Money O2

Hello, MONEYO2 listeners! Today we're joined by Gay Gaddis, a true entrepreneurial powerhouse who turned a $16,000 investment from her 401k into the largest independent female-owned advertising agency in the United States. Gay's journey from humble beginnings to selling her multi-million dollar company is nothing short of inspirational. In this episode, Gay shares her incredible story of resilience, creativity, and business acumen. We dive deep into:

Gay offers invaluable insights on risk-taking, financial management, and the power of investing in talent. Whether you're an aspiring entrepreneur, a creative professional, or simply looking to improve your financial acumen, this episode is packed with wisdom and practical advice. Tune in for an episode that will inspire you to think bigger, manage smarter, and never lose sight of your financial goals!

Connect with Gay:

Book: Cowgirl Power

Website: GayGaddis.com

Gay’s Art: Gaygaddisart.com

Hello again, we are back with part 2 of our insightful conversation with Betsey Stevenson, the renowned economist and former Chief Economist at the U.S. Department of Labor.

In this episode, Betsey delves into the future of work and education in our rapidly evolving economy. We explore the impact of AI on the job market, particularly for white-collar workers, and discuss the growing importance of critical thinking and question-asking skills in this new landscape.

Betsey shares valuable insights on the importance of navigating economic transitions (such as what we are experiencing right now) discussing the changing nature of jobs and skills and the need for adaptability.  She also shares her opinion on the ongoing debate between traditional 4-year college degrees and vocational programs, offering her perspective on the value of education as an investment. Plus, we discuss strategies for business growth and the importance of having contingency plans for financial setbacks - providing practical advice for entrepreneurs and employees alike on how to thrive in our changing economic environment.

This episode is packed with Betsey's expert analysis and practical tips, offering listeners a deeper understanding of the challenges and opportunities in our current economic landscape. It's like getting a masterclass in applied economics from one of the field's most respected voices.

Enjoy Part 2 of our conversation with Betsey Stevenson, and prepare to gain valuable insights that can help shape your approach to work, education. 

Missed Part 1? Listen to Episode 28 for our first part with Betsey, where we focus more on practical principles of economics you can use daily.

If you feel like reading a textbook on economics, find Betsey’s textbook here: Principles of Economics

Hello MONEYO2 listeners! In this episode, we're joined by Katy Song, a Certified Financial Planner and the Chief Financial Planner for Domain Money. A former investment banker turned CFP, Katy brings a wealth of experience, having completed over 800 personalized financial plans throughout her career.

In this insightful conversation, we use Qnity's framework of MONEY EDU/MONEY PRO to structure our dialogue. We discuss the importance of MONEY MINDSET and hear that negative money stories occur regardless of income levels. We also talk about how to maximize your MONEY IN, and go through specific pitfalls Katy's seen in her career around MONEY OUT, including 3 of the most common areas people tend to overspend in, and so much more. This episode is packed full of practical advice and is a brilliant opportunity for us to learn from someone who has helped almost 1000 clients navigate the ins and outs of their finances. I also share my personal experience in working with Katy,  and what the process of working with a fee-only financial planning company like Domain Money was like for my husband and I. Some key takeaways include:

My hope is that learning from Katy gives us all better tools and frameworks to think more strategically about our finances and make informed decisions. As Katy puts it, "Money needs to flow" - and this episode will help you ensure it's flowing in the right direction for your financial wellbeing.

DISCLAIMER: The host of this podcast, Erin Kuhn Bhansali is a real client of Domain Money. She and her husband received a free plan.

INTERESTED IN WORKING WITH DOMAIN MONEY? Visit https://dmnmny.co/qnity and use the code: Qnity2024 for $300 off your plan.

In this episode, we're joined by Jordan Grumet, also known as ‘Doc G’ - a former hospice doctor turned leader in the financial independence movement. Jordan spent years as a physician before burning out and discovering a new path that combines his medical insights with personal finance wisdom. Today, Jordan shares invaluable lessons learned from his experiences with dying patients and his journey to financial independence. Jordan’s take is different from many of my previous guests, and I found it refreshing and a good reminder to focus on what matters most

Key Takeaways:

I hope you enjoy this conversation with Jordan as much as I did! 

Resources:

Jordan’s Books: 

Hey there, Money02 listeners! This is part 1 of 2 insightful conversations with Betsey Stevenson, a Harvard-trained PhD in economics who has served as the Chief Economist at the U.S. Department of Labor and as a direct advisor to President Obama on labor and social policy issues.

In this episode, Betsey shares her journey into economics and how she became passionate about using economic tools to make good decisions for individuals and communities. We dive deep into some of the most important economic principles for us ‘non-economists’ that everyone should and can utilize to better serve their own financial life, including understanding opportunity costs, thinking incrementally, and considering the costs and benefits of every decision.

Betsey also shares valuable tips for Americans to protect their purchasing power during times of inflation, the benefit of side hustles in preparing for macroeconomic downturns, and other trends that Betsey foresees impacting the average American's financial well-being. This episode is packed full of information and is a brilliant opportunity for us to learn from someone like Betsey who is a renowned Professor of Economics/Public Policy - teaching at top universities like the University of Michigan, UPenn, and more. It's a kin to a crash course in economics. My hope is that learning from Betsey gives us all better tools and frameworks, so, as Betsey puts it, we can all "think like an economist."

Enjoy Part 1 of this episode with Betsey Stevenson.

If you feel like reading a textbook on economics, find Betsey’s textbook here: Principles of Economics

In this episode, we’re joined by personal finance expert Jonathan Clements. Jonathan spent over 20 years at The Wall Street Journal as the newspaper’s personal finance columnist, 6 years at CitiGroup as the Director of Financial Educator, and is the author of multiple books on the topic of money. Today, Jonathan shares invaluable wisdom gleaned from his decades of experience as a financial journalist and author. Hear the fascinating story of how his family history and upbringing shaped his lifelong interest in money.

Key Takeaways:

Enjoy this conversation with Jonathan Clements!

Check out some of Jonathan’s books here: 

My Money Journey

How to Think About Money

Check out Jonathan’s website HumbleDollar

Listen to Bill’s Podcast, Catching Up to FI

In this episode, we're joined by Jenn Lyles, who shares her inspiring journey to financial freedom and the sacrifices she and her husband made to achieve it. Jenn takes us through their remarkable experience, where they conquered a $215,000 mortgage not in 30 years, but in just 4. Their path to becoming debt-free wasn't conventional; they made sacrifices that many wouldn't consider, such as renting their house on Airbnb and staying at motels or on friends' couches to accelerate their mortgage payments.Jenn's story carries a powerful message of empowerment and possibility. It serves as a reminder to us all that, regardless of background and circumstances, with determination and a willingness to make sacrifices now, anyone can achieve financial freedom and reap the benefits in the future. Whether you're currently dealing with debt or not, tune in to gain inspiration on what's possible.

For more details on Jenn and the TikTok Shop Webinar:Beauty Schools Marketing Group

About Allan Roth

Click here to buy "How A Second Grader Beats Wall Street"

Welcome back to MONEYO2! I am absolutely thrilled to introduce this week's guest, JL Collins. JL is not only a renowned financial blogger but also the author of what I believe is one of the simplest yet most powerful books on personal finance, aptly titled "The Simple Path to Wealth." Remarkably, he achieved full financial independence in his late 30s. In this episode, we're diving into a masterclass on some of the key insights from his book and exploring his personal financial journey. If you haven't read "The Simple Path to Wealth" yet, trust me, you're in for a treat. I've personally gone through it three times, and I genuinely believe it's a must-read for everyone. Today, we're privileged to have J.L. Collins on the show to share a glimpse of his wisdom. We’ll discuss why JL chose to focus on early financial independence, unravel the basics of following the simple path to wealth, navigate the two different phases of your financial life, learn how to alleviate the fear associated with investing and so much more. This episode is not just a conversation; it's a valuable journey into the world of financial wisdom with J.L. Collins. Whether you're a seasoned investor or just starting on your financial journey, there's something for everyone. Tune in and soak in the insights from a true expert in the field. Get ready to enjoy this episode with J.L. Collins as we explore the path to financial independence and take the fear out of investing. Enjoy!

Click to purchase The Simple Path To Wealth and/or PathFinders

Read JL's Blog Here