• Financial Mastery Simplified

  • By: Jax Crider
  • Podcast

Financial Mastery Simplified

By: Jax Crider
Listen for free

  • Summary

  • Welcome to Financial Mastery Simplified, the podcast that turns the complex world of money into easy-to-understand lessons. Imagine sitting down to your favorite snack, a simple yet delightful peanut butter and jelly sandwich. That's the ease and satisfaction we aim to bring to your financial education journey. Each episode, hosted by a team with deep roots in the mortgage sector and a passion for simplification, peels back the layers of financial topics that touch every aspect of your life. From mortgages to investments, budgeting to saving, we dive deep, making the intricate world of finance accessible to everyone. Jacqueline "Jax" Crider, our guiding light, brings over 20 years of mortgage industry experience to the table, blending her wealth of knowledge with a keen desire to empower and educate. Whether you're a first-time homebuyer, looking to refine your investment strategy, or simply aiming to understand the financial decisions affecting your daily life, this podcast is your go-to resource. With Financial Mastery Simplified, we're not just sharing information; we're building a community where financial empowerment is the goal, ensuring that you're equipped to make sound decisions for a secure future. Join us as we demystify finance, one topic at a time, making each episode as enjoyable and straightforward as making a PB&J sandwich. Welcome to clarity, welcome to empowerment, welcome to Financial Mastery Simplified.
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Episodes
  • How Your Mindset Affects Financial Success in 2024

    How Your Mindset Affects Financial Success in 2024
    Sep 24 2024

    Summary
    In this episode, Jax and Janelle discuss the impact of shame-based thinking and its effects on personal finances and decision-making. They explore how guilt differs from shame and how these emotions can shape one’s self-worth and financial habits. Janelle shares her personal experience, including her book journey, and delves into how early messages from family can lead to self-sabotage or risky financial behaviors. They also discuss the importance of empathy, resilience, and intentional thinking when it comes to overcoming shame and developing healthier relationships with money. Jax highlights the holistic approach to finances, where emotional and psychological well-being play crucial roles in financial success. The conversation concludes with actionable insights, emphasizing self-awareness and intentional decision-making.

    Keywords
    shame-based thinking, guilt, self-worth, personal finances, resilience, empathy, self-sabotage, risky behavior, financial success, self-awareness, intentional thinking, holistic financial approach

    Takeaways

    • Understanding the difference between guilt and shame is crucial for addressing negative thought patterns.
    • Shame-based thinking often leads to behaviors like self-sabotage, isolation, or risky decision-making, impacting financial health.
    • Early childhood messages influence adult financial behaviors and perceptions of self-worth.
    • Resilience and empathy are key to overcoming shame and fostering positive financial habits.
    • Self-awareness and intentionality in financial planning lead to long-term success and personal growth.

    Sound Bites

    • "Guilt is: I made a mistake. Shame is: I am a mistake."
    • "Shame can sabotage relationships—including your relationship with money."
    • "Empathy is the kryptonite to shame."
    • "Financial mastery is not just about numbers; it's about mastering your mindset."
    • "You are powerful beyond measure and capable of achieving anything you want."

    Chapters
    00:00 Introduction and Overview
    03:00 Difference Between Guilt and Shame
    07:15 Shame-Based Thinking and Financial Decision-Making
    12:05 Resilience and Empathy as Tools for Overcoming Shame
    19:30 Self-Sabotage and Risky Behaviors in Finances
    24:00 Janelle’s Book Journey and Personal Experiences
    31:10 Self-Awareness in Financial Success
    38:45 Conclusion and Takeaways
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    45 mins
  • How Delegating Can Boost Financial Growth and Avoid Burnout

    How Delegating Can Boost Financial Growth and Avoid Burnout
    Sep 17 2024
    How Delegating Can Boost Financial Growth and Avoid Burnout In this episode, Jax and Melissa discuss the importance of outsourcing and delegating tasks to avoid burnout and achieve financial growth. They emphasize the need to prioritize and identify the most important things to focus on. They also highlight the value of offloading tasks that don't bring joy or add value to your life. Melissa shares her experience of transitioning from a solopreneur to building a team, which helped her avoid the feast and famine cycle and achieve a more steady income. They discuss the mindset shift required to invest in getting help and the financial benefits it can bring. The conversation explores the importance of intentionality in managing finances and delegating tasks. It emphasizes the need to prioritize and offload tasks that are not one's highest and best use, both personally and professionally. The speakers discuss the benefits of outsourcing and delegating, as well as the importance of setting clear expectations and communicating needs. They also highlight the value of bartering and finding creative solutions when financial constraints exist. The conversation concludes with the speakers offering additional resources for further exploration. Keywords outsourcing, delegating, priorities, burnout, financial growth, solopreneur, team building, feast and famine cycle, steady income, mindset shift, investing in help, financial benefits, intentionality, managing finances, delegating tasks, prioritization, outsourcing, setting expectations, communication, bartering, creative solutions Takeaways Outsourcing and delegating tasks can help avoid burnout and achieve financial growth. Identify the most important things to focus on and offload tasks that don't bring joy or add value to your life. Building a team can help avoid the feast and famine cycle and create a more steady income. Investing in getting help can lead to financial benefits and allow you to focus on business development. Being intentional about your priorities and seeking help from others can lead to greater success. Be intentional in managing your finances and prioritize tasks that align with your strengths and goals. Delegate tasks that are not your highest and best use, both personally and professionally. Set clear expectations and communicate your needs when outsourcing or delegating. Explore creative solutions, such as bartering, when financial constraints exist. Sound Bites "You might be a baby adult. That's kind of like what I call it, right? Like kind of in your, in your baby stages of adulthood." "You might be a baby adult. That's kind of like what I call it, right? Like kind of in your, in your baby stages of adulthood." "Nobody is ever going to be able to do it as good as I do it. And the truth of the matter is that's not necessarily true." "What would you like to take off your plate?" "Get there intentionally. Start where you want to be in life and work backwards." "Use the Profit First system to manage your money intentionally." Chapters 00:00 Highlights 00:25 Introduction and Overview 03:32 The Power of Outsourcing and Delegating 06:34 Identifying Priorities and Offloading Non-Essential Tasks 10:27 Transitioning from Solopreneur to Building a Team 13:25 Avoiding the Feast and Famine Cycle 21:07 Investing in Help for Financial Benefits 26:21 The Importance of Being Intentional 29:31 Managing Finances and Delegating 35:45 Setting Clear Expectations 41:06 Finding Creative Solutions Guest Contact Details: Name: Melissa Swink Business: Melissa Swink & Co Email: melissa@melissaswink.com Phone number: 920-737-5493 Get access to our FREE budget tool to simplify your financial future 👉 https://fms.tips/
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    51 mins
  • Debunking Myths About Mortgage Down Payments and Interest Rates Private

    Debunking Myths About Mortgage Down Payments and Interest Rates Private
    Sep 10 2024
    n this episode, Jax Crider and Dromonte Montgomery discuss the importance of asking good questions and being curious in the financial space. They also talk about the value of expertise and the need to delegate tasks to focus on one's highest and best use. They debunk common myths about mortgage down payments and interest rates, and emphasize the importance of knowing oneself and setting financial goals. They also discuss the Texas A6 laws and the option of recasting a mortgage to lower monthly payments. In this conversation, Jax Crider and Dromonte Montgomery discuss the factors to consider when buying a house and turning it into a rental property. They touch on topics such as tax implications, mortgage payments, interest rates, and making improvements to the property. They emphasize the importance of understanding your goals and consulting with professionals to make informed decisions. The conversation highlights the need for adaptability and the acceptance that perfection is not attainable in the real estate market. Keywords financial space, asking questions, curiosity, expertise, delegation, mortgage, down payment, interest rates, Texas A6 laws, recasting, buying a house, rental property, tax implications, mortgage payments, interest rates, property improvements, goals, adaptability Takeaways Asking good questions and being curious are essential in the financial space. Delegating tasks allows individuals to focus on their highest and best use. Common myths about mortgage down payments and interest rates should be debunked. Knowing oneself and setting financial goals are crucial in making informed decisions. Understanding the Texas A6 laws and the option of recasting a mortgage can be beneficial. When buying a house with the intention of turning it into a rental property, it's important to consider the tax implications and offsetting rental income with expenses. The decision to put a large down payment on a house depends on individual goals and financial circumstances. Interest rates for investment properties or second homes are typically higher due to the increased risk. Before making major improvements to a house, consult with a real estate professional to determine if it will add value and attract renters. It's crucial to have a good advisor who can provide personalized advice and help navigate the complexities of the mortgage process. Perfection is not attainable in real estate, and it's important to be adaptable and make the best decisions based on the available information. Sound Bites "You are powerful enough to do big things." "It's fun to do the impossible. But I don't know what's impossible yet, so it's fun to try and figure out what is." "It's okay to want all this control. It's okay to have anxiety. You just care a lot." "If your ultimate game is to own a lot of real estate over time, you don't necessarily want to make a whole lot of dollars because you'll be taxed on those dollars." "A lot of people put the minimum down, move into the house, live there for a short time, and then buy another property as a primary residence." "If you own more than one house and things start going downhill, you're more likely to let go of a rental property than your primary residence." Chapters 00:00 Highlights 00:46 Introduction and Background 03:46 The Power of Asking Good Questions and Being Curious 09:08 Delegating Tasks and Managing Anxiety 15:43 Debunking Myths About Mortgage Down Payments and Interest Rates 20:27 Knowing Yourself and Setting Financial Goals 27:41 Understanding the Texas A6 Laws and Recasting a Mortgage 31:40 Tax Implications and Rental Income 33:54 Owning Multiple Houses and Risk Factors 36:54 The Importance of Interest Rates and Marketing 40:13 The Value of Caring in the Mortgage Process 43:00 Consulting Real Estate Professionals for Improvements 48:30 Making Decisions for Short-Term Ownership 52:53 Embracing Adaptability and Progress Over Perfection Guest Contact Details: Name: Dromonte Montgomery Business: The Uproot Agency Email: Dromonte@theuprootagency.com Phone number: 2106659813 Get access to our FREE budget tool to simplify your financial future 👉 https://fms.tips/
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    58 mins
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