Millennial Money

All personal finance experts can agree on one thing – starting to save early will almost always help you reach your lifestyle goals quicker and with more ease than those who wait longer. When you think about your savings there are two ways you can save - the crockpot style or the microwave style.

Inspired by a recent industry article in Financial Planning Magazine, thinking about a crockpot for your savings strategy makes pretty good sense. With any crockpot recipe, the idea is simple. You gather all your ingredients ahead of time, throw them into the crockpot, turn it on low and slow for 6-8 hours, and then you have an almost always perfect meal sure to wow anyone.

When you crockpot your savings you're using the same methodology. You're saving little by little over time with consistency so whenever you reach the age you would like to quit working, you're investments and savings have spent some time "cooking together."

On This Podcast Episode:We'll chat about the crockpot method of savingsWhy a crockpot method might make more sense than microwaving your savingsLet's talk about what you can and can't control with your savingsSome guidelines to always keep in mind with savings

Links Mentioned:401(k) CalculatorHow Much to Save for RetirementInvestor Questionnaire Risk Tolerance Profile 

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

Traveling as a couple can be dangerous territory. Fraught with arguments over silly things like who forgot the toothpaste, can lead to a trip that just plain isn't a ton of fun. You might even find yourself a bit stressed out this holiday season traveling with your loved one (we hope not after this episode)!

We've found that traveling, and surviving traveling, as a couple takes some effort. Might seem like obvious trips are commonly overlooked when you're in a new place. You've spent some time to save for your trip so it's important that you enjoy it.

On This Podcast Episode:Learn what we think is the most important tip to survive traveling as a coupleWhy we say each person needs a jobWhat to do with your Passports and MoneyHow to budget your trip so you are flexible and stay within your meansHear some funny stories from our own travel experiences as a couple

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

To celebrate the holiday season we're featuring Best Of episodes all week long from some of the most popular podcast this year.

It takes some work to spend $2 million a month like Johnny Depp has been the last few years. I mean, come on, that does take some work to do that (but I'd love the chance to try, right). You don't need to have Johnny Depp's bank account though to let yourself get carried away with your budget and spending.

I'm often asked the question, "Why should I do this budget thing anyway?" Well, what is it that you want to achieve - buy a house, start a family, move to France, travel to the Bahamas?

What is it that you're playing for? You see, even Johnny Depp's financial advisors started to waive some caution flags in front of him when his spending got carried away. When this happens, it's time to dial in and budget for your life, not your bank account.

On This Podcast Episode:We'll chat about the ridiculousness of Johnny Depp's spendingHow you can visualize your own spendingWhere do you begin to set some boundaries around your spendingUnderstand what are you playing for - aka, why you should budget

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

During the holidays it's very easy to get wrapped up in all the gift buying and gift getting. Some of us save the whole year just to afford a great holiday season with family and friends. However, sometimes the best gifts actually don't cost a thing (well, no more than the price of a stamp). Say what?

On This Podcast Episode:

Hannah Brencher found herself unhappy while living in NYC and battling depression. So she decided to write love letters to anyone that would read them in hopes of cheering them up (and perhaps herself). What she uncovered was an amazing movement turned into business around the simple, yet powerful, concept of sending More Love Letters.Hannah's sharing her story and journey in creating a business and a movement helping to change many people's livesHear her share why this message is so powerful in today's environmentUnlock ways you help others this holiday season without having to spend moneyBe inspired to take a leap of faith going into the New YearCheck out her TED talk as well - it's a gem!

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:Shannah on TwitterShannah on Instagram

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I’m not sure it’s ever “easy” to manage your money as a couple, but I do know that approaching money as partners sure does make it a lot easier to handle. The question I’m always asked is, “do I have to share everything with my partner when it comes to money?” If you’re already dreading […] Read more...

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