Life

An Honest Conversation About Racism and Money | Brian “BT” Terrell

This past week has been a time for reflection for me, and probably you as well. I’ve never faced racism myself, but I’ve seen it first hand with many friends and have definitely seen how race shows up when we talk about money.

I had a chance to sit down with my friend Brian “BT” Terrell from BREAUX Capital to talk about racism, the difference between creating a neighborhood and a community, the injustices in the financial industry, and BT’s work with BREAUX Capital, the first Fintech company advancing the financial health of Black Millennials with social banking.

What You’ll Learn

  • BT’s five-step system to move from a neighborhood to a community (and work to end racism)
  • The steps we need to take as a community at large to end racism
  • The power of financial education in the African American community
  • How to build true wealth according to BT
  • What steps you can take today to change the economics in your family

Links

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Posted in Career, Life, Podcast | Comments Off on An Honest Conversation About Racism and Money | Brian “BT” Terrell

From $200K in Debt to $240K in Retirement Income: How to Build Your Wealthy Garden | John Soforic

How do you transform your life? I say this about a lot of podcast episodes, but this is an all-time favorite.

Dr. John Soforic teaches us in his new book, The Wealthy Gardener, timeless money success principles, and the lessons you need to know to plant money seeds and change your life. As John says, “we reap what we sow” so we must have consistent intentionality and make good choices with the money we have.

What You’ll Learn

  • What is important about talking about prosperity
  • John talks about the power of setting impossible goals
  • John’s journey to becoming financially free after being in over $200K in debt
  • Strategies to build passive income
  • How to think about wealth from a larger perspective
  • Timeless money lessons you can use every day

Links

Episode Sponsor

Big thanks to MasterClass for sponsoring this episode. Get unlimited access to EVERY MasterClass, and as a Millennial Money listener, you get 15% off the Annual All-Access Pass! Go to MASTER CLASS.com/MYMONEY for 15% off MasterClass.

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Posted in Budgeting, Entrepreneur, Life, Podcast | Comments Off on From $200K in Debt to $240K in Retirement Income: How to Build Your Wealthy Garden | John Soforic

Coronavirus & Your Money | Michele Schneider & Laurie March

I’m not sure there is anyone around the world that doesn’t know about COVID-19 at this moment. I’m praying that it hasn’t affected you or your family. It would be a gross misstep if I didn’t dedicate an episode to Coronavirus and its impact on your money.  So that’s what we’re going to do – not with fear, but with information and facts to help you navigate these strange waters.

Joining me on this episode is Laurie March (from a previous podcast episode) and Michele Schneider, from MarketGuage and author of Plant Your Money Tree.

What You’ll Learn

  • How this current economic crisis compares to the 2008 global crisis
  • Mish’s suggestions of what to do and not to do with your investments
  • Key trends to watch out for in the next few weeks
  • Laurie shares how to prepare for an emergency – what you need to stock up on from a previous podcast episode
  • How to keep a good money mindset in the midst of this crisis

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When Life Throws You a Money Curveball | Sharon Epperson

Life is known for throwing money curveballs when you least expect them (and are usually unprepared for them).

You may recognize the name, Sharon Epperson. She’s CNBC’s Senior Personal Finance Correspondent, author of the book The Big Payoff, and the first woman of color to report on the commodities market. Life was great until Sharon suffered a brain aneurysm that almost took her life and her career. It was at this moment that Sharon knew she had to redesign how she wanted to live her life and teach others how to prepare for those money curveballs.

Get Yourself Ready

Money curveballs are just a fact of life. That being said, there are some steps you can take to make sure you are in the *best* position possible. Take it from a recovering perfectionist, you won’t ever be 100% prepared, just do your best.

One of the best ways to be prepared is to set up your Emergency Fund. Typically, you should aim to save between three to six month’s worth of your fixed expenses in your emergency fund. Don’t let that freak you out. Save what you can when you can. Pro tip: one thing I like to do is put my savings on autopilot so the money just moves out of my account without me having to lift a finger.

It’s always a good time to cover your money risks. Here are some questions to ask yourself:

  • Do I have enough life insurance?
  • What is the deductible on my health insurance in case I needed to pay it?
  • Do I have ample car insurance and enough money saved to cover the deductible?
  • Is my renter’s or homeowner’s insurance enough to cover me?
  • What other benefits does my company offer that I should take advantage of?

Take a few minutes today and do a little audit of your finances and give yourself a task list for at least one thing you can take care of this month. I know that thinking about curveballs isn’t fun at all (in fact, it’s a total downer), BUT it can also be a lifesaver. Take it from Sharon, being even a little prepared is the name of the game.

What You’ll Learn

  • Why we need to prepare for money curveballs (and how to know what curveballs to prepare for)
  • The action you can take today to financially prepare for curveballs
  • Sharon’s story of suffering a brain aneurysm and how she has since re-evaluated her life
  • The power of a post-recovery mindset
  • Sharon’s money story of making her way to CNBC and a champion for financial literacy
  • Some of the money lessons Sharon has learned along the way that are impactful
  • Ask Shannah: What should I do with my inheritance

Links

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The Episode About Couples and Money with Casey and Meygan Caston

When it comes to couples and money there are two issues: #1 you don’t want to talk about money with your partner, and #2 you think you are always right. No wonder why money is one of the main reasons that most couples get divorced.

Casey and Meygan Caston, the creators of Marriage 365, are here to share how you can avoid those nasty money fights, get on the same money page, and have a thriving relationship. They share their real-life story of battling through $200,000 in debt, almost getting divorced, to now running a global business that is all about creating happy relationships. It’s safe to say they know a thing or two about healthy relationships.

couples and money

Building a Strong Relationship

I’ve learned a lot in the last six years being in a healthy marriage about how to approach those tough money conversations without conflict. Some of the best ways we’ve been able to avoid catastrophic disaster having those tough money talks have been:

  • Treat each other with respect and realize that we both come into the relationship with our set of thoughts and beliefs around money.
  • Remember that we are partners and are in this thing together. This is so important to cultivating a healthy money mindset in your relationship.
  • Respecting each other’s thoughts when we set spending and savings goals so we both feel like we’re being taken care of.
  • Taking the time each week to talk about money in a healthy way without blame so we can keep progressing towards our goals and stay on the same page.

Casey and Meygan share many of these tips and suggestions in this episode. They are full of ideas about how you can not only create a healthy relationship, but also how you can save a relationship that is headed to divorce or separation.

Do yourself a favor this year and focus on building a strong relationship. Find ways you can communicate better with your spouse or partner and learn how you can play to each other’s strengths and not weaknesses. Marriage and relationships take work but it shouldn’t feel like a chore. I want nothing more for you to step into true partnership this year and live the life a life that makes you feel inspired by.

What You’ll Learn

  • The story of how Meygan and Casey battled through massive debt and the brink of divorce
  • What are the key components of a healthy marriage
  • Ways to avoid fighting about money so you can finally get on the same page
  • How to play to your strengths in a relationship
  • Why they decided to start Marriage365 and how they help couples around the world
  • Affordable ways to have a date night and keep the flame alive
  • How to battle through those sticky moments as a couple

Links

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Posted in Entrepreneur, Life, Podcast | Comments Off on The Episode About Couples and Money with Casey and Meygan Caston

#1 Way to Find Clarity in Your Life & Your Finances with Natalie Franke

Life always has a way of directing you to where it wants you to go. Our guest, entrepreneur Natalie Franke, thought she would just go to college and become a neurologist when life threw her a curveball and she found out you had a brain tumor.

Her story ends well – she took this lifestyle change in stride, became a successful wedding photographer, started the Rising Tide Society which was acquired by HoneyBook in 2015, all at the age of 25. Natalie believes that finding clarity in life and your finances can be achieved once you learn how to tap into your genius zone.

find clarity in your life and business, entrepreneur
CHEERS BABE PHOTOGRAPHY

What You’ll Learn

  • Natalie’s story of learning she had a brain tumor and how that changed her career path
  • How to find your genius zone and how that brings clarity in life
  • Why Natalie decided to start the Rising Tide Society
  • How HoneyBook became an integral part of her personal and financial story
  • What you need to know before you start a business
  • What Natalie is doing to help other female entrepreneurs have equal rights

Links

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Get Yourself Healthy Now with Julie Voris

I think January is so interesting. It’s the month that as my guest Julie Voris, an online fitness and nutrition coach says, we want to do all the things and the reason we don’t, it’s because we don’t commit to the choice. We give up somewhere between Jan 1 and Jan 31.

But getting yourself healthy isn’t just about losing weight, but it’s about forming good habits, getting your blood flowing so you can think better, have more energy, and spur on some good juju so you can tackle your goals. Thankfully, Julie is here to show you how you can get yourself healthy on any budget.

What You’ll Learn

  • Why being healthy is about so much more than how much you weigh
  • How to incorporate exercise and good nutrition on any budget
  • The mental benefits of working out
  • How Julie cultivated a career around exercise and nutrition
  • What are some easy ways to workout at home
  • Ways to figure out what eating plan is right for your body
  • How to change your mindset around exercise and nutrition

Links

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Make Your Money Happy with Ken Honda

As our guest, Ken Honda author of the book Happy Money says, “Money is energy. It can be happy or unhappy.” So I’m curious, is your money happy, does it smile back at you, because it really should.

Ken is a legend in Japan. He’s japan’s bestselling zen millionaire, and his best selling book, Happy Money: the Japanese Art of Making Peace with Your Money is a MUST read. Alright, now that I piqued your interest, let’s hear from Ken what exactly is happy money.

What You’ll Learn

  • How to determine if your money is happy or unhappy
  • The difference between the Japanese way and the U.S. way of handling money
  • Why most people are in a deeply unhappy relationship with money
  • How Ken Honda decided to focus his effort on the concept of happy money
  • Practical ways to handle your emotions around money

Links

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Secret Tips to Save Money & Shop Smarter (with Trae Bodge)

I’m throwing my hands in the air and telling you straight up that I love to shop – but I equally love finding a good deal and feeling like I’ve won at ballin’ on a budget. That means I need a little strategy behind my shopping. I asked Trae Bodge, our resident smart shopping expert, to dish everything you need to know how to shop smart and save money all year long.

save money shopping

What You’ll Learn

  • How and when to find the best shopping deals
  • Ways to cultivate a good mindset around shopping
  • Are shopping apps and coupons worth your time
  • Does price matching actually work
  • Should you buy online or in-store for the best deals
  • How to think about shopping once you’re debt-free
  • Trae’s secret tips to save money all year long

Links

Book of the Month

January’s pick: Holistic Wealth by Keisha Blair

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Money Mental Fitness with Terry Ladow

I discovered a secret a long time ago that I want to let you in on. The power of therapy – not only for things like relationships, or anxiety, or depression but also for things like money.

Therapy is a great tool to help you figure out why you do or do not make certain money decisions. So in this episode, I head straight to the therapy couch with Terry Ladow to find out how you can heal your habits, your heart, and your mind and spur on some money mental fitness.

What You’ll Learn

  • What is therapy
  • Why I’m so passionate about therapy
  • What can you expect to do in a therapy session
  • Why would you choose to go to therapy or see a counselor
  • What are some of the benefits you can expect from therapy
  • How therapy can help your money mindset
  • Alternate forms of therapy if you can’t afford traditional therapy
  • How to find a good therapist
  • Why we all need to communicate more and how you can incorporate that in your daily life

Links

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Posted in Career, Life, Podcast | Comments Off on Money Mental Fitness with Terry Ladow

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