Making Margin

Making Margin Podcast
Episode 36 - To Roth or Not to Roth
 

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Jeff
• Drew

Today we’re talking about Roth IRA and 401(k); something we discuss with almost every client. What are the advantages and disadvantages? Who do they make the most sense for?

Discussion Topics:

• A quick overview of Roth rules
• Who should take advantage of the Roth option?
• Tax diversification
• RMDs
• Legacy

Resources:

https://www.schwab.com/ira/roth-ira/what-is-a-roth-ira
https://www.schwab.com/resource-center/insights/content/should-you-consider-roth-401k

Making Margin Podcast
Episode 35 - Marriage & Money

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Natalie 
• Jeff
• Drew
• Allie

Today’s topic is all about money & marriage. What are the key ingredients for couples to be successful financially?

Discussion Topics:

• How do you and your spouse approach money (practically and theoretically)?
• What are some common traits held by our married clients of ours who seem to have found some success financially?

Couples who succeed financially relate to money similarly, and execute a plan based on shared vision and goals.

Resources:

https://www.amazon.com/Important-Money-Decisions-Every-Couple/dp/0736946225?asin=0736946225&revisionId=&format=4&depth=1

https://financialtherapyassociation.org/find-a-financial-therapist/

Making Margin Podcast
Episode 34 - The Benefits of Generosity

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind Making Margin:

• Nick
• Jeff
• Allie
• Natalie 
• Drew

Today we’re talking about generosity. Part of our mission as a firm is to become more generous and to develop a culture of generosity with our clients. What does that actually mean though, and why would we do that?

• It turns out that being generous is really beneficial not only for the recipient, but also for the giver.
• In a recent study linked below, people were asked about how generous they were, how likely they were to donate, to voluntarily do something for someone else, to give directions to a stranger, and high-generosity respondents were more than twice as likely to be "very satisfied" with their life over the past year.

Discussion Topics:

• When was the first time you remember giving money or time to something that was meaningful to you?
• What are some smart ways for people to think about giving (taxes, assets, etc.)
• How would you recommend someone who hasn’t participated in giving start doing so?

Resources

• https://www.fool.com/the-ascent/research/study-it-pays-be-generous/

Making Margin Podcast
Episode 32 - Life Insurance Smarts
 

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Jeff
• Drew

Today’s topic is all about life insurance. Do you need it? What should you get?

Discussion Topics:

• Jeff explains cash value life insurance
  • Whole
  • Universal
  • Variable
• Drew explains term life insurance
• What are the advantages and disadvantages to them?
• How do people know which one they need?
• What if you have a policy already that may or may not be a good fit?
• Who should you trust?

Making Margin Podcast
Episode 33 - Should I buy a rental property?

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind Making Margin:

• Nick
• Jeff
• Allie
• Natalie 
• Drew

Today we’re talking about rental properties. Should you buy one?

• More than 10 million Americans earn income from rental properties according to the IRS. Half of them manage their own properties, and the average landlord has three properties to their name. On average, they field 6 repair calls a year from tenants.
   

Discussion Topics:

• What are the upsides?
• Why do people show interest?
• What are the downsides?
• Who is a good candidate to own a rental property?
• Any pitfalls to avoid?

Resources

• https://learn.roofstock.com/blog/should-i-buy-a-rental-property
• https://getflex.com/blog/landlord-statistics/

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Natalie 
• Jeff
• Drew

Today’s topic is all about why people, including us, buy what we buy and what influences our purchasing decisions.

A common refrain for us (and our clients) is spending money without really knowing where the money went. So what are those things (tangible and intangible) that influence your purchasing decisions?

Discussion Topics:

• Once you’ve decided you want to buy something, how do you go about determining how much to spend and which one to get?
• Does advertising influence your decisions?
• Do other people influence your decisions?
• What guardrails should people have in place to keep from overspending?

Resource:

• https://marketingistheproduct.com/35-factors-that-influence-consumer-buying-decisions/

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind this episode of Making Margin:

• Nick
• Jeff
• Natalie 
• Drew

Today’s topic is all about the changing car market, and how our recommendations have changed with it.

• How do we perceive our clients handling car buying decisions?
• How do we handle car shopping?
• What’s changed?
• What mistakes do people make when looking for a car?

Resources:

• https://awealthofcommonsense.com/2018/07/are-suvs-ruining-retirement-savings/
• https://www.autoblog.com/2021/12/13/average-new-car-transaction-prices-kbb/

Making Margin Podcast
Episode 29 - Cryptomania

Meet the voices behind this episode of Making Margin:

• Nick
• Natalie
• Jeff
• Drew

Crypto is all the rage. Clients, friends, everyone asks about it.

So what do we think?

"Everything you don’t understand about money combined with everything you don’t understand about computers.”—HBO’s Last Week Tonight with John Oliver, March 11, 2018

In this episode we help you understand what crypto is and answer the questions:

What are our expectations for the future of crypto?

Does it have a place in portfolios?

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. 

Meet the voices behind Making Margin:

• Nick
• Jeff
• Allie

Today we’re talking about a scam that one of our own fell prey to: interstate movers.

• We like helping people avoid scams, but one of our own got scammed recently. We’re sharing tips on how you can avoid being a victim. 
• After looking into it more we realized that this type of scam is actually really widespread

Discussion Topics:

• Allie tells her experience
• Ways to avoid getting scammed

Resources

• https://www.aarp.org/money/scams-fraud/info-2019/moving.html
• https://www.fmcsa.dot.gov/protect-your-move