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Two Guys & Your Money #10–Financial Blogger Conference Part 1: Adam Baker Film, College Planning Game and New Financial Podcasts

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Never listened to a podcast before? Either listen by hitting the speaker above OR subscribe through iTunes. Here’s a great link on what podcasts are all about.

Do you prefer to listen on your smartphone? Some listeners plug in their smartphone to their car aux and listen through their speakers. If so, add the Stitcher app to either your Droid or iPhone.

Now that we have electricity, let’s get you a show:

Show Notes: (more detailed notes will follow. Stop back periodically for updates)

<> JD Roth

<> Open

<> Michelle from SeeDebtRun

<> Phillip Taylor from PT Money, Conference Organizer

<> Eric Rosenberg from NarrowBridge Finance

<> Adam Baker from Man vs. Debt discusses his new film: I’m Fine, Thanks

<> Let’s Give Something Away – email joe (at) the free financial advisor (dot) com to win a copy of the board game Settlers of Catan

<> Kraig Mathais from Young Cheap Living

<> Stuart Ritter from T.Rowe Price: The Great Piggybank Adventure

<> J Money from Budgets Are Sexy

<> Shannyn Allan talks about the FrugalPreneur Podcast (iTunes link here)

<> Sean Bryant from One Smart Dollar

<> LaTisha Styles & Paula Pant from the Wealth Fast Podcast (iTunes link here)

<> End show: OG saw Invictus, Joe saw Premium Rush, discuss the Smurfs Movie

2 Guys & Your Money Episode #007: Jeff Rose Interview – The Life Insurance Movement

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Nearly as suave as some other 007 you may know, this episode features the one, the only: Jeff Rose from GoodFinancialCents.com. He’s leading the tsunami of financial posts coming your way Wednesday, as the Life Insurance Movement roars across the blogosphere. Jeff talks about the movement, why life insurance, and common misconceptions, tricks and tips around life insurance policies.

OG & Average Joe discuss Roshawn Watson’s post on poverty at RoshawnWatson.com. What does it mean to be poor in America?

PK from DQYDJ.NET wonders if people with more money have more leisure. You might be surprised by his findings.

We give away Dave Ramsey’s book the Total Money Makeover by answering a simple audio quiz. Who is the person in the audio segment (hint: it’s a current or former person on the show).

And, of course, we can’t forget the roundtable team of Len Penzo, Dominique Brown and Carrie Smith who answer the questions: 1) What is your idea of a good coach (financial or otherwise); and 2) What’s going on in your financial life right now? We’ll talk planning, money surprises and refinancing during this segment.

Find more information about our contributors here: Our Podcast Team

Thanks for listening, everyone!

Show Notes:

<> Open: Poverty in America, a discussion of Roshawn Watson’s Do Americans Know What Poverty Is?

<9:25> Fractional Cents w/ PK from DQYDJ.NET: The Cost of Leisure

<13:02> Let’s Give Something Away: Dave Ramsey’s classic book: The Total Money Makeover. Guess the name of the person in our soundclip. Send your answer to joe@thefreefinancialadvisor.com. One correct winner will win the book!

<18:53> Roundtable with Carrie Smith (CarefulCents.com), Dominique Brown (YourFinancesSimplified.com) and Len Penzo (Len Penzo dot Com).

Topic #1: Let’s talk financial coaches. What are the characteristics of a good coach. Are you a good coach?

Topic #2: What’s going on in your personal financial house?

<37:28> Jeff Rose from GoodFinancialCents.com interview: Life Insurance Movement

<50:10> End of Show. Movies!

OG: Caddyshack (again) (Thumb up)

Joe: Hope Springs (Thumb up), The Red Violin on Netflix (Thumb Way Up), headed to see Bourne Legacy tonight.

 

 

 

 

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2 Guys & Your Money Episode #6: Top 5 Investment for New Investors

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Just when you thought the show couldn’t get any better, we bring you another awesome episode!

Barbara Friedberg joins our normal roundtable of Carrie Smith and Dominique Brown for “case analysis” on a hypothetical couple with student loans, children and credit card debt.

PK from DQYDJ.NET discusses the Monty Hall problem, and how you can apply it to your life and decision making.

Finally, OG & I top off the program with a look at our Top 5 Investment Options for New Investors. I think you’ll be surprised by our discussion!

<> Open, Welcome back to OG.

<>

<> On the Blog: Emergency Funds, do you need one?

<> PK from DQYDJ.NET: The Money Haul Problem

<> Let’s Give Something Away! Congrats to Lance at MoneyLifeAndMore.com, who won our free copy of Keith Ferrazzi’s Never Eat Alone!

<> Roundtable, Featuring Barbara Friedberg of Barbara Friedberg Personal Finance

The situation:

Mickey & Minnie
Ages – 32 and 28. Mickey makes 45k and Minnie makes 30k. Both are teachers.
They both have 403b retirement plans available.
They have 25k in student loans at an 8% interest rate. They break down this way:
Mickey:
8k loan, $110 per month
$500 loan, $20 per month
Minnie
$10k loan, $140 per month
$200 loan, $40 per month
$6,300 loan, $185 per month
Total monthly debt service: $495/month
They also have $8k in credit card debt:
Victoria Secret – $3k at 22.5%
Visa (get airline miles) – $5k at 18.5%
They have children, ages 3 and 6. The 3 year old is in daycare. They pay $500 per week in daycare expense.
They both have Universal Life insurance policies through a big name company. They pay $300 per month into these plans.
They have 2x salary through the school system in term insurance.
They have disability coverage, but aren’t sure how much.
They have car insurance through a big firm and homeowners through another big firm.
They have Roth IRAs with $3,000 in them. Mickey has three stocks: GE, Disney and Ford. Minnie has the Growth Fund of America through American Funds.
They have $15k in their 403b plans. Mickey has his in the interest income fund. He’s worried about the upcoming fiscal cliff. Minnie has hers in the Vanguard Asset Allocation fund based on her age.
There is no savings for college.
They own will planning software, but have no wills.

<> Top 5 Investment Types for New Investors

(I’m on the road Monday from Michigan, so more detailed show notes will follow on Tuesday)

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2 Guys & Your Money Episode #5: Top 5 Financial Rip Offs

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What a week! The FAR MORE FAMOUS podcaster Steve Stewart from MoneyPlanSOS fame co-hosts the show while OG is sitting somewhere with his feet up and a drink with an umbrella in his hand…not that I’m jealous or anything.

PK is back with another enlightening Fractional Cents, talking the highbrow discussion of Traditional vs. Roth IRA. On most days you’ll find PK posting at DQYDJ.net.

Jana from DailyMoneyShot.net joins the fun as the roundtable tackles retailers who charge more when people use credit cards, readers who are intimidated by blogs, the best money-saving things they do that make them proud, marketers following consumers eyeballs AND a recent study that suggests children’s income is largely predetermined by the amount their parents make.

Finally, Steve & I bestow upon you our Top 5 Financial Rip Offs. Steve’s #1 is a doozy if you’re a long time listener of the show….

OH YEAH….I ALMOST FORGOT: You can TOTALLY win the BEST book on networking of ALL TIME by Keith Ferrazzi (Never Eat Alone) if you listen to the podcast and shoot me a quick email. Listen for details.

Can you believe the value here? All this AND MORE for the low price of FREE.

I’m driving across country today. More detailed show notes when I return to Texas!

Lest I forget. Here’s Bob & Doug McKenzie on The Great White North segment of SCTV:

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