Welcome back to PSA Thursday, a mostly-weekly segment in which we talk about how to handle money, work, and life in the middle of a pandemic.
At the beginning of the month, we interviewed two teachers, Rob Phelan and Mandy Bert, for their perspective on what lies ahead for schools.
Now, as summer break ends, we turn to Andy Hill, father of two and founder of Marriage, Kids, and Money, for his perspective on how to avoid parental burnout.
Kelsey doesn’t feel comfortable investing in total stock market index funds and would rather invest in ESG funds. How can she tell if she has the necessary $2,000 invested in a company to submit a proposal to participate in a proxy voting? Also, Vanguard has a poor history of supporting shareholder resolutions. What can we do about this?
An anonymous listener, nicknamed “Jack from Belgrave,” wants to buy and househack one duplex every year to achieve financial independence and leave his office job within the next three to four years. Is his plan realistic?
Dylan and his wife rolled her 401k into a rollover IRA with pre-tax contributions. They’ve continued contributing to this IRA with post-tax contributions. Should they separate the accounts, or can they worry about this when they’re ready to retire?
“Alyssa from Belgrave” (another anonymous listener) and her partner earn $150,000 per year after taxes. They’re currently saving 80 percent by living with family. What should they do with their savings?
Leigh and her husband are three years away from retirement. They have an extra $50,000 in income this year and plenty of options for where to invest this money. Which one is the best?
Former financial planner Joe Saul-Sehy joins me to answer these questions on today’s episode. Enjoy!
Welcome back to PSA Thursday, a mostly-weekly segment in which we talk about how to handle money, work, and life in the middle of a pandemic.
Today, we’re focusing on handling money — specifically, how to earn more, especially as the $600 supplemental federal unemployment benefit has come to an end.
The new $300 supplemental benefit that’s replacing it is slooooowly getting approved by FEMA, state-by-state, through an excruciatingly snail-like process that can only be described as 🤯🤯🤯🤯🤯.
As a result, millions of people — including possibly your friends, family, neighbors, or yourself — are in financial limbo.
You may be lamenting the loss of the old benefit, anxiously awaiting the new reduced benefit, and drowning your sorrows in a bucket of Ben and Jerry’s ice cream while you wait for two+ months to receive a whopping half of the enhanced benefit that you used to collect.
That’s a run-on sentence, I know, but there are worse atrocities in life.
So. Here we are. And you — or someone you know — might be extra-anxious to figure out how to make a little extra money right now.
That’s why we put together a guide that does two things:
Click here to see the full guide, complete with awesome offers and resources.
Are you wondering how in the world you’re supposed to plan for retirement given the craziness of the year 2020?
You’re not alone.
That’s why we brought Dr. Wade Pfau on the show. Dr. Pfau is a Professor of Retirement Income for the American College of Financial Services. Dr. Pfau has made a major name for himself within the field of retirement planning. He’s a two-time winner of the Journal of Financial Planning Montgomery-Warschauer Award and two-time winner of the Academic Thought Leadership Award from the Retirement Income Industry Association.
Dr. Pfau also won an award for best paper in the retirement category from the Academy of Financial Services. In 2014, he was named “40 Under 40” by InvestmentNews. He is a co-editor of the Journal of Personal Finance, and he speaks frequently at national conferences of organizations for financial professionals.
He is a RetireMentor for MarketWatch, the Director of Retirement Research for McLean Asset Management, and an Expert Panelist for The Wall Street Journal. He holds a doctorate in economics from Princeton University, and he’s also a Chartered Financial Analyst.
Briana and her husband want to buy a home, but they don’t have enough saved for a downpayment. They also have student loan debt and a car loan. Which should they prioritize?
Javier is sick of being in debt. What can he do to put himself in a better situation?
Tracie wants to buy her first rental property, but she has student loans and a car loan to pay off. If she receives $20,000 from a cash-out refi, how should she use this money?
Vanitha wants to start a non-profit organization in memory of her uncle. She wants to know: what does this process look like?
Margie went under contract on a primary residence listed as a six-bedroom property. She found out that, legally, it’s a four-bedroom home. Should she re-negotiate the price, or ask for credits at closing?
I answer these questions in today’s episode. Enjoy!
Are you scared to take the first step toward the habits that you want to build?
Do you believe in your ability to change?
Or are you completely lost as to where to start?
Charles Duhigg, the Pulitzer Prize-winning journalist and author of the best-selling books The Power of Habit and Smarter Faster Better joins us on today’s show to tackle these questions.
On his podcast, How To!, Charles explores the “why” behind our habits and helps listeners overcome life’s biggest challenges. Among them, finding a new career before it’s too late, walking away from an impossible parent, fighting racism in your town, and saying the right thing at the worst time.
Welcome back to PSA Thursday, a mostly-weekly segment in which we talk about how to handle money, work, and life in the middle of a pandemic.
Do you have school-age children? If so, then brace yourself for a school year like no other.
This year, some children will return to school five days a week. Others will learn from home five days a week, and yet others will experience a hybrid of the two.
You and your kids may face wildly different schedules and challenges than anything you’ve encountered before.
How can you cope with this? Mandy Bert and Rob Phelan, who both work as teachers and are on the K-12 Education Team at the ChooseFI International Foundation, join us to share tips to help your children – and you! – survive the school year.
Natasha has $3,300 per month to either invest or use toward an early mortgage payoff. Which option should she choose?
An anonymous caller and military member wants to know if she should move money from a USAA brokerage to Vanguard to pay less in fees. Her goal is to retire in 12 years with $3,000/month in passive income from rental properties, which will supplement her military pension. Should she only contribute to her TSP up to the match, and invest the rest in rentals?
Chaim and his wife live in the Middle East and have $30,000 in a U.S. bank account. However, they don’t plan to relocate. How can they best use this money?
June and her husband are in a sticky situation: they bought their dream house in Michigan last winter, ahead of plans to relocate there. June lives there with their kids, but her husband is unable to find a job despite the numerous contacts he has in the state. He currently works in a job that he dislikes in Southern California, living apart from his family. They’re currently a one-income family, though June has plans to open a firm in Michigan. What should they do?
Anonymous in Portland has three questions: is a 75/25 US stock/international stock split aggressive? Is an S&P 500 index a close enough equivalent to a total US stock index? Is Betterment worth it for automatic tax harvesting?
My friend and former financial planner Joe Saul-Sehy joins me to answer these questions. Enjoy!
Welcome back to PSA Thursday, a mostly-weekly segment in which we talk about how to handle money, work, and life in the middle of a pandemic.
This week, we continue the conversation on evictions. No landlord wants to have to evict their tenant. No tenant wants to get evicted. What can we do, upfront, to prevent such issues from happening? That’s the question we explore in this episode.
We discuss what landlords can do to create and maintain open lines of communication with tenants. Inviting your tenants to communicate with you can help you avoid a situation in which they ghost you.
This week, one of the most acclaimed names in the world of personal finance journalism joins us to reflect on the events of 2020.
Farnoosh Torabi started covering personal finance in 2003 as a reporter for Money Magazine. She later became a correspondent for Jim Cramer’s The Street and the host of CNBC’s primetime show Follow the Leader. She’s the host of the award-winning So Money podcast and the author of several bestselling personal finance books, including When She Makes More: 10 Rules for Breadwinning Women.
She’s a contributing editor to NextAdvisor, a personal finance platform in partnership with TIME, as well as a financial columnist to O, The Oprah Magazine and a contributing editor for Bloomberg Business.
She joins us to discuss how the events of 2020 have led to a great financial reckoning.
You’ll enjoy this if:
