Quick Tips

Top Tips for First Time Homebuyers with Vishal Garg


This podcast episode was inspired by a question sent in from Erin who wanted to know some tips she should be thinking about when she buys her first home. We could do a million podcast episodes just on this topic alone – even if you own a home, there’s always more to learn for the purchase of your next house. That’s why I went straight back to Vishal Garg, CEO of Better (and a previous podcast guest) to answer Erin’s question.

On This Podcast Episode:

The old wise tale was that you needed 20% as a down payment to buy your first house, and forget about it if you were an entrepreneur with a bunch of 1099 income. Thank God those rules are getting thrown away and we can finally get to buying our first home with as little as $10K-$15K as a down payment.

I’m chatting with Vishal on this episode about:

  • Why you so don’t need 20% down payment anymore
  • The curious way you can roll your student loan payment into your mortgage (say what)
  • Possibilities for entrepreneurs with a crapload of 1099’s
  • Top 3 ways to get you in a position to buy

Head over to Better’s site directly to find out more about their unique online mortgage options.

The article mentioned – Best & Worst States to Buy a House

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

Want More:

 

Summer Money Checklist + Happy Birthday Shannah

Today’s episode was inspired by a listener question wanting to know how to use their summer hours to check some items off the good ole’ money checklist – the only problem is where to start. Your summer money checklist can be comprised of anything that you want to accomplish – but remember to keep it simple and relatively easy to accomplish so you’ll make sure and stick with it.

On This Podcast Episode:

I’m dishing some of my favorite items that can go on your summer money checklist:

  • Update your goals
  • Check on your beneficiaries
  • Boost your credit score (or check it out)
  • Give your 401(k) a little love
  • Negotiate a bill

These are my favs, but you can choose anything that you’d like to get checked off your list this summer. Think about all those loose ends that you haven’t tied up yet.

Also, we’re celebrating my birthday on this episode, and Jeff is joining us for a lightning round of questions all about me. Find out why we’re talking about Kenny Rogers and animal crackers and so many more funny questions thrown my way.

Episode Sponsor:

Thanks to Brooklinen for sponsoring this podcast episode. Get $20 off AND free shipping when you use promo code [mymoney] at Brooklinen.com.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Have an Ask Shannah question, submit it here.

Want More:

Peer Pressure and Your Money with Majd Maksad & Live Ask Shannah

Majd Maksad and his company, Status Money, recently completed a study all about peer pressure and the effects it has on your money. If I’m going to be honest, I’ve probably made a money decision or two in the past based on peer pressure. Would it surprise you to know that peer pressure actually can help people save money and change their spending habits?

 This Podcast Episode:

Peer pressure can help consumers cut their spending by a whopping $600 a month, according to a new independent study by the University of Chicago and University of Maryland using technology from statusmoney.com.  With more than half of Americans having less than $1000 in savings and 17% negative net worth, peer pressure could help combat what some experts are calling a debt epidemic.

I wanted to get to the bottom of this and chat with Majd about these findings and how Status Money is helping people with their own money decisions. Many of the key findings were particularly interesting and I think they say a lot about the role peer pressure plays in our finances.

Ask Shannah Live – podcast listener Heidi joins me for our first life Ask Shannah session. Hear her story of losing her job and having to make some tough choices about paying off debt or saving her money.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

Want More:

Ask shannah – I’m Moving Without a Job, Starting Grad School, & Just Got a Big Promotion

It’s time to tackle some more of your Ask Shannah questions. On this podcast episode, I’m going to be giving some tips and suggestions for making cross-country moves, starting over somewhere fresh without a job and what to do with extra cash when you get a big promotion.

On This Podcast Episode:

I’m chatting about three awesome questions in this podcast episode. Tune in to hear my suggestions to these questions:

  1. I’m moving to a new city, quitting my job, and looking for a new job. How can I best manage my money during this time?
  2. We’re moving cross-country with our cat to start a new master’s degree program. How can we set ourselves up and make smart money moves during this transition?
  3. I just got a big promotion at work and now I’m trying to figure out if I should put that money into a 401(k) or towards my student loan payments. What do you suggest?

Shout Out To Our Sponsor:

Thanks to ZipRecruiter for sponsoring this episode. Right now, my listeners can try ZipRecruiter for free.  That’s right FREE! Just go to ZipRecruiter.com/mymoney!

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!

Have an Ask Shannah question, submit it here.

Want More:

Posted in Podcast, Quick Tips, Saving | Comments Off on Ask shannah – I’m Moving Without a Job, Starting Grad School, & Just Got a Big Promotion

Best Of Reboot – Are Your Fees Eating Your 401(k) With Chris Costello

Now that we’re well past tax-time, I wanted to reboot an episode that will help you give your 401(k) a little love. It’s quite possible that fees may be eating your 401(k) returns and you aren’t even aware of it. There is a lot of confusion out there about how 401(k)s even work, let alone that some funds may be costing you a bundle. Let’s demystify some of that!

 

On This Podcast Episode:

I’m rebooting one of our top episodes and chatting with a podcast guest that’s always a favorite, Chris Costello from Blooom (with three o’s). I’ve honestly never seen a company quite like Blooom and I always love when we can chat about 401(k)s. We’re covering:

  • Why fees even matter in your 401(k)
  • How you can figure out your ideal stock/bond ratio
  • Ways you can control fees – to some extent
  • Why your behavior has a lot to do with your 401(k) balance
  • How to figure out how much you’re actually paying in fees

Click here for a FREE analysis of your 401(k) with Blooom.

Help us out and support the podcast by going to wondery.com/SURVEY and filling it out. That’s wondery.com/SURVEY – you won’t even have to enter your email to help us win.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Have an Ask Shannah question, submit it here.

Want More:

 

Posted in Podcast, Quick Tips, Saving | Comments Off on Best Of Reboot – Are Your Fees Eating Your 401(k) With Chris Costello

Best of the Best Money Apps, Programs, Products and More

There are so many money apps and programs on the market that it’s hard to know which one is the “best.” Unfortunately, you usually have to try a few before you find the one that is going to be your money bff. Not to worry though, I’ve tried just about all of them and I’m giving you the down low on some of my favorites.

On This Podcast Episode:

I’m breaking down some of the best of the best money apps, programs, products and more. If you’re looking for some new favs, check these out.

  • Best Budgeting AppYou Need a Budget (hands-down one of my favorites)
  • Best Points Credit Card- (still) Chase Sapphire Preferred Card
  • Best Online Checking Account – I’m a fan of Aspiration. Listen to my interview with their CEO Andrei
  • Best Investing AppAcorns (they’re doing some really cool things over there at Acorns)
  • Best Way To Think About Buying a House – Have you heard of Unison? We’ve had them on a podcast episode talking about innovative ways to afford a down payment
  • Best Way To Reduce Your Credit Card Debt – (remember, you’re trying to get an unfair advantage here) Ask for a credit limit increase, ask for an annual fee to be waived and ask for a lower interest rate. Here’s a link to the Creditcards.com report with some of the statistics

Ask Shannah – big thanks to Hilary for the question about rebounding from a financial crisis

Shout Out To Our Sponsor:

Thanks To Audible for sponsoring the podcast. Audible is offering MM listeners a free audiobook with a 30-day trial membership. Just go to audible.com/mymoney and browse the unmatched selection of audio programs – download a title free and start listening. Go to audible.com/mymoney or text mymoney to 500-500 to get started today.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Have an Ask Shannah question, submit it here.

Want More:

Securing and Protecting Your Finances In The Cashless Society – Joe Daly

Let’s talk about a “tough” money subject  – security and fraud prevention.

It’s on everyone’s mind, even though our cashless society is pretty convenient for us all. The payments innovation landscape is rapidly broadening to encompass innovation ranging from mobile payments to biometrics (as exhibited by Apple’s recent announcement) and even voice-activated payments – but the question remains, can you trust these new technologies for payments?

On This Podcast Episode:

I’m going straight to the expert, Joe Daly (COO, Paysafe Payments Processing, North America), to find out how you can stay save in this cashless society. On this episode we’re talking about topics that we’re all trying to figure out including:

  • Cashless Future – Millennials are the driving force behind a cashless society, but you expect high-performance and security from your alternative payment options before you completely abandon traditional payment methods.  How can you balance that?
  • Convenience Above All – In 2018, millennials will drive digital wallet adoption due to this generation’s preference for convenient payment methods. How do you stay safe?
  • Alternative Payment Technologies – Although Paysafe research found 31% of 18 – 34 year-olds already use cryptocurrencies from time to time, Millennials will not be a driving force behind standardizing cryptocurrency as a mainstream payment. Why is this?

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. Every listen means so much to us. If you’ve enjoyed this episode, please share it on social media using the hashtag #millennialmoneypodcast.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

Posted in Podcast, Quick Tips | Comments Off on Securing and Protecting Your Finances In The Cashless Society – Joe Daly

The Power Of Your Money Story

What if I told you that your money story was set in motion by the time you were age 7? It’s so easy to over look the power of your money story and think that the decisions that you make around money are in a vacuum – but they aren’t. What we think, how we act, and how we feel about our own money situation has a great deal of impact on the success of our financial future. 

On This Podcast Episode:

  • What are the effects in our life in regards to our money story
  • How can we work to reframe and change our money story
  • How does our money story show up in relationships
  • What are the common triggers caused by our money story that lead to overspending

Shout Out To Our Sponsor:

Freshly is a weekly prepared-meal service that delivers fresh (never frozen) all-natural meals, developed by their team of chefs and nutritionists. They’re fully cooked so all you have to do is heat ‘em up—each meal is ready to eat in only 3 minutes.

Try Freshly today and get $40 off your first 2 weeks. It’s Freshly’s best offer ever and is only valid for a limited time. Just go to freshly.com/millennial to save $40 on your first 2 weeks of deliveries or enter code millennial at checkout. Order today and skip the grocery shopping, meal prepping and cooking. Shipping is always free.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

 

Black Friday Shopping Secrets

Out of all Americans, 44.1% are planning to spend an estimated $59.57 billion on Black Friday and Cyber Monday sales this year. That’s an average $550 each. Did you know that Black Friday might not be the day with the best deals? Find out what day you should be shopping and a few other Black Friday secrets to make sure you’re getting the best deals while still being bff’s with your bank account.

On This Podcast Episode:

  • Let’s talk about ways to battle emotional shopping this holiday season
  • Learn why you MUST have a plan and a strategy when you’re shopping
  • Let’s talk technology that will help you maximize (or minimize) your purchases
  • I’m dishing my 5 tips that you must implement to make your bank account happy while you’re shopping

Links Mentioned:

Shout Out To Our Sponsor:

Freshly is a weekly prepared-meal service that delivers fresh (never frozen) all-natural meals, developed by their team of chefs and nutritionists. They’re fully cooked so all you have to do is heat ‘em up—each meal is ready to eat in only 3 minutes.

Want to get two weeks of meals cooked for you at $40 off? Go to Freshly for $20 off each of your first two orders and use code millennial at checkout. Shipping is always free.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

End Of The Year Money Checklist – Doug Boneparth

In case you haven’t noticed, we’re nearing the end of 2017. It’s hard to believe for sure. The end of the year is a great to start checking off some to-do items on your money checklist. Between all the Hallmark holiday movies, eggnog, and too much turkey, be sure to carve out some time to create your end of the year money checklist and then get to checking things off your list.

On This Podcast Episode:

My friend, fellow Certified Financial Planning Professional at Bone Fide Wealth, and The Millennial Money Fix author, Doug Boneparth, joins me on this podcast episode where we focus in on what you need to be thinking about for your end of the year money checklist.

  • Find out why it’s so important to get your financial house in order this time of year
  • Why now is a great time to top off your retirement accounts (or create one)
  • Learn a great formula to becoming a goal master
  • We’ll talk end of the year benefit elections and more

Big Thanks To Our Sponsor:

Our friends at Care/of. Find out what vitamins are right for you. Go to takecareof.com and take a short quiz to get your personalized vitamin recommendation. Use offer code MONEY at checkout for 50% off your first month of vitamins.

Thanks for Tuning In:

Thanks for tuning in to listen to this episode of Millennial Money. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media.

Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!

Want More:

Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) and financial strategies may be appropriate for you, consult your financial adviser prior to investing. There is no assurance that the techniques and strategies discussed are suitable for all investors or will yield positive outcomes.

 

 

 

 

Posted in Podcast, Quick Tips | Comments Off on End Of The Year Money Checklist – Doug Boneparth

1 2 3 4 5