Mark's Money Mind

In this heartfelt episode Mark broadcasts from the Bass Strait off the coast of Australia delving into reflections on life's ups and downs while sailing the rough seas. Mark shares his personal Thanksgiving reflections and discusses the importance of gratitude and giving back.  Highlighting the efforts of the PKP Community Center for disadvantaged women and children in Indonesia, he explores ways to make impactful donations. Mark also shares personal anecdotes from his travels, including a meaningful penguin parade on Phillip Island.  The episode encourages listeners to reflect on their own lives and consider ways to contribute to others during the holiday season. If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com [Mark@MarksMoneyMind.com] and put “podcast question” in the subject line. Episode Links: Mark’s Money Mind YouTube Channel [https://www.youtube.com/@marksmoneymind] FI Freedom Retreat ticket offer [https://www.fifreedomretreats.com/book] Ibu Sari's Introduction to PKP Purpose [https://www.youtube.com/watch?v=dpoLI3vNw9g] PKP Community Centre [https://pkpcommunitycentre.org/] PKP Center GoGetFunding Campaign [https://gogetfunding.com/pkp-community-centre/#campaign-donors] Togetherness Project [https://www.togethernessproject.net/] FinTalks Cruise [https://www.amberlygrant.com/cruise] Timestamps: * 00:28 Reflections on Thanksgiving and Rough Seas * 02:03 Inspiration from Bali: Ibu Sari and PKP Center * 05:58 The Impact of Small Contributions * 08:47 Penguin Parade and Community Efforts * 12:25 Personal Updates and Future Plans * 13:58 End of Year Reflections and Giving Back

In this episode Mark broadcasts from the cruise ship Silver Nova off the coast of Australia.  Mark addresses the critical steps to take if you or someone you know is laid off. Topics include understanding severance packages, health insurance options like COBRA, applying for unemployment benefits, managing emergency funds, consolidating retirement accounts, and reassessing financial priorities.  Mark emphasizes focusing on controllable aspects and maintaining a positive outlook during such transitional periods. If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com [Mark@MarksMoneyMind.com] and put “podcast question” in the subject line. Episode Links: Mark’s Money Mind YouTube Channel [https://www.youtube.com/@marksmoneymind] Timestamps: * 00:58 Navigating Job Loss: Initial Steps * 01:35 Understanding Severance Packages * 03:21 Health Insurance Options After Layoff * 07:25 Managing Finances During Unemployment * 09:36 Rolling Over Retirement Accounts * 11:40 Finding New Opportunities * 13:23 Episode Summary and Final Thoughts

This episode takes place at the FI Freedom Retreat in Bali, Indonesia. Speakers Alan & Katie Donegan and Rachel Richards (Money Honey Rachel) share insights aligning personal identity with life vision.  Discussions include the impact of self-perception on achieving goals, the benefits of financial freedom during life's challenges, and practical exercises to align one's identity with desired life outcomes.  The episode encourages listeners to explore their identity, envision their ideal futures, and seek personal growth for a fulfilling financially independent life. If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com [Mark@MarksMoneyMind.com] and put “podcast question” in the subject line. Episode Links: Mark’s Money Mind YouTube Channel [https://www.youtube.com/@marksmoneymind] FI Freedom Retreat [https://www.fifreedomretreats.com/] EconoMe Conference Presentation - Alan & Katie Donegan [https://www.youtube.com/watch?v=hZH-nJmDdhE] Lifestyle Design - Rebel Donegans [https://rebeldonegans.com/lifestyle-design/] Vision Guide PDFs [https://rebeldonegans.com/wp-content/uploads/2024/11/Guide-to-Vision-in-each-Life-Area-The-Donegans.pdf] Rebel Finance School 2024 - Full Playlist [https://www.youtube.com/playlist?list=PLRjwfVU_qq2bRnpcC-QkKSHp8LUnC0g0b] Money Honey Rachel - Passive Income Starter Kit [https://moneyhoneyrachel.com/passive-income-starter-kit/] Timestamps: * 00:32 FI Freedom Retreat Highlights * 02:08 Meet the Dynamic Duo: Alan and Katie * 03:27 Rachel Richards: Money Honey Rachel * 03:48 Exploring Identity and Vision * 04:20 The Power of Self-Perception * 07:40 Introversion and Finding Your Tribe * 09:57 Rachel's Hypothesis for Happiness * 16:57 Journaling Prompts for Self-Discovery * 20:15 Creating an Extraordinary Life * 23:41 Creating a Vision for Life * 24:13 Personal Experiences and Reflections * 24:34 Exploring Life Areas and Comfort Zones * 26:15 The Power of Discomfort * 31:12 Aligning Identity with Vision * 33:50 Key Takeaways and Final Thoughts

In this week's episode Mark broadcasts from Bali, Indonesia, sharing his travel experiences and providing a comprehensive guide on organizing international trips both financially and logistically.  He discusses using platforms like Booking.com for lodgings, redeeming points for flights and accommodations, and the benefits of eSIMs for cell phone usage. Mark also covers the importance of VPNs, Apple Pay for secure transactions, forwarding calls to Google Voice, and effective methods to manage jet lag using the Timeshifter app.  Whether you're planning a trip to Indonesia or any international destination, Mark's insights on travel tips and financial strategies offer valuable advice for a seamless journey. If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com [Mark@MarksMoneyMind.com] and put “podcast question” in the subject line. Episode Links: Mark’s Money Mind YouTube Channel [https://www.youtube.com/@marksmoneymind] Booking.com [https://www.booking.com/] for accommodations Timeshifter App [https://www.timeshifter.com/] for reducing jet lag Airalo [https://www.airalo.com/] for eSIMs Google Voice [https://voice.google.com/] for call forwarding WhatsApp [https://www.whatsapp.com/] for texting Grab [https://www.grab.com] and GoJek [https://www.gojek.com] for transportation and delivery Timestamps: * 00:00 Welcome to Mark's Money Mind from Bali * 01:04 Travel Tips for a Smooth Journey * 02:14 Booking Accommodations and Using Points * 04:44 Navigating Flights and Packing Tips * 11:43 Managing Money While Traveling * 15:35 Staying Connected Abroad * 20:41 Getting Around in Foreign Count

In this episode Mark broadcasts one last time from Crested Butte, Colorado, before embarking on a two-month journey to Bali, Singapore, Australia, and New Zealand. This episode focuses on essential aspects of estate planning, such as the importance of wills, powers of attorney, healthcare directives and possibly a trust.  Mark shares personal experiences, including updating his estate plan after significant life events, and offers valuable insights into managing estates and guardianship. Real-life examples highlight the severe consequences of inadequate estate planning.  Additionally, Mark answers a listener question regarding calculating savings rates. Episode Links: Mark’s Money Mind YouTube Channel [https://www.youtube.com/@marksmoneymind] Love, Loss, and Money: The Shocking Financial Aftermath of a FI Spouse’s Death | Amy [https://choosefi.com/podcast-episode/love-loss-and-money-the-shocking-financial-aftermath-of-a-fi-spouses-death-amy-ep-476](ChooseFI Episode 476) Timestamps: * 00:24 Upcoming Adventures and Recording Plans * 01:14 Estate Planning: An Overview * 01:35 The Importance of Updating Your Estate Plan * 04:12 Components of an Estate Plan * 04:49 Living Trusts vs. Simple Wills * 10:39 The Role of a Durable Power of Attorney * 12:33 Healthcare Documents in Estate Planning * 15:34 Beneficiary Designations and Their Importance * 17:30 Heart-Wrenching Real-Life Stories * 21:10 Costs of Estate Planning * 22:47 Steps to Start Your Estate Plan * 24:19 Listener Question: Saving Percentages * 27:14 How to Calculate Your Savings Rate