CFO at Home

It’s that time of year. We’re finally shaking off winter and either looking forward to, planning for, or dreaming of travel. And while a quick get-away to the beach or mountains is always great, what about those bucket-list trips, places we’ve wanted to go, experiences we’ve wanted to have, or interests that we’ve wanted to dive into, but just haven’t gotten around to for some reason? Developing an intentional strategy for bucket list travel is the topic on this episode of CFO at Home with Christina Trotter, travel advisor, writer, and Founder of Destined Globetrotter. You can learn more about Christina and Destined Globetrotter by visiting destinedglobetrotter.com

(07:15) Family Travel

(14:43) Making Intentional travel plans

(17:40) Creating your bucket list

(41:15) Christina’s site destinedlglobetrotter. com

Key Links

• destinedglobetrotter.com

• Instagram - Chrissy Trotter (@destined_globetrotter)

• https://www.facebook.com/DestinedGlobetrotter

Contact the Host - [email protected]

When it comes to preparing for your retirement, at the end of the day, no one has as much on the line as you do. Even if you’re fortunate enough to have access to financial professionals to advise you, what are some essential things that you need to keep in mind, and be on the lookout for, in order to look after your own best interest? That’s the discussion on this episode of CFO at Home with Retirement Income Certified Professional and host of the Money Matters podcast Christopher Hensley. To learn more about Christopher and the Money Matters Podcast check out moneymatterspodcast.com

Key insights:

- The significance of understanding your retirement plan and healthcare options (11:00)

- Converting retirement savings into steady income (27:15)

- The impact of financial literacy on retirement readiness across different communities (45:00)

Key Links

• Website - houstonfirstfinancialgroup.com MONEY MATTERS with Christopher Hensley

Contact the Host - [email protected]

Despite our best efforts to budget, save, invest, and be careful with our spending, a single medical emergency can present significant challenges to even the most thorough of financial plans. Given the ever rising price of healthcare and healthcare insurance, what can we do to help manage the impact of these costs on our finances? That’s the conversation that Vince has on this episode of CFO at Home with Robert Hertz, retired insurance agent and crusader against medical debt. You can learn more about Robert and his mission by going to theantidebtagenda.com

(05:10) Initial Avoiding and dealing with accumulated medical debt

(13:50) Beyond the initial steps

(14:05) Under some federal legislation, unpaid medical bills are not reported to credit bureaus

(21:03) Some doctors and even some hospitals will give you a payment plan

(25:12) There are a couple of things that can be done nationally to reduce medical debt

Ways to contact/follow:

• http://www.theantidebtagenda.com/

Contact the Host - [email protected]

Remember a couple of years ago when everybody was talking about Bitcoin, Cryptocurrency and NFTs? Hear much about them today? Was it all just a passing fad, or are there things about Cryptocurrency and the technology behind it that it would be beneficial for us to be aware of from a financial literacy standpoint? That’s the discussion Vince has on this week’s episode of CFO at Home with Professor Tonya Evans, Author of Digital Money Demystified, and host of the Tech Intersect podcast. You can learn more about Professor Evans, Digital Money Demystified and the Tech Intersect podcast by going to DigitalMoneyDemystified.com, or TechIntersectPodcast.com

Show Notes:

(3:16) Defining cryptocurrency and blockchain technology

(9:46) The trust factor behind crypto and how it compares to traditional currency

(17:15) The potential for marginalized communities to gain a first-mover advantage in the digital currency space

(26:30) The importance of becoming financially literate in the digital age and the role of crypto assets

(31:00) How recent events have affected the crypto market and what it means for investors

(42:02) Practical steps for beginners to start exploring and understanding the world of crypto

Ways to contact/follow:

• Tonya M. Evans

• Tech Intersect Podcast

• Digital Money Demystified

• Tonya M. Evans #DigitalMoneyDemystified (@ipprofevans) • Instagram

• Tonya Evans - Facebook

Resources

• Coindesk.com

• Coinmarketcap.com

• Unchained Podcast

Contact the Host - [email protected]

Google “Stressful life events”, and more often than not the results will list divorce as #2, right behind the death of a spouse or loved one. For all of the stress and pain that comes with the process, how can the financial part of a break-up be handled in a civil, respectful, and fair manner? That’s the topic that Vince dives into on this episode of CFO at Home with Leah Hadley, founder of Intentional Divorce Solutions, and host of the Intentional Divorce Insights podcast. You can learn more about Leah and Intentional Divorce Solutions by going to IntentionalDivorceSolutions.com

Show Notes

(06:27) Leah serves as a financial neutral or an advocate during divorce

(08:49) Common mistakes people make when going through divorce include giving up marital home

(12:49) Taking the time to fully understand your assets

(18:57) The importance of liquidity, having access to cash during transitions

(21:43) Protect your credit throughout the divorce process

(26:43) The importance of Financial Transparency

(29:13) Prenups

(32:30) Leah offers support groups for women and men going through divorce

Ways to Contact

• IntentionalDivorceSolutions.com

• https://www.instagram.com/intentionaldivorcesolutions

Contact the Host - [email protected]

Did you know that March is National Credit Education Month? To mark the occasion, Vince thought he’d share some info from the National Financial Educators Council Credit Education Guide. If you’d like a copy of the full guide, just drop him a note at [email protected]

Credit Bureaus are

• Companies that collect information about your credit and other financial obligations

Credit History

• Companies that you have loans with report how you have managed your debt to the credit bureaus. All this information is compiled into your credit history.

Credit Score

• Credit scoring companies (FICO and AdvantageScore) use credit history info to calculate and assign you a credit score, which is used as a measure your creditworthiness

• The FICO scoring system is currently the most widely used and currently evaluates the following credit history elements with the following weights:

  • 35% is based on your payment history.

  • 30% reflects the amounts you currently owe.

  • 15% is from the length of your credit history.

  • 10% is from new credit and the number of recently-opened accounts.

  • 10% is based on the types of credit you use.

• FICO credit score ranges

• Exceptional 800 - 850

• Very Good 740 - 799

• Good 670 - 739

• Fair 580-669

• Poor 300 - 579

Credit Report

• A summary of your credit history and credit scores is published by the credit bureaus as a credit report

Resources

• www.AnnualCreditReport.com

Contact the Host - [email protected]

In the final episode of CFO at Home’s Money and Relationships series, Vince talks with Greg Davis, retired Senior Finance Executive, academic, and author of the book "Checkmate: Tips & Lessons to help you Make the Right Moves to Achieve Happiness!”, about how both Money and Relationships ultimately impact our happiness. You can learn more about Greg and Checkmate by visiting davischeckmate.com

Show Notes:

(00:00) Introduction to CFO at Home's financial coaching and education services announcement

(01:30) The staggering statistics on American happiness and financial preparedness

(6:47) Greg’s CHECKMATE framework and how it relates to money and relationships

(12:00) Work-life balance

(32:18) The concept of 'money dates' and how they can strengthen a couple's financial unity

(39:00) Take the time to find a good life partner

(46:18) Greg’s upcoming course based on "Checkmate" and the release of the audiobook

Ways to contact/follow:

• DavisCheckMate.com

Contact the Host - [email protected]

On this Money and Relationships episode of CFO at Home, Pastor, marriage coach and author Kelly DuPee and I dive into the subject of marriage and money. We discuss how Kelly successfully navigated through his own marital challenges, marital friction and financial disagreements, the importance of oneness, trust and communication when managing finances as a couple, and more. You can learn more about Kelly, his coaching services, and his book Turn It Up, How To Have The Lifelong Marriage That You Really Want by visiting turnitup.coach

Show Notes:

(00:00) Introduction to CFO at Home's new financial coaching and education services

(01:48) Kelly’s background and the personal experiences that shaped his approach to marriage coaching

(11:40) Financial arguments (explosive anger)

(15:34) The importance of financial unity (oneness)

(19:45) Strategies for couples to discuss and manage their finances collaboratively

(25:27) The importance of trust

(28:41) Kelly's techniques for effective communication and conflict resolution in financial matters

(40:46) The offer of discounted access to Kelly's book for CFO at Home listeners

Contact/follow:

- Website: turnitup.coach

- Book Offer: turnitup.coach/75

- Contact the Host - [email protected]

CFO at Home’s Money and Relationships Month rolls on this week with a focus on Dating and Money with Christopher Hill, the Founder of The Gentlemen’s Group Christopher and Vince discuss the impact of stable relationships on financial success, the idea of financial “ do’s and don’t” in the dating world, the importance of establishing genuine connection with your romantic partner, and more. You can learn more about Christopher and The Gentlemen’s Group by going to thegentlemansgroup.com

Show Notes:

(07:25) The correlation between stable relationships and financial success

(10:37) The impact of societal definitions of manhood on personal and financial growth

(14:25) The importance of partnership and transparency in managing personal finances

(21:36) Christopher's approach to dating and establishing a genuine connection

(36:54) Addressing misconceptions and bad advice in the dating world

Ways to contact/follow:

• thegentlemansgroup.com

• Instagram @improvemydating

Contact the Host - [email protected]

All this month on CFO at Home, the focus is on Money and Relationships. Have you ever loaned money to a friend or family member, only to find yourself regretting it later? Have you struggled with saying no or setting limits in relationships, both personal and financial? If so, stick around for this episode and check out Vince’s conversation with Heather Claus. Heather is an educator, coach, and author of the book "Take No Sh*t" – Build better relationships through discovering, creating and maintaining healthy boundaries in three (sometimes five) simple steps. Heather shares her personal experiences and the lessons she learned about the importance of setting boundaries, breaks down the six types of boundaries and shares tips about establishing healthy boundaries, particularly in relation to money. Learn more about Heather and her book at My.Curiouser.Life

Show Notes:

(00:00) Introduction to CFO at Home's new financial coaching and education services

(02:50) Heather Claus's background and the impetus behind her book on boundaries

(5:56) The six types of boundaries and their overlap with financial well-being

(7:04) The nuances of material boundaries and the psychology behind lending money

(8:08) Strategies for setting boundaries with family members, including parents

(30:10) The relationship between self-esteem and establishing boundaries

(34:22) The importance of being true to oneself in relationships and financial matters

(42:00) Heather's approach to coaching and the wealth of resources available on her website

Ways to contact/follow:

• Curiouser.Life

Contact the Host - [email protected]