Category: Finances

Retirement Options for Entrepreneurs with Darren Wurz (Ep. 26)

Retirement Options for Entrepreneurs with Darren Wurz (Ep. 26)

As a business owner, securing your financial future requires making important decisions and considering various factors. 

It’s easy to get caught up in the daily hustle and forget about the need to build a strong retirement plan.

In this episode, Financial Dignity® Coach, Christine Luken, sits down with Darren Wurz, co-owner of Wurz Financial Services and host of The Lawyer Millionaire Podcast. They dive into retirement savings options for business owners. They explore strategies like backdoor Roth IRAs and solo 401(k) plans. Darren also highlights the importance of building savings outside of retirement accounts and cautions against relying solely on the sale of assets.

Christine and Darren discuss: 

  • Darren’s background and experience in financial planning for attorneys and law firm owners
  • The difficulty for self-employed individuals to prioritize saving for retirement
  • Retirement savings options for solo entrepreneurs and small business owners
  • The benefits of a cash balance plan for retirement savings
  • Non-qualified compensation plans
  • The importance of considering saving and investing outside of retirement accounts
  • The potential pitfalls of relying solely on the sale of a business or property for retirement savings
  • And more!

 

Resources:

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Connect with Darren Wurz:

About our Guest: 

Darren Wurz specializes in financial planning for law firm owners. He is a Certified Financial Planner® Professional with an M.S. in Financial Planning from Golden Gate University. As a fiduciary and fee-only advisor, he has developed expertise in the unique financial planning needs of those in the legal profession, and he now specializes in serving attorneys and law firm owners across the country. His mission is to help his clients achieve financial independence as they define it. As a small business owner himself, he is deeply familiar with the challenges of solo practitioners and small firm owners.

He is the host of The Lawyer Millionaire Podcast, available wherever you get your podcasts, and author of The Lawyer Millionaire: The Complete Guide for Attorneys on Maximizing Wealth, Minimizing Taxes, and Retiring with Confidence, published by the American Bar Association. Darren is a member of the American Bar Association and the Financial Planning Association. Locally, he is a member of the Cincinnati Bar Association, the Northern Kentucky Bar Association, and the Covington Business Council. His office is located in Cincinnati, OH, and he was born and raised in Toledo, OH.

Money Is Not Evil (Ep. 25)

Money Is Not Evil (Ep. 25)

Have you ever felt guilty about desiring wealth? Have you been told that money is the root of all evil? 

Dive into this episode as Financial Dignity® Coach, Christine Luken, unravels the intricate ties between money, spirituality, and morality! Dismantling long-standing myths and drawing from the wisdom of thought leaders and spiritual  teachings, this transformative journey offers a balanced view of wealth, fostering a positive and dignified relationship with finances.

Throughout the episode, Christine dives into:

  • Discover the paradigm shift that recognizing money as a tool creates in your wealth perspective
  • Debunking misconceptions around wealth and spirituality
  • How to navigate wealth, embody generosity, and respond to scrutiny with grace and dignity
  • How to ensure that money is your servant, not your master 
  • How to uncover, process, and heal your emotional money triggers to achieve financial dignity and success
  • And more!

 

Resources:

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Understanding & Healing Money Wounds With Emily Wilcox (Ep. 24)

Understanding & Healing Money Wounds With Emily Wilcox (Ep. 24)

It’s rare to find a person without emotional money baggage. Most of us have at least one money wound haunting us from the past. What’s yours?

Dive into this episode with Financial Dignity® Coach, Christine Luken, as she hangs out with the fabulous Emily Wilcox, the Money Healer and Business Guru. Emily reveals  her own money wounds  and how they inspired her to make it her medicine to help fellow female  entrepreneurs. Ever heard of the “Money Shame Wound” and “Hard Money Wound”? Emily breaks them down and lets us in on her secret to make those money wounds vanish!

Christine and Emily discuss: 

  • Emily’s journey from money mishaps to financial finesse, and why she’s passionate about guiding entrepreneurs on a similar path
  • The skinny on money wounds: What they are and the signs you might have one
  • Unraveling the mysteries of the “Money Shame Wound” and the “Hard Money Wound”
  • Emily’s effective strategies to smooth out those financial creases
  • And more

 

Resources:

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About our Guest: 

Emily Wilcox is a Multi 7-Fig CEO and Business Coach, Money and Business Mentor, Podcaster, and Creator of Money Wound Medicine. Emily is on a mission to bring more conscious wealth to this planet by helping entrepreneurs heal their money wounds and call in big, aligned, joyous moolah. She is happily married for over 12 years, a mom of two amazing kids, and loves crossfit and pilates in her spare time.

Debt with a Purpose (Ep. 23)

Debt with a Purpose (Ep. 23)

Are you using debt as a sling shot or a shovel?

In this episode, Financial Dignity® Coach Christine Luken challenges conventional wisdom about debt, offering a nuanced perspective on what is often viewed as a financial no-go zone.  Far from being just a problem or a solution, debt is a tool with many faces. Christine breaks down how to navigate debt responsibly, and what sets “good debt” apart from “bad debt.”

Throughout the episode, Christine covers:

  • How chef’s knife and dumbbell analogies illuminate debt’s dual nature: useful or harmful
  • The essential differences between “good debt” that propels you forward and “bad debt” that entraps you
  • How to assess your comfort level with debt before taking the plunge
  • Why the concept of “prolonged pleasure” is a healthier alternative to instant gratification
  • And more!

 

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The Color of Money With Michelle Lewis (Ep. 22)

The Color of Money With Michelle Lewis (Ep. 22)

Ever wonder why you feel calm in a green room or why red makes your heart race?

In this episode, our guest, Color Psychology Strategist Michelle Lewis, plunges into the mesmerizing field of color psychology. Explore how color not only influences your emotions but also significantly impacts your financial decisions, relationships, and business interactions

In this episode, Financial Dignity® Coach, Christine Luken and Michelle discuss:

  • The soothing power of green in fostering financial stability
  • How opting for purple in business meetings can boost trust
  • Navigating delicate financial conversations with your partner using colors like purple and orange
  • Aligning your daily attire with your goals for maximum effectiveness
  • How to turn your wardrobe into a toolkit for emotional and psychological well-being
  • And more!

 

Resources:

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About our Guest: 

Michelle Lewis is a Color Psychology Strategist and Visual Presence Expert. Michelle specializes in turning struggling brands into eye-catching success stories. Through her signature Color Course, she helps businesses find their unique brand color and voice, attracting the right customers and boosting sales. She’s been featured on prominent platforms like TEDx, The Huffington Post, and EOFire. Whether you’re a solo entrepreneur or a large corporation, Michelle’s innovative strategies in color psychology and visibility can revolutionize your business.

Are You Helping or Enabling? (Ep. 20)

Are You Helping or Enabling? (Ep. 20)

Have you ever wondered if your acts of kindness are truly helping or unintentionally fueling poor financial habits? 

Brace yourself for a mind-bending exploration as Christine dives deep into the world of financial enablement, deciphering its meaning and empowering you with the tools to identify and address this delicate issue head-on.

With a dash of wisdom and a sprinkle of practical advice, Christine will guide you through setting healthy boundaries and fostering financial independence for your loved ones. Get ready to reclaim your own financial power while supporting those you care about.

In this episode, Christine explores:

  • Unveiling the fine line between helping and enabling
  • Recognizing when your “help” falls short of being helpful
  • The crucial first step to fixing the enabling dynamic
  • Preparing for “the talk” and establishing healthy money boundaries
  • And much more insightful advice to transform your financial relationships!

 

Resources:

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Triumphing Over Financial Abuse With Allison Dagney (Ep. 19)

Triumphing Over Financial Abuse With Allison Dagney (Ep. 19)

Have you ever felt like you had no control over your finances? 

Financial abuse is a common form of domestic violence that can leave people feeling helpless and trapped. 

In this episode, Financial Dignity® Coach, Christine Luken invites Allison Dagney, author of “When Tears Leave Scars”, to discuss the warning signs of financial abuse and how to overcome its effects. 

Allison also shares her journey of transforming her relationship with money after her divorce, which was initially filled with fear and anxiety due to the conditioning and programming from her previous marriage. 

Allison discusses: 

  • How to recognize emotional and financial abuse
  • Her personal story experiencing financial and emotional abuse and what she would tell her past self
  • How she escaped the relationship and discreetly saved up resources to live on her own
  • Her recovery journey–the strategies she is using to regain confidence, control, and peace of mind
  • And more

 

Resources:

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About Allison Dagney: 

As a young adult, Allison met a man who she believed was the love of her life. They got married quickly and brought three kids into the world. But something was wrong. She was miserable. And she blamed herself for all the problems in their marriage. What she didn’t know was that she was being emotionally abused by who she believed was a narcissist. Allison decided it was time to break free and step into the person she was always meant to be — confident and free to live the life she’d always imagined. 

Allison escaped, and she turned her personal story of transformation into a memoir. And now she coaches women all over the world to help them stop thinking of the painful past, experience peace, and start enjoying life like never before.

The Financial Dignity® Formula (Ep. 18)

The Financial Dignity® Formula (Ep. 18)

Unleash your inner money magician with Christine Luken’s enchanting formula for lasting Financial Dignity®! Wave goodbye to debt, skyrocket your net worth, and embark on a whimsical adventure to financial abundance! Abracadabra, it’s time to play with your money!

In this episode, Financial Dignity® Coach, Christine Luken, shares the Financial Dignity® Formula with you. She breaks down the formula into 5 parts: your relationship with money, building a prosperity plan, mastering your debt, emotionally charging your savings, and investing in yourself, and shares some case studies and examples to help you apply the Financial Dignity® Formula to your finances.

Christine discusses: 

  • How to develop a positive relationship with your money
  • How a prosperity plan can eliminate the problems with extreme budgeting
  • How you can master your debt by using it wisely and in moderation
  • How you can emotionally charge one of the important goals you want to save for
  • Why you should invest in yourself and your financial future
  • And more

 

Resources:

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Badass Retirement With Robert Pagliarini, Ph.D., CFP® (Ep. 17)

Badass Retirement With Robert Pagliarini, Ph.D., CFP® (Ep. 17)

Retirement: it’s a world of endless possibilities! Some folks love nothing more than basking on a sandy beach, while others crave a daring adventure.

Join us for an exciting episode as Financial Dignity® Coach, Christine Luken, teams up with the incredible Robert Pagliarini, Ph.D., CFP®, to banish the notion of an “average retirement” and embrace the concept of a “Badass Retirement”! Get ready to learn why people are ditching the beach dreams for thrilling escapades, the vital role of staying healthy in retirement, and discover how you can achieve your very own badass retirement!

In this episode, listen and learn as Christine and Robert dive into:

  • The epic disparities between an average retirement and a badass retirement
  • Who is cut out for the daring adventures of a badass retirement (spoiler alert: it’s not for the faint-hearted)
  • How the space between desire and achievement can ignite our inner fire and drive us towards greatness
  • The secret sauce of upgrading your health for a truly badass retirement, with stories from Robert’s own clients
  • The steps you can start taking a decade or more before retirement to set the stage for your own kick-ass retirement
  • And much, much more!

 

Resources:

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Connect with Robert Pagliarini:

About our Guest: 

Robert Pagliarini, Ph.D., CFP® is the president of Pacifica Wealth, a Certified Financial Planner®, a Certified Divorce Financial Analyst, and the author of five books, including “Badass Retirement”. He’s not your typical financial professional, but is quite the adventurer! Robert has climbed Mt.  Kilimanjaro, hiked the Inca Trail to Machu Picchu, and hang-glided in Brazil!