Episodes
It is essential for us to learn how to thrive while working from home. Our modern workforce has been heading towards working remotely for years, but of course the coronavirus has all but eliminated the ability for non-essential offices to continue to function as they had previously. The problem is that most of us don’t have home offices, or if we do, there are still countless distractions in our home that we’re not used to. And additionally, many of us have kids at home as well- while they...
Published 04/01/20
Since we’re all spending a lot more time indoors, getting to know our kitchens a little better and not going to restaurants, we’re particularly happy to have Beth Moncel joining us today. Before Beth was a food blogger, she was a microbiologist after earning a degree in nutritional science. Now, she has a massively popular site called Budget Bytes where you can find simple, delicious recipes that are designed for folks with small budgets. Beth has published a cookbook and she has developed a...
Published 03/30/20
Friday episodes are all about the coronavirus and your money. There’s a lot of news and information out there, and our goal is to distill that down to specific takeaways that will allow you to weather this surreal health and financial crisis. In today’s optimistic episode we cover a lot of good news coming down the pike, including the stimulus bill- how it looks like we’re all getting stimulus checks, unemployment benefits are being extended, and small business loans are getting amped up....
Published 03/27/20
It doesn’t matter if the market is flying high, or if it’s dropping faster than we’ve seen in history, each one of us is capable of making the occasional dumb decision, and it’s simply because we’re human! There are certain tendencies ingrained in us that can cause us to approach the world and our personal finances in an irrational way. Some of the hardest money mistakes to correct are ones that we make habitually because we don’t recognize the patterns that may have led us there. In order to...
Published 03/25/20
We’re kicking off the week by answering your questions! And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/ 1 - Should I utilize a VA loan to purchase a home? 2 - As a graduate student, what do I need to keep in mind as I’m applying for my first credit card? 3 - I’m repaying my student loans as part of the PSLF Program - should I make contributions to my Roth IRA? 4 - What are your thoughts on day trading and the expensive courses teaching you how...
Published 03/23/20
The economy and its effect on our personal finances continues to change due to the coronavirus, so our shorter Friday episodes are here to stay! Our goal is to provide you with timely and relevant information you need to be aware of so you can be in control of your money. In this episode we cover how to manage decreased or non-existent income along with bills that need to be paid, whether now is a good time to invest in stocks, and what you need to know about unemployment benefits. And as we...
Published 03/20/20
Maybe the reason you haven’t been able to stick with a budget is because you’re trying to use the wrong kind of budget! There are different approaches, apps, and methods out there, and finding the right one for you could be the difference between a failure to launch, and you becoming a budgeting pro. We’re here to remind you of the many benefits of having a budget- it’s not only about saving more money (but really, who needs more of a reason than that?!). We’ll share some universal tips that...
Published 03/18/20
If you feel overwhelmed at the thought of investing in the stock market, then look no further. We are fortunate enough to be speaking with the one and only JL Collins. JL is an expert in the arena of investing and is the author of the book “The Simple Path to Wealth”. In his book and on his site, JL writes about how truly straightforward and simple it is to invest your money in order to achieve financial independence. Not surprisingly, he’s also considered by many to be the godfather of the...
Published 03/16/20
This is a special edition of How to Money to address the financial effects of the coronavirus and what we should be doing with our money during these volatile times. With the spread of Covid-19, there are many changes impacting our lives we do not have control over. However, we do have control over what we do with our money- especially our investments. Take a quick listen as we answer several listener questions and address some additional areas of our lives that might be affected by the...
Published 03/13/20
Feeling overworked?! Between trying to get ahead at your 9-5 and pursuing side hustles, chances are really high that you feel like your work-life balance is out of whack. We find ourselves chronically fatigued and exhausted because we give too much to our work, leaving little left for ourselves and those around us who we love. For instance, as a result most Americans don’t take all their vacation time- and when they do, they find it impossible to actually stop working! This ongoing cycle of...
Published 03/11/20
This week on the podcast we’re answering your questions! And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/ 1 - What is a cash management account and should I have one? 2 - Should I pay $9500 to exit a work contract early? 3 - Aside from a 529 plan, how else can I invest on behalf of my young son? 4 - Rule of 173, single family vs multi-family properties, and is my money safe with a brokerage like M1 and Vanguard? 5 - Not a question- but a great...
Published 03/09/20
With the proliferation of electric vehicles, you might be wondering if you should look into an EV for your next car purchase. The advancements in battery technology means that range issues aren’t nearly as much of a concern. And with more and more automakers releasing their own lines of EVs, it’s clear that the electric vehicle is here to stay. There are countless benefits that accompany an electric vehicle but that doesn’t mean that EVs are for everyone. In this episode we talk about the...
Published 03/04/20
Delaying your college application a few months could cost you $20,000! This is just one of the many things we learned during our conversation with Certified College Counselor, Elisia Howard. She has been in education for fifteen years and worked in college admissions for five years before starting College Insights in 2015. At College Insights, Elisia helps students navigate college decisions through academic advising, resume building, and applying to the right schools. She is passionate about...
Published 03/02/20
Working hard for money isn't a foreign concept, but working hard to receive good customer service often is- we so rarely advocate for ourselves! The first step when you're looking for great customer service is to be sure to do business with a reputable company. After that, there are plenty of additional elements to consider to not only save you money, but allow you to walk away from a transaction completely satisfied and raving about how great of an experience you had when you needed...
Published 02/26/20
This week on the podcast we’re answering your questions! And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/ 1 - Should I pay off my credit card debt that has a 0% interest rate? 2 - How much money should I have in my emergency fund since we’re house hacking with a duplex? 3 - What do I do with money that I’ve inherited as a 401k? 4 - Does whole life insurance make sense for me? 5 - What does it mean if I don’t have a credit score? During this...
Published 02/24/20
You won’t be surprised to hear that we’re critical of the consumeristic society we live in. Our culture wants us to believe that buying things will lead to greater levels of happiness. And maybe we’ve been convinced because 70% of the overall economy is driven by consumer spending. Here’s an alternate take though: our generation seems to value experiences more than stuff, but are experiences a better use of our money? Will we be able to find more happiness through greater spending on a cool...
Published 02/19/20
Our guest today, Doug Nordman starts every morning by checking the surf forecast to see how he’s going to spend the day. He and his wife are financially independent and live on the island of Oahu, which is a surfer’s paradise! Doug was able to achieve this amazing life by taking advantage of the financial benefits offered to him by the military, as well as through standard practices like budgeting and investing extra money towards retirement. He was enlisted in the Navy where he had a career...
Published 02/17/20
There will be declines in the stock market, and you’ll likely see the amount of money you have invested begin to drop. This is normal during a bear market- stay calm! It’s also OK to feel a little nervous. We are emotional creatures after all, and while it’s fine to feel a little anxious if you’re hemorrhaging money in your investments, it is NOT fine to react to these declines by selling and getting out of the market. It doesn’t help that the 24-hour news cycle and media outlets are fueling...
Published 02/12/20
This week on the podcast we’re answering your questions! 1 - Should I continue to balance my checkbook every month, or is it a waste of time? 2 - I have 2 daughters who rarely drive- how can I reduce how much I spend on their car insurance? 3 - Should I purchase a primary residence or a couple investment properties instead? 4 - Is identity theft insurance worth the money? 5 - As a small business owner, should I consider offering a SIMPLE IRA or a 401k? And if you have a question for us, we’d...
Published 02/10/20
Are you saving your money when instead you should be investing it? Or maybe you’ve been investing, but alternatively you should be saving! Folks get confused as those terms are often used interchangeably, but they are very different. For example, we call it “saving for retirement” when we are actually “investing for retirement.” Saving and investing are both important and have their place, and so the trick is knowing when you should be doing either. During this episode, we’ll cover some of...
Published 02/05/20
Wanna sell your house for a lot of money? Then it would behoove you to listen to this interview! Our guest today, Mindy Jensen, is a licensed real estate agent in Colorado and has been buying and selling homes for about 20 years. And not only does she buy and sell them for her clients, but she’s an investor herself and specializes in live-in flips. Mindy works for BiggerPockets.com where she helps investors learn the proper ways to invest in real estate and she also co-hosts the podcast...
Published 02/03/20
We live increasingly busy and complex lives and the same is true of our money. Repeatedly making smart money moves is hard. It’s easy for us to forget or just get plain lazy when it comes to doing the right thing with our funds. Between our different bank accounts, multiple credit cards, and debt obligations, it can be difficult for us to take action on a consistent basis that will have a long-lasting effect on our personal finances. That’s where automation comes in- it helps us to engineer...
Published 01/29/20
This week on the podcast we’re answering your questions! Our family has outgrown our current car so our multiple road trips every year are getting cramped. Should we purchase a new (used) car, or rent a larger vehicle as needed? Does the 5 year holding period apply to my contributions of my Roth IRA? Should I purchase pet insurance? I’d like to save up a down payment for a home but I’m also currently paying down debts using the debt snowball method. What should I do? I have student loans...
Published 01/27/20
Personal levels of indebtedness are at all time highs in our country. Consumer spending is growing, student loans are ever-present, and car loans are becoming even more of an issue as consumers take out 72 and 84 month loans. The reality and feeling of drowning in debt is compounded when folks don’t know how to get out from underneath this crushing weight. Where do you even begin?! What we need is a plan to help us get out of debt and get our feet set in the right direction this year. Now is...
Published 01/22/20
If you’re thinking about starting your own side hustle, then this episode is a #MustListen! Vincent Pugliese is a husband, dad, and a professional photographer who started out at making $15 an hour working for the local newspaper, to paying off $140,000 in debt in 4 years. Through his journey to become debt free, he discovered the power of being self-employed, and the impact it can have towards not only achieving financial freedom, but time freedom and life freedom as well. During this...
Published 01/20/20