Childfree Wealth: A Conversation with Jay Zigmont, PhD, CFP®, Founder of Childfree Wealth®

10/08/24 • 32 min

Jay Zigmont, PhD, MBA, CFP® is the Founder and CEO of Childfree Wealth®, a life and financial planning firm dedicated to helping Childfree and Permanently Childless people. Childfree Wealth is the first life and financial planning firm dedicated to serving Childfree people.
Dr. Jay is a CERTIFIED FINANCIAL PLANNERTM, Childfree Wealth Specialist, and author of the book “Portraits of Childfree Wealth” and the upcoming book “The Childfree Guide to Life and Money.” Dr Jay is the co-host of the Childfree Wealth podcast. His Ph.D. is in Adult Learning from the University of Connecticut.
He has been featured in Fortune, Forbes, MarketWatch, Wall Street Journal, New York Times, Business Insider, CNBC, and many other publications. In 2023, he was named a “Rising Star” by Financial Planning.
Childfree Wealth https://childfreewealth.com
Childfree Wealth Podcast: https://childfreewealth.buzzsprout.com
New book: The Childfree Guide to Life and Money: https://www.amazon.com/Childfree-Guide-Life-Money-Management/dp/1728297346
Questions Answered
0:00:00 Introduction
0:01:41 What does it mean to live a childfree life?
0:02:49 Can you tell us the difference between childfree and childless couples?
0:03:45 Can you share a bit about your background and what inspired you to work with childfree couples?
0:08:15 What is the difference between the FIRE and the FILE movements?
0:12:00 What are the common misconceptions or different perceptions that people have about childfree couples?
0:21:50 The Gardener and the Rose
0:26:50 What advice do you have for couples on setting new personal and joint goals after their children have moved out?
0:31:22 What is one piece of simple and actionable advice for our listeners that you would like to conclude with today?

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Previous Episode

How to Have a Good Relationship: A Conversation with Aja Evans

Aja Evans is a speaker and soon-to-be author of her debut book, Feel Good Finance. She is the incoming President of the Financial Therapy Association, consults with fintech companies, and has been featured in major news outlets such as The New York Times, Business Insider, NerdWallet, and CNBC.
Today we discuss the essentials of a good relationship, such as managing finances as a couple, handling income swings, and dividing household responsibilities. She discusses joint finances, separate accounts, and the importance of early money conversations in relationships.
Key Takeaways

Early money conversations in relationships are crucial for aligning financial goals and expectations.
Managing monthly income swings requires careful budgeting and preparation, especially in professions with variable income.
Dividing household responsibilities and tasks requires open communication and understanding of each other's preferences and strengths. Open communication is crucial for managing household responsibilities and addressing financial disagreements within a marriage.
Understanding one's money story and its influence on financial decisions is essential for a healthy financial relationship within a marriage.
Aja's upcoming book, Feel Good Finance, focuses on the importance of understanding individual money stories and their impact on financial beliefs and patterns within a marriage.

Listener Notes
0:00 Introduction
1:09 Can you introduce yourselves and give us a brief background on your journey together as a couple?
5:02 How do you divide your finances as a couple?
9:20 How did you approach your initial conversations about money?
10:15 What was your approach to paying off the student loans you brought into the marriage?
12:14 How do you ensure both partners have a say in financial decisions?
16:12 How do you handle managing significant swings in household monthly income?
18:14 How do you divide the tasks needed to run your home?
25:04 What advice do you have for other couples who struggle with financial disagreements?
33:30 Changing gears for a moment, can you share a bit about your upcoming book Feel Good Finance?
37:00 How can couples with two different money stories work through their differences?
42:08 What is one piece of simple and actionable advice you can share with our listeners?
Order or Preorder Aja’s book, Feel Good Finance: Untangle Your Relationship with Money for Better Mental, Emotional, and Financial Well-Being: https://www.penguinrandomhouse.com/books/759700/feel-good-finance-by-aja-evans/

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Next Episode

Why Prices are Higher: Just the Facts!

The great news is that Inflation is back to 2-3%, but the prices for some of what we buy remain high. In today’s episode, entitled Why Prices are Higher: Just the Facts!, we address why.
Our guests are Dr. Jennifer Davidson and Mike Raymer.
Dr. Davidson is the President of the Nebraska Council on Economic Education and the Associate Professor of Practice in Economics at the University of Nebraska-Lincoln.
Mike Raymer is the Executive Director of the Georgia Council on Economic Education and a former award winning economics educator.
You will finish the podcast understanding how to spot the nonsense shared on social media and some news outlets so you and your partner can have an informed fact based conversation about inflation, and how you can manage it in your home.
Show Notes
00:00 Introduction
02:40 What is inflation and how is it measured?
06:23 Who is primarily responsible for managing inflation in the United States?
14:04 If inflation is down, why are groceries still expensive?
22:50 What were the contributing factors to the inflation spike post 2020?
29:05 How did the United States manage inflation, relative to the rest of the world?
33:26 The opposite of inflation is deflation. What is worse, a 10% rate of inflation or 10% rate of deflation, and why?
35:53 What are some practical ways couples can manage higher prices?
39:16 What is one piece of simple and actionable advice you want to leave our listeners with as it pertains to higher prices?
Resources
Search article title "Why Prices are Higher: Just the Facts!" at modernhusbands.com for the data points and resources mentioned in the episode.