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Need to reset your money? Learn how to do some spring cleaning with your finances to start building momentum with your biggest goals! For some reason, I like to use April is a sort of reminder to review our financial progress. Maybe because of the deadline for taxes. Or maybe it’s because it’s financial literacy month. Anyways, during April I’ll poke around all our accounts, including investments to make sure we’re moving in the right direction. I’ll also review our goals for the year and see if we need to adjust anything. If you’ve signed up for the community newsletter you got a look at a few of our goals for this year. We’re looking to: Make a dent on our mortgage with extra payments Have enough saved up to replace a car And for me, I’m working on getting in shape to tackle a 5k obstacle course And if you haven’t, go ahead and take a little extra time checking your goals and numbers. Things can be going smoothly, which is awesome. But it’s not – like you’re behind on a goal or you two can’t seem to make any headway on something, this episode is for you. We’re going to look at how you can reset things, do some financial spring cleaning, and build up some momentum. In this episode we get into: Why finances are a lot like fitness Best resources to get on the same page as a couple and How to start paying off debt faster, saving more, and creating your own path to financial freedom and independence Hope you enjoy! Resources to Stay on Top of Your Money Want to learn more about getting a redo on your money? Here are some resources to check out: Best Budget and Money Apps: Personal Capital, Tiller, Mint Grow Your Stash Faster: High Yield Savings with CiT Bank Automatic Saving: Qapital Jumpstart Your Marriage and Your Money Debt Pay off Worksheet Change Your Habits and Own Your Finances Which Debt Payoff Method Is Right for You? 3 Steps to Staying Motivated While Paying Off Debt 50 Ways to Give Your Finances A Fresh Start How to Start Investing (with $1,000 or Less)Paying Off Your Debt Faster as a Couple How to Build Wealth While Raising a Family Using Snowflakes to Pay Off Debt Faster Support the Podcast! Thank you so much for listening to the podcast! Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share. Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher. Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together! Music Credit Like the music in this episode? Our theme song is by Gentle Regime. Additional music by Lee Rosevere.
This week I had the chance to chat with Kimberly Palmer, author of Smart Mom, Rich Mom. Kimberly Palmer is the author of “Smart Mom, Rich Mom: How to Build Wealth While Raising a Family.” She is a financial journalist living in Washington, DC with her family, including two children. WHETHER YOU’RE A PARENT OR NOT, HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: The statistics behind women handling their own finances. How to get started with automating your financial education. Why a basic financial foundation is needed before jumping in to understanding your investments. The #1 thing needed to come together as a couple and a family to get on track financially. Where to start with teaching your children about money and the power to stories. When and why you should talk to your own parents about their financial situation. What you should do now to start planning for care for your aging parents. Creative ways to leverage employee benefits. LINKS WE MENTIONED ON THE SHOW: Kimberly’s book: Smart Mom, Rich Mom: How to Build Wealth While Raising a Family Kimberly’s website
Your savings is a security blanket, and your exercises in frugality have left others astonished. At times, you’ve been known to neglect yourself (or your home or car etc.) in order to maintain an aggressive saving streak. The Vigilant Stockpiler may find joy in the certainty and safety, but you’re also not as likely to actually enjoy what you’ve saved. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; financial therapist Amanda Clayman; and financial psychologist Brad Klontz.
You like to see your money in action (especially transactions). Risky investments and debt don’t deter you. You make the most of now. You enjoy shopping for gifts and experiences. Some consider The Avid Consumer a big spender. You may pride yourself on it or secretly know you’ve got to cut back. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; Jeff Rose, Certified Financial Planner and blogger at GoodFinancialCents.com; and Emma Johnson, journalist, blogger at WealthySingleMommy.com, and host of Like a Mother podcast.
Your savings is a security blanket, and your exercises in frugality have left others astonished. At times, you’ve been known to neglect yourself (or your home or car etc.) in order to maintain an aggressive saving streak. The Vigilant Stockpiler may find joy in the certainty and safety, but you’re also not as likely to actually enjoy what you’ve saved. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; financial therapist Amanda Clayman; and financial psychologist Brad Klontz.
Money is not your number-one priority. But that doesn’t bother you. In some ways, it has even given you peace. Sometimes you’re apathetic, but most times you’re optimistic. As an Optimistic Avoider, you feel good about the future even if you’re not sure of how you’ll get there. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; financial therapist Amanda Clayman; and David Carlson, personal finance blogger at YoungAdultMoney.com and author of Hustle Away Debt.
You're proactive, tend to save for major purchases, and for the future. You’re not afraid of budgets. Your financial decisions are well researched. You’re not excessively frugal, but may not part with money easily. The Structured Saver makes it look easy, but you’re the only one who knows how hard you really work at it. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; Jeff Rose, Certified Financial Planner and blogger at GoodFinancialCents.com; and David Carlson, personal finance blogger at YoungAdultMoney.com and author of Hustle Away Debt.
You like to see your money in action (especially transactions). Risky investments and debt don’t deter you. You make the most of now. You enjoy shopping for gifts and experiences. Some consider The Avid Consumer a big spender. You may pride yourself on it or secretly know you’ve got to cut back. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; Jeff Rose, Certified Financial Planner and blogger at GoodFinancialCents.com; and Emma Johnson, journalist, blogger at WealthySingleMommy.com, and host of Like a Mother podcast.
Money is not your number-one priority. But that doesn’t bother you. In some ways, it has even given you peace. Sometimes you’re apathetic, but most times you’re optimistic. As an Optimistic Avoider, you feel good about the future even if you’re not sure of how you’ll get there. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; financial therapist Amanda Clayman; and David Carlson, personal finance blogger at YoungAdultMoney.com and author of Hustle Away Debt.
You're proactive, tend to save for major purchases, and for the future. You’re not afraid of budgets. Your financial decisions are well researched. You’re not excessively frugal, but may not part with money easily. The Structured Saver makes it look easy, but you’re the only one who knows how hard you really work at it. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; Jeff Rose, Certified Financial Planner and blogger at GoodFinancialCents.com; and David Carlson, personal finance blogger at YoungAdultMoney.com and author of Hustle Away Debt.
You like to see your money in action (especially transactions). Risky investments and debt don't deter you. You make the most of now. You enjoy shopping for gifts and experiences. Some consider The Avid Consumer a big spender. You may pride yourself on it or secretly know you've got to cut back. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; Jeff Rose, Certified Financial Planner and blogger at GoodFinancialCents.com; and Emma Johnson, journalist, blogger at WealthySingleMommy.com, and host of Like a Mother podcast.
Your savings is a security blanket, and your exercises in frugality have left others astonished. At times, you've been known to neglect yourself (or your home or car etc.) in order to maintain an aggressive savingstreak. The Vigilant Stockpiler may find joy in the certainty and safety, but you're also not as likely to actually enjoy what you've saved. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; financial therapist Amanda Clayman; and financial psychologist Brad Klontz.
Money is not your number-one priority. But that doesn't bother you. In some ways, it has even given you peace. Sometimes you're apathetic, but most times you're optimistic. As an Optimistic Avoider, you feelgood about the future even if you're not sure of how you'll get there. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; financial therapist Amanda Clayman; and David Carlson, personal finance blogger at YoungAdultMoney.com and author of Hustle Away Debt.
Money is not your number-one priority. But that doesn't bother you. In some ways, it has even given youpeace. Sometimes you're apathetic, but most times you're optimistic. As an Optimistic Avoider, you feel good about the future even if you're not sure of how you'll get there. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; financial therapist Amanda Clayman; and David Carlson, personal finance blogger at YoungAdultMoney.com and author of Hustle Away Debt.
You like to see your money in action (especially transactions). Risky investments and debt don't deter you. You make the most of now. You enjoy shopping for gifts and experiences. Some consider The Avid Consumer a big spender. You may pride yourself on it or secretly know you've got to cut back. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; Jeff Rose, Certified Financial Planner and blogger at GoodFinancialCents.com; and Emma Johnson, journalist, blogger at WealthySingleMommy.com, and host of Like a Mother podcast.
Your savings is a security blanket, and your exercises in frugality have left others astonished. At times, you've been known to neglect yourself (or your home or car etc.) in order to maintain an aggressive savingstreak. The Vigilant Stockpiler may find joy in the certainty and safety, but you're also not as likely to actually enjoy what you've saved. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; financial therapist Amanda Clayman; and financial psychologist Brad Klontz.
You're proactive, tend to save for major purchases, and for the future. You're not afraid of budgets. Your financial decisions are well researched. You're not excessively frugal, but may not part with money easily. The Structured Saver makes it look easy, but you're the only one who knows how hard you really work at it. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; Jeff Rose, Certified Financial Planner and blogger at GoodFinancialCents.com; and David Carlson, personal finance blogger at YoungAdultMoney.com and author of Hustle Away Debt.
You're proactive, tend to save for major purchases, and for the future. You're not afraid of budgets. Your financial decisions are well researched. You're not excessively frugal, but may not part with money easily. The Structured Saver makes it look easy, but you're the only one who knows how hard you really work at it. Hosted by Faith Salie and featuring: Kimberly Palmer, personal finance journalist and author of Smart Mom, Rich Mom: How to Build Wealth While Raising a Family; Jeff Rose, Certified Financial Planner and blogger at GoodFinancialCents.com; and David Carlson, personal finance blogger at YoungAdultMoney.com and author of Hustle Away Debt.
In this month's bonus interview Meagan chats with financial writer and mom Kimberly Palmer, whose new book Smart Mom, Rich Mom: How to Build Wealth While Raising a Family speaks to the challenges facing many parents today. What did you think of the interview? Let us know in the comments! Links & Resources Smart Mom, Rich
Other ways to listen: iTunes ♦ Stitcher ♦ TuneIn ♦ SoundCloud (and coming soon … GooglePlay!) This is such an awesome interview for so many reasons. Kimberly Palmer, former senior money editor for U.S. News, married mom of two, and all-around smart girl, wrote a book that is so obvious in its scope and mission it seems impossible it does not already exist: Smart Mom, Rich Mom: How to Build Wealth While Raising a Family That's right: a personal finance book for moms. Insane? Hardly. But what delightfully thrilled me is some hard-lined rules Palmer lays out for mothers, as well as her patent assumption that moms need to be taking care of business by themselves — and not naively assume there is a man in the picture. Some highlights from the interview: Stop focusing on couponing, and start focusing on EARNING Never ignore your earning power. DO NOT STEP OFF THE CAREER PATH. Stay-at-home motherhood is a fantastical fantasy, so get over it. The higher-earning spouse's time is not more valuable than the less-earning spouse's time. How to talk to your kids so they understand that you w.o.r.k. Loving this podcast? Follow on RSS, Stitcher, TuneIn, SoundCloud or iTunes. Leave a review, me love you long time. Muah! Are you part of the new Facebook group, Millionaire Single Moms? No income requirement, though BIG GOALS and a POSITIVE MINDSET required! Join now!
Ever Better Podcast | Inspiring Stories | Motivating | Transition with Grace | Fulfillment | Wisdom
When I looked back at the podcasts I published over the past few weeks I realized that my guests were all focused on books – writing them, creating them, and sharing them with the public. In Episode 20, my guest was Grace Freedson. She helps bring books to life about resilience, careers, business, and other non-fiction topics. In Episode 21, I interviewed Kimberly Palmer, a journalist and author whose third book, Smart Mom, Rich Mom, has just been published. In Episode 22, my guest was Valerie Gross, President and CEO of the Howard County Library System. Valerie has created a model for libraries where they are recognized as a key part of our public educational system. It’s not a big surprise that I found these three women because I love to read. I always have. While growing up I used to read at night after I was supposed to be in bed. I had a night light next to my bed that I would use to read surreptitiously. I would build a stand using hardcover books and set my book on it just under the light, and of course, I would pretend to be asleep if I heard my mom or dad in the hallway. You might have guessed that I love going to libraries. When my son was younger I took him to the library frequently. If I visited the library when he wasn’t with me, I would check out a stack of books for him to browse through at home – and hopefully read. I wanted him to have constant exposure to children’s books that covered a variety of topics so I chose biographies, science topics, and adventure stories. And, I still visit the library a couple of times a week to check out printed books, audio books, or DVDs for myself. All that reading and all those library visits have led me to these three incredible guests. Kimberly Palmer Kimberly Palmer created her newest book Smart Mom, Rich Mom, How to Build Wealth While Raising a Family through applying the techniques she has honed as a journalist for more than 15 years. She felt it was important to share lessons about financial management from mothers of all ages so she found and interviewed 50 moms. Other books focus on clipping coupons and giving up your daily latte, but she wanted to dig into stories of managing money from real people, which she explains in this journal episode. I often wonder how an author comes up with their book ideas. Kimberly explained that her parents would often talk about their finances and her mother wrote a letter to her and her sisters sharing her hard-won financial lessons. And this was some of the inspiration for her book. Grace Freedson The process of writing a book takes devotion and personal motivation. Each author approaches their work in a different way. As a book agent, Grace Freedson, my guest on episode 20, has seen many different work styles and discusses the discipline needed to write a book and how some authors approach their work. An author has sell their idea to Grace or any other agent by researching the market for the book and creating a detailed proposal. They should also build a following through social media, a blog, or some other means. Grace discusses the proposal elements in this episode. Valerie Gross Valerie Gross, President and CEO of the Howard County Library System, is pursuing a mission to offer education to all through wide-ranging programs that are created based on needs of the community. In this journal episode, Valerie describes the importance of the library system and the impact of library programs. Contact me: I love to hear from listeners! You can reach me directly at Lisa@EverBetterU.com.
Ever Better Podcast | Inspiring Stories | Motivating | Transition with Grace | Fulfillment | Wisdom
Kimberly Palmer writes, speaks and teaches about making smart money and life choices. She’s married and has two children, teaches a class on social media, has a full-time job as a writer/editor with AARP and has an Etsy shop. Her third book, "Smart Mom, Rich Mom: How to Build Wealth While Raising a Family" has just been released! Kimberly takes a multi-generational approach to her work, honoring the wisdom of mothers of all ages. In this discussion she shares how a letter about money that her mother wrote to her when she was 21 inspired and informed her work. She also discusses: Juggling family, a job, a writing career, an Etsy shop, and teaching social media classes, Wisdom from her new book with advice for women at all stages of mothering, Pitching and winning her first book deal, Setting and tracking weekly, monthly, and yearly goals, The many possibilities for new empty-nesters, Giving an allowance, Teaching children about money, Reading The Beauty Myth by Naomi Wolf as a young teen, and The value of visiting the library. Feel free to send me a note! I love to connect with listeners! Lisa@EverBetterU.com
Today on So Money, Kimberly Palmer joins us. She is the senior money editor at US News & World Report and author of "The Economy of You: Discover Your Inner Enrepreneur and Recession-Proof Your Life." She is working on a new book coming out next year entitled, "Smart Mom, Rich Mom: How to Build Wealth While Raising a Family." Kimberly also serves as an adjunct professor at American University where she teaches a mastering social media course. For more information visit www.somoneypodcast.com.