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March 29, 2021

Get Good With Money with Tiffany ‘The Budgetnista’ Aliche – Episode 39

This week we have one of our favorites, Tiffany ‘The Budgetnista’ Aliche, on to talk about her new book, “Getting Good With Money”. This is Tiffany’s third time on the podcast because she is that good!

Tiffany was on just a year ago to talk about her children’s book, “Happy Birthday Mali More”. She is now working on the animated version of Mali and her Youtube channel for those stories.

The subtitle to “Get Good With Money” is ’10 Simple Steps To Becoming Financially Whole’. This book gets back to the basics of financial education. Financial education is so important to Tiffany she even helped create a law to get financial education to be a part of Middle Schools in New Jersey.

Tiffany gives some easy tips on improving your credit score. Designate a credit card for one specific small bill every month and pay it off in full. She also explains how to piggy back onto someone else’s credit too.

For budgeting, Tiffany shares ways to budget without budgeting. You can set up direct deposits into four separate accounts. Two checking accounts – one for spending and one for bills. Two savings accounts – one for emergencies and one for goals. Split it before you get it.

Tiffany wrote this book thinking of people who are differential learners. Being a teacher, she always thought of all the different ways and levels of knowledge that people reading this will have.

Tiffany also shares all about the different people that might be a part of your financial team. Even if you don’t need all the different team members, you should have an accountability partner. Whether it’s a spouse or parent or close friend, you need someone who will support you and not shame you.

In addition to questioning to whether or not you need a CPA or an Estate Planner, you also need to see if they will be a good fit. She gives tips and things to look for and ask yourself before hiring someone.

Tiffany attributes her gift of teaching to the 10 years she spent teaching preschool. It was all about teaching those basics and she learned how to best navigate all of their different levels. It makes her very affective now with adults who are at all levels.

We also talked about the gender wealth gap and the racial wealth gap. It’s frustrated being underpaid doing the same things as other people doing the same things.

Tiffany shares a little about her financial picture. She also tells us about an experience she went through in possibly taking money out of her home. It’s commonly known that black homeowners get appraised at a lower rate.

The appraisal Tiffany got back seemed low. She got another opinion. Someone from the New York Times did a story about it. After getting an independent appraiser to come and give another appraisal, they found that the first appraiser did some things that were definitely not accurate.

Tiffany shares about how because of the bad appraisal and not taking that money and investing into it then it’s lost money from lack of investing. Now Tiffany is helping to write a law to make it illegal to appraise someone’s house based on their race. Also, the realtor and appraiser will make it clear and known where you can go if you feel like your house was appraised inaccurately.

Hopefully, this law will soon be passed and even get federal attention. Other states have already started adopting laws similar to their financial literacy for children law.

Even though Tiffany was unsure about being on the cover of her book, she’s glad her publisher talked her into it. We are so glad too, she’s a great example for all women.

One of the reasons we love Tiffany is because of her empathy and kindness. She doesn’t believe in bringing shame and blame to people over their financial situations.

You can find her book, “Get Good With Money” at the website for the book – www.getgoodwithmoney.com

And you can find her everywhere as “The Budgetnista” – www.thebudgetnista.com

Find her on Instagram at www.instagram.com/thebudgetnista/

Episode 8 – Budgeting Basics and Beyond

Episode 24 – Financial Education For Children

Thriving Financially with Hilary Hendershott Money Made Easy

When Hilary was in her 20’s, she was definitely not thriving financially. She was advising multi million dollar clients by day and coming home to a stack of bills she wouldn’t open because she couldn’t pay them. She was a massive overspender. Hilary was earning 6 figures and spending 6 and a half. She realized she had to repair her relationship with money and wealth. This was a very emotional time for Hilary. Looking at the numbers and realizing how in debt she was made her feel like a piece of crap. She was lucky enough to go to a great school and smart enough to graduate with honors. Hilary was determined to figure out how she got so deep in debt. She started reading everything she could on the psychology of money. Her mother was a budgeter and saver and Hilary was ashamed with the amount of money she could spend on birthday presents for friends. Hilary wanted a pair of Nikes like the other girls on her basketball team but had to get her shoes from Payless. Hilary felt like there was never enough money for the things she wanted in life. That became her money operating system. It’s a very common money operating system. And there are many others also. Through the divorce of her parents and her father not wanting to pay her mother, Hilary came to realize that money  is power. So operating with the thoughts ‘there’s never enough money’ and ‘money is power’, Hilary would spend and buy to try to show she was successful, even though she had no money in her bank account. Luckily, she was able to unravel those behaviors and make a change in her own life. This made Hilary want to teach her framework to others, especially women. Also by doing this, her business took off. So many entrepreneurs limit money in their life with their thoughts. Even though Hilary has a very traditional background as far as her training, until she changed her mindset, she would spend money as soon as it was in her back account. For Hilary to make a change, she started doing the opposite of what she had been doing. Where she had hidden her money troubles before, she became super transparent about them. And she also, just wouldn’t do things where she would be spending money. It was super tight and painful for several years. After Hilary had her condo foreclosed, she turned in her leased BMW and paid off her negotiated credit card debt, she then began rebuilding. She didn’t buy a coffee for 2 years. After she fixed the problem, she has now built up enough wealth to be financially independent. And that’s definitely thriving financially.  In addition to the traditional financial advising, Hilary has Ignite Investing for people who are just getting started in investing. This program makes financial advice accessible. She also has a coaching program, that teaches exactly what she did to get out of debt and build wealth. Hilary shares her 7 Steps To Wealth with us.  1 – Decide. Involve your mindset and how you see your future. 2 – Speak. Look at all your scripts about money. Journal. Write down all the things you think and say about money. 3 – Plan. Most people don’t have a plan. She teaches a multiple account system, not budgeting. 4 – Earn. Raise the ceiling. 5 – Ask. She has a No Challenge. Make so many big requests, your goal is 100 no’s. If you get to 100 no’s, you’ll have so many yeses, you’ll have a different life. People are afraid to ask. 6 – Invest. Compound your wealth. 7 – Protect. Protect your wealth with wise decisions and your identity from theft. A lot of people, especially women, have this idea that money is a zero sum game, Hilary tells us. Just enough is enough. She wants us to know there is an abundance of money, you can be rich and everyone else can too. Hilary works with a lot of people in their 60s, 70s and 80s and doesn’t know many that work past 70. You need a stash of money to support your life. The Profit Boss Radio is the podcast Hilary hosts. She has so many things she wants to say especially to…
  1. Thriving Financially with Hilary Hendershott
  2. Money Practices and Money Maps with Bari Tessler
  3. The Art Of Money with Bari Tessler
  4. Get Good With Money with Tiffany 'The Budgetnista' Aliche
  5. Think Like A Breadwinner with Jennifer Barrett

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