Since I constantly get asked about the difference between a financial advisor and a financial professional is, I figured I'd give you the main points. In this episode I'll share with you what a financial professional can and can't do but also what a financial advisor sometimes is completely unaware of when it comes to products and services, as far as, what they can offer their clients. Which tends to be the case more often than not. The main product that triggers this question 9 out of 10 times is Tax-Free Retirement Accounts. I will cover the difference between these accounts and tax-deferred retirement accounts. We'll go over the pros and cons for each account and what is needed to qualify for these accounts. Yes, you read it correctly. These accounts are not just available to the wealthy few. However, these accounts can only be technically set up if you or your family qualify. Interested in learning about what products the wealthy are using to make their money work for them? Then listen to this episode and tune in to my podcast and lets learn together!!

When I started this journey in financial services never did I imagine the impact it would have on me and my family. I knew then that Financial Literacy was extremely important but was besides myself as to why we weren't being taught this in school. I clearly remember my 26 year old starting college and opening a bank account. I was pretty shocked to find out how quickly he was approved for a credit card. He was stoked but I on the other hand was freaking out. He didn't know how much damage he can cause himself but I did. I was glad to be in a position to teach him about money management, something I had to learn by trial and error. Our children need guidance all throughput their lives and especially in financial matters. My son learned about credit and debt through a book I had him read. Had I not instilled this in him I know he wouldn't be how he is with his credit AND his money. Since Financial education is not being taught in our school system, lets start by doing so in our homes. Trust me, your children will thank you for it. Lets focus on changing generations to come by teaching how money works!! Are you with me?? For more information, follow us on social media @mommymoneymatters .

This episode is about position yourself with financial peace of mind in your future! This message is for everyone! I see financial struggles in my clients too often. I want that to change moving forward. How you ask? Well, I'll discuss what are key action steps to take so that individuals are in better financial positions as they reach retirement age. My goal is to educate in this area so that upon retirement you have income security. I want to encourage you to start making your money work for you! Some of you work 40 hours a week for 40 years, to simply retire on 40% of your income! I've got news for you, 40% is not going to take care of your household. Lets work smarter not harder. How? Good question! Through consistency, discipline, and commitment! Sometimes we have to frontload sacrifice to see the end result. But I'll tell you what, you'll be better off than most. Not everybody can do it. If you're goal is to be worry free when it comes to money, I recommend you start NOW!!! Some will start, some won't. Which one will you be?

In this episode I'll go over different scenarios of what happens when we don't put things in place. As well as what not to do with your life insurance once it is in force. The year 2020 took a toll on all of us and because of so many losses there was fear in families across the country. Rightfully so, people were getting hit by Covid-19 left and right. It was extremely scary for the elderly but we all were in a state of uncertainty. Here we are now, 18 months later now battling a different strain. There continue to be more losses. I've had quite a few in my family. I say this to say that nobody is immune to death. I'm sharing a few stories of what an impact having no life insurance has on families. I also know that at the end of the day the decision is yours to make. But I want you to picture your family and the predicament you leave them in when you don't protect your life and a little bit worse when you're the breadwinner. Again, like I said, Life Insurance matters! The question becomes, does your family matter to you??

Are you feeling stuck when it comes to your credit and credit score? Wondering why you're being turned down? Not enough credit? No credit? How can you go about fixing the problem? In this episode I give you certain areas to focus on and recommend a book with additional information. It's a very short read but there are tons of nuggets! I applied this myself and boy did it make a huge difference in a matter of 3 months! If I can do it without hiring somebody to do it for me, so can you!! Which means, you can reposition that $100 and have it work for you!! I see too many people go into debt programs without completely understanding the ins and outs of the program and then finding themselves stuck when trying to make a huge purchase. My words of advice is to ALWAYS do your research before moving forward. You'll be so glad you did! There are 6 areas to consider when it comes to the statue of limitations in the state of California and can make a HUGE difference on how you approach your credit concerns. Go ahead, spare some time from your busy schedule and listen to this episode. I guarantee it will be well worth it. If you have any questions you can reach out through my social media handle @mommymoneymatters . Until next time, and remember, money matters!

Recently I have been talking to quite a few potential clients and the number one comment they make is, "I really want to buy my own home but I just can seem to figure out how to save for it? I watch my spending and can't figure out where the hole is." What I recommend is their personal financial needs analysis to help us find out what is going on in their financial house. Once we have a clear understanding of what is going on then we can address the issue and give recommendations. The main focus is learning good money habits that will help you achieve your goals. Which means taking a close look at your spending, saving and investing habits. More often than not there's hardly any savings and no investing but a whole lot of spending. Focus on getting your money right and prioritizing what's important to you and your family. Here's the thing, feeling stuck? Guess what? We can help!! Best of luck!

I have come to realize how important money really is in every day living. Without money there's not much we can do! Very often I hear people say money isn't everything but that's because they don't have any! In all honesty, money is everything! It helps pay for a roof over your head, put food on the table, clothed you and your family. Without it, you can't take care of your basic needs!! Let's not talk about entertainment and vacations because if you don't have money there isn't much of that happening either. So you see, money definitely matters. Which is why I highly encourage all my mommas and parents in general to start teaching your family including children how money works and money management. This country lacks financial education in the school system! How do I know? Well, the average family I sit down with have some notion about money but not enough to make informed decisions. There are so many financial concepts out there that most aren't aware of. I was one!! Although I knew something I didn't know enough otherwise I probably wouldn't have this podcast. It's the lack of knowledge about financial education that I am dedicated on changing. It starts at home and with our children. What are your kids learning about money? How do they view money? These are the questions I want you to ask yourself. I started talking to my children about how money works and saving as well as investing. Are you having these conversations with your kids? If you're not, it's never too late to start. Lets focus on changing the generations to come! This is my commitment to my community because I sure wish someone had taught me. Lets not leave our children's future to chance and start paving the way. Are you with me??

Did you know that the average credit card balance in the United States is more than $6,000? Us, as consumers tend to buy things we don't need with money we don't have! To be honest the lack of financial education should be a national emergency! We are creating a society doomed to fail when it comes to money management. I pledge to make a difference in middle income communities. How do we start? In our own financial houses of course! Before we can start making effective money moves we need to take care of the debt incurred by such moves. Paying off debt means paying for the past. Which is purchases already made that are now owed. There are two different methodologies used in most situations. The first one is the Snowball Effect Method which focuses on the entire debt. The second one is the Avalanche Method. This method focuses on the interest. Which one do we use? It really depends on you! What's the objective and what is the end result you are looking for? These questions need to be addressed before moving forward. They both work if and only if, you are disciplined and consistent with following through. It will not work otherwise. How do they work? Take a listen! It is explained pretty simply and very detailed. I have used these methods with my clients and because of it. They are debt free and are now able to make money moves towards their future!! Follow us on social media @mommymoneymatters !

I don't know about you, but I sure hadn't set any money rules for most of my adult life. But man do I wish I had. It's never too late which is why I'm sharing these with you. If you want to avoid holes in your financial house then follow along. If this is hitting you precisely when you're needing outside help to repair and patch those holes, call it divine intervention. Regardless, of why you decided to click on this podcast, you were meant to listen to it and possibly share it. Not very many families I sit down have any money rules. Some are barely getting by living paycheck to paycheck. If you want to get out of this hamster wheel then something's gotta give. Changes in your financial house need to take place otherwise you'll be repeating that same year and financial situation over and over. One question I ask my clients when it comes to their finances is this, "if the next 5 years are just like the last 5 years, would you be ok with it?" More often than not, the answer is "No!" They don't want a repeat, they want things to be better than before. Here are some money rules you might want to consider! If you have any questions feel free to reach out on social media @mommymoneymatters .

There are 3 main enemies to your money! Do you know what those are? Take a wild guess! Here we go! From least (#3) to high (#1) in the level of importance. 1-Procrastination 2-Taxes 3-Inflation. Lets focus on #3, inflation. Inflation simply means that the price of something will always rise over time. In this episode I talk about the significance of inflation through cost of living from the 1970's to today!!( Perfect example gas prices nowadays. But look at real estate too!) It's inevitable!!

You can't out earn or out save inflation! Personally speaking, the only way to beat inflation is investing! This way your money is constantly gaining value over time instead of loosing value. If your money isn't outpacing inflation by growing than your secretly going broke? Did you know that?? Bottomline, investing IS important! Make money while you're sleeping! Inflation will always be around, it's how you handle it that matters most. Any thoughts?