Financial Freedom Podcast

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A semi-monthly podcast that brings you advice and interviews with experts on various important topics to help you make better and smarter financial decisions in order to improve or maintain your financial situation.

Steven J. Richardson, Esq.


    • May 23, 2025 LATEST EPISODE
    • every other week NEW EPISODES
    • 30m AVG DURATION
    • 224 EPISODES


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    Latest episodes from Financial Freedom Podcast

    Episode 225: Creating Your Income Snowball with Tanisha Souza

    Play Episode Listen Later May 23, 2025 45:11


    There are only so many hours in a day, and sometimes, even with a second job, it can be hard to make enough money to achieve financial freedom for yourself and your family.  One way to get past this problem is to disconnect time from money and start generating passive income. That's why in this episode of the podcast I talk with former practicing lawyer Tanisha Souza about what she calls an "Income Snowball" that can get you that extra income you need. In this episode you will learn: - What an Income Snowball Is - The Kinds of Investments That Are Used to Create One - How it Reduces Risk for Passive Income - How to Find the Money to Invest in One

    Episode 224: Breaking Free from the Financial Treadmill with Bill Westrom

    Play Episode Listen Later May 9, 2025 53:28


    No matter how hard they try, a majority of Americans are living paycheck to paycheck, and even more don't feel secure with money. With no money left over after the bills are paid, it makes it nearly impossible to save for the future and reach long term financial independence. That's why in this episode of the podcast I talk with financial expert Bill Westrom on how folks can break the paycheck to paycheck cycle, save for the future, and gain financial freedom. In this episode you will learn: - The leading causes for people living paycheck to paycheck - How to get unstuck and and moving closer to financial freedom - How people can get better control of their money - About Credit Line Banking (what it is and how it can help you) - About tools to minimize expenses and achieve lasting financial independence

    Episode 223: Getting Your Kids Saving Early with Timothy Smith

    Play Episode Listen Later Apr 25, 2025 51:05


    The sooner kids learn about financial literacy the better. They have a greater chance of maintaining financial freedom and independence in their adult lives. But this goes beyond budgeting, spending, and knowing how credit works; it includes saving for short and long term goals. So to find out more about what parents can do to educate their children on saving I talked with personal finance expert and podcaster Timothy Smith, who hosts "The Financial Dad" with his two daughters. He has some great ideas on how to start your kids out right with money.  In this episode you will learn: - How to educate your children on saving and investing - How to teach your children about taxes - About basic saving skills - How to choose a good long term investment - About red flags to look for in investment scams and get-rich-quick schemes

    Episode 222: Lowering Your Tax Bill with Frank Buchholz

    Play Episode Listen Later Apr 11, 2025 37:02


    Tax time can be very stressful for folks, especially if they owe money. For those struggling with debt and trying to pay the bills, it is even worse. But it may not always have to be. Tax planning throughout the year is a good idea if you want to minimize your taxes (or maximize your refund) when you ultimately file your return. That's why in this episode of the podcast I talk with financial advisor Frank Buchholz about strategies you might be able to use to be in better shape when you file your next tax return. In this episode you will learn: - Strategic use of IRA contributions - How to spot the good tax tips among the bad - How not getting a refund helps with your taxes and retirement savings

    Episode 221: How Federal Workers Can Transition to the Private Sector with Bonnie Negron

    Play Episode Listen Later Mar 28, 2025 39:21


    President Trump's efforts to downsize the federal government through the Department of Government Efficiency has a lot of federal workers nervous. Many of them have built a career with the government and spent years in public service. The thought of transitioning to the private sector, should they receive a pink slip, can be very stressful. That's why in this episode of the podcast I bring back Certified Career Coach Bonnie Negron to talk about the best and most effective ways to find the right job in the private sector, as quickly as possible, to stay on track to financial freedom. In this episode you will learn: - How to determine the kinds of jobs to apply for - How to draft a private sector resume (they're different) to showcase yiour public sector skills for private sector employers - How long you should expect it to take to get that next job - What resources you can use to get that job

    Episode 220: The Psychology of Overspending with Scott Yamamura

    Play Episode Listen Later Mar 14, 2025 41:46


    One of the first steps on the path to financial freedom is getting your spending under control and creating a budget that has you living within your means. But determining **why** you overspend is an important part of the process if you want to stick to that budget. That's why in this episode of the podcast I talk with certified financial coach Scott Yamamura on the psychology behind overspending and how you can use it to identify your motivations and keep your spending under control. In this episode you will learn: - The Psychological Components of Overspending - The Emotional Triggers and Mental Barriers that Lead to Impulsive Financial Decisions - How Tax Season Has an Effect on Buying Decisions - How to Overcome the Psychological Barriers

    Episode 219: Whole Life Insurance as a Fixed-Income Strategy with Tom Wall

    Play Episode Listen Later Feb 28, 2025 43:11


    The ultimate goal of retirement savings is to have a source of income once you leave the workforce for good. One of the scariest things about retirement is that leap of faith that you will still have the money to pay the bills once there's no longer a paycheck. One way to address this is to plan for streams of income in advance, like annuities, which I discussed in Episode 218. But it's good to have options, which is why in this episode of the podcast I spoke with Tom Wall about how life insurance can create another income stream. In this episode you will learn: - How life insurance fits into your retirement savings plan - How life insurance can be a good investment - How life insurance gives you "permission to spend" - What your greatest concerns should be when you retire

    Episode 218: Are Annuities for You with Michael Karwic

    Play Episode Listen Later Feb 14, 2025 45:35


    One of many financial tools in the retirement savings toolkit is the annuity. Most people have heard about them, and that they provide a stream of income, but beyond that, not much is known. That's why in this episode of the podcast I bring back repeat guest Michael Karwic to talk about what annuities are, how many types they have, and how they can fit well into your retirement investment strategies.  In this episode you will learn: - What an annuity is - How many kinds there are - When they are a good idea for you - How to decide what kind to get

    Episode 217: Building Your Financial Pinwheel with Joe Okaly

    Play Episode Listen Later Jan 24, 2025 46:17


    Young people starting out, and especially young families, need to have a good handle on their finances in order to reach and maintain financial freedom. They need to spend below their means and and save for short term and long term goals. To talk about the importance of doing this, and his new book that discusses **how** to do this, I talked to financial planner and previous guest Joe Okaly, to get the solutions you need to succeed. In this episode you will learn: - What a Financial Pinwheel Is - How it helps you plot your spending and your finances - How to use it to control "lifestyle creep"

    Episode 216: Making Your Wealth Have a Purpose with Derrick Kinney

    Play Episode Listen Later Jan 10, 2025 40:13


    Long term investing and saving is key to building wealth and financial independence. However, that wealth should also have meaning to you. Aligning your financial goals with a cause that resonates with you can transform your life, shifting your focus from mere accumulation to creating positive change. That's why in this episode of the podcast I talk to repeat guest Derrick Kinney about how you can get clarity on the purpose of the wealth you are building in order to achieve true fulfillment in life. In this episode you will learn: - Why connecting money to purpose makes us happier in life - The benefits of using your wealth for lasting impact - How to identify a cause that aligns with your values - Practical steps you can take to reframe your financial goals around a bigger mission

    Episode 215: Purchasing a Business with Karl Maier

    Play Episode Listen Later Dec 27, 2024 42:41


    Lots of people dream of owning their own business. They have that entrepreneurial itch that needs to be scratched. But most start-up businesses fail because they are hard to get started and grow. But what if you were to buy an already thriving business? How would that work? To answer those questions I spoke with CFO and business advisor Karl Maier. He has some great tips and ideas on how to be successful in buying a business. - How to start discussions with a potential business seller - What a letter of intent is and how it works - What critical information you should get from the seller about the business - What terms you should negotiate - Ways to get the money for the purchase

    Episode 214: Promoting Financial Literacy with Aaliyah Kissick

    Play Episode Listen Later Dec 13, 2024 46:41


    Financial literacy is an important part of anyone's education and should start before the student graduates from high school. In Episode 151, I talked with Jake Cousineau on how he teaches it to high school students. But this is a topic that needs to be discussed more. That's why in this episode of the podcast I talk with Aaliyah Kissick about her efforts to promote financial literacy, especially among the Gen Z. In this episode you will learn: - About the Financial Literacy Diaries and how they can help - How storytelling is important in teaching financial literacy - How Gen Z workers can win at job search

    Episode 213: Demystifying Money with Misty Lynch

    Play Episode Listen Later Nov 22, 2024 45:35


    Achieving financial freedom and meeting long term savings goals like retirement can seem beyond reach. This is often because the concepts of personal finance and investing can seem mystifying, or that myths out there have you thinking that these goals are beyond reach. Misty Lynch, a Certified Financial Planner, has been helping people demystify the process and bust the myths that may be holding them back. Once I heard about her, I knew I had to have her on the show. Here is our discussion. In this episode you will learn: - Why having debt may be a good thing - Why it doesn't take money to make money - Why renting is sometimes better than owning - Why estate plans are for everyone

    Episode 212: Laying Out Your Retirement Plan with Stephen Kates

    Play Episode Listen Later Nov 8, 2024 44:37


    We all hope to retire some day. The thought of being able to do what you want with your life without having to worry about having the money to pay the bills is the very essence of financial freedom. But figuring out the path to get there is often the hard part. Where (and how) do you start? When should you start (and what if you're starting later in life)? To answer these questions, I talk with certified financial planner Stephen Kates on how you should lay out your retirement plan. In this episode you will learn: - Where to start putting together your plan - The most common mistakes people make - How risk tolerance affects your plan - How to diversify your investments

    Episode 211: The Personal and Business Mindset with Justin Buonomo

    Play Episode Listen Later Oct 25, 2024 40:21


    Many people dream of starting their own business and being their own boss. It is something they built and can be their legacy. But most businesses fail at some point; it's only a matter of time. To increase your chances of success, you need the right money mindset, not only for your business, but yourself as well. That's why in this episode of the podcast I talk with Justin Buonomo of Journey to Financial Freedom about how to form those mindsets and be successful! In this episode you will learn: - How your money mindset impacts things other than your financial stability - Unconventional strategies for achieving financial independence - How to build a business that will support your lifestyle - How to align your lifestyle with your business goals

    Episode 210: Writing Your Money Narrative with Amy Cook

    Play Episode Listen Later Oct 11, 2024 35:55


    A big part of achieving financial freedom is having the right mindset about money. If you don't think about money in a way that aligns with your financial goals, you will find it difficult to succeed. That's why on this episode of the podcast I talk with financial advisor Amy Cook about what she calls your money narrative and how the right one can help you achieve your financial goals and, ultimately, financial freedom. In this episode you will learn: What a money narrative is How it influences your financial decisions The common money narratives that hold people back How early life experiences shape our approach to money How to reshape a negative money narrative

    Episode 209: Understanding Social Security with Devin Carroll

    Play Episode Listen Later Sep 27, 2024 41:17


    Social Security is still an important part of any retirement plan. It acts as a good supplement to a pension or other income from IRAs or 401Ks. But how it fits in to your particular plan and when is also important. That's why in this episode of the podcast I talk with financial planner and Social Security guru Devin Carroll about how to make the right choices when you are a few years out and when you are ready to walk out the door and go home for good. In this episode you will learn: How to decide when to claim benefits What you should know about benefits before retiring The biggest mistakes people make About survivor benefits About ex-spouse benefits

    Episode 208: Understanding Stock Options with Landon Loveall

    Play Episode Listen Later Sep 13, 2024 44:37


    You may have heard about stock options in financial news articles, especially in the context of tech companies and startups. They act as a form of compensation or a benefit for employees.  But what are they? How do they work, and if your employer offers them, how can you use them to your best advantage in your financial plan? To answer these questions, I talk with Landon Loveall of KB Financial Advisors on how stock options can help you with your short and long term financial plans. In this episode you will learn: - What stock options are - The types of stock options and their tax ramifications - How you can leverage them to your benefit - How to minimize your tax liability

    Episode 207: Retiring at 44 with Tony Lopes

    Play Episode Listen Later Aug 23, 2024 49:54


    Most people wait until they reach age 65 or older to retire. One of the reasons is that you can maximize your social security benefit. This makes retirement something that is far into the future. But what if you don't want to wait that long? What if you want to have more time to enjoy it? That's why in this episode of the podcast I talk to engineer, real estate professional and CEO of Dirty Boots Capital Tony Lopes on how it can be done. In this episode you will learn: - How to solve the job experience to get a job conundrum - The importance of getting a Return on Life (ROL) - About building wealth with passive income - The importance of having more than one source of income

    Episode 206: Achieving Uthentic Wealth with Rob Souza

    Play Episode Listen Later Aug 9, 2024 45:41


    The word "wealthy" means different things to different people. It's more than the numbers in people's bank accounts or necessarily being a millionaire. It's more about financial independence and having a healthy relationship with money. That's why on this episode of the podcast I talk with Rob Souza about what wealth is, how you can reimagine it, and how you can achieve what he calls Uthentic Wealth. In this episode you will learn: - Why money mindfulness is foundational to financial freedom - Why a healthy relationship with money is important - How your finances are interconnected with other areas of your life - How you can reimagine wealth

    Episode 205: Life Insurance Settlements with Rob Haynie

    Play Episode Listen Later Jul 26, 2024 44:47


    Life insurance is an important part of any financial plan. Your death can bring about financial hardship to those you leave behind without it. Term life provides a nice benefit for a lower premium (although it goes up as you get older), while whole or universal life provides coverage for a higher premium, but it grows in cash value over time to provide an asset. But apparently that whole life policy is worth more than its cash surrender value! You can actually sell it! To tell you more about this, I talked with Rob Haynie about life settlements and how they work. In this episode you will learn: - What a life insurance settlement is - What some of the most compelling reasons are for considering one - How they can  aid in estate planning - How they can help you achieve financial freedom in retirement - How they can help you overcome debt and avoid foreclosure

    Episode 204: Investing for Millennials with Dan Solin

    Play Episode Listen Later Jul 12, 2024 44:40


    Millennials are somewhat the "middle child" generation when it comes to saving for retirement. Although, on average, they began saving 10 years earlier than Baby Boomers, Gen Z started at the age of 19, which is 16 years earlier than the average baby boomer, and 6 years earlier than millennials. As such, they do have an edge over Boomers, they do have to play catch-up vis a vis the Gen Zers. That's why in this episode of the podcast I talk with retired attorney and investment guy Dan Solin on what millennials can do to get to the retirement finish line successfully. In this episode you will learn: - Whether Retirement Should Be Your Investing Goal - How Your Behavior Will Determine Whether You Reach Your Retirement Goals - What "Consumer Smoothing" Is - Whether Adjustable Rate Mortgages are Better Than Fixed Rate Ones - Should You Pay Off, or Keep, Your Mortgage

    Episode 203: A Financial News Update

    Play Episode Listen Later Jun 28, 2024 20:49


    Although student loans continue to be a hot topic in personal finance news, there are many interesting articles and tips out there that can help you on your path to financial freedom.  These include Gen Z investment strategies that seem to be working, the cooling of the housing market competition, whether you should leverage the equity in your home, and how to maximize your vacation time. Thant's why in this episode of the podcast I wanted to talk about these various news items, in hopes that they can give you some investing ideas, help you decide whether to buy or sell a home, whether to do something with your home equity, or get you the most time off from work. In this episode you will learn: - How Gen Z Investment Strategies Can Help You - About the Cooling of Housing Market Competition and What It Means for You - About If, When, and How You Should Tap Into Your Home Equity - How to Maximize Vacation Days  

    Episode 202: The Importance of Having an Estate Plan with Adam Zuckerman

    Play Episode Listen Later Jun 14, 2024 48:56


    One of the things that many couples and individuals think about, know they need, and fully intend to get one day, is an estate plan. But what is it? Is it just a will? What can happen if you put it off too long? That's why in this episode of the podcast I talk with estate planning attorney Adam Zuckerman to get a good idea of what an estate plan is, why you need one, and why you shouldn't wait to get one. In this episode you will learn: - What an Estate Plan Is - How It Differs from a Will - About the Downsides of Not Having One - What You Need to Think About in Making One - About Revocable Living Trusts

    Episode 201: Understanding Cryptocurrency with Bitcoin Ben

    Play Episode Listen Later May 24, 2024 51:11


    One of the more mystifying subjects in personal finance is cryptocurrency (what most people identify as Bitcoin). The concepts behind digital currency are not obvious and can lead to people being hesitant to get involved in it. That's why in this episode of the podcast I talk to former truck driver and cryptocurrency enthusiast Bitcoin Ben to tell us about what it is, how you can get some, and why you should consider doing so. In this episode you will learn: - What Cryptocurrency Is - About the Easiest Way to Get It - How to Store Cryptocurrency - Whether You Should Invest in It

    Episode 200: A Look Back on Another 100 Episodes!

    Play Episode Listen Later May 10, 2024 61:54


    For my 100th episode, I did a look back on 9 of those guests and highlighted some of the great information they had for listeners. Now that I have reached the milestone of 200 episodes I wanted to do that again with guests from Episodes 101 forward. I will leave links in the show notes to the full episodes if you haven't already listened to them and want to hear more. In addition, due to the length of this episode, I will also be leaving chapter markings (so you can skip ahead if you wish) and time codes in the show notes. In this episode you will learn: - How to Deal with Financial Stress - About Budgeting and Reducing Spending - Alternative Ways to Pay Down Debt - How to Look for a Better Job to Increase Income - About Getting Started in the Stock Market - About Forming a Millionaire Mindset - How to Define Retirement for Yourself - How to Talk to Your Kids About Money - Strategies for an Affordable College Education for Your Kids Chapter Markings 02:11   Dealing with Financial Stress (Dr. David Weiman) 08:32  Budgeting & Reducing Spending (Tightwad Todd) 14:29  Alternative Ways to Pay Down Debt (Jerry Fetta) 20:17   How to Look for a Better Job (Bonnie Negron) 28:58  Getting Started in the Stock Market (Markay Latimer) 36:11   Forming a Millionaire Mindset (Tony Bradshaw) 42:04  Defining Retirement for Yourself (Eric Brotman) 47:03  Talking to Your Kids About Money (Derrick Kinney) 55:02  Strategies for an Affordable College Education for Your Kids (Brad Baldridge)

    Episode 199: Getting Out of Debt with the Debt Free Dad

    Play Episode Listen Later Apr 26, 2024 47:09


    Eliminating debt is one of the first steps on the path to financial freedom. Controlling your living expenses and spending within your means allows you to work towards short and longterm savings goals. But that's not always easy while raising a family. That's why in this episode of the podcast I talk with Brad Nelson, the Debt-Free Dad, to talk about how it can be done! In this episode you will learn: - Budgeting Tips for Beginners - How to Improve Your Financial Habits - How to Reduce Impulsive & Wasteful Spending - How to Talk About Money in a Relationship - The Best Method to Pay Off Debt

    Episode 198: Saving Your Home from Foreclosure with DJ Olojo

    Play Episode Listen Later Apr 12, 2024 40:08


    As a bankruptcy attorney, I help lots of people to save their homes from foreclosure by filing a chapter 13 bankruptcy to make catch-up payments on their mortgage. But there are other ways to do it. That's why in this episode of the podcast I talk to DJ Olojo about how he helps people to save their homes without filing bankruptcy. In this episode you will learn: - Telling Foreclosure Myth from Fact - About the Mortgage Bank's Foreclosure Playbook - Foreclosure Prevention Tactics - The 12 Step Program to Save Your Home

    Episode 197: A Discussion with Anti-Financial Advisor Chris Miles

    Play Episode Listen Later Mar 22, 2024 54:44


    There are many ways to save and invest for retirement (or just to build wealth) and most are recommended by traditional financial advisers. But sometimes it's a good idea to explore some non-traditional ways to do it that might be better suited to your situation. That's why in this episode of the podcast I talk to Chris Miles, a self-described anti-financial advisor who walks that road less traveled with his clients to help them reach their own financial freedom. In this episode you will learn: - What an Anti-Financial Advisor Is - Why You Need to "Get Your Money Out of Prison" - How Passive Income Can Help Build Wealth - How to Come Up with Money to Invest

    Episode 196: Graduating College Debt Free with Jeannie Burlowski

    Play Episode Listen Later Mar 8, 2024 52:22


    The student loan crisis has made parents and students more cautious when it comes to taking out student loans. But even then, the average student debt is $30,000, which is a lot to owe fresh out of college with no job. But what if you could graduate debt free and into a job you love? To answer that question I talked with academic strategist Jeannie Burlowski on how it can be done! In this episode you will learn: - Strategies for when you're not in a position to save money - How to leverage more need-based aid from schools - How private schools can be a better deal than state ones - Talking to teens about career goals before they apply

    Episode 195: Achieving Practical Wealth with Curtis May

    Play Episode Listen Later Feb 23, 2024 51:23


    Achieving financial freedom means getting your personal finances in order, so that you are living within your means and have money at the end of the month. But to have true financial freedom long term, with long term goals like retirement, you have to have a financial plan. That's why in this episode of the podcast I talk with fellow personal finance podcaster Curtis May on attaining what he calls Practical Wealth. In this episode you will learn about: - Practical Wealth - Cash Flow Mapping - Accumulation Theory - Velocity of Money Strategy - Privatized Banking

    Episode 194: The Importance of Bonds in Retirement Savings

    Play Episode Listen Later Feb 9, 2024 52:27


    Stocks are a key part of any retirement savings portfolio. Their potential to grow over the course of your working life with a rate of return, despite ups and downs, that can't be beat by CDs or a savings account. But bonds are also important to a well balanced portfolio. To find out the particulars in this episode of the podcast, I bring back Certified Financial Planner Michael Karwic for a talk on bonds and how they can be key to a successful retirement.  In this episode you will learn: - What Kinds of Bonds There Are - How Bonds Balance Risk Tolerance - About the Tax Advantages of Certain Bonds - How Interest Rates Can Vary on Bonds

    Episode 193: Getting Your Best Financial Life with Anne Lester

    Play Episode Listen Later Jan 26, 2024 52:39


    As I've said in previous episodes, the earlier you start saving and investing for retirement, the better. As soon as you graduate with your degree and get a job, you should start on your path to long term financial freedom. But how do you get started? How do you put together a plan for retirement investment that will work long term? That's why in this episode of the podcast I talked with retirement expert Anne Lester to get answers to this question. In this episode you will learn about: What your "money type" is Creating a retirement plan in your 20s & 30s How to find money to invest Retirement planning for the self-employed

    Episode 192: Personal Finance Tip Roundup

    Play Episode Listen Later Jan 12, 2024 25:08


    Financial freedom is a journey, not a destination. Even if you are in good shape now, it takes good habits and discipline to maintain it on into the future. Laws and financial circumstances can change, and you need to be adaptable. That's why in this episode of the podcast I wanted to report on some tips, tricks, and changes in the law that might help you have a financially free 2024.  In this episode you will learn: - Good options for short term savings - About college fund to Roth IRA Rollovers - How a "Dry January" can save you money - About the 12 month student loan "on-ramp" - Job Search Tips for 2024 - How to decide when to claim Social Security benefits

    Episode 191: How to Choose a Financial Advisor

    Play Episode Listen Later Dec 22, 2023 22:54


    Achieving financial freedom is not always easy. Some people have the skills to do it on their own, while others need some expert help and guidance. That's never a bad thing. Having that guidance means hiring a financial advisor. But how do you pick one? How do you know if you have the right one for your needs? Getting you answers to those questions is why in this episode of the podcast I talk about the steps you need to take in choosing the right financial advisor for you. In this episode you will learn about: - The Steps to Choosing an Advisor - The Types of Advisors - The Kinds of Services They Provide - Common Mistakes People Make in Choosing an Advisor

    Episode 190: Taming the High Cost of College with Brad Baldridge

    Play Episode Listen Later Dec 8, 2023 45:07


    The cost of a college education is getting higher and higher. Students are graduating with crushing debt and are either unable to find a job or can't get one that will earn them enough money to pay the loans. Parents often get into debt by cosigning loans, or sacrifice their retirement. That's why in this episode of the podcast I wanted to talk to someone who could provide advice and strategies on approaching the cost of higher education and making sure that parents and students have a plan in place way before they decide on a school. In this episode you will learn: - Where (and when) to begin the planning process - How to find out the true cost of a school before picking it - How parents can help their children without sacrificing their retirement - Can private schools be as affordable as public ones? - Is there a different strategy for graduate school?

    Episode 189: Year-End Tax Planning Tips for 2023

    Play Episode Listen Later Nov 24, 2023 23:22


    As the holiday season approaches, we're all thinking about the celebrations, gift giving, and general joy that we experience during this time. But as the year comes to a close, we should also be thinking about our finances and the tax bill that may come in the new year. Thant's why in this episode of the podcast, although it isn't as exciting and uplifting as the holidays, I wanted to talk about some tax planning you can do now that may reduce that tax bill next April. In this episode you will learn: - How to maximize retirement contributions for tax benefits. - About contributing to HSAs and FSAs for healthcare tax deductions. - Why you should regularly review and update your tax withholdings. - Why you should explore family and education tax credits. - About reviewing your investment portfolio for tax-efficient strategies.

    Episode 188: Forming an Entrepreneurial Mindset with Danielle Hayden

    Play Episode Listen Later Nov 10, 2023 45:05


    No matter the size of a family business, the owner is an entrepreneur. This is an important realization, as having an entrepreneurial mindset is key to the success and growth of any business. That's why in this episode of the podcast I talk to Danielle Hayden of Kickstart Accounting about the entrepreneurial mindset, how to create a financial vision for your small business, and how to make sure that business weathers bad times. In this episode you will learn: - How to transform your money mindset - About creating a financial vision for your business - About achieving financial fluency so you can interpret your financial data - How to recession-proof your business

    Episode 187: Are You Falling Behind on Your Retirement Savings?

    Play Episode Listen Later Oct 27, 2023 23:18


    As people get older and closer to retirement, they start to worry about whether they are ready and whether they can afford to retire. Do they have enough money set aside? How much is enough? That's why in this episode of the podcast I wanted to talk about how many people think they're behind, how much they think they need to retire, how to tell whether you really ARE behind, and how to catch up if you are. In this episode you will learn: - How many people think they're behind - How much people think they need to retire - How to find out if you are behind - Jow to get caught up if you are

    Episode 186: Financial Therapy with Wendy Wright

    Play Episode Listen Later Oct 13, 2023 47:28


    If someone is having emotional, mental, or social problems, you might send them to therapy. But what if they are having financial problems? Is there any such thing as financial therapy? Well according to Wendy Wright, a therapist and money coach, there is! That's why in this episode of the podcast I wanted to talk to her about what financial therapy is and how it can help people change their thinking about money, communicate it better with their spouse, and get out of debt. In this episode you will learn: - What financial therapy is - How it can improve your relationship with money - How to talk to you loved ones/partner about money - How financial therapy can help you stop the debt cycle - How to deal with sudden wealth

    Episode 185: Using Exchange Traded Funds in Your Retirement Savings

    Play Episode Listen Later Sep 21, 2023 24:54


    When it comes to retirement savings and investing, or any long term investing goal, there are many options for where to put your money. There are mutual funds, individual stocks, bonds, and the like. One option is something called Exchange-Traded Funds. These funds with the rather mysterious name can be a good option for investors. That's why in this episode of the podcast I wanted to talk about these funds, what they are, and whether you should consider them for your investment portfolio. In this episode you will learn about: - What ETFs Are - The different kinds of ETFs - How to buy them - Tax Implications - Factors to consider in choosing ETFs

    Episode 184: Your Business as a Franchise with Giuseppe Grammatico

    Play Episode Listen Later Sep 8, 2023 42:26


    According to the authors of the book The Millionaire Next Door, self-employed people make up less than 20 percent of the workers in America but account for two-thirds of the millionaires. So for those who want financial freedom on the millionaire level, being their own boss is something that should at least be looked into. But starting a business isn't easy, and most of them fail within the first 3 years. This has some people thinking about owning a franchise instead. That's why in this episode of the podcast I talk to Giuseppe Grammatico about the franchise model, and whether it's right for you. In this episode you will learn about: - The freedoms that come with business ownership - The secrets to starting (and scaling up) a lucrative side hustle - Why you should consider the franchise model for your business - The risks of owning a franchise

    Episode 183: Series I Bonds. Are They for You?

    Play Episode Listen Later Aug 25, 2023 23:00


    Treasury bonds can be a key part of your long term investment strategy. There's been a lot of talk about Series I bonds, which were created to protect you against inflation (something we've all been struggling with over the past couple of years). But are they still a smart choice in today's economy? In this episode of the podcast I wanted to talk about this classification of treasury bond, how it can help you in your portfolio, and whether now is a good time to buy them. In this episode you will learn: - What Series I Bonds Are - Whether They're a Good Investment - How to Buy I Bonds - Whether You Should Buy I Bonds - What the Risk Factors Are

    Episode 182: A Personal Finance News Update

    Play Episode Listen Later Aug 11, 2023 19:48


    Although student loans continue to be a hot topic in personal finance news, there are many interesting articles and tips out there that can help you on your path to financial freedom.  These include a new repayment plan for student loans, a better place to put your savings, tips on saving on wedding costs, and tips on making your children financially independent. Thant's why in this episode of the podcast I wanted to talk about these various news items, many of which are cause for optimism in the latter half of this year. I hope they can help you build your emergency fund, pay down your student loans, and make your child financially independent. In this episode you will learn: - Whether to Move Your Savings to a Money Market Account - Tips on Cutting Wedding Costs - How paying with cash helps you to forget "guilty pleasures" - Information on President Biden's new student loan plans - How to help yor child become financially independent

    Episode 181: Doing Your Mid-Year Financial Checkup

    Play Episode Listen Later Jul 28, 2023 25:43


    Your personal finances are never "set it and forget it." Even if you have set up a budget, have autopay on your bills, and a good retirement savings strategy, you still need to check in periodically to be sure that your financial ship is sailing in the right direction. That's why in this episode of the podcast I wanted to talk about how to do a mid-year checkup. You need to do this now (better yet every quarter) to make sure that your financial ship doesn't need a course correction. In this episode you will learn: - Why a Mid-Year Checkup is Important - The Importance of Tax Planning Now - How Reviewing Your Budget at the Halfway Point Helps - About Reviewing Your Net Worth

    Episode 180: Dealing with Financial Stress

    Play Episode Listen Later Jul 14, 2023 23:21


    With all that is going on in our economy, from inflation to worries about recession and the resumption of student loan payments, people are getting stressed out about their finances. Money woes and fears can really weigh on your mind. That's why in this episode of the podcast I wanted to talk about how that stress can affect your life, and what you can do to reduce it. You should also check out Episode 105 of the podcast where I talk about this with psychologist Dr. David Weiman. In this episode you will learn about: - The Effects of Financial Stress on Your Life - How to Identify the Cause of the Stress - How Getting Control of Your Finances Can Reduce Stress - Saving on Gas For Your Summer Road Trip

    Episode 179: Planning for the Resumption of Your Student Loan Payments

    Play Episode Listen Later Jun 23, 2023 24:28


    Everyone who has federal student loans is waiting breathlessly for the Supreme Court to rule on President Biden's federal student loan forgiveness program later this month. But no matter what the decision, the moratorium on payments will be coming to an end, and you will have to start paying on them again. That's why in this episode of the podcast I wanted to discuss what you need to do before the music starts up again to be sure that you are ready with an affordable repayment plan. What you do now will be critical to your financial freedom going forward. In this episode you will learn: A Way to Accelerate Your Repayment Period A Simple Way to Get Out of Default Options to Create Affordable Repayment Plans

    Episode 178: Creating a Budget for Retirement

    Play Episode Listen Later Jun 9, 2023 24:44


    Everyone looks forward to retirement, that time when they can relax and enjoy life, made possible by the fruits of their labor during their working lives. However, that retirement isn't going to last that long, or be that enjoyable, if you don't adjust your non-salaried income to your non-working expenses going forward. That's why in this episode of the podcast I talk about how to create a retirement budget to make sure that your golden years are solid, and not just plated. In this episode you will learn: - The Four Steps to Retirement Budgeting - The Things to Consider in Creating One - How to Align Adjustments with Your Personal Retirement Goals - Managing Your Spending

    Episode 177: Starting Your Own Business Empire with Soroya Garner

    Play Episode Listen Later May 26, 2023 43:05


    Episode 176: Tips for Buying a Home in 2023

    Play Episode Listen Later May 12, 2023 27:27


    As we approach the summer months, many people start thinking about shopping for a home. The weather is warmer, and it gives potential buyers an opportunity to see the whole home, both inside and out. But is it a good idea to buy a home in this real estate market? Would it be better to rent instead? That's why in this episode of the podcast I wanted to discuss the ins and outs of the process, along with tips on how to find the home of your dreams. In this episode you will learn: - How to make the decision to rent or buy - 9 Realtor's tips to homebuyers - 8 tips to homebuyers from a mortgage professional

    Episode 175: Finding the Right Place for Financial Freedom with Ryan Frederick

    Play Episode Listen Later Apr 28, 2023 47:58


    Where you live can have a significant effect on your financial freedom, whether it's during your working life or in retirement. It can influence cost of living, opportunities in your careeer, or resale value when you are ready to downsize. That's why in this episode of the podcast I talk to Ryan Frederick about how he sees where you live and how location, location, location means so much more to your financial well-being. In this episode you will learn: - How being in the wrong place can be isolating - How climate change could affect where you relocate to - How your location could increase or decrease cost of living and financial freedom

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