Peeling Back Money and Life

Are you curious about the FIRE movement but think it’s only for people looking to retire by 40? Think again! In this episode, Casey and Mike break down the psychology behind Financial Independence, Retire Early (FIRE) and how anyone—regardless of age or retirement plans—can benefit from adopting a FIRE mindset. From understanding the mental barriers around money to creating financial goals that fit your life, we’re showing you how to achieve financial freedom, flexibility, and peace of mind. Tune in for a conversational, engaging discussion full of tips, real-life examples, and actionable steps for mastering the mindset of FIRE—whether you’re in the movement or just getting started with better financial habits. Resources: Blogs Mr. Money Mustache: Real-life examples of frugality and financial independence. The Mad Fientist: Focus on tax optimization and early retirement strategies. Books "The Simple Path to Wealth" by JL Collins "Your Money or Your Life" by Vicki Robin and Joe Dominguez “Financial Happiness” by Mike Finley

Podcast Summary: In this episode, we explore the FIRE (Financial Independence, Retire Early) movement, discussing its principles, different approaches, steps to achieve FIRE, challenges, and actionable tips for listeners interested in pursuing financial independence. Key Resources: The Simple Path to Wealth by JL Collins Financial Happiness by Mike Finley Minimalism: A Documentary About the Important Things Mr. Money Mustache (popular FIRE blog) Your Money or Your Life by Vicki Robin and Joe Dominguez The High Price of Materialism by Tim Kasser

Join us on this special end-of-year episode of 'Peeling Back Money and Life' as we dive into setting and achieving your financial goals for 2025! We'll share practical tips, inspiring insights, and actionable strategies that will help you build better money habits and set yourself up for long-term financial success. Start the new year strong :) Books "Your Money or Your Life" by Vicki Robin and Joe Dominguez "Financial Happiness" by Mike Finley Financial Blogs: The Crazy Man in the Pink Wig Get Rich Slowly Mr. Money Mustache The Simple Dollar Financial Forums and Communities: Bogleheads.org Finheads Facebook Group Tools for tracking spending: Monarch: A comprehensive financial tracking and planning app. Learn more Tiller: Spreadsheet-based solution for customizable financial tracking. Learn more YNAB (You Need A Budget): Popular budgeting app with a focus on giving every dollar a job. Learn more

Tune in to this episode of the PBML Podcast to discover the three key areas that can transform your life! Learn how to master your energy, create powerful morning routines, and harness the power of habits with insights and practical steps from experts. Don't miss out on these life-changing strategies—start your journey to a more productive and fulfilling life today! Resources Mentioned: Mark Hyman - Functional medicine practitioner and author of "Food: What the Heck Should I Eat?" Dr. John Ratey - Associate clinical professor of psychiatry at Harvard Medical School and author of the book "Spark: The Revolutionary New Science of Exercise and the Brain." Katy Bowman - Biomechanist and author of "Move Your DNA." Joan Vernikos - Former director of NASA's Life Sciences Division and author of "Sitting Kills, Moving Heals." Matthew Walker - Professor of neuroscience and psychology at the University of California, Berkeley, and author of "Why We Sleep: Unlocking the Power of Sleep and Dreams." Patrick McKeown - Breathing expert and author of "The Oxygen Advantage" and "Always Breathe Correctly." Hal Elrod - Author of "The Miracle Morning." BJ Fogg - Behavior change expert and author of "Tiny Habits." James Clear - Author of "Atomic Habits." Michelle Segar - Leading researcher in motivation and behavior change, author of "No Sweat: How the Simple Science of Motivation Can Bring You a Lifetime of Fitness."

Ready to unlock the secrets to a 7-figure net worth? In this episode, we reveal the top 7 financial decisions that can transform your financial future. From smart investing to maximizing retirement contributions, we've got actionable steps and real-life examples to guide you. Don't miss out on these crucial insights—tune in now and take the first step toward financial freedom! Resources: Books: The Next Millionaire Next Door by Thomas J. Stanley and Sarah Stanley Your Money or Your Life by Vicki Robin and Joe Dominguez What Color is the Sky by Mike Finley Think and Grow Rich by Napoleon Hill The Simple Path to Wealth by JL Collins I Will Teach You to Be Rich by Ramit Sethi

In this episode, join us as we dive into the world of charitable giving with financial educator Mike Finley. Discover insightful strategies like Qualified Charitable Distributions (QCDs) and Donor Advised Funds (DAFs), and learn how to integrate them into your financial plan for maximum impact. Mike shares personal stories, practical advice, and answers common questions about making meaningful contributions. Don't miss this opportunity to transform your approach to giving and make a lasting difference! **Books by Mike Finley:** "Financial Happine$$," "The Crazy Man in the Pink Wig," and others **The Giving Solution:** Mike's non-profit organization offering free financial guidance **Newsletter:** Subscribe to Mike Finley's newsletter for ongoing financial tips and insights Personal Finance Classes: Attend one of Mike's workshops or classes for hands-on learning Youtube by Mike Finley Schedule Mike to Speak Resources

Join Casey and Mike as they dive into the world of charitable giving, exploring how you can support the causes you care about while maximizing tax benefits. From Qualified Charitable Distributions (QCDs) to Donor Advised Funds (DAFs) and more, this episode provides actionable steps and real-life examples to make your philanthropic efforts more impactful. Tune in to learn strategic tips for integrating charitable giving into your financial plan and ensuring your generosity makes the biggest difference! Charity Navigator: A resource for evaluating the financial health and transparency of nonprofits. GuideStar: Another tool for researching and assessing charities. Contact Information Email: hello@peelingbackmoneyandlife.com Resources Mentioned

Join Mike and Casey as they delve into the crucial topic of IRMAA and its impact on your Medicare premiums. Discover practical strategies to manage your income and avoid those extra costs. Tune in to learn about the Top 7 ways to avoid or reduce IRMAA surcharges. Don't miss out on this essential guide to optimizing your retirement finances! Resources https://www.kiplinger.com/retirement/medicare/medicare-premiums-2024-irmaa-for-parts-b-and-d Will-I-Avoid-IRMAA-Surcharges-On-Medicare-Part-B-And-Part-D-2024.pdf

Summary In this episode, we break down the complex process of setting up a paycheck in retirement into simple, manageable steps. We provide insights on assessing your expenses, adding up income sources, calculating the amount needed from your investment accounts, and more! Join us as we share tips on choosing the right withdrawal account, creating your own withdrawal frequency, and the importance of reviewing and adjusting your plan. Whether you're nearing retirement or just starting to plan, this episode offers valuable insights to help you optimize your money and create a sustainable plan for your retirement years. Don't miss out! Resources Genworth cost of care calculator Social Security benefits optimization tool (https://opensocialsecurity.com/) https://www.kitces.com/blog/consumption-gap-in-retirement-why-most-retirees-will-never-spend-down-their-portfolio/ https://www.financialplanningassociation.org/sites/default/files/2021-11/2006 - Guyton and Klinger - Decision Rules and SWR (1).PDF https://www.kitces.com/blog/probability-of-success-driven-guardrails-advantages-monte-carlo-simulations-analysis-communication/

Join us for an enlightening episode where we peel back the layers of financial planning. We answer one of the most common questions we get – "Where should I put my next dollar?" We've broken down the answer into seven easy steps. Whether you're just starting out or looking to refine your financial strategy, this episode will guide you to make the most out of every dollar. Get ready to dive deep into the world of money and life, and get one step closer to financial stability! Resources Retirement calculator Collegesavingsiowa.com (for Iowa 529 plans)

In this episode, we dive deep into the world of investing! Join us as we walk you through a comprehensive investing roadmap. We take the guesswork out of investing and give you actionable steps to kickstart your journey towards financial independence. Whether you're a seasoned investor or just starting out, this episode is packed with insights that will help you optimize your investment strategy and grow your wealth. Don't miss out!

Join us on this episode of Peeling Back Money and Life as we delve deep into the world of Tax Harvesting. Uncover invaluable strategies like tax loss and gain harvesting that can significantly impact your financial health. Whether you're a high earner, a young investor, or planning for retirement, this episode has something for you. Don't miss out on this opportunity to make informed decisions about your investments! Resources Forget Harvesting Losses, It's Time to Harvest Gains! Is Capital Loss Harvesting Overvalued?

Join us in this enlightening episode of 'Peeling Back Money and Life' as we sit down with Jerry Harris, President of Cedar Falls Operations and Chief Experience Officer at Western Home Communities. Discover the evolution of Western Homes, the challenges and innovations in the senior living sector, and gain valuable advice for families considering senior living options. Hear about impactful programs like Fortified Life and Charitable Gift Annuities, and learn about the future of senior living communities. Don't miss this inspiring conversation! Resources Mentioned Fortified Life Program Western Home Communities 5307 Caraway Ln Cedar Falls, IA 50613 319-277-2141

Join us as we delve into the top investing rules for successful financial growth. We'll guide you through the process of setting clear investment goals, developing a passive strategy using index funds, and adjusting your portfolio to align with your objectives. Learn how to avoid common pitfalls like emotional decision-making and market timing, and get practical tips on managing costs, rebalancing, and continuous learning. Tune in for this insightful episode - it's time to peel back the layers of money and life! Resources "A Random Walk Down Wall Street" by Burton Malkiel "The Little Book of Common Sense Investing" by John C. Bogle Books by Mike Finley, Rick Ferri, Charles Ellis Investing podcasts, including the Morningstar podcast "The Long View" Bogleheads online community

Join us as we welcome Mike Finley, the 'Crazy Man in the Pink Wig,' who shares his incredible journey to achieving financial independence by 45. Discover his unique concept of 'graduation,' essential personal finance principles, and inspiring stories from his work. Don't miss out on practical advice and insights that could transform your financial future! Resources Mentioned Books by Mike Finley: "Financial Happine$$," "The Crazy Man in the Pink Wig," and others The Giving Solution: Mike's non-profit organization offering free financial guidance Newsletter: Subscribe to Mike Finley's newsletter for ongoing financial tips and insights Personal Finance Classes: Attend one of Mike's workshops or classes for hands-on learning Youtube by Mike Finley Schedule Mike to Speak

In this episode of Peeling Back Money and Life, join Casey and Mike as they delve into the importance of credit scores and freezing your credit. They break down credit score. Then they dive into the concept of freezing your credit, explaining how it can protect you from fraud and identity theft. With helpful insights and practical steps, this episode is a must-listen if you want to take control of your financial security! Resources Credit monitoring AnnualCreditReport.com: You can get a free credit report from each of the three major credit bureaus (Experian, Equifax, and TransUnion) once per year through this site. Credit score Credit Karma Credit.com Credit Bureaus Experian Equifax TransUnion Password Managers LastPass Bitwarden 1Password

Join hosts Casey and Mike as they delve into the world of financial advisors. This insightful episode demystifies the various types of financial advisors, their roles, and how they can assist you in achieving your financial objectives. From comprehensive planners to investment managers, advice-only advisors to insurance agents, and even the salesperson, this episode breaks it all down. Tune in for an enlightening discussion that could potentially change your financial future. Resources: Questions to ask a financial advisor FINRA BrokerCheck How to find and work with a financial advisor XY Planning Network National Association of Personal Financial Advisors (NAPFA) Fee Only Network Financial Planning Association (FPA) Garrett Planning Network

In this episode of "Peeling Back Money and Life", join Casey and Mike as they demystify the often intimidating subject of probate. Learn what probate is, the process involved, its pros and cons, and common misconceptions. But most importantly, discover practical strategies to avoid and/or drastically reduce your probate without creating a trust. Tune in for insights that could save you time and money, and give you peace of mind. Resources https://trustandwill.com/learn/probate-fees - Can look by state you live in

Description In this episode of Peeling Back Money and Life, we delve into the critical but often overlooked topic of advance directives. We discuss what they are, their importance, who should consider having one, and common misconceptions surrounding them. Tune in to hear real-life examples and scenarios, learn about legal and financial considerations, and gain insights on navigating family dynamics when implementing an advance directive. Don't miss this enlightening discussion on taking control of your healthcare decisions. Resources: Prepare for Your Care Five Wishes “The Art of Dying Well: A Practical Guide to a Good End of Life” by Katy Butler

Join us as we peel back the layers of wills and estate planning. In this episode, we discuss the importance of having a will, common misconceptions, and how to navigate the legal and financial considerations. Learn how to protect your assets, ensure your wishes are met, and preserve your legacy. It's not just about you - it's about protecting your loved ones, too. Don't leave it up to the state - tune in to find out why everyone needs a will.