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Live 4 Financial Freedom

Live 4 Financial Freedom

By Bruce Mills
Become a Paid Subscriber: https://anchor.fm/live4/subscribe This is our journey through Marriage, Raising Teenagers to Financial Freedom. Financial Freedom (FIRE) can help give you choices in life. We share stories to help couples getting married, married. Helping parents survive raising kids to planning for kids. What your secret to Success is in Marriage, Kids and Money? Money is such a sensitive topic in a lot of relationships and a major cause of divorce so we will talk about money. Debt Freedom and FIRE is our goal so we have choices in life. We cover Mills Family Financial Freedom Rules. E-mail me at bruce@millsway.com to be a guest.
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Artwork for episode "You Don't Have to Retire Early"

You Don't Have to Retire Early

Live 4 Financial Freedom

Career & Financial Tips Every Young Adult Should Know
As a young professional trying to find their footing in the world, you are bound to face challenges. However, the path to success involves tackling these challenges head-on and becoming the best version of yourself. While there are no set guidelines that can guarantee success, this article by Mills Way takes you through a few important steps you can take to become financially and professionally stable in your life. Thanks, Julie Morris for the above great info. You are good. Mills Way is more than financial freedom -- it is a way to help people have choices in their life and map out their own route to financial freedom and happiness. Become a Paid Subscriber to Live 4 Podcast As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast, drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast, drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway
18:53
December 3, 2021
November 2021 Financial and Goals Results
Become a Paid Subscriber to Live 4 Podcast Christmas is getting close and it is a very exciting time. We wish family could come visit us again this year for Christmas like our Folks did last year but it looks like they won’t be here until January. This may be Logan’s last Christmas for a while at home. He leaves for the Navy in about 7 weeks from now. We will make this a fun Christmas for the four of us. Seth will probably want to have his Girlfriend over Christmas Eve or Day. We will need to work it out with her Folks. We really like Aady. Darlene likes it when she is over to our house because she isn’t the only girl in the house. LOL We had some expenses hit us this month that I will cover with our results. Plus, the Stock Market took a hit this month with the Covid scares again. Thank goodness we have money in Digital Currency. What our Stocks were down we were up twice that amount in Digital Currency. Yea.. MY golfing season is wrapping up for the year. The costs go way up due to these darn Snow Birds. LOL December is such a busy month for our family and Darlene’s job that it is just better for me to hang my golf clubs up till January. They probably need a break anyway. LOL It is a good time to be a Sports fan in Arizona. The Suns and Cardinal’s are doing great this year. Now if our Vikings could win some more games and maybe squeak into the playoffs. I know that is probably a big dream. LOL Darlene is still working crazy hours. She is working 7 days a week. She works about 10 to 12 hours a day. Grocery business is tough right now because of the lack of employees. Plus, the people that keep job hopping right now. They may work for a few weeks and then get another job. Crazy. She is getting tired. Hopefully January things will be better for her and she gets a day off now and then. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Check out all my Published books on Amazon.com. Here are a few of them: Money Secrets - https://www.amazon.com/dp/B088GKF2TM Richer Living - https://www.amazon.com/dp/1695676815 Wake Up -  https://www.amazon.com/dp/1694989585 Rizzle.TV – Short Educational Videos on Motivation, Leadership, Relationships, Money and Golf. Click here for some Side Income and Part-time Business Ideas Plan for retirement with our free tools today. Net Worth - Best App for Investors #Financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
24:56
December 1, 2021
Christmas Gifts
Become a Paid Subscriber to Live 4 Podcast Darlene and myself was talking about how many gifts do we really remember from our pasts. Especially most people don’t remember anything before age 6 because our Brains aren’t fully developed yet. We talked about even if we could remember what we got 10 years ago. Also, what gifts have we got in the past that we even use today. I see these young parents with little kids going way over board on gifts and parties for the kids. Will the kids ever really remember it in the future? I bet they will remember if their parents go broke or file Bankruptcy. Listen to the whole Podcast for all the details. Become a Paid Subscriber to Live 4 Podcast If you need more help, I can help with my Coaching service. I just want to help people have less stress about their Financial Future or their Retirement plans and spend more time enjoying life. “The definition of insanity is doing the same thing over and over again, but expecting different results”. By Albert Einstein. I would also say the definition of insanity is believing you can live a financial responsible life without tracking how you are doing, having a budget and goals. I like following others who track their finances to compare our also. I enjoy helping people with their finances and goals. We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. The boys will need to maybe put off Net Flix or buying a New Video game or going to the movies until they are on the path to Financial Freedom. Check out all my Published books on Amazon.com. Here are a few of them: Money Secrets - https://www.amazon.com/dp/B088GKF2TM Richer Living - https://www.amazon.com/dp/1695676815 Wake Up -  https://www.amazon.com/dp/1694989585 Rizzle.TV – Short Educational Videos on Motivation, Leadership, Relationships, Money and Golf. Thanks, and have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Plan for retirement with our free tools today. Net Worth - Best App for Investors Become a Paid Subscriber to Live 4 Podcast #Financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
10:52
November 6, 2021
October 2021 Financial and Goals Results
Where does time go? I can’t believe it is November 1st already. One good thing is we are decorating for Christmas today. We do enjoy Fall but we like to decorate right after Halloween so we can enjoy it longer. We don’t know if we are going to have any family down here this year for Christmas like we did last year or not. Our Folks are planning on coming down in January. Logan and Darlene did take a trip back to Minnesota to watch Cade and Owen. They also got to hang out with family. They both had a great time and I don’t think they wanted to come home. At least we will be back in Minnesota next Summer for another Visit. Our investments went way up last month. We hit new Net Worth Records. Especially our Digital Crypto Coins went way up in value. We will give more details below. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Become a Paid Subscriber to Live 4 Podcast If you need more help, I can help with my Coaching service. I just want to help people have less stress about their Financial Future or their Retirement plans and spend more time enjoying life. “The definition of insanity is doing the same thing over and over again, but expecting different results”. By Albert Einstein. I would also say the definition of insanity is believing you can live a financial responsible life without tracking how you are doing, having a budget and goals. I like following others who track their finances to compare our also. I enjoy helping people with their finances and goals. We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. The boys will need to maybe put off Net Flix or buying a New Video game or going to the movies until they are on the path to Financial Freedom. Check out all my Published books on Amazon.com. Here are a few of them: Money Secrets - https://www.amazon.com/dp/B088GKF2TM Richer Living - https://www.amazon.com/dp/1695676815 Wake Up -  https://www.amazon.com/dp/1694989585 Rizzle.TV – Short Educational Videos on Motivation, Leadership, Relationships, Money and Golf. Thanks, and have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Plan for retirement with our free tools today. Net Worth - Best App for Investors Become a Paid Subscriber to Live 4 Podcast #Financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway #shiba
21:38
November 1, 2021
Values
Become a Paid Subscriber to Live 4 Podcast What are your Values when it comes to Family, Work, Kids to life? We all probably have different Values and you may not agree with my friends’ views or mine but we hope to get you thinking. To possibly take a look at your situation and ask yourself is it me or them. If it is them then do you want to continue this pattern or take another route. The choice is all yours since you can’t change others, you can only change yourself. When seeing what my close friend is going through it got me thinking about what my dad and Grampa’s Values where and that is probably where my Values came from. I agree with most things they both taught me but may have modified things over the years. Let’s dive into their Values in 10 different areas. I know my dad wouldn’t waver from some of the values especially when they came to our family. Listen to the Podcast for all the details Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast, drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Become a Paid Subscriber: https://anchor.fm/live4/subscribe Check out all my Published books on Amazon.com. Here are a few of them: Money Secrets - https://www.amazon.com/dp/B088GKF2TM Richer Living - https://www.amazon.com/dp/1695676815 Wake Up -  https://www.amazon.com/dp/1694989585 Thanks, and have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Plan for retirement with our free tools today. Net Worth - Best App for Investors Become a Paid Subscriber to Live 4 Podcast #Financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
12:13
October 29, 2021
Our Financial and Goal Results from September
Become a Paid Subscriber to Live 4 Podcast It is starting to look like Fall in parts of the country now. Fall is one of my favorite seasons. The colors are amazing up in Northern Arizona and I heard back in the Midwest they are looking good also. Darlene is starting a new Chapter of her life in October. She is leaving Safeway and going to work for the School District in the Food department. She is wanting more life and work balance. She is also looking forward to helping her parents out more during the year. She is taking a huge wage cut but family first, right? Seth is still doing really good in school. He has almost all A’s and one B. He really enjoys Welding class also. He talks about it almost everyday. Who knows that may be a future career. I just hope he does in the Military for 4 or 5 years first. Logan is another month closer to shipping out to Navy Bootcamp. This month he changed his work schedule so he could have more time to work out so he is prepared for Boot Camp. He also sold his Honda Accord since he won’t need it in the Navy and Insurance is hurting him. He pays over $200 per month for Car Insurance on a car valued at about $3,500. Crazy. I have been busy working on MillsWay.com and starting my new Video Channel on Rizzle.tv called MillsWay of course. I am growing in followers so far on Rizzle.tv. No income from the channel yet but just a few weeks old. This month we worked more on MillsWay and Live4 Podcast. On our Podcast we went to a subscription plan. So, to listen to the details of our monthly results a person would need to be a subscriber to our Podcast. It is only $1.99 per month. If a person can’t afford that they really need to hire me as a Financial Coach and they can not afford to subscribe to the Podcast. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Listen to the Podcast for Full Info Check out all my Published books on Amazon.com. Here are a few of them: Money Secrets - https://www.amazon.com/dp/B088GKF2TM Richer Living - https://www.amazon.com/dp/1695676815 Wake Up -  https://www.amazon.com/dp/1694989585 Rizzle.TV – Short Educational Videos on Motivation, Leadership, Relationships, Money and Golf. Thanks, and have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Plan for retirement with our free tools today. Net Worth - Best App for Investors Become a Paid Subscriber to Live 4 Podcast #Financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
22:38
October 1, 2021
Guiding Your Senior Parents Through a Downsizing Move
Helping your senior parents downsize and move can come with exciting adventures and unanticipated difficulties. On one hand, you know your parents will thoroughly enjoy a smaller home that fits their physical requirements, as well as having more money and time for fun. On the other, you know the move will require a significant amount of effort. Between the complications of the housing market and challenges of sorting through an attic filled with memories, there is no shortage of work to be done. The good news is that there are plenty of ways to make it a smoother process. While it’s true that downsizing is no small feat, it’s also true that it doesn’t have to be stress-filled or frustrating. With a little prep time and planning, you can help your parents downsize while making the move enjoyable. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Become a Paid Subscriber to Live 4 Podcast If you need more help, I can help with my Coaching service. I just want to help people have less stress about their Financial Future or their Retirement plans and spend more time enjoying life. “The definition of insanity is doing the same thing over and over again, but expecting different results”. By Albert Einstein. I would also say the definition of insanity is believing you can live a financial responsible life without tracking how you are doing, having a budget and goals. I like following others who track their finances to compare our also. I enjoy helping people with their finances and goals. We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. The boys will need to maybe put off Net Flix or buying a New Video game or going to the movies until they are on the path to Financial Freedom. Check out all my Published books on Amazon.com. Here are a few of them: Money Secrets - https://www.amazon.com/dp/B088GKF2TM Richer Living - https://www.amazon.com/dp/1695676815 Wake Up -  https://www.amazon.com/dp/1694989585 Thanks, and have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Plan for retirement with our free tools today. Net Worth - Best App for Investors Become a Paid Subscriber to Live 4 Podcast #Financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
13:43
September 13, 2021
Minimalist Lifestyle
Become a Paid Subscriber to Live 4 Podcast We have all probably heard the important lesson of living on less that we make. Some say “Less is More” or “Living Simple” could also be names for a Minimalist Lifestyle. Myself I prefer to call it “Simple Living”. So I will call it that off and on during this podcast. I just don’t want to confuse you. LOL Any of my friends can tell you I am so excited about helping people reach Financial Freedom and their personal goals. There is no one path to reach Financial Freedom or any goal a person has in life. We all have many paths we can take to reach them and some paths can get us there sooner than others. Just like when we drive back to see family in Minnesota one path is about 26 hour drive and another path is over 30 hours. Sometimes we try different paths for different scenery. So, what is a Minimalist Lifestyle? It could mean different things to different people. We all could have different versions of it also. To me it is living below our means with less possessions. We have tried to keep our house simple over the years by selling or throwing away anything we haven’t used in the last few years. We are far from perfect at this but getting better. Once the boys move out we will kick it in for sure. In the future we have discussed selling our house and moving to an apartment or possible tiny home. Doing this we feel we can live cheaper and live simple. If it is possible to live totally simple or not. Things always come up buy you could have less things come up if you have less possessions or a smaller home. Some friends tell me that no way they want to live a Minimalist Lifestyle because they want to enjoy life when they retire. So they end up working till they are a lot older than when Darlene is planning on retiring at age 54. Darlene is going to semi retire anytime from this year to three years. She is going to work mainly till age 54 for Health Insurance. We won’t start moving towards a Minimalist Lifestyle till the boys move out and our folks quit coming down to stay with us in the winters. I feel once we go to it, we won’t sacrifice our retirement years. Instead we will enhance it by having more time and money to do things during our Retirement years instead of working on things around the house or doing yard work. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Become a Paid Subscriber to Live 4 Podcast Net Worth - Best App for Investors Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Check out all my Published books on Amazon.com. Here are a few of them: Money Secrets - https://www.amazon.com/dp/B088GKF2TM Richer Living - https://www.amazon.com/dp/1695676815 Wake Up -  https://www.amazon.com/dp/1694989585 Millsway.com and Live4.Club Click here for some Side Income and Part-time Business Ideas
17:59
September 8, 2021
August 2021 Financial and Goals Results
Become a Paid Subscriber to Live 4 Podcast Hope everyone had a fun August because that is what life is about right? The Mills Family had an exciting month for our family and business. Even though my golf game got rained out a few times due to the bad storms we had we still got some golf in. I normally play or practice golf almost every day that it isn’t pouring down rain. Here in Arizona, we normally only get rain about 30 days a year so I get a lot of golf in. Poor Darlene has been working pretty much 7 days a week. Her company like most other companies are short of help so her and her employees have been working every day. I don’t think she had a day off in August. She does have a short trip planned in October so hopefully she can get off work for it. Another reason to hit our FIRE goals so she can totally retire. Seth is back in school and is having his best year so far since fifth grade. I know it has only been a month so far but he likes his classes and teachers. He doesn’t want to miss a day of school this year he says. He really enjoys his Welding Class. He talks mostly about it. Maybe that will be a new career path for him. Hopefully he will do that in the Navy someday. Navy boot camp is now only five months away for Logan. I think he is getting a little more prepared for it but still has a way to go. He is changing his hours at work this month so he said he will have more time to focus on his navy Bootcamp prep work. Hope his applies himself. His choice and he has to live with the consequences of not being prepared or in shape. This month we worked more on MillsWay and Live4 Podcast. On our Podcast we went to a subscription plan. So, to listen to the details of our monthly results a person would need to be a subscriber to our Podcast. It is only $1.99 per month. If a person can’t afford that they really need to hire me as a Financial Coach and they can not afford to subscribe to the Podcast. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Listen to the whole podcast today Check out all my Published books on Amazon.com. Here are a few of them: Money Secrets - https://www.amazon.com/dp/B088GKF2TM Richer Living - https://www.amazon.com/dp/1695676815 Wake Up -  https://www.amazon.com/dp/1694989585 Thanks, and have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Plan for retirement with our free tools today. Net Worth - Best App for Investors Become a Paid Subscriber to Live 4 Podcast #Financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today.
24:44
September 1, 2021
More Life Lessons for our Boys
I know over the years we have family learning lessons. A lot of the lessons we had recapped and put in our book called “Money Secrets to Make You Rich”. But you are now almost 20 and 16 years old and you are going to be going out into the world with us to have family learning time with you. Please know Mom and Dad love you both a ton and we will always be here for any advice or as a sounding board for you both. It is your time now to take action for your future. We can talk about it all we can but now is your time to decide what type of life you want to have. Good Friends Remember most people are lucky to have a few truly good friends in life. I know you think your Xbox friends and School friends are your good friends but will they do the following for you in life? 1. Let you live with them if they were homeless? 2. Be your best supporter of you and your Business? 3. Help you grow and push you to be a better person? 4. Travel to see you at least once a year if you live far from each other? 5. Help you find a job if you were out of work? 6. Be there if you were really sick? 7. Be there if you need help with a big home project? 8. Be there if you are moving? These are just a few items to think about. Also, a good friend would bring up doing this thing for you without you having to ask. Remember things are all a two-way street and ask your self what kind of friend are you? Same goes for relatives, would they do the above things for you all the time. Also, not all relatives will be there for you in the above ways. My Dad was my biggest supporter until I met your mom. Become a Paid Subscriber to Live 4 Podcast As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.  Listen to the whole Podcast for all the details We hope our boys will give 100% towards any of there goals. For instance if Seth wants to make the Navy his career that he would start today eating better, working out, going for runs, going to the Navy Recruiters office to check in and see what he should be learning, joining Navy recruits group, watch You tube videos on Navy topics, practice swimming, read books on the Navy and more. Then he would be ready to go into Bootcamp at full strength and ahead of others because he prepared in advance. Become a Paid Subscriber to Live 4 Podcast If you need more help, I can help with my Coaching service. I just want to help people have less stress about their Financial Future or their Retirement plans and spend more time enjoying life. “The definition of insanity is doing the same thing over and over again, but expecting different results”. By Albert Einstein. I would also say the definition of insanity is believing you can live a financial responsible life without tracking how you are doing, having a budget and goals. I like following others who track their finances to compare our also. I enjoy helping people with their finances and goals. We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. The boys will need to maybe put off Net Flix or buying a New Video game or going to the movies until they are on the path to Financial Freedom. Love Mom and Dad Millsway.com and Live4.Club
18:35
August 27, 2021
Invest towards your Financial Freedom today for just $1.99
Become a Paid Subscriber to Live 4 Podcast Haven’t you learned so many things over the years from different people. Maybe it was a class in school or a book you read that gave you something good to help you be more successful in life or less stressed in life. My Live 4 Podcast Subscription plan is just $1.99 per month or $23.88 per year. That is like one less Big Size candy Bar a month. That’s it and it is better for your health I would guess than that Candy Bar. LOL Over the years I have been blessed to work with over 1,100 people with Debt Problems. Most of them probably never thought they would ever be able to retire. When I sold Insurance so many people also had spending problems and not prepared for Financial Freedom. A lot of them also thought they would never retire. So, I would say isn’t $1.99 per month worth the possibly of learning tips or getting some motivation to take action. You may have heard some of the things we cover on our Podcast but may have forgot them or put them in a box in your garage. Now is the time to take action and get on the road to Financial Freedom. We also talk about not only Financial Freedom tips, but ways to get Debt Free, Budgeting, Raising Kids to be Financially Independent, to Retire Early, Marriage, Relationships and more. Become a Paid Subscriber to Live 4 Podcast As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Here are some more thoughts about why to Invest just $1.99 per month towards your Financial Freedom. Listen to the whole Podcast. When I am out in public I am often talking about the subject of Financial Freedom with friends and people I meet. I like to learn from their experiences and their financial choices. There is no right or wrong way but there may be some roads that don’t have as many curves and you get to your destination faster. But ultimately it is up to you to invest your money and time to get there. You have to be the one to take action. I can talk till I am blue in my face to my kids but if they don’t want it bad enough, they won’t do it. Then they have to live with the consequences. Poor Money Management can lead to stress. Some people I have worked with over the years said some of the following; - I am afraid to answer the front door because it may be a bill collector. - I am afraid to get the mail because we may have bills in it. - I don’t know how I am going to make our house payment this month. - I don’t know how I am going to make our car payment this month. - I don’t ever see being able to retire. - I already work two jobs and we keep falling behind. The list could go on and on. I am here to try to help give you hope and ideas on possible things to try to help your situation. I will let you know what we do in our family situation and what are assets are. We live Debt free so we talk assets. Please join as a Subscriber today. Become a Paid Subscriber to Live 4 Podcast If you need more help, I can help with my Coaching service. I just want to help people have less stress about their Financial Future or their Retirement plans and spend more time enjoying life. Thanks, and have a great night.  Millsway.com and Live4.Club Plan for retirement with our free tools today. Become a Paid Subscriber to Live 4 Podcast
11:49
August 25, 2021
Being Prepared for Death
Become a Paid Subscriber: https://anchor.fm/live4/subscribe You don’t prepare for death for yourself but for your loved ones. It is hard enough when you lose a loved one why not try to do your best to make it less painful for them by being prepared for that day. I wish I could tell you that we all will get out of this world alive but we don’t so what are you going to do now for your loved ones. What ever you do can help a lot. The more you prepare and talk with your loved ones it can help even more. Just don’t worry about being perfect. I am sure all the prep work Darlene and myself do each year that some things will come up that we never thought about. We also have prepped our boys on what to do and who to call first if something weird happen and we both died at the same time. I know that is a small chance of happening but it could happen as easy as driving to the grocery store together and getting in a bad car accident. Not only having prep meetings with our boys we have covered with some of our closest friends and relatives on where our Death prep notes are and other important information. Without being prepared for Death it can not only cause your loved ones emotional pain but also it can create legal issues and can cause financial losses. So many people I talk with about their Financial Freedom planning, Retirement planning and helping them get out of debt never want to think about what happens in the case of death. Same thing when I sold Life Insurance. People would run from me when they heard I was an Insurance Agent. LOL As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Here is a rough list of things to start with your Death prep for your loved ones. I cover in this Podcast. If you need more help, I can help with my Coaching service. I just want it to be smooth as possible for Darlene after I pass away. I don’t want her to have to deal with a ton of crap, I want her to go on with life and enjoy it. That is what life is for to enjoy it. The first person I lost that was close to me was my Dad and it was so hard on me and other family members. Remember if you do not legally document what you want done with your assets after you die, the courts will decide for you. This means that an unnecessarily large portion of your assets may go towards federal and state taxes. It may also result in your assets being given to someone, you’d prefer not to give them to. So, prepare now. We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Become a Paid Subscriber: https://anchor.fm/live4/subscribe Millsway.com and Live4.Club
16:41
August 19, 2021
Government Concerns over Bitcoins and other Digital Currencies
Governments and people alike are nervous I would be because anything thing that is unknown or not normal can make people nervous. Our protective walls go up and say stuff like “That won’t Work” or “That is a Scam”. Some of my friends think I am crazy and that I should run away from Digital Currency. Think back in 1983 when people heard that someday every body would have a computer in their house. LOL I thought they were crazy. I missed out on investing early on into the future of Computers and Software. So, part of me don’t want to miss out on this possible wave. Now that Tesla and other businesses have invested in Digital Currencies that it may get more and more part of our normal way of life. Who knows maybe someday there will only be Digital Currency? Who would have ever thought we would carry around a phone and have more power than a personal computer did back in 1983? We are in our early Retirement years we may not see the full roll out of Digital Currency in our lifetime. But it has been amazing the massive growth it has had. But of course, it has had some massive Dips in value also just like Stocks or Real Estate can have. Digital Currency Investing may not be for someone who is totally into Stocks or Real Estate. But think if you owned Real Estate rental properties or sold properties and you were able to be one of the few that currently would accept Digital Currency as payment. Wouldn’t that set you apart from others? I think it would. After I said that I am thinking I may be onto another business venture myself with this idea. Mark Cuban, I heard owns Digital Currency and someone said that he thought of it as the future and if he would start a new business it would have Digital Currency around it or in it. If you go use my favorite tool called Google you will see some of the Digital Currency, he is invested in. Governments around the world are probably all scrambling trying to figure out how to handle this new Digital Currency world that is becoming more of a household name. I know for myself I have now had two tax returns that I had to show my Digital Currency transactions and net gain or net loss. In the United States the IRS have it figured out it seems. Taxes can be a little more confusing with government requirements. My Accountant said I needed to get all of my info together for Digital Currency and put it on the IRS forms. I found Koinly.io and it made it easy for me. It did cost me $100 but well worth it. Check them out and save $20 discount. Just click here at https://koinly.io?via=0ACA8E2D As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club
18:12
March 25, 2021
Bitcoin Scams to Beware of
We seem to live in the world of scams now a days. There was probably many scams back when I was a kid but now that I have kids they seem to be coming out of the woodwork. We just try to prepare our kids of possible scams so they may not lose money in the future due to a scam. Scammers if they would use their skills for good they could probably make a good living. I have friends that have been scammed by repairman scam, e-mail scams to fake girlfriend from Russia. Some scammers make it look so real so they are hard to tell at times that they are really a scam. Now we are at a time of Bitcoins and other Digital Currencies I bet we will see more scams in the future. Today let me give you a few things to think about when dealing with Bitcoins or Digital Currency so you may have a better chance of not being scammed. I bet there are a ton of scams out there and that is why we teach our boys to research into things before they invest in them. I also included a link in the show notes of the info from the Federal Trade Commision where I got some information on Bitcoin scams. Bottom Line is to Beware of Bitcoin Scams Since it was introduced, Bitcoin has continued to rise exponentially beyond what enthusiasts predicted at that time. As much as it is highly volatile and unpredictable, it is fast becoming a globally-adopted digital currency, and unlike normal currencies, there are no central authorities overseeing Bitcoin transactions. Once a Bitcoin transaction has been carried out, it cannot be reversed or recovered which makes it a huge focus for fraudsters. There are still so many unknowns for us about Digital Currency. I know that Darlene isn’t excited about them but our boys see it as the future. I feel it could be mainstream someday but maybe not in my lifetime. We are an Angel Investor in a Credit Card company that used Bitcoins to convert to Money so you can buy purchases with it. Time will tell if our Investment was a good on or a wasted one. We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway Sources and Resources from Podcast (Available in Show Notes) 1. https://www.consumer.ftc.gov/blog/2019/11/scams-telling-you-pay-bitcoin-rise
17:35
March 18, 2021
What is a Bitcoin Cryptocurrency
Bitcoins have been talked about a lot in the news and online. Some people are scared about it and some people are excited about it. One of my friends called it in nice terms a very risky investment. Myself I could see it being a mainstream currency. I actually invested in a Credit Card company that deals with Bitcoins. My boys are more open to Digital Currency than the guys I golf with. An example of Bitcoins becoming more stream line is a good article by Steve Kovach from CNBC back on 2/8/21. He wrote “Tesla also said it will start accepting payments in bitcoin in exchange for its products “subject to applicable laws and initially on a limited basis.” That would make Tesla the first major automaker to do so. The $1.5 billion worth of bitcoin will give Tesla liquidity in the cryptocurrency once it starts accepting it for payments. Tesla’s move into bitcoin represents an investment of a significant percentage of its cash in the investment. The company had more than $19 billion in cash and cash equivalents on hand at the end of 2020, according to its most recent filing.” Link to the full article is located in the show notes of my podcast and below. My wife doesn’t seem very excited about Bitcoins or any other form of Digital Currency. So, I am trying to learn more and more about the subject so we can decide how much we want to Invest into it. Plus, we want to be more informed on Digital Currency to help educate our boys about them so they can make informed Investing decisions in the future. The money we have in Digital Currency so far is money we earned from watching some short videos and took a quiz afterwards. So, we have house money so far invested in Digital Currency. The Bitcoins I had years ago was not with Coinbase and I can’t yet find the passcodes to get them. It is probably a pipe dream that I will ever find the passcodes. If I do then we are going on a long vacation. LOL Other than Politics’ very few things divide opinion across the globe as Bitcoin does. That’s mainly because only a small percentage of the population truly understands what it is. Some view it as an item that can only be utilized by the tech-savvy, while others believe it's used for the wrong purposes. But, in fact, Bitcoin is just a virtual currency that creates anonymity. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Sources and Resources from Podcast (Available in Show Notes) 1. https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html
17:04
March 11, 2021
Earn Bitcoins at these Sites
Bitcoins have been in the news big time over the last few years and stories of how people got super rich. I do have to say that I once had a lot of Bitcoins that I had earned back over ten years ago. I didn’t take it serious and forgot about them. There codes are on an old computer that is no longer around. Also, I have not been able to log into my old email account. Ughhh I could be worth many millions of dollars easily by my memory of how many coins I had. Now I use Coinbase to store my coins I have. Most people only know about Bitcoins but there are a lot of different Digital Currencies that are available to buy or sell. Today I want to talk about sites that claim you can earn free Bitcoins fast. My disclaimer is that I have not found any special site that has worked for me but Coinbase to earn any free Digital Currency coins. What is Bitcoin? Bitcoin is a payment system that was introduced in 2009 by Satoshi Nakamoto as an open source payment system. It is a digital currency that is used mostly for online transactions. Since it was introduced, it has grown expediently. You might think that a highly valued cryptocurrency like bitcoin could only be gotten through trading, investment or using it as a means of payment for service rendered, but bitcoin can also be earned. If you are not one to take risks, but you are interested in earning bitcoin freely, we have selected the top 3 best sites where you can earn bitcoin without investing anything. All that is required to redeem your bitcoin is to open a bitcoin wallet into which your earnings will be paid. Each of these sites is what is called a Bitcoin faucet. A Bitcoin faucet is a website that gives slight sums of Bitcoins to users who place ads on their website. To learn all the details about this way of earning Bitcoins fast they say, The first three listed below is some that I have read about but don’t know if they really work like they say they do. Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
18:19
March 4, 2021
Will our Boys Take Action or Not towards their Financial Freedom
Our boys are good boys and we are very proud of them and love them to death. But they still worry me that they may not be Financially Free in the future because of their lack of Action towards Money and Education. Like is hard and even harder if you don’t have money. We constantanly tell them they need to live with the Consequences of their Choices they make. In Robert Kiyosaki book called “Retire Young Retire Rich” he said that “Alan Greenspan, chairman of the Federal Reserve Board, recently said on television, “We need to start teaching financial literacy in our schools” We need to start teaching our kids to take care of themselves financially, rather than teaching them to expect the government or company they work for to take care of them after they retire.” Robert wrote “The Leverage of Your Actions. There is an overused story about three birds sitting on a fence. The question is, “If two birds decide to fly away, how many birds are left?” The answer is, “Three birds are left.” The lesson is, just because you decide to do something does not mean you will do what you decide to do. In the real world less than 5 percent of the U.S. population is rich because 95 percent of the population may want to be rich but only 5 percent takes any action.” We hope our boys will be the 5% that take action towards their Financial Freedom Goals and their Education. But currently they are sitting back thinking others will come to them and teach them. They think they just need to know the basics to get by in life. They are not showing any extra drive to be that 5%. For instance, our oldest Son that dropped out of the Navy signed up for College and we pushed him hard to get a job and sign up for College. Currently at his job he just does the basics and not trying to add value to himself by learning more about the company. He started his schooling but is only in class for one to two hours a day and doesn’t try to learning stuff on his own. He says that school will teach him all he needs to know. So, his free time is spent playing Xbox or on the phone with his girlfriend. We told him starting in October he has to start paying Rent so he better start taking some Action in his life to be more productive. Our youngest one seems to be following in his brother’s foot steps also. He is on his Xbox or phone most of his free time. He does the basics he needs to do to just get by in High School and isn’t trying to study and get good grades. We have given him tons of ways to make money around the neighborhood or on-line but he chooses to ignore them and just keep getting by. Consequences both boys could face is being in that 95% of the population that just gets by. The 95% that gets by probably have just an average income, has debt and has little saved for Retirement. They may end up working till there bodies won’t let them anymore. They have to be able to live with there choices they are making. What choices are you making towards your Financial Freedom and Education? As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Sources and Resources from Podcast (Available in Show Notes) 1. Retire Young Retire Rich Book by Robert Kiyosaki with Sharon L. Liechter CPA. Xviii page xix
18:39
February 25, 2021
Frugal like a Billionaire
We like to point out to the boys all the time the people that are rich and famous but yet living frugal lifestyles. Our boys like to put these youtubers to Tik Tok kids up on a pedestal because they drive fancy cars and live in these big houses. They watch videos of these people throwing money away to friends and family like its water. We try to bring up to them what would happen to these people if it is real life if You Tube or Tik Tok would quit paying them. I tell the boys there is nothing wrong with living frugal and not wasting their money. There are so many people that have Millions of dollars that don’t look like it. They don’t have fancy cars, they don’t take fancy trips, they don’t wear Rolex watches, they were simple clothes and live-in simple houses. Some people want to dream higher than a Millionaire to a Billionaire and they want to live like a Billionaire before they put in the work and became a Billionaire. I feel most Billionaire know how to live frugal and most probably did before their business took off. Some kept some of those habits even after becoming a billionaire. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. For instance, let’s talk about some Billionaires and their frugal habits and pasts. Listen to my Podcast in full. If Social Security isn’t around in 15 years, we may get really Frugal to get by but by then we hope both boys are out on their own. Then if we need too, we could always rent out their rooms for extra money if Social Security was not around. We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals. They need to live somewhat with a frugal mindset and spend less than they make so they can Invest towards their Financial Freedom goals. Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
14:56
February 18, 2021
Valentines Day Fun that you won't regret the next day
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Our boys both have girlfriends this Valentines Day and they are trying to think of what they could do with the little bit of cash they have. This is a common thing for a lot of people. Some people let their heart do the thinking and not their Financial Freedom Mind which gets them in trouble after Valentine’s day. We all want to show our significant others, family and friends how much we love them, but we don’t have to go into the Poor house doing it. My Dad was a great example of this. My parents time together was a dream love story. They had what most people are looking for. They loved each other so much but had little money to spend showing their love. They didn’t believe in Debt or Credit Cards so if they didn’t have the money in their Checking Accounts or pockets then they find another way to celebrate Valentine’s day. My Mom never worked because she was handicap so she showed her love to dad in simple ways from the following; - She would cook him his favorite things he like to eat. Dad could never have enough of Mom’s cooking. I am blessed that Darlene is such a good cook and loves to cook also. - She would write him notes on how much he meant to her. - She was the queen at buying cards also. My Dad should have bought stock in Hallmark. LOL, we like the dollar cards for us and write our own personal notes in them. My Dad showed his love in many ways that didn’t cost a lot of money. I don’t remember my Mom ever not feeling loved at Valentines day from my Dad. Here are some of the ways my Dad showed my Mom that he loved her: - Dad would get my Mom a card also and write a special note in it. My dad was a quiet and shy so when he spoke it meant a lot to who he was talking with. - My mom was hard to shop for so he would take her to the malls and let her browse the stores. She would get something on sale once in a while and it made her feel good and loved. - My dad was present in the moment with my mom. He wasn’t on his cell phone or distracted. He gave her good quality time. - My dad would take my mom square dancing and always take her to the bowling alley to watch his bowl with the guys. He took her everywhere. - He would hold my moms’ hand and kiss her a lot. He told her often how much he loved her and how beautiful she was. Of course, everyday can be Valentines day in your relationship but if you don’t stay with in your budget then it may take you longer to hit your Financial Freedom Goals. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. - Listen to the whole Podcast for all the details. Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
12:35
February 11, 2021
Another Reason Why to Wait for taking out Social Security
The more questions we ask the more we learn about Social Security to help us with our Retirement Projections. My Dad and myself got talking about what happens when once spouse dies how much the other spouse gets then from Social Security for monthly payments if they are both retired. We hope we never will need Social Security to get by on but it looks like for our situation that it will be part of the money we will need to keep our current lifestyle. We hope to live long healthy lives so we will be able to keep golfing and traveling when we both are retired. My Dad thought the living spouse got the whole Social Security amount each month of the spouse that died and I was thinking it was half of what the spouse was getting. So, I called Social Security Office and was put on hold for over 30 minutes. Ughhhh Once someone came on the line, I asked them what happens when one spouse dies and you both are retired. She said the living spouse gets what ever spouses monthly check amount was the highest. So that confirmed with me that we were making the right decision for us to wait till I am age 70 to start Social Security. We still are deciding on what age Darlene will take hers. We will keep reviewing our Retirement Projection each year to decide what is best for our situation. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Let’s also review how Social Security is figured before talking more about why we like waiting till age 70 to start my Social Security. Listen to the whole Podcast for the whole episode. We teach the boys to live debt free and especially at Retirement time. We want them to work with a Financial Planner if they don’t feel they have the education to take care of their Retirement Funds. We really hope they will consistently keep educating themselves on Personal Finances and Investing. We want to give our boys the best chance to have their money last them thru their retirement years and have them reach their Financial Freedom goals.. What age did you start taking Social Security? If you haven’t started yet then what age do you plan on starting at? Why did you choose that age? Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Sources and Resources from Podcast (Available in Show Notes) 1. Social Security Stats from https://www.ssa.gov/planners/retire/1943-delay.html 2. Social Security Break-even Points https://www.cnbc.com/2018/08/13/those-social-security-break-even-calculations-can-be-misleading.html 3. Here is a link to go see your Social Security Statement - https://www.ssa.gov/myaccount/statement.html
16:39
February 4, 2021
Retirement Projections That We Do
Become a Paid Subscriber: https://anchor.fm/live4/subscribe It is a new year and we have done our Family P & L Actuals from last year. We have also done our 2021 Budget and Goals sheets together. Now is the time to update our Retirement Projection sheets with our Actuals from 2020 to see our new Retirement Projections. Since last year we decided on the year 2030 for Darlene to retire at. That is the year that I can go on Medicare Insurance so we would just need to buy Health Insurance for Darlene for about 11 years. We are projecting that it will cost us roughly $500 per month or $6,000 per year for her Health Insurance when she retires. If she decided to work part-time for Insurance, she would have to average over 20 hours per week. Right now, she is feeling like being totally retired at age 54 so that is what we are planning on when doing our projections. We have done Retirement projections with us starting Social Security at age 67 and others at age 70. We will keep doing both projections up to the date we need to start Social Security to decide which way we are going. Some things that can factor on when we start taking out Social Security is the following; - How are Investments do for us for the next 12 years. - When the kids move out of our house and we aren’t supporting them in anyway. - When Darlene decides to fully Retire or if she decides to work for a while part-time for Insurance. - How are Health is. We wish we had a crystal ball to tell us a perfect time to start Social Security but we don’t. We are going to go with what are projections are showing us when we are closer to the date. Our current projections are showing us currently that we should start at age 67. But I still would love not to ever have to count on Social Security. My goal would be to wait till age 70 to start. The tough part is most guys in my family on both sides of my parents don’t live past age 80. Only my Grampa actually did that I know of. We are projecting that I live to age 90. I hope to live to see the 100’s in my pipe dream. But I would want my health also and not just be able to lay in a bed when I am old. We try to take care of ourselves now so we can live long lives. More on the entire Podcast or at MillsWay.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club
17:28
January 28, 2021
Fix or Sell your Car
Recently we took our car in for an Oil Change and the Store Manager came out to the sitting area and gave me a long list of repairs the car needs. It was over $3,600. I said to him that the cars value isn’t much over that. When the shock wore off, I told him I was going to hold off for now. When I got home and started looking up Used Cars that had less miles than my car did it looked like I would need to spend over $15,000 easy to get the same model car but maybe 8 years newer and maybe 80,000 less miles. Then Darlene came home from work and we talked it out. We decided to take the car to our normal mechanic for a second opinion to see what they said. We told them that we like the car because it looks nice and runs really well. He said it is a nice car and has a good motor in it. He was in favor of fixing the car if we were going to hold on to it for the next few years. He brought up that all cars need maintained and why buy someone else’s problems. He said most cars start needing some work done to them around 70,000 miles. So, I may end up still having car repairs even if I bought a newer car. Besides that, I would have the cost of the newer car plus higher Car Tabs and higher Car Insurance. Darlene and myself decided for us and our situation that it was best to hold on to our car and do the maintaince on it that it needed. I am for fixing the car also because I am not a fan of the car shopping process. A friend of mine once said he would rather go to the Dentist then go car shopping. I am not a fan of Dentist either and probably enjoy some of the hunt and numbers of car shopping. - More Details during Podcast. We also cover with the boys how to maintain their vehicles so they last longer and hopefully it will save them less future car shopping trips in the future. LOL, we do plan on buying Darlene a new Van once her Van hits around 125,000 miles since we drive it a lot back to see family. We still have two or three years till we go car shopping again. We plan on holding on to our Car for life if we can since we don’t drive it often. We hope everyone hits their Financial Freedom Goals from our family – The Mills Family. Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Sources and Resources from Podcast (Available in Show Notes) Spend Smart Book      by Bill Keenan The      Millionaire Next Door Book by Thomas J Stanley, Ph.D. and William D.      Danko, Ph.D. The Do’s and Don’t      of Money Book by Suze Orman
17:24
January 21, 2021
Kids or Retirement
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Especially our Dads because they came from farming families and that seemed to be the thing to do. Have a lot of kids and they can help on the farm. Now a days with the high cost of living or the high living lifestyles that so many people have it is hard to have large families. Some people have one or two kids and others choose not to have any kids and have a pet. Nothing wrong with having a pet instead of kids if your financial situation or lifestyle doesn’t fit for having a kid. For instance, I always had Labs. They were the best dogs for us. For instance, Labs were always happy to see you where kids ages 12 to 22 aren’t always excited to see their parents. My dogs cost less money per year than our kids did. Both Kids and Dogs need to be potty trained but Dogs seem to learn faster. My Labs were protective and good guard Dogs where a lot of time our Teenagers are in their rooms playing Video Games. Our Labs we would be with us most of the time when we are home and Teenagers we hardly see. Our Labs didn’t complain and want stuff like our Teenagers do. Labs don’t take long showers or stay in the bathroom for an hour like a Teenager. You have no car expenses or clothing expense each year for a Dog either. The list could go on. Kids are great don’t get me wrong. I love our 4 kids. But there are times they drive me nuts. Kids are most loveable from around age 2 to age 12. They say kids come back after they are in their twenties. I have not seen that from my two older kids but with the Divorce from my first wife she bought their love and brained washed them. Hopefully they will come around someday and meet their brothers, step Mother and be apart of our family. If they don’t then it is there loss. I know our boys want to get to know them. Plus, Darlene would love to have another girl in the house. Maybe also our boys will get married someday and then we can have more girls in the house. LOL We teach our boys to have Financial Planning meetings with their future spouse and after they are married about their Financial Freedom goals, plans, budgets, desires and more. I have worked with couples in the past that didn’t have these talks until it was too late because it was uncomfortable. Then most of them was at a point of no return. Money is one of the major reasons for Divorce. We taught them that they should also go to a Church for Pre-Marital Classes. If they have a problem talking about money issues then to find a third person that they both trust to talk with them. It could be a Financial Planner, Accountant, Lawyer or a Financial Coach like myself. Remember this show is for entertainment only and you should seek advice from your Financial team if you have any questions on Investing. See my Disclaimer on MillsWay.com. I want to help you prepare for an unexpected bill so you don’t go into debt paying on a bill. I want everyone to live Debt Free and reach their Financial Freedom goals. The people that can’t talk about Money or plan for their future then they would be a great candidate to have a dog. Besides Money there are so many things to discuss before getting married to make sure each of them knows the others desires and what they think being married should be like. Become a Paid Subscriber: https://anchor.fm/live4/subscribe Patreon.com/Millsway or Paypal.me/Millsway https://www.patreon.com/millsway Millsway.com
17:57
January 14, 2021
Things Happen like COVID-19
Hope you had a fun New Year’s Eve and New Years Day. I am excited that it is 2021 and all the new opportunities we have this year. It would be hard for 2021 not to be way better than 2020. As many people know a lot of things can happen to a family in a short period of time. Last year we saw COVID-19 mess up peoples lives in so many ways. For instance, some businesses had to shut down and some never reopened. Which caused a lot of people to lose their jobs and probably their only source of income to pay their bills. If they didn’t have an Emergency Fund then they are probably behind on their bills. Some people that got COVID-19 had to be hospitalized and I am sure that ran them up some big hospital bills. I know my four hours in a hospital was expensive for us. Until the COVID-19 Vaccine is available to everyone I am sure more people will be hit with large hospital bills in 2021. I don’t want to scare people about COVID-19 because I am talking about it. I am not a Medical Doctor or giving any Medical Advice to you. But it is a big Thing that is in the news and our world last year and will be this year probably. Seems like a lot of people have different views on it. The ones that are really afraid of getting it probably needs to find a way to never leave their house or have anyone ever over. We don’t live that way and most of our friends don’t live that way. Some do and we just don’t see them. Such a small percentage of people live this way. I love the guys I golf with; they shared a bottle of Brandy the other day and shake hands. They are older than I am and have seen a lot of things over the years that was supposed to be dangerous to their lives. They choose to enjoy each day they are above ground. I am in that boat also. I have out lived my friends and cousins so far and not going to quit living due to COVID-19. I say leave Businesses open and let people choose to go shop them or not. We just think it is funny how many cars are on the road. Darlene works in a Grocery store and they are busy with customers. We go to other retail shops and there parking lots are jammed full. Yet some people act like don’t get by me when you are shopping. I say they should just lock themselves up in their house and do home delivery then. They should just never live the house. They made the choice to go to the store, I didn’t for them. Many people do not have enough money in their bank accounts to pay for a $1,000 car repair bill. I have worked with and talked with so many people that had less than $100 in their checking and savings account. Many had no retirement savings either. I have heard that one out of four people have no emergency savings fund. We believe in having an Emergency fund for our family. We teach our boys to have at least six months of their total expenses in a savings account. We like to use a Brokerage Account for our Emergency Funds and we invest it in Stocks, Mutual Funds and EFTs. We know if we have to liquidate some funds to pay off an unexpected bill, we could with in about seven days at the most. Remember this show is for entertainment only and you should seek advice from your Financial team if you have any questions on Investing. See my Disclaimer on MillsWay.com. I want to help you prepare for an unexpected bill so you don’t go into debt paying on a bill. I want everyone to live Debt Free and reach their Financial Freedom goals. Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Millsway.com and Live4.Club
17:46
January 7, 2021
Budget and Goals Time
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Happy New Years Eve! Yea, 2020 is over and in the books tomorrow. 2020 is a year that we will all want to forget. I am optimistic that 2021 is going to be better by a mile. I don’t see how it could have been any worse. In 2020 we lost my Mom to COVID-19 and other health issues. We lost our Sister Audrey who was only 41 years old. We had to wear Masks and many businesses were closed up at times or had restrictions. Then on top of that our boys missed out on Home Coming, Prom, a formal Graduation and had to do school on-line at times. What a crazy year. So, 2021 has to be better right? Now is the time to review your 2021 Budgets and Goals for you and your family. We do actuals each month of our expenses and then do a rolling recap for the year. Darlene and myself review our past years expenses when we are doing our next year’s Budgets and Goals. Things that we didn’t Budget for in 2020 that came up was some Medical Issues we had that we didn’t plan on. They were over $6,200. We put in a Shed for our folks which was over $8,300 that we didn’t Budget for. Then we had some major Car repairs that were over $4,500 that we didn’t plan on. Then we had Funeral Expenses that we split with my Sister for our Mom and we Published a New Book this year. We had $22,000 of expenses that came up in 2020 that we didn’t plan for this year. That can happen each year and that is why we keep any Emergency Fund to help our in these crazy years. Most years we can come in below our Budget or just barely over but not in 2020. Our family keeps our Budget, Gift giving breakout and Yearly Goals posted in our Bedroom so we can see it easily everyday to help keep us on track towards our goals. Besides doing our end of the month recaps and then having a meeting to cover them. Our 2020 Goals was messed up big time with COVID-19 and all the crazy things that came up. We hit some goals but others we didn’t. Due to COVID our goals we had for our Disney Cruise was not hit because they canceled the trip. We had goals for taking the boys to special events and that didn’t happen. Then we had goals for taking the boys to movies that didn’t happen. It wasn’t all doom and gloom for our 2020 goals, we did hit a few of them. I don’t think we ever had a year that we hit every goal anyway. Things come up. Remember my disclaimer on millsway.com. I am not giving any legal, medical or financial advice. This podcast and blog are just for entertainment. This new year our family goals is about the same as 2020 except for less trips planned and lower expenses. We revised our Budget for 2021 with less expenses since Logan Graduated and having less Vacations planned. We have a Budget for our family Expenses of $50,000. Let’s hope we can come in under that. Having a personal budget is like work. The place you work needs to spend less on expenses than they bring in for income. That is no different than your own personal budget. It is simple Math. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Millsway.com
15:27
December 31, 2020
Gratitude this Holiday Season
Christmas is tomorrow and then we start a new year in just seven days. Are you looking forward to the holidays or are you feeling down? This time of Year, can be hard for people depending on what their situation is and what has happened in their world in the past. For myself when I am watching Christmas and Holiday shows on TV it can get me down really easy in the past. Even today there is times that it can get me thinking of the past but now I have some ways to help me get to a better mood. We all have past experiences that can affect us in a good way or a negative way depending on how we look at it. I know there was some Holidays in the past that wasn’t a lot of fun for me because I couldn’t get myself seeing the good things in my life. Two big events in my past was my Divorce and then when my Dad died. Then I met Devin Hastings years ago and he taught me about the Mind and how to use a Positive Score Card. He taught me NLP and Hypnosis Classes for a few years. His classes where amazing and I learned a lot about the power of our Minds. This last year has been challenging for everyone from the roller coaster of the stock market to uncertainty of jobs being around with the disruption of businesses. Some people had challenges on home schooling to finding day care for their kids when the schools went to home schooling. I’m sure people around the world felt all sorts of feelings this year. I would bet that depression and anxiety rates are at a all time high. Friends of mine had different things that were bothering them about 2020 from having to wear a Mask to not being able to go to their favorite restaurant. Before we wrap this up some other ways people show Gratitude is, they will pray or meditate. I have done both in the past but for me reading my Positive Score Card and Positive Quotes helps me the best. We hope everyone has a safe, fun and happy Christmas and New Years from our family – The Mills Family. This is our Christmas Card to you. LOL Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.comor Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
14:27
December 24, 2020
Christmas Spending 2020
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Christmas is definitely our favorite Holiday Season. Darlene and myself start decorating the day after Halloween. We like to buy some new Christmas decorations each year. This is our best Christmas this year since we have our Mom and Dad spending it with us. They will be here with us for four months and we are so excited to have them here. Since the boys don’t spend much time with us. Logan didn’t go into the Navy like he had planned on so we will get to enjoy the Christmas holiday with him and Seth this year. The more the marrier. 2020 has been an ugly year after my Mom passed away and our Sister Audrey passed away just two months ago. ughhh Remember - As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. So, let’s talk about Christmas or Holiday Season spending. I saw that Investopedia said $998 is the average amount that consumers expect to spend on winter holidays in 2020. That is down $50 from 2019. Probably due to COVID-19 and people not getting out to the malls shopping. 2021 can’t come fast enough and come on vaccine. I don’t know your views on taking the vaccine but for myself I will be first in line once it is available to us. I always get a FLU shot each year also. COVID-19 has affected everyone in one way or another. For us we have become experts at online shopping. LOL The $998 they said covers gifts, food and decorations. Of course, your numbers may be smaller or higher depending on your own personal budget or family size. Welcome back, let’s talk about what we are looking at spending this Christmas and Holiday season; - $800 on Christmas Gifts. Which is over our budget by $425. We got shopping happy. LOL - $175 on Christmas Decorations. We like to add to our Christmas Decorations each year. This year we about some more outside lights and wall décor for inside our house. - $350 on Christmas and New Years foods and drinks. We want to go all out this year with Mom and Dad here and both boys still with us. - Total $1,325 of Christmas and Holiday spending for our family. We are over the $998 average that Investopedia said for consumers in 2020. But we want to be above average in everything we do. LOL Some more changes we are doing this year due to COVID-19 is we aren’t going to the Mall has often. Also, we aren’t giving out Christmas Cookie trays to neighbors or friends this year. We haven’t drove around looking at Christmas lights like we have in past years either. So sad… Become a Paid Subscriber: https://anchor.fm/live4/subscribe We hope everyone has a safe, fun and happy Christmas and New Years from our family – The Mills Family. This is our Christmas Card to you. LOL Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club
11:29
December 17, 2020
Stocks - Should We Hold or Should We Sell
There are a lot of different philosophies on the subject of if you should stay in the market through the up and down times or not. Some of my friends say they get out when it is high and then buy when it is low. They swear they make a ton of money doing it that way. Yet, I don’t have a crystal ball on when the Stock Market is at around the top and not going any higher. I would have felt bad jumping out of the Stock Market when it was even at 20,000 and then waiting for a crash. I would be missing out on all these dividends and growth we have been receiving. I have been to classes and heard from many other people that was against trying to time the market and they showed examples of why not to try jumping in and out. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. The mental part of Investing is a challenge and with all the news that hits us constantly from our TV’s, Radio Stations, News Paper to Social Media posts we are smothered by good or bad news on the stock market and opinions. We teach the boys to hold strong to their beliefs and ride out the stock markets roller coaster. To hold on to their stocks and not to try to time the market. They think it is boring to just hold on to their stocks and not trade them. I hope the older they get they will realize that holding is the way and yes it can be boring to some. To also have the money they have in Stocks, Real Estate or Businesses. Not to be sitting around not working for them. Of course, we want them to keep building on their Financial and Investing education each year and work with their Financial Team to make the best choices possible towards their Financial Freedom goals. We want them to learn how to make the best educated choice when picking a stock. They should feel that stock is a solid company and will be around through their retirement years. The boys are human and the stocks they own go up and down. So often they will say “If I had only sold it before it dropped”. Each time I remind them that they are in for the long run and they have probably at least forty more years till they retire. With AI technology coming into play who knows what the world of Investing will look like in the next forty years for our kids. I feel AI is the future for sure. For all the Details listen to the full Podcast Show. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Sources and Resources from Podcast (Available in Show Notes) 1, Tony Robbins Book called “Unshakeable” https://paulminors.com/blog/unshakeable-tony-robbins-book-summary-pdf/
11:41
December 10, 2020
Financial Planner Costs and Questions to Ask
We have taught our boys to shop around for the best Financial Planner that they like. We have told them to do research on different Financial Planners from what they charge and more. We want them to feel good about who they work with and are able to talk with them comfortably. If they do choose one to work with, we prefer Free of course or if they do pay, then to pay a fixed cost. I have talked to people that pay a percentage of their holding to a Financial Planner. Some paid from around $5,000 to $20,000 a year. Ouch. Six years ago, when we had someone want to be our Financial Planner it would have cost us over $6,000 a year. Think if we paid that each year for twenty years for a total of $120,000. Would we have maid more than if we did it ourselves or not. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Basically, there are four fees the boys could pay for a financial planner or advisor; - Free – I like this option the best. - Flat Fee – Could range from $500 to $3,500. - Percentage of your Portfolio – For them to manage your investments monthly. Charges could range from .80% to 2% of your money they are managing for you. - Hourly Fee – This isn’t a bad option if you just want to see them once or twice to help you with advice. They could also help you create a financial plan. Cost could run $75 to $400 an hour. Of the four above options I still like the Free option with our current situation. Maybe for the boys one of the other options will work better for them. I know they could benefit from working with a Certified Financial Planner and if it is in their budget it could be a good investment. Finding a Certified Financial Planner that you may like to work with can be more of a challenge. At least if they are Certified Financial Planner then you know they took the classes and received the training to provide good advice. For more details listen to the whole Podcast If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
12:54
December 3, 2020
Consulting with your Financial Team Yearly
Everyone has different situations and goals in life. Not everyone may need to have a Financial Team or if they have one maybe they don’t need to see them yearly. For instance, my Mom who has no Assets and lives in a Nursing Home doesn’t need a Financial Team. We hope though our boys will acquire a lot of Assets in their lifetime and need a Financial Team along their journey to Financial Freedom. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We want the boys to have a Financial Team to help them make sure they made educated choices towards their finances and that they are protected along the way. Having a Financial Team is important, but to always keep a good relationship with them along the way and to keep in touch with them. For us we like to keep in touch yearly in one way or another. Once we have more Assets, we may need to see them more often. Having a Financial Team can be expensive since they are professionals and may charge a lot for their time. Darlene and myself want to control our expenses so when we are working with one of our members of our Financial Team we are prepared and keep things on track to limit the time we spend with them. Since some of them charge by the hour and some by the project. Some people may spend a lot on their Financial Team but we keep ours pretty low cost. Except for our Accountant we just changed this last year and they charge more than our last Accountant. Our last one retired so we were forced to change after twenty years with him. It was hard change for me, almost like a death in the family. We took along time looking for a new Accountant. Once that we could trust and afford within our budget. Nice thing about having a good Financial team that you can trust is that they can help you put together your Financial Freedom goals and plans to achieve them. As we know life happens and changes need to be made so it is good to keep in touch with them yearly at least. It will help with the relationship you build with them also. Listen to the whole Podcast for all the details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
11:48
November 23, 2020
Plans Change and It's OK
Become a Paid Subscriber: https://anchor.fm/live4/subscribe We teach the boys that it is OK to change their Financial Goals plan along the way. That things will come up and goals or plans will change and to accept the change. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. For example, if they are single and make up their Financial Freedom goals and plans there are many changes that could come into play during their lifetime that can change their plans and goals drastically. Here are some examples that could come up for our boys; - They could get married. Then they would come up with new plans and goals that work for the two of them. - They could have kids of their own. Then they would have a huge change in their lifestyle and budget which could affect their plans and goals. - They may have a large Medical Expense. Think if you had a large out of pocket bill of $50,000 and how that could affect your plans. - They could encounter Job loss. Some people it takes over 12 months to find a new job. A person could burn through a lot of savings until they get a new job. - They could encounter some major home repairs. Homes are expensive and repairs can add up. New Heating and Air Condition unit could run $5,000 to $10,000 depending on the size or a new Roof could run $10,000 to $20,000 depending on the size and type of your roof. Plus, things wear out around your house and need replaced. For instance, to have a Water Heater replaced with installation can run around $1,000. We factor in projected costs of home ownership into our plans. The list could go on and on of things that could come up and alter their original plans and goals towards Financial Freedom. It could take them longer to hit their goals and they would need to accept the new time lines. The choice is always there depending on what they encounter on if they try to increase their income coming in or to reduce other expenses to cover the new ones. The other choice is it could take them longer to hit their Financial Freedom goals. It will be what ever they choose to do.. Listen to the whole Podcast for all the details. . If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Become a Paid Subscriber: https://anchor.fm/live4/subscribe Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
09:02
November 19, 2020
Factoring Inflation in our Retirement Projections
Most people that work at a job hopes to get a pay raise each year. Some employees want them more than once a year. Wages is one of the largest expenses they have to run their business. If you own a business then you know if you want to stay in business then you need to show a profit. If wages go up then you need to find a way to cover that expense. Most businesses raise the prices to cover the cost. This starts at the Manufacturing level to the Retail level. Each business needs to pass on the costs of operating so they maintain their profit margins to stay in business. There is such a push to get the minimum wage up. In some states they are pushing to get it up to as high as $15 per hour. With the Federal Minimum rate at $7.25 per hour. Here in Arizona in 2020 we are sitting at $11.00 an hour. The Federal Minimum wage rate in 1955 was 75 cents per hour. In 1975 it was $2.10 per hour and in 2015 it was $7.25 per hour. The link to this is in the below show notes. As you can see it has gone up quite a bit over the years so no wonder prices have risen. This shows why we need to factor an Inflation rate in our Financial Freedom plans. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. U.S Bureau of labor Stats in April 2014 listed some of the below food prices back in the following times. The link is below in the show notes. Apples – 15.1 cents per pound in 1955. 34 cents a pound in 1975. We currently pay now around $1.19 per pound for the cheaper apples. For more info listen to the whole Podcast. . If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway Sources and Resources from Podcast (Available in Show Notes) 1. Prices in the past from U.S. Bureau of Labor Stats April 2014 - https://www.bls.gov/opub/mlr/2014/article/one-hundred-years-of-price-change-the-consumer-price-index-and-the-american-inflation-experience.htm 2. Inflation Caculator - https://www.usinflationcalculator.com/ 3. Past Inflation Rates by Year - https://www.thebalance.com/u-s-inflation-rate-history-by-year-and-forecast-3306093
10:01
November 12, 2020
Most Important Opinion is Yours
Bottom line with all the news and experts out there the final decision when it comes to our Personal Finances is our own. That is what we teach our boys when we are teaching them our rules to Financial Freedom. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Some people you hear on the news can say we are in a Bull Market and then the next channel they can say we are in a Bear Market. Today I read one article on-line that said the market looks solid for the next year with the solid earning reports and low unemployment. Then another article said to basically sell now that we were entering into the next recession. For a second when I was reading it, I was thinking what if they are right? Maybe I should sell everything? Being married we have two opinions in our relationship when making big decisions or strategy towards our Financial Freedom. If a person is single, they only have to worry about themselves and can make a decision by themselves. In our marriage we like to talk things out and agree on big decisions. We both have been to seminars together; we have talked with several different Financial Planners. We have studies and read a lot about Personal Finance. We don’t have a crystal ball to know what the future will be though, but we have a strategy we are going to try and stick with. So, no matter what a friend or relative tells us we should do we are going to stick with our own opinions. We listen to people and try researching things to see if maybe we should change our strategy or not. We try to not let other people or the news sway us. Darlene is really amazing at like blocking away what other people say and sticking with our plans. I think she does a better job than I do at times. We are both human and when a trusted person said that they are doing something a certain way we take the time to analyze if we should make a change or not. Most of the time we never alter from our set path. I still remember back in when the Dow Jones broke 8,000 and people said to sell now, it is going to crash. It won’t get any higher. Then I heard a lot of the same news when the Dow Jones broke 10,000. Of course, we had different events over the last 20 years that brought the market down for a while. But things rebounded. Year 2000 we had the Dot Com Crash. Years 2005 to 2010 we had the Real Estate, Auto Manufacturers and Banks effecting the down turn the Stock Market. Listen to the whole Podcast for full details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
09:31
November 5, 2020
Personal Finance Education
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Growing up we didn’t have the power of the internet to be able to learn about Personal Finance and Investing for Financial Freedom. My parents didn’t have any books around are house that had to do with Personal Finance or Investing for your future. Yes, we had a library in the town I grew up in but Personal Finance or Investing wasn’t even talked about in our house or at school. When I was with my friends we talked mostly about Cars, Sports and Girls. We didn’t ever talk about Personal Finance or Investing that I can remember. We just wanted enough money for the weekend. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We stress to our boys the importance of studying about Personal Finance and Investing the whole life. We feel that can’t read enough different books on the subjects. If they don’t like to read books then they could attend classes to seminars. There are also audio books available also to them. I am old school and like to read books but our boys like to watch videos on subjects. How times change. LOL Here are some personal finance books to start with reading after you read my books of course. LOL Remember I am not saying their way or my way is the way to the magic land of wealth. I am saying I feel we can learn from anyone. Some of them may be opposite views from other authors. We suggest to the boys to learn the most they can and make their own beliefs or strategies. If you check them out at your public library you can save some money also. Here are some books to check out besides mine; Listen To Podcast for Full Details Let me know your thoughts about this blog and let me know of others you would like me to do in the future. I feel we can all learn from each other. That is why I am in the helping people retire early, enjoy life more and be more successful. Also, please see my Disclaimer page. Don’t give up on your dreams; don’t let others talk you out of your dreams. Make your dreams happen. Make it happen today. Visit my Podcast at www.Live4.Club on Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, I-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
11:09
October 29, 2020
You Don't Have to Retire Early
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Some people say they don’t want to retire early because they enjoy what they do for work. It makes them feel good and they can’t imagine not doing it anymore. We teach the boys that they don’t have to retire early just because they may reach their Financial Freedom goals early in their life. But it is nice to have options if they choose to retire early. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. If someone decides not to completely retire early because they like to keep busy or they just like their job. Maybe they like their co-workers, helping their customers to the daily challenges of the job. People can have many options though if they want to keep busy or feel productive. Here are some ideas to think about if you reach Financial Freedom at an early age; For full details listen to the whole Podcast show. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
10:40
October 22, 2020
Pay Cash and Don't Borrow Money
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Very few people probably don’t think this is possible to do. But I am telling you that anything is possible and some people are able to do it. Our boys for sure don’t believe in it but we are working with them on it. They want everything now and not to save up for it. We teach them that they need to try to always pay cash for anything they need or want in their lives. If they don’t have the money at the time then they need to wait on buying it. They can also find ways to make more money so they can buy it sooner. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We are all faced with so much temptation everywhere we go. Almost every place has their own Credit Card also and offers special perks if you use their Credit Card when purchasing stuff. Yes, if you play the credit card game right you can make a little money or some extra savings on the stuff you want to buy. A lot of people though aren’t able to play the game and end up not paying the credit card balance off right away. They end up making the minimal payments and paying high Interest rates. That is what the credit card companies love to see. Our boys think they need that video game now and can’t wait till they save up the money. We tell them that they won’t die not getting the game until they have saved up the money for it. We don’t want them to get into a habit of buying things on credit. It is a dangerous habit we feel. The boys if they don’t have money to buy a car let’s say for an example then they have options until they have the money saved up. They could take public transportation, walk, ride their bike or see if a co-worker lives by them and maybe they can give them some gas money to ride with them. They need to know even if they just have enough money for that car to buy, they need to also save up for Insurance payments, title and registration costs, gas, oil and possible repairs in the future. Cars are expensive and they need to have enough money saved up to be prepared. We want them to stay out of debt. Listen to the full Podcast Show for more info. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
10:20
October 15, 2020
Remember Choices and Consequence's
Become a Paid Subscriber: https://anchor.fm/live4/subscribe We have talked about Choices and Consequences so much in our house that the boys will make jokes with me about it. We laugh and it does help me think about it when they say something about one of my choices. One of the jokes the boys make to me is about my food choices. The boys know one of my long-term goals is to get my BMI (Body Mass Index) under 25. So, if I am eating Ice Cream or Cookies, they will joke with me about my Choices and Consequences. I know they love me and are joking with me. But they are correct in what they are saying. If I eat have a bowl of Ice Cream or a bunch of cookies then I need to be able to live with the consequences that could happen to me if I do. For instance, I could gain more weight and be further away from my weight goal. The food could give me less energy and drive to exercise which could cause me to gain weight. If I keep gaining weight it could hurt my golf game, which would be sad. LOL But also it could hurt my wallet or finances since if I out grow my current clothes I may have to buy new clothes from belts to pants. That could affect our Financial Freedom goals in a way also. So, the poor eating choices that I may be making could hurt me in several ways. If I choose to eat those sweets then I have to be OK with living with the consequences. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We also remind them each time they leave the house to make good choices. Seth when ever he leaves the house, we for sure to remind him to make good choices. Since he is our wild child. LOL It doesn’t matter if he is going to school or to the park to play with friends, we want him to make good choices or we want him to be able to handle living with any consequences that may come about because of his actions. To hear all the details listen to the full Podcast show. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
09:42
October 8, 2020
Make Your Own Set of Financial Freedom Rules
Become a Paid Subscriber: https://anchor.fm/live4/subscribe We like to teach the boys that nothing is always black and white in our lives and there isn’t always just one way to achieve your goals that you want to achieve. Of course, we hope they follow the Mills Way to Financial Freedom rules that we have taught them over the years and what we have taught to other people around the world. We even turned the Financial Freedom rules we taught them into a book. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We raised the boys with golf in their lives besides education for success and personal finances. With golf and life, we have showed them that their can be many ways to get from Point A to Point Z. For an example of that is if the four of us go golfing. We could have four different Tee shots, like I hit it 300 yards, Seth drive short at 139 yards, Logan drives the ball to the way right about 175 yards and Darlene drives it 220 to the way left. Then we all hit our second shots up short of the green. My ball goes in the left sand trap, Logan’s is 25 feet short in the right rough, Seth hits his ball 12 feet short in the left rough and Darlene hits the ball just a foot off the green. Then we each take our third shots and we all end up on the Putting surface. We all end up two putting on the green for a bogey. Since the hole was a par 4. Isn’t it funny how four people can play the same game but play it four different ways and yet still score the same score? This happens so often when I play golf with my friends. That is why we teach our boys that it is OK if they decide to make up their own set of Family Financial Freedom Rules. We know ours worked for us but maybe the boys want to pave their own path in life. Listen to the whole Podcast Show for more details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
10:10
October 1, 2020
Emotions and Money
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Emotions can factor in many money decisions. Emotions also can come into play when Money is part of the topic in a relationship. Especially when both people in the relationship has totally different views in their mind. We teach the boys to work on keeping their cool when in a relationship and if they are single if money issues start to get their emotions out of sorts. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We teach the boys the Mills Way to Financial Freedom Action steps and rules to help them achieve their goals. We want them to know that it is OK if they want to change some of the rules or not follow them at all. It is their choice. The main thing is that they are happy and can live with their choices and consequences. If things go sour for them then we want them to accept it and learn from their choices. It isn’t the end of the world and many people have lost everything and recovered from it even stronger than before. If they are married or in a relationship Emotions can even run higher. Each of them could have been raised by different beliefs from their families and friends when it comes to money. Which can make things challenging. Listen to the full Podcast show for all the details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
13:32
September 28, 2020
Pension Qualify For
Pensions aren’t as common as they were back when my Dad was working at International Harvester. They made Farm Equipment there in Rock Island, IL. They had a Union there which my Dad was a Shop Steward for the Union. They also had a Pension and Health Care for life for Mom and Dad. Pretty good deal. I am going by what he told me I never read all the details of it. In todays world it seems like fewer and fewer companies offer a Pension plan. Companies that don’t have Pension plans normally have a 401K plan, even most small companies offer one. We teach our boys that if their company offers a pension, they need to find a way to work there long enough to qualify for it. Of course, if they just started there and it is a dead-end job then maybe it isn’t worth for them sticking it out. If the business would go out of business then that is out of their control also. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Darlene already has a lot of years in with her current company towards her Pension plan with them. It would be good for her to stick with them till she qualifies for the Pension. She is able to even work just 20 to 30 hours a week average and still get credit towards the Pension. Her Pension contract is a revised contract from earlier years so it isn’t as good but it could still help us out at retirement time. We project it could be around $6,000 per year income for life. Possibly starting for her at age 65. A lot of the guys I golfed with are retired from Pension plans also but they are in their 70’s and 80’s. I have worked for several different companies over my career and none of them offered a Pension plan. So, I am glad Darlene is able to at least get a Pension at her job. Darlene also has money invested in her 401K plan to help supplement the Pension money. Plus, we have other investments and Passive Income Streams. For more details listen to the whole Podcast. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
10:16
September 17, 2020
Retirement Withdraw Rate Plan
Many people I have talked to said one of the things they worry about is running out of money during their retirement years. I have those worries also myself. The more studies that I read about and people I talk to that withdrew 4% of their retirement funds and it worked out for them gives me a calming feeling. No one has that magical crystal ball to know what the future may bring us. Especially with our Health. We could get sick and run up a ton of medical bills. One lady I know was put in a Nursing Home and she needed a lot of Medical attention. Before she passed a way, they spent over $1,000,000 of their own money on her care. So, it can go fast as times if we get sick in our older years. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Darlene is good for me because she doesn’t worry about hardly anything. She is not worried about us running out of money in our Retirement years. She said we will be fine no matter what. I am a numbers person and want to put percentages in our favor. I don’t want to run out of money in our Retirement years. For me to feel really comfortable I would want to be at a 3% withdraw rate at retirement time. I have friends that have taken out 3% and some up to 7% and they are still doing fine. It for sure depends on each person’s situations. We printed off studies from different people to show our boys the chance of their money lasting at different withdraw rates. Of course, it depends if they have the money invested in Stocks, Bonds or sitting in cash. Plus, what mixture they have from 100 Stocks or 50% Stocks and 50% Bonds, etc. My perfect world would be to never do a withdraw from our Retirement funds and just live off our Dividend Stocks and other forms of Passive income. But not every one has multiple forms of Passive Income. Listen to the whole Podcast show for all the details. . If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
10:06
September 10, 2020
Cut Out Cable TV and Expensive Cell Phone Plans
Who are people trying to impress with expensive Apple Cell Phones and having Cable TV with all the Streaming Channels? If people are in debt or not even half ways towards their Financial Freedom goals, do they need these two items? What lessons are they teaching their kids if they have kids? We made this a rule for our kids to help them reach their Financial Freedom goals and not get sucked into society making it seem like you need these items to look successful. Being successful isn’t being broke, living paycheck to paycheck or living with debt. Success can be many things to many people but in the terms of reaching Financial Freedom having debt or living paycheck to paycheck isn’t success. It is opportunity to change, to take action towards your goals. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We showed our boys what some others have paid for Cable TV, Cell Phones and Cell Phone Service. We ask them is it worth the extra cost versus living in a debt free house and possibly retiring early? Cable TV - Listen to the whole Podcast Episode for all the details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
09:01
September 3, 2020
Take Care of Your Health
Become a Paid Subscriber: https://anchor.fm/live4/subscribe We teach our boys that if they don’t take care of their health now, they could be paying for it in the future. Choices and Consequences from their actions now. It can affect their Financial Freedom plans they may have. Registerednursing.org said over age 65 cumulative health spending in United States in 2016 dollars is $169,740 or lifetime spending under different growth rates in 2016 in 2016 dollars is $414,328. Think with inflation and depending on the boys ages what it could run them by the time they want to retire. We feel they should take action now to try to reduce their possible costs. As always, I am not giving you any Medical or Financial Advice and you should seek advice from your Medical Doctor or Professional Advisors to see what is best for your situation before starting any exercise program. See my Disclaimer at MillsWay.com. This is for entertainment only. We aren’t any medical doctors but we believe and teach our boys to work on creating Healthier habits in their life from things like their Diet, Fitness and things to avoid. We aren’t perfect by our examples but we are trying every day to be better examples for our boys. Seth has been our star eater lately. Logan is another story, maybe the Navy will get his eating habits better. LOL Remember again to see your Medical Doctor before changing any of your eating habits to starting any fitness programs. Let’s dive into these three areas and start with a Healthy Diet and what we feel could help our boys with and others; Listen the whole Podcast for all the details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway Sources and Resources from Podcast (Available in Show Notes) 1. Medical Care Costs at https://www.registerednursing.org/healthcare-costs-by-age/
11:20
August 27, 2020
Protect Yourself from Scams and Fraud
We get phone calls, emails and texts daily at our house of people trying to get our information or to scam us. Everything from someone in England that died and left us 8.5 million dollars to call this number right away or the IRS will be taking you to court. It has gotten worse since the Internet I feel. Now there is so much information that people can find out about other people on Social Media accounts and other websites. Even with Credit Cards you can get scammed. In our town people have hooked up Skimmers on Gas Pump’s Credit Card Machine. I have heard of Scanners that someone can walk by you can scan your card. This is why I have my Cards in Protective Cases to try to help block that from happening. We have a friend of ours that was shopping on the East Coast at a name brand store and the person who waited on her took her information from her ID and Credit Card and then went and took out other Credit Cards in her name. They eventually caught the lady who did it but our friend had to fly out to the East coast for the court case and testify. She lost not only time from her life, stress of the whole deal but also traveling costs. It can be a nightmare for anyone who gets scammed. I know every time someone has used our credit card number fraudulent it bugs me a ton. We want our boys to be safe as they can in the future. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. With our Credit Cards our companies we have accounts with have been really good for investigating fraudulent charges. I once had someone send me a Money Order for a purchase, it seemed fake so I took it to our bank and they said it was. They took down the information and then did the investigation. We never lost any money any time so far that we have been scammed. Listen to the whole Podcast show for all the details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway Sources and Resources from Podcast (Available in Show Notes) 1. Common Scams Information at https://www.usa.gov/common-scams-frauds
14:07
August 20, 2020
Seperate Checking Accounts for Personal Accounts and Other Accounts
Darlene and myself have many different checking accounts from Personal Accounts to Business Accounts. We teach our boys to have separate personal checking accounts if they are married or in a relationship. Also, we suggest they set up one checking account for each of the following; Home Bills, Debt Payments, investing to other accounts if needed. Darlene and myself don’t need a Debt Payment account since we are debt free but a lot of people may need it. We also don’t need the other ones because our system works for us. A lot of people need those extra accounts to make sure they keep on track. Some people even set up accounts for large upcoming expenses. For instance, a Wedding Checking Account. Where they each put money into the account for the wedding and then either one can write checks from that account to pay for wedding expenses. Once the money is gone, they are done spending. Hopefully they have been agreeing on what to buy and how much to spend. If not, they could have some pre-marriage fights. LOL Darlene and myself have known other people that have separate personal checking accounts and one Home Expense account that each person puts money into the account each month. The people we know has been doing if for many, many years and are happy with it. Other people we have told that we have separate checking accounts think it is wrong and seem offended by us doing it that way. I am sorry they get upset but it works for us and we believe in it. That is why we teach out boys to do the same. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. With having separate personal checking accounts, we each can spend our own money and not worry about getting it approved or feeling guilty buying something. For instance, if Darlene wants to buy a new golf club for $99, she can do it and not feel guilty about it or ask me for the money. She has the money in her account and can spend it on what she wants. Listen to Podcast for more Details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
08:36
August 13, 2020
Any Large Purchase you both should agree on it first
Whether you are married, in a committed relationship to being single we teach our boys to agree with their significant other or if single than a friend or relative before a large purchase. This is really important if you are married or in a committed relationship and living together with plans to get married someday. You need to be able to both agree on large purchases and I you don’t then keep talking it out till you both agree. Communication is so important in any relationship and not always easy to do. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Why you may ask, it is because if you don’t discuss it with your spouse or others than it could create a lot of frictions or future fights in your relationship. Being single basically you only have to be accountable to yourself for your own finances of course but it is still good to talk it out with another person. Sometimes we get caught up with emotions when wanting to buy stuff or someone talks us into it. But if we would talk out every large purchase maybe we would decide that we didn’t need it. Maybe we realize when talking with someone else that it is a want and not a need. Maybe we would realize we would be better off not buying it and investing that money towards our Financial Freedom. Listen to the whole Podcast for all the details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
09:42
August 6, 2020
Communication and Review time with your Spouse or other
Communication is so important in any relationship. When we have our monthly review meetings with our Spouse or significant other one it can be a stressful time when money is involved. Seems hard for some couples to be able to openly discuss money and finances. That is why I suggest to people if they have problems communicating with their spouse then maybe have a third person at their monthly and yearly review meetings. It is so important that both people in the relationship are on the same page when it comes to finances and working towards Financial Freedom. I am sure you can tell early on by their tone of voice or lack or talking to what mood they are in when you are reviewing your numbers. Not all communication is speech though. A look or a certain way they hold their body can communicate volumes also. Communication is the key to our existence, and this higher ability to communicate is what separates us from other animals in the world. While other animals have rudimentary communication skills, our skills are evolved to the point in which there are many different languages spoken, written, seen, and drawn. Not all communication is speech or writing. Listen to the whole Podcast for all the details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway #communication #relationships
12:17
July 30, 2020
Monthly and Yearly Profit and Loss Recaps for your Home and Busienss
This is something I look forward to do each month and at the end of the year. I know I may sound weird but I like to work with numbers and analyze how we did for the month or year. Darlene and myself have recaps of years past and then I have my recaps back from in the 1980’s. Yes, I am an old timer to some. LOL It is fun to look back at how low the numbers were on our Profit and Loss recaps back in the 1980’s and 1990’s. We do Profit and Loss recaps each month and each year. I will call them P&L’s for the rest of the show to save me some typing. LOL As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We do P&L’s for our Personal Income and Expenses each month and also for our Business ventures each month. For us it is our Monthly and Yearly report card on how we are doing. If we are winning or losing. Also, where we need to improve. We compare a lot of different categories each month and year along with our P&L forms like how each of our Investments are doing and our total Net Worth. Back years ago, when we had that nasty thing called “Debt” I used to do monthly and yearly recaps on that also. Thank goodness we haven’t had that for along time and plan on never being in debt again. Each month the totals can range widely depending on when a big bill comes in. So, we list the big bills that are due at the top of each column on the recap to remind us. For more details listen to the whole Podcast show. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
10:18
July 23, 2020
Track Expenses and Income Daily
To know if you are winning or losing you need to keep score. Just like in golf. You need to count all your strokes to know what your score was for the round and if you hit your goal or not. Also, you can see what areas that you need to improve in your golf game. Like I track not only my score per hole, but also how many fairways I hit, how many greens I hit and how many putts I made during the round also. That is why Darlene and myself track all of our Expenses and Income daily. We need to be able to see if we are winning or losing against our budget and goals towards Financial Freedom. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We track expenses maybe old school for some people but for us it adds something to the power of tracking by writing it down on our forms we have made up daily. When we write it and see it then helps us control our spending the rest of the month. Our monthly expense forms that we write our expenses down on is pretty basic and we make subcategories in some of the columns. Some of the main columns are; Listen to the whole Podcast Episode for all the details. . If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
11:11
July 16, 2020
Maintain your Cars and Home to last longer
Become a Paid Subscriber: https://anchor.fm/live4/subscribe We teach our boys to maintain their cars and home to make them last longer and save money. Without proper care things can break down faster and cost lots of money. This is why this is one of our Financial Freedom rules we teach our boys. I am far from being a car mechanic or a home repair expert so these numbers come from my experience and the experience of others I have worked with. Year to year cost of repairs can range widely also. We have had some huge things all hit in some years and other years hardly any. That is another reason to keep your Emergency Fund completely funded. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Car Maintenance Last year our car maintenance and repairs were only $921 for our three cars. We had a really good year. Normally I have heard of repairs running people up to $1,200 a year per car. Last year our car repairs were 1.2% of our home Income and others years it has ran up to over 3%. We teach our boys to do the following to help maintain their cars to last longer; To get more details listen to the whole Podcast Show. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway
10:44
July 9, 2020
Home Mortgage or Rent be less than 25% of Income
Over the years I have known many people that spent too much on a home they bought or a place they wanted to rent. Then something happens to them like a job loss or going to a new job where they made less money and now, they couldn’t make their payments anymore. That is a reason that we taught our boys to have their total Home Mortgage plus Property Taxes and Insurance to be less than 25% of their take home pay. Same goes for if they are renting a place to live instead of buying a place. Of course, our first choice for the boys would be that they would pay cash for a house they decide to buy someday. The second option if they do decide to buy a house before they have enough money saved then they get a 15-year mortgage. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. We want the boys to stay debt free their whole lives but if they choose to go into debt for their house then we hope they will follow the Mills Way to Financial Freedom steps that we taught them and pay it off even faster than the 15 year old mortgage they took out. Listen to the whole Podcast show for all the details. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway #rent #mortgage
09:50
July 2, 2020
Extra Savings Invest in your Brokerage Account
Last year when the Navy recruiters came over to our house the one recruiter brought up about how he wished his parents would have taught him the things we are teaching our boys. I told him that is why we are teaching our boys these lessons and why I am sharing it with the world with my Podcast, Blog and my book to be released hopefully before 2021. The recruiter talked about how he paid his debt off differently than my method and it took him a lot longer to get debt free but he said he got such a good feeling when they reached debt freedom. He was now at the early stage of having some extra money but his wife was wanting to buy a new car. We teach our boys that when they have any extra money leftover after they are completely debt free and their Emergency Fund is funded completely to Invest the money in their Brokerage Account. They can also Invest in other Asset forms if they like, it is their choice. The main goal that we keep stressing to them is to work towards 10 times at least of their future expenses. So, if they think their future expenses at retirement will be $75,000 a year then they would need that amount times 10 plus their Emergency Fund of $50,000 for a total of $800,000. If they want to retire-early we are suggesting they work towards 25 times their future expenses in their Brokerage Account since they won’t have their Retirement fully funded. They of course can choose to have alternates to any of the rules that we teach them towards their Financial Freedom goals. Let’s say they decide to retire early and work towards 25 times their future expenses in both their Brokerage Account and Retirement funds accounts, plus their Emergency Fund. Nothing wrong with that either. They just need to have enough in their Brokerage Account or in streams of Passive Income to cover their expenses until they can touch any of their Retirement funds. Darlene and myself hope to never touch our Retirement funds or at least not till I am in my 70’s. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Listen to the whole Podcast for more about Passive Income and more. . If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway #passiveincome #savings #investing
11:32
June 25, 2020
Protect your Paycheck with Disabilty Insurance
During my working years I always paid for Disability Insurance to make sure I was covered. Back in the days I had heard many stories of people who had freak accidents and were out of work for quite a while and needed the Disability Insurance to help maintain their living expenses for their family. Insurance is a part of protecting yourself and family in case of an accident and can help with your Financial Freedom goals. Think if you were out of work for a long time without a paycheck because you fell off the roof while hanging Christmas Lights than you may have to use your up your savings for money to live on. That could possibly set you back a while from your projected Financial Freedom date or Retirement date. This is an important lesson to cover with our boys. Even though they may not be in their career for years we want them to know the importance of protecting themselves financially. I know of one family that their lifestyle was really hurt when their main breadwinner had a Heart Attack and didn’t have any Disability Insurance. He was self-employed, I think. As always, I am not giving you any Insurance or Financial Advice and you should seek advice from your Professional Insurance and other Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Listen to the Podcast for the whole show. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway Sources and Resources from Podcast (Available in Show Notes) 1. Investopedia says about Disability Insurance https://www.investopedia.com/terms/d/disability-insurance.asp
10:09
June 18, 2020
Maximize 401K Yearly after you are Debt Free
Become a Paid Subscriber: https://anchor.fm/live4/subscribe Maximizing your 401K each year after we are Debt Free is one of the rules and action steps that we teach our boys for them to head towards their Financial Freedom goals. It is Action Step 9 in our 10 action steps to Financial Freedom. Action Step 9 is to maximize their Retirement Savings and Investments up to 25 times their expenses. There have been many examples that if you have 25 times your expenses and take out a 4% withdrawal a year it could last them the rest of their lives. Check with your Professional Advisor on what the maximum is that you can Invest this year in your 401K and IRA. Investopedia said “if you have both a Roth 401(k) plan and a Roth IRA, your total annual contribution for all accounts in 2020 has a combined limit of $25,500 ($19,500 Roth 401(k) contribution + $6,000 Roth IRA contribution) or $33,000 if you are 50 or older ($19,500 Roth 401(k) contribution + $6,500 catch-up contribution + $6,000 Roth IRA contribution + $1,000 catch-up contribution).” For you fact checkers you can see the link in the below show notes. As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only. Listen to my Podcast for the full show. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224 Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs. Click here for some Side Income and Part-time Business Ideas Millsway.com and Live4.Club Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more. #financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway Sources and Resources from Podcast (Available in Show Notes) 1. 2020 401K Limits by https://www.investopedia.com/ask/answers/102714/what-are-roth-401k-contribution-limits.asp 2. 4% Withdraw Chart “Portfolio Success Rates: Where to Draw the Line” 10/25/19 by Philip L. Cooney, Ph.D.; Carl M Hubbard, Ph.D.; and Daniel T Walz, Ph.D. https://www.onefpa.org/journal/pages/Portfolio%20Success%20Rates%Where%20yo%20Draw%20the%20Line.aspx
10:32
June 11, 2020
Celebrate Successes after each Milestone
Who doesn’t like a party? We do in our house for sure. We work hard working towards our Financial Freedom goals and it is fun to celebrate when we achieve one of our goals along the way. We have many goals we set each year and