How Money Works

Are you and your spouse on the same page when it comes to finances and retirement planning? On today's episode of How Money Works , Craig and Jennifer Moser explain why it's so important.   Read more and get additional financial resources here: https://maestrowealth.com/2020/11/19/ep-17-getting-couples-on-the-same-financial-page/     What we discuss on this show:  0:34 – Some couples not on the sa...

Do you know the four worlds of money and how they affect you? We break down the pros and cons of each.    Read more and get additional financial resources here: https://maestrowealth.com/2020/11/05/ep-16-pros-and-cons-of-the-4-worlds-of-money/     What we discuss on this episode:  0:29 – Banking world 3:52 – Insurance world 7:10 – Understanding your options 10:12 – Wall Street world 14:42 – Ways p...

On today's episode of How Money Works , Craig and Jennifer Moser break down the different personalities of spenders and how those traits could affect your retirement. YOLO spender Using the "You Only Live Once" philosophy, these spenders go overboard on lavish expenses and purchases. These tend to be people who didn't have much money and then inherited a bunch. They often feel guilty for getting s...

People in certain professions tend to approach financial planning the same way as their peers. On today's How Money Works podcast, we look at teachers, doctors, engineers and more. In our experience, people in certain jobs tend to approach financial planning the same way. On today's episode of How Money Works , we explain some of the positives and challenges of advising people in different profess...

On today's episode of How Money Works , let's have some fun and play retirement fact or fiction. Keep in mind, as with many retirement planning scenarios, the answer is not always clear-cut because it depends on your situation. One common question we get is whether social security can be taxable. Well, it's a definite maybe. It depends on how much social security you have and whether that number e...

On today's episode of How Money Works , let's talk about some of the areas of your financial life where you might be flirting with disaster and how you can fix it.   Out-of-date legal documents It's not something people think about often, but having your legal documents up to date is crucial. "When is the last time you whipped out your will and read it? Well, never," said Craig. Maybe you created...

Whether you are a single, married, divorced or widowed woman, this episode is for you. This week, our special guest is Lynn Michael, an estate planning attorney who knows what challenges and opportunities women face in planning for the future. "I really like hearing everyone's stories, because it seems to me that everybody's got kind of the same fears and the same desires," said Lynn. "And regardl...

Hiring a third-party financial planner is crucial to helping you plan for retirement and manage your money. Today, we're breaking down some of the ways a financial advisor can help you. One of the big financial risks people face is running out of money. If you want to retire early, for example, an advisor can help you determine if you're taking too much out of your nest egg or if you're invested t...

Business owners and investors have dealt with a difficult 2020 as we reach the midway point and could likely use any advantage they can find. That's why we wanted to bring on Addison Maille from Sharrard, McGee & Co, PA. He's the Tax Manager at the company, which serves the Triad area, and he works closely with business owners in different planning areas. Two specific topics we wanted to get his i...

We're fortunate to live in a community with many great small businesses whose owners are willing to share their experience. Today we wanted to bring on one of those people to provide some inspiration and help motivate anyone that aspires to start a business. Ken Gwyn is the CEO at Bulldog Group , which has its corporate offices in downtown Winston-Salem, and has learned a lot over the course of th...

Few people have made the lasting impact that Founding Father Benjamin Franklin has. Many of the values he believed in and much of the wisdom he shared is still followed centuries later. He provided us with a long list of quotes that continue to get referenced in modern day discussions. You could be surprised to hear how many of these can apply to financial planning even if that might not have been...

With the economy starting to open back in many different states, the hope is that we'll start to see things begin to stabilize and improve for small businesses. But what can we expect from the real estate market in 2020? How much has it been impacted and is there opportunities to be found? Every state is different so we wanted to bring a local expert on the show to give us insight into the Piedmon...

Think about all the work around the house you've been doing since the quarantine started. The house is clean(ish), the yard looks great, and you've checked a lot of items off the to-do list.   But what about that one closet in your house where you stick random things and promise yourself you'll get to them one day?   You know which one we're talking about. It's that one you probably don't want to...

Many people try to take on financial planning without help, but one the issues you run into is making decisions based on assumptions you have about retirement. These misbeliefs could cost you money at best and derail your retirement at worse. No one wants that to happen to them so clearing up these assumptions is our goal for this episode of the How Money Works podcast. Craig and Jennifer Moser wi...

We understand how difficult this time can be for individuals and small business owners. The uncertainty of the coronavirus and what the ultimate impact on the economy will be has put a huge financial burden on everyone. The government has responded with the Coronavirus Aid, Relief, and Economic Security (CARES) Act , which is a record-setting stimulus package aimed to provide help to everyone. We'...

As the coronavirus pandemic spreads across the country, it's getting more and more difficult to find someone not affected by this emotionally or financially.   The market has shown some signs of bouncing back as March came to a close, but we're still down around 30% with some companies down significantly more. Those sharp declines have led to many investors losing quite a bit of value in their ret...