Marriage Kids and Money: Personal Finance for Families

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

Dr. Brad Klontz, a leading expert on the psychology of wealth, shares insights on transforming your financial mindset. He discusses the stark differences between a rich and poor mindset, emphasizing the importance of long-term investment strategies over immediate spending. Klontz recounts his journey from financial struggle to success and stresses the role parents play in teaching kids about money through engaging programs like 'The Sensibles.' This enlightening conversation offers actionable steps to build lasting wealth and financial freedom.

Considering a financial advisor? Discover the five essential questions to ask before making a choice. Learn from Jackie Cummings Koski's inspiring journey to a $1.8 million net worth by age 54 and her perspective on generational wealth. Additionally, dive into the significance of financial literacy for children and effective strategies for managing retirement funds. Enjoy a fun money quiz and personal anecdotes about family budgeting and vacations, all while highlighting the importance of empowering financial futures.

Workplace benefits often get overlooked by employees. But they could be your ticket to a wealthy future. How can my workplace benefits make me a millionaire?Joe Saul-Sehy, Co-Host of Stacking Benjamins, joins the show again to help us answer this big question. Also, Jace Mattinson from Texas (and the Millionaires Unveiled Podcast) shares how he and his wife grew their investments to over $1,000,000 and how this impacts their family journey in the future.EPISODE RESOURCESJoe Saul-Sehy (Podcast): https://www.stackingbenjamins.com/Stacking Benjamins Benefits Guide (Resource): https://www.stackingbenjamins.com/benefits-influencer/Jace Mattinson (Podcast): https://millionairesunveiled.com/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 GUEST BIO - Joe Saul-Sehy:Joe Saul-Sehy learned from failure.Destroying his credit immediately after leaving home, he had to learn about money the hard way—and much of it as he was telling other people how to manage their money, as a financial advisor. After 16 years in the industry he moved to financial media, creating Stacking Benjamins, one of the most listened to podcasts in the personal finance sphere.Kiplinger has called the show the “best personal finance podcast” and Fast Company has described it as striking a “great balance between fun and functional.” Joe lives in Texarkana with his spouse, Cheryl, and cat, Cooper, recording shows in his mom’s basement next door.GUEST BIO - Jace Mattinson:Jace Mattinson hosts the Millionaires Unveiled Podcast where they interview “everyday millionaires.” Stories included are those of doctors, lawyers, accountants, firemen, police officers, military members, real estate investors, and more.Outside of the podcast, Jace is the CFO of a building materials company and has five kids. He and his family reside in Austin, Texas.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 TheresaEditor: Johnny SohlPodcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s time to set some SMART financial goals! I'm walking through 10 SMART financial goals that will help you build family wealth this year.Second, we’re back with our Mortgage Free Family segment! This month we’re featuring JJ Buckner from Missouri. He’s going to share how he paid off his mortgage in his 30s and how it allowed him more family time and time to grow as a solopreneur.Last, we're sharing the Good Word once again. My son Calvin and I are sharing details on Mackenzie Scott's philanthropy mission, the Giving Pledge, and how Calvin likes to give back. EPISODE RESOURCES: Sponsors + Partners + Deals Monarch (free trial): https://marriagekidsandmoney.com/monarchmoney (affiliate) Empower (net worth tracker): https://marriagekidsandmoney.com/empower (affiliate) Trust & Will: https://marriagekidsandmoney.com/trustandwill (affiliate) Ethos (term life insurance): https://marriagekidsandmoney.com/ethos (affiliate) JJ Buckner: https://www.youtube.com/c/JJBuckner Good Word Story (CNBC): https://www.cnbc.com/2024/12/20/mackenzie-scott-announced-another-2-billion-dollars-in-2024-donations.html 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! YouTube: Subscribe for free to watch videos of these episodes and interviews. Instagram: Follow our IG channel. SHOW INFORMATION: Marriage Kids and Money is dedicated to helping young families build wealth and happiness. This award-winning platform helps couples and parents achieve financial independence and discover the true meaning of wealth. To achieve these big goals, we answer questions and interview experts who uncover smart net worth building habits and tools that can help everyone find their own version of financial independence.Learn more at https://www.marriagekidsandmoney.com HOST BIO: Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness. Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.   When he's not "talking money", Andy enjoys being a soccer Dad, singing karaoke with his wife and relaxing in his hammock.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: Podcast Doctors Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Looking to find more purpose in life? Author Jordan Grumet is here to help us answer this important question. He discusses Big P Purpose and Little P Purpose and why it's important to know the difference.RESOURCES: Sponsors + Partners + Deals The Purpose Code (book): https://amzn.to/416q5TV (affiliate) GUEST BIO - Jordan Grumet:Jordan Grumet, MD, is an internal medicine physician turned author and podcast host. After earning his medical degree from Northwestern University, he practiced in Northbrook, Illinois, and now serves as associate medical director at Unity Hospice. In 2018, he launched the Earn & Invest podcast, which won the 2019 Plutus Award for Best New Personal Finance Podcast. His first book, Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life, was published in August 2022. His second book, The Purpose Code, is out now.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! YouTube: Subscribe for free to watch videos of these episodes and interviews. Instagram: Follow our IG channel SHOW INFORMATION: Marriage Kids and Money is dedicated to helping young families build wealth and happiness. This award-winning platform helps couples and parents achieve financial independence and discover the true meaning of wealth. To achieve these big goals, we answer questions and interview experts who uncover smart net worth building habits and tools that can help everyone find their own version of financial independence.Learn more at https://www.marriagekidsandmoney.com HOST BIO: Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness. Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.   When he's not "talking money", Andy enjoys being a soccer Dad, singing karaoke with his wife and relaxing in his hammock.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: Podcast Doctors Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

Nicole Stanley, a half-millionaire by 31, shares her family's wealth-building story. She discusses the pros and cons of lump sum investing versus dollar cost averaging and how to align these strategies with personal financial goals. The conversation emphasizes the significance of financial literacy and open communication about money, especially in families. Additionally, they explore how financial backgrounds influence money mindsets and encourage teaching children about managing money effectively.