The Pete the Planner® Show

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Ep. 385: The Effects of the Pandemic (and Recession) on Higher Ed Nov 03, 2020

Show notes

HAVE A MONEY QUESTION? GET EXPERT ANSWERS.EMAIL US: ASKPETE@PETETHEPLANNER.COM

On this episode of the Pete the Planner Show, Peter and Damian welcome a special guest: Phil Schuman, Executive Director of Financial Wellness & Education at Indiana University!

REMINDER: TryHEY MONEY, your new secret weapon for advice in your personal finances.

No time to listen? BUMMER. Here’s some of what happened:

Show Notes:

Catching Up:

“What does the local economy of Bloomington, look like?“
Phil: I’m glad people hare respecting the mask mandates and following the rules for managing COVID-19, but it’s different; it’s a very different vibe. We’ve seen lots of locals support restaurants.

“From a financial perspective… what’s the vibe of students?“
Phil: Weirdly, it’s fairly similar. Also, I’m hearing more conversations about about 401(k)s and resources they can use. We’re asking “what can we do to help them overcome financial issues that keep students from their degree?”

“Have you seen a trend with parents taking out more or less student loan debt during this pandemic?
Damian: The trends are still parented trying to figure out how they’re going to pay for it, especially if there’s been an income disruption in the household…

There’s a full, entertaining conversation in here!z! Get the full answers to this more — click PLAY below for the full show.

Ep. 385: The Effects of the Pandemic (and Recession) on Higher Ed Nov 03, 2020

Show notes

Have a money question? Get expert answers. Email us: askpete@petetheplanner.com On this episode of the Pete the Planner Show, Peter and Damian welcome a special guest: Phil Schuman, Executive Director of Financial Wellness & Education at Indiana University! REMINDER: Try HEY MONEY, your new... Read More

Ep. 384: How We Feel About What We Said 238 Days Ago! Oct 27, 2020

Show notes

HAVE A MONEY QUESTION? GET EXPERT ANSWERS.EMAIL US: ASKPETE@PETETHEPLANNER.COM

It’s time for a semi-annual review! On this episode of the Pete the Planner® Show, Peter and Damian discuss their current views on the concerns they had from March 1, 2020!

Don’t forget!HEY MONEY is your new secret weapon for advice in your personal finances.

No time to listen? BUMMER. Here’s some of what happened:

Show Notes:

On the Pandemic:

“On the pandemic, how concerned are you on a scale of 1-10?“
Damian: (NOW) – 6/7. We’re navigating our daily lives, but there’s still something sitting out there… (MARCH) – 1, for my family’s safety.
Pete: (NOW) – About an 8, trending towards 9. (MARCH) – I was a 6.

On the Market:

“On the market, 1 = no concern, 10 = freaking out?“
Damian: (NOW) – 2. We’ve been through lots of traumatic stuff over the last 100 years, but things keep steamrolling on. (MARCH) – 1.
Pete: (NOW) – 1 on a long-term view, 2 on short-term view. (MARCH) – 1.

On the Economy:

“On the economy, where are you on the US economy?“
Damian: (NOW) – About a 7. We’ve talked about a number of challenges coming (election, evictions, virus ramping back up) so sI’m a little afraid of getting into an open-close cycle in the next 3-12 months… (MARCH) – 3-5, with the information we had.
Pete: (NOW) – About an 8 or 9. For the same reasons, maybe a hair stronger though. (MARCH) – I was more concerned about the economy than the pandemic, back then.

This is only the highlight reel! Get the full answers to this more — click PLAY below for the full show.

Ep. 384: How We Feel About What We Said 238 Days Ago! Oct 27, 2020

Show notes

Have a money question? Get expert answers. Email us: askpete@petetheplanner.com It’s time for a semi-annual review! On this episode of the Pete the Planner® Show, Peter and Damian discuss their current views on the concerns they had from March 1, 2020! Don’t... Read More

Ep. 383: Managing Money Is Not A “Men’s Only” Club Oct 20, 2020

Show notes

HAVE A MONEY QUESTION? GET EXPERT ANSWERS.EMAIL US: ASKPETE@PETETHEPLANNER.COM

On this episode of the Pete the Planner Show, Damian is gone forever! Well….forever was a stretch. For this awesome episode, Pete is handling hosting duties and welcomes our very own, OZ for an important chat!

Reminder:HEY MONEY is your new secret weapon for advice in your personal finances.

No time to listen? BUMMER. Here’s some of what happened:

Show Notes:

Women and Investing:

“I’m 24, and a woman. I have never invested in the stock market and I’ve always wanted to. Thinking long term, is it wise for me to invest? Studies show, fewer women invest in the stock market than men. Is there a better mechanism for the risk-averse to grow their money? How do women know when and how to jump into the market?“
Pete: There’s been a lot of research around this topic. One shows that when women do invest, they tend to be better investors than men. Here’s the theory on why: in situations where women don’t know what to do, they investigate and to find the answers first. Men tend to plow through the lack of information anyway. That likely leads men into more binds than women.
Nevertheless, it’s a predominantly male industry. You should find a female investment advisor. Here’s one!”

Equity and The Industry:

“The gender equity gap is expected to only grow wider in this country. We are all better off with equitable workplaces.

This is only the highlight reel! Dive into this critical conversation! — click PLAY below for the full show.

Ep. 383: Managing Money Is Not A “Men’s Only” Club Oct 20, 2020

Show notes

Have a money question? Get expert answers. Email us: askpete@petetheplanner.com On this episode of the Pete the Planner Show, Damian is gone forever! Well….forever was a stretch. For this awesome episode, Pete is handling hosting duties and welcomes our very own, OZ... Read More

Ep. 382: Let’s Talk About Lifestyle Creep! Oct 13, 2020

Show notes

HAVE A MONEY QUESTION? GET EXPERT ANSWERS.EMAIL US: ASKPETE@PETETHEPLANNER.COM

On this episode of the Pete the Planner Show, Peter and Damian ask, “Should a person buy a home right now?” And they answer it!

Don’t forget!HEY MONEY is your new secret weapon for advice in your personal finances.

No time to listen? BUMMER. Here’s some of what happened:

Show Notes:

Mailbag Question 1:

“As my means has grown, so has my budget. My wife and I used to make $25K, now we are both at about $85-90K. Over the years, we’ve purchased a home and pay for daycare now. We both contribute over 15% to our retirements accounts, and we have no debt other than our mortgage. At what point is a growing budget lifestyle creep and what are key indicators to watch out for?“
Damian: Find a way to measure yourself year-over-year. Make sure your goals are covered up front, and appropriate for your situation.
Pete: Their income has increased significantly. Their metrics are indicative of people who can responsibly increase their lifestyle. Ask, “what can you remove if times get tough?”

Mailbag Question 2:

“Is now a good time to refinance my house? … If I am a renter right now, who has a down payment and an emergency fund, is now a good time to buy a house?“
Damian: …No.

This is only the highlight reel! Get the full answers to this more — click PLAY below for the full show.

Ep. 382: Let’s Talk About Lifestyle Creep! Oct 13, 2020

Show notes

Have a money question? Get expert answers. Email us: askpete@petetheplanner.com On this episode of the Pete the Planner Show, Peter and Damian ask, “Should a person buy a home right now?” And they answer it! Don’t forget! HEY MONEY is your new secret... Read More

Ep. 381: Help! My Parents Haven’t Filed Taxes in 5 Years! Oct 06, 2020

Show notes

HAVE A MONEY QUESTION? GET EXPERT ANSWERS.EMAIL US: ASKPETE@PETETHEPLANNER.COM

On this episode of the Pete the Planner Show, Peter and Damian tell personal stories about their households!

Don’t forget!HEY MONEY is your new secret weapon for advice in your personal finances.

No time to listen? BUMMER. Here’s some of what happened:

Show Notes:

Mailbag Question 1:

“My grandmother passed away and left me $15,000. I could use a new car. What should I do with it?“
Damian: I don’t think there’s any way you told them to use that on the car. How are we feeling about their employment? Is it solid?
Pete: They also are considering a $12,000 home repair. There are responsible options here. Small-ish inheritances don’t seem to get the same respect as larger amounts.

Mailbag Question 2:

“You often talk about budgeting. Where I struggle in budgeting is to know what is actually left. We no longer live in a cash society. With debit and credit cards as our spending method, how do you actually know when you’re out of money?”

For the answers to this and this episode’s featured question, click PLAY below for the full show.

Ep. 381: Help! My Parents Haven’t Filed Taxes in 5 Years! Oct 06, 2020

Show notes

Have a money question? Get expert answers. Email us: askpete@petetheplanner.com On this episode of the Pete the Planner Show, Peter and Damian tell personal stories about their households! Don’t forget! HEY MONEY is your new secret weapon for advice in your personal finances.... Read More

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