financial health

Terri talks with Erin Levine of Hello Divorce about a healthier approach to divorce.

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Show Highlights

·      Erin provided her background and the trends she is seeing in divorce and how divorce has changed over the last 15 years

·      Erin said that women want to feel alive and make deliberate choices; we want to live more intentionally

·      Erin shared the following:

o   It takes 5-7 years of relationship trouble or contemplating divorce before a woman files for divorce

o   75% of divorces are filed by women

o   Women want to feel alive, we want to make deliberate choices, and we want to live more intentionally

o   Women want to model positive relationships for their children

o   The divorce industry is $50B/year

·      Divorce is the dissolving of the most complicated financial contract we will be involved in

·      Divorce does not mean failure; a lot of relationships don’t work out; people shouldn’t feel terrible and ashamed if they get divorced

·      Erin talked about how the fear of the unknown is terrifying in divorce; the fear can turn into anger and a messy divorce which can be avoided through education, self-care, and goal-setting for after the divorce

·      Terri asked Erin for ways in which we can better support our friends and family going through divorce

·      Erin talked about how millennials love their pets and there are pre-nups, post-nups that address this in relationships

Terri’s Key Takeaway

There are healthier ways to end marriages than in years past with a shift from attorney-centered to individually centered and leveraging the services of divorce coaches, co-parenting coaches, financial planners, and other non-legal resources. 

References in the Podcast

·      Piloting Your Life:  https://www.pilotingyourlife.com/

·      Hello Divorce:  https://hellodivorce.com/

·      Divorceify:  https://divorceify.com/home

·      Breaking Free:  A Modern Divorce podcast:  https://www.breakingfreepod.com/

·      F It, Get a Divorce:  The Guide for Optimists by Steven Kane: https://www.amazon.com/F-Get-Divorce-Steve-Kane/dp/1794600795/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1572114806&sr=8-3

·      October Crew Chat topic on Money:  https://medium.com/@terrihansonmead/piloting-your-life-crew-chat-money-beeba0ffa570

·      Sluts and Scholars:  Spooky Sex with Dr. Amie Harwick:  https://podcasts.apple.com/us/podcast/123-spooky-sex-with-dr-amie-harwick/id1223781930?i=1000454766632

·      Finding My Yum:  https://www.facebook.com/findingmyyumpodcast/

Contact

You can purchase Piloting Your Life (the book) on Amazon at http://bit.ly/PYL-Amazon, or you can go to https://www.pilotingyourlife.com/ to choose your preferred format and retailer and see other goodies.

Erin can be reached by email at hello@hellodivorce.com, through LinkedIn at https://www.linkedin.com/in/erinlevine/ and on Twitter @hellodivorce.

You can follow Terri on Twitter at @terrihansonmead or go to her website at www.terrihansonmead.com. Terri blogs a variety of topics on Medium at https://medium.com/terri-hanson-mead.  

Terri would love to hear from you via email at PilotingYourLife@gmail.com.

Episode 109 -Terri talks with Stephanie Sammons, CFP about the four steps to improve your financial health.

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Show Highlights

·      Stephanie shares what she is seeing with the midlife women she works with as a Certified Financial Planner and how they are asking, “Where am I going next?”

·      Stephanie includes your mental health, physical health, spiritual health, financial health when defining your financial life

·      Stephanie believes the first step to taking charge of your financial situation is to be aware of the need to do so.

·      Stephanie shares the four steps for women to take charge of their finances and wealth in midlife

o   Create a master inventory of your assets, debts, insurance policies, employee benefits, wills, etc.

o   Define your life vision

o   Shore up your health and wellness

o   Identify and close the gaps

·      Terri shares her quarterly financial summary process and how she has a death binder to capture her family’s inventory

·      Terri asks Stephanie about how to handle the emotional baggage we might have around financial planning or money in general

·      Stephanie offers up some suggestions for how to view your wealth, and some tools to help with it, when you don’t feel wealthy

Terri’s Key Takeaway

Our financial health includes our mental health, physical health, spiritual health, and our finances.

References in the Podcast

·      Piloting Your Life:  https://www.pilotingyourlife.com/

·      LGBTQ Midlife Money Gal podcast: https://lgbtqmidlifemoney.com/category/podcast/

·      Stephanie Sammons CFP blog: https://sammonswealth.com/blog/

·      Funerals360:  https://www.funerals360.com/

·      Death binder alternative:  https://www.everplans.com/

·      True WELLth podcast: https://www.brightonjones.com/podcast/true-wellth

 

 

Contact

You can purchase Piloting Your Life (the book) on Amazon at http://bit.ly/PYL-Amazon, or you can go to https://www.pilotingyourlife.com/ to choose your preferred format and retailer and see other goodies.

Stephanie can be reached through her website https://sammonswealth.com/or https://lgbtqmidlifemoney.com/.

You can follow Terri on Twitter at @terrihansonmead or go to her website at www.terrihansonmead.com. Terri blogs a variety of topics on Medium at https://medium.com/terri-hanson-mead.  

Terri would love to hear from you via email at PilotingYourLife@gmail.com.