EP173: What is a Health Savings Account?

What is a Health Savings Account (HSA) and is it a good money move for you?</p> With open enrollment right around the corner, I am going to break down everything Health Savings Account today. Here's what you will hear on the show today:</p> <ul> <li>How does an Health Savings Account Work?</li> <li>Who is eligible and who is not?</li> <li>How much can I contribute to an HSA?</li> <li>What are the tax benefits?</li> <li>Employed versus Self-Employed?</li> <li>Best places to open HSA?</li> </ul> And most importantly - How do I determine if an HSA is a good plan for me?</p> **</p> Mentioned in this episode</p> <ul> <li><a href="https://www.moneypeach.com/lively">Best Place to Open an Health Savings Account</a></li> </ul> **</p> Are you currently living on a plan for your life and money...AKA a budget?</p> The #1 habit of the most highly successful people is they are proactive. They don't wait for life and money to happen to them, they happen to their life and money.</p> If you haven't started yet, now is the best time to start living on a simple budget. It's time to be proactive.</p> <a href="https://www.moneypeach.com/budget">Grab Free Budget Templates Here</a></p> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href= "https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p>  </p> All the show notes, links and anything I mentioned can be found at <a title="https://www.moneypeach.com/session150" href= "https://www.moneypeach.com/session150">https://www.moneypeach.com/session173</a></p>

00:26:55

EP172: Help! I Have IRS Problems - What Are My Rights?

Do you have IRS problems or maybe worried that your tax situation may not be as good as you thought?</p> Or, are you a victim of identity theft and the IRS is telling you owe money you really don't owe?</p> First off — you're not alone. Whether you owe the IRS or you are trying to prove you don't owe the IRS, what are your options?</p> What can you do right now?</p> What should you be doing right now?</p> And what are your rights when it comes to managing a situation with the IRS?</p> I will be asking our IRS expert Ben Golden all of this and more when it comes to dealing with the IRS.</p> Mentioned in the Episode:</p> 👉 <a href= "https://irstroublesolvers.com">https://irstroublesolvers.com</a></p> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href= "https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a href= "https://www.moneypeach.com/session172">https://www.moneypeach.com/session172</a></p>

00:32:28

EP171: Should I Lease a Car or Get an Auto Loan?

When it comes time to drive off a new car, you have three basic options:</p> <ol> <li>You can pay cash</li> <li>You can get an auto loan </li> <li>You can drive off with a lease</li> </ol> But with the average price of a new car at almost $41,000, most drivers today are driving off the lot with either an auto loan or a lease.</p> ❓ But which is better - an car lease or an auto loan?</p> What are the costs that go with each?</p> And how do you know if you're making the best financial decision when it comes to driving your next car?</p> Is there something we are missing when comparing the two?</p> Today on the show, I will compare the auto loan and car lease, so you can decide which is the best way to drive off the lot in a new car.</p> But, to start off, the simplest way to separate an auto loan and a lease is by understanding that an auto lease allows you to DRIVE the new car, whereas an auto loan allows you to DRIVE and BUY the car.</p> ❗ ❗ Of course there’s a lot more to it and to tell the whole story let’s jump right in.</p> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href= "https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a href= "https://www.moneypeach.com/session171">https://www.moneypeach.com/session171</a></p>

00:45:10

EP170: How Does a Cash-Out Refi Work and is it Right for Me?

On the show today I am breaking down the Cash-Out Refinance strategy.</p> Many people are noticing a high uptick in the value of their homes, and with this uptick in value comes an increase in home equity.</p> So what can you do with the equity in your home, how does it work, and what are the risks?</p> In this episode I am going to break down:</p> <ul> <li>How to calculate your home's equity</li> <li>How much of the equity you can actually tap into</li> <li>The process of of a cash-out refinance</li> <li>Reasons for going with a cash-out refi</li> <li>The risks the banks forge to tell you about</li> </ul>  </p> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href= "https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a href= "https://www.moneypeach.com/session170">https://www.moneypeach.com/session170</a></p>

00:23:50

EP169: What is "Infinite Banking" and is it a Scam?

On the show today is America's #1 Money Mentor, Chris Naugle.</p> I'll be honest — I brought Chris to have a conversation on a topic we don't agree on...infinite banking.</p> If you haven't heard of infinite banking before, you're perfectly normal. It's not a very popular term in the financial world and most financial gurus like Dave Ramsey and Suze Orman are completely against it.</p> But, what I've learned over the years in this world of personal finance is not every <em>guru</em> is always right.</p> Therefore, I decided to say "yes" to my guest today so I can ask him the hard questions about...</p> <ul> <li>how infinite banking works</li> <li>why it is (or is not) a scheme</li> <li>the risks</li> <li>do you have to wealthy to utilize infite banking</li> <li>are there better alternatives</li> </ul> Now, we will dive into infinite banking in depth, but here is the sceanrio/example he used inside the episode:</p> 👉 You deposit $1,000 into a whole life cash value life insurance plan (yes, you read that correctly...and I was cringing when he said it).</p> 👉 The life insurance plan pays out 4% guaranteed return plus non-guaranteed dividends. The dividends in this scenario were 2%. Therefore, your return is 6%.</p> 👉 Then you immediately borrow from the life insurance plan $900, while your $1,000 remains inside the plan earning 6%. You borrow the $900 at 5%, earning a 1% spread.</p> 👉 Next you take the $900 that you are paying 5% while earning 6% on your $1,000 and you use it to pay off high interest debt, to save, or to invest.</p> In theory, this looks great on paper. But, I had a lot of questions and concerns with this strategy and kudos to Chris Naugle (my guest) for answering every question I throw at him.</p> Mentioned in the Show</p> Learn more about <a href= "https://www.chrisnaugle.com/">Chris Naugle and Infinite Banking Here</a>.</p> <a href= "https://moneyschoolrei.com/masterclass-broadcast-chris">Watch the Free 90-minute webinar with Chris</a></p> Free Book: <a href="https://www.chrisnaugle.com/book/">Mapping Out the Millionaire Mystery by Chris Naugle</a></p> <a href="https://www.youtube.com/watch?v=5MVUN0yGF80">[Watch] Dave Ramsey on Infinite Banking</a></p> Follow Chris on all social channels @thechrisnaugle</p> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href= "https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a href= "https://www.moneypeach.com/session169">https://www.moneypeach.com/session169</a></p>

00:47:33

EP168: Building Wealth through Multifamily Real Estate Investing with Gino Barbaro

There are so many strategies to building wealth and we try to explore all of them on this show.</p> Today I am interviewing an expert in multifamily real estate investing - Gino Barbaro.</p> Gino, and his partner Jake, are both experts in multifamily real estate investing and have achieved.</p> They are NOT from the financial world...meaning they didn't get a PhD in finance and then build their wealth. Nope, Gino was a pizza restaurant owner and Jake was a pharmaceutical rep...which just shows us that everyday people like you and I are learning AND actually building wealth.</p> Jake and Gino also have an entire website with multiple podcasts dedicated to showing you how to get started in real estate.</p> Jake and Gino</p> Learn more about <a href= "https://jakeandgino.com/">Jake and Gino here</a>.</p> The Book: <a title= "How To Create Passive Income, Build Wealth, And Take Control Of Your Destiny Through Multifamily Real Estate Investing" href="https://amzn.to/3xd59JB">Wheelbarrow Profits</a></p> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href="https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a href= "https://www.moneypeach.com/session168">https://www.moneypeach.com/session168</a></p>  </p>

00:44:26

EP167: How to Create Digital Cash Envelopes with Ryan Clark

Have you ever tried using cash envelopes but realized it wasn't a lot of fun?</p>  </p> You know...carrying around envelopes full of cash at the grocery store or pulling out that sexy envelope container at dinner with friends?</p>  </p> Well, what if there was a way to use cash envelopes 100% electronically AND still having the same results of curbing the overspending?</p>  </p> Today on the show, I am bringing on founder of Qube Money, Ryan Clark, to explain how Qube allows you to use digital envelopes to help you manage your money.</p>  </p> ***IT'S REALLY REALLY COOL!**</p>  </p> Qube Money</p> Learn more about <a href= "https://www.moneypeach.com/qube">Qube Money here</a>.</p> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href="https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a href= "https://www.moneypeach.com/session167">https://www.moneypeach.com/session167</a></p>  </p>

00:27:32

EP166: How to Open a Brokerage Account

On the show today, I am going to explain what a brokerage account is and how to open one.</p> There are three different ways to start investing in the stock market:</p> <ol> <li>Through a Financial Planner or Financial Advisor</li> <li>A Self-Directed Brokerage Account</li> <li>A Robo-Advisor</li> </ol> Since it's pretty self-explanatory on how to get set up with a financial advisor, the purpose of this episode is to show you how to open up a self-directed brokerage account and/or how to get started with a robo-advisor.</p> By the end of this episode, you will have a better understanding of how each works, which will help you make your decision on which is best for your investment style!</p> BONUS</p> VIDEO: <a href="https://youtu.be/Ri0PGrcMzJo">The Backend of My Own Investment Account</a></p> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href= "https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a title="https://www.moneypeach.com/session166" href= "https://www.moneypeach.com/session166">https://www.moneypeach.com/session166</a></p>

00:20:48

EP165: Passive Income via Hard Money Lending

Did you know you can generate passive income and/or diversify your retirement portfolio through Hard Money Lending?</p> A hard money loan is an interest-only short-term loan primarily used in real estate with the loan being secured by property.    In a nutshell, you become the "bank" and you lend money to borrowers and receive monthly interest payments just like a bank would receive monthly monthly payments from a mortgage borrower.   The only difference is you (the bank) can charge much higher interest between 10% and 18%, whereas the bank's current rates are right around 3.5%.   If you have a equity in your home, a pile of cash lying around, or you are looking to diversify your portfolio — hard money lending may be a great option for you.   BONUS As a hard money lender myself, I will show you exactly how I am lending hard money each month. I will share with you some tricks I have learned along the way and share with you my exact numbers for you to see exactly how it works.</p> Also, make sure to <a href= "https://eforms.com/promissory-note/">download the templates</a> I use as far the paperwork required prior to lending.</p>  </p> Mentioned in this episode</p> <ul> <li><a href="https://www.moneypeach.com/session162">Episode 162: How Does a HELOC work?</a></li> <li><a href="https://www.moneypeach.com/session164">Episode 164: What is the BEST Mortgage for Me Right Now?</a></li> </ul>  </p> <ul> <li><a href="https://eforms.com/promissory-note/">eForms: Promissory Note Template</a></li> <li><a href="https://www.vantageiras.com/">Vantage IRAs: Self-Directed IRAs</a></li> </ul>  </p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href= "https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a title="https://www.moneypeach.com/session165" href= "https://www.moneypeach.com/session165">https://www.moneypeach.com/session165</a></p>

00:26:21

EP164: What is the BEST Mortgage For Me Right Now?

On the show today, I am going to break down 5 different mortgage loans you should know about:</p> <ol> <li>Conventional Loan</li> <li>Jumbo Loan</li> <li>FHA Loan</li> <li>VA Loan</li> <li>USDA Loan</li> </ol> By the end of the show, you will have an understanding for each of these different mortgages work and which one is best for you.</p> Enjoy the show!</p> Mentioned in this episode</p> <ul> <li><a href="https://www.moneypeach.com/session132">Episode 132: How to Improve Your Credit Score</a></li> <li><a href="https://entp.hud.gov/idapp/html/hicostlook.cfm">FHA Loan Limits by County and State</a></li> <li><a href="https://www.moneypeach.com/budget">Free Personal Budget Download</a></li> </ul> **</p> Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!</p> **</p> Today's show was brought to you by <a href= "https://www.oneazcu.com/">OneAZ Credit Union</a> — my very own credit union I have been proud a member of since 2011. </p> If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.</p> All the show notes, links and anything I mentioned can be found at <a title="https://www.moneypeach.com/session164" href= "https://www.moneypeach.com/session164">https://www.moneypeach.com/session164</a></p>

00:34:04