How to Money

We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

1 - What should be my top financial priority when I know my job is only guaranteed for a year?

2 - Should I make a larger down payment in order to keep my mortgage below 25% of my monthly budgeted expenses?

3 - Am I being frugal or cheap if I’m willing to skip my friend’s bachelorette party?

4 - I’m thinking about converting my primary residence into my first rental property to rent to a friend- what should I keep in mind?

5 - How do I get my HOA to start investing the building’s reserve funds?

During this episode we enjoyed an Aspect Ratio by Spyglass Brewing- a big thanks to Gary over at The Fat and Broke podcast for donating this one! 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.

It's time for a Friday Flight! These episodes are all about the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it down to specific takeaways that will allow you to kick off the weekend informed and help you to continue to make smart money moves. In this episode we cover some relevant and helpful stories like: send us your money tips, rate hike repercussions- what it means for mortgages and credit cards, commercials make a comeback on streaming, password sharing crackdowns, housing bidding wars, waiving contingencies, Tom Brady’s game winning football, NFTs getting hammered, thieves targeting your catalytic converter, going with electric vehicles to opt out of rising gas prices, fly now pay later, and medical debt potentially dropping off of your credit report.

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. Have an awesome weekend!

Best friends out!

See omnystudio.com/listener for privacy information.

Would you ever pick up the habit of smoking in order to lose some weight? After all it is effective- by lowering your metabolic rate and reducing your appetite you’re bound to shed a few pounds. It sounds like a quick fix worth considering, but ultimately we hope that this isn’t something that you would do because everyone is well aware of the longer-term health consequences of smoking. The downsides are too severe. But we think this is exactly what is happening when you prioritize getting rich over building wealth. Sure there will be some short-term goals and lifestyle improvements that you’ll be able to make, but the long-term effects of pursuing a lifestyle like this are ultimately going to undermine your financial foundation. Listen as we talk about the differences between getting rich and building wealth. We also highlight some unhealthy behaviors that we might be tempted towards, in the pursuit of riches. And then finally we discuss how it is that we can actually build our own wealth.

During this episode we enjoyed a Tropicalia by Creature Comforts! 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.

How concerned should I be about getting audited? How much should my business make before I file as an S Corporation? Is there a free accounting software option out there? These are just a few of the questions we have for our guest today, Shannon Weinsteen. Shannon is a CPA, coach, and mentor for small business owners who want more perspective and less paperwork when it comes to their finances. Her company, Fitnancial Solutions, offers tax strategy and fractional CFO services delivered from the heart of a teacher who values connection and authenticity. Shannon’s real-life relatable examples make the financial side of business less daunting so you can focus on serving your customers and making money. She is the host of the Keep What You Earn podcast and we’re excited for you to hear some straightforward advice to lower your tax bill.

During this episode we enjoyed a Quantum Desolation by Little Cottage! 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.

It's time for a Friday Flight! These episodes are all about the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it down to specific takeaways that will allow you to kick off the weekend informed and help you to continue to make smart money moves. In this episode we cover some relevant and helpful stories like: capital gains taxes even if you didn’t sell, paying less at the pump, the best credit cards for cashback at gas stations, IRS refund tracker, living paycheck to paycheck on six figures, folks flocking to FIRE, higher costs for childcare, date nights on the cheap, fatter paychecks, and eating organic for less.

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. Have an awesome weekend!

Best friends out!

See omnystudio.com/listener for privacy information.

Scams are kind of like zombies. The formerly popular TV show The Walking Dead is set in a sort of zombie apocalypse and was filmed here in Atlanta. But like zombies, the scams never stop and there seems to be a never-ending litany of folks who are trying to get their hands on our money. It truly is a serious problem- the FTC received 5.7 million reports with a total of $5.9 billion lost to scams in 2021! And on top of that scammers have gotten really sophisticated and are specifically targeting younger folks by using platforms like social media or dating apps and targeting Venmo balances and crypto holdings. Listen as we discuss a number of different sneaky scams that are targeting a younger generation, how they work, and then what you can do to protect your money.

During this episode we enjoyed an Electric Venom by Little Cottage! 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.

We’re kicking off the week by answering listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

1 - I disagree with y’alls car buying formula- surely you guys wouldn’t be cool with me buying an $80k car?!

2 - Is it worth our time and money to meet with a comprehensive financial planner?

3 - What are the benefits of an ABLE account and which states offer the best plan?

4 - The dividends and gains I’ve experienced in my portfolio have dramatically increased my tax liability- what can I do?

5 - Should I use a debit rewards card to earn cashback on my monthly rent?

During this episode we enjoyed a Le Petit Prince by Jester King! 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.

It's time for a Friday Flight! These episodes are all about the week’s financial news and the impact on your personal finances. There are a lot of headlines out there, but we distill it down to specific takeaways that will allow you to kick off the weekend informed and help you to continue to make smart money moves. In this episode we cover some relevant and helpful stories like: an investing strategy while a war is raging, when the price is wrong, shrinkflation and incessant fees, being forced to take out a car loan, finding an affordable rental car, financial literacy that sticks, and DIY hearing and vision test apps.

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. Have an awesome weekend!

Best friends out!

See omnystudio.com/listener for privacy information.

It’s time to go Parks-and-Rec on this episode and talk about treating yo self while still being a responsible adult and not breaking the bank. There’s nothing wrong with the occasional treat- we all want to be able to splurge every now and again. But we also need to make sure that we’re not going overboard to the detriment of our financial health. Companies are waging war against our credit cards and checking accounts with advertising agencies at their sides. Our attention has been hijacked by marketers and this often leads to us buying more stuff that we don’t actually need. Couple that with rising prices due to inflation and higher levels of consumer debt and we realize that it’s going to take a healthy combination of wisdom, discipline, and intentional spending. Listen as we tackle all of this and as we propose some rules that will help us to be effective, but not excessive when it comes to treating ourselves.

During this episode we enjoyed a Cherry Livelihood Jackie O's! 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.

Our mental state has so much to do with how we handle our money- this is one of the many things we talked about with Paco de Leon. Paco founded The Hell Yeah Group which is a financial firm focused on inspiring creatives to engage with their personal and business finances. She started this work after her experiences in small business consulting, financial planning, and wealth management. Paco’s work has been featured in The New York Times, Forbes, and NPR and her new book “Finance for the People” was published earlier this month. Not only is she the author, but Paco is also the illustrator- her drawings do a fantastic job driving home the different points she makes in her book so we’re recommending it for all the visual learners out there. During this episode we talk about what Paco learned from being a debt collector and her time in the marijuana industry, what it takes to be a creative freelancer, the role our emotions play, how she keeps her consumption in check, and plenty more!

During this episode we enjoyed a Lager Hell Rugenbrau- a big thanks to Julia for donating these delicious beers to the show! 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.