Episode 402: "Ain't Gonna Worry About Money Anymore" with Eric Himmel - a podcast by Amy Perras
from 2022-07-15T22:00:23
Preshow: Eric saved money by not shaving or getting a haircut. ;)
1:00 Amy’s values
1:41 What Eric knows for sure - if people can automate their money, you’ll be okay. Always think of money as a tool not a goal.
3:06 Money Mirror-Eye opening to see where your money is going
4:00 Make sure you live within your means
4:55 College debt - student loan story - thanks grandpa
5:50 Envelope system now different accounts
6:36 Big money mistakes
6:57 Give 10% to savings
7:00 #automatetobegreat
8:32 You can enjoy life without worrying about money by automating
9:18 A little bit goes a long way - it’s time IN the stock market not TIMING.
9:36 One regret Eric has—waiting too long to invest (Same for Amy)
10:10 Roth IRA
11:28 How it works when stock market is low. Automated systems buys more so you don’t have to worry about it
12:22 Dollar Cost Averaging
12:40 Live within Net Income not the Gross income
14:30 Sweeping cash from checking into savings not vice versa
15:30 Amy’s vacation budget going to dog budget
16:15 Consider our Future Self vs our Current Self when dealing with money
16:44 See past the end of your nose
17:27 How to plan for that vacation—not all or nothing
17:43 “The power of the and, not the tyranny of the or” https://www.jimcollins.com/concepts/genius-of-the-and.html
18:23 Needs - Wants - Wishes
18:25 How “yes, and” got Amy in trouble in life
18:46 Marriage and Money - ASK: “What was money like for you growing up?”
19:20 Saying NO can be very empowering
20:00 We fight about money because we fear we don’t have enough
20:59 Financial planning is more than finding the right products, it’s about knowing your WHY-Have a purpose.
21:42 Make your money work so you don’t have to worry
22:38 “What you’re supposed to do”
24:00 Many ways to skin a cat
24:30 Thrivent - Integrity Award
26:32 Don’t be afraid to look in that financial mirror.
27:00 Bloopers
Where can we find Eric?
(219) 627-3371
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