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

Welcome to episode 131 of Profit Boss® Radio! In this week’s episode, I am providing you with tips on how to hire a financial advisor.

Why now? Well, because January and the first quarter of the year is a very popular time for people to get their financial house in order and when you are most likely to hire a financial advisor. Also, now is a great time to invest because you can essentially join the market while it’s on sale. Prices are low, making it a great time to start investing.

A question many of my listeners have, however, is where to actually start? Do you ask a friend, do a Google search? Attend an event? The answer is, yes! But with some parameters, of course.

A financial advisor can add tremendous value to your financial life, but it’s an important partnership that does take careful consideration.  Tune in to today’s episode as I have an honest conversation about what you should look for in a potential financial advisor. I also offer up some insider tips on ways to evaluate a financial advisor before hiring one.

• Why now may be the right time to hire a financial advisor
• What you need to know about the titles “financial advisor” and “wealth manager” and why can’t rely on titles alone to identify qualified financial advice
• Where to start to hire a financial advisor
• How you can make a savvy choice with whom you entrust your financial life
• 4 categories to evaluate before you hire a financial advisor
• Questions and conversations you should have with a potential financial advisor before hiring one

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

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 130 of Profit Boss® Radio! Today is the very special episode I’ve been promising you where I share your listener win stories!

Before we get to the show, let me first just start off by saying how incredibly proud I am of all of you who have made strides in your financial journey. There is no accomplishment too small when it comes to your financial life, and any step in the right direction gets a well-deserved applause from me and your tribe of Proft Boss® listeners.

From saving more money and automating your finances to paying down debt and increasing your income, bravo ladies! From what I gather, 2018 was a breakout year for many of you with only more potential and opportunity in store for 2019.

Your stories, accomplishments, and plans for the New Year are truly inspiring. Congratulations to my guests in today’s episode: Joelle, Becky, Ylva, Dee, JC, Mary, and Lauren. And congratulations to all of you listening in with your own financial win stories. It is an honor to kick off 2019 celebrating you. Cheers!

• Joelle making an empowered decision to get out of debt and then doing it!
• And that’s not all! Joelle also amped up her financial game by saving 6 months of her income in an emergency fund, saved 20% of her income toward her future, grew her small business to the point she could spend three months in Portugal, and lives a life where her finances work for her instead of the other way around.
• How Becky’s year was transformational. She purchased a car in cash, automated all her finances, was able to leave her part-time job, doubled her income, and is starting the year by opening her own practice.

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/success-finance-listener-stories/

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 129 of Profit Boss® Radio! In today’s episode, we are unpacking the complicated reasons that hold women back from advancing in their careers. From gender bias and sexism to fear and insecurity, we untangle all the messy roadblocks that stand in the way of women rising to success.

If you have ever felt held back in your career, faced limitations placed on you by others, or have felt you or your ideas have been dismissed because you’re a woman, be sure to tune into today’s episode. This is a can’t-miss show full of staggering statistics that point to the value women bring to companies and our natural abilities to assume and succeed in leadership positions.

Not only does my guest Linda Smith, Esq. reveal the ever prevalent gender stereotypes that still plague every industry, but she shares actionable and useful ways women can overcome these known barriers to advance their careers as far as they want. Linda believes that women should be able to choose how far they climb in their careers versus being limited by the corporate culture that persistently holds women back.

Get ready to feel empowered as we uncover how women can use their superior leadership skills to advance their careers and reach success.

For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/women-superior-leadership-skills/ 

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 128 of Profit Boss® Radio! Today’s episode is an important conversation we need to have about money, and more specifically about investing.

As a Profit Boss®, you recognize that building financial success takes a series of smart steps over the course of days, weeks, months, and years. It’s one thing to have a want to build wealth - to understand you need to invest your money to grow it. But, understanding, conceptually, how risk is a necessary tool to help you do that is another. That is why today’s episode is dedicated to helping you understand investment risk and how to get comfortable with it as a wealth-building tool.

• What the complete definition of “risk” is and why our commonly-held beliefs about it are wrong
• Why now is such an appropriate time to discuss risk and understand it fully
• A brief history lesson about the markets, past market performance, and how often we experience bull and bear markets, and market corrections
• 3 facts about the markets that every investor should know about

Cheers to your financial aptitude ladies. Let’s jump in!

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

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.

Today’s episode features your questions. Thank you for sharing your personal finance questions with me so I can answer them offline with you or through the show. Please keep them coming!

• How to deal with massive debt and the money mindset that likely got you in financial trouble in the first place.
• How to assess the true ROI of education and how much student debt is acceptable
• A few ways you can pay for college

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

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.

2018 is almost over and it’s the first year of the new Tax Cuts and Jobs Act that dramatically overhauled our tax code as we know it. So, what do you need to know? And what things should you make sure you address before year-end? I’m going to cover all of it in today’s show.

In today’s episode, I discuss how the largest and most anticipated tax reform act passed by Congress since 1986 will affect you. There
lots packed into the Tax Cuts and Jobs Act, so I try to give a high-level overview of the details that matter most to you.

Today’s conversation should help you prepare for a successful 2019 and beyond. With the new Tax Cuts and Jobs Act taking effect this year, most of you are probably wondering how these new rules are going to impact you personally. Fortunately, you’re already getting ahead of the changes by listening to today’s episode!

Now is a perfect time to find out how the new laws will impact your tax situation so that you can take steps before the end of the year to lawfully minimize your taxes and maximize your nest egg. I also prepared a few resources for you relating to this episode. I provide access an expanded transcript of today’s episode so you can reference anything I talked about in more detail and a quick reference guide for the new tax changes if you just need a fast summary of the major changes.

For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/tax-changes-2018 

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.

What if I told you that it IS possible to get your child a college degree without draining your own financial resources? What if I told you that your future college student doesn’t have to graduate without tremendous amounts of student loan debt?  

Tune in to today’s show to find out how to effectively save for future college costs without compromising your financial future or your child’s.

• How to calculate how much student loan debt is appropriate
• What a 529 Plan is and why it is the best tool for saving money for future education costs
• How to research 529 Plans
• Which 529 Plan I opened for my daughter and recommend for many of my clients

For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/pay-for-college/

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.

EP 124 | Profit Boss® Radio

Welcome to the first Ask Hilary episode of Season 3 of Profit Boss® Radio! All season long, I encourage you to send me your financial questions so that I can answer them on the show, and I’m happy to share that my listeners have great questions that I know all of you will learn from and be able to apply to your own lives.

Today’s episode includes questions about business taxes, the stock market, prioritizing your money to save for retirement, and investments. I’m thrilled to answer all these listener questions in today’s episode. Thank you to Nikki, Carrie, Malaika, Ina, and everyone else that sends me questions.

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

• What the tax benefits are when you run your own business
• What you can write off as a business expense and what you can’t
• Why it’s great to be a business owner: Perspective on the upside of being your own boss
• How you can reach ALL your financial goals and needs
• Why you can prioritize your retirement savings in light of your everyday expenses...and should!
• Whether or not you should ever buy individual stocks
• Why it’s so difficult to profit from individual stock picking, but how you can benefit from company growth by investing a different way
• The benefit of investing in mutual funds vs. individual stocks
• How to approach investing like Warren Buffett
• What a balanced fund (fund of funds) is and why it’s used with some of our Ignite clients
• How we evaluate investment funds and what the ratings mean from Morningstar, Lipper, Zacks, TheStreet.com, and CFRA
• Insider Insights: What goes into investment recommendations, meaning how we select certain investment funds over others for our clients
• What you should know about expense ratios and the impact they have on investment performance
• Why stock returns are unpredictable and why it’s so difficult to profit from stock news you hear in the media
• Where you can get financial advice

For more details, please visit our show notes on our website: https://www.hilaryhendershott.com/ask-hilary-financial-advisor 

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.

This episode originally aired on So Money by Farnoosh Torabi, 8/31/16

Today on Profit Boss® Radio, we are replaying an episode that originally aired on Farnoosh Torabi’s popular podcast So Money. Farnoosh had me on as her guest to talk to her audience about what it takes for women to be successful with money and what some of the most common financial obstacles women, specifically, have to overcome.

• Why women tend to perform better in the stock market than men
• The most important criteria for women to succeed with money
• The role your money mindset plays in  your financial success
• Hilary’s personal financial philosophy

For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/so-money-farnoosh-torabi/ 

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.

Profit Boss® Radio listener stories are some of the most inspiring and, yet, pragmatic financial experiences I am privileged to cover on the show.

Today’s Listener Series episode features Leslie Woods. Her story demonstrates the incredible power anyone can wield if you're ready and willing to roll up your sleeves and say, "YES!" to prosperity. Leslie is a graduate from our $50K Wealth Multiplier Mastermind Program and details her incredible transformation from surviving in a vicious cycle of financial crisis to living in a state of financial abundance. 

Tune in to this week’s episode of Profit Boss® Radio to hear Leslie's inspiring story, and learn about the financial behaviors and money mindset that can lead to financial success.

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

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.