Category Archives: Million Dollar Plan

Ep. 160: Serena is struggling to prioritize

Meet Serena. Serena’s main concerns, in her own words:  I’m starting a new job, so I feel like I’ll finally be earning enough to open an individual retirement account (in addition to my employer’s pension plan); however; I still have…

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Ep. 157: Financial Stability

This week, I cover the top three signs of financial stability. Over the course of my career, I’ve seen thousands of different financial situations—good and bad. These three signs have consistently been apparent in the good ones. At least three…

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Ep. 156: Aurora is already a millionaire…now what?

M$D: Done. Meet Aurora. Aurora’s main concerns, in her own words: We are a dual income, one child family, who already has a million dollars saved for retirement.  Our emergency fund is only at $26K and we don’t really budget…

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Ep. 155: Healthcare

If you’re like most people, you haven’t been able to avoid all the discussion surrounding healthcare in the past few weeks and months. To cut through all the static, I brought on Paul Ashley from First Person Benefit Advisors onto…

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Ep. 152: Kendall has a child with special needs and wants to plan for the future

M$D: April 29, 2047 Meet Kendall. Kendall’s main concerns, in her words:  We have a daughter with autism that we’re anticipating needing to care for the rest of our lives. Waiting for the state to set up ABLE account for…

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Ep. 151: Mailbag

This week, I dig into more of your questions. These are the ones I tackle: “Hello Pete, I’m a 23-year-old and I work as a chemist making $50,000 a year. I’m currently contributing 6% to my employer-sponsored Roth 401(k) and maxing…

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Ep. 150: Renee has a new baby and some extra money at the end of the month…can she avoid lifestyle creep?

M$D: January 22, 2039 Meet Renee. Renee’s main concerns, in her words:  I feel like we have all of the pieces but I’m not sure how to prioritize.  My husband and I will probably gross around $85-$89k this year (ballparking numbers…

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Ep. 149: College Financial Literacy

This week, I talked with Phil Schuman, Director of Financial Literacy at Indiana University. Phil and I have been working together since last fall on a project to increase college financial literacy. The program, called Money Smarts U, is through…

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Ep. 148: CJ had a late start to his career, but his profession makes it less stressful than you’d think

M$D: October 10, 2041 Meet CJ. CJ’s main concerns, in his words:  We are an early 30’s married couple that is looking to have kids soon.  We have a house, but we are looking to upgrade that in the next few…

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