The Momentum Advisors Show

As financial advisors, we get a lot of questions… Is the economy heading towards a recession? When will the Fed cut interest rates? What’s happening in the stock market? On this episode, we will answer those questions. But more importantly, we will give YOU a list of questions that you must answer in your OWN financial life. Some of these questions, you can figure out with your financial advisor. But there are other questions that only you can answer.

After a long break, we are back! There has been lots of talk this week about the pay disparity between WNBA players and NBA players. Despite dazzling the country in the NCAA Women’s Basketball Championship, Caitlin Clark will earn less than $80,000 per year, while NBA players will earn more than 200x that amount. While there is a huge pay gap in professional sports, there is also a pay gap in Corporate America – women earn 82 cents on the dollar compared to men, and the figures are even more stark if you consider race. On this episode, we discuss the pay gap, but more importantly, we give tips and strategies on how to close it.

Most people are getting excited about "March Madness" but what we're seeing and hearing about even more is mortgage madness. Reports shows that a lot people are out here refinancing mortgages right now even though they're going to end up with a considerably higher interest rate. On this episode, we talk about all things mortgage including when it is--and is not--a good idea to refinance.

Have you heard the story about the Uber driver who won the lottery and was still driving Uber? Well, we have and we know it firsthand. On this episode we talk about what happens when you actually hit the lottery, the Powerball, the MegaMillion? How much money do you get, when do you get it, who should you know, and how should you be thinking to make this miracle a long-term blessing.

In the past 30 days, Allan and Tiffany have bought 2 cars: one for their business and one for Allan’s family. In times past, Allan was adamant about the "proper" way to buy a vehicle, even though his thoughts were very different from Tiffany's. It turns out, after these two new car purchases, Allan is ready to admit his wrongs. Tune in to this episode to learn all about buying a car in today's climate and how what you thought may be best, may not suit your car buying needs in the end.

What happens when one friends starts making considerably more--or less--than the rest of the friend ground? Do you feel like you have to change your friends as your financial situation changes? Did you get married, get a promotion, get laid off, have a baby, or some other financial milestone, and now you feel left out of the group chat? On this episode we get direct about how a change in someone’s financial situation can have ripple effects throughout their social groups and meaningful friendships.

First, it’s Black History Month and we couldn't be more excited! Second, Byron Allen is in the news this week for offering to buy Paramount Global for $14.3 billion dollars. People may recall that he also attempted to buy BET Media group for $3.3 billion just a few months ago. This reminded us of Allan's hero, super-entrepreneur Reginald F. Lewis, and his book, "Why Should White Guys Have All the Fun?" On this episode we dissect the prominent business moves of Byron Allen and share how you can be even more successful by taking some simple advice from his career story.

Every so often we have to get serious and talk financial markets. What has (really) happened, what is going on right now, and what we think is on the 2024 horizon. On this episode we talk about the ever-elusive recession, declining interest rates, the recall of inflation, and why 2023 was the year of "Wipe Me Down!" (Spoiler Alert: We still aren't serious!)

It’s that time of the year when raises, bonuses, or promotions start to happen and you are on track to make more money in 2024 than you did in 2023. What should you do to make the most of this financial increase? On this episode, we teach you how to ensure this new money--no matter how big or small--lasts longer and goes farther this time around.

Allan’s childhood friend died last week and the family has to do a GoFundMe to cover necessary expenses. On this episode we highlight some of things to do, now, to make sure your family is prepared for when there is an emergency and/or loss of a loved one.

All everyone is talking about is Shannon Sharpe’s interview of Katt Williams on "Club Shay Shay", which racked up over 22 million views in just a few days. Well, we have decided to join in on the conversation. While there may have been some mudslinging and a few tall tales mixed in to the interview, there were even more important notes and advice on business, leadership, and economics. There is a lot we can all learn from Katt Williams and we are going to highlight it all in this episode.

We all know how much Tiffany loves Christmas. Well this year in addition to celebrating Christmas, she will also be celebrating Kwanzaa for the first time. On today's episode, we will talk about how you can celebrate both. Not just for one day but, all year long. We also highlight how both are closely tied to your financial growth for the new year.

What does it take to become wealthy and financially triumphant? This may seem like a really complex question to answer but we know firsthand that it is not. On this episode we share several true stories of triumphant financial success that we see every single day in the Black community. And the underlying theme in each story is how "common" these people's jobs, lives, circumstances, and decision-making was in achieving true wealth and financial freedom. Moral of the episode: the path towards financial triumph is readily available to you right now.

You've almost made it to the end of the year and we're sure you've made some common, innocent mistakes that have cost you financially. Don't feel bad, we all do it. On this episode we are recounting true stories and sharing common life mistakes that eventually cost you big later down the road. Some of these might sound familiar, while others may be a cautionary tale that saves you--and your bank account--a major headache.

So many people have the goal of being rich but do you know what dollar amount defines if you are rich or not? Do you know how to actually become rich? Do you know the difference between rich and wealthy? On this episode we help you determine if you are rich or not. We also talk you through what it means to be rich and how to get there if you're not on your way already.

As we move through Thanksgiving and officially into the holiday season, we break away from our traditional content to discuss how thankful we are for all that we have and all there is to come. On this episode, Allan and Tiffany reflect on what being thankful really means to them, what they are truly grateful for, and the miracles they want you to start expecting for your life today. This episode is sure to move and/or motivate you to keep going.

Are you newly in love and/or ready to move-in with your partner? Are you at the beginning of a serious relationship and you want to take it to the next level? Well that means it's time to talk about money and (potential) joint wealth building. On this episode, we highlight what it means for your wealth when you move-in together or decide to get married. We also go through some tactics you should start to implement to make sure your combined wealth building relationship starts off on the right foot.

It's easy to get excited when you get a pay raise, receive an inheritance, win a prize, get great returns on an invest, or even "make a little extra money on the side." But did you know, that ain't all your money? On this episode we talk about how taxes impacts every single dollar that you touch—whether you earned it or it was given to you. We break down each tax bracket, tax deductions vs tax credits, and tell you how to really understand how much is actually yours to spend.

You may not want to hear it but the end of the year is approaching. Which depending on your situation could include: figuring our whose cooking for Thanksgiving, holiday gift shopping, and "cuffing season." While one or more of those scenarios may be on your list we have a few financial checklist items that we need you to cross off before the year closes out. This episode highlights how to get your financial affairs in order by the end of 2023 so that there are no surprises in 2024.

When it comes to financial matters, men and women do things very differently. But how differently--and why? While we know that individuals vary widely in their financial behaviors and attitudes, studies have shown that there are some major differences between men and women and how they manage their finances. On this episode, we highlight what those differences are and how we can all learn from them.

When it comes to having a diversified portfolio one of the most common investment vehicles included is bonds. And while bonds are typically considered "safe investments" that doesn't mean they are safe for society, the environment, your gender, your children, or your community. On this episode, we highlight how to have a positive impact with your bond investments and how to ensure your "safe investments" aren't ruining the world around you.

Homecoming for Allan and Tiffany looked very different this year as their alma mater experienced a violent shooting on campus and therefore all Homecoming festivities were cancelled for the first time in over 100 years. This episode talks about what was NOT cancelled! Including the opening of our new business on Morgan State University's campus and all the trials and hiccups that tried to prevent us from remaining #MorganStrong. This is a very special episode and we hope you take a listen.

So is the U.S. dollar going to zero or not? Are the BRICS conspiring against our currency? Is the fall of the U.S. financial markets finally upon us? And if so, can Beyoncé save us all? On this episode we answer all of these questions and more as we focus on the value of currency--both global and U.S.--and what you can do to save yourselves.

Artificial Intelligence! Allan’s mom recently asked him if he is using that “A-L” she’s been reading about everywhere. Of course, shemeant A.I. as in Artificial Intelligence. Well the answer is, "Yes!" We're all using it, whether we know it or not but it's a lot more complex and advantageous than you may think. On this episode we talk about where A.I. came from, where it's going, how it's impacting the financial markets, and how you can make money from A.I. starting today.

The Federal Reserve ("Fed") has raised interest rates so many times over the last several months that it's almost impossible to remember when rates were below 4%, just two years ago. However, in the words of Tiffany, “We are here now!” So how do we take advantage of this uniquemoment in time--as savers--while also dealing with it's ramifications, as borrowers and asset owners? Well, the answers are on this podcast episode where we share the joy and pain of high interest rates and how to capitalize in your bank account today.

Do you have a budget? And if so, do you actually follow it? Or are you one of the 53% of Americans that doesn't follow a budget because you don't know how, don't want to, or you feel like you don't make enough money to budget with? If any of these apply to you, I guarantee we can change your thinking. This episode talks about what a budget actually is--and what it is not. We also highlight various budget styles that you may have never heard of that could work best for you.

What happens when your investment doesn't go as planned? Should you throw the whole plan away, was it a faulty investment, or were you the problem? Whatever the case, you're not the only one. Many investors make mistakes--including us! On this episode we talk about the common pitfalls of investing and how to avoid them. We also share which one of our investments that didn't work out that has us going to court this week.

Are you ready to move to a new city or state? Is it time for a change or maybe you're looking for a new career opportunity? You may be looking at a better cost of living or switching up for higher quality of life. Whatever the reason is, there's a right and wrong way to have a financially responsible move. On this episode, we take you through an entire checklist of all things you should consider before, during, and after you move to a new place. We also share tips on how to save money while you're at it.

We missed taping last week's episode because we were having such a good time during our annual trip to Martha's Vineyard. It's a place rich in Black history that's known for being "for us, by us." On this episode we share more on the history, entrepreneurship, and wealth that thrives and is generated on Martha's Vineyard.

We’ve done shows in the past with advice on planning to pay for your child's future college education--but what about paying for college right now?! Allan's oldest son is an emerging freshman at NYU and Allan discusses what it's really like to pay for college in real time. On this episode, we will also review payment plans, “extra costs”, and loan options. At the end, Allan will also talk about he we saved money on his bill without any scholarships dollars.

Earlier this week Jaylen Brown received the largest contract in NBA history. And with the emergence of his new wealth he publicly stated that his goal is to "use his generational wealth for good" by launching a project to bring Black Wall Street to his community. While a lot of us have heard of Black Wall Street, I don't think a lot of us know what it took to build it. On this episode, we break down what it took to build Tulsa's Black Wall Street and what it will take for you to build your own Black Wall Street--in your household. Spoiler Alert: You don't need $303.7 million dollar NBA contract to do it.

Parents invest so much of themselves, emotionally and financially, in raising their children. But the time may come when the financial contribution has run longer than expected, and you find yourself taking care of your adult children in ways that you may not have anticipated. On this episode we walk you through when and why it's time to cut your adult kids off, and how to do it effectively.

This week we finally accomplished the hardest thing we've ever had to do as entrepreneurs-- secure a business loan! With 20+ combined years of experience as successful entrepreneurs, with several positive balance sheets, and strong credit, we've never managed to get approved for a business loan until now. Tune in to hear how we did it, as well as, tips on how, when, and why to get yours. Spoiler alert: your DUNS number isn't likely to help much.

It's Tiffany's birthday--again--and we're celebrating the only way we know how: with shenanigans! If you're looking for a newsworthy, financially-informative episode... this is not it. At least not this week. Join us as we highlight fun facts and tidbits about the year Tiffany was born. I promise you'll be shocked and will have a good time celebrating one of your favorite co-hosts this week.

Are you currently an entrepreneur or are you on your path to becoming one? Maybe you're considering becoming an entrepreneur but you're just not sure the best way to go about it. On this episode, we highlight the two very distinct ways to go about becoming an entrepreneur based on your business model, personality, and startup capital--or lack thereof.

Most Americans have some type of debt in their lives. However, debts vary widely in more ways than you are probably even aware of. For instance, do you know the legal definition of debt? Do you know the difference between debt, a loan, and credit? Do you know how much you have in "good" debt versus "bad" debt--and why? On this episode, we break down everything you didn't know about your debt and how to pay it off.

"It’s the most wonderful time of the year..." again and so most of us are starting to gear up for gift-giving season. What is your plan of attack: Do you put a list together in advance, are you freestyling it, or do you wait to the last minute and let the spirit move you? Whatever your plan is we can make it a lot better by sharing top strategies for saving money during the holidays and financial gifts to consider as you share the gift of wealth building.

Congratulations! We are in graduation season and we are seeing graduates, of all levels and ages, entering into a new financial landscape. Allan’s son graduated from high school this week and now has to navigate becoming an independent college freshman away from home. This episode is for recent college graduates--and their parents--as we discuss what you both need to know as you enter into a new financial landscape, to be better prepared for life's next steps.

Having a baby is one of the most momentous experiences of your life, but it can also be one of the most expensive. Spending money on essentials like housing, childcare, and food, can can add up more quickly than you expect. Especially when there are a lot of additional expenses that no one speaks about. On this episode, we talk you through all the costs and considerations associated with raising a child. Not to scare you--but to prepare you!

Since the beginning of this podcast, Allan and Tiffany have openly shared their experiences, mistakes, wisdoms, and the personal relationships that have a lasting impact on who they are today in wealth, business, and friendship. One of those pivotal influences has been Robert "Bruce" Hawkins, Tiffany's father. On this episode, Tiffany shares the news of the recent passing of her dad while Allan and Tiffany discuss the various ways in his Mr. Hawkins impacted both of their lives.

Whether we're headed towards a recession, you got laid off from your job, or you just want to be more responsible about your spending, you never need a good reason to cut down on your expenses. On this episode, we highlight a variety of ways to tighten your budget and get closer to your financial goals.

It's time for some spring cleaning! But we're not talking about your closet or your refrigerator, we're talking about your old, dusty assets. Often times so many of us move cities or change jobs and leave a litter of old banking and investment accounts in the wind. You stopped receiving statements and ultimately you forget all about those assets. On this episode we talk about who should be looking for these accounts and how to get the money back in your hands.

Whether you think you're too young or too old to start building your wealth, you're wrong. There are several key steps you can take at every age to create financial freedom and security for whatever your heart desires. On this episode we discuss how to start to build wealth at every age with a decade-by-decade guide on how to grow your wealth.

First there was the collapse of Silicon Valley Bank and Signature Bank. ThenCredit Suisse was sold to UBS. And this week, the CEO of Cash App was murdered, prompting many people to speculate if Cash App would be next to go out of business. On this episode we discuss digital wallets and digital currency. In a world where our financial building blocks seem to be crumbling all around us, what do we really need to know about Cash App, Venmo, Zelle, etc.?

So many people have the goal of being a millionaire or at least having a million dollars saved in the bank but what does a million dollars really get you? Is it enough for you to leave your job? Will a million dollars guarantee you the ability to "live your dreams"? We have the answer on this podcast episode as we walk you through what $1,000,000 really means and if it's even enough.

Life happens! You lose a job, have an accident, get a divorce, or expenses just creep up on you and before you know it... you're broke! And when you're at your lowest point, financially, it's very easy to feel completely overwhelmed and have no clue how to start to dig your way out. On this episode we talk you through what to pay, how to strategize, and the right attitude to have during this temporary season of being broke--but not broken.

Silicon Valley Bank--and Signature Bank--failed over the weekend and now everyone is in a panic. But should they be? On today's episode we not only discuss why these two banks failed but the history of bank failures in the United States and how to protect yourself if this happens at your bank(s) in the future.

Are you a fan of multigenerational living because of the ability to pool resources and builder a stronger relationship between the grandparents and the grandkids? Or are you a part of the "sandwich" generation who has had to move a parent in due to their failing health or lack of finances, and now you find yourself, unexpectedly, supporting your children and parent(s)? Whether you're a part of either generation today or not, you may be one day soon. This episode outlines what these life events mean for you financially, and how to prepare your bank account--and sanity--for living with your parents as an adult.

One of the most common steps in building personal--and generational--wealth, is buying a home. And while that's always been a complex transaction to navigate it's only gotten more difficult in today's climate. Interest rates continue to climb. Is it still a seller's market? What about inflation? How much has my home appreciated? And don't forget about rising property taxes. On today's episode we provide current tips on how to buy, sell, or stay put in today's real estate market.

Today we celebrate our favorite co-host, Allan Boomer, as we observe his birthday and allow him to take over today's episode and talk about what he loves best: Black history. Today's unconventional episode doesn't talk about finance or wealth management at all but instead, highlights the legacy of Black people and the unspoken progress we continue to make in the United States. Happy Birthday Allan!