When you have ADHD, you must be mindful about setting goals to stay motivated and on track. Identify the goal Write out the purpose of the goal and why it is important Decide on one action step or small task you can do today that would bring you closer to your goal The ‘Financial Order of Operations’ is one method to help break down the process of identifying goals to focus on first. The Financial Order of Operations Have at least one month of your expenses as an emergency fund If you work for a...
Oct 24, 2022•15 min•Transcript available on Metacast Identifying your financial purpose when setting up a budget allows us to maintain our focus on the process and our motivation moving forward. I've created and shared two documents for you to use as you follow this series. The first is a spreadsheet on the reversed budget methodology, which you can find the link under the resource links at the bottom of the page to download and follow along. The second is a Google form with a list of questions to record your spending habits. Values, Goals, &...
Oct 17, 2022•20 min•Transcript available on Metacast ADHDers like organization and structure, so they get excited about setting up a budget. However, following the method over the long term rarely works if we don't spend the extra time setting up an automated system to keep us going when we don't feel like following the process. I've created and shared a spreadsheet on the reversed budget methodology under the resource links at the bottom of the page for you to download and follow along. By the end of this series, you will be budget...
Oct 10, 2022•11 min•Transcript available on Metacast Establishing a budget doesn't need to be an uncomfortable experience. Once the basic elements are in place and you become familiar with the process, you'll be pleasantly surprised at how easy it will be to manage money. I've created a spreadsheet on the reversed budget methodology, which you can find under the resource links at the bottom of the page to download and follow along. The first step in setting up a budget is determining your net income and expenses. Identifying Your Ne...
Oct 03, 2022•20 min•Transcript available on Metacast As a CFP financial planner, the most rewarding part of my job is comprehensive financial planning helping my clients get their estate in order, investing, and tax planning. My passion is to help people understand the joy that comes with the feeling of power in controlling your money. Most of the people that come to me are at a point where first, we need to focus on getting their financial house in order and help them identify their impulsive spending habits. The most common culprits to 'spe...
Sep 26, 2022•7 min•Transcript available on Metacast Getting your money right helps in many ways because money touches so many aspects of our lives. Nothing has ever existed that has created more wealth or has been more influential in the transformation of families and people over time than the stock market. If you’re an investor, you’ve more than likely noticed how volatile the stock markets have been. However, if you stay the course, you can avoid stepping on the emotional merry-go-round by always keeping the big picture of your future retiremen...
Sep 19, 2022•19 min•Transcript available on Metacast President Biden announced a plan on August 24, 2022, to forgive student loan debt through the end of December 2022, with payments resuming in January 2023. To be eligible for the $10,000 debt cancellation, your annual income must have fallen below $125,000 (for individuals) or $250,000 (for married couples or heads of households) If you received a Pell Grant in college and meet the income threshold, you will be eligible for up to $20,000 in debt cancellation. Some of the changes originally made ...
Sep 12, 2022•19 min•Transcript available on Metacast Stability and organization are two words that best describe an ideal world for the ADHD brain. What happens, then, when someone with ADHD has a variable income? There’s no guarantee of stability, and it’s difficult to organize your expenses when you don’t have a fixed income. Creating a Repeatable Structure Establish a budget with a repeatable structure that doesn't require constant tweaking: Make sure you have enough income to cover your basic expenses When does the income come in in the m...
Sep 05, 2022•16 min•Transcript available on Metacast As a CFP®, I’m often asked about my services - and what makes me different from others who provide financial coaching or advice. To begin, the term financial planner encompasses a pretty broad area. For example, some advisors: Work like an insurance company and sell insurance on commission Fee-based by selling other investment products like annuities Fee-only planning as a flat fee for service rendered Investment managers paid via a retainer fee The fee-only option is what I do by providing fina...
Aug 29, 2022•20 min•Transcript available on Metacast Some call it their 'Life Happens Fund,' others their 'Emergency Fund.' Whatever you call yours, make sure you have one. But then you might want to take that thought one step further. I'm about to tell you why. My Dog Willow Recently Willow, my Bearded Collie, became very sick to the point where she needed to be hospitalized. Anyone who has gone through this before knows how expensive it is to hospitalize a pet. Throughout her illness, I had to make tough decisions where ...
Aug 22, 2022•15 min•Transcript available on Metacast Shell Mendelson has more than 30 years of experience in the field of Career Counseling, and has ADHD herself. She knows it can be difficult to find a job you like, let alone a career you love. In this interview, Shell shares ways to identify fulfilling work, why it’s important to have passion in what you do, and why she doesn’t recommend disclosing your ADHD when applying for a job. Job Hopping and Finding Your Passion “I learned that if I wasn't really happy in my day to day work, I wasn&a...
Aug 15, 2022•30 min•Transcript available on Metacast The final segment of our three-part series, we'll wrap up our discussion with Dr. Russell Ramsay, co-founder and co-director of the University of Pennsylvania's adult ADHD treatment and research program and associate professor of clinical psychology in the department of psychiatry at the Perelman School of Medicine. We all know we should do things like eat better and get our money straight, but what kind of implementation strategies do we use to put those things in motion? Focusing on ...
Aug 08, 2022•21 min•Transcript available on Metacast The second of our three-part series with Dr. J. Russell Ramsay, co-founder and co-director of the University of Pennsylvania's adult ADHD treatment and research program and associate professor of clinical psychology in the department of psychiatry at the Perelman School of Medicine. Externalized Tricks to Control Spending One of the most common concerns people with ADHD struggle with is impulsive spending. It's essential to take a clear look at where we are in our life and ask ourselve...
Aug 01, 2022•18 min•Transcript available on Metacast ADHD is more complex than just a summarized diagnosis in a diagnostic manual. There are many accumulated small behaviors physicians don't always identify that remain untreated. In the first of this three-part series, we speak with Dr. J. Russell Ramsay, co-founder and co-director of the University of Pennsylvania's adult ADHD treatment and research program and associate professor of clinical psychology in the department of psychiatry at the Perelman School of Medicine. Dr. Ramsay has a...
Jul 25, 2022•19 min•Transcript available on Metacast The 'FIRE movement' is a concept that stands for ‘financial independence, retire early,’ where your investments provide all of your income to support your lifestyle. Hence, you no longer need to work. Sounds pretty good, right? The next obvious question then is how do you achieve this? Frugal Does Not Mean Deprivation To retire early, you have to save aggressively in the market until you reach a specific dollar amount you've defined as retirement, where you can stop working and li...
Jul 18, 2022•15 min•Transcript available on Metacast What is the purpose of having wealth? Some people use their wealth benevolently to give back to society. Others use it to create generational wealth for their kids and future generations. Building wealth is an integral part of our society; however, looking ahead too far in the future can cause us to miss out on what's happening today. The Power of Now In ' The Power of Now ,' Eckhart Toley encourages us to train our minds to become more present at the moment. Toley believes 80-90%...
Jul 11, 2022•19 min•Transcript available on Metacast Reverse budgeting is the most ADHD-friendly way to down spending money into different categories. Tracking your expenses and coming to terms with where your money's going is essential in developing a better relationship with your money. Apps - like Honeydue - are great tools to begin budgeting. The most important part of reverse budgeting is identifying your goals. When you get your paycheck, put a portion of that money toward your goals first. The remainder will go toward your expenses. An...
Jul 04, 2022•17 min•Transcript available on Metacast ADHD money struggles often contribute to anxiety, stress, and strain in relationships. Dr. Stephanie Sarkis, a psychotherapist specializing in anxiety, gas lighting, narcissistic abuse, and ADHD, is joining us today to help us better understand how money and ADHD affect our relationships. Dr. Sarkis is the author of seven books, including 'ADD And Your Money,' a nationally certified and licensed mental health counselor, an American Mental Health Counselor Association Diplomat in the Fl...
Jun 27, 2022•37 min•Transcript available on Metacast Whether it's missed bill payments or impulsive spending, ADHD makes managing money more challenging, which, if we're not careful, can lead to low credit scores. The good news is you can improve your credit score and keep it in a safe zone by following a few helpful tips. You Are More Than a Number In the eyes of the financial world, your financial reliability boils down to a three-digit number, ranging between 300 to 850, known as your credit score. Lenders use that number to judge you...
Jun 20, 2022•20 min•Transcript available on Metacast Don't worry; the government doesn't tax people with ADHD. The term ADHD tax comes from the times we're charged extra fees and penalties because of having ADHD. Tina Mathams is The ADHD Accountant and a Money Coach specializing in helping clients with ADHD improve their relationship with money. She explains why ADHD makes money hard for all of us and how to avoid the ADHD tax. Impulse Spending and the ADHD Tax By nature, people with ADHD are impulsive. When we have those impulsive ...
Jun 13, 2022•28 min•Transcript available on Metacast You've been working hard on your finances, but you have kids who love to spend money almost as wildly as you used to. How do we teach our children about money? Below are age-appropriate ways to raise a financially responsible child, including some of my favorite tips. Toddlers: Lead by Example Children learn by example, and their most influential role models are usually their parents. …even parents like you and I who have ADHD. You can't teach a toddler how to budget. However, they wil...
Jun 06, 2022•17 min•Transcript available on Metacast After working hard to budget and save money the majority of the year, summer is a reward we give ourselves. Summer represents fun in the sun and vacations, spending that hard-earned money. Having ADHD can make it harder to resist some of those temptations. However, here are ten fun and easy ways to enjoy your summer. 1. Set a summer budget Think about all the things you are doing this summer, then plan out your budget in all categories for each month to make room for those expenses. 2. Use cash ...
May 30, 2022•7 min•Transcript available on Metacast The brain of an ADHDer like me switches to the off position when we think about saving, budgeting, investing, and planning for our future. Turning our finances into a game can help. What makes you want to keep playing your favorite game? Is it leveling-up? Unlocking new quests? Working towards a defined reward? Add game-like elements to make the hard things more fun and rewarding. Gamify your investing. McDonald's uses gamification via their Monopoly game to encourage customers to buy more....
May 23, 2022•17 min•Transcript available on Metacast ADHD makes managing money hard. It requires a lot of starts & stops, trials & failures, recovering, bouncing back, and resilience. We may intellectually understand why managing your money is essential, but when it comes to implementing a plan, we hit a wall. That was me too. My Story: Digging Myself Into a Hole My first job after college was as a mutual fund accounting analyst. I became hyper-fixated on becoming a wall street stock analyst. I studied to get my chartered financial analyst...
May 16, 2022•28 min•Transcript available on Metacast Navigating Stressful Times in an ADHD Divorce Research has shown people with ADHD are twice as likely to be divorced or have more than one marriage than those without. If you have ADHD, divorce can be extra messy and emotional. You owe it to yourself, and deserve the clarity, knowledge, and support needed to come out of a divorce knowing you got what you deserve. Learn about "My Divorce Solution" In this episode, I speak with Karen Chellew and Catherine Shanahan - who founded My Divorc...
May 09, 2022•31 min•Transcript available on Metacast Investing in the ADHD-Friendly Way The term ADHD-friendly means intuitive and low stress, so new investors will want to select the right investment company. After researching companies providing various automated investing services, I found one that struck me as very ADHD-friendly, covering all the bases. The service is intuitive for both novice investors and seasoned participants looking for a simplified, automated service to manage their money. In this episode I walk you through the process of...
May 02, 2022•13 min•Transcript available on Metacast Successful long-term investing is not so much about the tax treatment of your account or which investments you select. Those things are important, but they pale in comparison to the most critical variable of investing. That's what we will talk about today. Want to work with me? Check out my ADHD Planning & Coaching service . Financial planning and coaching for adults with ADHD ADHD Money Talk on YouTube Subscribe to the ADHD Money Talk Newsletter!...
Apr 25, 2022•23 min•Transcript available on Metacast Today we are going to talk about 9 key investing principles and concepts that every beginner (or pro) investor should understand. I have been fielding more and more questions from clients about how to get started investing, and so I thought it was a great time to roll out a few episodes on the topic. It is important to me that fellow ADHDers that don't have investing experience understand some key concepts and principles before they embark on an investing journey so that they are prepared f...
Apr 18, 2022•28 min•Transcript available on Metacast In this episode I talk all things lifestyle creep through the ADHD lens! Join my Facebook group! Want to work with me? Check out my ADHD Planning & Coaching service. Financial planning and coaching for adults with ADHD ADHD Money Talk on YouTube Subscribe to the ADHD Money Talk Newsletter!...
Apr 11, 2022•20 min•Transcript available on Metacast It's time for a new car. Should you lease or should you buy? In this episode, I'll talk about the differences between the two options and confess my preference. I believe one option is more ADHD-friendly than the other. Outline of the Show Your old car is breaking down! [00:45] Buying a car [3:36] Used vs. New [6:40] Leasing [8:47] Join My Facebook Group! Want to work with me? Check out my ADHD Planning & Coaching service . Help Me Out! If you enjoyed this podcast, the best way to ...
Apr 04, 2022•17 min•Transcript available on Metacast 
