LEAD LIKE A GIRL

S3 E37 - The Power Playbook Series: Part 1 - Mastering Your Finances


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In part 1 of a 3 episode series of Lead Like a Girl, host Coralyn and guest Jamie discuss the importance of financial wellness with expert Hannah Rein. They explore various aspects of personal finance, including budgeting, debt management, and the psychological factors that influence financial behavior. The conversation highlights the significance of understanding one's financial background and how it affects relationships, as well as practical strategies for achieving financial goals. In this conversation, the speakers discuss the importance of reframing financial goals, effective budgeting, and communication between partners. They delve into the basics of investing, emphasizing that it is a personal journey that requires understanding one's goals and risk tolerance. The discussion also addresses the challenges of living paycheck to paycheck and offers practical advice for managing finances, including the significance of side hustles and negotiating expenses. The conversation concludes with a light-hearted segment on personal financial preferences.takeawaysThe first step in managing debt is to write it down.The snowball method builds momentum in debt repayment.The avalanche method focuses on paying off high-interest debt first.Understanding childhood money experiences can shape adult financial behavior.Communication about finances is crucial in relationships.Creating a financial plan helps couples work towards shared goals.Using tools like a cash dash can simplify financial discussions.It's important to forecast conservatively when budgeting with variable income.Reframing financial conversations can reduce conflict in relationships.Financial education is key to achieving financial independence. Reframing financial goals can help in achieving long-term success.Effective communication about financial goals is crucial for couples.Budgeting is often disliked, but finding a suitable system is key.Investing should start with understanding personal goals and timelines.You can begin investing with as little as $1.It's essential to secure your financial foundation before investing for children.Cutting costs and increasing income are vital for those living paycheck to paycheck.Building an emergency fund is a critical first step in financial planning.Investing is not as complex as it seems; focus on the basics.Taking small steps can make financial management less overwhelming.titlesMastering Your Finances: A Guide to Financial WellnessThe Psychology of Money: How Your Past Shapes Your SpendingDebt Management Strategies for a Brighter Financial FutureBuilding a Financial Plan: Tips for Coupleskeywordsfinance, budgeting, financial planning, debt management, personal finance, financial education, money psychology, relationship dynamics, financial goals, investing, financial goals, budgeting, investing, communication, personal finance, financial education, couples finance, money management, financial challenges, side hustles

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LEAD LIKE A GIRLBy Jessica Smith, Coralyn Musser and Jamie Knebel