Money & You with Michelle Perkins

Ep 215: Give Now, Decide Later? The Power of Donor Advised Funds  Special Guest: John BromleyFor more information visit https://limitfreelife.com/

Ep 214: Why Financial Literacy Is a Social Justice Issue

Ep 213: How to Have Time Freedom Before Retirement and Financial Independence

Ep 212: Money, Cycles & Success: A New Way for Women to Build Wealth

Ep 211: Legacy Starts Now:  How Today’s Money Choices Shape Tomorrow

Ep 210: From Breakdown to Breakthrough: Compassionate Financial Planning for Real Life

Ep 209: The ROI of Play: How Joy, Creativity, and Connection Lead to Better Money Decisions

Ep 208: The Art of Paying The Least Amount of Taxes “Legally” with the Tax Goddess

Ep 207: Our Money Has Feelings: Healing Financial Scar Tissue & Money Trauma

Ep 206: Career Storytelling and Other Smart Strategies for 2025 and Beyond”

Ep 205: The Power of Your Past: Transforming Everyday Experience Into Career Gold

Ep 204: Escape the Clock: How to Retire Early on Your Terms

On today’s eye opening podcast, Michelle hosts Mike Milligan, the Founder of 1.oak Financial, a virtual financial planning firm that prioritizes each client’s individuality. He built the firm to combat the “Paralysis Penalty,” a pattern of one-size-fits-all financial advice that leaves people unprepared for Wall Street, insurance, and markets. Mike brings 30 years of experience, a specialized industry degree, and insights from big banks and insurance firms to deliver personalized strategies that protect and grow wealth. He's a Certified Financial Planner, current adjunct professor at Old Dominion University, host of the ‘Ideas by Mike” podcast and “The One of a Kind Financial Show,” and author of two books: The “One of a Kind Financial Plan” and “Retirement Déjà Vu.”Mike discussed the importance of fostering a healthy relationship with money, emphasizing that many individuals feel unprepared or intimidated by financial planning. They illustrated how common beliefs about money can hinder financial success. The conversation also touched on the need for open discussions about finances, particularly among women, who often engage less in these conversations compared to men.They agreed that financial advisors should focus on facilitating dialogue rather than merely providing recommendations. This discussion aims to empower individuals to take control of their financial futures, essential for overcoming obstacles and achieving financial independence.00:05 - Building a healthy money mindset 19:13 - Recognizing financial patterns24:60 - Foundations of wealth creation36:34 - The power of money conversations Key Takeaways:Emotional Underpinnings: Recognizing that financial decisions are often driven by underlying beliefs and emotions rather than just numbers.Breaking the Cycle: Strategies to overcome the "Deja Vu" feeling of repeating past financial mistakes.Engagement is Key: The importance of having open discussions about money to foster understanding and growth with advisors.Personalized Financial Planning: The need for tailored financial strategies that align with individual goals and lifestyles.For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast: Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life

In this episode of the "Money & You" podcast, host Michelle Perkins engages with Laura Rehbein, a certified financial planner and author of "Fearless Finance." The discussion centers on the psychological and emotional aspects of money management, particularly in the context of retirement planning. Laura shares insights from her 30 years of experience, emphasizing the importance of addressing financial uncertainty and the behavioral challenges that often paralyze individuals from making informed decisions. The conversation highlights the complexities of financial planning, including estate planning and the need for a holistic understanding of one’s financial situation. This episode aims to empower listeners by providing practical tools and reassurance on how to navigate their financial futures, ultimately fostering a healthier relationship with money. The episode contributes to ongoing dialogues about financial literacy and preparedness in an increasingly complex economic landscape.00:01 - Introduction to fearless finance 06:52 - Understanding money mindset15:03 - Estate planning essentials26:02 - Behavioral finance insights36:20 - Emotional aspects of finance45:35 - Conclusion and resources Key Takeaways:  Emotional Awareness: Recognizing the psychological barriers to financial decision-making is crucial for overcoming uncertainty.Proactive Planning: Preparing for retirement and estate planning can provide peace of mind and financial security.Communication is Key: Regular discussions with financial advisors can help clients feel more empowered, informed and positive about their financial futures.Education and Empowerment: Building confidence in financial literacy is essential for making informed decisions.Laura is dedicated to helping professionals and retirees gain clarity in their financial lives. As author of “Fearless Finance”, a practical guide aimed at empowering individuals to approach retirement with confidence, she is making an impact and sharing her wisdom.For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast: Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life

In this podcast episode of "Money & You," we have an entertaining and important conversation with guest Barry Levine, an experienced and humorous bankruptcy attorney. The conversation focuses on dispelling myths surrounding bankruptcy and addressing the fear that often paralyzes individuals facing financial difficulties.Levine emphasizes that understanding the legal process and available options can empower people to make informed decisions rather than succumbing to panic.Levine shares insights from his 45 years of experience, highlighting the importance of recognizing when to seek help and the potential consequences of delaying action. He explains various bankruptcy options, such as Chapter 7 and Chapter 11, and discusses the implications of each. Barry aims to provide listeners with a clearer understanding of bankruptcy in a refreshingly optimistic way. He describes its processes, and how to navigate financial challenges effectively, for a new beginning and the relief that comes with that.This discussion is important as it seeks to demystify bankruptcy, offering reassurance and practical advice to those who may be struggling with debt, ultimately promoting a healthier relationship with money and financial decision-making.00:01 - Building a positive money mindset 10:08 - Understanding bankruptcy options16:33 - Discharging debt in bankruptcy24:56 - Navigating the bankruptcy process34:18 - Deciding on bankruptcy filing44:22 - Resources for financial knowledge Key Takeaways: Bankruptcy is not the end; it can be a new beginning and a path to financial freedom.Fear and misinformation can trap individuals in a cycle of debt; understanding the options   available is crucial.Seeking professional guidance can help navigate the complexities of bankruptcy and financial recovery.Maintaining open communication with creditors and considering all available options can mitigate the need for bankruptcyBarry Levine is a seasoned bankruptcy expert with over 45 years of experience. He is the author of "Bankruptcy Through the Looking Glass," which provides a realistic perspective on bankruptcy and its implications. Barry's approach focuses on understanding the legal process and empowering clients to make informed decisions.For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the "Money & You With Michelle Perkins" Podcast:Apple Podcasts, spotify, iheart radio and morePlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: https://www.youtube.com/@michelleperkins-limitfreel2446For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…

Celebrating the 200th episode of the "Money & You" podcast, host Michelle Perkins engages in a discussion with special guest expert Hilary Hendershott (Hendershott Wealth Advisors- HendershottWealth.com) about the intersection of money mindset and financial planning. The conversation highlights how personal experiences with money shape one's financial habits and beliefs, emphasizing the importance of a healthy relationship with money. The speakers reflect on their journeys, including Hilary’s background in financial planning and her realization of the need for a mindset shift to achieve financial abundance.Hilary Hendershot is a the founder of a virtual wealth management firm, specializing in helping clients achieve financial freedom through comprehensive planning and tax-efficient strategies. Hilary is also a podcast host and offers valuable resources for individuals looking to improve their financial literacy.The episode underscores the significance of understanding financial concepts, particularly for women, and the necessity of seeking comprehensive financial advice rather than relying solely on simplified investment strategies. The discussion also touches on the complexities of tax strategy and the resilience of the stock market, aiming to empower listeners to engage actively with their financial futures. This episode is important as it marks a milestone for the podcast while providing valuable insights into financial literacy and the emotional aspects of money management, encouraging listeners to transform their financial lives.00:01 - Introduction to money mindset 05:56 - Personal financial awakening journey15:17 - Evaluating financial advice20:27 - Tax strategies for wealth29:09 - Understanding stock market risks40:19 - Building trust in finance Key Takeaways: - Mindset Matters: Our beliefs about money can significantly impact our financial reality. Shifting to a mindset of abundance can lead to greater financial freedom.  Engagement is Key:  Actively participating in financial planning and decision-making is essential for building wealth and confidence.- Value of Professional Guidance: Financial advisors can provide critical insights and strategies that empower individuals to make informed financial decisions.- Understanding Investments: Educating oneself about the stock market and investment strategies can alleviate fears and promote a more positive relationship with investing.- Trust in Financial Relationships: Building trust with financial advisors and within oneself is vital for a healthy financial journey.For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the "Money & You with Michelle Perkins" Podcast:Apple Podcasts, spotify, iheart radio and morePlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: https://www.youtube.com/@michelleperkins-limitfreel2446For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…

In a recent podcast episode, hosts Michelle Perkins and Tony Sweet talk about all things podcasting. He is a seasoned podcaster and producer with over 16 years of experience in the industry and founder of PodXperience (podxperience.com) and has worked with numerous celebrities and brands, helping them navigate the podcasting landscape.They discussed the evolution and significance of podcasting, particularly as the “Money and You” show approaches its 200th episode. The conversation highlighted Michelle’s journey in podcasting, which began in 2016 with Internet Radio (UBN Radio), and her collaboration with Tony Sweet, who has been instrumental in her podcasting career.They reflected on the growth of the podcasting industry, noting the challenges and rewards of building a podcast brand over time.  Emphasizing the importance of podcasting as a marketing tool and personal brand equity, Tony shared insights on the various motivations behind podcasting, from personal branding to financial opportunities. The discussion dispelled some myths and  underscored the enriching connections formed through podcasting, allowing hosts to meet diverse individuals they might not have encountered otherwise. This episode is significant as it celebrates the milestones in podcasting and encourages aspiring podcasters to explore the medium's potential for personal and professional growth and how to manage expectations.00:05 - Celebrating 200 podcast episodes 08:48 - Evolving podcasting with PodXperience15:16 - The long game of podcasting24:14 - Building brands through podcasting30:32 - Connections and growth in podcasting When the host began in 2008, there were only about 18,000 podcasts worldwide, many of which are no longer active. The podcasting landscape has since evolved significantly, resembling the early days of television and FM radio, with a vast increase in the number of podcasts and a shift towards video content.Key Takeaways  - Podcasting is a powerful tool for personal branding and marketing.- Quality production can significantly enhance the listener's experience and engagement.- Monetization takes time and requires strategic planning and consistency.- Building a podcast community can lead to valuable connections and opportunities.- The opportunity cost of DIY podcasting versus focusing on content creation and client work.- Discussion on the growth of niche markets, such as the paranormal podcasting community.For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the Money & You Podcast:Apple Podcasts, spotify, iheart radio and morePlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: https://www.youtube.com/@michelleperkins-limitfreel2446For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…

In the podcast episode of "Money & You," host Michelle Perkins discusses the topic of reverse mortgages with an expert guest, Laura Phillips. The conversation emphasizes the importance of understanding financial tools like reverse mortgages, particularly for seniors, as a means to tap into home equity for financial security. The discussion highlights common misconceptions and the hesitance of financial advisors to address reverse mortgages, which can lead to misinformation among the public. The episode aims to educate listeners about the mechanics of reverse mortgages, including eligibility requirements and potential benefits, such as alleviating monthly mortgage payments. Michelle and Laura also touch on the emotional and practical implications of these loans, especially for women who may outlive their partners. This episode is significant as it seeks to empower listeners with knowledge about financial options that can enhance their quality of life in retirement, ultimately fostering a healthier relationship with money. The conversation reflected ongoing concerns about planning for the future and helped to inform people about an option they may not have considered.00:01 - Introduction to money mindset 07:48 - Understanding reverse mortgages17:35 - Benefits and considerations26:54 - Selling with a reverse mortgage38:55 - Empowerment through financial knowledge Key Takeaways:- Reverse mortgages can be a valuable financial tool for seniors, allowing them to tap into their home equity without monthly payments.- Education and open discussions about reverse mortgages can help dispel myths and empower homeowners to make informed decisions.- It’s essential to consult with knowledgeable professionals who specialize in reverse mortgages to understand the full implications of such loans.Laura Phillips is a mortgage broker for decades and an expert in reverse mortgages with extensive experience in the field. Laura shares her insights and knowledge to help listeners navigate this complex topic and can be reached at: aura@lauraphillips.com --------------------------------------------------------------------------------For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the Money & You Podcast: Apple Podcasts, spotify, iheart radio and morePlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: https://www.youtube.com/@michelleperkins-limitfreel2446For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…

Today's guest learned the power of wealth creation early—and never stopped building on it. From delivering newspapers past new apartment buildings as a teen to owning, flipping, and lending on properties for over four decades, he’s seen every side of real estate investing.What began as curiosity about how people “made money while they slept” turned into a lifelong journey of discipline, financial literacy, and creative investing. He’s not just building real estate wealth—he’s teaching others how to do it while living a balanced, fulfilling life.Michelle interviews Joel Miller, veteran investor, author, hard money lender, and educator behind the bestselling book Build Real Estate Wealth: Enjoy the Journey of Rental Property Investing. With nearly 50 years in real estate, Joel shares how mindset, education, and steady discipline are the real foundations of success—whether you’re 19 or 59.They talk about everything from how to start investing without giving up your day job to teaching financial literacy to the next generation (his son bought his first rental property at 18!). The episode demystifies real estate, proving it’s not “all bad tenants and broken toilets,” but a tangible path toward financial independence and freedom.00:00 – From paper routes to property: Joel’s early money lessons07:35 – Building a DJ career and a rental portfolio at the same time14:50 – How to start investing while keeping your full-time job21:20 – Teaching financial literacy and investing to the next generation30:45 – Why tracking your money matters more than budgeting38:05 – Real estate tax benefits explained (depreciation, deductions, and more)45:40 – Mindset: discipline, debt, and overcoming fear of starting56:00 – Pivoting strategies—when your “flip” becomes a long-term win1:05:20 – How to prepare your financials for lenders and brokers1:12:15 – The difference between being rich and being truly wealthyKey TakeawaysMindset matters most. You don’t need to know everything before starting—get some education, take the first step, and learn by doing.Track everything. What you measure multiplies. Keep records not just for taxes but to make smarter business decisions.Good debt vs. bad debt. Real estate leverage, when managed wisely, builds long-term wealth—unlike consumer debt that drains it.Tax advantages are real. Depreciation, passive income status, and the 20% small-business deduction can significantly boost returns.Educate yourself, then act. Join local investor groups, read books, and surround yourself with people already doing it.Build relationships. Lenders, brokers, and mentors can make or break your success. Make it easy for them to understand your financial story.Redefine wealth. Money is a tool; relationships and community are what make it meaningful.Connect with Joel Book: Build Real Estate Wealth: Enjoy the Journey of Rental Property Investing Website: joelmillerbooks.comFor more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast: Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins:  https://limitfreelife.com LinkedIn: https://www.linkedin.com/in/limitfreelife/Instagram: @livealimitfreelifeYouTube: https://www.youtube.com/@michelleperkins-limitfreel2446

oday’s guest learned the real cost of retirement long before most people even ask the first question. As a young soldier-turned-advisor, he saw how life can change on a dime—and how a lack of planning and communication turns money into chaos for families.A single realization shaped his career: retirement isn’t won on a spreadsheet—it’s built through purpose, honest conversations, and proactive choices about health, Medicare, Social Security, and long-term care. By blending practical tactics with human realities, he helps people retire on their own terms—not their neighbor’s.He’s not just here to talk numbers—he’s here to show you how money can support the life you actually want.Michelle interviews Jeff Panik, founder of Balanced Wealth Partners, a 25-year financial advisor and U.S. Army veteran. The conversation centers on designing a life-first retirement: testing purpose and hobbies before you retire, avoiding reactive decisions, aligning as a couple, and navigating Medicare/IRMAA, Social Security timing, and long-term care. Jeff shares a “Financial Life Inventory” framework and why communication may be the most valuable asset in your plan.Episode Guide00:00 – Why purpose comes before the portfolio05:22 – Proactive vs. reactive retirement (and the “try it before you buy it” approach)14:18 – Couples, roles, and the communication gap24:40 – Medicare surprises, IRMAA basics, and Social Security timing33:05 – Long-term care planning that actually fits your life41:12 – Legacy talks, family meetings, and preventing rifts47:30 – The Financial Life Inventory: putting the puzzle togetherKey TakeawaysDesign the life, then fund it. Test hobbies, volunteering, travel, or part-time work before you retire.Communicate like it’s a job. Don’t let one partner “own” the finances—share info, budgets, and decisions.Medicare ≠ free. Learn plan trade-offs and IRMAA (two-year income lookback) to avoid premium shocks.Time Social Security intentionally. The higher earner often benefits from delaying to boost inflation-adjusted lifetime income.Plan for care. Consider long-term care before retirement; confirm home-care coverage and inflation features.Hold a family meeting. Clarify wishes, roles, and the “why” behind bequests to prevent conflict later.Inventory everything. Use a Financial Life Inventory to align assets, debts, insurance, goals, and health realities.Connect with JeffBalanced Wealth Partners: balancedwealthpartners.comJeff’s site: jeffreypanik.com (Panik with a K)For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the Money & You Podcast:Apple Podcasts, spotify, iheart radio and morePlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: https://www.youtube.com/@michelleperkins-limitfreel2446For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…