Imagine being 24-years-old and realizing that your debt is sucking the joy right out of your life. In fact, it's suffocating you. This is Rachel Pedersen's story, and it might be yours. A new college grad, Rachel was enjoying having the income of "a real job" and was trying to build her credit. But before she knew it, she added up her student loans and credit card debt and was horrified that it equaled $40,000.

In this episode, Rachel shares her story of going from being saddled by debt to achieving fiscal freedom.  Along the way, she learned some valuable insights and developed a passion for helping others manage their money. Now a small business owner and financial advisor, Rachel offers us some great practical advice, as well as some hope and inspiration for any one out there who is intimidated or frustrated by their financial situation.

Guest:
Rachel Pedersen is passionate about helping others, especially in the realm of personal finances. After completing Dave Ramsey's Financial Peace University course in 2016, she set out to conquer her $40K debt and did just that in May of 2019. Since then, she has launched Three Pennies to share her knowledge and help others take control of their life by building good habits and becoming fiscally healthy.

Connect with Rachel at https://www.three-pennies.com/about
Rachelnpedersen on Instagram

SHOW NOTES
5:00 Our guest Rachel Pedersen explains how this podcast is a dream come true for her.

7:30 Did you keep track of your student loan debt or did you have a sticker shock moment like this one?

9:45 Hear how Rachel stumbled on to the $90 investment that changed her life forever.

14:00 Does the word BUDGET scare you? You're not alone, but listen to these tips to make it less intimidating.

16:00 Hear how Robin's experience of growing up in poverty has shaped the way she thinks about money.

17:30 Were you taught about managing money? If not, did we as women miss these lessons because we weren't interested or because of gender roles?

22:00 Listen to Rachel (Leigh) as she shares how she thought her life would look versus the independent life she's living now.

25:30 Learn how the 80/20 rule simplifies the complex world of personal finances.

27:00 How do we learn to have freedom in what we have versus in what we want?

30:30 How do you know when it's time to draw the line and change your relationship with money?

35:00 Is money a big deal in marriage? Hear how $10,000 changed Robin's marriage forever.

37:30 Find out what item Robin and her husband Tom consistently argue about buying.

38:15 After creating an emergency fund is complete, listen to what Rachel says to do next the app she suggests to help you do it.

41:30 Ready to take the next step? Here's how Rachel can help.

Want to connect with Robin and Rachel?
Find them on Instagram here:
https://instagram.com/theproblemwithperfect?igshid=9jvum57yip6l

Interested in reading Robin's blog post about breathing and why it was her word for 2019: https://bat-recorder-sznx.squarespace.com/config/

Interested in having Robin speak at your next event? Connect with her on Facebook at Robin May Ministries
https://www.facebook.com/2330042033706535/posts/2871699789540754?sfns=mo
or on Instagram at:  https://ww.instagram.com/p/B3lFRS8HELd/

Connect with Rachel and her life at the loft:
https://instagram.com/rachel__leigh__?igs