Be An Advocate For Your Wallet

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Brian and Bo share tips for saving money every month with a couple of phone calls. They stress being an advocate for your wallet by constantly looking for the best deals. This week we cover reducing your utility bills and explore resources online that allow you to compare the best prices for the services that you spend money on every month.

Brian covers refinance and using services like www.zillow.com to search for the best rates available.  The guys also talk about comparing utility service providers around you with www.whitefence.com.  Brian shares his experience switching his home phone service to an online voice-over IP phone service through www.ooma.com.  There are a ton of ways to cut the expenses that you probably have on auto-pay with a few calls and a little research, which could save you up to a couple hundred dollars per month.   The money you save, if invested properly, could grow over the years and increase your retirement savings.

Has Warren Buffett Lost His Golden Touch?

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In this week’s show Brian and Bo analyze Warren Buffett’s annual Letter to Shareholders. It does not matter the market the conditions, he always has a simplistic view and understanding of investing and can relay that information in layman’s terms. Basically, Buffett has still got it. Brian and Bo spend the podcast looking into the highlights and giving you their thoughts on Warren’s words. Many of the things that are addressed in the letter are processes that we have always practiced and shared with you guys. Here are the key takeaways:

  • Keep it simple.
  • Have a plan and stick with it.
  • Do not let outside sources effect your game plan (See Above).
  • Stay away from investments you do not understand.
  • Remember your goals.

Warren went on to touch on a few of his ventures and why he still feels there is value outside of a portfolio of index funds. Being investment guys we threw this in as well:

  • Insurance – He touches on Geico’s Float amount and how it effects their balance sheet.
  • Regulated Capital – Why he feels Utilities and Freight work for him.
  • Manufacturing Service and Retail Outfits – Warren touches this topic but keeps things pretty generic do to competition.
  • Finance and Financial Products – He keeps this section short and, rightfully so because, he states it is their smallest sector.
  • Investments – He touches some of the investments that he has made and why they have been successful.

The guys had a great time recording this podcast even though Brian felt that he was reading too much. We find ourselves looking forward to Warren’s letter every year and hope that you continue to look forward to hearing from us every two weeks.