Road Maps

Copy the resource for the entire podcast here. Just select "Copy doc". You can sign up for a free Coda.io (much like but better than Google Documents).

Free Podcast Clonable Resource

This is also the only way to listen to the updated podcast.

Briefing Document

Key Takeaways:

This podcast series, "Money for Average Joe's," aims to provide essential financial education for the "average Joe" to help them make sound financial decisions, avoid common mistakes, achieve retirement, and build a financial buffer. The core concept presented is the necessity of a structured financial "road map" – a proven method for managing personal finances.

Main Themes and Important Ideas/Facts:

• The Need for a Financial Roadmap: The central thesis is that individuals require a "tried and true proven method" or road map to navigate their finances effectively. This roadmap helps avoid mistakes and guides individuals toward financial security and retirement.
• Influence of Existing Financial Programs: The content of the podcast is heavily influenced by established financial education programs, specifically mentioning Dave Ramsey and the personal finance course offered by the Church of Jesus Christ of Latter-day Saints. The podcast is intended to be supplementary and complementary to these programs, suggesting a richer experience when used in conjunction with them.
• "Life Event or Life Situation to Action" Roadmap: The host, Jason Weaver, has developed a specific roadmap based on connecting life events or situations to necessary financial actions. Examples provided include:
• Having a child and considering life insurance.
• Renting and needing renter's insurance.
• Getting a first career job and starting to save a 3-6 month emergency fund (or more).
• Buying a house and saving 1% of the house value for repairs.
• Availability of a Digital Roadmap Resource: A significant takeaway is the availability of a free, clonable "standard operating procedure for financial road map" resource at money Joe's. This resource is built using kod.io and functions similarly to a Google Doc, allowing users to access information, take notes, and interact with the content (emphasizing the need to "click into" elements like tables to view all information).
• Personal Experience and Humility: The host openly admits to having made "a lot of money mistakes" and having had an "awful" relationship with money for a long time (though not at an addiction level). He intends to share his learnings and the things that helped him overcome these challenges.
• Importance of Personal Progress and Avoiding Comparison: The podcast emphasizes personal progress over comparison with others. A quote from C.S. Lewis is used to illustrate this point:
• "Progress means getting nearer to the place you want to be. And if you take a wrong turn, then to go forward does not get you any nearer. If you are on the wrong road, Progress means doing an about turn and walking back to the right road. And in that case, the man who turns back soonest is the most progressive man."
• This highlights the idea that identifying being on the "wrong road" and turning back is the quickest way to make progress.
• Action-Oriented Approach: Listeners are encouraged to use the provided roadmap to identify areas where they are not taking the right steps and to commit to one specific action to start moving in the right direction. The digital roadmap resource at money Joe's includes a space for users to write down their next step.
• Influence of Habit Formation and Ownership: The host mentions two books that have significantly influenced his journey in changing habits and his relationship with money:
• Atomic Habits: Concepts like "never miss twice," "never break the chain," and "cast more votes for the person you want to be" are referenced.
• Extreme Ownership: This emphasizes taking responsibility for one's life and leading effectively, regardless of one's position.
• Addressing Common Relationship Strains: The host notes that poor financial management and communication are significant reasons for divorce, suggesting that improving one's financial relationship can also positively impact marital relationships.
• Upcoming Content: The next episode is announced to compare the Dave Ramsey plan and the Church of Jesus Christ of Latter-day Saints plan, examining their philosophies, categories, and step-by-step approaches.

Actionable Items for the Listener (as presented in the source):

• Access and clone the free financial roadmap at money Joe's (using coda.io.
• Utilize the roadmap to identify areas for improvement based on life events.
• Reflect on the C.S. Lewis quote regarding progress.
• In the digital roadmap, write down the next immediate step you will take.

In Summary:

"Money For Average Joe's" introduces a framework for achieving financial security through a structured roadmap. It draws inspiration from established programs like Dave Ramsey and the LDS Church, emphasizes a connection between life events and financial actions, and provides a free digital resource to guide users. The podcast is framed as a personal journey of overcoming past financial struggles, encouraging listeners to take ownership, build good habits, and focus on individual progress. The initial episode sets the stage for comparing popular financial plans in future episodes.

Note: This is the former episode/podcast.

You need to know what a healthy relationship with money looks like. I have developed 3 ways/angles to choose from to view a roadmaps that guides you to a healthy relationship with money. 

You are welcome to look through these road maps and pick at least 1 to use as your money guide/road map in life.

Life Event to Action

If you are a procrastinator/don't think about money then this roadmap is best for you. When an important event happens in your life, just review this map and take the next right step. 

Compare Dave Ramsey to LDS Free Course

Dave Ramsey has the most extensive resources that not only help educate you about money but how to overcome the normal mans faulty core beliefs around money. But his course costs money. The Church of Jesus Christ of Latter-Day Saint's offers a free personal finance course you can take with your spouse along with other helpful accountability partners. 

This roadmaps is perfect if you are a Christian and or you like a step by step/level up version of the money life roadmap.

Compare by Philosophy

This is just a continuation of the last roadmap but arranged by topic. It helped me organize my thoughts around themes and view it from a different angle. 

So how are you doing, probably far off from where you need to be to be in a healthy place with money. But don't worry, you can work towards getting back on the right road an pick up speed. 

Bonus

1-Page Money Plan

The One-Page Financial Plan: and 1-Page Marketing Plan books both gave me this idea. When not have somewhere to write your goals and dreams down when it comes to money. This is my take on where to write those.

Definitions:

Income - How you are going to increase your income.

Shield - How you are going to protect your money/income including using insurance and a spending plan. 

Health -  How you are going to protect your health so you can continue to earn money.

Roadmap - Where you are at on your choice of money roadmap.

Saving - What you are going to do to save more money.

Invest - How you are going to invest for retirement.

Give - How you are going to give to others and charity.

Backup Plan - How you plan to overcome common setbacks like job loss. 

Mentors & Tools - Who you will get your money education, advice and what tools you will use to stay on top of things.

Bonus

And if you like these resources, just wait, by the end of this first module there will also be a Personal Finance Checklist for all those checklist people.

As an added bonus here is a good comparison article for different methodologies about retirement. This comes from the frugalchiclife.com, "Debt Freedom, Financial Freedom, and FIRE...What's the Difference?"

8 Free Money Resources Everyone Needs to Know About by Money For Average Joe's.