Money Peach

Chris Peach
Money Peach

Remember that class where they taught us how to handle the money? Neither do I. Creator and Award-Winning Blogger, Chris Peach of Money Peach, shows you exactly how to HAPPEN TO YOUR MONEY instead of your money happening to you. This is the show where you will actually learn something that you can take with you and implement right away. It’s about showing you the STEP-BY-STEP, COMMON-SENSE, and sometimes the in-you-face reality check, when it comes to BUDGETING, PAYING OFF DEBT, SAVING MONEY, BUILDING WEALTH, and all the little tips, tricks, and ideas along the way. Want the plan to get started with your life and money? Grab the free budget here: http://www.moneypeach.com/freebudget

  1. What is a Health Savings Account?

    10/08/2021

    What is a Health Savings Account?

    What is a Health Savings Account (HSA) and is it a good money move for you? With open enrollment right around the corner, I am going to break down everything Health Savings Account today. Here's what you will hear on the show today: How does an Health Savings Account Work? Who is eligible and who is not? How much can I contribute to an HSA? What are the tax benefits? Employed versus Self-Employed? Best places to open HSA? And most importantly - How do I determine if an HSA is a good plan for me? ** Mentioned in this episode Best Place to Open an Health Savings Account ** Are you currently living on a plan for your life and money...AKA a budget? The #1 habit of the most highly successful people is they are proactive. They don't wait for life and money to happen to them, they happen to their life and money. If you haven't started yet, now is the best time to start living on a simple budget. It's time to be proactive. Grab Free Budget Templates Here ** Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review! ** Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011.  If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.   All the show notes, links and anything I mentioned can be found at https://www.moneypeach.com/session173

    27 min
  2. Should I Lease a Car or Get an Auto Loan?

    08/20/2021

    Should I Lease a Car or Get an Auto Loan?

    When it comes time to drive off a new car, you have three basic options: You can pay cash You can get an auto loan  You can drive off with a lease But with the average price of a new car at almost $41,000, most drivers today are driving off the lot with either an auto loan or a lease. ❓ But which is better - an car lease or an auto loan? What are the costs that go with each? And how do you know if you're making the best financial decision when it comes to driving your next car? Is there something we are missing when comparing the two? Today on the show, I will compare the auto loan and car lease, so you can decide which is the best way to drive off the lot in a new car. But, to start off, the simplest way to separate an auto loan and a lease is by understanding that an auto lease allows you to DRIVE the new car, whereas an auto loan allows you to DRIVE and BUY the car. ❗ ❗ Of course there’s a lot more to it and to tell the whole story let’s jump right in. ** Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review! ** Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011.  If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union. All the show notes, links and anything I mentioned can be found at https://www.moneypeach.com/session171

    45 min
  3. What is "Infinite Banking" and is it a Scam?

    07/16/2021

    What is "Infinite Banking" and is it a Scam?

    On the show today is America's #1 Money Mentor, Chris Naugle. I'll be honest — I brought Chris to have a conversation on a topic we don't agree on...infinite banking. If you haven't heard of infinite banking before, you're perfectly normal. It's not a very popular term in the financial world and most financial gurus like Dave Ramsey and Suze Orman are completely against it. But, what I've learned over the years in this world of personal finance is not every guru is always right. Therefore, I decided to say "yes" to my guest today so I can ask him the hard questions about... how infinite banking works why it is (or is not) a scheme the risks do you have to wealthy to utilize infite banking are there better alternatives Now, we will dive into infinite banking in depth, but here is the sceanrio/example he used inside the episode: 👉 You deposit $1,000 into a whole life cash value life insurance plan (yes, you read that correctly...and I was cringing when he said it). 👉 The life insurance plan pays out 4% guaranteed return plus non-guaranteed dividends. The dividends in this scenario were 2%. Therefore, your return is 6%. 👉 Then you immediately borrow from the life insurance plan $900, while your $1,000 remains inside the plan earning 6%. You borrow the $900 at 5%, earning a 1% spread. 👉 Next you take the $900 that you are paying 5% while earning 6% on your $1,000 and you use it to pay off high interest debt, to save, or to invest. In theory, this looks great on paper. But, I had a lot of questions and concerns with this strategy and kudos to Chris Naugle (my guest) for answering every question I throw at him. Mentioned in the Show Learn more about Chris Naugle and Infinite Banking Here. Watch the Free 90-minute webinar with Chris Free Book: Mapping Out the Millionaire Mystery by Chris Naugle [Watch] Dave Ramsey on Infinite Banking Follow Chris on all social channels @thechrisnaugle ** Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review! ** Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011.  If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union. All the show notes, links and anything I mentioned can be found at https://www.moneypeach.com/session169

    48 min
4.8
out of 5
150 Ratings

About

Remember that class where they taught us how to handle the money? Neither do I. Creator and Award-Winning Blogger, Chris Peach of Money Peach, shows you exactly how to HAPPEN TO YOUR MONEY instead of your money happening to you. This is the show where you will actually learn something that you can take with you and implement right away. It’s about showing you the STEP-BY-STEP, COMMON-SENSE, and sometimes the in-you-face reality check, when it comes to BUDGETING, PAYING OFF DEBT, SAVING MONEY, BUILDING WEALTH, and all the little tips, tricks, and ideas along the way. Want the plan to get started with your life and money? Grab the free budget here: http://www.moneypeach.com/freebudget

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