In this wild real estate market, house hacking has become a popular way to lower your cost of living and take advantage of the appreciating asset of real estate.
But what is house hacking? How does it work?
Well, our guests today are here to help us learn more. Ali & Josh are the married couple and financial educators behind The FI Couple, a platform dedicated to helping individuals take control of their finances.
Personal Capital: HTTP://personalcapital.com/mkm
The FI Couple (Instagram): https://instagram.com/theficouple
Set for Life by Scott Trench: https://amzn.to/2T2xROe
Taylor & Scott Rieckens started a very public journey towards FIRE (Financial Independence Retire Early) a few years ago.
They developed a documentary entitled "Playing with FIRE" that received high praise from publications like the US News calling it one of the "Top 10 Best Finance Movies of the Decade".
Nicole and I wanted to check in with these two filmmakers, parents and financial independence enthusiasts and see how their FIRE journey has progressed over the past few years.
You know, see if they are still playing with FIRE!
Playing With FIRE - The Documentary: https://amzn.to/35UA816
Playing With FIRE (Website): http://playingwithfire.co
After taking the leap from my corporate career over a year ago, I sometimes look back and wonder… Did I make a mistake?
Did the glory of “going out on my own” and “doing my own thing” get me so excited that I didn’t think long-term enough?
Was this change a smart move?
I share some of the disadvantages of entrepreneurship versus being an employee and I highlight some of the pros as well.
Also, I interview Leslie & Mike Hermanson about why they decided to pay off their mortgage in their 30's.
As we grow up, our parents have a lot of influence on the people we eventually become. But outside of parenting, sometimes we are who we are and there's not much they can do to change it.
Nicole and I discuss how we were raised by our parents and if our money beliefs were crafted by that upbringing. Or was it something completely different? Are we just born how we are?
We explore the topic and enjoy a glass of wine together as usual.
Generational Wealth is the type of wealth that allows your family to experience financial freedom, choice, and options for generations to come.
The type of wealth that allows you to have the financial power to be the positive change you want to see in our society and our country.
Our guest today, Anne-Lyse Wealth, is here to tell us more about Generational Wealth and how we can all pursue it for our families.
Personal Capital: HTTP://www.personalcapital.com/mkm
Corporate Wellness (Contact Me): HTTP://www.marriagekidsandmoney.com/contact
Dream of Legacy (Anne-Lyse Wealth): https://dreamoflegacy.com/
With all the services and restaurants we interact with on a daily basis, it's hard to know when you should tip and when you shouldn't.
Nicole and I discuss the world of tipping and the etiquette we've developed around it.
And we also chat about the areas where we have no clue!
What are your go-to tipping policies?
How Much Should I Tip? w/ Maggie Oldham & Matt Schultz (MKM Session 47): https://marriagekidsandmoney.com/how-much-should-i-tip/
Investing can feel intimidating and a lot of times you don't know where to start.
I'm laying out how to start investing in 10 simple steps today.
Also, Cassie wants to know how to handle her 529 account after leaving her financial advisor. I share some quick tips for her as she makes this transition.
Personal Capital: http://www.personalcapital.com/mkm
Corporate Wellness: http://www.marriagekidsandmoney.com/contact
MN 529 Plan: https://www.mnsaves.org/
According to the American Psychological Association, 40-50% of marriages in the United States end in divorce.
With a statistic like that, one might wonder if a prenup (prenuptial agreement) is a smart move.
Nicole and I discuss if we should have gotten a prenup when we got married, if we would now, how second marriages would play out and if we'd recommend one to our daughter as she grows older.
What are your thoughts on prenups?
Facebook Group: https://www.marriagekidsandmoney.com/Community