The Heart of Money | Financial Guidance for Couples, Money & Marriage, Motivation, Inspiration

This week, financial coach Dawnette Palmore joins Austin to discuss her journey of overcoming personal and business financial challenges. Dawnette highlights the impact of financial stress on relationships and the need for open communication with your spouse AND with your children. She offers insight into how couples can work together to achieve financial peace and model healthy money habits for t...

This episode dives into the dynamics of financial management within a marriage, discussing who should take the lead in budgeting. Austin and Bob highlight that there is no one-size-fits-all approach; instead, it depends on the unique strengths, preferences, and circumstances of each couple. While traditionally, wives may take the lead due to their attention to detail, there's a growing trend o...

Whether you're engaged, recently married or celebrating a decade as husband and wife, talking about money with your spouse is something you're probably scared to do. But it's the key to developing healthy money management habits as a couple and winning with money in your marriage. Unfortunately, many couples wait to talk about money until there's a big decision to make or they face...

This week, Austin and Bob discuss the concept of "Nerds" and "Free Spirits" when managing money in a marriage. They share their own tendencies with money and why couples often face challenges when merging their different financial habits into one combined method. Austin and Bob highlight the importance of understanding the Nerd and Free Spirit tendencies in a relationship so ea...

Austin Black welcomes James and Amberlee Rich, founders of Rich Living Coaching, to discuss their work in helping couples reduce financial stress and build confidence. They emphasize automating good financial behaviors, celebrating small wins, and the transformative power of clarity in managing personal finances, illustrating how these strategies empower clients to change their financial identitie...

In the final episode of the savings series, the conversation focuses on distinguishing between savings and investing. Savings involves putting money in a bank or money market account, offering low risk and moderate returns, mainly for short-term goals and emergencies. Investing, on the other hand, involves higher risk for potentially higher returns over the long term, such as through stocks or mut...

Brian Madeleine of Madeleine Financial Coaching joins the show this week to talk about a shift in his client base towards couples needing help with debt and financial organization. He and Austin emphasize the impact of recent economic challenges, such as inflation, on people's financial habits and stress levels, highlighting the necessity for regular financial check-ins and effective communica...

In part 3 of the Savings Strategies series, Austin and Bob discuss if couples should put their extra money toward building their savings or paying down debt. Spoiler alert - the answer is "it depends". Austin and Bob help couples analyze the many variables that impact this decision and discuss the difference in interest rates vs financial momentum, along with the type of debt you're...

Austin is joined by Jessica Pratt, a financial coach and founder of WyoU Financial Strategies. Jessica discusses her passion for helping people make confident spending decisions to save money for various goals like investing, managing risk, or simply having more fun.  Austin and Jessica discuss the distinctions between financial coaching and investment advising, agreeing that while financial advis...

In part 2 of the Savings Strategies series, Austin and Bob explore the importance of savings in financial management and provide tips on how to get started. The discussion covers challenges people face when trying to save, such as societal pressures to spend and a scarcity mindset.  Their discussion revolves around the importance of balancing financial decisions with mental and emotional well-bein...

Austin welcomes Angie Carlson, a financial coach with over 20 years of experience in finance, including a decade as a financial aid director. Angie owns Carlson Financial Coaching and specializes in helping clients manage their finances through better money communication, particularly among couples. Angie shares her personal experience of overcoming financial struggles with her husband, emphasizin...

This week, Austin and Bob begin an extensive series on savings strategies…but not from the standpoint you might expect. In fact, this first episode will explore different attitudes towards saving, from extreme penny-pinching to a more balanced approach, and why you might be causing more harm than good to your financial management if you save for the sake of saving. Instead, they talk about the imp...

This month, we’re starting a series of conversations with other financial coaches, discussing the commonalities of what we see our clients face, how we help them overcome those challenges and what tactics couples can use to start taking complete control of their money.  My first guest coach is Kelsa Dickey, with Fiscal Fitness Phoenix and the Financial Coach Academy. A 15 year veteran in the perso...

In this episode, Bob and Austin discuss the importance of financial management and outline three pillars essential for financial success. They emphasize the significance of having a vision or setting goals as the first pillar, followed by creating a plan or budget as the second pillar. They delve into the tactical aspects of budgeting and emphasize the need for understanding the emotional intellig...

David was raised to believe that money was bad and Paige grew to have a scarcity mindset around finances. When the two got engaged, it quickly became clear that money was a pain point for them both. Fortunately, they connected with Austin and joined his coaching program, which has completely transformed their financial understanding and success. This week, David and Paige share their story of find...

Coming off our conversation around managing finances and bank accounts as a couple, Bob shares his experience transitioning from managing expenses and a budget separately from his wife, to combining their expenses into a shared budget, while still maintaining separate checking accounts. This change was motivated by past struggles with financial management in previous marriages. Bob and his wife no...

There can be strong opinions around the best ways to manage finances as a couple. One of those opinions includes whether to keep finances combined into one account or separate into different accounts. This episode touches on personal experiences and perspectives Bob and Austin have with each approach, with one advocating for combined finances for the sake of unity and trust, while the other shares...

This week, our conversation revolves around discussing bad financial habits that are costing you money. Some of these habits you might not even realize you do. We emphasize the importance of budgeting, tracking expenses, and maintaining financial discipline to avoid overspending and financial stress. We also touch upon the limitations of certain financial apps and underscore the necessity of devel...

It's the end of another year and we're taking time to reflect on the biggest lessons learned in 2023. How did we succeed, where did we fall short and what is our goal for the coming year? Join us as we share how 2023 truly changed our outlook on life!

Whether you call it being frugal, being cheap or just being a tightwad, some people take great lengths to not spend money. Sometimes this is beneficial, sometimes it's comical, and other times it's nearly pitiful. But the reality remains that when someone is labeled with one of these financial attributes, they definitely know how to limit their expenses and keep a tight grip on their walle...

As we conclude our series on the 3 phases of financial achievement, we're ending on the phase that presents the most fun, the most opportunity and can change your entire life. In phase 3, you'll be focused on the future and begin to reap the rewards of focused financial management as you now start building wealth and creating independence and security with your money.

Phase 2 of your financial journey is often the hardest, the longest and yet the most rewarding. Find out how your mindset when you're gaining confidence and comfort with your finances can be the most important element to your success.

There are three levels that most people experience in their financial journey. And the most important part of the journey is having the right mindset for each phase. In this 3-part series, we take a detailed look at the obstacles, opportunities and objectives you will experience, encounter and accomplish before and after your mindset change.

We've all heard, and maybe said, the lies of society that you don't make enough to get ahead and being in debt is just a way of life. Whether you feel like your paycheck isn't big enough, or you should be farther ahead because it is....the reality is the money isn't the problem. This week - we face the fallacy head on that your income is what causes financial success and reveal wha...

We all deal with fears around money. Will we have enough, are we managing it the right way, what if something happens? Or worse - I'll never be able to get ahead. But financial fears don't have to be the way we think about money for the rest of our lives. In fact, letting your fears dictate the way you manage money will likely be the number one obstacles that holds you back from achieving...