I’ve spoken many times on this blog about debt, cash flow and getting your finances in order. I’ve been told by critics that my audience doesn’t want to hear it – just give them what they want and show lots of pretty designs and pictures. However, my entire company is based on showing people how they can live their best life, and this cannot happen if debt and worry are looming over your head. As a feng shui consultant for over 15 years, people never call me because things are good, they call me because things are bad, real bad, and they are looking for a hail Mary, usually in their finances.
When I was married I had zero concept about money, saving money for emergency’s or building for retirement. I trusted that my husband, (who was in finance by the way), knew what was best for us. After all, I was the “creative” one and he was the “smart, logical” one. Not only did I learn that this was a grave mistake, but at 33 years old I was severely in debt, filing for divorce and had nothing to show for my 9 years of post college work.
I was embarrassed that I had gotten myself into this state and I had no clue how to get out of it. Paralyzed for nearly three months I just did what I could. Randomly paying minimums with no plan and no clue. But then I started doing research. I started learning and understanding about cash flow and how snow balling your credit cards was an effective way to get out of debt. So with the help of my girlfriend I came up with a plan to get out of debt. It was a plan that many Americans struggle to do because they think it’s a plan of shear sacrifices; but it wasn’t. It was a temporary plan to create fast and lasting change filled with freedom.
It took me three years to get out of debt. And let me tell you, there is a lot of freedom when debt isn’t looming over your head. And once I got out of debt I could start focusing on retirement, something everyone should be doing. I have friends that are nearing 50 years old still living paycheck to paycheck with no retirement in place. That is no way to live, and that certainly isn’t living your best life.
So even if you’re a freelancer, or have inconsistent income, there are many ways to reducing debt. And the cool thing is, once you get out of debt you suddenly have a ton of cash flow that isn’t tied up in payments – for things you purchased months or even years ago!
So yes, I am an interior designer, and it may be strange to write about money when you want to see pretty pictures, but there is more to life than pretty rooms, like having peace of mind. I can feng shui your house until the cows come home, but if you’re riddled with financial worry, nothing I do will create lasting change – that is of course unless you get strict with your finances and start telling your money where to go rather than wondering where it went!
9 easy steps to feng shui your wealth
Todays guest is Mary Storjohann. She is a financial planner and wealth adviser who just launched her new book, Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money. Her tips are simple and easy to follow and it’s the book I wish I had five years ago when I was paralyzed, stressed and overwhelmed with my finances. Ready to get out of debt and build your dream life? Yes! Let’s do this!
Todays podcast we talk about:
- The BEST way to dig your way out of debt
- How to set up a savings plan
- How to start building for that dream retirement
- How to set financial goals and why
- Why credit is so important
- The easiest way to approach the B word: BUDGET
- The best place to set up your savings accounts for free
- What type of retirement accounts to have
- The BEST place to set up retirement to avoid fees and build wealth
Book on how to manage your money: Work Your Wealth: 9 Steps to Making Smarter Choices With Your Money
21 ways to get out of debt even if you’re a freelancer
Savings accounts: Ally, Synchrony, Allied bank, capital one 360
Retirement accounts: Vanguard