You’re probably not making the most of your health savings account (HSA). Most likely, no one taught you that your approach is too narrow.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains the benefits of an HSA. But he also shares how, almost like breathing, HSAs demand awareness, intentionality, and patience from us.   Welcome to Financially Well, the finance podcast for Millennials ..read more

Amid unfavorable circumstances, Claude Monet focused on what he could control. He and his Impressionist peers launched an independent, competing art exhibition that drew attention to their work.   But Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains that Monet also got a little lucky. And his story offers an example of why we shouldn't focus too much on outcomes when we make financial decisions.   Welcome to Financially Well, the finance podcast for Millennials ..read more

Joe Brumm knew his approach to children's television didn't conform to conventional ideas. But he didn't care. He created the show Bluey to meet his own desired outcomes.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses what we might learn from Joe Brumm and Bluey. The biggest lesson lies in a willingness to embrace flexibility over structure.   Welcome to Financially Well, the finance podcast for Millennials ..read more

It’s hard for anyone to figure out how and when we should actually use the money we’ve saved.   Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains how we can stick to our preferences. Even when short-term trends and distracting technology compete for our attention.   Welcome to Financially Well, the finance podcast for Millennials ..read more

Have you ever felt stressed out when you're struggling with one particular aspect of your finances? Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, proposes a solution: stay focused on the aggregate. Welcome to Financially Well, the finance podcast for Millennials ..read more

What would happen if we aimed to make the majority of our financial decisions within 15 minutes? Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how this is possible if you accept a simple premise: the most basic foundational financial decisions will determine whether you achieve the outcomes you seek. Welcome to Financially Well, the finance podcast for Millennials ..read more

Natural wine, which lacks the mysterious additives that most conventional wines contain, continues to grow in popularity. It's a response to winemaking moving too far away from its simple, transparent, and natural origins. In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses why, like winemakers, we have a choice to opt for simplicity over financial complexity. Too often, we admire complexity in money, particularly new technology, and popular trends. But to what end? Making your finances more complex does not mean you’re making financial progre ..read more

After we set an ambitious financial goal, such as retiring at a specific age, we often feel stuck.    In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials,  discusses why, with money, most of the time, a good-enough solution is fine. But by setting arbitrary stupid goals, we can experience more immediate, and enduring, benefits. And avoid that feeling of being stuck.   Welcome to Financially Well, the finance podcast for Millennials ..read more

Taylor Swift's fourth studio album, Red, was the fastest-selling country music album ever. But one common critique of Red made Swift wince: it wasn't "sonically cohesive." The reason? Swift was stuck trying to please country music executives, despite her interests in pop music.   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, discusses how we become more empowered with our money once we stop trying to please others.  Swift ultimately parted ways with country music to pursue what was important to her. And at certain points in our financial ..read more

In 1975, Pepsi announced the “Pepsi Challenge.” The marketing idea involved a simple blind taste test to determine the best soda in the country.   In this episode, Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, explains why we wish our financial decisions could work like the Pepsi Challenge. No context. No peer influence or status implications. Only one variable, like sweetness, to consider. But the Pepsi Challenge revealed the importance of keeping in mind the context. In personal finance (as with soda preferences), context matters. Status pressure is real. A ..read more