How to Money

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Latest Episodes:

Mental Health is Financial Health w/ Aja Evans #737 Oct 18, 2023

Show notes

The fundamentals of personal finance aren’t all that complicated- there’s a reason why we came up with the Money Gears: 7 straight forward steps to take with your money. We could probably boil it down even more: spend less than you make, and invest the rest! So while the core principles of growing wealth are fairly simple, then why aren’t more Americans handling their money better? One reason is because we, as individuals, are incredibly complex! And that complexity can lead to a disconnect between what we know we should be doing with our money, and what we actually end up doing. Sometimes we need someone to guide us, which is why we’re excited to talk with Aja Evans. Aja is a Licensed Mental Health Counselor with over 10 years of experience and she works to help people move toward financial wellness by understanding their relationship with money, their money mindset, and how their feelings impact what they do with their money. And today we discuss confronting our money beliefs, social media’s impact on our finances, financial trauma, setting boundaries, and more!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed a Quality Time by Inner Voice Brewing! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Ask HTM - Distinctive Robinhood IRA Match, SAVE Plan Costing More, & Hunting for a $5k Car #736 Oct 16, 2023

Show notes

We’re kicking off the week by answering your listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

1 - Is it worth paying for Robinhood Gold in order to snag the higher match they offer on IRAs?

2 - Should my husband remove himself as an authorized user from his mom’s credit card that has a large balance, even if it’s his oldest line of credit?

3 - Does it make sense to switch to the new SAVE plan to save $6 a month if we’re expecting our incomes to rise?

4 - How can I find a decent $5,000 car- is it even possible?

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed an Icelandic Wee Heavy Einstok Olgerd! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Friday Flight - Atrocious Autopay, High Cost of WFH, & IRS Comes For Savers #735 Oct 13, 2023

Show notes

Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: Meta resuming credit card fees for donations, a direct EV tax credit, annual cost of car ownership, declining rates of bicycling, the high cost of WFH, atrocious autopay, projected Christmas spending, IRS coming for savers, the fall of financial advisors, & DIY’ing your way to wealth.

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money. Have an awesome weekend!

Best friends out!

See omnystudio.com/listener for privacy information.

Turning Thousands Into Millions w/ Paul Merriman #734 Oct 11, 2023

Show notes

Sure you could simply invest in a target date fund, or even take the more aggressive path by going all-in on equities and investing solely in the S&P 500. But what if that means you’re potentially leaving millions on the table by the time you reach retirement? That’s the question at the center of our conversation today with our guest Paul Merriman. He is the author of eight books, has a regular column at MarketWatch, is a legend in the DIY investing arena, and is an advocate of the Two Funds for Life investing strategy. That strategy outperforms the S&P and we discuss how you’re able to do that with small-cap value stocks! After Paul retired from his wealth management firm he founded the Merriman Financial Education Foundation a little over a decade ago. Of course it’s a non-profit, and is “dedicated to providing comprehensive financial education to investors at all stages of life” which is a mission that really resonates with us- he wants individuals to be informed and to understand how much they might be missing out on. We look at the historical data and it’s convincing enough that we might be changing how it is that we invest for our future!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed a Discipline Dubbel by Bold Monk! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Ask HTM - Societal Impact of Credit Card Fees, Auto Transfer vs Auto Invest, & Shielding Your Credit Report from a Bill in Collections #733 Oct 09, 2023

Show notes

1 - I have a recurring transfer to my Roth IRA but is that money actually invested?

2 - How do I keep a bill in collections from hitting my credit report?

3 - Should my life insurance death benefit be based on my outstanding debts or on a multiple of my annual income?

4 - If the societal impact of credit card fees are so negative, shouldn’t we avoid using them altogether?

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed a Walk on Water White by Bold Monk! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Friday Flight - 4 Day Work Weeks, AI Investing, & Diamonds are for Suckers #732 Oct 06, 2023

Show notes

Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: avoiding Disney at Christmas, four-day workweeks vs remote work, Project Nile launching an AI shopping experience, investing in AI, Costco gold bars, diamonds are for suckers, Shaq’s Shop, calling the cops on your king crab, finfluencer whac-a-mole, & mortgage rates surging towards 8%.

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

Best friends out!

See omnystudio.com/listener for privacy information.

The Myth of the Broke Millennial w/ Dr. Jean Twenge #731 Oct 04, 2023

Show notes

There’s a massive difference between how something feels versus the actual reality. We’re talking about vibes as opposed to empirical evidence. And that’s why we’re happy to talk with Dr. Jean Twenge who is a professor of psychology over at San Diego State University. She has researched the personal finances of the different aged cohorts and few experts have addressed the topic of generational change as well as she has. Dr. Twenge has written multiple books on the defining characteristics of specific generations- she did that in her book iGen where she focused on Gen Z, and her latest book, Generations, covers the oldest Silent Generation to the youngest Polars. And an article that she wrote in the Atlantic really caught our eye, because not only did she write about our generation, but she spoke directly to the wealth accumulation of Millennials which of course we found particularly fascinating. Today we discuss generational stereotypes, the impact of individualism and technology on wealth, some of the bigger financial obstacles we face today that our parents didn’t have, the ‘slow life strategy’ and what that means for Gen Z, plus much more!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed an Icelandic Arctic Pale Ale by Einstok Olgerd! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Ask HTM - (Gun) Hobby Spending Disagreements, Int'l Roaming with the Low Cost Providers, & Managed Retirement Accounts FTW? #730 Oct 02, 2023

Show notes

1 - Should I exit a managed retirement account even though I have seven figures in there?

2 - Is there any benefit to paying off a mortgage earlier in the life of the loan as opposed to later?

3 - What should I keep in mind as the new owner of the house next to me is planning to rent it out?

4 - How should I approach a gun hobby spending disagreement with my spouse?

5 - International roaming with the low cost cellular providers- Mint Mobile or someone else?

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed an Icelandic Arctic Lager by Einstok Olgerd! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Friday Flight - Student Loan Payment Panic, Hottest Job Prospects, & Drug Discounts #729 Sep 29, 2023

Show notes

Time for a Friday Flight- our little sampling of the week’s financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like: negotiating a FAT raise, student loan payment panic, retailers nervous about declining consumer confidence, holiday hiring, jobs poised for the most growth, elusive medallion status, more mediocre media, inertia bias costing you monthly, drug discounts, & the best affordable new and used cars.

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

Best friends out!

See omnystudio.com/listener for privacy information.

Family First Entrepreneurship w/ Steve Chou #728 Sep 27, 2023

Show notes

The term “hustle” might be synonymous with “entrepreneur” for a lot of folks. And they might be interchangeable because it certainly does take hard work to get your own business off the ground, but it doesn’t have to mean giving up everything else that’s important to you along the way. Steve Chou is our guest today and he’s launched multiple businesses- everything from an eCommerce site, to an online course, to an annual conference, and he wants everyone to consider how they can achieve financial freedom by starting their own businesses… but not the kinds of businesses where growing, scaling, and maximizing revenue is the goal. Instead it’s all about discovering a business that works for your goals and your lifestyle, and that’s what Steve writes about in his book The Family First Entrepreneur. We discuss coming up with an idea for a business, having priorities other than work, transitioning away from a day job, what holds some folks back from getting started, and plenty more!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.

During this episode we enjoyed an Ubu Ale by Lake Placid Brewery- a big thanks to the RAD Coaches, Rebecca & Dylan! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

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