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Extreme Personal Finance Show
Extreme Personal Finance Show episodes
- Why Health Savings Accounts Are the Ultimate Tax-Advantaged Investment Tool | 039
In this episode we talk about Health Savings Accounts, or HSA. They are one of the most powerful financial tools for managing healthcare costs while unlocking some serious tax advantages. Whether you're navigating medical expenses or planning for the future, an HSA is more than just a savings accountâit's a triple-tax-advantaged juggernaut that also doubles as an investment vehicle. This is one of the accounts I was contributing to as I was fast tracking my way to financial independence.
Contact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
Resources and Links:
What is a Health Savings Account (HSA) and Why It Rocks!
https://heavymetal.money/hsa/
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
29 min - High-Paying Trade Jobs That Don't Require a College Degree | 038
The trades, across many industries, are currently facing a significant shortage of skilled workers. Trades jobs such as plumbers, electricians, carpenters, as well as HVAC technicians are in high demand. A report by the NAOB, 77% of contractors are struggling to find workers. Demand for skilled tradespeople is outpacing supply. The U.S. Bureau of Labor Statistics projects a 10% growth rate for HVAC technician jobs and a 9% growth rate for electricians through 2030, which is faster than the average for all occupations.
Web Developer - https://www.bls.gov/ooh/computer-and-information-technology/web-developers.htmElevator &
Escalator Tech - https://www.bls.gov/ooh/construction-and-extraction/elevator-installers-and-repairers.htm
Air Traffic Controller - https://www.bls.gov/ooh/transportation-and-material-moving/air-traffic-controllers.htm
Nuclear Tech - https://www.bls.gov/ooh/life-physical-and-social-science/nuclear-technicians.htm
Dental Hygienist - https://www.bls.gov/ooh/healthcare/dental-hygienists.htm
Diagnostic Medical Sonographers - https://www.bls.gov/ooh/healthcare/diagnostic-medical-sonographers.htm
Aerospace Tech - https://www.bls.gov/ooh/architecture-and-engineering/aerospace-engineering-and-operations-technicians.htm
Police or Detective - https://www.bls.gov/ooh/protective-service/police-and-detectives.htm
Occupational Therapy Assistant - https://www.bls.gov/ooh/healthcare/occupational-therapy-assistants-and-aides.htm
Wind Turbine Technician - https://www.bls.gov/ooh/installation-maintenance-and-repair/wind-turbine-technicians.htm
Electricians - https://www.bls.gov/ooh/construction-and-extraction/electricians.htm
Plumbers - https://www.bls.gov/ooh/construction-and-extraction/plumbers-pipefitters-and-steamfitters.htm
Surgical Technologist - https://www.bls.gov/ooh/healthcare/surgical-technologists.htm
LPN - https://www.bls.gov/ooh/healthcare/licensed-practical-and-licensed-vocational-nurses.htm
Hearing Aid Specialist - https://www.bls.gov/oes/2023/may/oes292092.htm
HVAC Tech - https://www.bls.gov/ooh/installation-maintenance-and-repair/heating-air-conditioning-and-refrigeration-mechanics-and-installers.htm
Fire Fighter - https://www.bls.gov/ooh/protective-service/firefighters.htm
Real Estate Agent - https://www.bls.gov/ooh/sales/real-estate-brokers-and-sales-agents.htm
Carpenter - https://www.bls.gov/ooh/construction-and-extraction/carpenters.htm
Sound Engineer - https://www.bls.gov/oes/2022/may/oes274014.htm
Solar Tech - https://www.bls.gov/ooh/construction-and-extraction/solar-photovoltaic-installers.htm
Contact Chris:
email: chris at heavymetal.money
Resources and Links:
High-Paying Trade Jobs and Careers That Donât Require a College Degree - https://heavymetal.money/tradejobs/
Do You Need To Go To College - https://heavymetal.money/using-a-degree-in-bs-to-get-ahead/
Pay Less For Two-Year Degrees That Can Make You Bank - https://heavymetal.money/twoyeardegree/
Free Tuition in Minnesota: Unveiling the North Star Promise - https://heavymetal.money/northstarpromise/
Movie: Fall
https://www.imdb.com/title/tt15325794/?ref_=ext_shr_lnk
Apple Hearing Aid Feature - AirPods Pro 2
https://youtu.be/EvnJhwIwqds?si=-SYDs1__-
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
43 min - How to Avoid the Sunk Cost Fallacy and Stop Throwing Good Money After Bad | 037
The sunk cost fallacy is a common psychological trap that affects our decision-making processes, often leading us to throw good money after bad or continue with unproductive endeavors simply because weâve already invested time, money, or effort. Understanding this fallacy is crucial for making better decisions in many areas of life, including things like reading a book, finishing a movie, relationships, finances, and investments. This post delves into the sunk cost fallacy, explains why we fall for it, and provides examples to help you recognize and avoid it.
Contact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
Resources and Links:
https://heavymetal.money/sunkcost/
Quit by Annie Duke
https://amzn.to/4j6Vsoh
Please Like, subscribe and share wherever you get your podcasts and on YouTube!Â
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
26 min - How to Create Purpose and Live a Fulfilling Life with Dr. Jordan Grumet | 036
This is an extra EXTREME show today, Iâm thrilled to be joined by Dr. Jordan Grumet or Doc G, author of the new book The Purpose Code. In it, Doc G shifts our focus from chasing massive, often overwhelming goals to finding the everyday actions and personal passions that spark genuine joy and build lasting fulfillment.
In our discussion, we dive into how generational trauma, money scripts, and negative patterns can obscure our sense of purposeâand more importantly, how we can break free. Dr. Grumet also shares strategies like life reviews, therapy, and simply experimenting with new activities to discover your unique path. If youâre ready to make small but powerful changes toward a happier and more meaningful life, you wonât want to miss this conversation. LFG!
Contact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
Resources and Links:
About Dr. Jordan Grumet
https://jordangrumet.com
Earn and Invest Podcast
https://www.earnandinvest.com/episodes-9
Order His Book, The Purpose Code Today!
https://amzn.to/3BOJnn0His previous book, Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life
https://amzn.to/4gDfULK
Leave Doc G a Voicemail:
https://www.speakpipe.com/EarnandInvest
Doc Gâs CampFI Presentation - 3 Paths to FI and Finding You Purpose:
https://youtu.be/zkXmsIE3iq8?si=Wc36X8XsRrihTIFZSubscribe to Jordanâs Substack
https://jordangrumet.substack.com/subscribeStacking Benjamins Podcast
https://www.stackingbenjamins.com/listen/Please Like, subscribe and share wherever you get your podcasts and on YouTube!Â
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
20 min - How to Avoid Impulse Spending and Stop Wasting Money | 035
Weâve all been there. We walk past an end cap, or walk up to the checkout at the store, you think to yourself, âOh I could use this snack!â Or, this product will make my life easier! Itâs no fluke! Itâs not happenstance. Retailers and marketers work really hard to get you to spend more. This leads to impulse purchases, or impulse spending.
Impulse spending is a common financial problem that many people struggle with. Including me! My kryptonite is walking into my local Menardâs. I go there for a new chain for my chainsaw. There is only one thing on my list. I need to process a fallen tree from a recent storm. However, as we walk in, we are slapped in the face with this isle littered with eye-catching products and screaming flash deals! We see insane âdealsâ on snacks, candy, electronics, seasonal items. (currently fireworks as we approach the 4th of July), and marked-down or clearance products. This is in hope to get customers to buy these things impulsively. Impulsive spending, or purchasing Is the act of making unplanned purchases without considering the long-term effects on your budget and financial health. Whether itâs grabbing an extra item at the checkout line or splurging on so many different products during a sale, impulse spending can quickly derail your financial goals. Weâll try and explain what impulse spending is, why it happens, and provide practical strategies to help you avoid it.
Contact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
Resources and Links:
https://heavymetal.money/impulsespending/
Please Like, subscribe and share wherever you get your podcasts and on YouTube!Â
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
32 min - What is the 4% Rule and Why It Matters for Retirement Planning | 034
Planning for retirement is a wicked big decision! Right?! It can be one of the biggest things we plan for in our lives. However, the biggest unknown we have while planning is how to know how much money we need in retirement. How much money do we need invested for us to continue to live our meaningful and purposeful lives while in retirement? If we attempt to calculate how munch money we need in retirement weâll most likely come across something called the 4% rule.
Chris and Dan talk about this simple guideline for figuring out how much money you can take out of your retirement savings each year without running out. This money you take out is often referred to drawdown. So we sometimes ask the question, âwhat is our drawdown strategy.â This is the process of calculating how much money we can take out of our savings or investments. But what actually is the 4% rule, where did it come from, and how can you rock this rule to make your own retirement plan? Letâs break it down!
Contact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
Resources and Links:
Memento Mori
https://youtu.be/b5Vekgt0YgE?si=GDPSAeRiPIwptvQu
https://heavymetal.money/fourpercent/
Please Like, subscribe and share wherever you get your podcasts and on YouTube!Â
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
35 min - How to Review Your Finances and Start the New Year Strong | 033
At the yearâs end it can be a good time to review our finances and see how things have been going with your money. Itâs also a wonderful time get ready for a strong start to the coming new year.
In this episode Dan and Chris discuss how personal finance isnât just about saving money. Itâs also about planning, setting goals, and making smart decisions that will help you in the long run. Whether we want to save more, pay off debt, or invest in the future, here are some top financial moves to make as the year endsâand how to help set us up for success in the new year.Contact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
https://heavymetal.money/yearend/Please Like, subscribe and share wherever you get your podcasts and on YouTube!Â
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
29 min - How Much Do You Need to Earn to Feel Financially Successful | 032
How do you measure success? How do you measure financial success. Is it how much you make? Is it your net worth? Is it how much free time you have? How much would you have to earn to feel you are âsuccessfulâÂ
Chris and Dan jam through some of these questions and some data from a recent report that claims those born between 1997, and 2012 feel they need over a $500k salary to be what they feel are successful.Â
Contact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
Resources and Links:
https://www.empower.com/the-currency/money/secret-success-research
https://heavymetal.money/genzsalary/
Please Like, subscribe and share wherever you get your podcasts and on YouTube!Â
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
46 min - Term vs Whole Life Insurance: Which Policy Is Better for Your Financial Plan | 031
Life insurance is one of those things we should include for a solid financial plan. These can give you peace of mind. You know your family and loved ones will be taken care of if something happens to you.
This episode Dan and Chris jam through some of differences between whole life vs term policies, and why Whole Life Insurance can be good for High Net Worth IndividualsContact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
Resources and Links:
https://heavymetal.money/lifeinsurance/
Please Like, subscribe and share wherever you get your podcasts and on YouTube!Â
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
38 min - How to Be Effective vs Efficient With Your Financial Goals | 030
In this episode we talk thought the differences between being effective and being efficient, and how it relates to your financial goals!
These two concepts are not the same. Letâs break them down, and better understand what it means to be both efficient and effective. Especially when it comes to our financial goals.Â
Efficiency: Being efficient is about doing things right. It means getting the most out of your resources with the least waste. For example, automating your savings or optimizing your budget can help you save money efficiently.
Effectiveness: Being effective is about doing the right things. It means achieving your goals and desired outcomes. But this can even mean by using more resources. For instance, saving for retirement or investing wisely can help you achieve your financial goals effectively.
Contact Chris:
https://heavymetal.money
â https://www.facebook.com/MoneyHeavyMetalâ
https://x.com/MoneyHeavyMetal
â https://www.instagram.com/chrislugerâ
â https://www.tiktok.com/@heavymetalmoneyâ
email: chris at heavymetal.money
Contact Dan:
email: dan at corepln.com
https://www.corepln.com/dan-hine
Resources and Links:
https://heavymetal.money/efficient/
Please Like, subscribe and share wherever you get your podcasts and on YouTube!Â
Contact Chris:
https://heavymetal.moneyhttps://www.instagram.com/heavy_metal_money/
https://www.youtube.com/@heavymetalmoney
https://www.facebook.com/chrisluger
email: chris at heavymetal.money
24 min
About Extreme Personal Finance Show
From the publisher's feed
Personal finance doesn't have to be boring. We refuse to let it be.
The Extreme Personal Finance Show is where financial independence meets a crushing guitar riff. I'm Chris, earlyâŚ
retiree, tech guy, and lifelong metalhead. I built this show for people who wanna take control of their money and their lives!
We cover everything from building wealth, killing debt, investing for the long haul, side income, real estate, retirement planning, and the mindset shifts that make all of it actually stick. No filler, no BS, no 47-minute intros.
Each week I sit down with brilliant guests from the FIRE movement and beyond. These people who've cracked the code and are generous enough to share it. Plus solo episodes where I break down the stuff nobody talks about at the dinner table but everybody needs to hear.
This isn't your parents' money podcast. Strap in and hold on tight!Â
HORNS UP! đ¤đ¤