Podcast
Money Files: Money Mindset & Personal Finance
Hosted by Keina Newell - Personal Finance & Money Mindset Expert · EN
Is money (or lack thereof) keeping you from fully enjoying your life? Are the stories you tell yourself preventing you from improving your money mindset and having a better relationship with your finances? Join Keina Newell of Wealth Over Now on Money Files: your financial toolkit and a place to start working on your money mindset, learn new financial concepts, and hear candid conversations from her clients who have been right where you are and are on the other side. If you are ready to start your financial journey, head to www.wealthovernow.com and subscribe for new episodes each week.
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236 | How to Pay Off $5,000 of Debt Before December Using Money You Already Have
1w ago00:21:01Tap to summarizeYou told yourself this was going to be the year you paid off debt. Maybe you have made some progress, maybe you have not, or maybe the debt you paid off earlier this year has quietly started creeping back up. If you are sitting in July wondering why nothing has really changed yet, this episode is for you.Here is what I want you to understand before we talk about any numbers. Paying off debt quickly is not the same thing as paying off debt for good. When you take a lump sum of money and wipe out a balance overnight, the number on your statement changes but nothing about how you think about or manage money actually changes. And if nothing changes, your debt comes back, sometimes faster than it left. That is not a willpower problem. It is a foundation problem, and that foundation is what this episode is about.I am walking you through exactly how to pay off $5,000 of debt before the end of the year using three strategies, but before any of that can happen I want to make sure you have the two things in place that every past debt payoff attempt was probably missing. Because $210 a week applied to debt with no plan underneath it is how you end up right back where you started by February.In this episode you'll learn...[00:04:20] Why paying off debt quickly almost always leads to getting right back into debt, and what has to change underneath the number before any payoff strategy is actually going to work for you[00:08:45] The two things you need to have in place before you put a single extra dollar toward your debt, including why saving for the expenses you would normally put on your credit card is the step most people skip and exactly why skipping it keeps you stuck[00:13:30] The math of paying off $5,000 before December broken down three different ways, $840 a month, $420 every two weeks, or $210 a week, and why seeing the number from different angles makes it feel more accessible[00:17:10] How to redirect money you are already spending to find your $210 a week without feeling like you are cutting everything you love out of your life, including specific examples from groceries, house cleaning, subscriptions, and DoorDash[00:21:45] How to use extra income like bonuses, refunds, mileage reimbursements, and overtime strategically so that extra money actually accelerates your debt payoff instead of disappearing before it gets there[00:26:15] How to increase your income to hit your debt payoff goal faster, including real examples from clients who monetized skills on TaskRabbit, Rover, and social media to create an extra $800 to $1,500 a monthTune in to this episode of Money Files to learn the three strategies that will help you pay off $5,000 of debt before the end of the year so you can close out December with real momentum instead of the same balance you started with.Get full show notes and the episode transcript: https://wealthovernow.com/how-to-pay-off-5000-of-debt-before-december-using-money-you-already-have/Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending planThree Money Bucket System
Transcribe →235 | My Debt Story: From a Revolving Credit Card Balance to Finally Breaking the Cycle
2w ago00:19:25Tap to summarizeIf you have ever paid off your credit card balance and watched it creep right back up within a few months, you already know that paying off debt and getting out of debt are two completely different things. In this episode I am sharing my own debt story because I think it is important for you to hear that the cycle you are in right now is one I have lived myself, and I want you to understand exactly what it took to break it.For years I carried a credit card balance of $5,000 to $6,000 that would come down with my tax refund and climb right back up before the next April. It was not because I was not trying. It was because I was using fake math. I was leaving expenses out of my budget that I did not want to look at, things like car repairs and flights home, and telling myself I would figure it out later. The figuring it out was always just me waiting for the tax refund and hoping something would finally change. Nothing changed until I got honest about what I was actually spending money on and started building a budget that told the truth about my real life.In this episode I walk you through my full debt story, from $70,000 to $80,000 in student loans to a revolving credit card balance that followed me year after year, and the specific mindset shift that finally broke the cycle for me. Because the thing I want you to hear more than anything else is that however fast you pay down your debt is also how fast you get back into debt if you have not investigated what is actually causing it.In this episode you'll learn...[00:04:15] Why Keina accepted her student loan debt and used it as motivation to earn more money instead of letting it paralyze her, and what that decision looked like practically as a teacher making $30,000 a year in St. Louis[00:09:30] How a $5,000 credit card limit changed everything and how a revolving balance of $5,000 to $6,000 became a pattern that showed up year after year no matter how many times the tax refund brought it down[00:14:45] What was actually going on underneath the credit card balance, the expenses that never made it into the budget, the fake math that kept the cycle going, and why the list of bills was never going to be enough to break it[00:19:20] Why paying off debt with a lump sum almost always leads to getting right back into debt, and what has to happen in your budget first before any payoff strategy is actually going to work long term[00:24:10] The shift that finally broke Keina's debt cycle, getting honest about every expense, building a budget that reflected her real life, and using extra income from math tutoring to pay down her balance while also fixing what was causing it[00:28:45] Why it does not matter how much debt you are in right now, whether it is $2,000 or $100,000, and what it actually means to become someone who pays off debt and stays out of debt instead of just feeling better for a few monthsTune in to this episode of Money Files to hear Keina's full debt story and understand what it actually takes to break the revolving debt cycle so you can stop paying off the same balance over and over and finally build the financial life you keep saying you want.Get full show notes and the episode transcript: https://wealthovernow.com/my-debt-story-from-a-revolving-credit-card-balance-to-finally-breaking-the-cycle/Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending planhttps://wealthovernow.com/debt-identity-series-why-debt-keeps-coming-back-and-what-to-do-about-it/
Transcribe →234 | Why You Keep Waiting to Start (And What That Waiting Is Actually Costing You)
3w ago00:23:36Tap to summarizeHave you been telling yourself you'll start when things calm down? Maybe when the debt drops a little, when the new job comes through, when the kids settle in, when you finally feel ready? I want you to sit with that for a second, because if you are honest with yourself, that future start date has already moved more than once.In this episode I am talking directly to my Keina lurkers. You know my work. You have been following along for months, maybe years. You know that you need support and you keep telling yourself you are almost ready. What I want you to understand today is that the waiting has a cost, and it is showing up in your life whether you are doing anything about it or not.I am breaking down five specific costs that do not show up on your bank statement: decision fatigue, the intention tax, stuck money, the avoidance tax, and the emotional cost that lives in the background of everything. I am also walking you through two versions of you six months from now so you can see clearly what the choice you make today actually creates.The best time to start is not when things are perfect. It is right now, in the middle of whatever is going on in your life.In this episode you'll learn...In this episode you'll learn...[00:02:10] Why your future start date keeps moving and how the cycle of waiting is keeping you comfortable in your discomfort[00:06:45] What a financial hum is and why you have stopped hearing the noise that is running in the background of your financial life[00:10:30] Why you do not need to get organized before working with a coach, and where else in your life you hire help without judging yourself for it[00:14:55] The real question: not whether you can afford coaching, but what it is costing you to keep doing this alone[00:18:20] The five costs of waiting: decision fatigue, the intention tax, stuck money, the avoidance tax, and the emotional cost that never appears on your bank statement[00:24:10] Two versions of you six months from now and why the difference between them is one decision made in the mess[00:28:40] What Keina's actual clients said when they applied, in their own words, and what they all have in common with youTune in to this episode of Money Files to understand what the cost of waiting is actually adding up to in your life, and why starting before you feel ready is the decision that changes everything.Get full show notes and the episode transcript: https://wealthovernow.com/why-you-keep-waiting-to-start-and-what-that-waiting-is-actually-costing-you/Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending plan
Transcribe →233 | Why C-Level Work Is the Key to Building a Consistent Money Practice
4w ago00:16:30Tap to summarizeYou set a goal to get your finances together. You had a solid week or two. Then life happened and you missed your money date. Now you're telling yourself the whole thing is ruined. In this episode, Keina talks directly to the high achievers and recovering perfectionists who can only start something if they're going to do it perfectly. She introduces the concept of C-level work: the small, consistent actions that keep your financial momentum going even when you can't show up at your best. C's pass. They keep you in the game. And over time, they'll get you further than a perfect grade you can only hit once in a while.In this episode you'll learn...[0:00] The pattern Keina keeps seeing in coaching sessions — clients who come to calls apologizing for not doing their homework, and why that shame response is worth examining.[2:45] What perfectionism actually looks like when it shows up in your money habits — and why the wiring that made you an A student is working against you here.[5:10] C-level work defined: it's not lowering your standards permanently. It's having a floor. The danger isn't doing C-level work — the danger is deciding that if you can't do it perfectly, you can't do it at all.[8:30] What C-level work looks like in practice: checking your bank accounts daily, paying off your credit card at the end of the week, opening your budget for 10 minutes. Concrete examples for when your best-case scenario isn't available.[12:15] Keina's own C-level work in her business (categorizing QuickBooks expenses) and why she's learned to accept it as progress in that moment.[15:00] Grit or grace? The question Keina's friend asked that reframes when to push through vs. when to give yourself room. How to know the difference in your own financial practice.[18:40] How to find your own C-level work and why Keina asks her clients to name it themselves rather than defaulting to what they haven't done.Tune in to this episode of Money Files to learn how to give yourself permission to do less than your best with your money without losing the momentum you've already built or starting over from scratch.Get full show notes and the episode transcript: https://wealthovernow.com/why-c-level-work-is-the-key-to-building-a-consistent-money-practice/Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending plan
Transcribe →232 | How to Create a Joy List That Keeps Emotional Spending From Derailing Your Budget
Jun 1600:13:15Tap to summarizeAre you spending money to feel better? Just sit with that question for a second before we dive in, because if you had to answer it honestly, the answer is probably yes. And that is not a bad thing on its own, but what I want you to think about today is whether the spending is actually delivering what you are looking for when you reach for your wallet.A few weeks ago I had one of those stretches where the weather in DC was gray and rainy for seven days straight and everything felt harder than it needed to be. A friend invited me over, we ordered DoorDash, I spent $80, and the next morning I woke up feeling like that was some of the best money I had spent in a long time. Not because of the food, but because I changed my environment, reset my mood, and got exactly the connection I was looking for. That $80 worked because I was conscious about what I was actually buying myself and it was not something I do every week on autopilot.That is the difference I want to talk about in this episode, because a lot of our spending habits started out of emotion and then became routine, and once something becomes a default we stop asking whether it is actually giving us what we need. In this episode I am introducing something I call the joy list, a simple two-sided tool that gives you something to reach for when you are having one of those days so that you can honor both your emotions and the financial goals you have already committed to.In this episode you'll learn...[00:04:30] Why so many of our spending decisions are emotional even when we think they are rational, and why that is not the problem we think it is[00:08:15] How spending from emotion becomes a default habit and why we stop evaluating whether it is actually giving us the relief, connection, or joy we are looking for[00:12:40] What the joy list is, why it has two sides, and how building one gives you a different outlet to reach for when you have already decided where your money is going this month[00:17:20] How to figure out what actually fills you up that costs money versus what fills you up that is completely free, and why the free side of the list is harder to build but more important than you think[00:21:45] How to use your joy list in real time so that the next time you are about to spend to feel better you can pause and ask yourself whether this is actually the best way to get what you need right nowTune in to this episode of Money Files to learn how to create a joy list that helps you get what you actually need in the hard moments without letting emotional spending derail the financial goals you have already set for yourself.Get full show notes and the episode transcript: https://wealthovernow.com/how-to-create-a-joy-list-that-keeps-emotional-spending-from-derailing-your-budget/ Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending plan
Transcribe →231 | The Three Numbers Most Likely to Be Wrong in Your Budget Right Now
Jun 900:18:07Tap to summarizeYou have a budget, or at least a list of bills you have been working from, and somewhere along the way the economy shifted, prices went up, and your budget stayed exactly where it was. So now you are getting to the end of the month wondering where your money went even though you feel like nothing has changed about the way you spend.This episode is about the gap between what you think you are spending and what you are actually spending, and the three specific numbers that are most likely causing it. I call them creeper numbers because they do not change dramatically overnight. They shift slowly, a few dollars at a time, and because the change is gradual most people do not notice until they are significantly off from reality. That slow drift adds up, and if you are not reviewing these numbers every six months your budget is running on information that no longer reflects your actual life.In this episode I am giving you the exact method I use with my clients to find the real number for each one, including how to use your last two weeks of grocery receipts to calculate what you are actually spending, the fill-up formula for gas that builds in real world cushion, and how to pull your utility history to find an average that stops you from being caught short every time the seasons change. This is not about spending less. It is about knowing what you are spending so your budget stops lying to you and you stop feeling behind for a reason you cannot explain.[00:04:15] Why your grocery budget is probably the most disagreed-upon number in your budget and how to use the two week receipt method to find what you are actually spending[00:09:30] How to use the fill-up formula to calculate your real gas number based on what it costs to fill your tank right now and why I always add one extra tank as a buffer[00:14:45] Why utility bills are the most invisible creeper number in your budget and how to pull your billing history to calculate a 12-month average that keeps you from being caught short when the seasons change[00:19:20] How often to review these three numbers and why checking them every six months is the difference between a budget that reflects your actual life and one quietly running on fake math[00:22:10] What updating these three numbers actually does for your savings, your debt payoff, and your ability to stop getting to the end of the month wondering where your money wentTune in to this episode of Money Files to find the three numbers most likely to be outdated in your budget and walk away with the exact method to update each one so your budget finally reflects what is actually happening in your life.Get full show notes and the episode transcript: https://wealthovernow.com/the-three-numbers-most-likely-to-be-wrong-in-your-budget-right-now/Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending plan
Transcribe →230 | Financial Emergence: The Identity Shift That Actually Gets You to Your Money Goals
Jun 200:19:43Tap to summarizeYou started this year with an intention. Maybe it was January 1st, maybe it was sometime before the new year even started, but at some point you told yourself this was going to be the year you finally got out of debt, started budgeting for real, or stopped living paycheck to paycheck. And now we're in the middle of the year and if you're being honest, you're somewhere between "I made some progress" and "I honestly don't know what happened since January."This episode isn't about your budget or your numbers. It's about what's actually missing, and it has nothing to do with how much debt you're in, how much you make, or how much you have or haven't saved.What I want you to understand is that reaching your financial goals isn't just about setting them, it's about becoming someone new in the process. I'm introducing a concept I call financial emergence, which is the identity shift that happens when you stop trying to force yourself into a goal and start actually becoming the person who can hold it. Just like a caterpillar doesn't go in the same way it comes out, you're not going to reach your financial goals as the same version of yourself that set them, and that is the real work this episode is about.In this episode I walk you through what financial emergence looks like in real life, not on a vision board and not in a pretty spreadsheet, but on a Tuesday when things feel hard and nothing is going as planned. I also share a three-column exercise you can do today to identify your financial intentions, name what's most likely to get in the way, and decide in advance exactly how your emerging self responds when that moment comes.In this episode you'll learn...[00:04:22] What financial emergence actually means and why your financial journey will always have peaks and valleys, and why that's not evidence that you're failing but evidence that you're in process[00:08:15] Why setting a financial goal is not the same thing as building a financial identity, and why the goal alone will never be enough to get you to the other side of where you're trying to go[00:12:40] What it looks like when the emerging version of you responds to overspending, shame around debt, or a last-minute trip invitation you've already decided your money can't say yes to right now[00:18:30] Why your financial journey isn't linear and never has been, and how to use that understanding to change the conversation you have with yourself in the hard moments instead of closing the app and avoiding your numbers for two weeks[00:22:10] The three-column exercise that helps you decide in advance who you're becoming so that when the hard moment arrives, you already know exactly what to say to yourself and how to keep moving forwardTune in to this episode of Money Files to understand what financial emergence is and how it changes everything about the way you see yourself, talk to yourself, and show up for your financial goals especially when it gets hard.Get full show notes and the episode transcript: https://wealthovernow.com/financial-emergence-the-identity-shift-that-actually-gets-you-to-your-money-goals/Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending plan
Transcribe →229 | If You've Ever Said I'll Figure It Out About Your Finances, This Episode Is for You
May 2600:22:35Tap to summarizeThere is a phrase you have probably said to yourself this week, maybe even this morning on the way to work, when that bill you keep pushing to the back of your brain showed up again. And that phrase is "I'll figure it out." It feels harmless in the moment because it always has been, you've made it work, you've kept the lights on, you've gotten to the next paycheck. But that quiet habit of figuring it out has become a financial identity, and it is costing you thousands of dollars every single year.In this episode I am calling you out in the most loving way I know how because I want you to understand what is really happening underneath the surface when you tell yourself you'll figure it out later. For a lot of high earners it has become a default response that lives right next to a low level of guilt and shame about the gap between what you earn and what you actually have to show for it, and when shame is running in the background, avoiding your finances feels safer than looking at the truth.I will also walk through exactly what figuring it out is costing you in real dollars, from overdraft fees to forgotten subscriptions to the intention tax that keeps eating away at money you could be putting toward something that actually matters to you.In this episode you'll learn...[00:04:18] What the "I'll figure it out" identity actually looks like in real life and why it has nothing to do with you being bad at math or not making enough money[00:08:45] How shame quietly drives financial avoidance for high earners and why not looking at your bank account feels like the safest option when you make really good money but don't have much to show for it[00:13:20] The real dollar cost of figuring it out, from overdraft fees that add up to hundreds of dollars a year to subscriptions quietly draining three hundred dollars a month from your account in money you never meant to spend[00:18:10] Why the figure it out mentality could actually be limiting how much money you earn, because if you don't trust yourself to manage what you already make, it becomes harder to go after the opportunities that would pay you more[00:23:45] What it looks like to actually figure it out, not just survive to the next paycheck, but have a real system that lets you travel, pay off debt, and come back from summer knowing exactly what is in your bank account[00:28:30] What the intention tax is and how closing the gap between what you intend to do with your money and what you actually do is where thousands of dollars are hiding in your finances right nowTune in to this episode of Money Files to understand what the figure it out mentality is really costing you and what becomes possible when you replace it with an actual plan for your money.Get full show notes and the episode transcript: https://wealthovernow.com/if-youve-ever-said-ill-figure-it-out-about-your-finances-this-episode-is-for-you/ Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending plan
Transcribe →228 | Stop Being Surprised by Summer Spending: A 3-Step Budget Reset
May 1900:12:26Tap to summarizeYou told yourself you'd be more intentional this year — and then Memorial Day weekend showed up, your friends started texting, and you committed to the trips, the concerts, the rooftop brunches. If you're being honest, your emotions made spending decisions before your budget could catch up and now you're staring at your bank account wondering where your money went.In this episode I'm talking about something most people completely ignore when they decide to become intentional with their finances. Just like the weather has seasons, so does your spending — and if your budget doesn't change with it, summer will show up, do exactly what summer does, and you'll be standing in September full of regret. When the sun comes out your calendar fills up, your kids' activities change, your dining out doubles, and your "I deserve this" moments start showing up everywhere. And none of that is a problem unless you never made space for it in your budget.I'm inviting you to take a quick pause right now to get in front of your summer spending so you can go into the season with a real plan and come out of it without the guilt, the shame, or the credit card hangover.In this episode, I walk you through how to actually prepare. Because going into summer with a plan means coming out of it feeling proud of how you spent your money.In this episode you'll learn... [00:02:00] Why your budget needs to change when the seasons change, and why not planning ahead is what leaves you broke in September[00:05:00] How having kids changes your summer spending (and the expenses that sneak up on you)[00:07:30] The specific areas of your budget you need to look at right now: holiday weekends, travel, dining out, gas, and what your kids need[00:11:00] Three steps to build a real summer budget, one you can actually feel good aboutTune into this episode of Money Files to discover how to prepare your budget for a fun and financially sound summer.Get full show notes and the episode transcript: https://wealthovernow.com/stop-being-surprised-by-summer-spending-a-3-step-budget-reset/ Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending plan
Transcribe →227 | The 7 Questions to Answer Before Every Summer Trip (So You Don't Blow Your Budget)
May 1200:21:28Tap to summarizeYou’ve done it before. You come back from your trips, you drop your bags, and before you can even exhale there's that knot. The one that shows up right before you open your banking app. The one that makes you want to just wait until things settle before you look at any of it.The problem was never that you spent money. It's that you spent without a real plan. And when there's no plan, your vacation spending feels like something to “figure out” later.In this episode, I walk through exactly how to build a vacation budget, even if you’ve already planned all of your summer travel. This summer I want you to know what you’re spending before you leave, so you can enjoy every dollar you spend while you’re there and come home ready to keep going instead of spending September cleaning up summer damage. In this episode you'll learn…[00:02:30] Why summer is the season most people fall behind financially[00:06:10] The real reason you feel stressed after vacation (and how to avoid it)[00:10:45] The question most people skip when building a trip budget — especially if you have a side job, hourly work, or any income that stops when you do[00:18:20] Why food, getting ready costs, and the day you come home are the three line items most people forget to budget for [00:28:50] How to create a simple daily check-in so you stay on track while travelingTune into this episode of Money Files to discover how to create a vacation budget that helps you spend intentionally without guilt, stress, or regret afterward.Get full show notes and the episode transcript: https://wealthovernow.com/the-7-questions-to-answer-before-every-summer-trip-so-you-dont-blow-your-budget/ Links mentioned in this episode…Set up a call | Financial Coach Washington, DC | Wealth Over NowDownload my FREE spending planEP. 226 How Lisa Paid Off $15,000K in Debt and Built $7,000K in Savings in One Year
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