Financial Planning for Young Adults

Action Item: Open a high-yield savings account this week and transfer your emergency fund into it, or get started with just $100 today to build momentum.

Summary:

In this episode, I break down everything you need to know about emergency funds without the overwhelming advice that leaves you paralyzed. I share why 54% of Americans don't have enough saved for three months of expenses and how you can break out of that statistic start...

Action Item: Start tracking one financial ratio right now. Choose one from the list below, write it down in a note or spreadsheet, and begin monitoring it regularly to see your progress over time.

Summary

In this episode, I break down the seven essential financial ratios that act as your personal financial report card. I explain how tracking these numbers can help you finally know if you're making real progress or just spinning y...

Action Item: Subscribe to Financial Planning for Young Adults and tune in every week

In this trailer, I introduce Financial Planning for Young Adults and explain why I created this podcast specifically for our generation. I share my background as a future CFP and financial planner who's actually lived through the challenges we face, including student loans, inflation, conflicting advice, and all the rest. I break down what the s...

Action Item: Make a decision on that financial hurdle you've been avoiding. Use what you learned today and make a decision. Progress beats perfection

Summary:

In this episode, I break down the mental and behavioral hurdles we all face with money, specifically the paralysis that comes from having multiple good financial choices. I walk through the psychology behind debt decisions, why budgeting feels restrictive, and how to overco...

Action Item: Review your Christmas spending or charitable giving from this year and figure out a plan to make it easier on yourself next year. Set up either a sinking fund for Christmas spending or a donor-advised fund for charitable giving (bonus points if you do both!).

Summary:

In this episode, I break down how to build generosity into your financial plan beyond just the holiday season. I share how my wife Rebecca and I use sinkin...

Action Item: Open an account with Fidelity or Vanguard this week and start investing in index funds like VTI and VXUS.

Summary

In this episode, I share my own journey of almost falling into the day trading trap and explain why trading feels so much like gambling, while true long-term investing doesn't have to be. I walk through eye-opening research showing that 80% of day traders fail within a year and 72% end up losing money, wi...

Action Item: Open up your 401(k) account and confirm you're getting the full employer match. If you're not, adjust your contribution this week to capture that free money.

Summary

In this episode, I tackle the question most financial experts won't touch: Is it ever okay to pause your retirement contributions? I share how my wife and I partially paused our contributions to save for our adoption, and why we made sure it was ...

Action Item: Open a note or document on your phone and write down three upcoming life changes in the next 2-5 years. For each one, write down one specific way you can adjust your budget or savings if it happens sooner than expected.

Summary

In this episode, I share the big news that my wife and I are adopting and how this completely changed our financial plan. I walk through how we had to temporarily pause maxing out our IRAs to save...

Action Item: Review your tax situation and see which strategy you can implement before filing your taxes this year. If you're sitting on investment gains, check if you qualify for 0% capital gains harvesting.

Summary

In this episode, I break down the tax strategies that nobody taught us in school but that can save you hundreds or even thousands of dollars. I share how my wife and I legally paid 0% taxes on our investment gains us...

Action Item: Start tracking your food waste and implement a basic meal planning system to reclaim up to $2,000 per year in grocery savings.

Summary:

In this episode, I tackle the hidden money leak most young adults ignore: food waste. I share how I discovered I was throwing away my "bulk savings" on unused food when I kept finding moldy pizza sauce in my fridge. Through research, I reveal that the average American house...

Action Item: Take a few minutes to write down how different money sources (cash, tax refunds, gifts) make you feel, and identify where you might be mentally accounting money differently.

Summary:

In this episode, I tackle the dangerous game of mental accounting! How we treat money differently based on its source, even though all money is fungible. I share my personal struggle with my wife about whether to use savings or income for va...

Action Item: Set up a simple tracking system to save your medical receipts digitally and begin paying medical expenses from your personal accounts instead of your HSA.

In this episode, I reveal how the HSA can function as more than just a medical spending account. It's actually a powerful wealth-building tool. I walk through exactly how my wife and I have grown our HSA by $2,900 through investing, allowing us to pay for her ...

Action Item: Set up a sinking fund this week for your next big expense (vacation, car repair, holiday gifts) to start enjoying guilt-free spending.

Summary:

In this episode, I share how sinking funds revolutionized my financial life by allowing my wife and I to enjoy our Hawaii vacation completely guilt-free. I explain why traditional "spend less than you make" advice from our parents falls short for our generation's co...

Action Item: Schedule a time this week to review your beneficiary designations on all your financial accounts.

Summary:

In this episode, I break down why estate planning doesn't have to be complicated or expensive for young adults. I explain how my wife and I discovered that we didn't even need a will at this stage of our lives. Instead, we could handle most of our estate planning through simple beneficiary designations. I wa...

Action Item: Write down your answer to “Why is money important to you?” for your money decisions this week, then use it to guide one financial choice.

Summary

In this episode, I break down how to build a simple and effective financial plan in your 20s. I explain that financial planning doesn't have to be complex or expensive. It's about creating a roadmap that aligns with your personal "why" for money. I share my ex...

Action Item: Talk with a friend, family member, or spouse about the emotional weight of debt

Summary:

In this episode, I share the emotional story of making my wife cry during what I thought was a simple discussion about her student loans. What started as a spreadsheet-driven approach to paying off $58,000 in PA school debt revealed a deeper emotional connection between student loans and personal freedom. I walk through our journey f...

Action Item: Take 15 minutes this week to reflect on George Kinder's three questions and write down your true financial "why."

Summary

In this episode, we explore how to discover your financial "why" - the deeper purpose behind your money decisions. We discuss Simon Sinek's Start With Why methodology applied to personal finances, break down the four money scripts identified by Dr. Brad Klontz that may be s...