Living My Life Like It's Golden - Debunking Myths About Bankruptcy

Debunking Myths About Bankruptcy

05/13/24 • 25 min

Living My Life Like It's Golden

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Important Links

Get your free downloadable Financial Recovery Roadmap here.
Register for my free Masterclass Rebuilding After Bankruptcy: Your Step By Step Success Plan here.

In this episode, the Louisa Larado debunks common myths surrounding bankruptcy. She addresses misconceptions about losing everything, losing your job, getting a loan, having your wages garnished, bankruptcy being publicly known, getting a rental, traveling, having savings, and feeling like a failure. Louisa shares her own experiences and provides reassurance that bankruptcy is not the end of your financial journey. She encourages listeners to seek professional guidance and emphasizes the importance of changing your money story and creating a positive relationship with money.
Takeaways

Bankruptcy does not mean losing everything. You can keep your furniture, personal items, and vehicles under a certain value.
Your employer does not find out about your bankruptcy, and most jobs are not affected by bankruptcy.
You can still get a loan and have a good credit rating after bankruptcy.
You can earn money and keep a portion of your earnings during bankruptcy.
Bankruptcy is not publicly known unless someone pays a fee to access the bankruptcy register.
Getting a rental and traveling are still possible during bankruptcy.
You can have savings and a bank account during bankruptcy.
Bankruptcy is not a sign of failure but an opportunity for a fresh start and financial growth.
Seek professional guidance and change your money story to rebuild your financial situation.

Find out more about my next workshop Thriving Together: A 1/2 Retreat for Mums and Teen Daughters by clicking here

Want more? You can check out my website for more free resources or follow me on Instagram or Facebook.
Disclaimer: The information contained on today’s podcast has been provided as general advice only. The contents have been prepared without taking into account your objectives, financial situation or individual needs. Before making any decision regarding the information, strategies or products mentioned on today’s episode, please consult your own financial advisor or other professional first.

Send us a text

Important Links

Get your free downloadable Financial Recovery Roadmap here.
Register for my free Masterclass Rebuilding After Bankruptcy: Your Step By Step Success Plan here.

Bankruptcy does not mean losing everything. You can keep your furniture, personal items, and vehicles under a certain value.
Your employer does not find out about your bankruptcy, and most jobs are not affected by bankruptcy.
You can still get a loan and have a good credit rating after bankruptcy.
You can earn money and keep a portion of your earnings during bankruptcy.
Bankruptcy is not publicly known unless someone pays a fee to access the bankruptcy register.
Getting a rental and traveling are still possible during bankruptcy.
You can have savings and a bank account during bankruptcy.
Bankruptcy is not a sign of failure but an opportunity for a fresh start and financial growth.
Seek professional guidance and change your money story to rebuild your financial situation.

Find out more about my next workshop Thriving Together: A 1/2 Retreat for Mums and Teen Daughters by clicking here

Previous Episode

From Financial Success to Bankruptcy: My Story

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Important Links

Get your free downloadable Financial Recovery Roadmap here.
Register for my free Masterclass Rebuilding After Bankruptcy: Your Step By Step Success Plan here.

In this episode, host Louisa Larado shares her personal bankruptcy story and explains why she started the podcast. She talks about how she and her husband initially had financial success through property investing, but made some bad investment choices and were hit hard by the property market crash. They found themselves unable to pay their mortgage and struggling to provide for their family. After researching bankruptcy, they decided it was the best option for a fresh start. Louisa discusses the bankruptcy process, the impact on their finances, and how they were able to rebuild their lives after bankruptcy.
Join the Bankruptcy To Bliss Facebook group for free support, training and inspiration to help you navigate your bankruptcy and change your money mindset.
Want more? You can follow me on Instagram or Facebook.
Takeaways

Bankruptcy can provide a fresh start and a clean slate for individuals and families experiencing financial hardship.
It's important to seek professional advice and do thorough research before deciding to file for bankruptcy.
Bankruptcy can have a positive impact on credit rating and the ability to borrow money after the bankruptcy period.
Having a positive money mindset is crucial for overcoming financial struggles and rebuilding after bankruptcy.
The Bankruptcy to Bliss podcast aims to provide support, training, and advice for individuals going through bankruptcy or financial hardship.

Find out more about my next workshop Thriving Together: A 1/2 Retreat for Mums and Teen Daughters by clicking here

Next Episode

Practical Steps I Took to Turn My Finances Around

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Important Links

Get your free downloadable Financial Recovery Roadmap here.
Register for my free Masterclass Rebuilding After Bankruptcy: Your Step By Step Success Plan here.

Louisa Larado shares the practical steps she took during her bankruptcy to improve her financial situation. These steps include opening herself up to better opportunities, learning new skills, creating multiple streams of income, streamlining her banking and expenses, living within her means, and working on her money mindset. By taking these steps, she was able to turn her financial situation around and create a better future for herself and her family.
Takeaways

Open yourself up to better opportunities to earn money
Invest time and money in learning new skills and educating yourself in personal finances
Create multiple streams of income
Streamline your banking and expenses
Live within your means
Work on your money mindset

Chapters
00:00 Introduction
03:43 Learning New Skills and Educating Yourself
13:57 Streamlining Banking and Expenses
24:58 The Game-Changing Step: Working on Your Money Mindset
29:53 Conclusion

Find out more about my next workshop Thriving Together: A 1/2 Retreat for Mums and Teen Daughters by clicking here