How to Money

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Latest Episodes:

Ask HTM - Breaking Bad Budgets, Higher Returns By Investing In A Side Hustle, & WTD About A State Pension #526 Jun 13, 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 - How detailed should we get with our monthly budget - should we break out individual items on receipts?

2 - What kind of pre-tax-post-tax balance should I strike when contributing to retirement accounts?

3 - Should I seek higher returns by investing more into my side business?

4 - For my retirement - should I continue building up towards my state pension or switch to a 401k with a match?

5 - Is it a good idea to tap equity in my current home for a down payment on an investment property?

During this episode we enjoyed a Taras Boulba by Brasserie De La Senne! 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.

Going Minimalist To Save More w/ Joshua Becker (Bestie Ep) #525 Jun 10, 2022

Show notes

We’ve all heard about the minimalist lifestyle- maybe you’re picturing a bearded hipster drinking coffee in his perfectly white dining room or an Instagram worthy, perfectly styled modern kitchen. It turns out that’s not what minimalism is all about- it’s about priorities. We felt that that summer is a great time to hit reset on a number of things in life, including the vast amount of clutter that many of us surround ourselves with. Here to talk with us today about minimalist living is Joshua Becker. While beginning the process of removing possessions from his life, Joshua started the site Becoming Minimalist and has written several fantastic books over the years including The More of Less, The Minimalist Home, as well as the recently published Things That Matter. Not only can a minimalist approach to life allow us to spend less and save or invest more, but it can have a positive impact in lots of areas of our life.

During this episode we enjoyed an I Feel It All by Monday Night Brewing! And as we ramp up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times!

Best friends out!

See omnystudio.com/listener for privacy information.

We’re Moving! Our Advice For Finding A Great Place To Live #524 Jun 08, 2022

Show notes

Think back to when you were a kid- can you remember an instance where you asked your parents a question, and instead of explaining the actual answer, they just said “Because I said so”. How frustrating! Or maybe in middle school you were horrified to even be seen with your folks in public because of something they were wearing. You’d say to yourself “I’m never going to be like parents!”. Well that was us to a T, and we always thought we’d be intown city dwellers. Well times have changed and so we’ll share why it is that we’re moving (yes… both of our families!), but we realized this is also an incredibly relevant topic for a lot of folks out there. Of course housing is everyone’s top expense, but there are many reasons why moving is top of mind for a large percentage of Americans. Listen as we discuss a healthy framework and factors to consider when you’re debating a move. Not only financial considerations like cost of living and increasing your earning potential, but also lifestyle considerations like relationships and schools. And we’ll also leave you with a few tips to help ensure you’re making this move without breaking the bank.

During this episode we enjoyed a Stuckey’s Pecan Log Roll by Wild Heaven! 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.

Cashing Out To Build Wealth On Your Own Terms with Julien & Kiersten Saunders #523 Jun 06, 2022

Show notes

We’re joined by fellow Atlantans- our friends Julien & Kiersten Saunders! They started their site Rich & Regular back in 2017 after they threw themselves into the financial independence movement and paid off $200,000 in debt. They’ve been featured virtually everywhere- the Times, the Atlantic, Bloomberg. They’re successful speakers, created a fantastic Youtube series called Money on the Table, and now they’re about to be published authors! Their book “Cashing Out: Win the Wealth Game by Walking Away” comes out next week. In the book they write about creating your own career path, making peace with your finances, and building wealth on your own terms. During this interview we discuss Julien & Kiersten’s introduction to the FIRE movement, avoiding imposter syndrome when creating content, and how to actually know if it’s time to cash out by quitting your job.

During this episode we enjoyed a Valley of Gold by Wild Heaven! 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 - Perpetual Quitting, A Second Hand Surge, & Debt Management Plans #522 Jun 03, 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 continue to make smart money moves. In this episode we cover some relevant and helpful stories like: perpetual quitting, the second hand surge, stepping away from social media and work, going prairie style to combat higher water bills, why a master’s degree can lead to a negative return on investment, avoiding crapcoins as payment for anything, fighting back against shrinkflation, and debt management plans.

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.

Is The Stock Market Broken? #521 Jun 01, 2022

Show notes

Imagine hopping on a flight to visit your parents on the other side of the world. You don’t avoid flying by plane because there’s likely going to be some turbulence- a few rough patches are to be expected. You take advantage of the modern marvel of a transatlantic flight and you go and see your family! Similarly, the stock market is the greatest wealth creating machine in history- it’s amazing! Investing in the market to achieve millionaire status has become possible for a much wider swath of folks but the path comes with its fair share of corrections and bear markets. To go back to the analogy- what if it's starting to look like air travel is no longer safe? You start to consider that upcoming flight! Sure, we’re seeing some market volatility now but future market predictions aren’t looking all that rosy either. Is it time to consider pulling out of the market? During this episode we’ll discuss why the market saw massive gains over the past 2 years, why we’re optimistic about the future of the stock market, what you should be doing if we experience a future of weak returns, and how you should be investing regardless of what’s going on with the stock market.

During this episode we enjoyed an Escape From Lager Mountain Flying Machine! 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 - ETFs vs Mutual Funds, Taking Advantage of a Zero Down Home Loan, & the Nitty Gritty of FIRE #520 May 30, 2022

Show notes

1 - Should I buy ETFs or mutual funds when investing within a taxable brokerage account?

2 - What should we do with the proceeds from selling our house?

3 - As we achieve FIRE, how do we go about easily withdrawing our retirement funds early without getting hit with penalties?

4 - Is it a good idea to put down 0% on a new home? And if it is, what should I do with extra money that I would have on hand?

5 - Should I ditch my workplace 401k and move to a Roth IRA instead?

During this episode we enjoyed a Dad’s Oatmeal Cookie Stout by O’Fallon Brewery! 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 - Sour on Stocks, Living For Today, & Frustrating Phone Repairs #519 May 27, 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 continue to make smart money moves. In this episode we cover some relevant and helpful stories like: last call for the $1,000 travel credit card welcome bonus, babysitters making bank, most folks are sour on stocks, passive index funds on top, the emotional difficulty of retiring, cultivate your core pursuit ASAP, financial nihilists living for today, appealing your property taxes, paying top dollar for vacation subscriptions, & frustrating phone repairs.

Best friends out!

See omnystudio.com/listener for privacy information.

Flee Before You’re Fleeced: Crappy Financial Products To Avoid #518 May 25, 2022

Show notes

The CDC definition of a parasite is: an organism that lives on or in a host and gets its food from or at the expense of its host. They’re not necessarily out there to completely destroy you- at least not immediately. Instead they want you to go on living your life, so that they can leach as much as they can while they get fat and happy, hopefully without you even noticing. And that’s exactly how we feel about crappy financial products except they’re not feasting on your blood, they’re feasting on your dollars. Their ability to thrive comes at your expense and it’s abundantly clear that these crappy financial products don’t have your best interest in mind. So today we’re going to run through a number of the worst culprits out there, why they’re the worst, and then what you can do in order to make sure that you avoid getting fleeced.

During this episode we enjoyed a Wrigley Fields Forever by Good Word 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.

Why You Need a Money Coach in Your Corner with Ericka Young #517 May 23, 2022

Show notes

It’s time to get your financial butt in shape! Our guest today, Ericka Young, is the financial coach that she never had! As a newlywed couple, Ericka and her husband discovered that it’s actually pretty easy to become just like the average US household that now has over $150,000 in debt. It’s the norm and if you don’t have a plan to avoid debt, you will likely find yourself falling into that trap! But that’s not the path that Ericka continued along- she was determined to change her family tree, and now helps others who are seeking financial freedom in their lives. Ericka started her company, Tailor-Made Budgets where she creates custom plans for her clients that give them the tools and the knowledge to cut their stress levels by increasing their savings and decreasing their debt. We get to hear Ericka’s debt story, how she was able to leave a high paying engineering job, signs that someone might need a financial coach, what it looks like to face your financial reality, how she helps her clients think through making trade-offs, and why friends may not be enough of an accountability partner.

During this episode we enjoyed a Where I Want To Be Deciduous 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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