Live from the Live Better recording studio! Bret and Jason are here this week with Peter Dunn aka Pete The Planner, CEO and Founder of Your Money Line and Hey Money.
Peter Dunn a.k.a. Pete the Planner® is an award-winning comedian and an award-winning financial mind. He’s a USA TODAY columnist and the author of ten books, six of which were featured in a nationwide launch at Barnes & Nobles stores in January of 2015. He is the host of the popular radio show and podcast The Pete the Planner Show. Pete has appeared regularly on CNN Headline News, Fox News, Fox Business as well as numerous nationally syndicated radio programs. In addition to his work educating the public, Pete is also the CEO and Founder of Your Money Line and Hey Money. Your Money Line is a corporate financial wellness solution connecting employees to confidential, unbiased financial guidance. Hey Money is a direct-to-consumer monthly subscription that connects people to friendly financial experts. Pete lives in Carmel, Indiana with his wife and two young children.
Listen in as Bret and Jason discuss with Peter the importance of financial well being, making sure your values match your actions, building a stability plan, reducing unnecessary expenses and the financial impact of COVID-19.
Show notes:
- [01:30-10:00] - Welcome Peter Dunn!
- [11:45-16:45] - Abundance philosophy vs. scarcity philosophy
- [17:00-19:00] - The importance of mindset, doing what you love and the economic reality of doing what you love
- [20:00-23:15] - People who have been greatly financially impacted by the COVID-19 shutdown, people who haven’t been affected yet but could be soon, and people who currently have stability during the pandemic
- [23:30-30:00] - Reducing expenses, the “ideal” household budget and spending percentages (what you value versus what you tell your friends)
- [32:00-33:00] - The minimalism culture and putting your money towards thing you value without compromising your stability (the value based judgement)
- [33:00-37:30] - Building a stability plan around starting a family and buying a home
- [38:00-40:00] - The old mentality of renting and why renting is not a bad thing!
- [40:00-45:00] - The realities of financial education + why you shouldn’t be a victim of predatory lending
- [47:00-50:00] - Best practices and tips for teaching our youth the importance of saving money
- [58:00-1:00:00] - Resources from Pete: Your Money Line + Hey Money
- [1:01:00-1:02:00]: Pete’s Best Day Ever (involving physical activity, helping people with their financial problems, fishing, watch crappy TV shows and drinking wine!)
- [1:03:00-End] - Learn more about Peter Dunn at his website at https://petetheplanner.com/