Welcome to the Save Like Dave Podcast where we are on a mission to help you SAVE and WIN with your money no matter how much you are currently making. This is a Christian Finance Podcast teaching you practical tips on saving and investing with lots of interesting examples and unique, applicable life experiences. We are a father/son team with Dave (Nate is Dave's son and co-host) being the personal finance expert and guru. Dave’s done it and he’s here to help you achieve your financial goals t ...
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074 | Are You Better Than Average? [Financial Tips for Getting Ahead]
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Most of us are average. It’s just a statement of fact. In this episode, Dave is going to discuss what being in the middle looks like - financially speaking, and then shares suggestions that you can implement into your life to be better than average. Being average in America is all too common. We quickly spend as much as we make, and lifestyle infla…
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073 | 10 Ways to Save an Extra $400/month
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Today, Dave will share 10 ways to save an extra $400 a month. Sounds impossible? Well, listen in and learn how you can do it too! Now these 10 things that are shared should be taken as a whole. In other words, if you apply several of these ideas, you can get to the savings goal you want to reach. Most are little things that when taken as a whole wi…
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072 | What is a 1031 Exchange, Anyway? [learn why it’s so special]
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What is a 1031 Exchange Anyway? Today Dave is going to share what I consider the 2nd best gift the US government has given us to win with money. It’s a bit more complicated than other methods of winning with money that I’ve discussed prior, however, it’s such a good one, Dave will explain what it is and how it can help you keep more of your money! …
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Is there such a thing as good debt? In Dave's opinion, not all debt is considered "bad" debt. Good debt is viewed as taking on debt that benefits your life. This debt is a way to create wealth by leverage… a mortgage for a house will build equity, for example. Bad debt, on the other hand, does just the opposite. It’s a burden, a weight on your shou…
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070 | Lifestyle Inflation & How You Can Avoid It
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Over one-third of adults in the United States reported that they would not be able to cover a $400 emergency expense without borrowing money or selling assets (Federal Reserve Survey). This suggests that as people's incomes rise, they often tend to increase their spending on non-essential items and experiences, leaving them financially vulnerable i…
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069 | Charlie Munger's 8 Ways to Win With Money
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Sadly, just this week, Charlie Munger passed away. He almost made it to 100! In this Podcast, Dave shares 8 practical tips from the famed investor Charlie Munger. Munger was both straightforward and brilliant at the same time. We can ALL learn a thing or two about money from this wise man. Even though Munger had reached billionaire status and was a…
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068 | 8 Daily Habits That Will Change Your Life
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In this episode, Dave is going to share 8 key daily habits that can help you change your life, including one focused on winning in personal finance. How many of these 8 habits do you follow? Listen in and see how many of these 8 habits you currently possess and see if there are any others that you can begin implementing to start improving your life…
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The average American spends 10 minutes or less per day reading! Even more, 27% of adults in the US didn’t read a book in 2018. As you can see reading has become a low priority for many Americans - I hope you’re not one of them! Today, Dave is going to share 5 books that he hopes will excite you about personal finance. When Dave was beginning his fi…
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066 | 5 Reasons Why You Aren't Winning With Money... (and how to fix that)
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Only 1 in 10 lower-income workers between the ages of 51 and 64 have ANY money saved for retirement! That means 9 out of 10 lower-income workers have nothing to show for all their hard work. Think about that for a minute. This is an incredible statistic that we want to avoid at all costs. On today's podcast, Dave shares 5 common money fails, plus 5…
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065 | 5 More Practical Bible Verses About Money
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The Bible has a lot to say about money. More than half of Jesus' parables have to do with money and possessions. If you are a Christian, it certainly is not something to be taken lightly. If you are not a Christian, then perhaps these verses don't have as much significance to you. That said, whether you believe them or not, these 5 verses provide t…
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064 | 5 Bible Verses That Will Help You Win With Money
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16 out of 38 of Jesus’ parables deal with money and possessions. Nearly 25% of the words Jesus spoke in the New Testament deal with biblical stewardship and 1 out of 10 verses in the Gospels deal with money. In this Podcast episode, Dave is briefly going to share 5 verses about money from the bible. These are timeless statements from the Bible that…
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What does it mean to have a satisfied mind? In this episode, Dave is going to share how having balance or, you could say having ‘A Satisfied Mind’ can make all the difference in your journey financially speaking. Dave shares how your passions, relationships, and personal growth all contribute to living a good life. Remember, the pursuit of wealth s…
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062 | 11 Great Frugal Examples From Warren Buffett's Life
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Did you know that being frugal comes with some incredible advantages? Today, we'll explore some of the best frugal examples from the life of one of the world's most renowned investors - Warren Buffett! For instance, did you know that Warren Buffett still lives in the same modest house in Omaha, Nebraska, that he purchased in 1958 for $31,500? Despi…
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061 | Think Twice Before Retiring Early (Learn About the Penalties)
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Early retirement sounds great in theory, but have you ever thought through all the increasing risks of running out of funds? Additionally, retiring early may result in a loss of social connections and a sense of purpose, potentially impacting mental and emotional well-being. This is something Dave knows all too well. In this episode, Dave is going …
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060 | 5 Reasons YOU MUST Open A Roth IRA Today!
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In our opinion, the Roth IRA is the best available retirement product for every American. When planning for your future, where else can you get tax-free withdrawals in retirement with long-term tax advantages? In this episode, Dave presents 5 great reasons to open a Roth IRA today (and start contributing) so that you can start winning with money. T…
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059 | The Rich vs. The Poor: 10 Things That Differentiate the Two
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Dave is going to touch on 10 things that separate the rich from the poor. No shame here, just a little knowledge for you to dissect on your way to winning with money. For instance, individuals with higher levels of education tend to have higher earning potential and access to better job opportunities. It's important to note that financial success i…
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058 | Become a Better Investor Doing These 6 Things
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Welcome to this lesson on becoming a better financial investor. In this episode, Dave is going to share 6 key things that you will need to do to become a great financial investor. Investing can be a powerful tool to build wealth and achieve financial goals, but it requires knowledge, discipline, and a well-thought-out strategy. Today's podcast will…
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057 | Struggling to Make Progress Financially?
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Excellence is never an accident. It is always the result of high intention, sincere effort, and intelligent execution. It represents the wise choice of many alternatives. Today, Dave is going down a different path in the sense that he’s going to cover more of the psychology of why we make decisions and how to make better ones. "Choice, not chance, …
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056 | Millennials and Their So-Called Inheritance
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Attention Millennials - have you ever thought about winning the lottery? Now don’t act like you haven’t. I know you have… everyone has. Today, Dave is going to talk about the greatest wealth transfer in history. Baby boomer parents are set to leave their millennial children $68 trillion! But, hold on to your horses because Dave has a little more to…
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Don’t let the government decide for you where YOUR money goes. Today, Dave is going to share some important thoughts on what you need to do to best protect your assets when you pass on because you can't take them with you. You are going to learn the basics of why it's important to set up a will or a trust and also what it means to set a beneficiary…
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Money makes money, and the money that money makes... makes more money. Albert Einstein once said that "compound interest is the eighth wonder of the world." This being a personal finance podcast, Dave thought it might be a good idea to talk about this subject in a bit more depth. Learn all about the amazing effects of compound interest in this week…
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053 | How Much Should You Have in a Single Stock?
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How much money should I put toward individual stocks? Is it okay to invest in my favorite company? Make sure to toon into this week's episode as Dave is going to share a remarkable story that brings to light the pitfalls of putting too much of your cash into one stock. If you’ve spent any time learning how the stock market works you probably have h…
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One survey I read said that just ¼ of kids 13-21 actually learn from their parents. Only about 1 in 4 of the children are getting any solid financial education from their parentals! Today, we want to discuss a topic that is near and dear to our hearts and that is to help people become savers and not just spenders. More specifically, we are going to…
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051 | Teaching Your Kids About Money (and doing it early!)
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Dave is going to dig deep on the subject of kids and money so that if you have kids or have a connection to kids and want to get them off on the right foot, financially speaking, come along for a listen. Now I know everyone's story is different. Sadly, financially speaking, many kids these days are not being taught anything about personal finance, …
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Are you house-rich and cash-poor? Find out on this week's episode... Did you know that those who delay gratification are more self-motivated and more able to face future obstacles or challenges when they come? Delaying a reward can be hard at the time but the rewards for waiting will outweigh the initial disappointment you may have. Today, Dave is …
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In this episode, you will learn some practical tips that will help you to keep your ‘financial house’ in order. Personally, Dave has implemented all these tips and they have taken the stress out of that part of his life. For instance, do you find that every year around tax time you start to feel your blood pressure rise and you stress out more than…
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048 | 10 Best Things YOU Can Do To WIN With Money
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Today, Dave will give you 10 specific things you can do to win with money... And along the way, you may very well become a millionaire! Dave receives emails asking for advice on finances on a regular basis and he is always happy to respond. He's so encouraged that you all are choosing to change your financial habits and win with money 🙂. One of the…
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047 [Parte 2] | 3 More Things To Do to Get Your Financial House In Order
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These past couple of years have been hard on all of us. With a worldwide virus raging throughout the world, many lives were lost, millions had to change how they worked, and many others lost their jobs completely as we all experienced a once-in-a-century phenomenon. With that gigantic disruption, many experienced final loss and disruption to their …
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047 | 3 Things to Do Right Now to Get Your Financial House in Order
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Do you have your financial house in order? Unfortunately, only 27% of Americans have a financial plan. Let's hope you are better than the majority. In this Podcast episode, Dave discusses 3 things you can do right now to get your financial house in order. All three are essential if you want to win with money. For instance, you can't progress financ…
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046 | Are You Counting on an Inheritance? [Listen to this First]
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So you think you can put off saving for retirement because Dad and Mom have already told you that they will leave it ALL to you when they're gone? Or maybe you're really close to a RICH UNCLE… or AUNT. You just know there’s something coming your way… Well, maybe it's time to think twice. Listen in on this episode as Dave has lots of important thing…
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75% of Americans live paycheck to paycheck! Just 25% of all people make a budget and plan their finances. Today Dave is going to talk about the subject of making a budget and WHY it’s SO important in helping you win with money. In this episode, we want to share some really good reasons to have a budget and hopefully, by the end of the episode, YOU …
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“If you find a job you love, you’ll never work again...” That quote is attributed to Winston Churchhill and we wholeheartedly agree. Today, Dave is going to tell you about his career, the ups and downs, and more importantly, why it’s SO IMPORTANT to find a career that you love. You see, Dave worked for 30 years in a job that he didn't love. That jo…
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043 | Retired at 28 Making $8k/month Passively... Yeah, Right.
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Today Dave is going to share a pretty amazing story of someone who is so frugal that she saves ½ of her income! The thing that is truly amazing is what she was able to do with that extra savings! Being frugal changed her life dramatically and gave her an amazing quality of life. Listen in to this story as Dave shares how one person retired at 28 ye…
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042 | Retirement Statistics That ACTUALLY Matter
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Did you know that 50% of people retired before they would have liked to? This could be due to layoffs, caregiving responsibilities, an unexpected change in their financial situation, or perhaps even health issues. That’s a huge number! 1 in 2 chances it could be you, right? In today's episode, Daves shares some important retirement statistics that …
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041 [Part 2] | Life Lessons From Mark Cuban
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At age 12, Mark Cuban sold trash bags door to door. Further on, he owned a bar after college and he later hit it really big when in 1995 he sold his company Broadcast.com to Yahoo for $5.6 billion dollars! Now you could say Mark Cuban is a lucky man and indeed he is. However, if you thought that, you may have missed the main point. Sure he was ‘luc…
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041 | Mark Cubans Genius Financial Tips [Part 1]
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Have you ever heard of Mark Cuban? Or better yet, Shark Tank? I’m guessing that if you do know who he is, it may be because of seeing him on TV with Shark Tank. Mark Cubans is a world-famous entrepreneur and the owner of the Dallas Mavericks basketball team. In this episode, you're going to learn REAL ways to win with money as Dave shares some amaz…
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040 | The Time Value of Money: The Good and the Bad
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If you invested $250 per week for 30 years and averaged 7% in a tax-deferred account, you’d have over $1.2M dollars at the end of those 30 years. Today, Dave is going to explain what the time value of money is and how it can affect you both positively OR negatively depending on what you do with your money. The time value of money is a very interest…
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11% of workers plan to retire at age 55. Are you one of them? You get Dave’s vote if you do, however at the same time, it’s important to think it through though. Otherwise, you may be in for some unpleasant surprises, and financially speaking that could ruin your dream retirement. Hear what Dave has to say on today's episode. Sounds amazing to reti…
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038 | I'll Take My Income Without Taxes Please
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Did you know that ‘sweat equity’ is tax-free? If for example, you and your spouse buy a fixer-upper, work hard and bring it back to life and then sell it 2+ years later, any gain up to $500K is free for the two of you. Today, Dave is going to share 6 great ways to save money by not paying taxes. All these 6 ways are amazing and completely legal tha…
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037 | Teenagers Are More Money Savvy Than We Think
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74% of teens don’t feel confident about their financial education! Well that’s not very encouraging, is it? Surprise, all is not lost, there is some good news regarding today's teenagers! Today, Dave will share what that is all about and why SOME are winning with money... And guess what, YOU may even learn a thing or two about money from these teen…
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036 | 10 Ways To Reach $1 Million Dollars by 65
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17 out of every 100 people are millionaires at 65. There is a very good chance that you are friends or have a relative that is a millionaire. The question today is do YOU want to become one? Today Dave will discuss 10 ways to help you win with money and make it to that special million-dollar threshold. As you'll find out in the episode, it’s not al…
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In today's podcast episode, we discuss what it means to be average financially speaking vs. where you stand in the median group. There is a big gap between the two and today we will focus on those median numbers (the number right in the middle of the highest and the lowest number). You see, the average numbers are the total of a group averaged into…
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034 | What is YOUR Net Worth & Why is it Important?
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1984 was the year Dave first began to keep track of his finances with the help of a Net Worth Statement. Every year since, Dave takes an hour or so on the first week in January and determines that number. Now 35+ years later he has a simple 1-page record of what his net worth is. That first year it was just $50K. In this episode, Dave is going to e…
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033 | Minimum Payments Changed Their Life
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I know a couple who both have a great job in sales and have an awesome salary, are married, have 2 kids, and have a house with a picket fence. Many people would say that they have got it all figured out. Their family is a success, they are living the ‘American Dream’. Well on the outside they were, but on the inside, they were drowning in debt. In …
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032 | Lots of People Make Money... But Not Many Keep Money
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It doesn’t really matter what age you start to save, what matters is that you do it. It’s never too late or too early to start saving. Let me put it another way, it’s not ‘how much should I save,' but it should be ‘how much can I save’? Today, Dave is going to tell a story about a good friend that, unfortunately, has not been able to win with money…
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031 | How to Save $2 Million at Retirement... (How YOU Can Do It)
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According to Time magazine, it is estimated that for a millennial with 40 years until retirement, $1 million in savings is not likely sufficient. Taking into account 3% inflation over that time period, it would be worth just $306,000 in today's dollars. See, if you are young, because of inflation, that $1 million will be considerably less in purcha…
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030 | Saving $1M For Retirement Earning Just $60k/year [Lesson on Saving Early!]
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Saving money for retirement can be difficult. For one thing, it seems SO far off. Many people tend to kick the can down the road a bit longer than they should and then at retirement they are not happy with the results. At age 30, the average American has saved $45K for retirement. At 40 it’s $63K, at 50 it’s $124K, and at 60 it’s $172K. Are YOU AVE…
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029 | 6 Simple Steps to Create Good Habits
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Your life is to a large extent the sum of all your habits – good or bad. Research has shown that over 40 percent of what you do is habitual. It takes on average 21 to 66 days to fully learn a habit. Do you have what it takes to make saving money a habit? Here are 6 steps to change your behavior according to the International Journal of Behavioral N…
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028 | 10 Clever Little Hacks To Save More Money
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A recent study shared that people between 18 and 37, Generation Z and Millennials, are saving nearly 16% of their annual income away for retirement, including employer contributions. That is amazing! Now, are you one of them? If not, don’t despair, today Dave is going to share money hacks, and if YOU are willing to implement them, they can change h…
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027 | Super Simple Ways to Teach Kids About Money
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Less than a third of parents educate kids about saving money for retirement and only 30% of parents teach about investing money with their kids. Those statistics are not so good! Maybe you are one of those kids that just didn’t get the information you needed on basic finance. Schools are really challenged to teach all that is needed for a student t…
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