112 episodes

CFP and 4x Olympian Lauryn Williams and guests share their money memoirs to offer insights into how money works for them. Worth-Winning.com.

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    • Investing

CFP and 4x Olympian Lauryn Williams and guests share their money memoirs to offer insights into how money works for them. Worth-Winning.com.

    Building Wealth & Financial Behaviors, With Dr. Sarah Fallaw

    Building Wealth & Financial Behaviors, With Dr. Sarah Fallaw

    This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
    In this episode of the series, Lauryn and Chloé talk with guest Dr. Sarah Fallaw about the financial behaviors that are important for wealth building. Sarah is the co-author of The Next Millionaire Next Door and founder of DataPoints LLC, a behavioral assessment advisor fintech company. The company created an assessment of wealth-building potential based on The Millionaire Next Door. 
    If you’re ready to learn how to build wealth and what behaviors you can learn and what habits to adopt in order to make it happen, this is the episode for you!
    In this episode, Lauryn, Chloé, and Sarah discuss::
    The difference between income and net worth Some of the myths about millionaires and what they really do instead The myths or misconceptions people have about building wealth The dangers of watching what others are doing and buying  Six behaviors that predict financial success Why it’s important to understand what your financial planner is doing The importance of believing in your ability to build wealth What to watch out for so you won’t be influenced in your spending decisions Impact of those around us on our financial behaviors and decisions To further connect with Dr. Sarah Fallaw:
    Twitter: @sarahfallaw LinkedIn: @sarahfallaw https://www.datapoints.com/ The Next Millionaire Next Door If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
    Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore:
    Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.” - Thomas Stanley
    RESOURCES MENTIONED:
    Millionaire Next Door https://www.financialstaples.com/this-book-changed-how-i-think-about-money/ Emotion and Intention In Saving Money https://bigthink.com/personal-growth/psychology-saving-money-tracy-thomas?rebelltitem=1#rebelltitem1 How Marketing Influences Our Spending https://www.psychologytoday.com/us/blog/the-science-behind-behavior/201902/how-marketers-influence-how-much-we-spend-big-purchases Wealth Potential Assessment (shorter version of DataPoints assessment I use with clients) https://measure.datapoints.com/survey/e/DLHHyamFf0ZGySdIhLfd  Spending Patterns Assessment  https://measure.datapoints.com/survey/e/pDbfyvDHqwABMRHty21H  Robert Caldini’s book https://www.influenceatwork.com/ Coming up next: In the next episode of the Know Better. Do Better series, we’ll dig more into how your spending habits impact your ability to build wealth.

    • 36 min
    The Ins and Outs of Property & Casualty Insurance, With Latanya Simmons & Meghan Dowd

    The Ins and Outs of Property & Casualty Insurance, With Latanya Simmons & Meghan Dowd

    This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
    In this episode of the series, Lauryn and Chloé talk with guest panelists Personal Risk Advisor Meaghan Dowd, CPRIA and Private Risk Advisor, LaTanya Simmons, CPCU, CPRIA about the ins and outs of Property and Casualty insurance.
    A lot of people tune out when they hear the word “insurance”, thinking it’s either a boring topic or just going to cost them money. But insurance can actually be a pretty cool thing to help you build and protect wealth. It’s important to understand what types of insurance you need to properly cover all the different areas of your life and finances.
    In this episode, the panelists talk about:
    What P&C insurance (property and casualty insurance) is and what it covers Why insurance coverage isn’t one-size-fits-all Best insurance coverage for the gig and rental economy (Airbnb, Uber, Turo, etc) The biggest misconception with auto insurance Can you really use your credit card insurance instead of insurance offered through rental car companies? When is the right time to add your significant other to your insurance policies? How to know if you need insurance and how to be eligible for it What you need to know about personal articles coverage Why it’s helpful to work with a traditional insurance company instead of an online solution and how to know when it’s time to move to high-end providers Insurance considerations for entrepreneurs working from home as well as individuals who hire nannies, landscapers, housekeepers and other service providers If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
    Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore:
    Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Remember; when disaster strikes, the time to prepare has passed.” – Steve Cyros
    RESOURCES MENTIONED:
    Homeowners Coverage in the Age of Catastrophic Weather Patterns

    • 42 min
    Single Mom with Multiple Streams of Income, With Alka Kumar

    Single Mom with Multiple Streams of Income, With Alka Kumar

    We are taking a break this week from the “Know Better. Do Better” series to hear the inspiring money memoir of one woman who is working hard to create the financial life she desires while still having the quality of life that she wants. If you are burnout and exhausted from your job, this might be an inspiring message for you to listen to.
    Today’s guest is Alka Kumar. She grew up in India, where she went to medical school and eventually came to the United States. She spent nearly 30 years working as a physician when she realized that she was overworked and getting close to reaching the point of being burnt out.
    Instead of toughing it out because she was getting closer to being able to retire, she realized she needed to make some changes in her life. She cut back her hours so she could work part-time and began to educate herself on real estate investing. Before she knew it, she bought her first property and was finally on the path to earning passive income. She now owns and manages 16 units and is continuing to grow and expand her portfolio.
    Alka is also excited to help give back by sharing financial and real estate information to help other professionals, especially single women learn to line up multiple income streams instead of just depending on their 9 to 5 job.
    In This Episode We Discuss:
    What it was like growing up in India and what made Alka move to Canada (and then the US) The difference between the cost of college in India vs. the US Some of the great financial principles that Alka lives by How she educated herself on investing and real estate Why she’s working as her own property manager and if she plans to continue that in the future Why she started small when buying her first investment property Some of the horror stories of being a landlord and why she still thinks it’s one of the best things The unexpected expenses that come with being a landlord How Alka has financed her properties The importance of having a “get rich slow” mindset If you want to learn more about Alka Kumar and the work she’s doing you can connect with her at:
    Website: https://www.yourwealthmd.com/
    LinkedIn: @alka-ally-kumar-120b43149
    Facebook: @YourWealthMD
    If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
    Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams

    • 41 min
    ”Know Better. Do Better. Series” Planning for a Financial Windfall, With Lauryn Williams and Chloé Moore

    ”Know Better. Do Better. Series” Planning for a Financial Windfall, With Lauryn Williams and Chloé Moore

    This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
    In this episode of the series, Lauryn and Chloé are talking about how to handle your finances when you receive a windfall. Now you might instantly think of winning the lotto as a windfall, but there are many instances of windfalls that you can receive including tax refunds, stimulus checks, and inheritances. 
    While not every windfall you receive is going to be large and life-changing, it’s still important to have a plan for what you’re going to do with it.  
    In this episode, Lauryn and Chloé talk about:
    What to consider when you receive small windfalls Why a large tax refund is NOT the goal The importance of considering payout options and tax obligations Considerations to make if you receive a large, but not life-changing windfall Important considerations for signing bonuses Why you need to be clear on your financial needs Why it’s helpful to have money goals established even if you’re not planning on receiving a windfall What to think about for retirement planning Importance of watching out for scams including “sketchy businesses” What professionals you may want to work with Additional pro tips and things to watch for if you receive a windfall If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
    Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore:
    Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore  Shared quote: “Wisdom with an inheritance is good, but wisdom without an inheritance is better than an inheritance without wisdom” – Anne Bradstreet
    RESOURCES MENTIONED:
    How to Prioritize Saving, Investing, and Paying Off Debt The smartest things do with your money when you get a raise, according to a financial planner Balancing the “Black Tax” with Your Desire to Build Wealth Coming up next: In the next episode of the Know Better. Do Better series, we’re going to talk about everything you need to know about Property and Casualty Insurance.

    • 38 min
    Are You Ready to Start a Business & Become an Entrepreneur?, With Lauryn Williams and Chloé Moore

    Are You Ready to Start a Business & Become an Entrepreneur?, With Lauryn Williams and Chloé Moore

    This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
    In this episode of the series, Lauryn and Chloé help you answer the question “Am I ready to start a business and become an entrepreneur?” A lot of people are thinking about taking the leap into entrepreneurship after the last year, but how do you know if it’s really a good idea? There are a lot of considerations to make before getting started and it’s not for everyone. 
    In this episode, Lauryn and Chloé talk about:
    The common mistakes that people make when starting a business What you need to have in order with your finances before you start a business The biggest reason that many businesses fail Why you need to be passionate about your business How long it really takes before you’ll be able to pay yourself as an entrepreneur What professionals you should connect with from the start of your business A few things you need to know about taxes Unexpected expenses that many entrepreneurs forget to plan for Potential business scams to watch out for What steps you can take if you want to start a business and are ready to become an entrepreneur If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
    Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore:
    Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore RESOURCES:
    Instagram: @financialstaples Twitter: @finstaples Facebook: @finstaples LinkedIn: @chloemoore Shared quote: “Dreams do not come true just because you dream them. It’s hard work that makes things happen. It’s hard work that creates change.” - Shonda Rhimes
    RESOURCES MENTIONED:
    E-Myth Revisited by Michael E. Gerber  Episode 105 - "Know Better, Do Better" Series: Renting vs Homeownership Episode 100 - Employee vs Entrepreneur: What to Know Before Making the Jump Coming up next: In Episode 107 we’re going to talk about what to do if you get an unexpected windfall.

    • 43 min
    Know Better, Do Better Series: Renting vs Homeownership, With Lauryn Williams and Chloé Moore

    Know Better, Do Better Series: Renting vs Homeownership, With Lauryn Williams and Chloé Moore

    This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
    In the first episode of this series, Lauryn and Chloé dive into the trendy topic of homeownership. Even in the midst of the pandemic, the housing market has continued to soar. Many sellers are getting over the asking price and many buyers are struggling to buy while being caught up in bidding wars. It’s easy to fall into the trap of thinking that since everyone else is doing it, it must be good. But, is buying a house vs renting really the right decision? 
    In this episode, Lauryn and Chloé talk about:
    Why a primary residence is not an investment 4 questions to ask yourself before buying a house The downsides of homeownership Common mistakes people make when buying a house If they think people are really “throwing money away on rent” Common mistakes people make when refinancing their mortgage The importance of prioritizing what’s important to you when it comes to your finances If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
    Instagram: @worthwinning Twitter: @worth_winning Facebook: @worthwinningfp LinkedIn: @lauryn-williams If you want to further connect with Chloé Moore:
    Instagram: @financialstaples Facebook: @finstaples LinkedIn: @chloemoore RESOURCES:
    Chloé’s Business Insider article: “I'm a financial planner, and there are only a few situations where I recommend homeownership to my clients” A Comprehensive Guide for First-Time Home Buyers  First-Time Home Buyer Programs by State: https://time.com/nextadvisor/mortgages/first-time-homebuyer-loans-and-programs/

    • 40 min

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