Jay Zigmont's Blog, page 3

Untangling Self-Worth with Sheri

Dr. Jay is joined by Sheri Johnson to unpack the nuances between being childfree and childless, drawing from Sheri's personal experience of transitioning from a fertility journey to embracing a childfree lifestyle. Sheri shares her journey of grappling with miscarriages, fertility challenges, and the pivotal decision that led her to redefine her path without children.

What is a Sinking Fund?

"Sinking fund" is a term you may not have heard before, but it's a good way to include predictable expenses in your budget. If you know that you'll need to make a large purchase or pay a big bill sometime in the future, you can put aside money leading up to it, so when it's time, you can just take that money out of your savings account and pay it. Here are some times when it pays to create sinking funds, as well as tips to manage that cash so it's ready when you need it.

Love & Money with Bri's Wife - Childfree Wealth Podcast Ep. 65

Bri brings her wife, Addie, to the mic as they dive into the delightful world of love, money, and yes, even chicken nuggets (Addie’s Version)! From the get-go, the banter is lively as Bri and Dr. Jay set the stage for a candid conversation about relationships and finances. Addie adds an extra layer of warmth as she shares personal anecdotes and insights into their journey as a couple.

What Is an Emergency Fund?

There's always a rainy day just around the corner, and this goes for your finances as well as the weather. A financial rainy day is an unexpected expense that you didn't budget for, because there was no way to anticipate it. It could be a leaky roof, a flat tire, or a trip to an urgent care clinic to get stitches. And the way you meet those surprise bills is with your emergency fund.

The Boring Middle - Childfree Wealth Podcast Ep. 64

In this episode, Dr. Jay and Bri lift the curtain on the hidden dramas lurking beneath the surface of financial planning. From late-night panic texts over shoe purchases to heated debates about grocery budgets, they reveal the hilarious and heartwarming realities of managing money as a childfree couple.

How Do I Budget With a Variable Income?

If you've ever dreamed about breaking away from that fluorescent-lit, cubicle-filled office space, and becoming your own boss, you're not alone. But one of the potential pitfalls of starting your own business, becoming a freelancer, or even just working on commission (like real estate agents and some salespeople do) is variable income. When you've got a salaried job, you know how much money you'll be bringing in every month, and it's much easier to budget. Let's take a look at some tips for budg...

25% of people may be receiving bad financial advice (FinCon Talk) - Childfree Wealth Podcast Ep. 63

​​In this captivating talk from FinCon 2023, join Dr. Jay Zigmont, CFP® as he delves into the often-overlooked financial landscape of the childfree community. Dr. Jay, known for his unique perspective as a childfree individual himself, takes the audience on a thought-provoking journey through his experiences and insights.

Who Cooked Adam Smith's Dinner? - Childfree Wealth Podcast Ep. 62

​​Dr. Jay and Bri engage in a spirited discussion about their recent book club selection, "Who Cooked Adam Smith's Dinner?" by Katrine Marçal. While Bri selected the book, she acknowledges her disappointment after reading it. Meanwhile, Dr. Jay reveals his struggle with the book & ultimately the decision to not finish it.

Budget Tips & Tricks

While the thought of sitting down to create a budget may be overwhelming, the hardest part of that process may be pulling all your financial skeletons out of the closet and holding them up to the light. Your budget will organize your incoming and outgoing money for you, showing you where you might be overspending or undersaving. Then it'll be up to you to actually live with the budget and make adjustments to your life and spending accordingly. Remember, a budget doesn't just tell you what you ca...

DINK Math with Erika & Kristen from Dinky

Get ready for the ultimate DINK math applications, including the potential for adopting 30 cats a year or splurging on that extra guac and third margarita because, hey, the sitter money is just waiting to be spent! With a dash of wit, a sprinkle of memes, and a whole lot of fun, this episode proves that being childfree doesn’t mean being serious.