The FitBUX Podcast

Today we are discussing how to manage your money wisely, and the risks associated with investing. We are focused on a specific case study of a recent graduate who has some cash in their 401k, Roth IRA and taxable investment account. The first thing that stands out is that this individual does not have an emergency fund yet. This is quite concerning as an emergency fund is vitally important for any...

This podcast episode is all about developing a financial plan based on the specific circumstances of a couple. To illustrate this, we use a real life example of a physical therapist and his fiancé, who are both recent graduates and will be getting married this year. They have saved over 100k between their cash accounts, taxable investments and retirement. They have also paid down their student loa...

In this podcast, we discuss how universities are falling behind on student debt and AI/Tech advancements, resulting in a decrease of value for university education. We use this as an example of why it's important to keep learning so you don't become obsolete and avoid financial ruin. Tune in now! If you need help developing your financial plan and implementing, be sure to check out our new technol...

Welcome to the weekly financial update podcast! This week we discuss student loans, mortgages, and stocks. This podcast episode covers the latest news on student loans and how to get them forgiven. We discuss the new digital signature feature for PSLF recertification, as well as a recent Supreme Court ruling that could allow borrowers to have their loans forgiven if they can prove fraud by their s...

In this episode, I highlight 2 examples of financial misinformation on the internet.  The purpose of highlighting it is to illustrate how the advice seems good but people that follow it put themselves in a horrible situation. I then go describe how to overcome this misinformation so you can achieve financial freedom. If you need help with your money, be sure to become a premium member of FitBUX .

Even if you're not a SLP, this episode is still for you! There's a little bit about business, a little about mindset, and a lot about pivoting when you see a need for change regardless of which profession you're in.  Theresa is a medical speech-language pathologist and Board Certified Specialist in Swallowing and Swallowing Disorders.  She previously owned a mobile FEES company that serviced over...

This is part two of our What is money podcast.  In part 1 we described what the saying "money is a reflection of past event" means in regards to your income and how you can use this knowledge to your advantage. In this episode, we talk about using this knowledge to develop tangible financial freedom.   For What is Money? Part 1, click here:   https://www.fitbux.com/podcast/ what-is-money-part-1 /...

Financial freedom consists of two parts: Intangible and tangible financial freedom. Intangible financial freedom is how we mentally think about money.   In this episode, Joe discusses his definition of what money is and how to use this knowledge to improve your tangible financial position. The concept he shares is this: Money is a reflection of past events.  See how this applies to your current in...

This is a quick update on the student loan pause lawsuit from SoFi and info on how the SVB closure is going to rattle the markets.

This podcast explores conforming loan limits: the maximum amount of money a lender can lend for mortgages backed by Fannie Mae and Freddie Mac.  We discuss: What qualifies as a conforming mortgage limit,  Types of loans that fall under the loan limit,  The factors that affect the limit,  And how to qualify for one.  

This episode is a story about how to make good financial decisions.  In this particular story, it's about a girl in healthcare who made a good home buying decision. She has paid off over 6 figures in student loan debt in 7 years, and now her financial focus is shifted towards buying a house.  Here comes the dilemna.  They wanted to buy a house, but they wanted to move back to their hometown in 5 y...

This episode details how much you need in an emergency fund and how to invest those funds. I discuss each of the following: What is an emergency fund? What expenses to include. Two of the biggest factors in determing how much to have How to invest your emergency fund Using a Roth IRA as an emergency fund Reducing your emergency fund to pay off debt faster If you'd like to read more you can use thi...

There is a bit of confusion on how student loan interest works. In this video I break down how student loan interest works while you are in school, during your grace period, and once you are in repayment. I also discuss how student loan interest works on subsidized loans as well as for tax deductions. If you enjoyed this video make sure to like, subscribe, comment and share with your friends! Get...

President Biden announced a new student loan repayment plan at the end of January.  Well, actually its not new.  His plan is to revised the REPAYE program. Although people have been cheering it because how low it drops your monthly payments, it is extremely bad news in regards to the big picture. This podcast details why and what you need to do so you can be prepared. If you want more details on t...

Each week we provide a financial update on items that are relative to young professionals.  The three topics we highlight are student loans, investments, and real estate. This week, the major announcements centered around student loans.  Primarily, they discuss when loan repayment may be starting and highlight the need to start planning now. Links referenced in this podcast: Real estate valuation...

One of the leading causes of break-ups and divorces is money.  I can't tell you how many calls I've been on were couples argue about it.  So in this podcast, I'm going to share with you some tips on how to manage money as a couple.  One key takeaway I want you to remember: When you manage your money together wisely it will be easier to have money complement your life instead of dictate it.   If yo...

We've been asked by many young professionals if they should be buying a house right now or waiting.  Everybody should buy when they feel ready. However, home affordability is at a 40 year low!  Therefore, I decided to dig into my old valuation bag to predict how much I think housing prices are going to drop. In September, I did a valuation and today I'm updating it based on current market conditio...

Joe Biden has announced his new student loan repayment plan.   Its' actually not new.  Its a revision to revised pay as you earn (REPAYE). If this goes into law which it has a good chance of doing, it has massive implications.  If you borrowed student loans between 2007 and 2014 you'll want to listen because you have to make a massive choice and have to make it soon. If you are going to pay off yo...

There are small difference but important ones to know when comparing a financial advisor vs planner. The big question is: Should you use either one of them? Financial advisors are supposed to help clients manage their money. This includes investment management, insurance 'investing', real estate, etc. Financial planners focus more on building a comprehensive plan and look at a broader picture. In...

There is a lot of confusion about investments.  Specifically, I hear from many people who are confused about Roth IRAs.  Therefore, in this video I explain Roth IRA for beginners. In the video I describe: - What A Roth IRA is - Reasons why you should contribute to a Roth IRA - Rapid fire questions that we are asked by many beginners such as how to open a Roth IRA, Roth IRA contribution limits, and...

Here is the latest about student loans and what to expect in 2023.  - What will happen with student loan forgiveness? - When will repayment start? - Should I switch plans?

Today's podcast is a quick story about two different families who bought similar brand new homes in the same area of town.  Both families are about the same age range, similar income, and similar family situations.  The difference is one home cost about $900K, and the other $350K. Now let's see what it means for both families as they enter retirement and net wealth.  

It's a complex question to answer.  Many will try to answer this by comparing your expected increase in income post-graduation relative to the cost and say a break-even in less than 10 years is good. This is flawed however.  It completely ignores risk factors to your finances.  In this podcast, Joe will review the best way to answer the question in his opinion. If you want more details, check out...

For more Travel PT info and financial strategies, check out this article: https://www.fitbux.com/articles/travel-physical-therapist-salary/

In this quick podcast episode, we explain the benefits of a pre-tax investment and the post-tax investment.  Which type of investment to choose will (as with anything in healthcare, and as you're starting to realize in finance) DEPEND on your goals and situation.   Many people make the mistake of recommending one extreme or the other. They either recommend focusing on pre-tax retirement accounts o...