The top 5 pitfalls for first-time homeowners to avoid

• Pitfall 1: Not checking your credit score

• Pitfall 2: Not figuring out how much home you can afford

• Pitfall 3: Not getting pre-approved for a mortgage

• Pitfall 4: Assuming you need a 20% down payment

• Pitfall 5: Just going with the first real estate agent someone recommends

Episode Links:

• Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.

• Realtor.com

• The Book: The Essential First-Time Home Buyer's Book: How to Buy a House, Get a Mortgage, And Close a Real Estate Deal

• Mortgage Calculator

Follow Judy!

• Facebook - @judy.dutton.10

• Twitter - @judy_dutton

• LinkedIn

Follow Realtor.com!

• Facebook - @Realtor.com

• Twitter - @realtordotcom

• LinkedIn - @Realtor-com

• Instagram - RealtorDotCom

• Pinterest - @RealtorDotCom

• YouTube - @RealtorDotCom

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Bobbi reveals her favorite new money related books, and how to decide if they are right for you. This month’s picks include “Mom and Dad We Need to Talk. How to Have Essential Conversations with Your Parents About Their Finances” by Cameron Huddleston, “Clever Girl Finance: Ditch Debt, Save Money, and Build Real Wealth” by Bola Sokunbi and “Agent of Influence How to use Spy Skills to Sell Anything and Build a Successful Business” by Jason Hanson”

Some ground rules:

There will be only positive comments. Because why waste your time telling you about something I don’t think is worth your time. 

Also - we limit our selections to books written by authors that appear on the podcast. In most cases they will have already appeared- so you can then go back and listen to their episode if you want to learn more. Occasionally, the episode will be in the future - so hopefully you will subscribe so you don’t miss it. 

Here are 3 books I truly enjoyed in the past month!

Book #1

This book holds a special place in my heart- I have known the author, Cameron Huddleston for a few years and I feel like I had a front row seat seeing how this book evolved based on her own extremely intense personal experience. After years of hard work the book was finally released on June 25th and It is called “Mom and Dad we need to talk. How to have Essential conversations with your parents about their Finances.” And I was honored that Cameron asked me to write a blurb for the back cover so be sure to check that out if you pick up the book.

Here’s what I liked about it:

1. This is one of those taboo topics- that should not be but is. It’s like when they say people are more comfortable talking about sex than about money, This is kind of the ultimate taboo and as I have said, it is one that I personally struggle with.

2. She has specific solutions in the book if you like me, just don’t want to deal with this. One chapter (8 if you want to know) is literally called A step by step approach to a successful conversation. Which include things that should be obvious but aren’t: like listening without bias and write down everything. And for those of you asking to yourself - what if it doesn’t work- she even has a chapter for what do to if you at first don’t succeed.

3. The very end of the book has a long and specific list of additional resources that will save you a ton of time..

Who is this book for?

It is for everyone with parents, or any older relatives or friend they either have financial ties to or could possibly have to care for in the future.

Book #2

Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth by Bola Sokunbi.

Bola has developed a huge following because of her incredible story of saving $100,000 in 3 years after college and is an advocate for women’s financial independence. She is a certified financial educator and has a podcast and has been featured in several media outlets including Money Magazine and ABC News. This book is an extension of her popular website “Clever Girl Finance”

Here’s what I liked about it:

1. Bola admits to her own money mistakes. Like the time she celebrated that 100,000 savings by spending thousands on a Chanel bag.. and then more handbags. This actually happened. You can listen to it on the episode I did with Bola last year. We’ll link to it in the show notes.. but we’ve all had that moment. If not with money- then something else like celebrating weight loss- by eating something that was NOT on the eating plan. She’s right there with us and gets how hard it is.

2. She includes real world examples through case studies and interviews with women who have come back from severe debt to financial freedom and the opportunities that the success has provided. The stories are motivating and inspiring.

3. Speaking of inspiring- I love the inspirational quotes Bola includes: some are from big names like Oprah Winfrey’s quote “Surround yourself only with people who are going to lift you higher” and some are from Bola directly and hit the mark including “knowing where you stand financially will help you make plans for where you want to go”.

Who is this book for?

It is aimed at a beginner audience but is a great refresher for those who are already on the path to financial independence. While in theory it is aimed at women, there’s really not much in this book that is limited to women or that excludes men so I would say to the men in the audience not to let the title keep you from checking out the book if it looks interesting.

Book #3

Agent of Influence. How to use spy skills to persuade anyone, sell anything and build a successful business and it is by former CIA officer Jason Hanson.. founder of Spy Escape and Evasion. He is also the author of the NYTIMES best seller Spy Secrets that can save your life. The basic premise of the book is that spy skills are also business skills

Here’s what I liked about it:

1. The book has techniques that I had never heard of that a lot of very sophisticated people, especially in sales, probably have used on me very effectively. You feel like you are being let into a secret club where everyone knows things you don’t and now you are finally getting in on the secrets to how things really work.

2. Many of the specific skills taught in the book can translate into ways to be more successful in getting what you want in life, not just getting a sale or a deal. For example, Jason teaches readers how to get information from a conversation by looking at what is being communicated outside of the actual words. How to analyze facial expression, gestures, posture, eye contact, tone of voice, proximity and physical touch, and even the pace of their breathing. Things I never thought about but that really do tell a lot about what’s really going on. Using that extra information can give you an edge.

3. Almost as a case study, Jason shares his behind the scenes experience on Shark Tank and how he spent a ton of time researching the sharks, learning who would be the best fit, and how he would reel in this shark- in this case Daymond John- whom he wanted to work with for a very specific reason which he explains in the book. It really takes it to another level. I also research people heavily before big meetings and it has served me well.

Who is this book for?

This is a book for ambitious people who are willing to put in the work. Because all of Jason’s great ideas don’t just happen without putting in direct and thoughtful preparation. But they are innovative and they are things most of us will now know so they are well worth your time if you want to invest in yourself.

Episode Links:

• Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.

• Cameron Huddleston’s Financial Grownup episode + Get your copy of Mom and Dad We Need To Talk

• Bola Sokunbi’s Financial Grownup episode + her Financial Grownup Guide episode + Get your copy of Clever Girl Finance

• Jason Hanson’s Financial Grownup episode + Get your copy of Agent of Influence

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

The gig economy is here to stay, and freelancing can be either a side hustle or a full time job. Cody Berman of Fly to Fi joins us with 5 tips on how to maximize your time and profits doing what you love, on your own terms.

5 things you must know to freelance like a Financial Grownup

• Take the time to get set up intentionally

• Have a niche

• Invest in the right tools

• Know how to document

• Create systems

Episode Links

• Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.

• Cody’s website - https://flytofi.com/

• Cody’s podcast The FI Show

• Cody’s Freelance Course - https://goldcityventures.com/financial-grownup

How to get TWO discounts for Cody’s Freelance course:

• You MUST purchase the course through the link above by June 30, 2019 in order to get the second discount!

• After you purchase the course through the link above, take a screenshot of this podcast episode within 7 days of purchase

• Post it on social media and tag Cody and Bobbi within one week of buying the course.. Bobbi is at @bobbirebell1 and Cody is at @CodyDBerman on instagram

• After the 30-day money back guarantee has expired, we will make arrangements to send you the additional 40 percent off the course.

• We wanted to give a huge shout out to our editor Steve Stewart. In Cody’s freelance course, you will find an exclusive interview with Steve, who shares a bit of his knowledge in the podcast editing world.

Follow Cody!

• Instagram - @CodyDBerman

• Twitter - @flytofi

• Facebook - @flytofi
  

Having good credit matters for so many things we want to do as financial grownups- from things as simple as getting a credit card, to being able to get a mortgage or even a job. But there are a lot of myths around what makes a good credit score and what can hurt it. We tackle 6 of them with Clever Girl Finance author Bola Sokunbi. 

6 credit myths that will probably surprise you

• Myth #1: paying your cell hone bill builds your credit score

• Myth #2: Carrying a credit card balance is good for your credit

• Myth #3 Closing unused credit cards is good for your credit

• Myth #4: Thinking you only have one credit score

• Myth #5: Checking your credit report will not reduce your credit score

• Myth #6 A bad credit score cannot be rebuilt

Episode Links

Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.

Bola’s website - www.CleverGirlFinance.com

Bola’s previous Financial Grownup episode

Follow Bola!

• Instagram - @CleverGirlFinance

• Facebook - @CleverGirlFinance

• Twitter - @CleverGirlCGF

• Pinterest - @CleverGirlCGF

• YouTube - @CleverGirlFinance

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

We talk with Frank founder Charlie Javice, who has raised 15 million dollars for her startup that helps streamline the FAFSA process, about easy but often overlooked ways to make college more affordable. They include negotiating lower tuition, accessing scholarships that might be overlooked and the red flags to avoid when it comes to setting up a repayment plan for loans. 

5 tips to make college more affordable

1. Make sure you have exhausted all possible sources of funding

2. Choose the right repayment plan

3. Complete the FAFSA even if you think it is pointless

4. Don’t necessarily take the first financial aid offer

5. Negotiate your tuition

Episode Links:

Charlie’s Website Frank - www.WithFrank.org

Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.

Follow Charlie!

• Twitter - @CharlieJavice

Follow WithFrank!

• Instagram - @WithFrank

• Facebook - @WithFrank

• Twitter - @With_Frank

• YouTube

• LinkedIn

Bobbi reveals her favorite new money related books, and how to decide if they are right for you. This month’s picks include “Take the Leap” by Sara Bliss, “The Remix” by Lindsey Pollak, ”Limitless” by Laura Gassner Otting and “The Wealth Creator’s Playbook” by John Christianson

Some ground rules:

There will be only positive comments. Because why waste your time telling you about something I don’t think is worth your time. 

Also - we limit our selections to books written by authors that appear on the podcast. In most cases they will have already appeared- so you can then go back and listen to their episode if you want to learn more. Occasionally, the episode will be in the future - so hopefully you will subscribe so you don’t miss it. 

Here are 4 books I truly enjoyed in the past month!

Book #1

Let’s start with Take the Leap. Change Your Career, Change Your Life by Sara Bliss. The book focuses on stories of people who left a career they were pretty settled in.. and well took the leap into something very very different. Taking the term career pivots to the extreme- more like pirouette’s.. And I love that the stories are told in a very short format- you can dip in and just read one in about 5 minutes and then come back to the book and be drawn to another- individual lite stories combined to make an in-depth resource. 

Here’s what I liked about it:

1. Her Mantra: Begin Anyhow. Because there is always going to be a reason not to start to move towards a new career. so begin anyhow.

2. While the book is as you would expect cheerful, upbeat and inspiring it is also extremely specific and detailed about the hard work and sacrifice often involved. Want to go from Wall Street to wine making? You may not need to but the person profiled went way downscale for a year to learn his craft before he actually started the career change. No magic pills here. 

3. She is totally transparent about the money focus. 70 percent of those profiled make more in their new and happier careers- so this isn’t about working for the love of the work- it is very much about finding ways to get paid more by disrupting your ideas about how to sell your skills. 

Who is this book for?

I’m tempted to say people unhappy with their careers but that’s not enough. To really get the most out of Take the Leap you have to be dreaming of something better and self aware enough to understand the work involved. 

Book #2

The Remix. How to lead and succeed in the Multigenerational Workplace by my friend multi-generational expert Lindsey Pollak. 

Did you know that there are 5 generations now in the workplace? The book’s title refers to the idea that at parties when a DJ wants to get everyone excited to dance- he plays a remix because the younger guests know the new song but it is also familiar to the older guests.. and next thing you know the dance floor is packed. 

Here’s what I liked about it:

1. Lindsey gives very easy to do things that can bring us all together. Like if workers feel displaced because of not having a permanent desk or office anymore- she presents solutions such as personalizing the things we bring with us everywhere like our computers. And Lindsey reframes the way we think about popular workplace concepts- instead of work/life balance. It is work life integration.

2. She recommends apps that also make it easier to implement her strategies. Like feedback apps to keep a continuous conversation going because some generations want feedback a lot more often than one annual review. 

3. The original research that Lindsey has done is what really sets this book apart. While she absolutely does interview the top thought leaders in the industry, and presents a ton of data,  The Remix is full of information that we have not read elsewhere because it is her original content.. from misperceptions about remote work, to the reality of whether ping pong tables and free lunch really work to retain employees in a tight job market. 

Who is this book for?

This book is for people who want a big picture look at the changes in the workplace in the last decade or so -along with specific solutions that they can implement in their own day to day work environment to just enjoy the time more and learn from other generations. 

Book #3

Book #3 is by Laura Gassner Otting and it is called Limitless. How to Ignore everybody, Carve Your own path and Live your Best life

This book is a bit woo woo self help book but in a good and literal way- trust me. It focuses on 4 functional elements to help us break through external and internal limits. 

Here’s what I liked about it:

1. It doesn’t so much tell you what you need to change in your life to be happy- rather, limitless focuses more on How you can figure it out for yourself. because we are all different and there isn’t a one size fits all. It gives you the framework. It’s up to each of us to determine our own personal version of success

2. As much as there is a cheerleader tone to this- it is balanced out by tough love. For example, being busy is not the same as getting results. So we need to have some honesty there- and that is something I personally have been struggling with recently. 

3. She is candid  about her challenges as a mompreneur. The author started her company with a 6 week old child. Why? Because that’s when an opportunity for a first client fell into her lap- so she seized the opportunity- and I think that is a great point- the best opportunities don’t always come when we are ready- but we can become ready very fast when they do come- often when we have the least amount of time. 

Who is this book for?

People who need someone to tell motivate them to achieve their potential. It’s like those of us who know we should eat healthy but need someone to write out the menu. Or want to work out but need a trainer to get us to the gym. Laura knows how to say things in a way that gets rid of the excuses and helps the reader get things done. 

Book #4

The Wealth Creator’s playbook- a guide to maximizing your return on  life and money by John Christianson. 

This is not a beginner investment book- and it speaks to a very specific demographic if we are being honest. People who have money and consider themselves wealth creators. So just go in knowing that. 

Here’s what I liked about it:

1. The author is not afraid to be honest about who his audience is and therefore comes across as uniquely authentic- he isn’t talking down- he is talking with a very specific segment of the population who don’t want to simply settle for being wealthy- but are looking for a more fulfilling life regardless of their bank account. 

2. It’s kind a of now what for people that have acquired a certain degree of financial success.. and really calls onus to evaluate why we spend such a high percentage of our time and effort focusing on the accumulation of wealth, and how our identity changes once we have it. 

3. While it is, as they say, a first world problem, the Wealth Creators Playbook does address the challenges that come with wealth including the isolation, relationship challenges, spiritual aspects of dealing with money. 

Who is this book for?

The book is clearly aimed at those who have accumulated money but are looking for guidance in dealing with the changes it has brought on- including assessing their values, how they deal with their kids and money, and the best way to be generous with their wealth. 

Episode Links:

• Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.

• Sara Bliss’ Financial Grownup episode + Get your copy of Take The Leap

• Lindsey Pollak’s Financial Grownup episode + Get your copy of The Remix

• Laura Gassner Otting’s Financial Grownup episode + Get your copy of Limitless

• John Christianson’s Financial Grownup episode + Get your copy of The Wealth Creator’s Playbook

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Matchmaker and relationship expert Samantha Daniels joins Bobbi to share her top tips to have financially grownup relationships including what to do if you are a spender and your partner is a saver (or vice versa), exactly when and how to talk about money, who pays when you go out and how to protect your relationship when you finances are under pressure. 

1. Understand each other's theories on finances so that you can predict how your partner might react to a given situation (splurging vs conservative, over spender vs saving or a rainy day, spontaneous, etc)

2. If one person is making all the money, make sure the other person feels comfortable that they are sharing the money. There can be a lot of built-up resentment if the non-earning spouse feels like he or she needs to "ask permission" each time they want to spend which isn't good for the relationship.

3. Decide who will pay when you go out as a couple. Who has the credit card, who takes it out of their wallet, regardless of who makes more money.

4. Decide who is going to take care of the monthly finances- all the monthly bills and then create an account that is for those bills so you make sure you can pay them each month without a discussion.

5. If you are going through financially hard times, come to an agreement about priorities on how to spend the money you do have and come up with a budget that works for both of you.

Episode Links:

Blinkist - Summarizes books to just 15 minutes. In fact you can even listen to one minute chunks at a time. They are called these blinks. Try it out for FREE here.

Samantha’s website - www.SamanthasTable.com

Follow Samantha!

• Instagram - @MatchmakerSD

• Twitter - @matchmakerSD

• Facebook - @Samantha.Daniels1

• LinkedIn - @SamanthaDaniels

• Pinterest - @matchmakerSD

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Episode 200!

Bobbi shares 20 quick and easy ways to be a little more Financial Grownup some of her hopes for the podcast as the show grows up. 

Bobbi: This is a surreal episode. We are celebrating number 200 - and I want to first thank everyone for your support. The DM’s that you send me mean so much- as do reviews so just thank you and I hope I keep delivering value to all of you. Please be in touch and keep letting me know what you like and what you want to hear more of.. and I will do my best to deliver. So for this special episode I kind of wanted to do something fun directly with you guys, 

20 quick and easy Financial Grownup tips

1. Organize your closet to know what you own and be able to find it when you want to use it. Full disclosure I’m in the process. When we moved into our apartment- oh a decade ago- stuff got put away. and we all know how that goes. We are dong a major re-org and I’m working up to actually spending money on a closet system. There’s always something more important- right? I’ll keep you posted and leave links in the show notes for resources. But knowing what you have will keep you from spending on things you.. already have. And if we are being honest- unless you are that really organized person we all aspire to be- it probably has happened. 

2. Donate or sell clothing you have not worn for two years- or choose your own time frame but no a decade is not acceptable and yes I have clothing that is a decade old. So i’m on it too. Let’s face it- we all have stuff  that we know was a mistake-buy. I give myself a 5 out of 10 on this one. There’s more room to go on this. Make sure to get a receipt in case you end up deducting donations on your taxes

3. Go on that trip. Modify it to fit your budget but to not put off your life until you feel you are a “grownup”. I had a hard time last year going to Iceland. It’s expensive. So we went for just 4 nights. Don’t sit home not living your life. That’s definitely not grownup. 

4. Decide on purpose if you are buying or renting for the next 5 years. In other words have a plan.. and play out the scenario of how your finances are impacted by that decision. Write it down and maybe discuss with someone you feel comfortable talking money with. 

5. Make sure your  side hustles actually accomplish a goal. If it’s money- make sure you are making enough to justify the time. If it’s for fun- make sure you really are having fun. Don’t side hustle just because its a thing

6. Plan meals. This is on my aspiration list which is really bad. We eat at home but it’s a lot of same same same. And because we live within a block of several groceries including whole foods- I’m not organized with shopping and often need to run across the street for that one missing ingredient as I’m cooking dinner in the evening. Not grownup. We can all do better. 

7. Understand your paycheck. Go through each line and look up what it is. Just so you know. If you already did your 2018 taxes (we filed for an extension) go through each line there so you understand the tax pain points under the new tax law. You may make different choices if for example, something you used to deduct no longer is. 

8. Clean out your computer and create digital systems. I’ve been working on this and it is already making a difference in my general productivity not just in my business but with life in general. Also my computer runs better when it’s cleaned out. Pro-tip: if it is really bad- drag everything onto a hard drive- wipe it clean- and then only load on the stuff you miss. You might want a professional to supervise. 

9. On that note, create mail systems. I use sane later and I’ve been mostly happy with it to sort e-mail.There is still a lot of room for improvement because sometimes it is too aggressive and puts emails from unknown senders (like a potential client) into spam. Feel free to send me tips on organizing my email better. 

10. Follow brands you like on social to get discounts. For example: we were ordering in last week, I went to twitter, got a discount code, and instantly saved money

11. Read the news. Grownups know what is going on around them- politics is important because it is often the politicians decisions that impact our finances- hello new tax law. Be aware of what is up to date- and by the way that includes things like financially relevant supreme court decisions, and trade war developments. Those can directly impact everything from what things cost to buy, to the job market. 

12. Create a financial slush fund to support your friends charities and causes. Like it or not, as we grow up, we get asked to support friends and actually co-workers causes. Sometimes you even get ambushed when you least expect it- I remember being with my husband at a work related party hosted by someone senior to him at the firm. His 12 year old son hit us up for a donation to his boy scout troop. We had no choice but to give. Multiply that time losing count and that’s what you will start to get. And the truth is that example aside, you want to give. So start to budget for it. And it is more than ok to give $25 even $10. It’s the support that counts. 

13. Focus on being really nice to anyone you deal with in customer service. You can usually get better service and sometimes a better deal. You can even ask nicely if there are any coupons or discounts available. They often are and if you are that nice person, they usually choose to tell you.

14. Read the directions to things you buy and invest the time to really learn how to work them- not just muddle by. This is an aspiration for me. I often rush to use products without really learning to use them. Even my iPhone. I can do the basic stuff but I haven’t invested the time for example, to learn how to take the best photos, or shortcuts that I know are out there. Every time I go to an apple store I learn just from those slide shows they have showing little iPhone tips. So Note to Self- take the time to learn more about the things that I already own - like the iPhone- can do. 

15. Read more books. Books make you smarter. They just do. I try to segment 45 minutes before bed to devote to reading books.That often goes to books of authors that are going to be on the show. I also listen to books on audio when I’m walking around or taking public transportation. And as our regulars know- I use Blinkist to get the best summaries of books I have aspired to read but haven’t gotten to. Done is better than perfect and Blinkist gives me the intel I want to get from the books in the most efficient way. I do audio but you can also get it with just text- and on any device including Kindle. As some of you know, I love Blinkist so much I partnered with them- so if you want to check it out- please use my link for a free trial and to support the show. 

16. Install web extensions like honey , rakuten and ebates so you get cash back when you buy things

17. Sell things you aren’t using for money- and buy used things when they are just commodity items. And yes you can buy refurbished.  

18. Unsubscribe. In your email and also with almost everything you do- then add back in the things you miss. They will always take you back. and you sometimes get a better deal for requesting to cancel. 

19. Be smart about outsourcing. It may make sense to have someone do things for you if they can do it more efficiently and free up your time to do things that either make more money than that person costs you, or if you can afford it, frees you up to have more fun. Just because you CAN do something doesn’t mean you should, or that you are the best one for the job. Financial Grownup has a great editor- even though technically I know how to edit, Steve does a better job and it is not the best use of my time. Same goes for a lot of my social media. Ashley, my wonderful assistant, is more efficient at it than I am. What should you be outsourcing?

20. Look up from your screen and talk to someone IRL. You could even call someone instead of emailing, texting or messaging via social media. And focus on listening- something I’m definitely always trying to get better at. You never know what kind of business opportunity- or even friendship-  could come from just paying better attention to the world around us. 

Before we wrap- a quick note about the show. If you listened to the April Fools show- but not until the end. It was April Fools. The show is continuing. I do have a lot going on but this show is a labor of love, so I have no plans to stop. That said, my goal for the next couple hundred is to focus on expanding the show and yes- monetizing it. I have two people that help put the show together- Steve Stewart and Ashley Wall and they need to get paid, as do I. So- while the show will remain free- I do ask that you understand that we will be having sponsors on the show. Rather than shortchange you on the editorial content, the sponsors may at times  make the show a little longer. And that’s ok. I have an amazing lineup of guests for the summer that I can’t wait to bring to you- so thanks to all of you for being financial grownups with me. 

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Part of being a grownup is learning to be thankful for what we have, and to give back. It all comes down to simple acts of kindness. We speak with, Natalie Silverstein,  the author of Simple Acts. The Busy Family’s Guide to Giving Back who shares specific ways even the busiest of grownups can give back to the community in ways that make all of our lives richer. 

4 Kindness Tips for Financial Grownups

• Ask what is needed- actually talk to the organization

  • If you want to help in your community, think about the things that you can do. If you’d like to help a particular organization, reach out to them to see exactly what it is that they could use help with.

• Use your skills

  • You don’t necessarily have to have a special skill to be able to help. It can even be as simple as helping an elderly person to learn how to use a computer, a phone, or write an email.

• Make it social

  • Doing a service project with friends or family can make things more fun for everyone. This also is a great time to bring your young children in to help. Children love to help!

• Tell other people and invite them to get involved

  • If you share with others about how they can do good things, they are often times very excited to learn more and to become involved themselves. Sometimes others just simply don’t know where or how they can help.

Episode Links:

Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.

Natalie’s traditional Financial Grownup episode

www.DoingGoodTogether.org

www.SimpleActsGuide.com

Natalie’s book Simple Acts

Follow Natalie!

• Instagram - @simpleacts_guide

• Twitter - @simpleactsguide

• Facebook - @simpleacts_guide

  
  

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

The best new money books for Financial Grownups.

May 2019 Edition.

Once a month we feature a handful of books by authors that have appeared on the financial grownup podcast and share with you some of the reasons I chose to have the authors on the show. My promise is to be candid about how you can decide if the book is the best selection for your time and goals. For example,   Dig your Heels in by Joan Kuhl. While it has the most amazing strategies for staying in the corporate workforce, if you are in full startup mode or already feeling pretty solid in your entrepreneurial ventures, it maybe not the best investment of your reading time. 

Some ground rules:

There will be only positive comments. Because why waste your time telling you about something I don’t think is worth your time. 

Also - we limit our selections to books written by authors that appear on the podcast. In most cases they will have already appeared- so you can then go back and listen to their episode if you want to learn more. Occasionally, the episode will be in the future - so hopefully you will subscribe so you don’t miss it. 

Here are 3 books (+ a bonus book) I truly enjoyed in the past month!

Book #1

Let’s start with the one with one that is by Erin Lowry, whose brand “Broke Millennial’ no longer applies to her- and actually for those who follow her- never really did if we are being honest. She’s always been pretty money conscious. 

Here are three things I liked about her new book Broke Millennial takes on Investing. A beginner’s guide to leveling up your money. 

• There is no attitude. Erin takes ownership of the fact that her readers literally may know nothing about investing and will take her explanations down to the most basic level. The things we all pretend to know because we think we should. So for example, when she explains what asset allocation is, she uses the term risk tolerance but then takes the time to explain what that is. 

• She owns the fact that she is the writer- and not always the expert- so she seeks out experts including Jen Barrett from Acorns, Certified Financial Planner Doug Boneparth and Jill Schlesinger- the latter two have been on this podcast- and yes we’ll have links to them and their books in the shownotes as well.

• And finally- Erin gets personal about the financial grownup lessons she learned from her parents- and very specific. For example, her dad declared at age 24 that he wanted to be a millionaire by age 40. Did he? You probably guessed correctly but read the book to confirm.

Who should read this book:

Anyone who hears about investing and is curious but doesn’t know where to start, as well as beginners who want to get a better handle on what they are doing, and a little validation along the way.

Book #2. 

Dig Your Heels In. Navigate Corporate BS and Build the Company You Deserve by Joan Kuhl.

This is just what it sounds like- it’s about finding a way to stay in a corporate job when you really want to tell them to go to you know where. 

Here’s what I liked about it:

• Her strategist are specific and laid out for the reader- but there is also no bs that you have to do the work. For example, she talks about different ways to achieve goals. And is honest that you have to figure out who has the power to get you to that goal. But you have to do the work to seek out those people and find a way to get them to advocate for you. There are solutions here but no easy fix. She’s just being honest.

• There are some big revelations that I had no idea about- things like how opportunities and promotions are really decided behind closed doors that you think you know but you don’t. Like pre-gaming for reviews. Read the book. Joan has secrets.

• She did a lot of legwork and has interviewed an unbelievable number of high level women and men so there is propriety research in this book. Specific first person stories of how the most successful people make it work and yes, dig their heels in. 

Who should read this book?

I’m going to say both genders, but the truth is Kuhl is speaking primarily to women.. in large part because more women quit the corporate workforce in droves to deal with the demands of family- and these days they often start their own thing. But for women who would like to find a way to work things out, this is the best thing ever. As I said when Joan was on the podcast, I wish I had this book when I was at Thomson Reuters as a tv anchor and trying to balance my family life. 

Book #3:

An Economist Walks into a Brothel and other Unexpected Places to Understand Risk by economist Allison Schrager who is also with Quartz. 

Here’s what I liked about it:

• If we are being honest, the title. I mean- I love that Allison Schrager had the guts to just put it out there there is definitely a shock value to this book.  

• The fascinating different stories illustrating risk and reward in industries from surfing to paparazzi to the movie business.. and of course the brother. You learn economics- but you also learn a lot of behind the scenes dirt about these very cool niche businesses.

• The author has a real point of view. She takes a stand. For examples, Schrager gives us permission- and justification to NOT take risks that don’t make sense. “Taking more risk than necessary is inefficient.” 

Who is this book for?

People whose eyes glaze over when someone starts talking economics and risk. In a way- It’s for the nerds that haven’t yet come to terms with their nerdiness.. we’re turned off by insider jargon and boring explanations-  but secretly really do want to know all the data- just in a really fun and accessible way. This book is story telling at it’s finest. 

Bonus Book (because technically it is not a money book):

Travel Anywhere and Avoid Being a Tourist by financial grownup guest Pavia Rosati and her Fathom co-founder Jeralyn Gerba

The authors met as editors at Daily Candy and then later teamed up to launch the travel platform Fathom. It is an editorial website and so much more. You can find digital guides- as well as help planning your travel through their concierge service which I have personally used and loved when I went to Iceland.

Here’s what I liked about the book:

• I love it for all the reasons you should not read it on a kindle! This is just a beautiful book to just experience. Stunning photos and a beautiful layout and sharp focused writing. 

• There are actual money saving tips - like hostels where you feel like you are staying at a boutique hotel, and a nice little travel hacks section with tips like how much to invest in a top of the line suitcase, what to check on your data plan before you go and knowing your auto insurance coverage in advance. Doing these things can potentially save you a ton of money.

• The Digital Nomads chapter. Because although in theory we talk a lot about shutting off all the electronics when we travel, sometimes it’s just really nice not to be judged when we choose not to. Put another way- what if you get to travel because your work is portable- not everyone with a laptop on a beach is a slave to their job- it could be quite the opposite. 

Who is this book for:

People that already travel a lot and are looking for fresh perspectives, and those who want to travel but just don’t know where to get started.I personally can feel overwhelmed and so fearful of making a mistake that I can’t even get started.  And of course it’s great If you just want to look at beautiful pictures and learn about all the world has to offer- even if it’s not on your calendar in the immediate future. This book can just be for the love of relaxing with a special book. I’m not giving away my copy any time soon. 

Episode Links:

• Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.

• Erin Lowry’s Financial Grownup episode + Get your copy of Broke Millennial takes on Investing

• Joan Kuhl’s Financial Grownup episode + Get your copy of Dig Your Heels In

• Allison Schrager’s Financial Grownup episode + Get your copy of An Economist Walks into a Brothel

• Pavia Rosati’s Financial Grownup episode + Get your copy of Travel Anywhere and Avoid Being a Tourist

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Broke Millennial’s Erin Lowry joins Bobbi with 3 specific things you can do today to upgrade your investing strategy, along with her take on how to be a successful investor.  For example: How much should you be paying for your investments? How long should you set it and forget it- when do you check in on your investments? What is an investment audit? Are all index funds the same? Plus a preview of her new book “Broke Millennial Takes on Investing’ . How to tell if your goals are in line with the investment choices you are making? And what to do if you don’t understand an investment term but don’t want to ask. 

Here are the 3 things you must know about actionable investing tips

• Increase contributions in small increments

• Pay attention to expense ratios- they matter so much

• write down goals and check in once a year

Episode Links:

• Erin's new book Broke Millennial Takes On Investing: A Beginner's Guide to Leveling Up Your Money

• Erin's first book Broke Millennial: Stop Scraping By and Get Your Financial Life Together

• Jill Schlesinger's Financial Grownup episode

Check out Erin's website -

www.BrokeMillennial.com

Follow Erin!

• Instagram - @BrokeMillennialBlog

• Pinterest - @BrokeMillennial

• Twitter - @BrokeMillennial

• Facebook - @BrokeMillennial

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Money is powerful and while it can’t solve the world’s problems, how we invest and the strategic decisions we make can have a huge impact. Learn what you need to look for in an investment, the questions to ask, and the best ways to make sure your investments have the impact you want. 

7 ways to invest and make a positive impact

1. First you'll want to find out what you own

2. The importance of figuring out what you care about most impacting through your investments

3. Then check out the ratings for your current investments

4. Why you will want to become a shareholder activist

5. Why you want to consider banking with a community bank, a credit union, etc.

6. Why this is the most important thing to do - ask questions

7. And last, but definitely not least - Do something! Even with small amounts of money.

Episode Links:

https://investforbetter.org

https://www.tpi.org/about/people/ellen-remmer

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

A big part of being a financial grownup is getting organized- and not just with our finances. This goes for our stuff, our technology and even our scheduling. Barbara Reich has shared her secrets with millions appearing on programs like the Today Show and in publications like the New York Times, and now shares with financial grownup listeners.

Here 3 organizational tips for Financial Grownups

• The importance of knowing what you have

• Why it's important to store things where you can find them

• How labeling what you have can really help to keep things organized

Episode Links:

Barbara's website www.ResourcefulConsultants.com

Follow Barbara!

• Instagram - @BarbaraReich_Resourceful

• Facebook - @ResourcefulConsultants

• Pinterest - @BarbaraReich

• Twitter - @BarbaraReich

• YouTube

• LinkedIn

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Bobbi reveals her favorite new money related books, and how to decide if they are right for you. This month’s picks include Melissa Leong's Happy Go Money, Student Loan Solution by David Carlson, Nathan Latka’s How to be a Capitalist without any Capital, Women with Money by Jean Chatzky and Work Wife by Erica Cerulo and Claire Mazur.

Here are 5 money books that I truly enjoyed

• Happy Go Money by Melissa Leong

  • Melissa's Financial Grownup episode

• Student Loan Solution by David Carlson

  • David's Financial Grownup episode

• How to be a Capitalist without any Capital by Nathan Latka

  • Nathan's Financial Grownup episode

• Women with Money by Jean Chatzky

  • Jean's Classic Financial Grownup episode

  • Jean's Financial Grownup Guide episode

• Work Wife by Erica Cerulo and Claire Mazur

  • Erica Cerulo and Claire Mazur's Financial Grownup episode

Be sure to listen to the episode to learn if the book is for you or not

Episode Links:

• Melissa's website - www.MelissaLeong.com

• David's website - www.YoungAdultMoney.com

• Nathan's website - www.NathanLatka.com

• Jean's website - www.JeanChatzky.com

• Erica Cerulo and Claire Mazur's website - www.OfAKinda.com

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

The market for Initial Public Offerings is red hot. But before jumping in, financial grownups need to understand how they work, and why they can be a lot more complicated than many people know. 

Episode Links:

• Stephan Paternot's Financial Grownup episode

• Allison Task's Financial Grownup episode

• Tanya Van Court's Financial Grownup episode

• ETF’s that invest in IPO’s

• Renaissance Capital IPO ETF

• Investopedia does a great job explaining IPO’s here

• Read more about the Pinterest IPO

• Read more about the Instinet IPO Bobbi invested in here
  

One of the best ways to have more money is simply to get paid more. Except is isn’t always simple. NBC Financial Editor and Her Money founder Jean Chatzky shares 4 strategies to earn more money. Jean also shares a sneak peak at her new book “Women with Money”.

Here are 4 strategies to earn more money

• Get clear on your number

• Rinse and repeat - the more you ask the easier it gets

• Add tax

• There is more than money on the table

Episode Links:

• Jean's website www.HerMoney.com

• Jean's podcast Her Money

• Jean's book Women with Money

• The website for Jean’s book www.WomenWithMoneyBook.com

• Jean's classic episode

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

3 Student Loan Tips

• What an Income Driven Repayment plan is and why you should look into applying for this

• The benefits and drawbacks of refinancing student loans

• Taking advantage of PSLF (Public Service Loan Forgiveness)

Episode Links:

The website for David’s book - www.studentloansolutionbook.com

David's book Student Loan Solution

Davids website - www.youngadultmoney.com

Follow David!

Twitter - @DavidCarlson1

Instagram - @David_Carlson

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Do Spring Break like a Financial Grownup! Amazing tips from guest co-host Lee Huffman, host of the We Travel There podcast which shares the locals perspective on destinations. Lee, who also writes the blog Bald Thoughts, shares 5 tips to save you money and let you focus on the fun.  

5 Spring Break Travel Tips

• Using miles and points to pay for flights and hotel is a no-brainer.

• The best ways to save money on airport parking

• Ways to save money on food while traveling

• Ways to save money on attractions

• How to keep your home safe while you're away

Episode Links:

Lee's free email course 7 Days to Your Dream Vacation

Lee's Websites

www.BaldThoughts.com

www.WeTravelThere.com

Follow Lee!

• Instagram @BaldThoughts

• Twitter @BaldThoughts

• Facebook @BaldThoughts

• Pinterest @BaldThoughts

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Bobbi reveals her favorite new money books of the month, why she loves them and how to know if they are right for you. This month’s picks include The Dumb Things Smart People Do With Their Money. Thirteen Ways to Right Your Financial Wrongs by CBS News Business Analyst and Certified Financial Planner Jill Schlesinger,  Startup Money Made Easy: The Inc. Guide to Every Financial Question About Starting, Running and Grownup Your Business by Inc magazine Editor at Large Maria Aspan and Work Optional: Retire Early the Non-Penny Pinching Way by Our Next Life blogger and podcaster Tanja Hester.

Here are 3 money books that I truly enjoyed

• The Dumb Things Smart People Do with their Money. Thirteen Ways to Right Your Financial Wrongs by CBS News Business Analyst and Certified Financial Planner Jill Schlesinger

  • Jill's Financial Grownup episode

• Startup Money Made Easy: The Inc. Guide to Every Financial Question About Starting, Running and Grownup Your Business by Inc Magazine Editor at Large Maria Aspan

  • Maria's Financial Grownup episode

• Work Optional: Retire Early the Non-Penny Pinching Way by blogger and podcaster Tanja Hester

  • Tanja's Financial Grownup episode

Be sure to listen to the episode to learn if the book is for you!

Episode Links:

• Jill's website - Jill on Money

• Maria's website - Maria Aspan

• Tanja's website - Our Next Life

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.

Ditch the coffee and forget the drinks meeting. Walking is a proven way to bring out the most creative ideas- and make the best connections with the people who can help you succeed. We talk how to set up walking meetings, how to generate ideas while walking, and how to keep walking when the weather foils your plans. 

Here are 5 Ways to Walk Your Way to Success

• Walk alone in silence

• Walk while listening to spoken audio

• Walk while listening to music

• Walk with a friend

• Walk for a business meeting

Episode Links:

• App for library books: Libby

• Nice piece in Readers Digest on the benefits of walking

• Erica Keswin Financial Grownup episode

• The Tim Ferriss Show podcast

• Charles Duhigg The Power of Habit audio book

• Tony Robbins Awaken The Giant Within book

• CNBC story on business leaders walking meetings - The meeting hack loved by CEOs at Google, Facebook and LinkedIn

• Stanford University study - Give Your Ideas Some Legs: The Positive Effect of Walking on Creative Thinking

• Richard Branson’s blog post Why You Should Stand Up In Meetings

Ditch the coffee and forget the drinks meeting. Walking is a proven way to bring out the most creative ideas- and make the best connections with the people who can help you succeed. We talk how to set up walking meetings, how to generate ideas while walking, and how to keep walking when the weather foils your plans. In this Financial Grownup podcast episode you’ll learn 5 different ways to walk your way to success. #SuccessTips #Walking

Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.