PoFU Podcast

Surround yourself with good people. And when it comes to finance, surround yourself with financially successful people. Ask questions, learn, exchange ideas, talk about money! In this episode Jeremiah shares a statistic that's not at all surprising: 84% of Americans stress about money at least once a week.  Easy to understand seeing that the majority of Americans live paycheck to paycheck and have weak financial bases.

The remedy to financial stress is obviously a strong financial foundation, but you don't get there by ignoring the problem. By surrounding yourself with successful people that want to talk about money, leaning on their expertise, and asking questions, you're exposing yourself to the secret sauce.

PoFU fans...it's been a while! Summer hiatus is no excuse, but that's what we are going with for now. It felt good to be back in the studio!

Don't let the episode title fool you, we didn't dive deep into the financial benefits of marriage. Why? To be frank, we couldn't find any! Of course there are benefits of bill and resource consolidation, but from a tax perspective we aren't aware of any major benefits when it comes to marriage. Is there a CPA or financial planner out there that would like to shed some light on this subject? If so, please email us at [email protected].

The Dave Ramsey's of the world will tell you that credit cards are evil and debit cards are the only way to go. We could not disagree more! Like everything, there are pros and cons to each. We break it all down for you in episode 48.

A new bill has been passed in the state of Michigan requiring all students (starting with the 8th grade class in Fall 2023) to complete a personal finance class in order to graduate high school. How man times have we heard "I was taught the pythagorean theorem but I was never taught how to balance a checkbook"? In the state of Michigan, that's all about to change.

Kudos to State Representative Diana Farrington for sponsoring the bill and her efforts to get it endorsed by the governor. This is a step in the right direction. In episode 47 we discuss the implications, question the curriculum, and even volunteer to teach this class!

Going into a new year we normally talk about goal setting. In episode 46 we have a different take on the subject: habit-setting instead of goal-setting. Habits are controllable and allow you to take "digestible" actions toward hitting a goal. In 2023 we are all about setting new habits!

PoFU Nation we are back! Surgeries, vacations, holidays, and of couse Jeremiah Time has kept us out of the studio, but we are back and ready to charge into 2023! This episode we discuss what worked and what didn't in 2022 and are excited to move the financial needle forward in 2023.

An integral part of the PoFU journey is dreaming big dreams. What would you do if you had all the money in the world? Would you buy stuff like houses, cars, and toys? Would you buy investments like stocks and real estate? Would you give some away to meaningful charities? A little dream session from time to time is a great exercise to help reinvigorate your PoFU goals, and what better time to do that when the Powerball jackpot is nearly $2 Billion!  We rarely play the lottery, but the entertainment value of chipping $10 into a pool with your buddies and dreaming some big dreams is money well spent.

This episode centers around the announcement of the recent student loan bailout and the $300 billion (or more??) bill handed out to the American taxpayers.  We start with a profanity-laced rant about how this is a colossal mistake, but we regroup and propose a solution that will not only revamp the entire student loan industry but will reduce the skyrocketing cost of college at the same time. Tune in to find out!

Arguably one of the largest investments some people will ever make, a college education is one that has seen diminished value over the past 10+ years. On the low end (public, in-state) the total cost of attendance for a degree averages about $125k nationwide. For private universities, that number soars to $270k!

As corporate demand for college degrees has reduced, the supply of college graduates has increased, and coupling these factors with the soaring cost of college, this investment has become an ROI-negative proposition for many. In this episode we explore why the value of college has dropped what we think should be done about it.

We heard you, PoFU Listeners! We took a little recording break over the back half of the Summer but we are back with a new episode. Summer in Michigan is a special time and we chose to soak up all the Summer we could before getting back in the studio.

Episode 41 is a State of the Union to bring everyone back up to speed on what's going down in PoFU-land. From a financial perspective, the stock market is down in recent months and the real estate market has cooled significantly. Our message to the listeners: Keep buying and stay the course. Stocks or real estate, over time the market always goes up, so in these times of a down market just look at it like everything is on sale and you're getting a better deal when you buy now.