Money Plan SOS

Steve Stewart

Pay attention - not interest. For most, that's all it takes to get their money under control. That's how my wife and I got out of debt completely - EVEN THE MORTGAGE! And you can too! Join me as I share some extreme-but-proven ways for how money really works. The show isn't just about making a Money Plan (aka: a budget). Steve also explains what's really wrong with credit cards and credit scores (spoiler alert: It's not what you think). You'll also learn about rich habits, how various investing vehicles work, and how you can have no debt, no credit, and no problems! The show is retired, but still relevant in today's radically changing financial world. Begin with Episode 201, then go back and listen to the archives in your favorite podcast app! Money Plan SOS is the response to the call for help with your finances.

  1. 08/28/2015

    The 8 Great Mistakes of Investing. Also, Fractional Savings Accounts

    #198: OG (aka The Other Guy from Stacking Benjamins) joins me to share the 8 Great Mistakes in Investing Full show notes at https://moneyplansos.com/8-great-mistakes-of-investing-and-fractional-savings-accounts/ The 8 Great Mistakes of Investing are: Under-diversification Over-diversification Euphoria Panic Leverage Speculating Investing for yield and not total return Cost basis dictating decision Thanks to OG for coming over. You can find him at http://StackingBenjamins.com - my favorite podcast. Also mentioned in this episode: The Great Beanie Baby Bubble by Zac Bissonnette. Amazing stuff! Here's the Stacking Benjamins affiliate link: http://amazon.com/dp/B00INIXVPW/?tag=thefreefinanc-20 __________________________________________________ Steve Stewart's Budget Coaching Course on video: Http://moneyplansos.com/start __________________________________________________ Ponda from the Honda: SPEND IT ALL (sort of) __________________________________________________ Fractional and Automated Savings Accounts - are they a good idea? Deanna Richardson from Richardson Accounting and Consulting, PLLC @ theCPA-4U.com asked "Have you heard of Digit? Seems like a great way to build up an emergency fund and....it says it is free. Then their are bonuses for keeping $100 in it over 3 months. If I did my math right, the bonuses are over 2.5% interest (5 cents / week per $100). Would love to hear what you think." I tackle these new fractional, or automatic, savings accounts: Acorns, Digit and Betterment's SmartDollar Links: ACORNS Open an account: https://www.acorns.com or install the free IOS or Android app Listen to my interview with the creators of Acorns http://SteveStewart.me/161 DIGIT Open an account: https://digit.co Testimony from Paula Pant (which kinda concerns me) http://blog.digit.co/post/126333490654/we-are-digit-featuring-paula-pant-meet-our BETTERMENT'S SMARTDEPOSIT Open an account: http://moneyplansos.com/betterment More information: https://www.betterment.com/resources/inside-betterment/product-news/smartdeposit-auto-deposit-but-smarter ______________________________________

    1h 8m
  2. 08/21/2015

    Matt Ham has Redefined Rich

    #197: Matt Ham is an author, speaker, and small business owner. Five words uttered by a nurse changed the way he looks at life - and inspired him to redefine rich. Full notes with links at https://moneyplansos.com/matt-ham-has-redefined-rich/ Takeaways from this interview: It's not how much you give - it's how you give it (The Widow's Mite) We shouldn't feel guilty to spend and, surprisingly enough, we feel richer when we give. Whole Life Matters Podcast: http://www.mattham.com/itunes Redefine Rich book - Available on Amazon.com in Kindle and paperback __________________________________ 3 important things to remember when buying a car This post first appeared on LibertyInvestor.com Transportation is the third largest budgeting expense for most people. Housing and taxes can consume up to half of the average American's income, with cars sucking up between 5-20 percent - depending on number of vehicles and if the consumer is carrying auto loans. However, you can greatly reduce your vehicle costs by remembering these three things when buying a car: It's transportation It's a depreciating asset It's not forever The way we get the biggest bang for our buck when we buy a car right is when we buy it outright. Pay off your current car loan quickly, save what used to be your car payment for the next one, and pay attention - not a lease payment. _____________________________________ 'Ponda from the Honda Free chips, salsa and bread sticks. What do they have to do with rising prices at local restaurants? _____________________________________ Are you tired of paying interest? Do you want to get control of your finances? Schedule a 30 minute consultation and let me help you make informed decisions on how you spend your values http://SteveStewart.me/coaching

    57 min
4.8
out of 5
130 Ratings

About

Pay attention - not interest. For most, that's all it takes to get their money under control. That's how my wife and I got out of debt completely - EVEN THE MORTGAGE! And you can too! Join me as I share some extreme-but-proven ways for how money really works. The show isn't just about making a Money Plan (aka: a budget). Steve also explains what's really wrong with credit cards and credit scores (spoiler alert: It's not what you think). You'll also learn about rich habits, how various investing vehicles work, and how you can have no debt, no credit, and no problems! The show is retired, but still relevant in today's radically changing financial world. Begin with Episode 201, then go back and listen to the archives in your favorite podcast app! Money Plan SOS is the response to the call for help with your finances.

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