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

Welcome to episode 150 of Profit Boss® Radio! What a massive milestone! We appreciate all your loyalty and support of Profit Boss® Radio over the years. In this episode, we discuss the powerful transformation you can create in your life when you turn life goals into financial goals with George Kinder - the father of the Life Planning movement.

If you have ever found yourself getting stressed or stuck on the logistics side of money then this episode is for you. The details of everyday money management can get heavy at times, and if you are like many of my clients you may get to the point where you want someone to help make sure your financial house is in order and maintained. 

George Kinder joins us in this episode to offer his unmatched insights and experience with over 30 years of practice as a financial planner and tax advisor and over 50 years as a mindfulness practitioner. He is passionate about helping people achieve authenticity and freedom. He takes us through his journey of being an influential financial coach and best-selling author helping people understand the psychology of money. He is a global leader in the movement of helping people to visualize and create a better world better now. 

Tune in to Profit Boss® Radio today and learn how you can create mindfulness in your life that can turn life goals into powerful financial goals and achievements.

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

• What life planning is all about, and how it’s different from traditional financial planning
• What “freedom” is according to George
• The correlation between financial planning and heart transformation
• What trait the best financial planners have in common
• The infamous three questions George asks to help you identify your purpose on the planet
• How you can begin a path to authenticity and freedom

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/life-goals-financial-goals/

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.

Welcome to episode 149 of Profit Boss® Radio! In this episode, I’m taking a peek behind the curtain to reveal the top eight investment mistakes that can derail your retirement.

Why am I covering this topic? Well, because if you are a listener of the show, not yet a client, there is a large possibility that you may be managing your investments on your own, or perhaps you have a relationship with a financial advisor who has saddled you with investments you have mediocre confidence in. If that is the case, I want to equip you with knowledge that can inoculate you against making these common investment missteps that can undermine your ability to reach your full wealth potential. You see, the financial mistakes that can negatively impact your financial trajectory are often the ones you don’t see coming or don’t know to watch out for.

Lucky for you, you’re a listener of Profit Boss® Radio, and I’m about to blow the whistle on investment mistakes that can cost you significantly in retirement. 

• Mistake #1: Making Investment Decisions Based on Emotion

• There is a lot of chatter in the media about the markets. If you listen to what the pundits have to say, you may be swayed to make emotional reactions to the market rather than remaining objective and steadfast.
• Find out why you should never make emotional investment decisions and how these sorts of decisions usually end up.

• Mistake #2: Using Name Brand Mutual Funds that Cost Too Much

• How to know if a mutual fund has high returns
• Why you should pay attention to how a fund performs relative to the benchmark
• Why name brand mutual funds are so expensive and who ultimately absorbs the costs

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/8-investment-mistakes/

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.

Welcome to episode 148 of Profit Boss® Radio! In this episode, I had the opportunity to interview Kim Bohr. Kim Bohr is the CEO of The Innovare Group, a certified executive advisor, and a sought-after speaker. She combines 20 years of practical business experience as a cross-functional executive with her passion to make people and businesses better from the inside out.  

In today’s episode, Kim shares with us her 3A framework and how you can apply it to your career advancement goals. The 3A’s are: assess, align, and accelerate. Assess means taking an in-depth analysis of the different components within your career. Then, finding the gaps and creating a plan to align your career with your goals. Finally, being able to apply those things you have discovered to design and accelerate your career.   

Along with teaching us her 3A framework Kim shares practical tips on how to intentionally build your network. Oftentimes people can grow intimidated when you talk about networking. When utilized correctly networking can be incredibly valuable to accomplishing your career goals. 

So, are you ready to design your career for wealth? Then you don’t want to miss this information-packed episode with Kim Bohr. Tune in to Profit Boss® Radio today!

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

• The difference between men and women when it comes to applying for jobs
• How men and women approach networking differently
• How to develop your network to support your career goals
• Why it is key to intentionally build a diversified network
• How to spot gaps in your career goals 
• How your network can help you close those gaps

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/design-career-wealth/

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.

Welcome to episode 147 of Profit Boss® Radio! In this week’s episode, I had the opportunity to interview Chris Farrell. Chris is an economics editor with Bloomberg and a senior contributor with NPR Marketplace. He brings a great perspective on purpose and careers regardless of your age.  

According to Farrell, creativity isn’t a skill you lose. If you are creative in your 20s, you can still be creative in your 60s as long as you are given the opportunity. Even though many people retire from the workforce at 55 and older, they oftentimes still feel that they have so much to offer and aren’t ready to hang their hat up completely. It should come as no surprise that many retirees still want to live productive lives - one that is purposeful and meaningful. 

Join us for today’s episode as Chris and I discuss how your second half of life can be just as fulfilling as your first half. Tune in to find out how you can create income and purpose in your life no matter your age.

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

• How retirement benefit packages are designed for older employees
• How multi-generational teams can be effective
• What sort of possibilities exist in your second half of life
• Why it is so important to have a career that engages your skills and purpose
• Some creative ways to fulfill your purpose without needing to further your education
• Reasons why self-employment and entrepreneurship is on the rise

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/life-on-purpose/

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.

Welcome to episode 146 of Profit Boss® Radio! Identity protection is so crucial in this day and age that I felt we needed two episodes to cover all the information. If you have been following the news, you have definitely heard countless stories of people falling prey to identity theft. 

According to Javelin Research, identity theft is on the rise and the most recent study shows the odds of you becoming a victim is now 1 in 3! With the increased usage of social media and online consumerism, people are sharing more information and, subsequently, becoming more vulnerable. Monitoring your identity is becoming a part of life, and there are methods you can use to make it a little bit easier to manage. 

This episode contains many pertinent tips and tactics that you can apply today to help safeguard your financial life. Tune in to this week’s episode as we continue our discussion about how to protect your identity.

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

• Adam Levin’s 3M identity theft protection framework and how to use it
• Why it is important to use a password vault
• Understanding the importance of checking your personal financial transactions daily
• Why you should never throw away physical financial documents
• How to protect your health plan and prescription information
• Why it’s important to know who is asking for your personal information (and why) before you share it

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/protect-your-identity-2/

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.

Welcome to The Retirement Years on Profit Boss® Radio episode 145! In this show, we discuss an extremely timely and scary topic: identity protection. I am so excited to have Adam Levin, founder of CyberScout, co-founder of credit.com and author of the critically acclaimed book Swiped, joining me for this show. Levin is a nationally recognized expert on cybersecurity, privacy, identity theft, fraud, and personal finance. He has distinguished himself for the last forty years as a fierce consumer advocate, and we are lucky he shares his insights with the Profit Boss® community! 

You don’t want to miss this week’s show where Levin answers the important questions like, “Why you should be concerned about protecting your identity?” and “How you can protect your identity?” So many people have asked him, “Why should I be worried about someone stealing my identity...I am a regular person?” But to a hacker, phisher or identity thief, you are Kim Kardashian. Join us as we take a deep dive into the world of identity protection. This episode contains many pertinent tips and facts that you can apply today to help safeguard your financial life. 

Thank you to Adam Levin for joining me today to help open our eyes on the importance of identity protection. Tune in to this week’s episode as we begin our discussion about how to protect your identity.

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

• Why a hacker, phisher, or identity thief is interested in your identity
• How can identity theft disrupts your life
• How the authentication problem can be the solution
• How can you be confident that the bank will refund your money in the event of fraud
• The benefit of carrying credit cards over debit cards
• How long you have to report fraud in your personal or business checking accounts

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/identity-protection/

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.

Welcome to The Retirement Years on Profit Boss® Radio episode 144! This is a brand new season of Profit Boss® and I have made a few adjustments this season! Now titled: The Retirement Years on Profit Boss® Radio, this show is your weekly wealth building and retirement mastermind. Profit Boss® is also a movement for women to reach their full wealth potential and be financially free. I’m covering the sophisticated wealth planning topics that most directly affect you, my sophisticated listeners. So, let’s get right to it!

This week’s episode will serve as a follow up to last week’s episode 143, How To Plan For Retirement Together. If you are listening to this episode I am quite sure that you have questions or concerns regarding you or your spouse’s financial planning. In a perfect world, you and your spouse would agree on everything and execute your plan flawlessly, but we do not live in a perfect world. So, let’s talk about what you should do if you’re like the rest of us and need to reach agreement and consensus on your vision for retirement. 

I share three examples of couples that I have worked with who I think have done a great job of coming together, despite not being clear on their vision early on or even thinking their goals were possible! Make sure to tune in to this week’s episode as I delve into real-life client stories on how to plan for retirement together.

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

• Client Story #1: The Quiet Success Story
• Why it is important to discuss your finances while dating
• Knowing the importance of planning
• Client Story #2: Excellent Teamwork
• Why teamwork is invaluable when planning for retirement
• Client Story #3-Everybody Doesn’t Have To Do 50%

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/clients-plan-retirement-together/

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.

Welcome to The Retirement Years on Profit Boss® Radio episode 143! This is a brand new season of Profit Boss® and I have made a few adjustments this season! Now titled: The Retirement Years on Profit Boss® Radio, this show is your weekly wealth building and retirement mastermind. Profit Boss® is also a movement for women to reach their full wealth potential and be financially free. I’m covering the sophisticated wealth planning topics that most directly affect you, my sophisticated listeners. So, let’s get right to it!

In this week’s episode, I talk about planning for retirement as a couple. The idea of planning for retirement in general can be daunting, and then approaching retirement planning with your significant other isn’t always easy or straightforward. It can be incredibly difficult to become mentally prepared for this discussion with your partner. You are also likely in that busy season of life right now where you are faced with many current financial obligations, such as buying a home, making repairs or renovations (like me!), sending kids to college, career planning, and even travel. 

I understand there are many things for you to accomplish now, but let’s prioritize planning for the future you and your loved want, too. You can have your best life in retirement. It can seem like a lot of sacrifices foregoing what you want today for tomorrow. In actuality, you can leverage your planning now and for the future. So, how do you plan for your future with your significant other?  That’s what I cover in today’s show.

This episode is split into three sections. First, you discover what you need to know to start planning for retirement. Second, I share what things you need to do to plan as a couple. Third, I reveal the most important aspects of a successful retirement. Tune in and glean insider tips and tactics on how to plan for retirement together.

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

• Part 1: What you need to know to start planning for retirement together (7:42)
• Moneywise segment-What is diminished marginal utility?
• Part 2: What things you need to do to plan as a couple (20:28)
• Part 3: What are the most important aspects of a successful retirement (32:32)

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/plan-retirement-together/

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.

Hey Profit Boss® Radio listeners! I am just dropping in to offer a brief summer update about what you can expect in the upcoming new season of Profit Boss® Radio launching this September! 

Tune in for the 4-1-1!

For more details, please visit https://www.hilaryhendershott.com 

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.

Welcome to episode 142 of Profit Boss® Radio! As of this episode, I am taking a brief summer hiatus so that I can focus on the $50K Wealth Multiplier Experience and, more importantly, family and my daughter’s health. I do have some homework for you this summer and plenty of useful resources along the way, however!  

When is the last time you reviewed your and your spouse’s beneficiary elections for all your accounts to make sure that they everything is set up the way it should be? If you're scratching your head wondering when that might have been, it's probably been too long.

Your beneficiary elections are incredibly important. To ensure that your estate plan is executed properly in the event the need arises, you want to be certain beneficiary information is up to date. Learn the estate planning mistakes to avoid in this week's episode of Profit Boss® Radio.

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

• The importance of making sure that beneficiary forms are up to date
• The difference between gift tax and estate tax, and how it can impact your estate planning wishes
• How people normally elect their beneficiaries (and the things you should consider when making these important decisions)
• How I personally set up my estate for my daughter Harlyn
• Why I generally don't recommend anyone inheriting an estate under the age of 35
• How utilizing trusts in your estate plan provides specific parameters for how and when beneficiaries receive benefits

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/avoid-beneficiary-mistakes/

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.