New Money New Problems Podcast

EPISODE RESOURCESESLD Guide to Income Driven Repayment PlansSAVE Settlement DetailsNavigating the End of the SAVE Plan: What's Next for Your Student Loans?In this episode we talk the end of the SAVE Repayment plan and explore the implications for borrowers. Find out who benefits from different Income Driven Repayment (IDR) plans and the importance of immediately switching plans for those eligible for forgiveness. Between alternative IDR plan options, changing federal policies, and important deadlines, this episode equips listeners with crucial information to make informed financial decisions regarding their federal student loans.00:53 Impact of the SAVE Repayment Plan Ending03:17 Settlement and Forgiveness Credits Updates06:53 Options for Switching Income Driven Repayment Plans15:55 Urgent Actions for Forgiveness Eligibility21:15 Conclusion and Future UpdatesSupport the show

Not everyone wants to spend their entire day trying to hack their credit card rewards. But that doesn't mean there aren't a few tips you can use to maximize your cards and save money and time.EPISODE RESOURCESTop Credit Card Partner Programshttps://www.forbes.com/advisor/credit-cards/guide-to-major-credit-card-rewards-programs/  01:08 Maintaining Your Credit Score03:54 Optimizing Credit Utilization05:54 Lowering Credit Card Fees08:47 Credit Card Hacks and Offers11:18 Travel Rewards and Perks14:46 Maximizing Travel PointsSupport the show

EPISODE RESOURCESBuy Toni's New BookFrom Trauma to Triumph: The Inspiring Journey of Toni CollierIn this episode we dive deep into the life and money story of Tony Collier. Toni shares her journey from a challenging childhood to building a global ministry that has touched millions. She opens up about her personal traumas, including a very public divorce, and how these experiences have shaped her approach to life, ministry, and financial stability. Toni shares how in spite of her trials, her resilience and entrepreneurial spirit that have helped her rebuild and thrive. She also talks about her new book, 'Don't Try This Alone,' which focuses on the importance of community in the healing process. We hope you enjoy the conversation!01:25 Meet Toni01:42 Toni's Early Life and Challenges07:31 Navigating Adolescence11:00 College Years and Career Aspirations12:04 Entering Ministry14:17 Public and Private Trauma18:16 Healing and New Beginnings21:12 The Power of Vulnerability in Writing22:27 Financial Struggles Amidst Personal Trauma25:16 Rebuilding After Financial Devastation30:21 Childhood Influences on Financial Mindset34:20 Unexpected Benefits of Transparency36:55 Toni's Multifaceted Career and Future Plans37:47 Final Reflections and Personal InsightsSupport the show

Check out this (still relevant) blast from the past!Why the Holidays Are a Bad Time to Discuss Finances with FamilyIn this episode of the New Money, New Problems podcast, we explore why the holiday season may not be the ideal time to discuss finances with family. Drawing from personal experiences and professional insights, we explains the common pitfalls and emotional triggers that can derail these sensitive conversations during family gatherings. Instead, we offer a strategic approach to planning these discussions effectively by separating parties into two camps – the planning generation and the potential beneficiaries – and setting clear parameters and dates for future conversations. This episode aims to provide listeners with tools to navigate these complex financial topics while minimizing conflict and ensuring peace of mind for all family members.00:00 Introduction: Why Holidays Aren't Ideal for Financial Talks00:07 Podcast Overview and Host Introduction00:46 Setting the Scene: Holiday Season and Financial Conversations01:21 Common Financial Advice and Its Limitations02:13 Personal Experiences with Family Financial Discussions03:45 Challenges of Discussing Finances During Holidays04:29 Rethinking Holiday Financial Conversations10:08 Planning for Future Financial Conversations11:26 Steps to Prepare for Financial Talks with Family15:50 Addressing Elder Generations About Financial Planning19:20 Conclusion: Importance of Financial PreparednessSupport the show

EPISODE RESOURCESPrincipal Samuelson's Business Insider FeaturePreparing Children for College and Beyond: A Conversation with Principal Joseph SamuelsonIn this episode, we talk about exposing your kids to different paths, including ones that may NOT lead to college. We're joined by Principal Joseph Samuelson from Upton, Wyoming, who offers unique perspectives on exposing students to various career options, including non-traditional paths. Principal Samuelson details his school’s personalized learning approach, which tailors education to individual student interests and needs, ensuring students are prepared for life after high school. The episode highlights the significance of valuing lifelong learning and adaptability in an ever-changing world.00:00 Introduction: Preparing Your Child for College and Beyond00:48 Reflecting on Past Conversations and Future Prospects01:08 Exploring Alternatives to Traditional College Paths03:02 Introducing Principal Joseph Samuelson04:21 Principal Samuelson's Approach to Personalized Learning04:53 Implementing Non-Traditional Pathways06:58 Balancing College and Career Readiness13:46 Parental Guidance and Future Outlook18:20 Conclusion and Final ThoughtsSupport the show

EPISODE RESOURCESSmart College Buyer PodcastConnect with JackOptimizing Your Child's College Journey with Jack WangIn this episode of the New Money, New Problems podcast, we interview special guest Jack Wang, a financial advisor specializing in college planning. Jack discusses strategies for optimizing your child's journey to college, focusing on how to maximize financial aid and minimize student debt. The conversation covers the importance of aligning extracurricular activities with intended majors, the differences between getting accepted to college and securing financial aid, and the timing of college planning. We also explore the advantages of less well-known but excellent colleges and the factors to consider when choosing schools. This episode is packed with valuable information for parents looking to plan their children's educational futures effectively.00:00 Introduction: Navigating Schooling Costs01:42 Special Guest Introduction: Jack Wang04:06 Jack's Journey into College Aid Specialization06:10 Understanding College Admissions and Aid14:01 Public vs. Private School Strategies24:33 When to Start College Planning30:51 Creating a Realistic College List36:33 Alternative College Options and Financial Strategies42:13 Conclusion and Contact InformationSupport the show

EPISODE RESOURCES2025 Tax Tables and GuidelinesEssential End-of-Year Tax Planning Tips for EmployeesIn this episode, we delve into crucial end-of-year tax planning strategies specifically tailored for W2 employees aiming to optimize their finances before the new year. We cover the importance of proper withholding to prevent unexpected tax bills, highlights the impact of bonuses and equity compensation on taxes, and illustrates how the Social Security bonus can help mitigate underpayments. The episode further explores calendar year vs. tax year deadlines for retirement contributions and employee benefits, along with strategic charitable giving under recent tax law changes.02:22 Understanding Withholding and Its Impact04:14 Strategies for High-Income Earners07:23 Social Security Bonus and Tax Benefits13:11 Maximizing Charitable Contributions18:03 Filling Up Lower Tax Brackets20:33 The Importance of Professional Tax HelpSupport the show

Schedule A SessionPAST EPISODES TO HELPWhat To Do When You Run Out Of Money (Literally)Preparing Your Finances For A Possible DoomsdayStill Living Paycheck to Paycheck on $250,000How To Recover From Financial MistakesFrom Severance To Security What To Do Right After You’ve Been Fired5 Ways to Restructure Your Debts5 Ways To Take Advantage Of Lower Interest Rates5 Signs You Need to Reassess Your Credit Card Debt + 2 Proven Strategies to Get OutDoes Loud Budgeting Work?Optimizing Debts As You Build Your Emergency FundSupport the show

EPISODE RESOURCESJoint Case UpdateEssential Updates on Federal Student Loan ForgivenessThis episode covers significant recent updates concerning the forgiveness of federal student loans. Key highlights include the impact of the lawsuit between the American Federation of Teachers and the Department of Education on loan forgiveness processes, the phasing out of certain Income Driven Repayment plans, and the importance of timely switching from plans like the SAVE plan to income-based Repayment plans to avoid tax implications. The Department of Education's agreement to process loan cancellations under original repayment plans and to remove partial financial hardship requirements for IBR plan eligibility is also discussed. The episode concludes with a critical overview of tax considerations and the timing of loan forgiveness procedures.01:33 Context and Background on Student Loan Forgiveness03:00 Legal Challenges and Department of Education's Response07:02 Joint Status Report and Its Implications10:24 Important Deadlines and Tax Implications15:17 Final Thoughts and Next StepsSupport the show

NASEEMA'S FAVORITE RESOURCESCheck out her platform!Journey To Launch Clever Girl FinanceChoose FIFrom Nursing to Financial Freedom: Naseema McElroy’s Inspiring JourneyIn this episode, we explore the remarkable journey of Naseema McElroy, a nurse who turned her income into a path toward becoming a multimillionaire and a financial literacy educator. Naseema shares her story of growing up in Oakland with financial responsibilities from a young age, transitioning from healthcare administration to nursing, and eventually leveraging her nursing income to achieve financial freedom. She discusses her pivotal moment in realizing the importance of financial education, her quest for knowledge through various podcasts, and books, and her diligent effort in paying off nearly a million dollars in debt. Naseema also delves into the development of her Instagram platform, initially created for friends, which grew to educate and inspire hundreds of thousands. The episode covers her strategies for budgeting, investing, and setting financial goals, emphasizing her commitment to sharing knowledge as a driving force for her platform’s success.01:46 Meeting Naseema: Oakland Beginnings02:02 Naseema's Early Life and Financial Lessons05:36 Transitioning to a Nursing Career09:09 Discovering Financial Independence12:17 The Million Dollar Debt Payoff18:14 Building a Financial Literacy Platform21:31 Reflecting on Financial Lessons and Success25:14 Conclusion and Final ThoughtsSupport the show