The Momentum Advisors Show

Nearly 80% of Gen Z trusts the financial advice they receive on social media platforms like TikTok. While there are some good accounts to follow, some of the worst advice seems to get the most likes! This week, we will walk through some of the most egregious examples of bad advice we’ve seen online and outline a framework for separating the sage advice from the scams.

In a follow-up to last week's conversation with Repa Mekha, we are discussing the strategies Nexus Community Partners is using to uplift the Black community, including distributing $50 million in grants directly to Black families. 

We come to you today from “The Collective Sum,” a gathering of Black community leaders in Minneapolis. Join us in a conversation about community building through investing in “the Four ‘Ships” — Leadership, Authorship, Stewardship and Ownership.  Introducing Nexus Community Partners, a leading community building intermediary that is building engaged and powerful communities of color: www.nexuscp.o...

The election of Zohran Mamdani as New York CIty’s mayor was controversial for some because he is a self-proclaimed “Democratic Socialist.” His policy ideas include things like free childcare and government-owned grocery stores — all to benefit the people. While Republicans are pointing fingers and name-calling, they are also moving the government in an equally contentious direction - towards “Stat...

Credit cards are a game of Pimp or Be Pimped, and the credit card companies are winning. Americans are sitting on a record $1.2 trillion of credit card debt, with an average interest rate of 22.8%! This episode exposes credit card traps and gives advice on how to turn your credit cards into treasure by taking advantage of rewards programs and cash back offers. We also walk through a framework for...

This year's financial markets have been a roller coaster, delivering strong—yet volatile—returns. Federal Reserve Chairman Jerome Powell describes the current labor market as "low hiring and low firing," where job openings have dried up but mass layoffs haven't materialized. With a new wave of stimulus hitting the economy (tax cuts and lower interest rates), we break down our views on what happens...

Are you a high-income earner who still struggles with money? You might be spending like a drug dealer—making it fast, and burning through it even faster. This episode reveals the shocking truth that high-income earners often make worse financial decisions than low-income earners. It all started when a new client was chastised by her friends for her low savings, despite her huge salary. We dive int...

Stock options aren't just for Wall Street pros anymore. Last week's record trading volume proves everyday investors are diving in - but do they really know what they are doing?  Whether your goal is to trade options for speculation or to hedge a stock investment, we will educate you on these complex strategies with some simple analogies and memorable stories.

The government has shutdown every 2-3 years on average over the past 50 years. However, many people are worried that it feels different this time. While we may not be in a recession, we are experiencing a “growth scare” - a rise in economic anxiety. Join us this week as we break down strategies for surviving this crucial moment.

The retirement account that has been around for nearly 50 years hasn’t changed much… until now. Starting next year, everything is different. We’re diving into the major new investment options—private equity, hedge funds, and crypto—that could redefine your portfolio. We also cover major changes to "catch-up" contributions for high-income earners over 50. Tune in this week for the breakdown you nee...

Did you know your ability to negotiate directly impacts your ability to create wealth? This week, we are helping you to stop leaving money on the table. We sit down with attorney and author Damali Peterman, who literally wrote the book on the subject. She'll reveal the key principles you need to persuade people and get what you want, whether it’s a higher salary, a better home price, or a more ben...

Artificial intelligence is increasingly becoming a crucial part of our daily lives. With economists estimating that this technology could add $15.7 trillion to the global economy by 2030, a key question remains: are you positioned to profit from this growth? This week we are breaking down all the ways you can invest in AI, from individual stocks to specialized funds, ensuring you don't miss out on...

Normally we start our shows with small talk and social commentary, and then we move into our financial topic for the day. This week was so heavy, though, with all the difficult events happening across the country — an assassination, a school shooting and death threats targeting Black college students. So, that's all we're talking about in this episode. We hope to be back to our usual format next w...

Looking for a way out of the current political climate? You're not alone. Over 5.5 million Americans have already moved abroad. In this episode, we'll tell you where people are going and what's motivating them to leave. We'll also cover the crucial steps to take before you go, including the surprising tax implications of becoming an expat. Plus, we'll share our own recent observations from a trip...

This week, we're talking with Lulete Mola, executive director of the Minnesota Black Collective Foundation. As one of the few social justice organizations with an endowment, they're leading the way in funding Black-led nonprofits. Join us as we dive into their work and explore the critical role of strategic planning in philanthropy.

August marks Black Philanthropy Month, a vital initiative launched in 2011 to champion funding equity and uplift philanthropic efforts within communities of African descent. This focus is more critical than ever, as the percentage of funding directed towards Black charities has decreased by over 30% since the surge in giving that followed George Floyd's death. In Part One of this two-part series,...

Our employer retirement plans, collectively holding over $12 trillion, are often our largest assets. For years, the conventional wisdom has been to roll these funds into IRAs when changing jobs. However, a troubling trend is emerging: one-third of workers are cashing out their plans when they leave a job, wiping out their savings. We're also seeing a record number of people taking hardship distrib...

Medicaid, the government health insurance program for individuals with limited income and assets, often becomes a crucial consideration for families aiming to protect their savings and preserve inheritances when anticipating significant healthcare costs. The program has always been complex and now it’s getting trickier in the face of steep budget cuts by the Trump administration.  This week, we ex...

The tax changes we previewed a few weeks ago are now law. Trump’s OBBBA (we are affectionately calling it the “One Blankity Blank Bill Act”) is set to impact everyone in different ways — delivering big savings for some high income earners, and taking away financial safety nets for others.  Join us this week as we dissect the tax changes and show you how they'll directly affect your pockets. We wil...

A record three million young adults are heading off to college this fall, and for many parents, this milestone brings a powerful mix of emotions: immense pride, underlying fear, and a touch of heartbreak. But beyond the emotional rollercoaster, there's a sudden, stark reality – your 18-year-old is now legally an adult. This means no more automatic access to their grades or healthcare decisions. Jo...

Homeowners have access to a record-breaking $35 trillion in home equity. With interest rates uncomfortably high, tapping into that wealth has become complicated. Traditional options like HELOCs and second mortgages are expensive, and new companies are pushing "Home Equity Investments" (HEIs)—deals that often seem too good to be true. On this episode, we break down all your options for accessing yo...

A perfect 850 FICO score is a rare feat, held by just 1.54% of credit-holding Americans. This aspirational target is becoming even harder to attain as the credit landscape continuously evolves. Join us this week as we break down upcoming changes in credit calculations and put Andrea's credit expertise to the test.

Wedding season is in full swing! With over 2 million marriages annually, summer and fall are peak times for couples to say 'I do.' Beyond traditional nuptials, many same-sex couples are exploring civil unions and domestic partnerships. Join us today as we delve into all your options and help you navigate taking your relationship to the next level!

Despite unauthorized immigrants comprising less than 5% of the American workforce, the government is pursuing mass deportations. The stated goal is to open up jobs for citizens, but will it work? This week, we explore the complex social and financial implications of current immigration policies. We'll shed light on the vital role unauthorized workers play in our labor force and the potential econo...

Whether it's scaling down, moving up, or diving into the home-buying market for the very first time, people are navigating a wide range of housing journeys. In this episode, we sit down with real estate expert Kim Primus to break down the issues, challenges, and opportunities in the real estate market today. If you are an aspiring investor, buyer or homeowner, you don’t want to miss this one! Find...