Queer Money®: How Gay People Do Money

Show notes: https://queermoneypodcast.com/podcast/short-term-financial-plan/ 

On this episode of Queer Money, we share five steps to creating a short-term financial plan that supports your long-term goals, describing how to spend less than you make and put the difference toward your financial goals. 

Topics Covered 

• 5 steps to creating an effective short-term financial plan
• Why it’s crucial to choose short-term goals that support your long-term financial plan
• How to improve your cash flow by growing the gap
• How to increase your income with overtime, a part-time job or side hustle
• Why paying off debt is the fastest way to grow your net worth
• The tools available to help us spend less on the things we like to do already
• Why LGBTQ individuals go into debt keeping up with our friends
• How to build a social calendar that fits your budget

Resources 

• 5 Steps to Make a Long-Term Financial Plan on Queer Money EP291
• How to Side Hustle with I Like to Dabble on Queer Money EP233
• 10 Easy Ways to Find Extra Money on Queer Money EP267
• Credit Card Debt Slasher Toolbox
• Capital One Shopping
• How to Have a Fabulously Gay Social Life
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Queer Money on YouTube
• Subscribe on iTunes
• Email [email protected]

Full show notes: https://queermoneypodcast.com/podcast/long-term-financial-plan/ ‎

On this episode of Queer Money, we share five steps to creating a successful long-term financial plan, explaining how your long-term, short-term and daily goals influence each other.

Topics Covered 

• Why we have such a hard time reaching long-term financial goals
• How long-term, short-term and daily financial goals influence each other
• The 5 steps to creating your own long-term financial plan
• Choosing 1 to 3 QUEER money goals (Quantifiable, Understandable, Executable, Exciting and Relevant)
• The value of knowing the WHY behind your long-term financial goals
• Why we suggest opening separate accounts to fund each goal
• How to automate the process of saving for your long-term money goals
• Why we recommend sharing your financial goals with your LGBTQ friends and family

Resources 

• Credit Card Debt Slasher Toolbox
• Go Bigger by Setting Goals the QUEER Way on Queer Money EP076
• 7 Quick Tips to Eliminate Debt Fast on Queer Money EP287
• What’s the Difference Between a 401(k) and 403(b)? on Queer Money EP166
• CreditWise
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Queer Money on YouTube
• Subscribe on iTunes

Show notes:  https://queermoneypodcast.com/podcast/things-to-know-about-stocks/ 

There is no part of the economy set up for success quite like the stock market. In fact, we consider it one of the three killer pillars to financial independence.

On this episode of Queer Money, we share the top three things you need to know about investing in the stock market.

Topics Covered 

• How technology makes it easy to invest in the stock market
• What it means to own stock in a company
• The difference between common stock and preferred stock
• How a stock loses value when a company performs poorly
• Why we don't recommend putting all your money in one company
• The risks and rewards associated with investing in stocks
• How media hype, politics and the economy influence stock performance
• How we grew our net worth to $1M with stock investing
• The pros and cons of individual stock investing
• How to use a free stock research app to explore investing

Resources 

• ‘GameStop, Reddit and Robinhood: A Full Recap of the Historic Retail Trading Mania on Wall Street’ on CNBC
• ‘These Stocks Are Surging After House Passes $1T Infrastructure Bill’ in Forbes
• ‘AMC Insiders Have Unloaded $70M of Stock This Year’ in Bloomberg Wealth
• Dogecoin
• CreditWise
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Queer Money on YouTube
• Subscribe on iTunes
• Email [email protected]

Show notes:  https://queermoneypodcast.com/podcast/manage-money/

7-Step Credit Card Debt Slasher Tool

On this episode of Queer Money, we share our top six ways to better manage your money, explaining why you should get out of the Spending or Leveraging Class and join the Saving or Investing Class asap.

Topics Covered 

• Why household debt is on the rise right now
• The pros and cons of the Great Resignation
• Why we are advocating for a Great Debt Reduction
• Our top 6 ways to better manage your money
• The danger in being part of the Spending or Leveraging Class
• How you benefit from joining the Saving or Investing Class
• Cultivating a belief that you are financially independent
• The importance of using banking products
• How voting in local elections impacts our financial security
• Using a spending analysis to help you reduce debt

Resources 

• 7-Step Credit Card Debt Slasher Tool
• Credit Karma FOMO Survey
• Capital One Post-Pandemic Financial Wellbeing Study
• The 4 Financial Classes on Queer Money EP227
• Matthew Raymond on Queer Money EP275
• 3 Sources of Our Bizarre Money Stories Video
• Prudential 2018 Financial Wellness Census
• CreditWise
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Queer Money on YouTube
• Subscribe on iTunes
• Email [email protected]

Show notes here: https://queermoneypodcast.com/podcast/fitness-tips-gay-men/

40 isn’t fatal. You can be healthy, happy and fit in your 40s and beyond, provided you prioritize wellness and make movement a regular part of your life.

And much like investing your money wisely, investing in the right workout routine can help you burn more calories and get the most out of your time at the gym.

On this episode of Queer Money, we share our top five gay fitness tips for men in their 40s. 

Topics Covered 

• Our top 5 fitness tips for gay men in their 40s
• The benefit of super setting weight-bearing exercises
• How to get the best ROI on your workout
• Why it’s crucial to maintain a consistent diet
• What high-nutrition foods we eat for breakfast, lunch and dinner
• How having a workout buddy helps us stay on track
• What you can do to control your cortisol level as you age
• Why it’s important to get adequate sleep
• The 5-step workout routine that works for us

Additional Resources

• 5 Building Blocks of a Happy Gay Life
• 7 Cost-Conscious DIY Grooming Tips on Queer Money EP259
• The Happy, Healthy, Wealthy Gay Men’s Toolbox
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Queer Money on YouTube
• Subscribe on iTunes
• Email [email protected]

Do you feel obligated to spend money for the holidays? Yes, it is the season of giving. But if you’re taking on debt to buy gifts for friends and family, you may feel less festive and more stressed.

But what if you had a plan to pay off that holiday debt fast?

On this episode of Queer Money, we share seven quick tips for getting rid of debt as quickly as possible, challenging you to get crystal clear on WHY you want to pay off your cards and avoid accruing more debt.

Topics Covered 

• 7 quick tips for paying off holiday credit card debt ASAP
• How a clear WHY fuels you to keep working toward a goal when times get tough
• 3 strategies you can use to stop accruing debt
• Why we spend less when we use cash rather than credit or debit cards
• The benefit of paying your bills on payday vs. waiting until they’re due
• How to do a spending analysis to rein in overspending (e.g.: subscription services you don’t use)
• Our advice on building an emergency savings and keeping the money at arm’s length
• Our 5-step debt lasso method for paying off credit cards
• Putting extra money (e.g.: holiday bonuses) toward credit card debt

Resources 

• Download the 7-Step Credit Card Debt Slasher
• 13 Christmas Savings Hacks on Queer Money EP286
• NerdWallet Article on Cash vs. Credit Cards
• CreditWise
• 5 Building Blocks of a Happy Gay Life
• The Happy, Healthy, Wealthy Gay Men’s Toolbox
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Queer Money on YouTube
• Subscribe on iTunes
• Email [email protected]

On this episode of Queer Money, we share our 13 best Christmas savings hacks, explaining how to decide who you REALLY want to buy gifts for and how much to spend.

Topics Covered 

• How to decide who to buy gifts for and how much to spend
• Why you don’t always have to give gifts that are brand new
• When to shop to get the best deals on Christmas gifts
• How to simplify the way you celebrate to focus on the experience
• The 3 best places to shop for affordable fashion online
• How to save money by shopping with discounted gift cards
• The best apps for scanning products to find the best price
• Our favorite subscription boxes to gift for the holidays
• What Chrome extensions we use to find the best prices online
• How to ‘get physical’ and make your holiday more active
• How to learn about discounts by joining a retailer’s email list
• Our ‘elf on a shelf’ strategy for getting Amazon discounts
• Your right to opt out of celebrating in a commercial way

Resources 

• Capital One Shopping
• CreditWise
• 5 Building Blocks of a Happy Gay Life
• The Happy, Healthy, Wealthy Gay Men’s Toolbox
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Queer Money on YouTube
• Subscribe on iTunes
• Email [email protected]

Show notes: https://queermoneypodcast.com/podcast/types-of-fire/

Does the idea of reaching financial independence and retiring early (FIRE) appeal to you, but you don't think it's possible? Maybe your definition of FIRE needs a refresh. 

On this week's podcast we discuss (and probably piss off the FIRE police) with our 7 different definitions of FIRE. 

Topics Covered 

• Why we don’t subscribe to the idea that there’s one right way to do FIRE
• The 7 different flavors of Financial Independence, Retire Early
• How the traditional definition of FIRE involves living 100% off investment income
• What it means to be a Financial Independence, Retire Entrepreneur
• How Financial Independence, Retire Investors work to build their stock or real estate portfolios
• The strategies you can use to live on less and achieve Lean FIRE
• 3 examples of how an individual might make enough money to reach Fat FIRE
• How people in the Coast FIRE category leave high-pressure jobs for less stressful roles
• The healthcare benefits that come with working part-time in Barista FIRE

Resources 

• Queer Money on YouTube
• What’s LGBTQ Financial Independence? on Queer Money EP281
• All Options Considered
• Debt Lasso
• CreditWise
• 5 Building Blocks of a Happy Gay Life
• The Happy, Healthy, Wealthy Gay Men’s Toolbox
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Subscribe on iTunes
• Email [email protected]

Full show notes: https://queermoneypodcast.com/podcast/effective-lgbt-leaders/ 

Would you like to be among the LGBTQ leaders who change the world for the better? What does an effective queer leader look like?

On this episode of the podcast, we share the five traits of an effective LGBTQ leader. 

Topics Covered 

• Why we need more LGBTQ leaders in C-suite positions
• How effective LGBTQ leaders own the fact that they’re queer
• The benefit of being active in ERG or BRG affinity groups in your company
• What distinguished confidence from arrogance
• How to develop confidence by creating a path of micro-wins
• How effective queer leaders under-promise and overdeliver
• The danger in getting caught up in superficial drama
• How effective LGBTQ leaders make it a point to give back
• How to adopt the habits of an effective LGBTQ leader

Additional Resources 

• CreditWise
• 5 Building Blocks of a Happy Gay Life
• The Happy, Healthy, Wealthy Gay Men’s Toolbox
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Subscribe on iTunes
• Email [email protected]

Show Notes:  https://queermoneypodcast.com/podcast/lower-student-loan-payments/

On this episode of Queer Money, Howard Divorkian joins us once more. This time to explain what it means to consolidate your student loan debt and why now is a good time to do so.

He shares the difference between federal and private student loans, introducing us to the government’s Public Service Loan Forgiveness or PSLF program and describing how to lower your interest rate on bank loans.

Listen in to understand why those of you on income-based repayment plans should still check into student loan debt consolidation and find out how where to go for help navigating the process!

Topics Covered

• What it means to consolidate your student loan debt
• The difference between federal student loans and private student loans
• How people who work for nonprofits and government agencies can register to eliminate their federal student loan debt at the end of 10 years
• Where to go for help with student loan debt consolidation
• How to consolidate private student loan debt and lower your interest rate
• Why now is a good time to consolidate private student loan debt
• Why Howard doesn’t advise consolidating government and private student loans together
• How Debt.com helps you navigate the student loan debt consolidation process
• Why you should still check into student loan debt consolidation even if you’re on an income-based repayment plan or part of the PSLF program

Additional Resources

• Credit Card Pay Off Plan
• Filing for Bankruptcy on Queer Money EP226
• Debt Settlement on Queer Money EP238
• Debt Management on Queer Money EP258
• CreditWise
• Debt Free Guys on Facebook
• Debt Free Guys on Twitter
• Queer Money Facebook Group
• Queer Money on Instagram
• Subscribe on iTunes
• Email [email protected]