
In light of the recent announcement of a debt jubilee on student loans, Emily & Amanda decided it was time to dig into how we think about debt, both individually and as financial advisors. We discuss: Psychological factors that factor into decision-making around debt; Creating a plan to pay off your debt; Examining your behavior to prevent going back into debt; Prioritizing paying off debt vs savings; and Emily & Amanda revisit the money diaries they kept earlier this year to examine their own spending.
In this summer’s hit show “The Bear”, a young chef comes home to Chicago to run his family sandwich shop after a death in the family. The restaurant he inherits is plagued with financial issues, causing unneeded stress on top of an already tense situation. The show provides a great jumping off point for Emily and Amanda to discuss various financial issues that plague all small business owners. Over the past several years, especially in response to Covid’s impacts on our lives, a lot of people have started freelancing or started new businesses. These new opportunities also lead to new financial matters to address in both your personal and work lives.
In lieu of hosting a webinar this quarter, Emily, Amanda, and David recorded a special midyear analysis. They reflect on events in the markets so far this year, as well as how we're thinking looking forward.
Emily & Amanda talk all things bonds interspersed with some "bond" trivia. Highlights include, Why you should care about the bond market, what is a bond and what are the different types, and performance and taxation of bonds.
Emily & Amanda talk about Media stories on how other people spend their money, and whether they are valuable or just click bait, Why you should be wary of your sources of free financial advice, and How keeping a Money Diary might help you reach your savings goals.