https://feeds.blubrry.com/feeds/3974346.xml If Money Were Easy https://podcast.show/3974346/ https://podcast.show/3974346/ Hosted by Neela Hummel, If Money Were Easy is a space where real, authentic conversations about money are the norm. Inspired by her work as CERTIFIED FINANCIAL PLANNER® professionals, Neela is rewriting the narrative episodic Neela Hummel true podcast en-us Copyright 2026 If Money Were Easy Copyright 2026 If Money Were Easy https://podcast.show/3974346/ https://assets.blubrry.com/coverart/orig/3974346-1783008534.jpg If Money Were Easy Hosted by Neela Hummel, If Money Were Easy is a space where real, authentic conversations about money are the norm. Inspired by her work as CERTIFIED FINANCIAL PLANNER® professionals, Neela is rewriting the narrative Blubrry Podcasting: https://www.blubrry.com/ false http://blogs.law.harvard.edu/tech/rss b2b4b50d-884c-5cb7-8afb-da08d1571185 Wed, 14 May 2025 08:00:00 +0000 Wed, 14 May 2025 08:00:00 +0000 Disaster-Proof Your Finances: What to Do Before Crisis Hits with Susan Olson 66 https://podcast.show/3974346/episode/154195516/ 154195516 ba0dd43e-d0e2-4e93-b514-8c7f7a8b4e48 Neela Hummel Wed, 14 May 2025 08:00:00 +0000 When a natural disaster strikes, the emotional and financial toll can be overwhelming, especially if you're unprepared. In this episode, Mary Beth and Neela are joined by Abacus financial advisor Susan Olson, CFP®, who shares practical steps you can take to safeguard your finances.

Drawing from her experience working with clients impacted by wildfires, Susan breaks down what you can do before disaster hits, from reviewing your insurance coverage and documenting your belongings, to building an emergency fund and creating an evacuation plan.

If you've been meaning to prepare but don't know where to begin, this episode can give you the tools and motivation to start.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:

  • Things to consider when reviewing and updating your insurance coverage
  • The importance of building a household emergency fund
  • Suggestions for creating evacuation plans (yes, even for pets and children's toys!)
  • Tips for digitizing your documents and organizing your accounts
  • How you can involve your kids and greater community in preparedness efforts
  • The power of the "do just one thing" approach to getting started

Resources Mentioned:

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]]> 0:32:03 false Disaster-Proof Your Finances: What to Do Before Crisis Hits with Susan Olson https://static.libsyn.com/p/assets/4/1/0/9/41099b465b04c131d959afa2a1bf1c87/If_Money_Were_Easy_Cover_Art_3000_x_3000-20250513-ivs74rnj7y.jpeg Wealth and Shame: The Discomfort of Having Money 65 https://podcast.show/3974346/episode/154195515/ 154195515 7436b1a8-8902-48f1-a550-86d1db5339f2 Neela Hummel Mon, 12 May 2025 08:00:00 +0000 Why doesn't having money necessarily feel good? In this episode, Mary Beth and Neela explore the complex emotions tied to wealth—whether it's guilt over having more, shame around not having enough, or discomfort with financial privilege. They unpack how money can affect identity, belonging, and relationships, and share tools to help you reframe your money story, build financial confidence, and align your wealth with your values.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:

  • How to understand the two sides of wealth shame: having too much vs. not enough
  • How comparison, identity, and belonging may fuel financial discomfort
  • The emotional and psychological effects of inherited wealth
  • How to develop financial confidence and reframe your money story
  • How to find purpose and impact through intentional money choices

Resources Mentioned:

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]]> 0:26:47 false Wealth and Shame: The Discomfort of Having Money https://static.libsyn.com/p/assets/c/f/f/3/cff3ee37f8faca17d959afa2a1bf1c87/If_Money_Were_Easy_Cover_Art_3000_x_3000-20250512-jw0kz7bcom.jpeg The Golden Bachelorette: Skipping Marriage for Love and Financial Independence 64 https://podcast.show/3974346/episode/154195514/ 154195514 c6b44077-2f9c-4977-8ce3-e17d37a5c4ac Neela Hummel Wed, 07 May 2025 08:00:00 +0000 When love blooms later in life, so do important money questions. In this episode of If Money Were Easy, Mary Beth and Neela discuss the financial realities of dating, cohabiting, and marrying after 40.

Inspired by the idea of the "Golden Bachelorette," they explore how second (or third) chapters can bring new challenges and new opportunities for building strong financial foundations. From prenups and estate plans to blending families, tune in for thoughtful insights and real-world examples you might use to open your heart while also protecting your finances.

Whether you're entering a new relationship, planning a second marriage, or supporting a parent stepping into a new chapter, this episode offers practical strategies to help navigate the intersection of love and money with confidence and clarity.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:

  • Why traditional financial "rules" don't always apply later in life.
  • How to protect your financial independence while building a relationship.
  • The importance of prenups, estate planning, and updated beneficiaries.
  • Managing money when blending families and raising kids from previous relationships.
  • How to have clear, empowering conversations about money, love, and boundaries.
  • How assembling a strong team (CPA, financial planner, attorney) can help.

Resources:

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]]> 0:28:22 false The Golden Bachelorette: Skipping Marriage for Love and Financial Independence https://static.libsyn.com/p/assets/5/1/0/6/5106dcda8173fbd6d959afa2a1bf1c87/If_Money_Were_Easy_Cover_Art_square-20250506-rg9o11eaqh.jpeg Insurance 101: Demystifying Life and Disability Policies with Mark Maurer 63 https://podcast.show/3974346/episode/154195513/ 154195513 2d3ecb96-bfc4-49db-aafb-4add9b3b7434 Neela Hummel Wed, 30 Apr 2025 08:00:00 +0000 When it comes to financial planning, insurance is an important piece of the puzzle. In this episode of If Money Were Easy, Mary Beth and Neela are joined by Mark Maurer, CFP®, President and CEO of Low Load Insurance Services (LLIS), to break down the complexities of disability and life insurance and shed light on what to consider when deciding what plan might be appropriate for you.

They discuss why so many people tend to avoid thinking about insurance, the psychological barriers that can keep people from planning ahead, the potential differences between group and individual insurance policies, and what to consider if you're self-employed, and more.

With decades of experience in the insurance industry, Mark's insights offer clarity and professional perspectives that can help you make informed decisions around your own insurance needs. Tune in for a comprehensive overview of the insurance landscape, and actionable tips.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:

  • Why insurance is essential, even when you hope to never use it
  • The differences between group and individual disability policies
  • How to identify coverage gaps—especially for high earners and entrepreneurs
  • The pros and cons of term vs. permanent life insurance
  • What "laddering" your life insurance means—and how it can save you money
  • When whole life insurance might actually make sense

Resources Mentioned on the Show:

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]]> 0:36:26 false Insurance 101: Demystifying Life and Disability Policies with Mark Maurer https://static.libsyn.com/p/assets/6/9/c/a/69ca00c9f36f955016c3140a3186d450/art_-_If_Money_Were_Easy_469kb.jpeg How to Pick a Financial Advisor That's Right for You 62 https://podcast.show/3974346/episode/154195512/ 154195512 6b92b5d6-7af6-44cb-b526-e5d62aaeb413 Neela Hummel Wed, 16 Apr 2025 08:00:00 +0000 Selecting a financial advisor can be a process, especially given the wide range of titles, credentials, and compensation models in the industry. In this episode, co-hosts and CERTIFIED FINANCIAL PLANNER® professionals Mary Beth Storjohann and Neela Hummel outline the factors to consider when choosing an advisor who aligns with your financial goals and values.

They explore the distinctions between various advisor designations, with a focus on the importance of working with a CERTIFIED FINANCIAL PLANNER® professional. They also cover the concept of fiduciary responsibility—why it matters, and how to assess if your advisor is acting in your best interest.

Additionally, Mary Beth and Neela discuss the different ways financial advisors are compensated, including commission-based, fee-only, and hybrid models, and how those structures can influence the advice you may receive.

Whether you're beginning your search or reevaluating an existing relationship, this episode offers valuable guidance to help you make well-informed decisions for your financial life today, and into the future.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:

  • The distinctions between various financial advisor titles and the significance of the CFP® designation.
  • The importance of choosing an advisor who is a fiduciary who prioritizes your financial well-being.
  • Different advisor compensation models like commission-based and fee-only, and their implications on advisory services.
  • The questions to ask during your first meeting with a potential advisor.

Resources Mentioned on the Show:

Stay Connected:

]]> 0:24:32 false How to Pick a Financial Advisor That's Right for You https://static.libsyn.com/p/assets/2/0/9/b/209b427a78e571f516c3140a3186d450/If_Money_Were_Easy_Cover_Art_3000_x_3000-20250414-0eeee44wot.jpeg How Do Interest Rates Influence Your Money? 61 https://podcast.show/3974346/episode/154195511/ 154195511 341a0b03-deba-41ae-9532-ca1ea09ff5e0 Neela Hummel Wed, 02 Apr 2025 08:00:00 +0000 What happens to your money when interest rates go up or down?

Join Mary Beth and Neela as they dive into the complex world of interest rates and the different ways they can impact your finances – from mortgages and savings accounts, to credit cards and business loans. They explore how the Federal Reserve's adjustments influence both the economy and individual financial decisions, and offer some historical context – such as the period following the 2008 financial crisis – to highlight how those lessons can still apply today.

Tune in for practical advice on how to navigate a changing interest rate environment, whether you're planning to buy a home, looking to refinance, or simply trying to manage your finances more effectively.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:

  • Why interest rates matter, and why you should care about them.
  • The effects interest rate fluctuations can have on saving, borrowing, and business.
  • How different types of debt, such as credit cards and mortgages, are impacted by interest rate changes.
  • Strategic considerations for homebuyers and business owners.

Resources Mentioned on the Show:

Stay Connected:

]]> 0:27:46 false How Do Interest Rates Influence Your Money? https://static.libsyn.com/p/assets/0/a/1/e/0a1efa6c5541029716c3140a3186d450/If_Money_Were_Easy_Cover_Art_3000_x_3000-20250327-c4xtyhho9d.jpeg New Year, Same You: Approach 2025 With Compassion 60 https://podcast.show/3974346/episode/154195510/ 154195510 cd4de4e5-9d6c-4267-bef6-1f9f9c593409 Neela Hummel Wed, 19 Mar 2025 08:00:00 +0000 How can you step into 2025 with compassion — and maybe even a little ease — in a world full of uncertainties? In this Season 3 kickoff episode, hosts Mary Beth Storjohann and Neela Hummel share thoughtful strategies for navigating both financial and emotional transitions as the new year gains momentum.

Focusing on presence and personal values, they explore the benefits of setting realistic, meaningful intentions instead of rigid resolutions and highlight the power of small yet impactful financial moves — like adjusting 401(k) contributions and reviewing expenses. They also offer insights on staying grounded amid external stressors, emphasizing the importance of paying attention to what you can control and finding peace with what's beyond your influence.

Plus, they dive into managing financial anxiety — especially in times of market fluctuations — encouraging a long-term, values-driven approach over impulsive, fear-based decisions. Tune in for practical tips, fresh perspectives, and an empowering start to the year!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:

  • The benefits of setting intentions over making resolutions for a more compassionate approach to the year.
  • Practical steps to take control of finances in the new year, including 401(k) adjustments and budget reviews.
  • Techniques for managing financial anxiety and the importance of aligning financial actions with personal values and goals.
  • The three questions Mary Beth is asking herself as she navigates this new year, as inspired by her recent Life Planning training course.

Resources Mentioned on the Show:

Stay Connected:

]]> 0:29:56 false New Year, Same You: Approach 2025 With Compassion https://static.libsyn.com/p/assets/f/1/d/2/f1d2452ad2cac808d959afa2a1bf1c87/If_Money_Were_Easy_Cover_Art_3000_x_3000-20250327-12rs9kqnmn.jpeg Season 3 Coming March 19th! https://podcast.show/3974346/episode/154195509/ 154195509 a5164f6d-be81-47f5-82ad-cabf21cc6e4a Neela Hummel Wed, 12 Mar 2025 06:00:00 +0000 If Money Were Easy is back! Season 3 begins on March 19th, and we couldn't be more excited.

Not only can you expect more of the honest money (and life) discussions we can't get enough of, but Season 3 has a new look and will be posted as video episodes on YouTube if you want some visuals with your finance banter.

Make sure you're following the show wherever you're listening so you don't miss any updates. And don't forget to sign up for the If Money Were Easy newsletter to get extra insights, deep dives, behind-the-scenes content, and opportunities to ask your own questions delivered straight to your inbox.

Looking forward to continuing these conversations with you!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Hear in this Episode:

Stay Connected:

]]> 0:02:14 false Season 3 Coming March 19th! https://static.libsyn.com/p/assets/e/3/9/7/e39782b06e8f71f6d959afa2a1bf1c87/If_Money_Were_Easy_Cover_Art_3000_x_3000-20250311-i024354v59.jpeg The Power of Gratitude in This Season with Spencer Sherman 59 https://podcast.show/3974346/episode/154195508/ 154195508 755405e7-d0c3-41be-b75c-19e3b2c8fa45 Neela Hummel Wed, 18 Dec 2024 07:30:00 +0000 In this episode special guest, Spencer Sherman, a celebrated financial advisor, author, and co-founder of Abacus Wealth Partners, shares his insights on integrating mindfulness into money management. Spencer explains that practicing gratitude can help with decision-making by reducing the tendency to ruminate over negative experiences. He discusses human survival wiring, which naturally directs attention to potential threats, leading people to dwell on negatives like critical emails or market losses.

Throughout the discussion, various practical examples of incorporating mindfulness are provided. The concept of "microdosing" mindfulness is introduced as a way to build a more consistent practice. The conversation also highlights the need to recognize and sit with challenging emotions rather than trying to immediately fix them. The episode concludes with a gratitude meditation led by Sherman, focusing on appreciating current abilities and relationships while recognizing that others may feel grateful for us as well. Join us today and hear how you can practice mindfulness in your life!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Why humans are naturally wired to focus on the negative and how we can rewire that thought process
  • The importance of practicing gratitude in our daily lives
  • How to use mindfulness to shift your thinking around finances
  • The best way to approach gratitude, and it shouldn't be on a To-Do list
  • The reason those little moments of mindfulness can be the most impactful
  • Why it is critical to recognize gratitude within your community and how that can foster interconnectedness
  • A better approach to handling negative emotions
  • How to shift your thinking from desires to appreciation (and the positive impact that can have on your life)
  • An impactful way of breaking negative patterns to open new possibilities
  • An understanding of how to realistically view your problems and how to reduce overreactions to negative events
Resources: Stay Connected: ]]> 0:38:11 false The Power of Gratitude in This Season with Spencer Sherman https://static.libsyn.com/p/assets/8/9/6/4/8964cfc34225c2c3d959afa2a1bf1c87/59._The_Power_of_Gratitude.png We're 40. Here's What We're Looking Forward to Financially Over the Next Decade 58 https://podcast.show/3974346/episode/154195507/ 154195507 79af7c2b-9dd9-48ed-b2de-4c52e55aaa11 Neela Hummel Wed, 04 Dec 2024 07:30:00 +0000 Today's episode dives into the financial aspirations and strategies for the next ten years as both hosts reflect on reaching the milestone age of 40. They explore the importance of investing in community and relationships beyond family ties, the excitement of aging with close friends, and nurturing valuable relationships despite busy schedules. They also address common financial anxieties, the concept of feeling behind financially, and provide practical tips on financial planning. Join Mary Beth and Neela as they blend thoughtful financial advice with personal anecdotes, offering a look into the financial landscape of their 40s and beyond.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The importance of have long-term meaningful friendships
  • How to face the idea of feeling financially behind
  • The first step you can take if you're feeling financially behind
  • Why you need an emergency fund and how much you should be stashing away
  • How the debt cycle can negatively impact you
  • The reason you shouldn't put all your financial eggs in one basket
  • Understanding how to get compound interest to work for your investments
  • A few items to focus on as you cruise through your 40s
  • Why accountability is essential to improve personal and financial health
  • How to find the balance between financial discipline and enjoying life
Stay Connected: ]]> 0:32:59 false We're 40. Here's What We're Looking Forward to Financially Over the Next Decade https://static.libsyn.com/p/assets/c/1/8/b/c18b3021edad07d2bafc7308ab683e82/58._Were_40._Heres_What_Were_Looking_Forward_to_Financially_Over_the_Next_Decade.png Money Lessons for Our Sons 57 https://podcast.show/3974346/episode/154195506/ 154195506 90d0149e-89be-4aac-902e-f5d39b2d6895 Neela Hummel Wed, 20 Nov 2024 07:30:00 +0000 What are the unique financial and societal challenges that young men face today? From the significance of developing strong social and emotional skills to understanding the difference between investing and gambling, Mary Beth and Neela offer actionable insights and personal anecdotes. The hosts discuss societal pressures on young men during their "grind years," emphasizing the value of patience and face-to-face social interactions. They share personal stories from their own experiences raising children, highlighting the importance of early financial education and emotional awareness. The conversation also touches on gender-specific financial teachings, the balance between societal expectations and personal values, and the importance of open communication in relationships. Tune in to learn how to cultivate these skills in your children, and how to help them grow up to be well-rounded and financially savvy individuals.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Some of the social and emotional challenges that young men face today
  • Why those face-to-face interactions are so crucial in developing social skills
  • Comparing communication skills and regular exercise
  • The importance of teaching children about emotional awareness at a young age
  • Some societal norms that impact how men respond in relationships and around money
  • Understanding the financial aspect when choosing your life partner
  • Comparing and contrasting gambling and long-term investing
  • The one thing most people need when it comes to their finances in this fast-paced world
  • How your financial behaviors can impact and influence your children's financial behaviors
  • Why it is critical to understand privilege and how to use it positively
  • How a lesson on gratitude can benefit your little ones

Resources Mentioned on the Show: Stay Connected: ]]> 0:31:55 false Money Lessons for Our Sons https://static.libsyn.com/p/assets/4/b/c/5/4bc5a8c04eea814c27a2322813b393ee/57._Money_Lessons_for_Our_Sons.png Navigating Parents' Aging and Financial Care: Lessons from A Personal Journey with Kathryn Peyton https://podcast.show/3974346/episode/154195505/ 154195505 b8f46afa-2c53-4871-8529-b28d3ce990e3 Neela Hummel Wed, 06 Nov 2024 07:30:00 +0000 Today's episode features a special guest who brings a wealth of experience both professionally and personally. Kathryn Peyton, a CERTIFIED FINANCIAL PLANNER™ with Abacus Wealth Partners since 2016, joins us to share her invaluable insights on managing the role of an executor. We'll dive into Kathryn's personal journey, where she combines her professional expertise with real-life experiences, such as caring for her aging mother. Kathryn will discuss the significance of car rides and open conversations with elder family members, the financial and emotional investment of being an executor, and insights on how to prepare for and manage this crucial role. Join us to explore how to navigate the complex yet rewarding responsibilities of being an executor with our esteemed guest, Kathryn Peyton.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode
  • The role of a geriatric care manager and the benefit it can have to your elder and you
  • A few ideas on how to balance personal and caregiving roles
  • How to foster open and meaningful conversations with your elders
  • How to create space and opportunities for elders so you can learn more about them and their wishes
  • The importance of having open communication when it comes to end-of-life desires and planning
  • A few tips on how to alleviate stress on the elder and on you as the executor
  • A few things you should keep in mind if you are named someone's executor
  • The importance of having accounts designated as "pay on death"
  • The time commitment as an executor
  • What you can do to make your work as an executor streamlined before the person's passing
Resources Mentioned on the Show Stay Connected ]]> 0:33:29 false Navigating Parents' Aging and Financial Care: Lessons from A Personal Journey with Kathryn Peyton https://static.libsyn.com/p/assets/2/2/5/0/2250bf2c245aab9727a2322813b393ee/56._Navigating_Parents_Aging_and_Financial_Care_Lessons_from_A_Personal_Jourey_with_Kathryn_Peyton.png Money Lessons for Our Daughters 55 https://podcast.show/3974346/episode/154195504/ 154195504 ec9a568c-4b86-4b63-85fa-f84cd36996c1 Neela Hummel Wed, 23 Oct 2024 06:30:00 +0000 In this episode, we discuss money lessons for our daughters and explore the crucial role of financial awareness, the importance of self-reliance, and the evolving financial roles of women in society. We'll share personal anecdotes, discuss historical contexts, and emphasize the importance of modeling positive financial behaviors for the next generation. We believe that money isn't just a tool for daily transactions—it's power. It's the key to independence, freedom, and making informed choices. Whether it's managing household finances, advocating for oneself, or navigating power dynamics in relationships, these lessons are vital for our daughters to learn early and understand deeply.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The importance of understanding where your money goes and how to make it work for you
  • Why self-reliance is so importance when it comes to your finances
  • The reason we, as parents, need to model positive financial behaviors for our children
  • The misnomer regarding women and math and why gender bias in academia needs to be eliminated
  • How women advocating for other women can impact your finances
  • What conversations need to happen when couples have income differences
  • When planning for your future, have you thought about these things?
  • The best way to respond when you make a mistake
  • Why you must believe in your abilities and validate your own worth
  • How to advocate for change to make sure you have a seat at the table
Resources Mentioned on the Show: Stay Connected: ]]> 0:31:47 false Money Lessons for Our Daughters https://static.libsyn.com/p/assets/a/a/5/4/aa54cbbeeffac77ae55e3c100dce7605/55._Money_Lessons_for_our_Daughters.png Marriage and Money: Is a Prenup Right For You? with Terry Steen 54 https://podcast.show/3974346/episode/154195503/ 154195503 5ad35919-a8f0-44e2-887b-aab2fed74471 Neela Hummel Wed, 09 Oct 2024 06:30:00 +0000 In today's episode, we explore the often-misunderstood topic of prenuptial agreements (prenups). Joining us today is our esteemed guest, Terri Steen, an experienced family law attorney and mediator who has been practicing family law in Los Angeles since 2009. We'll explore the phases of prenuptial agreements, their impact on communication and empathy in relationships, and what makes for successful prenup negotiations. We'll also touch upon the importance of postnuptial agreements, legal obligations for immigrant spouses, and the complexities of commingling finances. And of course, we'll share Terri's personal insights and experiences that shed light on why prenups can be a vital tool for protecting individual assets and ensuring financial clarity in marriage.

So, whether you're considering a prenup, navigating financial discussions with your partner, or simply curious about the legal and emotional facets of marriage and money, stay tuned—this episode is packed with valuable insights and practical advice.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The importance of have open money conversations early in your relationship
  • The three phases of prenuptial agreements and how to navigate the potential emotional challenges
  • How to talk about financial history and future financial planning in your relationship
  • Why prenups should come from a mutual understanding
  • The reason understanding legal obligations around finances and marriage is important in your relationship
  • How to maintain separate properties and some of the rules around community property
  • How often you should be looking and updating your prenuptial agreement
  • A reason to seek legal counsel before marriage
  • The fundamental principal to achieve financial stability while making sound financial decisions
  • The stigmas surrounding prenups
Stay Connected: ]]> 0:41:17 false Marriage and Money: Is a Prenup Right For You? with Terry Steen https://static.libsyn.com/p/assets/5/e/7/8/5e78359e3c2d368c27a2322813b393ee/54._Marriage_and_Money_Is_a_Prenup_Right_For_You_with_Terry_Steen.png Preparing for the Death of a Loved One with Jana Davis 53 https://podcast.show/3974346/episode/154195502/ 154195502 464990ed-0ef4-4b35-b80b-b6a2d464f69b Neela Hummel Wed, 25 Sep 2024 06:30:00 +0000 While not always an easy conversation to have, talking and preparing for the death of a loved one is incredibly important. On this week's episode, we're joined by Jana Davis, a financial advisor at Abacus Wealth Partners, who specializes in working with octogenarians and people in their later chapters of life. Jana's approach to financial planning is rooted in empathy and radical candor, making sure that elderly clients are treated with the respect and dignity they deserve. Today, we'll be diving into the importance of having open and honest conversations with our aging family members, making comprehensive plans well ahead of time, and the necessity of having a strong support team in place. Tune in as we explore the critical steps in end-of-life planning and share advice on how to handle these conversations with care and empathy.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The best way to handle the conversation around finances and health care planning for elderly family members
  • What to consider when talking about fears and concerns for those elderly family members
  • The best time to start planning for the death of a loved one and some signs to look for
  • A few key pieces of information to generate (if they haven't been already) to make for efficient and effective planning
  • What to ask for when understanding the person's financial portfolio
  • Some of the trusted advisors to have on the team as you and your elderly family member navigate these waters
  • Why estate planning and expense management is crucial as end-of-life approaches
  • The importance of involving your children for the parents' financial affairs
  • How to guard again scams and elder abuse
  • Why a balance between empathy and logic in financial planning must be used
Stay Connected: ]]> 0:35:31 false Preparing for the Death of a Loved One with Jana Davis https://static.libsyn.com/p/assets/2/2/5/2/2252c84d1c8930dfe55e3c100dce7605/53._Preparing_for_the_Death_of_a_Loved_One.png Tax Planning for Entrepreneurs with Tiffany Vaught 52 https://podcast.show/3974346/episode/154195501/ 154195501 1a301840-05f4-4606-8cd8-0c647f9a42c9 Neela Hummel Wed, 11 Sep 2024 06:30:00 +0000 Today, we're diving into a topic that can make or break a business—tax planning for entrepreneurs. In this episode, we're excited to have Tiffany Vaught join us. Tiffany is not just any CPA; she's a Certified Exit Planning Advisor (CEPA®) for small business owners, the CEO of Incurio, LLP, and the co-founder of Something Artists. With her entrepreneurial spirit and extensive experience, Tiffany brings a wealth of knowledge about proactive financial planning and tax strategies that can help you navigate your business journey with confidence.

We'll discuss tax planning essentials—whether you're a sole proprietor or contemplating making an S Corp election, the significance of maintaining accurate records, and Tiffany's insights on the IRS's increasing use of AI for audits. We'll also touch on how unique income streams and expenses, like those from influencers, or complex real estate investments, play into your tax planning. So, whether you're a seasoned entrepreneur, a solo consultant, or just starting out, join us!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • How a CPA can help provide financial solutions in your business
  • When to do your own accounting and when to hire a professional
  • The importance of understanding basic accounting to facilitate planning and tax filings
  • Why accurate and timely bookkeeping is crucial for business strategy and financial planning
  • How frequently you should be checking your business books and why
  • A key to long-term business stability
  • The best way to improve cash flow management and mitigate unforeseen financial challenges
  • How to shift your operations from hand-to-mouth to forward-looking financial health
  • What you need to be strategic with cash flow management and acquiring lines of credit
  • Understanding how entrepreneurs can avoid crises and optimize growth strategies
Resources Mentioned on the Show: Stay Connected: ]]> 0:43:02 false Tax Planning for Entrepreneurs with Tiffany Vaught https://static.libsyn.com/p/assets/1/f/5/e/1f5e5de7d9d8420f27a2322813b393ee/53._Tax_Planning_for_Entrepreneurs.png Is Homeownership Still Part of the American Dream 51 https://podcast.show/3974346/episode/154195500/ 154195500 e5c028e4-f05b-42e6-a1af-a3a681ae45d4 Neela Hummel Wed, 28 Aug 2024 06:30:00 +0000 In today's episode, we tackle a significant question: Is Homeownership Still Part of the American Dream? It's a complex topic, influenced by changing economic landscapes, psychological factors, and the ever-evolving housing market. We'll explore the benefits and challenges of homeownership, discuss current market conditions, and offer practical advice for those considering whether to own real estate as part of their financial journey. Tune in as we help you understand whether homeownership should still be a dream you aspire to—or if there are other paths to financial success worth considering.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The evolution of homeownership as part of the American Dream
  • Why older generations have benefited more from the housing market
  • The impact high-interest rates are having on the housing market
  • How supply and demand are sharping the housing market
  • Discussing the question of whether you should buy or rent
  • The current economic impact that is occurring across multiple industries because of the shift in the housing market
  • How to balance a home down payment with your other financial goals
  • Who you should consider having on your team if you are interested in buying a home and the impact a good team can have
  • A few things to think about when looking at a house as a long-term investment
  • Why it's important to look to the future when thinking about becoming a potential homeowner
Stay Connected: ]]> 0:27:34 false Is Homeownership Still Part of the American Dream https://static.libsyn.com/p/assets/d/a/7/b/da7bd4c4a8db39c427a2322813b393ee/51._Is_Homeownership_Still_Part_of_the_American_Dream.png Why You Need a Village to Get Through Parenthood 50 https://podcast.show/3974346/episode/154195499/ 154195499 b218d3df-ba65-4753-bf6d-cea863066938 Neela Hummel Wed, 14 Aug 2024 06:30:00 +0000 Raising kids takes a village. As the old saying goes, it really does take a community to support parents, especially in this day and age of over-scheduled lives and demanding careers. Having a tribe you can lean on makes all the difference. In this episode, Mary Beth and Neela get real about their own experiences relying on their village. They touch on topics such as the importance of building a community, learning how to ask for help, even when it's uncomfortable, navigating the pressure to "do it all" as working moms, and how investing in your village pays dividends for your family and your career.

So let's get ready for an honest conversation about needing your people to get through this wonderful, exhausting journey called parenting. Let's dive in!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Why building a supportive community is crucial for navigating parenthood
  • Where to look for valuable support and resources
  • The importance of asking for help and being vulnerable
  • Individuals you can lean on for much-needed breaks
  • How to attack parenthood through delegation
  • The best way to navigate summer activities and camps for children
  • Outside-the-box ways to invest in relationships and support each other
  • The one word that can help avoid overcommitting and allow you to maintain a healthy life balance
  • The encouragement you can provide your children to assist with additional support
  • Why it's important to cultivate a diverse and supportive community, for you, for your family, for your career and for your financial future
Stay Connected: ]]> 0:30:38 false Why You Need a Village to Get Through Parenthood https://static.libsyn.com/p/assets/c/0/7/9/c0796f57a11f8167e55e3c100dce7605/50._Why_You_Need_a_Village_to_Get_Through_Parenthood.png Financial Planning for Inheritors with Daria Victorov 49 https://podcast.show/3974346/episode/154195498/ 154195498 16ee591e-3d89-461c-8e0e-3683f603a3f8 Neela Hummel Wed, 31 Jul 2024 06:30:00 +0000 Today, we're joined by a special guest, Daria Victorov, who is a financial advisor at Abacus Wealth Partners, and specializes in working with young professionals in tech and those who have come into wealth at a young age. Join us as we dive into the topic of financial planning for young inheritors. We'll explore the unique challenges and opportunities faced by those who come into wealth early in life, and Daria will share her insights on how to navigate this complex journey. Whether you're a young inheritor yourself or simply curious about the financial dynamics of inherited wealth, this episode is packed with valuable information and practical advice.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • How Daria got into the niche of working with young inheritors
  • The age demographic of a "young inheritor" and a few things they struggle with
  • When inheritors typically come to seek guidance from a financial advisor
  • The approach many inheritors take after inheriting wealth
  • Why managing money is important for everyone, regardless of your income level
  • The emotional and social struggles young inheritors face
  • Why some young inheritors struggle with lifestyle adjustments
  • Some of the initial responses financial advisors see with the inherited money
  • How family dynamics play when it comes to inheritance and trusts and how an independent party can help navigate those family dynamics
  • How long it can take some to create a build financial confidence
Stay Connected: ]]> 0:27:06 false Financial Planning for Inheritors with Daria Victorov https://static.libsyn.com/p/assets/8/e/f/b/8efb7ee4867757b6e55e3c100dce7605/49._FInancial_Planning_for_Inheritors_with_Daria_Victorov.png The AI Tools You Should Know About As a Consumer with Gabe Brenner 48 https://podcast.show/3974346/episode/154195497/ 154195497 8d4fce56-3bb5-4c73-8d1c-32278d78ef24 Neela Hummel Wed, 17 Jul 2024 06:30:00 +0000 In today's discussion, we're diving into the world of artificial intelligence and its implications for consumers. We're joined by Gabe Brenner, a financial advisor at Abacus Wealth Partners, who shares his perspective on the integration of AI tools in financial planning and everyday life. Gabe will walk us through the potential and practical uses that AI holds, from boosting productivity to navigating complex information effortlessly, and even aiding in our creative ventures. We'll also discuss the dual nature of AI, covering both its benefits and potential risks, including AI-driven scams and the necessary precautions to protect ourselves against them. Gabe will share some of his recommended AI tools and his experiences with them. By the end of this episode, you'll have a clearer understanding of how to leverage AI effectively, its importance in our rapidly evolving technological landscape, and ways to safeguard yourself against its potential pitfalls!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Understanding the basics of AI tools and how they show up in the consumer market
  • How to use AI for creative tasks effectively
  • Leveraging some of the AI tools out there (and which one is best for different tasks)
  • The impact AI is having on several careers and industries
  • Gabe's top 4 AI tools
  • Why it's important to verify the data obtained from AI
  • Some of the potential risks and scams and how to implement security measures
  • Some of the upcoming advancements in AI
  • A few of the companies that are working to keep AI ethical and use it for good
  • A discussion on how AI is being integrated into educational processes
  • Why consumers should integrate AI into their daily tasks for better outcomes

Resources Mentioned on the Show: Stay Connected: ]]> 0:37:17 false The AI Tools You Should Know About As a Consumer with Gabe Brenner https://static.libsyn.com/p/assets/8/a/6/0/8a6088af688caf3227a2322813b393ee/48._AI_Tools_You_Should_Know_About.png How to Be a Conscious Consumer and Investor with Kate Barron-Alicante 47 https://podcast.show/3974346/episode/154195496/ 154195496 b3133a02-b365-40cc-a6b7-1084e9655749 Neela Hummel Wed, 03 Jul 2024 06:30:00 +0000 Today, we bring on Kate Barron-Alicante, Director of Impact and Financial Advisor at Abacus Wealth Partners. Kate is here to guide us on a journey to becoming conscious consumers and investors. She'll share her insights on aligning our spending and investment decisions with our deeply held values, making mindful choices that do more than just serve our immediate needs—they help to sustain the communities and the planet we care about. In this episode, Kate will walk us through her own experience and offer practical, personalized steps to initiate meaningful change. We'll explore the concept of B Corps, explore the importance of impact reports, and discuss the broader implications of our financial decisions, from everyday purchases to the banks we choose. By the end of our conversation, you'll have a better understanding of how to evaluate companies on their treatment of workers, environmental practices, and social impact—so you can make choices that reflect what matters most to you. So let's jump in and get started!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • What is meant by conscious consumerism
  • Why we should pause, slow down, and be mindful of our spending decisions
  • What Impact Spending is and how to maximize your conscious consumerism impact
  • Where to start to build conscious consumer habits
  • How to tailor your conscious consumer decisions based on your personal life
  • Some criteria to use when searching for ethical companies
  • B Corp explained and the impact these companies have
  • How to read and analyze a company's impact report
  • Why you should focus on being 1% better on your conscious consumerism
  • Other industries to include in your conscious consumer choices to leverage a collective impact in the world
Resources Mentioned on the Show: Additional Resources: Stay Connected: ]]> 0:34:26 false How to Be a Conscious Consumer and Investor with Kate Barron-Alicante https://static.libsyn.com/p/assets/6/0/1/3/60131a78386e71b827a2322813b393ee/47._How_to_Be_a_Conscious_Consumer_and_Investor_with_Kate_Barron-Alicante.png Winning the Credit Card Game: Making Sense of Perks 46 https://podcast.show/3974346/episode/154195495/ 154195495 4f30a3fb-229f-4894-aee4-c4b5a9054221 Neela Hummel Wed, 19 Jun 2024 06:30:00 +0000 Today we're exploring a topic that excites many and mystifies others:Credit Cards. Learn how to make your credit cards work for you! From understanding the perks to making sense of rewards, we'll guide you through the ins and outs of maximizing your credit card benefits. Whether you're a seasoned cardholder or just starting out, this episode is packed with insights to help you leverage your credit cards effectively. Mary Beth and Neela give insight into how they use their credit cards to maximize the offered benefits. Let's jump right in and decode the credit cards and ways to be a strategic credit card holder.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • How to figure out the best credit card for you based on your lifestyle
  • Understanding the different types of rewards and where they can fit into your plan
  • The best way to balance annual fees and rewards
  • How many credit cards should you have?
  • If you are paired up, how to approach the credit card game with your significant other
  • Some good practices to follow to avoid hits on your credit score
  • A great way to maximize the benefits from the cards you currently have
  • What positively and negatively impacts your credit score (and how it all works)
  • A few tools and resources to use when exploring the credit card game
  • The best way to utilize credit cards responsibly
Stay Connected: ]]> 0:26:09 false Winning the Credit Card Game: Making Sense of Perks https://static.libsyn.com/p/assets/5/b/5/5/5b55dc1b65ba1ab427a2322813b393ee/47._Winning_the_Credit_Card_Game.png Financial Planning for Families with Young Kids with Emily Benedetto 45 https://podcast.show/3974346/episode/154195494/ 154195494 2c218490-d8e2-44e8-8211-c59af2b98577 Neela Hummel Wed, 05 Jun 2024 06:30:00 +0000 Today, Mary Beth is joined by Abacus advisor, Emily Benedetto to discuss financial planning for families with young kids. Emily brings a wealth of knowledge and practical advice for young parents grappling with the new financial responsibilities that come with expanding their family. Mary Beth and Emily discuss everything from managing emergency funds, life insurance, the importance of discussing money openly, to how to save for your children's future. Whether you're expecting your first child or navigating financial planning with little ones running around, this episode is packed with valuable insights.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The reason having an emergency fund is a necessity, especially with young kids
  • Some savings adjustments you can make to continue to focus on your financial goals and meet the needs of your littles
  • Two things you should take care of within the first year child's life
  • How to manage the cost of childcare and other options to consider
  • When right time is to be thinking about your kids' college savings
  • The importance of revisiting your financial plan once your child has been born
  • Ways to make ends meet without breaking the bank
  • Adjustments you can make to your financial decisions, so it doesn't feel like you've pushed your financial goals aside for your kid
  • The importance of having open discussions with your partner about money
Resources Mentioned on the Show: Stay Connected: ]]> 0:36:15 false Financial Planning for Families with Young Kids with Emily Benedetto https://static.libsyn.com/p/assets/7/4/e/4/74e4a136e4a8364de5bbc093207a2619/44._Financial_Planning_for_Families_with_Young_Kids.png Investing 101: Wall Street without the Jargon 44 https://podcast.show/3974346/episode/154195493/ 154195493 5d2619ca-f60a-4f3a-b048-086f6734ad16 Neela Hummel Wed, 22 May 2024 06:30:00 +0000 In today's episode, Mary Beth and Neela demystify the world of investing. They explore the crucial differences between saving and investing, underscore the importance of starting early to take full advantage of compound interest, and explain why diversification is your best defense against market volatility. Whether you're a seasoned investor or just starting out, this episode will equip you with the knowledge to make wise investment decisions and set you on the path to financial security. Get ready to transform the way you think about money, as we break down complex financial concepts into easy-to-understand language. Let's dive into the basics of investing and learn how to let your money work for you!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The best way to leverage the power of compound interest and maximize wealth accumulation
  • Inflation explained and how to outpace it
  • Why diversification is so crucial to your financial success
  • How to approach your emotions around investing
  • The reason to focus on long term planning for your investments
  • Sorting out the differences between saving and investing
  • How to evaluate and understand your risk tolerance
  • The best way to get started on your investment journey
Stay Connected: ]]> 0:29:15 false Investing 101: Wall Street without the Jargon https://static.libsyn.com/p/assets/c/6/0/2/c602d428f251808827a2322813b393ee/44._Investing_101-_Wall_Street_without_the_Jargon.png Truth and Lies About Retirement Planning 43 https://podcast.show/3974346/episode/154195492/ 154195492 106a4d37-3423-4c45-b6d4-cfa3439be6a1 Neela Hummel Wed, 08 May 2024 06:30:00 +0000 In today's episode, Mary Beth Storjohann, CFP® and Neela Neela Hummel, CFP® dive into common misconceptions and hidden truths about retirement planning. They unpack quotes and beliefs about retirement, investing, and saving, providing clarity on important financial concepts that directly impact your retirement future. Tune in to see if you know which of these sayings are true and which ones are lies!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Why you should examine your retirement plan before approaching retirement age
  • Why it's important to start early when saving and investing
  • How to approach Social Security when it comes to retirement planning
  • The truth about long-term healthcare costs and what to consider
  • Why even saving a small amount consistently can help in the long run
  • How to approach retirement if you are a small business owner
  • The difference between saving and investing
  • Tools to leverage for retirement planning
Stay Connected: ]]> 0:23:47 false Truth and Lies About Retirement Planning https://static.libsyn.com/p/assets/5/a/c/9/5ac9973aed9c48bde5bbc093207a2619/43._Truth_and_Lies_About_Retirement_Planning.png How Do You Know When You're on Track to Being Financially Free? 42 https://podcast.show/3974346/episode/154195491/ 154195491 9efb44ae-7762-40cd-9176-84940eb44978 Neela Hummel Wed, 01 May 2024 06:30:00 +0000 In today's episode, Mary Beth Storjohann, CFP® and Neela Neela Hummel, CFP® explore the concept of financial freedom and how to know if you're on track to achieve it. They discuss the different interpretations of financial freedom, retirement planning, the FIRE movement (Financial Independence, Retire Early), the impact of savings and investment on achieving financial freedom, and the importance of having a diversified financial portfolio. They also touch upon the psychological aspects related to money, the significance of tracking net worth and budgeting, and the use of online retirement planning calculators to gauge progress toward financial freedom. They emphasize the personalized nature of financial planning and the need for a holistic approach when considering factors such as expenses, income streams, assets, and tax allocation. Tune in as Mary Beth and Neela share their insights on achieving financial freedom and providing valuable advice to help you on your path to financial independence.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Why being financially free means different things to different people
  • How to define what financial freedom means for you
  • Other definitions of being financially free besides retiring
  • Why many people continue to work once they've reached financial freedom
  • What the FIRE movement is and the sacrifices that come with it
  • The 4% retirement rule and how to apply it to your life
  • The importance of having a combination of assets when approaching retirement
  • The tax implications if you are solely relying on your 401k during retirement
  • The importance of tracking your net worth throughout your life
  • The importance of a budget and understanding your household expenses as you approach retirement
Stay Connected: ]]> 0:23:55 false How Do You Know When You're on Track to Being Financially Free? https://static.libsyn.com/p/assets/a/b/c/1/abc108af37455af2e5bbc093207a2619/42.__How_do_you_know_when_youre_on_track_to_be_financially_free.png Financial Planning and Infertility 41 https://podcast.show/3974346/episode/154195490/ 154195490 b83e5b18-02a5-456c-8767-c3e5abf0c027 Neela Hummel Wed, 24 Apr 2024 06:30:00 +0000 On this episode of If Money Were Easy, Mary Beth Storjohann and Neela Hummel unpack the emotional fabric of financial planning through the lens of a journey both personal and common - infertility. Together, they explore the emotional and financial complexities of fertility treatments, the importance of setting a budget, the different financing options available, and how to navigate the intersection of monetary investment and deeply personal choices within the journey of starting a family. Join the conversation and navigate these intricate waters with empathy and financial acumen on today's episode.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The importance of knowing what your insurance covers when it comes to fertility treatments
  • Questions to ask when speaking with your insurance company about fertility treatments
  • Why you need a budget when it comes to such an emotionally tolling topic
  • The reason you shouldn't accept the first offer when it comes to the price for the medications needed for fertility treatment
  • How to go in with a plan so it doesn't completely ruin your financial health
  • Other financial options you can explore instead of just taking the first one presented to you by the fertility clinic
  • Why you should consider the long-term financial implications when making your family plan
  • The importance of discussion the extremes should the worst-case scenario happen
  • Caring for your mental health and how to prepare
  • How intertwined financial planning and infertility planning are and how to set yourself up to stay on track
Resources Mentioned on the Show: Stay Connected: ]]> 0:27:59 false Financial Planning and Infertility https://static.libsyn.com/p/assets/9/9/7/9/997986392cdd56b8e5bbc093207a2619/41._Financial_Planning_and_Infertility.png Are Financial Stereotypes Playing Out in Your Relationship? 40 https://podcast.show/3974346/episode/154195489/ 154195489 b16a9214-5d33-4d66-acaf-7c03e87f76ca Neela Hummel Wed, 17 Apr 2024 06:30:00 +0000 Today we dive into the nuances of personal finance, challenge financial stereotypes, and explore how they might be influencing your relationship. In this episode, Mary Beth Storjohann and Neela Hummel discuss the common stereotypes around money management within relationships and share their personal experiences about how these assumptions have played out in their lives. They tackle a variety of themes from the ingrained idea that 'money is a man's work,' to who should handle the investing, to the societal pressures and expectations when women are the breadwinners. Tune in for this candid, sometimes humorous, but insightful conversation and let's reflect on the financial dynamics that can play out in relationships.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Some of the financial stereotypes that exist as cultural norms or practices
  • How some of these stereotypes show up in heterosexual relationships
  • The challenges with one partner handling all of the finances
  • Societal expectations for men and women when it comes to paying the bill
  • How better financial outcomes can come when both partners are engaged financially
  • The stereotype behind who handles investments and how studies have countered the societal expectation
  • The struggle women face, especially as breadwinners in heterosexual relationships and the additional pressure society puts on them
  • The importance of good communication and an equitable division of financial roles within a household
  • Why many stereotypes around money should be challenged
Resources Mentioned on the Show: Stay Connected: ]]> 0:26:16 false Are Financial Stereotypes Playing Out in Your Relationship? https://static.libsyn.com/p/assets/6/5/9/c/659c26e464aeae8a88c4a68c3ddbc4f2/40._Are_Financial_Stereotypes_Playing_out_in_Your_Relationship.png What I Wish I Knew About Money at 22 39 https://podcast.show/3974346/episode/154195488/ 154195488 4a0cd771-c503-4483-a91f-956ea4b41b5c Neela Hummel Wed, 10 Apr 2024 06:30:00 +0000 Today, Neela and Mary Beth delve into their personal journeys and the financial wisdom they've amassed since their early twenties. From Neela's credit card reckoning post-studying abroad to Mary Beth's strategic dance with student loans, they'll discuss the crucial early steps they wish they'd taken, like the timely kick-off of a Roth IRA and strategies for building personal wealth. Along the way, they'll tackle the gender gaps in entrepreneurship, unravel the mysteries of paychecks and taxes, and underscore the transformative power of smart saving strategies. With a lens on the past and an eye toward the future, they lay the groundwork for financial fluency and success. Tune in and equip yourself with the know-how to navigate your financial world with confidence.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Some tips for all of us to help keep us financially on track and avoid the sidetracks
  • How to address splitting the bill when going out with friends
  • How to avoid the feeling of obligation if you are a higher earner
  • How to start building your credit early (and how to continue to protect it)
  • A few good financial habits that future you will be thankful for
  • How to budget for events that come up that you want to attend
  • If you have the support, how to lean on your family to make sure you stay on track financially
  • One way to approach a career change, to include exploring entrepreneurship
  • A few tips to take calculated risks in your career and in your finances
  • How to establish a good financial foundation
Additional Resources: Stay Connected: ]]> 0:35:30 false What I Wish I Knew About Money at 22 https://static.libsyn.com/p/assets/a/8/5/d/a85d39b4539ff9f3e5bbc093207a2619/39._What_I_Wish_I_Knew_About_Money_at_22.png The Power of Female Community with Kahne Krause 38 https://podcast.show/3974346/episode/154195487/ 154195487 e5655657-c964-464b-ae4c-da56426df2f0 Neela Hummel Wed, 03 Apr 2024 06:30:00 +0000 In today's episode, Kahne Krause joins Mary Beth and Neela to talk about the power of female communities. They discuss the strength of solidarity in women's lives, and understanding the power of investment strategy, particularly for women. They talk about the gender confidence gap and the unique challenges and opportunities women face in their financial lives. They also explore the transformative power of community in wealth and investing, and the importance of dialogue and reflection in building healthy relationships with money. Learn about the power of empathy and connection in building a fulfilling financial life.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The impact Kahne has made leading client communities through Dimensional
  • A reflection on women communities and how we can help each other
  • The impact Women and Money is having on women advisors and clients
  • Gender disparities and unconscious bias in finance
  • Why wealth management in not just about the numbers
  • Why advisors should look for those deeper conversations with clients
  • The importance of empathy when talking about money
  • A discussion about money, shame and basic human needs
  • How the confidence code can be applied to wealth management as well
  • The reason to look at the long-term plan when it comes to investing
Resources Mentioned on the Show: Stay Connected: ]]> 0:35:46 false The Power of Female Community with Kahne Krause https://static.libsyn.com/p/assets/e/1/7/d/e17d26e33746b95788c4a68c3ddbc4f2/33_The_Power_of_Female_Community.png The Power of the Female Consumer 37 https://podcast.show/3974346/episode/154195486/ 154195486 cd0e43c7-a810-4254-8031-ecd0608935e1 Neela Hummel Wed, 27 Mar 2024 06:30:00 +0000 Join us today as hosts Mary Beth and Neela dive into the powerful role of the female consumer in today's economy. They discuss the significant impact women have on spending and how they are increasingly aligning their financial choices with their values. From supporting female-led content like the Barbie movie and Taylor Swift's tour to making solo travel and home purchases, women are taking charge of their spending decisions. The hosts also explore the concept of the "pink tax" and the importance of using our voices as consumers to demand better quality products. Join Mary Beth and Neela as they empower listeners to make informed financial choices and discuss the implications of the growing purchasing power of the female consumer.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The influence women have with their purchasing power
  • The increase women will continue to have over their discretionary spending and how it is impacting their mental health
  • Why women are supporting women-created products
  • The benefit women are seeing with aligning their money with their values
  • Ways women can encourage companies to align their products with the values women are looking for
  • A discussion of "the pink tax"
  • Why women must use their voices to make change in this world
Resources Mentioned on the Show: Stay Connected: ]]> 0:18:01 false The Power of the Female Consumer https://static.libsyn.com/p/assets/c/2/2/c/c22c37f68a9cb23188c4a68c3ddbc4f2/37._The_Power_of_the_Female_Consumer.png Charitable Giving for a Modern World 36 https://podcast.show/3974346/episode/154195485/ 154195485 a0c8e77b-424d-4cc6-9048-02195d511ec8 Neela Hummel Wed, 20 Mar 2024 06:30:00 +0000 Generosity isn't just about the dollars—it's the intention, impact, and legacy we build. In this episode, we're exploring what's at the heart of charitable giving. Mary Beth and Neela discuss the transformative power of donor-advised funds, and share their personal journeys of turning philanthropy into a family affair. They also untangle how to choose causes that align with values while making sure your financial house is in order first. No matter where you're starting, there's a path for you to make a difference. Listen in to hear about some of the ways you can expand what's possible with your charitable giving and philanthropy.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Different ways to give besides just donating money to charities
  • Considerations to explore when determining the causes and charities you want to participate in
  • A financial planner's perspective when it comes to giving
  • Mary Beth and Neela discuss how they each handle charitable giving in their families
  • Questions to ask yourself when thinking about the impact you want to have through charitable giving
  • Other ways to contribute besides financially
  • The importance of putting on your own oxygen mask first
  • How to measure the impact you have within a charitable organization
  • How to tailor your charitable giving based on your life stage
  • Incorporating charitable giving into your estate plan
  • The positive impacts generosity has on mental, emotional and physical health
  • How to vet an organization
  • Tips for selecting a charity and other ways to allocate funds to charities
Resources Mentioned on the Show: Stay Connected: ]]> 0:29:56 false Charitable Giving for a Modern World https://static.libsyn.com/p/assets/9/b/0/d/9b0def75fa4f942de5bbc093207a2619/36._Charitable_Giving_for_a_Modern_World.png Communication and Power Dynamics with Shruti Dhalwala 35 https://podcast.show/3974346/episode/154195484/ 154195484 8047b27a-2476-4915-8f9a-0cf1f7ed32b9 Neela Hummel Wed, 13 Mar 2024 06:30:00 +0000 Today we are joined by Shruti Dhalwala, Vice President of Advisory at Acceleration Community of Companies where she co-leads public relations and strategy for the agency's PepsiCo business. In this episode we will dive deep into the tapestry of financial communication and unravel the power dynamics that shape the narratives of business and personal branding. Shruti brings invaluable insight on the stories behind successful public relations, guiding us through the nuanced game of information in our hyper-connected world. She talks about owning your accomplishments, nurturing your teams, and prioritizing trust in every transaction. Whether you're leveraging your branding or navigating the latest market shake-up, it's about adding value and injecting humanity into every interaction. Join us today to listen to the amazing insight Shruti shares with us!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Some of the common misconceptions when it comes to public relations
  • The human element of public relations
  • The effect PR has on a brand and how that PR can make an impact
  • The importance of telling stories that people can connect with
  • The differences among genders when it comes to seeking attention and recognition
  • The best way to move forward during the chaos and the mindset to have
  • The impact of financial decisions when it comes to personal freedom
  • As leaders, balancing action and inaction when it comes to sensitive topics
  • The best way to connect with consumers and why you should focus on value
  • Some of the challenges faced when controlling the message in a digital world
  • What to do when a PR crisis arises
Resources Mentioned on the Show:
  • Start With Why by Simon Sinek
  • Find Your Why by Simon Sinek
Stay Connected: ]]> 0:37:30 false Communication and Power Dynamics with Shruti Dhalwala https://static.libsyn.com/p/assets/5/4/3/b/543be44f27aab6b1e5bbc093207a2619/35._Communication_and_Power_Dynamics_with_Shruti_Dhalwala.png How to Teach Your Children About Money with Gabe Brenner 34 https://podcast.show/3974346/episode/154195483/ 154195483 067af146-b57e-4b14-a76c-d9dd4cdbe3b3 Neela Hummel Wed, 06 Mar 2024 14:37:00 +0000 On this episode of If Money Were Easy, Mary Beth and Neela are joined by their colleague and fellow partner at Abacus, Gabe Brenner, CFP® to discuss teaching children about the true value of money. They explore the hands-on "three jars method," also known as Spending, Saving, and Sharing Jars, navigating allowance, and the importance of allowing kids to make financial mistakes early in life. The three of them talk about the balance between autonomy and guidance, from tactile cash handling to digital banking savvy and discuss the importance of creating a space for kids to fail safely and how it can be a key to building their financial confidence. Tune in to learn some savvy money lessons you can incorporate into your child's financial journey to adulthood.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • A few ideas on how to raise financially savvy children
  • How to educate children about money without spoiling them
  • The three jars method, also known as the spend, save, share approach
  • The importance of encouraging your children to give some of their money away and the lasting effects it can have on them
  • How to allow your children to have small financial failures to learn from
  • The best way to approach an allowance and if it should be tied to chores
  • A method to teach your children about interest and the benefits of saving
  • How Gabe handled a clothing allowance for his daughters growing up
  • What it looks like when your children reach driving age and some things to consider
Stay Connected: ]]> 0:32:02 false How to Teach Your Children About Money with Gabe Brenner https://static.libsyn.com/p/assets/7/1/0/a/710a0da7ac9dc79688c4a68c3ddbc4f2/34._How_to_Talk_to_Your_Children_About_Money.png Beyond the Glass Ceiling: The Gender Risk Tax and the Glass Cliff 33 https://podcast.show/3974346/episode/154195482/ 154195482 20ccb9cf-398c-4301-af9c-4d88a5300c11 Neela Hummel Wed, 28 Feb 2024 07:30:00 +0000 Today, Mary Beth and Neela delve into the intricacies of the gender risk tax and the glass cliff phenomenon. They unpack these widespread challenges, delving into their repercussions for women in the corporate world and propose practical approaches to surmounting them. From dissecting the subtleties of risk assessment to unveiling the eye-opening statistics surrounding the glass cliff, Mary Beth and Neela illuminate the truths and offer guidance on how women can effectively navigate and prosper within these contexts. Tune in for empowering insights and a call to build a supportive network to pave the way for a more equitable future.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The financial stereotypes of women and where these stereotypes come from
  • Why it is critical to build a trusted team, seek mentorship and self-promote
  • What the gender risk tax looks like and how it impacts women
  • The importance of balanced communications, embracing failure and learning from your mistakes
  • The glass cliff phenomenon explained
  • What a Harvard Business Review study showed on why women are more likely to lead struggling companies
  • How to recognize the glass cliff and why we must have boundaries
Resources Mentioned on the Show: Stay Connected: ]]> 0:24:58 false Beyond the Glass Ceiling: The Gender Risk Tax and the Glass Cliff https://static.libsyn.com/p/assets/d/3/1/b/d31bad5e2c7054d8e5bbc093207a2619/33._The_Gender_Risk_Tax_and_the_Glass_Cliff.png Reflections on the Fourth Quarter of 2023 with Abacus Co-CIOs 32 https://podcast.show/3974346/episode/154195481/ 154195481 d5a55a86-d36b-4301-912e-8c4cf1756d0f Neela Hummel Wed, 21 Feb 2024 07:30:00 +0000 Today we're joined by Abacus' co-CIOs, Lindsey Woodward, MBA, CFP® and Matt Rivera, CFA, CFP®, to discuss how the fourth quarter of last year turned out and how the markets and economy ultimately performed in 2023. Despite predictions of recession and high inflation, the market defied the odds, ending on a high thanks to disciplined investing. Mary Beth and Neela will talk with Lindsey and Matt about why interest rates change, what can cause them to go up or down, and how that can affect you. Lindsey and Matt will also reveal how investors can approach swings in the stock market and what to stay focused on. They will finish up with talking about what you can control, what to do about the things you can't control, and how to keep your finances on track!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • How the markets in Q4 compared to the rest of 2023
  • Why the Fed raises or lowers interest rates
  • Why discipline is important when investing and how 2023 demonstrated that
  • What to focus on in your investments when markets are up and down
  • Some info on values aligned investing and ESG investing
  • How to tell if the funds you are in are values aligned or ESG funds
  • The impact geopolitical events can have on stock market volatility
  • Expectations for the market going into this election year
  • Reasons to focus on your long-term investment strategy, even when the short term is volatile
Resources Mentioned on the Show: Stay Connected: ]]> 0:31:49 false Reflections on the Fourth Quarter of 2023 with Abacus Co-CIOs https://static.libsyn.com/p/assets/8/4/9/9/84997fa3cce4937fe5bbc093207a2619/32._Q4_2023_Reflections_with_Abacus_Co_CIOs.png Money Plans for 2024 31 https://podcast.show/3974346/episode/154195480/ 154195480 70417b58-9f12-4a07-9eb0-51a074f1009f Neela Hummel Wed, 14 Feb 2024 07:30:00 +0000 Welcome to a new year and a new season of the If Money Were Easy podcast. On today's episode Mary Beth and Neela dive deep into how to set yourself up for a financially strong year. They discuss the power of realistic goal setting, the smart habits that help you save effortlessly, and how investing in your mental health and relationships can bolster your finances. They share personal insights, reevaluate their own financial strategies, and even discuss making this year about finding balance over setting strict goals. If you're ready to transform your approach to money and prepare for all that 2024 has to offer, tune in to this episode and start paving your path to financial freedom. Remember, it's less about the numbers and more about the journey!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The approach Mary Beth and Neela have to New Year's resolutions for 2024
  • The importance of letting yourself slow down
  • Why it could be beneficial to have fewer New Year's resolutions
  • How to wrap your financial priorities and long-term goals into your resolutions
  • Why it's important to set realistic personal and financial goals
  • What you should work to maximize and what debt you should tackle
  • Investment options to look at for your annual financial goals
  • How have your income goals changed over time
  • How the psychology of money could be affecting your money habits

Resources Mentioned on the Show: Stay Connected: ]]> 0:29:28 false Money Plans for 2024 https://static.libsyn.com/p/assets/6/1/2/3/6123894730d75e8088c4a68c3ddbc4f2/31._Money_Plans_for_2024.png A Day in the Life of a CEO 30 https://podcast.show/3974346/episode/154195479/ 154195479 ee833084-815d-4525-87a6-41878aedae52 Neela Hummel Thu, 14 Dec 2023 23:08:00 +0000 As we wrap up 2023 with this final episode of the year, Neela Hummel and Mary Beth Storjohann discuss what it looks like as a day in the life of a CEO. They discuss their daily routines, challenges they face, and what about their roles as CEOs lights them up. They talk about the balances they try to find throughout their weeks and the importance of establishing and keeping boundaries. Join us today to wrap up 2023!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The daily routines for Mary Beth and Neela
  • How each of their mornings look before even starting the workday
  • The benefits of setting boundaries
  • One of the big challenges they face as a CEO
  • How they balance competing interests and still manage to put people first
  • The importance of free space during your work week
  • Why it's critical to walk the talk, inspire change and create impact
  • Two things that are critical for personal and company success
Resources Mentioned on the Show: Stay Connected: ]]> 0:32:18 false A Day in the Life of a CEO https://static.libsyn.com/p/assets/2/4/4/5/2445225a4023949be5bbc093207a2619/30._A_Day_in_the_Life_of_a_CEO.png Is Going Sober Curious a Financial Win? 29 https://podcast.show/3974346/episode/154195478/ 154195478 e5bd6f75-259d-4db4-ae5f-ee178effaa68 Neela Hummel Wed, 06 Dec 2023 07:30:00 +0000 On this episode of If Money Were Easy, we explore the journeys with alcohol, the rise of the sober curious movement, and the financial and personal impacts of alcohol consumption. From the day-to-day cash flow savings to the long-term impact on health care expenses, we examine the holistic effects of alcohol on our lives. With mindfulness and intentionality at the forefront, we explore the financial and personal considerations of alcohol consumption, offering valuable insights for listeners looking to expand what's possible with their money.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Personal stories for Mary Beth and Neela around the topic of alcohol
  • The societal pressures we all face when it comes to drinking
  • How marketing campaigns target women through societal expectations
  • Looking at the impact and cost drinking has in your life
  • Exploring the motivation behind why people drink
  • Examples of a few books to explore mindfulness and intentional living
  • Looking at our daily choices and how that can impact our long-term finances
  • When you choose to drink, is it in line with what you want your life to look like
Resources Mentioned on the Show: Stay Connected: ]]> 0:20:21 false Is Going Sober Curious a Financial Win? https://static.libsyn.com/p/assets/d/2/b/2/d2b24076ce01516ce5bbc093207a2619/29._Is_Going_Sobercurious_a_Financial_Win.png Are Your Financial Boundaries Strong Enough? 28 https://podcast.show/3974346/episode/154195477/ 154195477 18efcdce-c700-455a-bd29-7316ae6983cd Neela Hummel Wed, 29 Nov 2023 07:30:00 +0000 Today we're diving into an important topic, one that's often overlooked: the strength of your financial boundaries. We'll discuss the benefits of separate health insurance and retirement plans for dual-income couples, the significance of aligning your spending with your personal values, and the influence of societal pressure on our financial decisions. We'll also delve into big costs, like housing, transportation, childcare, and health insurance. Additionally, we'll address the complex task of planning for intergenerational care and financial responsibilities while highlighting the importance of setting boundaries.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Setting boundaries in a variety of areas of your life
  • The financial consequences that occur for women when neglecting self-care
  • One of the biggest challenges when setting boundaries
  • How to navigate priorities to mirror your boundaries
  • How a wealth divide among family members can make boundaries a challenge
  • The importance of having a financial planner to discuss finances with your partner
  • How to have healthy relationships and healthy boundaries with your partner
  • The balance dual income couples need to find with careers, family support, finances and household dynamics
  • Why you and your partner should examine and discuss spending habits
  • Society has a lot of expectations of us; are they always what we want?
  • The reason it is critical to choose yourself over what society tells you
  • The results that will come when you do the self-reflection and the work
Resources Mentioned on the Show: Stay Connected: ]]> 0:40:26 false Are Your Financial Boundaries Strong Enough? https://static.libsyn.com/p/assets/3/5/1/3/3513952ce035f5b488c4a68c3ddbc4f2/28._Are_Your_Financial_Boundaries_Strong_Enough.png How to Renovate Your Home in an Eco Conscious Way 27 https://podcast.show/3974346/episode/154195476/ 154195476 5ddeef14-5dd4-46c1-bb65-eda73ee06b94 Neela Hummel Wed, 15 Nov 2023 07:30:00 +0000 In today's episode, Mary Beth and Neela build out the topic of renovating your home in an eco-conscious way. Neela shares her expertise and passion for creating a sustainable living space as she's currently experiencing a renovation. She explains why eco-conscious home renovation is important – not just for the environment, but also for the health and well-being of your family. She highlights the environmental impact of real estate and discusses how the materials and energy used in construction, heating, cooling, and lighting can contribute to energy consumption and pollution. She also shares her experiences and insights from her home renovation journey, offering valuable advice and resources to help listeners navigate the process. Tune in to learn about any changes you might want to make in the future!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Appliances that can help make your home more energy efficient
  • Upgrades to the internal and external parts of your home
  • How to tackle the many decisions that go into a home renovation and how to approach them in an eco-conscious way
  • Rebates you can take advantage of when renovating your home
  • Why you should talk to your CPA when improving the energy efficiency of your home
  • The importance of listing your "must-haves" versus your "nice-to-haves"
  • Compromises you'll need to consider when renovating eco-consciously
  • The long-term gains that can come with changes you make to your home
  • Why "perfect" doesn't have to be the goal when renovating
Resources Mentioned on the Show: Stay Connected: ]]> 0:25:09 false How to Renovate Your Home in an Eco Conscious Way https://static.libsyn.com/p/assets/e/c/d/7/ecd75c06fd61940516c3140a3186d450/How_to_Renovate_Your_Home_in_an_Eco_Conscious_Way.png Year End Money Moves to Make 26 https://podcast.show/3974346/episode/154195475/ 154195475 0ac8fb97-a563-42a3-8202-dacad4673ffb Neela Hummel Wed, 08 Nov 2023 07:30:00 +0000 Welcome back to another episode of the If Money Were Easy podcast. Today, Mary Beth and Neela dive into some financial items to check in on before the end of the year. They explore what to focus on when creating a 2024 budget and what to account for when eyeing future spending. They also discuss how to approach your charitable giving, understanding your "why", and help define which causes are truly meaningful to you. As the year end approaches, be sure to listen to this episode and help keep your finances moving in the right direction!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Reasons you should evaluate your financial situation before the year ends
  • Items you should focus on with your finances
  • Things to consider for your 2024 budget
  • How to approach next year's budget and tools for tracking spending
  • Something specific to think about when deciding which charities to give to
  • Ways to prioritize and plan for future spending goals
  • The importance of understanding "why" you contribute to retirement planning accounts or 529 plans, and what those numbers mean
  • A summary of topics to touch on as the year wraps up
Resources Mentioned on the Show: Additional Resources: Stay Connected: ]]> 0:28:36 false Year End Money Moves to Make https://static.libsyn.com/p/assets/0/7/0/7/070705089ba5499be5bbc093207a2619/Year_End_Money_Moves_to_Make.png Planning for Your Financial Future as a Small Business Owner with Ariel Ward 25 https://podcast.show/3974346/episode/154195474/ 154195474 4602c8e7-61e4-49b5-b249-b9185a69913a Neela Hummel Wed, 01 Nov 2023 06:30:00 +0000 In this episode, we delve into the world of financial planning as a solo business owner. Our guest, Ariel Ward, is experienced in helping small business owners navigate the complex world of finance to make smart decisions that ensure both personal and business success. With a focus on providing permission, managing risks, and strategic planning, Ariel explores timely topics like business budgeting, retirement planning, insurance, and estate planning. She also sheds light on the challenges faced by business owners around paying themselves, investing in their business, and finding balance between business growth and personal financial goals. Join us for insight on how to navigate the financial landscape of being a solo business owner!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Balancing paying yourself, contributing to retirement plans, and investing in the business
  • How Ariel guides clients through tough decisions
  • The importance of tracking business spending, analyzing returns, and making strategic decisions
  • How to contribute to your retirement savings and get your kids involved, too
  • Finding the balance between business and family needs
  • Why you must monitor return on investment (ROI) as you forecast business growth
  • Insurance policies all solo business owners should have
  • Things to think about when creating your business structure
  • Who you should have on your team to keep business growth on track
  • What to consider around using a line of credit to grow your business
Resources Mentioned on the Show: Stay Connected: ]]> 0:33:49 false Planning for Your Financial Future as a Small Business Owner with Ariel Ward https://static.libsyn.com/p/assets/0/7/3/a/073a01f8f8a9245227a2322813b393ee/25._Financial_Planning_as_a_Solo_Business_Owner_with_Ariel_Ward.png Can Money Buy You Happiness? 24 https://podcast.show/3974346/episode/154195473/ 154195473 3013c770-b04b-4c41-a420-89b60f7ad2a2 Neela Hummel Wed, 25 Oct 2023 06:30:00 +0000 Neuroscientists, psychologists, and experts have examined it, while other professionals have speculated and pursued the truth. Today, we delve into the age-old question: Can wealth genuinely make you happy? In this episode, we examine the correlation between money and happiness, explore happiness beyond financial means, and look at the factors that contribute to a truly happy life such as human connection, relationships, and experiences over material possessions. We'll also explore the psychology and neuroscience behind the fusion of money and joy, and debunk some common misconceptions along the way. Listen today!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • What happiness might look like when basic needs are met
  • Why the wealthiest clients aren't always the happiest clients
  • How technology can help with needs but also interfere with happiness
  • The importance of slowing down and embracing change
  • Some common traits the happiest clients share
  • Why discomfort is necessary for change and growth
  • Things to think about when focusing on happiness
  • The reason you must identify your values and align your goals with those values
Resources Mentioned on the Show: Stay Connected: ]]> 0:25:24 false Can Money Buy You Happiness? https://static.libsyn.com/p/assets/d/e/5/5/de55ca9dd9a49eb0a04421dee9605cbd/24._Can_Money_Buy_Happiness.png Coping with Challenge and Change with Dr. Joy Lere 23 https://podcast.show/3974346/episode/154195472/ 154195472 467ab073-6c39-4292-8bb4-c4db83ba05c0 Neela Hummel Wed, 18 Oct 2023 06:30:00 +0000 Licensed clinical psychologist Dr. Joy Lere joins us to explore the profound impact that difficult times have on individuals and how they can navigate their ongoing challenges. She sheds light on the various cognitive changes and sacrifices made by people during the pandemic – particularly mothers – and how its lasting effects continue to shape lives. Dr. Lere also explores developing more emotional awareness, the toll that constant stress and the fight-or-flight response takes on our bodies and minds, setting boundaries, and the importance of self-compassion through better self-talk. Join us as we seek to enhance our emotional intelligence to empower ourselves, create a healthier relationship with money, and find resilience and growth for a renewed sense of possibility.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • How stress and sacrifice can impact our lives, particularly women
  • The importance of seeking support, especially when trying to juggle it all
  • Why you must set boundaries at home and in the workplace
  • A great way to develop personal growth
  • Why money makes life so complex
  • Why it's critical to understand emotions
  • How leaders can provide graceful and effective feedback
  • How being your own worst critic hurts you
  • The reason we must embrace discomfort if we want to grow and improve our lives
Resources Mentioned on the Show: Stay Connected: ]]> 0:34:45 false Coping with Challenge and Change with Dr. Joy Lere https://static.libsyn.com/p/assets/b/d/b/2/bdb28c74374f249da04421dee9605cbd/23._Coping_with_Challenge_and_Change_with_Dr._Joy_Lere.png Estate Planning Essentials for Parents of Young Children with Bahar Geslin 22 https://podcast.show/3974346/episode/154195471/ 154195471 8e731c3d-e702-45c6-be88-0217d041704a Neela Hummel Wed, 11 Oct 2023 06:30:00 +0000 Today we dive into the meaningful topic of estate planning for families with young children with special guest, Bahar Geslin. Bahar is an estate planning attorney with a unique background in psychology, joins Neela and Mary Beth to shed light on the often overlooked aspects of financial planning for your children's future. From tax planning to guardianship decisions, Bahar shares valuable insights and guidance on how to navigate the complexities of estate planning. Join us as we explore the fears, uncertainties, and practical steps necessary to ensure the well-being and security of your loved ones. If you have young kids and want to take control of your estate planning, this episode is for you!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The importance of estate planning and how it varies by state
  • What to think about when choosing guardianship for your children
  • A quick review of documents to add to your trust
  • What it means to fund your trust and how to do it
  • How Bahar uses her psychology background to help clients with estate planning documents
  • The biggest reason people don't start getting their estate in order
  • A great exercise to ensure your intentions are known for your children
  • What life events might require you to update estate planning documents (and how often)
  • The importance of simply getting started and how estate planning attorneys can guide the process
Resources Mentioned on the Show: Additional Resources: Stay Connected: ]]> 0:39:40 false Estate Planning Essentials for Parents of Young Children with Bahar Geslin https://static.libsyn.com/p/assets/8/e/0/3/8e030cb46a12b15616c3140a3186d450/22._Estate_Planning_Essentials_for_Parents_of_Young_Children_with_Bahar_Geslin.png How to Make Work Optional with Barrett Porter 21 https://podcast.show/3974346/episode/154195470/ 154195470 7cbcea7f-a475-4cd9-a5e8-070205f77b0d Neela Hummel Wed, 04 Oct 2023 06:30:00 +0000 Whether you're approaching 60 or you're years away, it's never too early to be curious what retirement might look like. Today, we're joined by financial advisor Barrett Porter to help us explore the concept of retiring early and create a life where work is no longer a necessity. We dive into what options you have for retirement independence, the emotional readiness of actually retiring, and the idea of FIRE – what it truly means to have the option to retire at any moment. Barrett shares insights on how work is often tied to our identity and the struggles of envisioning a life beyond the career we've known for so long. We also hear inspiring stories of people who have successfully retired earlier than expected and how financial planning played a crucial role in their journey. Hear about the "Done by 60" concept, the benefits of downsizing or changing living arrangements, and how to financially navigate the uncertainties of project-based work. Join us in an enlightening conversation that can change the way you think about retirement and making work optional.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in This Episode:
  • A website to help you enjoy the glory decade
  • Comparing and contrasting the "Done By 60" movement with the FIRE movement
  • What "work optional" looks like for some clients
  • How some clients react emotionally when they've reached their work optional goal
  • What financial planning looks like when you can choose whether to work
  • How to plan for your future when your income ebbs and flows
  • What it means to live off your portfolio after you've saved up over the years
  • Housing and healthcare considerations when planning to make work optional
  • A few tricky points on how your home relates to your wealth
  • Creating a long-term care plan without using long-term care insurance
Resources Mentioned on the Show Stay Connected ]]> 0:32:11 false How to Make Work Optional with Barrett Porter https://static.libsyn.com/p/assets/0/7/4/6/0746c6f672becfa35f2e77a3093c12a1/21._How_to_Make_Work_Optional_with_Barrett_Porter.png The Power of a Career Pivot with Susan Olson 20 https://podcast.show/3974346/episode/154195469/ 154195469 0e3fbe68-d3fb-4c44-b224-4022f7a0c4eb Neela Hummel Wed, 27 Sep 2023 06:30:00 +0000 Looking for inspiration to navigate a career transition? On this episode of If Money Were Easy, we're joined by special guest, Susan Olson, CERTIFIED FINANCIAL PLANNER™ and Certified Divorce Financial Analyst at Abacus Wealth Partners. Susan shares her inspiring journey of making a career pivot and finding success in an unexpected field. From taking a significant pay cut to feeling overwhelmed in her new role as a financial advisor, Susan's story reminds us of the power of embracing change and learning as we go. Join us as we explore the importance of skills accumulation, the value of diverse experiences, and the impact a career pivot can have on both personal fulfillment and professional success. It really is never too late if you're looking to make a career change. Tune in today!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • Where Susan's career journey began and the twists and turns it took along the way
  • The challenges and skills Susan experienced as a school principal
  • A career change's value and what you can take from a previous career
  • How research is important when exploring a new career
  • Why you have to invest in yourself
  • How to take skills from one industry and apply them to others
  • Where Susan got her passion in each of her careers and when she knew it was time to pivot
Resources Mentioned on the Show: Stay Connected: ]]> 0:29:33 false The Power of a Career Pivot with Susan Olson https://static.libsyn.com/p/assets/6/9/c/a/69cab4899cd20cde5f2e77a3093c12a1/20._The_Power_of_a_Career_Pivot_with_Susan_Olson.png Self Leadership and Giving Yourself Permission with Amanda Flisher 19 https://podcast.show/3974346/episode/154195468/ 154195468 eab79dcd-ce0d-428d-8f26-63dca701cafa Neela Hummel Wed, 20 Sep 2023 06:30:00 +0000 On this episode of If Money Were Easy, we'll be diving deep into the fascinating yet challenging topic of self-leadership and "giving yourself permission." Our guest today is Amanda Flisher, who shares a captivating analogy that perfectly captures the process of pursuing our goals – from sitting on the dock, yearning for the future, and taking that brave step into the unknown. We discuss the importance of understanding ourselves, giving ourselves permission to be authentic, and making decisions based on our personal values and desires. Amanda also shares insight into how she helps individuals discover their strengths through tools like Strengths Finder (now called Clifton Strengths), and how these strengths play a pivotal role in redefining success and fulfillment in our careers. Whether you're in a corporate job contemplating a role change or simply wanting to better understand yourself, grab a cup of coffee, sit back, and join us!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • How to start exploring self-leadership and find authenticity
  • The challenges we face in giving ourselves permission
  • Why giving ourselves permission can be essential
  • How to find your purpose and not follow someone else's
  • A useful analogy to discuss life changes and why it can be such a challenge
  • How to redefine success and change your narrative
  • How to empower yourself and others through knowing your strengths
  • The importance of leaders knowing and understanding themselves
  • How to positively impact your team by defining your own strengths first
Resources Mentioned on the Show:

Stay Connected: ]]> 0:36:56 false Self Leadership and Giving Yourself Permission with Amanda Flisher https://static.libsyn.com/p/assets/0/a/0/4/0a049ef50acecf41d959afa2a1bf1c87/19._Self_Leadership_and_Giving_Yourself_Permission.png Unique Financial Planning Needs of the LGBTQ+ Community with Christopher Stroup 18 https://podcast.show/3974346/episode/154195467/ 154195467 761cbf33-1ede-40d1-aaa7-84e3e8d20ee6 Neela Hummel Wed, 13 Sep 2023 06:30:00 +0000 Today we dive into the unique financial planning needs of the LGBTQ+ community. To navigate this often overlooked area of finance we talk with special guest Christopher Stroup, a CERTIFIED FINANCIAL PLANNER™ with expertise in LGBTQ+ financial planning. Together, we explore the financial implications of marriage, adoption, surrogacy, and estate planning for LGBTQ+ individuals. We'll shed light on the challenges faced, from workplace discrimination to systemic barriers in the insurance industry, and you'll learn how to build a safety net, maximize employer benefits, and plan for the future. Join us as we uncover the key strategies to empower and support the LGBTQ+ community on their financial journey.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in This Episode:
  • The unique financial planning needs of the LGBTQ+ community
  • The importance of estate planning LGBTQ+ individuals
  • What documents you need to ensure your assets go to the right people
  • The best way to control your assets should you become incapacitated
  • The best way to ensure your children are taken care of
  • How life insurance can intersect with estate planning
  • How marriage affects tax planning and estate planning for the LGBTQ+ community
  • Common hurdles LGBTQ+ clients face with their finances
  • Financial misconceptions about the LGBTQ+ community
  • How workplace discrimination can affect long-term financial goals
  • Five steps to get you started towards a better financial future
  • How to financially plan on growing your family (and what to consider)
  • How to find a financial advisor that's right for you
Resources Mentioned on the Show: Additional Resources: Stay Connected: ]]> 0:30:48 false Unique Financial Planning Needs of the LGBTQ+ Community with Christopher Stroup https://static.libsyn.com/p/assets/5/4/8/0/5480fd2f1d8dc27abafc7308ab683e82/18.Unique_Financial_Planning_Needs_of_LGBTQIA.png AI, ChatGPT and Your Financial Future 17 https://podcast.show/3974346/episode/154195466/ 154195466 e30263fd-3cc5-47ed-8300-95ff04bc1de0 Neela Hummel Wed, 06 Sep 2023 06:30:00 +0000 AI and ChatGPT are red hot topics, with questions surrounding their effect on many industries, including finance. Mary Beth and Neela explore the current state of AI, how it is revolutionizing the business world and bringing automation and efficiency to financial planning. They weigh the pros and cons of these tools and touch upon the visible impact of AI – particularly in the education industry, where ChatGPT is already a valuable resource for students and educators alike. They highlight the significance of AI in content creation and the challenges it poses in the changing landscape of essay creation and research. Finally, they shed light on how AI's automation of human processes can inadvertently perpetuate the same biases and mistakes it was meant to address, highlighting the need for conscious efforts to involve more diverse perspectives in the creation and use of AI. Tune in today!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • How AI and ChatGPT are impacting businesses, the education industry, and content creation across multiple industries
  • The impact of AI on a lack of diversity in the global job market
  • The industries AI and ChatGPT are affecting the most
  • What AI and ChatGPT can provide in your financial education and what it lacks
  • Some pros and cons using ChatGPT
  • What to be aware of when using ChatGPT for content creation
  • The negative side of using ChatGPT and how to correctly use it
  • What more is needed during this time of technological transition
Resources Mentioned on the Show: Stay Connected: ]]> 0:24:53 false AI, ChatGPT and Your Financial Future https://static.libsyn.com/p/assets/f/b/f/e/fbfef7344210c8aebafc7308ab683e82/17._AI_ChatGPT_and_Your_Financial_Future.png Finding Your Money Zen with Manisha Thakor 16 https://podcast.show/3974346/episode/154195465/ 154195465 8cef10df-8877-4212-9e22-cf652ae95cfb Neela Hummel Wed, 30 Aug 2023 06:30:00 +0000 On this episode of If Money Were Easy, Manisha Thakor takes listeners deep into the journey of self-discovery and emotional well-being, guiding them to find financial harmony and contentment in spite of what our complex world demands. Neela and Mary Beth explore with Manisha the importance of living an authentic life and taking time to recharge, as well as using that authentic self as a positive influence in the financial industry. Understanding what drives a toxic relationship with money is a crucial step towards making a change, along with how personal traumas, societal influences, cultural norms, and evolutionary biology shape our financial behaviors. Join us in this insightful conversation as we learn to cultivate our MoneyZen and establish true emotional well-being on our path towards financial peace!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The reason Manisha wrote MoneyZen: The Secret to Finding Your "Enough"
  • How the endless pursuit of money can lead to burnout and exhaustion
  • Why we must choose to "be" to live richer lives
  • The importance of connection
  • Identifying and understanding the sources of a toxic relationship with money
  • The importance of self-reflection and emotional work for finding peace
  • How social media can put a negative spin on income, wealth, and the role of money
  • How the hungry ghost can impact your financial well-being
  • Research explaining there is more to happiness than money
  • Manisha's personal experience on the need for transformation and balance
Resources Mentioned on the Show: Stay Connected: ]]> 0:38:42 false Finding Your Money Zen with Manisha Thakor https://static.libsyn.com/p/assets/f/2/7/e/f27e0fff12d86247bafc7308ab683e82/16._Finding_Your_Money_Zen_with_Manisha_Thakor.png So You Want to Be a Real Estate Mogul 15 https://podcast.show/3974346/episode/154195464/ 154195464 7848f45c-f53a-4a69-816f-f36d21051005 Neela Hummel Wed, 23 Aug 2023 06:30:00 +0000 On this episode of If Money Were Easy, Mary Beth Storjohann and Neela Hummel dive into the world of real estate and explore what it takes to become a real estate mogul. They share insight into the role real estate can play in a financial plan and how to maximize it. They address common myths about real estate investing, the benefits and risks of having real estate as part of your portfolio, the potential tax advantages, and how it can be leveraged to create generational wealth. They also explore the many misconceptions surrounding rental real estate, including that it's all passive income, and share why diversification is just as critical as weighing the pros and cons before taking the real estate leap. Whether you're a seasoned investor or just starting out, join in for valuable insights on how to navigate the mutli-faceted world of real estate investing!

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • How the "American Dream" looks on social media
  • Some realities of getting into the real estate market
  • The truths and myths around real estate as passive income
  • Why you should consider diversifying your portfolio
  • What to consider if you're thinking about getting into real estate
  • Websites people rely too heavily on when assessing property value
  • Costs that can turn a positive cash flow into a negative
  • How Mary Beth and Neela talk with their clients about real estate and portfolios
  • Tips for making a strategic, informed investment decision
  • Alternate investments if you want real estate in your portfolio
  • Why it's important to go into real estate with a short- and long-term plan
Stay Connected: ]]> 0:30:03 false So You Want to Be a Real Estate Mogul https://static.libsyn.com/p/assets/0/f/3/e/0f3e88439ccc3acf16c3140a3186d450/15._So_You_Want_to_Be_a_Real_Estate_Mogul.png Uniting Mothers as Advocates with Raena Boston 14 https://podcast.show/3974346/episode/154195463/ 154195463 3793c064-72b5-4962-96d3-92ad3c45c833 Neela Hummel Wed, 16 Aug 2023 06:30:00 +0000 On today's episode of If Money Were Easy, Mary Beth and Neela talk with Raena Boston, Co-founder of the Chamber of Mothers and thought leader in the women's and maternal rights space. Together, they discuss the impact of uniting mothers as advocates for change regarding childcare and paid leave. Raena shares eye-opening statistics about the stark difference in childcare investments between the United States and other countries, urging real federal investment to ensure families aren't burdened by skyrocketing childcare costs. They discuss the need for uniform paid leave, the challenges faced by mothers, and engaging with lawmakers in the language of capitalism. Tune in as they explore the transformative work being done by the Chamber of Mothers and organizations like Paid Leave US, and see how you can advocate for change and play a role in the mission to create a better future for our children.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The staggering gap between U.S. investments in childcare versus other countries
  • How everyone can end up being affected by the lack of federal investment in childcare and paid family leave
  • The best way to spark conversations around childcare and paid family leave and why it should be talked about more
  • The best way to support educators to ensure they receive a living wage
  • Ways to empower women and mothers and advocate for change
  • The maternal health crisis and statistics from the Chamber of Mothers website
  • How Chamber of Mothers engages with politicians and advocates to make change
  • The struggles faced by parents with increased childcare costs
  • The negative impact on parents and providers from the increasing childcare costs
  • What continues to drive Reana to do the work she does
Resources Mentioned on the Show: Stay Connected: ]]> 0:33:47 false Uniting Mothers as Advocates with Raena Boston https://static.libsyn.com/p/assets/8/5/1/8/8518f15625f870a0e55e3c100dce7605/14._Uniting_Mothers_as_Advocates_with_Raena_Boston.png Behind the Scenes of Co-Leadership 13 https://podcast.show/3974346/episode/154195462/ 154195462 e30c1c95-3e97-4ba2-9b0d-8fac9220e122 Neela Hummel Wed, 09 Aug 2023 06:30:00 +0000 On this episode of If Money Were Easy, Mary Beth Storjohann and Neela Hummel take you behind the scenes of what co-leadership looks like and share their unique journey to becoming Co-CEOs of Abacus Wealth Partners. They explore balancing work and family life while also managing their time through delegation and outsourcing. They acknowledge the unconventional nature of their arrangement – discussing the skepticism they faced and the need to explain why collaborative co-leadership was best for the company – and highlight how their visions for servant leadership and serving others drives them. Hear what the tradeoffs of co-leadership are, and how maintaining effective communication, avoiding ego conflicts, and building a united front helps them overcome feelings of insecurity while maximizing their flexibility, presence, unplugging time, and mutual personal growth.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in this Episode:
  • The necessary qualities for successful co-leadership
  • How to overcome initial feelings of intimidation and insecurity in a co-leadership role
  • Ways co-leadership can benefit organizations compared to traditional solo leadership
  • Challenges in maintaining a unified front and avoiding competition
  • How different working styles and strengths contribute to co-leader success
  • The ways a supportive relationship allows for flexibility and work/life balance in a co-leadership role
  • Steps to building a strong and effective communication style
  • How delegating and outsourcing tasks makes an impact on productivity and focus
  • Thoughts on whether co-leadership is a model more organizations should consider
Resources Mentioned on the Show: Stay Connected: ]]> 0:31:21 false Behind the Scenes of Co-Leadership https://static.libsyn.com/p/assets/8/3/9/0/8390271e28ae26eda04421dee9605cbd/13._Behind_the_Scenes_of_Co_Leadership.png What Shareholder Engagement Looks Like in Action with Kate Barron-Alicante 12 https://podcast.show/3974346/episode/154195461/ 154195461 1fbb91a0-6aeb-482d-92d7-195e30407271 Neela Hummel Wed, 02 Aug 2023 06:30:00 +0000 As an investor, you are part owner in the company you're invested in, and therefore have the platform to use your voice and advocate for change within that company. But how? Today, Abacus Wealth Partners Director of Impact, Kate Barron-Alicante joins Mary Beth Storjohann and Neela Hummel to discuss how investors can be active owners and engage with the companies they're invested in through shareholder advocacy. She'll share some inspiring stories of when shareholder engagement compelled companies to do better and ways you can promote change and ensure your voice is being heard.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in This Episode:
  • What shareholder engagement is and what it looks like
  • Other commonly used terms for shareholder engagement
  • Different ways to participate in shareholder engagement
  • The meaning of divestment and how that can influence companies
  • What proxy voting looks like and some nuances associated with it
  • Why you should care about proxy voting
  • How to make sure you're continuing to be impactful as a shareholder
  • Examples of when shareholder engagement enacted change
  • How to know your voice is being heard
  • Different strategies to implement as a shareholder
  • Recognizing the small changes you can make to create a larger impact
  • How to determine what's being invested within each company
Resources Mentioned on the Show:

Stay Connected: ]]> 0:35:34 false What Shareholder Engagement Looks Like in Action with Kate Barron-Alicante https://static.libsyn.com/p/assets/0/5/f/b/05fb023a91efe72fe5bbc093207a2619/12._What_does_Shareholder_Engagement_look_like_in_action_with_Kate_Barron-Alicante.png What's Your Financial Archetype? with Brent Kessel 11 https://podcast.show/3974346/episode/154195460/ 154195460 cffcf0e2-3c0a-4a1c-85ad-09d456bdf288 Neela Hummel Wed, 26 Jul 2023 06:30:00 +0000 Have you ever wondered what influences the financial choices you make? Or why certain habits are so difficult to break? Or why reaching your financial goals seems so easy for some, but difficult for others? Today Mary Beth Storjohann and Neela Hummel talk with Brent Kessel to discuss the eight financial archetypes, The Caretaker, Innocent, Empire Builder, Pleasure Seeker, Guardian, Saver, Idealist, and Star, and the characteristics each archetype brings. Together they explore how to discover which archetype you are and what your archetype says about your values and decisions you make. You'll also learn why it can be so helpful to understand your financial archetype(s), and how you can find a balance of strengths and weaknesses of each.

For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.

What You'll Learn in This Episode:
  • The benefits of discovering your financial archetype
  • How you can use archetypes to build more stable connections with others
  • A quiz to help you discover your dominant financial archetypes
  • What some of the financial archetypes are and their characteristics
  • Life events that can shift your financial archetype
  • Why it's important to look for exceptions when analyzing your archetype
  • How to recognize when your archetypes are out of balance
  • How understanding your archetypes can help you manage expectations around money
Resources Mentioned on the Show: Stay Connected: ]]> 0:37:36 false What's Your Financial Archetype? with Brent Kessel https://static.libsyn.com/p/assets/b/4/0/7/b407c5d6011c7e295f2e77a3093c12a1/11._Whats_Your_Financial_Archetype_with_Brent_Kessel.png How Financial Advisors Manage Their Own Money 10 https://podcast.show/3974346/episode/154195459/ 154195459 235b4222-3f38-450c-a9ca-0700f8cc28c7 Neela Hummel Wed, 19 Jul 2023 06:30:00 +0000 How do financial professionals manage their own money? Do they practice what they preach or make mistakes like everyone else? On today's episode, Neela Hummel and Mary Beth Storjohann get candid about their personal finances, opening up about their strengths, weaknesses, successes, failures, and what they've learned in their careers about managing money as individuals, partners, and parents. They'll also get honest about the nuances of managing finances with their partners, balancing their checkbooks and children, teaching their kids about money, and how they stay mindful about setting priorities while avoiding lifestyle inflation.

For additional resources, information, and a full transcript of the episode, visit our website. View our podcast disclosure information here.

What You'll Learn in This Episode:
  • An inside look at how finances are handled in Mary Beth and Neela's families
  • How they align their money with their family values
  • Different accounts Mary Beth's family uses to allocate money to achieve her family goals
  • Why Mary Beth and her family believe investing in experiences is so important
  • Why you must invest in your future self
  • The importance of finding balance in your discretionary spending
  • Restrictions Mary Beth and Neela notice they place on themselves around finances
  • Their approach to credit cards, the number of credit cards each has, and why
  • The different investment accounts each uses
  • The conversations Mary Beth and Neela have with their spouses around money (and why)
  • The most important document most financial planning clients wait to do (and why you should get it done now!)
  • The overall theme both advisors value when it comes to their finances
Resources Mentioned on the Show: Stay Connected: ]]> 0:44:43 false How Financial Advisors Manage Their Own Money https://static.libsyn.com/p/assets/f/7/e/a/f7ea175204a5b85ae55e3c100dce7605/10.How_Financial_Advisors_Manage_Their_Own_Money.png Money and Mindfulness with Spencer Sherman 9 https://podcast.show/3974346/episode/154195458/ 154195458 b3f70868-b42e-44d4-9672-8800a0f06641 Neela Hummel Wed, 12 Jul 2023 06:30:00 +0000 If you're not careful, money can have an undesirable impact on your life, so it's important to remain mindful and intentional around your finances. But what does that look like exactly? And how do you achieve that when there are so many social challenges surrounding money? On this episode of If Money Were Easy, Mary Beth and Neela talk with Abacus Wealth Partners Co-Founder Spencer Sherman, MBA, CFP® to explore these questions. Spencer shares how to remain mindful around your money and how to approach difficult money situations. He also talks about the value of understanding what your "enough" looks like and how that relates to financial mindfulness. Join us today and learn about the transformative power of mindfulness.

For additional resources, information, and a full transcript of the episode, visit our website.

What You'll Learn in This Episode:
  • How money looks with (and without) mindfulness
  • The impact of using a more mindful approach to money
  • Approaching an uncomfortable money situation with mindfulness
  • The benefits of getting comfortable with being uncomfortable
  • The importance of the uncomfortable pause
  • A question to ask yourself when you're feeling stressed or anxious
  • How you can find joy around money
  • The three steps to practicing self-compassion
  • How breaking money patterns can bring joy into your life
  • The meaning of mindfulness and what "enough" looks like
  • Why it is so important to figure out your "enough"
Resources Mentioned on the Show: Additional Resources: Stay Connected:

See important disclosure information.

]]> 0:41:55 false Money and Mindfulness with Spencer Sherman https://static.libsyn.com/p/assets/1/2/6/6/1266cbf45084a76f88c4a68c3ddbc4f2/9._Money_and_Mindfulness_with_Spencer_Sherman.png Divorce & Your Money: How to Maintain Your Financial Health with Lara Lamb 8 https://podcast.show/3974346/episode/154195457/ 154195457 470f0bd0-2564-45a5-9b03-ac0a6d6de171 Neela Hummel Wed, 05 Jul 2023 06:30:00 +0000 The transition from being married to the single life can be extremely difficult emotionally. Even more challenging, divorcing couples must untangle their finances. But what do you do if you feel finances aren't your strong suit? On today's episode, Mary Beth and Neela welcome Lara Lamb, CFP® to explore what you need to know about protecting your long-term finances during a divorce. Lara is the in-house divorce expert at Abacus Wealth Partners. She's been providing financial planning for over 20 years and specializing in divorce for the last seven. Tune in as she provides her insight and experience on how this major life transition can impact your money life and how to maintain your financial health during divorce.

For additional resources, information, and a full transcript of the episode, visit our website.

What You'll Learn in This Episode:
  • Lara's expertise and how she got into helping people transition financially from married to single life
  • The different phases of divorce and what's associated with each phase
  • Questions to ask yourself during phase one and the info you should be collecting
  • How to get more comfortable with phase one transitioning to single life
  • Where to get started if you're not actively involved in the day-to-day finances within your marriage
  • Software you can use to aggregate your financial data and a website to help you with budgeting
  • When you should consider getting professionals involved
  • What a Certified Divorce Financial Analyst can do for you during the divorce
  • Not all assets are created equal, so how do you approach who gets what (including the house)
  • The importance of looking at the short-term and long-term impact of assets
  • Why you need to consider the tax implications for each asset as it's being divided up
  • One actionable takeaway if you are considering transitioning from married to single life
Resources Mentioned on the Show: Additional Resources: Stay Connected:

See important disclosure information

]]> 0:38:06 false Divorce & Your Money: How to Maintain Your Financial Health with Lara Lamb https://static.libsyn.com/p/assets/7/e/9/c/7e9c3a887f3c9cbf88c4a68c3ddbc4f2/8._Divorce__Your_Money_How_to_Maintain_Your_Financial_Health_with_Lara_Lamb.png The Gender Wealth Gap and What to Do About It (Part 2 of 2) 7 https://podcast.show/3974346/episode/154195456/ 154195456 089a2dc9-ba62-4ef1-b940-c24f0459e7dc Neela Hummel Wed, 28 Jun 2023 06:30:00 +0000 The gender wealth gap demonstrates how much change is still needed in today's business world. This topic is not discussed as frequently as the gender wage gap, but there is a direct correlation between the two. Building on foundational issues raised in our Gender Wage Gap podcast, the gender wealth gap is becoming more of a challenge for women. Listen today to hear Mary Beth Storjohann and Neela Hummel discuss some staggering statistics around the gender wealth gap and what we can do to make a positive impact for change.

For additional resources, information, and a full transcript of the episode, visit our website.

What You'll Learn in this Episode:
  • Defining the gender wage gap and gender wealth gap
  • Statistics proving the wage gap is still real and how it impacts the wealth gap
  • Eye-opening statistics on the gender wealth gap
  • Defining the gender investment gap
  • Are women more risk averse or is there another explanation?
  • The underrepresentation of women in the financial industry
  • How this information impacts the gender debt gap
  • How the Equal Opportunity Credit Act of 1974 has tried to make a difference
  • Why the gender wealth gap is more important than the gender pay gap
  • How everyone can help make a systemic change
  • How men can make an impact to create change in the gender wealth gap
  • The impact men can provide through sponsorship versus mentorship
  • The actions women and non-binary people can do to create systemic change
  • Why you should fight for more seats instead of being the 'queen bee'
  • Why a world with no wealth gap is a better place
Resources Mentioned on the Show: Additional Resources: Stay Connected:

See important disclosure information.

]]> 0:28:26 false The Gender Wealth Gap and What to Do About It (Part 2 of 2) https://static.libsyn.com/p/assets/a/4/2/6/a426488c83aa24fce5bbc093207a2619/7.__The_Gender_Wealth_Gap_and_What_to_Do_About_It_Part_2_of_2.png The Gender Wage Gap and What to Do About It (Part 1 of 2) 6 https://podcast.show/3974346/episode/154195455/ 154195455 0470567e-1370-4700-9399-9346fd135b51 Neela Hummel Wed, 21 Jun 2023 06:30:00 +0000 The gender wage gap has always been a thing, but we want to know if it's getting smaller and what (if anything) is being done to close it? Will it be enough? What can companies do to help close this gap and what are some things you (as an employee) can also do? Tune in to today's podcast where co-hosts Mary Beth Storjohann, CFP® and Neela Hummel, CFP® discuss these questions and more. You'll hear about statistics behind the gender wage gap, and how and why it's still around.

For additional resources, information, and a full transcript of the episode, visit our website.

What You'll Learn in this Episode:
  • What the gender wage gap is and its financial impact on women
  • Thoughts on where the gender pay gap came from
  • How things looked for women before the Equal Pay Act
  • The systemic barriers that have been in place for decades
  • Unconscious bias impact on the gender wage gap
  • How long it will take for gender earnings to be equal based on current trends
  • What role the pandemic has played and its negative impact on closing the wage gap
  • The reason more women than men left the workforce to stay at home during the pandemic
  • What can be done to change the systemic issue of the gender wage gap
  • How to identify the income of your peers to see if you're getting paid a fair wage
  • What to do when you recognize you've reached a dead end with your job
  • Why you should apply for a job, even if you don't meet all the qualifications
  • The benefits of closing the gender wage gap
  • Why the financial industry needs a more diverse group of people when it comes to managing and investing money
  • What people you need in the room when trying to change your organization
  • Work benefits to fight for and how to optimize those benefits from your employer
  • Boundaries placed on workers that might deter them from stepping out of the workforce
  • A dramatically underpaid industry that should be paid more
  • The one big takeaway from this episode
Resources Mentioned on the Show: Additional Resources: Stay Connected:

See important disclosure information.

]]> 0:33:18 false The Gender Wage Gap and What to Do About It (Part 1 of 2) https://static.libsyn.com/p/assets/c/a/9/a/ca9a4735b038c5d1e5bbc093207a2619/6._The_Gender_Wage_Gap_and_What_to_Do_About_It_Part_1_of_2.png Money Questions You Should Be Asking Your Parents 5 https://podcast.show/3974346/episode/154195454/ 154195454 a369e6e5-bdeb-4d0f-bace-1ab8ae959857 Neela Hummel Wed, 14 Jun 2023 06:30:00 +0000 Having a conversation about money with your parents can be challenging and uncomfortable. It's a discussion people often put off for far too long, but it's an essential conversation (or series of conversations), especially if your parents' plan is to lean on you financially down the road long after they've retired.

So where do you begin? What questions do you ask to help you prepare for a better understanding of where your parents are at financially without being too invasive? Listen to this episode where Mary Beth and Neela explore the best way to approach these conversations and which valuable questions you can ask your parents. You'll learn about topics that can be extremely sensitive and how to broach them so you know what to expect when the time comes to help your parents meet their needs.

For additional resources, information, and a full transcript of the episode, visit our website.

What You'll Learn in this Episode:
  • The family and money situation many people are finding themselves in
  • The unspoken words that cause family stress around money and how to alleviate that stress
  • Where to begin when talking money with your parents
  • The two C's you can use when thinking about having the money conversation with your parents
  • Where to begin the money conversation once a safe environment is established
  • Which pieces of information you should try and gather about your parent's finances
  • The spicier topics you really need clarity on from your parents
  • How to approach touchy money subjects with your parents to make the conversation a bit easier
  • The reason why people put up walls when the topic of money comes up
  • Some health care items to focus on as your parents approach retirement and beyond
  • Questions to ask your parents regarding long-term care insurance
  • The item that must be set up in your parent's financial plan that is not for them
  • The best way to get your parents moving on their estate planning documents if they don't have them in place
  • Three questions to ask when documenting estate planning decisions
  • If you're in charge of executing someone else's estate, there are a few things you want to make sure you have
  • The question you should end with when discussing your parent's money plans
Resources Mentioned on the Show: Additional Resources: Stay Connected:

See important disclosure information.

]]> 0:28:56 false Money Questions You Should Be Asking Your Parents https://static.libsyn.com/p/assets/7/2/9/5/7295c3c35f63e53e16c3140a3186d450/5._Money_Questions_You_Should_Be_Asking_Your_Parents.png How to Invest Intentionally with Lindsey Woodward 4 https://podcast.show/3974346/episode/154195453/ 154195453 10ca1236-d2d1-4c57-8182-eed6d1e862c8 Neela Hummel Wed, 07 Jun 2023 06:30:00 +0000 So you want to invest your money, but you also want to invest in companies doing good things for the world. Can you do that? Absolutely! You can invest intentionally and help make a change for the better. But how? On this episode of If Money Were Easy, Mary Beth and Neela talk to Lindsey Woodward from Abacus Wealth Partners about ways to invest guided by your values, what your investment options are regarding ESG, socially responsible investing, and impact investing, and how to invest with confidence.

Lindsey Woodward is the Co-Chief Investment Officer at Abacus. She has a wealth of knowledge and a history of investing intentionally while helping her clients do the same. Hear some of her tips on how to get started, how to make sure you're investing in ways that align with what you care about most, and hear about a true story when investor engagement created impactful change.

For additional resources, information, and a full transcript of the episode, visit our website here.

What You'll Learn in This Episode:
  • What values-aligned investing means
  • Ways you can screen your portfolio to reflect your societal beliefs and values
  • The best way to divest, invest, and engage with companies to make an impact in your investing
  • How companies are reacting when shareholders come together and speak up about a societal issue
  • The reason ESG investing is gaining popularity
  • Arguments for and against ESG investing
  • The best way to tell if you are investing in a true ESG fund (and not being suckered into a marketing scheme)
  • A good resource showing how a specific fund ranks in areas that are important to you
  • Myths around values-aligned investing
  • You want to make an impact everywhere with your investing, so where to start?
  • Is impact investing a trend or will it be around for a while?
  • Where demand is coming from for ESG funds and intentional investing
  • How intentional investing has evolved over the years
  • The best way to measure your impact when investing intentionally
  • The benefit of an impact report and what it looks like at Abacus Wealth Partners
  • One investment story that resulted in positive change
  • The top two steps to start your journey in intentional investing
Resources Mentioned on the Show: Additional Resources: Stay Connected:

See important disclosure information.

]]> 0:38:20 false How to Invest Intentionally with Lindsey Woodward https://static.libsyn.com/p/assets/2/c/d/5/2cd52e8e1d8aa89340be95ea3302a6a1/If_Money_Were_Easy_Cover_Art_3000x3000-20230711-aas969m8oa.png A Woman's Guide to Growing Wealth 3 https://podcast.show/3974346/episode/154195452/ 154195452 bff7f60f-4e1a-4814-bb1b-b5be8a717aca Neela Hummel Wed, 31 May 2023 07:00:00 +0000 Women don't always have it easy when it comes to growing their wealth. Today on the If Money Were Easy podcast, co-hosts Mary Beth Storjohann, CFP® and Neela Hummel, CFP® address some of the unique financial challenges women face, how women can leverage their voices to take more control of their financial future, and explore strategies women can embrace in their 40s, 50s, 60s for growing and protecting their wealth, and how women can approach retirement with a newfound confidence.

Growing wealth for women doesn't have to be complex. It can be fun, exciting, empowering and something genuinely enjoyed. Listen to this episode to learn how women can better understand their present and future needs, and build a better plan for their financial future.

For additional resources, information, and a full transcript of the episode, visit our website.

What You'll Learn in This Episode:
  • How money is unique for women
  • A study showing the compounding factors affecting women's financial well being
  • The best superpower to find in a financial advisor (it might not be what you think)
  • How women can grow wealth in their 40s and the pressures they may face
  • A great place to start when growing your wealth
  • How to prioritize where you allocate your money
  • Retirement strategies that help keep you on track
  • The mindset shift that should happen as you move into your 50s
  • A good rule for that next great investment you might hear about
  • How to plan now for future expenses (especially if you have or are considering children)
  • The importance of earmarking money for a future expense when large purchases or expenses are on the horizon
  • What role life and disability insurance plays in your financial future
  • How to avoid "the freakout" once you reach retirement
  • The importance of keeping community once you've reached retirement
  • Adjustments to make on your insurance policies when you approach retirement
  • Your financial journey is like a roller coaster, and that's okay!
  • A few episode takeaways and how a reverse bucket list can guide you toward reaching your financial goals
Resources Mentioned on the Show: Additional Resources: Stay Connected:

See important disclosure information

]]> 0:36:06 false A Woman's Guide to Growing Wealth https://static.libsyn.com/p/assets/7/4/3/b/743bfac90c5255fae55e3c100dce7605/3._A_Womans_Guide_to_Growing_Wealth.png The Art of Being a Breadwinning Woman 2 https://podcast.show/3974346/episode/154195451/ 154195451 a7533b52-960f-4f74-bc38-2ae95a5fdec0 Neela Hummel Wed, 31 May 2023 06:45:00 +0000 Being a breadwinning woman has its unique challenges. Today Mary Beth Storjohann and Neela Hummel talk about some of these challenges and how to address them. They also explore some of the societal pressures women face and how those can be amplified when you're the family breadwinner. You're not alone if you feel like you're juggling all these demands, so tune in to connect with other women's experiences and see how they've learned to help ease some of these stresses.

For additional resources, information, and a full transcript of the episode, visit our website.

What You'll Learn in This Episode:
  • What is a breadwinner? How is it different for women compared to a traditional role?
  • Invisible work not typically accounted for when discussing women's workload at home and in the workplace
  • The double standard society has with raising children
  • A marble analogy for why women are so hard on themselves
  • Additional preparations women should take for their financial future
  • Statistics showing why it's crucial for women to take control of their financial lives
  • Questions to ask yourself to know what your "enough" looks like
  • The importance of starting with "why" instead of "how" when it comes to financial choices
  • If partnered, the importance of being on the same financial page
  • The significance of treating your financial journey as a road map
  • Finding the balance between saving and enjoying the wealth you're building
  • The one main takeaway for breadwinning women
Resources Mentioned on the Show: Additional Resources: Stay Connected:

See important disclosure information.

]]> 0:26:48 false The Art of Being a Breadwinning Woman https://static.libsyn.com/p/assets/a/e/6/4/ae64de7e106aed2788c4a68c3ddbc4f2/2._The_Art_of_Being_a_Breadwinning_Woman.png Welcome to the If Money Were Easy Podcast 1 https://podcast.show/3974346/episode/154195450/ 154195450 d9608234-9078-42d0-9520-f175e5a3f861 Neela Hummel Wed, 31 May 2023 06:30:00 +0000 Welcome to the If Money Were Easy podcast! Co-hosts Mary Beth Storjohann, CFP® and Neela Hummel, CFP® explore timely topics regarding your money, including the wins and losses they've personally experienced along the way. Show guests will include leading authors, business owners, professionals, and many of the in-house financial advisors here at Abacus Wealth Partners, all discussing how to grow your wealth, make an impact with your money, and expand what's possible with your finances.

Tune in to the first episode to find out more about co-hosts Mary Beth and Neela, how they ended up in the financial industry, and the many lessons they have learned.

For additional resources, information, and a full episode transcript, visit our website.

What You'll Learn in This Episode:
  • What to expect from listening to If Money Were Easy
  • The impact of Mary Beth and Neela's backgrounds, and how it led them into the financial industry
  • How Neela's background guides her approach in helping others with their finances
  • Money messages Mary Beth received growing up and how it impacts her finances today
  • The most challenging part of keeping your financial path pointing in the right direction
  • The one question Mary Beth uses with clients to help determine financial success
  • Why this podcast was created and what they hope you take away from it
  • Where the podcast's name came from and why money isn't always easy
  • The industry myth of how challenging money should be (and why it's a myth)
  • What drives Abacus Wealth Partners and other guests you'll hear from
  • Neela and Mary Beth share the best financial advice they've ever received
  • Everyone makes money mistakes; find out the ones Mary Beth and Neela have personally experienced
Resources Mentioned on the Show: Stay Connected:

See important disclosure information.

]]> 0:26:11 false Welcome to the If Money Were Easy Podcast https://static.libsyn.com/p/assets/7/2/c/b/72cb55d80bcff7a916c3140a3186d450/1._Welcome_to_the_If_Money_Were_Easy_Podcast.png