Ep. 388: Our Philosophies on Money, Explained! Sort Of.

Have a money question? Get expert answers. Email us at: askpete@petetheplanner.com

This week on the Pete the Planner Show, Pete and Damian get two of the shortest questions of 2020 …and then they get the longest email question in the history of the show. 🙄

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No time to listen? BUMMER. Here’s some of what happened:

Show Notes:

Mailbag Question 1:

    • “I’m trying to discover your methods or philosophy on handling money in a prosperous way. Could you let me know, please?”
      • Pete: My goal as an individual isn’t to accumulate as much money as possible. I view money as a resource like I do time. I think about how I want to leverage the undefined and finite amounts of time and money I have in my life. When times are good, you may set more aside than you want to, for when times are bad. Money is simply a resource.
      • Damian: Having ground rules and monthly goals in your house is critical. Apply and obey those rules at all times. In time, the total amount of money that you make can become almost a lever for how much you can do with it outside of your core goals.

 

Mailbag Question 2:

    • “Are you still a strong advocate of using a credit freeze as a means of minimizing the consequences of identification theft?”
      • Damian: It’s one of the core things we talk about in our work at Your Money Line. You’ll need to do it three times, with each monitoring company. And it’s free and doesn’t take long to do. It’s essential.
      • Pete: My favorite part of it is that it removes your data from public purview. The credit bureau cannot then sell your data to sell it to third-parties or advertise to you. 

 

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