Send us a textOur guest today is Susan Washburn, CFP®, CeFT®, JD, Senior Financial Advisor of ProVise Management Group. Forced to rebuild her life after Hurricane Katrina and an unexpected divorce, Susan found herself feeling overwhelmed and lost in the world of finance. Instead of letting this define her, she decided to get smart about money and pursue a career in financial planning.Today, Susan helps women take ownership of their financial lives. Join us as we discuss the importance of setting personal financial goals, seeking out supportive financial professionals, and, most importantly, taking small, actionable steps toward financial independence. We’re so grateful to have her on the show today to share her inspiring story and remind us that it’s never too late to get started!Here’s some of what we discuss in this episode:0:00 – Intro1:22 – Susan’s story9:34 – Being involved in financial affairs12:11 – How Susan started over17:03 – The importance of communication in financial planning21:53 – Taking small steps toward and finding a supportive networkLearn more about Susan HEREEpisodes LinksProVise Management Grouphttps://www.provise.com/Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textWe’re excited to be joined by Tiffany Irving, CFP®, CEPA®, Senior Vice President and Wealth Advisor at Mesirow Wealth Management. She is also a first-generation college graduate, the daughter of a single mother and a mother herself. There are so many aspects of her journey that many of us can relate to, and today, we’ll dive into her experience being the primary breadwinner in her household. In a world where more women are navigating the responsibilities of being the primary earner, we thought this would be an insightful conversation to bring to the podcast. She’ll discuss the societal expectations and judgments that women often encounter in this role, as well as the importance of empowerment and education in building financial confidence. From regular "money dates" to effective risk management she has some great insights to share!Here’s some of what we discuss in this episode:0:00 – Intro2:03 – The female breadwinner6:57 – Having conversations about money8:48 – The challenges of female breadwinners16:24 – Financial planning as a couple24:52 – The changing financial landscape27:52 – Open communication about family financesLearn more about TiffanyRead Tiffany’s Bio HEREEpisodes LinksTiffany on Purse Stringshttps://pursestrings.co/professional/financial-advisor/illinois/chicago/tiffany-irving-cfp-cepa/Mesirow Wealth Managementhttps://www.mesirow.com/homeTiffany’s Teamhttps://www.mesirow.com/capabilities/wealth-management/irving-team#1849274314-1719998646Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textThis week’s guest is Carolyn Howard, a certified financial planner and senior manager at Accurate Advisory Group, as well as one of our Purse Strings-approved professionals. Having personally navigated the challenges of widowhood, she brings invaluable expertise to those facing the same difficult path.After her late husband fell ill and passed away within just ten months, Carolyn faced profound grief and a sense of paralysis, even with her extensive financial knowledge. This experience fueled her passion for helping other families navigate similar situations. Today, her mission is to guide, support, and encourage those navigating finances after loss. Tune in as she shares financial first steps for newly widowed individuals, powerful tips on financially preparing for the unknown with your partner, and ways to support loved ones through loss.   Here’s some of what we discuss in this episode:0:00 – Intro1:26 – Carolyn’s background and story6:53 – The importance of financial preparation11:31 – A checklist for widowed people18:06 – Important financial decisions after widowhood25:10 – Supporting friends and family after lossLearn more about CarolynRead Carolyn’s Bio HEREEpisodes LinksCarolyn on Purse Stringshttps://pursestrings.co/professional/financial-advisor/florida/sarasota/carolyn-howardcfp/Sign up for Carolyn’s newsletter ‘Hopeful Ever After’https://www.hopefuleverafter.com/Carolyn’s Love Letter To-Do Listhttps://drive.google.com/file/d/1ikUBolyINpS5LYKAqBd_d79p8s1FH5n-/view?usp=sharingAccurate Advisory Grouphttps://www.accurateadvisory.com/Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textJodie Stauffer, CFP® is the founder and lead financial planner at Parallax Planning & Wealth Inc, and one of our Purse Strings-Approved Professionals! She specializes in working with women and is particularly passionate about working with ADHD and neurodiverse clients. Today, she’ll share her personal journey with ADHD and how it has shaped her unique approach to financial planning.Diagnosed with ADHD in her mid-thirties, Jodie has spent years researching and understanding her diagnosis. This experience inspired her to create a financial planning method that prioritizes understanding and creativity, recognizing that traditional approaches often overlook how neurodivergent brains process information. We’re thrilled to have her with us to discuss what this process looks like and to offer planning tips for those who think they may be neurodivergent or have ADHD.Here’s some of what we discuss in this episode:0:00 – Intro1:12 – Jodie’s story and financial firm7:53 – Understanding neurodivergence and ADHD12:43 – Financial planning with ADHD26:42 – Accounting for a client’s unique needs30:28 – Tips to stay focused and accountable35:32 – ADHD as a superpowerLearn more about JodieJodie Stauffer is an experienced fee-for-service financial planner specializing in personal finance and small business owners. She is passionate about working with mid-to-high-income ADHD and neurodiverse women, and this is reflected in her business, volunteer, and personal life. In 2019, Jodie founded JL Stauffer Financial as an independent financial planning firm. In 2022, she co-founded Parallax Planning & Wealth, a niche-based financial planning firm offering advice-only finance planning and consulting services. Although Parallax primarily focuses on planning, Jodie believes that putting plans into action for clients sets them apart. Her financial services approach always includes plan execution for her clients. With over 25 years of experience in financial management, sales, and leadership, She is committed to providing unbiased financial planning and consulting services to successful women like herself. She possesses a unique blend of expertise and passion, which, coupled with her ADHD superpowers, allows her to think differently and bring about change.Episodes LinksJodie on Purse Stringshttps://pursestrings.co/professional/financial-planner/alberta/edmonton/jodie-l-stauffer/Jodie’s websitehttps://www.jlstaufferfinancial.ca/Jodie on LinkedInhttps://www.linkedin.com/in/jodie-l-stauffer-cfp/?originalSubdomain=caParallax Planning:https://www.parallaxplanning.ca/Parallax on Facebook:https://www.facebook.com/parallaxplanningParallax on Instagram:https://www.instagram.com/parallaxplanning/Smarter, Faster, Crazier Podcast:https://podcasts.apple.com/ca/podcast/smarterJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textToday we have the pleasure of speaking with Stephanie Xenos, who, through investing wisely and living frugally in her twenties, managed to retire from NASA and SpaceX at just 32 years old. Now, she’s a financial coach and CEO of Money Muse, where she works one-on-one with women and travels around the U.S. to speak about investing. Her mission is to help women achieve financial independence and break free from situations where money might be a limiting factor. Whether it's preparing for a divorce or simply gaining better control over their finances, Stephanie equips women with the tools, knowledge, and confidence to take control of their financial futures.Join us as we talk about the importance of taking that first step toward financial independence, the strategies Stephanie used to retire early, and how she's now using her experience to inspire and mentor others!Here’s some of what we discuss in this episode:0:00 – Intro0:58 – Getting to know Stephanie5:16 – The FIRE movement + retiring early8:46 – How Stephanie started helping others12:44 – The importance of money mindset17:53 – Figuring out your retirement lifestyle20:06 – What Stephanie teaches + getting in touch Learn more about StephanieStephanie Xenos is a retired rocket scientist turned women's personal finance expert and speaker, specializing in investing and financial independence. Passionate about teaching women how to manage their finances and grow their wealth, Stephanie seeks to empower women of all ages and diverse backgrounds to jump-start their journey toward financial freedom.Stephanie’s introduction to finance began at the age of 18 when she first taught herself how to invest. She retired at 32 from a career at NASA and SpaceX then founded her company, Money Muse, with the sole purpose of helping women achieve financial independence. As a member of the FIRE (Financial Independence, Retire Early) community, Stephanie empowers women to make generational change and become financial leaders in their own communities.Episodes LinksStephanie on Purse Strings: https://pursestrings.co/professional/financial-coach/texas/austin/stephanie-xenos/Stephanie on Instagram: https://www.instagram.com/stephanie_xenosStephanie on LinkedIn: https://www.linkedin.com/in/stephaniexenos/Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textWe’re so excited to welcome Chelsea Scomak, CFP® to the show! Chelsea is the CEO and advisor of Via Brio Advising and a Purse Strings Approved Professional. Her approach to financial planning is anything but ordinary. We love how she integrates personal coaching into her practice to help clients develop financial awareness and align their strategies with their lifestyle goals through highly personalized planning.In our conversation, Chelsea shares some stories of women who have successfully transitioned from their 9-to-5 jobs to running their own businesses with her guidance. She also talks about her highly customized planning process that focuses on financial behaviors and strategic planning. Tune in as we chat about the importance of taking action in your financial life, building financial awareness, and the power of personalized planning!Disclaimer:Discussions in this show should not be construed as specific recommendations or investment advice. This case study was based upon an individual client experience and may not be representative of the experience of other customers and should not be considered a guarantee or indication of future performance or success. Always consult with your investment professional before making important investment decisions. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker/dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Via Brio and Cambridge are not affiliated.Here’s some of what we discuss in this episode:0:00 – Intro2:00 – Transitioning from a 9-to-5 to entrepreneurship9:04 – Financial planners vs financial advisors11:33 – Chelsea’s customized, behavioral-focused planning process25:57 – Putting yourself first and getting started30:34 – Keeping clients engaged in financial planningLearn more about Chelsea“You’re a driven, entrepreneurial woman who has this dream of having your own business, building wealth outside your 9 to 5, or wanting to build something bigger than yourself, but continue to get stuck in financial overwhelm. I see you. My mission is to provide driven, entrepreneurial women with high-quality financial planning advice in an innovative, upbeat, and flexible way that’s tailored to their lifestyle goals and helps them ditch money overwhelm and achieve financial security to create a legacy of financially empowered female business owners who empower their communities.Different from the 60-year-old male advisor in the suit, my work combines human behavior, money mindset, and financial strategy to create a custom roadmap based on each client’s unique vision.”Episodes LinksChelsea on PurseStringshttps://pursestrings.co/professional/financial-planner/florida/bonita-springs/chelsea-scomak-cfp/Via Briohttps://viabrioadvising.com/Chelsea on Instagram: https://www.instagram.com/viabrioadvising/Chelsea on LinkedIn:httpJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textOur guest this week is the lovely Lauren Rosberg, MA CFP® CRPC® CDFA® AEP®, financial advisor and Purse Strings Approved Professional. As a financial professional and mother of four, she has some great tips to share with us today about nurturing financial literacy in kids. We also get to know a little more about her career, money story, and passion for helping women in the financial field.  Here’s some of what we discuss in this episode:0:00 – Intro1:04 – Lauren’s financial planning background4:54 – Lauren’s money story11:27 – Making money conversations fun for your children20:09 – The value of spending money wisely25:51 – Starting financial literacy conversations with kids early on Learn more about LaurenLauren Rosberg, MA CFP®, CRPC® CDFA® began her career as an advisor over fifteen years ago. She cares deeply for her clients and loves being able to provide comprehensive financial plans to guide clients to their goals. She is authorized by the Certified Financial Planner Board of Standards (CFP® Board) to use the certification marks CFP® in accordance with CFP® Board certification and renewal requirements. Lauren has a master’s degree in industrial/organizational psychology. Lauren lives in Libertyville with her husband, Eric. She is blessed with their four children – Blake, Aubreigh, Adelaide, and Amelia. Most recently, they added Oliver, a goldendoodle puppy, to complete their family. In her spare time, she enjoys being a classroom volunteer, jiu-jitsu, stand-up paddle boarding, ice skating, and reading.Episodes LinksLauren on Purse Stringshttps://pursestrings.co/professional/financial-advisor/illinois/schaumburg/lauren-rosberg-ma-cfp-crpc-cdfa-aep/Lauren at Mercer Advisorshttps://www.merceradvisors.com/meet-our-team/lauren-rosberg/Lauren on LinkedInhttps://www.linkedin.com/in/laurenkk/Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textIn celebration of Barb’s 65th birthday, we gathered a small group of her peers- Maggie Weiss, Karen Van Maldegiam, and Geri Bresnahan- who are all 65. Approaching this milestone often comes with a ton of questions about Social Security, Medicare, retirement, and more. That’s why we’ve also invited Koren Vining, a financial planner, certified Social Security Claiming Strategist, and retirement counselor, onto this episode to help us make sense of it all.From understanding the intricacies of Medicare to maximizing Social Security benefits, Koren breaks down complex concepts into easily digestible information. Our guests share their personal journeys, questions, and dreams for retirement and give us a unique look into this major life transition. Join us as we explore these important topics and celebrate the diverse paths people take as they enter this new phase of life!Here’s some of what we discuss in this episode:0:00 – Intro4:13 – Experiences with Medicare12:40 – Understanding Social Security credits23:21 – Medicare’s IRMAA29:25 – Decisions around enrolling in Medicare at age 6537:15 – Traditional vs Roth IRA + minimizing tax burdens for heirs45:13 – Living the retirement years  Learn more about Koren Vining’s financial services hereJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textWe’re excited to have Philip Weiss, CFA, CPA, RLP®, founder of Apprise Wealth Management and Purse Strings-approved professional, with us today. His journey into the world of finance and dedication to serving the female market is nothing short of inspiring, and we love his holistic approach to financial planning. Phil's dedication to helping others is deeply rooted in his personal experiences. Today, a significant portion of Phil's client base consists of women facing new beginnings, such as divorce, widowhood, or retirement. He finds that life planning is particularly beneficial for these clients, helping them navigate their transitions with clarity and confidence. We hope you’ll join us for a powerful reminder that, with the right guidance and mindset, you can rewrite your story.Here’s some of what we discuss in this episode:0:00 – Intro1:20 – Phil’s background in the financial industry3:30 – Phil’s early experiences with money7:44 – Putting a plan in place to tackle debt16:47 – Phil’s E.V.O.K.E. life planning process 24:49 – How Phil began working with the female market29:13 – Phil’s tips for women experiencing life changesGet Your Free Copy of the How To Flourish Through Life’s Big Changes E-Bookhttps://apprisewealth.com/ebook/Learn more about PhilCheck out Phil's bio HEREEpisode LinksPhil on Purse Stringshttps://pursestrings.co/professional/financial-advisor/maryland/phoenix-1/philip-h-weiss-cfa-cpa-rlp/Apprise Wealthhttps://apprisewealth.com/Phil’s Weekly Blog (Sign up from any page on which a blog appears or through the "Contact Us" link)https://apprisewealth.com/blog/Phil on Social Mediahttps://www.facebook.com/AppriseWealth/(27) Philip H. Weiss, CFA, CPA, RLP® | LinkedInJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textToday on Women and Money, we have Gabrielle Mollick, CFP®, CSRIC®, with us. Gaby is a financial advisor at Mercer Advisors in Denver, Colorado, and a Purse Strings-approved professional. We’re so excited to have her on the show today to share her passion for empowering women to build financially fearless futures.Gaby has a powerful story, watching her parents’ commitment to education, hard work, and intentional financial choices from a young age. However, following the unexpected passing of her father, she and her family faced challenges due to an absence of proper end-of-life planning. Listen in as she talks about the importance of financial literacy, breaks down some common misconceptions about investing, and highlights the value of early financial planning.Here’s some of what we discuss in this episode:0:00 – Intro 1:43 – Gaby’s financial advising journey + upbringing8:41 – The sudden passing of Gaby’s father 14:00 – Mercer’s goals-based approach17:13 – End-of-life planning and incapacitation planning21:53 – Gaby’s advice for getting startedLearn more about GabyGaby is primarily responsible for guiding her clients toward financial success through tax planning, investment management, and strategizing retirement decisions. She also serves on the Mercer Advisors Investment Committee ESG Investments Subcommittee and the InvestHERS Steering Committee, and she leads the Financial Literacy employee program. Gaby’s expertise revolves around a deep-rooted passion for empowering professionals and families of all backgrounds, serving the unique planning needs of women investors, and ESG/values-based investing. Prior to joining Mercer Advisors, Gaby worked with a top brokerage firm. She graduated from the University of Akron, earning a Bachelor of Business Administration degree in financial planning. She holds the FINRA Series 65 license and is a CERTIFIED FINANCIAL PLANNER™ professional and a Chartered SRI CounselorSM.Episode LinksGaby on Purse Stringshttps://pursestrings.co/professional/financial-advisor/colorado/denver/gabrielle-mollick-cfp-csric/Mercer Advisors https://www.merceradvisors.com/meet-our-team/gabrielle-mollick/https://www.merceradvisors.com/Gaby on Linkedinhttps://www.linkedin.com/in/gabrielle-mollick-cfp%C2%AE-csric%C2%AE-440762a6/Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textToday we have the pleasure of sitting down with Andie Kramer, lawyer, author, advocate, and founding member of ASKramer Law, LLC. Over the years, she has written and spoken extensively about gender biases in the workplace alongside her husband, Al Harris. We’re excited to have her on the show today to share insights from her books Breaking Through Bias, It’s Not You, It’s the Workplace, and Beyond Bias. Here’s some of what we discuss in this episode:0:00 – Intro1:08 – Andie’s journey to writing books for women in the workplace9:38 – Self-awareness and confidence-building techniques15:40 – Strategies for organizations to focus on inclusion and combat biases26:20 – Getting men involved in the conversationLearn more about AndieAndie has mentored thousands of women and written hundreds of articles and blog posts on gender biases. Because mentorship opportunities for young executive and professional women are often limited, she co-founded the Women’s Leadership and Mentoring Alliance (WLMA) to recruit senior women to mentor and support younger women on their way up. She has developed a series of leadership training programs and is a frequent speaker on the issue of gender discrimination and bias.Andie speaks frequently to audiences about how to break through gender bias in the workplace. She draws on her professional and business experience to provide audiences with realistic, detailed, and readily usable advice. Andie and her husband, Al, are the co-authors of three award-winning books, and contributing writers to Harvard Business Review’s On Women and Leadership (2019). Andie is also a contributing writer on gender issues in the workplace for Forbes.com, and has been featured on The HuffPost, The New York Times, NBC News, and more.Episodes LinksAndie & Al: https://andieandal.com/about/Andie on LinkedIn: https://www.linkedin.com/in/andiekramer/Andie’s Books: https://andieandal.com/books/ASKramer Law: https://www.askramerlaw.com/aboutJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textOur guest today is Stephanie McCullough, founder and financial planner with Sofia Financial. She specializes in helping women over 45 navigate their financial futures. With over two decades of experience, she brings a wealth of knowledge to the table and is a true advocate for women becoming financially fearless. In our conversation today, we’re going to focus on the shame many women feel around money. Stephanie shares where this shame stems from and some powerful tips for overcoming the barriers that stop so many women from moving forward in their financial journeys. Throughout the episode, she discusses how important it is to align our finances with our values, have open conversations, and understand our behaviors and beliefs around money. Here’s some of what we discuss in this episode:0:00 – Intro1:51 – Why women feel shame around money7:23 – The power of getting started9:15 – Finding an advisor that listens and asks questions14:01– Aligning money with your values20:21 – Beliefs and attitudes about money31:12 – Taking small steps and embracing curiosity  Learn more about Stephanie Stephanie McCullough is founder of Sofia Financial and co-host of the award-winning Take Back Retirement podcast. One of Investopedia's Top 10 Financial Advisors of 2023, Stephanie provides non-judgmental, truly holistic financial planning for professional women. She has found that women “of a certain age” are faced with a particular set of problems around the goal of retirement, especially those facing it on their own. Her mission is to empower women to make wise financial decisions so they can control their future, and thus she speaks to women’s groups regularly. Stephanie is married with two kids in their 20’s, and has degrees from Duke University and the Johns Hopkins University School of Advanced International Studies. Follow Stephanie @sofiafinancial and www.sofiafinancial.com.Episode LinksStephanie on Purse Stringshttps://pursestrings.co/professional/financial-planner/pennsylvania/berwyn/stephanie-mccullough/Website: https://sofiafinancial.com/​​Stephanie’s Take It Back Podcast: https://takebackretirement.com/LinkedIn: https://www.linkedin.com/in/stephaniemccullough/Facebook: https://www.facebook.com/stephanie.mccullough.334Company Facebook: https://www.facebook.com/SofiaFinancialInstagram: https://www.instagram.com/sofiafinancial/Twitter: https://twitter.com/sofiafinancialJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textAre money matters causing tension in your relationship? You're certainly not alone. Money is often cited as the number one reason for conflict in relationships. It's a topic that's fraught with emotion, history, and often, misunderstanding. And that’s where awesome financial professionals like Ed Coambs come in.Ed is a former firefighter turned Certified Financial Planner (CFP®), certified financial therapist, and licensed marriage and family therapist associate. With over two decades of experience and as the founder of Healthy Love & Money, Ed is an expert in resolving conflicts, managing finances, and fostering emotional intimacy within relationships.Here’s some of what we discuss in this episode:0:00 – Intro1:44 – Ed’s journey from firefighting to financial services and therapy10:56 – Ed’s approach to financial planning + your “financial family tree”17:43 – Some underlying reasons why couples seek the help of a financial therapist 22:11 – Some of Ed’s success stories + how financial goals shift over time25:59 – The psychological impact of past financial hardships29:57 – The clients that Ed typically works with + his comprehensive processLearn more about EdEd is an internationally recognized thought leader in financial therapy who has been cited by the Wall Street Journal, the Associated Press, Time, and CNBC. He leads couples through therapy from financial despair and frustration into financial intimacy and connection using the latest in love and brain science. He earned his master's degrees in business, counseling, and financial planning and is a licensed marriage and family therapist, certified financial planner, and certified financial therapist.Episode LinksEd on Purse Strings: https://pursestrings.co/professional/financial-planner/california/los-angeles/ed-coambs/Healthy Love & Moneyhttps://www.healthyloveandmoney.com/Healthy Love & Money Podcasthttps://www.healthyloveandmoney.com/podcasts/healthy-love-and-moneyThe Healthy Love & Money Way: https://www.amazon.com/Healthy-Love-Money-Way-Attachment/dp/195355508X/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1679092335&sr=8-1Facebook: https://www.facebook.com/healthyloveandmoneyLinkedIn:https://www.linkedin.com/in/healthyloveandmoney/Instagram:https://www.instagram.com/healthyloveandmoney/Podcast:https://www.healthyloveandmoney.com/podcasts/healthy-love-and-money Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textDr. April Murdaugh is a Purse Strings-approved financial advisor in Fleming Island, Florida, and the CEO of Woman to Woman Financial. Through her wealth management firm, she is dedicated to helping educate, empower, and encourage women to create and grow generational wealth. We are honored to have her on the show today to share her remarkable story and the five biggest financial mistakes she sees women make.  Here’s some of what we discuss in this episode:0:00 - Intro1:11 – Dr. April’s experience with widowhood and financial hardship + journey to financial advising 8:18 – Avoidance in financial planning9:53 –  Negotiating for higher salaries or fees + working with a coach 13:40 – Prioritizing retirement planning over college savings for children22:07 – Not having a will or estate plan26:44 – Giving your spouse complete control over your finances 32:29 – Having financial conversations with your partnerLearn more about Dr. AprilDr. April D. Murdaugh is a fee-based financial advisor based in Fleming Island, Florida. She specializes in assisting successful women executives and business owners in creating a financial plan that outlines how to live the life they deserve.Having experienced homelessness, widowhood, and divorce- losing everything three times in her life-she is deeply committed to aiding women in fortifying against setbacks and navigating life transitions to achieve financial prosperity.She has held leadership roles in various professional organizations including past president of the Professional Women's Council, president of the National Association of Insurance and Financial Advisors-North Florida Chapter, and Treasurer of the Women in Transportation-Northeast Florida Chapter.She was also President of the American Business Women’s Association-Orange Park Charter Chapter in 2019 and 2020 and was recognized as one of the Top Ten Women American Business Women in 2021. Among her accolades, she received the Small Business Leader of the Year award in 2020 and was named Best Financial Advisor in Jacksonville in 2018 and 2019. Dr. April D. Murdaugh is an approved Purse Strings Professional. She is a mom to four wonderful adult children. In her spare time, she enjoys reading, music, exercising, kayaking, and hiking.Episode LinksDr. April on Purse Strings: https://pursestrings.co/professional/financial-advisor/florida/fleming-island/dr-april-murdaugh/Woman to Woman Financial: https://www.womantowomanfinancial.com/Get in touch with Dr. AprilFacebook: https://www.facebook.com/W2WFinancial/?ref=pages_you_manageLinkedIn: https://www.linkedin.com/in/aprilmurdaugh/Instagram: https://www.instagram.com/draprilmurdaugh/Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textAs a significant portion of wealth is anticipated to shift into the hands of women in the upcoming decades, it is more important than ever for women to be engaged in financial decisions and well-informed. It’s just as important for financial professionals to adapt and meet the unique needs of their female clients. Jean Chatzky is a journalist, personal finance columnist, personal finance ambassador, and founder and CEO of the multimedia company HerMoney. Join us as we dive into these evolving dynamics with her, and cover topics like understanding your money type, the financial impact of caregiving responsibilities, investing, and more!Here’s some of what we discuss in this episode:How HerMoney has grown from a podcast to a comprehensive financial platform for womenThe progress made in women’s financial empowerment + the persistent challenges due to industry jargon and lack of inclusivity The impending wealth transfer to women + the need for financial professionals to adapt and better serve female clientsUnderstanding your money type with HerMoney’s MoneyType quiz The financial impact of stepping out of the workforce + complexities of childcare decisionsLearn more about JeanJean Chatzky is the CEO of HerMoney.com and host of the podcast HerMoney With Jean Chatzky. The financial editor of NBC Today for 25 years and the Financial Ambassador for AARP, she appears frequently on CNN, MSNBC and was a recurring guest on The Oprah Winfrey Show. She is a New York Times and Wall Street Journal best-selling author.  Her latest book is Women with Money: The Judgment-Free Guide to Creating the Joyful, Less Stressed, Purposeful (and Yes, Rich) Life You Deserve. An in-demand motivational speaker and fierce advocate for financial literacy, in 2015, she partnered with the PwC Charitable Foundation and Time for Kids to launch Your $, an in-school magazine that reaches 2 million school children each month.Episode ResourcesHerMoney Newsletterhttps://hermoney.com/subscribe/HerMoney Podcasthttps://hermoney.com/t/podcasts/Take the MoneyType Personality Testhttps://moneytype.hermoney.com/?utm_source=story&utm_medium=rotating_sidebar&utm_campaign=moneytypeInvestingFixxhttps://portal.investingfixx.com/s/Get in touch with JeanJean’s websitehttps://jeanchatzky.com/Linkedinhttps://www.linkedin.com/in/jeanchatzky/Instagramhttps://www.instagram.com/hermoneymedia/https://www.instagram.com/jeanchatzky/Facebookhttps://www.facebook.com/JeanChatzkyJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textThis week on Women and Money, our guest is Marilyn Chinitz. Marilyn is a divorce attorney in New York who has been practicing law for 41 years and has extensive experience in matrimonial matters. She joins us today to help us better understand the world of prenuptial and postnuptial agreements and their importance, especially in cases involving significant wealth or complex financial situations.Here’s some of what we discuss in this episode:Marilyn’s experience in law + The advantages of prenups and periodic reviews of prenups throughout a marriageThe importance of thoroughness and legal expertise in drafting prenuptial agreements Having your own attorney when setting up prenuptial agreements or trusts + protecting individual interests and assetsThe key provisions that should be included in a prenup + avoiding unconscionable terms Prenuptial agreements for average couples looking to protect individual assets + potential state law differencesTiming and cost considerations involved in the processLearn more about MarilynMarilyn Chinitz is a formidable advocate specializing in matrimonial law, focusing on high-net-worth divorce cases. With over 35 years of experience, she navigates clients through complex transitions, handling diverse matters such as:·        Complex divorce actions involving diverse transactional matters·        High-conflict custody cases·        International custody cases including the return of abducted children in proceedings filed under the Hague Convention·        Premarital agreements and postnuptial agreements·        Same-sex divorce/dissolution matters·        Paternity casesKnown for her straightforward, creative, and responsive client approach, Marilyn is as successful in litigation as in settlement negotiations. She has argued winning appeals in the appellate courts of New York, and in trials before the family court and the supreme courts of New York. When high-profile marital matters or recent changes in the law make headlines, Marilyn is a sought-after commentator. She is often quoted in print, and has appeared on local and national television and radio shows including NBC’s The Today Show, ABC News 20/20, Inside Edition, among others.Beyond her legal career, Marilyn is the proud mother of two accomplished adult children. She loves cycling, and participates in fundraising rides, and organizes travel to international destinations.Get in touch with Marilyn:https://www.blankrome.com/people/marilyn-b-chinitzhttps://www.linkedin.com/in/marilyn-chinitz-a262a91b/Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textMatt Friscia is the owner and manager of Transworld Business Advisors of La Grange. With over 1,800 women opening businesses every day in the U.S., we’re excited to dive into the intricacies of buying and selling a business with a seasoned business broker. As a former business owner who worked with Transworld Business Advisors himself, Matt brings a wealth of experience to the table.In this episode, Matt offers a realistic overview of what it looks like to work with a business broker, demystifying the process for those considering a new venture or looking to sell their business. From funding options and tax considerations to the day-to-day reality of business ownership, we learned so much from his insights. Here’s some of what we discuss in this episode:How Matt moved from corporate America to pursue a career in business brokerageThe role of a business broker, the diversity of businesses Matt works with + some misconceptions about buying businesses The intricacies of buying businesses, including down payments, seller financing, discretionary earnings and moreThe preparation, listing process, and emotional aspects of selling a business  Funding options available for those interested in purchasing a businessLearn more about MattPrior to owning his own business, Matt spent 15 years in the media sales industry working with The Disney Company and ESPN. After buying and significantly expanding an in home senior care franchise, Matt successfully sold is business and is now one of the owners of Transworld Business Advisors in La Grange. He and his current team of eight brokers help clients buy, sell, franchise, and valuate businesses. Transworld Business Advisors of La Grange helps to super serve the underserved with businesses under $10M or referred to as “MainStreet” business brokerage. Matt resides in the southwest suburbs of the Chicagoland area with his wife and two children, and volunteers his time with community organizations like the Lemont Park Foundation and the La Grange Business Association. A fun fact about Matt is that he’s a musician that has played professionally for years as a drummer! Get in touch with MattMatt on Purse Stringshttps://pursestrings.co/professional/business-advisor/illinois/la-grange/matt-friscia/Start a conversation with Matt about his services provided in business brokerage https://www.linkedin.com/in/mattfriscia/Transworld Business Advisorhttps://www.tworld.com/agent/mattfriscia/bio/Active Listingshttps://www.tworld.com/locations/lagrange/buy-a-business/active-business-listings/Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textWe’re delighted to sit down with Brian James, a seasoned Divorce and Family Mediator based in Chicago with offices across Chicagoland and Southeastern Wisconsin. As the founder and lead mediator at C.E.L. & Associates, Brian brings over two decades of experience to his practice and has dedicated his career to helping families navigate divorce and domestic conflicts.He’s here today to talk about the mediation process, highlighting its benefits, misconceptions, and how it differs from traditional litigation. Throughout our conversation, he shares some of the unique challenges women might face in divorce, the essential questions they should ask their mediators, and the importance of financial education in navigating divorce with confidence. Here’s some of what we discuss in this episode:What is mediation and how is it different than hiring an attorney?The typical timeframe for mediation + how Brian works with families to navigate finances during this processThe questions that women should ask when consulting with a mediatorManaging client expectations during the mediation process + avoiding emotional decisions that might lead to regretWhen is it better to work with an attorney? What working with Brian looks like, typical costs of mediation, and Brian’s advice for our listenersLearn more about BrianBrian James, a seasoned Divorce and Family Mediator, established C.E.L. and Associates, Inc. in 2005, serving Chicagoland and Southeastern Wisconsin. Brian holds a B.S. in Sociology from Northern Illinois University (1994) and received Mediation and Conflict Resolution training at Northwestern University.For a decade, Brian worked in the Criminal Justice System, aiding domestic violence and divorcing families in resolving conflicts and facilitating healing post-life-altering events. His approach to mediation is client-driven. By aiding his clients with the resolution of their divorce issues outside of the courtroom, Brian helps create a win/win situation for all parties in a divorce.His mediation style not only resolves immediate issues but equips clients with conflict-resolution skills for the future, emphasizing problem-solving, empathy, and informed decision-making. Brian recently celebrated 27 years of marriage to his wife Cindy. They have two boys, Connor, age 25 forever, and Evan, age 22. Connor and Evan are the C. and E. in C.E.L. & Associates, Inc.Get in touch with BrianBrian on Purse Stringshttps://pursestrings.co/professional/mediator/illinois/libertyville/brian-james/C.E.L. & Associates, Inc. https://www.yourdivorce.org/Brian on social mediahttps://www.facebook.com/CELandAssociates https://www.linkedin.com/in/brian-james-1336ba2/  Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textAmy Cook, MSPFP, MPAS®, CFP®, is the proud founder of Maven Lane Financial Group in San Mateo, CA. She has over 15 years of experience as a financial advisor and is no stranger to the unique financial challenges that women face. We’re so excited to have her in our Purse Strings network and on the show today to share insights from her new book, Your Money Narrative.Here’s some of what we discuss in this episode:Forming beliefs and decisions about money based on your previous experiencesHow gender roles and societal expectations impact these money storiesBreaking free from limiting money narratives by talking about your experiences and challenging your ingrained beliefsHow we can use our money stories to inspire and empower the next generation to be financially savvy and independent Amy’s new book + choices and personal priorities in budgetingLearn more about AmyEarly in her career, Amy managed a mortgage company branch, witnessing clients reactively approaching financial decisions. Determined to help people avoid mistakes, she became a financial advisor in 2009, driven by a passion for guiding clients to realistic, attainable goals. Now the proud founder of Maven Lane Financial Group in the Bay area, she advocates for proactive personal finance.Amy pursued financial education, earning her CERTIFIED FINANCIAL PLANNER™ certification and a Master’s degree in Personal Financial Planning. With clients in various life stages and industries, Amy aims to be part of your financial team, offering guidance in the ever-changing landscape of financial planning.Amy is thrilled about her new book, Your Money Narrative, and is a mother of two grown daughters. In her spare time, she enjoys being home with her cute cats and working on passion projects, including decorating, antiques, and a series of children’s books about collections.Get in touch with AmyAmy on Purse Stringshttps://pursestrings.co/professional/financial-advisor/california/san-mateo/amy-cook-mspfp-mpas-cfp/Maven Lane Financial Grouphttps://www.mavenlanefinancialgroup.com/Read an excerpt from Amy’s book, Your Money Narrativehttps://www.yourmoneynarrative.com/excerptYour Money Narrative Checklistshttps://www.yourmoneynarrative.com/resourcesAmy on social mediahttps://www.linkedin.com/in/amy-cook-mspfp-mpas%C2%AE-cfp%C2%AE-3239199/https://www.facebook.com/mavenlanefinancialgroupJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/

Send us a textWe’re excited to welcome Vrinda Gupta to the show. She is the visionary founder of Sequin, a financial platform designed to empower women on their journey to financial freedom. Vrinda shares her inspiring story with us today, starting with a rejection from a credit card she helped create to founding a women's finance club that challenges the norms of the male-dominated financial industry.Listen in as she sheds light on the systematic financial challenges women face and offers practical tips on building a strong credit score, managing credit utilization, and taking control of your financial health. Here’s some of what we discuss in this episode:Vrinda’s experience working at Visa as a product manager and being rejected for a credit card without explanationThe importance of building a credit score under your nameThe systemic biases in the financial world that still affect women todayVrinda’s tips for putting your best foot forward when it comes to creditHow Sequin came to be and what makes it different The key differences between credit and debit cardsClick the link below to get your Sequin membership started for 40% off!https://www.sequincard.com/purse-stringsLearn more about Vrinda:Vrinda Gupta worked at Visa for years, launching popular credit cards. But when she applied for a credit card she helped develop, she was rejected. All her years of responsible payments on her debit card didn't show up in her credit history. To big banks, she was invisible.If you've ever been rejected or hit your credit limit, you know the feeling. That's why Vrinda founded Sequin, to make sure women get the credit they deserve.“There are too many hidden costs to being a woman, and credit shouldn't be one of them.”Get in touch with Vrinda:https://www.vrinda-gupta.com/https://www.linkedin.com/in/vrindag/https://twitter.com/vrinda_tweetJoin the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/ To learn more about money and access additional episodes, visit us online: https://pursestrings.co/