Description
SEASON 2; Episode 5:
How would your life change if you had complete financial freedom and security? What steps can you take today to start moving towards that goal?
Episode Summary:
In this insightful episode of Mature Allure, host Sherri O interviews Lisa Rogers Cherry, an experienced financial consultant and author. Together, they explore actionable strategies for attaining financial independence, managing debt, and preparing for a stable future. Lisa offers expert advice on essential topics like budgeting, saving, credit management, and retirement planning, empowering listeners to gain control over their finances.
Lisa Rogers Cherry is a financial consultant, financial literacy coach, and author with over 25 years in community development. She is the author of "Lifting the Burdens of Debt: A Helpful Guide to Getting Your Debts Paid and Your Life Back on Track" and has extensive experience helping individuals achieve homeownership and financial stability.
What we discuss:
[00:33] - Lisa’s background and journey in financial consulting and literacy.
[01:12] - Challenges faced by first-time homebuyers and the development of the “From Homeless to Homeownership” program.
[02:18] - Details on Lisa’s book, "Lifting the Burdens of Debt."
[03:00] - The concept of financial freedom and its importance.
[05:00] - Practical steps to go debt-free: setting goals, prioritizing debt repayment, and managing credit wisely.
[09:00] - The critical role of budgeting in maintaining financial health.
[12:00] - Considerations for making significant purchases like homes and cars, including the importance of having a savings buffer.
[15:00] - Advice for single parents, grandparents raising children, and midlife parents on budgeting and saving.
[17:00] - Planning for retirement: Start early and explore options like IRAs and additional income streams.
[21:00] - Strategies for funding college education, including scholarship applications.
Key Takeaways:
It is important to set clear financial goals and to create a detailed plan to achieve them, including making a comprehensive list of debts and prioritizing payments.
A budget acts as a spending plan, helping to manage income and expenses effectively.
Planning a secure retirement is essential in achieving financial freedom.
Learn more about Lisa Rogers Cherry :
Lisa’s Book: Lifting the Burdens of Debt: A Helpful Guide to Getting Your Debts Paid and Your Life Back on Track
Website: https://www.lisarogerscherry.com/
Instagram: https://www.instagram.com/lisarogerscherry/
Facebook: https://www.facebook.com/LisaRogersCherry
Learn more about Sherri O.:
Website: https://matureallure.blog/
Facebook: Mature Allure
YouTube: Mature Allure
Instagram: @mature.allure
Don’t forget to subscribe to the Mature Allure podcast for more inspiring stories and discussions on self-love and empowerment.
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