In this conversation, Melissa Murphy Pavone, a Certified Financial Planner and Certified Divorce Financial Analyst, shares her insights on navigating the financial complexities of divorce. She emphasizes the importance of understanding financial implications, avoiding common mistakes, and the need for effective communication during and after the divorce process. Melissa also discusses the significance of teaching financial literacy to children and building a support system of professionals to assist in the divorce journey.
Learn more about Melissa Murphy Pavone at: https://mindfulfinancialpartners.com/
Get the BestInterest Coparenting App: https://bestinterest.app/
Subscribe to our newsletter to hear about new episodes and build community: https://bestinterest.app/subscribe-podcast/
Watch This Episode: https://youtu.be/SujLCTsqN5M
Keywords
divorce, financial planning, co-parenting, financial mistakes, financial literacy, divorce support, financial security, divorce education, divorce professionals, divorce advice
Takeaways
- Melissa's personal experience with her mother's divorce shaped her mission to help others.
- Being a financial ally is crucial for those going through divorce.
- Many people overlook future cash flow when planning post-divorce finances.
- Fighting for the family home can lead to financial strain if not carefully considered.
- It's essential to educate clients about the implications of their financial decisions during divorce.
- Communication is key in co-parenting, especially regarding financial responsibilities.
- Parents should prioritize their financial stability to provide for their children.
- Investing in professional help can save money in the long run during divorce.
- Teaching children about financial literacy is important for their future.
- Co-parents should work together to instill values of financial responsibility in their children.
Sound Bites
- "I wish that I knew what I know now."
- "It's important to know your numbers."
- "We need to put effort into dividing things."
Chapters
00:00 Introduction to Financial Allyship in Divorce
02:52 Common Financial Mistakes During Divorce
06:15 Understanding Post-Divorce Financial Realities
08:26 Navigating Financial Control and Coercion
09:39 Managing Shared Expenses as Co-Parents
11:39 Planning for Future Expenses: College and Medical
15:37 Regaining Financial Security Post-Divorce
17:48 Collaborative Divorce: A Better Approach
20:51 Building a Support System of Professionals
24:05 Teaching Financial Literacy to Children
What if your co-parent’s toxic messages never even reached you? Thousands of parents are already finding peace with the BestInterest Coparenting App. As a listener, you can too. Claim 40% off an annual subscription here: https://bestinterest.app/beyond
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Ruthie's Table 4
For more than 30 years The River Cafe in London, has been the home-from-home of artists, architects, designers, actors, collectors, writers, activists, and politicians. Michael Caine, Glenn Close, JJ Abrams, Steve McQueen, Victoria and David Beckham, and Lily Allen, are just some of the people who love to call The River Cafe home. On River Cafe Table 4, Rogers sits down with her customers—who have become friends—to talk about food memories. Table 4 explores how food impacts every aspect of our lives. “Foods is politics, food is cultural, food is how you express love, food is about your heritage, it defines who you and who you want to be,” says Rogers. Each week, Rogers invites her guest to reminisce about family suppers and first dates, what they cook, how they eat when performing, the restaurants they choose, and what food they seek when they need comfort. And to punctuate each episode of Table 4, guests such as Ralph Fiennes, Emily Blunt, and Alfonso Cuarón, read their favourite recipe from one of the best-selling River Cafe cookbooks. Table 4 itself, is situated near The River Cafe’s open kitchen, close to the bright pink wood-fired oven and next to the glossy yellow pass, where Ruthie oversees the restaurant. You are invited to take a seat at this intimate table and join the conversation. For more information, recipes, and ingredients, go to https://shoptherivercafe.co.uk/ Web: https://rivercafe.co.uk/ Instagram: www.instagram.com/therivercafelondon/ Facebook: https://en-gb.facebook.com/therivercafelondon/ For more podcasts from iHeartRadio, visit the iheartradio app, apple podcasts, or wherever you listen to your favorite shows. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.