57 episodes

This is our journey through Marriage, Raising Teenagers to Financial Freedom. Financial Freedom (FIRE) can help give you choices in life. We share stories to help couples getting married, married. Helping parents survive raising kids to planning for kids. What your secret to Success is in Marriage, Kids and Money? Money is such a sensitive topic in a lot of relationships and a major cause of divorce so we will talk about money. Debt Freedom and FIRE is our goal so we have choices in life. We cover Mills Family Financial Freedom Rules. E-mail me at bruce@millsway.com to be a guest. Support this podcast: https://anchor.fm/live4/support

Live 4 Financial Freedom Bruce Mills

    • Self-Improvement

This is our journey through Marriage, Raising Teenagers to Financial Freedom. Financial Freedom (FIRE) can help give you choices in life. We share stories to help couples getting married, married. Helping parents survive raising kids to planning for kids. What your secret to Success is in Marriage, Kids and Money? Money is such a sensitive topic in a lot of relationships and a major cause of divorce so we will talk about money. Debt Freedom and FIRE is our goal so we have choices in life. We cover Mills Family Financial Freedom Rules. E-mail me at bruce@millsway.com to be a guest. Support this podcast: https://anchor.fm/live4/support

    Make Your Own Set of Financial Freedom Rules

    Make Your Own Set of Financial Freedom Rules

    We like to teach the boys that nothing is always black and white in our lives and there isn’t always just one way to achieve your goals that you want to achieve.

    Of course, we hope they follow the Mills Way to Financial Freedom rules that we have taught them over the years and what we have taught to other people around the world. We even turned the Financial Freedom rules we taught them into a book.

    As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

    We raised the boys with golf in their lives besides education for success and personal finances. With golf and life, we have showed them that their can be many ways to get from Point A to Point Z.

    For an example of that is if the four of us go golfing. We could have four different Tee shots, like I hit it 300 yards, Seth drive short at 139 yards, Logan drives the ball to the way right about 175 yards and Darlene drives it 220 to the way left.

    Then we all hit our second shots up short of the green. My ball goes in the left sand trap, Logan’s is 25 feet short in the right rough, Seth hits his ball 12 feet short in the left rough and Darlene hits the ball just a foot off the green.

    Then we each take our third shots and we all end up on the Putting surface. We all end up two putting on the green for a bogey. Since the hole was a par 4. Isn’t it funny how four people can play the same game but play it four different ways and yet still score the same score? This happens so often when I play golf with my friends.

    That is why we teach our boys that it is OK if they decide to make up their own set of Family Financial Freedom Rules. We know ours worked for us but maybe the boys want to pave their own path in life. Listen to the whole Podcast Show for more details.

    If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224

    Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

    Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

    Click here for some Side Income and Part-time Business Ideas

    Millsway.com and Live4.Club

    Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more.

    #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway


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    • 11 min
    Emotions and Money

    Emotions and Money

    Emotions can factor in many money decisions. Emotions also can come into play when Money is part of the topic in a relationship. Especially when both people in the relationship has totally different views in their mind.

    We teach the boys to work on keeping their cool when in a relationship and if they are single if money issues start to get their emotions out of sorts.

    As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

    We teach the boys the Mills Way to Financial Freedom Action steps and rules to help them achieve their goals. We want them to know that it is OK if they want to change some of the rules or not follow them at all. It is their choice. The main thing is that they are happy and can live with their choices and consequences.

    If things go sour for them then we want them to accept it and learn from their choices. It isn’t the end of the world and many people have lost everything and recovered from it even stronger than before.

    If they are married or in a relationship Emotions can even run higher.

    Each of them could have been raised by different beliefs from their families and friends when it comes to money. Which can make things challenging. Listen to the full Podcast show for all the details.

    If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224

    Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

    Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

    Click here for some Side Income and Part-time Business Ideas

    Millsway.com and Live4.Club

    Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more.

    #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway


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    • 14 min
    Pension Qualify For

    Pension Qualify For

    Pensions aren’t as common as they were back when my Dad was working at International Harvester. They made Farm Equipment there in Rock Island, IL. They had a Union there which my Dad was a Shop Steward for the Union. They also had a Pension and Health Care for life for Mom and Dad. Pretty good deal. I am going by what he told me I never read all the details of it.

    In todays world it seems like fewer and fewer companies offer a Pension plan. Companies that don’t have Pension plans normally have a 401K plan, even most small companies offer one. We teach our boys that if their company offers a pension, they need to find a way to work there long enough to qualify for it. Of course, if they just started there and it is a dead-end job then maybe it isn’t worth for them sticking it out. If the business would go out of business then that is out of their control also.

    As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

    Darlene already has a lot of years in with her current company towards her Pension plan with them. It would be good for her to stick with them till she qualifies for the Pension. She is able to even work just 20 to 30 hours a week average and still get credit towards the Pension.

    Her Pension contract is a revised contract from earlier years so it isn’t as good but it could still help us out at retirement time. We project it could be around $6,000 per year income for life. Possibly starting for her at age 65.

    A lot of the guys I golfed with are retired from Pension plans also but they are in their 70’s and 80’s. I have worked for several different companies over my career and none of them offered a Pension plan. So, I am glad Darlene is able to at least get a Pension at her job.

    Darlene also has money invested in her 401K plan to help supplement the Pension money. Plus, we have other investments and Passive Income Streams. For more details listen to the whole Podcast.

    If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224

    Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

    Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

    Click here for some Side Income and Part-time Business Ideas

    Millsway.com and Live4.Club

    Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more.

    #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway


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    • 11 min
    Retirement Withdraw Rate Plan

    Retirement Withdraw Rate Plan

    Many people I have talked to said one of the things they worry about is running out of money during their retirement years. I have those worries also myself. The more studies that I read about and people I talk to that withdrew 4% of their retirement funds and it worked out for them gives me a calming feeling.

    No one has that magical crystal ball to know what the future may bring us. Especially with our Health. We could get sick and run up a ton of medical bills. One lady I know was put in a Nursing Home and she needed a lot of Medical attention. Before she passed a way, they spent over $1,000,000 of their own money on her care. So, it can go fast as times if we get sick in our older years.

    As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

    Darlene is good for me because she doesn’t worry about hardly anything. She is not worried about us running out of money in our Retirement years. She said we will be fine no matter what. I am a numbers person and want to put percentages in our favor. I don’t want to run out of money in our Retirement years.

    For me to feel really comfortable I would want to be at a 3% withdraw rate at retirement time. I have friends that have taken out 3% and some up to 7% and they are still doing fine. It for sure depends on each person’s situations.

    We printed off studies from different people to show our boys the chance of their money lasting at different withdraw rates. Of course, it depends if they have the money invested in Stocks, Bonds or sitting in cash. Plus, what mixture they have from 100 Stocks or 50% Stocks and 50% Bonds, etc.

    My perfect world would be to never do a withdraw from our Retirement funds and just live off our Dividend Stocks and other forms of Passive income. But not every one has multiple forms of Passive Income. Listen to the whole Podcast show for all the details.

    . If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224

    Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

    Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

    Click here for some Side Income and Part-time Business Ideas

    Millsway.com and Live4.Club

    Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more.

    #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway


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    • 10 min
    Cut Out Cable TV and Expensive Cell Phone Plans

    Cut Out Cable TV and Expensive Cell Phone Plans

    Who are people trying to impress with expensive Apple Cell Phones and having Cable TV with all the Streaming Channels? If people are in debt or not even half ways towards their Financial Freedom goals, do they need these two items? What lessons are they teaching their kids if they have kids?

    We made this a rule for our kids to help them reach their Financial Freedom goals and not get sucked into society making it seem like you need these items to look successful. Being successful isn’t being broke, living paycheck to paycheck or living with debt.

    Success can be many things to many people but in the terms of reaching Financial Freedom having debt or living paycheck to paycheck isn’t success. It is opportunity to change, to take action towards your goals.

    As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

    We showed our boys what some others have paid for Cable TV, Cell Phones and Cell Phone Service. We ask them is it worth the extra cost versus living in a debt free house and possibly retiring early?

    Cable TV - Listen to the whole Podcast Episode for all the details.

    If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224

    Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

    Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

    Click here for some Side Income and Part-time Business Ideas

    Millsway.com and Live4.Club

    Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more.

    #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway


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    · Anchor: The easiest way to make a podcast. https://anchor.fm/app

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    • 9 min
    Take Care of Your Health

    Take Care of Your Health

    We teach our boys that if they don’t take care of their health now, they could be paying for it in the future. Choices and Consequences from their actions now. It can affect their Financial Freedom plans they may have.

    Registerednursing.org said over age 65 cumulative health spending in United States in 2016 dollars is $169,740 or lifetime spending under different growth rates in 2016 in 2016 dollars is $414,328. Think with inflation and depending on the boys ages what it could run them by the time they want to retire. We feel they should take action now to try to reduce their possible costs.

    As always, I am not giving you any Medical or Financial Advice and you should seek advice from your Medical Doctor or Professional Advisors to see what is best for your situation before starting any exercise program. See my Disclaimer at MillsWay.com. This is for entertainment only.

    We aren’t any medical doctors but we believe and teach our boys to work on creating Healthier habits in their life from things like their Diet, Fitness and things to avoid. We aren’t perfect by our examples but we are trying every day to be better examples for our boys. Seth has been our star eater lately. Logan is another story, maybe the Navy will get his eating habits better. LOL

    Remember again to see your Medical Doctor before changing any of your eating habits to starting any fitness programs. Let’s dive into these three areas and start with a Healthy Diet and what we feel could help our boys with and others; Listen the whole Podcast for all the details.

    If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224

    Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

    Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

    Click here for some Side Income and Part-time Business Ideas

    Millsway.com and Live4.Club

    Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more.

    #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway

    Sources and Resources from Podcast (Available in Show Notes)

    1. Medical Care Costs at https://www.registerednursing.org/healthcare-costs-by-age/


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    • 12 min

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