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

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.

Welcome to episode 233 of Love, your Money! Today, I’m joined by Breanna Blaney. Breanna is the Life, Invested Director & VP leading Dimensional’s efforts to explore the relationship between life and investing. The firm’s Life, Invested program helps simplify the world of investing, integrating it into the bigger picture of people’s lives so that they can not only invest better but live better. Breanna also has over 1,000 hours training in yoga and Ayurveda and is passionate about the intersection of mindfulness and finance. She serves on Dimensional's Women & Wealth steering committee and has prior experience in real estate private equity and corporate finance. She graduated with a BA in business and economics from the University of North Carolina at Chapel Hill.In this episode, you’ll learn how to develop and cultivate a healthy money mindset. If you’re nervous about investing or struggle with risk tolerance, Breanna has a ton of great insights to help you achieve some peace of mind with investing. Here’s what you’ll find out in this week’s episode of Love, your Money:Awareness around your money mindsetThe evolution of investingHow to accept the risk of investing What data does Dimensional Funds lean on? Aligning your money with your life’s mindsetShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/breanna-blaneyFollow 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 232 of Love, your Money! In this Money Coaching episode, I’m joined by a husband & wife duo who own a direct sales business.As entrepreneurs, they’ve been so focused on growing their business for the last 12 years that their personal finances have become an afterthought. As they look ahead towards retirement, they also know something has to change.In today’s episode, I’ll share actionable advice on how to go from successful business owners to having financial freedom in retirement. We’ll talk about eliminating debt and credit as a means to grow a business and growing your net worth to the nest egg that generates income.*Please note, to protect my clients’ identities and respect their privacy, I’ll be using pseudonyms for all money coaching episodes.Here’s what you’ll find out in this week’s episode of Love, your Money:Replacing your income The 3 things you can do with personal incomeThe Rule of 72 Raising the revenue of a direct sales businessBreaking down business debtBuilding your net worth as a business ownerShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/net-worth-financial-freedomFollow 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 231 of Love, your Money! In this episode, I’m sitting down with Nikki Rausch to learn how to sell easily and authentically, while eliminating fear around the sales process.Nikki has more than 25 years of sales experience. As the founder and CEO of Sales Maven, she helps small businesses and entrepreneurs sell without giving off that “used car salesman” vibe.Today, you’ll hear Nikki share tips for kicking the “ick” from the sales process, making yourself comfortable while closing the deal, and using neurolinguistic programming to improve your sales success. Here’s what you’ll find out in this week’s episode of Love, your Money:Why is selling uncomfortable? Nikki’s 5-step Selling Staircase frameworkHow to tell if you’re talking to an ideal clientHow to ask questions that pique curiosityTips for closing the sale How to keep power and avoid chasing clients Using “bless and release” to avoid bad clientsEthically applying neurolinguistic programmingShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/nikki-rauschFollow 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 230 of Love, your Money! In this episode, we're continuing the conversation on the financial implications of divorce. And today, I'm joined by Certified Divorce Financial Analyst®, Karen Sparks.Karen is a speaker, author, and founder of Divorce Financial Strategists. For over 10 years, she has assisted families (as well as legal and financial professionals) in navigating a divorce, dividing and allocating personal assets, and preparing couples for success in the next chapter of their lives.Having experienced a divorce herself, Karen found her calling and wanted to combine her expertise in the finance world as a CFO to fill a much-needed gap: helping others get through an incredibly emotional period of their lives and retain what is rightfully theirs.In our conversation, you'll learn why it's critical to locate and gather necessary documentation immediately, where important assets are held, and how many years' worth of documents are needed to settle a divorce when a family business is involved.Here’s what you’ll find out in this week’s episode of Love, your Money: How an expert analyzes the personal situationActions that derail an amicable divorce from happeningAdvice on where to start when an divorce is inevitableHow long a divorce is kept a secret from the spouseThe importance of documenting everythingDivorce scenarios where a CDFA will add valueShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/karen-sparksFollow 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 229 of Love, your Money! In this episode, I’ll be talking about a topic that impacts many people, the financial implications of divorce. This episode will serve as a primer for next week’s interview with an expert in this field, so be sure to check out part 2 next week.I’ve seen how divorce affects people’s lives firsthand after watching my parents each divorce and get remarried more than once before I was old enough to vote. I’ve also seen the impact of a divorce in my professional career with many clients over the years. When a marriage ends, it can be devastating for many reasons. Emotions are running high, which can create tension and resentment when you’re trying to settle debts and divvy up your assets.So today, I’ll be sharing some do’s and don’ts on how to proceed when faced with a life-changing event during a divorce. You’ll hear actionable advice on the value that a professional like a CDFA (Certified Divorce Financial Analyst) can add to your situation and tips on starting the next phase of your life with a “clean slate.”Here’s what you’ll find out in this week’s episode of Love, your Money:Avoid taking on new debts and being vindictiveIf the debt is in your name, then you’re responsible!The emotional toll of going through a divorceWhen to hire a professional like a CDFAThe value of having a professional help divide assetsHow proper financial planning helps start over with a clean slateShow NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/financial-implications-of-divorce-p1Follow 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 228 of Love, your Money! In this episode, I’m diving into a hot topic in today’s economy: Navigating the real estate and interest rate markets in 2024.I’ll cover some market trends and insights to help you make better-informed decisions with confidence so that you can do what’s best for you, your family, and your financial situation.You’ll also learn why renting isn’t necessarily a bad thing, how the media reports on inflation can be misleading, and the pros and cons of renting vs buying a home. Let’s face it, buying a home is one of the most important financial decisions you’ll ever make, and if you’re thinking about making a change to your housing situation, this episode is for you.Here’s what you’ll find out in this week’s episode of Love, your Money: Why waiting for another recession could be a mistakeBuying a home with a plan to refinance is more than a gambleHow the media reports on inflation can be misleadingThe pros and cons of renting vs home ownershipHow expenses of home ownership impact your ROIThe Money Blueprint® for Business Owners​​The Money Blueprint® is profit coaching that puts you in control of your business finances for good. No more Head-in-the-Sand Syndrome. No more fear, stress, or shame. Simply total confidence. Learn more here!Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/renting-vs-buying-homeFollow 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.