Achieving Financial Freedom and Avoiding Traps in Divorce with Germaine Foley
Jamie Lima welcomes Germaine Foley, who shares her journey from financial struggle and bankruptcy to achieving financial freedom. They offer advice on maintaining financial balance during divorce and aligning spending with personal values. The episode addresses overcoming a scarcity mindset, debt repayment, and establishing healthy financial habits. Psychological aspects of money and common financial traps in divorce are explored, emphasizing the importance of due diligence with financial advisers and avoiding the abdication of financial decisions.
Key Points
- Emotional spending can be a significant financial trap during and after a divorce, leading to short-term relief but long-term financial consequences.
- Maintaining a balance between building wealth and enjoying life is possible by getting clear on personal values and financial priorities.
- It's crucial to have a foundational emergency fund, prioritize paying off high-interest debt, and consistently save and invest to build long-term financial stability.
Visit Germaine's links to explore more of her work.
Free Training: How To Build Wealth w/out Going On a Strict Budget https://www.germainefoley.com/wealthclass Website- www.germainefoley.com Instagram- https://www.instagram.com/germainefoleycoaching/
Germaine Foley is a Certified Life and Money Coach for women who make good money but aren't building wealth. She helps them take control of their finances and build wealth without losing the freedom to travel &/or buy nice things.
Germaine came to this work because she was in over $200k worth of debt and had very little savings, even though she had a good income. She figured out how to build wealth and enjoy life at the same time, and now teaches others how to do the same.
Disclaimer: The information on this site and podcast is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. and Allegiant Solutions LLC DBA Allegiant Divorce Solutions (referred to as “the companies”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
The companies do not warrant that the information will be free from error. None of the information provided on this website or podcast is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall the companies be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if the companies or a company authorized representative has been advised of the possibility of such damages.
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Transcript
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