Something On My Mind

Part One: Millennial money around passive income streams, side hustles (gigs) and the F.I.R.E movement. Part two: Millennial budgeting and overall personal finance. There are many stereotypes and myths with this demographic; however, all us have a lot in common.  Millennials also stand to inherit the largest amount of wealth - over $68 trillion from their Baby Boomer parents by the year 2030. For...

The budget tip of the week explains the value of watching the unit pricing when buying products in the grocery store. If you are willing to purchase similar items that have better values and with more product to consume, it can create more disposable income in the monthly budget. By reducing cost and without additional consumption, that is a winning formula to save more money to control debt.     

The third round of the stimulus checks are being issued. What it the best way to use the money with your budget. Some people are in dire straits and may use these funds differently than those that have managed the pay the bills.  The key goal is to pay down debt especially when it comes to credit cards and if that is in check then this money can be invested. In the roundtable, a bank employee was...

The budget tip of the week explains why it is crucial to review your credit report and the impact it has on your monthly budget. Performing this exercise ensures that you can monitor hard inquiries, late payments, bankruptcy, collections and any references that may impact your credit score. This ultimately impacts what it will cost you to borrow money when an interest rate is offered from lenders....

The review of the hit Netflix show Marriage or Mortgage. They break down the format of the show where the couples are given options for their big decision by from a real estate agent or a wedding planner. Next are budget tips that you can use in the event you are in this life situation. For the stories of the week, they stick to things that have been lost and then found again. One lady lost a ring...

The budget tip of the week explains why it is crucial to reconcile the monthly budget each month. Performing this exercise ensures that the products and services that you cancelled don't show up the next month. If they aren't removed, you keep paying.     

In this episode covers relationships and personal finance. When is the right time to talk about your credit cards, your debt, the budget, savings and retirement.  Next are tips on how to approach your partner with tough questions as money is commonly sighted as the number reason for divorce.  For the story of the week, let's stick to the marriage/divorce theme by discussing the unusual ways that p...

The budget tips the week provide tips on how save on your gas and electric bill and make a positive impact on your budget.  

The listener question of the week which is: My wife is leaving her job and she needs a budget update. Does she need have a retirement plan option with a new employer or can she open up a Roth IRA while maxing out her husband's 401(k)?  In the topics section: the story of two girls who became friends at work; they had many similarities and eventually realized that they were sisters.  Next: stories...

The budget tip of the week provide tips on how save on your medical procedures whether you have health insurance or not. By obtaining the medical procedure codes and working with your doctors, they are often willing to lower your budgetary costs.   

This episode covers the budget and why it is critical to your success for a balanced life. If you don't budget, odds are you will not be able to retire unless you are forced to.  Next is the hidden piece in managing the budget by ensuring that every bill is transformed into a fixed amount just the like mortgage and the car payment are. This ensures stability and predictability.  In the stories sec...

The budget tip of the week reveals that the cost for owning cars including the payments, gasoline, insurance and maintenance can be the largest collective cost in the monthly budget. Part of this cost is for tires than can be $500 - $1,000 to replace. One solution is to buy quality used tires online and the cost can often be 50% less.  https://www.bestusedtires.com/  

Is it more beneficial to choose the standard deduction or itemize deductions? They also review many of the common deductions that many tax filers qualify for. In addition, the goal is not to receive a tax return; the average refund is $3,000 and this money can be used to pay down debt such as credit cards and car loans or it can be used as an investment that can achieve compound interest throughou...

The budget tip of the week discusses how much money that you save by cutting back on buying coffee from a barista.  It is possible that a family of four can spend up to $7,700 per year.  Next: how much money can be accumulated by investing the savings and letting the compound interest grow.    

This episode discuss the details about how to allocate assets in your 401(k), Roth 401(k), 403(b) and 457(b) plans. What are the many types of mutual funds that invest in the stock market including large-cap, mid-cap, small-cap, international funds, value funds, balance funds, bond funds, and money market funds? For the stories of the week, they discuss a Valentine's Day theme. First they cover st...

The budget tip of the week details how to prevent Americans from wasting 40% of the food that they buy. In fact, the average household wastes $3,080 per year and investing that savings can add up to over $300,000 over a 30-year time span.   

This episode reviews having a 401(k) and Roth 401(k). Why you should have a 401(k), what is the best option, and when should you start saving.  In the roundtable: ghosts appear to be knocking items off of stools and the the bar in the basement along with stories around spilling things in public places.  For the stories of the week: How a 5th grader cashed in nicely on GameStop stock that was purch...

The budget tip of the week explains how to account for capital gains and losses from selling stock. Knowing this information has an impact on adjusted gross income (AGI) when filing taxes each year.   

This episode discusses GameStop’s astronomical rise in their stock price due to the people on Reddit's Wall Street Bets forum colluding together to drive the stock price up and squeeze the short sellers namely, Melvin Capital. Next: how short selling works, why you should be careful with this type of stock betting and what is the aftermath going to be.  In the Coronavirus montage: razor blades in...

The  budget tip of the week explains the rule of 72 which determines how long that it takes to double your money based on your desired rate of return. In addition, the benefits of compound interest and how investing adds up over time.  

This episode discusses why a will is not enough to protect your estate and why a trust in most cases supersedes the will. This way, you can ensure that your investments and your assets are distributed to the people that you intended without conflict.  In the roundtable: the lack of exercise and how the Mirror exercise machine can get people back into shape.  In the Coronavirus montage: insider inf...

The budget tip of the week, covers why hand washing your dishes uses more than four times the energy than many dishwashers.  Next: the statistics on how to save on your budget, how to reduce water usage, as well as the positive impact on the environment. Lastly, you save up to 30 minutes a day by following a few simple steps. https://cascadeclean.com/en-us/rethink-the-sink  

This episode discusses how you may qualify to get employer benefits for items such as sick leave, relocation benefits and namely health insurance. In the roundtable they discuss the picture taken on ghosts over the dining room table as well as objects falling off of shelves by their contractor.  In offbeat stories section, Elon Musk mentioned a messaging app that he supports to the media; however,...

The budget tip covers the details around how surprisingly expensive candles are and what you can do to prolong the burning life of them to save money.  

This episode starts off with the roundtable by discussing how scrubby people are looking at the grocery store and how Cindy can cook a simple meal yet make the kitchen look like Thanksgiving just ended.  In the financial topic reviews the tiny house movement. People take this path has been on the rise due to the affordability and flexibility. They analyze the finances involved as well as considera...