Money Plan SOS with Steve Stewart

Money Plan SOS with Steve Stewart

What’s it like to have no debt, no credit cards, and no credit score? It sounds like freakish existence in today’s world, but it’s what this podcast is all about. Steve Stewart hasn’t had a single credit card or consumer debt since 2007. In 2010, he launched the Money Plan SOS podcast to share the knowledge gained while living a credit-free lifestyle. Along the way he learned about the negative effects of building a credit score and eventually found a way to be credit worthy - even without a mortgage! The understanding you will gain from listening to the Money Plan SOS podcast is that you truly can have NO DEBT, NO CREDIT, and have NO PROBLEMS! Listen as I walk you through the thoughts and ideas I had while going from a negative net worth to half a million in liquid assets and a paid-for house. You too can have no debt, no credit, and no problems.... Show More

Episodes

#200: The MoneyPlan SOS podcast is now retired with this final episode. It was recorded LIVE at FinCon15 with nine bloggers who learned about money while blogging about money.

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In this final episode, I interview nine financial bloggers.

They answer the question, "Have you learned anything about money since blogging about money?"

 

Eric Rosenberg (Narrow Bridge Media)

Emily Guy ...

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#199: Is tithing mandatory for Christians? Chris Brown and I discuss this to get to the root of the problem - which has little to do with ten percent.

Chris Brown has been a pastor for several years, speaking to congregations and audiences all over the United States.

Full show notes at https://moneyplansos.com/chris-brown-from-true-stewardship-is-tithing-mandatory-for-christians

He recently became on of Dave Ramsey's Speakers a...

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#198: OG (aka The Other Guy from Stacking Benjamins) joins me to share the 8 Great Mistakes in Investing

Full show notes at https://moneyplansos.com/8-great-mistakes-of-investing-and-fractional-savings-accounts/ 

The 8 Great Mistakes of Investing are:

  • Under-diversification 
  • Over-diversification 
  • Euphoria 
  • Panic 
  • Leverage 
  • Speculating 
  • Investing for yield and not total return 
  • Cost basis dictating decision 
  • Thanks to OG for coming over. Yo...

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    #197: Matt Ham is an author, speaker, and small business owner. Five words uttered by a nurse changed the way he looks at life - and inspired him to redefine rich.

    Full notes with links at https://moneyplansos.com/matt-ham-has-redefined-rich/ 

    Takeaways from this interview:

    It’s not how much you give - it’s how you give it (The Widow’s Mite)

    We shouldn’t feel guilty to spend and, surprisingly enough, we feel richer when we give.

    Wh...

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    #196: Jon Stein from Betterment and I discuss robo-advisors, why Betterment is so different, and what it takes to open an account.

    Use http://SteveStewart.me/Betterment to receive 30 days FEE FREE investing at Betterment

    Full show notes at https://moneyplansos.com/ins-and-outs-of-robo-investing-interview-with-betterments-jon-stein/ 

    _______________________________________ 

    M.J. Cossel wrote in about an article she read in the Dalla...

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    Amy Robles wants to know how my new show will be different? What will make her want to listen?

    I guess I first need to explain why I'm retiring MoneyPlan SOS.

    I also share what is new and exciting about the new show - and you don't want to miss it!

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    #195: Do you know why stories of people with $.32 refund checks are in the news? Because they are so rare! 

    Most people want to get a big tax refund. Getting a huge refund is an extremely inefficient use of money - both for you and for the government.

    I recommend adjusting your withholding so you can bring more money home and put it towards your goals:

  • High-interest rate debt
  • Building up reserves
  • Saving or investing
  • Run a mid-year in...

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    #194: Although he has an entrepreneur’s heart, Ace doesn’t believe anybody should start their own business. It is much easier and profitable to buy an existing business, improve it, and sell it for a profit.

    Full notes at https://moneyplansos.com/ace-says-skip-the-startups-and-buy-a-business/ 

    Ace's book: The Ace Formula: How To Buy A Profitable Business and Live Life On Your Term LIKE A BOSS

    Find Ace athttp://acechapman.com

    ...

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    #193: Many people are being lured by the attractiveness of directing their own retirement plans. The trick is to do it right and have an asset, business, or income-producing entity that makes sense for YOUR retirement planning.

    Kirk Chisholm is a Wealth Manager, Economist, & Principal at IAG. He is also an expert of investing in alternative investments in self-directed IRA / 401k.

    Full notes at https://moneyplansos.com/what-you...

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    #192: Kai and I have something in common: We both left the comfort of a regular paycheck to focus on helping others with their personal finances. 

    In our conversation we discuss:

  • Why Americans allow themselves to become trapped in debt
  • How much responsibility do we place on the education system to teach children and young adults about financial literacy
  • The truth about employers pulling credit scores or credit reports
  • The 5 Dangers of...
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    #191: Heather van der Hoop from ThePennyHoarder.com comes on the show to offer these suggestions for creating an income - and many of them involve stretching your boundaries as a teacher.

    1. Teach English as a Second Language’

    2. Teach Abroad

    3. Sell Your Lesson Plans Online

    4. Work at a Summer Camp

    5. Drive for Uber, Lyft or Sidecar

    6. Rent Out Your Driveway

    7. Rent Extra Space in Your House

    8. Become a Local Tour Guide

     

    Destinat...

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    #190: Jason Hartman only wants mortgage debt - and he will take out as much as he possibly can.

    Full show notes at https://moneyplansos.com/inflation-induced-debt-destruction-with-jason-hartman/ 

    Jason Hartman has been investing since he was 20 years old and learned how inflation is the enemy of home equity but the golden goose of real estate income property owners (my words, not his).

    We first have to understand how inflation pla...

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    #189: Are you a Pessimist or Opportunist? Take this quiz to find out!

    Full notes at https://moneyplansos.com/which-half-glass-investor-are-you/ 

    Topics covered in this episode:

  • Pessimists, Opportunists, and the Half-Glass Investor Quiz   
  • How a GOOD credit score is all you need
  • Ponda from the Honda
  •  

    Cool resource for your email: Wisestamp (support the show by using this link) http://SteveStewart.me/wisestamp

     

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    #188: Leah Bell shares her story of growing $32k in student loan debt - and why it makes her angry!

    Upcoming webinars:

    July 1st: Get more out of your money by Spending Our Values http://MoneyPlanSOS.com/webinars

    June 23rd: Premium Podcast Player Showdown http://stevestewart.me/audacity-workshop-live-webinars/

    In this episode:

    Leah Bell, The Angry Grad, did what she thought everyone does: Goes to college to get a degree. What she di...

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    #187: An informed consumer is a better consumer. This episode will show how Credit Cards make money from processing fees. 

    I also give a few tips for reducing fees and a new way to send a friend money for free.

    Full notes at https://moneyplansos.com/how-credit-cards-make-money/ 

     

    Infographic with credit and debit card statistics:

    http://www.dailyinfographic.com/the-hidden-plastic-economy

     

    How Counting Can Work Even When Budgets A...

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    #186: What could be better than taking a 30-day journey across the U.S. in a van?

    Full notes at https://moneyplansos.com/being-phroogal-on-the-road-to-financial-wellness-mpsos186/ 

    Jason Vitug from Phroogal is leaving for a 30 day journey throughout the U.S. to promote financial wellness. Visit http://Phroogal.com/Road to find a location near you

    Also: Debit cards, auto-pay, bill-pay, and checks: There are multiple ways money can ...

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    #185: It's impossible to be immune to card fraud, but you can reduce the opportunities of being a victim.

    In this episode I share steps you can take to use your Debit card responsibly and reduce the chance someone will steal your card.

    More information and full show notes with links can be found at https://moneyplansos.com/protected-but-not-immune-from-card-theft/ 

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    #184: Identity theft is no joke - and it's on the rise! Should you pay for monitoring?

    Full show notes at https://moneyplansos.com/what-makes-id-theft-companies-worth-the-cost-mpsos184/ 

    Keith Bunn of CavusFinancialCoaching.com compared four companies to see if their services are worth the cost.

    Also in this episode: 

  • 'Ponda from the Honda - My mailbox is wasting a lot of energy
  • Upcoming webinars and recent appearances
  • Testim...
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    #183: Dave Ramsey announced his new budgeting software - EveryDollar. It is awesome - and have many similar features to YNAB (You Need A Budget).

    Which premium budgeting software is best for you? Let's compare the different features and methods to identify the right one for you.

    Also: Holla from the Impala is changing. Listen to all the reasons you shouldn't buy a car from a long distance.

    For more information, visit the sh...

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    #182: Carl Richards was a ditch-digger, fell into a securities job, became a Certified Financial Planner, then became the Sketch Guy at the New York Times by drawing financial concepts on paper napkins.

    He released his second book, the One Page Financial Plan, and shares with us his journey from ditch-digger to NYTimes writer.

     

    For a more complete list of notes with pictures and links, go to https://moneyplansos.com/a-sketchy-back...

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