In this episode, we dive into what it means to feel financially behind and how to get back on track. I chat with Lori Atwood, a CFP professional and founder of Fearless Finance, about the importance of time in our financial plans, how to recognize if you're starting late, and practical steps to catch up. We talk about the difference between feeling behind because of financial comparisons versus actual financial gaps. Lori shares her approach to building a solid financial foundation, the power of starting small, and why it's never too late to get your finances in order. We also discuss budgeting without the stress, managing money in relationships, and how working with a financial professional can help you gain clarity and confidence.
💰 This Week’s Money Talking Points
🔗 Resources
🕰️ Timestamps
03:00 - How important is time in our financial plan?
04:12 - How do you recognize if you're starting late?
07:00 - How to get ahead if you feel behind
08:33 - The 42% rule for housing and contractual obligations
09:29 - Looking at your full financial context, not just one area
11:00 - Understanding your balance sheet and cash flow
15:15 - Budgeting without the stress: Focus on discretionary spending
17:12 - The importance of sinking funds for annual needs
18:35 - Financial adulting: What are the commonly overlooked aspects?
20:00 - Start saving even if it's just $50 a month
22:15 - Are you ever too late to get your finances in order?
23:37 - On-ramps and off-ramps: Seasons of financial life
25:36 - Reducing stress around money
26:38 - How Lori has seen people catch up and transform their finances
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"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/
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