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    Business

    NerdWallet’s Smart Money Podcast

    NerdWallet’s trusted finance journalists answer real-world money questions to help you make smarter financial decisions with confidence.

    Each episode dives deep into topics like budgeting, saving, investing, home buying, and credit cards, cutting through misinformation to bring you clear, actionable advice backed by thorough research.

    By the end of every episode, you’ll have the latest financial insights and the tools you’ll need to manage your money wisely, build wealth, and plan for life’s milestones. And if you have questions for the Nerds, you can leave them a voicemail at 901-730-6373.

    Join hosts Sean Pyles, CFP®, Elizabeth Ayoola, and other expert Nerds as they answer your biggest money questions and share strategies to help you build wealth and reach your financial goals, including:

    – Investing: Advanced investment strategies, integrating ETFs and mutual funds into a diversified portfolio, tax-efficient retirement planning, understanding Roth IRA conversions, and navigating robo-advisors.

    – Credit Cards: Top credit cards for travel rewards and luxury perks, balance transfer strategies, maximizing credit card points, and optimizing credit card usage to boost your credit score.

    – Personal Finance: Advanced budgeting tips, building generational wealth, creating effective savings plans, managing high-income expenses, and developing a strong money growth mindset.

    – Home: Smart strategies for homebuying in competitive markets, leveraging home equity loans and HELOCs, refinancing for long-term savings, first-time homebuying tips, and budgeting for major home improvements.

    If you’re searching for the best personal finance podcasts or want practical knowledge to make smarter money decisions, then follow NerdWallet’s Smart Money Podcast.

    You’ll love NerdWallet’s Smart Money Podcast if you like podcasts like: Planet Money, The Personal Finance Podcast, DIY Money, Afford Anything, How to Money, The Ramsey Show, Money Rehab with Nicole Lapin, NPR’s Life Kit: Money, Popcorn Finance, Money Girl,Money Guy Show, Everyone’s Talkin’ Money, So Money with Farnoosh Tarabi, The Money with Katie Show, All the Hacks with Chris Hutchins, The Stacking Benjamins Show, MoneyWatch with Jill Schlesinger, or Your Money, Your Wealth.

    NerdWallet Compare, Inc. NMLS ID# 1617539 NMLS Consumer Access: http://www.nmlsconsumeraccess.org/

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    Latest Episodes:
    Survive and Thrive: Felicia Day’s Gig Economy Playbook for Success Sep 02, 2024
    Show notes

    Writer, producer, and actor Felicia Day shares her financial journey working in Hollywood, with tips for managing your budget when gigs are inconsistent.


    What is your time worth?

    How do you value your time outside of work?

    How can you manage finances in an unpredictable career like acting?


    Hosts Sean Pyles and Sara Rathner discuss the concept of time valuation to help you understand how to balance personal worth against income. They begin with a discussion of time valuation, offering insights on the average hourly value people place on their time, the impact of this valuation on life decisions and assessing the value of unpaid personal tasks.


    06:10 Interview with Felicia Day

    Sean speaks with Felicia Day about the financial strategies she employed to maintain an unstable career in Hollywood. They tackle topics such as frugal habits, the significance of diversifying one's portfolio for career longevity and aligning creative passions with financial stability. Plus: How to understand the financial education that you may have received even without having ever been given a formal financial education.


    In their conversation, the Nerds discuss: Hollywood finances, managing finances, acting career, freelancing lifestyle, financial strategies, financial acumen, Hollywood journey, value of time, budgeting tactics, work-life balance, career growth, financial stability, creative careers, personal well-being, professional satisfaction, financial security, generational differences, personal time investment, freelancing finances, unstable careers, diversifying skills, frugality, budgeting skills, theoretical mathematics, content creation, business acumen, media industry, creative fulfillment, career shifts, entrepreneurial leaps, work-life harmony, managing a budget, career resilience, and skills diversification.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Balance Traditions and Wealth-Building with ‘Culturally Competent’ Tips from Jannese Torres Aug 29, 2024
    Show notes

    Understand how first-gen Americans can achieve financial success with tips for balancing cultural obligations and wealth-building strategies.


    How can first-generation Americans grow their wealth and protect their money? How can you set financial boundaries with family and friends while staying committed to your long-term financial goals? Hosts Sean Pyles and Kim Palmer discuss the unique financial challenges faced by first-generation Americans and immigrant families to help you understand strategies for achieving financial independence. They begin with a discussion of tips and tricks on managing dual financial pressures of supporting oneself and one's parents and breaking cycles of poverty through self-compassion and financial education.


    Jannese Torres, host of the personal finance podcast Yo Quiero Dinero, joins Kim to discuss the importance of building a strong financial support network tailored to individual needs. They discuss strategies for identifying trustworthy financial advisors, setting and maintaining financial boundaries with family and friends, and gracefully declining costly invitations in favor of ensuring long-term financial success. This episode is essential listening for anyone navigating cultural and familial obligations while striving for financial independence.


    In their conversation, the Nerds discuss: financial success, first-generation Americans, wealth building strategies, Jannese Torres, mastering money, immigrant families, navigating financial challenges, first-gen success, building wealth, immigrant stories, financial freedom, new Americans, supporting family, financial goals, empowering immigrant communities, financial literacy, actionable advice, cultural responsibilities, retirement savings, breaking cycles of poverty, self-compassion, financial stability, culturally competent education, financial trauma, financial support network, trustworthy advisors, financial boundaries, costly events, long-term financial success, multiple income streams, personal finance, and money beliefs.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Safeguarding Your Identity After the National Public Data Breach Aug 28, 2024
    Show notes

    Learn how the National Public Data breach could affect you and what actions you can take after a major data breach occurs.


    What should you do after a major data breach? How can you secure your data from unscrupulous data brokers? Hosts Sean Pyles and Anna Helhoski discuss the alarming security breach at National Public Data with investigative journalist Bob Sullivan, exploring the implications of the breach and providing actionable tips on how to protect your personal information from future threats.


    Then, Sean and Anna discuss the latest money headlines, including Fed interest rates, the turbulent real estate market’s challenges posed by high mortgage rates and rising home prices, and the antitrust lawsuit against RealPage for alleged price-fixing in the rental market.


    Use NerdWallet’s “How much house can I afford?” calculator: https://www.nerdwallet.com/mortgages/how-much-house-can-i-afford/calculate-affordability


    In their conversation, the Nerds discuss: National Public Data breach, Social Security number protection, credit monitoring, interest rate cut, Fed interest rates, housing market trends, mortgage rates, home affordability, real estate market, rent increase, rental market, antitrust lawsuit, financial security, cybersecurity, credit score impact, data protection, mortgage tips, home buying tips, housing prices, RealPage lawsuit, rental software, property management, interest rate prediction, inflation impact, homeownership, financial planning, identity theft, security breach, class action lawsuit, credit report, credit freeze, housing market forecast, fed policy, real estate tips, housing affordability, mortgage rates 2024, and rental prices.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Reduce Financial Anxiety Now: Actionable Tips from a Live Planning Session (Video Episode) Aug 26, 2024
    Show notes

    A CFP helps a listener turn financial anxiety into actionable steps for budgeting, investing, and achieving financial peace of mind.


    NerdWallet Advisors is no longer accepting new clients, and will be closing its financial planning business as of December 20th, 2024.


    How can you be more comfortable spending money? What are strategies for combating financial anxiety? Host Sean Pyles sits in on a live financial planning session where Magda Doemeny, a certified financial planner from the NerdWallet Advisors platform, gives a listener (also named Sean) specific advice to reduce anxiety around their finances (advice given on behalf of Nerdwallet Advisors, not NerdWallet). They begin with a discussion of Sean's personal financial journey before Magda offers tips and tricks on setting clear short to medium-term goals, compartmentalizing savings to reduce stress, and understanding the risks and rewards of investing. She recommends actionable steps for helping him enjoy his money more without needing to stress over where every dollar is spent.


    ​​NerdWallet Advisory LLC (dba NerdWallet Advisors) is an SEC-registered investment advisor, and wholly owned subsidiary of NerdWallet, Inc. The advice provided in this episode of Smart Money was for illustrative purposes only and not intended as financial or investment advice specific to your personal facts or circumstances.


    This discussion covers: financial anxiety, financial peace of mind, financial planning session, budgeting strategies, investing tips, asset portfolio, certified financial planner, managing finances, financial goals, retirement planning, financial security, financial management, smart investing, wealth building, financial discipline, savings accounts, financial communication, financial relationships, college tuition, home down payments, financial stability, financial relaxation, money management, anxiety about money, achieving financial goals, budgeting and investing, financial goals and relationships, financial goal-setting, financial reassurance, financial stress, and disciplined financial planning.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Prepare for Your Pet’s End-of-Life Care: Balancing Love, Costs and Comfort Aug 22, 2024
    Show notes

    Learn how to make compassionate, informed decisions for your pet's end-of-life care, balancing costs, emotions, and love.


    How can you plan for end of life care for your pet? Hosts Sean Pyles and Ronita Choudhuri-Wade discuss the emotional and financial challenges of pet end-of-life care and the importance of early decision-making to help you understand how to make compassionate and practical choices that are realistic for your financial situation. They begin with a discussion of the gut-wrenching reality of limited pet lifespans, with tips and tricks on preparing for end-of-life care, weighing treatment costs against quality of life, and ensuring pets do not suffer needlessly.


    Dr. Fiona McCord, founder of Compassionate Care Vet Services, then joins Ronita to discuss the complexities of end-of-life care decision-making. They discuss the importance of early planning, balancing love and practicality in pet care, and resources for grief support. Through touching stories and practical advice, Dr. McCord emphasizes the necessity of preparing for the financial and emotional aspects of pet end-of-life care, helping pet owners navigate these challenging times with compassion and foresight.


    In their conversation, the Nerds discuss: pet end-of-life care, euthanasia vs natural death, compassionate care for pets, pet hospice options, pet grief support, financial planning for pet care, pet cremation costs, pet burial costs, managing pet health costs, balancing pet care costs and emotions, quality of life for aging pets, end-of-life pet decisions, veterinary advice for pet owners, in-home euthanasia for pets, pet loss resources, emotional support for pet owners, pet care budgeting, chemotherapy for pets, pet surgery costs, preparing for pet loss, compassionate choices for pets, honoring a pet's memory, practical tips for pet care, aging pet comfort tips, supporting pets in final days, financial challenges of pet care, early decision-making for pet care, grief counseling for pet owners, pet memorial planning, hospice care for pets, balancing love and practicality, ensuring pet comfort, end-of-life pet planning, avoiding pet crisis situations, pet loss and identity, managing chronic pet illness, and resources for pet owners.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Why Experts Criticize “No Tax on Tips” and What It Means for Your Wallet Aug 21, 2024
    Show notes

    Learn why experts criticize the “no tax on tips” policy and what it could mean for non-tipped workers if tips become tax-free.


    Why are some experts criticizing the proposed “no tax on tips” policy? Could it really benefit tipped workers as intended? Hosts Sean Pyles and Anna Helhoski discuss the nuances of the “no tax on tips” proposals from presidential candidates Donald Trump and Kamala Harris and break down why tax experts are skeptical about its effectiveness. Then, they cover the latest financial headlines, including updates on retail sales, car prices, and the potential Kroger-Albertsons merger.


    Calculating how much car you can afford before you visit the dealership can save you hundreds, maybe thousands, of dollars in the long run. To do that for free, you can use NerdWallet’s car affordability calculator here: https://www.nerdwallet.com/article/loans/auto-loans/much-spend-car


    In their conversation, the Nerds discuss: no tax on tips, tipping policies, federal income tax, tax exemption, tipped workers, minimum wage, inflation, car sales, grocery prices, Kroger Albertsons merger, consumer price index, CPI, retail sales, used car prices, payroll tax, earned income tax credit, child tax credit, recession, economic policy, subminimum wage, US presidential election, tax policy, financial headlines, tax credits, grocery merger, consumer spending, interest rates, federal minimum wage, Social Security, Medicare, restaurant industry, hospitality industry, tax loopholes, wage inequality, financial news, economic trends, car affordability, and tipping.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    How to Weigh Career Moves for Financial and Lifestyle Gains Aug 19, 2024
    Show notes

    Learn how you could save money by caring less about what other people think and how to weigh the pros and cons of a job offer.


    How can you save money by not caring about others' opinions? How does commute time factor into whether you should take an in-person job? Hosts Sean Pyles and Sara Rathner discuss freeing yourself from the pressures of social validation and adopting smart spending habits to help you understand how these approaches can boost your financial well-being. They begin with a discussion of saving money by “not caring,” with tips and tricks on avoiding unnecessary spending influenced by social media influencers, focusing on purchases that genuinely make you happy, and recognizing the fleeting dopamine rush from new buys. They also delve into strategies such as choosing unique vintage clothing, the benefits of a capsule wardrobe, and making thoughtful car-buying decisions.


    Then, hosts Elizabeth Ayoola and Sara Rathner talk to Andrew, a listener in Miami, about his decision to start a new job that would increase both his salary and his commute time. They discuss the trade-offs of job changes, the impact on work-life balance, and questions you can ask yourself to help align your career progression with core values.


    To see how much car you can really afford, check out NerdWallet’s auto loan calculator: https://www.nerdwallet.com/calculator/auto-loan-calculator


    In their conversation, the Nerds discuss: financial freedom, mindful spending, frugal living, social validation, smart spending, career decisions, financial well-being, fashion trends, financial fulfillment, savings boosts, self-esteem, social media influencers, vintage clothing, capsule wardrobe, car buying decisions, reliability over status, environmental impact, job change, lengthy commute, work-life balance, company culture, strategic financial decisions, emergency funds, automating savings, daycare expenses, salary increase, family time, freelance work, retirement savings, job switching, higher salary, outsourcing home tasks, remote work, hybrid roles, practical tips, dopamine hits, fashion creativity, and consumer purchases.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Planning for Pet Emergencies: Vet Budgeting Tips to Avoid Financial Stress Aug 15, 2024
    Show notes

    Learn how to financially prepare for the costs of pet emergencies with firsthand experiences from pet owners and experts.


    How much does emergency pet care cost? How much should you budget for unexpected pet expenses? Hosts Sean Pyles and Ronita Choudhuri-Wade discuss the unpredictable nature of pet emergencies and the importance of financial readiness to help you understand how to effectively manage unexpected veterinary costs. They begin by sharing their personal experiences and discussing the emotional toll of pet emergencies, with tips and tricks on setting up a savings account for pet expenses, considering pet insurance, and understanding the wide range of potential costs involved in emergency care. Vivien, a pet owner from Jersey City, New Jersey, also shares her story of dealing with an unexpected pet emergency.


    Then, Dr. Angela Beal, a veterinarian based in Columbus, Ohio, joins Ronita to discuss strategies for financially preparing for pet emergencies. They discuss tactics for setting up a dedicated pet emergency fund, the benefits of pet insurance, and practical steps for emotionally and financially managing unexpected veterinary expenses.


    Check our NerdWallet roundup of the best pet insurance companies for 2024: https://www.nerdwallet.com/article/insurance/best-pet-insurance-companies


    In their conversation, the Nerds discuss: pet emergency costs, pet insurance, emergency vet bills, pet emergency fund, veterinary expenses, unexpected pet expenses, pet care costs, saving for pet emergencies, pet health care, pet emergency planning, emergency pet care, financial preparation for pet emergencies, pet savings accounts, budgeting for pets, cost of pet care, pet insurance policies, veterinary emergencies, pet health insurance, affordable pet care, emergency vet visits, pet financial planning, veterinary care costs, pet expense management, planning for pet emergencies, pet healthcare credit cards, financial tips for pet owners, pet care budgeting, veterinary costs, pet emergency savings, pet expense planning, veterinary hospital costs, pet medical bills, emergency pet insurance, pet financial assistance, pet healthcare expenses, and veterinary treatment costs.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Back-to-School Budgeting: Strategies to Save on School Supplies Aug 14, 2024
    Show notes

    Learn budgeting and money-saving tips for back-to-school shopping to avoid debt and make the most of sales and discounts.


    What are the best ways to save on back-to-school shopping? How much do people usually spend on school supplies? Hosts Sean Pyles and Anna Helhoski dive into the latest NerdWallet survey results on back-to-school shopping, revealing spending habits and budgeting strategies. NerdWallet’s Sara Rathner joins the conversation to discuss the survey and provide actionable tips on saving money, avoiding debt, and making the most of sales and secondhand purchases. Then, Sean and Anna discuss recent money headlines, including jobless claims and market reactions, along with the latest developments in mortgage rates and housing trends.


    You can find NerdWallet’s guide to first-time home buyer loans and programs here: https://www.nerdwallet.com/article/mortgages/programs-help-first-time-homebuyers


    In their conversation, the Nerds discuss: back-to-school shopping, budgeting tips, school supplies, avoiding debt, money-saving tips, personal finance, credit cards, shopping habits, financial planning, student expenses, cash-back rewards, sales and discounts, secondhand shopping, inflation impact, spending strategies, jobless claims, mortgage rates, housing market trends, school budgeting, smart shopping, debt management, financial tips, online shopping, buy now pay later, cashback apps, coupon codes, price tracking, first-time home buyers, home buying tips, mortgage guide, financial news, back-to-school deals, credit card usage, debt prevention, family budgeting, and financial literacy.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


    Expert Budgeting and Spending Tips from a Live Financial Planning Session (Video Episode) Aug 12, 2024
    Show notes

    Hear an actual financial planning session where a CFP advises a listener on transforming her budget and spending habits.


    NerdWallet Advisors is no longer accepting new clients, and will be closing its financial planning business as of December 20th, 2024.


    Magda Doemeny, a certified financial planner from the NerdWallet Advisors platform, gives a listener specific advice to improve their finances (advice given on behalf of Nerdwallet Advisors, not NerdWallet). Brinker, the listener, is struggling with spending habits that she calls “irresponsible” and how to manage some of her debt. She discusses her upbringing, financial challenges, and goals while Magda offers insights and strategies to help her improve her finances. The episode delves into methods for tracking spending habits, setting financial goals, and developing better money management practices to achieve financial stability. Magda also guides Brinker on creating a budget, prioritizing debt repayment, and implementing behavioral changes to curb impulsive spending.


    As mentioned by Sean, here is NerdWallet’s list of the best high-yield savings accounts: https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts


    ​​NerdWallet Advisory LLC (dba NerdWallet Advisors) is an SEC-registered investment advisor, and wholly owned subsidiary of NerdWallet, Inc. The advice provided in this episode of Smart Money was for illustrative purposes only and not intended as financial or investment advice specific to your personal facts or circumstances.


    In their conversation, the Nerds discuss: financial planning session, budgeting, debt management, savings, spending habits, financial goals, high yield savings accounts, ways to curb spending habits, financial planning session, how to manage debt effectively, strategies for paying off credit card debt, how to curb spending, budgeting apps, Uber Eats, Uber habits, splurging, what it’s like working with a financial advisor, impulse buying, lifestyle creep, money mindset, spending habits, financial goals, and actionable financial strategies.


    To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.


    Like what you hear? Please leave us a review and tell a friend.

    Learn more about your ad choices. Visit megaphone.fm/adchoices


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