Episode 402: "Ain't Gonna Worry About Money Anymore" with Eric Himmel - a podcast by Amy Perras

from 2022-07-15T22:00:23

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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

Further podcasts by Amy Perras

Website of Amy Perras