MILMO Show

You've been spending less money than you make, build up your emergency fund. You're saving for retirement. Now what? What are the next steps you should take with your money to get to the next level? That's what today's show is about.

Matt Miner is back for part three of my back to basics series. Matt is a fee-only, fiduciary advisor with PLC Wealth Management providing financial planning to families and individuals making super-important life decisions.

In part one of the series, Matt and I talked about budgeting and money management basics in episode 81. Last week we talked about salary and benefits in episode 82. This week Matt shares advice on taking your money to the next level by doing things like saving for your children's education, paying off your mortgage and building a better quality of life.

Show notes

The amount you get paid and the benefits you receive as an employee are the foundation of your income. Negotiating the best possible salary and understanding and fully utilizing your employee benefits can have a significant impact on your finances.

Matt Miner is back today for part two of my back to basics series. Matt is a fee-only, fiduciary advisor with PLC Wealth Management providing financial planning to families and individuals making super-important life decisions.

Last week Matt kicked off the new year by refreshing us on budgeting and money management in episode 81.

In today's show, Matt is sharing best practices on negotiating salary, understanding your retirement plan plus all of your benefits like HSAs and FSAs.

Happy New Year! A new year means it's time for a new beginning. To get everyone's year off to the best financial start. I'm starting the 2020 Military Money Show season off with a back to basics series. I have three shows planned to go over topics like budgeting and money management, salary and employer benefits, and how to take your finances to the next level in 2020. The goal is to give you a review or understanding of core financial elements to handle early in the year to set yourself up for success.

I'm happy to have my guest, Matt Miner for the series. Matt is a fee-only, fiduciary advisor with PLC Wealth Management providing financial planning to families and individuals making super-important life decisions. Matt is lives in North Carolina with his wife and children.

In today's show, Matt breaks down budgeting best practices, how to handle debt, emergency savings, and money management tips.

Show notes

The end of the year is here. A lot has happened with the economy in 2019 that probably impacted your personal finance. The new year will be no different, the state of the economy will impact your personal finances in some way.

My guest today is here to review with us what happened with the U.S. economy in 2019 and to talk about what's to come in 2020.

Robert Frick is back by popular demand. Robert is Navy Federal's corporate economist. In addition to economics, Bob is an expert in personal finance, having worked as an editor at Kiplinger's Personal Finance magazine for 15 years, and also is an expert in behavioral economics or the study of people's behaviors surrounding money. If you haven't heard it yet, Bob was in episode 59 where we talked about developing good financial behaviors.

In this show, we talk about what's coming in terms of what the market will be like in 2020, how it will impact jobs and spending and what that will look like for the military community.

Show notes

The sun is setting on 2019. The year is almost over and done. If you're like me, the past year has been a mix of some highs and lows and some so-sos.

We're moving into 2020, and the new year that will bring new goals, opportunities, and challenges.

Right now is the perfect time of the year to begin planning for 2020. And the best way to make the most of the new year is to look back or review your actions (or lack of actions) from 2019 to see what you did well, what you could have done better. And what you could have done without.

Gaining a holistic view of your year past will give you valuable intel going into 2020 to better set, plan and execute your goals. It will also help you identify areas you need to let go of or not waste your time on.

To give you a little kick in the pants and some inspiration to get your 2019 Lookback done, today I am going to share mine.

I'm leading the way, so here is my 2019 review. What I have done and what I have failed to do personally and professionally. And what I plan to do in 2020 to be better.

Show Notes

Saving for your retirement is important. Many times people put off making decisions because they don't know or aren't sure. One part of the delay could be because you may not understand the difference between an index fund vs a mutual fund vs an ETF.

My guest today is here to break down the differences, their uses, and some best practices when it comes to understanding funds.

Daniel Kopp is a fee-only, fiduciary financial planner and founder of Wise Stewardship Financial Planning where he helps young widows and widowers, as well as servicemembers, get their financial lives in order by aligning their money with their values. He is also a fellow Air Force veteran.

This is a great show to understand the different types of funds for your TSP to save for your retirement and it's also a great show for experience savers to review the whole fund playing field.

Investing can be intimidating for people. Most of us know it's not something you should go into without preparation. But some people aren't aware they are tools they can use to research and make informed decisions about buying stock. Instead of throwing a dart at a dartboard.

Today's show is about using technical analysis to help with your investing decisions. But do not let the words "technical analysis" scare you away.

My guest today is giving us a tech analysis 101 class. David Keller is a Chartered Market Technician and is the Chief Market Strategist at StockCharts.com, where he helps investors minimize behavioral biases through technical analysis. He is also President and Chief Strategist at Sierra Alpha Research, a boutique investment research firm focused on managing risk through market awareness. And David was formerly a Managing Director of Research at Fidelity.

In the show we discuss:

• How investing is like flying
• The three things people should consider when investing
• What technical analysis is and why people should people use it
• How technical analysis helps people
• Technical analysis for newbie investors
• The two things people new to technical analysis should do or know
• Resources you can use
• Common mistakes people make in technical analysis
• How investors can be sure they're making smart financial decisions
• How to become a disciplined investor

Show notes

It's that time of year again. It comes every year, but many of us aren't prepared when it comes to covering the costs of Christmas and the holiday season.

In honor of Cyber Monday, I thought I'd talk about how to cover the costs of the holidays.

In this episode, I'm going to break down the importance of understanding your spending limits, how to create a game plan for your spending, and how to cover costs of holiday extras like parties and travel. Plus, what to do when you have no money for Christmas. And I'm going to talk about some ways you can make a little extra money to pay for holiday costs.

Covering Christmas Episode Details

• Understanding and setting your holiday spending limit
• How to create a holiday plan
• Finding the best time to holiday shop
• Using military shopping discounts
• What to do when you have no money for Christmas
• How to make money during the holidays
• The power of saying "no"
• Back up gifts that don't break the bank
• Preparing for Christmas next year

Show notes

In this episode, we're discussing taking steps to build your best financial life. And my guest knows a thing or two about that.

J.D. Roth is an accidental personal-finance expert. For many years, he was a typical American consumer and more than $35,000 in debt to show for it. In 2006, he started writing at GetRichSlowly.org in an effort to document his progress as he dug out of debt and learned to build wealth. Today, he's debt-free. J.D. is dedicated to helping others master their money -- and their lives. And he hopes one day to meet Taylor Swift.

In this show, J.D. and I talk about

• What living your best financial life looks like
• Steps people should take to get out of debt and build wealth
• Steps you can take to start investing when you're scared

Plus a whole bunch more. I really enjoyed my discussion with J.D. and how open he was with his advice and thoughts.

Today's game time is my favorite. It was fun to have a game that matches the guest perfectly. I can't wait for everyone to hear the results!

Show notes

Buying a house doesn't have to break your bank. There are many ways to do it in a financially smart. And one of those ways is house hacking.

My guest today is Craig Curelop (aka the FI Guy). He's the author of The House Hacking Strategy-How to Use Your Home to Achieve Financial Freedom. Craig is also a real estate agent, investor, and works at BiggerPockets.

In this show, Craig shares advice on how to use house hacking to build wealth, what you need to know to get started, how much money you need, how to manage a property plus a bunch more.

Show notes