
Hosted by Matt Miner · EN

In today's show I announce my new name, Work Pants Finance, and say goodbye to Life Meets Money. Please subscribe to the new show, Work Pants Finance wherever you play your podcasts and thanks for joining me on the Life Meets Money journey from June to October 2020. LMM RIP. Onward and upward at WorkPantsFinance.com, the show for MBAs, entrepreneurs, and other professionals who want a financial plan that works as hard as they do!

It's all about entrepreneurship, post-MBA career blues, and seizing the day. Nick Palmisciano, Albert Chou and I share their stories and experiences as serial entrepreneurs and conclude that the most important thing, whatever you want in life, is to start. I almost titled the show "Time Goes By and you Can't Get it Back" but "Marketing that Doesn't Suck" was too tempting. Learn more about Nick and Albert's business at https://dieseljackmedia.com

Today's show features imaginary clients Mike and Jennifer Murray. Mike is a consulting engagement manager with a big-four accounting firm earning $250,000 per year. His wife homeschools their three children ages 10, 8, and 6. They own a $600,000 home in a leafy Atlanta suburb and we're going to make sure they've taken the necessary steps to protect themselves in the event something terrible happens. This episode is not about insuring your iPhone or cordless drill. It's about protecting what you can't afford to lose: A lifetime of income, a big judgment entered against you in a liability matter, the replacement value of your home and personal property, and the massive contribution any spouse – even a non-working spouse – makes to the family's financial life. For more information, visit the show notes at https://www.lifemeetsmoney.com/21

Today's show expands on our risk management discussion as we dip a toe in the water of physical preparedness. Whether you wear a tinfoil hat is up to you, but everyone can learn the lessons of Covid-19 and the Great Toilet Paper Crisis of 2020. We discuss disaster preparedness planning, Joshua's career in podcasting where he reminds us you miss 100% of the shots you don't take. We recommend coupling risk-taking with good planning. We address the role of independent media as a communication and marketing tool and the importance of niching down. Lastly, Joshua discusses the role good advisors can have in your life – cutting years off your learning curve on almost any topic. Joshua calls financial advisors the link between your dreams and where you are today. Sweet! Enjoy Part 2 of my conversation with Joshua Sheats! For more information, visit the show notes at https://www.lifemeetsmoney.com/20

Today's interview with Joshua Sheats is loaded with life and money wisdom focused on the broad topic of Risk Management. We begin our conversation with the seven stages of financial independence, Stage 0 – Total Financial Dependence, Stage 1 – Financial Solvency, Stage 2 – Financial Stability, Stage 3 – Debt Freedom, Stage 4 – Financial Security, Stage 5 – Financial Independence, Stage 6 – Financial Freedom, and Stage 7 – Financial Abundance. Disability and other types of Insurance, which occupy a bunch of time in this episode, come into the picture as you reach financial stability – current on today's obligations, with a plan to take care of tomorrow's! Disability Income insurance may be the most important insurance you need to own. Despite this fact, it's one of the least owned, least understood, least paid attention to types of insurance, because people underestimate the value of their income and underrate how much better their life is when they're properly insured for disability. Besides insurance, we address emergency funds, including credit cards and currency - $100 bills, y'all. Sit back, relax, and enjoy the conversation! For more information, visit the show notes at https://www.lifemeetsmoney.com/19

J. Money lets it all hang out as we discuss his career to date participating in and serving the personal finance blogging industry. J.'ll shoot you straight on managing creative tasks like blogging - cadence and consistency, mixed with stubbornness, trump inspiration every time. We discuss ideas and business that failed, as well as J.'s decision to quit his successful M.O.N.E.Y. Podcast collaboration with Paula Pant. His recommendation is straightforward and a longtime habit of my own: J. tracks his net worth manually, on a monthly basis. For more information, go to https://www.lifemeetsmoney.com/18

Benefits planning offers real tax savings to employees who are thoughtful about this important part of their financial plan. It's kinda dry, and you have to interface with HR, but the payoff is totally worth it. Today's show covers employer-provided retirement plans, including pre-tax and Roth contributions, Health Savings Accounts and QHDHP (Qualified High Deductible Health Plan) insurance offerings, along with the childcare tax credit and the DCFSA (Dependent Care FSA). For more details, go to https://lifemeetsmoney.com/17

On the same page with your spouse when it comes to money? Elle Martinez of Couple Money discusses how she and her husband made progress toward that goal, even though – and you'll find this shocking - they turned up in the marriage with their own personalities and different money histories. We discuss money dates and paying a price to win. For more information, visit the show notes at https://www.lifemeetsmoney.com/16

Unpacking the theme of mentorship by connecting knowledge with skill, mentorship, and sponsorship in a model for career and business success. I also share a quick scan of the massive quantity of excellent books I read in August 2020. For more information, visit the show notes at https://www.lifemeetsmoney.com/15

We all suffer tragedy and setbacks. How we respond to difficulties is a defining part of what we accomplish in life. In today's show Brian discusses the founding of RestoraPet, the death of his co-founder Kenny Kramm, and the importance of excellent mentors. For more, go to https://www.lifemeetsmoney.com/14