The Money with Katie Show

Today's episode is about the current reality of the US housing market (and stock market, to some degree) and how it's—paradoxically—not actually good for anyone, renters and owners alike. The one group it is benefiting? Investors.The episode dives into why I think a cooldown is inevitable, and focuses more on why human shelter turning into an inflated asset class is dangerous for everyone who needs a house to live in. Look no further than Canada’s precarious situation and increasing homelessness for a cautionary tale.My guest this week (Brandon of Mad FIentist fame) lends his perspective as someone who narrowly escaped the bubble burst in 2008 and ended up losing money on his next property—only to be priced out entirely in 2022. For context, Brandon retired a multimillionaire at age 34. He rents.Cited Sources Philip Pilkington's dire warning about intergenerational "war" stemming from inflated asset prices Investor participation in the real estate market reaching new highs (Washington Post) Americans' inability to pay for a minor emergency Follow Along Blog Instagram Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's episode is all about outsourcing, a topic around which my views have evolved over the years.(Read: As you get older and busier, you're less interested in "doing it all," apparently.)We discuss how to determine what's worth outsourcing in your life and how much to pay for it, as well as address some common objections. My guest today, Farnoosh Torabi, is an icon in the personal finance world (and a mother of 2!) and she's got some #hottakes on the value of her (and your) time.You can check out Farnoosh on CNET's So Money podcast.To learn more about the Money with Katie Retreat, head here.Resources Average time use per day of American men and women from the U.S. Bureau of Labor Statistics "Even female breadwinners (the 29% of American women who out-earn their husbands) bear the brunt of household labor." "Even during a pandemic, gender gaps in sharing household responsibilities persist." FOLLOW ALONG Money with Katie Blog Money with Katie Instagram Money with Katie Twitter Sign up for the Newsletter! FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, my friend Nick Maggiulli (COO of Ritholtz Wealth Management & former data scientist, as well as author of Of Dollars & Data and his new book, Just Keep Buying) joined me to talk about something that’s been (justifiably) freaking me out a little bit lately. To boil it down to its most layman's terms is the government’s money printing the reason why stocks and homes are worth so much more now, and does that mean we’re headed for a crash? More to the point: What the hell do we do about it?I think you’ll enjoy the little history lesson throwback (Kansas farmland in the 1970s, anyone?), the explanation of quantitative easing and expansionary monetary policy (I wish my Econ 101 professor could see my B+ self now), and—most importantly—the conversation I had with Nick about what we’re supposed to make of all this.Here's the Politico article referenced.Point of clarification: We reference the S&P 500's PE ratio (25 as of this recording) and Shiller PE ratio, or CAPE ratio (36 as of this recording), in this episode, and (somewhat confusingly) switch between the two in the conversation. Nick originally describes the CAPE ratio, and then I ask him his opinion of the current PE ratio.FOLLOW ALONG Money with Katie Blog Money with Katie Instagram Money with Katie Twitter Sign up for the Newsletter! FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM Learn more about your ad choices. Visit megaphone.fm/adchoices

Worried you're behind, or may not have enough money to retire someday?You may have less cause for concern than you think. Today’s episode dives into the math behind why you may need to save less than you think for retirement, with two solid examples from my own life.Plus, an interview with Kim Curtis, a nationally recognized wealth management advisor and President and CEO of Wealth Legacy Institute, where she dives into what we actually need to be worried about in retirement. Hint: It’s likely not running out of money.FOLLOW ALONG Money with Katie Blog Money with Katie Instagram Money with Katie Twitter Sign up for the Newsletter! FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we're digging into negotiation tips that actually work—no perfecting crafty word play, performing mental jujitsu on a recruiter, or documenting months of "wins" required.Since I'm not a negotiation expert (just a gal who enjoys negotiating), I brought in two guests today: Miranda Martin, a CEO Coach who speaks to money mindset, and a dear friend of mine, Career Coach Darci, who speaks to compensation research and recruiter relations.Here's the blog post that complements this piece—it's all about how I increased my income.FOLLOW ALONG Money with Katie Blog Money with Katie Instagram Money with Katie Twitter Sign up for the Newsletter! FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, we're diving into the money psychology that impacts the way we spend and save—and I'll give you the framework for an epic change to the way we think about spending and investing for today and the future.We'll also hear from Adam Day, a Certified Financial Planner who happens to be a Level 1 Certified Financial Therapist, about ways you can start to unearth the money stories driving your behavior.Self-awareness is key, no?Here are some of the free resources we mentioned in the episode: Future Self-Continuity and Its Impact On Financial Planning (kitces.com) Money Motivator - Start (wqcorp.com) Klontz Money Scripts Test (bradklontz.com) FOLLOW ALONG Money with Katie Blog Money with Katie Instagram Money with Katie Twitter Sign up for the Newsletter! FULL EPISODE TRANSCRIPTS AT HTTPS://PODCAST.MONEYWITHKATIE.COM Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s episode is about the one major issue we all share with our financial planning:As humans, we’re bad at anticipating what’s going to make us happy. Yep—it’s kinda hard to plan for what you think you’re going to want in 40 years, huh? Especially when some of those decisions tend to be inflexible.You’ll also hear from Sam Dogen (a.k.a., Financial Samurai) about his journey retiring—then un-retiring—at age 34. You can preorder Sam’s book here.Here’s more information about why humans are bad at predicting what’s going to make us happy (or unhappy), and here’s the article I referenced about optimizing your tax strategy for early retirement.Here's my Financial Independence Planner that I use to project my path to financial freedom based on my current invested assets, income, and spending.FOLLOW ALONG Money with Katie Blog Money with Katie Instagram Money with Katie Twitter Sign up for the Newsletter! Full episode transcript below. Learn more about your ad choices. Visit megaphone.fm/adchoices

Healthcare consultant Taylor discusses the flaws of the American healthcare system, including high costs and inefficiencies. They also provide strategies for navigating the system, such as understanding insurance networks and reviewing Explanation of Benefits (EOB) to avoid surprise bills. The podcast explores the historical shift in health insurance, the disparity between healthcare spending and outcomes, and the challenges faced by individuals with high copays or deductibles.

Explore the pitfalls of 401(k) management and discover common mistakes that could cost you in retirement savings. Learn about misconceptions surrounding investment choices and why low-cost index funds might be your best bet. Uncover the importance of understanding fees and asset allocation to maximize your savings. Hear personal stories of investment missteps that emphasize the need for vigilance. It's a treasure trove of tactics for young investors aiming to secure their financial futures!

Today, we hear from Dr. Anna Hulett, an industrial organizational psychologist (think female Adam Grant), about the state of work in the United States and why there’s a small legion of Millennials obsessed with financial independence retiring early. Is financial independence a sign of… a problem?We examine data from other places (read: Scandinavian countries) where employment rates are higher, people are happier, and – ironically – the taxes and social safety nets are extreme.There’s a LOT to unpack here. Here’s the article referenced throughout.Follow alongBlogInstagramTwitter Learn more about your ad choices. Visit megaphone.fm/adchoices