Martinis and Your Money Podcast (personal finance)

Hello Martinis and Your Money Listeners! Today’s podcast episode was inspired straight out of my own experience of transitioning my 17-year-old son, Will, from a car passenger to a licensed driver. Bill and I have been talking about this in theory for over a year now as Will has been practicing driving and taking classes, etc. but I’m not sure anything really prepares you for it until it hits you straight in the face. 

Over the years, I have witnessed clients' expectations of kid costs to decrease over time, only to realize that some of the early large expenses like nannies or daycare just wash over into camps and sports as they age and then ultimately car insurance and college costs as they continue to age. 

Joining me today is my great friend and work wife for life, Alicia Lazarto, to talk about how to prepare and manage your family’s finances with a teen and also how you can set your teen up for success once they leave the home. 

For more information, visit the show notes at https://www.martinisandyourmoney.com/show-notes/episode459

Direct download: MAYM_459_Teen_Finances.mp3
Category:personal finance -- posted at: 1:00am EDT

Last month, I used Halloween as my inspiration to share with you the theme of Financial Horror Stories. And I had one more to tell, so the theme has rolled over in November. Last month I shared some client situations and my own where it felt as though we were starring in our very own Financial Horror Movie. Today’s episode is a little different. Joining me today is Financial Gym Trainer and Happy Hour co-host Joy Liu to discuss how life insurance and how you utilize it can create it’s own financial horror story. We discuss why we think it may or may not make sense to have it, when it makes sense to cancel it and what to do when you’re faced with the painful decision of deciding whether or not to continue paying into a horrible scenario and when you walk away. This is an important episode for anyone who has or is considering whether or not life insurance should be part of their financial health journey.

For more information check out our show notes here!

Direct download: MAYM_445_Joy_Insurance.mp3
Category:personal finance -- posted at: 1:30am EDT

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