Shazia Imam is a life coach and the host of Feminine & Fulfilled Podcast.

Shazia Imam is a life coach who helps women unlock their deepest desires and power so they feel worthy, see their own gifts, and live their purpose. She is also the host of Feminine & Fulfilled, a podcast that features real and raw conversations with female powerhouses. Meant to inspire and spark your inner power, it serves as a weekly reminder that you are brilliant, loving, and highly capable. In this episode, Shazia shares tips for embracing an abundance mindset, and why feeling wealthy doesn’t necessarily mean having a lot of money in the bank.

Listen on Apple Podcasts | Google Podcasts | Spotify | Stitcher

Join the Financially Savvy Travelers Facebook group, a hub for travelers and money nerds who want to make informed financial decisions and connect with other budget-conscious travelers.

In this episode we cover:

  1. Ways to engineer your life.
  2. What it means to feel wealthy.
  3. Why you need a millionaire club.
  4. Books to help develop a wealthy mindset.

Resources Mentioned

Abundance Mindset Mantras

  • There is no limit to resources.
  • There is no limit to money.
  • Money grows on trees.

Connect with Shazia Imam

Shazia Imam, Life Coach & Podcaster

Podcast: Feminine & Fulfilled

Website: https://www.thelifeengineer.com/

Facebook: @shaziaTLE

Instagram: @thelifeengineer


Next Listen To:

Episode 25 – How to Earn Passive Income with Denis O’Brien

Episode 34 – Building Wealth and Moving Abroad with Damien Peters

Listen on Apple Podcasts | Google Podcasts | Spotify | Stitcher

While a lot of people have been freaking out about the market crashing, for the most part, I’ve kept calm, cool and collective. Knowing that the pandemic has been wreaking havoc on the stock market, I refused to check the balance of my retirement account. There’s no point in stressing about something that I have little control over. Right?! I went on this way for a while until my broker mailed my quarterly statement.

In this bonus episode, I share my reaction to seeing my personal rate of return nose-dive by 20% this last quarter (January to March 2020). I also share tips for managing your emotions as an investor, and how to shift your perspective to think more positively.

Want to get started investing? Get a free stock by investing with Robhinhood.

Resources Mentioned

Be Wealthy & Smart Podcast by Linda P. Jones – empowers you to financial freedom without budgets or bosses.

The NewsWorthy by Erica Mandy – helps you stay informed with quick, unbiased, and fun daily news updates.

Broke Millennial Takes on Investing by Erin Lowry is a guide to investing basics including topics such as common terminology and how to handle your anxiety during a decline.


Listen to this episode next: Tips for Downsizing Your Spending or Trade and Travel with Teri Ijeoma.

Did you enjoy this episode? Leave a review on Apple Podcasts. This helps new listeners find the show and know what to expect. Thanks for your support. I really appreciate it!

How to stay consistent in your investment strategy and how you shouldn't panic in a market decline if you're a long-term investor.

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In this episode, Acquania Escarne and I discuss Vanguard’s coronavirus market volatility research report which found that although trading among U.S. individual investors increased during the pandemic, the majority are “staying the course” and not trading in response to the market decline.

In this episode learn why it’s important to stay consistent in your investment strategy, especially if you’re a long-term investor and why you should leave your emotions out of the decision making process.

Acquania Escarne is a financial coach, freelance blogger, and podcaster committed to helping people find financial freedom and leave a legacy behind for their families. She recently launched The Purpose of Money, a podcast for women focused on building generational wealth.

Read Vanguard’s market volatility research report.

Listen to Acquania’s episode where we talk about ways to build wealth and leave a legacy behind.

Prefer to watch the video?

Press play and join me on future live steams by following me on Facebook 🙂

Report Results:

  • Between February 19th and March 20th, 2020 trading among Vanguard’s individual investors increased.
  • 8% of U.S. households made trades, but half of those only made one trade. Majority moved money into equities (stocks, mutual funds, etc) rather than fixed income (bonds and cash).
  • More than 90% of U.S. individual investors “stayed the course” and did not trade in response to the market decline.
  • Households with the highest balances moved away from equities.
    • Older and wealthier households sold their positions, while the typical trader “bought on the dip”.

In this episode we cover:

  • Potential reasons for why my most people did not trade in response to the market decline.
  • Understanding your risk tolerance.
  • Why having an investment strategy is important.
  • Why you should leave your emotions out of the decision making process.

Connect with Acquania Escarne

Website: https://www.thepurposeofmoney.com

Facebook: @rrdinvestments

Instagram: @thepurposeofmoney

Twitter: purpose_money


Want to get started investing? Get your first stock free by getting started investing with Robinhood!

Also, check out this blog post where I share the most common investment terms you should know about.

Tips for downsizing your expenses during a recession.

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These are challenging times. During the wake of the pandemic, many are facing economic loss and insecurity. The stock market is plummeting, millions have lost their jobs and many businesses have shut down. If you’re like me, over the last few weeks you’ve found yourself pivoting. Between cancelling trips and readjusting financial goals, I’ve had to make a lot of financial decisions quickly.

In light of the pandemic, if you’re considering downsizing your spending, this episode is for you.

In this episode, I share seven tips for reducing your expenses during times of uncertainly. I also share some simple ways you can gradually increase your savings as well. 

Prefer to watch the video?

No problem, press play and join me on future live steams by following me on Facebook 🙂

Did you enjoy this episode about downsizing your spending? Reach out to me via Twitter @thethoughtcard and let me know which of these tips you plan on implementing.

Listen to this episode next: How to Set Financial Goals That Lead To Success.


Want to get more money saving tips? Get access to my budgeting course Back to Budgeting Basics. In this course, learn how to track your spending and create a simple budget that you can regularly stick to. Get started with my budgeting method here.

Lastly, if you listen to The Thought Card Podcast on Apple Podcasts, please consider leaving me a rating and a review. This not only helps the show get found on search but shows potential listeners that this show is worth listening to. I really appreciate your support!

What is the racial wealth gap in America with Erika and Delina co-hosts of Broke-ish Podcast.

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In this episode we’re joined by Delina and Erika, the co-hosts of Broke-ish, a podcast which discusses how systems, laws and policies which specifically target black folks have kept us from building wealth and achieving the ‘American dream’. Broke-ish explores the duality of being Black in America and shares all the unbelievable ‘ish’ that America has done to hold Black people back. In this episode we chat about the importance of calculating your net worth and the shocking truth about the racial wealth gap in America.

As of 2019, here are the shocking facts:

  • Median household wealth for Black families = $1,700
  • Median household wealth for White families = $116,000
  • The median black family is estimated to have $0 in wealth by the year 2053

Introducing Millennial Wealth Builders, a 12-part audio docuseries highlighting Women of Color building wealth. Expect new episodes the first of the month.

In this episode we cover:

  • How to calculate your net worth
  • Why net worth is a key indicator for building wealth
  • Ways to define middle class
    • Money (economic resources)
    • Milestones (education, career, etc.)
    • Mama’nem (culture, social access, etc.)
  • Why income isn’t enough to classify yourself as middle class
  • What is the racial wealth gap in America (or the racial wealth divide)?
  • Ways we can become more involved and advocate for policy changes

Resources Mentioned

How the Racial Wealth Divide is Hollowing Out America’s Middle Class

Broke-ish: Are You Middle Class?

Equal Pay Day Observances

WOC (Women of Color) Podcasters Community

Connect with Delina and Erika:

Website: http://brokeish.com

Facebook: @brokeishpodcast

Instagram: @brokeishpodcast

Twitter: @broke_ish


If you enjoyed this episode listen to these next:

Building Wealth and Moving Abroad with Damien Peters

Leaving a Legacy Behind with Acquania Escarne

Passive Income Streams with Denis O’Brien

Become an author and start selling eBooks with the Make Money with Ebooks course.

Sign up for Digit and get $5 towards your next saving goal! 

Dielle Charon started a coaching business and matched her corporate salary in three months.

Dielle Charon is a Business Coach, Sales Expert, and the host of Black, Banked, and Booked Out Podcast. In three months she matched her corporate monthly salary with her coaching business. Dielle helps passionate side hustlers consistently sign clients in their coaching programs and service-based businesses. In this episode, we explore side hustle ideas and how to start a purposeful and profitable side hustle outside your nine to five. This episode was recorded live at She Podcasts LIVE in Atlanta. Since recording this episode, Dielle has made over $300,000 and quit her job in January 2021.

Listen on Apple Podcasts | Google Podcasts | Spotify | Sticher

In this episode we cover:

  • Why Dielle started a side hustle.
  • Side hustle ideas.
  • Why start a service-based business.
  • How she’s used her side hustle to pay off student loan debt.
  • Time management tips and how to get more done.
  • Resources to sharpen your skills including attending live events, hiring coaches, etc.

More Side Hustle Ideas Resources

Get a free stock with Robinhood

Creating A Full-Time Income On Part-time Hours

Learn how to supplement your income trading stocks with the Trade and Travel Course

Passive Income Ideas with Denis O’Brien

Traveling the world, side hustling, and paying off debt with Danielle Desir

Connect with Dielle Charon

Website: https://diellecharon.com/

Listen to Black, Banked, and Booked Out: Apple Podcast, Spotify, and Sticher

Instagram: @diellecharon


If you enjoyed this episode, check out these next:

Looking to make more money in the next year? Become an author and start selling eBooks with the Make Money with Ebooks course.

Sign up for Digit and get $5 towards your saving goals today! 

Curious about visiting Iceland? Read my latest book an Iceland travel guide for planning an affordable and adventurous trip to Iceland.

Money on the Mountain Retreat in Denver Colorado by Michelle Jackson

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Money on the Mountain Retreat is a financial retreat for financially single women. In this episode, I share my takeaways from attending the inaugural retreat hosted by Michelle Jackson in Denver, Colorado. During this retreat I also spoke on affording travel as a financially single woman including why you need a travel fund, having multiple bank accounts, tips for traveling solo and more.

Top Takeaways from Money on the Mountain

Budgeting and Business

“Get pissed off and take action.” – Phylecia Jones from iFind You Close

“Every day ask yourself, who needs to know my name.” – Phylecia Jones from iFind You Close

“Do your money check-ins on the 1st and 15th of the month in the mornings.” – Phylecia Jones from iFind You Close

Debt Repayment

“Debt means you’re paying for your past.” – Melanie Lockert from Dear Debt and Founder of Lola Retreat

“When it comes to paying down your debt, go beyond average if you want to see progress.” – Melanie Lockert from Dear Debt and Founder of Lola Retreat

Real Estate Investing

Jenny Bayless shared how to build wealth through real estate investing with the BRRR method which stands for Buy, Renovate, Rent and Repeat.

“When it comes to rental properties, purchase properties that are undervalued and in need of repair.” – Jenny Bayless

Other Resources Mentioned

Michelle Jackson is the instructor of Make Money with Ebooks course. This course is great for anyone looking to self-publish their own books and add another income stream to their mix.

Also, check out Digit, one of my favorite money-saving apps which helps you save your spare change. Here’s $5 to get started using my referral code.


Building Wealth and Moving Abroad with Damien Peters Founder of Wealth Noir

Damien Peters is a personal finance nerd and former Facebook Product Manager who started Wealth Noir to help others build wealth and gain financial freedom. He actively invests in stocks and enjoys real estate investing. Damien currently lives in Valencia, Spain with his wife and 2-year-old son. In this episode learn how to create a wealthy lifestyle where you travel in a way that makes sense with your wealth goals.

Inspired to take a career break or an adult gap year? Get access to incredible tips that will help you afford, plan, and take a career break with the Wealth Noir Work Sabbatical Summit presented by Damien Peters. Sessions include how to find the perfect location to live abroad, how to accelerate your savings, and more.

Update January 2021: Damien has since moved back to the United States.

Listen on Apple Podcasts | Google Podcasts | SpotifyStitcher

The recording of this episode was sponsored by NEFE at #FinCon19.

In this episode we cover:

  • What it means to build wealth and why it is important.
  • Why Damien chose to move to Valencia, Spain with his family.
  • The factors he considered when picking a location to move abroad including healthcare, cost of living, average temperature, political economy, safety, and more.
  • How moving abroad has helped him build wealth.
  • Recommended resources for those thinking about moving abroad and becoming an expat.
Damien Peters Founder of Wealth Noir and Danielle Desir Founder of The Thought Card
Live recording with Damien at FinCon!

Resources Mentioned:

Wealthfront

M1 Finance

Betterment

What is a Robo-Advisor and Why I Love Them

Choosing Your Expat Country

Connect with Damien Peters:

Website: https://www.wealthnoir.com/

Facebook: @wealthnoir

Instagram: @wealthnoir

Instagram (personal): therealmrpeters

Twitter: @wealthnoir

Pinterest: @wealthnoir


If you enjoyed this episode, listen to Episode 12: Emigrating to the USA with Kylie Neuhaus and Episode 22: Moving Abroad after 30 with Frantzces Lys.

Want to visit Iceland? Grab a copy of my Iceland travel guide here!

Real Estate Investing Acquania Escarne

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Acquania Escarne is the founder and CEO of RRD Investments, a real estate investment company focused on leveraging the power of real estate to create generational wealth. In addition to handling the daily demands of running RRD Investments, Acquania recently launched The Purpose of Money, a website for women focused on building generational wealth for their families.

In this episode, we chat about how to get started investing in real estate and ways to think ahead and intentionally leave a legacy behind for your family.

A special thank you to Kenny Lee Young for the outro featured on this podcast. Kenny Lee Young is a singer-songwriter out of Colorado and his music can be found at www.kennyleeyoung.com.

In this episode we cover:

  • How to get started investing in real estate
    • Save cash
    • Find a partner
  • Ways to get involved in real estate without having a lot of cash
    • Real estate investment trust (REIT)
  • Buy and rent vs. flipping houses
  • The mindset of a real estate investor
  • The importance of leaving a legacy behind
  • Ways to intentionally pass down your wealth to your loved ones
    • Get life insurance
    • Have a will
    • Individual retirement accounts
    • Invest in real estate

Resources Mentions

Show Love: Leave a Legacy – The Purpose of Money

Connect with Acquania Escarne

Website: https://www.thepurposeofmoney.com

Facebook: @rrdinvestments

Instagram: @thepurposeofmoney

Twitter: purpose_money


If you enjoyed this episode, listen to Episode 21: How to set yourself up for financial success by setting financial goals.

Need help managing your money?

Learn how to create and maintain a budget that helps you reach your financial goals sooner with the Back to Budgeting Basics course.

Denis O'Brien host of Chain of Wealth Passive Income Streams and Side Hustles

Denis O’Brien is a Chartered Accountant who is passionate about money and personal finance. Along with his wife Katie Welsh, they run Chain of Wealth a personal finance blog and podcast that inspires millennials to openly talk about money and tackle their financial issues. Together Katie and Denis have paid off $200,000 of debt in less than 2 years and they inspire others to reach their financial dreams by creating easy to understand resources. Chain of Wealth has been featured in USA Today, Nerd Wallet, Rockstar Finance, and other publications. In this episode, Denis shows us how he has set up different passive income streams to reach his goals and how you can too!

Listen on Apple Podcasts | Google PodcastSpotify | Stitcher

In this episode we cover:

  • What is a side hustle?
  • Why people should consider multiple income streams
  • The difference between side hustles and passive income
  • How to convert an active income stream into passive income
  • How passive income helps build wealth

Resources Mentioned:

Passive Income: Ideas For Setting Up Multiple Streams of Income – Chain of Wealth

Making Sense of Affiliate Marketing Course

The Millionaire Next Door by Thomas J. Stanley and William D. Danko

The Side Hustle Show by Nick Loper

Freelance Friday Podcast by Latasha James

School of Ambition Podcast by Dielle Charon

Do You Even Blog by Pete McPherson

Our Favorite Investment Apps:

Acorns – Acorns helps you invest your spare change automatically. Get $5 by signing up today.

Robinhood – Invest in stocks, ETFs, cryptocurrencies commission-free right from your phone or desktop.

Stash Invest – A micro investing app which helps you learn, save and invest.

ChangEd – Analyzes your spending, collects your spare change and puts it towards your student loans.

Connect with Denis O’Brien:

Facebook: @chainofwealth

Facebook Group: Chain of Wealth – Invest in Your Future

Twitter: @chainofwealth


Be sure to rate and review the show, and if you’d like a shout out on the next episode, screenshot your review and tag me on social media @thethoughtcard!

Multiple Bank Accounts
Saving money at the airport and why you should consider having multiple bank accounts.

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In this mini-episode, I share how you can save money on coffee at the airport and why you should have multiple bank accounts. For more money tips, join me live every Sunday over on my Facebook page (@thethoughtcard).

Tip #1: Instead of buying coffee at the airport, get free coffee during your flight. Now it might not be a latte or frappuccino but it still does the job. So if you want to save money on coffee, get it for free on your next flight.

Tip #2: Unlimited free Wi-Fi has become very popular in airports. While waiting for your flight, get some work done or connect with family and friends on social media by taking advantage of the free Wi-Fi.

Tip #3: Having multiple bank accounts is any easy way to manage your money. It allows you to see each line item on your budget separately so at a glance, you know exactly how much money you can spend.

Tips for setting up multiple bank accounts:

  • Figure out how many accounts you need based on your budget.
  • Next take advantage of automation – direct deposit money from your employer into specific bank accounts so all you have to do swipe and spend.

Resources Mentioned:

Back to Budgeting Basics: Why You Need Multiple Bank Accounts

REVIVE Your Budget Challenge – this free budgeting challenge focuses less on number crunching and more on reframing your mindset so you can reach your financial goals sooner.

Need help setting financial goals? Check out Episode 21 where we explore how setting better financial goals can lead to financial success.


This episode of The Thought Card is sponsored by my Back to Budgeting Basics course. In this self-paced online course we debunk the myths that budgeting is “hard” and I help you quickly create a personalized goal-centric budget that aligns with your priorities and values.

A budget is a powerful wealth building tool which helps you reach your financial goals. So if you tried budgeting in the past and lost momentum, or have been winging it, and haven’t really seen much progress, this course is designed for you.

If you want to pay off your debt, save some extra money or have the cash on hand to do the things you love, it’s time to take control of your finances and learn how to set yourself up for financial success with this signature budgeting course.

Tips for things to do after reaching your emergency fund goal.
I hit my savings goal…now what?


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So you’ve stashed a significant amount of money away in your emergency fund. Congratulations! But now that you’ve accomplished your savings goal, you might be wondering, what’s next? In this mini episode, I share ideas for what you can do after you’ve reached your emergency fund savings goal.

Don’t forget to join me live every Sunday over at The Thought Card on Facebook!

Why have an emergency fund?

One of my favorite sayings that you can apply to your personal finances is “When you stay ready, you never have to get ready.”

An emergency fund is important because just in case something happens, you have money set aside for unexpected expenses. It can also save you from going into debt.

For example, if you lose your job, at least you have money to cover your expenses for a few months.

More Resources:

Read >> Emergency Fund Dos and Don’ts

Listen >> Episode 21: How to Set Yourself Up for Financial Success by Setting Financial Goals

How much should you have in your emergency fund?

It really depends on how much you think you’ll need. Everyone’s savings target will be different.

However, conventional wisdom says that you should have anywhere between 3-12 months of expenses saved in your emergency fund.

How did I do it?

I started my emergency fund by saving $1,000.

This is actually what personal finance guru Dave Ramsey suggests as well. In Baby Step 1, Dave Ramsey suggests saving $1,000 in your starter emergency fund for when something unexpected comes up.

After you’ve saved $1,000 now what?

My Top Emergency Fund Milestones:

  • Save $1,000 in emergency fund
  • Save $5,000 in emergency fund
  • Have a $500 to $2,000 buffer in my main checking account. This pot of money serves as the first line of defense and gives me some leeway to spend without having to dip into my emergency fund.

Found this episode informative?

Share your thoughts by leaving a review on Apple Podcasts!


This episode of The Thought Card is sponsored by my brand new course Back to Budgeting Basics. In this fundamental budgeting course, I teach you how to create a goal centric budget that helps you accomplish your short and long term financial goals faster. I also teach you how to track where your money is going every month, organize your banking and create a simple money routine.