Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications about investing, retirement planning, and even how to find the best return on investment. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com. Hank has written over 750 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman. Subscribe To Money Q&A If you want to learn more about taking back control of your money please subscribe to Money Q&A’s RSS feed or via email to receive all the latest articles! You can also subscribe to our Free Weekly Newsletter.

What Young Adults Need To Know About Money When Just Starting Out

by Hank Coleman

College graduates and their parents are faced with a daunting challenge of managing their finances on their own, often for the very first time. But, many recent high school and college graduates have a lot of questions.

It stems from not receiving the proper education from our school system and their parents on how to handle money, debt, and investing on their own and not knowing what to do when they are just starting out.

Many have questions such as: How much do I need to save for in an emergency fund? Should I invest in my employer’s 401k retirement plan? Are credit cards the right way to build a credit history in order to help me pay for my first home?

These are many of the financial questions, and there are more, that young people in their 20s and 30s are struggling with and do not know where to turn for the answers when they are just starting out.

Our school systems have done a poor job preparing our children to answer these personal finance questions. We as parents have also done a poor job preparing our children for the daunting tasks of managing their money, investing for retirement, paying down debt, and living the lives they had dreamed of growing up.

What Young Adults Need To Know About Money When Just Starting Out

In this episode of the Money Q&A podcast, “Your Money: Your Choices“, I interview Chris Smith who is a former senior finance executive with Hewlett Packard and the author of the book, “Securing Your Financial Future: Complete Personal Finance for Beginners”. We talk about a wide range of personal finance topics from budget, debt, student loans, credit cards, emergency funds, and everywhere in between. This is a great conversation for both recent high school and college graduates and their parents which tackles the tricky personal finance questions head on. You won’t want to miss it.

Top 3 Simple Reasons Why Your House Is Not Selling

by Hank Coleman

12 Things You Should Know Before Buying A House

Being stuck in a location that you hate or in a house that now holds bad memories can start to ruin your life. If you’ve recently been divorced and are still living in your marital home, or even if the area has become a hotspot for theft, you’ll want to get out as soon as you can.

But how can you do this? You have to understand why your house is not selling. There could be simple things that you can do to fix this.

No doubt you put your house on the market as soon as you could. But, what can you do if months and months later you’re still stuck in the same place after being unable to secure a sale? You are sure to be wondering why your house is not selling.

Why Is My House Not Selling?!?!

Your house is not selling. It has been on the market for months. There aren’t many showings or very few, and offers are not coming in like you had hoped either. Why your house is not selling can be weighing on your mind. Well, now is the time to implement our action plan.

Use more than one estate agent

If you’re struggling to sell with your current estate agent, ditch them and employ the help of a few different ones if you haven’t signed a non-compete agreement with your realtor. It’ll cost you more in fees, but they’ll each be scrambling to beat the competition, and that’s likely to result in a fast sell for you.

Up the advertising

Don’t leave the advertising of your home down to the estate agents. Advertise in your local paper and put up posters on notice boards at schools or supermarkets. Use Facebook and Twitter to let people know you’re selling, and ask friends to share and re-tweet. In short, use your common sense and take advantage of whatever access you have to the eyes and ears of potential buyers in the area.

How To Make Money Investing Like Harvard And Yale’s Endowments

by Hank Coleman

Episode #14 How To Make Money Investing Like Harvard And Yale’s Endowments

Most parents are terrified of the costs of college tuition and room and board fees that they will have to help pay for their children’s education. Every year for decades, the cost of college tuition and fees has increased faster than the rate of inflation in America.

To make matters worse, colleges have enjoyed endowments that have posted gains in their investments that have outpaced the stock market indexes. For a 10 year span from 1998-2008, Yale saw its endowment earn over a 17% annual rate of return on its investments. Harvard’s endowment earned over 15%, and the S&P 500 only returned a little over 7% during the same time span. So, the question becomes…can average investors earn a return like these college endowments? What does it take? Can it be done? Can the average investor learn how to make money investing and earn a return like these college endowments?

How To Make Money Investing Like College Endowments

In this episode of the Money Q&A podcast, “Your Money: Your Choices“, I interview Matthew Tuttle who is a certified financial planner and a partner in the Private Client Group, LLC, a wealth management firm. He is also the author of the book, “How Harvard and Yale Beat the Market: What Individual Investors Can Learn from University Endowments to Help Them Prosper in an Uncertain Market”. It is a great conversation for parents with college bound children and investors looking to get the highest rates of return for their investments like colleges have enjoyed for several decades with their endowments and investments.

Money Conversations Parents Must Have With Their College Freshmen

by Hank Coleman

Episode #13: Money Conversations Parents Must Have With Their College Freshmen College students are graduating with an alarming amount of debt. They are being saddled with not only student loans but loans from family members and credit cards. Part of the trouble stems from our inability as parents to prepare our children for the financial realities that they will face as college freshmen. We are simply not having open and honest communication early enough about our expectations and their expectations as well. Who will pay for what expenses? Will your child have to work part-time to pay for tuition? Will you give him or her a credit card to use? These are all important topics that I discuss in this … Read more

Financial Lessons We Can All Learn Playing Candy Crush Saga

by Hank Coleman

I have a confession to make. I’m addicted to playing Candy Crush Saga. I’ve even gotten my wife hooked too. So, as I’m sitting here waiting for the countdown clock to give me more lives, I can’t help be realize how you can find underlying financial lessons in the game. Like many things in life, there are key take aways that you can find in almost anything that correlates to our lives and our finances. And, the game Candy Crush Saga is no different. There are a lot of financial lessons that can be learned from playing Candy Crush Saga if you stop and think about it. Financial Lessons We Can All Learn From Candy Crush Saga… Patiences Is Definitely … Read more

Interview With Gary Vaynerchuk for Your Money Your Choices Podcast

by Hank Coleman

I am completely stoked to interview Gary Vaynerchuk in this week’s episode for Your Money Your Choices. You don’t have to follow me for very long to know that I’m a huge fan of this incredible entrepreneur. Gary Vaynerchuk is a social media advocate and guru, author, video blogger with his very popular show, “Wine Library TV“, keynote speaker, and much more.

I think that I was first introduced to Gary when I saw the keynote speech that he gave in September 2008 at the Web 2.0 NY conference on YouTube. I don’t remember how I found it, but watching this 15 minute video is incredible. It will pump you up. His book, “Crush It“, is the same. It gets you going. It oozes passion and fire that comes straight from Gary’s heart. You can see it in everything that he does.

If you’ve never seen the Web 2.0 speech, it is an incredible talk and well worth the 15 minutes to watch it (Note – It contains a few cuss words though.). Gary Vaynerchuk’s Web 2.0 NY Keynote Speech – September 2008.

Gary Vaynerchuk took over his parents’ liquor store and turned it into a $50 million company. He parlayed that success into Wine Library TV, early investment in social media sites like Twitter and others, signed a multi-million dollar book deal for 10 books (#3 comes out this November), and now he runs VaynerMedia with his brother. VaynerMedia is a consulting firm that helps Fortune 500 companies like GE, PepsiCo, the NY Jets, and others with their social media and building digital brands.

What It Takes To Get Through Burning Out

In this episode of Your Money Your Choices, I interview Gary Vaynerchuk who is one of the preeminent entrepreneurs, authors, video bloggers, and business owners in America. In our interview, I asked Gary about taking back control of your finances with side hustles in addition to your day job. When I interview Gary Vaynerchuk, I asked him about using a side hustle and entrepreneurship as a way to start living the life that you ultimately want which he talks about in the Web 2.0 speech and his books like Crush It.

I also pick his brain about hitting the preverbal wall and burning out. Gary discussed with me what it takes to get through burning out and how to break through the preverbal wall when you hit it. You’ll definitely want to check out this great interview on the podcast this week as we talk about why it is still important to hustle today, the social media platforms that you should be on, and why 7 pm to 2 am can be the most productive time of your life as an entrepreneur.

As a nationally recognized speaker and author about taking social media and business to the next level, Gary Vaynerchuk has written the books: “Crush It“, “The Thank You Economy”, and his most recent book, “Jab, Jab, Jab, Right Hook“, is due out this November. You won’t want to miss this great conversation with my biggest interview yet.

Interview With Phil Orbanes Author of “Monopoly, Money, and You”

Additionally, I talk to Phil Orbanes who is a former Senior Vice President of research and development at Parker Brothers and has written the book, “Monopoly, Money, and You: How To Profit from the Game’s Secrets of Success“.

Have you ever wanted to learn how to win your favorite board game from childhood? Have you ever been curious about the life and financial lessons that the game teaches us at a young age? If you’re a Monopoly fan like me, you’ll love the conversation that I have with Phil Orbanes about the game, his book, and the financial lessons we can all pull out of them.