Podcasts about workable wealth

We chat with Marybeth Storjohann who is a Certified Financial Planner qand has been in the financial services business for 16+ years. She is the founder of Workable Wealth to provide financial education and empowerment to people in there 30s to 50s. She's also a partner and Chief Marketing Officer at Abicus Wealth Partners. We talk about her entrepreneurial ventures and partnership venture. She is passionate about teaching others about finances and shares her wisdom with us. Links in this Episode: https://workablewealth.com/ (https://workablewealth.com/) https://www.facebook.com/workablewealth (Facebook) Twitter: https://twitter.com/marybstorj (@marybstorj) Instagram: https://www.instagram.com/marybstorj/ (@marybstorj) The Big Ask Podcast is hosted by Nicole Matthews as inspired by her book https://www.amazon.com/Permission-Stop-Competing-Start-Creating/dp/1480811947 (Permission), to contact her or learn more about her work please use the links below: Instagram: https://www.instagram.com/msnicolematthews/?hl=en (@msnicolematthews) Instagram: https://www.instagram.com/bigaskpodcast/ (@bigaskpodcast) Twitter: https://twitter.com/henleyco?lang=en (@henleyco) https://www.facebook.com/MsNicoleMatthews (Facebook) http://www.nicolematthews.com (www.nicolematthews.com) http://www.thehenleycompany.com (www.thehenleycompany.com)

Mary Beth Storjohann, CFP®, is Founder of Workable Wealth, a platform providing financial education and empowerment to those in their 20s to 40s, as well as Partner and Chief Marketing Officer at Abacus Wealth Partners.    In this episode, she brings her expertise in marketing and younger investors to provide actionable tips to tap into, as she calls it “the most underutilized opportunity in this industry,” the next generation. Tune in for her insights on the value of getting in with clients while they’re young and how to attract and best work with younger clients. Plus, she and host Mike Woods discuss why she (and her clients) prefer virtual meetings and which marketing tactics are coming back and which are gone for good. Learn about FMG Suite: https://go.fmgsuite.com/podcast Questions? Contact us at marketing@fmgsuite.com  Thanks for listening! Don’t forget to subscribe and leave us a review.  

Hey friends! Today’s episode was actually recorded in March of 2020 and given the topic, we didn’t feel it was appropriate to air it when it was originally scheduled to be released. However, the story is really powerful and important so I wanted to share it with you and hope you gain the inspiration for how you can grow your business any way you want! Thinking about selling your business? Even if you’re still in the early stages of entrepreneurship or if you’ve been at it for quite some time, it’s never a bad idea to at least consider the thought of one day selling your company. That’s why I invited on a past guest, Mary Beth Storjohann of Workable Wealth. Mary Beth was on the podcast for episode 28 and we talked about money misconceptions and the importance of knowing your numbers in business… Well, that has all paid off for her and today we talked about what it was like to sell her business. She shares the nitty-gritty of the decision-making process, how she weighed out the pros and cons, concerns she had and what non-negotiables she made sure were included in the contract (like the ability to work remote and live in Italy for 3 months out of the year!)  We discussed how her definition of success has evolved from the early days of business to now. She shares how this process gave her a glimpse into who she was and what was most important to her and she ultimately shares her candid advice to those who may be thinking about selling their business one day (and why you absolutely need a lawyer to help you with the process).  ON TODAY’S EPISODE: How Mary Beth defined success in the early days of her business Mary Beth’s experience with being approached with inquiries of buying and merging Her initial reaction to Abacus expressing interest in purchasing her business The concerns that came up that made Mary Beth decline the merger  Being offered the role of the Chief Marketing Officer to revamp their marketing  Her fears and frustrations around letting go of Workable Wealth Weighing each layer of her decision on whether or not to do the merger The non-negotiables that Mary Beth insisted on having in the company merger Planning her dream life and putting it all in her merger contract Keeping her rights to be able to run Workable Wealth Lessons that she’s learned about herself through this process How Mary Beth defines success now  Her advice for something thinking about selling their own business RESOURCES: 028 | Money Misconceptions & Financial Accountability with Mary Beth Storjohann, Workable Wealth Year of Yes: How to Dance It Out, Stand In the Sun and Be Your Own PersonHow are brick & mortar shop owners navigating Covid-19? Interview Series   MEET MARY BETH:  Mary Beth Storjohann is a CERTIFIED FINANCIAL PLANNER(TM) and has been a partner and Chief Marketing Officer with Abacus since 2019, following the merger with her firm, Workable Wealth. With over 14 years of experience in the financial services industry, she works as an author, speaker, and financial coach to apply a fun, albeit no-nonsense approach in working with entrepreneurial women and couples in their 30s – 50s across the country, helping them make smart, educated choices with their money.   CONNECT WITH MARY BETH:   Website: https://abacuswealth.comBlog: https://workablewealth.com/blog/ Podcast: https://workablewealth.com/wywpodcast/ Facebook: @workablewealth Instagram: @marybstorj Twitter: @marybstorj   SLOW STEADY GROWTH ARE HOW STRONG BUSINESSES ARE BUILT Building a business is a long game, won with patience, fortitude, intentional decisions and passion.​ Inside Proof to Product LABS, you’ll receive the support, education and accountability to move your business towards your goals.   ​Join Proof to Product Labs, our 12-month group coaching program built specifically for product based business owners. SUBSCRIBE To subscribe on iOS, go to the iTunes page and subscribe to Proof to Product. On Android, you can listen using your favorite podcast app.  WRITE A REVIEW Writing a review on iTunes will help other product based business owners find Proof to Product as they are working to up level, scale, and build profitable and sustainable companies. FOLLOW PROOF TO PRODUCT Follow Proof to Product on Instagram for the latest updates. JOIN OUR EMAIL LIST If you'd like to receive more information about our upcoming episodes of Proof to Product including show notes and information about our guests, head over to www.prooftoproduct.com and sign up for our email list.   SHARE Be sure to share Proof to Product with all of the product based business owners that you know!  ABOUT PROOF TO PRODUCT: Proof to Product is hosted by Katie Hunt. Since 2011, Proof to Product has worked with thousands of product based businesses to help them up level, scale, and build profitable sustainable companies. You can find our show notes and additional resources at ProofToProduct.com. If you like what you heard today, please head over to Apple Podcast to leave a five star review and subscribe. Thanks so much for listening. We'll be back next week with a new episode!

Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of 2019, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: The most common financial concern seen with entrepreneurs The retirement plan options available to small business owners Items to be aware of if utilizing a SEP IRA Some of the numbers associated with an individual 401(k) The best plan to start with if you have employees  How much you should be saving into your retirement account  The type of insurance a small business owner should consider How a disability policy works and why you need it If you’re thinking group policy, here are some options as a small business owner Why you should have life insurance and who you are protecting The type of life insurance policy you should get What a keyman insurance policy will do for your business Reasons you should have a business continuity plan The two big ticket items we see people and business owners drag their feet on Why you should have professional liability insurance The benefits of utilizing a financial planner through all these decisions LINKS WE MENTIONED ON THE SHOW Freelancers Union Workable Wealth Blog post GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram

Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of 2019, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: Options to save after you’ve maxed out your 401k 401k limits for singles and married couples The definition of a backdoor Roth IRA and some considerations around it Income limitations for Roth IRA What you should have set up before doing a backdoor Roth IRA Why you should work with a financial planner if interested in the backdoor Roth Tax considerations when utilizing the backdoor Roth IRA When to begin contributing to a 529 Plan and how much What to look for when investing in a taxable account What capital gains taxes will look like based on income and time How to take advantage of a Health Savings Account (HSA) Some ages to keep in mind if you are utilizing an HSA How you should prioritize your savings goals GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram

One of the fun parts of being a financial planner is getting to discuss some of the money moves we’ve made in our household knowing clients and readers are going through similar things. In these Work Your Wealth episodes I'll be taking time to address how we approached the different money situations and the results of our decisions. Today I'm talking about what has happened since the merger with Abacus Wealth Partners, what Workable Wealth looks like now, how we’ve been getting through the pandemic and changes I’ve made to align my career with my values. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: An update on where things are for Workable Wealth Why it’s okay to pivot, even during a pandemic Career details about my merger into Abacus Wealth Partners and how things are going What prompted me to pivot and merge with Abacus Wealth Partners What I recognized about my business and career to expand the value I was providing Things we built after the transition What Workable Wealth has turned into after the merger What it looks like to make broader changes in the financial industry The decision that was made to align my career with my values How I felt I could make a bigger impact with clients and in the industry   LINKS WE MENTIONED ON THE SHOW: Episode 88: Business Transitions as an Entrepreneur: How We Decided to Merge Workable Wealth LET’S CONNECT! Facebook Twitter Instagram

We've all been there; lending to friends and never seeing that money again, 'splitting the bill' when you only got a salad and a water, standing up in a wedding without realizing all the hidden costs. Whatever the situation, setting financial boundaries with friends and loved ones can be tough, but necessary! Today we talk identifying our financial boundary lines and how to draw them. Sponsors:  Budget Buster Bootcamp! B3 is my new mini course designed to help you stick to a budget in just one week. If you find yourself busting your budget every month then I made this course for you. There are no money saving tips in here, just 5 strategies to think differently about budgeting so you can finally stick to it and do it long term. If you’ve tried budgeting and it just hasn’t worked for you then check out https://www.budgetbusterbootcamp.com to learn more and use the code FRIENDS to get 10% off! Saying NO: Yup, you’ve heard this sponsor before, and they’re back to remind us that ‘no’ is an acceptable answer AND a complete sentence. Notable Notes: What the Internet has to say: This artcile from Holly Scherer (https://www.hollyscherer.com/boundaries/) dives into how to set healthy boundaries with your family  What Jen + Jill have to say: What’s mine/what’s not mine - look at the situation simplistically How to identify our boundaries: Brene Brown defines it best as she describes boundaries are essentially “what’s okay and what’s not ok” More from the Internet: This article from Workable Wealth (https://workablewealth.com/2019/06/12/how-to-set-better-money-boundaries/) describes how we can set money boundaries with friends  More from Jen + Jill: Identify the various types of 'financial frenemies' you're dealing with Have a strategy for supporting friends BILL OF THE WEEK - Thank you Ally for sharing your bill with us about duck bills!! If you want to submit your bill of the week visit https://www.frugalfriendspodcast.com/billto leave us a bill This Bill of the Week is brought to you by BetterHelp. BetterHelp offers online counseling and therapy services for individuals, couples, and teens. Just answer a few questions and they’ll  assess your needs to match you with a licensed professional therapist that fits your needs and preferences. AND as a Frugal Friends listener you get 10% off your first month when you sign up at betterhelp.com/Frugal (https://www.betterhelp.com/frugal) .  Lightning Round Our financial boundary stories  Jen- bridesmaid, bridal shower cost Jill - boating (speaking expectations), helping someone move Wrap-up: Thanks so much for listening! Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to frugalfriendspodcast@gmail.com (mailto:frugalfriendspodcast@gmail.com) . AND share our most recent episode on social for a chance to win a copy of the Frugal Friends Workbook! Thanks for listening! See you next week!

Today In the Suite welcomes Mary Beth Storjohann, CFP® Founder of Workable Wealth and the Chief Marketing Officer at Abacus Wealth Partners. Mary Beth is an enterprising author, speaker, and financial coach who has made more than a living, but a beautiful life, out of her passion for educating and empowering women around money.Mary Beth’s own exposure to the financial planning industry began in college and she’s been pushing the industry forward ever since. Her first book, Work Your Wealth – 9 Steps to Making Smarter Choices with Your Money, is Mary Beth’s own blueprint of the exact money moves she teaches her clients in order to align finances with values. In this episode we learn the financial advice for both millennials and women of all ages; how firms can be consciously diverse; and Mary Beth’s timeless advice for those looking to go into financial planning.Join the conversation to hear more about:Abacus Wealth Partners’ comprehensive Covid-19 resources (5:49)The most important area of focus for all during the global pandemic (9:35)The importance of intentionality when it comes to financial decisions (21:59)Why Mary Beth focuses on educating women on money (24:00)How Millennials and Gen X’s can start their own financial planning businesses without big investments (29:21) How Abacus Wealth Partners approaches new client acquisition with diversity in mind (34:51)The top advice to ensure your firm is consciously diverse (37:47)The best way to start your second career in financial planning (40:20)What to keep in mind as you’re starting your own financial planning business (46:45)Mary Beth’s timeless piece of financial advice (53:02) The physical object that gives Mary Beth superhero strength (55:23)Referenced Materials Abacus Wealth Partners Website Abacus Wealth Partners COVID-19 Resources Page Workable Wealth Website Work Your Wealth Podcast on Apple Podcasts Work Your Wealth - 9 Steps to Making Smarter Choices with Your Money on Amazon

This week I sat down again with Ariel Ward, CFP® to talk about how to become a millionaire and some of the small steps you can be taking now to help you down the road. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: The first thing to do to start growing your net worth The question I like to ask all of my clients to help judge progress How being debt conscious can be an important step toward millionaire status How student loans play into your plan of millionaire status How critical employer-sponsored retirement savings accounts can be Leveraging a Roth IRA or a backdoor Roth IRA If you’re paired up, is maxing out two 401(k)s enough for retirement A few items millionaires have leveraged to get to that status Other areas to focus on beyond investments when working to become a millionaire One of your most valuable assets to help you increase your net worth How lifestyle inflation can delay your ability to become a millionaire What a $5,000 raise could do to your net worth over 20 years A fear small business owners have that could be hurting their millionaire status Where a budget plays into your millionaire goal The difference between saving a percentage of income vs. a specific dollar amount LINKS WE MENTIONED ON THE SHOW The Millionaire Next Door GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram

This week I sat down again with Ariel Ward, CFP® to talk about how to know if you can afford for one parent to stay home. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: How to financially navigate having one parent stay at home with the kids The significance of knowing what your family expenses are A few things people tend to forget when looking at monthly expenses Expenses that might go away with one spouse at home The budgets we establish for our clients when one person stays home Why you should discuss how long the spouse will stay at home before returning to the workforce, if ever Ideas for the working parent to increase income or flexibility Options for the stay-at-home parent to still bring in an income What to consider when it comes to employee benefits for the parent staying at home How staying at home might change what you need for disability or life insurance Changes that could take place with your investments by having one parent stay home The conversations we have with clients when considering one parent staying at home The most important question to consider when making the change A couple of red flags we’ve seen when looking at cash flow The unique story Brian and I have about having one parent stay home The agreement Ariel worked out with her employer to allow her to stay at home What happens when the at-home parent is trying to do too much GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram

In this episode, Mary Beth Storjohann speaks to Master Builders about her experience with financial anxiety and how she helps women work their wealth. Don't miss it! #YouAreYoungMoney

This week I sat down again with Ariel Ward, CFP® to talk about things to think about before buying a home. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: Why people have hesitation around investing Some fears people relate investing to Why you shouldn’t use the news as a guide for to invest Translating the market changes to your investments How risk tolerance and asset allocation play into your investment portfolio Questions to ask yourself when considering different investment vehicles The trend of the market over a long period of time Investment vehicles for different levels of risk and what that means for your money The good and bad of taking on more risk in your investments Why you should understand the emotional aspect of investing How a financial planner can help you navigate your capacity for risk Should you invest when the markets are high? How to utilize dollar cost averaging to support your emotional side of investing What is meant when talking about “investing” LINKS WE MENTIONED ON THE SHOW Dow Jones Industrial Average S&P 500 MSCI Russell 2000 GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail Instagram  

Today’s guest is Mary Beth Storjohann. She’s a CFP® and Founder of Workable Wealth is not your typical financial planner. With over 14 years of experience in the financial services industry, she works as an author, speaker, and financial coach to apply a fun, albeit no-nonsense approach in working with entrepreneurial women and couples in their 30s – 50s across the country, helping them make smart, educated choices with their money. Mary Beth initially became interested in finances because even though she had hardworking parents, there was a lack of financial education in the household as she grew up. After taking a receptionist position at a financial planning firm while in college, she grew to love the industry, changed her major, and hasn’t looked back since.  As both a financial planner and entrepreneur, Mary Beth has some great advice to share. In this episode we discuss: The connection between money and independence The difference between building a business to run until you’re done with it versus building a business that you can sell How she determined that it was right to merge with another planning firm Why she works with a financial planner even though she is one What her biggest financial mistake was and why she doesn’t regret it How to budget in a way that creates freedom with your spending If you’re interested in learning more about Mary Beth, check out the following: Workablewealth.com Work Your Wealth by Mary Beth Storjohann The Work Your Wealth podcast If you’re interested in learning how to take control of your finances, schedule a FREE call with Lauryn Williams here.

This week I sat down again with Ariel Ward, CFP® to talk about things to think about before buying a home. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner and in March of this year, made the move to Abacus Wealth Partners with me as a Financial Planner. She and I work closely together on our clients. She has 11 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: A big decisions we’ve been helping multiple clients with this year Financial considerations to make before buying a home The reason people many feel the need to purchase a home Homeownership costs that might not always increase the value of the home Where the commission fees play into your financial well being for short term homeownership How long to plan on staying in a home before selling it The dangers of buying a home for the maximum amount a lender approved you for Why you should consider future life milestones when deciding on how much house to buy Where retirement savings plays into plans for buying house Some realities of homeownership that aren’t always talked about Tips for saving for a home down payment The types of accounts to stash money away into for your initial down payment A good way to prepare financially if you are considering upsizing your home The down payment percentage you should be striving for The way Private Mortgage Insurance can affect your cash flow How to prioritize big savings goals alongside buying a home Rule of thumb for establishing an emergency fund LINKS WE MENTIONED ON THE SHOW: How to Plan (and Save) for a Home Down Payment blog Is Home Buying Still a Good Idea? blog Should My Partner and I Buy a Home Before we Marry? blog How Much Home Can Your Lifestyle Afford? blog Planning to Buy? blog 8 Hidden Costs When You Buy a Home blog GET SOCIAL WITH ARIEL AND LET HER KNOW YOU HEARD ABOUT HER HERE Workable Wealth Website Ariel’s e-mail  

This week I had changed things up a bit and became the interviewee! I invited my husband Brian on to chat about how we decided to sell my business. Selling my business was no easy decision. There were months of discussions, months of debate and a lot figuring out what we wanted in life. On today’s episode Brian and I chat about what led to selling my business, why we felt it was the right decision for us and some of the many things I am excited about coming up for Abacus Wealth Partners. We also chat about what you the listeners, clients, subscribers, etc. can expect going forward for the Workable Wealth and Work Your Wealth brands. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: How a big decision for your business impacts your family life The importance of discussing big business decisions with your significant other The opportunities that were available to Workable Wealth Factors that went into merging into a larger firm How Mary Beth learned and was exposed to Abacus Wealth Partners The push Mary Beth received through the mentorship program Why she explored the idea of a merger How the Chief Marketing Officer role played into the merger Mary Beth’s discovery of “secret” Abacus The unique way Abacus onboards new employees How Abacus is walking their talk when it comes to diversity How the culture of Abacus impacted the merger decision Opportunities seen within Abacus for Workable Wealth and their clients What it came down to for Mary Beth to say “Yes” to Abacus The responses clients have given regarding the merger What readers, listeners, clients, etc. expect going forward Be on the look out for the “Money Circles” launch What the future holds for Workable Wealth LINKS WE MENTIONED ON THE SHOW: Abacus Wealth Partners Mary Beth Exciting News to Share Blog Post Become an Abacus Client LET’S CONNECT! Facebook Twitter Instagram

Many times people see just the dollars and cents side of money, but there is so much more behind each person’s money script. You have certain beliefs and ideas about your money for a variety of different reasons. In today’s Money Checkup, I chat with fellow Certified Financial Planner®, Mary Beth Storjohann on some of the questions we see quite often when it comes to money and hiring a financial planner to navigate money issues. We dive into what to look for in a CFP®, questions you should be asking your potential financial planner and more! Tune in and learn how to determine which financial planner is the right FIT for you. Mary Beth Storjohann, CFP® works as an author, speaker, and financial coach to apply a fun, albeit no-nonsense approach in working with individuals and couples across the country, helping them make smart, educated choices with their money. She is the Founder of Workable Wealth, a platform that provides financial education and empowerment to those in their 20s – 50s, and is the Chief Marketing Officer at Abacus Wealth Partners, a fee-only, independent firm that is a change-maker in the financial planning world with a focus on diversity and inclusion, impact & socially responsible investing, and making financial planning accessible. What We Will Cover Questions that come up around hiring a financial planner Barriers people put up for not hiring a financial planner How to address the emotional side of money How a financial planner can provide a safe space to talk about your money Important items to look for when searching for a financial planner Fiduciary explained and why your financial advisor should be in this category Fee-only versus fee-based financial planners A few things to consider when finding the right fit for your financial planner How comfort and the ability to relate can be crucial for picking your financial planner Why your financial planner shouldn’t be afraid to have the tough conversations with you Why you may not get the sample plan you ask for when interviewing a financial planner The questions you SHOULD be asking instead The peace of mind a financial planner can bring to your life The fees discussed and the value that you get Why fees will be different when comparing financial planners Different options to pay your financial planner to make it work best for you The challenges and pitfalls you might run into down the “do it yourself” route  Getting Connected With Mary Beth Mary Beth's Website Facebook Instagram Mary Beth’s Email Click here if you want to read the transcript instead! Why You Should Hire a Financial Planner with Mary Beth Storjohann

This week I sat down with one of Workable Wealth’s very own Financial Planners, Ariel Ward, CFP®. Ariel Ward, CFP® joined Workable Wealth in 2018 as a Financial Planner. She has 10 years of experience in the field of personal financial services and in helping clients develop financial clarity. She is passionate about helping professionals in their 20s-40s understand their financial lives and make better decisions with their money. Ariel is married to a pilot and spends as much time as possible exploring the US with her husband and 2 children. She enjoys working with clients in the aviation industry to make the most of their employee benefits and map out a plan for personal financial strength. She is a member of NAPFA, the XY Planning Network and the Financial Planners Association. Ariel works virtually out of Charlotte, NC. She enjoys North Carolina’s mountains, beaches and everything in between. In her free time you can catch her walking to one of Charlotte’s excellent breweries, playing Scrabble or building Lego houses with her kids. HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: How Ariel came to join the Workable Wealth team Ariel’s experience as a Financial Planner and what she brings to the team Investment mistakes Workable Wealth has seen with clients that we want to help you avoid How expense ratios effect your investment The expense ratios Workable Wealth likes to target Why too much cash on hand can be a weakness The risk of holding too much cash The best way to avoid concentration risk The two industry sectors people focus a lot of their allocations on The explanation of diversification through the use of boats in a bay The risk of having too many accounts spread across multiple brokerages A few account consolidation tricks that could benefit your investment accounts Why the lack of clarity around your portfolio can be costly An explanation of short and long term gains When and how much taxes you would be paying on gains How to capitalize on losses from year to year An important reason to be participating in your company’s 401K plan The reason for contributing to a 401K plan over a whole life policy LINKS WE MENTIONED ON THE SHOW: MorningStar What to do if you’re sitting on too much cash blog post Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money The Cost of Waiting blog post No You Don’t Need Universal Life Insurance blog post

5 Business Lessons I’ve Learned in 5 Years One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm talking about the 5 business lessons I've learned and sharing some details (and numbers) behind our company. Get Uncomfortable Fast Connect with People Outside of Your Industry Delegate and Learn to Let Go Find Your Three Pillars Find Your Blue Ocean HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE: Workable Wealth is celebrating a birthday! Where Workable Wealth started and what it has grown into Tools WW leverages to help clients along the way Why WW believes in being accountability partners for its clients Why you should be comfortable with being uncomfortable How leveraging social media helped Mary Beth get uncomfortable The importance of connecting with people outside of your industry A crucial step to being successful in scaling and growing The structure of and who is on the Workable Wealth team Have you found your “three pillars” The role mentorship has played in the growth of Workable Wealth Why a mentor who challenges you is a perfect mentor Workable Wealth wouldn’t be where it was today without masterminds How Mary Beth’s “business bestie” helped her find time for her Why your blue ocean doesn’t have to look like everyone else’s A new product WW is looking to roll out in the coming months In a few weeks WW will be putting a call out… Where Workable Wealth is headed LINKS WE MENTIONED ON THE SHOW: Workable Wealth 3 Year Birthday Post What You Should Look for in a Financial Planner Managing Your Social Media When to Lead and When to Let Go Blue Ocean Strategy book 30 min consultation  

No matter what career you're in likely there are a few industry stereotypes that you have to overcome. Being a CERTIFIED FINANCIAL PLANNER is no different - especially being a female in this industry. Mary Beth Storjohann is a leader in the CFP® world, a podcaster, a mother and so much more and joining on Part 1 of this podcast episode to discuss how she's overcoming industry stereotypes and how you can as well.On This Podcast Episode:Mary Beth Storjohann, CFP® and Founder of Workable Wealth is an author, financial planner and accountability coach working to help clients in their 20s-40s across the country make smart, educated choices with their money. Her recent accolades include the “Top 40 Under 40” by Investment News, “10 young Advisors to Watch” by Financial Advisor Magazine, and “10 of the Best Personal Finance Experts on Twitter.” She frequently appears on NBC as a financial expert and her expertise has been featured in The Wall Street Journal, CNBC, Forbes and more.She's joining me on Part 1 of this podcast episode to dish about career stereotypes that we've both faced and dishing about some of her favorite tips that women need to be aware of to build a strong financial future.You can check out Part 2 of this podcast on Work Your Wealth PodcastYou can connect with her via Twitter @marybstorj, on Facebook, or via Instagram.Shout Out to Our Podcast Sponsors:Big thanks to Wing and Audible for sponsoring this podcast episode.Audible.com/mymoney to get started today! The book I mentioned was called One Up on Wall Street. Wingalpha.com - SIGN UP and enter code MYMONEY to get $25 off your first phone bill!Thanks for Tuning In:Thanks for tuning in to listen to this episode of Millennial Money. You’re awesome and mean so much to us.Also, please leave an honest review for Millennial Money on iTunes! Ratings and reviews are extremely helpful and much appreciated! You’re awesome!Millennial Money is more than just a podcast, we’re all about family here. Join us each weekend for our Sunday Seven Email Club, where we’ll share bonus episodes, money tips, life hacks, exclusive music drops, travel deals, breakfast treats and a whole lotta’ fun!Have an Ask Shannah question, submit it here.Want More:Shannah on TwitterShannah on Instagram

WHAT SHOULD I CONSIDER ABOUT INFERTILITY TREATMENTS AND MY FINANCES? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above question:. WHAT YOU’LL LEARN FROM THIS EPISODE: How many people experience infertility Our story with infertility and how it affected our finances What you need to know to be better prepared if you are going through infertility issues or looking at adoption Questions to ask ahead of time around fertility treatments so you don’t derail your financial situation Where to start when you find out you and your spouse do have fertility issues Questions to ask your insurance company to better identify what you will/will not have to pay for out of pocket What to do and how to approach the initial consultation What you should bring with you to every meeting More questions to ask your insurance provider. The importance of knowing your limit (emotionally, financially, and length of time) if you are having fertility issues Why it’s important to approach the situation with a more conservative financial limit LINKS MENTIONED ON THE SHOW: 10 Things to Know About Infertility and Your Finance Bunless Oven: Bring Hope to Your Trying-to-Conceive Tears by Sandi Sheehan, MA Beat Infertility Podcast Interview with Mary Beth Schedule a free 30-minute consultation with me Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth

Today’s guest is the founder of Workable Wealth, a virtual financial planning firm that has built more than $200,000 in recurring financial planning fees in just its first four years. As if that weren’t impressive enough, Mary Beth Storjohann built the firm while also raising two small children—now two and a half years and three months old. In this episode, Mary Beth shares details about her personal journey to success, including valuable insight on a subject that hasn’t been touched on much in this podcast: the very real challenge of balancing life at home with young children while also starting and/or running an advisory firm. Listen in to hear how she managed client relationships and her marketing and growth momentum through her maternity leave, as well as her advice for female advisors on handling the balancing act of starting your own firm when you also want to start a family. For show notes and more visit: https://www.kitces.com/61 

HOW DO I ACTUALLY MAKE PROGRESS WITH MY MONEY THIS YEAR INSTEAD OF SETTING GOALS IN NEVER REACH? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above question. WHAT YOU’LL LEARN FROM THIS EPISODE: The precursor step to take when setting any financial goals for yourself How social media can derail your finances (and why your perceptions of other people can as well) What FOMO is and how it impacts you Why figuring out your WHY matters and how to do it What to realistically expect on the journey to finding your “why” Questions to answer about your finances to determine what motivates you and how you are or aren’t aligning your money with what’s important to you What bag lady syndrome is What controlling your money should look like How choices play a leading role in how you utilize your money to create your own happiness Questions to answer in determining your “why” How to set SMART goals LINKS MENTIONED ON THE SHOW: Schedule a free 30-minute consultation with me Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth

Mary Beth Storjohann, founder of Workable Wealth, shares her experience of doing business in a highly regulated industry and the challenges of self-publishing a book. Listen and learn: The one thing you should consider hiring out from the start when doing business in a highly regulated industry Which responsibility will fall to you whether you go traditional or self-publish your book How taking a workflow audit can help make sure your client contracts cover everything Why leaning on a group of competitors for advice isn’t always a bad thing KEY TAKEAWAY: DIY can get you pretty far in business and in publishing. But knowing when to bring in legal help can make the difference between reaching your goal or falling short. Sign up below to get a free 5 Minute Intellectual Property Audit to learn how you can make more money from the copyrights and trademarks in your business (plus be the first to know when new episodes are live). This podcast is information, not legal advice specific to your situation.

Mary Beth Storjohann of Workable Wealth  is an author, financial planner and accountability coach working to help clients in their 20s-40s make smart, educated decisions with their money.  I met Mary Beth at a conference last year and was so impressed how she spoke about money from a place of confidence and power.  We were honored to have her speak at our Paper Camp+ conference and I’m excited for you to listen to this episode. Today we’re talking about money misconceptions and fears, common reasons people seek out a financial planner and why it’s important for you to know your numbers!   ON TODAY’S EPISODE: A misconception that business owners tend to have about money Mary Beth’s core client base Helping her clients with both professional and personal finances due to the intersection of both The importance of reassessing where your business is often Her role with her clients Her philosophy on keeping overhead expenses down The importance of being aware of and managing subscriptions Having a goal when you are reviewing your spending What SMART goals are and how to utilize them Not comparing yourself to other people’s highlight reels Listening to constructive criticism but not allowing it to take you off course What you should be focusing on The importance of accountability when working towards your financial goals Having two numbers in mind when setting your goals Creating structure around pro bono work What’s next for Mary Beth & Workable Wealth KEY TAKE-AWAYS: “A lot of people think that they'll never have financial success, financial clarity, or financial peace, and that's a huge misconception, because although it does take work ... there's no magic pill ... it's just really about taking small steps.” - Mary Beth Storjohann   “You want to reevaluate where your business is at and what your goals are for yourself on a consistent basis.” - Mary Beth Storjohann   “I like the numbers, I am in the numbers, but I still need somebody else to bounce ideas off of and to help hold me accountable for getting things done.” - Mary Beth Storjohann   “Let's not make that investment until you are certain that this new side project is actually up and running and worth it." - Mary Beth Storjohann   “Instead of paying this subscription $50, pay yourself $50 because you deserve to be paid more.”- Mary Beth Storjohann   “We're cutting back so that you can meet your personal goals, not just to be frivolous.”- Mary Beth Storjohann   “There's lots of goals, and so before you dive into reviewing your spending, one of the things that is important is having that goal around what you're looking for.” - Mary Beth Storjohann     “Focus on what your net revenue is. What are you taking home?”- Mary Beth Storjohann     “At the end of the day, what everybody else is doing doesn't matter. It's not going to affect your bottom line; it's not going to affect your retirement savings.”- Mary Beth Storjohann     “It's important to remind people that there's different seasons in life; that number may be changing; the goals may be changing; but it's just important to constantly be considering them and thinking about them.” -  Katie Hunt   “This is a business, and you want it to be successful, and you want it to sustain your goals and your lifestyle and your family, and without you getting paid, you're really just creating stress and taking yourself even further away from those things that matter to you on the personal side.” - Mary Beth Storjohann   CONNECT: Book: Work Your Wealth: Nine Steps to Making Smarter Choices with Your Money Podcast: Work Your Wealth Website: http://workablewealth.com Facebook: https://www.facebook.com/workablewealth/ Instagram: https://www.instagram.com/marybstorj/ Twitter: https://twitter.com/marybstorj   JOIN THE TSBC FAMILY: Do you want to scale your business and add new revenue streams?  Are you ready to get a handle on your cash flow and tuck money away for retirement?   Maybe you are interested in increasing your visibility and fine-tuning your marketing outreach?  Perhaps you have a team that you want to nurture or need help building your team? Our newest on demand program, Paper Camp+ can help you with all of these things and more.  The program includes 5 keynote presentations and 2 panels from a wide range of business experts.  You can watch what you need, when you need it most and revisit the videos as often as you’d like.   This course was built for anyone running a product based business, and extends way beyond the paper industry.  Enroll at www.tradeshowcamp.com/pcplus   ABOUT PROOF TO PRODUCT: Proof to Product is brought to you by Tradeshow Bootcamp and hosted by Katie Hunt. Since 2011, TSBC has worked with hundreds of product based businesses to help them up level, scale, and build profitable sustainable companies. You can find our show notes and additional resources at ProofToProduct.com. If you like what you heard today, please head over to Apple Podcast to leave a five star review and subscribe. Thanks so much for listening. We'll be back next week with a new episode!

In an industry mainly focused on older wealth and retirement planning, Mary Beth Storjohann went a different route. Not only did she see the significant need to get younger people and families planning earlier, she realized early on that she had a passion for this market and decided to go for it. As a Certified Financial Planner and founder of Workable Wealth, Mary Beth used her skills and experience to build a business that helps a really underserved market. She discusses the challenges of building her practice and business as a young woman and mom in the industry, and how being different has actually benefitted her practice. Mary Beth also shares how seeking help from advisors, coaches, and study groups has made her and her practice stronger. Find show notes and more information at: staywealthysandiego.com/8 DISCLAIMER: This podcast is for informational and entertainment purposes only and should not be relied upon as a basis for investment decisions. This podcast is not engaged in the rendering legal, financial, or other professional services.

HOW DO YOU TEACH YOUR YOUNG KIDS ABOUT MONEY? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above question. WHAT YOU’LL LEARN FROM THIS EPISODE: What money scripts are and how they impact us from childhood through adulthood. Why it's important as parents to make money a topic of interest for our children from an early age. Why it's important to remember that children model and mimic our behaviors. How to model and expose children to healthy financial behaviors. How to leverage a rewards jar for savings. How children who can practice delayed gratification fare better financially. How to set and frame boundaries and expectations. Ways to tie together the financial conversation through various messages. The role "play money" can have empowering your children financially. The use of the Three Jar Method and how to leverage it to teach a balanced approach about money. How to incorporate a conversation around giving back. Why it's important for you to create a habit of discussing finances from your children's early age. LINKS MENTIONED ON THE SHOW: Schedule a free 30-minute consultation with me Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth  

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. On today's episode, I welcomed back my favorite guest to help me answer some of of your money questions. Today Brian Storjohann (yep, my hubby) and I are diving in to tell you about how we handle and address my business (and the finances behind it) in our marriage. We recorded this episode live from the FinCon booth at Podcast Movement, which means I actually let him sit next to me for this conversation! (Progress!!) WHAT YOU’LL LEARN FROM THIS EPISODE: How much of the numbers I share (and you should share) around your business finances with your spouse How your business finances relate to and are intertwined with personal finances and goals Ways to address the unease that can come with sharing business finances How to structure conversations so there is no finger pointing or guilt around business success or hiccups Why planning for your personal finances plays a big role in the success of your business How we set income goals for the business(both individually and as a couple) The dollar limit of business purchases that I share with Brian How to plan in advance of business launches and investments to reduce stress Why it is super important to share with your spouse when there are excess funds in the business How sharing business numbers helps your spouse to better support you How often we review numbers and how formal the conversation is Expectations around how long it took for us to communicate effectively around our finances   LINKS MENTIONED ON THE SHOW: Episode 30: Our Money Story (the Good, the Bad & the Funny) Episode 27: How We Handle Money in Our Household Schedule a free 30-minute consultation with me Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth

In today's episode I'm recapping a recent blog post I wrote giving you the pep talk you may need around your money. If you're in need of a loving (and brief) kick-in-the-pants around your finances, this is for you!  LINKS MENTIONED ON THE SHOW: Schedule a free 30-minute consultation with me Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth

HOW DO I KNOW WHAT RETIREMENT ACCOUNTS ARE AVAILABLE TO ME AND WHICH ONE(S) SHOULD I TAKE ADVANTAGE OF? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above question. WHAT YOU’LL LEARN FROM THIS EPISODE: Investing vs. Retirement Accounts - why they're not the same The difference between a Traditional vs. a Roth IRA When you're qualified (or not) to contribute to a Traditional vs. a Roth IRA Considerations for contributions to Traditional vs. Roth IRAs and 401(k)s How your 401(k) works What the 403(b), Thrift Savings Plan and 457 plan have in common with your 401(k) What to do if your employer offers a match on your 401(k) Retirement plans available to Entrepreneurs: Solo 401(k), SEP IRA, SIMPLE IRA What the age limit is on withdrawals from retirement accounts How taxes work on withdrawals from your retirement accounts If you should take a loan from your 401(k) 401(k) vs. Roth IRA - which one is best for you? LINKS MENTIONED ON THE SHOW: Schedule a free 30-minute consultation with me Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth

Having a financial plan and Mary Beth Storjohann is a passionate Certified Financial Planner who loves to educate her audience and I'm so glad we have her with us today on this episode! Mary Beth Storjohann, CFP® and Founder of Workable Wealth is an author, financial planner and accountability coach working to help clients in their 20s-40s across the country make smart, educated choices with their money. Her recent accolades include the “Top 40 Under 40” by Investment News, “10 Young Advisors to Watch” by Financial Advisor Magazine, and “10 of the Best Personal Finance Experts on Twitter.” She frequently appears on NBC as a financial expert and her expertise has been featured in The Wall Street Journal, CNBC, Forbes and more. IN THIS EPISODE 1:18 Mary Beth's dad worked at a local mall and they would have famous people and events and one weekend they had the batmobile so they took it for a cruise. 2:56 The reason why there is confusion around financial planners is that there are not many regulations on who calls themselves a financial planner. 3:46 You want to work with someone who is a CFP - Certified Financial Planner who will help you look at your cash flow, how to pay down your debt, education planning and how much life insurance you need. They look at your values and goals and create a plan to live a life you love. 5:36 If you are looking into a financial planner, ask someone who is going to invest your money, ask how they get paid. If they are commission based, be careful. 6:22 Mary Beth will create a plan for her clients, teach them how to invest their money and she also invests the money for them. She has been in the industry for 10 years and her biggest thing is educating her clients about their options and she wants them to feel empowered around their money. She wants to make sure that her clients are confident that they are in control of their money. 9:00 Her family declared bankruptcy and money was a controversial topic in their household. She grew up with a lot of anxiety around money. When her parents were buying her a car, she had a panic attack around the fact that her parents were buying her a car but couldn't pay for her college. Her mindset was one of scarcity and in college, she would squirrel away her money. Having her own business and being in the financial business, she still has anxiety around the money. She and her husband hired a financial planner and that has helped her let go of controlling her money. 17:30 If you're in a place to hire help, if you have goals and if you're having issues keeping yourself accountable. If you have kids, do you have life insurance, if you have bills to pay, you should not be saving for college yet. Big life events or questions are a great place for getting a financial planner. If you're someone who is in a ton of debt, there are courses like Dave Ramsey. If you're someone who has a 401K, then you can get help figuring out your money. If you have cash and you want to buy a house but need help figuring out how much you can afford. Mindset is one thing, but you have to do the tangible work to figure out where your money is actually going. 22:30 The biggest thing if you're in a place where you're struggling and you need an accountability partner, that's where you want to get started. The creative online entrepreneur world, there is so much fear and anxiety and seeing what other people do. What you're seeing online is all fake. No one is perfect and everyone has their money issues. 23:48 I have two ways of handling clients. I either make a plan and we work on a few things at a time. I also start with those people who come to me and their stuff is all over the place. Try to do one thing each day and that's a step to celebrate. Create a rough budget for yourself. Go to Mint.com and let it create your budget for you. 25:12 When I work with clients, we spend 4-6 weeks of a plan together. We don't do it all at once and get them set up with a bookkeeper or a CPA. I don't have them do things all at once. They work at 2-3 things a month. We measure big progress ever six months. 27:17 You have to train your mind to say no to something. You take baby steps. 28:18 Saving your money and using the course you've already invested in is an important step to getting ahead in your business. There are mindset changes and you should celebrate them. 28:51 When I started college, I started out studying International Business and wanting to move abroad to Italy. When I was selling cell phones, I decided I needed an office job. By that time I'd switched my major to accounting and I'd gotten a receptionist at a CPA firm. I saw financial planners working, people coming in with anxiety and leaving with less anxiety. Something clicked inside of me and I switched my major and I was one of the youngest CFPs in the country. 31:22 Even as a young woman in a predominantly white male job, this is a case of no one will look out for you like you will look out for you either in your finances or your money. I've built my career by looking out for myself. I've almost left a few places because of the sexism and ageism that I faced. 33:10 Where I am right now is that it's all about relationships. Instead of looking for clients who have millions of dollars, what if I find regular people who can get to a million dollars. I have genuine relationships with my clients and my clients become friends. It's so cool I can celebrate with my clients and I love those relationships. 37:44 When you're wanting to work with someone, decide if you want to work virtually or locally. You want to go with someone who is a fee-only financial planner. You want someone who doesn't make a commission because they're getting a cut of what they're selling you. When you meet with me, there's a 30-minute conversation and I ask what their goals or questions are. You can expect 15-20 minutes talking about and your current situation and finances, goals and what the future looks like. You should expect someone to tell you how you work with clients and then have time to ask questions. What type of clients do you work with, what type of experience do you have, how much access do we have, how often can we expect to hear from you, do you have a team we will also hear from you, and ask if they'll act in your best interest. When you meet with me, there's a 30-minute conversation and I ask what their goals or questions are. You can expect 15-20 minutes talking about and your current situation and finances, goals and what the future looks like. You should expect someone to tell you how you work with clients and then have time to ask questions. What type of clients do you work with, what type of experience do you have, how much access do we have, how often can we expect to hear from you, do you have a team we will also hear from you, and ask if they'll act in your best interest and how they're compensated. Ask what how they plan and how they'll hold you accountable. 46:41 Income factor isn't a factor, I look at the income level to see if they can afford me. If I'm not sure if they can, I have a template email that shows where my fees and if they can't afford me then I refer them to others who charge less. No matter who books a consultation with me, I always get back to them. I only work with those who want to do a continuing relationship with me. 51:15 It starting by figuring out what's important to you and what your goals are. [bctt tweet="Financial planning and wealth is starting by figuring out what's important to you and what your goals are." username="tonyarineer"] KEY TAKEAWAYS You want to work with a Certified Financial Planner who will help you look at your cash flow, how to pay down your debt, education planning and how much life insurance you need. No one is perfect and everyone has their money issues. Mary Beth will create a plan for her clients, teach them how to invest their money and she also invests the money for them. There are mindset changes and you should celebrate this. I've built my career by looking out for myself. Where I am right now is that it's all about relationships. How to find a CFP for yourself. EPISODE RESOURCES National Association of Fee Only Financial Planners Financial Planning Association 7 Steps to Financial Freedom by Tony Robbins Free Money Mindset Training- just in case you're ready to take your profit power to the next level! Hang out with us inside our free Facebook Community- where every day is a party! CONTINUE THE PARTY WITH MARY BETH Workable Wealth website Twitter Instagram Facebook

One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. On today's episode, I have a super fun guest to help me answer some of of your money questions. Today Brian Storjohann (yep, my hubby) and I are diving in to tell you about the emotions, stories and good and bad money moves behind our finances. WHAT YOU’LL LEARN FROM THIS EPISODE: The number one thing you need for a healthy money relationship with your partner How your personal and marital money relationship can evolve The biggest thing the two of us have had to work on when it come to our finances His and hers versions of our smartest money moves Where we wasted a ton of money What lifestyle inflation is and why you want to avoid it The biggest point of contention around our finances Why financial planners need their own financial planners The role psychology plays in handling money How we make budgeting work in our household What not to do when facing down big life transitions (and what to do) Why nobody is perfect when it comes to their finances LINKS MENTIONED ON THE SHOW: Schedule a free 30-minute consultation with me Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth

HOW DO YOU HANDLY MONEY IN YOUR HOUSEHOLD? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above question. WHAT YOU’LL LEARN FROM THIS EPISODE: How often to check on your net worth. What's reasonable, and what we do in our house. Where to invest your emergency fund The categories we have bank accounts for and how we use them Options available for retirement savings when you're employed or when you're an entrepreneur How a Solo 401(k) vs. a SEP IRA can help you as an entrepreneur How we track spending in our house and what works How we manage credit cards An appropriate level of communication to have with your spouse around money. LINKS MENTIONED ON THE SHOW: Schedule a free 30-minute consultation with me Synchrony Ally Mint Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth

WHAT KIND OF AWKWARD/UNCOMFORTABLE MONEY CONVERSATIONS AND COMMENTS SHOULD I BE ON THE LOOKOUT FOR WITH FRIEND AND FAIMLY AND HOW SHOULD I HANDLE THEM? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above question. WHAT YOU’LL LEARN FROM THIS EPISODE: Who you should and shouldn’t share your financial details with. People / comments to watch out for How to address the awkward ask for a loan or to be spotted What to remember when your friends / family are cheering you on The issues other people may have when they’re one-upping you What is really happening when you’re faced with prying questions and how to address them Appropriate conversations to have with parents and family Why it’s better to look out for yourself now than to let bad behavior continue Who is guaranteed to keep your information private LINKS MENTIONED ON THE SHOW: Schedule a free 30-minute consultation with me Afford Anything Podcast: Six Types of Financial Frenemies Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money 9 Steps to Workable Wealth

[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_size="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" border_position="all" spacing="yes" background_image="" background_repeat="no-repeat" padding="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="small-visibility,medium-visibility,large-visibility" center_content="no" last="no" min_height="" hover_type="none" link=""][fusion_text] Today I talk to my financial planner, MaryBeth Storjohann, CFP. Marybeth Storjohann, CFP, is the owner of Workable Wealth, a financial planning company working with professional and entrepreneurial women as well as young couples and families. She's the author of the book Work Your Wealth, and the host of her podcast by the same name, Work Your Wealth. She's appeared numerous media sources, including the Wall Street Journal, Forbes, NBC, Women's Health, Self, US News Report and is a trailblazer in her field. In this episode we talk about: -How much you should save in your business savings account--> and what things should be included in your savings account. -The biggest financial mistake practice owners make in business--> You probably are making this mistake! -Why you need disability insurance -Why your salary should be included in your expense savings account--> Wowza! This was news to me too! -Why you need a financial planner--> Of course, I can't agree more, which is why I have MaryBeth at my side! Loved hearing what MaryBeth had to say? See her guest blog from last year here! Find Marybeth at www.workablewealth.com. 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picture="http://thegrouppracticeexchange.com/wp-content/uploads/2016/07/Maureen-1-copy-1.jpg" pic_link="" linktarget="_self" pic_style="none" hover_type="none" background_color="" content_alignment="" pic_style_color="" pic_bordersize="" pic_bordercolor="" pic_borderradius="" icon_position="" social_icon_boxed="" social_icon_boxed_radius="" social_icon_color_type="" social_icon_colors="" social_icon_boxed_colors="" social_icon_tooltip="" blogger="" deviantart="" digg="" dribbble="" dropbox="" facebook="" flickr="" forrst="" googleplus="" instagram="" linkedin="" myspace="" paypal="" pinterest="" reddit="" rss="" skype="" soundcloud="" spotify="" tumblr="" twitter="" vimeo="" vk="" xing="" yahoo="" yelp="" youtube="" email="" show_custom="no" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" /][/fusion_builder_column][fusion_builder_column type="2_3" layout="2_3" spacing="" center_content="no" hover_type="none" link="" min_height="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="left top" background_repeat="no-repeat" border_size="0" border_color="" border_style="solid" border_position="all" padding="" dimension_margin="" animation_type="" animation_direction="left" animation_speed="0.3" animation_offset="" last="no"][fusion_person name="Maureen Werrbach, LCPC" title="Therapist, Group Practice Owner, Group Practice Coach" picture="" pic_link="" linktarget="_self" pic_style="none" hover_type="none" background_color="" content_alignment="left" pic_style_color="" pic_bordersize="" pic_bordercolor="" pic_borderradius="" icon_position="" social_icon_boxed="" social_icon_boxed_radius="" social_icon_color_type="" social_icon_colors="" social_icon_boxed_colors="" social_icon_tooltip="" blogger="" deviantart="" digg="" dribbble="" dropbox="" href="http://traffic.libsyn.com/thegrouppracticeexchange/Ep_17_How_Big_is_Too_Big.mp3" target="_blank" flickr="" forrst="" googleplus="" instagram="" linkedin="" myspace="" paypal="" reddit="" skype="" soundcloud="" spotify="" tumblr="" twitter="" vimeo="" vk="" xing="" yahoo="" yelp="" youtube="" show_custom="no" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id=""]Maureen is the group practice owner of Urban Wellness, a two location practice in Chicago with 20 clinicians and administrative support. Her journey to help others start and grow their own group practices grew out of her love of helping people and realizing a need for group practice owners to get support. If you are interested in a FREE 20 minute consult to see if we are a good fit for one another, you can schedule it at https://tgpe.acuityscheduling.com/. [/fusion_person][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

HOW CAN INSURANCE HELP ME? This week I sat down with the President & CEO of Low Load Insurance Services, Mark Maurer. Mark joined Low Load Insurance Services (LLIS) in 2003, assumed the role of president in 2008, and CEO in January, 2013. He earned his CFP® designation in 2006, his bachelor’s degree in business and finance from Emory University’s Goizueta Business School in Atlanta, Georgia, and his MBA from University of Florida’s Warrington College of Business. Mark is a member of the National Association of Insurance and Financial Advisors, and a popular speaker for financial organizations including The Alliance of Cambridge Advisors, NAPFA, Garrett Planning Network, LIMRA, LOMA, and Society of Actuaries. He is also a contributing insurance resource to industry publications including Business Week, Bloomberg.com, Forbes, NAPFA Advisor, AMA Physicians’ Guide to Financial Planning, NY Daily News, Jean Chatzky’s Talking Money, and Jane Bryant Quinn’s book, Making the Most of Your Money Now. Here’s WHAT YOU’LL LEARN FROM THIS EPISODE: The biggest misconception people have around insurance The types of insurance you need for your situation Why disability insurance is an important consideration for your family The difference between term and whole life insurance and which is best for you How to streamline the insurance application process for yourself How policies will pay out and how much coverage you need How disability insurance payments are taxed LINKS WE MENTIONED ON THE SHOW: Low Load Insurance Services Mark’s e-mail Schedule a free 30-minute consultation with me Blog posts from the Workable Wealth blog that address insurance: #YOLO: So Don’t Ignore Your Need for Life Insurance Are You Protecting Your Most Valuable Asset?

This week I sat down with consumer protection lawyer and student loan expert, Jay Fleischman. Jay has been a consumer protection lawyer for over 20 years. He helps people find solutions to their student loans problems so they can plan for the future and achieve their financial goals. He's a nationally-known speaker on the subject of student loan resolution, and operates the Student Loan Law Workshop, where he helps to train other lawyers in this challenging field. He also hosts The Student Loan Show, a podcast about classic cartoons and choosing the right ballpoint pen (kidding - it's about student loans). HERE'S WHAT YOU’LL LEARN FROM THIS EPISODE: The number one concern people have with on student loans The difference between public and private student loans and the options for repayment for each. How to find out what type of student loans you have. Strategies for dealing with loans that will give you flexibility with your repayment plans. What not to do when it comes to paying your student loans. How your student loans can impact your credit score. What public student loan forgiveness is and what professions it applies to. How to prepare in advance for any taxes due on loan forgiven balances. LINKS WE MENTIONED ON THE SHOW: Jay’s Website Jay’s e-mail Blog posts from the Workable Wealth blog that address student loans: The Best Options for Student Loan Repayment How to Start Paying Down Your Student Loans Can You Have Student Loans and Purchase a Home

It's funny, for years I have talked about money here on the blog. To me, it's an important topic, especially for women. When I was starting to go through my divorce I didn't realize how little I really knew about money nor did I respect it. No longer would I choose to live in the dark. So I got educated, hunkered down and moved myself out of debt, while simultaneously going through a very expensive divorce. Click here to read more or go to our blog here

What are some of the top money mistakes you see entrepreneurs make with their money that I should avoid? I find myself constantly anxious about my finances and feeling guilty when I spend, feeling guilt if I save...How do I stop feeling guilty about my money? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions. WHAT YOU’LL LEARN FROM THIS EPISODE: What accounts you should have set up. The numbers to look at beyond the income you're bringing in. The right team members you should have in place. How (and what type) of cushion to put in place for your business. What your future entrepreneur self wants you to do. How to zero in on the areas that are important for you to make financial progress. What a money fear brain dump can help you to prioritize. Why it's the little goals and small steps that matter. How to leverage your calendar and set clear-cut action steps for getting things done. LINKS MENTIONED ON THE SHOW: Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Work Your Wealth Facebook Community 9 Steps to Workable Wealth

I've had the same credit card for as long as I can remember. I'm hearing a lot about rewards programs and the need to maximize my options. What should I know when I'm shopping for a credit card? I'm in my late 30s and I feel like I'm doing okay with savings, but I'm not sure that I'm doing enough. How much should I have saved by now? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions: WHAT YOU’LL LEARN FROM THIS EPISODE: How we maximize credit card rewards in our household. Why your APR is and how it varies for different uses. What to keep in mind when looking for the best rewards programs. How your credit score can impact your APR and the credit limit available to you. Why your personal situation will determine what you need to stash away. Questions to ask yourself about goals and life to determine the amount you need to stash away. How to tell if you're doing enough on your own. Rules of thumb to use in determining the amount you need to save. LINKS MENTIONED ON THE SHOW: Nerd Wallet Credit Card Comparison Get Your Social Security Benefit Statement Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Work Your Wealth Facebook Community 9 Steps to Workable Wealth

AM I SITTING ON TOO MUCH CASH? HOW DO I REALLY KNOW HOW MUCH MORTGAGE I CAN AFFORD? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions. WHAT YOU’LL LEARN FROM THIS EPISODE: What amount is just enough cash to have on hand. Where to keep your cash savings accounts. How to determine what to do with additional cash beyond your emergency fund. Planning for short versus long-term goals. The lifestyle factors to consider before locking in a mortgage payment for the next 15 - 30 years. Decisions to make before shopping for a house. The #1 thing you need to get organized prior to planning a home purchase. LINKS MENTIONED ON THE SHOW: Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Work Your Wealth Facebook Community 9 Steps to Workable Wealth

I'M IN THE MARKET FOR A NEW JOB. WHAT DO I CONSIDER BEFORE SAYING "YES" TO AN OFFER? DO I REALLY NEED LIFE INSURANCE? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions. WHAT YOU’LL LEARN FROM THIS EPISODE: What to look for in a job offer beyond the salary. Where to find extra money offered by a potential employer. Why getting the company benefits booklet up front can save you from a costly mistake. Who does and doesn't need life insurance. The best type of life insurance policy for your situation. Why it's not safe to assume family / friends will support or take care of your loved ones. LINKS MENTIONED ON THE SHOW: Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Work Your Wealth Facebook Community 9 Steps to Workable Wealth

HOW DO I GET STARTED WITH INVESTING? RETIREMENT SAVINGS OR COLLEGE SAVINGS: WHICH COMES FIRST? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions. WHAT YOU’LL LEARN FROM THIS EPISODE: The first thing you need to determine before you even dive into investing. Why a diverse portfolio matters. What an index does for you. What a mutual fund or exchange-traded fund can do for you. Where to start in the retirement vs. college planning debate. What happens when you plan for college without planning for retirement. Why "do what you can" is better than "do nothing". LINKS MENTIONED ON THE SHOW: Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Work Your Wealth Facebook Community 9 Steps to Workable Wealth

HOW MANY BANK ACCOUNTS DO I NEED? SHOULD I PURCHASE A HOME IF I HAVE STUDENT LOANS? One of the fun parts of being a financial planner is getting to field and answer questions from clients and readers all around the country. In these Work Your Wealth episodes I'll be taking time to address and answer questions I've come across from readers and clients throughout my career. Today I'm answering the above questions. WHAT YOU’LL LEARN FROM THIS EPISODE: The number of bank accounts you need. What to consider when opening multiple bank accounts. Tough decisions you may need to make when working towards goals. How to keep one-time expenses from derailing your cash flow. Cash flow considerations for locking in a mortgage. What your debt-to-income ratio is and what percentage it should be at or below. Items to keep in mind when saving for a down payment. LINKS MENTIONED ON THE SHOW: Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Work Your Wealth Facebook Community 9 Steps to Workable Wealth

You may not want to get touch- feely with your finances, but when it comes to beliefs and the stories we tell ourselves about money, they can have a huge impact on your finances, your ability to save, to grow your income, and to meet your goals. In this episode we're going to dive in to seven common money beliefs, how they may be holding you back and what you can do to reframe them in order to make progress with your money. WHAT YOU’LL LEARN FROM THIS EPISODE: What money scripts are and how they shape the way you view money. How to reframe and reshape your money beliefs and anxieties so they no longer hold you back. What “enough” money could look like for you. How to view being good with money through a different lens. How to identify when you're telling yourself a story about money. How to address guilt about earning more. Questions to ask in getting comfortable talking about money. LINKS MENTIONED ON THE SHOW: Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Work Your Wealth Facebook Community 9 Steps to Workable Wealth

Welcome to the first episode of the Work Your Wealth Podcast, a weekly podcast for those wanting to make smarter choices with their money. Featuring expert interviews with leading authors, business owners and professionals, the Work Your Wealth Podcast will give you the education, confidence and clarity around your finances that you deserve. If you’re ready to use your money to live a life you love, this show is for you. I’m your host, Mary Beth Storjohann. I’m a CERTIFIED FINANCIAL PLANNER™, the Founder of Workable Wealth, where I serve as a financial planner and accountability partner in working to help clients in their 20s-40s across the country make smart, educated choices with their money. I’m also an author and the inspiration for this show came from my book, Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money, which launched in March 2016. I’ve been named as a “Top 40 Under 40” financial planner by Investment News, one of “10 young Advisors to Watch” by Financial Advisor Magazine, and one of “10 of the Best Personal Finance Experts on Twitter.” I frequently appear on NBC as a financial expert and my expertise has been featured in Glamour, Women’s Health, Brides, The Wall Street Journal, CNBC, Forbes, and more. You can connect with me via Instagram, on Facebook, or via Twitter. In this inaugural episode of the Work Your Wealth Podcast, I talk about why I created this show, share a bit about my background, and explain who this podcast is for and what you can expect each time you join me here. WHAT YOU’LL LEARN FROM THIS EPISODE: Introduction to me, Mary Beth Storjohann and the Work Your Wealth Podcast. How I ended up in a career as a Financial Planner and started Workable Wealth. Who the Work Your Wealth Podcast is for. What you won’t find on this podcast. What you can expect from this show. LINKS AND RESOURCES FEATURED ON THE SHOW: Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money Workable Wealth Have a money question you want me to answer? Submit one here.

#51: Today's guest is Mary Beth Storjohann, CFP®, Founder of Workable Wealth, and author of the book Work Your Wealth. As I was reading through her book, one thing stuck out to me: the financial frenemies we all have, and how to deal with them in a constructive way.
 What's a financial frenemy? They're the people in your life that are sabotaging your efforts to improve your net worth. Sometimes they're friends, sometimes they're family, and other times, they might just be people that have no business asking about your financial situation in the first place. 
 Whoever they are, we've all known one at some point or another.
 In fact, I bet one of these sounds familiar:
 1. The Entitled Frenemy: "Can you spot me? I'll get you next time!" 2. The Budget-Buster: "You deserve it, you should buy it!" 3. The One-Upper: "You got a $1,000 bonus? Nice. I got a $10,000 bonus." 4. The Priers: "How much do you make?" "How much did you spend on that?" 5. The Green-Eyed Monster: "Must be nice that you can afford such a big house." 6. The FOMO Frenemy: "You can spend your money just this once!" Navigating conversations with these financial frenemies can be tough, but Mary Beth has some awesome advice on how to do it and not feel bad about your words.
 Even though it might sound scary, honesty is the best policy.
 While saying, "I don't feel comfortable answering that" means enduring a few moments of awkwardness, the alternative is answering truthfully and proceeding to wonder if your "friends" are judging you...every single time you interact with them.
 Finally, we need to realize that what they're saying isn't a reflection on us - it's a reflection on them. If they're jealous, feel the need to one-up you, or discourage you from your financial goals, that's on them, not you.
 Mary Beth offers other great tips on how to deal with financial frenemies in this episode, and we even role-played a scenario to give you a script to follow.
 Resources Mentioned: • Workable Wealth
 • “Work Your Wealth" on Amazon • Mary Beth's Twitter & Instagram
 Enjoy! -- Paula

Our families can demand a lot from us. Naturally, they expect love, attention, and support. But sometimes, they also ask for things that are far more tangible, like money. Loaning a relative money with the expectation to be repaid can be an awkward situation, especially if you're not sure how to approach it — Do I make them sign a contract? Should we establish a repayment schedule? What if they never repay me? To answer these questions (and more), Business Insider consulted two financial planners. Both cautioned against loaning money to family, but if you’re considering it, here are six rules they recommend following. Put everything in writing. "Put the parameters in place — time frame, interest rate, and when payments need to start," says Mary Beth Storjohann, a certified financial planner and CEO and founder of  Workable Wealth (http://workablewealth.com/) . "I think getting it in writing makes it more tangible, but still with family, you have to be willing to enforce that." She added that it's important to have a conversation about what will happen if payments are missed. Alan Moore, a certified financial planner and cofounder of the  XY Planning Network (http://www.xyplanningnetwork.com/) , even suggests putting together a legal contract involving an attorney. "Treat this as you would any other loan," he said. Don't leave anything out and don't make any assumptions, Moore said. Storjohann suggests consulting the  charge you taxes for the interest (https://www.nationalfamilymortgage.com/afr-rates/)  you could have collected, even if you didn't — and hold your borrower accountable. Consider what will happen if they don't pay you back. Storjohann asks: If you see your family member taking vacations or making frivolous purchases, but failing to make loan payments, how will you feel and how will you handle it?  Ideally, you should have an open and honest conversation early on about what will happen in the event that the terms you agreed upon aren't met, according to Moore. "All parties need to be aware of the consequences should that happen, so it isn't a surprise," Moore says. Know that your relationship will change. Money is often a divisive and awkward topic, especially in personal relationships. "Loaning money to family members is more than just a financial decision — it's also an emotional one," Moore says. "Loaning money to someone across the Thanksgiving table from you can cause major issues, sometimes without you realizing it." "It turns your relationships from sibling to lender, and when there is an issue (or even if there is not), it can make you seem like you're holding the money over them even when you don't intend to," he said, advising that it's imperative not to mention the payments outside of predetermined times. "Even off-hand comments across the room like, 'Sure hoping to get that first payment soon!' can ruin a relationship." Learn how to say no respectfully. Just because someone you love is asking for money doesn't mean you have to comply. Whether you genuinely don't have the cash to loan, or you're just avoiding a potentially sticky situation, Storjohann offers advice for rejecting a family member's request: "I think the biggest thing is to say, 'I understand the place you're coming from, but I have personal family financial goals that we're working toward right now, and I want to make sure I'm on track for those, and unfortunately there isn't any extra wiggle room to make these things happen.'" Make it a gift instead. Both Storjohann and Moore ultimately advise gifting money rather than loaning it, if you can afford it. You can even call it a "pay it forward" gift, Moore says. "Tell them you are giving them the money knowing they need it, but that you don't want to sour your relationship over it," he said. "Tell them the terms of the loan are [that] they gift the same amount to someone else in need." by: Tanza...

Mary Beth Storjohann is a CFP® who founded Workable Wealth. She's shaking up the traditional views of financial planning by leveraging technology to help people make smart, educated choices with their money. She recently was named among the "Top 40 Under 40" by Investment News and "10 Young Advisors to Watch" by Financial Advisor Magazine. She's a sought after speaker, author and financial coach. She may sound familiar to you because she frequently appears on NBC as a financial expert and has been quoted in the Wall Street Journal, Forbes among other major news outlets. In this interview, we’re going to learn how Mary Beth is specifically helping millennials with their financial challenges, especially those who are strapped with a lot of student loan debt. We talk about her own personal relationship with money and the financial challenges she face as a kid. Mary Beth, on top of being an entrepreneur, mom and a wife, she is a military spouse. We talk about that because I think that does add another layer of financial complexity to her life. Plus, how is her family managing their own money? For more information visit www.somoneypodcast.com. 

Mary Beth Storjohann, CFP® is the Founder of Workable Wealth and is an author, speaker, and financial coach. With over 12 years of experience in the financial services industry she applies a fun, albeit no-nonsense approach in working with individuals and couples in their 20s – 40s across the country, helping them make smart, educated choices with their money.  Mary Beth makes frequent appearances on NBC as a financial expert and has been featured in major media outlets such as U.S. News & World Report, The Wall Street Journal, Glamour, Women's Health, Yahoo!Finance and Forbes. Her first book, Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money cuts through the fancy lingo, breaks down complicated topics and provides clear-cut guidance on the money moves you can make to improve your financial situation right now. To connect with Mary Beth, head over to www.workablewealth.com or find her on twitter @marybstorj. You can find Work Your Wealth here on Amazon.  Work Your Wealth FB Group.    If you're interested in Connected - doors close TONIGHT {March 31st at midnight EDT}. 

Mary Beth is an author, speaker, and financial coach, and is the founder of Workable Wealth, where she helps people make smart, educated choices with their money. Mary Beth makes frequent appearances on NBC as a financial expert and is a contributor to major media outlets such as U.S. News & World Report, The Wall Street Journal, and Forbes. In her book, Work Your Wealth, she provides clear guidance on how to immediately improve your financial situation.

In this week's episode, we had the pleasure to welcome a Wealth & Finance Guru that majored in Money; Mary-Beth Storjohan. She founded Workable Wealth on a mission to empower the millennial generation to get on the right financial track by helping them make smart, educated decisions with their money.  We learned that her approach is distinctively fun and educational and helps entrepreneurial women (among others) get organized and gain confidence in their financial lives.  As a financial expert, Mary Beth has appeared on NBC multiple times and has been quoted in the Wall Street Journal, Forbes, Investment News, Yahoo! Finance, MSN Money, and various other media outlets. Mary Beth is an active member of the Financial Planning Association and NexGen Financial Planner community. She has a passion for helping those in need and has previously been named as one of  San Diego’s 25 in their 20’s and as one of the city’s  2014 Young Influentials. In addition, she was named as one of the industry’s 40 Under 40 for 2015 by Investment News. What you can learn from Mary-Beth's 9 steps to a workable wealth: Why Your Goals AREN'T Working for You The Best Online Tools to Track and Manage Your Spending and Savings How to Analyze Your Financial Health Why You Need to Plan for the Unexpected Now How and Why to Invest in Yourself Learn more at www.workablewealth.com

Mary Beth Storjohann will be one of the speakers at PV3 in March 2016. Learn more about PV3 at permaculturevoices.com/pv3. My guest today, Mary Beth Storjohann, is a certified financial planner and is the Founder of Workable Wealth, specializing in financial planning for Gen Y. She works as a writer, speaker and financial coach with individuals and couples in their 20s and 30s across the country to help them to make smart, educated decisions with their money. I brought her on today to talk about financial planning, when it comes entrepreneurship. Something she knows a lot about as both financial planner, and an entrepreneur herself. Like many of you, she is young, married, and has a daughter, and she start her business on the side. In other words, she gets it. Learn more at permaculturevoices.com/marybeth

Maybe you have your tax planning, retirement, disability coverage, and cash flow all figured out. But if you don't, this is for you. This is to encourage you to start learning, even in baby steps. I (Kelly) used to find this stuff intimidating. So I've reached out for support, and every year, it gets better. I don't feel so fearful, and I know what's currently going on in my business while I'm reaching new personal and professional financial goals. This podcast is all about the common missteps therapists make in private practice and what they can do to ensure a stable financial future. Thanks to Mary Beth Storjohann, CFP, Founder of Workable Wealth, for this interview. Mary Beth also provides support in our Bootcamp, and we appreciate her so much! P.S. Pardon our appearance -- it was super hot!

Maybe you have your tax planning, retirement, disability coverage and cash flow all figured out. But if you don't, this is for you. This is to encourage you to start learning, even in baby steps. I (Kelly) used to find this stuff intimidating. So I've reached out for support and every year, it gets better. I don't feel so fearful and I know what is currently going on in my business while I am reaching new personal and professional financial goals. This podcast is all about the common misteps therapists make in private practice and what they can do to ensure a stable financial future. Thanks to Mary Beth Storjohann, CFP, Founder of Workable Wealth for this interview. Mary Beth also provides support in our bootcamp as well and we appreciate her so much!Ps. Pardon our appearance - it was super hot!

Mary Beth is shaking up traditional views of financial planning by leveraging technology to work with GenY-ers across the country. Her goal? To help them make smart choices with their money. She is a Certified Financial Planner and the Founder of Workable Wealth. Her expertise has been featured in The Wall Street Journal, CNBC, Forbes and more.

Today’s guest is at the top of the short list of people we knew we had to talk to when starting XYPN Radio. Mary Beth Storjohann is the founder of Workable Wealth, a financial planning firm based out of San Diego, CA. Mary Beth is a total rock star. She has had a really fast-paced career and she is a business owner who actually just had a baby. On this episode, we go through her incredible journey of starting out as a receptionist in a financial planning firm in college and less than ten years later founding her firm, before she turned 30. You can find show notes and more information by clicking here: http://www.xyplanningnetwork.com/10

Click Here for Show Notes:   Mary Beth is shaking up traditional views of financial planning by leveraging technology to work with GenYers across the country to help them make smart choices with their money. She is a Certified Financial Planner™ and Founder of Workable Wealth. She works as a writer, speaker and financial coach to arm her clients with the necessary tools and resources needed to set them up for financial success. Her writing and expertise has been featured in various industry publications on a local and national level including Wall Street Journal, Forbes, CNBC, Yahoo Finance, and more and she is frequently featured as a money expert on NBC. Inside This Episode Motivational Quote   Must Read Book   Productivity Tool/Tip mint.com lessannoyingcrm.com Other Resources zippy courses Ep 131: Think and Grow Rich for Women author Sharon Lechter Connect with Mary Beth workablewealth.com Twitter Facebook LinkedIn Google+ Thank you so much for listening.  If you enjoyed the episode, please consider subscribing in iTunes  and Stitcher and leaving a rating and or review.  This helps us continue to be featured in New & Noteworthy so that more people can find us. Click here to join the Biz Chix community

Visit EOFire.com for complete show notes of every Podcast episode. Mary Beth is shaking up traditional views of financial planning by leveraging technology to work with GenY-ers across the country. Her goal? To help them make smart choices with their money. She is a Certified Financial Planner and the Founder of Workable Wealth. Her expertise has been featured in The Wall Street Journal, CNBC, Forbes and more.