The Money Millhouse

Bethany and Ellie are having an awesome day in The Money Millhouse speaking way too much about their coffee, then moving on to the topic of friendship. Can your business partner be your friend? Dr. Krista Wells joins the show to discuss that very question, plus setting boundaries in friendships, "friendship pre-nups", and the psychological benefits of good friends. She also touches on toxic friendships, taking your friendship “energy pulse,” knowing when to end friendships, and different kind of boundaries. 

Bethany and Ellie then discuss friends plus money and their methods of keeping those boundaries clear. They also talk about traveling with friends, lending money, and positive things when it comes to ways friends can help you earn things for FREE.

Bethany and Ellie have good friend Lacey Langford in the Millhouse today to talk about how you can move from fear to confidence in money matters. Ellie and Bethany talk about reasons people can be afraid of money, their own personal times when they have been afraid of money, why it is important to be a student about money, and "adulating in general." 

Lacey also talks about unique financial challenges our military members may face. When choosing options, often fear stops people from making a decision and taking action. Lacey touches on how to gain confidence through effective budgeting, including things to keep in mind when making a budget and how much families should be spending on food each month. She even adds some great information about the new Blended Retirement System (BRS) military members will be choosing this year. 

The show kicks off with a bang as Bethany and Ellie talk about saving money when it comes to eating healthy, including menu planning and tips on shopping at the grocery store. Ellie suggests t start your menu planning by looking into your pantry and avoid wastage. Danna Demetre joins the conversation on how the principles to save money are the same when it comes to your health, as well. Learn about which poisons currently going into your body that you can cut out, which sweetener is the best for your body, and why disease can be expensive. Also learn why having Mental Health Days are important and natural days to de-stress.

Learn about Ellie’s first business as a child, and the advantages of working for yourself as an employer as she grew up. They also discuss some of the pitfalls for home-based businesses that you should avoid, the risk factors to keep in mind, and crunching the numbers when it comes to choosing a home-based business. Erica McMannes joins the conversation about her passion to create remote jobs for military spouses. We talk about the need for spouses to have dual income, the difficulties to bootstrap a business, what bootstrapping means, and what opportunities there are for remote work. Later in the show, Ellie and Bethany talk about the difference between independent contractors and a regular employee. They also talk about important tax information entrepreneurs need to keep in mind. They touch on the difference between a hobby and a business, as well as the benefits of each.

In the first part of the show, Bethany and Ellie talk about owning a dog and the expenses you should plan for if you are considering a furry family member. Dr. Jennifer Degler joins them to talk about having conversations about money with your spouse. Learn the main source of arguments that can tear marriages apart, how to have a successful money conversation with a spouse or significant other, and the difference between arguing about money or deeper issues. When is the right time to talk about Money?

Today on the show, Ellie and Bethany talk about communicating to your spouse about money. Pam fare joins in the discussion with talking about how men are like waffles and women are like spaghetti.

Gerri Detweiler is in The Money Millhouse today with Ellie and Bethany to talk all things Credit. Before she stops in, Bethany talks about her favorite pair of shoes, why rules don’t apply to her, and unusual places you can find Bed Bath and Beyond coupons. Gerri talks about credit card myths, nuances in the credit space, and why closing credit accounts could hurt your credit score instead of hurting it. Also find out why Ellie and Bethany really mean when they call certain things “stupid.” 

Today Ellie and Bethany hop in the car on a road trip to meet JJ Montanaro, a financial planner at USAA and Army Veteran, to talk about planning for the future. On the way, they discuss saving money on travel—from road trips to International trips, there are a lot of great resources out there to help you. JJ suggests to have a plan when saving: Start Early, Start Small, and Stay Committed. He touches on deterrents to saving money, having a stash of cash for an Emergency Fund, long term goals like Retirement, home down payment, vacation, then moves on to having savings accounts earmarked for specific goals, what percentage should go into savings, what to look for when it comes to BRS. Once Ellie and Bethany get back to the Money Millhouse, they talk about their own savings goals, the importance of an Emergency Fund, and finish on why serving the Military is so near and dear to our hearts.

Bethany and Ellie have Tiffany Aliche is in the Millhouse talking about budgeting, cutting back to focus on priorities, born spenders vs. savers, and the balance in relationships when it comes to money. Ellie shares her story about how she got to where she is today, and Bethany recalls an instance where she got free Sprite as a child.

Join Bethany and Ellie as they talk to Rod Griffin as he talks about what your credit report and scores affect lots of different parts of your life, the myths of credit reports,  the difference between bad and good credit scores in the cost of credit of their lifetime, and the most powerful word in credit. Also in the show, Ellie gives Bethany a present, they talk about Date Night ideas, and a special secret is revealed at the end of the episode.