Episodios

  • The Power of Gratitude in This Season with Spencer Sherman

    The Power of Gratitude in This Season with Spencer Sherman

    · If Money Were Easy

    In this episode special guest, Spencer Sherman, a celebrated financial advisor, author, and co-founder of Abacus Wealth Partners, shares his insights on integrating mindfulness into money management. Spencer explains that practicing gratitude can help with decision-making by reducing the tendency to ruminate over negative experiences. He discusses human survival wiring, which naturally directs attention to potential threats, leading people to dwell on negatives like critical emails or market losses.

    Throughout the discussion, various practical examples of incorporating mindfulness are provided. The concept of "microdosing" mindfulness is introduced as a way to build a more consistent practice. The conversation also highlights the need to recognize and sit with challenging emotions rather than trying to immediately fix them. The episode concludes with a gratitude meditation led by Sherman, focusing on appreciating current abilities and relationships while recognizing that others may feel grateful for us as well. Join us today and hear how you can practice mindfulness in your life!

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: Why humans are naturally wired to focus on the negative and how we can rewire that thought process The importance of practicing gratitude in our daily lives How to use mindfulness to shift your thinking around finances The best way to approach gratitude, and it shouldn’t be on a To-Do list The reason those little moments of mindfulness can be the most impactful Why it is critical to recognize gratitude within your community and how that can foster interconnectedness A better approach to handling negative emotions How to shift your thinking from desires to appreciation (and the positive impact that can have on your life) An impactful way of breaking negative patterns to open new possibilities An understanding of how to realistically view your problems and how to reduce overreactions to negative events Resources: Explore more of Spencer’s mindfulness-based approach to money via his free resources, book, the Your Inner Compass finance course, or his in-person appearances and events.
    Stay Connected: Visit Spencer’s website to learn more about Fearless Finance and connect with Spencer on Facebook, Twitter, Instagram, and LinkedIn or at [email protected] Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • We're 40. Here's What We're Looking Forward to Financially Over the Next Decade

    We're 40. Here's What We're Looking Forward to Financially Over the Next Decade

    · If Money Were Easy

    Today’s episode dives into the financial aspirations and strategies for the next ten years as both hosts reflect on reaching the milestone age of 40. They explore the importance of investing in community and relationships beyond family ties, the excitement of aging with close friends, and nurturing valuable relationships despite busy schedules. They also address common financial anxieties, the concept of feeling behind financially, and provide practical tips on financial planning. Join Mary Beth and Neela as they blend thoughtful financial advice with personal anecdotes, offering a look into the financial landscape of their 40s and beyond.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: The importance of have long-term meaningful friendships How to face the idea of feeling financially behind The first step you can take if you’re feeling financially behind Why you need an emergency fund and how much you should be stashing away How the debt cycle can negatively impact you The reason you shouldn’t put all your financial eggs in one basket Understanding how to get compound interest to work for your investments A few items to focus on as you cruise through your 40s Why accountability is essential to improve personal and financial health How to find the balance between financial discipline and enjoying life Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn

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  • Money Lessons for Our Sons

    Money Lessons for Our Sons

    · If Money Were Easy

    In today's episode Mary Beth and Neela dive into the unique financial and societal challenges that young men face today. From the significance of developing strong social and emotional skills to understanding the difference between investing and gambling, this episode offers actionable insights and personal anecdotes. The hosts discuss societal pressures on young men during their "grind years," emphasizing the value of patience and face-to-face social interactions. They share personal stories from their own experiences raising children, highlighting the importance of early financial education and emotional awareness. The conversation also touches on gender-specific financial teachings, the balance between societal expectations and personal values, and the importance of open communication in relationships. Tune in to learn how to cultivate these skills in your children, and how to help them grow up to be well-rounded and financially savvy individuals.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: Some of the social and emotional challenges that young men face today Why those face-to-face interactions are so crucial in developing social skills Comparing communication skills and regular exercise The importance of teaching children about emotional awareness at a young age Some societal norms that impact how men respond in relationships and around money Understanding the financial aspect when choosing your life partner Comparing and contrasting gambling and long-term investing The one thing most people need when it comes to their finances in this fast-paced world How your financial behaviors can impact and influence your children’s financial behaviors Why it is critical to understand privilege and how to use it positively How a lesson on gratitude can benefit your little ones Resources Mentioned on the Show: Behind Many Powerful Women on Wall Street: A Doting ‘Househusband’ By Miriam Gottfried in The Wall Street Journal Episode 55: Money Lessons for Our Daughters Episode 56: Navigating Parents’ Aging & Financial Care: Lessons from A Personal Journey with Kathryn Peyton Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Navigating Parents' Aging and Financial Care: Lessons from A Personal Journey with Kathryn Peyton

    Navigating Parents' Aging and Financial Care: Lessons from A Personal Journey with Kathryn Peyton

    · If Money Were Easy

    Today's episode features a special guest who brings a wealth of experience both professionally and personally. Kathryn Peyton, a CERTIFIED FINANCIAL PLANNERℱ with Abacus Wealth Partners since 2016, joins us to share her invaluable insights on managing the role of an executor. We'll dive into Kathryn's personal journey, where she combines her professional expertise with real-life experiences, such as caring for her aging mother. Kathryn will discuss the significance of car rides and open conversations with elder family members, the financial and emotional investment of being an executor, and insights on how to prepare for and manage this crucial role. Join us to explore how to navigate the complex yet rewarding responsibilities of being an executor with our esteemed guest, Kathryn Peyton.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode The role of a geriatric care manager and the benefit it can have to your elder and you A few ideas on how to balance personal and caregiving roles How to foster open and meaningful conversations with your elders How to create space and opportunities for elders so you can learn more about them and their wishes The importance of having open communication when it comes to end-of-life desires and planning A few tips on how to alleviate stress on the elder and on you as the executor A few things you should keep in mind if you are named someone’s executor The importance of having accounts designated as “pay on death” The time commitment as an executor What you can do to make your work as an executor streamlined before the person’s passing Resources Mentioned on the Show Blogs written by Kathryn Peyton Stay Connected Find Kathryn on LinkedIn and learn more about her by reading her bio. Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Money Lessons for Our Daughters

    Money Lessons for Our Daughters

    · If Money Were Easy

    In this episode, we discuss money lessons for our daughters and explore the crucial role of financial awareness, the importance of self-reliance, and the evolving financial roles of women in society. We'll share personal anecdotes, discuss historical contexts, and emphasize the importance of modeling positive financial behaviors for the next generation. We believe that money isn't just a tool for daily transactions—it's power. It's the key to independence, freedom, and making informed choices. Whether it's managing household finances, advocating for oneself, or navigating power dynamics in relationships, these lessons are vital for our daughters to learn early and understand deeply.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: The importance of understanding where your money goes and how to make it work for you Why self-reliance is so importance when it comes to your finances The reason we, as parents, need to model positive financial behaviors for our children The misnomer regarding women and math and why gender bias in academia needs to be eliminated How women advocating for other women can impact your finances What conversations need to happen when couples have income differences When planning for your future, have you thought about these things? The best way to respond when you make a mistake Why you must believe in your abilities and validate your own worth How to advocate for change to make sure you have a seat at the table Resources Mentioned on the Show: A Brief U.S. History of Women in Money and Finance by Josh Elledge Marriage & Money: Is a Prenup Right for You? with Terry Steen on If Money Were Easy The Rise of the Female Breadwinner: Key Planning Tips and Considerations by Alyssum Malone Cher Interview on Dateline with Jane Pauley. NBC. 1996. Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Marriage and Money: Is a Prenup Right For You? with Terry Steen

    Marriage and Money: Is a Prenup Right For You? with Terry Steen

    · If Money Were Easy

    In today's episode, we explore the often-misunderstood topic of prenuptial agreements (prenups). Joining us today is our esteemed guest, Terri Steen, an experienced family law attorney and mediator who has been practicing family law in Los Angeles since 2009. We'll explore the phases of prenuptial agreements, their impact on communication and empathy in relationships, and what makes for successful prenup negotiations. We'll also touch upon the importance of postnuptial agreements, legal obligations for immigrant spouses, and the complexities of commingling finances. And of course, we’ll share Terri's personal insights and experiences that shed light on why prenups can be a vital tool for protecting individual assets and ensuring financial clarity in marriage.

    So, whether you're considering a prenup, navigating financial discussions with your partner, or simply curious about the legal and emotional facets of marriage and money, stay tuned—this episode is packed with valuable insights and practical advice.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: The importance of have open money conversations early in your relationship The three phases of prenuptial agreements and how to navigate the potential emotional challenges How to talk about financial history and future financial planning in your relationship Why prenups should come from a mutual understanding The reason understanding legal obligations around finances and marriage is important in your relationship How to maintain separate properties and some of the rules around community property How often you should be looking and updating your prenuptial agreement A reason to seek legal counsel before marriage The fundamental principal to achieve financial stability while making sound financial decisions The stigmas surrounding prenups Stay Connected: Connect with Terry on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Preparing for the Death of a Loved One with Jana Davis

    Preparing for the Death of a Loved One with Jana Davis

    · If Money Were Easy

    While not always an easy conversation to have, talking and preparing for the death of a loved one is incredibly important. On this week’s episode, we’re joined by Jana Davis, a financial advisor at Abacus Wealth Partners, who specializes in working with octogenarians and people in their later chapters of life. Jana’s approach to financial planning is rooted in empathy and radical candor, making sure that elderly clients are treated with the respect and dignity they deserve. Today, we'll be diving into the importance of having open and honest conversations with our aging family members, making comprehensive plans well ahead of time, and the necessity of having a strong support team in place. Tune in as we explore the critical steps in end-of-life planning and share advice on how to handle these conversations with care and empathy.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: The best way to handle the conversation around finances and health care planning for elderly family members What to consider when talking about fears and concerns for those elderly family members The best time to start planning for the death of a loved one and some signs to look for A few key pieces of information to generate (if they haven’t been already) to make for efficient and effective planning What to ask for when understanding the person’s financial portfolio Some of the trusted advisors to have on the team as you and your elderly family member navigate these waters Why estate planning and expense management is crucial as end-of-life approaches The importance of involving your children for the parents’ financial affairs How to guard again scams and elder abuse Why a balance between empathy and logic in financial planning must be used Stay Connected: Connect with Jana Davis on LinkedIn or reach out at [email protected] Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Tax Planning for Entrepreneurs with Tiffany Vaught

    Tax Planning for Entrepreneurs with Tiffany Vaught

    · If Money Were Easy

    Today, we're diving into a topic that can make or break a business—tax planning for entrepreneurs. In this episode, we’re excited to have Tiffany Vaught join us. Tiffany is not just any CPA; she’s a Certified Exit Planning Advisor (CEPA¼) for small business owners, the CEO of Incurio, LLP, and the co-founder of Something Artists. With her entrepreneurial spirit and extensive experience, Tiffany brings a wealth of knowledge about proactive financial planning and tax strategies that can help you navigate your business journey with confidence.

    We'll discuss tax planning essentials—whether you're a sole proprietor or contemplating making an S Corp election, the significance of maintaining accurate records, and Tiffany’s insights on the IRS’s increasing use of AI for audits. We’ll also touch on how unique income streams and expenses, like those from influencers, or complex real estate investments, play into your tax planning. So, whether you're a seasoned entrepreneur, a solo consultant, or just starting out, join us!

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: How a CPA can help provide financial solutions in your business When to do your own accounting and when to hire a professional The importance of understanding basic accounting to facilitate planning and tax filings Why accurate and timely bookkeeping is crucial for business strategy and financial planning How frequently you should be checking your business books and why A key to long-term business stability The best way to improve cash flow management and mitigate unforeseen financial challenges How to shift your operations from hand-to-mouth to forward-looking financial health What you need to be strategic with cash flow management and acquiring lines of credit Understanding how entrepreneurs can avoid crises and optimize growth strategies Resources Mentioned on the Show: The Soul of Money: Reclaiming the Wealth of Our Inner Resources by Lynne Twist Stay Connected: Connect with Tiffany Vaught on LinkedIn, Twitter, and Instagram. Visit Encuriohq.com to learn more. Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Is Homeownership Still Part of the American Dream

    Is Homeownership Still Part of the American Dream

    · If Money Were Easy

    In today's episode, we tackle a significant question: Is Homeownership Still Part of the American Dream? It’s a complex topic, influenced by changing economic landscapes, psychological factors, and the ever-evolving housing market. We'll explore the benefits and challenges of homeownership, discuss current market conditions, and offer practical advice for those considering whether to own real estate as part of their financial journey. Tune in as we help you understand whether homeownership should still be a dream you aspire to—or if there are other paths to financial success worth considering.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: The evolution of homeownership as part of the American Dream Why older generations have benefited more from the housing market The impact high-interest rates are having on the housing market How supply and demand are sharping the housing market Discussing the question of whether you should buy or rent The current economic impact that is occurring across multiple industries because of the shift in the housing market How to balance a home down payment with your other financial goals Who you should consider having on your team if you are interested in buying a home and the impact a good team can have A few things to think about when looking at a house as a long-term investment Why it’s important to look to the future when thinking about becoming a potential homeowner Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Why You Need a Village to Get Through Parenthood

    Why You Need a Village to Get Through Parenthood

    · If Money Were Easy

    Raising kids takes a village. As the old saying goes, it really does take a community to support parents, especially in this day and age of over-scheduled lives and demanding careers. Having a tribe you can lean on makes all the difference. In this episode, Mary Beth and Neela get real about their own experiences relying on their village. They touch on topics such as the importance of building a community, learning how to ask for help, even when it’s uncomfortable, navigating the pressure to “do it all” as working moms, and how investing in your village pays dividends for your family and your career.

    So let’s get ready for an honest conversation about needing your people to get through this wonderful, exhausting journey called parenting. Let's dive in!

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: Why building a supportive community is crucial for navigating parenthood Where to look for valuable support and resources The importance of asking for help and being vulnerable Individuals you can lean on for much-needed breaks How to attack parenthood through delegation The best way to navigate summer activities and camps for children Outside-the-box ways to invest in relationships and support each other The one word that can help avoid overcommitting and allow you to maintain a healthy life balance The encouragement you can provide your children to assist with additional support Why it’s important to cultivate a diverse and supportive community, for you, for your family, for your career and for your financial future Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Financial Planning for Inheritors with Daria Victorov

    Financial Planning for Inheritors with Daria Victorov

    · If Money Were Easy

    Today, we’re joined by a special guest, Daria Victorov, who is a financial advisor at Abacus Wealth Partners, and specializes in working with young professionals in tech and those who have come into wealth at a young age. Join us as we dive into the topic of financial planning for young inheritors. We'll explore the unique challenges and opportunities faced by those who come into wealth early in life, and Daria will share her insights on how to navigate this complex journey. Whether you're a young inheritor yourself or simply curious about the financial dynamics of inherited wealth, this episode is packed with valuable information and practical advice.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: How Daria got into the niche of working with young inheritors The age demographic of a “young inheritor” and a few things they struggle with When inheritors typically come to seek guidance from a financial advisor The approach many inheritors take after inheriting wealth Why managing money is important for everyone, regardless of your income level The emotional and social struggles young inheritors face Why some young inheritors struggle with lifestyle adjustments Some of the initial responses financial advisors see with the inherited money How family dynamics play when it comes to inheritance and trusts and how an independent party can help navigate those family dynamics How long it can take some to create a build financial confidence Stay Connected: Connect with Daria via email at [email protected] or on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • The AI Tools You Should Know About As a Consumer with Gabe Brenner

    The AI Tools You Should Know About As a Consumer with Gabe Brenner

    · If Money Were Easy

    In today's discussion, we're diving into the world of artificial intelligence and its implications for consumers. We’re joined by Gabe Brenner, a financial advisor at Abacus Wealth Partners, who shares his perspective on the integration of AI tools in financial planning and everyday life. Gabe will walk us through the potential and practical uses that AI holds, from boosting productivity to navigating complex information effortlessly, and even aiding in our creative ventures. We'll also discuss the dual nature of AI, covering both its benefits and potential risks, including AI-driven scams and the necessary precautions to protect ourselves against them. Gabe will share some of his recommended AI tools and his experiences with them. By the end of this episode, you'll have a clearer understanding of how to leverage AI effectively, its importance in our rapidly evolving technological landscape, and ways to safeguard yourself against its potential pitfalls!

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: Understanding the basics of AI tools and how they show up in the consumer market How to use AI for creative tasks effectively Leveraging some of the AI tools out there (and which one is best for different tasks) The impact AI is having on several careers and industries Gabe’s top 4 AI tools Why it’s important to verify the data obtained from AI Some of the potential risks and scams and how to implement security measures Some of the upcoming advancements in AI A few of the companies that are working to keep AI ethical and use it for good A discussion on how AI is being integrated into educational processes Why consumers should integrate AI into their daily tasks for better outcomes Resources Mentioned on the Show: Perplexity Claude Chat GPT-4o Gemini Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn
  • How to Be a Conscious Consumer and Investor with Kate Barron-Alicante

    How to Be a Conscious Consumer and Investor with Kate Barron-Alicante

    · If Money Were Easy

    Today, we bring on Kate Barron-Alicante, Director of Impact and Financial Advisor at Abacus Wealth Partners. Kate is here to guide us on a journey to becoming conscious consumers and investors. She'll share her insights on aligning our spending and investment decisions with our deeply held values, making mindful choices that do more than just serve our immediate needs—they help to sustain the communities and the planet we care about. In this episode, Kate will walk us through her own experience and offer practical, personalized steps to initiate meaningful change. We'll explore the concept of B Corps, explore the importance of impact reports, and discuss the broader implications of our financial decisions, from everyday purchases to the banks we choose. By the end of our conversation, you'll have a better understanding of how to evaluate companies on their treatment of workers, environmental practices, and social impact—so you can make choices that reflect what matters most to you. So let’s jump in and get started!

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: What is meant by conscious consumerism Why we should pause, slow down, and be mindful of our spending decisions What Impact Spending is and how to maximize your conscious consumerism impact Where to start to build conscious consumer habits How to tailor your conscious consumer decisions based on your personal life Some criteria to use when searching for ethical companies B Corp explained and the impact these companies have How to read and analyze a company’s impact report Why you should focus on being 1% better on your conscious consumerism Other industries to include in your conscious consumer choices to leverage a collective impact in the world Resources Mentioned on the Show: B Corporation Find a B Corp Additional Resources: 2023 Abacus Impact Report Stay Connected: Connect with Kate Barron-Alicante on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Winning the Credit Card Game: Making Sense of Perks

    Winning the Credit Card Game: Making Sense of Perks

    · If Money Were Easy

    Today we’re exploring a topic that excites many and mystifies others:Credit Cards. Learn how to make your credit cards work for you! From understanding the perks to making sense of rewards, we’ll guide you through the ins and outs of maximizing your credit card benefits. Whether you're a seasoned cardholder or just starting out, this episode is packed with insights to help you leverage your credit cards effectively. Mary Beth and Neela give insight into how they use their credit cards to maximize the offered benefits. Let's jump right in and decode the credit cards and ways to be a strategic credit card holder.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: How to figure out the best credit card for you based on your lifestyle Understanding the different types of rewards and where they can fit into your plan The best way to balance annual fees and rewards How many credit cards should you have? If you are paired up, how to approach the credit card game with your significant other Some good practices to follow to avoid hits on your credit score A great way to maximize the benefits from the cards you currently have What positively and negatively impacts your credit score (and how it all works) A few tools and resources to use when exploring the credit card game The best way to utilize credit cards responsibly Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Financial Planning for Families with Young Kids with Emily Benedetto

    Financial Planning for Families with Young Kids with Emily Benedetto

    · If Money Were Easy

    Today, Mary Beth is joined by Abacus advisor, Emily Benedetto to discuss financial planning for families with young kids. Emily brings a wealth of knowledge and practical advice for young parents grappling with the new financial responsibilities that come with expanding their family. Mary Beth and Emily discuss everything from managing emergency funds, life insurance, the importance of discussing money openly, to how to save for your children's future. Whether you're expecting your first child or navigating financial planning with little ones running around, this episode is packed with valuable insights.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: The reason having an emergency fund is a necessity, especially with young kids Some savings adjustments you can make to continue to focus on your financial goals and meet the needs of your littles Two things you should take care of within the first year child’s life How to manage the cost of childcare and other options to consider When right time is to be thinking about your kids’ college savings The importance of revisiting your financial plan once your child has been born Ways to make ends meet without breaking the bank Adjustments you can make to your financial decisions, so it doesn’t feel like you’ve pushed your financial goals aside for your kid The importance of having open discussions with your partner about money Resources Mentioned on the Show:

    How to Teach Your Children About Money with Gabe Brenner

    Stay Connected: Reach out to Email at [email protected] or on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Investing 101: Wall Street without the Jargon

    Investing 101: Wall Street without the Jargon

    · If Money Were Easy

    In today's episode, Mary Beth and Neela demystify the world of investing. They explore the crucial differences between saving and investing, underscore the importance of starting early to take full advantage of compound interest, and explain why diversification is your best defense against market volatility. Whether you're a seasoned investor or just starting out, this episode will equip you with the knowledge to make wise investment decisions and set you on the path to financial security. Get ready to transform the way you think about money, as we break down complex financial concepts into easy-to-understand language. Let's dive into the basics of investing and learn how to let your money work for you!

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: The best way to leverage the power of compound interest and maximize wealth accumulation Inflation explained and how to outpace it Why diversification is so crucial to your financial success How to approach your emotions around investing The reason to focus on long term planning for your investments Sorting out the differences between saving and investing How to evaluate and understand your risk tolerance The best way to get started on your investment journey Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Truth and Lies About Retirement Planning

    Truth and Lies About Retirement Planning

    · If Money Were Easy

    In today's episode, Mary Beth Storjohann, CFPÂź and Neela Neela Hummel, CFPÂź dive into common misconceptions and hidden truths about retirement planning. They unpack quotes and beliefs about retirement, investing, and saving, providing clarity on important financial concepts that directly impact your retirement future. Tune in to see if you know which of these sayings are true and which ones are lies!

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: Why you should examine your retirement plan before approaching retirement age Why it’s important to start early when saving and investing How to approach Social Security when it comes to retirement planning The truth about long-term healthcare costs and what to consider Why even saving a small amount consistently can help in the long run How to approach retirement if you are a small business owner The difference between saving and investing Tools to leverage for retirement planning Stay Connected: Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn
  • How Do You Know When You're on Track to Being Financially Free?

    How Do You Know When You're on Track to Being Financially Free?

    · If Money Were Easy

    In today’s episode, Mary Beth Storjohann, CFP¼ and Neela Neela Hummel, CFP¼ explore the concept of financial freedom and how to know if you're on track to achieve it. They discuss the different interpretations of financial freedom, retirement planning, the FIRE movement (Financial Independence, Retire Early), the impact of savings and investment on achieving financial freedom, and the importance of having a diversified financial portfolio. They also touch upon the psychological aspects related to money, the significance of tracking net worth and budgeting, and the use of online retirement planning calculators to gauge progress toward financial freedom. They emphasize the personalized nature of financial planning and the need for a holistic approach when considering factors such as expenses, income streams, assets, and tax allocation. Tune in as Mary Beth and Neela share their insights on achieving financial freedom and providing valuable advice to help you on your path to financial independence.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: Why being financially free means different things to different people How to define what financial freedom means for you Other definitions of being financially free besides retiring Why many people continue to work once they’ve reached financial freedom What the FIRE movement is and the sacrifices that come with it The 4% retirement rule and how to apply it to your life The importance of having a combination of assets when approaching retirement The tax implications if you are solely relying on your 401k during retirement The importance of tracking your net worth throughout your life The importance of a budget and understanding your household expenses as you approach retirement Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Financial Planning and Infertility

    Financial Planning and Infertility

    · If Money Were Easy

    On this episode of If Money Were Easy, Mary Beth Storjohann and Neela Hummel unpack the emotional fabric of financial planning through the lens of a journey both personal and common - infertility. Together, they explore the emotional and financial complexities of fertility treatments, the importance of setting a budget, the different financing options available, and how to navigate the intersection of monetary investment and deeply personal choices within the journey of starting a family. Join the conversation and navigate these intricate waters with empathy and financial acumen on today’s episode.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: The importance of knowing what your insurance covers when it comes to fertility treatments Questions to ask when speaking with your insurance company about fertility treatments Why you need a budget when it comes to such an emotionally tolling topic The reason you shouldn’t accept the first offer when it comes to the price for the medications needed for fertility treatment How to go in with a plan so it doesn’t completely ruin your financial health Other financial options you can explore instead of just taking the first one presented to you by the fertility clinic Why you should consider the long-term financial implications when making your family plan The importance of discussion the extremes should the worst-case scenario happen Caring for your mental health and how to prepare How intertwined financial planning and infertility planning are and how to set yourself up to stay on track Resources Mentioned on the Show: Bunless Oven: Bring Hope to Your Trying-To-Conceive Tears by Sandi Sheehan Stronger Than Infertility by Heather Huhman Navigating Infertility and Finances in 10 Steps Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
  • Are Financial Stereotypes Playing Out in Your Relationship?

    Are Financial Stereotypes Playing Out in Your Relationship?

    · If Money Were Easy

    Today we dive into the nuances of personal finance, challenge financial stereotypes, and explore how they might be influencing your relationship. In this episode, Mary Beth Storjohann and Neela Hummel discuss the common stereotypes around money management within relationships and share their personal experiences about how these assumptions have played out in their lives. They tackle a variety of themes from the ingrained idea that 'money is a man's work,' to who should handle the investing, to the societal pressures and expectations when women are the breadwinners. Tune in for this candid, sometimes humorous, but insightful conversation and let’s reflect on the financial dynamics that can play out in relationships.

    For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

    What You’ll Learn in this Episode: Some of the financial stereotypes that exist as cultural norms or practices How some of these stereotypes show up in heterosexual relationships The challenges with one partner handling all of the finances Societal expectations for men and women when it comes to paying the bill How better financial outcomes can come when both partners are engaged financially The stereotype behind who handles investments and how studies have countered the societal expectation The struggle women face, especially as breadwinners in heterosexual relationships and the additional pressure society puts on them The importance of good communication and an equitable division of financial roles within a household Why many stereotypes around money should be challenged Resources Mentioned on the Show: The Gender Wage Gap and What to Do About It The Gender Wealth Gap and What to Do About It Fair Play by Eve Rodsky Financial Planning for Women Abacus Academy Stay Connected: Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn Join the Abacus community by connecting with us on Facebook, Twitter, Instagram and on LinkedIn
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