Episode 99: Are You Better or Worse off Financially This Year?

Episode 99: Are You Better or Worse off Financially This Year?

Work Your Wealth
Work Your Wealth
Episode 99: Are You Better or Worse off Financially This Year?
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Are You Better or Worse off Financially This Year?

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.

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

  • Why the end of the year is my favorite time of year for clients
  • Questions I consistently receive as the year is closing out
  • A way to gauge if you are better or worse off financially this year
  • First step in measuring your financial progress
  • The measurement to use when evaluating your financial health
  • How to calculate your net worth
  • A good way to evaluate your debt situation for the year
  • The check you should be doing on your debt every January
  • Why you should review your spending throughout the year
  • How your savings goals play into your financial health
  • Different savings vehicles you can utilize to grow your net worth
  • A few things you should consider when talking about your retirement savings
  • The role a change in income can play in figuring out if you’re financially better off this year
  • How “lifestyle creep” could potentially hurt your financial health
  • Why employer benefits must be evaluated each year

LINKS WE MENTIONED ON THE SHOW

LET’S CONNECT!

ENJOY THE SHOW?

Episode 98: Millennials & Money with Emily Benedetto

Episode 98: Millennials & Money with Emily Benedetto

Work Your Wealth
Work Your Wealth
Episode 98: Millennials & Money with Emily Benedetto
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This week I sat down fellow financial planner and Abacus financial advisor Emily Benedetto to talk about decisions millennials make around their money.

Though she has always had a penchant for numbers, she took a bit of an interesting route to becoming a CFP but now loves every minute of it. If she had her druthers she’d be living on a farm and working as a farmer/financial planner. She’s married, has 5 siblings, love reading, horses, and helping folks systematize their money lives.

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

  • How Emily got into financial planning and what convinced her to become a CFP®
  • The inner discovery she made by deciding to work at Abacus Wealth Partners
  • When your inner voice tells you “You can’t” how to get to “You can!”
  • Why it’s important to face the things you are afraid of
  • Emily’s timeline of getting to Abacus
  • How money relationships can evolve overtime
  • The importance of taking control of your finances
  • Two different approaches to managing savings goals
  • Which archetype category do you fall into?
  • The impact that is made going from a saver to an investor
  • Emily’s other passion besides financial planning
  • Future savings bucket to consider as you grow in your career

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 97: Running a Business as a Couple with Angela Greaser

Episode 97: Running a Business as a Couple with Angela Greaser

Work Your Wealth
Work Your Wealth
Episode 97: Running a Business as a Couple with Angela Greaser
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This week I sat down Angela Greaser to talk what it’s like running a business with your significant other.

Angela is a strategic operations consultant and co-founder of All The Ops. Led by Angela and her husband Dan, All The Ops helps business owners structure efficient teams and systems to skyrocket their profitability and claim their CEO seat.

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

  • How Angela and her husband decided to go into business together
  • Deciding what role each spouse plays in the business
  • The benefits of understanding each spouse’s business strengths and weaknesses
  • The two reasons why Angela and her husband chose to have a business together
  • The goods and bads of having your significant other as your business partner
  • How communication can make or break spouses in business together
  • Why being flexible has to be a part of the framework
  • How to align your life and business goals
  • The importance of being intentional in your business
  • The risks involved with going into business with your significant other
  • Why you should have an exit strategy if the initial plan doesn’t work out
  • Three questions Angela and her husband asked to see if their business together would be sustainable

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 96: Is Now a Good Time to Invest with Ariel Ward

Episode 96: Is Now a Good Time to Invest with Ariel Ward

Work Your Wealth
Work Your Wealth
Episode 96: Is Now a Good Time to Invest with Ariel Ward
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This week I sat down again with Ariel Ward, CFP® to talk about things to think about before buying a 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:

  • Why people have hesitation around investing
  • Some fears people relate investing to
  • Why you shouldn’t use the news as a guide for to invest
  • Translating the market changes to your investments
  • How risk tolerance and asset allocation play into your investment portfolio
  • Questions to ask yourself when considering different investment vehicles
  • The trend of the market over a long period of time
  • Investment vehicles for different levels of risk and what that means for your money
  • The good and bad of taking on more risk in your investments
  • Why you should understand the emotional aspect of investing
  • How a financial planner can help you navigate your capacity for risk
  • Should you invest when the markets are high?
  • How to utilize dollar cost averaging to support your emotional side of investing
  • What is meant when talking about “investing”

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 95: The Financial Impacts of Tiny Living with Ilana Burk

Episode 95: The Financial Impacts of Tiny Living with Ilana Burk

Work Your Wealth
Work Your Wealth
Episode 95: The Financial Impacts of Tiny Living with Ilana Burk
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This week I sat down business coach, writer, designer and pocaster Ilana Burk to talk about tiny living and how this style of living could affect your finances.

Illana helps people find and create thriving livelihoods centered around their life’s work. She’s host of the Good Business Podcast and owner of Your Life’s Workshop. With an MBA in Sustainable Enterprise and nearly 20 years of experience working with small business owners, Illana takes a fiercely rebellious and wildly ethical approach to making money.

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

  • What is tiny living and what it entails
  • The three sub communities of tiny living
  • What it’s like going from 2200 square feet of living down to 160 square feet
  • How to do tiny living with a toddler
  • One of the biggest reasons behind doing tiny living
  • How long Ilana and her family expect to continue doing family living
  • A few of the pros and cons of tiny living
  • Unexpected challenges that come up that you might not think about
  • One of Ilana’s least favorite things about tiny living
  • How a focus on sustainability came into play
  • The importance of knowing your enough, in business, in finances and in life
  • The increased and decreased costs in tiny living
  • The effects tiny living has on your savings goals
  • How rent will still be a cost you need to consider
  • How a mailing address plays into tiny living and how that could affect your taxes
  • Why you must get into the details if you want to have success in tiny living
  • A few key pieces of advice if you are considering tiny living

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 94: The Benefits of Life Planning with Scott Frank

Episode 94: The Benefits of Life Planning with Scott Frank

Work Your Wealth
Work Your Wealth
Episode 94: The Benefits of Life Planning with Scott Frank
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This week I sat down with financial planner Scott Frank chat about life planning – what it is and how it helps in using your money as a tool to achieve the life you want.

Scott is the founder of Stone Steps Financial, a firm created to help professionals and families understand their financial lives and position themselves to reach their fullest potential. He does this job because he loves it. He truly enjoys taking complex issues and helping clients understand them.

Scott lives in a little beach town, Cardiff by the Sea, just north of San Diego with his wife, Amanda, their sons, Lucas and Daxton, and their dog Sophia. When he’s not geeking out on financial news or white papers you’ll find him surfing with friends (Stone Steps is named for a surf break just a few minutes north of his house), running along the Pacific Coast Highway, or spending time with his family. He strongly believes in giving back and currently serves on the Leadership Development Committee for NAPFA.

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

  • How to use life planning to better strategize your money goals
  • How to EVOKE the life you want to live
  • Four things you can always invest in and how to optimize that investment
  • The impact felt by those who have gone through life planning
  • The three questions to ask yourself to help you live a more intentional life
  • The importance of writing goals down and discussing them with an accountability partner
  • The best process to discover what really matters most to you
  • What can get overlooked when you are just focused on the money
  • How to identify what is getting in your way to the life you want to live
  • A few common changes people would like to make in their lives
  • Why you must figure out what matters most before executing a solid financial plan
  • How a sounding board can keep you on track with your life goals
  • The most important tool to reach the life goals you have for yourself

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 93: Understanding Breadwinning Women with Neela Hummel

Episode 93: Understanding Breadwinning Women with Neela Hummel

Work Your Wealth
Work Your Wealth
Episode 93: Understanding Breadwinning Women with Neela Hummel
/

This week I sat down with fellow Financial Planner and Abacus partner Neela Hummel to discuss what we see in breadwinning women.

Neela is passionate about women taking their finances to the next level. Women are increasingly out-earning and in control of more money than their male counterparts, yet many company policies and financial services are leaving women out. Her goal is to step outside the “paint it pink” model and tailor financial planning to the unique needs of different types of women. As any woman knows, different women have different needs, and She specializes in working with breadwinners, decision-makers, and young inheritors.

Neela is a partner with Abacus Wealth Partners. Since 2009, Neela has helped grow a firm that values and supports women through flexible policies, career advancement, and equal pay for equal work. As a consequence, 50% of Abacus’ advisors are women, in an industry were 20% is the norm. Neela was named as Investment News’ “40 Under 40” for financial advisors in 2016 and is a graduate of UC Berkeley.

Neela lives in Los Angeles with her wonderful husband, two adorable children, and two rescue dogs. She is an avid traveler and foodie, taking any opportunity to visit a new country, try a new restaurant, or hone her language skills (she peaks both Spanish and Italian).

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

  • Neela’s background and her path to Abacus Wealth Partners
  • The biggest challenge breadwinning women tend to face
  • The financial opportunities that benefit breadwinning women over men
  • Other factors to consider besides the dollars and cents when looking at your finances
  • Why outsourcing can be a crucial tool for breadwinning women
  • What it looks like for Neela being the breadwinner in her family
  • Why you should use a financial planner when talking finances with your significant other
  • Why you must separate out money for your financial goals
  • Why so many women are asking what is their enough
  • The benefits of being a breadwinning woman (or having one in your life)
  • The impact breadwinning women will have on future generations
  • What a family needs to be financially successful, regardless of who is the breadwinner

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

ENJOY THE SHOW?

Episode 96: Is Now a Good Time to Invest with Ariel Ward

Episode 91. What to Consider Before Buying a Home with Ariel Ward

Work Your Wealth
Work Your Wealth
Episode 91. What to Consider Before Buying a Home with Ariel Ward
/

This week I sat down again with Ariel Ward, CFP® to talk about things to think about before buying a 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:

  • A big decisions we’ve been helping multiple clients with this year
  • Financial considerations to make before buying a home
  • The reason people many feel the need to purchase a home
  • Homeownership costs that might not always increase the value of the home
  • Where the commission fees play into your financial well being for short term homeownership
  • How long to plan on staying in a home before selling it
  • The dangers of buying a home for the maximum amount a lender approved you for
  • Why you should consider future life milestones when deciding on how much house to buy
  • Where retirement savings plays into plans for buying house
  • Some realities of homeownership that aren’t always talked about
  • Tips for saving for a home down payment
  • The types of accounts to stash money away into for your initial down payment
  • A good way to prepare financially if you are considering upsizing your home
  • The down payment percentage you should be striving for
  • The way Private Mortgage Insurance can affect your cash flow
  • How to prioritize big savings goals alongside buying a home
  • Rule of thumb for establishing an emergency fund

LINKS WE MENTIONED ON THE SHOW:

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

ENJOY THE SHOW?

Episode 89: Defining Success with Katie Krimitsos

Episode 89: Defining Success with Katie Krimitsos

Work Your Wealth
Work Your Wealth
Episode 89: Defining Success with Katie Krimitsos
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This week I sat down with Katie Krimitsos to discuss traits she sees in successful business owners.

Katie Krimitsos is a mom, wife, adventurer, podcaster, business coach, seeker and change maker. She’s committed to brightening the light of women around the world through her Biz Women Rock community, which supports Women Entrepreneurs, and through the Women’s Meditation Network, parent of the Meditation for Women Podcast, which provides guided meditations specifically created with the special journey of women in mind. She’s passionate about giving women the tools, strategies and inspiration to live lives the truly love.

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

  • How Katie got into business coaching
  • A common trait among Katie’s interviewees that seems to drive them forward in their respective businesses
  • How Katie helps business owners strategize to get where they want to be
  • Steps in managing your inner critic when it comes to your business
  • The relationship between success and happiness and where your goals play a part
  • Why you need to understand what YOUR success looks like and how to get there
  • The impact of being willing to make mistakes
  • Action items people commonly complete to meet their goals
  • The meaning of building a successful business from the inside out
  • Why you shouldn’t compare your script with someone else’s script
  • The role financial awareness plays in the success of your business

LINKS WE MENTIONED ON THE SHOW:

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

ENJOY THE SHOW?