Marriage Kids and Money: Personal Finance for Families

What do the world’s greatest investors know that the rest of us don’t? In this episode, we sit down with William Green, author of Richer, Wiser, Happier [https://amzn.to/4kkLq2e], to uncover the timeless principles he's learned from interviewing legends like Charlie Munger, Howard Marks, and Bill Miller. Rather than chasing hot tips or quick wins, William reveals how traits like emotional control, simplicity, and avoiding big mistakes can help you build wealth—and a more meaningful life. We discuss the difference between gambling and investing, the wisdom of indexing for most families, and why subtracting noise can lead to clarity and success. Whether you're just starting out or well along your financial journey, this conversation offers valuable takeaways for life and money. If you want to become richer, wiser, happier, this episode with William Green is a must-listen. RESOURCES: * ⁠⁠Sponsors + Partners + Deals [https://www.marriagekidsandmoney.com/sponsors]⁠⁠ * Richer, Wiser, Happier (book): https://amzn.to/4kkLq2e [https://amzn.to/4kkLq2e] (affiliate) Chapters 00:00 – Timeless wisdom and survival in investing 01:00 – Introduction to William Green and his journey 03:30 – The surprising philosophical nature of top investors 06:00 – Learning from failure: The Bill Miller story 08:30 – The power of accepting impermanence (Mujo & Howard Marks) 11:30 – Gambling vs. investing: Lessons from a young William 14:30 – The Buffett playbook and indexing for most families 18:00 – The art of subtraction and simplifying your financial life 22:00 – Defining a rich life: Health, relationships, peace of mind 25:00 – Charlie Munger’s key principle: Invert, always invert 28:30 – How to survive financial storms: Diversify and avoid leverage 32:00 – Dogged incremental progress and being “number one-ish” 36:00 – William’s biggest takeaway from 25 years of interviews 38:00 – Where to find Richer, Wiser, Happier and his podcast MKM RESOURCES: * ⁠⁠MKM Coaching [https://marriagekidsandmoney.com/coaching]⁠⁠: Want 1-on-1 support with your family finance journey? Book a time with me today. * ⁠⁠Coast FIRE Calculator [https://marriagekidsandmoney.com/calculators/coast-fire/]⁠⁠: A free calculator to help you find out when you can slow down or stop investing for retirement. * ⁠⁠Mortgage Payoff Calculator [https://marriagekidsandmoney.com/calculators/mortgage-payoff/]⁠⁠: A free calculator to help you see how fast you can become mortgage free. * ⁠⁠YouTube [https://www.youtube.com/marriagekidsandmoney]⁠⁠: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): * ⁠⁠Monarch Money⁠⁠ [https://marriagekidsandmoney.com/monarchmoney] - Best Budget App for Families & Couples * ⁠⁠Empower⁠⁠ [https://marriagekidsandmoney.com/empower] - Free Portfolio Tracker * ⁠⁠Crew [https://marriagekidsandmoney.com/crew]⁠⁠ - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link * ⁠⁠Ethos [https://marriagekidsandmoney.com/ethos]⁠⁠ - Affordable Term Life Insurance * ⁠⁠Trust & Will⁠ [https://marriagekidsandmoney.com/trustandwill] ⁠- Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: * This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. * Opinions are the creators alone. * Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. * Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: * Podcast Artwork: Kayli Johnson * Editor: Johnny Sohl * Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

In this two-part episode, we’re diving into strategies for building wealth as a modern parent. First, Kelly Palmer—a financial planner and founder of The Wealthy Parent—joins the show to break down how to choose a 529 plan. She shares the pros and cons of different education savings options, the impact of the new SECURE Act updates, and why she’s a proud 529 mom herself. If you’ve been feeling overwhelmed by college savings decisions, this segment is full of clear, practical guidance. Then, in our Net Worth Win segment, Shang Saavedra from Save My Cents reveals how she and her husband built a net worth north of $2 million by age 39. From a revenge-of-the-nerd money mindset to embracing FIRE, Shang’s story is packed with lessons on frugal living, dual-income saving strategies, and long-term thinking. Whether you're focused on education planning or financial independence, this episode delivers actionable tips and real-life inspiration. EPISODE RESOURCES Nectarine (Advice Only Financial Planners): ⁠https://marriagekidsandmoney.com/nectarine [https://marriagekidsandmoney.com/nectarine] (affiliate) The Wealthy Parent: https://thewealthyparent.com [https://thewealthyparent.com]  ⁠ [https://youtube.com/@BiesingerFIREJourney] Wealth is a Mindset (Book): https://amzn.to/3FQT0nh [https://amzn.to/3FQT0nh] (affiliate) Save My Cents (Shang Saavedra's Website): https://savemycents.com/ [https://savemycents.com/] CHAPTERS 00:00 – Introduction 01:00 – How to Choose a 529 Plan 05:20 – Tax Benefits and State-Specific Rules 09:00 – SECURE Act Updates and New Roth IRA Rollovers 13:45 – 529s vs UTMAs and Roth IRAs for Kids 18:00 – Final Thoughts from Kelly Palmer 20:30 – Net Worth Win: Shang Saavedra 24:15 – The Mindset Shift Behind Wealth Building 29:30 – Living on One Income and Saving the Other 33:00 – Renting by Choice and Real Estate Insights 36:00 – Teaching Generational Wealth Through Habits 38:30 – Future Goals and Advice for Parents MKM RESOURCES: * ⁠MKM Coaching [https://marriagekidsandmoney.com/coaching]⁠: Want 1-on-1 support with your family finance journey? Book a time with me today. * ⁠Coast FIRE Calculator⁠ [https://marriagekidsandmoney.com/calculators/coast-fire/]: A free calculator to help you find out when you can slow down or stop investing for retirement. * ⁠Mortgage Payoff Calculator [https://marriagekidsandmoney.com/calculators/mortgage-payoff/]⁠: A free calculator to help you see how fast you can become mortgage free. * ⁠YouTube⁠ [https://www.youtube.com/marriagekidsandmoney]: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): * ⁠Monarch Money [https://marriagekidsandmoney.com/monarchmoney]⁠ - Best Budget App for Families & Couples * ⁠Empower [https://marriagekidsandmoney.com/empower]⁠ - Free Portfolio Tracker * Cr⁠ew [https://marriagekidsandmoney.com/crew]⁠ - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link * ⁠Ethos [https://marriagekidsandmoney.com/ethos]⁠ - Affordable Term Life Insurance * ⁠Trust & Will⁠ [https://marriagekidsandmoney.com/trustandwill] - Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone. Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: * Podcast Artwork: Liz Theresa * Editor: Johnny Sohl * Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

In this inspiring Solopreneur Life segment, Andy Hill sits down with Colin Graves—a former bank manager turned full-time freelance writer and editor. Colin shares how a toxic workplace pushed him to reevaluate his career and ultimately build a thriving solo business making over $150,000 per year. Listeners will learn how Colin transitioned from a 9-to-5 job into solopreneurship, the steps he took to scale his business, and how he now enjoys a flexible lifestyle that prioritizes family, freedom, and fulfillment. If you're a parent looking to escape the corporate grind and design a business on your own terms, this episode is packed with insights and encouragement. EPISODE RESOURCES: * ⁠Sponsors + Partners + Deals⁠ [https://www.marriagekidsandmoney.com/sponsors] * Colin Graves (website): https://colingraves.com [https://colingraves.com] MKM RESOURCES: * ⁠MKM Coaching [https://marriagekidsandmoney.com/coaching]:⁠ Want 1-on-1 support with your family finance journey? Book a time with me today. * ⁠Coast FIRE Calculator [https://marriagekidsandmoney.com/calculators/coast-fire/]⁠: A free calculator to help you find out when you can slow down or stop investing for retirement. * ⁠Mortgage Payoff Calculator [https://marriagekidsandmoney.com/calculators/mortgage-payoff/]⁠: A free calculator to help you see how fast you can become mortgage free. * ⁠YouTube⁠ [https://www.youtube.com/marriagekidsandmoney]: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): * ⁠Monarch Money⁠ [https://marriagekidsandmoney.com/monarchmoney] - Best Budget App for Families & Couples * ⁠Empower⁠ [https://marriagekidsandmoney.com/empower] - Free Portfolio Tracker * ⁠Crew ⁠ [https://marriagekidsandmoney.com/crew]- HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link * ⁠Ethos⁠ [https://marriagekidsandmoney.com/ethos] - Affordable Term Life Insurance * ⁠Trust & Will ⁠ [https://marriagekidsandmoney.com/trustandwill]- Convenient Estate Planning CHAPTERS 00:00 – Life after corporate: Embracing flexibility 00:16 – Meet Colin Graves: From bank manager to solopreneur 01:40 – A toxic boss sparked the journey 03:22 – Starting with blogging and side hustles 05:20 – Defining a vision with his wife 06:30 – Turning freelance writing into a real business 08:45 – Putting in the hours and finding "comfortable torture" 10:18 – Landing multiple clients at FinCon 12:45 – Making the leap to full-time solopreneur 14:30 – Life after quitting the 9-to-5 16:30 – How freelance writers earn income 17:25 – Income breakdown: $150K/year as a solopreneur 18:20 – Time management and weekly hours 20:33 – Taking spontaneous family trips 22:00 – What new freelance writers can expect to earn 24:15 – Why $500/month from freelancing is powerful 26:07 – Favorite solopreneur tool: Wise 27:30 – Outsourcing help and using ChatGPT 30:27 – His biggest mistake: Getting too comfortable 32:50 – Life outside work: music, biking, and disc golf 34:23 – Rethinking retirement as a solopreneur 36:29 – How to connect with Colin and get coaching HOW WE MAKE MONEY + DISCLAIMER: * This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. * Opinions are the creators alone. * Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. * Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: * Podcast Artwork: Liz Theresa * Editor: Johnny Sohl * Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Coast FIRE is when you've saved enough for retirement that you no longer need to contribute—just cover your current expenses and coast. But how does it really compare to traditional retirement? We'll break down the pros and cons of both so you can decide which path fits your family's lifestyle and financial goals best. Next, we’re back with our Coast FIRE Family segment. This month, we’re featuring Jason Edwards from Rhode Island. Jason and his wife Amber reached Coast FIRE with $1.2 million invested. He shares how they did it, the role adoption played in their journey, and how they're now focusing on building generational wealth. Lastly, my son Calvin joins me for another “Good Word” segment. With school wrapping up, we're talking about generosity, favorite teachers, and celebrating the good in the world—because sometimes, you just need a little positivity. Resources Mentioned: * Coast FIRE Calculator Crunch your numbers and find out how close you are to achieving Coast FIRE: 👉 marriagekidsandmoney.com/calculators/coast-fire [marriagekidsandmoney.com/calculators/coast-fire%E2%81%A0] * Empower Track your net worth and financial progress for free: 👉 marriagekidsandmoney.com/empower [marriagekidsandmoney.com/empower%E2%81%A0] * Monarch Money Budget and plan your financial goals as a couple: 👉 marriagekidsandmoney.com/monarchmoney [marriagekidsandmoney.com/monarchmoney%E2%81%A0] * Nectarine Financial Get fee-only, fiduciary advice with no product pitches: 👉 marriagekidsandmoney.com/nectarine [https://marriagekidsandmoney.com/nectarine] (or include affiliate link if available) Podcast Chapters: * 00:00 – Introduction: What Retirement Means to You * 01:00 – Segment 1: Coast FIRE vs. Traditional Retirement * 09:00 – Planning Your Retirement: Tools and Tips * 12:50 – Segment 2: Jason Edwards' Coast FIRE Journey * 13:45 – Jason’s Investment Strategy & Net Worth Breakdown * 20:25 – Work, Income, and Family Expenses * 24:00 – Adoption and Raising a Child * 25:50 – Experiences Over Excess: Jason’s Retirement Philosophy * 27:30 – Generational Wealth and Legacy Goals * 29:45 – Advice for Future Coast FIRE Achievers * 30:59 – Segment 3: A Good Word with Calvin Hill * 33:00 – A Story of Student Generosity and Apple’s Support * 34:15 – Celebrating Great Teachers 35:45 – Final Thoughts and Quote of the Day HOW WE MAKE MONEY + DISCLAIMER: * This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. * Opinions are the creators alone. * Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. * Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: * Podcast Artwork: Kayli Johnson * Editor: Johnny Sohl * Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]

Andy Hill welcomes back JL Collins—often dubbed the “Godfather of FI”—to discuss the updated and expanded edition of his bestselling book, The Simple Path to Wealth. Together, they demystify investing, discuss the power of index funds, and share how building FU Money can unlock freedom and solopreneur dreams. JL shares lessons from 50 years of market data and why “set it and forget it” is still the winning strategy. RESOURCES: * ⁠Sponsors + Partners + Deals⁠ [https://www.marriagekidsandmoney.com/sponsors] * The Simple Path to Wealth (book): ⁠https://amzn.to/3ZBDGS2 [https://amzn.to/3ZBDGS2] (affiliate) Chapters 00:00 – The Simplest Investing Advice You’ll Ever Hear 00:36 – Why So Few People Invest in the Stock Market 01:53 – Why Investing Feels So Complicated (Thanks, Wall Street) 03:06 – Index Funds 101: Why They Work 04:57 – How Index Funds Are Self-Cleansing 06:10 – Avoiding Analysis Paralysis: Stick to One Fund 08:17 – Do You Need to Switch Brokerages for Better Funds? 09:30 – Should You Add International Stocks? JL’s Take 12:02 – Set It and Forget It: The Power of Automation 15:42 – The “Tweaky Path” vs. The Simple Path 16:16 – Filtering Out Financial Fear in the Media 20:22 – Investing: A Psychological Game 22:45 – 50 Years of Market Returns: What the Data Really Says 27:48 – FU Money: Your Runway to Solopreneurship and Freedom 29:42 – Buying Freedom vs. Buying Stuff 31:47 – Is This Time Really Different? (Spoiler: It’s Not) 33:46 – Planning for Black Swans? Or Betting on the 99%? 35:25 – How to Get Started Today: One Simple Step 36:48 – Where to Find the Updated Book and More Resources MKM RESOURCES: * ⁠MKM Coaching [https://marriagekidsandmoney.com/coaching]⁠: Want 1-on-1 support with your family finance journey? Book a time with me today. * ⁠Coast FIRE Calculator [https://marriagekidsandmoney.com/calculators/coast-fire/]⁠: A free calculator to help you find out when you can slow down or stop investing for retirement. * ⁠Mortgage Payoff Calculator [https://marriagekidsandmoney.com/calculators/mortgage-payoff/]⁠: A free calculator to help you see how fast you can become mortgage free. * ⁠YouTube [https://www.youtube.com/marriagekidsandmoney]⁠: Subscribe for free to watch videos of these episodes and interviews. RECOMMENDED RESOURCES (SPONSORS AND AFFILIATES): * ⁠Monarch Money⁠ [https://marriagekidsandmoney.com/monarchmoney] - Best Budget App for Families & Couples * ⁠Empower⁠ [https://marriagekidsandmoney.com/empower] - Free Portfolio Tracker * ⁠Crew [https://marriagekidsandmoney.com/crew]⁠ - HYSA Banking Built for Families - Get an Extra 0.5% APY with my partner link * ⁠Ethos [https://marriagekidsandmoney.com/ethos]⁠ - Affordable Term Life Insurance * ⁠Trust & Will [https://marriagekidsandmoney.com/trustandwill] ⁠- Convenient Estate Planning HOW WE MAKE MONEY + DISCLAIMER: * This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. * Opinions are the creators alone. * Information shared on this podcast is for entertainment purposes only and should not be considered as professional advice. * Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS: * Podcast Artwork: Kayli Johnson * Editor: Johnny Sohl * Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]