Are you holding back on deciding on a divorce because you’re afraid of what financial independence might look like?
Financial expert Stacy Francis has a passion for helping women who feel financially trapped in relationships and has powerful advice to help assess and make financial decisions throughout the divorce process.
In this episode, Stacy and I discuss the common financial mistakes women make when transitioning out of a relationship and the key things everyone needs to know about finances before, during, and after divorce. We’ll also share resources to help you feel empowered and ready to take the first step to create your long-term plan for financial stability.
Three Things You’ll Love About This Episode:Take the fear out of your financial future. Stacy shares her best tips for assessing your current financial situation and things to consider when creating a plan for moving forward. Learn how money impacts the decisions we make. Financial assets influence more choices than you realize. Learn the first thing you should do financially when facing divorce and how it sets up your future decisions. Avoid mistakes when dividing assets. Thinking you want to keep the house? Learn why that decision may not serve you and other things to consider when looking at your current assets
Stacy Francis is the President and CEO of Francis Financial, a fee-only boutique Wealth Management, a Management, Financial Planning, and Divorce Financial Planning firm dedicated to providing ongoing comprehensive advice for successful individuals, couples, and women in transition such as divorce or widowhood. She is a Certified Financial Planner® (CFP®) and Certified Divorce Financial Analyst® (CDFA®) with over 20 years of experience in the financial industry.
Stacy is also the founder of Savvy Ladies™, a nonprofit organization dedicated to educating and empowering women to take control of their finances. She is a nationally-recognized financial expert featured on CNBC’s Digital Financial Advisor Council, the Forbes Finance Council, Kiplinger, and The Wall Street Journal. Stacy is the host of Financially Ever After, a podcast focusing on women, money, and divorce. She is also the author of the white paper, Unveiling the Unspoken Truth: The Financial Challenges Women Face During and After Divorce.
Betrayal: Just hearing or reading this eight-letter word conjures up quite many emotions and beliefs within each of us. This is one of the deepest hurts that we can experience as it hits us right at the core of our ability to love and trust again. In this episode, I cover the biggest lessons learned from my healing journey and how I started seeing my divorce and betrayal as a gift and as a silver lining.
Understand why often litigation becomes necessary and how so many cases would not have settled if a judge or the court personnel wouldn’t have been involved. Learn the bright sides that aren’t spoken about enough, how litigation becomes necessary, and possibly have a peaceful outcome.
We grew up with family, friends, and other people who helped us create many stories that we now continuously have on repeat in our minds. They have become truths that we revert to for a long time. Staying in the past can hurt us, and it is up to us to squash the negative things we have let ourselves believe that no longer serve us.