NerdWallet's Smart Money Podcast NerdWallet Personal Finance

What drives Mathew Knowles, respected record executive, entrepreneur, author, public speaker, and father to Beyonce and Solange? This special presentation of the podcast Earn & Invest delves into what drove him to succeed and how drive has been both a positive and a negative in his life.
The Earn & Invest podcast features thought-provoking conversations intended to empower you to earn and invest wisely, shaping your future while making informed decisions today. Every Monday, wide-ranging panel discussions explore various financial topics, fostering engaging conversations that challenge conventional wisdom and provide fresh perspectives. On Thursdays, Earn & Invest features individual interviews that offer deep insights from experts who share their experiences and expertise. The show's goal is to equip you with the essential questions necessary to navigate a richer path towards not only financial independence but living a life full of purpose, identity, and connections.
Listen to Earn & Invest wherever you get your podcasts. Learn more at https://www.earnandinvest.com/

Learn how moving could benefit you if you feel compelled to relocate due to safety concerns — and how to budget for a sudden move.
How do you financially and emotionally prepare for relocating due to safety concerns? 
What are the financial impacts of such a forced move? 
Hosts Sean Pyles and Alieza Durana discuss their experiences planning finances for relocations to help you understand the complex challenges faced by individuals seeking safer environments, particularly in the LGBTQ+ community. 
Alieza begins by interviewing G Chesler, a non-binary trans person, about their move from Washington DC to Portland, Oregon, providing valuable insight into the necessity of finding a supportive community, navigating healthcare and identity respect, and the emotional relief of living in an affirming environment. Their conversation reveals the deep emotional impact of living in a state that does not recognize or respect one's gender identity, the struggles with accessing appropriate healthcare, and the powerful sense of belonging found in a more accepting community.
Then, Alieza speaks with Lindsey Young, founder of the LGBTQ+ focused financial planning and investment management services firm Quiet Wealth, about the financial aspects of relocating for safety. They discuss creating a relocation financial plan, managing the costs associated with a sudden move and the importance of building a supportive community in the new location. They also focus on how to minimize income loss, budget for moving expenses and strategically utilize debt. This episode addresses two pressing issues for the LGBTQ+ community: the urgency of relocating due to hostile environments and the strategies to mitigate the financial strain that accompanies such a move. 
In their conversation, the Nerds discuss: LGBTQ+ relocation, financial planning, safe spaces for the LGBTQ+ community, emotional strategies, financial strategies, LGBTQ+ families, moving for safety, affordable cities, remote work, disability accommodations, community exchange networks, gender parity, workplace accessibility, hate crimes, discriminatory laws, queer community, non-binary transition costs, housing costs, sales tax savings, supportive communities, LGBTQ+ support organizations, moving expenses, financial stability, relocating for safety, job stability, moving costs, safety concerns, building connections, gender affirming care, LGBTQ+ legislation, and financial security.
To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.
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Learn how consumer sentiment affects the economy and your finances, plus insights on job market trends and inflation impact.

How do consumer sentiment indexes work and why should you care about them? What impact do these indexes have on the economy and your personal finances? Hosts Sean Pyles and Anna Helhoski discuss the intricacies of consumer sentiment, highlighting the University of Michigan's Index of Consumer Sentiment and The Conference Board's Consumer Confidence Index. They explain how these reports measure public feelings about the economy and why these sentiments matter in order to help you understand the influence of consumer opinions on economic trends and spending habits.

Then, they delve into recent money news headlines, including job market trends and their implications for the economy. By examining the latest employment data, Sean and Anna provide insights into how job growth and unemployment rates influence Federal Reserve decisions and overall economic stability. They also break down the recent movement in GameStop stock following the return of day trader “Roaring Kitty” Keith Gill and explain how your insurance rates could be impacted by your car collecting data on your driving habits.

In their conversation, the Nerds discuss: consumer sentiment, economic indicators, job market trends, consumer confidence index, personal finance, inflation impact, recession signs, economic forecasts, financial stability, unemployment rate, Federal Reserve decisions, economic growth, job growth, spending habits, employment data, interest rates, economic stability, financial trends, economic health, stock market trends, meme stocks, financial news, economic conditions, wage growth, business conditions, future economy, inflation rate, economic predictions, financial planning, job market analysis, consumer opinions, economic reports, financial data, job creation, market analysis, and economic insights.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

Like what you hear? Please leave us a review and tell a friend.

Learn about the psychology of gambling and smart tips for making home buying decisions amid undesirable interest rates.
How can you gamble responsibly? 
Should you use all your savings to buy a house outright or take on a high-interest mortgage?
00:48 Gambling Responsibly: Hosts Sean Pyles and Sara Rathner discuss the psychology behind gambling, particularly the concept of intermittent reinforcement. They also provide practical advice for responsible gambling, including how you can set and stick to a budget, understand the odds and know when to walk away. If you are struggling with gambling, then you can call the National Problem Gambling Hotline at 1-800-GAMBLER. 
8:32 Today’s Money Question: Mortgage Nerd Kate Wood joins Sean and Sara to answer a listener’s question about whether they should buy a house with cash or take on a mortgage. They discuss the implications of high mortgage rates, the importance of maintaining a financial safety net, and alternative mortgage strategies to consider.
In their conversation, the Nerds discuss: gambling, mitigating risk, high-interest mortgages, mortgage rates, responsible gambling, intermittent reinforcement, bankroll management, budget setting, buying a house, homeownership, financial safety net, mortgage strategies, home prices, Federal Reserve, inflation management, recession, financial security, financial conundrum, high yield savings, rent vs. buy, 15-year mortgage, 30-year mortgage, home repairs, home maintenance, private mortgage insurance, mortgage down payment, interest rates, economic indicators, behavioral psychology, understanding odds, financial strategy, liquidity, long-term financial goals, home affordability, economic landscape, mortgage options, and financial planning.
To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.
Like what you hear? Please leave us a review and tell a friend.

Understand the urge to spend money while scrolling on social media and learn strategies to control impulsive purchases.
How does social media influence spending habits?
What are practical strategies to spend less money while scrolling? 
Hosts Sean Pyles and Amanda Barroso discuss the psychological tricks of social media and emotional spending to help you understand the subconscious factors that drive your online purchases. Amanda interviews Jillian Knight, a licensed marriage and family therapist and founder of the financial planning firm Her Financial Therapy, about the cycle of shame in impulsive buying, the importance of awareness before and during online activity, and practical tips like removing stored credit card information to prevent automatic purchases. 
Then, Amanda talks to Dr. Brian Boxer Wachler, a medical director at the Cedars-Sinai Medical Center in Beverly Hills, about the addictive nature of social media. They discuss the dopamine-driven compulsion to scroll, setting app time limits, and engaging in alternative activities that boost dopamine in healthier ways. 
Both guests offer insights on how to break the cycle of impulse buying, overcome social media addiction and maintain healthier spending habits, with strategies for recognizing emotional triggers, intentionally disconnecting from social media and finding joy in non-digital activities. 
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In their conversation, the Nerds discuss: social media spending habits, emotional spending, impulse buying, social media addiction, financial strain, dopamine and spending, social media and shopping, influencer marketing, targeted advertising, visibility bias, breaking spending habits, online shopping addiction, managing finances, financial therapy, coping mechanisms, digital well-being, financial planning, saving money, consumer behavior, credit card debt, shopping habits, financial stress, mindful spending, psychological tricks, social media traps, one-click purchasing, spending triggers, social media algorithms, dopamine-boosting activities, financial health, impulse purchase prevention, shopping addiction, emotional buying, app time limits, relationship tensions, financial wellbeing, and online consumerism.
To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.
Like what you hear? Please leave us a review and tell a friend.

Discover how many people lie on insurance applications and the potential consequences you face when you do so.

Is it okay to lie on your insurance application? What are the consequences if you do? Hosts Sean Pyles and Anna Helhoski discuss the findings from a recent NerdWallet survey revealing how many Americans admit to intentionally providing inaccurate information on their insurance applications and delve into the generational and gender differences in attitudes toward this behavior. Learn why people justify these lies and the potential legal and financial repercussions of being dishonest on your insurance forms.

Then, they break down the latest money headlines, starting with a promising decline in delinquencies reported by VantageScore. They also discuss the IRS expanding its free filing software program and how a recent decline in grocery store prices could affect your bottom line.

In their conversation, the Nerds discuss: insurance fraud, lying on insurance applications, insurance rates, saving money on insurance, insurance applications, insurance deception, financial honesty, life insurance, auto insurance, consumer debt, debt delinquencies, credit score, personal loans, credit card debt, IRS free filing software, Direct File, tax preparation, inflation, grocery prices, lowering grocery costs, Aldi discounts, Target discounts, Amazon Fresh discounts, financial news, insurance industry, high-risk hobbies insurance, marijuana habits insurance, insurance consequences, consumer finance, financial tips, money management, credit health, tax filing season, insurance coverage, and economic trends.

To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.

Like what you hear? Please leave us a review and tell a friend.