The His and Her Money Show (general)

Real estate investing is an activity that’s becoming popular by the day, but how do you get started? How do you make the leap from potential real estate investor to someone who’s walking out with a loan for a new soon-to-be money-making property?

In this episode of the His & Her Money Show, we talk with one of the experts that can get you started. Jarrod Greer is the VP of Mortgage Lending at Guaranteed Rate and a renovation specialist who can help you navigate the paperwork you need to start making a profit.

 

WHAT YOU WILL LEARN 

  • What do I need to be a real estate investor?
  • Buying and investing in real estate after the 2006-07 Recession...and possibly a future recession
  • House hacking
  • Why you need to plan more before we buy a home
  • Your credit score: How does it impact real estate investing and how can I improve it?
  • Difference between FHA (Federal Housing Authority) loans and commercial loans
  • What’s the best credit score for an ideal rate?
  • Renovation loans- What it is and how can I get one?
  • Debt ratio-What is it and how does it impact my real estate investing
  • How much money do I have to put down for an investment?
  • ARV(After-repair value) and its impact on a renovation loan
  • Why you need a team when you invest in real estate
  • What you need to know before you meet a loan officer
  • Why is it important to know all of the stuff (like loan requirements) when you’re investing?

 

RESOURCES MENTIONED

 

THANKS FOR LISTENING!

Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below.

If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

Direct download: FINAL20Jarrod20Grear20Episode.mp3
Category:general -- posted at: 6:00am CDT

Erica Wade brings the “hustle” when it comes to kicking debt’s butt and she shares her journey with us on the His & Her Money Show. 

Tune in if you are ready to hear how Erica slashed her debt, built a mini side hustle empire and live a financially disciplined life that inspires others while treating yourself at the same time.

 

WHAT YOU WILL LEARN 

  • The lasting positive impact the His & Her Money Show had on Erica 
  • Tackling different types of debt
  • What to do when you get overboard with budgeting ...and how Erica fixed the problem
  • The most important account in Erica’s budget
  • Why you should have fun built into your budget
  • Handling the extra money from a side hustle
  • How to balance a side hustle with the rest of your life
  • Dealing with naysayers on your debt-free journey
  • Going beyond the side hustle” Erica’s plan to move from side hustle to side hustle empire

 

RESOURCES MENTIONED

 

THANKS FOR LISTENING!

Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below.

If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

Direct download: FINAL20Erica20Wade20Episode.mp3
Category:general -- posted at: 6:00am CDT

In this episode of the His & Her Money, Clark Kendall shares how it’s possible for everyday, middle-class people like your janitors, hair salon owners, and teachers have the potential to become millionaires through smart, strategic investing. 

Clark Kendall is the President of Kendall Capital Management and author of the fantastic book Middle-Class Millionaire. Furthermore, Clark has 30 years of experience in investment and wealth management with the academic knowledge obtained from the Chartered Financial Analyst® (CFA), Accredited Estate Planner (AEP®), and CERTIFIED FINANCIAL PLANNER (CFP®) programs.

 

WHAT YOU WILL LEARN 

  • How his childhood & passion for working with the middle class led him to write “Middle-Class Millionaire”
  • Biggest misconceptions about retirement
  • How to set yourself up for smart investing...even if you don’t have a million dollars in the bank
  • Why you should adopt a saver’s mindset to become a better investor
  • Why Clark says we need to rethink retirement
  • Teaching financial literacy to your kids
  • The unique way Clark taught his kids financial literacy
  • How can someone get started in investing?
  • What is tax diversification?

 

RESOURCES

 

THANKS FOR LISTENING!

Thanks for tuning in to us on The His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section.

If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

Direct download: FINAL20Clark20Kendall20Episode.mp3
Category:general -- posted at: 11:21am CDT

A couple committed to a debt-free journey is a force to be reckoned with…

In this “In the middle” episode, we talk with Walter and Latasha about the strategies and inspiration that helped them knock off $22,000 out of their $66,000 worth of debt within months. 

 

WHAT YOU WILL LEARN IN THIS EPISODE

  • Why Walter and Latasha decided to make their debt-free journey a family affair 
  • The sacrifices Latasha and Walter made to stay on their debt freedom plan
  • Getting your spouse on board when you’re on a debt-free journey
  • Why April decided to sell her home (for a good profit) to knock thousands of dollars in debt
  • The big step Walter and Latasha took to save money while paying off debt
  • How to adjust your debt freedom plan with your pay schedule
  •  The mindset shift about debt that transformed how Latasha and Walter felt about the debt
  • The medical wake-up call that helped Latasha see the importance of having a back-up plan
  • The financial legacy Walter and Latasha wants to leave for their children
  • Walter and Latasha’s plans for the future
  • Finding opportunities to pay for your goals while paying off your debt at the same time
  • Dealing with emergencies and new bills on your debt freedom journey
  • Why your debt-free journey affects more than you

 

RESOURCES

Direct download: FINAL20Walter20and20Latasha20Samuel20Episode.mp3
Category:general -- posted at: 12:00pm CDT

When it comes to commitment in the debt-free journey, there is commitment...and then there is the April Wesley level of commitment.

This is the kind of commitment that led April to do whatever it took to kick debt out of her life. Whether that was selling her car and riding the bus until she could afford to buy one, adopting a zero-based budget and not going over that budget even if she only had $3.00 left for food that week.

In this episode of the His & Her Money Show, you will hear about the incredible “getting out of debt” story of April Wesley. 

 

WHAT YOU WILL LEARN IN THIS EPISODE

  • The life-altering moment that made April become a debt fighter
  • The important resource April turned to feed her new debt-free financial mindset (Hint: You’re reading about it right now)
  • The first steps April took to begin her debt-crushing lifestyle
  • Why you need boundaries in your personal finance journey
  • The unique way April built a money mindset while broke
  • The dramatic step that April took that shocked everyone
  • How to sell your car for the highest price...even if you still owe money for it
  • Dealing with criticism on your debt-free journey
  • Why April decided to sell her home (for a good profit) to knock thousands of dollars in debt

 

RESOURCES

Direct download: FINAL20April20Wesley20Episode.mp3
Category:general -- posted at: 6:30am CDT

In this episode, Bart and Felicia talk about the process of going from having hundreds of thousands of dollars in debt to a debt-free lifestyle that is creating an entirely new reality for the financial future of their family. 

 

WHAT YOU WILL LEARN IN THIS EPISODE

  • The importance of having an accountability partner in your debt-free journey
  • How to deal with the fear of a budget
  • How to deal with the fear of facing your debt
  • The strategy Bart and Felicia used to knock out $35,000 in debt in just 6 months
  • How Bart and Felicia tackled a $100,000+ mortgage
  • Why you need to have fun while you’re cutting your debt
  • How Bart and Felicia dealt with social pressure to remain financially disciplined
  • Telling your family and friends about your debt-free journey
  • Felicia’s and Bart’s next ambitious goals
  • The impact Felicia’s and Bart’s financial decisions will have on the financial future of their kids

 

RESOURCES

Direct download: Final_Edit_Bart_and_Felecia_Episode.mp3
Category:general -- posted at: 6:30am CDT

Jason and Desiree are another couple in the middle of their debt journey, but their story (like everyone else’s) is unique. 

In their situation, Desiree and Jason are tackling student loans and mortgage along with medical bills, credit card debt, and more. Despite all of this, they have tackled the medical bills, car loans, credit cards, and have an eye on knocking out the rest.

 

WHAT YOU WILL LEARN 

  • How Jason and Desiree finally committed to a debt-free journey after trying inconsistently for years
  • How to balance saving and spending
  • Budgeting strategies to balance budgeting and saving
  • The hardest part of being in the middle of a debt-free journey
  • How to deal with haters and naysayers (and people who just don’t know) on your debt journey
  • How do you adjust your debt when emergencies (like a new baby) happen?
  • Keeping your partner accountable during your debt-free journey
  • How to avoid arguments with your partner when you have different spending happens

 

RESOURCES MENTIONED

Direct download: FINAL20Jason20and20Desiree20Episode.mp3
Category:general -- posted at: 6:30am CDT

On today’s episode of The His & Her Money Show, we talk with Lawrence Gonzalez about building a comprehensive wealth that builds a new family legacy.

In the pursuit of a good career, Lawrence’s net worth was a negative six figures. With hard work and plan that started with an embarrassing credit card moment in the store, Lawrence is pulling himself out of debt and has a positive, 6-figure net worth.

On top of that, Lawrence is using the lessons and experiences from his childhood to maximize every cent of his money through a variety of tools including Health Savings Accounts (HSAs), 401Ks, rental income, house hacking, and more. 

 

WHAT YOU WILL LEARN

  • How Lawrence moved from a net worth of NEGATIVE six figures to a POSITIVE six figures
  • The wake-up call moment that pushed Lawrence to take ownership of his money
  • The sneaky little financial habits that were destroying Lawrence’s money goals
  • The steps Lawrence took to start taking ownership of his money
  • How Lawrence ended up moving from an estimated $20,000+ salary to $64,000 in a year
  • The importance of mindset when you’re making financial moves for the better
  • The lessons and experience Lawrence used to help him today
  • Why personal finance should be about YOUR personal finances
  • What is a “Net-Max” plan?
  • Why we should prioritize our money to fit our definition of happiness
  • Finding ways to increase savings with the money you already have
  • How Lawrence is using rental income to fund his mother’s retirement  and change his family legacy
  • Lawrence’s secret strategy for real estate investment
  • The triple tax advantages of HSA’s

 

RESOURCES MENTIONED

 

Today’s show is sponsored by Legal and General America. Legal & General America makes understanding and applying for life insurance easy. Also, agents are standing by to help you determine the best coverage to fit your family’s needs.

Visit  HisandHerMoney.com/lgapodcast to get started on your journey toward financial wellness.

Direct download: FINAL20Lawrence20Gonzalez20Episode.mp3
Category:general -- posted at: 6:30am CDT

In this episode of the His and Her Money Show, we talk with Marcia about her debt-free journey. We’ll cover how faith sparked Marcia’s drive to get rid of her debt, how she stayed on track, and what she is doing now as a person free of debt.

 

WHAT YOU WILL LEARN 

  • How faith pushed Marcia Armstrong to finally take care of her debt
  • The tools and resources Marcia you used to start getting out of debt...and remain out of debt
  • How to increase your income  to help you pay off debt faster
  • How Marcia celebrated that last payment that set her free from debt
  • How Marcia developed a public speaking career from scratch
  • How to stay accountable during your debt-free journey
  • What she is enjoying after becoming debt-free
  • Why Marcia says getting debt-free was bigger than one person

 

RESOURCES MENTIONED

 

Direct download: FINAL20Marcia20Armstrong20Episode.mp3
Category:general -- posted at: 12:00pm CDT

On this episode of His & Her Money, we sit down with Terrence and Erica to discuss how they’ve invested in their financial education to build their portfolio from one, duplex investment to owning multiple real estate, insurance, and property management businesses.

 

WHAT YOU WILL LEARN

  • The difference between sweat equity and check equity
  • How to learn and grow with your business
  • How to increase your real estate investment returns
  • The importance of asking questions
  • Maximizing value in rentals
  • How making mistakes can be an investment in your own education

 

RESOURCES MENTIONED

Direct download: FINAL20Terrence20and20Erica20Episode.mp3
Category:general -- posted at: 6:30am CDT