The Financial Freedom Community Podcast: Personal Finance | Get Out of Debt | Financial Independence

Now displaying: June, 2020

Living an Intentional Life with Melissa Thomas (MelissaTheCoach.com) 0

Jun 30, 2020

Today we are chatting with Melissa Thomas.

Melissa is a financial coach, the author of the book Building My Yellow Brick Road: Life Lessons from Pursuing a Dream, and the blogger behind MelissaTheCoach.com.

But before doing all of that Melissa hit financial rock bottom in 2009 and slogged her way to successfully paying off over $43,000 in debt in just 4 years.

Timeline:

00:44 - Intro
01:17 - Melissa’s Financial Freedom Journey
07:01 - The Afford It Fallacy
11:31 - How much to save in an emergency fund
14:15 - Personalizing your Financial Freedom Journey
18:17 - Comparing Yourself to Others
20:05 - When your spouse isn’t ready for Financial Freedom
27:56 - Debt Free is Life Changing
29:21 - Leaving Your Comfort Zone
35:49 - Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?
39:26 - Rapid Fire: What is the best financial advice you have ever received?
40:00 - Rapid Fire: What is an internet resource such as Raise, CardCash or Rakuten that you recommend?
42:17 - Rapid Fire: What is one book you recommend everyone read and why?
44:48 - Contacting Melissa

Resources & Links:

Download this Episode

Swing Trading the Stock Market with Tela Holcomb (TelaHolcomb.com) 0

Jun 24, 2020

Today we are chatting with Tela Holcomb.

Tela began trading in 2009 and went on to double her retirement in 8 months and retire from her “9 to 5” by the age of 29.

Today Tela trades full-time while sharing her knowledge at TelaHolcomb.com

Timeline:
- 00:44 - Intro
- 01:12 - Tela’s Financial Freedom Journey
- 05:25 - Should you pay off your mortgage?
- 06:07 - Different Investment Styles
- 08:13 - Deciding what stocks to buy
- 15:30 - Deciding when to sell
- 18:03 - Protecting yourself from loss
- 22:59 - The one thing Tela wishes she knew from the start
- 24:43 - When should you start investing?
- 26:07 - How do you start investing?
- 27:29 - Tools and Resources to Use
- 30:30 - Dealing with a Company’s Bad News
- 32:25 - Creating a List of Stocks to Trade
- 34:16 - How much do you need to start investing?
- 35:39 - Rapid Fire: Who is your financial hero?
- 36:59 - Rapid Fire: What is one financial book everyone should read?
- 37:55 - Rapid Fire: What is your biggest financial failure?
- 38:54 - Investing as a Couple
- 43:36 - Contacting Tela
Resources & Links:

Download this Episode

Manage Spending & Goal Setting with Ericka Young (Tailor-Made Budgets) 0

Jun 16, 2020

Today we are hanging out with Ericka Young.

Ericka and her husband paid off nearly $100,000 of debt in the first 5 years of their marriage.

After paying off her debt Ericka went to Nashville to train with Dave Ramsey and his team to become a financial coach to assist others in getting out of debt.

Ericka is the author of the book Naked and Unashamed - 10 Money Conversations Every Couple Must Have.

Timeline:

00:44 - Intro
01:18 - Ericka's Financial Freedom Journey
04:57 - Why we are in debt...
07:42 - Goal Setting
12:29 - Social Media's Impact
14:28 - Finding Money in Your Budget/Managing Spending
23:43 - Goal Setting Continued
28:02 - Hidden Expenses of Buying a House
29:17 - Planning Out the Monthly Spending
33:32 - Couple's Money Conversation
39:06 - Rapid Fire: Share an internet resource like Mint with the Financial Freedom Community
41:01 - Rapid Fire: What is your favorite financial blog?
42:02 - Rapid Fire: What is one financial book that everyone should read?
44:26 - Contacting Ericka

Resources & Links:

Download this Episode

Planning for a Newborn & Lowering Your Expenses with Jenny & Jimmy Carroll 0

Jun 10, 2020

Today we are chatting with Jenny and Jimmy.

Jenny and Jimmy are the bloggers behind LivingLifeLovingUs where they share their story along with budgeting tips, culinary creations, and health and fitness advice

Jenny and Jimmy together have paid off $120,000 of debt in less than 24 months.

Timeline:

00:44 - Intro
01:13 - Jenny & Jimmy's Financial Freedom Journey
10:51 - Cruise Money Saving Hack
12:56 - Financial Changes After Having Kids/Newborn Budget Hacks
15:38 - Lowering Your Expenses/Intentional Spending
25:41 - Financial Advice for Expecting Parents
27:04 - Jenny & Jimmy's Infertility Journey
30:56 - Rapid Fire: Share an internet resource like Mint with the Financial Freedom Community?
31:19 - Who is your financial hero?
32:34 - Rapid Fire: What is one financial book that everyone should read?
33:16 - The Budget Meeting
34:29 - Contacting Jenny & Jimmy

Resources & Links:

Download this Episode

Your Family & Your Money with Andy Hill (Marriage, Kids and Money) 0

Jun 10, 2020

Today we are hanging out with Andy Hill!

Andy and his wife are completely debt free, including their mortgage.

They have also increased their net worth by $800,000.

Andy is the man behind the Marriage, Kids and Money blog and podcast.

Timeline:

00:44 - Intro
01:08 - Andy's Financial Freedom Journey
08:22 - The Budget Party
10:31 - Children and Financial Freedom
17:20 - Paying Off vs. Keeping Your Mortgage
21:48 - Growing My Net Worth By $800,000
23:26 - Being a Parent's Impact on Financial Freedom
26:04 - 529 Education Plan
28:58 - Starting a Family
30:15 - Salad Bar Financial Concept
36:30 - Rapid Fire: Share an internet resource like Mint
37:37 - Rapid Fire: What is your favorite financial blog, other than your own?
38:25 - Rapid Fire: What is one financial book that everyone should read?
39:45 - Rapid Fire: What is your favorite financial hack?
40:56 - Contacting Andy

Resources & Links:

Download this Episode