Nick Maggiulli, author of "Just Keep Buying", shares what you can do after maxing out your Roth IRA.
We also discuss the importance of understanding when a 401k plan at work is worth it or not.
Also, David Freed from Minnesota shares how he and his wife achieved Coast FIRE at 30 years old with $500,000 invested!
Personal Capital: Get access to FREE financial tools that help you invest more efficiently and build wealth for your family.
GUEST BIO - Nick Maggiulli:
Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights on business intelligence.
He is also the author of OfDollarsAndData.com, a blog focused on the intersection of data and personal finance. His work has been featured in The Wall Street Journal, CNBC, and The Los Angeles Times.
Nick graduated from Stanford University with a degree in Economics and currently resides in New York City.
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SHOW INFORMATION: Marriage Kids and Money
Marriage Kids and Money is dedicated to helping young families build wealth and happiness. This award-winning platform helps couples and parents achieve financial independence and discover the true meaning of wealth.
To achieve these big goals, we answer questions and interview experts who uncover smart net worth building habits and tools that can help everyone find their own version of financial independence.
Learn more at https://www.marriagekidsandmoney.com
HOST BIO: Andy Hill
Andy Hill is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness.
Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.
When he's not "talking money", Andy enjoys watching his kids play soccer, singing karaoke with his wife and watching Marvel movies.
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products.
Opinions are the creators alone.
Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
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Podcast Artwork: Liz Theresa
Editor: Podcast Doctors
According to the American Psychological Association, 40-50% of marriages in the United States end in divorce.
With a statistic like that, one might wonder if a prenup (prenuptial agreement) is a smart move.
Nicole and I discuss if we should have gotten a prenup when we got married, if we would now, how second marriages would play out and if we'd recommend one to our daughter as she grows older.
What are your thoughts on prenups?
Facebook Group: https://www.marriagekidsandmoney.com/Community
Employers are implementing their "return to work" strategies and employees are bracing for the change.
Nicole and I discuss how this change will affect her work-life and the pros and cons of working from home.
What are your thoughts on the return to work news?
In the last year, we spent $75,000 of our savings on cars, trips, house upgrades, and much more. Now, there's no money left!
After this spending spree (including what we received from the Stimulus Checks), will we be able to enjoy our lives without expecting more?
Nicole and I explore this lifestyle inflation conundrum and discuss how others may be feeling this way coming out of the pandemic.
It's the age-old question ... Can money buy happiness?
Joe Saul-Sehy, Host of the Award-Winning Stacking Benjamins Podcast, joins us to help answer this question.
There may not be a right answer, but the three of us explore it anyway.
What do you think?
Stacking Benjamins Podcast: https://www.stackingbenjamins.com/ Voicemail: http://www.marriagekidsandmoney.com/voicemail Instagram: http://www.instagram.com/andyhillmkm
Author Jennifer Barrett wants women to earn more and worry less.
As our nation grows with more and more female breadwinners, Jennifer is on a mission to ensure women are creating the most successful future possible.
In our interview, she shares helpful tips for women who want to make more, invest more, and have the freedom to make the decisions that work best for them and their families.
Personal Capital (Sponsor): HTTP://www.personalcapital.com/mkm
Think Like a Breadwinner (Book): https://amzn.to/3t4AM5Q
Jennifer Barrett (Website): https://www.jenniferbarrett.com/
Some folks say keeping score in relationships is a bad idea. We disagree.
Nicole and I discuss how keeping score in our marriage helps us keep our sanity and helps each other feel loved.
We discuss how this scorekeeping has changed throughout our marriage and why it may be a helpful relationship tactic for other couples.
5 Love Languages (Book): https://amzn.to/2PTkluF
Have you heard of The One Thing, but don't know what it is?
Geoff Woods, the host of The One Thing Podcast, shares how we can conquer our goals and have more time dedicated to the people and things we love.
We can do this by answering one simple question.
Find out what it is today!
The One Thing (Book): https://amzn.to/3lsudY1
The One Thing (Website): https://the1thing.com
ABOUT GEOFF WOODS
Geoff Woods is the Co-Founder and President of ProduKtive, the company behind The ONE Thing and the host of The ONE Thing podcast which is in the top 5% of all podcasts in the world.
After hearing the Jim Rohn quote that "you are the average of the 5 people you spend the most time with" Geoff set out on a mission to surround himself with high-level CEOs and successful entrepreneurs.
Fast forward, Geoff went from employee to entrepreneur, launching a company with the co-authors of the best-selling book The ONE Thing.
Geoff has been featured in Entrepreneur.com and is on a mission to help people better invest their time and achieve extraordinary results.
Wendy Hill Manson wanted a side hustle to make some extra money to help her boys pay for college. She decided to take the plunge into Airbnb.
A few years later, she's now an Airbnb Superhost with 4 rental units and ready to expand.
Last year, she made over $100,000 with Airbnb!
Wendy shares how she got started, the mistakes she made along the way, and how Airbnb is helping her ease into retirement.
Is it more important to increase your income or decrease your expenses?
Which lever is more important to pull on your financial journey?
Nicole throws a curveball at Andy and tells him he can't choose both. Boo!
They discuss the decisions they've made in their marriage regarding increasing income and decreasing expenses.
Given the power of both options, what do you think is the right answer?
They'd love to hear from you through voicemail at MarriageKidsandMoney.com/Voicemail or on Instagram at Instragram.com/andyhillmkm
Do you feel talking about money is taboo?
Nicole and I dive into how sensitive it is to talk about money in our culture and in our relationship.
We discuss ways that this awkwardness has made its way into our marriage and takeaways for other couples who are wondering how to handle the taboo topic of money.
Want to give us feedback or ideas for future episodes?
Contact us on social @AndyHillMKM or leave a voicemail at marriagekidsandmoney.com/voicemail
Some people feel that budgets can be restricting or they reinforce a scarcity mindset.
While others get a sense of freedom and control with their budget.
So what's the right answer?
Jesse Mecham, Founder of You Need a Budget (YNAB), joins me to discuss this debate and how people can find their individual path with budgeting.
Why are index funds so popular?
Paula Pant from Afford Anything joins me to answer a listener question about this investment option and shares why they are superior.
Shandon Fowler, VP of Marketing, from Starship HSA also joins us this week to weigh in on the "HSA vs. 401k" debate.
Last but not least, my daughter Zoey reads the review of the month and we talk about virtual school, hybrid school and what it's like to wear a mask for 3 hours at school.
Have you heard of "work-life integration" when it comes to your family?
Author Mark Timm shares why this methodology is much better for families than chasing the elusive "work-life balance".
As a father of 6 children and a serial entrepreneur, Mark knows the challenges that come with managing a business and being a family man.
By implementing a true family first approach, Mark's path of work-life integration has made him a happier man and his family is happier as well.
Mark shares simple steps we can all take to gain work-life integration into our lives and leave the idea of work-life balance behind.
Do you want to achieve financial independence? Author of The Simple Path to Wealth, JL Collins, shares how we can all work to achieve financial independence through index fund investing. We review how to start your journey to financial independence, where to invest your money and why index funds are a better investment choice.
Scott Rieckens and his wife Taylor are pursuing financial independence. They are working on finding the right savings rate for their family. And it's not that easy.
Meg wants to know if she can have two 529 plans for her kids. I discuss how grandparents can help with the college plans for their grandkids with Farran Powell from US News and World Report.
It's home buying season! Here are 5 smart strategies to avoid becoming house rich and cash poor in this crazy seller's market.
David Greene, Co-Host of the BiggerPockets Podcast and the Author of BRRRR: Buy, Rehab, Rent, Refinance, Repeat, shares why BRRRR is the hottest strategy for real estate investing today.
At 30, Grant Sabatier became a millionaire and achieved financial independence. On the show today, he's sharing how he did it and how we can too. It all starts with making more money.
Mark Bovair and Andy Hill discuss fatherhood, work and why we still need to have an identity outside of "parent" and "full-time worker". This candid chat explores topics like minimalism, pursuing your passions and what being a "good role model" means as a parent.
Author Elle Martinez joins me to discuss how to craft the perfect money date with your spouse. We dive into marriage, money and navigating the difficult times in our relationships.
Last month at a dinner in Dallas, I met Jeremy Hallett who is the founder of Quotacy. We chatted about his new company being a hassle-free resource for life insurance. He let me know that their big goal is to protect 1,000,000 families by getting them set up with affordable term life insurance. Evidently, there … Continue reading "58 | Protect Your Family With Hassle-Free Term Life Insurance"
The post 58 | Protect Your Family With Hassle-Free Term Life Insurance appeared first on Marriage, Kids and Money.
During late 2013 while I was traveling out-of-town for work, my wife Nicole found our “forever house”. This home had everything she was looking for including an attached garage, open floor plan, updated kitchen, walk-in closet and a big backyard on a half-acre lot. She told me that this was THE ONE and as soon as I … Continue reading "15-Year Mortgage Paid Off in 5 Years"