January is a popular month for No Spend challenges. But temporary financial restriction is not the answer to better money habits. Let's ditch the challenges and focus on a budgeting plan that fosters financial clarity and allows us to spend purposefully.

In today's episode, I expose the pitfalls of short-term money challenges. We are not doing No Spend challenges in 2024! Instead, we will create a sustainable system that aligns with our desired lifestyle. By shifting away from a scarcity mindset, we pave the way for a positive and drama-free approach to spending.

Say goodbye to restrictive money challenges and welcome the freedom that comes with a structured and mindful approach to our finances!

Stay tuned to hear insights on these critical topics during this episode:

[02:00] Why no spend challenges are problematic

[07:00] Creating a system to spend money drama-free

Tune into this episode of Money Files to learn why no spend challenges don’t work and what to do instead!

Get full show notes and the episode transcript: https://wealthovernow.com/skip-the-no-spend-challenge-learn-how-to-save-amp-spend-money-drama-free/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

Believe it or not, financial coaches have debt, too! In today's episode, I share how a financial coach manages, leverages, and pays off debt. I tell you everything from my early experiences with credit cards to borrowing money to invest in high-value coaching. I give you an indepth look at the complexities of my business and personal debt and my methods for paying off if off. I cover everything from how to identify the root causes of debt to actionable strategies you can implement to create a sustainable, drama-free spending lifestyle. 

Are you ready to redefine your relationship with debt? Get inspired by my journey with debt and learn new methods to gain confidence in managing debt and spending money intentionally. 

Stay tuned to hear insights on these critical topics during this episode:

[02:10] Starting relationship with debt & credit cards

[05:20] Leveraging & paying off debt in my business

[15:35] Questions to help avoid personal debt

[20:55] Paying down personal debt

Tune into this episode of Money Files to learn how a financial coach pays off debt.

Get full show notes and the episode transcript: https://wealthovernow.com/mastering-debt-how-a-financial-coach-leverages-manages-and-pays-off-debt/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

As a financial coach, my goal is for my clients to have choices. I want you to be able to spend money however you want. Consistently saving money allows you to engage in drama-free spending. But a lot of people find it challenging to save money. They set a goal to save a certain amount every month, and when they can't do that, they decide to give up altogether.

In today's episode, I share my journey of saving money. I explain how my confidence in saving money has grown exponentially over the years, but I also highlight some challenges I experienced. Everyone's path to financial freedom might look slightly different, but the importance of budgeting and saving money never changes. It's time to release the shame and insecurity around money and start building wealth and the future you desire. 

If one of your goals for 2024 is to save money consistently, this episode is for you! Stay tuned to hear insights on these critical topics during this episode:

[08:00] Keina’s backstory on saving

[14:25] How earning more money and building savings are related

[20:24] Challenges and learnings

[27:00] Confidence managing money vs. making money

[29:10] Savings goals

Tune into this episode of Money Files to learn how saving money consistently helps to build wealth.

Get full show notes and the episode transcript: https://wealthovernow.com/what-ive-learned-about-saving-money-as-a-financial-coach/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

How To Overcome Financial Setbacks - Wealth Over Now

Today, I'm joined by a former client, Muhawu Lumeya, whom I had the pleasure of working with about two and a half years ago.

We discuss the concept of wealth beyond just monetary figures, exploring how intentional time with family and strategic financial decisions contribute to a fulfilling life. Muhawu reflects on her shift from financial anxiety to a mindset of abundance, sharing the profound impact of our coaching partnership. 

Join us as we uncover the layers of wealth, from health and generosity to the unexpected surprises that arise when taking control of the financial narrative. 

Hot topics discussed in this episode include:

[03:13] The concept of wealth beyond monetary value

[05:19] How health, rest, and generosity contribute to wealth

[19:07] The impact of financial coaching on mindset and financial decisions.

[25:49] The interconnectedness of personal and financial growth

[34:14] The ongoing impact of the coaching partnership even after two and a half years.

[37:15] Navigating the complexities of shame associated with money.

If you've ever felt stuck or overwhelmed by money matters, this episode is a testament to the power of shifting your mindset and embracing the journey toward true wealth.

Get full show notes and the episode transcript: https://wealthovernow.com/ripple-effects-of-coaching-two-years-later-with-muhawu/ 

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

In today's episode, I share how I budget as a financial coach. Budgeting is the second step in my five-step plan for building wealth, and I give you my perspective on personal and business budgeting. 

First, I explain the power of a zero-based budget, where every dollar has a purpose. I highlight how this approach brings clarity and flexibility in spending while aligning with my financial goals. Then, I explain how my personal and business budgets intertwine in my three-tiered budgeting strategy. 

I am spotlighting how I budget to inspire you to make changes in your finances. Whether your goal is to pay off debt, save for the future, or get set up for retirement, this episode guides you in creating budgets that fit your unique circumstances.

Stay tuned to hear insights on these key topics during this episode:

[01:10] Zero-based budgeting explained

[04:55] How my business budget informs my personal budget

[10:40] Why I have 3 personal budgets

[16:25] Budgeting is not about restriction

Tune into this episode of Money Files to learn how I leverage budgeting in my personal and business finances as a money coach.  

Get full show notes and the episode transcript: https://wealthovernow.com/how-i-align-my-budget-spending-and-future-goals-as-a-financial-coach/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

Understanding Your Financial Self Concept

How Brent Ditched Perfectionism and Got Intentional with His Spending - Wealth Over Now

How to Use Financial Visioning to Achieve Your Money Goals

In today's episode, I'm delving into my personal investing journey as an entrepreneur and financial coach! 

Listen in while I share insights and lessons that shaped my financial path. From the importance of contributing to retirement to the power of playing with numbers and setting ambitious goals, I explain how I decide where to invest my money. Plus, I reveal my goals for the year, including maximizing retirement savings and finding the perfect real estate investment property. Finally, listen to learn what I wish I knew about finances in my 20s and what you need to understand right now to maximize wealth-building and reach your money goals. 

So, if you're ready to take charge of your financial future, gain confidence, and learn the art of intentional investing, tune in to this episode of Money Files!

Key topics discussed in this episode are: 

[02:07] Keina’s thoughts on investing

[08:00] Retirement planning as an entrepreneur

[17:58] Keina’s 2024 investment goals

[22:56] What Keina wished she knew in her 20’s & what you need to know now

Tune into this episode of Money Files to learn how I invest as a self-employed financial coach.  

Get full show notes and the episode transcript: https://wealthovernow.com/investing-planning-for-retirement-and-building-wealth-as-a-financial-coach/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

IRS Announces 401(k) Contribution Limit for 2024

If regaining control of your finances and changing how you feel about money is part of your New Year’s Resolution, this episode is for you! Make it your focus for 2024 to release feelings of shame and uncertainty around spending, saving, and making money. I want you to spend money drama-free and feel confident about managing your finances.  

In today’s episode, I share how to start your journey to financial freedom by outlining my five-step plan to build wealth. Each step is shared in sequential order and is designed to help identify your 2024 money goals. Set yourself up for success with my five-step wealth-building plan. 

Stay tuned to hear insights on these key topics during this episode:

[01:32] Five steps to build wealth overview

[02:32] Step 1: Create a spending plan

[07:03] Step 2: Intentionally save money

[13:04] Step 3: Pay down debt

[18:05] Step 4: Earn more money

[20:51] Step 5: Investing

Tune into this episode of Money Files to learn my five-step plan to build wealth.  

Get full show notes and the episode transcript: https://wealthovernow.com/5-steps-to-wealth-building/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

It’s time to wrap up 2023! You have accomplished so much this year, and keeping that momentum going in 2024 is essential. Use 30 minutes of reflection time to set yourself on a positive trajectory for the New Year.

In today’s episode, I share my favorite exercises to reflect on the previous year and set myself up for success in the future. I also outline the End of Year Checklist I encourage my clients to complete. Now is the time to set yourself up for where you desire to go with your finances in 2024. So take a minute to appreciate all you have accomplished this year and build a plan to crush your next set of money goals!

Stay tuned to hear insights on these key topics during this episode:

[04:30] How are you separating from the 2023 version of yourself

[05:20] Exercise #1: Writing a letter to your future self

[09:27] Exercise #2: What went well in 2023 and what would you do differently?

[11:34] Exercise #3: Completing an end of the year checklist

[17:53] Reflection exercises for business owners

Tune into this episode of Money Files and learn how I use reflection exercises and an end of year checklist to set myself up for success in the New Year. 

Get full show notes and the episode transcript: https://wealthovernow.com/end-of-the-year-financial-checklist/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

Why Reviewing Your Finances During Open Enrollment Season Will Set You Up for Financial Success Next Year - Wealth Over Now

IRA Retirement Contribution Limits

At some point, you will experience a financial setback. Unexpected expenses require charges on a credit card or dipping into savings. This perceived “loss” can lead to personal judgment and shame when you have an all-or-nothing mindset about money management. 

In today’s episode, I help you reframe financial setbacks as evidence of growth. You have the financial tools to pay off debt and readjust your budget to get back on track. A financial setback does not mean you don’t know how to manage money. So don’t bury your head in the sand or feel shame around financial setbacks. Instead of seeing the loss as an excuse to bury your head in the sand and feel shame, turn that financial setback into a data point to help grow and refine your money journey.

Stay tuned to hear insights on these key topics during this episode:

[02:20] Financial setbacks & judgements

[05:35] What do you let financial setbacks say about you?

[07:11] Reframing financial setbacks as evidence of growth

[10:30] Translating financial setbacks into data for budget adjustments

[14:44] Allowing yourself to ask for help

[16:23] Questions to help you get through a financial setback

Tune into this episode of Money Files to learn how to reframe financial setbacks and maintain a positive money mindset. 

Get full show notes and the episode transcript: 

https://wealthovernow.com/how-to-overcome-financial-setbacks/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

An effective budget is not just a list of bills. If you want to reach your money goals, it is essential that you know your numbers and how you spend your money. Things like getting your hair done, going out to eat on date night, or sending thank-you gifts to clients seem like small expenses, but can have a major impact on your overall financial goals. 

In today’s episode, I share how to identify fake expenses and why your spending needs to align with your budget. This process is about helping you better understand how to plan for your desire to spend money so you can reach your financial goals faster.  

The main points I talk about in this episode are:

[01:30] Exposing fake expenses

[06:55] Three thoughts that cause you to overlook expenses

[09:39] Client example of fake expense (business perspective)

[13:36] Client example of fake expense & credit card payments

[15:30] What can you do to avoid fake expenses

[19:42] Choose financial curiosity

Tune into this episode of Money Files to learn about fake expenses and why aligning your budget spreadsheet and spending plan is essential to reaching your money goals.

Get full show notes and the episode transcript: https://wealthovernow.com/why-your-bank-account-doesnt-match-your-budget/

Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

96 | From Finances To Motherhood: Let’s Talk Money Coaching