How to Money

Our guest today has been called one of the greatest financial writers of all time. And it’s no wonder – Josh Brown started his original blog, The Reformed Broker back in 2008 as he now continues to write over at DowntownJoshBrown.com.  And his latest book “You Weren’t Supposed to See That: Secrets Every Investor Should Know” just came out yesterday in which he reveals the hidden truths that make the critical difference between understanding the world and being dangerously naive. Josh co-hosts The Compound and Friends podcast where they discuss current market trends and financial strategies. And in all of his extra time, he is the manager of billions of dollars as CEO of Ritholtz Wealth Management. During our conversation today he shares why Gen Z might make more successful investors, taking a “core and explore” investing strategy rather than a simple indexed approach, what direct indexing is all about, and much more!   Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.  Sign up for the weekly HTM newsletter. It’s fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group. Find the best credit card for you with our new credit card tool! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile. Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.   During this episode we enjoyed a Solid by Burial Beer and Schilling Beer Co! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!   Best friends out!See omnystudio.com/listener for privacy information.

Let’s dive into the week with some fresh listener questions we have lined up for you! And don't just stand on the sidelines- if you have a question you’d like us to answer, toss your voice memo our way. It only takes about 90 seconds to record and you can find a step by step guide over at HowToMoney.com/ask . Regardless of how random or bizarre you might think it is, we want to hear it!   1 - How can I plan a move back in with my parents that is financially a winner without things getting awkward? 2 - Should I keep my condo as an investment property and rent it out, or should I sell it? 3 - Is it a good idea for my daughter to contribute to her Roth IRA if she’s wanting to buy a house soon? 4 - What should I do if my MBA is getting paid for but my salary isn’t all that great?   Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.  Sign up for the weekly HTM newsletter. It’s fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group. Find the best credit card for you with our new credit card tool! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.   During this episode we enjoyed a Garden of Earthly Delights 2024 by Burial. And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!   Best friends out!See omnystudio.com/listener for privacy information.

This week covers intriguing financial news with a focus on the rise of Aldi and its budget-friendly model. The discussion includes the accessibility of e-bikes and sustainable transportation, emphasizing the benefits of living car-free. Banking fees and savings rates are scrutinized, highlighting savvy choices for consumers. Additionally, the podcast touches on the challenges young adults face in homeownership and the implications of parental assistance, peppered with practical tips for smarter financial management.

Join financial educator Jesse Cramer, who traded a stable aerospace engineering job for a passion in personal finance. Together, they tackle the upsides of career transitions and the dangers of an overly conservative investment approach. Jesse shares strategies for managing risk, why diversifying investments matters, and offers alternative college savings insights. They discuss the importance of aligning finances with life goals and the realities of Social Security. Dive into a conversation that balances calculated risks with the rewards of smart investing!

In a lively discussion, the hosts tackle listener queries about the value of pricey real estate courses versus free learning resources. They offer insights on retirement plans, debating between pensions and employer matches. Wills and estate planning become a focal point, enlightening parents on how to safeguard their children's inheritance. Smart money management strategies are shared, emphasizing the effectiveness of savings challenges and high-yield accounts. Tune in for practical advice sprinkled with humor!

Dive into this week's fascinating financial news dissected for your benefit. Discover why presidential proposals matter for your wallet and the growing trend of renting content. Uncover the stark differences between gambling and investing, especially among stressed households. Learn tips to save on Disney trips and navigate the complexities of gift-giving. Plus, find out how to protect your credit amidst rising data breaches. Get informed and empowered to make smarter financial choices this weekend!

Lauren and Steven of Trip of a Lifestyle share their inspiring journey of budget travel, proving it doesn't have to be a luxury. They discuss overcoming common misconceptions about travel costs with clever financial hacks. From a 45-day road trip to exploring every national park, they highlight their adventures on less than $100,000 combined income. Discover their frugal dining strategies, innovative budgeting methods, and how they've successfully embraced freedom over traditional financial success—all while working remotely and living life to the fullest!

This week dives into pressing listener queries! Discover whether selling your home after just two years spells financial doom. Explore investment strategies for a surprise windfall. Unpack the miseries of owning a car that has broken down repeatedly, and weigh the pros and cons of consolidating credit card debt through a HELOC. Along the way, the hosts share valuable insights on making informed financial decisions while navigating the complexities of consumer rights and homeownership.

This week dives into the fascinating world of personal finance, tackling topics like the rising costs of concert merchandise amidst inflation. It discusses the pressing challenges of student loan forgiveness and the shifting perceptions of college degrees. The risks of dipping into 401k funds for emergencies are explored, coupled with cautionary tales about money transfer apps. Plus, learn how to capitalize on tax credits for green home upgrades and why understanding basic financial technology matters more than complex features.

Brian Vines, an expert from Consumer Reports specializing in grocery pricing, shares valuable insights on saving money at the supermarket. He discusses the alarming 26% rise in grocery prices since 2019 and offers smart shopping tips, such as using rebate apps and exploring discount grocery chains like Aldi. The conversation also touches on the emotional ties consumers have with brands and the challenges of navigating pet care costs, including pet insurance and affordable dog food options. Get ready to rethink your grocery game!