Negotiating compensation. Purchasing your first investment property. Helping your family with money. The highs and lows of entrepreneurship. New money leads to new problems that require new solutions. The NEW MONEY NEW PROBLEMS PODCAST tackles the financial topics our listeners are navigating for the first time, providing the expertise, interviews and resources for them to do so successfully.
#15 Key Financial Rule Changes from SECURE Act 2.0
The passage of SECURE Act 2.0 will see some radical changes to retirement savings, student loans and even allow employers to help employees establish an emergency fund.Read More
#16 Can You Roll a 529 Into A Roth IRA?
The passage of SECURE Act 2.0 has seen many news outlets writing articles stating that you can now roll unused 529 dollars into a Roth IRA. But how likely are you to actually benefit from this strategy?Read More
#17 Should I Contribute To My Child's 529 If I'm Behind In My Own Planning?
529 accounts can be wonderful tools ... if you're financially prepared to contribute to them. In this episode, we discuss various features of 529s, and how to determine whether they're the right tool for your children's education savings.Read More
#18 A Holiday Celebrating Free Money? How To Claim Your Unclaimed Property
Every February 1st, there's a little known holiday that raises the awareness of state websites dedicated to finding your lost money: Unclaimed Property Day!Read More
#19 How Do Taxes Actually Work?
There's often a lot of confusion when people hear tax terms thrown out like deductions, credits, Adjusted Gross Income and more. Join us for this 101 on taxes and how they impact you!Read More
#20 The Silicon Valley Bank Collapse + What It Means For You
Last week, we witnessed the 2nd and 3rd largest bank collapses in US history! Join us as we cover the details of Silicon Valley Bank's collapse and what it means for you!Read More
#21 Red Flags for an IRS Audit + 2022 Tax Changes
The 2022 Tax Year has a number of major changes that could radically alter the refunds you expect to receive ... or the amount you expect to pay in federal income taxes.Read More
#22 Should I File My Taxes Separate From My Spouse?
In this episode, we talk about some of the pros and cons of the married filing separately strategy, and give examples of scenarios where it might make financial and legal sense to file apart.Read More
NMNP Episode 28 Resources
S&P 500 Historical ReturnsS&P 500 Investment CalculatorRead More
#14 Tools (Besides Net Worth) To Measure Financial Progress | NEW MONEY NEW PROBLEMS PODCAST
Net worth is often touted as the key measure of financial progress. In this episode, we discuss other financial questions you can ask to make sure you're progressing financially year to year.Read More
#12 How To Set Money Goals That Stick | NEW MONEY NEW PROBLEMS PODCAST
The end of January often means the end of our well-intended attempts at keeping New Year's resolutions. Join us as we talk about how to set money resolutions that actually stick, and how to change your finances without changing who you areRead More
#13 Is Net Worth A Good Indicator of Wealth? | NEW MONEY NEW PROBLEMS PODCAST
For years, a person's net worth has been seen as THE indicator of budding wealth. But in today's economic landscape, is net worth the best way to gauge your financial progress? Join us to find out.Read More
#7 Optimizing Debts As You Build An Emergency Fund | NEW MONEY NEW PROBLEMS PODCAST
Whether it's increased expenses, mindless spending or more, high income earners can still find themselves in tight financial straits. Check out the episode for tips on how to optimize problematic debts as you pull yourself out of the holeRead More
#8 How Much Should You Keep In Your Emergency Fund? | NEW MONEY NEW PROBLEMS PODCAST
In the continuation on our series on savings, we discuss the factors that influence how much you should keep in your emergency fund!Read More
#9 What To Do With Your Money Other Than Saving It In Cash | NEW MONEY NEW PROBLEMS PODCAST
Keeping too much in cash can end up hurting you more than helping you financially. Tune into our new episode and hear how to evaluate different options for what to do with your money after meeting your emergency savings goals.Read More
#10 What Is A Brokerage Account? | NEW MONEY NEW PROBLEMS PODCAST
For most people, if they even invest in the stock market, they only do so through their employer's 401(k) or 403(b) plan. Join us as we cover the ins and outs of how to open your own nonqualified brokerage account!Read More
#11 My Wife's Money Story | NEW MONEY NEW PROBLEMS PODCAST
One of the most difficult things you can do in a marriage, is figure out how to best manage money together. Now that you know my money story, tune in for the story of the other person with whom I manage money: my wife!Read More
#6 Living Paycheck to Paycheck on $250,000+ | NEW MONEY NEW PROBLEMS PODCAST
Whether it's increased expenses or mindless spending, high income earners can still find themselves in a money crunch. Check out this episode for tips on how to pull yourself out of the hole and move towards a healthy financial foundation!Read More
#4 Brenton (and his parents') Money Story | NEW MONEY NEW PROBLEMS PODCAST
For our first #MyMoneyStory, I figured I would tell you ... MY money story! Well, really, my parents' story. And I invited them to join me, so you can hear all about who and what shaped the way I am with money.Read More
#5 What Does It Mean When You're "Behind" In Retirement Planning? | NEW MONEY NEW PROBLEMS PODCAST
In this episode, we'll tell you how many of the assumptions made by these the media about retirement planning are out of step with the way people live their lives, and why you should never be discouraged by how much (or little) you've savedRead More
#3: Breaking Financial Barriers w/Dr. Ted Klontz | NEW MONEY NEW PROBLEMS PODCAST
Join us for our first #AskTheExpert interview with Dr. Ted Klontz, author of Mind Over Money, who shares how to break out of financial comfort zones and recognize triggers to self-defeating money habits. EPISODE RESOURCESMind Over...Read More
#2: Money Disorders + How Childhood Affects Your Money Story | NEW MONEY NEW PROBLEMS PODCAST
Studies have shown that a significant portion of our thoughts about money are formed before we're 10 years old. Join us as we talk about common money disorders that impact high income-earners on their journey to wealth creation!Read More
Episode 1: Why New Money Leads To New Problems | NEW MONEY NEW PROBLEMS PODCAST
Join us for the premiere of the New Money New Problems Podcast! In this introductory episode, we'll share more about the why, the what and the how of this podcast.Read More
Should I Use Discount Points To Buy Down My Mortgage Rate?
In trying to avoid mortgage rate increases, potential homebuyers are looking for ways to save costs. Check out our post on the pros and cons of "buying down" your mortgage, and what you need to know when considering this move for yourself.Read More
What Is Umbrella Insurance?
Check out our post on umbrella insurance, a form of coverage that sits on top of your property and auto coverage to provide additional protection in instances of personal liability.Read More
What Is A Securities Backed Line Of Credit?
Tools like margin trading have become very popular, but they carry huge risks for uninformed investors. Join us as we explain margin trading, and a type of financing with more protections for investors: Securities Backed Lines of Credit.Read More
Should You Buy A House That Appraises Below The Offer Price?
In red-hot housing markets, it's not uncommon for buyers to offer above the asking price for a home. The home must then be appraised, and in some cases, it appraises for less than the offering price. This post covers what happens next ...Read More
How Do Adjustable Rate Mortgages Work?
As mortgage rates and home values skyrocket, potential buyers are looking for any option to make homeownership - at a reasonable price - a realistic possibility. One option they've increasingly turned to? Adjustable Rate Mortgages.Read More
How Do Restricted Stock Awards (RSAs) Work?
In the final post of our 5-part series on equity-based compensation, we cover Restricted Stock Awards! Check out our post to see how this awards work, their taxation, and using them to grow your wealth!Read More
How Do Employee Stock Ownership Plans (ESOPs) Work?
We've been analyzing various forms of equity compensation in our latest series. In part 4, we cover a transfer of ownership from owner to employees called Employee Stock Ownership Plans, or ESOPs!Read More
How Do Employee Stock Purchase Plans (ESPPs) Work?
Employee Stock Purchase Plans, or ESPPs, are a valuable benefit employers offer to employees hoping to buy company stock. As a part of our ongoing series on equity compensation, check out our post on the ins and outs of ESPPs!Read More
How Do Stock Options Work?
We're in the middle of our series on equity compensation. In Part 1 we covered Restricted Stock Units, or RSUs. Now, we dive into a form of compensation offered by private and public companies hoping to grow in value: Stock Options!Read More
How Do Restricted Stock Units (RSUs) Work?
As you progress in your corporate career, the compensation you're offered can change from pure cash, to equity in the company. Join us as we kick off our series on equity compensation with a post about Restricted Stock Units, or RSUs.Read More
What Is an Index Fund?
Index funds are one of the most popular tools for investors in search of low fees and simple strategy. Check out our post where we show you what they are and how they work!Read More
How To Automate Your Investments
Humans are prone to make errors, and one way we can try to reduce our tendency to err, is to leave some decisions up to computers. Let's check out how automating some of your investing decisions can work for you.Read More
How Much Should You Have In Your Emergency Fund?
It can be tough deciding how much you need in an emergency fund. Here are some tips to help.Read More
How To Pay Down Credit Card Debt
Three ways to pay down credit card debt, why they work, and how they'll impact your credit score.Read More
How To Calculate How Much Life Insurance You Need (Like A Financial Advisor)
Maybe you already know that life insurance is important. But how do you know how much you need? Let us show you how advisors calculate insurance needsRead More
Social Media Money Myths and How To Debunk Them
Forex Trading What's the problem with Tik Tok? Looms/SuSus Susu That's how things work if the Giving Circle is running smoothly It's important to note that unlike the Loom, a Giving Circle doesn't offer an opportunity to INCREASE your...Read More
What is An ETF? Exchange-Traded Funds 101
As apps like Robinhood and Acorns grow in popularity, investors are hearing the term ETF more frequently. So what are they and how do they work?Read More
What Is The Alternative Minimum Tax?
The Alternative Minimum Tax is an often-discussed but seldom-understood method of taxing high incom-earners. Today, we break down how AMT works!Read More
Why Black-Owned Banks Need Deposits
Black-owned banks are receiving attention in light of recent events highlighting racial disparities. So how do your deposits make a difference?Read More
How Credit Utilization Actually Affects Your Credit Score
Credit utilization is a huge part of credit scores. But many don't understand how credit card balances are actually reported. Today we tell you how!Read More
COVID-19, The CARES Act and Your Retirement Accounts
The CARES Act has a number of provisions allowing special access to retirement accounts for those impacted by COVID-19. Should you take advantage?Read More
COVID-19 And Your Finances
These are are crazy times in which we're living. Here are a few updates on the recent changes as it relates to coronavirus and your finances.Read More
Why Is My Credit Score Different Each Time I Check?
Why is your credit score so different with lending institutions compared to credit monitoring services you use to check your score? Read and find out.Read More
5 Ways Your Side Hustle Affects Your Finances
So you've found a way to bring in some extra cash. But do you know just how big an impact your side hustle can have on your finances?Read More
How To Pick A Credit Card
Confused by all of the different credit card offers out there? Check out a few questions to consider before applying for a new card.Read More
How to Get Out Of Student Loan Default
Check out our blog post on the dangers of defaulting on a student loan, and tips on how to recover for those whose loans are already defaulted!Read More
How Are Taxes Calculated?
Even if you're not a tax professional, it's a good idea to know the basics of federal taxes and how they affect your income.Read More
8 Ways to Save On Holiday Gifts
Holidays are supposed to be about family, but money can make it a stressful time as well. We hope these tips help you get back to what truly matters.Read More
How Three Accounts Could Help Lower Taxes, Protect Your Health, and Save For Retirement
Check out our post to see how three often overlooked employee benefit plans can help minimize taxes, protect your health, and save for retirement!Read More
How Company Benefits Impact Highly-Compensated Employees
Company benefits can be extensive, but often don't provide the same level of protection to highly-compensated employees. Check out our post to see a few ways high income-earners are impacted, and ways they can take advantage of their plansRead More
8 Steps To Take Before Buying Your First Rental Property
Buying rental property is a goal for many investors out there. Before you buy, check out our 8 steps to take before buying your first rental!Read More
9 Ways to Reduce College Costs
No one likes to pay too much money for school, but can you avoid it? Today we try to find out. Check out our blog on 9 ways to save on college costs!Read More
8 Ways To Reduce Childcare Costs
Is childcare destroying your budget? Check our latest post on 8 ways to manage or reduce the costs of your little one's care!Read More
5 Ways To Determine How Risky Your Investments Should Be [Risk Tolerance]
Join us as we discuss risk tolerance and how to decide whether or not certain investments have a place in your financial portfolio!Read More
What is PMI (Private Mortgage Insurance)?
PMI: many people have heard the term, but do you know how it can affect the home-buying process? Check out our post to find out!Read More
How Does the Doctor Loan Work?
Check out our guide to the doctor loan, a special type of mortgage lenders offer to physicians and dentists in search of a new home.Read More
What Do The Investments In My 401(k) Mean?
Join us as we break down what the investment options inside your 401(k) could mean for your retirement planning!Read More
How Do I Know If A Roth Is Right For Me?
Today we cover the Roth, how it compares to traditional retirement accounts, and how choosing between the two impacts your retirement income!Read More
Do I Need My Own Insurance If My Company Offers It? [Life Insurance]
Today we cover group life insurance! How it works, when it's appropriate, and how to understand whether or not it will cover your family's needs!Read More
How Do I Make Up For Lost Time In Retirement Planning?
Many older investors feel they've missed the boat in retirement planning and don't have enough time to catch up. Here are some tips to help them!Read More
Do I Need My Own Insurance If My Company Offers It? [Disability Insurance]
Confused during open enrollment at your job? In this post we cover how to determine if your work disability plan is sufficient to meet your needs.Read More
6 Costs New Homeowners Can Expect
6 costs new homeowners can prepare for when purchasing a home! From furnishings to homeowners insurance, tips on how to add them into your budget.Read More
How Do 401(k) Loans Work?
Join us as we cover the basics of 401(k) loans! Details on how they work, repayment terms, and whether they're a suitable option for borrowers.Read More
10 Places Savings are Hiding in Your Budget
Check out 10 areas of your finances where reviewing expenses could lead to significant savings!Read More
How To Protect Your Finances While Driving for Uber and Lyft
Check out our blog on steps you should take to protect your car and your finances when driving for Uber or Lyft!Read More
8 Questions To Ask Before Buying A Home
Before making an offer on a home, ask yourself a few key questions to ensure you're prepared for what might be the biggest investment of your life.Read More
Six Tips to Pay Off Your Mortgage Faster
In this post we cover tools and tips to potentially pay off your home faster, eliminate PMI and more!Read More
Does It Ever Make Sense To Lease A Car?
In this blog post we discuss different scenarios where leasing a car might be an appropriate solution. If you're on the fence, read on see our take!Read More
How Does Term Life Insurance Work?
In this post we cover how term life insurance works, what to do if it expires, and how to determine whether or not it's right for you!Read More
What Happens To My 401(k) When I Leave My Job?
Have you left a job and don't know what to do with your old 401(k)? Today we cover the three options available to you. Enjoy!Read More
How Do I Find How Much Life Insurance I Need?
How do you find how much life insurance you need? In this article we share tips for determining how much coverage is enough to protect your family.Read More
How Automation Helps Your Finances
The financial world is full of complex terms and principles. Here are some ways that you can use automation to help build wealth, even when you're not an expert.Read More
What's the Best Way to Save for My Kids' College?
College costs are rising at alarming rates. Here are some tools available to parents who want to start saving for their children's future.Read More
How Does the Public Service Loan Forgiveness Program Work?
The Public Service Loan Forgiveness is a program offering loan forgiveness for borrowers who meet certain service requirements. Here, we cover the ins and outs of the program and how you can qualify.Read More
10 Spring Cleaning Financial Tips
It's springtime: the weather is nicer, you've started gardening and put together a todo-list for items around the house. But what about your finances?Read More
Changes On The Credit Score Horizon
While we've been covering the ins and outs of credit, there is a relatively new method of calculating credit that is gaining in popularity: VantageScore. In this post, we cover some of the differences between FICO and VantageScores.Read More
How Is My FICO Score Calculated?
Check out this breakdown of the percentages used to calculate FICO credit scores, and how you can use this knowledge to build and improve your credit!Read More
Correcting Errors On Your Credit Report: Recap
In this post we cover topics such as how to correct errors on your credit, when you're entitled to free credit reports, and how long bankruptcies, negative transactions and civil judgments affect your credit report.Read More
Strategies to Increase Credit Scores and Decrease Debt
In this blog, we give our insights into common financial strategies such as credit card surfing, debt snowballs, and personal loans.Read More
Seven Financial NoNos
Everyone tells you the things you should do when building a financial future. But what about the things we should avoid?Read More