You may know Philip Olson (and his wife Julia Lorenz-Olson) for their quirky, fun web series Two Cents, a weekly personal finance show on PBS aimed at millennials and Gen Z. Philip and Julia also founded The Art of Finance, an Austin-based financial services firm that helps clients in the creative industry. Listen to how Philip and Julia manage their own money and home together.
Show Notes
- 0:00~1:00 Introduction
- 1:00~2:00 Two Cents introduction
- 4:00~6:00 Philip’s family dynamics
- 6:00~7:45 Benefits of couples therapy
- 7:45~9:11 The need for a mental health paradigm shift
- 9:11~12:00 Equal division of labor in the home
- 12:00~12:15 Communication is key
- 12:15~15:30 It’s okay to not always be the breadwinner
- 15:30~17:30 Fiduciary Standard and it’s importance
- 17:30~21:45 Specific examples of the importance of fiduciary standards
- 21:45~23:00 Key takeaway for consumers
- 23:00~26:00 Part 1: How Philip and his wife manage money together; YNAB (app)
- 26:01~28:00 Part 2: How Philip and his wife manage money together; Be partners and talk about finances with your spouse
- 28:00~30:00 Tips for listeners to manage money with their spouses; Monthly budget committee meetings
- 30:00~33:00 Key takeaway
- 33:00~34:30 Conclusion
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