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. 🙄
REMINDER: Try HEY MONEY, your new secret weapon for advice in your personal finances.
No time to listen? BUMMER. Here’s some of what happened:
Show Notes:
Mailbag Question 1:
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- “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.
- “I’m trying to discover your methods or philosophy on handling money in a prosperous way. Could you let me know, please?”
Mailbag Question 2:
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- “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.
- “Are you still a strong advocate of using a credit freeze as a means of minimizing the consequences of identification theft?”
We’ve got so much more in the full show. Get every segment — click PLAY below for the full show.
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Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.