Forget About Money
David Baughier
Hosted by: David Baughier
Welcome to the Forget About Money podcast, where we encourage you to take action today so that you can focus on what matters most to you.
Flavor: Money, Lifestyle, Mindset, and a Dash of Humor
Watch us on YouTube:
Meet the Host:
- David: The Calculated Voice of Financial Wisdom. David is the epitome of calm and collected, especially when navigating the complexities of personal finance. His advice is grounded, reliable, and reflects his deep understanding of the financial independence journey.
- David is the guy behind Fiology, a free resource that escorts you through 52 concepts of financial independence - for free! Click here for the free money course.
What You Will Hear!
- In-Depth Money Matters: Dive into comprehensive discussions about personal finance, including topics like effective budgeting strategies, smart investment choices, and navigating the ever-changing economic landscape.
- Practical Lifestyle Hacks: Learn how to enhance your lifestyle without straining your finances. Episodes might cover topics such as frugal yet fulfilling travel, cost-effective home improvements, or how to enjoy luxury experiences on a budget.
- Mindset Focus: Explore ways to maintain a positive and productive mindset in the face of financial challenges. Listen to real-life stories of overcoming debt, the psychological aspects of money management, and tips for staying motivated on the path to financial independence.
Social Handle: @forgetaboutmoney
Where to Watch: YouTube @forgetaboutmoneypodcast - Subscribe
All episodes
Best episodes
Top 10 Forget About Money Episodes
Goodpods has curated a list of the 10 best Forget About Money episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Forget About Money for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Forget About Money episode by adding your comments to the episode page.
📉 The Perfect Withdrawal Strategy for Early Retirement, Inner Voices, and Conspiracy Theories!🕵️♂️
Forget About Money
12/11/24 • 42 min
🛠️ What does it take to master the perfect Early Retirement Withdrawal Strategy? In this episode, we talk tax-efficient withdrawals, bridging the "gap years," and the best tactics to optimize Social Security—all with a fun twist of inner monologues and conspiracy theories!
Watch and Subscribe on YouTube
🌟 Whether you’re navigating the complexities of early retirement or seeking peace of mind about accessing your funds, this episode is packed with actionable insights and lighthearted moments.
In this episode, we discuss:
1️⃣ Strategic Withdrawals: How to optimize taxable, traditional, and Roth accounts for retirement.
2️⃣ Managing Gap Years: Tactics for the time between early retirement and age 591⁄2.
3️⃣ Tax-Efficient Plans: Capitalizing on Roth conversions, taxable accounts, and ACA planning.
4️⃣ Required Minimum Distributions (RMDs): Simplifying strategies to minimize tax burdens.
5️⃣ Social Security Optimization: When to claim benefits for long-term stability.
6️⃣ Peace of Mind: Building a withdrawal plan that works for your lifestyle.
7️⃣ Conspiracy Theories and Monologues: Ending with a laugh and thought-provoking reflections.
🔗 Sean’s Links:
🤔 Accessing Retirement Accounts Prior to Age 59 1⁄2
🔗 David’s Links:
💡 The Perfect Passive Portfolio for Early Retirement
🚀 Secret IRS Rule 72(t) Explained
🍏 Forget About Money on Apple Podcasts
🎧 Forget About Money on Spotify
#retirement #financialindependence #tax #seanmullaney
🎧 Listen & Subscribe: Join us for more episodes about financial independence, retirement strategies, and lifestyle design. Don’t forget to hit subscribe and turn on the bell 🔔 for updates!
📜 Disclaimer: The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. David and the Forget About Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc., and their services.
🟧 Financial Reddit Reactions, Sleep Routines, and Misophonia! 🌀
Forget About Money
12/04/24 • 47 min
🔥 Financial Reddit: Reddit isn’t just a hub for memes—it’s a goldmine for financial insight! In this episode we explore the world of Financial Reddit, breaking down threads on budgeting, early retirement, and the quirks of financial planning.
Watch and Subscribe on YouTube
🌟 We also touch on personal routines, quirky habits, and how our interactions shape our lives, from sleep health to dating.
In this episode, we discuss:
1️⃣ Reddit for Finances: Real-life stories and advice to inspire financial independence.
2️⃣ Managing a $3M Windfall: Challenges and opportunities in early retirement.
3️⃣ Budget vs. Memories: Smart choices for big vacation spending.
4️⃣ Healthcare Costs: ACA subsidies and planning for retirement.
5️⃣ Better Sleep Tips: Using white noise and weighted blankets for restful nights.
6️⃣ Misophonia Insights: Coping strategies for sound sensitivities.
7️⃣ Dating Green Flags: Traits and habits that signal meaningful connections.
🔗 Eric’s Links:
🔗 Carla's Links:
🟧 Financial Independence Reddit
🔗 David’s Links:
🍏 Forget About Money on Apple Podcast
🎧 Forget About Money on Spotify
#reddit #retirementplanning #financialindependence #misophonia
🎧 Listen & Subscribe: Dive into more episodes exploring financial independence, lifestyle hacks, and personal growth! Don’t forget to hit subscribe and turn on the bell 🔔 for updates.
📜 Disclaimer: This episode is for entertainment and informational purposes only and is not financial advice. Always consult with a professional for personalized guidance.
11/15/24 • 41 min
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🪙 Rising prices are changing how we spend. In this episode we talk about what’s now simply “too expensive” to buy, from energy drinks to dining out. We share what we and others are cutting back on and explore new, budget-friendly choices for 2024.
In this episode, we discuss:
1️⃣ Energy Drinks and Coffee: Swapping pricey energy drinks and cafe coffee for cheaper, at-home caffeine options.
2️⃣ Grocery Staples: Rising costs on essentials like cereal make basic breakfasts feel like splurges.
3️⃣ Dining Out and Alcohol: High restaurant and bar prices lead to more meals and cocktails made at home.
4️⃣ Fresh Produce and Meat: Opting for frozen fruits and buying meat in bulk to stretch the grocery budget.
5️⃣ Amazon Prime and Streaming: Reconsidering subscriptions and rotating services to manage monthly expenses.
🔗 Carla's Links:
📘 Start Thinking Rich: 21 Harsh Truths to Take You from Broke to Financial Freedom
🔗 David's Links:
🍏 Forget About Money on Apple Podcast
🎧 Forget About Money on Spotify
#inflation #frugalliving #budgetingtips
🎧 Listen & Subscribe: Don’t miss more episodes on creating a life of intentionality and financial freedom! Hit subscribe and the bell icon 🔔 to stay updated.
📜 Disclaimer: This episode is for entertainment and informational purposes and does not constitute financial advice. Please consult with a professional for specific needs.
Secret IRS Rule 72(t)! | Eric Cooper Shares Early Withdrawal Hack!
Forget About Money
03/08/24 • 44 min
Join Eric Cooper and Stephen Baughier with host David Baughier for a fun-filled, informative deep dive into the world of IRS 72(t) Early Withdrawal Strategy on "Forget About Money" podcast. 🎧
Chapters 📚
0:00:00 Introduction to Financial Independence and 72(t) Strategy 🌈
0:01:28 FinTalks Cruise Shenanigans and Bets 🛳️💬
0:02:56 Drama-Free FinTalks Cruise 🤿
0:04:45 Ski Trip Injuries and Retirement Decision 🎿⛷️
0:06:10 Bougie the Cat 🐱🏡
0:07:15 Military Recruitment and Son's Future Plans 🪖🌟
0:09:10 Early Retirement Obstacles and Financial Planning Shift 💼🔄
0:10:54 Mystery of 72(t) IRS Code and Recent Changes 🕵️♂️🔍
0:14:15 Eric's Financial Snapshot and Approach to 72(t) 💰🤓
0:16:27 Stephen's Inquiries and Simplifying 72(t) Explanation 🤔🗣️
0:19:37 Detailed Discussion on 72(t) Mechanics and Methods 🔧📈
0:22:33 Choosing the Fixed-Term Annuity 💹
0:23:11 Resourceful Websites for Financial Planning 🌐📚
0:24:14 Exploring Different IRA Methodologies 🤖🔬
0:25:40 Flexibility in Adjusting Withdrawal Methods 🧘♂️🔄
0:26:08 Transitioning from Landlord to Traveler 🏡✈️
0:26:58 Embracing the 72(t) for Financial Freedom 🤗💸
0:29:41 Detailed Itinerary of Travel Adventures 🗺️🌍
0:32:08 Understanding the Rule of 55 📏👴
0:34:11 Tips and Cautionary Tales for 72(t) 🚨💡
0:36:16 Timing Considerations for 72(t) ⏱️🤔
0:37:36 Reflecting on High School and Sibling Rivalry 🏫👬
0:40:22 Light-Hearted Banter and Accent Challenges 😂🗣️
0:42:38 Hilarious Sign-Offs and Goodbyes 😆👋
Hosted by: David Baughier and Guest Host Stephen Baughier
Social Media: @forgetaboutmoney
YouTube: @forgetaboutmoneypodcast
Website References:
🏦 The Perfect Passive Portfolio for Early Retirement, 2025 Tax Changes, and Time Travel! 🕰️
Forget About Money
12/06/24 • 43 min
🛠️ What does it take to build the perfect portfolio for early retirement? In this episode, we explore tax-efficient investing, real estate vs. index funds, and even throw in a fun twist with time travel!
Watch and Subscribe on YouTube
🌟 Whether you're planning for financial independence or navigating changes in 2025 tax laws, this episode is packed with actionable insights, debate, and a little imagination.
In this episode, we discuss:
1️⃣ Designing the Perfect Passive Portfolio: The role of index funds like VTSAX in early retirement.
2️⃣ Real Estate vs. Index Funds: Which is better for financial independence?
3️⃣ Tax-Efficient Contributions: How to maximize Roth IRAs, 401(k)s, HSAs, and taxable accounts.
4️⃣ Withdrawal Strategies: Optimizing portfolio withdrawals to minimize taxes in retirement.
5️⃣ 2025 Tax Changes: What the upcoming laws mean for retirees and early retirees.
6️⃣ Social Security and Early Retirement: Planning around potential tax-free benefits.
7️⃣ Time Travel Reflections: A lighthearted look at history, nostalgia, and financial foresight.
🔗 Sean’s Links:
📘 JL Collins’ Book The Simple Path to Wealth
🔗 Carla’s Links:
🎙️ Estate Planning with Sean Mullaney on Mile High FI Podcast
🔗 David’s Links:
💡 The Perfect Passive Portfolio for Early Retirement
🍏 Forget About Money on Apple Podcasts
🎧 Forget About Money on Spotify
#passiveincome #financialindependence #taxplanningtips #seanmullaney
🎧 Listen & Subscribe: Dive into more episodes exploring financial independence, lifestyle strategies, and personal growth! Don’t forget to hit subscribe and turn on the bell 🔔 for updates.
📜 Disclaimer: The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. David and the Forget About Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc., and their services.
🧘 Money Tree Pose: Downward Debt and Upward Dollars 💸
Forget About Money
04/26/24 • 68 min
Watch on YouTube and subscribe @forgetaboutmoneypodcast
🌟 A passionate yoga instructor from sunny San Diego, Danielle dives deep into her money habits, sharing the ups, downs, and transformative realizations that are reshaping her financial destiny.
🆓 Free Money Course: https://www.fiology.com/free-fiology-workbook/
Join Danielle on her eye-opening journey towards financial enlightenment in this unmissable episode!
From tackling pesky debts to dreaming big about geo-arbitrage adventures, get ready for a candid exploration of how she's bending her financial future towards success, all while maintaining a zen-like balance.. 🌟
What You'll Learn:
📘 Effective strategies for debt management and investment.
🧘 Insights into the financial aspects of being a yoga instructor.
🌏 How geo-arbitrage can significantly reduce living expenses.
💰 Techniques for maximizing income through diverse yoga offerings.
🤝 Importance of aligning financial and lifestyle goals in relationships.
Keywords: Financial Independence, Debt Management, Yoga Instructor, Geo-arbitrage, Investments, Danielle’s Journey, Money Habits, Teaching Yoga, Financial Stability, Couples Finance
Resources:
You are Badass book: https://a.co/d/0WiQKjX
🌟 Dive into this journey with Danielle and discover how aligning your financial habits with your life goals can lead to a more fulfilling and financially secure life. Don’t forget to like, subscribe, and comment with your own financial aspirations and insights! 🌟
04/19/24 • 90 min
Host David Baughier and guest Rick Heyse, a soon-to-be retired military officer with a passion for financial planning, explain the crucial "money mistakes" that young adults often make.
🆓 Free Money Course: https://www.fiology.com/free-fiology-workbook/
This podcast is packed with actionable "money management tips for young adults" and is ideal for anyone starting their financial journey or seeking to improve their budgeting skills.
Top 10 Money Mistakes Discussed:
- Not contributing to their Thrift Savings Plan (TSP)
- Not opening a Roth IRA
- Excessive disposable income spending
- Buying an expensive car
- Buying expensive recreational toys
- Co-signing loans/leases
- Loaning money to family and friends
- Neglecting adequate insurance
- Lack of knowledge about credit score
- Ignoring medical and other benefits
💡 What You'll Learn:
- Essential tips on managing "money for young adults" and creating a robust financial foundation.
- Strategies for effective "money young" management, including insights on TSPs, Roth IRAs, and common financial pitfalls.
- Practical insights on budgeting, saving, and investing for long-term financial well-being.
📚 Recommended Reading:
Explore "The Psychology of Money" for deeper understanding of the psychological factors that influence financial behavior.
Amazon Link: https://a.co/d/hH79NSa
🔗 Resource Links:
TSP.gov: https://www.tsp.gov/
MyPay Website: https://mypay.dfas.mil/
VA Benefits: https://benefits.va.gov/benefits/
Free Annual Credit Report: https://www.annualcreditreport.com/index.action
Time Value of Money: https://www.fiology.com/compound-interest-can-make-you-rich/
👥 Target Audience:
This podcast is essential for young adults, military members, and anyone interested in enhancing their financial literacy and securing their financial future.
Don’t forget to like, subscribe, and share this podcast! Drop your questions or topics you'd like us to cover in future episodes in the comments below!
#FinancialFauxPas #MoneyManagement #PersonalFinance #Investing #RetirementPlanning #MilitaryFinance #CreditManagement #Insurance
05/17/24 • 44 min
Watch this episode and subscribe on YouTube
Jesse, a former financial consultant traded his American lifestyle for a more fulfilling life in Ensenada, Mexico.
Jesse shares his remarkable journey of leaving his U.S. career to start a massage business abroad and find financial independence in a low-cost living area.
🎯 Episode Highlights:
0:00 - Starting a New Chapter: Jesse's inspiring transition from the U.S. to Mexico, leaving behind a stable consulting career.
0:31 - Making the Retirement Decision: How he balanced retirement options after receiving a windfall.
2:27 - Selecting the Perfect Location: Why Ensenada became the ideal location for his new business.
4:18 - Transitioning to His Own Business: From couch surfing to building a successful massage studio.
6:41 - Cultural Influences in Entrepreneurship: Navigating the cultural differences in business.
10:21 - Impact of Americans in Mexico: Understanding gentrification and respecting local culture.
16:05 - Tips for Entrepreneurs Abroad: Jesse's valuable advice for starting a business outside the U.S.
19:40 - Benefits of Low-Cost Living: Exploring the financial advantages of living in Ensenada versus San Diego.
23:28 - Personal Financial Independence Journey: Jesse's path to financial independence before and after receiving a windfall.
34:17 - Financial Independence Path: How strategic financial planning led to his success.
38:41 - Potential Changes with Windfall: What he would have done differently if he had known about the windfall earlier.
42:21 - Seeking Happiness Beyond Wealth: Finding joy through community, purpose, and meaningful connections.
📝 Key Takeaways:
The challenges and rewards of starting a business in Mexico.
The financial and personal benefits of living in a low-cost area.
How a windfall can alter your retirement path, and the importance of staying true to one's values.
Intentional savings accounts and their role in fostering happiness and fulfillment.
Jesse's Links:
📧 Email: [[email protected]]
🌐 Business Website: [ensenada-massage.com/blog]
Connect with Us:
Follow the Forget About Money podcast for more stories like Jesse's.
Share your thoughts on this episode in the comments below, and don't forget to like and subscribe!
#ForgetAboutMoney #StartingABusinessInMexico #FinancialIndependenceJourney #LowCostLiving #WindfallRetirement #EntrepreneurshipAbroad #AmericanExpatsInMexico
📚 Top 10 Gen Z Money Tips with Professor Brett Killion 💸
Forget About Money
06/07/24 • 76 min
Watch this Episode and Subscribe on YouTube
🤑David Baughier chats with Brett Killian, an associate professor at Lakeland University, to discuss essential money lessons for Gen Z. 💸📚
Brett shares his expertise in personal finance, drawing from over a decade of experience teaching college students. 🎓
Discover practical strategies for minimizing student debt, building wealth, and making informed financial decisions that set you up for a successful future. 💡💼
🔑 Key Topics Discussed:
⇨ Brett Killian's top money lessons for Gen Z
⇨ Habits and investing strategies of millionaires
⇨ Practical ways to minimize student debt, including college hacking and gap years
⇨ Importance of "Pay Yourself First" strategy and automation in saving
⇨ Efficiency in managing the "Big Three" expenses: housing, transportation, and food
⇨ Clarifying the differences between saving and investing
⇨ Understanding and building credit scores responsibly
⇨ Basics of insurance and the importance of term life insurance over whole life insurance
🕒 Timestamps/Chapters:
0:00 - 📘 Introduction to Money Lessons for Gen Z
5:03 - 💼 Millionaire Habits
10:12 - 🎓 College Debt Hacks
20:45 - 💸 Pay Yourself First
25:52 - 🏠🚗🍴 Budgeting: The Big 3
34:09 - 💰 Savings vs. Investing
38:35 - 📈 Simple Investing Tips
44:45 - 📊 Credit Scores Explained
56:26 - 🛡️ Insurance Basics
59:55 - 🏡 Homebuying Tips
1:01:17 - 📖 Personal Stories and Financial Decisions
1:14:09 - 🎓 Impact of Financial Education on Young People
1:14:21 - 📋 Summary of Financial Topics Covered
🔗 Brett's Links:
📚 NextGen Financial Freedom Blog: https://nextgenfinancialfreedom.com
🔗 David's Links:
💰 Free Money Course: https://www.fiology.com/free-money-course/
🍏 Forget About Money on Apple Podcast: https://podcasts.apple.com/us/podcast/forget-about-money/id1730601757
🎧 Forget About Money on Spotify: https://open.spotify.com/show/5BQTKUPL6IHtXCEJTY9jYo
📝 Episode Highlights:
💡 Brett's essential money lessons tailored for Gen Z
📈 Insights into the habits and investing strategies of millionaires
💸 Practical tips on minimizing student debt through college hacking and gap years
🏡 Strategies for managing the "Big Three" expenses: housing, transportation, and food
💰 Understanding the "Pay Yourself First" strategy and the importance of automation in saving
🔍 Clarification of the differences between saving and investing
📊 Building and maintaining credit scores responsibly
📜 Basics of insurance and the importance of choosing term life insurance over whole life insurance
#️⃣ Hashtags:
#GenZMoney #BrettKillian #MoneyLessons #FinancialLiteracy #StudentDebt #InvestingTips #PersonalFinance #CollegeHacking #PayYourselfFirst #FrugalLiving #CreditScores #InsuranceBasics #TermLifeInsurance #FinancialEducation #SmartInvesting
🤦♀️ "Die With Zero": Millionaires Only, Please! 🤷♂️
Forget About Money
12/13/24 • 42 min
⚠️ In this episode, we break down Die With Zero by Bill Perkins, exploring its bold advice to spend rather than save. Is it a life-changing philosophy or a steamroom chat among the elite? We critique its core concepts, discuss why it might harm the average person’s finances, and suggest practical alternatives for living a meaningful life.
Watch and Subscribe on YouTube
💎 Whether you’re curious about memory dividends, time bucketing, or how Die With Zero contrasts with financial independence principles, this episode offers an honest, fun, and critical analysis.
In this episode, we discuss:
1️⃣ What is Die With Zero? Exploring the premise of spending for experiences over saving and the concept of memory dividends.
2️⃣ Time Bucketing and Peak Health: How to align life experiences with physical and financial milestones.
3️⃣ Who Die With Zero is For: Why it resonates with millionaires but may miss the mark for others.
4️⃣ Critiques and Alternatives: The pitfalls of its spending advice and practical strategies for financial independence.
🔗 Carla’s Links:
🎙️ Guy Lombardo -- Enjoy Yourself, It's Later Than You Think
🔗 David’s Links:
🏖️ The Fun Bucket Strategy: How to Spend Money in Retirement! | Mark Trautman & Kevin Sebesta
📘 Die With Zero: Nope, because it isn’t worth your money (unless you are a millionaire). If you must, go to a library or just listen to podcasts and blogs about it.
🍏 Forget About Money on Apple Podcasts
🎧 Forget About Money on Spotify
#financialindependence #personalfinance #bookreview #diewithzero #billperkins
🎧 Listen & Subscribe: Dive into more episodes where we explore financial independence, frugality, and living meaningfully. Hit subscribe and tap the bell 🔔 to stay updated!
📜 Disclaimer: This podcast is for entertainment and informational purposes only and is not financial advice. Always consult a qualified financial advisor before making significant financial decisions.
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FAQ
How many episodes does Forget About Money have?
Forget About Money currently has 55 episodes available.
What topics does Forget About Money cover?
The podcast is about Financial Independence, Retirement, Entrepreneurship, Investing, Personal Finance, Mindset, Podcasts, Business and Early Retirement.
What is the most popular episode on Forget About Money?
The episode title '🚫 Top 10 Money Mistakes Young Adults Make | Financial Tips with Rick Heyse ⚓' is the most popular.
What is the average episode length on Forget About Money?
The average episode length on Forget About Money is 53 minutes.
How often are episodes of Forget About Money released?
Episodes of Forget About Money are typically released every 7 days.
When was the first episode of Forget About Money?
The first episode of Forget About Money was released on Feb 12, 2024.
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