Happy Friday! In this week's episode of Future Rich, CFP Barbara Ginty interviews the lovely Lilith! Lilith is 33, lives in New York City, and makes $89,000 annually working in publishing. She recently ended a two-and-a-half-year relationship and is at a big crossroads in her personal and financial life. Lilith and Barb discuss... The financial implications of ending a long-term relationship Adjusting to being single and reevaluating financial goals and plans Prioritizing debt repayment base...
Jun 21, 2024•1 hr 2 min•Transcript available on Metacast In today's solo episode, we're trying something a little different! CFP Barbara Ginty reviews the key takeaways from our recent podcast episodes with Raquel and Sarah. These episodes are meant to help condense the information from our traditional long-form interview-style episodes into more bite-sized takeaways. Please let us know if you like this format! If you'd like to be an anonymous guest on the podcast and discuss your own personal finances with Barbara, you can apply here . We...
Jun 14, 2024•17 min•Transcript available on Metacast Happy Friday! In today's episode of Future Rich, CFP Barbara Ginty interviews Sarah, a business owner with multiple entities, no debt, and $700,000 in investments. Sarah and Barb discuss... How Sarah owns a house through an LLC How she manages her annual expenses Her retirement goals Why she is not relying on Social Security S-Corp distributions ... and more! Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich Download a...
Jun 07, 2024•49 min•Transcript available on Metacast Happy Friday! Today's episode is part 2 of Raquel's episode from last week. We recommend you listen to that episode before diving into this one! For a refresher, Raquel is 35 years old and lives in New York. She works in the creative world in advertising and social strategy. Raquel recently transitioned from owning her own business to working in-house due to challenges caused by strikes in the industry. She had a sabbatical in 2023 to care for her sick dog, leading to a significant incom...
May 31, 2024•34 min•Transcript available on Metacast Happy Friday! In today's episode of Future Rich, CFP Barbara Ginty interviews the wonderful Raquel! Raquel is 35 years old and lives in New York. She works in the creative world in advertising and social strategy. Raquel recently transitioned from owning her own business to working in-house due to challenges caused by strikes in the industry. She had a sabbatical in 2023 to care for her sick dog, leading to a significant income drop. She just started working at a new company with a rough ann...
May 24, 2024•44 min•Transcript available on Metacast In this solo episode of Future Rich, Certified Financial Planner Barbara Ginty shares her experience planning and budgeting for her most recent vacation to the Arctic Circle and beyond! She talks about... How to set financial goals and prioritize your spending to align with those goals How she finds more flexibility in her budget How she saves on food and beverage expenses while traveling What her savings ratio is and how she landed on that number (it may shock you!) ... and more! Always remembe...
May 17, 2024•25 min•Transcript available on Metacast Happy Friday! In today's episode of Future Rich, CFP Barbara Ginty interviews the wonderful Blair! Blair is 37 years old and lives in Brooklyn, NY. She works in Tech Business Development and just started at a new company with a base pay of $230K annually! In this conversation, Blair asks Barbara for insight on how to make her money make money, aka invest in her workplace retirement plans... and more! Blair and Barb discuss... Ways that Blair can invest the cash she's saved up throughout ...
May 10, 2024•46 min•Transcript available on Metacast Happy Friday! In today's episode of Future Rich, CFP Barbara Ginty interviews the lovely Morgan! Morgan is 39 years old and lives in Seattle. She works in HR for a tech company and makes around $185K per year. In this conversation, Morgan breaks down why, even with her higher salary, no debt, and almost 500K in retirement savings, she still feels like she's not doing enough . Morgan and Barb discuss... The benefits of renting vs. buying in high-cost-of-living areas Diversifying Morgan...
May 03, 2024•59 min•Transcript available on Metacast This week on Future Rich, CFP Barbara Ginty follows up with Kate from episode 72 of the podcast to find out what's changed in her life and finances over the last four years. Kate shares how she has transitioned from being pregnant with her first child to having one toddler and one newborn. They discuss the challenges of parenting and the adjustments that come with each additional child, as well as Kate's career change and her transition to working part-time in her own health and wellness...
Apr 26, 2024•50 min•Transcript available on Metacast In this solo episode, CFP Barbara Ginty discusses IRAs (Individual Retirement Accounts). Barb breaks down... The three different types of IRAs The tax benefits Eligibility criteria for each type. The importance of understanding the requirements and consulting a financial or tax professional before making IRA decisions Leaving reviews on the podcast is the best way to boost us on the podcast platforms and help more listeners get #FutureRich Download a free guide today to help plan your financial ...
Apr 19, 2024•9 min•Transcript available on Metacast Happy Friday! In this episode of Future Rich, CFP Barbara Ginty interviews the lovely Lily! Lily is 28 years old and lives in Los Angeles with her husband. She makes around $109K annually working in advertising. In this conversation, Lily discusses her savings goals and financial plans with Barbara. They cover topics such as saving for an emergency fund, future goals like homeownership, and the benefits of renting versus buying a home. They also discuss the possibility of investing in real estat...
Apr 12, 2024•55 min•Transcript available on Metacast This week on Future Rich, CFP Barbara Ginty chats with the lovely June! June is 39 and lives in Houston, Texas with her husband. She works as a self-employed freelance writer and editor. She started full-time freelancing in 2018 after doing it as a side hustle for 7 years with the goal in mind to achieve the “elusive” six-figure freelance number. Barb and June cover topics such as... Her journey from side hustling to full-time freelancing How she manages money with her husband Student loan debt,...
Apr 05, 2024•56 min•Transcript available on Metacast In this episode of Future Rich, CFP Barbara Ginty interviews Estate Planning and Probate Attorney Jen Gumbel! People tend to overlook estate planning, yet there are one million Americans who are under guardianship or conservatorship, and the sad reality is that these situations can turn into messy financial and legal nightmares when ignored. Barb and Jen discuss... Tips on having a successful Estate Plan The Wendy Williams Documentary Why everyone should do an estate plan regardless of wealth or...
Mar 29, 2024•43 min•Transcript available on Metacast This week on Future Rich, CFP Barbara Ginty follows up with Diaz to find out what's changed in her life and finances since the last time she was on the pod. Diaz is a 28-year-old engineer living in Denver, Colorado. In this episode, Diaz shares her plans for a future wedding and her challenges with budgeting for the event. Barb and Diaz also delve into her income, expenses, and debt, including her mortgage and student loans. They cover topics such as... Negotiating a raise Considering 401k c...
Mar 26, 2024•51 min•Transcript available on Metacast In this week's solo episode, CFP Barbara Ginty discusses the importance of having cohabitation, prenuptial, and postnuptial agreements to protect your finances and why you should be having these conversations in advance when everyone is getting along to prevent future heartache. She covers... Why you should consider hiring an attorney to help navigate financial relationship agreements How to approach having open and honest conversations about financial expectations with your partner The big ...
Mar 15, 2024•25 min•Transcript available on Metacast In this episode, CFP Barbara Ginty interviews construction attorney Summer! Summer is a 29-year-old living in Florida who recently got married. She has joint expenses with her husband and a high income of 160K per year but... has a whopping 175K in Student Loan Debt!! Summer struggles to find a balance between living her life and reaching her savings goals! Barb and Summer discuss... How Summer’s high student loan debt is significantly impacting her monthly cash flow and long-term financial goal...
Mar 08, 2024•52 min•Transcript available on Metacast In this episode, CFP Barbara Ginty interviews Anesthesiologist extraordinaire Christina! Christina is 32 and works in Tennessee. Her base salary is 500K, but she has the potential to earn 700K (or more) per year! Getting to this point in her career was a long journey. Christina has around 248K in federal student loan debt that she plans on tackling. Barb and Christina discuss... Mega Backdoor Roths Different money types In plan conversions Eligibility for deductible IRAs The pro-rata rule Why it...
Mar 01, 2024•54 min•Transcript available on Metacast In this episode, CFP Barbara Ginty interviews the wonderful Anna! Anna is 38 and works in technology sales with a 150K base commission in the San Francisco Bay area. She's married with two young children. Barb and Anna discuss... Childcare expenses in high-cost areas Maxing out 401(k) contributions Potential issues with IRA contributions and conversions, especially when dealing with mixed monies Diversification with stocks Finding a balance between saving for the future and enjoying the pres...
Feb 23, 2024•1 hr 1 min•Transcript available on Metacast This week on Future Rich, CFP Barbara Ginty follows up with Judy from episode 155 of the podcast to find out what's changed in her life and finances over the last two years. Judy is a 38-year-old creative living in Brooklyn, NY. She works full time AND runs a photography side business. Her goal from episode 155 was to become a homeowner, and guess what? She's currently in the process of purchasing her first home!! In this episode, Barbara and Judy discuss... FHAs and closing costs on hom...
Feb 16, 2024•39 min•Transcript available on Metacast In this episode, Barbara Ginty interviews the lovely Sarah! They cover topics such as... Setting financial goals for a home renovation and a ski-themed wedding in France The power of compound interest How Sarah achieved a salary increase through networking and following a successful mentor Whether or not she should prioritize retirement savings Future family planning and the potential for one-income household The psychological challenges of managing a higher salary and the importance of avoiding...
Feb 09, 2024•43 min•Transcript available on Metacast Happy First episode of 2024 and Season 7 of the Future Rich Podcast! Certified Financial Potter Barbara Ginty is joined by podcast producer Potter to discuss... The prevalence of misinformation on personal finance topics found online The importance of disclosures and disclaimers in financial advice and the potential consequences of not providing accurate info The increase in IRS audits and the challenges faced by freelancers during tax season The popularity of Roth IRAs and why Social Security s...
Feb 02, 2024•31 min•Transcript available on Metacast In today's THROWBACK episode, CFP and Future Rich Host Barbara Ginty does a deep dive on ROTH IRAs in our more casual *Wine Wednesday* format 🍷✨💸 Should we bring back our Instagram Live Q&A style episodes like this? If you'd like to be a guest on the pod and get my thoughts on your finances, we're accepting guests for 2024! You can be anywhere in the world! If you're interested, send us an email ( planancialpod@gmail.com ) or give us a shout on social media @futurerichpodca...
Dec 29, 2023•17 min•Transcript available on Metacast In today's THROWBACK episode, CFP and Future Rich Host Barbara Ginty is joined by 25-year-old Napoleon! Napoleon recently moved to New Haven from Denver. She works as a laboratory manager for a biotech company and recently got a huge pay increase! She has super low expenses (all food and entertainment are $300 per month!) and a great mindset when it comes to saving money due to her familial background. She has big goals, including moving across the country, getting an MBA, and investing in p...
Dec 22, 2023•35 min•Transcript available on Metacast In today's THROWBACK episode, CFP and Future Rich Host Barbara Ginty is joined by Morgan, who lives in NYC. Morgan has had a pretty wild few years. Pre-pandemic, she worked as an actress and server. During the pandemic, she started a sales position in the corporate sphere. She is 35 and is at the point in her life where she wants to stop living "hand to mouth." Her major goals are... To pay off her 13K in credit card debt Save enough money to freeze her eggs Ramp up her emergency fun...
Dec 15, 2023•45 min•Transcript available on Metacast Happy Friday! In today's THROWBACK episode I do a deep dive on Social Security. We will have new episodes in January 2024! One of the key components of securing your retirement is through Social Security. There has also been a lot of news lately that Social Security Benefits might run out, which is why I wanted to hop on the pod and give you some insight into this fascinating program. In this episode I discuss... The fascinating history of Social Security How Social Security works The differ...
Dec 08, 2023•17 min•Transcript available on Metacast Happy Friday! Today's THROWBACK episode is with our lovely guest Nora. We will have new episodes in January 2024! Nora is a super humble Software Administrator from Eastern PA. She is only 34 years old, has already paid off her house, and is completely debt-free. In this episode, Barbara and Nora discuss... Long-term financial planning Barbara's suggestions for Nora to get the biggest bang for her buck from a tax standpoint. Sneaking a Roth IRA inside of a 401k Non-retirement savings acc...
Dec 01, 2023•53 min•Transcript available on Metacast In today's SEASON 6 WRAP UP episode, CFP Barbara Ginty is joined by the producer of the Future Rich Pod, Potter to discuss... Future Rich's plans for 2024 High inflation, higher interest rates, and student loans no longer on pause Credit card debt is up over a trillion dollars collectively What to do consumerism is up across the apps We can't thank you all enough for tuning into the podcast every week for six seasons! We appreciate all of your support, this podcast would not happen w...
Nov 24, 2023•22 min•Transcript available on Metacast "If you don't invest in your emotional wealth, it doesn't matter what your earnings are!" In this week's extra special episode, Certified Financial Planner Barbara Ginty interviews financial literacy advocate, author, educator & keynote speaker Manisha Thakor (MBA, CFA, CFP). Manisha has spent 25+ years working in a wide range of roles in the financial services industry – from investing for institutions to advising individuals. She is an ardent financial literacy advocate...
Nov 17, 2023•44 min•Transcript available on Metacast In today's episode, CFP Barbara Ginty interviews the wonderful Kelly! Kelly is 37 years old, lives in Chicago, and works in Marketing for a Food and Beverage company. Kelly is a rockstar saver and has over 500K in her combined savings! She also just purchased a condo! Kelly and Barb discuss... Different mortgage rates and mortgage rate history How to navigate company benefits packages HSA vs FSA Open Enrollment The "seesaw" method of asset planning And so much more! If you’re looking...
Nov 10, 2023•49 min•Transcript available on Metacast In today's episode, CFP Barbara Ginty interviews the wonderful Rose! Rose is 24 years old, lives in Salt Lake City, Utah, and owns her own successful photography business. She has extremely low expenses, high cash flow (gross 120K this year), and a lot of BIG plans! Rose and Barb discuss... Rose's journey that led her to start her small business Real estate and Rose's struggle to get a high mortgage as a small business owner The difference between Sep IRAs and Roth IRAs Credit cards ...
Nov 03, 2023•37 min•Transcript available on Metacast