Episodes
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In this episode, I welcome guest, Christopher Hensley, a financial advisor with over two decades of experience, to discuss the complexities of Social Security.
We discuss factors affecting the best time to start claiming benefits, special considerations for those with pensions, and strategies for integrating Social Security into an overall retirement plan.
Christopher also dispels common misconceptions about Social Security's future and provides actionable advice for maximizing benefits. Listeners are encouraged to save diligently and plan for a secure retirement.
00:38 Understanding Social Security Benefits
01:06 Strategies for Claiming Social Security
02:11 Special Cases and Exceptions
03:12 Widow's Benefits and Survivor Strategies
04:37 Maximizing Social Security Benefits
08:59 Common Misconceptions About Social Security
12:28 Working After Retirement Age
15:49 Windfall Elimination and Government Pension Offset
20:38 Integrating Social Security into Retirement Plans
23:04 Final Thoughts and How to Connect
Connect with Christopher:linkedin.com/in/christopher-hensley-9584449
Websites
houstonfirstfinancialgroup.com moneymatterspodcast.comBook your complimentary Retirement Vision Session!
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In this episode, I discuss the importance of saving for retirement and how to ensure you have enough money when you retire.
This episode outlines practical steps to manage money, eliminate unnecessary expenses, and build a robust saving habit. I also highlight the importance of having an emergency fund, paying down debt, and preparing for unforeseen expenses like inflation or job loss.
Listeners are encouraged to start small, prove the ability to save consistently before delving into more complex investment strategies and take actionable steps today to secure their financial future.
00:53 Immediate Steps to Start Saving01:00 The Importance of Employer Match
01:48 Challenges and Misconceptions About Saving
03:41 The Right Approach to Managing Money
06:39 Benefits of Saving
15:35 Steps to Build a Stable Financial Future
Mentioned in this episode:
All About Savings Podcast Playlist
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Missing episodes?
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Why A Money Routine Leads to Budgeting Success
In this episode, the host explores the secret to budgeting successβa consistent money routine. Listeners struggling to make their budgets work will discover how a structured approach to money management can transform their finances.
A money routine is about more than just paying bills; itβs a weekly commitment to actively manage your finances.
Listen to this episode to learn practical tips for personalizing these routines, making them enjoyable, and ensuring they align with financial goals.
02:08 The Importance of a Money Routine
04:01 Steps to Create a Money Routine
05:24 Real-Life Client Example
08:16 Create Check-In Times
08:33 Stay on Top of Spending
10:08 Make It Fun and Comfortable
11:03 Build a Money Routine
11:34 Commit to Your Financial Goals
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During this guest episode, I am lucky to interview Alexandra Dotcheva, who shares her transformative journey from an immigrant violinist to a financially independent real estate investor. She discusses the challenges she faced during the 2008 financial crisis, the pivotal shift to a nursing career for stability, and achieving financial success through disciplined real estate investments.
Tune in for insights on overcoming financial struggles, managing risks, and long-term goal focusing, along with an overview of the guest's coaching services and book.
00:06 Immigrant Journey and Financial Struggles
06:12 Strategies for Paying Off Debt
11:45 The Importance of Financial Goals
12:07 Coaching on Financial Discipline
12:26 Understanding Good and Bad Debt
13:14 Building Financial Habits and Mindset
Connect with Alexandra:
On her website Holistic Self Confidence
Facebook
YouTube
Check out her book on Amazon
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In this episode, I discuss the emotions tied to spending and their impact on not only achieving financial goals, but making impactful decisions. I share a client story demonstrating the importance of identifying personal values to forge a positive relationship with money.
You will learn practical tips like aligning purchases with their values and managing credit card balances to ease financial stress. Actionable steps are given to help shift from guilt-ridden spending to valuing what you spend.
00:00 Introduction to Spending Emotions
01:17 Client's Spending Struggles
04:38 Shifting Spending Perspectives
07:55 Overcoming Self-Criticism in Financial Decisions
09:05 Building Motivation Through Defining Values
10:35 Aligning Spending with Your Values
13:10 Exploring Financial Purpose and Goals
15:47 Align Spending with Values for a Guilt-Free Life
Episode 68 - How My Client Learned To Spend More On Herself
The Retirement Vault
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To have a happy and successful retirement takes more than just enough money. In this episode, I discuss three common retirement gaps that could lead to disappointment and boredom in retirement. Beyond the financial side, itβs essential to plan for your dreams, desires, goals, and hobbies. These gaps can greatly impact the quality of your retirement, and addressing them now will help shape a fulfilling and secure future.
00:00 Introduction to Retirement Planning
00:54 The Importance of a Clear Retirement Vision
02:08 Planning Activities for a Fulfilling Retirement
07:35 Understanding the Financial Impact of Retirement Goals
10:47 The Need for Adequate Cash Savings
13:28 Conclusion and Next Steps
Resources Mentioned in the Episode
The Retirement Vault
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Will I run out of money in retirement? Itβs a question many people ask in one form or another. In todayβs episode, I explore why this question lingers in your mind and how you can shift your thinking to trust that youβll be financially secure. Weβll dive into how your past financial behaviors may be fueling this fear, and more importantly, the steps you can take to break free from that mindset, empowering you to step confidently into a successful retirement.
00:27 Client Story: Facing Retirement Fears
04:11 Common Concerns: Is It Going to Be Enough?
07:25 Defining Your Retirement Vision
09:29 Connecting Vision to Finances
10:37 Client Success Story: Shifting Beliefs
11:55 Take Action: Make Retirement Possible
Resources Mentioned in the Episode:
Retirement Readiness Checklist
Free Retirement Vision Session
Financial Freedom Accelerator
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In this episode, I explore the common reasons why people hesitate to invest in themselves and share the story of a client who waited five years before taking action, highlighting the significant impact of that delay. I also dive into the concept of opportunity cost, the advantages of compound interest, and strategies for managing debt.
Additionally, I explain how financial coaching can offer clarity, create structured plans, and build the confidence needed to help you reach your financial goals.
00:00 Introduction: Why Do We Delay Getting Help?
00:29 Common Reasons for Delaying Self-Investment
01:06 The Financial Concerns of Investing in Yourself
02:07 Client Story: Overcoming Financial Delays
04:06 Understanding Opportunity Cost
08:08 The Benefits of Financial Coaching
Mentioned in Episode:
Financial Freedom Accelerator
Budget Breakthrough Call
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In this episode, I share what you can expect inside of the Make Retirement Possible membership.
The membership offers recorded trainings, worksheets, and a monthly live Q&A session to help members effectively plan their retirement. The experience is self-led and I share how to level up that self-led experience with support from myself, as well as how much time you should expect to spend in the membership each month to get the desired results.00:00 Introduction to Make Retirement Possible Membership
00:47 Membership Details and Benefits
02:17 Step-by-Step Guide to Retirement Planning
02:38 Mastering Cash Flow
03:37 Defining Retirement Goals
04:31 Creating a Retirement Budget
06:25 Building a Solid Savings Plan
07:40 Managing Debt in Retirement
08:35 Understanding Social Security, Pension, and Medicare
12:13 Conclusion and Final Thoughts
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If youβre ready to break free from the emotional and financial patterns that have held you back, this conversation is for you.
Angela Turpin shares powerful insights into healing money-related trauma and offers practical steps you can take today to create a healthier relationship with your finances. Youβll discover how decluttering can clear both your physical and emotional space, empowering you to invest in yourself and your future.
Tune in to learn how to transform deep-rooted trauma into a source of strength and start building the financial freedom you deserve.00:52 Money Healing Series
04:39 Common Misconceptions About Money Healing
07:03 Practical Steps for Money Healing
09:33 Decluttering and Its Impact on Money Healing
12:59 Angela's Transformational Coaching
17:15 Advice for Those Struggling with Trauma
21:05 Conclusion and Final Thoughts
Mentioned in the Episode:
Transformwithangela.com
Money Healing Series
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In todayβs episode, I dive into the importance of tracking expenses and how it is a crucial step toward retirement. Tracking helps build awareness and is essential to truly understanding your spending. Itβs time to embrace tracking to better understand and improve your spending habits, but donβt make it a chore either. There are several suggestions on how to approach tracking and learning to leave the check register style of tracking for good.
00:20 The Importance of Tracking for Retirement
01:13 Ineffective Tracking Methods
02:06 Personal Stories of Effective Tracking
05:41 Tracking for Goal Setting
08:19 Practical Tracking Tips
Mentioned in Episode:
Make Retirement Membership Possible
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Today I am exploring the idea of financial stability and specifically answering the question: What is financial stability and why is it so crucial to retirement?
Are you worried about running out of money in retirement? Not having enough savings? Are you worried about health care costs? Are you worried about being able to just support yourself and being able to get to retirement?
I discuss what financial stability means, the significance of liquid savings, and the necessity of preparing for emergencies to protect the ability to retire when you desire. I also share personal insights and discuss the importance of building a financial safety net to avoid debt and stress in the future.
00:18 Defining Financial Stability
01:01 Real-Life Examples and Client Stories
02:56 The Importance of Emergency Funds
06:53 Creating Financial Stability
09:33 Preparing for Retirement
12:51 Conclusion and Final Thoughts
Mentioned in the Episode
Make Retirement Possible Membership
Financial Freedom Accelerator 90-Day Coaching Program
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In this episode, I discuss common reasons why many feel unprepared for retirement. The real culprit isnβt what you think it is. Learn the psychological and practical aspects of retirement as well as the steps needed to close the gap between your current financial situation and your retirement goals.
00:00 Why You Feel Unprepared For Retirement
01:34 Retirement Uncertainty Is More Than Just Finances
05:59 Understanding Your Current Financial Situation
07:47 Building Your Retirement Dream
12:11 How To Tie Those Together For Success
13:26 Free Gift and Final Thoughts
Mentioned in Episode:
Make Retirement Possible Membership
10 Essential Questions About Retirement
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In this episode, I dive into the idea of retirement, addressing limiting beliefs and why others perceptions are holding you back.
Personal beliefs and dreams about retirement are essential to making it happen. Key points include paying off debt, exploring part-time work, budgeting, and savings. Ultimately, the aim is to help listeners plan a fulfilling and personalized retirement.
00:00 Introduction: Can You Really Retire Early?
00:53 Challenging Retirement Beliefs
07:01 Financial Independence: Calculating Your FI Number
09:01 Budgeting for Retirement
11:44 Creating Your Retirement Vision
16:38 Steps to Close the Retirement Gap
17:49 Conclusion: Building Your Desired Retirement
Mentioned in Episode:
Make Retirement Possible Membership
Ep 51 Your Successful Retirement Can Be Found Beyond the Numbers With Craig Colvett
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In this episode, I interview Sherry, an ADHD money coach. Sherry shares her journey from losing her high-stress job of 17 years to becoming a specialized coach for ADHD entrepreneurs.
She discusses her 'two by four moment,' the importance of budgeting, the challenges of managing finances with ADHD, and strategies to mitigate impulse spending.
The conversation also covers the impact of ADHD on financial management, support systems, and the benefits of targeted savings accounts.
00:00 Introduction to Sherry, the ADHD Money Coach
00:32 Sherry's Two by Four Moment: The Turning Point
01:40 Navigating Financial Challenges After Job Loss
04:53 Focusing on ADHD Entrepreneurs
06:36 Common Financial Struggles for ADHD Individuals
08:37 Strategies to Manage Impulse Spending
11:21 Building a Budget for ADHD Minds
14:01 Supporting Loved Ones with ADHD in Their Financial Journey
17:36 Final Tips and Advice for ADHD Entrepreneurs
Connect with Sherry:
Instagram @moneymindsetfc
*Be sure to send her all your questions!!
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In this episode I interview my client Angela, who shares her transformative experience in my signature coaching program. Angela discusses her initial struggles with budgeting, the steps she took to overcome her financial challenges, and the positive impact of coaching had on her financial habits and lifestyle.
01:26 Interview Begins
01:38 Angela's Struggles Before Coaching
03:10 Realizing the Need for Help
08:24 Biggest Takeaways
10:58 Final Thoughts and Testimonials
Mentioned in Episode:
Schedule your 90-Minute Money Intensive Today! Learn more HERE
Financial Freedom Accelerator
Financial Freedom Jumpstart
Budget Breakthrough Call
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In this episode, I talk about the common misconception that budgeting is too restrictive. As I dive into this topic as so many times I have and others have, I share with you the true result my client was getting from not budgeting. Featuring insights from client experiences, I emphasize the significance of aligning your budget with personal values and desires. By exploring spending habits through tailored exercises, listeners are encouraged to shift their perspective on money management.
00:23 Balancing Fun and Financial Responsibility
03:08 Overcoming Budgeting Myths
05:06 Creating a Personalized Budget
07:16 Aligning Spending with Values
11:36 Empowering Your Financial Journey
16:16 Programs and Support
Subscribe to the Budget Breakthrough Pop-Up Podcast Series
Mentioned in Episode:
Signature Program
60 Day Program
Free Call
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In this episode, I discuss the common frustrations of budgeting and why so many individuals who are budgeting are not seeing success. While budgets are essential for outlining expenses and needs, they are not the action-oriented piece that drives financial progress. Listen to the episode to understand a budgetβs purpose and what action pieces need to be implemented to see success on your money journey.
00:00 Is Your Budget Failing You?
01:47 The Role of a Budget in Financial Planning
04:28 The Missing Pieces
05:48 Adapting to Modern Financial Management
11:40 Implementing the Cash Flow Success Method
14:48 Achieving Financial Stability
Subscribe to the Budget Breakthrough Pop-Up Podcast Series
Mentioned in Episode:
Free Call
Financial Freedom Jumpstart
Work With Me
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In this episode of the Wealthy After 40 podcast, I welcome Financial Coach, Elizabeth Rosenberg. Elizabeth is a former corporate finance professional and today she discusses her mission to empower parents to raise financially savvy children through her initiative 'Grow My Piggy'. She shares her experiences and offers practical advice on instilling positive money habits and mindsets in kids.
00:04 Meet Elizabeth Rosenberg: Financial Coach and Entrepreneur
00:13 Elizabeth's Journey: From Corporate Finance to Financial Education
01:25 The Importance of Early Financial Education
02:44 Practical Financial Lessons from Childhood
04:19 The Role of Parents in Financial Education
05:36 Key Financial Skills for Kids
10:02 Aligning Financial Decisions with Personal Values
13:38 Building Confidence in Financial Decisions
17:27 Practical Tips for Financial Conversations with Kids
24:09 Resources and Final Thoughts
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In this episode, I explore the pros and cons of automating your finances. I cover key areas like savings, investments, and debt repayment. I also share how to set yourself up for success by having a solid plan before automating.
00:00 Introduction: Is Automation the Answer for Better Finances?
00:27 Personal Story: My Cash Envelope System
01:52 Creating Your Own Financial System
02:30 Benefits of Financial Automation
04:21 Addressing Common Concerns and Misconceptions
07:26 Key Areas for Financial Automation
10:09 The Importance of Having a Plan
13:32 Conclusion: Is Automation Right for You?
Mentioned in the Episode:
Episode 003 - How Using Cash Envelopes Saved Us During Financial Crisis
Subscribe to the Budget Breakthrough Pop Up Podcast Series
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π©βπ» For any other questions, visit my website to get in touch directly. - Show more
