The Momentum Advisors Show: Recent Episodes
The North Star
The Momentum Advisors centers on personal financial advice, information on entrepreneurship and insight into how you can build a successful financial legacy for yourself––and your community. Allan & Tiffany spend their days advising listeners on how to build and manage their wealth. Find them at http://Momentum-Advisors.com.
Poor understanding of the law can cost you money, opportunities, and peace of mind. From commercial leases to foreclosure battles, too many people sign contracts they don’t fully understand — and pay the price later.
In this episode, Judge Monique Holaman joins us to break down the legal pitfalls she sees most often in civil court. We talk lawsuits, guardianships, special needs trusts, estate planning, foreclosures, and the everyday legal mistakes people don’t realize they’re making.
We are bringing in a special guest this week to shine some light on common mistakes people make when doing their own taxes and high-level strategies for optimizing your tax situation. Alleson is the Founder of Avere Wealth in Atlanta.
At first, we were all so proud of the company that was created to honor the Black man who taught Jack Daniels how to make whiskey. Now, the company is stumbling and critics are having a field day.
Today we offer an alternate take on the situation and share some life and business lessons that can be learned.
The NY Knicks just pulled off the impossible – winning a world championship in a David and Goliath moment. In attaining this victory, the team made some important decisions that made all the difference. Today, we celebrate this team of diverse talent, with players coming together from multiple cultural backgrounds, and pinpoint some life and business lessons we can all take away from Allan’s favorite team.
Once a quarter we sit down and take a look at what’s really happening in the financial markets. This week, we are talking about the K‑shaped economy—a split reality where the top arm of the “K” is doing great, powered by high-income households, asset owners, and fast‑growing technology, while the bottom arm is slipping under the pressure of high borrowing costs, stubborn inflation, and high gasoline prices.
We are breaking down our views on stocks, bonds and crypto and reminding you that now is a great time to sit down with your financial advisor!
Legal Disclaimer:
This podcast is for informational and educational purposes only and should not be considered financial, investment, tax, or legal advice. The views and opinions expressed are those of the hosts and are based on information believed to be reliable at the time of recording, but no representation or warranty is made as to their accuracy or completeness.
Any references to markets, prices, or economic conditions are subject to change and may be influenced by a variety of factors, including unforeseen geopolitical or market
developments. Any forward-looking statements are speculative and should not be relied upon as guarantees of future performance.
The FIRE movement — Financially Independent, Retiring Early — is built around the idea that young people can break from traditional career paths and retire in their 20s, 30s, or 40s. Some followers take an extreme approach, saving up to 75% of every paycheck, which isn’t realistic for most people. But the philosophy behind FIRE still offers valuable lessons about intentional spending, disciplined saving, and designing a life you actually want.
This week we glean insights from FIRE and offer a “diet” version that may work for you.
SpaceX filed paperwork this week to launch one of the largest IPOs (initial public offerings) in history, and we may see several record‑setting public debuts before year-end. At the same time, a flood of new Meme coins (a speculative type of cryptocurrency) is hitting the market—sometimes dozens a day.
This week, we break down these fast‑moving investment trends and lay out some steps for evaluating new investments.
Legal Disclaimer: This podcast does not provide personalized investment recommendations. Before making any
financial or investment decisions, you should consult with a qualified professional who can assess your individual circumstances. Investing involves risk, including the potential loss of principal. Any products, companies, or services mentioned are for illustrative purposes only and do
not constitute endorsements or recommendations.
Making day-to-day money decisions can be incredibly confusing when you are juggling competing priorities like paying off debt, investing for the future, and building a savings cushion. Wouldn’t it be great if you had a simple framework for your money math?
In this episode, we give you some rules of thumb for decision-making and break down "The Co-Holding Paradox"—the costly psychological trap where millions of consumers choose to keep low-yield cash sitting in a savings account while simultaneously carrying high-interest revolving credit card debt.
Nearly half of all Black and Hispanic seniors over the age of 65 are living dangerously close to the poverty line. On today’s show we give financial strategies for surviving retirement on very little and a list of resources for assistance. Please share this very special episode with your older family and friends and church members!
This spring will give rise to many new millionaires across the NFL, NBA, WNBA and other professional sports. Additionally, many of us regular folk will be experiencing new high-paying careers, promotions at work, raises and bonuses. This week we give advice to those who are leveling up financially, with an emphasis on the newly minted pro athletes.
Then we saw a headline this week that read: Americans With Higher Incomes Are Starting to Fall Behind on Payments. It reminds us of the fact that even as we make more money, we can still have financial problems.
On this week’s show we share wealth-building advice for the high income earner.
We are approaching the day when aspiring college students must decide on a university. How do we, as the caring adults in their lives, practice “supportive involvement” and guide them towards the best decision -- one that balances their future goals with your family’s financial readiness?
This week, we poke a little fun at the grammar of gospel songs, while providing sage advice for the young scholars in your life.
There’s a growing list of issues weighing on the markets — the war involving Iran, tensions in the Strait of Hormuz, and rising chatter about a potential new “credit crisis” emerging in private credit. But what is Private Credit? Today, we’ll break down this asset class and explore how it may impact investors and the broader economy.
The Iran conflict is pushing oil and gasoline prices higher, raising inflation fears, and stoking economic worries. While you cannot control what’s happening overseas, there are many things you can do to keep things under control at home. This week we share some budget and investment thoughts that should help you fight back.
Legal Disclaimer: This podcast does not provide personalized recommendations. Before making any financial or investment decisions, you should consult with a qualified professional who can assess your individual circumstances. Investing involves risk, including the potential loss of principal.
With so many tools for obtaining financial advice at our disposal, many people wonder if financial advisors are truly worth their fee. While it’s true that studies show financial advisors help investors earn higher returns and add to their client’s net worths over time, not everyone is happy with their advisor.
On this week’s show, we discuss the two-way responsibility of working with a financial advisor — focusing on the client’s duties, as well as the advisor’s.
In a few short weeks, we have deposed the leaders of two countries — this time violently murdering the leader of Iran. We are dropping bombs, killing innocent people and shaking up the global economy. On this episode, we break down the consequences of the war against Iran, and the impact on you as an investor.
From mass deportations to the dismantling of Diversity, Equity, and Inclusion, many Americans are fed up with the actions of the president. And yet as consumers and investors, we are stuffing the pockets of the very companies that are supporting these controversial initiatives. This week, we shine a light on the movement to #ResistAndUnsubscribe, and highlight Corporate America’s involvement in the Deportation Industrial Complex.
The stock market produced another year of strong results in 2025, despite a whirlwind of policy changes that made our heads spin. But what is the outlook for the market and economy in 2026? Join us this week as we break down our views for what’s to expect for investors.
Black players make up 70% of the NFL, but Black coaches went 0-10 in securing head coaching jobs this off-season.
Despite missing out on those 10 jobs, there are currently a record ten Fortune 500 companies with Black CEOs.
In honor of Black History Month, we are shining light on some inspiring stories of Black leadership in Corporate America.
Less than 1% of venture-capital-backed startups will achieve a valuation in excess of $1 billion. Despite Black-led technology startups receiving less than half of 1 one percent of all venture-funding, there are SEVERAL black-led Unicorns. On this first episode of Black History Month, we highlight a few successful companies that you may not realize were founded by Black people, and dispel the notion that Black businesses need “support” – what they really need is for us to buy their stuff.
It’s tax time and Americans are slated to receive a 25% increase in their tax refunds this year. But at what cost? Our government has also cut a number of social safety net programs like SNAP and Medicaid, and important departments like the Environmental Protection Agency and National Science Foundation.
This week we will break down all of the ways you can maximize your tax refund in light of the many tax cuts in place for 2025, including the return of the State and Local Tax (SALT) deduction.
Studies show that the earlier you introduce a young adult to investing, the wealthier they become. This week, we break down the basic building blocks of investments — Money, Opportunity and Time. We also give kids, parents and rich aunties alike the tools for getting started with an investment account.
The year 2026 is kicking with both feet. In just a few short weeks, the US has captured the President of Venezuela, has threatened to defund sanctuary cities and is making plans towards “acquiring” Greenland. With so much change happening so quickly, what moves should you be making in your portfolio and financial life?
In physics, a single domino can knock over another domino that is 50% larger. If lined up properly, your single initial action could eventually knock over a piece the size of the Eiffel Tower. Instead of coming up with a laundry list of goals for 2026, what if you focused on one big thing that would have a monumental impact on your financial life? We will offer a few examples and stories as inspiration, but ultimately, your choice of domino is completely up to you.
As we wrap up another year, we start the show highlighting some of our major moments from 2025. But more importantly, we play a game to figure out whose Black Card will be revoked for Christmas – Andrea’s or Allan’s? Join us as we cut up with our special guest Baron Hilliard of Momentum Advisors.
Mortgage rates are finally becoming affordable again and there a range of options for existing homeowners and potential buyers. This week, we are joined by mortgage expert Makeda Fryson of Greenway Mortgage, who leads us through strategies for every borrower.
We recently met with a client family who was surprised to learn that they had become millionaires. Their ascension was not based on some singular great investment, but a series of tiny habits like avoiding credit spending, maxing out their 401ks every year, and not taking loans or withdrawals. The book Atomic Habits™ is about getting 1% better each day and creating small habits that lead to great results. This week’s show breaks down some key learnings from the book and applies them to building wealth.
Nearly 80% of Gen Z trusts the financial advice they receive on social media platforms like TikTok. While there are some good accounts to follow, some of the worst advice seems to get the most likes! This week, we will walk through some of the most egregious examples of bad advice we’ve seen online and outline a framework for separating the sage advice from the scams.
In a follow-up to last week's conversation with Repa Mekha, we are discussing the strategies Nexus Community Partners is using to uplift the Black community, including distributing $50 million in grants directly to Black families.
We come to you today from “The Collective Sum,” a gathering of Black community leaders in Minneapolis. Join us in a conversation about community building through investing in “the Four ‘Ships” — Leadership, Authorship, Stewardship and Ownership.
Introducing Nexus Community Partners, a leading community building intermediary that is building engaged and powerful communities of color: www.nexuscp.org (https://nexuscp.org/about-nexus-community-partners/)
The election of Zohran Mamdani as New York CIty’s mayor was controversial for some because he is a self-proclaimed “Democratic Socialist.” His policy ideas include things like free childcare and government-owned grocery stores — all to benefit the people. While Republicans are pointing fingers and name-calling, they are also moving the government in an equally contentious direction - towards “State Capitalism.” The federal government is quietly making equity investments in public corporations — in the name of national security but ultimately for profit.
This week, we are highlighting the sea change happening in American politics, and giving you practical advice for putting you in a position to win, regardless of which direction the wind blows.
Credit cards are a game of Pimp or Be Pimped, and the credit card companies are winning. Americans are sitting on a record $1.2 trillion of credit card debt, with an average interest rate of 22.8%! This episode exposes credit card traps and gives advice on how to turn your credit cards into treasure by taking advantage of rewards programs and cash back offers. We also walk through a framework for picking the right credit card.
This year's financial markets have been a roller coaster, delivering strong—yet volatile—returns. Federal Reserve Chairman Jerome Powell describes the current labor market as "low hiring and low firing," where job openings have dried up but mass layoffs haven't materialized. With a new wave of stimulus hitting the economy (tax cuts and lower interest rates), we break down our views on what happens next for investors. Unrelated, and just for fun, we also have a little fun describing the perfect PBNJ sandwich!
Are you a high-income earner who still struggles with money? You might be spending like a drug dealer—making it fast, and burning through it even faster.
This episode reveals the shocking truth that high-income earners often make worse financial decisions than low-income earners. It all started when a new client was chastised by her friends for her low savings, despite her huge salary.
We dive into the irrational mental traps that cause lifestyle creep and overspending, including a quiz that proves how your brain tricks you. More importantly, we break down rules of thumb for managing your spending so that you can learn from those who do more with less.
Stock options aren't just for Wall Street pros anymore. Last week's record trading volume proves everyday investors are diving in - but do they really know what they are doing?
Whether your goal is to trade options for speculation or to hedge a stock investment, we will educate you on these complex strategies with some simple analogies and memorable stories.
The government has shutdown every 2-3 years on average over the past 50 years. However, many people are worried that it feels different this time. While we may not be in a recession, we are experiencing a “growth scare” - a rise in economic anxiety. Join us this week as we break down strategies for surviving this crucial moment.
The retirement account that has been around for nearly 50 years hasn’t changed much… until now. Starting next year, everything is different. We’re diving into the major new investment options—private equity, hedge funds, and crypto—that could redefine your portfolio. We also cover major changes to "catch-up" contributions for high-income earners over 50. Tune in this week for the breakdown you need to maximize your retirement savings under the new rules.
Did you know your ability to negotiate directly impacts your ability to create wealth? This week, we are helping you to stop leaving money on the table. We sit down with attorney and author Damali Peterman, who literally wrote the book on the subject. She'll reveal the key principles you need to persuade people and get what you want, whether it’s a higher salary, a better home price, or a more beneficial business deal. Tune in to learn the secrets that will turn you into a master negotiator.
Artificial intelligence is increasingly becoming a crucial part of our daily lives. With economists estimating that this technology could add $15.7 trillion to the global economy by 2030, a key question remains: are you positioned to profit from this growth?
This week we are breaking down all the ways you can invest in AI, from individual stocks to specialized funds, ensuring you don't miss out on this generational opportunity.
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Normally we start our shows with small talk and social commentary, and then we move into our financial topic for the day. This week was so heavy, though, with all the difficult events happening across the country — an assassination, a school shooting and death threats targeting Black college students. So, that's all we're talking about in this episode. We hope to be back to our usual format next week.
Looking for a way out of the current political climate? You're not alone. Over 5.5 million Americans have already moved abroad.
In this episode, we'll tell you where people are going and what's motivating them to leave. We'll also cover the crucial steps to take before you go, including the surprising tax implications of becoming an expat. Plus, we'll share our own recent observations from a trip to London.
This week, we're talking with Lulete Mola, executive director of the Minnesota Black Collective Foundation. As one of the few social justice organizations with an endowment, they're leading the way in funding Black-led nonprofits. Join us as we dive into their work and explore the critical role of strategic planning in philanthropy.
August marks Black Philanthropy Month, a vital initiative launched in 2011 to champion funding equity and uplift philanthropic efforts within communities of African descent. This focus is more critical than ever, as the percentage of funding directed towards Black charities has decreased by over 30% since the surge in giving that followed George Floyd's death.
In Part One of this two-part series, we'll dive into the fundamentals of philanthropy from the perspective of non-profit leaders. We'll explore the "5 T's of philanthropy" and discuss effective funding strategies designed to build a sustainable organization. You'll also get an introduction to the Minnesota Black Collective Foundation.
Our employer retirement plans, collectively holding over $12 trillion, are often our largest assets. For years, the conventional wisdom has been to roll these funds into IRAs when changing jobs. However, a troubling trend is emerging: one-third of workers are cashing out their plans when they leave a job, wiping out their savings. We're also seeing a record number of people taking hardship distributions from their 401(k)s, and even social media influencers are encouraging people to cash out their retirement funds entirely.
This week, we're diving deep into this alarming trend of mismanaging retirement savings. We'll explore the reasons behind these decisions and, more importantly, provide practical advice on how to get your retirement planning back on track.
Medicaid, the government health insurance program for individuals with limited income and assets, often becomes a crucial consideration for families aiming to protect their savings and preserve inheritances when anticipating significant healthcare costs. The program has always been complex and now it’s getting trickier in the face of steep budget cuts by the Trump administration.
This week, we explore strategies families use to qualify for coverage, including the controversial tactic known as "Medicaid divorce." Join us to understand this emergency lifeline and its implications for your family's financial future.
The tax changes we previewed a few weeks ago are now law. Trump’s OBBBA (we are affectionately calling it the “One Blankity Blank Bill Act”) is set to impact everyone in different ways — delivering big savings for some high income earners, and taking away financial safety nets for others.
Join us this week as we dissect the tax changes and show you how they'll directly affect your pockets. We will also address the elephant in the room…while everyone's focused on lower tax bills, multiple economists project a $3 to $5 trillion surge in our federal budget deficit over the next ten years.
A record three million young adults are heading off to college this fall, and for many parents, this milestone brings a powerful mix of emotions: immense pride, underlying fear, and a touch of heartbreak. But beyond the emotional rollercoaster, there's a sudden, stark reality – your 18-year-old is now legally an adult. This means no more automatic access to their grades or healthcare decisions.
Join us as we tackle this significant transition with the help of 3 special guests - the Momentum Advisors' summer interns. We'll explore the landscape of sending your child to college and, importantly, guide you through the legal preparations. We'll also introduce you to the MamaBear website, a valuable resource for preparing the necessary legal documents to help you navigate this new chapter.
Homeowners have access to a record-breaking $35 trillion in home equity. With interest rates uncomfortably high, tapping into that wealth has become complicated. Traditional options like HELOCs and second mortgages are expensive, and new companies are pushing "Home Equity Investments" (HEIs)—deals that often seem too good to be true.
On this episode, we break down all your options for accessing your home equity, from understanding the risks of HEIs to exploring the pros and cons of reverse mortgages, HELOCs, and traditional second mortgages. Learn how to unlock your home's cash without risking your financial future.
A perfect 850 FICO score is a rare feat, held by just 1.54% of credit-holding Americans. This aspirational target is becoming even harder to attain as the credit landscape continuously evolves. Join us this week as we break down upcoming changes in credit calculations and put Andrea's credit expertise to the test.
Wedding season is in full swing! With over 2 million marriages annually, summer and fall are peak times for couples to say 'I do.' Beyond traditional nuptials, many same-sex couples are exploring civil unions and domestic partnerships. Join us today as we delve into all your options and help you navigate taking your relationship to the next level!
Despite unauthorized immigrants comprising less than 5% of the American workforce, the government is pursuing mass deportations. The stated goal is to open up jobs for citizens, but will it work? This week, we explore the complex social and financial implications of current immigration policies. We'll shed light on the vital role unauthorized workers play in our labor force and the potential economic fallout of their absence.
Whether it's scaling down, moving up, or diving into the home-buying market for the very first time, people are navigating a wide range of housing journeys. In this episode, we sit down with real estate expert Kim Primus to break down the issues, challenges, and opportunities in the real estate market today. If you are an aspiring investor, buyer or homeowner, you don’t want to miss this one!
Find Kim on Instagram @kimprimusnjrealtor
Congress is weighing major tax cuts and small yet concerning budget reductions. In this episode, we break down how these shifts might impact you personally. Plus, with summer fast approaching, we offer practical tips to help recalibrate your household budget after the overspending you probably experienced in May.
Every parent wants their child to grow into a responsible, happy and hardworking adult—but how do you make that happen? With summer around the corner, we’ll explore ways to instill these values through meaningful experiences. Special guest Storm Reaves joins us for an insightful conversation on how summer employment, household chores and enrichment activities can shape lifelong habits.
We’re witnessing a time of swift change, with government policies evolving rapidly and economic uncertainty increasing. As consumer confidence declines and financial worries grow, join us this week as we offer our insights on what’s ahead for investors.
Government waste, fraud, and abuse make headlines, and tightening the belt sounds like common sense. But what's the real cost in Black and Brown communities and vulnerable populations? We go beyond the bullet points to uncover the hidden impacts and, most importantly, explore how we can protect and prepare. This episode features a special guest – Lawrence Hibbert of BCT Partners, one of the largest Black-Owned management consulting firms in the country.
The next generation of entrepreneurs isn’t starting from scratch—they’re taking over thriving businesses. As baby boomers retire, a massive opportunity is unfolding for ambitious buyers ready to step in and build on existing success. This week, we dive into the tips, strategies, and financing tools that can help you acquire a business and buy yourself a job. We are also introducing an innovative organization called New Majority Capital which is leading the charge.
Sink your teeth into a conversation where we expose the companies and personal habits that quietly drain your budget. Without spoiling the movie Sinners, we’ll guide you through the hidden costs lurking in your daily life—helping you dodge the bite. Join us as we highlight the film, step on some toes, and illuminate the dark corners of financial pitfalls.
Seeing red in your stock portfolio? You are not alone. The crucial question is: when do you hold, and when do you fold? In today’s episode, we tackle this vital decision. We'll guide you through the proper steps from picking a stock to buy to understanding the often-difficult decision of when to sell. We also cover the week's most important market news.
While many people and the stock market celebrated Trump’s 90 day pause on tariffs, we saw a different story unfolding in the bond market and with the dollar. America’s global position as a safe haven in times of economic trouble may be slipping away. Today, we discuss how policy mistakes could push the country into a recession and what to do in your own portfolio and financial life to prepare for this uncertain future.
We hosted a special live event at the Jack and Jill of America Eastern Region Children’s and Middle School Cluster at American Dream Mall in NJ. The initial plan was to lead a conversation with mothers around navigating wealth inequities. However, with tariffs announced, and a historic sell-off in the stock market, we pivoted to take questions on protecting and preserving wealth in times of uncertainty.
The Momentum Advisors podcast is all about wealth building, investing and entrepreneurship. In this special preview episode, Allan Boomer and Andrea Gray share what’s ahead for the show, including fresh topics, new perspectives, and what listeners can expect in upcoming episodes.
n the second installment of our series, we explore the leadership aspects of establishing generational wealth. This includes strategies for guiding the next generation through financial education and involving them in the legacy planning process. We also shine a spotlight on inspiring examples of Black families, outside of sports and entertainment, who are successfully cultivating enduring wealth.
This week, we’re tackling the growing list of topics keeping investors up at night — from the 10% drop in the stock market to the constant stream of tariff updates and government layoffs. Join us as we break down these pressing issues, provide historical context, and offer practical ideas to help you navigate your next financial moves.
Have you ever wondered how families like the Hermès, Kennedy, and Walton dynasties build wealth that spans generations? We find that generational wealth is a common aspiration, yet many of us are unsure of how to achieve it. In today’s episode, we'll delve into the strategies used by these famous families, highlight inspiring examples from the Black community, and share actionable advice on how you can start creating generational wealth today.
In honor of International Women’s Day and Women’s history month, we are dedicating this week’s show to all of the ladies! Join us as we quiz Allan’s knowledge with some intriguing statistics about women and provide advice that’s specially tailored for the better half of the population!
As we conclude Black History Month, we're diving into the experience of being financial advisors (who happen to be Black). Join us as we explore the joy and pain of the profession, and discuss why you might consider working with—or even becoming—one of us.
Generational divides aren't just about music and fashion – they extend to money. This episode dives into the distinct financial perspectives of Baby Boomers, Gen X, Millennials, and Gen Z, revealing their blind spots and key traits. Plus, we'll provide tailored financial advice for each generation.
This week, we're tackling the pressing question: How will the new administration's actions shape the economy and financial markets? Tune in as we offer actionable insights and strategies to adapt your portfolio amidst expected market turbulence. With volatility on the horizon, brace yourself for a bumpy ride ahead. Buckle up!
With boycotts sweeping the nation in response to recent government and corporate actions, how can everyday citizens make their voices heard? In this episode, we delve into the power of historical boycotts and discover the potential each of us holds to use our wallets and investments to incite change.
We are only a few weeks into 2025 and we are already facing intense wildfires and multiple plane crashes. But what truly captured our focus this week is the attack on our fundamental values through the war on Diversity, Equity, and Inclusion (DEI). In this episode, we explore the ramifications of the President's executive orders on our lifestyle and financial well-being. We also discuss how you can make your voice heard through impactful investments and mindful spending. Join us for a vital conversation on safeguarding our values during these turbulent times.
In the circle of life, we transition from being cared for as babies to needing assistance as seniors. In this second episode of our series, we dive into the essential steps you should consider implementing in your parents' lives today. From updating beneficiary forms to canceling unnecessary subscriptions and safeguarding against romance scams—we provide a comprehensive game plan for managing your parents' affairs with confidence.
As adult children increasingly reach out with concerns about their parents' and grandparents' finances, a troubling trend emerges: despite having sufficient resources, aging loved ones are struggling to stay on top of their financial responsibilities due to memory decline. Unpaid bills, service disconnections, and collection calls are becoming all too common.
In this first episode of a two-part series, we’ll dive into essential actions you can take now to protect your family's elders and ensure their financial stability before it’s too late.
Welcome to 2025! As we ring in the new year, many of us are eager to reinvent ourselves. But let’s face it—the “old you” is the one doing all the heavy lifting! Join us this week as we offer advice to help your current self pave the way for a fresh start. Plus, we'll provide you with a micro-dose of easy financial tweaks that can lead to significant rewards throughout the year. Get ready to embark on your transformation journey with practical tips and small, impactful changes.
Allan and Andrea recap 2024’s top episodes, covering investing, generational wealth, and financial freedom. Tune in for key lessons and prepare for a prosperous 2025!
America is a nation of consumers. Two-thirds of our economy relies on us buying stuff. And thanks to technology – from Buy Now, Pay Later to the endless stream of ads – shopping has never been easier. But for many, this ease comes at a cost. In this episode, we delve into tips and strategies on how to recognize whether you have a problem and how to fix it.
Many young people today struggle financially, often feeling like they must abandon traditional goals such as homeownership and retirement. This week, we unpack what it truly means to achieve a better financial life than your parents and how you can navigate your way to your piece of the American Dream.
Inflation numbers are currently under control. However, the long-term cumulative effects of inflation will be felt for years to come. Plus, the upcoming presidential administration could trigger a resurgence in higher prices. This week, we discuss practical strategies and ideas for what to do IF inflation were to make a comeback.
Exposing kids to investments early in life helps prepare them for successful financial lives. As we enter the holiday season, we break down ways to give stocks and cryptocurrency as gifts to the young people in your life.
This week, Bitcoin approached an all time high of $100,000 after trading below $20k just 2 years ago. While the wind is at the back of crypto enthusiasts, we want to take a minute to walk thru the pros and cons of digital currencies.
You are working hard to build your net worth, but how do you ensure everything you’ve built gets passed on to your heirs? This week we are breaking down some basic estate planning terms and also introducing you to a special type of Trust that is designed to protect your home and bank accounts from creditors.
We are all either disappointed or elated after the election. The incoming President has made a bunch of bold predictions and his voters expect a much brighter future. This week, we'll dissect his campaign promises and explore what they could mean for your wallet and the economy.
Every day we are bombarded with important decisions to make. Some are of little consequence, like where to eat lunch. But other decisions really matter – like which job offer to take or home to purchase. In this episode, we break down the psychology behind decision making and the pitfalls to avoid. We also introduce you to two frameworks for making better decisions in your personal and financial lives.
Three years of high inflation has many households stretched, especially lower-income families. A popular question being asked of voters right now as we head into the election – Am I better off today than I was 5 years ago? On today’s show, we will discuss the state of the US economy and, more importantly, our collective PERSONAL economy. And if you are doing worse than you were in the past, we will give you some tips and strategies for improving your situation over time.
The last 2 years have been great for folks with “extra money” because there have been a lot of opportunities to earn high yields on cash. However, with the Fed cutting interest rates, those opportunities are going to start to dry up over time. On today’s show, we break down a range of ways to earn income/yield on your money. We break down everything from High Yield Savings accounts to Dividend Stocks, and we also introduce you to REITs (Real Estate Investment Trusts) and BDCs (Business Development Companies).
Seventy four percent of Americans have a financial regret. The biggest source of regret is inaction. When we don’t do something, we romanticize how much better our lives would have been had we chosen that direction. On today’s show, we will break down what causes (financial) regret and how to avoid this counterfactual emotion.
It is becoming more and more apparent that global warming is causing a rise in weather-related disasters. Less than a week after Climate Week, the annual gathering of experts discussing climate action, Hurricane Helene wreaked havoc all over the South. In the 1990s and 2000s, the US averaged just 8 storms per year that caused more than a billion dollars in damage(adjusted for inflation). Last year, there were 28. This week, we are breaking down the connection between the environment and the cost of insurance and real estate.
We are in the 3rd year of college (and high school) athletes being able to cash in on their Name, Image and Likeness (NIL) for endorsement deals. Total compensation to amateur athletes is currently around $1.67 billion and is expected to exceed $2.5 billion by 2026. Many student athletes are earning six and seven figure compensation as teenagers. On today’s show, we school you on the trends in college sports, and break down financial advice for the new crop of NIL Millionaires.
Sometimes the best laid plans in business simply don’t work out. Today, we tell the story of a family whose entrepreneurial journey isn’t going the way they expected and discuss ideas for turning the situation around. We will review ways to safeguard your business deals from the beginning and break down your options for moving on from a bad business.
The truth about target date funds and other funds in your portfolio.
When most people hear the word “fund,” they have no idea what it means. Is it safe? Is it risky? A fund is nothing more than an empty brown paper bag. What matters most is what’s inside. On this week’s show we will teach you how to analyze funds and also introduce you to a new financial product called custom direct indexing.
We define financial self-esteem as the intersection between financial literacy and self-image. This concept impacts how you spend money and work towards your financial goals. On today’s show, we are breaking down this important construct and giving tips on how to improve your financial confidence.
We all loved watching the games. But what can we learn from the biggest competitive sporting event in the world? On today’s show, we will discuss the history of the Olympic Games, and break down some lessons in life, and money, that might get you your own gold medal one day.
Federal Reserve Chairman Jerome Powell is in the hot seat. The labor market is slowing down, the stock market is stumbling and interest rates are uncomfortably high. On this week’s show, we will break down why the Fed hasn’t cut interest rates just yet and preview why lower rates may be around the corner.
Also in this episode: Who is Jerome? What is the Fed? And how do they impact the economy.
With Americans changing jobs frequently, a staggering $1 trillion in 401(k) funds is rolled over each year. This week, we'll delve into strategies for managing your old 401(k) after job changes and what to do if you inherit a retirement account. We'll also discuss the crucial role of a fiduciary financial advisor and the upcoming rule change that will strengthen protections for clients with retirement accounts. This new regulation will require more financial advisors to prioritize their clients' best interests, though not in all situations.
We all know what the polls and the pundits are saying about the election. But what does Wall Street think? This week, we break down a growing but obscure corner of the financial market – the prediction market. We discuss what the prediction markets are forecasting (newsflash its different than the polls) and the “privilege wheel” of political power.
This week, Microsoft and CrowdStrike caused the world to temporarily grind to a halt. Flights were grounded, hospitals struggled, and emergency services faced disruptions - all because of a tech glitch. Now, closer to home, what if your bank suddenly went silent? This week's episode dives deep into the recent technology outage, then zooms in on your personal finances. We'll discuss Single Points of Failure lurking in your everyday life, and equip you with practical strategies to build a safe financial operating system. Learn how to create contingency plans and weather unexpected storms, so you're never left scrambling to pay for groceries or feeling financially unsafe.
Most people have a “bucket list” - a list of things they want to do before they die. When’s the last time you thought about yours? Are there any financial goals on the list? On this week’s show, we discuss the bucket list concept and the importance of not waiting too late to start living your best life.
Check your social media and you will find endless stories about everything BUT the Supreme Court’s decision to grant full immunity for criminal acts committed by past and future presidents. This week, we are discussing politics, the economy and how we are defining what Black jobs ACTUALLY are.
With electric vehicles gaining popularity, have you ever run the math to see if they are really worth it? Have you considered adding solar panels or buying your home electricity from a third party? Today, we are answering all of these questions and more! We also describe a contract parents can sign with their kids this summer.
It’s election season. We have two elderly men running neck and neck in the presidential race and one candidate is gaining ground with Black men. Today we will discuss the impact of politics on your bottom line, and Biden’s report card for Black America. But most importantly you will learn why Andrea was accused by her son of being “the fun sponge!”
Diversity, Equity and Inclusion is under attack in America. This month, the Supreme Court stopped the Fearless Fund from making grants to black-women entrepreneurs. Colleges are moving away from race based admissions and several states are banning DEI initiatives. While you may not have control of any of these issues – one thing you have complete control over is how you spend and invest your money. In this week’s episode we will discuss ways in which you can put your money where your mouth (and heart) is.
Last week’s episode discussed the costs associated with a major illness like cancer and how your medical insurance works. This week, we are talking about disability insurance, long-term care and somehow Allan’s dog (who has an interesting palette). Second episode of a very special series
We recently heard several stories of people whose financial situations got turned upside down due to illness. Often you hear of these situations where people have no insurance. What was unique about these stories - they all had jobs with employer provided health insurance. And yet they all wound up filing for bankruptcy. On today's show, we will discuss the cost of getting sick (hint: it's more than just medical bills) and the ways you can prepare today!
Three quarters of Americans are stressed about their personal finances. Many of us should be. But there are also many people with significant financial resources who are stressing themselves out for no reason. On this week’s show, we will walk through the steps of easing your financial stress so that you can stop “tripping!”
Studies show that people with low levels of financial literacy are 5x more likely to have sufficient emergency savings, 6x more likely to live check-to-check and 3x more likely to lack confidence in their retirement income prospects. On this show, we will quiz you on the “P-Fin” test to ensure you have what it takes to go from financial literacy to financial fluency!
Last week we discussed “the tuition treadmill” which is the idea of running on an endless treadmill of paying tuition for multiple kids. We are finishing that conversation today, but we are also going to talk about two other treadmills: the work treadmill as well as the health treadmill. This show talks about managing tuition, saving for retirement (especially for business owners) and getting healthy, which is the most important treadmill of them all.
There are more than 1 million families with multiple kids in college at the same time. For many of us, paying tuition feels like a treadmill that will never end. In this week’s show, we give you strategies for managing college costs, and we also break down how the new and improved FAFSA works. Spoiler alert — goodbye to the sibling discount.
As financial advisors, we get a lot of questions… Is the economy heading towards a recession? When will the Fed cut interest rates? What’s happening in the stock market? On this episode, we will answer those questions. But more importantly, we will give YOU a list of questions that you must answer in your OWN financial life. Some of these questions, you can figure out with your financial advisor. But there are other questions that only you can answer.
After a long break, we are back! There has been lots of talk this week about the pay disparity between WNBA players and NBA players. Despite dazzling the country in the NCAA Women’s Basketball Championship, Caitlin Clark will earn less than $80,000 per year, while NBA players will earn more than 200x that amount. While there is a huge pay gap in professional sports, there is also a pay gap in Corporate America – women earn 82 cents on the dollar compared to men, and the figures are even more stark if you consider race. On this episode, we discuss the pay gap, but more importantly, we give tips and strategies on how to close it.
Most people are getting excited about "March Madness" but what we're seeing and hearing about even more is mortgage madness. Reports shows that a lot people are out here refinancing mortgages right now even though they're going to end up with a considerably higher interest rate. On this episode, we talk about all things mortgage including when it is--and is not--a good idea to refinance.
Have you heard the story about the Uber driver who won the lottery and was still driving Uber? Well, we have and we know it firsthand. On this episode we talk about what happens when you actually hit the lottery, the Powerball, the MegaMillion? How much money do you get, when do you get it, who should you know, and how should you be thinking to make this miracle a long-term blessing.
In the passed 30 days, Allan and Tiffany have bought 2 cars: one for their business and one for Allan’s family. In times past, Allan was adamant about the "proper" way to buy a vehicle, even though his thoughts were very different from Tiffany's. It turns out, after these two new car purchases, Allan is ready to admit his wrongs. Tune in to this episode to learn all about buying a car in today's climate and how what you thought may be best, may not suit your car buying needs in the end.
What happens when one friends starts making considerably more--or less--than the rest of the friend ground? Do you feel like you have to change your friends as your financial situation changes? Did you get married, get a promotion, get laid off, have a baby, or some other financial milestone, and now you feel left out of the group chat? On this episode we get direct about how a change in someone’s financial situation can have ripple effects throughout their social groups and meaningful friendships.
First, it’s Black History Month and we couldn't be more excited! Second, Byron Allen is in the news this week for offering to buy Paramount Global for $14.3 billion dollars. People may recall that he also attempted to buy BET Media group for $3.3 billion just a few months ago. This reminded us of Allan's hero, super-entrepreneur Reginald F. Lewis, and his book, "Why Should White Guys Have All the Fun?" On this episode we dissect the prominent business moves of Byron Allen and share how you can be even more successful by taking some simple advice from his career story.
Every so often we have to get serious and talk financial markets. What has (really) happened, what is going on right now, and what we think is on the 2024 horizon. On this episode we talk about the ever-elusive recession, declining interest rates, the recall of inflation, and why 2023 was the year of "Wipe Me Down!" (Spoiler Alert: We still aren't serious!)
It’s that time of the year when raises, bonuses, or promotions start to happen and you are on track to make more money in 2024 than you did in 2023. What should you do to make the most of this financial increase? On this episode, we teach you how to ensure this new money--no matter how big or small--lasts longer and goes farther this time around.
Allan’s childhood friend died last week and the family has to do a GoFundMe to cover necessary expenses. On this episode we highlight some of things to do, now, to make sure your family is prepared for when there is an emergency and/or loss of a loved one.
All everyone is talking about is Shannon Sharpe’s interview of Katt Williams on "Club Shay Shay", which racked up over 22 million views in just a few days. Well, we have decided to join in on the conversation. While there may have been some mudslinging and a few tall tales mixed in to the interview, there were even more important notes and advice on business, leadership, and economics. There is a lot we can all learn from Katt Williams and we are going to highlight it all in this episode.
We all know how much Tiffany loves Christmas. Well this year in addition to celebrating Christmas, she will also be celebrating Kwanzaa for the first time. On today's episode, we will talk about how you can celebrate both. Not just for one day but, all year long. We also highlight how both are closely tied to your financial growth for the new year.
What does it take to become wealthy and financially triumphant? This may seem like a really complex question to answer but we know firsthand that it is not. On this episode we share several true stories of triumphant financial success that we see every single day in the Black community. And the underlying theme in each story is how "common" these people's jobs, lives, circumstances, and decision-making was in achieving true wealth and financial freedom. Moral of the episode: the path towards financial triumph is readily available to you right now.
You've almost made it to the end of the year and we're sure you've made some common, innocent mistakes that have cost you financially. Don't feel bad, we all do it. On this episode we are recounting true stories and sharing common life mistakes that eventually cost you big later down the road. Some of these might sound familiar, while others may be a cautionary tale that saves you--and your bank account--a major headache.
So many people have the goal of being rich but do you know what dollar amount defines if you are rich or not? Do you know how to actually become rich? Do you know the difference between rich and wealthy? On this episode we help you determine if you are rich or not. We also talk you through what it means to be rich and how to get there if you're not on your way already.
As we move through Thanksgiving and officially into the holiday season, we break away from our traditional content to discuss how thankful we are for all that we have and all there is to come. On this episode, Allan and Tiffany reflect on what being thankful really means to them, what they are truly grateful for, and the miracles they want you to start expecting for your life today. This episode is sure to move and/or motivate you to keep going.
Are you newly in love and/or ready to move-in with your partner? Are you at the beginning of a serious relationship and you want to take it to the next level? Well that means it's time to talk about money and (potential) joint wealth building. On this episode, we highlight what it means for your wealth when you move-in together or decide to get married. We also go through some tactics you should start to implement to make sure your combined wealth building relationship starts off on the right foot.
It's easy to get excited when you get a pay raise, receive an inheritance, win a prize, get great returns on an invest, or even "make a little extra money on the side." But did you know, that ain't all your money? On this episode we talk about how taxes impacts every single dollar that you touch—whether you earned it or it was given to you. We break down each tax bracket, tax deductions vs tax credits, and tell you how to really understand how much is actually yours to spend.
You may not want to hear it but the end of the year is approaching. Which depending on your situation could include: figuring our whose cooking for Thanksgiving, holiday gift shopping, and "cuffing season." While one or more of those scenarios may be on your list we have a few financial checklist items that we need you to cross off before the year closes out. This episode highlights how to get your financial affairs in order by the end of 2023 so that there are no surprises in 2024.
When it comes to financial matters, men and women do things very differently. But how differently--and why? While we know that individuals vary widely in their financial behaviors and attitudes, studies have shown that there are some major differences between men and women and how they manage their finances. On this episode, we highlight what those differences are and how we can all learn from them.
When it comes to having a diversified portfolio one of the most common investment vehicles included is bonds. And while bonds are typically considered "safe investments" that doesn't mean they are safe for society, the environment, your gender, your children, or your community. On this episode, we highlight how to have a positive impact with your bond investments and how to ensure your "safe investments" aren't ruining the world around you.
Homecoming for Allan and Tiffany looked very different this year as their alma mater experienced a violent shooting on campus and therefore all Homecoming festivities were cancelled for the first time in over 100 years. This episode talks about what was NOT cancelled! Including the opening of our new business on Morgan State University's campus and all the trials and hiccups that tried to prevent us from remaining #MorganStrong. This is a very special episode and we hope you take a listen.
So is the U.S. dollar going to zero or not? Are the BRICS conspiring against our currency? Is the fall of the U.S. financial markets finally upon us? And if so, can Beyoncé save us all? On this episode we answer all of these questions and more as we focus on the value of currency--both global and U.S.--and what you can do to save yourselves.
Artificial Intelligence! Allan’s mom recently asked him if he is using that “A-L” she’s been reading about everywhere. Of course, she
meant A.I. as in Artificial Intelligence. Well the answer is, "Yes!" We're all using it, whether we know it or not but it's a lot more complex and advantageous than you may think. On this episode we talk about where A.I. came from, where it's going, how it's impacting the financial markets, and how you can make money from A.I. starting today.
The Federal Reserve ("Fed") has raised interest rates so many times over the last several months that it's almost impossible to remember when rates were below 4%, just two years ago. However, in the words of Tiffany, “We are here now!” So how do we take advantage of this unique
moment in time--as savers--while also dealing with it's ramifications, as borrowers and asset owners? Well, the answers are on this podcast episode where we share the joy and pain of high interest rates and how to capitalize in your bank account today.
Do you have a budget? And if so, do you actually follow it? Or are you one of the 53% of Americans that doesn't follow a budget because you don't know how, don't want to, or you feel like you don't make enough money to budget with? If any of these apply to you, I guarantee we can change your thinking. This episode talks about what a budget actually is--and what it is not. We also highlight various budget styles that you may have never heard of that could work best for you.
What happens when your investment doesn't go as planned? Should you throw the whole plan away, was it a faulty investment, or were you the problem? Whatever the case, you're not the only one. Many investors make mistakes--including us! On this episode we talk about the common pitfalls of investing and how to avoid them. We also share which one of our investments that didn't work out that has us going to court this week.
Are you ready to move to a new city or state? Is it time for a change or maybe you're looking for a new career opportunity? You may be looking at a better cost of living or switching up for higher quality of life. Whatever the reason is, there's a right and wrong way to have a financially responsible move. On this episode, we take you through an entire checklist of all things you should consider before, during, and after you move to a new place. We also share tips on how to save money while you're at it.
We missed taping last week's episode because we were having such a good time during our annual trip to Martha's Vineyard. It's a place rich in Black history that's known for being "for us, by us." On this episode we share more on the history, entrepreneurship, and wealth that thrives and is generated on Martha's Vineyard.
We’ve done shows in the past with advice on planning to pay for your child's future college education--but what about paying for college right now?! Allan's oldest son is an emerging freshman at NYU and Allan discusses what it's really like to pay for college in real time. On this episode, we will also review payment plans, “extra costs”, and loan options. At the end, Allan will also talk about he we saved money on his bill without any scholarships dollars.
Earlier this week Jaylen Brown received the largest contract in NBA history. And with the emergence of his new wealth he publicly stated that his goal is to "use his generational wealth for good" by launching a project to bring Black Wall Street to his community. While a lot of us have heard of Black Wall Street, I don't think a lot of us know what it took to build it. On this episode, we break down what it took to build Tulsa's Black Wall Street and what it will take for you to build your own Black Wall Street--in your household. Spoiler Alert: You don't need $303.7 million dollar NBA contract to do it.
Parents invest so much of themselves, emotionally and financially, in raising their children. But the time may come when the financial contribution has run longer than expected, and you find yourself taking care of your adult children in ways that you may not have anticipated. On this episode we walk you through when and why it's time to cut your adult kids off, and how to do it effectively.
This week we finally accomplished the hardest thing we've ever had to do as entrepreneurs-- secure a business loan! With 20+ combines years of experience as successful entrepreneurs, with several positive balance sheets, and strong credit, we've never managed to get approved for a business loan until now. Tune in to hear how we did it, as well as, tips on how, when, and why to get yours. Spoiler alert: your DUNS number isn't likely to help much.
It's Tiffany's birthday--again--and we're celebrating the only way we know how: with shenanigans! If you're looking for a newsworthy, financially-informative episode... this is not it. At least not this week. Join us as we highlight fun facts and tidbits about the year Tiffany was born. I promise you'll be shocked and will have a good time celebrating one of your favorite co-hosts this week.
Are you currently an entrepreneur or are you on your path to becoming one? Maybe you're considering becoming an entrepreneur but you're just not sure the best way to go about it. On this episode, we highlight the two very distinct ways to go about becoming an entrepreneur based on your business model, personality, and startup capital--or lack thereof.
Most Americans have some type of debt in their lives. However, debts vary widely in more ways than you are probably even aware of. For instance, do you know the legal definition of debt? Do you know the difference between debt, a loan, and credit? Do you know how much you have in "good" debt versus "bad" debt--and why? On this episode, we break down everything you didn't know about your debt and how to pay it off.
"It’s the most wonderful time of the year..." again and so most of us are starting to gear up for gift-giving season. What is your plan of attack: Do you put a list together in advance, are you freestyling it, or do you wait to the last minute and let the spirit move you? Whatever your plan is we can make it a lot better by sharing top strategies for saving money during the holidays and financial gifts to consider as you share the gift of wealth building.
Congratulations! We are in graduation season and we are seeing graduates, of all levels and ages, entering into a new financial landscape. Allan’s son graduated from high school this week and now has to navigate becoming an independent college freshman away from home. This episode is for recent college graduates--and their parents--as we discuss what you both need to know as you enter into a new financial landscape, to be better prepared for life's next steps.
Having a baby is one of the most momentous experiences of your life, but it can also be one of the most expensive. Spending money on essentials like housing, childcare, and food, can can add up more quickly than you expect. Especially when there are a lot of additional expenses that no one speaks about. On this episode, we talk you through all the costs and considerations associated with raising a child. Not to scare you--but to prepare you!
Since the beginning of this podcast, Allan and Tiffany have openly shared their experiences, mistakes, wisdoms, and the personal relationships that have a lasting impact on who they are today in wealth, business, and friendship. One of those pivotal influences has been Robert "Bruce" Hawkins, Tiffany's father. On this episode, Tiffany shares the news of the recent passing of her dad while Allan and Tiffany discuss the various ways in his Mr. Hawkins impacted both of their lives.
Whether we're headed towards a recession, you got laid off from your job, or you just want to be more responsible about your spending, you never need a good reason to cut down on your expenses. On this episode, we highlight a variety of ways to tighten your budget and get closer to your financial goals.
It's time for some spring cleaning! But we're not talking about your closet or your refrigerator, we're talking about your old, dusty assets. Often times so many of us move cities or change jobs and leave a litter of old banking and investment accounts in the wind. You stopped receiving statements and ultimately you forget all about those assets. On this episode we talk about who should be looking for these accounts and how to get the money back in your hands.
Whether you think you're too young or too old to start building your wealth, you're wrong. There are several key steps you can take at every age to create financial freedom and security for whatever your heart desires. On this episode we discuss how to start to build wealth at every age with a decade-by-decade guide on how to grow your wealth.
First there was the collapse of Silicon Valley Bank and Signature Bank. Then
Credit Suisse was sold to UBS. And this week, the CEO of Cash App was murdered, prompting many people to speculate if Cash App would be next to go out of business. On this episode we discuss digital wallets and digital currency. In a world where our financial building blocks seem to be crumbling all around us, what do we really need to know about Cash App, Venmo, Zelle, etc.?
So many people have the goal of being a millionaire or at least having a million dollars saved in the bank but what does a million dollars really get you? Is it enough for you to leave your job? Will a million dollars guarantee you the ability to "live your dreams"? We have the answer on this podcast episode as we walk you through what $1,000,000 really means and if it's even enough.
Life happens! You lose a job, have an accident, get a divorce, or expenses just creep up on you and before you know it... you're broke! And when you're at your lowest point, financially, it's very easy to feel completely overwhelmed and have no clue how to start to dig your way out. On this episode we talk you through what to pay, how to strategize, and the right attitude to have during this temporary season of being broke--but not broken.
Silicon Valley Bank--and Signature Bank--failed over the weekend and now everyone is in a panic. But should they be? On today's episode we not only discuss why these two banks failed but the history of bank failures in the United States and how to protect yourself if this happens at your bank(s) in the future.
Are you a fan of multigenerational living because of the ability to pool resources and builder a stronger relationship between the grandparents and the grandkids? Or are you a part of the "sandwich" generation who has had to move a parent in due to their failing health or lack of finances, and now you find yourself, unexpectedly, supporting your children and parent(s)? Whether you're a part of either generation today or not, you may be one day soon. This episode outlines what these life events mean for you financially, and how to prepare your bank account--and sanity--for living with your parents as an adult.
One of the most common steps in building personal--and generational--wealth, is buying a home. And while that's always been a complex transaction to navigate it's only gotten more difficult in today's climate. Interest rates continue to climb. Is it still a seller's market? What about inflation? How much has my home appreciated? And don't forget about rising property taxes. On today's episode we provide current tips on how to buy, sell, or stay put in today's real estate market.
Today we celebrate our favorite co-host, Allan Boomer, as we observe his birthday and allow him to take over today's episode and talk about what he loves best: Black history. Today's unconventional episode doesn't talk about finance or wealth management at all but instead, highlights the legacy of Black people and the unspoken progress we continue to make in the United States. Happy Birthday Allan!
Everyone makes mistakes when it comes to money--no matter how much or how little you have of it. Yet, money remains one of those common subjects where people never feel comfortable asking for help until it's way too late. On this episode, we discuss why it's so hard to ask for financial help, overcoming that, and how to successfully get the help you need. Because whether you like it or not, asking for help is the first step to saving your finances.
Two weeks ago, Allan lost his wallet outside of his local bagel shop. Within two hours of losing his wallet, all of Allan's accounts were hit with multiple transactions totaling several thousands of dollars in losses. On this episode, we will discuss what to do if your wallet is lost, how to prepare in advance and also best practices to protect your identity from fraud.
On this episode we are sharing our proprietary market commentary for the last quarter and our projections for the year ahead. We discuss the blood bath that has taken place in the market but how and why we're optimistic for the year ahead. Tune in to hear what you can expect from your portfolio, what's getting more expensive, and what may be getting cheaper. And oh yeah, Beyoncé!
It's tax season and this year things are going to look very different. There have been major changes to the tax laws and it's a guarantee that you're going to feel it--good and bad. Tune in to this episode to learn why your tax refund may be a lot less this year and how your portfolio's tax strategy just received a major boost. We also answer the age old question of how "the wealthy" avoid paying taxes--legally.
Statistics show that, on average, Americans stick with the same banking institution for over 17 years. That is longer than the average marriage. The question we are asking is: Why are we so loyal to banks that are rarely loyal to us--and should we be? The answer is discussed thoroughly on this episode as we highlight our issues with banks, why it's time to branch out, and what your options are.
In 2022, inflation reached levels unseen in four decades. But prices ballooned more rapidly for certain items than others, largely concentrated among food, fuel and airfare. On this episode we talk specifically about how inflation is impacting your weekly spending, the real reason behind these dramatic price increases, and how long we think it's going to last.
This week we all watched in awe as Damar Hamlin was given CPR multiple times on national TV. Hamlin, who was immediately treated after going into cardiac arrest during Monday Night Football, has shown “remarkable improvement” but, what will happen to his finances if he never plays football again? And for you the listener: what will happen to you and your family if you suffer an injury that keeps you from working? On this episode, we tell you how to focus on income protection against all odds--albeit temporary or permanent.
Happy New Year! We normally discuss the “hardware” of improving your net worth but, it is equally as important to focus on the “software.” When we think about our personal success a lot of it has to do with not just what we know but, also WHO we know. On this episode, we break down the value of a strong network, who you should be building relationships with in 2023, and how to do it effectively. We also give examples on how your network can really pay off in your wealth building strategy.
It's Christmas day and all we want to do is have fun with you guys. Tune in for a laid-back episode of holiday cheer, laughs, and even more of our usual antics. Merry Christmas y'all!
The collapse of crypto exchange FTX raises a question for every saver and investor: what happens to your money if the company that holds your account goes under? On this episode we explain how safe your accounts are no matter where they are and, who has your back in the case something smells fishy. That goes for a bank, brokerage firm, retirement account provider, etc. So if you've been leery about putting your money away or investing because it doesn't feel "safe", this show is for you.
Although it's an unfortunate topic, divorce is a common reality that a lot of couples are facing right now. There are a variety of reasons why but the divorce rate has nearly doubled since the 1990s and has grown even more for couples age 50 or older. On this episode, we walk you through the factors you need to consider and the financial steps you need to take to better navigate an already difficult situation.
"It’s the most wonderful time of the year..." again and so most of us are starting to gear up for gift-giving season. What is your plan of attack: Do you put a list together in advance, are you freestyling it, or do you wait to the last minute and let the spirit move you? Whatever your plan is we can make it a lot better by sharing top strategies for saving money during the holidays and financial gifts to consider as you share the gift of wealth building.
Have you ever been hit with an obstacle on your wealth journey and were unsure of the one thing you need to recover? We have the answer: Resilience! On this episode we talk about the intangible asset you need to accomplish all of your financial, professional, and personal goals.
There has been a ton of news this week about FTX Crypto Currency Exchange, which filed for bankruptcy this week and a lot of people lost a lot of money. It lead us to the realization that we have never discussed cryptocurrencies and it's finally time to have "the big talk." On this show we will break down crypto, blockchain, the FTX scandal--as well as a few other major crypto scandals--and how you can invest, while protecting yourself in the crypto-future.
Even though the votes are still being counted, midterm elections are done. We don’t know who will be in charge of the Senate or the House just yet. A few states are requiring a runoff election. And there's still a lot of overall uncertainty. But one thing we do know for certain is that this--and every election--has a very profound impact on your wallet today and in the future. On this episode we break down elections, political parties, the various branches of government, and how they all strategize in favor of, or against, your wallet.
It's standard financial teaching that stocks are high risk and bonds are relatively safe. Well this year both are erratic and acting very risky--but for completely different reasons. On this episode we will discuss what's going on, why, and exactly what you should do about it.
It's out 100th episode and we've decided to celebrate with all of our listeners. We are taking the day off from teaching and advising to have some fun answering completely unexpected questions about ourselves. Tune in to learn more about your Momentum Advisors as we enjoy Episode 100.
If you have a child heading to college soon it's likely that you'll be filling out a Free Application for Federal Student Aid, better known as the FAFSA. Most parents hate the thought of filling out such a long, confusing, pointless application; especially when you think your child won't qualify for financial aid or, you don't even know what school your kid is going to. Guess what? You're completely wrong and this episode is going to tell you why you absolutely want to fill out the FAFSA ASAP, and how it's easier and better than ever.
Symbiosis is a close relationship between two species in which at least one entity benefits from the other. Often times we initially think about the instances where this relationship is negative but ,on this episode we highlight positive, wealth-building symbiotic relationships for potential or existing entrepreneurs. Specifically those where small business or independent contractors can partner with large enterprises to make more money on their own terms.
What's a stock? What's a return? Yea, most of us know the answers to these questions. But how do you get a stock to pay you rent? How do you find the really "cheap" stocks where you make your money back really quickly? These--and some important others--are the answers we really want you to know before you ever buy your first share. Thankfully, it's never too late to learn.
Most people have a basic understanding of how to invest their money: open an account, buy some stocks, bonds, or other investment vehicles. Well, there's a lot more you need to know before you take these two steps, that are crucial to your overall investment plan. And guess what? Most people don't know them and miss out on all the real benefits to investing. On this episode we tell you the most important thing you need to know when getting started with investing your money.
The Mis-education of the Negro, written in 1933, describes how the educational system in America was designed to teach Black people that we are inferior. Leveraging quotes from the book, we explore ALL of the ways we ALL have been Mis-educated in regards to careers, achievement, entrepreneurship and wealth-building
77% of Americans report feeling anxious about their financial situation. Are you afraid to think about retirement, affording a house, or paying for your child’s education? Do you have a poverty mindset or a scarcity mindset? Neither? You're still likely to be dealing with fear and stress around your wealth and financial strategy. This episode helps you identify your financial fears and how to overcome them.
To get the most value from your financial advisor, you must ask the right questions. On this episode ,we provide key strategic questions for you to ask your existing--or future--financial advisor so that you can quickly sort through who is the best fit for you. And just for fun, we answer all of these key questions ourselves so that you know what a suitable answer should sound like.
This week the White House announced Joe Biden's Student Loan Forgiveness Plan and we couldn't be more excited--and confused. On this episode we talk about what the plan includes, who qualifies for student loan forgiveness, and how this impacts student loans moving forward. We also highlight ways to capitalize on this program to get you closer to your overall wealth building goals.
We've all heard about stocks, bonds, and cold-hard cash but what else should be in your investment strategy? Maybe hedge funds, commodities, or real assets? Are you a luxury watch or rare wine collector? What about baseball cards, comic books, or coins? If so, these are all alternative investments that should be considered a vital part of your portfolio and overall wealth management strategy. On this episode, we define alternative investments and highlight some new opportunities that you may have never considered.
Recently, the Mega Million jackpot was among the largest lottery prizes in history at over $1 Billion. If you were to win the lottery for any amount of money, how much would you need to live your ideal life? This is a question that was recently asked across 33 countries and the answers will surprise you. On this episode, we talk about how much money is "enough" to get you to your best life and how to make it happen--even if you don't win the Mega Million jackpot.
Inflation is at (or near) its highest level in decades and our country’s economic growth declined for two quarters in a row. What does all of this mean? That we may be in a recession. Luckily, you can choose to opt out and not participate. On this episode, we remove the panic and worry from the term "recession" and highlight the things you can do to reduce--or even eliminate--the impact it has on your household.
Robbery can happen to anybody but this week it hit close to home for the Momentum Team—and that pastor on live stream. With our team member we were able to help him quickly recover but it goes us thinking, do you know what to do if something like this happens to you. If you’ve been the victim of a theft, burglary, or fraud here are the important steps to take to recoup your losses and ensure your financial health remains intact.
The world is open and we are all "outside". Not only are we traveling and going out to eat but, we are hiring and utilizing service providers now more than ever. And with all of these experiences comes one common thread: tipping! Are you a good tipper? Do you know when and how much you're supposed to tip? Do you know how vital gratuity is to the economy? Do you know tipping started as a result of slavery? On today's episode we highlight the history and necessity of gratuity; as well as and explain how you should approach each tipping situation.
Everyone is worried about a recession. Inflation rates are rising at a record-breaking pace. The news is telling you the end is near. Layoffs are starting and don't get us started on the supply chain issues. BUT with all of that, there is a lot of positive movement happening in the world right now as it pertains to your financial future and that is what we are highlighting on this episode. We talk you through all the big "doom and gloom" headlines and bring in the sunshine that the news refuses to talk about.
Yes, we are Financial Advisors but we are also world travelers--especially Tiffany! Today’s show is about saving
money and time while traveling this summer all while having a great time.
It is Tiffany's 40th birthday and we are switching things up to learn more about your favorite podcast co-host. On this episode, Allan is allowing the listeners to get to know Tiffany better by asking her forty questions for her 40 years on this Earth. There is no doubt you will be shocked by some of these answers, as Tiffany allows herself to be a bit more vulnerable on air. Happy 40th Birthday, Tiffany!
There’s a shift happening in the job market--and it's not the one you've been hearing about. While the news continues to highlight "The Great Resignation" you may need to look twice before quitting that job. With more job openings than ever, and the lowest unemployment rate we've had in years, employees may be getting tricked into making less money and receiving less benefits. On this episode we talk about both sides of what's happening in the job market, where it's happening and how to prepare for your success either way.
As we celebrate Juneteenth, brands across the country are launching products, events and marketing strategies to try and cash in on the holiday. Here’s the problem: Monetizing the celebration of Black freedom contradicts the very sentiment that drives Juneteenth. Black people were among this country’s first forms of currency, and the celebration of Juneteenth reminds us of that not-so-distant past. Giving your money to white-owned businesses that slap Black fists on their packaging as a marketing strategy can add insult to injury. So on this episode we talk about legitimate ways to spend, buy and support Black-owned businesses.
Last week we started talked about how to transition from high income to high wealth. On this episode we continue that conversation to help you build wealth in all areas of your life; because your financial wealth can easily be eclipsed by lack of wealth in several other areas. Tune in to learn about why you don't want to be a H.E.N.R.Y. all of your life; and how you really want to become a H.E.R.
Are you finally in a position where you're receiving a great income? Where you're making more than you've ever made before and you are now feeling a lot more comfortable affording your wants and needs. If so, the big question is: but are you building wealth? On this week's episode we discuss how people who are finally making “good money” can transition from simply making a substantial income to actually building "good wealth."
In the aftermath of several mass shootings in one week, many Americans want to do something--anything--to help but, feel helpless. Petitions, donations and voting are all clear ways to start a path towards change but there is a very effective and immediate impact you can have from the comfort of your living room: changing your investments. Most investors are completely oblivious to how they are--and have been--funding gun production and warfare through their retirement accounts and investment portfolios. On this episode we tell you exactly how to uncover if/where this applies to you and how to defund these organizations in real time.
Although we've talked about how to hedge against inflation before, we have NEVER seen anything like this. Inflation is up 8% - 14% from just last year on every day items like water, fish, produce. This is no longer something you can ignore or budget for; inflation at this pace is requiring you to fight back! On this episode we talk about ways to fight against short-term and long-term inflation right now.
The emergence and domination of social media, peer-to-peer payments, rideshare platforms and online networking has created the perfect environment for scams. Americans are getting scammed out of their money at an alarming pace and oftentimes they don't even realize it. On this episode we are bringing awareness to the most popular scams of 2022, that we are almost positive you--or someone you know--has fallen prey to.
The global stock market is down around 13% and the bond market is down 10%. In the last 45 years, there has only been one other year when stocks and bonds were down at the same time. What should you do? Stick with the plan even though the world looks bleak? Or abandon ship? On this episode we tell you what to do and the benefits of being a contrarian.
Whether you believe it or not, the government has been very busy--and what they've been working on should put a little extra change in your pocket. On this episode we talk about The Secure Act 2.0, new tax breaks, emerging 401k benefits from employers and (actual) student loan forgiveness.
On today's episode, The Momentum Advisors talk about the importance of reading and understanding the fine print within a credit card contract.
Communities of people have shared the use of assets for thousands of years but, the advent of the internet and smartphones has made it easier for asset owners and those seeking to use those assets to find each other. This dynamic is referred to as the "share economy". Sharing economies allow individuals and groups to make money from underused or idle assets; such as parked cars, spare bedrooms, swimming pools, clothes, and much more can be rented out when not in use. This episode details how you can get involved in sharing what you have, even when you think no one may be interested.
On this episode, we break down the mysteries behind credit and seek to help you build and maintain a good credit score.
Often times people are obsessed with buying stuff just because the price is low. But what about the actual value? Most "cheap" things are cheap for a reason; when you're not really paying attention that thing may turn out to be very expensive in the long run. On this episode we share some insight on good--and bad stuff--we've purchased (i.e. stocks, businesses, real estate, etc.) that was cheap and give advice on how to avoid the trap!
After years of working with millionaires, successful entrepreneurs, and wealthy families, we have received a lot of unexpected advice on what it truly takes to accomplish your goals. And what we've found is that it has less to do with the numbers and the dollar signs; and more to do with your mentality and who you are as a person. On this episode, we highlight some of the best advice you've probably never heard that will change your life financially, professionally and personally.
If you're fortunate to live long enough you will want--or need--to retire, at some point in your life. But people often speak about retirement as if it's a mythological character that only a fortunate few have been able to meet. Well that is not the case. On this episode, we give you the very specific steps to be able to retire exactly how you want to. Whether that's traveling, playing golf, working part-time, spending more time with the grandkids, or becoming a full-time artist, we have the strategy that gets you there.
Russia invaded Ukraine and every one is panicking. Although some of your neighbors may be stocking up on water and canned goods, do you actually know what's happening and how it may impact you? This episode is a balanced conversation on how the Russia invasion is impacting your wallet today and, potentially, in the near future.
For this week’s black history moment we want to tell you the story of how we created one of the largest black-owned wealth management firms in the country, as well as, give you advice on how you can build and grow your business. February 2022 marks our Ten Year Anniversary as a firm and we want to celebrate with our listeners!
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Do you feel like "the man's" foot is on your neck? Are you always wondering how are you supposed to get ahead in a capitalist society? Well we know all about that and on this episode we're giving you the answers. It's time for you to get a seat at the table and not only be on the menu. Let's stop missing out on everyday opportunities to grow wealth and influence.
By now you should have your 1099s and W2 forms which means it's officially tax time! This episode is to help you prepare for filing your 2021 taxes. It is super important to know about all the tax changes that happened last year that could impact your refund this tax season--and your tax planning next tax season.
For those who are paying attention, the stock market is seeing red in a major way right now. Is this the first time the stock market has been down this much? Of course not. But what does it all mean? What's actually happening and should you be panicking? This week's podcast answers these questions and more. We also explain why this may be a great time for you and your wealth building portfolio.
Investing and trading are becoming extremely popular. This is partly because markets have had strong
returns--and also because of social media. People love talking about their winnings but not so much about their losing.
On this episode we breakdown the differences between being an investor and trading. We also help you understand which of the two is right for
you.
The terms "ESG", "socially responsible" and "impact investing" are ongoing buzzwords in the financial services industry. But what does it all actually mean? Regardless of the confusing industry jargon, the essence of it all is aligning your portfolio with your values—without sacrificing returns. More than that, it presents greater opportunity for you to see stronger returns. On this episode, we teach you how to do it whether you're dealing with a financial advisor, HR department or you self-manage your investments.
Scrolling through TikTok, you come across a huge range of videos, from new dances to someone encouraging you to invest in Tesla. Financial TikTok, also known as "FinTok", is where individuals share advice on topics from investing to cryptocurrency to saving for retirement. Yet, just like a big chunk of the news you find on social media, there are lots of FinToks containing misinformation. On this episode, we're analyzing--and correcting--the most popular Financial TikTop advice.
Do you remember "Mr. Rogers Neighborhood", where he would walk through the neighborhood and introduce you to all the important people in his life? Have you ever thought about who is in your neighborhood? What about your financial neighborhood? Having a well-rounded team of professionals in your "neighborhood", working in harmony on your behalf, is a game changer for your wealth. On this episode we uncover and clarify possible roles on your financial team and how they should work together--in all areas ranging from buying a house to getting a divorce.
If you’ve spent the past few months dreaming of a new car in your driveway, you’re probably looking at models, comparing deals and evaluating what add-ons you can afford. Buying a car is a big investment; you’ll need to think about the cost, financing options and negotiating tactics before heading to the dealership. On this episode we walk you through all the necessary steps to buying a car; and we highlight the common car buying mistakes that we want you to avoid.
New Year’s resolutions don’t have to be reserved for diets and exercise. Sometimes the area of your life that really needs attention is your finances. As 2021 ends and 2022 begins, it's a great time to commit to your money goals, budget better, pay down debt, ditch bad habits and improve your financial picture to reach your goals. This episodes highlights specific--achievable--goals to set for your financial new year. If you want 2022 to be a better year for your money, consider making
these financial New Year’s resolutions.
In our work as financial advisors, we are helping people grow their wealth and we are literally seeing people’s dreams come true right before our very eyes. In our own lives as entrepreneurs, we are achieving dreams that might seem unattainable; but
it’s happening. On this episode our goal today is to help you realize that you too can achieve your dreams and build wealth at the same time--and it starts with positive thinking!
We are in the midst of the “Great Resignation” where more people are quitting their jobs than ever before to launch new businesses, go back to school or explore new career paths. This episode highlights the things to keep in mind before you take the plunge.
The end of the year always seems to sneak up on us. After Thanksgiving, the buzz of the holiday season keeps us busy through the New Year and all of our financial, health and tax planning become distant thoughts until 2022. Not this year! On this episode, we make your year-end adult-ing planning a priority; because when the year ends there’s no going back.
In the spirit of Thanksgiving, this episode focuses on the many ways to give to your favorite causes, charities and organizations. When most people think of giving they only focus on how to give money but, there are several ways to give non-monetary gifts that are extremely impactful. If giving money is your preference we discuss traditional and non-traditional ways to give financial assets while highlighting their potential tax implication.
When is the last time you reviewed your homeowners and auto insurance? For most people, the answer is when you initially purchased your home or car and even then you bought just enough to get the deal done. This week we've brought back special guest and Founding Partner of Momentum Risk Management, Sylvia K. Alston, to explain why quality property and casualty insurance is the real MVP--and how to get quality coverage for low cost.
Open Enrollment season is underway but, what does that actually mean for you? A LOT! Whether you get health insurance through your employer or from Healthcare.gov, Open Enrollment is a very small window of time to make very big decisions about your health and what it is worth. On this episode, we bring in special guest Sylvia K. Alston to break down how to select the best health insurance for you and how to avoid receiving "basic ass insurance" from your employer.
Due to more time spent at home during COVID, there has been a major spike in new pregnancies and childbirth. With that in mind, this show focuses on the financial planning that needs to take place as an existing or emerging parent. We highlight all the options you should consider when saving, investing and strategizing for your child's financial future.
Once every three months we like to give a snapshot of what’s happening in the financial markets and the economy. Is COVID still impacting our economy? What is this "labor shortage" everyone keeps talking about and where are all the workers going? And what about all these supply chain delays and how will they effect the holidays?
A recent financial study finds that 75% of all Americans are living paycheck-to-paycheck and have little or nothing in the way of emergency savings. How did we get here? Well, we guarantee you there were probably a variety of warning signs before things got so strapped. On this episode we are identifying these warning signs so that you can address these financial problems before they get any worse.
On this episode, we call out what we consider to be financial predators. The bad guys and villains that are stealing money from right under our eyes. Don't take it personal, because almost all of us have used at one of these financial predators at least once in life.
If you don’t take the time to get your parents financial profile in order, it could put their
finances in jeopardy--and ultimately yours! Over 15% of middle-aged adults are providing financial support to both an aging parent and a child, at the same time. For African-Americans, more than half find themselves unexpectedly "sandwiched" between caring for an older person and a child under the age of 18. This episode focuses on how to get your parents finances in order to ensure they can age gracefully and independently. We highlight specific conversations and topics you need to have with them to make sure all bases are covered under any circumstance.
While our expertise is in wealth management, personal finance and entrepreneurship, we do know that climate change is a very real thing. And not only will it have an impact on the environment but it can also deep impact on your wallet. On this episode we talk about the ramifications climate change can have on your bank account; as well as, ways to save money while also saving the environment.
According to a recent Gallup poll, the average expected retirement age is 66. Thirty years ago, the average American projected retiring at age 60. What does this mean? On average, Americans are expected to work longer and retire later in life--or maybe not! There is a new Millennial movement called "F.I.R.E.", Financially Independent and Retiring Early. How early? 20 - 30 years early! It's not easy but it's very possible and on this episode we are discussing how to adopt this way of life to retire in your 30s or 40s.
We just bought a new business together last month and what we have realized is that most of the advice we give is only on building a brand new business. But what about buying one? On this episode we give you all the steps on how to buy an existing business and give you a little insight into our recent purchase.
Are you tired of being lost in financial conversations? Are you feeling left behind in your attempt at "financial adulting"? No worries! On this episode we break down basic concepts and key words every adult must master to build wealth and be financially responsible.
Keeping liquid savings on hand in case of an emergency is one area where Americans of all income
brackets are falling short--especially the "middle class." But what is this middle class? Is it defined by a salary range, household income or aspirational possessions? And is being in the "middle class" all it's chalked up to be? On this episode we answer all these questions while addressing the wealth gap of the middle class and how to thrive in it.
No matter how much you earn, "getting by" is still a struggle for most people. 78% of full-time U.S. workers say they are living check-to-check and 56% say they are in over their heads with debt. Even those making over six figures say they struggle to make ends meet with with nearly in 10 of those making $100k+ living paycheck-to-paycheck. So what does all of this mean? It means that we are all accustomed to borrowing money and taking out loans at some point in our adult lives. This episode talks about how to do it--and when to not do it at all.
We recently did two episodes on estate planning: “Estate Planning” and “Trust Fund Babies.” This week's show focuses on giving you the the do-it-yourself (DIY) version. We are highlighting ways to get your entire estate plan done for little or no money whatsoever--and that's with or without the help of a lawyer. We hope that by eliminating all of the financial obstacles and making estate planning super simple there will be nothing stopping you from getting yours done today.
Who is Jerome and why is he hating on all of our bank accounts? What's a BRIC and how should you use the term at dinner parties? What are some of the most expensive stocks right now and how do we spot them? This episode is our quarterly Market update on what's happening in the economy and how it's effecting your portfolio today.
Research shows that only 44% of Americans have a Will. Leaving the majority of Americans with no estate plan at all; with 47% stating "they just haven't got around to it" and 29% believing they don't have enough assets to leave to anyone. On this episode, we discuss what goes into an estate plan and why now is the time to "get around to it" no matter how little you may (think you) have in assets.
COVID has created “a tale of 2 cities” where many people are struggling and a similar number of people are wealthier than ever. Between strong stock market performance and an even stronger housing market, we are seeing more people become millionaires than ever before. This episode discusses how these new millionaires are made, strategies to help them deal with their newfound wealth and tips on how you can be next in line.
Children start learning about money as early as three years old and it will take them decades to fully understand wealth. So the key is to start early. On this episode we give you an effective strategy for how to teach your kids--of all ages--about money. It's never too early or late to help expand your child's financial mindset.
Summer is the time to cut loose. Unfortunately, it can also mean cutting loose financially. These sunny months bring endless opportunities for traveling and socializing: holiday weekends, graduation parties, vacations, barbecues and family gatherings, summer camp, etc. Surveys find that 52% of parents spend more than they intend to every Summer. This episode talks about ways to save and how to be more strategic with your Summer spending.
If you are deeply in debt and considering filing for bankruptcy, you are probably brimming with
anxiety. Filing for bankruptcy can be complex and confusing because every case is so different. This episode breaks down everything you need to know about bankruptcy--and we guarantee some things will really surprise you. If you are considering bankruptcy or know someone who is about to file, make sure you tune in to this show first.
Your psychological view of money has a huge impact on your money decisions. Determining
what to spend money on, how much to save and evaluating your “safety net” are all steeped in what we
call your “Money Mind.” On this episode we will help you identify your money mind; and some of the pitfalls and
opportunities that go along with it.
Are you asking yourself, do I need a financial advisor? For many people, the answer is 'NO'. Even though financial advisors can assist you with your money in a number of crucial ways, most people don't know what a real financial advisor does or when they actually need one. This episode breaks down who is--and who is NOT--a financial advisor; as well as, if you really need a financial advisor at all; and IF you do, what questions you should be asking to ensure you pick the right one. This show is for people who are unsure about the need for a financial professional and for those who already have a financial advisor.
This week we are continuing to highlight how to approach building generational wealth in spite of all the systemic setbacks and obstacles, like the Tulsa Massacre. We are delving deeper into specific strategies for building wealth in your family no matter where you are on our "Generational Spectrum." This episode is a continuation from "The Tulsa Massacre & Your Generation."
This week marks the 100th anniversary of the Tulsa Massacre that destroyed “Black Wall Street” in 1921. It was a horrible tragedy that is a major cause for today's wealth gap in the Black community. On this episode, we are highlighting how to approach building generational wealth in spite of all the systemic setbacks and obstacles, like the Tulsa Massacre. We are breaking down strategies for building wealth in your family no matter how much you're starting with.
Most financial advisors want you to take baby steps toward your goals every year. While this works out well for most people, sometimes you have to do things a little differently, even if it means taking two steps back to move forward. We are breaking down an alternative approach to reaching your financial goals — which may involve doing some things that seem risky in the short run — in order to win big in the long run!
Several studies find that arguing about money early on in a
marriage is the number one predictor of divorce; while couples who
talk openly and frequently about money report being happier. This episode gives you strategies and topics on specific "money talks" you should have with your partner to ensure you both stay in control of your relationship. Financial friction can wreak havoc on your partnership and this show will help prevent that.
The average cost of college in the United States is over $35k per student, per year. While this cost has tripled in less than 20 years, we still intended on sending our children to college by any means necessary. Well this episode discusses just that: the means, tips and strategies for getting your child's college education paid for--whether you started saving early or not. This show is for parents with children of all ages. It's never to early to start planning.
President Biden has laid out a bunch of new economic and political plans: American Rescue Plan, American Jobs Plan, American Families Plan and the Made In America Plan. On this episode we break each plan down and explain what they mean for your pockets. We will also have a general discussion about the current state of financial markets and give you our thoughts on what to do moving forward.
Society stereotypes "trust fund babies" as overprivileged, spoiled, adult-children who think they're superior to others and have no responsibilities. But in reality, we should all strive to have trust fund baby's and on this episode we're going to tell you exactly why. We're also going to teach you how to leave a million dollar trust fund for your beneficiaries without ever having a fraction of that amount in your bank account.
The housing market is red hot and it’s because of COVID. Housing prices rose by 11.2% in January, which is the fastest growth of home prices since January 2006. On this episode we help you strategize on how you can take advantage as an investor, a first-time home buyer, a second home buyer and/or as a landlord.
We own several franchise businesses. Down from 9 total franchise locations, we currently own 4 and are building more at a rapid pace. Franchising is great for the person who wants to be a business owner and has the skills to run a business but, doesn’t necessarily have the full business concept. On this episode, we are giving you key information about choosing to become a franchisee as a path to entrepreneurship. It’s not for everyone but it could be for you!
Chances are, you've heard of the term "compound interest," but do you know how it really works? If not, you're in the majority: 69% of Americans don't understand it. Compound interest is the "magic pill" that converts your "modest savings" into massive wealth. Through the power of compound interest is how most "everyday" people become millionaires. On this episode we are breaking down how compound interest
works and how to make it work for you--at any age.
On today's episode of The Momentum Advisor Show, Tiffany and Allan talk about the importance of inflation and how you must invest in a way that protects you from it. Tune in for some major insight on how to protect yourself from this thief in the night!
With the passing of another historic stimulus package, we need to discuss who it impacts and how to make the most of
this situation, in your personal and business life. This episode highlights ALL of the beneficial resources that have been made available in the new $1.9 trillion dollar stimulus bill; and we strategize how to use the stimulus check for your maximum advantage.
So many people believe the only way to close the wealth gap is to get access to borrowed capital. Well, we don’t believe this to be true. The most effective way to close the wealth gap is to learn how to make more money--passive, active and residual. On today’s podcast we discuss ways you can start a business with very little--or no--money. Whether it’s a side hustle or a full-time gig, we are giving you the tools to start today.
We hear a lot of people talking about starting LLCs. Their goals when starting these legal structures is to create additional sources of income and to create a financial legacy for their families. In the end, many people are simply filing papers to start a business--without ACTUALLY starting the business. On this episode, we help you understand how to really start a business and guess what? It has nothing to do with paperwork.
"Making money while you sleep” has a nice ring to it, doesn’t it? After all, one of the goals of financial independence is to build wealth that doesn’t eat up your time, so you can enjoy life and do the things you choose to do. This episode highlights unique--but very accessible--ways to make meaningful residual and passive income. Residual income is money that is earned on a recurring basis, typically as the result of a single original action. And passive income is when it requires little to no maintenance to keep the money flowing. Tune in to hear how you can get started with both today.
When you contribute to your retirement savings do you know what your investments are contributing to? Are your investment dollars circulating wealth into the communities that matter to you the most? Unfortunately, the answer is probably: NO. And the worse news is that your retirement and investment dollars are likely supporting companies and institutions that would rather support immigration, prison complexes, racism and excess gun usage before supporting people that look like you. In this episode we ask you the question 'Is Your Money Racist?' and then provide you with the tools on what you can do about it once and for all.
The fourth principle of Kwanzaa is "Ujamaa": Cooperative Economics. This is often defined as coming together to build and maintain our own businesses and real estate to profit from them, together. Black people have been building and benefitting from cooperative economics for decades, particularly in parts of the economy where we’ve been cut out by major institutions. In this episode, we explore the various ways you can capitalize on cooperative economics today.
A financial windfall is a large—and many times unexpected—financial gain; often the result of an inheritance, lawsuit settlement, property sale, salary bonus, or even a winning lottery ticket. From an unexpected $1,000 to amounts in the millions, windfalls are more common than you may think. This episode gives tips and strategies on how to properly plan for and capitalize on a financial windfall. As well as, true stories on how these funds are often quickly squandered.
In 2021, there appears to be a renewed focus on investing but we are worried that certain investments are getting too much attention and someone will get hurt. On this episode we break down our views on financial markets, cryptocurrency, GameStop mania, and what factors are really impacting the economy.
We break down common themes we’ve observed from our clients, former clients and people we know who’ve built wealth. What separates people who actually retire early and wealthy from the people who just dream about it? They fall into 5 different categories.
Getting older doesn't necessarily make you wiser! We've noticed some trends around mistakes people tend to make in their 20s, 30s, 40s, 50s, and 60s. Let this be a cautionary tale of what NOT to do in your financial life!
Whether or not you make financial New Year’s resolutions, you no doubt want to improve your bottom line in the coming year. With that in mind, we have specific instructions for bolstering your finances each month, ranging from taxes and budgeting to checking up on your insurance coverages and reviewing your estate plan.
It’s a new year! What audacious goals do you have for yourself? So many people focus on money as a goal as if it’s the key to happiness but it is not. In this episode we address the heart of your financial goals and we encourage you to dream, fully. If you change the way you think about your goals, you will achieve them sooner than you ever anticipated.
Spoiler Alert: The true key to happiness is the "Electric Slide"
This year there have been some major IPOs such as, AirBnB, DoorDash and Robinhood. But unfortunately, most people don't actually know what an IPO is, how it works, and if they should get in involved. In this episode we break it down in full detail with fun analogies and colorful detail.
Net worth is simply the difference between the value of what you own minus your liabilities, such as your mortgage, credit card
debt, etc. Seems simple enough but most people still don't know their net worth or why it's so important. On this episode we highlight why it matters so much; along with a few other financial metrics to really pay attention to.
As the holidays are approaching their is often the urge to spend more than we need to on gifts. On this show, we identify alternative holiday gifting that can save you money but doesn't skimp on heart and sentiment. These are gifts your family, friends--and wallet--will truly love and never forget.
This week, Nasdaq filed a proposal with the Securities and Exchange Commission (SEC) that would require all 3000+ companies on their stock exchange to have at least one woman on their boards, in addition to a director who is a racial minority or one who self-identifies as lesbian, gay, bisexual, transgender or queer. We address why this could be one of the most forceful moves yet to bring diversity to U.S. corporations and how you can take advantage of it.
Much like catching a physical STD, people can contract sexually transmitted debt from a romantic partner. Financial STDs affect millions more Americans than the most common sexually transmitted disease. On this show, we teach you how to recognize the warning signs and also take steps to guard against picking up unwanted debt.
Foundational principles on what investing actually means and how to get started today. Whether you've never invested in a stock in your life or if you have a robust 401k, these are the investment basics you should know.
Opportunity doesn't knock, it just lays there. In the past year, Black Americans have been receiving attention from corporations, politicians and funding institutions in a way that's never been seen before--and may never be seen again. In this episode, we discuss how to improve your financial situation in the current "Black Lives Matter" climate before the opportunities are taken off the table.
The Momentum Advisors show, hosted by financial experts Tiffany Hawkins and Allan Boomer, is a new podcast of The North Star that addresses the pillars of financial and economic justice as a tool of Black liberation. Tune in every Sunday on your preferred podcasting platform.
From SiriusXM broadcast to podcasts, listen in as Tiffany Hawkins and Allan Boomer fill us in on what to expect on their switch into The North Star's podcast division.