133R | Should You Invest Or Pay Off Your Mortgage?

pay off mortgage or invest

Brad and Jonathan discuss a burning question in the FI community, a new budget experiment, and an update on Playing with FIRE.  You Need A Budget Experiment Jonathan and his wife have decided to give You Need A Budget a try. Although they have no consumer debt and maintain an aggressive savings rate, the luxury of not living paycheck to paycheck means that the low-level lifestyle inflation happens. As a … Read more

How To Use A Roth IRA For College And Other Expenses

How To Use A Roth IRA For College And Other Expenses

What if I told you there’s a tool available to you to help pay for your child’s education? What if I told you it’s something as simple as a Roth IRA? You’d be pretty excited, right? I know I was when I learned that using a Roth IRA for college, and other expenses, was something I could do. And it’s been one of my favorite tools for setting my kids … Read more

Teach Your Kids About Money With The Goalsetter App

Teach Your Kids About Money With The Goalsetter App

We know that most children have a difficult time saving money. It burns a hole in their pocket whenever they get their hands on it and they MUST spend it on something. At least, that is how it happens with most of our kids. So getting them to save their money poses a difficult challenge for them. Enter the Goalsetter app! Financial Literacy In Children Teaching financial literacy to our … Read more

130R | Simplifying The Ultimate Buy And Hold Strategy With M1 Finance

Ultimate Buy And Hold Strategy With M1 Finance

Jonathan and Brad discuss Playing with FIRE updates and the ultimate buy and hold portfolio. Playing With FIRE update Brad and Jonathan just returned from the world premiere of Playing with FIRE in San Diego. Around 250 people showed up to the event and it was an eye-opening experience. You should not watch this at home on your couch in the living room. Right now, you have the opportunity and … Read more

130 | Paul Merriman Introduces The Ultimate Buy And Hold Portfolio

130 | Paul Merriman | The Ultimate Buy and Hold Portfolio

Jonathan and Brad talk to Paul Merriman. The goal is to contrast the “Simple Path to Wealth Approach” with the “Ultimate Buy and Hold Portfolio.” Paul is a proponent of the Ultimate Buy and Hold strategy and a legend in this space. The insights Paul provides about this strategy are priceless. Paul Merriman’s Story Paul started his career as a stockbroker. However, he quickly began to question the fact that … Read more

Acorns Review–Automatically Invest Your Spare Change

Acorns Review--Automatically Invest Your Spare Change

I signed up for an account, here’s how it went. How Acorns Works  We’ll cover the whole sign-up process below, but basically, after you sign-up for an account (which you can do online or through the app), you need to link a debit or credit card. Then, each time you make a purchase, rounds up your total to the nearest dollar, and the difference is invested for you. Investing really … Read more

126R | What Is An Annuity

126R | What is an Annuity

Brad and Jonathan tackle a listener question about annuities and discuss some updates to the travel rewards landscape. Second Generation FI Many people in our community struggle with how to pass along the lessons of FI to their children. Brad shared stories about passing FI lessons along to his children. The little things really are the big things in life. Brad and Laura take the opportunities to teach their kids … Read more

DRIP Investing: A Low-Cost Automatic Way To Save

DRIP Investing: A Low-Cost Automatic Way To Save

Automated investing is one of the best ways to build your future. We all know about 401(k)s, IRAs, and mutual funds, but one tried and true method is often overlooked. Dividend reinvestment programs (DRIPs) have been around for decades. They are a low-cost, automatic way to invest in some of your favorite companies. This guide will explain what a DRIP is, who offers them, and the pros and cons of … Read more

How To Open A Roth IRA For Kids And Teach Your Kids About FI

How To Open A Roth IRA For Kids And Teach Your Kids About FI

As parents and a family on the path to Financial Independence, we want to teach our kids as much as we can. I don’t know about you, but my I kick myself in the butt all the time for my past financial mistakes. Mistakes I didn’t even know I was making! While my parents taught me more than most of my peers about finances, there was still a lot that … Read more

125 | The Family Emergency Binder

125 | The Family Emergency Binder | Chelsea Brennan

Today Chelsea Brennan from Smart Money Mamas and creator of the Family Emergency Binder is here to talk about her unconventional choices that led to a happier life. How Chelsea Became A Hedge Fund Manager As a hedge fund manager, Chelsea worked her way into a $450,000 per year salary and managed $1.4 billion for a hedge fund. If your goal is to increase the income side of the equation … Read more