Save Like Dave Podcast

Most of us are average.  It’s just a statement of fact. In this episode, Dave is going to discuss what being in the middle looks like - financially speaking, and then shares suggestions that you can implement into your life to be better than average. Being average in America is all too common. We quickly spend as much as we make, and lifestyle inflation creeps in when we do end up making more mone...

Today, Dave will share 10 ways to save an extra $400 a month.  Sounds impossible?  Well, listen in and learn how you can do it too! Now these 10 things that are shared should be taken as a whole. In other words, if you apply several of these ideas, you can get to the savings goal you want to reach.  Most are little things that when taken as a whole will allow you to win... And, there’s even a coup...

What is a 1031 Exchange Anyway? Today Dave is going to share what I consider the 2nd best gift the US government has given us to win with money. It’s a bit more complicated than other methods of winning with money that I’ve discussed prior, however, it’s such a good one, Dave will explain what it is and how it can help you keep more of your money!  Now that’s worth listening to right? I don’t know...

Is there such a thing as good debt? In Dave's opinion, not all debt is considered "bad" debt. Good debt is viewed as taking on debt that benefits your life. This debt is a way to create wealth by leverage… a mortgage for a house will build equity, for example.  Bad debt, on the other hand, does just the opposite. It’s a burden, a weight on your shoulders, and unlike most home purchases, bad debt a...

Over one-third of adults in the United States reported that they would not be able to cover a $400 emergency expense without borrowing money or selling assets (Federal Reserve Survey). This suggests that as people's incomes rise, they often tend to increase their spending on non-essential items and experiences, leaving them financially vulnerable in the face of unexpected financial challenges. In...

Sadly, just this week, Charlie Munger passed away. He almost made it to 100! In this Podcast, Dave shares 8 practical tips from the famed investor Charlie Munger. Munger was both straightforward and brilliant at the same time. We can ALL learn a thing or two about money from this wise man. Even though Munger had reached billionaire status and was a longtime friend and coworker of Warren Buffet, Mu...

In this episode, Dave is going to share 8 key daily habits that can help you change your life, including one focused on winning in personal finance.  How many of these 8 habits do you follow? Listen in and see how many of these 8 habits you currently possess and see if there are any others that you can begin implementing to start improving your life. As you begin to follow these 8 daily habits you...

The average American spends 10 minutes or less per day reading! Even more, 27% of adults in the US didn’t read a book in 2018. As you can see reading has become a low priority for many Americans - I hope you’re not one of them!  Today, Dave is going to share 5 books that he hopes will excite you about personal finance. When Dave was beginning his financial journey he read hardbound books. Today th...

Only 1 in 10 lower-income workers between the ages of 51 and 64 have ANY money saved for retirement! That means 9 out of 10 lower-income workers have nothing to show for all their hard work. Think about that for a minute. This is an incredible statistic that we want to avoid at all costs. On today's podcast, Dave shares 5 common money fails, plus 5 ways you can think differently to WIN with money!...

The Bible has a lot to say about money. More than half of Jesus' parables have to do with money and possessions. If you are a Christian, it certainly is not something to be taken lightly. If you are not a Christian, then perhaps these verses don't have as much significance to you. That said, whether you believe them or not, these 5 verses provide timeless, practical advice for anyone to win with m...

16 out of 38 of Jesus’ parables deal with money and possessions.   Nearly 25% of the words Jesus spoke in the New Testament deal with biblical stewardship and 1 out of 10 verses in the Gospels deal with money. In this Podcast episode, Dave is briefly going to share 5 verses about money from the bible. These are timeless statements from the Bible that I believe will help you to win with money - reg...

What does it mean to have a satisfied mind? In this episode, Dave is going to share how having balance or, you could say having ‘ A Satisfied Mind ’ can make all the difference in your journey financially speaking. Dave shares how your passions, relationships, and personal growth all contribute to living a good life. Remember, the pursuit of wealth should never come at the expense of your mental a...

Did you know that being frugal comes with some incredible advantages? Today, we'll explore some of the best frugal examples from the life of one of the world's most renowned investors - Warren Buffett! For instance, did you know that Warren Buffett still lives in the same modest house in Omaha, Nebraska, that he purchased in 1958 for $31,500? Despite his immense wealth, Buffett prefers to drive an...

Early retirement sounds great in theory, but have you ever thought through all the increasing risks of running out of funds? Additionally, retiring early may result in a loss of social connections and a sense of purpose, potentially impacting mental and emotional well-being. This is something Dave knows all too well. In this episode, Dave is going to go a bit more in-depth on this subject of retir...

In our opinion, the Roth IRA is the best available retirement product for every American. When planning for your future, where else can you get tax-free withdrawals in retirement with long-term tax advantages? In this episode, Dave presents 5 great reasons to open a Roth IRA today (and start contributing) so that you can start winning with money. There are a bunch of tax advantages that we discuss...

Dave is going to touch on 10 things that separate the rich from the poor. No shame here, just a little knowledge for you to dissect on your way to winning with money. For instance, individuals with higher levels of education tend to have higher earning potential and access to better job opportunities. It's important to note that financial success is influenced by various factors, including persona...

Welcome to this lesson on becoming a better financial investor. In this episode, Dave is going to share 6 key things that you will need to do to become a great financial investor. Investing can be a powerful tool to build wealth and achieve financial goals, but it requires knowledge, discipline, and a well-thought-out strategy. Today's podcast will cover some essential principles and strategies to...

Excellence is never an accident. It is always the result of high intention, sincere effort, and intelligent execution. It represents the wise choice of many alternatives. Today, Dave is going down a different path in the sense that he’s going to cover more of the psychology of why we make decisions and how to make better ones. "Choice, not chance, determines your destiny." -Aristotle. YOU will not...

Attention Millennials - have you ever thought about winning the lottery?  Now don’t act like you haven’t. I know you have… everyone has. Today, Dave is going to talk about the greatest wealth transfer in history. Baby boomer parents are set to leave their millennial children $68 trillion! But, hold on to your horses because Dave has a little more to add to the story and why you’d be prudent to sav...

Don’t let the government decide for you where YOUR money goes. Today, Dave is going to share some important thoughts on what you need to do to best protect your assets when you pass on because you can't take them with you. You are going to learn the basics of why it's important to set up a will or a trust and also what it means to set a beneficiary or executor. Dave simplifies the whole process in...

Money makes money, and the money that money makes... makes more money. Albert Einstein once said that "compound interest is the eighth wonder of the world." This being a personal finance podcast, Dave thought it might be a good idea to talk about this subject in a bit more depth. Learn all about the amazing effects of compound interest in this week's podcast episode. Dave simplifies this confoundi...

How much money should I put toward individual stocks? Is it okay to invest in my favorite company? Make sure to toon into this week's episode as Dave is going to share a remarkable story that brings to light the pitfalls of putting too much of your cash into one stock. If you’ve spent any time learning how the stock market works you probably have heard of this advice and it’s a wise one:  Diversif...

One survey I read said that just ¼ of kids 13-21 actually learn from their parents.  Only about 1 in 4 of the children are getting any solid financial education from their parentals! Today, we want to discuss a topic that is near and dear to our hearts and that is to help people become savers and not just spenders.  More specifically, we are going to talk about how you can raise your children, or...

Dave is going to dig deep on the subject of kids and money so that if you have kids or have a connection to kids and want to get them off on the right foot, financially speaking, come along for a listen. Now I know everyone's story is different. Sadly, financially speaking, many kids these days are not being taught anything about personal finance, and guess what, when they get older they tend to c...

Are you house-rich and cash-poor? Find out on this week's episode... Did you know that those who delay gratification are more self-motivated and more able to face future obstacles or challenges when they come? Delaying a reward can be hard at the time but the rewards for waiting will outweigh the initial disappointment you may have. Today, Dave is going to speak on a common problem many of us have...