Episode 99: The New Way to 401(k) with Chris Costello

Posted Nov 30, 2017 | Updated May 24, 2019

This post may contain affiliate links or links from our sponsors. Read our disclosure policy here.

My Guest on the Show…

Co-founder and CEO of Blooom, Chris Costello, comes on the show today to talk about your 401k, 401a, 403b, 457 or TSP.

Chris spent his entire life in the financial advising world and now he’s blowing the whistle on the crap that he says has been going on for way too long.

He’s talking about the outrageous fees, the terms no one understands (or is supposed to understand), and the ridiculous amount of greed the folks from Wall Street posses when handling your retirement funds.

In 2013, he founded Blooom which he coins as the new way to 401(k).

Chris is extremely passionate about investing and saving for your future and he doesn’t disappoint. We may have had to “BLEEEP” him out a few times during the show, but I completely get it – he’s seen these maniacs ripping people off for way too long and it’s time for a change.

Get a Free Month with Blooom

Are you enjoying the podcast?

If you do, would you be willing to leave a review for the show here? The more reviews the podcast receives, the more people will learn about it!

The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.

Mentioned in this Episode

Unshakeable by Tony Robbins

Get a Free Month with Blooom

Full Review of Blooom on the Money Peach Blog

Show Notes

Meet Chris and Blooom (with three O’s) [2:41]

Who Blooom was created for [2:41]

Tony Robbins’ book [11:48]

Retirement fees are like termites [13:44]

Why people are confused about retirement [23:50]

Hidden fees in every retirement plan [30:52]

How to try Blooom for free [51:10]

Subscribe via iTunes Subscribe via Stitcher

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.