How to Money

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Latest Episodes:

Ask HTM - Student Loans Blocking Roth IRA contributions, Tapping Retirement Funds After a Layoff, & Going with a Health Sharing Plan to Save Big #496 Apr 04, 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 - I’ve recently retired and I’m looking for an affordable health care option- what are your thoughts on health sharing plans?

2 - How do my fiance and I begin the process of house hacking after we’ve successfully run an Airbnb?

3 - Student loans are keeping me from investing within a Roth IRA, but should I be investing at all?

4 - Should I take a loan against my 401(k) or tap those funds early, if I need access to funds after getting laid off?

5 - I have a Health Savings Account offered by my employer, but I’m not able to invest those funds- what should I do?

During this episode we enjoyed a Sour Bikini by Evil Twin! 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!

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Friday Flight - Fake Free Tax Filing, Radical Sabbaticals, & 24/7 Stonk Trading #495 Apr 01, 2022

Show notes

It's time for a Friday Flight! These episodes are all about 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: slashing housing expenses with ADUs, new construction, and multi-generational households. Also we discuss making more money as a contractor, radical sabbaticals, choosing more meaningful work with flexibility, fake free tax filing, results of couples combining their money, 24/7 stonk trading, and new legislation that’ll benefit investors!

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!

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See omnystudio.com/listener for privacy information.

Spring Cleaning Your Finances like an Adult #494 Mar 30, 2022

Show notes

Your birthday comes around every year- and you never forget because it’s something that you look forward to! But we’d argue that there are certain financial tasks that we should also revisit at least once a year, but we’re less than enthusiastic about knocking them out. This neglect is compounded by the fact that our finances have gotten more complicated than ever. You likely have accounts everywhere: you might have multiple 401ks, savings accounts, credit cards- it might feel like there’s too much going on as you juggle more logins than you can keep up with. Now these are tasks that don’t need to become ongoing obligations, but we do think they will help you make your personal finances more manageable. Whether it’s something as straightforward and practical as making some tweaks to your budget or if it’s the beginning of a season of reevaluating your life goals, we have a number of tasks that will allow you to spring clean your finances.

During this episode we enjoyed a classic: Saison Dupont by Brasserie Dupont! 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!

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Paying Off a Million Dollars of Debt with Naseema McElroy #493 Mar 28, 2022

Show notes

Today we are joined by Naseema McElroy! Naseema is an RN with a master’s degree in healthcare administration, who also founded the website Financially Intentional and launched the podcast, Nurses on FIRE. Both of these resources exist to help nursing professionals achieve a sense of financial freedom in their lives. Given the demand for healthcare workers, there are a lot of career opportunities available so we’re excited to touch on that. Naseema also wrote the book, Smart Money, to give folks a step-by-step plan to crush their debt. But most impressively- Naseema has paid off over one million dollars of debt which doesn’t even seem possible- don’t worry, she explains her story! She details how she climbed out of massive debt as a single mother, the turning point in her journey towards financial independence, nursing as a cheat code to earning more, keeping lifestyle inflation in check, and much more.

During this episode we enjoyed a Dosvidanya Rye Barrel by Destihl 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!

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See omnystudio.com/listener for privacy information.

Friday Flight - Annoying Tipping Trends, Dumb ARM Mortgages, & Family Plans Forever! #492 Mar 25, 2022

Show notes

It's time for a Friday Flight! These episodes are all about 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: please send us a voice memo of your best money tip to be featured on episode 500, medical debt officially dropping off credit reports, WTD with your $3,000 tax refund, buyers going on strike, annoying tipping trends, whether grocery delivery is good for your money, dumb ARM mortgages, buy now pay later at the pump, the right to know earnings for degree programs, transparent college pricing, & cell phone family plan pricing forever!

Best friends out!

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Busting Some Credit Score Myths #491 Mar 23, 2022

Show notes

You know you can’t believe everything that you read on the web, right?! There are all sorts of myths, half truths, and straight up lies that can not only make us look foolish were we to believe them, but they can also separate us from our hard earned money and cause us financial harm. And it turns out there are a number of myths that pervade how many think about their credit scores. Some of this confusion has to do with the fact that different lenders reference different scoring models, so it’s tough to know exactly what is going on underneath the hood. But in addition to that there is flat out wrong information floating around that has an impact on how we view these mysterious three digit numbers- our credit scores. Listen as we tackle some popular credit score myths head on, and explain what you actually need to do in order to maintain a healthy credit score.

During this episode we enjoyed a Hello World by Spyglass Brewing- a big thanks to Gary over at The Fat and Broke podcast for donating this one! 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!

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Ask HTM - A Bachelorette Party Frugal or Cheap, Short-Term Job Financial Considerations, & if a Bigger Downpayment Makes Sense #490 Mar 21, 2022

Show notes

1 - What should be my top financial priority when I know my job is only guaranteed for a year?

2 - Should I make a larger down payment in order to keep my mortgage below 25% of my monthly budgeted expenses?

3 - Am I being frugal or cheap if I’m willing to skip my friend’s bachelorette party?

4 - I’m thinking about converting my primary residence into my first rental property to rent to a friend- what should I keep in mind?

5 - How do I get my HOA to start investing the building’s reserve funds?

During this episode we enjoyed an Aspect Ratio by Spyglass Brewing- a big thanks to Gary over at The Fat and Broke podcast for donating this one! 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!

Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

See omnystudio.com/listener for privacy information.

Friday Flight - Rate Hike Repercussions, Thieves Targeting Your Car, & Password Sharing Crackdowns #489 Mar 18, 2022

Show notes

It's time for a Friday Flight! These episodes are all about 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: send us your money tips, rate hike repercussions- what it means for mortgages and credit cards, commercials make a comeback on streaming, password sharing crackdowns, housing bidding wars, waiving contingencies, Tom Brady’s game winning football, NFTs getting hammered, thieves targeting your catalytic converter, going with electric vehicles to opt out of rising gas prices, fly now pay later, and medical debt potentially dropping off of your credit report.

Best friends out!

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See omnystudio.com/listener for privacy information.

Getting Rich vs Building Wealth #488 Mar 16, 2022

Show notes

Would you ever pick up the habit of smoking in order to lose some weight? After all it is effective- by lowering your metabolic rate and reducing your appetite you’re bound to shed a few pounds. It sounds like a quick fix worth considering, but ultimately we hope that this isn’t something that you would do because everyone is well aware of the longer-term health consequences of smoking. The downsides are too severe. But we think this is exactly what is happening when you prioritize getting rich over building wealth. Sure there will be some short-term goals and lifestyle improvements that you’ll be able to make, but the long-term effects of pursuing a lifestyle like this are ultimately going to undermine your financial foundation. Listen as we talk about the differences between getting rich and building wealth. We also highlight some unhealthy behaviors that we might be tempted towards, in the pursuit of riches. And then finally we discuss how it is that we can actually build our own wealth.

During this episode we enjoyed a Tropicalia by Creature Comforts! 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!

Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

See omnystudio.com/listener for privacy information.

Straightforward Advice to Lower Your Tax Bill with Shannon Weinstein #487 Mar 14, 2022

Show notes

How concerned should I be about getting audited? How much should my business make before I file as an S Corporation? Is there a free accounting software option out there? These are just a few of the questions we have for our guest today, Shannon Weinsteen. Shannon is a CPA, coach, and mentor for small business owners who want more perspective and less paperwork when it comes to their finances. Her company, Fitnancial Solutions, offers tax strategy and fractional CFO services delivered from the heart of a teacher who values connection and authenticity. Shannon’s real-life relatable examples make the financial side of business less daunting so you can focus on serving your customers and making money. She is the host of the Keep What You Earn podcast and we’re excited for you to hear some straightforward advice to lower your tax bill.

During this episode we enjoyed a Quantum Desolation by Little Cottage! 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!

Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

See omnystudio.com/listener for privacy information.

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