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Money Peach

The Money Peach Podcast is a weekly show hosted by Chris Peach, the founder of the award-winning blog and personal finance website - Money Peach. What you can expect from this show: Chris Peach is an advocate for everyday people who want to know how to manage the everyday money. He believes the financial world is broken and it’s meant to be confusing - the less you know the more they (the financial world) makes. How it all started: Chris Peach was once struggling financially himself. In 2011 he was living paycheck to paycheck, facing $52,000 in consumer debt, and didn’t have a clue of what to do next. After learning the right way to manage the money and creating a plan, Chris paid of all of his debt and has never looked back. He's been showing people how to do the same ever since. Every Friday, Chris brings someone on the show to talk about money. From budgeting, to saving, to making more, and even some incredible stories to motivate your form real-life, everyday people who are winning with money. This is the show for the everyday, hard-working, people who want someone to show them what to do and how to do it...and in terms we can all understand! Welcome to the Money Peach Podcast!
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Now displaying: September, 2018
Sep 27, 2018

Travis Hornsby is the founder of StudentLoanPlanner - a website and community where thousands of people are saving millions of dollars in student loan interest payments.

Travis’s passion for this started when his physician wife was facing massive amounts of student loan debt and he started researching the most efficient ways to pay them off and how to take advantage of the programs the government has available (but forgets to tell us about).

Since starting Student Loan Planner in 2016, Travis has met with over 1,000 to help them pay off over $300 million in student loan debt and save over $60 million in interest payments.

I haven’t met anyone who knows more about the ins and out of student loans and how to ensure you’re paying them off in the most efficient way possible. In fact, there were a few things Travis mentions in our interview that I had never realized was even a possibility.

In the interview, Travis and I talk about:

  • Subsidized vs unsubsidized loans
  • Stafford loans
  • PLUS loans
  • Why student loan forgiveness may be the smartest thing you can do
  • How Capitalization of your student loan works against you
  • Federal vs Private loans
  • The PAYE program
  • The REPAYE program


AND much more…


All the show notes, links and anything Travis and I mentioned can be found at https://www.moneypeach.com/session113

Sep 20, 2018

In the blogging world, Jim Wang is one of the early pioneers turned blogging legend.

As a software engineer in 2005, Jim started blogging about how he set up his monthly budget, how he opened a retirement account, where he shopped for deals, and how he managed his everyday money.

It was his hobby.

Something he did on nights and weekends as a way for him to document everything he was doing financially while fulfilling a need for a hobby. His blog never made any money in the beginning because he was never trying to make money.

He just liked blogging.

However, over a few years of consistent posts on his blog, readers started catching on and over time his site began to grow.

And grow...and grow.

Then just five years later, a company offered Jim Wang $3 Million to buy his little “hobby blog” from him.

I of course needed to how this all happened, which is why I asked Jim to come on the show.


In this episode, Jim and I talk about…

• Getting started
• Going from hobby to business
• Why relationships are still important (even online)
• Consistent effort over time and how it related to Jim
• Restarting - Jim eventually started a second blog from the ground up
• On storytelling - facts tell and stories sell
• And more...



All the show notes, links and anything Jim and I mentioned can be found at https://www.moneypeach.com/session112

Sep 13, 2018

We get emails all the time about people wondering how to start their own blogs and how to make money from a blog.

The first thing I will tell them is it is definitely not a get-rich-quick business, it takes a ton of effort and a little bit (or a lot) of time.

Truth-be-told, I started Money Peach in March 2015 and didn’t see any revenue at all until December of that same year. I would imagine I put in close to 1,000 hours of blogging...not a great hourly rate in the beginning, right?!

Now, I definitely don’t share this to scare you away from blogging, because just like anything in life...the reward is often worth the wait! Today, I am extremely grateful that the newbie blogger in 2015 never gave up.

Today Money Peach provides a very incredible income for our family and it wouldn’t have ever happened with the labor of love in the very beginning.

But what about you and your blog, right?

This is why I am bringing on my good friend Pete McPherson - founder of “Do You Even Blog?” and an absolute expert and all-star when it comes to starting and monetizing your next blog idea.

Pete has been a blogger for over a decade and has literally had over 40 failed blogs before reaching a ton of success with Do You Even Blog?

Therefore, Pete knows a thing or two when it comes to starting a blog, growing a blog, and our favorite - MAKING MONEY through a blog. In fact, Pete is now generating just under $10,000 per month with his blog he started just 14 months ago.

In this episode, Pete and I talk about...

• How to get started even if you’re not quite sure where to start
• The best places to start for FREE
• Pete’s three tier approach to monetizing a blog
• Why Pete spends so much time building out the FREE stuff first on his blog
• How to monetize your blog when you have very little traffic
• The biggest mistakes newbie bloggers make and how to avoid them



All the show notes, links and anything Pete and I mentioned can be found at https://www.moneypeach.com/session111

Sep 6, 2018

Author, speaker, entrepreneur and money-behavior expert Darryl Lyons is on the show today to talk to the middle class about our behavior with money.

If you’re not on food stamps or you’re not vacationing on your yacht, then you and I both would be considered the middle class...and we have unique challenges.

All of us our continually hyper-marketed to on a daily basis to get us to spend our money on “stuff” right now and putting off any kind of delayed gratification.

Think about our credit cards, Amazon one-click, Apple-Pay, “Hey Alexa”, and all the other ways to spend money without really “feeling” money.

Genius, right?

But what happens when our spending doesn’t leave room for saving and we don’t save enough? Did you know that $1 million is no longer enough to retire with and saving 15% of your gross income still isn’t going to get you to your goals?

And how much should you have saved at each age (30, 40, 50, 60, 70, 80…)?

How do you know when you have enough saved and what are things you should be doing to ensure you pivot into chapter two of life with enough to start chapter two.

During our interview Darryl and I go over…

  • Why $1 Million for Retirement Still Isn’t Enough
  • The Ben vs Arthur Example
  • The power of “Pause”
  • How to create your “filters” so you don’t break the bank
  • The science behind cash vs plastic
  • How much you need at each age
  • And why the word “retirement” may as well be a cuss word ;)

 

All the show notes, links and anything Darryl and I mentioned can be found at https://www.moneypeach.com/session110


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