Profit Boss® Radio

Welcome back to the podcast! This episode marks the beginning of something new. I'm relaunching the show under a different name – Love, your Money. If you're a past listener of the podcast, THANK YOU

Welcome to episode 206 of Profit Boss® Radio! In this classic episode from the archives, we're talking about how to stop struggling with chronic debt–no matter how insurmountable it might seem. So many of us struggle with managing debt. Our homes, lives, and budgets can feel totally out of control. To all the moms out there, I know how easy it is to get caught up in all the things that need to get done every day and not even realize that we're allowing massive deficits to pile up. Financial security suddenly feels out of reach to the point where you just want to snap your fingers and wish it all away. This exact scenario played out for today's guest, Lauren Greutman. Lauren is a consumer savings expert, author, and spokeswoman who works to help busy moms create financial freedom for their families. She's been featured on the Today Show, the Rachael Ray Show, Nightline, Good Morning America, Fox & Friends, and WNBC. She's also the author of The Recovering Spender and Insufficient Funds: One Woman's Journey Out of Debt and Into Financial Freedom. If you're ready to finally get your head above water, put your money problems in the rearview, and stop letting your credit cards control your life, you're going to love this episode. Here's what you'll find out in this week's episode of Profit Boss® Radio: Discover how Lauren and her husband, Mark, finally acknowledged the reality of being $40,000 in debt and what steps they took to turn it all around. Lauren shares how she and her husband slashed their grocery bill — they went from spending $1,000 a month to just $250 (and she fed her family on $50/week for 2 years!) What a comprehensive budget is and why it should change every month. Why Lauren's book, written to a spender, from a spender, is unique in the financial book world. Lauren's top tips to live a happy, fulfilled and debt-free life. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/lauren-greutman-recover-from-being-an-overspender Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

When we grow up around wealthy people who aren't happy, it can be extremely difficult for us to care about money at all until it's too late. Once that happens, it can put us at a significant disadvantage as we struggle to find fulfillment in our lives later on. Today's guest, Kimberly Ann Johnson, learned this the hard way. She's a bodyworker, somatic experiencing practitioner, yoga teacher, postpartum advocate, and a single mom. She does hands-on work in integrative women's health and trauma recovery and has written about her experiences in her books, Call of the Wild: How We Heal Trauma, Awaken Our Own Power, and Use It For Good and The Fourth Trimester. On top of all of that, she's also the host of the Sex Birth Trauma podcast.  Rejecting money and capitalism altogether may feel like a radical stance early in life, but it rarely gives us the power to live happily on our own terms. And today, we'll be talking about how to live a financial life that's courageous, effective, and in alignment with your views and goals. In this conversation, we talk about how rare it is for adults to change their minds about anything, let alone money, and how Kimberly came to some crucial conclusions on her own. You'll also hear about my Ignite Investing® program, which you can learn more about at igniteinvesting.com. If you're ready to embrace new perspectives, heal from trauma, let go and get closer to becoming your true self, I know you'll enjoy this episode. Here's what you'll find out in this week's episode of Profit Boss® Radio: How Kimberly's business is currently structured to pay her. Why money and sex both require women to deal with shame, shadow material, and intergenerational behavioral patterns. How trying to resist forces, including capitalism, keeps women stuck and disempowered–and how to embrace spending money without obsessing over material things. The incredible things that happen when generational financial dependency ends. How to rethink your relationship with money, do good, and help people along the way. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/kimberly-ann-johnson-resolving-childhood-money-resentments Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 204 of Profit Boss® Radio! It goes without saying that most small business owners don't love their numbers. To make matters worse, they often struggle to decode exactly what their numbers are telling them. This disconnect can make it hard to know what should be on your calendar next week, next month, and next quarter to drive more profits! In this classic episode from the Profit Boss® Radio archives, I'm joined by Danielle Hayden. She's the CEO and Founder of Kickstart Accounting and host of the Entrepreneur Money Stories Podcast. After 10 years working as a CFO, she realized that her passion was to help women entrepreneurs do something unexpected. Now, she's laser-focused on guiding them to understand their finances to grow their businesses and become more profitable.  In this conversation, Danielle and I discuss how business owners can make sense of their books to grow smarter, not harder. You'll learn why entrepreneurs need more than a bookkeeper to create the sustainable wealth they deserve–and how to get the financial analysis and education you need to build a business and live life on your terms.  If you're ready to take a deep dive into your finances and make sense of your books once and for all, today's episode is for you!  Here's what you'll find out in this week's episode of Profit Boss® Radio: Secrets to effective money management for service based AND product based businesses. The reason why women constantly struggle to pay themselves from their businesses. The important connection between understanding your financial numbers and achieving profitable growth. How to evaluate financial underperformance and determine if it's time to reevaluate a business model. Why you should not be emotionally attached to an unsuccessful business and how doing so can be financially devastating. The PGAs (formerly known as KPIs) I use to understand where to focus my energy and make sure my online service business is growing. What business owners should be paying themselves, and how payouts should work. Why you should have custom tools to measure the financial health of your business. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/danielle-hayden-secrets-to-understanding-your-books Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 203 of Profit Boss® Radio! In this episode, we're talking about how to use a powerful and proven methodology to drive profits. And I'm thrilled to have Mike Michalowicz joining me today to share his insights on how to transform your business into a money-making machine. Mike is a bestselling author, a serial entrepreneur, and the creator of the Profit First system, which teaches business owners why profit should always come before expenses. And in September 2021, he released Get Different, providing entrepreneurs with the tools to stand out in any market. The Profit First system is used by hundreds of thousands of companies across the globe, including my own. With so many entrepreneurs struggling to pay themselves, Profit First provides a scalable, sustainable way to build a life and a company–and embracing this methodology can change your life. As a Profit First certified coach, I'm proud to say that we teach Profit First as a part of our coaching program. If you're ready to equip yourself with the tools to transform how you build your business and generate more profit, you're going to love this conversation. Here's what you'll find out in this week's episode of Profit Boss® Radio: How losing everything he had as he failed to launch 10 companies simultaneously inspired the Profit First system. Why you don't need to be able to read a cash flow or income statement to utilize Profit First. The difference between leveraged debt and ignorant debt. Why almost every business owner spends at the exact same rate as they earn–and how to reduce your operating expenses without compromising your business. How you can use the Profit First system to quickly get a sense of what your accounts should look like and how to roll it out. How you can use the DAD (Differentiate-Attractive-Direct) framework to differentiate yourself and stand out in any market. What happened to Mike when his first book, The Toilet Paper Entrepreneur, flopped–and the unconventional strategy he used to take it from zero to 100,000 copies sold. Sign Up For Hilary's Masterclass Make 2022 Your Most Profitable Year Yet by joining Hilary as she hosts a FREE online Masterclass each day from February 22nd to February 25th at 11AM PT/2PM ET. Save your seat today by visiting Make 2022 Your Most Profitable Year Yet. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/mike-michalowicz-profit-first Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 202 of Profit Boss® Radio! Today, I'm sharing another timeless episode from the Profit Boss® Radio archives with one of my most popular and commented-on episodes ever. I had the privilege of speaking with world-renowned economist and author Dan Ariely. Dan is a Professor of Psychology and Behavioral Economics at Duke University. He's a three-time New York Times bestselling author, the co-creator of the Center for Advanced Hindsight, a two-time TEDx speaker, and the creator of a documentary called (Dis)Honesty - The Truth About Lies. Among the many great insights that Dan shared in this episode, you'll learn about the psychology behind why good people with good intentions–and how women in particular–make the same financial mistakes over and over again. We'll also discuss the surprising reasons why money problems might not be your fault, how social norms and new technology encourage us to spend more and think less, and what you can do to build more wealth and make better financial decisions. Are you ready, Profit Boss®? Here's what you'll find out in this week's episode of Profit Boss® Radio: What stops people from thinking rationally about money and what they can do to maximize GOOD decisions. Dan's theories about what makes women financially challenged. Social norms for women that may impact their lack of involvement in the stock market. The role behavior modification can play in powerfully addressing the looming retirement crisis. How something as arbitrary as our Social Security number convinces us to pay a premium for something, whether it's a book or a share of a stock. The things in the world designed to make it hard to think about money, including mortgages, interest rates, savings, and pleasure. Why no one is immune to making irrational financial decisions. Why investing and wealth-building isn't normalized for women. Why so many professional athletes go broke within four years while failing to improve their quality of life–and what this can tell us about our own spending. The key questions to ask yourself as you make big (and small) financial Why Dan's newest book, Payoff: The Hidden Logic That Shapes our Motivations is a valuable resource for parents, employers and everyone looking to motivate themselves or other people. Sign Up For Hilary's Masterclass Make 2022 Your Most Profitable Year Yet by joining Hilary as she hosts a FREE online Masterclass each day from February 22nd to February 25th at 11AM PT/2PM ET. Save your seat today by visiting Make 2022 Your Most Profitable Year Yet. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/dan-ariely-money-mistakes-motivation Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 201 of Profit Boss® Radio! I have another timeless episode to share with you, and we're talking about turning your passion into a money-making enterprise. For so many entrepreneurs, success doesn't occur in a straight line. It takes a combination of ingenuity and dedication, along with a willingness to learn, to reach your full potential. Today's guest, Cathy Heller, is living proof of this. She's a former singer-songwriter who found success licensing her music to TV, film, and advertisements, who is now known as the host of the award-winning podcast, The Cathy Heller Show. With a massive following and steady ad revenue, she's had the privilege of interviewing people like Malcolm Gladwell, Rachael Ray, Greg McCann, Mel Robbins, and Harry Connick Jr., to name just a few. Every day, she helps her listeners and students tap into their most abundant creative place, create joy, and truly take in what the world has to offer. In this conversation, you'll learn how Cathy opened doors for herself when things got tough, transformed her life and profession to get paid doing what she loved, and how the hard lessons taught her to truly empower herself and others. If you're ready to make a change, share your gifts, turn your passion into money and live life on your terms, today's episode is for you!  Here's what you'll find out in this week's episode of Profit Boss® Radio: Cathy's financial transformation from starving musician to successful music maven! How to get paid doing what you love. Choosing to see new opportunities, just like Cathy did when she needed a new way to make money songwriting. The scrappy move that set Cathy apart from the rest. The creative ways Cathy expanded into other revenue streams using her music talent. Learn all about managing employees and setting boundaries. Advice to fight back against self-doubt. How Cathy overcame her money resistance and self-sabotage. How kindness, authentic relationships, and self-worth play a role in achieving success. Sign Up For Hilary's Masterclass Make 2022 Your Most Profitable Year Yet by joining Hilary as she hosts a FREE online Masterclass each day from February 22nd to February 25th at 11AM PT/2PM ET.  Save your seat today by visiting Make 2022 Your Most Profitable Year Yet. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/cathy-heller-hard-business-lessons-lead-to-success Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 200 of Profit Boss® Radio! What an amazing journey it has been! I definitely want to thank all of the Profit Boss® listeners for your support and engagement over the years. I sincerely hope that this podcast has added value to your life and business. In today's episode, we're talking about how to create and master predictable profits. If you want to achieve predictable profits, you need to heal your relationship with money, master your profits in business, and then capture those profits in the form of personal income and allow them to grow in evidence-based ways. These steps cannot be skipped, yet countless experts and coaches will only teach a few of the skills, mindsets, and habits required to acquire and preserve the wealth you need and want. This is why I've created a powerful new framework and an incredible new Masterclass to help you shorten your financial learning curve. The Masterclass will be February 22nd to the 25th, so be sure to add it to your calendars. When you sign up for 2022: Your Most Profitable Year Yet, you'll get live answers to your most pressing financial questions and start moving in the right direction to maximize your profits and minimize your overwhelm. If you're ready to kickstart your journey to financial independence, be sure to tune in and sign up for my new Masterclass to learn more! Here's what you'll find out in this week's episode of Profit Boss® Radio: How the Magic Profits Pyramid helps business owners make money work in a consistent way. Why you don't need a six-figure MBA to run a small business. Why I've stopped using the term KPIs and instead refer to them as PGAs, and why they're important. The one skill set that's glaringly missing among all business owners who don't achieve their goals. Why so many entrepreneurs struggle to turn their great ideas into powerful actions. The four practices to keep yourself accountable for greater profits and success. How to sign up for my new Masterclass in February. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/produce-predictable-profits Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 199 of Profit Boss® Radio! In this episode, we're talking about how to use your message to grow your business. If you have a powerful message or story and know how to share it, you have the potential to exponentially increase the value of your offerings. However, many entrepreneurs are so focused on perfecting their products and services or raising capital that they lose focus on the other things that matter–and they leave large sums of money on the table as a consequence. This is why I'm so excited to share this interview with Aurora Winter. Aurora is a media coach, television producer, serial entrepreneur, and author of the award-winning book, Turn Words Into Wealth: Blueprint for Your Business, Brand, and Book. She uses her background in filmmaking and neuroscience to help her clients become published authors, build audiences, and launch books as thought leaders in their fields. Simply writing a book isn't always enough. Many aspiring authors work tirelessly to sell only a few thousand copies, leaving them with a closet full of unsold books and printing costs to deal with. In this episode, you'll hear Aurora's advice on how to write the book that changes your life and how to give it the best chance to make an impact in the world. If you want to create multiple streams of income while finally getting your message out, especially if you've been thinking about writing a book, I highly recommend that you check out this episode. Here's what you'll find out in this week's episode of Profit Boss® Radio: Why Aurora believes that meaning is the new money, and what motivated her to become a writer. Why a good story can reach (and potentially help) tens of millions of people. The key elements that every book needs to have in order to help grow a business. The major mistakes that almost every first-time author makes. Why Aurora wants you to send her a DM on LinkedIn and why she's so passionate to help others. What it really means to be a thought leader. Aurora's favorite methods for monetizing books. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/aurora-winter-turn-words-into-wealth Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 198 of Profit Boss® Radio! Almost everybody makes mistakes with money at some point in their lives. If you've been listening to this show, you probably know that I've made almost every money mistake imaginable. This is another timeless episode from the Profit Boss® Radio archives where I break down the five financial mistakes a woman should never make. We're talking about what financial freedom means–and what to do if you're not on the path to achieve it. Some of you might be wondering why I'm sharing this episode again. It's because I want to help you replace your money story with an empowering vision that propels you towards your ideal life. A small segment of the world's population has the resources to support their current lifestyle, which means that the rest of us have to work our butts to earn high incomes and achieve financial freedom. If you're ready to take an honest look at your financial habits, get out of a cycle of stress and frustration, and set yourself on the path to achieving the goals you've always dreamed of, today's episode is for you. Here's what you'll find out in this week's episode of Profit Boss® Radio: The five financial mistakes a woman should avoid when pursuing financial freedom. Effective solutions for these five common financial mistakes. How to break through negative beliefs that hold you back from achieving your wealth-making potential. How to create your ideal financial vision and plan the steps to achieve it. Why you should consider sound, supportive financial advice and the role it plays in empowering you to reach your financial goals. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/5-financial-mistakes Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 197 of Profit Boss® Radio! In this episode, we're talking about financial therapy: what it is, how it works, and if you should try it. Couples and families find themselves in conflict over money all the time. They struggle to communicate effectively when it comes to money, working toward common goals, and sharing values to ensure long-term financial success and a fulfilling life. Today's guest, Thomas Faupl, LMFT, is here to help address these challenges. Thomas is a private practice therapist specializing in trauma and financial therapy for individuals, couples, and families. While he was in grad school, he worked as a certified consumer credit counselor for Consumer Credit Counseling of San Francisco, and he's counseled hundreds of people to help solve issues around personal finance. If you've ever found yourself arguing about money with your spouse, parents, kids, or extended family, you're definitely not alone. In this episode, Thomas shares the most common issues people have with money, how to overcome them, why financial therapy is an emerging field in psychology, and why it might be right for you. Here's what you'll find out in this week's episode of Profit Boss® Radio: Why it's so hard for a traditional therapist to solve issues around money. The main issues that Thomas sees in his personal practice–and why the opposites that attract in relationships can create stressful money situations. The questions Thomas asks clients to help identify potential issues and boundaries without being forceful or manipulative. Why so many people have traumas around money–and the tools you can use to unpack, process, and work through them. How gender conditioning around money can impact how couples handle their money–and how both financial advisors and therapists see relationships. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/thomas-faupl-financial-therapy Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 196 of Profit Boss® Radio! Today, I'm sharing a timeless episode from the Profit Boss® archives with financial guru Farnoosh Torabi. In my humble opinion, there's no one better to help us with our mindset and understanding of how we talk about money. Farnoosh is the host of one of my favorite podcasts, So Money, and the author of When She Makes More: 10 Rules for Breadwinning Women and You're So Money: Live Rich, Even When You're Not. You may have seen her work in publications such as the Oprah Magazine, the New York Times, the Wall Street Journal, Fortune, and Forbes, to name just a few. If there's anyone that embodies the "work smarter, not harder" mindset, it's Farnoosh. Her insights on what it takes to make more money, avoid burnout while doing it, and the importance of having a side hustle has been incredibly beneficial for me in my career, and I know her expertise will add value for you too. So, if you're ready to earn more, live life on your terms, and negotiate your value while putting yourself in a better position for success, I know you'll absolutely love this episode. Here's what you'll find out in this week's episode of Profit Boss® Radio: Farnoosh's inherited Money Operating System, “You have to work hard for money” and how it has impacted her life. How Farnoosh works smarter, not harder and ways she avoids burnout. The core tenets of making more money–and the shift in belief that transformed Farnoosh's mindset and earning power. Why starting a side hustle on a firm foundation is key to producing something very profitable. What Farnoosh learned by producing a show every single day–and what she did to hit over 100,000 downloads within two months. Tips on how to negotiate compensation contracts with major television networks. Why so much of the world of finance is so male-oriented–and what a future of financial products for women that aren't dumbed-down could look like. What happens when a billionaire on her television show finally lets her guard down. What Farnoosh has learned from interviewing top performers, CEOs, and executives in a wide variety of fields. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/farnoosh-torabi-money-talk Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 195 of Profit Boss® Radio! In this episode, we're talking about burnout and more importantly, is burnout making you broke? Stress and burnout are two topics that are very close to my heart. We live in a society that won't stop messing with our heads and bodies. Many people struggle with glass ceilings in our personal health and our professional success, as well as anxiety–and all of these things interfere with our wealth and our ability to perform. This is why I'm so excited to talk to Deanna Rose. Deanna is a peak performance strategist and the founder of Wellth. She's a certified strength and conditioning specialist and a doctor of naturopathic medicine, and she's been helping high-performance entrepreneurs become stress-free for years. In this episode, you'll hear her definition of burnout, the telltale signs to lookout for, and the secrets to significantly lower your anxiety to avoid experiencing the symptoms of burnout that can negatively impact your wealth. Here's what you'll find out in this week's episode of Profit Boss® Radio: Why it's so easy to leverage your health above everything else–and how this all but inevitably leads to burnout. What exactly burnout is, why it's such a slippery slope, and how easily it becomes chronic. How to reduce your anxiety without the help of wine or marijuana. Ways to create a more holistic living and working environment that allows you to spend more time in your flow state. How to set yourself up to win in your personal life and in business. What Deanna's coaching looks like for her clients–and what she'll be offering in her upcoming group program. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/deanna-rose-is-burnout-making-you-broke Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 194 of Profit Boss® Radio! In this episode, we're talking about how students can get free money. That's right, free money! Whether you have a 6 month old child or even if you're in your 80s, if you're making plans for a college education, you deserve to do it debt-free. Here to discuss this topic is Rhea Watson. Rhea's the President and Founder of Scholarship Solutions, a premier scholarship and college consulting firm. Rhea has personally earned over $300,000 in scholarships and has helped her students win over $200 million to attend their dream schools. Her work has been featured on the Today Show, in Forbes, and in Black Enterprise, to name just a few publications. Let's face it, everyone wants to give their child the best chance to be successful, and it all starts with a great education. It doesn't matter where you're from, or how much money your family has, there are ways to make those dreams a reality. If you're worrying about paying for school–your kids' or even your own–you'll definitely want to listen to what Rhea has to say. It's never too early to start making a plan to get a great degree without being forced to swim out of a giant pool of student debt. Here's what you'll find out in this week's episode of Profit Boss® Radio: Why students of almost any education level, ethnic background, or economic situation can qualify for scholarships–and how Rhea pushes kids to become A students. How students of any age (including babies!) can find all sorts of scholarships. How Rhea helped an 88-year-old volunteer Santa Claus get scholarship money to finish his college degree. Rhea's advice for families trying for full-ride scholarships to expensive four-year schools. How a powerful scholarship strategy can help students start building wealth before they even graduate school. What current high school seniors who have barely started to hunt for scholarships should do right now to offset the costs of school. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/rhea-watson-maximizing-scholarship-dollars Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 193 of Profit Boss® Radio! In this episode, we're talking all about the end of year financial routines used by the wealthy.   Just like there are life hacks and morning routines that lead to great success, there are certain annual financial routines successful entrepreneurs use loyally - but keep close to the vest. After years of working with business owners every day, I've curated an annual financial routines checklist that I myself strictly abide by at the turn of every year, and today I'm sharing it with you.  Coordinating your business and personal finances is hard. Implementing time-tested and leveraged routines can make a massive difference!  There are certain things that you absolutely have to have done by December 31. Follow our checklist and not only wrap up 2021 powerfully, get yourself synched to your goals and launch yourself into 2022 with momentum! For the full financial checklist, please visit: https://hilaryhendershott.com/end-of-year-financial-routines Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/end-of-year-financial-routines Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 192 of Profit Boss® Radio! Today, we're talking about 7-figure mindsets–what it means to have a solid perspective on not just launching a business or making money, but all things entrepreneurial.  If you're an entrepreneur, life can feel like an uphill battle, especially as you struggle to carve out your niche, find your place, and build/scale your first seven-figure business. Some may find themselves feeling unfulfilled, struggling to stay motivated, and even feeling consumed by self-loathing when the going gets tough. But that's not what every entrepreneur experiences, and it's not what you should, either.  To help us manage these thoughts and challenges, I'm joined by Ron Reich. Ron helps emerging experts build seven-figure businesses, and he's also my launch coach. He's a wealth of information, and he's worked with some incredible names, including Hay House Publishing, Todd Herman, Selena Soo, Denise Duffield-Thomas, and Ryan Levesque–to name just a few. If you're ready to stop struggling and finally understand how real entrepreneurs achieve breakthroughs and hit their goals, then this conversation is for you! Here's what you'll find out in this week's episode of Profit Boss® Radio: Believe in yourself because if you don't, nobody else will. How the mindset of an A Player is that they do what is necessary, they understand necessity and they never deviate from that. When a 7-figure entrepreneur decides they're going to create something, they are focused and they remain focused until they achieve the goal. Asking for help or reaching out to those who are in a position to help you is not a weakness. The value of giving that extra 3% and going the extra mile, even with something as simple as making phone calls yourself to promote an event. The power of the “Antifragile” mindset and understanding that what doesn't kill you only makes you stronger. How an A Player is ruthless, relentless and focused on controlling the things that are within their control. The difference between leading indicators vs lagging indicators. The value in setting aggressive, yet achievable goals. Take action, and stay on the path. Why the most successful high achievers are fantastic at implementing. Don't procrastinate and wait until you're in alignment. The sooner you make that phone call, the sooner you'll get the results you're looking for. Energy is power so stay focused on maximizing your energy, which will make you a far more productive person. Most people typically have 4-5 productive hours each day so getting the proper amount of sleep, eating healthy with daily exercise will help you get the most out of those hours. Never be afraid to get outside of your comfort zone. Challenge yourself because this is how you grow! Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/ron-reich-7-figure-mindset Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 191 of Profit Boss® Radio! In this episode, we're talking about how to teach your kids about the value of money and entrepreneurship.  Schools rarely teach financial responsibility, encourage entrepreneurship, or equip kids with the skills they need to understand our money systems. It's why so many of us learned these lessons the hard way–and it's why it's so important to make sure our own children get a better financial education than we did. With that in mind, I'm thrilled to be talking to Rob Phelan. Rob's a high school math and personal finance teacher by day, but by night, he's the author of M is for Money, a book of financial lessons for kids, as well as the founder of Simple Startup, where he provides online coaching for 10-18 year old entrepreneurs.  In today's episode, we're talking about how to teach your kids about money and finance in ways that they'll care about. We'll also hear about some incredible companies founded by amazing kids, and help find ways to make sure that children have a better understanding about the value of money that you wish you had when you were young. Here's what you'll find out in this week's episode of Profit Boss® Radio: The hard financial lessons that helped Rob learn about money in his 20s. Why kids don't need good math skills anymore to have great money skills. The value of teaching kids financial independence over financial literacy. The importance of leaving a legacy for our children, and the value in teaching our children at an early age. The wonderful success story from a young girl who took Rob's course and is still demonstrating a tremendous amount of entrepreneurial spirit. Why you don't need to be all knowing–and how to encourage your kids to develop their own healthy relationship with money. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/rob-phelan-teaching-kids-about-money-entrepreneurship Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 190 of Profit Boss® Radio! Today, I'm digging into the Profit Boss® Radio archives and sharing one of my favorite interviews with the iconic Ali Brown—a true pioneer in the online business world. If you're not familiar with Ali's story, she left her full-time career with less than $20 in her bank account and created a successful 7-figure enterprise. Now, she is one of the most recognized entrepreneur coaches in the world. Ali has built a coaching and consulting enterprise that ranked in the Inc. 500 list of the fastest growing companies in the U.S. She's the Founder and CEO of the women's business empowerment company, We Lead. She's also the Founder and CEO of The Trust, a premier global network of entrepreneurs generating 7 and 8-figure revenue. Ali is the host of the massively successful Glambition® Radio show and has been named Forbes' Women to Watch and was featured on the ABC primetime hit, Secret Millionaire. In this interview, Ali shares her wisdom and a ton of great advice to help entrepreneurial women with the most common money problems and challenges they will face, the money mindsets that lead to meaningful net-worth growth, and her realizations about self-worth and how that translates to how she pays herself. Enjoy! Here's what you'll find out in this week's episode of Profit Boss® Radio: Ali shares her secrets that led to her 7-figure income spike and how she made sure to keep the numbers high. Mindset secrets to being the full-time breadwinner in her family. Ali shares her realizations about her self-worth and how that translates to how much she pays herself. How she approaches marketing to promote her brand. Ali's “sharp right turn” approach to staying ahead of the curve. And much more! Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/ali-brown-making-your-money-a-priority Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 189 of Profit Boss® Radio! In this episode, we're talking about saving for college and career training–and how to use 529 plans to make this daunting task more manageable. There are a lot of reasons you might want to use a 529 plan. These plans allow Americans to save for higher education on a tax-advantaged basis. This means that as they grow in value, that growth isn't taxed. So long as the money is withdrawn to pay for higher education in some form, you don't owe tax on the value of the account either. This means more money for college, technical school, or a paid apprenticeship, as well as an added benefit that many people can take off their state tax obligations in a number of places. Joining us to talk about 529 plans are Patricia Roberts and Hendershott Wealth Management's very own, Jen Rupp. In the first half of this episode, you'll meet Patricia, who's the author of Route 529: A Parent's Guide to Saving for College and Career Training with 529 Plans. You'll then hear from Jen Rupp, who's the head cash flow coach in my coaching program, as well as an expert on 529 plans herself. If you're ready to learn about some great ways to take the pain out of saving for college, this episode is jam-packed with information that will help you prepare to take the first steps. Here's what you'll find out in this week's episode of Profit Boss® Radio: Why you can create a 529 plan in any state–and which states offer the greatest benefits for residents. How you can legally use funds in 529 accounts for expenses far beyond tuition, including apartment rent, certificates, and even computer equipment. Why you should still consider opening a 529 for your kids, even if you have no idea if they're going to go to college (or they hit the jackpot and receive a full ride scholarship). How your employer can help you prepare for the costs of higher education. What it means to superfund a 529–and how to legally put as much as $150,000 in a single year into these accounts. The rules of the road for investing when it comes to 529s. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/patricia-roberts-529s-ultimate-education-savings-account Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 188 of Profit Boss® Radio! In this episode, we're talking about how to manifest anything you want! If you're listening to this, you have the power to live a bold, successful life–and one with real work/life balance, too! However, to make it happen, you don't just need pure will. You also need systems and boundaries to live mindfully and manage your time. Few people understand this better than today's guest, Heather Vickery. Heather has been an entrepreneur for 20 years, a single mom of four girls who left a decade-long marriage to come out both personally and professionally, and the author of F*CK FEARLESS, The Gratitude Journal: Shift Your Focus, and Grow Grateful: A Gratitude Journal for Kids and Families. She's also the host and executive producer of The Brave Files, one of my favorite podcasts. So, Profit Boss®, are you ready to learn how to manifest anything you want and keep it on your terms? If so, this episode is for you!  PS: If Heather's coaching sounds like a good fit for you, you can get started right now by going to VickeryandCo.com/Guide to get your free copy of the Brave Method Quick Guide–a free five-page reflective guide to help you design the life and business you deserve. Here's what you'll find out in this week's episode of Profit Boss® Radio: What manifesting is and how it really works. How Heather opens doors that most people simply don't know how to. How to get comfortable asking to be fairly compensated for your work. How Heather thinks about money in her personal life–and why she's at peace with the fact that the money she needs will ultimately appear. What happened when Heather divorced from her husband of ten years to rebuild life on her terms–and how manifestation plays a major role in her life now. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/heather-vickery/brave-thinking-manifest-anything-you-want Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 187 of Profit Boss® Radio! In this episode, we're talking about cryptocurrency–but also something even bigger than that. There are some people who have made millions in crypto, but there are plenty who have lost everything, and many more who are still on the fence. You might already know that I've gone on the record saying that it's okay to say yes or no to crypto. It's not about whether crypto assets are good or bad, but whether you–as an investor–understand their characteristics and how crypto can work in your financial life. That's why I wanted to break it down and share my thoughts on the pros and cons of crypto. With so many investment opinions and strategies available today, I think it's even more important to make sure that you're making informed financial decisions that are right for you. So, if you've been hearing a lot about crypto and Bitcoin lately and thinking about taking the plunge, I want to help you develop a better understanding of how the choices you make can help (or hurt) your chances of achieving your financial goals. And if I can provide value by saving countless hours of your time, and large amounts of your hard-earned money, then that's a win-win in my book and I'll take those wins every time. Here's what you'll find out in this week's episode of Profit Boss® Radio: The benefits of having strict systems in any part of your life–including an investment philosophy. How FOMO informs the behavior of so many investors. The two basic investment philosophies of active and passive investing–and why one almost always outperforms the other over a long period of time. Why passive investors, in general, do not need to consider crypto assets. What makes crypto so much more like a game of chance than investing in an index fund. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/crypto-principles-based-conversation Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 186 of Profit Boss® Radio! Today, we're talking about how to break the chains of generational scarcity and become unapologetic leaders who don't just demand what they're worth–they get it!  If you're looking to make a business breakthrough, there's more to it than simply being great at what you do. You've got to position yourself as the value and set yourself up for success as not just a leader, but an iconic leader–and this is why I'm so excited to talk to my guest, Merel Kriegsman. Merel is the CEO and founder of Merel Kriegsman Media. She's a high-ticket sales coach whose insights have been featured on CBS News, ABC News, and in publications like Forbes and Fast Company. She's also a mother of three.  If you're ready to learn how to stop saying sorry and embark on a journey to authentically grow your business on your terms, today's episode is for you! Here's what you'll find out in this week's episode of Profit Boss® Radio: How Merel's struggle for success as a musician changed her perception of money. What Merel did to go from making nothing to over six figures a month within a matter of weeks. Merel's non-negotiable practices that helped her create offers for high-ticket clients–and how she scaled and replicated her success. How Merel and her husband are now able to pay themselves approximately $30,000 a month from their business while still having plenty of runway to reinvest as needed. How to focus in and double down on the unrepeatable, uncopyable things that make you uniquely yourself–and absolutely of value. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/merel-kriegsman-position-yourself-as-the-value Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 185 of Profit Boss® Radio! In this episode, I'm sharing one of my favorite interviews with an incredibly smart and successful woman, and such a beautiful soul, the iconic Nicole Walters.  Nicole's story is amazing and her views and philosophies on money mindsets resonated with me from the very beginning. At one time, she was a top-selling executive for Fortune 500 companies and managing multi-billion dollar business relationships, but the corporate grind left her feeling unfulfilled. So she went out on her own to share what she learned in the corporate world and now teaches others how to monetize their lives with her Monetize Thy Self mindset. Her energy and attitude is contagious, and the knowledge and experience that she brings to the show is top notch. She is living proof that you can do what you love without sacrificing financial freedom. In today's episode, you'll learn how to move past your limiting beliefs, improve your relationship with wealth, change your mindset to achieve your personal and financial goals, and why everyone's time is worth getting paid for. Here's what you'll find out in this week's episode of Profit Boss® Radio: How Nicole's life changed course when she became a foster mother. How Nicole was able to move past her money fears and limiting beliefs from her past. Why you need a better understanding of margins in your business. What Nicole focuses on in her business that leads to generating wealth. How to build true profitability in your business. How Nicole realized that you can do what you are passionate about in life without sacrificing your financial freedom. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/nicole-walters-brand-yourself-make-money Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 184 of Profit Boss® Radio! If there's one thing that hasn't changed over the years, it's how so many couples struggle with their finances, which is why I'm sharing this gem from the Profit Boss® Radio archives with you today.   If you're not familiar with the Couples and Money mini-series that I hosted way back when, it covers all the highlights in one convenient place. I'll take you through my best financial planning advice about how couples can get on the right path. In today's world, with all our temptations for spending money, it's almost too easy to get off track. Once that happens, there's only one way to get back on track, and it all starts with taking that first step. This episode has three vital parts: high-level strategic advice, my 13 Steps for Financial Planning for Couples, and finally, the money mistakes you need to avoid. If you're ready to achieve financial harmony with your significant other, just hit play and let's get started. Here's what you'll find out in this week's episode of Profit Boss® Radio: Guiding principles to follow to empower you in achieving financial success with your partner. The importance of scheduling Money Dates or Money Meetings so that both partners are in the know. A helpful overview of what you should be prioritizing with your partner about finances. A practical step-by-step guide for financial planning for couples including what you need to know before you seek advice and how to find the financial planner that will help you to achieve your goals. The top money mistakes couples make and how to avoid them. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/couples-and-money-planning-for-wealth Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

“Women in the U.S. earn $0.82 and own just $0.32 for every $1 earned and owned by a man, and the disparities are even wider for women of color.” - Stefanie O'Connell Welcome to episode 183 of Profit Boss® Radio! In this episode, we're talking about the link between gender equity and financial power. As women, our achievements are very different from our grandmothers'—or even our mothers'. However, we're far more likely to celebrate the women in our lives for getting engaged or having babies than when they do something incredible in their professional life.  Where did this disconnect come from, and why is it so pervasive in our society? To help me answer this question, I'm speaking with Stefanie O'Connell. Stefanie's a friend, writer, and financial expert on four big topics: women, money, power, and ambition. She hosts Real Simple Magazine's Money Confidential Podcast and is the founder of Statement Cards, where she produces greeting cards celebrating milestones that aren't just marriage and motherhood. In today's conversation, we talk about why women are hesitant to negotiate (HINT: it's not for a lack of confidence), what Stefanie calls the “ambition penalty”, and what needs to be done to close the gender wealth gap. Here's what you'll find out in this week's episode of Profit Boss® Radio: Why we're all socialized to ask the same questions and celebrate the same milestones—and how this often leaves women uncredited for the books we write, the businesses we launch, and our other achievements. Why there's nothing wrong with celebrating marriages and children—but celebrating only marriages and children limits and reduces us as people. What the ambition penalty is and how it reaffirms traditional patriarchal workplace structures—even for business owners and entrepreneurs. Why ambition isn't always perceived as an asset, especially with women. How the fear of rejection is not the goal, but is a natural part of the process of being ambitious. How a community can offer us constructive criticism, honest feedback, and help us conquer our fear of rejection. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/stefanie-o'connell-gender-wealth-gap Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 182 of Profit Boss® Radio! In this episode, I'm thrilled to share an amazing episode from the Profit Boss® Radio archives with you today. In this replay, I'm speaking with career and executive coach Nina Cashman about how to alter our money mindsets. I'm sure that you'll agree that this topic is absolutely still relevant to helping you achieve your financial goals, including some timeless lessons about money. If this is your first time hearing this episode, you're in for a treat. Nina is a trained and certified coach and the founder of Pave Your Way, where she helps people in career growth and development. She trains leaders, leads team building sessions, and even works on individual branding. She is an expert at helping others reprogram their mind and change their beliefs when it comes to money. In this episode, you'll learn where our limiting beliefs come from, and how to take action and make the shift to overcome them. Nina also breaks down the seven levels of Energy Leadership and how they can help transform your energy and mindset towards money. Here's what you'll find out in this week's episode of Profit Boss® Radio: How Nina's father's money beliefs shaped her life. Understanding the origin of our limiting beliefs and how they block our financial freedom. Awareness techniques that help illuminate money blindspots we have. How “shifts” can provide transformative results. Nina's game-changing wake-up call. The seven levels of the Energy Leadership Index Assessment. The importance of taking action in life to create change. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/nina-cashman/reprogram-your-money-mind Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 181 of Profit Boss® Radio! In this episode, we're talking about how to improve your time management, elevate your productivity, and maximize your profits while making time for what matters most.  We all want to accommodate our clients and make the most of any opportunity that comes our way. In fact, when I need to reschedule and it takes six, eight, or ten weeks to make it happen, I get frustrated with people. I roll my eyes and I get annoyed, but at the same time, when I constantly shift my schedule around, I find myself exhausted.  That's why I'm excited to talk to Amber De La Garza. Amber is the creator of the S.T.O.P. Leverage Formula–a four-pillar framework to build more profitable businesses in a unique, stress-free way.  So, Profit Boss®, if you're ready to learn how to set REAL boundaries and create a powerful system to transform your business while freeing you to live life on your terms, today's episode is for you!  Don't forget to sign up to my Live Training Program on September 8th by visiting HilaryHendershott.com/MoreProfit Here's what you'll find out in this week's episode of Profit Boss® Radio: How to build a structured schedule that serves you–not the other way around–and what happened when Amber, one of my best friends, needed five weeks to reschedule this conversation. How to acknowledge the limits of your own energy and determine exactly how much time you want to put into your company each day, week, month, or year. Ways to plan your next year without thinking in all-or-nothing terms. The four buckets you need to put your time into in order to grow and scale your business. Why everyone procrastinates–and how to deal with it. The power of delegating and entrusting difficult tasks to great people. Free LIVE Training – Sept 8th, 2021 Don't forget to sign up to my free LIVE Training on September 8th, at 11am PDT How to Own Your Business Numbers and Increase Your Profitability Without Sacrificing Your Purpose, Joy, or Integrity. Visit HilaryHendershott.com/MoreProfit Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/amber-de-la-garza/key-business-boundaries Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we're learning all about how to talk about money. This is a subject that makes most people feel very vulnerable–naked, even–and it can stop us from finding happiness and satisfaction with ourselves, our lives, and what we do each day. Here to discuss this with me is Sarah Kathleen Peck. She's the founder and CEO of Startup Parent, as well as a good friend of mine. She's had her work featured in publications including Forbes, Inc., and Fast Company, worked with countless women entrepreneurs, and recorded over 200 interviews on her own podcast. So, Profit Boss, are you ready to get real about what money is and isn't–and how to make it work for you instead of worrying about how much you have or need? If so, this very special episode is for you! Here's what you'll find out in this week's episode of Profit Boss® Radio: Why money is a tool that becomes completely worthless if you don't know what you want from it. Why so many extremely wealthy people are so miserable. Why there's some power to manifesting–but why you shouldn't just sit in front of your mirror saying “I'm rich!” when you're not. How getting clear about your intentions can help you clarify your questions about money and unpack your trauma. The common stumbling blocks that get in the way between women and financial goals. How Sarah and her husband manage money together without micromanaging each other. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/sarah-k-peck/know-thyself-know-money Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we're talking about grief, post-traumatic growth, and how to create a future you can get excited about in the face of loss.  Joining me for this conversation is Krista St-Germain. She's a Master Certified Life Coach, grief expert, mother, and a widow, as well as the host of the Widowed Mom Podcast. After her husband was killed by a drunk driver, she discovered life coaching, and now coaches and teaches other widows how to love life again, too. In today's episode, Krista shares the story of how she found the tools she needed to move forward, how to heal from our toughest traumas and biggest losses, and the important conversations (including a few about money) she'd wished she'd had before it was too late. Here's what you'll find out in this week's episode of Profit Boss® Radio: What to say (and what not to) to people as they navigate their grief. How to share life-altering news with your loved ones. Why Krista doesn't believe in healing timelines. Why so many people procrastinate when it comes to tough conversations they need to have–and how this hurt Krista in the wake of her husband's death. What Krista's coaching for widows consists of. The financial factors and challenges underneath traumatic loss–and why no sum of money can buy safety. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/krista-st-germain-fulfillment-after-tragedy Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we're talking about how to make more money in less time. If you're anything like me, you're desperately seeking more free time and more whitespace in your business, so the idea of giving less of your energy and getting more in return is extremely appealing.  But in practice, what does this mean? How exactly can you build a business that grows and thrives without requiring the additional time, stress and burnout that comes with it? Joining me to answer this question is Kelsey Kerslake. Kelsey's a mother, CEO, creative director, and business coach, as well as the host of the Aligned Business Podcast. She's helped hundreds of online business owners build their brand and online influence, and turned her side hustle into a thriving design agency and education business. In today's conversation, Kelsey shares her journey and mishaps along the way. Not only will you learn how to delegate effectively, but you'll get her foolproof strategy to diligently work a solid 5 hours and still make profits!  Here's what you'll find out in this week's episode of Profit Boss® Radio: The powerful tools you can use to ensure your business can deliver results without you being involved in every step of your operations. The surprising things you can procedurize yourself out of–and how to do this WITHOUT losing control of your company! What Kelsey's day looks like now that she can focus on the tasks she loves–and how she designs her calendar. How to talk to employees about time off and mental health–and creating a work environment that inspires everyone. What Kelsey did to completely eliminate email from her life. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/kelsey-kerslake-work-less-make-more Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 177 of Profit Boss® Radio! Today, I'm reaching into the archives and sharing a past episode that's as relevant today as it was when I shared it as episode 2.   In this replay, I'm speaking with serial entrepreneur Allison Maslan. Not only has she built a business empire, and been named one of the “Top Women Entrepreneurs Who Inspire” by Self Made Magazine, but as one of my business mentors, she's responsible for so much of my business growth and success. Our conversation is all about women in business - entrepreneurship, financial independence, managing finances as a couple, money mindsets, hiring, selling, exit strategies, and more. Whether you've heard this one before, or missed it the first time, this one is packed with a ton of value that's worth its weight in gold. Here's what you'll find out in this week's episode of Profit Boss® Radio: Where does the courage to start your own business come from? Planning an exit strategy for your business. Why every woman should maintain financial independence. The importance of learning from your financial mistakes. Managing money as a couple. Shifting your money mindset from scarcity to abundance. Achieving success by embracing rejection. Why successful business owners are not victims of circumstance — success is a choice! A great tip for those who are afraid to sell. How to develop thick skin as a business woman. What to do when a prospect thinks your product/service costs too much? Why hiring is an investment and how to recruit top talent. How much should you pay yourself as the business owner? Saving as an entrepreneur and setting a financial freedom target. Strategies for couples who have conflicting money mindsets. Morning routines and rituals. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/allison-maslan-entrepreneurship-financial-intimacy/ Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 176 of Profit Boss® Radio! In this episode, we're on a mission to end entrepreneurial poverty for women. We're talking about what it means for female entrepreneurs to design predictably profitable businesses—without the hassle and burnout—so that you can do less and earn more!  So many women struggle to turn a profit as they build businesses. In fact, even though women own 44% of small businesses, they only make up 4% of the small business revenue in the United States!?  How did this happen? Well, one big part of this is the fact that the MBA programs that so many women go through only train people to run large corporations. Unfortunately, they don't equip you with the unique skills you need to build a thriving small business. That's why I'm so excited to have Racheal Cook with me today. Racheal is an award-winning business strategist, best-selling author, and host of the Promote Yourself to CEO podcast.  In today's conversation, we talk about the fourth and fifth steps from my 7 Steps to Wealth Framework: ask and earn. You'll learn how to make money (and earn it) in your own business, as well as in your personal financial life. Racheal and I go in-depth on what it means to design a business on your terms and get out of entrepreneurial poverty as a woman–once and for all! Here's what you'll find out in this week's episode of Profit Boss® Radio: How Racheal burned out on corporate consulting and found herself working uniquely with small businesses. Why so many small business owners work so hard for so little—and why it takes so long for them to realize this. The key to making your business run with ease—and the major mistakes so many women make that hurt their businesses (and themselves). Three things women need to be doing to run more resilient businesses. What you can do to get peace of mind if you're suffering from burnout. How a bad CPA cost Racheal $15,000 in taxes that she didn't need to pay. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/racheal-cook-ending-entrepreneurial-poverty/ Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 175 of Profit Boss® Radio! In this episode, we're talking about how to literally rewire your money mind!  Rewiring and engaging neuroplasticity is key to transforming your financial outcomes and altering your limiting beliefs—and no, this has nothing to do with affirmations!  To discuss this topic, I'm excited to welcome Barbara Huson back to the podcast. Barbara is the author of Rewire for Wealth: Three Steps Every Woman Can Take to Program Her Brain for Financial Success. She's dedicated her entire career to being a money mentor for women, and in many ways, this new book is the synthesis of all the work she has done.  Barbara knows first hand the impact that negative money experiences can have on our brains. In our conversation, you'll hear the story of the ex-husband who gambled all her money away, and the feeling of shame and fear that pushed her into a state of depression—and how she turned things around!  Barbara also shares some real world stories of her clients who have completely transformed their money minds, and the neuroplasticity techniques they used to do it. We also dig into the beliefs and ideas behind this quote: “The only people who don't have insane relationships with money are those who are willing to examine their insane relationship with money.” If you're ready to rewire your brain and change the way you think about money, don't miss this episode of Profit Boss Radio! Here's what you'll find out in this week's episode of Profit Boss® Radio: How we all become wired for wealth at some stage in our lives–and why we have to change this wiring to effectively change our behavior. How shame can impact women financially–and why it shouldn't hold you back. What exactly neuroplasticity is–and three steps you can take to change your brain. Why traditional financial education is obsessed with behavior and nothing else–and how this causes so many women to have problems with money. Show Notes To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/rewire-for-wealth-barbara-huson. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Welcome to episode 174 of Profit Boss® Radio! It's true, I haven't published a podcast episode in over half a year—and today you're going to find out why! You'll hear all about how I ended up in a complete state of burnout, and the mindset shift I had to make to turn things around.  I had something brewing in my business that turned out to be a BIG mistake. I let a limiting belief around money stop me from hiring new staff when I needed it the most—preventing me from effectively scaling my business.  Yes, of course, even though I don't tend to make them very often anymore, you can count on me to be honest about my own financial mistakes. And if you have your blinders on (like I did) you may have limiting beliefs around money that are getting in your way too!  With these hard lessons in mind, today's episode of Profit Boss® Radio takes a look at the 7 Steps to Wealth Framework. I want you to see which of these critical steps are working for you in your life and business right now AND which you need to put in place before financial mistakes—or even tragedies—occur. Then, I review the Forbes Billionaires list, and show how your reaction to it can give you insight into your own (potentially) broken mindsets. Here's what you'll find out in this week's episode of Profit Boss® Radio: Why it's so easy to forget what you know–and how being attached to profit ended up hurting me. Why growing a profitable business is always about personal growth (what got you here won't get you there!) The 7 Steps to Wealth–and how to use this blueprint to build (and protect) a fortune. What it means if you have a negative (or positive) emotional response to seeing stories about the Forbes Billionaires list. Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/174. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

As we round out 2020, this will be my last podcast of the year. I'm sharing a helpful checklist for the financial housekeeping items you should be taking care of before year end.  For more information visit HilaryHendershott.com Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In case you haven’t heard, the doors are now open for my upcoming Wealth Multiplier℠ Course - which was specifically created to help business owners achieve financial success. In today’s episode of Profit Boss® Radio, I’m talking all about what to expect by signing up! Not only that, but as a prelude to the course, I’m also offering a FREE coaching session to all Profit Boss listeners. After attending this FREE training, you will: Learn how to STOP making the 3 most common money mistakes. Know how to embody the 3 habits of highly successful business owners. Discover the 1 commitment you need to make that will transform your reality with money forever. FREE Coaching Session (Dates & Times): Friday Oct 9th, 2pm PST Tuesday Oct 13th, 12pm PST Visit HilaryHendershott.com/multiply to secure your spot today! Wealth Multiplier℠ Course - for Business Owners to Achieve More With Money Discover what it will take for you to completely transform your reality with money through a hands-on and supportive 7-month financial coaching program. Friday, October 16th, 2020 Visit WealthMultiplierCourse.com to learn more!  

Welcome to episode 171 of Profit Boss® Radio! In this episode, we’re talking to you business owners about how you can reap the rewards of your blood, sweat, and tears.  I see so many entrepreneurs attempt to successfully manage their money in business to the detriment of their personal net worth and financial future. It’s very easy to have millions of dollars in revenue slip through your fingers when you fail to capture it, make it yours, and put it in your name.  So, are you ready to make a plan to get what you want, take back your power when it comes to money, and figure out the difference between wanting and achieving financial success? If so, today’s episode of Profit Boss® Radio is for you!  PS: After you listen to today’s episode, I want you to go check out my free, on-demand video training. In it, I expand further on how you as a business owner can make more of your money and why I want you to consider my Wealth Multiplier Course. Simply visit HilaryHendershott.com/Wealth to find out more. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why businesses are hungry and selfish for your time and your money - and why it’s so hard to build a sustainable business that helps you achieve massive personal wealth.  How amassing and paying off $300,000 in uncollateralized debt helped me pave my own road to long-term financial success. Why operating inside limiting beliefs stops you from growing your revenue and your business. How not having a plan for money sets business owners up for failure - and how having a solid plan stops me from getting worried about this year despite the fact that my household and business income is down significantly.   Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/171. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we’re talking about investing in what is probably the freakiest time period we’ve ever lived through. The markets are just as wild as life right now, and you need to be educated and have a solid investment philosophy you will abide by to avoid getting off-track. The market has been massively positive for owners of US large stocks. The market has not only recovered the 35% lost in March, but gained another 10 to 15%, and has become massively volatile. It’s easy to get emotional, to be ruled by hindsight bias, and to overthink bad decisions. So, are you ready to create a solid plan, put it into place, and give yourself at least a little more peace of mind, even in difficult times? If so, tune into Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why the markets are so volatile right now - and how 12 companies are propping up the rest of the S&P 500. Why you should still feel good about making the right choices, even when they have bad outcomes.  The massive misunderstanding that people have when it comes to their investments.  The difference between traditional active and evidence-based investing - and why it’s so important to be diversified right now. Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/170. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode of Profit Boss® Radio, we’re providing you with a proven guide to move forward and make power moves in your career. With all the uncertainty and unrest in the world, and the changes people are making in their lives, whether out of necessity or by choice, now is a perfect time to make big changes. However, even though women make up 50% or more of the workforce and the workforce is less defined than ever before, there are still so few great resources on this topic. Lauren McGoodwin, is an author, speaker, colleague, and friend. She’s the founder and CEO of Career Contessa, where she provides career development resources for women who are job searching, soul searching, leading, managing, or trying to find new ways to advance within their careers. Today, Lauren joins the podcast to ditch the platitudes and talk about what it truly means to build a career that grows and changes with you, the unique challenges that women face when it comes to finding fulfilling work, and how to start making moves, big and small, to bring your life and career into alignment with what you really want. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: The difference between “finding your purpose” and “finding your passion” (and which one Hilary absolutely hates!) - and what it really means to build a multi-dimensional career that grows with you and your interests. Why many women find it so hard to find careers that they really love - and what Lauren learned from her extensive research in this field. Why any move made proactively and with intention can be a power move - and why so many of the most successful and fulfilled women make intentional moves every day at a micro and macro level. Why a power move doesn’t need to be dramatic or life-changing - and can be something as simple as asking for a mental health day, asking to sit in on a project, setting new boundaries, or learning a new skill. The big lessons Lauren learned from launching Career Contessa in 2013. Free Gift (limited supply) Find out how you can get a free copy of Power Moves: How Women Can Pivot, Reboot, and Build a Career of Purpose. Visit HilaryHendershott.com/169 for all the details.  Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/169. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we’re bringing those of you who may be suffering financially a ray of hope. When more than a million dollars disappears from your business - and, subsequently, your net worth - how do you find the courage and resilience to begin the emotional and financial journey to recovery? Today’s guest is Ivy Slater. Ivy is an entrepreneur, best-selling author, speaker, podcaster, and certified business coach. Before she founded Slater Success, she operated a successful printing business for over 20 years in New York City. Ivy had to learn hard financial lessons when she and her husband discovered a massive financial tragedy had occurred. She and her husband had to find a way to deal with their grief and anger while navigating an unrelenting set of financial commitments. While their story isn’t without missteps, ultimately they’ve set their recovery in motion in a way they can now be proud of. If you find yourself at a financial crossroads, making virtuous and productive choices can feel futile, after all, the bank balances don’t rise automatically or immediately. Rewinding the clock on your financial planning by 20 years takes gumption, and it takes time to see the results of your hard work. Ivy’s is another of the stories we highlight on Profit Boss® Radio to show you that it does make a difference to make the right moves and start planning and building. Today, I’m sharing parts of my conversation with Ivy about the intimate, difficult, and emotional process of losing everything and starting over - and how she and her husband exemplified my 7 Steps to Wealth framework as they courageously rebuilt their lives, survived serious financial trauma, and stayed together as a family. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: What happened when Ivy and her husband discovered that over a million dollars went missing - and how they created an action plan to start rebuilding. How Ivy talked to her kids about their serious money problems - and how she paid to put two kids through college, including one year where she needed to cover $100,000 in tuition expenses! Why accepting responsibility and committing to each other helped keep Ivy’s marriage alive at the toughest times. How navigating this loss helped Ivy prioritize herself, become a better leader, find joy, and pay it forward. Wealth Multiplier Course - The Doors Open In September! Learn how to feel empowered with financial confidence so that you can achieve more than you ever thought was possible! Visit HilaryHendershott.com/168 for all the details! Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/168. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we’re talking about overcoming inner barriers. If you “get in our own way” or self-sabotage, it’s not always on you. For centuries, women have been put into positions that force us to play it small and fail to get in touch with our true desires. When it comes to money, having our own income or a life of financial independence was out of the question until just decades ago. We’ve made huge strides, but we still have so much to work through. Today, I’m joined by Dr. Valerie Rein. Valerie has worked with hundreds of high-achieving women and discovered that the issues they struggle with aren’t just personal. They’re rooted in ancestral and collective trauma experienced for millennia, and she calls the results of this trauma, which affects both men and women, Patriarchy Stress Disorder (PSD). Since her own stress experience, which you’ll hear about in today’s episode, she’s dedicated her career to helping her clients resolve their traumas and live the lives they desire and deserve. So, if you’re wondering what’s holding you back and how to start making changes in your personal and financial life, today’s episode of Profit Boss® Radio is for you. Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: How professional success - and extreme stress - helped Valerie discover the barriers holding her back and triggered her “PSD awakening.” Why Valerie’s definition of patriarchy doesn’t refer to “men,” but to a system of inequality and oppression - and how PSD affects men as well. How our bodies’ survival programming kicks in and goes into overdrive to stop us from taking risks - and why so many women are biologically afraid that wealth and power will be seen as unsexy. Stories from Valerie’s work about how unraveling PSD in her patients naturally leads them to increased revenue. Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/167. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we’re talking about earning money. If you’re going to build wealth and attain financial independence, you have to earn that coin. Many of you have seen your income dry up in the wake of the coronavirus pandemic, and many more of you are probably reconsidering what’s most important right now. Fortunately, this is also a time of reinvention. Many people are discovering how to use their gifts, talents, and skills in new ways, finding new opportunities, and turning the tough challenges they’re facing into powerful businesses. Today, I’m joined by Natalie Sisson. She’s an author, a speaker, and the host of the Untapped Podcast. Natalie ditched her successful corporate career and turned her knowledge into eight different revenue streams. Now, she helps others leverage their unique skills and experience to earn a living and make an impact from anywhere just by being themselves. So, if you’re looking to make a big change in your life - and do it profitably, check out today’s episode of Profit Boss® Radio! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why Natalie walked away from her corporate career, and how her blog became a vehicle for a new business and life as a digital nomad. How to consciously curate your freedom as you build a business on your terms. How car, plane, and train rides can serve as powerful sessions for focused work - and why travel can make you a sharper entrepreneur. The real reason blogging and podcasting aren’t oversaturated - and the power of finding your niche. The first steps to take as you begin to monetize yourself. Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/166. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we’re talking about how to deal with dementia in our families and in our lives. Dementia is an unfortunate topic that touches many of our lives. When a parent starts to show symptoms of memory loss or erratic behavior, you need to have plans in place, to be able to have difficult conversations, and to be able to take action without getting overwhelmed. However, with the right preparation, you can take a compassionate approach to your parents’ care without straining your relationship or becoming exhausted - and you can take actionable steps right now to know the red flags, warning signs, and even determine if something is a medical issue and not dementia at all. Today, I’m joined by Kay Bransford. She’s the author of the award-winning blog Dealing With Dementia and creator of the MemoryBanc system, which has been named as a must-have in AARP’s Brain Healthy Gift Guide. She has also appeared on The Dr. Oz Show to talk about her work. So, if you want to know what to look out for, as well as how to prepare for the worst, check out today’s episode of Profit Boss® Radio! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: How Kay discovered that she needed lots of information to implement her parents’ plans once they developed forms of dementia - and why it took over half a decade of erratic behavior before they were diagnosed. How children can deal with parents who reject assistance – and how to take action without embarrassing or belittling them. Why certain medicines can trigger dementia-like symptoms - and the red flags you should bring up with a doctor if you notice. What people with dementia really need, how to prepare to be a caregiver, and how to tell if you absolutely can’t – or shouldn’t – be a caregiver. Why it’s so hard to determine when someone has to leave their home and be in full-time care.   Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/165. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we’re exploring the unexpected ways that aging affects our happiness. If you do a Google search for the word “midlife,” you’ll instantly be greeted by the autofilled word “crisis.” It’s a time when almost everyone asks themselves, “Is this all there is?” and finds themselves facing new challenges, both internally and externally. However, as you’ll hear from my guest today, midlife is also an extraordinary time. It’s a time of lasting friendships, of greater confidence, and of having the wisdom to do remarkable things. With a deeper understanding of where all the negative tropes around midlife come from, you can find happiness not just in it, but in the decades to come. Today, I’m joined by Nancy Davis Kho. She’s the host of the Midlife Mixtape podcast and the author of The Thank-You Project: Cultivating Happiness One Letter of Gratitude at a Time, who is here to share what she learned from her own pursuit of happiness. So, if you’re ready to bust the myths about middle age and better understand what happiness is really all about, this episode is for you. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why midlife - the period between 30 and 60 - is a really great phase of life to be in. What the happiness curve is, why it’s consistent across species, and how it forecasts our ability to become happier as we age. How to measure success as we get older - and how this moment in history is giving so many people perspective. How Nancy cultivated gratitude at a challenging time in her life - and why choosing to not madly pursue happiness actually makes us happier. Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/164. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we’re talking about retirement, insurance, and what you can do right now to prepare for the costs of healthcare as you get older. Healthcare in retirement can be very confusing. And if your employer has chosen your health benefits for the majority of your life, you’re probably not prepared to be dumped into a national health insurance system that has thousands of drug plan options. Many people are scared of Medicare, or have heard horror stories about not being able to get the care that they need. However, it’s important to know that when combined with the right supplemental coverage, Medicare can comprehensively address your healthcare needs and truly provide for you. Today, I’m joined by Medicare insurance expert, Danielle Roberts, who is here to clear up any confusion around what’s covered, what’s not, the benefits, the costs, and so much more! So, if you’re ready to create a plan to make the most of Medicare coverage in retirement, this episode is for you. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: The unique features of Medicare that make it easier to use and more robust than employer-provided or individual health insurance coverage. How to select supplemental Medicare coverage - and why costs for many people are so reasonable when compared to employer-provided health coverage. What Medicare brokers do, how they get paid, and why premiums don’t always go up just because someone receives a commission from your policy. The expenses that Medicare doesn’t cover - and how to plan for expenses such as assisted living or live-in aides. Key facts about Medicare that people between the age of 50 and 55 should know - and be thinking about - now. Show Notes To get access to the full show notes, including all the resources mentioned, visit HilaryHendershott.com/163. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this timely episode, recorded during the coronavirus pandemic of 2020, we’re talking about the psychology behind how we think about money, the mistakes we make, and why we’re so prone to irrational behavior in both good times and bad. It’s hard not to get emotional when it comes to money. The stock market took a sharp negative turn recently and the short-term future of the economy is uncertain to say the least. Many Americans are either out of work or find themselves having to pivot to earn money. It would be 100% normal to be panicking now, however, it doesn’t have to be that way. In this interview, Jeff and I talk about how, if you’re attempting to “react” to what’s happened, you’re not likely to be making decisions that are doing you any good. For example, people are asking me questions like, “Should we sell out of the market at least partially?” or “How can I make sure to get in at the bottom?” or “Don’t you think hotel stocks are poised for a great return?” Despite what the media would have you believe, nobody knows the short-term future so these questions cannot be answered. More importantly, investing is about size and consistency, not timing, and it’s important to take a look at it from a big-picture perspective. As we navigate the coronavirus crisis, our minds are more vulnerable than ever to tricks, traps, and temptations. If you’re wondering how to invest, what to do with your investments, or just why you’re reacting the way you are to reading the news or checking the market, today’s episode of Profit Boss® is for you. I’m joined by author, speaker, pundit, comedian, and behavioral science advocate Jeff Kreisler. In addition to writing for TV, politicians, CEOs, and sharing insights on networks like CNN, Fox News, MSNBC, and SiriusXM while he’s not touring the planet, Jeff runs Peoplescience.com. He and past Profit Boss® guest Dan Ariely recently co-wrote Dollars and Sense: How We Misthink Money and How To Spend Smarter, where they hilariously tackle the behavioral science behind our financial decisions. So, are you ready to stop letting the news cycle leave you wondering if now’s a good time to buy or sell, identify financial traps before you fall prey to them, and discover frameworks that will help you use human nature to your benefit? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why we participate in emotional, panicked, and irrational behavior, like hoarding toilet paper, when we see others do it - and how a crisis like the coronavirus makes bad thinking even worse when it comes to money. The reason it’s so important to take a 30,000 foot view of your finances during a recession or extended downturn. Why our brains struggle so much to understand money - and why the things that make money “awesome” in Jeff’s words are also the things that make it so complicated. The things people are most frequently getting wrong right now - and why we’re so prone to making terrible tradeoffs for the future in this moment. Why making your IRA contributions automatic and paying your bills first has a significant, positive impact on your ability to save. Why we’re so much more prone to stressing about small spends instead of big ones.  Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/162. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, I’m answering several listener questions about the coronavirus pandemic, the economy, stock market investing, and personal finance. I’m hoping my answers to these questions will help you better understand how to think through tough decisions when it comes to money and your family, why you should manage your mindset instead of trying to predict the future, and how moments like now prove the importance of having an investment strategy — to name just a few of the issues we dive into. We also get into what you can do to make money right now, what types of businesses are thriving in this tumultuous time, what you can do as a business owner to protect yourself and your employees, and what resources may be available to you as individuals via the $2 trillion CARES Act passed by Congress. Things may feel like they’re constantly changing right now, but by deepening your understanding of what’s going on and how you can best stay physically and fiscally healthy, you can come out of the other side of this empowered, educated, and ahead of the media. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Cara asks: “Should I pay off the loan on the house I inherited from my grandparents, or should I refinance and invest my money, even though the economy feels shaky right now?” Monica asks: “How long do you think the trickle-down effect of the global reaction to the coronavirus is going to be?” Carl asks: “How should the fiat currency issue play into my investment strategy, and should I listen to people telling me to buy precious metals or Bitcoin right now?” Lela asks: “How should someone arrange their stock-bond IRA or Roth IRA if they’re over 65?” Ana asks: “Why do we need to hang on tight and not sell or panic in a crisis, and what can we do to maximize our investments right now?” Brandy asks: “Will we all get back the money we lost in our investments once the coronavirus event has ended?”   Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/161. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Today's episode is a call for your questions. At this point, we're deep into the coronavirus and there are a lot of people, both individuals and businesses, who are worried about everything related to their finances. If you're looking for answers, I'm here to help! Please send any financial related questions to media@hilaryhendershott.com this week and I will answer them in an upcoming episode. I look forward to sharing my advice and helping you through this difficult time as best as I can. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this episode, we’re talking about estate planning. As in wills, trusts and powers of attorney. I know, it’s not sexy, but it is important. Estate planning isn’t just something for people with a lot of money. It’s about making things as easy as possible for your loved ones when you’re gone, and whether you’ve got $10 or $10 million in assets, that matters. If you’re thinking that having a will takes care of this, you may be surprised to learn that a will doesn’t do that much - and can create serious legal and financial headaches for your beneficiaries. Furthermore, if you have children, I cannot stress this enough: please get an estate plan in place along with appropriate life insurance. If you get in trouble and really need life insurance or estate planning documents in place, it’s often (unfortunately) too late, and whether you’re new parents or retirees making plans for your golden years, it’s highly likely that you need more than just a will to protect your family and your assets. If you’re wondering what to do next, today’s episode of Profit Boss® Radio is for you. I’m joined by wills, trusts, and estates attorney Laura Cowan. Based in New York City, Laura was named a 2019 Rising Star by Super Lawyers, an award only given to the top 2.5% of attorneys in the Greater New York area, she’s spoken at the UN Headquarters about estate planning for non-citizens, and she has been featured in Forbes Magazine. Most importantly, Laura is an attorney who can actually speak to people about this complex topic without overwhelming them! So, are you ready to truly understand the difference between wills and trusts, learn how to best protect your life’s work and your loved ones, and find out how to build an estate plan to best suit your needs? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why having a will and not a trust guarantees that your beneficiaries will end up in probate court - and why this process often costs up to 5% of your estate and takes years to complete. Which of your assets cannot be passed down in a will - and how naming minors as primary beneficiaries to assets like life insurance and 401(k)s can leave your money in a stranger’s hands until your children turn 18. Why most people choose to create a living trust instead of a will - and the components that go into an estate planning package. The dangers of letting minors collect their whole inheritance at 18 - and what happens if you don’t name a successor guardian for your minor children. How asset protection trusts differ from living trusts - and how to best protect your assets from creditors. How a trust can protect your assets in the event that your spouse dies and you remarry. Why you shouldn’t create your own estate plan online - and why you should choose to work with a flat-fee estate planning attorney over one who charges by the hour. MoneyWise Segment: Should You Refinance Your Mortgage? If you listened to last week’s episode, Coronavirus & Your Money, you heard all about what NOT to do during a crisis. And while your investments are likely down, so too are mortgage rates. I have heard from people who are getting quoted on refinances at remarkably low rates and a lot of people are wondering, “should I refinance my mortgage?” Don’t miss today’s MoneyWise segment where I answer that question and share my best advice! Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/159. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

In this short episode, we’re talking about what’s happening in the stock market in the aftermath of the coronavirus outbreak. Unfortunately, the coronavirus (COVID-19) is here. My heart goes out to all of the individuals, families, communities and countries that have been affected. Many of us remain on high alert, myself included, because we are the parents or children of immune-compromised individuals who are especially susceptible. The purpose of today’s episode is to help you make sense of what’s happening in the investment markets recently and in the near term future, so that instead of focusing on your money, you can keep your focus on remaining healthy. It’s definitely true that companies that depend on global travel and complex international supply chains could be in serious trouble. But how will this outbreak affect you and your money? If you’re invested in the stock market with a diversified basket of investments designed to serve your needs and meet your timelines, your accounts are probably down. As you watch values drop, it’s easy to get scared and think to yourself, “Wow, I need to sell before this gets worse.” That’s a normal feeling, and I experience it too! However, trying to time the market is what the best investors in history have called the loser’s game - and I explain why in today’s episode. It’s important to note that temporary declines are not rare. Since 1927, there have been 158 2-day periods where the market has declined 4% or more, 49 2-day periods with a decline of 6% or more, 15 2-day periods with a decline of 8% or more, and 5 2-day periods with a decline of 10% or more. Further, the S&P 500 is higher now than it was after downturns following past outbreaks like SARS, Avian Flu, and Zika. So, have no fear, this too shall pass! Beware media magnification! If you rely on the national financial news media for financial advice, they’ll have your emotions whipsawing. I design Profit Boss® Radio to be your voice of rationality and even-handed, evidence-based wisdom. If you want to better understand what’s going on in the markets and make better sense of the story the media is trying to spin right now, you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: What the coronavirus is, who is at risk, and why it is impacting the markets so significantly. Why watching the markets go down right now could be an unfamiliar feeling - and why pulling your investments out is a surefire way to lose money. How the media assigns causality to market events, and why no one really understands why the market moves when it moves this fast. Why predictions have so little bearing on the stock market - and why risk is already reflected in stock values. How to remain calm and confident that the markets will recover. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts

Perhaps you’re really starting to come into your own as an earner and thinking you could benefit from working with a financial advisor. Maybe you’ve met with several people who all call themselves financial advisors, but were surprised to discover that there was no consistency at all in what they did or the services they offered. You may also be wondering why so many advisors charge for their services in completely different ways. If your initial research into the world of financial advisors has left you with more confusion than clarity, today’s episode of Profit Boss® Radio is for you. A great financial advisor is someone who you can trust deeply - and who prioritizes your success above everything else. They should help you create a world-class investment experience uniquely suited for your needs, give you the tools to thrive in life, and help you create a legacy and estate that you’ll be able to pass on to the next generation. So, do you want to know the most important questions to ask, the red flags to look out for, and what a great relationship with a financial advisor can do for you? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today! Here’s what you’ll find out in this week’s episode of Profit Boss® Radio: Why there’s so little consistency between people who call themselves financial advisors. Why I don’t like annuities - and why I don’t consider financial advisors who predominantly sell life insurance to be real financial advisors. The qualities to look for in a potential financial advisor. Understanding the difference between a fee-only and fee-based financial advisor. How to work with a financial advisor to create a world class portfolio that’s low cost, high performance, diverse, evidence-based, and built to weather market cycles. Why tax minimization, lifestyle coaching, insurance recommendations, and mortgage analysis can all be provided by the right financial advisor. What an empowering, meaningful cash flow actually looks like. Why almost every prospective client I speak with has horror stories about past advisors - and how to find someone who you can actually trust. Show Notes To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/157. Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to The Retirement Years on Profit Boss® Radio Apple Podcasts Overcast Spotify Stitcher Google Podcasts