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

Have you ever had a conversation with your money?Bear with me here, because I truly want you to answer that–and so does this week’s guest on the Love, your Money podcast, Ellen Rogin.Ellen is a financial intuitive who helps people strengthen their relationship with money, starting with one simple (but not always easy) task: Speaking to it… with respect.If you’ve ever had or voiced the thought, “I’m just not good with money,” or “I don’t have a head for money,” then you’re in the right place. In this episode, Ellen explains the ways we subconsciously shut down our relationship with money, shares how you can speak to money in a way that invites more in, and walks us through her signature framework, Prosperity on Purpose, so we can learn how to become more aware, clear, caring, and generous with our money.Money Lover, if there’s ever a time I’ve wanted to turn the mic on you to ask my signature question of, “If your money were writing you a love letter, what would it say?”, it’s now. Because after you listen to this episode, I bet the answers will be juicier than ever.So grab your headphones, hit play, and get ready to reframe how you talk about–and with–your money. Here’s what you’ll learn in this week’s episode of Love, your Money:How Ellen went from financial auditor to financial advisor, and her “Genesis story” as a financial intuitive What happens in a Messages from Money session What it’s like to talk to money, and the reciprocal relationship that’s required to realize your wealth goals Examples of the ways Ellen recommends people talk about money that invite more money to come in  How Ellen talks with someone who really wants to improve her relationship with money, investing, and wealth building, but is weighed down by fear and anxietyEllen’s Prosperity on Purpose framework: Aware, clear, care, share The love note Ellen’s money wrote to her, and the one she intuited for the Love, your Money audience( 💌 You won’t want to miss that one. I even had the editors repeat it. 💌)Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/ellen-roginFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.

Welcome to the second in my two-part series on what are possibly the most misunderstood insurance products out there: annuities and whole life insurance. Our goal at Hendershott Wealth Management is to help you build wealth–and a legacy that lasts. Part of that process is protecting your wealth, and that’s why getting the right insurance matters so much!I’ve avoided covering these topics until now because it’s really difficult to find someone who can be considered an expert who isn’t also trying to sell you a policy. But then, I realized I can find product experts who are no longer selling the product–like today’s guest, Ashley Foster.Ashley used to make a living by selling whole life insurance policies, but over time he realized that he didn’t want to sell insurance–he wanted to do comprehensive fiduciary financial planning like we do at HWM. He gave up earning huge commissions that funded luxury trips with parties DJ’d by someone from the Beastie Boys (true story) to pursue a more meaningful career; one that allows him to focus on what will be the most helpful to his clients, instead of trying to sell them expensive insurance they likely don’t need.These days, Ashley runs his own firm, Nxt:Gen Financial Planning, and loves to go on vacations–that weren’t funded by commissions–with his wife and their adorable cat, François. (Make sure you check out our YouTube channel to see Frankie’s adorable unflappability!)Ashley joined me on this episode of the podcast to demystify the world of whole life insurance policies. From the actual cost for consumers to the loss of potential returns vs. investing in the stock market over the same time period, he breaks down the good, the bad, and the ethical gray areas of whole life insurance. 👇Here’s what you’ll learn in this week’s episode of Love, your Money:What led Ashley to become an expert on whole life insurance How becoming a CERTIFIED FINANCIAL PLANNER™ professional changed the direction of Ashley’s career What a whole life insurance contract is, and how it limits your long term financial growthThe true cost of a whole life policy–from opportunity risk vs investing, to the cost of premiums relative to potential benefit payoutsHow transparency, compliance, disclosure, and conflicts of interest influence insurance salesThe circumstances in which purchasing a whole life insurance policy make sense, like guaranteeing an inheritance for heirs or covering estate taxesWhether Ashley still recommends whole life insurance to clients now that his income isn’t reliant on those sales…and more. (Spoiler alert: He doesn’t recommend these policies, and neither do I!)Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/ashley-fosterFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your 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.

I’ll be honest: I’ve avoided the complex (and often misunderstood) topics of annuities and whole life insurance here on the podcast for a long time—simply because it’s pretty difficult to find an expert to speak about them who isn’t also trying to sell you a policy.That changes today, because on episode 241 of Love, your Money, I'm introducing you to Kelsey Burke, founder of Apricity Financial Planning.Kelsey spent nearly a decade working in the insurance industry, learning everything there is to know about a variety of annuity products and contracts in order to sell them to clients of her firm.Meanwhile, her internal alarms were going off as she realized that the context of selling these products was neither as transparent nor as consultative as she wanted to be.Now that she’s made a successful career transition from insurance sales to working as a holistic financial advisor, Kelsey has enough distance from the industry to see it for what it is–and she lends us her expert perspective to get an inside look at annuities in this episode.We were able to get truly honest about what to look for with annuity contracts, the pros, cons, and opportunity costs of annuities, and who they’re actually right for.(Spoiler: it’s not everyone. Far from it, in fact.)Here’s what you’ll learn in this week’s episode of Love, your Money:What makes Kelsey an expert on annuities, and what caused her to switch from insurance to holistic financial planningWhat an annuity is, and how it differs from an individual retirement account (IRA)The complexities of annuities, and what might surprise you if you own oneWhat’s often overlooked when buying an annuity, and how it actually might fit into your long-term financial plan How commissions on selling annuities worksThe opportunity risk of putting your money in an annuity What happens to the money in an annuity in the event of premature deathShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/kelsey-burkeFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.

Money and anxiety don’t go well together, but news headlines like to pair them up because, let’s be honest, hitting your emotional triggers is good for their bottom line. Well, here’s some good news: You don’t have to fall for clickbait, and learning how to stay the course instead of reacting to their hot takes is good for *your* bottom line. In this episode, I’m going to provide a light in the darkness with clear, level-headed, stay-sane advice to help you navigate the unknowns of external events–political, environmental, or otherwise–so you can ditch the anxiety and watch your wealth grow with ease.And when could we possibly need that assurance more than with the current conversations about national politics? It’s a hot and timely topic right now, as Americans stare down a repeated match up at the polls in November. Now, I’m not here to take a political position. I *am* here to talk about the potential impact of election cycles and other major world news on your investment portfolios. Before you listen to this 15-minute episode, know this: It’s not as dire as you might think.Listen in to demystify the effect of elections on the markets, and get insights into strategies to safeguard your investment portfolio in potentially uncertain times. Here’s what you’ll learn in this week’s episode of Love, your Money:How geopolitical risks—like wars, elections, and economic sanctions—have historically already been priced into markets, and what that means for your investments today,Why we can count on predictable resilience of markets through global events,How return follows risk, and when (and how) you might consider reducing your risk exposure,A smart way to evaluate whether a certain stock is a good bet for your portfolio, andWhat the research (and our experience) indicates is key to a stable growth trajectory in your investments over the long term. We hope you walk away with the confidence that comes from knowing your money, future, and legacy are safe and secure–despite what the headlines might say.Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/presidential-elections-your-moneyFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.

Welcome to episode 239 of Love, your Money! In this episode, I’m joined by my good friend Sarah K. Peck, the founder and CEO of Startup Parent, a company focused on telling the stories of women's leadership across family and work. Her work has been featured in publications like Forbes, The New York Times, Harvard Business Review, and more.In today’s digital world and scrolling through our social media feeds, thoughts of “Keeping up with the Joneses” can be overwhelming. But have you ever stopped to ask yourself if the financial dream you’re pursuing is even your own?In today’s episode, Sarah breaks down how to set financial goals that are right for you and your life. You’ll also hear about how to stop worrying about money so much, how to create a healthy financial partnership with your spouse, and how getting clear about your intentions can help you clarify your questions about money and unpack your trauma.Here’s what you’ll find out in this week’s episode of Love, your Money:Why money is worthless without intentionThe link between wealth and unhappinessFinding your way out of 6 figures in debtGetting to $100,000 by age 30 The science behind money manifestation Starting a company with young children at homeWhen to allow yourself to buy luxury itemsForming a money partnership with your spouseShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/sarah-k-peckFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.

Welcome to episode 238 of Love, your Money! In this episode, I’m talking with Terri Cole, a licensed psychotherapist, global relationship and empowerment expert, and the author of Boundary Boss – The Essential Guide to Talk True, Be Seen and (Finally) Live Free. Terri is also the host of the highly popular and fantastic podcast, The Terri Cole Show. Setting boundaries can be a challenge for women. Being assertive is often seen as a negative, disguised under terms like “bossy” or “controlling”. But in reality, setting healthy boundaries is critical — especially when it comes to your money. In today’s episode, Terri shares the keys to setting effective boundaries in a way that improves your financial life and strengthens your relationships. You’ll also learn the steps to take for setting money boundaries, exercises for creating an open money dialogue with your spouse, and why identifying what you resent financially can be critical for financial empowerment. Here’s what you’ll find out in this week’s episode of Love, your Money:What are money boundaries? How your money boundaries are formedHow to do a “resentment inventory” The first steps to making money changes Setting firm boundaries as a people-pleaser Navigating financial crises with your spousePaying attention to your money Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/terri-coleFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.

Welcome to episode 237 of Love, your Money! In this episode, I’m sitting down with John Lanza, the creator of The Money Mammals, a comprehensive program that helps parents raise money-smart kids. He’s also the author of “The Art of Allowance,” which helps parents raise financially empowered children of any age.Raising financially savvy children can be challenging no matter where you are in your wealth journey as a parent. If you’ve struggled financially, you don’t want to pass any bad habits to your kids. And yet, if you’re financially successful, you’re likely trying to avoid raising spoiled kids. In today’s episode, you’ll hear about the dangers of making money a taboo topic in the house, strategies for using allowance as an educational tool, and the 3 core money skills to expose your kids to. Here’s what you’ll find out in this week’s episode of Love, your Money:The best ways to teach our children about money. Finding a balance between advising kids on purchases vs giving them autonomy. Dealing with the allowance question. Linked to chores or not?How to incorporate life lessons into teaching kids about money. How to teach awareness of investing and saving for college. Tips to help avoid raising spoiled kids.Using visualization as a tool to help kids reach their financial goals. The key to it all: Have an open dialogue with kids about money.Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/john-lanzaFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.

Welcome to episode 236 of Love, your Money! In this episode, I’m going to get a little vulnerable with all of you, look back on my financial mistakes and talk about 5 things I’d do differently knowing what I know now.At one point in your life, you’ve likely found yourself saying, “If I only knew then what I know now.” Or maybe you’ve already thought about what you would tell your younger self if you had the chance. Nobody’s perfect, and making mistakes is a part of life. The key is to learn from them to avoid repeating them. So today, I’m going to run through some pivotal and unforgettable money decisions that I’d definitely do differently now if I could. I’ll also explain some of the warning signs that I foolishly chose to ignore so that you can make better financial decisions to build wealth and a better life instead of digging a giant hole to crawl out of. If I can do it, so can you!Here’s what you’ll find out in this week’s episode of Love, your Money:Being rich or successful isn’t just being luckyThe exponential value of building your savings muscles earlyHow to create money boundaries for yourselfAvoid get rich quick schemes aka “snake oil”Choose a career that suits your strengthsShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/do-differently-with-moneyFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.

Welcome to episode 235 of Love, your Money! In this episode, I’m joined by Martha Lewis, a sleep consultant to health-conscious, high achievers that struggle with getting a good night’s sleep. As a certified sleep expert and Functional Diagnostic Nutrition practitioner, she addresses both body and mind with stress resilience techniques and testing for hidden health issues to get to the root cause of her clients’ insomnia. Martha has been featured in numerous publications, such as Thrive Global and the Jackson Hole News & Guide, and various podcasts around the world and is also a passionate speaker on the topic of sleep.Today, you’ll hear about the most common misconceptions about insomnia, 4 specific tests for diagnosing your sleep issues, and why sleeping pills and supplements might be doing more damage than you realize.Here’s what you’ll find out in this week’s episode of Love, your Money:What is a sleep consultant? Functional vs. conventional medicine4 lab tests for assessing your bodyHow does your diet affect your sleep?The reality of sleep supplements and pillsThe link between genetics and sleepShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/martha-lewisFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.

Welcome to episode 234 of Love, your Money! In this episode, we’re simplifying a few important topics that can feel overly complex to many people — tax-loss harvesting and backdoor Roths. If you’ve heard about these strategies before, but aren’t sure exactly what they mean, today’s episode will tell you everything you need to know. If you’ve never heard of these strategies, no problem! You’ll learn a few strategies that can improve your financial situation today. Before you know it, you’ll be teaching your friends how they can improve their financial situation! Here’s what you’ll find out in this week’s episode of Love, your Money:How a backdoor Roth IRA worksWho is a backdoor Roth IRA for? Why to do a backdoor Roth conversionWhat is tax-loss harvesting? The step-by-step tax-loss harvesting process What to watch out for when tax-loss harvestingShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/tax-loss-harvestingFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApple PodcastsOvercastSpotifyGoogle 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.