Kids seldom have full comprehension of the implications of their actions. They see what their parents and friends do, and follow suit. But often they don’t understand what will or can happen as a result. When it comes to managing money, following suit may be a very risky approach. This week, we cover the detriments that can happen when kids and credit cards get mixed together.
“The Heart of Money podcast, hosted by Austin Block and Bob Wessler, recently completed its first season with 52 episodes. Focusing on monetary impacts in life and smarter financial decisions, the podcast had revealed the hosts’ experiences, offered money management tips, and welcomed guests to diversify the conversation. The hosts acknowledged the growth of their male listenership, besides various technical challenges faced. The conversations typically covered budgeting, investing, retirement, and spending habits, alongside personal stories from the hosts. They plan to review the top five episodes for audience engagement. Discussions also included personal budgeting habits, care for personal belongings and a ‘four walls’ budgeting principle. The hosts highlighted the importance of financial mindfulness and intentionality in everyday actions. Lastly, they also discussed Matthew McConaughey’s philosophy of constant gratitude and expressed enthusiasm for their upcoming season two.”
In “Heart of Money” podcast episode, hosts Austin Black and Bob Wessler interact with Dana Shea Williams, a relationship coach, about managing finances within a relationship. Dana shares her personal experiences of contrasting money management styles with her husband, highlighting how they learned to balance each other’s attitudes over time. She emphasizes the importance of understanding, rather than agreement, in dealing with financial matters in a relationship. Dana also underscores the impact of underlying beliefs around money and the importance of sustaining the desired lifestyle over mere accumulation of wealth. Towards the end, Dana suggests listeners to expand communication, develop mutual understanding, and focus on the bigger life picture to manage financial conflicts. She urges couples to discuss financial matters due to its prominence as a cause for divorce. The hosts appreciate Dana’s insights and look forward to future discussions.
In the 50th episode of the Heart of Money podcast, host Austin Black and guest Tony Bradshaw discuss their belief that everyone should aspire to or be a millionaire. They discuss the importance of effective financial decisions, individual money management methods, and shared financial goals in relationships. Bradshaw, from poverty, became a millionaire by age 40 thanks to his strong work ethic and a shift in mentality towards abundance. He functions as a financial mentor through his show, ‘The Millionaire Choice’, and accompanying book. Sharing his financial journey, he advised couples to align their financial goals to avoid potential marital issues. The discussion concluded with an emphasis on understanding each other’s financial mindsets, working towards common goals, and embracing opportunities.
Austin Black and Bob Wesser, hosts of the Heart of Money podcast, discussed the influence of money and strategies for efficient money management in a recent episode. They examined the “Shiny Object Syndrome” and expressed their skepticism about volatile investment trends like cryptocurrency and hasty real estate flipping. They encouraged diversified, long-term investments, and understanding one’s risk tolerance based on individual circumstances. The hosts also highlighted how COVID-19 led to an influx of money into the market. Concluding, they reminded listeners to avoid “get rich quick” schemes and instead focus on consistent, long-term investments for wealth accumulation.
“The Heart of Money podcast featured David Lee and Paige Stewart, founders of ‘Daring Deeply Life Coaching’. Their service aims to support individuals and couples seeking emotional healing, personal growth, and transformation by combining trauma healing with exploring masculine and feminine energies. The importance of harmonizing these energies within oneself and relationships was discussed, alongside the dynamics these energies contribute to. Topics of conflict and passivity arising from clashing or duplicating energies, as well as inversion in energy polarity, were also presented. Effective communication, especially regarding financial matters, was emphasized, with one speaker, Owen Austin, sharing personal experiences. The meeting also introduced a program to aid couples in financial discussions and covered societal expectations and stereotypes. Finally, attendees were advised on how to improve relationships and were directed to their Facebook community and podcast for continued support.”
In Episode 47 of the Heart of Money podcast, hosts Austin Black and Bob Wessler focused on the subject of stewardship and negotiation. They stressed the essentiality of confidence, knowledge, and the strength to retreat during negotiations. They offered strategies such as setting initial negotiation parameters with a low offer, embracing silence, and readiness to refuse. They further underlined that the first offer is usually not the lowest and advocated for strong negotiation. The episode concluded with the introduction of a new tool, the Money and Marriage Success Guide, designed to aid couples in achieving financial harmony. The hosts invited listeners to share their negotiation tips on social media.
In Episode 46 of the Heart of Money podcast, hosts Austin Black and Bob Wessler explore the importance of negotiation in financial management and wise purchasing. Black approaches negotiation from a research and value-driven standpoint, while Wessler prefers extensive research and seeking fair deals. The hosts address apprehensions about negotiation, particularly among women, advocating for it as a tool for smart purchasing decisions. Tactics for buying vehicles and large items are discussed, emphasizing pre-purchase research, understanding the item’s worth and readiness to leave a deal if the price isn’t suitable. They caution that cash might not confer the expected negotiation advantage unless disclosed after deciding the final price. The hosts provide book recommendations on negotiation and promote their online community. The following podcast episode promises to cover more low-pressure negotiation strategies.
In the 45th episode of the Heart of Money podcast, hosts Austin Black and Bob Wessler explored the concept of financial stewardship, including personal financial management experiences and insights on spending and investing. Austin emphasized the need to understand stewardship in the context of money management, while Bob underscored the importance of being a mindful spender, especially for necessities like food and shelter. The hosts briefly discussed the Christian understanding of stewardship and highlighted the significance of purposeful investing and diversification. They also hinted at a future discussion on negotiation strategies.
The 44th episode of “The Heart of Money” podcast, hosted by Austin Black, had Sarah, a renowned business coach, author, and philanthropist as a guest. The talk centered on smarter money decisions, financial management strategies, and the intricate balance between personal and entrepreneurial life. Drawing experiences from her own journey, Sarah emphasized the importance of financial and emotional support in business ventures, particularly for couples. She advised formal financial agreements in a relationship when embarking on a business path. During the conversation, the concepts of including spouses in decision-making, financial responsibility, and the potential for a training program to enhance financial discussions among couples were discussed. The talk concluded on a note emphasizing relentless adaptiveness for success in any field and the significance of recognizing the partner’s contributions to a business.