The Financial Freedom Community Podcast: Personal Finance | Get Out of Debt | Financial Independence

Getting Out of Debt with Bobbi Olson (Centsable Chat) 0

Nov 16, 2020

Today we are talking with Bobbi Olson.

Bobbi was raised poor and believed her situation was hopeless.

“I can’t afford it” was Bobbi’s motto, and she immediately excused any offered solutions as overwhelming or unattainable.

Bobbie learned that changing the way she thinks about money and disciplining herself to manage it, was the only way to gain control of her finances.

And today Bobbi is debt free.

Timeline:

00:42 - Intro
01:09 - Bobbi's Financial Freedom Journey
03:28 - The Debt Snowball Method
05:16 - Why Did Data Change Your Outlook?
07:18 - Slowing Down Your Financial Freedom Journey to Achieve Success
10:43 - The First Step to Get Out Of Debt
16:42 - Spending Plan vs. A Budget
21:01 - The Zero Sum Budget
23:10 - Debt Payoff Methods
29:35 - Achieving Financial Freedom When You Continue to Fail
32:01 - Tips to Ditching Debt
34:42 - Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?
36:54 - Rapid Fire: What is the best financial advice you have ever received?
37:53 - Rapid Fire: Share an internet resource, such as Raise or Rakuten with the Financial Freedom Community?
39:21 - Rapid Fire: What is one book you recommend?
40:33 - Contacting Bobbi

Resources & Links:

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Turning Your Hobby and Passion Into Your Job with Doc G (Earn & Invest) 0

Nov 2, 2020

Today we are hanging out with Doc G.

Doc G is a physician who discovered financial independence and semi-retired from medicine to write and podcast.

You can catch Doc G every Tuesday and Thursday on the Earn & Invest Podcast.

Timeline:

00:42 - Intro
01:01 - Doc G's Financial Freedom Journey
06:00 - Thinking About Your Past Experiences
09:41 - The White Coat Investor
12:11 - Your Career as Your Identity
13:52 - Turning Your Hobby and Passion Into Your Job
26:08 - Rental Properties as Income
32:51 - You Don't Make Your Wealth By Investing
37:30 - What Doc Go Would Do Differently?
38:39 - Accidental Financial Independence
39:35 - Doc G's Hesitation with Retiring Early
42:53 - Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?
43:08 – Rapid Fire: What is the best financial advice you have ever received?
44:04 – Rapid Fire: Share an internet resource, such as Raise or Rakuten with the Financial Freedom Community?
44:37 – Rapid Fire: What is one book you recommend?

Resources & Links:

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Trade or Treat & Gifting Stock Shares with Chuck Jaffe (Money Life) 0

Oct 28, 2020

We are hanging out with Chuck Jaffe.

He's an award winning journalist and is the author of three books including “Getting Started In Finding a Financial Advisor”, “The Right Way to Hire Financial Help” and “Chuck Jaffe’s Lifetime Guide to Mutual Funds”.

Chuck can also be heard as the host of the Money Life Podcast.

But today we are here to talk about his very cool twist on Trick-Or-Treating.

Timeline:

00:58 - Intro
01:37 - Chuck's Trade or Treat Tradition
15:00 - Lasting Memories of Trade or Treat
16:39 - Alternative Version of Trade or Treat
18:11 - Reasons to Host a Trade or Treat
21:37 - Trade or Treat's Cost
24:27 - Money Lessons of Trade or Treat
31:24 - Do You Ever Get Pushback From Parents?
41:08 - Contacting Chuck
43:44 - Gifting Stock Shares
59:07 - Taking Children to Shareholder's Meetings

Resources & Links:

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Finances Within the Black Community with Harrine Freeman (H.E. Freeman Enterprises) 0

Oct 20, 2020

Today we are talking with Harrine Freeman.

Harrine has appeared on ABC, Fox, and CBS and been featured in several major publications, including Forbes, The Wall Street Journal, US News and World Report, Time, and many more.

She is the creator of the best-selling book, How to Get Out of Debt: Get an “A” Credit Rating for Free, which offers her simple financial strategies to change or improve anyone’s financial life.

Harrine is also the founder, CEO, and Owner of H.E. Freeman Enterprises, a company that focuses on improving the financial lives of their clients and delivering them peace of mind.

Timeline:

00:42 - Intro
02:00 - Financial Obstacles Within the Black Community
13:03 - Is America Heading in the Right Direction?
16:08 - Why the Black Community Owns Fewer Homes?
19:41 - Does Applying Online Change Things?
22:13 - Wealth Disparity Between Black Community and White Community
24:11 - Job Availability & Pay Disparity
26:50 - International vs. Domestic Racism
28:17 - Regional Racism
32:05 - The Black Lives Matter Movement
35:50 - How Can American's Change Systemic Racism?
39:11 - Harrine's Optimistic Message
40:37 - Contacting Harrine

Resources & Links:

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Paying Off $1,000,000 of Debt with Naseema McElroy (Financially Intentional) 0

Oct 14, 2020

Today we are talking with Naseema McElroy.

Naseema was making six figures for years as a Labor and Delivery Nurse but still found herself struggling with money.

Finally realizing she couldn't out-earn her financial ignorance, she knew she had to make some changes.

By shifting her mindset around money, being consistent and intentional, she paid off $1 million in debt and grew a six figure net worth in three years.

Today Naseema is the founder of Financially Intentional, where she discusses how taking control of her finances has enabled her to overcome bankruptcy, divorce, and break the cycle of living paycheck to paycheck.

Timeline:

00:43 - Intro
01:30 - Naseema's Journey
06:12 - Having a Purpose
09:57 - You Can't Out Earn Financial Ignorance
11:52 - Taking Control of Your Money
14:18 - "A House You Can Afford"
19:41 - Owing the IRS
23:29 - What Naseema Would Do Differently?
27:07 - The Money Mindset Shift
36:48 - Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?
38:09 – Rapid Fire: What is the best financial advice you have ever received?
38:23 – Rapid Fire: Share an internet resource with the Community?
38:53 – Rapid Fire: What is one book you recommend everyone read and why?
39:18 - Naseema's Final Advice
40:01 - Contacting Naseema

Resources & Links:

Financial Freedom Community
Financial Freedom Community Facebook Group
FFC 063 - Student Loan Forgiveness & Refinancing with Travis Hornsby (StudentLoanPlanner.com)
Journey to Launch Podcast
ChooseFI Podcast
Clever Girl Finance Podcast
JL Collins Stock Series
The Simple Path to Wealth: Your road map to financial independence and a rich, free life - JL Collins
The Millionaire Next Door: The Surprising Secrets of America's Wealthy - Thomas J. Stanley
Financially Intentional
Instagram: NursesOnFirePodcast
Instagram: FinanciallyIntentional
Twitter: FinancialIntent
Facebook: FinanciallyIntentional
Facebook: NOFPodcast
Pinterest: financiallyinte
LinkedIn: Naseema Mcelroy
TikTok

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Financial Planning with Melinda Davis (Davis Wealth Advisors) 0

Oct 6, 2020

Today we are talking with Melinda Davis.

Melinda is a Certified Financial Planner, Chartered Retirement Planning Counselor, and the founder of Davis Wealth Advisors.

Before starting Davis Wealth Advisors, Melinda found herself working with a financial advisor that didn’t have her best interest in mind.

As a result Melinda is passionate about providing transparency, education and clarity along with building deep relationships with her clients.

Timeline:

00:43 - Intro
01:22 - Melinda's Journey
07:33 - What is a Financial Planner?
14:50 - Financial Planner vs. Certified Financial Planner (CFP)
18:13 - Fiduciary vs. Suitability
27:58 - Flat Fee vs. Percentage Fee Financial Planner
33:16 - When should you go to a Financial Planner?
40:25 - The Financial Planning Experience
48:29 - The Wealth Management Experience
56:01 - Financial Planner Cost
01:01:05 - Melinda's Final Takeaways
01:05:23 - Contacting Melinda

Resources & Links:

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Financial Coaching with Kelsa Dickey (Fiscal Fitness Phoenix) 0

Sep 23, 2020

Today we are chatting with Kelsa Dickey.

Kelsa is the Founder and Financial Coach behind Fiscal Fitness Phoenix.

What began as a side hustle for Kelsa over a decade ago has grown into a business that helps hundreds of clients every year gain clarity, purpose and peace of mind with their money.

Four years ago, she decided financial coaches are the key to solving the stress people feel with money so she launched the Financial Coach Academy - a robust training program that teaches future financial coaches how to get great results with their clients.

Timeline:

00:43 - Intro
01:29 - Kelsa's Journey
06:19 - What is financial coaching?
07:41 - Your Emotions and Achieving Financial Freedom
09:26 - Financial Coaching as a Couple
11:03 - The Reality of Financial Coaching
14:11 - Knowing You are Ready for Financial Coaching
18:35 - Types of Financial Coaches
20:49 - What to Expect from Financial Coaching
46:27 - Cost of a Financial Coach/Finding a Financial Coach
58:09 - Contacting Kelsa

Resources & Links:

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Buying Life Insurance with Dennis LaVoy (Telos Financial) 0

Sep 8, 2020

Today we are hanging out with Dennis LaVoy.

Dennis is CERTIFIED FINANCIAL PLANNER™ designation (CFP®) and a Chartered Life Underwriter (CLU®) and founder of Telos Financial, a holistic financial planning firm.

Dennis has worked in the financial planning industry since 2008 and is passionate about helping others achieve their goals.

He lives in Michigan with his wife and two kids

Timeline:

00:45 - Intro
01:35 - Dennis' Journey to Becoming a Certified Financial Professional
03:55 - What is Life Insurance?
04:49 - Types of Life Insurance
08:10 - How Much Coverage Do You Need?
12:14 - The Convertible Feature
15:35 - Life Insurance Health Ratings
16:58 - Who Needs Life Insurance?
22:33 - Does Everyone Need Life Insurance?
23:19 - The Life Insurance Physical
24:56 - Choosing a Term
27:19 - Getting the Best Rates
33:22 - Deciding Which Company
34:30 - Should Spouses Get Identical Plans?
35:44 - Features/Riders to Look Out For
36:45 - Finding Someone to Help You Buy Life Insurance
39:54 - Contacting Dennis

Resources & Links:

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Teenage Finances with Brian Brandow (BrianBrandow.com) 0

Aug 25, 2020

Today we are hanging out with Brian Brandow.

Brian last appeared on episode 20 where he shared how he and his family paid off over $100,000 in debt.

Since changing his financial life he has taught his three kids how to handle money and avoid the mistakes he made.

Today Brian has turned into a champion for financial literacy and has created the "How To Rock Your Money" workbook, in hopes of helping teenagers navigate their own financial future.

Timeline:

00:45 - Intro
03:16 - When Should We Be Talking to Our Kids?
03:54 - Should Kids Be Included In Your Financial Discussions?
08:43 - Kids and Jobs
09:34 - Giving Children Allowances
11:30 - Teaching Your Children about Finances
14:22 - Explaining to Your Kids about Your Financial Mistakes
15:30 - The Parent's Role in Children's Spending
18:44 - Talking about Paying for College
22:30 - Discussing Retirement with Teenagers
23:45 - Teaching Entrepreneurship
26:25 - The Importance of Giving Back
27:04 - The Most Important Thing to Discuss with Your Children
28:01 - The "How To Rock Your Money" workbook
29:11 - Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?
29:43 - Rapid Fire: What is the best financial advice you have ever received?
30:23 - Rapid Fire: What is an internet resource such as Raise or Rakuten that you recommend?
32:00 - Rapid Fire: What is one book you recommend everyone read and why?
32:59 - Contacting Brian

Resources & Links:

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Blast Away Your Debt and Create Freedom & Flexibility with Adam Carroll (The Shred Method) 0

Aug 18, 2020

Today we are chatting with Adam Carroll.

Adam is an internationally recognized speaker and author. He is a two-time TED talk speaker, with one of his talks surpassing 5 million views, creator of the documentary film, Broke Busted & Disgusted and the founder of The Shred Method.

Adam is also the host of The Build A Bigger Life Podcast and a retreat leader within his community of life architects.

Adam lives through the principle “build a bigger life, not a bigger lifestyle” and is doing this through helping others identify their 10 year freedom plan.

Timeline:

00:45 - About Adam
01:29 - Adam's Journey
04:02 - You Create Your Own Reality
12:55 - The Student Loan Crisis
15:52 - Avoiding Student Loans
21:36 - The Future of Student Loans
24:59 - The Shred Method to Paying Off Debt
34:48 - Build a Bigger Life, Not a Bigger Lifestyle
44:27 - The 10 Year Freedom Plan
46:37 - Contacting Adam

Resources & Links:

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Finding Financial Support with Scott Maderer (Inspired Stewardship) 0

Aug 11, 2020

Today we are talking with Scott Maderer.

After struggling with their own financial habits, Scott and his wife Carrie, changed their financial life and paid off their debt in 2009.

Since becoming debt free Scott and his wife have started a coaching business, Inspired Stewardship, to help others who are struggling to live out their own calling in life.

Scott is a certified Human Behavior Consultant, a member of the John Maxwell Team and is the host of the Inspired Stewardship Podcast.

Timeline:

01:02 - Intro
01:56 - Scott's Journey to Becoming a Financial Coach
04:52 - What is Financial Coaching?
06:30 - Consultant vs. Coach
14:02 - The Initial Financial Coaching Call
16:27 - What to Expect from Financial Coaching
23:26 - What is a Financial Advisor/Financial Planner?
26:03 - Financial Advisor Fee Structures
29:30 - Financial Advisor vs. Financial Coach
31:10 - Pay Off Debt or Invest
33:42 - When to Call a Financial Coach?
35:24 - Contacting Scott

Resources & Links:

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Finding Your Calling with Scott Maderer (Inspired Stewardship) 0

Aug 5, 2020

Today we are talking with Scott Maderer.

After struggling with their own financial habits, Scott and his wife Carrie, changed their financial life and paid off their debt in 2009.

Since becoming debt free Scott and his wife have started a coaching business, Inspired Stewardship, to help others who are struggling to live out their own calling in life.

Scott is a certified Human Behavior Consultant, a member of the John Maxwell Team and is the host of the Inspired Stewardship Podcast.

Timeline:

00:45 - Intro
01:39 - Scott's Journey to Becoming a Financial Coach
04:27 - Finding Your Calling
13:25 - Time, Talent, & Treasure
21:13 - 1% Improvement
23:32 - Progress vs. Perfection
26:10 - Contacting Scott

Resources & Links:

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From a Mercedes-Benz to A Thrifted Bike with Steven Donovan (Even Steven Money) 0

Jul 28, 2020

Today we are hanging out with Steven Donovan!

Steven is a financial coach and the man behind the Even Steven Money Blog.

After some early financial stumbling blocks, Steven paid off over $100,000 in personal debt in just 5 years.

Now, Steven is sharing what he learned with others to help them get out of debt and avoid the same early pitfalls.

Timeline:

00:45 - Intro
01:14 - Steven's Financial Freedom Journey
03:28 - Mercedes-Benz to Bike
09:07 - Evaluating Your Expenses/Negotiating Your Expenses
16:54 - The aha Moment
22:49 - Staying Motivated
26:50 - Aligning Your Finances with Your Values and Goals
30:14 - Finances and Your Fitness
34:51 - Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?
36:17 - Rapid Fire: What is the best financial advice you have ever received?
37:48 - Rapid Fire: Rapid Fire: What is an internet resource such as Raise, CardCash or Rakuten that you recommend?
39:19 - Rapid Fire:What is one book you recommend everyone read and why?
40:18 - Contacting Steven

Resources & Links:

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The Career Journey with Jenn Walker Wall (Work Wonders Careers) 0

Jul 21, 2020

Today we are hanging out with Jenn Walker Wall!

Jenn is the founder of Work Wonders Careers and is the co-host of the .

Before founding Work Wonders Careers Jenn worked in HR and hiring at MIT, Harvard University, and Massachusetts General Hospital.

As the founder and career strategist of Work Wonders Careers Jenn is helping individuals get clear on their goals, confident in their value and convey it in a compelling way throughout their career journey.

And that is what we are talking about today.

Timeline:

00:44 - Intro
01:43 - Finding Clarity and Confidence
07:48 - Transferable Skills
10:16 - Starting Your Job Search
14:55 - Gaps in Your Resume
18:13 - Biggest Mistakes When Job Searching
25:08 - The Purpose of the Resume
26:50 - Acing the Interview
29:03 - Making Sure the Job & Company are a Good Fit
33:08 - Negotiating Salaries
36:14 - Promotions Without Pay Raises
38:48 - Developing a "Network"
43:39 - Rapid Fire: What is the best financial advice you have ever received?
30:57 - Rapid Fire: Rapid Fire: What is an internet resource such as Raise, CardCash or Rakuten that you recommend?
45:44 - Rapid Fire:What is one book you recommend everyone read and why?
46:37 - Contacting Jenn

Resources & Links:

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Your Values and Your Finances with Todd Tresidder (Financial Mentor) 0

Jul 15, 2020

Today we are hanging out with Todd Tresidder.

Todd became a self-made millionaire in 12 years and "retired" early at the age of 35.

Todd has been featured on NPR, in Forbes, and the Wall Street Journal.

Today you can find Todd mentoring others on how to invest, build wealth and retire early on the Financial Mentor Podcast and blogging at Financial Mentor

Timeline:

00:44 - Intro
01:12 - Todd's Story
02:43 - Money is Not Freedom
04:47 - Achieving Financial Freedom with Balance
07:56 - Net Worth $0 to Early Retirement
09:23 - Value over Cheap
19:28 - When Should You Plan for Retirement?
22:38 - Deciding Your Goal Retirement Dollar Amount
25:53 - "It's not about doing it perfectly, it's about getting started"
26:35 - Financial Intelligence
28:30 - Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?
30:57 - Rapid Fire: What is an internet resource you recommend?
31:43 - Rapid Fire:What is one book you recommend everyone read and why?
35:26 - Contacting Todd

Resources & Links:

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Student Loan Forgiveness & Refinancing with Travis Hornsby (StudentLoanPlanner.com) 0

Jul 7, 2020

Today we are hanging out with Travis Hornsby.

Travis is the founder of Student Loan Planner, where he dedicates his time to helping individuals find ways to save money on their student loans.

Timeline:

00:44 - Intro
01:55 - Travis' Story
04:20 - Different Strategic Approaches to Student Loans
09:41 - Loan Forgiveness
20:07 - Private Refinancing
27:54 - Paying Off verse Holding Onto Student Loans
32:52 - "The Carnage that's Happening in Grad Schools"
37:16 - Securing a Low Refinance Interest Rate
38:52 - Refinancing Walkthrough
46:45 - Contacting Travis

Resources & Links:

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Living an Intentional Life with Melissa Thomas (MelissaTheCoach.com) 0

Jun 30, 2020

Today we are chatting with Melissa Thomas.

Melissa is a financial coach, the author of the book Building My Yellow Brick Road: Life Lessons from Pursuing a Dream, and the blogger behind MelissaTheCoach.com.

But before doing all of that Melissa hit financial rock bottom in 2009 and slogged her way to successfully paying off over $43,000 in debt in just 4 years.

Timeline:

00:44 - Intro
01:17 - Melissa’s Financial Freedom Journey
07:01 - The Afford It Fallacy
11:31 - How much to save in an emergency fund
14:15 - Personalizing your Financial Freedom Journey
18:17 - Comparing Yourself to Others
20:05 - When your spouse isn’t ready for Financial Freedom
27:56 - Debt Free is Life Changing
29:21 - Leaving Your Comfort Zone
35:49 - Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?
39:26 - Rapid Fire: What is the best financial advice you have ever received?
40:00 - Rapid Fire: What is an internet resource such as Raise, CardCash or Rakuten that you recommend?
42:17 - Rapid Fire: What is one book you recommend everyone read and why?
44:48 - Contacting Melissa

Resources & Links:

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Swing Trading the Stock Market with Tela Holcomb (TelaHolcomb.com) 0

Jun 24, 2020

Today we are chatting with Tela Holcomb.

Tela began trading in 2009 and went on to double her retirement in 8 months and retire from her “9 to 5” by the age of 29.

Today Tela trades full-time while sharing her knowledge at TelaHolcomb.com

Timeline:
- 00:44 - Intro
- 01:12 - Tela’s Financial Freedom Journey
- 05:25 - Should you pay off your mortgage?
- 06:07 - Different Investment Styles
- 08:13 - Deciding what stocks to buy
- 15:30 - Deciding when to sell
- 18:03 - Protecting yourself from loss
- 22:59 - The one thing Tela wishes she knew from the start
- 24:43 - When should you start investing?
- 26:07 - How do you start investing?
- 27:29 - Tools and Resources to Use
- 30:30 - Dealing with a Company’s Bad News
- 32:25 - Creating a List of Stocks to Trade
- 34:16 - How much do you need to start investing?
- 35:39 - Rapid Fire: Who is your financial hero?
- 36:59 - Rapid Fire: What is one financial book everyone should read?
- 37:55 - Rapid Fire: What is your biggest financial failure?
- 38:54 - Investing as a Couple
- 43:36 - Contacting Tela
Resources & Links:

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Manage Spending & Goal Setting with Ericka Young (Tailor-Made Budgets) 0

Jun 16, 2020

Today we are hanging out with Ericka Young.

Ericka and her husband paid off nearly $100,000 of debt in the first 5 years of their marriage.

After paying off her debt Ericka went to Nashville to train with Dave Ramsey and his team to become a financial coach to assist others in getting out of debt.

Ericka is the author of the book Naked and Unashamed - 10 Money Conversations Every Couple Must Have.

Timeline:

00:44 - Intro
01:18 - Ericka's Financial Freedom Journey
04:57 - Why we are in debt...
07:42 - Goal Setting
12:29 - Social Media's Impact
14:28 - Finding Money in Your Budget/Managing Spending
23:43 - Goal Setting Continued
28:02 - Hidden Expenses of Buying a House
29:17 - Planning Out the Monthly Spending
33:32 - Couple's Money Conversation
39:06 - Rapid Fire: Share an internet resource like Mint with the Financial Freedom Community
41:01 - Rapid Fire: What is your favorite financial blog?
42:02 - Rapid Fire: What is one financial book that everyone should read?
44:26 - Contacting Ericka

Resources & Links:

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Planning for a Newborn & Lowering Your Expenses with Jenny & Jimmy Carroll 0

Jun 10, 2020

Today we are chatting with Jenny and Jimmy.

Jenny and Jimmy are the bloggers behind LivingLifeLovingUs where they share their story along with budgeting tips, culinary creations, and health and fitness advice

Jenny and Jimmy together have paid off $120,000 of debt in less than 24 months.

Timeline:

00:44 - Intro
01:13 - Jenny & Jimmy's Financial Freedom Journey
10:51 - Cruise Money Saving Hack
12:56 - Financial Changes After Having Kids/Newborn Budget Hacks
15:38 - Lowering Your Expenses/Intentional Spending
25:41 - Financial Advice for Expecting Parents
27:04 - Jenny & Jimmy's Infertility Journey
30:56 - Rapid Fire: Share an internet resource like Mint with the Financial Freedom Community?
31:19 - Who is your financial hero?
32:34 - Rapid Fire: What is one financial book that everyone should read?
33:16 - The Budget Meeting
34:29 - Contacting Jenny & Jimmy