Episode 137: Paying Down Debt

Dr. Sue McCreadie, a pediatrician and women's coach, joins Melissa Joy to discuss how mindset and emotions impact financial well-being. Drawing from her experience in pediatric care, Dr. Sue shares insights on promoting mothers' health and mindsets. This transformative conversation covers the connection between women's roles, taking control of one's life, and financial empowerment. 

Listen and Learn:

1. How mastering mindset and emotions can transform your financial well-being
2. The importance of understanding and honoring your own money personality
3. How to normalize conversations about money with your partner and kids

Resources:

1. Learn more about Dr. Sue McCreadie, MD
2. Take the SoulFULL Medicine Quiz
3. Learn more about Pearl Planning

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Join Melissa Joy as she discusses the nitty-gritty of handling extra cash and creating emergency funds. Melissa shares practical tips and personalized advice to help you navigate your financial journey - from stressing the importance of yearly check-ins to offering tailored recommendations to specific situations. Don’t miss out on this enriching episode that offers practical wisdom for effectively managing and investing cash reserves. 

Listen and Learn:

1. Understand strategies to maintain and adjust your emergency reserve range
2. Discover a collaborative approach to financial planning so you and your partner are equipped to face the future with financial strength and resilience
3. How to seek professional assistance for ongoing evaluation and personalization in investment management

Resources:

1. Check out our recent webinar Under The Radar: Overlooked Tips & Tricks For Your Investment Portfolio
2. Read: How Much Should I Have in Savings?
3. Discover: The Best Savings Accounts for 2024
4. Listen: Women’s Money Wisdom Episode ‘Paying Down Debt’
5. Listen: Women’s Money Wisdom Episode ‘All About Emergency Reserves’

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Melissa Joy explores a significant yet often overlooked trend: the increasing dependence of adult children on their parents for financial support. Drawing from a recent Credit Karma survey, which reveals that one-third of American adults rely on parental financial assistance, Melissa delves into the problems this trend can cause for parents while also providing practical measures to promote financial independence within families.

Listen and Learn:

1. Proactive ways to prepare your kids to support themselves
2. What to do when you're ready to reduce your financial support
3. How to manage if you are overcommitted & need to cut the financial cord now

Resources:

1. Read: These Families Are Shutting Down the Bank of Mom and Dad
2. Read: Nearly One-Third of American Adults Rely on Their Parents for Financial Support 
3. Read: The 3 Money Conversations to Have With Your Kids
4. Listen: Women’s Money Wisdom Ep 161: Teaching Teens the Value of Money

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Melissa Fradenburg explores the complicated nature of receiving an inheritance, especially as a woman. You'll get practical guidance on managing inherited assets, honoring the wishes of passed loved ones, and making informed decisions during this sensitive time. 

Listen and Learn:

• How to make what you inherit last & honor a loved one
• An easy way to prioritize the overwhelming list of to-dos
• Tax consequences to be aware of with a transfer of accounts
• Overlooked expenses that can surprise you with inherited property

Resources:

• Listen: Episode 59: Inheritance Mistakes with Cathy Curtis 
• Listen: Episode 138: How to Deal with Grief and Financial Decisions with Kathi Balasek 
• Read: Emotionally Charged Money: Inheritance
• Review: Can I Delay Distributions From The Traditional IRA I Inherited?

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

In this episode of Women’s Money Wisdom, Melissa Fradenburg explores the intricate dynamics of managing finances within relationships. With a focus on the importance of financial transparency and communication, Fradenburg draws from her own experiences to shed light on the complexities couples face when merging their financial lives.

Tune in to gain valuable insights on managing finances within relationships, fostering open communication, and planning for a secure financial future together.

Listen and learn:

1. The importance of learning to manage joint accounts
2. How to navigate pre-marriage finances
3. Steps to plan for the future
4. How Pearl Planning can provide you with expert guidance

Resources mentioned in this episode:

1. Reach out for an introductory call with Pearl Planning
2. Important Numbers for 2024
3. Episode 155: Love And Money: Financial Planning Considerations For Couples
4. Episode 200: Setting Financial Resolutions and Goals for 2024

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Join Melissa Joy as she simplifies the often-overwhelming world of filing your taxes. In this episode, Melissa dives into strategies for managing taxes effectively while providing tools to enter tax season with confidence and organization.

Listen and learn:

• How to get organized and reduce your tax season stress
• Key points to start collecting important documents
• Why paying "zero" in taxes may not be the win you think it is

Resources mentioned in this episode:

• What Documents Do I Need to Collect for Filing My 2023 Tax Return 
• Important Financial Numbers for 2023
• Important Financial Numbers for 2024
• Five Financial Tips to Implement After Filing Your Taxes

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Ever feel like your financial confidence takes a hit every election year? You're not alone, and that's exactly why we've dedicated this episode to discussing the current economic enviroment as well as looking at historical election year markets.   We all know that political cycles can bring uncertainty, but today, we present compelling reasons backed by statistics for why you should stay invested for the long term, no matter which political party is in office. We share historical data on how markets have performed under both political parties and discuss what long-term investors should focus on when short term headlines have them rethinking their long term investing goals. 

Resources mentioned in this episode:

• Learn more about Pearl Planning. 
• View Important Numbers for 2024
• What Issues Should I Consider At The Start Of The Year 2024
• Watch our Webinar Replay  Winter 2024 Economic Update and Investment Outlook.

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Are you guilty of comparing your financial decisions to others? In this episode of Women's Money Wisdom, Melissa Fradenburg, delves into the pitfalls of financial comparison. It all started with the outrageous ticket prices for a Detroit Lions home playoff game, reminiscent of those Taylor Swift tickets at Ford Field. Melissa shares her personal insights and explores how comparing finances with others can be unproductive. Discover the importance of financial planning, building emergency funds, and setting clear financial goals.  Learn how having a tailored financial plan allows you to splurge on what truly matters to you without falling into the comparison trap.

Join us for a candid conversation about why comparing yourself to others can steal your financial joy and how you can take control of your financial future. Don't let comparison rob you of your financial contentment; empower yourself with the wisdom of financial planning.

Resources mentioned in this episode:

• Listen to Episode 192: Resisting the Spending to Impress Trap: Financial Planning Tips Inspired by Travis and Taylor
• Listen to Episode 123: Simple Budgeting Tips with Melissa Fradenburg
• View Important Numbers for 2024
• What Issues Should I Consider At The Start Of The Year 2024
• Register for our Winter 2024 Economic Update and Investment Outlook.

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

Have you updated your resume recently? If you're thinking of making a career change or change employers this episode is a must listen. Linda Olejniczak, owner of Phases Career Services brings over 25 years of experience in human resources, coupled with a deep understanding of marketing. Linda is committed to helping women stand out by crafting resumes that not only highlight their unique skills and achievements, but also align with their career aspirations. Linda emphasizes the importance of staying current with job search strategies, developing a professional brand and networking effectively.  Embrace a transformative professional journey with Linda's advice on creating standout resumes, nurturing a strong professional brand, and leveraging change for growth. Her expertise doesn't stop there; dive into the essential tactics of updating your resume for our digital age, including the strategic use of LinkedIn and AI-enhanced job applications. We discuss the shift towards remote work that could revolutionize work-life balance, and specific tips to latch onto those sought-after flexible roles. Linda's insights into subtle job hunting are game-changing, especially in a world where your professional online presence is under constant scrutiny.

Resources:

• Connect with Linda or email phases.careers@gmail.com
• Tips for Work From Home Jobs.
• Resume Do's and Don'ts.
• Remote Work board and www.flexjobs.com
• Follow  Brenda Meller for LinkedIn ideas.
• View Important Numbers for 2024
• What Issues Should I Consider At The Start Of The Year 2024
• Register for our Winter 2024 Economic Update and Investment Outlook.
  
  

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.

In this episode, we explore whether those pricey skincare products and dermatological treatments are worth the investment. Did you know that on average, women spend over $250,000 on beauty products in their lifetime, with a shocking 90% of these products going unused?

Our host, Melissa Fradenburg, is joined by Dr. Meredith Price, MD, FAAD, a board-certified dermatologist from Grosse Pointe Dermatology. Dr. Meredith Price earned her bachelor's degree in Cell and Molecular Biology from the University of Michigan, Ann Arbor, in 2005, and completed her medical training at Wayne State University School of Medicine in 2009. In this episode, we delve into the world of skincare and dermatological treatments, offering practical tips to help you make informed decisions about your skincare routine and expenses. They also discuss the importance of prioritizing sunscreen to shield your skin from harmful UV rays.

Join us for this informative and engaging conversation with Dr. Meredith Price as we empower you to make smart choices regarding your skincare and beauty expenditures. Achieve healthy, radiant skin without breaking the bank!

Resources:

• Learn more about Dr. Meredith Price, MD FAAD and Grosse Pointe Dermatology.
• Follow @gpdermdoc on Instagram, TikTok and Facebook.
• Shop Dr. Meredith Price's Favorite Skincare. 
• View Important Numbers for 2024
• What Issues Should I Consider At The Start Of The Year 2024
• Register for our Winter 2024 Economic Update and Investment Outlook.
  
  

Links are being provided for information purposes only. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Pearl Planning cannot guarantee that the information herein is accurate, complete, or timely. Pearl Planning makes no warranties with regard to such information or results obtained by its use and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Pearl Planning financial advisors do not render advice on tax matters. You should discuss any tax matters with the appropriate professional.

Data Sources: Capital Group, RIMES, Standard & Poor's.