Oh My Dollar!

Lillian walks you through two types of insurance most folks should have, but no one wants to think about: life and disability insurance! We also cover what Worker’s Comp does and doesn’t cover. Sorry we’re a day late this week; technical difficulties + international travel!

Will and Lillian break down a bunch of different insurance terms and tell you about what kind of insurance you need to get – and how it might actually help you out (did you know renter’s insurance might cover your stolen bike?)

Professional cage fighter, personal trainer, batch-cooking enthusiast and all-around badass Emily Corso joins us to discuss ways to make cooking healthier, cheaper, and easier. (One Solution: tacos for breakfast!) Check out Emily’s gym at boldandbadass.com

Nicole Dieker from the wonderful website The Billfold joins us to talk about the most awesome way to reduce your stress and lower your grocery budget at the same time- meal planning!

We dive into the legal differences between independent contractor + W2 (regular) employee – and how it affects your finances and your legal protections and how it might be misused. Also, how Canada does it better.

We give some tips on dealing with peer pressure from coworkers and friends about spending money when you’re on a budget – and how to figure out where to trim your budget (the fact is that you probably already know what you need to do). Plus, we talk about why you might want both an IRA and a 401K.

Lillian goes on an educational rant about the concepts of “good debt and bad debt” and she answers the perplexing question of how you actually get money into a pre-tax IRA.

How American expats can avoid paying US taxes (it’s not easy); what sort of benefits you should look for in a job offer; And Kelsey calls in to celebrate paying off $18,000 in student loans by being a night nanny on top of her day job as a social worker.

Listener questions: What’s a Roth 401K and who should use it?… What should I financially prepare for if I want to go freelance?… When does it make sense to incorporate as a freelancer?… and How to budget when life is chaotic!

You’ve got a tax refund! Now what should you do with it? Lillian & Will also cover strategies for reducing your taxes when your income comes in the form of self-employed 1099 income.

A water cooler episode where we discuss some tips on raising your credit score (if you need/want to) and how much money Lillian has saved by quitting drinking. Lillian’s monthly expenses reports: http://anomalily.net/category/monthly-expense-reports/ Check out creditkarma.com to find a card you’ll likely to qualify for if you are thinking about applying for a card.

Listener Lola asks about how to plan for her future when she has six figures of college debt she’ll never be able to pay off. Lillian asks her to challenge her assumptions and start hating the debt.  

Lillian compares compound interest to bunnies, explains how she saved for retirement even when making $800/month – and the wonders of the Saver’s Credit – which gives you money back to save for retirement! If you’d like to learn more about the Saver’s Credit, check out this step-by-step on it and find out if you qualify.

From the radio vaults, we bring you a short episode about the #1 most important thing in your budget: your values. You can’t avoid looking at your budget without considering your values – no one else’s budget will work for you.

Budgeting- many people think budget is a scary word – that it implies extreme frugality, being broke, or some sort of deprivation. But most folks that are on top of their money – in fact, the average millionaire – have said  a budget is the #1 key to getting control of their money. Here’s how to get past the hard part of budgeting & create a budget, spending plan, or Money-fantastic-glitter-outline – whatever you need to call it to embrace budgeting. Download your free budgeting quickstart here: http://ohmydollar.com/budget/ ——– Some budgeting software: Youneedabudget or YNAB – https://www.youneedabudget.com/ Mint – http://www.mint.com Learnvest: http:/www.learnvest.com Level Money: https://www.levelmoney.com/