The Momentum Advisors Show

Last week’s episode discussed the costs associated with a major illness like cancer and how your medical insurance works. This week, we are talking about disability insurance, long-term care and somehow Allan’s dog (who has an interesting palette). Second episode of a very special series

We recently heard several stories of people whose financial situations got turned upside down due to illness. Often you hear of these situations where people have no insurance. What was unique about these stories - they all had jobs with employer provided health insurance. And yet they all wound up filing for bankruptcy. On today's show, we will discuss the cost of getting sick (hint: it's more th...

Three quarters of Americans are stressed about their personal finances. Many of us should be. But there are also many people with significant financial resources who are stressing themselves out for no reason. On this week’s show, we will walk through the steps of easing your financial stress so that you can stop “tripping!”

Studies show that people with low levels of financial literacy are 5x more likely to have insufficient emergency savings, 6x more likely to live check-to-check and 3x more likely to lack confidence in their retirement income prospects. On this show, we will quiz you on the “P-Fin” test to ensure you have what it takes to go from financial literacy to financial fluency!

Last week we discussed “the tuition treadmill” which is the idea of running on an endless treadmill of paying tuition for multiple kids. We are finishing that conversation today, but we are also going to talk about two other treadmills: the work treadmill as well as the health treadmill. This show talks about managing tuition, saving for retirement (especially for business owners) and getting heal...

There are more than 1 million families with multiple kids in college at the same time. For many of us, paying tuition feels like a treadmill that will never end. In this week’s show, we give you strategies for managing college costs, and we also break down how the new and improved FAFSA works. Spoiler alert — goodbye to the sibling discount.

As financial advisors, we get a lot of questions… Is the economy heading towards a recession? When will the Fed cut interest rates? What’s happening in the stock market?  On this episode, we will answer those questions. But more importantly, we will give YOU a list of questions that you must answer in your OWN financial life. Some of these questions, you can figure out with your financial advisor....

After a long break, we are back! There has been lots of talk this week about the pay disparity between WNBA players and NBA players. Despite dazzling the country in the NCAA Women’s Basketball Championship, Caitlin Clark will earn less than $80,000 per year, while NBA players will earn more than 200x that amount. While there is a huge pay gap in professional sports, there is also a pay gap in Corp...

Most people are getting excited about "March Madness" but what we're seeing and hearing about even more is mortgage madness. Reports shows that a lot people are out here refinancing mortgages right now even though they're going to end up with a considerably higher interest rate. On this episode, we talk about all things mortgage including when it is--and is not--a good idea to refinance.

Have you heard the story about the Uber driver who won the lottery and was still driving Uber? Well, we have and we know it firsthand. On this episode we talk about what happens when you actually hit the lottery, the Powerball, the MegaMillion? How much money do you get, when do you get it, who should you know, and how should you be thinking to make this miracle a long-term blessing.

In the past 30 days, Allan and Tiffany have bought 2 cars: one for their business and one for Allan’s family. In times past, Allan was adamant about the "proper" way to buy a vehicle, even though his thoughts were very different from Tiffany's. It turns out, after these two new car purchases, Allan is ready to admit his wrongs. Tune in to this episode to learn all about buying a car in today's cli...

What happens when one friends starts making considerably more--or less--than the rest of the friend ground? Do you feel like you have to change your friends as your financial situation changes? Did you get married, get a promotion, get laid off, have a baby, or some other financial milestone, and now you feel left out of the group chat? On this episode we get direct about how a change in someone’s...

First, it’s Black History Month and we couldn't be more excited! Second, Byron Allen is in the news this week for offering to buy Paramount Global for $14.3 billion dollars. People may recall that he also attempted to buy BET Media group for $3.3 billion just a few months ago. This reminded us of Allan's hero, super-entrepreneur Reginald F. Lewis, and his book, "Why Should White Guys Have All the...

Every so often we have to get serious and talk financial markets. What has (really) happened, what is going on right now, and what we think is on the 2024 horizon. On this episode we talk about the ever-elusive recession, declining interest rates, the recall of inflation, and why 2023 was the year of "Wipe Me Down!" (Spoiler Alert: We still aren't serious!)

It’s that time of the year when raises, bonuses, or promotions start to happen and you are on track to make more money in 2024 than you did in 2023. What should you do to make the most of this financial increase? On this episode, we teach you how to ensure this new money--no matter how big or small--lasts longer and goes farther this time around.

Allan’s childhood friend died last week and the family has to do a GoFundMe to cover necessary expenses. On this episode we highlight some of things to do, now, to make sure your family is prepared for when there is an emergency and/or loss of a loved one.

All everyone is talking about is Shannon Sharpe’s interview of Katt Williams on "Club Shay Shay", which racked up over 22 million views in just a few days. Well, we have decided to join in on the conversation. While there may have been some mudslinging and a few tall tales mixed in to the interview, there were even more important notes and advice on business, leadership, and economics. There is a...

We all know how much Tiffany loves Christmas. Well this year in addition to celebrating Christmas, she will also be celebrating Kwanzaa for the first time. On today's episode, we will talk about how you can celebrate both. Not just for one day but, all year long. We also highlight how both are closely tied to your financial growth for the new year.

What does it take to become wealthy and financially triumphant? This may seem like a really complex question to answer but we know firsthand that it is not. On this episode we share several true stories of triumphant financial success that we see every single day in the Black community. And the underlying theme in each story is how "common" these people's jobs, lives, circumstances, and decision-m...

You've almost made it to the end of the year and we're sure you've made some common, innocent mistakes that have cost you financially. Don't feel bad, we all do it. On this episode we are recounting true stories and sharing common life mistakes that eventually cost you big later down the road. Some of these might sound familiar, while others may be a cautionary tale that saves you--and your bank a...

So many people have the goal of being rich but do you know what dollar amount defines if you are rich or not? Do you know how to actually become rich? Do you know the difference between rich and wealthy? On this episode we help you determine if you are rich or not. We also talk you through what it means to be rich and how to get there if you're not on your way already.

As we move through Thanksgiving and officially into the holiday season, we break away from our traditional content to discuss how thankful we are for all that we have and all there is to come. On this episode, Allan and Tiffany reflect on what being thankful really means to them, what they are truly grateful for, and the miracles they want you to start expecting for your life today. This episode i...

Are you newly in love and/or ready to move-in with your partner? Are you at the beginning of a serious relationship and you want to take it to the next level? Well that means it's time to talk about money and (potential) joint wealth building. On this episode, we highlight what it means for your wealth when you move-in together or decide to get married. We also go through some tactics you should s...

It's easy to get excited when you get a pay raise, receive an inheritance, win a prize, get great returns on an invest, or even "make a little extra money on the side." But did you know, that ain't all your money? On this episode we talk about how taxes impacts every single dollar that you touch—whether you earned it or it was given to you. We break down each tax bracket, tax deductions vs tax cre...

You may not want to hear it but the end of the year is approaching. Which depending on your situation could include: figuring our whose cooking for Thanksgiving, holiday gift shopping, and "cuffing season." While one or more of those scenarios may be on your list we have a few financial checklist items that we need you to cross off before the year closes out. This episode highlights how to get you...