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

EP 124 | Profit Boss® Radio Welcome to the first Ask Hilary episode of Season 3 of Profit Boss® Radio! All season long, I encourage you to send me your financial questions so that I can answer them on the show, and I’m happy to share that my listeners have great questions that I know all of you will learn from and be able to apply to your own lives. Today’s episode includes questions about business taxes, the stock market, prioritizing your money to save for retirement, and investments. I’m thrilled to answer all these listener questions in today’s episode. Thank you to Nikki, Carrie, Malaika, Ina, 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 Learn from This Episode What the tax benefits are when you run your own business What you can write off as a business expense and what you can’t Why it’s great to be a business owner: Perspective on the upside of being your own boss How you can reach ALL your financial goals and needs Why you can prioritize your retirement savings in light of your everyday expenses...and should! Whether or not you should ever buy individual stocks Why it’s so difficult to profit from individual stock picking, but how you can benefit from company growth by investing a different way The benefit of investing in mutual funds vs. individual stocks How to approach investing like Warren Buffett What a balanced fund (fund of funds) is and why it’s used with some of our Ignite clients How we evaluate investment funds and what the ratings mean from Morningstar, Lipper, Zacks, TheStreet.com, and CFRA Insider Insights: What goes into investment recommendations, meaning how we select certain investment funds over others for our clients What you should know about expense ratios and the impact they have on investment performance Why stock returns are unpredictable and why it’s so difficult to profit from stock news you hear in the media Where you can get financial advice For more details, please visit our show notes on our website: 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 123 | Profit Boss® Radio This episode originally aired on So Money by Farnoosh Torabi, 8/31/16 Today on Profit Boss® Radio, we are replaying an episode that originally aired on Farnoosh Torabi’s popular podcast So Money. Farnoosh had me on as her guest to talk to her audience about what it takes for women to be successful with money and what some of the most common financial obstacles women, specifically, have to overcome. What You’ll Learn from This Episode Why women tend to perform better in the stock market than men The most important criteria for women to succeed with money The role your money mindset plays in  your financial success Hilary’s personal financial philosophy For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/so-money-farnoosh-torabi/ 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 122 | Profit Boss® Radio Profit Boss® Radio listener stories are some of the most inspiring and, yet, pragmatic financial experiences I am privileged to cover on the show. Today’s Listener Series episode features Leslie Woods. Her story demonstrates the incredible power anyone can wield if you're ready and willing to roll up your sleeves and say, "YES!" to prosperity. Leslie is a graduate from our $50K Wealth Multiplier Mastermind Program and details her incredible transformation from surviving in a vicious cycle of financial crisis to living in a state of financial abundance.  Tune in to this week’s episode of Profit Boss® Radio to hear Leslie's inspiring story, and learn about the financial behaviors and money mindset that can lead to financial success. For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/overcoming-financial-crisis 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 121 | Profit Boss® Radio This episode originally aired on Don’t Keep Your Day Job Podcast by Cathy Heller, 2/19/18 Today on Profit Boss® Radio, we are replaying an episode that originally aired on Cathy Heller’s wildly successful podcast Don’t Keep Your Day Job. Cathy had me on as her guest this year to talk to her audience about removing blocks around money and is graciously allowing me to re-air the episode to my audience. Tune in to this show and find out how you can change your relationship and habits with money. I share ways to build wealth and also how to overcome limiting beliefs that can get in the way of you reaching your full financial potential. For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/empower-money-mindset/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.

Thank you for being a loyal Profit Boss® Radio listener and for tuning in to this important update.  While this isn't a regular episode about finance or how to manage your money, many of you understand the direct impact medical issues can have on personal finances.   As I'm sure you noticed, I was off the air for a couple of weeks this month. In our last episode (EP 120 | How to NOT Outlive Your Money), I mentioned that I would provide an update. So I want to take just a little bit of time now to share with you what has been going on in my personal life that has had such a profound impact on my family and me. Please tune in for 10-minutes as I share the unexpected journey we've been on managing an unthinkable medical diagnosis of my two-year-old daughter Harlyn.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 120 | Profit Boss® Radio Today on Profit Boss® Radio, we talk about managing the costs of healthcare. Specifically, we talk about making sure that paying for your own healthcare, or long-term care or assisted living doesn’t cause you to run out of money. What You’ll Learn from This Episode Why women need to be thinking about the long-term cost of healthcare What long-term care insurance is and how to determine whether or not you should buy it What an Elder Law Attorney does and how to find one For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/not-outlive-money 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.

Profit Boss® Radio listener stories are some of the most inspiring and, yet, pragmatic financial experiences I am privileged to cover on the show. Today’s Listener Series episode features Jenna Missanelli. She bravely shares her story about how financial infidelity in her marriage contributed to her eventual divorce and how her financial recovery has completely transformed the second half of her life. Her story is not dissimilar to others who face financial strife in their own relationships. No matter what you have been through or are going through, Jenna’s story is a reminder to us all that there is always hope to turn our circumstances around and reach financial success Tune in to this week’s installment of Profit Boss® Radio to hear her powerful story and the biggest financial lessons she learned from her journey. For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/recovering-from-financial-infidelity/ 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 118 | Profit Boss® Radio Most of our conversations on Profit Boss® Radio are about how to keep wealth for yourself. How to earn it, save it and how to grow it. In this episode, we’re going to talk about giving it away and how to get started with charitable giving. What You’ll Learn from This Episode How to get started with giving How to design a life that aligns with your principles and values The impact the new tax rules have on charitable giving How to find more joy and satisfaction in all your hard work with special guest CJ McClanahan Hear Naomi Morshead’s powerful story about how she overcame a congenital heart defect and climbed 61 mountains in three years. She shares a powerful message that everyone can reach their dreams and also pay it forward to help others. Invitation to upcoming Tax Webinar taking place on September 19th @ 11 am (you can learn more and sign up here: https://www.hilaryhendershott.com/taxwebinar) For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/get-started-giving-to-charities/ 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 117 | Profit Boss®Radio  Welcome to a brand new season of Profit Boss® Radio! I have missed you and look forward to a rejoining your podcast player with new episodes every Tuesday. What You'll Learn from This Episode Welcome to Season 3 of Profit Boss® and sneak preview of future show topics Review of Ignite Investing, the special program I offer women who are trying to grow their wealth and have between $25k and $499k to invest A brief stock market update Invitation to upcoming Tax Webinar taking place on September 19th @ 11 am (you can learn more and sign up here: https://www.hilaryhendershott.com/taxwebinar) Announcement about 7 STEPS TO WEALTH: a FREE audio guide to help you build wealth – Get Your Copy Today! Season 3 of Profit Boss® Radio is sure to be an exciting one. We’re leveling-up this season, which means my guests and I will be covering more sophisticated financial topics that you need to know about to navigate your financial world. For more details, please visit the complete show notes on our website: https://www.hilaryhendershott.com/what-to-look-forward-to-in-this-season-of-profit-boss/ 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.

Today’s show is all about a topic that is important to everyone: EARNING. If you are familiar with Episode 77, then you know Earning is one of the 7 Steps to Wealth covered there. We start off by discussing the wage gap for women and then get into a great conversation about finding success in the world of online business. Mariko Briley grew up living in the great outdoors of Alaska and became a pilot who flew tourists around Mt. McKinley. She and her husband now run a multi-million dollar business teaching entrepreneurs how to find success. Mariko and Dustin are passionate about inspiring emerging entrepreneurs to reach their goals. After making expensive mistakes in the birth and growth of their own business, Mariko is now choosing to control her quality of life and helping others do the same. She is currently working on a book with her husband about how to attract the right clients.    What you’ll learn in this episode:   From a recent Rice University study: 5 Myths about the Wage Gap: Women are not doing equal work Women leave the workplace to have and raise children Women choose less lucrative professions Women don’t ask for what they want Women don’t have as much education or experience as men   From my conversation with Mariko: How she started out flying planes in Alaska How marriage and a new baby prompted an end to her flying career How their company teaches online marketing through Facebook The benefits of working remotely (NOT strapped to a physical location) vs. a traditional brick-and-mortar business How they began by buying a business on online lead generation Why the business made a great living for them but left them unfulfilled Back to the drawing board: What else can we do with these skills we’ve acquired? The lightbulb moment: the idea to merge their skills with teaching others how to generate online leads, grow, and see success Starting out with a team of 20 employees The big mistake: making big money, but not seeing profit because of the huge overhead Making the changes needed to reduce the team and make their business highly profitable Using automation and software to do as much as possible The lessons learned from the mistake in generating a lot of money but not focusing on the profit side The business debt they incurred and how their focus has changed into a “lean and mean” philosophy The freeing knowledge that they have the resources to get where they want in business and live the life they want for their family How they bought their dream house this year and are merging the business there with a separate building on the property Converging money operating systems and “meeting in the middle:” How she grew up in a frugal household with no credit purchases and how her husband grew up in an entrepreneurial family, where debt was incurred to risk a higher payout later Resources: www.yoobly.comHendershott 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.