Finance Explained by Family Finance Mom
By Meghan | Family Finance Mom
Why did the market sell-off this week? Why is everyone suddenly worried about inflation? Why are interest rates rising or falling... and what you need to know about how it could impact your family’s finances.
Welcome to Finance Explained… helping women everywhere build financial literacy and make better decisions for themselves, their families and their futures.
Q&A Replay 12.11.2024: Why Do People Blame Politics Even If They Are Doing Well?
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Questions Answered...
🐷 Why do people blame politics for their financial situation when they make enough to afford a good life?
🐷 What do you think we can expect financially on a Federal stage in the nexy 4-years? Taxes? Tarriffs?
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Q&A Replay 12-4-2024: Inflation's not Over Yet
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Questions Answered...
🐷 Are we doomed the next 4 years? What do you think will happen to the economy?
🐷 Is real estate a better/safer/less volatile investment than the stock market?
🐷 Inflation update
Key Takeaways
00:00 Introduction
12:55 Understanding Inflation and Its Impact
18:01 Real Estate vs. Stock Market: Investment Insights
26:36 Inflation Update and Economic Connections
35:36 Conclusion and Upcoming Discussions
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Q&A Replay 10-30-2024: Election Impact on Market & Economy
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Key Takeaways
00:00 Introduction to Family Finance Q&A
03:13 Market Reactions to Elections
06:56 Understanding Gold Prices and Economic Cycles
10:07 Goldman Sachs Predictions on S&P 500 Returns
13:53 Correlation Between Gold and Bonds
17:01 Economic Concerns Leading Up to the Election
23:02 Consumer Credit and Economic Perception
30:08 Housing Market Dynamics and Local Governance
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Q&A Replay 10-9-2024: Labor Data & Economic Impact of Hurricanes
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Key Takeaways
00:00 Introduction to Family Finance Q&A
01:39 Understanding Labor Data and Its Sources
10:31 Analyzing Employment Trends and Seasonality
20:43 Impact of Natural Disasters on the Economy
30:49 Looking Ahead: Earnings Reports and Economic Insights
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Q&A Replay 10-2-2024: Strikes, Middle East Conflicts & Inflation
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Key Takeaways
00:00 Introduction to Family Finance Q&A
02:24 Impact of Port Strikes on Grocery Prices
14:47 Geopolitical Conflicts and Inflation
16:37 Election Uncertainty Adds to Volatility
22:23 Labor Market Trends and Economic Indicators
29:39 Book Club Announcement: Why Nations Fail
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Q&A Replay 9-25-2024: Why the Economy Feels Tough for Families
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit
Key Takeaways
00:00 Introduction
01:08 Inflation's Economic Disparities
13:20 Navigating Mini Retirements
17:46 The Impact of Inflation on Prices
20:40 Exploring High-Yield Savings Accounts
24:57 Housing Market Trends and Predictions
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Q&A Replay 9-18-2024: A Closer Look at Economic Policies for 2024 Election
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit
Key Takeaways
- The economy is the top concern for voters in the upcoming election.
- Both candidates' proposals are likely to increase the national debt.
- Harris's policies focus on wealth redistribution through tax increases.
- Trump's platform aims to reduce taxes and regulations to stimulate growth.
- Tariffs can lead to higher consumer prices and inflation.
- Government spending has been a significant factor in rising inflation rates.
- Housing affordability remains a critical issue for many families.
- Cutting government spending is politically unpopular but necessary for fiscal health.
- Inflation creates a vicious cycle that impacts household budgets.
- Understanding the economic implications of policies is crucial for voters.
Chapters
00:00 Introduction to Economic Proposals for 2024 Election
05:12 Analysis of Kamala Harris's Economic Policies
18:09 Overview of Donald Trump's Economic Strategies
31:53 Discussion on Taxation and Economic Impact
44:54 Final Thoughts and Future Economic Outlook
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Q&A Replay 9-4-2024: Failed Recession Indicators & Taming Inflation
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/failed-recession-indicators/
Today’s topics included:
🐷 3 failed recession indicators - why they failed this time and what it means for you
🐷 Revised annual jobs numbers - would it have mattered if they came out sooner?
🐷 Spending faster than we are saving, groceries are still so high. Why & how to combat it?
🐷 Pay off student loans or pay minimum and save?
🐷 19yo just opened a Roth IRA - Target Date fund or S&P 500?
🐷 Do you think there will be a government shutdown?
Timestamps:
00:00 Recession Indicators and Economic Cycles
08:04 Managing Inflation and Its Impact
12:38 Strategies for Student Loan Repayment
21:34 The Dysfunction of Congress and Government Shutdown Threats
29:47 Taking Control of Your Financial Future
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Q&A Replay 3.13.2024: Inflation Updates, ESPPs & Resources for Evaluating Policies
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit ...
Today’s topics included:
🐷 Pros/cons of employee stock purchase plans?
🐷 Is it better to have separate 529s for each child or only one?
🐷 How to plan for large expected expenses during retirement?
🐷 Latest inflation data points
🐷 Impact of insurance on inflation
🐷 Best non-partisan data sources for evaluating political policies or proposals
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Q&A Replay 2.21.2024: Recession Concerns, Discover Merger & Bidenomics Impact
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/bidenomics-impact-on-election-2024/
Today’s topics included:
🐷 Worried about getting out of the current negative cycle: spending less, businesses lay off people, who spend less… how does it stop?
🐷 Discover/CapitalOne merger. Will this be stopped like the JetBlue/Spirit deal?
🐷 Is the economy likely to rise under a second Biden term? Lots of factors, but what’s your take?
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Q&A Replay 2.14.2024: Term vs Whole Life, 529 Plans & Should My Parents Have an Advisor
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/term-vs-whole-life-insurance/
Today’s topics included:
🐷 Insurance: do I need disability insurance? What about term life insurance if I have kids?
🐷 My parents have a sizeable portfolio. Is a management fee worth it or continue to manage themselves?
🐷 Is investing in a CFP certification worth it if I want to be in personal finance field as a career?
🐷 I feel lost in 529 plans. Live in Texas, so no state income tax deduction. Is growth tax free?
🐷 My mom says I should contribute more to my 401k now than a Roth because my income is more now than it will be in retirement. Is her thinking right?
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Q&A Replay 2.7.2024: Pensions, How Do Roth IRAs Work & ESG Investing
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/how-do-roth-iras-work/
Today’s topics included:
🐷 Private equity firms are investing in accounting firms - why?
🐷 How can I calculate if a pension is worth staying at my job for vs earning a higher salary and investing for myself elsewhere?
🐷 My Roth account has an advisor who gets a cut. How can I switch it to one that I control?
🐷 If you are “young”, do you put more money in a Roth IRA or a Traditional IRA?
🐷 How do you see sustainable investing transforming the Real Estate and Energy sectors in the next decade?
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Q&A Replay 1.31.2024: Long-Term Care Insurance & Investing for Kids
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/long-term-care-insurance/
Today’s topics included:
🐷 Long-term care insurance - how to know insurance provider will be around to pay policy in 20-30 years?
🐷 Where to invest money for kids they will need in 7 years?
🐷 Should you pre-pay and pre-plan for funeral services?
🐷 Fed meeting TODAY!
🐷 Big Tech earnings miss weighing on stock market
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Q&A Replay 1.24.2024: Is Commercial Real Estate in Trouble & The Magnificent Seven
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/is-commercial-real-estate-in-trouble/
Today’s topics included:
🐷 Should you rollover your old 401ks?
🐷 Any long term risks of buying a house in this market?
🐷 I used Mint for years for tracking spending, budgeting - any free program to use going forward?
🐷 How commercial real estate market potentially impacts economy as office leases end?
🐷 Thoughts on the Magnificent Seven stocks in general
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Q&A Replay 1.17.2024: JetBlue Blocked by Antitrust Laws, Soft Landings and Savings Rates
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/antitrust-laws-soft-landings-and-savings-rates/
Today’s topics included:
🐷 JetBlue / Spirit merger: do you think they will try for approval again under a different administration?
🐷 How to understand all this talk of a soft landing vs no soft landing from the Fed?
🐷 Advice on starting to teach financial skills to young kids (preschool, early elementary)
🐷 What is included in a savings rate calculation?
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Q&A Replay 01.10.2024: Economic Outlook - Interest Rates, Inflation, and Concerns for 2024
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/us-economy-2024/
Today’s topics included:
🐷 2023 market recap and what to look for in 2024
🐷 If 2% is Fed’s inflation target, do they have a target interest rate to reach it?
🐷 How much has inflation collectively impacted grocery budgets in last few years?
🐷 Government budget debate, deadlines and why it matters
🐷 Commercial real estate vacancy rates at all time highs - why that’s a risk for banks and broader economy
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Q&A Replay 12.13.2023: Allowance for Kids and December Fed Meeting
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/allowance-for-kids/
Today’s topics included:
🐷 Biden’s recent round of student loan forgiveness. Who? how? Is it legal?
🐷 Opinions on allowance for kids
🐷 What is a car tax?
🐷 What is tokenization?
🐷 Fed meeting today
🐷 National debt and recent treasury auctions
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Q&A Replay 12.6.2023: Economy in 2024 and How to Prepare for a Job Loss
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/economy-2024-and-how-to-prepare-for-a-job-loss/
Today’s topics included:
🐷 My job announced layoffs in Q1 2024. What should I do to prepare?
🐷 I read some finance headline the Fed will lower rate five times - is that just Clickbait? it seems off
🐷 I’ve heard some are worried about what will happen when boomers pull out of the stock market, but won’t that money be using the economy so it will all work out OK?
🐷 should I transfer my credit card balance and open a new card offering no interest interest for 18 months?
🐷 Are rising rates from the Fed correlated to higher money market returns?
🐷 Best way to track commodities?
🐷 Any book recommendations for 12yo interested in learning about investing?
🐷 Is there still a good chance we will go into a significant recession?
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Q&A Replay 11.29.2023: Teaching Kids the Value of Money & Budgeting Resources
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
For full show notes, visit https://familyfinancemom.com/teaching-kids-the-value-of-money/
Today’s topics included:
🐷 What’s your favorite spreadsheet to start a budget?
🐷 Can you recommend a personal finance and investing book for a young couple?
🐷 What is the most important thing you feel today’s children need to learn or be prepared for?
🐷 Understanding the different home price measures
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Q&A Replay 11.15.2023: Budgeting for Holidays & Choosing a 529 Plan
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Share your finance stories here!
For full show notes, visit https://familyfinancemom.com/budgeting-for-the-holidays/
Today’s topics included:
Today’s topics included:
🐷 When do you expect HELOC rates to go down? My payments have doubled
🐷 Help with language to use this holiday season if our budget is tight to not insult others
🐷 Good account to set up for kids’ savings
🐷 Those spending money freely - are there stats to show it’s those with low interest or no mortgage?
🐷 What does Shelter include in the CPI?
🐷 How to learn more about 529 plans?
🐷 How do you read news numbers on Dow, S&P, Nasdaq updates?
🐷 Keep hearing about people laid off. Where are they all going to work?
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Q&A Replay 11.8.2023: US Consumer Credit Rising, Finance in Mainstream Media & Planners vs. Advisors
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Share your finance stories here!
For full show notes, visit https://familyfinancemom.com/us-consumer-credit-rising/
Today’s topics included:
🐷 Can I use a 529 plan for a child who is not legally mine?
🐷 How to save on school photos
🐷 How the more you learn about finance the more you understand even in mainstream media - examples: Pain Hustlers movie on Netflix, WeWork bankruptcy this week, Trump civil trial ongoing in NY
🐷 Commercial real estate concerns
🐷 Difference between a financial planner and a financial advisor
🐷 Consumer credit hits all time high & what 🚩 it’s showing
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Q&A Replay 11.2.2023: Rising Interest Rates, Velocity Banking & HELOCs
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Share your finance stories here!
For full show notes, visit https://familyfinancemom.com/rising-interest-rates/
Today’s topics included:
🐷 Why “nonfarm payrolls” when discussing employment data?
🐷 Do you recommend closing credit cards to curb spending in the current economy?
🐷 Thoughts on using “velocity banking” method to pay down debt?
🐷 Is a HELOC a bad idea?
🐷 Can companies be incentivized to lower profits to help inflation?
🐷 Fed decision
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Q&A Replay 10.25.2023: Federal Deficits, International Aid & HSAs
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Today’s topics included:
🐷 Do you think we still have a chance for a Q4 rally?
🐷 How can the federal deficit be 3x what was predicted? Like how can it be a surprise?
🐷 Is there ANY hope to fix the national debt and deficit issue at this point? Feels completely out of control
🐷 Should a family max out HSA contributions if possible? Is that a smart investment?
🐷 WWYD: payoff mortgage (3.1% rate) or invest for down payment on new home in 5-7 years?
🐷 Thoughts on whether the Fed will continue to hike interest rates?
🐷 What are WARN notices?
🐷 What would it take to pull back on international aid for conflicts, like those in Ukraine?
For full show notes, visit https://familyfinancemom.com/federal-deficits-explained/
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Q&A Replay 10.18.2023: $1400 Monthly Inflation Impact & Upcoming Recession Views
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Today’s topics included:
🐷 why is GDP growth positive but earning growth hasn’t been over the last year?
🐷 can you tell us how you calculate the $1400/mo impact to budgets from inflation?
🐷 why would a PE firm grade their debt in a company that is going bankrupt for equity?
🐷 your personal thoughts on an upcoming recession?
🐷 will there be more foreclosures?
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Q&A Replay 10.11.2023: 3 Negative Impacts of War on the Economy
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Today’s topics included:
🐷 War and its economic and financial implications
🐷 What is core vs headline inflation?
🐷 Best way to build back an emergency fund quickly?
🐷 JOLTS report - how is data collected? Could it be double counting job postings?
🐷 Do you foresee layoffs coming in Q423 or Q124? How bad will it get if so?
🐷 If I max out 401k, what’s next? Late 30s, high risk tolerance.
🐷 Why do some investment vehicles have classes within them?
🐷 Why are bank stocks underperforming?
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Q&A Replay 10.4.2023: The Role of Government in the Economy & Is Free College a Likely Possibility?
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
Today’s topics included:
🐷 What should the role of the government be in the economy?
🐷 Will the government step in if people cannot afford houses?
🐷 Is everything being unaffordable (housing, car, education) here to stay?
🐷 What happens to voting rights of shares bought by ETFs and mutual fund companies?
🐷 Should parents with small kids be factoring in the possibility of free college in a savings strategy?
🐷 Is it worth saving in a Roth IRA after reaching CoastFI status?
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Q&A Replay 9.27.2023: Rental Properties, the "Silent Depression", & Bonus Interview with Clint Henderson from The Points Guy
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
This week also features a BONUS interview with Clint Henderson of The Points Guy:
Clint Henderson worked in broadcast news for over two decades -- including stints at ABC News, Fox and MSNBC -- before landing his dream job at TPG in 2019. He was raised in California and Montana but has called New York home for more than 20 years.
Clint has been featured on ABC, CBS, CNN, Bloomberg, and in print in The Wall Street Journal, the New York Post, and Yahoo Finance among other outlets and publications. He flies 100,000 miles a year and has written stories about numerous destinations… and today he’s here to share about using credit card rewards to boost your family budget, as well as why credit card points are now at risk of going away.
For more on The Points Guy, and legislation threatening your credit card rewards:
https://handsoffmyrewards.com/
https://thepointsguy.com/protect-your-points/
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Today’s Q&A topics included:
🐷 Can you give background on the childcare crisis? What is the impact to the economy and how to prepare personally?
🐷 Advice for financial inheritance: but rental properties vs invest?
🐷 Will PCE Price Index increase again this month?
🐷 Thoughts on viral social media “silent depression” concept
🐷 Not seeing the outlook on an IRA… why not cash out now with penalties and lower tax rates?
🐷 Dealership wants to charge 2% for using a credit card for repairs. Alternatives for payment?
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Q&A Replay 9.20.2023: Actions Items for 60yo with No Retirement Savings and Should You Pay Off Your Student Loans?
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
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Today’s topics included:
🐷 Thoughts on buying T-bills directly from the government?
🐷 Do I need a Trust?
🐷 What are EuroDollar futures?
🐷 What’s your best advice for someone with no retirement savings and 60 years old?
🐷 What are calls/puts?
🐷 Will recession come before Presidential election?
🐷 Should I pay off student loans or wait for forgiveness?
🐷 Are we increasing housing supply to reduce prices?
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Q&A Replay 09.13.2023: Impact of Student Loan Payments Restarting & Are IPOs a Good Investment?
At the request of Family Finance Mom followers, I am now posting LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Wednesday at 9AM ET.
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Today’s topics included:
🐷 What data are you looking to to discern the economic effects of restarting student loan payments?
🐷 529s: can now transfer to Roth IRAs? transfer between siblings? When did this happen?
🐷 Are IPOs wise for individual investors?
🐷 What is a hedge fund and is it comparable to a mutual fund or ETF?
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Q&A Replay 05.03.2023: Where Are Interest Rates Headed & Another Bank Failure
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included:
🐷 Do you think interest rates will decrease by early 2024? What indicators can we look for?
🐷 Newbie trying to figure out an account set up for me at UBS. Pros/cons vs Fidelity or Vanguard?
🐷 What does the failure or buyout of First Republic mean for the rest of banks?
🐷 Rumor that it’s possible mortgage rates could reach 13% in 2024, thoughts?
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Q&A Replay 05.01.2023: BRICS, the US Dollar & Favorite Money Apps for Kids
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included:
🐷 What’s all the buzz around the dollar? Is the dollar going to end?
🐷 Will all mortgage loans be affected by the increase in % with a high FICO score?
🐷 Best investment for a minor, but not an IRA or 529 plan
🐷 What will happen with housing when baby boomers start to pass and leave their homes?
🐷 What is a clearing house?
🐷 Favorite kids’ debit/savings app?
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Q&A Replay 04.26.2023: Debt Ceiling Update & Financial Prep for HS Seniors
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included…
Today’s topics included:
🐷 Updates on debt ceiling & approaching deadline
🐷 Employer now offers a Roth 401k - which is better? Or both?
🐷 What is a cash sweep?
🐷 Difference between a broker & financial advisor?
🐷 What is most important for high school seniors to understand economically?
>>> https://familyfinancemom.com/how-to-prepare-for-college-financially/
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Q&A Replay 04.24.2023: Mortgage Changes & Annuities
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included…
🐷 The facts about Biden Administration changes to mortgage rates and fees
🐷 CDs vs HYSAs
🐷 Long-term disability insurance
🐷 Annuities - how they work, pros and cons
🐷 If GDP is 2/3s consumer spending, what is the rest?
🐷 Reading Panic… how do arbitrage and portfolio insurance work?
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Q&A Replay 04.17.2023: Why Rising Unemployment is "Good" & Understanding Economic Data
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included…
🐷Why is rising unemployment a “good” thing for inflation? Vs. rising interest rates?
🐷 Ways to account for inflation in day-to-day life?
🐷 Can you please explain “seasonally adjusted” when looking at data?
🐷 My Vanguard account is FDIC insured - are they a bank or is another organization acting as their bank?
🐷 Should we be concerned by countries moving away from the US dollar?
🐷 How are real estate bonds different from other bonds?
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Q&A Replay 04.05.2023: De-dollarization & Risk of Recession
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics include:
🐷 Dedollarization - what does it mean and what are the risks to the US?
🐷 FedNow - what is it and will it eventually do away with Zelle, PayPal, Venmo?
🐷 Do you think the Fed will ever make a recession announcement?
🐷 Debt free other than home - is it better to max out retirement or prioritize paying off home?
🐷 How should we think about withholding taxes?
🐷 Do you feel like we are heading for a big recession?
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Q&A Replay 03.27.2023: Bank Bailouts & Where to Invest Now
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included:
🐷 What is the best method to pay down credit card debt?
🐷 Why do we keep bailing out banks?
🐷 Do you prefer stocks or ETFs?
🐷 How do you value a local small business in order to sell it?
🐷 Best place to invest in this crazy market?
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Q&A Replay 3.22.2023: Whole Life Insurance & The Vetoed Bill Impacting Your Retirement Plans
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics include:
🐷 What roles if any did the loosening of Dodd Frank play in the SVB failure?
🐷 Do the bonuses the SVB execs receive last year have to be returned?
🐷 Is whole life insurance a good retirement option? What are the tax advantages?
🐷 I have a Roth IRA through Betterment. Do they charge high fees?
🐷 How do you determine how long to buy a CD for in this current environment?
🐷 Are funds active or passive by design or by how they are managed? can a fund be both?
🐷 What is the difference between a security and a treasury?
🐷 Thoughts on the new retirement debate and bill vetoed by President Biden?
🐷 Thoughts on cost per wear?
🐷 My husband is considering a job change into land sales. Could you talk about how land price cycles vary or correlate with traditional real estate or overall economic cycle?
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Q&A Replay 3.20.2023: The Latest on Banking Industry & Term Life Insurance for Families
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included:
🐷 I thought SVB was a unique situation. Why are we seeing more trouble in banking?
🐷 Best tips for preparing to go from 2 incomes to one - 5 months to prepare
🐷 What role do Moody’s and S&P play in regard to banking/finance?
🐷 Will the strategy in Treasury Secretary Yellen’s interview with Senator Lankford hurt community banks?
🐷 If not urgent, should we wait on buying a house until the market “adjusts” to the new rates?
🐷 I’m a SAHM - should my husband’s term life insurance policy be for 20 or 30 years?
🐷 With all the news about banks, should I worry about having all my money in only one bank?
🐷 Clarify FDIC coverage limits - per account at a bank or per bank total? Can a joint account have $500k?
🐷 Bank failures are good for those of us buying a home - do you think rates are done falling?
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Q&A Replay 3.15.2023: Is My Money Safe & The Yield Curve
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included:
🐷 should Americans keep emergency funds of cash at home?
🐷 if you have more than $250K in the bank, should you diversify banks?
🐷 is money in investment accounts insured?
🐷 I need to do a car lease buyout. Should I use emergency money for a larger down payment or borrow at a higher rate and keep my high-yield savings?
🐷 can you explain in more detail what an inverted yield curve means?
🐷 what consumer behaviors would help curb inflation?
🐷 you mentioned on your podcast that Vanguard and Blackrock hold 15% of most stocks combined - does this present any risk?
🐷 did SVB and Signature do stress testing as other large banks do?
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Q&A Replay 3.13.2023: SVB Failure - What Happened & What Does it Mean for Your Money
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included:
🐷 How do banks work
🐷 What went wrong at Silicon Valley Bank?
🐷 What happens now? FDIC protection and Federal actions by Federal Reserve & US Treasury
🐷 Reasons to be cautious, but not panic
🐷 How this will impact Fed monetary policy
🐷 What this means for broader economic environment - does this accelerate a recession?
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S3-6: A Deep Dive on the Founder of Vanguard, American Investor's Superhero, John Bogle & Low Cost Index Funds
This week is all about John Bogle, the Superhero of Wall Street for retail investors, Vanguard, low-cost index funds, and the benefits of ETFs with The Bogle Effect author, Eric Balchunas. The Bogle Effect is our Q1 pick for the Family Finance Mom Book Club.
Eric Balchunas is Senior ETF Analyst at Bloomberg Intelligence, where he leads the ETF and fund research and contributes to Bloomberg Opinion. He is a frequent speaker at industry events and conferences, as well as the co-creator of the Bloomberg podcast, Trillions, and Bloomberg TV’s ETF IQ. Eric is author of The Bogle Effect (2022) and The Institutional ETF Toolbox (2016). Eric holds a bachelor's degree in Journalism and Environmental Economics from Rutgers University.
In today's episode, we cover...
- Who was John Bogle and why he is THE Superhero for American investors that most of us have never heard of?
- What is The Bogle Effect?
- Why over the long run, the biggest impact on your investment portfolio is fees. "Costs matter."
- What is an ETF? And what's better for investors: ETFs or mutual funds?
- What is the next big thing that may disrupt investing and Wall Street that investors should look out for?
- What does the modern investor portfolio look like?
For more on FFM Book Club: https://familyfinancemom.com/finance-books-to-read/
For more on this week's guest, Eric Balchunas:
https://twitter.com/EricBalchunas
Get The Bogle Effect book
Listen to his podcast, Trillions
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Q&A Replay 03.08.2023: The Pro Rata Rule & Beware of Variable Rate Interest
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today’s topics included:
🐷 I want to put some money in the stock market - where do I start?
How to Start Investing >> https://familyfinancemom.com/how-to-start-to-invest/
🐷 Please explain the pro rata rule and back door Roth IRAs.
🐷 Do you recommend using a HELOC as a down payment for a second home?
🐷 What about a HELOC to refinance credit card debt?
🐷 Why the next 2 weeks are critical to where interest rates, economy, and stock market will go this year
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Q&A Replay 03.01.2023: Choosing Investments & Impact of Student Loan Payments Resuming
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today's episode addresses the following questions:
🐷 529 plan - use age bands or specific investment categories?
🐷 Difference between a HYSA and a Money Market account?
🐷 Impact of student loan payments resuming on the economy
🐷 I still haven't received by 2022 EOY bonus - how can I get my money?
🐷 Role of the Fed vs Department of Treasury
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Q&A Replay 02.27.2023: Rebalancing Your Portfolio & When Will Inflation End
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today's episode addresses the following questions:
🐷 How do you budget for kids’ activities? Gets out of control quickly
🐷 What does it mean to rebalance your portfolio and when should you do it?
🐷 How hard is it to switch from a Traditional IRA to a Roth? Is it worth it?
🐷 How soon do you anticipate inflation to slow?
🐷 Ideas for micro-goals while we take a bit of a break between two big savings goals?
🐷 What does an efficient frontier consist of?
🐷 A cool new money book for kids
🐷 Supreme Court to begin hearing arguments on student loan forgiveness tomorrow
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Q&A Replay 02.22.2023: IRAs & Understanding Investment Funds
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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Today's episode addresses the following questions:
🐷 I have a 457b. Considering switching over to an IRA to save on fees. Pros/cons?
🐷 Opened a college fund and it’s only been losing value. In this for the long haul?
🐷 What’s the best way to open an investment account for my kids?
🐷 Getting killed by variable rate HELOC - any good options to ease or change into?
🐷 Tips for going from 2 incomes to 1? Will be SAHM when hubby goes to grad school + working full time?
🐷 What is a good rate for used auto loan?
🐷 What does the term “mega cap” mean?
🐷 What is the difference between a mutual fund and an index fund?
>>> ETFs vs. Mutual Funds vs. Index Funds: https://familyfinancemom.com/where-to-invest-money/
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Q&A Replay 02.15.2023: Latest on Inflation & Why People Still Buy Actively Managed Funds
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
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At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's episode addresses the following questions:
🐷 If most active managers don’t outperform the S&P 500, why does anyone invest in them?
🐷 Inflation rate - the rate of inflation SLOWED or actually fell? It’s confusing!
🐷 Pros/cons to opening accounts where funds are versus a 3rd party brokerage?
🐷 Why haven’t we officially declared a recession?
🐷 If my car is 15yo, should I drop full insurance coverage to just liability coverage?
🐷 How to withhold the right amount on my paycheck to end up with a small return on my taxes?
>>> IRS W4 Calculator: https://www.irs.gov/individuals/tax-withholding-estimator
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Q&A Replay 02.13.2023: Expense Ratios & What to Do With a Raise
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
______________
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's episode addresses the following questions:
Today’s topics included:
🐷 Where would you recommend opening a Roth IRA? How much can I contribute in 2023?
🐷 HELOC with a variable rate that is now high. Should I switch to a fixed home equity loan or something else?
🐷 Where to open an HYSA?
>>> Catch past discussions here: https://youtu.be/FEDfL_b6PBw
🐷 Can you explain expense ratios?
>>> Learn more here: https://familyfinancemom.com/where-to-invest-money/
🐷 Ideas on how to generate quick and easy income from home?
🐷 How would you allocate a 30% raise?
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Q&A Replay 02.08.2023: Borrowing from Your 401k & Investing
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
______________
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's episode addresses the following questions:
🐷 How long will your HYSA referral code work?
>>> REFERRAL LINK: https://www.marcus.com/share/MEG-GV1-MQFV
🐷 Thoughts on using only cash vs credit cards (always paying in full each month)?
🐷 Should I take out a 401k loan to pay off high interest debt?
🐷 Kids college loans are adjustable rate. We cannot refinance until they graduate. Other options?
🐷 Example of a long-term vs short-term stock exchange
🐷 Do you ever cover how to pick funds/stocks? How to research?
>>>INVESTING RESOURCES:
Investing Workshop Series > http://familyfinancemom.teachable.com/p/investing-workshop-series
Investing for Beginner Series on the blog > https://familyfinancemom.com/how-to-start-to-invest/
Where to Invest Money: ETFs vs. Mutual Funds vs. Index Funds > https://familyfinancemom.com/how-to-start-to-invest
10 Things to Know About a Stock on the blog > https://familyfinancemom.com/investing-in-stocks-101/
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Q&A Replay 02.06.2023: Housing Costs & HYSAs
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
______________
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's episode addresses the following questions:
🐷 How much of an American family’s income is spent on housing now?
>>> RESOURCE: Average Household Budget: https://familyfinancemom.com/example-of-family-budget/
🐷 What is an “activist” investor?
🐷 Are you able to recommend any HYSAs?
>>> REFERRAL LINK: https://www.marcus.com/share/MEG-GV1-MQFV
🐷 Kids we’re gifted money in great grandma’s will. Should I put it in a 529 for college or something else. They are 4 and 7 now
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Q&A Replay 02.01.2023: Fed Actions & Caring for Older Parents
Today's Q&A replay is sponsored by the Family Finance Mom Economic Workshop series. Build your economic literacy with a 6 workshop series to learn what causes economic cycles, how the free market works, the impact of human behavior on the economy and more. Knowledge builds confidence and empowers you to make better decisions for you, your family and your future.
ENROLL NOW: http://familyfinancemom.teachable.com/p/economics-workshop-series
______________
At the request of Family Finance Mom followers, I am now posting Monday & Wednesday LIVE Q&A replays as podcast episodes! To submit your question, be sure to follow me @FamilyFinanceMom on Instagram. Look for the question box in my stories ahead of LIVE Q&A every Monday and Wednesday at 9AM ET.
Today's episode addresses the following questions:
🐷 What do you think the Fed will announce today? [Note - Fed announced a 25bps increase this afternoon after this recording]
🐷 Considerations for a parent to become your dependent? Taxes, healthcare, etc?
🐷 Why put $ in a 401k before a Roth?
🐷 What are your overall feelings on the economy and why?
🐷 Is it smart to add your child to your credit card to improve their ratings?
🐷 Know of any part-time employment agencies that cater to moms?
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Follow Family Finance Mom everywhere...
Instagram: https://www.instagram.com/familyfinancemom/
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