Money Peach

Latest Episodes:

EP113: Student Loans Hacks - Little-Known Ways to Save Thousands in Interest- with Travis Hornsby Sep 27, 2018

Show notes

Travis Hornsby is the founder of StudentLoanPlanner - a website and community where thousands of people are saving millions of dollars in student loan interest payments.

Travis's passion for this started when his physician wife was facing massive amounts of student loan debt and he started researching the most efficient ways to pay them off and how to take advantage of the programs the government has available (but forgets to tell us about).

Since starting Student Loan Planner in 2016, Travis has met with over 1,000 to help them pay off over $300 million in student loan debt and save over $60 million in interest payments.

I haven't met anyone who knows more about the ins and out of student loans and how to ensure you're paying them off in the most efficient way possible. In fact, there were a few things Travis mentions in our interview that I had never realized was even a possibility.

In the interview, Travis and I talk about:

Subsidized vs unsubsidized loans
Stafford loans
PLUS loans
Why student loan forgiveness may be the smartest thing you can do
How Capitalization of your student loan works against you
Federal vs Private loans
The PAYE program
The REPAYE program

AND much more…

All the show notes, links and anything Travis and I mentioned can be found at https://www.moneypeach.com/session113

EP112: He Sold His "Hobby Blog" for $3 Million - with Jim Wang Sep 20, 2018

Show notes

In the blogging world, Jim Wang is one of the early pioneers turned blogging legend.

As a software engineer in 2005, Jim started blogging about how he set up his monthly budget, how he opened a retirement account, where he shopped for deals, and how he managed his everyday money.

It was his hobby.

Something he did on nights and weekends as a way for him to document everything he was doing financially while fulfilling a need for a hobby. His blog never made any money in the beginning because he was never trying to make money. He just liked blogging.

However, over a few years of consistent posts on his blog, readers started catching on and over time his site began to grow. And grow...and grow.

Then just five years later, a company offered Jim Wang $3 Million to buy his little "hobby blog" from him.

I of course needed to how this all happened, which is why I asked Jim to come on the show.

In this episode, Jim and I talk about…

• Getting started • Going from hobby to business • Why relationships are still important (even online) • Consistent effort over time and how it related to Jim • Restarting - Jim eventually started a second blog from the ground up • On storytelling - facts tell and stories sell • And more...

All the show notes, links and anything Jim and I mentioned can be found at https://www.moneypeach.com/session112

EP111: $10k a Month with a 1-Year-Old Blog - with Pete McPherson Sep 13, 2018

Show notes

We get emails all the time about people wondering how to start their own blogs and how to make money from a blog.

The first thing I will tell them is it is definitely not a get-rich-quick business, it takes a ton of effort and a little bit (or a lot) of time.

Truth-be-told, I started Money Peach in March 2015 and didn't see any revenue at all until December of that same year. I would imagine I put in close to 1,000 hours of blogging...not a great hourly rate in the beginning, right?!

Now, I definitely don't share this to scare you away from blogging, because just like anything in life...the reward is often worth the wait! Today, I am extremely grateful that the newbie blogger in 2015 never gave up.

Today Money Peach provides a very incredible income for our family and it wouldn't have ever happened with the labor of love in the very beginning.

But what about you and your blog, right? This is why I am bringing on my good friend Pete McPherson - founder of "Do You Even Blog?" and an absolute expert and all-star when it comes to starting and monetizing your next blog idea. Pete has been a blogger for over a decade and has literally had over 40 failed blogs before reaching a ton of success with Do You Even Blog?

Therefore, Pete knows a thing or two when it comes to starting a blog, growing a blog, and our favorite - MAKING MONEY through a blog. In fact, Pete is now generating just under $10,000 per month with his blog he started just 14 months ago.

In this episode, Pete and I talk about...

• How to get started even if you're not quite sure where to start • The best places to start for FREE • Pete's three tier approach to monetizing a blog • Why Pete spends so much time building out the FREE stuff first on his blog • How to monetize your blog when you have very little traffic • The biggest mistakes newbie bloggers make and how to avoid them

All the show notes, links and anything Pete and I mentioned can be found at https://www.moneypeach.com/session111

EP110: Think $1 Million Is Enough to Retire? Think Again. - with Darryl Lyons Sep 06, 2018

Show notes

Author, speaker, entrepreneur and money-behavior expert Darryl Lyons is on the show today to talk to the middle class about our behavior with money.

If you're not on food stamps or you're not vacationing on your yacht, then you and I both would be considered the middle class...and we have unique challenges.

All of us our continually hyper-marketed to on a daily basis to get us to spend our money on "stuff" right now and putting off any kind of delayed gratification.

Think about our credit cards, Amazon one-click, Apple-Pay, "Hey Alexa", and all the other ways to spend money without really "feeling" money.

Genius, right?

But what happens when our spending doesn't leave room for saving and we don't save enough? Did you know that $1 million is no longer enough to retire with and saving 15% of your gross income still isn't going to get you to your goals?

And how much should you have saved at each age (30, 40, 50, 60, 70, 80…)?

How do you know when you have enough saved and what are things you should be doing to ensure you pivot into chapter two of life with enough to start chapter two.

During our interview Darryl and I go over…

Why $1 Million for Retirement Still Isn't Enough
The Ben vs Arthur Example
The power of "Pause"
How to create your "filters" so you don't break the bank
The science behind cash vs plastic
How much you need at each age
And why the word "retirement" may as well be a cuss word ;)

All the show notes, links and anything Darryl and I mentioned can be found at https://www.moneypeach.com/session110

EP108: Climbing Out From Rock Bottom: How to Overcome $1 Million in Debt - with Steve Valentine Aug 23, 2018

Show notes

Steve Valentine is a third generation real estate entrepreneur. From his start in the late 1990s, Steve created a real estate empire when the market was hot, everyone with a license could sell a home, and it almost felt like printing money.

Bill Gates was right when he said "Success is a Horrible Teacher" - this is exactly what happened to Steve. Things were going great, success seemed to be everywhere, and the business was becoming easier by the day.

That was until 2008.

In a blink of an eye, their business fell into shambles. They were way too far leveraged, couldn't make their payments anymore, and lost everything.

Not only did they lose everything, but Steve was also facing over $1 million in debt - with a large majority of that debt owed to family, friends, and business partners.

He and his wife were completely broke, without an income, and had two young boys at home. They had become the example of "what not to do in business" and it was as transparent as can be - everyone was watching them and everyone knew what was happening to them.

Steve had a choice to make: do nothing or take massive levels of action.

In this episode, Steve and I talk about...

What happened? Why did he fail so badly?
What did that failure "feel" like?
How was he able to bounce back from the lowest point in life?
What was the greatest thing he has learned about failure
Failure is often followed by success - what does Steve's life look like now
What changes did he make so this wouldn't happen again

All the show notes, links and anything Steve and I mentioned can be found at https://www.moneypeach.com/session108

EP107: He Makes $10k/Month Flipping Sneakers - with JV Ortiz Aug 16, 2018

Show notes

JV Ortiz is the founder of Six Figure Sneakerhead and he's coming on the show to talk about an entire world I never knew about - the world of flipping sneakers.

Just like people who flip cars, flip houses, or buy and sell any kind of valuable goods, there is a fast growing demand for tennis shoes and the amount of money people are willing to pay for them is insane….well, actually it's amazing :)

Within the first 6 months of starting his shoe-flipping business, JV was able to create a comfortable 5-figure-per-month income which has allowed him to travel the world while still working his business.

In fact, during our interview, JV was 14 hours ahead of where I was and did this interview in the middle of the night from Thailand!

In this episode, JV and I discuss...

• Why there is such a high demand for sneakers • How to determine the value of sneakers • What shoes are in high demand right now and why • Software and websites you can utilize to make money flipping shoes • How you can get started with a sneaker side hustle for less than $40 and a few hours per week

All the show notes, links and anything JV and I mentioned can be found at https://www.moneypeach.com/session107

EP106: How to Get 3 Paydays Using Lease Options and Real Estate- with Chris Prefontaine Aug 09, 2018

Show notes

Chris Prefontaine comes on the show to break down how to get 3 separate paydays as a real estate investor while using the strategy of facilitating a lease to own property.

Together Chris and I break down how it works and why he has had so much success with creating three unique revenue streams. Chris will also explain why he will match his way of doing real estate against any other model and why his will always outperform the others.

Yes, this may sound confusing at first but you can guarantee I asked Chris a ton of questions and even had him break down a real-world scenario using real numbers. You're really going to like how we simplified the process to understand over the podcast and how we added the example into the show notes for this episode.

During the interview, Chris and I talk about:

• What is a lease to own • Why a lease to own is an option for buyers • What kind of sellers look for a lease to own option • Payday #1, Payday #2, and Payday #3 • The average initial investment required • What are the risks and challenges of lease to own • Who this is not for

All the show notes, links and anything Chris and I mentioned can be found at https://www.moneypeach.com/session106

EP105: Retired by 34!? - with John Gaston Aug 02, 2018

Show notes

Today is a replay of the most popular and most listened to episode of the past 104 episodes of the Money Peach Podcast.

My guest is John Gaston from Episode 38 back in April 2017. John is a close friend of mine, an extremely successful entrepreneur, and was able to retire at age 34.

John is also my one-on-one mentor when it comes to my building own business and over the past few years John has shared a lot with me and I've begged him to come on the podcast to share his incredible story.

John is very humble and also very private, so for him to come on this podcast took a lot of arm-twisting on my part. Some of the things John will share with us are:

How he got started and his passion for business
Leaving the comfort of a steady paycheck
The ups and downs of being an entrepreneur
Overcoming extreme adversity
Balancing the business and family life
Managing a partnership (with his best friend)

My Favorite Quotes from this Episode

"The most successful people in the world read 15 mins every single day"

"...I remember hearing if I read 15 minutes every single day, I could all but guarantee I would double my income in one year, and then I did"

"Every decision you make in your business could be the decision that takes you closer to your goal, or could be the decision that puts you on the streets"

"Everyone works for 40 years (age 20 to age 60). The idea of being successful is cramming 40 years of work into 20...and if you're really extra bright, 15 years…"

"The idea was to do all the things most people weren't willing to do today so I didn't have to do them later"

"...never quit. You're going to have good days and you're going to have bad days. If you don't quit, you're going to eventually find success"

"Water boils at 212°F - think about how many entrepreneurs probably quit at 211°F . They were so close and yet never made it - never quit"

"If you can get 1% better everyday….over a period of 12 months you are 365% better, and that is a substantial improvement."

All the show notes, links and anything John and I mentioned can be found at https://www.moneypeach.com/session105

EP104: Real Estate Investing for the Rest of Us with Craig Cecilio Jul 26, 2018

Show notes

Up until recently, real estate investing was only an option for the top 1% income earner - meaning the average Joe investor had to overcome a steep price tag to cross the barrier of entry into real estate investing.

Those days are now officially over.

My guest on the show is Craig Cecilia, real estate investor, expert crowdfunder, and founder of Diversyfund.

I asked Craig to come on the show to discuss how crowdfunding works, why it's so accessible for everyone, and how technology is making it even more affordable for the everyday investor.

During our interview, Craig and I discuss...

What changed to allow crowdfunding to exist
How it exactly works
The risk vs the reward
What can investors anticipate for returns
How much money is required to get started

All the show notes, links and anything Craig and I mentioned can be found at https://www.moneypeach.com/session104

EP103: How She Earned $700k in College Scholarships - with Pam Andrews Jul 19, 2018

Show notes

Pam Andrews is a College Admissions Coach and Scholarship Strategist, but more importantly she helped her son earn over $700,000 in scholarship money to pay for both undergraduate and graduate school!

This is $700,000 in money that her son WILL NOT have to pay back in the form of student loans.

How did she do it? This is exactly why I asked Pam to come on the show. As a parent of two kids and the 5% inflation rate for college tuition, I needed to know EXACTLY how her son was able to get that kind of money to put towards the undergrad and the graduate college of his choice.

During our interview, she shares…

How she was able to secure $700k for her son to go to college
What age and what year in high school you should start looking for scholarships
Where to look first when applying for scholarships
Grants versus scholarships
The latest success story with one of the families she just finished working with

All the show notes, links and anything Pam and I mentioned can be found at https://moneypeach.com/session103

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