S7E6: How to Eliminate Debt and Transform Your Finances with Sophia Melone

Cultivating H.E.R. Space: Uplifting Conversations for the Black Woman

Cultivating H.E.R. Space

Education, Self-improvement

4.7 • 1.3K Ratings

🗓️ 7 August 2020

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Lady, what is your relationship with money? How did that relationship form? In today’s episode, the Debt Demolisher, Sophia Melone, joins Terri and Dom to share with us how she transformed her “dysfunctional” relationship with her finances. If you listened to Season 5 Episode 2 with Constance Carter at the beginning of the year, and you have not made any changes...then this episode may be the inspiration you need. Sophia goes even deeper into examining our relationship with money, identifying the various barriers and how to get additional support to make changes. No matter your income level there are strategies (i.e, HABITS) that will help you make the changes you desire. Remember, this is a journey that is not about how much money you make but what you do with it.

Quote of the Day:
" the real measure of your wealth is how much you'd be worth if you lost all your money"
-author unknown

Takeaways:
Sophia’s Tips:
Cut
Ask
Acquire
Produce

1. Face the reality of the situation
2. Establish a budget
3. Pay yourself first

Sophiamelone.com
Smashdebt.com
IG: Iamsophiamelone
Twitter: Iamsophiamelone
Facebook: Iamsophiamelone

TalkBack Tuesday with Dr. Dom
Wisdom Wednesdays with Terri
H.E.R Space Sanctuary

Resources:
Melanin and Mental Health
Therapy for Black Girls
Psychology Today
Therapy for QPOC

Where to find us:
Twitter: @HERspacepodcast
Instagram: @herspacepodcast
Facebook: @herspacepodcast
Website: herspacepodcast.com
Email: [email protected]
H.E.R Space Sanctuary: https://www.facebook.com/groups/herspacesanctuary/
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Transcript

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0:00.0	Hey Lady, it's Dr. Dom here.
0:03.0	If you like this show and you want to make your own, let me tell you about the free platform
0:09.2	Anchor.
0:10.2	It's a creation tool that allows you to record and edit your podcast right from your phone or computer.
0:16.0	You can add songs from Spotify and create any type of content that you are looking for.
0:22.0	Anchor will distribute it all for you
0:24.6	so it can be heard on Spotify, Apple Podcast, and more.
0:28.6	Download the free anchor app or go to anchor.
0:32.0	FM to get started. on this week's episode in her space.
0:36.7	So we have to think about what are our patterns and what are we doing that's causing us to get in this space in the first place.
0:45.2	And if you really want to experience transformation in that area, you really have to
0:49.6	proactively work on your habits.
0:51.8	And it's not necessarily about how much money you make, it's about what you do with the money that you make.
0:57.0	So you really have to be intentional, you have to be aware, you have to be willing to sacrifice, especially if you are in the space where your income levels are a little bit lower.
1:08.0	But if that is the case, just know that you have the capacity and the eagerness to do it because there's
1:16.2	always ways where you can make money to supplement what you need.
1:22.0	Today's episode is sure to provide you with motivation, inspiration, or even a fresh perspective.
1:28.0	If you have any aha moments or if you feel comforted throughout the episode,
1:32.0	lady, please leave us a review and
1:34.5	tell us what we're doing right so we can stay on track. Also, we release episodes
1:38.2	every Friday, so be sure to subscribe on iTunes and visit her space podcast
1:42.8	dot com and into your email address to get updates about our live events
	...

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