Breaking Money Silence

Brittney Castro, CFP®, CRPC®, AAMS® and Founder of Financially Wise Women Is it really necessary to work 80-hour weeks? Give up time with family and friends to make money? In this podcast, listen to Brittney Castro, financial planner, and Kathleen delve into this myth. Learn the origins of this myth and the steps you can take to overcome it and leave peacefully with money. Also take advantage of a special offer to Breaking Money Silence™ listeners. Sign up for Brittney’s Money Class, a 6-week online financial planning program and receive $100 when you use the discount code, “FWW100”.  To register, visit http://www.fwwmoneyclass.com. Brittney Castro, CFP®, CRPC®, AAMS® and Founder of Financially Wise Women, has a passion for teaching women and couples in their 30s and 40s the art of managing money – the fun and simple way. She is a well-known financial expert and has been featured on CNN, CNBC, CBS, and Fox News.  Her work has appeared in the The Wall Street Journal, Journal, The New York Times and in Glamour, Elle, Marie Claire, as well as others. This year Chase selected Brittney is to be the Chase Latina Financial Education Ambassador, a role in which she’ll be traveling the country, giving interviews and speaking at events in an effort to spread financial literacy to more Hispanic women and men. She can be reached at brittney@financiallywisewomen.com

Ann Hutchins, Certified Financial Coach, Author How much are you willing to pay for college? Is it true that attending an Ivy League school is always worth the price of admission? In this podcast, listen to Ann Hutchins, certified financial coach and co-author of Finance Is Personal: Making Your Money Work for You in College and Beyond, shatter the myth that education is priceless. You will walk away knowing the value talking to your college-bound kids about money and how to start the conversation. Ann Hutchins has more than 30 years of investment experience, holds an MBA in Finance from Babson College and a BA in American Studies from Hamilton College. Originally from Massachusetts, she now lives and practices in California, and enjoys the outdoor lifestyle the state offers—sailing, biking, swimming and, occasionally, participating intriathlons. For more information, visit her website at www.abhutchins.com

Dr. Sarah Newcomb shares with listeners why the most common budgeting advice given, determining wants vs. needs, leads us to feel deprived. Instead she encourages individuals and couples to focus on developing strategies for fulfilling their basic human needs. As a result, you will be more mindful in your spending and better able to live within your means.   Sarah Newcomb, Ph.D., is a behavioral economist at Morningstar’s HelloWallet and author of the book, LOADED: Money, psychology, and how to get ahead without leaving your values behind. Her research interests focus on the effects of social and cognitive psychology on personal financial decision-making and her work has been featured in the Washington Post, Reuters, Money, and Bloomberg. She is also a regular contributor to PsychologyToday.com where she writes the blog, Loaded. Check out Sarah's new book, Loaded, and learn more about money psychology and living a healthier financial life. Sarah can be contacted at Sarah.Newcomb@morningstar.com 

Julie Fortin, MSF, CFP®, Wealth Manager and Money Coach at Northstar Financial Planning Financial success is viewed in our culture as the only real indicator of our worth. However, success only looks at the numbers, and neglects the other components that contribute to financial health. In this interview, Julie and Kathleen discuss what it means to be truly happy with your relationship with money and the steps you can take to be more mindful around money. Julie Fortin, MSF, CFP™, is a Wealth Manager and Money Coach at Northstar Financial Planning, a fee-only, financial life planning firm located in New Hampshire. During her almost 20 years working in the financial services industry, she has gained a unique perspective on what it means to have wealth and prosperity. Julie is currently being trained through the Financial Psychology Institute™ and is working on a graduate certificate in financial psychology and behavioral finance. For more information about Julie’s services and upcoming workshops, email her at julie@northstarfp.com. 

Stephen Wershing, CFP® ,President, The Client Driven Practice If you raise your fees will your clients disappear? Steve and Kathleen discuss the myth that charging higher fees makes it harder to get clients. Whether you are a financial advisor or a small business owner, the struggle to set and ask for money can be challenging. Listen in and discover how to bust this myth wide open and work with more of your ideal clients. Stephen Wershing, CFP®is President of The Client Driven Practice, a firm that employs a research-based system to show financial advisors how to attract more referrals, and the author of Stop Asking for Referrals: A Revolutionary New Strategy for Building a Financial Service Business that Sells Itself published by McGraw Hill in 2012. Steve has published numerous articles and been quoted in publications such as Journal of Financial Planning, Financial Advisor,Investment Advisor, Investment News and USA Today. For more information about his work, email him at steve@theclientdrivenpractice.com. 

Jim Silbernagel, CFP® LUTCF, Real Wealth®, Registered Advisor with Woodbury Financial Services, Inc. Jim was motivated to discuss this myth because it can be heartbreaking to see situations when the parents pass away and fights over the will resulted in their children not speaking to each other again. Estate planning is a crucial conversation parents need to have with their adult children. However, some parents believe that if their kids are smarter than they were, then they don’t need to talk to them about money. The truth is it’s always important to communicate with your family about finances. Join us for today’s episode and find out how to bust this myth wide open and engage in important conversations about money and estate planning with family members.  Jim Silbernagel is an independent agent registered with Woodbury Financial Services, Inc. and the creator and host of Real Wealth®, an online radio program for insurance and financial professionals. He entered the insurance and financial business over three decades ago and has a CFP and LUTCF, as well as various security licenses. Jim leads Power Session LIVE, a monthly best practice and sales ideas session with top industry leaders. He can be reached at 262.626.2590 or at jsilbernagel@sgadvisor.net.

Michelle McKinnon,Financial Advisor, Payne Capital Management Michelle discusses how through her relationships with her clients she has discovered how many people buy into the myth that Social Security will provide for them in retirement. In this podcast, she warns listeners about how Social Security can lead you into a false sense of security and how important it is to be proactive about retirement savings. Listen in and learn how to start tracking your expenses and realistically planning for the future. Michelle McKinnon is a financial advisor with Payne Capital Management (PCM) and hosts a weekly podcast called $martWomen. Michelle is committed to helping women manage their finances with ease. To learn more, visit her website at http://paynecm.com/ or listen to her podcast at $martWomen.

April Lane Benson, Ph.D, ShopaholicNoMore.com More than 18 million Americans are shopaholics and the myth that shopping can buy happiness permeates our society. Join Dr. Benson and Kathleen as they talk about compulsive buying and how your mindset about shopping can be part of the problem, and part of the solution. Dr. Benson explains how shopping is actually a process of searching (for a life partner, a travel experience, or an adventure) and how she uses this concept to help clients recover from this financially devastating disease. April Lane Benson, Ph.D., is a nationally known psychologist, in practice in New York City for more than 35 years, who specializes in the treatment of compulsive buying disorder. She is the author of several books including her most recent one To Buy or Not To Buy: Why We Overshop and How to Stop. April offers treatment and group coaching, both in person, on the telephone, and trains therapists who want to learn her model of treating shopping addictions. April can be reached at 917.885.6887 or aprilbensonphd@me.com. Worried about yourself or a friend? Take Dr. Benson's free assessment. Just click here.   

Eric Roberge, CFP®, Founder of Beyond Your Hammock In today’s episode, Eric and Kathleen talk about the myth “Why making more money won't make you happy.” This myth is personal to Eric as he learned that money doesn’t make you happy or sad, but work/life balance does. Interestingly enough, finding this work/life balance may be easier for the Millennial generation than others. Listen in to hear Eric and Kathleen delve into how to reframe this myth, and how to focus on what truly makes you happy. Eric Roberge, CFP®, Founder of Beyond Your Hammock is one of Investment News’ 40 Under 40 for 2016 and he was named one of the top 10 CFPs under 36 by Wealth Management Magazine. He’s also been named to Financial Advisor Magazine’s list of Top 10 Young Advisors to Watch. He frequently speaks to professional financial associations and groups, including the FPA, NAPFA, and fi360 about how financial advisors can work with next generation clients. Eric can be reached at 978.273.3135 or eric@beyondyourhammock.com.

Rhonda Noordyk, Founder & CEO, The Women’s Financial Wellness Center, LLC Rhonda Noordyk, Founder & CEO of The Women’s Financial Wellness Center, LLC and Certified Women’s Leadership Coach, joined Kathleen on this episode. Together they discussed the false belief that only those without money need financial literacy training. Rhonda shares her experience starting a for-profit center focused on educating and supporting women in transition such as death of a spouse or divorce. She provides tips on how to bust through this myth (Hint: Become aware, tolerate uncomfortable feelings and then decide what, if anything, to change.)  Rhonda ends the program with a special offer for Breaking Money Silence™ listeners:  Mention you listened to this podcast and receive 10% off on the next New Beginnings™ facilitator training. This course is designed for financial advisors, insurance agents, attorneys, and therapists. To register, call 262.522.1502 or visit the website.  Rhonda Noordyk brings over a decade of financial industry and higher education experience to the marketplace. In 2014, she opened The Women’s Financial Wellness Center. Its mission is to alleviate the financial vulnerability of women in transition by providing a safe environment for them to acquire financial knowledge and learn practical tools. The center also offers access to a team of financial wellness experts and holistic collaborative partners. In addition, Rhonda developed and facilitates New Beginnings™ workshops to help women challenge money attitudes and guide them step-by-step through the change process, whether it be divorce or widowhood. Her work has been featured on Fox6 News, Studio A, and Morning Blend. For more information, click here. 

Women business owners are diverse as they don't all think, act, and plan the same way. The majority do want to grow their businesses, but what motivates them to do so can be different than what motivates their male counterparts. Listen to today's episode as Kathleen and Sherri talk about women entrepreneurs, how they view risk and business growth differently, and discover tips for more successfully working with this segment of clients. Hint: Start by letting go of this myth! After working for more than 20 years at a major Canadian bank, primarily in Commercial Banking, Sherri Munro founded Munro Consulting Services, (http:www.munroeconsulting.ca), specializing in working with women entrepreneurs. She helps these clients feel more prepared, knowledgeable, and confident to grow their businesses. Through one-on-one coaching,skill-building sessions, and comprehensive discussions about their business, finances and market, Sherri collaborates with established business owners to formulate the right approach to raise capital for their businesses, and to have deep and meaningful conversations and relationships with their Business Bankers. For more information, follow Sherri on Twitter @MunroC3 or e-mail her directly at sherri@munroconsulting.ca.

Chris Venn, Partner –  The Legacy Companies As most myths, the myth ‘Money is a sign of how many people you’ve helped’ is a blend of truth and story. Chris and Kathleen talk about the upside and downside of giving or helping people and how it impacts our relationship with money. The upside of this myth is that the more you help people, the more money can flow to you. Money flows to purpose. The downside is that if you help too much (perhaps by ‘helping’ good people and not invoicing them for your time because you believe karma will work it out), that helping gets in the way of prosperity. Chris Venn is one of the Partners at The Legacy Companies, a Boston-based consulting and training firm that helps top financial advisors evolve their businesses by transforming how they engage with wealth holders. Although Chris has been an entrepreneur for his entire business career, he started by being trained to protect royalty,heads of state, and business leaders by former members of the British SAS. He brings the same precision, discipline and clarity to his work in business and with his clients. You can contact Chris at 519.902.2082. Twitter: @chrisvenn LinkedIn: https://www.linkedin.com/in/chrisvenn

Our money history affects how we relate to money throughout our life. These childhood experiences leave both positive and negative impressions and impact our financial behavior in adulthood. Listen in as Kathleen and Michael discuss how you can break free from being a prisoner of your money history and live a “rich” life no matter what your net worth.  Michael F. Kay, CFP® is President of Financial Life Focus, a fee-only multi-advisor financial life planning firm and the author of The Feel Rich Project (Career Press, June 2016) and The Business of Life. He and his financial advice have been featured in The New York Times, The Wall Street Journal, Fox Business, Forbes and Psychology Today.Through his books, workshops, speeches and client base, he’s helped thousands of women, men and families master their financial lives

Join Kathleen and Eleanor for an enlightening conversation as they explore this myth.  Eleanor discusses how most women entrepreneurs fall into this false belief and fail to invest enough time into the marketing and sales part of their businesses. Listen and discover how to defy this way of thinking and start clearly asking or the sale. Eleanor Beaton is the founder of Fierce Feminine Leadership. She is an award-winning journalist, speaker and women's leadership coach. Eleanor helps emerging and established women leaders step into their power, dial up their influencing skills and take their seats at the tables where the big decisions get made. For more information, visit www.eleanorbeaton.com.  Special Breaking Money SilenceTM Offer: Take Eleanor’s Fierce Feminine Leadership Assessment at no cost and discover YOUR fierce feminine leadership style.   

Kathleen interviews Shell Tain, a certified money coach and friend, about one of her favorite money myths. Shell discusses how this unhealthy money script can give a person a false sense of control and get in the way of true intimacy between partners.  By the end of their time together, they both agree a healthier belief is to allow others to “engage in money with me” and share this part of our lives. Shell Tain is a credentialed certified coach, a money coach who knows how to help people make changes. As an Accountant/Controller for many years, Shell gained first hand money experience in everything from "start-ups" to mid-sized companies. She knows that improving the way you are with money isn’t just about number crunching. Shell, the Untangler, helps you find a way out of your money knot. For more information or to schedule a complimentary money coaching session,visit http://shelltain.com/ or call 503.258.1630.