Oct 18, 2021. Episode 16

In todays episode share the various fin-tech tools I have used over the past several years & highlight M1 Finance and its many great features.

I forgot to mention in podcast, the M1 Spend checking account is furnished by Lincoln Savings Bank, Member FDIC. M1 Spend Visa Debit card issued by LSB, Member FDIC.

In a nutshell:

M1 Finance is for long-term investors that want to select a portfolio and get on with their life.

Robinhood is for investors that want to learn how to trade individual stocks, ETFs, options, or cryptocurrency.

If you follow my podcast, you know I provide insights for those wanting to build and live best life, not for those that want to day trade crypto. I will say, having been a member of Robinhood since 2015 - I bought in Jan 2016 when market pulled back - and have held those positions since.   However, it's time to clean up some of my misc accounts and consolidate with a platform like M1 that offers more for the largely buy and hold investor.   

M1 does not offer joint spend accounts at this time - so if married, you & spouse will each need to get account.  For now - this can work, as you can each create account for Roth IRAs etc.   M1 also has recurring deposit or withdrawal feature,  enabling dollar cost averaging investments - or if living on investments, allowing routing transfers into a joint bank or credit union account.

With the fall in full swing, and the leaves changing colors, now is the time for change.  Don't wait until you've gained another 10 pounds & your bad habits more deeply ingrained.... now is the time for change.  In todays episode cover the secret and not so secret methods to get heathy before the unhealthiest :"quarter" of the year....

In this podcast, I highlight findings from book, Fat Chance - Robert Lustig.

Why am I so Angry?

September 28, 2021

On today's podcast I want to share my revelation or maybe just an acknowledgement regarding my feelings of negativity and anger over  the past month.  I feel like I have been harboring just a lot of negative energy.

I am going to break down my situation, the impact and what I am going to do about it.

I hope this discussion is helpful, and enables you also to build and live your best life.

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Hello All -

It is September 30th 2021 and if you or others are clueless about how to invest for retirement or are questioning if the "guy or gal" you use is providing good direction - this post may be helpful to you.

Bottom line up front:  Invest your 401/IRA/etc in 2 Funds, a target date fund (targeted at date you plan to retire), and a Small Cap Value Fund.  For the target fund, invest your (AGE X 1.5)%, and remainder in the small cap fund.  For example - if you are30 years old, then (30X1.5=45), therefore 45% in target date and 55% in small cap value fund.

Rebalance at least every 5 years but no more often than once a year... and that's it.  Invest 15% into 401k every pay day into these 2 funds at this mix - and move on with life!

Find more detail and links at my blog post here:

https://setfreeat53.blogspot.com/2021/09/simplify-investment-approach-maximize.html

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After closing on our FSBO (for sale by owner) purchased condo on July 2, we did a full renovation in 30 days.  

We now have a safe place for our youngest 2 children to stay while finishing college as well as a place for family holidays.

Tools:

Spray painter: Wagner Control Pro 130

Texture Sprayer: Wagner Powertex Texture Gun

Knowdown tool: Hyde Knowdown 18in Texture Knife

Was there something that you always wanted to accomplish, you knew generally what needed to be done to do it, but for some reason never took action or was stalled until, well, suddenly something "clicked" and you were moved to action?  That's the topic of todays discussion.

DISCLAIMER

Find your road to freedom website, blog and related podcasts are provided for general information purposes only and do not constitute accounting, legal, tax, or other professional advice. Visitors should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional.

How do you build and achieve your best life?  

Starts with a vision, a set of goals and accomplishing a few every 100 days.

We'll talk it through - and if you are committed, willing to be a bit uncomfortable, you will achieve greatness!

DISCLAIMER

Find your road to freedom website, blog and related podcasts are provided for general information purposes only and do not constitute accounting, legal, tax, or other professional advice. Visitors should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional.

Let's break down what a financial plan is & walk you through the steps of creating one.

In Part 3 of 3 part series, we'll cover retirement, insurance, dependent estate planning along with tips on implementing and monitoring your plan.

It can be over-whelming, but doesn't have to be if you take one step at time.

In this 3 part series we will build your plan together, covering these 9 Steps:

1. Preparing financial plan.

2. Income planning.

3. Determining net worth.

4. Investments.

5. Retirement planning.

6. Insurance.

7. Dependent planning.

8. Estate planning.

9. Implementation & monitoring.

Links & references:

Mint.com (budget & net worth tracking)

https://www.garrettplanningnetwork.com/about/how-to-choose-an-advisor/ (hourly fee planners)

https://www.personalcapital.com (account aggregator)

https://www.m1finance.com/ (low cost banking & investment site)

https://www.ramseysolutions.com/ramseyplus/everydollar (excellent app, but costs $129/year)

https://www.mywealthtrace.com (Retirement planning software - $269/year)

https://www.ssa.gov (Create your own on-line account for benefit information)

https://www.amazon.com/Financial-Planning-Workbook-Comprehensive-Successful/dp/1736696106/ref=asc_df_1736696106/?tag=hyprod-20&linkCode=df0&hvadid=508977995883&hvpos=&hvnetw=g&hvrand=3393154733505220407&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9020369&hvtargid=pla-1276140814717&psc=1. (Planning workbook)

DISCLAIMER

Find your road to freedom website, blog and related podcasts are provided for general information purposes only and do not constitute accounting, legal, tax, or other professional advice. Visitors should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional.

Let's break down what a financial plan is & walk you through the steps of creating one.

In Part 2 of 3 part series, we'll cover Income planning, net worth and investments.

It can be over-whelming, but doesn't have to be if you take one step at time.

In this 3 part series we will build your plan together, covering these 9 Steps:

1. Preparing financial plan.

2. Income planning.

3. Determining net worth.

4. Investments.

5. Retirement planning.

6. Insurance.

7. Dependent planning.

8. Estate planning.

9. Implementation & monitoring.

Links & references:

Mint.com (budget & net worth tracking)

https://www.garrettplanningnetwork.com/about/how-to-choose-an-advisor/ (hourly fee planners)

https://www.personalcapital.com (account aggregator)

https://www.m1finance.com/ (low cost banking & investment site)

https://www.ramseysolutions.com/ramseyplus/everydollar (excellent app, but costs $129/year)

https://www.amazon.com/Financial-Planning-Workbook-Comprehensive-Successful/dp/1736696106/ref=asc_df_1736696106/?tag=hyprod-20&linkCode=df0&hvadid=508977995883&hvpos=&hvnetw=g&hvrand=3393154733505220407&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9020369&hvtargid=pla-1276140814717&psc=1. (Planning workbook)

DISCLAIMER

Find your road to freedom website, blog and related podcasts are provided for general information purposes only and do not constitute accounting, legal, tax, or other professional advice. Visitors should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional.

The current housing market is insane.  Absolute sellers market, pricing skyrocketing.

Why is this happening?

If you're buying, should you use a realtor or not?  

We bought a condo this week from a For Sale by Owner,  and we didn't use a realtor, I'll share the experience.

DISCLAIMER

Find your road to freedom website, blog and related podcasts are provided for general information purposes only and do not constitute accounting, legal, tax, or other professional advice. Visitors should not act upon the content or information found here without first seeking appropriate advice from an accountant, financial planner, lawyer or other professional.