Forget About Money David Baughier

Watch this episode and subscribe on YouTube [https://youtu.be/1sesGAJ50eg]

Jesse, a former financial consultant traded his American lifestyle for a more fulfilling life in Ensenada, Mexico.

Jesse shares his remarkable journey of leaving his U.S. career to start a massage business abroad and find financial independence in a low-cost living area.

🎯 Episode Highlights:

0:00 - Starting a New Chapter: Jesse's inspiring transition from the U.S. to Mexico, leaving behind a stable consulting career.

0:31 - Making the Retirement Decision: How he balanced retirement options after receiving a windfall.

2:27 - Selecting the Perfect Location: Why Ensenada became the ideal location for his new business.

4:18 - Transitioning to His Own Business: From couch surfing to building a successful massage studio.

6:41 - Cultural Influences in Entrepreneurship: Navigating the cultural differences in business.

10:21 - Impact of Americans in Mexico: Understanding gentrification and respecting local culture.

16:05 - Tips for Entrepreneurs Abroad: Jesse's valuable advice for starting a business outside the U.S.

19:40 - Benefits of Low-Cost Living: Exploring the financial advantages of living in Ensenada versus San Diego.

23:28 - Personal Financial Independence Journey: Jesse's path to financial independence before and after receiving a windfall.

34:17 - Financial Independence Path: How strategic financial planning led to his success.

38:41 - Potential Changes with Windfall: What he would have done differently if he had known about the windfall earlier.

42:21 - Seeking Happiness Beyond Wealth: Finding joy through community, purpose, and meaningful connections.

📝 Key Takeaways:

The challenges and rewards of starting a business in Mexico.

The financial and personal benefits of living in a low-cost area.

How a windfall can alter your retirement path, and the importance of staying true to one's values.

Intentional savings accounts and their role in fostering happiness and fulfillment.

Jesse's Links:

📧 Email: [jesse@ensenada-massage.com]

🌐 Business Website: [ensenada-massage.com/blog]

Connect with Us:

Follow the Forget About Money podcast for more stories like Jesse's.

Share your thoughts on this episode in the comments below, and don't forget to like and subscribe!

#ForgetAboutMoney #StartingABusinessInMexico #FinancialIndependenceJourney #LowCostLiving #WindfallRetirement #EntrepreneurshipAbroad #AmericanExpatsInMexico

Watch this episode and subscribe on YouTube [https://youtu.be/ER_sR5gyUcw]

🌟 Join Holly Morphew in this transformative video as she unveils the power of Spend Planning to not only manage your finances but to achieve long-term financial freedom and wealth building.

Enjoy Holly's expert insights on transitioning from traditional budgeting to the more dynamic Spend Planning approach and learn how to leverage it for your financial success.

📊 In this detailed guide, Holly will cover everything from the basics of Spend Planning to mastering cash flow management and overcoming common challenges. Whether you're a beginner looking to understand the fundamentals or an experienced planner aiming for financial independence, this video has something for everyone.

🔗 Chapters:

0:00 - Introduction

1:41 - Spend Planning vs. Budgeting

5:46 - Real-Life Transformations

11:18 - Initiating Your Spend Plan

26:15 - Practical Steps for Planning

33:58 - Mastering Cash Flow

38:18 - Overcoming Spend Plan Challenges

40:48 - Five Key Steps Recap

43:18 - Cash Flow Strategies for Early Retirement

43:44 - Final Thoughts on Spend Planning

🛠️ 5 Steps of Spend Planning:

1. Financial Awareness: Start by creating a net worth statement to get a clear overview of your financial health.

2. Track Spending Using an App: Holly recommends using the Tiller App [https://www.tillerhq.com/?via=holly] to keep an accurate record of your finances.

3. Refine Your Net Worth Statement: Continuously update your financial statement as you track your expenses over the next 3-6 months.

4. Calculate Your Impact Number: Identify the surplus money that can be used to reduce debt or invest in assets.

5. Invest in the Highest and Best Use of Your Dollars: Strategically use your impact number to maximize your financial growth.

🔗 Connect with Holly Morphew:

Holly's Book: [https://a.co/d/aI2hcZF]

Holly's Freebies: [https://financialimpact.com/freebies/]

Facebook: [https://www.facebook.com/HollyMorph]

Instagram: [https://www.instagram.com/hollymorph/]

LinkedIn: [https://www.linkedin.com/in/hollymorph/]

Twitter: [https://twitter.com/HollyMorph]

Holly's Facebook Group: [https://www.facebook.com/FinancialImpactSystem]

💡 Whether you're planning for retirement, looking to become debt-free, or aiming to enhance your wealth, Spend Planning can be your pathway to success. Don't forget to subscribe for more financial insights and strategies from Holly Morphew!

#SpendPlanning #FinancialFreedom #HollyMorphew #DebtFreeJourney #WealthBuilding #FinancialCoaching #MoneyManagement #Investing #RetirementPlanning #FinancialIndependence

👍 Like, Comment, and Share if you found this video helpful, and don't forget to subscribe for more valuable financial tips and strategies!

Watch this episode and Subscribe on YouTube [https://youtu.be/ZIQu3m0lXdM]

🌟 In this episode we chat with Rick Ferri, a renowned passive investing expert and ex-Marine Corps fighter pilot. In this dynamic interview, Rick shares key strategies for building wealth through smart asset allocation. Don't miss the insights!

📚 Chapters:

0:00 - Introduction with Rick Ferri

2:06 - Fighter Pilot to Finance Transition

4:45 - Embracing the Boglehead Investment Philosophy

7:01 - Influence and Insights from Jack Bogle

14:55 - Authoring Key Investment Guides

16:17 - Mastering Asset Allocation

30:24 - Effective Risk Management Strategies

38:47 - The Role of Real Estate in Diversification

50:37 - Investment Planning for Young Adults

1:04:54 - Foundations of Financial Independence

Understanding Asset Allocation:

Join Rick Ferri as he unfolds the essentials of asset allocation to optimize your investment returns over the long haul. Learn from his journey from fighter pilot to financial guru, embracing the wisdom of Jack Bogle along the way.

Key Takeaways:

Rick highlights the significance of precise asset allocation and offers expert advice on diversification and tax efficiency. He details practical strategies for using indexed retirement funds to simplify and strengthen your financial planning.

Watch and Learn:

🔗 The John C. Bogle Center For Financial Literacy Website [https://boglecenter.net/]

🔗 Rick Ferri's Insightful Podcast Interview with Jack Bogle [https://youtu.be/YCu8JbRQuFA?si=Wi39ICCB87Bgcag_]

🔗 A Few Good Funds, The Genius of Simple Investing [https://youtu.be/wyxIb9BI7_o?si=h-3tOBi7Qmo7gbMd]

Essential Reads by Rick Ferri:

All About Asset Allocation [https://a.co/d/aTPfv5L]

The Power of Passive Investing [https://a.co/d/3OZsiMI]

✨ Whether you're just starting out or seeking to refine your investment strategy, this interview with Rick Ferri is packed with actionable advice to guide you to financial success. Tune in and transform your approach to investing!

#RickFerri #AssetAllocation #InvestmentTips #FinancialIndependence #PassiveInvesting #Bogleheads #RetirementGoals #RiskManagement #RealEstateInvesting #FinancialEducation

Watch on YouTube and subscribe @forgetaboutmoneypodcast [https://youtu.be/xsf4j-ql12s?si=am3fARXYdgoolZJ0]

🌟 A passionate yoga instructor from sunny San Diego, Danielle dives deep into her money habits, sharing the ups, downs, and transformative realizations that are reshaping her financial destiny.

 🆓 Free Money Course: https://www.fiology.com/free-fiology-workbook/  

Join Danielle on her eye-opening journey towards financial enlightenment in this unmissable episode!   

From tackling pesky debts to dreaming big about geo-arbitrage adventures, get ready for a candid exploration of how she's bending her financial future towards success, all while maintaining a zen-like balance.. 🌟

What You'll Learn:

📘 Effective strategies for debt management and investment.

🧘 Insights into the financial aspects of being a yoga instructor.

🌏 How geo-arbitrage can significantly reduce living expenses.

💰 Techniques for maximizing income through diverse yoga offerings.

🤝 Importance of aligning financial and lifestyle goals in relationships.

Keywords: Financial Independence, Debt Management, Yoga Instructor, Geo-arbitrage, Investments, Danielle's Journey, Money Habits, Teaching Yoga, Financial Stability, Couples Finance

Resources:

You are Badass book: https://a.co/d/0WiQKjX

🌟 Dive into this journey with Danielle and discover how aligning your financial habits with your life goals can lead to a more fulfilling and financially secure life. Don't forget to like, subscribe, and comment with your own financial aspirations and insights! 🌟

Watch on YouTube [https://www.youtube.com/@ForgetAboutMoneyPodcast?sub_confirmation=1]

Host David Baughier and guest Rick Heyse, a soon-to-be retired military officer with a passion for financial planning, explain the crucial "money mistakes" that young adults often make.

🆓 Free Money Course: https://www.fiology.com/free-fiology-workbook/

This podcast is packed with actionable "money management tips for young adults" and is ideal for anyone starting their financial journey or seeking to improve their budgeting skills.

Top 10 Money Mistakes Discussed:

1. Not contributing to their Thrift Savings Plan (TSP)
2. Not opening a Roth IRA
3. Excessive disposable income spending
4. Buying an expensive car
5. Buying expensive recreational toys
6. Co-signing loans/leases
7. Loaning money to family and friends
8. Neglecting adequate insurance
9. Lack of knowledge about credit score
10. Ignoring medical and other benefits

💡 What You'll Learn:

* Essential tips on managing "money for young adults" and creating a robust financial foundation.
* Strategies for effective "money young" management, including insights on TSPs, Roth IRAs, and common financial pitfalls.
* Practical insights on budgeting, saving, and investing for long-term financial well-being.

📚 Recommended Reading:

Explore "The Psychology of Money" for deeper understanding of the psychological factors that influence financial behavior.

Amazon Link: https://a.co/d/hH79NSa

🔗  Resource Links:

TSP.gov: https://www.tsp.gov/

MyPay Website: https://mypay.dfas.mil/ [https://mypay.dfas.mil/#/]

VA Benefits: https://benefits.va.gov/benefits/

Free Annual Credit Report: https://www.annualcreditreport.com/index.action

Time Value of Money: https://www.fiology.com/compound-interest-can-make-you-rich/

👥 Target Audience:

This podcast is essential for young adults, military members, and anyone interested in enhancing their financial literacy and securing their financial future.

Don't forget to like, subscribe, and share this podcast! Drop your questions or topics you'd like us to cover in future episodes in the comments below!

#FinancialFauxPas #MoneyManagement #PersonalFinance #Investing #RetirementPlanning #MilitaryFinance #CreditManagement #Insurance

Watch on YouTube [https://www.youtube.com/@ForgetAboutMoneyPodcast?sub_confirmation=1]

💰Today, we bring you an exclusive conversation between two investment gurus, JL Collins and Paul Merriman. They debate the secrets of building wealth, focusing on investment strategies, index funds, and the potential power of small-cap companies.

If you're looking to sharpen your investment acumen, this episode is full of knowledge and insights!  Join us as we navigate through the crucial aspects of long-term investing, risk management, and the dynamics of the S&P 500 and Total Stock Market Index Fund.

Paul and JL dissect the importance of diversification, disciplined strategies, and the psychology behind successful investing. Whether you're a seasoned investor or just starting out, this episode is packed with valuable tips and strategies for a robust financial future.

Free Fiology Money Course: https://www.fiology.com/free-fiology-workbook/   [https://www.fiology.com/free-fiology-workbook/]

Paul Merriman's Free Books: https://www.paulmerriman.com/free-books 

S&P 500 vs US SCV Equity Portfolio Table discussed in episode: https://irp.cdn-website.com/6b78c197/files/uploaded/-G-%20S-P500%20vs.%20SCV%20TableG1b.pdf 

JL Collins' Blog: https://jlcollinsnh.com/

JL Collins' Books: 

A Simple Path to Wealth: https://a.co/d/aSz8jhC

Pathfinders: https://a.co/d/3hS5p1g  

📚  Don't forget to like, share, and subscribe for more insightful discussions on personal finance and investment strategies. Drop your thoughts in the comments below and let us know what topics you'd like us to cover next! 

#InvestmentStrategies #WealthBuilding #JLCollins #PaulMerriman #FinancialIndependence #IndexFunds #SmallCaps #MarketVolatility #InvestmentPsychology #PersonalFinancePodcast