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  3. Speaking from a single woman (and mom) with very little means POV, a huge part of wanting to own your own home has nothing to do with investment, but rather security. that a landlord isn’t gonna be able to kick you out for some reason or continually raise the rent on you so that you can’t afford your home anymore. From this POV I think it makes complete sense to own your own home & well worth it!

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    1. God help us 🙏 The world’s struggling while the rich stay safe and the rest take the hit.
      I’m not chasing quick money I buy gold, silver, and crypto to protect my future
      Paper money’s losing value fast.

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    2. > I understand why some people panic—lack of information can really hold you back. Personally, I’ve been earning passive income through crypto investments, and it’s been a game-changer. Even with inflation, my finances stay steady. It’s all about having the right knowledge and taking action.

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    3. I’m still new to crypto and trying to wrap my head around how everything works. A friend suggested that working with a professional trader is a good move for beginners or those with a tight schedule. I’ve been doing some research for a while now but haven’t found anyone reliable yet. If anyone has recommendations, I’d appreciate it!

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    4. As a beginner, having a mentor is really important—it helps keep you focused and accountable. For me, that person has been Ksenia Alice. She’s been guiding me for months now, and I honestly can’t recommend her enough. I was hesitant at first to let someone else help manage my finances, but I’m genuinely glad I took that step.

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    5. > I met her at a conference in D.C. Took a chance with $2K—and it turned into $15K in just a week. Wild. That moment changed everything.

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  5. Great conversation. I’ve always been good about my money as my parents taught me well. However she gave me specifics to think about. My retirement sounds like yours, Chalene. I want to travel and hang out with friends. Time to look at specifics like my annual spending.

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  6. Yes, it was very enlightening😳 to be 50 years old and talking to someone about setting up an IUL account for myself, which is all I’m gonna have for my retirement as of now. I definitely don’t think that’s all I’m gonna have because I’m one of those people that is going to find all my money in my older years of life but that’s besides the point. I wanted some kind of security and I was late in the game. It was very eye-opening that I would have to make huge sacrifices right now and it’s only gonna get me a couple thousand dollars a month to live off of in my 70s. I really hope we still have Social Security as well!!!

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  7. Parents!!! Stop paying for your kids to go to school!!! Make them take responsibility and get scholarships there are a ton of them out there! Make them figure it out!! They have to have skin in the game… I have seen so many young people going to school only because mommy and daddy are making me and paying for all my crap!

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    2. My daughter got a scholarship at our local university. She spent days researching and applying for all kinds of scholarships. By doing this, 4 years were paid for, and all the small scholarships paid for books, supplies, room and board. She worked on campus to have spending money to go out with her friends. Had she not done this, no way could we pay over $150k for her BA degree.

      In her sophomore year, she began to network and submitted her resumes. Towards the end of her Junior year, she received a contract for employment upon graduation. They even paid for her to relocate and found her an apartment to rent within walking distance to transit that goes to her job. Had she not made the effort, no way could we afford it, and she would have graduated without having a job like so many of her classmates who didn’t put in the effort.

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  8. I don’t know how people don’t know their yearly expenses. I’ve always handled the money and FORCED my husband to sit down and look at it quarterly. Which he hated. Now, we sit down at tax season to look at where we are and if we’re hitting our goals.
    I know exactly how much we spend monthly, and we don’t carry credit card debt.

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  9. Social security is not a pension! It’s a supplement to what you should have set up with your work or investing. And you still pay taxes on social security.

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  10. Hmm sadly she really didn’t tell me anything that’s obvious on this one so maybe next time get her back to show us which investments really work. We all understand about regular savings and clearing out debts. Let’s talk about where the real money is made. If savings are at say 5% then your savings are in line with inflation so what does she actually do. Not just putting her money in a savings account. Good that the conversation is being had but with all the scams out there it’s important to deep dive into this properly. Let’s talk about money like we now talk about menopause. Great lady but I learnt zero from this conversation however she may be good for the full conversation that’s not yet been had

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  11. Yes, life events DO HAPPEN! My husband was 53 and killed in a work accident last year. I NEVER would have expected that too happen, but it did. And life has been completely turned upside down. I had significant savings and it took almost 6 months to get the life insurance money, so I have made it through so far. But I don’t have enough money to have a paid for house and now I only have my income. Most people aren’t as fortunate as I have been. If you don’t have savings or life insurance, it would be completely devastating financially. It’s already horrible enough to lose a spouse…..period. To worry about money, makes it a thousand times worse

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  13. Wow the timing of this video!! I turn 49 tomorrow. I’m beyond scared! I am a stay at home mom, divorced 7 years ago and know nothing about finances! I recently had a lady teach me a bit about how to get started investing, save and emergency fund etc. Financial advisor is not needed. Im obsessed with learning now. I live in Canada and your guest obviously knows how badly I need to get my game on and fast! Thank you Shannon and Chalene! ❤

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    2. You will be fine. You have time. I got financial advice and that made a big difference to me. There were options available that o never would have known about. But as long as one is moving forward, it’s all good. ❤❤❤

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  14. Ms ward and ms Johnson this was amazingly helpful and very informative chalene is such an great interviewer with good questions and timing and Shannon gave a great presentation on how to approach finances and you both look amazing as much as intelligent two queens with elegance and class blessings

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  16. I love living waaay beneath my means. Although I have a spouse & we both work, I have always felt more comfortable with living as if only one spouse’s income were coming into the budget. I don’t find it unbearable, but I’ve always been frugal…even as a child.

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  17. You all need to learn about velocity banking because conventional banking is designed to stretch your finances thinly. Cash flow is key.

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  18. I was in my mid 40s before I started accumulating capital. It can be done, but get reputable advice (not get rich quick or “side hussle” stuff). And I had to REALLY challenge my beliefs about what I saw as essential lifestyle E.g. where I was prepared to live, how much I spent on hair and beauty, and how much I spent on convenience.
    I do think things are harder in America. You are not paid fair wages and you don’t have universal healthcare.
    Most importantly, do not panic or give up. That won’t help. I say that from experience.
    Get advice, have a plan, start small, try not to borrow money for depreciating assets except if that asset helps you to generate wealth (e.g.for some people, a car.)
    Im not rich, but I’m secure living a modest life. Botox, nail parlors, spray tans, all those things are gone from my life. Once upon a time I never thought that would be me but I discovered that the people who loved me still love me. And I still “scrub up” alright 😉
    All strength to you my peeps.❤❤❤

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  19. I can’t agree that small everyday things don’t have an impact on finances. It depends how much someone earns. For me, a coffee a day did make this difference and I slowly accumulated 16k of debt in 6 years. I had to shave off my lifestyle, to pay it off, and I did it in 1 year. I didn’t have any big purchase over this period, I used 10 yo laptop, 20 yo car. No debt other than this credit. And I could pay it off on 1 year solely on not buying small things, eating only at home. Now I started earning more, and make sure I save at least 25%, creating strong emergency fund and I’ll start investing soon. But it would take much longer if I spent on small things as much as before. The hardware part, is to not spend another 10-50 on something small

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