Money Plan Archives

Blog Articles

May 20, 2022

Have you ever felt like you can’t relate to a lot of the prominent voices or people in the personal finance community? As a young church pastor, I have to admit that I often felt this way. When I heard people who were making six figures talk about all the money they were putting into …

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The Best Investing Apps For Each Level Of Investing

May 19, 2022

In today’s digital world, anything and everything is controlled by an app. That includes investing–and there are enough of them available that it can be hard to separate the best investing apps from all the rest. To pick the one that’s best for you, you’ll want to consider how much control you want to have …

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How To Calculate Your Savings Rate and Why It’s Important

Money Plan

May 02, 2022

Savings Rate is the most important factor to determine how long it’ll take you to reach financial independence. The higher your savings rate, the faster your path to Financial Independence. Find out everything you need to know about savings rates and how to calculate your personal savings rate.

Why You Need A Legacy Binder

April 14, 2022

We talk a lot about taxes when we discuss FI, but what about death? No one really likes to think about dying. However, if we don’t, we’re doing our families a huge disservice. It’s better to prepare now than make your family try to guess what you would have wanted after you are gone. Enter …

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Our Favorite Budgeting Software: You Need A Budget (YNAB) Review

February 28, 2022

When someone finds the world of personal finance, and FI, the first thing they will likely need to do is come up with some sort of budget. This can feel overwhelming if your system of budgeting in the past has simply been checking your account balance and doing some quick mental math. That’s where You …

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Podcast Shownotes

How Do I Figure Out the Taxes on This? | EP 346

Money Plan
§Taxes

October 10, 2021

In this week’s episode, Brad and Jonathan examine the concept of assets and where they fit in your general tax strategy. Together, they discuss the different factors that effect how and when you pay your taxes, compare the differences between Roth IRA’s and 401k’s, and explore potentially beneficial ways in which after-tax investments and 401k’s …

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Risk Avoidance and Deworsification | EP 344

September 26, 2021

In this week’s episode, Brad and Jonathan discuss how risk avoidance can weigh down your returns in the form of opportunity costs. While your savings may be safe, you could be missing out on opportunities for your money to work on your behalf! Join the guys as they discuss the rule of 72, inflation, and …

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Diamonds in the Rough | EP 340

August 29, 2021

In this week’s episode, Brad and Jonathan reopen the mailbag which prompts a discussion examining the true monetary value behind collectable items, and why finding that diamond in the rough could inherently be more valuable than actual diamonds! We also hear about some fantastic wins the community has experienced, plus some insight on how to …

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Experiments in FI: Inflation, Gardening, and Revocable Living Trusts | EP 334

July 18, 2021

In this week’s two-part episode, Brad and Jonathan provide personal examples and insight on relatively safe ways to experiment with your FI investment plan! Later in the show, Sean Mullaney joins the guys to discuss revocable living trusts and how they can fit in with the, “hard to think about,” side of future tax planning! …

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Unlocking Your First Mini-Retirement with Jillian Johnsrud | EP 333

July 11, 2021

In this week’s episode, Brad and Jonathan are joined by Jillian Johnsrud, the host of the Everyday Courage podcast and fellow FI guru. Jillian shares with the guys the concept behind a mini-retirement, or in other words taking an extended period of time off outside of the so called “golden years.” Together, the trio discussed …

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Blog Articles

Podcast Shownotes