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Two Guys and Your Money #018: Top 5 Ways to Raise Your Emergency Fund Interest Rate

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Listen to shows on your smartphone! Try the Stitcher app here.

Wow! This was a fun, fun, fun show (of course it’s filled with our usual surprises…..). BUT what we can tell you is that PK this week tells you the optimal time to rebalance your portfolio, Carrie Smith and Dominique Brown share their biggest financial gaffes, and OG & I save you some money in taxes on your mutual funds. Of course, we also give you our favorite ways to get a better interest rate on your emergency fund.

Sorry about the short post….I’m on my way back from San Antonio (I ran the marathon yesterday!).

Show Notes:

<Open>

Special thanks to Fidelity Investments for sponsoring our show! Check out TheFreeFinancialAdvisor/Fidelity to find out how Fidelity has been helping clients for over 60 years.

<> PK: Rebalancing

<> Let’s Give Something Away: How about a $25 Amazon Gift Card to help during the holidays? Check out our giveaway page after you listen to the show!

<> Shortwave: Carrie & Dom discuss their biggest financial mistakes.

<> Top 5 Ways to Raise Your Emergency Fund Interest Rate

<> End: Films  OG – Wilfred   Joe – Argo  (both thumbs up!)

Enjoy!

2 Guys & Your Money Episode 9: NerdWallet, Buying a House, Insurance Costs & Combining Family Finances

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Never listened to a podcast before? You can tap the button above to enjoy the show on your computer, use iTunes to subscribe for free (new shows will load automatically!), or listen through Stitcher.

For information on how to subscribe through iTunes.

For information on how to listen through Stitcher.

 

Holy Ton of Topics, Batman!

On this special Labor Day edition of the podcast, we introduce a new reality show coming via NerdWallet, Kathleen from Frugal Portland joins the roundtable team for a rousing discussion of couple’s finances, and PK tells you why your insurance premiums are high (and of course, draws the correlation to “too big to fail”…always the overachiever).

 

Show Notes

<Open> Hello, Stitcher listeners!

Details on listening to the show through Stitcher: www.stitcher.com

Thanks to ING Direct for the show sponsorship. $50 off to open an account, details here.

Home Ownership: Is now the time? Here’s the FRED chart that spurred this discussion.

<> PK’s Fractional Sense: Insurance premiums & Too Big To Fail

<> Let’s Give Something Away. Congrats to our winner, John @ Married (With Debt).

To enter the September drawing for a copy of the board game The Settlers of Catan;, guess the voice in the show and send your answer to joe (at) the free financial advisor (dot) com. We’ll choose from the correct answers one winner on the last day of September.

Will Weaton’s TableTop show episode featuring Settlers of Catan:

 

<> Roundtable: Thanks to Kathleen from FrugalPortland for joining us this week.

Our topic: Married couples: should they combine finances?

The ClubThrifty Posts that spurred this discussion: Greg’s Article & Holly’s Article.

<> Interview withAmelia Granger: Nerdwallet.

<> End Show: Joe saw The Campaign (wait for DVD), watching on Netflix:Louie: Season One; w/ comedian Louis C.K. (likes a lot, but you have to be comfortable w/ rated R situations and humor)

 

And then, a link you may-or-my-not need for this show: Sri Lanka referenced article in the-segment-that-shall-not-be-named

 

For more information on our weekly contributors: PK, Carrie Smith, Dominique Brown, Len Penzo and Dr. Dean, here’s their bio page.

Would you like to be on the show? Have a topic for the show? Like to advertise on the show? Write to Joe (at) thefreefinancialadvisor.com.

Speaking of advertisers, if you’d like to take advantage of the ING $50 sign up bonus, visit www.thefreefinancialadvisor.com/ING50.

Enjoy the show!

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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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