Modern Husbands Podcast

For today’s episode, we are going to start thinking rich.

Adrian Brambila, the son of immigrant parents from Mexico, rose to TikTok stardom by redefining “real wealth,” and showcasing his journey of earning $1.7 million in one year while living in a van.

Bradley T. Klontz, Psy.D., CFP® is a financial psychologist, professor, and researcher who has co-authored eight books on the psychology of money. He comes from a broken family and grew up poor but still became a millionaire in his 30s. Today, he is the world’s leading expert in the psychology of money.

They are today’s guests and the coauthors of the book, Start Thinking Rich, which is precisely what we will talk about on today’s episode. Enjoy the show.

00:00 Introduction
01:46 What motivated you to read Start Thinking Rich
07:45 Only poor people think the system is rigged
13:00 How to avoid the wrong mentality
17:00 Poor people buy stuff, rich people own time.
30:32: If you want to get rich, go to college, get rich, and buy a house (or not)
34:45 Is it better to rent or buy a house?
40:42 Get a roommate, get on the bus, get sober, get bald, and get a side hustle or shut up and be poor
43:30 The ultimate side hustle for kids
48:20 It’s not your fault if you were born poor, but it’s your fault if you die poor.
54:45 One piece of simple and actionable advice for your marriage

Link to purchase the book: https://startthinkingrich.com/modernhusbands 

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The great news is that Inflation is back to 2-3%, but the prices for some of what we buy remain high. In today’s episode, entitled Why Prices are Higher: Just the Facts!, we address why.

Our guests are Dr. Jennifer Davidson and Mike Raymer.

Dr. Davidson is the President of the Nebraska Council on Economic Education and the Associate Professor of Practice in Economics at the University of Nebraska-Lincoln.

Mike Raymer is the Executive Director of the Georgia Council on Economic Education and a former award winning economics educator.

You will finish the podcast understanding how to spot the nonsense shared on social media and some news outlets so you and your partner can have an informed fact based conversation about inflation, and how you can manage it in your home.

Show Notes

00:00 Introduction
02:40 What is inflation and how is it measured?
06:23 Who is primarily responsible for managing inflation in the United States?
14:04 If inflation is down, why are groceries still expensive?
22:50 What were the contributing factors to the inflation spike post 2020?
29:05 How did the United States manage inflation, relative to the rest of the world?
33:26 The opposite of inflation is deflation. What is worse, a 10% rate of inflation or 10% rate of deflation, and why?
35:53 What are some practical ways couples can manage higher prices?
39:16 What is one piece of simple and actionable advice you want to leave our listeners with as it pertains to higher prices?

Resources

Search article title "Why Prices are Higher: Just the Facts!" at modernhusbands.com for the data points and resources mentioned in the episode.

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Jay Zigmont, PhD, MBA, CFP® is the Founder and CEO of Childfree Wealth®, a life and financial planning firm dedicated to helping Childfree and Permanently Childless people. Childfree Wealth is the first life and financial planning firm dedicated to serving Childfree people.

Dr. Jay is a CERTIFIED FINANCIAL PLANNER™, Childfree Wealth Specialist, and author of the book “Portraits of Childfree Wealth” and the upcoming book “The Childfree Guide to Life and Money.” Dr Jay is the co-host of the Childfree Wealth podcast. His Ph.D. is in Adult Learning from the University of Connecticut.

He has been featured in Fortune, Forbes, MarketWatch, Wall Street Journal, New York Times, Business Insider, CNBC, and many other publications.  In 2023, he was named a “Rising Star” by Financial Planning.

Childfree Wealth https://childfreewealth.com
Childfree Wealth Podcast: https://childfreewealth.buzzsprout.com
New book: The Childfree Guide to Life and Money: https://www.amazon.com/Childfree-Guide-Life-Money-Management/dp/1728297346

Questions Answered

0:00:00 Introduction
0:01:41 What does it mean to live a childfree life?
0:02:49 Can you tell us the difference between childfree and childless couples?
0:03:45 Can you share a bit about your background and what inspired you to work with childfree couples?
0:08:15 What is the difference between the FIRE and the FILE movements?
0:12:00 What are the common misconceptions or different perceptions that people have about childfree couples?
0:21:50 The Gardener and the Rose
0:26:50 What advice do you have for couples on setting new personal and joint goals after their children have moved out?
0:31:22 What is one piece of simple and actionable advice for our listeners that you would like to conclude with today?

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Aja Evans is a speaker and soon-to-be author of her debut book, Feel Good Finance. She is the incoming President of the Financial Therapy Association, consults with fintech companies, and has been featured in major news outlets such as The New York Times, Business Insider, NerdWallet, and CNBC.

Today we discuss the essentials of a good relationship, such as managing finances as a couple, handling income swings, and dividing household responsibilities. She discusses joint finances, separate accounts, and the importance of early money conversations in relationships.

Key Takeaways

• Early money conversations in relationships are crucial for aligning financial goals and expectations.
• Managing monthly income swings requires careful budgeting and preparation, especially in professions with variable income.
• Dividing household responsibilities and tasks requires open communication and understanding of each other's preferences and strengths. Open communication is crucial for managing household responsibilities and addressing financial disagreements within a marriage.
• Understanding one's money story and its influence on financial decisions is essential for a healthy financial relationship within a marriage.
• Aja's upcoming book, Feel Good Finance, focuses on the importance of understanding individual money stories and their impact on financial beliefs and patterns within a marriage.

Listener Notes

0:00 Introduction
1:09 Can you introduce yourselves and give us a brief background on your journey together as a couple?
5:02 How do you divide your finances as a couple?
9:20 How did you approach your initial conversations about money?
10:15 What was your approach to paying off the student loans you brought into the marriage?
12:14 How do you ensure both partners have a say in financial decisions?
16:12 How do you handle managing significant swings in household monthly income? 
18:14 How do you divide the tasks needed to run your home?
25:04 What advice do you have for other couples who struggle with financial disagreements?
33:30 Changing gears for a moment, can you share a bit about your upcoming book Feel Good Finance? 
37:00 How can couples with two different money stories work through their differences?
42:08 What is one piece of simple and actionable advice you can share with our listeners? 

Order or Preorder Aja’s book, Feel Good Finance: Untangle Your Relationship with Money for Better Mental, Emotional, and Financial Well-Being: https://www.penguinrandomhouse.com/books/759700/feel-good-finance-by-aja-evans/

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Today’s discussion is with Cara Macksoud and centers around how couples can navigate money habits in marriage.

Cara Macksoud began her career on the New York Stock Exchange at the age of 17 while simultaneously attending NYU Stern School of Business where she majored in finance.

Cara eventually became the youngest woman to earn a seat to trade on the New York Stock Exchange. She is the mother of five and CEO of Money Habitudes, a game-like assessment – played either via physical cards or online – to help people understand and talk about their finances in a fun, constructive way.

Takeaways

• Open and honest communication is crucial for addressing money habits in marriage.
• Celebrating wins, no matter how small, strengthens the relationship.
• Understanding and utilizing each other's strengths can lead to better financial decisions.
• Avoiding conversations about financial habits can create resentment and strain in the relationship.
• Asking your partner what they would do if they won the lottery can provide insight into their priorities and values.

Chapters

00:00 Introduction
00:50 Cara’s Journey: From Coffee Runner to Money Habitudes
05:20 Advice for Dual Career Parents
12:10 Understanding Money Habitudes
16:30 Attitudes About Money and Relationship Dynamics
24:13 Dealing with Bad Financial Habits in Marriage
25:28 Positive Financial Behaviors in Relationships
30:38 Simple and Actionable Advice 

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In this episode we discuss with Chris Taylor various topics including personal finance journalism, tipping culture, impulse buying on social media, the relationship between money and happiness, and the importance of time in personal finance.

Mr. Taylor is a Senior Correspondent for Reuters, contributor to the WSJ Buy Side & Fortune, with published articles in the Financial Times, CNBC, Money Magazine, and many more.

Takeaways

• Personal finance journalism should focus on the emotional aspects of money to resonate with readers.
• Tipping culture is at a tipping point, with people becoming more reluctant to tip in various situations.
• Impulse buying on social media can be prevented by waiting before making a purchase and creating friction in the buying process.
• Money can create happiness up to a certain level, but beyond that, the correlation between money and happiness diminishes.
• The hedonic treadmill is the tendency to always want more money and possessions, but it doesn't lead to long-term happiness.
• Building wealth and financial security is best achieved by starting early and giving investments time to grow.
• Time is the most powerful factor in personal finance, and starting early in investing can lead to long-term financial security.

Chapter Markers

00:00 Introduction
00:50 Canadian Culture and Healthcare
07:30 Favorite Money Lessons for His Kids
10:30 The Emotional Side of Personal Finance Journalism
12:06 The Tipping Culture Debate
15:00 Preventing Impulse Buying on Social Media
19:20: Happiness and Money
25:15 The Most Important Personal Finance Lesson

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Zach Watson is a Certified Fair Play Facilitator who coaches directly from personal experience, implementing the principles and systems of the Fair Play Method along with a mixture of teachings from his mindfulness training, while being a public educator and habit setting that he’s been coaching for 7 years.

Zach has well over one million followers on his various social media platforms.

Essential Takeaways

• The mental load and invisible labor often fall on women in managing a home.
• Regular communication and feedback sessions with your partner are crucial for creating a fair division of labor.
• Tools like the Fair Playbook or the Persist app can help identify and distribute responsibilities.
• Setting clear expectations and boundaries is essential to avoid resentment and improve teamwork at home.
  
  Chapters
  
  00:00 Introduction to Zach Watson
  08:44 Creating a Fair and Balanced System
  09:48 The Importance of Clear Communication
  12:41 Providing Feedback to Share the Workload
  17:23 Gradual Implementation of New Responsibilities
  21:50 Challenges and Solutions for Couples
  25:50 Handling Different Standards of Care
  33:25 Simple and Actionable Advice
  
  Follow Zach: https://zachthinkshare.com/linktree1 

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Abby Davisson has dedicated her career to helping others achieve their goals, first as a social innovation leader and now as an author, speaker, and entrepreneur. Abby is the co-author of Money and Love: An Intelligent Roadmap for Life’s Biggest Decisions and co-founded the Money and Love Institute.

Abby holds a BA from Yale University and an MBA and MA in Education from Stanford University.

Today’s episode will cover how couples can integrate money and love in decision-making, steps couples can take to establish a strong financial foundation in marriage, and much more.

Questions Answered

00:00 Introduction
01:02 What inspired you to co-author "Money and Love: An Intelligent Roadmap for Life's Biggest Decisions," and how can it help couples manage their finances?
05:05 Can you explain the concept of integrating money and love in decision-making, as outlined in your book?
08:03 What are some practical steps couples can take to establish a strong financial foundation in their marriage?
11:46 Should you live together before marriage? What does the research find?
16:05 How do you suggest couples approach the topic of money early in their relationship to ensure transparency and trust?
25:57 What role does communication play in managing finances together, and how can couples improve their financial conversations?
28:15 Can you share some common financial pitfalls that couples should avoid to maintain a healthy financial relationship?
31:18 Tell us about the course you are teaching this fall?
32:39 What is one piece of simple and actionable advice for our listeners that you would like to conclude with today?

Money and Love Institute (and book): https://www.moneyloveinstitute.com/

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Welcome to the Modern Husbands podcast, where any combination of Dr. Bruce Ross, Christian Sherrill, and Brian Page host national experts who share winning ideas to manage money and the home as a team.

Today we welcome Jackie Cummings Koski, a single mom of one adult daughter who retired as a millionaire at the age of 49. She is the author of the recently released “F.I.R.E. for Dummies.” Jackie earned CFP® and AFC® credentials; and went back to school to get a master’s degree in financial planning & financial therapy from Kansas State University.

Today’s episode is jam packed with FIRE movement tips! Enjoy the show.

Questions Answered

00:00 Introduction
01:19 Where did your passion for financial independence come from?
03:42 What is the FIRE Movement
08:52 The difference between FI and FIRE
12:15 Can you walk us through the mindset and psychology of FIRE?
17:17 Was there a moment while you were building up to your FIRE movement that you realized how incredible of an experience the journey was for you? 
21:07 How do you organize your finances for FIRE?
29:14 Make the company pay the 401k fee.
30:58 What are your favorite hacks to increase your savings and investing commitments?
34:21 What strategies do you recommend to reduce your debt, expenses, and taxes? 
46:14 Can you FIRE with debt?
49:45 What is one piece of simple and actionable advice you want to leave our listeners with?

Jackie's Book, FIRE for Dummies: https://www.amazon.com/FIRE-Dummies-Business-Personal-Finance/dp/1394235011

Catching Up to FI Podcast: https://catchinguptofi.com/ 

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Welcome to the Modern Husbands podcast, where any combination of Dr. Bruce Ross, Christian Sherrill, and Brian Page host national experts who share winning ideas to manage money and the home as a team.

We welcome Paige Connell to today’s episode and we discuss how working husbands can best support their working wives in a marriage that values teamwork. 

Paige is a working mother of four who uses her platform with a massive and quickly growing following on TikTok and Instagram to share her thoughts on the mental load, parenting, and her career. 

Her goal is to raise awareness about the mental load of motherhood and advocate for equitable relationships for couples. 

00:00 Introduction

02:04 Paige, let’s start with sharing a little bit about yourself. Can you tell us a bit about your family?

05:30 Let’s start with the problem that gets the headlines in the press: the cost of child care. How does the cost of child care impact your family, and others who follow you?

08:40 The locus of control for you and our listeners is how we can work through this problem. Understanding this, can you walk us through how working husbands can use parental leave to support their spouses and children?

16:47 As parents transition into childcare, the mental load of managing a home can begin to take its toll. What is the mental load, and how can a couple work together to avoid placing an unfair burden of the mental load on one spouse?

24:40 Some of our listeners are exploring childcare options. Can you walk us through the different types and the associated costs? 

32:40 As children grow, so does the need for planned and thoughtful shared parenting styles. Can you walk us through what this journey has looked like for you? 

38:50 What is one piece of simple and actionable advice you want to share to our listeners that they can apply in their lives?

Follow Paige Connell https://www.sheisapaigeturner.com/ 

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