Wealth Witches

Investing doesn’t have to be scary, and you don’t need a huge amount of money to get started. Just know that you’re really missing out if you’re only using savings accounts. Even high-yield savings accounts don’t keep up with inflation.

Looking at retirement investments like IRAs, 401ks, or 403bs, you’ll have to choose some investment funds. Over a 10-year span, the stock market has always gone in an upward trajectory. I’m not talking about day trading, I’m talking about the long haul.

• If you have existing accounts right now, you should go in and make sure they’re properly invested in funds in the stock market so that they can actually grow!
• Whether you’re using an investment broker, a fiduciary, or a roboadvisor, do some research on Socially Responsible Investing and Environmental Social Governance investments and stocks and decide how important that is to you. 

How do you get started with investing?

1. If you have a retirement plan through an employer, make sure you’re getting the match. If not, get an account set up.
2. Diversify. Retirement accounts have tax advantages because they have to sit there until you’re 59.5 years old. Using a brokerage account can fund your future before you hit that age.
3. Leave it alone! The magic is in the compounding interest.

What’s the opportunity cost in not having your money invested?

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

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There are many different kinds of debt, like student loans, mortgage, auto loan, credit cards, et cetera. I have a system for prioritizing how and when to pay those off, so get something to write with.

First, write down each type of debt, the interest rate, minimum monthly payment, and payoff amount. Once you can see them all, put them in order from highest interest rate to lowest. In general, your goal is to pay off your highest interest loans first, before aggressively saving.

I’m not in the “debt is bad” camp.  I firmly believe that debt is a tool.  If you have a low or 0% interest loan, it may not be worth it to pay it off. It may be better to keep to your payments and invest the extra.

There are many variables here. For example if you’re looking to buy a house, the mortgage company is going to look at your debt ratio and the monthly mortgage payment they would qualify you for. Making a payment towards a debt will help your credit score, but if it’s not enough to pay it off entirely that payment will still be considered part of your debt ratio so that doesn’t make sense. It may make more sense to put that amount in savings or an investment.

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

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Today we’re talking about what I call the “anti-budget.” If you’ve tried every budget solution under the sun and are still struggling, this episode is for you.

The basic Anti-Budget system is like this:

• Money comes into your account.
• Prioritize bills that are due.
• Automate retirement, savings, or debt paydown goals
• The rest is for you.

If you’re paying yourself, that means that you can choose when to pay yourself and plan which bills come out of each pay period.  And remember, most of your due dates can be moved!

If you have an employer and are able to split your paycheck into separate accounts, that’s a really easy way to contribute to your savings goals. If that’s not an option, then do what you can to automatically transfer to savings so that it’s out of sight, out of mind. Adjust the automated transfers as your income changes, and even adjust your goals if needed.

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

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When it comes down to it, no matter how frugal you are, if you’re not making enough money to cover your expenses, your money isn’t going to work for you the way you need it to.  The thing is, you can only cut expenses so far.  Bottom line is that you need more income. 

I do have a few tips for how to make the income-expense gap larger:

• Every few months, check your subscriptions.  Did you start a free trial and forget to cancel? Is there a service you only use seasonally?
• Don’t cancel things you get joy and happiness from. It’s not worth the hit in quality of life.
• Negotiate for a raise, start a side hustle, or pick up a couple extra shifts
• Your best negotiating position comes right before getting hired somewhere - job hopping is actually great for your career! 

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

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It’s not a riddle - I’m serious! As someone who has done the diets and programs and yo-yoing in general with my own health, I have found that there are a lot of similarities between the diet industry and the finance industry.

• Lots of restriction often leads to binge spending
• Large, long-term changes don’t happen overnight
• Resources available play a large role
• Drastic changes are harder to sustain long-term 

Not everyone has the same goals.  Take a look at what your life looks like right now, then look at your 2, 5, or 10 year plan and work backwards.  What small things can you do to work in that direction?  What does that look like today? Or next month, or next quarter?  Those lofty goals can seem a lot more attainable when you break them down that way.

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

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I’m back for Season 2!  This season will cover all things personal finance, including:

• What the diet industry and personal finance have in common
• How to YOLO and treat yourself and still reach your goals
• How to make a savings plan
• Leveraging debt
• How to job hop and side hustle
• Limiting beliefs that may pop up

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

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It’s tax season… do you have your finance shit together? Do you have the right designations and deductions in order? The good news is that you have me!  

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

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Today we’re going to talk about bridging the gap between personal and business finances and creating habits and systems that are sustainable across both, because they’re not completely separate things. 

• What is your actual end goal? Hint: it’s different for everyone!
• Are your offerings aligned with what you’re good at, what you like to do, and what is profitable?
• What feelings come up around money? Is your energy calm and collected towards both your personal and business finances?

Having clarity, ease, and comfort with your personal and business finances are really important because they are so interconnected.  Once you’re all set up the way I’ve outlined here (and if you already have, I’m so proud of you!), there’s a constancy, predictability, and confidence that comes with that. 

I challenge you to go do one small thing, right now, that moves your finances forward. 

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

A Podcast Launch Bestie production

I can see the eyerolls now… quarterly taxes. You shouldn’t be thinking about taxes only during tax season. You may think that paying taxes quarterly would be an even 3-month rotation, but payments are actually due April 15th, June 15th, September 15th, then January 15th of the following year. If your state does income taxes, their dates may be different.

Paying quarterly estimated taxes is just another way to pay your tax bill.  It actually means you don’t have a massive tax bill in April that you may end up having to put on a credit card or payment plan. There are other ways to go about paying it, so make sure you check with your tax preparer about that. If you would like help from me and my team, you can reach out on Instagram.

Now understand, quarterly estimated taxes are just an estimate! You won’t know what your total taxes owed are until your taxes are filed so if your profit was different from last year, the estimate won’t necessarily match. Paying the estimate allows you to avoid underpayment penalties from the IRS - that’s it. You may still owe at the end of the year if your business grew, or you may get a refund for overpaying if there was a dip in sales.

Inside my course, there’s a tax calculator that will help with this. Overall, I still recommend that you meet with your trusted tax professional once or twice a year outside of tax time to make sure your entity is correct, retirement is set up correctly, you’re not missing anything, and if anything needs to be changed before the year closes.

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

A Podcast Launch Bestie production

This is an information heavy episode, so get ready to take some notes!

First, calculating how much your business should make based on your personal financial needs. Start with listing all your personal expenses like rent and utilities, then add 20%. That’s a starting point for the amount of money you need each month. To find your business revenue goal to support that, double that number. That’s your revenue goal in order to cover your owner pay, business expenses, and 20-30% saved for retirement and taxes. This is just a starting point, so adjust as needed.

Now, the big F-You to “profit first.” On paper, it sounds like a great idea, but in reality it’s much easier to mess up when you’re trying to do it yourself. Most businesses getting started aren’t making enough profit to support this system, so there are more transactions happening than necessary just moving money around. I recommend 1 checking account, 1 savings account, and 1 credit card for your business.

How can you make things simpler?  Can you set some bills on auto pay?  Does traditional budgeting work for you or not?

We cover ALL of this in the “Get Your Finance Sh*t Together” self-study course at confidentmoneypodcast.com!

Join our community at confidentmoneypodcast.com where we’ll share tips and resources, and you can suggest topics for future episodes.

Enter to win a free strategy session with me!  Leave a 5-star review and include your IG handle to enter. We draw the winner at the beginning of each month. 

FTC/Affiliate Disclaimer: By using some of these links, at no extra cost to you, I may earn a small commission or referral fee, which helps me continue to produce content like this, support my business, and my team.

DISCLAIMER: I am not a financial advisor and this is not financial advice. My podcast is for educational purposes and is my personal opinion only. To make the best financial decision for your situation, please do your own research and if needed, seek the advice of a fee-based, fiduciary.

Music credit: Neon Fairies by Wolves 

A Podcast Launch Bestie production