Retire Ready Too

Learn how to overcome your money mistakes in this insightful interview with financial expert Nia Adams. Find out how to turn your financial setbacks into successful money management strategies.

Everyone makes money mistakes. Whether it’s spending too much, not saving enough, or making a bad investment, we’ve all been there. These mistakes can make us feel disappointed or frustrated. But they don’t have to hold us back forever. In fact, they can teach us important lessons and help us make better choices in the future.

In this week's podcast episode, Overcoming Your Money Mistakes, my guest, Nia Adams and I talk about how you can learn from these challenges. The first step is to recognize your mistakes without beating yourself up. Mistakes are a normal part of life, and they don’t define who you are. What really matters is how you move forward.

By reflecting on what went wrong and why, you can begin to make better decisions.

Resources mentioned in the video: 
Books: 
Budgets Mindsets, & Money Moves by Zinnia Adams - https://amzn.to/43HuprJ

Life is Short Buy the House - https://amzn.to/3QfUut5

Nia's contact information: 

https://perspectiveschange.com
https://youtube.com/@moneyperspectives
https://facebook.com/moneyperspectives
https://tiktok.com/@moneyperspectives
https://instagram.com/moneyperspectives

Welcome to Retire Ready Too, the podcast dedicated to helping first-generation wealth builders achieve financial freedom and retire with confidence. Hosted by Renee Collins, CPA and financial planner, this show dives deep into the essential steps you need to take to secure your retirement. In each episode, we explore key financial strategies, common mistakes to avoid, and actionable tips for building a retirement plan that fits your unique lifestyle.

In this episode, Renee tackles the number one mistake people make when planning for retirement—failing to have a plan. 

Discover why retirement planning is crucial, how it mirrors planning a dream vacation, and what questions you need to answer to ensure a comfortable and worry-free retirement. 

Whether you're thinking about your starting point, envisioning your retirement lifestyle, or figuring out how to manage your investments, this podcast will guide you through the process.

Tune in to Retire Ready Too and start your journey toward a financially secure and fulfilling retirement. Your future self will thank you!

Website: www.retirereadyinc.com

SCHEDULE 30-MIN FREE STRATEGY SESSION: https://www.retirereadyinc.com/contact

Have you ever had a day that just felt like it didn't go the way you had hoped? Maybe you came home and said, "I just need to escape," and found yourself indulging in some retail therapy? 

"While it can feel great in the moment, it can also come with some side effects"

This week's episode delves into how to enjoy a little bit of retail therapy without breaking the bank.

Renee, a CPA and financial planner, discusses the emotional connections tied to shopping and how it can serve as a coping mechanism for stress, sadness, or boredom. She shares personal anecdotes and highlights the cultural influences that drive our consumer behavior.

To navigate retail therapy responsibly, here are a few tips: 

Create a Spending Plan: Allocate a specific amount for fun purchases at the beginning of the month.

Mindful Spending: Be intentional with your money and understand the motivations behind your purchases.

Emotional Awareness: Identify emotional triggers and find alternative ways to cope.

Set Goals: Keep your long-term financial goals in mind to avoid impulsive purchases.

Retail therapy can be a fun way to treat yourself, it is essential to to maintain balance in spending to support our financial wellbeing today and tomorrow. 

Enjoy the episode and don't forget to subscribe to our channel or podcast. 

Share the information with anyone who could benefit from it. 

Are you tired of the paycheck to paycheck struggle? It does not have to be this way, sign up for a FREE 30-minute strategy session, let's start a journey financial clarity and confidence: https://www.retirereadyinc.com/contact

Disclaimer: The content presented in this video is provided for informational purposes exclusively and should not be considered a source of, or substitute for, professional tax, legal, or accounting advice. We strongly recommend seeking guidance from qualified professionals in those fields to address your specific needs and concerns.

Have you ever heard that in order for you to have financial success, you need to have a healthy relationship with your money? Well, what does that mean exactly? 

Join Renee Collins, CPA, financial planner, and founder of Retire Ready, as she delves into the concept of having a healthy relationship with your money and how it can transform your financial life.

In this episode, Renee provides five essential tips to help you develop a positive connection with your finances:

1. Talk About It: Break the silence around money and engage in open conversations with trusted friends and family to enhance financial literacy and make smarter financial decisions.
2. Be Kind to Yourself: Avoid the social media comparison game and appreciate your unique financial journey.
3. Forgive Yourself: Let go of past financial mistakes and understand that you did your best with the knowledge and resources you had at the time.
4. Spend Time with Yourself: Reflect on your beliefs and emotions about money to better align your financial decisions with your values and goals.
5. Understand Your Environment: Recognize how your surroundings and the people you spend time with impact your financial habits, and foster relationships with those who share similar financial values.

Renee emphasizes the importance of self-awareness and creating a supportive environment to achieve financial well-being. Whether you're struggling with debt, saving for retirement, or simply looking to improve your financial habits, this episode offers valuable insights to help you on your journey.

If you are interested in setting up a 30 minute consultation. Sign up here: https://www.retirereadyinc.com/contact

If you enjoyed this episode please like and share with a friend. See you next week!

Rahkim Sabree Talks About His Path to Financial Therapy | Helping with Financial Healing

Join us in this engaging interview with Rahkim Sabree, a dedicated supporter of financial empowerment and an experienced entrepreneur in the financial services industry. Rahkim walks us through his exciting career journey, from starting as a part-time bank teller to reaching high levels in financial therapy, and introducing us to this growing field.

He discusses how he shifted from seeing financial education as the ultimate solution for financial problems to understanding the complex connection between financial behaviors and generational trauma. With his extensive experience, spanning more than a decade in finance, he now focuses on encouraging responsible money management and facilitating financial healing.We explore what financial therapy is, blending elements of mental health and financial planning. Rahkim shows how this relatively new area, though still unregulated and about 30 years old, is changing how we manage our relationship with money and our responses to the economic systems around us.

Rahkim shares powerful stories and personal insights on how he came across the idea of financial trauma while working as a financial educator, and how it interacts with cultural factors, especially within the black community. He introduces his distinctive method in financial therapy, which combines understanding of trauma and cultural sensitivity, offering a deeper connection beyond theoretical concepts.

Don't miss this important discussion where Rahkim Sabree shares his journey of merging financial understanding with emotional health, giving a new perspective on financial therapy.

In the pursuit of financial freedom and wealth building, women encounter distinct hurdles. With a landscape defined by a persistent gender wage gap, the reality of living longer, the disproportionate burden of student loan debt, and the often overlooked role as primary caregivers, the financial journey for women is complex.

In this episode, we delve into:

- The Gender Wage Gap: Unveiling how this persistent issue affects women's ability to accumulate wealth and strategies to bridge the gap.

- Longevity's Financial Implications: Women live longer, so how do we ensure that our retirement savings last?

- Student Loan Debt: Understanding the impact of being the largest holders of student loan debt on women's financial health.

- The Caregiver Challenge: Balancing the noble role of caregiving with the need to secure our financial future.

Struggle to believe wealth is possible starting from zero? Then, this episode is crafted just for you!

Renee Collins, a CPA Financial Planner, shares empowering insights on how to set your wealth-building journey into motion, even if you’re starting with nothing.

The episode is inspired by Anne-Lyse Wealth's article, How To Build Wealth When You Don’t Come From Money
https://hbr.org/2022/03/how-to-build-...

Renee introduces invaluable thoughts on overcoming financial hurdles, developing money-friendly attitudes, and reshaping financial beliefs. Remember…to build wealth you have to believe it is possible. 

You have to believe that you deserve financial well-being.

In this week's podcast, our amazing guest contributor, Nia Adams reveals her incredible journey of taking control of her financial struggles and turning them into financial successes.

She opens up about the stressful times she faced as a young single mother before transforming her finances in powerful ways. From paying off $50K worth of debt to becoming a real estate investor and Certified Financial Education Instructor, she now educates and empower other women to take control of their finances to become money savvy and confident homeowners.

Nia shares 5 steps to help potential homebuyers navigate the buying process

Being a successful homeowner requires preparation and research. Even if your credit is in order, it's crucial to ensure you can afford the house that you're buying. 

To prepare for home ownership there are five key steps: 

• Build an emergency fund and have money for closing costs.
• Eliminate debt this can help buyers qualify for more mortgage options.
• Select the best team of professionals, research their brand and services before signing any contracts or agreements.
• Research loan products available in order to choose the best option that works for you; be aware of down payment assistance programs as they may come with certain requirements such as higher credit scores or needing to stay in the property for a set amount of time.
• Lastly, create a budget so that you are comfortably paying your current bills when taking on additional expenses like a mortgage payment.

In addition, we discuss the complexities that come with the home buying process...including down payment assistance programs, negotiating closing costs, getting a home inspection and understanding loan estimate documents – all things that are essential when buying your own property.

Listen now and take away valuable information about this crucial part of life - owning your dream abode!

 ========

Mentions In The Podcast:

Nia Adams:

Certified Financial Educator

Founder: Perspectives

https://perspectiveschange.com/freehomeguide

https://www.amazon.com/Life-Short-Buy-House-Homeownership/dp/B0BHLH7Z6L

Are you dreaming of buying your own home, but feel like it’s impossible because of your credit challenges? Have you filed for bankruptcy or are still paying off student loans? Maybe you are a business owner with zero taxable income. 

If you feel there are challenges stopping you from buying a home, don’t give up!
There are plenty of options and resources available if you know where to look. 

This week’s episode of the Retire Ready Too podcast, our guest contributor Arlene Pryce, Branch Manager and Mortgage Consultant of Team USA Mortgage provides assistance to aspiring homeowners who thought their dream of owning a home was out of reach. With years of experience in the industry and an abundance of knowledge, she is determined to help you achieve your goal of buying a home even if you don't fit the standard borrower profile. 

We discussed everything potential home buyers need to know about mortgages so that they can make an informed decision before committing themselves financially and emotionally into the home buying process. Tune in today!

Mentions In The Podcast:

Arlene Pryce, Branch Manager & Mortgage Consultant
630-439-4497
[email protected]
Team USA Mortgage LLC, NMLS 234808
Illinois  #031.0039298
1709 Tullamore St, Suite #D Bloomington, IL 61704
www.teamusanaperville.mymortgage-online.com/

If you have every struggled with your finances and feel that you have tried every type of budget, watched how to create the best budget on YouTube videos, checked out finance podcasts, but nothing is working.

It may be time to talk to a financial therapist. Yes, they exist! 

Financial therapy is a great way to gain insight into your financial struggles and learn strategies to handle them.

Talking to a financial therapist can help give you the tools and techniques needed to stay on track with your financial ambitions.

With their expert help, you will be able to recognize issues that need addressing and gain a better understanding of your behavior, financial goals and habits.

On this week's Retire Ready Too Podcast, guest contributor Lindsay Bryan-Podvin, Financial Therapist and author (The Financial Anxiety Solution) discusses  how financial therapy can lead to having a healthier relationship with money and provides guidance for navigating the holiday season without breaking the bank or losing track of what matters most.

This episode serves as an insightful resource for anyone struggling to get their finances in order.
=========
Resources mentioned in the podcast

Lindsay Bryan-Podvin, Financial Therapist
https://www.mindmoneybalance.com/
Book: The Financial Anxiety Solution