Your Money Call

Hosted by Diane King Hall

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Dec 2024

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About the show

Your Money Call with DK Hall is brought to you by award-winning on air host Diane King Hall. Join Diane in your Money Call as she helps take the mystery out of money, shares savvy personal finance tips and explores the financial matters that impact your life. From budgeting hacks to boosting your credit - every episode brings you one step closer to financial freedom. She shares how she went from a subprime credit score to 800+, plus her debt-defeating strategies, and budgeting in boom and bust. Tune in weekly. New episodes drop on Wednesdays. *This podcast is for educational purposes only.

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34 recent

December 24, 2024Episode 3522 min

Ep 35 - Year End Reflections & Road Ahead

In this episode of "Your Money Call', host Diane King Hall reflects on the financial year, sharing personal insights and lessons learned. She discusses the importance of budgeting, saving, and investing, while also addressing debt management and insurance considerations. As the year comes to a close, Diane emphasizes the need for preparation for 2025, encouraging listeners to assess their financial situations and set goals for the new year. Takeaways The S&P 500 performed better than expected this year. Budgeting involves both offense (earning) and defense (spending). Pay off consumer debt as a priority in 2025. Investing is crucial for building wealth, not just saving. Additional Notes: *This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney. * You can follow podcast host Diane King Hall @dianekinghall on all social channels.

November 7, 2024Episode 3319 min

Ep 33 - The US Presidential Election & Your Money

In this episode of 'Your Money Call', Diane King Hall discusses Wall Street records, emphasizing the importance of investing and the compounding effect of time. She explores how political changes, particularly the recent US presidential election, may impact financial strategies, including tax cuts and tariffs. Additionally, she provides practical advice on budgeting for the holiday season, encouraging listeners to prepare financially for upcoming expenses. Takeaways Historical data shows the S&P 500 has averaged over 10% returns. Market fluctuations are normal; patience is key. Budgeting is essential, especially during the holiday season. Tax cuts and tariffs can significantly impact personal finances. Controlling your budget can help manage holiday spending. Impulse buys can derail financial plans; be cautious. Additional Notes: *This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney. * You can follow podcast host Diane King Hall @dianekinghall on all social channels.

October 25, 2024Episode 3214 min

Ep 32 - Making Money Less Taboo

In this episode of Your Money Call, host Diane King-Hall discusses the importance of financial planning, highlighting recent surveys that reveal a decline in engagement among Americans. She emphasizes the need for accountability and transparency in financial discussions, as well as the significance of healthcare planning during open enrollment season. The episode aims to empower listeners to take control of their personal finances and encourages them to set clear financial goals. Takeaways Money remains a taboo topic, making discussions about it challenging. Accountability can significantly increase the chances of achieving financial goals. Understanding your 'why' can motivate better financial habits. Transparency in financial discussions can help normalize situations. Additional Notes: *This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney. * You can follow podcast host Diane King Hall @dianekinghall on all social channels.

October 3, 2024Episode 3122 min

Ep 31 - Master Money Reset

In this episode of Your Money Call, Diane King Hall discusses the importance of resetting financial goals as the year winds down. She emphasizes getting back on track with budgeting, accountability, and exploring side hustles in the current job market. Additionally, she highlights the retirement savings situation for Gen X. According to Fidelity Gen X has $182,100 in retirement savings. That is not enough. Diane encourages listeners to take proactive steps in managing their finances, like a no spend week, and taking on additional income producing opportunities. Takeaways October is a strategic month for budgeting and resetting finances. Appointment accountability increases the odds of reaching financial goals by 95%. Consider a no spend week to save money effectively. Changing jobs can lead to higher salary increases. Retirement savings for Gen X average $182,100, which may not be enough. Additional Notes: *This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney. * You can follow podcast host Diane King Hall @dianekinghall on all social channels.

September 9, 2024Episode 3023 min

EP 30 - Tackling Financial Regret

In this episode of Your Money Call, Diane King Hall discusses the latest look at the job market, financial regrets and provides tips for managing personal finances through the end of the year. The job market data shows that hiring is still happening, but it is harder to find a job due to fewer opportunities. The economy added 142,000 jobs in August, but there were pockets of weakness, such as underemployment. The biggest job growth was in education, healthcare, and leisure and hospitality. Diane also dives into a survey on financial regrets. The biggest regret for Americans is not saving early enough for retirement. Can you guess the 2nd biggest regret? Tune in for motivation on tackling your financial regrets. Additional Notes: *This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney. * You can follow podcast host Diane King Hall @dianekinghall on all social channels.

August 22, 2024Episode 2928 min

EP 29 - Is Being Rich Better Than Being Liked?

Diane King Hall sits down with Farnoosh Torabi, host of the So Money podcast and author of the book 'A Healthy State of Panic.' Torabi shares her origin story and what sparked her personal finance journey. She discusses the financial challenges faced by immigrants and the need for open conversations about money. Farnoosh emphasizes the importance of embracing fear and using it as a tool for personal and financial growth. She also highlights the shift in investment strategies, moving towards passive investing and long-term wealth accumulation. Farnoosh encourages women to be proactive with their money, negotiate for higher salaries, and prioritize saving and investing. She advises aspiring entrepreneurs to start small, leverage their skills, and use technology to their advantage. Lastly, Farnoosh emphasizes the value of trusting your fears and using them as a guide in decision-making. Takeaways Open conversations about money are important, especially for immigrants and those facing financial challenges. Embrace fear and use it as a tool for personal and financial growth. Women should be proactive with their money, negotiate for higher salaries, and prioritize saving and investing. Start small, leverage skills, and use technology to your advantage when starting a business. Trust your fears and use them as a guide in decision-making. Additional Notes: *This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney. * You can follow podcast host Diane King Hall @dianekinghall on all social channels.

August 15, 2024Episode 2824 min

Ep 28 - How to Beat Inflation

In this episode of Your Money Call, Diane King Hall discusses the latest data on inflation and how individuals can beat it in the future. She explains the consumer price index (CPI) and its relationship to the cost of living. The data shows that inflation is moving in the right direction, with prices rising on a monthly basis by just two tenths of a percent. However, the cost of shelter, including owning and renting a home, rose four tenths of a percent, making up a significant portion of the overall increase. Diane also discusses the potential impact of an expected interest rate cut from the Federal Reserve on credit card debt and mortgage rates. She emphasizes the importance of saving and investing for the future to beat inflation and avoid relying solely on Social Security in retirement. Takeaways Inflation is moving in the right direction, with prices rising on a monthly basis by just two tenths of a percent. The cost of shelter, including owning and renting a home, rose four tenths of a percent, making up a significant portion of the overall increase. The Federal Reserve's interest rate cuts can potentially make credit card debt and mortgage rates less expensive. Saving and investing for the future is crucial to beat inflation and avoid relying solely on Social Security in retirement. Additional Notes: *This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney. * You can follow podcast host Diane King Hall @dianekinghall on all social channels.

August 3, 2024Episode 2725 min

EP 27: What Happened to the Stock Market?

In this episode of Your Money Call, Diane King-Hall discusses the steep stock slide, recent economic data, budgeting tips, and retirement savings. She explains how job gains in the labor market are slowing, which rattled Wall Street. She also highlights conflicting signs in the economy, such as positive GDP growth but weaker data points in manufacturing. King Hall emphasizes the importance of budgeting and offers tips on creating a budget, including using the 50-30-20 rule. She also discusses retirement savings and encourages listeners to contribute to their 401(k) or IRA, even if they are paying off debt. Takeaways Job gains in the labor market are slowing, which caused concern on Wall Street. Conflicting signs in the economy include positive GDP growth but weaker data points in manufacturing. Creating a budget is essential, and the 50-30-20 rule can be a helpful guideline. *This podcast is for educational and informational purposes. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney.

July 26, 2024Episode 2621 min

Ep 26: A Chance Encounter with Wall Street Trapper

In this episode of Your Money Call, Diane King Hall discusses fresh economic data and consumerism. She starts by sharing about her meeting "Wall Street Trapper" and his passion for teaching financial literacy via the stock market. She then dives into the economic data, highlighting the better-than-expected GDP growth in the second quarter and the significance of consumer spending to the US economy. She also discusses a survey on how much time Americans spend online shopping and the focus on deals. King Hall emphasizes the need for balance between spending and saving, and shares her personal experience with budgeting and necessary expenses. She concludes by recommending budgeting apps and reminding listeners to open a high-yield savings account. Takeaways: GDP growth in the second quarter was better than expected Consumer spending is important for the US economy Balancing spending and saving is crucial Budgeting apps like EveryDollar and Rocket Money can help with financial management Additional Notes: * You can follow podcast host Diane King Hall @dianekinghall on all social channels. *This podcast is for educational and informational purposes only. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney.

July 18, 2024Episode 2528 min

Ep 25: Where to Get an Extra $1000 and How to Handle Big Shopping Events

In this episode of Your Money Call, Diane King Hall discusses her experience with Prime Day and offers tips on how to navigate big shopping events. She also provides insights on recent economic data on inflation and shares information on how to get an extra thousand dollars for emergencies. The episode emphasizes the importance of making a list, setting a budget, and comparison shopping during sales events. It also highlights the need for financial planning and saving for emergencies. Takeaways: Make a list and set a budget before shopping during sales events like Prime Day Comparison shopping can help you find the best deals Recent economic data shows a slower increase in inflation Having emergency savings is crucial for unexpected expenses Tapping into retirement accounts for emergencies is now more flexible Additional Notes: * You can follow podcast host Diane King Hall @dianekinghall on all social channels. *This podcast is for educational and informational purposes only. The content is not intended to be a substitute for financial or legal advice from your own financial advisor, accountant or attorney.