Jay Zigmont's Blog, page 10

Childfree Wealth Podcast Ep. 28: The Soloist Life with Ashley Maready

A museum curator turned full-time freelancer she now spends her time writing & editing for different clients. After paying off $25,000 in debt in seven months she’s focused on building up savings to purchase a home for her and her three cats. Listen as she shares the joys and challenges of what it means to be the sole provider for yourself.

Sixth Meeting with a CFP® - Business Planning

In this session, we walk through business planning. Anna is a Childfree Life Coach who works with women struggling to make the decision on whether or not they want to be childfree. As her business grows, she needs to have a plan. Together with Dr. Jay she’s able to map out what this will look like going forward & how that will impact their finances.

Childfree Wealth Podcast Ep. 26: Student Loan Update

With federal student loan payments restarting soon, now is the time to prepare. Figure out where your loans are located, your estimated monthly minimum payments, & when you’ll need to start repaying them.

How Do Taxes Work If I Sell My House?

If you own a home and then sell it, you may owe taxes on the sale if the home has appreciated in value. There are some exceptions to this, however, and a lot depends on how long you've been in the home and how you're using it. Here's an overview of capital gains taxes on home sales.

Fifth Meeting with a CFP® - Insurance and Budget Check In

In this session, we dive deeper into insurance & budgeting with Anna (from We're Not Kidding) & her husband Grant.

Childfree Wealth Podcast Ep. 24: Planning for Long Term Care

As people age, the likelihood of needing long term care increases. Long term care can refer to a range of services and support. However, long term care can be costly, and without proper planning, it can deplete one's retirement savings and other assets.

What Are Property Taxes?

Property taxes boil down to paying somebody for the honor of living somewhere. And as property taxes fund local services like libraries and firefighting, they are worth paying. A major debate in the Childfree community is over whether it's fair for people without children to pay for schools that they won't use, but everyone pays for police and firefighters and hope never to use their services. Here's a few considerations for property taxes.

Childfree Wealth Podcast Ep. 22: Achieving Financial Independence

Childfree Wealth Podcast is a show hosted by Bri Conn and Dr. Jay Zigmont, PhD, CFP®, focusing on finances for childfree and permanently childfree individuals. The show covers a wide range of financial topics, including budgeting, investing, saving, and planning for the future. In this episode, Bri and Dr. Jay use their expertise and experience to provide listeners with practical advice and strategies for building wealth and achieving financial independence.

How Does My State Impact My Taxes?

As we've already discussed, Childfree Americans pay a lot of different taxes, and this includes those charged not just at the federal level, but also at the state and local level. So there's really no escaping taxes in some form or another, even if you move to one that does not charge state income taxes (there are nine: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming). You'll have to pay into the state coffers in other ways. Let's discuss a few tax...

Childfree Wealth Podcast Ep. 20: Breaking Free from the 9-5: FIRE vs. FILE

In this episode, Bri & Dr. Jay explore the concepts of FIRE (Financial Independence Retire Early) and FILE (Financial Independence Live Early) and how they differ. While both are rooted in financial independence, FIRE is focused on retiring early and FILE is focused on achieving financial independence in order to live life on your own terms, regardless of age.