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Extreme Personal Finance Show
Extreme Personal Finance Show episodes
- What Kids Really Think About Money and Spending | 048
Kids say the darnedest thingsâŚabout money. What might become a regular segment on the show in which we find a kid and talk to them about money. I had talked to my friend, and we thought maybe it might be fun to talk to her son about money. We could ask fun or some basic questions and see what he knows about personal finance. This was great fun, and I really enjoyed talking with this insightful 12-year-old about saving, spending, and managing money! What are your thoughts? How do you have regular money discussions with your children?Â
Contact Chris:
https://heavymetal.money
https://www.facebook.com/MoneyHeavyMetal
https://x.com/MoneyHeavyMetal
https://www.instagram.com/chrisluger
https://www.tiktok.com/@heavymetalmoney
email: chris at heavymetal.money
Resources and Links:
https://heavymetal.money/smartkids/
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
27 min - How to Downgrade Your Lifestyle for One Year to Achieve Financial Independence Forever | 047
Jim Carrey once said: "If you're not willing to downgrade your lifestyle for a year to have a lifestyle you want forever, you care too much what other people think."
In this solo episode I wanted to talk about to live the life you want forever, you may need to cut out discretionary spending, and downgrade your life for a short period of time. But then you can reap the rewards later in life.ÂI look at some of reasons why Iâm willing to forgo some concerts, trips or eating out for a years while I focus on a new commercial real estate investment opportunity.Â
Contact Chris:
https://heavymetal.money
https://www.facebook.com/MoneyHeavyMetal
https://x.com/MoneyHeavyMetal
https://www.instagram.com/chrisluger
https://www.tiktok.com/@heavymetalmoney
email: chris at heavymetal.money
Resources and Links:
https://heavymetal.money/commercialrei/
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
22 min - In Loving Memory | Our Friend Dan Hine 1980-2025
HINE Daniel L., Age 44, of Stillwater, MN Passed away on February 26, 2025,Â
Dan is not only a fellow Stacker and member of the personal finance community offering guidance and advice to anyone that asked, he is a trombonist with the Marine Corps., the Army, and the 34th Infantry Division Band in the Minnesota National Guard.
He is a lifelong science fiction fan, outdoor enthusiast, and as we know advocate for financial literacy.Â
He loves running, hiking, and keeping his cats, George & Lucas, in check. Above all he was a devoted husband and father, a beloved son and brother, and a much respected military man.
He will be remembered for his âphotogenicâ expressions and Hawaiian shirts.
Letâs now take a few minutes and celebrate DanContact 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
2 min - Are You Hiding Money From Your Partner? Why Financial Transparency Matters | 046
As you may have heard, money can be a cause of fights or arguments among couples. Money can be a cause of conflict or be real deal-breaker in relationships. But, it doesnât have to be! When you and your partner are on the same page financially, it makes your relationship awesome, stronger and sets the groundwork for a successful, rewarding and fun future. Whether youâre planning for big life changes or just dealing with those everyday expenses, having an open and honest chat about money is super important.
In this episode Iâll talk about one thing Iâve learned in the class is the importance of being on the same page with your spouse or partner in terms of finances. Regardless if you share banks accounts or not. It is important to be open honest and in alignment with each other on what each of you value or what you find important.
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
Resources and Links:
https://heavymetal.money/samepage/
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 - What to Do During a Stock Market Decline: Stay Focused and Avoid Panic | 045
Waking up to the doom and gloom of the headlines and news that the US Economy is in a downward spiral reminds me that we should review some of the principles of why we need to stay focused, avoid our gut reactions and keep on keeping on.
This episode we look at our natural reaction to act upon this. Itâs an emotional thing to want to move our money out of these funds that may have declined. However, we are strong. We are determined. We are the ones that are investing for the long-term, and are focusing years in the future.ÂContact Chris:
https://heavymetal.money
https://www.facebook.com/MoneyHeavyMetal
https://x.com/MoneyHeavyMetal
https://www.instagram.com/chrisluger
https://www.tiktok.com/@heavymetalmoney
email: chris at heavymetal.money
Resources and Links:
https://heavymetal.money/how-to-invest-during-a-decline/
https://www.cbsnews.com/news/online-trading-downdetector-charles-schwab-fidelity/
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
25 min - How to Calculate the True Cost vs Price of Everything You Buy | 044
When shopping for things we often talk about the cost of something⌠but really what we are doing is comparing the Price.  Itâs interesting, the price is what we pay for a good or service, while the cost can be the actual or perceived value over time, of the lifetime of the product or service we are exchanging for money.
In this episode we look at some examples and things to think about when buying things to compare the cost vs price or value over time.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://heavymetal.money/pricevscost/
Book - Die With Zero
https://amzn.to/3XggQy0
Book - The Latte Factor
https://amzn.to/3D9Ks9B
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 - Why Credit Scores Matter and When You're Too Obsessed With Them | 043
Are we Too obsessed with Credit Scores? In this episode we discuss Credit scores, particularly FICO scores, are numerical representations of creditworthiness, calculated using factors like payment history and credit utilization.
While not universally required, good credit can significantly impact various aspects of life, from mortgage rates to insurance premiums. Responsible credit management, including timely payments and low utilization, is key to building and maintaining a healthy credit score.
Your FICO score ranges from 300 to 850 and is calculated using five main factors:
1. Payment History (35%): The heavyweight champion of your score
2. Credit Utilization (30%): How much of your available credit youâre using
3. Length of Credit History (15%): Your credit age matters
4. Credit Mix (10%): Different types of credit accounts
5. New Credit (10%): How often you apply for new credit
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/creditscores/
Jurassic World: Rebirth trailer
https://www.youtube.com/watch?v=jan5CFWs9ic
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
36 min - Debt Snowball vs Avalanche Method: Which Debt Payoff Strategy Works Best | 042
According to a LendingTree report total credit card balance is now over $1.166 trillion! Over 47% of those in the US carry a credit card balance. Gulp! with an average interest rate of 22.8%! Yuk!Â
In this episode we talk about some debt paydown methods, how they work and how they approach the problem from different psychological angles.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:
Snowball vs. Avalanche: Which Debt Payoff Method Rocks Harder?
https://heavymetal.money/debtpaydown/
New Legislation on Medical Debt and Its Impact on Credit Scores and Reports
https://heavymetal.money/medical-debt-and-its-impact-on-credit-scores-and-reports/
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 Pay for College Without Student Loan Debt | 041
Paying for college doesnât have to be a financial nightmare! In this episode we talk about some of the ways to cover the cost without drowning in student loans.
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:
A Path to Free College for Those Who Serve With The Post-9/11 GI Bill
https://heavymetal.money/gibill/
Free Tuition in Minnesota: Unveiling the North Star Promise
https://heavymetal.money/northstarpromise/
Pay Less For Two-Year Degrees That Can Make You Bank
https://heavymetal.money/twoyeardegree/
High-Paying Trade Jobs and Careers That Donât Require a College Degree
https://heavymetal.money/tradejobs/
Econome Session - Chris Corinthian: How to Pay for College Without Student Loans
https://youtu.be/4-SR8PN5Jiw?si=6AUGtQ2AOlyZHv52
Scholly has made $30 million in revenues since starting up and supported over 5 million users. The deal with Sallie Mae also has allowed the company to distribute the app for free; it used to cost $2.99 a month.
https://www.sallie.com/scholarships/scholly
Scholarships
- Scholarships are the best way to pay for college because they donât need to be repaid.
- Many scholarships are merit-based (for academics, sports, arts, etc.), but others are awarded for unique skills, interests, or even random qualifications.
- Where to find them:
- Fastweb.com, Scholarships.com, and the College Boardâs Scholarship Search.
- Local businesses, nonprofits, and religious organizations often offer scholarships.
- Many schools automatically consider students for merit scholarships upon application.
Post 9/11 GI BillÂ
The Post-9/11 GI Bill offers a substantial list of benefits, making it a wicked-awesome opportunity to obtain low-cost, or perhaps FREE college education! Hereâs a breakdown of what it covers:
- Tuition and Fees (Full Coverage at Public Colleges and Universities): If you attend a public college or university, the Post-9/11 GI Bill provides 100% coverage for tuition and mandatory fees. If you attend a private or foreign school, the GI Bill can cover up to $27,120 per year (as of 2024). If your chosen school exceeds this amount, you may still receive additional funding through the Yellow Ribbon Program, which will be explained in more detail below.
- Housing Allowance (BAH â Basic Allowance for Housing): While enrolled in school, you receive a monthly housing allowance based on the local cost of living. If youâre taking online-only courses, youâll still receive some money for housing, but itâs approximately half of the full-time student rate.
- Money for Books and Supplies: Youâre allocated up to $1,000 per year to cover textbooks and school supplies. This money is directly deposited into your account, allowing you to purchase the necessary materials for your classes.
- Job Training and Certification Programs: The GI Bill does
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
36 min - Why NVIDIA's Stock Crash Shows Index Funds Beat Stock Picking | 040
NVIDIA, a prominent player in computer chips, experienced a crazy stock market decline due to competition from DeepSeek, a Chinese AI company. Investors should consider index funds instead of relying solely on past performance for future gains.
NVIDIA is up 28,000% over the last decade and had seen a 176% gain during the year 2024.Â
So many peeps feel the anxiety of tax season? Those late nights sorting through W-2s and 1099s? Well, something called The Fair Tax Act of 2025 might make those feelings and late nights a thing of the past. This groundbreaking legislation, proposes an audacious idea: completely abolishing the IRS!
Weâll talk in this episode the thought of a single national sales tax. Just imagine paying a premium on your purchases rather than having chunks of your paycheck disappear every month.
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:
Is This The End of the IRS?
https://heavymetal.money/fairtaxact/
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
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¤