How to Money

More of us need to be considering dropping a car from our lives - especially as so many of us are now working from home indefinitely! Are we even using those vehicles?! But even if you are going in to work everyday, it’s time to question whether or not it makes sense to continue paying nearly $800 in order to own and maintain that vehicle. Transportation costs are typically the 2nd largest expense...

Jaspreet Singh joins us on the podcast today and he can probably best be described as a serial entrepreneur. However, a life of entrepreneurship wasn’t always the plan for him. Jaspreet was born to immigrant parents and grew up bilingual in a traditional Sikh family, with the strong expectation that he was going to be a doctor, but that didn’t end up being the case! A growing interest in investing...

Friday Flight episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to come out on the other side even stronger. In this episode we cover some interesting topics like the increase in bike sa...

The novel coronavirus has had a domino-like effect on so many areas of our lives including our finances. Maybe you’ve lost your job and have had to file for unemployment for the first time ever. Or perhaps you technically still have a job but you have been furloughed and are realizing how little you have in savings. Most of the lessons we’re going to discuss in this episode aren’t brand new, but d...

We’re kicking off the week by answering your questions! And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/ , send us your voice memo! 1 - I’m upside down on a car that has huge maintenance costs- what should I do? 2 - Should I forego my company’s match due to their long vesting period? 3 - Does it make sense to focus on our student loans with the larges...

Friday Flight episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to come out on the other side even stronger. In this episode we cover a lot of interesting topics like new cell phones and...

We’re all looking to spend less money, especially during these difficult coronavirus days, and one of the best ways to accomplish this is by going with generic or private label brands. Name brands have worked their way into our lives but they come at a cost. And then there’s the big question of: what products or purchases should I go generic with and when should I just stick with the name brand th...

Ben Carlson is the Director of Institutional Asset Management at Ritholtz Wealth Management. There, he helps to create detailed investment plans and manage portfolios for institutions and individuals to help them achieve their goals. Ben is also the author of the new book “Don't Fall For It: A Short History of Financial Scams” which we’ll discuss. And on top of that, he has his own investing podca...

Friday Flight episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to come out on the other side even stronger. In this episode we cover a lot of interesting topics like using Netflix payme...

There are a lot of different types of insurance out there and it can be tough to know which types of policies you should look into and which ones to avoid. It’s easy to feel overwhelmed with the amount of information related to insurance, and that can lead you to not making any decisions at all. The end result is that things remain the same- and you’re underinsured. And then you might hear an anec...

We’re kicking off the week by 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 refinance my student loans into a variable or fixed rate? 2 - How does it work if I want to take a 401k distribution for some home renovations projects? 3 - Why have I seen my homeowner’s insurance rate climb and what can I do about it...

Friday Flight episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to come out on the other side even stronger. In this episode we cover a lot of interesting topics like how Aldi is expandi...

It’s time to hear from our wives, Emily and Kate! We finally bring the ladies back on for an episode that we recorded while we were together at the beach. We wrestled the kids down to bed, rigged up a recording table in an echo-y beach house dining room, cracked open some beers and got to talking about personal finance. We fielded some questions from the Facebook group and addressed some topics li...

We all want to reign in the spiraling costs of healthcare, so that’s why we’re talking today with Scott Heiser. Scott has more than twenty years of experience as a consultant for clients in the insurance and healthcare system. During those years he also led and developed an employee benefit practice that managed more than half a billion dollars in health benefits. Scott knows the ins and outs of w...

Friday Flight episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to come out on the other side even stronger. In this episode we cover a lot of interesting topics like the reopening of th...

Covid has impacted lots of areas of our lives - including our summer travel plans. So now is a great time to get a little creative if you are hoping for any sort of vacation. Many of us have had our getaways cancelled, or even if not, there’s a chance you may not feel great about being cooped up in an airplane for hours on end. Even if it’s relatively safe, it still isn’t something many of us want...

We’re kicking off the week by 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 always follow the 1% rule as I consider buying an investment property? 2 - If I want to open a new online checking account, should I look to an online brokerage? 3 - How solid is cash value life insurance as an investment tool? 4 - As...

Friday Flight episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to thrive. In this episode we cover a lot of interesting topics like how students who lost summer jobs could be eligible f...

How do you achieve FIRE? Last week we discussed the pros and cons of the Financial Independence Retire Early movement, and this week we’re covering the practical steps that will allow you to achieve FIRE. There are some basic principles that we all need to follow, even when our individual  journeys towards FIRE all look different. So in this episode we’ll be encouraging you to envision what you wo...

We have a really inspiring interview today that will encourage anyone who is looking to change their life by paying down debt. Jen Smith is a personal finance expert and she has the experience to back it up. Jen and her husband paid off $78,000 of debt in less than two years making well under 6-figures. She's been featured in Kiplinger, U.S. News & World Report, Money Magazine, and she's co-ho...

Friday Flight episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to thrive. In this episode we cover a lot of interesting topics like 2019 Roth IRA contributions, high credit card interes...

Financial Independence Retire Early- you’ve likely heard the term on the show and this movement has gained a lot of steam over the past decade. And even though we agree with most of the tenets of FIRE, there can be side effects or negative consequences that can occur when it’s taken too far. Just like with almost anything in life, when there isn’t a proper balance, something that’s normally good c...

We’re kicking off the week by 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 ask for a credit limit increase in order to increase my credit score? 2 - What are my options when it comes to paying off an installment loan? 3 - As I begin down the path towards home ownership, what things should I consider? 4 - How...

Friday Flight episodes are all about the week’s news and the effects of Covid-19 on your personal finances. There are a lot of headlines out there, but we are distilling it down to specific takeaways that will allow you to not just weather this health and financial crisis, but to thrive. In this episode we cover a lot of interesting topics like where you can find baking help from professionals, yo...

As the repair costs of owning an old car begin to add up, you might be wondering if it makes sense to ditch it. Many folks make the decision to abandon their still solid vehicle based on the desire to drive something newer instead of an actual need for something more reliable. The costs of upgrading your car could blow a hole in your personal finances since transportation costs are typically the s...