Coming Out Late Ep. 85: Developing A Money Mindset While Coming Out Late, Part 2
In this episode of the Coming Out Late podcast Robin has a casual but critical conversation with another late bloomer, Sabrina, about the importance of developing a money mindset in our lives - especially before, during and after our coming out late journeys. Together Robin and Sabrina broach the “Money Mindset” subject from their own beginner’s knowledge and personal experiences.
In this episode you will learn about and hear Robin and Sabrina discuss…
- What IS “Money Mindset”? And how/why does that affect YOU?
- Three steps in budgeting: (1) try to save 10% of your income, (2) know what your monthly fixed expenses are and try to keep them at 50-60% of your income, and (3) put aside about 30% for “spending” or your “fun money”.
- You can only cut-back your expenses so much, but, can you renegotiate your big, big fixed expenses, (i.e., auto insurance, homeowners insurance, your mortgage to a lower interest rate, rent, etc.); the next question is, can you increase your income at all?
- Whether you’re a stay-at-home mom, work part time, or even full time, know what value you bring to your marriage and be willing to fight for your value!
- Know what the rental market is in your area and determine what your income needs to be in order to move out and live on your own.
- If neither you and/or your spouse cannot afford to move out, then you both need to ask the question, “...how can we meet our needs within the marriage. Are you ok with me seeing someone else and you seeing someone else…?” (a.k.a., ethical non-monogamy).
- Whether or not you stay in the marriage, there will always be trade-offs. The questions are: What are you financially able to trade-off? And, what are you comfortable trading-off?
- Wanna support our “Coming Out Late” podcast? Then please consider buying Robin a “virtual” coffee as a sign of your appreciation. Simply go to: https://www.buymeacoffee.com/RobinDouglass
Links to resources:
PRIVATE ONE-on-ONE COACHING w/ROBIN DOUGLASS
If you are struggling to make sense-of and MANAGE this new aspect of your COMING OUT LATE life - AND the people IN your life affected by your COMING OUT LATE? Then I encourage you to send me an email and request the information sheet on my one-on-one coaching. It REALLY DOES make a BIG difference to have someone like myself who really ‘gets you’, who has been through it and who can help YOU decide what the best course of action is for YOU. I can give you references from women I am currently working with. And something I offer is unlimited, asynchronous communication IN BETWEEN our meeting sessions, so you’ll ALWAYS have me in your hip-pocket to turn to. Email me at: Comingoutlater@gmail.com to request my Coaching Info Sheet. I’m reasonably priced, offer you flexible ways you can use your sessions and am always only a text away.
‘THE NOT-STRAIGHT SUPPORT GROUP’!
The Not-Straight Support Group has always wanted to just be inclusive to ALL folx who deem themselves not-straight; we wish to attract and be inclusive to bisexuals, pansexuals, questioning persons, queers, trans-, and non-binary folx. Each week we gather to talk about whatever is in our hearts and on our minds, mostly related to some aspect of our coming out journey. You can share as little-of, or as much of your story as you feel comfortable. Show up late, leave early - just come grab some lovin’ support!
The Not-Straight Support Group meets every Wednesday at 12:30pm EST
You must register, pay and use this link each and every week you attend.