Money Plan SOS - Personal Finance for Everday Americans

#127: Where should I save my emergency fund? Should I begin with investing or put money away for my kids? These are the questions of a young couple that wanted to make sure they were saving money in the right places. This episode will give you a clear picture of how your extra money should trickle-down [...] The post Trickle-down Effect For Your Savings Buckets appeared first on MoneyPlan SOS.

#126: How To Get Away From Credit Card Debt Forever. These 4 Steps slowly weens you away from your dependency on credit cards. The old rules about credit cards no longer exist How long have we been hearing that debit cards are not as safe as credit cards? How many years has Suze Orman scared us [...] The post Get Away From Credit Cards Forever appeared first on MoneyPlan SOS.

#125: God wants you to be rich. How do I know? Because Jesus died to pay our debts - so at least we all get to start with a net worth of zero! Also, Jesus also told us the Parable of the Talents. It's a story of a rich man that went away and left a [read more at https://moneyplansos.com/1-2-or-5-talents-god-wants-you-to-be-rich-mpsos125/]

#124: There are 4 steps to help make smart purchasing decisions. Being responsible with your money is very important when trying to get out of debt. We all want our money to go as far as it can and wasting money isn't being responsible money managers. The better we use our money the more we have to [...] The post 4 Steps To Making Smart Purchasing Decisions - MPSOS124 appeared first on MoneyPl...

#123: CBS news reported that 76% of American households are living paycheck to paycheck. Less than half have three months of worth savings. We are sending our kids to college with no money and over a trillion dollars of outstanding student loan debt. Normal in America is being broke. It's time to get weird. It's time to stop managing our [...] The post Three Budgeting Processes That Work a...

#122: What does it take to retire early? Saving a ton of money now and/or building a business that will provide you with a stream of income are two ways to make it happen! The DividendMantra, Jason Fieber, and Kraig Mathias from YoungCheapLiving.com share their stories with us. Saving for retirement in non-retirement options Jason and [...] The post Can You Really Retire Early? DividendMantra and...

#121: Equifax got sued, Jeff Rose talks about his new book "Soldier of Finance", and there's not such thing as a free lunch. Jeff Rose is on a Roll Jeff and his blogger-wife Mandy have just released a new podcast geared towards bloggers and online marketers. It is dedicated to giving you tips, strategies and success [...] The post Equifax Got Sued, Jeff Rose's Soldier Of Finance, a...

#120: PerkStreet closed its doors in 2013. Listen to an exclusive interview with PerksStreet CEO, Dan O'Malley about what happened to PerkStreet, what happens to our money, and what about the Perks? One of my soldiers is down: PerkStreet was that final ammunition that proved you don't need a credit card to exist and prosper in America [See more at What Happened To PerkStreet?]

#119: Our culture is so material-driven that it keeps many of us in jobs we hate, stressed out to the point that it is unhealthy, and disconnected from our own families. The position of "Stay At Home Mom" has been eliminated in order to achieve the "American Dream". When we get out of high school and [...] Find out more by visiting http://stevestewart.me/the-real-cost-to-be-a-stay-...

#118: The Wall Street Journal released an article that shows the average 3 hour major league baseball game averages only 18 minutes of actual actions. That means there is absolutely nothing happening 90 percent of the time. Those 18 minutes contain all the real action and the real big plays often last less than 30 seconds. [...] For more information, go to https://moneyplansos.com/stay-in-your-inv...

#117: Dave Ramsey's 7th Baby Step is to Build Wealth and Give. If you've been following each step then you have absolutely no debt, even the house, and you have more than three months worth of expenses in savings. I believe there is more to BS7 and it should be renamed Build Wealth and Leave a [...] The post Baby Step 7: Build Wealth and Leave a Legacy - MPSOS117 [podcast] appeared first o...

#116: Paying off the house early is Dave Ramsey's Baby Step #6 UPDATE: We paid our house off in December 2015. Why should you pay off the house early? Owning a home free-and-clear means you don't pay rent or a monthly mortgage payment - you have no obligations on for the place [...] The post Baby Step 6: Pay off the house - MPSOS116 [podcast] appeared first on MoneyPlan SOS.

#115: Special guest Rachel Cruze discusses ways to pay for kid's college as we talk about Dave Ramsey's Baby Step 5. Baby Step #5 is to save for kid's college. Once we have gotten ourselves out of debt and started to save 15% in retirement it is time to save for our children's higher education. College expenses have [...] The post Baby Step 5 with Rachel Cruze: Save For Kid's C...

#114: Dave Ramsey's 4th Baby Step is to invest 15% for retirement. This brings you half way through a complete Total Money Makeover - and the rest is pretty easy. Baby Step 4: The Easiest Baby Step Dave Ramsey's BS4 is to invest 15% for retirement [click here to see more at https://moneyplansos.com/baby-step-4-invest-15-for-retirement-podcast]

#113: Baby Step 3: Save 3-6 Months Of Expenses. Dave Ramsey's third Baby Step is to create a fully-funded emergency fund equal to three to six times your average monthly expenses. Why? Emergencies come in many shapes and sizes Car troubles (repairs, accidents, and what I call "beater replacement") House repairs (roof, HV/AC, fence damage) Unemployment [...] The post Baby Step 3: Save 3...

#112: This is Week 2 in the 7 week series of Dave Ramsey's Baby Steps to Financial Peace. Last week I talked briefly about Baby Step 1: Build a $1,000 starter emergency fund. Baby Step #2 is to pay off all consumer debt using the Debt Snowball Method. Why is The Debt Snowball in Baby Step 2? [...] The post Baby Step 2: The Debt Snowball Method appeared first on MoneyPlan SOS.

#111: From ELP to El Machete, Andres Gutierrez is the voice of Financial Peace for the Hispanic community. Andres has been helping people with their finances for the past decade but it wasn't until 2009 that he became "The Hispanic Dave Ramsey" with his own syndicated radio show and a 6 DVD series that teaches Financial Peace [...] The post Andres Gutierrez: From ELP to El Machete - MP...

#110: What are the top 10 financial products debt free people must have? Over the past 50 years our society has invented thousands of financial products: Credit cards, hedge funds, and the inappropriately named "FreeCreditReport.com". The most marketed category of products today, the ones we are the most familiar with and are told we can't live [See More at 10 Financial Products Debt F...

#109: Dave Ramsey Tweeted "Saving 100 dollars per month from age 25 to age 65 at 12 percent growth will turn into 1.176 million dollars This Tweet caused a lot of uproar in the financial community. To get to the bottom of this OG from the Stacking Benjamins podcast shares his thoughts about: Average equity returns [...] The post Dave Ramsey says saving 100 a month can make you a millionaire -...

#108: Do you know how much you should have in an Emergency Fund? Dave Ramsey recommends having a 3 to 6 month worth of liquid savings in case the unthinkable were to happen. Serious illness, sudden loss of income, or expensive unpredictable events can take anyone by surprise. Having thousands of dollars in savings could convert [...] The post How Much You Should Have In An Emergency Fund - MPSOS10...

#107: Get it while it's hot! Banks and lenders are offering to sell us money everywhere – and they are telling us it's cheap! The marketing around selling debt is more prevalent than ever before. Try turning on the TV or driving down the road without hearing an ad or seeing an billboard for a debt product – you'll never make it. For more information, visit the show notes at https://mon...

#106: Have you ever had one of those weeks when everything went wrong? I'm having one and it might just cause me to pay for my speeding ticket with emergency savings. This week's mishaps: Our stupid backyard fence needed repair My laptop battery stopped working I got me a speeding ticket! The post Paying for a Speeding Ticket with Emergency Savings - MPSOS106 [podcast] appeared first on Mo...

#105: We bought my wife's last vehicle from the Joneses. You've heard of the Joneses. They have all the freshest gadgets, the most fashionable clothes, and drive the newest vehicles. You can get an excellent bargain if you buy your next car from the Joneses without getting a lemon or ruining your finances. Buy your next [...] The post Buy Your Next Car From The Joneses - MPSOS105 [podcast]...

#104: Gregg Murset, Founder and CEO of MyJobChart.com, believes teaching children early and often is the best way for them to learn how money really works. He should know, he has six children between the ages of 5 and 15! Teaching Kids About Work And [...] The post Teaching Kids About Work and Money with MyJobChart.com - MPSOS104 [podcast] appeared first on MoneyPlan SOS.

#103: Car payments, mortgage interest deductions, the morality of money, and who has control of your money: This episode addresses these popular financial topics and we give you a new perspective. Today's show is brought to you from Jon White, my pal and comrade from JW's Financial Coaching. He is all about giving you a new [...] The post 4 New Perspectives For Your Money - MPSOS103 appear...