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Saving for Flexibility

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It seems like this year has been all about the FIRE movement: Financial Independence, Retire Early. But the more I hear about it, the more I realize that it's not so much about retiring early as it is about having options down the road. That's the case this week with Stacy from Indiana who is socking away a ton of money in order to have options. Where should she be putting her savings?

Have a money question? Email me here.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Should I Pay Off the Car Loan Early?

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We start the show this week with Devin from Pittsburgh who is wondering if it makes sense for him to use some of his cash savings to pay off his car loan. Sounds like a no brainer, right?

Next up was Katie from Omaha, who’s wants to start increasing her retirement savings, but isn’t sure which is the best vehicle to use. A deferred comp option? Backdoor Roth? Or a plain old brokerage account?

The email purge continues in hour two. We’re making a pretty good dent and hope to be caught by early September.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Stocks Plunge, What You Should Be Doing

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Americans saw a big chunk of their stock market savings disappear on Wednesday over fears of an economic recession. During a week like this, what should you be doing? What shouldn't you be doing? That's what this quick episode is all about. Keep calm and carry on!

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Having the Money Talk with Your Parents

As your parents age, you may find that you want or need to broach the often-difficult subject of finances. 

In Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, personal finance journalist Cameron Huddleston lays out the best ways to approach this issue, along with a wealth of financial and legal information that will help you help your parents into and through their golden years.

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Sometimes parents are reluctant to address money matters with their adult children, and topics such as long-term care, retirement savings (or lack thereof), and end-of-life planning can be particularly touchy. 

In this book, you’ll hear from others in similar positions who have successfully had “the talk” with their parents, and you’ll read about a variety of conversation strategies that can make talking finances more comfortable and more productive.

  • Learn conversation starters and strategies to open the lines of communication about your parents’ finances

  • Discover the essential financial and legal information you should gather from your parents to be prepared for the future

  • Gain insight from others’ stories of successfully talking money with aging parents

  • Gather the courage, hope, and motivation you need to broach difficult subjects such as care facilities and end-of-life plans

Although talking money with your parents can be hard, you aren’t alone, and this book will guide you through the process of having fruitful financial conversations that lead to meaningful action.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

How to Save for Retirement?

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Today we're talking to Jed from South Dakota who is new to the investing world and trying to figure out how to make up for lost time.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Talking Money with Your Parents

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This week we start the show with Kimberly from Atlanta. She and her husband are doing a great job of saving but are having a difficult time taking the next step of actually investing a good chunk of their money. Do they need to see a planner? Or is this a situation where they can do it on their own? Or maybe a robo?

Next up was Mary from San Francisco who is in the running for daughter of the year. Being the good person she is, Mary is in the process of trying to help her parents get their finances in order. A problem that’s more common than you’d think.

No hour two guest this week as we try to yet again catch up on the emails. We’ll likely be doing this throughout the month of August, so if you’re a fan on the guest interviews, expect them to return in September.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Fiscal Therapy

Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time, we have let critical investments lag and left many people behind even as overall prosperity has grown. 

Our latest guest, William Gale, is a leading authority on how federal tax and budget policy affects the economy, and in his latest book, Fiscal Therapy: Curing America's Debt Addiction and Investing in the Future, Gale provides a direct discussion of the challenges posed by the imbalances between spending and revenue. 

America is facing a gradual decline as debt accumulates and delay raises the costs of action. But there is hope: fiscal responsibility aligns with both conservative and liberal goals and citizens of all stripes can support the notion of making life better for our children and grandchildren.

We face significant fiscal challenges but, if we are wise enough to seize our opportunities, perhaps we can strengthen our economy, increase opportunity, reduce inequality, and build better lives for our children and grandchildren. We do not have to kill popular programs or starve government. 

As the book discusses, one main goal of fiscal reform is to maintain the vital functions that government provides. To act responsibly, pay for the government we want, and shape that government in ways that serve us best.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Should We Be Saving for College?

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Great conversation on this episode with Jenny from Washington state who is wondering if she and her husband should be putting aside any college money for their baby son.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Should I Move to Make More Money?

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We start the show this week with Aimee from Mississippi who had an interesting question. Should she stay where she is and make less, or pack up and move for a higher salary? So many things to factor when making such a decision, like the cost of living and whether or not you really want to move!

On the Jill on Money show we like to celebrate financial literacy year round.

To help us break down the ABCs of financial literacy, we’re joined by Nan Morrison, President and Chief Executive Officer of the Council for Economic Education.

The Council for Economic Education’s mission is to teach K-12 students about economics and personal finance. The goal is to reach and teach every child in every district and school so that they can make better decisions for themselves, their families and their communities.

The global economy has become so complex that the gap between what people know about economics and personal finance, and what they need to know, is widening every day.

Americans are increasingly responsible for their financial future; yet an alarming number lack even basic economic awareness. Only 43% of 12th grade students tested at or above proficient on the most recent National Assessment of Educational Progress economics assessment, and American teenagers fall in the middle of the pack globally in financial literacy.

Many parents are ill-equipped to instruct their children in economics and personal finance, and teachers, too, are often unprepared to impart this essential knowledge.

That’s why more than ever we need to be passionate about educating young people about an economy they will work in, benefit from, and ultimately, inherit.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Applied Empathy

Our latest guest, Michael Ventura, entrepreneur and CEO of award-winning strategy and design practice Sub Rosa, shares how empathy, the ability to see the world through someone else’s eyes, could be what your business needs to innovate, connect, and grow.

Having built his career working with iconic brands and institutions such as General Electric, Google, Nike, and Warby Parker, Ventura offers entrepreneurs and executives a way forward with his recently released book, Applied Empathy: The New Language of Leadership.

Applied Empathy presents real strategies, based on Sub Rosa’s design work and the popular class Ventura and his team have taught at Princeton University, on how to make lasting connections and evolve your business internally as well as externally.

For leaders of all levels, this book lays the foundation to establish a diverse, inventive, and driven team that can meet the challenges of today’s ever-evolving marketplace. If you want to connect to the people you work with and for, you first have to understand them.

Have a money question? Email me here.

Please leave us a rating or review in Apple Podcasts.

Connect with me at these places for all my content:

https://www.jillonmoney.com/
https://twitter.com/jillonmoney
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https://apple.co/2pmVi50

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.