New Money New Problems Podcast

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

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

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

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

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

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

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

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

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

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