Love, your Money - Wealth, Money, and Financial Advisor for Women

In this episode, we’re talking about investing in what is probably the freakiest time period we’ve ever lived through. The markets are just as wild as life right now, and you need to be educated and have a solid investment philosophy you will abide by to avoid getting off-track.

The market has been massively positive for owners of US large stocks. The market has not only recovered the 35% lost in March, but gained another 10 to 15%, and has become massively volatile. It’s easy to get emotional, to be ruled by hindsight bias, and to overthink bad decisions.

So, are you ready to create a solid plan, put it into place, and give yourself at least a little more peace of mind, even in difficult times? If so, tune into Profit Boss® Radio today!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• Why the markets are so volatile right now - and how 12 companies are propping up the rest of the S&P 500.
• Why you should still feel good about making the right choices, even when they have bad outcomes. 
• The massive misunderstanding that people have when it comes to their investments. 
• The difference between traditional active and evidence-based investing - and why it’s so important to be diversified right now.

Show Notes

To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/170.

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Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this episode of Profit Boss® Radio, we’re providing you with a proven guide to move forward and make power moves in your career.

With all the uncertainty and unrest in the world, and the changes people are making in their lives, whether out of necessity or by choice, now is a perfect time to make big changes. However, even though women make up 50% or more of the workforce and the workforce is less defined than ever before, there are still so few great resources on this topic.

Lauren McGoodwin, is an author, speaker, colleague, and friend. She’s the founder and CEO of Career Contessa, where she provides career development resources for women who are job searching, soul searching, leading, managing, or trying to find new ways to advance within their careers.

Today, Lauren joins the podcast to ditch the platitudes and talk about what it truly means to build a career that grows and changes with you, the unique challenges that women face when it comes to finding fulfilling work, and how to start making moves, big and small, to bring your life and career into alignment with what you really want.

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• The difference between “finding your purpose” and “finding your passion” (and which one Hilary absolutely hates!) - and what it really means to build a multi-dimensional career that grows with you and your interests.

• Why many women find it so hard to find careers that they really love - and what Lauren learned from her extensive research in this field.

• Why any move made proactively and with intention can be a power move - and why so many of the most successful and fulfilled women make intentional moves every day at a micro and macro level.

• Why a power move doesn’t need to be dramatic or life-changing - and can be something as simple as asking for a mental health day, asking to sit in on a project, setting new boundaries, or learning a new skill.

• The big lessons Lauren learned from launching Career Contessa in 2013.

Free Gift (limited supply)

Find out how you can get a free copy of Power Moves: How Women Can Pivot, Reboot, and Build a Career of Purpose. Visit HilaryHendershott.com/169 for all the details. 

Show Notes

To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/169.

Follow Hilary on:

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LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio

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Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this episode, we’re bringing those of you who may be suffering financially a ray of hope.

When more than a million dollars disappears from your business - and, subsequently, your net worth - how do you find the courage and resilience to begin the emotional and financial journey to recovery?

Today’s guest is Ivy Slater. Ivy is an entrepreneur, best-selling author, speaker, podcaster, and certified business coach. Before she founded Slater Success, she operated a successful printing business for over 20 years in New York City.

Ivy had to learn hard financial lessons when she and her husband discovered a massive financial tragedy had occurred. She and her husband had to find a way to deal with their grief and anger while navigating an unrelenting set of financial commitments. While their story isn’t without missteps, ultimately they’ve set their recovery in motion in a way they can now be proud of.

If you find yourself at a financial crossroads, making virtuous and productive choices can feel futile, after all, the bank balances don’t rise automatically or immediately. Rewinding the clock on your financial planning by 20 years takes gumption, and it takes time to see the results of your hard work. Ivy’s is another of the stories we highlight on Profit Boss® Radio to show you that it does make a difference to make the right moves and start planning and building.

Today, I’m sharing parts of my conversation with Ivy about the intimate, difficult, and emotional process of losing everything and starting over - and how she and her husband exemplified my 7 Steps to Wealth framework as they courageously rebuilt their lives, survived serious financial trauma, and stayed together as a family.

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• What happened when Ivy and her husband discovered that over a million dollars went missing - and how they created an action plan to start rebuilding.
• How Ivy talked to her kids about their serious money problems - and how she paid to put two kids through college, including one year where she needed to cover $100,000 in tuition expenses!
• Why accepting responsibility and committing to each other helped keep Ivy’s marriage alive at the toughest times.
• How navigating this loss helped Ivy prioritize herself, become a better leader, find joy, and pay it forward.

Wealth Multiplier Course - The Doors Open In September!
Learn how to feel empowered with financial confidence so that you can achieve more than you ever thought was possible! Visit HilaryHendershott.com/168 for all the details!

Show Notes

To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/168.

Follow Hilary on:

Twitter
LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio

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Overcast

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this episode, we’re talking about overcoming inner barriers.

If you “get in our own way” or self-sabotage, it’s not always on you. For centuries, women have been put into positions that force us to play it small and fail to get in touch with our true desires. When it comes to money, having our own income or a life of financial independence was out of the question until just decades ago. We’ve made huge strides, but we still have so much to work through.

Today, I’m joined by Dr. Valerie Rein. Valerie has worked with hundreds of high-achieving women and discovered that the issues they struggle with aren’t just personal. They’re rooted in ancestral and collective trauma experienced for millennia, and she calls the results of this trauma, which affects both men and women, Patriarchy Stress Disorder (PSD). Since her own stress experience, which you’ll hear about in today’s episode, she’s dedicated her career to helping her clients resolve their traumas and live the lives they desire and deserve.

So, if you’re wondering what’s holding you back and how to start making changes in your personal and financial life, today’s episode of Profit Boss® Radio is for you.

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• How professional success - and extreme stress - helped Valerie discover the barriers holding her back and triggered her “PSD awakening.”
• Why Valerie’s definition of patriarchy doesn’t refer to “men,” but to a system of inequality and oppression - and how PSD affects men as well.
• How our bodies’ survival programming kicks in and goes into overdrive to stop us from taking risks - and why so many women are biologically afraid that wealth and power will be seen as unsexy.
• Stories from Valerie’s work about how unraveling PSD in her patients naturally leads them to increased revenue.

Show Notes

To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/167.

Follow Hilary on:

Twitter
LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio

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Google Podcasts

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this episode, we’re talking about earning money.

If you’re going to build wealth and attain financial independence, you have to earn that coin. Many of you have seen your income dry up in the wake of the coronavirus pandemic, and many more of you are probably reconsidering what’s most important right now.

Fortunately, this is also a time of reinvention. Many people are discovering how to use their gifts, talents, and skills in new ways, finding new opportunities, and turning the tough challenges they’re facing into powerful businesses.

Today, I’m joined by Natalie Sisson. She’s an author, a speaker, and the host of the Untapped Podcast. Natalie ditched her successful corporate career and turned her knowledge into eight different revenue streams. Now, she helps others leverage their unique skills and experience to earn a living and make an impact from anywhere just by being themselves.

So, if you’re looking to make a big change in your life - and do it profitably, check out today’s episode of Profit Boss® Radio!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• Why Natalie walked away from her corporate career, and how her blog became a vehicle for a new business and life as a digital nomad.
• How to consciously curate your freedom as you build a business on your terms.
• How car, plane, and train rides can serve as powerful sessions for focused work - and why travel can make you a sharper entrepreneur.
• The real reason blogging and podcasting aren’t oversaturated - and the power of finding your niche.
• The first steps to take as you begin to monetize yourself.
  

Show Notes

To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/166.

Follow Hilary on:

Twitter
LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio
Apple Podcasts
Overcast
Spotify
Stitcher
Google Podcasts

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this episode, we’re talking about how to deal with dementia in our families and in our lives.

Dementia is an unfortunate topic that touches many of our lives. When a parent starts to show symptoms of memory loss or erratic behavior, you need to have plans in place, to be able to have difficult conversations, and to be able to take action without getting overwhelmed.

However, with the right preparation, you can take a compassionate approach to your parents’ care without straining your relationship or becoming exhausted - and you can take actionable steps right now to know the red flags, warning signs, and even determine if something is a medical issue and not dementia at all.

Today, I’m joined by Kay Bransford. She’s the author of the award-winning blog Dealing With Dementia and creator of the MemoryBanc system, which has been named as a must-have in AARP’s Brain Healthy Gift Guide. She has also appeared on The Dr. Oz Show to talk about her work.

So, if you want to know what to look out for, as well as how to prepare for the worst, check out today’s episode of Profit Boss® Radio!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• How Kay discovered that she needed lots of information to implement her parents’ plans once they developed forms of dementia - and why it took over half a decade of erratic behavior before they were diagnosed.
• How children can deal with parents who reject assistance – and how to take action without embarrassing or belittling them.
• Why certain medicines can trigger dementia-like symptoms - and the red flags you should bring up with a doctor if you notice.
• What people with dementia really need, how to prepare to be a caregiver, and how to tell if you absolutely can’t – or shouldn’t – be a caregiver.
• Why it’s so hard to determine when someone has to leave their home and be in full-time care.

Show Notes

To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/165.

Follow Hilary on:

Twitter
LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio
Apple Podcasts
Overcast
Spotify
Stitcher
Google Podcasts

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this episode, we’re exploring the unexpected ways that aging affects our happiness.

If you do a Google search for the word “midlife,” you’ll instantly be greeted by the autofilled word “crisis.” It’s a time when almost everyone asks themselves, “Is this all there is?” and finds themselves facing new challenges, both internally and externally.

However, as you’ll hear from my guest today, midlife is also an extraordinary time. It’s a time of lasting friendships, of greater confidence, and of having the wisdom to do remarkable things. With a deeper understanding of where all the negative tropes around midlife come from, you can find happiness not just in it, but in the decades to come.

Today, I’m joined by Nancy Davis Kho. She’s the host of the Midlife Mixtape podcast and the author of The Thank-You Project: Cultivating Happiness One Letter of Gratitude at a Time, who is here to share what she learned from her own pursuit of happiness.

So, if you’re ready to bust the myths about middle age and better understand what happiness is really all about, this episode is for you. Tune in to Profit Boss® Radio today!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• Why midlife - the period between 30 and 60 - is a really great phase of life to be in.
• What the happiness curve is, why it’s consistent across species, and how it forecasts our ability to become happier as we age.
• How to measure success as we get older - and how this moment in history is giving so many people perspective.
• How Nancy cultivated gratitude at a challenging time in her life - and why choosing to not madly pursue happiness actually makes us happier.

Show Notes

To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/164.

Follow Hilary on:

Twitter
LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio
Apple Podcasts
Overcast
Spotify
Stitcher
Google Podcasts

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this episode, we’re talking about retirement, insurance, and what you can do right now to prepare for the costs of healthcare as you get older.

Healthcare in retirement can be very confusing. And if your employer has chosen your health benefits for the majority of your life, you’re probably not prepared to be dumped into a national health insurance system that has thousands of drug plan options.

Many people are scared of Medicare, or have heard horror stories about not being able to get the care that they need. However, it’s important to know that when combined with the right supplemental coverage, Medicare can comprehensively address your healthcare needs and truly provide for you.

Today, I’m joined by Medicare insurance expert, Danielle Roberts, who is here to clear up any confusion around what’s covered, what’s not, the benefits, the costs, and so much more!

So, if you’re ready to create a plan to make the most of Medicare coverage in retirement, this episode is for you. Tune in to Profit Boss® Radio today!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• The unique features of Medicare that make it easier to use and more robust than employer-provided or individual health insurance coverage.
• How to select supplemental Medicare coverage - and why costs for many people are so reasonable when compared to employer-provided health coverage.
• What Medicare brokers do, how they get paid, and why premiums don’t always go up just because someone receives a commission from your policy.
• The expenses that Medicare doesn’t cover - and how to plan for expenses such as assisted living or live-in aides.
• Key facts about Medicare that people between the age of 50 and 55 should know - and be thinking about - now.

Show Notes

To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/163.

Follow Hilary on:

Twitter
LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio
Apple Podcasts
Overcast
Spotify
Stitcher
Google Podcasts

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this timely episode, recorded during the coronavirus pandemic of 2020, we’re talking about the psychology behind how we think about money, the mistakes we make, and why we’re so prone to irrational behavior in both good times and bad.

It’s hard not to get emotional when it comes to money. The stock market took a sharp negative turn recently and the short-term future of the economy is uncertain to say the least. Many Americans are either out of work or find themselves having to pivot to earn money. It would be 100% normal to be panicking now, however, it doesn’t have to be that way.

In this interview, Jeff and I talk about how, if you’re attempting to “react” to what’s happened, you’re not likely to be making decisions that are doing you any good.

For example, people are asking me questions like, “Should we sell out of the market at least partially?” or “How can I make sure to get in at the bottom?” or “Don’t you think hotel stocks are poised for a great return?”

Despite what the media would have you believe, nobody knows the short-term future so these questions cannot be answered. More importantly, investing is about size and consistency, not timing, and it’s important to take a look at it from a big-picture perspective.

As we navigate the coronavirus crisis, our minds are more vulnerable than ever to tricks, traps, and temptations. If you’re wondering how to invest, what to do with your investments, or just why you’re reacting the way you are to reading the news or checking the market, today’s episode of Profit Boss® is for you.

I’m joined by author, speaker, pundit, comedian, and behavioral science advocate Jeff Kreisler. In addition to writing for TV, politicians, CEOs, and sharing insights on networks like CNN, Fox News, MSNBC, and SiriusXM while he’s not touring the planet, Jeff runs Peoplescience.com. He and past Profit Boss® guest Dan Ariely recently co-wrote Dollars and Sense: How We Misthink Money and How To Spend Smarter, where they hilariously tackle the behavioral science behind our financial decisions.

So, are you ready to stop letting the news cycle leave you wondering if now’s a good time to buy or sell, identify financial traps before you fall prey to them, and discover frameworks that will help you use human nature to your benefit? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

• Why we participate in emotional, panicked, and irrational behavior, like hoarding toilet paper, when we see others do it - and how a crisis like the coronavirus makes bad thinking even worse when it comes to money.
• The reason it’s so important to take a 30,000 foot view of your finances during a recession or extended downturn.
• Why our brains struggle so much to understand money - and why the things that make money “awesome” in Jeff’s words are also the things that make it so complicated.
• The things people are most frequently getting wrong right now - and why we’re so prone to making terrible tradeoffs for the future in this moment.
• Why making your IRA contributions automatic and paying your bills first has a significant, positive impact on your ability to save.
• Why we’re so much more prone to stressing about small spends instead of big ones. 

Show Notes

To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/162.

Follow Hilary on:

Twitter

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

In this episode, I’m answering several listener questions about the coronavirus pandemic, the economy, stock market investing, and personal finance.

I’m hoping my answers to these questions will help you better understand how to think through tough decisions when it comes to money and your family, why you should manage your mindset instead of trying to predict the future, and how moments like now prove the importance of having an investment strategy — to name just a few of the issues we dive into.

We also get into what you can do to make money right now, what types of businesses are thriving in this tumultuous time, what you can do as a business owner to protect yourself and your employees, and what resources may be available to you as individuals via the $2 trillion CARES Act passed by Congress.

Things may feel like they’re constantly changing right now, but by deepening your understanding of what’s going on and how you can best stay physically and fiscally healthy, you can come out of the other side of this empowered, educated, and ahead of the media. Tune in to Profit Boss® Radio today!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

Cara asks: “Should I pay off the loan on the house I inherited from my grandparents, or should I refinance and invest my money, even though the economy feels shaky right now?”

Monica asks: “How long do you think the trickle-down effect of the global reaction to the coronavirus is going to be?”

Carl asks: “How should the fiat currency issue play into my investment strategy, and should I listen to people telling me to buy precious metals or Bitcoin right now?”
Lela asks: “How should someone arrange their stock-bond IRA or Roth IRA if they’re over 65?”

Ana asks: “Why do we need to hang on tight and not sell or panic in a crisis, and what can we do to maximize our investments right now?”

Brandy asks: “Will we all get back the money we lost in our investments once the coronavirus event has ended?”

Show Notes

To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/161.

Follow Hilary on:

Twitter
LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio
Apple Podcasts
Overcast
Spotify
Stitcher
Google Podcasts

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.