Simple Money, Simple Life
118 episodes - English - Latest episode: 3 days ago - ★★★★★ - 70 ratingsThis is a podcast dedicated to exploring how simplicity beats complexity, especially in money matters. We explore how to save and invest as well as how living a simple life is a joyful life.
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Episodes
64. The Power of Gratitude
December 25, 2021 02:23 - 16 minutes - 14.9 MBMerry Christmas all! 🎄In today’s episode we explore the amazing benefits gratitude can bring to our lives and how that applies to investing.
63. The Endowment Effect
December 10, 2021 13:52 - 15 minutes - 14.2 MBIn today’s episode I educate on The Endowment Effect. Much of the information comes from Louis Chew’s blog, Constant Renewal.
62. The Power of a Morning Routine
November 25, 2021 13:41 - 14 minutes - 13 MBIn this episode we explore how a morning routine can dramatically improve your life. ‘Goodbye Things’ by Fumio Sasaki
61. Why There’s No Better Time to Invest
November 19, 2021 13:19 - 23 minutes - 21.4 MBIn today’s episode I talk about why now is the best time in the history of the world to invest. I also answer a listener question.
60. A Deeper Dive
November 05, 2021 13:16 - 21 minutes - 19.6 MBI’m today’s episode I take a deeper dive into investing concepts including the 72T rule, the rule of 55, Roth conversions, back door Roth’s and Donor Advised funds. If this is all a bunch of mumbo jumbo to you give the episode a listen and learn something new!
59. 12 Reasons Why Minimalistic Living Might Be For You
October 29, 2021 12:23 - 15 minutes - 14.8 MBIn today’s episode I dive into some fun ideas about how minimalism might be for you and how it’s ok to pick and choose portions that resonate with you.
58. The Great Resignation
October 23, 2021 03:09 - 13 minutes - 12.6 MBIn this episode I discuss what the Great Resignation is and factors that are contributing to it. I also share some personal news about my own resignation.
57. Are You Living Beyond Your Means?
October 15, 2021 14:36 - 18 minutes - 16.9 MBIn today’s episode we go through a fun checklist to see if you’re living within or beyond your means.
56. Should I Play it Safe?
October 01, 2021 12:17 - 15 minutes - 14.8 MBIn today’s episode I dive into how to know if we are playing it too safe in life and in investing.
55. Bringing Calm to Your Life
September 24, 2021 12:23 - 24 minutes - 22.2 MBIn today’s episode I discuss a listener question about 401k’s, reflect on my trip to Alaska and discuss ways to bring calm to our lives.
54. Inflation-Proof Your Life
September 17, 2021 12:20 - 24 minutes - 22.7 MBIn this episode I tackle a listener question and then dive into different strategies we can use to inflation-proof our life.
53. Lazy Investing is the Best Investing
September 10, 2021 12:54 - 14 minutes - 13.7 MBIn today’s episode I present a compelling case as to why lazy investing is a superior way to invest.
52. Experiences Over Things
September 03, 2021 14:55 - 15 minutes - 13.9 MBIn today’s episode I explore why I value experiences more than possessions or things.
51. The Cost of Clutter
August 27, 2021 01:02 - 18 minutes - 17 MBWe get to dive into how clutter affects our lives as well as discuss a friends investing portfolio. https://www.lifespleasuresandstruggles.com/2020/10/14/the-real-cost-of-clutter-in-your-life/?fbclid=IwAR0fOuVklLp7heIwxw0deIqnd-_86HJhK-wsrX3FUtZdVfjJp9rqzPyHilk
50. Dunbar’s Number
August 20, 2021 12:25 - 8 minutes - 7.62 MBHave you heard of Dunbar’s number? Take a listen to this episode and learn what it is. https://en.m.wikipedia.org/wiki/Dunbar%27s_number
49. The Yard
August 13, 2021 12:28 - 15 minutes - 14.7 MBToday I talk about the many parallels between keeping a yard beautiful and keeping our personal finances looking great.
48. Stoicism
August 06, 2021 12:28 - 16 minutes - 15.3 MBIn today’s episode I talk about stoicism and how we can use this philosophy to live a richer life. https://www.holstee.com/blogs/mindful-matter/stoicism-101-everything-you-wanted-to-know-about-stoicism-stoic-philosophy-and-the-stoics
47. Avoiding Burnout
July 30, 2021 12:20 - 18 minutes - 17.6 MBAre you feeling spent, stressed or burned out? Today I tackle how to avoid burnout in the workplace as well as in life.
46. Credit Card Rewards
July 23, 2021 12:17 - 16 minutes - 15.1 MBIn today’s episode I talk about four credit cards that you could consider using. These cards offer great rewards to those who are eligible, especially those hoping to do some travel in the cheap.
45. Why Boring is Good
July 16, 2021 12:51 - 15 minutes - 14.7 MBDo you sometimes wonder why you do everything you do and why you’re so busy? If so this episode is for you. We explore why busy is not necessarily always a good thing and how to reclaim your schedule and your life.
44. The Pursuit of More
July 09, 2021 12:28 - 13 minutes - 12.9 MBHave you ever believed that if you could make just a little more money you’d be happier or if you could have more material possessions life would be easier? More isn’t always better and in this episode we explore why.
43. The Many Ways to Save
July 02, 2021 12:24 - 20 minutes - 19.2 MBToday we answer a listener question from Andrew on the difference between index funds and ETF’s. We then dive into explaining 401k’s, 403b’s, Roth IRA’s, Traditional IRA’s, SEP’s, 457’s, HSA’s, and Solo 401k’s,
42. 7 Ways to Budget
June 25, 2021 12:08 - 19 minutes - 17.9 MBIn this episode I answer a listener question from Dan as well as discuss 7 options for budgets.
41. Rent or Buy?
June 18, 2021 12:49 - 17 minutes - 15.7 MBWe tackle the often controversial “rent vs buy” in this episode.
40. Listener Questions and Inheritance Considerations
June 11, 2021 12:46 - 17 minutes - 16.3 MBIn today’s episode I dig into two listener questions submitted by Boyd and Leo. I then discuss some important things to think about when getting an inheritance.
39. Why Diversification Really Matters
June 04, 2021 14:13 - 18 minutes - 17.5 MBDiversification can save your bacon. In this episode I explain why that is as well as answer a listener question on whether or not to include international funds in your portfolio.
38. The Case for Index Funds
May 28, 2021 12:29 - 15 minutes - 14.3 MBDo you hate paying more for things than you should? If yes, than this episode is for you! I discuss why index investing is supreme to active management.
37. The Pareto Principle
May 21, 2021 12:37 - 16 minutes - 15.4 MBHave you heard of the Pareto Principle? In this episode we take a deep dive into how this principle applies to your life!
36. Should I Put Money into Insurance Products?
May 14, 2021 12:35 - 18 minutes - 17.2 MBHave you ever been sold whole life insurance or an annuity? In this episode I give my opinions on these products as well as discuss investing and insurance.
35. Perfect is the Enemy of Good
May 07, 2021 12:27 - 15 minutes - 14 MBPerfection should not be the goal. Keeping investing simple provides outstanding results as illustrated in this episode.
34. The Sloth and the Ant
May 01, 2021 01:40 - 16 minutes - 15.6 MBWe just returned from Costa Rica. I watched ants and sloths and discovered some interesting things. I discuss them in this episode.
33. Why Debt Sucks
April 24, 2021 01:43 - 19 minutes - 17.9 MBAre you up to your eyeballs in debt? Are you debt-free? Are you somewhere in between? In this episode I give a clear explanation as to why debt is very lame and how living financially free is the way to go.
32. Minimalism and Money
April 16, 2021 12:18 - 16 minutes - 15.3 MBIn this episode I dive into the beautiful connection between and money.
31. Ruthless Elimination
April 09, 2021 13:02 - 18 minutes - 8.76 MBIn today’s episode I cover 8 areas to consider in our quest of ruthless elimination.
30. The Silent Millionaire
April 02, 2021 12:18 - 17 minutes - 15.8 MBIn this episode I give a book recommendation (We’re Talking Millions by Paul Merriman) and also share some findings from the book The Millionaire Next Door by Dr. Thomas Stanley and William Danko. I share the traits of these “silent millionaires” and discuss how we can achieve these same results.
29. Saving for Freedom
March 26, 2021 12:23 - 26 minutes - 24.8 MBIn this episode I answer a listener question on actively managed mutual funds in his 401k. I provide a book recommendation (the Bogelheads Guide to Investing). I also share information from the SPIVA report comparing actively managed mutual funds to index investing. I then talk about financial independence and why saving for freedom is amazing. Lastly I share JD Roth’s 6 stages of financial freedom (getrichslowly.com). You’ve got to tune into this episode!
28. How to Become Wealthy on a Low Income
March 19, 2021 12:26 - 20 minutes - 18.7 MBIn this episode I discuss some simple strategies to become wealthy on a low income.
27. Is the Emergency Fund Overrated?
March 12, 2021 15:57 - 25 minutes - 23.6 MBIn this episode I answer listener questions from Joe and Dan about penny stock “investing” and dollar cost averaging versus lump sum investing. I then discuss the things you really need to know about an emergency fund. https://investor.vanguard.com/emergency-fund/. https://www.prudential.com/financial-education/6-emergency-fund-benefits
26. 13 Reasons Why I Invest 100% in Stocks
March 05, 2021 13:33 - 23 minutes - 22 MBIn this episode I share my reasoning behind my choice to invest my portfolio 100% in stocks. I also answer a listener question on how to transfer funds from one brokerage to another.
25. Enjoy Today While Preparing For Tomorrow
February 26, 2021 13:28 - 22 minutes - 21.2 MBIn this episode I share a personal experience we had with middle son that taught us many life lessons including the importance of enjoying life in the moment. I also discuss the importance of finding a balance between preparing for the future and living in the moment.
24. Why Are You Acting Rich?
February 19, 2021 13:55 - 14 minutes - 13 MBIn this episode I dive into some of Dr Thomas Stanley’s work about happiness and money. I talk about the links that bind wealth and happiness. I also review a insightful article by Joshua Becker about judging based on physical appearance. “Stop Acting Rich” by Thomas Stanley; “Don’t Judge by External Appearance” by Joshua Becker
23: Why Less is More
February 12, 2021 13:44 - 19 minutes - 18.4 MBIn this episode I discuss different examples of how too many choices actually reduces happiness while fewer choices can increase happiness.
23. Why Less is More
February 12, 2021 13:44 - 19 minutes - 18.4 MBIn this episode I discuss different examples of how too many choices actually reduces happiness while fewer choices can increase happiness.
22. Why I Hate Day Trading and Individual Stock Investing
February 05, 2021 02:38 - 28 minutes - 26.6 MBIn this episode we explore why I prefer index investing over day trading and buying individual stocks. I also explain the craziness in the market regarding GameStop and what it means to sell a stock short. I also explain why I don’t like Robinhood.
21. 41 Simple Ways to Save Money
January 29, 2021 13:48 - 28 minutes - 26.5 MBIn this episode we take a deeper dive into simple and effective ways to save money and create margin in our lives.
20. Credit Cards- Yea or Nay?
January 22, 2021 13:38 - 19 minutes - 18.2 MBIn this episode we dive into the pros and cons of having credit cards. We also explore how a credit score is calculated.
19. Tilting and the Target Date Fund
January 15, 2021 13:48 - 27 minutes - 25.7 MBIn this episode we take a deeper dive into learning about tilting a portfolio and the Target Date Fund. https://investor.vanguard.com/investing/how-to-invest/impact-of-costs https://repository.upenn.edu/prc_papers/573/ www.fidelity.com www.paulmerriman.com
18. How to Avoid Lifestyle Creep
January 08, 2021 16:25 - 22 minutes - 21.1 MBIn this episode we dive into ways to avoid lifestyle creep. @personalfinanceclub www.money guy.com
17. Me versus Dave Ramsey
January 01, 2021 01:30 - 23 minutes - 21.8 MBToday’s episode is a fun one. We explore Dave Ramsey’s philosophy versus mine. We agree on most things but not on all. Check out this podcast to find out our similarities and our differences!
16. Holiday Money
December 24, 2020 18:12 - 18 minutes - 16.9 MBIn this episode we explore some cool tips around keeping stress low during the holidays and making sure we don’t break the bank.