Neighborhood Money

Drew and Cavan sit down and talk about 10 challenging personal finance questions that everyone needs to answer. Spoiler - even they struggle with some of their answers. One size DOES NOT fit all here! In this weeks Money Minute, Cavan shares a simple rule of thumb that can help you determine how much money you need to save for retirement. Also, stick around to the end of the episode as Drew shares his experience on the slopes and Cavan relives almost ruining his wife's birthday. Welcome neighbor!

Check out the PenFed Credit Union article at:

10 Personal Finance Questions You Need To Answer

https://www.penfed.org/learn/10-personal-finance-questions

Don't want to watch the full episode, skip around to what interests you!

***** Episode breakdown *****

0:00 - Intro

2:35 - Is Your Emergency Fund Sufficient?

5:46 - Are You Ever Done Saving?

7:56 - If You Have Children, How Will You Help Fund Their Education?

11:58 - What Would Happen If You Lost Your Job?

17:00 - Have You Planned For Any Expected Changes In Your Living Expenses?

21:34 - What's The Most Reliable Way To Pay Off Debt?

26:29 - How Can You Improve Your Credit Rating?

30:21 - How Much Of My Income Should Go Towards Housing?

34:51 - How Will You Manage Finances With Members Of Your Household?

39:55 - Should You Be Saving For Retirement If You Have Credit Card Debt?

45:56 - Money Minute

46:56 - What’s Going On In The Neighborhood

53:47 - Outro

***** Connect with us! *****

Instagram: https://www.instagram.com/neighborhoodmoneypodcast/

Facebook: https://www.facebook.com/neighborhoodmoney

Twitter: https://twitter.com/NMoneyPodcast

Ever wonder what a professional gambler and a financial coach have in common? Well...so did we! Good thing Chris Hanna was passing through the neighborhood this week and was able to tell us all about his journey from counting cards at the blackjack table to becoming a financial coach. Chris's story is nothing short of amazing. Rather than accepting a job on wall street right out of college, he took to the road to become a professional card counter. Listen in to hear more!

Check out Chris at:

Financial Coaching: chrisallenhanna.com
TikTok: tiktok.com/@chrisallenhanna_
Text Chris: 240-630-0568

Don't want to watch the full episode, skip around to what interests you!

***** Episode breakdown *****

0:00 - Intro
1:42 - Professional card counter, Chris Hanna
2:46 - Making blackjack a full time job
6:20 - Taking a leap of faith
10:38 - Blackjack as an investment?
13:09 - Staying under the radar
15:25 - Keeping emotions in check
19:45 - Life lessons from blackjack
22:35 - Counting cards to financial coaching
27:10 - The non-traditional budget
40:29 - Chris's financial vice
44:04 - What’s going on in Chris's neighborhood
46:49 - Key takeaways
53:05 - Money Minute
54:07 - What’s Going On In The Neighborhood
57:53 - Outro

***** Connect with us! *****

Instagram: https://www.instagram.com/neighborhoodmoneypodcast/
Facebook: https://www.facebook.com/neighborhoodmoney
Twitter: https://twitter.com/NMoneyPodcast

Andy Poster from A Posters View joins us this week to talk about stepping outside of your comfort zone, putting your head down and working hard to achieve your dreams, and creating your own path. Be sure to stick around for this week's Money Minute and Cavan and Drew jump in on the craze...of what? Listen until the end to find out. Welcome to the Neighborhood!

Building a team around you, sticking to your strengths and taking calculated risks are the keys that has allowed Ian Scherber to take Duluth Screen Printing Co. to where it is today. This conversation is packed - from starting a business in a dorm room to spending their Europe trip money on a screen printing press. Be sure to stick around for this week's Money Minute and to hear Drew's and Cavan's thoughts on the current market. Welcome to the Neighborhood!

Check out Ian at:

https://www.instagram.com/duluthscreenprintingco/
https://www.duluthscreenprinting.com/

***** Connect with us! *****

Instagram: https://www.instagram.com/neighborhoodmoneypodcast/
Facebook: https://www.facebook.com/neighborhoodmoney
Twitter: https://twitter.com/NMoneyPodcast

Everyone has heard of real estate investing, but have you heard of wholesaling? In today’s episode Cavan and Drew sit down with James Greiner, President and founder of Cornerstone Home Solutions, to hear all about how he got into the real estate industry and his journey into wholesaling. James has been through it all - a $12k scam, almost unable to pay his bills to now running a successful business. Make sure to stick around to learn about compound interest in today’s Money Minute. Oh and don’t forget to listen in on what’s going on in Drew and Cavan’s neighborhoods…baby tattoos and a confession?!

Joining us this week is dietitian and nutrition expert Alaine Keogh from Alaine Keogh Nutrition. Alaine sheds light on so much - how to get over hurdles that you’re faced with when it comes to living a healthier life, how you can reduce or avoid stress eating whether it’s financial stress or other stress, and more! Also, she shares her journey as an entrepreneur, what ultimately got her to take the plunge into starting up her own nutrition business, and how she can help YOU achieve your goals. Make sure to stick around to the end to hear another Money Minute and what’s going on in the neighborhood!

Check out Alaine at:

https://www.instagram.com/alainekeoghnutrition/
https://www.tiktok.com/@alainemetabolicdietitian

Drew and Cavan have their hands full this week as they discuss crypto, the blockchain, NFTs and the Metaverse. Let's call it your point of entry if you are new to this space! Also, listen in to hear what both of them think about the future of all this technology - will we be going to concerts...virtually??

You know what's weird?! That the national animal of Scotland is a unicorn or that competitive art use to be an olympic sport. You know what shouldn't be weird? Talking about money. Mike Krueger from Team Krueger Financial Coaching joins us this week in the neighborhood to talk about his and his family's mission to make talking about money not weird. Listen to his story about how a $2 cup of coffee not only completely changed his life, but the lives of 25 families that Team Krueger have helped to payoff over $400,000 in debt! Also, we are welcoming a new segment to the show this week...Money Minute!

This year for the neighborhood holiday episode, Drew and Cavan share their top moments of 2021. There were A LOT of different topics on the podcast this year, from 401(k)s and Roth IRAs, to HSAs, budgeting, and so much more. Thank YOU for tuning in each and every week! We'll see you next year...in the neighborhood!

Our neighbor Howard Dekkers joins us this week to share his story to financial freedom and the financial freedom plan that got him there. Money mindfulness, budgeting and simplicity are just a couple of things taught at the School of Success. It's never too late to start your wealth building journey. 

If your want to learn more about Howard and the School of Success, check out his work over at:

https://howarddekkers.com/

Merry Christmas and Happy Holidays everyone!