Money & You with Michelle Perkins

Ep 230: The Investor's Secret: Live Like You're Already Retired

Overthinking holds you back. Action moves you forward.In this solo episode of Money & You, Michelle Perkins explores how overthinking quietly keeps people stuck financially — even when they believe they’re being careful, responsible, or “doing their research.”If you’ve ever delayed calling a financial advisor, avoided looking at your numbers, postponed opening an investment account, or told yourself you need to learn more before taking action, this episode is for you.Michelle shares why overthinking often becomes a sophisticated form of avoidance, how fear and self-doubt influence financial behavior, and why small actions create far more momentum than endless analysis.This episode is a reminder that confidence with money doesn’t come from knowing everything first. It comes from moving forward.In This EpisodeThe hidden financial cost of overthinkingWhy waiting for the “perfect plan” keeps people stuckHow fear disguises itself as responsibilityThe difference between learning and avoidingWhy emotions drive financial decisionsHow to create meaningful financial goalsSmall actions that build confidence and momentumWhy your relationship with money needs regular attentionEpisode Timestamps00:00 – Why overthinking quietly costs us money04:00 – The danger of waiting for the “perfect” financial plan09:30 – Information overload, fear, and avoidance14:00 – Why emotions drive financial decisions18:30 – Creating clear financial goals and taking action23:00 – Building a healthier relationship with money27:00 – Final thoughts and your next step“Thinking gets us pretty far. Learning gets us pretty far. But overthinking costs us money.”Key TakeawaysOverthinking often disguises itself as responsibility. At some point, more thinking stops helping and starts delaying progress.You do not need a perfect financial plan to begin: Confidence comes from movement, not from knowing everything in advance.Small financial actions create momentum: One phone call, one account, one conversation, or one decision can begin changing your relationship with moneyA Question to Take With YouWhere am I using “I need to think about it more” as a reason not to take the next step with my money?That question alone can reveal a lot.Your Next StepChoose one financial action you’ve been delaying and do it this week.Not perfectly.Not completely.Just intentionally.Movement builds confidence.Michelle’s InvitationIf you have a money or career question you’ve been overthinking, Michelle offers a free virtual coffee chat — a casual, no-pressure 20-minute conversation where you can bring one thing you’re wrestling with and talk it through.No judgment. No jargon. No sales pitch. Just clarity, ease, and a real conversation.Book your free virtual coffee chat: https://limitfreelife.com/booking/Connect With MichelleIf this episode resonated with you, share it with someone who may need encouragement around money, confidence, or taking the next step financially.Join the Limit Free Life® newsletter community:https://limitfreelife.com/newsletterLearn more about Michelle and Limit Free Life®:https://limitfreelife.comConnect with Michelle:Instagram: @livealimitfreelifeLinkedIn: Michelle M. Perkins MBAYouTube: The Limit Free Life Channel:https://www.youtube.com/@michelleperkins-limitfreel2446

In this episode of the Money & You Show, financial planners Russ Gaiser and Mike Hoeflich help couples transform Social Security from a risky guess into a strategic asset. They co-authored the #1bestseller “Beyond Break Even: The Essential Guide to Social Security Optimization” and lead Retirement Income HQ of America, where they build math-backed income plans that coordinate benefits, taxes, and portfolios.Together, they teach national workshops and consult one-to-one, focusing on survivor protection, tax efficiency, and sequencing risk in retirement. Russ brings an MBA, the CFP® mark, and CSSCS expertise. Mike holds an MBA, the CSSCS and CLTC credentials, and has educatedthousands through workshops and radio. Their approach is simple andrigorous: lower the lifetime cost of retirement, safeguard the widow or widower, and turn anxiety into clarity.They shared insights from their extensive experience in financial planning. They noted that many individuals lack awareness of how to effectively manage their wealth and Social Security benefits, leading to potential financial strain in retirement. The episode underscored the necessity of personalized planning and education regarding Social Security options, particularly for those who may not have a clear understanding of their entitlements. This conversation is vital as it aims to empower listeners with knowledge to make informed decisions about their retirement income strategies.00:01 - Introduction to social security 11:13 - Understanding social security benefits23:29 - Evaluating retirement income needs31:21 - Wealth distribution strategies40:56 - Navigating survivor benefits46:02 - Resources for retirement planning The hosts emphasize that claiming Social Security should not be seen as an obligation upon reaching eligibility but rather as a decision that requires careful consideration of various factors, including long-term financial planning.Social Security optimization refers to the strategic approach of determining the best time to claim Social Security benefits to maximize income over a retiree's lifetime, taking into account factors like inflation and the financial needs of surviving spouses.Many financial advisors may lack knowledge about Social Security claiming strategies and may hesitate to advise clients to spend down their wealth while waiting to claim benefits, which can lead to suboptimal financial decisions.Key Takeaways:Timing Matters: Claiming Social Security at the right time can lead to significantly higher benefits over time.- Personalized Planning: Each individual's financial situation is unique; a tailored approach is essential for effective retirement planning.- Understanding Benefits: Many people are unaware of the various benefits available to them, including those related to widowhood and divorce.Consultation Services: Russ and Mike offer complimentary consultations to help individuals navigate their Social Security options and retirement planning. https://incomeplanhq.com/contact/_______________________For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast:Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life

In this podcast episode of "Money & You," host Michelle Perkins discusses financial literacy and empowerment, particularly for women, with guest Irene Kelly, a bilingual financial educator and investment advisor. Irene's experience as a Latina woman and her work with WEV, which focuses on economic and gender equity, shapes her commitment to addressing financial education through a lens of inclusivity and empowerment.The episode underscores the importance of addressing financial education early, advocating for a shift from a scarcity to an abundance mindset. Irene notes that participants in their programs often experience a sense of agency and liberation as they confront their financial pasts and learn to navigate the financial system. The discussion also touches on the need for trauma-informed financial education and the role of community support in fostering financial empowerment.This episode aims to dismantle financial taboos and promote inclusive financial education, ultimately helping individuals take control of their financial futures.00:01 - Introduction to financial mindset 05:42 - Healing financial trauma17:15 - Building wealth through support28:35 - Empowerment and community growth34:59 - Understanding credit basics45:34 - Resources for financial empowerment The podcast emphasizes starting financial education with mindset and personal financial history rather than conventional banking formulas, aiming to heal past financial traumas before moving on to practical financial skills.Participants in WEV often struggle with feelings of discomfort around money conversations, limited financial literacy, and the need for support systems, which can hinder their ability to take proactive steps in their financial empowerment.Community is portrayed as a vital support system that fosters openness and curiosity, helping individuals feel empowered to take charge of their financial paths and encouraging them to engage in meaningful money conversations.Key Takeaways:Mindset Matters: Your relationship with money is foundational to your financial success. Healing past financial wounds can lead to a more empowered future.- Curiosity and Openness: Approaching financial education with curiosity leads to greater understanding and empowerment.- Community Support: Engaging with a community can provide the necessary support and encouragement to take charge of your financial journey.- Credit is one of our most powerful tools for building wealth: Deep dive into the challenges and opportunities around credit.- Invest in Yourself: Seeking expert help and investing in financial education is crucial for long-term financial health and well-being.WEV offers virtual, free credit building and other financial empowerment courses as well as other resources - reach out to WEV at: https://www.wevonline.org/financial-empowerment/___________________________________________________For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast:Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life

In the podcast episode of "Money & You," host Michelle Perkins engages with entrepreneur and coach Katrina van Oudheusden, former chef and now CEO of Truth Bomb Marketing. Katrina focuses on the unique challenges faced by female entrepreneurs. The discussion centers on the physiological, hormonal, and emotional differences between men and women in business, particularly regarding productivity and financial management. Katrina emphasizes the importance of understanding women's rhythms and how they impact business operations, advocating for a shift in mindset towards productivity that aligns with women's energy cycles. The conversation highlights the need for women to feel safe in their business environments and to prioritize self-care and intention over traditional goal-setting. Katrina introduces her program, "Create Her Business Rewire," aimed at helping women design marketing strategies that resonate with their experiences. This episode is significant as it addresses the often-overlooked aspects of women's experiences in entrepreneurship, advocating for a more supportive and understanding approach to business that acknowledges their unique needs. The insights shared aim to empower women to thrive in their businesses while fostering a healthier relationship with money.00:01 - Mindset and money connection 05:56 - Women in business dynamics15:25 - Understanding women's energy cycles25:00 - Planning for safety and success36:58 - Financial structure essentials42:26 - Automating financial strategies How does Katrina suggest women can improve their productivity in business?Katrina suggests that women should align their tasks with their energy cycles, particularly their infradian rhythm, which affects their productivity throughout the month. By planning tasks according to their energy levels, women can work more effectively and feel less overwhelmed.Katrina refers to 'time safety' and 'financial safety' as the need for women to feel secure in their time management and financial decisions. This includes planning for rest and reflection, as well as having a clear understanding of their financial structures to avoid the chaos often associated with running a business.What role does intention play in women's business planning according to Katrina?Katrina highlights that women prefer to set intentions rather than goals when planning their business activities. This shift in language helps women feel more aligned with their objectives and allows them to create a more personalized and fulfilling business strategy.Katrina points out that many entrepreneurs lack proper financial education and support. She advocates for a structured approach to managing income, suggesting that entrepreneurs should have a financial advisor and a clear plan for how to allocate their earnings, rather than treating their business finances as chaotic or secondary.Key Takeaways:Women can thrive in business by embracing their unique cycles and understanding their bodies.- Productivity should be redefined to align with women's energy levels and natural rhythms.- Financial literacy is crucial for entrepreneurs; understanding where money goes is essential for sustainable success.- Planning for rest and self-care is as important as planning for work and productivity.- Setting intentions rather than goals can lead to a more fulfilling and successful business journey.Contact Katrina:Truthbombmarketing.comCreatHER Money Revolution SummitFor more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast:Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life

In this episode of the Money & You Show, Michelle Perkins talks financial planning with her guest, Jennifer Strong CFP® AEP® a seasoned financial planner who has personal experience in navigating severe financial challenges and now helps others to do the same. The conversation emphasizes the importance of adapting financial strategies at different life stages and the necessity of regular communication between clients and advisors. The speakers highlight the emotional aspects of financial planning, including the stress associated with money management and the significance of estate planning and insurance.The episode underscores the need for financial advisors to understand their clients' broader life circumstances, as these can significantly impact financial decisions. The discussion also touches on the varying relationships individuals have with money, suggesting that what works for one person may not work for another and we do not need to fit ourselves into a box This episode provides insights into the complexities of financial planning, encouraging listeners to actively engage with their financial advisors and reassess their financial strategies regularly. The conversation reflects contemporary issues in financial planning.00:05 - Introduction to financial planning 08:48 - Adapting to life changes17:27 - Understanding financial complexity30:14 - The importance of insurance36:56 - Personal relationships with money Jennifer believes that effective financial planning, including insurance, provides peace of mind, allowing individuals to focus on enjoying life rather than worrying about financial uncertainties. Jennifer has personally experienced significant life changes that have influenced her understanding of financial planning, allowing her to relate to clients on a deeper level.Key Takeaways:Financial planning is not a one-time event but an ongoing process that requires regular communication and adjustments.- Personal experiences can greatly enhance a financial planner's ability to empathize with clients.- Life changes like divorce or job loss necessitate a reevaluation of financial strategies to ensure they remain effective and relevant.- Understanding the intricacies of investments and retirement accounts is crucial, especially for those later in life.- Estate and insurance planning are essential components of a comprehensive financial strategy.- Each individual's relationship with money is unique, and it's important to respect and support clients in their financial journeys.Contact Jennifer Strong, CFP® AEP®Financial Advisor, Principaljennifer@katecapitalgroup.comhttps://katecapitalgroup.com(805) 418-7552 Office____________________________For more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast:Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life

In this episode of the "Money & You" podcast, host Michelle Perkins speaks with Shauna A. Wekherlie, considered to be in the Top 1% of Tax Strategists in the USA, MTax, CTC, CTP, CTS, specializing in Business Tax Strategy & Real Estate. The “Tax Goddess” has saved over $2.03 BILLION in Taxes for her clients. A strategic CPA (with a masters in tax) and a great sense of humor, she provides valuable information about the critical role of tax strategy in financial planning. The discussion emphasizes that many money issues stem from mindset and habits, particularly regarding taxes, where significant savings are often overlooked in favor of more exciting or understandable financial topics. Shauna shares insights on the importance of working with a knowledgeable tax strategist to maximize tax benefits and avoid leaving money on the table. She advocates for a proactive approach, suggesting that individuals set aside 15% of their gross revenue for tax-related savings to ensure they are prepared for opportunities and obligations. The conversation highlights the need for financial education and the value of aligning with professionals who can provide strategic guidance. This episode is particularly relevant as it approaches the end of the year, a critical time for tax planning. The importance of understanding tax strategies is underscored as a key component of achieving financial independence.00:01 - Introduction to money mindset 06:48 - Maximizing tax strategies legally20:31 - Profit first accounting explained31:11 - Importance of tax strategists40:28 - Collaborating with tax professionals Having a tax strategist is significant because they keep up with the latest tax rules and can provide tailored strategies that help individuals maximize their financial opportunities. The podcast addresses the misconception that all tax strategies are known and utilized by CPAs, emphasizing that many individuals leave money on the table by not fully understanding or leveraging available tax strategies. Traditional CPAs may not offer true strategic advice.The podcast clearly articulates how taxes are a significant piece of the wealth puzzle that many overlook. Shauna and her team can open up a world of new options, especially for entrepreneurs.Contact the Tax Goddess: taxgoddess.comLinkedIn: linkedin.com/in/taxgoddessFor more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast:Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life

In this podcast episode of "Money & You," host Michelle Perkins discusses career transitions and the importance of mindset in navigating job changes. The conversation features guest Katrice A. Miller, an attorney and career coach, who shares insights on preparing for career shifts, emphasizing that many individuals are currently reevaluating their job satisfaction and have been since the pandemic.Katrice is an award winning, highly recognized speaker delivering workshops and keynote talks that impact and inspire her audience. Drawing from her own journey and decades of experience, she equips individuals with practical tools to strengthen their leadership presence, overcome adversity, and achieve lasting career success.She is the founder of Corporate Consulting Group, LLC, helping high-achieving professionals build careers with purpose, power, and the pay equity that reflects their true value and worth. She equips her clients with the tools they need to build dynamic personal brands and elevate their leadership presence to achieve extraordinary career success. The podcast highlights the significance of finding meaningful work and the necessity of pivoting rather than viewing a situation as a failure. They stress the importance of storytelling in interviews and adapting to modern job search strategies, including leveraging AI and networking effectively. Storytelling is emphasized as a critical skill for presenting oneself effectively in interviews, as it helps candidates articulate their experiences and problem-solving abilities in a relatable manner.Highlights:Katrice rebuilds client's self-assurance, crushes imposter syndrome, and equips them to re-enter the market with authority and purpose, after layoffs. She reveals insider strategies to get noticed by employers and have recruiters contacting you.Katrice teaches how to own the interview process, communicate value clearly, and convert interviews into offers—even in highly competitive markets.As a seasoned labor and employment attorney, she shows candidates exactly how to negotiate for more—and win.The discussion underscores the evolving nature of job applications, where quality connections and personal branding on platforms like LinkedIn are crucial. This episode is important as it addresses the challenges many face in today's job market, offering practical advice for those seeking fulfillment in their careers.00:01 - Finding fulfillment in work 07:32 - Embracing career transitions14:29 - Quality job search strategies24:53 - Mastering interview storytelling33:04 - Leveraging AI in job search39:35 - The power of networking49:12 - Monetizing your passion Key TakeawaysFinding fulfilling work is crucial for overall happiness and life satisfaction.- Career transitions can be approached strategically, leveraging past experiences.- Quality connections and storytelling are essential in the modern job market.- Embracing technology, including AI, can enhance job search efforts.- Networking should be viewed as a way to build relationships rather than a transactional process.Learn More About Katrice Here:Keynote Page & Testimonials: Premier Keynote Speaker and Corporate Compliance Trainer LinkedIn Profile: linkedin.com/in/katricemillerFor more tools and conversations about money mindset, practical tips, confidence, and financial empowerment…Subscribe to the “Money & You With Michelle Perkins” Podcast:Apple PodcastsPlease rate & review and share the show with friends and family who want to feel more confident and in control of their financial lives—it really helps us!Join the Limit Free Life Community & Blog: https://limitfreelife.com/newsletterLearn more about Michelle Perkins: https://limitfreelife.comLinkedIn: Michelle M. Perkins MBA on LinkedInInstagram: @livealimitfreelifeYouTube: Michelle Perkins – Limit Free Life