You’ve felt it. You’re going over the side…and it’s all crashing down. You’d better believe that Heather Chauvin has also felt it. She’s both a leadership coach and host of the Mom Is In Control podcast, and today she joins us in the basement to share her personal story of leaving a job she hated, all while maxing out her credit cards to get her side business off the ground – and by the way….also while she was battling cancer.
While sitting down with Joe, Heather also shares how she stayed motivated and shifted her life priorities from taking care of others first, to taking care of herself first – and then others. Putting her own “mask” on first (talking airline warnings here) changed her life, and it’ll do great things for you too.
Financial Lessons From Sky-Rocketing Lumber Prices.
In our first piece, we share lessons learned from rising lumber prices across the country. Much like how we love to wait until the day before a cold front to make necessary preparations, lumber runs on a “just in time” system. When an extra factor is thrown in the mix, it can throw the whole system in disarray until enough time has passed to course correct.
A financial plan made with margin for error runs close to the same fashion. The big issue? Late lumber impacts your backyard plans, a wrong financial plan messes with your retirement.
Joe and OG give their takeaways during our headlines.
Mortgage Rates Are Creeping Up
Mortgage rates are going back up, better run out and capitalize on it while you can!… or maybe not. Giving us some clarity in what is surely resulting in plenty of scary headlines, Joe sits down with Kevin Parker of Navy Federal.
Kevin shares what you need to know BEFORE making any big money decisions, plus dishes out some sound financial knowledge that’s helpful for anyone approaching loans and credit.
Best Personal Financial Success Story?
Waiting for us on the Haven Life Line is a question from Evan, who’s looking for some feel-good news after 2020. He asks: what are our best personal and professional success stories? We’re happy to share!
Of course, we’ll always leave some time for Doug’s trivia.
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Our Show Topics
Financial Lessons From Sky-Rocketing Lumber Prices.
We’ve seen this time and time again during the pandemic, but like many tangible products, lumber runs on a “just in time” system. Relying on years of data, mills produce barely enough lumber to meet the expected demand. When reality throws a curve-ball at at system running at peak capacity, things go wrong pretty quick.
Much like lumber and toilet paper (think March 2020), the same problems occur with financial planning when we don’t plan for the unexpected. A plan without emergency contingencies is a plan made to fail.
Joe and OG cover the big a-ha’s during our headlines.
Mortgage Rates Are Creeping Up.
Creeping back up after rock bottom, mortgage rates are back on the rise. Should you capitalize on the (comparatively) low rates while you still can? Joining us in the basement to talk mortgage rates is Kevin Parker of Navy Federal
Joe and Kevin discuss when to decide if big money moves are right for you, regardless of whatever flashy headline the 24/7 news cycle is playing, and Kevin also gives some good foundational knowledge for anyone approaching credit and loan systems.
You can always find completely free educational resources from Navy Federal on their site HERE.
Our Featured Guest: Heather Chauvin
A big thanks to Heather for joining us today. For those of you unfamiliar with Heather, you can hear her speak on her battle with cancer above.
Want to hear more from Heather? She’s the host of the Mom Is In Control podcast, which you can find anywhere you subscribe to Stacking Benjamins or on her site at HeatherChauvin.com.
You can order Heather’s book here: Dying To Be A Good Mother: How I Dropped the Guilt and Took Control of My Parenting and My Life
Doug has some heartfelt, if slightly misguided, memories of how his mom loved to pull his leg growing up by playing different games with him. In that spirit, he asks this mortgage-related question:
- What is an ARM?
- Roy calls asking for some positive news after the train wreck that was 2020. He asks the basement: what is our best personal and professional financial success stories?
Want to hear Heather’s past appearance on Stacking Benjamins? Listen in here: Forget Hustle, Focus on Alignment (with Heather Chauvin)
Written by: Richie Rutter-Reese
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