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

EP 128 | Profit Boss® Radio Welcome to episode 128 of Profit Boss® Radio! Today’s episode is an important conversation we need to have about money, and more specifically about investing. As a Profit Boss®, you recognize that building financial success takes a series of smart steps over the course of days, weeks, months, and years. It’s one thing to have a want to build wealth - to understand you need to invest your money to grow it. But, understanding, conceptually, how risk is a necessary tool to help you do that is another. That is why today’s episode is dedicated to helping you understand investment risk and how to get comfortable with it as a wealth-building tool. What You’ll Learn from This Episode What the complete definition of “risk” is and why our commonly-held beliefs about it are wrong Why now is such an appropriate time to discuss risk and understand it fully A brief history lesson about the markets, past market performance, and how often we experience bull and bear markets, and market corrections 3 facts about the markets that every investor should know about Cheers to your financial aptitude ladies. Let’s jump in! For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/understanding-investment-risk/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 127 | 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! What You’ll Learn from This Episode How to deal with massive debt and the money mindset that likely got you in financial trouble in the first place. How to assess the true ROI of education and how much student debt is acceptable A few ways you can pay for college For more details, please visit the show notes on our website here: https://www.hilaryhendershott.com/buy-vs-rent/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 126 | Profit Boss® Radio    2018 is almost over and it’s the first year of the new Tax Cuts and Jobs Act that dramatically overhauled our tax code as we know it. So, what do you need to know? And what things should you make sure you address before year-end? I’m going to cover all of it in today’s show. In today’s episode, I discuss how the largest and most anticipated tax reform act passed by Congress since 1986 will affect you. There lots packed into the Tax Cuts and Jobs Act, so I try to give a high-level overview of the details that matter most to you. Today’s conversation should help you prepare for a successful 2019 and beyond. With the new Tax Cuts and Jobs Act taking effect this year, most of you are probably wondering how these new rules are going to impact you personally. Fortunately, you’re already getting ahead of the changes by listening to today’s episode! Now is a perfect time to find out how the new laws will impact your tax situation so that you can take steps before the end of the year to lawfully minimize your taxes and maximize your nest egg. I also prepared a few resources for you relating to this episode. I provide access an expanded transcript of today’s episode so you can reference anything I talked about in more detail and a quick reference guide for the new tax changes if you just need a fast summary of the major changes.   For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/tax-changes-2018  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 125 | Profit Boss® Radio What if I told you that it IS possible to get your child a college degree without draining your own financial resources? What if I told you that your future college student doesn’t have to graduate without tremendous amounts of student loan debt?   Tune in to today’s show to find out how to effectively save for future college costs without compromising your financial future or your child’s. What You’ll Learn from This Episode How to calculate how much student loan debt is appropriate What a 529 Plan is and why it is the best tool for saving money for future education costs How to research 529 Plans Which 529 Plan I opened for my daughter and recommend for many of my clients For more details, please visit the show notes on our website: https://www.hilaryhendershott.com/pay-for-college/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 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.