The Pete the Planner® Show

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Ep. 349: The Launch of Hey Money! Feb 25, 2020

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Have a question? Let us know! askpete@petetheplanner.com This week, we’ve got something really special for your listening ears! Pete and Damian are back to formally introduce our new product for you, HEY MONEY! Oh, and they answer questions from the mailbag,... Read More

Ep. 348: All Things Considered, Should We Relocate? Feb 18, 2020

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Have a question? Let us know! askpete@petetheplanner.com Peter Dunn and Damian Dunn — no relation — take questions from our listeners and offer their financial expert-level responses on the air (with a bit of humor to make it go down... Read More

347: Do We Make Enough Money? Is There Hope? Feb 11, 2020

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Have a question? Let us know! askpete@petetheplanner.com Pete and Damian are back to solving financial issues for a new week. Oh! But first, here’s a quick prelude: We are so excited for the soft launch of Hey Money tomorrow exclusively for... Read More

Ep. 346: What Should We Do With Our Cashflow? Feb 04, 2020

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Get ready to dive in! In this episode, Pete and Damian spare no details exploring our writers’ financial lives. There is far too much to discuss; let’s get into it, post haste!

Can’t listen? Check the Show Notes!

Show Notes:

Scenario: Writer, Jake and his wife bring in over $250,000 jointly, per year. She’s maxing out her 401K, he’s contributing 11% and increasing it by 2% each year. He currently has $20,000 saved, she has $50,000 saved. They are renters at $2100 per month, have student loans, car payments, live in Southern California, and are considering IVF ($20,000) in their family planning. They want to take out a $235,000 mortgage on an investment property.
Question 1: – Should they make this home purchase or do something else with cash flow? — Pete and Damian have a lot to say about this! Using every bit of information, they present some compelling arguments for not going through with this move. Click PLAY to hear how they dissect the facts!
Question 2: Pete and Damian help settle a 5-year debate between co-workers: Co-worker #1 says his 401(k) – comprised of 6 funds – is more diversified than the S&P 500. Co-worker #2 believes the S&P is in itself (already) diversified because it’s made up of 500 different holdings. …Who’s right? — Peter swings for the fences saying, “Having a large number of financial holdings…IS in itself a diversity of money, but not diversification of styles. The S&P 500 is not diverse enough to be your only holding.” Listen to understand more about what that means.
Question 3: A young, 19 year-old student needs to learn how a credit card works, asking: “What happens when you hit your limit? Do you just get more?” — Pete speculates if the absence of “No” has created so many financial behavior issues…

Something Special

REMEMBER: We’re rolling out a new thing! Hey Money – our new service for everyone! Get instant access to financial experts whenever you need it to help you solve your toughest (or easiest) money conundrums. Get on the Hey Money Launch List for EXCLUSIVE first access. The Launch List is the only way to access Hey Money for the first few weeks when we launching in early February.

Ep. 345: Brendan, This One's For You Jan 28, 2020

Show notes

In an uncommon feat, This episode is dedicated to Brendan. Pete and Damian feel so much gratitude to our writer's email that he earned the entire show dedicated to his three questions Click PLAY below to see if you could use any of the same answers they came up with for Brendan.Can't listen? Check the Show Notes!

Show Notes:

Scenario: Writer, Brendan and his Wife are both about 30 years old and have three young children. After expenses and student loan payments, they have about $1500 cash left.
Question 1: Should they put that #1500 toward 529s for their kids and just pay the minimums to student loans? — Damian says, "Do both." Reap the benefits of compound interest and pay down debt. Have a plan for how much you want to accumulate in the 529 plans. Listen to hear if Pete actually agrees..
Question 2: Brendan needs life insurance. He currently pays for a $400,000 policy and has a preexisting medical condition. Would he be better off getting a term policy? — Damian says, "Look into a 20 or 30-year fixed term for yourself and have the agent shop you around with respect to your medical condition. Can't hurt to look."
Question 3: Should they save to pay for their kids’ future weddings (among all the quality-of-life benefits they enjoy)? Brendan and his spouse disagree. —— This is about your priorities. — Damian says, "This is a nice-to-do. Don’t put the psychological weight of identifying money for that on yourself. Not saving for a wedding, specifically, is the best move here."

Ep. 343: Bridging the Financial Questions Gap, Finally. Jan 14, 2020

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FIRST SHOW OF THE NEW DECADE! Starting 2020 off in the right way, Pete and Damian are…still here. Seriously, to welcome us all into a new season, it’s only right that the team introduce you to something new. Click play to hear... Read More

Ep. 342: What Can I Do With My Money? Dec 31, 2019

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Coming up this week: Pete and Damian try even harder to try to figure out what they can disagree on! For the final show of 2019, the dynamic duo try to empty out the mailbag and answer what they can... Read More

Ep 341: 2019 Holiday Variety Pack Dec 24, 2019

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It’s almost 2020, people! As we wrap up 2019, we’re digging deep into the mailbag to discuss more of our listeners’ questions. Listen to this show to hear a variety of situations and Pete and Damian’s expert insights. Perhaps you’ve been... Read More

Ep. 340: The Ultimate Retirement Question: $ or %? Dec 17, 2019

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This week’s show is, in a word: focused. Pete and Damian really drill into the most general area there is: Retirement. The mailbag was opened and brought out a question from a listener that Pete could get excited over: “Here’s my financial... Read More

Ep. 339: After Job Loss, What Happens to my 401(k)? Dec 10, 2019

Show notes

New this week, Pete and Damian spend the entire show on The 401(k). Our writer is suffering a crushing blow with this from the mailbag: “I lost my job after 27 years of employment there. What should I do with my 401(k).”... Read More

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