Extreme Personal Finance Show

Are we Too obsessed with Credit Scores? In this episode we discuss Credit scores, particularly FICO scores, are numerical representations of creditworthiness, calculated using factors like payment history and credit utilization. While not universally required, good credit can significantly impact various aspects of life, from mortgage rates to insurance premiums. Responsible credit management, inc...

According to a LendingTree report total credit card balance is now over $1.166 trillion! Over 47% of those in the US carry a credit card balance. Gulp! with an average interest rate of 22.8%! Yuk!  In this episode we talk about some debt paydown methods, how they work and how they approach the problem from different psychological angles. Contact Chris: https://heavymetal.money ⁠https://www.faceboo...

Paying for college doesn’t have to be a financial nightmare!  In this episode we talk about some of the ways to cover the cost without drowning in student loans. Contact Chris: https://heavymetal.money ⁠https://www.facebook.com/MoneyHeavyMetal⁠ https://x.com/MoneyHeavyMetal ⁠https://www.instagram.com/chrisluger⁠ ⁠https://www.tiktok.com/@heavymetalmoney⁠ email: chris at heavymetal.money Contact Dan...

NVIDIA, a prominent player in computer chips, experienced a crazy stock market decline due to competition from DeepSeek, a Chinese AI company.  Investors should consider index funds instead of relying solely on past performance for future gains. NVIDIA is up 28,000% over the last decade and had seen a 176% gain during the year 2024.  So many peeps feel the anxiety of tax season? Those late nights...

In this episode we talk about Health Savings Accounts, or HSA. They are one of the most powerful financial tools for managing healthcare costs while unlocking some serious tax advantages. Whether you're navigating medical expenses or planning for the future, an HSA is more than just a savings account—it's a triple-tax-advantaged juggernaut that also doubles as an investment vehicle. This...

The trades, across many industries, are currently facing a significant shortage of skilled workers. Trades jobs such as plumbers, electricians, carpenters, as well as HVAC technicians are in high demand. A report by the NAOB, 77% of contractors are struggling to find workers. Demand for skilled tradespeople is outpacing supply. The U.S. Bureau of Labor Statistics projects a 10% growth rate for HVA...

The sunk cost fallacy is a common psychological trap that affects our decision-making processes, often leading us to throw good money after bad or continue with unproductive endeavors simply because we’ve already invested time, money, or effort. Understanding this fallacy is crucial for making better decisions in many areas of life, including things like reading a book, finishing a movie, relation...

This is an extra EXTREME show today, I’m thrilled to be joined by Dr. Jordan Grumet or Doc G, author of the new book The Purpose Code. In it, Doc G shifts our focus from chasing massive, often overwhelming goals to finding the everyday actions and personal passions that spark genuine joy and build lasting fulfillment. In our discussion, we dive into how generational trauma, money scripts, and nega...

We’ve all been there. We walk past an end cap, or walk up to the checkout at the store, you think to yourself, “Oh I could use this snack!” Or, this product will make my life easier! It’s no fluke! It’s not happenstance. Retailers and marketers work really hard to get you to spend more. This leads to impulse purchases, or impulse spending. Impulse spending is a common financial problem that many p...

Planning for retirement is a wicked big decision! Right?! It can be one of the biggest things we plan for in our lives. However, the biggest unknown we have while planning is how to know how much money we need in retirement. How much money do we need invested for us to continue to live our meaningful and purposeful lives while in retirement?  If we attempt to calculate how munch money we need in r...

At the year’s end it can be a good time to review our finances and see how things have been going with your money. It’s also a wonderful time get ready for a strong start to the coming new year. In this episode Dan and Chris discuss how personal finance isn’t just about saving money. It’s also about planning, setting goals, and making smart decisions that will help you in the long run. Whether we...

How do you measure success?  How do you measure financial success. Is it how much you make? Is it your net worth? Is it how much free time you have?  How much would you have to earn to feel you are “successful”  Chris and Dan jam through some of these questions and some data from a recent report that claims those born between 1997, and 2012 feel they need over a $500k salary to be what they feel a...

Life insurance is one of those things we should include for a solid financial plan. These can give you peace of mind. You know your family and loved ones will be taken care of if something happens to you. This episode Dan and Chris jam through some of differences between whole life vs term policies, and  why Whole Life Insurance can be good for High Net Worth Individuals Contact Chris: https://hea...

In this episode we talk thought the differences between being effective and being efficient, and how it relates to your financial goals! These two concepts are not the same. Let’s break them down, and better understand what it means to be both efficient and effective. Especially when it comes to our financial goals.  Efficiency: Being efficient is about doing things right. It means getting the mos...

In this episode we jam on a recent reeport that explores the idea that Gen Z adults are less likely to save for retirement due to financial struggles and a different view of retirement. Only 20% of Gen Z respondents are saving for retirement, with 36% citing high debt or low income as the primary reason. Despite the challenges, 66% of Gen Z savers are using 401(k)s, and 84% report saving a portion...

As we begin on our path to financial freedom can feel totally overwhelming, especially if you’re just starting out. However, managing your personal finances is much like learning and mastering any other skill in life. With patience, practice, and persistence, you can build a strong financial foundation, meet and exceed your financial goals, and  even retire early!  Let’s take a look how personal f...

Why is it a good idea to have an emergency fund?  How to fund and where to stash your cash.   Contact Chris: https://heavymetal.money https://www.facebook.com/MoneyHeavyMetal https://x.com/MoneyHeavyMetal https://www.instagram.com/chrisluger https://www.tiktok.com/@heavymetalmoney email: chris at heavymetal.money Contact Dan: email: dan at corepln.com https://www.corepln.com/dan-hine Resources and...

Dan and Chris share some tips and tricks to saving money on everyday items, from groceries, dining out, streaming services and entertainment, and auto repair! Contact Chris: https://heavymetal.money https://www.facebook.com/MoneyHeavyMetal https://x.com/MoneyHeavyMetal https://www.instagram.com/chrisluger https://www.tiktok.com/@heavymetalmoney email: chris at heavymetal.money Contact Dan: email:...

Chris and Dan debunk some myths and help those better understand how tax brackets work and income tax is calculated! Contact Chris: https://heavymetal.money https://www.facebook.com/MoneyHeavyMetal https://x.com/MoneyHeavyMetal https://www.instagram.com/chrisluger https://www.tiktok.com/@heavymetalmoney email: chris at heavymetal.money Contact Dan: email: dan at corepln.com https://www.corepln.com...

Dan and Chris discuss why we shouldn't pay attention to these articles that claim starter homes are a million dollars! Contact Chris: https://heavymetal.money https://www.facebook.com/MoneyHeavyMetal https://x.com/MoneyHeavyMetal https://www.instagram.com/chrisluger https://www.tiktok.com/@heavymetalmoney email: chris at heavymetal.money Contact Dan: email: dan at corepln.com https://www.core...

Contact Chris: https://heavymetal.money https://www.facebook.com/MoneyHeavyMetal https://x.com/MoneyHeavyMetal https://www.instagram.com/chrisluger https://www.tiktok.com/@heavymetalmoney email: chris at heavymetal.money Contact Dan: email: dan at corepln.com https://www.corepln.com/dan-hine Dan and Chris jam on the recent market decline, and why it really shouldn’t matter for most of us!  Resourc...

Many Americans are struggling to make ends meet. Dan & Chris discuss why this is, and some tips on how to help pay your bills Contact Chris: https://heavymetal.money https://www.facebook.com/MoneyHeavyMetal https://x.com/MoneyHeavyMetal https://www.instagram.com/chrisluger https://www.tiktok.com/@heavymetalmoney email: chris at heavymetal.money Contact Dan: email: dan at corepln.com https://ww...

Simplify Your Finances: Tricks for a Simple Budget What budgeting method works best for you? The one you actually use. There are so many ways to budget for money. Is it zero-based budget? Is is 50/30/20 budget? Maybe you hate budgeting and want to use something called the Anti-Budget. Contact Chris: https://heavymetal.money https://www.facebook.com/MoneyHeavyMetal https://x.com/MoneyHeavyMetal htt...

Contact Chris: https://heavymetal.money Heavy Metal Money on Facebook Heavy Metal Money on X Heavy Metal Money on Instagram Heavy Metal Money on YouTube Heavy Metal Money on TikTok Email Chris Contact Dan: Email Dan https://www.corepln.com/dan-hine Welcome to the newly branded and relaunched podcast! We are calling this the Extreme Personal Finance Show. How rad! Right? Dan and Chris explore if we...

Contact: https://heavymetal.money Heavy Metal Money on Facebook Heavy Metal Money on Twitter Heavy Metal Money on Instagram Heavy Metal Money on YouTube Heavy Metal Money on TikTok Email Me I'm wicked-excited as we begin a series with Justin from the Road to Wealth Podcast around mindset and being able to "fail better".  Justin and I go through one another's past and present en...