Episode 53: What to Know About Infertility & Your Finances

Episode 53: What to Know About Infertility & Your Finances

Work Your Wealth
Work Your Wealth
Episode 53: What to Know About Infertility & Your Finances
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WHAT SHOULD I CONSIDER ABOUT INFERTILITY TREATMENTS AND MY FINANCES?

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 question:.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How many people experience infertility
  • Our story with infertility and how it affected our finances
  • What you need to know to be better prepared if you are going through infertility issues or looking at adoption
  • Questions to ask ahead of time around fertility treatments so you don’t derail your financial situation
  • Where to start when you find out you and your spouse do have fertility issues
  • Questions to ask your insurance company to better identify what you will/will not have to pay for out of pocket
  • What to do and how to approach the initial consultation
  • What you should bring with you to every meeting
  • More questions to ask your insurance provider.
  • The importance of knowing your limit (emotionally, financially, and length of time) if you are having fertility issues
  • Why it’s important to approach the situation with a more conservative financial limit

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

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Episode 53: What to Know About Infertility & Your Finances

Episode 48: Want to Make Progress With Your Money? Do this First.

Work Your Wealth
Work Your Wealth
Episode 48: Want to Make Progress With Your Money? Do this First.
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HOW DO I ACTUALLY MAKE PROGRESS WITH MY MONEY THIS YEAR INSTEAD OF SETTING GOALS I NEVER REACH?

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 question.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The precursor step to take when setting any financial goals for yourself
  • How social media can derail your finances (and why your perceptions of other people can as well)
  • What FOMO is and how it impacts you
  • Why figuring out your WHY matters and how to do it
  • What to realistically expect on the journey to finding your “why”
  • Questions to answer about your finances to determine what motivates you and how you are or aren’t aligning your money with what’s important to you
  • What bag lady syndrome is
  • What controlling your money should look like
  • How choices play a leading role in how you utilize your money to create your own happiness
  • Questions to answer in determining your “why”
  • How to set SMART goals

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 53: What to Know About Infertility & Your Finances

Episode 39: How We Handle Business Finances in Our Marriage (and What You Should Do)

Work Your Wealth
Work Your Wealth
Episode 39: How We Handle Business Finances in Our Marriage (and What You Should Do)
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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. On today’s episode, I welcomed back my favorite guest to help me answer some of of your money questions. Today Brian Storjohann (yep, my hubby) and I are diving in to tell you about how we handle and address my business (and the finances behind it) in our marriage.

We recorded this episode live from the FinCon booth at Podcast Movement, which means I actually let him sit next to me for this conversation! (Progress!!)

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How much of the numbers I share (and you should share) around your business finances with your spouse
  • How your business finances relate to and are intertwined with personal finances and goals
  • Ways to address the unease that can come with sharing business finances
  • How to structure conversations so there is no finger pointing or guilt around business success or hiccups
  • Why planning for your personal finances plays a big role in the success of your business
  • How we set income goals for the business(both individually and as a couple)
  • The dollar limit of business purchases that I share with Brian
  • How to plan in advance of business launches and investments to reduce stress
  • Why it is super important to share with your spouse when there are excess funds in the business
  • How sharing business numbers helps your spouse to better support you
  • How often we review numbers and how formal the conversation is
  • Expectations around how long it took for us to communicate effectively around our finances

 

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 53: What to Know About Infertility & Your Finances

Episode 35: The Retirement Accounts Available to You and Considerations for Each

Work Your Wealth
Work Your Wealth
Episode 35: The Retirement Accounts Available to You and Considerations for Each
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HOW DO I KNOW WHAT RETIREMENT ACCOUNTS ARE AVAILABLE TO ME AND WHICH ONE(S) SHOULD I TAKE ADVANTAGE OF?

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 question.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • Investing vs. Retirement Accounts – why they’re not the same
  • The difference between a Traditional vs. a Roth IRA
  • When you’re qualified (or not) to contribute to a Traditional vs. a Roth IRA
  • Considerations for contributions to Traditional vs. Roth IRAs and 401(k)s
  • How your 401(k) works
  • What the 403(b), Thrift Savings Plan and 457 plan have in common with your 401(k)
  • What to do if your employer offers a match on your 401(k)
  • Retirement plans available to Entrepreneurs: Solo 401(k), SEP IRA, SIMPLE IRA
  • What the age limit is on withdrawals from retirement accounts
  • How taxes work on withdrawals from your retirement accounts
  • If you should take a loan from your 401(k)
  • 401(k) vs. Roth IRA – which one is best for you?

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 53: What to Know About Infertility & Your Finances

Episode 30: Our Money Story (the Good, the Bad & the Funny)

Work Your Wealth
Work Your Wealth
Episode 30: Our Money Story (the Good, the Bad & the Funny)
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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. On today’s episode, I have a super fun guest to help me answer some of of your money questions. Today Brian Storjohann (yep, my hubby) and I are diving in to tell you about the emotions, stories and good and bad money moves behind our finances.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The number one thing you need for a healthy money relationship with your partner
  • How your personal and marital money relationship can evolve
  • The biggest thing the two of us have had to work on when it come to our finances
  • His and hers versions of our smartest money moves
  • Where we wasted a ton of money
  • What lifestyle inflation is and why you want to avoid it
  • The biggest point of contention around our finances
  • Why financial planners need their own financial planners
  • The role psychology plays in handling money
  • How we make budgeting work in our household
  • What not to do when facing down big life transitions (and what to do)
  • Why nobody is perfect when it comes to their finances

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 53: What to Know About Infertility & Your Finances

Episode 27: How We Handle Money in Our Household

Work Your Wealth
Work Your Wealth
Episode 27: How We Handle Money in Our Household
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HOW DO YOU HANDLY MONEY IN YOUR HOUSEHOLD?

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 question.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • How often to check on your net worth. What’s reasonable, and what we do in our house.
  • Where to invest your emergency fund
  • The categories we have bank accounts for and how we use them
  • Options available for retirement savings when you’re employed or when you’re an entrepreneur
  • How a Solo 401(k) vs. a SEP IRA can help you as an entrepreneur
  • How we track spending in our house and what works
  • How we manage credit cards
  • An appropriate level of communication to have with your spouse around money.

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 53: What to Know About Infertility & Your Finances

Episode 25: How to Handle Tough Money Conversations

Work Your Wealth
Work Your Wealth
Episode 25: How to Handle Tough Money Conversations
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WHAT KIND OF AWKWARD/UNCOMFORTABLE MONEY CONVERSATIONS AND COMMENTS SHOULD I BE ON THE LOOKOUT FOR WITH FRIEND AND FAIMLY AND HOW SHOULD I HANDLE THEM?

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 question.

WHAT YOU’LL LEARN FROM THIS EPISODE:

  • Who you should and shouldn’t share your financial details with.
  • People / comments to watch out for
  • How to address the awkward ask for a loan or to be spotted
  • What to remember when your friends / family are cheering you on
  • The issues other people may have when they’re one-upping you
  • What is really happening when you’re faced with prying questions and how to address them
  • Appropriate conversations to have with parents and family
  • Why it’s better to look out for yourself now than to let bad behavior continue
  • Who is guaranteed to keep your information private

LINKS MENTIONED ON THE SHOW:

LET’S CONNECT!

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Episode 53: What to Know About Infertility & Your Finances

Episode 16: The Top Money Mistakes Entrepreneurs Make and How to Stop Feeling Guilty About Money

Work Your Wealth
Work Your Wealth
Episode 16: The Top Money Mistakes Entrepreneurs Make and How to Stop Feeling Guilty About Money
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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:

LET’S CONNECT!

ENJOY THE SHOW?

Episode 53: What to Know About Infertility & Your Finances

Episode 14: How Much You Should Really be Saving and What to Know When Selecting a Credit Card

Work Your Wealth
Work Your Wealth
Episode 14: How Much You Should Really be Saving and What to Know When Selecting a Credit Card
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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:

LET’S CONNECT!

ENJOY THE SHOW?