Financial Footprints

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Kolin Hayes

12 episodes

8 months ago

In this episode Kolin talks about some things to think about for those in their 20s when it comes to financial planning. This includes: Cash flow managementInsurance planningDebt payoff managementInvestingInvesting in yourselfDisclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purposes only. While we aim to share helpful tips and insights, every individual’s financial sit...

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Investing

Education,

Business

Episodes (12/12)

Financial Footprints

11: Financial Planning For Those In Their 20s

8 months ago

10 minutes

Financial Footprints

10: The Difference Between a Financial Planner and an Investment Manager

In this episode Kolin talks about the difference between a financial planner and an investment manager. The reason for this episode is most people will decide it is time to partner with a financial advisor, however they may, unknowingly, partner with an investment manager when they are really looking for a financial planner. They are looking to get advice on all aspects of their financial life, yet they hire an investment manager who only focuses on the money they are managing. This can cause...

9 months ago

8 minutes

Financial Footprints

9: Understanding the Importance of Asset Location and How Each Account Type is Taxed

In this episode Kolin talks about the importance of understanding how different account types have different effects on taxes. Kolin shares the difference between pre tax, post tax and taxable accounts. How each of these account types offer different tax benefits and why it is important to have each of them. Also, Kolin shares a bonus account type that offers triple tax benefit. He explains how different account types will help with your tax diversity and how each play a crucial part in your ...

9 months ago

11 minutes

Financial Footprints

8: Creating A Personal Cash Flow Statement | 2025 Updated

In this episode Kolin talks about the importance of creating a personal cash flow statement. He shares how to build your own personal cash flow statement and what all goes into this calculation. Kolin shares why tracking this number can help you progress in your finances and how to improve your cash flow results if they are not where you want them to be in 2025. Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is...

9 months ago

11 minutes

Financial Footprints

7: How To Calculate Your Net Worth | 2025 Updated

In this episode Kolin talks about what net worth is, how to calculate your net worth and the importance of calculating your net worth. Kolin talks about the power of tracking your net worth over time to see the growth and progress you have made each and every year. Kolin shares a simple formula you can use to start tracking your net worth today! Here's a free net worth calculator: Ramsey Solutions Net Worth Calculator Disclaimer: Financial Footprints is not intended to provide personalized fi...

9 months ago

7 minutes

Financial Footprints

6: The 50/30/20 Rule Explained | How To Manage Your Monthly Cash Flow

In this episode Kolin talks about the popular 50/30/20 rule when it comes to managing your monthly cash flow. Kolin shares the different categories and how to determine what falls into the 50% vs 30% vs 20% category for your monthly expenses. Kolin shares an example of how you can quickly start to manage your monthly cash flow by using the 50/30/20 rule. It is important to note that this is just a rule of thumb & is not an end all be all rule. It will change as your financial goals, incom...

9 months ago

9 minutes

Financial Footprints

5: Debt Snowball vs Debt Avalanche | Which Method Is Better For Paying Off Debt?

In this episode Kolin goes over the debt snowball method and the debt avalanche method to compare which of these methods of paying off debt is better. Kolin shares the pros and cons of both the debt snowball vs debt avalanche method as well as the reasons why you should choose the debt avalanche vs debt snowball method. At the end of the day, to answer the question of which method is better for paying off debt is really about you. Are you someone that needs the quick wins of the debt snowball...

9 months ago

11 minutes

Financial Footprints

4: 7 Things To Look For In A Financial Planner

In this episode Kolin goes over 7 things to look for when researching a financial planner or a financial advisor. Kolin talks about the financial planning industry and why he thinks you should look for an advisor who is fee only, fiduciary, independent and much more! Kolin shares his reasoning behind these choices.Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on this podcast is for general educational and entertainment purpos...

9 months ago

15 minutes

Financial Footprints

3: Roth IRA vs Traditional IRA | Which one is right for you?

In this episode Kolin talks about the differences and similarities between a Roth IRA and a Traditional IRA. Kolin shares some rules of thumbs that help you decide between a Roth IRA and a Traditional IRA including situation, tax bracket and more! Kolin helps listeners understand the tax implications of choosing a Roth IRA vs Traditional IRA & also covers how much you can contribute to a Roth IRA/IRA in 2025.Learn more about IRA deduction limits hereLearn more about Roth IRA income limits...

9 months ago

15 minutes

Financial Footprints

2: What is an Emergency Fund and Why Do You Need One?

In this episode Kolin goes over the importance of an emergency fund, why you need an emergency fund, how much you should have in an emergency fund, where you should put your emergency fund. Kolin talks about the overall reason behind an emergency fund to help listeners understand the WHY. When you understand the WHY behind an emergency fund, it all starts to make sense. Here is a great X thread on where you can put your emergency fundDisclaimer: Financial Footprints is not intended to provide...

9 months ago

16 minutes

Financial Footprints

1: 7 Questions To Ask A Financial Advisor Before You Hire Them

In this episode Kolin goes over 7 questions to ask a prospective financial advisor before you decide to hire them. The questions help you understand what the financial advisor does, specializes in, charges & values. The reason you want to ask questions to a financial advisor before you hire them is to make sure they are what you are looking for. You do not want to hire a financial advisor who specializes in one area if you are looking for another. You do not want to hire a financial advis...

10 months ago

19 minutes

Financial Footprints

Trailer: Financial Footprints Podcast

Financial Footprints is a podcast that explores the journey of personal finance, one step at a time. Whether you're looking to build wealth, get out of debt, or simply understand how your financial choices impact your future, each episode offers actionable tips, expert insights, and real-life stories to help you leave a lasting financial footprint.I hope you enjoy listening! Disclaimer: Financial Footprints is not intended to provide personalized financial advice. The information shared on th...

10 months ago

1 minute