Practical discussions and insights on money with a modern and socially conscious approach to building wealth. Hosted by Michael Reynolds, independent financial advisor and Principal of Elevation Financial.
E152: Five Things You Need to Know About Your Roth 401(k)
Everyone has heard of a 401(k), but not as many people are aware of the Roth 401(k). Let's unpack a few facts and insights about the Roth 401(k) and how it works.
E151: How Big Should My Emergency Fund Be?
We've all probably heard the "3-6 months of expenses" rule of thumb for your emergency fund. But like most things in personal finance, it's not a one-size-fits-all. We'll talk through the nuances of how to think about how much should be in your emergency fund.
E150: How to Accurately Calculate Your True Monthly Expenses
When asked "what's your typical monthly spending?" most people go full on deer in the headlights. Unless you track your spending with a budgeting tool, it can be very difficult to determine your true expenses. Let's discuss a great way to ballpark it using your online banking and a basic spreadsheet.
E149: How to Ask for a Raise
Talking about compensation can be uncomfortable for many. But avoiding the topic could leave you under-paid and under-appreciated. Let's talk about how to ask for raise in a way that is constructive, respectful, and productive.
E148: What Is Investment Management?
For many, investment management can seem like a black box. It sounds mysterious and difficult. In this episode, we'll unpack exactly what goes into investment management and what financial advisors do when managing investments.
E147: Using Financial Ratios to Make Better Money Decisions
While financial planning is not one-size-fits-all, it can often be helpful to look for rules of thumb or general guidelines when orienting your finances. We'll talk about some key financial ratios that you can track to help you make better money decisions and monitor your financial wellness.
Clear, Concise, and Trustworthy
If you are struggling with knowing what to do next, Michael is your guy! He does such a great job of taking complicated ideas and explaining them in simple, easy language.
I really like his recent episode on pet insurance (episode 72). As the parent of a 14-year-old Doberman, having Michael talk through the pros and cons really helped me out.
Michael makes it easy
Michael is great at taking complicated financial info and breaking it down so the average business owner can understand and move forward making solid money decisions!
Amazing financial advice and resource!
Michael is an invaluable resource for young entrepreneurs like myself. His advice is sound and there is no fluff or BS like other advisors I’ve come across. Not to mention he is extremely thoughtful and caring with his clients. I highly recommend his podcast and working with him as an advisor and coach! Thanks for all you do and provide, Michael!