Tim and Troy briefly reflect upon the past 50 weeks of serving up Catching The Coin and The Lighter Side on this final episode and talk about the transition to the new podcast—Faith and Finances.

• What we've learned and what our listeners may have learned.
• Re-visiting our personal favorite episodes
• How to find and follow us on our new podcast

• Go and listen to our new podcast over at Faith and Finances, of course.

If you have a question or comment about today's topic, we invite you to share your thoughts.

We've heard that for years people are living longer!

Now we are noticing a new phenomenon of older people who actually want to keep working.

Today we review an article written by Linda Marsa, posted on Nautil.us, entitled "Retiring Retirement".

• The aging of America is not the crisis that is often portrayed in the media or even in scholarly papers.

  • “Today’s seniors are healthier, better educated, and more productive than ever,” Richard Johnson says. “The challenge we face is finding ways to harness their talents.”

• There have always been people who defy society’s expectations: Jimmy Carter, 91; Bernie Sanders, 74; George H.W. Bush, 91
• With medical and technological breakthroughs we can reach our older years in better health than previously expected
• Our own thoughts of working into our 70's and 80's. Will Troy become an astronaut? Will Tim recite poetry in a beatnik coffee shop? Tune in to find out!

• Source Article—Retiring Retirement
• Older People Are Happier—Ted Talk
• "Unretirement: How Baby Boomers are Changing the Way We Think About Work, Community and the Good Life" by Chris Farrell [Affiliate Link]

• While we normally advocate investing for your future, we challenge you today to invest in your health. For a healthier (and less expensive) life in your later years, combine regular exercise with responsible eating habits.

If you have a question or comment about today's topic, we invite you to share your thoughts.

Rules! Who actually gets excited about following rules?

Today we review 10 Money Rules that you really should be following.

• Good old standards like:
  • Live below your means
  • Pay yourself first
  • Treat your retirement funding like a regular bill
• The how's and whys for saving to make purchases, avoiding debt, and daring to be different than the over-spending, non-saving crowd

• Source Link
• Richest Man in Babylon, by George Clayson [Affiliate Link]

• Pause for a moment and take a personal, financial inventory. How would you grade yourself on these 10 Rules? Which rules have you resisted or rejected? Which can you start applying to your financial world today?

If you have a question or comment about today's topic, we invite you to share your thoughts.

It's nostalgic to look back at the past decades and notice the outdated trends and technology that no longer exist.

Yet, when it comes to financial advice; it's disturbing to learn just how many beliefs and teachings still abound that are clearly outdated.

Today, we review a blogpost on TheSimpleDollar titled, "Outdated Financial Advice".

• Financial beliefs and advice that are still alive and kicking, but should be let out to pasture, like:

• • "Depend on your husband's income"

  • "Find a solid company and work there until you retire"

  • "Everyone should attend college immediately after High School"

  • "You should buy as much home as you can afford"

  • "Always use a Debit card instead of Cash"

• Outdated Financial Advice

• Ask yourself when reading or receiving financial advice: "Is this true for my financial needs today?"

If you have a question or comment about today's topic, we invite you to share your thoughts.

The poverty line for a family of three is $20,090 a year. The median household income in America is $53,657. Politicians draw $250,000 as the line between the middle and upper classes. And the true starting point of real wealth remains a cool $1,000,000.

Esquire magazine asked four more or less typical men, each of whom earns one of these incomes, to tell them about the lives they can afford.

Tim and Troy re-enact the interviews and discuss the results…

• The benefit of having and maintaining a household budget

• The irony of higher earners who do not despise their income tax rates

• America offers a system that provides equal opportunity, not equal reward

• Esquire Article

• Take a close look at where every dollar in your household is going. Assign a budget to the controllable expenses.

If you have a question or comment about today's topic, we invite you to share your thoughts.

Sprichst du Deutsch? We don't sprichst German either (although we've been known to spritzen some lime into our water).

Do you speak Financial Jargon? We do! We are going to explain some of the most misunderstood terms in the money realm.

• The meanings, in plain English, of such terms as:
  • 401(k)
  • IRA
  • Net
  • FICO score
  • Unrealized Gains/Loss

• Financial Jargon Decoded
• Common Stock Market Jargon Explained

• Review these terms to increase your comfort level of understanding. Never hesitate to ask for clarity when speaking with a financial professional.

If you have a question or comment about today's topic, we invite you to share your thoughts.

Prognosticators have been making their predictions since long

What is a Prognosticator? Someone who makes predictions and

If you have a question or comment about today's topic, we invite

Today we address a question that comes up often as

In This Episode We Look At:

What are MLMs, and why do they often carry a negative

Are there legitimate MLMs and do they work?

Our suggestions for those wanting to jump in

Today's Resources and Links:

Best

One Thing You Can Do Today to Improve Your Financial

Take some time and consider products or services that

What Are Your Thoughts?

If you have a question or comment about today's

"This is not your father's retirement!"

Today's focus of retirement is shifting from deadline-oriented planning (retire at 65) to longevity in the workplace with more mobility (work as long as I feel productive, but on my terms).

In This Episode We Look At:

Today's Resources and Links:

One Thing You Can Do Today to Improve Your Financial World:

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.

Tim and I were talking about this episode and I got to thinking about an Internet meme that I saw on Facebook. It was a cute cat waiting to be petted with the caption, "I really want you to pet me, but I also kinda want to bite you." See Below, lol.

That pic really sums up the duality of our human nature in that our short-term goals normally conflict with our long-term goals. We really want to accomplish both, but they rarely intersect in practical ways without some serious lifestyle planning.

Hence the title, "Ice cream and Saving Money"; we speak about what that means on a very practical level. "I want to be healthy and fit, but I really want ice cream." "I want to financially independent in my retirement years, but I want a new car and bigger house." And of course, "I really want you to pet me, but I also kinda want to bite you."

In This Episode We Look At:

Why "may the best one win" might be ok for battling ice cream cravings, but that attitude won't cut it for retirement saving

How blind spots and bad inputs can wreck your path to financial health

The importance of having reasonable expectations and timeframes with your lifestyle changes. Stay Focused!

Today's Resources and Links:

One Thing You Can Do Today to Improve Your Financial World:

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.