Work Your Wealth Podcast

This week I sat down with bestselling author, speaker and money coach, Barbara Stanny.

Barbara Stanny is a leading authority on women and money. Her mission is to revolutionize women's relationship with money. As a bestselling author, sought-after speaker, workshop facilitator, and money/wealth coach, Barbara has helped millions take charge of their finances and their lives.

Barbara's background in business, her years as a journalist, her Master's Degree in Counseling Psychology, her extensive research, and her own dramatic experience with money give her a unique and powerful perspective on women's financial issues. She has been featured on Good Morning America, The View, Extra, The O'Reilly Report, and many times on CNN, MSNBC, CNBC, Fox News, PBS, and NPR, as well as the New York Times, and USA Today. She is the author of Prince Charming Isn't Coming: How Women Get Smart About Money, Secrets of Six-Figure Women, Overcoming Underearning, and Finding a Financial Advisor You Can Trust.

HERE'S WHAT YOU'LL LEARN FROM THIS EPISODE:

• What financial success can look like
• The three levels of financial development
• The realizations or beliefs that need to be changed in order to make progress with your money
• Why your difficulties with money have very little to do with money
• What power from a feminine perspective looks like
• Why you need to be willing to rock the boat
• Why a financial achievement is always preceded by a financial challenge
• What happens if you're really committed to making a change
• How to overcome under earning
• What a powerful support network looks like

LINKS WE MENTIONED ON THE SHOW:

• Barbara's website
• Barbara's Monthly Money Mondays
• Barbara's book, Overcoming Underearning
• Karen McCall's website: Financial Recovery

This week I sat down with human resources pro and founder of sproutHR, Ashley Cox.

Ashley Cox is the HR Partner for Creatives at sproutHR, where she helps you hire, train and lead your thriving team, all with confidence and heart. Ashley can help you create a simple, actionable plan to hire your first team member, provide guidance and resources on training and leading your team, and work with you one-on-one to create strategic, long-term plans and programs suited specifically to your business.

HERE'S WHAT YOU'LL LEARN FROM THIS EPISODE:

• What you might be overlooking in your benefits and compensation
• What your total compensation entails
• The qualities to look for when you're searching for team members
• Why your core values matter
• How to establish yourself while also staying within a company's core values
• How to gel with someone isn't quite a fit for your team but has been placed on your team
• The qualities and traits of a thriving team

LINKS WE MENTIONED ON THE SHOW:

• HR Worksheet for Hiring
• Ashley's website
• Ashley's e-mail

This week I sat down with another financial planner, entrepreneur and educator, Alan Moore, to talk about the things you don't know to ask (but should) of any financial planner you work with.

Alan Moore, MS, CFP® is the co-founder of the XY Planning Network and is the Champion of NextGen at Abacus Wealth Partners, a fee-only RIA and financial planning firm managing over $1.5 billion AUM. He is passionate about helping financial planners start and grow their own fee-only firms to serve Gen X & Gen Y clients largely ignored by traditional firms. Alan has been recognized by Investment News as a top "40 Under 40″ in financial planning, and by Wealth Management as one of a "The 10 to Watch in 2015″. Alan frequently speaks on topics related to technology, marketing, and business coaching, and has been quoted in publications including The Wall Street Journal, Forbes and The New York Times. He currently lives in Bozeman, MT so that he can hit the slopes on powder days.

HERE'S WHAT YOU'LL LEARN FROM THIS EPISODE:

• What the next generation of financial planning looks like
• What a Fiduciary is and what it means to "act in your best interest"
• Questions to ask a financial planner before working with them
• How to determine if a Financial Planner is the right Financial Planner for YOU
• The issues you might face in finding a financial planner that is a fit for you and how to overcome them
• Considerations for putting a value on financial planning advice for your situation
• The organizations that exist to advocate for you as a consumer

LINKS WE MENTIONED ON THE SHOW:

• John Oliver: Retirement Plans
• Sample Fiduciary Oath (This is my signed oath for the XY Planning Network)
• XY Planning Network
• CFP Board
• National Association of Personal Financial Advisors (NAPFA)
• Garrett Planning Network
• Alan's E-mail address
• Alan's Website
• Schedule a free 30-minute consultation with me

This week I had the chance to chat with life and business success coach, Reina Pomeroy.

Reina Pomeroy is the founder of Reina + Co, the life + biz success coaching practice for creatives who are right brained and heart centered. She helps women who have a million brilliant ideas in their heads that they can't seem to make happen. She helps them to stop spinning their wheels and take action on what's most important so they can become the go-to expert in their field. Reina is also the co-host of the Creative Empire Podcast where she gets to interview leaders in the creative industry.

Here's WHAT YOU'LL LEARN FROM THIS EPISODE:

• Key ways to manage the multiple priorities and goals you want to achieve
• What your fear voice is and how to externalize it
• How to address the negative narrative that you have in your mind
• Why it's important to articulate your values
• Conversations to have when determining if a decision or action is aligned with your values
• How to peel back the layers and be mindful when you find yourself comparing to someone else's numbers
• What taking pause to celebrate your wins looks like and how it impacts your ability to move forward with the next thing
• How the "what's next?" mindset can circumvent you from living a life you value

Links We MENTIONED ON THE SHOW:

• Reina + Co
• The Creative Empire Podcast

What are some of the top money mistakes you see entrepreneurs make with their money that I should avoid?

I find myself constantly anxious about my finances and feeling guilty when I spend, feeling guilt if I save...How do I stop feeling guilty about my money?

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions.

WHAT YOU'LL LEARN FROM THIS EPISODE:

• What accounts you should have set up.
• The numbers to look at beyond the income you're bringing in.
• The right team members you should have in place.
• How (and what type) of cushion to put in place for your business.
• What your future entrepreneur self wants you to do.
• How to zero in on the areas that are important for you to make financial progress.
• What a money fear brain dump can help you to prioritize.
• Why it's the little goals and small steps that matter.
• How to leverage your calendar and set clear-cut action steps for getting things done.

LINKS MENTIONED ON THE SHOW:

• Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money
• Work Your Wealth Facebook Community
• 9 Steps to Workable Wealth

This week I had the chance to chat with Paula Pant about all things rental real estate.

Paula Pant is a self-proclaimed globetrotter, entrepreneur and investor. She is a journalist-turned-blogger who helps entrepreneurs shatter limits, ditch the cubicle and live life on their own terms. She has traveled to 33 countries and owns seven rental properties. Her belief is that money can fuel your dreams and that it's about growing your wealth, not pinching pennies. Her blog Afford Anything is part of a larger movement to allow people to ditch the 9-5 lifestyle and master their money to embark on their dreams.

HERE'S WHAT YOU'LL LEARN FROM THIS EPISODE:

• How to streamline the amount of time you spend on renovating and managing your rental properties
• What's most important when building a team to assist in maintaining your real estate portfolio
• What's to think about when selecting a location to purchase your rental property
• Realistic expectations on the time commitment involved in finding and analyzing a property
• The hardest part of the rental real estate game
• The numbers needed to arrive at your Net Operating Income and how to arrive at your Cap Rate (and what it is)
• What Passive Income really looks like (and entails)
• Where to start and what to consider in building your renovation team
• Why informational interviews also apply to rental real estate investing
• A good rule of thumb for how much to set aside in a rental emergency fund

LINKS WE MENTIONED ON THE SHOW:

• Paula's Website Afford Anything

I've had the same credit card for as long as I can remember. I'm hearing a lot about rewards programs and the need to maximize my options. What should I know when I'm shopping for a credit card?

I'm in my late 30s and I feel like I'm doing okay with savings, but I'm not sure that I'm doing enough. How much should I have saved by now?

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions:

WHAT YOU'LL LEARN FROM THIS EPISODE:

• How we maximize credit card rewards in our household.
• Why your APR is and how it varies for different uses.
• What to keep in mind when looking for the best rewards programs.
• How your credit score can impact your APR and the credit limit available to you.
• Why your personal situation will determine what you need to stash away.
• Questions to ask yourself about goals and life to determine the amount you need to stash away.
• How to tell if you're doing enough on your own.
• Rules of thumb to use in determining the amount you need to save.

LINKS MENTIONED ON THE SHOW:

• Nerd Wallet Credit Card Comparison
• Get Your Social Security Benefit Statement
• Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money
• Work Your Wealth Facebook Community
• 9 Steps to Workable Wealth

• DO MY THOUGHTS AROUND MONEY AFFECT MY SPENDING HABITS?

  This week I had the chance to chat with Dr. Daniel Crosby, a behavioral finance expert.

  Dr. Daniel Crosby is a behavioral finance expert, a sought after thought leader on market psychology, and the founder of Nocturne Capital. Dr. Crosby created the sentiment and valuation measures that serve as the overlay for Nocturne's tactical strategy. His ideas have appeared in the Huffington Post, Think Advisor, and Risk Management, as well as columns for WealthManagement.com and Investment News.

  Daniel was named one of Investment News "40 Under 40" and a financial blogger you should be reading by AARP. Daniel's second book, "Personal Benchmark", co-authored with Charles Widger of Brinker Capital, was a New York Times bestseller that outlines a highly personalized approach to investing that aligns intention with action while fostering an investment experience that is both enjoyable and rational.

  HERE'S WHAT YOU'LL LEARN FROM THIS EPISODE:

  • What simple decisions are predictors of whether or not you reach your goals.
  • Why people who work with an advisor do better with their finances than those who don't.
  • The number one thing people can do to streamline their investments.
  • How your ego is impacting your financial picture.
  • The impact establishing and following money rules can have in meeting your financial goals.
  • Why we think that money needs to be sexy (when it really doesn't).

  LINKS WE MENTIONED ON THE SHOW:

  • The Laws of Wealth: Psychology and the Secret to Investing Success
  • Nocture Capital
  • Personal Benchmark

AM I SITTING ON TOO MUCH CASH?

HOW DO I REALLY KNOW HOW MUCH MORTGAGE I CAN AFFORD?

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions.

WHAT YOU'LL LEARN FROM THIS EPISODE:

• What amount is just enough cash to have on hand.
• Where to keep your cash savings accounts.
• How to determine what to do with additional cash beyond your emergency fund.
• Planning for short versus long-term goals.
• The lifestyle factors to consider before locking in a mortgage payment for the next 15 - 30 years.
• Decisions to make before shopping for a house.
• The #1 thing you need to get organized prior to planning a home purchase.

LINKS MENTIONED ON THE SHOW:

• Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money
• Work Your Wealth Facebook Community
• 9 Steps to Workable Wealth

This week I had the chance to chat with Manisha Thakor, CFA, CFP® ardent financial literacy advocate for women.

Manisha Thakor, CFA, CFP® is Director of Wealth Strategies for Women at Buckingham and The BAM Alliance, a community of more than 140 independent registered investment advisors throughout the country.

An ardent financial literacy advocate for women, Manisha is the co-author of two critically acclaimed personal finance books: ON MY OWN TWO FEET: a modern girl's guide to personal finance and GET FINANCIALLY NAKED: how to talk money with your honey.

Manisha is also a member of The Wall Street Journal's Wealth Experts Panel, CNBC's 2016 Financial Advisor Council, and sits on faculty at The Omega Institute. Her financial literacy advocacy work for women has been featured in countless national media outlets ranging from Real Simple and Cosmopolitan to The New York Times and The Today Show.

Manisha earned her MBA from the Harvard Business School and her BA from Wellesley College. She lives in Portland, Oregon where she delights in the active coffee culture and stunning beauty of the pacific northwest.

HERE'S WHAT YOU'LL LEARN FROM THIS EPISODE:

• How perfectionism can impact your investments
• The four stages in a person's career path and where women versus men excel
• How to move forward even with the negative screen savers in our mind
• The biggest mistakes women and men make in their finances
• Why determining what your "enough" means is imperative to financial confidence.
• What common characteristics people who are financially successful have.
• Questions that arise financially when going through a divorce.
• Being well-thy vs. being wealthy

LINKS WE MENTIONED ON THE SHOW:

• Manisha's Website (and where to sign up for her newsletter): MoneyZen
• On My Own Two Feet: A Modern Girl's Guide to Personal Finance
• Get Financially Naked: How to Talk Money With Your Honey
• Marie Forleo: Stop Self-Sabotage with this One Vital Step
• Tara Mohr: Playing Big