Above Average Dollar

JV Jones and YourPalSal discuss the effects liabilities have on your risk taking.

Anybody who has gone through the process of getting a loan knows the first thing they want to know is what your assets are, and then after that, what your liabilities are. If you have no liabilities, they then ask about risks you may have. The reason they do this is because you can only take on risk as long as you have enough assets to absorb the negative outcome of that risk.

JV Jones and YourPalSal discuss the extensive cost of being particular in your purchases and in life. Debt free or not, being too picky can cost you money and time that could be spent doing financial planning or making more money in a side hustle.  Ease up your pickiness and make your life much simpler by not being so particular, at least when it matters the least.

JV Jones and YourPalSal Learn The Magic Of Compound Interest

Interested in earning higher returns than just 5% to 6%? Well, compound interest is the secret. In fact, compound interest is the magic that makes it possible. Learn what compound interest is and how it works in this podcast.

JV Jones and YourPalSal discuss credit score, how its determined and when you should and should not worry about it.

The credit score has become a big deal in the US. But it's not the only factor in determining how easy, cheap or difficult it is to get things done in life. It's one of many factors and often not even the most important one.

The financial advice industry is filled to the brim with products and services that promise financial independence. The problem is that most of these are just sales pitches with little substance. In this episode, we’ll look at some of the most popular gurus in the industry and look at their actionable advice.

JVJones and YourPalSal discuss how they form and keep habits.

Here is a good article from Trent on different 30 day habits

https://www.thesimpledollar.com/save-money/the-power-of-the-30-day-challenge-ten-challenges-that-can-improve-your-finances-this-month/

JV Jones and YourPalSal discuss why you should be focused on not just taxes that the government takes, but you should also be taxing yourself to get out of debt and have financial independence quicker.

Show Links

https://www.valuepenguin.com/average-household-budget 

https://www.census.gov/library/stories/2019/09/us-median-household-income-up-in-2018-from-2017.html

JVJones and YourPalSal discuss giving and how it relates to your debt free process.

In this episode JV Jones and YourPalSal take on facing fears, and identifying worst case scenarios.

YourPalSal and JVJones discuss what the F.U. money is all about.  We also enjoy a few special characters that wanted to share their insite on F.U. Status

Discussed Websites

https://youtu.be/y6yCmdIkw_E

https://www.fundable.com/learn/resources/guides/startup/funding-your-startup

https://youtu.be/65GPcar5pqM