How to Money

Pam Krueger, an award-winning investor advocate and the CEO of WealthRamp, discusses the crucial decision of whether to DIY your finances or hire a professional. She emphasizes that individuals drive their financial outcomes, debunking the myth that simply hiring an advisor guarantees success. Pam highlights the importance of transparency in advisor fees and the value of vetting fiduciary advisors. She also shares tips on finding quality advice, navigating industry pitfalls, and knowing when it's time to part ways with an unsatisfactory advisor.

Listeners pose intriguing questions about personal finance. Discover how to accurately count VA disability payments in your savings rate calculation. Learn what to do with a hefty settlement before early retirement. Uncover the fix for a 401k overcontribution mishap without the tax headaches. Explore strategies for saving for a new car using disciplined sinking funds. Plus, find out how to tackle credit repair after a missed auto-payment. Tune in for practical insights and some beer tasting fun!

This episode dives into the commercialization of running and the pressure of expensive gear. It unveils lead concerns in protein powders and how more money can lead to floppier financial habits. Explore the concept of cash-strapped millionaires and the liquidity of assets. The exciting partnership of Walmart and OpenAI signals new trends in AI-driven e-commerce. Plus, hear about the rise of subscription services and the challenges faced by craft breweries. Credit card churning and HSAs also take center stage, unraveling their complexities and potential benefits.

Doug and Heather Boneparth, a power couple in personal finance, share their expertise on how couples can navigate the often turbulent waters of shared budgets. They discuss the importance of understanding individual money histories and the impact of shame on financial confidence. The duo emphasizes regular money dates to foster positive financial vibes and offers practical advice on balancing individual goals and shared responsibilities. Their insights are aimed at creating a harmonious financial partnership, proving love can indeed survive a budget.

Dive into engaging listener questions about personal finance! Discover whether using a 0% APR credit card is a savvy move. Learn practical tips for managing HSA receipts for future investments. Explore the intricacies of balancing a Roth IRA and a 403b, especially when you might not stick around long enough to benefit from employer matches. Plus, get insights on the risks of medium-term investing for a down payment. All this, while enjoying a refreshing beer review!

This week’s financial news dive covers pressing issues like the rise of accidental landlords, where homeowners prefer renting their properties. The hosts tackle the looming threat of government pay disruptions and suggest preparing with a simple budget. They also explore the value of the WFH premium and how many tech workers opt for lower salaries to keep remote work. Additionally, discussions on debilitating debt, alternative career pathways, and the vital concept of creative destruction shed light on wealth-building strategies and innovation's role in society.

Len Penzo, a personal finance blogger and author of True Money Stories, shares unique perspectives on financial management. He believes organization trumps intelligence in money matters and emphasizes running household finances like a business. Len discusses the value of letting children make financial mistakes and how honesty in advice can inspire change. He also covers the impact of inflation on everyday items, the importance of emergency savings, and the pursuit of financial independence, especially for younger generations.

This week, the hosts tackle listener questions on a variety of financial topics. They discuss when to sell collectibles on eBay versus local options. There's a deep dive into managing quarterly tax estimates to avoid surprises. They also explore the future of the Backdoor Roth IRA amidst recent legislation. The conversation touches on when to make as-is offers on homes and strategies for handling low appraisals. Plus, they enjoy a refreshing rice lager while sharing tips and insights for better money management.

Explore the resurgence of refinancing as interest rates shift, along with strategies for maximizing retirement contributions by 2026. The podcast dives into the risks associated with Buy Now, Pay Later schemes, especially for travel. Landlines make a quirky comeback, promoting healthier conversations for kids. Plus, the hosts discuss the potential pitfalls of using AI and chatbots in everyday life. Tune in for essential tips on avoiding scams and understanding debt collections in today's tech-driven world.

Melissa Kearney, an economist and professor at Notre Dame, explores the profound implications of declining birth rates and changing family structures on the economy. She discusses how marriage affects financial stability and equity, alongside the non-monetary benefits of two-parent households. Kearney also highlights the economic impact of declining fertility on Social Security and suggests immigration as a potential solution. Her insights urge listeners to rethink financial strategies and prepare for a future shaped by demographic shifts.