Master Your Money Part 3: The Truth About Income and Wealth

In this edition Your Money Minute, Candy discusses the recent upgrades to the 529 plan, which now offers families greater flexibility and options for saving. Discover how the new changes allow for expanded use of funds for K-12 education, career training, and even the ability to roll over unused money into a Roth IRA. This episode is packed with valuable insights that can help you leverage the 529 plan as a powerful wealth-building tool! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this edition of Your Money Minute, Candy shares crucial insights on wealth-building beyond the traditional advice of working hard and saving. She emphasizes the importance of building assets, particularly through business ownership, which can lead to greater cash flow, tax advantages, and asset creation. Candy encourages listeners to take intentional steps towards wealth by starting their investments, real estate portfolios, or businesses today. Tune in to learn more. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this edition of Your Money Minute, Candy tackles the daunting financial challenge of paying for college. She shares insights from T. Rowe Price's recently released college savings roadmap, emphasizing the need for families to save approximately $105,000 by the time their child turns 18. Candy breaks down the recommended savings milestones and highlights the importance of starting a 529 plan early. She also stresses the necessity of setting clear expectations with children regarding financial responsibilities, promoting resilience as a key life skill. Listen in for more key advice on navigating college savings! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this edition of Your Money Minute, Candy shares her insights on building a financial foundation for children that goes beyond monetary wealth. Candy emphasizes the importance of teaching kids about budgeting, saving, and investing while also instilling values and habits that promote overall life success. Listen in to discover her practical strategies, including starting a custodial Roth IRA and implementing the 50/25/25 rule for earnings. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In today's episode, we continue our transformative Master Your Money series with Part 4, where we tackle the most crucial steps to achieving financial freedom. Join Candy as she explores the importance of setting a financial target, understanding passive income, and the necessity of a contingency plan. This episode is packed with practical advice on making logical financial decisions and developing a structured plan to create wealth. Don't miss this essential guide to mastering your money! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this edition of Your Money Minute, Candy shares her journey from financial uncertainty to confidence. She highlights the challenges women face in financial education and the societal messages that shape their attitudes towards money. With insights from recent studies, Candy emphasizes that confidence in financial matters is not innate but can be developed through action. Listen in to learn to learn more about how to take your first steps towards financial empowerment! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, we continue our series, Master Your Money, by tackling one of the most misunderstood principles about finances: the belief that more money will solve money problems. Join Candy as she explores the concept of lifestyle creep, expense creep, and mindless spending, revealing how habits, not income, dictate wealth. Candy also provide actionable steps to audit your finances and set a lifestyle cap to protect your wealth. Don't miss this essential discussion on mastering your money! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this edition of Your Money Minute, Candy addresses the often uncomfortable topic of discussing finances within relationships. Drawing on a study from Yale, she highlights how money stress can lead to silence and assumptions between partners. Learn how to break the pattern of avoidance by scheduling a 'money date' to openly discuss financial feelings and goals without judgment. Listen in for key advice on fostering communication and teamwork around finances. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, we continue our series "Master Your Money," where we explore practical strategies for building wealth. Candy tackles common money myths, such as the allure of overnight success and the pitfalls of trying to time the market. She also introduces her effective 10-10-10 rule to help listeners increase their income, reduce expenses, and invest wisely. Tune in for actionable insights that can empower you to take control of your financial future! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, we kick off an exciting four-part series titled "Master Your Money." Join Candy as she delves into the critical importance of mastering your finances, especially for entrepreneurs. Discover why understanding your money is crucial to your success and learn practical steps to identify where your money is going. With insights into personal audits and establishing a financial routine, this episode will guide you toward financial clarity and empowerment. Learn more about your ad choices. Visit podcastchoices.com/adchoices