This week on the podcast we’re answering your questions! And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/

1 - What is a cash management account and should I have one?

2 - Should I pay $9500 to exit a work contract early?

3 - Aside from a 529 plan, how else can I invest on behalf of my young son?

4 - Rule of 173, single family vs multi-family properties, and is my money safe with a brokerage like M1 and Vanguard?

5 - Not a question- but a great house hacking tip for a steady pipeline of qualified tenants.

During this episode we enjoyed a Hazelnut Mocha Latte stout by True Respite - a big thanks to our friends Waffles on Wednesday for donating this beer to the show. And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

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With the proliferation of electric vehicles, you might be wondering if you should look into an EV for your next car purchase. The advancements in battery technology means that range issues aren’t nearly as much of a concern. And with more and more automakers releasing their own lines of EVs, it’s clear that the electric vehicle is here to stay. There are countless benefits that accompany an electric vehicle but that doesn’t mean that EVs are for everyone. In this episode we talk about the good and the bad, as well as the questions to ask yourself in order to help you decide whether or not you should be considering one for your next car.

During this episode we enjoyed an Art is Hard by North Park Beer Co - another big thanks to John for donating beers to the show this week! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

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Delaying your college application a few months could cost you $20,000! This is just one of the many things we learned during our conversation with Certified College Counselor, Elisia Howard. She has been in education for fifteen years and worked in college admissions for five years before starting College Insights in 2015. At College Insights, Elisia helps students navigate college decisions through academic advising, resume building, and applying to the right schools. She is passionate about students avoiding the crippling financial burdens that tend to accompany student loans, so this is a really valuable conversation for anyone considering college, for students who are currently in school, and even for graduates who already have student loans as we cover that as well.

During this episode we enjoyed a Hop-Fu! by North Park Beer Co - a big thanks to John for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Working hard for money isn't a foreign concept, but working hard to receive good customer service often is- we so rarely advocate for ourselves! The first step when you're looking for great customer service is to be sure to do business with a reputable company. After that, there are plenty of additional elements to consider to not only save you money, but allow you to walk away from a transaction completely satisfied and raving about how great of an experience you had when you needed assistance. Listen as we help you to make the best use of your time when advocating for great customer service.

During this episode we each enjoyed an Atrial Rubicite by Jester King. A huge thanks to Jerrod at BrainDead Brewing for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

This week on the podcast we’re answering your questions! And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/

1 - Should I pay off my credit card debt that has a 0% interest rate?

2 - How much money should I have in my emergency fund since we’re house hacking with a duplex?

3 - What do I do with money that I’ve inherited as a 401k?

4 - Does whole life insurance make sense for me?

5 - What does it mean if I don’t have a credit score?

During this episode we enjoyed a Blair’s Breakfast Stout by Wilmington Brewing Company - a big thanks to Matt’s uncle in-law John for donating this beer to the show. And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

You won’t be surprised to hear that we’re critical of the consumeristic society we live in. Our culture wants us to believe that buying things will lead to greater levels of happiness. And maybe we’ve been convinced because 70% of the overall economy is driven by consumer spending. Here’s an alternate take though: our generation seems to value experiences more than stuff, but are experiences a better use of our money? Will we be able to find more happiness through greater spending on a cool trip or nicer clothes? Regardless, we definitely want to put our money towards the things we actually value because it turns out that the far reaching effects of mindless spending can leave you broke and wanting more from your experiences and stuff.

During this episode we enjoyed a Divided Sky Rye IPA by 4 Hands Brewing - a big thanks to Justin for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Our guest today, Doug Nordman starts every morning by checking the surf forecast to see how he’s going to spend the day. He and his wife are financially independent and live on the island of Oahu, which is a surfer’s paradise! Doug was able to achieve this amazing life by taking advantage of the financial benefits offered to him by the military, as well as through standard practices like budgeting and investing extra money towards retirement. He was enlisted in the Navy where he had a career as a submariner, and now he writes about money over at The-Military-Guide.com. And while most all of us have a chance to become financially independent, Doug believes members of the military are even better positioned for financial success. We’ve never had a member of the armed forces on the show before so we’re excited to hear some of the unique money challenges and advantages that members of the military experience.

During this episode we enjoyed a Bodhizafa by Georgetown Brewing Company - a big thanks to Richard for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

There will be declines in the stock market, and you’ll likely see the amount of money you have invested begin to drop. This is normal during a bear market- stay calm! It’s also OK to feel a little nervous. We are emotional creatures after all, and while it’s fine to feel a little anxious if you’re hemorrhaging money in your investments, it is NOT fine to react to these declines by selling and getting out of the market. It doesn’t help that the 24-hour news cycle and media outlets are fueling any uncertainty you might have by proclaiming doom and gloom. So in this episode we’re going to discuss what actions we should take, before and during a market crash, and how to harden ourselves to weather the financial storms that accompany a major market decline.

During this episode we enjoyed a Bretta Weisse by Firestone Walker - a big thanks to our friend Josh for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

This week on the podcast we’re answering your questions!

1 - Should I continue to balance my checkbook every month, or is it a waste of time?

2 - I have 2 daughters who rarely drive- how can I reduce how much I spend on their car insurance?

3 - Should I purchase a primary residence or a couple investment properties instead?

4 - Is identity theft insurance worth the money?

5 - As a small business owner, should I consider offering a SIMPLE IRA or a 401k?

And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/

During this episode we enjoyed an Agrestic by Firestone Walker - a big thanks to our friend Josh for donating this beer to the show, and as a friend of the show you’ve earned enough points and have officially reached ‘red status’! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.

Are you saving your money when instead you should be investing it? Or maybe you’ve been investing, but alternatively you should be saving! Folks get confused as those terms are often used interchangeably, but they are very different. For example, we call it “saving for retirement” when we are actually “investing for retirement.” Saving and investing are both important and have their place, and so the trick is knowing when you should be doing either. During this episode, we’ll cover some of the different indicators and considerations that will help you to determine whether you should be saving or investing. And it depends on your goals, but there’s a good chance you’ll need to do both!

During this episode we enjoyed a Kong Double Hazy IPA by BarrelHouse Brewing Co - a big thanks to our friend Josh for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

Best friends out!

See omnystudio.com/listener for privacy information.