Episode 106: How to Become a Millionaire with Ariel Ward

Episode 106: How to Become a Millionaire with Ariel Ward

Financial Planning
Financial Planning
Episode 106: How to Become a Millionaire with Ariel Ward
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This week I sat down again with Ariel Ward, CFP® to talk about how to become a millionaire and some of the small steps you can be taking now to help you down the road.

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:

  • The first thing to do to start growing your net worth
  • The question I like to ask all of my clients to help judge progress
  • How being debt conscious can be an important step toward millionaire status
  • How student loans play into your plan of millionaire status
  • How critical employer-sponsored retirement savings accounts can be
  • Leveraging a Roth IRA or a backdoor Roth IRA
  • If you’re paired up, is maxing out two 401(k)s enough for retirement
  • A few items millionaires have leveraged to get to that status
  • Other areas to focus on beyond investments when working to become a millionaire
  • One of your most valuable assets to help you increase your net worth
  • How lifestyle inflation can delay your ability to become a millionaire
  • What a $5,000 raise could do to your net worth over 20 years
  • A fear small business owners have that could be hurting their millionaire status
  • Where a budget plays into your millionaire goal
  • The difference between saving a percentage of income vs. a specific dollar amount

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 104: Rocking Retirement with Roger Whitney

Episode 104: Rocking Retirement with Roger Whitney

Financial Planning
Financial Planning
Episode 104: Rocking Retirement with Roger Whitney
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This week I sat down with fellow CFP® Roger Whitney to discuss planning for retirement, some dos and don’ts and baby steps along the way to set you up for success.

Roger Whitney, CFP®, CIMA®, CPWA®, AIF® is a cofounder of WWK Wealth Advisors and host of the award-winning podcast The Retirement Answer Man. He has been a financial planner for over 27 years. Each day he “walks life” with individuals and families, helping them plan for, transition into, and live out their life after a working career.

He is a former instructor of retirement planning and employee benefits for the Certified Financial Planner certificate program at the University of Texas at Arlington. He has also taught wealth management at Texas Christian University Extended Education.

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

  • What does retirement mean for you
  • 4 choices that are usually presented to fill the retirement gap
  • Why people avoid planning to be a retiree
  • What a traditional retirement consist of
  • The inspiration people need to take action on long-term planning
  • The question people generally have about retiring
  • Understanding the W.A.M. process of retirement planning
  • How you should view retirement while you’re in the accumulation phase of life
  • The approach you don’t want to take when planning to retire
  • The group that struggles most with figuring out what a life after work looks like
  • The best way to make the transition from full-time worker to retiree
  • Why you need clarity and intension around your money decisions
  • How to utilize 6 month sprints to achieve your money goals
  • Finding the balance of enjoying life now and preparing for life after work
  • Why you should focus on the journey and not just the end game

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 103: Bookkeeping Strategies and Business with Greg Higdon

Episode 103: Bookkeeping Strategies and Business with Greg Higdon

Budgeting
Budgeting
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

LINKS WE MENTIONED ON THE SHOW

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

ENJOY THE SHOW?

Episode 106: How to Become a Millionaire with Ariel Ward

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

Goal Planning
Goal Planning
Episode 91. What to Consider Before Buying a Home 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:

  • 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 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 31: Traits & Characteristics of the Financially Savvy with Joe Saul-Sehy

Episode 31: Traits & Characteristics of the Financially Savvy with Joe Saul-Sehy

Leadership
Leadership
Episode 31: Traits & Characteristics of the Financially Savvy with Joe Saul-Sehy
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This week I sat down with award winning podcaster, Joe Saul-Sehy.

Joe Saul-Sehy is the creator and co-host of the award winning Stacking Benjamins podcast. Kiplinger magazine called Stacking Benjamins the best personal finance podcast of 2016. The Academy of Podcasters has nominated Stacking Benjamins for their Best Business Podcast award, to be given out later this year. Joe was a financial advisor for 16 years and is the proud dad of 21 year old twins.

Here’s WHAT YOU’LL LEARN FROM THIS EPISODE:

  • The traits and characteristics that the most financially successful people you have or embody.
  • Whether the people who are mostfinancially successful are also the happiest.
  • What brings happiness when it comes to money.
  • The really smart moves you should be taking with your finances.
  • How to think creatively about your financial issues.
  • How to automate your money.
  • Money scripts and how they impact you.
  • What you can outsource and how it can impact you.
  • The stupid things people do with their money.

LINKS WE MENTIONED ON THE SHOW:

GET SOCIAL WITH JOE AND LET HIM KNOW YOU HEARD ABOUT HIM HERE!

ENJOY THE SHOW?

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

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?