Marriage Kids and Money: Personal Finance for Families

We all know time is a finite resource. Why do we keep overallocating our time? It all feels like too much of what we're supposed to do and not enough of what we want to do. In this Bread & Wine episode, Andy and Nicole discuss how their time has been swallowed up recently, how they are fighting back, and how you can own your time, too.  MKM RESOURCES **Sponsors + Partners + Deals: ⁠https://www.marriagekidsandmoney.com/sponsors⁠ ⁠Leave a Review: Apple Podcasts⁠ ⁠Leave a Rating: Spotify⁠ ⁠Instagram⁠: Follow our IG channel OTHER EPISODES YOU MIGHT LIKE ⁠Die With Zero: When FIRE Meets YOLO⁠ ⁠Reflecting on Dave Ramsey's Baby Steps 10 Years Later⁠ ⁠Are We Morons for Paying Off Our Mortgage Early?⁠ DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Podcast Artwork: Kayli Johnson Creative Director / Show Director: Nicole Hill Editor: Andy Hill Learn more about your ad choices. Visit megaphone.fm/adchoices

Sam Dogen, founder of Financial Samurai and author of Millionaire Milestones, shares how fear can be a powerful motivator in achieving financial independence. He reveals how he transitioned from a high-stress Wall Street job to pursue early retirement, turning financial anxiety into a wealth-building strategy. Sam discusses effective saving rates, investment strategies beyond the 401(k), and emphasizes the importance of teaching kids financial literacy. His insights inspire families to face economic fears with proactive financial actions.

Coast FIRE is when you've front-loaded enough investments to simply coast to retirement without any further contributions. But with this stock market downturn as of late, is the idea of Coast FIRE dead? We'll share how our portfolio is holding up and discuss what to do to keep our Coast FIRE dreams alive. Second, we’re back with our Net Worth Win segment. This month, we’re featuring Michelle Onaka from Intentional Money Life. Michelle has grown her net worth to $900k by 37 years old. We’ll learn how she did it and how this helps her family travel more. Last, my son Calvin will be reading the month's review and I’ll quiz him with some money questions. We're talking about recessions, investing, and going on our first cruise! EPISODE RESOURCES: Sponsors + Partners + Deals Michelle Onaka (website): https://Intentionalmoneylife.com CHAPTERS 00:00 - Intro01:30 - Coast FIRE Amid Market Turmoil02:46 - Revisiting 2021 Coast FIRE Numbers04:17 - Impact of Market Downturn on Retirement Outlook05:03 - 6 Ways We're Keeping Coast FIRE Alive11:46 - Interview: Michelle Onaka’s $900K Net Worth Journey13:19 - Motivation Behind Michelle’s Wealth Building15:55 - From Low Income to Six Figures18:16 - Smart Saving and Investing Habits20:18 - What’s in Michelle’s $1M+ Asset Portfolio22:37 - Liabilities and Mortgage Strategy23:58 - Teaching Kids About Generational Wealth25:51 - Why Their Kids’ Accounts Are in Their Names27:36 - The Future: More Travel, Less Work29:30 - How to Connect with Michelle Onaka33:31 - Calvin’s 3-Question Money Quiz37:17 - Social Shout-Out & Book Giveaway38:10 - Final Thoughts MKM RESOURCES: MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today. Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course! Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free. YouTube: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): Monarch Money - Best Budget App for Families & Couples Empower - Free Portfolio Tracker Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link Ethos - Affordable Term Life Insurance Trust & Will - Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Paid parental leave can have lifelong benefits for families — but why is the U.S. so far behind? Isabelle Hau, author of Love to Learn and Executive Director at Stanford's Accelerator for Learning, joins the show to break down how paid leave improves the lives of parents, children, and workplaces. Also, Stacey Blackshear from Virginia shares how she and her husband achieved Coast Fire with $500k by 40 years old — and how it's helping them create more time and freedom for their growing family! EPISODE RESOURCES Isabelle Hau (Website): https://www.isabellehau.com/ Stacy Blackshear (Website): https://www.rewirebehavior.com CHAPTERS 0:00 - Open2:30 - What is Paid Parental Leave and Why It Matters3:40 - Benefits for Children and Parents7:00 - The U.S. Paid Leave Problem: 80% Without Access8:00 - Why Other Countries Get It Right (and We Don't)9:00 - Companies Leading the Way on Paid Leave10:30 - Paid Leave’s Impact on Retention and Productivity11:30 - Ideal Time Off: 12 Weeks to 6 Months13:00 - The Rising Importance of Paternity Leave14:30 - Advice for Workers and Employers16:50 - Isabelle Hau's New Book and Final Thoughts17:30 - Stacey Blackshear - Coast Fire19:00 - Financial Lessons from Divorce and New Beginnings21:00 - Investing Smartly and Building Wealth25:00 - Slowing Down Work to Focus on Family28:00 - Teaching Good Money Habits to Kids32:30 - Stacey’s Advice for Financial Freedom34:15 - How to Connect with Stacey MKM RESOURCES: MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today. Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free. YouTube: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): Monarch Money - Best Budget App for Families & Couples Empower - Free Portfolio Tracker Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link Ethos - Affordable Term Life Insurance Trust & Will - Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Sandra Park, an engineer and financial coach known for paying off her mortgage in just 41 months, shares her journey to financial independence. She discusses vital strategies families can implement to prepare for an impending recession, including shoring up emergency funds, reducing unnecessary expenses, and maintaining a focus on happiness. Sandra also highlights the emotional and financial benefits of becoming mortgage-free, providing insight on generational wealth and the importance of teaching financial literacy to the next generation.

Andy Hill sits down with Dr. Daniel Crosby—renowned psychologist, behavioral finance expert, and author of Soul of Wealth—to explore the true meaning of wealth beyond money.Dr. Crosby breaks down why financial success alone won’t bring happiness and how our beliefs, relationships, and personal growth play a crucial role in our well-being. He shares fascinating insights on why some of the wealthiest people still feel unfulfilled, the psychological traps we fall into when chasing money, and practical ways to balance financial goals with a meaningful life.If you’re striving for financial success but don’t want to lose sight of what truly matters, this conversation is a must-listen.Listen now to redefine your wealth and purpose!#Wealth #DrDanielCrosby #MoneyMindset #FinancialWellnessRESOURCES: Sponsors + Partners + Deals The Soul of Wealth (book): https://amzn.to/3FcQh6K (affiliate) EPISODE CHAPTERS:00:00 – Introduction to the Episode01:02 – Why Do We Believe Money Will Make Us Happy?03:01 – How Money Can Buy Happiness (But Only to a Point)07:07 – Dr. Daniel Crosby’s Personal Struggle with Money vs. Meaning08:40 – The Five Pillars of Happiness and Where Money Fits In11:49 – How to Find Balance Between Wealth and Purpose12:14 – The Three B’s of Meaning: Believing, Belonging, and Becoming17:41 – Teaching Kids About Wealth and Meaning20:58 – The Reality of Generational Wealth24:19 – One Actionable Step to Prioritize Meaning Alongside Wealth25:08 – Where to Find Dr. Daniel Crosby and Soul of WealthGUEST BIO - Dr. Daniel Crosby:Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby's first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller.His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into 14 languages. His third book, The Behavioral Investor, was Axiom's best investment book of 2019 and is a comprehensive look at the neurology, physiology and psychology of sound financial decision-making.His latest book, The Soul of Wealth, is an exploration of money and meaning. When he's not decoding market psychology, Daniel is a father of 3, a fanatical follower of the St. Louis Cardinals, an explorer of the American South, and an amateur hot sauce chef.MKM RESOURCES: MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today. Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course! Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free. YouTube: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): Monarch Money - Best Budget App for Families & Couples Empower - Free Portfolio Tracker Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link Ethos - Affordable Term Life Insurance Trust & Will - Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Liz Theresa Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you really retire comfortably with a 5% withdrawal rate? Financial researcher and author Bill Bengen—the creator of the legendary 4% rule—joins us to share why his latest research shows that 5% is the new 4%. In this interview, Bill explains how his thinking has evolved, what today’s retirees should know, and how you can plan smarter for a fulfilling, financially free retirement.RESOURCES: Sponsors + Partners + Deals A Richer Retirement (book): https://amzn.to/4iWzaVJ (affiliate) CHAPTERS00:00 – Intro – Bill Bengen01:53 – What is the 4% rule?04:01 – The rise of the 4% rule05:17 – Evolving to the 5% rule06:59 – Over-saving and regret08:45 – Advice for young savers10:31 – Thoughts on the 8% rule12:34 – Portfolio allocation in retirement13:55 – Downsides of 3% withdrawal rate14:28 – Bill's personal withdrawal strategy15:55 – Natural increase in withdrawal rate17:38 – How to take your foot off the gas19:16 – Long-term investing advice20:35 – New book details22:22 – Andy’s 3 takeaways from the conversation26:52 – Credits and closing quoteMKM RESOURCES: MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today. Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course! Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement. Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free. YouTube: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): Monarch Money - Best Budget App for Families & Couples Empower - Free Portfolio Tracker Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link Ethos - Affordable Term Life Insurance Trust & Will - Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: Podcast Artwork: Kayli Groves Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we sit down with Simone Stolzoff, author of The Good Enough Job, to explore how modern work culture has taken over our identities—and how we can break free. This Best of MKM episode revisits one of our most powerful conversations about redefining success, setting boundaries, and reclaiming our time. If you're looking to escape the hustle mentality and build a more balanced life, this one’s a must-listen!RESOURCES:Sponsors + Partners + DealsCHAPTERS00:00 – Introduction: More Than Your Job01:10 – Meet Simone Stolzoff & The Premise of The Good Enough Job02:20 – Workism and Our Cultural Identity04:30 – The Historical Shift in Work's Role06:00 – The Risks of Overidentifying with Work08:20 – Story of Kay He: The Wall Street Banker Burnout11:00 – Simone’s Personal Journey with Career Identity13:40 – What Makes a Job 'Good Enough'?15:40 – Identity Diversification: The Key to Resilience18:30 – Practical Advice to Reclaim Life from Work20:45 – Where to Find Simone & The Good Enough Job21:15 – Closing Thoughts & Dalai Lama QuoteMKM RESOURCES:MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today.Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course!Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement.Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free.YouTube: Subscribe for free to watch videos of these episodes and interviews.RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES):Monarch Money - Best Budget App for Families & CouplesEmpower - Free Portfolio TrackerCrew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner linkEthos - Affordable Term Life InsuranceTrust & Will - Convenient Estate PlanningHOW WE MAKE MONEY + DISCLAIMER:This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone.Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.CREDITS:Podcast Artwork: Liz TheresaEditor: Johnny SohlPodcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Best of MKM episode, Andy Hill shares inspiring conversations with Kathryn Hanna and Chris Luger, two individuals who found financial freedom after divorce. Kathryn achieved Coast FIRE in her late 30s, while Chris became a mortgage-free millionaire. They discuss navigating finances post-divorce, aligning money with personal values, and building a brighter financial future. Whether you're rebuilding or planning ahead, this episode offers real stories and practical advice for thriving financially after a major life change like divorce.RESOURCES:Sponsors + Partners + DealsCHAPTERS00:00 – Intro02:20 – Kathryn Hanna Coast FIRE FIve05:00 – How She Got Started07:40 – Divorce & Coast Fire09:00 – Investing Strategy11:30 – Flexibility After Divorce13:30 – Financial Independence in Marriage14:50 – Single Mom Budgeting16:45 – What’s Next18:30 – One Step to Start21:00 – Connect with Kathryn22:25 – Chris Luger Introduction23:00 – Mortgage-Free Three24:15 – Why Go Mortgage-Free26:30 – Divorce Sparked Change30:00 – Real Estate Growth32:15 – Retirement Contributions34:00 – Is Paying Off Smart?36:30 – Step One: Track Spending38:00 – Connect with Chris39:00 – Final ThoughtsMKM RESOURCES:MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today.Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course!Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement.Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free.YouTube: Subscribe for free to watch videos of these episodes and interviews.RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES):Monarch Money - Best Budget App for Families & CouplesEmpower - Free Portfolio TrackerCrew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner linkEthos - Affordable Term Life InsuranceTrust & Will - Convenient Estate PlanningHOW WE MAKE MONEY + DISCLAIMER:This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products.Opinions are the creators alone.Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.CREDITS:Podcast Artwork: Liz TheresaEditor: Johnny SohlPodcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

What happens when you achieve financial independence and early retirement? Maggie Tucker joins us to share her journey of retiring at 41, leaving corporate America, and embracing a life of flexibility, purpose, and family. As the founder and host of Inside Out Money, Maggie talks about overcoming the challenges of early retirement, finding fulfillment beyond a traditional career, and raising financially mindful kids. Listen to her insights on early retirement, smart money habits, and the mindset shifts that helped her break free from the 9-to-5 grind.🔹 How Maggie and her husband retired early after 20 years in corporate roles🔹 Navigating the identity shift that comes with early retirement🔹 The power of avoiding lifestyle inflation and maximizing savings🔹 Building a meaningful life post-retirement—beyond binge-watching TV🔹 Teaching kids financial responsibility and work ethicEPISODE RESOURCESMaggie Tucker (Website): https://insideoutmoney.org Nik Johnson (Website): https://EverydayMoneyHeroes.comMKM RESOURCES:MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today.Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course!Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement.Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free.YouTube: Subscribe for free to watch videos of these episodes and interviews.GUEST BIO - MAGGIE TUCKERMaggie Tucker retired early in 2022 at 41 after 20 years in corporate leadership. She and her husband leveraged financial freedom to embrace a new chapter in life. Maggie is the founder and host of Inside Out Money, a personal finance podcast focused on redefining wealth through mindset shifts, not just math. Formerly the co-host of Friends on FIRE, she believes open money conversations lead to better decisions and a happier life. Passionate about minimalism and simple living, she now spends her time with family, traveling, volunteering, and managing rental properties.GUEST BIO - Nik JohnsonNik Johnson is the founder and host of the Everyday Money Heroes podcast, a platform dedicated to inspiring and educating individuals on achieving financial independence. His fascination with the mechanics of money began in childhood, driving his passion to help others optimize their finances to reclaim their time. Through his podcast, Nik shares practical advice and motivational stories, empowering listeners to take control of their financial journeys. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES):Monarch Money - Best Budget App for Families & CouplesEmpower - Free Portfolio TrackerCrew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner linkEthos - Affordable Term Life InsuranceTrust & Will - Convenient Estate PlanningHOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS:Podcast Artwork: Liz TheresaEditor: Johnny SohlPodcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices