PoFU Podcast

Will you get bored in retirement? Today's episode features themes of purpose and fulfillment in your retirement years. The transition from the daily grind to retirement can sometimes be an unforeseen challenge and we explore that through the stories of our fathers' retirement experiences, looking forward to our own.

You've heard of the Dave Ramsey Baby Steps, now let's discuss the FOO aka the Financial Order of Operations. Full credit to Brian & Bo at www.moneyguy.com for the FOO. Spoiler alert: we prefer the FOO over the Baby Steps, but you can't go wrong with either. If you aren't doing one of them, you're missing the boat!

Brotherhood. Community. Jeremiah uses episode 58 to express his extreme gratitude for teams, friendships, and giving back.

What good are strong finances without good health? Nathaniel Williams joins us in the studio for another episode where discuss the 3 pillars of health: sleep, nutrition, and exercise. We delve into the hypocrisy of modern medicine, a universal approach to nutrition (hint: eliminate processed foods!), and, possibly the most important ingredient to good health: sleep! A slight deviation from our nor...

Special thanks to Mr Nathaniel Williams for joining us in the studio where we do a deep dive on his "Vacation House Hack", his family vacation home that also doubles as a VRBO. Merlin Hütte is a single family house in the foothills of Schuss Mountain, an all-season golf and ski resort in northern lower Michigan. With year-round amenities including golf, skiing, mountain biking, and lakes, Merlin H...

Not every investment goes according to plan! Yes, every worthy investment comes with a certain level of risk. Not every investment will be a home run. Not every investment will hit projections. We've sung the praises of real estate syndications time and again, but they aren't as foolproof as we thought! It didn't help that the COVID cascade - excessive "printing" of currency leading to excessive r...

Back by popular demand! Well, sort of. We've heard you, PoFU fans! It has been a while. Nearly a year since our last publication, we are back to let you know that we are alive and well. A very sincere apology to the fans we forced to wait that long. We have plenty of excuses, and none of them are any good. Bottom line, we prioritized different things over the past year but are back in the studio w...

Should you rent or buy? Our conclusion...well it depends. Current state of your market, your need to be mobile, your career path , there's a lot to consider. From a pure financial perspective, we are basically 50/50 on the net financial benefit of owning vs renting. When you rent, your monthly rent is the MOST you will pay that month. When you own, your mortgage payment is the LEAST you'll pay tha...

Over the next 10 years, the number of individuals in the workforce ages 75+ is going to quadruple! It shouldn't come as a surprise considering the majority of Americans live paycheck-to-paycheck and live beyond their means. It brings us back to the famous Warren Buffet quote: "If you can't find a way to make money while you sleep, you will work until you die." Most people don't understand that sav...

If you could go back in time, how would you advise your 20 year old self? Grant Cardone says don't drink, don't do drugs, don't chase women, and learn learn learn. Fantastic advice, but we at the PoFU Podcast sing a slightly different tune. 

Surround yourself with good people. And when it comes to finance, surround yourself with financially successful people. Ask questions, learn, exchange ideas, talk about money! In this episode Jeremiah shares a statistic that's not at all surprising: 84% of Americans stress about money at least once a week.  Easy to understand seeing that the majority of Americans live paycheck to paycheck and have...

PoFU fans...it's been a while! Summer hiatus is no excuse, but that's what we are going with for now. It felt good to be back in the studio! Don't let the episode title fool you, we didn't dive deep into the financial benefits of marriage. Why? To be frank, we couldn't find any! Of course there are benefits of bill and resource consolidation, but from a tax perspective we aren't aware of any major...

The Dave Ramsey's of the world will tell you that credit cards are evil and debit cards are the only way to go. We could not disagree more! Like everything, there are pros and cons to each. We break it all down for you in episode 48.

A new bill has been passed in the state of Michigan requiring all students (starting with the 8th grade class in Fall 2023) to complete a personal finance class in order to graduate high school. How man times have we heard "I was taught the pythagorean theorem but I was never taught how to balance a checkbook"? In the state of Michigan, that's all about to change. Kudos to State Representative Dia...

Going into a new year we normally talk about goal setting. In episode 46 we have a different take on the subject: habit-setting instead of goal-setting. Habits are controllable and allow you to take "digestible" actions toward hitting a goal. In 2023 we are all about setting new habits!

PoFU Nation we are back! Surgeries, vacations, holidays, and of couse Jeremiah Time has kept us out of the studio, but we are back and ready to charge into 2023! This episode we discuss what worked and what didn't in 2022 and are excited to move the financial needle forward in 2023.

An integral part of the PoFU journey is dreaming big dreams. What would you do if you had all the money in the world? Would you buy stuff like houses, cars, and toys? Would you buy investments like stocks and real estate? Would you give some away to meaningful charities? A little dream session from time to time is a great exercise to help reinvigorate your PoFU goals, and what better time to do th...

This episode centers around the announcement of the recent student loan bailout and the $300 billion (or more??) bill handed out to the American taxpayers.  We start with a profanity-laced rant about how this is a colossal mistake, but we regroup and propose a solution that will not only revamp the entire student loan industry but will reduce the skyrocketing cost of college at the same time. Tune...

Arguably one of the largest investments some people will ever make, a college education is one that has seen diminished value over the past 10+ years. On the low end (public, in-state) the total cost of attendance for a degree averages about $125k nationwide. For private universities, that number soars to $270k! As corporate demand for college degrees has reduced, the supply of college graduates h...

We heard you, PoFU Listeners! We took a little recording break over the back half of the Summer but we are back with a new episode. Summer in Michigan is a special time and we chose to soak up all the Summer we could before getting back in the studio. Episode 41 is a State of the Union to bring everyone back up to speed on what's going down in PoFU-land. From a financial perspective, the stock mar...

One of the great conundrums of the PoFU journey is striking the balance between living for today and planning for tomorrow. The PoFU journey is long and arduous. After years of saving, investing, and growing streams of passive income we often find ourselves asking the question "what is all this for?" For some people, the PoFU journey itself is what excites them and keeps them focused on tomorrow....

**Warning! Sensitive real estate agents, proceed with caution! ** We love real estate agents. We really do. We have several friends who are real estate agents and we wish them nothing but success and hefty paydays. Real estate agents are a vital component to real estate transactions. However, the consensus at the PoFU Podcast is that for a large portion of transactions, real estate agents (especia...

Addressing 2 listener questions in Episode 38: Should I use a HELOC for a home improvement project? While every situation is different, the basis for our answer is to determine whether your home improvement project is a NEED or a WANT? If you have a repair that needs immediate attention (roof leak, failed mechanicals, foundation issue, etc) and you don't have the cash handy, then YES you should us...

Back from a short, Summer-induced podcast break, we are back in a fresh new studio for Episode 37! This episode centers around another of Jeremiah's famous "articles" that brings us a valuable lesson. Imagine this: over the past 40 years our country has experienced 6 recessions, 5 bear markets, 41 Fed rate hikes, 2 market crashes of 50%+, 12 wars, the Dot-Com Bubble, Black Monday, the Financial Cr...

The last in our 3-part series with special guest Brendan O'Driscoll from Treadstone. Brendan talks about the cost of waiting to buy a house relative to the recent rate hikes, we share some unfiltered feelings about Zillow and Rocket Mortgage, and we do our worst Jack Nickolson impressions from A Few Good Men. Enjoy!