Tag: Debt

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Debt with a Purpose (Ep. 23)

Debt with a Purpose (Ep. 23)

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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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Demystifying Credit Scores (Ep. 16)

Demystifying Credit Scores (Ep. 16)

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Credit scores can be confusing! How are they calculated? Why do they go up and down? How important are they really?

In this episode, Financial Dignity® Coach, Christine Luken, demystifies credit scores and answers your burning questions about them! She covers the basics from what your credit score is and how it’s calculated, all the way to how important your credit score is to your overall financial health.

Christine discusses: 

  • What a credit score is and how it’s calculated
  • What affects your credit score
  • What your credit score affects other than your ability to borrow money
  • How to improve your credit score without taking on a lot of debt
  • Why it’s more important to focus on your net worth than your credit score
  • And more!

 

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Debt-Busting 101: The Top 5 Methods to Say Goodbye to Bad Debt (Ep. 7)

Debt-Busting 101: The Top 5 Methods to Say Goodbye to Bad Debt (Ep. 7)

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Ready to kick debt to the curb? Whether you’re a debt newbie or a seasoned pro, this episode is for you! 

Join Financial Dignity® Coach, Christine Luken, as she shares 5 different strategies for paying off debt and the perfect scenarios to use them in. Plus, she’ll be dishing out some helpful resources for managing debt so you can be on your way to financial freedom in no time. It’s time to say goodbye to those pesky bills and hello to the good life! 

In this episode, you will learn: 

  • Why it’s always a good time to start paying off your debt, regardless of the time of the year
  • Why a key step to paying off debt is making a promise to yourself to stop digging the hole deeper
  • The top 5 ways to pay off debt and how to choose the one that works best for you
  • Mix and match the methods for a powerful debt-busting combo
  • And that’s not all, folks!

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Why You Should Let Your Kids Fail With Money With James Lenhoff (Ep. 4)

Why You Should Let Your Kids Fail With Money With James Lenhoff (Ep. 4)

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Every parent wants their children to be successful financially, but running to the rescue can actually hinder their financial growth and understanding. 

The hard truth: Let your kids fail

In this episode, Financial Dignity® Coach, Christine Luken, speaks with author, podcast host, and co-founder James Lenhoff, CFP® about how to set kids up for financial success. James focuses on why letting kids and teenagers fail with money is beneficial to their financial literacy and shares his experience with letting his own kids experience failure with money.

Christine and James discuss: 

  • Why parents often swoop in and rescue their kids rather than letting them experience failure with money
  • Some of the long-term issues that result from making financial mistakes as a child or teenager without any financial consequences
  • What the progression of “failing with money” in a controlled environment looks like
  • The long-term benefits of letting kids fail with money when the amounts and consequences are relatively small
  • And more

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About our Guest: 

James Lenhoff, CFP® is the Director Of Mission and co-founder of Wealthquest. James is a certified financial planner and a certified life coach. He is passionate about the emotional and relational aspects of money and is on a mission to change the conversation about money. James is the author of “Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth” and he is the host of The Rich Life Podcast.

James has been married to his wife, Amy, for over 20 years. They have three children. Max, Wes, and Mia. In his free time, he loves to share adventures with his family through travel, golfing, and boating.

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High Income, Hot Mess (Ep. 3)

High Income, Hot Mess (Ep. 3)

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Contrary to popular belief, more money won’t fix your financial problems! (If that were true, then celebrities and professional athletes would never go bankrupt.)

In this episode of Money Is Emotional, Christine Luken, Financial Dignity® Coach, talks about why some high-income earners are a hot mess and how they can climb out of the seemingly never-ending spending cycle.

Christine discusses: 

  • How you can a have high income and still struggle financially
  • How high-income earners and business owners can live freely and avoid living on a strict budget
  • What a “Dream Session” is and how it can help alleviate the societal pressures of keeping up certain appearances 
  • Why not asking for help leads to getting caught in the money shame cycle, and how to get out of it
  • …and so much more!

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About Your Host, Christine Luken:

Ready for money to support your happiness rather than stress you out? Then you need Christine Luken, Financial Dignity® Coach, in your corner!

 As the Founder of the Financial Dignity® Movement, Christine has coached hundreds of high-earning professionals, business owners, and divorcing women to pay off staggering amounts of debt and massively increase their net worth. The author of several books, including Money is Emotional and Financial Dignity® After Divorce, Christine blends wise money management with emotional intelligence.  

When she’s not coaching clients from her home office in Cincinnati, you can find this National Association of Divorce Professionals member curled up with a good book, a fluffy cat, and a strong cup of coffee. 

Introducing our host and star of the Money is Emotional show, Christine Luken.

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Why Money is So Emotional (Ep. 2)

Why Money is So Emotional (Ep. 2)

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Forget trying to take emotions out of your money. Instead, commit to increasing your emotional money IQ. 

As the Financial Dignity® Coach, Christine Luken, started this podcast to empower you with the tools to do just that. Rather than fighting against our emotions, we can learn how to harness their power to make financial decisions we’re confident with both now and later. 

In this week’s episode, Christine dives deeper into the brain science behind how we think about money. She also discusses her new course, Magnetic Money Mindset®. It provides all the tools you need to harness the power of your unconscious mind to win with money!  http://www.magneticmindsetbundle.com/. 

Christine discusses: 

  • Why money is a taboo subject to discuss 
  • The importance of working smarter, not harder for your money
  • What the reticular activating system is and how it relates to your mind and money
  • Why financial decisions aren’t made in a vacuum
  • And so much more!

Resources:

Connect with Christine: 

About Your Host, Christine Luken:

Ready for money to support your happiness, rather than stress you out? Then you need Christine Luken, Financial Dignity® Coach in your corner!

 As the Founder of the Financial Dignity® Movement, Christine has coached hundreds of high-earning professionals, business owners, and divorcing women to pay off staggering amounts of debt and massively increase their net worth. The author of several books, including Money is Emotional and Financial Dignity® After Divorce, Christine blends wise money management with emotional intelligence.  

When she’s not coaching clients from her home office in Cincinnati, you can find this member of the National Association of Divorce Professionals curled up with a good book, a fluffy cat, and a strong cup of coffee. 

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I Let My Heart Hijack My Wallet (Ep. 1)

I Let My Heart Hijack My Wallet (Ep. 1)

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Success in personal finance is a balance of both wise money management and emotional intelligence. A lesson our host Christine Luken learned in her 20s while navigating through debt, ruined credit, no money in the bank, shame and embarrassment.

Today, She is the Financial Dignity® Coach, helping thousands of people to pay off massive amounts of debt and drastically improve their net worth!

In this inaugural episode of Money is Emotional Podcast, we get to know Christine. She shares lessons learned from her own financial hardship and how she’s navigated to become the Financial Dignity® Coach she is today. Christine helps others clean up their finances, unburden themselves from the weight of their money worries, and transition out of money stress and into lasting Financial Dignity®! Christine also discusses her book Money is Emotional, which is available on Amazon, Audible, or at www.MoneyIsEmotional.com

Christine discusses: 

  • How she got into debt in her 20s despite having an accounting degree and how she managed to get out
  • How and why she started the Financial Dignity® Coach and who she helps
  • Her book Money is Emotional and how it can help you!
  • ….And so much more!

Resources:

Connect with Christine: 

About Christine Luken: 

Ready for money to support your happiness, rather than stress you out? Then you need Christine Luken, Financial Dignity® Coach in your corner!

As the Founder of the Financial Dignity® Movement, Christine has coached hundreds of high-earning professionals, business owners, and divorcing women to pay off staggering amounts of debt and massively increase their net worth. The author of several books, including Money is Emotional and Financial Dignity® After Divorce, Christine blends wise money management with emotional intelligence.  

When she’s not coaching clients from her home office in Cincinnati, you can find this member of the National Association of Divorce Professionals curled up with a good book, a fluffy cat, and a strong cup of coffee. 

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