Her Financial Journey

Darlene Pedrosa
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Her Financial Journey is an engaging and dynamic podcast for women facing pivotal financial moments in their lives. This show combines financial guidance with inspiring personal stories, focusing on empowering women to take control of their newly redefined financial journeys. Whether it's transitioning to retirement, navigating life after loss, or newly chartered life after marriage, each episode provides actionable insights and the encouragement needed to make bold financial moves. Join us on this journey of financial discovery and transformation, where every woman can find the courage to redefine her financial narrative.

  1. 5d ago

    Self-Employed Without a Safety Net? Build Your Own

    If you get a 1099 instead of a W-2, nobody hands you a retirement plan, health insurance or paid time off. That doesn't mean those things aren't available to you. It means nobody is going to set them up for you. In this episode, Darlene covers: Think like a business owner. You're not an employee without benefits. You're a business owner, and that gives you options. Taxes come out of every payment. Plan for self-employment tax on top of income tax. Move a set percentage of every payment into a separate tax account, pay quarterly estimates, and track your deductible expenses. Retirement you open yourself. Traditional and Roth IRAs, the Solo 401(k) (you can contribute as both employee and employer), and the SEP IRA. Starting with even $50 a month beats waiting. Opening the account is the hardest part. Protection. Health insurance options, disability insurance (especially if you work with your hands), liability coverage (a client's policy may not cover you), and life insurance if someone depends on your income. Smoothing uneven income. Build your budget around your worst month from the last year, pay yourself a steady paycheck from your business account, and build a three-to-six-month cash cushion.

    Self-Employed Without a Safety Net? Build Your Own

  2. Sep 21

    5 Money Mistakes I See Business Owners Make

    Most business owners would never put their life savings in a single stock. But when that stock is their own company, it feels like the American dream. In this episode, Darlene covers five mistakes she sees again and again: No written exit plan. "Five years from now" can stay five years away for a decade. Buyers pay for what the business will keep earning after you're gone. Could it run for three months without you? How much of your revenue comes from one customer? Are your books clean? Start fixing these three to five years early. It makes the business easier to sell and more profitable to run. The wrong retirement plan, or none. A quick look at Solo 401(k)s, SIMPLE IRAs, 401(k)s with profit sharing, and cash balance plans for higher earners in their 50s. Filing taxes instead of planning them. Filing is a history lesson. Planning happens in the fall, while you can still change the ending: how you pay yourself, timing income and expenses, funding retirement plans, hiring family members who do real work, and planning ahead of a sale. Your CPA, attorney and financial professional should be talking to each other. Not protecting the business if something happens to you. Key person insurance, a buy-sell agreement that's actually funded and up to date, and disability coverage, including coverage for business overhead. No money outside the business. Keep separate accounts, pay yourself a steady paycheck, and build real cash reserves. It's what lets you keep taking swings in your business. Don't try to fix all five at once. Pick the one that makes you most uncomfortable and put one hour on your calendar this month.

    5 Money Mistakes I See Business Owners Make

  3. Sep 7

    What Is a Credit Score, and How Can I Improve Mine?

    Her Financial Journey

    What Is a Credit Score, and How Can I Improve Mine?

  4. Aug 31

    Should I Pay Off Debt or Save Money First?

    Her Financial Journey

    Should I Pay Off Debt or Save Money First?

  5. Aug 24

    How Do I Create a Budget That Actually Works?

    Her Financial Journey

    How Do I Create a Budget That Actually Works?

  6. Aug 20

    Should You Rent or Own in Retirement? The Answer May Surprise You

    Her Financial Journey

    Should You Rent or Own in Retirement? The Answer May Surprise You

  7. Jul 27

    Required Minimum Distributions: The Retirement Rule That Can Cost You Thousands If You Ignore It

    Her Financial Journey

    Required Minimum Distributions: The Retirement Rule That Can Cost You Thousands If You Ignore It

  8. Jul 20

    How Much Do I Really Need to Retire?

    Her Financial Journey

    How Much Do I Really Need to Retire?
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About

Her Financial Journey is an engaging and dynamic podcast for women facing pivotal financial moments in their lives. This show combines financial guidance with inspiring personal stories, focusing on empowering women to take control of their newly redefined financial journeys. Whether it's transitioning to retirement, navigating life after loss, or newly chartered life after marriage, each episode provides actionable insights and the encouragement needed to make bold financial moves. Join us on this journey of financial discovery and transformation, where every woman can find the courage to redefine her financial narrative.

Information

  • Creator
    Darlene Pedrosa
  • Years Active
    2024 - 2026
  • Episodes
    33
  • Rating
    Clean
  • Copyright
    © 2024
  • Show Website
    Her Financial Journey