Dr. James M. Dahle of The White Coat Investor tells you what you need to know about laddering CDs
Episode 2324: MONDAY MASTERY - What You Need to Know About Laddering CDs by Dr. James M. Dahle
The White Coat Investor is the most widely-read, physician-specific personal finance and investing website in the world. It is the premier resource for high-income professionals looking for unbiased information about all things financial or simply a referral to a trusted professional providing good advice at a fair price. What started as a simple blog has grown into a multi-media company that will provide you the financial information you need in whatever format you prefer.
The original post can be found here: https://www.whitecoatinvestor.com/laddering-cds/
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2324: MONDAY MASTERY - What You Need to Know About Laddering CDs by Dr. James M. Dahle

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Episode number: 2695
Andy Hill shares his triumphant journey to financial freedom in "We’re Mortgage Free! Our 10 Steps to Get a $500,000 Paid Off House in 5 Years" on MarriageKidsAndMoney.com. With a combination of strategic planning, family teamwork, and intentional living, Andy and his wife Nicole have not only freed themselves from the burden of a mortgage but have also laid down a legacy of debt-free living for their children, showcasing the power of financial independence and the joy it brings.
Read along with the original article(s) here: https://marriagekidsandmoney.com/how-to-pay-off-your-mortgage-early-in-10-not-so-easy-steps
Quotes to ponder:
"After years of focus and partnership with my wife Nicole, we’re mortgage-free and thrilled about the future ahead of us."
"We were intentional, determined, and ready to do something incredible for our family."
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2695: [Part 1] We’re Mortgage Free! Our 10 Steps to Get a $500,000 Paid Off House in 5 Years by Andy Hill of Marriage Kids and Money

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2694:
Laura Gariepy, through her collaboration with WomenWhoMoney.com, offers practical and actionable strategies for individuals dealing with the complexities of budgeting on a variable income. Her guidance illuminates a path toward financial stability by focusing on essential expenses, optimizing savings, and strategic account management, proving that with the right approach, managing fluctuating finances can lead to successful budgeting and peace of mind.
Read along with the original article(s) here: https://womenwhomoney.com/budget-variable-income/
Quotes to ponder:
"Successful use of a budget gets your money working for you so you can attain your financial goals."
"Improperly managed variable income can lead to severe financial stress. However, by working through the steps in this article, you can find stability using a budget."
"Knowing both your real bottom line or threshold and your preferred bottom line will establish (and maintain) financial priorities."
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2694: How Do I Budget with a Variable Income? by Laura Gariepy of Women Who Money on Personal Financial Planning

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2693:
Jacob Lund Fisker of EarlyRetirementExtreme.com guides us through the delicate process of aligning your partner with your frugal lifestyle and early retirement dreams. He offers practical tips on leading by example, demonstrating the benefits through your actions, and smartly navigating conversations to inspire a mutual journey toward financial independence.
Read along with the original article(s) here: http://earlyretirementextreme.com/how-do-i-get-my-spouse-to-go-along-with-my-frugal-plans.html
Quotes to ponder:
"The first and most important thing is that a person sounds a whole lot smarter and more intelligent when you agree with what the person is saying."
"Most people (and especially children) will follow your example rather than your suggestions."
"If you want your spouse to adopt some change, another thing to try is to find something they are familiar with."
Episode references:
Tumbleweed Houses: https://www.tumbleweedhouses.com/
The concept of Freecycling: https://www.freecycle.org/
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2693: How Do I Get My Spouse To Go Along With My Frugal Plans? By Jacob Lund Fisker on Marriage & Financial Planning

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2692:
Paula Pant from AffordAnything.com shares her journey from celebrating a 77% savings rate to realizing its limited value in achieving financial freedom. Through a detailed analysis, she illustrates the importance of distinguishing between savings for deferred spending and investing for wealth growth, urging readers to focus on investing rates over savings rates for true financial independence.
Read along with the original article(s) here: https://affordanything.com/77-savings-rate-means-nothing/
Quotes to ponder:
"Savings is money that you’re setting aside for the future. Which means that “savings” is deferred spending."
"Savings won’t bring you financial freedom. Investing will."
“Investing,” on the other hand, allows you to supercharge your net worth."
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2692: Why My 77 Percent Savings Rate Means Nothing by Paula Pant of Afford Anything on FIRE & Early Retirement

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2691:
Mark Dennis of FinancialFinesse.com sheds light on the complexities of borrowing from your 401(k). He outlines the seductive ease of tapping into retirement savings for immediate financial needs but cautions against the long-term repercussions such actions may have on one's financial health and retirement planning. Dennis meticulously explores the benefits and pitfalls, emphasizing smarter alternatives to safeguard one’s financial future.
Read along with the original article(s) here: https://www.financialfinesse.com/2017/10/23/is-it-ever-ok-to-borrow-from-your-401k/
Quotes to ponder:
"Plundering our retirement piggy banks can be tempting when a financial emergency arises, but this type of short-term fix may have some long-term consequences that are more expensive than we realize."
"Once you dip into your retirement stash and use it to relieve some type of financial pain, you can begin to slide down a slippery financial behavior slope."
"Bottom line: make sure you have carefully considered all other alternatives before you undo much of the hard work you have already invested in growing your retirement nest egg."
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2324: MONDAY MASTERY - What You Need to Know About Laddering CDs by Dr. James M. Dahle

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