Money Files: Money Mindset & Personal Finance

If you are a solo entrepreneur, you’re responsible for paying yourself. A lot of my clients pay themselves all of the money they make. They pay their bills, and their paycheck is whatever is left. There’s a lot they don’t consider. And it’s not a sustainable system. I want you to know exactly what you need to pay yourself and where your money needs to go so you can feel more in control and create the financial security you deserve. Today, I’m talking about how to determine what you need to pay yourself, really knowing your numbers as a business owner, and identifying what’s possible for your money in the future. The earlier in your business that you can build these systems and habits the better off your business—and you personally—will be financially. Regularly paying attention to how money flows in your business will help you fulfill your vision, whatever it may be. In this episode, you’ll learn... Why you need a consistent system in place for how you pay yourself [01:19] How to determine what you need to pay yourself and why you need three different tiers of budgets [02:34] Why you need to prioritize savings and retirement funds [04:15] To remember to account for taxes before paying yourself from your net profits [05:42] The importance of understanding your current and past year’s numbers [07:20] How looking at your numbers quarterly helps you project revenue goals [08:56] How to identify what’s possible for your money [09:26] To consider all the different jobs of your business’s money [10:19] To average your past 12 months of expenses to understand where your money is going [12:37] How paying attention to your money and its purpose creates possibility for the future [16:46] Tune in to this episode to learn how knowing your numbers can help you pay yourself what you need and grow your business sustainably. Get full show notes and the episode transcript: https://wealthovernow.com/how-to-determine-your-paycheck-as-an-entrepreneur Links mentioned in this episode… EP 310: Unlearning Default Thoughts With Financial Coach Keina Newell | What Works with Tara McMullin Ep 19: How to Use Financial Visioning to Achieve Your Money Goals | Money Files

It’s that time of year again: open enrollment season, a time of year that people largely forget about. Maybe you just picked the first health plan you saw when you started a new job, without considering your individual health needs, or you set up the 401k contributions based only on your employer’s match program. If you’ve never reviewed your plans or contributions since then, you’re probably leaving money on the table – money that could be getting you closer to your financial goals. Reevaluating your flexible spending, retirement, and health plans each year and making adjustments as your needs change will help you align your contributions with your long-term financial plans. In today’s episode, I’m talking about why you need to take advantage of the end-of-year open enrollment season, by reviewing your health coverage, asking questions, using trial and error, and planning out your contributions. I’ll also walk you through the different types of programs that might be available to you and how they can work together so you can make sure that your money and your benefits are in alignment with your financial goals. In this episode, you’ll learn… [01:22] Why you need to reevaluate your plans and contributions during open enrollment season and ways to ensure that the coverage you have aligns with your health needs [08:21] How paying attention to your bills and asking questions about your coverage can help you save money [14:07] The importance of finding out if your FSA money rolls over to the next year and monitoring how much you spend so you know how much to contribute [17:12] What’s different about an HSA and how to determine which plan makes the most sense for you [20:46] Why asking more questions before getting a procedure can benefit your health and your finances [21:29] How planning regular increases in your 401k contributions will benefit your long-term financial health Tune in to this episode of Money Files for tips on how to approach open enrollment season and making the most of your benefit plans and financial contributions. Get full show notes and the episode transcript: https://wealthovernow.com/why-reviewing-your-finances-during-open-enrollment-season-will-set-you-up-for-financial-success-next-year

If you’re a type-A person like me, you probably grew up in an environment where you were praised for the ability to do things on your own instead of constantly asking for help. For me, the belief that I should be able to figure everything out by myself served me well… until it didn’t and started hindering my personal growth. These last few weeks, I’ve been exploring what it means to embrace feelings of vulnerability and fear to move out of my comfort zone and reach out for support. Because to say yes to myself and to become the best version of me, I have to let go of the shame and other negative emotions that tell me I should do everything by myself and build that habit to ask for the help that I need. If this resonates with you, especially when it comes to asking for help with your finances, just know that I understand the journey, and I’m here to support you with grace and compassion. On the other side of these negative emotions is a transformation that can change your life for the better. In this episode, you’ll learn… [03:33] How emotions can hold you back when you don’t allow yourself to process them [07:08] Why it’s necessary to embrace vulnerability and ask for help to become the best version of yourself in your personal life and your finances [09:53] Why I get so excited to offer help and support my clients as they shift the way they think about money [12:05] How sharing our struggles and asking for help builds that habit and allows us to reach out more consistently Tune in to this episode of Money Files to move through shame and fear and start asking for the help you need. Get full show notes and the episode transcript: https://wealthovernow.com/how-asking-for-help-allows-you-to-become-the-best-version-of-yourself Links mentioned in this episode… Daring Greatly by Brené Brown

Are you in a position where you know you need to make a change, but are too stuck in old beliefs and fears around money to ask for help? That was the story for my client Karen, until she made the brave decision to reach out and ask me for help. Karen first started working with me at the beginning of the pandemic after going through bankruptcy.  Today, I’m catching up with her after almost two years since we started working together. In this episode, Karen reflects on the changes financial coaching brought into her life, like being able to pay for car repairs without an anxiety attack, how she does weekly money dates and continues to personalize the tools I developed for her to fit her changing life, and how the support she received during financial coaching allowed her to rein in her emotional spending and rebuild her trust in herself. Toward the end of our chat, Karen shares how she recently found her one-year plan that she made with me and how she was surprised to discover that she had met every single goal that she had set for herself, from living on her own to moving to a new state.  Financial coaching completely changed Karen’s life, not only by teaching her how to set goals, but by giving her the skills and the confidence that have empowered her to reach those goals. Her biggest piece of advice to others is to take the leap today, right now, if you’re ready to make a change in the way you manage your finances and your life as well. In this episode, you’ll learn… [02:47] What made Karen decide to finally make the leap to start working with me and her feelings about having someone in her corner on her financial journey [10:04] How Karen has kept up with her budget and stayed in control of her finances [17:44] How Karen continues to use the skills she learned during our coaching partnership to address her financial triggers [25:01] Why Karen, who is usually non-confrontational, likes to negotiate now and how she prepares for expected and unexpected expenses [32:52] How Karen learned to trust herself again and develop confidence through managing her money Tune in to this episode of Money Files to hear how my financial coaching partnership changed Karen’s life. Get full show notes and the episode transcript: https://wealthovernow.com/how-the-skills-karen-learned-during-our-financial-coaching-partnership-continue-to-support-her Links mentioned in this episode… Karen’s first episode

Are you a person in position to price your own work by doing 1099 work on the side or even as a full-time solopreneur? Are you undercharging and having difficulty making the amount of money that you need to make your business sustainable and your life less anxious? To charge the amount you need for business and financial success, you need to examine how you think about your services and start charging based on the value you provide, not necessarily for “accessibility” or “affordability” (because those are going to change based on each individual’s values anyway.) In today’s episode, I’m going to help you evaluate your mindset around your pricing system, whether you’re about to start charging for your services, you’ve already started a side-business and need to make sure you’re actually getting a worthwhile return on investment for your time, or you’re a full-time solopreneur trying to make sure that your prices can sustain the life you want to live. Taking the time to evaluate your mindset around your prices, understand why you price your services the way you do, and adjust your prices based on your lifestyle and financial goals will allow you to have more control over your finances and more choices for how you spend your hard-earned time and money. In this episode, you’ll learn… [04:27] Keina’s experience of pricing for “accessibility” instead of value and how it wasn’t sustainable for her business and the life she wanted to lead [07:40] How Keina thinks about the value she provides her clients (and the $2 million she’s helped them collectively save) and why it’s given her so much confidence in her pricing [14:26] The questions you need to ask yourself before you decide to start charging for your services so you can show up fully for yourself and your clients [19:07] How to evaluate your prices if you’re already charging for services so you can make sure your ROI is worth it [28:02] How planning backwards from the amount of money you’d like to make and how you’d like to make that money will help to clarify how much your need to charge for your services Tune in to this episode of Money Files to examine your mindset around pricing and start charging for your services in a way that serves you AND your clients. Get full show notes and the episode transcript: https://wealthovernow.com/evaluating-your-mindset-so-you-can-feel-confident-in-your-pricing/ Links mentioned in this episode… Keina’s Facebook Group

Do you find yourself paying off debt each month, only to find yourself surprised by an even higher credit card bill a month or two later? If you want to break the cycle of debt, it starts with understanding how money is moving in and out of your life. If you don’t think about your money until it starts to cause you pain, you end up spending and “figuring it out later”, often resorting to using your tax refund or holiday bonus to pay off debt. Discovering the habits keeping you in debt and then creating a plan to mindfully choose what you do — or don’t — want to use debt for, will help you break your debt cycle permanently. In today’s episode, I’m talking about five things that might be keeping you in a debt cycle, how to pull yourself out of that cycle by examining your emotions and motivations, and the importance of setting boundaries and intentions around credit card usage so that you can finally move out of debt and into a more thoughtful, mature way of handling your finances. When you understand the role that money plays in your life, when you have awareness of how you’re spending, and intention around how you want to spend, you can build long-term money habits that will help you stay out of debt. If you’re ready to commit to becoming a person who mindfully manages their finances, tune in to this episode! In this episode, you’ll learn… [02:27] How making a commitment to yourself helps you break free from debt and build long-term skills for managing your money [12:14] How to break the debt cycle by examining your money habits [14:23] What you can do to address impulsive spending that’s tied to your emotions [17:51] Common reasons you’re in credit card debt and how to tackle them [25:09] How understanding the way you use debt allows you to make more thoughtful, long-term decisions [26:49] How setting intention and purpose for your credit card usage helps you stay out of debt Tune in to this episode of Money Files for tips on getting out of debt, improving your relationship with debt, and building solid money management habits. Get full show notes and the episode transcript: https://wealthovernow.com/how-to-break-the-debt-cycle-by-understanding-your-spending-habits Links mentioned in this episode… Previous episode: How Jeanine Got Out of the Debt Cycle in Five Short Months Previous episode: Shift the Way You Think About Saving to Build Better Financial Habits Download my FREE spending plan

The very first time I met Eniola, I asked her how much she paid for her house. Although she was a little surprised by the question, she graciously answered me, and we were able to have a conversation about real estate costs and options in our area. While social conventions sometimes discourage this kind of discussion, I’ve found that casual chats about money between friends allow us to share financial information and experiences that give each of us more clarity and power as we navigate our own financial circumstances, like negotiating an interest rate or asking for a salary increase. In today’s episode, Eniola and I reflect on our first conversation which gave Eniola insight on housing prices in our area and the discussion that helped Eniola to negotiate a higher salary at her new job, as well as a more recent chat we had that convinced Eniola to raise her consultation rate. If you want to make the financial decisions that are the most beneficial to you, then information is power. My conversation with Eniola today will convince you that having money conversations and exchanging financial knowledge with those around you will empower you to take control of your financial life and achieve the results you desire. In this episode, you’ll learn… [08:23] How open conversations about money allow us to make better informed decisions, especially around housing costs and financing options [15:35] How discussing salary negotiations with a friend helped Eniola get substantial salary increase as she started a new job [29:42] Why who you choose to discuss money with can change depending on your season of life [34:34] How asking your friends and colleagues “What don’t I know?” can lead to new financial insights, like career development opportunities [38:32] How asking questions allows you to discover new financial opportunities, like uncovering pay scales or per diem resources from your employer Tune in to this episode of Money Files to hear my friend Eniola and I chat about honest money conversations and how they’ve improved our financial lives. Get full show notes and the episode transcript: https://wealthovernow.com/an-honest-money-conversation-with-my-friend-eniola Links mentioned in this episode… Mimosas + Money Matters Previous episode: Negotiating for the Salary You Desire & Deserve with Kim Tran

Have you ever taken the time to think about your relationship with debt? Many of my clients come to me with student loan debt, personal loans, or credit card debt. Their thoughts are consumed with trying to figure out how to manage paying off their debt while also working towards other goals like buying a home, building an emergency fund, or having extra money to do things they enjoy like traveling or enjoying a spa day. In today’s episode I help you reframe your relationship with debt so you can then decide how you want to approach paying down debt in your own life. This episode will help you discover the root cause of your debt, engage you in a flexible plan to help you pay down your debt, and identify ways to ease the financial burden so you can pay off your debt sooner. In this episode, you’ll learn… [01:14] The debt brain-dump and how it can help you sort out your feelings around your debt [04:43] How the financial awareness you gain from a debt brain dump allows you to make adjustments in the way you handle your money [07:30] Why examining your motivations will help you choose a debt payoff strategy that works best for your unique situation [12:03] Why you shouldn’t turn to balance transfers until you understand why you’re in debt [16:49] How you can change debt payoff from feeling restrictive to expansive by looking for ways to make extra money and finding extra money in your budget [24:52] Why changing your mindset and paying off your debt can open up opportunities you never thought possible Tune in to this episode of Money Files to change your mindset around debt and pay it off for good. Get full show notes and the episode transcript: https://wealthovernow.com/how-examining-your-mindset-around-debt-can-help-you-pay-it-off

Are you trying to decide between saving money or paying down debt? Maybe you’re intimidated by trying to save a certain amount because you’ve never been “good” at saving money, or you’re tempted to pay off some of your big credit card balances or student loans with every spare dollar you have. But if you don’t have any savings for unexpected expenses, you’ll be stuck using credit cards and adding to your debt instead of paying it down. Instead of trying to decide between paying off debt and saving, you can do both by asking yourself a different question: “How can I pay myself first?” So many of my clients start out saving their leftover money after rent, utilities, and other expenses each month, but I want you to start paying yourself first by setting aside money each month for an emergency fund before you allocate your money anywhere else. Even if it’s just $25 a month, consistently saving any amount helps you build that muscle and lays the groundwork for you to save more over time. In today’s episode, I’m going to help you rethink how to save money for yourself and reevaluate just how much money you need to save in an emergency fund for your specific circumstances (and it might differ from some of the classic advice you’ve heard before). This shift in your mindset will let you build confidence in the belief that you ARE someone who can save money, save consistently, and prioritize your own financial health. You’ll be able to plan how you save, find opportunities to boost your savings, and feel in control of your financial future. In this episode, you’ll learn… How you can save money and pay down debt at the same time by paying yourself first [02:07] Why you should start saving money, no matter the amount, and how that habit will build confidence in your belief that you CAN save money [03:53] How you can create a year-long plan to meet your savings goals [07:10] Why $1000 is a starting point for your emergency fund and how to create personalized savings milestones for yourself and your unique circumstances [10:12] Why you should keep your emergency fund in a separate account so that you know exactly what it’s for and how it’s working for you [15:19] How you can boost your emergency fund to stay ahead of life-style creep, reduce your expenses, and be prepared for unexpected financial upheavals [16:49] Tune in to this episode of Money Files to start building your emergency fund and prioritizing your financial health. Get full show notes and the episode transcript: https://wealthovernow.com/shift-the-way-you-think-about-saving-to-build-better-financial-habits

Are you making “good money,” but still feel you can’t do what you want with your money without concern of “how am I going to pay for this?”  You might think making more money will solve your financial desire to travel more, pay off debt, or reach your next goal of buying a home. But you can’t out-earn your spending habits, so to create clarity with your finances you need to start giving every dollar a name. In today’s episode, I’m going to walk you through my process of naming every dollar you earn so that you aren’t overworking your money. This process will help you take the shame out of your finances and help you to get to know your numbers so you can plan and spend with intention. In this episode, you’ll learn... Why you don’t feel wealthy despite making “good money” and the shift in thinking you need to make financial progress [05:34] How giving every dollar a name allows you to create clarity around your money [09:09] The three step process for naming each dollar to guarantee that they aren’t overworked [13:18] How creating clarity around your money allows you to confidently create more money  [21:28] Tune in to this episode of Money Files to learn how to give every dollar a name and start building the life you want. Get full show notes and the episode transcript: https://wealthovernow.com/how-giving-every-dollar-a-name-will-help-you-make-financial-progress Links mentioned in this episode… Mimosas + Money Matters

I first shared Brent’s journey shortly after he finished working with me in my five month coaching partnership. In this conversation I caught up with Brent almost two years later and we’re pulling back the curtain to hear about his financial journey after working with me. Before working with me Brent spent his mental energy either agonizing over his imperfect finances or avoiding them as much as possible. He was constantly worried about having enough and would use his credit card between paydays to sustain his lifestyle. When we finished coaching together Brent was about to move into a new apartment, which meant he needed to shift his budget.  In fact, this past year has been one met with new financial experiences as Brent has navigated unexpected expenses, shifts in financial goals, and rising inflation. This last year of managing his finances on his own has helped Brent let go of perfectionism and embrace the shift in his money mindset. In our conversation today, you’ll hear Brent share several powerful thoughts and questions he uses to embrace a healthy financial mindset. Instead of old questions like “Will I have enough money for this?”, he learned to ask “Will this purchase align with how I want to use my money?” He gained confidence in his ability to adjust his budget in real time. Instead of beating himself up over a forgotten fee, now he just adds it into his budget for the next month and moves on. Being able to trust in the financial management system he has now means that Brent has been able to invest that energy into other areas of his life. He’s been able to let go of worrying about getting his finances perfect, and uses money dates to check in periodically instead. Brent’s taken that extra time and energy to work on his fitness and health, hiring a personal trainer and setting aside money each month to cover that expense. He used the self-confidence he gained from feeling in control of his finances to negotiate a raise at his job. And Brent, who used to live paycheck-to-paycheck, now has both an emergency fund and enough savings built up to cover three months of utilities to be able to live on, giving him a sense of freedom and security he never thought possible before. In this episode, you’ll learn... How shifts in Brent’s money mindset have allowed him to enjoy life more [04:58] Why keeping a budget has allowed Brent more freedom  [06:51] How having a clear plan transforms your approach to spending money [12:58] How Brent’s new relationship with money has impacted those around him [20:58] The results that have surprised Brent the most in the last year and a half  [23:16] How his budget has helped him build awareness around spending [32:24] The financial results he’s most proud of on his journey [35:55] Tune in to this episode of Money Files to hear all the details about Brent’s financial results almost two years after he started working with me. Get full show notes and the episode transcript: https://wealthovernow.com/how-brent-ditched-perfectionism-and-got-intentional-with-his-spending Links mentioned in this episode… Brent’s First Episode

You’re often told that you’re supposed to do life a certain way. Finish K-12, graduate with a college degree, then get a full-time job. We’re taught that life progresses in a linear fashion. But life isn’t always linear. And neither is your financial journey. Sometimes, you may take one step forward and two steps back. But that doesn’t mean failure. Everything is a learning experience. Everything is progress. A thought that I share often with my clients is, “You got this.” I want you to believe in yourself. I want you to have your own back. I want you to know how to encourage yourself to keep going.  Notice the shifts in your thinking, in your actions, and in your results and celebrate how those changes have improved your financial well–being. You don’t have to be perfect with your money; we’re all making progress a day at a time. In today’s episode, I’m sharing three milestones that I talk about with my clients. Celebrating these milestones will reinforce the mindset shifts you’ve made and allow you to reflect on how far you’ve come on this journey already. Reminding yourself that you’ve made progress and that you understand how to manage your money in a more mature way will continue to build your financial confidence and set you up for long-term success. In this episode, you’ll learn... Why it’s important to have your own back [02:12] Why you should document and celebrate your milestones [07:36] Why embracing what’s working sets you up for long-term success [12:33] Tune in to this episode to learn why you should celebrate your milestones and wins. Get full show notes and the episode transcript: https://wealthovernow.com/why-financial-results-dont-have-to-be-linear Links mentioned in this episode… Join my live group coaching calls, Mimosas + Money Matters Download my FREE spending plan

If your story is similar to my own, you might have opened your first credit card with the intention of building your credit. But, years later, your credit line increased and the way you use your card changed, perhaps without you even noticing. Instead of using your credit card as a tool to boost your financial health or to earn cash back and rewards, now it’s just an easy way to make purchases and pay them back later. Or maybe not, if the balances are getting away from you. But, it’s not really an issue with credit cards, is it? Credit cards can be great financial tool as long as we’re using them in a financially mature way, which means understanding their benefits and costs and establishing better credit card practices that allow you to be intentional about how you spend your money. In today’s episode, I’m talking about the importance of identifying your intentions with your credit card use and understanding how you’re actually spending money when you use your card. I’m also sharing three tips that will help you be more intentional about how you use your credit cards. Whether you’re someone who is paying down debt or someone who pays their monthly balance in full, building a better relationship with your credit cards will build awareness of your spending as well as help you get out (and stay out) of debt. In this episode, you’ll learn... How credit card debt sneaks up on you if you don’t have a handle on your money [04:52] Why you need to identify the role credit plays in your life [08:23] Why it’s important to check whether your credit card is still serving you [09:39] How to define the type of relationship you want to have with credit [10:54] How knowing the interest rates and fees on your credit cards can help you avoid hidden costs [12:41] Why you should know and establish your payoff plan (even if you don’t hold a credit card balance) [16:42] How paying off your credit card weekly will help you stay in control of your budget [19:55] Tune in to this episode to learn how to use your credit cards with intention. Get full show notes and the episode transcript: https://wealthovernow.com/how-to-build-a-better-relationship-with-your-credit-cards Links mentioned in this episode… Join my live group coaching calls, Mimosas + Money Matters Download my FREE spending plan

Overspending is a common challenge for my clients. Fluctuating categories like groceries, shopping, and travel can catch you off guard if you’re not paying attention and spending with intention. Many people live with the thought that budgeting will be too restrictive, so they don’t track their money at all, leading to shame and buyer’s remorse. But budgeting isn’t about restriction. It gives you freedom and flexibility and a way to get back on track even when you do overspend. It allows you to ground yourself in the numbers and to avoid getting lost in the emotions that can feel overwhelming around money. Because even with a budget, overspending happens. It’s all about how you respond to overspending and having helpful tools in place to bring more intention to your spending. So, in today’s episode, I’m walking you through four common causes of overspending. Then, I’m giving you 10 tips that you can implement to go from feeling reactive about money to being in control of your money. These tips will help you stay grounded in financial reality, while allowing you room to prioritize the financial and personal goals that bring you the most joy. In this episode, you’ll learn... How a budget helps to ground you in reality and gives you flexibility [01:22] Four common causes of overspending [05:14] Getting specific about what you’re overspending on and being realistic about your numbers [08:54] Considering how your emotions play into overspending [12:03] Creating joy around spending money on things that you actually want [15:15] How a 24-hour pause helps you make a better spending decision [16:52] How planning and organization help curb overspending [17:53] Making a mini-budget for your vacations, events, and holidays [19:51] The benefits of unlinking your cards and spending from one account [21:31] Why you should always ask yourself if you’re spending on a need or a want [23:08] Tune in to this episode to learn how to build your financial confidence and achieve your money goals. Get full show notes and the episode transcript: https://wealthovernow.com/how-to-navigate-overspending-without-guilt Links mentioned in this episode… My Free 5-Day Financial Habit Tracker

Fear of failure is something I hear about a lot from my clients. If they get out of debt, they’re afraid they’ll get back into it. They overdrafted before, maybe they’ll overdraft again. They feel like making a misstep means starting back from square one. This fear could be why you haven’t started a budget or revisited your money goals or started tackling your debt. Like many of my clients, you might be scared that the process won’t work. Scared you’re going to have to start over. But success isn’t linear. The ebbs and flows of your money are data points. They serve as information, not an opportunity for judgment. Every misstep provides an opportunity to reflect and ask yourself how you can move forward differently in the future. It offers you a moment to ask yourself how you define failure and if you truly failed in this moment, or if, perhaps, you’ve just been given an opportunity to use the skills you’ve learned from your past experiences to make better choices going forward. In this episode, I want you to think about why you haven’t started over (or started at all) when it comes to your financial success. You’ll learn questions to ask yourself that will help you get curious about your relationship with money. You’ll learn to rethink the way you look at financial failures or new financial circumstances so that you can apply the experience you’ve gained to have your own back when it comes to making better decisions about your money. You can always start over. Don't be afraid to begin again. And I want to empower you with the confidence to do that. Tune in to learn how to build financial confidence and awareness that will last a lifetime. In this episode, you’ll learn... How we often let fear of failure get in our way of starting over [03:08] The importance of monitoring your self-talk [04:39] Why you should approach financial shifts with curiosity and questions to ask yourself about starting over and failure [05:56] How your thoughts about failure hold you back and how data points help you make sense of your numbers [08:29] How “starting over” is actually just a different starting point that gives you the tools to stay on track [10:03] How a financial coach serves as a support system for your progress [10:53] How to ask yourself critical questions [12:16] Why you need to be honest with yourself and acknowledge why it’s hard for you to start over and the different tools you’re bringing this time around [14:01] Tune in to this episode to learn how to build your financial confidence and achieve your money goals. Get full show notes and the episode transcript: https://wealthovernow.com/starting-over-is-just-another-step-toward-financial-progress Links mentioned in this episode… Money Files Episode 7: Moving Forward After Financial Failure

When I first met Amy and Jennifer, they hadn’t ever put much forethought into their finances in their 23 years together. They didn’t manage their money together, set goals together, or even think through their spending together. They had dreams, but they had no idea how to reach them financially. Learning how to discuss and manage their finances as a team helped them transform their relationship with money. During our ten months working together, Amy and Jennifer learned how to have honest, productive conversations about their finances. Amy was able to hand over some financial responsibility, Jennifer quit her job to start her own business, and their entire family made a long-awaited cross-country move – all because they started looking at their numbers together. This shift has allowed Amy and Jennifer to reach a level of financial stability they never thought possible. In our conversation today, you’ll hear how they transformed their financial situation by working on their individual and joint money mindsets. You’ll see that managing money with your partner isn’t about controlling one another, but instead about empowering each other to make smart, fulfilling money decisions. In this episode, you’ll learn... How and why Amy and Jennifer decided to invest in a financial coach [0:58] How Amy and Jennifer used to manage their money, and how it affected their relationship [4:25] Why shame-free financial coaching is key for making a real, lasting change [7:28] How to show up confidently for your money, no matter how much of it you have [13:09] How value-based budgeting allows Amy and Jennifer to spend without guilt or shame [18:49] How they learned to have honest conversations and divide financial responsibility as a couple [22:40] What it feels like when you finally start to develop financial confidence [25:46] How Amy and Jennifer’s financial transformation has impacted their kids [30:34] How financial coaching helped their relationship become even stronger [34:23] Tune in to this episode to learn about managing your money with your partner and becoming a financially confident couple. Get full show notes and the episode transcript: https://wealthovernow.com/how-financial-coaching-transformed-amy-and-jennifers-joint-finances

If you’re like most of my clients, the overwhelm and shame you experience with your finances can be traced back to a lack of financial confidence. You don’t feel confident in your ability to manage your money well and any time you’ve started to make changes you end up in the same place. You recognize that you need to make a change, but you don’t feel capable of taking the necessary steps towards creating that change because of the stop and go nature you’ve had with budgeting. Luckily, financial confidence is a skill you can build. In this episode, I want to help you recognize what is already working and how you can build upon your current progress. You’ll also have the chance to identify who you are when you are confident so you can tap into that version of yourself a little more each day. Tune in as I share 8 actionable steps for building financial confidence. In this episode, you’ll learn... What financial confidence is and how it can hold you back [00:34] What financial confidence looks and feels like in day-to-day life [2:48] How to recognize other areas of your life in which you’ve built confidence [3:04] How to envision and recognize the financially confident version of yourself [6:20] How to make the conscious decision to improve your relationship with money [10:59] My actionable steps for building financial confidence [12:27] Tune in to this episode to learn how to build your financial confidence and achieve your money goals. Get full show notes and the episode transcript: https://wealthovernow.com/how-to-build-your-financial-confidence Links mentioned in this episode… Ep. 21: Using Money Dates to Spend Quality Time with Your Finances Ep. 30: The Difference Between Financial Coaching and Financial Planning Download my free spending plan

Many of my clients believe they need a financial planner because they feel overwhelmed by their finances or they’ve heard that you “should” have an advisor to help you make “good” financial decisions. When is the right time to seek out a financial planner? What services does a financial planner provide that a financial coach does not? In today’s episode, I’m talking to my friend Ellen, a financial planner, about who you need on your numbers team. In this candid conversation, we discuss the difference between how she supports her clients as a financial planner and how I support my clients as a financial coach. We’re also debunking common financial misconceptions and talking through some of the greatest lessons we’ve personally learned on our money journeys. Understanding the difference between a coach and a planner will help you make an informed decision on whether you’re looking for support to learn how to better manage your finances day to day or support in preparing for retirement. In this episode, you’ll learn… The difference between a financial coach and financial planner [04:28] My personal experience with choosing  a financial planner  [10:57] What questions to ask of a financial planner  before working with them [14:44] How to know when you need a financial planner [15:21] [19:11] The difference between fixed expenses and variable expenses and how to consider them with budgeting and savings [15:52] What it really means to max out your 401k [20:53] The importance of giving yourself grace and being curious in your financial planning journey [27:43] What to focus on annually when it comes to your long-term financial plans [40:19] Understanding how much money you truly need to live when you retire and how to plan for that [44:57] Ellen’s advice for what she would do differently [50:04] Tune in to this episode to learn the difference between financial coaching and financial planning, and how both can benefit you. Get full show notes and the episode transcript: https://wealthovernow.com/the-difference-between-financial-coaching-and-financial-planning

When you think about how much money you have the ability to ask for or create, what is that number? We all have thoughts about money and one thing I help my clients discover is how much money seems “unreasonable” or “unattainable” when it comes to their ability to earn more.  I call this concept their money ceiling. Your money ceiling is the highest amount of money that you feel comfortable thinking about making. In this episode, I want to help you identify your own money ceiling and question your own limiting beliefs about how much you’re comfortable earning. I want to offer you the opportunity to explore your money ceiling, and then really ask yourself “What would it look like to earn more? And what is my capacity for earning more money?” I’m sharing 10 simple steps you can implement to get out of your own way and increase your earning potential. In this episode, you’ll learn... What is a money ceiling [03:24] How exploring different money scenarios can help you identify your money ceiling [09:44] About the mindset work I do with clients to shift their money ceilings [13:21] How to think about money as a positive tool that creates impact [15:12] Why you should find a community where you can talk openly about money [15:43] How finding positive examples around you of people who make more money can shift your mindset [16:45] The importance of regularly looking around you for the positive impact money can have [23:33] Tune in to this episode to learn how to identify—and break through—your money ceiling. Get full show notes and the episode transcript: https://wealthovernow.com/identifying-your-money-ceiling-and-shifting-your-mindset/

Before I met Chelsea, she struggled with managing her money in a way that felt intentional. As an entrepreneur—a personal stylist for six-figure earners—she was paying herself everything she was making and pulling tax money for her business from her personal savings account. Her personal and business finances were too muddled. Creating a financial system gave her the clarity and peace of mind needed to manage her money intentionally. During our time working together, Chelsea was able to start paying herself consistently, save for taxes, and build her savings—which allowed her business to take care of itself. She also decided to apply for a full time role while running her business. In our conversation today, you’ll hear how the work she’d done with pricing in her business helped her have the confidence to ask for the salary she desired. Her overall shift in her money mindset not only allowed her to manage her finances intentionally but helped her to see the value of money in her own life. Your worth is not tied to how much money you make, but knowing your worth and how your money can support you is how you take charge of your finances. In this episode, you’ll learn... How Chelsea was managing her business finances before working with me [03:59] The sense of security Chelsea feels having a financial system in place [06:13] How she has become more intentional with her spending [09:54] Why there’s no shame in working a job while running a business [12:34] Knowing how much you desire to make when negotiating a salary [15:54] Understanding that your worth is not tied to how much money you make [20:18] The importance of having people in your circle with similar desires and goals who are making money [25:53] How your mindset affects your ability to manage and earn money [27:47] How Chelsea reframed her mindset around debt [31:45] The results Chelsea is most proud of since working with me [35:15] How worthiness plays a role in your finances [37:00] Tune in to this episode to learn about how mindset shifts and self-worth related to how you approach your finances. Get full show notes and the episode transcript: https://wealthovernow.com/how-chelsea-changed-her-money-mindset-and-embraced-her-value Links mentioned in this episode… Kim’s podcast episode on salary negotiation Connect with Chelsea: Chelsea’s Instagram Chelsea’s website