Broke at Forty
193 episodes - English - Latest episode: 5 months ago - ★★★★★ - 2 ratingsEvan Thomas will share his passion for financial independence, often times attempting to help shift listener's thoughts from a broke to brilliant mindset. Episodes will range from what it was like being broke at age 40 (off the heels of a personal bankruptcy at age 29) to stories of inspiration and hope he's gained along the way.
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Episodes
161. How to RolePlay Your First Year of Retirement
December 05, 2023 14:32 - 18 minutes - 17.4 MBEvan talks through a valuable roleplay as if he was retired this year. What would the numbers show in his Fabulous Four? 401k, Roth, Taxable, and HSA. Remember, for this type of analysis, Short Term Reserves are not included which makes the Allocation of Stocks to Bonds/Cash a bit higher. Add in 100k of cash and it goes down a bit. --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
160. Has Evan Retired in 2023?
November 27, 2023 13:03 - 18 minutes - 16.7 MBIn true coffee-style rambling format, Evan updates his Broke at 40 listeners with how 2023 has been going. Did he retire? Will he continue to work yet another year? Tune in to find out! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
159. How Your Savings Rate Is Your Way to Financial Success
July 23, 2023 17:15 - 28 minutes - 26.6 MBEvan rambles during the Money of the Week segment. Is he really thinking of buying a new condo? Is he ready to retire YET? And why is your SAVINGS RATE the most important concept for Late in Life Savers? Tune in to find out! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
158. Evan Gives Himself a Retirement Raise Once Again
July 06, 2023 15:14 - 46 minutes - 43.3 MBEvan has been absent for two months on auto pilot with finances, but he always comes back to what matters most. You! His loyal listener :) --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
157. An Update on Evan and that's One Expensive Automobile
April 30, 2023 18:25 - 22 minutes - 20.7 MBEvan give and update on 2023, and talks through allowing yourself to spend on things that you truly value --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
156. I Owe, I Owe, So It’s Off To Work I Go?
March 26, 2023 14:24 - 12 minutes - 11.8 MBEvan talks through a concept that unfortunately, many people have as a true reality —that they have to work for money most of their lives, but it doesn’t have to be that way forever! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
155. Why Should We Ignore Social Security As Late-In-Life Savers?
January 22, 2023 17:03 - 8 minutes - 7.83 MBEvan received a question on YouTube about what his Social Security would be and how it can offset or subsidize retirement income needs, so he and tackles the question! Stay tuned for the episode, or join us as the Frugal Millionaire on YouTube! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
154. Introducing “The Frugal Millionaire”Premiered on YouTube in January 2023
January 15, 2023 21:38 - 5 minutes - 5.31 MBHello! Evan here, I hope everyone is doing well so far this year, two weeks into 2023. I wanted to take a moment to introduce The Frugal Millionaire, my brand new channel on YouTube, where I hope to grow a large audience and help people go from Broke To Brilliant! I’ll be taking some time to create videos for you there. Please join me,and say hello! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
153. Just a Review of My Operating Budget for 2023
January 08, 2023 17:07 - 10 minutes - 9.74 MBEvan didn't have much to say this week, say what? No overly ramble on and on for the week? Well, he can't promise that. But he can promise a look into t frugal mindset and a control of money in a world where we can't control much of anything (or there's so much out of our control). Join us for this short coffee-talk ramble! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
152. My Favorite Financial Day of the Year: 2022 in Review and Goals for 2023!
January 01, 2023 15:20 - 31 minutes - 29.5 MBJoin Evan as he recaps 2022 and looks forward to what could be his last W2 working year in 2023. Will he have the courage to enter early retirement in upcoming months? Join us, as we move forward with Season 5 of this podcast series! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
151. Evan's Pillars of Longevity in Life and Finances
December 11, 2022 17:52 - 26 minutes - 24.7 MBWhat do we begin thinking about this time of year? That's right. New Year's Resolutions. Evan hates that word! Why can't we think of our behavior in terms of a "way of life" and not breaking bad habits. If we do have habits that hinder our growth in longevity with life and finances, then having awareness to correct it is more important than thinking we can never fail. We WILL fail. But success depends on a Net Result over Time. Join us today as Evan rambles about this topic, so import...
150. The 2020's Look Grand, and Evan Gives Himself a Retirement Raise
December 04, 2022 17:38 - 19 minutes - 18 MBEvan shares his thoughts of the past couple of weeks as he thinks about one more year in corporate America. In the past, his spending projections have been ultra-conservative, but now...what if he dreams larger? Will the numbers still support such potential spending? And if it does, would he actually need to spend it all? Or, would minimalism and frugality prevail? Tune in to find out! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
149. People Who Need Paychecks and Simplicity of Saving (SOS) Preview 2023
November 20, 2022 15:01 - 25 minutes - 23.9 MB149. Evan rambles about creating a Simplicity Study that represents your TRUE expenses, anchoring to last weeks episode. But join him today for positioning yourself to WANT a paycheck but not NEEDING a paycheck. Doing so, will move you from Broke to Brilliant. Want to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
148. KISS: Keep It Simple Saver, A Simplicity Study on Paper
November 13, 2022 14:41 - 33 minutes - 31 MBEvan wants Late-in-Life Savers to understand that FRUGALITY is the mindset to have during the Accumulation Phase, but more importantly when positioning yourself for the Distribution Phase. Join us today, as he tries to convince himself of this important concept! And stay tuned for the end of the episode where he will talk through that this decision will allow for MORE SPENDING when considering there are are far fewer bear than bull years. Want to be on the show to share your money story? ...
147. A Fascination with Numbers and Thinking Outside of Your Box
November 06, 2022 15:37 - 25 minutes - 23.4 MBEvan shares his money thoughts of the week and moves on to help Late-in-Life Savers think outside of their normal thoughts. After all, what is Normal Anyway? Want to be on the show to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
146. Ten (10) Millionaire Habits for Late-in-Life Savers
October 23, 2022 15:53 - 45 minutes - 42.3 MB146. Evan talks through some of the most widely accepted habits of people that have achieved a million or more in investable assets, or an overall millionaire net worth, while anchoring to his own experience. Want to be on the show to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
145. S&P 500 Month By Month Evan Analysis 2022
October 16, 2022 14:01 - 10 minutes - 9.68 MBEvan rambles with his thoughts about the negative results of his million dollar portfolio in 2022. Where will the calendar year end in just a few months? Nobody knows! Want to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
144. Don't Worry Be Happy Especially during Tough Financial Times
October 09, 2022 16:29 - 28 minutes - 26.4 MBEvan talks through a recent article on not worrying about the bad financial markets of 2022. Are you keeping your eyes on a long-term goal? Don't sell…. Simply enjoy leveraging these buying opportunities! Stay tuned to see what Evan thinks about trying to be happy in 2022 regardless of things we can’t control in both our financial and personal lives. Today, on the Broke at 40 podcast. Write us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/sho...
143. Hurricane Ian and an Overall Sense of Vulnerability
October 02, 2022 12:33 - 12 minutes - 11.6 MBEvan talks through the near miss of Hurricane Ian in his community. How does this make him feel given the current market conditions. Is he hopeful? Discouraged? Join us today to find out! Email us at [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
142. Winter is Coming, Relinquishing Financial Control, and a Slightly NEW Financial Plan
August 14, 2022 16:33 - 26 minutes - 24.4 MBEvan gives results of his meeting with a Vanguard Financial Advisor, but first talks through the financial landscape of current markets and a looming gloomy feeling for 2023, but an opportunity for sale opportunities. Join us today for this episode of the Broke at 40 podcast! Want to be on the show to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
141. Mid-Year Fiscal Review, and a Good Problem to Cultivate
August 07, 2022 15:05 - 43 minutes - 39.9 MBToday Evan walks through a couple scenarios. One. He looks at his fiscal year. What's going well, what's going wrong? And two. What is going on with the markets this year? Take a look at your own financial numbers as you follow along with Evan as he stumbles his way through this episode. That's right. He's not a professional podcaster, or financial master, but that's OK. He's doing it, and you can too. You can take the time to analyze YOUR money and the wealth that you are hopefully ...
140. A Fitness and Finance Ramble for Late-in-Life Savers
July 31, 2022 15:25 - 26 minutes - 24.7 MBEvan once again has way too much caffeine on a Sunday morning and hit record on his iPhone. But with a little upbeat music and some knowledge of staying in shape at no cost, he manages to create some cohesiveness to making a claim that finance and fitness go together. Join us today to feel the energy ??? Want to be on the show to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
139. Storytime: Perspective in Life Can Change Everything (Hint: Think "Rat"Race)
July 24, 2022 15:50 - 32 minutes - 29.7 MBEvan goes on a ramble about a few thoughts of the week related to some money changes that may be coming up in the next month or so. Then he moves onto a hopefully entertaining story about keeping things simple in order to have the capacity to deal with what life throws at us at any given time. If you're preoccupied with overspending and creating your drama, how can you have the insight to know how to handle difficult situations that come up? Finally, he speaks of two new younger employees ...
138. Becoming a Broke Winner as a Late-in-Life Saver
July 17, 2022 15:43 - 28 minutes - 26.5 MBEvan wants to remind everyone the importance of a positive mindset, even if you're Broke at 40, 45, or 50. Have the ability to accept where you are RIGHT NOW. There's only upward once you've hit a financial bottom or if you've never applied the SIMPLE concepts of personal finance. Regardless of income, it's all relative to expenses. So begin now. Don't wait until you sink even lower. And be a Winner while Broke. It will help you realize when you're no longer there and suddenly your inves...
137. Is there such a thing as Alpha Money for Late-in-Life Savers?
July 10, 2022 15:16 - 22 minutes - 20.8 MBEvan talks through motivation and discipline as two critical long-term strategies for true wealth building. Will you spend your time trying to be rich? Or will you finally follow what works? Join us today for a ramble down Late-in-Life Saver Lane. --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
136. Flash Forward, Opportunity Knocks For Late-in-Life Savers
June 26, 2022 13:06 - 25 minutes - 23.9 MBEvan reflects on a recent financial article this past week predicting another amazing bull market on the horizon beyond a pending recession. Will what he read hold true for the later part of this year? And if so, are you positioned for the greatest financial success no matter what happens to things beyond our control? Join us today as Evan once again has too much caffeine and rambles about possibilities for late-in-life savers while anchoring to his own past experience. Want Evan to share...
135. Four (4) FIRE Words That Have Changed Evan's Financial Life
June 12, 2022 12:07 - 38 minutes - 35.9 MBEvan shares four (4) words that have contributed to his financial success over time. Are they complicated? Are they difficult to understand? Do they resemble complex financial topics like Large Cap or Small Cap mutual funds, or investment advice in general? Come On. I think you know this answer. Join us today to learn more! Want to be on the show to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-...
134. How Can Diet Coke help Your Financial Life?
June 05, 2022 13:24 - 21 minutes - 19.5 MBEvan talks through a simple concept that when amplified on a larger scale can teach late-in-life savers basic personal finance concepts. No matter what age or net worth you've attained so far in life, he hopes this episode will motivate you towards your Financial Independence. Want to be on the show to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
133. Coffee Talk Ramble: Is Your Savings Rate the Equivalent of an Amazon Box on Your Doorstep?
May 29, 2022 15:42 - 31 minutes - 29 MBEvan rambles about how critical a 15-year period can be for late-in-life savers. We all know the drill. Keep expenses down. Do all you can to elevate your income potential with each passing year. Be confident and proud to purchase shares rather than material items! Happy Memorial Day weekend as you reflect on your past behavior and look forward to future financial abundance! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
132. Evan Meets with Michael: To FIRE or Not To FIRE
May 22, 2022 14:52 - 55 minutes - 51.4 MBJoin Evan as he talks through his favorite topic of all time, with one of his best FI friends, Michael. The two arrive in their mid-fifties with comparable outcomes, but both with very unique journeys to land here. Obsessing about finances while the stock market tumbles, what could be better! --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
131. Friday the 13th: The Day that Stocks Returned to Earth?
May 15, 2022 17:54 - 40 minutes - 37.6 MBAre we all facing a NEW reality as of this past Friday May 13th of 2022? Evan thinks so, as he reacts to a NY Times article titled "The Stock Market, After Soaring for Years, Returns to Earth" by Michael Corkery. What does this mean for a late-in-life saver? What are Evan’s thoughts on early retirement, have they changed? Is he more reality based for the upcoming decade? Join us today to find out! Want to be on the show to share your money story? Email us: [email protected] --- ...
130. The "One Million Dollars to Spend" Story
May 01, 2022 13:47 - 28 minutes - 26.7 MBEvan has been absent for three (3) weeks! Join us today to learn why, and more importantly to understand the power of the Millionaire Next Door mentality for Late-in-Life Savers. --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
129. Evan Reacts: “Can You Live Off of 2 Million in Retirement?”
April 10, 2022 22:54 - 16 minutes - 15.2 MBEvan reacts to an article he read the other day about living off of 2 million. Really? How many late-in-life savers get to that number? --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
128. The "Lottery Factor", Lost Decades and Sequence of Return Risk
April 03, 2022 19:56 - 26 minutes - 24.5 MBEvan attempts to tackle his thoughts and understand his place in the financial landscape. He understands that one has to accept where they are in Financial Life. We can't change when we were born and what happens out of our control when it comes to market returns over the decades. Walk with Evan as he once again attempts to make sense of it all. Want to be on the show to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotif...
127. Challenging Your Desire for Material Items that Can Seriously Impact Your Financial Goals
March 27, 2022 15:58 - 19 minutes - 17.7 MBEvan goes on a rant about his own personal struggle with giving in to societal and personal desires for material goods. That's right. Larger condos. Luxury Automobiles. The list can go on. But does "Evan Ever After" give in to temptation today? Listen in to find out! Want to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
126. The Kindle Cord Story
March 20, 2022 14:39 - 19 minutes - 18 MBEvan wants to relay to Late-in-Life Savers the importance of a minimal and frugal mindset that begins with the smallest of items. From a well made spatula to a Kindle device, if you can't get these right, what makes you think the larger more financial life-altering decisions will be different? Join Evan today as he talks through the importance of three (3) "R" words to keep in the forefront of your thoughts. Want to be on the show and share your money story? Email us: EvanThomasBroke@yah...
125. 70% Chance of Recession in the Next 12 Months?
March 13, 2022 13:40 - 18 minutes - 16.8 MBEvan shares his thoughts about the relationship between bear markets and potential recessions. The last short-lived bear market was in March of 2020 and looking back, it turned out to be the shortest V-shaped recovery on record. Will today's environment prove to be the same? Or, could we be facing a true recession? Regardless of the answer, Evan shares his experience over the last 14 to 15 years during his pursuit to reach Financial Independence. Will your experience be the same in upcomi...
124. Evan Completes His Taxes for 2021
March 06, 2022 17:10 - 21 minutes - 20.3 MBEvan rambles about how his taxes were a little more complex this year. How can you make taxes fun? Yeah, we know. Join us today to learn how becoming a self-made millionaire is sometimes as easy as looking in the mirror and trusting the person looking back at you. Savings Rate (discussed last week) and Trusting Your Ability to make the right decisions mean all the difference as late-in-life savers. Want to share your money story? Email us: [email protected] --- Send in a voice...
124. Boring! Evan Completes His Taxes for 2021
March 06, 2022 17:10 - 21 minutes - 20.3 MBEvan rambles about how his taxes were a little more complex this year. How can you make taxes fun? Yeah, we know. Join us today to learn how becoming a self-made millionaire is sometimes as easy as looking in the mirror and trusting the person looking back at you. Savings Rate (discussed last week) and Trusting Your Ability to make the right decisions mean all the difference as late-in-life savers. Want to share your money story? Email us: [email protected] --- Send in a voice...
123. What is the #1 Wealth-Building Tool for Late-in-Life Savers?
February 27, 2022 16:01 - 28 minutes - 26.2 MBEvan begin with a ramble of this week's thoughts, from thinking of FI from last week perhaps more as RE. Say what? From FI to RE? And as you continue on a journey towards FI or RE, always remember this: You can't escape Time. Two months will soon be history for 2022. What have you done with these 60 days? Are you still behind the eight ball? Are you reminding yourself of the eighth Wonder of the World? Is it this eighth wonder that could be the #1 wealth-building tool for someone Bro...
122. Countdown to FI: Ten (10) Months to Go? And Closing Fiscal 2021
February 21, 2022 14:43 - 29 minutes - 27.1 MBEvan shares with his late-in-life savers that the journey to FI can sometimes be not only the most challenging but enjoyable part of making personal finance one of your most treasured goals. Join us while Evan looks inward and asks listeners to enjoy the process while tuning out the negative impacts of media and what you see. Be what you see in your mind's eye. Allow your engine to build to where it can become your income in and of itself! Evan begins today's episode with thoughts of the ...
121. Inflation Nation / Bette Davis ICE: "Buckle Up, It's Going to be a Bumpy Night"
February 13, 2022 14:08 - 25 minutes - 23.2 MBEvan reminds listeners of his 2022 motto, ICE: Interpretation, Choice, and Execution especially relevant during a year with higher than expected inflation. He wants late-in-life savers to remember that adapting to current conditions is the secret to financial success longevity. Want to share your money story? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
120. Nine (9) Questions to Determine Your Late-in-Life Financial Literacy
February 05, 2022 13:55 - 27 minutes - 25.2 MBEvan walks you through an article published recently on the NewRetirement website that asked the question, "Can You Do Better than Average on this Quiz...". Do you think Evan scored above average? Stay tuned to find out! And test your own financial literacy with these nine (9) sample questions from the recent survey by Fidelity (updated with 2022 insight) from which this article is based. Want to be on the show to share your financial story, especially as a late-in-life saver? Email us: Eva...
119. B2B: Right Size Me, Learning to Leverage Current Economic Conditions for Your Benefit
January 30, 2022 15:15 - 39 minutes - 36.9 MBEvan rambles once again while on his cell phone. At a moments notice, he may come up with a random late-in-life saver thought and is eager to chat with you! Join in this episode to learn five (5) things you can do if you're struggling financially, several of which take advantage of current economic conditions. Want to share your money story via email for Evan to share with listeners? Email us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/sho...
118. Stock Market Crash of 2022? Blah Blah Blah And Becoming a PAW, say what?
January 23, 2022 19:58 - 31 minutes - 29.6 MBEvan takes some time to discuss the media and surrounding gloom and doom for the stock market. He reminds late-in-life listeners to strive to become a PAW instead. Focus on these behaviors and ignore the media. Don't know what a PAW is? Stay tuned to find out. Today, on the Broke at 40 podcast. Email us with show ideas: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
117. A Coffee Talk Ramble: MLK Day and Learning to Live Your Own Dreams
January 17, 2022 12:43 - 19 minutes - 18.1 MBEvan rambles about what Martin Luther King Jrs’ life has meant to him. And because this is a personal finance podcast, he relates it to our own monetary lives. --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message
116. Walk and Bike To Basics: Bundle Your Habits for Financial and Fitness Success in 2022
January 09, 2022 17:07 - 47 minutes - 44.2 MBInspired in part by James Clear's "Atomic Habits", Evan goes on a ramble today about getting back to basics with his bike and walking shoes. Full disclosure, he hasn't read the book cover to cover, but has only googled the topic and listened to podcasts in the past where the author was the guest. But having the basic knowledge of a concept is more than enough to remind us of our own power, in both our financial and fitness lives. Join Evan as he anchors back to last weeks episode teaser th...
115. Welcome to Season 4: My Favorite Financial Day of the Year
January 02, 2022 16:41 - 46 minutes - 43 MBEvan looks back at twelve (12) months and encourages late-in-life savers to stay on track to meet their financial goals. Did he meet his goals....financial and otherwise? How did his Condo Redesign go, and how much did he spend? What is his retirement date, does he even know yet? Join us today as a kickoff of Season 4. But first, he'll briefly review content from Season 3. Another year down, everyone. Stay focused. Stay committed. And stay as wealthy as you can possibly be! Want to sh...
114. Dear Dollar Diary, A2D, Episode 6 and Evan Reacts: Jackie's Story and her FIRE Journey
December 19, 2021 19:45 - 50 minutes - 47 MBEvan learned a great deal this week about Marketplace Healthcare and wants to discuss Premium Tax Credits (PTC's). Would he qualify as an early retiree? Is he on the right track with this thought process, or is he all washed up? Not discussed but as a teaser, would there even be enough qualifiable income from his taxable account? Would the Rule of 55 have to be utilized by taking some capital gains (or dividends) from the traditional portion of his 401k to come up with the total income am...
113. The Power of Acronyms to Define Your Year
December 12, 2021 20:02 - 55 minutes - 51 MBEvan talks though several acronyms that have propelled him into never forgetting his goals with each year, especially related to fitness and finances. Join us today while he shares "ICE", a new acronym for 2022. How can you come up with your own acronym? Tune in today to learn how! Want to share your money story in 2022? Write us: [email protected] --- Send in a voice message: https://podcasters.spotify.com/pod/show/evan-thomas1/message