The only thing harder than getting a coin is keeping a coin, especially when the cost of education, affordable housing and good avocado toast just keep rising! Join Syd and Special Guest, Kevin L. Matthews II, for a Sugar Free discussion about finances, 401(k)’s, Investing and building generational wealth.

Kevin Matthews is a former Top 100 financial advisor (as named by Investopedia) and founder of @BuildingBread, a financial education consultancy designed to educate and advise both organizations and Individuals on the basics of financial literacy, investing and retirement  planning. He has managed over $140mm during his financial advising career and is author of the best-selling book— Starting Point: How to Create Wealth that Lasts. For more information on Kevin, visit

ENROLL IN A COURSE: Ready to start investing but don’t know where to start? Take one of Kevin’s AMAZING financial literacy and investing courses by clicking this link:

Show Notes

I read an article recently that stated 60% of Millenials making over $60,000 live paycheck to paycheck. What factors/obstacles are keeping us from financial stability?

  • Inflation is outpacing earnings
  • Cost of living is too high
  • College tuition is too high
  • Childcare is expensive

How much of your current salary should you be saving for retirement?

  • 12-15% including any matching or contributions provided by your current employer. However, you can work up to that gradually if you’re not ready to put a full 12
  • The goal for a comfortable retirement should be to save at least $2.1 million or 25x your current salary for retirement. Start NOW.

Is $100k still THE marker for financial stability?

  • It depends on your location. One hundred thousand dollars may be enough if you live in Oklahoma, maybe not if you live in New York.
  • Generally the marker for annual earnings is probably closer to $125,000 for financial stability but may go up or down depending on location
  • You should be striving to have a solid structure and plan in place to achieve financial stability. The plan should include paying your bills, emergency savings, investing and saving for retirement.

How much do children cost?

  • The average cost for caring for one child is $300k-$400k from age 0-18 years old, but you don’t need all of that on day one.

What tools do you recommend for new investors?

  • Public – a social media app for investing

Best advice for saving and investing

  • Start now and be consistent
  • The key to investing is time and consistency. Small amounts add up to sizeable amounts over time.
  • You can save and invest no matter how much you’re making. If you had put $100/mo in Google stock from 2012-present, you would have $74k now. It’s okay to start small.

Hosts & Guests

Sydnee Mack (Host)

Kevin Matthews (Guest)


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