The Momentum Advisors Show

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!

Everyone makes mistakes when it comes to money--no matter how much or how little you have of it. Yet, money remains one of those common subjects where people never feel comfortable asking for help until it's way too late. On this episode, we discuss why it's so hard to ask for financial help, overcoming that, and how to successfully get the help you need. Because whether you like it or not, asking for help is the first step to saving your finances.

Two weeks ago, Allan lost his wallet outside of his local bagel shop. Within two hours of losing his wallet, all of Allan's accounts were hit with multiple transactions totaling several thousands of dollars in losses. On this episode, we will discuss what to do if your wallet is lost, how to prepare in advance and also best practices to protect your identity from fraud.

On this episode we are sharing our proprietary market commentary for the last quarter and our projections for the year ahead. We discuss the blood bath that has taken place in the market but how and why we're optimistic for the year ahead. Tune in to hear what you can expect from your portfolio, what's getting more expensive, and what may be getting cheaper. And oh yeah, Beyoncé!

It's tax season and this year things are going to look very different. There have been major changes to the tax laws and it's a guarantee that you're going to feel it--good and bad. Tune in to this episode to learn why your tax refund may be a lot less this year and how your portfolio's tax strategy just received a major boost. We also answer the age old question of how "the wealthy" avoid paying taxes--legally.

Statistics show that, on average, Americans stick with the same banking institution for over 17 years. That is longer than the average marriage. The question we are asking is: Why are we so loyal to banks that are rarely loyal to us--and should we be? The answer is discussed thoroughly on this episode as we highlight our issues with banks, why it's time to branch out, and what your options are.

In 2022, inflation reached levels unseen in four decades. But prices ballooned more rapidly for certain items than others, largely concentrated among food, fuel and airfare. On this episode we talk specifically about how inflation is impacting your weekly spending, the real reason behind these dramatic price increases, and how long we think it's going to last.

This week we all watched in awe as Damar Hamlin was given CPR multiple times on national TV. Hamlin, who was immediately treated after going into cardiac arrest during Monday Night Football, has shown “remarkable improvement” but, what will happen to his finances if he never plays football again? And for you the listener: what will happen to you and your family if you suffer an injury that keeps you from working? On this episode, we tell you how to focus on income protection against all odds--albeit temporary or permanent.

Happy New Year! We normally discuss the “hardware” of improving your net worth but, it is equally as important to focus on the “software.” When we think about our personal success a lot of it has to do with not just what we know but, also WHO we know. On this episode, we break down the value of a strong network, who you should be building relationships with in 2023, and how to do it effectively. We also give examples on how your network can really pay off in your wealth building strategy.

It's Christmas day and all we want to do is have fun with you guys. Tune in for a laid-back episode of holiday cheer, laughs, and even more of our usual antics. Merry Christmas y'all!

The collapse of crypto exchange FTX raises a question for every saver and investor: what happens to your money if the company that holds your account goes under? On this episode we explain how safe your accounts are no matter where they are and, who has your back in the case something smells fishy. That goes for a bank, brokerage firm, retirement account provider, etc. So if you've been leery about putting your money away or investing because it doesn't feel "safe", this show is for you.

Although it's an unfortunate topic, divorce is a common reality that a lot of couples are facing right now. There are a variety of reasons why but the divorce rate has nearly doubled since the 1990s and has grown even more for couples age 50 or older. On this episode, we walk you through the factors you need to consider and the financial steps you need to take to better navigate an already difficult situation.

"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.

Have you ever been hit with an obstacle on your wealth journey and were unsure of the one thing you need to recover? We have the answer: Resilience! On this episode we talk about the intangible asset you need to accomplish all of your financial, professional, and personal goals.

There has been a ton of news this week about FTX Crypto Currency Exchange, which filed for bankruptcy this week and a lot of people lost a lot of money. It lead us to the realization that we have never discussed cryptocurrencies and it's finally time to have "the big talk." On this show we will break down crypto, blockchain, the FTX scandal--as well as a few other major crypto scandals--and how you can invest, while protecting yourself in the crypto-future.

Even though the votes are still being counted, midterm elections are done. We don’t know who will be in charge of the Senate or the House just yet. A few states are requiring a runoff election. And there's still a lot of overall uncertainty. But one thing we do know for certain is that this--and every election--has a very profound impact on your wallet today and in the future. On this episode we break down elections, political parties, the various branches of government, and how they all strategize in favor of, or against, your wallet.

It's standard financial teaching that stocks are high risk and bonds are relatively safe. Well this year both are erratic and acting very risky--but for completely different reasons. On this episode we will discuss what's going on, why, and exactly what you should do about it.

It's out 100th episode and we've decided to celebrate with all of our listeners. We are taking the day off from teaching and advising to have some fun answering completely unexpected questions about ourselves. Tune in to learn more about your Momentum Advisors as we enjoy Episode 100.

If you have a child heading to college soon it's likely that you'll be filling out a Free Application for Federal Student Aid, better known as the FAFSA. Most parents hate the thought of filling out such a long, confusing, pointless application; especially when you think your child won't qualify for financial aid or, you don't even know what school your kid is going to. Guess what? You're completely wrong and this episode is going to tell you why you absolutely want to fill out the FAFSA ASAP, and how it's easier and better than ever.

Symbiosis is a close relationship between two species in which at least one entity benefits from the other. Often times we initially think about the instances where this relationship is negative but ,on this episode we highlight positive, wealth-building symbiotic relationships for potential or existing entrepreneurs. Specifically those where small business or independent contractors can partner with large enterprises to make more money on their own terms.

What's a stock? What's a return? Yea, most of us know the answers to these questions. But how do you get a stock to pay you rent? How do you find the really "cheap" stocks where you make your money back really quickly? These--and some important others--are the answers we really want you to know before you ever buy your first share. Thankfully, it's never too late to learn.

Most people have a basic understanding of how to invest their money: open an account, buy some stocks, bonds, or other investment vehicles. Well, there's a lot more you need to know before you take these two steps, that are crucial to your overall investment plan. And guess what? Most people don't know them and miss out on all the real benefits to investing. On this episode we tell you the most important thing you need to know when getting started with investing your money.

The Mis-education of the Negro, written in 1933, describes how the educational system in America was designed to teach Black people that we are inferior. Leveraging quotes from the book, we explore ALL of the ways we ALL have been Mis-educated in regards to careers, achievement, entrepreneurship and wealth-building

77% of Americans report feeling anxious about their financial situation. Are you afraid to think about retirement, affording a house, or paying for your child’s education? Do you have a poverty mindset or a scarcity mindset? Neither? You're still likely to be dealing with fear and stress around your wealth and financial strategy. This episode helps you identify your financial fears and how to overcome them.

To get the most value from your financial advisor, you must ask the right questions. On this episode ,we provide key strategic questions for you to ask your existing--or future--financial advisor so that you can quickly sort through who is the best fit for you. And just for fun, we answer all of these key questions ourselves so that you know what a suitable answer should sound like.

This week the White House announced Joe Biden's Student Loan Forgiveness Plan and we couldn't be more excited--and confused. On this episode we talk about what the plan includes, who qualifies for student loan forgiveness, and how this impacts student loans moving forward. We also highlight ways to capitalize on this program to get you closer to your overall wealth building goals.

We've all heard about stocks, bonds, and cold-hard cash but what else should be in your investment strategy? Maybe hedge funds, commodities, or real assets? Are you a luxury watch or rare wine collector? What about baseball cards, comic books, or coins? If so, these are all alternative investments that should be considered a vital part of your portfolio and overall wealth management strategy. On this episode, we define alternative investments and highlight some new opportunities that you may have never considered.

Recently, the Mega Million jackpot was among the largest lottery prizes in history at over $1 Billion. If you were to win the lottery for any amount of money, how much would you need to live your ideal life? This is a question that was recently asked across 33 countries and the answers will surprise you. On this episode, we talk about how much money is "enough" to get you to your best life and how to make it happen--even if you don't win the Mega Million jackpot.

Inflation is at (or near) its highest level in decades and our country’s economic growth declined for two quarters in a row. What does all of this mean? That we may be in a recession. Luckily, you can choose to opt out and not participate. On this episode, we remove the panic and worry from the term "recession" and highlight the things you can do to reduce--or even eliminate--the impact it has on your household.

Robbery can happen to anybody but this week it hit close to home for the Momentum Team—and that pastor on live stream. With our team member we were able to help him quickly recover but it got us thinking, do you know what to do if something like this happens to you. If you’ve been the victim of a theft, burglary, or fraud here are the important steps to take to recoup your losses and ensure your financial health remains intact.

The world is open and we are all "outside". Not only are we traveling and going out to eat but, we are hiring and utilizing service providers now more than ever. And with all of these experiences comes one common thread: tipping! Are you a good tipper? Do you know when and how much you're supposed to tip? Do you know how vital gratuity is to the economy? Do you know tipping started as a result of slavery? On today's episode we highlight the history and necessity of gratuity; as well as and explain how you should approach each tipping situation.

Everyone is worried about a recession. Inflation rates are rising at a record-breaking pace. The news is telling you the end is near. Layoffs are starting and don't get us started on the supply chain issues. BUT with all of that, there is a lot of positive movement happening in the world right now as it pertains to your financial future and that is what we are highlighting on this episode. We talk you through all the big "doom and gloom" headlines and bring in the sunshine that the news refuses to talk about.

Yes, we are Financial Advisors but we are also world travelers--especially Tiffany! Today’s show is about savingmoney and time while traveling this summer all while having a great time.

It is Tiffany's 40th birthday and we are switching things up to learn more about your favorite podcast co-host. On this episode, Allan is allowing the listeners to get to know Tiffany better by asking her forty questions for her 40 years on this Earth. There is no doubt you will be shocked by some of these answers, as Tiffany allows herself to be a bit more vulnerable on air. Happy 40th Birthday, Tiffany!

There’s a shift happening in the job market--and it's not the one you've been hearing about. While the news continues to highlight "The Great Resignation" you may need to look twice before quitting that job. With more job openings than ever, and the lowest unemployment rate we've had in years, employees may be getting tricked into making less money and receiving less benefits. On this episode we talk about both sides of what's happening in the job market, where it's happening and how to prepare for your success either way.

As we celebrate Juneteenth, brands across the country are launching products, events and marketing strategies to try and cash in on the holiday. Here’s the problem: Monetizing the celebration of Black freedom contradicts the very sentiment that drives Juneteenth. Black people were among this country’s first forms of currency, and the celebration of Juneteenth reminds us of that not-so-distant past. Giving your money to white-owned businesses that slap Black fists on their packaging as a marketing strategy can add insult to injury. So on this episode we talk about legitimate ways to spend, buy and support Black-owned businesses.

Last week we started talked about how to transition from high income to high wealth. On this episode we continue that conversation to help you build wealth in all areas of your life; because your financial wealth can easily be eclipsed by lack of wealth in several other areas. Tune in to learn about why you don't want to be a H.E.N.R.Y. all of your life; and how you really want to become a H.E.R.

Are you finally in a position where you're receiving a great income? Where you're making more than you've ever made before and you are now feeling a lot more comfortable affording your wants and needs. If so, the big question is: but are you building wealth? On this week's episode we discuss how people who are finally making “good money” can transition from simply making a substantial income to actually building "good wealth."

In the aftermath of several mass shootings in one week, many Americans want to do something--anything--to help but, feel helpless. Petitions, donations and voting are all clear ways to start a path towards change but there is a very effective and immediate impact you can have from the comfort of your living room: changing your investments. Most investors are completely oblivious to how they are--and have been--funding gun production and warfare through their retirement accounts and investment portfolios. On this episode we tell you exactly how to uncover if/where this applies to you and how to defund these organizations in real time.

Although we've talked about how to hedge against inflation before, we have NEVER seen anything like this. Inflation is up 8% - 14% from just last year on every day items like water, fish, produce. This is no longer something you can ignore or budget for; inflation at this pace is requiring you to fight back! On this episode we talk about ways to fight against short-term and long-term inflation right now.