Love, Your Money - Wealth, Money, And Financial Advisor For Women podcast

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Personal Finances

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Inhalt bereitgestellt von Hilary Hendershott, CFP, Hilary Hendershott, and CFP. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Hilary Hendershott, CFP, Hilary Hendershott, and CFP oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.

<div class="span index">1</div> <span><a class="" data-remote="true" data-type="html" href="/series/via-podcast-3642589">Via Podcast</a></span>

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Via Podcast

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vor 16 Tagenvor 16d ago

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Whether you’re just beginning to explore the Western United States or you’ve been living here since the day you were born, the Via Podcast will introduce you to new and unique adventures that will change your perspective. Hosts Mitti Hicks and Michelle Donati bring their travel expertise to interviews with some of the West’s most fascinating experts, residents, and adventurers. In each episode, you will discover deep conversations in the hopes of igniting a new interest—foraging anyone?—or planting the seeds of a new-to-you road trip. You might even learn something about a place you’ve explored dozens of times before.

Love, your Money - Wealth, Money, and Financial Advisor for Women

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If you are seeking your path to real financial success – this show is for you. Truly achieving financial freedom requires you master the “inner” world of money - your money mindset - and the “outer” world of money - consistently growing your net worth. One without the other is not enough. This show contains powerful systems and methodologies for women who run businesses and women who don’t. Love, your Money with Hilary Hendershott tackles money beliefs and financial planning strategies like:

What your family life growing up may say about your credit card debt
What tax strategies make the most sense for business owners
How to leverage compound investments to build truly passive income
How the quality of your relationships rise and fall on your money habits
Whether index funds are better to invest in than actively managed funds
Taking charge of your income and cash flow so you have money for today and tomorrow

Hilary Hendershott is a CERTIFIED FINANCIAL PLANNERTM professional with more than two decades of experience as a wealth manager. She’s NBC’s “Investor’s Voice of Reason”, an Investopedia Top 100 Financial Advisor five years running, and a TEDx speaker with her own personal experience of making money mistakes before multi-million-dollar success. Love, your Money With Hilary Hendershott is an ongoing conversation for you to improve your relationship with money, deepen your understanding of how money works in every area of life, and gain the clarity you seek about strategic wealth building and investing decisions and questions.

Subscribe to Love, your Money with Hilary Hendershott wherever you find your other favorite podcasts. And if you love what you hear, show some love with a five-star rating!

For more information, visit https://hendershottwealth.com

286 Episoden

#Personal Finances #Lifestyle #Trading #Self-Improvement #Business #Podcasting Education #Hilary Hendershott, CFP #CFP® #Hilary Hendershott

Love, your Money - Wealth, Money, and Financial Advisor for Women

120 subscribers

updated vor 8 Tagen

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What your family life growing up may say about your credit card debt
What tax strategies make the most sense for business owners
How to leverage compound investments to build truly passive income
How the quality of your relationships rise and fall on your money habits
Whether index funds are better to invest in than actively managed funds
Taking charge of your income and cash flow so you have money for today and tomorrow

Subscribe to Love, your Money with Hilary Hendershott wherever you find your other favorite podcasts. And if you love what you hear, show some love with a five-star rating!

For more information, visit https://hendershottwealth.com

286 Episoden

#Personal Finances #Lifestyle #Trading #Self-Improvement #Business #Podcasting Education #Hilary Hendershott, CFP #CFP® #Hilary Hendershott

All episodes

Love, your Money - Wealth, Money, and Financial Advisor for Women

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281: Don’t Risk Bad Investments for Good Tax Breaks: Introducing Ultra Tax Efficient Wealth Management℠, Part Two 33:09

vor 8 Tagen33:09

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33:09

In this episode, we’re continuing our conversation about Ultra Tax Efficient Wealth Management℠—a new-to-market investment strategy designed to help high net worth investors defer capital gains taxes while keeping their portfolios liquid and growth-oriented. If you haven’t listened to Episode 280 yet, go back and do that because it lays the foundation for everything we’re covering today, including how Robert and I discovered this strategy, vetted it thoroughly, and ultimately decided to offer it to our clients at Hendershott Wealth Management. Today, we’re diving deeper into UTEWM℠ to talk about: How this strategy compares to other common tax-deferral methods (and why others fall short) What makes Ultra Tax Efficient Wealth Management℠ uniquely effective, flexible, and IRS-compliant The technical underpinnings of the investment strategy, including the application of a long-short market-neutral overlay How UTEWM℠ can be applied to retirement distribution planning to potentially save millions in taxes over a lifetime Unlike most capital gains strategies that require sacrificing liquidity or chasing high-risk alternatives, UTEWM℠ relies on publicly traded stocks in efficient markets and uses a smart approach to defer gains while realizing strategic losses. It’s a new way of thinking about wealth management, and it could significantly improve your long-term outcomes. It’s exciting, it's flexible, it's widely applicable, and it is better than most–if not all–of the current methods to minimize capital gains taxes. The bottom line? You don’t have to settle for “bad investments with good tax benefits.” With UTEWM℠, you can aim for great investments with excellent tax benefits. So if you have (or will have) substantial unrealized capital gains from assets such as employer/highly appreciated stock, business sale proceeds, or real estate, this episode is a must-listen. Let’s get into it! ⬇️ Here’s what you’ll learn in this week’s episode of Love, your Money® : 01:26 A reminder of what UTEWMSM is: the strategic creation of taxable losses to offset gains, potentially saving you millions of dollars in capital gains taxes 03:28 Alternative ways to avoid capital gains that are “bad investments with good tax benefits”, like Qualified Opportunity Funds–and the opportunity costs they come with, especially if you’re saving for retirement 07:09 Solar Tax Equity Financing, and why it doesn’t meet Robert’s “big benefit, low risk” requirement for a good investment 08:13 What happens when you break IRS tax rules for the sake of a return–which is what we’d call “bad tax benefit, bad investment” 11:10 How UTEWM℠ differs from all other ways to defer paying capital gains taxes, including tax loss harvesting–where the opportunity to take losses tends to dry up over time 13:01 The difference between active management and UTEWM℠, why we’ve traditionally avoided it, and the mindset shift we had to make to embrace (and unlock) the potential of this strategy 15:05 The reliability and predictability of tax benefits, and why, in this case, “small return benefits” should be of interest to you as an investor 15:54 The breakdown of the costs of an Ultra Tax Efficient Wealth Management℠ strategy: trading, financing, and managing – and what can offset those costs 19:1 Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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280: Maximize Gains and Minimize Taxes: Introducing Ultra Tax Efficient Wealth Management℠, Part One 48:45

vor 22 Tagen48:45

48:45

Tax deferral is one of the most powerful wealth-building tools available to investors. Why? Because it allows you to reinvest money that would have gone to the IRS, compounding returns on that money and significantly increasing your long-term wealth. In this episode, I’m joined by Robert Hendershott (HWM’s Chief Investment Officer and my husband!) to talk about Ultra Tax Efficient Wealth Management℠—a suite of services that uses cutting-edge strategy designed to minimize taxes on your capital gains without sacrificing returns or adding unnecessary risk–and why he came out of retirement to help us implement this strategy with our high net worth clients. Ultra Tax Efficient Wealth Management℠ creates its benefits through realizing investment losses while deferring gains using a long-short overlay composed of individual stocks, which allows tax savings that can continue to compound for as long as the gains are deferred. And over a lifetime, that can be huge. We can’t overestimate how powerful this new-to-market wealth building strategy is, and in today’s conversation, we’ll start at the beginning, talking about: ✔ Why tax deferral benefits investors and follows the letter of the IRS law ✔ How Ultra Tax Efficient Wealth ManagementSM works, as well as the risks and rewards of this tax-aware investing approach ✔ Why personalized tax management is a must for sophisticated investors The bottom line? Tax planning isn’t one-size-fits-all. But with the right strategy, you can legally and effectively minimize taxes while maximizing your wealth. If you know someone who has capital gains in their life, listen to this episode and forward it to them–because this conversation could really alter your financial trajectory for the better by deferring millions in taxes–while keeping more of your money working for you. ⬇️ Here’s what you’ll learn in this week’s episode of Love, your Money® : 02:32 The genesis of Ultra Tax Efficient Wealth Management℠ at Hendershott Wealth, including my “it can’t really be this good” moment, and the decision to bring Robert out of retirement 06:18 The general benefits of tax deferral and why compounding returns are such an important piece of wealth building 09:20 How concentrated stock portfolios affect your ability to leverage tax deferral, plus how tax loss harvesting works – and where it falls short 12:03 Breaking down financial jargon to help you understand the high level functioning of Ultra Tax Efficient Wealth Management℠ and how it is designed to create reliable, predictable losses to offset gains 15:38 Playing by the rules of the IRS to generate market gains and create recognized losses–so you can have your cake and eat it, too 19:24 A simplified-but-illustrative example of a long-short strategy in action for an investor looking to diversify $1 mil of Amazon stock (don’t try this at home!) 28:14 How we know UTEWM℠ is legit with the IRS, and why it’s so effective at creating tax benefits 28:58 What makes someone a suitable candidate for this strategy, why it hasn’t been widely implemented by financial advisors or investment managers yet, and what’s changed to make it attractive–and approachable–now 33:46 The three main strategy risks and uncertainties of UTEWM℠ , and the silver lining it creates when the market goes down 38:50 The true pote Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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279: 5 Strategies to Minimize Capital Gains Tax (and Keep Your Portfolio Growing) in 2025 31:34

vor 5 weeks31:34

31:34

In this episode of Love, Your Money® , we’re tackling a hot topic: capital gains tax. While many investors assume paying high taxes is inevitable, there are smart, legal strategies that can significantly reduce—or even eliminate—what you owe. Some people avoid taxes by never selling their investments, but that means never enjoying the wealth they’ve built. Others chase tax-advantaged, underperforming assets that often do more harm than good. In just under 30 minutes, we’re breaking down five effective strategies that help minimize capital gains taxes while keeping your portfolio growing—without sacrificing liquidity or returns. From foundational tools like tax loss harvesting to advanced strategies like tax-aware investing with Separately Managed Accounts, this episode offers practical, proven tactics for high-net-worth investors. You’ll learn when and how to use each strategy, the pros and cons of each, and why some popular options (like Opportunity Zones and oil & gas investments) often fail to deliver lasting benefits. If you’ve got appreciated assets—like real estate, employer stock, or a taxable brokerage account—and want to keep more of your gains instead of handing them to the IRS, this episode is a must-listen. Here’s what you’ll learn in this week’s episode of Love, your Money® : 02:15 A common misconception about capital gains tax, and why simple tax deferral by never selling is NOT a viable long-term strategy 04:23 The benefits–and limitations–of tax loss harvesting and tax-conscious investment vehicles 06:31 What NOT to do with the proceeds once you’ve harvested your losses, or, the Wash Sale Rule 09:04 Specialized tax-managed mutual funds, ETFs, and other tax-conscious investment vehicles we use with our clients 10:26 Borrowing against appreciated stock (the poorly nicknamed "buy, borrow, die" strategy)—and when it becomes risky 13:27 Stock collars: An example of what they are and how they work, when to consider them, and when to avoid them 17:35 What made direct indexing a game-changer for high-net-worth investors, and how it impacts capital gains taxes 20:27 Separately Managed Accounts & Ultra Tax Efficient Wealth ManagementSM: the most advanced, effective way to minimize capital gains taxes without compromising returns or liquidity 25:35 Where you can go to learn more about Ultra Tax Efficient Wealth ManagementSM and optimize your portfolio for tax efficiency Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/minimize-capital-gains-tax Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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278: 5 Reasons Hiring A Virtual Financial Advisor Might Be Your Smartest Money Move 26:19

vor 7 weeks26:19

26:19

Once upon a time, managing your finances meant sitting across from an advisor in a big office, flipping through stacks of paper. But times have changed and thanks to technology, you can work with an expert financial team from anywhere—without sacrificing trust, personalization, or expertise. In fact, you might prefer working with a virtual advisor, and we’re going to explain why! In this episode, Hendershott Wealth Management advisors Jen Rupp and Alyssa Hause break down a few key advantages that come from working with a virtual financial planner, including: ✔ ️ Why location doesn’t have to limit your choice (or ours!) ✔ How technology helps us deliver better service and build more meaningful relationships ✔ The benefits of choosing a firm that aligns with your vision and values ✔ Why virtual advising makes financial planning easier, more efficient, and less stressful If you’ve been debating whether a virtual financial advisor is right for you, this episode just might have your answer. 👀 Here’s what you’ll learn in this week’s episode of Love, your Money® : 02:18 What the old days of working with a financial advisor looked like 03:47 How working virtually keeps fees reasonable without compromising quality 06:37 What it really means to work with a fiduciary advisor who puts your best interests first 08:07 How a tech-forward, process-driven firm can save you time and sanity–and keep your finances more secure 11:30 Here, there, and everywhere: The value of continuity with a financial advisory team, no matter where your life takes you 12:56 How we build even more meaningful relationships when working virtually 17:32 What you’re investing in when you pay a virtual advisor–and exactly what you can expect when you make Hendershott Wealth Management your financial advisory team Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/hiring-virtual-financial-advisor Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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277: Should You Diversify Your Employer Stock? Here’s the Data… And a Plan 22:56

vor 9 weeks22:56

22:56

Welcome back, Money Lover! In today’s episode, we’re tackling a financial risk I see far too often: holding too much of your employer’s stock. If you’ve built up a significant position in company shares through stock options, RSUs, or other equity compensation, this conversation is for you. Many people assume that because they work for a successful company—especially one of the Magnificent 7 (Apple, Microsoft, Nvidia, Google, Amazon, Tesla, Meta)—their employer stock is a safe and smart investment. But when it comes to investing, diversification is key. Today, we’re breaking down the risks of concentrated stock positions, and talk about why even the biggest companies rarely stay on top forever. Then we’ll get into how diversification helps protect and grow your wealth, and wrap up by sharing smart, strategic, and tax-efficient ways to sell your employer stock. It’s easy to feel attached to your company’s stock—after all, you’ve invested your time and energy in its success. But holding too much employer stock exposes you to unnecessary financial risk, and today’s episode is all about how to minimize that risk while maximizing your long-term returns. The key takeaway? You don’t need to time the market perfectly—you just need a plan. (We can help with that.) Here’s what you’ll learn in this week’s episode of Love, your Money®: 01:16 An intro to the financial risk we see far too often, and who this episode is perfect for 02:42 The illusion of safety in holding onto concentrated employer stock 05:34 The past performance of top 10 stocks, risks associated with not diversifying–and, why most people still want to hold on to their company stock 07:31 How your own biases can sabotage your wealth building efforts, and a unique reframe to approach your decision with 08:59 Understanding your equity and the kind of stock you own 10:58 Developing a tax-smart strategy for diversifying your investment portfolio 14:05 The four-step process we use to structure client investment portfolios 16:02 The tax implications of selling your employer stock, and, more importantly, how to minimize those taxes and keep more of your hard-earned money 17:57 The new-to-market strategy we’re helping clients with large unrealized gains utilize: Ultra Tax Efficient Wealth Management℠ Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/diversify-your-employer-stock/ Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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276: Why Tax Planning Beats Tax Prep: How to Take a Tax-Forward Approach to Your Money 18:43

vor 11 weeks18:43

18:43

Many people wait until tax season to think about their taxes, only to feel overwhelmed and unprepared. But the truth is, tax season isn’t really a “season” at all! Tax planning is an ongoing process that plays a crucial role in your financial success, and should be a consideration all year long. Because when approached strategically, proactive tax planning and preparation can help you keep more of your hard-earned money. In this episode, Jen Rupp (our Director of Financial Planning/Senior Financial Advisor) and Alyssa Hause (one of our Lead Financial Advisors) take the mic to talk about the value of proactive tax planning–and how you can take some of the stress out of tax prep. They break down the difference between tax planning and tax preparation, explain why looking ahead instead of reacting can make a huge impact on your financial future, and walk you through examples of how working with financial professionals who understand tax strategies can help you minimize what you owe–and maximize your long-term wealth. Even though we’re still in the first quarter of the year, now is the perfect time to start thinking about your 2025 taxes–and how small changes in your income, investments, and overall financial decisions can lead to significant tax savings down the road. So whether you’re preparing for this year’s tax deadline or looking to set yourself up for long-term success, we hope this conversation helps you take control of your tax strategy and ensure your money is working for you in the most tax-efficient way possible. 💪 Here’s what you’ll learn in this week’s episode of Love, your Money® : 02:54 Why taxes aren’t the once-per-year headache you might be treating them as 03:51 The key difference between tax planning and tax preparation, plus examples of what tax-forward planning looks like 06:31 How to reduce the stress of tax season by preparing early, and a checklist of documents you need to file 07:57 How Jen and Alyssa approach their own tax planning and preparation, and why they’re particular about accurately assessing withholdings 11:08 Working with a tax-savvy advisor, the best way to avoid filing amendments, and why we take a proactive approach to communication 13:51 Advanced tax strategies you should know–beyond tax loss harvesting and 401(k) contributions–to increase your savings and wealth accumulation Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/why-tax-planning-beats-tax-prep Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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275: Protecting Women's Wealth 19:46

vor 13 weeks19:46

19:46

Welcome back, Money Lover! In today’s episode, we’re diving into a topic that I’m incredibly passionate about: protecting women’s wealth. This is a conversation that applies to everyone—whether you’re a woman looking to safeguard your financial future or someone who wants to support the women in your life. Protecting wealth isn’t a new topic around here. It’s the final step in our 7 Steps to Wealth framework, and we spent the last few episodes talking about different ways to protect your wealth in relationships–with yourself and others. This week we’re wrapping up that series with an episode focused on financial planning considerations for women. Women have long been praised for their generosity, often being encouraged to give their resources away. However, true financial security begins with keeping and growing wealth, not sacrificing it. This is especially important when you consider some of the life experiences women tend to go through, particularly as they relate to longevity and the evolution of our financial needs in different stages of life. Financial empowerment starts with recognizing that no one cares more about your money than you do. Staying informed and actively engaged in financial decisions is essential to building lasting wealth–and that’s exactly what we’re going to talk about today. ⬇️ Here’s what you’ll learn in this week’s episode of Love, your Money® : 03:10 The societal belief that has held women back, why we need to stop celebrating self-sacrifice, and the mental reframe we need when it comes to women and wealth 05:07 The three best practices we recommend for building long-term wealth, and how longevity impacts financial planning 06:43 How work-life balance, traditional gender roles, and caregiving responsibilities impact women’s earning capacity and financial well-being 07:40 How to stake a claim in your household’s wealth management, and why trust isn’t a substitute for knowing 9:33 What you need to know if you want to be informed and empowered about your finances, retirement planning for surviving spouses, and benefit distribution 12:53 Reviewing beneficiary designations, estate plans, and insurance coverage as your financial needs fluctuate and change over time 14:27 What your mindset, emotional needs, and personal goals have to do with your financial planning 16:10 Signs it’s time to find a new financial advisor, and how our team works with high net worth women and couples with wealth to protect their best interests and their assets Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/protecting-womens-wealth Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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274: Skipping "I Do": How to Safeguard Your Finances as an Unmarried Couple with Melanie Lockert 28:58

vor 14 weeks28:58

28:58

A lot of people have purely romantic notions about marriage, but the truth is that marriage, in its simplest form, is a contract that provides legal protection. That contract is meant to cover ownership of real estate, division of assets, determination of healthcare directives, and more. Not everyone wants to enter into the terms of that contract, but their relationships still deserve respect and their wealth and assets still deserve protection. So if you’re interested in a long-term romantic partnership and want to build a life with someone–without the legal commitment–this is the episode for you. 👇 I’m joined by Melanie Lockert, an award-winning finance writer, public speaker, event planner, and founder of Lola Retreat for women. We talked about why many people are opting out of marriage, how unmarried partners can be legally vulnerable, and steps you can take to protect yourself–and your partner–financially, in case of separation or unexpected health events. Today’s interview is a follow-up to last week’s conversation with estate attorney Kara Foster about prenups and postnups–head to hendershottwealth.com/273 if you missed that one! Whether you’re on the fence or fully decided about your personal stance on marriage, both episodes are worth a listen… especially if you need a reminder to update the beneficiaries on your policies and accounts. 👀 Here’s what you’ll learn in this week’s episode of Love, your Money® : 02:44 Why Melanie became interested in writing about the financial implications of unmarried partnerships and how people can protect themselves 03:33 Making medical decisions for your partner, the importance of getting a healthcare power of attorney, and what happens without that paperwork 07:02 Melanie’s reasons for not getting married, how that decision aligns with her values, and why she considers it a money-saving move 11:15 Things people forget to consider about when they’re considering moving in together, especially when it comes to finances or real estate investments 16:49 What Melanie has learned about protecting her finances from her partnerships, and how her boundaries have changed over the years 18:33 What Melanie would say to an unmarried couple who is considering buying real estate together, and the potential risk of taking title as joint tenants 23:52 The reframe Melanie wants listeners to consider when they’re thinking about legal and financial protections in long term partnerships Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/melanie-lockert-skipping-i-do Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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273: Prenups, Postnups, and Talking About Finances in Marriage with Kara Foster 32:15

vor 15 weeks32:15

32:15

It’s often said that money is one of the most common sources of conflict in a marriage, and a leading cause of divorce. Today’s episode has me rethinking that positioning: What if money isn’t the one to blame, and the actual culprit is a lack of communication? You’ve likely heard me talk at length about the 7 Steps to Wealth, which is the framework I used to climb out of debt and build lasting wealth. The final step in that framework, Protect, is all about safeguarding your financial future. It’s one of the most important–and often neglected–steps. I did a deep-dive into the seventh step in episode 264, but today we’re taking a closer look at one crucial part of Protect: how to protect your wealth when you’re in a relationship. Specifically, we’re going to talk about prenups, postnups, and how they can help you preserve your wealth *and* your relationship. To help us unpack this topic, I’m joined by Kara Foster, an attorney from Foster Hsu, LLP. Kara and Lydia, her partner at the firm, are experienced in all aspects of California family law including divorce, legal separation, domestic violence, guardianship, stepparent adoption, and—what we’re focusing on today—prenuptial and postnuptial agreements. In this episode, we discuss: What a prenup covers and when to consider one Why prenups can be good for a relationship How to create a prenup and how much they cost But my biggest takeaway was this: What’s more important than any piece of paper you sign (or don’t) is that you have open, honest, and consistent conversations with your spouse about your finances. You should be on the same page about what’s going on, and the only way to do that is to talk about it. I learned so much from this conversation, and am grateful to Kara for lending her voice and expertise to the show. Now without further ado, let’s talk about what to do before you say “I do!” Here’s what you’ll learn in this week’s episode of Love, your Money : 03:44 What a prenup is, what it covers, and what can not be included in it 05:44 When should couples consider a prenup, and why businesses and real estate make asset division more complicated 08:05 How a prenup allows couples to keep assets separate during the marriage–and the pivotal thing a prenup “forces” you to do before getting married that will change your relationship (for the better!) in the long term 12:49 How a postnup differs from a prenup, when it’s worth getting one, and the limits or enforceability of the agreement 14:43 The process of creating a pre- or postnup, what can make the cost go up, and the importance of financial disclosure 18:30 Sticky situations a prenup can help couples avoid, the stigma of prenups, and why Kara doesn’t agree with the bad rap–even though she hears it a lot 21:51 Why unmarried couples who purchase real estate should get a cohabitation agreement, what it means to be joint tenants, and the importance of taking title 25:22 Why Kara didn’t get a prenup, the importance of ongoing communication about finances in marriage, and red flags to look out for Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/kara-foster-finances-in-marriage Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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272: Self-Sacrifice vs. Self-Honoring: Tools to Thrive in Mind, Body, and Finances with Beatriz Victoria Albina 44:14

vor 16 weeks44:14

44:14

Today I’m joined by the brilliant Beatriz Victoria Albina (a.k.a. Béa) for a conversation about something I’m incredibly passionate about: empowering women to own their truth, author their lives, and thrive in mind, body, relationships, and finances. Béa is a Master Certified Somatic Life Coach, breathwork meditation guide, and the host of the Feminist Wellness Podcast. Her work helps those socialized as women reconnect with their bodies and minds, break free from codependency, perfectionism, and people-pleasing, and reclaim their joy and power. In this episode, we dive into why so many women self-sacrifice to make others happy, what it means to emotionally outsource your sense of belonging, and how to cultivate internal self-worth. We uncover the unspoken expectations that fuel self-sacrifice, explore the transformative role of somatic experiencing, and discuss how to realign emotional, physical, and financial choices with your values. You’ll also learn about the “rescue trap,” the power of setting boundaries and saying “no,” and how to prioritize self-honoring behaviors. Béa shares practical exercises to help unravel people-pleasing tendencies, regulate your nervous system, and connect your beliefs and values with your actions. This conversation is packed with valuable insights and actionable strategies to help you spend your time, energy, and money in alignment with what truly matters to you. Let’s dive in! Here’s what you’ll learn in this week’s episode of Love, your Money®: 04:00 Why so many women self-sacrifice in order to make others happy and emotionally outsource their sense of belonging–plus, how to generate an internal sense of belonging 07:33 The unspoken expectations that fuel self-sacrifice, why it’s important to have compassion for ourselves, and how to practice somatic experiencing 09:45 How people who are raised and socialized as women overspend emotionally, physically, and financially–and how Béa works with clients to realign their choices with their values 10:51 How we can start to unravel our people-pleasing tendencies and use somatic practices to regulate our nervous systems 12:57 The best way to develop somatic bodily awareness, why meditation might not be the answer for everyone, and lessons about regulation from a chihuahua 21:56 What the rescue trap is, why women are vulnerable to it, and the implications of this variety of self-abandonment–in big and little ways 26:01 Why ‘no’ is such a hard word for women to face, how we can reframe that experience, and the role of boundaries in preventing resentment 29:17 How Béa identifies the difference between self-abandoning and self-honoring choices, and why somatic processing is an integral part of it 31:24 How selfishness can help you prioritize your spending, how Béa thinks about financial regret, and lessons she’s learned from past spending choices 34:32 An exercise to help you connect with your internal compass and empower yourself to make a different choice when you sense self-abandonment Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/beatriz-victoria-albina-self-sacrifice-vs-self-honoring Follow Hilar Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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271: Fast, Fair, and Fun: On Reporting (and Consuming) News, with Erica Mandy 31:28

vor 17 weeks31:28

31:28

Today on Love, your Money® , I’m thrilled to bring you a conversation with someone I personally listen to nearly six days a week: award-winning broadcast journalist Erica Mandy. After a decade-long career in TV news, Erica left the traditional newsroom to create and host the popular daily news podcast, The NewsWorthy–a show that delivers the day’s news in a way that’s convenient, unbiased, and enjoyable. Erica and I first crossed paths years ago at a podcasting industry event when both of our shows were just getting started. As I got to know her and became a loyal listener of The NewsWorthy, I was struck by how aligned our values are, especially when it comes to covering financial and economic events. Her “fast, fair, fun” approach to news reporting has guided my experience through major global moments, from the COVID-19 pandemic to presidential inaugurations, Olympic games, and more! In this episode, Erica shares her journey from traditional news reporting to building her own media platform. We discuss how her approach to delivering news has changed, the behind-the-scenes challenges and rewards of running a successful daily news podcast, and her mission to help people stay informed without the overwhelm. Erica is a woman whose work has inspired me, and whose voice has become a trusted part of my daily routine. I am delighted to introduce you to her, and I hope you enjoy this episode as much as I enjoyed recording it! Here’s what you’ll learn in this week’s episode of Love, your Money® : 04:36 The types of media we consume, how the news influences how we feel, and why it’s leading Americans to feel news burnout 07:07 Why Erica left TV news, the impact that working in the newsroom had on her well-being, and the point of diminishing returns with media consumption 09:25 How Erica and her team decide which stories that make it onto her daily news podcast, The NewsWorthy 10:41 How the newsroom functioned when Erica worked there–from who chooses and writes the stories to doing interviews, picking lead headlines, and delivering the news on-air or in print 16:20 The benefits of independent news and the kind of impact Erica wants her show to have 22:58 The cost of giving up the dramatic lens in delivering the news–whether it’s current events or financial news–and why the sacrifice is worth it to Erica (and me!) 24:05 The time + team it takes to produce a 10-15 minute daily news show Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/erica-mandy-fast-fair-fun Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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270: ADHD and Money: How ADHD Impacts Your Finances with Dr. Stephanie Sarkis, PhD 39:55

vor 18 weeks39:55

39:55

Today’s topic is a highly requested one: how ADHD impacts your finances. I’ll be honest, normally when I have a guest on the podcast, I’m at least a little bit familiar with the topic we’re going to discuss–but today is different. Until this conversation, I had next-to-no experience dealing with ADHD. But I do know it’s a common issue as more and more adults–especially women–receive ADHD diagnoses. And that’s why I’m so excited to welcome Dr. Stephanie Sarkis, PhD to the Love, your Money® Podcast to share her expertise! Dr. Sarkis is a psychotherapist who specializes in ADHD, anxiety, and working with victims of narcissistic abuse. She is the author of eight books and three workbooks about ADHD and money, healing from toxic relationships, and the impact of emotional abuse on your finances. Stephanie is a National Certified Counselor, Licensed Mental Health Counselor, American Mental Health Counselors Association Diplomate, and a Florida Supreme Court Certified Family and Circuit Mediator. She has been in private practice for over 20 years, is an online contributor to Psychology Today, and hosts the Talking Brains podcast. In other words, if we want to talk about ADHD and money, we’re in good hands today. So buckle up, and let’s dive in! Here’s what you’ll learn in this week’s episode of Love, your Money®: 04:10 How the three subtypes of ADHD present, and how symptoms (like executive dysfunction or impaired impulse control) affect financial decisions and outcomes 07:48 The difference between being disorganized and having ADHD, the symptom spectrum, and getting diagnosed in childhood versus as an adult 11:17 Understanding the brain chemistry that fuels ADHD, effective treatment options, and how neurotransmitter activity influences behavioral patterns 17:25 Investing and ADHD, finding the right resources to support your wealth building, and developing a healthy relationship with a financial professional 20:35 How people with ADHD can learn about finances, the power of gamification, and the cash flow management system Stephanie recommends 26:26 Couples and ADHD: Why people with ADHD tend to fight more about money, and why they’re more vulnerable to financial or narcissistic abuse 29:46 Tips for talking to your partner about money–without a fight, and the characteristics of a healthy financial partnership Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/stephanie-sarkis-adhd-and-money Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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269: The Power of a Beginner’s Mindset with Tonya Rapley 34:14

vor 19 weeks34:14

34:14

Have you heard the phrase “be stubborn about your goals and flexible about your method”? It’s pretty good advice. Attachment and unwillingness to release the plans we’ve made or the expectations we have can be very costly, which is something that today’s guest has learned a lot about in the last few years. But thanks to healing core wounds and reprogramming her subconscious, she’s been able to work through those ego blocks and accomplish some pretty incredible things. Tonya Rapley is someone who really embodies the 7 Steps to Wealth in her life. Her story is a great example of what’s possible when you break through limiting beliefs and author your own life based on what you actually want–not what you’ve inherited. Tonya is a speaker, financial educator, best-selling author, and investor. She is the CEO of Her Legacy Media, Inc., and founder of My Fab Finance–a media company that helps you do things with your money that you’re proud of. I invited Tonya to join me on the podcast to talk about her money journey, including her transition from working at a non-profit to running a multi-million dollar business, getting paid well while doing good in the world, and why she’s choosing to return to employment after nearly a decade of entrepreneurship. The way Tonya talks about embracing a beginner’s mindset and using new experiences to heal as you age is really inspiring, and I hope you enjoy this conversation as much as I did! 👇 Here’s what you’ll learn in this week’s episode of Love, your Money : 02:26 The story of Tonya’s transition from working at a non-profit earning $45k per year to being an entrepreneur with $45k months 04:55 How Tonya’s upbringing influenced the expectations she had for herself, and what she did to break free from those limiting beliefs 08:16 How Tonya defines a “beginner’s mindset”, and how you can use the beginner’s mindset to heal as you age 09:42 How Tonya found guidance as an adult, created her own board of directors, and how that mentorship led her to learning how to play (and love) golf 14:26 The courage of making asks–and the power of those asks to further your career and offer support in your personal life 16:04 Tonya’s recent transition to life as a single mother, why she had to right-size her life to fit her current situation, and how her ego flared up along the way 16:57 The financial lessons Tonya learned from her divorce, and the advice she has for other women who are dissolving a financial partnership 20:59 What it means when people try to buy transformation versus earning it, and the tools Tonya uses to reprogram her subconscious programming and heal 24:07 Tonya’s upcoming return to the workforce, and how she’s leveraging the skills she learned as an entrepreneur in her new job Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/tonya-rapley-beginners-mindset Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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268: How Highly Sensitive, High Achievers Can Advocate for More with Melody Wilding 33:17

vor 20 weeks33:17

33:17

Listen up: There’s going to be dollar signs flying at you after this episode. Okay, I might be exaggerating, but listening to today’s guest WILL change how you show up in crucial conversations in the workplace–and what opportunities those conversations open up for you. Melody Wilding is an award-winning executive coach, human behavior professor, and the author of Trust Yourself: Stop Overthinking and Channel Your Emotions for Success at Work , and its follow up, Managing Up: How to Get What You Need From the People in Charge , coming out in March 2025. As a therapist, coach, and emotions researcher, Melody weaves evidence-based neuroscience and psychology with professional development. She joined me on Love, your Money® to share her expertise as it relates to money conversations, negotiating with higher ups, and advocating for yourself financially in a professional setting. If you’re what Melody calls a Sensitive Striver–a highly sensitive person who’s also high achieving–OR you’ve ever felt like your people-pleasing ways are holding you back in the workplace or your personal life, this is a conversation you don’t want to miss. 👇 Here’s what you’ll learn in this week’s episode of Love, your Money : 02:08 Melody’s term Sensitive Striver–what it is, how Melody started working with highly sensitive achievers, and how it relates to her latest book 03:38 The difference between sensitivity and empathy, how they show up in professional settings, and the role of sensitivity in an evolutionary setting 06:14 The struggles sensitive people may come up against when it comes to pursuing financial freedom and asking for what they need 08:25 When Imposter Syndrome shows up, and how it impacts sensitive people–especially when it comes to financial goals and accomplishments 13:53 Increasing your visibility, earning what you want, and the cost of flying under the radar 16:19 Problem, Action, Solution: Melody’s conversational framework to help you advocate for yourself, and share your accomplishments in effective and memorable ways 20:11 The quitting conversation: What to do when you feel stuck in your career, the value of building relationships instead of burning bridges, and navigating exit interviews with grace 24:55 How sensitive people can think about timing and self-advocacy when asking for raises or promotions, and getting teammates aligned with your desire for advancement Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/melody-wilding-high-achievers-advocate Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

Love, your Money - Wealth, Money, and Financial Advisor for Women

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267: How to Find the Right Fit (and Most Funds) for College with Dr. Pamela Ellis, The Education Doctor 27:27

vor 21 weeks27:27

27:27

Want to help your child get into their top choice college with $75,000 of scholarship money? Then pay attention Money Lover, because today we’re talking about what you need to know–and what you can do–to make that happen. Choosing and paying for the right college is something that has frustrated many parents for many years. Dr. Pamela Ellis has made it her mission to help families navigate the admissions process and get the financial support they need, which is why I invited her to join me on the podcast! Dr. Ellis is an award-winning author of the best-seller "What to Know Before They Go: College Edition," and the founder of Compass College Advisory. She and her team have helped over 30,000 families navigate college admissions, ensuring teens find the right fit without overspending. Dr. Ellis has a 95% success rate in getting students into their top-choice colleges, and secures an average of $75,000 in scholarships per student. In this conversation we talked about what led her to this line of work, how she supports families in the college application process, and the five elements of “fit” to consider when selecting a school. Buckle up for a conversation you will find educational and illuminating–because it covers more than just how to fund a 529. Here’s what you’ll learn in this week’s episode of Love, your Money : 02:27 How being a first generation high school and college graduate influenced Pamela’s education experience and led her to become “The Education Doctor” 04:35 How Pamela’s work supports teens and parents–and why she visited 500+ colleges to help her connect students with the right school for their needs 06:50 When families should begin strategizing for college applications, and activities that are helpful in the application process 08:43 The struggle of letting go when you’re a parent, how Pamela helps parents trust their children in the process, and why that’s so important 12:05 The sticker price of college, the average amount American families actually pay, and where the biggest scholarship dollars come from 13:39 The five factors of “fit” that helps Pamela match students with the best college–and increase their chances of admission 15:05 How social dynamics, recreational activities, and personal factors like diet influence the best college/student fit 16:37 How finding the “right” college fit impacts the amount of scholarship support you can access, and the best place to focus your energy, including the FAFSA and CSS Profile 19:48 A story from Dr. Ellis that will make you never doubt the support your student can get 23:25 A gift from Pamela: The College Confidence Blueprint, a step-by-step guide to support your teen in their college journey Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/pamela-ellis-find-the-right-fit-for-college Follow Hilary on: LinkedIn Instagram YouTube Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.…

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