124: How to Build Wealth at Every Age
Whether you think you're too young or too old to start building your wealth, you're wrong. There are several key steps you can take at every age to create financial freedom and security for whatever your heart desires. On this episode we discuss how to start to build wealth at every age with a decade-by-decade guide on how to grow your wealth.
52m Apr 16, 2023
52m
123: Is Your Cash App and Other Digital Money Safe?
First there was the collapse of Silicon Valley Bank and Signature Bank. Then Credit Suisse was sold to UBS. And this week, the CEO of Cash App was murdered, prompting many people to speculate if Cash App would be next to go out of business. On this episode we discuss digital wallets and digital currency. In a world where our financial building blocks seem to be crumbling all around us, what do ...
49m Apr 09, 2023
49m
122: Momma I'm a Millionaire
So many people have the goal of being a millionaire or at least having a million dollars saved in the bank but what does a million dollars really get you? Is it enough for you to leave your job? Will a million dollars guarantee you the ability to "live your dreams"? We have the answer on this podcast episode as we walk you through what $1,000,000 really means and if it's even enough.
53m Apr 02, 2023
53m
121: Robbing Peter to Pay Paul
Life happens! You lose a job, have an accident, get a divorce, or expenses just creep up on you and before you know it... you're broke! And when you're at your lowest point, financially, it's very easy to feel completely overwhelmed and have no clue how to start to dig your way out. On this episode we talk you through what to pay, how to strategize, and the right attitude to have during this te...
51m Mar 26, 2023
51m
120: What Happens When the Banks Fail
Silicon Valley Bank--and Signature Bank--failed over the weekend and now everyone is in a panic. But should they be? On today's episode we not only discuss why these two banks failed but the history of bank failures in the United States and how to protect yourself if this happens at your bank(s) in the future.
49m Mar 19, 2023
49m
119: My Parents Are Moving In
Are you a fan of multigenerational living because of the ability to pool resources and builder a stronger relationship between the grandparents and the grandkids? Or are you a part of the "sandwich" generation who has had to move a parent in due to their failing health or lack of finances, and now you find yourself, unexpectedly, supporting your children and parent(s)? Whether you're a part of ...
52m Mar 12, 2023
52m
118: Are You Buying, Selling or Staying?
One of the most common steps in building personal--and generational--wealth, is buying a home. And while that's always been a complex transaction to navigate it's only gotten more difficult in today's climate. Interest rates continue to climb. Is it still a seller's market? What about inflation? How much has my home appreciated? And don't forget about rising property taxes. On today's episode w...
53m Mar 05, 2023
53m
117: Birthday's and Black History
Today we celebrate our favorite co-host, Allan Boomer, as we observe his birthday and allow him to take over today's episode and talk about what he loves best: Black history. Today's unconventional episode doesn't talk about finance or wealth management at all but instead, highlights the legacy of Black people and the unspoken progress we continue to make in the United States. Happy Birthday Al...
51m Feb 26, 2023
51m
116: It's Time to Ask for Help
Everyone makes mistakes when it comes to money--no matter how much or how little you have of it. Yet, money remains one of those common subjects where people never feel comfortable asking for help until it's way too late. On this episode, we discuss why it's so hard to ask for financial help, overcoming that, and how to successfully get the help you need. Because whether you like it or not, ask...
56m Feb 19, 2023
56m
115: The Curious Case of Allan's Lost Wallet
Two weeks ago, Allan lost his wallet outside of his local bagel shop. Within two hours of losing his wallet, all of Allan's accounts were hit with multiple transactions totaling several thousands of dollars in losses. On this episode, we will discuss what to do if your wallet is lost, how to prepare in advance and also best practices to protect your identity from fraud.
52m Feb 12, 2023
52m
114: Quarterly Market Commentary: Beauty & the Beast--and Beyoncé
On this episode we are sharing our proprietary market commentary for the last quarter and our projections for the year ahead. We discuss the blood bath that has taken place in the market but how and why we're optimistic for the year ahead. Tune in to hear what you can expect from your portfolio, what's getting more expensive, and what may be getting cheaper. And oh yeah, Beyoncé!
55m Feb 05, 2023
55m
113: The New (Tax) Sheriff in Town
It's tax season and this year things are going to look very different. There have been major changes to the tax laws and it's a guarantee that you're going to feel it--good and bad. Tune in to this episode to learn why your tax refund may be a lot less this year and how your portfolio's tax strategy just received a major boost. We also answer the age old question of how "the wealthy" avoid payi...
49m Jan 29, 2023
49m
112: Bump Your Bank
Statistics show that, on average, Americans stick with the same banking institution for over 17 years. That is longer than the average marriage. The question we are asking is: Why are we so loyal to banks that are rarely loyal to us--and should we be? The answer is discussed thoroughly on this episode as we highlight our issues with banks, why it's time to branch out, and what your options are.
53m Jan 22, 2023
53m
111: The Inflation Diet
In 2022, inflation reached levels unseen in four decades. But prices ballooned more rapidly for certain items than others, largely concentrated among food, fuel and airfare. On this episode we talk specifically about how inflation is impacting your weekly spending, the real reason behind these dramatic price increases, and how long we think it's going to last.
54m Jan 15, 2023
54m
110: Damar Hamlin, the NFL, and Income Protection
This week we all watched in awe as Damar Hamlin was given CPR multiple times on national TV. Hamlin, who was immediately treated after going into cardiac arrest during Monday Night Football, has shown “remarkable improvement” but, what will happen to his finances if he never plays football again? And for you the listener: what will happen to you and your family if you suffer an injury that keep...
52m Jan 08, 2023
52m
109: Increase Your Network to Increase Your Net Worth
Happy New Year! We normally discuss the “hardware” of improving your net worth but, it is equally as important to focus on the “software.” When we think about our personal success a lot of it has to do with not just what we know but, also WHO we know. On this episode, we break down the value of a strong network, who you should be building relationships with in 2023, and how to do it effectively...
56m Jan 01, 2023
56m
108: Christmas Shenanigans
It's Christmas day and all we want to do is have fun with you guys. Tune in for a laid-back episode of holiday cheer, laughs, and even more of our usual antics. Merry Christmas y'all!
53m Dec 25, 2022
53m
107: How Safe Are Your Accounts?
The collapse of crypto exchange FTX raises a question for every saver and investor: what happens to your money if the company that holds your account goes under? On this episode we explain how safe your accounts are no matter where they are and, who has your back in the case something smells fishy. That goes for a bank, brokerage firm, retirement account provider, etc. So if you've been leery a...
54m Dec 18, 2022
54m
106: Til Death Do Us Part... or Nah
Although it's an unfortunate topic, divorce is a common reality that a lot of couples are facing right now. There are a variety of reasons why but the divorce rate has nearly doubled since the 1990s and has grown even more for couples age 50 or older. On this episode, we walk you through the factors you need to consider and the financial steps you need to take to better navigate an already diff...
55m Dec 11, 2022
55m
105: Christmas Gift Giving
"It’s the most wonderful time of the year..." again and so most of us are starting to gear up for gift-giving season. What is your plan of attack: Do you put a list together in advance, are you freestyling it, or do you wait to the last minute and let the spirit move you? Whatever your plan is we can make it a lot better by sharing top strategies for saving money during the holidays and financi...
53m Dec 04, 2022
53m
104: Resilience and Grit Are Key
Have you ever been hit with an obstacle on your wealth journey and were unsure of the one thing you need to recover? We have the answer: Resilience! On this episode we talk about the intangible asset you need to accomplish all of your financial, professional, and personal goals.
53m Nov 27, 2022
53m
103: Crypto Crash
There has been a ton of news this week about FTX Crypto Currency Exchange, which filed for bankruptcy this week and a lot of people lost a lot of money. It lead us to the realization that we have never discussed cryptocurrencies and it's finally time to have "the big talk." On this show we will break down crypto, blockchain, the FTX scandal--as well as a few other major crypto scandals--and how...
54m Nov 20, 2022
54m
102: Elections, Politics the Discotheque
Even though the votes are still being counted, midterm elections are done. We don’t know who will be in charge of the Senate or the House just yet. A few states are requiring a runoff election. And there's still a lot of overall uncertainty. But one thing we do know for certain is that this--and every election--has a very profound impact on your wallet today and in the future. On this episode w...
53m Nov 13, 2022
53m
101: We're in a Flood and a Draught
It's standard financial teaching that stocks are high risk and bonds are relatively safe. Well this year both are erratic and acting very risky--but for completely different reasons. On this episode we will discuss what's going on, why, and exactly what you should do about it.
48m Nov 06, 2022
48m
100: Our 100th Episode
It's out 100th episode and we've decided to celebrate with all of our listeners. We are taking the day off from teaching and advising to have some fun answering completely unexpected questions about ourselves. Tune in to learn more about your Momentum Advisors as we enjoy Episode 100.
54m Oct 30, 2022
54m
99: The FAFSA or the SHASTA?
If you have a child heading to college soon it's likely that you'll be filling out a Free Application for Federal Student Aid, better known as the FAFSA. Most parents hate the thought of filling out such a long, confusing, pointless application; especially when you think your child won't qualify for financial aid or, you don't even know what school your kid is going to. Guess what? You're compl...
53m Oct 24, 2022
53m
98: The Oxpecker, Rhinoceros, and New Entrepreneur
Symbiosis is a close relationship between two species in which at least one entity benefits from the other. Often times we initially think about the instances where this relationship is negative but ,on this episode we highlight positive, wealth-building symbiotic relationships for potential or existing entrepreneurs. Specifically those where small business or independent contractors can partne...
56m Oct 16, 2022
56m
97: Stocks: The Prequel
What's a stock? What's a return? Yea, most of us know the answers to these questions. But how do you get a stock to pay you rent? How do you find the really "cheap" stocks where you make your money back really quickly? These--and some important others--are the answers we really want you to know before you ever buy your first share. Thankfully, it's never too late to learn.
57m Oct 02, 2022
57m
96: What You Must Know Before You Start Investing--That Most People Never Learn
Most people have a basic understanding of how to invest their money: open an account, buy some stocks, bonds, or other investment vehicles. Well, there's a lot more you need to know before you take these two steps, that are crucial to your overall investment plan. And guess what? Most people don't know them and miss out on all the real benefits to investing. On this episode we tell you the most...
57m Sep 25, 2022
57m
95: The Mis-education (of All of us)
The Mis-education of the Negro, written in 1933, describes how the educational system in America was designed to teach Black people that we are inferior. Leveraging quotes from the book, we explore ALL of the ways we ALL have been Mis-educated in regards to careers, achievement, entrepreneurship and wealth-building
55m Sep 18, 2022
55m
94: Financial Fears
77% of Americans report feeling anxious about their financial situation. Are you afraid to think about retirement, affording a house, or paying for your child’s education? Do you have a poverty mindset or a scarcity mindset? Neither? You're still likely to be dealing with fear and stress around your wealth and financial strategy. This episode helps you identify your financial fears and how to o...
56m Sep 11, 2022
56m
93: 21 Questions (to Ask Your Financial Advisor)
To get the most value from your financial advisor, you must ask the right questions. On this episode ,we provide key strategic questions for you to ask your existing--or future--financial advisor so that you can quickly sort through who is the best fit for you. And just for fun, we answer all of these key questions ourselves so that you know what a suitable answer should sound like.
53m Sep 04, 2022
53m
92: Student Loan Relief? Joe Did.
This week the White House announced Joe Biden's Student Loan Forgiveness Plan and we couldn't be more excited--and confused. On this episode we talk about what the plan includes, who qualifies for student loan forgiveness, and how this impacts student loans moving forward. We also highlight ways to capitalize on this program to get you closer to your overall wealth building goals.
51m Aug 28, 2022
51m
91: Alternative Investments
We've all heard about stocks, bonds, and cold-hard cash but what else should be in your investment strategy? Maybe hedge funds, commodities, or real assets? Are you a luxury watch or rare wine collector? What about baseball cards, comic books, or coins? If so, these are all alternative investments that should be considered a vital part of your portfolio and overall wealth management strategy. O...
55m Aug 21, 2022
55m
90: Living My Best Life
Recently, the Mega Million jackpot was among the largest lottery prizes in history at over $1 Billion. If you were to win the lottery for any amount of money, how much would you need to live your ideal life? This is a question that was recently asked across 33 countries and the answers will surprise you. On this episode, we talk about how much money is "enough" to get you to your best life and ...
55m Aug 14, 2022
55m
89: Opting Out of a Recession
Inflation is at (or near) its highest level in decades and our country’s economic growth declined for two quarters in a row. What does all of this mean? That we may be in a recession. Luckily, you can choose to opt out and not participate. On this episode, we remove the panic and worry from the term "recession" and highlight the things you can do to reduce--or even eliminate--the impact it has ...
50m Aug 07, 2022
50m
88: The Art of Getting Robbed
Robbery can happen to anybody but this week it hit close to home for the Momentum Team—and that pastor on live stream. With our team member we were able to help him quickly recover but it got us thinking, do you know what to do if something like this happens to you. If you’ve been the victim of a theft, burglary, or fraud here are the important steps to take to recoup your losses and ensure you...
56m Jul 31, 2022
56m
87: The Business of Tipping
The world is open and we are all "outside". Not only are we traveling and going out to eat but, we are hiring and utilizing service providers now more than ever. And with all of these experiences comes one common thread: tipping! Are you a good tipper? Do you know when and how much you're supposed to tip? Do you know how vital gratuity is to the economy? Do you know tipping started as a result ...
58m Jul 24, 2022
58m
86: It Ain't All Bad
Everyone is worried about a recession. Inflation rates are rising at a record-breaking pace. The news is telling you the end is near. Layoffs are starting and don't get us started on the supply chain issues. BUT with all of that, there is a lot of positive movement happening in the world right now as it pertains to your financial future and that is what we are highlighting on this episode. We t...
50m Jul 17, 2022
50m
85: How to Travel Better
Yes, we are Financial Advisors but we are also world travelers--especially Tiffany! Today’s show is about saving money and time while traveling this summer all while having a great time.
54m Jul 10, 2022
54m
84: Tiffany's Birthday Celebration: 40 Questions for 40 Years
It is Tiffany's 40th birthday and we are switching things up to learn more about your favorite podcast co-host. On this episode, Allan is allowing the listeners to get to know Tiffany better by asking her forty questions for her 40 years on this Earth. There is no doubt you will be shocked by some of these answers, as Tiffany allows herself to be a bit more vulnerable on air. Happy 40th Birthda...
59m Jul 03, 2022
59m
83: Something's Fishy in the Job Market
There’s a shift happening in the job market--and it's not the one you've been hearing about. While the news continues to highlight "The Great Resignation" you may need to look twice before quitting that job. With more job openings than ever, and the lowest unemployment rate we've had in years, employees may be getting tricked into making less money and receiving less benefits. On this episode w...
57m Jun 26, 2022
57m
82: Celebrating Juneteenth
As we celebrate Juneteenth, brands across the country are launching products, events and marketing strategies to try and cash in on the holiday. Here’s the problem: Monetizing the celebration of Black freedom contradicts the very sentiment that drives Juneteenth. Black people were among this country’s first forms of currency, and the celebration of Juneteenth reminds us of that not-so-distant p...
51m Jun 19, 2022
51m
81: HENRY to HER, Part Two of High Income to High Wealth
Last week we started talked about how to transition from high income to high wealth. On this episode we continue that conversation to help you build wealth in all areas of your life; because your financial wealth can easily be eclipsed by lack of wealth in several other areas. Tune in to learn about why you don't want to be a H.E.N.R.Y. all of your life; and how you really want to become a H.E.R.
55m Jun 12, 2022
55m
80: Going from High Income to High Wealth
Are you finally in a position where you're receiving a great income? Where you're making more than you've ever made before and you are now feeling a lot more comfortable affording your wants and needs. If so, the big question is: but are you building wealth? On this week's episode we discuss how people who are finally making “good money” can transition from simply making a substantial income to...
56m Jun 05, 2022
56m
79: Your Investments are (Probably) Funding Gun Violence
In the aftermath of several mass shootings in one week, many Americans want to do something--anything--to help but, feel helpless. Petitions, donations and voting are all clear ways to start a path towards change but there is a very effective and immediate impact you can have from the comfort of your living room: changing your investments. Most investors are completely oblivious to how they are...
59m May 29, 2022
59m
78: It's Time to Fight Back
Although we've talked about how to hedge against inflation before, we have NEVER seen anything like this. Inflation is up 8% - 14% from just last year on every day items like water, fish, produce. This is no longer something you can ignore or budget for; inflation at this pace is requiring you to fight back! On this episode we talk about ways to fight against short-term and long-term inflation ...
57m May 22, 2022
57m
77: Scammer Vibes
The emergence and domination of social media, peer-to-peer payments, rideshare platforms and online networking has created the perfect environment for scams. Americans are getting scammed out of their money at an alarming pace and oftentimes they don't even realize it. On this episode we are bringing awareness to the most popular scams of 2022, that we are almost positive you--or someone you kn...
50m May 15, 2022
50m
76: Blood in the (Financial) Streets
The global stock market is down around 13% and the bond market is down 10%. In the last 45 years, there has only been one other year when stocks and bonds were down at the same time. What should you do? Stick with the plan even though the world looks bleak? Or abandon ship? On this episode we tell you what to do and the benefits of being a contrarian.
55m May 08, 2022
55m
75: Is the Government Moving the Needle on Your Finances?
Whether you believe it or not, the government has been very busy--and what they've been working on should put a little extra change in your pocket. On this episode we talk about The Secure Act 2.0, new tax breaks, emerging 401k benefits from employers and (actual) student loan forgiveness.
55m May 01, 2022
55m