Ep 30 - Back to "That Money Lady": A Financial Literacy Journey

Written By Audrey Heesch

In this episode of "Practical Money Magic", your host discusses the decision to transition back to the original brand name, "That Money Lady." Reflecting on a recent conversation with a highly educated school principal, she addresses the surprising gaps in financial literacy, such as the lost art of writing checks, and delves into broader issues like tax strategies for entrepreneurs. With warmth and humor, she explores the challenges entrepreneurs face in understanding their finances, the importance of timing when asking tax professionals for advice, and why financial literacy is an ongoing journey. Join us for a candid discussion about money, taxes, and how to empower yourself with the knowledge you need to thrive in your business.

Show Notes:

Episode Highlights:

  • Announcement: Returning to the "That Money Lady" brand.

  • Discussion on the gap in financial literacy, even among highly educated professionals.

  • The decline in basic financial skills, such as writing checks, and why they still matter.

  • Insights into tax strategies and how entrepreneurs can navigate them more effectively.

  • Timing matters: When to ask tax professionals for advice to get the best results.

  • How financial literacy isn’t innate and why it's okay to ask for help.

  • Empowering entrepreneurs to take control of their finances without fear.

  • The importance of finding the right financial professional for your unique communication style.

Key Quotes:

  • "You're not supposed to just know everything when you haven't been taught anything."

  • "It's empowering to ask questions and gain confidence in your financial decisions."

  • "The more eyes on your finances, the better. Trusted eyes, of course!"

Connect with Us:

Audrey Heesch https://thegracefulpenny.com
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Ep 31 - Flowing Forward: Mastering Your Cash Management
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Ep 29 - Ethical Money Management: The Intersection of Finances, Values, and Global Impact