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Welcome to episode 239 of Love, your Money! In this episode, I’m joined by my good friend Sarah K. Peck, the founder and CEO of Startup Parent, a company focused on telling the stories of women's leadership across family and work. Her work has been featured in publications like Forbes, The New York Times, Harvard Business Review, and more.In today’s digital world and scrolling through our social media feeds, thoughts of “Keeping up with the Joneses” can be overwhelming. But have you ever stopped to ask yourself if the financial dream you’re pursuing is even your own?In today’s episode, Sarah breaks down how to set financial goals that are right for you and your life. You’ll also hear about how to stop worrying about money so much, how to create a healthy financial partnership with your spouse, and how getting clear about your intentions can help you clarify your questions about money and unpack your trauma.Here’s what you’ll find out in this week’s episode of Love, your Money:Why money is worthless witho

Welcome to episode 238 of Love, your Money! In this episode, I’m talking with Terri Cole, a licensed psychotherapist, global relationship and empowerment expert, and the author of Boundary Boss – The Essential Guide to Talk True, Be Seen and (Finally) Live Free. Terri is also the host of the highly popular and fantastic podcast, The Terri Cole Show. Setting boundaries can be a challenge for women. Being assertive is often seen as a negative, disguised under terms like “bossy” or “controlling”. But in reality, setting healthy boundaries is critical — especially when it comes to your money. In today’s episode, Terri shares the keys to setting effective boundaries in a way that improves your financial life and strengthens your relationships. You’ll also learn the steps to take for setting money boundaries, exercises for creating an open money dialogue with your spouse, and why identifying what you resent financially can be critical for financial empowerment. Here’s what you’ll find out in this week’s episode of

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 al

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 exp

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 die

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:

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 invest

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

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,

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

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 ne

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

Welcome to episode 227 of Love, your Money! Today, we’re back with a special Money Coaching episode that includes segments from a two-part coaching session with my client.The reality is, many people struggle with charging the rates they deserve. There are tough questions that don’t always have easy answers. Questions like: What should I charge my friends and family? How do I communicate an increase in my rates? How do I know what the market rate that I should be charging is if I’m providing a better service? In today’s episode, you’ll hear how I tackled those questions with one of my clients. You’ll walk away with a clearer idea of how to price your offers, how to win those negotiations, and how to raise your rates and keep your clients happy. *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:Charging friends and family for your workSetting the stage with my

Welcome to episode 226 of Love, your Money! In this episode, I’m joined by retirement expert Anne Lester. Anne’s 30-year career in finance is beyond impressive. She was the Head of Retirement Solutions at JP Morgan, where she managed $125 billion in target date assets and traveled around the country to share her expertise. Anne’s mission is to help others prepare for a secure and successful retirement. She’s a regular contributor to Bloomberg TV, CNBC, The Wall Street Journal, and The New York Times and is preparing to release her new book, “Your Best Financial Life.”In today’s episode, you’ll hear about the different “money types” and how to understand yours to save smarter. You’ll also hear how to clear the psychological hurdles of saving for retirement, actionable advice for building a healthy portfolio, and how to reshape harmful investing behaviors.Here’s what you’ll find out in this week’s episode of Love, your Money:Anne’s robust financial resumeWhy Millennials own less wealthRewiring your brain for de

Welcome to episode 225 of Love, your Money! This episode is a continuation of the opportunities that exist to save you, the business owner, money and headaches with proper tax planning and preparation. Or, in the words of today’s guest, “No April Surprises.”Tim Thompson is a CPA and Certified Profit First Professional. He enjoyed a 15-year career in manufacturing and operations with Fortune 100 companies and also owned a small family business. Now, he helps his clients understand their goals and creates comprehensive plans that reveal and diffuse income tax landmines before they suddenly appear.Today, we’ll discuss the biggest challenges that business owners face with income taxes and how planning throughout the year and not just before the tax deadline reduces stress about your tax bill. You’ll get great advice on how to become your tax professional’s favorite client and why AI, ChatGPT and social media shouldn’t be your “trusted” tax advisor.Here’s what you’ll find out in this week’s episode of Love, your M

Welcome to episode 224 of Love, your Money! In this episode, I’m showing you how to turn taxes from a hassle to an opportunity in just 20 minutes.For decades, I’ve helped clients optimize taxes for both themselves and their businesses. Today’s episode will teach you the legal planning opportunities you can consider utilizing every tax season instead of dreading it.You’ll get tips on determining the right legal structure for your business, how to handle deductions, and planning opportunities for making your life easier for future tax deadlines. Here’s what you’ll find out in this week’s episode of Love, your Money:The virtues of paying taxes The 3 phases of tax returnsThe tax importance of your business structureLegitimate tax deductions Different types of tax credits Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/tax-planning-opportunitiesFollow Hilary on:TwitterLinkedInInstagramFacebookYouTubeSubscribe to Love, your MoneyApp

Today, I’m sharing another Money Coaching session with one of my clients to give you actionable insights to grow your wealth.In this episode, my client and I dive into the financial nitty-gritty of her salon business as she focuses on growing her retirement assets in her mid-50s. You’ll hear about passing costs through to clients, insights for smarter IRA contributions, and balancing between maximizing your revenue and giving back to your employees and your community.If retirement is in the back of your mind — and you’re feeling behind — today’s episode might be just what you need. *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:The finances of my client’s salon businessGiving back vs. running a businessGetting clear about financial goalsA money journaling exercise What is your business really about? Acting as a mentor to your employees How to handle profi

Welcome to episode 222 of Love, your Money! In this episode, I’m talking with Stefanie Gass. Stefanie is a Christian business and podcast coach, boundary boss, boy mom, multi-six-figure CEO, and host of “Online Business for Christian Women,” a top 25 globally ranked business podcast. Stefanie’s mission is to help women grow their online businesses and make money online, using podcasting. In her 20s, Stefanie embraced the corporate grind. After making 6-figures by age 27, she transitioned to network marketing. Again, she worked her way up, reaching the top 1% of her company. But once Stefanie got there — she still felt empty. And she realized it was time for a change.Today, Stefanie and I discuss the pitfalls that come with tying your identity to your income. You’ll also hear about how to build a business that aligns with your purpose, how to create a simple (but effective) sales funnel, and why podcasting can be the answer to growing your presence, your business, and your client base. Here’s what you’ll find

In this episode, I’m talking with Cathy Heller, a remarkably impressive woman who has built an 8-figure spiritual teaching business and enjoyed tremendous success as an author, coach, and podcaster.Cathy’s podcast, “The Cathy Heller Show,” has 40 million downloads and has been featured in publications like Forbes, Huffington Post, and Inc. Magazine. Her guests include A-listers like Tony Robbins, Matthew McConaughey, Barbara Corcoran, Malcolm Gladwell, and Rachael Ray, just to name a few.Today’s episode is all about aligning your inner self to grow your wealth. You’ll hear about the self-perception and relationship challenges wealthy women face, how to turn your energy into a magnet for abundance, and the potential of shaping the world with your wealth.Here’s what you’ll find out in this week’s episode of Love, your Money:How Cathy became a spiritual teacherThe misconceptions many women have about moneyThe unexpected challenges of making more moneyHow to connect with the center of youWhat meditation practice

Welcome to episode 220 of Love, your Money! Today, we’re back with another Money Coaching episode to provide real-life insights and strategies to help you on your financial journey. In this episode, you’ll hear Part 2 of my Money Coaching session with my client Nicole. (You can listen to Part 1 here.) In today’s conversation, you’ll hear how to turn a practice that revolves around your personal brand into a business that provides the financial freedom you deserve. We talked about raising your rates to get paid what you deserve, different ways to offer your services, and how to save for the future when running a business that can’t be sold. If you’re a solopreneur that is looking to increase your bottom line and set yourself up for the future, this episode is for you!*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:Having a business vs. having a practice Dem