Smart Money Mamas Show
How to Take Small Steps to Reach Your Big Goals

How to Take Small Steps to Reach Your Big Goals

August 17, 2020

#059:  In today’s episode, I’m talking to all you high-achievers who are getting stuck because you need to be able to check all the boxes to dive in. It’s time to reframe what you know about traditional goal-setting. I’ll even share the story of how Smart Money Mamas started with a simple blog! We’re talking about why taking small steps and consistent action is powerful, why big goals can lead to big disappointments, and why there are no regrets in taking small steps. 

(07:00) Learn why your Step #2-10 will only be illuminated once you take Step #1 

(08:55) Listen to see if this is your #1 objection when it comes to taking small steps 

(9:18) Why you need to reframe your goals to focus less on the destination 

(16:30) Check out the small steps Chelsea took that lead her to develop what is now Smart Money Mamas 

(20:20) Why there’s no such thing as a wasted step on this journey 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/59

Design Your Passion Project Workbook: https://smartmoneymamas.com/passion-project-workbook/

How to Get Unstuck and Why You’re Not Really Lost with Maxie McCoy

How to Get Unstuck and Why You’re Not Really Lost with Maxie McCoy

August 13, 2020

#058 In today’s episode, I’m talking with Maxie McCoy, She is on a mission to help women believe in themselves and break out of the mold they were never meant to fit in the first place. We’re going to discuss the specific steps you can take to get unstuck, why your past success is the best predictor of your future success, and why you should be more focused on the direction than the destination. 

(07:10) Listen as Maxie breaks down the steps for deconstructing when you are feeling lost, stuck, or you’re just playing small 

(15:30) Hear about the moment she realized she needed to break the mold in her own career 

(21:43) Why Maxie believes investing in yourself is a game-changer and how she almost missed her chance to become an author 

(26:30) How Maxie learned first-hand how that next big goal can be a bit  of an evaporating horizon line 

(31:30) Why all the years you’ve invested in building a career are NOT a waste if you’re ready for a change 

(47:46) Chelsea’s Top Takeaways 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/maxie

Discover Your Passion Project Workbook: https://smartmoneymamas.com/passion-project-workbook/

How to Know When You Need a Passion Project

How to Know When You Need a Passion Project

August 10, 2020

#057: Have you ever felt like you’re just not doing what you’re meant to do? Like your life is on autopilot and things are mostly great, but lacking that on fire, purpose-driven energy you used to chase? It might be time to consider a passion project. 

Today, I’m sharing five signs you need a passion project. 2020 has forced us all to take a closer look at our lives - what matters, what we want, what we most need to thrive. This is the perfect time to reset and do something just for you. It could change your whole life! 

Find jump links to the 5 signs below: 

(02:21) When you don’t feel like you’re being true to yourself.

(05:22) When you’re overwhelmingly busy, but also bored. 

(08:05) When you dread going to work in the morning. 

(12:03) When you’re feeling stuck. 

(13:59) When you have an idea you keep saying “someday” to. 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/57  

Free Design Your Passion Project Workbook: https://smartmoneymamas.com/passion-project-workbook/ 

How to Refuse to Accept Limitations and Thrive with Tasha Cochran

How to Refuse to Accept Limitations and Thrive with Tasha Cochran

August 6, 2020

#056 In today’s episode, I’m talking with Tasha Cochran, co-founder of One Big Happy Life. Tasha is a perfect example of someone who has gone against the grain at just about every turn from joining the marine corp just out of high school, to buying a house as a single mom, to graduating from Yale with a law degree she used to protect minorities and women from housing and loan discrimination. Tasha shares how her career journey unfolded in waves, how she made difficult decisions, and how that ultimately led her to growing a business she loves that works on her terms. 

 

(07:23) How Tasha was able to ditch the narrative that being pregnant at 19 meant her life was “over” 

(12:32) How she made a spending plan to give her the freedom to explore her next career 

(18:54) Money or Passion: How Tasha’s motivations drove her decision-making 

(28:07) What’s being done to close the gap in racial wealth inequality today and address housing discrimination 

(38:23) Discover how One Big Happy Life actually evolved from a YouTube channel for natural hair care 

(56:36) Chelsea’s Top Takeaways 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/tasha

Design Your Passion Project Workbook: https://smartmoneymamas.com/passion-project-workbook/

4 Things You Need to Know About Passion & Purpose-Driven Work

4 Things You Need to Know About Passion & Purpose-Driven Work

August 3, 2020

#055: Have you been thinking of starting a side hustle or passion project? Whether you’re seeking an extra stream of revenue in these uncertain times or you just want to find more fulfillment in your work, it’s all worthwhile. Times have changed dramatically since our parents started their careers, and it’s time to take note of this. Today, I’m sharing four things to consider that will help you rethink some of those old narratives about what it means to pursue passion and purpose-driven work. It’s time to make that passion work for you. 

 

(04:22) Recognize that passion and purpose-driven work can pay well 

(07:18) Why your passion isn’t static and it’s okay if you don’t know what yours is right now 

(9:18) Why it’s important to know that just because you love it, doesn’t mean it’s always fun 

(12:03) Why you shouldn’t be afraid to start small 

(16:19) Why you can’t afford to wait to build your passion and purpose-driven business 

 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/55  

Design Your Passion Project Workbook: https://smartmoneymamas.com/passion-project-workbook/

How to Make Power Moves to Find Your Successful Career with Lauren McGoodwin

How to Make Power Moves to Find Your Successful Career with Lauren McGoodwin

July 30, 2020

#054: In this episode, I’m talking with Lauren McGoodwin, author of Power Moves: How Women Can Pivot, Reboot, and Build a Career of Purpose. She is also the founder of Career Contessa, where she helps women build successful and fulfilling careers on their terms. Lauren’s genius lies in helping identify every size of power move you can make when you stop waiting for your dream job. We talk about why your career path looks more like a jungle gym than a ladder, why hustle culture needs to die, and why your fear of money can keep you stuck in a career you loathe.  

 

(03:00) What a power move is and why they need to be a part of your daily life 

(09:08) How we can figure out what we actually want in a career rather than just being reactive to what’s going on in this world 

(19:14) How can we focus on self-care at the office to make sure we’re avoiding burnout 

(26:55) How we can continue to develop good relationships with co-workers and make new relationships all while we’re working from home 

(34:43) Why your fear of money might be preventing you from pursuing higher-paying jobs 

(46:26) Chelsea’s Top Takeaways 

 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/lauren 

 

Free 200+ Home Business Ideas: https://smartmoneymamas.com/home-biz-ideas/ 

July Mailbag: Retirement Accounts, Investing for Kids, & Side Hustle Management

July Mailbag: Retirement Accounts, Investing for Kids, & Side Hustle Management

July 27, 2020

#053: For this episode, we asked the mamas in our free Mamas Talk Money Community on Facebook to send us their questions. If one person in our community has a question, there are no doubt others wondering the same thing.  

 

Today we’re going to discuss saving for retirement for stay-at-home spouses, investing for kids, when to create an LLC for your business, handling taxes as a business owner, and more!  

 

(01:13) What would be the best retirement account to open for my husband who earns an income but stays at home with the kids? Spousal IRA or his own?  

 

(02:52)  If I want to open an investment account, but not have to monitor it all that much, would I need a robo advisor like Ellevest, or is there an option with Fidelity/Vanguard that is fairly hands-off and doesn’t have the .25% fee?  

 

(06:32) What is the best way to move money from my kids’ regular saving accounts to an actual investment account so that they can get a better than 1% return on their money?  

 

(11:20) When does it make sense to register a side-hustle as an LLC?  

 

(14:50) I opened a Roth IRA with Vanguard! Is there anything to keep in mind when allocating funds to get the most tax advantage? What considerations should someone take when allocating funds in a Roth vs Traditional IRA?  

 

(17:55) I have a new virtual assistant business but it’s the first time I’ve worked without having taxes taken out and I’m nervous about owing a lot at the end of the year. What should I keep in mind to prepare?  

 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/53  

 

Money Mamas Guide to Investing Template:  https://smartmoneymamas.com/mamas-investing-guide/ 

How to Own Your Success As a Breadwinning Mom with Sarah Li-Cain

How to Own Your Success As a Breadwinning Mom with Sarah Li-Cain

July 23, 2020

#052: In today’s episode, I’m talking with Sarah Li-Cain, finance writer and host of the podcast, Beyond the Dollar. Sarah’s approach to personal finance - blending practical tips and mindset strategies - has led her to become the breadwinner of her family. So for today’s topic, we’re going to discuss why there are still taboos about breadwinning moms, how Sarah’s career grew to take her from teacher to stay-at-home mom to breadwinner, and why she wants more moms to feel confident becoming and being a breadwinner at home. 

 

(01:56) Sarah’s journey to becoming a breadwinning mom  

(13:57) How we can be better at owning our earning power and not be afraid to be proud of what we’re earning   

(19:46) How childcare and housework has shifted for Sarah’s family since she started earning so much more  

(27:45) How Sarah went from frugal DIYer to paying for value over price 

(32:03) How Sarah became a freelance writer by accident   

(46:40) Chelsea’s Top Takeaways 

 

Looking for more information, mama? Visit the show notes at  https://www.smartmoneymamas.com/sarah

 

Free 200+ Home Business Ideas: https://smartmoneymamas.com/home-biz-ideas/ 

5 Simple Ways to Crush Emotional Spending for Good

5 Simple Ways to Crush Emotional Spending for Good

July 20, 2020

#051: In today’s episode, we’re covering a topic that we’ve all been guilty of—emotional spending—and 5 strategies that will help you reduce emotional spending and prevent it from happening in the future. We’ll take a deep dive into the difference between emotional spending and mental health spending, learn how to identify your spending triggers, and most importantly, how to create a plan to crush emotional spending for good. 

(01:46) Strategy 1: How to know the difference between emotional spending and mental health spending 

(05:22) Strategy 2: How to identify your emotional spending triggers  

(10:03) Strategy 3: How to re-route your emotional triggers 

(18:01) Strategy 4: How to create a plan for your impulse spending  

(19:36) Strategy 5: How to keep your goals and values front and center 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/51     

Family Money Values Template:  
https://smartmoneymamas.com/family-money-values-template/ 

How to Be a Hero in Your Finances so You Can Build Wealth with Candice Latham

How to Be a Hero in Your Finances so You Can Build Wealth with Candice Latham

July 16, 2020

#050: In today’s episode, we’re talking to Candice Latham, who has built a personal brand that helps people be the hero in their finances, get out of debt, and build wealth. Candice also used her skills from her 9-5 agency job to start her own design business on the side, which allowed her to reach her big money goals—like paying off $47,000 in debt and going from a negative net worth to positive one—much faster. We’re going to discuss how our histories with money impact our money beliefs and behaviors, what moved Candice from just learning about money to actually getting out of debt, and how you can grow your wealth. 

(02:23) Candice explains why race and politics are so deeply tied to money  

(05:58) After college, Candice began her debt-free journey and she shares her story of how she did it 

(11:23) Her strategy for how she paid off her credit card debt, which included a “Debt Slaying Challenge” 

(18:45) Why she started her second business on top of her full-time income from marketing 

(26:33) Candice’s advice on where you can get started with your own debt-free journey 

(32:08) Chelsea’s Top Takeaways 

Looking for more information, mama? Visit the show notes at https://www.smartmoneymamas.com/candice 

Free Debt Payoff Trackers:  
https://smartmoneymamas.com/debt-payoff-trackers 

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