The Money Twins Podcast

On this Q&A Episode of The Money Twins Podcast, we answer the question, “What easy things can I do every day, to save money?”. We breakdown the answer into 2 segments; small daily habits (1:00), and big picture ideas (5:28).

On this episode of The Money Twins Podcast, the twins talk about why you should diversify your income, and how it can help you achieve your goals, much faster. GOALS (16:22) Brad discusses how signing up for HealthyWage can give you the motivation to get healthy, while getting paid. Q&A (23:04) Matt & Brad answer the questions; “Can I trade stocks in a 401k, and what are the gains and fees associated?” and “Can I make a Roth IRA contribution for the previous year?”.

The twins talk about what you need to do when you get a raise, and how it's ok to reward yourself. But, with how much? GOALS (14:32) They discuss the popular book, The 4-Hour Work Week, by Tim Ferriss, and how it can create a mind shift in your view of retirement. Q&A (20:20) Matt & Brad answer the questions; "When is it worth while to buy life insurance?", "Why is it hard for me to be financially responsible?". www.themoneytwins.com

In this episode of The Money Twins Podcast, the guys discuss what is the meaning behind the phrase, “The Millionaire Next Door”. 

GOALS (9:18) Niesha brings up that she had recently sent back her 23andMe DNA testing kit. Well, she got her results back!  She officially has ties to royalty, and not to mention, a famous astronomer.

Q&A – (17:05)

Matt & Brad give their take on the best ways to teach your kids about budgeting, investing, and at what age you should start.

Matt brings up how teaching kids about entrepreneurship can help cover multiple sides of this complicated topic along with other important life lessons. 

And Brad talks about how setting a basis is an integral key to helping teach your kids about money.

On this episode we talk about “Needs” versus “Wants”.  Matt and Brad clarify the difference between the two.  Do they mean the same thing for everyone?  How do you organize and prioritize a “need” and a “want” into your budget?  We also chat goals, how you can shift your mindset on a goal/need/want, and a couple things we are doing right now to stay healthy.

Matt and Brad believe you should label everything in your budget as a “need” or a “want”.

In this episode of The Money Twins Podcast, Matt & Brad discuss how transferring risk can be used to your benefit. What happens if you don’t have the assets to cover the loss of a loved one, and how transferring the risk to an insurance company can be extremely beneficial for you.