The Money Mindset Podcast

Whether you want to start your own business or a side hustle to help pay off your debt - one thing you should focus on first is your mindset!

Listen in as Nicole shares why having the right mindset is key to your success, tips on how to get started, how to manage mum life with business life and what you can do to make money for paying off your debt.

Meet Nicole...

I am a homeschooling Mom located in the San Francisco Bay Area. I am the founder of Fbombs & Booze. Which is a drinkware brand. We handmake wine glasses and tumblers with snark sayings and the heavy use of profanity. I quit my 6 figure job without a backup plan to save my mental health.

My products are sold on several eCommerce sites and are in over 100 shops and boutiques internationally. I am also a 1:1 coach for Women-owned handmade product-based businesses to help them scale their businesses.

“Options are endless and you are fully capable and there are so many people around that are willing to help you.”
- Nicole Chenault

Timestamps
04:14 - Nicole's Story
09:17 - Tips on getting started with a side business
14:06 - Mindset first
16:27 - Managing mum life and business life
20:38 - Tips for making money to pay off debt
24:40 - Last words of wisdom

Want to take the stress off your shoulders? Ready to learn how to create AND stick to your budget?! Check out my Free Workshop: How to Create and Stick to a Budget (even when you are overwhelmed)! Go to budgetsmadeeasy.com/workshop and get started today.

And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes.

Resources and Links Mentioned:

• Free Workshop: How to Create and Stick to a Budget: budgetsmadeeasy.com/workshop
• Code BUDGETS will give you 20% off our entire website: https://fbombsandbooze.com/?ref=b9H8wnL9

Book Recommendation:

• You are a badass at making money by Jen Sincero (affiliate link): https://amzn.to/3MWSm54

Connect with Ashley:

• IG: www.instagram.com/budgetsmadeeasy

Connect with Guest:

• IG: www.instagram.com/fbombsandbooze
• Facebook :www.facebook.com/fbombsandbooze
• Website: https://fbombsandbooze.com
• TikTok: www.tiktok.com/fbombsandbooze
• Pinterest: www.pinterest.com/fbombsandboozetumblers

Special Guest: Nicole Chenault.

Investing in real estate can often feel daunting and overwhelming. You don’t know where to start or understand all the jargon.

The key is to get educated so you can make informed decisions. Listen in as John shares why it’s important to buy over renting, when you should move from your home, dealing with renters, the right insurance and what options you have with zero or low credit.

A little bit about John...

John Papaloni was born and raised in Etobicoke, often referred to as Toronto’s West End. From an early age John developed a passion for buying and selling and this has led him on the journey as a successful business entrepreneur and now highly focused Real Estate Agent working in the Greater Toronto Area.

John Papaloni has a commitment to his clients that is unmatched and a passion to deliver Top Value through mastering all the latest technologies and engaging in the most effective marketing campaigns! John is well on track to achieving various awards in the real estate industry that will set him apart from the rest.

“Don't wait to buy real estate. Buy real estate and wait.” - John Papaloni

Timestamps
03:23 - John’s Story
06:55 - Don't wait to buy real estate. Buy real estate and wait.
08:21 - Buying over renting
09:31 - When it makes sense to move
11:19 - Dealing with renters
18:05 - Insurance for covering damages
22:02 - Insurance when renting out your own home
32:39 - Last words of wisdom

If you need help paying off your debt, go to budgetsmadeeasy.com/debt for your Paying Off Debt Starter Kit. This will help you really get going on your journey to longer-term investing strategies.

And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes.

Resources and Links Mentioned:

• Paying Off Debt Starter Kit: www.budgetsmadeeasy.com/debt

Book Recommendation:

• Compound Effect by Darren Hardy: (affiliate link) https://amzn.to/3OjdfZ0

Connect with Ashley:

• G: www.instagram.com/budgetsmadeeasy

Connect with John:

• IG: www.instagram.com/johnpapaloni
• Facebook: www.facebook.com/papaloniteam
• Website: www.papaloniteam.com

Special Guest: John Papaloni.

Making SMART goals is the best way to actually achieve your goals in the New Year. It's not enough to make New Year resolutions and then never acting on them. These 5 simple steps will set you up for success for the entire year, not just January.

Resources mentioned:
FREE $250 in 5 Days Saving Challenge
12 Monthly Saving Challenges

Full Transcript:
Welcome to the money mindset podcast where you will find the inspiration and motivation you need to manage your money better so you can stress less and live the life you want. Hey guys, it's Ashley with budgets fade easy and of course the money mindset podcast. Today I want to talk about how you can crush your [inaudible], your goals
in 2020 so we got some big things that I really want you to accomplish this next year and it takes planning now. And so to get ready to really crush your goals next year, we're going to talk about five simple steps to get you there. And we are also going to do a free savings challenge in my free Facebook group. You can go to budgets made easy.com/saving-challenge and of course I'll link to it in the show notes, but the free challenge savings challenge starts on January 10th and it will be to save $250 in just five days. So it'll help you get started on your, um, $1,000 small emergency fund so that you can get started on paying off your debt. So you've got to save money first and then start paying off debt. So January is all about getting that thousand dollars saved in this challenge. We'll get you a quarter of the way there and we'll give you the tools and tips and tricks to get you the rest of the way there.
But I really want you to focus and hone in on getting that savings goal done in just five days, $250 in five days and tons of little tips and tricks to get you there. So it's free to sign up. Go to budget's made easy.com/saving-challenge and it will get you there. And then you can also, whenever you sign up for that, you will get a special one time offer and it's only valid for 20 minutes to get a special discount on the monthly savings challenges as well. So go ahead and check that out. There's a different savings challenge for every month. Different things to do to kinda change it up, make it fun and interesting throughout the year. But remember, I want you to save this thousand dollars as quickly as possible. I don't want you to take the whole year to save up your thousand dollars, but each month has different challenges to just kind of make it fun, build new habits so that you can really reach your goals next year.
So, you know, it's the time of the year that we are beginning to think about next year and our new year's resolutions. And then around March, April we start to lose steam and we just stop focusing on our goals. If we, even honestly, if we even made it to April, you know, March is about the time that people start to lose traction on their new year's resolution. So I don't you to make a new year's resolution that you can't keep. Like I want you to be very intentional about why you want to reach this goal and how to get there. So you know, in order to start paying off debt and saving money, you will stress less. You'll be able to save more and you'll be able to really gain confidence and hope in your financial situation. Because that's the big thing that I want you to accomplish is just have hope.
And whenever you make your plan, that gives you hope, even if you haven't accomplished anything yet on your goals, just making the plan, you can see that it's possible and that you can do it. And that just really helps give you momentum. So there's five steps to reach your goals next year. And it's called smart goals. If you haven't heard of smart goals, they're my favorite. Uh, you know, you're their specific, I forget, I forget what all the acronyms are, but basically it's to make specific measurable, um, realistic, timely, and, um, I always forget what the a is, but you know, it's to be specific and make measurable and timely goals. That's the big thing and goals that you can actually do. So, you know, actually, you know, if you're 60 years old, you know, are you going to be able to run a marathon? Well, you can.
Um, but it's going to take a lot of practice and a lot of work and you may not physically be able to. So, you know, it needs to be a goal that you can actually do in the timeframe that you set. So I want you to be realistic about your goals. And in order to make your smart goals, it takes some planning out. So in deciding on some major benefits of your life, you know, for one, it helps you make progress and not stand still in life. It helps you be successful in life in many ways, not just in your finances. Like you can make smart goals for anything. Um, but you know, setting financial goal...

This is my story of how I paid off $45,000 in just 17 months while working as a detective.

Resources:
Full Story
Debt Snowball Bundle

Follow me at:
[Instagram](www.instagram.com/budgetsmadeeasy)
[Facebook](facebook.com/budgetsmadeeasy )
[Twitter](twitter.com/budgetmadeeasy )
[Pinterest](pinterest.com/budgetsmadeeasy )
YouTube

Full Transcript:
Today I want to talk about paying off debt because it gives you so much freedom. You're able to do the things that you want, save for the things that you want when you're money isn't going to things that you've already paid for already bought, you know it's, it's stuck in the past, you're still paying for the past. Let's start paying for the future and saving for the future and that is possible when you are debt free. All right, so my journey starts back in 2012 we'll start there. I'll try and you know, make this quick, but I want to give you just kind of the overall picture. So in November of 2012 we bought our dream house. We sold our starter home. That just really didn't work well for our family and bought our dream home.
10 acres, uh, had a big shot for my husband. Uh, those, you either don't know him, he's a big car guy does. Um, he works in racing, like cars are his thing. I always have been. So this as a 40 by 60 shot, 10 acres would it, you know, we're, we're out in the country but close enough to uh, grocery shores and stuff like where it's just really convenient and it's just works very well for our family. Well, shortly after we bought our dream home, actually like two months later, um, we found out that I was pregnant with our second child. Our first child was only 18 months, somewhere in there. Whenever we bought our house, well, our new house, the property, everything was great. But the house, the layout didn't work. It had, it was basically a small two bedroom with a separate in law suite that had a small bedroom, a living room, kitchen, bathroom, all that.
But it was only accessible through the garage or outside. So this was not going to work for two kids because our second bedroom and the main house was like, it's so small, it's barely big enough for an office. Like you can barely fit a twin size bed in there. So two cribs were not gonna work like in, there's three doors because there's a door to a bathroom, the main door and the closet door and there's like no room in there. So what we decided to do was to enclose the screened in porch and connect the in-law's suite to the main house. I would add a bedroom at a place space and then make it flow where we can get to the whole house without having to go outside, you know, would work better for do's little kids. Right. So we were trying to where options, figure out how the heck we were going to pay for this.
So we got a couple estimates and it was going to be like $25,000 to do this. And that is with the roof already being there and the foundation aren't even being there. We're literally just in closing the screened in Porch area and you know, finishing touches and it was still $25,000 okay. So we're weighing our options. We just bought this house, there's no equity in the house. And my husband started talking to people that he work with that we thought, you know, were financially savvy. You know, they seem to know what the heck they were talking about with money and things like that. They told us to do a 401k loan. A, it's a low interest rate. You're really paying yourself back and you know, if you lose your job, you know you've got other options and your income will be lower. So it really won't be that big of a deal.
Well I hope you can see where this is going. So we finished the renovation, the money is spent and gone. We have our second child, newborn. I returned back to work in January of 2014 I come home like the first week of January, just are the new year. Literally just went back to work. I was a detective at the time, and I walk in the door and my husband's already home, which was kind of odd because he doesn't get home before me. And I can tell by the look on his face, something is not right. But he is a jokester. And he, even after being together almost 20 years at right now, I still can't tell when he's joking sometimes. So I was like, okay, what's going on? And he says, I lost my job today. And I thought he was kidding. I'm like, you're joking. You know, you did not.
He's like, no, for real. I lost my job. And I could tell that he was being serious. And so after, you know, I panicked and freaked out and cried and all that stuff. You know, I looked through our savings, um, talked to...

Do you want where you invest your money to align with your goals? Want to know exactly where your money is going, what it’s doing and who it’s supporting?

Listen in as Brian shares with us what value based investing is. What is ESG and how to find out if you're working with or investing in a company that aligns with your values. He also shares some great tips on what to do if you’re a business in the industry and want to become more value based focus.

Meet Brian...

Brian helps people understand not just what to do, but how and why they should do it. Part teacher and part financial therapist!

Brian has been in the Financial Services Business since 2003, working with a diverse group of clients representing a slice of the Washington DC marketplace. As a native of the Washington area, he grew up in Chevy Chase, Maryland, attending high school in Bethesda. He founded The Haney Company with his father in 2013, combining 2 generations of industry experience. With more than a decade of experience in Banking, Investments, Asset management and Insurance, Brian's expertise and keen insights provide organizations, businesses and individuals with unique and innovative strategies to meet their insurance needs and financial goals.

“Have a vision for your life and the type of person that you are. Center yourself. What are the values that are really important to you? Find resources and approach professionals that understand this and are willing to help you carry that forward. Be practical about it and take your time.”
- Brian Haney

Timestamps
03:19 - About Brian
06:08 - Business of Pride Award
08:50 - What is value-based investing?
11:21 - What is ESG?
13:04 - How does a company meet an ESG criteria?
14:37 - Where can you get advice on investing in the right company?
17:23 - Investing Strategy: all in for ESG or a combination?
20:20 - Can lower investments in an ESG be done on your own or through an adviser?
22:40 - How can a business in this industry become more value-based focused?
25:15 - What to keep in mind when learning about ESGs
28:05 - Checking if a business aligns with your values
30:36 - Brians values and 10-year plan
34:55 - Book recommendation: When by Dan Pink

If you need help paying off your debt, go to budgetsmadeeasy.com/debt for your Paying Off Debt Starter Kit. This will help you really get going on your journey to longer-term investing strategies.

And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes.

Resources and Links Mentioned:

• Paying Off Debt Starter Kit: www.budgetsmadeeasy.com/debt

Book Recommendation:

• When by Dan Pink (affiliate link) https://amzn.to/39t8uh4

Connect with Ashley:

• IG: www.instagram.com/budgetsmadeeasy

Connect with Guest:

• Facebook: https://www.facebook.com/thehaneycompany
• Website: https://www.thehaneycompany.com/
• Twitter: https://twitter.com/TheHaneyCompany

Special Guest: Brian Haney.