By the end of this episode, you’ll be inspired to make more money and live life with ease.
We’re back! Thank you so much for sticking with me after my recent hiatus. It has been an eventful eight weeks, so I'd like to start with some exciting updates. After that, I jump right into today’s topic.
Now, it does relate to the stock market, but trust me, you do not want to tune me out on this. The stock market is the greatest generator of individual wealth in the history of the world, and if done right, it will help you grow your own wealth and arrive at financial freedom. The trick is that you can’t let doomsayers scare you away from it. Today, I teach you how to discredit their fear-inducing claims so you don’t fall victim to financial traps.
You can find show notes and more information by clicking here: http://bit.ly/2gV4NBb
To start off, I answer a question from the Profit Boss® Facebook group about some unique entrepreneurs might have when buying a mortgage. One of the big takeaways is the difference between personal and business income, and why you might be affecting your chances for a loan if you keep most of your money in your business.
After that, I've got an announcement for you about the future of Profit Boss® Radio and our financial freedom movement as a whole. As this venture grows, I've decided I need a short hiatus to refresh the show and come back better than ever. I'll be back ASAP - and I know you'll be here with me!
You can find show notes and more information by clicking here: http://bit.ly/2uwyEVX
This episode answers some very important questions about how to handle sudden money and property wisely. There are so many mixed emotions and feelings when it comes to receiving unexpected (or even expected!), large sums of money. It is all too easy to let bad advice and inexperience cause you to mismanage and waste what you have received.
Data has shown that the vast majority of people who come into sudden money end up squandering it, and even end up in more debt because of it. Knowing how to handle inheritance properly, from investing to saving or selling, is incredibly necessary.
You can find show notes and more information by clicking here: http://bit.ly/2rJbOt3
Richard Eisenberg is on this episode to help us bring light to the dark reality of elder financial abuse. Nearly 1 in 20 seniors become victims of financial mistreatment or abuse, often left unnoticed and unresolved. Between con-artists and (sadly) family members who drain the savings of elderly people, around three billion dollars are stolen from seniors each year.
Knowing how to protect the elderly people in your life from financial ruin is extremely important and timely - Elder Abuse Awareness Day just passed on June 15th. Listen in for some valuable tips and ideas to help you help the ones you love and spread awareness to your friends.
You can find show notes and more information by clicking here: http://bit.ly/2sJkDqs
Amanda Steinberg of DailyWorth is back with us on the podcast today - my first-ever repeat guest!
Amanda shares why she felt inspired to write the book with a personal yet prescriptive tone. We talk about changing how women think about money - from something that's a source of shame, into a powerful tool to improve your life.
We also talk about investing and how it's expected to change in the future, and options for socially-conscious investing.
You can find show notes and more information by clicking here: http://bit.ly/2rNLPVf
Katie Krimitsos keeps it real in the world of female entrepreneurship. Too often, women get tricked into thinking that the world of business is always glamorous, but the truth is that it is more often a grind.
Katie walks us through her long and winding journey to becoming a successful entrepreneur. After years of living and breathing business, collecting piles of debt, and fighting for success, Katie has finally become a savvy businesswoman. Now she wants to share what she has learned.
You can find show notes and more information by clicking here: http://bit.ly/2qcgwhs
I'm on vacation in Barcelona this week after all the moving craziness of the past month, and was inspired to come up with a financial checklist for international travel.
Check out my checklist below, and sound off in the Profit Boss® Facebook group with your own travel tips!
And if you've got a couple minutes to spare, please hop on over to my less-than-five-minute podcast listener survey and tell me what you like, dislike, and want more of from Profit Boss® Radio. I want to help you achieve your financial goals, so be sure to let me know how I can help you get there!
You can find show notes and more information by clicking here: http://bit.ly/2rfpyeH
Welcome to part two of two of the mini-series about my recent purchase of a new home! On episode 67 I told the story of how my husband and I scored our dream home in just twenty eight days - be sure to check that one out!
In this episode I'm honored two host two incredible real estate professionals - mortgage lender and America's Mortgage Mentor, Jen Du Plessis, and award-winning realtor Aaron Hendon. This panel discussion will tell you most of what you need to know about how to ensure your real estate transaction goes smoothly and is supported by knowledgable, reliable professionals.
You can find show notes and more information by clicking here: http://bit.ly/2pXVGG9
Buying real estate can be a whirlwind - and if you've been following along for the past month, you know I've been in the middle of it myself! But it worked out, and my family and I landed our dream house in 28 days. Next week we'll be hearing from a panel of experts about how to buy real estate, but I thought I'd share my story first as a prequel.
In this episode I break down both the story of how we speedily secured our mortgage, and the story of how we ended up moving into the same house my husband lived in when we first met in 2011. It was a rapid and often crazy process, but there are some excellent lessons you can take from our speedy real estate experience.
You can find show notes and more information by clicking here: http://bit.ly/2qn9WJe
Denise Duffield-Thomas is a money mindset mentor for the new generation of female entrepreneurs. Denise is committed to changing the way women think about wealth and money. Instead of losing belief or being intimidated, she inspires women to build their own definition of wealth.
One thing you’ll have to come to grips with is that everyone has money blocks. We tell ourselves stories about why we shouldn’t worry about money or pass the responsibility off to someone else. Maybe subpar math skills or preconceived ideas about gender roles are holding you back. Regardless, the time to break through your personal blocks is RIGHT NOW!
Also, I'm hiring a paraplanner! Listen in to the episode to hear about it, and find the link to the job opportunity on the show notes page.
You can find show notes and more information by clicking here: http://bit.ly/2pnhDif
In today’s episode, I'm answering your questions about the stock market and the chances that we're in a bubble. These questions were submitted via email and in our Profit Boss® Facebook group, and are extremely relevant for all investors.
Questions covered in this episode:
I also have some exciting news - I'm hiring a paraplanner! Listen in to the episode to hear about it, and find the link to the job opportunity on the show notes page.
You can find show notes and more information by clicking here: http://bit.ly/2okeiMf
In preparation for tax time, Deborah Gregory talks us through how to minimize the chances you’ll be audited, who should expect to be audited and why, what to do if you do receive a dreaded audit letter, and how the audit process goes.
She also has helpful hints for business owners about which expenses to be sure to keep good records of, and she shares her opinion on whether you should use Turbo Tax or hire a tax preparer.
You can find show notes and more information by clicking this link: http://bit.ly/2oSRbcS
Erin Lowry writes about how children should approach money conversations with parents. She writes for BrokeMillennial.com and she's a guest on Profit Boss® Radio this week.
End of life conversations can be difficult, and the conversation about handling financial affairs when you pass away can be an especially touchy topic. Erin has practical tips for children to approach their parents so that conversations about money can be positive. Conversely, parents will find this advice helpful as well if your adult children resist the idea of thinking through end-of-life planning issues.
You can find show notes and more information by clicking this link: http://bit.ly/2nNR4kA
This episode of Profit Boss® Radio is for the mommas. Dana Malstaff is the boss mom. She's a business and content strategist and founder of the Boss Mom community. Most importantly, Dana is an expert at quickly recognizing the things we should not feel guilty about, a common challenge that many mompreneurs have. Dana can help you kick that habit so you can excel at the two things you love - being a mom and making an impact.
You can find show notes and more information by clicking here: http://bit.ly/2nq8CmG
Katie is the next everyday heroine to be featured in our Everyday Heroine series. She started out in a low-paying government position that was not fulfilling. Now, she earns $160,000 annually and has made the jump to an organization that she loves. She and her husband have over $100,000 in savings and $230,000 in their investment accounts.
In this interview, Katie shares with us how she turned the philosophy that healed a cancer diagnosis into a life philosophy that has served her well on the road to financial abundance.
You can find show notes and more information by clicking here: http://bit.ly/2mGnHg4
Tara Gentile is the CEO and Founder of Quiet Power Strategy, a firm specializing in hands-on business training for idea-driven entrepreneurs. As an entrepreneur, she has a unique focus on practical goals and purpose. Finding goals that are catalysts for pushing past obstacles to creating wealth is her sweet spot. We’ll delve into a fascinating conversation on what entrepreneurs can do to build robust, successful businesses that generate income with ease.
By the end of this episode, you’ll be inspired to make more money and live life with ease.
You can find show notes and more information by clicking here: http://bit.ly/2mDvVsP
Profit Boss®, I listen to a lot of other financial podcasts. I want to know what's out there, the topics other shows are covering, and the kind of advice other hosts give their audiences.
Today I'm running through the top 10 worst pieces of advice I've heard on other shows. I explain the claims, break them down, and give you some tips for recognizing incorrect or ill-intentioned advice. It's crucial that you learn how to separate misleading ideas from the good stuff, so you can move on and keep building a well-informed and healthy financial life.
I hope this episode gives you some tools for recognizing bad advice, so you can continue to be the money-savvy woman you already are (or are becoming)!
You can find show notes and more information by clicking here: http://bit.ly/2mntESS
All you regular listeners out there know I LOVE a good side hustle, and today's guest might be the master of them all!
In this episode, Hannah shares some of the many entrepreneurial lessons she's learned along the way, including the importance of reinvesting into your business. Hannah also talks about how her love of fashion inspires her to work hard every day, to the extent that her side hustle has become her full-time job.
Hannah and I also chat about what it's like for her to have become an entrepreneur so young, and how some other people in the space have mentored her. If you're a fashion junkie, I'm sure you'll be fascinated by this episode and pick up some great tips!
You can find show notes and more information by clicking here: http://bit.ly/2miXhFt
Joann Lublin is the new author of Earning It: Hard-Won Lessons from Trailblazing Women at the Top of the Business World. In this book, she interviews women who have achieved great success in the professional world. Two-thirds of the women interviewed for this book are senior executives. All of the women have fascinating stories to share about climbing the corporate ladder and helpful advice for the next generation following in their footsteps.
You can find show notes and more information by clicking here: http://bit.ly/2l9fMu4
The federal fiduciary rule has been a hot topic in recent months, first because of President Obama's decision to establish it. Now that President Trump has put the rule on hold to be reviewed, we're all talking about fiduciary advisors and regulations once more. I came across an excellent article recently, "What Your Financial Advisor Isn't Telling You," by Dr. Antoinette Schoar, and I knew I had to chat with her.
Antoinette is a professor of Entrepreneurial Finance at MIT, frequent contributor to the Journal of Finance, and part of the nonprofit ideas 42. In this interview, Dr. Schoar and I talk about the conversation with her mother and her mother's advisor that made Antoinette want to better understand the difference between fiduciary- and suitability-focused advisors. We also talk best investment strategies, including the benefits of index funds and how much stock you should own of the company that employs you.
You can find show notes and more information by clicking here: http://bit.ly/2lEVh70
Profit Boss® Radio is celebrating our 1-year anniversary. When you think of anniversaries, you typically think romance. Since this is a financial podcast, I'm going to combine those two concepts and interview my husband, Robert Hendershott. He's a bonafide hedge fund manager. Hedge fund investing is a topic that's stumped me in the past so it will be a nice change of pace to demystify some of the myths and lore associated with this complex world of investing.
You can find show notes and more information by clicking here: http://bit.ly/2jORCGw
Our guest today, economics professor Sharon Poczter, is a renowned economist, researcher of financial exclusion, and self-professed Shark Tank junkie.
Sharon has recently published findings that compare the pitches of investors with their success securing funds from the sharks. Since she's always been interested in how a lack of funds can exclude certain groups from wealth and leadership, she and her team decided to analyze how women entrepreneurs on the show compared with their male counterparts.
In this episode, Sharon and I discuss her findings and the lessons that all women can take from her research. Sharon also shares how she's encouraged the women in her classes to feel more confident speaking up, and her research on financial exclusion in developing countries.
You can find show notes and more information by clicking here: http://bit.ly/2kHSpsR
In this episode, I'm talking you through both of those processes - and giving you a ton of resources to help you along the way!
I start with my step-by-step recommendations to build a strong financial foundation. Whether you're a listener in your twenties with your first job, your thirties with some debt to eliminate, or approaching retirement, these simple guidelines can help you build the money muscles you'll need to save and invest intelligently for the future.
I also answer some big questions about real estate, including how to know when you're ready to buy a house. I offer some things to keep in mind during your house search, why a house does not count as a retirement asset, and why you shouldn't fall in love with a house.
This is just a small taste of everything covered today; check out the show notes for a PDF version of this episode that's packed with tools, links, and information to help you pave the path to financial freedom!
You can find show notes and more information by clicking here: http://bit.ly/2j9r6p2
David recounts the very early financial education he received from his grandmother, herself a single woman who decided to master money at the age of 30. Now, David teaches people around the world how they can become millionaires by implementing a very simple money habit.
David also shares the story of the couple whose saving patterns enabled their modest incomes to balloon into over $2 million in assets, and how their story changed his outlook on savings forever.
You can find show notes and more information by clicking here: http://bit.ly/2je06TP
This week I'm speaking with Kelly, whose lax money habits from her early 20s landed her in a stressful 25-year cycle of debt and uncertainty. Now, having sought help to finally improve her understanding of money and establish healthy spending and saving, she's debt-free.
This episode is a great one for anybody wrestling with feelings of failure or inadequacy around money, but it's also educational for you parents out there who are wondering how to ensure that your children don't grow up with a sense of entitlement around finances.
In the interview, Kelly takes us through her early money memories and the reasons she hated focusing on money. She talks about what those 25 years of constant debt were like, and how she finally reached out to a financial coach who helped her reform her treatment of money.
You can find show notes and more information by clicking here: http://bit.ly/2jnUhWV