Something You Should Know about Household Spending

Common Financial Questions - Answered

August 17, 2016


Interview with Jack Otter, author of the book Worth It ... Not Worth It?: Simple & Profitable Answers to Life's Tough Financial Questions




Mike Carruthers:
Some common financial questions may seem complicated but the answer is actually simple. For instance should you buy or lease a car?


Jack Otter:
Most people are much better off buying because, among other things, it’s a lot more straightforward.

Jack Otter

Making Money Decisions

June 16, 2016


Interview with Carl Richards, author of the book The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money




Mike Carruthers:
Have you ever looked back and realized that some of your money choices may not have been the smartest.


Carl Richards:
Obviously it’s not because we’re stupid. It’s just because we’re genetically hard-wired to make silly decisions. But one of the classic ones is buying something that everybody else wants and selling something that nobody else wants to own.

Carl Richards

Achieving Financial Independence

February 2, 2016


Interview with Dr. John De Martini, author of the book The Values Factor: The Secret to Creating an Inspired and Fulfilling Life




Mike Carruthers:
When it comes to building wealth there’s a disconnect somewhere.


Dr. John De Martini:
When I ask people how many of you want to be financial independent and everybody puts their hand up but then when I look at the actual statistics it’s less than 1%.


Dr. John De Martini

Saving Energy

November 25, 2015


Interview with Brain Keane President of SmartPower




Mike Carruthers:
Getting consumers - people like you and me - to really conserve energy has been a tough sell. Because to conserve energy means, to many of us, to sacrifice.


Brian Keane:
We actually did focus groups among college students today. You talk to them about conservation and they will talk about Jimmy Carter. And these guys weren't even alive when Jimmy Carter was president.


Brian Keane

How Wealthy People Become Wealthy

October 14, 2015


Interview with Deborah Owens, author of the book A Purse of Your Own: An Easy Guide to Financial Security




Mike Carruthers:
When you look at how most wealthy people became wealthy you realize that they look at money differently than other people and they understand that…


Deborah Owens:
The average person is usually wrong and they understand that they have to act the opposite than everyone else and generally they’ll be OK.


Deborah Owens

Benefits Of Being Cheap

October 8, 2015


Interview with Jeff Yeager, author of the book The Cheapskate Next Door: The Surprising Secrets of Americans Living Happily Below Their Means




Mike Carruthers:
People who spend less than they earn and live beneath their means report a higher level of personal happiness. And in fact they often say…


Jeff Yeager:
Sure we could afford to spend more but why would we? It wouldn’t make us any happier.

Jeff Yeager

The Problems With Money - Part 2

August 19, 2015


Interview with Deborah Price, author of the book The Heart of Money: A Couple's Guide to Creating True Financial Intimacy




Mike Carruthers:

Just about everyone’s had money trouble and often the problem is your brain or specifically the instinctive part of your brain.


Deborah Price:

The instinctive brain is wired for desire and therefore we tend to become human wanting’s.

Deborah Price

The Problem With Money

August 18, 2015


Interview with Deborah Price, author of the book The Heart of Money: A Couple's Guide to Creating True Financial Intimacy




Mike Carruthers:
If there’s a subject which almost everyone has trouble with from time-to-time it’s money.


Deborah Price:
Money is a tough topic because we have no training; money is often a very sensitive and triggering conversation in families, amongst couples.

Deborah Price

Couples & Money

May 21, 2015


Interview with Jeff Motske, CFP, author of the book The Couple's Guide to Financial Compatibility: Avoid Fights about Spending and Saving--and Build a Happy and Secure Future Together




Mike Carruthers:
Perhaps one of the main reasons couples fight about money is they never talk about money until there’s something to fight about.


Jeff Motske:
When you’re proactive and not reactive you find a completely different financial life together.


Jeff Motske, CFP

Difference Between Rich & Wealthy

April 2, 2015


Interview with Paul Sullivan, author of the book The Thin Green Line: The Money Secrets of the Super Wealthy




Mike Carruthers:
What’s the difference between being rich and being wealthy?


Paul Sullivan:
Rich is a number, rich is a number on your bank account on your brokerage account perhaps the value of your house when you type your address into Zillow.


Paul Sullivan

Something You Should Know - Blogged