This Week's Money Talking Points
1: What’s the biggest money question on your mind?
We all have that one money question that just won’t leave our brains. Right now, I'm figuring out how to handle what I think might be an over-contribution to my Roth IRA for 2024. Yep, even the “money guy” makes mistakes! It’s a little nerve-racking because it could mean penalties and a tangle of tax forms. But here’s the thing, I share this because we all have those moments where we’re unsure, and that’s okay. Your question might be about paying off debt, saving for a house, or figuring out how to start investing. Whatever it is, naming that question is the first step to tackling it.
Once you know the question, you can start taking small steps toward an answer. Write it down. Do a little research. Or, better yet, ask someone you trust, like a money buddy, to talk it through. That’s actually why I love doing this podcast and newsletter, because your questions spark these conversations. So, hit reply and let me know: what’s the biggest money question on your mind right now? You never know, it might show up in an upcoming episode or help someone else in our community who’s wondering the same thing.
2: How important are money talks?
Money talks are one of the most powerful tools you can use to improve your financial life. They’re not just casual chats; they’re the moments where you uncover new ideas, gain confidence, and even spot problems before they become emergencies. Talking openly about money at work can lead to fair pay conversations. Talking about money at home keeps you and your spouse on the same page. And talking about money with friends can help you discover strategies or hacks you never would have thought of alone.
The truth is, the less we talk about money, the more room there is for doubt and mistakes to pile up. Even just scheduling a 15-minute “money talk” with someone once a month can change the game. For me, my wife and I regularly sit down for our “budget meetings,” and they’re rarely perfect. But those conversations have shaped how we handle our goals and avoid stress. So go make it simple: grab one person you trust, ask one money question, and start talking. Hit reply and tell me, who is the first person you’re going to have a money talk with this week?
3: What do we miss out on when we don’t talk about money?
When we don’t talk about money, we leave so much on the table, literally. We might never learn about tools like IRAs, 401(k)s, or index funds. We might stay stuck in credit card debt because we think carrying a balance helps our credit score (spoiler: it doesn’t!). And we might miss easy opportunities to improve our financial health just because nobody ever mentioned them. Avoiding the conversation doesn’t just keep things quiet; it can cost us thousands of dollars and years of peace of mind.
I’ve seen this in my own life. Before I started this podcast, I thought I had to figure everything out on my own. Once I started talking about money, first with my wife, then with you all, it was like a whole new world opened up. The tips, stories, and even the mistakes we share here save real money and real stress. So, don’t miss out. Share this newsletter with a friend, and ask them this exact question: “What’s one thing you wish you learned about money sooner?” Then, of course, go and have that money talk!
Enjoy your week and get out there and have a money talk!
