All Ships Rising

#20 - Money Talks with Allison Bishop Part 2


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Subject Points:

0-2:00 Intro.

2:00 Making a plan to save up for a downpayment

4:00 Expense factors when owning – mortgage, taxes, insurance, utilities, repairs, expenses to move, and down payment

  • Factoring 1% of the building's cost for yearly repairs

6:00 Upfront costs – ideally at least 5%+ as a downpayment

8:00 Making decisions ahead of time about where any extra or unexpected money will be deposited

9:00 Reference to Cynthia Veroneau (season 1)

10:00 Fear & Shame are the two biggest emotions around money

11:00 Security is an emotion! And the majority of women are looking to feel secure in their finances.

12:30 Ignoring finance problems only makes them worse.

14:00 Social media's echo chamber

16:00 Allison's Hot Tips and recommendations

19:30 The Expert's Tip – "I squirrel away money."

22:00 Summary

Resources Mentioned:

https://allshipsrising.com/

Allison's Workshops!!

Allison's Recommendations:

Calculator

Podcasts – "Jill On Money" & "Her Money"

Books – "Smart Women Finish Rich" & "The Millionaire Nextdoor"

High Yield Savings account recommendation:

WealthFront – 5.00-5.50%!

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All Ships RisingBy Jewel Rechsteiner