Money Plan SOS - Personal Finance for Everday Americans

#177: Farnoosh Torabi is known for contributing to The Today Show and Money Magazine as well starting her own podcast - So Money. But today we are having a conversation with her about her most recent book: "When She Makes More: 10 Rules for Breadwinning Women" The book is written for the working woman who earns more in the workplace than her man. While the financial nerd in me appreciates...

#176: Derek and Carrie Olsen help us discover if a marriage can survive a foreclosure. Full show notes with links at https://moneyplansos.com/divorce-proof-your-marriage-by-going-through-a-foreclosure-mpsos176/

#175: The Greutmans are debt free and now employ Americans to run their small business - IAmThatLady.com. UPDATE: Lauren has launched a new business and can be found at https://www.laurengreutman.com The Browns just paid off their HOUSE! What are they most excited about? Listen to the testimonies of two families with different reasons for killing their debt - and what it has done for them. Also in...

#174: UPDATE: Even bigger changes came since releasing this episode in 2015. In short: My business failed to grow but a new one EXPLODED in the first half of 2016. You can see what I'm doing now at https://SteveStewart.me _______________________________________ ORIGINAL POST: Big changes are coming my way - and yours. Listen to my plans to leave the day job, focus all my time on helping others...

#173: The sign on their front door says "No Credit Cards". How can such a large chain exist without accepting credit cards? Clint Woodman, Vice President of Woodman's Food Market, shares the business side of accepting credit cards as a business and why they never have and never will accept credit cards - for the good of their customers! Also, Gary Leland talks about Stripe, a mobile an...

#172: Tax specialist, John Beidel, joins me in a discussion about 15 Year-end Tax Saving Tips - an article from Betterment.com. Try Betterment for 30 days when using http://moneyplansos.com/betterment For more information, visit the show notes at https://moneyplansos.com/year-end-tax-tips-conversation-with-john-beidel-mpsos172/

#171: New retirement contribution and income limits for 2015 have been released by the IRS. Take the Debtor's Anonymous Quiz - 15 questions to help identify compulsive debtors. The perfect credit score has been achieved. How much will it cost YOU? Instead of a segment of Holla from the Impala I present to you: Audioblog while walking the dog I was interviewed by Mint.com. Read about the Conven...

#170: I'm answering listener emails: Patti emailed her concerns about "filling a void" by purchasing things she doesn't need and I answer the question "Should I pay off my $55k mortgage with savings?" For more information, visit the show notes at https://moneyplansos.com/ways-to-curb-an-addiction-to-shopping-mpsos170/

#169: Henry Rollins tells a debt free story. In the episode titled "10 things you don't know about the almighty dollar" he tells a debt free story about America. It appears that Andrew Jackson was the first and only President to pay off all of America's debt. LOVE IT! Listen to the episode for more about when America first got into debt Watch the episode here (some restrictions app...

#168: John Pugliano has more than 30 years of purposeful purchases behind him. Full show notes at https://moneyplansos.com/looking-back-at-30-years-of-purposeful-purchases-mpsos168/ His wife was able to stay home with all 6 kids while he focused on his career. He retired early and has been able to help others learn how to invest in stocks. Is living on less than you make for 3 decades worth it? He...

#167: Is it possible to have a simple and fair solution to the US tax code? Yes, it's called the FairTax. 105 years ago the 16th Amendment was passed allowing the US Government to levy an income tax on corporations. Somewhere along the way things changed and we find ourselves buried under 74,000 pages of tax code. Which is simpler: 74,000 pages or 133? The FairTax turns our complicated system...

#166: Listen to my debate with Joshua Sheats from Radical Personal Finance on various financial topics he deems to be dangerous to Dave Ramsey Show listeners. Links mentioned in this episode: Post: The shockingly simple math behind early retirement by Mr. Money Mustache Book: Jacob Lund Fisker's Early Retirement Extreme Episode: Joshua's plan for how I would become a Millionaire with a min...

#165: Lisa left her job for another. She could have rolled her old 401k into the new plan, but she wanted more options. Full show notes and resources at https://moneyplansos.com/what-should-i-do-with-my-old-401k-mpsos165/ What should I do with my old 401k? Lisa Emperador is a young professional who changed jobs after accumulating $8,000 in her old 401(k). She had several options for what to do wit...

#164: Even though FICO is celebrating 25 years as a publicly traded company, this is their very first audio interview. We are going to hammer out the clear and correct information about FICO and the credit scoring industry. Anthony Sprauve, Director of Public Relations at FICO, tells us the truth about: How FICO is able to capture our data from credit card companies, auto loans, student loans, etc...

#163: Rey Brown explains how the cell phone industry works and gives suggestions for saving money on a new plan. A full list of resources can be found at https://moneyplansos.com/save-money-on-your-iphone-and-cellphone-bill-mpsos163/

#162: Tom Corley, author of Rich Habits, releases his new book Rich Kids. What are 5 activities that will guarantee your kids will avoid a life of poverty? What are the three paths to wealth? Are sports better than after-school activities? Listen to the show and find out. Much more information can be found at https://moneyplansos.com/rich-kids-with-tom-corley-and-coin-is-doomed-mpsos162/

#161: What if you could invest your loose change at the end of the day? Now you can with Acorns. Acorns is an app taking advantage of new technologies and less expensive investment fees to allow anyone to start investing in ETFs from Blackrock, Vanguard and PIMCO. ________ Take the #100challenge in September 2014. See how fast you can save or earn $100 more. Then apply the money to your next goal:...

#160: You can't turn on the TV or have a conversation with someone about money without the subject of credit scores coming up. With all that awareness you would think that everyone would have a basic understanding of how credit works. Unfortunately, there is a lot of miss-information being spread around. There are many myths surrounding the credit score; believing these myths can not only wrec...

#159: The first 6 steps to buying a cash car are laid out by James Kinson, the Cash Car Convert. He helps everyday Americans kick auto debt to the curb and make smart buying decisions when it comes to automobiles. For more information, visit the show notes at https://moneyplansos.com/steps-to-buying-a-cash-car-with-james-kinson-mpsos159/

#158: It is inevitable: Your debit card will be compromised some day. What happens when my debit card is stolen? Money will be taken out of your account Your bank may call you or you must call your bank when you find out The Zero Liability Policy will kick in The money will be returned to your account in short order Any insufficient fund charges will be removed by your bank You will be inconvenien...

#157: How was John Lee Dumas able to start Entrepreneur On Fire without ANY income for 9 months? John tells us how in this exclusive interview about how successful people spend money. Also, Suze Orman's Preferred Debit Card is no more and PerkStreet customers get money in the mail! For more information, visit the show notes at https://moneyplansos.com/debt-freedom-helped-john-lee-dumas-launch-...

#156: Would you like to know how we paid for our vacation at a horse ranch without credit cards? It's easy: We prepaid for our travel expenses with a debit card, prepaid for the week at a horse ranch by check, and paid cash for the rest. Oh, and we saved more than $160 by staying away from credit cards. In this episode I break down the different ways to pay for things like rental cars, souveni...

#155: How much attention do you really need to give to managing personal finances? Here are 10 ways we pay attention to our money - and most of it doesn't involve a lot of time: Always: Check remaining budget balances before spending. Daily: Enter transactions into your checkbook/software/YNAB Monthly: Balance checkbook/YNAB Monthly: Set up budget (again, we use YNAB) Quarterly: Review investm...

#154: It had been a hectic morning. I recorded two interviews before leaving for the airport but I made it to the terminal with plenty of time. About 100 passengers ahead of me were being rushed as their flights were affected by weather but I had plenty of time. No reason to panic - I've done this dozens of times: Print boarding pass Check a suitcase Head towards security Have ID and boarding...

#153: 3 Debt Elimination Strategies that WORK! Any one of these debt elimination plans will work if you work the plan: Debt Snowball: Pay extra on the debt with the smallest balance. Debt Avalanche: Pay extra on the debt with the highest interest rate. Risk Reduction: Pay extra on the debt with the most risk. This could be back taxes or a loan from your mother (you don't want to risk the relat...