Marriage Kids and Money: Personal Finance for Families

Are you considering working with your spouse? Depending on how things are arranged, this could either be a great way to connect more or a complete disaster! Nicole and I discuss the pros and cons of working together over the past year. We explore ways for our working relationship to improve so we can have a happy marriage too. RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmon...

Brian Preston from The Money Guy Show cautions young investors not to pay off their mortgage too early. Here’s why he feels passionate about not rushing to have that paid-off house. RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors The Money Guy Show: https://www.moneyguy.com/  Learn more about your ad choices. Visit megaphone.fm/adchoices

With the cost of college rising and rising year over year, as parents, we have to ask ourselves: "Is college worth it?" Nicole and I debate the topic and discuss our college plans for our children. We have some excellent contributions from the live stream audience and we share some collective takeaways on the "college vs. no college" debate. RESOURCES **Sponsor + Partners + Deals: https://www.mar...

Are you interested in learning about investing? One of the best ways that I've grown my knowledge about the stock market and investing is through a good book. Today, I'm sharing 10 books that helped me become a better investor and ones that I’d suggest to you as you discover more about investing. Also, we hear from Rishi Vamdatt of Easy Peasy Finance about investing for kids and how to get started...

Would you want to receive an inheritance from your parents? At first glance, the answer might be "hell yeah"! Nicole and I dive deeper into the subject and discuss the ramifications of getting money after Mom and Dad pass away. We discuss the pros and cons of getting an inheritance from parents and what we want to do with our kids. RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsan...

Nicole and I have seen some tough days in our relationship. There's been yelling, name-calling, and even marriage counseling. We’ve also had excellent days where we’ve felt appreciated, loved, and thrilled that we’ve chosen to be with each other. So the big question is … How do we get more excellent days in our marriages? Our guests today have a concept that may make that a possibility for a lot o...

In a relationship, there can be certain things that bother us about our partners. Should we try to change them? Or love them just the way they are? Nicole and I discuss a recent marriage fight we had about this very topic. We share what the argument was and our thoughts on if you should change your spouse or not.  RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponso...

Sam Dogen from Financial Samurai shares how he was able to build up enough passive income to earn over $200,000 per year.  As a young father, he appreciates the opportunity to be there for his young family while still being able to provide a good life in San Francisco.  This is a "BEST OF MKM" episode from January 2020! Currently our most downloaded episode to date. Enjoy!  RESOURCES **Sponsor + P...

In post-pandemic life, do you feel like you're constantly pressed for time? Lately, we're feeling like time is the new currency. Nicole and I discuss how trying to do it all has been difficult and unhealthy for us both. We discuss some takeaways on how we're trying to improve. Part of that improvement is realizing that time, just like money, is a finite resource. RESOURCES: **Sponsor + Partners +...

In this wild real estate market, house hacking has become a popular way to lower your cost of living and take advantage of the appreciating asset of real estate. But what is house hacking? How does it work? Well, our guests today are here to help us learn more. Ali & Josh are the married couple and financial educators behind The FI Couple, a platform dedicated to helping individuals take control o...

Taylor & Scott Rieckens started a very public journey towards FIRE (Financial Independence Retire Early) a few years ago. They developed a documentary entitled "Playing with FIRE" that received high praise from publications like the US News calling it one of the "Top 10 Best Finance Movies of the Decade". Nicole and I wanted to check in with these two filmmakers, parents and financial independence...

After taking the leap from my corporate career over a year ago, I sometimes look back and wonder… Did I make a mistake?  Did the glory of “going out on my own” and “doing my own thing” get me so excited that I didn’t think long-term enough?  Was this change a smart move? I share some of the disadvantages of entrepreneurship versus being an employee and I highlight some of the pros as well.  Also,...

As we grow up, our parents have a lot of influence on the people we eventually become. But outside of parenting, sometimes we are who we are and there's not much they can do to change it. Nicole and I discuss how we were raised by our parents and if our money beliefs were crafted by that upbringing. Or was it something completely different? Are we just born how we are? We explore the topic and enj...

Generational Wealth is the type of wealth that allows your family to experience financial freedom, choice, and options for generations to come. The type of wealth that allows you to have the financial power to be the positive change you want to see in our society and our country.  Our guest today, Anne-Lyse Wealth, is here to tell us more about Generational Wealth and how we can all pursue it for...

With all the services and restaurants we interact with on a daily basis, it's hard to know when you should tip and when you shouldn't. Nicole and I discuss the world of tipping and the etiquette we've developed around it. And we also chat about the areas where we have no clue! What are your go-to tipping policies? RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponso...

Investing can feel intimidating and a lot of times you don't know where to start.  I'm laying out how to start investing in 10 simple steps today.  Also, Cassie wants to know how to handle her 529 account after leaving her financial advisor. I share some quick tips for her as she makes this transition.  RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors Personal...

According to the American Psychological Association, 40-50% of marriages in the United States end in divorce. With a statistic like that, one might wonder if a prenup (prenuptial agreement) is a smart move. Nicole and I discuss if we should have gotten a prenup when we got married, if we would now, how second marriages would play out and if we'd recommend one to our daughter as she grows older. Wh...

It's our 250th episode! To commemorate this milestone, I decided to invite my parents, Cindy and Butch Hill, to the podcast.  We discuss the childhood lessons that shaped their lives and how our family came to be.  I hope these conversations encourage you to connect with your parents, learn more about your history and see how you can strengthen your family tree for years to come.  RESOURCES **Spon...

Employers are implementing their "return to work" strategies and employees are bracing for the change. Nicole and I discuss how this change will affect her work life and the pros and cons of working from home. What are your thoughts on the return to work news? RESOURCES **Sponsor + Partners + Deals: https://www.marriagekidsandmoney.com/sponsors Voicemail: https://www.marriagekidsandmoney.com/voice...

Ever wonder what it takes to become a millionaire? Clark Sheffield and Jace Mattinson, from the Millionaires Unveiled Podcast, have interviewed over 200 millionaires. Today, they are sharing the habits, investment strategies, and commonalities of these successful individuals.  We also review and dispel some millionaire myths along the way.  RESOURCES **Sponsor + Partners + Deals: https://www.marri...

In the last year, we spent $75,000 of our savings on cars, trips, house upgrades, and much more. Now, there's no money left! After this spending spree (including what we received from the Stimulus Checks), will we be able to enjoy our lives without expecting more? Nicole and I explore this lifestyle inflation conundrum and discuss how others may be feeling this way coming out of the pandemic. RESO...

Wondering if you should invest in cryptocurrency? After receiving a question on the topic, I decided to dive into the world of crypto and learn more about it. As a part of my education, I asked 13 of my friends and colleagues in the personal finance community to share their opinions as well.  You'll hear from Paula Pant, Joe-Saul Sehy, Mindy Jensen and many more on their thoughts about cryptocurre...

Today, we’re talking about being a stay-at-home mom versus a working mom. This can be an incredibly difficult decision for mothers after they have children. Do I stay at home or do I continue working? Cat Alford, Author of "Moms Got Money", is here to help and she's going to shed some light on why it doesn’t always need to be such a black or white decision. RESOURCES **Sponsor + Partners + Deals:...

Will you be receiving money from the Child Tax Credit? Based on our income this year, we will be receiving the tax credit and could be upwards of $500 per month starting in July. Once again, Nicole and I completely disagree with what to do with this new money. We debate how we should use it and options for other families to figure out their plans for the stimulus money. RESOURCES **Sponsor + Part...

Stephen and his new wife have $215,000 of student loan debt and they don't know what to do next. They are considering Income-Based Repayment (IBR) but aren't sure if that is the right thing to do. Financial expert Anthony O'Neal joins me to help answer Stephen's question. We discuss all things student loans including what IBR is, how student loan refinancing fits in, and Anthony's take on student...