This week we are joined by Wealth Manager Tom Freeman to chat personal finance. Tom is a Managing Director of FCS Family Office. Among his many achievements (top of which is being our Dad), he was awarded Forbes Best-In-State 2022 and one of Barron's Top 1200 Advisors of 2022. In addition to this, his team was Forbes #1 Ranked Private Wealth Team in the Midwest & #56 in the U.S. in 2022.
In this episode we discuss:
How can stay-at-home moms, moms who want to stay at home, or women who imagine themselves staying at home in the future protect themselves financially in a marriage and what kind of conversations should they be having with their husbands/future husbands? (6:05)
What is the best way to budget? (12:36)
How do you recommend paying off credit card debt? (20:00)
What is your perspective on saving vs. spending on travel, experiences, etc. while young? (24:37)
What is an easy way to start investing? (32:11)
Top 3 best financial decisions to make in your 20s? (38:00)
Explain Roth IRAs and HSAs (44:07)
What should I be doing in college to start saving and investing? (58:58)
How important is investing money in the stock market versus keeping it in a savings account? (1:03:33)
When should a newlywed couple consult a financial consultant/advisor? (1:06:36)
If you had to pick one piece of financial advice to give, what would it be? (1:11:32)
BABU Check-In (1:12:38)
We hope you enjoy!
