Inside Out Money

Andrew joins this week's podcast, and we answer a common question: How much do you need to retire? The quick answer is it depends, and we discuss the various factors it depends upon. We explain the 4% rule, the Trinity study that it originated from, and some of the flaws we see in that study and rule. Maggie shares how she prepped for and planned her early retirement financials, and Andrew shares how he’s preparing for his. We discuss various withdrawal strategies, Maggie’s personal withdrawal strategy, and how building some flexibility into your proposed spending can significantly reduce your risk of running out of money in retirement. Get the full show notes, show references, and more information here:  https://www.insideoutmoney.org/022-how-much-do-you-need-to-retire-flaws-in-the-4-rule/

Erica joins this week's podcast, and we discuss the existential topic of enough. What is enough money? What is enough stuff? How do we feel like we are enough? We discuss the concept of enough and related topics of Consumerism, Minimalism, Stoicism, Conscious Consumerism, Hedonic Adaptation, and the Hedonic Treadmill. We also explore how the concept of enough is related to early retirement. We end with tactical recommendations for being more of a conscious consumer and realizing you are and have enough. Get the full show notes, show references, and more information here:  https://www.insideoutmoney.org/021-what-is-enough/

Liz joins this week's podcast for a bonus episode, and we talk about how awesome meditation is and our personal meditation commitment for September. We share the many benefits of meditation, from reducing anxiety to improving your sleep, and even how it can impact your finances. We talk through various types of meditation and share some favorite tools and apps. We end with our commitment to each other to improve our consistency with meditation, and we invite you all to join us! Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/020-meditation-will-fix-that-sit-with-us-september/

Greg joins this week's podcast, discussing our rental properties and why and how we self-manage them. We share what criteria are important to us in selecting a rental property and how we got into self-managing them. We share our best tips and tricks for how we have created efficient approaches to finding tenants, screening tenants, writing and executing leases, communicating with tenants, managing vendors, and more. We also discuss our division of labor and how we work together to manage our rental properties, and the financials associated with running an LLC. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/019-rental-property-management-why-and-how-we-self-manage/

Liz joins this week's podcast, and we talk about anxiety and money. We start with a definition of anxiety, how it’s related to money and your finances, and how people respond to financial anxiety. We share how anxiety has impacted our relationship with money and finances. We wrap up with actionable tips for effectively managing your anxiety around money. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/018-9-ways-to-manage-money-anxiety/

Andrew joins this week's podcast, and we share three superpowers to financial success. Three superpowers can supercharge your finances and significantly improve your overall financial situation. We share what they are, why they are crucial to your finances, and some personal stories of how they have helped each of us. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/017-three-superpowers-to-financial-success/

Perhaps what matters most is figuring out what matters most. Erica joins this week's podcast, and we discuss the value of knowing your why and whether it truly matters. We discuss how defining a why can impact and influence your finances. We then talk through what a why could look like, how to work on defining yours, and if your why can change and evolve. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/whats-your-why-and-does-it-matter/

Chris Hutchins from All The Hacks joins this week's podcast and shares his best financial hacks from years of podcasting and interviewing top financial experts. We discuss the importance of automation and simplifying your finances, why renting is often better than owning a home, how to invest successfully, and how putting money rules in place can improve your financial life. Chris shared his favorite life organization tools, travel hacking thoughts, and much more! Get the full show notes, show references, and more information here: https://insideoutmoney.org/015-all-the-financial-hacks-with-chris-hutchins/

Greg joins this week's podcast, where we share why travel hacking isn’t working for us and why we’ve decided to take a break and adjust our approach. We discuss why we got into travel hacking in the first place, how we earned 1.5 million points in 18 months, and what we’ve learned along this journey. While we like trying new things, we’ve tried this, and travel hacking isn’t working for us. We share the pros and cons we’ve experienced, lessons learned, and how we plan to adjust our approach going forward. Get the full show notes, show references, and more information here: https://insideoutmoney.org/013-are-we-quitting-travel-hacking/