In episode 23 we discussed cash flow at the sprint distance level of training. In that episode, you learned that you shouldn’t spend more than 30% of your income on housing and you should be saving 20% of your income each month.

On this episode of Money Mile, we’re going to level up the cash flow component of your financial training plan. Listen in to learn how you can improve your cash flow with some best practices you can’t miss.

• Spending money monthly on a depreciating asset [1:22]
• Monthly cashflow hates variability [3:48]
• The importance of cash reserves [5:55]
• Homework [9:05]

• Episode 23 - Cash Flow Guardrails
• Episode 26 - Contingency Planning: The Risk Management Aspect of Your Financial Training Plan

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

James Brown passed away in 2006* with a $90 million estate yet, because it was contested, it wasn’t until 2021 that his final wishes were realized. I don’t want this to happen to you!

This is why, on this episode of Money Mile, we’re diving deeper into estate planning. In episode 22 we covered estate planning at the sprint level and today we’re leveling up to explore this area in further detail at the Olympic level. Learn what you need to know to take your estate plan to the next level–press play now.

• Making your estate plan more official [3:42]
• How often to review your estate plan [4:45]
• How to give better direction [5:53]
• Efficiency vs. sufficiency [9:43]
• Your homework [12:24]

• Episode 22 - Estate Planning – Sprint Distance
• James Brown’s Estate
• California Advanced Healthcare Directive
• How to find an advanced healthcare directive outside California
• Health IQ - Life insurance for triathletes

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK

Do you remember that scene in Wizard of Oz where the wizard says, “Pay no attention to the man behind the curtain?” We then learn that the all-powerful Wizard of Oz was really just a random dude with some technology.

So that you don’t think I am simply a random dude with a bit of technology, today, I’ll give you a glimpse behind the Money Mile curtain. 

In this episode, you’ll learn about my financial independence (FI) goals and how I got here. Hopefully, this peek into a financially independent middle-class family will give you a deeper understanding of how you can achieve your own financial independence.

• What is really going on behind the curtain [2:02]
• What our financial independence looks like [4:00]
• Our flexible lives [7:10]
• How we got here [9:02]
• Where we go from here [11:11]
• The homework [12:25]

• Design Your Money Machine

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK

Where are you going? How are you going to know how to get there?

You won’t know where you are going financially unless you have considered your goals. When you are done listening to this episode, I want you to feel confident about your financial goals.

If you are new to the Money Mile podcast, welcome! This is the number one financial podcast designed for triathletes and runners. I’m here to help you increase your understanding of personal finance while improving your fitness.

Press play to enjoy while you are out on your long, steady run. 

• How we have come this far into personal finance without discussing goals [1:52]
• Smart goals [3:33]
• An example of my SMART goal [6:50]
• Evolution of my goals [9:28]
• Take action [11:33]

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK

You wouldn’t start a race without a flat repair kit for your bike. In the same vein, you’ll want to make sure that you are protected against the various risks that life involves.

On this episode of Money Mile, we’ll consider risk management and how to come up with a contingency plan for the random financial issues that could arise to throw you off course. 

Join me for a mile-sized bit of financial education that can help you stay on track on your road to financial independence. Press play to get started.

• The 5 primary financial risks [4:42]
• The likelihood and impact of various risks [6:35]
• Managing primary risks [9:19]
• Long-term care with or without insurance [13:13]
• Your homework [14:25]

• Investments: The Strength Training Component of Your Financial Training Plan, Ep #25

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK

Thinking about investments can feel daunting in the same way that strength training can. When you finish listening to this episode you’ll feel empowered to think about investments as a way to help you build wealth. 

In the same way that strength training will help you get faster, your investments will help you race toward financial independence. Listen in to hear how you can use investments to improve your financial strength. 

• How investments are like interval training [2:42]
• How stocks work [4:32]
• How bonds work [8:43]
• Cash allows for flexibility [9:31]
• Crypto and real estate [10:40]
• The homework [11:58]

• Episode 7 - A Triathlete’s View of Investing

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK

Benjamin Franklin once said that the only things that are certain in life are death and taxes. Since we already discussed estate planning that means it’s time to cover taxes. 

Taxes fall into the efficiency and technique equivalent in our financial training plan. This is why today you’re going to learn how to improve your efficiency so that you can pay less taxes over the course of your lifetime. After you finish listening, instead of dreading the thought of income taxes, you’ll feel empowered.

Come spend a mile with me and increase your financial confidence while you are increasing your fitness. 

• Being efficient in tax planning [3:12]
• Capital gains [4:45]
• An example [6:13]
• How taxes are like efficiency training [9:03]
• Paying fewer taxes over your lifetime [11:22]
• Your homework [14:10]

• Episode 23 - Cash Flow Guardrails
• Tax Informational Worksheet

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK

Do you feel like money just slips through your fingers when you get it? Learning to manage your cash flow is an essential part of your financial training. Without this key component, it will take you even longer to reach financial independence.

Cash flow is the equivalent of nutrition and hydration in your financial training plan. Today, you’ll learn how to handle your cash flow at the sprint level. At the end of this episode, you’ll feel empowered to manage your cash flow and direct your resources in ways that are important to you. 

Listen in to learn how to manage your cash flow while accumulating your resources to achieve financial independence. 

• How cash flow is similar to nutrition [3:12]
• Why you don’t want to be fiercely frugal or frightfully frivolous [6:20]
• How to start saving now [7:15]
• Savings ratios [10:50]
• The homework [15:10]

• Episode 9 - The First Foundation of Financial Fitness
• Episode 10 - The Second Foundation of Financial Fitness
• Episode 18 - Leveling Up Your Spending Plan
• Crushing Iron Podcast episode 661
• BOOK - I Will Teach You to Be Rich by Ramit Sethi

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK

Estate planning is most people’s least favorite financial topic, so why would I consider it the equivalent of a sprint distance triathlon? That’s because this is the only area of financial planning that applies to everyone. That’s right, estate planning is for everyone–not just the rich and famous.

If you don’t have an estate plan in place – make sure that you listen in and do the homework! This episode will teach you exactly how important it is to have an estate plan.

• Why everyone should have an estate plan [2:02]
• What an estate plan is [6:00]
• What an executor is and why you need one [8:02]
• Your homework [9:12]

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK

Are you looking for financial education in mile-sized bits? If so, then Money Mile might be just right for you. Money MIle is the best financial education podcast designed for triathletes and runners–never mind that it’s the only financial education podcast designed for triathletes and runners!

Our goal is to help busy, active athletes who are working toward a phased financial independence. On this episode of Money Mile, we’ll walk through the basics of a well-built financial training plan by comparing it to a comprehensive athletic training plan. Come share a mile with us so that you can live a better life.

• Key aspects to your training plan [3:42]
• The financial analogies [8:10]
• What to expect from the next few episodes [12:02]
• The homework [14:01]

• Episode 20 - What is a Financial Planner and Do I Need One?

• https://WallerFC.com 
• Waller Financial Coaching on Facebook
• Justin on Instagram
• Justin on LinkedIn

Subscribe to MONEY MILE

Audio Production and Show Notes by - PODCAST FAST TRACK