Today’s episode is the first part of a 2-part series on Budgeting and Tips to stick to it. In this first part, we debunk the myth that budgeting has to be a complicated math game or spreadsheet and we go over two simple ways to create a budget based on your needs and personality. The important thing is to understand how you function and what approach you are most likely to stick to so you can set yourself up for success. We also discuss why budgeting does not have to be a guilt-filled endeavor and can instead be a very empowering way to manage your money and build trust and confidence in yourself. 

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In today's episode, we talk about diversification within your portfolio and the importance of it in a sound investing approach. We first start by discussing the recent falling of Silicon Valley Bank or SVB. What exactly happened to SVB and why should we all have diversification at the forefront of our minds? We take a closer look at "classic" strategies for portfolio allocation and highlight that any chosen allocation should be tailored to you. We also cover why diversification is often a topic when it comes to income sources and why, despite being sound advice, this idea might not be realistic for most people.

Resources mentioned:

Nick Maggiulli's blog Of Dollars And Data:
https://ofdollarsanddata.com/ray-dalio-all-weather-portfolio/

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In today's episode, we discuss an unnerving feeling that might come when you start your financial journey alongside the desire to fast forward to the finish line.
This feeling is called destination anxiety and you might actually experience it in other areas of your life than finances. We all create this "perfect plan" for ourselves: "Working our dream job by 25, buying a house by 27, becoming a millionaire by 30" and when we fail to meet this made up schedule we feel so disappointed in ourselves and start loathing ourselves. This thought pattern that you need to have everything figured out at a certain age is not only damaging to your self-esteem, but can cause you to act out and wreak havoc on your progress, financial or other.
In today's show, we'll discuss what is destination anxiety, how to be aware of it and how to overcome it so you can keep moving forward while also finding joy and serenity in the present.

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One of the cornerstones of personal finance is to spend less than what you earn in order to free up money to invest. To this extent, maximizing your income can be a powerful tool to help you advance in your financial journey.
Asking for a raise can be incredibly intimidating but success and happiness are found outside our comfort zones. In this episode, we discuss how to navigate this intimidating conversation about your compensation, how to prepare for it and negotiation tips to tip the scales in your favor. I also explain why, no matter the outcome, having this difficult conversation can help you gain useful information for your career.

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This week's episode covers some of the most common money fears that we have all experienced in our lives and how to overcome them. Most of our fears are irrational and with a little introspection, reframing and positive affirmations it's actually not this hard to conquer them. We also discuss how research and becoming familiar with the money topic in general are critical for you to gain confidence over time and rid yourself of some insecurities you may have around money. This episode is great for anyone who wants to overcome their mental hurdles and limiting beliefs around money. 

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On today’s episode,  we look into what inflation is and how it can impact us and our finances and morale. Inflation can be stressful and take a toll on our confidence in the future which makes us feel at a loss for solutions. In this episode, I share 3  tips that can help you ease those feelings and mitigate the decline in purchasing power that come with high inflation so you can stay on track with your financial goals and find more satisfaction and peace within your current situation.... even if everything around you is getting more expensive!

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On today’s episode, I discuss 3 key concepts to understand for financial success. From dollar cost-averaging and compound interest to the simple art of patience, understanding these can help propel you forward and accelerate the growth of your finances and set you apart from the herd.
Then, I get into 3 actions you can take today to match these concepts and how to implement them concretely in your life so you can get ahead and set yourself up for financial success. 

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Have you ever felt intimidated at the idea of investing? You are not the only one. In this episode of the series, we go over Investing 101: what type of investments exist, what stocks, bonds, Index Funds and ETFs are, what is the difference between a passive and active approach in investing including why passive is more applicable for 99% of people and also how to overcome the fear of investing and debunk the myth of "the investor".  We also delve into why the passive strategy has been the all-time favorite of everyday millionaires for building wealth.

Well-know resources to check out:

For quotes on securities: https://www.morningstar.com/ ; https://finance.yahoo.com/

Best Total Stock Market Index Funds article: https://www.investopedia.com/articles/markets/101515/4-best-total-market-index-funds.asp

Best S&P 500 Index Funds article:
https://www.investopedia.com/articles/markets/101415/4-best-sp-500-index-funds.asp

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In this week's episode, we are starting the Get Started With Investing series with an episode about Investing Accounts 101: 401ks, IRAs, and Taxable Brokerage Accounts.
I did all the tedious research and share what types of investing accounts exist and their specificities about the contributions, taxes and withdrawals.
I also get into common mistakes to avoid when starting your investment account so your can be confident when setting up your contributions.

Resources mentioned:

- 2023 IRA Deduction Limits - if you are NOT covered by a retirement plan at work
https://www.irs.gov/retirement-plans/2023-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-not-covered-by-a-retirement-plan-at-work

- 2023 IRA Deduction Limits - if you are covered by a retirement plan at work
https://www.irs.gov/retirement-plans/2023-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-covered-by-a-retirement-plan-at-work

- Roth IRAs income thresholds
https://www.nerdwallet.com/article/investing/roth-ira-contribution-limits

- Capital Gains Tax: Rates and Calculator
https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates

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On today’s episode, I discuss 3 crucial steps to start your investing journey and meet your money goals. These are the groundwork so you can start with a clear mind and tunnel vision and reach your objectives.
We talk setting money goals, calculating your net worth and freeing up some money to allocate to your financial goals. We also get into one essential mindset shift at the beginning of every financial journey that can help you steer clear of the temptations of consumerism so you can save and invest your hard-earned dollars for YOUR future self!

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