In this week’s episode, our guest is Rachael Burns. She is a certified financial planner and a certified divorce financial analyst. She helps women navigate the financial intricacies of divorce and widowhood. Rachel is the proprietor and financial planner at True Worth Financial Planning. She joined us today to share her wisdom about the financial implication of getting a divorce and some things women need to keep in mind before entering that phase, especially business owners.

[04.47] Repeating mistakes – Starting the conversation, Rachael explains some of the common mistakes women make when going through a divorce.

[15.51] Community property states – Rachael explains community property.

[25.37] Common misconception – We go through the common misconceptions people have regarding getting financial advice from their attorney and why the advice is better when everyone stays in their lane.

[38.07] Focusing on women – Rachael shares why she was focused on women in general instead of newly single women at first.

[45.34] Stable income – We dive into how easy it is to go through starting a new business if your partner has a stable income because doing startups means taking risks.

[50.50] Needs of the client – Rachael walks us through how her profession can make sure to fulfill the needs of her clients herself instead of being limited to tools when working for another big firm.

Resources

Connect with Rachael:

LinkedIn - linkedin.com/in/rachaelvburns/

Website -   trueworthfp.com/

xyplanningnetwork.com/