This week, I’m answering your questions about debt, emergency savings, sudden windfalls, deferred compensation, withdrawal strategies, Andrew going vegan, monarch money, savings on kid’s stuff, when to track your net worth estate planning, and more!
In this week’s podcast, we talk about:
– How to stay motivated while getting out of debt
– How to handle an unexpected large sum of money
– Influencer courses and if they’re worth your money and time
– Finances in a blended family that is early retired
– Advice for Canadians that don’t have the same levers as in the US
– How to determine your withdrawal strategy at retirement age
– If there is anything that keeps me up at night about being early retired
– Tips and tricks for using Monarch Money
– Spending and savings on kid’s clothing and activities
– Explaining deferred compensation to a 5th grader
– What day I track my net worth, and why
– Replenishing your emergency fund after using it for an emergency
– Tips, tricks, and advice for rental properties
– Estate planning and wills for people who are young and think they don’t need it
– Making sure you’re not passing on a money mess to your beneficiaries
– How many credit cards is too many? I have seven and pay off fully monthly
– What actionable steps I took to become financially free
Show References:
- friends on FIRE podcast #027 – Why Tracking Net Worth Matters
- friends on FIRE podcast #015 – Expense Tracking Gone Wild
- Inside Out Money podcast #029 – The great mortgage debate: payoff or invest?
- CampFI YouTube video of Greg going over Monarch Money and how we use it
- Monarch 30-day FREE trial – Maggie & Greg’s Referal link
- friends on FIRE podcast #138 – How a family of 5 can afford to retire at 41 and 43 (part 2 of 5)
- friends on FIRE podcast #190 – The financial mechanics of early retirement
- Inside Out Money podcast #022 – How much do you need to retire? Flaws in the 4% rule
- Vanguard PDF: Fuel for the F.I.R.E.: Updating the 4% rule for early retirees
- The ultimate guide to safe withdrawal rates- part 1
- The ultimate guide to safe withdrawal rates- part 2
- Safe Withdrawal Rates: A Guide for Early Retirees
- Cfiresim tool
- Early retirement now – withdrawal rate toolbox
- friends on FIRE podcast #172 – Why are kids’ sports so expensive?
- Inside Out Money episode #055 – Our formula for how much to keep in your emergency fund
- friends on FIRE podcast #066 – How rental properties can grow your wealth (or cause headaches)
- Inside Out Money episode #019 – Rental property management – why and how we self-manage
- friends on FIRE podcast #040 – Estate Planning with Elaine Levine
- https://getyourshittogether.org/
- Inside Out Money episode #039 – What’s in our wallet? Our index funds, accounts, and more!
- Inside Out Money podcast #13 – Are we quitting travel hacking?
- friends on FIRE podcast #083 – Travel Hacking with Julia from Geobreeze Travel
- friends on FIRE podcast #134 – Travel hacking our way to 1 million points in 2022
- friends on FIRE podcast #152 – Travel hacking thru the summer and 1M point goal update
- friends on FIRE podcast #170 – Travel Hacking – Now, what do I do with all these points?
- friends on FIRE podcast #138 – How a family of 5 can afford to retire at 41 and 43 (part 2 of 5)
Follow and connect with Inside Out Money:
- YouTube
- Leave us a voicemail or text us: 404-981-3370
- eMail us at: insideoutmoneypod@gmail.com