Episode description
Episode description
There can never be any secrets in money. Today, I have an amazing and compelling interview with Janet Lombardi, author of Bankruptcy: A Love Story. In 2007, Janet called her financial advisor for a routine check-in because she hadn’t received her annual statements in the mail yet. What her financial advisor told her changed everything: He said, “The accounts are empty. Get an accountant, get an attorney, and get a private detective.” This is Janet’s account of the financial fallout that resulted from her husband’s secret money mistakes.
I am thankful that Janet is willing to tell her story openly and honestly with the Profit Boss Radio audience. As you might have already guessed, the road to recovery was not an easy one. Janet is just as willing to offer up the lessons she has learned, as well as her own culpability in the situation. Janet had to do her homework. She was no longer able to deny the hard truths about money. What she found on the other end was a sense of empowerment and confidence when it comes to finances. I think her story will be inspiring to women who have always just referred to their husbands to handle finances. Knowledge really is power, especially when it comes to money.
Listen this week as Janet shares how she pieced together her life from bank statements and hidden documents. As a result, she’s a bit of a source on personal finance! Sometimes, the most difficult and complex situations lead to the simplest conclusions. Know where your money is, and use it well!
What You Will Learn In This Episode
- How September 11th impacted the world, but also her husband.
- Janet’s husband was struggling with addiction which intensified after the events of 9/11
- Janet was not having a shining moment in her life during the crisis point in her marriage.
- What happened when Janet knew her accounts had been drained.
- Janet had a very complex financial life, and she had to do the hard work of piecing together her husband’s money mistakes.
- As more and more devastation was revealed, Janet was still trying to reconcile all the heartbreak in her marriage.
- Through it all, Janet grew to understand herself better than ever before.
- Janet created a “Punch List” of things she needed to do to get out of debt.
- The keys to a financial rebound, and habits anyone can use to come back from a setback.
- How to find freedom through practicality.
Resources
Janet Online
Progrexion
Ignite Investing
Bankruptcy, A Love Story by Janet Lombardi
Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.