DiscoverListen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.
Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.

Listen Money Matters - Free your inner financial badass. All the stuff you should know about personal finance.

Author: ListenMoneyMatters.com | Andrew Fiebert and Matt Giovanisci

Subscribed: 35,846Played: 382,988
Share

Description

Honest and uncensored - this is not your father’s boring finance show. This show brings much needed ACTIONABLE advice to a people who hate being lectured about personal finance from the out-of-touch one percent. Andrew and Matt are relatable, funny, and brash. Their down-to-earth discussions about money are entertaining whether you’re a financial whiz or just starting out. To be a part of the show and get your financial questions answered, send an email to listenmoneymatters@gmail.com.

492 Episodes
Reverse
Why Rich People are Cheap

Why Rich People are Cheap

2020-01-1300:52:235

Accordingly to the Fidelity Millionaire Outlook Survey, 86% of millionaires are self-made. Even more remarkable, 78% of them started out as middle class or poor. Only 22% grew up in the upper class. That means that the vast majority of millionaires built their wealth the old fashioned way: hard work, consistent saving and investing in the long-term. We’ll explain why rich people are cheap and how you can adopt their simple habits to become a millionaire yourself. Show Notes Warren Buffett Documentary HBO Honey MrBeast Spending 1,000,000 in 24 Hours Learn more about your ad choices. Visit megaphone.fm/adchoices
We’re often asked where we are putting our money and, that question has never been more important to us personally. Especially considering the direction the winds are blowing and our feelings with what is happening in the world. We'll be talking about how we're investing our money this year and what is coloring our decisions. Show Notes The Golden Butterfly Investing Strategy Fundrise Real Estate Investing Our Investing Blueprint Learn more about your ad choices. Visit megaphone.fm/adchoices
What a weird concept. Loving your kids too much. But it can be true. By giving them too much, by coddling them from every possible disappointment, we turn them into ineffectual adults. From ensuring that everyone gets a trophy to always giving them money when they ask, kids today can't handle normal disappointment and have never had to work or struggle for anything. Mom and Dad are always waiting, poised to smooth whatever path their children are on. But in the name of loving them, we're taking away character building opportunities. This episode was originally broadcasted on October 22, 2014 Full Episode Here Show Notes Succeed Faster: Adam's site to help you build a bigger life. Broke, Busted and Disgusted: Adam's upcoming documentary about student loan debt. Learn more about your ad choices. Visit megaphone.fm/adchoices
We tend to talk about stocks much more often than bonds. Why? Because since LMM began, our audience has skewed young, most of our listeners are in their twenties and thirties. But the show has been around for seven years now. Those who have been with us from the beginning are seven years older. We want to serve our audience, so we need to focus a little more on bonds. Most of you know the basics, and we've covered bond investing in the past. Today we have returning guest J. David Stein to go a little deeper into the weeds and talk about the yield curve. Full Article Here Show Notes Flatter Flatter: An IPA from SingleCut Beersmiths Blue Light Rain: An unfiltered German Pilsner from Knotted Root Brewing Company Money for the Rest of Us: J. David Stein's site and podcast. Learn more about your ad choices. Visit megaphone.fm/adchoices
We get dozens of emails from listeners each week asking really thoughtful financial questions. When a question needs a detailed answer or might be helpful to others, we turn it into part of a 5 questions episode. Today we have 5 questions about buying a timeshare, the Lending Club strategy, f**k you money, buying a rental property, and what to do with a million-dollar inheritance. Full Article Here Show Notes Cape May City To Shore: A Double IPA Thick Blueberry Goo: A smoothy style Berliner Weiss. Learn more about your ad choices. Visit megaphone.fm/adchoices
There are a lot of bad things happening around us: climate change, weekly mass shootings, rampant opioid addiction, income inequality.  Rather than feeling helpless and frustrated, let’s take matters into our own hands. That’s where socially responsible investing comes in. You can invest in the world you want to live in. Full Article Here Show Notes HopHands: An American Pale Ale Wisp: A Belgian style whip Learn more about your ad choices. Visit megaphone.fm/adchoices
Agriculture is the one industry that touches every person on the planet. Agriculture produces the food we eat, the liquids we drink, the clothes we wear, and the furniture we sit on. There are nearly 7.5 billion people on earth, all of whom consume what agriculture produces. Which makes investing in agriculture seem like a no brainer. Full Article Here Show Notes Fat Orange Cat: A white stout brewed with coffee and chocolate Melcher Street: A double dry-hopped IPA Dallas Blonde: An American blonde ale. Harvest Returns: Grow your wealth with passive investments in farming and timberland Learn more about your ad choices. Visit megaphone.fm/adchoices
The FIRE movement has carved out a big niche in the personal finance space. FIRE stands for Financial Independence, Retire Early but if you quit traditional work in your 30s or 40s, what will the rest of your life look like? Three or more decades is a lot of time to fill and sitting on the porch in a rocking chair or playing golf aren't going to be enough to fill it. The 30s to 60s can be the prime of life. We're still filled with energy, ideas, and ambitions. Full Article Here Show Notes Apricot Compote: A Sour from Evil Twin Brewing. The Frugal Engineers: Kim and her husband's site.   Learn more about your ad choices. Visit megaphone.fm/adchoices
We get dozens of emails from listeners each week asking really thoughtful financial questions. When a question needs a detailed answer or is of interest to a lot of people, we turn it into part of a 5 questions episode. Today we have 5 questions about debt consolidation, saving money on a move, combining finances, living paycheck to paycheck, and capital gains. Full Article Here Show Notes Lightful: A German-style wheat beer from Tired Hands Brewery. Yule Smith: A double hopped IPA.   Learn more about your ad choices. Visit megaphone.fm/adchoices
We talk a lot about making sure your portfolio is diverse enough to insulate your investments from risk. But if you want to ramp up returns, consider diversifying your retirement with alternative assets. How can you do that? A Self Directed IRA is one of the most powerful tools in your retirement arsenal. Alternative investments can improve your chances of retiring with enough money. Full Article Here Show Notes Apricot Compote Sour: A refreshing summer beer from Evil Twin. Alto: The Alto platform provides users with a simple interface to set up, invest with, and manage a diversified portfolio of alternative assets.   Learn more about your ad choices. Visit megaphone.fm/adchoices
The Business of Babies

The Business of Babies

2019-09-0200:50:342

The United States Department of Agriculture (USDA) estimates that it costs nearly a quarter of a million dollars to raise a child from birth to age 18.  That tally does not include the cost of a college education. The largest piece of that pie lies in housing and transportation at a whopping $107,000. Next, you’ll factor in childcare and education at $44,000. (See? I told you this shit is expensive). Following that is clothing/miscellaneous and healthcare at $33,000 and $20,000 respectively. Let’s get crazy and add the cost of college into that number.  Now we are easily pushing over $350,000 to raise one child. Having kids is not a business decision for most people but it comes with many of the same considerations. There are no “one size fits all”. Let's look at some things to consider before embarking on what I called my new business and what you would probably call your family. Let's talk about the business of babies. Full Article Here  Learn more about your ad choices. Visit megaphone.fm/adchoices
Knowing your personal net worth is one of the most important aspects of personal finance. It's one of the best indicators we have to know if we are on target to meet our goals. Whether you want to be debt-free, buy a home, pay for college for your children, or to retire you need to be on target. Your net worth is a way to see what is holding us back. It's a very strong indicator of your overall financial health. Figuring out your net worth is easy. Add up the total value of all of your assets. Add up the total value of all of your debts. Now subtract the assets from the debts. You might have a positive net worth or a negative one. Not really into math? We hear you. We know someone who will do the math for you for free. Personal Capital will give you a complete picture of your net worth, compare yourself to others average net worth in your age or income bracket and track progress towards your goals. They also do a ton of other things for free like track your spending, analyze fees, investment checkups, and help your retirement plan. You can thank us later. Full Article Here Show Notes Personal Capital - Track Your Net Worth Mint - Budget Like a Badass Learn more about your ad choices. Visit megaphone.fm/adchoices
In its ongoing quest for world domination, Facebook is set to launch a cryptocurrency called Libra. And a digital wallet to store those Libra called Calibra. Given the company's somewhat shady privacy practices, would you trust Facebook with your money? Full Article Here Show Notes Passion Pool from Mikkeller and Friends: A gose. Craft Lager from Upslope Brewing Company: An American style lager. Learn more about your ad choices. Visit megaphone.fm/adchoices
We get dozens of emails from listeners each week asking really insightful financial questions. When a question needs a detailed answer or is of interest to a lot of people, we turn it into part of a 5 questions episode. Today we have 5 questions about spending a raise wisely, investing in a bull market, what to do with an inheritance, how to pay for an engagement ring, investing in weed stocks, and a bonus question about gold. Full Article Here Show Notes Boont Barl: An amber ale. Dogfish Head SeaQuench: A sour ale. Learn more about your ad choices. Visit megaphone.fm/adchoices
Andrew and Matt share their stories and the lessons they learned creating a blog that makes passive income but more importantly, they are going to spell out the exact steps they took to achieve financial independence. They will cover: How to Start a Blog (Step-by-Step Guide) – Everything you need to get started in under 10 minutes with $160. The act of paying someone to host a blog for you is easy. How to Monetize your Blog – The only two ways that matter and the one you should avoid at all costs. Your Creation Strategy – Make what people are actually looking for. Also, 80% of SEO is bullshit. I am not special, the internet is filled with people doing exactly what I do. The difference is, I’m just going to tell you for free. A Blog’s Growth Trajectory – What you should expect in year 1, 2, 3, 4 and 5. It’s all about appropriate expectations because slow and steady wins the race. Going viral is bullshit. Winning online isn’t about being the fastest, it’s being the one left after everyone else gave up. How You Will Fail – It’s going to happen, and it’s going to happen a lot. Learn about the “Equal-Odds Rule” and how it applies to every success you’ve ever seen. For me, my failures have been far more instructive than what I’ve actually done right. Full Article Here Learn more about your ad choices. Visit megaphone.fm/adchoices
The Smart Way to Buy Property

The Smart Way to Buy Property

2019-07-2900:50:5214

Buying a house is a long-held tenet of the American Dream, one of the milestone markers of adulthood. But there are a lot of misconceptions about homeownership. And there is a lot of misleading information about the process of how to buy a house, some of it seems deliberately misleading. An uninformed buyer is an easy mark for predatory real estate agents, home inspectors, contractors, banks, and mortgage brokers. Buying a house to live in rather than to rent out is not an investment. In reality, it’s usually a terrible investment. That’s because, at the end of the day, owning a home takes money out of your pocket: You’re paying property taxes, you’re paying maintenance, you’re paying insurance. There are all of these other things that happen with your home that you’ve got to pay for. But every decision we make doesn't have to be based strictly on dollars and cents. No matter what we are, anyone else tells you, sometimes you just really want a house. A home of your own feels like stability. It allows you to put your stamp on your environment. A home is something a lot of people want when they decide to have children. We respect all of those reasons, so if you're bound and determined to do it; we want to show you the smart way to buy a property. Full Article Here Show Notes Psionic Blackberry: A sour from Unsung Brewing. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Three P’s of Success

The Three P’s of Success

2019-07-2200:50:228

Everyone wants to find success both in their personal lives and their professional lives. Because success is an almost universal desire, there are thousands of books, podcasts, articles, TV shows, and seminars that claim they can teach us how to be successful. And all of the people selling those books and other things have a vested interest in making finding success seem harder and more complicated than it needs to be. But we like to keep things simple and assume you want the same. We love Marcus Lemonis of the TV show The Profit. He is a successful business person and on the show, takes failing businesses and teaches the owners how they can simply achieve success using the Three P's of Success. There is no magic formula, no book to buy, no seminar to attend. You can spend a single hour after you finish reading this (for free!) and implement one small suggestion for each of the Three P's into your personal, professional, and financial life. Making small changes or minor improvements will not only make you more successful but make your life easier too. Building habits and creating systems are the small picture things that make up the big picture things. No one can overhaul their life in a single step but step-by-step, things get better and easier. So what are the Three P's of Success? Let's find out. Full Article Here Show Notes Mikkeller and Friends Shake Your Stack: An Imperial Stout A 3 Hour Plane Ride with Sean Penn: Matt's own New England IPA Learn more about your ad choices. Visit megaphone.fm/adchoices
We get dozens of emails a week asking financial questions. Sometimes we get a question so good, we want as many people as possible to hear it and the answer. That's how 5 questions episodes were born. We have questions about the 4% rule, staying financially motivated, and making passive income. Let's answer some questions. Full Article Here Show Notes Gose Dragon's Milk-White: A  white stout. Matt's Home Brew: A Kolsch. Learn more about your ad choices. Visit megaphone.fm/adchoices
A dollar today isn't the same as a dollar tomorrow, that's the time value of money. Risk and return are expecting a dollar risked to earn more than a dollar. The time value of money and risk and return are two core concepts in personal finance. Luckily, each boils down to a pretty simple statement. The core principle of the time value of money means your dollar today is worth more than your dollar tomorrow. Risk and return say that if you are to risk a dollar, you expect gains of more than just your dollar back. For each unit of risk you take on, you expect a slightly more significant unit of return. Even though these money concepts are easy to simplify, I want to dig a bit deeper into each of them. Full Article Here Show Notes Mikkeller Brewing Passion Pool - Gose-style ale with Passionfruit and Sea Salt American Solera Movement and Color Member Blend - Foeder Ale Refermented with Chambourcin and Norton Grapes Learn more about your ad choices. Visit megaphone.fm/adchoices
For most people, their mortgage is their biggest debt. And we all know that debt is bad. Debt is an emergency that we must pay off as soon as possible. But is all debt bad? Is paying off your mortgage quickly a good personal finance strategy? Paying off your mortgage more quickly has its advantages when done strategically but there are downsides too. We get a lot of emails asking about paying off mortgages early and people site various reasons for wanting to do so. A lot of people want to join the FIRE movement. They want to quit their jobs, retire much earlier than the typical retirement age of 65, and sometimes start a business with their extra money and time. Mr. Money Mustache is the God Father of the FIRE movement. He paid his mortgage off years ago to be able to live on something like $30,000 a year. Some people just hate the idea of having any debt hanging over their heads and as we wrote, a mortgage is the biggest source of debt for most. And there are some homeowners who have a bad interest rate and want to save as much money as they can in a bad situation. Yes, the idea of being mortgage free is seductive but before you decide anything, we want to show you how to pay off your mortgage strategically. Full Article Here Show Notes Peachy Bones: An India Pale Ale Jam Skate: A Double IPA Learn more about your ad choices. Visit megaphone.fm/adchoices
loading
Comments (34)

jason cole

awesome show

Jan 3rd
Reply

Ivan Terrero

best explanation I have heard on IBC ! Thanks!

Dec 28th
Reply

Ashim Shrestha

G’day guys ( from Australia), what are you drinking? I would love to see myself on your spot in future, I want to learn web design like you guys, my curiosity is- “ is it too late to learn web design as there are platforms like wix which help to make a website, I know nth about web design , what platform is best to learn it? Real course or online course? Any recommendation? Also, is there anyway you could reply on this comment rather than talking on a podcast because I recently started to listen to you guys, I am very far behind, it’s gonna take me ages to reach latest episodes, thanks

Dec 11th
Reply

William Ryans

Could you guys do review of the credit builder app Self.

Nov 22nd
Reply

Emo LeBlanc

Here is a suggestion for a theme song for your show https://music.youtube.com/watch?v=aNODqOQcESs&feature=share

Sep 1st
Reply

Chris 4RealTrip

no lie.. worst one yet. I feel like this episode was a complete waste of time

Aug 15th
Reply (2)

Justin Weeter

Warren Buffet drives a Cadillac.

Jul 22nd
Reply (1)

Brendan Leighton

Listening to the episode of investing and anxiety. It was brought up that people making 100k or even 60k a year are living paycheck to paycheck. That's just ridiculous. I make less than 30k a year and put away $400+ a month. I never think about paying for food, gas, bills, student loans, or anything else I need because I budget. Only when I want to buy something I want, do I sit down and see if I can afford it. Anyone making more than me has no excuse to live paycheck to paycheck. There are some circumstances where someone making more has Needs that can't be lowered (medical expenses for example) and that's a different story. Budgeting works, I learned how to through research, so can everyone else.

Jul 8th
Reply

Baby Chronicles

this is an INSANE podcast! im inlove!

Jul 4th
Reply

Lagit Styles

bankruptcy can be a great restart for someone in a lot of debt who just wants to start over. If you are falling beyond on your bills and everything else. Hitting restart could be the best thing for you. Credit takes a hit with pretty much everything mentioned in this episode. Either way good podcast.

Jun 18th
Reply

Alex Penney

Great stuff but the higher volume ads are annoying as hell

Jun 10th
Reply

Akhil Mevada

i asked people come there sit up the day. they denied . i spelled it wrong with A instead of E

May 30th
Reply

Akhil Mevada

this thing coming up lately financing detaills

May 30th
Reply

Lenor Dolker

thank you so much 🙏

May 28th
Reply

Arielle Sargent

Great content, love your podcast! Also you set off my Google speaker when you asked what the weather was and I was in a different room 😂

May 25th
Reply

jason cole

love the show

Apr 11th
Reply

theodore calhoun

i just wish i had found you guys earlier in life i might have had more stability. as it is i love your equilibrium of great info and bullshitting it makes for a great listen

Mar 5th
Reply

William Ryans

Can you guys do a review on M1

Feb 10th
Reply

AJ Munn

miss Thomas :(

Nov 21st
Reply

Ricky Stephens

great episode

Nov 18th
Reply (1)
loading
Download from Google Play
Download from App Store