The Winenance Show

Winenance
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The Winenance Show

Are you ready to transform your life through your finances? Join sisters and personal finance educators, Marie & Stephanie, as they teach you how to spend more intentionally, grow and build wealth, and live a life of financial freedom. This is a judgement-free space where we walk about overcoming financial shame, paying off debt, investing to build wealth, and live our fullest, happiest lives. Together, we'll stay on track and achieve financial independence! Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

  1. 16/12/2020

    12 | Our Fave Money Tips from Season 2

    This episode we have some holiday fun recapping some of our most favorite episodes of this season and discuss all the ways that Winenance Wednesday has helped you stop spending, grow wealth, and live more intentionally | Season 2 Recap of Winenance Wednesday:    Episode 12 time codes: 0:00 - Intro 2:20 - Topic introduction 3:13 - Episode 4: Tracking Your Expenses 6:30 - Episode 8: Why Small Expense can be your Biggest Expenses 8:13 - Episode 9: Qube Money 11:30 - Episode 2: How to Grow Wealth in Your 401K 15:57 - Episode 5: Simple Investing with Index Funds 18:18 - Episodes 6: All Things HSA 22:10 - Episode 10: Investing in Your HSA 25:30 - Episode 3: Living Intentionally Through Financial Independence 32:36 - Episode 11: Time Ownership & Why FIRE Isn’t about the Money 41:30 - Connect with Winenance! Frustrated by an overly complicated 401k? Get our 401K Guide! It's a step-by-step "how to" for your 401K/403B/457B: https://winenancefi.com/401k 2021 Workshops Coming! Sign up for our mailing list to be notified about  our upcoming workshops, including our Building Wealth in Your 401K  Workshop: www.winenanefi.com   -----------------------------------------------------  OUR FAVORITE MONEY TOOLS   Qube: https://winenancefi.com/qube Use code WINENANCE25 for 25% off lifetime memberships through 12/31/20   Personal Capital: https://winenancefi.com/PC   Mint: https://www.mint.com/   Clarity: https://app.claritymoney.com/?_branch_match_id=675862243786853888  YNAB: https://www.youneedabudget.com/ -----------------------------------------------------  FOLLOW WINENANCE  Blog: https://winenancefi.com/blog   Instagram: https://instagram.com/winenance   Facebook: https://facebook.com/winenance   Pinterest: https://pinterest.com/winenance  Check out our website - https://winenanceFI.com -----------------------------------------------------  Music: Merengue de Limon (Quincas Moreira)  -----------------------------------------------------   Join the Winenance community and get exclusive money tips that we don’t share on social media straight to your inbox: https://bit.ly/Winenance2     -----------------------------------------------------   DISCLAIMER: Links included in this description might be affiliate links.  If you purchase a product or service with the links that I provide we  may receive a small commission. There is no additional charge to you!  Thank you for supporting Winenance so we can continue to provide you  with free content each week! --- Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

    46 min

  2. 14/12/2020

    11 | Who Owns Your Time?

    Time - truly the most valuable asset we all have. So who owns your time? Do you work a 9-5 job (or even multiple jobs)? Are you in school working towards a degree for a future career? We all like to think that we are the masters of our time, but the reality may be quite different.  When people first hear about the FIRE Movement (Financial Independence Retire Early), they think the money is the key, the solution to all their problems. But in reality, it’s about the freedom and opportunity to get back the one thing that we all want - more time.     SHOW NOTES: www.winenancefi.com/post/episode-11 In Episode 11, we discuss:  1) What Is Time Ownership?  2) Trading Your Time for Money  3) How to Own Your Time Today  4) Reclaiming Your Time...Through Financial Independence TIMECODES 0:00 - Intro 1:32 - What is Time Ownership 4:45 - Time is your most valuable asset 6:19 - Money Mindset is a Time Mindset 7:03 - Who Owns Your Time? 9:30 - When last did you own your time? 14:42 - How you can live your post-FI life today 16:43 - It's money about money; it's about time 17:15 - Do what brings you joy - today 21:07 - Prioritizing your joy 26:00 - Creating time boundaries at work 27:00 - Reclaiming your time with FI/RE 29:12 - Fulfilling work is the goal (whether paid or not) 32:00 - What are you retiring TO? (Why of FI) 35:09 - Finding purpose in work 37:43 - Monetizing your passions / New income streams 41:10 - Recap -----------------------------------------------------  Frustrated by an overly complicated 401k? Get our 401K Guide! It's a step-by-step "how to" for your 401K/403B/457B: https://winenancefi.com/401k 2021 Workshops Coming! Sign up for our mailing list to be notified about  our upcoming workshops, including our Building Wealth in Your 401K  Workshop: www.winenancefi.com   -----------------------------------------------------  OUR FAVORITE MONEY TOOLS   Qube: https://winenancefi.com/qube Use code WINENANCE25 for 25% off lifetime memberships through 12/31/20   Personal Capital: https://winenancefi.com/PC   Mint: https://www.mint.com/   Clarity: https://app.claritymoney.com/?_branch_match_id=675862243786853888   YNAB: https://www.youneedabudget.com/  -----------------------------------------------------  FOLLOW WINENANCE  Blog: https://winenancefi.com/blog   Instagram: https://instagram.com/winenance   Facebook: https://facebook.com/winenance   Pinterest: https://pinterest.com/winenance   Check out our website - https://winenanceFI.com  -----------------------------------------------------  Music: Merengue de Limon (Quincas Moreira)  -----------------------------------------------------   Join the Winenance community and get exclusive money tips that we don’t share on social media straight to your inbox: https://bit.ly/Winenance2    -----------------------------------------------------   DISCLAIMER: Links included in this description might be affiliate links.  If you purchase a product or service with the links that I provide we  may receive a small commission. There is no additional charge to you!  Thank you for supporting Winenance so we can continue to provide you  with free content each week! --- Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

    47 min

  3. 03/12/2020

    10 | HSAs Part 2: How to Invest in Your 401K

    Episode 10 | This is part 2 of our series on HSAs (Health Savings Accounts). Watch episode 6 for part 1: https://www.youtube.com/watch?v=qgAfS3sOqO4 In this episode, you'll learn how to invest in your HSA, and specifically: 1.) How many HSA banks allow you to invest your contributions tax free 2.) How you can open your own self-directed HSA, even if you already have one with your employer 3.) About unlimited annual trustee to trustee transfers (direct HSA to HSA transfers) 4.) How HSAs can be used like Traditional IRAs after age 65 SHOW NOTES: https://www.winenancefi.com/post/episode-10 Have questions about your HSA? Email us at info@winenancefi.com! TIMECODES 0:00 - Intro 2:21 - Topic Intro 3:24 - HSA Part 1 Recap (Ep. 6: https://www.youtube.com/watch?v=qgAfS3sOqO4) 6:25 - CARES Act Rules for HSAs & FSAs 7:43 - FSA  vs. HSA 8:51 - HSA as an investment account 11:51 - Investment options & fees with HSAs 14:40 - How to Invest in Your HSA 18:00 - Trustee to trustee (in-service) transfers 21:25 - Tracking your medical expenses 23:15 - What happens if you have more money in your HSA than medical expenses 26:00 - Why Stephanie loves her HSA 27:41 - Choosing investments for your HSA (Ep. 5: https://www.youtube.com/watch?v=qgAfS3sOqO4) 36:47 - Episode recap 38:42 - Episode 11: Who Owns Your Time ----------------------------------------------------- Get our 401K Guide! It's a step-by-step "how to" for your 401K/403B/457B: https://winenancefi.com/401k -----------------------------------------------------  OUR FAVORITE MONEY TOOLS  Q ube Money: https://winenancefi.com/qube Use code WINENANCE25 for 25% off lifetime memberships through 12/31/20   Personal Capital: https://winenancefi.com/PC   Mint: https://www.mint.com/   Clarity: https://app.claritymoney.com/?_branch_match_id=675862243786853888   YNAB: https://www.youneedabudget.com/  -----------------------------------------------------  FOLLOW WINENANCE Blog: https://winenancefi.com/blog  Instagram: https://instagram.com/winenance  Facebook: https://facebook.com/winenance  Pinterest: https://pinterest.com/winenance  Check out our website - https://winenanceFI.com  -----------------------------------------------------   Music: Merengue de Limon (Quincas Moreira) -----------------------------------------------------   Join our email list: https://bit.ly/Winenance2    -----------------------------------------------------   DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide we may receive a small commission. There is no additional charge to you! Thank you for supporting Winenance so we can continue to provide you with free content each week! --- Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

    43 min

  4. 22/11/2020

    9| Real-Time Budgeting with Qube Money

    Frustrated that you haven’t been able to stick with a budget despite trying all the apps and spreadsheets? Well Qube Money might be the answer. It’s a new digital cash envelopes app that ties budgeting to real-time spending. We truly believe this will be a game changer, so we had the pleasure of interviewing Scott Henderson from Qube Money. Interested in trying out Qube? Visit www.winenancefi.com/qube and enter promo code WINENANCE25 for 25% off lifetime membership until 12/31/20.  Show notes: winenancefi.com/post/episode-9 TIMECODES  0:00 - Intro  1:25 - Topic Intro  4:30 - Meet Scott Henderson of Qube Money  7:45 - What is Qube Money   9:23 - Cash Envelopes in a Digital World  11:18 - Drawbacks of other budgeting systems  12:54 - Qube replaces multiple bank accounts  13:32 - What early adopters are saying   15:52 - Features & Pricing   18:46 - Qube Money for Families & Kids  21:03 - Qube + FI (Financial Independence)  23:44 - Intentional Spending / Proactive Budgeting  25:23 - 3 Qube Features No Other Bank/App Has  23:57 - Cancel Free Trials/Subscriptions  26:45 - Security & Fraud Prevention  27:45 - Pricing compared to other budgeting apps  29:30 - How Qube compares to other budgeting apps  31:40 - Credit Cards vs. Cash  37:00 - Working WITH your spending behaviors  41:00 - Learn more about Qube Money  42:53 - Our final thoughts on Qube  47:35 - Get 25% off lifetime membership with code WINENANCE25 --- Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

    51 min

  5. 14/11/2020

    8 | Small expenses are your biggest expense

    "Oh, it's only $10 -- it's not much in the bigger picture...right?" WRONG. Little expenses add up and are collectively your largest expenses. Want to get a hold on your spending habits and start making headway with your bigger financial goals like traveling, starting a business, or even leaving your job? Look no further than your smallest expenses!  Show notes: https://www.winenancefi.com/post/episode-8  TIMECODES  0:00 - Intro   1:42 - Election 2020 | Marie's MSNBC Interview  7:43 - Why small expenses are your biggest expenses  11:17 - Eating Out costs more than rent/mortgage (Steph's expense trap)  15:27 - Expensive dinners are cheaper than inexpensive takeout meals  19:57 - Just because you can afford it doesn't mean you should buy it  23:28 - Impulse purchases & sale items (Marie's expense trap)  28:22 - It's not the money, it's the "why" (spending intentionally)  31:41 - Intentional spending vs. impulse buying  33:45 - The importance of tracking expenses   38:33 - Are your spending habits stealing from your future?  40:38 - Apply the 24 hour rule or 72 hour rule to unplanned purchases  41:50 - Create a "wants list" on your phone & use a shopping list   43:34 - Afford to buy vs. Should I buy?  45:14 - Stop before you say "yes" to unplanned experiences  48:45 - Plan your meals  51:42 - Episode recap --- Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

    56 min

  6. 10/11/2020

    7 | The 2020 Election & Your Finances

    What are the implications of the 2020 election on your finances? How are you going to handle uncertainty in the markets and in the world? We discuss how to stay calm, stick with your plan, and how to find financial peace as the outcome of the election is decided. Show notes: https://www.winenancefi.com/post/episode-7 TIMECODES 0:00 - Intro  1:30 - The 2020 Election + Winenance  7:16 - How to take control during uncertainty  8:55 - Consistency + sticking to your plan    10:44 - Be proactive, not reactive with your money  12:33 - Create multiple streams of income  16:56 - Increase (or contribute to) your emergency fund  20:59 - Continue your planned investments   24:43 - Take care of your mental health  34:33 - Find the good in your life  38:25 - Recap --- Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

    42 min

  7. 29/10/2020

    6 | HSA vs PPO: Which to Choose & Why an HSA is the ULTIMATE Retirement Account

    It’s open enrollment season for employee benefits, and many people are confused about what an HSA is and how to use it. Even more, it’s considered the ULTIMATE retirement account. Grab your notebook because you’re going to want to take notes today!  Show notes: https://www.winenancefi.com/post/episode-6  TIMECODES  0:00 - INTRO  3:51 - What is an HSA?  5:22 - How many people actually use an HSA?  7:38 - Who can contribute to an HSA?  8:08 - IRS contribution rules  10:28 - What is an HDHP (high deductible health plan)?  12:33 - How much can you contribute?  14:14 - Tax advantages  15:02 - How an HSA lowers taxable income  16:43 - Employer Contributions to HSAs  21:29 - HSAs as an IRA (Individual Retirement Account)  21:52 - Triple Tax Advantage  23:25 - Reimbursement for Eligible Expenses  29:04 - How to Decide Between an HSA & a PPO?  36:57 - Strategies for Withdrawing & Reimbursement  38:50 - Why Marie choose a PPO  41:37 - How to run your numbers to decide  45:00 - Is an HSA worth it (Stephanie's savings)  51:53 - Challenge of the Week: run your numbers  54:44 - Episode Recap  58:58 - Next week's episode: financial impacts of the 2020 election --- Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

    1h 1m

  8. 25/10/2020

    5 | Hands-Off Investing with Index Funds

    Index Funds are considered the “crown jewels” of investing by many in the Financial Independence community—and for good reason. They’re among the simplest yet effective ways to invest. Why? They’re widely diversified, perform as well as the stock market (if you invest in an S&P fund or Total Stock Market Fund), and they’re relatively low-risk. Show notes: https://www.winenancefi.com/post/episode-5 TIMECODES 0:00 - Intro  6:29 - Last Week's Challenge: Wait 24 hours before unplanned purchases  9:57 - Why Index Funds?  12:47 - The Stock Market Always (eventually) Goes Up  15:56 - Why Index Funds are a "Safe Risk" (COVID-19 Market Recovery)  18:43 - Question of the Day: What Scares You Most About Investing?  24:24 - What is an Index Fund?   29:50 - Index Funds & Diversification  33:39 - Index Funds are Self-Cleansing   34:47 - Expense Rations (Fees) & Actively Managed Funds  36:35 - Index Fund Blog Post  38:35 - Challenge of the Week: Do 1 Thing Outside Your Comfort Zone --- Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

    50 min
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Are you ready to transform your life through your finances? Join sisters and personal finance educators, Marie & Stephanie, as they teach you how to spend more intentionally, grow and build wealth, and live a life of financial freedom. This is a judgement-free space where we walk about overcoming financial shame, paying off debt, investing to build wealth, and live our fullest, happiest lives. Together, we'll stay on track and achieve financial independence! Support this podcast: https://podcasters.spotify.com/pod/show/winenance/support

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  • Creator
    Winenance
  • Years Active
    2K
  • Episodes
    13
  • Rating
    Clean
  • Copyright
    © 841581

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