In this Part 2 episode, Robin continues her conversation about the importance of developing a money mindset in our lives; especially before, during and after our coming out late journeys. Together Robin and Sabrina, another late bloomer themselves, share their own beginner’s knowledge and personal experiences, not from any kind of ‘expert’ stance. Whether you are in a contractual relationship, a marriage, partnered or non-partnered, it is critical that we late bloomers have a sense of money matters, know our financial rights and have a better understanding of our financial position in our world.

In this episode you will learn… 

• What IS a “Money Mindset”? And how/why does that affect YOU?
• Three steps in budgeting: (1) try to save 10% of your income, (2) know what your monthly fixed expenses are and try to keep them at 50-60% of your income, and (3) put aside about 30% for “spending” or your “fun money”.
• You can only cut-back your expenses so much, but, can you renegotiate your big, big fixed expenses, (i.e., auto insurance, homeowners insurance, your mortgage to a lower interest rate, rent, etc.); the next question is, can you increase your income at all?
• Whether you’re a stay-at-home mom, work part time, or even full time, know what value you bring to your marriage and be willing to fight for your value!
• Know what the rental market is in your area and determine what your income needs to be in order to move out and live on your own.
• If neither you and/or your spouse cannot afford to move out, then you both need to ask the question, “...how can we meet our needs within the marriage. Are you ok with me seeing someone else and you seeing someone else…?” (a.k.a., ethical non-monogamy).
• Whether or not you stay in the marriage, there will always be trade-offs. The questions are: What are you financially able to trade-off? And, what are you comfortable trading-off?
• Wanna support our “Coming Out Late” podcast? Then please consider buying Robin a “virtual” coffee as a sign of your appreciation. Simply go to:https://www.buymeacoffee.com/RobinDouglass

LINKS to RESOURCES:

SUPPORT GROUPS:

MESSY MIDDLE MONDAYS: EVERY Monday, 75 mins; 8pm EST, Zoom, $10 pp each week via Buy Me A Coffee. Register each week using this link: https://www.buymeacoffee.com/RobinDouglass/e/165736

THE GENDER EXPANSIVE EDITION: EVERY Tuesday, 75 mins; 8pm EST, Zoom, $10 pp each week via Buy Me A Coffee. Register each week using this link: https://buymeacoffee.com/robindouglass/e/253374

NOT-STRAIGHT SUPPORT GROUP: EVERY Wednesday, 75 mins; 12:30pm EST, Zoom, $10pp each week via Buy Me A Coffee. Register each week using this link: https://www.buymeacoffee.com/RobinDouglass/e/93135

2025 COMING OUT LATE RETREATS:

To be put on the email list for these retreats, email Robin: [email protected].

-PORTLAND, ME: June 19-22, 2025 - ONE SPOT STILL REMAINING

-PHILADELPHIA, PA: July 25-27

-GRAND JUNCTION, CO: Sept. 4-7