Money Peach

On the show today I have Bernadette Logue - an expert when it comes to mindset and money. I’ll admit — I am great when it comes to showing you how to create a budget, save more money and get out of debt. However, where I often miss is when it comes to your mindset and money. What I have learned over the years of coaching people with their finances is that a change won’t happen until you are willing to make the change. Once you make the decision to commit to improving your life and money, I can then show you the tactics to help you accomplish your goals. But what causes us to make those changes and how do we get there? And this is where Bernadette comes in to help answer these questions. We also discuss. Why do some people do well financially and others seem to always struggle with money?   Where we learn and develop our financial habits and at what age.   Is it possible to break the cycle of constant financial struggle?   Mentioned in this episode 300 Positive Money Affirmations (Free Audio)   3 Cr

I had Brian Winch on the show way back in 2017 to share how he makes a full-time income picking up litter in parking lots. Yes, you read that right - picking up litter in parking lots. I decided to reach back out to have Brian back on the show to follow up and ask him how the business is doing and how others are doing after having him on the podcast a 3 years ago. "Peach, this is literally a $30k -$50k per year side hustle and others I have helped get started are doing extremely well with their side litter-pickup side hustle as well". $30k to $50k side hustle?  This isn't just a side hustle - this is full-time income. But how does one make this kind of money as a side hustle? One of the reasons: COVID-19 Brian answers all these questions and more in this week's interview on making extra money. ** Mentioned in this episode How to Start Your Own Litter Pickup Business (Book)   ** 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 the

With only 11 days until the election, many of us are wondering what we should be doing when it comes to our investments? Should we pull out our money now? Should we wait until after the election to see what happens? What if we don't know who the president is on November 3rd? What about other uncertainties that could have an effect on my investment portfolio? Inside the episode I am going to break down... Investing With Uncertainty? Sure, there will be volatility when there is uncertainty in the markets. But how should we manage this and what have we learned from the past during an election year? Should I wait until after the election to invest? I am going to show you 22 different election cycles and let you make the decision based on the past century when it comes to investing before, during and after an election. What If Democrat vs Republican President? Good news, it doesn't matter as much as you think it does. Often Presidents like to take a little too much credit for how the markets did during their presi

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

Jordan Goodman is a rockstar. You may have heard of him as America’s Money Answers Man and seen him as a regular CNN, Fox Business and radio segments across the country. Jordan is referred to as the answers man because of his expertise on all things money, but I wanted him to come on the show for one reason and one reason only: The Equity Optimization Strategy Jordan walks us through step-by-step how to pay down your 30-year mortgage in as little as 5-7 years using a HELOC. Now, I am sure you’re waving red flags, and you definitely should be. I was too. Therefore, I made sure Jordan broke it down step-by-step and I even had to ask him to explain it three different ways so we can all fully understand this strategy. Here are just a few things we mention inside this episode: Countries such as Australia and Japan already use this method of rapid mortgage acceleration The reason it works is because mortgages used amortization schedules and HELOCs are based on average daily balance You must have some equity in you

Rob and Melissa are the Flea Market Flippers and they’re on the show to share how they turned their side hustle into full-time income. Here's what to expect from today's show: Rob shares how he started flipping as as a side hustle in 1996 How they made $62k in profit last year Best flipping story involving a prosthetic leg Rob and Melissa also share some of their secrets when getting started with a flipping side hustle, including Starting small Sell things inside your house first Where to list your items for sale How to take the best pictures The formula to identify what to buy and what to sell it for ** Mentioned in this episode Free Webinar: The Flippers Workshop ** 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 p

I'll be honest — I almost didn't record this episode. After talking about it with Andrea (my wife) and praying about it, we decided we were going to share more of our story. This wasn't easy. Not many people are willing to talk about the REAL life money.  Here goes...this past month we officially passed $1 million net worth. And there is way more to the story that Andrea and I are sharing on the show today. No, we do not make $1 million. (Not even close) No, it did not happen quickly. No, it wasn't super easy. No, we are nowhere near perfect when it comes to money. However, we hit one of our goals. We can officially say we are "millionaires". And it feels really damn good! But, how did this happen?  Where did we start (Hint: we had a huge negative net worth)? And how could someone else accomplish this? We discuss all of this and more on this week's one-of-a-kind show! ** Mentioned in this episode Free App to Track Your Net Worth from Personal Capital   Free Spreadsheet

When Mom and Dad are ready to move out of their home and into a senior living community, what is the best way to go about it?

Have you heard of the #ChoosFI Movement? The Retire Early and Choose Financial Independence movement is taking over the personal finance world and for good reason. It's an amazing community of people looking to earn more, spend less, and build wealth so they can reach financial independence. Today I am bringing their co-founder Jonathan Mendonsa on the show to talk all about it. Most interviews I do last between 25 and 30 minutes, but Jonathan was so good during this interview that we just kept going....and you won't be disappointed. ** Mentioned in this episode ChooseFI Website Links mentioned: Jonathan talks about earning $60k or more per year with this certification program: https://www.talentstacker.com/salesforce ** 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 st

Have you ever wondered what it would be like to start a franchise? Whether you are looking to change careers, increase cash flow, or invest as a wealth building strategy — franchises may be the perfect fit. I'll be honest — I didn't know anything about franchising so I found America's #1 Franchise Expert - Kim Daly. Kim Daly is a franchise coach and expert with over 18 years helping people find the perfect franchise and showing them how to get started from almost 2 decades of experience. She's seen the good, bad, and the ugly of franchising and she's sharing when to get started, what to look for in a franchise, and how to find early success. And some of these franchise opportunities will shock you. I had no idea how successful people are inside franchises I have quite frankly never heard about. We all know about the franchise opportunities for McDonalds, UPS Stores, Massage Envy and the 7-11s...but what about the little-known franchise jems you've never heard of? We talk about all of this and more in this wee

Wow - did someone just say that your 401k is a bad plan? Yes. Rebecca Walser comes on the show to share with us why your 401k isn’t just hurting you...it’s actually KILLING your financial plan. It all started back in 1978 when the famous 401k plan was in a way created by accident. Back in the late 1970s, most employers contributed to a defined benefit plan (AKA a pension) and that cost employers a lot of money. During this same time, tax rates were much higher than they were today and some very highly compensated executives were looking for loopholes to avoid these high taxes. What they proposed was they could be bonused out in the form of a 401k plan, which allowed them to take their bonus, dump it into a 401k plan to avoid paying the high taxes now, and then grab that bonus money at retirement when taxes were much lower. However, a few years later businesses started catching on and realized they would save millions upon millions of dollars by getting rid of the pension plan and moving to a 401k plan. Instea

Do you get paid a little differently each month? Maybe you are an entrepreneur, a real estate agent, in sales, or you you're a self-employed independent contractor. If this is you, you need to learn how to budget with irregular income. This week on the show, I am going to walk you through the 6 steps to irregular income budgeting. This is the same system I have used in my own business when setting up a monthly budget based on fluctuating income. Step 1: Find Your 90 Day Average Income Step 2: Determine Your Take-Home Pay Based on Gross Income Step 3: Open Separate Checking Account (Separate Bank) Step 4: Choose Your Paydays Step 5: Enter Monthly Take-Home Pay Into Budget Step 6: Readjust Every Month Based on Last 90 Days Once you've listened to all 6 steps, head on over to https://www.moneypeach.com/session142 to get the free budget templates I mention inside the episode. or you can simply Grab Free Budget Templates Here ** Thanks so much for listening to the show and if you feel the content of this podcast w

Today I am going to break down the exact same budget our students are currently using to save on average $500 or more each month. A recent study shows that nearly 80% of Americans are currently living paycheck to paycheck.  This isn't because they aren't making enough or that they're spending too much — it's because what gets measured gets managed. On the show I will be breaking down the 7 steps below in detail and explain how they work and why each step is so important. Step 1: Go back 90 days Step 2: Make categories Step 3: Enter first two steps into budget Step 4: Zero out your budget Step 5: Follow the plan YOU created for YOUR money Step 6: Make adjustments Step 7: Rinse and repeat Once you've listened to all 7 steps, head on over to https://www.moneypeach.com/session141 to get the free budget templates I mention inside the episode. or you can simply 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 le

On Monday, the Senate pushed through the HEALS Act which is expected to be signed into law on August 7th. What to expect from the HEALS Act: Stimulus Checks $1,200 for individuals making less than $75k and phasing out at $99k $2,400 for families making less than $150k and phasing out at $198k $500 for dependents 19 and younger OR 24 and younger if they are a student Unemployment Benefits The $600 weekly benefit (in addition to state benefits) expires on 07/31/2020 Decreased amount to $200 per week (in addition to state benefits) through September and then 70% wage increase, up to $500, from October through December 31st. School Reopening $70 billion to K-12 that open for in-person classes $29 billion for higher education $1 billion for Bureau of Indian Education $5 billion to be used by each state at their discretion Coronavirus Testing $16 billion This is only what has been proposed by the Senate on Monday and is expected to pass by August 7th. Talks from both sides of the aisle and President Trump h

We focus so much about helping our kids with the finances, but what about our parents? Right now there are close to 50 million Americans who are age 65 and over. This means 1 out of every 7 Americans should at least start having the money talk sooner than later. But how do you start a money conversation with your parents? What should you say, and more importantly - what do you NOT say? What things need to be in place before it's too late? What are the real-life examples of the shattered families when the money-talk didn't happen? Author, speaker, and personal finance journalist Cameron Huddleston is my guest on the show to take us through all of these answers and more. Cameron has lived it. After her mother was diagnosed with early onset dementia, Cameron painstakingly made her way through the financial journey with her own parents. During this time, she learned a lot of what to do and what not to do.  After going through this personal experience, Cameron made her mission to help other adult children navigate

This week there was a post floating around social media right now (you've probably seen it) about the reality of a Cashless Society. I am going to break down that post, compare the facts vs fiction and the pros vs cons of a Cashless Society. Some of the facts surrounding the idea of a cashless society is absurd, a little bit of it actually makes sense, and part of this may even get the hairs on your neck to stand up! Don't worry, I'm not going to make you wonder where I stand on this topic...I'll explain in the first few minutes. * Need a better plan for your money? I am asking you to PLEASE take my FREE budget tool called the Cash Flow Formula. https://www.moneypeach.com/freebudget * This is the exact same tool I use every single day of my life and I would be completely lost without it. What gets measured gets managed and when you aim at nothing, you will hit it every time. * All the show notes, links, and anything I mentioned in the episode can be found over at https://www.moneypeach.com/session138 Thanks s

Talaat McNeely from His and Her Money is on the show today to talk about how they paid off their mortgage in 5 years. Talaat and his wife Tai started His and Her Money back in 2015 and have become known as America's Couple Money Experts. They have an incredible YouTube channel with 144k subscribers and one of their highest viewed video is where they walk into the bank and pay off their mortgage! From starting with a negative net worth, lies about money inside the marriage, and a pile of debt — the two almost didn't make it. During our conversation, Talaat explains the steps they took to rebuild the trust inside the marriage and money, how they paid off their $30k in debt, and then how they paid off their mortgage in 5 years...starting out on a single income teacher's salary! *** All the show notes, links and anything we mentioned in the episode can be found over at https://www.moneypeach.com/session137   *** Looking for a simple budget for your family to live on? You can have the exact same budget my wife and

Affluenza is the damage done to our health, our families, our communities, and our environment by the obsessive quest for material gain. To make this simple: Affluenza is the "we need more stuff to be happy" epidemic. Since the late 1950s, the happiness inside the United States has steadily decreased. However, incomes have almost doubled, our houses have more than doubled in size, and the quest to gain happiness through "stuff" is at an all time high. And what about the consequences of Affluenza? How much of our money do we actually save compared to the rest of the world? And what are the other consequences when it comes to this epidemic? All of this in the show today AND a freebie cheat sheet that I use when deciding on making a big purchase. *** You can grab that free PDF cheat sheet here: https://www.moneypeach.com/136download *** All the show notes and links mentioned in the episode can be found at: https://www.moneypeach.com/session136  

Benjamin Brandt, host of the Retirement Starts Today Radio Show and Founder/CEO of Capital Wealth Management is coming on the show today to talk about the 5 steps to building wealth inside your 401k. Believe it or not, $1 million may seem like a lofty goal by today's standards, but will it be enough if you're planning on retiring 20-30 years from now? Here are the 5 steps we will discuss during the show: Step 1: Start Saving Today  The money you will be living off of in retirement is not from the money you are setting aside today. It's from the money that your money will be making in the form of compound interest.  Step 2: 10% -15% Invested Start off by saving 10% - 15% of your income. Then, every time you get a raise, split the raise: half goes to you and the other half goes to your 401k. Step 3: Always Get the Employer Match 97 percent of employers offer a company match. How much is the match, is it a tiered match, and how do you find this out? Remember, the employer match is truly FREE money for your nest

What if God spoke to you and told you to take a year off from work? Not in a few months or years from now, but right now? This is exactly what happened to the founder of Seedtime.com — a Christian personal finance site dedicated to teaching biblical principles about money. During the interview, Bob shares how he was just coming off another great year in his business when he felt the nudge from God to take a year off. Timing could not have been worse for Bob when he felt God call him to do this, but he followed what he felt he was commanded to do. Did everything turn out just like you would expect?  Of course not. But what Bob and his family gained was far greater than they could have ever imagined. *** Looking for a better way to manage your finances so you can save up and prepare for real estate investing? I am currently taking applications for the upcoming financial coaching program where you and I will be meeting for 5 weeks over a weekly Zoom call. In those 5 weeks, you will master a spending plan, you wi