She spends, He saves, We Thrive

In this conversation, Damon and Sally explore the contrasting concepts of scarcity and abundance mindsets, discussing how these beliefs shape our financial security and emotional well-being. The dialogue emphasizes the importance of gratitude, generosity, and a positive mindset in navigating financial challenges. Through personal anecdotes and insights, the speakers highlight the need for a balanced perspective on money and the imp...

In this episode, Sally and Damon discuss the importance of having intentional annual financial discussions in relationships, emphasizing the concept of 'money dates' where couples can review their financial situation, set goals, and plan for the future together. The dialogue highlights the need for proactive financial management, the significance of aligning financial visions, and the benefits of regular communication about money m...

In this conversation, Sally and Damon share their journey through entrepreneurship, detailing the lessons learned from starting and running various businesses, including a gym. They emphasize the importance of self-funding, the challenges of business ownership, and the personal growth that comes from taking risks. The discussion highlights the significance of having a clear vision, the realities of wor...

In this conversation, Damon shares valuable insights from his experience as a former financial advisor, emphasizing the importance of distinguishing between true investments and mere wants. Together they discuss practical strategies for financial planning, including the significance of employer matching in retirement accounts and the long-term nature of investments. The conversation encourages listeners to be mindful ...

In this conversation, Sally and Damon discuss the complexities of debt, sharing personal experiences and insights on managing various types of debt, including student loans, car loans and mortgages.  The discussion emphasizes the importance of facing debt, understanding its implications, and adopting effective strategies for repayment. Sally also highlights the significance of celebrating small victories in the journe...

In this conversation, Sally Phillips discusses the importance of teaching children about money management, responsibility, and the concept of taxes from a young age. She shares her family's approach to financial education, which includes implementing a chore system that correlates with earnings and taxes, encouraging saving for specific goals, and allowing children to experience spending their money. The discussion em...

In this conversation, Sally and Damon explore the complexities of managing finances within a marriage. They discuss their personal experiences with money, the challenges they faced in their first year of marriage, and the importance of communication in resolving financial conflicts. The couple emphasizes the need for a common language around budgeting and financial planning, highlighting the role of fi...

In this episode, Sally and Damon discuss the challenges and strategies of managing finances as a couple with differing money habits. The conversation covers the importance of communication, budgeting, and aligning financial goals to create a harmonious financial life together. Through personal anecdotes, they explore how to navigate financial differences, the benefits of budgeting, and the significance of regular money talks to mai...