Welcome to mid-October, where sadly it’s still feeling quite summer like here in NYC. Maybe by December it will be in the 50s…
Our first call this week is about whether or not it makes sense to purchase a new home with cash or to take out a mortgage. As you’ll hear, the call morphs into more of an overall retirement planning discussion.
A record-breaking 4.3 million workers quit their jobs in August, the highest number ever recorded. People from all across the pay spectrum resigned, some because of low pay, others from burnout and the desire for a better work-life balance. That’s pretty much the gist of our call in hour two.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
41 and 35 and wondering if we’re doing the right things to ensure a solid retirement down the road. That’s how we kick off the latest Jill on Money show.
Next up is a caller wondering if they should take advantage of the hot real estate market and sell their rental property and invest the proceeds.
In hour two we welcome Stacey Vanek Smith, NPR host of The Indicator and correspondent for Planet Money, who joined us to discuss her recently released book, Machiavelli for Women: Defend Your Worth, Grow Your Ambition, and Win the Workplace.
Women have been making strides towards equality for decades, or so we’re often told. They’ve been increasingly entering male-dominated areas of the workforce and consistently surpassing their male peers in grades, university attendance, and degrees. They’ve recently stormed the political arena with a vengeance.
But despite all of this, the payoff is, quite literally. not there: the gender pay gap has held steady at about 20% since 2000. And the number of female CEOs for Fortune 500 companies has actually been declining.
So why, in the age of #MeToo and #TimesUp, is the glass ceiling still holding strong? And how can we shatter it for once and for all? Stacy Vanek Smith’s advice: ask Machiavelli “with this delicious look at what we have to gain by examining our relationship to power.”
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
My husband is 53 and I’m 49, can we retire in four years and start traveling? That’s how we start the latest episode of Jill on Money! I mean, after the last crazy stretch, who doesn’t want to daydream about some travel?
Our second conversation in hour one concerns extra cash flow. After paying off a boat load of student loans, what should you be doing with all the extra money?
We kick off hour two talking about the crazy housing market with Ryan from Los Angeles who’s looking to make the jump cross country to Florida.
For our final chat of the show, we do some financial planning for a couple about to tie the knot.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
One week away from Memorial Day weekend. Hard to believe, right?
Speaking of time passing by, getting to retirement can often seem like it’ll take forever. But once you’re there, many questions can often pop up, such as whether or not it makes sense to start doing Roth conversions or which retirement accounts to tap first. That’s the gist of our call in hour one.
In hour two it’s time for a deep dive on the spring housing market.
Joining us this weekend is Maria Fregosi, the Chief Investment Officer at Homepoint Financial.
Where is the housing market going next? Despite the fact that we are coming to the end of the pandemic with accelerated vaccinations, many companies have announced that employees working from home may continue to do so permanently.
That may allow some to seek out more affordable areas like Austin, Charlotte, Miami, and Nashville.
Some smaller cities have launched cash initiatives, home buying allowances, tax credits and money toward local goods and services to induce pandemic movers to relocate there.
If you are in the market to buy, you will need to run the basic numbers, including mortgage principal and interest, homeowners' insurance, and taxes. Add a line item for upkeep and maintenance, depending on the age of the house and its condition, factor in 1-3 percent of the purchase price annually.
And for the transaction itself, don’t forget about closing costs, which averaged more than $6,000 last year. It’s easy to gloss over things like mortgage loan application and appraisal fees, the title search and insurance, as well as legal and recording fees, because they seem to be built into the legal process, but you should ask for discounts along the way to see if you can push them down.
Finally, even if the numbers appear to work, consider whether buying could preclude you from addressing other important financial issues in your life, like paying down student loans or saving for retirement. Just because a lender will fork over the dough, doesn't mean you should take it.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Spring is officially here!
And with it comes a beaming light at the end of a long, dark tunnel. Thank goodness!
That said, let’s not forget about all those who’ve been impacted by the pandemic, even though some are certainly doing better than others, as you’ll hear with our caller and emails.
In hour two we’re once again joined by Brent Weiss, co-founder and Head of Planning at Facet Wealth, the Jill on Money sponsor for 2021.
Spring can only mean one thing, peak season for the real estate market.
Brent joined us to talk about all the things that go into making a home purchase, as well as credit scores, which play a huge factor in determining what kind of interest rate you get.
As a reminder, if you’re interested, Facet Wealth is a financial service firm that believes in achieving your financial goals with a dedicated CFP® at an affordable price.
Whether it’s retirement planning, education planning, asset management, insurance or estate planning, Facet wants to show you what is possible with the next generation of financial life management.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Semi-retired and looking to buy a new house. The big question is whether or not to take out a mortgage or pay cash? That’s the gist of our call this week as we chat with Ryan from Seattle.
The rest of hour one was trying to clean out the inbox. Haha, yeah right. We’ve got thousands of emails, and all I can say folks is that we’re doing the best we can.
What could be more basic than preparing your taxes? After a tumultuous 2020, tax season is officially open, a few weeks later than years in the past. The deadline to file and pay any tax owed reverts to April 15th, after last year’s COVID-19 related extension.
By now, you should have received most of your tax preparation documents (W-2s, 1099s, as well as bank, investment, mutual fund and mortgage company documents).
If you didn’t learn the lesson of electronic filing last year, this is the year to dump the paper. After all, those who had electronic files with the IRS got those stimulus checks faster than those who had to wait weeks and sometimes months for their money.
Additionally, be sure to choose direct deposit, which is “the safest, most accurate and fastest way to get a refund,” according to the IRS.
Because of all the various changes that went into effect last year as the pandemic unfolded, this tax season could be a tricky one.
To help us break it down, we're joined by the one and only Ed Slott, the ultimate tax guru and founder of IRA Help.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Just like last week, no guest in hour two this week. A few segments of calls and a few segments of answering emails. The old school approach continues for at least another week :) Reminds me of when we started this little adventure back in 2011!
First up is Jason from DC who’s wondering if he can afford to make a career change, as well as mix in a bit of international travel, all during a pandemic.
Then we chatted with Tony from Buffalo who had a few mortgage/real estate related questions as he and his wife plan out their future dream home.
Nothing like helping settle a friendly, sisterly debate about who’s right when it comes to using a Roth IRA. One sister says yes, Roth all the way! The other says not so fast, I think pre-tax is the way to go. Is there a winner?
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Are you guys ready??? For the first time in a long time, we have our first caller on the radio show.
It’s Jess from Florida who’s wondering what he should be doing with some extra cash flow. Another important piece of info is that Jess jumped out of the market back in January and is still sitting on the sidelines.
When you combine near-historic low mortgage rates and fewer homes for sale, you’ve got bidding wars that are driving the housing market during the pandemic.
To talk about the home buying process, we’re bringing back a pre-pandemic interview with Nicole Hamilton, author of Avoid the Money Pit, Turn Your Home into a Financial Powerhouse, and the founder of Homeownering.com, a company that provides unbiased, independent information for homeowners to get the best financial outcome possible.
We touched on a variety of topics and questions facing the average consumer as they try to navigate the murky waters of homeownership.
Have a money question? Email me here.
"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Yes, this is still here, and it will be for a while to serve as a reminder that there's a new place for Jill on Money content - YouTube! Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious. So don't freak out. Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place. Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Imagine this...you're in your 30s and a parent and grandparent just recently passed away. One is bad enough, but two losses seems unbearable. Now imagine that in the mourning process, you inherit over two million dollars! That's what happened to Jessica, our first caller this week. And as if she needs more to juggle, you can throw in the fact that Jessica is pregnant with her second child and she and her husband are selling their house and getting ready to move to another state. It's a ton to process, hence the call to us. Thankfully, Jessica has a good head on her shoulders.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Ask some Wall Street veterans where they were on October 19, 1987 and they will likely regale you with details of any crisis. My life changed that day in ways that often creep up on me. Indeed, Black Monday was the single worst day in Wall Street history, with the Dow Jones Industrial Average plunging by more than 22 percent in one session--that’s the equivalent of the blue chip index diving by more than 5,000 points today.
It was a “First Class Catastrophe”, according to our first class guest and storyteller supreme, Diana Henriques, who dropped by the studio to help us retrace the events that led up to that day.
Diana joined us on the show earlier this year when her book, The Wizard of Lies: Bernie Madoff and the Death of Trust, was made into an HBO movie. This time around Diana is joining us to discuss her latest book, A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History. As Diana recounts, Black Monday was more than seven years in the making and threatened nearly every U.S. financial institution.
There were missed opportunities, market delusions, and destructive actions that stretched from the “silver crisis” of 1980 to turf battles in Washington and a rivalry between the New York Stock Exchange and the Chicago Mercantile Exchange.
Here’s the crazy thing...you’d think that after Black Monday, lessons would be learned. But in her analysis, Henriques demonstrates how that Monday in the fall of 1987 was the predicate to the financial crisis of 2008. Sadly, investors, regulators, and bankers failed to heed the lessons of 1987, even as the same patterns resurfaced.
This was a fascinating interview for me because I lived through this period. I had just started my career on Wall Street, as the chaos was unfolding. I watched firsthand as my father nearly lost his business. This chat was like going down memory lane and it’ll give you guys a good glimpse of the life I used to live before I started hosting podcasts and radio shows!
Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:
- Call 855-411-JILL and we'll schedule time to get you on the show LIVE
- Send an email: askjill@jillonmoney.com
- Tweet us: @jillonmoney and @MTalercio
Ask some Wall Street veterans where they were on October 19, 1987 and they will likely regale you with details of any crisis. My life changed that day in ways that often creep up on me. Indeed, Black Monday was the single worst day in Wall Street history, with the Dow Jones Industrial Average plunging by more than 22 percent in one session--that’s the equivalent of the blue chip index diving by more than 5,000 points today.
It was a “First Class Catastrophe”, according to our first class guest and storyteller supreme, Diana Henriques, who dropped by the studio to help us retrace the events that led up to that day.
Diana joined us on the podcast earlier this year when her book, The Wizard of Lies: Bernie Madoff and the Death of Trust, was made into an HBO movie. This time around Diana is joining us to discuss her latest book, A First-Class Catastrophe: The Road to Black Monday, the Worst Day in Wall Street History. As Diana recounts, Black Monday was more than seven years in the making and threatened nearly every U.S. financial institution.
There were missed opportunities, market delusions, and destructive actions that stretched from the “silver crisis” of 1980 to turf battles in Washington and a rivalry between the New York Stock Exchange and the Chicago Mercantile Exchange.
Here’s the crazy thing...you’d think that after Black Monday, lessons would be learned. But in her analysis, Henriques demonstrates how that Monday in the fall of 1987 was the predicate to the financial crisis of 2008. Sadly, investors, regulators, and bankers failed to heed the lessons of 1987, even as the same patterns resurfaced.
This was a fascinating interview for me because I lived through this period. I had just started my career on Wall Street, as the chaos was unfolding. I watched firsthand as my father nearly lost his business. This chat was like going down memory lane and it’ll give you guys a good glimpse of the life I used to live before I started hosting podcasts and radio shows!
“Better Off” is sponsored by Betterment.
Have a finance related question? Email us here or call 855-411-JILL.
We love feedback so please subscribe and leave us a rating or review in iTunes!
Connect with me at these places for all my content:
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http://www.stitcher.com/podcast/jill-...
https://itunes.apple.com/us/podcast/b...
"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.
Yes, this is still here, and it will be for a while to serve as a reminder that there's a new place for Jill on Money content - YouTube! Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious. So don't freak out. Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place. Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Maybe I'm stating the obvious here, but life doesn't always unfold the way we want or think it will. Things come up, and more often than not it's health related, just like with our first caller this week, Daniel from Atlanta. Daniel, a federal employee, was rolling right along until he was diagnosed with Parkinson's and eventually had to retire. Now he's tasked with making his money last a lot longer than he was anticipating and wants to make sure his asset allocation is in good shape. Here's a tease: it wasn't!
CLICK HERE FOR LATEST SHOW ON YOUTUBE
We recently covered why Wall Street matters, on the show featuring Bill Cohan.
In hour two we’re doing a 180 with financial journalist and author Rana Foroohar. Rana’s book, "Maker and Takers: How Wall Street Destroyed Main Street", doesn’t exactly paint our economic system in the best light.
Rana explores how the misguided financial practices and philosophies that nearly toppled the global financial system have infiltrated many US businesses and discusses how the “financialization of America,” the trend by which finance and its way of thinking have come to reign supreme, is perpetuating Wall Street’s reign over Main Street. The ultimate result? A widening of the gap between rich and poor, which Rana argues, threatens the future of the American Dream. It's not all doom and gloom, because Rana lays out how we can reverse these trends and find a better path forward.
And since it’s not everyday that we have a Financial Times columnist in the studio, we also talked a good bit about the global economy, including Germany, Brexit, and China.
Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:
- Call 855-411-JILL and we'll schedule time to get you on the show LIVE
- Send an email: askjill@jillonmoney.com
- Tweet us: @jillonmoney and @MTalercio
Yes, this is still here, and it will be for a while longer to serve as a reminder that there's a new place for Jill on Money content - YouTube! Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious. So don't freak out. Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place. Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
What happens when you're in your 40s, not a millionaire, and already retired? Well, you start to wonder if you retired too early, and that's exactly the case with our first caller this week, Lisa, from Michigan. A retired cop, Lisa didn't really start socking away money until she was in her 30s...but let me tell you, she must've been cranking the past few years, because she's actually in pretty good shape. Will she ever have to work another day in her life? You'll have to tune in for the verdict!
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Hour two this week is an example of my geekiness.
I love math and statistics...but I am nothing compared to the brilliant Cathy O’Neil. I have been a fan girl of Cathy’s since discovering her blog, mathbabe.org and then hearing her on the Slate Money podcast. Cathy, whose New York Times bestselling book Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy is now out in paperback, is the ultimate math geek, but more importantly, she is one of the most thoughtful intellectuals that I have encountered.
Cathy’s resume is impressive: a Ph.D. in math from Harvard, a postdoc at the MIT math department, a professor at Barnard College, where she published a number of research papers in arithmetic algebraic geometry and then a short-lived stint on Wall Street, before she launched her consulting firm, ORCAA.
When I heard Cathy explain complicated topics and then read the hardcover edition of the book last year, I knew we had to have her on the show. It’s such a fascinating read about how big data can be manipulated, infiltrate various parts of our lives and magnify the underlying inequality that exists in our economy. From how teachers are measured to how policing strategies are developed to credit scores and health insurance...it’s going to blow your mind when you hear how algorithms (mathematical models), dictate so much of our day-to-day experiences.
But what happens when these models are opaque, unregulated and incontestable? Unfortunately, the already unlucky and struggling among us, get the short end of the stick. What can individuals do about these unproven mathematical equations? As you’ll hear Cathy explain, it starts by asking some basic questions.
Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:
- Call 855-411-JILL and we'll schedule time to get you on the show LIVE
- Send an email: askjill@jillonmoney.com
- Tweet us: @jillonmoney and @MTalercio
So often on this podcast, and on my radio show, we field questions from recent grads with insane amounts of student loan debt. Sometimes it’s enough debt to wreck a life.
There’s enough blame to go around, but so often it’s a case of students feeling the pressure to go to fancy, high priced colleges to study what seems like an obscure major. But before you think that I am about to argue that every able-bodied student should be studying for a degree in a STEM (science, technology, engineering, mathematics) field, read on...
Let me pose a question. What is wrong with a well-rounded liberal arts degree? A degree, which I might add, can be earned at countless reasonably priced colleges.
George Anders, our guest this week on Better Off makes a strong case in his recently released book, You Can Do Anything: The Surprising Power of a "Useless" Liberal Arts Education.
You don’t have to be a rocket scientist or know how to write computer code to succeed in today’s work environment.
When you really think about it, it’s amazing how many doors a so called “useless” liberal arts education can open.
As George says, you can be yourself, as an English major, and thrive in sales. You can segue from anthropology into the booming new field of user research; from classics into management consulting, and from philosophy into high-stakes investing. At any stage of your career, you can bring a humanist’s grace to the rapidly evolving high-tech future.
If you’ve got kids starting the college application process, who are resisting calls to declare a STEM major or if you’re thinking about furthering your education by going to grad school, listen to this episode before making any decisions.
“Better Off” is sponsored by Betterment.
Have a finance related question? Email us here or call 855-411-JILL.
We love feedback so please subscribe and leave us a rating or review in iTunes!
Connect with me at these places for all my content:
https://twitter.com/jillonmoney
https://www.facebook.com/JillonMoney
https://www.instagram.com/jillonmoney/
https://www.linkedin.com/in/jillonmoney/
http://www.stitcher.com/podcast/jill-...
https://itunes.apple.com/us/podcast/b...
"Better Off" theme music is by Joel Goodman, www.joelgoodman.com.
Yes, this is still here, and it will be for a while longer to serve as a reminder that there's a new place for Jill on Money content - YouTube! Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious. So don't freak out. Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place. Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Sept 30 Download Hour One Here
I love when we get calls from young people who have their financial lives in order. We started the show with James from Philadelphia who definitely falls into that category. He and his wife are expecting their second child and they're also looking for a new house. It's a lot of stuff happening at once and sometimes it can freak people out. James just needed some reassurance and guidance, which was easy to provide because he and his wife are doing a great job!
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Sept 30 Download Hour Two Here
One of the goals of this program is to make the daunting seem doable. And there is no more daunting topic than college. From saving for it, selecting the right one and the heavy lifting of paying for it (whether out of pocket or through financial aid and student loans), the whole subject produces anxiety for students and their families.
But it doesn’t have to be that way, according to our guest Kelly Peeler, founder and CEO of NextGenVest, a free text message service to help students navigate the college selection and financial aid and student loan processes.
It’s the busy time of year for Kelly and her team, as October 1 marks the official start of FAFSA season. And that one single form is KEY. Can you believe that more than $2.7 billion dollars, yes billion with a B, of unclaimed financial aid money is left on the table every single year primarily because people don’t fill out the FAFSA form. That blows my mind.
By using NextGenVest, students and their families are connected with Money Mentors who will help coach them through the process and also provide key financial aid deadline reminders, form annotations, and on-demand help via text message to get more financial aid in high school and beyond. Mentors will also answer questions such as:
- How do I find scholarships I can actually apply to?
- Am I filling out the right FAFSA forms?
- Am I allowed to negotiate my college tuition?
- Is working during college a good idea?
- Can I still get scholarships even if I don’t have great grades?
Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:
- Call 855-411-JILL and we'll schedule time to get you on the show LIVE
- Send an email: askjill@jillonmoney.com
- Tweet us: @jillonmoney and @MTalercio
Yes, this is still here, and it will be for a while longer to serve as a reminder that there's a new place for Jill on Money content - YouTube! Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious. So don't freak out. Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place. Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Sept 23 Download Hour One Here
How would you feel if you had a windfall of nearly a million dollars? Pretty darn good, right? That's what happened to Chris from Arizona. But when you come into such a large chunk of change there are plenty of other things one must consider. Namely taxes. Uncle Sam always wants his cut, and more times than not, it's unavoidable. But there are some ways in which the tax hit can be minimized and that's why Chris was calling. He wants to keep as much of the windfall as possible for himself...can't say I blame him!
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Sept 23 Download Hour Two Here
In light of the recent Equifax data breach we thought it was as good a time as ever to run a recent interview I did with identity theft expert Adam Levin, whose book Swiped: How to Protect Yourself in a World Full of Scammers, Phishers, and Identity Thieves, recently came out in paperback. We conducted the interview BEFORE Equifax, which is why we don't discuss it.
Adam is a consumer advocate with more than 30 years of experience and is a nationally recognized expert on security, privacy, identity theft, fraud, and personal finance. A former Director of the New Jersey Division of Consumer Affairs, Levin is Chairman and founder of IDT911 (IDentity Theft 911) and co-founder of Credit.com.
According to Adam, it’s best to assume the worst and learn how to protect your personal information, because creative and determined hackers are working hard to piece together snippets of information from a variety of sources in order to re-create your profile and use it to perpetrate fraud.
You need to guard your information, including Social Security Numbers, phone numbers, email and physical addresses, credit reports, medical records because thieves are trying to create a well-rounded dossier on who you are. But as you'll hear, there are steps that can be taken to minimize the damage.
This is scary stuff but I also think it's essential listening. Like Adam says, it's when, not if, you will become a victim...a fact we have learned all too well with the Equifax data breach.
Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:
- Call 855-411-JILL and we'll schedule time to get you on the show LIVE
- Send an email: askjill@jillonmoney.com
- Tweet us: @jillonmoney and @MTalercio
Yes, this is still here, and it will be for a while longer to serve as a reminder that there's a new place for Jill on Money content - YouTube! Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious. So don't freak out. Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place. Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Sept 16 Download Hour One Here
Before we jumped into your questions, I had to first talk about the massive Equifax data breach -- nearly half of the country was impacted! How do you find out if you're one of the unlucky ones? If you were, what steps should you be taking? Check out my recent blog post. It has all the necessary information. If you're more of a visual person, I did a recent segment on CBS This Morning where I also outlined all the necessary steps.
Okay, on to the show and your questions...
Is there such a thing as saving too much money? That's how we started the show with Dave in Arizona, who has done an amazing job of saving for retirement...he's got over two million bucks! But he's now starting to realize that the money hasn't been taxed and he's going to have to pay Uncle Sam when his RMDs kick in down the road. Or is he?? You'll have to listen for the answer...
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Sept 16 Download Hour Two Here
Since it's September and back-to-school time we thought it was a good time to talk financial literacy.
You will often hear me say that before you worry about the financial future of your kids, you need to make sure you’re taking care of yourself first. But that doesn’t take you off the hook for discussing money with your kids.
Think of it as another one of the "talks"…so now in addition to the sex talk, the drug and alcohol talk, we can add the money talk. All of these conversations must occur at every stage of your child’s development, with age-appropriate messaging that the kids can absorb.
To help with your effort, this week we’re talking to Beth Kobliner, author of Make Your Kid A Money Genius (Even If You’re Not): A Parents’ Guide for Kids 3 to 23. Okay, okay, full disclosure, she’s also a friend of mine.
But that’s not why Beth is on the show. She’s on because it’s an important topic. I know there are a lot of you out there with kids or thinking about starting a family, wondering how to have such conversations:
- How much debt should we take on for college?
- Should I give my teen a debit or credit card?
- Should I give my child an allowance?
- My kid wants to move back home…should I charge rent?
Those are just some examples and there’s plenty more in the book. Whether you’re a rookie in the parenting game or a veteran, this book will help. As Beth says, “Think of it as a guide for parents that offers the financial facts of life for kids 3 to 23.”
And FYI, Beth is the real deal. In 2010, she was selected by President Obama to be a member of the President’s Advisory Council on Financial Capability, where she created MoneyAsYouGrow.org. The site attracted more than 1.4 million visitors and was adopted by the Consumer Financial Protection Bureau in 2016.
So whether you have kids, are planning on doing so in the future or you are a beloved aunt or uncle, I encourage you to check it out. It’s never too soon to start the money talk!
Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:
- Call 855-411-JILL and we'll schedule time to get you on the show LIVE
- Send an email: askjill@jillonmoney.com
- Tweet us: @jillonmoney and @MTalercio
Yes, this is still here, and it will be for a while longer to serve as a reminder that there's a new place for Jill on Money content - YouTube! Seems like a no-brainer, but sometimes it takes a little outside help (h/t to JOM friend, Joe A!) to recognize the obvious. So don't freak out. Going forward, we're going to put all our radio and podcast content on YouTube! It'll be easier for you to navigate and listen to past shows, because everything will be in one place. Just click any of the links below and you'll be able to listen to this week's show as well as anything else you see that might interest you, including all the Better Off podcast content if you haven't been listening. Let us know what you think by emailing us at askjill@jillonmoney.com.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
We started the show with a fun call from John in Chicago. As he prepares for his wedding, John is trying to figure out the best way to have the financial talk with his fiancee, Kim. John is more aggressive when it comes to finances, while Kim is more conservative, so we need to find a middle ground for these two lovebirds. The good news is that they're already kind of talking about it, so it really shouldn't be that difficult to get them over the hump.
CLICK HERE FOR LATEST SHOW ON YOUTUBE
Hour two this week is devoted to helping you stress proof your life.
Thanks to our guest this week, Mithu Storoni, it can be done. Mithu is a University of Cambridge-trained MD, certified in Ophthalmology. She also holds a PhD in Neuro-ophthalmology. In her new book, Stress-Proof, Dr. Storoni will help us all discover simple, science-based strategies for beating stress at its own game.
As listeners of the show, you guys are clearly into personal finance, and you don't need me telling you that money can be stressful. Stress is an inevitable part of life. But how much is too much? Research is uncovering the delicate balance that can turn a brief stressful episode into systemic overload, eventually leading to anxiety, depression, and other chronic health issues. But this doesn't have to be the norm. There are ways to prevent it from having a negative impact on your life and health.
- When’s the best time to exercise – and how much is too much?
- Which foods fortify the brain, and which do the opposite?
- How can we use music, movement and motivation to boost our rational brain and keep our cool no matter what life throws our way?
The pages go on to outline seven paths to fighting the effects of stress–to strengthen our natural defenses so that our minds remain sharp, and our bodies resilient, no matter what life throws at us.
Thanks to everyone who participated this week, especially Mark, the Best Producer/Music Curator in the World. Here's how to contact us:
- Call 855-411-JILL and we'll schedule time to get you on the show LIVE
- Send an email: askjill@jillonmoney.com
- Tweet us: @jillonmoney and @MTalercio