The Momentum Advisors Show

If you don’t take the time to get your parents financial profile in order, it could put their finances in jeopardy--and ultimately yours! Over 15% of middle-aged adults are providing financial support to both an aging parent and a child, at the same time. For African-Americans, more than half find themselves unexpectedly "sandwiched" between caring for an older person and a child under the age of...

While our expertise is in wealth management, personal finance and entrepreneurship, we do know that climate change is a very real thing. And not only will it have an impact on the environment but it can also deep impact on your wallet. On this episode we talk about the ramifications climate change can have on your bank account; as well as, ways to save money while also saving the environment.

According to a recent Gallup poll, the average expected retirement age is 66. Thirty years ago, the average American projected retiring at age 60. What does this mean? On average, Americans are expected to work longer and retire later in life--or maybe not! There is a new Millennial movement called "F.I.R.E.", Financially Independent and Retiring Early. How early? 20 - 30 years early! It's not eas...

We just bought a new business together last month and what we have realized is that most of the advice we give is only on building a brand new business. But what about buying one? On this episode we give you all the steps on how to buy an existing business and give you a little insight into our recent purchase.

Are you tired of being lost in financial conversations? Are you feeling left behind in your attempt at "financial adulting"? No worries! On this episode we break down basic concepts and key words every adult must master to build wealth and be financially responsible. 

Keeping liquid savings on hand in case of an emergency is one area where Americans of all income brackets are falling short--especially the "middle class." But what is this middle class? Is it defined by a salary range, household income or aspirational possessions? And is being in the "middle class" all it's chalked up to be? On this episode we answer all these questions while addressing the wealt...

No matter how much you earn, "getting by" is still a struggle for most people. 78% of full-time U.S. workers say they are living check-to-check and 56% say they are in over their heads with debt. Even those making over six figures say they struggle to make ends meet with with nearly in 10 of those making $100k+ living paycheck-to-paycheck. So what does all of this mean? It means that we are all ac...

We recently did two episodes on estate planning: “Estate Planning” and “Trust Fund Babies.” This week's show focuses on giving you the the do-it-yourself (DIY) version. We are highlighting ways to get your entire estate plan done for little or no money whatsoever--and that's with or without the help of a lawyer. We hope that by eliminating all of the financial obstacles and making estate planning...

Who is Jerome and why is he hating on all of our bank accounts? What's a BRIC and how should you use the term at dinner parties? What are some of the most expensive stocks right now and how do we spot them? This episode is our quarterly Market update on what's happening in the economy and how it's effecting your portfolio today.

Research shows that only 44% of Americans have a Will. Leaving the majority of Americans with no estate plan at all; with 47% stating "they just haven't got around to it" and 29% believing they don't have enough assets to leave to anyone. On this episode, we discuss what goes into an estate plan and why now is the time to "get around to it" no matter how little you may (think you) have in assets.

COVID has created “a tale of 2 cities” where many people are struggling and a similar number of people are wealthier than ever. Between strong stock market performance and an even stronger housing market, we are seeing more people become millionaires than ever before. This episode discusses how these new millionaires are made, strategies to help them deal with their newfound wealth and tips on how...

Children start learning about money as early as three years old and it will take them decades to fully understand wealth. So the key is to start early. On this episode we give you an effective strategy for how to teach your kids--of all ages--about money. It's never too early or late to help expand your child's financial mindset.

Summer is the time to cut loose. Unfortunately, it can also mean cutting loose financially. These sunny months bring endless opportunities for traveling and socializing: holiday weekends, graduation parties, vacations, barbecues and family gatherings, summer camp, etc. Surveys find that 52% of parents spend more than they intend to every Summer. This episode talks about ways to save and how to be...

If you are deeply in debt and considering filing for bankruptcy, you are probably brimming with anxiety. Filing for bankruptcy can be complex and confusing because every case is so different. This episode breaks down everything you need to know about bankruptcy--and we guarantee some things will really surprise you. If you are considering bankruptcy or know someone who is about to file, make sure...

Your psychological view of money has a huge impact on your money decisions. Determining what to spend money on, how much to save and evaluating your “safety net” are all steeped in what we call your “Money Mind.” On this episode we will help you identify your money mind; and some of the pitfalls and opportunities that go along with it.

Are you asking yourself, do I need a financial advisor? For many people, the answer is 'NO'. Even though financial advisors can assist you with your money in a number of crucial ways, most people don't know what a real financial advisor does or when they actually need one. This episode breaks down who is--and who is NOT--a financial advisor; as well as, if you really need a financial advisor at al...

This week we are continuing to highlight how to approach building generational wealth in spite of all the systemic setbacks and obstacles, like the Tulsa Massacre. We are delving deeper into specific strategies for building wealth in your family no matter where you are on our "Generational Spectrum." This episode is a continuation from "The Tulsa Massacre & Your Generation."

This week marks the 100th anniversary of the Tulsa Massacre that destroyed “Black Wall Street” in 1921. It was a horrible tragedy that is a major cause for today's wealth gap in the Black community. On this episode, we are highlighting how to approach building generational wealth in spite of all the systemic setbacks and obstacles, like the Tulsa Massacre. We are breaking down strategies for build...

Most financial advisors want you to take baby steps toward your goals every year. While this works out well for most people, sometimes you have to do things a little differently, even if it means taking two steps back to move forward. We are breaking down an alternative approach to reaching your financial goals — which may involve doing some things that seem risky in the short run — in order to wi...

Several studies find that arguing about money early on in a marriage is the number one predictor of divorce; while couples who talk openly and frequently about money report being happier. This episode gives you strategies and topics on specific "money talks" you should have with your partner to ensure you both stay in control of your relationship. Financial friction can wreak havoc on your partner...

The average cost of college in the United States is over $35k per student, per year. While this cost has tripled in less than 20 years, we still intended on sending our children to college by any means necessary. Well this episode discusses just that: the means, tips and strategies for getting your child's college education paid for--whether you started saving early or not. This show is for parent...

President Biden has laid out a bunch of new economic and political plans: American Rescue Plan, American Jobs Plan, American Families Plan and the Made In America Plan. On this episode we break each plan down and explain what they mean for your pockets. We will also have a general discussion about the current state of financial markets and give you our thoughts on what to do moving forward.

Society stereotypes "trust fund babies" as overprivileged, spoiled, adult-children who think they're superior to others and have no responsibilities. But in reality, we should all strive to have trust fund baby's and on this episode we're going to tell you exactly why. We're also going to teach you how to leave a million dollar trust fund for your beneficiaries without ever having a fraction of th...

The housing market is red hot and it’s because of COVID. Housing prices rose by 11.2% in January, which is the fastest growth of home prices since January 2006. On this episode we help you strategize on how you can take advantage as an investor, a first-time home buyer, a second home buyer and/or as a landlord.

We own several franchise businesses. Down from 9 total franchise locations, we currently own 4 and are building more at a rapid pace. Franchising is great for the person who wants to be a business owner and has the skills to run a business but, doesn’t necessarily have the full business concept. On this episode, we are giving you key information about choosing to become a franchisee as a path to e...