Episode 103: Bookkeeping Strategies and Business with Greg Higdon
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This week I sat down with bookkeeper, Greg Higdon to discuss the importance of having a bookkeeper and what working with one can do for your business.
Greg Higdon is the Founder of Grow the Books, a bookkeeping company for small businesses. With over 13 years of experience in education, he teaches his clients so they are empowered and armed with a clearer understanding of what their numbers mean for their business decisions. When he isn’t balancing books and helping clients you can find him roasting coffee, drinking coffee, and reading about coffee.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
The importance of understanding your profit and loss statement
What a bookkeeper can do for you
The difference between gross and net income
How bookkeeping plays a part in your taxes
The tax challenges you’ll face if you don’t keep up with your books
Bookkeeping issues Greg tends to see when they come to him for help
Some of the terms on your income statement and what they mean for your business
The benefits of giving your business income and expenses subcategories
How to know how much your business should be spending in marketing, personnel, sales, etc.
How often you should be reviewing your profit and loss reports
Comparing hiring out versus doing your own books
What to look for when hiring a bookkeeper
If you want to do your books on your own, do this to make things easier on you
Episode 102: How to Know if You Can Afford for One Parent to Stay Home
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This week I sat down again with Ariel Ward, CFP® to talk about how to know if you can afford for one parent to stay home.
Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association.
Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
How to financially navigate having one parent stay at home with the kids
The significance of knowing what your family expenses are
A few things people tend to forget when looking at monthly expenses
Expenses that might go away with one spouse at home
The budgets we establish for our clients when one person stays home
Why you should discuss how long the spouse will stay at home before returning to the workforce, if ever
Ideas for the working parent to increase income or flexibility
Options for the stay-at-home parent to still bring in an income
What to consider when it comes to employee benefits for the parent staying at home
How staying at home might change what you need for disability or life insurance
Changes that could take place with your investments by having one parent stay home
The conversations we have with clients when considering one parent staying at home
The most important question to consider when making the change
A couple of red flags we’ve seen when looking at cash flow
The unique story Brian and I have about having one parent stay home
The agreement Ariel worked out with her employer to allow her to stay at home
What happens when the at-home parent is trying to do too much
GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE
Episode 59: Paying Off Debt While Still Living the Life You Love with Brittney Lynn
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HOW DO I PAY OFF DEBT AND STILL ENJOY LIFE?
This week I sat down with PR & Online Marketing Strategist, Brittney Lynn.
Brittney Lynn has almost 10 years of experience working in the online marketing industry and has a passion for helping others grow their brand through strategic PR.
She’s also the host of the Day in the Life podcast, which gives a glimpse into the daily lives of people from across the world who work in a variety of industries. Stepping into the lives of these fascinating guests will encourage, inspire and challenge listeners as they share in each guest’s trials and triumphs, learning that we are all connected and are more alike than we realize.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
The first steps Brittney and her husband took to tackle their debt
Brittney’s motivation and inspiration behind eliminating their debt
How the Debt Snowball Effect empowered the couple
The ways debt impacted their lives and interactions with friends
Lifestyle changes that were made
How they worked in “fun money” while simultaneously paying off debt
Ways they enjoyed the things they loved while on a budget
The negative effect too many money restrictions can have when paying off debt
How the couple survived pitfalls and stayed focused
When and how Brittney launched her own company
The importance of continuing to save while you’re paying down debt
Easy tweaks you can make to pay down debt and still save for retirement
Episode 43: Balancing Your Health and Wealth with Drew Follette
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HOW DO I FOCUS ON MY HEALTH AND BUILD WEALTH AT THE SAME TIME?
This week I sat down with holistic nutrition consultant, Drew Follette.
Drew is a certified holistic nutrition consultant helping clients improve their health through whole-foods nutrition. She works one-on-one with those who struggle with hormone imbalances, digestive issues, autoimmune, and other difficult health conditions. Drew helps her clients lead more full, healthy lives through personalized nutrition education.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
How your health and wealth are aligned
What holistic nutrition entails and what real whole foods are
Why taking care of yourself on holistic level is important and how it translates into thousands of dollars saved throughout your life
Where to start with your nutrition from a big picture level
Whether you need to shop at Whole Foods or eat all organic to be considered “healthy”
How meal planning can keep your budget and your health on track
What staples you should have in your kitchen to save money over the long run
Where to head once you’re inside the grocery store to reduce costs
Unique ways to reduce costs on meats
How to reduce what you need to spend on fruits and vegetables
Where freezer meals can help you out in terms of cost and time savings
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.
Episode 24: Making Travel a Money Priority with Whitney Hansen
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HOW CAN I MAKE TRAVEL AS ONE OF MY MONEY GOALS?
This week I sat down with the personal finance coach, Whitney Hansen.
Whitney Hansen is a personal finance coach, entrepreneur and host of The Money Nerds Podcast. She teaches overwhelmed millennials how to pay off debt and be financially independent. She gives them the tools to have more fun with money, while sprinkling in a little silliness. Some of her accomplishments are paying off $30,000 in 10 months, buying her first home at 19, and paying $472 for her master’s degree.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
How Whitney earned her masters for only $500
An open ended way to approach travel that will save you $$
How much you should spend on travel
How to make travel a priority with your finances
Tips and tricks for booking cheap flights
How to travel without using credit card points
What to consider when choosing hotel vs. home rental
How to appropriately plan in advance for what you’ll spend while traveling
Considerations for meal expenses and how to find great food
Episode 23: Managing Your Cash Flow with Jen Hemphill
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I’M HAVING TROUBLE MANAGING MY CASH FLOW. WHY?
This week I sat down with the Motivational Money Coach, Jen Hemphill.
Jen Hemphill helps busy determined women who are content with their income but not their bank account. She helps them transform their finances from being overwhelming to bringing them financial confidence, control and freedom. She is a Motivational Money Coach, an AFC® (Accredited Financial Counselor) and host of the Her Money Matters Podcast.
HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:
The biggest misconception people have around budgeting
Why your budget doesn’t need to be restrictive
How a budget allows you to put your money where your heart is
How detailed your budget really needs to be
The different money stages you could be in and where to start with each stage
Expenses you’re forgetting, but need to include in your household budget
What the zero-based budgeting system is
Why it’s important to prioritize your goals and how to align your cash flow with the ones you select
Software you can use to maximize your budgeting
The separate savings account method and how it can work with your budget
Episode 02: Master Your Career & Debt With Adrienne Dorison
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This week I had the incredible opportunity to talk with Adrienne Dorison of www.adriennedorison.com and The School of Self-Mastery Podcast.
Adrienne Dorison is a business strategist and podcast host who helps experts, entrepreneurs and business owners get better results in less time. Adrienne has a corporate background with LEAN Six Sigma as a continuous improvement expert and she has developed proven systems for entrepreneurs that deliver real results, fast. Adrienne has been recognized as a thought leader in the millennial entrepreneurial space. She hosts her own podcast, The School of Self-Mastery, and contributes to a myriad of media and publications.
WHAT YOU’LL LEARN FROM THIS EPISODE:
How Adrienne became debt-free in less than six months!
Why figuring out your survival expenses is important before making a career change.
Why you don’t necessarily need to have it all figured out before making a move.
Why having a timeline matters when you’re tackling financial goals.
What being vocal with your goals looks like and how it impacts your spending patterns.
Episode 01: Welcome to the Work Your Wealth Podcast
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Welcome to the first episode of the Work Your Wealth Podcast, a weekly podcast for those wanting to make smarter choices with their money.
Featuring expert interviews with leading authors, business owners and professionals, the Work Your Wealth Podcast will give you the education, confidence and clarity around your finances that you deserve. If you’re ready to use your money to live a life you love, this show is for you.
I’m your host, Mary Beth Storjohann. I’m a CERTIFIED FINANCIAL PLANNER™, the Founder of Workable Wealth, where I serve as a financial planner and accountability partner in working to help clients in their 20s-40s across the country make smart, educated choices with their money.
I’ve been named as a “Top 40 Under 40” financial planner by Investment News, one of “10 young Advisors to Watch” by Financial Advisor Magazine, and one of “10 of the Best Personal Finance Experts on Twitter.” I frequently appear on NBC as a financial expert and my expertise has been featured in Glamour, Women’s Health, Brides, The Wall Street Journal, CNBC, Forbes, and more. You can connect with me via Instagram, on Facebook, or via Twitter.
In this inaugural episode of the Work Your Wealth Podcast, I talk about why I created this show, share a bit about my background, and explain who this podcast is for and what you can expect each time you join me here.
WHAT YOU’LL LEARN FROM THIS EPISODE:
Introduction to me, Mary Beth Storjohann and the Work Your Wealth Podcast.
How I ended up in a career as a Financial Planner and started Workable Wealth.
Stay up-to-date with the latest episodes! Subscribe in iTunes today.
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