Rewrite Your Money Story and Change Your Life (Feat. Clarita Escalante)

I’m Amanda Hanquist, the Fit Financial. On today’s episode I am sharing with you a podcast recording from my good friend Clarita Escalante. She interviewed me about how we as women can change our money story, it was so good I had to bring it over to our platform. In this episode we talk about emotional money triggers, creating consistency, what really is wealth and finally the steps you can take to start your money journey today, I hope you enjoy! 

 Entrepreneurs have a missing link with the education of money 

• We can’t “meditate” or health coach our way to financial security 

Amanda’s Story and path to The Fit Financial 

• The coloration of health and wealth 
• We can’t fight inner peace if we have this inward battle with finance 
• My “mess becoming my message”- the grief process and trauma triggering poor relationship with money 
• being a careless entrepreneur, to learning the financial principles 
• The moment of courage to change 
• Making a plan, Paying off the debt 
• The entitlement mentality causing bad habits again 

My Entire year of no personal shopping 

• Uncovering triggers of what’s causing the “want” 
• No amount of money will ever fill the void that needs to be filled 
• Putting up guardrails- ex. Unfollowing influencers, unsubscribing from email lists and accountability for your goals 
• The constant culture of newness, not enoughness and fast fashion and anxiety from over-consumption 

What is wealth 

• Wealth can sound unrelatable and intimidating- wealth has a different meaning for everyone, for me it means financial independence 
• Similar to health and wellness, Consistency is key when it comes to generating long term wealth 

Steps to Start your wealth journey, the financial order of operations 

1. Laying the foundation 
   1. Deciding that you’re going to change, having the courage to say “today is the day” 
   2. Lay it all out there- the point of understanding of where you’re at and what all you have 
   3. Creating your goal – knowing how much money you need to make; do you need to budget and just get in check, or do you need to make more money? 
2. Emergency Savings- 3-6 months of bills in savings 
3. Tackle high interest debt- 
   1. any interest in the double digits 
   2. Avalanche or Snowball 
4. Qualified savings  
   1. Do you need a Roth IRA or a traditional 
   2. Entrepreneurs do we need to look at Solo 401k’s SEP IRA’s? 
   3. Tax savings strategies 
5. Non-qualified savings 
   1. Cash is king and we don’t want all of our money wrapped in red tape 
   2. Other investment opportunities 
6. Future Dreams 
   1. Paying for kids' education, second home, second vehicle, fun spending, more speculative investing, luxury items 
7. Paying off high debt 
   1. Student loans or low interest long term mortgages 

What impact do I want to make 

• For women to experience the freedom that comes from a positive relationship with money 
• Radical honesty and courage to start 

Thank you for listening to The Fit Financial. If you liked this episode, please be sure to subscribe and leave a review. Find me on Instagram at the fit financial or if you’d like to know how you can work with us directly, Visit us at fitwealthadvisors.com 

IG: Amanda @thefitfinancial_ 

IG: Clarita @the_clarita_escelante 

The fit financial is brought to you by Fit wealth advisors. Fit Wealth Advisors is an investment adviser registered under the Investment Advisers Act of 1940. Registration as an investment adviser does not imply any level of skill or training. This presentation has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation.