169 episodes

Best friends Joel and Matt believe that when you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

How to Money iHeartRadio

    • Investing

Best friends Joel and Matt believe that when you handle your money in a purposeful, thoughtful way that works for your lifestyle, you can really start living a rich life.

    Ask HTM - Paying Off Balance Transfer Cards, Emergency Funds while House Hacking, and What to do when Inheriting a 401k #168

    Ask HTM - Paying Off Balance Transfer Cards, Emergency Funds while House Hacking, and What to do when Inheriting a 401k #168

    This week on the podcast we’re answering your questions! And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/
    1 - Should I pay off my credit card debt that has a 0% interest rate?
    2 - How much money should I have in my emergency fund since we’re house hacking with a duplex?
    3 - What do I do with money that I’ve inherited as a 401k?
    4 - Does whole life insurance make sense for me?
    5 - What does it mean if I don’t have a credit score?
    During this episode we enjoyed a Blair’s Breakfast Stout by Wilmington Brewing Company - a big thanks to Matt’s uncle in-law John for donating this beer to the show. And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
    Best friends out!
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    • 45 min
    Are Experiences Better Than Stuff? #167

    Are Experiences Better Than Stuff? #167

    You won’t be surprised to hear that we’re critical of the consumeristic society we live in. Our culture wants us to believe that buying things will lead to greater levels of happiness. And maybe we’ve been convinced because 70% of the overall economy is driven by consumer spending. Here’s an alternate take though: our generation seems to value experiences more than stuff, but are experiences a better use of our money? Will we be able to find more happiness through greater spending on a cool trip or nicer clothes? Regardless, we definitely want to put our money towards the things we actually value because it turns out that the far reaching effects of mindless spending can leave you broke and wanting more from your experiences and stuff.
    During this episode we enjoyed a Divided Sky Rye IPA by 4 Hands Brewing - a big thanks to Justin for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
    Best friends out!
    Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

    • 43 min
    Achieving Financial Independence in the Military with Doug Nordman #166

    Achieving Financial Independence in the Military with Doug Nordman #166

    Our guest today, Doug Nordman starts every morning by checking the surf forecast to see how he’s going to spend the day. He and his wife are financially independent and live on the island of Oahu, which is a surfer’s paradise! Doug was able to achieve this amazing life by taking advantage of the financial benefits offered to him by the military, as well as through standard practices like budgeting and investing extra money towards retirement. He was enlisted in the Navy where he had a career as a submariner, and now he writes about money over at The-Military-Guide.com. And while most all of us have a chance to become financially independent, Doug believes members of the military are even better positioned for financial success. We’ve never had a member of the armed forces on the show before so we’re excited to hear some of the unique money challenges and advantages that members of the military experience.
    During this episode we enjoyed a Bodhizafa by Georgetown Brewing Company - a big thanks to Richard for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
    Best friends out!
    Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

    • 59 min
    WTD When Markets Decline #165

    WTD When Markets Decline #165

    There will be declines in the stock market, and you’ll likely see the amount of money you have invested begin to drop. This is normal during a bear market- stay calm! It’s also OK to feel a little nervous. We are emotional creatures after all, and while it’s fine to feel a little anxious if you’re hemorrhaging money in your investments, it is NOT fine to react to these declines by selling and getting out of the market. It doesn’t help that the 24-hour news cycle and media outlets are fueling any uncertainty you might have by proclaiming doom and gloom. So in this episode we’re going to discuss what actions we should take, before and during a market crash, and how to harden ourselves to weather the financial storms that accompany a major market decline.
    During this episode we enjoyed a Bretta Weisse by Firestone Walker - a big thanks to our friend Josh for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
    Best friends out!
    Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

    • 37 min
    Ask HTM - Is ID Theft Insurance Worth It, Reducing Car Insurance Rates for Kids Who Rarely Drive, and the Merits of Balancing a Checkbook #164

    Ask HTM - Is ID Theft Insurance Worth It, Reducing Car Insurance Rates for Kids Who Rarely Drive, and the Merits of Balancing a Checkbook #164

    This week on the podcast we’re answering your questions!
    1 - Should I continue to balance my checkbook every month, or is it a waste of time?
    2 - I have 2 daughters who rarely drive- how can I reduce how much I spend on their car insurance?
    3 - Should I purchase a primary residence or a couple investment properties instead?
    4 - Is identity theft insurance worth the money?
    5 - As a small business owner, should I consider offering a SIMPLE IRA or a 401k?
    And if you have a question for us, we’d love for you to submit your own via HowToMoney.com/ask/
    During this episode we enjoyed an Agrestic by Firestone Walker - a big thanks to our friend Josh for donating this beer to the show, and as a friend of the show you’ve earned enough points and have officially reached ‘red status’! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
    Best friends out!
    Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

    • 48 min
    Saving vs Investing #163

    Saving vs Investing #163

    Are you saving your money when instead you should be investing it? Or maybe you’ve been investing, but alternatively you should be saving! Folks get confused as those terms are often used interchangeably, but they are very different. For example, we call it “saving for retirement” when we are actually “investing for retirement.” Saving and investing are both important and have their place, and so the trick is knowing when you should be doing either. During this episode, we’ll cover some of the different indicators and considerations that will help you to determine whether you should be saving or investing. And it depends on your goals, but there’s a good chance you’ll need to do both!
    During this episode we enjoyed a Kong Double Hazy IPA by BarrelHouse Brewing Co - a big thanks to our friend Josh for donating this beer to the show! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!
    Best friends out!
    Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers

    • 35 min

Customer Reviews

Bugstubs ,

Excellent

Excellent podcast!!!! Thank u

Whaddupbigstick ,

Listen to them, get your money in order, and take over the world

I found this podcast (luckily) pretty young, and from my senior year of college onward I was determined to learn how to control money! Not really with a goal of being “rich” more with the idea of being comfortable enough around money that regardless of how much I make, I am moving towards my goals and aware of the important ways to get ahead and, more importantly, not fall behind. If you find them later, ITS NOT TOO LATE! They cover ways to recover if you’ve made money mistakes in your adult life! Most valuable podcast I’ve ever listened to!

MegSmith ,

Life Saver

To say that I’ve been bad with money is a massive under statement. When I started listening about 8 months ago, I was afraid of confronting my money issues and would rather have kept my head in the sand like I had been doing. But I’m almost 40 and realized it’s not too late to get my act together. This podcast has completely transformed my mindset about money and my ability to handle it and make solid choices. I no longer fear money conversations and even enjoy them now that I’m so informed! Matt and Joel are just so approachable and fun that they eased me into learning about money in a way that made it so doable rather than overwhelming. Thank you guys!

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