Money Mastermind Show

If you're a free-thinking individual that often finds themselves not just outside the proverbial box, but so far away from the norm that you forgot what "the box" ever looked like, then this is the episode for you! Joan Sotkin of ProsperityPlace.com has left SMART goals in the dust in her pursuit of emotional nirvana and financial utopia. We try to bring it every episode of MMS, but we promise you that this week will be especially entertaining!

https://moneymastermindshow.com/episode39-how-your-emotional-habits-affect-your-finances/

Some important questions discussed in this episode:

• Why does Joan believe it's key to "Recognize, Realize, Respond?"
• How is Kyle going to drive a Porsche on his teacher's salary?
• Why is determining what's truly important so um… important?
• Aren't you treating yourself like someone you love?
• And how are your emotions messing up your finances?

Panelists In This Episode:

• Special Guest: Joan Sotkin | ProsperityPlace.com
• Glen Craig | Free From Broke
• Kyle Prevost | Young and Thrifty
• Miranda Marquit | Planting Money Seeds
• Peter Anderson | Bible Money Matters
• Tom Drake | MapleMoney

If you’re a free-thinking individual that often finds themselves not just outside the proverbial box, but so far away from the norm that you forgot what "the box" ever looked like, then this is the episode for you! Joan Sotkin of ProsperityPlace.com has left SMART goals in the dust in her pursuit of emotional nirvana and financial utopia. We try to bring it every episode of MMS, but we promise you that this week will be especially entertaining!

Show Notes: http://moneymastermindshow.com/episode39/

Some important questions discussed in this episode:

Why does Joan believe it’s key to “Recognize, Realize, Respond?"

How is Kyle going to drive a Porsche on his teacher’s salary?

Why is determining what’s truly important so um... important?

Aren't you treating yourself like someone you love?

And how are your emotions messing up your finances?

Links We Mentioned

Thinking Fast and Slow by Daniel Kahneman

Calm.com has some great relaxation tips

Joan's other sites is FreedomFromStruggle.com

Panelists In This Episode:

Special Guest: Joan Sotkin | ProsperityPlace.com

Glen Craig | Free From Broke

Kyle Prevost | Young and Thrifty

Miranda Marquit | Planting Money Seeds

Peter Anderson | Bible Money Matters

Tom Drake | Canadian Finance Blog

For a quick bio of each of our show participants, head on over to our panelists page.

Follow Us

Join us live every week for a new discussion about money! Follow all of our social media accounts to stay up to date on the latest shows and news!

Twitter: https://twitter.com/MoneyMstrmind

Facebook: https://facebook.com/MoneyMastermindShow/

Google +: https://plus.google.com/+MoneyMastermindShow/

YouTube: https://www.youtube.com/user/moneymastermindshow

Follow hashtag: #moneymastermindshow on Twitter every week during or after the show, or send your questions tagged with that hashtag.

The Money Mastermind Show welcomes Dorethia Conner Kelly from #MoneyChat to our studios to chat about how you can take your next step on the staircase to wealth and prosperity no matter where you currently are. Some people believe the path to financial success is too daunting to take on, but every journey starts with a first step!

https://moneymastermindshow.com/episode38-steps-to-achieving-financial-success/

Some important questions discussed in this episode:

• What should financial success mean to you?
• What first steps should I take?
• How do I go about bettering myself with so many options out there?
• Are budgets truly the foundation of financial success?
• What are some of the stages as it relates to achieving financial success and/or financial freedom?
• How can I lower my mental barriers to entry?

Panelists In This Episode:

• Special Guest: Dorethia Conner | ConnerCoaching.com
• Glen Craig | Free From Broke
• Kyle Prevost | Young and Thrifty
• Miranda Marquit | Planting Money Seeds
• Peter Anderson | Bible Money Matters
• Tom Drake | MapleMoney

The Money Mastermind Show welcomes Dorethia Conner Kelly from #MoneyChat to our studios to chat about how you can take your next step on the staircase to wealth and prosperity no matter where you currently are. Some people believe the path to financial success is too daunting to take on, but every journey starts with a first step!

Show Notes: http://moneymastermindshow.com/episode38/

Some important questions discussed in this episode:

What should financial success mean to you?

What first steps should I take?

How do I go about bettering myself with so many options out there?

Are budgets truly the foundation of financial success?

What are some of the stages as it relates to achieving financial success and/or financial freedom?

How can I lower my mental barriers to entry?

Links We Mentioned

Check out Dorethia’s book

We mentioned our episode with JD Roth

Kyle recently wrote about this thoughts on the current market for post-secondary education credentials in the National Post

Panelists In This Episode:

Special Guest: Dorethia Conner | ConnerCoaching.com

Glen Craig | Free From Broke

Kyle Prevost | Young and Thrifty

Miranda Marquit | Planting Money Seeds

Peter Anderson | Bible Money Matters

Tom Drake | Canadian Finance Blog

For a quick bio of each of our show participants, head on over to our panelists page.

Follow Us

Join us live every week for a new discussion about money! Follow all of our social media accounts to stay up to date on the latest shows and news!

Twitter: https://twitter.com/MoneyMstrmind

Facebook: https://facebook.com/MoneyMastermindShow/

Google +: https://plus.google.com/+MoneyMastermindShow/

YouTube: https://www.youtube.com/user/moneymastermindshow

Follow hashtag: #moneymastermindshow on Twitter every week during or after the show, or send your questions tagged with that hashtag.

Don't listen to financial gurus… unless you consider us gurus… then only listen to us! Confused yet? We brought in in Joe Saul-Sehy from Stacking Benjamins to help us sort it all out. He wrote a whitepaper examining the value (or lack thereof) of what these "gurus" are putting out there on TV and other forms of media. Tune in to hear us explain why popular financial advice is often flawed and how you can identify where the best sources of information are for you.

https://moneymastermindshow.com/episode37-why-you-shouldnt-listen-to-financial-gurus/

Some important questions discussed in this episode:

• Is the goal of financial gurus on TV to inform or to entertain? How does this affect you?
• What's the difference between us and the gurus?
• How does anyone identify who is a "good guru" is and who is selling snake oil? Perhaps video games can help!
• Should you ever listen to one person exclusively when it comes to your money?
• Who do we like to listen to on money-related advice?

Panelists In This Episode

• Special Guest: Joe Saul-Sehy | Stacking Benjamins
• Glen Craig | Free From Broke
• Kyle Prevost | Young and Thrifty
• Miranda Marquit | Planting Money Seeds
• Peter Anderson | Bible Money Matters
• Tom Drake | MapleMoney

Don't listen to financial gurus... unless you consider us gurus... then only listen to us! Confused yet? We brought in in Joe Saul-Sehy from Stacking Benjamins to help us sort it all out. He wrote a whitepaper examining the value (or lack thereof) of what these "gurus" are putting out there on TV and other forms of media. Tune in to hear us explain why popular financial advice is often flawed and how you can identify where the best sources of information are for you.

Show Notes: http://moneymastermindshow.com/episode37/

Some important questions discussed in this episode:

Is the goal of financial gurus on TV to inform or to entertain? How does this affect you?

What's the difference between us and the gurus?

How does anyone identify who is a "good guru" is and who is selling snake oil? Perhaps video games can help!

Should you ever listen to one person exclusively when it comes to your money?

Who do we like to listen to on money-related advice?

Links We Mentioned

Dave Ramsey

Jim Cramer

Suze Orman

Joe's favorite online game - the Kerbal Space Program

Jean Chatzky

Ric Edelman

David Bach

Robert Kiyosaki

Panelists In This Episode

Special Guest: Joe Saul-Sehy | Stacking Benjamins

Glen Craig | Free From Broke

Kyle Prevost | Young and Thrifty

Miranda Marquit | Planting Money Seeds

Peter Anderson | Bible Money Matters

Tom Drake | Canadian Finance Blog

For a quick bio of each of our show participants, head on over to our panelists page.

Follow Us

Join us live every week for a new discussion about money! Follow all of our social media accounts to stay up to date on the latest shows and news!

Twitter: https://twitter.com/MoneyMstrmind

Facebook: https://facebook.com/MoneyMastermindShow/

Google +: https://plus.google.com/+MoneyMastermindShow/

YouTube: https://www.youtube.com/user/moneymastermindshow

Follow hashtag: #moneymastermindshow on Twitter every week during or after the show, or send your questions tagged with that hashtag.

Your portfolio doesn't need to be perfect, it just needs to be average to be better than most. A reasonable person might wonder how that could be true, but then again, a reasonable person wouldn't conceive of the myriad of ways the financial industry had come up with to siphon off your savings and investments. Barbara Friedberg from BarbaraFriedbergPersonalFinance.com joins us to explain how low maintenance investing strategies, combine with a basic understanding of concepts such as asset allocation and cutting down on investing fees can have you coming out ahead. Tune in to hear our thoughts on what your portfolio should look like depending on your investment goals and interest in time commitment going forward.

Show Notes: http://moneymastermindshow.com/episode36/

Some important questions discussed in this episode:

Do you need a separate portfolio for each of your savings and investment goals?

Is your company pension plan a good idea?

Is asset allocation really that important? I thought investing was about picking good stocks?

What do our investment portfolios have in them?

What is a robo advisor? Are they a good middle ground between doing it myself and paying crazy amounts of fees?

Links We Mentioned

Vanguard has some great passive investing building blocks for your portfolio.

Quicken

Check out Kyle's and Barbara's respective books on creating your own passive investing portfolios.

Mint

Personal Capital

Questrade's Portfolio IQ

Betterment

Wealthfront

John Bogle's rules of investing

Building a simple investing portfolio

Panelists In This Episode:

Special Guest: Barbara Friedberg | BarbaraFriedbergPersonalFinance.com

Glen Craig | Free From Broke

Kyle Prevost | Young and Thrifty

Miranda Marquit | Planting Money Seeds

Peter Anderson | Bible Money Matters

Tom Drake | Canadian Finance Blog

For a quick bio of each of our show participants, head on over to our panelists page.

Follow Us

Join us live every week for a new discussion about money! Follow all of our social media accounts to stay up to date on the latest shows and news!

Twitter: https://twitter.com/MoneyMstrmind

Facebook: https://facebook.com/MoneyMastermindShow/

Google +: https://plus.google.com/+MoneyMastermindShow/

YouTube: https://www.youtube.com/user/moneymastermindshow

Follow hashtag: #moneymastermindshow on Twitter every week during or after the show, or send your questions tagged with that hashtag.

Your portfolio doesn't need to be perfect, it just needs to be average to be better than most. A reasonable person might wonder how that could be true, but then again, a reasonable person wouldn't conceive of the myriad of ways the financial industry had come up with to siphon off your savings and investments. Barbara Friedberg from BarbaraFriedbergPersonalFinance.com joins us to explain how low maintenance investing strategies, combine with a basic understanding of concepts such as asset allocation and cutting down on investing fees can have you coming out ahead. Tune in to hear our thoughts on what your portfolio should look like depending on your investment goals and interest in time commitment going forward.

https://moneymastermindshow.com/episode36-how-to-build-a-better-investing-portfolio/

Some important questions discussed in this episode:

• Do you need a separate portfolio for each of your savings and investment goals?
• Is your company pension plan a good idea?
• Is asset allocation really that important? I thought investing was about picking good stocks?
• What do our investment portfolios have in them?
• What is a robo advisor? Are they a good middle ground between doing it myself and paying crazy amounts of fees?

Panelists In This Episode:

• Special Guest: Barbara Friedberg | BarbaraFriedbergPersonalFinance.com
• Glen Craig | Free From Broke
• Kyle Prevost | Young and Thrifty
• Miranda Marquit | Planting Money Seeds
• Peter Anderson | Bible Money Matters
• Tom Drake | MapleMoney

Valerie Rind joins us to talk about a major life event that no one wants to believe will happen to them, but has become all-too-common over the past couple of decades. Divorces are obviously a destructive emotional experience, but in addition, there are financial-based problems that are bound to complicate the situation even further. As a divorcee, Valerie helps others learn from her experience. Her blog is cleverly titled Gold Diggers and Deadbeat Dads but you can find it under the URL ValerieRind.com.

https://moneymastermindshow.com/episode35-how-to-financially-recover-from-a-divorce/

Some important questions discussed in this episode:

• What does the following quote, "Divorce is not a solution, but an exchange of problems" by Harvard sociologist Armand Nicholi III actually mean?
• If you're going through a divorce what is the first thing you should consider with regard to finances?
• What sort of legal considerations are there when a couple has to split their finances?
• Should I be preparing in some way for this sort of event even if my relationship is stable and I'm happily married?

Panelists In This Episode

• Special Guest: Valerie Rind | ValerieRind.com (aka "Gold Diggers & Deadbeat Dads)
• Glen Craig | Free From Broke
• Kyle Prevost | Young and Thrifty
• Miranda Marquit | Planting Money Seeds
• Peter Anderson | Bible Money Matters
• Tom Drake | MapleMoney

Valerie Rind joins us to talk about a major life event that no one wants to believe will happen to them, but has become all-too-common over the past couple of decades. Divorces are obviously a destructive emotional experience, but in addition, there are financial-based problems that are bound to complicate the situation even further. As a divorcee, Valerie helps others learn from her experience. Her blog is cleverly titled Gold Diggers and Deadbeat Dads but you can find it under the URL ValerieRind.com.

Show Notes: http://moneymastermindshow.com/episode35/

Some important questions discussed in this episode:

What does the following quote, "Divorce is not a solution, but an exchange of problems" by Harvard sociologist Armand Nicholi III actually mean?

If you're going through a divorce what is the first thing you should consider with regard to finances?

What sort of legal considerations are there when a couple has to split their finances?

Should I be preparing in some way for this sort of event even if my relationship is stable and I'm happily married?

Links We Mentioned

Peter reports that 20% of first-time marriages end in divorce after five years, and only the slimmest of majorities now make it past the 20 year mark! (National Survey of Family Growth)

Recovering Financially From Divorce When Reconciliation Can’t Be Found

Don't forget to check your local/state department of workforce services if you need help finding employment after a divorce.

Panelists In This Episode

Special Guest: Valerie Rind | ValerieRind.com (aka "Gold Diggers & Deadbeat Dads)

Glen Craig | Free From Broke

Kyle Prevost | Young and Thrifty

Miranda Marquit | Planting Money Seeds

Peter Anderson | Bible Money Matters

Tom Drake | Canadian Finance Blog

For a quick bio of each of our show participants, head on over to our panelists page.

Follow Us

Join us live every week for a new discussion about money! Follow all of our social media accounts to stay up to date on the latest shows and news!

Twitter: https://twitter.com/MoneyMstrmind

Facebook: https://facebook.com/MoneyMastermindShow/

Google +: https://plus.google.com/+MoneyMastermindShow/

YouTube: https://www.youtube.com/user/moneymastermindshow

Follow hashtag: #moneymastermindshow on Twitter every week during or after the show, or send your questions tagged with that hashtag.