Money for Life with Eric Roberge, CFP

Latest Episodes:

Are You Sabotaging Your Shot at Financial Success? Jan 10, 2020

Show notes

30: The most common thing that stops people from achieving their highest financial potential? Themselves.

"Learned helplessness" is a phenomenon that can stop you from making the progress you're capable of, and it happens when you experience struggle or suffering that you feel is out of your control — and if you practice this subconscious habit, it can prevent you from seeing, and acting on, what you can control to make your financial situation better.

We all face hard times and difficult choices in our lives. What often makes the difference between someone who pushes through and carries on to an eventual positive outcome and someone who tends to stay stuck and struggling is how we interpret the things that happen to us.

Today, we discuss the most common mental roadblocks we see that stop capable people with a lot of potential from reaching the financial success within their power to achieve — as well as how you can address your own mental blocks to clear your path to your goals and the life you really want to live.

How to Enjoy Life Now and Still Plan Responsibly for Tomorrow Dec 27, 2019

Show notes

29: In this replay of our very first podcast episode, we revisit what it means to be able to freely enjoy your money today — while still taking the necessary steps to build your wealth and plan responsibly for the future.

Tune in to learn:

How you can spend better to fully experience life now
What you should set aside for future financial security
Why you can save TOO much, and how to avoid it
The biases that can get in our way, and how we can combat irrational thinking with self-awareness

...plus much more that will help you enjoy life today while still planning responsibly for the future.

How to Make 2020 a Financial Success Dec 13, 2019

Show notes

28: In this episode, we share 6 major considerations you can use to help guide your year-end financial planning — along with a few suggestions for what to focus on in 2020 to make it a financially successful year.

We dive into the importance of the following year-end planning topics, and explain exactly how to execute on each one:

Reflect on the progress you've made in the last 12 months
Make plans for the new year, personally and professionally, and make sure the priorities you set last year are still in line with what's important to you moving forward
Max out your retirement accounts and make sure you hit your savings rate goals
Evaluate your investment accounts (and make adjustments if necessary)
Understand how you can make the most of your charitable giving, and know the right moves to make for tax benefits
Use year-end planning as a trigger to start conversations and brainstorms about what you want the next year to hold

As a bonus, we're also throwing out some suggestions of clear, useful resolutions for your finances in 2020 if you're not sure where to start to make progress.

Should You Rent or Buy? Use This Framework to Figure It Out Nov 29, 2019

Show notes

27: You've heard renting is throwing money away and a house is always a good investment. But is it true?

The answer is it depends -- and today, we're giving you what you need to get to a solid recommendation on what's best for your personal situation.

Forget general rules of thumb; forget what you feel pressured to do; forget what you've heard about buying always being better or renting never being a good idea. This episode is all about helping you settle the rent vs buy debate as it applies to your life, so you can confidently decide to keep renting or to start house-hunting.

Use Your HSA the Right Way: A Quick Guide on the Best HSA Strategy Nov 15, 2019

Show notes

26: An HSA is one of our favorite tools for growing wealth — but the problem is, most people have no idea how beneficial they are OR how to leverage them for maximum financial advantage.

We're changing that with this episode of the show, and explaining everything you need to know about HSAs, why they're so powerful, how they can help you pay less in taxes, and what you need to do to turn this little account into a giant financial advantage.

The 3-Part System We Use to Save 40 Percent (or More) of Our Income Nov 01, 2019

Show notes

25: Do you know how much money you save right now? How much is enough to save and invest for the long term?

Your savings rate is one of the most important metrics you can track as you manage and measure your progress toward financial success — because if you have big, ambitious goals, you need to make sure you're doing what it takes to achieve them.

In this episode, we share how we save 50 percent of our income right now, why we're making that effort, and the strategy we use to make sure we still balance our long-term goals with the ability to enjoy life today.

Full show notes at www.beyondyourhammock.com/25

Managing Competing Priorities and Financial Goals with Our 4-Step Process Oct 18, 2019

Show notes

24: Most of us have much more than just one thing we want to do, have, enjoy, or accomplish. But we all have limited resources (time, money, and energy) to use toward achieving our multiple goals.

How can you start managing competing priorities so that you can improve your chances of successfully doing what you want with your money and your life?

By following the 4-step process we lay out in this episode. We explain the exact actions to take in order to know what you want, organize your goals, and understand what your financial priorities really are.

To paraphrase the great Ron Swanson, this is the show you need if you want to stop half-assing a lot of stuff that seems important — and start whole-assing the essential priorities that mean the most to you.

3 Ideas to Save More and Spend Less Without Feeling Deprived Oct 04, 2019

Show notes

23: Conversations about budgeting and saving money don't have to translate as "here's what you have to give up." We want to make sure we can enjoy life now AND plan responsibly for tomorrow, and in this episode, we talk through three (stupidly simple) ideas for actually making that possible to do.

These tips will give you easy-to-implement ways to create wiggle room in your budget so you can enjoy more choice over how you use your money -- and so you can get more of what you REALLY want.

5 Pieces of Financial Advice for 30-Somethings Sep 20, 2019

Show notes

22: Life can get complicated when you hit 30. You might be in the middle of countless transitions, like moving up in your career, starting a business, buying a home, getting married, growing your family — and a whole lot more.

And oh yeah, now is the PRIME TIME to get your finances right if you want to create and build your own wealth. No pressure.

To help you stay successful and maybe even get rich, we're sharing key principles you NEED to know to make the best moves with your money (while stressing less about it).

Is This the Next Recession? Sep 06, 2019

Show notes

Ep 21: Find out exactly what to do in the face of a downturn, learn why market timing is a loser's game, and pick up our tips on how to recession-proof your life.

There has been a lot of talk and media coverage around the question of, "is this the next recession?"

There's a lot of implication that it's this big, looming thing that's about to happen -- and we're all totally screwed when it does.

But this is an emotionally-charged takeaway, to say the least. Is it true? To figure out what to make of recent headlines and recession fears, we take a step back in this episode to focus on a few key facts:

We don't know WITH CERTAINTY when the next recession will start
We don't know EXACTLY how much it might impact the market or economy
We don't know PRECISELY when it will end and a new expansion will begin

What we do know is:

Recessions are normal parts of market cycles and should be expected
Market volatility is also normal, and also to be expected
Market timing doesn't work… but investing for the long term with a diversified portfolio appropriately allocated to your goals, needs, and time horizon can work very well

In this show, we look at both what we know -- and what we don't -- and explain what you should make of each so you can feel confident about your investments, your finances, and what to do if a recession strikes tomorrow (or in a few years).

Full show notes with all links to data and stats discussed in this episode here: http://www.beyondyourhammock.com/21

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