
Simple Money, Simple Life
By Matt Erickson
This is a podcast dedicated to exploring how simplicity beats complexity, especially in money matters. We explore how to save and invest as well as how living a simple life is a joyful life.

Simple Money, Simple LifeMar 18, 2023
00:00
14:34

99. Destination Happiness
Have you heard of the fading affect bias? Today I share how this applies to happiness and share a few core principles to bring more happiness and fulfillment into your life.
May 29, 202316:35

98. Minimalism and Travel
Does traveling stress you out? In this episode I share some cool tips to make your next travel adventure epic and less stressful.
Apr 26, 202321:03

97. 13 Tips to Decluttering
Here is a simple guide to get started on your decluttering and minimizing journey.
Mar 18, 202314:34

96. Where to Put Cash and Top Regrets
Many are wondering where to stash cash these days. I explore some great options in this episode. I also spend time talking about the most common financial and life regrets and what we can do to prevent having these regrets.
Mar 11, 202324:09

95. How to Complain Less
Most of us complain way too much. Today we learn how to complain less. This episode was inspired by Joshua Becker. becomingminimalist.com
Mar 04, 202314:24

94. Don’t “Just” Your Life
Today I discuss what this statement really means as well as share information about finding satisfaction in life. I also share an experience of how we saved $1,000.
Feb 18, 202311:07

93. Budgeting Like a Boss
Today I share about my trip to Kauai. I also share differences between the zero based budget and the anti-budget. I also share some tips on getting out of debt.
Jan 28, 202325:44

92. The Paradox of Wealth
In today’s episode I explore the paradox of wealth. I also have 12 ideas to consider regarding your investment strategy as we close out 2022.
Dec 29, 202218:46

91. The Colombia Experiment
Today I share some things to consider at the end of the year including tips on Roth IRA’s and index funds. I also recap a recent trip to Colombia.
Dec 18, 202220:14

90. Live Now or Save For Tomorrow?
In today’s episode I share some experiences about living now versus saving for later. I also share some ideas from a book I’m reading called Die With Zero by Bill Perkins.
Nov 05, 202220:30

89. How to Apply Lagom to Your Life
Today we discuss a Swedish term, Lagom, and how to apply it to your life. bigthink.com
Oct 24, 202215:18

88. Why Minimalism Might Be For You
Today I discuss things to consider when deciding if minimalism might be for you as well as 14 practical tips to get started.
Oct 08, 202224:19

87. Does Complexity Give Us More Control?
Today I share some reasons to consider simplicity over complexity.
Sep 25, 202217:34

86. The Power of Micro Decisions
In today’s episode I share how very small decisions can mean everything and I give some practical examples of micro decisions you can apply today.
Sep 13, 202216:24

85. Look Before You Leap
85. Today I discuss the importance of measuring twice and cutting once. I also discuss the importance of reinvesting dividends and how to make sure you’re doing that.
Aug 28, 202214:52

84. 5 Mistakes Most Investors Make
Today I discuss 5 mistakes most investors make and how to prevent them.
Aug 20, 202215:55

83. The Digital Minimalist
Today I talk about ideas to consider and whether or not digital minimalism might be for you.
Aug 15, 202221:21

82. 20 Tips to Simplicity
Today I share 20 tips to consider that will help you live a simpler, more fulfilling life.
Jul 20, 202224:11

81. Sales! What a joke…
Today I share my beef with sales and what to watch out for.
Jul 02, 202217:16

80. Robo Advisors
Today I explain what Robo Advisors are and if one might be right for you.
Jun 24, 202217:54

79. The Psychology of Money
In todays podcast I walk you through some great takeaways from a great book by Morgan Housel titled The Psychology of Money
Jun 10, 202216:52

78. Simplicity is the Ultimate Sophistication
Today I share some of my favorite quotes as well as talk about the Arrival Fallacy.
May 30, 202218:17

77. Declutter Yourself
Today I share several tips to Declutter effectively. I share an article from a blog on not following the crowd. Next I share an email from a listener and talk about current market conditions. Lastly I share thoughts on a letter I received from an “investment advisor.” I share some thoughts on what to watch out for.
May 21, 202226:26

76. The Benefits of Giving
In today’s episode I share some of the amazing benefits of giving. clevelandclinic.org
May 07, 202221:01

75. California Dreamin’
Today I share my experiences from my trip to California and Disneyland. I also share thoughts on investing in a volatile market. Lastly I talk about how too much of a good thing can be a bad thing.
Apr 23, 202222:59

74. You Don’t Need to be Extraordinary to be Happy
Today I review an article written by Tavian Jean Pierre (tavianjp.medium,com). I discuss how living an ordinary life can be a very happy life.
Apr 01, 202211:24

73. Happiness With Less
Today I share a book suggestion, Happy Money, and discuss some really cool concepts from the book.
Mar 25, 202211:36

72. How to Never Get Scammed
Today I discuss what scams Do you watch for and how to avoid them.
Mar 18, 202215:53

71. Are You Falling Prey to Status Symbols?
Today we dive into what status symbols are and explore if we might be falling prey to them.
Mar 11, 202211:02

70. Timing the Market vs Time in the Market
Today we discuss why time in the market is far superior to timing the market.
Mar 04, 202214:00

69. The Satisfaction Formula
Today we discuss what truly brings satisfaction as well as answering a listener question on international index funds offered through Fidelity.
Feb 26, 202214:36

68. Am I Frugal or Am I Cheap?
Today we discuss the differences between being frugal versus being cheap. I also discuss the Rule of 72, and talk about why I left a high paying job. acrazyfamily.com/six-signs-too-frugal/
Feb 19, 202219:20

67. Should I Invest in International Funds?
Today we dive into the benefits of international investing.
Feb 14, 202219:07

66. The Simple Yet Elegant Total Market Index Fund
In today’s episode we dive into the nitty gritty of the total market index fund.
Jan 28, 202222:59

65. Maximize Well Being While Minimizing Consumption
Today we explore one of my favorite life mantras.
Jan 07, 202219:27

64. The Power of Gratitude
Merry Christmas all! 🎄In today’s episode we explore the amazing benefits gratitude can bring to our lives and how that applies to investing.
Dec 25, 202116:04

63. The Endowment Effect
In today’s episode I educate on The Endowment Effect. Much of the information comes from Louis Chew’s blog, Constant Renewal.
Dec 10, 202115:23

62. The Power of a Morning Routine
In this episode we explore how a morning routine can dramatically improve your life. ‘Goodbye Things’ by Fumio Sasaki
Nov 25, 202114:01

61. Why There’s No Better Time to Invest
In today’s episode I talk about why now is the best time in the history of the world to invest. I also answer a listener question.
Nov 19, 202123:10

60. A Deeper Dive
I’m today’s episode I take a deeper dive into investing concepts including the 72T rule, the rule of 55, Roth conversions, back door Roth’s and Donor Advised funds. If this is all a bunch of mumbo jumbo to you give the episode a listen and learn something new!
Nov 05, 202121:12

59. 12 Reasons Why Minimalistic Living Might Be For You
In today’s episode I dive into some fun ideas about how minimalism might be for you and how it’s ok to pick and choose portions that resonate with you.
Oct 29, 202115:56

58. The Great Resignation
In this episode I discuss what the Great Resignation is and factors that are contributing to it. I also share some personal news about my own resignation.
Oct 23, 202113:39

57. Are You Living Beyond Your Means?
In today’s episode we go through a fun checklist to see if you’re living within or beyond your means.
Oct 15, 202118:18

56. Should I Play it Safe?
In today’s episode I dive into how to know if we are playing it too safe in life and in investing.
Oct 01, 202115:60

55. Bringing Calm to Your Life
In today’s episode I discuss a listener question about 401k’s, reflect on my trip to Alaska and discuss ways to bring calm to our lives.
Sep 24, 202123:60

54. Inflation-Proof Your Life
In this episode I tackle a listener question and then dive into different strategies we can use to inflation-proof our life.
Sep 17, 202124:31

53. Lazy Investing is the Best Investing
In today’s episode I present a compelling case as to why lazy investing is a superior way to invest.
Sep 10, 202114:48

52. Experiences Over Things
In today’s episode I explore why I value experiences more than possessions or things.
Sep 03, 202115:01

51. The Cost of Clutter
We get to dive into how clutter affects our lives as well as discuss a friends investing portfolio. www.lifespleasuresandstruggles.com/2020/10/14/the-real-cost-of-clutter-in-your-life/?fbclid=IwAR0fOuVklLp7heIwxw0deIqnd-_86HJhK-wsrX3FUtZdVfjJp9rqzPyHilk
Aug 27, 202118:24

50. Dunbar’s Number
Have you heard of Dunbar’s number? Take a listen to this episode and learn what it is. en.m.wikipedia.org/wiki/Dunbar%27s_number
Aug 20, 202108:14

49. The Yard
Today I talk about the many parallels between keeping a yard beautiful and keeping our personal finances looking great.
Aug 13, 202115:51

48. Stoicism
In today’s episode I talk about stoicism and how we can use this philosophy to live a richer life. www.holstee.com/blogs/mindful-matter/stoicism-101-everything-you-wanted-to-know-about-stoicism-stoic-philosophy-and-the-stoics
Aug 06, 202116:33

47. Avoiding Burnout
Are you feeling spent, stressed or burned out? Today I tackle how to avoid burnout in the workplace as well as in life.
Jul 30, 202118:59

46. Credit Card Rewards
In today’s episode I talk about four credit cards that you could consider using. These cards offer great rewards to those who are eligible, especially those hoping to do some travel in the cheap.
Jul 23, 202116:17

45. Why Boring is Good
Do you sometimes wonder why you do everything you do and why you’re so busy? If so this episode is for you. We explore why busy is not necessarily always a good thing and how to reclaim your schedule and your life.
Jul 16, 202115:50

44. The Pursuit of More
Have you ever believed that if you could make just a little more money you’d be happier or if you could have more material possessions life would be easier? More isn’t always better and in this episode we explore why.
Jul 09, 202113:59

43. The Many Ways to Save
Today we answer a listener question from Andrew on the difference between index funds and ETF’s. We then dive into explaining 401k’s, 403b’s, Roth IRA’s, Traditional IRA’s, SEP’s, 457’s, HSA’s, and Solo 401k’s,
Jul 02, 202120:43

42. 7 Ways to Budget
In this episode I answer a listener question from Dan as well as discuss 7 options for budgets.
Jun 25, 202119:21

41. Rent or Buy?
We tackle the often controversial “rent vs buy” in this episode.
Jun 18, 202117:00

40. Listener Questions and Inheritance Considerations
In today’s episode I dig into two listener questions submitted by Boyd and Leo. I then discuss some important things to think about when getting an inheritance.
Jun 11, 202117:34

39. Why Diversification Really Matters
Diversification can save your bacon. In this episode I explain why that is as well as answer a listener question on whether or not to include international funds in your portfolio.
Jun 04, 202118:56

38. The Case for Index Funds
Do you hate paying more for things than you should? If yes, than this episode is for you! I discuss why index investing is supreme to active management.
May 28, 202115:28

37. The Pareto Principle
Have you heard of the Pareto Principle? In this episode we take a deep dive into how this principle applies to your life!
May 21, 202116:40

36. Should I Put Money into Insurance Products?
Have you ever been sold whole life insurance or an annuity? In this episode I give my opinions on these products as well as discuss investing and insurance.
May 14, 202118:35

35. Perfect is the Enemy of Good
Perfection should not be the goal. Keeping investing simple provides outstanding results as illustrated in this episode.
May 07, 202115:06

34. The Sloth and the Ant
We just returned from Costa Rica. I watched ants and sloths and discovered some interesting things. I discuss them in this episode.
May 01, 202116:54

33. Why Debt Sucks
Are you up to your eyeballs in debt? Are you debt-free? Are you somewhere in between? In this episode I give a clear explanation as to why debt is very lame and how living financially free is the way to go.
Apr 24, 202119:20

32. Minimalism and Money
In this episode I dive into the beautiful connection between and money.
Apr 16, 202116:34

31. Ruthless Elimination
In today’s episode I cover 8 areas to consider in our quest of ruthless elimination.
Apr 09, 202118:26

30. The Silent Millionaire
In this episode I give a book recommendation (We’re Talking Millions by Paul Merriman) and also share some findings from the book The Millionaire Next Door by Dr. Thomas Stanley and William Danko. I share the traits of these “silent millionaires” and discuss how we can achieve these same results.
Apr 02, 202117:07

29. Saving for Freedom
In this episode I answer a listener question on actively managed mutual funds in his 401k. I provide a book recommendation (the Bogelheads Guide to Investing). I also share information from the SPIVA report comparing actively managed mutual funds to index investing. I then talk about financial independence and why saving for freedom is amazing. Lastly I share JD Roth’s 6 stages of financial freedom (getrichslowly.com). You’ve got to tune into this episode!
Mar 26, 202126:48

28. How to Become Wealthy on a Low Income
In this episode I discuss some simple strategies to become wealthy on a low income.
Mar 19, 202120:10

27. Is the Emergency Fund Overrated?
In this episode I answer listener questions from Joe and Dan about penny stock “investing” and dollar cost averaging versus lump sum investing. I then discuss the things you really need to know about an emergency fund. investor.vanguard.com/emergency-fund/. www.prudential.com/financial-education/6-emergency-fund-benefits
Mar 12, 202125:32

26. 13 Reasons Why I Invest 100% in Stocks
In this episode I share my reasoning behind my choice to invest my portfolio 100% in stocks. I also answer a listener question on how to transfer funds from one brokerage to another.
Mar 05, 202123:48

25. Enjoy Today While Preparing For Tomorrow
In this episode I share a personal experience we had with middle son that taught us many life lessons including the importance of enjoying life in the moment. I also discuss the importance of finding a balance between preparing for the future and living in the moment.
Feb 26, 202122:57

24. Why Are You Acting Rich?
In this episode I dive into some of Dr Thomas Stanley’s work about happiness and money. I talk about the links that bind wealth and happiness. I also review a insightful article by Joshua Becker about judging based on physical appearance. “Stop Acting Rich” by Thomas Stanley; “Don’t Judge by External Appearance” by Joshua Becker
Feb 19, 202114:01

23. Why Less is More
In this episode I discuss different examples of how too many choices actually reduces happiness while fewer choices can increase happiness.
Feb 12, 202119:55

22. Why I Hate Day Trading and Individual Stock Investing
In this episode we explore why I prefer index investing over day trading and buying individual stocks. I also explain the craziness in the market regarding GameStop and what it means to sell a stock short. I also explain why I don’t like Robinhood.
Feb 05, 202128:45

21. 41 Simple Ways to Save Money
In this episode we take a deeper dive into simple and effective ways to save money and create margin in our lives.
Jan 29, 202128:39

20. Credit Cards- Yea or Nay?
In this episode we dive into the pros and cons of having credit cards. We also explore how a credit score is calculated.
Jan 22, 202119:38

19. Tilting and the Target Date Fund
In this episode we take a deeper dive into learning about tilting a portfolio and the Target Date Fund. investor.vanguard.com/investing/how-to-invest/impact-of-costs repository.upenn.edu/prc_papers/573/ www.fidelity.com www.paulmerriman.com
Jan 15, 202127:48

18. How to Avoid Lifestyle Creep
Jan 08, 202122:46

17. Me versus Dave Ramsey
Today’s episode is a fun one. We explore Dave Ramsey’s philosophy versus mine. We agree on most things but not on all. Check out this podcast to find out our similarities and our differences!
Jan 01, 202123:34

16. Holiday Money
In this episode we explore some cool tips around keeping stress low during the holidays and making sure we don’t break the bank.
Dec 24, 202018:16

15. Favorite Life Hacks
In this unique episode I share some life hacks that have enriched my life including some financial and some non financial. www.personal capital.com
Dec 18, 202024:26

14. The Roth IRA
In this episode we dive into my favorite investing vehicle, the Roth IRA. We discuss how to fund and manage a Roth as well as rules to be aware of. Most importantly we discuss the importance of setting up and funding a Roth IRA today!
Dec 11, 202019:51

13. Psychology and Money
In this episode we take a look at the relationship between psychology and money. We explore cognitive biases and processes that can be pitfalls to our success as investors.
Dec 04, 202022:31

12. Should I fire my financial advisor?
In this episode I talk about three different kinds of financial advisors. I explain what a fiduciary is and why it matters. I discuss how to think about whether or not to have a financial advisor. I also explain the costs and fees of having a financial advisor and how that could impact your long term financial success.
Nov 27, 202019:39

11. “Alexa, How Do I Get Rich?”
In this episode we learn from our good friend Alexa about how to get rich. We discuss 7 keys from Alexa. This episode was inspired by my friend Fritz Gilbert who blogs at: theretirementmanifesto.com Keys to a Successful Retirement by Fritz Gilbert
Nov 20, 202018:52

10. How Much is Enough?
In this episode we explore the enough curve, fulfillment, and understanding how to gain joy through what you have instead of always wanting more. Many of the concepts in this episode were gathered from reading the book titled “Your Money or Your Life” by Vicki Robin.
Nov 13, 202019:59

9. Money and Marriage
In this episode Rachel joins me again for a fun conversation about navigating money in a marriage. We discuss budgets, enjoying money now versus saving for the future, whether or not to combine finances and more!
Nov 06, 202030:50

8. Home Buying 101
In this episode we discuss the process of buying a home and what details to consider. My lovely wife Rachel joins me to help us understand what we need to know when considering home ownership.
Oct 30, 202035:44

7. What portfolio is right for you?
In this episode we dive into how to construct a simple and fantastic investment portfolio. We define asset allocation, standard deviation, tilting, diversification, and hedge funds. Resources:
www.businessinsider.com/forgetful-investors-performed-best-2014-9 (Fidelity Study)
JL Collins: The Simple Path to Wealth
www.bogleheads.org
Fama and French Study: www.investopedia.com/terms/f/famaandfrenchthreefactormodel.asp
My portfolio: large cap index, mid cap index, small cap index, total international index fund
www.businessinsider.com/forgetful-investors-performed-best-2014-9 (Fidelity Study)
JL Collins: The Simple Path to Wealth
www.bogleheads.org
Fama and French Study: www.investopedia.com/terms/f/famaandfrenchthreefactormodel.asp
My portfolio: large cap index, mid cap index, small cap index, total international index fund
Oct 23, 202021:26

6. Do you like F.I.R.E?
In this episode we explore the Financial Independence Retire Early movement. Find out what it is and what parts of it might be right for you! Resources: ssa.gov. mrmoneymustache.com. jlcollinsnh.com. affordanything.com. Four Percent Rule: William Bengen. Average car payment:$554 (Experian.com)
Oct 16, 202027:06

5. Beware of the Diderot Effect
In this episode we explore the Diderot Effect and how it plays out in our day to day lives, especially with financial matters. Additional Resources:
jamesclear.com
businessmellow.Wordpress.com
jamesclear.com
businessmellow.Wordpress.com
Oct 09, 202021:19

4. Investing Basics Part 2
In this episode we explore market capitalization and why that matters in investing. We also explore total market index funds and target date funds. We discuss 6 keys to successful investing as well.
Oct 02, 202024:26

3. Investing Basics Part 1
In this episode we dive into investing basics including understanding stocks, bonds, mutual funds, IRA’s, and 401k’s. I hope you enjoy the episode and share it with a friend!
Sep 25, 202026:13

2. 11 strategies to achieve simplicity in personal finance.
In this episode we dive into exploring 11 useful strategies to keep our finances simple and on track. This are strategies that can be implemented and used immediately. Enjoy the episode!
Sep 19, 202023:19

1. Why this podcast?
In this episode we explore the “why” behind this podcast and set the stage for future episodes.
Sep 14, 202012:34

Simple Money, Simple Life
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Sep 08, 202000:21