Lessons
Introduction To Workshop
10:05 2Meet The Automatic Millionaire
11:47 3Find Your Latte Factor
10:27 4Couples & Money
03:48 5The Best Financial Apps & Tools
06:54 6Pay Yourself First!
12:50 7The 5 Biggest Retirement Account Mistakes
07:23 8Retirement Accounts & Investments
06:08Organize Your Money
05:50 10Crush Your Debt
08:31 11Learn Your Credit Score
04:47 12Be A Homeowner Not A Renter
08:01 13Create A Financial Protection Plan
05:52 14Build A Dream Account
02:12 15Grow Your Income
14:51 16The 6 Biggest Mistakes Investors Make
07:44 17Smart Women Finish Rich
04:26 18Your Purpose-focused Financial Plan
07:59Lesson Info
The Best Financial Apps & Tools
This is my favorite app. I'm gonna go through in a little bit a lot of APS and new fintech companies that you can use I loveman dot com They've been around the longest. So let me dig into what mid dot com does so quick in used to be what people use, like Quicken actually flew in. Embodiment people would use quicken, but then they would stop using it because you had to do it all manually. So what mental calm does have use it correctly? There are lots of ways you can use mental cop. You could just put one credit card in there and you can see where the money is going. Your credit card. I think if you're gonna use me dot com effectively, you put everything in there. I still like it. Like I got every credit card checking accounts, brokerage accounts. I have everything inside. Men talk home, and I have everything that made Talk home won't even link. So if I've got an investment property, I've put the investment property. I've got the mortgages, the loans, the 5 to 9 plans and what it does. I...
t gives me a dashboard not just in my expenses, but it gives me a dashboard on my Net worth. So for couples, the key is what I see in most relationship with couples is that one person's using meant, but they're not both using it. So if you get yourself both to use it, then you really have a family dashboard. Certain things I like about men, aside from all those great futures been gives you free credit score. Um, I like the fact that mint notifies me of things almost every day. Like, you know, aside from the fact that they'll catch like the there there, the 1st 1 to tell me money has been deposited. They're usually the 1st 1 to show me that money has gone out there. The 1st 1 to show me if my credit card with my annual feels like because again, the cracker company is not setting you notice like a $95 fee this year, Um, I just find that having that dashboard make smile makes my life cleaner simpler. And I know where I stand. Funny, actually, level money is another new app. Anybody here using level money? No. Okay, cool. So we got some new stuff here level money's there. They're basically going through your expenses with him. They start to look at where your money is going, and they have this thing called spendable money. And so, in a way, it's kind of locked. If after base, like they they look through your expenses, they see where you're spending money on a regular basis is look how much income you've got coming in. And then they start to tell you almost like for like, a budgeting system. This is how much you could spend on this. This is how much you can spend on this, and they really have made a very nice interface. Hot on the goal with this companies to help you spend smarter and know where your money is going and know how much you've got each month for those different categories. Uh, next one, I want to give you some simple calculators. So whenever I need to run calculations, I go to websites and calculations convey be retirement planning calculations, credit card calculations like let's say you've got credit cards and you want to know how to pay those credit cards off faster. I go to bankrate dot com. I go to the calculator section. They have some of the best calculators that are out there, period. I use their bi weekly mortgage, and we go through biweekly mortgages. Later. I use the biweekly mortgage payment calculator on bank right. You can run your number in minutes. You can run your debt reduction in minutes. You can run your basic savings calculator. There's a basic savings calculator. This is basically a lot of fatty calculator, putting a dollar amount. What you want to have a month, Pick your annual interest running out. How many years quick calculate There's your call bandages calculator. Here's another amazing website with calculators. Tinky town dot net So dinky town dot net is weren't really one of the original, if not the original financial calculator website. So acorns is the first company I'm gonna talk about. I love them, too. When I saw a corns came out. What accords doesn't explain what they do before I tell you why I love it so much. What a corns has done is the first. The number one criticism I used to get around the law tape factor was, well, great. So now I'm not spending $5 a day. How do I invest $5 a day and you couldn't? Technology was not around to invest $5 day. You can now invest a dollar a day. You can go to a company like a corns and basically get an account set up with five bucks, and you can literally investor change. And what a corns does is once you hook up your credit card or you hook up your bank account, it looks at where you spend money. So the example you just gave us A. You spend a dollar you can say the extra 50 cents I didn't spend calculate that throughout the month and move it into a savings account. Now it's not a savings account. It's an investment account, so they're not the only ones doing this. We gotta get you gotta be full and fair to give talk about, give the other company here quickly, coming on the landscaping and that's coming called Stash Invest. Um, very similar. So I really everything I talked about with Acorn Stash is doing something similar. Um, they're building different kind of portfolios, but it's really the same idea, and I I love all these new fintech companies because what these companies are doing for you here in the room you at home is it is democratizing investing. What you can do today is you can automatically invest a couple dollars now and literally have completely diversified portfolio of exchange trading Mutual funds automatically built automatically rebalanced all done for you for like, very low cost. The two biggest players in the space are Wealthfront and betterment. You should go to both of these websites and check them out. They have incredible Ah, simplified interface is similar to what a corns does. They do it on their website. I am not making individual specific financial recommendations for any of you at home either. This class is for educational purposes. When you go to these websites, you got to read everything you've got to do all your own due diligence and you need to talk to an accountant, Personal finance advisor, educational purposes. You are not leaving here today with a personal individual financial condition. We call that okay, except pay yourself first
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