The Millionaire Insider Podcast

Financial confidence plays a crucial role in making wise and informed money decisions. A 2023 NerdWallet survey revealed that three-quarters of Americans lack financial confidence. A major factor was the uncertainty in the U.S. economy. Today, you will learn what you can do to increase your knowledge so you can better manage your money and secure your financial future. In this episode, you will le...

Money anxiety is also called financial anxiety. Financial stress is one of the primary sources of anxiety. As the cost of living continues to rise, it impacts more people than ever. The  2022 Stress in America Survey conducted by the American Psychological Association shared that 87 percent of participants felt that inflation is a source of significant stress, greater than any other stress since t...

A financial advisor is a professional who provides financial guidance and advice to individuals or businesses. They help clients make informed decisions about managing their money, investments, estate, retirement, and financial planning. Before you ask how to choose a financial advisor, you'll need to figure out the type of advisor that will work  best for you and your situation. Today, you will l...

If you have ever dreamed of finding money, you will love today's episode! SmartAsset reports that there is over $49 billion in unclaimed property. The National Association of Unclaimed Property Administrators reports the amount of unclaimed property in states yearly. They share that over $3 billion is returned annually to its owners. Today, you will learn how to find unclaimed money as well as act...

The fear of outliving your money is terrifying and a real concern for many people - especially women. The Millionaire Insider's®  Women and Money Study confirmed that the most common fear is running out of money in retirement. Interestingly, many women shared that they don't know what to do. Or if they do, they aren't doing it. Today, we will review the steps you can take so you don't end up broke...

It is amazing how our beliefs impact every aspect of our lives, including our money. When we become conscious of our money beliefs, we can shift them. This can make it easier to achieve our financial and life goals. Today, you will learn everything you need to know about money beliefs, including research showing how different money scripts impact our relationship with money and our decisions. In t...

Heading into the New Year is a great time to create resolutions for the upcoming year. It is also a perfect time to review your financial priorities, including: * Your spending plan * Creating a plan to reduce or eliminate debt (including a plan to pay off debt, especially those with higher interest rates) * Analyzing your investments The beginning of the year is a perfect time to review your fina...

There are two mindsets. They are vastly different in their outlook and outcome. And they shape our reality and determine more about our journey with money than almost anything else. The difference between an abundance and a scarcity mentality is significant. And it has far-reaching consequences for our personal growth, relationships, and overall well-being. Today, you will learn how to change a sc...

Most of us can think of a habit we'd love to master. Like not overeating at an expensive restaurant when you hear the voice of a parent telling you to eat everything on your plate because hungry kids are living in Africa. Or the fact that it tastes so good you don't want to stop, right? Or you may want to weigh your ideal weight, or you want to create and enjoy a secure retirement. There are many...

Most people w ant enough money saved to have peace of mind and financial freedom but succumb to impulse buys that deplete their savings. And often, unplanned purchases wreak havoc on our well-intended plans for long-term financial security and retirement. Many people with impulse-buying issues h ave money and are doing well... for now. They don't realize that impulse buys wreak havoc on their fina...

Recently, somebody asked me how millionaires make money. And then, another person was sharing their thoughts on how millionaires create wealth. It got me thinking about this episode, and I thought this information would be fun and valuable insight for you. Common responses are that they invest in stocks and bonds and are entrepreneurs. What do people with a $1 million net worth do differently than...

Over my career, I've seen firsthand the impact of living rich: high income, high spending, and generally high debt. I've also seen the lives of wealthy people: earning less income and focused on accumulating wealth. I've also met people who don't fall into either category. They are currently satisfied and even happy. They share that they don't desire to have a ton of money. Interestingly, many of...

Most people want more peace of mind, health, and abundance. Many experts share that the power of a daily gratitude practice can help you achieve those goals. Abundance refers to having more than you need, and it can be material possessions, opportunities, love, happiness, or really anything you want. It's often associated with a sense of wealth and an overflow of positive experiences in one's life...

Today, we're talking about free financial advice and really all financial advice. The number of wealthy women who have shared that they continue to get unsolicited financial advice is mind-boggling. And interestingly, I'm not hearing the same complaint from men. But over the years, I've learned a few things about unsolicited and solicited financial advice. And today, we are covering the A to Z of...

Let's face it: there are more scam artists amongst us than ever before, and they're getting more sophisticated. As a CFP®, I know this, but I almost fell for a scam recently. So, when I received a telephone call from my bank, and the caller ID said Bank of America, I answered it. Today, you're diving into fraud. Specifically, we are diving into the different types of fraud, how to identify it, and...

If you're not achieving your desired results or continuously have barriers keeping you from your goals, you probably have at least one money block. Some money blocks are conscious, and we're aware of them. For example, women are terrible with numbers or better at accounting than men. However, many blocks are subconscious, meaning we're unaware of them. Today, we will dive into some of the most com...

Do you ever wish that you knew things years ago? Or that you could reduce the time of your learning curve or you had insight and wisdom that could literally change the trajectory of your business, your life, or your money? Well, I did, too. In fact, I would have given millions to have the insight I'm going to share with you today. I'm going to share some of the best financial decisions I've made s...

Today, in  How to Think Like a Millionaire, you will learn four critical insights on how they think and what they do differently than others. If you want to secure a financial future and retirement you love, you are going to love this episode! While there are many nuggets you can learn from wealthy people, today you will learn four that will propel your life forward. If you apply even a fraction o...

Today, you will learn how to stop overspending and other addictive behaviors. While society looks down on most addictions like overdrinking, overeating, even a sex addiction, or an addiction to drugs, spending money is actually encouraged, which can make it more challenging to overcome.  Overspending is an addiction that impacts all economic classes, from people who have money to those who don't....

Most people believe that once they complete their estate plan, their assets will pass to their desired heirs. They don't realize that creating a will or trust is the first step. Most assets pass via title or beneficiary, not your trust or will.  Probate is an expensive and public process that can be avoided with the right plan. Today, we dive into practical steps you can take to avoid probate and...

Let's face it, there is so much advice and so many stories and money myths that simply aren't true. And many of them keep us broke. And what's funny is that most people simply don't know what to believe and what they should ignore. Some of these money myths have been around for decades, and many of the people sharing the stories simply don't have the experience required to know which insights are...

There is nothing worse than realizing you've not saved enough money for your retirement. And with over 40% of people relying solely on Social Security for income, there are a lot of people feeling firsthand what it means to not have enough money in their golden years. Don't let that be you! Retirement is a very important milestone, and it requires careful planning to ensure your financial future i...

Today, we are diving into RMD, which refers to "Required Minimum Distribution." It's also known by its friend, MRD (Minimum Required Distribution). It means taking money from your pre-tax (qualified) account. The IRS allows you to delay paying taxes on your qualified accounts, but RMDs ensure you are eventually taxed. The amount of money you will have to take for your RMD will directly impact your...

Most people believe they don't have to worry about saving money. Why would they? They (or their partner) are making more money than they need. Does this possibly apply to you? Picture this: you've reached retirement age, or you or your partner can no longer work, and you're hit with the realization that you should have started saving money earlier. It's a scenario many of us dread, yet it's one th...

Highly successful people do things differently than others. One of the things they do better than most is ask themselves amazing questions. Today, you will learn nine of the best questions I have heard them ask over the last 35 years of advising successful people and 40 years of researching them. If you want success with your life, money, or business, you need to think like successful people and a...