MM016: How to Find Your Side Hustle

How to Find Your Side Hustle | The Modest Millions Show

I’ve been known to have an idea or two for a side hustle. Some are ridiculous ideas. Some are impossible ideas. Some ideas are so far-fetched I don’t know how in the world I came up with them. And then some ideas are solid, feasible, actionable and ambitious. These are my favorite. The fact is, when you’ve got a side hustle you’re working on, you have more options that can help fund your future. Today’s episode covers some rules to follow and a few idea starters so you know how to find your side hustle.

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MM015: How to Create a Money Binder

How to Create a Money Binder | The Modest Millions Show

If you manage your family’s personal finances, what would happen if the worst happened and you were no longer “available” to manage the household finances? In our house, I manage the finances, and Mrs. Modest is perfectly okay with that. If something happened to me, I don’t know if my wife would know the location of all our assets. Enter, the money binder. In today’s episode we talk about the importance of a money binder and how to create one today.

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MM014: The Simple Math of Calculating Inflation in Retirement

The Simple Math of Calculating Inflation in Retirement | The Modest Millions Show

Figuring out how to calculate how inflation affects your retirement savings is made out to be a super-complicated process, requiring advanced math skills. What’s frustrating is that calculating how your retirement savings is impacted by inflation isn’t all that difficult. In today’s episode, we talk about the simple math of calculating inflation in retirement. 

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MM013: The Power of Small Dollars for Personal Finance

The Power of Small Dollars for Personal Finance | The Modest Millions Show

There’s this misperception out there that you need to have a bunch of money socked away before you can invest in either a retirement account or taxable account. Some of this advice comes from popular pundits who promote a debt-free-first lifestyle, some of it comes from the legacy model of investment advisors that only work with clients with a minimum threshold of investable funds. The fact is, the sooner you start investing, no matter how small that number is, the more exponential the growth of your nest egg. The math is crazy!

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MM010: Setting SMART Personal Finance Goals

Setting SMART Personal Finance Goals | The Modest Millions Show

That which is measured improves. Easier said than done when you’re trying to figure out your personal finance goals for the next 30 years. So how do you keep you personal finance goals on track? It all starts with SMART goal setting. In this episode we’ll work through the foundations of setting big and small SMART personal finance goals so you can stay on track to reach your modest millions.

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MM007: Tax Day Takeaways

Tax Day Takeaways | The Modest Millions Show

Today is Tax Day in the U.S. It’s a day dreaded by many, but hopefully this year’s tax season was relatively stress-free and free of any major surprises for you. As we wrap up one tax year and plan for the next, it’s time to look back at what you would have done differently and make some Tax Year’s Resolutions for this coming year.

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MM005: Understanding Retirement Accounts: Traditional 401(k)

Understanding Retirement Accounts: Traditional 401(k) | The Modest Millions Show

You’ve heard of 401(k)s at work, and heck you might (hopefully!) contribute to one. But do you really know how they work and how they can maximize your retirement savings? Let’s dive in and learn more about the Traditional 401(k) account.

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MM004: What is the 4% Rule and is it Right for Me?

Have you heard about the 4% Rule and how you can use it to safely make withdrawals from your savings in retirement? It can be a simple rule of thumb to make sure you’re able to withdraw enough money to cover your retirement expenses without needing to worry about running out of money before you run out of retirement. That would not be good.

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