Samme from Chicago recently became debt free. She and her husband now have extra money. Should they pay off their mortgage, save or invest? Andy shares his thoughts.
Andy also interviews Brittany Flammer, a financial coach, YouTuber, and mom of five, who has grown her family’s net worth to over $850,000 by age 39—despite a modest household income.
👩👧👦 Brittany shares:
How she and her husband prioritized financial freedom over flashy spending
The smart money habits that helped them grow their net worth on an average of $40K/year
How they're raising financially capable kids without fully funding college
Why giving, budgeting, and intentionality have been cornerstones of their success
Their roadmap to becoming millionaires soon
Last but not least, Andy's son Calvin Hill joins for a Money Quiz. They are covering school coming to a close, net worth topics and enjoying summer.
EPISODE RESOURCES:
Sponsors + Partners + Deals
Brittany Flammer (website): https://brittanyflammer.com/
CHAPTERS
00:00 – Use Your Money According to Your Values00:25 – Welcome & Today’s Three-Part Show Outline01:00 – Listener Question: Mortgage vs. Saving vs. Investing02:24 – Sam’s Voicemail: Conflicted About Mortgage Strategy03:20 – Breaking Down the 3 Options: Save, Invest, or Pay Off Mortgage05:45 – How Much Emergency Savings is Enough?07:30 – Coast FIRE Explained & Retirement Account Strategy09:50 – When and Why to Pay Off Your Mortgage11:30 – Step-by-Step Financial Independence Roadmap12:38 – Net Worth Win Segment: Brittany Flammer Interview13:40 – Brittany’s Motivation: Security & Freedom15:00 – Building Wealth on a Modest Income16:45 – Saving, Budgeting, and Investing from the Start18:30 – Net Worth Breakdown: Cash, Investments, and Home Equity20:15 – Reaching $858K Net Worth and Nearing $1M21:00 – Generational Wealth: Teaching Kids About Money24:45 – Budgeting, Saving, and College Planning with 5 Kids27:00 – Teaching Generosity and the Habit of Giving29:45 – Advice for Others: Just Get Started30:59 – Where to Connect with Brittany Flammer31:40 – Money Quiz Segment with Calvin34:50 – Calvin's Money Lessons and Omnifix Cubes35:35 – What Is Net Worth? Calvin’s $11K at Age 1137:40 – How Many Days Are in Summer Vacation?38:20 – Final Quote & Show Wrap-Up
MKM RESOURCES:
MKM Coaching: Want 1-on-1 support with your family finance journey? Book a time with me today.
Make My Kid a Millionaire Course: Want to build generational wealth and happiness for your kid? Learn more about my course!
Coast FIRE Calculator: A free calculator to help you find out when you can slow down or stop investing for retirement.
Mortgage Payoff Calculator: A free calculator to help you see how fast you can become mortgage free.
YouTube: Subscribe for free to watch videos of these episodes and interviews.
RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES):
Monarch Money - Best Budget App for Families & Couples
Empower - Free Portfolio Tracker
Crew - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link
Ethos - Affordable Term Life Insurance
Trust & Will - Convenient Estate Planning
HOW WE MAKE MONEY + DISCLAIMER:
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Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice.
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CREDITS:
Podcast Artwork: Liz Theresa
Editor: Johnny Sohl
Podcast Support: Nev Maraj
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