In this podcast episode, we delve into the complexities of the student loan debt crisis, focusing on the disproportionate impact it has on certain groups. Student loan debt is a significant financial burden for many borrowers, particularly women and minorities, who often face challenges in repaying their loans due to factors such as the gender pay gap and systemic inequalities. Women, who hold nearly two-thirds of student loan debt in the U.S., are more likely to borrow larger amounts to finance...
Jun 06, 2024•18 min•Season 2Ep. 13
In today's podcast episode, we're tackling the topic of bad savings habits and how to break them to achieve financial stability. With inflation on the rise and economic uncertainty looming, it's more important than ever to cultivate healthy savings practices. We'll dive into four common bad habits that hinder financial growth and explore practical solutions for overcoming them. First, we'll discuss the importance of setting clear savings goals. Without specific targets, it's easy to lose focus a...
May 30, 2024•15 min•Season 2Ep. 12
Welcome to today's podcast episode where we'll be discussing smart money habits for high schoolers. Financial literacy is crucial, especially at a young age, and in this episode, we'll cover important topics such as student loans, mortgage debt, building credit, and creative wealth-building opportunities for teenagers. We'll start by examining the concept of "good debt" and why it's essential to weigh the costs and benefits of taking on student loans or a mortgage. Understanding the long-term im...
May 23, 2024•17 min•Season 2Ep. 11
Welcome to today's episode where we're delving into a topic that affects so many of us: financial anxiety. If you find yourself worrying about money, you're not alone. Financial anxiety is pervasive and can be challenging to navigate. But understanding its root causes is the first step towards managing it effectively. In this episode, we'll explore the diverse reasons behind financial anxiety. From concerns stemming from a lack of assets to the fear of being unprepared for unexpected financial e...
May 16, 2024•24 min•Season 2Ep. 10
Research reveals that 20% of small business loans are declined due to business credit issues. Your business credit holds significant sway when seeking loans, negotiating insurance rates, or collaborating with suppliers. Protecting your business credit is paramount to ensuring smooth operations and sustained growth. Join us as we outline four essential steps to safeguarding your business credit. Learn to understand the factors influencing your business credit scores and discover practical strateg...
Apr 26, 2024•12 min•Season 2Ep. 9
In this episode, we unravel the ultimate test of a business's success: Would someone want to buy your company? We explore the factors that contribute to a business's desirability to potential buyers and delve into the reasons behind their interest. From strong financial performance to brand reputation and market positioning, we dissect the elements that make a business an attractive investment. Join us as we uncover the key indicators of business success and learn how to position your company fo...
Apr 19, 2024•30 min•Season 2Ep. 8
Join us in this episode as we explore the four most significant future trends shaping the financial sector. With money increasingly going digital, traditional payment methods are evolving rapidly. From mobile payment apps to cryptocurrency platforms, we delve into the rise of digital money and its impact on traditional banking systems. Discover how the COVID-19 pandemic accelerated the shift towards contactless payments and explore the broader implications of this digital currency revolution. Ge...
Apr 12, 2024•16 min•Season 2Ep. 7
In this episode, we explore the complexities of managing a business with limited or inconsistent cash flow. Inconsistent cash flow can pose significant challenges for businesses, leading to difficulties in meeting financial obligations and sustaining operations. We delve into the reasons behind uneven cash flow, offering insights into the factors that contribute to this issue. Join us as we discuss strategies and solutions to help businesses navigate through periods of financial uncertainty and ...
Apr 05, 2024•18 min•Season 2Ep. 6
In this episode, we delve into the essential aspects of managing finances when running a small business. You've mastered your trade, but when it comes to financial management, including bookkeeping and budgeting, you may feel out of your depth. Fear not! We explore how to create a budget effectively, ensuring your business thrives financially. Without a solid budget, businesses risk overspending or stalling growth. Tune in for key insights on budgeting and financial planning to propel your busin...
Mar 28, 2024•21 min•Season 2Ep. 5
In todays special episode, we delve into the critical topic of preparing your business for unforeseen challenges. We share their experiences and practical advice on building resilience, from developing comprehensive contingency plans to fostering a culture of adaptability within your team. We discuss the importance of risk assessment, crisis communication, and financial preparedness to ensure that your business is not only equipped to weather storms but emerge stronger on the other side. Whether...
Mar 21, 2024•24 min•Season 2Ep. 4
In this episode, we navigate the often treacherous waters of business and personal finance integration. Join us as we uncover essential strategies to ensure the distinct separation of these two realms, safeguarding your financial stability and business success. Learn about the potential consequences of mingling business and personal funds and gain a deeper understanding of the long-term benefits of maintaining a clear distinction. We discuss the impact on tax compliance, financial reporting, and...
Mar 14, 2024•19 min•Season 2Ep. 3
Whether you're a seasoned entrepreneur or just starting your business journey, this episode serves as a wake-up call to the undeniable truth: proper bookkeeping isn't just about compliance; it's a strategic business decision that can make or break your enterprise. Don't let your business become a cautionary tale. Discover practical tips and preventive measures to safeguard your business against the pitfalls of inadequate bookkeeping. Listen in where I share experiences, lessons learned, and expe...
Mar 07, 2024•16 min•Season 2Ep. 2
In today's episode of The Modern Savvy CPA, we're diving deep into the financial backbone of every successful enterprise – bookkeeping. Join us for an insightful exploration of why meticulous financial record-keeping is not just a necessity but a strategic cornerstone for businesses of all sizes. Our expert guest vicky breaks down the pivotal role that bookkeeping plays in steering the ship of entrepreneurship. From maintaining accurate financial records to fostering transparency and compliance,...
Mar 01, 2024•26 min•Season 2Ep. 1
No matter what you want to do, you'll need money to afford your chosen lifestyle in the future. And you won't be able to work to earn an income forever. By choice or by circumstance, you will eventually need another way to pay for your needs other than your own work. This means we must recognize the necessity of saving money and investing. There's no disputing that. The question is how.You're better off sticking with a decent strategy that works over time than constantly hopping from one thing t...
Dec 19, 2023•15 min•Season 1Ep. 37
One of people’s biggest mistakes when paying off debt is not creating a budget, having High-interest debt, Making only minimum payments when trying to pay off debt and more. In todays episode we will be going over the 10 Common missteps People Make Trying To Pay Off Debt and how we can fix those mistakes!
Dec 12, 2023•13 min•Season 1Ep. 36
Because of a lack of prep, many times people are forced to rack up credit card debt to pay for the expense or get tons of late notices with extra fees thus essentially getting stuck with more and more bills, costing you a chance to stack that money away. I know it can be tough out there. Stagnant wages, climbing student debt, job loss, etc. Everyone has a unique situation, but many also would be better financially off if they did this one thing. Do you know what it is? Live Below Your Means....
Dec 05, 2023•17 min•Season 1Ep. 35
Having a budget or having control of you money does not necessarily mean we should constantly looking for saving every single penny and overlooking the bigger money picture. While being frugal is an admirable trait, being cheap and making cheap choices that might seem smart in the short term will cost more in the long-term regarding money, your time, and your quality of life. Let’s put minding your money with frugal habits into smart frugal habits, NOT being penny wise but dollar foolish!...
Nov 28, 2023•14 min•Season 1Ep. 34
Most Americans are in bad shape if some expensive issue comes up. Because of a lack of preparation, many times people are forced to rack up credit card debt to pay for the expense or get stuck with late and extra fees Before we start to analyze and effectively answer the question, I just want to say, I know it can be tough out there. Stagnant wages, climbing student debt, job loss, etc. Everyone has a unique situation, but many also would be better financially off if they would just Live Below Y...
Nov 21, 2023•15 min•Season 1Ep. 33
Well times changes, some of these thrift tips may have not only become outdated but potentially damaging to our budgets. Buckle up as we explore 18 such frugal tips that have overstayed their welcome in our money-saving strategies. In Todays Episode we go over, Dangers of The Black Friday Phenomenon, Cash versus Credit: The Outdated Dilemma, The Hidden Pitfalls of DIY Repairs and more!
Nov 14, 2023•18 min•Season 1Ep. 32
Typically, people in the middle class have some kind of college education, some disposable income, and may even be planning for retiremen t . But that doesn’t mean they’re financially stable. In fact these households usually have some kind of debt — like a mortgage, auto loan or credit cards — that they need to pay off. Along with this, these individuals are also still subject to many common financial pitfalls, or money traps, that keep them from achieving true wealth. If you’re in the middle cl...
Nov 07, 2023•18 min•Season 1Ep. 31
In this episode we will be going into the Top Bad Money Habits Small Businesses Have and the biggest challenges in their business!
Oct 31, 2023•34 min•Season 1Ep. 30
Lies We Tell Ourselves About Our Money!
Oct 24, 2023•25 min•Season 1Ep. 29
Smart Money Habits #10 The Emotions We Give Money
Oct 03, 2023•30 min•Season 1Ep. 28
Smart Money Habits #9 Understanding Net Worth & Legacy Planning PT2
Sep 26, 2023•28 min•Season 1Ep. 27
Smart Money Habits #9 Understanding Net Worth & Legacy Planning PT1
Sep 19, 2023•20 min•Season 1Ep. 26
Smart Money Habits #8 Let's Talk Taxes
Sep 12, 2023•29 min•Season 1Ep. 24
Smart Money Habits #7 Let's Talk the Importance of Credit PT2
Sep 05, 2023•33 min•Season 1Ep. 23
Smart Money Habits #6 Let's Talk the Importance of Credit
Aug 29, 2023•18 min•Season 1Ep. 22
Smart Money Habits #6 Let Talk About Debt and Mortgages
Aug 22, 2023•24 min•Season 1Ep. 21
Smart Money Habits #5 Let Talk About Investing PT2
Aug 15, 2023•30 min•Season 1Ep. 20
