How to Money

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Latest Episodes:

How Much Should I Give To Charity? #596 Nov 23, 2022

Show notes

Farming has to be one of the most difficult careers if our (lack of) success at gardening is any indicator. By no means are we farmers, but from what we do know about growing food, it’s important to periodically let your fields lie fallow. This allows the soil a chance to rest and restore some nutrient balance. It’s counterintuitive, it certainly feels like taking time off from growing crops is going to hurt your bottom line but it’s incredibly necessary for the long-term health of the soil, as well as the success of the farmer. And we think the same is true when it comes to giving our money away. It sure doesn’t sound like a vital ingredient in a wealth-building formula, but we think that it actually is. And when we constantly talk about the different ways that we can work to have more money- whether that’s through spending less or earning more, we think it’s important to hit pause to encourage folks to do the opposite. We truly do believe that by giving away our money- even by starting out with small amounts, that we’re going to end up better off in the end. Listen as we discuss why we believe this to be true, who should be donating their money, how much we should be giving away, and some practical tips to help you to part with more of your money!

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.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed a Peach Cobbler American-Style Sour by Shades Brewing- thanks Andy for donating this one to the pod! 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.

The Wild History of Index Funds with Robin Wigglesworth #595 Nov 21, 2022

Show notes

If you’ve listened to the show for more than a couple episodes then you know that we’re big fans of index funds. Specifically, low-cost widely diversified index funds are what the vast majority of our portfolios consist of. But how did index funds come to be? And sure, we’re all for them but what does everyone else say? That’s why we’re pumped to take a deep dive into index funds today with Robin Wigglesworth who is editor of Alphaville over at the Financial Times. Robin is a financial journalist and he’s also the author of the book “Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever.” Passive investing is something we take for granted- for us, index funds have always been an option but that wasn’t always the case. It was a heretical idea in the past, so we’re excited to get into the history of one of the most important modern-day investing innovations: who was responsible for their creation, why hedge funds still exist if index funds are the path to wealth, potential downsides to passive investing, & 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.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed a Kveik 1 Golden Sour Ale by Shades Brewing- thanks Andy for donating this one to the pod! 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 - DeFi Debacle, Forgiveness Freeze, & Degree Displeasure #594 Nov 18, 2022

Show notes

Time for our Friday Flight! These episodes are a sampling of the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it 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 cover some relevant and helpful stories like: higher fees for robo advisors, forgiveness freeze, DeFi debacle, cash stuffing to get ahead, sunsetting credit card benefits, college degree displeasure, streamlining college with direct admissions, states with the best 529 plans, and fine art vs the S&P.

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.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

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.

Popular Money Advice That Just Ain’t Right #593 Nov 16, 2022

Show notes

Searing your steak as a way to ‘lock in the juices’ is something we’ve heard folks recommend for years! Get that grill hot as blazes, toss on your steak, and reap the juicy medium-rare rewards. But even though there might be a kernel of truth here, culinary scientists tell us that it’s not actually the best method. It turns out that the reverse sear is the better way to do it! Similarly, there are phrases and ideas in the personal finance space that get preached as though they’re the gospel truth. And there are a number of reasons why certain bits of advice stick with us- maybe it intuitively makes sense or perhaps it’s packaged well and is just flat-out catchy. We’re all looking for guidance and shortcuts but that doesn’t necessarily mean that these sayings are sage advice. So today we call out some of the biggest culprits on the show and share how you should be thinking about your money.

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.
Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Maximize your rewards by getting the best credit card for how you spend.
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed an Uplifted Scottish Ale by Talisman Brewing- thanks Andy for donating this one to the pod! 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 - Bank Bonus Bummers, Investing During A Bear, & A Kitchen Appliance Frugal or Cheap #592 Nov 14, 2022

Show notes

We’re kicking off the week by answering 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 - We don’t use our dishwasher- so should we save money by not buying one during our kitchen remodel?

2 - Are there any downsides to snagging any of the bank bonus offers?

3 - How can I get our car insurance premiums down with a kid off at college?

4 - What is the best way to invest during a bear market?

5 - My kid is an authorized user on my credit card- should I kick them off once they turn 18?

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.
Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Maximize your rewards by getting the best credit card for how you spend.
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed an Udder Chaos Chocolate Milk Stout by Talisman Brewing- thanks Andy for donating this one to the pod! 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 - Getting Paid To Pay Rent, Prime Perks, & A Low Score Costs You More #591 Nov 11, 2022

Show notes

Time for our Friday Flight! These episodes are a sampling of the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it 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 cover some relevant and helpful stories like: CNET calls Matt a liar, Costco hacks to save more, rents on the decline, getting paid to pay rent, all-in pricing with Airbnb, Prime perks or problems, the most expensive way to listen to music, a high enough credit score so you don’t pay more, secondary work benefits, & expensive high quality H20.

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.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

Best friends out!

See omnystudio.com/listener for privacy information.

Going Full CrossFit on Your Finances #590 Nov 09, 2022

Show notes

Back to the Future is easily one of the most quintessential 80s movies- come at us if you disagree! And there’s a scene early in the movie when Doc Brown basically explains how it is that he came up with the flux capacitor, which makes time travel possible. But the way that it came about was Doc was standing on his toilet, hanging a clock when he slipped and hit his head on the sink. It was at that precise moment that he came up with the flux capacitor- doing something completely unrelated to his quasi-scientific pursuits, which would forever alter his and Marty McFly’s life. It’s a moment from a classic movie that embodies the concept that you never know when inspiration is going to show up. Well in the same way that a stroke of genius came to Doc when he least expected it, we’ve found that there are so many different money lessons that we’ve both learned from working out and getting more fit! Luckily it didn’t take us hitting our head on the sink but here is a ton of crossover between physical fitness and personal finance. And we think regardless of how active you are (no gym membership required), there are some fantastic lessons to be learned from exercise that will lead to you becoming more financially fit.

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.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed an Oktoberfest by Talisman Brewing Company- thanks for donating this one to the show Andy! 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.

Killer $5,000 Cars & The Future of EVs with Consumer Reports’ Mike Quincy #589 Nov 07, 2022

Show notes

Aside from buying a home, buying a car is one of the most expensive one-time purchases that we make. This is a part of the reason why we spend a decent amount of time talking about cars! Over 16% of American household budgets are spent on transportation, so get this one decision right and it’ll be a massive boost to your personal finances. And that’s why we’re excited to have Mike Quincy joining us today. Mike is a car specialist and has been with Consumer Reports for nearly 30 years! He participates in the hands-on car testing, appears regularly on Consumer Reports Talking Cars podcast, and knows virtually all someone could know about new and used cars. We discuss why Consumer Reports buys all their own cars, where the prices of used cars is going, finding the balance between a car that you love vs a practical vehicle that gets you around, some of the best used cars if you’re on a tight budget, and then the challenging future of electric vehicles.

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.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed a Witches Brew Ale by Talisman Brewing Company- thanks for donating this one to the show Andy! 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 - Checkout Hacks, Calming Compounding, & Balenciaga Babies #588 Nov 04, 2022

Show notes

Time for our Friday Flight! These episodes are a sampling of the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it 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 cover some relevant and helpful stories like: I bonds are still paying big, cutting back on gift giving, Balenciaga babies, kicking Coinstar to the curb, the worst time to tap your 401k, calming compounding, 529 accounts for all the wrong reasons, groceries from 2019, & interest rates hitting car payments.

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.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

Best friends out!

See omnystudio.com/listener for privacy information.

Fast-Tracking Your Kids To Financial Success #587 Nov 02, 2022

Show notes

Most Americans didn’t have an inkling about Formula 1 racing for most of its existence, until the Netflix show Drive to Survive came along. It’s amazing what a docuseries can do for a sport that was typically relegated to Europe! But an interesting thing about F1 is that the driver with the fastest lap time in trials the day before gets the pole position which is the best starting position at the beginning of the actual race. It turns out that the driver who gets that crucial advantage right out of the gate wins more than 42% of the time. Where you start matters! And similarly we think there is a massive advantage gained in life when kids have the basics of financial literacy as tools and lessons that they can draw on from a young age. Not only will their wealth compound over the years but so will their knowledge and the positive behaviors that they build upon. Listen as we discuss a number of lessons you can implement now, the behavior you’ll model, and the accounts you can open in order to fast-track your kids to financial success.

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.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed a Prostmeister by Oddstory 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.

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