1357: Recessions, Budgets and Becoming the Breadwinner with Money Coach Nicole Stanley

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 16 May 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stemming from Friday's episode which focused on the possibility of a recession, Farnoosh invites money coach Nicole Stanley to share her advice on how to manage the stress and anxiety around the volatility and uncertainty hanging over the stock market and economy. How to build confidence right now? How to re-examine your budget to feel more in control? Nicole is the founder of Arise Financial Coaching, a company dedicated to helping professionals who have tried everything finally ditch debt, save more, and enjoy financial confidence. In five years, she went from battling financial anxiety to building her family's net worth to over $250K on an annual salary of $56K. In 2020, after her husband became furloughed, Nicole officially started her coaching practice and became the sole breadwinner in her household. She speaks candidly about that pivot and the initial challenges. Fun fact: The average Arise client saves $20K in six months without giving up the things they love. Nicole lives in Denver, CO with her husband and two children. Learn more about Nicole on her website and Instagram. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	So money is brought to you by CNAT, the site that shows how to navigate change all around us.
0:06.4	So money episode 1357 recessions, budgets, and becoming the breadwinner with money coach Nicole Stanley.
0:14.4	You're listening to So Money, with award-winning money guru Farnoosh Karabi.
0:18.9	Each day, get a 30-minute dose of financial inspiration from the world's top business minds,
0:24.1	authors, influencers, and from Farnoosh herself.
0:28.0	Looking for ways to save on gas or double your double coupons?
0:31.6	Sorry, you're in the wrong place. Seeking profound ways to live a richer, happier life.
0:36.9	Welcome to So Money.
0:40.8	I still felt guilty when I spent. I still second-guessed everything. I couldn't look at my future and
0:46.0	feel secure, because at the end of the day, my entire relationship with money was centered on
0:51.9	this anxiety, and you got to restrict yourself rich mentality, and that was not healthy for me.
0:59.1	Welcome to So Money, everybody. I'm Farnoosh Tarabi. It is Monday, May 16th.
1:04.4	Hope you had a good weekend, and hope you had a chance to listen to our most recent Friday
1:09.5	Ask Farnoosh. The episode was dedicated to all things recessions. Tried my best to speak very
1:15.8	simply about what recessions are, why they happen, why we're talking about a potential recession
1:22.1	right now, and of course answering all of your questions about how to invest, how to save,
1:28.0	how to make big purchases right now with so much uncertainty. So please go back and listen to
1:32.8	that, and our interview today is in some ways a continuation of that episode. Our guest is Nicole
1:38.4	Stanley. She's founder of Arise Financial Coaching, dedicated to helping professionals who tried
1:44.6	everything to finally ditch debt, save more, and enjoy financial confidence. In five years,
1:51.2	Nicole went from herself battling financial anxiety to building her family's net worth,
1:56.7	to over $250,000, and they did all of this on an annual salary of $56,000. And I might mention
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Farnoosh Torabi, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Farnoosh Torabi and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.