http://www.millionaireorbust.com teaching you how to think about your finances Thu, 02 Feb 2012 08:07:31 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 2006-2009 david@millionaireorbust.com (Flying Squirrel Media) david@millionaireorbust.com (Flying Squirrel Media) personal finance 1440 http://www.millionaireorbust.com/images/podcastlogosmall.jpg http://www.millionaireorbust.com 144 144 teaching you how to think about your finances teaching you how to think about your finances personal finance, business news Flying Squirrel Media Flying Squirrel Media david@millionaireorbust.com no no http://www.millionaireorbust.com/archives/money-saving-start-2011/ http://www.millionaireorbust.com/archives/money-saving-start-2011/#comments Sun, 23 Jan 2011 04:27:54 +0000 David van Sunder http://www.millionaireorbust.com/?p=325 http://www.millionaireorbust.com/archives/money-saving-start-2011/feed/ 1 http://www.millionaireorbust.com/archives/mob0057/ http://www.millionaireorbust.com/archives/mob0057/#comments Mon, 20 Oct 2008 09:30:46 +0000 David van Sunder http://www.millionaireorbust.com/?p=80 http://www.millionaireorbust.com/archives/mob0057/feed/ 2 0:26:20 On this episode of Millionaire or Bust, we start off the show by discussing some economic indicators, including the price of oil, interbank lending rates, consumer confidence and jobless rates. We also discuss the speculation that mortgage rates ar[...] On this episode of Millionaire or Bust, we start off the show by discussing some economic indicators, including the price of oil, interbank lending rates, consumer confidence and jobless rates. We also discuss the speculation that mortgage rates are headed to 7%. Then we discuss the story of a Pasadena woman who chooses death over eviction. It’s reminiscent of the 90 year old woman we discussed last week who shot herself in the chest when faced with eviction. This story was stranger with a darker ending, but left us with some questions. Finally we spent a large portion of the show posing some questions & discussing some ways of addressing your financial weaknesses. We discuss debt, emergency funds, worst case scenarios & insurance. If you enjoy our podcast, please head on over to iTunes and give us a nice review. If you have some feedback on how to make the show better, shoot us an email and help us improve the show. We appreciate all your comments. Thanks for listening everyone! podcasts Flying Squirrel Media no no http://www.millionaireorbust.com/archives/mob0054/ http://www.millionaireorbust.com/archives/mob0054/#comments Thu, 09 Oct 2008 10:10:16 +0000 David van Sunder http://www.millionaireorbust.com/?p=77 http://www.millionaireorbust.com/archives/mob0054/feed/ 0 0:07:41 This episode of Millionaire or Bust is our midweek short episode. I mention the economic crisis we are in right now, but decided that looking into whether or not we each have our own personal financial crisis was more important. To look into the i[...] This episode of Millionaire or Bust is our midweek short episode. I mention the economic crisis we are in right now, but decided that looking into whether or not we each have our own personal financial crisis was more important. To look into the issue, I talked about 10 solutions to a personal credit crisis from an article from money.cnn.com. I talked about how to tell if you have a personal financial crisis and some tips on handling it, if you do have one. Resources mentioned: For a free copy of your credit report: annualcreditreport.com To find a debt counselor: The National Foundation of Credit Counseling podcasts Flying Squirrel Media no no http://www.millionaireorbust.com/archives/mob0051/ http://www.millionaireorbust.com/archives/mob0051/#comments Mon, 29 Sep 2008 10:20:24 +0000 David van Sunder http://www.millionaireorbust.com/?p=74 http://www.millionaireorbust.com/archives/mob0051/feed/ 2 0:24:31 On this episode of Millionaire or Bust, we start off the show by giving a recap of the events of the week, including the purchase of Washington Mutual by JP Morgan after its seizure by the FDIC, the next most likely bank failures, the possible fate [...] On this episode of Millionaire or Bust, we start off the show by giving a recap of the events of the week, including the purchase of Washington Mutual by JP Morgan after its seizure by the FDIC, the next most likely bank failures, the possible fate of British mortgage lender Bradford & Bingley, and an update of the major us stock indexes. Then we get into the current consumer credit limit crackdown by many credit card companies and how it might impact you, what you should do and why. Finally, with the political season in full swing, Talli and I take the last portion of the show to present and explain the platform for the MOB party. We stand for: No Debt Having an emergency fund Having and sticking to a budget Retirement savings before education savings Regular investment Taking care of your own retirement Having appropriate insurances Financial education If you approve of our platform as we presented it in the podcast, please head on over to iTunes and give us a nice review. A vote for us is a vote for teaching others how to provide for their own financial futures. If you disagree, leave us a voicemail feedback with your ideas explained clearly and calmly (unlike the politicians), so that we can play it on the show. Thanks for listening everyone! podcasts Flying Squirrel Media no no http://www.millionaireorbust.com/archives/mob0050/ http://www.millionaireorbust.com/archives/mob0050/#comments Thu, 25 Sep 2008 10:40:49 +0000 David van Sunder http://www.millionaireorbust.com/?p=73 http://www.millionaireorbust.com/archives/mob0050/feed/ 6 0:07:51 On this episode of Millionaire or Bust, we have our second midweek short episode. The financial markets are still very rocky, so first off, I had to give an update on the markets, including Warren Buffet’s purchase of 9% of Goldman Sachs for $[...] On this episode of Millionaire or Bust, we have our second midweek short episode. The financial markets are still very rocky, so first off, I had to give an update on the markets, including Warren Buffet’s purchase of 9% of Goldman Sachs for $5 Billion on Tuesday. Then I talked a little bit about the details of the $700 Billion financial rescue proposal made by the Bush administration. I’m not too keen on how much latitude might be given to the Secretary of the Treasury, Henry Paulson. Then going back to the roots of the show, I pull out a tool and a tip for debt reduction. The Tool is a Debt Reduction Planner courtesy of money.cnn.com. It helps you to figure out how quickly you can pay off your debt or how much you need to pay a month to reach a time related credit payoff goal. The tip is courtesy of me, by way of a slight disagreement with Dave Ramsey. He seems like a great guy and he’s helped a lot of people, but he made one small mistake with the Debt Snowball and I’ll tell you what it is. Not only that, I’ll tell you a way to address the issue that led him to suggest the Debt Snowball in the first place. Have a listen, you just might find it helpful. podcasts Flying Squirrel Media no no http://www.millionaireorbust.com/archives/show15-millionaire-or-bust-debt/ http://www.millionaireorbust.com/archives/show15-millionaire-or-bust-debt/#comments Fri, 15 Sep 2006 07:28:36 +0000 David van Sunder http://www.millionaireorbust.com/2006/09/15/show15-millionaire-or-bust-debt/ http://www.millionaireorbust.com/archives/show15-millionaire-or-bust-debt/feed/ 1 0:07:07 Topic of the Week The topic of the week is good debt vs. bad debt. What are they? Money Saving Tips Money Saving Tip of the Week buy cleaners in bulk or large refill containers and consolidate your cleaners down to a few different ones rather than[...] Topic of the Week The topic of the week is good debt vs. bad debt. What are they? Money Saving Tips Money Saving Tip of the Week buy cleaners in bulk or large refill containers and consolidate your cleaners down to a few different ones rather than one for each specific application. It is cheaper to use a few than a separate one for each. Plus the highly specific cleaners tend to be more expensive. Talli’s Tightwad Tip of the Week This is the segment for those people that want to go the extra mile to save those extra pennies. Make your own household cleaners. They’re much cheaper and they can be more healthy for you as well. For more info, you can check our website for a link to a page telling you how to make them yourselves. They’re easy to make, cheap and quite often as effective as the much harsher cleaners that you buy at the store. For more information you can check out Talli’s health podcast, “Being Healthy with Talli”. She dedicated Show #15 to the topic. Listener Question Question: In the same show, you talk about getting and using credit cards, yet your stat of the week tells of a poor saving rate. I like the premise of your show, but can’t reconcile “millionaire with credit cards”. When is your show on debt? Answer: Having credit cards doesn’t make one a millionaire or make one broke. Having said that, many people do misuse credit cards. They’re primarily good as a means to pay for things that you will pay off at the end of the month, but don’t want to carry enough cash to pay for, such as televisions or plane tickets. I prefer that people use credit cards with points associated with them rather than ones without, since they actually earn something with them. However, spending extra on your credit card to get points would be counter to what we want to achieve. Many people misuse credit cards. We touched on credit card debt briefly in show #7, so you can see what we have on it there and mentioned debt it in the course of multiple shows. As for a show dedicated to debt, I agree with you that it needs to be covered and so today we will. This will, by no means be an exhaustive show on the topic but merely the beginning of an important dialogue. Thanks for listening Bryan and we appreciate your post. Tool of the Week Cost of living calculator This calculator is good for someone who is contemplating moving to a different city. It will tell you how far your money will go in that new city. So, you’ll know with that new job whether or not you can live better or worse than you do where you are now with the income you have now. Financial Psychology This is the segment where we examine a mindset or a way of looking at your finances that will set you up well for building wealth… Why do you eat out? What do you like about it? Can you replicate it for less money? Often people eat out because they think it’s faster. When they do the math though, they find out that it might take the same amount of time or longer than making a simple dish at home and cost more. So, give that a thought when you’re thinking about eating out to save time. podcasts Flying Squirrel Media no no