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Financial Tech Podcast
Financial Tech Podcast 12: Investing 101, Brightscope, Money Desktop
Mar 30th
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What’s the latest happenings for Guide Rock and GFCU?
We have a learning series
March 30th is our 3 class of 10
Investment focused – entry level
Tackle one topic each session
Focus on an environment where questions are encouraged
You are welcome to come, just rsvp to Andrew_hunt@guiderockcapital.com so I know how many bagels to buy!
Brightscope
How do you know if an advisor or if a 401(k) plan is what they say they are?
You can look on the sec… but that is kind of cumbersome.
Financial Tech Podcast 11: Big Bonus and Kindle Fire
Dec 20th
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So you got a year-end bonus… now what?
End of the year boosts are nice on multiple fronts but the variable income, if not planned for, can slip right between your fingers if you are not careful!
Here are a couple of great options for putting that money to good use:
- Spend the bonus on paper first for 1 time bonuses
- Pay down debt
- Get rid of credit card and charge card debt
- Make an extra payment on your mortgage
- Save
- Emergencies
- Major Purchases
Financial Tech Podcast 10: Values and Money
Nov 5th
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Where we spend our money is a reflection of our interests, values and priorities.
Does your bank statement reflect what you value?
If a stranger were to look at your last monthly statement what would they assume you love to do?
So how do I get my bank statement to reflect what I value?
· Conduct a self audit
- Where is your money going
- Is that where you want it to go?
· Establish your true values
- Spend on what you love
- Cut out the things you don’t love
#9 Financial Tech Podcast: Tips for a Wild Market!
Aug 27th
Most of us are involved with the securities markets on some level, for most of us it is simply within a 401(k).
So how can we reconcile the extreme swings in the market with our own personal savings goals?
Ask yourself a few questions:
· How long is my time horizon
· How long can I stomach a depressed portfolio balance
· Can I afford to buy more
So what’s going on? Why is the market so volatile?
So as a 401(k) participant what can you do?
· Revisit your investment allocation
· Evaluate your objectives
· Measure your risk tolerance
· Get professional advise
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#8 The Financial Tech Podcast: Keeping Up With the Jones’ are You?
Aug 4th
Keeping up with Jones’… Are you sure that’s what you want?
http://finance.yahoo.com/news/How-to-Avoid-Money-usnews-930915813.html?x=0
Why do we find the need to compare ourselves to our neighbors?
- · A big part of our culture is based on competition
- · We have an inherent need to further ourselves
- · If you are not careful it feeds the “rat race” and leads to a dissatisfied life
We tend to overestimate other people’s financial positions
- · We exaggerate there income
- · We minimize their spending habits
- · We assume they are better than we are
What is the secret to finding satisfaction within your means?
- · Become a realist
- · Start a conversation with your family, or if you are brave, with your friends
- · Set some goals
- · Save first, then spend.
#7 The Financial Tech Podcast: All About Insurance
Jun 29th
Insurance is often discussed as something that is complicated and difficult to understand… Let’s fix that!
Remember what insurance is for: Risk Transfer!
When you think about the things you could insure, several things might come to mind: Home, auto, life, and personal property. There are different types of risk associated with each of these.
Some risk you might want to:
· Retain (the risk is infrequent in occurrence and minimal in scope)
· Avoid (the risk is frequent in occurrence and the significant in scope) – ex. lifestyle choices such as smoking that leads to premature death
· Transfer ( the risk is infrequent in occurrence but significant in scope) – ex. Death of a loved one.
When you buy insurance you are transferring the risk to the insurance company!
When you buy insurance remember the risk you are trying to transfer and the dollar value of that risk
#6 The Financial Tech Podcast: Tips and Tricks when Paying for College for both Parents and Students
May 23rd
Jim and Andrew are together again for next installment of the Financial Tech Podcast! Jim just had a child graduate from high school – for many people this means college is next. So how do you pay for it?
We have blogged about this back in February so check that out.
Andrew quizzes Jim who is going through it right now.
What has has experience been? How was the big bad FAFSA – done online www.fafsa.ed.edu. Were you able to find aid for all of the cost of Government loans, Grants, Scholarships, Private loans and out of pocket funds
What was the process like for Jim? Did he encourage his kids to work through school, did he try and cover most expenses, or did he lay the whole responsibility on the student? Remember there is no wrong answer
When you graduate, what are the steps to start paying them back? Contact your servicer?
#5 The Financial Tech Podcast: Mint.com and Listener Questions and Answers
Apr 29th
Andrew Hunt and Jim Collison are back for another episode of the Financial Tech Podcast. Andrew updates us on what is currently keeping him busy. We also spend some time discussing the benefits of using Mint.com as well as answer some questions submitted by you, the listener.
To submit your questions, email podcast@theaverageguy.tv
Comments submitted by a listener.
“One of the things I see all the time is when a new management employee signs up for the stock program, they almost always start at the maximum payroll deduction we allow of 10%. Then a few months later, sometimes even sooner, they drop out of the program and sell out the balance in their account. In comparison, the few that sign up for smaller amounts, say 5%, tend to stay in the program longer and actually build up a decent balance.”
#4 The Financial Tech Podcast: 10 Ways to Win the Lottery…April Fools!
Apr 1st
Jim Collison and Andrew Hunt are together again for the April Fools edition of the Financial Tech Podcast. In a jam packed podcast, we cover some tips and tricks to winning the lottery without ever playing it! This could be the best 30 minutes of your day.
#3 The Financial Tech Podcast: What is a Spending Plan and Who is Dave Ramsey?
Mar 4th
The financial tech podcast is back and this week Jim Collison and Andrew Hunt walk thru the basics of a spending plan. Oh, so you are talking about a budget? Nope, listen and hear how a spending plan is different and why you need to have one!
So is it possible to create a Spending Plan that Works?
When you sit down to budget spend every single dollar “on paper.” Includes – Spending, Saving and Sharing. A Zero balanced budget leaves no room for slush money, you are way less likely to fudge when every dollar is accounted for. Remember its your money! If it takes $1000 per month to feed your family, so be it! Remember you can’t spend more than you have – this isn’t the federal government. Averages are not usually a good thing but people want to know where they stack up:
