Ep. 145: Rhonda needs to make a plan for retirement for herself and her employees

M$D: August 26, 2049 Meet Rhonda. Rhonda’s main concerns, in her words: My husband and I recently paid off our businesses. We have been investing all our money into them and not saving much for retirement. We now have quite a…

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Ep. 142: Tatiana’s husband just lost his job, but their financial life is still looking up

M$D: October 28, 2027 Meet Tatiana. Tatiana’s main concerns, in her words: Hello Pete, Our goal is to be debt-free except for our house by November 2019 if not sooner! What can we invest in that will increase our net worth…

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How to craft a life on $250,000/yr

Fire-up the Facebook comments. It’s time to show you the right way to live on $250,000/yr. I know. I know. If you don’t have a household income of $250,000/yr or more, you undoubtedly think there aren’t challenges that come with…

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How to craft a life on $80,000/yr

No matter how many times I see, I’m still in awe when I look at how impoverished a person can be on $80,000/yr, when they live in the wrong city. Yeah, I know that’s a ridiculous statement. But do you…

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Ep. 140: Rey recently inherited a whopping half million and needs to know where it should go.

M$D: September 29, 2026 Meet Rey. Rey’s main concerns, in her words: I wouldn’t normally be contacting you, but I have come upon a not-normal situation. I am a RN ($52k), my husband is a fire captain ($58k) and we have…

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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. 133 Princess Leia returns…just before jetting off to the UK

M$D: N/A Meet Princess Leia (or, if you’re a longtime listener and heard her first episode, welcome back Princess Leia) Leia’s main concerns, in her words: I was featured on your podcast a little over a year ago and you gave me the…

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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. 120: Power Percentage™

Introducing Power Percentage™. You have been trying to measure your financial life for years. You measure it by your credit score, your net worth, your income, your savings or retirement account balances… yet none of those reward your for good behavior…

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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. 110: Self-Sabotage

Topic: Self-Sabotage  What we cover: Spencer Jakab author of Heads I win, Tails I Win The act of not saving before spending is self-sabotage Knowing that you have to fund your retirement and not doing it, is self-sabotage Voluntarily Buying something…

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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. 104: Better

Topic: Better What we cover: Better stuff has been the result of a better life. Go through budget Giving your kids better may have created less independent children Are expectations for others are different than expectations for ourselves? Yelp reviews Athletes…

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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.