Money & You with Michelle Perkins Michelle Perkins

CEO of Limit Free Life®, Michelle Perkins hosts guest, Shari Rash,  the Founder of GWA Wealth, a virtual financial advisory firm that helps millennial and gen x families address financial challenges in a fun, comfortable, no-nonsense way. She is a Financial Advisor, the host of "Money CHIC" podcast and author of "Insider's Secrets about Women and Money."

We talked about the challenges millennials face, such as high housing costs, student loan debt, and how emotions play a key role in financial decisions. Topics like buying a home, retirement planning, student loans, and the importance of talking about money were discussed. Shari emphasized the need to remove emotions from money decisions, using money as a tool to achieve financial goals. 

The discussion highlighted the importance of flexibility, understanding where to invest money, and making money conversations approachable and fun. The podcast aimed to provide practical advice and insights to help listeners improve their relationship with money and make better financial choices. It is important as it addresses common financial challenges faced by millennials and offers guidance on navigating them effectively.

00:00 - Money relationship matters: Tough love 
06:36 - Millennials and financial challenges 
17:53 - Emotions and money management 
24:48 - Retirement planning insights 
31:06 - Student loans impact discussion 
37:56 - Money as a tool: Approachable advice 

Why do many millennials struggle with the idea of buying a home?
Many millennials struggle with buying a home due to the psychological hurdle of permanence, lack of readiness, and the societal taboo around discussing money openly.

What advice does the podcast offer regarding saving for retirement, especially for millennials?
The podcast advises setting aside a portion of income for retirement, adjusting savings goals based on living expenses, and considering alternative income sources to achieve financial security in retirement.

Building a healthy relationship with money involves understanding where your dollar can work harder and making informed financial choices.

For much more on ALL things money mindset, money management, how to earn a great living and take control of your finances…Subscribe to my weekly podcast, Money and You:
https://podcasts.apple.com/us/podcast/money-you-with-michelle-perkins/id1365907575?ign-itscg=30200&ign-itsct=podcast_box
And don’t forget to join the Limit Free Life email community for valuable, usable content and to learn about upcoming events: Let’s Connect… https://limitfreelife.com/newsletter/I’m excited to offer you a proven way to develop a next level relationship with money that will empower your mindset and financial mastery by “dating your money.”  Until you understand how YOU relate to money and what you believe about money, nothing will change. Once you begin to get to know yourself with money, learn the fundamentals of money management, and operate in a new way with money, everything will open up. Join my signature  “Your Money Date™” program and I’ll help you make the shift.  https://limitfreelifeworkshops.com/money-date/ The next one begins soon! For more information on Limit Free Life & Michelle Perkins: https://limitfreelife.comLinkedIn: https://www.linkedin.com/in/limitfreelife/Instagram: a...

Episode 127: Motivators, metrics, and money 

Michelle Perkins shares ways to future-proof yourself in our changing world. She talks about the  importance of developing future job skills. The discussion focused on various skills such as AI, sustainability, social media, communication, and trade-related skills. She emphasized the need to understand and improve financial skills as a crucial aspect of personal and career development. Her company Limit Free Life® was created to help people to live their best work lives and find more than money from their work. Staying on top of the ever changing job landscape will keep you able to find or create work you love.

The podcast highlighted the significance of staying up to date with evolving trends in the job market to remain competitive. Michelle also mentioned the importance of having a better understanding of one's financial situation to make informed decisions about career choices and earning potential. Overall, the podcast emphasized the importance of continuously upgrading skills, including financial literacy, to thrive in the ever-changing work environment and create the freedom you want.

Summary of podcast tips:

Some skills that can help future-proof your career include AI skills, sustainability skills, social media skills, communication skills, and trade-related skills.

AI can be used to support and assist in various jobs, even if it's not the main profession. Learning how to use AI as a tool can be a valuable skill to bring to the table.

Understanding your money is as big a skill as any other when it comes to developing yourself. It can help you determine if you need to earn more money, how much you need, and how to make more money in different ways and in different industries.

Trade-related skills, such as fashion, plumbing, and electrical work, are considered important for the future because there will always be a need for people in construction, maintenance and manufacturing roles. These skills are evolving technologically with the changing times, making them valuable areas to get into.

Improving financial skills can lead to better understanding of one's financial situation, potentially leading to career changes or job satisfaction improvements. By learning how to make more money and manage finances effectively, individuals can make  more informed decisions about their professional paths.

For much more on ALL things money mindset, money management, how to earn a great living and take control of your finances…Subscribe to my weekly podcast, Money and You: https://podcasts.apple.com/us/podcast/money-you-with-michelle-perkins/id1365907575?ign-itscg=30200&ign-itsct=podcast_box And don’t forget to join the Limit Free Life email community for valuable, usable content and to learn about upcoming events: Let’s Connect… https://limitfreelife.com/newsletter/
 
I’m excited to offer you a proven way to develop a next level relationship with money that will empower your mindset and financial mastery by “dating your money.”  Until you understand how YOU relate to money and what you believe about money, nothing will change. Once you begin to get to know yourself with money, learn the fundamentals of money management, and operate in a new way with money, everything will open up. Join my signature  “Your Money Date™” program and I’ll help you make the shift.  https://limitfreelifeworkshops.com/money-date/ The next one begins soon!  For more information on Limit Free Life & Michelle Perkins: a href="https://limitfreelife.com" target="_blank" rel="noreferrer...

Mistakes have been the key way we learn about money since we aren’t well-educated on the topic. They serve a valuable purpose, the bad ones, we never make again, hopefully. This show outlines 5 big mistakes that you can easily avoid. 

This solo show highlighted the significance of being intentional with money, avoiding money avoidance, and understanding one's beliefs and emotions around finances to get you closer to financial freedom. The podcast focused on the impact of understanding oneself in relation to money and the benefits of addressing financial issues proactively. The podcast provided insights into common mistakes people make with money and offered strategies for improving financial well-being.

Summary of tips from the podcast: One common mistake is waiting to try to understand oneself with money.

Don’t be avoidant -  look at, speak about, collaborate, and address financial matters.
Understanding yourself with money leads to positive changes and better financial decisions.
Engaging with financial experts is seen as an investment (not an expense) in one's financial future and can lead to better returns.

Feelings are the more important factors in making financial decisions, and understanding one's feelings about money is crucial to financial decision-making.

For much more on ALL things money mindset, money management, how to earn a great living and take control of your finances…Subscribe to my weekly podcast, Money and You: https://podcasts.apple.com/us/podcast/money-you-with-michelle-perkins/id1365907575?ign-itscg=30200&ign-itsct=podcast_box
 
And don’t forget to join the Limit Free Life email community for valuable, usable content and to learn about upcoming events: Let’s Connect… https://limitfreelife.com/newsletter/
I’m excited to offer you a proven way to develop a next-level relationship with money that will empower your mindset and financial mastery by “dating your money.”  Until you understand how YOU relate to money and what you believe about money, nothing will change. Once you begin to get to know yourself with money, learn the fundamentals of money management, and operate in a new way with money, everything will open up. Join my signature  “Your Money Date™” program and I’ll help you make the shift.  https://limitfreelifeworkshops.com/money-date/ The next one begins soon!  For more information on Limit Free Life & Michelle Perkins: https://limitfreelife.com LinkedIn: https://www.linkedin.com/in/limitfreelife/ Instagram: https://www.instagram.com/livealimitfreelife You Tube: https://www.youtube.com/@michelleperkins-limitfreel2446