rich & REGULAR with Kiersten and Julien Saunders

Ep 156: Survive & Advance | The Ultimate Guide to Financial Resilience with Lynnette Khafani-Cox

Apr 1, 2024

Author and personal finance expert Lynnette Khalfani-Cox discusses financial resilience and bouncing back from setbacks. She explores the emotional side of financial challenges, emphasizes self-compassion as a survival strategy, and shares personal stories of overcoming hardship. Lynnette also provides insights into her writing process, dealing with pressure, and setting realistic expectations. Practical tips for saving money and achieving financial resilience are highlighted from her book 'Bounce Back: The Ultimate Guide to Financial Resilience.'

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Introduction

00:00 • 2min

Navigating Financial Resilience Through Personal Struggles

02:06 • 20min

Navigating Publishing Pressure

22:21 • 5min

A Day Packed with Commitments and a Concert Experience

27:29 • 2min

Resilience and Financial Responsibilities Post-Divorce

29:25 • 7min

Self-Care Techniques for Building Resilience

36:45 • 16min

Embracing a Zero Debt Mindset for Financial Resilience

53:11 • 7min

Strategies for Saving Money and Achieving Financial Resilience

01:00:13 • 3min

This week we’re joined by author and personal finance expert Lynnette Khalfani-Cox to discuss the importance of financial resilience and the strategies for bouncing back from setbacks. Lynnette dives into the core concepts from her book "Bounce Back: “The Ultimate Guide to Financial Resilience and explores the emotional side of financial challenges. In this refreshingly candid interview, Khalfani-Cox gets real about the psychological toll of money woes and those dreaded "Ds" that can decimate your finances: Debt, Downsizing, Divorce, etc. This isn't just about spreadsheets and hacks. It's a master class in self-compassion as a survival strategy.

Lynnette also provides insights into her writing process, dealing with pressure/deadlines, and setting realistic expectations when she working on the book and workbook. Whether you're struggling with debt, recovering from a job loss, or simply want to become more financially resilient, this episode is packed with wisdom and real-world advice for bouncing back stronger than before.

Get Lynnette’s new book Bounce Back: The Ultimate Guide to Financial Freedom Connect with Lynnette on her website, Instagram, Twitter, or LinkedIn

Key Takeaways:

The Power of Personal Stories: Lynnette shares moving personal accounts that illustrate the resilience needed to overcome financial hardship and life's inevitable curveballs.
Mental Health Comes First: Before tackling practical money issues, Lynnette emphasizes taking care of your mental and emotional well-being through self-compassion.
Overcoming Shame: Breaking down the barriers to asking for help and support from one's community when facing difficulties.
Practical Tips: The "zero debt mindset" philosophy and the "switch and save" strategy for paying down debt more effectively.
The Long Game: Understanding that financial decisions have long-term impacts and that building true resilience is an ongoing process.

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