How to Money

Some of the best things in life are free, but many of the most meaningful goals demand serious time, effort, and sacrifice. The problem is, we rarely get a clear look at what it actually takes to reach those heights. Instead, we see the highlight reel, not the hard parts, which can leave us with a warped sense of the work required to achieve our own ambitions. Our guest today is here to set the record straight. She believes you can earn your freedom but only if you’re willing to put in the work. Bola Sokunbi is a first-generation immigrant who has helped tens of thousands of women build wealth and take control of their financial futures. Her personal story, paired with her practical advice, makes for a powerful combination. Bola’s new book is Clever Girl Millionaire and today we discuss:
High cost of financial splurges run amok
Appreciating vs depreciating assets
Quickly adapting to a new financial system
The example set by her parents
Learning financial lessons the hard way
Building wealth with side hustles
Identifying your phase of life
Determining your “bigger why”
And much more…
Can’t get enough How To Money? Here are some additional ways to get ahead with your personal finances:
Cashback credit cards: Check out our favorite credit cards that we use to maximize rewards and optimize our spending.
Other money nerds: Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Newsletter: Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Money Gears: knowing what to do with your money is crucial to your personal finance journey.
MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.

And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!
See omnystudio.com/listener for privacy information.

We’re kicking off the week by answering your listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

1 - Jumbo downpayment: What’s the downside of putting down more on a house in order to reduce my monthly payment?
2 - Saving rate stress: Should I worry about contributing to my Roth if I’m already investing 25% of my income via my 401k?
3 - Roboadvisor: Is it worth paying the extra .2% for the Vanguard roboadvisor or should I rebalance on my own?
4 - Failure to financially launch: What do I do about my adult son who has ruined his credit, only recently landed a solid job, and now wants to buy a house?

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Credit card perks: Check out our favorite credit cards that we use to maximize rewards and optimize our spending.
Other money nerds: Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Newsletter: Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Money Gears: knowing what to do with your money is crucial to your personal finance journey.
MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.
During this episode we enjoyed a Whale Fall by Creature Comforts! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!
See omnystudio.com/listener for privacy information.

Time for a Friday Flight- our little sampling of the week’s best financial news and what it means for your personal finances. There are a lot of headlines out there, but we boil them down to specific takeaways that will allow you to kick off the weekend informed and help you to get ahead with your money. In this episode we explain some relevant and helpful stories like:
WFH holding you back
Education debt = time thief
Nice gal discounts
AT&T vs US Mobile
K-shaped credit scores
Super prime downsides
Portfolio over politics
Social Security cliff approacheth
(and Mike Piper on millennials counting on SS)
Stock driven wealth
BTC underwater

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Credit card perks: Check out our favorite credit cards that we use to maximize rewards and optimize our spending.
Other money nerds: Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Newsletter: Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Money Gears: knowing what to do with your money is crucial to your personal finance journey. MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.


And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!
See omnystudio.com/listener for privacy information.

Try to explain consciousness. Go ahead… we’ll wait. It’s almost impossible, but that doesn’t make it any less real! Same with gravity. You can’t see it, but it shapes every movement you make, and it did long before anyone could fully explain it, even after Isaac Newton put words and math to it. Economic forces work similarly to gravity. You don’t always see them, you might not fully grasp them, but they quietly influence every financial decision you make, from the biggest to the smallest. That’s what today’s show is all about. Alex Mayyasi is a journalist, podcaster, and author of the new book, Planet Money, where he explores the hidden economic forces shaping everyday life. Today we discuss:
Pricing is more than just a number
Tariffs as taxes and their impact on quality of goods
Our personal choices in an uncertain world
Absolute wealth vs relative wealth
Expectations for continued economic growth
Housing supply and demand as a game of musical chairs
Alex’s new podcast about the business of food, Gastronomics
And much more!
Can’t get enough How To Money? Here are some additional ways to get ahead with your personal finances:
Cashback credit cards: Check out our favorite credit cards that we use to maximize rewards and optimize our spending.
Other money nerds: Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Newsletter: Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Money Gears: knowing what to do with your money is crucial to your personal finance journey.
MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.

And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!
See omnystudio.com/listener for privacy information.

We’re kicking off the week by answering your listener questions! And if you have a question that you’d like for us to answer on the show, we’d love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!

1 - JL Collins: Do you guys agree with the same investing principles in The Simple Path to Wealth?
2 - Mortgage ripoff: Even though I have a 4% mortgage, why am I paying closer to 45% in interest?!
3 - Cash or stocks: Since we’re nearing retirement, should we refill our cash holdings or go all in on investing instead?
4 - Extra income: Help us figure out what we should be doing with more income than we know what to do with!

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Credit card perks: Check out our favorite credit cards that we use to maximize rewards and optimize our spending.
Other money nerds: Find a thriving community of fellow money nerds by joining the HTM Facebook group!
Newsletter: Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Money Gears: knowing what to do with your money is crucial to your personal finance journey.
MG7: and maybe you’re well on your way to financial independence but you’re looking for some financial reassurance, that’s when heading over to HowToMoney.com/Advisor and getting matched with a highly vetted financial advisor makes sense.
During this episode we enjoyed Here’s To Feeling Good All The Time by Bissell Brothers! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!
See omnystudio.com/listener for privacy information.