How to handle your finances during the Covid-19 crisis

March 22, 2020

The Covid 19 or Coronavirus has been spreading rapidly at a fast pace across every country in the world. This has had a tremendous impact so far for the infected people, the way we live our daily lives, the global economy, and our finances.

Here are the topics I am discussing today :

The most important: Your health
Practicing gratitude every day. This is something I have been doing for a few years and for me, this has helped me to gain more mental strength a bigger desire to do good and less desire to do harm. Try it for one month and let me know how it went. This will also help you to be less subject to panic. And on that note I invite you to watch an excellent video on the topic by Matt D’Avella, How to deal with uncertainty. 
Emergency funds, the crucial piece of your personal finances in a crisis. Check out as well these excellent tips from my friend Jacob: Emergency Budget: How to Budget During a Pandemic.
 We’ll recap some useful financial definitions: Recessions, bear markets and Black Swan events.
Stock Markets: What should you do? Is it the right time to get started? Which stocks should I buy?
Let’s help each other, every little gesture can go a long way so let’s behave and care for our neighbors (let’s not behave like the douche that hoards 400 rolls of toilet paper at the supermarket,…)
… More How to handle your finances during the Covid-19 crisis

Stephen Rischall travelling

How Millionaires Manage Their Money and How To Develop a Positive Money Mindset with Stephen

April 3, 2020

In today’s episode, we will speak to my friend Stephen from Navalign (A financial planning and investment management services firm in LA). He is a well-spoken Certified Financial Planner and helps his clients to cover their financial planning needs by advising them on: Investing their money, providing financial advice and tax and estate planning among others.

We will discuss a few lessons learned based on Steven’s experience with his clients and see how we can apply these even though we do not make millions. We will cover Stephen’s approach to investing in equities (stocks), how the rich invest and in what specific assets they do invest, why it is important to plan your taxes well (Do the rich use all the tax loopholes in the book?) and finally how to develop a positive money mindset. … More How Millionaires Manage Their Money and How To Develop a Positive Money Mindset with Stephen

fintech iphone in hand

Fintech Is Reshaping the Financial Service Industry – Myth or Truth?

March 31, 2020

Advances in technology have revolutionized how the world does business. Every industry has been impacted, from imports and exports to education, to finance.

The financial service industry, in particular, has seen numerous advances and shifts in how people bank. This leaves a lot of people wondering if Fintech— financial technology— is really reshaping the financial service industry, or if that’s just a myth.  … More Fintech Is Reshaping the Financial Service Industry – Myth or Truth?

desk with hustle cup

Escaping Broke Phi Broke and Making Financial Sense of Side Hustles with Jerry

March 27, 2020

In today’s episode, we will speak to my friend Jerry from Peerless Money Mentor.
Despite being equipped with two degrees, Jerry found himself in too much debt and overspent on things he could not afford. He luckily refinanced some of that heavy debt and entered little by little into the personal finance space.
Jerry will share his experience on how he got into debt in the first place (From Broke Phi Broke…) and how he managed to crush it (…to Financially Woke). In the next part, we will exchange perspectives on side hustles like driving for Uber, freelancing, answering online surveys, helping companies with their social media marketing, etc. We will evaluate the pros and cons and if they make financial sense at all. … More Escaping Broke Phi Broke and Making Financial Sense of Side Hustles with Jerry

women holding shopping bags

How to live a valuist lifestyle and how status is killing the American Dream with Kofi

March 13, 2020

In today’s episode, we will speak to my friend Kofi from 400 Lb Elephant.

Kofi has been debt-free for 3 years now and has also become a financial coach next to his full-time job (which is awesome by the way!). His goal is to help people get out of debt and empower them with the right financial education and coaching.
We will dive deep into the topic of living a valuist lifestyle: What that means and why Kofi chose this lifestyle. Secondly, we will debunk the idea that because one has a high earning profession, one should automatically know about all things money. And last we will discuss why status will kill the American Dream, or in more general terms how the pursuit of status will impair your finances. … More How to live a valuist lifestyle and how status is killing the American Dream with Kofi

Woman stressed at computer

How LendEDU can help you reduce the burden of your student loan or mortgage with Mike

March 8, 2020

In today’s episode, we will speak to my friend Mike from LendEDU.

LendEDU launched in August of 2014 and is an online marketplace for a variety of financial products including mortgages, student loans, insurances and so on. Although most of their website visitors are looking for information on student loans, their blog articles are pretty informative as well! Make sure you check them out!
Mike is coming on the show today to discuss market trends on student loans, mortgages and the booming Pet insurance industry (yes, I was surprised as well). We will also discuss refinancing your student loan (including a few helpful repayment strategies) and mortgage and we will also touch upon Mike’s career choice of working for a startup instead of a larger corporation. … More How LendEDU can help you reduce the burden of your student loan or mortgage with Mike

DEGIRO Review: Low-Cost Stock Investing

March 4, 2020

If you live in Europe and have listened to some of the latest Podcast episodes about investing in stocks with my friends Leanna, Joseph and Sandy, you might be wondering which bank or broker to use. 

The common advice is to look for online brokers instead of banks as their fees are lower. These costs have a significant impact on your overall returns, so making sure you understand the fee structure is crucial. Out of all the possible choices in Europe, one platform that stands out is DEGIRO mainly thanks to their low fees. Since I cannot try the service myself, my friend Meer of Mynder kindly accepted to share his experience with DEGIRO on the blog for us. … More DEGIRO Review: Low-Cost Stock Investing

Stability girl

What Financial Stability means for different people and how you can manage your money in order to achieve financial stability with Nadia

February 28, 2020

In today’s episode, we will speak to my friend Nadia from Speaking of Cents.

She writes about a variety of topics around personal finance and focuses mostly on the mindset that revolves around managing your money. The aim of the blog (and Youtube channel) is to educate people on how to manage their money at any point in their life regardless of their income.
We will discuss what financial stability means, why it is important, why people struggle with it and Nadia will provide an actionable 7-step plan to achieve that Financial Stability.
This episode is for you if you are getting started with your finances and want some guidance on improving your financial situation or find your way to work towards larger financial goals. … More What Financial Stability means for different people and how you can manage your money in order to achieve financial stability with Nadia

How to Juggle your Successful Rock Band and your Full-Time Job (Without Losing Your Mind) with Kade

February 20, 2020

We speak to my buddy Kade from the rock band Throw The Fight.
Kade also started his solo project Kade Katz end of last year and I thought it would be great to bring you his story on the Podcast! We will discuss and present both Throw The Fight and the Kade Katz project. We will then dive deep into how he manages his time between the day job, the band and his solo project and Kade will also take us “backstage” to reveal what happens behind the curtain at Throw The Fight: Their journey, their take on the “Sex, Drugs and Rock ‘n’ Roll” lifestyle and how to grow today as an independent artist. … More How to Juggle your Successful Rock Band and your Full-Time Job (Without Losing Your Mind) with Kade

Happy woman

Do you have a Scarcity or an Abundance mindset? How to transform your Money Mindset with Adine

February 14, 2020

In today’s episode, we will speak to my friend Adine from Lekker Leven met Minder.
Adine is from The Netherlands and we met last September at Fincon. Although we met at a Money/Finance conference, one of her favourite topics is Money Mindset. A topic I really enjoy because, in my opinion, that is where it is all starts. And if you think about it,  it is true. You can write or read about the best financial tips, the next best stock with the highest potential growth, the best area to own a rental property and so on. If you do not have the correct Money Mindset in the first place, you will always be struggling in a way or another. … More Do you have a Scarcity or an Abundance mindset? How to transform your Money Mindset with Adine