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Beyond Finances provides motivated professionals with young families with new ideas and perspectives on how to use money and strategic financial planning to get more of what you want from life. Each episode features real, direct, and nuanced conversations about the challenge of planning for the long-term - while we live in the here and now. The podcast seeks to go beyond basic financial advice, rules of thumb, and spreadsheet math to help listeners think more deeply and clearly about how to ...
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How Kids Change You - and Your Financial Plan
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How kids change you can be delightfully surprising. But they'll change your financial plan, too, in ways that might be challenging if you don't know how to adjust. In what is probably news to no one, things change when you have kids. You know your responsibilities will shift. Your schedule will probably get upended. The smaller your children are, t…
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Money Tips from a Boston Financial Planner: Your Questions, Answered
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You asked - now we answer your specific financial questions and try to provide clarity on some money situations that lots of folks tend to find themselves in. We share our insights on: What to do with your money once you pay off debt, max out your retirement accounts, and aren't sure what to prioritize next How to think through a decision like inve…
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Protecting Family Wealth: How to Safeguard Your Assets and Your Stuff
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In the last episode of our 3-part series on strategic planning for your finances is all about protecting family wealth. If you're working hard to build assets, you need to protect that growing net worth - and part of that is making sure you and your family will be financially stable no matter what curveballs you may face along the way. Instead of j…
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Strategic Planning, Part II: Investment Management
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Welcome back to our series on strategic planning for your personal finances. Today's episode is part II, and we're covering all things investment management. We'll talk through what you need to do to put together a sound investment strategy for yourself, and the to-dos any investment manager should take (whether that's you as a DIYer, or an advisor…
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Using a Strategic Planning Process for Your Finances (Pt I)
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You've heard the term "financial plan" or "financial planning" a million times. But what does it actually look like to go through that process? Today we're sharing how we construct strategic plans for personal finances. We'll take you to the inner workings of the framework and systems we use at Beyond Your Hammock to help people use their money as …
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How to Better Manage Bonus Money and Other Lump Sum Payments
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Do you earn bonuses, commissions, grants of equity comp, or other types of variable income? Then you better know not just how to manage it, but also how to optimize these lump sum cash inflows to help you achieve your goals and grow your wealth. In this episode, we'll explain how to do it. Join us as we discuss: What counts as "variable income," or…
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Should the SECURE 2.0 Act Change Your Financial Plan?
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New rules and regulations pushed forward by the SECURE 2.0 Act might impact how your manage your money right now, and into the future. Here's what you need to know. The SECURE 2.0 Act is a 1.7 trillion dollar spending bill passed by Congress in 2022. This legislation's scope went far beyond "let's adjust how retirement plans work," but the details …
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Managing Money Together: How to Handle Finances in Your Relationship
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Money and marriage is a serious topic, if only because getting it wrong can lead to devastating results: 48% of people report fighting about money; 60% of those fights tend to be about spending. 41% of Gen Xers and 29% of baby boomers surveyed by TD Ameritrade report that money was a direct cause of a divorce, and some research shows that disagreme…
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In this episode, we're sharing our 4-step framework to help you hone in on a savings rate that's right for you. If you ask 10 different people how much you need to save per year to set yourself up for a secure financial future, you will probably get at least 15 different answers. It's confusing! And even if you go with the most common answer to "ho…
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The Best Short-Term Investments: What to Know (and What to Avoid)
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It's your money, and you need it now! In this episode, we discuss the best short-term investments when you want to earn a return from your cash - without exposing it to a risk of loss. We cover: How current events may drive people to make bad investment decisions Why you have to start the short-term investment convo with an understanding of risk an…
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The Only Constant Variable in Finance (and Life)
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The only constant variable that you can truly rely on is change. This is what makes financial planning so hard. An actual plan that you put down on paper is outdated before the ink is even dry, because every single piece of new information will throw your charts and your projections and your linear action steps out of whack. Plus, there's no one va…
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Lessons from Tech Industry Failures: How to Avoid Implosions in Your Own Personal Finances
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Massive layoffs at Facebook and Amazon. Stumbles at Google and Lyft. A shaky year in the stock market for the tech giants - all capped off by a tremendously spectacular blowup at crypto platform FTX. The idea that "current success is the biggest indicator of an upcoming failure" seems especially resonate these days amid headline after headline abou…
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How to Pay Less Taxes: 5 Strategies to Reduce Your Tax Burden
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Want to pay less in taxes? Who doesn't! In this episode of the show, we're talking through 5 ways that you can significantly reduce your tax exposure, and therefore save money by not sending so much of it off to the IRS. Today, we're discussing strategies to: 1. Create liquidity from investments without triggering taxable events 2. Grow tax-free we…
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It might sound a bit odd coming from the finance pros, but it's true: it's irresponsible to use math alone to build a financial plan. That's because money isn't a math problem. Too often we think we can just plug numbers into a formula and rely on the answer that it generates, but that leaves out a lot of variables that often matter more than the b…
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As financial planners, we spend every day working to build foolproof financial plans. A foolproof financial plan is one that you can stick to, that you can execute, consistently over time - even through challenging times or unexpected setbacks. In this episode of the podcast, we're discussing 7 key aspects that we look at when trying to create plan…
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If you don't know how much you can really put into a 401(k), you may be missing out. We shine a light on the 401(k)s facts most people don't know, and uncover opportunities to save more so you can accelerate your progress toward your financial goals. Today on the show, we explain: - The real maximum you can contribute to a 401(k) each year - and it…
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Financial Planning To-Dos for Expecting Parents
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Having a baby or adding more children to the family is a big decision - and there are some major financial implications to this life milestone. On today's episode, we're sharing our own experience of the financial planning considerations we took into account when deciding if we wanted children - and how we financially prepared once we knew we wante…
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Managing Equity Comp: How to Balance the Risks and Rewards
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49: Leveraging equity compensation is one of the potential avenues we previously highlighted for use on the road to building wealth. But to enjoy the rewards, you have to know how to manage the risks along the way. Many industries offer a piece of ownership to company employees through equity compensation packages. If you receive equity, you might …
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48: Lots of people think they're good DIY investors. But they miss a lot of nuance, and make a lot of mistakes. Here's what it really takes to manage investments well. If you invested in the market over the last 10 years… it was easy to win. The markets climbed up and up, with the longest bull market in history running from 2009 to 2020. Even a glo…
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47: Today on the show, we discuss a key strategy in making your money goals easier to achieve, faster. It's all about the FPA framework: focus, prioritize, and act. In this episode, we cover: How to determine if you're making progress... or just looking busy but not actually getting anywhere Where most people go wrong with financial goal-setting (a…
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46: People aren't just born being good with money. They take the time to build good financial habits —and you can, too. What usually makes the difference between someone who seems to manage money well and someone who consistently struggles? It's all about our good financial habits (or lack thereof). Instead of feeling like you have to change who yo…
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Do You Need a Budget If You're Financially Successful?
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45: You earn good income, have enough money to pay pills and contribute to savings, and feel like you made it. Do you REALLY need to keep up with a budget once you're financially secure? Uh, yeah. Because budgeting isn't a bad word. It's a mindfulness exercise for your finances. Although it might feel like budgeting is basic personal finance 101, o…
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44: Do you know what ACTUALLY impacts your credit score? And how much does it really matter anyway if your score drops by a few points? What should you do to raise your score -- and what isn't worth trying at all? In this episode of the show, we bust some very common but total misconceptions around what goes into your credit score and how to mainta…
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43: You don't need a coach, right? You can just train yourself! That's what we tell ourselves a lot of the time. And too often, it's just not true and we sell ourselves short when we fail to recognize the value of coaching. A recent experience with a running coach made Kali realize how important it is to have an expert there to guide you -- and how…
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Want to Build Wealth? Then You Need to Create THESE
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42: Most people assume they just need to earn a high income, and then they'll be wealthy. Unfortunately, building wealth (especially when you're doing it on your own from scratch) is not always so simple. In this episode, we discuss why only focusing on your income as a measure of financial success is a big mistake that most people make. We also ex…
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