The His and Her Money Show

These are some trying times for all of us. With the COVID-19 outbreak sweeping the nation, everything in our lives is a little confusing right now, including our finances. We want you to know, we get where you're coming from, and today's guest is coming through to break it all down. For this episode of His & Her Money, we've got a familiar face stepping up to the mic as Lynnette Khalfani-Cox joins us yet again. Lynette is a financial coach and getting her back on-board for this important conversation was a no-brainer - she's one of our trusted allies in the financial community, bringing her own strategies and practical advice to the table so you're informed, you're prepared, and you're staying safe. Stay connected with Lynette at askthemoneycoach.com! WHAT YOU WILL LEARN Sorting out the facts vs. fiction surrounding the stimulus package A step-by-step breakdown to unemployment Lynette's insights on managing your money during a crisis Slowing down and figuring out during quarantine Empire-building for the future Answering your questions on 41k loans The importance of knowing your own finances, even if you have an accountant RESOURCES MENTIONED Lynette's List of State Maximum Unemployment Benefits (2020)

We've all heard about toxic people and relationships. Even if you don't realize it at first, not everyone in your life is going to be a positive influence and it's easier than you might think to miss the red flags of a toxic person in your circle. Sometimes we do notice, but we just don't want to act on it. The His & Her Money Show isn't just a financial podcast - we're here to help you with life, marriage, and all things in between, and today's guest is here to do just that. Dr. Laura Dabney is a psychiatrist specializing in psychotherapy, and an expert on identifying toxic people and relationships and helping others figure out just what to do with them. Whether it's a friend, partner, or family member, there are steps you can take to distance yourself and either cut ties completely or put in some work to better the relationship. Laura breaks it down for us with some invaluable tips for avoiding the negative influence of others and surrounding yourself with the positives. Her pearls of wisdom can apply to all sorts of situations - yes, even financially - and we hope you can implement them into your lives and break any toxic cycle you might find yourselves in. RESOURCES MENTIONED drldabney.com/ instagram.com/lauradabneycom/

A sizable amount from a savings account and a small amount of money from a lawsuit settlement were the two methods that our guest today used to pay off her $62,000 debt in a little over a year.  Kiara lost her job right when she had a plan to pay off her student’s loan debt in 8 years or maybe 5 years if she worked hard enough. But that suddenly took on a different turn when she suddenly got fired and she had to sue her former employer.  Kiara shares how being an avid saver helped her pay off her debt faster even when she did not have a stable job. She also shares how the sacrifice of living at home helped her pay off her debt faster than most people. Listen in to learn how Kiara has a principal of saving 10% of her income whether she is employed, underemployed or unemployed. You will also learn how she used the snowball method when consolidating her loans- which is basically paying off the smaller loans with the largest interests first. Resources Mentioned The Richest Man in Babylon by George S. Clason Focus Groups: Focus Point Global Schlesinger Lucas Market Research Brand Ambassador Program: Fusion Event Staffing ATN Event Staffing Havas Street

A couple needs to be on the same page when it comes to major decision making like paying off debt, which is what our guests today did to finally pay off theirs.  Marek and Kothney-Issa were initially living life to the fullest, enjoying their marriage without caring about the debt. This was until Marek came across Dave Ramsey on the internet and brought the matter up with his wife.  They share the strategy they used to pay off their $120k worth of debt in 24 months. They also share why they decided to live in a tiny house and why they believe it’s a good investment. Listen in to learn why you might be spending more money than you need monthly and why you need to do the math to start paying off that debt. You will also learn how you can still have a strong marriage even when working multiple jobs.

Cutting off expenses drastically, budgeting, and keeping a spending record were some of the major steps that saw today’s guest pay off her debt in less than 2 years.  Tracie is a 100% self-employed freelance photographer who only got serious about paying off her $75,000 debt in August 2018. The overwhelming burden of debt prompted her to take the necessary action. Tracie shares how being a self-employed entrepreneur with an unstable income became her excuse for making slow debt repayments. She also shares how listening to other people’s stories on the His and Her Money show brought her to the realization that she wasn’t doing enough to finish off her debt. Listen in to learn how you can also pay off your debt even without a stable income. You will also learn how to raise your rates as a freelancer, and ask for what you deserve which might be of huge help in paying off that debt you owe.

From a young age, both Chris and his wife had the anti-debt mentality, which helped drive them to early retirement, and to be successful before their wedding day. This level of commitment can be replicated by taking a step back and looking at taxes, payment plans, finance, etc. from a different perspective. In this episode of the His & Her Money Show, you will hear about the amazing story of Chris Mamula, and how he retired at “41”. RESOURCES MENTIONED Can I Retire Yet ChooseFI Podcast ChooseFI: Your Blueprint to Financial Independence  Chris Mamula’s Twitter  

Today we have Rob and Melissa to introduce us to Flea Market Flipper, and the strategies to turn something that has been thrown away or neglected, into something valuable.  Incredibly, they have managed to turn this hobby into a profitable business and have encouraged many to do the same. It’s that simple, but not easy to accomplish. In this episode of the His & Her Money Show, you will hear about the incredible journey that Rob and Melissa have taken, and how the Flea Market can be of value to you. RESOURCES MENTIONED Flea Market Flipper The Flea Market Flipper University Flea Market Flipper YouTube

Supplementing your income with a side hustle can make a world of difference when it comes to paying down debt or boosting your savings. Today’s guest has been able to do both.  After Julie and her husband paid off over $90,000 in debt, she was able to take her side hustles to another level when she started to make money on Etsy. As a new mom balancing a full-time job and two other side hustles including her blog, Millenial Boss and show the Fire Drill Podcast, Julie has managed to add an additional $6,000 to her income since starting her Etsy store, The Swag Elephant. Julie shares what she's learned in starting up this lucrative hustle and how with the use of digital products, she’s been able to create a semi-passive flow of income for her and her family. Listen in to learn how you can do the same and why established platforms like Etsy are prime for launching any good product— even if you don't have one crafty bone in your body. Resources Mentioned: E-Printables Side Hustle Course Power Couples University Fire Drill Podcast How Julie paid off $100,000 in debt

Ladies, if a man confessed to having a huge debt while you are dating, would you go ahead and marry them? Many ladies would never give it a shot. The fear of getting into a marriage and bringing in debt is real! Today on the show, we have a couple that did not allow debt to stop them from getting married. Alfred brought in a debt of $145,000, while Felice made sure that she brought in no debt. When they got married, they agreed on aggressively paying off Alfred’s debt. They went headlong into their debt freedom journey when they came to a point where they felt the need to pause their efforts. Tune in to find out the powerful reason why and the lessons they've learned along the way. Resources Mentioned:  Frugal Freddy Website 8 Essential Steps to Getting out of Debt

Bill’s story is a little different from the other stories you may have heard on the His & Her Money Show. That’s because Bill’s (aka Billy B.) story starts off with a 10-year sentence….but it ends with a $300,000 net worth and marriage at the end.  Bill survived a 10-year prison sentence and a life of partying, drugs, and addiction to become an entrepreneur, speaker, investor, and owner of the Wealth Well Done blog. You can find out more about him on his website,  Facebook, or Twitter.