Marriage Kids and Money: Personal Finance for Families

• Preparing for a Recession: Our Family’s 5 Step Financial Plan

  A recession may be headed our way. How can we prepare? I'm walking through our family's 5 step financial plan to prepare for a recession. Second, we’re back with our Mortgage Free Family segment! This month we’re featuring Sandra Park from Texas. She’s going to share how she paid off her mortgage in his 40s and how it allowed her more cash flow and the ability to help her son pay for college. Last, we're sharing the Good Word once again. My son Calvin and I are sharing the latest World Happiness Report, how the United States ranks, and how service to others matters. EPISODE RESOURCES: Sponsors + Partners + Deals Sandra Park: https://engineerherpath.com Good Word Story - CNBC: https://www.cnbc.com/2025/03/19/world-happiness-report-2025-finland-is-the-happiest-country.html CHAPTERS 00:00 – Intro 01:50 – Step 1: Shore Up Your Emergency Fund 04:35 – Step 2: Continue Investing According to Your Plan 05:50 – Step 3: Reduce Expenses, Not Your Happiness 11:30 – Step 4: Earn More Without Burning Out 13:55 – Step 5: Be Generous Where It's Needed 16:40 – Mortgage-Free Family: Interview with Sandra Park 17:45 – Sandra's Mortgage-Free Journey 20:00 – Budgeting, Downsizing, and Mindset Shifts 29:00 – Post-Mortgage Life and Financial Freedom 32:50 – Generational Wealth and Lessons for the Next Generation 38:00 – Good News Segment with Calvin Hill 46:35 – Shoutout of the Month 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: 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

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• True Wealth Is More Than Money | Dr. Daniel Crosby

  Andy Hill sits down with Dr. Daniel Crosby—renowned psychologist, behavioral finance expert, and author of Soul of Wealth—to explore the true meaning of wealth beyond money. Dr. Crosby breaks down why financial success alone won’t bring happiness and how our beliefs, relationships, and personal growth play a crucial role in our well-being. He shares fascinating insights on why some of the wealthiest people still feel unfulfilled, the psychological traps we fall into when chasing money, and practical ways to balance financial goals with a meaningful life. If you’re striving for financial success but don’t want to lose sight of what truly matters, this conversation is a must-listen. Listen now to redefine your wealth and purpose! #Wealth #DrDanielCrosby #MoneyMindset #FinancialWellness RESOURCES: Sponsors + Partners + Deals The Soul of Wealth (book): https://amzn.to/3FcQh6K (affiliate) EPISODE CHAPTERS: 00:00 – Introduction to the Episode 01:02 – Why Do We Believe Money Will Make Us Happy? 03:01 – How Money Can Buy Happiness (But Only to a Point) 07:07 – Dr. Daniel Crosby’s Personal Struggle with Money vs. Meaning 08:40 – The Five Pillars of Happiness and Where Money Fits In 11:49 – How to Find Balance Between Wealth and Purpose 12:14 – The Three B’s of Meaning: Believing, Belonging, and Becoming 17:41 – Teaching Kids About Wealth and Meaning 20:58 – The Reality of Generational Wealth 24:19 – One Actionable Step to Prioritize Meaning Alongside Wealth 25:08 – Where to Find Dr. Daniel Crosby and Soul of Wealth GUEST BIO - Dr. Daniel Crosby: Dr. Daniel Crosby is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby's first book, Personal Benchmark: Integrating Behavioral Finance and Investment Management, was a New York Times bestseller. His second book, The Laws of Wealth, was named the best investment book of 2017 by the Axiom Business Book Awards and has been translated into 14 languages. His third book, The Behavioral Investor, was Axiom's best investment book of 2019 and is a comprehensive look at the neurology, physiology and psychology of sound financial decision-making. His latest book, The Soul of Wealth, is an exploration of money and meaning. When he's not decoding market psychology, Daniel is a father of 3, a fanatical follower of the St. Louis Cardinals, an explorer of the American South, and an amateur hot sauce chef. 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: 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

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• Retirement Is Now Easier - Bye 4% Rule, Hello 5% Rule | Bill Bengen

  Can you really retire comfortably with a 5% withdrawal rate? Financial researcher and author Bill Bengen—the creator of the legendary 4% rule—joins us to share why his latest research shows that 5% is the new 4%. In this interview, Bill explains how his thinking has evolved, what today’s retirees should know, and how you can plan smarter for a fulfilling, financially free retirement. RESOURCES: Sponsors + Partners + Deals A Richer Retirement (book): https://amzn.to/4iWzaVJ (affiliate) CHAPTERS 00:00 – Intro – Bill Bengen 01:53 – What is the 4% rule? 04:01 – The rise of the 4% rule 05:17 – Evolving to the 5% rule 06:59 – Over-saving and regret 08:45 – Advice for young savers 10:31 – Thoughts on the 8% rule 12:34 – Portfolio allocation in retirement 13:55 – Downsides of 3% withdrawal rate 14:28 – Bill's personal withdrawal strategy 15:55 – Natural increase in withdrawal rate 17:38 – How to take your foot off the gas 19:16 – Long-term investing advice 20:35 – New book details 22:22 – Andy’s 3 takeaways from the conversation 26:52 – Credits and closing quote 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: 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 Groves Editor: Johnny Sohl Podcast Support: Nev Maraj Learn more about your ad choices. Visit megaphone.fm/adchoices

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• Reclaim Your Life From Work | Simone Stolzoff (BEST OF MKM)

  In this episode, we sit down with Simone Stolzoff, author of The Good Enough Job, to explore how modern work culture has taken over our identities—and how we can break free. This Best of MKM episode revisits one of our most powerful conversations about redefining success, setting boundaries, and reclaiming our time. If you're looking to escape the hustle mentality and build a more balanced life, this one’s a must-listen! RESOURCES: Sponsors + Partners + Deals CHAPTERS 00:00 – Introduction: More Than Your Job 01:10 – Meet Simone Stolzoff & The Premise of The Good Enough Job 02:20 – Workism and Our Cultural Identity 04:30 – The Historical Shift in Work's Role 06:00 – The Risks of Overidentifying with Work 08:20 – Story of Kay He: The Wall Street Banker Burnout 11:00 – Simone’s Personal Journey with Career Identity 13:40 – What Makes a Job 'Good Enough'? 15:40 – Identity Diversification: The Key to Resilience 18:30 – Practical Advice to Reclaim Life from Work 20:45 – Where to Find Simone & The Good Enough Job 21:15 – Closing Thoughts & Dalai Lama Quote 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: 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

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• Thriving Financially After Divorce: Kathryn Hanna and Chris Luger (BEST OF MKM)

  In this Best of MKM episode, Andy Hill shares inspiring conversations with Kathryn Hanna and Chris Luger, two individuals who found financial freedom after divorce. Kathryn achieved Coast FIRE in her late 30s, while Chris became a mortgage-free millionaire. They discuss navigating finances post-divorce, aligning money with personal values, and building a brighter financial future. Whether you're rebuilding or planning ahead, this episode offers real stories and practical advice for thriving financially after a major life change like divorce. RESOURCES: Sponsors + Partners + Deals CHAPTERS 00:00 – Intro 02:20 – Kathryn Hanna Coast FIRE FIve 05:00 – How She Got Started 07:40 – Divorce & Coast Fire 09:00 – Investing Strategy 11:30 – Flexibility After Divorce 13:30 – Financial Independence in Marriage 14:50 – Single Mom Budgeting 16:45 – What’s Next 18:30 – One Step to Start 21:00 – Connect with Kathryn 22:25 – Chris Luger Introduction 23:00 – Mortgage-Free Three 24:15 – Why Go Mortgage-Free 26:30 – Divorce Sparked Change 30:00 – Real Estate Growth 32:15 – Retirement Contributions 34:00 – Is Paying Off Smart? 36:30 – Step One: Track Spending 38:00 – Connect with Chris 39:00 – Final Thoughts 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: 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

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