Why You Need a Trust to Protect Your Family – with Cody Barbo and Patrick Hicks

As a parent, I’ve always heard that it’s important to have your estate in order. You know … your trust and your will. But since I’ve never felt like I own an “estate”, I haven’t quite gotten everything in order per se.

I invited Cody Barbo and Patrick Hicks from Trust & Will to talk to us about the importance of a trust when it comes to protecting our family wealth and legacy. We also discuss the differences between a will and a trust.

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How Couples Can Stay Motivated When Paying Off $100,000 of Debt

Our first question of the month comes in from Daniel from Texas who wrote to me on my Facebook Page:


Andy, 

My wife and I have been married for 3 years. We are currently trying to pay down approximately $103,000 of debt. We initially started with $190,000 of debt when we got married. So we are progressing. 

What’s the best approach to talking about debt and tackling it together? 

We’ve taken the Dave Ramsey course and are currently doing the Debt Snowball, but at times we get into little arguments on our approach on how to tackle this debt. Any advice on how to handle that? 

And what did you guys do to stay gazelle intense while on your debt-free journey? We are starting to get pressure from family about having kids and she feels like we are stagnant in our lives due to this debt.


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How I Helped My Daughter Secure Her Financial Independence with a Roth IRA – with Doug Nordman

Setting up a Roth IRA for your child can be an excellent way to support their future financial freedom. By demonstrating the importance the investing to your kids at a young age, you’re helping them to develop financial skills that will last a lifetime.

Today, we’re interviewing a father who’s actually put the Roth IRA to use for his daughter. Doug Nordman is the author of The Military Guide to Financial Independence and Retirement and the founder of the website The Military Guide. After serving 20 years of active duty in the US Navy, Doug retired in 2002, at the age of 41. Doug’s financial expertise has been featured in major national publications like MarketWatch, Business Insider, and CBS News.

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Why You Should Track Your Net Worth (And How To Do It Easily)

Have you ever taken the time to calculate your net worth?

It’s something that most people have never done despite it being one of the most important financial numbers. It doesn’t matter how young or old you are or whether you consider yourself rich, poor or somewhere in between.

It’s fairly simple to figure out your net worth. If you haven’t done it yet, let’s walk through why it’s important and the best way to calculate it.

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7 Dreams That Can Come True When You’re Debt Free

For the young couples and parents that are reading this, I think it’s safe to say that a whole bunch of you are looking for a little more freedom and fun in your lives. And I truly believe that when you become debt free, you will experience that freedom. You’ll also experience a reduction of stress like you never have before.

I know that me just spouting off words and phrases like “debt freedom” or “stress reduction” may not motivate you to jump out of you seat and start crushing debt. But perhaps if we get a little more specific together, it may just do the trick.

Here are 7 dreams that can come true when you’re debt free:

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10 Steps to Young Family Wealth and Happiness

Over the past two years when I run into someone and tell them about my podcast, one major question that continues to come up is  “What have been your biggest takeaways?”

It’s a great question.

It’s the whole reason I started the show. I wanted to learn from some incredibly smart, family-centric, wealthy, philanthropic, independent, in-control of their future rock stars that would motivate me to give my family the best life possible. And it’s worked.


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Investing Made Simple – with Scott Alan Turner

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?

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Keep the Mortgage for Tax Savings?

My mother-in-law, my wife Nicole and I were standing in our kitchen the other day catching up on life.  In conversation, Nicole brought up the fact that we’re one year away from paying off our mortgage and we’re excited to see what our life is like when we’re completely debt-free.  Our plans for annual vacations with the kids, starting a business and saving more for retirement all came up.

My mother-in-law was very interested in our decision and asked:

“Don’t you need to keep your mortgage for the tax benefits?”

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