Ep. 138: Mark has a pretty good financial life, except for his unique life insurance situation…

M$D: January 28, 2024 Meet Mark. Mark’s main concerns, in his words: I have 300k in retirement savings. Putting $3000 a month toward retirement in Roth 401k and 457b plans (We make too much for a Roth IRA).  Have $170,000 in student…

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Ep. 134 Bernard has a lot of good things going, but he’s going to have to play the waiting game.

M$D: June 16, 2033 Meet Bernard. Bernard’s main concerns, in his words: I’m not completely sure how to plan effectively for my retirement. My wife and I are both public school teachers. In our state, we will receive a pension when…

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Ep. 131: Aaron has a big housing decision to make that can make or break his financial future

M$D: N/A Meet Aaron Age: 29 Aaron’s main concerns, in his words: We just got married on July 22nd and would like to be financially literate and on the same financial page. We are fortunate enough to have our condo paid off…

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Ep. 129: Ed now has to make one full- and one part-time income work for five people.

M$D: 10/3/2026 Meet Ed Age: 38 Ed’s main concerns, in his words: In 18 months, we went from supporting two people on two full-time incomes to supporting five people on one.  We now have 1 full-time and 1 part-time income. We have…

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Ep. 127: Dave is making over 100k but feels like he’s living on 30k.

M$D: N/A Meet Dave Age: 28 Dave’s main concerns, in his words: I am in medical sales and my wife is in procurement. Getting married next month. Share bank account. Combined, we make about $110k/year, but we always seem to have the same amount of…

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Ep. 125: Renae just had a giant income increase and needs help budgeting

M$D: 7/11/2062 Meet Renae Age: 28 Renae’s main concerns, in her words: Took my time to get into college, graduated undergrads in graphic design in 2013. Got pregnant. Took any work possible. Landed a decent 30k salary/benefits job that I enjoy. Earned $7,800 additional in…

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Ep. 119: Monica is your financial role model

M$D: 8/5/2028 Meet Monica Age: 26 Monica’s main concerns, in her words: My income isn’t crazy high (active duty military), but I’m able to save  and invest 50-60% of my take-home pay depending on the month, while feeling that I live a pretty high quality…

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Ep. 117: Tony wants to be able to shut it down at 40. Can he?

M$D: 7/31/2026 Meet Tony Age: 28 Tony’s main concerns, in his words: I’m 28, my wife is 26. We have a 16-month-old son. Our main goal is to have enough money where I can semi-retire at 40 (or earlier), if I want, and work part-time/full-time…

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Ep. 115: Malcolm is a doctor and is about to get paid

M$D: 4/14/2051 Meet Malcolm Age: 28 Malcolm’s main concerns, in his words: I’m a little over a year out of medical school, doing a three year residency training program. I have about $312,000 in student debt, and make about $50,000 a year until I graduate…

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Ep. 111: Omar wants to retire by 40

M$D: 12/27/2023 Meet Omar Age: 30 Omar’s main concerns, in his words: I think my wife and I could make for an interesting case study. We’re both 30 with aspirations of achieving very early financial independence/retirement by 40. Neither one of us are doctors/lawyers/engineers…

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Ep. 109: Gordon has paid down a ton of debt and is ready to party (buy a bigger house)

M$D: 8/23/2028 Meet Gordon Age: 37 Gordon’s main concerns, in his words: Hi, Pete. I kid you not, it feels like I have listened to every one of your episodes since I discovered you on Stacking Benjamins a couple weeks ago. I think I may…

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Ep. 105: Travis just got a big inheritance

  M$D: 10/29/2026 Meet Travis Age: 33 Travis’s main concerns, in his words: Here’s the lowdown. We’ve been married for 11 years and 2014 & 2015 brought lots of significant changes to our lives. To this point we’d made significant progress in our financial lives….

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Ep. 103: Ron has a ton of financial anxiety – his wife doesn’t

M$D: 6/23/2030 Meet Ron Age: 27 Ron’s main concerns, in his words: My wife and I are both 27 years old. I am a math teacher while she is a physician assistant. Our adjusted gross income is about $145,000. Right now we each have about…

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Ep. 101: Hank will be a millionaire by 40 with a few small changes

M$D: 2/5/2025 Meet Hank Age: 34 Hank’s main concerns, in his words: My wife and I are in this place where we are finding it difficult to balance retirement, paying off student loans and other consumer debt, and planning for our kids short term needs…

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Ep. 99: Jackson is paying for his Masters degree as he goes

M$D: 11/9/2042 Meet Jackson Age: 26 Jackson’s main concerns, in his words: I’m a teacher at a local school, I own one rental, and I work with a contractor in the area on some side jobs in the summer. I have about 20k saved between…

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Ep. 98: Investment Logic

Topic: Investment Logic What we cover: Our guest is Michael Batnik, TheIrrelevantInvestor.com Moving the Goalposts Distractions Cost Investors 115% Seeking Alternatives Subscribe on iTunes | Subscribe on Stitcher Want to be a guest on the The Million Dollar Plan podcast? Apply Here.

Ep. 95: Lucy is a travel nurse who is killing debt

M$D: 9/13/2038 Meet Lucy Age: 34 Lucy’s main concerns, in her words: Description: I’m a single, registered nurse. Currently, I have about $9,000 in credit card debt, $8,000 on my final student loan, I bought a house last summer ($112,000) and I lease a…

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Ep. 93: Whitley is the sole breadwinner, trying to support her husband’s dream

M$D: 6/3/2045 Meet Whitley Age: 31 Whitley’s main concerns, in her words: I recently (in May 2016) stumbled across your podcast while searching for podcasts on Minimalism. Your episode with Joshua Becker hooked me in. Since then I believe I have binged listened to…

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Ep. 90: Gender Differences

I’ve always been fascinated by gender differences, but the last few years I’ve really been awakened to the nuances in how genders handle money differently. So has my friend Kendrick Shope, whom I’d call a gender expert. Our discussion covers everything from how genders get paid, to how they spend and save money.

Ep. 88: Investing with your kids

Investing with your kids isn’t a topic that’s often covered, but I think it’s vital. My 7 year old daughter owns stock, and it’s taught her so much about how money functions in our society. Here are my top tips for teaching your kids about money through investing.

Ep. 87: Phil is single and ready to mingle…if you’re financially responsible

M$D: 11/17/40
Meet Phil
Age: 31
After recently ending a long-term relationship, Phil is wondering how he’ll be able to afford the home they shared expenses on for years. Can Phil’s financial life adjust to the single life or will he have to make some big changes?

Ep. 85 Henry is a veteran who delayed his financial life for you and me

M$D: 10/2/2049
Meet Henry
Age: 28
Henry served our country for years, and his now back to civilian life. Henry is dealing with student loans, a huge car payment, and a credit card bill. Henry wants to make smart choices in his new life, and I help him make a plan.

Ep. 82 Investing Behavior

  Topic: Investing Behavior Special Guest: Daniel Crosby of Nocturne Capital What we cover: Where psychology and investing meet A look into Daniel’s new book, The Laws of Wealth: Psychology and the secret to investing success How to fairly evaluate your…

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Ep. 79: Barry is single and feels like he should be making hay, but afraid he isn’t

M$D: October 19, 2040 Meet Barry Age: 35 Barry’s main concerns, in his own words: I’m 35 years old, single, and living in Atlanta. I make just under $70,000/year, put 13% into a company sponsored 401K (7% match on first 6%). The 13% increases annually by 1%. Another $100…

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Ep. 79: Transportation

Topic: Transportation What we cover: How poor transportation decisions impact your Million Dollar Day What percentage of your income should be spent on transportation How to fix a transportation overspending problem Subscribe on iTunes | Subscribe on Stitcher Want to be a…

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Ep. 77: Danielle is self-employed and worried about creating permanent stability

M$D: September 13, 2033 Meet Danielle Age: 34 Danielle’s main concerns, in her own words: I love my job, and I’m proud of what I’ve accomplished, but I am concerned about several aspects of my future financial stability. (1)Student loan debt. I currently have $70,000 in student loan debt, and am…

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Ep. 74: Retirement Variables

Topic: Retirement Variables What we cover: The impact of inflation on your retirement funds The importance of distribution rates Tax rates and your retirement Why we don’t do what we should, even when we know better Subscribe on iTunes | Subscribe…

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Ep. 73: Jerry is a millionaire and it doesn’t feel like he thought it would

  M$D: On the path to his second million Meet Jerry Age: 48 Jerry’s main concerns, in his own words: I have recently acquired a net worth of over $1 million after significant financial setbacks. This happened after realizing a $120k loss on…

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Ep. 69: Todd is about to go back to school, buy a house, and start a family

M$D: June 5, 2026 Meet Todd Age: 27 Todd’s main concerns, in his own words: My wife and I are currently in a good financial position (good jobs, decent retirement savings, decent earnings to spending ratio, minimal debt). However, over the next 12-24 months,…

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Ep. 66: Relationships

Topic: Relationships What I cover: The influence of your upbringing on how you manage money in a relationship The pros and cons of separate accounts and joint accounts Establishing financial goals together Subscribe on iTunes | Subscribe on Stitcher Want to be a…

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Ep. 65: Giuseppe’s income is going to get huge in a year

M$D: It’s complicated Meet Giuseppe Age: 36 Giuseppe’s main concerns, in his own words: I’m 36 with a wife and a 6 year old. We owe a total of about $380,000, almost all of which is student loans. We currently make about $170,000/year. In…

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Ep. 63: Spencer wants to take a break to go get his MBA

M$D: February 5, 2037 Meet Spencer Age: 25 Spencer’s main concerns, in his own words: I’ll keep the details limited. $22k in student debt at 7.35% (private loan). $29k in savings. $10k in 401k. Current renter with roommates. I would potentially like to buy…

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Ep. 61: Kami wants to freelance…just in case a baby is on the way

M$D: September 5, 2053 Meet Kami Age: 29 Kami’s main concerns, in her own words: My No. 1 financial concern is determining if it’s feasible to move to working freelance rather than working at my corporate job. I’d love to work for myself…

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Ep. 59: Ryan was talked into a house he can’t afford and his wife is pregnant

M$D: N/A Meet Ryan Age: 24 Ryan’s main concerns, in his own words: My father in law offered myself and my wife (his step daughter) help getting into a home. His offer was that he would buy the home, then rent it to us for…

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Ep. 57: Dustin wants to know if his new home purchase will impact his retirement

M$D: November 5, 2039 Meet Dustin Age: 25 Dustin’s main concerns, in his own words: Hi my name is Dustin, I am 25 and I work for the phone company. I recently got engaged with a wedding date of May 2017 I make…

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Ep. 56: Betty’s retirement plan stability makes college possible for her daugher

Million Dollar Day: July 5th, 2029 Meet Betty Age: 41 Betty’s main concerns, in her own words: I’m wondering how badly I’m screwing up my chances of getting financial aid for my 14 year old daughter. I got a very late start to…

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Ep. 55: Howard faces the financial ramifications of adopting a child

Meet Howard Age: 34 Howard’s main concerns, in his own words: I make a little more than $60,000 a year. My wife does not work outside the home and we recently (2 years ago) adopted our daughter from Bulgaria. At the same time,…

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Ep. 54: Whitney is afraid her impending bonus and her spending habits will ruin her long-term goals

Meet Whitney Age: 30 Whitney’s main concerns, in her own words: My husband and I are both 30. I earn $104,000/year and he earns $130,000/year. We have two children, a six month old and a two year old. Our children are in daycare…

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Ep. 53: Jenny is dealing with debt, a variable income, and a new marriage

Meet Jenny Age: 35 Jenny’s main concerns, in her own words: My husband’s salary around 170k/year. Plus a potential bonus of about $30k/year. I work part time serving so my income fluctuates. We’re newly married, no firm budget My husband’s account: $55,000 in savings…

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Ep. 52: Bobby is ready to pull the trigger…maybe

Meet Bobby Age: 60 Bobby’s main concerns, in his own words: I’ve done what I believe is a good job saving for retirement with no debt and about $3 million Net Worth. ($2 million in 401K/IRA/pension). I’ve never used a planner mostly…

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Ep. 51: Anne is divorced with two young kids and is concerned about a secure future

Meet Anne Age: 42 Anne’s main concerns, in her own words: I’m a single mother with two children. One is 2, and one is in his first year of college. I’m 42 so I’m concerned about college debt and also retirement…

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Ep. 46: Nicole wants to know whether she can buy a house before paying down some pesky debt

Meet Nicole the 2nd (not to be confused with Ep. 12 Nicole) Age: 25 Salary: N/A Nicole’s main concerns, in her own words: We have a little less than $40k in debt between our two auto loans, a personal loan ($8500), a credit…

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Ep. 45: Chuck wants to know if he should buy Long-Term Care insurance

Meet Chuck Age: 54 Salary: N/A Chuck’s main concerns, in his own words: Mostly curious as to what are the variables to be weighing when determining whether or not to purchase insurance for assisted living/nursing home expenses that one might incur in…

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Ep. 41: Leia resists the dark side of living in an expensive city

Meet Leia Age: 24 Salary: $40,000 Leia’s main concerns, in her own words: I’m trying to make a decision between getting a higher paying job or changing my lifestyle to cut down on monthly costs. I love my job right now; it’s…

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Ep. 40: Hairy has some big hairy audacious retirement goals

  Meet Hairy Age: 27 Salary: $100,000 Employment: CPA Hairy’s main concerns, in their own words: I’m 27 year old CPA living and working in Manhattan. My main short-term, mid-term, and long-term goal is financial independence. My net worth just crossed the…

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Ep. 39: Is Caroline behind the retirement eight ball, or is she right where she should be?

  Meet Caroline Age: 28 Salary: $103,000 combined household income Caroline’s main concerns, in their own words: I thought my husband and I were doing pretty well financially compared to couples our age (I’m 28, he is 30). But after listening…

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Ep. 38: Gene goes from ballin’ to borrowing from his mom’s life insurance policy

Meet Gene Age: 27 Salary: $50,000 Employment: Web Development Gene’s main concerns, in their own words: Hey guys! I’m currently closing in on being debt free and need to know what to do when I’m onto greener pastures than paying down debt and stocking…

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Ep. 37: Ellie has a massive change in income

Meet Ellie Age: 37 Salary: $52/hour Employment: Pharmacist Ellie’s main concerns, in their own words: Single mom of 4yr old twin boys Work 25 hours a week as a pharmacist ($52/hr) Am currently unable to change jobs or work extra hours $30,000…

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Ep. 36: Roy feels he must choose between medical help for his daughter or financial success

Meet Roy Age: 35 Ray’s main concerns, in their own words: My wife stays home to care for our medically complex 3 year old so we only have one income. We have medical debt, student loan debt and incur other debts/collections regularly…

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Ep. 35: Claire Balances a New Baby, Retirement, and Life Insurance

Meet Claire Age: 31 Salary: $6,000/month Employment: Government Claire’s main concerns, in their own words: I work for the government and my husband is a stay-at-home dad. I have one daughter 2 years old and another baby on the way. I make…

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Ep. 33: Samantha learns whether or not she should buy her first home

Meet Samantha Age: 33 Income: $65,000 (gross) Samantha’s situation in her own words: I’m 33 years old and have been living in apartments for the last 12 years and I’m tired of it! I feel like I ready to buy a home…

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Ep. 30: Kyle Asks How To Hire A Financial Advisor

Meet Kyle Age: 36 Salary: $10,000/month (combined) Kyle’s main concerns, in their own words: My wife and I have good jobs and bring home combined $10,000/mo. We have $0 credit card debt. We own a $200,000 home and have one car payment…

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Ep. 29: Female Elvis Talks Through Her Complicated Financial Life

Meet Female Elvis Age: 38 Salary: $14,000/month combined Female Elvis’s main concerns, in their own words: We are two very successful people, but we just went from living in an apartment in Chicago to buying a house in Des Moines, IA. Buying…

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Ep. 28: Timmy Takes Responsibility for His Situation

Meet Timmy Age: 34 Salary: $15.68/hour Employment: Post office letter carrier Timmy’s main concerns, in his own words: I’m a single father of twins, who will be 3 on Friday. I have joint custody, no child support. I’m a letter carrier with…

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Ep. 27: Dana Considers Early Retirement

Meet Dana Age: 44 Salary: $7,331/month (combined) Employment: Bookkeeper Dana’s main concerns, in their own words: I’m 44 and my husband is 45. I work as a bookkeeper & my husband is a civil engineer in the construction industry. We have two kids, one a…

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Ep. 26: Ricky Transitions from Paying Debt to Saving

Meet Ricky Age: 43 Salary: $8,000/month (combined) Employment: IT Ricky’s main concerns, in his own words: My wife (48) and I (43) are about to finish off 1.5 year process of paying off our debts that totaled just over $42,000. That was a car loan,…

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Ep. 25: Tara Asks How To Use Her Bonus

Meet Tara Age:  33 Salary: $5,800/month (combined household income) Tara’s main concerns, in her own words: We have the following monthly expenses: $1,300 mortgage $500 Child care Oldest $867 car payments $510 Insurance/Fuel $670 Utilities $1,000 Groceries We have a bonus potential…

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Ep. 24: Is Greg Saving Too Much For Retirement?

Meet Greg Age: 31 Salary: $63,000 Employment: Special Librarian Greg’s main concerns, in his own words: I have three main questions, any of which I’d be happy to discuss. First, are we saving too much for retirement (if there is such a thing…

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Episode 19: Linda

Meet Linda Age: 33 Salary: $5,000 month (net) Employment: N/A Savings and Investments:  Emergency Fund $5,900 Debt:  Credit card $9,000 Student loans $4,000 Car loan $11,000 Linda’s main concerns, in her own words: Currently, we live in SE MN. My husband has accepted a job that will…

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Episode 16: Ernie

Meet Ernie Age: 33 Salary: $4,000 month (net) Employment: Accountant Savings and Investments:  Savings $0 Retirement $120,000 College fund $1,000 Debt:  Credit cards: $2,000 Furnace $5,000 Student loans $7,000 Debt from parents $15,000 Ernie’s main concerns, in his own words: I make $95k a year +…

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Episode 15: Candace

Meet Candace Age: 30 Salary: $3,500 month Employment: N/A Savings and Investments:  Savings – $1,000 Debt:  Credit cards: $10,000 Student loans $20,000 Debt from parents $15,000 Candace’s main concerns, in her own words: I’m a married, mama of a 1 year old little girl. My husband…

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Episode 14: Alice

Meet Alice Age: 37 Salary: $83,000 Employment: Account Supervisor Savings and Investments:  Checking – $2,500 Savings – $5,000 IRAs and 401k (including husband’s funds) – $105,000 Debt:  Credit cards: $13,500 Alice’s main concerns, in her own words: Want to get serious about debt and saving….

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Episode 12: Nicole

Meet Nicole Age: 23 Salary: $993/biweekly Employment:  N/A Savings and Investments:  $1,654 retirement $997 retirement Debt:  $3,032 credit card $22,935 student laons Nicole’s main concerns, in her own words Current Rent: 225/month Moving out at the end of April and am worried about affording…

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Episode 10: Fritz

  Meet Fritz Age: 27 Salary: His $67k – Hers $100 Employment:  His Accounting – Hers Pharmacy Savings and Investments:  $167,000 Retirement $30,000 Emergency fund Debt: $0 Fritz’s main concerns, in his own words Thanks to people like you speaking truth in my life, my…

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Episode 6: Coach Cliff

Meet Coach Cliff Age: 25 Salary: $40,000 Employment: Teacher/Coach Savings and Investments:  Savings Balance = $10,000 Checking Balance = $7,000 Debt: $54,000 student loans Coach Cliff’s main concerns, in his words I graduated college three years ago with over 50k in student loans….

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Episode 2: Charlie

Meet Charlie. Age: 25 Income: $45,000 (Net Monthly Income: $2,400) Employment: TV/Film Production Savings and Investments: Not much Debt $45,000 student loans Expenses: Rent – $950 (38% of Net Monthly Income) Metro – $120/month Utilities/Bills/Groceries – $600/month Charlie’s main concerns, in his…

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After two years, Pete relents and releases a very weird podcast

We’re finally prepared to give you exactly what you’ve been asking for. After thousands of emails, calls, tweets, and Facebook messages, we’re ready to relent. You see, we get upwards of 100 requests per week for Pete to weigh-in on…

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