100 episodes

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast Money Talks News

    • Business
    • 4.4 • 80 Ratings

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

    What a Pole Dancer Can Teach Us About Managing a Variable Income

    What a Pole Dancer Can Teach Us About Managing a Variable Income

    If you're on a steady salary, creating a spending plan is straightforward, because you know both what's coming in and what's going out every month.
    But what if you don't have a stable salary? What if you're one of the millions of Americans who do side work or own a business or get paid commission?
    For you, a variable income is just part of the deal. This is also true for people who depend on tips, like bartenders, Uber drivers, servers -- you name it.
    So, how are you supposed to budget or create goals when you don't know how much money you're going to make tomorrow, much less next month or next year?
    Let's find out. In today's podcast, we're going to tackle the topic of creating a stable budget with an unstable income.
    As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our guest is Barbara Sloan, a former exotic dancer and the author of "Tipped," a book about financial empowerment for service industry workers.
    Be aware that nothing you hear on this podcast constitutes financial advice. Always do your own research and consult your own experts before acting on anything you learn here.
    You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
    Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
    What kind of career do you have?
    We tackle some of the main things you need to be aware of when you work in a career that features a variable income. Barbara's book, Tipped, takes you through what you need to know as well.
    If you're looking for a new career or source of income, check out some of our articles on different jobs and side hustle ideas.
    The Ultimate Guide to Building Freelance Income Side Hustle Success: Financial Freedom From Lipstick and Bras 7 Tips for Getting a Great Part-Time Job in Retirement Calling All Night Owls: 14 Jobs for People Who Like to Stay Up Late 16 Early-Morning Jobs for People Who Wake Up With the Sun 10 Companies That Hire Part-Time Proofreaders and Editors 7 Things You Need to Know About How to Get a New Job in 2023 4 Tips for a Modern Online Job Search 25 Companies Switching to Permanent Remote Work-From-Home Jobs 9 Top-Paying Side Hustles Where You Could Earn More Than Full-Time Work Why You Can Benefit From a Career Coach Get more from your money
    Don't forget about money moves you can make, no matter what your income looks like. Here are some of our best resources for budgeting, saving, investing and spending your money.
    6 Things Every Self-Employed Worker Should Know About Taxes Money Tight? 4 Legit Ways to Bring in Extra Cash Keep Your Money and Health on Track With These 9 Apps 32 Inflation Hacks to Save You Money in an Economic Downturn 10 Depression Era Hacks and Frugal Living Ideas to Save Money Now 10 Ways to Change Bad Spending Habits and Save Money The 5 Best Budgeting Apps to Get Your Finances Together 8 Surprising Ways to Become Richer Within the Hour Your Guide to Alternative Investments Where Stocks Are Going in 2023 and Where You Should Invest Now 7 Things You Should Know Before Investing in I Bonds The 60/40 Investment Mix Is Dead – or Is It? Meet this week's guest, Barbara Sloan
    Barbara Sloan is the author of the book Tipped: The life changing guide to financial freedom for waitresses, bartenders, strippers, and all other service industry professionals.
    Barbara was a homeless teen, who danced for dollars, and definitely did not graduate from college. She spent two decades working in every imaginable position in the service industry all over the country and learning about money on her own.
    In addition to owning and running a construction company in the heart of Manhattan, she

    • 39 min
    5 Things You Need to Know Before Starting Your Business

    5 Things You Need to Know Before Starting Your Business

    Welcome to Money Talks News, the podcast making you richer one day at a time.
    Close to 61% of Americans have a business idea, but it can be tough to actually take the next step. Plus, what happens if you make a major mistake and fail?
    In this episode, we're talking about how to avoid major blunders when starting a business with special guest Jaspreet Singh from The Minority Mindset.
    You can download the episode wherever you get your podcasts:
    Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
    Starting a business can have benefits
    Stacy, podcast producer Aaron Freeman and Miranda all run their own businesses, and this week's guest, Jaspreet, talks about his. Interestingly, money isn't the only reason people start a business although it's certainly a major one. Freedom and flexibility are also reasons to get started, as well as the desire to diversify income and leave the corporate grind.
    You might be surprised to learn that you can start a business for $1,000 or less. In fact, Jaspreet points out that one of the best things you can do with your business is to get started and aim to make your first $1,000 and figure out the rest later.
    Even if you think of your business as a side hustle, it can still make sense to consider its benefits and focus on those as you create your plan for the future.
    Avoid these business mistakes
    We also talk about the biggest business mistakes to avoid as you get started. Jaspreet points out that mistakes can be expensive, so it's better to learn from others so you know how to avoid the worst business blunders.
    Some of the business missteps we cover in this episode include:
    Not planning for taxes, including Miranda's mistake of forgetting that state governments levy taxes on top of your federal taxes. Failing to understand where to invest time and money in your business. Jaspreet talks about how so many people get hung up their logo and business name and never even get started. He shares some of the most important things to focus on. Forgetting to think about who you plan to serve and what you have to offer. Not putting together a marketing plan. You can have the best business idea in the world, but if you don't have a plan to reach those who need it, you won't be successful. Meet this week's guest, Jaspreet Singh
    Jaspreet is a licensed attorney and the Chief Executive Money Nerd at the Minority Mindset Companies and the host of the Minority Mindset YouTube Channel. Although he didn't receive any formal financial education. He's on a mission to make financial education fun and accessible.
    During the launch of his sock company, he was scammed by a marketing company which cost him thousands of dollars. This scam pushed him to start an educational social media page called Minority Mindset. The Minority Mindset implies thinking differently than the majority of people. It's not a racial minority.
    He started the Minority Mindset YouTube Channel as a hobby to teach others how not to make the same mistakes he made.
    Now, the Minority Mindset brand has grown into a number of companies, including Briefs Media and Market Insiders.
    Website Twitter YouTube Facebook Instagram TikTok Don't listen to podcasts?
    A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
    You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
    If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
    About the hosts
    Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also ear

    • 45 min
    Five Tips On Getting Richer by Organizing Your Finances

    Five Tips On Getting Richer by Organizing Your Finances

    In this episode of the Money Talks News podcast, we're talking about how organizing your money can make you richer and how to get there with the least possible pain.
    This will probably come as no surprise, but according to a recent survey, only 23% of Americans have a formal financial plan. And you can probably guess why: 76% of those without a plan say they feel overwhelmed by the thought of creating one, and 56% say life is too uncertain for a plan to have any value.
    That's a bummer because having a plan for your money can lead directly to having more money. And as we like to say around here, more money is better.
    That's why this week's guest is going to help us get our money ducks in a row.
    Host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. Our special guest today is Alissa Maizes, the founder of Amplify My Wealth, a registered investment adviser.
    Remember, this isn't financial advice. So make sure to do your own research and consult your own experts before acting on anything you learn here.
    You can download the episode wherever you get your podcasts:
    Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Better organization in finances and in life
    Getting organized can help you in lots of ways, including your finances. From using containers to organize your stuff to using an app to organize your money, we've got tons of tips and resources for you.
    How to Organize Your Finances, Step by Step 10 Ways to Get Your Financial Life in Order Frugal Living Guide: How to Have Less Stuff and Save Money 17 Products to Keep Your Car Clean and Organized Get Organized Using Containers You Already Own 10 Ways to Reuse Takeout Containers How to Organize a Home Office on the Cheap 10 Set-Up Essentials for Working From Home Organize Your Home With These 10 Thrift Store Finds 12 Smart Tricks to Organize Every Room of Your Home 17 Things You're Keeping for No Reason — and Should Toss 14 Things We Buy and Then Almost Never Use How to budget for more organized finances
    A budget, or spending plan, can be a great way to stay on top of your finances. We talk about that in this podcast episode, but there are plenty of other resources available on Money Talks News. Here are some of our articles that can help you better budget and keep track of what's going on with your money.
    How to Create a Budget You Love: 5 Things You Need to Know How to Use the 50/20/30 Rule as Your Budgeting Plan 10 Top Budgeting Lessons to Improve Your Money Management How to Create a Budget You Love: 5 Things You Need to Know The 5 Best Budgeting Apps to Get Your Finances Together How to Create a Realistic Retirement Budget 4 Tips for Setting (and Sticking to) a Vacation Budget 4 Money Conversations to Have With Your Partner When You Budget 10 Tips to Travel Abroad on a Budget (for Weeks at a Time) 9 of the Best Ways to Save Money on a Tight Budget 25 Tax Planning Tips for Now and the Future Start Planning Your 2023 Vacations With These Cards Financial Advisers Say These Are the Top 10 Retirement Planning Mistakes Meet this week's guest, Alissa Maizes
    Alissa is a licensed attorney and registered investment adviser providing women and young adults with financial advice and a plan that embraces the life they want.
    Alissa launched Amplify My Wealth to enable you to benefit from receiving financial advice, a financial plan and a partner that guides you on your journey to living the life you want. Her approach eliminates the traditional "waiting game" for clients who otherwise would be unable to avail themselves of having a fiduciary financial adviser that puts their needs first.
    Website Instagram LinkedIn Don't listen to podcasts?
    A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone or by listening online. They're awesome for learning stuff and being entertained when you're in the c

    • 28 min
    5 Steps for Retiring Into a Life You’ll Love

    5 Steps for Retiring Into a Life You’ll Love

    Most people expect to retire one day, and while they may have images of their future selves perfecting their golf game and hitting Wimbledon-worthy serves, let's face it: There's only so much golf and tennis you can play before becoming bored.
    In fact, if you don't find some purpose beyond work after you retire, you could literally be at risk of dying sooner!
    Today, we're talking to Nicholas Yeomans, CFP and president of Yeomans Consulting Group. We're going to discuss a new type of retirement. One where you find passion and purpose, stay engaged, and best of all, stay ALIVE!
    You can download the episode wherever you get your podcasts:
    Listen on Apple Podcasts Listen on YouTube Music (formerly Google Podcasts) Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
    What will your retirement look like?
    So often, we recognize that we need to save for retirement, but we don't often stop to think about what it will look like. What will you do during retirement? How will your lifestyle change?
    Our guest, Nic, talks about The Millionaire Next Door, and the fact that you can develop a lifestyle that leads to a fulfilling retirement. Don't forget to go back and listen to our episode with Thomas J. Stanley's daughter about the latest millionaire lifestyle trends you can use to create a life you can enjoy.
    We also go through some of the different things to consider as you plan for retirement—including your lifestyle preferences. Some of the items we address include:
    Cultivating and maintaining meaningful friend and family relationships How to plan for better health and cover health care costs in retirement Where the retirement income to support your lifestyle will come from What you need to know about maintaining your mental health How to have intentional conversations about money and what you want to do in retirement with your partner The whole point of retirement is to enjoy your later years. But too many people don't actually think about what retirement looks like. Our guest takes us through the most important things to consider, so you know how to take the next steps.
    Planning for retirement income
    Once you've figured out what matters most to you in retirement and what you want it to look like, you need the money to make it happen. With our guest, we discuss how to map out your income, including a debate over the 4% rule, mention of annuities, and how to invest for a bigger nest egg.
    Don't forget that you can learn how to spend less, save more and grow your income to work toward your goals. The reality is that understanding what you want from your retirement can help you visualize the results and keep you on track. That's why it's so important to understand your values and how you want your retirement to look so that you remain motivated.
    Meet this week's guest, Nicholas Yeomans
    Nicholas "Nic" Yeomans, CFP, is President of Yeomans Consulting Group, Inc., a registered investment advisor (RIA) based in Marietta, Georgia serving pre-retirees, retirees, family businesses, and professional real estate investors.
    As a Certified Financial Planner (CFP®) and fiduciary, Yeomans specializes in tax planning, estate planning, and retirement income strategies, providing clients with education and understanding so they can make important financial decisions for a successful retirement. With more than 20 years in the financial industry, Yeomans considers himself a "retirement coach" and is passionate about providing guidance to those seeking lasting financial security by finding opportunities to build financial legacies that benefit them for years to come.
    Website Facebook Instagram LinkedIn
    Don't listen to podcasts?
    A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, d

    • 43 min
    How to Reach for Financial Freedom with House Hacking

    How to Reach for Financial Freedom with House Hacking

    Episode 165 webpage and links.
    What if you could live in your home while someone else pays the mortgage? That's the idea behind house hacking.
    House hacking refers to living in a home or multi-unit while renting out part of it. Dedicated house hackers say it's a great way to lay a foundation for a real estate empire—one that can catapult you to financial freedom. But will it work for you? Let's find out.
    As usual, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week's guest is Robert Leonard, the author of The Everything Guide to House Hacking.
    Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations because they're not. Before investing in anything or making any money moves, do your research and make your own decisions.
    You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
    Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.
    What is house hacking?
    In this episode, we talk about house hacking and the different forms it can take. From buying a home and living in it while you fix it up to purchasing a multi-unit property and living in it while your tenants pay the mortgage, there are different ways to get more from your primary residence.
    Other real estate-related links:
    Learn about the 10 Things Preventing People From Buying a Home Today Listen to our podcast episode on 5 Ways to Cash in on Real Estate Ready to retire? Read our article on 8 Ways to Invest in Real Estate for Retirement You don't need a lot of money to start investing in real estate: How to Get In on Real Estate Investing Even If You Don't Have Much Money Wondering whether to focus on stocks or real estate? We break it down with this podcast episode: Which Is the Better Investment: Stocks or Real Estate? Looking for more ideas to make money? We've got some, including real estate, in 6 Clever Ways to Build Wealth Outside the Stock Market What can you expect from real estate in the future?
    Is now the right time to invest in real estate? Or should you wait? Before making that decision, check out our resources on what you need to know.
    Is the Housing Bubble About to Burst? The Top 10 Emerging Real Estate Markets Right Now 14 Markets Where Home Prices Could Plummet by 30% Is It Time to Buy Real Estate? 10 Housing Markets That Are Most Likely to Keep Their Value And, if you're not sure about real estate, you can also turn to the stock market. It's pretty shaky right now, but that doesn't mean you can't make the most of it. Check out our podcast episode on 5 Things You Need to Know About This Horrible Stock Market.
    Meet this week's guest, Robert Leonard
    Robert Leonard is the vice president of growth at The Investor's Podcast Network, podcast host of "Real Estate 101" and "Millennial Investing," founder and managing partner of Piranha Capital, and founder of EverythingHouseHacking.com. He earned an MBA in accounting and finance and a BSBA in finance and economics, and is a certified management accountant (CMA).
    Robert's book Robert's Instagram Publisher Instagram Robert's podcast network Don't listen to podcasts?
    A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
    You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.
    If you haven't listened to our podcast yet,

    • 33 min
    5 Tips for Women to Build a Successful Business

    5 Tips for Women to Build a Successful Business

    In this episode of Money Talks News, the podcast explores the history and importance of financial independence, particularly for women, with special guest Jannese Torres. Jannese shares her personal journey from a toxic marriage to financial independence and discusses her award-winning podcast 'Yo Quiero Dinero,' which aims to educate women about financial literacy. The conversation covers effective financial strategies, side hustle ideas, the significance of legal agreements like prenups and postnups, and the psychological benefits of paying yourself as an entrepreneur. Jannese also introduces her new book, 'Financially Lit,' designed to guide Latinas through various financial challenges.
    00:00 Introduction to Financial Independence
    00:26 Meet Janice Torres: From Toxic Marriage to Financial Freedom
    00:46 The Accidental Personal Finance Educator
    01:28 The Birth of 'Yo Quiero Dinero' Podcast
    02:30 Why Financial Independence is Crucial for Women
    03:51 Practical Tips for Financial Freedom
    04:46 Overcoming Bad Money Habits
    07:07 Exploring Side Hustles and Income Streams
    12:04 Success Stories and Entrepreneurship
    17:26 Overcoming Public Speaking Anxiety
    18:41 Building a Freelance Writing Career
    19:58 Understanding Social Media Marketing
    22:27 Financial Management for Entrepreneurs
    24:31 The Importance of Prenups and Postnups
    31:23 Conclusion and Final Thoughts
    You can download the episode wherever you get your podcasts:
    Listen on Apple Podcasts Listen on Google Podcasts Listen on Spotify Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.
    Building a business to improve your money choices
    Did you know that a woman's right to get a credit card without the signature of a man is only 50 years old? It's true. Until the passage of the Equal Credit Opportunity Act in 1974 financial institutions could discriminate against women who didn't have a male cosigner. The right for women to get a business loan without a male cosigner is even later—1988. 
    For women, having money can be especially important, but everyone can benefit from starting a business for income stability and a shot at a better life. Owning your own business can also facilitate:
    Leaving a bad job or just getting a better job Walking away from a toxic relationship Moving to a better situation Build an emergency fund Even if you don't plan to use a business to replace a day job, having a side business or other type of income diversity can expand your choices. It can be part of your financial independence journey. Regardless of where the money comes from, our article on building a financial plan for the life you want can help you figure out how to establish your priorities and make money choices that work for you.
    Tips for building a successful business
    This episode includes practical tips for building and protecting your business. For more ideas on getting started, check out our podcast episode on how one man built a business empire by selling lipstick and bras.
    Jannese shares some of her best tips for getting started, including:
    Understanding what you have to offer potential customers and clients Focusing on going to where those who need you actually are, including being choosy about which social media platforms you spend time on Choose your advertising strategy based on where customers and clients are likely to be Create compelling content Don't forget about business planning, including planning for taxes and creating a separate bank account to handle business income and expenses Look into different legal insurance, business insurance or other insurances you need to protect your business If you're planning on getting married, get a prenup that protects your business assets and preserves them for you in the event of a divorce Consider a postnup if you start your business after getting married Don't be afraid to talk about money We also talk about the difference be

    • 34 min

Customer Reviews

4.4 out of 5
80 Ratings

80 Ratings

DBKWi ,

Favorite

This is my favorite money related podcast. The advice is always good and practical and the personalities offer varied points of view. And there is humor which makes it an especially fun listen!

laughingshark ,

Great episode about fomo

I learned so much today. Thank you

OlingerJ ,

Long Time Fan

Enjoy listening to this Money Talks News podcast along with others like Ramsey Show etc. Offers tremendous amount of news, trends, and financial concepts and terms with lots of explaining in simple to understand talk. Very educational and would definitely recommend to anyone interested in learning more about spending, saving or investing.

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