New Money New Problems Podcast

For long-term investors, years where the stock market goes down can represent an opportunity, not an obstacle. In this episode, we prove it to you.Support the show

EPISODE RESOURCESCheck out our episode on PMINational Association of Unclaimed Property AdministratorsRetirement Savings Lost and Found DatabaseWorkers Owed Wages DatabaseMortgage Insurance Premium Refund DatabaseFind Your Money Online: Unclaimed Property, PMI Refunds, Unpaid Wages & Lost 401(k)sBrenton opens the New Money, New Problems podcast by sharing recent heavy travel and an upcoming trip to São Paulo, Brazil to speak on building a digital footprint and niche as a financial advisor, thanking listeners for enabling the opportunity. He then explains legitimate ways to find money owed to you online, organized by where you’ve lived, worked, and how you live. He highlights state unclaimed property divisions for refunds like utilities or insurance reimbursements, noting claims may be larger than displayed and can include overlooked life insurance benefits. He discusses removing or refunding mortgage insurance premiums (PMI), including requesting removal at 80% loan-to-value, using appraisals after home value increases, or refinancing. He covers searching for unpaid wages and locating forgotten employer retirement accounts via a Department of Labor site, and suggests reviewing subscriptions with tools like Rocket Money or Monarch and reselling valuable unused clothing or shoes.00:00 Free Money Intro00:45 Host Update Thanks02:43 Unclaimed Property Basics05:49 PMI Refunds Removal10:59 Unpaid Wages Old 401k13:59 Subscriptions Reselling16:23 Wrap Up Next WeekSupport the show

Estate Planning Starts Sooner Than You Think: Wills, Trusts, Incapacity, and Protecting Family WealthEPISODE RESOURCESThe Law Office of Sheuvaun VernonConnect With Her Online!Host Brenton Harrison welcomes estate planning attorney Sheuvan Vernon (The Trusted Esquire), founder of the Law Office of Sheuvaun Vernon serving New York and New Jersey, to discuss how estate planning begins earlier than most people expect and intersects with every life stage. Using public examples like Chadwick Boseman and Nipsey Hussle, they explain common misconceptions (estate planning is only for older people, only a will is needed, trusts are only for the rich) and emphasize planning for incapacity through HIPAA authorizations, healthcare proxies, and powers of attorney. They outline needs across ages: at 18, parents lose automatic authority; in the 20s–30s, relationships, beneficiary forms, prenups, and guardianship become key; for parents, trusts can prevent an ex from controlling a minor child’s inheritance; in midlife, wills vs revocable living trusts, funding trusts, probate privacy, and Medicaid planning risks arise; in later years, documents should be reviewed for life changes, divorce, retirement, and long-term care. Vernon advises finding a trusted professional and shares how to contact her.00:00 Estate Planning Matters02:26 Meet The Trusted Esquire04:17 Why Community Wealth06:03 Common Estate Myths08:06 Turning 18 Changes Everything12:30 Mid 20s Money Moves15:50 Prenups And Planning18:50 Kids Guardians Trusts21:24 Wills Vs Trusts25:50 Medicaid Sandwich Generation29:11 Retirement Plan Checkup31:55 First Steps And Finding Help34:05 Where To Find ShevonneSupport the show

EPISODE RESOURCESUpdated Payment Guidance from Department of EdFederal Student Loan Updates: MOHELA Default Letters, IDR Recertification Tips, New On‑Time Rules, PSLF Tracker Issues, Borrowing Limits Lawsuit, and PSLF Buyback ProgressIn this episode, we share major federal student loan updates, focusing on errors and rule changes affecting forgiveness and repayment. MOHELA mistakenly sent default-risk notices to thousands of borrowers who were current. With income recertification restarting after the 2020 pause, we share alternate forms of documentation that might be preferable to a tax return. Under the One Big Beautiful Bill Act, the grace period for on-time payments is removed for IDR and PSLF credit, creating concerns about weekends and autopay timing; Repayment Assistance Plan borrowers also risk losing interest subsidy and $50 principal reduction if late, and guidance suggests extra payments may disrupt subsidies. The PSLF tracker temporarily disappeared and some counts were reduced, potentially correcting prior adjustment-era credits. A lawsuit has temporarily paused lower graduate borrowing limits, and PSLF Buyback processing appears to be improving after streamlining to a button-based application.00:00 Student Loan News Intro00:44 Back in Studio Updates02:15 MOHELA Default Letter Error03:37 Recertify Income Smartly07:45 Grace Period Removed Shock10:43 RAP Subsidy and Extra Pay13:58 PSLF Tracker Disappears18:11 Borrowing Limits Lawsuit20:22 PSLF Buyback Speeds Up21:57 Wrap Up and Next StepsSupport the show

Trump Accounts Explained: Pros, Cons, and Whether Politics Should MatterIn this episode we cover Trump Accounts, launched July 2026, which offer a $1,000 initial contribution for children born January 1, 2025–December 31, 2028. Brenton discusses the political and moral hesitation some parents feel, especially for marginalized communities. For those interested, we cover how to open the account current custody options, investment limitations, tax features and more. We then compare the functionality of the Trump Account to other accounts commonly used to save for children's futures: a custodial IRA, Uniform Gift to Minors Accounts, brokerage accounts and a 529 savings plan.00:00 Can You Turn Down 191K00:47 Back to School Chaos01:33 What Are Trump Accounts02:21 Politics and Parenting Pressure05:33 Dave Ramsey Clips07:13 How to Open and Invest08:57 Comparing Kids Savings Options11:34 Limits and Tax Basics17:18 Withdrawals and Ownership Rules21:54 Messenger vs Message Wrap Up24:01 Compound Interest Reality Check25:21 Final TakeawaysSupport the show

Why the Amex Platinum and Chase Sapphire Reserve May Not Be Worth It (and How to Get Out of the Trap)In this episode, we explain why premium rewards cards like the AmEx Platinum and Chase Sapphire Reserve can be a costly trap, especially for high-income earners who may feel less urgency about carrying balances. Citing research that rewards incentives increase spending and debt, we argue that multipliers often push luxury purchases whose rewards don’t cover the added cost. We review rising annual fees (Amex Platinum $895 plus $195 per authorized user; Chase Sapphire Reserve $795 plus nearly $200 per user), show how sign-up bonuses require high spend, and note that redeeming points for cash can be low-value (Chase ~1¢ per point; Amex ~0.6¢). Using an Amex Platinum example, we demonstrate how credits and points may still deliver limited net value after fees and overspending. In the second half, we give tips to listeners who realize they've fallen into the trap but desperately want to escape.00:00 Premium Card Myth00:46 Show Intro and Updates01:26 Why Premium Cards Trap03:46 High Income Debt Risk05:31 Multipliers and Overspending07:26 Signup Bonus Pressure09:19 Points Cash Value Reality12:18 Amex Annual Value Breakdown14:59 Rescue Plan Basics16:52 Downgrade Without New Cards18:15 Exit Strategy and Credit20:24 Wrap Up and Next WeekSupport the show

When You’re the One in the Family Who “Has the Money”: Boundaries, Planning, and Real StoriesThis week we join you from Maryland to share an episode on what it’s like to be the family member who “has the money". Brenton draws on what he observed with his parents and why it shaped New Money New Problems’ focus on high earners building wealth. Based on a Pew Research Center study, at least 70% if high-income households African American households and immigrants of any income help their extended family with money. We offer tools on communication and “scripting” to set giving boundaries, budgeting for family support, adjusting emergency reserves, and considering insurance needs (life, disability, long-term care). We also covers estate planning and property issues (POAs, wills, inheritance conflicts, trustees, custody roles) and the emotional toll and money disorders. In the second half of the episode, we share community stories describing the responsibility, saving pressure, feeling taken advantage of, guilt, marital strain, and perceived entitlement that comes from being the one with money.0:00 — Intro & episode teaser0:46 — Welcome & episode overview (Brazil trip, why this topic matters)6:58 — Establishing when, why, and how you give to family12:31 — Estate planning and property management19:04 — Sponsor break / newsletter signup19:26 — Community Q1: How being "the one with money" impacts wealth-building23:42 — Community Q3: Negative experiences with extended family/spouse25:10 — Community Q4: Is your family "off-base" about you and money?28:07 — Wrap-up & closingSupport the show

How Childhood Trauma Shapes Money Disorders (Throwback Episode)This week we post a throwback wayyy back to the second New Money New Problems episode to set up a forthcoming discussion about being the only person in a family who “has money”. In the replay, we discuss how “money disorders” are foundational to understanding wealth building and reference a CNN article by Jean Sahadi on how early traumas and financially volatile childhoods can imprint adult money behaviors. Drawing from Brad and Ted Klontz’s book Mind Over Money, we talk through three examples relevant to first-generation high earners: financial denial (money avoidance), overspending (money worship), and financial infidelity (relational). 00:37 Why Money Stories Matter02:41 Replay Begins Episode Setup03:53 CNN Article Early Trauma05:25 What Are Money Disorders07:33 Money Avoidance Financial Denial09:24 Money Worship Overspending11:14 Relational Disorder Financial Infidelity13:18 Break And Gap Finder14:04 Confronting Your Money Disorder14:49 My Trigger WorkaholismSupport the show

How Leases Work and Who Should Consider ThemIn this episode, we explain how car leasing works , comparing it to other overstated money “rules” like avoiding PMI on a home loan. We breaks down the elements of a lease payment: depreciation, interest, and taxes, and end-of-lease options such as walking away or a trade-in. We offer decision rules based on residual versus fair market value and highlights benefits like warranty coverage and sometimes included maintenance. We then outline who leasing may fit: certain students, people who switch cars every 3–5 years (especially luxury vehicles, trucks, and SUVs), low-mileage drivers without cash to buy, and those with competing financial priorities.00:00 Leasing Car Myth01:09 Why Rules Stick02:51 Lease Basics04:48 Fees And Limits06:14 End Of Lease Options10:36 Walk Buy Or Trade12:39 Ownership Cost Tradeoffs15:09 Ad Break16:19 Who Should Lease18:27 Luxury And Trucks20:12 Low Mileage Priorities21:50 Personal Example22:58 Wrap Up TakeawaysSupport the show

You Might Already Own SpaceX: How IPOs, Index Rules, and Heavy Weightings Can Increase Portfolio RiskIn this episode, we explains how investors may already own SpaceX through index funds and 401(k)s, even without knowing it. Using SpaceX’s IPO as a case study, we distinguish stock exchanges (NYSE/Nasdaq) from stock indices (S&P 500, Nasdaq 100, FTSE Russell, MSCI ACWI), how each makes money (fees, data, licensing), and how index inclusion rules work (longevity, availability/float, profitability, location/industry). We then discuss the larger issue in the increasing concentration and interconnection among top tech/“Mag Seven” firms, making major indices less diversified than many assume.00:00 SpaceX In Your Portfolio00:48 Holiday Highs And Lows01:50 Why SpaceX IPO Matters03:50 Stock Exchange Basics06:04 Stock Index Explained09:09 S&P 500 Inclusion Rules10:38 Indices Bend For SpaceX13:23 How You Already Own It14:42 Break And Gap Finder15:51 Hidden Risk In Indices16:49 Mag Seven Connections18:51 Weighting And Concentration21:50 Risk Tolerance Reality Check22:47 Do Your Homework ClosingSupport the show

Who Should Avoid Roth Retirement Accounts? Key Scenarios Where Pre-Tax May WinJoin us from our new recording studio as we explain when Roth retirement account benefits like tax-free withdrawals and no required minimum distributions, are not ideal for everyone. We contrast Roth versus pre-tax taxation timing and outlines cases where Roth contributions may be disadvantageous. Scenarios include people currently in much higher tax situations than they expect in retirement, those likely to move from high-tax states to lower-tax states in retirement and borrowers on federal income-driven student loan repayment who can lower payments via pre-tax contributions. Tune in and see if a Roth is right for you (or not)!00:00 Roth Hype vs Reality00:14 Show Intro and New Studio01:51 Why This Roth Episode03:06 Roth vs Pretax Basics05:31 High Taxes Now10:07 Retire to Lower Tax State12:17 Newsletter Break12:35 Student Loans and AGI13:57 Cash Flow Crunch16:19 Near Retirement Medicare Traps18:34 When You Have Other Assets20:01 Wrap Up and ThanksSupport the show

Mortgage Recasting 101In this episode, we discuss the most important question one can ask when determining their home down payment: “Can this mortgage be recast?” Using a $500,000 home example, Brenton explains amortization schedules and how recasting works: after a lump-sum principal payment, the lender recalculates the payment to keep the original payoff timeline while lowering monthly payments. We cover scenarios where recasting makes sense, questions to consider, and the opportunity costs of giving up large sums for a 20% down payment.00:00 Down Payment Dilemma01:05 Home Buying Season01:59 Why Smaller Down04:49 Ask About Recasting05:04 Amortization Basics09:20 Recast Example Numbers11:13 Break And Promo12:23 PMI And Affordability15:14 Investing Opportunity Cost17:51 Final TakeawaysSupport the show

EPISODE RESOURCESEscape Student Loan Debt PodcastJuly 1 Deadline Changes, SAVE Ending, New Borrowing Caps, and Myth-Busting In this episode we explore major federal student loan changes tied to the key July 1 deadline and dispels common myths about what's to come. Key updates include new borrowing caps for Parent PLUS loans and the important distinction between a "standard" graduate student and a "professional" student. A new income-driven option, the Repayment Assistance Plan, arrives July 1, while PAYE and ICR will be phased out by July 1, 2028. Parent PLUS borrowers can lose access to IDR and PSLF after July 1 without required steps, and any new Parent PLUS borrowing after July 1 removes IDR/PSLF eligibility. SAVE is ending, with a 90-day window starting July 1 to choose a new plan. Consolidation must be completed and disbursed before July 1, and unnecessary consolidation can erase forgiveness credit. The episode also covers plan-switching credit rules, exemptions for already-enrolled students from new caps, and pending lawsuits challenging PSLF employer restrictions and graduate borrowing limits.00:00 July 1st Changes Overview02:11 New Borrowing Limits04:27 New Repayment Plans06:46 SAVE Plan Deadline10:18 Consolidation and PSLF Risks11:41 Parent PLUS Myth Busting14:46 SAVE Letters and Timing16:24 PAYE and IBR Updates19:35 RAP Credit Transfer Rules21:33 New Loans Change Eligibility22:38 Borrowing Limits Exemptions23:09 Lawsuits and Final TakeawaysSupport the show

10 Things I’d Do If I Had to Start Over Financially and ProfessionallyIn this episode, Brenton shares what he would do if he had to start over at ground zero in a new city with no money or relationships, inspired by a recent article about financial advice for Gen Z. He covers 10 steps he feels would give him a leg up, from collecting and organize email addresses, to prioritizing accessible capital over retirement funds. He then talks about wider a transferable skill set as a “generalist specialist” in an AI-disrupted economy and the dangers of comparing yourself to others.00:00 Starting Over Blueprint00:10 Podcast Intro00:48 Why This Episode02:50 Build Your Email List05:24 Prioritize Accessible Cash08:16 Lock In Insurance Early09:04 Rent Or Buy Commitment12:08 Rental Property All In13:09 Learn Taxes Fast14:42 Avoid Student Debt17:58 Public Presence And Side Income20:06 Generalist Specialist Career22:16 Keep Your Focus22:50 Wrap Up And Call InSupport the show

529 Plans vs. UTMA/UGMA and Brokerage Accounts: Choosing the Right Way to Save for KidsIn this episode we explain how 529 plans work and why they can be powerful education-savings tools, highlighting tax-deferred growth, tax-free withdrawals for eligible education expenses, transferability to other family members, and high contribution limits including five-year front-loading.The biggest limitation is often the saver’s financial readiness, and many parents struggle to fund college meaningfully while juggling retirement, debt, housing goals, and other obligations. We discuss a Business Insider story about a couple weighing a 529 against a UTMA (and similar UGMA), outlining UTMA flexibility but potential tax issues and the automatic transfer of control to the child at adulthood, and explaining why the couple rejected both options and what they chose instead00:00 529s And Alternatives01:11 How 529s Work02:57 Contribution Limits And Front Loading04:39 When 529s Backfire06:47 Rule Of Thumb07:58 Break And Gap Finder09:07 Case Study Katie And Husband10:18 UTMA Basics And Risks12:37 Why They Skipped 52913:32 Brokerage Account Flexibility14:21 Wrap Up And TakeawaysSupport the show

EPISODE RESOURCESPrizm InsuranceProperty & Casualty Insurance for High Earners: Umbrella Coverage, Home/Auto Gaps (with Dave Olchowka)In this episode, we host Dave Olchowka of Prizm Insurance to discuss why property and casualty insurance is often overlooked yet critical for high-income and affluent households. Dave shares his 20+ years in personal lines, his move from State Farm to the affluent/high net worth market, and why he built Prizm as a tech-enabled brokerage partnering with wealth advisors to streamline reviews while providing human advice. Dave contrasts captive agents vs brokers, then covers common coverage gaps: insufficient umbrella limits, inadequate home dwelling replacement-cost calculations, limited sewer/drain backup coverage, and weaknesses in standard auto policies (parts, valuation, and liability). Join us as we cover this crucial element of financial planning!00:00 Why P&C Matters00:49 Meet Dave and Prizm04:27 Prism vs Captive Agents07:30 Coverage Gaps for Affluent11:51 Break and Gap Finder13:01 Umbrella Insurance Basics14:56 How Much Umbrella17:44 Rental Property Coverage19:20 Auto Coverage Details22:12 Rental Cars and Turo24:44 Home Renovations and Rebuild27:53 Tough Markets Roof Rules30:25 Why Pros Beat DIY33:04 How to Contact Prism33:58 Final Thanks and WrapSupport the show

When Investment Real Estate Actually WorksIn this episode, we break down when real estate can be an excellent wealth-building activity, contrasting last week’s case against owning one or two rentals.We detail groups for whom real estate has low acquisition costs—military veterans using VA loans and medical/dental professionals using physician loans—and how it can make it easier to keep prior homes as rentals when moving. We then explain why real estate works better at scale, where strong properties can subsidize weaker ones and accumulated equity enables leverage via HELOCs, larger portfolio credit lines, and even securities-backed lines of credit to buy quickly with cash and refinance. Finally, we cover strategies requiring top-tier tax help, including short-term rental exceptions, the Augusta Rule, Real Estate Professional Status, and using depreciation, cost segregation, and bonus depreciation to create paper losses that can offset income.00:00 When Real Estate Works02:15 Low Down Payment Paths03:37 Physician Loan Example05:41 Building Portfolio Scale07:27 Leverage With Credit Lines11:59 Appreciation And Timing14:19 Break And Gapfinder15:29 Tax Strategy Overview16:36 Short Term Rental Loopholes17:48 Augusta Rule Explained19:56 Real Estate Pro Status21:18 Depreciation And Cost Seg25:09 Wrap Up And TakeawaysSupport the show

Why a Single Rental Property Often Disappoints High-Income Earners (Part 1)Today we introduce a two-part series on rental property, and why a single rental property (or a couple) is often a poor wealth-building strategy for high-income earners. We cover how using a starter home as a rental can compromise upgrading to a better primary residence, using Brenton's childhood home as an example. We then show how difficult it is to produce meaningful cash flow after mortgage, taxes, insurance, maintenance, and property management, and preview part two, where we'll cover when real estate CAN work with certain elements in place (scale, early adoption, and/or real-estate-professional strategies).00:00 Why Rentals Fail High Earners00:46 Series Setup and Caveats03:36 Turning Starter Home Into Rental04:10 Down Payment Reality Check06:15 Home Price Growth Trap07:54 Cash Flow Math Doesn’t Work11:54 Capital and Liquidity Tradeoff14:34 Tax Benefits Are Overstated15:19 Passive Loss Rules Explained18:35 When Real Estate Works19:39 Wrap Up and Part Two TeaseSupport the show

EPISODE RESOURCESRISE Student Loan Regulations Fact Sheet...I Just Lost $33,709 EpisodeRepayment Assistance Plan ExplainedFinalized DOE Student Loan Rules: New Caps, Repayment Assistance Plan, and Default Rehab Changes (Effective 2026–2027)In this episode we share newly finalized Department of Education regulations tied to the Working Families Tax Cuts Act and explain how they may affect student loan borrowers starting in 2026–2027. We outline new federal loan caps beginning July 1, 2026: graduate loans limited to $20,500 annually/$100,000 total; professional programs (11 fields including law, medicine, dentistry, and clinical psychology) to $50,000 annually/$200,000 total; and Parent PLUS capped at $20,000 annually/$65,000 per dependent, plus a $257,500 lifetime limit for new borrowers. We also cover repayment changes including a new Repayment Assistance Plan becoming the only income-driven option for first-time borrowers after July 1, 2026, a tiered 10–25 year standard plan, expanded loan rehabilitation to twice per loan with IDR opt-in at agreement signing, revised forbearance limits, sunsetting certain deferments for loans after July 1, 2027, and new institutional and part-time borrowing rules, warning current borrowers to be cautious about taking new loans.00:00 Student Loan Rule Update00:08 Podcast Intro and Context01:21 Personal IRS Refund Story02:02 New DOE Regulations Overview02:50 Graduate and Professional Loan Caps05:19 Parent PLUS Limits Explained07:36 Lifetime Borrowing Cap08:20 New Repayment Plan Changes09:43 Tiered Standard Repayment11:07 Default Loan Rehabilitation Updates13:30 Forbearance and Deferment Changes14:27 School and Part Time Loan Limits15:41 Key Takeaways and Wrap UpSupport the show

How I Accidentally Double-Paid the IRS $33,709—and Covered the Cash CrunchIn this episode, Brenton recounts misplacing $33,709 after accidentally paying his 2025 taxes twice: he walks through how to make IRS payments and check refund status, noting refunds may take 21+ days and planning for up to 90 days. He describes telling his wife and their strained cash position due to her nine-month unemployment and higher expenses. He evaluates liquidity options (brokerage sale taxes, retirement penalties, Roth contributions limits, credit strategies, life insurance withdrawals/loans, securities-backed LOC minimums) and walks through the option he chose and why it was most appropriate.01:47 Overdraft Shock02:25 Tax Planning Routine04:57 Double Payment Mistake05:49 IRS Payment Walkthrough08:58 Ad Break10:07 Telling My Wife11:14 Refund Timeline Check13:09 Emergency Fund Reality15:31 Where To Pull Cash17:38 Credit Card Strategy22:18 Leverage Options Review29:20 Lessons And Wrap UpSupport the show

EPISODE RESOURCESSubscribe to our YouTube channel!Repayment Assistance Plan Explained2026 IRS Tax TablesReal Estate Professional Status RequirementsIRS Passive Activity RulesThird Thursday Preview: IRS Delays, Safe Harbor Payments, and the Hidden Context Behind Tax-Saving TikToksIn this episode, we preview content from our “Third Thursday” YouTube series, where we add some context to the financial content you see on social media. We review a TikTok about IRS staffing cuts, longer wait times, and delayed processing, using it to introduce the concept of safe harbor payments for people who risk paying tax penalties for underwithholding throughout the year. We cover safe harbor payments and the two strategies that can be used to keep yourself out of the IRS' crosshairs.. We then critique a viral “save $60,000 in taxes” video for missing context, covering startup loss limits (hobby loss rule), the IRS's definition of a Real Estate Professional and how it benefits your taxes, the practical limits of maxing retirement accounts, and spousal IRA deduction phaseouts tied to adjusted gross income.00:00 Series Preview Intro00:47 Behind the Scenes Update01:49 Third Thursday Format03:18 IRS Staffing TikTok05:34 Safe Harbor Basics08:07 Two Safe Harbor Rules10:10 Safer Payment Tactics11:53 Marriage Tax Hack Video14:50 Context for Four Couples14:56 Founder Losses and Risks17:10 Real Estate Pro Status20:44 Freelancer Retirement Limits21:56 Spousal IRA Phaseouts25:46 Final Takeaways and WrapSupport the show

EPISODE RESOURCESRegister for the Financial Symposium!Check out the Change of Plans ChecklistFinancial Literacy Month Horror Stories: Credit, Taxes, Insurance, Investing, and Estate Planning MistakesIn honor of April being Financial Literacy Month, we share de-identified “horror stories” from real client experiences to show how small financial mistakes can create major consequences. You'll hear the dangers of co-signing loans, highlighting a divorce scenario where an overlooked private student loan left a co-signer responsible after the ex-spouse defaulted. We also tell a frightening tale of a homeowner whose seemingly small decision to close a card cost them over $150,000! On taxes, we recount a sale where an incorrect report of an investment sale doubled a client's tax bill and took over 6 months to correct. Taxes, Estate planning, investments: plenty of spooky stories for all.TUNE IN!00:00 Financial Literacy Horror Stories00:56 Why April Matters02:18 Cosigning Gone Wrong05:12 Credit Mistakes Before Closing08:20 Tax Return Cost Basis Error10:32 Gap Finder Break11:41 Insurance Policy Surprise13:54 REIT Taxes Explained16:10 Net Unrealized Appreciation18:29 Estate Planning Pitfalls21:31 Final Takeaways and EventSupport the show

EPISODE RESOURCESSAVE Plan Cancellation Press ReleaseSAVE Plan Timeline Press ReleaseParent Plus Loan D-Day, Disallowed Student Loan Guidelines and Details on the Immediate Future of the SAVE PlanIn this episode, we go through EXTREMELY important details on the future of Parent Plus Loans, and why many borrowers need to take action by April 1st in order to preserve eligibility for student loan forgiveness. These borrowers must have a newly consolidated loan disbursed by July 1st to maintain eligibility, and all parents should be wary of borrowing any new Parent Plus Loans after that time. We also cover certain student loan guidelines from the Biden era that have been disallowed, including, crucially, the ability to consolidate federal loans without resetting your credit towards forgiveness. Lastly, for borrowers on the SAVE plan, we have details on the 90 day timeline borrowers will have to move to a new Income Driven Repayment plan or risk being placed on a (likely significantly higher) Standard Plan. Tune in for details!00:00 Emergency Student Loan Alert00:49 Why A Midweek Episode02:17 Parent Plus Deadline Explained02:42 How To Consolidate Correctly05:27 July 1 Rule Changes Warning07:44 SAVE Plan Closure Update09:12 Consolidation Credits Reset12:08 Defaulted Borrowers Options13:45 What Good News Remains15:45 PSLF Buyback Clarified18:20 SAVE Exit Timeline July 120:51 Wrap Up And Next StepsSupport the show

EPISODE RESOURCESRegister for the Riverside Financial Literacy Symposium!Try the Change of Plans Checklist!How Much Life Insurance Do I Need EpisodeLife Insurance Needs CalculatorInsurance Essentials for Families: Home, Auto, Umbrella, Health, Disability, Life & Long-Term CareIn this episode we discuss the key insurance types every person should consider. We review property-related protections—auto, renters insurance, and the various elements of homeowners insurance. Brenton explains umbrella policies as inexpensive additional liability protection, and then cover personal insurances: the necessity of health insurance despite high marketplace costs, long-term disability as paycheck protection (including group-policy tax and income-definition gaps), life insurance needs often being underestimated and requiring calculators and appropriate term length, and long-term care insurance to protect assets and avoid Medicaid impoverishment.Tune in!00:00 Why Insurance Matters00:40 Podcast Intro and Updates01:04 Symposium Invitation01:59 Episode Roadmap03:04 Auto Coverage Basics04:09 Renters Insurance Essentials05:17 Homeowners Policy Breakdown11:51 Umbrella Liability Protection14:37 Break and Gap Finder15:43 Health Insurance Reality Check18:05 Disability Paycheck Protection22:15 Life Insurance Sizing24:04 Long Term Care Planning28:52 Wrap Up and Next StepsSupport the show

EPISODE RESOURCESThe Change of Plans ChecklistThe Holmes-Rahe Life Stress InventoryToni Collier's Money StoryChange of Plans Checklist PLUS Navigating the Financial Fallout of DivorceJoin us as we introduce the New Money New Problems Change of Plans Checklist, inspired by recent life upheavals and the Holmes–Rahe stress scale.in this episode, we discuss how both positive and negative life events can drive significant stress and financial consequences. We walk through the interactive checklist at newmoneynewproblems.com/changeofplans, which maps 52 life events across eight sections to impacted financial areas—taxes, investments, insurance, employee benefits, estate planning, and student loans—and assigns urgency levels (yellow, orange, red). We then demo the checklist while illustrating the changes from a pending divorce and outlines key actions.Whether life changes big or small, positive or negative, try out the checklist and share it with those you love!00:00 Life Events Money Impact01:16 Why This Checklist Exists02:17 Stress Scale Wake Up Call05:17 Checklist Demo Overview06:13 All Life Event Categories08:56 Break And Gap Finder09:45 Divorce Case Study Setup10:12 Divorce Taxes And Filing12:10 Insurance And Benefits Changes14:30 Investments And QDROs16:30 Estate Plan After Divorce18:18 Student Loans Divorce Fallout22:01 Summary PDF And Resources23:29 How To Use And ShareSupport the show

An oldie but a goodie!Check out my wife's money story, heavily influenced by her now 99 and 98 year old grandparents, Albert and Kathryne Groves!One the granddaughter of a slave, the other orphaned in his early teens and left to fend for himself, they built a financial future for their children and children's children through communication, hard work, and knowledge of how to deal with each other financially (even if it's a bit unconventional!).We at New Money New Problems think it's impossible to know how you or your spouse can manage money best when you don't understand how your early experiences have impacted you. I hope you enjoy this brief look into what makes my wife tick, and why!Support the show

Black with Equity Webinar Snippet: Equity Compensation Basics, Taxes, and DiversificationIn this episode we recap a jam-packed week ending with a snippet from our Black with Equity webinar for Black History Month.We explain the basic forms of equity compensation, like restricted stock - a “will be yours” benefit, emphasizing grant date vs vest date, W-2 reporting, vesting schedules, and taxation as ordinary income upon vesting, including the common underwithholding issue from 22% supplemental withholding and solutions like increasing withholding or paying quarterly estimates. We also cover non-qualified stock options as a “could be yours” benefit, defining strike price, discount element taxed on exercise, exercise windows, and double-trigger acceleration, plus negotiation tactics at hiring, reviews, and severance. Lastly we touch on ESPPs, offering periods, lookback provisions, and taxable discounts, and warn against overconcentration in company stock and the benefits of portfolio diversification. Sign up for the full unedited release at newmoneynewproblems.com/subscribe!00:00 Webinar Recap and Access01:04 Ad Rejection Rant02:39 Restricted Stock Basics05:40 Vesting and Tax Impact07:37 Withholding Pitfalls and Fixes10:37 Negotiating Restricted Stock12:24 Stock Options Overview14:11 Option Terms and Taxation18:42 Option Negotiation Strategies20:17 Employee Stock Purchase Plans23:12 Avoiding Stock Overconcentration27:14 Leveraging Diversified Portfolios29:51 Wrap Up and Next StepsSupport the show

EPISODE RESOURCESCheck out the rich & REGULAR website and blogYouTube and Julien's Eat Better SeriesCashing Out: Win the Wealth Game by Walking AwayRich & Regular’s Money Story: Paying Down Debt, Building a 15-Year Exit Ramp, and Redefining “Rich”In this episode, we interview Kiersten and Julien Saunders of rich & REGULAR about how their different upbringings shaped their money mindsets and how an early conflict over Kiersten’s credit card debt and spending habits led to a breakup, reconciliation, and deeper conversations about wealth-building plans. They discuss early money memories, the role of career volatility and multiple financial crises in rejecting “boomer logic,” and their framework for a 15-year career.They share practical ways to create cash flow by reducing convenience spending and shopping differently, reflect on managing conflict as their identities evolve, and name personal financial pitfalls and strengths.00:00 Walking Away From Rat Race00:46 Meet Rich and Regular03:21 FinCon Connection05:09 Kirsten Money Roots07:04 Julian Money Roots10:14 First Money Memories13:18 Round One Breakup17:04 Rebuilding With Money Talks21:27 Sticky Note Reunion27:31 Giveaway Break28:25 15 Year Career Blueprint29:57 Monetize Your Superpower31:11 Build Your Exit Ramp33:57 Convenience Tax Savings35:19 Aldi Costco Reality Check39:03 Status Spending Mindset41:10 Money Conflict Dance46:45 Quick Fire Surprises49:40 Money Weaknesses Strengths52:16 Eat Better Series54:09 Closing ThanksSupport the show

JOIN US FOR OUR BLACK WITH EQUITY WEBINAR FEB. 27th!Register HERESubscribe to our YouTube channel!We're back after the first Friday off in over three years!Join us as we preview the first YouTube “Third Thursdays”, a monthly Q&A format to respond to audience-submitted financial literacy videos, discuss what is real vs. fake, and address what may or may not be relevant to different financial situations In this first session, Brenton reacts to a video about investing a first $1,000, using it to explain ETFs vs. mutual funds (fees/expense ratios, intraday trading, and tax/turnover differences), what the S&P 500 is, and how it is market-cap weighted—meaning a small set of the largest companies can drive most performance. We also discuss the broader issue of online financial advice, emphasizing a shared responsibility between creators and viewers, encouraging education over prescriptive “buy this” guidance, and urging listeners to consider emergency reserves, overall financial foundation, personal goals, taxes, and risk tolerance (including using risk tolerance questionnaires) before implementing investing or tax strategies.00:00 Behind the Scenes: Kicking Off Third Thursdays on YouTube00:46 Welcome Back: Missed Episode, Life Updates, and Resetting01:35 Upcoming Webinar: ‘Black with Equity’ (RSUs, Options, ESPP)02:55 What Is Third Thursdays? Live Q&A + Reacting to Financial Videos04:50 Preview Topic: Where Should You Start Investing?07:41 Reacting to ‘Invest My First $1,000’: ETFs, Mutual Funds, and Fees11:23 S&P 500 Reality Check: Concentration Risk + Fit for New Investors16:56 Dividends & Taxes: When High-Dividend ETFs Can Backfire19:59 How to Consume Online Money Advice: Education vs. ‘Just Buy This’23:56 Wrap-Up: Ask Better Questions + Next Live and Webinar ReminderSupport the show

EPISODE RESOURCES2025 Federal Tax BracketsNavigating Tax Season: Common Forms, Mistakes, and DeductionsIn this episode of the New Money, New Problems podcast, we dive into common tax forms and mistakes that you don't want to miss during tax season. Topics range from the importance of accounting for all income sources, including W-2s, 1099s, and income from high-yield savings and brokerage accounts. Brenton elaborates on the significance of accurately reporting restricted stock units (RSUs) on your W-2 and explores various tax deductions, both above-the-line and below-the-line, including retirement contributions, health savings accounts, and itemized deductions like mortgage interest and property taxes. This episode is packed with valuable information to help you optimize your tax filing and maximize your financial benefits.00:00 Introduction to Common Tax Forms and Mistakes00:45 Welcome and Recent Events in Nashville01:37 Importance of Tax Filing Season02:34 Understanding Different Income Sources04:45 Common Mistakes with W2 and Equity Compensation08:21 Above the Line Tax Deductions10:04 Standard Deduction vs. Itemizing Deductions12:02 Below the Line Deductions for Homeowners12:55 Medical and State/Local Tax Deductions14:56 Charitable Contributions and Home Equity Line of Credit16:46 Recap and Calculating Taxable Income19:21 Introduction to Tax Credits20:27 Child and Education Tax Credits23:20 Conclusion and Final AdviceSupport the show

EPISODE RESOURCESHow To Set Financial Goals That StickGoals Questionnaire3 Ways to Pay Off Massive Credit Card DebtWhy Your Financial Goals for This Year Won't Stick -In this episode of the New Money, New Problems podcast, we delve into the reasons why your financial goals for the year often fail and offer actionable strategies to ensure they stick. We explain the importance of early rewards, the pitfalls of relying solely on discipline, and the necessity of automating your financial behaviors. Tune in to hear the impact of financial decisions on other areas of your life and the need for goals that are realistic for your current life stage.Through real-life stories and examples, this episode provides valuable insights for anyone looking to make their financial resolutions a lasting success.00:00 Introduction to Financial Goals01:46 The Importance of Early Rewards05:48 Automate Your Financial Goals07:12 Considering the Bigger Financial Picture12:18 The Dangers of Limited Financial Knowledge15:07 Achieving Financial Goals with Partner Buy-In19:11 Setting Realistic Financial Goals24:06 Understanding Your Financial 'Why'26:21 Conclusion and Final ThoughtsSupport the show

EPISODE RESOURCESCheck Out Rahkim's Work!Overcoming Financial Trauma: A Deep Dive with Rahkim SabreeJoin host Brenton Harrison in a compelling conversation with Rahkim Sabri, author of Overcoming Financial Trauma. This episode delves into Rahkim's personal journey from experiencing financial trauma as a child to (literally) writing the book on how to overcome it! Rahkim shares his expertise on the impact of financial trauma, the concept of epigenetics, and his practical framework known as the 'Three Es'—Exposure, Education, and Execution—for overcoming financial challenges. The discussion also touches on his recent personal trauma of losing his home to a fire and how it influenced his connection to his work. This episode is a profound exploration of financial resilience, generational wealth, and how personal experiences shape financial behaviors.00:00 Introduction and Overview01:53 Meet Rakim Sabri: Financial Therapist and Author03:50 Rakim's Origin Story: Early Financial Struggles08:40 Defining Financial Trauma17:38 Epigenetics and Financial Trauma26:33 The Three E's Framework27:44 Navigating the Home Buying Process29:04 Facing Financial Fears and Execution30:16 The Importance of Community Support31:22 Applying Lessons to Overcome Financial Trauma33:47 A New Trauma: The House Fire37:31 Rebuilding and Healing Out Loud47:18 Quick Hitters: Powerful Quotes and Reflections51:31 Where to Find More of Rakim's WorkSupport the show

EPISODE RESOURCESSign up to receive our Financial Guide for Stay At Home Spouses!Financial Planning for Stay-at-Home and Lower-Income SpousesIn this episode of the New Money, New Problems podcast, we address the financial challenges and opportunities for stay-at-home and lower-income earning spouses. We cover the importance of financial equity within a relationship, and why both partners need to be equally informed about their financial situation. Key topics include the necessity of having an open conversation about finances, various ownership structures for investment accounts, the significance of proper insurance and beneficiary designations, and the importance of credit management. Tune in to hear tips on how spouses can get more involved in financial planning, ensuring they can navigate periods of loss, disability, or potential divorce with confidence. 00:00 Introduction to Financial Planning for Stay-at-Home Spouses01:43 The Importance of Equal Financial Footing04:59 Steps to Financial Empowerment07:39 Understanding Investment and Insurance Details12:11 Managing Debts and Access Information23:06 Retirement Planning for Stay-at-Home Spouses27:12 Building and Maintaining Credit28:36 Engaging with Financial Professionals30:02 Final Thoughts and ResourcesSupport the show

EPISODE RESOURCESLife Insurance Needs QuestionnaireWhat Is Umbrella Insurance?Goals and Behaviors QuestionnaireTop Sites to Manage Your Finances10 Easy Financial Wins to Start Your New Year RightIn this episode of the New Money, New Problems podcast, we share 10 straightforward financial tips to kickstart 2026. Starting with automation, we explain the benefits of setting up automated transfers for savings and investments. We then cover the importance of things like reviewing and shopping for insurance, defining and structuring emergency funds, planning for financial surpluses and contingencies, scheduling that one financial task you've been putting off. Come hear these financial strategies that help establish better financial habits and achieve their financial goals.00:00 Introduction to Financial Wins02:14 Automate Your Finances06:07 Insurance Essentials09:28 Emergency Reserves Strategy11:17 Beneficiary and Estate Planning12:50 Eliminate Unnecessary Bills15:15 Transparent Financial Conversations18:13 Understanding Your Pay Stub20:05 Setting Financial Alerts23:03 Planning for Surpluses and Contingencies25:58 Taking Action on Financial Goals28:24 Conclusion and Next StepsSupport the show

Reflecting on 2025: Lessons Learned and Highlights from New Money, New ProblemsIn the final episode of 2025, we reflect on the challenges faced during a helluva year.Despite these hardships, we had some fun along the way. This episode revisits key moments, such as Leonard Black's journey from corporate America to franchise ownership, Seth Godin's valuable advice on trading time for meaningful change, and Naseema's story of overcoming limiting beliefs about wealth. Join us for some of our favorite moments from 2025!00:00 Introduction and Reflections on 202501:08 Celebrating Wins and Favorite Moments02:10 Leonard Black's Entrepreneurial Journey05:38 Insights from Seth Godin11:28 Naseema's Wealth Creation Journey15:58 Tony Collier's Financial Wisdom21:26 Looking Forward to 2026EPISODE LINKSToni J. Collier's Money StorySeth Godin on New Money New ProblemsNaseema's Money StoryLeonard's Pivot to EntrepreneurshipSupport the show

EPISODE RESOURCESESLD Guide to Income Driven Repayment PlansSAVE Settlement DetailsNavigating the End of the SAVE Plan: What's Next for Your Student Loans?In this episode we talk the end of the SAVE Repayment plan and explore the implications for borrowers. Find out who benefits from different Income Driven Repayment (IDR) plans and the importance of immediately switching plans for those eligible for forgiveness. Between alternative IDR plan options, changing federal policies, and important deadlines, this episode equips listeners with crucial information to make informed financial decisions regarding their federal student loans.00:53 Impact of the SAVE Repayment Plan Ending03:17 Settlement and Forgiveness Credits Updates06:53 Options for Switching Income Driven Repayment Plans15:55 Urgent Actions for Forgiveness Eligibility21:15 Conclusion and Future UpdatesSupport the show

Not everyone wants to spend their entire day trying to hack their credit card rewards. But that doesn't mean there aren't a few tips you can use to maximize your cards and save money and time.EPISODE RESOURCESTop Credit Card Partner Programshttps://www.forbes.com/advisor/credit-cards/guide-to-major-credit-card-rewards-programs/  01:08 Maintaining Your Credit Score03:54 Optimizing Credit Utilization05:54 Lowering Credit Card Fees08:47 Credit Card Hacks and Offers11:18 Travel Rewards and Perks14:46 Maximizing Travel PointsSupport the show

EPISODE RESOURCESBuy Toni's New BookFrom Trauma to Triumph: The Inspiring Journey of Toni CollierIn this episode we dive deep into the life and money story of Tony Collier. Toni shares her journey from a challenging childhood to building a global ministry that has touched millions. She opens up about her personal traumas, including a very public divorce, and how these experiences have shaped her approach to life, ministry, and financial stability. Toni shares how in spite of her trials, her resilience and entrepreneurial spirit that have helped her rebuild and thrive. She also talks about her new book, 'Don't Try This Alone,' which focuses on the importance of community in the healing process. We hope you enjoy the conversation!01:25 Meet Toni01:42 Toni's Early Life and Challenges07:31 Navigating Adolescence11:00 College Years and Career Aspirations12:04 Entering Ministry14:17 Public and Private Trauma18:16 Healing and New Beginnings21:12 The Power of Vulnerability in Writing22:27 Financial Struggles Amidst Personal Trauma25:16 Rebuilding After Financial Devastation30:21 Childhood Influences on Financial Mindset34:20 Unexpected Benefits of Transparency36:55 Toni's Multifaceted Career and Future Plans37:47 Final Reflections and Personal InsightsSupport the show

Check out this (still relevant) blast from the past!Why the Holidays Are a Bad Time to Discuss Finances with FamilyIn this episode of the New Money, New Problems podcast, we explore why the holiday season may not be the ideal time to discuss finances with family. Drawing from personal experiences and professional insights, we explains the common pitfalls and emotional triggers that can derail these sensitive conversations during family gatherings. Instead, we offer a strategic approach to planning these discussions effectively by separating parties into two camps – the planning generation and the potential beneficiaries – and setting clear parameters and dates for future conversations. This episode aims to provide listeners with tools to navigate these complex financial topics while minimizing conflict and ensuring peace of mind for all family members.00:00 Introduction: Why Holidays Aren't Ideal for Financial Talks00:07 Podcast Overview and Host Introduction00:46 Setting the Scene: Holiday Season and Financial Conversations01:21 Common Financial Advice and Its Limitations02:13 Personal Experiences with Family Financial Discussions03:45 Challenges of Discussing Finances During Holidays04:29 Rethinking Holiday Financial Conversations10:08 Planning for Future Financial Conversations11:26 Steps to Prepare for Financial Talks with Family15:50 Addressing Elder Generations About Financial Planning19:20 Conclusion: Importance of Financial PreparednessSupport the show

EPISODE RESOURCESPrincipal Samuelson's Business Insider FeaturePreparing Children for College and Beyond: A Conversation with Principal Joseph SamuelsonIn this episode, we talk about exposing your kids to different paths, including ones that may NOT lead to college. We're joined by Principal Joseph Samuelson from Upton, Wyoming, who offers unique perspectives on exposing students to various career options, including non-traditional paths. Principal Samuelson details his school’s personalized learning approach, which tailors education to individual student interests and needs, ensuring students are prepared for life after high school. The episode highlights the significance of valuing lifelong learning and adaptability in an ever-changing world.00:00 Introduction: Preparing Your Child for College and Beyond00:48 Reflecting on Past Conversations and Future Prospects01:08 Exploring Alternatives to Traditional College Paths03:02 Introducing Principal Joseph Samuelson04:21 Principal Samuelson's Approach to Personalized Learning04:53 Implementing Non-Traditional Pathways06:58 Balancing College and Career Readiness13:46 Parental Guidance and Future Outlook18:20 Conclusion and Final ThoughtsSupport the show

EPISODE RESOURCESSmart College Buyer PodcastConnect with JackOptimizing Your Child's College Journey with Jack WangIn this episode of the New Money, New Problems podcast, we interview special guest Jack Wang, a financial advisor specializing in college planning. Jack discusses strategies for optimizing your child's journey to college, focusing on how to maximize financial aid and minimize student debt. The conversation covers the importance of aligning extracurricular activities with intended majors, the differences between getting accepted to college and securing financial aid, and the timing of college planning. We also explore the advantages of less well-known but excellent colleges and the factors to consider when choosing schools. This episode is packed with valuable information for parents looking to plan their children's educational futures effectively.00:00 Introduction: Navigating Schooling Costs01:42 Special Guest Introduction: Jack Wang04:06 Jack's Journey into College Aid Specialization06:10 Understanding College Admissions and Aid14:01 Public vs. Private School Strategies24:33 When to Start College Planning30:51 Creating a Realistic College List36:33 Alternative College Options and Financial Strategies42:13 Conclusion and Contact InformationSupport the show

EPISODE RESOURCES2025 Tax Tables and GuidelinesEssential End-of-Year Tax Planning Tips for EmployeesIn this episode, we delve into crucial end-of-year tax planning strategies specifically tailored for W2 employees aiming to optimize their finances before the new year. We cover the importance of proper withholding to prevent unexpected tax bills, highlights the impact of bonuses and equity compensation on taxes, and illustrates how the Social Security bonus can help mitigate underpayments. The episode further explores calendar year vs. tax year deadlines for retirement contributions and employee benefits, along with strategic charitable giving under recent tax law changes.02:22 Understanding Withholding and Its Impact04:14 Strategies for High-Income Earners07:23 Social Security Bonus and Tax Benefits13:11 Maximizing Charitable Contributions18:03 Filling Up Lower Tax Brackets20:33 The Importance of Professional Tax HelpSupport the show

Schedule A SessionPAST EPISODES TO HELPWhat To Do When You Run Out Of Money (Literally)Preparing Your Finances For A Possible DoomsdayStill Living Paycheck to Paycheck on $250,000How To Recover From Financial MistakesFrom Severance To Security What To Do Right After You’ve Been Fired5 Ways to Restructure Your Debts5 Ways To Take Advantage Of Lower Interest Rates5 Signs You Need to Reassess Your Credit Card Debt + 2 Proven Strategies to Get OutDoes Loud Budgeting Work?Optimizing Debts As You Build Your Emergency FundSupport the show

EPISODE RESOURCESJoint Case UpdateEssential Updates on Federal Student Loan ForgivenessThis episode covers significant recent updates concerning the forgiveness of federal student loans. Key highlights include the impact of the lawsuit between the American Federation of Teachers and the Department of Education on loan forgiveness processes, the phasing out of certain Income Driven Repayment plans, and the importance of timely switching from plans like the SAVE plan to income-based Repayment plans to avoid tax implications. The Department of Education's agreement to process loan cancellations under original repayment plans and to remove partial financial hardship requirements for IBR plan eligibility is also discussed. The episode concludes with a critical overview of tax considerations and the timing of loan forgiveness procedures.01:33 Context and Background on Student Loan Forgiveness03:00 Legal Challenges and Department of Education's Response07:02 Joint Status Report and Its Implications10:24 Important Deadlines and Tax Implications15:17 Final Thoughts and Next StepsSupport the show

NASEEMA'S FAVORITE RESOURCESCheck out her platform!Journey To Launch Clever Girl FinanceChoose FIFrom Nursing to Financial Freedom: Naseema McElroy’s Inspiring JourneyIn this episode, we explore the remarkable journey of Naseema McElroy, a nurse who turned her income into a path toward becoming a multimillionaire and a financial literacy educator. Naseema shares her story of growing up in Oakland with financial responsibilities from a young age, transitioning from healthcare administration to nursing, and eventually leveraging her nursing income to achieve financial freedom. She discusses her pivotal moment in realizing the importance of financial education, her quest for knowledge through various podcasts, and books, and her diligent effort in paying off nearly a million dollars in debt. Naseema also delves into the development of her Instagram platform, initially created for friends, which grew to educate and inspire hundreds of thousands. The episode covers her strategies for budgeting, investing, and setting financial goals, emphasizing her commitment to sharing knowledge as a driving force for her platform’s success.01:46 Meeting Naseema: Oakland Beginnings02:02 Naseema's Early Life and Financial Lessons05:36 Transitioning to a Nursing Career09:09 Discovering Financial Independence12:17 The Million Dollar Debt Payoff18:14 Building a Financial Literacy Platform21:31 Reflecting on Financial Lessons and Success25:14 Conclusion and Final ThoughtsSupport the show

EPISODE RESOURCESMortgage Forbearance 101Credit Card Assistance#30MoneyMoves ChallengeUpworkNavigating Financial Hardships: Practical Tips When Emergency Reserves Run OutIn this episode, we discuss strategies for managing your finances when you've planned ahead but still find yourself running out of money. We share insights from a recent conference and highlights a common challenge faced by many: even those who have thoroughly prepared with substantial emergency reserves are finding their resources depleted after prolonged periods of unemployment or financial strain. The episode provides various actionable tips for alleviating financial pressure, such as communicating with lenders for debt forbearance, utilizing balance transfer credit cards, pausing automatic contributions to investment or retirement accounts, and evaluating subscription services for potential cuts. Additionally, options for income generation through freelancing platforms like Upwork and Fiverr are explored, as well as potential avenues for accessing Roth IRA contributions, 401k loans, and leveraging non-qualified investment accounts through securities-backed lines of credit. 00:00 Introduction: Facing Financial Challenges00:46 Personal Reflections and Industry Insights01:10 Understanding the White Collar Recession02:19 Emergency Financial Advice: Breaking the Glass02:36 Caveats and Considerations04:01 Debt Management Strategies04:39 Exploring Forbearance Options06:09 Credit Card Hardship Programs07:25 Student Loan Relief Options10:12 Balance Transfer Cards11:13 Pausing Contributions and Evaluating Subscriptions14:08 Leveraging Gig Economy Platforms17:26 Accessing Retirement Funds19:56 Non-Qualified Investments and Lines of Credit23:31 Conclusion: Extending Your Burn RateSupport the show

EPISODE RESOURCESEligible FSA ExpensesMaximizing Your Flex Spending Account: Overcome Hesitations and Save MoneyIn this episode, we address common fears and hesitations around signing up for Flex Spending Accounts (FSAs) during open enrollment season. The episode starts by explaining open enrollment and emphasizes the benefits of FSAs, which are often underutilized compared to Health Savings Accounts (HSAs) and Dependent Care FSAs. We dive into the practical uses of FSAs, including eligible health expenses and over-the-counter items. Additionally, we cover how to plan your contributions, manage reimbursements, and navigate plan rules to maximize your tax savings. By the end of the episode, you'll have actionable tips to seamlessly integrate FSA use into your financial planning.00:00 Introduction to Flex Spending Accounts00:52 Understanding Open Enrollment01:27 Focus on Flex Spending Accounts02:12 Benefits of Health and Dependent FSAs02:46 Common Concerns About FSAs03:40 Maximizing Your FSA Benefits04:36 Eligible FSA Expenses05:45 Planning Your FSA Contributions06:53 Using FSA for Regular Purchases08:23 Employer Rules and ReimbursementsSupport the show

EPISODE RESOURCESHow To Donate Appreciated StockDonor Advised Funds 101Maximize Your Charitable Contributions: Tax Benefits and StrategiesIn this episode, we focus on unique ways to align charitable contributions with tax and investment strategies. Topics discussed include 'bunching' charitable contributions, donating appreciated assets like stocks to avoid capital gains tax, and using donor-advised funds to maximize charitable donations while benefiting from tax deductions. 00:00 Introduction and Feedback from Last Week01:25 Charitable Giving and Tax Benefits02:26 Bunching Charitable Contributions05:04 Donating Appreciated Property10:18 Rebalancing Strategy and Charitable Contributions12:18 Understanding Donor-Advised Funds14:47 Conclusion and Upcoming EpisodesSupport the show

EPISODE RESOURCESNerdWallet Article on Charitable GivingEPISODE SUMMARYIn this episode, we explore how to set a budget for charitable giving and discuss upcoming updates in 2026 that will make charitable contributions more beneficial for your tax returns. Brenton shares personal experiences from recent financial literacy events and an interview with NerdWallet, focusing on how much to give to charities, especially when religious observances are involved. Listeners are given tips on planning their charitable contributions, considering both religious and non-religious motivations, and aligning them with their overall financial plans. The episode also delves into potential tax implications and benefits, explaining new rules from the 'One Big Beautiful Bill Act' that will impact itemized deductions and above-the-line tax deductions for charitable giving starting in 2026.00:00 Introduction to Charitable Giving and Tax Benefits00:49 Personal Insights and Financial Literacy Events01:22 Determining How Much to Give02:24 Religious Contributions and Financial Impact05:21 Creating a Giving Plan07:18 Tax Components of Charitable Giving09:54 Changes in Charitable Giving for 2026 and Beyond14:34 Conclusion and Final ThoughtsSupport the show

Evaluating the Quality of Financial InformationThe Pyramid Of InvestmentsIn this episode, we shares insights on evaluating the quality of financial information you consume. The episode covers the importance of scrutinizing the intent behind financial advice, the credentials of the creators, transparency in promotions, and aligning advice with your financial stage. Real-world examples and interviews with certified financial planners further underline the significance of practical and transparent financial education. Resources and key takeaways are provided to help listeners make more informed financial decisions.00:45 Personal Updates and Recent Travels01:44 Insights from Financial Conferences03:14 Evaluating Financial Content Creators04:19 Understanding Financial Products and Services06:55 The Importance of Financial Foundations09:18 Transparency in Financial Advice11:35 Experience vs. Real-World Advice14:23 Interviews with Financial AdvisorsSome of Brenton's FavoritesJourney To LaunchThomas KopelmanTate EsquireFinancially IntentionalJeff LevineSo MoneyBrown AmbitionThe BudgetnistaRich & RegularThe Money GuysJames AltucherThe $100 MBA ShowBuilding BreadTrade and TravelTela HolcombThe Happy Investor MethodInvesting UncomplicatedSupport the show