New Money New Problems Podcast

In this episode, I talk to a few friends about the hidden guilt we can feel when paying for services like household cleaners, laundry services and even grocery delivery. If you thought you were alone in having this feeling, take a listen!   EPISODE RESOURCES Super Money Kids (Courtney Hale) Isaac Addae Black Boy Fly Support the show

Recently, a post went viral about Blue Ivy getting paid to dance for Beyonce, and somehow flipping that payment into $6 million of TAX-FREE dollars. A few friends sent it to me asking if it was a legitimate and legal strategy. Check out this preview of our episode of The New Money New Problems Podcast, where we cover how it’s not just possible to treat your child like Blue Ivy, but how the $6 mill...

With student loan interest and payments set to resume, in this episode we cover steps you need to take to make sure your loan strategy is in tip-top shape.   EPISODE RESOURCES Student Aid Website How to Download Your NSLDS Data File Direct Consolidation Loan Application How Student Loan Interest Works The History of Student Loans Part 1 and Part 2   And if you haven't already, join our email...

The Fed just raised interest rates to their highest levels in over 20 years ... But ... what does that even mean?  Support the show

One of the best things to do for your investments is to get out of the way and let automation do your work for you. In this episode, we walk through six easy steps you can take to increase automation and decrease human error.   EPISODE RESOURCES Top High Yield Savings Accounts Top Roundup Savings and Investment Tools Investment Rebalancing 101   And if you haven't already, join our email list...

Marcus Henderson has built a firm and a successful 30 year career in financial services, in spite of serving a clientele most advisors wouldn't think of pursuing. In this episode, we talk about the influence his parents, his church, and even his choice of clothes have had on his life.   EPISODE RESOURCES More About Marcus The Strangest Secret   And if you haven't already, join our email...

The Supreme Court just struck down the Biden Student Loan Forgiveness Program! In this episode, we talk about why the rationale used to cancel the program is a key indicator of what's next for student loans, and how it impacts your student loan journey. And if you haven't already, join our email list to stay up to date on new episodes and upcoming events at newmoneynewproblems.com/podcas...

While you've heard that investment advisers charge a fee to manage your investments, you might not know what the fee actually covers. In this episode, we cover the different types of fees investment advisers charge, when they're worth paying, and when alternatives like index funds or robo-advisers may be all you need.  Support the show

Robo advisors help investors have access to professional investment management at a fraction of the cost. Tune into this episode to hear more about how these advisors work and when they're appropriate for a portfolio. EPISODE RESOURCES Robo Advisor 101 Modern Portfolio Theory 101   And if you haven't already, join our email list to stay up to date on new episodes and upcoming events at n...

Accredited investors have access to a pool of investments and opportunities not available to the general public ... and you may already be considered one yourself! Check out this episode where we cover what it means to be accredited, potential changes coming to the definition of an accredited investor, and what it all means for you.   EPISODE RESOURCES Accredited Investor Defined Accredited Invest...

Direct Indexing is a new investment style that blends characteristics of index and ETF investing with that of investment management. In this episode, we break down how direct indexing works, and cover the potential benefits to a high income investor. EPISODE RESOURCES Direct Indexing 101 S&P 500 Weighting Article S&P 500 Annual Returns   And if you haven't already, join our email list...

Using tools like nonqualified investments can help young high income-earners generate wealth ... and taxes. In this episode we talk about taxes impact investments like mutual funds, ETFs and index funds, and share why you might shy away from holding one of them in your portfolio. EPISODE RESOURCES Mutual Fund Tax Dangers Index Funds vs. ETFs ETF Tax Efficiency Explained And if you haven't alr...

There are 5 upcoming dates that are crucial for federal student loan borrowers.  In this episode, we tell you what they are and how to benefit from them in your student loan journey EPISODE RESOURCES Income Driven Repayment Waiver  How to Review Your Student Loan History IDR Plans Part 1 and Part 2 And if you haven't already, join our email list to stay up to date on new episodes and upcoming...

In this episode, we're joined by Courtney Hale. Courtney wears many hats: he's a CEO of a successful business, Super Money Kids. A property owner, and a "hope dealer". He is also a son, a father, and a widower, who has been through his fair share of hardship. Join us as we hear his story. Episode Resources Super Money Kids   And if you haven't already, join our email list...

For long-term investors, years where the stock market goes down can represent an opportunity, not an obstacale. In this episode, we prove it to you Access Episode Resources Here! Support the show

An investor's risk tolerance is their appetite for losing money in an investment without feeling a need to make a change. But should your risk tolerance be the same for every investment you have? EPISODE RESOURCES Leaving Your Legacy Webinar Registration Accredited Investor Definition Risk Tolerance Questionnaire   And if you haven't already, join our email list to stay up to date on new...

If you've thought about investing on your own, you've heard someone say that all you need to do is put your money in the S&P 500? But what is this index? How does it work? And is it actually the right place for EVERYONE to invest their money? And if you haven't already, join our email list to stay up to date on new episodes and upcoming events at newmoneynewproblems.com/podcast...

Investors regularly try to time the market, believing they know the perfect time to enter into or exit out of investments. In this episode, we discuss Dollar Cost Averaging, a method that uses consistency to (hopefully) take some of the human error out of the investing process. EPISODE RESOURCES Lump sum vs. Dollar Cost Averaging article   Auto-enrollment research     And if you haven't alrea...

The Pyramid of Investments helps categorize how people should build their finances based on levels of risk. In this episode, we break down each level of the pyramid and how certain investments are utilized - positively and negatively - by high income earners establishing their portfolios.   EPISODE RESOURCES Pyramid of Investments Article Support the show

Having a high income is the goal, but it CAN lead to some tax consequences that impact the rest of your finances! Join us as we cover 5 key financial areas where the numbers on your tax return can dictate what you can and can't do with your money. EPISODE RESOURCES 2023 Tax Guidelines Support the show

Each tax filing year, married couples can decide to file their taxes Married Filing Jointly, or Married Filing Separately. In this episode, we talk about some of the pros and cons of each filing strategy, and give examples of scenarios where it might make financial and legal sense to file apart. EPISODE RESOURCES 2022 Federal Tax Brackets   And if you haven't already, sign up for our email li...

The 2022 Tax Year has a number of major changes that could radically alter the refunds you expect to receive ... or the amount you expect to pay in federal income taxes. In this episode, we cover these changes in detail, along with 5 red flags from your tax return that could increase your chances of an IRS audit! EPISODE RESOURCES CNBC Red Flags Article 2022 Form 1040   And if you haven't alr...

Last week, we witnessed the 2nd and 3rd largest bank collapses in US history! In this episode we cover how a series of economic forces led to the demise of these two banks, how many people were affected without even knowing it, and the impact it could have on you moving forward. EPISODE RESOURCES Silicon Valley Bank expose Bonds 101 FDIC Insurance Details   And if you haven't already, sign up...

There's often a lot of confusion when people hear tax terms thrown out like deductions, credits, Adjusted Gross Income and more. In the lead up to the tax filing deadline, we give you a breakdown of how the federal tax system actually works, so you have the tools you need to know to make it work for you! EPISODE RESOURCES 2022 Federal Tax Brackets     And if you haven't already, sign up...

Every February 1st, there's a little known holiday that raises the awareness of state websites dedicated to finding your lost money: Unclaimed Property Day! Tune in to this episode to find out what Unclaimed Property is, why you might have some, and how to retrieve it! Episode Resources Unclaimed Property Article Support the show