The Momentum Advisors Show

The emergence and domination of social media, peer-to-peer payments, rideshare platforms and online networking has created the perfect environment for scams. Americans are getting scammed out of their money at an alarming pace and oftentimes they don't even realize it. On this episode we are bringing awareness to the most popular scams of 2022, that we are almost positive you--or someone you know--has fallen prey to.

The global stock market is down around 13% and the bond market is down 10%. In the last 45 years, there has only been one other year when stocks and bonds were down at the same time. What should you do? Stick with the plan even though the world looks bleak? Or abandon ship? On this episode we tell you what to do and the benefits of being a contrarian.

Whether you believe it or not, the government has been very busy--and what they've been working on should put a little extra change in your pocket. On this episode we talk about The Secure Act 2.0, new tax breaks, emerging 401k benefits from employers and (actual) student loan forgiveness.

On today's episode, The Momentum Advisors talk about the importance of reading and understanding the fine print within a credit card contract.

Communities of people have shared the use of assets for thousands of years but, the advent of the internet and smartphones has made it easier for asset owners and those seeking to use those assets to find each other. This dynamic is referred to as the "share economy". Sharing economies allow individuals and groups to make money from underused or idle assets; such as parked cars, spare bedrooms, swimming pools, clothes, and much more can be rented out when not in use. This episode details how you can get involved in sharing what you have, even when you think no one may be interested.

On this episode, we break down the mysteries behind credit and seek to help you build and maintain a good credit score.

Often times people are obsessed with buying stuff just because the price is low. But what about the actual value? Most "cheap" things are cheap for a reason; when you're not really paying attention that thing may turn out to be very expensive in the long run. On this episode we share some insight on good--and bad stuff--we've purchased (i.e. stocks, businesses, real estate, etc.) that was cheap and give advice on how to avoid the trap!

After years of working with millionaires, successful entrepreneurs, and wealthy families, we have received a lot of unexpected advice on what it truly takes to accomplish your goals. And what we've found is that it has less to do with the numbers and the dollar signs; and more to do with your mentality and who you are as a person. On this episode, we highlight some of the best advice you've probably never heard that will change your life financially, professionally and personally.

If you're fortunate to live long enough you will want--or need--to retire, at some point in your life. But people often speak about retirement as if it's a mythological character that only a fortunate few have been able to meet. Well that is not the case. On this episode, we give you the very specific steps to be able to retire exactly how you want to. Whether that's traveling, playing golf, working part-time, spending more time with the grandkids, or becoming a full-time artist, we have the strategy that gets you there.

Russia invaded Ukraine and every one is panicking. Although some of your neighbors may be stocking up on water and canned goods, do you actually know what's happening and how it may impact you? This episode is a balanced conversation on how the Russia invasion is impacting your wallet today and, potentially, in the near future.

For this week’s black history moment we want to tell you the story of how we created one of the largest black-owned wealth management firms in the country, as well as, give you advice on how you can build and grow your business. February 2022 marks our Ten Year Anniversary as a firm and we want to celebrate with our listeners! Edited 2 Se

Do you feel like "the man's" foot is on your neck? Are you always wondering how are you supposed to get ahead in a capitalist society? Well we know all about that and on this episode we're giving you the answers. It's time for you to get a seat at the table and not only be on the menu. Let's stop missing out on everyday opportunities to grow wealth and influence.

By now you should have your 1099s and W2 forms which means it's officially tax time! This episode is to help you prepare for filing your 2021 taxes. It is super important to know about all the tax changes that happened last year that could impact your refund this tax season--and your tax planning next tax season.

For those who are paying attention, the stock market is seeing red in a major way right now. Is this the first time the stock market has been down this much? Of course not. But what does it all mean? What's actually happening and should you be panicking? This week's podcast answers these questions and more. We also explain why this may be a great time for you and your wealth building portfolio.

Investing and trading are becoming extremely popular. This is partly because markets have had strongreturns--and also because of social media. People love talking about their winnings but not so much about their losing.On this episode we breakdown the differences between being an investor and trading. We also help you understand which of the two is right foryou.

The terms "ESG", "socially responsible" and "impact investing" are ongoing buzzwords in the financial services industry. But what does it all actually mean? Regardless of the confusing industry jargon, the essence of it all is aligning your portfolio with your values—without sacrificing returns. More than that, it presents greater opportunity for you to see stronger returns. On this episode, we teach you how to do it whether you're dealing with a financial advisor, HR department or you self-manage your investments.

Scrolling through TikTok, you come across a huge range of videos, from new dances to someone encouraging you to invest in Tesla. Financial TikTok, also known as "FinTok", is where individuals share advice on topics from investing to cryptocurrency to saving for retirement. Yet, just like a big chunk of the news you find on social media, there are lots of FinToks containing misinformation. On this episode, we're analyzing--and correcting--the most popular Financial TikTop advice.

Do you remember "Mr. Rogers Neighborhood", where he would walk through the neighborhood and introduce you to all the important people in his life? Have you ever thought about who is in your neighborhood? What about your financial neighborhood? Having a well-rounded team of professionals in your "neighborhood", working in harmony on your behalf, is a game changer for your wealth. On this episode we uncover and clarify possible roles on your financial team and how they should work together--in all areas ranging from buying a house to getting a divorce.

If you’ve spent the past few months dreaming of a new car in your driveway, you’re probably looking at models, comparing deals and evaluating what add-ons you can afford. Buying a car is a big investment; you’ll need to think about the cost, financing options and negotiating tactics before heading to the dealership. On this episode we walk you through all the necessary steps to buying a car; and we highlight the common car buying mistakes that we want you to avoid.

New Year’s resolutions don’t have to be reserved for diets and exercise. Sometimes the area of your life that really needs attention is your finances. As 2021 ends and 2022 begins, it's a great time to commit to your money goals, budget better, pay down debt, ditch bad habits and improve your financial picture to reach your goals. This episodes highlights specific--achievable--goals to set for your financial new year. If you want 2022 to be a better year for your money, consider makingthese financial New Year’s resolutions.

In our work as financial advisors, we are helping people grow their wealth and we are literally seeing people’s dreams come true right before our very eyes. In our own lives as entrepreneurs, we are achieving dreams that might seem unattainable; butit’s happening. On this episode our goal today is to help you realize that you too can achieve your dreams and build wealth at the same time--and it starts with positive thinking!

We are in the midst of the “Great Resignation” where more people are quitting their jobs than ever before to launch new businesses, go back to school or explore new career paths. This episode highlights the things to keep in mind before you take the plunge.

The end of the year always seems to sneak up on us. After Thanksgiving, the buzz of the holiday season keeps us busy through the New Year and all of our financial, health and tax planning become distant thoughts until 2022. Not this year! On this episode, we make your year-end adult-ing planning a priority; because when the year ends there’s no going back.

In the spirit of Thanksgiving, this episode focuses on the many ways to give to your favorite causes, charities and organizations. When most people think of giving they only focus on how to give money but, there are several ways to give non-monetary gifts that are extremely impactful. If giving money is your preference we discuss traditional and non-traditional ways to give financial assets while highlighting their potential tax implication.

When is the last time you reviewed your homeowners and auto insurance? For most people, the answer is when you initially purchased your home or car and even then you bought just enough to get the deal done. This week we've brought back special guest and Founding Partner of Momentum Risk Management, Sylvia K. Alston, to explain why quality property and casualty insurance is the real MVP--and how to get quality coverage for low cost.

Open Enrollment season is underway but, what does that actually mean for you? A LOT! Whether you get health insurance through your employer or from Healthcare.gov, Open Enrollment is a very small window of time to make very big decisions about your health and what it is worth. On this episode, we bring in special guest Sylvia K. Alston to break down how to select the best health insurance for you and how to avoid receiving "basic ass insurance" from your employer.

Due to more time spent at home during COVID, there has been a major spike in new pregnancies and childbirth. With that in mind, this show focuses on the financial planning that needs to take place as an existing or emerging parent. We highlight all the options you should consider when saving, investing and strategizing for your child's financial future.

Once every three months we like to give a snapshot of what’s happening in the financial markets and the economy. Is COVID still impacting our economy? What is this "labor shortage" everyone keeps talking about and where are all the workers going? And what about all these supply chain delays and how will they effect the holidays?

A recent financial study finds that 75% of all Americans are living paycheck-to-paycheck and have little or nothing in the way of emergency savings. How did we get here? Well, we guarantee you there were probably a variety of warning signs before things got so strapped. On this episode we are identifying these warning signs so that you can address these financial problems before they get any worse.

On this episode, we call out what we consider to be financial predators. The bad guys and villains that are stealing money from right under our eyes. Don't take it personal, because almost all of us have used at one of these financial predators at least once in life.

If you don’t take the time to get your parents financial profile in order, it could put theirfinances in jeopardy--and ultimately yours! Over 15% of middle-aged adults are providing financial support to both an aging parent and a child, at the same time. For African-Americans, more than half find themselves unexpectedly "sandwiched" between caring for an older person and a child under the age of 18. This episode focuses on how to get your parents finances in order to ensure they can age gracefully and independently. We highlight specific conversations and topics you need to have with them to make sure all bases are covered under any circumstance.

While our expertise is in wealth management, personal finance and entrepreneurship, we do know that climate change is a very real thing. And not only will it have an impact on the environment but it can also deep impact on your wallet. On this episode we talk about the ramifications climate change can have on your bank account; as well as, ways to save money while also saving the environment.

According to a recent Gallup poll, the average expected retirement age is 66. Thirty years ago, the average American projected retiring at age 60. What does this mean? On average, Americans are expected to work longer and retire later in life--or maybe not! There is a new Millennial movement called "F.I.R.E.", Financially Independent and Retiring Early. How early? 20 - 30 years early! It's not easy but it's very possible and on this episode we are discussing how to adopt this way of life to retire in your 30s or 40s.

We just bought a new business together last month and what we have realized is that most of the advice we give is only on building a brand new business. But what about buying one? On this episode we give you all the steps on how to buy an existing business and give you a little insight into our recent purchase.

Are you tired of being lost in financial conversations? Are you feeling left behind in your attempt at "financial adulting"? No worries! On this episode we break down basic concepts and key words every adult must master to build wealth and be financially responsible.

Keeping liquid savings on hand in case of an emergency is one area where Americans of all incomebrackets are falling short--especially the "middle class." But what is this middle class? Is it defined by a salary range, household income or aspirational possessions? And is being in the "middle class" all it's chalked up to be? On this episode we answer all these questions while addressing the wealth gap of the middle class and how to thrive in it.

No matter how much you earn, "getting by" is still a struggle for most people. 78% of full-time U.S. workers say they are living check-to-check and 56% say they are in over their heads with debt. Even those making over six figures say they struggle to make ends meet with with nearly in 10 of those making $100k+ living paycheck-to-paycheck. So what does all of this mean? It means that we are all accustomed to borrowing money and taking out loans at some point in our adult lives. This episode talks about how to do it--and when to not do it at all.

We recently did two episodes on estate planning: “Estate Planning” and “Trust Fund Babies.” This week's show focuses on giving you the the do-it-yourself (DIY) version. We are highlighting ways to get your entire estate plan done for little or no money whatsoever--and that's with or without the help of a lawyer. We hope that by eliminating all of the financial obstacles and making estate planning super simple there will be nothing stopping you from getting yours done today.

Who is Jerome and why is he hating on all of our bank accounts? What's a BRIC and how should you use the term at dinner parties? What are some of the most expensive stocks right now and how do we spot them? This episode is our quarterly Market update on what's happening in the economy and how it's effecting your portfolio today.

Research shows that only 44% of Americans have a Will. Leaving the majority of Americans with no estate plan at all; with 47% stating "they just haven't got around to it" and 29% believing they don't have enough assets to leave to anyone. On this episode, we discuss what goes into an estate plan and why now is the time to "get around to it" no matter how little you may (think you) have in assets.

COVID has created “a tale of 2 cities” where many people are struggling and a similar number of people are wealthier than ever. Between strong stock market performance and an even stronger housing market, we are seeing more people become millionaires than ever before. This episode discusses how these new millionaires are made, strategies to help them deal with their newfound wealth and tips on how you can be next in line.

Children start learning about money as early as three years old and it will take them decades to fully understand wealth. So the key is to start early. On this episode we give you an effective strategy for how to teach your kids--of all ages--about money. It's never too early or late to help expand your child's financial mindset.

Summer is the time to cut loose. Unfortunately, it can also mean cutting loose financially. These sunny months bring endless opportunities for traveling and socializing: holiday weekends, graduation parties, vacations, barbecues and family gatherings, summer camp, etc. Surveys find that 52% of parents spend more than they intend to every Summer. This episode talks about ways to save and how to be more strategic with your Summer spending.

If you are deeply in debt and considering filing for bankruptcy, you are probably brimming withanxiety. Filing for bankruptcy can be complex and confusing because every case is so different. This episode breaks down everything you need to know about bankruptcy--and we guarantee some things will really surprise you. If you are considering bankruptcy or know someone who is about to file, make sure you tune in to this show first.

Your psychological view of money has a huge impact on your money decisions. Determiningwhat to spend money on, how much to save and evaluating your “safety net” are all steeped in what wecall your “Money Mind.” On this episode we will help you identify your money mind; and some of the pitfalls andopportunities that go along with it.

Are you asking yourself, do I need a financial advisor? For many people, the answer is 'NO'. Even though financial advisors can assist you with your money in a number of crucial ways, most people don't know what a real financial advisor does or when they actually need one. This episode breaks down who is--and who is NOT--a financial advisor; as well as, if you really need a financial advisor at all; and IF you do, what questions you should be asking to ensure you pick the right one. This show is for people who are unsure about the need for a financial professional and for those who already have a financial advisor.

This week we are continuing to highlight how to approach building generational wealth in spite of all the systemic setbacks and obstacles, like the Tulsa Massacre. We are delving deeper into specific strategies for building wealth in your family no matter where you are on our "Generational Spectrum." This episode is a continuation from "The Tulsa Massacre & Your Generation."

This week marks the 100th anniversary of the Tulsa Massacre that destroyed “Black Wall Street” in 1921. It was a horrible tragedy that is a major cause for today's wealth gap in the Black community. On this episode, we are highlighting how to approach building generational wealth in spite of all the systemic setbacks and obstacles, like the Tulsa Massacre. We are breaking down strategies for building wealth in your family no matter how much you're starting with.

Most financial advisors want you to take baby steps toward your goals every year. While this works out well for most people, sometimes you have to do things a little differently, even if it means taking two steps back to move forward. We are breaking down an alternative approach to reaching your financial goals — which may involve doing some things that seem risky in the short run — in order to win big in the long run!

Several studies find that arguing about money early on in amarriage is the number one predictor of divorce; while couples whotalk openly and frequently about money report being happier. This episode gives you strategies and topics on specific "money talks" you should have with your partner to ensure you both stay in control of your relationship. Financial friction can wreak havoc on your partnership and this show will help prevent that.