everyone has their own unique views and needs when it comes to financial success if you'd like to leave your financial woes behind and live a life of Financial Freedom you've come to the right place Welcome To Die saving with Steve show hosted by Steve Sexton the show will help you with the ins-and-outs of money we talked about financial issues that could be costing you thousands of dollars and keeping you up at night we talked about money tax reduction saving more spending less 401K risk management retirement and everything under the sun that relates to you having a healthier happy relationship with money now here is your host of saving with Steve Steve Sexton hello welcome to the saving with Steve show where we talked about the ins-and-outs of money for everything you having a happier healthy relationship with money again I want to thank you for joining us we got hundreds of thousands listeners across the United States were expanding overseas with a between 56 countries that we just<br> rebuilding and I just want to thank you for sharing this with your friends and family about ways to optimize your<br> but first we have Chris class Chris class is the number one travel Guru he's got empowering inside secrets to stay plugged r e travel Leisure for pennies on the dollar bringing families together memories last forever you just going to look forward to this cuz when I first had Chris on almost died a year ago he gave us some tips and quite frankly those chips led to big gigantic savings my son graduated from college in San Luis Obispo we were scouring trying to find a hotel and all that kind of stuff for a week for family and so on Chris gave us is one chip and this one chip let us do one of the top hotels in the area we actually rented out a timeshare from somebody had a timeshare at that hotel and we actually did it for about $350 for 7 days which was real interesting because it runs at $400 a night so we got it for next<br> nothing we had all the guests amenities all the Wi-Fi everything that went with the hotel it was wonderful we've also done other things and I'm going to let Chris go into that I'm just saying I'm really excited about this cuz you're going to get a lot out of it so get out your pants cuz you don't want to miss it so with that I would like to introduce you to Chris class Chris thank you so much for doing in the show here will thank Steve's a pleasure to be with you again especially in this economy the topic of travel and Leisure and how to save money is just relevant it's Unique and we're all thinking about it you know you're the financial Guru to financial advisor and obviously with inflation of 40% pie gas prices the stock market get out 401K Roth IRAs annuities going down 20 or 25% this year people really want to save money to looking for ways to still live their life and I luxury matter with their families and their friends that would again the pandemic shut<br> travel and Leisure hotels for an open Airlines masking you couldn't get slice and everything now with the vaccinations the therapeutic people are starting to travel again it's called Revenge travel they've been cooped up arancini and now they want to go back in that family vacation the reunions the wedding's excetera going to association meeting but the problem still arises because of inflation and everything else people are scared of their Investments are going down and I try to solve the problem kind of make that afore I've been doing this for almost 20 years and I'm pretty unique it's it's in my bloodstream how to save money I interview people all over the world concierge's Hotel executive travel people Taurus people wherever I go I I subscribed about twenty blocks and it's become a drug to me really you don't have to be rich to deliver it should I<br> I think your audience agrees I always start off asking the question I think we'd all agree that the best things in life aren't the material things what are they they're your health your mental and physical health your family or close friends hopefully your face and those precious memories and experiences we all have in a lot of those memories and experiences do come from travel and Leisure vacation reunions Thanksgiving holidays Spring Breaks Etc and after all that again I think your audience would agree that we travel not to escape life but for have life not to escape us and I get in this down economy and the questionable future and what's going on people really need to save money or they're looking to save money. Everybody should know upper 1% hell we got the president by now or stuff like coach on Air Force One Joe Biden Hunter Biden paying for checked bags<br> I was out in California couple of weeks ago in La when it's speaking engagement to come my fee of families dining at the Olive Garden I'm saying Terrance firing in that he's they got they got to get to know the names of their own kids cuz you know if even the cardassians are losing her ass I came back to Florida by skate kids school lunch program instead of macaroni and cheese and it's macaroni or cheese I go to Costco I see a guy coming out of Costco with one roll of toilet paper I mean it's just happening all over so people are focused on you know their income how to save money you provide the investment advice they need for their they're obviously it's a changing world out there for their portfolios you provide a valuable service and my expertise comes from 18 years travel and Leisure how to do it economically without breaking the bank cuz we've been cooped up we need this everybody needs to retreat relax renew rejoice and remember<br> for a lifetime so let's get right into the tips now the two biggest aspects of travel is airfare and accommodations so is he that's probably 90% of your travel budget for a typical family vacation in for free or 18 you when I say free I just pay you like 5 or 10 bucks if life or text the last 18 years so how do I do it a big tip the number one tip I could give it's called travel hockey and everybody knows about red cards points except for a little confused so I'll let me try to clarify every major airline is associated with a bank has their own Airlines credit card and they have sign-up bonuses where you can sign up for their credit card and spend most of them two to $5,000 over a three-month period and get 50 60 70 Thousand Miles rinsed and stealth is sponsored by American Express<br> JetBlue swith Capital Bank I fly American a lot there with Barclays Bank and Capital Bank and United Credit Card even crossed Airlines people in your area that want to go to Hawaii got a Hawaiian Airlines Aloha Airlines they all have credit cards in the ideas of piggy Airline of your choice is going to get your to your desired destinations and research the credit card sign-up bonuses if you leverage this now with yourself your spouse and maybe you're grown children excetera the miles am inside secrets that I know I provide the inside Secrets there's a credit card out there now it's American Airlines where all you have to do is make one purchase a pack of gum a cup of coffee go up your gas tank and you're going to get 60,000 American Airlines aadvantage miles that's the equivalent of $1,500 gift certificate with America and with these<br> cards most of them have loyalty you're going to get free baggage check in for your entire traveling party so if you're replying down to Disney World of her while you're not paying for baggage check in additional late you're going to get priority boarding so it's that means is that the first class business class if you were writing and coats you have a coach ticket you'll board the plane so you won't have to fight for the overhead compartment space so do your audience I recommended they research I'll provide my number I do a little coaching Consulting professionals speaking all Airlines even a low cross once had their own credit card and obviously with the credit cards you pay the balance as you knows a financial advisor if you never pay interest and with interest rates I think they're brought up another three-quarters of a point yesterday with the feds so you're talkin 22% you don't put charges on a credit card if you can't pay off at the end of the month but this is the way you fly free<br> do you have a business a lot of your audiences are you would buy small business owners Etc if they have a business they could get a credit card in a business name put it expenses on that credit card to meet the minimum so they could leverage with their self their spouse or business and it all adds up and you're around your wind up with two or $200,000 airline miles and it be able to fly anywhere in the world for free and for instance here's another tip for Southwest Airlines there with Chase Bank Chris hold on one second we're going to have to take a break everybody sick with this Chris is going to get the secrets without Southwest Airlines so stick with this will be right back more expert advice for having a happier relationship with money still to come on the saving with Steve show<br> don't let your financial woes keep you up at night and prevents you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where did he talk about the ins-and-outs of money those financial issues that could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune in to the saving with Steve show join me Steve section of the saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton hey welcome back to the show where we talked about the ins-and-outs of money I just want to make sure you all know that replays are available at standing with Steve. You as if you're enjoying the stories of helpful information and insights on saving the Steve then I encourage you to subscribe to your YouTube channel Google play Spotify and never misses show you can always check out our Affiliates of UK Health radio CBS radio talk radio New York City 87247 thanks to our affiliate all these networks are dedicated to empowering you to live a life of spiritual and Financial Freedom now it's at we've got Chris class but one last thing you want to go to the stadium with Steve. Us website because if you go to the resource page you're going to get some special information that we're to be able to provide you that we got Coast Christian is going to provide for us and you're going to be able to get that to take<br> do some more money on travel so you definitely want to go to the website there again thanks again for being with us today Chris let's talk about Southwest Airlines and how people can get that big bonus if you do ever hear a line has different bonuses and with Southwest Airline that flies a lot of places by the way they don't charge for baggage checking it at one Airline you could check two bags for no charges but they have a ride a business cards and personal parts and if you add up your card so to spending it when I say spending you just plan it like I mentioned to you before I put my car insurance on a credit card to make the minimum spending I put my homeowner's insurance so it adds up and was Southwest if you accumulate about 130,000 they called rapid reward points or loyalty points not only do you fly free using those points you can name a companion the fly free so if you time it right again with Southwest Airline you could fly all over the country<br> with a companion for free I had a client that he said he wanted to take his son 25 baseball parks in the summer he had his son and he just wanted to go to wall around the country and the baseball going to see different teams in and I I've turned them on to the Southwest credit card Companion Pass in the sign-up bonuses and he had a business and he want to get business cards and personal cards and he had accumulated enough mileage to get a hundred thirty thousand points and then he got his son to fly for free so it can be done there specialist out there to just handle this I won't take up your audience is time now but I'll get my information if they want to contact me but every airline has a credit card and the ideas you can't do get a 5 or 10 but she was the one but I'll get you to your destination again I'm repeating myself but I fly a lot to I used to have a vacation home in Lake Tahoe now I live in Florida on beach area and I still on<br> so those are the two major destination but I know American airline has the best connection so obviously I utilize the American Airlines credit card so you also go to New York A Lot 27 x conductor to go to Broadway shows I know Delta JetBlue fly non-stop so I obviously have their credit card so plan this out and again just another tip using a mi there like cash you got to check just like you would pay for their lines different times of the year there's more miles you have to use frequent flyer currency so to speak so if you could stay away from the holidays the Christmas the Thanksgiving the New Year's is spring break so you're going to stay the heck of a lot of miles and the same thing goes let's just try you know transition now the other big expense Bravo that's after you get there. Can I have some Christian real quick about Southwest and my wife referred my daughter<br> I heard my son they got 50,000 points we got 50,000 points I set up one of the business card and got another hundred thousand points and I set up another business card for my wife got a hundred thousand and yeah I still put stuff on there but the reality is now my daughter can fly back and forth between college and it doesn't cost as you said this is just so easy to do as long as you understand what's going on and I want to thank you again for giving me that tipped Chris is not an easy but you have to plan this like anything else I'm not lying when I say I travel for pennies on the dollar I fly for free and I'm not marry for a flight attendant you just have to plan this out through a little research you need a mentor coach like you're a Financial Consultant people go to somebody that's an expert in the field to plan their their retirement or long-term care their Investments excetera because the market change they go to you people come to me to service their dreams as far as<br> travel Leisure show him how to do it in luxury now safely at the lowest possible cost so if it can be done a lot of times you do need to do a little research or have of like myself where is the number one travel through a travel coach and to find out these things but let's transition out of other big expense obviously after you get to your desired location whether it's a y Disney World skiing Aruba what it wherever it is Las Vegas New York Europe is accommodations we talked about credit cards there are Hotel credit cards out there again sign with American it's just Chase Bank take a loyalty program the two big ones or the envoy what used to be Marriott rewards and then you got Hilton if you get their credit card sign-up bonuses usually get a hundred and twenty five thousand points that could be used for hotel stays when you renew the credit card you get a free night that's probably worth<br> $300 put your spending on a hotel credit card and again you're not paying for hotel charges and they upgrade you went to loyalty on the top of the chain for instance with Marriott every time I check into a Marriott Ritz-Carlton Courtyard I get upgraded to a suite and you also get late check-out time so I check out at 43 practices when I go to New York I'm in the hotels are on a Concierge Lounge with free breakfast free happy hours Etc you get treated like loyalty so figure out what hotel chain you want to be a part of I'm just using my real example. They're called on going out on a reward points Hilton has their points Hyatt has their own program which hotel chain you use for your personal use and business use and that's how you stay at hotels for free but the big thing now is my big tip number one tip that people are utilize you've already utilize it when you're going on that typical damn leave a k<br> the seven Knight vacation to tourist destinations the Resort's everybody thinks hotels Resorts especially if they have a family they got to get two rooms sweet and it's a lot of money I don't care if you're going to New York Disney World you're going to Hawaii what are you going to Maui Hawaii Colina Etc it cost a lot of money so here's some alternative forget the word Hotel I tell my audience when I'm speaking about on Sage alternative forget the word Hotel why because Marriott Hilton Weston Disney Starwood Wyndham even holiday yet they all are hotels we've stayed there they're all over the world besides hotels and resorts they all have vacation club or time-share products all these timeshares are located in key tourist destinations all over y Las Vegas Orlando I mention myself on a ski or iced tea in Lake Tahoe Park City now<br> you could rent from an owner not from the hotel chain you go on the internet on tip redweek.com redweek, list all these Resorts by area where owners are trying to rent out their timeshare a lot of them are older they can't travel because of illness or something and you could rent out there timeshares really just paid her Bateman's charged and for this you're going to get Triple this space triple the amenities for a third the price of a hotel room and I use myself as an example I go to jail every year that they sell hotel room in the ski season I'm a ski bum I admit it goes for anywhere between 8 or $900 + 2,200 a night it goes up to 2,200 and night and that does not include taxes or valet parking at cetera so a nice hotel room but you could go on the red week you don't have to own anything for Marriott a half mile down the road they have a timeshare they call if they can<br> vacation clubs are really timeshares timeshare got a bad name because of the sales practices so it's Marriott Vacation Club Hilton vacation club and you can stay at a one-bedroom unit or two bedroom unit one bedrooms good sleep 6 you're going to get a full kitchen fireplace a balcony washer dryer a clubhouse now with indoor outdoor pools weight room sauna steam room the whole B free Transportation right or meet like me right to the ski slope and you're going to pay the third the price of a hotel room and I'm talking about two to three hundred at night no tax free Wi-Fi you can do this and you could do it whether you're going skiing like me you go to Hawaii you don't have to pay for the Luxury Resorts you rent a timeshare our vacation plug from an owner and besides all the hotel chains I mentioned Marriott Hilton Disney star with excetra there's a lot of independent timeshares all over Stiles<br> stop and if you go on the internet a lot of them are really inexpensive and I I sort of wreck that Meandering his post covid things stick with the hotel change cuz they're managed by hotels you know you're going to get the sanitization standards you're going to get full Resort amenities by myself for instance live here in Florida I had a beautiful Golf Resort I was like I said I got one heck of a backyard for golf courses 23 tennis court Spa Etc but I go 10 miles away to my Marriott timeshare where I own and it's a full Resort I'll probably stay there the equivalent of a month a year my son comes down and you're getting a beautiful ocean view room again full kitchen washer dryer Wi-Fi two or three flat screen TVs in all the activities and you're going to pay less than Motel 6 rates so your your audience should realize is another accommodations Choice think about it at weekly family vacation<br> a timeshare Vacation Club from an owner on that website 20 seconds left if somebody wants to get a hold of you how did it go about doing it yeah well for your audience Steve I would say give me a call directly I'll take their calls and give me a 15-minute consultation Point him in the right direction excetera I do speaking engagements that they have an association trade group or I think this type of information would be valuable like spend on this obviously had to rent a car and everything else really to say b e 95% travel course call me at this number this is my home cell number be glad to take their call and point him in the right direction it's 561-386-2986 I repeat 561-386-2986 just so you saw me on Steve show on the Travel coach and also if they want a free ebook I have a freebie<br> Dyson 299 travel tips without skipping by email my Corporate email is Lifetime Leisure that's one word at BellSouth. That just send me an email so you want the book lose your email and I'll send it out to you it's in April so you could download it with 99 travel tips but the best thing to do is give me a call I'm giving you that consultation for free really if you have a crew you're part of an association of a breakout session speaker I'm also a comedian to give this valuable information really how we could bring families together so they're memories last forever in the travel industry for just pennies on the dollar Chris our time is up I want to thank you for being with us today and sharing this because I know our guests are our listeners interviewers are very very excited to get this information and by the way we're going to put your 99 chips up on a resource page as well as your information so people can give you a call get in contact with you<br> and learn a whole lot more and I think it's wonderful you're giving them free 15 minutes of your time and I think that's beautiful says thank you for being with us today everybody now again I'm repeat myself especially in a bar more stress in this country families friends we all need that to get away for corporate Wellness excessive Retreat us that we treat relax renew rejoice and remember for a lifetime we could do that through travel and Leisure thanks for being with us today we'll see you next time Chris all right thank you Steve will be right back more expert advice for having a happier relationship with money still to come I'm not saving with Steve show<br> don't let your financial woes keep you up at night and prevent you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where to be talking about the in an ounce of money those financial issues that could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune into the saving with Steve show join me Steve sex and out of saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton<br> hey welcome back to the same thing with Steve show where we talked about the ins-and-outs of money for everything in the center of you having a happy healthy relationship with money I want to reward you for joining us here today by just giving you some good tips ways to optimize your 401k if your employer offers a 401k match take it day if you're in the market for a new job prayer ties the potential employer that offers of 401k in the matching program keep a 9 most companies you need to be fully vested in the 401K to keep the employer match but it means you should stay a couple years maybe five years and we fully vested every company has a different 401K so make sure you know what you're getting into before you do it which means read the benefit package I want to say is you know what my fun son just graduated from college he went to work for this one company and you know what the realities actually matches 6% of whatever you contribute that's beautiful thing about that if he's contributing 6% of his wages which is $6,000 a year in<br> can only contribute $20,000 now that means 26 so instead of taking 5 years to contribute $100,000 if you can do it before and in an environment right now where the market is down to buy more shares with me these dollar cost averaging and you know what when it comes to saving for retirement it's an accumulation sport the more you can accumulate the better you're going to be the only time that dollar cost averaging doesn't work for you and just focusing on growth is when you're a few years away from retirement or in retirement you know it don't accept a default savings rate when you sign up for your company's 401k plan the default saving rate is using 3% of your paycheck getting allocated to your 401 k so that's the new default that we have here in the United States they want to contribute 3% okay great for many people probably not enough okay the goal is to save 1% every year until you get to the allocation of 20% so think about this if you're only able to conceive it three or four hundred dollars a month I'm like every chance you get increase<br> by 1% increase it by 1% increase it by 1% until you hit the maximum that way you'll get to the point where you contribute the maximum amount and if you've already hit the maximum amount use your assets to make sure your bills are the lower depths lower the holeshot next maximize your tax break your 401k that allows you to defer pay income tax on the money you saved in 2022 you contribute $20,500 a 40K jewelry 50 + 27,000 that's a lot of money to put away so you want to make sure you go about doing that and the other thing is don't cash out early if you would early from your 401k or IRA that means before 59 and a half your subject to a 10% Burley withdrawal penalty and on top of that on yours while you're going to have to pay interest okay so it's really important. Jensen to that it makes a big difference the next thing is look at MIT wasted minimize fees when in the 401K that your 401k has mutual funds all those Mutual<br> they have fees they have in a 12 V 1 fees they have fees for the fund manager all sorts of those things you should look through the investment okay 1% fee over 30 year. Of time to toss you a hundred and $44,000 in your savings do you want to make sure when you got something that's going to perform into you want to make sure it has the lowest fees the better you understand that the more money we'll save the quicker you'll save to the point where you can have an option to work now again I want to thank you all for joining us here on saving was Steve where we talked about the ins-and-outs of money you know hopefully you'll stay safe and healthy and we'll look forward to seeing you next week right here on saving with C5 I thank you for joining us for the saving with Steve show hosted by Steve Sexton to learn more about the show and how to become a guest or sponsor visit saving with Steve. Us that's saving with Steve. Us join us again<br> as we continue to talk about everything under the sun that relates to you having a healthier happier relationship with money this has been the saving with Steve show hosted by Steve Sexton<br> everyone has their own unique views and needs when it comes to financial success if you'd like to leave your financial woes behind and live a life of Financial Freedom you've come to the right place welcome to the saving with Steve show hosted by Steve Sexton the show will help you with the ins-and-outs of money we talked about financial issues that could be costing you thousands of dollars and keeping you up at night we talked about money tax reduction saving more spending less 401K risk management retirement and everything under the sun that relates to you having a healthier happy relationship with money now here is your host of saving with Steve Steve Sexton welcome to the same thing with Steve show when we talked about the ins-and-outs of money pretty much everything under the sun release of you having a happier healthy relationship with money my name is Steve sex and I want to thank you for joining us today I want to thank you for sharing with your friends or family or so she has not only here but overseas were very great for audience<br> used to grow and big topic today with all that's going on economically we got inflation increased unemployment interest rate increases were starting to see that the systemic Bank in season were more and more people are beginning to see how the credit crunch is going to hit them on a individual level and hate the recession is here it's taking hold but don't worry we have Dana Miranda here to talk about how to take the stress out of money management that's a good internet and it don't worry they never end but let's talk a little bit about Dana for those of you who don't know Dana Miranda she's a certified educator in personal finance she's an author and a personal finance journalist she's the founder of healthy rates of platforms for inclusive<br> free financial education where she works with organization schools companies dedicated to making money better for folks who are often left out of the conversation about money do one of the cool things about this is people didn't pay no attention to Dana all over the place because she has been a financial contributor or money for Forbes inside or culture studied our time CNBC Motley Fool nextadvisor USA Inc magazine and other so we're really happy that Dan is here but again I just want to say thank you for being here and welcome welcome welcome thank you for having me I always like to ask the straight out of the gate what got you on this path you know what your story is it wasn't superlinear when I got into personal finance I didn't think that I would be interested in it at all I was a freelance writer just trying to get by trying to figure out what I was sort of focus on what my strengths work and I got an opportunity for a job as a staff writer for a personal finance media startup and I wanted to work with the staff and wanted a full-time job<br> but I thought personal finance would be boring then I thought I'll get into it I'll give it at least a year and see how it goes and I got into it and ended up loving it I love writing about personal finance I knew really nothing about sort of financial products in our financial systems in the economy when I started and I was able to learn and kind of get a masterclass in all of that as a journalist through writing about it and I love that I know kind of developed my expertise as I was doing it and also develop that kind of passion for teaching others the things that I was learning because it's so much that we're just not hot generally and so I did that job full time for 4 years and then I was a freelance writer in the space for about two and a half years and I noticed that all of the sites that I was writing for we're sort of sharing the same advice and the same information and I thought there was a lot of nuance missing we were hearing from a lot of the same kinds of voices that are dominant in our culture in general and really missing<br> voices from women and people of color LGBT people are people with disabilities and people from like a world background where I grew up and so I wanted to make a space to invite a place for those people to talk about their relationship with money and sort of show was what we were missing in the face so it was education for myself and also just a place to amplify those voices so I created healthy rich with that in mind started as the idea of building a media company so I started as a Blog but this year I'm actually moving in the direction of Education and Training we still share stories on the blog to connect with people and build a community and as a business I work with organizations as a consultant and to offer training and resources to help schools and organizations incorporate personal finance education sounds like it's been a long journey for you there's a lot to chew on in this space so there's always something new to learn and explore<br> how we can be stress when it comes to money management just kind of shed what most people you know what I have a very good idea of what most people are but I'd love for your perspective on it cuz sometimes when it's not my perspective you reach more people cuz they heard me before you know what I've also done a lot of those things on the news and it was really interesting what you said because I remember doing a report a few years back on my local TV station here not too far away in San Diego California and I went to this topic and they thought it was a great thing and the next thing I know I'm seeing Channel 4 News at night the same thing and then my words so like what's going on but then you realize he's sometimes the stories get pushed along and you know I'm happy that somebody used one of my thoughts to to push the story along a little bit more so that's kind of cool but let's talk about how people can be stressed when it comes the money management is especially in times like these yeah I think you touched on some really good points all of those sort of scary economic things that<br> happening around us there's always something happening and sometimes the news media is amplifying it at sometimes politics are amplifying it and sometimes they're not they're down playing it so but where was under lies so much of that is that most of us really don't know a lot about how any of it works we don't know a lot about what's really going on with the economy what inflation really means what recession really mean and then got two more micro-level we also don't understand a whole lot about how our financial systems work at how they impact our lives are the products that we use and services that we used we all can just kind of get pushed into them because we're told that those are the right steps to take but don't really understand how they work and so makes it really difficult and stressful to make decisions within that environment about you know what is the right job to take if there's a recession looming and how is that going to impact my life if I make it change right now or should I take out debt right now should I take<br> the mortgage and buy a new house right now like when you're trying to make those decisions without understanding how any of these systems actually work that to be that's a really stressful place to work from and so I always start with because I'm a financial educator or that's or maybe I'm a financial educator because of this I always start with that kind of base of knowledge I think it's really important that we have Converse more conversations about how our economy works and how are Financial systems and services and products work so that people can make informed decisions about how to use in their life and for me with getting that experience in and having the privilege of getting that Master Class as a financial journalist I took a lot of stress out of my life part of that was getting that full-time job that I was that it was happy to have but I was still working you know dealing with a lot of debt at the time I was still unable to get a credit card and had a low credit score<br> I was a renter and see you still dealing with money management issues but gaining that understanding about having a better understanding about how all of this really worked and and would impact my life made it a lot less stressful to make those decisions are the more education you have the more confidence you have the better consumer you are especially when it comes to your money and with all that's going on right now and I just look at it as like money can out of mass after the next because everything has a Nintendo console hasn't a consequence a lot of people don't understand what's going on or sticking their head in the sand they're going to get hurt worse in Dave and realized so but the other part is I have you found this with my kids once they got control and understood how things affect a thing like that a lot easier in a lot more stressful do you have a daughter who we've enslaved Shirley pulling back the save the money from and she still going through college and all that stuff and she had to figure out how to make your<br> master your work for herself and she had to work and budget and everything and you know what there was going to be a period of time when she wasn't going to have any income what are shavings working to figure it all out but when she figured it out she knows exactly what she said when she can spend it and all that kind of stuff does stress level and her is just gone way down cuz now she knows how to control it so I think that's really cool that kind of leads me to one of the first question what's a culture and what does it mean for the way we manage money cuz that's the one of the biggest budget culture is the term that I used to describe the kind of prevailing Paradigm for how we approach the way we talk about money in the way that we teach money in our culture which impacts like our relationships with money and how we manage money and it's like liking it to diet culture which a lot of people are more familiar with with the idea that we approached money kind of first from this place of restriction and discipline that tends to be sort of the first answer we go to so if with budgeting specifically if we're struggling with money in<br> wait like I miss someone has a lot of debt and is feeling that restricted or not earning enough money and having trouble paying bills or something like that that the first place that a lot of financial advice going to send you is to find where to restrict your spending so make a budget cut the amount of money that you're spending and that's not always the right answer for everyone but it's kind of an easy answer to go because it's very easy to sort of then push the responsibility and the blame on the individual and it doesn't look at those other nuances like I was talking about that I see missing a lot in personal finance advice and education and media that money is really intersects with so many parts of your life so we can't ignore the systemic issues that that create any qualities and make it harder for some people to make certain money moves that have access to financial products and services and to have access to money and equal pay in general that's a really important base that we have<br> look at a time for person Financial circumstances before recommending something like this make a budget or get out of debt but there are also other a lot of other pieces to our relationship with money that typical Financial advice often ignores so there's your history and relationship with money how you were brought up I mentioned I believe I mentioned that I grew up in a working-class environment before I came into the personal finance space and I don't see that address a lot I see a lot of information and the voices tend to be coming from a middle-class perspective and that's a really different experience whether it's about the amount of money I have or just the relationship in the way that I approach money and so you have to sort of advise people differently and people need just like in any relationship you have your relationship with money has to include that sort of. Ekstrom of the things that are going on in your life it it's not really practical to just take an economic looking and assume that people can work through it<br> mathematically and just work from a spreadsheet because humans don't really work that way and so budget culture as a way of approaching money I kind of sort of silos the finances and assumes that we can just take that optimal mathematical approach to money and leave out all of those other nuances and so I propose that we bring back in the other nuances that's why healthy red as a platform starts with storytelling so that we can get a better understanding starting from that place of your relationship with money and how it is related to your whole personhood and not just a set of rules that are meant to be one-size-fits-all everybody we're going to take a quick break we'll be right back and we're going to have more more expert advice for having a happier relationship with money still to come on the saving with Steve show<br> don't let your financial woes keep you up at night and prevents you from living a life of Financial and personal freedom hi I'm Steve Sexton post of the saving with Steve show where did he talk about the in an ounce of money those financial issues it could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune in to the saving with Steve show join me Steve section of the saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton a little welcome back to the saving with Steve share we talked about the ins-and-outs of money pretty much everything is done or do you have a healthy relationship now thank you for tuning in appreciate you for letting your friends & Family Associates know about the show again all the replays are available at ww.w saving with steamed about you as if you're enjoying the stories of helpful information inside of a stainless steel and encourage you to Skype to your YouTube channel so you never missed a show and check out a few of our Affiliates at UK helping BBS radio talk radio New York City e360 TV all these networks are dedicated to empowering you to solve problems uplift your spirit and live a life of personal and Financial Freedom help you can also follow us on Facebook at saving with Steve Sexton there's an Insider's Club you can take a look at all the background stuff and take a look at Dana drinking coffee and everything just kidding but you know what this a lot of guests<br> back there you can go take a look at those things and you know what to do we have more Dameron and Dana it again thank you for being here I appreciate you sharing what about budget call alter and what that really means a little bit about you know how we currently teach personal finances you know when it comes to you know what that's what's really missing from most money management methods that that's that's one of the things that really got me when was wanting to know what's missing there cuz there's a lot of times whether it's me or somebody else they're talking with somebody and there's a disconnect so how do we reach that disconnect is broadly that new ones that I mentioned that I feel like budget culture does he know kind of leaves out but it closer approach to many management really ignores the Nuance of money at cells of human beings and our experiences in life in general because money management methods budgeting specifically they often start with with a budget really focus on sort of things that you can put in a spreadsheet<br> Square calculator so you anything you can sort of list out spending categories and spending limit you can note the amount of money that you spend somewhere where and where it was spent you could list spending goals and Target date stamps or savings goals Target date for your savings things like that but it's all things that just sort of fit into a neat little box and we know that humans don't really fit into a neat little box you know that from your experience any time you really trying to do that it's never never quite lines out and it's it's hard to reduce your life to something like a spreadsheet and so when you try to do that with a budget that is really what you're doing is reducing all of them taking all that Nuance out of your life because money interacts with every part of your life start with thinking about your relationship with money which is related to a lot of people talk about like a money mindset so thinking about what influences how you think and feel about<br> money I think it's important to start there so I have a ton of kind of questions and problems that you can go through but just start to think about you're like family history your background and upbringing your childhood experiences recent experiences times that you have heard people talking about money and how that might have influenced you how did you hear your parents talk about money growing up and other adults around you how did you hear people on TV and in the media talking about money and then more recently what what kinds of things have impacted your relationship with money when you had to make financial decisions what were the consequences what were the influence as they were taking into consideration it's a lot of kind of psychological things are sort of anything that you do to better kind of get in tune with yourself and understand yourself is a really good way to better understand your relationship has money too and to start to look at those Dynamics more so that when you have to make a financial decision you're starting from that place of understanding instead of searching for some one-size-fits-all rule that is you<br> not a perfect fit for any individual so in other words if you grow up with parents that says okay we'll get it now but we'll figure it out later which might be very dangerous especially for kids understand where you're coming from and then you know what you could take a look at a lot of people who've done that and you could see where they are in the retirement face or still working when maybe you don't want to so we have to change that Nuance absolutely yeah and I think it can sort of go both ways you might have been taught something or you might have seen something and sort of pushed back against that as an adult that was definitely my experience growing up in a working-class and conservative Community we were very much push to focus on work ethic work hard spend very little and avoid that at all costs and that was sort of all I knew about money and then I got into my twenties and just sort of rebelled against that because that level of discipline didn't make sense for how I approach life and so I just assumed that I was going to be someone who is bad with money because there's only given that one model for what it means to be<br> what's my name and was fighting against that just like I was fighting against order the model for a living that I'd learned in general in that environment and so I had to unlearn that and also understand where that was coming from what I was doing and what parts of it were in me and how is that was impacting the decisions that would make it making around money and send them to everybody else that he's just got to recognize on my on my dad or my mom what's it you know when it comes to the most important things people should know about investing what are those huge topic but I really like to boil it down to just a couple of things and the first thing that I like to say really is too often ignore a lot of the advice that you're hearing about investing I'm not an investment adviser and so I'm not telling people like which specific Investments to make funds to pay<br> money into stocks to pick or anything like that but I don't think that in general that most of us should be paying attention to that kind of information anyway that sort of investing is a lot more like gambling and then realize a lot more on luck and a ton of privilege of having money to lose essentially in order to take the kinds of risks I can get the big wins that we might hear about in headlines so most for most people if you're going to invest in the stock market experts at this is not something I made up experts in general recommend putting your money into the stable index funds which I don't it's possibly something that you've covered in the past but for anyone who's listening does not familiar and Index Fund is a type of mutual fund which means it has a bunch of company stocks in it rather than picking in supporting just one company and an index fund specifically follows a particular stock index so if you look at something like<br> MP 500 it's going to be invested with weighted Investments that follow what is going on with the S&P 500 companies and so basically you will be able to your investments will just track the performance of the market in general and it's a way to keep some stability and have diversity in your investment rather than sort of trying to go after particular company is because you want to be the person who invested in apple in the eighties and you know it hadn't had that stuff blow up or something those kinds of things are a lot those decisions are a lot harder to make it a lot riskier for the average investor and studies show even professional investment fund managers tend to either do about the same or underperform index funds so the next month I never intend to be the safest and most reliable place for an investment<br> check with you if they're looking for a financial coach somebody to help them best way to follow healthy Richton and keep up with what we're doing is through our newsletter at sub stacks of at healthy rich.com there you can see the stories that I mentioned that we're hearing from contributors and you also see a little bit more about the work I'm doing we have new services in classes if you work with a nonprofit organization or in a school and are interested in are being tasked with being a financial educator or are interested in adding personal finance education I would love to talk to anybody who's doing that so you can find me at at healthywage.com and contact me that way but I always want to connect with people are interested in adding Financial education to whatever work they're doing as well thank you so much for being part of our show today I love it when somebody comes in and just kind of talks about the real truth of what's going on as opposed to the speak<br> so it it makes a big difference and I would encourage everybody to go check out healthy rich and with that I hope you have a wonderful day and we'll look forward to seeing you again thank you so much have a great summer stadium with Steve more expert advice for having a happier relationship with money still to come on the saving with Steve show<br> don't let your financial woes keep you up at night and prevent you from living a life of Financial and personal freedom hi I'm Steve sex and post of the saving with Steve show where to be talking about the in an ounce of money does Financial issues it could be costing me thousands of dollars causing stress keeping you up at night we're going to talk about money tax reduction saving more spending your investment risk management retirement and everything is so sweet with you having a healthier happy relationship with money soon as you've ever dreamed of living a life of Financial and personal freedom you owe it to yourself and your family to tune into the saving with Steve show join me Steve sex and out of saving with Steve show as we talked about everything under the sun when it comes to money to learn more about the show visit saving with Steve. Us that's saving with Steve. Us saving with Steve. Us will see you soon<br> welcome back to the show that is here to help you achieve your financial goals it's the saving with Steve show now here's your host Steve Sexton they welcome back to the saving with you should we talk about the ins-and-outs of money what I'd like to talk to you about today right now is this a scam is one of the things that did happen if you didn't already know is you required to file your taxes by the middle of April it's now the middle of October and which is a wonderful things but it also means tax scams are going to happen throughout the year gay and you know what don't let any of these happened to you okay so let's just walk through I got ten or twelve of them going to go through quickly so you want to make sure you understand it now you might get a call or an e-mail it says we recalculated your tax refund and you need to fill out this form of evil will discuss you show an IRS logo tax refund payment or recalculation every tax refund and ask people to click on the link and provide their social security<br> miss your birthday dress and so on and so far it's okay this is all fake the scammers may also sometimes use an edu address Skate but this is all fake don't fall for it next let us help you sign up for an IRS account setting up an online account with the IRS can get you access to valuable information such as payment history or transaction that transcript you can even sign up for and manage at IRS payment for but if somebody wants to help you do it you don't need to they're going to be asking you for things like your social security number or tax identification number photo IDs other you know Bing to be helpful all this is a scam okay I want to make sure this is very clear that the IRS is an email you they don't call you they don't reach out to you through website K you're going to get a letter from the IRS it says you owe money or do something you know what the next thing is let us fill out our cows we go out for you fixin's of natural disaster can be prime targets for scammers today so it's stupid you know it didn't want to get your hands on their your sensitive information such as Social Security numbers and financial records<br> call you email or even reach out on social media posing as fake Charities were even complained to the IRS agents who can help you find a glass claim you don't want to do that you want to call the IRS Disaster Assistance line at +86-656-256-2274 official information again if your you-know-what had a disaster last call 866-562-5227 some people might be calling saying they're from the FDIC we need your bank information the FBI seized the Federal Deposit Insurance Corporation with bangs They don't ever call anybody they are Regulators they only deal with the banks will never deal with you individually so it's fake you know what we're calling to tell you or Denny's been selling we need you to buy some gift cards to fix it made criminals called you this all the time anytime somebody wants a gift card or cashier's check or anything like that to solve a big problem it's fake a the next one week canceled her social security number it's this game<br> remember this is the Bureau of tax enforcement were putting a leaner levy on your ass at there is no Bureau of tax enforcement victims receive letters from fake agencies claiming they have tax tax levies you know what a better pay up that doesn't exist if you don't call us back you're going to be arrested IRS doesn't arrest you but got your money but they don't rescue the other thing is used to form w-8ben to give us personal information that w-8ben 4 to call the certificate of foreign status of beneficial order of the United States tax withholding form but criminals use it to modify forms for personal information such as mother's maiden name password never PIN numbers all that stuff came out here to see some details about your tax refund intended to trick the reader to clicking on a link to it leads to a fake IRS like website and they can expose the user to malware it you don't want to do that we're from the taxpayers<br> hey it's a legitimate organization that helps people get assistance with IRS problems but it doesn't call taxpayers for any reason they don't email you them call you that on social media if you get something like this unless you've reached out to them first it's a scam like I want to see your tax transcripts this is also scan survey through survey student tax guess what there's no federals do next and never existed you don't need to sign your tax return never even though we prepared it if somebody does not sign your tax return that prepared it's a scam go report them they're called a ghost preparer they just you know they just don't want to they want to charge you fees and everything or to get a split on what they save you but it's all about selling you down the river but you never want to do that because they might save you a whole bunch of money but you're going to get a letter three years later when the IRS figures it out and you're going to be still stuck with the money they're going to be long gone so folks I went through these fast<br> you need to pay attention to these things Listen to It's a couple times again I want to thank you for listening here today on staying even with Steve our goals to get you information that makes you better consumers and you don't look for Tuesday next week stay safe stay healthy and thank you for joining us for the saving with Steve show hosted by Steve Sexton to learn more about the show and how to become a guest or sponsor visit saving with Steve. Us that saving with Steve. Us join us again next time as we continue to talk about everything under the sun that relates to you having a healthier happier relationship with money this has been the saving with Steve show hosted by Steve Sexton<br>