Oh My Dollar!

Oh My Dollar!

By Oh My Dollar!BusinessNewsEducationInvesting
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Oh My Dollar! episodes

  • Money alone doesn’t solve problems

    One of the wonderful things about modern society is that when I have have a material need, if I have some money, I can usually exchange money to help fulfill that need. But comments on Lillian’s monthly financial reports prompted her to examine what money really solves.

    Get Your Money Together, Lillian’s illustrated purr-sonal finance book comes out next week on tax day (4/17): pre-order at ohmydollar.com/book

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    12 min
  • Should Adam’s project be a business or non-profit? + Figuring out Patreon Tiers

    We answer two listener questions: How to figure out if you should be a non-profit, LLC, or become a corporation?  and L asks how to set their patreon tiers (16:45) to make sure they can take money home.

    Reminder! You can pre-order the cat-filled Get Your Money Together workbook right meow at ohmydollar.com/book

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    24 min
  • How should Allison spend her $25,000 inheritance?

    Allison writes in to ask about what to do with a “medium” inheritance, and Lillian helps explain how PHD students might not qualify to save in a Roth IRA.

    Don’t forget, you can pre-order Get Your Money Together workbook at ohmydollar.com/book

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    13 min
  • Capitalism is immoral, but making money isn’t bad

    Inspired by Jesse Horn at the Bond conference, Lillian and Will talk about why you shouldn’t feel bad about acquiring money, just because capitalism is immoral. Also spending less than $90 on a trip to SF.

    Reminder that Get Your Money Together book is almost here, and it’s not too late to get the pre-order chapters! Order at ohmydollar.com/book/

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    13 min
  • Talking to your parents about money ft Eric Brotman

    Eric Brotman from Brotman Financial Group joins us to talk about how to have the hard conversations about money with your parents, and help them plan for their own retirement.

    Check out Eric’s book on lowering your taxes at http://www.lowtaxbook.com/

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    15 min
  • Stop Worrying about Other People’s Budgets – Relationships and Money

    We bring back a new spin on an old topic from the archives: how to make a budget based in your own values – and how to talk about money with your spouse, partner, co-parent, or even just roommate [starts at 5:32]

    There’s still time to join the weekly chapter read-alongs. Just head over to ohmydollar.com/book/

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    17 min
  • What if you defaulted on your student loans? + other listener questions

    We answer a potpourri of listener questions:

    • Where do you keep an emergency fund? A money market? (1:21 timestamp)
    • What is a CD ladder? (5:58 timestamp)
    • Listener C just got a letter saying she had defaulted on her student loans. How does she get a handle on what she owes and where? (11:30 timestamp)
    • What are the repayment options?

      • Get Your Money Together workbook is a doing weekly chapter read-alongs and purrsonal finance challenges right meow! Join by pre-ordering the ebook at http://www.ohmydollar.com/book/


      ——- Resources—-
      For federal loans (meaning non-private ones) the best place to go is the NSLDS (national student loan data system). You’ll need to know your FSA ID. If you don’t remember it or can’t find it, you can reset it at  https://studentaid.ed.gov – or you can call 1-800-4-FED-AID and they’ll walk you through it.  You can use the repayment calculator at studentloans.gov

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      29 min
    • Money when Depressed

      When you’re depressed, it can be hard to get off the couch, let alone worry about your budget. Lillian shares some tips for handling your personal finances when you’re depressed.

      • Set things on autopay. Ask a friend (or even me) to sit with you while you get everything on autopay.
      • Don’t focus on on your money (especially things outside of your control) after you get things on autopay. Anxiety over 401Ks.
      • Consider implementing a cash budget in some categories to prevent impulse spending – especially for substances or whatever addictive behavior (food, clothing shopping, nicotine, etc) you fall into when depressed.
      • Spend money on the things you need to recover and take care of yourself – easymac, grocery delivery, therapy, drug co-pays, yoga class – whatever the things you need to get better.

        • If you are considering hurting yourself, or just need someone to talk to that won’t judge you, you can call the National Suicide Prevention hotline at 1-800-273-8255  any time of day and talked to trained, caring folks.

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        18 min
      • How to get life insurance when you’ve been hospitalized for mental health (and other listener q’s).

        Eva asks if she really has to adult-up and get disability insurance (yes!)

        Rebecca wants to know if whole life insurance makes sense if someone can’t get term due to mental health hospitalization.

        Josh wants to know how to cash a savings bond when his credit union won’t take it.

        Here’s the link with info to mail it in.

        And Debbi wants to know if her kids’ 529 plans are properly invested.

        If you’re ready to get some purrsonal finance merit badge stickers, or pre-order the Get Your Money Together book while it’s still $5, head over to http://www.ohmydollar.com/book/ to load up your basket with money cat goodies!

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        21 min
      • Early Retirement: It’s Simple, But Not Easy ft Deacon Hayes and Douglas Tsoi

        Early Retirement? I always thought that sounds like something only for silent velcro millionaires or tech bros – but it can be achievable without a windfall. We talk about the keys of starting with your values, budgeting, and using frugality to build up an income stream where you don’t have to have a traditional job.

        We have two folks who are early retired or FIRE’d (Financially Independent/Retired Early) on to share the basics of building an early retirement plan. It’s a long episode, but a good one, I think!

        Resources

        You can get Deacon at Well Kept Wallet’s “Debt Free in 18 Months” course for free if you follow this link. Get his excellent book “You Can Retire Early” if you want to learn more!

        Douglas Tsoi’s Financial Freedom Course at Portland Underground Grad School

        Paula Pant at Afford Anything’s rental case studies and rental calculations

        My favorite book about financial independence: The Simple Path to Wealth  (amazon affiliate link)

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        51 min

      About Oh My Dollar!

      From the publisher's feed

      Lillian tackles your money overwhelm with practical, approachable financial advice (with a dash of glitter.) This is budgeting advice from someone that doesn't assume you're straight with a salary,…