Inside Out Money

Actionable advice to stop comparing yourself to others and start focusing on your own life. We all compare ourselves to others, but we also know comparison is the thief of joy and we will be happier when we learn to spend less time comparing and more time living. 

Andew joins this week’s podcast as we talk about:

- The importance of tracking expenses

- Our favorite savings hacks on home, grocery, shopping

- Examples of how to negotiate realtor fees

- Why renting a house can actually save you a lot of money

- How to use cash back adn coupon sites to save money

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/062-our-favorite-savings-hacks-that-will-save-you-thousands-a-year/

Start doing the things rather than just saying the things. Learn how to transform your intentions into actions and, in the process, close the execution gap that many of us struggle with. 

Erica joins this week’s podcast as we talk about:

- How to transform your intentions into actions

- Closing the execution gap

- The power of habits and our favorite book on building habits

- The challenges we all face in translating intentions into consistent actions

- The psychological factors that influence the execution gap

- How intentions alone don’t lead to results

- Specific tactics for shifting from intentions to actions

- A challenge to choose one actionable step each day to move forward toward your goals

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/061-transform-intentions-into-action-navigating-the-execution-gap/

Understanding the science and root of perfectionism can help us to focus on the good and let go of the bad. We encourage you to focus on progress over perfection and leverage that mindset to improve your finances. 

Greg joins this week’s podcast as we talk about:

- The science of perfectionism

- How perfectionism can be helpful and harmful

- The three types of perfectionism

- The difference between conscientiousness and perfectionism

- The difference between perfectionism and imposter syndrome

- Ways to combat perfectionism

- The goal of progress over perfectionism

- Your finances and perfectionism

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/060-progress-over-perfection-understanding-perfectionism-to-improve-our-finances/

Finances can be one of the most stressful parts of a relationship, but they don’t need to be. We share actionable advice for setting up your finances with your partner, focusing on transparency and alignment.

Liz joins this week’s podcast as we talk about:

- The various ways to organize your finances with a partner or spouse

- The pros and cons of splitting versus combining finances

- Multiple ways to tactically split expenses 

- Importance of a money management philosophy and approach with your partner

- The value of financial transparency with your partner

- Prenups and what we think of them

- Why and how to have money dates with your partner

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/059-splitting-finances-with-your-partner-practical-approaches-for-financial-transparency/

The financial services industry often profits from the misconception that managing your investments is too complex, leading you to believe that you should pay them to do it for you. This just isn’t true, and we debunk this myth and explain how to transition from relying on a financial advisor to managing your own investments.

Andrew joins this week’s podcast as we talk about:

- Why it’s so important to consider the long-term cost of financial advisor’s fees

- The differences between a commission-based and fee-based/hourly financial advisor

- Why you don’t need a commission-based financial advisor or planner

- Examples of how much fees add up and impact your financial growth

- Historically average market returns beat financial advisor portfolios 

- How to break up with your financial advisor 

- A specific email or phone script for what to say to end the relationship

- The specific process of transitioning from an advisor to managing on your own

- Gain the confidence to learn how to invest in low cost index funds yourself

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/058-breaking-up-with-your-financial-planner-why-and-how-to-do-it/

Actionable advice to stop comparing yourself to others and start focusing on your own life. We all compare ourselves to others, but we also know comparison is the thief of joy and we will be happier when we learn to spend less time comparing and more time living. 

Erica joins this week’s podcast as we talk about:

- Why it’s so dangerous to compare ourselves to others

- The importance of mindset to improve our finances and overall happiness

- Buddhist POV on comparison

- Social media’s role in the comparison game and how to realistically combat it

- 7 strategies to overcome comparison

- Reflecting on your comparison habits and being honest with yourself 

Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/057-comparison-is-the-thief-of-joy-stop-comparing-yourself-to-others/

Greg joins this week's podcast, and we share our most significant reflections and learnings after two years of being early-retired. We break it down into our eight biggest learnings: There’s nothing to be afraid of,  be patient and kind with yourself, do less and set boundaries, monitor your hustling and what you’re chasing, structure and routine add value, it’s OK to focus on yourself, be present in this phase of life as there will be other phases ahead, and experiment and pivot. Join us as we get vulnerable on the highs and lows of the first two years of early retirement. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/056-8-lessons-weve-learned-two-years-into-early-retirement/

Liz joins this week's podcast, and we talk about all things emergency funds. We start with why it’s so important to have an emergency fund and what emergency funds are meant to be used for versus not. We dig into all of the things you need to know about emergency funds, from where to keep it to how much you need in one. In addition to giving some general guidance on how much to keep in your emergency fund, we provide a specific tool and formula to help you decide on your own circumstances. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/055-our-formula-for-how-much-to-keep-in-your-emergency-fund/

Andrew joins this week's podcast, and we talk about all of the things we don’t spend money on. We’re all about intentional spending, and we spend a lot of time talking about what we do spend our money on, and it’s interesting to also reflect on what we’re not spending money on. Check out which of us isn’t spending on car washes, house cleaning services, yard care services, haircuts, clothing, makeup, and more!  Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/054-15-things-we-dont-spend-money-on/