Are credit cards really all bad? The fact of the matter is that with a little planning, you can get the most out of your credit cards. View your credit cards as a tool, and you might be surprised at what you can accomplish. David Rubenstein from Credit Shout joins us to talk about strategies to make the most out of your credit cards. Our panelists …

Is it really possible to create your dream lifestyle? With planning and determination, our guest Jason Vitug, the founder of Phroogal, traded in his corporate job for a dream lifestyle. Now he travels the country teaching others how to do the same. Some of our own panelists are also creating their preferred lifestyles. Find out how to figure out wh…

What does it mean to be wealthy? The truth is that we all have different ideas about what wealth is, and what it means to be rich. Join the hosts of the Money Mastermind Show as they discuss what wealth means to them, and as they consider what it takes to be truly wealthy. You might be surprised to discover that wealth is a state of mind, and not s…

Are you hoping to increase your income? The good news is that you can always make more money. With the help of side hustles, you can increase your income and work toward your most important money and life goals. David Carlson, the author of Hustle Away Debt joins us to talk about the side hustles you can start today to boost the amount of money in …

Are you drowning in debt? Do you wish you could get rid of it as soon as possible? Our guest Deacon Hayes from the Well Kept Wallet paid off $50,000 of debt in 18 months. Do you have what it takes for rapid debt reduction? Even if you aren’t interested in being that extreme with your debt repayment, this episode can still help you figure out the be…

Are you looking to save money over time? You might be surprised at how much you can save with the right meal planning. You don't have to spend a lot of time putting together a meal plan, either. You may not even have to clip coupons. Erin Chase from $5 Dinners joins us to share her strategies for saving money and eating healthy with the help of mea…

A lot has been said about millennials and how they handle money. In this episode, the crew talks about what millennials need to know about money today. Drawing from some of our own mistakes with money, we talk about ways that the following generation can avoid falling into the same traps. https://moneymastermindshow.com/millennials-money/ Important…

Are you concerned about getting started as an investor? You know that you need to invest if you want to build wealth over time. But do you have the tools you need to start investing? Stuart Ritter, VP of T. Rowe Price Investment Services, talks to us about how simple it can be to start investing, and what you can do to begin building wealth today. …

Do you dream of being your own boss? In theory, it sounds like a great idea. Creating multiple businesses, growing your wealth and living the dream, might even be more attractive. But is everyone meant to be a business owner? Even if you have a business, do you have what it takes to be a serial entrepreneur? You might be surprised to discover how m…

Are you looking for new insights and ideas about money? Pick up a book! We discuss our favorite personal finance books and some of the ways they influenced the way we manage money. Add new books to your reading library and learn something new about money and money mindset. https://moneymastermindshow.com/personal-finance-books/ Important issues dis…

This isn't your mom's extreme couponing. Join us as we talk to Kyle Taylor from The Penny Hoarder about deal stacking and how it can be used to save money on almost everything you buy. This isn't about clipping coupons. It's about using credit rewards and stacking them with online rebates and making other moves to avoid paying full price on everyth…

There are many different personal finance software options available today. Many of them have features that you might find helpful in managing your finances, but not all of them are the same. Depending on your style, some personal finance software programs might work better than others. In this episode, the Money Mastermind Crew discuss their favor…

When it comes to building wealth, there are two main things to focus on: investing and creating a business. Long-term, you won’t be able to build the wealth you dream of if you are working for someone else or you aren’t investing. If you want to be more effective at wealth-building, start now to invest for the long haul, and consider creating a bus…

Did you give up on your New Year resolutions ages ago? That doesn't mean that it's the end of the road for you. You can set realistic and achievable goals any time of the year. Don't get bogged down by excessive expectations, and don't assume that you can't start over again. Forget about the idea of only setting goals at the beginning of the year. …

At some point, you are likely to face the choice of moving for your career. Finding a new place to live, along with a new job, can be good for your finances and your life. Before you take the leap, make sure it’s the right move for you. Jessica Moorhouse joins us to talk about her experience moving across Canada for a career opportunity. Whether yo…

The idea that you can reach financial independence is one that inspires many. What would it be like to be in a position where you don't have to worry quite as much about money? Sean Cooper joins us to talk about what he's doing to reach financial independence -- including how he paid off his mortgage in just three years. https://moneymastermindshow…

Many of us are looking for another source of income. You might try to look for a side gig to start a new full-time business. One way that many people use to make money is multilevel marketing (MLM). However, an MLM might not be your best option when it comes to a source of income. In fact, many of the MLM companies out there are more like pyramid s…

Kids can be expensive. The USDA estimate that it costs more than $200,000 to raise one child from birth to college. Can you really raise your kids without going broke? Brynne from FemmeFrugality joins us to talk about raising kids on a budget. She also includes her perspective on raising a child with special needs. You don't have to spend a fortune…

Are you stuck about what to do with your money? Are you unsure of where to go next? A financial planner might be able to help. There's a reason that even financial professionals look to others for an outside opinion. A good financial planner can help you see new things about your finances, and make a plan for the future. Katie Brewer from Your Rich…

Navigating money issues in a relationship can be tricky. How can you accommodate different spending priorities with your partners? How do you discuss your finances, and how can you compromise with your choices? Join us as Talaat and Tai McNeeley of His And Her Money join us to provide tips for how to talk about finances with your partner. https://m…

If you're an entrepreneur, the ultimate goal might be to quit your job and do what you love full time. But when do you know it's time to bail? Steve Chou from My Wife Quit Her Job, Profitable Online Store, and Bumble Bee Linens, has built more than one successful business, and he joins us to talk about how you can figure out when it's time to quit …

Health care costs have been on the rise for decades. However, in recent years, the rate at which health insurance premiums have been rising is slowing. No matter what happens, though, the for-profit nature of our system means that health care costs are always going to go up. Investors expect to be paid, and that means prices will always be going up…

We all wish we made more money. However, you have better chance of making that money if you ask for it. Before you ask for a raise, though, it's important to do your research. Jason Hull from myFinancial Answers joins us to talk about how to negotiate a better salary. If you are trying to decide how much to ask for, and how to approach the situatio…

LIVE from the TradeKing Podcast Stage at #FinCon15, we talk to a host of great past and future guests about what makes someone a financial expert. We also talk about how much you can trust financial experts and discuss some really bad financial advice. https://moneymastermindshow.com/episode65-what-gives-someone-credibility-as-an-expert/ Here’s who…

With the stock market somewhat volatile, many people are looking for ways to make more money outside "traditional" means. Alternative investments like real estate, tax liens, private mortgages and others might be the way to go. You might even be able to enjoy a tax advantage with a self-directed IRA. But are these investments right for you? Kirk Ch…

Could you actually see a better quality of life if you choose to move to an area with a lower cost of living? Aja McClanahan from Principles of Increase joins us to talk about how she enjoys a higher quality of life by living in an area that costs much less than the surrounding area. Other members of the show also talk about their decisions to make…

Can the way you live your life affect your finances? Yes it can! Josh Elledge from Savings Angel joins us to talk about how your lifestyle habits and choices can impact your finances. Don't let your lifestyle drain your money resources. https://moneymastermindshow.com/episode62-how-life-habits-affect-finances/ Important issues discussed in this epi…

We've seen quite a few moments of volatility in stock market during recent months -- including dramatic drops of more than 200 or 300 points. But do you really need to freak out and sell when the stock market goes down? The reality is that too many people realize losses when they panic and sell while the market is down. Instead of making a terrible…

Do you feel down about your money situation? You might surprised to know how effective positive thinking for your finances can be. We chat with the Debt Free Guys about how they turned their financial life around, starting with the stories they told themselves. They also diagnose Miranda’s difficulties with positivity following some major life chan…

Are you constantly trying to update your outdated technology, clothing, and other items? Do you find it takes a lot of money to keep up with these costs? Michelle Jackson of Shop My Closet joins us to talk about how to save money by giving your old things new shine. Don’t get caught in the trap of discarding old things — and replacing them with new…

One of the best ways to save money is to not spend it in the first place. Have you ever thought about minimalism? The idea is to live with fewer things in order to have more money for what really matters. Can minimalism help you save money? Our guest Cait Flanders thinks so. She talks about her year-long shopping ban, frugality, and her own experim…

Moving is expensive, whether you are going across town or across the country. Here’s what you need to know how to save money on your next move, from getting the right transportation to making sure all of your belongings are properly packed. Our panelists have recent experience in moving, so buckle up for an informative show! https://moneymastermind…

Are you looking for a little comic relief when it comes to money? In this fun episode featuring the always-entertaining Joe Saul-Sehy, we talk about our funny money stories. Some of the highlights include: A couple whose weekly budget included $100 for marijuana The hope of winning $25,000, only to be disappointed A teenager who managed to (acciden…

According to TheKnot.com, the average wedding costs more than $30,000. Even more conservative estimates put the average cost of a wedding at more than $20,000. But do you really have to spend that much? Sandy Smith from Yes, I Am Cheap spent less than $5,000 on her wedding in New York City. She, and the members of our panel, have tips on how to sav…

Everywhere you turn, it seems as though someone is trying to separate you from your hard-earned cash. If you want to keep your money safe, you need to avoid financial scams. Mark Tan from Thrivent Financial joins us to talk about common scams and how to spot — and avoid — them. We also talk about identity theft, how to protect your identity and wha…

You're in your 20s and just figuring it out. One of the most important things you can do is get on the right track with your money. Martin Dasko from Studenomics joins us to talk about the best things you can do with your time and effort to start on the right financial foot. We also talk about the importance of making the right money moves without …

For most people, a mortgage is something that sticks with you for decades. But there is a way to get beyond it: pay off your mortgage early. Kornel Szrejber from BuildWealthCanada.ca joins us to talk about how he paid off his mortgage in six years. Should you pay off your mortgage early? Or are there other ways to use your money? https://moneymaste…

What if you could create an executive summary of your financial plan and put it where it could remind you of your values every single day? That’s what Carl Richard’s, the best-selling author of The Behavior Gap and The One Page Financial Plan, talks about in this week’s episode. If you’re ready to base your money decisions on your values, and simpl…

Our experiences shape our relationships with money. When you add another person to the mix, things can become stressful. There are times that, even when you feel you are with your perfect match, that you might not be on the same financial page with your partner. Managing money as a couple requires openness and communication. Elle Martinez from Coup…

We’re told that there are certain financial milestones we’re supposed to reach in order to be successful. Some of the main financial milestones considered “normal” include college, marriage, buying a home, having children and retirement. Do you have to reach all of those milestones, though? How do you decide which milestones should be part of your …

The three-legged retirement stool is broken. You can’t rely on Social Security and the pension system isn’t fool-proof. All that’s left is your own savings. We’re joined by Andrew Meadows from BrokenEggsFilm.com, a documentary about the looming retirement crisis in America. We talk about how we got to this point and what you can do to shore up your…

Life is about change. We all experience major changes in our lives, whether we are getting married, losing a job, moving across the country or preparing for a new baby. These major life changes are often expensive, however. How can you prepare for a major life change? This week the crew discuss some of their own major life changes, and what they di…

Outstanding student loan debt tops more than $1 TRILLION. And, as anyone who has graduated in the last couple of years knows, finding a job that earns you enough to repay your student loan debt is difficult. The good news is that you have options when you can’t pay your student loans. Jay Fleischman of The Student Loan Show joins us to talk about w…

Most of us have heard of the “Latte Factor,” a term introduced in David Bach’s book The Automatic Millionaire. But will cutting coffee (and other little expenses) from your life really turn you into a millionaire? Matt Giovanisci from Roasty Coffee and Stephanie Halligan from You Deserve More join us to talk about the realities of penny pinching. A…

It seems like everyone wants to be an entrepreneur. But what separates the entrepreneur from the small business owner? Jason Vitug, the founder of Phroogal.com is learning what it takes to be a successful entrepreneur and he joins us to talk about it means to strike out on your own. We talk about what you can do to determine if you are cut out to b…

In this episode, we’re joined by a cast of financial experts who chime in on what makes money jokers. You might be surprised at how costly fees can be. Without paying attention, you might get roped into a monthly payment plan that costs you more in the long run. Before you make a purchase, do your research. We’ll help you spot money jokers so that …

In this episode we discuss the concept of opportunity cost with special guest Kevin Stewart from stocksfortheweek.com. We look at opportunity cost, and how it could be killing your financial future. What is opportunity cost? How can you determine if something is worth the cost? Is it about more than just money? https://moneymastermindshow.com/episo…

Ever wonder what makes a millionaire tick? Why does that person become one and another doesn’t? Ever wonder how you could be a millionaire? Tonight we delve into the traits that make you a millionaire, while referencing the works of Thomas J. Stanley, author of books like The Millionaire Next Door. https://moneymastermindshow.com/episode41-what-tra…

Wasn’t it just yesterday we were doing the annual “Make Your New Year’s Goals” episode? Statistically speaking it’s pretty safe to assume more than a few of us are having troubles making the lofty changes we initially set out for ourselves. Todd Tresidder of FinancialMentor.com is here to let us in on a few hard realities surrounding setting financ…

If you’re a free-thinking individual that often finds themselves not just outside the proverbial box, but so far away from the norm that you forgot what “the box” ever looked like, then this is the episode for you! Joan Sotkin of ProsperityPlace.com has left SMART goals in the dust in her pursuit of emotional nirvana and financial utopia. We try to…