Her Wealth Matters

Ep 3: How Emotions Impact Financial Decision-Making

A lot of people like to think they’re making decisions based on logic and facts, but the truth is emotions typically play a role in our decision-making process. As you can imagine, we have many strong feelings when it comes to our money and that can become a problem for your retirement plan.

 

Show notes and additional resources: https://theuswealthadvisors.com/2020/02/ep-3-how-emotions-impact-financial-decision-making/ 

 

Today's rundown: 

0:56 – Let’s talk about emotional decision-making.

1:30 – Which emotions are likely to drive financial decisions?  

3:02 – Fear also keeps people from getting back into the market.

4:47 – Greed is another driving factor, especially when things are going well.

5:32 – Quit letting those emotions control your decisions when it comes to finances.           

6:05 – Both genders react differently at times but we all have confirmation bias and pay attention to the info that supports our opinions.

7:06 – We can’t completely shut off emotions so when is it okay to let them push us in a certain direction?

8:07 – Aversion bias is another thing we deal with.

9:01 – J’Neanne shares an example of a time she was able to make the math match the emotions for a client.

Ep 2: Inheritances 101 – What You Need to Know

Most of us have very little experience with inheritances. Would you even what steps to take after receiving money or property? Today we’ll identify the mistakes people make when preparing an estate plan, what you should do if you receive an inheritance, and talk about other things you should consider.

 

Show notes and additional resources: http://herwealthmatters.com 

 

Today's rundown: 

0:52 – We want to spend some time on inheritance today.

1:20 – Most of us don’t have any experience to draw on when it comes to handling inheritances.

2:22 – The first issue many people worry about is taxes. What do we need to know on that front?

5:06 – How much has the SECURE Act changed the way people are planning?

6:52 – What are some common mistakes people make with their estates that make it more difficult for their beneficiaries?
8:27 – J’Neanne shares a story of someone who died before changing beneficiaries.  

9:20 – What about the common mistakes people make after receiving an inheritance?

12:42 – What are the first steps someone can take when receiving an inheritance?

13:45 – Americans don’t often think about multi-generational planning but a proper advisor can help you with that long-term planning.

16:30 – Here’s the bottomline on what you need to do now.

Ep 1: Welcome To The New ‘Her Wealth Matters’ Podcast

The focus of our podcast has shifted and today we’re going to tell you why by giving you the background behind the decision, why we feel this new objective is so important, and the goals for the show. Plus, we’ll learn more about J’Neanne’s career and how she got into this career after her time in the military.

Show notes & resources at http://herwealthmatters.com/

Show Agenda:

1:30 – Welcome to the new show!

2:30 – Why did the show name change and what’s the meaning behind the new name?

3:10 – J’Neanne’s grandparents had a big influence on her.

4:42 – Our business and show not just about investing but every decision that goes into retirement planning. 

6:54 – Who is the ideal listener for this show? Is it just women?
8:29 – Women aren’t prepared well enough for retirement and that’s what we want to focus on.

10:49 – We will also talk about how you can be more of a partner in a relationship.  

11:42 – Along the lines of relationships, women can end up in a difficult situation following divorce or death of a spouse.

13:45 – How did J’Neanne get into the financial planning business?

17:28 – A lot of J’Neanne’s family has military and service experience.

19:17 – What do you like most about being in this business?

20:29 – What does a typical weekend look like for J’Neanne?