Episode 228: The Benefits of Being in a Credit Union with Grant Gallagher
Most people have a checking account with a traditional bank, while a majority of those also have savings accounts. But what about credit unions? Should some people use those rather than traditional banks? What are the benefits? To answer those questions, in this episode of the podcast I talk with Grant Gallagher of Affinity Federal Credit Union about the benefits of credit unions and why you should consider putting your money there. In this episode you will learn: - What credit unions offer that you can’t find at other banks - Some of the unique financial and community offerings credit unions can provide - Financial tools and resources credit unions create that address the real needs of their communities - The role education plays in a credit union’s approach to financial wellbeing
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Episode 227: Avoiding Probate Nightmares with Cameron Zabko
Having an estate plan is very important. It ensures not only that your legacy is protected, but that you've planned for disruptions in your health and well being while you're alive. It's part of making sure that you are prepared for life's challenges (and the ultimate end of your life). But how you draft and prepare that plan can make a difference in avoiding problems when those documents are needed, especially your will. To tell us about how to avoid probate nightmares I talked with Certified Financial Planner Cameron Zabko on what you should do. In this episode you will learn about: - Challenges Facing Surviving Spouses - The "Widow's Tax" - Probate Pitfalls to Avoid - Not to Miss Estate Planning Tips - The Importance of Succession Planning for Your Small Business
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Episode 226: Handling Inherited Wealth with Chase Collins
According to research done by the authors of the book *The Millionaire Next Door,* 70% of American millionaires are first generation. This means that in most instances wealth is not being effectively passed down to the next generation, as it is not being preserved. That generation doesn't know how to handle that much money (how many lottery winners are broke a year or two later?) So to talk about how to deal with inherited wealth, in this episode of the podcast I talk with Master Life Coach Chase Collins about how people who achieve significant financial independence can prepare their children for the receipt and handling of a significant financial legacy. In this episode you will learn: - The 3 biggest mistakes people make with inherited wealth - How to teach your children how to handle inherited wealth - How to deal with guilt associated with wealth - About avoiding the "Expectation Trap" - How to manage wealth and avoid losing it shortly after inheriting it
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Episode 225: Creating Your Income Snowball with Tanisha Souza
There are only so many hours in a day, and sometimes, even with a second job, it can be hard to make enough money to achieve financial freedom for yourself and your family. One way to get past this problem is to disconnect time from money and start generating passive income. That's why in this episode of the podcast I talk with former practicing lawyer Tanisha Souza about what she calls an "Income Snowball" that can get you that extra income you need. In this episode you will learn: - What an Income Snowball Is - The Kinds of Investments That Are Used to Create One - How it Reduces Risk for Passive Income - How to Find the Money to Invest in One
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Episode 224: Breaking Free from the Financial Treadmill with Bill Westrom
No matter how hard they try, a majority of Americans are living paycheck to paycheck, and even more don't feel secure with money. With no money left over after the bills are paid, it makes it nearly impossible to save for the future and reach long term financial independence. That's why in this episode of the podcast I talk with financial expert Bill Westrom on how folks can break the paycheck to paycheck cycle, save for the future, and gain financial freedom. In this episode you will learn: - The leading causes for people living paycheck to paycheck - How to get unstuck and and moving closer to financial freedom - How people can get better control of their money - About Credit Line Banking (what it is and how it can help you) - About tools to minimize expenses and achieve lasting financial independence
A semi-monthly podcast that brings you advice and interviews with experts on various important topics to help you make better and smarter financial decisions in order to improve or maintain your financial situation.
Ireland