Making Margin

Making Margin Podcast Episode 53 - Spending with Intent Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickJeffNatalie AllieJenIn this episode, we continue our conversation on using your finances to live your values, focusing on spending with intent. The discussion is inspired by Morgan Housel's blog post titled ‘A Few Thoughts on Spending Money,’ sharing our own ideas and tweaks to his advice. Join us as we chat about getting intentional with our spending! Questions: Is that true? Are there only two ways to use money? Does this explain a lot of what we see?

Making Margin Podcast Episode 52 - Defining Your Destination Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickJeffJenNatalie In this episode we talk about applying your values to your finances. We think it’s important to create a structure that allows you to live out what’s most important to you, and to view money in a way that provides you the opportunity to do that. Every spending (or giving, or saving) decision can then be viewed through this lens.

What happens when you fail at market timing?: https://www.dimensional.com/us-en/insights/what-happens-when-you-fail-at-market-timing The Periodic Table of Investment Returns: https://www.callan.com/research/2022-classic-periodic-table/ Dave guessing his Mom's Thanksgiving Pies: https://www.youtube.com/watch?v=1xa_ICrQHCM

So this is the New Year! In Episode 50(!) of the Making Margin podcast, we offer our ideas for New Year's Financial Resolutions; easy things that anyone can do to put themselves in a better position financially.

Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickNatalie JeffAllieSince its inception, the 529 has been a popular education savings vehicle. Over the years, it has received a few enhancements, but none better than the most recent one thanks to the Secure Act 2.0. We’ll talk about the 529, the changes, and how it might fit into a financial plan. In 1996, U.S. Senator Bob Graham of Florida, where a prepaid plan was well established, and U.S. Senator Mitch McConnell of Kentucky, which had a savings trust, led a bipartisan effort to provide federal tax relief for all plans, resulting in the creation of Section 529 of the Internal Revenue Code (IRC). Questions Resources: https://www.collegesavings.org/history-of-529-plans#:~:text=In%201996%2C%20U.S.%20Senator%20Bob,Internal%20Revenue%20Code%20(IRC). https://finaid.org/savings/state529deductions/

Making Margin Podcast Episode 48 - The Psychology of Spending Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickJeffNatalie Allie“A subtle problem with money is that assets are easy to measure but liabilities can be hidden.”-Morgan Housel Today we’re talking about the psychology of spending, and why setting arbitrary limits that are well below what you can currently “afford” can make it easier to build wealth. Questions Resources: https://www.apa.org/monitor/2023/06/psychology-of-spending https://collabfund.com/blog/rich-and-anonymous/ https://spectrum.mit.edu/winter-1999/the-psychology-of-spending/

Making Margin Podcast Episode 47 - These Are The Biggest Money Mistakes That We See People Make Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickJeffAllieNatalie DrewWe often talk to our clients about the importance of avoiding mistakes with their money. So much about personal finance isn’t about trying to hit home runs; it’s consistently hitting singles and avoiding mistakes. But what are the most common mistakes we see people make with their money? We’re looking at an old Nick Magguilli (Mah-Julie) post from his blog Of Dollars and Data to guide our discussion, and where we agree and don’t agree with his assessment. Discussion Topics: Resources: https://ofdollarsanddata.com/biggest-money-mistakes/

Questions Resources: https://www.investopedia.com/what-happened-to-silicon-valley-bank-7368676 https://www.investopedia.com/terms/t/twofactor-authentication-2fa.asp

With so many negative headlines, is there a reason to be optimistic about the markets (and life in general) this year? What about in future years? Questions Resources: https://www.bloomberg.com/news/articles/2023-02-01/will-stocks-fall-michael-burry-says-sell-in-ominous-tweet-ahead-of-fed

Resources: https://www.kiplinger.com/retirement/bipartisan-retirement-savings-package-in-massive-budget-bill https://www.schwab.com/learn/story/secure-20-how-does-it-affect-retirement-plans

We’re back with some year-end financial planning ideas to make sure you start 2023 with a bang.

The recent implosion of cryptocurrency exchange FTX has thrown the entire crypto market into (even more) turmoil. What does it mean for the future of crypto as an asset class? In this episode, we revisit a conversation we had in the fall of 2021 to find out if anything has changed for us and our clients.

Making Margin Podcast Episode 41 - Student Loan Forgiveness Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind Making Margin: NickJeffDrewOn Aug. 24 Biden announced that his administration will waive student loan debt for qualifying Americans — $10,000 for individuals earning less than $125,000, plus an additional $10,000 for those who had received Pell Grants, which support tuition for lower-income students. We discuss everything we know about it. Resources https://www.cnbc.com/2022/08/30/how-to-get-ready-to-apply-for-student-loan-forgiveness.html?utm_content=Main&utm_medium=Social&utm_source=Twitter#Echobox=1661945050-1https://www.politifact.com/article/2022/aug/30/joe-bidens-student-debt-forgiveness-plan-legal/

Making Margin Podcast Episode 40 - Skimp or Splurge Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind Making Margin: NickJeffAllieNatalie DrewToday we’re talking about skimping and splurging. Lifestyle choices have an enormous impact on people’s financial futures. It’s important to align your expenses with your values if you want to experience financial success. But that might mean skimping some places and splurging in others. So where do we skimp and where do we splurge? Discussion Topics: Resources https://ringgitohringgit.com/saving-money/rules-splurge-skimp/

Making Margin Podcast Episode 39 - Has the Housing Bubble Burst? Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickJeffAllieNatalie DrewToday we’re talking about the housing market. Mortgage rates for 30-year fixed loans hit roughly 6% in June, up from a little over 3% a year ago, according to Bankrate data. Now there are early signs that some places have excess inventory. How should would-be homebuyers react? Discussion Topics: Resources: https://www.marketwatch.com/picks/im-the-director-of-forecasting-for-the-national-association-of-realtors-here-are-6-things-you-should-know-about-the-housing-market-now-01656706585 https://fred.stlouisfed.org/series/MORTGAGE30US

Making Margin Podcast Episode 38 - How Low Can You Go Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickNatalie JeffDrewToday’s topic is all about the current market. The US Stock market (S&P 500) suffered the worst first half since 1970 - down nearly 20% since the beginning of 2022. People are mostly blaming inflation. So what’s to come? And how should investors prepare? Discussion Topics: Resources: https://www.cnbc.com/2022/06/30/the-markets-worst-first-half-in-50-years-has-all-come-down-to-one-thing.html *When the S&P 500 plunged 21% in the first half of 1970, it promptly reversed those losses to gain 26.5% in the second half and eke out a gain for the year.* https://www.wsj.com/articles/mutual-funds-managers-positive-returns-11656881703 https://www.dimensional.com/us-en/insights/so-whats-your-plan-for-the-bear-market

Making Margin Podcast Episode 36 - To Roth or Not to Roth Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickJeffDrewToday we’re talking about Roth IRA and 401(k); something we discuss with almost every client. What are the advantages and disadvantages? Who do they make the most sense for? Discussion Topics: Resources: https://www.schwab.com/ira/roth-ira/what-is-a-roth-ira https://www.schwab.com/resource-center/insights/content/should-you-consider-roth-401k

Making Margin Podcast Episode 35 - Marriage & Money Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind this episode of Making Margin: NickNatalie JeffDrewAllieToday’s topic is all about money & marriage. What are the key ingredients for couples to be successful financially? Discussion Topics: Couples who succeed financially relate to money similarly, and execute a plan based on shared vision and goals. Resources: https://www.amazon.com/Important-Money-Decisions-Every-Couple/dp/0736946225?asin=0736946225&revisionId=&format=4&depth=1 https://financialtherapyassociation.org/find-a-financial-therapist/

In this episode we discuss cash. How much should you have? Where should you hold it? How much is too much?

Making Margin Podcast Episode 34 - The Benefits of Generosity Welcome to the Making Margin podcast! Greenway’s team is here to discuss common financial mistakes and to help you navigate them. Meet the voices behind Making Margin: NickJeffAllieNatalie DrewToday we’re talking about generosity. Part of our mission as a firm is to become more generous and to develop a culture of generosity with our clients. What does that actually mean though, and why would we do that? Discussion Topics: Resources https://www.fool.com/the-ascent/research/study-it-pays-be-generous/