Money Peach

Latest Episodes:

EP92: Pay Your 30-Year Mortgage in 5-7 Years on Your Existing Level of Income - with Jordan Goodman May 03, 2018

Show notes

Jordan Goodman is a rockstar. You may have heard of him as America's Money Answers Man and seen him as a regular CNN, Fox Business and radio segments across the country.

Jordan is referred to as the answers man because of his expertise on all things money, but I wanted him to come on the show for one reason and one reason only: The Equity Optimization Strategy

Jordan walks us through step-by-step how to pay down your 30-year mortgage in as little as 5-7 years using a HELOC.

Now, I am sure you're waving red flags, and you definitely should be. I was too.

Therefore, I made sure Jordan broke it down step-by-step and I even had to ask him to explain it three different ways so we can all fully understand this strategy.

Here are just a few things we mention inside this episode:

Countries such as Australia and Japan already use this method of rapid mortgage acceleration
The reason it works is because mortgages used amortization schedules and HELOCs are based on average daily balance
You must have some equity in your home now
You must have a positive cash flow (income)
Why the banks will not like you after this

All the show notes, links and anything Jordan and I mentioned can be found at https://www.moneypeach.com/session92

EP91: What's Your Best Investment Strategy - with Larry Ludwig Apr 26, 2018

Show notes

I am beyond excited to have the founder Investor Junkie come on the show to share the ins and out on the different investment strategies we all have available to us. We break down the differences between robo-advisors vs your traditional advisors, the top micro-savings apps, passive real estate investing and even dive into peer to peer lending.

On a side note, much of the research we do on Money Peach for investing advice starts with Investor Junkie. The reason why we choose them over the other sites is the because of Larry - he is your brilliant investor-friend down the street instead of the suit walking down Wall-Street.

He and his team have done an amazing job breaking down and explaining how investing really can be for everyone and there is never just one right or wrong way - it depends on what you like and what you're comfortable with.

Here's a quick breakdown of the show:

Robo-Advisors - Good or bad and what about the future? Micro Investing Apps - Which one is the best and why? Real estate - How have the barriers of entry have been lifted for the new investor? Peer to Peer Lending - Is it safe and who's doing the best right now?

All the show notes, links and anything Larry and I mentioned can be found at https://www.moneypeach.com/session91

EP90: The Budget Burndown Technique - with Jeff Whelpley Apr 19, 2018

Show notes

Did you know there are basically four different budgeting techniques to use with the everyday money. They are: the cash envelope system, the survival budget, the balanced money formula and the budget burn down.

If you've been a long-time listener, you know I am huge fan of the cash envelope system when you're first getting started with forming a plan for your money. However, this doesn't mean it's a budgeting technique you have to develop and use forever.

This week Jeff Whelpley, the co-founder of Swish, is coming on the show to talk about the BUDGET BURN DOWN technique - which may be a great fit for you.

To give you a glimpse of how the burn down budget works, think of a fuel gauge on your car. Now, instead of gas and miles, think of money and life. If this doesn't quite make sense yet --no worries. We will dive deep into the Budget Burn Down in this week's episode.

Here's what you can expect from this week's interview:

Breakdown of the Cash Envelope System (still my favorite)
Breakdown of the Survival Budget (best for the oh crap moments in life)
Breakdown of the Balanced Money Formula (probably the most popular)
Breakdown of the Budget Burn Down (maybe just what you're looking for)
How you can utilize the Budget Burn Down inside a free app

All the show notes, the Swish app and anything Jeff and I mentioned can be found at https://www.moneypeach.com/session90

EP89: Morning Routines, Extreme Focus, and Non-Stop Learning with George Laughton Apr 12, 2018

Show notes

We are taking the week off, but bringing back the interview with George Laughton.

George and his wife Jennifer started the Laughton Team in 2007 and have steadily climbed to become one of the top real estate agents in the entire United States.

In fact, George is not only a top 1% real estate agent across the country, but he was also the youngest person to ever be inducted into the RE/MAX Hall of Fame.

With that said, I didn't want to bring George on the show to talk about his success, but rather to discuss WHY he has been so successful.

What separates him from the rest of the people trying to do the same thing in his field?
What are some of his daily routines?
What books does he read, where does he go to learn, who does he look to for mentoring, and how does he continue to improve every single day? F

or more information, visit the show notes at http://www.moneypeach.com/session42

EP88: The Savings Loopholes Inside the unAffordable Care Act with Michael Dinich Apr 05, 2018

Show notes

Michael Dinich from YourMoneyGeek.com is coming on the show to talk about one of the most hated topics when it comes to your money: INSURANCE

Michael is an expert in the health insurance world and I asked him to come on the show to explain how insurance works in and to please explain it in terms we can all understand.

By the way, did you know the #1 cause of bankruptcy today is directly related to medical debt? And if you think about it, what has become one of the largest expenses inside the monthly budget each month?

If you said health insurance, you'd be exactly right.

During this interview, Michael and I discuss:

Why Affordable Care Act is so UNaffordable
The "loopholes" people don't know about that can save them thousands in premium costs
Health Sharing Accounts: A popular alternative to health insurance without the penalty
Health Savings Accounts: How to utilize tax-free dollars for health care

All the show notes, the app and anything Michael and I mentioned can be found at https://www.moneypeach.com/session88

EP87: How She Paid Off $30k in only 96 Days! with Mary Wheeler Mar 29, 2018

Show notes

Mary Wheeler shares her incredible story of how she paid off $30,000 worth of debt in only 96 days.

Yes, you read correctly - ninety-six days.

Meet Mary Wheeler - founder of Abundant Wealth Solutions and a financial coach helping people destroy their student loan debt so they can create their own gateway towards REAL financial freedom.

Just like many of us, Mary didn't start off a financial rockstar. She shares how she grew up in the projects of Mississippi and always had to struggle to simply get by. She carried this belief of money with her into her adulthood and graduated college with $30,000 worth of debt and no plan to pay it off.

After a few years of making interest-only payments and struggling to get by, she realized she would have to change the way she handled money if she wanted to change her life and her family tree.

In the interview, Mary and I talk about:

Growing up in the projects of Mississippi
The loans she took out for college
Her initial plan...or lack thereof
What she had to do to literally pay off $30k in 96 days

All the show notes, links and anything Mary and I mentioned can be found at https://www.moneypeach.com/session87

EP86: If You Want to Get Better, Find a Mentor - with Bobby Hoyt Mar 22, 2018

Show notes

Fellow blogger and founder of Millennial Money Man, Bobby Hoyt has a lot in common with me. We both paid off quite a bit of debt in a very short amount of time, and we both did it the same way - with SACRIFICE.

However, one of the main things we both completely agree on is how much we both value our mentors.

Bobby shares how and where he met his mentor and how his life and business have completely transformed since they started working together.

I chime in quite a bit on the conversation because of the belief I have in finding someone you can look up to in business, relationships, goal-setting, family, etc., and asking them the tough question: "would you become my mentor".

In fact, if you haven't listened yet, I interviewed John (the person I meet with on a regular basis) in April 2017 in Episode 38: Retired by 34? With John Gaston

During the episode, Bobby and I talk about:

What to look for in a mentor
How to ask someone to become your mentor
Why we place so much importance on a quality mentor
The #1 thing you must do to KEEP your mentor
AND...I will even challenge you to take action (you must listen)

All the show notes, links and anything Bobby and I mentioned can be found at https://www.moneypeach.com/session86

EP85: The Simple Daily Habits of Millionaires with Tom Corley Mar 15, 2018

Show notes

We are taking the week off of recording and wanted share a REPLAY of one of our favorite and most popular episodes from the podcast - my interview with Rich Habits Author, Tom Corley.

In 2013, I was listening to the Dave Ramsey Show on the radio when he brought up an incredible book called Rich Habits by author Tom Corley.

After hearing about the book, and then listening to the interview with Mr. Corley, I immediately purchased the book and finished it that evening.

The Rich Habits were so powerful in my own life that I have continued to practice those same ten habits from the thousands of millionaires Tom interviewed for his research for his book all these years later.

What are the habits of America's wealthiest people and what are the habits of the America's poorest people? Some of what we talk about is obvious, however Tom shares some stories of other habits that none of us would ever even think about. My favorite…"the Hello Call"

Tom Corley is not only an incredible guest to have on the show, but he shares habits you can start creating in your own life right now which will have a direct correlation on your income, net worth, financial security, and overall well-being.

All the show notes, links, and anything Tom and I mentioned can be found at http://www.moneypeach.com/session85

EP84: Chopping Your Grocery Bill in Half with Erin Chase of $5 Dinners Mar 08, 2018

Show notes

Erin Chase, founder of 5DollarDinners.com has helped thousands of people save a ton of money on the one thing we all overspend on every month: FOOD.

Erin is now the leader in the space of meal-prepping on a budget and has been featured on talk shows such as Rachel Ray, the Today Show, Fox & Friends and The View.

What you will quickly find in our interview is Erin is different and in a good way. She truly does care about people making an impact on their health and their budget by staying away from expensive drive-thrus and substituting it for a plan that saves money and is better for you.

Inside this episode, Erin shares how she started by cutting her grocery bill in half with some simple tricks and ideas to sharing on her blog and then growing her business as a go-to resource for thousands upon thousands of people looking to save as much money as possible.

A few of her best practices are:

Don't look for sales, let the sales come to you
Meat - don't ever overspend on meat
A meal for your family should always cost $5 or less
Many more but you'll have to listen

All the show notes, links and anything Erin and I mentioned can be found at https://www.moneypeach.com/session84

EP83: Should Couples Manage Money Together? - with Co-Founders of HoneyFi Mar 01, 2018

Show notes

Sam Shultz and Ramy Serageldin, co-founders of HoneyFi - the latest fintech app helping spouses get the other spouse on board with the money are here to talk about your partner and your money.

Whether you're dating, newlyweds or getting ready to toast 25 years of marriage, you'll want to check out what these two relationship and money experts have to say on:

Top Question: Does everything have to be an open book with the money?
The Main Event: Should couples manage money together or separately?
Oh Crap: What if your spouse is trying to drag you in the wrong direction financially?
What about the App? How does this app differ from what is currently out there and is it worth it to check out?

All the show notes, the app and anything Sam, Ramy and I mentioned can be found at https://www.moneypeach.com/session83

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