-
▼
-
▼
Don’t let compounding interest work AGAINST you!
This episode is full of examples showing how small shifts in your thinking about everyday, necessary purchases can have powerful results. Whether it’s your Netflix subscription or your mortgage, we’ll show you how to assess which changes you should make to your spending habits to get the most out of your army of dollar bills while still enjoying your life.
In this episode, you’ll learn:
- How powerful your dollars are at your specific age
- Why large purchases are more of a threat to your finances than your lattes
- How to maximize the money you save on budget changes
- Where to find another $1.7 million for your retirement fund
Research and resources from this episode:
- Report: Avg. Person Spends $273 Per Month on ALL Subscription Services (and Doesn’t Realize It’s That Much!) (TV Line)
- US streaming services pick up viewers (YouGov America)
- Coronavirus viewing: More people are sampling new streaming services (LA Times)
- How Much Time Does the Average American Spend on Their Phone in 2021? (Tech Jury)
- Real Median Household Income in the United States (FRED)
- Median Sales Price for New Houses Sold in the United States (FRED)
- THE AVERAGE AGE OF MUSCLE CAR BUYERS IS OVER 50 – WHAT IT MEANS FOR THE CHALLENGER, MUSTANG, AND CAMARO? (Top Speed)
- Luxury car makers are battling to cater to the changing needs of the super-rich (Financial Times)
- Dodge Muscle Owners Are Youngest In Muscle Car Segment (Miami Lakes Auto Mall)
- How Old is the Average Porsche Buyer? (Porsche Colorado Springs)
- Marketing to Ferrari Owners through a Direct Marketing Database (Data Masters)
- Chevrolet Seeing Twice As Many Gen X Buyers With The New C8 Corvette (Corvette Blogger)
- 2020 Honda Accord Cost to Own (Edmunds)
- 2020 BMW 3 Series Cost to Own (Edmunds)
Enjoy the Show?
Where You Can Watch and Listen:
Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:
- Episodes of The Money Guy Show every Friday
- Episodes of Making a Millionaire every other Monday
- Mini-shows every Wednesday
- Ask Money Guy Livestreams every Tuesday
- Tons of other fun content!
Free Resources
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Articles
Articles
How To Avoid Lifestyle Creep
“Lifestyle creep” is the phrase we most often use to describe how spending can increase proportionally with income. Our natural instinct is to upgrade our...
Articles
How Much Do You Need To Retire With an Average Income?
It’s easy to become discouraged if you have an average or below average income. Saving for retirement is normally more difficult with a lower income;...
Articles
Should You Be Spending More in Retirement?
It’s difficult to overstate the risk of spending too much in retirement (or saving too little for retirement). Running out of money means moving in...
Financial FAQs
Courses & Tools
How about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Recent Episodes
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Episodes
Financial Advisors Correct the Internet (Part 2)
Is viral financial advice doing more harm than good? In this react episode, we correct the internet once again and separate the news from the...
Episodes
These Money Moves Feel Like Financial Cheat Codes
Want to build wealth faster without taking unnecessary risks? We break down seven financial "cheat codes" that can dramatically improve your long-term finances and help...
Episodes
Do You Really Have To Budget Forever?
Do you need to budget forever? Brian explains when to graduate to cash flow management & focus on what can help you move the needle...