New Money New Problems Podcast

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

RSVP for the Financial Literacy SymposiumFederal Student Loan UpdatesIn this episode of New Money, New Problems, the discussion focuses on why late summer and early fall are the optimal times to review your finances. The host, fresh from professional commitments and heading to various financial events, highlights the benefits of reviewing financial matters during September and October. Key reasons specific to this year include the impending federal student loan consolidation deadlines and potential changes in interest rates driven by economic indicators like jobs reports. General reasons span tax planning, end-of-year employer benefits decisions, and holiday budgeting strategies. The episode emphasizes the importance of preemptive financial reviews and offers practical tips to optimize financial health before year-end.01:41 Why September and October are Crucial for Financial Reviews02:29 Federal Student Loans: Urgent Deadlines and Actions03:55 Economic Indicators and Their Impact on Your Finances07:18 Tax Planning: Strategies for the End of the Year13:59 Maximizing Employee Benefits and Open Enrollment15:36 Holiday Season: Budgeting and Financial TipsSupport the show

In this special 150th episode of the New Money, New Problems podcast, we reflect on the journey so far and the lessons learned from both the audience and personal experiences. In the first half, we focus on the feedback from listeners, the common issue of financial stress regardless of income level and the critical need for effective communication about finances among partners and family members. We also highlight the importance of understanding financial options over rigid rules and provides insights into the process behind financial journalism. In the second half, Brenton shares personal lessons from creating the podcast, stressing the value of consistency, starting without perfection, and being open to constructive criticism to facilitate growth and improvement. The episode aims to provide valuable takeaways for listeners to apply to their financial and personal lives.01:43 Listener Insights on Financial Stress03:20 Communication and Financial Harmony06:22 The Value of Personalized Financial Advice08:28 Behind the Scenes of Financial Publications10:43 Foundational Financial Topics13:26 Personal Lessons from Podcasting16:31 Commitment to Improvement and Future PlansPOPULAR EPISODES FROM THE FIRST 150Why Holidays Aren't Great for Family Money TalksSTILL Living Paycheck to Paycheck on $250,000Why New Money Leads To New ProblemsWhat Does It Mean When You're Behind In Retirement Planning?Support the show

In this episode, we revisit the inspiring story of Courtney Hale, a man who has transformed trials into triumphant journeys. This episode highlights Courtney and his daughter Ever's resilience as they navigate life's challenges, including the loss of Courtney's wife, Tia, and Ever's ongoing battle with sickle cell. Courtney, known for his work as the Chief Hope Dealer at Super Money Kids, shares the evolution of his career, the hardships he faced, and the joy that's fueled his journey forward. The episode also delves into insights about family, love, and making meaningful financial choices. As a tribute to Courtney and Ever, the host encourages listeners to send their love and support before Ever's bone marrow transplant, for which Courtney is the donor. You can find more about their journey in the show notes.Ever's AnnouncementFollow Courtney's Work00:28 Courtney Background and Personal Story02:43 Courtney's Professional Journey and Financial Literacy Work07:12 Challenges and Triumphs in Personal Life23:11 Reflections on Life, Work, and Financial HabitsSupport the show

In this week's episode, we delve into strategies for preparing your finances against potential job loss, economic downturn, or financial emergencies. The episode emphasizes the importance of establishing emergency reserves, describing optimal savings amounts based on different household scenarios and employment stability. It also explores tools and tactics for repositioning debts, utilizing flexible employee benefits, and diversifying investments, especially for those with company stock or equity compensation. Practical advice includes adjusting retirement contributions and withholdings to better balance financial preparedness. The episode also references an article featuring the host's insights on the significance of emergency savings for retirement planning. Check out the MarketWatch article where Brenton was interviewed!02:37 Understanding Emergency Reserves05:22 Layering Your Savings09:13 Repositioning Debts for Stability13:50 Managing Equity Compensation15:28 Optimizing Employee Benefits16:57 Retirement Accounts and Emergency PlanningSupport the show

In this episode, Brenton Harrison reflects on a past podcast episode from 2022 that discussed the challenge of living paycheck to paycheck even with a high income. Revisiting the topic, he shares additional insights he's gained over the past three years. This episode covers reasons why high-income earners may still struggle financially, strategies to establish a financial foundation, and personal experiences and lessons learned. Key actionable steps include stopping retirement contributions temporarily, halting extra debt payments, evaluating subscription services, and reducing lifestyle expenses. He also emphasizes the importance of staying marketable, prioritizing small financial goals, and avoiding comparisons with others to maintain financial health.00:45 Revisiting a 2022 Episode02:19 High Income, Paycheck to Paycheck05:04 Understanding Financial Struggles09:45 Immediate Steps to Build Savings16:27 Additional Insights from 202516:54 Personal Experiences and Advice21:58 Staying Marketable and Setting Goals24:11 Looking AheadSupport the show

In this episode, we discuss how to identify and recover from financial mistakes.The episode also delves into personal biases and behaviors that contribute to financial mistakes and offers steps to correct them. EPISODE RESOURCESNerdWallet articleMy 5 Biggest Financial Mistakes Check out Ted Klontz's book! 01:41 Evaluating Financial Mistakes02:11 Investment Time Horizons03:32 Permanent Life Insurance Policies06:22 Benchmarking Investments11:36 Correcting Financial Mistakes13:52 Understanding Financial Biases15:51 Learning from Past Mistakes18:09 Moving ForwardSupport the show

Check out a snippet from our webinar on solidifying your finances in the event of a layoff and how to negotiate severance!To access the full replay, join our email list at newmoneynewproblems.com/subscribe!Episode Highlights:Common Mistakes in Layoff/Severance SituationsEmployees often don’t ask for enough during severance negotiations; documentation of achievements is crucial.Employers frequently lack proper documentation to justify terminations or severance decisions.Both sides should be prepared: employees should advocate for themselves, and employers should have clear, consistent policies.Negotiation is KeyEverything is negotiable—don’t be afraid to ask for more severance, benefits, or time.Employers may have a “cushion” and expect counteroffers.Use a list of your contributions to the company as leverage in negotiations.Legal ConsiderationsCompanies are not always required to offer severance unless specified by law (e.g., WARN Act) or contract.The WARN Act requires 60 days’ notice (or pay in lieu) for large layoffs, depending on company size and circumstances.Consistency in severance offers is important to avoid discrimination claims.Practical Steps After a LayoffFirst, take time to process emotionally before responding or negotiating.Ask about other open positions within the company before accepting termination.Consider negotiating for extended health coverage or other benefits.Map out which benefits are portable (e.g., 401k) and which are “use it or lose it” (e.g., FSA, dependent care).Employer Best PracticesEnsure all documentation is in order and policies are applied uniformly to avoid legal issues.Have more than one person present during termination meetings to protect against potential claims.COBRA and Health InsuranceUnderstand your rights to continue health insurance via COBRA and alternatives like the health insurance marketplace.Loss of coverage is a qualifying event for marketplace enrollment, even outside open enrollment periods.Severance and Indirect CompensationSeverance may be required if stipulated in a retention or employment agreement.Negotiate for acceleration of equity vesting, continued health coverage, or even compensation for lost value due to blackout periods.Job placement assistance can be requested as part of a severance package.Creative Negotiation ExamplesReal-life stories of negotiating for additional compensation due to unique circumstances (e.g., stock value loss during blackout).Don’t hesitate to ask for job placement services or other non-monetary benefits.Contact Information:Casey Duhart: LinkedIn ProfileLearn more about her consultancy!Follow her on TikTokJames Crumlin: LinkedIn ProfileCheck out his work!And his famous Capitol Steps Crew Workout!For in-depth stories, actionable advice, and more legal and financial tips, listen to tSupport the show

Client case studies on the value of financial advice ...EPISODE RESOURCESShould I Pay A Financial Advisor $6,000?Support the show

Breaking down the "One Big Beautiful Bill"2025 Federal Tax BracketsSupport the show

Join our email list for Part 2!Support the show

Access the new Private Podcast Feed!Support the show

Join our email list at newmoneynewproblems.com/subscribe for permanent access!Support the show

An unfortunate update on the Trump Budget bill.Support the show

In case it happens to you, here's what to do next ...EPISODE RESOURCESTN Unemployment EligibilitySupport the show

Don't be sucked into these mistakes ... your wallet will regret itEPISODE RESOURCESPMI CalculatorAdjustable Rate Mortgages EpisodeSupport the show

Highlights from "One Big Beautiful Bill" (definitely not my words)EPISODE RESOURCESFull Text Of The BillSupport the show