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

You can live like a millionaire…even if you are short on cash! When I first saw the title of Marilyn Anderson’s book, How to Live Like A Millionaire When You’re a Million Short, I just knew I had to have her on the show. Her advice could quite possibly save you thousands of dollars.    Marilyn Anderson is an award-winning television and film writer, author and playwright. She wrote for numerous television shows including Murphy Brown, FAME, Sherman Oaks, and Facts of Life. She won a LUMINAS Award for the Positive Depiction of Women in Film and Television, and was honored by the Writers Guild of America as a writer of one of the 101 Best TV Shows of the past seven decades.    As a writer in LA, Marilyn experienced long stretches of time with little to no income. Despite that, Marilyn was still able to experience live theater, travel the globe, and wear designer labels. Her friends always asked, “How does Marilyn live?” Today, you are going to find out all her top tricks and tools! With a little research and creativity, Marilyn has managed to come up with methods that work. It’s time to take some notes. You’ll want to try out these suggestions as soon as possible!    What You Will Learn In This Episode Marilyn decided to divulge her secrets of how to live, even with long stretches of making no money.  How Marilyn sees so many live theater shows.  Learn some of Marilyn’s best travel tips.  Volunteer your time and talents, and see the world.  Women spend so much money on clothing and beauty, so how can we save on those?  Work the consignment websites.  Marilyn’s funniest “Ask.”  Try out a silent auction, and it’s often a great networking opportunity.  Get prescription drugs for less.  Do your research and shop around for procedures and services.  Fun, inexpensive, dating advice!      Resources How to Live Like A Millionaire When You’re a Million Short https://www.amazon.com/Live-MILLIONAIRE-Youre-Million-Short-ebook/dp/B06XWZFNRY   https://www.renttherunway.com/   https://www.therealreal.com/   http://threadup.com/   https://www.goodrx.com/   http://missingmoney.com/   https://www.unclaimed.org/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.

Welcome to a special Mother’s Day Episode of ProfitBoss Radio! I reached out to some friends who happen to be women, who happen to be business owners, who happen also to be mothers to ask them a few questions about motherhood. I admire each of these ladies more than words can express, and I felt very honored to have the chance to talk about motherhood and money matters. I was absolutely blown away by their responses, and I’ll admit I was a bit choked up throughout these interviews.    Today’s contributors are Emylee Williams, Courtney Townley, Amber Vilhauer, Jessica Rhodes, and Amber De La Garza. In this episode, you can expect honest answers and amazing advice from working moms who care about their families’ futures. All of these women are alike in that they prioritize time with their kids, and want to include them in experiences that will build a healthy money mindset.    Here’s to all the Mothers out there who love selflessly and teach fearlessly!    What You Will Learn In This Episode What motherhood means to me, my business, and my worldview.  How we as mothers have the ability to shape our children’s lives and empower them to take ownership of their actions.  Schedule time with your kids!  I haven’t quite figured out how to teach my daughter about money!  Emylee shares how being a small business owner and entrepreneur impacts the legacy she wants to leave for her daughter.  Why Emylee didn’t fit inside the typical Working Mom box.  Strong women create strong women.  Courtney shares how taking care of women through her business and taking care of her son go hand in hand.  Why Courtney dances with her son every day.  Amber is learning so much about the world and about her business because of the sacrifices she made for her son.  Amber wants her son to know she is present.  Jessica attributes work-life balance to being more present with her children.  All the moms agree that keeping their children in the loop with finances is extra important!  Amber invited her son to answer my questions too!  Involve your kids in your business.    Resources from the Show    Think Creative Collective http://thinkcreativecollective.com/     Grace and Grit Podcast  http://graceandgrit.com/podcast-2/   NGNG Enterprises https://ngngenterprises.com/   Interview ConneHendershott 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.

We’ve had plenty of questions rolling in from the ProfitBoss community, so now is a perfect opportunity to host another installment of #AskHillary! I’ll give my best thoughts on handling our parents’ money mindset, understanding the DOW Jones index, and several specific tax and retirement savings options. I will also tackle how to make the most of student loans, and how to save for life’s big adventures.     Since we have adventure on our minds, I think now is a perfect opportunity to talk about Travel Rewards. With U.S. airlines expected to carry more than 600 million passengers on domestic flights this year and credit card debt levels exploding, we can expect airfare savings to be increasingly important in the months ahead.   Jill Gonzales is going to fill us in on how to make smart decisions about choosing a frequent flyer program. You will learn the difference between a frequent flyer program and a rewards credit card, and then understand just how the WalletHub study was done. There is a lot of useful information in this episode, so be prepared to take notes!   What You Will Learn in This Episode: To help travelers make the best decisions for their wallets, the personal-finance website WalletHub today released its report on 2018’s Best Frequent Flyer Programs, which ranks the 10 largest domestic airlines based on 23 key metrics, ranging from the value of a point/mile to blackout dates for rewards flights. WalletHub’s report also features a custom calculator that allows users to personalize the results based on their own budgets. You can find a few highlights from those results below.   Delta SkyMiles is the best frequent flyer program for the third straight year.    The average airline rewards program gives frequent flyers 12% off their airline spending. And they’re all free to join.     Hawaiian Airlines offers the most rewards value to frequent flyers ($19.95 per $100 spent), with Alaska Airlines coming in a close second ($19.87 per $100 spent).    Four of the 10 largest airlines are offering more rewards in 2018 than in 2017, sweetening the pot by an average of 20%.    Delta Air Lines and JetBlue Airways are the only two major airlines whose miles do not expire because of inactivity.    The Frontier Airlines Credit Card and the Lufthansa Credit Card are 2018’s best airline credit cards, according to WalletHub’s editors.    For the full report, including the custom calculator, please visit:  https://wallethub.com/edu/best-frequent-flyer-program/25943/   Resources The Seven Stages of Money Maturity   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.

Whatever your stance on Bitcoin might be, it is difficult to deny that it is changing the way we think about finances. Bitcoin is opening up a new standard of value for currency: protection. Today, I have my guest, Trace Mayer, on the show to give us some more detailed information about Bitcoin and why it is so important to have a working knowledge of cryptocurrency.    Trace isn’t on a mission to sell you something; he is on a mission to inform the world about the exciting new frontier that is digital currency. His podcast, Bitcoin Knowledge is all about how digital currencies can bring you monetary sovereignty and security. I was surprised to find in this interview that we weren’t actually talking about Bitcoin the whole time. Instead, we had a conversation about property rights, autonomy, and activism.    Trace is equipping ordinary people to take even more control over their finances by investing in something protected and supported. Generally, people have gaps in their knowledge around Bitcoin, and that can make investing a bit risky. Trace is going to spell out the risks and benefits of Bitcoin in a way that is easy enough for even a novice to understand. We certainly have much to learn from Trace, and I am excited to continue the Bitcoin conversation in the future!     What You Will Learn in This Episode •    Understand what it means to be a “digital native.”  •    Let’s focus on the technical aspects of Bitcoin.  •    The value of monetary sovereignty.  •    We can understand Bitcoin better when we understand strong property rights.  •    Why the inflation of currency is such an important topic.  •    Trace shares some of the biggest moments in financial activism.  •    We are building layers to the internet to support Bitcoin.  •    Trace believes Bitcoin is here to stay.  •    What you need to know about other cryptocurrencies.   Resources https://www.tracemayer.net/   Bitcoin Knowledge http://www.bitcoin.kn/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 is all about connecting you to women who are empowering other women to have confidence in their finances. I cannot think of anyone who embodies that spirit like Jen Hemphill. Jen is a bilingual Latina military wife and mama who knows there’s a lot more to financial freedom than spending less and saving more. After experiencing years of the numbers sliding sideways, even though she and her husband were doing “all the right things,” Jen went on a journey to uncover some untraditional ways to empower herself financially. The result is the amazing Her Money Matters Podcast and now a brand new book!    Her Money Matters: The Missing Truths from Traditional Money Advice is a go-to guide for women with burning questions about money. It is a book about money specifically designed with women in mind, and Jen has so much wisdom to share with us about money mindset. I am not just excited to have Jen on the show to talk about the content of her book, but also the book-writing process. Publishing is such a mystery to many of us, so Jen is going to explain just what it takes to self-publish.    If you are interested in money mindset and the uncharted territory many of our money mentors have not dared to go, Jen is your lady! She is proof that when women take charge of their finances, good things happen.    What you will learn in this episode:  •    Jen shares with us her unique message about money.  •    Jen’s role as a military spouse led her to want to create the podcast platform and a career that offered flexibility.  •    The services that Jen offers for finance coaching.  •    Everybody writes a book, but Jen decided to take advantage of the opportunity.  •    Why Jen parted ways with her traditional publisher, and how the hybrid approach was right for her.  •    A day in the life of book launching author!  •    What makes up a launch team.  •    What is missing from traditional money advice?  •    Since Jen had her “Aha Moment,” Jen has learned so many lessons about money.  •    We often forget to acknowledge what we are doing well.  •    There are different stages of budgeting.  •    Your money mindset takes up 60%.  •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.

With hard work, a healthy money mindset, and the sheer force of determination, you can overcome insurmountable odds and find success. This is exactly the attitude of my guest, Nely Galan. Nely is a Latina media dynamo! As an immigrant with limited work experience, Nely worked hard to put herself through school and then rise through the ranks to become the media mogul she is today! Nely was the first female president of Telemundo, and she has produced over 600 episodes of television in both English and Spanish. She is an Emmy award-winning producer, working on shows like Fox’s The Swan. All of these accomplishments are indeed impressive, but most of that work went on behind the scenes. I am excited for you to hear why Nely is stepping onstage to become an advocate for women’s empowerment.    Nely’s new book, Self Made, chronicles her journey in the media business as she started from nothing. Now, Nely wants to show women across the globe that we are capable of more than our society tells us we are. When women earn more and advance in their careers, our culture flourishes. Nely is spearheading efforts to educate, empower, and mobilize women from all nationalities and backgrounds to begin making waves in their industry. Today, Nely will share some of her best tips and techniques for starting over and becoming self-made. Make sure you listen to find out how to get resources for women-owned businesses right in your mailbox!    With so much experience and wisdom to share, Nely embodies what it means to be a ProfitBoss. You do not want to miss out on the practical tools and mindset shifts Nely is bringing to the table today.     What you will learn in this episode:  What inspired Nely to move away from behind the scenes work to being an author and public speaker.  Nely started with nothing at all, and she worked hard to make her life happen.  Nely’s biggest advice is to live well within your means.  Going back to school inspired Nely to take part of the intercultural revolution of women in business.  Women need to learn how to take care of themselves.  Learn from the mistakes Nely made along the way.  Business failure is not a failed career.  Join professional organizations.  Being self-made is a day-by-day process.  How to be a woman in relationships and still have money.  Discover the benefits of being self made.  We are a culture that worries about money; declare your goals boldly.  How to combat fear.  Why Nely loves buildings more than shoes.  Who needs to use Becoming Self Made resources.     Resources from the ShowHendershott 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.

Many Americans are walking around with a million dollar asset they didn’t even know they had—Social Security. Love it or leave it, the U.S. has put Social Security in place to protect your future, and you need to be informed to make the most of it. My special guest today is Elaine Floyd. Elaine has made it her mission to make sure everyone knows how to utilize Social Security now to better ensure their future. She has spent much of her time assisting Baby Boomers when it comes to claiming benefits, but her years of experience have given her a perspective that is beneficial during every walk of life.    First up, in our newest edition of “Ask Hillary,” I tackle some of your questions from the private Facebook group. We will discuss everything from planning finances with an irregular income to tracking expenses through automation. Because of your excellent questions, we get to cover a lot of ground with practical tools you can use in almost any situation.    Next on the docket, Elaine starts off by dispelling some of the most common myths around Social Security. We will discuss what it might mean for Social Security to be “bankrupt,” and what some of the younger generations might expect in the future. Even though nothing is set in stone, Elaine believes that we need to be investing in and making the most of Social Security. On your path to financial freedom, you are going to want to utilize every asset you can. I am excited that Elaine is able to share her knowledge with the ProfitBoss Community today!   Elaine’s Top Tips for Social Security  Delay retirement if you can  Maximize Earnings Understand the Survival Benefits    What You Will Learn from This Episode:  In our “Ask Hillary” segment, I talk about whether to incorporate and trusting your tax advisor.  My best financial planning tips for irregular income.  My favorite tool for tracking expenses.  Find an accountability partner!  Tips for listeners who have budding businesses.  A reminder of what Ignite membership is all about!  I chat with Elaine Floyd about the Social Security Program.  What it means when we say Social Security is “bankrupt.”  Discover how benefits are actually calculated.  Know what to expect from the Social Security program.  Elaine’s best tips for claiming Social Security  Social Security has tightened the rules on claiming spouse’s benefits.  Learn all about Survivor Benefits.  Common pitfalls to avoid with Social Security income.  What it’s like to actually work 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.

When it comes to taking control of your finances, many of us are seeking out new opportunities to make money. Flexible careers offer creative ways to make money on your terms. Thanks to technology, more and more companies are open to remote workers, telecommuting, or a hybrid between remote and in-office time. Now more than ever before, you can choose a career opportunity to fit your lifestyle so that you can finally have career happiness.    Here to help us better understand all of the flexible working opportunities available is Brie Reynolds. Brie represents FlexJobs.com, a website and job resource that curates all of the available flexible working opportunities from across the globe. You will be surprised to find that remote work opportunities are not just for transcription or customer service! You’ll find listings like “Remote Neurosurgeon” and “Hybrid Business Administration” among their wealth of listings.  Today, Brie will explain Flex Job’s process, and why their site is unique. Flex Jobs truly has the job seeker in mind, so if you are looking for a bit more freedom in your schedule, this is the cite for you!      Flexible working is so much more than working from home. It also means that, if the employer is open, that you can work literally anywhere in the world. Financial freedom might look a lot like choosing your own schedule and work environment, and I think that is pretty great. Brie is on a mission to help you discover career happiness, and that is precisely what ProfitBoss Radio is all about!    What you will learn in this episode: The most misunderstood aspects of flexible working.  There are surprising opportunities out there for you.  Usually, flexible working is a hybrid situation.  How to begin finding flexible jobs in your field.  The difference between telecommuting, working remotely, and a hybrid situation.  Discover the careers that seem to be growing the most when it comes to flexibility.  You open up your business for a wider variety of candidates when you hire remotely.  The downsides of working remotely.  Are flex working opportunities going away?  People are measurably happier when they get control over their time.  How to stand out in an online application.  Learn how to spot the scam jobs.  Compensation is usually the same for these flexible job opportunities.  Why Flex Jobs is different than other job sites.  Flex Jobs is all about the job seeker.    Resources from the Show  Flex Jobs  https://www.flexjobs.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.

Everyone loves an unlikely success story. We are often told that anything is possible and these success stories give us all home to chase our dreams. Still, we need to make money and pay the bills. Dreams just don’t feel very lucrative. Is it possible to turn your dreams into reality?    Today’s guest embodies what it means to be an unlikely success. Cathy Heller didn’t come from much, had a little education, and no idea about how to make it in a career. It wasn’t likely that she would make it big in her career as a songwriter, but Cathy persevered. Using her creativity, Cathy figured out a way to market her skills by selling songs to Fortune 500 companies. Now, she has an incredibly profitable podcast, Don’t Keep Your Day Job, where I have been a guest.    Today, I am turning the microphone on Cathy so that she can tell us how she found her unlikely success. Her biggest lesson for everyone is that, with a little ingenuity, we can turn almost any passion into a money-making enterprise. Cathy is going to share the scrappy actions and mindset shifts it took to make it in a competitive field. Never one to be content where she is, Cathy then turned her success into more opportunities to use her gifts. Now, Cathy represents other artists who want to license their music, teaches courses about licensing, and hosts a profitable podcast.    That may sound like a lot, but Cathy’s unlikely success is about small steps in the right direction. It’s about never settling for less than she is worth, and you and I can take that advice right to the bank.    What You Will Learn in This Episode:  Cathy shares how her finances developed over the course of her life.  Why Cathy turned to music as her saving grace.  Decide to see new opportunities, just like Cathy did when she needed a new way to make money songwriting.  Cathy learned how to use her talents in an authentic way that also helped film and ads.  Cathy did her research!  The scrappy move that set Cathy apart from the rest.  How Cathy knew she wasn’t done with just licensing music. Cathy started representing other artists using the connections she made during her time as a songwriter.  Businesses can grow other businesses.  Discover the amazing story behind the podcast, including the ad revenue.  Cathy relies heavily on her teams in each of her endeavors.  Learn all about managing employees and setting boundaries.  We get what we allow to happen. Stand up for your standards! Advice to fight back against self-doubt.  You have the ability to get paid to do what you love.  Pave the way to success through kindness, authentic relationships, and self-worth.  Cathy discusses her money resistance, and how she overcame self-sabotage.      Links in This Episode:  Don’t Keep Your Day Job Podcast https://www.dontkeepyourdayjob.com/#home-2   http://www.cathyheller.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.

Welcome to the 100th episode! It feels surreal that my initial dream to start a podcast has transformed into a movement of women taking ownership of their finances. While more and more women are feeling empowered by their wealth, a whopping 71% of women still have all of their money in cash. Investing feels like some kind of impenetrable black box, and for many of our listeners in the middle of their financial growth journey, it can be cost prohibitive to take advantage of a financial planner. I’ve been listening to you, the ProfitBoss community, and I have developed a service that will start your investment journey with the same level of service and confidence I give my own clients. Here it is: Ignite Investing!     Ignite Investing would not exist without the dedication and hard work of Jen Rupp. Jen has a degree in Economics and Finance, over a decade of experience in financial planning, and the same vision to help women start their investments with a strong foundation. Over the past 9 months, Jen and I have developed the Ignite Investment platform, a space for women to get the exact same premium service that we provide at Hilary Hendershott Wealth Management without the $500,000 savings minimum. You will have access to a custom portfolio, real-time investment advice, and the backing of several investment agencies that have withstood the test of time. If this sounds like the next step in your journey to financial freedom, you do not want to miss this episode. Jen and I are going to explain how Ignite Investing is not only possible but an incredible value as well.    The vision of the ProfitBoss Radio community is to empower women with tools to start making decisions about their finances. Ignite Investing is the natural next step for many of our listeners. Apply today, and start making your money work for you.    What You Will Learn in This Episode:  Top 10 List of Milestones for ProfitBoss Radio.  Hear about why Jen is breaking through glass ceilings!  Why women aren’t investing and keeping their portfolios in cash.  In the long term, your investment numbers get really pretty!  Understand why you should be working with a fiduciary.  ProfitBoss is especially powerful for women who have savings but haven’t yet made it to the half-million mark to get that solid investing advice. Technology and investing don’t always mix. Hear our perspectives on digital investment platforms  Ignite Investing is a true hybrid of in-person service and technology on the back end.  Let’s talk about value.  Learn how to make decisions with your money and a financial planner.  What to expect in your first year as an Ignite participant!  We want to make this process completely smooth and simple.  Discover the Investment Solution and mutual funds. What the “Fund of Funds” can do for you.  How to combat anchoring bias.    Links Mentioned in the Show  http://igniteinvesting.com/ Loring Ward https://loringward.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.