Love, your Money - Wealth, Money, and Financial Advisor for Women

Welcome to The Retirement Years on Profit Boss® Radio episode 143! This is a brand new season of Profit Boss® and I have made a few adjustments this season! Now titled: The Retirement Years on Profit Boss® Radio, this show is your weekly wealth building and retirement mastermind. Profit Boss® is also a movement for women to reach their full wealth potential and be financially free. I’m covering the sophisticated wealth planning topics that most directly affect you, my sophisticated listeners. So, let’s get right to it!   In this week’s episode, I talk about planning for retirement as a couple. The idea of planning for retirement in general can be daunting, and then approaching retirement planning with your significant other isn’t always easy or straightforward. It can be incredibly difficult to become mentally prepared for this discussion with your partner. You are also likely in that busy season of life right now where you are faced with many current financial obligations, such as buying a home, making repairs or renovations (like me!), sending kids to college, career planning, and even travel.  I understand there are many things for you to accomplish now, but let’s prioritize planning for the future you and your loved want, too. You can have your best life in retirement. It can seem like a lot of sacrifices foregoing what you want today for tomorrow. In actuality, you can leverage your planning now and for the future. So, how do you plan for your future with your significant other?  That’s what I cover in today’s show. This episode is split into three sections. First, you discover what you need to know to start planning for retirement. Second, I share what things you need to do to plan as a couple. Third, I reveal the most important aspects of a successful retirement. Tune in and glean insider tips and tactics on how to plan for retirement together. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio Part 1: What you need to know to start planning for retirement together (7:42) Moneywise segment-What is diminished marginal utility? Part 2: What things you need to do to plan as a couple (20:28) Part 3: What are the most important aspects of a successful retirement (32:32) For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/plan-retirement-together/ Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

Hey Profit Boss® Radio listeners! I am just dropping in to offer a brief summer update about what you can expect in the upcoming new season of Profit Boss® Radio launching this September!  Tune in for the 4-1-1! For more details, please visit https://www.hilaryhendershott.com Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

EP 142 | Profit Boss® Radio Welcome to episode 142 of Profit Boss® Radio! As of this episode, I am taking a brief summer hiatus so that I can focus on the $50K Wealth Multiplier Experience and, more importantly, family and my daughter’s health. I do have some homework for you this summer and plenty of useful resources along the way, however!   When is the last time you reviewed your and your spouse’s beneficiary elections for all your accounts to make sure that they everything is set up the way it should be? If you're scratching your head wondering when that might have been, it's probably been too long. Your beneficiary elections are incredibly important. To ensure that your estate plan is executed properly in the event the need arises, you want to be certain beneficiary information is up to date. Learn the estate planning mistakes to avoid in this week's episode of Profit Boss® Radio. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio The importance of making sure that beneficiary forms are up to date The difference between gift tax and estate tax, and how it can impact your estate planning wishes How people normally elect their beneficiaries (and the things you should consider when making these important decisions) How I personally set up my estate for my daughter Harlyn Why I generally don't recommend anyone inheriting an estate under the age of 35 How utilizing trusts in your estate plan provides specific parameters for how and when beneficiaries receive benefits For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/avoid-beneficiary-mistakes/Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

EP 141 | Profit Boss® Radio This episode originally aired on Profit Boss Radio Podcast, How to Buy Your Dream House in 28 Days in a Sellers Market Without Multiple Offers, 5/2/17 Welcome to episode 141 of Profit Boss® Radio! Over the last few episodes, we have been talking a lot about building your wealth. For many of you owning your own home will be a critical part of your wealth building journey. Also, investing is integral to building your wealth as well. This episode is occurring not long after the April 15th tax deadline. So, I am taking a moment to talk about contributing to tax-deferred investment accounts and how it can help put you in a better position come tax season next year. There are many shows on TV where they make home buying seem like such an easy-breezy experience. You select three homes and pick the one you like the best and then you move in. They do not show the behind the scenes process. In reality, there are many moving parts to navigate the real estate world, and I share some insightful tips in this episode. Tune in to this week’s episode as I share how to qualify for mortgages, how to write and strategize your offer to stand out in a competitive situation, and so much more! I also reveal my own crazy whirlwind home buying journey that I believe provides excellent advice and encouragement to anyone preparing for their own real estate journey. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio  The importance of investing in tax-deferred accounts What are the yearly IRA contribution limits and deductions My personal home buying journey Understanding the up-to-date regulations in the home buying process How to understand the mortgage process from beginning to end Why mortgage debt is not bad debt For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/buy-dream-house/Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

EP 140 | Profit Boss® Radio Welcome to episode 140 of Profit Boss® Radio! In this week’s episode, we are talking about the power of the 7 Steps to Wealth framework. We also share powerful client win stories and learn through other women's stories about how they achieved financial success. The stories we share in today's episode are women who have walked this journey and manifested meaningful changes to their financial life. You're invited to walk through the 7 steps yourself or create a mastermind with other women. How long has money been a thorn in your side? How long have you been putting up with the fact that money is an area of your life that doesn’t work the way you’d like it to? Right now, today can be your time to take the action that makes the difference! Vision is a powerful compass--so what is your vision? What would your life be like if you could finally stop worrying about money? What would you experience instead? I bet it would be confidence, peace of mind, clarity, abundance, and even more inspiring things. Tune in to today’s episode to hear what like-minded women have overcome and accomplished so you can start applying these tips and tactics to your finances.   About the $50K Wealth Multiplier Experience The $50K Wealth Multiplier Experience applications are now LIVE! The 2019 $50K Wealth Multiplier is open to just ten women, so make sure to register as soon as possible. There is an investment and commitment to be apart of this year’s cohort. Jen and I will be spending a massive amount of our time, intellectual capital, and resources to launch participants on their financial journeys to discover their full wealth potential.  If you are interested in more accountability, coaching, 1-on-1 work and more make sure to apply now! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio What would your life could look like if your was free from financial constraints. Why smart and hardworking people fail to produce the financial results they want. How you can impact your mindset and behaviors at the same time. Learn the first step of building wealth Decide and how $50K participant Sarah made the decision to be wealthy and achieved a wealth multiplier of $163,187. Learn the second step of building wealth Plan and how Layla implemented a plan for her finances and achieved a wealth multiplier of $232,183. Learn the third step of building wealth Speak and how Danika overcome the obstacles that prevented her from reaching financial succesHendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

EP 139 | Profit Boss® Radio Welcome to episode 139 of Profit Boss® Radio! In this week’s episode, we talk about ways to increase your wealth instantly. This is not a get rich quick scheme! I am talking about real, practical, and actionable ways to increase your wealth instantly. One AMAZING way to increase your wealth is to apply for the $50K Wealth Multiplier Experience today! Applications are now LIVE! The system I will be sharing in today’s episode is a core part of this valuable program. The $50K Wealth Multiplier is open to only ten women, so make sure to register as soon as possible. One of the biggest reasons I decided to start this program is that there have been many times I have heard people say, “Just tell me what to do.” So, that is exactly what I will be doing in this program. Tune in to today's episode to get an inside look at how to increase your wealth instantly. Also joining me in today’s episode is Jen, who is a valuable part of my team and who happens to be the Cash Flow and Automation coach in the $50K Wealth Multiplier Experience. Not sure what that is? I will share exactly what this means later in this episode. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio The impressive net worth increase of last years’ $50k Wealth Multiplier Experience participants The importance of having a system in place for your finances How to discover your wealth trajectory Tried and true ways to increase your net worth What the Profit Boss® Automation System is and why it's different The steps you can take right now to implement the Profit Boss® Automation System What you can expect as a participant of the $50K Wealth Multiplier Mastermind For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/increase-your-wealth/Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

EP 138 | Profit Boss® Radio Welcome to episode 138 of Profit Boss® Radio! In this week’s episode, I had the opportunity to sit down with Sigrun. Sigrun is an incredible and very profitable business coach. In this episode, we discuss how women can establish and run highly profitable businesses! I’m sure it’s no surprise to you that more and more women are turning to entrepreneurship to create a lifestyle and a career they love. In fact, the number of women-owned businesses increased by 58% in the last twelve years! Therefore, if you have been contemplating launching a business, or if you’d just like the mindset secrets to take the lid off of your existing profits, this is the episode for you. Let's jump in and hear from Mastermind Business Coach Sigrun as she takes us behind the scenes and teaches us how to launch a scalable 7-figure business. Here’s what you’ll learn in this week’s episode of Profit Boss® Radio  What makes Sigrun so different from other business coaches How to apply your experiences and existing skills to your business How having a “Whatever It Takes” attitude can be very helpful in business The importance of having an expansive money mindset How being confident in yourself can help open doors that were previously closed One of the differences between men and women when it comes to risk For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/launch-7-figure-business/Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

EP 137 | Profit Boss® Radio Welcome to episode 137 of Profit Boss® Radio! In this episode, we are discussing the FIRE movement with Tanja Hester. The word FIRE is an acronym for Financial Independence, Retire Early. There are plenty of reasons why people want to leave the workforce and retire early, but how much do you need to have saved up in your nest egg to make that a reality? That is just one of the important questions Tanja and I cover in today’s show. You won’t want to miss this week’s show where Tanja talks about how she and her husband were able to retire at the age of 38 and what steps they took to make that possible. Take a deep dive into Tanja’s journey toward financial independence and early retirement. If you have been wanting to understand and learn more about the FIRE movement, and how you can accomplish this for your life this episode is for you. Thank you to Tanja Hester for joining me today to help shed light on how anyone can make this possible in their own life. For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/financial-independence-retire-early/Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

EP 136 | Profit Boss® Radio Welcome to episode 136 of Profit Boss® Radio! Today’s episode features your questions. Thank you for sharing your personal finance questions with me so I can answer them offline with you or through the show. Please keep them coming.   This week’s show includes questions about what should you do first when paying off student loan debt, creating an emergency account or curveball account, and how to help your financial partner pay off his or her student loans before accomplishing other financial goals. Also, I share the cities that actually pay you to move.   If you have been wondering about how to best prioritize your finances, this episode covers the gamut of financial priorities. Thank you to Jenni, Katie, Marisa, Nellie, Nikki, and Meghan and everyone else that sends me questions.   Here’s what you’ll find out in this week’s episode of Profit Boss® Radio. What You’ll Find Out in this Episode: Common pitfalls of buying real estate with your significant other before marriage How to handle student loan debt What the Robinhood app is and why you should tread carefully How to know if you should start a high-yield savings account or pay off student loan debt first What the magic number is when planning a wedding and how to not overspend How to prioritize your finances after starting a new career or securing a new job For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/prioritize-finances-ask-hilary/Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.

EP 135 | Profit Boss® Radio Welcome to Profit Boss® Radio. Today, we are having a very valuable conversation with Dr. Brad Klontz, CFP® warning us about three very costly financial disorders. All of us hold certain beliefs and biases about money that impact how we behave with our money. Sometimes our money beliefs are obvious to us but in many instances, these money beliefs can be a subconscious force driving our financial decisions without us even realizing it. This episode is a full statement on the psychology of money and how the way our brains think about money can, and does, manifest our financial reality. Where does our thinking go wrong that can get us in trouble financially? If you have ever wondered why you think and feel a certain way about your finances, or want to better understand how your personal beliefs may be holding you back from reaching your financial potential, be sure to tune in to this week’s episode! What You’ll Find Out in this Episode: How your subconscious beliefs can sabotage your relationship and reality with money The difference between money and wealth Which money beliefs lead to a devastating impact on your financial life Why it’s so easy to get stuck in self-defeating money beliefs How poorly the human mind makes financial decisions and why Ways you can override the emotional pull to do finances wrong in order to do it right For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/financial-disorders-brad-klontz/Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.