Building Wealth as a Woman

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Radio. This is Beyond Confidence with
your host Dvaparnk. Do you want to

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live a more fulfilling life? Do
you want to live your legacy and achieve

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your personal, professional, and financial
goals? Well? Coming up on Dvaparnk's

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Beyond Confidence, you will hear real
stories of leaders, entrepreneurs, and achievers

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who have stepped into discomfort, shanner
their status quo, and are living the

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life they want. You will learn
how relationships are the key to achieving your

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aspirations and financial goals. Moving your
career business forward does not have to happen

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at the expense of your personal or
family life, or vice versa. Learn

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more at www dot givapark dot com
and you can connect with div you at

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contact at Giva park dot com.
This is beyond confidence and now here's your

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host, give you a park.
Good morning, listeners, It's Tuesday and

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I'm thrilled to be here with you. So I want to share a quick

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story. What happened was just a
few days back. It was fascinating.

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I was walking, you know,
one with the nature, hearing the rustle

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of the leaves and the switch of
the wind and chirping of the birds,

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and then something kicked in and I
jumped. So what happened was out of

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the corner of my eye I saw
baby copper head snake. So if I

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had probably stepped on it, I
would have been bitten. Baby copper snakes

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are pretty venomous. So where I'm
going with this is being present for yourself,

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being present for others, and I
want to share that. That's why

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I cherish my time with you,
because you'll provide that time to us and

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you're part of the family. So
thank you to each and every one of

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you who have got our books.
If you've not got our books, please

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get them because part of the profits
go help women entrepreneurs all across the globe

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keyboard dot org you can check it
out. Not only that any of our

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books, especially the two that you're
seeing behind Expert to Influencer and The Entrepreneur's

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Garden will change your lives. And
how can I say that? It's based

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on the experiences of the readers and
their feedback. And as always, I'm

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going to invite you to take that
hour, split it into multiple times and

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keep that kind of circle going,
because a little kindness goes a long way.

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And the story that I want to
share with you of kindness is I

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love walking, as most of you
most likely know, And just a couple

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of days back, I was going
and this beautiful, energetic, wonderful woman

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going on a bike. It didn't
matter who it was, whether people replied

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back to her or not. She
kept on saying good morning to everyone on

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the track. And I can tell
you it brought a smile to my face

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and set my day on a right
note. So think about it as little

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as that, where you can share
a bit of yourself with others, you

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can light up the way for them. All right, let's bring on her

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guests. Welcome Jessica hight did Yeah, thank you for having me this morning.

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How are you good? How about
you? I'm good? Those are

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great stories on your walks. I'll
thank you. That would terrify me.

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Most likely it would have terrified me
too, I think. So it was

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just an instinctual reaction or response,
whatever we want to call it. So

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it's lovely to have. You usually
get started with your childhood journey. Do

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you recall any moment or a person
that you remember even to this day.

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Oh, so I'm a wealth advisor. I grew up. My father's been

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a wealth advisor for over forty years. So when I'm asked about my child

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and that's always been a theme in
there, whether it was I was stuffing

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envelopes for his business at a very
young age, sitting on the family room

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rug watching TV and stuffing envelopes and
getting some cash to do that, or

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I remember I had this little hint
in my room, and I love to

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put my money in the tin,
and whenever I was I would go my

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room, lock my door, I
would count the cash. I think my

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parents knew how much I loved the
tin and the magical money within it.

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So whenever I was bad and I
would run into my room and a tangent

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state of a I don't know,
meltdown, tangent, whatever you want to

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call. And I would lock the
door and they would tokay. They would

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come and they would bang on the
door, said Jessica Claire. If you

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don't open the door right away,
we're taking away all your money. That

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was one of the not that was
a huge traumatic events. But I call

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it trauma because it was a life
altering thing. It started to create this

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narrative around money in my world,
that there's fear around money, that money

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can be taken away from you.
So whenever i'm ass about childhood, I

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usually think of that story and how
it shaped a lot of decisions moving forward

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with money. It's also I can
identify that fear very quickly with other people

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when it comes to their money socially
working with them as an advisor as well.

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Do you, I'm curious to you
have a child's story around money that

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like that first memory of money growing
up? I do have. So Basically,

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I used to love collecting coins,
the different types of coins, and

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so we didn't get an allowance.
Usually you can say that I was spoiled,

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which are usually whatever I asked I
got, so I never I had

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that barrier that like, oh,
you know, and of course it's not

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like I was going to ask for
anything huge or something like that, but

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you know, like little things,
we get it. And I used to

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collect those coins and I still remember
to this day that there was something going

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on, like I don't remember what
was the issue, and like my parents

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needed some money for something urgent and
they're like, Okay, we don't have

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time to go to the bank because
yeah, you guys might guess that I'm

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not a dinosaur, but like you
know, in good old days there was

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no mobile banking, so you would
have to go like if you don't have

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cash on hand. So I said, hey, take my box, and

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it was just kind of amazing.
Whatever there was quite a bit of money,

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like in our period of time,
I had stacked and as I'm sure

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we'll be going into compounding and all
that, as we talk about it helped

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my parents in that pinch. So
you never know how narratives you have and

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we can definitely jump into it and
how it can impact your behaviors and decision

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making and all that. So as
you grew, which career did you take

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on? Sure I graduated actually started
getting my securities licenses to become an advisor.

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In college, I had some internships
at my father's firm other firms as

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well, went on the insurance side
of things, and then when I graduated

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college in two thousand and ten,
I finished the summer just studying and getting

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the rest of the licenses my insurance
my series sixties, sixty six, Series

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seven, and then I started my
Certified Financial Planner designation right after that,

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so I felt like I did more
studying that summer, and then I did

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my entire four years in college.
I GM packed it all in because I

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was a very eager to dive into
this new job, this new career,

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and also I was working with my
father and my brother at the time too,

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so it felt very excited to be
building something together as well. And

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I've been an advisor ever since two
thousand and ten. But there wasn't a

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straight path to where I am today, as it very rarely happens that way,

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right, right, right. So
you mentioned that you are taking security,

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so sounds like money has been definitely
a very strong suit in your life,

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and as your father was a wealth
advisor, so did you ever think

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of doing anything else except for going
into Yes, I grew up playing basketball.

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I played basketball all through college.
I loved it as where my husband

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was a basketball player in college as
well, so part of me wanted to

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be a basketball coach. I thought
that would be really neat. I went

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overseas to play a few times,
and I love the community with having a

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team and having the leadership with coaches, and then the coaches playing different roles

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and kind of appealing to you at
different moments as well, and I was

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very drawn to that also the psychology
behind it, working with different sports psychologists

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as well. And then I ended
up kind of combining both that that coaching

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mentorship community with the money side of
things. And I remember looking and just

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sitting in on my father's meetings with
his clients and realizing kind of connected the

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doubts for me. He is a
coach. He is coaching and advising and

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guiding them, and sometimes it's advice, sometimes it's guide, and sometimes it

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is coaching and sometimes not that we're
therapists, but it can be very therapeutic

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the work that we do as well, and there's definitely a psychology behind it.

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There's a lot of mindset work behind
it, so it kind of combined

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all those worlds together, and I
loved being a part of a team.

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At that time, it was my
father and my brother's team and our back

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office support and being able to work
one on one with people. And as

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my career progressed, I built more
and more of that community, and that

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community I wanted to focus on women. I saw how neglected women are in

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the industry, whether you're a female
advisor. Female advisors make up only eighteen

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percent of all financial advisors in Davia. That number hasn't changed in twenty years,

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in two decades. So what is
what's that barrier for women entering the

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industry or keeping them there? Yeah? A lot, definitely, Yeah,

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a lot of question for you,
Jessica, how was your experience in your

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father's form like, because here you
are you mentioned that you know that women's

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numbers in the financial advising industry has
not changed within twenty years now, when

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you go back and when you were
with your father and with your brother,

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did you feel anytime like, oh, I'm the only one or did you

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just were comfortable tell us about your
experience and that. That's a good question.

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So there were a lot of dynamics
apply. I was I am the

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younger sister. Right, I'm my
father's little girl, I'm my brother's younger

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So we had those relationship dynamics.
And then I was the only female advisor.

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There are a few other male advisors
a part of our firm, and

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this is a typical situation. Are
set up of most financial firms where the

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back office support about eighty ninety percent
our women. So there were women in

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the office, they just didn't have
the same client facing roles that I had.

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So I did feel even though my
father, my brother, I know

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they love me and I love them, I did feel like the underdog.

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I felt like I was part of
the boys club and just a humor.

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Right. Wholesalers would come into the
office and they're mostly men, so they're

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using, right, we're going golfing, we're gonna go get cigars, We're

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going to or saying these jokes that
are more catered towards men as well.

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So I begged my father, can
I do something for women? And so

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within my father's firm, I started
to create what is now the Woman's Wealth

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Boutique, a separate, complete,
separate firm as from my fathers, but

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I started to create that and just
having events for female clients and prospects.

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That led to my blog, Not
your Father's Advisor, which led to my

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three books. And now we have
our very old Woman's Wealth Boutique that we

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opened up last year March of last
year, twenty twenty two, and we've

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brought on seven female advisors within a
year. So I saw as I kind

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of knew I wasn't the right spot
on my father's firm. He's a very

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traditional advisor, which is fine,
is great. He's a very very good

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advisor. My brother's a great advisor. But for me, I wanted to

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do so much more. I wanted
to do more outreach to women, whether

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through books, podcasts, being on
this show, things like that. And

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the traditional firm isn't set up for
that. There's too much regulation, too

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much oversight, and things just get
to take way too long to get anything

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done. So I said to my
father in twenty twenty one, I'm going

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to set up my own firm that
will give me the freedom to pursue these

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endeavors and to build out this really
true community that's built by women and for

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women as well. And along that
path, I started speaking with other advisors

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and they were running into the same
issues I was. They weren't happy,

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they felt very undervalued, neglected,
beating down, just with everyone telling them

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no over and over again. And
that takes a toll on yourself confidence,

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right, Oh? Absolutely, And
as it is, we have seen It's

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not that men don't struggle with confidence, but women have been known to check

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themselves like, okay, if I
did this, And even Angela Markel in

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one of her interviews said that like
and she is, like, you know,

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Angela Markel has been one of the
top leaders in the world, and

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she would say that she would double
check her work and do more research and

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prep more. So women do have
that area or gap, whatever we want

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to call it, where they do
the additional world to make sure that they're

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on par So when you say that, you mentioned that, like, you

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know, there are lots of rules
and regulations for the traditional forums. Where's

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yours not? So tell us what's
the difference between the traditional and your boutique?

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Sure? So, a traditional broker
dealer we call them. They are

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regulated by different parties, the SEC, Securities Exchange Commission, FINRA, different

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places. They regulate their booker dealers, and then the broker dealers regulate the

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advisors within that and most of the
time they're they're very, very large.

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So if I wanted to get a
book, then now they don't want every

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advisor to write a book because that's
way too much work for them, it's

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not cost effective for them. So
they're much more entitled to just say no,

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you can't do a book, or
do social like social media, go

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on TV, have a podcasts,
or if they say yes, it's a

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very long process to execute it because
it needs to go through compliance, and

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now you're battling your spot with thousands
of other advisors as well. We're set

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up we are a registered investment Advisory
firm and RAA and we are directly regulated

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by the states in the SEC,
so there's no one in between us.

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We are just directly audited and regulated
by them. So now we have our

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own in house compliance team that I
work with very intimately. I'm the chief

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compliance officer. So it's we can
get things done quicker. We also know

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the mission behind it, the integrity, the what is the purpose behind any

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marketing pieces projects endeavors, and we're
able to get things done a lot quicker

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and still be in brand and in
alignment what our twue purposes and our biggest

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push is just financial educational literacy out
there for women and not just female clients

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and investors, but also female advisors, so that they know what their rights

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are as an advisor in this industry. What are they giving up being at

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a certain place? Where are their
opportunities and where should they where do they

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want to kind of apply? There's
so many different ways you can be an

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advisor as a female. No,
definitely that makes sense. So all right,

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so now you congratulations on all your
success. You have accomplished a lot

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and bathing the path for women.
Now, when are audiences listening, I

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know that there are a lot of
barriers to women and women making money.

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So in your experience, what would
you say at the three main or fi

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main barriers that stand between women and
wealth. Oh, this is a perfect

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timing. I've been talking with a
lot of female advisors of the last two

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weeks about this exact exact topic.
So just taking into account, you know

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what the concessus has been with the
other female advisors. One that we've been

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noticing and being trend is when men
try to have us do it their way

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and it doesn't feel right because most
advisor, again, there are men.

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Most of our mentors, being female
advisors in the industry are men, and

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so we deal with the same thing
is you just need to do it this

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way, But women make decisions very
differently. We like to get educated first,

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we take our time. But divia, we're also more likely to stick

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with our investment choices, whereas men, they'll be riskier, but they will

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flip flop back and forth more so
we make decisions differently. We're going to

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approach risk in a very different capacity. We aren't as much of a risk

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taker as men. So that's been
another barrier to entry is understanding what's the

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risk I'm taking? How do I
protect against that risk as well, so

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that I am if something were to
happen, I'm okay, My family's okay,

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my house, et cetera are in
good shape too. So I think

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it's the education, it's the risk
appetite for women. We are seeing women

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wanting to take more risks now,
especially the women I'm working with, and

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like the education. Women weren't taught
about money at an early age. We're

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starting to see that trend a lot
differently, but a lot of times in

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the households. As a young girl, you're seeing your mom who's at home.

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She might be paying the bills,
but the typical role the husband the

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dad is managing the overall household finances
and a lot of times it was a

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footpad to talk about money, so
that there wasn't a lot of communication about

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money back then. So educating women
on it and that's going to lead to

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them wanting to take more risk because
they understand it, they're more comfortable,

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and then finally we're going to build
that confidence. And I think as you

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hit the nail the before, it's
that lack of confidence in themselves. There's

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a lot of fear driving women's decisions
with money. We want it to be

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the opposite. So whenever we make
a decision out of fear, we don't

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get what we want. We usually
stay in this very similar patterner cycle that

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we've been in as well. And
that's why I love the community because women

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can really rally around each other,
can't they. But unfortunately we've been told

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you can't talk about money. So
we're not rallying around each other with money

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because we're not talking about it.
It's not an open communication and that's what

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we've been working very hard to builds
has been our priority for our advisors because

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we deal with the same issues that
our female clients are. And what I

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love about our community at the Women's
Wealth Batique is now we're talking about it.

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We're being very vulnerable as advisors.
We're getting ourselves on the same level

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page and playing fields as our clients, so they can see we're in this

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with them. We're figuring out and
we're going to help them figure it out

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and we're going to guide them along
the way. So you mentioned about the

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fears that women are not very much
open to money or like taking risks.

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They like to get educated. So
let's get to the bottom of it.

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When you talk about fears, what
fears are they experiencing and how can we

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educate them so that way they can
make informed decisions. A lot of times

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for women there, we're thinking about
everybody else first, and we don't like

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to disappoint people. We don't want
to be viewed as a failure. I

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think this comes with that confidence as
well. We're making sure everybody else is

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okay first and we're putting ourselves last. We hear about this a lot social

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media and books news now, especially
so helping women understand when they take care

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of themselves, how they also take
care of their families. But if I'll

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give you an example, one of
my clients we call her anti d And

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Antidi was single, no kids of
her own, but she was always helping

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her nieces and nephews and her siblings. And she felt obviously this huge burden

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on her. I mean the exhaustion, the pressure was mounting. It was

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taken a huge impact on her health. She was extremely unhealthy. She was

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that was racking up medical bills on
top of it. And I finally said

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to Antidi, what happens if Addie
runs out of money? She wanted to

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retire at some point, and it
finally hit her that if she runs out

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of money, everybody is going to
run out of money. Everybody's screwed then,

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and she had to learn how to
set up healthy boundaries, how to

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have a actual structure behind the flow
of her money. The money comes in,

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where is it going, how was
it going to be best used?

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And there's still a bucket for giving
back to her family. But if it

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wasn't filled yet, she is going
to have to start learning no or not

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yet, and her family is gonna
have to start planning ahead a lot more.

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I remember her niece totaled her car
about three times Tia, but the

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Nandi would just step in and save
the day again and again. So there

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was a lot of responsibility that her
family members had to start taking upon themselves

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and to grow and it was ending
this pattern of enabling and this pressure was

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taken off of add finally before it. So I think part of it is

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that fear of letting people down,
and so you're overgiving, you're over exhausting

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yourself and your finances, you're overexhausting
as well. I hear a lot of

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women that fear of, you know, running out of money, especially they're

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financially independent women or they're single by
themselves, and they're terrified if they make

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a wrong decision with money that means
they failed themselves. I think it's building

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a trust, an internal trust for
women and to move from this being terrified

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of money, terrified of losing money, but also terrified of having money and

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blowing it. Yo, there's a
big lack of trust for women within themselves

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that we need to solve. No, definitely, you bring up some very

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good points that how that lack of
confidence and the key is not even just

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kind of saying lack of confidence.
It is getting to the root cause of

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it. You mentioned about not letting
people down, feeling like a failure,

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and examining yourself, bringing that avenue
to yourself and starts at setting boundaries and

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even if it means taking one tiny
step at a time, it works so

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many times you know people are thinking, oh, I gotta achieve this within

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a week or within two weeks.
The key to remember is that it took

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you almost twelve years to get through
kindergarten and high school. So this is

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school of life and it's going to
take time. So giving yourself that space

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and compassion to move through it.
So another leak you have talked about is

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that there are money leaks because women
operate under very complicated systems. Can you

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share with us a little bit about
those money leaks? Sure. I just

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had a couple we did a strategy
session together, and they each had their

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own business, and then they have
thought they had passive income on top of

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it, and then they had their
households cash flow money on top of it,

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and they're like, there's money coming
in and out. We have no

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idea what's going on with it.
At the end of the day, we

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feel like we make really good money, but there's not much after all the

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bills are paid. And I hear
the story a lot, and there comes

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a point in time when your money
just gets too complicated. For right,

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money should go into one account,
everything's paid, and we moved the rest

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savings. It's too complicated for that. You're managing a household on top of

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businesses or on top of other pieces
of the puzzle. So I like to

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keep things as simple as possible.
But when things get too complicated, we're

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missing things. And in a virtual
world with money, it can happen very

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quickly. We have PayPal, we
have Venmo, Amazon. Money is flying

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out and we're not even seeing it
or feeling it yet. And then on

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top of it with the credit cards, and then after experiencing such high inflation,

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this is hitting people more and more
with the debt. And I've seen

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that with clients, with new clients, people coming to me, people going

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through divorce. One of a good
situation right now, when things are costing

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so much money on top of it, and a lot of times too,

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we're too busy in our world,
so there's time leaks. You don't have

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time to create a real grocery list, and I'm guilty of this, and

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so you forget things and then you
have to run back to the store multiple

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times, or even just going on
Amazon multiple times during the week. That's

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taking you out of your flow at
work or out of your present being present

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at home and that time. So
I've heard other financial experts talk about this,

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and it's a great point that look
how many transactions you have on your

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statements, and if there are a
lot of transactions multiple in a day,

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there's a lot there's a time leak, and that means there's a money leak

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too. It's taking you away from
making money or you're spending extra because you

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go into Target three times a week
or to the grocery store multiple times a

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week and you see things and you
just throw them in your car as well.

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But it comes to a point where
we're managing too many different flows of

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money or we're too busy with our
day to day life. And again I'm

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guilty of this. I have two
young kids of five years almost six year

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olds and a three year olds.
My husband I work. It's a process

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to keep an organized household running efficiently. So there are time leaks because you

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don't have the time to sit down
and plan out the week, plan out

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your grocery trips or your errands and
things like that as well. So getting

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a system where you can start tracking
what money is coming in, the net

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amount forget about the before taxes,
right, what's the net amount that we're

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working within your bank account? And
what are all of these expenses And a

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lot of times there's these small furloughs
expenses five dollars or twenty dollars or thirty

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dollars here, but on the credit
card they start to really add up for

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people and then reprioritizing where do you
want to spend your money? And just

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to earn more money constantly is not
the solution because now you're in this rat

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race and a lot of pressure on
you to just constantly earn more and more

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and more. And as we earn
more and more and more, our expenses

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keep going up right with it.
So we want to keep both of those

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in check as we're building out your
kind of that infrastructure for your money.

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So having a pulse on your cash
flow, what's coming in, what's going

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out? And I really like what
you mentioned about the time league, because

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there's only so much time in the
day, especially if you have a young

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family like yourself and planning out.
So yes, it may seem daunting that,

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oh I gotta sit down on Sunday
night or Saturday night. Got a

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lot of things happening, you know, budday parties or depending where you are

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at in your journey, especially if
you're an entrepreneur, it's a twenty four

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by seventh thing. You're never unplugged
fully now, So figuring out where's your

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time spent that's a really really good
strategy, and especially like multiple transactions.

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And this is what's something I used
to do a few years back. I

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use I love Target, and when
I went to Target, I would pick

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up a few things that I did
not need. So since then, what

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I've done is I really before I
go to Target, first of all,

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I have a list, and then
secondly I will look around what do I

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already have before I made that list, because so many times you already have

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things in the house. So that
has helped me a lot. It's because

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what you're talking about, I would
have multiple transactions and running to the grocery

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store. But then as you start
putting in the systems, it can really

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help. So let's say there's a
mom mupreneur, what systems would you outline

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that would make her life easier and
keep the Well then I'm sorry, what

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was that again, Vivia? Sure? So, like, let's say if

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it's a mpreneur, a mom,
or it doesn't matter, a woman who's

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an entrepreneur and now she needs to
create her systems. What are like three

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or four main systems that they need
to have in place so that they are

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able to sustain the world that they're
bringing it. Oh, good question.

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Yes, what is a system to
review the money that's coming in and going

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out? And do it monthly,
quarterly depending on how you get paid,

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but keep track of that. It
keeps you accountable, it keeps your team

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accountable, and also time to celebrate
too. And it shouldn't be a daunting

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thing. It should be an exciting
thing. The women avoid it because it's

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not where they want to be,
or it's they think it's going to be

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too painful to be. But how
can we neutralize it and just be a

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tool to see where you should be
spending your time and effort the next month

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as well? So what is that
system? Is a QuickBooks? Is an

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Excel sheet? Usually things will get
too complicated, and eventually you will need

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a quick books kind of system where
things get plugged into it as well.

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So some sort of system to track
your spending in your income and then to

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review it on a regular basis and
to see how it's progressing. It's also

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going to help you out if you're
looking for funding grants down the road as

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well. You can see how are
we going to what's the amount of money

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we need. Having you know that
profit loss statement, that balance sheets,

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you're going to be ahead of the
ball just preparing for that journey as well.

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Another system is the actual flow of
money. Most people just have that

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one bank account and then they'll spend, have all their expenses come from there,

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especially for a newer business owner,
setting up another account to shift money

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over for taxes. Because that money
comes in, it doesn't mean it's all

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yours. You need to split that
with the i RS, the government,

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So shifting over twenty thirty. Work
with your accountant on this percent each time.

409
00:33:00.119 --> 00:33:01.680
Because I've seen this happen a lot, And I just had a client

410
00:33:01.720 --> 00:33:08.400
and I gave her this exact,
this exact lesson tip. She has a

411
00:33:08.400 --> 00:33:12.680
full year of income. Now she
hasn't says, side anything for taxes,

412
00:33:12.720 --> 00:33:15.680
So she's going to start next year
behind the ball owing money that she doesn't

413
00:33:15.720 --> 00:33:21.319
have on top of it, So
ship that money aside. I also like

414
00:33:21.400 --> 00:33:24.039
to have an account that you move
money into and you get paid to invest

415
00:33:24.079 --> 00:33:28.880
it back into your business. And
that could be whether it's hire or a

416
00:33:28.960 --> 00:33:35.400
coach getting office space, hiring.
But when that pulls from cash flow those

417
00:33:35.519 --> 00:33:39.480
one time large expenses, it feels
very restrictive and all of a sudden,

418
00:33:39.559 --> 00:33:45.319
you're in back in that scarcity mindset, desperate to get more sales in and

419
00:33:45.359 --> 00:33:49.319
we don't want that. So having
a bucket that you can move money into

420
00:33:49.400 --> 00:33:53.079
your business when you're ready for that
next growth spurt or a leap as well,

421
00:33:53.559 --> 00:33:58.559
and then set up something for your
retirement. Again, all of these

422
00:33:58.599 --> 00:34:01.160
are just going to be assets of
your business. So now your business is

423
00:34:01.200 --> 00:34:07.760
building equity as well, and that's
a very powerful moment. Your money is

424
00:34:07.800 --> 00:34:13.800
earning money, your business is building
not just casual but real equity that you

425
00:34:13.840 --> 00:34:17.119
can use for real estate down the
road or if you're going to get fought

426
00:34:17.159 --> 00:34:22.440
out. It's just adding more and
more value to your business term. So

427
00:34:22.599 --> 00:34:25.599
set up some extra accounts that you
can shift money into. We go into

428
00:34:25.599 --> 00:34:30.480
this and my book Confessions of a
Money Queen. It's my stable money saver

429
00:34:31.119 --> 00:34:36.159
and it doesn't feel restrictive at all. We're just slowly building up these different

430
00:34:36.159 --> 00:34:42.199
accounts and building wealth equity assets that
you can use now or down the road

431
00:34:42.639 --> 00:34:50.719
too for your business. That's definitely
a good point because one of the years

432
00:34:50.719 --> 00:34:54.599
when we did really well and at
the when it came to the tech season

433
00:34:55.400 --> 00:35:00.400
and the amount of taxes we had
to pay, it left our whole team

434
00:35:00.440 --> 00:35:06.679
gawking like, oh goodness, like
this is way too much. So from

435
00:35:06.719 --> 00:35:08.480
that point forward, you know,
we started like, okay, how can

436
00:35:08.519 --> 00:35:15.239
we go ahead and estimate what's going
to be and then having that account and

437
00:35:15.400 --> 00:35:19.800
paying it off even during the current
years so when it comes to that time,

438
00:35:20.480 --> 00:35:23.760
it's not so daunting and similar like
you said that it's important to invest

439
00:35:24.320 --> 00:35:30.039
because when you are building that equity
for your business, you are working towards

440
00:35:30.079 --> 00:35:35.960
exit planning, which is very important
because when you're in the corporate world,

441
00:35:35.960 --> 00:35:40.719
you're thinking about retirement and it's also
important to see how will you exit your

442
00:35:40.719 --> 00:35:45.480
business in case if it gets bought
out or if it's continuing, what's your

443
00:35:45.559 --> 00:35:50.039
legacy. So some really great points
to think about you think. If you're

444
00:35:50.119 --> 00:35:52.639
bringing up legacy, I just want
to add in there too. Everybody tries

445
00:35:52.679 --> 00:36:00.360
to detect as much possible from their
in camera revenue for tax purposes. They're

446
00:36:00.400 --> 00:36:02.920
going to throw in their cars,
their phones, everything. But if you

447
00:36:04.000 --> 00:36:07.079
are planning to sell your business one
day or be bought out, if you

448
00:36:07.119 --> 00:36:12.639
were to pass away with a succession
plan, you don't want that clogging up

449
00:36:12.639 --> 00:36:15.480
the revenue because your business won't be
worth as much money. So keep in

450
00:36:15.480 --> 00:36:19.920
mind what is your strategy. Is
it just to take advantage of taxes now

451
00:36:20.440 --> 00:36:25.079
or is it where the valuation of
your future sale of the business as well.

452
00:36:25.440 --> 00:36:30.440
It's two different mindsets, two different
paths forward, and one's not right

453
00:36:30.519 --> 00:36:34.199
for everybody. But think about that. If you do want to sell your

454
00:36:34.199 --> 00:36:37.960
business in the future, and hopefully
you do because you've build something amazing that

455
00:36:38.000 --> 00:36:45.760
now can keep moving on and you
get to cash out eventually, definitely that

456
00:36:45.800 --> 00:36:51.199
makes perfect sense because and what you
mentioned is about that, think about it

457
00:36:51.679 --> 00:36:57.840
which path you want to take,
and it goes back to having that clarity.

458
00:36:58.000 --> 00:36:59.800
Where is it that you want to
go, what is it that you

459
00:36:59.840 --> 00:37:04.079
want achieve? You know what it
verre. You're going to be in five,

460
00:37:04.199 --> 00:37:07.800
ten, fifteen, twenty years of
time. How's your family taken care

461
00:37:07.880 --> 00:37:13.920
of? How's your business taken care
of? Going back to scarcity mindset?

462
00:37:14.559 --> 00:37:20.199
How can women get over their scarcity
mindsets. There's a few different ways that

463
00:37:20.239 --> 00:37:22.119
we teach. I do a daily
money practice. I call it a yah

464
00:37:22.199 --> 00:37:25.400
where I sit down. I get
into my office at eight am after dropping

465
00:37:25.400 --> 00:37:30.039
my kids off and I need a
moment after getting the two young kids out

466
00:37:30.280 --> 00:37:34.239
at the door in the morning,
and I sit and I do some journal

467
00:37:34.280 --> 00:37:38.000
work. I read, I meditate, I pray and it just gets me

468
00:37:38.119 --> 00:37:43.079
very grounded for the day. And
my first step in the journal work is

469
00:37:43.119 --> 00:37:46.239
I have to feel a full page
of everything I'm grateful for. So gratitude

470
00:37:46.239 --> 00:37:50.039
is one of the quickest ways to
shift out of scarcity of minds. It's

471
00:37:50.079 --> 00:37:53.440
just to think about all the different
ways that you are blessed, that money

472
00:37:53.559 --> 00:37:59.159
is coming to you, or you're
in God's favor right, that money is

473
00:37:59.199 --> 00:38:01.239
showing up for you, and it
could be the small check in the mail.

474
00:38:01.320 --> 00:38:07.159
Don't discredit that that is still money
coming into your world. You can

475
00:38:07.199 --> 00:38:09.800
start picturing it with multiple zeros on
the end of it if that helps you

476
00:38:09.880 --> 00:38:15.000
too, So gratitude is a great
way meditation. I've become a huge fan

477
00:38:15.079 --> 00:38:20.400
of meditation ever since during the pandemic, I gave myself a thirty day meditation

478
00:38:20.519 --> 00:38:23.000
challenge and I loved it so much
I've been doing it every day, multiple

479
00:38:23.079 --> 00:38:28.880
times a day. That is a
way for you to get in touch with

480
00:38:28.920 --> 00:38:35.440
your intuition, with your subconscious see
what is Is there any underlying belief system

481
00:38:35.559 --> 00:38:40.679
that we need to rework or discredit
to make it on the more abundant side,

482
00:38:42.480 --> 00:38:46.480
And also allows your nervous system to
heal. It allows your brain to

483
00:38:46.519 --> 00:38:52.639
get oxygen, blood nutrients pumping back
into it so you're not constantly in the

484
00:38:52.719 --> 00:38:59.320
stress mode or survival mode, which
always leads to scarcity. So meditation,

485
00:38:59.440 --> 00:39:05.480
breath work is another great tool to
recenter yourself as well. Some people love

486
00:39:05.480 --> 00:39:09.760
getting in touch with nature going for
a walk, and I'll combine a few

487
00:39:09.760 --> 00:39:14.480
of those people. Often see me
doing laps around my office building if it's

488
00:39:14.559 --> 00:39:20.280
nice outside in between meetings, and
it's just the time to disconnect from the

489
00:39:20.320 --> 00:39:28.360
technology and connect back with myself and
keep that narrative in my mind and check

490
00:39:28.639 --> 00:39:32.079
because was it I think eighty or
ninety percent of our thoughts are repetitive thoughts.

491
00:39:32.159 --> 00:39:36.039
So we're literally telling ourselves the same
thing over and over and over again.

492
00:39:36.079 --> 00:39:39.880
And if that narrative is negative,
it's going to affect your money.

493
00:39:40.000 --> 00:39:45.000
But where you focus is what grows
and what flows. The more positive we

494
00:39:45.079 --> 00:39:51.119
can be, the better. How
do you like to shift at a scarcity

495
00:39:51.159 --> 00:39:55.119
mode? That's really good? And
I really like that check in with yourself

496
00:39:55.239 --> 00:40:00.599
multiple times during the day, whether
it's through grounding, whether it's to check

497
00:40:00.679 --> 00:40:06.199
in if you have that negative narrative
running, or even if it's just to

498
00:40:06.639 --> 00:40:10.199
run or walk around the block.
So let's say, if somebody were to

499
00:40:10.239 --> 00:40:14.639
come and wanted to work with you, can you share with us if someone

500
00:40:14.719 --> 00:40:17.039
comes to you, what does that
look like? And reckon they connect with

501
00:40:17.079 --> 00:40:22.960
you? Of course they connect with
me At Jessica Weever dot com. We

502
00:40:22.079 --> 00:40:28.239
also have our amazing lineup of female
advisors at the Women's Wealth Boutique at Women's

503
00:40:28.280 --> 00:40:31.320
Wealth Ceutique dot com as well is
where the financial firm all the ladies are.

504
00:40:31.960 --> 00:40:36.480
We have events through the year.
We have my books available at Jessicaweaver

505
00:40:36.639 --> 00:40:39.239
dot com. You can get the
free audiobook of Confessions of a Money Queen,

506
00:40:39.719 --> 00:40:43.079
and that will give you a taste
into what we were just talking about.

507
00:40:43.119 --> 00:40:46.119
There's money meditations in there, there's
journal work that works on any money

508
00:40:46.159 --> 00:40:52.559
trauma or any narrative that we need
to reboots. And then the practical side,

509
00:40:52.559 --> 00:40:57.159
as they're talking about with the stable
money saver, those systems, so

510
00:40:57.239 --> 00:41:01.920
that really marries the abundant spiritual side
of money with the practical to build the

511
00:41:02.000 --> 00:41:07.639
trust and the behaviors to get yourself
going as well. And we have courses

512
00:41:07.840 --> 00:41:12.519
or you can work one on one
with myself or one of our amazing advisors

513
00:41:12.559 --> 00:41:15.639
at the Women's Work Boutique where we'll
build out your financial plan, your state

514
00:41:15.639 --> 00:41:21.119
plan, and then also full time
capacity where we're helping manage your money and

515
00:41:21.159 --> 00:41:23.880
implement your plan with you, which
is our favorite thing to do. Building

516
00:41:23.880 --> 00:41:29.599
out these relationships with our clients that
last years and decades and multi generations of

517
00:41:29.679 --> 00:41:42.360
family members. It's amazing to see, it really is, absolutely so that's

518
00:41:42.400 --> 00:41:46.559
excellent, and I'm sure there are
a lot of women listeners who will be

519
00:41:49.079 --> 00:41:52.960
looking forward to getting in touch with
you, consuming your content, your books,

520
00:41:52.960 --> 00:41:57.480
your audiobooks. So thank you for
joining us. Jessica, Oh,

521
00:41:57.519 --> 00:42:00.400
thank you so much for having me
on here. We will love to work

522
00:42:00.400 --> 00:42:04.000
with anybody who's a fan of your
show, Diva that's in your worlds.

523
00:42:04.039 --> 00:42:07.280
Whether it's just with a book or
as a client, it doesn't matter.

524
00:42:07.280 --> 00:42:09.960
We just want to get that literacy
out there for a women's support in the

525
00:42:10.000 --> 00:42:15.800
community, to get them building real
wealth, life changing wealth. That is

526
00:42:15.840 --> 00:42:22.599
our goal. Well, that's an
admirable work that you're doing, and you

527
00:42:22.639 --> 00:42:27.480
know it's wonderful that you continue building
that community and making a difference. So

528
00:42:27.920 --> 00:42:30.719
thank you for joining us, and
thank you listeners for being part of our

529
00:42:30.760 --> 00:42:36.000
family, because without you, the
show would not be possible. And thank

530
00:42:36.039 --> 00:42:39.119
you for reaching out to us with
what do you want and how can we

531
00:42:39.360 --> 00:42:45.280
help you to live the life you
deserve and want? And thank you all

532
00:42:45.480 --> 00:42:50.360
for making the show technically possible And
I'll see you next time. Take care

533
00:42:50.440 --> 00:42:53.559
and be well. Thank you for
being part of Beyond Confidence. With your

534
00:42:53.559 --> 00:42:57.760
host, Diva Park, we helpe
you have learned more about how to start

535
00:42:57.840 --> 00:43:00.920
living the life you want. Each
week Beyond Confidence, you hear stories of

536
00:43:00.960 --> 00:43:07.760
real people who've experienced growth by overcoming
their fears and building meaningful relationships. During

537
00:43:07.760 --> 00:43:10.679
beyond Confidence. Diva Park shares what
happened to her when she stepped out of

538
00:43:10.679 --> 00:43:15.719
her comfort zone to work directly with
people across the globe. She not only

539
00:43:15.760 --> 00:43:21.000
coaches people how to form heart connections, but also transform relationships to mutually beneficial

540
00:43:21.039 --> 00:43:24.079
partnerships as they strive to live the
life they want. If you are ready

541
00:43:24.119 --> 00:43:29.480
to live the life you want and
leverage your strengths, learn more at www

542
00:43:29.639 --> 00:43:35.559
dot dvapark dot com and you can
connect with Diva at contact at divyapark dot

543
00:43:35.559 --> 00:43:37.239
com. We look forward to you
joining us next week.