A Millennial Mom's Guide to Managing Money with Catherine Alford

10/08/21 • 103 min

Financial literacy is one of the life skills many of us have a hard time developing and don’t pay attention to. When it comes to moms, managing money can easily become a headache as they already have a lot on their plates. And with all the tech quirks of modern society, such as influence social media, it can be even harder to make savvy financial decisions. That’s why we decided to have a deep conversation with someone who specializes in helping moms develop their money management skills. Catherine Alford, the author of ‘Mom’s Got Money: A Millennial Mom’s Guide to Managing Money Like a Boss,’ joins us on the podcast today to share her wisdom with our listeners.

I am super motivated by all of the moms who I haven’t reached yet who I haven’t helped yet, says Catherine. We start the conversation by talking about what motivates her and the experiences that inspired her and led her to write her book. Catherine mentions that she had to face 28 rejections over a period of four and a half years before finally getting her book published. We talk about how she was able to stay strong and push through all these obstacles until she reached her goal and advice she has for people who are facing rejections while pursuing their goals.

Getting into the core concepts Catherine covers in her book, we talk about the mindset we generally have towards money, how emotional labor affects our lives, and how to develop a growth mindset. We also dive into some of the money management concepts, including net worth, goal setting for families, family budget meetings, eliminating high-interest debt, cash flow management, and developing a wealth mindset. Wrapping up the episode, Catherine shares a story of how maintaining an emergency fund helper her with an unexpected disaster and some tips and tricks for deciding how much you should allocate for an emergency fund.

Connect with Catherine

Website: catherinealford.com
LinkedIn: linkedin.com/in/catherine-alford-8b983049/

Mentioned in the Episode

The Prosperous Coach: Increase Income and Impact for You and Your Clients
by Rich Litvin and Steve Chandler :
amazon.com/Prosperous-Coach-Increase-Income-Clients-ebook/dp/B00CLLACTA

Existential Kink: Unmask Your Shadow and Embrace Your Power by Carolyn Elliott:
amazon.com/Existential-Kink-Unmask-Embrace-getting-ebook/dp/B07XMG4BWN

Connect with Catherine

Website: catherinealford.com
LinkedIn: linkedin.com/in/catherine-alford-8b983049/

Mentioned in the Episode

The Prosperous Coach: Increase Income and Impact for You and Your Clients
by Rich Litvin and Steve Chandler :
amazon.com/Prosperous-Coach-Increase-Income-Clients-ebook/dp/B00CLLACTA

Existential Kink: Unmask Your Shadow and Embrace Your Power by Carolyn Elliott:
amazon.com/Existential-Kink-Unmask-Embrace-getting-ebook/dp/B07XMG4BWN

Previous Episode

Creating Kindness in Your Life and the World Around You With Donna Cameron

Kindness is one of the beautiful things that always make our lives better in some way, shape, or form. The more we practice kindness, the better we’ll feel and the better our relationships will be. In today’s episode of the Pursuit of Learning, we’re having a deep conversation with someone who has mastered the art of being kind. Donna Cameron, the author of the multi-award-winning book, “A Year of Living Kindly: Choices That Will Change Your Life and the World Around You,” joins us today to talk about all things kindness.

We kick off the conversation with a brief review of what motivated Donna, the story of what led to the realizations behind writing her book, some of the values we’ve lost as a society in recent years, and what we have to do in order to rebuild those lost values. Moving onto kindness, Donna explains two key distinctions we have to make; being nice versus being kind and being kind versus not being unkind. We talk about the role these definitions play when it comes to practices that help us be kind to fellow human beings.

According to Donna, kindness is a practice where we need to take certain risks, but it also comes with benefits. We talk about some of the scientific research that explains several benefits of being kind, such as being able to sleep better, enhanced creativity, and greater life satisfaction. We also talk about how corporations can cultivate a culture built around kindness and how we can practice kindness toward ourselves.

Just like in everything else in life, our path to kindness may also have some obstacles. We talk about some of these obstacles and some things we can practice in order to overcome these obstacles. Another concept Donna dives deep into is passing the gift of kindness to our future generations. She explains that when our children see us being kind to other people, they tend to absorb those traits of kindness, developing kindness within themselves as well.

Resources:

Connect with Donna

Donna’s Book:amazon.com/gp/product/B078FXP1BL/ref=dbs_a_def_rwt_bibl_vppi_i0
Website: ayearoflivingkindly.com
Facebook: facebook.com/DonnaCameron.author
Twitter: twitter.com/donnajcameron

Mentioned in the Episode:

The Nonviolent Communication Training Course by Marshall Rosenberg:
puddledancer.bookstore.ipgbook.com/nonviolent-communication--a-language-of-life-products-9781892005281.php

Next Episode

Stop Procrastinating and Get Started Now with Eric Twiggs

Taking the first step toward a goal or an achievement can seem easy and simple, but it may be the hardest step in some scenarios. Many of us find ourselves in situations where we procrastinate these actions due to a plethora of reasons. This very issue is what our guest today has dedicated his career to addressing. Eric Twiggs, Certified Executive Coach, speaker, and the author of “The Discipline Of Now: 12 Practical Principles To Overcome Procrastination,” joins us today to talk about how procrastination gets in our way to success and how to overcome the habit of procrastination.

We start the conversation focusing on Eric’s book, the content of it, and the target audience of the book. Getting into the core concepts of his philosophy, Eric dives into how the gap between our intentions and the way of execution can lead to procrastination. He also talks about the consequences of procrastination that come in different forms, such as stress, reduced creativity, damages to our reputation, and even some health implications that often go unnoticed but are caused by procrastination.

Another concept we discuss in-depth is vision. Concepts like vision statements, missions, and core values are predominantly used in the corporate arena, and we don’t see them being used in personal spaces as often. Eric beautifully translated these concepts in a way we can fit them into our personal lives and utilize them to achieve our goals. We also talk about the negative effects of having a vision without taking any actions and why we’re less likely to procrastinate when we’re working on something we’re really passionate about.

Being a perfectionist is one of those things that may get in our way to progress, and it can sometimes lead to procrastination as well. Eric shares his thoughts on some of the factors that become obstacles in our way to success, including perfectionism, fears, and negative mindsets. He also shares with us some strategies our listeners can utilize to overcome these obstacles. Wrapping up the discussion, Eric shares his thoughts on how building awareness about our own behaviors can help us overcome procrastination.

Resources:

Eric’s Book - The Discipline of Now:
amazon.com/Discipline-Now-Practical-Principles-Procrastination/dp/0692835008

Connect with Eric

Website: www.ericmtwiggs.com
LinkedIn: linkedin.com/in/erictwiggs
Twitter: twitter.com/EricMTwiggs

Mentioned in the episode:
The Big Leap by Gay Hendricks:
goodreads.com/book/show/6391876-the-big-leap

Bird by Bird: Some Instructions on Writing and Life by Abbe Lamott:
goodreads.com/book/show/12543.Bird_by_Bird

Mindset: The New Psychology of Success by Carol Dweck:
goodreads.com/book/show/40745.Mindset