The Financial Philosophers

Send us Fan Mail In today's episode, Chris and Danny discuss the pros and cons of co-purchasing a home with friends. Home prices are expensive, and it can be tempting to pool assets and income with friends to more easily afford a house. Is this a good idea? What are some of the pitfalls to be aware of? Tune in to today's episode to learn more!  Support the show Support the Show: patreon....

Send us Fan Mail In today's episode, Chris and Danny discuss how one's finances change when starting a family. Topics include: the impact on expenses and income, how one's health may be affected, and how personal and financial goals may change. This is a great episode for anyone who has children or is considering starting a family.  Support the show Support the Show: patreon.com/The...

Send us Fan Mail In today's episode, Chris and Danny have a discussion with Stephen Weisberg. Stephen is the owner and lead tax attorney at The W Tax Group, which is a full-service, attorney-based tax resolution firm that specializes in resolving IRS and state tax debt. Many people experience stress and anxiety whenever they have to deal with the IRS. However, you don't have to navigate...

Send us Fan Mail There are many things that can  derail your finances. Some things can even lead to your financial ruin. In today's episode, Chris and Danny discuss ways to protect your finances and build up your own financial fortress. This is a very attainable goal, and serves as the foundation for your future financial success. Join us today to learn more!  Support the show Support the Sho...

Send us Fan Mail In today's episode, Chris and Danny discuss 5 methods to help force better savings habits. Many people have enough income to save, but struggle to do so due to overspending. It's important to remember that our financial behaviors make up half the battle when it comes to our financial success. If you are someone who struggles to save, this episode is for you. Support the...

Send us Fan Mail In today's episode, Chris and Danny take a more philosophical turn on personal finances. Many people put so much emphasis on the outcomes of their financial actions, and use those outcomes as justification for whether they made the "right" or "wrong" choices. Chris and Danny explain why this is fallacious thinking, and offer thoughts on how to be a more lo...

Send us Fan Mail In today's episode, Chris and Danny discuss the potential upcoming tax law changes in 2025. There are a lot of tax topics being discussed in DC, but nothing has been finalized. A lot can change between now and the end of the year, and it is important to not overreact and make big tax decisions based on incomplete (and uncertain) information. Chris and Danny share some of thei...

Send us Fan Mail 2025 is here and a lot is happening! In today’s episode, Chris and Danny talk through the rapid developments surrounding federal workers and their job security. Many people are worried about layoffs, firings, and department changes. There is a lot of uncertainty in the air, and today’s episode will give you some financial thoughts to help you weather that uncertainty. Whether you...

Send us Fan Mail As 2024 is coming to an end, Chris and Danny have a discussion about some of their favorite nerdy financial topics. Today's episode is a great recap (and  introduction, if you're new to the show) of some important financial concepts that are worth revisiting. We hope 2024 has been good to you, and we'll see you  next year! Support the show Support the Show: patreon....

Send us Fan Mail There’s a lot going on right now. A new political administration is taking over in 2025, inflationary pressures continue to persist, costs continue to remain high, there’s a war between Russia and Ukraine, and there are escalating tensions in the Middle East. What does this mean for our finances? What can we do to prepare or address these concerns? In today’s episode, Chris and Da...

Send us Fan Mail In today's episode, Chris and Danny discuss the health insurance marketplace plans and the premium tax credit. Specifically, you will learn where and how to sign up for a plan, who should consider a health insurance marketplace plan, the important deadlines to be aware of, the nuances of the premium tax credit and how to take advantage of it, strategies for reducing one'...

Send us Fan Mail In today's episode, Chris and Danny discuss the nuances of long distance moving and changing jobs. What are the types of expenses to be aware of? What is the best way to manage and handle those expenses? How might one's insurance coverages be affected by moving and changing jobs? What are some of the big risks that can sneak up on you? Tune in to find the answers to thes...

Send us Fan Mail In today's episode, Chris and Danny have a high-level discussion about estate planning. Planning for your death or incapacitation is never easy. In fact, most people put it off and simply cruise by in life without ever building a plan for how their assets will transfer to their heirs after they are gone. Who will be getting your assets? How much will they receive? Will it be...

Send us Fan Mail In today's episode, Chris and Danny have a discussion about the issues with inheriting an IRA. IRAs are a common type of account. Most people have one. Everyone also dies at some point, so the chances of someone inheriting an IRA (and having to deal with the rules surrounding it) are quite high. There are a lot of things you need to be aware of when inheriting an IRA, so be s...

Send us Fan Mail The Childfree Guide to Life & Money by Dr. Jay Zigmont, CFP®  Pre-Order Link . Anyone who preorders can email their receipt to media@childfreewealth.com & they'll be entered into a drawing for a free Childfree Wealth Checkup ($500). Drawings are held monthly until the end of the year[2024]. Names stay in drawing until winning or the giveaway has ended. ChildFreeWealth...

Send us Fan Mail In today's episode, Chris and Danny explore the importance of discussing finances with your current or future spouse. In fact, your choice of spouse may be one of the most important financial decisions you ever make. The alignment or misalignment of financial values/goals may make or break your future financial success. Be sure to check this episode out, and use it as inspira...

Send us Fan Mail Support the show Support the Show: patreon.com/TheFinancialPhilosophers If you would prefer the video version of this podcast, join us on our YouTube channel over at https://www.youtube.com/@financialphilosophers To contact us for Interviews or Business Inquiries, please refer to the About page of our Youtube channel.  --------------------------------------------------------------...

Send us Fan Mail In today's episode Chris and Danny discuss the nuances of sequence of returns risk, who it applies to, the importance of raising awareness about it, and some steps one can take to mitigate it. Sequence of returns risk affects everyone, whether you are retired or not. Tune in to today's episode to learn more about how sequence of returns risk may affect your financial sit...

Send us Fan Mail In today's episode, Chris and Danny discuss the pros and cons of turning your hobbies into side hustles for extra income. There are many different ways to monetize your hobbies, but not every method is going to work for everyone. Furthermore, just because you can monetize your hobby doesn't necessarily mean that you should. Tune in to this episode to gain further insight...

Send us Fan Mail In today's episode, Chris and Danny cover the top 5 things you should do to survive a market crash. Market volatility can be very stressful, and nobody likes to see red in their investment accounts. During these times of stress, people are more likely to act irrationally and make poor financial decisions. If you want to be better equipped to navigate the stresses of a market...

Send us Fan Mail In today's episode, Chris and Danny discuss the unique opportunities available to travel nurses who want to achieve FIRE. They cover a laundry list of pros and cons to consider with these types of jobs, as well as who it might be good for. Whether you are a registered nurse or not, this episode will get you thinking creatively on how you might accelerate your savings and achi...

Send us Fan Mail In today's episode, Chris and Danny discuss the best debt repayment strategies to consider when tackling debt. Those debt repayment strategies are the Debt Snowball Method, Debt Avalanche Method, and Cash Flow Index (CFI) Method. All three methods have their pros and cons, and really depend on the context of the situation and one's personal preferences. Chris and Danny d...

Send us Fan Mail In today's episode, Chris and Danny discuss the importance of disability insurance and all of the nuances that come with it. Disability insurance is often ignored, yet it happens to be one of the most crucial types of insurance someone should consider. It does protect your greatest financial asset after all (i.e., your ability to earn an income). Chris and Danny cover topics...

Send us Fan Mail In today's episode, Chris and Danny discuss a financial thought experiment. How much money do you need to save to earn one year of financial independence or retirement? Thinking in very large numbers is counter-intuitive to most people. However, when we translate very large numbers into terms of time (e.g., months, years), the idea of saving for a goal becomes much more palat...

Send us Fan Mail In today's episode, Chris and Danny have a discussion about when it is (or is not) appropriate to use your emergency fund. Having an adequate emergency fund is the foundation of good financial health, and it is important to make judicious use of it when appropriate. Come join our conversation, and gain some additional insights on when it is appropriate to use your emergency f...