S4E50: [Ilene Slatko] Emotional Traumas Influence Your Financial Decisions

Episode brought to you by My True Prosperity https://mytrueprosperity.com/ 

Tune in for an insightful discussion with Ilene Slatko. Gain valuable insights into money, retirement, and the psychology of finance. Don't miss out on this episode!

How do past emotional traumas influence your financial decisions? Share your insights in the comments and let's start a meaningful conversation about overcoming financial challenges.

In this video, Ilene shares some practical tips to help both women AND men get clarity around their money mindsets. Key takeaways: - Think about spending as an everyday "wealth transfer" to help curb emotional purchases - Use the Rule of 72 to understand how small savings can grow exponentially over time - Write about your ideal retirement life as though it's happening today - this simple mindset shift can motivate bigger changes Ilene explains these concepts in a super relatable way. If you've ever felt paralyzed or overwhelmed when dealing with money, this talk may give you a fresh perspective. Let me know what you think! Have you tried any mindset shifts that changed your financial habits? Looking forward to hearing your experiences in the comments.

Catch up with Ilene Slatko

https://metamorphosisready.com/ 

The key moments in this episode are:
[00:00:00] - The Emotional Connection to Money
[00:01:18] - Retirement Planning for Women
[00:02:08] - Rethinking Retirement Investments
[00:07:43] - Women and Financial Readiness
[00:11:55] - Emotional and Lifestyle Preparation for Retirement
[00:15:17] - Wealth Transfer and Financial Awareness
[00:20:58] - Reframing Financial Perspectives
[00:22:56] - Patience and Continuous Progress
[00:24:31] - Language, Culture, and Financial Readiness
[00:27:18] - Lessons from Personal Finance
[00:31:15] - Transition from selling products to consulting
[00:32:00] - Actionable items in training programs
[00:33:04] - Creating a my Social Security account
[00:34:00] - Invitation for future topics
[00:34:21] - Farewell and appreciation

The resources mentioned in this episode are:

• Visit https://metamorphosisready.com/  to access a subscription-based micro webinar learning platform designed for people 40 and older, covering topics such as Social Security, Medicare, financial preparedness for retirement, and more.
• Open a my Social Security account on SSA.gov to see your personalized Social Security benefits information, including estimated benefits at different ages and other important details.

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DISCLAIMER: I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in this audio are for educational purposes only. You must do your own research and make the best choice for you.  Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. If you need advice, please contact a qualified CPA, CFP, an attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with.

Episode: 238

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