’re truly proud of. The “work” you’ll do every day will be personally fulfilling and overall, you may just have a happier life.
For the last 8 years, I’ve been able to watch this entire entrepreneurial process from the sidelines. My brother-in-law, David Manson, is the Co-Founder and Ambassador of Fermentology at Blackrocks Brewery based in Marquette, Michigan.
In his former life, David had a full-time job in pharmaceutical sales. It was a career like most of us have. It helped him create a living for his family of five, but it wasn’t something he was passionate about.
During the great recession and a downturn in the pharma business, David and his business partner Andy Langlois both lost their full-time jobs. Instead of looking for another 9-5, they decided to turn their hobby of brewing beer in the basement into a real money-making business. They knew the hours would be long, the path to success would be turbulent, but they went for it for anyway!

Related Entrepreneurial Story: How to Become a Millionaire by 30

In 2010, they bought an old house which they converted into a brew pub. On the first night they opened for business, they drew such a large and thirsty crowd that they sold out of all of their beer in the first night. Given that David and Andy had planned for a supply that would last them multiple weeks, they knew the had something exciting brewing.
The Blackrocks Brewery success continued from there …  
This brew pub has been serving tasty IPAs, stouts and pilsners to locals and tourists alike for the last 7 years. Blackrocks now distributes their canned craft beers throughout the entire state of Michigan and now most of Wisconsin as well. With twenty employees and coverage over two major Midwestern states, this independent brewery is a full fledged business that is truly supporting the local economy.
What are we covering today?
David and I chat about:

* How he transitioned from full-time employee to full-time employer
* What type of business he and his partner Andy want to have in the future
* Advice for budding entrepreneurs who are looking to make the small business plunge like he did

If you like stories about people who have followed their passion and won, you won’t want to miss this episode. David’s ability to pursue his passion, hone his craft and perfect his business is truly inspiring. As a guy who has been watching his journey from day one, I’ve can honestly say that I’ve been inspired the entire time.  
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
(The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)
US Legal Forms: Get your Will started today my friends!
David Manson’s Recommended Books for Brewers
clean 55:15 1949
How to Become a Millionaire by 30 – with Grant Sabatier https://www.marriagekidsandmoney.com/become-millionaire-30/ Mon, 31 Jul 2017 07:13:39 +0000 http://www.marriagekidsandmoney.com/?p=1907 <p>Billionaire Warren Buffett once said, “Never depend on a single income. Make investment to create a second source.” All of the entrepreneurs I’ve interviewed on my podcast (or really any other podcast for that matter) have taken Mr. Buffett’s words to heart. If you’re going to create some serious wealth for you and your family, diversifying … <a href="https://www.marriagekidsandmoney.com/become-millionaire-30/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Become a Millionaire by 30 – with Grant Sabatier"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/become-millionaire-30/">How to Become a Millionaire by 30 – with Grant Sabatier</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Billionaire Warren Buffett once said, “Never depend on a single income. Make investment to create a second source.” All of the entrepreneurs I’ve interviewed on my podcast (or really any other podcast for that matter) have taken Mr. All of the entrepreneurs I’ve interviewed on my podcast (or really any other podcast for that matter) have taken Mr. Buffett’s words to heart. If you’re going to create some serious wealth for you and your family, diversifying your income streams is the key to success.
Saving and long-term investing are crucial pieces to the wealth building puzzle as well. That being said, the puzzle for financial independence can be put together a whole lot faster when you increase your income. 
We’re living in one of the most opportune times to become an entrepreneur. The availability of free, helpful and actionable information has never been easier than it is today. Books, podcasts, YouTube … I mean you can literally learn anything you want. As an example, I learned how to create a podcast from watching a few hours of free YouTube videos

Related: 5 Books to Inspire the Entrepreneur Inside You

With all of this great information out there, I believe everyone has the ability to become a successful entrepreneur and increase their income. We just have to hustle and we have to be hungry.
To throw some gas on the income generating fire we’ve created here, I’ve invited Grant Sabatier from Millennial Money on the show today. Grant is the epitome of entrepreneurial success.
When he was 24 years old, Grant only had $2.26 to his name. Before his 30th birthday, he became a millionaire.
Grant’s business ventures, his ability to invest at a young age and his understanding of Mr. Buffett’s philosophy that we can’t live on a single income source have allowed him to create a very comfortable life for himself and his new bride. His zero to millionaire hero story has been featured on NPR, MSNBC, the Chicago Tribune and Penguin Random House will now be publishing his first book.
What are we covering today?
Grant and I discuss:

* How he created massive income for himself through entrepreneurship
* Why investing was early so helpful in becoming a millionaire 
* How you can get started on your entrepreneurial journey

If you are interested in learning how you can increase your income to get more out of life, join me for this conversation. You will not be disappointed. 
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
(These links provide me with a commission that supports this show – Thank you!)
US Legal Forms: Get your Will started today my friends!

Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the Marriage, Kids and Money Podcast:

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]]> Andy Hill clean 36:25 1907 Building a Six Figure Conference from Scratch – with Philip Taylor https://www.marriagekidsandmoney.com/building-a-six-figure-conference-from-scratch/ Mon, 24 Jul 2017 07:13:54 +0000 http://www.marriagekidsandmoney.com/?p=1872 <p>This fall, I’m attending a conference called FinCon. This 3-day event focuses on the business of personal finance media. Bloggers, vloggers and podcasters from all around the country come to grow their small business and learn how to provide the most value to their audience. Given that I’m slightly obsessed with personal finance, I am … <a href="https://www.marriagekidsandmoney.com/building-a-six-figure-conference-from-scratch/" class="more-link">Continue reading<span class="screen-reader-text"> "Building a Six Figure Conference from Scratch – with Philip Taylor"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/building-a-six-figure-conference-from-scratch/">Building a Six Figure Conference from Scratch – with Philip Taylor</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> This fall, I’m attending a conference called FinCon. This 3-day event focuses on the business of personal finance media. Bloggers, vloggers and podcasters from all around the country come to grow their small business and learn how to provide the most v... FinCon. This 3-day event focuses on the business of personal finance media. Bloggers, vloggers and podcasters from all around the country come to grow their small business and learn how to provide the most value to their audience.
Given that I’m slightly obsessed with personal finance, I am pumped to attend this conference. I’ll be like a kid in a candy store jumping from session to session. I’ve never been to a personal finance focused event like this before but I’m feeling very excited my first experience.
Conferences, like FinCon, can be an excellent way to create a physical meeting place for all things associated with a brand, a message or a movement. Brand evangelists, passionate gurus and engaged followers all come together in one place to learn, grow and network with like-minded people.
Oh, and they can also be a lot of fun with drinks, parties, and live music!
via GIPHY
Starting a conference is no small task. In fact, it can take a lot of patience, time and capital to get it done right. But if you’re successful, not only can you create an impactful in-person event, you can create a profitable business for yourself as well.
I invited Philip Taylor (PT) to chat with us today about his adventures in building FinCon from the ground up. PT is an industry veteran having written for businesses and publications like US News and World Report, ING Direct and TurboTax. He’s been in the personal finance media industry for 10 years. Given that I’ve been in it for like 10 minutes, it was an honor to speak to PT about all things blogging, podcasting and, of course his baby, FinCon.
What are we covering today?
PT and I chat about:

* How FinCon started
* The steps he took to grow his conference from 250 people in 2011 to 1500 in 2017
* How he’s been able to turn this event into a six figure business

If you’re looking to start your own conference or you just like hearing entrepreneurial success stories, this conversation is for you.
Click the play button above or listen on iTunesGoogle Play or Stitcher.
Show Resources
US Legal Forms: Get your Will started today my friends! (This is an affiliate link that will support this show – Thank you!)
PT Money:  PT’s site with resources and his podcast Masters of Money
FinCon:  Learn about FinCon and purchase tickets
Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the Marriage, Kids and Money Podcast:

* Leave a comment below
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* Subscribe to the show on iTunes,  clean 45:45 1872
How to Travel to Disney for (nearly) Free – with Brad Barrett https://www.marriagekidsandmoney.com/how-to-travel-to-disney-for-free/ Mon, 17 Jul 2017 07:30:06 +0000 http://www.marriagekidsandmoney.com/?p=1852 <p>Six years ago, I decided to go credit card free. I had gone through Dave Ramsey’s Financial Peace University where the credit card was labeled as the enemy of financial freedom. Since Mr. Ramsey’s advice had helped me in so many other areas of my financial life, like paying off our debt and getting proper … <a href="https://www.marriagekidsandmoney.com/how-to-travel-to-disney-for-free/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Travel to Disney for (nearly) Free – with Brad Barrett"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-travel-to-disney-for-free/">How to Travel to Disney for (nearly) Free – with Brad Barrett</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Six years ago, I decided to go credit card free. I had gone through Dave Ramsey’s Financial Peace University where the credit card was labeled as the enemy of financial freedom. Since Mr. Ramsey’s advice had helped me in so many other areas of my finan... Financial Peace University where the credit card was labeled as the enemy of financial freedom. Since Mr. Ramsey’s advice had helped me in so many other areas of my financial life, like paying off our debt and getting proper insurance coverage, I thought avoiding credit cards completely was the smart way to go.
Last year, I decided that the concept of going credit card free was flawed. Or at least it wasn’t completely necessary for me. I know there are a lot of people out there that don’t have control over their spending when it comes to credit cards. That was never me before I got into Dave Ramsey’s teachings and it definitely isn’t me now.
I have always thought of myself as a disciplined saver and I’ve never carried a balance on my credit card. With that epiphany, I decided to get a credit card again. Not only did I have the discipline to own a credit card, I missed the points, the perks and the rewards!
I signed up for the Capital One Quicksilver card and for the last year, I’ve been receiving 1.5% cash back on all of my purchases. I’ve received almost $500 back just for my everyday spending. This is a nice perk for spending the same way that I would have spent with my debit card.
Related: My Credit Card Makes Me Happy
Free Travel through Credit Card Rewards
This additional cash back perk from Capital One sparked an interest in me. What other perks are out there that I’m not taking advantage of? I feel like I completely missed out on 5 years of points, rewards and experiences!
Given that my wife and I have a fond appreciation for travel and we don’t have endless dollars to spend, I thought to myself, “Could travel perks be our ticket to family fun without the big price tag?”
I reached out to an expert travel rewards guru named Brad Barrett and interviewed him about the fine art of travel hacking. Our conversation was so inspiring that I had to make it an episode for you all to enjoy. I learned so much in our 30-minute conversation!
In short, travel rewards or travel hacking is the process of signing up for credit cards and reaping the bonus offers for national and even global travel.
You need to be disciplined to be a part of a process like this. Spending more than you’d normally spend or carrying a balance on your credit cards will definitely NOT work with this type of program. With those type of financial shenanigans, you’ll lose this points game for sure.
Tracking your cards and spending responsibly is the key to success here. The upside is traveling with your family for free or nearly free (there can be some small unavoidable airline taxes included).
What are we covering today?
Brad and I discuss:

*

* Who this program is for
* The step-by-step process of travel hacking
* How you can travel with your family to Disney World for free



I guarantee that you’re going to be very intrigued by this conversation, but it might be a bit overwhelming. That’s okay. Listen to this show again if you need to and check out the show notes below for step-by-step instructions.
If you’re thinking about taking the kids to Disney or really anywhere else in the world and the thought of the cost has a choke hold on you, listen to today’s show. You may just get inspired!
Click the play button above or listen on iTunes, clean 46:01 1852 Mortgage 101: Rates, Rentals and the Great Recession – with Tony Gatliff https://www.marriagekidsandmoney.com/mortgage-101-rates-rentals-and-the-great-recession/ Mon, 10 Jul 2017 07:13:29 +0000 http://www.marriagekidsandmoney.com/?p=1817 <p>You have been persistent, you’ve become best friends with Zillow and your hard work has paid off. You have finally found your dream home. Now, it’s time for the important next step of choosing your mortgage. Some crucial questions start to pop into your head: Can we afford this home? What type of loan is … <a href="https://www.marriagekidsandmoney.com/mortgage-101-rates-rentals-and-the-great-recession/" class="more-link">Continue reading<span class="screen-reader-text"> "Mortgage 101: Rates, Rentals and the Great Recession – with Tony Gatliff"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/mortgage-101-rates-rentals-and-the-great-recession/">Mortgage 101: Rates, Rentals and the Great Recession – with Tony Gatliff</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> You have been persistent, you’ve become best friends with Zillow and your hard work has paid off. You have finally found your dream home. Now, it’s time for the important next step of choosing your mortgage. Some crucial questions start to pop into your head:

* Can we afford this home?
* What type of
loan is right for us?
* How do we get the best rate?

With all of the stresses of life, the home loan process can be overwhelming. That is why I stress that educating ourselves before we jump into big decisions (like buying a home) is our key to family financial success. (I sure wish I would have gotten more education before I bought my first home!)

Related: 5 Ways to Avoid Becoming House Rich and Cash Poor in a Seller’s Market

The other day I caught up with a long time friend of mine, Tony Gatliff, who is the Vice President of Mortgage Lending at BBMC Mortgage. After being in the industry for the last 15 years, it is safe to say that Tony is a mortgage expert.
With mortgages being an extremely important piece of the home buying puzzle, I decided to ask Tony to give us a solid background on the loan process.
What are we covering today?
Tony and I chat about:

* The differences and advantages of 15-year and 30-year mortgages
* The nitty gritty on interest rates
* A quick synopsis of the mortgage lending crisis we experienced from 2007-2010

If you’re considering buying a home now or in the near future, today’s interview is for you. Educating yourself on the lending process will set you up for success when buying your next home.
Click the play button above or listen on iTunes, Google Play or Stitcher.
Show Resources
(*The links below may provide me a commission that will support the management of this site and podcast – Thank you!)
US Legal Forms: Get your Will started today my friends!
Military Resource Radio: Tony’s Podcast
BBMC Mortgage Website
Tony’s Email: Tony “at” MilitaryResourceRadio.com
Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the Marriage, Kids and Money Podcast:

* Leave a comment below
* Connect on Twitter, Facebook or Pinterest
* Subscribe to the show on iTunes or Google Play
]]> Andy Hill clean 1817 How Are Your 2017 Goals Going? https://www.marriagekidsandmoney.com/how-are-your-2017-goals-going/ Mon, 03 Jul 2017 07:13:53 +0000 http://www.marriagekidsandmoney.com/?p=1775 <p>Tomorrow is the 241st anniversary of the United States of America declaring its independence from Great Britain. While I’m preparing to spend a fun family day filled with hot dogs, beers and fireworks, I remembered that I also made a declaration of my own at the beginning of the year about my goals for 2017. … <a href="https://www.marriagekidsandmoney.com/how-are-your-2017-goals-going/" class="more-link">Continue reading<span class="screen-reader-text"> "How Are Your 2017 Goals Going?"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-are-your-2017-goals-going/">How Are Your 2017 Goals Going?</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Tomorrow is the 241st anniversary of the United States of America declaring its independence from Great Britain. While I’m preparing to spend a fun family day filled with hot dogs, beers and fireworks, I remembered that I also made a declaration of my ... In December, I declared that I would do two things by the end of the year: Pay off my mortgage and run my first marathon. So where am I in my progress?
Pay Off the Mortgage

* In December 2016, we had a $52,952 balance on our mortgage.  
* Today, we have a $29,537 balance.
* By December 2017, we’ll have a $0 balance!

I’ve been battling with a little bit of “patience” lately. Officially, we have enough money in our bank account to pay this mortgage off today, but that would leave us with a one month emergency fund. That would not be a smart move for the Hill Family.
Nicole (my wife) has been my rock by calming me down and having me realize that paying this mortgage off in December is still an incredible feat.
I outlined our strategy for paying off this mortgage on this blog and it was picked up by Rockstar Finance, AOL Finance and recently Business Insider. Check it out below:
As mentioned in the article, we’ll be paying extra principal payments each month, using one whole extra paycheck and keeping consistent with our monthly budgeting parties.
At the end of the year, there will still be a mortgage balance of around $15k. Our plan is take the $15k out of our savings and completely pay off the mortgage. We’ll still have more than 3 months worth of expenses in an emergency fund so we’re all good there. 
So, I feel that I’m doing well on my first 2017 goal … Let’s move onto Goal #2!
Complete a Marathon
Marathon running is an individual sport, but my wife and I have definitely had to team up to make the marathon training a reality. With two small kids and very busy schedules, teamwork is a requirement. This past Friday morning was a perfect example of this partnership in action.
I started my run at 6:30am and finished around 7:30am. I headed up the hill and looked in our driveway and I saw Nicole headed straight for me. She high-fived me – “tag you’re it”, you’re watching the kids now – and then she was off for her 6 mile run.
via GIPHY
It was awesome! The teamwork and the partnership made me smile all morning. I went inside around 7:30am and the kids were thankfully still sleeping. I stretched, I drank some water, I ate, I showered and I was ready by 8:15am. I needed to leave by 8:30am to make it to my work meeting on time. Nicole called me at like 8:28am sharp and said, “I’m headed up the hill right now. Get in your car and go.” It was like freakin’ clockwork!
I got in my car and I high-fived her out my car window. Nicole was tagged back in. Thankfully, I made it to my meeting on time. 
The point of this story is to demonstrate that the teamwork that Nicole and I have developed has given us a great start on our marathon training.
Marathon Training
We’re both up to around 10 miles for our long runs and feeling pretty strong about where we are in our training. We have some major milestones ahead of us though!
Each weekend, we step it up with longer mileage. With the longer mileage, we need to coordinate our schedules even more.
I included a screen shot of 6 weeks of our schedule below. Our full-schedule is around 6 months.]]>
Andy Hill clean 1775
Obliterating $51k in Credit Card Debt and Empowering the LGBT Community – with John Schneider and David Auten https://www.marriagekidsandmoney.com/obliterating-51k-in-credit-card-debt-and-empowering-the-lgbt-community/ Mon, 26 Jun 2017 07:30:13 +0000 http://www.marriagekidsandmoney.com/?p=1725 <p>The magical, mystical and all-powerful credit card … If we want something really bad but we don’t have the money for it, credit cards solve our problems immediately. Don’t they? If we’re jonesin’ for some new threads, we want to buy a fancy dinner or even treat ourselves to a tropical vacation, we can swipe … <a href="https://www.marriagekidsandmoney.com/obliterating-51k-in-credit-card-debt-and-empowering-the-lgbt-community/" class="more-link">Continue reading<span class="screen-reader-text"> "Obliterating $51k in Credit Card Debt and Empowering the LGBT Community – with John Schneider and David Auten"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/obliterating-51k-in-credit-card-debt-and-empowering-the-lgbt-community/">Obliterating $51k in Credit Card Debt and Empowering the LGBT Community – with John Schneider and David Auten</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> The magical, mystical and all-powerful credit card … If we want something really bad but we don’t have the money for it, credit cards solve our problems immediately. Don’t they? If we’re jonesin’ for some new threads, If we want something really bad but we don’t have the money for it, credit cards solve our problems immediately. Don’t they? If we’re jonesin’ for some new threads, we want to buy a fancy dinner or even treat ourselves to a tropical vacation, we can swipe our way to happiness. Right?
Well, that quick and easy solution might cure our bad case of the “Wants”, but long-term credit card use without proper cash flow management will most definitely create infinitely more problems for us. In what seems like no time at all, we’re making payments with 18% interest on that tropical vacation we took 2 years ago! The memories of our good times on the beach don’t seem so glorious anymore.
I’m not anti-credit cards. I am anti-credit card abuse. If we don’t have the ability to live on a consistent monthly budget, credit cards are not for us. When we have high interest credit cards that are eating away at our monthly earnings, we need to make a change. We simply cannot live a life of freedom, security and happiness when we have credit card debt with freakin’ 18% interest!
I had the privilege to speak with one couple that has become famous for their ability to drop their dependency on the all mighty credit card after eliminating $51,000 in debt.
David Auten and John Schneider used to live for today. Dinners, clubs, clothes … you name it, they bought it. After a while, the debt started to really pile up. Those high interest credit cards took a major toll on their financial situation. Once they realized that this debt burdened lifestyle wasn’t for them, they made a plan, partnered as a couple and clobbered their debt.
Today, David and John are better known as the Debt Free Guys. Their debt destruction story and their mission to financially empower the LGBT community has been covered in global publications like Business Insider, Forbes and Time.
What are we covering today?
John, David and I discuss:

* How they racked up $51k in credit card debt
* What motivated them to power their way out of debt
* How they are empowering the LGBT Community to take control of their finances

If you’re living with high interest credit card debt or you want to hear how this couple partnered together to change their future, listen to this inspiring conversation. 
CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.
Show Resources
FREE Audiobook from Audible: Receive a free audiobook with your 30-day trial of Audible. You’ll be supporting this show!
Debt Free Guys:  David and John’s website, links to their podcast and articles.
The Four Principles of a Debt Free Life: David and John’s book.


Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the Marriage, Kids and Money Podcast:

* Leave a comment below
]]>
Andy Hill clean 1725
Destroying $87k in Student Loans by Avoiding Lifestyle Inflation – with Kevin the Financial Panther https://www.marriagekidsandmoney.com/destroying-87k-in-student-loans-by-avoiding-lifestyle-inflation/ Mon, 19 Jun 2017 07:30:58 +0000 http://www.marriagekidsandmoney.com/?p=1678 <p>Student loans have become so commonplace in our country that everyone seems to be living with them. According to Forbes in February 2017, there are over 44 million people in the US living with student loans. Those loans amount to over $1.3 trillion dollars! And it’s not just the nation’s millennials that are carrying around … <a href="https://www.marriagekidsandmoney.com/destroying-87k-in-student-loans-by-avoiding-lifestyle-inflation/" class="more-link">Continue reading<span class="screen-reader-text"> "Destroying $87k in Student Loans by Avoiding Lifestyle Inflation – with Kevin the Financial Panther"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/destroying-87k-in-student-loans-by-avoiding-lifestyle-inflation/">Destroying $87k in Student Loans by Avoiding Lifestyle Inflation – with Kevin the Financial Panther</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Student loans have become so commonplace in our country that everyone seems to be living with them. According to Forbes in February 2017, there are over 44 million people in the US living with student loans. Those loans amount to over $1. Forbes in February 2017, there are over 44 million people in the US living with student loans. Those loans amount to over $1.3 trillion dollars!
And it’s not just the nation’s millennials that are carrying around this heavy debt burden. Seniors receiving social security checks are starting to see their benefits reduced in order to pay back student loans they’ve owed for decades.
If you’ve listened to or read my ramblings before, you know I’m all about preparation in the form of 529 savings, college scholarships and considering the community college route. That advice is all well and good for parents and kids preparing to go to college, but what about those who are currently drowning in student loan debt?
I had a chance catch up with Kevin who blogs at the Financial Panther. He’s a man who decided that he didn’t want to be one of those 44 million people strapped with student loans. He didn’t want to add another cent to the $1.3 trillion dollars that are currently owed.
After accumulating $87,000 in student loans from law school, Kevin decided to eliminate that debt burden from his life as fast as possible. Through debt consolidation strategies, diligently planning his finances and living like a student instead of living like a high flyin’ “lawyer”, Kevin obliterated his student loans in 2 ½ years.
What are we covering today?
Kevin and I discuss:

* How we eliminated his $87,000 in debt in 2 ½ years
* What strategies he took to avoid “lifestyle inflation” as a lawyer
* How he is now partnering with his new wife in paying off her dentist school student loans

If you’re one of those 44 million people living with student loans or you just like hearing awesome success stories, take a listen to today’s show. It will inspire you to battle your student loans or any other difficult challenge in your life.
Show Resources
FREE Audiobook from Audible: Receive a free audiobook with your 30-day trial of Audible. You’ll be supporting this show!
Financial Panther – Kevin’s website about crushing debt and side hustling.
A Breakdown of How I Paid off $87,000 of Student Loans in 2.5 Years – Kevin’s article detailing his debt destruction journey.
Hilarious Simpsons clips:

* Financial Panther
* SMRT

Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the Marriage, Kids and Money Podcast:

* Leave a comment below
* Connect on Twitter, Facebook or Pinterest
* Subscribe to the show on iTunes or clean 1678
Investing in Rental Real Estate with Cold Hard Cash – with Peter Aquart https://www.marriagekidsandmoney.com/investing-in-rental-real-estate-with-cold-hard-cash/ Mon, 12 Jun 2017 07:30:16 +0000 http://www.marriagekidsandmoney.com/?p=1550 <p>Real estate investing has been something I’ve been interested in for a long time. The ability to own a home that provides a monthly passive income and grows in value at a consistent rate over time sounds quite appealing to me. I don’t get as excited about flipping properties because it sounds like that’s a very … <a href="https://www.marriagekidsandmoney.com/investing-in-rental-real-estate-with-cold-hard-cash/" class="more-link">Continue reading<span class="screen-reader-text"> "Investing in Rental Real Estate with Cold Hard Cash – with Peter Aquart"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/investing-in-rental-real-estate-with-cold-hard-cash/">Investing in Rental Real Estate with Cold Hard Cash – with Peter Aquart</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Real estate investing has been something I’ve been interested in for a long time. The ability to own a home that provides a monthly passive income and grows in value at a consistent rate over time sounds quite appealing to me. I don’t get as excited about flipping properties because it sounds like that’s a very detailed and focused skill. The margins are so tight that you need to be a master at your craft to succeed. Evidently, those well-produced HGTV home flippin’ shows make it look easier than it actually is.
And given that I have been on this
debt destruction journey for quite some time now, I don’t get very enthusiastic about taking out mortgages for rental properties. Some real estate investors have an ability to take out mortgages on their rental properties (usually 20% or more down) and still earn a good passive income. I think I would get claustrophobia with all of that debt coming back in my life.
Related: How to Make $7,000 Per Month Investing in Real Estate
So, I’m not interested in flipping properties and I’m not interested in leveraging properties to rent. How about ….
Buying and holding rental properties for 10, 15 or 20 years and paying for them with cash?
It’ll take a lot longer to save up the money, but my overall stress level will be lower if my wife and I don’t go back into debt.
Today on the show, I spoke with Peter Aquart who specializes in exactly this subject:  buy and hold rental real estate.
Peter, and his company American Wealth Builders, work with clients who are interested in getting into rental real estate, but don’t know where to start. They take away the hassle of finding the right properties, finding the ideal tenants and even putting management in place. I was pleasantly surprised to hear that the majority of his clients are buying these properties with cash.
What are we covering today?
On the show today, Peter and I chat about:

* His company and their services
* Why he thinks real estate is the best passive income path for people
* Overall advice for first time real estate investors

If you’re interested in learning more about generating passive income through rental real estate, this episode is for you. It’s one of my favorite subjects because I know little to nothing about it, but I’m very interested in educating myself further.
Show Resources
FREE Audiobook from Audible: Receive a free audiobook with your 30-day trial of Audible. You’ll be supporting this show!
American Wealth Builders: Peter’s real estate investing company.
Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the Marriage, Kids and Money Podcast:

* Leave a comment below
* Connect on Twitter, Facebook or Pinterest
* Subscribe to the show on iTunes or Google Play
* Leave a quick review for the show on iTunes or clean 1550 Budget Your Way to Wealth (Results) & Protect Your Family’s Future https://www.marriagekidsandmoney.com/budget-your-way-to-wealth-results-protect-your-familys-future/ Mon, 05 Jun 2017 07:30:40 +0000 http://www.marriagekidsandmoney.com/?p=1589 <p>Last month, I threw down a challenge to start living on a monthly budget. This wealth building habit gives a purpose to every dollar you earn so your money doesn’t go wandering off. That is the essence of a zero-based budget. Every dollar gets a job whether it is for spending, saving, giving or investing.  If … <a href="https://www.marriagekidsandmoney.com/budget-your-way-to-wealth-results-protect-your-familys-future/" class="more-link">Continue reading<span class="screen-reader-text"> "Budget Your Way to Wealth (Results) & Protect Your Family’s Future"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/budget-your-way-to-wealth-results-protect-your-familys-future/">Budget Your Way to Wealth (Results) & Protect Your Family’s Future</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Last month, I threw down a challenge to start living on a monthly budget. This wealth building habit gives a purpose to every dollar you earn so your money doesn’t go wandering off. That is the essence of a zero-based budget. If you’re married, it is super helpful to have a monthly get together to discuss your family budget. Discussions around where you’re spending money, things you’re saving up for and, most importantly, what are your long-term dreams for your marriage and your family.
My wife and I have been
budgeting for over 7 years now and the continuous get togethers have helped us to realize our dreams like eliminating our consumer debt, building up a proper emergency fund and making a plan to pay off our mortgage by the end of this year.
Oh, and fun stuff too! The budget helps us plan and save up for vacations with the family, birthday parties for our kids and the oh-so crucial date nights.
Knowing that you’re most successful when you’re equipped with the right tools, we gave the personal budgeting tool YNAB (You Need a Budget) a try. Having only experienced my simple spreadsheet before and Mint, it was time to try something new. 
So, how’d we do?
PROS

Here are 3 quick PROS of working on YNAB:
1. You can only budget money you have
As opposed to Mint where you can project your income for the month and budget accordingly, YNAB only allows you to budget money that you have in your bank account. This was a whole new way of looking at things for me and it was a nice change. 
2. If you go over budget, you have to reallocate
In Mint, if you go over budget, you’ll get an indication that you’ve exceeded your allotted budget for a specific category. In YNAB, you need actually find another category in your budget to take money away from. If you spend too much on groceries for example, then you need to borrow from your “eating out” category. Overall, I appreciated the sense of accountability in YNAB. 
3. Live tutorials are free, intuitive and helpful
I joined one of these tutorials and it was a HUGE confidence booster for me. I understood the philosophy of the system and why the budgeting worked the way it did. Since the tutorial was live, I was able to ask follow-up questions to the presenter. Another nice feature!
CONS
I really only had ONE MAJOR con that made the month tough for me with YNAB:
1. Could not upload my wife’s credit card into YNAB
I tried the import feature and it wouldn’t work. I contacted the support folks and they were extremely helpful and responsive, but even after getting the account to connect, YNAB still does not automatically import Nicole’s credit card purchases. Without that auto import, using YNAB adds a bunch of additional work for me. With the 1,000 things I try to do each month as a father, husband, full-time employee, blogger and podcaster … my budgeting needs to be simple.
That is why, I’m sticking with Mint.

It has worked well for us for 5 years. The import features work like a charm, the app is super convenient and it is free.
Related: Create Your Budget in Mint in 10 Simple Steps
The kind people at YNAB extended my free trial because I was having trouble loading my wife’s credit card information.]]> Andy Hill clean 1589 Crowdfund Your Way into a Hollywood Movie – with David Willis and Katherine Botts https://www.marriagekidsandmoney.com/crowdfund-your-way-into-a-hollywood-movie/ Mon, 29 May 2017 07:13:43 +0000 http://www.marriagekidsandmoney.com/?p=1556 <p>When I was in high school, I was really into movies. I loved watching them in the theaters. A wall in my room was filled with a collection of my favorite flicks on VHS. I even made my own murder mystery movie (I pretty much ripped off Scream). All of those memories came flooding back to … <a href="https://www.marriagekidsandmoney.com/crowdfund-your-way-into-a-hollywood-movie/" class="more-link">Continue reading<span class="screen-reader-text"> "Crowdfund Your Way into a Hollywood Movie – with David Willis and Katherine Botts"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/crowdfund-your-way-into-a-hollywood-movie/">Crowdfund Your Way into a Hollywood Movie – with David Willis and Katherine Botts</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> When I was in high school, I was really into movies. I loved watching them in the theaters. A wall in my room was filled with a collection of my favorite flicks on VHS. I even made my own murder mystery movie (I pretty much ripped off Scream). All of those memories came flooding back to me last week when I interviewed a couple of real Hollywood movie producers. These are actual professionals that are making movies and putting them up on the big screen for the world to enjoy.

I had the opportunity to speak with Producers David Willis and Katherine Botts who are in the process of making a new Christmas movie called “I’ll be Next Door for Christmas”. The movie will be released later this year. It’s about a family that absolutely loves Christmas … much to the chagrin of their 16-year old daughter. Her out-of-town boyfriend is coming in for the holidays and to keep her crazy kin away from him she hires actors to pretend to be her family next door.
Now what is unique about this Christmas comedy is that it will be the very first feature-length narrative movie ever made with equity crowdfunding in the United States. Equity (or regulation) crowdfunding will allow anyone to become a shareholder in this movie. Just like holding equity (or stock) in Apple or Amazon, you can now own equity in small businesses like this independent Christmas film.
If you’ve ever wanted to become a movie producer, but don’t have the talent, connections or time, now you can!
What are we covering today?
On the show today, David, Katherine and I chat about:

* The details of the new Movie “I’ll Be Next Door for Christmas”
* What regulation/equity crowdfunding is
* How people can get in on the movie making action

If you’re interested in learning more about equity crowdfunding and making Hollywood movies, don’t miss this episode. As a special bonus, this interview contains muppet impressions, a beautiful rendition of Dirty Dancing’s “The Time of My Life” and a lot of laughter. 
Show Resources
FREE Audiobook from Audible: Receive a free audiobook with your 30-day trial of Audible. You’ll be supporting this show!
I’ll Be Next Door For Christmas: Details about the movie and how you can invest.
Win a Role in the Movie: Click here to learn more about how you can be a part of the movie cast.
Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the Marriage, Kids and Money Podcast:

* Leave a comment below
* Connect on Twitter, Facebook or Pinterest
* Subscribe to the show on iTunes or Google Play
* Leave a quick review for the show on iTunes or Google Play

I truly appreciate the support everyone!
Carpe Diem Quote

“Christmas isn’t a season.]]>
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How to Crush $52,000 in Debt in 7 Months – with Chris Peach https://www.marriagekidsandmoney.com/how-to-crush-52000-in-debt-in-7-months/ Mon, 22 May 2017 07:30:03 +0000 http://www.marriagekidsandmoney.com/?p=1520 <p>It seems the more we earn, the more we spend. There is always something new to buy, a service we want or an upgrade that is an absolute must-have. We see our neighbor’s new boat. Now, something inside of us “needs” that new boat too! And even if our income isn’t enough to buy it, well that doesn’t … <a href="https://www.marriagekidsandmoney.com/how-to-crush-52000-in-debt-in-7-months/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Crush $52,000 in Debt in 7 Months – with Chris Peach"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-crush-52000-in-debt-in-7-months/">How to Crush $52,000 in Debt in 7 Months – with Chris Peach</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> It seems the more we earn, the more we spend. There is always something new to buy, a service we want or an upgrade that is an absolute must-have. We see our neighbor’s new boat. Now, something inside of us “needs” that new boat too! What if you broke free from this rat race of life? What would your life be like if you started spending less than you earned? How about if you were able to completely eliminate debt from your life?
Today, I invited someone on the show that has personally felt the claustrophobia that comes with too much spending and too much debt. They have also felt the sheer relief that comes with finally controlling their spending and completely eliminating debt from their life.
Chris Peach is a full-time firefighter, husband and father of two. In 2011, Chris and his wife Andrea found themselves with $52,000 worth of consumer debt and not a dime to their name. They had been spending on credit like it was going out of style and they were stuck. After an embarrassing public moment at the grocery store, this couple was jolted into action to fix this major debt problem they had created.
After 7 months, a few side jobs and some diligent cash flow planning, Chris and Andrea became debt free. They also became determined to never get into debt again. They starting making cash only purchases and monthly budgeting became standard in the Peach household. Chris also became inspired to help others crush debt, live on a budget and take control of their finances. He now has a blog, a podcast, a YouTube channel and he serves as a financial coach as well.
What are we covering today?
On the show today, Chris and I chat about:

* How he and his wife got into debt
* How they got themselves out of it
* What he’s doing now to help people win with money

If you’re interested in getting out of debt and learning the benefits of smart money management, you are going to enjoy this interview. Trust me, your family will thank you for listening today!
Show Resources
FREE Audiobook from Audible: Receive a free audiobook with your 30-day trial of Audible. You’ll be supporting this show!
How to Start a Budget: Chris Peach’s FREE budget spreadsheet and guide to starting a budget.
$52k Debt Destruction Story:  Chris Peach’s story.
Dave Ramsey’s The Total Money Makeover:  Both Chris and I agree this book is an excellent guide for living on a budget and eliminating debt from your life.


Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the Marriage, Kids and Money Podcast:

* Leave a comment below
* Connect on Twitter, Facebook or Pinterest
]]>
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How to Travel the World for a Living – with Jonathan and Kach Howe https://www.marriagekidsandmoney.com/how-to-travel-the-world-for-a-living/ Mon, 15 May 2017 07:30:58 +0000 http://www.marriagekidsandmoney.com/?p=1491 <p>In my endless pursuit to chat with all the most interesting people in the world, I started studying up on travel bloggers. These folks spend their days traveling across the US or globetrotting around the world. They capture their adventures through writing, photography or video. Some of the more popular travel bloggers do this full-time and their vagabond … <a href="https://www.marriagekidsandmoney.com/how-to-travel-the-world-for-a-living/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Travel the World for a Living – with Jonathan and Kach Howe"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-travel-the-world-for-a-living/">How to Travel the World for a Living – with Jonathan and Kach Howe</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> In my endless pursuit to chat with all the most interesting people in the world, I started studying up on travel bloggers. These folks spend their days traveling across the US or globetrotting around the world. After they’ve built a loyal audience on their blog and through social media, they’ll get hooked up with sponsors and affiliates (like hotels, resorts or automotive companies) who will financial support their travels. Some of them even write their own travel books based on their adventures. Can you imagine roaming the world, seeing all that our beautiful earth has to offer and having all of your travels be fully funded?!
I decided to reach out to a couple that was doing this because I had to learn more. It was just too interesting of a topic for me to leave it alone.
Four years ago, Jonathan and Kach Howe met each other while they were traveling the world. Jonathan was from the UK and Kach was from the Philippines. They both shared a love for travel and a love for adventure.
After a few years of traversing the globe together, these two world travelers got married last July. At the time of my interview with Kach, they had traveled to 77 different countries together and recently completed their dream of visiting ALL 7 continents (yes, including Antarctica).
Kach and Jonathan started documenting their journey through a travel blog called Two Monkeys Travel in late 2014. They shared their favorite destinations, stories about their adventures and provided helpful travel tips to their readers. Their blog following and social media following grew and grew over the years. Today, they have about a ¼ million Facebook followers, their inspiring global travel/love story has been covered in major media outlets like CNN, BBC and Forbes and their adventure continues.
What are we covering today?
On the show today, Kach and I discuss:

* How her and Jonathan started this journey together
* Financially, how is their endless vacation feasible
* And where in the world they are going next

In true world traveler fashion, I caught up with these two as they were on a boat in the Atlantic Ocean off the coast of Florida. You can’t stop adventure even for a quick interview!
Show Resources
FREE Audiobook from Audible: Receive a free audiobook with your 30-day trial of Audible. You’ll be supporting this show!
Two Monkeys Travel Group: Kach and Jonathan’s website and travel blog.
How to Start A Travel Blog: Kach’s post on everything they learned when starting their blog.
How to Monetize from Travel Blogging: Kach shares their approaches to making money while traveling around the world.
Guest Bio: Kach and Jonathan Howe
We had both started out on the same path before we ever knew each other existed. We both decided to leave the nine-to-five career lifestyle, sell off our possessions and travel the world. Our paths first crossed in the small, historic town of Luang Prabang in Laos.
I (Jonathan) was on a budget motorbike trip around Asia, while Kach was backpacking with her brother and sister. We spent a lot of time together for a couple of days, visiting waterfalls and exploring the countryside on my motorbike, but then it was time to continue on our separate ways.
Kach traveled on with her brother and sister for another month, before starting a month-long yoga retreat in Thailand and I tra...]]>
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Entrepreneurial Freedom Straight Out of College – with Brian Robben https://www.marriagekidsandmoney.com/entrepreneurial-freedom-straight-out-of-college/ Mon, 08 May 2017 07:30:49 +0000 http://www.marriagekidsandmoney.com/?p=1447 <p>I’ve interviewed a couple early retirees lately on the Marriage, Kids and Money Podcast. Those episodes end up getting a solid amount of downloads. It’s probably because the notion of early retirement sounds so incredibly appealing to those of us grinding away at our 9-5 jobs. To wake up, design your day how you please and avoid … <a href="https://www.marriagekidsandmoney.com/entrepreneurial-freedom-straight-out-of-college/" class="more-link">Continue reading<span class="screen-reader-text"> "Entrepreneurial Freedom Straight Out of College – with Brian Robben"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/entrepreneurial-freedom-straight-out-of-college/">Entrepreneurial Freedom Straight Out of College – with Brian Robben</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> I’ve interviewed a couple early retirees lately on the Marriage, Kids and Money Podcast. Those episodes end up getting a solid amount of downloads. It’s probably because the notion of early retirement sounds so incredibly appealing to those of us grind... Marriage, Kids and Money Podcast. Those episodes end up getting a solid amount of downloads. It’s probably because the notion of early retirement sounds so incredibly appealing to those of us grinding away at our 9-5 jobs. To wake up, design your day how you please and avoid rush hour traffic sounds like true freedom.
Well, what if you never had to retire from anything? What if you never started the rat race to begin with? What if you decided that your first job out of college was to work for yourself?
You could create your own hours and pursue projects that made you feel excited and accomplished. My guest today did just that.
24-year-old, Brian Robben, graduated from college and went straight into a full-time life of entrepreneurship. He decided that he didn’t want to do the daily grind like his college friends. He took his passion for excellence and his desire for freedom and put it into his small business where he now makes $10,000 per month! I repeat … he’s only 24. 
Brian has written three Amazon best-selling books, works as a career consultant and runs a popular blog called Take Your Success. that helps young adults like him make smart financial choices.
What are we covering today?
On the show today, Brian and I chat about:

* His entrepreneurial success story
* The cliff notes from his best-selling books
* Advice for budding entrepreneurs

If you’re interested in developing a side hustle, additional income or you just want to hear how this 24-year-old has become such a success, you will not want to miss this one.
Show Resources
FREE Audiobook from Audible: Receive a free audiobook with your 30-day trial of Audible.
How to Start A Blog: An easy 10 step guide to starting your blog today.
Take Your Success:  Brian’s Blog
Freedom Money: Brian’s latest book on automating your finances to get rich as a young adult.


Guest Bio: Brian Robben
Brian Robben is the founder of TakeYourSuccess.com and a three-time Amazon bestselling author.
“I’m proud to say that I have my dream job being an entrepreneur. I’m honestly loving life right now. What’s not to love when I wake up every day doing what I enjoy most: helping others become more successful and building online businesses.”
Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the show:

* Leave a comment below
* Connect on Twitter, Facebook or Pinterest
* Subscribe to the show on iTunes or Google Play
* Leave a quick review for the show on iTunes or 28:35 1447
MKM Challenge: Budget Your Way to Wealth https://www.marriagekidsandmoney.com/mkm-challenge-budget-your-way-to-wealth/ Mon, 01 May 2017 07:30:22 +0000 http://www.marriagekidsandmoney.com/?p=1402 <p>It is the first Monday of the month my friends! That means, we’re throwing down another MKM Challenge. For you “personal challenge types” out there (like me), this can be a lot of fun and, if you stick to it, quite rewarding. Last month, I challenged myself to develop a chore and reward system for … <a href="https://www.marriagekidsandmoney.com/mkm-challenge-budget-your-way-to-wealth/" class="more-link">Continue reading<span class="screen-reader-text"> "MKM Challenge: Budget Your Way to Wealth"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/mkm-challenge-budget-your-way-to-wealth/">MKM Challenge: Budget Your Way to Wealth</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> It is the first Monday of the month my friends! That means, we’re throwing down another MKM Challenge. For you “personal challenge types” out there (like me), this can be a lot of fun and, if you stick to it, quite rewarding. Last month, Last month, I challenged myself to develop a chore and reward system for my 5-year old daughter, Zoey. The goal was to help Zoey correlate hard work with reward. This way she knows if she really wants something in life that she has the power to make it happen.  
The other side benefit of Zoey doing all of her chores is that my wife and I get some help around the house! And as Zoey grows older, the chores will get more helpful and she will become a kind, helpful and sincere little lady.
So, how’d we do?
Let’s first review the chore side of things and then we’ll discuss the reward side:
Chores
Like anything with a 5-year old, it wasn’t completely cut and dry. There were weeks when Zoey was enchanted. She would vacuum the kitchen with a smile on her face … which would bring a gigantic smile to my face.
She even took the dinner dishes from the table to the sink without us even asking! And then there were times that she absolutely couldn’t do anything “because her arms hurt” or she was too tired. Hey, it’s not a military camp here. For the first month of us setting up this chore process, I would give my 5-year old girl an A+. I’m so proud of her and the hard work she did to help out the family.
I definitely learned a lot too. Here are some of the highlights of things I learned on the chore side of things:
1. Do Things Together
At my girl’s age, she was the best at her chores when her Mom and Dad were doing them with her. If she was emptying the silverware, then I tried to be there with her and wash dishes.
If she was vacuuming the kitchen, then I was right there with her sweeping the kitchen. When we had laundry to do, she would fold the socks and put away her clothes while her Mom folded our laundry.  
2. Pick your battles
Sometimes when my girl is in a bad mood or tired, she does not have the spunk to get her chores done. I can definitely relate. There are times in the day when I’m more productive than others. Given this, I chose to pick my battles. If she seemed really moody or tired, I wouldn’t force the chores on her. She’s still quite young and I want her to find the “fun” in helping out the family. 
That being said, if she decided not to do her chore then she wouldn’t get her dollar. If we were out and about and she saw something she wanted to buy, we’d remind her about doing her chores and the reward she’d receive. Magically her drive to complete her responsibilities immediately returned. How convenient!
3. Give Her Love and Praise
When Zoey completed her chores, I would examine her work to see if the floor was clean or the silverware was put away correctly. I wasn’t trying to be a perfectionist and freak her out. I was mostly doing it to let her know that I’m paying attention to her hard work and that I appreciate it. Afterward, I would make a big animated deal about her job well done. I’d say “Way to Go Zoey, I’m so proud of you. Thank you for helping out the family!” I’d give her a big hug and tell her that I love her.
I think she enjoys doing her chores for the monetary reward of course, but I think she appreciates the attention, love and praise that she gets more than the cash.
Rewards
Speaking of cash, let’s talk about how the reward system went.
We ended up giving Zoey $1 per chore (laundry folding, vacuuming the kitchen and putting away the silverware). She really got into this part!
After her chores were complete, we would give her that $1 right away. For each buck she earned, we’d put it in one of her jars – Spend, Save and Give. Here’s Zoey to explain more:

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Transform from Starving Artist to Money Master – with Philip and Julia Olson https://www.marriagekidsandmoney.com/transform-from-starving-artist-to-money-master/ Mon, 24 Apr 2017 07:30:20 +0000 http://www.marriagekidsandmoney.com/?p=1364 <p>I am continually amazed with the amount of talent we have in our world. Designers, creators, entrepreneurs, artists, developers … These are people who push the bounds of what is possible to create a product, service or business that revolutionizes their respective field. While these folks might be masters of their craft, the creative class … <a href="https://www.marriagekidsandmoney.com/transform-from-starving-artist-to-money-master/" class="more-link">Continue reading<span class="screen-reader-text"> "Transform from Starving Artist to Money Master – with Philip and Julia Olson"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/transform-from-starving-artist-to-money-master/">Transform from Starving Artist to Money Master – with Philip and Julia Olson</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> I am continually amazed with the amount of talent we have in our world. Designers, creators, entrepreneurs, artists, developers … These are people who push the bounds of what is possible to create a product, Enter Philip and Julia Olson. These two talented theater majors turned dynamic financial gurus developed a company called The Art of Finance that helps the creative class become more intelligent with their money. Philip and Julia help their clients to realize that being a starving artist is just no way to live. They advise their creative clients on areas like debt elimination, budgeting and investing so they can do what they love while earning the money they deserve.
This way, the starving artist starves no more …
What are we covering today?
On the show today, Philip, Julia and I discuss:

* How and why started their company together
* The financial issues facing the creative class
* Strategies for success in avoiding the “starving artist” trap

If you’re an artist, designer or an entrepreneur that’s looking to make money and “command your finances” (as Julia points it), then listen up. This financial savvy couple knows what it takes for you to succeed.
Show Resources
Art of Finance: Philip and Julia Olson’s business website
Art of Finance YouTube Page: Totally worth checking out their videos and subscribing gang … Informative and funny.
FREE 60-Day Trial of YNAB:  It sounds like this budgeting program is a Mint-crusher. I’ll be trying it out as well next month. I’ve heard great things!

This #personalfinance #podcast empowers you to strengthen your family tree and live financially free. https://t.co/H3q3eZUNsZ
— Andy Hill (@AndyHillMKM) April 24, 2017

Guest Bio: Philip Olson, CFP®








Hello! I’m Philip.  I have called Austin, Texas home since 1997. I attended the University of Texas in the Department of Theater & Dance where I met Julia while we worked backstage for a children’s dance show about a baby monkey. Eighteen months later, we were married.
I spent several years as a ‘starving artist’ – waiting tables, parking cars, and making lattes. Eventually I became a theater instructor, where I fell in love with teaching and coaching my students. I led hundreds of theater productions at  ZACH Theater, KidsActing,  and more.
Eventually I left the professional artistic world when a recruiter for a financial services firm said “This industry needs more people like you – a people person”. I was inspired to make a difference in a notoriously un-caring industry, and began to study for the Series 7 exam in 2011. I’ve been in love with financial planning ever since. In 2015 I went on to pass the Certified Financial Planner™ Board Exam (the most challenging certification in the entire industry), and I now wear the ‘CFP®’ marks with pride.





Guest Bio: Julia Lorenz-Olson







Julia is a Swiss/Texan who was practically raised on the stage. She ADORES getting to use those talents to empower and inspire others to take charge of their own financ...]]> Andy Hill clean 1364 Skip the Toy and Give the Gift of College – with Wayne Weber https://www.marriagekidsandmoney.com/skip-the-toy-give-the-gift-of-college/ Mon, 17 Apr 2017 07:30:19 +0000 http://www.marriagekidsandmoney.com/?p=1316 <p>The cost of college is completely out of control. Every year, the cost to attend a 4-year university increases by twice the inflation rate. To put it in some more personal terms, by the time my 5-year old little girl goes to undergrad, we’ll need around $200,000 to make a 4-year in-state university a reality. … <a href="https://www.marriagekidsandmoney.com/skip-the-toy-give-the-gift-of-college/" class="more-link">Continue reading<span class="screen-reader-text"> "Skip the Toy and Give the Gift of College – with Wayne Weber"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/skip-the-toy-give-the-gift-of-college/">Skip the Toy and Give the Gift of College – with Wayne Weber</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> The cost of college is completely out of control. Every year, the cost to attend a 4-year university increases by twice the inflation rate. To put it in some more personal terms, by the time my 5-year old little girl goes to undergrad, The other major crisis affecting our country right now is the massive amount of student loan debt we all have. According to Time in 2016, more than two-thirds of college grads graduated with debt, and their average debt at graduation was about $35,000. According to that article, this number will be tripling in the next two decades.
In 2014, US News and World Report said that the average bachelor’s degree holder takes 21 years to pay off their student loans. 21 years! So not only are we strapped with huge debt, but we’re strapped with it for a long time.
What is a young parent to do?
Last month, we chatted with Jocelyn Paonita about her ability to earn $126,000 in scholarships and get a free ride through college. Scholarships are one part of the solution.

Paying for college just got easier @ScholarshipSYS https://t.co/cMDcT8U61L
— Andy Hill (@AndyHillMKM) March 20, 2017

We can also encourage our children to work and pay for college. I’m going through a challenge this month to get my daughter to understand how hard work equals reward through the development of a chore system. 
Outside of scholarships and working during high school and college, a 529 savings plancan be a huge piece of the puzzle. If you’re not familiar with 529s, these are tax advantaged investments accounts that allow people like us to save up for our kiddos to go to college in the future. The key is to start early so you can take advantage of compound interest. You also need to contribute consistently so the account grows over time.
My guest today is a 529 champion. Wayne Weber is the CEO of a company called Gift of College. This company provides college savings gift cards that act like a gift registry (much like a wedding or baby shower registry, but it’s for college). These cards can be used for both 529 college savings and for paying down student loan debt.
Wayne started this company to help bring awareness to 529s and to make it easier for people to give the gift of college to friends and family. The company has become so successful that you can now buy these physical gift cards at Toys “R” Us and Babies “R” Us stores nationwide.

What are we covering today?
On the show today, Wayne and I discuss:

* How the Gift of College process works
* The importance of early 529 savings
* The state of the student debt crisis
* Where the future of college is going

If you love someone with student loans or someone who wants to go to college someday, take a listen to today’s show. You can be a part of the solution for this major student debt crisis.
Show Resources
How to Retire in 6 Easy Steps – New Course from early retirement guru, Dylin Redling.]]>
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Why You Need Life Insurance Today – with Jen Fowler https://www.marriagekidsandmoney.com/why-you-need-life-insurance-today/ Mon, 10 Apr 2017 07:30:37 +0000 http://www.marriagekidsandmoney.com/?p=1275 <p>Life is precious. One day, we’re spending quality time with our family and making beautiful memories together. And the next day, we’re diagnosed with inoperable stage 4 brain cancer. I don’t say this to be flippant. I say this because we truly don’t know what tomorrow will bring. That is why we need to protect our family’s financial … <a href="https://www.marriagekidsandmoney.com/why-you-need-life-insurance-today/" class="more-link">Continue reading<span class="screen-reader-text"> "Why You Need Life Insurance Today – with Jen Fowler"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/why-you-need-life-insurance-today/">Why You Need Life Insurance Today – with Jen Fowler</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Life is precious. One day, we’re spending quality time with our family and making beautiful memories together. And the next day, we’re diagnosed with inoperable stage 4 brain cancer. I don’t say this to be flippant. I’ve spent some time on Reddit lately reading stories of families who have recently lost a loved one and how life insurance (or the lack of it) has affected their lives. Not only does death take an immense emotional toll on the family, it can take a huge financial toll as well.
For those that are prepared and have life insurance in place, the stories are sad, but hopeful. I was reading one the other day about a 30-year old man who has cancer and the doctors have given him 12 months to live. A few years before the diagnosis, he had picked up life insurance. Because of his proactive thinking, his wife and daughter will have $500,000 after all of their debts and mortgage are paid off if he passes away.
There are also stories on the other side of the coin. Families with a bread-winning spouse that recently passed away that are now stuck with no income.
I invited Jen Fowler from SelectQuote to talk to us today all about life insurance. There are a lot of insurance providers out there. I specifically invited SelectQuote because Nicole and I used them for our first policy. I like them because they look at rates and coverage on your behalf and get you the best overall policy. It’s like booking travel with Expedia or Kayak where you can get a bunch of options, but for the life insurance world.
What are we covering today?
On the show today, Jen answers questions like:

* Who needs life insurance?
* What is the difference between Term and Whole Life Insurance?
* How much coverage do I need?

If you haven’t purchased a life insurance policy yet or you have a policy in place already and just want to make sure you’re properly covered, please listen to this episode. You and your family are going to be happy that you did.
Show Resources
How to Retire in 6 Easy Steps – New Course from early retirement guru, Dylin Redling. Be sure to use coupon code “MKM-10” for a 10% discount.
Life Insurance Calculator – See how much life insurance coverage you need at LifeHappens.org
Financial Peace University (at home kit)
Financial Peace University (find a group near you)
Thanks for Listening!
If you enjoyed this episode, here are some excellent ways to help out the show:

* Leave a comment below
* Connect on Twitter, Facebook or Pinterest
* Subscribe to the show on iTunes, Google Play or Stitcher
* Leave a quick review for the show on iTunes

I truly appreciate the support everyone!
Carpe Diem Quote
“I am prepared for the worst, but hope for the best.”
-Benjamin Disraeli

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MKM Challenge: Create Chores and Rewards for Kids https://www.marriagekidsandmoney.com/mkm-challenge-create-a-chore-and-reward-system-for-kids/ Mon, 03 Apr 2017 07:30:18 +0000 http://www.marriagekidsandmoney.com/?p=1201 <p>Today, I’m throwin’ down another MKM Challenge. We’re talking about how we can get our kids to help out with the daily chores around the house. Our goal is to get them to understand that with hard work comes reward. But first, I want to recap last month’s challenge and share how the Hill Family fared … <a href="https://www.marriagekidsandmoney.com/mkm-challenge-create-a-chore-and-reward-system-for-kids/" class="more-link">Continue reading<span class="screen-reader-text"> "MKM Challenge: Create Chores and Rewards for Kids"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/mkm-challenge-create-a-chore-and-reward-system-for-kids/">MKM Challenge: Create Chores and Rewards for Kids</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Today, I’m throwin’ down another MKM Challenge. We’re talking about how we can get our kids to help out with the daily chores around the house. Our goal is to get them to understand that with hard work comes reward. But first, But first, I want to recap last month’s challenge and share how the Hill Family fared in reducing our grocery expenses.
At the beginning of March I shared that my wife Nicole and I were spending around $900 on groceries each month for our family of 4. Since our little ones don’t eat that much, our $900 monthly grocery spending was a little out of control.
We set out to reduce our grocery bill by ⅓. $900 to $600.
So, how’d we do?
We spent $632 in March!
We dropped our grocery bill by $268 in one month!
Nicole and I are fired up about this savings. If we get to $300 savings per month (which we both feel like we can), we’ll be saving $3,600 per year. With that kind of money, we could go on a nice tropical vacation in the middle of our freezing cold Michigan winters!
So, how’d we do it?
There were three major reasons for the grocery savings success in our opinion:

* We started shopping weekly and sticking to it. This kept us from impulse buying during the week for things we didn’t really need.
* We used a written list on our iPhones to buy only the items we needed.
* The last and biggest reason for our huge monthly savings was switching from Kroger to Aldi.  

Aldi has some majorly lower prices compared to Kroger. When we went to Kroger, we’d typically walk away with around $200 worth of groceries each week. With Aldi, that same load of groceries (not really buying anything different) we’d walk away spending closer to $100. 
Now we still hit up Costco for some items like bulk meat and paper products. As we investigated further though, we actually found that there were quite a few things that were still less expensive at Aldi versus Costco. For example, we bought grass-fed beef from Aldi for around $5/lb. and a similar package at Costco was around $7/lb. It doesn’t sound like a lot, but it adds up fast when you’re buying a couple hundred items each month.

5 Easy Tips to Lower Your Grocery Bill #personalfinance https://t.co/WDuVksWDTm
— Andy Hill (@AndyHillMKM) February 16, 2017

Expert Shoppers Love Aldi Too
I spoke to Em Rodack who is a mother of 4 kids and she swears by Aldi to keep her monthly grocery expenses low. Em and her husband Mike have a blog called Married and Harried where they focus on helping families save money, save time and have overall better lives. Em and Mike have written extensively about their experience with Aldi and how it’s helped them to save big.
On the podcast, you can hear:

* Em’s tips and tricks for saving money on groceries for her family of 6
* Why Aldi works for the Rodack clan
* Some details you should be aware of if you’re a first time Aldi shopper 

In short my friends, if you’re looking to drop your grocery bill and have more money each month, check out Aldi. It’s totally worth it. After one month of nearly $300 savings, Nicole and I are now believers.
Okay, let’s chat about this month’s upcoming challenge!  
Create a Chore and Reward System for Kids
This month, my goal is to get my daughter Zoey focused on helping out more around the house. I remember when I was a kid, we had a chore chart list and if I completed all of my tasks, I would get an allowance. It helped me correlate hard work with reward.]]>
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How to Have Your Best Career Today – with Mo Faul https://www.marriagekidsandmoney.com/how-to-have-your-best-career-today/ Mon, 27 Mar 2017 07:30:50 +0000 http://www.marriagekidsandmoney.com/?p=1146 <p>Over the last 6 months, we’ve reviewed a lot of ways that you can win with money. We’ve discussed debt elimination, investment strategies and how to increase your income. And today, we’re going to review a topic that is important to a lot of people out there. We’re going to chat about how you can have a career … <a href="https://www.marriagekidsandmoney.com/how-to-have-your-best-career-today/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Have Your Best Career Today – with Mo Faul"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-have-your-best-career-today/">How to Have Your Best Career Today – with Mo Faul</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Over the last 6 months, we’ve reviewed a lot of ways that you can win with money. We’ve discussed debt elimination, investment strategies and how to increase your income. And today, we’re going to review a topic that is important to a lot of people out... debt elimination, investment strategies and how to increase your income. And today, we’re going to review a topic that is important to a lot of people out there. We’re going to chat about how you can have a career you truly love.
In 2014, Gallup reported over 1.3 billion people in the world have a full-time job working for an employer. Those 1.3 billion people (this includes me) work 8 hours per day, 5 days per week and at least 50 weeks per year. We give our lives to our careers. Some of us spend more time with our colleagues than our own families at times.
Given this sacrifice, it is imperative that you enjoy what you do everyday. You want to feel like an integral figure in your company’s success. You want to feel like you’re making a difference and you’re a part of something important.
To help us all feel like we’re headed down the right path in our careers, I invited career coach extraordinaire, Mo Faul, to join us. Mo is a former C-Level Executive, an author of multiple career enhancing books and a nationwide speaker that helps people take their careers to the next level.
What are we covering today?
On the show today, Mo and I discuss:

* Improving your networking skills
* Having difficult discussions with your supervisor about promotions and raises
* Finding a way to be truly happy at work every day

If you’re one of those 1.3 billion people out there rockin’ the 9-5, Mo’s expert advice will help you start your work week off on a positive note.
Carpe Diem Quote
“The most common way people give up their power is by thinking they don’t have any.” -Alice Walker
Show Notes
Mo Faul’s Resources:

* Website
* 11 Lessons to Help You Create (& Love) Your Very Own Kick A** Career
* FREE Clarity Call

Unshakeable by Tony Robbins


Guest Bio: Mo Faul
Mo Faul, former C-Suite Healthcare executive and author of the career growth E-Books, 3-2-1 Career Story, Your 30 Minute Mission Statement and 11 Lessons to Your Kick Ass Career & Life has also put her money where her mouth is, inspiring young women through her funding and as a producer of the documentary film Dream, Girl.
She is the creator of the Kick Ass Career Course Coaching Program where she works with clients – privately and in groups – to help them align who they are with what they do. She also coaches corporate leaders with her Leadership NOW! Program. It focuses on aligning leaders and developing leaders with their true nature and matching that with their role and success map.
After a 5 year career working as a nurse, Mo spent over 20 years as a healthcare executive in a variety of different leadership roles. It was through this career journey that she discovered a love of mentoring and coaching. When she was diagnosed with breast cancer she decided it was time to take all of her education, training and expertise out for a spin and open her own coaching company. Today she coaches, teaches and speaks all over the country about how to turn tragedy into triumph and bring the kick a** (with soul) back to your career and life.

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How to Get $126,000 in College Scholarships – with Jocelyn Paonita https://www.marriagekidsandmoney.com/how-to-get-126000-in-college-scholarships/ Mon, 20 Mar 2017 07:30:37 +0000 http://www.marriagekidsandmoney.com/?p=1107 <p>When my daughter Zoey was born we met with a financial advisor to discuss her future college needs. He advised us that for Zoey to attend an in-state college like Michigan State University, we’d be looking at a price tag of about $200,000. 4 years of college would cost us $200,000! Since then, we’ve been … <a href="https://www.marriagekidsandmoney.com/how-to-get-126000-in-college-scholarships/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Get $126,000 in College Scholarships – with Jocelyn Paonita"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-get-126000-in-college-scholarships/">How to Get $126,000 in College Scholarships – with Jocelyn Paonita</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> When my daughter Zoey was born we met with a financial advisor to discuss her future college needs. He advised us that for Zoey to attend an in-state college like Michigan State University, we’d be looking at a price tag of about $200,000. Since then, we’ve been diligently saving in our state sponsored 529 plan through low-cost index funds. But honestly we don’t feel like there is any way we’re going to be able to save that much money by the time she’s 18. And quite frankly, Nicole and I want to make sure we’re set for our retirement before Zoey and Calvin get a free ride to college. Sorry kids!
I’m thinking there are a lot of other parents that are in this similar situation. For that reason, I invited Jocelyn Paonita on the show this week.
Jocelyn is a recent college graduate who was able to attend college completely debt free based on earning $126,000 in scholarships. She wasn’t a star high school athlete or the valedictorian. She was just a hard-working and motivated student that did not want to come out of college with an ounce of debt.
Her experience in earning scholarships propelled her to start a company called the Scholarship System. Now, Jocelyn guides families and students to earn their own scholarships to clobber the massive costs of college.
What are we covering today?
On the show today, Jocelyn and I chat about:

* Her inspiring debt free college story
* How her scholarship program works
* Advice on how parents and students can combat college costs together

If you have a child that is bound for college someday, listen to this informative conversation with Jocelyn. It’ll make you feel like there is hope that your kids will be able to attend college debt free after all. 
Show Notes
(If you purchase anything through these links I will receive a commission that supports the blog and podcast – Thank you!)
Jocelyn Paonita’s Resources:

* How to Secure Scholarships for College – FREE Webinar 
* How to Secure Scholarships for College – Course

The FREE 3 Steps to $1K Challenge
Guest Bio: Jocelyn Paonita
Jocelyn Paonita (Pearson) is a recent college graduate with ZERO student loans. Not only was she able to get her entire college experience paid for including 6 months living abroad, but she also received a cash check each semester for any additional expenses.
Her goal in life is to share her strategies with as many high school and college students as possible so that they too can get their college experience paid for.
Jocelyn graduated from the #1 International Business program at the Darla Moore School of Business. She currently works for a global conglomerate as part of their Finance Leadership Development Program. She is the oldest of 5, has a loving husband and a rescue dog named Jaffe.
Carpe Diem Quote
“Diligence is the mother of good luck.” -Benjamin Franklin

What’s your experience been like with scholarships?

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How to Make $7k Per Month Investing in Real Estate – with Mark Ferguson https://www.marriagekidsandmoney.com/how-to-make-7k-per-month-investing-in-real-estate-2/ Mon, 13 Mar 2017 07:30:48 +0000 http://www.marriagekidsandmoney.com/?p=1046 <p>Lately, the shows and interviews I’ve been doing have been focusing on decreasing your expenses and increasing your income. When we make improvement in these two areas, it’ll allow us to become experts in increasing our net worth and our opportunities for financial independence. Today, we’re diving into increasing your income through real estate. I had a … <a href="https://www.marriagekidsandmoney.com/how-to-make-7k-per-month-investing-in-real-estate-2/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Make $7k Per Month Investing in Real Estate – with Mark Ferguson"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-make-7k-per-month-investing-in-real-estate-2/">How to Make $7k Per Month Investing in Real Estate – with Mark Ferguson</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Lately, the shows and interviews I’ve been doing have been focusing on decreasing your expenses and increasing your income. When we make improvement in these two areas, it’ll allow us to become experts in increasing our net worth and our opportunities ... I had a chance to speak with an expert real estate investor named Mark Ferguson the other day. Mark currently owns 14 rental properties that provide him with $7,000 per month in passive income. He’s also spent the last decade and a half flipping over 120 houses and selling over 1,000 homes as a real estate agent. He now manages a team of 10 that focus on growing and maintaining the overall real estate portfolio.
Now all of those impressive numbers may sound intimidating, but when Mark started out he had just one house, a very tight income and he made a lot of mistakes. That’s how we learn. That’s the path to becoming an expert.
Mark’s hard work over the years and his professional team allow him to work less than 40 hours per week so he can be a good husband and father to his 5-year old twins AND play golf at least once a week.
What are we covering today?
In our interview together, Mark and I discuss:

* His entrepreneurial story
* How he scaled his business from 1 to 14 rentals
* The ins and outs of flipping and rental real estate
* How people can buy homes 20% below market value

If you’re interested in how you can make money through real estate whether it is flipping, selling or renting, take the next 30 minutes and listen to this interview with Mark Ferguson. His entrepreneurial story is inspiring and motivating.
Carpe Diem Quote
“The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income.” -Robert Kiyosaki
Show Notes
Mark Furgeson’s Website
Real estate and business books discussed during the show:

* Rich Dad, Poor Dad by Robert Kiyosaki
* Millionaire Real Estate Investor by Gary Keller
* Millionaire Real Estate Agent by Gary Keller
* Third Circle Theory by Pejman Ghadimi
* Millionaire Fast Lane by MJ DeMarco

Join the MKM Community for the free 3 Steps to $1K Challenge
Guest Bio: Mark Ferguson
Mark Ferguson runs a real estate team of 10 that has sold close to 200 homes each of the last three years. He fixes and flips 10-20 homes a year and he owns 14 long-term rentals. He’s a top-selling real estate book author on Amazon. He loves real estate and investing because of the money you can make and the freedom r...]]>
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MKM Challenge: Reduce Your Grocery Expenses by 1/3 https://www.marriagekidsandmoney.com/march-mkm-challenge-reduce-your-grocery-expenses-by-13/ Mon, 06 Mar 2017 08:30:47 +0000 http://www.marriagekidsandmoney.com/?p=972 <p>Every day, I look for ways to better myself. And this blog has been my medium for that betterment over the last 6 months. It has kept me honest when it comes to being the best husband and Dad I can be as well as with growing our family net worth. I thought it’d be fun to throw down … <a href="https://www.marriagekidsandmoney.com/march-mkm-challenge-reduce-your-grocery-expenses-by-13/" class="more-link">Continue reading<span class="screen-reader-text"> "MKM Challenge: Reduce Your Grocery Expenses by 1/3"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/march-mkm-challenge-reduce-your-grocery-expenses-by-13/">MKM Challenge: Reduce Your Grocery Expenses by 1/3</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Every day, I look for ways to better myself. And this blog has been my medium for that betterment over the last 6 months. It has kept me honest when it comes to being the best husband and Dad I can be as well as with growing our family net worth. I thought it’d be fun to throw down a challenge on the first Monday of each month for myself and hopefully the readers of this family empowering blog would join along as well. The topics will vary, but will all focus on improving your financial and family situation.
The challenge for this month is to …
Reduce Your Grocery Expenses by 1/3  
Now some of you out there might already be frugal grocery shoppers, but this is an area where the Hill Family needs a serious overhaul. We spend $900 per month on groceries for our family of 4 — and we don’t even have super hungry teenagers yet!
Eating healthy is important to us so sometimes that drives our expenses up. This $900 monthly figure also includes things like toilet paper, paper towel, detergent and other household necessities.
However you slice it, we’re spending almost $11,000 on groceries every year. That just sounds like a CRAZY number to me!! And it also sounded like a crazy number to the Investing and Personal Finance Club that I’m in on Facebook as well. I shared our situation with that group and, based on the responses, I would say that our family is in the minority with how much we’re spending on groceries. There were a few brave souls that chimed in and said that they too spend around $900 or $1,000 to feed their families of 4 each month.
How To Save on Groceries
I also solicited advice from the group on HOW they save on groceries each month. The post ended up receiving over 140 comments full of helpful and constructive feedback on how the Hill Family could save.
So to meet my challenge of reducing our grocery expenses by ⅓, I’m taking the group’s collective advice and putting it to the test!
Here are the top 5 tips I received from this smart group of savers on how to lower my grocery bill.
The article goes into more depth, but here they are at a high level:

* Do A Weekly Meal Plan
* Less Packaged Goods & More Bulk
* Shop with a List
* Switch to Aldi
* Visit Your Local Farmer’s Market and Buy in Season

Challenge Goals
The Hill Family’s goal for March is spend $600 instead of $900. That is $150 per week. Using the steps detailed in the podcast and in the link above, that has to be doable! With our savings this month, we’re going to go to a fun all-day indoor water park with the kids and we’re planning some updates to our home. If we keep it up, we’ll have $3,600 more per year!!!
The challenge has been laid down everyone!
Who’s in to decrease their grocery bill so you have more money to enjoy, save and pay down debt? Please leave me a comment below and let me know how you are saving and if you’re in for the challenge!
On the first Monday of next month, I’ll share how we did and lay down a new MKM challenge!

Who’s in for the March MKM Challenge?!
How do you save on groceries each month?
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How to Retire Early in Northern California at 43 – with Dylin Redling https://www.marriagekidsandmoney.com/how-to-retire-in-northern-california-at-43/ Mon, 27 Feb 2017 07:30:40 +0000 http://www.marriagekidsandmoney.com/?p=940 <p>I’ve been doing a lot of research and interviews lately about financial independence and early retirement. I guess I’m inspired! The idea of not having a full-time job eventually sounds pretty appealing to me. Well, you might say, “There’s no way I couldn’t have a full-time job in the area I live in! I have to … <a href="https://www.marriagekidsandmoney.com/how-to-retire-in-northern-california-at-43/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Retire Early in Northern California at 43 – with Dylin Redling"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-retire-in-northern-california-at-43/">How to Retire Early in Northern California at 43 – with Dylin Redling</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> I’ve been doing a lot of research and interviews lately about financial independence and early retirement. I guess I’m inspired! The idea of not having a full-time job eventually sounds pretty appealing to me. Well, you might say, Well, you might say, “There’s no way I couldn’t have a full-time job in the area I live in! I have to pay my mortgage, I like to eat healthy, I need health insurance. It’s just too expensive.” Higher cost areas like New York, DC, Chicago or San Francisco come to mind when we’re talking about higher cost of living. Even though these are some of the most expensive places to live in the US, our guest today proves that early retirement can be feasible even if you are in one of these high-rent areas.
Dylin Redling and his wife Allison have lived in the Bay Area for the last 20 years. Although they’ve seen a lot of ups and downs in the cost of living and the housing market over their time in Northern California, their money smart way of living has allowed them to retire in their early 40’s and enjoy a life of sleeping in, eating healthy, exercising and traveling around the world together.
What are we covering today?
In our interview together, I ask Dylin:

* How he came to be retire comfortably at 43?
* How he’ll stay retired?
* What’s retirement life like?
* What early retirement advice does Dylin have?

In a nutshell, we’re covering freedom from the 9-5 life and advice to help you get there. Enjoy! 
Carpe Diem Quote
“Don’t tell me what you value, show me your budget, and I’ll tell you what you value.” –Joe Biden
Show Notes

* Join the MKM Community for the free 3 Steps to $1K Challenge in March
* Dylin Redling’s Resources:  30 Epiphanies from a 35-Day Epic SE Asia Travel Experience & Free Early Retirement Guide

Guest Bio: Dylin Redling
Dylin and Allison live in Oakland, California with their two 17-year old Siamese cats. They moved to San Francisco from New York City in 1996, and quickly fell in love with the Bay Area.
After working for many years in the Internet / Tech industry, they finally realized they had saved enough to retire. They officially retired from the corporate world in January 2015 and have never looked back.
In their spare time, they work out, swim, travel, eat, and run sites like Retire by 45 and Experiencify which offers inspiration, tips, and resources for having amazing life experiences.

Without a full-time job, what would be your typical day?
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If I Could Do It Again – 9 Pieces of Financial Advice For Me in My 20’s https://www.marriagekidsandmoney.com/9-pieces-of-advice-for-my-former-single-guy-self/ Mon, 20 Feb 2017 07:30:50 +0000 http://www.marriagekidsandmoney.com/?p=889 <p>The other day I was emailing with Heath, a listener of the podcast. Heath commented that my show has a family-focused tone to it, but it can really be enjoyed by single guys (like Heath) who don’t quite yet have a family as well. The compliment was extremely appreciated – thank you Heath – and … <a href="https://www.marriagekidsandmoney.com/9-pieces-of-advice-for-my-former-single-guy-self/" class="more-link">Continue reading<span class="screen-reader-text"> "If I Could Do It Again – 9 Pieces of Financial Advice For Me in My 20’s"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/9-pieces-of-advice-for-my-former-single-guy-self/">If I Could Do It Again – 9 Pieces of Financial Advice For Me in My 20’s</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> The other day I was emailing with Heath, a listener of the podcast. Heath commented that my show has a family-focused tone to it, but it can really be enjoyed by single guys (like Heath) who don’t quite yet have a family as well. podcast. Heath commented that my show has a family-focused tone to it, but it can really be enjoyed by single guys (like Heath) who don’t quite yet have a family as well. The compliment was extremely appreciated – thank you Heath – and it got me thinking. What advice would I have for myself 10 or so years ago before I met Nicole before I had kids and before I knew anything about money?

Heath’s email inspired me to time travel to my mid 20’s … My days of MySpace, Craigslist roommates and living for the weekend.
Here are 9 pieces of advice to my former single guy self:
1. Luxury Cars Do Not Equal Success
– 22 years old – 
Hey Andy. So, you thinking of getting an Audi TT convertible at 22 years old, eh? I’d hold off on that new lease pal. You might want to consider moving out of your Mom’s house first and getting your own place.
Spend a few years living on your own and get some practice with paying rent, utilities and buying your own food. You’ll quickly find that paying $500/month for a car is just not worth it.
I know that you think the car is cool and you look badass driving it, but really it’s not something you can afford right now. You might want to think of your parents (you know … those people who aren’t receiving rent from you). Think about the money they spend on your food and shelter before you drive around in a luxury car. Just sayin!
2. Don’t Rush to Buy a House
– 22 years old – 
Oh, thinking of buying a house, eh? That’s interesting. Have you considered how much owning a house REALLY costs?
Before you end up borrowing money from Mom when you can’t make the mortgage payment on your $30k salary, let’s consider renting for a few years. You’re not even sure that this house, this city, and this current job are even right for you.
When you are ready to buy a house, make sure you can afford the payments on a 15-year mortgage.

3. Learn to Budget Early
– 23 years old – 
Okay, you went ahead and bought the house anyway and now you’re realizing that being a homeowner can be quite expensive. When Chase bank gave you that mortgage loan and told you that you could “afford” it, you didn’t factor in repairs, utilities, and your other living expenses.
Take some time, sit down and write out a monthly budget to live on. In a few years, they are going to come out with some super intuitive personal budgeting apps like Mint. You’ll want to be an early adopter. Living within your means and on a budget is super crucial at your age.
4. Start Investing for Retirement Early 
– 23 years old – 
Remember when your employer said that they have a 401k that matches? That is free money! Meet with your benefits rep at work and sign up!
A simple rule of thumb for investing in stocks and bonds for retirement is as follows:
120 – YOUR AGE = STOCK PERCENTAGE
For you, this would be:  120 – 23 = 97% Stocks
So based on that rule of thumb, your portfolio would be based on 97% stocks and 3% bonds. Here is the diversification breakdown that I’d recommend for you at your age:

* 57% Large Cap US Based
* 15% International
* 25% Small Cap
* 3% Bonds

As you get older, you should increase your bond holdings as that is typically a less volatile investment. The older you get, the more conservative you want to be so your money doesn’t all disappear in a big market crash right before you retire.
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Smart Retirement Investing the Vanguard Way – with Maria Bruno https://www.marriagekidsandmoney.com/smart-retirement-investing-the-vanguard-way-2/ Mon, 13 Feb 2017 07:30:05 +0000 http://www.marriagekidsandmoney.com/?p=846 <p>For decades, Vanguard has been a trusted name in the investment community. In this financial blogger world that I’ve entered into recently, it’s a resounding theme that Vanguard is the way to go when it comes to investing for your retirement. Billionaire Warren Buffett thinks Vanguard is an excellent choice. Personal Development Coach, Tony Robbins … <a href="https://www.marriagekidsandmoney.com/smart-retirement-investing-the-vanguard-way-2/" class="more-link">Continue reading<span class="screen-reader-text"> "Smart Retirement Investing the Vanguard Way – with Maria Bruno"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/smart-retirement-investing-the-vanguard-way-2/">Smart Retirement Investing the Vanguard Way – with Maria Bruno</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> For decades, Vanguard has been a trusted name in the investment community. In this financial blogger world that I’ve entered into recently, it’s a resounding theme that Vanguard is the way to go when it comes to investing for your retirement. MONEY: Master the Game where he praises Vanguard for being the only recommendation for many of the billionaires he interviews.
Since that is the ever-present case, I decided I would give Vanguard a call and get retirement advice straight from the source and share it with all of you.
I had the opportunity to chat with Maria Bruno, a Senior Investment Strategist at Vanguard. Maria specializes in retirement and personal finance. Being a personal finance junkie myself, I was elated to get this professional on the phone. Her wide-ranging experience, vast knowledge of retirement solutions and her signature laugh made this chat informative and delightful.
What are we covering today?
You’re going to hear Maria and I chat about:

* 401k planning
* Roth IRA advantages (versatility, back door Roth)
* Goal setting
* Asset allocation
* Minimizing fees
* Index funds

The goal of today’s show is to give you some actionable advice that can help you on your journey toward retirement. If you’re fairly young and you haven’t started retirement investing yet, Maria and I implore you to start today! The power of compound interest only works if you allow time for it to compound.
If you’ve been investing for retirement for a while, our discussions on asset allocation and investing fees will potentially save you tens of thousands of dollars and years on your overall retirement.
Enjoy!
Carpe Diem Quote
“Don’t look for the needle in the haystack. Just buy the haystack.”
-Jack Bogle, Founder of Vanguard speaking on the importance of diversification
Show Notes
Vanguard Website
Roth: The most versatile account in your portfolio (An article by Maria)
Vanguard’s investment principles (How to apply Vanguard’s investment principles to retirement savings)
The Benefits of the Back Door Roth IRA (article)
What’s a Back Door Roth IRA (video)
Join the Marriage, Kids and Money Community
Guest Bio:  Maria Bruno
Maria is a senior retirement strategist in Vanguard Investment Strategy Group. She leads a global team that’s responsible for conducting research and providing thought leadership on the topics of retirement, wealth, portfolio construction, and financial planning for individual investors. Maria specializes in retirement planning, retirement income solutions, and wealth management strategies. Prior to her current role, Maria worked in our financial planning and advice departments. Maria earned a bachelor of science in business administration (B.S.B.A.) from Villanova University and is a Certified Financial Planner™ professional.

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5 Ways I’m Promoting Gender Equality for My Daughter https://www.marriagekidsandmoney.com/5-ways-im-promoting-gender-equality-for-my-daughter/ Mon, 06 Feb 2017 07:30:32 +0000 http://www.marriagekidsandmoney.com/?p=787 <p>Audi of America took a bold stance this weekend with a Super Bowl commercial focused on the importance of gender equality. The :60 spot entitled “Daughter” shows a father watching his daughter in a boxcar race where she’s competing mostly against other young boys. The father contemplates how he’ll teach his daughter that she is worthy … <a href="https://www.marriagekidsandmoney.com/5-ways-im-promoting-gender-equality-for-my-daughter/" class="more-link">Continue reading<span class="screen-reader-text"> "5 Ways I’m Promoting Gender Equality for My Daughter"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/5-ways-im-promoting-gender-equality-for-my-daughter/">5 Ways I’m Promoting Gender Equality for My Daughter</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Audi of America took a bold stance this weekend with a Super Bowl commercial focused on the importance of gender equality. The :60 spot entitled “Daughter” shows a father watching his daughter in a boxcar race where she’s competing mostly against other... The :60 spot entitled “Daughter” shows a father watching his daughter in a boxcar race where she’s competing mostly against other young boys. The father contemplates how he’ll teach his daughter that she is worthy and equal in this world despite all of the obstacles, biases and prejudices that exist. In the end, she wins the aggressive boxcar race (of life) and she and her father confidently walk off into the sunset.
This commercial got me thinking about my daughter Zoey. She turns 5 this week! It feels like yesterday she was grabbing onto my finger with her tiny newborn hand.
I asked myself … What actions am I taking to help Zoey know that she is equal to the boys?
In honor of her 5th birthday, here are 5 ways I’m promoting gender equality to give my daughter a better future:
1. Compliment Her More for Her Character Than Her Beauty
I think my daughter is the most beautiful little girl in the world. I’m her Dad so I’m quite biased.
There’s nothing wrong with me letting her know that she’s my pretty little girl, but I also want her to know that I truly appreciate when she’s kind to her brother. I want her to know that I admire her strong attention to detail when she’s creating her works of art. When I drop her off at school and she joins her group of friends, I see her charismatic leadership qualities start to come out. I tell her she’s a born leader.
I’m hopeful that these words of encouragement about her intelligence and character sink in so she becomes a confident woman like her mother. It is a common reaction to look at someone and tell them how nice they look or how beautiful they are. I’m not aiming to stop that. My end goal is to have Zoey put more value in her character than her looks.
2. Love and Support Her Mother
My daughter listens to what I say to my wife. She sees the actions I take. Her understanding of how love and marriage work will come from our interactions together as husband and wife.
I’m not perfect, but my goal is to show Zoey what a supportive, loving and kind man looks like. I want to be a good example for her so when she grows up, she’ll seek out a partner that will support her dreams and life goals like her Dad did for her Mom.
Last month, my wife rode on 10-hour overnight bus ride from Detroit to DC to participate in the monumental Women’s March on Washington. I jumped at the opportunity to support her passion around gender equality and spent the weekend at home with Zoey and her little brother Calvin.
When I’m expressing my love for my wife through my actions, I know Zoey sees this. I want her to expect the same supportive and loving relationship from her future partner.
3. Help Her to Discover Her Interests Without Bias
There is nothing wrong with girls wearing pink, doing ballet and playing with dolls … That is unless they don’t want to. Zoey is friends with girls who play hockey and love wearing super hero outfits. There is no “right way to play” for girls in 2017.
We’re doing our best to expose Zoey to a variety of opportunities so she can form her own opinion on what she likes and dislikes. We’ve enrolled her in different sports, exposed her to different books and showed her how fun art and science can be. If she wants to learn karate, play hockey or start her own business, I’ll be the first to support her.
Her favorite activities right now are swimming, watching Scooby Doo, and making YouTube cooking videos with her Mom.
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Upgrade Your Diet to Upgrade Your Life – Donnie Desanti https://www.marriagekidsandmoney.com/upgrade-your-diet-to-upgrade-your-life/ Mon, 30 Jan 2017 07:30:35 +0000 http://www.marriagekidsandmoney.com/?p=757 <p>I know I can’t be a super Dad, a kind and caring husband or a master of my money if I’m not feeling my very best. And that all starts with the food I eat. In 2011, I went to my doctor for a regular physical exam. You know the one I’m talking about, they whack … <a href="https://www.marriagekidsandmoney.com/upgrade-your-diet-to-upgrade-your-life/" class="more-link">Continue reading<span class="screen-reader-text"> "Upgrade Your Diet to Upgrade Your Life – Donnie Desanti"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/upgrade-your-diet-to-upgrade-your-life/">Upgrade Your Diet to Upgrade Your Life – Donnie Desanti</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> I know I can’t be a super Dad, a kind and caring husband or a master of my money if I’m not feeling my very best. And that all starts with the food I eat. In 2011, I went to my doctor for a regular physical exam. You know the one I’m talking about, In 2011, I went to my doctor for a regular physical exam. You know the one I’m talking about, they whack your knee with that little hammer, prick you with some needles and tell you to turn and cough.
A few weeks later, the blood test came back and they found that I had a borderline high-risk level of cholesterol. My LDL (bad cholesterol) was around 132. Not horrible, but for a 29-year-old who has two parents on high cholesterol meds it was something my doctor was concerned would get worse.
He suggested that I may need to take a drug like Lipitor or Crestor to help control the rising cholesterol. I was shocked that I needed to go on medication this early in my life. If I needed it now, how long would I be taking these pills? And what side effects would there be if I took these pills for the next 60 years of my life? There had to be another way.
I decided to consult another doctor:  Dr. Google. Now, Google also mentioned pills like Crestor and Lipitor as a solution, BUT it also recommended things like more cardio exercise, limiting foods with saturated fats and eating more fiber.

Instead of turning to the meds at 29, I decided I would make a change in my life at that moment by improving my diet and increasing the amount I exercise. That year, I made three major changes; I reduced my red meat intake to once a month, I bought a Vitamix (worth every penny) and started putting things like protein powder, spinach, almonds and avocados in my daily green juice, and I completed my first half-marathon that kicked started my love for long-distance running.
Exercise and healthy eating did the trick. Over the next few years, my LDL went from 132 to 95! Not only did my bad cholesterol decrease, but my energy level increased significantly. This energy and new-found passion for taking care of myself came at the right time in my life as well. As a busy parent with two small kids, I’ve found that you need all the energy you can get! Also, when you demonstrate healthy habits in your life, it’ll rub off on your children. More is caught than taught as they say!

My boy Superman loves his #greenjuice – great way to sneak in the veggies pic.twitter.com/nz4YQptVMK
— Andy Hill (@AndyHillMKM) January 19, 2017

Upgrade Your Diet to Upgrade Your Life
The other day, I spoke with Donnie Desanti, a personal health and wellness coach about this very same topic. Donnie went through a similar situation as I did where medications were prescribed to fix his ailments, but this happened much earlier in his life with childhood ADHD. Donnie’s passion to correct his health issues led him to a career of helping people live healthier and happier lives. Donnie now works with clients around the country to help them lose weight and improve their overall health WITHOUT taking a pill to cure the ill and WITHOUT focusing on the newest fad diet.
On the podcast today, Donnie and I go through a typical day in someone’s life and how they can make better choices with the food they eat. We also discuss other important health topics like getting clean 757
How to Make a Stay-at-Home Mom Feel Appreciated in 1 Week https://www.marriagekidsandmoney.com/how-to-make-a-stay-at-home-mom-feel-appreciated-in-1-week-2/ Mon, 23 Jan 2017 07:30:44 +0000 http://www.marriagekidsandmoney.com/?p=657 <p>Being a Stay-at-Home Mom can be incredibly difficult. Long days, no contact with adults and repetitive tasks that feel like rearranging the deck chairs on the Titanic can make you lose your marbles. Yes, it is incredibly rewarding and you develop an unbreakable bond with your children, but raising small kids can be physically, mentally and emotionally draining. … <a href="https://www.marriagekidsandmoney.com/how-to-make-a-stay-at-home-mom-feel-appreciated-in-1-week-2/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Make a Stay-at-Home Mom Feel Appreciated in 1 Week"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-make-a-stay-at-home-mom-feel-appreciated-in-1-week-2/">How to Make a Stay-at-Home Mom Feel Appreciated in 1 Week</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Being a Stay-at-Home Mom can be incredibly difficult. Long days, no contact with adults and repetitive tasks that feel like rearranging the deck chairs on the Titanic can make you lose your marbles. Yes, it is incredibly rewarding and you develop an un...
According to Salary.com in 2016, on average a Stay-At-Home Mom works
92 hours per week and assumes 31 different roles including cook, nurse, psychologist, housekeeper, day care teacher, laundry operator and driver. If you had to put a value on all of those hours worked and roles taken on, this would be a $143,102 annual salary.
Sounds like a hefty six figure salary, but it doesn’t surprise me in the least. My wife Nicole is a stay-at-home Mom.
Should I Stay or Should I Go?
After our son Calvin was born in 2014, Nicole and I had a decision to make about what we should do for child care when her maternity leave was over. Before Calvin was born, we were both driving all around town during the week to drop off and pick up our 2-year old daughter Zoey at day care or with our incredibly generous parents who watched her during the week. (Shout out to Grandma Hana and Grandma Cindy!) After analyzing the pros and cons, we decided two kids in this frantic situation just wouldn’t work. We’d rather decrease our overall take home pay than continue the way we were going. We decided together that it made the most sense for Nicole to stay at home with the kids instead of going back to work.
Fast forward to today … Zoey is turning 5 in a couple of weeks and Calvin is pushing 3.
We absolutely adore these kids. Out of everything in our lives, these two bring us the most joy. They make us smile, they make us laugh and they help us to not take life too seriously.
On the other hand, they can make our marriage very difficult. When Nicole has had a particularly rough day at the house, she wants to talk to me about it. And the constant interruptions from our kids, make the bad day even worse. Just last week, the frustration got so bad that we ended up taking it out on each other. Fingers and accusations went flying and we were both left more disheartened than before.
When the dust settled and I had a moment to think by myself, I realized that I needed to try harder to empathize with my wife’s current situation. I thought about the 92 working hours per week, the 31 difficult roles and no adult interaction. At least at my office, I can take breaks, eat lunch and go to the bathroom without a 2-year old staring at me. My wife does not have these luxuries.
At that moment, I challenged myself to go out of my way to make my wife feel more appreciated. I thought about what I could do each day for the next week to show Nicole that I love her, I appreciate her and I recognize the sacrifice she is making for this family by being a Stay-at-Home Mom.
Here’s what I came up with and how it went…
How to Make a Stay-at-Home Mom Feel Appreciated in 1 Week
Day 1:  Date Night
When the toddlers have taken over city, its time to flee the madness. At least for a night. We decided that even though we weren’t in the best of moods after our argument that dinner and movie couldn’t hurt.

La La Land was an uplifting choice given our current state and the songs became some major ear worms for the next week.  I’d recommend it!
Even though our date night was short, it was crucial. Lately, we don’t spend enough time together without our kids. We were able to talk without being interrupted at dinner and most importantly we were able to focus on each other ...]]> Andy Hill clean 657 How to Retire at 35 – with Steve Adcock https://www.marriagekidsandmoney.com/how-to-retire-at-35-2/ Mon, 16 Jan 2017 07:30:03 +0000 http://www.marriagekidsandmoney.com/?p=663 <p>How would you like to retire at the age of 35?  Sounds impossible, right? Well, our guest today, Steve Adcock, figured out how to do it. Think. Save. Retire. Steve and his wife Courtney have had a dream of early retirement for quite some time now.  Together, they have been tirelessly planning, diligently saving and … <a href="https://www.marriagekidsandmoney.com/how-to-retire-at-35-2/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Retire at 35 – with Steve Adcock"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-retire-at-35-2/">How to Retire at 35 – with Steve Adcock</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> How would you like to retire at the age of 35?  Sounds impossible, right? Well, our guest today, Steve Adcock, figured out how to do it. Think. Save. Retire. Steve and his wife Courtney have had a dream of early retirement for quite some time now. Think. Save. Retire.
Steve and his wife Courtney have had a dream of early retirement for quite some time now.  Together, they have been tirelessly planning, diligently saving and constantly dreaming of leaving their 9-5 careers behind and exploring the country.  
In December, Steve handed over his ID badge and a resignation letter and stepped into his first month as an early retiree.   
Steve now has the freedom to pursue projects he is passionate about like writing, consulting and photography.  He’ll never fill out another timesheet.  He’ll never have another performance review … EVER AGAIN.
On the show today, I ask Steve:

*
What does early retirement mean to you?

*
How were you able to retire at 35?

*
What is your life like now that you’ve retired?

*
What advice do you have so others can achieve early retirement like you?


If you have an interest in early retirement or simply want to know how you can set yourself up for success with your finances, you will definitely enjoy this episode.  
Personally, I’ve been inspired by my conversation with Steve to take a hard look at my family’s monthly budget and see how we can increase our savings and reduce our unnecessary expenses … Because early retirement sounds right up my alley!
There will be some helpful resources mentioned during the show that you can access in the Show Notes below.
Enjoy this inspiring conversation with Steve Adcock everyone! 
Show Notes
Steve’s Sites

* A Streamlin Life
* Think Save Retire

Classic Office Space Clips

* TPS Reports
* Fax Machine Beat Down

Resources Mentioned

* Roth IRA Conversion Ladder
* Rockstar Forums


“All our dreams can come true, if we have the courage to pursue them.”
-Walt Disney

What does early retirement look like for you?
Where will you go?  What will you do?
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4 Easy Ways to Stay Healthy at Work https://www.marriagekidsandmoney.com/4-easy-ways-to-stay-healthy-at-work-2/ Mon, 09 Jan 2017 07:30:01 +0000 http://www.marriagekidsandmoney.com/?p=477 <p>The grind.  The 9-5. As average Americans, we work at our jobs 40 hours per week … 50 weeks per year … for 40 years of our lives – and that’s if we work hard and have a cool supervisor! I’m one of these average Americans. I work 2,000 hours per year to provide for my family and … <a href="https://www.marriagekidsandmoney.com/4-easy-ways-to-stay-healthy-at-work-2/" class="more-link">Continue reading<span class="screen-reader-text"> "4 Easy Ways to Stay Healthy at Work"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/4-easy-ways-to-stay-healthy-at-work-2/">4 Easy Ways to Stay Healthy at Work</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> The grind.  The 9-5. As average Americans, we work at our jobs 40 hours per week … 50 weeks per year … for 40 years of our lives – and that’s if we work hard and have a cool supervisor! I’m one of these average Americans. I work 2, As average Americans, we work at our jobs 40 hours per week … 50 weeks per year … for 40 years of our lives – and that’s if we work hard and have a cool supervisor!
I’m one of these average Americans.
I work 2,000 hours per year to provide for my family and save for retirement.  Yes, it’s a perk that I enjoy the work that I do, but honestly, if I didn’t have to work, I wouldn’t.
Alas, money is required to live the lives we want.
But if I’m going to be stuck in the four walls of my office for a large portion of my life, I want to make sure that I’m taking care of myself so I will be able to enjoy retirement.   I can’t think of a more depressing story than working your whole life and dying just as you start to experience true retirement.
Here are 4 simple ways I’ve altered my work day to ensure my retirement years will be filled with healthy and happy memories.
1. Drink More Water
It sounds very simple, right?
Our busy days tend to create an environment where we all become massively dehydrated.  This can take a huge toll on our health.  Headaches, exhaustion and stomach problems are just a few side effects of not drinking the proper amount of water each day.
I like to live by the rule of drinking 1 quart (32 ounces) of water for every 50 pounds of weight.  Based on my weight of 160 lbs. this means I need to drink around 102 ounces per day.
This sounds like a lot of freaking 8-ounce glasses of water, but I hack this by keeping a 1-liter water bottle at my desk.  That equates to around 3 bottles per day.  I use this CamelBak.   It sits on my desk and stares at me and says “Fill me up again bro!”
Since I began this water challenge, I’ve had more energy and better productivity in the office.  A win-win for me and my employer.
Depending on your diet, you may not need as much water because a lot of water comes from our food.  On the flip side, if you’re exercising a lot, you may need more.  The “1 quart per 50 pounds” is just a quick rule of thumb that I like.
If you take this water challenge, you’ll be filling up your bottle often.  This will get you out of your chair more!   Another bonus!
2. Get a Standing Desk
Speaking of getting out of your chair … I’ve read many articles recently about the adverse health effects of us sitting on our butts all day long at work (about 6 hours per day evidently).

* Colon and breast cancer have been linked to this type of sedentary lifestyle
* Obesity and high blood pressure are also a byproduct of too much sitting

After reading a few of these articles about “sedentary disease” a couple of years ago, I decided to give a standing desk a try.  I’ve been a fan ever since.
Standing at work helps me burn more calories – up to 200 calories per day – and it keeps my energy level up.
If I feel like sitting, I sit.  It’s not a mandatory 8-hour standing shift.  The variety of sitting, standing and walking to the water fountain helps me keep active during the work day.
I was going to get this awesome clean 477
How to Talk to Your Spouse About Money – with Elle Martinez https://www.marriagekidsandmoney.com/how-to-talk-to-your-spouse-about-money-2/ Mon, 02 Jan 2017 07:30:45 +0000 http://www.marriagekidsandmoney.com/?p=606 <p>Building wealth is a lot like building a strong marriage. Both require determination, passion and the ability to communicate effectively. Determination Marriage is not a spectator sport.  Neither is building wealth.  You must be determined to be in the game and make certain you’re not taking your current status for granted.  Don’t take your eye off of the prize. ACTION: … <a href="https://www.marriagekidsandmoney.com/how-to-talk-to-your-spouse-about-money-2/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Talk to Your Spouse About Money – with Elle Martinez"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-talk-to-your-spouse-about-money-2/">How to Talk to Your Spouse About Money – with Elle Martinez</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Building wealth is a lot like building a strong marriage. Both require determination, passion and the ability to communicate effectively. Determination Marriage is not a spectator sport.  Neither is building wealth. Both require determination, passion and the ability to communicate effectively.
Determination
Marriage is not a spectator sport.  Neither is building wealth.  You must be determined to be in the game and make certain you’re not taking your current status for granted.  Don’t take your eye off of the prize.
ACTION:  This week, make financial and marital commitments to each other about areas where you both want to improve.  Write them down and check on your progress throughout the year to ensure you’re improving.  With the right attitude of partnership, the two of you will have a lot of fun planning together.
Passion
Having goals, dreams and desires are what fuels our everyday decisions. Keep that end goal in mind when you are going through your daily routine.  Ensure the decisions you are making today are in support of the long-term goals for your marriage and your wealth.  That passion for the ideal relationship and for financial freedom will drive you to success together.
ACTION:  Set financial and relationship goals for the new year with your spouse.  Is this the year that you’re going to finally eliminate those student loans?  Can you afford that romantic getaway this summer?  Plan together and get motivated to make your dreams become a reality.
Communication
As they say, communication is a two-way street.  What drives you, might not drive your spouse.  Take time to share your goals and desires with your partner and ask them to do the same with you.
Even if your goals are different, through strong communication you will find a way to work together.
ACTION:  Go on a monthly “Money Date”.  This is time for you and your spouse to discuss your finances, your dreams and to have some fun.
How to Talk to Your Spouse About Money
To give you some tried and true advice on how to put determination, passion and communication into your relationship, I have invited Elle Martinez to chat about how to work with your spouse on making your finances a priority in the new year.
Elle is the founder of
Couple Money which specializes in solutions for married couples to build wealth together.  Elle’s advice comes from her very real experience being married, running a business and raising two small kids.  Over the past few years, she’s also interviewed dozens of couples who are winning with money.  
If you’re interested in upgrading your financial situation and want to get your spouse on board, Elle has some priceless advice for you today.
Enjoy the show today and happy new year!
Show Notes
“New Year, New You” Summit:  An online summit focused on helping you improve your finances in the new year.  Hosted by personal finance experts.  A great way to start off the new year!
Dave Ramsey’s Book:  This author was mentioned in the show today as a great reference for dumping your debt.
]]> Andy Hill clean 606 2017 Goals: Marathon, Mortgage, Millionaire https://www.marriagekidsandmoney.com/2017-goals-marathon-mortgage-millionaire/ Mon, 26 Dec 2016 07:30:36 +0000 http://www.marriagekidsandmoney.com/?p=501 <p>2017 is right around the corner!   I’ve made some exciting and challenging goals for myself for the new year.  Some are short-term and some are long term.  I like to dream big with my goals, but also infuse some reality into the process. 2017 is my “M&M&M” year … Marathon, Mortgage and Millionaire. Goal 1: … <a href="https://www.marriagekidsandmoney.com/2017-goals-marathon-mortgage-millionaire/" class="more-link">Continue reading<span class="screen-reader-text"> "2017 Goals: Marathon, Mortgage, Millionaire"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/2017-goals-marathon-mortgage-millionaire/">2017 Goals: Marathon, Mortgage, Millionaire</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> 2017 is right around the corner!   I’ve made some exciting and challenging goals for myself for the new year.  Some are short-term and some are long term.  I like to dream big with my goals, but also infuse some reality into the process. 2017 is right around the corner!  
I’ve made some exciting and challenging goals for myself for the new year.  Some are short-term and some are long term.  I like to dream big with my goals, but also infuse some reality into the process.
2017 is my “M&M&M” year … Marathon, Mortgage and Millionaire.
Goal 1:  Marathon
My sister got me into triathlons about 10 years ago.  I could never fully get into the swimming part, but the biking and running were right up my alley.  Then I decided to sell my road bike to pay down debt.  I was left with my running shoes.  So alas, running became my go-to exercise by default.  
In all seriousness, going out for a run is my favorite way to start the day. The simplicity of waking up, throwing your shoes on and heading out the door is like no other exercise.  It’s fun, challenging and brings a sense of freedom that sticks with you throughout the day.  
This year, I’m signing up for my first full marathon.  I’ve always wanted to check that off of my bucket list as a life long accomplishment.  Since I’ve been doing half marathons for the past few years I feel confident that I’ll complete my first marathon without reporting to the ER.  
Here are the simple steps I’m taking to make this marathon a reality:

* Sign up by January
* Tell a lot of people I’m doing it (oh, I guess I just did) so I won’t back out
* Set a 6-month training schedule
* Swap runs every other day with my wife Nicole so we can do this marathon together (with two small kids we need to cover for each other)
* Stretch before and after every run
* Listen to my body and rest as needed
* Hydrate like the world is running out of water
* Run the marathon
* Smile as I’m crossing the finish line

Goal 2:  Mortgage
2017 is the year that our mortgage will be no more.  Dead.  Gone. Eliminated.  PAID OFF!
As of this morning, we have $52,952 left to pay on that bad boy.  By December 2017, our balance will be $0.  
I detail this process on my site, but here is the 10-second version:

* In 2013, we got a $200k mortgage on a 15-year fixed for 3%
* We have thrown approximately $500 extra toward the mortgage principal each month
* I get paid 26 times per year and throw 2 of those paychecks toward the mortgage principal annually
* We sell stuff we don’t use or need anymore and those dollars go toward the mortgage too.  See a pattern?

And through the cosmic power of mathematics, our 15-year mortgage will be gone in less than 5 years.
Once the mortgage is paid off, we’ll drive down to Nashville as a family to scream “We’re Debt Free!” with Dave Ramsey.
Goal 3:  Millionaire
No, I won’t be a millionaire by the end of 2017, but I’ll be setting the course to make that a reality by 2022.  An arbitrary date?  No, it is slightly before my 40th birthday.  
Here is what I plan to do in 2017 to make my “Millionaire by 40” dream become a reality:

* Pay off my mortgage
* Max out our retirement savings through tax advantaged vehicles like our 401k and Roth IRA accounts
* Crush my sales goals at work so I receive a fist-pump worthy bonus
* Side hustle and increase my income through writing,]]>
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Freedom Through Minimalism – with Claudia and Garrett Pennington https://www.marriagekidsandmoney.com/freedom-through-minimalism/ Mon, 19 Dec 2016 11:36:01 +0000 http://www.marriagekidsandmoney.com/?p=577 <p>We work hard.  We earn money.   We buy stuff. Then, that stuff requires repair, maintenance and software updates. Before you know it, your stuff is out of style.  You’re on version 3 when the rest of the world is on version 7. We work harder.  We earn more money.  We buy more stuff. Are we … <a href="https://www.marriagekidsandmoney.com/freedom-through-minimalism/" class="more-link">Continue reading<span class="screen-reader-text"> "Freedom Through Minimalism – with Claudia and Garrett Pennington"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/freedom-through-minimalism/">Freedom Through Minimalism – with Claudia and Garrett Pennington</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> We work hard.  We earn money.   We buy stuff. Then, that stuff requires repair, maintenance and software updates. Before you know it, your stuff is out of style.  You’re on version 3 when the rest of the world is on version 7. We work harder. Then, that stuff requires repair, maintenance and software updates. Before you know it, your stuff is out of style.  You’re on version 3 when the rest of the world is on version 7.
We work harder.  We earn more money.  We buy more stuff.
Are we in control of our things or are our things in control of us?
Experience Freedom Through Minimalism
After years of paying large utility bills, repairing broken appliances and landscaping their yard, Claudia and Garrett Pennington decided enough is enough.  
They told the Jones’ that they weren’t keeping up with them anymore. They sold their larger home and downsized to a 500 square foot tiny home.   
With the decrease in the size of their home, these minimalists have also decreased the stress on their lives that comes with too much STUFF!  After I finished this interview, I was so inspired to reduce the amount of my stuff that I went into my closet and easily picked out 30 items of clothing to donate to Good Will.  
Last month, the Penningtons had another major milestone in their lives. The mortgage for their tiny home has now been completely paid off.
Join me now to hear the Pennington’s story and how minimalism can help your life.
Show Notes
Pictures of Claudia and Garrett’s House
6 Strategies You Can Use to Pay Off Your Mortgage Early
Claudia and Garret’s Blog – Two Cup House
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15-Year Mortgage Paid Off in 5 Years https://www.marriagekidsandmoney.com/15-year-mortgage-paid-off-in-5-years/ Mon, 12 Dec 2016 11:39:38 +0000 http://www.marriagekidsandmoney.com/?p=220 <p>During late 2013 while I was traveling out-of-town for work, my wife Nicole found our “forever house”. This home had everything she was looking for including an attached garage, open floor plan, updated kitchen, walk-in closet and a big backyard on a half-acre lot. She told me that this was THE ONE and as soon as I … <a href="https://www.marriagekidsandmoney.com/15-year-mortgage-paid-off-in-5-years/" class="more-link">Continue reading<span class="screen-reader-text"> "15-Year Mortgage Paid Off in 5 Years"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/15-year-mortgage-paid-off-in-5-years/">15-Year Mortgage Paid Off in 5 Years</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> During late 2013 while I was traveling out-of-town for work, my wife Nicole found our “forever house”. This home had everything she was looking for including an attached garage, open floor plan, updated kitchen, This home had everything she was looking for including an attached garage, open floor plan, updated kitchen, walk-in closet and a big backyard on a half-acre lot. She told me that this was THE ONE and as soon as I got home from out-of-town, I had to see it.
My wife has excellent taste and the majority of the time we are in sync. I wasn’t worried about liking it. I was worried about getting a BIG OLE MORTGAGE to pay for it!

Moving from our small bungalow (my bachelor pad she begrudgingly moved into when we got married) to a ranch twice the size of our current house was going to be a big upgrade for us.
When I got a look at the house she found, I loved it too. It felt like home instantaneously. Even the neighbors were perfect.
So … We decided to go for it.
BUT …
I had a few nerdy money guy rules that we discussed to ensure this mortgage was obliterated in less than 5 years:
1. 15-Year Mortgage
In our first house together, I had made a lot of uneducated first time home buyer mistakes that I didn’t want to repeat. One of those areas I was bound to improve was with the mortgage process.
My first mortgage was based on a 30-year pay off period. 30 freakin’ years to pay it off! I’m sorry … That is just too long to wait to experience true debt freedom.
This time would be different.
When we bought our new house in 2013, the rates were at an all-time low. We worked with LendingTree and got hooked up with a $195,000 15-year mortgage at a 3% interest rate with no points.
This 15-year mortgage had higher monthly payments of $1,900 (including taxes and insurance), but the bulk of it was going to the principal every month instead of our mortgage company’s pockets. Nicole and I agreed that if we couldn’t afford to pay the larger monthly payments of a 15-year mortgage then we shouldn’t buy the house.
3 years into this home purchase, the 15-year mortgage was one of the best decisions we’ve made so far.
Not only are we paying less interest to the mortgage company by going with the 15-year mortgage over the 30-year mortgage, the mortgage principal has been going down by a sizable amount each month.

2. Additional Principal Payments
My second nerdy money rule to crush our new mortgage in 5 years was to make additional monthly payments of around $1,000 toward the principal each month.
This required us to dial back our expenses slightly – things like less eating out for dinners, more packing my lunch for work and we cut the cord on cable TV (and we still don’t miss it today).
This consistent monthly payment made a major impact in the dramatic reduction of our mortgage. Yes, we had a 15-year mortgage, but I wanted to turn it into a 5-year mortgage.
3. Extra Money
My company pays us 26 times per year (every two weeks) as opposed to 24 times per year (1st of the month, 15th of the month). Nicole and I agreed when we bought the house, we would only live off of 24 paychecks annually instead of the 26 we actually received.
So twice a year, we have made a BIG payment on the principal with those two additional paychecks. This consistent biannual payment took a huge bite out of overall principal balance.
I don’t always receive bonuses for work. It depends on how my company is performing or how I perform that year. Last year, I was fortunate enough to receive one for a solid performance. That unexpected money was also sent to attack the mortgage.
4. Monthly Budget Party
Nicole and I agree to meet every month to create and review a monthly budget. I have dubbed this the “budget party”.]]>
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Make Money on Airbnb – with Victor Mangona https://www.marriagekidsandmoney.com/make-money-on-airbnb-2/ Mon, 05 Dec 2016 11:42:28 +0000 http://www.marriagekidsandmoney.com/?p=558 <p>About a month ago, my wife Nicole and I were at a wedding for one of our good friends.  At our table, I struck up a conversation with a random guy named Victor Mangona.  I discovered that Victor and his wife Kate are both doctors and they live in a swanky part of Dallas called Highland … <a href="https://www.marriagekidsandmoney.com/make-money-on-airbnb-2/" class="more-link">Continue reading<span class="screen-reader-text"> "Make Money on Airbnb – with Victor Mangona"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/make-money-on-airbnb-2/">Make Money on Airbnb – with Victor Mangona</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> About a month ago, my wife Nicole and I were at a wedding for one of our good friends.  At our table, I struck up a conversation with a random guy named Victor Mangona.  I discovered that Victor and his wife Kate are both doctors and they live in a swa... Rental Real Estate
Now, I’ve been very interested in real estate investing for quite some time now.  I think it was about 10 years ago when I read Rich Dad, Poor Dad, and afterward I started going coo coo for cocoa puffs with idea rental properties.  The concept of owning a property and having someone pay you a steady income stream to live there just sounded like the bee’s knees.
Victor and his wife Kate have taken their super doctor salaries and started to buy a few select homes in the Dallas area that they rent out on a monthly basis as well as using Airbnb.
Before I started chatting with Victor, I didn’t know much about Airbnb.  I definitely didn’t know how much money you could make.  The Mangona family is now making enough money to save 75% of their income each month and cover the cost of their mortgage!
I thought the conversation was so interesting that I gave him a call to talk more about it.
Here’s my conversation with Victor about rental real estate and how to make money on Airbnb.  Enjoy!

Show Notes
Victor and Kate’s Airbnb Page
Brittany Dawn Fitness at Victor & Kate’s Place
LearnAirbnb:  Resource mentioned by Victor to learn the ins and outs of Airbnb
Victor’s Email:  vmangona “at” gmail.com
Are you into rental real estate?
Have you had experience with Airbnb?
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6 Family First Tips for Business Travelers https://www.marriagekidsandmoney.com/6-family-first-tips-for-business-travelers-2/ Mon, 28 Nov 2016 07:00:41 +0000 http://www.marriagekidsandmoney.com/?p=460 <p>I’ve been in the corporate event marketing business for a little over 12 years now.  It’s a fun industry to be part of.  The thrill of a live event, being a part of a global product launch and traveling around the world can be very exciting. That life can also be quite draining on your relationship … <a href="https://www.marriagekidsandmoney.com/6-family-first-tips-for-business-travelers-2/" class="more-link">Continue reading<span class="screen-reader-text"> "6 Family First Tips for Business Travelers"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/6-family-first-tips-for-business-travelers-2/">6 Family First Tips for Business Travelers</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> I’ve been in the corporate event marketing business for a little over 12 years now.  It’s a fun industry to be part of.  The thrill of a live event, being a part of a global product launch and traveling around the world can be very exciting. That life can also be quite draining on your relationship with your family.
I’m writing this as I’m traveling on a week-long trip to Europe for a global sales opportunity.  If we win this business, it could be a big deal for our company.  But honestly, all I can think about is my family and how I can’t wait to go home.
At the start of my trip, I was chatting with my sister about our Dad traveling abroad a lot for work when we were growing up.   He worked for an automotive company that required him to travel in Europe once per month and travel around the US quite a bit as well.  Sometimes we wouldn’t see him, speak to him or connect with him for quite a while.
As adults, we now know he was working hard to help our family become what it is today.   But at that time in our childhood, the distance and time away from him was quite difficult for us.
Now, I’m in a very similar situation.  I travel for my job on a semi-frequent basis.  I want to provide for my family and strengthen my family tree like my father did.  At the same time, I’m fearful my kids won’t get the time with me that they need.
To put my family first, I started thinking about what I could do to ensure Nicole, Zoey and Calvin get the most from me when I am home.  Additionally, I thought about what ways I could keep a strong connection with them when I’m on the road.
Here are 6 areas that I’m working on to help me put my family first when it comes to my business travel …
 Limit Travel Time
As of late, when I’m booking my work trips, I think… “What is the absolute least amount of time that I can spend on this business trip while still meeting my goals?”
With that thinking in mind, I have opted for a lot more ‘day trips’ where I fly in the morning and back home at night.  Man, it makes for a long day, but I would rather spend time with my kids the next morning and sleep in my own bed than eat another dinner alone at the Westin hotel bar.
For longer trips, I factor in the amount of time I’m absolutely required to be in attendance.  If there is a “nice to have you there” situation, I now avoid these at all costs.  I’m a better producer for my company when I’m happy, taking care of my health and getting quality time with my family.  That extra travel time is unnecessary.
Individual Time with the Kids
If travel is a part of my job, then so be it.  When I’m home though, I want to make the most of my time with my kids.
Recently my son and I signed up for a program called the Little Gym.  This place is awesome … it is essentially a 45-minute session of father-son bonding time through exercise.  Calvin gets to learn how to play basketball, football, soccer and gymnastics with other children his age and I’m right there with him as he’s experiencing it all.
This quality time together is priceless.  When I see his face light up after he “dunks” the basketball and then runs across the room to give me a hug, I’m in flippin’ heaven.
My goal is to develop a similar bond with my daughter where we have focused Daddy-Daughter time on a weekly basis.  We started a program together at the library called “Little Foodies” where we can create fun themed food treats together and eat them.  I still have a lot to learn about reading recipes, but we’re having a good time together.
We had a blast and I’m looking forward to next month’s session.
This “father-son” and “daddy-daughter” time helps me and my kids ...]]>
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How to Fight Cancer as a Family – with Gene Villeneuve https://www.marriagekidsandmoney.com/how-to-fight-cancer-as-a-family-2/ Mon, 21 Nov 2016 12:10:28 +0000 http://www.marriagekidsandmoney.com/?p=489 <p>According to the American Cancer Society, more than 1 million people in the United States get cancer each year.  Globally, that number rises to around 15 million people. As sad as those statistics are, they are just that … only statistics.  Until cancer effects you, your family or someone close to you, you don’t realize the … <a href="https://www.marriagekidsandmoney.com/how-to-fight-cancer-as-a-family-2/" class="more-link">Continue reading<span class="screen-reader-text"> "How to Fight Cancer as a Family – with Gene Villeneuve"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/how-to-fight-cancer-as-a-family-2/">How to Fight Cancer as a Family – with Gene Villeneuve</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> According to the American Cancer Society, more than 1 million people in the United States get cancer each year.  Globally, that number rises to around 15 million people. As sad as those statistics are, they are just that … only statistics. As sad as those statistics are, they are just that … only statistics.  Until cancer effects you, your family or someone close to you, you don’t realize the seriousness of the disease.  At least that was the case with me.
One of our close family members was recently diagnosed with breast cancer.  She is a young mother of four, a wife, a daughter, an aunt, a cousin and a friend to so many.  Because she is a light in so many people’s lives, her struggle to fight this disease has become her family’s struggle.
She continues to make huge progress every day.  We’re hopeful that her strength, determination and drive to rid herself of this disease will make her cancer-free very soon.
9 Things to Consider While Supporting Your Spouse Fighting Cancer
A short while ago, my wife and I had the opportunity to babysit this family member’s twin baby girls.  That very same night, I came across an article by Gene Villeneuve whose wife is currently fighting breast cancer as well.  The article is entitled “My Wife is My Hero!  9 Things to Consider While Supporting Your Spouse Fighting Cancer”.  
Coincidence?  Maybe. 
Either way, I enjoyed the article and Gene’s message given that our family member was experiencing the same difficult struggle with breast cancer.  
On the show today, Gene and I chat about his family’s current situation and how they are fighting cancer together.  
We review Gene’s “9 Things to Consider” article that has become quite popular online and is helping others cope with cancer in their family.
Show Notes
About Gene Villeneuve

Gene Villeneuve is a Canadian who currently resides in Paris, France with his wife and two children.  He works for an international technology company and manages a European sales organization.  Gene enjoys running and cycling.  He is also a speaker and career coach for students.
Personal website: BusinessHealthResults.com

Twitter: @genevilleneuve

LinkedIn: https://fr.linkedin.com/in/gevilleneuve
Gene’s Article:  My Wife is a Hero!  9 Things to Consider While Supporting Your Spouse Fighting Cancer

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Honey, I died.  Here’s what to do with the life insurance money. https://www.marriagekidsandmoney.com/honey-i-died-heres-what-to-do-with-the-life-insurance-money/ Mon, 14 Nov 2016 23:48:33 +0000 http://www.marriagekidsandmoney.com/?p=192 <p>Hello Nicole.  I’m not really dead. Sorry about that spooky title. But if I do die unexpectedly, I want you to give you and the kids a clear path to feel safe and well taken care of … Hence why I’m writing this letter to you today … The Warm Blanket of Life Insurance As I was … <a href="https://www.marriagekidsandmoney.com/honey-i-died-heres-what-to-do-with-the-life-insurance-money/" class="more-link">Continue reading<span class="screen-reader-text"> "Honey, I died.  Here’s what to do with the life insurance money."</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/honey-i-died-heres-what-to-do-with-the-life-insurance-money/">Honey, I died.  Here’s what to do with the life insurance money.</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Hello Nicole.  I’m not really dead. Sorry about that spooky title. But if I do die unexpectedly, I want you to give you and the kids a clear path to feel safe and well taken care of … Hence why I’m writing this letter to you today … The Warm Blanket of... Sorry about that spooky title.
But if I do die unexpectedly, I want you to give you and the kids a clear path to feel safe and well taken care of …
Hence why I’m writing this letter to you today …
The Warm Blanket of Life Insurance
As I was thinking about writing this, I went on reddit this morning and I saw this terrifying post:
My husband died today.
He was 37. He had a seizure, which led his third heart attack. He had just started a new job, so there is no life insurance.
We have three kids under 6, with the youngest about to be 6 months old. I am a stay-at-home mom.
I feel so lost right now, but I have to be strong for my kids.  
peachizncream, reddit
My heart breaks for this woman.  I cannot imagine what she is going through.
It is stories like hers that remind me why we are more than happy to pay for that term life insurance each year.  Because we make that investment, I know you won’t be in this situation.
But … We never really talked about what to do with the $1,000,000 of life insurance money if I died.  Below are the steps I would take.
What To Do With The Insurance Money If I Die
1.  Get Two Copies of the Death Certificate
Before contacting the insurance company to collect the life insurance money, you will need to get two copies of the death certificate.
You can get these from the funeral director or the cremation organization. Oh, and don’t forget that I want to be spruce tree – shout out to The Living Urn.
2.  Contact the Insurance Company
Inside our lock box, you’ll find a copy of our life insurance policy with the appropriate contact information.  Call the insurance company and tell them that you’d like to file a claim on your late husband’s life insurance.
The process can take up to 30 days.  Don’t worry and don’t feel rushed.   You can use money from our emergency fund for the memorial event.  The way you plan events, I’m sure it’ll be an excellent celebration – don’t forget the karaoke.
3.  Contact My Employer
Where I’m working right now, we have a decent life insurance policy. You’ll get one year of my salary.  I may not be working at my same company when I die, but the majority of decent employers with benefits have some sort of life insurance policy for their employees.
Contact my HR department, discuss the situation and ask them what is the process for receiving the money right away.
4.   Put the Life Insurance Money in the Bank and Wait
You’re going to be feel pretty emotional during this time.  You don’t want to make any quick decisions when you’re not feeling your best.
Since you have the year’s salary to still live on, don’t rush into investing the insurance money once it comes in.
Wait three months before doing anything.
5.  Start Investing
After the three months of grieving has passed and you’re feeling up to it, contact a company like Vanguard or Fidelity to open a brokerage account. You currently have a Roth IRA with Fidelity, so that will probably be the easiest place to start.
Take $500,000 of the life insurance money and place it in your new brokerage account.
My advice for investing would be to follow the same advice billionaire Warren Buffet ga...]]>
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The Joy and Annoyance of Kids – with Clint Edwards https://www.marriagekidsandmoney.com/the-joy-and-annoyance-of-kids-with-clint-edwards/ Mon, 07 Nov 2016 11:11:26 +0000 http://www.marriagekidsandmoney.com/?p=374 <p>Children … They provide us with a sense of pride that is unmatched. Raising kids truly feels like the reason we’re placed on this earth.  We learn from them, we grow with them and the bond that is formed is a blessing from God. Children are also QUITE annoying, sticky and interrupt you constantly. The Stickiness of Parenthood … <a href="https://www.marriagekidsandmoney.com/the-joy-and-annoyance-of-kids-with-clint-edwards/" class="more-link">Continue reading<span class="screen-reader-text"> "The Joy and Annoyance of Kids – with Clint Edwards"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/the-joy-and-annoyance-of-kids-with-clint-edwards/">The Joy and Annoyance of Kids – with Clint Edwards</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Children … They provide us with a sense of pride that is unmatched. Raising kids truly feels like the reason we’re placed on this earth.  We learn from them, we grow with them and the bond that is formed is a blessing from God. Raising kids truly feels like the reason we’re placed on this earth.  We learn from them, we grow with them and the bond that is formed is a blessing from God.
Children are also QUITE annoying, sticky and interrupt you constantly.
The Stickiness of Parenthood
In this session of the Marriage, Kids and Money Podcast, I chat with Clint Edwards about this conundrum of loving and hating your kids in the same day.
Clint is a writer, an author and mostly, a guy who just tells you how it REALLY is when it comes to marriage and kids.  
His brand of honest, raw and hilarious writing has been featured in Fast Company, the Washington Post, the New York Times, Huffington Post and even Good Morning America.  
Clint is currently a staff writer at
Scary Mommy.  If you haven’t checked out Scary Mommy and you have crazy kids like I do, it is a great place to laugh to keep your sanity through parenthood.
For the past year, I’ve been a big fan of Clint’s blog called I have no idea what I’m doing:  A Daddy Blog.  Again, another excellent place for parental levity.  
Late last year, Clint put out a book called This is Why We Can’t Have Nice Things.  It’s a series of short funny stories about Clint’s life as a parent.  I frightened some fellow passengers on the plane with how loud I was laughing while reading this book.  If you have kids and a sense of humor, you will think this book is priceless.
Enjoy!
Show Notes
Clint’s Book — This is Why We Can’t Have Nice Things
Clint’s Blog — I have no idea what I’m doing:  A Daddy Blog
Scary Mommy
Unwanted Parenting Advice from Non-Parents and How I’d Like to Respond 
]]> Andy Hill clean 374 4 Newlywed Debt Destruction Tips https://www.marriagekidsandmoney.com/4-steps-to-eliminating-debt-when-starting-your-marriage/ Mon, 31 Oct 2016 09:14:32 +0000 http://www.marriagekidsandmoney.com/?p=136 <p>In 2010, my wife Nicole and I got married and started our lives together. Financially speaking, we both really enjoyed the DINK (double income with no kids) status in our first year of marriage.  We had a blast going to music festivals, vacationing in the Caribbean and treating ourselves to countless steak dinners.   But … <a href="https://www.marriagekidsandmoney.com/4-steps-to-eliminating-debt-when-starting-your-marriage/" class="more-link">Continue reading<span class="screen-reader-text"> "4 Newlywed Debt Destruction Tips"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/4-steps-to-eliminating-debt-when-starting-your-marriage/">4 Newlywed Debt Destruction Tips</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> In 2010, my wife Nicole and I got married and started our lives together. Financially speaking, we both really enjoyed the DINK (double income with no kids) status in our first year of marriage.  We had a blast going to music festivals, But something was looming that I hadn’t addressed … My mountain of debt that I brought into the marriage.  
My Debt
Prior to us tying the knot, I became very skilled at spending money I didn’t have.  
I leased an Audi TT convertible which you could find parked in my mom’s driveway since I couldn’t afford rent and lived with her.  
As soon as I saved up a little bit of money, I bought a house I couldn’t afford and opened a HELOC (Home Equity Line of Credit) that I used like an ATM card.  I had to stretch each month just to make the mortgage payments.  To make ends meet, I started eBaying everything in sight!  Clothes, books, DVDs, CDs … you name it, I sold it.  Once I ran out of all my worldly possessions, I pulled the last, most embarrassing lever.  It went something like this … “Mom, can you help me out with a few bucks to pay my mortgage/water bill/gas bill?!  Don’t worry, I get paid on Friday Mom!”
Last but not least, I decided it was smart to go back to school to get a Masters degree to advance my career.  Since I didn’t actually have any money to pay for my classes, I took on subsidized and unsubsidized student loans to the tune of about $40,000.   Yikes.
It Became Our Debt
All in all, by the time Nicole said “I do”, she was walking into nearly $60,000 of debt not including the house.  I suppose it is covered in the “for richer or poorer” section of the vows, but I wasn’t totally forthcoming with my situation prior to us getting married mostly because I didn’t even know how much debt I had.  I simply wasn’t educated enough to realize how big of a mess I had gotten in.  
Even her engagement ring was purchased with a combo platter of HELOC loans and student loans.  Talk about a life long bond!  (Adjusting my nerd glasses now.)
The Fix is In
When Nicole and I started talking about having kids – something that was so important to both of us – it got me thinking of the severity of my (scratch that, OUR) financial situation.  I wanted to change our financial family tree for the better.  I wanted our kids to know how to avoid debt and start to build wealth early so they would be set on a path to financial freedom.  If this family tree was going to change, I had to change first.    
I became determined to educate myself in the ways of proper money management.  Books, podcasts, blogs, seminars and a whole of lot of financial trial and error became my new way of life.   
I learned the importance of monthly budgeting.  It allowed us to start controlling our money instead of allowing our money to control us.   
Nicole and I agreed that spending less than we earned would be the key to us making some real change in our lives.  That decision was the complete opposite of splurging on steak dinners, concerts and caribbean cocktails, but we both knew if we were to continue down this path, we wouldn’t be able to realize our dreams together.  
Slowly but surely over the next year, we were able to take advantage of our DINK status and pay off the HELOC and the “Mom loan”.  The mountain of debt was starting to crumble.   
We went to work on the student loans using the same strategy and had them paid off in two years.  With every debt we paid off, we would celebrate.  Those steak dinners started to reappear again except this time we were paying for them with our own money instead of on credit.
Then we started to dream bigger …  We set a goal to both own our cars outright by the following year.   We figured that the less we owe each month through our lease payments, the more of a life we could have together.]]>
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Investing Made Simple – with Scott Alan Turner https://www.marriagekidsandmoney.com/invest-for-the-future-and-retire-rich-with-scott-alan-turner/ Mon, 24 Oct 2016 14:05:26 +0000 http://www.marriagekidsandmoney.com/?p=179 <p>Investing for retirement … We all know how important it is. But where do we start?! How much money do we need? Do we work with a broker? How do we make sure we’re investing correctly? Scott Alan Turner, the author of new book 99 Minute Millionaire, took some time to chat about how anyone can get started … <a href="https://www.marriagekidsandmoney.com/invest-for-the-future-and-retire-rich-with-scott-alan-turner/" class="more-link">Continue reading<span class="screen-reader-text"> "Investing Made Simple – with Scott Alan Turner"</span></a></p> <p>The post <a rel="nofollow" href="https://www.marriagekidsandmoney.com/invest-for-the-future-and-retire-rich-with-scott-alan-turner/">Investing Made Simple – with Scott Alan Turner</a> appeared first on <a rel="nofollow" href="https://www.marriagekidsandmoney.com">Marriage, Kids and Money</a>.</p> Investing for retirement … We all know how important it is. But where do we start?! How much money do we need? Do we work with a broker? How do we make sure we’re investing correctly? Scott Alan Turner, the author of new book 99 Minute Millionaire, How much money do we need? Do we work with a broker? How do we make sure we’re investing correctly?
Scott Alan Turner, the author of new book 99 Minute Millionaire, took some time to chat about how anyone can get started with investing today with as little as $50 in their pocket.
Scott is a successful entrepreneur, a self-made millionaire and the host of the Financial Rock Star Podcast where he helps people get out of debt, save more money and retire rich.  
This man is the epitome of family focused financial success. He and his wife Katie became debt free (including the house) at age 35! With twin toddlers in the house, Scott loves being an early retiree so he has the freedom to spend time with his family on his terms (not the bosses).  
99 Minute Millionaire
Scott’s new book, 99 Minute Millionaire, has everything you need to know about getting started investing so you can free yourself of worry, stress, and have financial freedom.
I plowed through this book on a Labor Day family trip to northern Michigan. I would highly recommend you pick it up. It was a quick read and it had everything you need to know about investing for your retirement in a simple, easily digestible format.  
Scott’s insights into investing and living an early retiree’s life are inspiring and entertaining – you’re going to enjoy this session.
Show Notes
Scott’s Website – GetFR.com
Scott’s new book — 99 Minute Millionaire
Website to review the fees you are currently paying with your investments – feex.com

How are you saving for retirement?  Have you read Scott’s new book?

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