We tend to talk about stocks much more often than bonds. Why? Because since LMM began, our audience has skewed young, most of our listeners are in their twenties and thirties. But the show has been around for seven years now. Those who have been with us from the beginning are seven years older. We want to serve our audience, so we need to focus a little more on bonds. Most of you know the basics, and we've covered bond investing in the past. Today we have returning guest J. David Stein to go...

We get dozens of emails from listeners each week asking really thoughtful financial questions. When a question needs a detailed answer or might be helpful to others, we turn it into part of a 5 questions episode.Today we have 5 questions about buying a timeshare, the Lending Club strategy, f**k you money, buying a rental property, and what to do with a million-dollar inheritance.Full Article Here Show NotesCape May City To Shore: A Double IPAThick Blueberry Goo: A smoothy style Berliner...

There are a lot of bad things happening around us: climate change, weekly mass shootings, rampant opioid addiction, income inequality. And our government and American corporations don’t seem interested in doing anything to address these issues. In many cases, they are profiting directly from them at the expense of the citizens. Rather than feeling helpless and frustrated, let’s take matters into our own hands. That’s where socially responsible investing comes in. You can invest in the world...

Agriculture is the one industry that touches every person on the planet. Agriculture produces the food we eat, the liquids we drink, the clothes we wear, and the furniture we sit on. There are nearly 7.5 billion people on earth, all of whom consume what agriculture produces. Which makes investing in agriculture seem like a no brainer.Full Article Here Show NotesFat Orange Cat: A white stout brewed with coffee and chocolateMelcher Street: A double dry-hopped IPADallas Blonde: An American...

The FIRE movement has carved out a big niche in the personal finance space. FIRE stands for Financial Independence, Retire Early but if you quit traditional work in your 30s or 40s, what will the rest of your life look like?Three or more decades is a lot of time to fill and sitting on the porch in a rocking chair or playing golf aren't going to be enough to fill it. The 30s to 60s can be the prime of life. We're still filled with energy, ideas, and ambitions.Full Article HereShow NotesApricot...

We get dozens of emails from listeners each week asking really thoughtful financial questions. When a question needs a detailed answer or is of interest to a lot of people, we turn it into part of a 5 questions episode.Today we have 5 questions about debt consolidation, saving money on a move, combining finances, living paycheck to paycheck, and capital gains.Full Article HereShow NotesLightful: A German-style wheat beer from Tired Hands Brewery.Yule Smith: A double hopped IPA. Learn more...

We talk a lot about making sure your portfolio is diverse enough to insulate your investments from risk. But if you want to ramp up returns, consider diversifying your retirement with alternative assets. How can you do that? A Self Directed IRA is one of the most powerful tools in your retirement arsenal. Alternative investments can improve your chances of retiring with enough money.Full Article HereShow NotesApricot Compote Sour: A refreshing summer beer from Evil Twin.Alto: The Alto...

The United States Department of Agriculture (USDA) estimates that it costs nearly a quarter of a million dollars to raise a child from birth to age 18.  That tally does not include the cost of a college education.The largest piece of that pie lies in housing and transportation at a whopping $107,000. Next, you’ll factor in childcare and education at $44,000. (See? I told you this s**t is expensive).Following that is clothing/miscellaneous and healthcare at $33,000 and $20,000 respectively....

Knowing your personal net worth is one of the most important aspects of personal finance. It's one of the best indicators we have to know if we are on target to meet our goals. Whether you want to be debt-free, buy a home, pay for college for your children, or to retire you need to be on target.Your net worth is a way to see what is holding us back. It's a very strong indicator of your overall financial health.Figuring out your net worth is easy. Add up the total value of all of your assets....

In its ongoing quest for world domination, Facebook is set to launch a cryptocurrency called Libra. And a digital wallet to store those Libra called Calibra. Given the company's somewhat shady privacy practices, would you trust Facebook with your money?Full Article HereShow NotesPassion Pool from Mikkeller and Friends: A gose.Craft Lager from Upslope Brewing Company: An American style lager.Learn more about your ad choices. Visit megaphone.fm/adchoices

We get dozens of emails from listeners each week asking really insightful financial questions. When a question needs a detailed answer or is of interest to a lot of people, we turn it into part of a 5 questions episode. Today we have 5 questions about spending a raise wisely, investing in a bull market, what to do with an inheritance, how to pay for an engagement ring, investing in weed stocks, and a bonus question about gold.Full Article HereShow NotesBoont Barl: An amber ale.Dogfish Head...

Andrew and Matt share their stories and the lessons they learned creating a blog that makes passive income but more importantly, they are going to spell out the exact steps they took to achieve financial independence. They will cover:How to Start a Blog (Step-by-Step Guide) – Everything you need to get started in under 10 minutes with $160. The act of paying someone to host a blog for you is easy.How to Monetize your Blog – The only two ways that matter and the one you should avoid at all...

Buying a house is a long-held tenet of the American Dream, one of the milestone markers of adulthood. But there are a lot of misconceptions about homeownership.And there is a lot of misleading information about the process of how to buy a house, some of it seems deliberately misleading. An uninformed buyer is an easy mark for predatory real estate agents, home inspectors, contractors, banks, and mortgage brokers.Buying a house to live in rather than to rent out is not an investment. In...

Everyone wants to find success both in their personal lives and their professional lives. Because success is an almost universal desire, there are thousands of books, podcasts, articles, TV shows, and seminars that claim they can teach us how to be successful.And all of the people selling those books and other things have a vested interest in making finding success seem harder and more complicated than it needs to be. But we like to keep things simple and assume you want the same. We love...

We get dozens of emails a week asking financial questions. Sometimes we get a question so good, we want as many people as possible to hear it and the answer. That's how 5 questions episodes were born. We have questions about the 4% rule, staying financially motivated, and making passive income. Let's answer some questions.Full Article HereShow NotesGose Dragon's Milk-White: A  white stout.Matt's Home Brew: A Kolsch.Learn more about your ad choices. Visit megaphone.fm/adchoices

A dollar today isn't the same as a dollar tomorrow, that's the time value of money. Risk and return are expecting a dollar risked to earn more than a dollar.The time value of money and risk and return are two core concepts in personal finance. Luckily, each boils down to a pretty simple statement.The core principle of the time value of money means your dollar today is worth more than your dollar tomorrow.Risk and return say that if you are to risk a dollar, you expect gains of more than just...

For most people, their mortgage is their biggest debt. And we all know that debt is bad. Debt is an emergency that we must pay off as soon as possible. But is all debt bad? Is paying off your mortgage quickly a good personal finance strategy? Paying off your mortgage more quickly has its advantages when done strategically but there are downsides too.We get a lot of emails asking about paying off mortgages early and people site various reasons for wanting to do so. A lot of people want to join...

We all want to get rich or rather wealthy. Being wealthy is much different and much better than being rich. If you want to know how to get rich without getting lucky, Twitter can teach you. A Twitter thread from Naval went viral in the spring of 2018.Full Article HereShow NotesJam Skate: An American Imperial IPA.Trillium Brewing: A Double Dry Hopped India Pale Ale.The Tweet text that inspired this episode. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most people are familiar with Airbnb, the site that lets owners rent out a room or an entire home to travelers. Airbnb has become such a hit that many people use it exclusively when traveling for pleasure, work, or any other reason. Goodbye cramped hotel room, hello fully furnished house!And Airbnb isn’t just a hit with those renting a place to stay. Airbnb is the most profitable way to make money in the gig economy.What it did show was that 85% of gig economy workers make less than $500 per...

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For most people, their home is their most significant investment. As such, you not only want to protect your investment but increasing a property's value is important too. The right home improvements can do it.  Doubling your property’s value might be a little too ambitious for anyone who isn’t a professional real estate flipper or property developer, but some money spent in the right places will improve your property’s value.Full Article HereShow NotesOak and Orchard :A sour from Epic...

The whole reason LMM started was to give as many people as we could reach free financial help. And in the past seven years, we’ve done that. We know because we get emails daily from people telling us that the show has helped them.We have dozens of shows and hundreds of articles that give free financial help to anyone who finds us. But not everyone can find us. There are millions of people who have no idea what a podcast even is.And because LMM is a podcast and a website, we are naturally...

If you are interested in personal finance, you’ve probably heard the term timing the market. There is some debate about whether market timing is a good investment strategy or something impossible, or nearly impossible to do. You probably can't time the market. Unless you’re Warren Buffett which you are not.Even if you’re just a casual observer of economic news, you hear a lot of questions about what’s happening with the stock market or the housing market. These questions create a lot of...

If you run your own business, you go to great lengths to make sure that your business is a profitable one. Both Andrew and Matt run their own businesses. They regularly go over their accounting to see if the businesses are spending too much money and if they are, where? Do the profit margins need to be increased? How much money is being held in reserve in case of a period of lower cash flow?But how many of us do these things and ask these questions when it comes to our personal finances? We...

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