January is typically the time when people are thinking about goals for the year ahead. And a key component to accomplishing those goals is budgeting—one of our favorite topics! Join us as we discuss what we found interesting as we reviewed our 2023 budgets, and how we're thinking about our budgets in 2024. We'll also touch on the demise of Mint as a free online tool, cash flow thoughts from listeners, and share some helpful tips as you work on honing your own planning process.

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Anastasia announces an unanticipated quick break in the podcast after sad family news.

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Why is it that negative headlines get way more attention than positive headlines?

Join us as we revisit The Psychology of Money by Morgan Housel to discuss the chapter titled "The Seduction of Pessimism" and share our thoughts on the recent market downturn. We'll also cover a recent Barron's article titled "The Economic Cost of Unhappiness," which contemplates how the unhappiness prevalent among young Americans may impact the wider economy. Finally, we'll close out our discussion with why it pays to stay optimistic.

As always, please consider sharing this episode with a friend, family member, or coworker. We appreciate your support as listeners!

For questions, comments, and topics, you can email us at @[email protected].

Raising kids is one of the most rewarding experiences in life. But it also comes with financial responsibilities and challenges—from diapers to daycare, and from college savings to family vacations. In this episode, we discuss the financial considerations that accompany starting a family. We explore budgeting, saving and investing for your children's future, finding affordable childcare and education options, as well as insurance and estate planning to create a robust financial safety net for your family.

Whether you're already a parent, thinking about becoming one, or just curious about the financial side of parenthood, join us as we guide you through this financial journey and provide clear takeaways. Ready to discover how to afford raising kids without breaking the bank? Listen now!

As always, please consider sharing this episode with a friend, family member, or coworker. We appreciate your support as listeners!

For questions, comments, and topics, you can email us at @[email protected].

Why does getting wealthy and staying wealthy involve two different skill sets? Author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness, Morgan Housel says, "There are a million ways to get wealth, but only one way to stay wealthy." Join us today as we focus on a few particularly enlightening chapters from Housel's book, which is filled with rich wisdom and interesting examples. Together we'll wrap our minds around his fascinating insights on the psychology of money.

As always, please consider sharing this episode with a friend, family member, or coworker. We appreciate your support as listeners!

For questions, comments, and topics, you can email us at @[email protected].

Join us today as we provide an update on the progress of the Federal Reserve's journey to reduce inflation. We'll explore the implications of recent union strikes, the transformative role of artificial intelligence in the job landscape, and share savvy tips to navigate these soaring prices.

As always, please consider sharing this episode with a friend, family member, or coworker. We appreciate your support as listeners!

For questions, comments, and topics, you can email us at @[email protected].

Younger generations are estimated to inherit as much as $70 trillion worth in wealth over the next 20 years. The questions are, what do you do with this money? How do you best honor the legacy of the inheritance while applying it in a way that aligns with your goals and values? Bill discusses what he's seen over his career of the five categories of adult children receiving an inheritance. He also shares how he reacted to his own inheritance. He walks though how he works with investing advisory clients who have received an inheritance. Anastasia shares a minor (minor!) spoiler for the Barbie (2023) movie.

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What is lifestyle creep and what are five ways to limit its impact on your financial journey? Anastasia and Bill explain the concept behind lifestyle inflation, describe its negative impact on personal finances when left unchecked, and provide actionable strategies for how to guard against it.

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Bill and Anastasia discuss The Shred Method with Adam Carroll, who used this technique to pay off his mortgage quickly and save his family over $180,000 in interest. He is sharing this method to help others achieve more financial freedom within their lives. Adam also discusses strategies he used to successfully teach his children about personal finance and how important it is for parents to teach their kids about finances long before they take out student loans. Adam shares what it's like to give a TED talk, dealing with imposter syndrome, and how he's built a life geared towards his passion of financial literacy.

Adam has published four books, produced an award-winning documentary on student loan debt, and has a TED talk with over 6 million views. To learn more about The Shred Method, you can visit Adam's website at www.theshredmethod.com.

Bill and Anastasia continue their conversation on retirement to discuss what listeners should know about health care in this life stage. What is the difference between your healthspan and lifespan? How has health care in retirement changed and what are the challenges U.S. individuals face? Why is this important to know even when you are decades challenges U.S. individuals face? Why is this important to know even when you are decades out from this stage of life? Bill discusses situations he's witnessed as a financial advisor and how important it is to take action on what you can control. Anastasia shares a gratitude practice she learned from Shawn Achor's TED Talk, "The Happy Secret to Better Work."

The book that inspired this conversation is titled: "What Retirees Want: A Holistic View of Life's Third Age," by Ken Dychtwald, PHD and Robert Morison.

For questions, comments, or topics, you can email us at [email protected].