What does it really look like to build wealth as a couple, especially when both partners already have demanding careers, limited bandwidth, and different risk tolerances?

In this Toolkit Series episode of The New Modern Mom Podcast, host Barbara Mighdoll sits down with her husband, Jason Mighdoll, the CFO of both New Modern Mom and MNTStudio, for a candid conversation about how to diversify your income and invest intentionally as a team. Together, they unpack what it takes to move from talking about money to taking action and how to find investment strategies that fit your lifestyle.

Barbara and Jason have lived this conversation, from early “money dates” to real-world experiments with stocks, real estate, and eventually acquiring a business together. They pull back the curtain on the decisions, trade-offs, and lessons that helped them build a portfolio that reflects both their financial goals and their shared passions.

Whether you’re in the “what’s next?” phase of your money journey or trying to align with your partner on the next smart move, this episode will help you figure out how to diversify with purpose and make financial growth a family strategy, not just a solo mission.

What you’ll learn:

💡 How to identify your income mix and risk tolerance – Why the first step in any couple’s investment plan is understanding disposable income, expenses, and comfort with risk before deciding where to invest.

💼 Different ways to diversify your income – From side gigs and freelancing to passive investments, real-estate strategies, and small-business ownership, Barbara and Jason break down each option by effort, risk, and reward.

🏠 The realities of “passive” investing – Lessons from owning an Airbnb in Tahoe, including the myth of true passivity, how to vet property managers, and what it actually takes to manage a profitable rental.

🏋️‍♀️ Turning passion into profit – How acquiring their first Pilates studio reshaped their view of “active investments,” the importance of finding complementary skills with your partner, and the questions to ask before buying a business.

🧰 Your second Money Date toolkit – The step-by-step framework to move from planning to action: assessing your safety net, defining roles (CFO vs COO of the household), researching opportunities, and educating each other before investing.

Resources:

BiggerPockets - A podcast that features candid interviews with real estate investors, data-driven market insights, and actionable strategies to help you build wealth through property investing.
The Real Estate Guys Radio Show - A podcast that offers expert interviews and data-driven strategy for building wealth through real-estate investing.
BizBuySell - The leading online marketplace to research, buy, or sell small businesses with detailed financial listings and valuation data.

This episode is perfect for moms searching for:

→ How to start investing as a couple without feeling overwhelmed

→ Marriage and money conversations that actually work in real life

→ Creating a family investment strategy that fits your lifestyle and bandwidth

→ What to talk about on a money date so it leads to action, not just ideas

→ How to diversify your income streams beyond your 9–5

→ Building generational wealth with your spouse, even if you have different risk tolerances

→ Passive income ideas for working parents who don’t have extra time

→ How to buy a small business together and make it a family legacy

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Follow Jason Mighdoll:

On LinkedIn here

About New Modern Mom: You know the dream of having it all – a thriving career, an active social life, present time with your kids, and adventures in travel. But how the F can we actually do it all? Host Barbara Mighdoll chats with other working mom executives on the raw truth behind their support systems, self-identity shifts, productivity, infertility and pregnancy loss, mom guilt, partner dynamics, childcare and even imposter syndrome. We’re exploring how these incredible women are translating their professional superpowers into their personal lives. Because we believe you can have it all, you just cannot do it all. Together, we’re building the playbook for the new modern mom.

The New Modern Mom Podcast is produced by Barbara Mighdoll, Ali Alquiza, and Em Roberts.