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

Perhaps you’re really starting to come into your own as an earner and thinking you could benefit from working with a financial advisor. Maybe you’ve met with several people who all call themselves financial advisors, but were surprised to discover that there was no consistency at all in what they did or the services they offered. You may also be wondering why so many advisors charge for their services in completely different ways. If your initial research into the world of financial advisors has left you with more confusion than clarity, today’s episode of Profit Boss® Radio is for you. A great financial advisor is someone who you can trust deeply - and who prioritizes your success above everything else. They should help you create a world-class investment experience uniquely suited for your needs, give you the tools to thrive in life, and help you create a legacy and estate that you’ll be able to pass on to the next generation. So, do you want to know the most important questions to ask, the red flags to look out for, and what a great relationship with a financial advisor can do for you? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why there’s so little consistency between people who call themselves financial advisors. Why I don’t like annuities - and why I don’t consider financial advisors who predominantly sell life insurance to be real financial advisors. The qualities to look for in a potential financial advisor. Understanding the difference between a fee-only and fee-based financial advisor. How to work with a financial advisor to create a world class portfolio that’s low cost, high performance, diverse, evidence-based, and built to weather market cycles. Why tax minimization, lifestyle coaching, insurance recommendations, and mortgage analysis can all be provided by the right financial advisor. What an empowering, meaningful cash flow actually looks like. Why almost every prospective client I speak with has horror stories about past advisors - and how to find someone who you can actually trust. Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/157. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast 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.

In this episode, we’re talking about how to use scholarships to pay for college. We’ve all heard the horror stories of those who graduate with hundreds of thousands of dollars in student debt. Many of my clients are faced with the very real tradeoff between making sure their kids graduate with no (or minimal) debt and funding their own retirement. To make matters worse, there’s so much conflicting information around the topic of financial aid that it can be completely overwhelming. It takes practice to learn the difference between a marketing scam and a real opportunity, and few students discover how many incredible scholarships are out there for the taking. If you’re trying to make sense of it all and can’t figure out how you (or your kids) will pay for college or university, today’s episode of Profit Boss® Radio is for you. I’m joined by Jocelyn Paonita Pearson, founder of The Scholarship System. Over the course of her college career, Jocelyn secured over $126,000 in college scholarships, graduated with zero student loans, and even received overage checks to cover her expenses. And now, she’s teaching others how to do the same. Her 6-step system for finding scholarships has helped families secure over seven figures in scholarships! So, are you ready to learn how to avoid crushing student debt, find scholarships you never knew existed, and learn how to actually win them? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/156. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google PodcastsHendershott 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.

In this episode, we’re talking about writing and publishing books. Almost everyone has a book inside of them waiting to be written. You don’t have to be an entrepreneur who wants to spread your message and grow your empire to write a book, either. You could be a doctor looking to share nutritious recipes you’ve crafted for your patients. You could even have a full-time job and a great career, but want to write the Great American Novel to express your creative energy. No matter what you write about, you’ll ultimately have to choose how you’re going to share your book with the world. At that point, you’ll have to decide between self-publishing or working with an imprint of a publishing house. I’ve personally been thinking about writing a book for a very long time. I’ve attended a number of conferences, learned what it’s like to self-publish, and taken a $5,000 course on how to publish traditionally. After doing all of this research, I decided not to write a book at the time, but as my business has grown, I’m actually reconsidering. What I learned from my experience was this: there’s no 100% right way to go. There’s a lot to learn about both methods, and there’s no clear evidence that one is more profitable than the other. What you can clearly understand, however, is how to plan for what writing your book is going to cost you in terms of money and time. For today’s episode of Profit Boss® Radio, I’m speaking to two experts on this subject. First, I’m joined by Julie Broad. Julie is an Amazon Overall #1 bestselling author, an International Book Award Winner, and recipient of the Beverly Hills Book Award for Best Sales Book. Through her company, Book Launchers, she helps entrepreneurs and professionals write, publish, and sell business and brand boosting books without giving up their rights or royalties. After my conversation with Julie, I’m speaking with Joelle Hann. Joelle is the founder of Brooklyn Book Doctor. She’s ghostwritten, collaborated, edited and developed books with top CEOs and humanitarian activists, coaches and journalists, scholars and entrepreneurs, and many others. Joelle also actively writes and publishes her own work, so she knows what it means to be coached and edited. Her signature program, Book Proposal Academy, helps authors write winning book proposals that help them land agents and get attention from traditional publishing houses. Both Julie and Joelle are also currently available for consulting, and you’re going to hear an exclusive offer from each of them if you’re ready to bring your book into the world. So, are you ready to hear all about what it’s really like to publish a book, learn from the experts’ big wins, and find out about the mistakes you need to avoid? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: How to approximate the costs of writing a book - and why not to assume it will ever pay for itself. Why authors need to be thinking like marketers regardless of whether or not they partner with a publisher. Why writers who have had success with traditional publishers are now choosing to self-publish. The difference between self-publishing and hybrid self-publishing - and why Julie isn’t a fan of hybrid. How much you can expect to pay for a highly experienced ghost writer. The difference between a developmental editor, a copy editor, andHendershott 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.

Today’s topic is one that is very close to my heart. I’ve worked with hundreds of business owners to increase their wealth. It’s something I’m very passionate about, and business financials are invariably intimidating. Honestly, I rarely meet a business owner who feels they have a good grasp on their costs, revenue sources, and profit, let alone what to do about any of that. The worst part is that I see so many business owners languish in “I’m still in ‘investing in my business’ mode” which is always code for “I’m not paying myself enough.” It’s a common, chronic condition that I’m out to cure!  Business can be the golden road to an amazing lifestyle, but you have to PAY YOURSELF in order to accomplish that. Otherwise, you’ve simply built yourself a job. So, let’s get to work decoding your business numbers.   In today’s episode, we’re digging into how to measure financial performance for three types of businesses: product businesses, brick-and-mortar businesses, and online businesses. You’ll learn what the most successful business owners I’ve worked with do (and look out for) to meaningfully measure performance, turn a profit, and consistently take home a paycheck.  If you’ve struggled to measure your success by key performance indicators, or worse, struggled to use key performance indicators that simply didn’t apply, this approach will feel like a breath of fresh air - and can help you figure out exactly what you need to do to achieve smart, sustainable growth.  Joining me for today’s conversation is Danielle Hayden. After 10 years in the boardroom as a CFO, she’s now the co-owner of Kickstart Accounting Inc, where she helps women get out of overwhelm, stop hiding in the dark, and take home the paychecks they deserve.  So, are you ready to stop hiding from your financials so you can finally get to know your business, inside and out? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why women constantly struggle to pay themselves from their businesses. Why the metrics and KPIs so many business coaches focus on don’t apply. Why failing to understand financials makes it nearly impossible to achieve profitable growth. Examples of great product businesses - and what makes them so good. When owners of product businesses should think about shutting down or considering other avenues. How to evaluate financial underperformance and determine if it’s time to reevaluate a business model. Why being emotionally attached to an unsuccessful business can be financially devastating. The unique metrics that make measuring brick-and-mortar business performance different from that of online businesses. The KPIs I use to understand where to focus my energy and make sure my online service business is growing. How online service businesses can effectively track time - even when they don’t bill clients by the hour. What business owners should be paying themselves, and how payouts should work. How people in their 30s and 40s should save for the future. Why it’s so important to understand your numbers. Why almost every business owner needs custom tools to measure their finances. Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End ofHendershott 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 153 | Profit Boss® Radio Welcome to episode 153 of The Retirement Years on Profit Boss® Radio! In this episode, you’re going to learn all about the unique, interesting, and inspiring ways that people are giving back and changing the world for the better. Believe it or not, you don’t have to wait to become a philanthropist in order to make a big difference. Doing Good While Doing Well is all about making a commitment today! If you want to learn how to give what you do have (whether it be time or money) in order to make the world a better place, today’s episode is for you. So, tune in to Profit Boss® Radio and get ready to discover the steps you can take right now to make things better for those around you - no matter what your budget is! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why it’s important to get involved in your community right now instead of waiting to give in the future. How to shift your mindset to make giving part of your monthly spending plan - no matter what your finances look like. How two New Yorkers used leveraged giving to raise $12,500 to forgive over $1.5 million medical debt for vulnerable Americans. How pooled giving can help you help others in your area. What one of my clients did to give a single mom in her community a huge financial boost. Why sponsoring a child is an easy way to change lives for the better. What my husband and I did to say “THANK YOU” to everyone who provided our daughter with extraordinary medical care - and how you can give back to people who make a difference in your life as well. Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/153. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google PodcastsHendershott 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 152 | Profit Boss® Radio Welcome to episode 152 of The Retirement Years on Profit Boss® Radio! In this episode, I’m going to walk you through everything you need to do between now and December 31st to save literally thousands of dollars on your next tax bill. Right now, there are tons of money saving opportunities available to you that you might not know about, but they all expire at the end of this year. Though it may seem a little overwhelming at first, by being diligent and following my checklist, you can bulletproof your tax and financial situation - and even save more than you did if you stayed up all night (or got up way too early) to get a great deal on Black Friday. So, tune in to this episode of Profit Boss® Radio, marshal your resources, and get this done before January 1st. Your future self will thank you! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: The five key areas of financial planning you need to handle. Why market corrections aren’t necessarily a bad thing and how they can actually lead to higher returns. Strategies you can use to invest successfully when markets are volatile. How tax gain harvesting can help you capture gains in a lower tax bracket if you see your income increasing soon and need to sell an investment. How tax loss harvesting can help you take advantage of a down market and offset losses on your investments. How much you stand to lose when you don’t max out your IRA contributions. The benefits of having balances in Roth IRAs as opposed to traditional IRAs. The best way to gift appreciated stocks or investments without paying a 45% gift tax. Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/152. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts 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 151 | Profit Boss® Radio Welcome to episode 151 of Profit Boss® Radio! In the last several episodes I have shared that my team and I have been doing some deep soul searching in a coached environment. We have been asking ourselves the following questions: What is our purpose? What fulfills us? What do we want people to have as a result of us being on the planet? As a direct result, we came to redefine our ultimate mission, which is “All people are thriving.” One of the many realizations that came from asking these critical questions is that I can speak to you about more than money. I can also cover topics that address ways to improve every aspect of your life. In this week’s episode, I am joined by Courtney Townley, host of Grace and Grit podcast. Tune in to hear ways you can focus on your health and learn the actionable steps you can take to achieve your healthiest life right now.  Find out what healthy living truly means and glean practical tips you can apply to your own life in this exciting episode of Profit Boss® Radio.  Here’s what you’ll find out in this week’s episode of Profit Boss® Radio Hilary’s top three health practices for her life What “healthy living” means today The definition of stress and how it influences our lives How acute inflammation can be positive or negative in our bodies What the different types of stress are and how it affects our bodies Why mental health is just as important as physical health For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/151-master-healthy-living/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 150 | Profit Boss® Radio Welcome to episode 150 of Profit Boss® Radio! What a massive milestone! We appreciate all your loyalty and support of Profit Boss® Radio over the years. In this episode, we discuss the powerful transformation you can create in your life when you turn life goals into financial goals with George Kinder - the father of the Life Planning movement. If you have ever found yourself getting stressed or stuck on the logistics side of money then this episode is for you. The details of everyday money management can get heavy at times, and if you are like many of my clients you may get to the point where you want someone to help make sure your financial house is in order and maintained.  George Kinder joins us in this episode to offer his unmatched insights and experience with over 30 years of practice as a financial planner and tax advisor and over 50 years as a mindfulness practitioner. He is passionate about helping people achieve authenticity and freedom. He takes us through his journey of being an influential financial coach and best-selling author helping people understand the psychology of money. He is a global leader in the movement of helping people to visualize and create a better world better now.  Tune in to Profit Boss® Radio today and learn how you can create mindfulness in your life that can turn life goals into powerful financial goals and achievements. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio What life planning is all about, and how it’s different from traditional financial planning What “freedom” is according to George The correlation between financial planning and heart transformation What trait the best financial planners have in common The infamous three questions George asks to help you identify your purpose on the planet How you can begin a path to authenticity and freedom For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/life-goals-financial-goals/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 149 | Profit Boss® Radio Welcome to episode 149 of Profit Boss® Radio! In this episode, I’m taking a peek behind the curtain to reveal the top eight investment mistakes that can derail your retirement. Why am I covering this topic? Well, because if you are a listener of the show, not yet a client, there is a large possibility that you may be managing your investments on your own, or perhaps you have a relationship with a financial advisor who has saddled you with investments you have mediocre confidence in. If that is the case, I want to equip you with knowledge that can inoculate you against making these common investment missteps that can undermine your ability to reach your full wealth potential. You see, the financial mistakes that can negatively impact your financial trajectory are often the ones you don’t see coming or don’t know to watch out for. Lucky for you, you’re a listener of Profit Boss® Radio, and I’m about to blow the whistle on investment mistakes that can cost you significantly in retirement.  Here is what you’ll find out in this episode:   Mistake #1: Making Investment Decisions Based on Emotion   There is a lot of chatter in the media about the markets. If you listen to what the pundits have to say, you may be swayed to make emotional reactions to the market rather than remaining objective and steadfast. Find out why you should never make emotional investment decisions and how these sorts of decisions usually end up.   Mistake #2: Using Name Brand Mutual Funds that Cost Too Much   How to know if a mutual fund has high returns Why you should pay attention to how a fund performs relative to the benchmark Why name brand mutual funds are so expensive and who ultimately absorbs the costs For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/8-investment-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 148 | Profit Boss® Radio Welcome to episode 148 of Profit Boss® Radio! In this episode, I had the opportunity to interview Kim Bohr. Kim Bohr is the CEO of The Innovare Group, a certified executive advisor, and a sought-after speaker. She combines 20 years of practical business experience as a cross-functional executive with her passion to make people and businesses better from the inside out.   In today’s episode, Kim shares with us her 3A framework and how you can apply it to your career advancement goals. The 3A’s are: assess, align, and accelerate. Assess means taking an in-depth analysis of the different components within your career. Then, finding the gaps and creating a plan to align your career with your goals. Finally, being able to apply those things you have discovered to design and accelerate your career.    Along with teaching us her 3A framework Kim shares practical tips on how to intentionally build your network. Oftentimes people can grow intimidated when you talk about networking. When utilized correctly networking can be incredibly valuable to accomplishing your career goals.  So, are you ready to design your career for wealth? Then you don’t want to miss this information-packed episode with Kim Bohr. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio The difference between men and women when it comes to applying for jobs How men and women approach networking differently How to develop your network to support your career goals Why it is key to intentionally build a diversified network How to spot gaps in your career goals  How your network can help you close those gaps For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/design-career-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.