It’s been real! Season 7 has come to an end with a bang as we hit and celebrate 100 episodes... With all this excitment and joy I need to make an announcement about a hard decision that had to be made that I hope you can forgive me for.  Listen in and comment below.

Keep your head down and work hard is a mantra repeated by many. The truth is keeping your head down and working hard is not enough. In fact, it’s one of the worst piece of advise you could ever receive. In episode 99, we break down the 5 ways working hard keeps us broke.

You may have been hearing a lot over the past few weeks, or months, or years about the Federal Reserve Bank raising rates. In this episode, 98, we discuss who the Fed is, how these rates effect us, and hopefully give you a complete understanding what all this means for you!

I love talking to other Misfits because I’m always challenged and inspired with new ideas and philosophies I want to share with you. Today, we tackle the long lived misunderstanding of thinking we get paid by the hour.  It’s one of those little half truths that we’ve been taught but today I want to shed light on how we actually get paid and how to get more out of every hour we give. Enjoy!

While this show is ALL about financial independence this episode is about the game plan to getting you from ZERO to real independence.  While most financial folk will continue to push the traditional hope and spray techniques we take a different approach.  An approach that gets you results in more like 10 years instead of 30 or 40.  Enjoy!

If you've never heard of the Marshmallow Test you're in for a treat... (see what I did just there?) If you have heard of it you should know that the test itself has come under some scrutiny in recent years.  Either way, there's some goodness in all this that we can soak up and ensure our own and our children's success for life!

Show Links & Mentions:

• "Why Rich Kids Are So Good at the Marshmallow Test"
• https://www.youtube.com/watch?v=BLtQaRrDsC4

https://www.youtube.com/watch?v=QX_oy9614HQ

We've been talking a lot about the kids lately but in this episode, we ask about Numero Uno... YOU!  As leaders and parents we're constantly on the look out for someone else... concerned about their well being... but today we put the focus back on where it probably should be... Let's Get It!

We continue with the topic of kids and money but with a twist.  I have been under the weather and my voice has suffered for it.  So today, I bring you a special audio treat from a man who ran a $10,000 experiment on his kids and shares what he has learned and how it ties directly to our own financial problems. This is one you don't want to let pass you by! https://www.youtube.com/watch?v=_VB39Jo8mAQ&t=2s

If you've ever wanted to know how to leave your children generational wealth that lasts, like the Rockefellers, this is the episode for you. You may have on your mind how to leave an inheritance but today we explore the difference leaving a "legacy" can make.

My kids don’t have a savings jar and for good reasons.  Last week we talked about the 3G system and this week we discuss why there is no “SAVINGS” bucket included in the mix.

Episode 91 Timestamps:

• First Time Tuning In? [1:27]
• Where’s The Savings Jar? [2:56]
• Defining Savings [3:32]
• Reason 2 [5:31]
• Reason 3 [7:46]
• Managing one is like managing kids after school [8:08]
• The underlying key to all of this? PURPOSE! [11:06]
• Definition of immaturity [15:16]

Show Links & Mentions:

• Show notes: https://yourmoneyright.com/91
• Episode 90: The 3G System
• The Money Misfits Facebook Group

Should we be giving our children allowances?  How do you make sure they don’t grow up spoiled and entitled?  What if you don’t have any money yourself?  In this episode, we dig in on the mechanics of how to teach your kids to manage money.  This is the simplest and most effective method that I know of to put our kids on the right track!  Let’s Get It!!

Episode 90 Timestamps:

• Should we be giving our children an allowance? [2:50]
• Should they get paid for chores [3:10]
• The purpose of the allowance [3:30]
• The problem with “GIFT” money [5:19]
• How much should the allowance be [9:55]
• Intro to the 3G System [11:55]
• The Buckets Break Down [14:40]
• The Grow Bucket [17:57]
• The GET Bucket [20:25]
• The importance of allowing children to spend money [21:20]
• The Recap [26:00]

Show Links & Mentions:

• Show notes: https://yourmoneyright.com/90