Episode 82: Facing Your Money Fears & Figuring Out Your Finances with Melanie Lockert

Episode 82: Facing Your Money Fears & Figuring Out Your Finances with Melanie Lockert

Behavioral Finance
Behavioral Finance
Episode 82: Facing Your Money Fears & Figuring Out Your Finances with Melanie Lockert
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This week I sat down with blogger and author Melanie Lockert to discuss the struggles people face when it comes to debt.

Melanie is the founder of the blog and author of the book, Dear Debt. Through her blog, she chronicled her journey out of $81,000 in student loan debt. Her work has appeared on Business Insider, Time, Huffington Post and more. She is also the co-founder of the Lola Retreat, which helps bold women face their fears, own their dreams and figure out a plan to be in control of their finances.

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

  • Melanie’s background and how she began educating others about debt
  • What inspired Melanie to create Dear Debt
  • The safe space and community she has created
  • How debt can affect a person’s mental health
  • One of the top searches Melanie sees as it relates to debt
  • The three taboo topics Melanie sheds light on
  • The different types of letters to debt seen on her blog
  • Why people write letters to thank the debt they’ve incurred
  • Times debt can be a very good thing for people
  • Melanie’s debt journey and how she paid off $81K
  • How being in debt is similar to the 5 stages of grief
  • When Melanie hit the lowest of the low point
  • The way she doubled her income in one year
  • The ins and outs of Lola Retreat
  • How the Lola Retreat came about and when the next event will be

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH MELANIE AND LET HER KNOW YOU HEARD ABOUT HER HERE

ENJOY THE SHOW?

Episode 64: Paying Down Six-Figures of Student Loan Debt with Travis Hornsby

Episode 64: Paying Down Six-Figures of Student Loan Debt with Travis Hornsby

Debt
Debt
Episode 64: Paying Down Six-Figures of Student Loan Debt with Travis Hornsby
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This week I sat down with Student Loan Planner, Travis Hornsby to talk about student loan debt.

Travis founded Student Loan Planner after helping his wife figure out her six figure med school loans and realizing that all their friends needed help too. He’s consulted on more than $250 million of student debt, which is more than any one person in the country. He loves helping clients realize that financial freedom and security is possible no matter how high their student loan balance. He lives in St. Louis, MO.

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

  • How Travis got into the student loan business
  • The difference between undergraduate and graduate student loans
  • Where most people get into trouble with student loan debt
  • The two best approaches when you are in a ton of student loan debt
  • How much debt you should have if you’re considering the refinancing option
  • A large tax bill doesn’t have to be as scary as you think
  • The importance of shopping around during refinancing
  • Places to turn to if you feel your student loan debt is unbearable
  • How to manage stress from student loan debt
  • Options to deal with student loan debt as a couple
  • Conversations to have with your spouse if one or both of you have student loan debt
  • Common professions that find themselves in student loan debt
  • The shift in the education industry that is increasing student loan debt
  • Why you should look at a financial aid/school admissions department like a sketchy used car lot

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH TRAVIS AND LET HIM KNOW YOU HEARD ABOUT HIM HERE

ENJOY THE SHOW?

Episode 59: Paying Off Debt While Still Living the Life You Love with Brittney Lynn

Episode 59: Paying Off Debt While Still Living the Life You Love with Brittney Lynn

Budgeting
Budgeting
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

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH BRITTNEY AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?

Episode 57: Paying off Your Mortgage in 2 Years on One Income with Kim Anderson

Episode 57: Paying off Your Mortgage in 2 Years on One Income with Kim Anderson

Debt
Debt
Episode 57: Paying off Your Mortgage in 2 Years on One Income with Kim Anderson
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CAN I TACKLE MY MORTGAGE ON MY SCHEDULE?

This week I sat down with author and thrifty lifestyle blogger, Kim Anderson.

Kim Anderson is the author of Live, Save, Spend, Repeat: The Life You Want with the Money You Have. She’s also a thrifty lifestyle blogger, podcaster and Blogging Coach. She lives in North Carolina with her Youtuber husband, 6 year old son and adorably identical twin baby girls.

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

  • How Kim’s parents influenced her and created a domino effect of becoming debt free in her life.
  • How Kim’s family celebrated being mortgage-free.
  • How Kim and her husband made the decision to go from two incomes to one.
  • Where Kim’s entrepreneurial spirit came from.
  • How credit card fraud impacted Kim’s life.
  • Why and how Kim made the transition to a cash based life.
  • The little things Kim did (and you can do too) to pay off your mortgage sooner.
  • How a little bit of money can make a big impact on your debt.
  • The importance of understanding the true amount that you’ll pay for a home (or any debt).
  • What changed for Kim and her husband once the mortgage was paid off.
  • How turning your finances into a game can encourage your progress.
  • What amortization is and how to use it in your situation.
  • Why teamwork is imperative when paying off a large debt.
  • How Kim still budgeted for items that brought happiness even while paying down debt.
  • What to know and consider around your budget before purchasing a home.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH KIM AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?

Episode 27: How We Handle Money in Our Household

Episode 27: How We Handle Money in Our Household

Ask Mary Beth
Ask Mary Beth
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 26: How to Pay off $147,000 in Debt with Jackie Beck

Episode 26: How to Pay off $147,000 in Debt with Jackie Beck

Credit Cards
Credit Cards
Episode 26: How to Pay off $147,000 in Debt with Jackie Beck
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This week I sat down with debt freedom expert, Jackie Beck.

Jackie Beck is the creator of the app store hit Pay Off Debt, an app thats helped more than 46,000 people use a debt snowball to break free from debt. She and her husband paid off over $147,000 in debt, including their house.

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

  • How Jackie paid off $147,000 of debt
  • What the debt snowball is
  • What a realistic timeline is to pay off debt
  • Where to start when you’re feeling burdened by your debt
  • Why you need to get out of a borrowing mentality to stay out of debt
  • How creativity can help with paying off debt
  • How to save while you’re paying off debt and if you need to
  • Lifestyle changes you can expect from living a debt free life

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH JACKIE AND LET HER KNOW YOU HEARD ABOUT HER HERE!

ENJOY THE SHOW?

Episode 27: How We Handle Money in Our Household

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

Ask Mary Beth
Ask Mary Beth
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?

Episode 02: Master Your Career & Debt With Adrienne Dorison

Episode 02: Master Your Career & Debt With Adrienne Dorison

Budgeting
Budgeting
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.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH ADRIENNE AND LET HER KNOW YOU HEARD ABOUT HER HERE!

Episode 27: How We Handle Money in Our Household

Episode 01: Welcome to the Work Your Wealth Podcast

Budgeting
Budgeting
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’m also an author and the inspiration for this show came from my book, Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money, which launched in March 2016.

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.
  • Who the Work Your Wealth Podcast is for.
  • What you won’t find on this podcast.
  • What you can expect from this show.

LINKS AND RESOURCES FEATURED ON THE SHOW:

ENJOY THE SHOW?