The Wealth Edit Podcast

Danielle Cole joins us today as she talks about how to best grow your wealth. Danielle is a Financial Planning Advisor for Facet Wealth, where she gives us some amazing tips and techniques for women to have control over our finances.

Here are some steps she suggests for women to be able to have control over their finances:

-  Know what you have (financial inventory)

-  Start with your basic cash flow and decide where you want to put it

-  Always have a goal you are working towards for your finances

-  Find where to save… Common areas will be in your 401k, IRA account, or health savings account

-  How to save… Take advantage of automatic savings so you will be living off of what’s left over

-  Find a balance between short- and long-term savings

Make sure to listen in to hear her advice on how much to save, when you should make the decision to increase or decrease your savings, and why! Oftentimes, the husband or man of the household is in charge of the finances and controls spending habits, but Danielle encourages everyone to take emotions out of money and come to an agreement on spending. Make sure you stay until the end to find out her top three tips on what you need to know if you are not involved in your family finances!

If you want to get to know Danielle more, visit her introduction, and if you want reach out to her practice for financial planning, contact Facet Wealth.

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!

On this episode, we talk with Danielle Yancey, author of The D/Tales, a lifestyle blog that explores all aspects of life. Danielle talks us through her different stages of life: She started off at a retail company, then along the way ended up on a reality TV show called Jersey Belle during a difficult period in her life where she struggled with infertility. She opened up about her challenges on her blog, where she received hundreds of supportive messages from readers who have gone through the same challenges as her. Make sure to listen in to a heartfelt message a reader left for her, showing that those that are going through infertility complications are not alone.

Along her 7-year journey, she complied advice for someone struggling with infertility:

-  Delve into the logistics and information about infertility and what can be done

-  Find one or two friends that you can confide in and openly speak to them about the issue… Don’t be afraid to reach out or join a support group

-  As a friend of someone struggling with infertility, just listen and ask questions to see what they need

It is no surprise that infertility racks up major expenses with references, surgeries, or new tactics, so listen in to hear how she managed her finances during this process. Danielle always wanted to do a blog but the timing never worked out so this year was a perfect start. As of now, she is posting a variety of different topics and stories, but at the core of the website she wants to highlight her interests, so mainly cover topics in home and interiors, then different décor techniques.

Read more about Danielle’s story at The D/Tales.

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!

On this episode, we talk with Lindsay Johnson about how she started her company Weezie Towels and how she feels about outside financing in the beginning of starting a business. She speaks about juggling COVID-19, a new baby, and her business. She co-founded her business to fill a desire for luxury towels and wanted to create an easier way for shopping for high performance and desirable design for a luxury brand of towels.

Advice for starting a business:

-  Nothing happens overnight. It takes a long time to officially launch. It took Lindsay two years!

-  You need to be passionate about your business. You should go to bed thinking about it and wake up thinking about it.

-  Feel comfortable and confident in your business before hiring employees so that you can be masters before trying to teach new helpers.

-  Seeking outside funding is a very personal decision. There are a lot of variables to consider.

-  Keep your marketing cohesive.

Starting a business can be daunting. There are a lot of factors to consider, and there isn’t always a clear answer. The start-up process is a very individualized process and should be treated as such. Your business should be something your passionate about, it will become a huge part of your life. Even in the face of COVID, though many of their launches have been pushed back, Weezie is still finding ways to thrive!

Visit Weezie’s website here.

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!

On this episode, we talk with the mother-daughter duo that run The Style That Binds Us, Alison Bruhn and Delia Folk. Delia, a former buyer for Barney’s, started The Style That Binds Us with her mom Alison as a lifestyle and community brand. As a former stylist, Alison works as a wardrobe consultant editing closets, packing people for trips, and special occasion dressings. Delia works with emerging fashion brands focusing on business and growth strategies. Here are some tips from the team on building your wardrobe:

-  Spend the most you can on workforce clothes as these will last multiple seasons

-  Think quality not quantity

-  Once you have your workforce clothes, you can put your money towards the trendy, statement pieces

-  Do not shop off of your social media

Allison and Delia explain that you do not have to pick one look. We wear so many hats, so we can play with fashion. When starting your own business, your age or where you are in your life does not matter. Life is never over. We always have time to make a pivot. If you want to create something and watch it grow, you have the chance to.

Stay tuned until the end to hear how we as women can be more ambitious.

Visit their website here!

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!

On this episode, Ginger Mayfield of Mayfield College Advising talks about stress reduction and scholarships. She talks through valuable tips for picking the best school for both the parents and the children. When looking to hire a private college counselor, she suggests finding someone who is a member of a professional organization with standards. Since it is an unregulated field, you need to vet them. Here are some tips to reduce stress from Ginger:

·  Know your budget as parents

·  Communicate your budget early and often with a lot of reminders

·  Know your child’s strengths and limitations. Being honest is important.

·  Make sure to have attractive choices at the end of the process

Ginger helps the students learn how to do research on different schools and find the best fit for them based on their strengths and limitations. She explains that students need to differentiate between the question of why they want to go to college and where they want to go. The answer to the first question can give guidance to help answer the second.

Stay tuned until the end to hear how to help your child make the best college choice!

Visit Ginger’s website here!

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!

On this episode, Helen Owen is back again to discuss thoughtful budgeting practices. After selling real estate for years, Helen helps the Wealth Edit with providing guidance to budgeting your money. As Helen always says, if you have ten cents, you should only be spending nine.

Here are some tips from Helen:

·  Organize your gross monthly income and total living expenses. This should be less than monthly income.

·  Budgeting is a marathon, not a sprint.

·  We can always do better!

When you get your money straight, everything else will follow according to Helen. When you are in debt or have too big of a mortgage payment, you cannot turn a blind eye. You need to turn around and face it, look at what is real, own it, and do something about it. Everyone has something they are dealing with financially, so you are not alone in this battle. Nonetheless, when you have extra money per month, spend it! You earned it so have fun with it.

Stay tuned until the end to hear what you can do today in regard to budgeting!

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!

On this episode of The Wealth Edit podcast, we talk to Chelsea Rixner, who discusses the importance of financial planning and how hiring an advisor can be a beneficial investment. Being a third-generation certified financial planner (CFP), she knows how important this line of work is and how many people can be helped by gaining some outside financial guidance. She highlights that using a financial planner is like “going on a road trip together”, where the planner is the GPS that will map out the best course of action in order for you to reach your destination or goals. Holding people accountable for their wealth and making sure that they are properly maintaining their funds are just two aspects of what a CFP can help with. Tune in to learn more about the benefits of having a financial planner and what is the best course of action to get back in control of your money!

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!

In this episode, we talk with Allison Freidin, the creator of the Museum of Graffiti, inspired by Allison’s passion for graffiti art, its evolution throughout history, and its impact on society. The museum is the first and only museum exclusively dedicated to the graffiti art form located in Wynwood, Florida. Throughout the conversation, Allison shares her story growing up in Miami with hard-working parents and pursuing careers in legal work and public service. Allison has always loved the arts, and she began representing local graffiti artists through her legal position. After working as a prosecutor, Allison left to pursue a position in public service and hone in on her interest in the arts. Inspired by the positive changes graffiti art made in her own neighborhood, Allison grew passionate about educating people on graffiti artists and singing the song of unsung heroes. While gaining corporate experience as Government Counsel and becoming Vice President of her firm, Allison built the Museum of Graffiti.

Allison speaks to the challenge and rewarding process of hard work, and we discuss the level of determination and commitment necessary to build a business. Anything that’s worth doing is hard. After many years of full-time work days and long nights, the Museum of Graffiti officially opened in 2017.

Though the museum has successfully launched, it doesn’t stop there. Allison constantly looks forward to what is next and how she can continue to grow and expand her business, such as keeping in touch with charities during the COVID-19 pandemic and creating virtual tours. She also speaks to the importance of financial knowledge and what she has learned in growing her business. Allison also shares her top financial tip which is to look at what the return is for every dollar you spend. She embodies the successful impact of hard work, and relays the message we have to be true to who we are and what we want as there are always opportunities to make changes.

To learn more about Allison and the Museum of Graffiti follow @museumofgraffiti on all social platforms, or find them online at https://museumofgraffiti.com/ where you can read more, book a tour, and support some of the top local and global graffiti artists!

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

On this podcast episode, we hear from Michelle McCray and learn about her work as a Shipt shopper and what her job has led to regarding new connections and new mindsets. Going into being a shopper, she did not know what to expect, but there was more to gain from it than just a source of income. Michelle shares her experiences and how meeting new people and learning more about them drives her to work harder and push to be better in order to be like the women she is meeting. She talks about how her faith guides her, and she takes each day as a new beginning for a fresh start. This episode also touches on race relations and how preconceived perceptions of people and groups hinder connections. Michelle brings her exuberant personality and covers many topics that are essential for discovering yourself in the world of new relationships and finding your identity.

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!

On this episode, we hear from Julie McDonald and Lisa Graham, founders of McDonald Graham Psychology at Work, a leadership development and coaching partnership. Julie and Lisa talk about the importance of collaboration, trust, open communication, and developing leadership skills before difficult situations come up. They explain that inner work and self-awareness are foundational for good leadership. Julia and Lisa combat the idea that leaders are only people in powerful positions. They explain that how you show up, serve others, and influence others through your actions is what makes you a good leader.

Questions for self-evaluation:

-  Who I am as a person?

-  What do I need in my life to be fulfilled and therefore working at my best?

-  What are the things that invisible barriers that I need to work through?

-  What are my strengths and how do I build a team around me to offset my weaknesses?

They apply their leadership coaching to personal finance by discussing how to push through the confidence gap of handling finances, recognize invisible barriers, and identify why it is so difficult for women to talk about finances.

Lastly, they discuss how to be empathic in light of recent riots and protests:

-  Connect with what other people are feeling

-  Listen, hear, and understand other’s experiences

-  Validating the feelings others have

Be sure to listen until the end to hear how to practice self-compassion and how to empathetically give effective feedback and performance reviews.

Visit their website here!

To learn more about the Wealth Edit, visit our website and take our quiz!

We post fun updates and tips on our Instagram, @wealthedit, and YouTube, so make sure to come see us!

Check out the podcast on Spotify!