April 2, 2025 • 30 mins
When Lisa Stringer Bailey lost her father and sister within months of each other—both without life insurance—she found herself in a financial crisis despite her career in the financial industry. This painful awakening became the catalyst for Triple M Money Management Matters, a mission to ensure others wouldn't face similar hardships.
Lisa brings powerful insights from her master's degree in accounting and finance, nine years as a Navy procurement specialist, and 17 years in banking to this candid conversation about money management. She challenges common financial misconceptions with practical wisdom that balances everyday needs with long-term security.
Beyond her compelling personal story, Lisa delivers actionable advice for every financial situation. She transforms intimidating "budgets" into approachable "money plans," advocates for high-yield savings accounts separate from checking accounts to prevent impulsive withdrawals, and provides clear guidance for small business owners struggling to separate personal and business finances.
The conversation takes a meaningful turn when addressing family matters—how couples should discuss financial compatibility before marriage and the uncomfortable but necessary conversations we must have with aging parents about their end-of-life planning. Her biblically-based approach emphasizes preparation without fear, reminding us that proper financial management isn't just about current comfort but about creating legacy and security for those we love.
Whether you're struggling with basic budgeting or looking to advance your investment strategy, Lisa's Financial Focus Framework offers a structured path to financial confidence. Her powerful question—"What would happen to your family if you didn't come home tonight?"—serves as both warning and motivation to take meaningful action today.
Ready to transform your relationship with money? Connect with Lisa at lisastringerbailey.com and discover why money management truly matters for your future and the future of those you love.
Connect with Lisa on the following social media:
FB: www.facebook.com/lisastringerbailey
www.facebook.com/triplemoneymanagementmatters
IG: www.instagram.com/managemoneymatters
LinkedIn: https://www.linkedin.com/in/lisasbailey/
YouTube: Money Management Matters
Website: www.lisastringerbailey.com
www.triplemoneymanagementmatters.com
Free Financial Empowerment Session www.bitly.com/moneymoment
email: ladybosslbailey@gmail.com
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:08):
Welcome to Ready Set.
Collaborate with Wanda Pearson.
This is where ideas spark,connections grow and
collaborations fuse success.
Tune in for inspiring stories,expert insights and
game-changing conversations.
Let's build, connect and thrivetogether.
Remember collaboration is thekey to success.
Speaker 2 (00:29):
Welcome.
Welcome to the Ready SetCollaborate podcast with Wanda
Pearson, and I have mygirlfriend, my girl that knows
about money management, LisaDranger-Bailey.
Lisa, welcome to the podcast.
I truly appreciate it, and I'vebeen trying to get you on.
Oh, she had to remind me, Wanda, I'm supposed to be on your
podcast and I said, oh boy, letme get down to my podcast now,
(00:50):
because people need to hearabout this.
It's 2025 and we need to getour money management in order.
It's also our financialsituation in the way.
So, Lisa, tell us a little bitabout yourself and then I'm
going to talk about your bioreal quick.
So, Lisa, tell us a little bitabout yourself and then I want
to talk about your bio realquick.
Speaker 3 (01:05):
Okay.
Thank you so much, ms Wanda,for having me on your podcast
today.
I am super honored andprivileged to be here.
My name is Lisa Stringer Bailey.
I'm the owner and creator ofTriple M Money Management
Matters.
I educate women on how to makemore money, save more money and,
most importantly, protect theirmoney, and I educate on using
(01:28):
life insurance to protect yourincome.
Protect your family membersyourself, your significant
others, your children, your momand them, your daddy and them,
your cousin and them honeyAnybody that you love and care
about should be covered withlife insurance.
Speaker 2 (01:44):
Yes, absolutely Absolutely.
Well, you were telling me aboutthat.
I want to talk about your biohere.
So you gave us some greatinformation, but I want to talk
about your bio because you got alot more than what you're doing
there to help people.
So Lisa Stringer Bailey is theowner and creator of Triple M
Money Management Matter.
Remember it matters.
Triple serves women and theirfamilies with financial
(02:06):
education and money management.
She shows women how to managemoney, save money and protect
their money.
Lisa has a master's degree inaccounting and finance.
She began her financial careerin the US Navy as a procurement
and budget specialist for nineand a half years.
She worked in the bankingindustry for 17 years.
Her current position is acredit analyst for a major oil
(02:29):
and gas company.
Lisa empowers her clients tohave financial peace of mind.
She motivates her clients tothink differently about money by
keeping their mindset positiveand engaging in financial
education.
She teaches how to prioritize,pay themselves first and build
wealth for the future.
Lisa is an advocate of learningnew things, especially about
(02:51):
finances and wealth generation.
She understands the moneystruggle and it is her hard
desire to help lessen thatburden.
Connect with Lisa and we'regoing to put that on the show
notes.
But definitely, lisa.
Thank you so much for being onthe podcast.
I learned some about you here.
I didn't know you was in theNavy and you was in the banking.
Yes, ma'am, so she knows herstuff.
(03:14):
So no, but welcome once again,lisa, for the show.
I truly appreciate that.
This is awesome and you told usa little bit about yourself.
Let's get right into some ofthe questions we have.
So your journey how did itbegin to get you into Triple M?
Money Matters.
Speaker 3 (03:33):
Okay, that came about 10 years ago, about 10 years
ago, when my father actuallypassed away without life
insurance and two months latermy sister passed away without
life insurance, and two monthslater my sister passed away
without life insurance.
So this took me in particularreally my whole family in a
(03:54):
financial whirlwind because wewas like where's the life
insurance?
I thought my father had thattogether.
We always think our parentsknow it all.
They got their stuff together.
He has property, he got land,he got assets, he worked all his
life, had money, but he didn'thave the life insurance.
(04:15):
So when it came time for theburial expenses and all that
fell on me as the oldestdaughter, and so that made me
take a hard look at my ownfinances, cause guess what, I
did not have a savings ininsight of the amount of $10,000
, which is the minimum betweenseven and eight $10,000, seven,
(04:39):
eight $10,000 for burialexpenses, a funeral, the whole
thing.
So, long story short, I wentinto kind of a depression
because I'm in the financialindustry and I was like I
thought I knew this, I thought Iknew what to do, I thought I
had my stuff together, but God,me and God, we had to come to
Jesus meeting and he was likeyou ain't got your stuff
(05:01):
together and you should be,because this is your purpose.
That's really when I discoveredmy purpose as a financial
professional to educate people,to educate families, that life
insurance should be a part ofyour money plan, it should be a
part of your budget, and it'sone of those things that people
don't want to talk about becauseit's death and nobody want to
(05:22):
think about death.
But God says we are all goingto die, right, and we don't know
the hour nor the minute thatit's death, and then nobody
wouldn't think about death.
But God says we all going todie, right, and we don't know
the hour nor the minute thatit's going to happen.
So we got to be prepared.
God was like I need you to tellmy people, I need you to start
talking about this, and so wecreated together Triple M Money
Management Matters, which isnamed after my sister, because
(05:43):
my sister's name was MarshaMichelle Millsap, and she had a
car tag that said triple M, andwhen God showed me that, he said
money management matters,that's what your business is
going to be.
So that's how that came about.
Speaker 2 (05:58):
I love that.
I love that and it's so truebecause the same thing with me.
I was the oldest and my motherhad, back then, only a five
thousand dollar policy yeah well, I'm thinking, okay, that
should pay for that, the funeraland the barrier.
And the undertaker said, no,this is just for the funeral.
I said, oh, my god, that's okay.
So I had to come up with themoney, me and my brother.
Yeah, bury her.
(06:18):
They don't open up that grounduntil you put that money down.
And Facts, yeah, exactly.
And another thing that you talkabout that when I started
networking, I started talkingabout wills.
Right, people don't want totalk about that.
They don't want to talk aboutit.
I remember this one lady saidI'm not going to die soon.
How do you know?
(06:40):
You don't know when you'regoing to die.
You don't know when it's yourtime up.
That's right, better to beprepared.
So I appreciate you telling usabout that, because that is so
important.
Life insurance and making sureyou got your stuff in the order
yes, how can people create arealistic budget and stick to it
by what you said, to be able tomanage, yeah, your family
(07:04):
insurance and financial.
How can they do that?
Speaker 3 (07:07):
The number one thing that I tell my clients which is
a part of my coaching program isyou have to acknowledge it, you
have to face what you got.
You got to sit down and takesome time with your money when
you are working a job.
A lot of times we're justworking 9 to 5, 40, 50, 60 hours
(07:28):
a week and we're not taking thetime to see where our money is
going.
That's what a budget is, or Icall it a money plan.
A lot of people get restrictivewith the word budget.
They don't want to do it.
So I say let's try to plan it.
You like planning parties, welike planning events, planning
our vacations plan it.
You like planning parties, welike planning events, planning
(07:49):
our vacations.
Let's plan our money.
So just take some time outevery single day or every week,
every week, every two weeks howoften you get paid?
Take some time, have a datewith your money, put it on your
calendar, give yourself 30minutes to an hour to sit down
and plan your money.
You need to know where everysingle cent penny of your money
is going.
(08:09):
Okay, therefore, you canallocate it to the places it
needs to go, like in lifeinsurance.
Okay, I always tell my clientspay yourself first.
That's the savings part.
Make sure you have somethinggoing into an emergency savings
account and then allocate moneyout to your needs.
We know we need housing, weknow we need shelter, we need
(08:33):
heat lights all that that's good, but also put the life
insurance in there as a need.
Just like you need carinsurance, you need health
insurance, you need houseinsurance, you need life
insurance, you need lifeinsurance.
So that needs to go in therewith the needs and not just at
the end of whatever you haveleft over, which nine times out
(08:54):
of ten, we ain't got nothingleft over so that's why we don't
have the life insuranceabsolutely, and I start calling
my legal insurance.
Speaker 2 (09:02):
So you got all these other things need legal
insurance, right?
So that's right it's soimportant because we, like I
said, said you just never know.
I just had a niece that died at38 years old.
Speaker 3 (09:12):
Wow, I'm so sorry.
Speaker 2 (09:14):
And, like you said, life insurance is so important,
but a lot of us don't think that, especially growing up in our
generation.
Nobody talked to us about thatlater, and then it was just a
shame.
So let me ask you somethinghere.
Another question so what arethe best investments options for
beginners?
What would you suggest?
Speaker 3 (09:32):
You speaking of investing in financial.
As a beginner, I would say justset your sights on investing in
a good high yield savingsaccount.
Okay, we want to start there,especially if you are on a tight
budget.
You're just getting out ofschool, maybe, or you just
landed that job where youfinally getting a substantial
(09:55):
amount of money.
Start with a high yield savingsaccount.
I know a lot of.
I worked in the banking industryfor 17 years, so I know the
whole routine.
You go in there, you open upyour checking account.
The next question they're goingto ask you do you want a
savings account?
Everybody want to say yeah, butwe don't think about whether
that are we making any intereston that money.
Now, most interest in a regularbank, a regular checking
(10:18):
savings account, is a 0.01010.
Not even a hundredth of it's nomoney.
Okay, you may have a thousanddollars in there and you might
make interest, maybe 25 cents.
I don't know.
It's nothing.
So what I would suggest is openup you a high yield savings
account in a different bank,outside of your checking,
(10:40):
outside of your checking bank.
Cause, therefore, you won't seeit every day.
Cause for me and I went throughthis myself I had to learn I
would see my checking and mysavings in the same bank, okay.
And when my checking got low orin the negative because it was
(11:00):
there many times I would pull itfrom the savings.
So therefore I never hadsavings because I was always
pulling it to cover the checkingright.
So if you put it in a separatebank high yield about three to
to 4% there's a lot of them outthere right now then you don't
see it.
So therefore you set it up onan automatic draft,
automatically going there out ofsight, out of mind, and just
let it grow there.
That's the start of yourinvestments, okay.
(11:22):
And then, once it gets to acertain amount, say you want to.
It's a step-by-step process,but you want to get at least six
months worth of expenses inthere and in anything over that
you can start investing intoother areas, maybe stock market,
maybe real estate, maybe downpayment on a home, whatever your
financial goals is.
Speaker 2 (11:44):
That is so true because that's what I my
financial advisor.
He told me the same thing, so Iend up doing that my money.
I'm like I don't have thismoney in savings but I'm getting
25 cents.
So what I did?
Open up a higher year savingsaccount and I looked in it and I
said, oh my God, I can'tbelieve I didn't do this a long
time ago.
And you're right.
Put it in a different bank.
Because you're right about that, boy.
(12:05):
I tell you, if you're checkingthe savings in the same account,
you say, let me borrow from thesavings account, and then it
goes down.
Very good advice.
I really appreciate that and Isay, okay, I'm doing the right
thing.
Yes, ma'am, what I need to dois pay myself.
Speaker 1 (12:16):
I need to start paying myself?
Speaker 2 (12:18):
Yes, ma'am, I don't do that.
So how that they have littlemoney to spare?
Speaker 3 (12:25):
That's where you have to really sit down and I call
it a mindset shift.
Okay, we got to decide in ourmind what's more important,
what's a priority in our moneyplan.
You have to distinguish betweenyour needs and your wants.
Okay, a lot of times, if wereally sit down and look at our
(12:47):
money and look at our statementsand things like that, a lot of
times, if we really sit down andlook at our money and look at
our statements and things likethat, a lot of the things in
there are things that we wantbecause we in a want world right
now, we want it, we're gonnaget it.
Right now, we don't care, wegotta put it on our credit card.
We don't care, we want it,we're gonna have it.
Okay, we have.
It's a mindset shift.
You have to shift your mind tosay, okay, I want it, but let me
(13:10):
think, let me hold off 48 hoursand see if I still going to
want it.
Let me see if I really want it.
Bad enough, let me set up amoney goal.
Let me set up a goal for thatitem where I can save $20, $40,
$50 every pay period until I getthe money and I can pay cash
for it.
I ain't got to put it on acredit card, because that's a
(13:31):
whole nother issue, puttingstuff on a credit card and how
much you're really going to payfor it.
My advice would be toprioritize.
You really have got to changeyour mindset and prioritize
what's really important to you.
Is it a need or is it a want?
Speaker 2 (13:46):
That's a great way to do that.
I'm going to start doing that48 hour thing, yes, but yeah,
speaking of that.
So what financial advice do youhave for small businesses who
are entrepreneurs?
Speaker 3 (14:00):
Number one advice and a lot of people probably know
this if they are a seasonedbusiness owner is to separate
your personal finances from yourbusiness finances.
Now, if you are a brand newbusiness, you might not know
this, because you might be whatwe call bootstrapping.
We're using a lot of ourpersonal finances to fund our
business, which I do that too.
(14:21):
But you have to learn how to do.
Like a funds transfer, transferfrom a personal account into a
business account.
Set you up a business account.
If you run the business, youwant to make sure it's legal and
Wanda can let you know aboutthat.
You need an LLC, okay.
Don't just be saying I got abusiness and you run it through
a personal.
No, that's not a true business.
(14:42):
True business is a legal entity.
And when you get that legalentity into place, then you go
open up you a business checkingaccount, okay, and run all your
expenses through that businesschecking account and not in your
personal, because that can getyou into some tax trouble and
I'm not a tax person, but whenyou get your business, I also
(15:04):
get you a good tax professional.
Speaker 2 (15:06):
Yes, yeah, yeah, I just did our taxes with our tax
professional.
So, yeah, that's another thing.
So how can a small businessowner separate personal and
business finance?
And I think you already touchedon that a little bit.
Speaker 3 (15:22):
Yeah, just make sure you have a separate checking
account, get you.
And then, if you can't afford Iwas going to say a bookkeeper
you can definitely look onlineand get some bookkeeping
software.
Quickbooks is one.
They're a popular one, but theycan be a little expensive.
Now there's some out therethat's free or some that's way
(15:45):
less expensive than a QuickBook.
Just do your research, google.
You can Google everything,youtube everything, free
accounting software and makesure you get that downloaded on
your computer.
Put in all your expenses so youcan have a track record of all
your spending, all the moneythat you're making, where the
money going to.
And another piece of advice Iwould give a small business
(16:06):
owner is also have you a savingsaccount for your business that
you can use later on down theroad for expansion, for
marketing campaigns, forprojects to grow your business.
That's a mistake that I made.
When you start now you're notmaking a whole lot of money.
So a lot of times a lot of themoney you're making is going
back into the business.
(16:26):
But you have to be intentionaland say let me make sure I put a
little bit in a savings accountfor later, especially for
marketing.
Marketing is very expensivewhen you start getting ready to
grow your business.
That's where I am right nowwith growing my business and I'm
having to put out a lot ofmarketing dollars.
But if I had saved it from thebeginning, I would have more to
(16:48):
work with.
But so that's a piece of advicefor a business owner is to
definitely save a little bit.
Save what you can in a businesssavings account.
Speaker 2 (16:58):
Those are some great tips, and you are definitely
hitting me in the face with alot of this.
Speaker 3 (17:04):
You and me both honey .
Speaker 2 (17:06):
I need to get business savings.
I do have a business account,but you're so right about that
Because with my marketing itgets expensive.
Especially if you're trying togrow your business and then it
may not pay off in the beginning, but still people are seeing
what you're doing.
So, yeah, definitely, I agreewith that, it's everything what
you're doing.
So, yeah, definitely, I agreewith that, it's everything that
you're doing here.
So what financial steps shouldcouples take about before
(17:27):
getting married?
Speaker 3 (17:29):
That's a good one, wanda.
I tell you what that?
This is another thing that Iteach in my coaching program,
which is financial focusframework, and the focus is an
acronym.
It's F is for face, it O is fororganize and C is for what?
Communication Okay.
Number one thing that we havegot to start doing with our
(17:51):
money before we get married Okay, and that goes into marriage
all throughout is communicationwith your partner.
Where is our money going?
What you spending your money on?
What's your credit?
Are you a heavy credit user ornot so heavy credit user?
What's your goals?
Are y'all goal is to buy ahouse, buy a townhouse, buy a
(18:11):
condo?
How you want to retire?
Okay, a lot of people need tostart talking about that at the
beginning of the marriage.
You want to retire at 60 or 65or 70 or 75, right.
You want to retire at 60 or 65or 70 or 75, right, it's just so
much.
But the main thing is thecommunication about your money.
And then don't forget this,because this is what I had to go
through is your parents?
Ok.
As we get older, we don't knowwhat our parents' financial
(18:34):
situation is.
Don't be scared to communicatewith your parents and your
in-laws about that.
Where are they living?
How are they living?
What's their health situation?
What's their life insurancesituation?
It's so many things that weneed to discuss in our families
that we have not been discussingin the past, which is the
(18:55):
reason why I went through what Iwent through and God said, no,
we got to start talking about it.
We got to start talking aboutit now.
If you're getting married that'sone of the things I didn't have
a privy to is what they callthe marriage council.
So if you are a marriagecounselor, a therapist, a
preacher, a minister, whoeverand if you are one of those
(19:17):
people that counsel other,counsel couples, please counsel
them.
I'm communicating about theirmoney.
They want to communicate.
Talk to them aboutcommunicating about other life
situations, the relationship,your feelings, and, oh, that's
good, that's good, but thatmoney taught me to come in there
too, because money is one ofthe number one reasons for
(19:40):
divorce and I feel like if youhad talked about it beforehand,
you probably would know whateach other are, because
everybody have differentperspectives on money.
Everybody grew up differentlywith money Like for me, I grew
up.
We didn't talk about money, butchildren.
Children were supposed to stayin the child's place.
We didn't ask our parents aboutmoney.
(20:01):
We asked them.
They say we would say we wantsomething at the store and
they'd be like you ain't gettingit because we ain't got no
money.
That's what I used to hear allthe time.
Don't ask for nothing when youget in this store.
Speaker 2 (20:12):
And money don't grow on trees.
That's what we always say.
That's right Money don't growon trees a different way.
Speaker 3 (20:18):
Now your partner might have grew up with a
different thing, where theymight have sat around the
kitchen table and talked aboutthe money and he knew where his
parents' money came from.
He was able to get the thingsthat he wanted.
So it's differences.
So it's definitelycommunication is key.
Speaker 2 (20:35):
And I tell me and my husband that it's four C's
Compromise, consideration andcommitment.
Those are the four C'scompromise consideration and
commitment.
Those are the four C's thatactually kept our marriage going
here.
Absolutely, you got to work onit, but, yeah, I suggest that
for your marriage.
It's for marriage and you'regetting married.
(20:56):
So that's, some great answersthat you gave us Lisa.
So let's talk about and thenwe're winding down here.
Let's talk about one tip thatyou can give people to be able
to be successful in their moneymanagement matters, and also
coaching.
So tell us about that a littlebit.
Speaker 3 (21:10):
The one piece of advice I would give is to focus.
Ok, god gave me the word focuslast year, mid-year last year,
and I created a whole coachingprogram around focus.
God is saying we're not payingattention, we're not
prioritizing, we're not thinkingtoward our financial future.
(21:31):
Like I mentioned before, we inright now, this I want it now
world, or this microwave world,because we want it quick, and
God is saying, no, let's slowdown, because what you want to
do, you want to live life to thefullest, but you want to do it
smartly, okay.
It's just like you can't go outhere and skydive and without a
(21:51):
parachute and think you're goingto live.
It's like you got to have somekind of protection.
Protect yourself, be prepared,live your life, live it to the
fullest, but live it with somesense, some common sense, and
then with some principlesfinancial principles that make
that smart, like the smart goals.
Y'all heard of the smart goals.
So you want to set yourself upfor success as well as set your
(22:16):
family up for success, set yourchildren up for success.
A lot of things that I talkabout in my program is the
future okay, because you don'twant something to happen and
you're not ready.
You're not prepared.
We hope and pray that we liveto see 80 and 90 years old, but
the fact is we don't know if wewill.
(22:37):
The times that we're living inright now and this really
started back from years ago whenthey was having the mass
shootings and things like thateverybody was scared.
You don't know, with something,people is having these mental
issues and you're in that placeand something happens to you and
you're gone and you are themain breadwinner for your family
(22:58):
.
What is your family, what isyour family going to do if you
don't come home that evening?
So it's all about just beingprepared.
It's not to scare you, becauseI don't live scared.
God don't want us to live infear.
God did not give us the spiritof fear.
If you haven't noticed, I talkabout God because my business is
biblically based.
(23:19):
I wrote my book Finding FavorWith your Finances and that's
the favor of God, because that'swhat God gave me.
He gave me favor as I journeyedthrough my financial journey.
Thank God that I was able to dosome things and move some
things around when my fatherdied, that I was able to pay for
his funeral, but I lost hisassets in that because I had to
(23:43):
sell his assets sell his land,sell his trailer and then had to
sell it for way lower than whatit was worth.
So that's another thing ofbeing financially illiterate.
We're not understanding howassets work and the value of the
assets that we have.
But either way, in my book Italk a little bit about that.
What is the name of the assetsthat we have?
(24:03):
But either way, in my book.
Speaker 2 (24:04):
I talk a little bit about that.
What is the name of your book?
Speaker 3 (24:05):
That's what I want to know, the name of my book is
Finding Favor With your Finances, and it is available on Amazon,
but I also have a link that Ican share with you all.
It's on my website as well, atlisastringerbaileycom, or you
can purchase it directly from me, and it's seven principles to
get you to financial security,because my passion is the future
(24:26):
.
I want you to be financiallysecure, not only now, but in
your future.
And if you're not here in yourfuture, because then your family
will be, your children will be.
So it's not about right now,it's about leaving that
financial legacy you know foryears to come come.
Speaker 2 (24:45):
I love it how you bring god into it, because it is
so true that we need that andand have faith because you have
faith to be able to deal witheverything that's going on in
this world today, and a lot ofit is fear, so fear as far as
the money do.
I have enough money to do this,so I love that you mentioned
that and what you talk about,and you do coaching, so tell us
(25:06):
about your coaching.
Speaker 3 (25:08):
So I have a coaching program.
It's called the Financial FocusFramework and it is six weeks,
maybe seven weeks depending onthe client, because I really
like to work with people andwork where they are If they need
extra time.
I really like to work withpeople and work where they are.
If they need extra time, I'mwilling to do that.
But it's a six-week programwhere every week we meet once a
week and we talk about oneletter of the word focus.
(25:31):
So the first week normally isjust an introduction getting to
know each other, writing outsome money goals, what you want
to get out of the program,things like that.
Then the second week we startdiving in with the F, which is
face it, want to get out of theprogram, things like that.
Then the second week we startdiving in with the F, which is
face it.
Face your finances, face yourissue, your circumstance, how'd
you get here?
Why'd you get here?
It's a lot of mind work andface it okay.
(25:51):
And then O is organize.
That's the budgeting, that'sthe organizing, the money
planning, setting goals again,how are we going to get there?
What do you want to accomplish?
Things like that.
Then C again is thecommunication Dive real deep
into communicating, what weshould be communicating and how
to communicate with your familyand your loved ones.
And then the?
U is understanding yourfinances.
(26:14):
This really goes into thevocabulary what it means, what
assets mean, what interest mean,what annual yield mean, all
those type of thingsunderstanding your finances.
And then the S at the end isjust success.
How are you going to seesuccess in your finances?
Where you will be?
If you set these things intoplace, if you take action plans,
(26:35):
go by your plan, live the plan,execute the plan, you will see
success in your finances.
And then so, at the end of theprogram that's my hope is that I
have given you action stepsthat you can take right now and
then continue it on.
And then, of course, we are apartner.
We collaborating now ready, set, collaborate.
(26:55):
I don't just leave you.
I'm one of them people that Iwanna be like family.
We are partners in yourfinancial situation because
things change right.
So as time goes along, you canstill be able to contact me and
say, lisa, this has changed whatyou think about this, ask me
questions and just be like afamily affair.
Speaker 2 (27:16):
I love it.
I love it.
You got to send me those so Ican put it in the show notes for
them to get focused and whatthey each means.
But this has been awesome.
I tell you I really enjoyedthis because you really gave a
lot of information to ouraudience and I suggest people to
definitely connect with you totalk about more as far as what
you're doing, because it doesmatter, and this day and age
(27:39):
today does matter because you dowant to leave a legacy.
So thank you so much for beingon Ready Set Collaborate, but
tell us how they can get intouch with you.
Speaker 3 (27:47):
Absolutely so.
My website islisastringerbaileycom.
You can catch me there.
I'm on all the social medias atLisa Stringer Bailey or Triple
M Money Management Matters.
I also have a YouTube channel,money Management Matters.
I also have a YouTube channel,money Management Matters.
You can catch me there.
Every week I do a broadcast onMonday evenings called Monday
(28:11):
Money Motivation.
So I very much like to motivatepeople in their money.
Like I said, I do use the Bible.
I use scripture to back up whatI'm saying, to let people know
that God cares about you and hecares about your money.
And God wants us to beprosperous, he wants us to be
abundant, he don't want us to bepoor, even though the Bible
(28:32):
does say there will always bepoor among you.
If you get your mind, if youfocus, you ain't got to be the
poor among us.
Okay, you could be the rich,you could be the rich, you could
be the abundant, you can be thewealthy.
So that's my hope and prayer.
Speaker 2 (28:46):
I love it.
I love it how you bring thatall into a little nutshell.
But no, it really does matteras far as how we focus in on
what's important and legacy.
I always talk about the legacymatters because you have family
that you want to leave it to.
You want to have family, thatyou want them to pick up things,
that you're teaching them asthey go along.
Speaker 3 (29:09):
But thank you, Lisa for being on the I was going to
say Money Management Show.
Speaker 2 (29:14):
I'm going to speak it into existence, honey.
That's what I'm talking about,collaboration.
But thank you for being on theReady Set Collaborate podcast
Audience.
I really strongly suggested youshare and subscribe because
it's going to be on YouTube aswell, on my channel, ready Set
Collaborate podcast.
We're Ready Set Collaboratewith Wanda Pearson and that way
you can see all of the episodesthat I have.
I have some great guests, suchas Lisa, that actually can teach
(29:38):
you something.
I'm about educating andempowering.
Lisa's about educating andempowering.
So thank you once again, lisa,for being on the Ready Set
Collaborate podcast.
Speaker 3 (29:46):
You're welcome.
Thank you for having me.
You all have a great day.
Speaker 2 (29:49):
Thank you.
Speaker 1 (29:51):
That wraps up another episode of Ready Set.
Collaborate with Wanda Pearson.
I hope you found inspirationand valuable insights to help
you build meaningful connectionsand successful collaborations
insights to help you buildmeaningful connections and
successful collaborations.
If you enjoyed today'sconversation, be sure to
subscribe, share and stay tunedfor more great discussions.
Until next time, keepcollaborating and making an
(30:12):
impact.
Welcome to Ready Set.
Collaborate with Wanda Pearson.
This is where ideas spark,connections grow and
collaborations fuse success.
Tune in for inspiring stories,expert insights and
game-changing conversations.
Let's build, connect and thrivetogether.
Remember collaboration is thekey to success.
Speaker 2 (00:29):
Welcome.
Welcome to the Ready SetCollaborate podcast with Wanda
Pearson, and I have mygirlfriend, my girl that knows
about money management, LisaDranger-Bailey.
Lisa, welcome to the podcast.
I truly appreciate it, and I'vebeen trying to get you on.
Oh, she had to remind me, Wanda, I'm supposed to be on your
podcast and I said, oh boy, letme get down to my podcast now,
(00:50):
because people need to hearabout this.
It's 2025 and we need to getour money management in order.
It's also our financialsituation in the way.
So, Lisa, tell us a little bitabout yourself and then I'm
going to talk about your bioreal quick.
So, Lisa, tell us a little bitabout yourself and then I want
to talk about your bio realquick.
Speaker 3 (01:05):
Okay.
Thank you so much, ms Wanda,for having me on your podcast
today.
I am super honored andprivileged to be here.
My name is Lisa Stringer Bailey.
I'm the owner and creator ofTriple M Money Management
Matters.
I educate women on how to makemore money, save more money and,
most importantly, protect theirmoney, and I educate on using
(01:28):
life insurance to protect yourincome.
Protect your family membersyourself, your significant
others, your children, your momand them, your daddy and them,
your cousin and them honeyAnybody that you love and care
about should be covered withlife insurance.
Speaker 2 (01:44):
Yes, absolutely Absolutely.
Well, you were telling me aboutthat.
I want to talk about your biohere.
So you gave us some greatinformation, but I want to talk
about your bio because you got alot more than what you're doing
there to help people.
So Lisa Stringer Bailey is theowner and creator of Triple M
Money Management Matter.
Remember it matters.
Triple serves women and theirfamilies with financial
(02:06):
education and money management.
She shows women how to managemoney, save money and protect
their money.
Lisa has a master's degree inaccounting and finance.
She began her financial careerin the US Navy as a procurement
and budget specialist for nineand a half years.
She worked in the bankingindustry for 17 years.
Her current position is acredit analyst for a major oil
(02:29):
and gas company.
Lisa empowers her clients tohave financial peace of mind.
She motivates her clients tothink differently about money by
keeping their mindset positiveand engaging in financial
education.
She teaches how to prioritize,pay themselves first and build
wealth for the future.
Lisa is an advocate of learningnew things, especially about
(02:51):
finances and wealth generation.
She understands the moneystruggle and it is her hard
desire to help lessen thatburden.
Connect with Lisa and we'regoing to put that on the show
notes.
But definitely, lisa.
Thank you so much for being onthe podcast.
I learned some about you here.
I didn't know you was in theNavy and you was in the banking.
Yes, ma'am, so she knows herstuff.
(03:14):
So no, but welcome once again,lisa, for the show.
I truly appreciate that.
This is awesome and you told usa little bit about yourself.
Let's get right into some ofthe questions we have.
So your journey how did itbegin to get you into Triple M?
Money Matters.
Speaker 3 (03:33):
Okay, that came about 10 years ago, about 10 years
ago, when my father actuallypassed away without life
insurance and two months latermy sister passed away without
life insurance, and two monthslater my sister passed away
without life insurance.
So this took me in particularreally my whole family in a
(03:54):
financial whirlwind because wewas like where's the life
insurance?
I thought my father had thattogether.
We always think our parentsknow it all.
They got their stuff together.
He has property, he got land,he got assets, he worked all his
life, had money, but he didn'thave the life insurance.
(04:15):
So when it came time for theburial expenses and all that
fell on me as the oldestdaughter, and so that made me
take a hard look at my ownfinances, cause guess what, I
did not have a savings ininsight of the amount of $10,000
, which is the minimum betweenseven and eight $10,000, seven,
(04:39):
eight $10,000 for burialexpenses, a funeral, the whole
thing.
So, long story short, I wentinto kind of a depression
because I'm in the financialindustry and I was like I
thought I knew this, I thought Iknew what to do, I thought I
had my stuff together, but God,me and God, we had to come to
Jesus meeting and he was likeyou ain't got your stuff
(05:01):
together and you should be,because this is your purpose.
That's really when I discoveredmy purpose as a financial
professional to educate people,to educate families, that life
insurance should be a part ofyour money plan, it should be a
part of your budget, and it'sone of those things that people
don't want to talk about becauseit's death and nobody want to
(05:22):
think about death.
But God says we are all goingto die, right, and we don't know
the hour nor the minute thatit's death, and then nobody
wouldn't think about death.
But God says we all going todie, right, and we don't know
the hour nor the minute thatit's going to happen.
So we got to be prepared.
God was like I need you to tellmy people, I need you to start
talking about this, and so wecreated together Triple M Money
Management Matters, which isnamed after my sister, because
(05:43):
my sister's name was MarshaMichelle Millsap, and she had a
car tag that said triple M, andwhen God showed me that, he said
money management matters,that's what your business is
going to be.
So that's how that came about.
Speaker 2 (05:58):
I love that.
I love that and it's so truebecause the same thing with me.
I was the oldest and my motherhad, back then, only a five
thousand dollar policy yeah well, I'm thinking, okay, that
should pay for that, the funeraland the barrier.
And the undertaker said, no,this is just for the funeral.
I said, oh, my god, that's okay.
So I had to come up with themoney, me and my brother.
Yeah, bury her.
(06:18):
They don't open up that grounduntil you put that money down.
And Facts, yeah, exactly.
And another thing that you talkabout that when I started
networking, I started talkingabout wills.
Right, people don't want totalk about that.
They don't want to talk aboutit.
I remember this one lady saidI'm not going to die soon.
How do you know?
(06:40):
You don't know when you'regoing to die.
You don't know when it's yourtime up.
That's right, better to beprepared.
So I appreciate you telling usabout that, because that is so
important.
Life insurance and making sureyou got your stuff in the order
yes, how can people create arealistic budget and stick to it
by what you said, to be able tomanage, yeah, your family
(07:04):
insurance and financial.
How can they do that?
Speaker 3 (07:07):
The number one thing that I tell my clients which is
a part of my coaching program isyou have to acknowledge it, you
have to face what you got.
You got to sit down and takesome time with your money when
you are working a job.
A lot of times we're justworking 9 to 5, 40, 50, 60 hours
(07:28):
a week and we're not taking thetime to see where our money is
going.
That's what a budget is, or Icall it a money plan.
A lot of people get restrictivewith the word budget.
They don't want to do it.
So I say let's try to plan it.
You like planning parties, welike planning events, planning
our vacations plan it.
You like planning parties, welike planning events, planning
(07:49):
our vacations.
Let's plan our money.
So just take some time outevery single day or every week,
every week, every two weeks howoften you get paid?
Take some time, have a datewith your money, put it on your
calendar, give yourself 30minutes to an hour to sit down
and plan your money.
You need to know where everysingle cent penny of your money
is going.
(08:09):
Okay, therefore, you canallocate it to the places it
needs to go, like in lifeinsurance.
Okay, I always tell my clientspay yourself first.
That's the savings part.
Make sure you have somethinggoing into an emergency savings
account and then allocate moneyout to your needs.
We know we need housing, weknow we need shelter, we need
(08:33):
heat lights all that that's good, but also put the life
insurance in there as a need.
Just like you need carinsurance, you need health
insurance, you need houseinsurance, you need life
insurance, you need lifeinsurance.
So that needs to go in therewith the needs and not just at
the end of whatever you haveleft over, which nine times out
(08:54):
of ten, we ain't got nothingleft over so that's why we don't
have the life insuranceabsolutely, and I start calling
my legal insurance.
Speaker 2 (09:02):
So you got all these other things need legal
insurance, right?
So that's right it's soimportant because we, like I
said, said you just never know.
I just had a niece that died at38 years old.
Speaker 3 (09:12):
Wow, I'm so sorry.
Speaker 2 (09:14):
And, like you said, life insurance is so important,
but a lot of us don't think that, especially growing up in our
generation.
Nobody talked to us about thatlater, and then it was just a
shame.
So let me ask you somethinghere.
Another question so what arethe best investments options for
beginners?
What would you suggest?
Speaker 3 (09:32):
You speaking of investing in financial.
As a beginner, I would say justset your sights on investing in
a good high yield savingsaccount.
Okay, we want to start there,especially if you are on a tight
budget.
You're just getting out ofschool, maybe, or you just
landed that job where youfinally getting a substantial
(09:55):
amount of money.
Start with a high yield savingsaccount.
I know a lot of.
I worked in the banking industryfor 17 years, so I know the
whole routine.
You go in there, you open upyour checking account.
The next question they're goingto ask you do you want a
savings account?
Everybody want to say yeah, butwe don't think about whether
that are we making any intereston that money.
Now, most interest in a regularbank, a regular checking
(10:18):
savings account, is a 0.01010.
Not even a hundredth of it's nomoney.
Okay, you may have a thousanddollars in there and you might
make interest, maybe 25 cents.
I don't know.
It's nothing.
So what I would suggest is openup you a high yield savings
account in a different bank,outside of your checking,
(10:40):
outside of your checking bank.
Cause, therefore, you won't seeit every day.
Cause for me and I went throughthis myself I had to learn I
would see my checking and mysavings in the same bank, okay.
And when my checking got low orin the negative because it was
(11:00):
there many times I would pull itfrom the savings.
So therefore I never hadsavings because I was always
pulling it to cover the checkingright.
So if you put it in a separatebank high yield about three to
to 4% there's a lot of them outthere right now then you don't
see it.
So therefore you set it up onan automatic draft,
automatically going there out ofsight, out of mind, and just
let it grow there.
That's the start of yourinvestments, okay.
(11:22):
And then, once it gets to acertain amount, say you want to.
It's a step-by-step process,but you want to get at least six
months worth of expenses inthere and in anything over that
you can start investing intoother areas, maybe stock market,
maybe real estate, maybe downpayment on a home, whatever your
financial goals is.
Speaker 2 (11:44):
That is so true because that's what I my
financial advisor.
He told me the same thing, so Iend up doing that my money.
I'm like I don't have thismoney in savings but I'm getting
25 cents.
So what I did?
Open up a higher year savingsaccount and I looked in it and I
said, oh my God, I can'tbelieve I didn't do this a long
time ago.
And you're right.
Put it in a different bank.
Because you're right about that, boy.
(12:05):
I tell you, if you're checkingthe savings in the same account,
you say, let me borrow from thesavings account, and then it
goes down.
Very good advice.
I really appreciate that and Isay, okay, I'm doing the right
thing.
Yes, ma'am, what I need to dois pay myself.
Speaker 1 (12:16):
I need to start paying myself?
Speaker 2 (12:18):
Yes, ma'am, I don't do that.
So how that they have littlemoney to spare?
Speaker 3 (12:25):
That's where you have to really sit down and I call
it a mindset shift.
Okay, we got to decide in ourmind what's more important,
what's a priority in our moneyplan.
You have to distinguish betweenyour needs and your wants.
Okay, a lot of times, if wereally sit down and look at our
(12:47):
money and look at our statementsand things like that, a lot of
times, if we really sit down andlook at our money and look at
our statements and things likethat, a lot of the things in
there are things that we wantbecause we in a want world right
now, we want it, we're gonnaget it.
Right now, we don't care, wegotta put it on our credit card.
We don't care, we want it,we're gonna have it.
Okay, we have.
It's a mindset shift.
You have to shift your mind tosay, okay, I want it, but let me
(13:10):
think, let me hold off 48 hoursand see if I still going to
want it.
Let me see if I really want it.
Bad enough, let me set up amoney goal.
Let me set up a goal for thatitem where I can save $20, $40,
$50 every pay period until I getthe money and I can pay cash
for it.
I ain't got to put it on acredit card, because that's a
(13:31):
whole nother issue, puttingstuff on a credit card and how
much you're really going to payfor it.
My advice would be toprioritize.
You really have got to changeyour mindset and prioritize
what's really important to you.
Is it a need or is it a want?
Speaker 2 (13:46):
That's a great way to do that.
I'm going to start doing that48 hour thing, yes, but yeah,
speaking of that.
So what financial advice do youhave for small businesses who
are entrepreneurs?
Speaker 3 (14:00):
Number one advice and a lot of people probably know
this if they are a seasonedbusiness owner is to separate
your personal finances from yourbusiness finances.
Now, if you are a brand newbusiness, you might not know
this, because you might be whatwe call bootstrapping.
We're using a lot of ourpersonal finances to fund our
business, which I do that too.
(14:21):
But you have to learn how to do.
Like a funds transfer, transferfrom a personal account into a
business account.
Set you up a business account.
If you run the business, youwant to make sure it's legal and
Wanda can let you know aboutthat.
You need an LLC, okay.
Don't just be saying I got abusiness and you run it through
a personal.
No, that's not a true business.
(14:42):
True business is a legal entity.
And when you get that legalentity into place, then you go
open up you a business checkingaccount, okay, and run all your
expenses through that businesschecking account and not in your
personal, because that can getyou into some tax trouble and
I'm not a tax person, but whenyou get your business, I also
(15:04):
get you a good tax professional.
Speaker 2 (15:06):
Yes, yeah, yeah, I just did our taxes with our tax
professional.
So, yeah, that's another thing.
So how can a small businessowner separate personal and
business finance?
And I think you already touchedon that a little bit.
Speaker 3 (15:22):
Yeah, just make sure you have a separate checking
account, get you.
And then, if you can't afford Iwas going to say a bookkeeper
you can definitely look onlineand get some bookkeeping
software.
Quickbooks is one.
They're a popular one, but theycan be a little expensive.
Now there's some out therethat's free or some that's way
(15:45):
less expensive than a QuickBook.
Just do your research, google.
You can Google everything,youtube everything, free
accounting software and makesure you get that downloaded on
your computer.
Put in all your expenses so youcan have a track record of all
your spending, all the moneythat you're making, where the
money going to.
And another piece of advice Iwould give a small business
(16:06):
owner is also have you a savingsaccount for your business that
you can use later on down theroad for expansion, for
marketing campaigns, forprojects to grow your business.
That's a mistake that I made.
When you start now you're notmaking a whole lot of money.
So a lot of times a lot of themoney you're making is going
back into the business.
(16:26):
But you have to be intentionaland say let me make sure I put a
little bit in a savings accountfor later, especially for
marketing.
Marketing is very expensivewhen you start getting ready to
grow your business.
That's where I am right nowwith growing my business and I'm
having to put out a lot ofmarketing dollars.
But if I had saved it from thebeginning, I would have more to
(16:48):
work with.
But so that's a piece of advicefor a business owner is to
definitely save a little bit.
Save what you can in a businesssavings account.
Speaker 2 (16:58):
Those are some great tips, and you are definitely
hitting me in the face with alot of this.
Speaker 3 (17:04):
You and me both honey .
Speaker 2 (17:06):
I need to get business savings.
I do have a business account,but you're so right about that
Because with my marketing itgets expensive.
Especially if you're trying togrow your business and then it
may not pay off in the beginning, but still people are seeing
what you're doing.
So, yeah, definitely, I agreewith that, it's everything what
you're doing.
So, yeah, definitely, I agreewith that, it's everything that
you're doing here.
So what financial steps shouldcouples take about before
(17:27):
getting married?
Speaker 3 (17:29):
That's a good one, wanda.
I tell you what that?
This is another thing that Iteach in my coaching program,
which is financial focusframework, and the focus is an
acronym.
It's F is for face, it O is fororganize and C is for what?
Communication Okay.
Number one thing that we havegot to start doing with our
(17:51):
money before we get married Okay, and that goes into marriage
all throughout is communicationwith your partner.
Where is our money going?
What you spending your money on?
What's your credit?
Are you a heavy credit user ornot so heavy credit user?
What's your goals?
Are y'all goal is to buy ahouse, buy a townhouse, buy a
(18:11):
condo?
How you want to retire?
Okay, a lot of people need tostart talking about that at the
beginning of the marriage.
You want to retire at 60 or 65or 70 or 75, right.
You want to retire at 60 or 65or 70 or 75, right, it's just so
much.
But the main thing is thecommunication about your money.
And then don't forget this,because this is what I had to go
through is your parents?
Ok.
As we get older, we don't knowwhat our parents' financial
(18:34):
situation is.
Don't be scared to communicatewith your parents and your
in-laws about that.
Where are they living?
How are they living?
What's their health situation?
What's their life insurancesituation?
It's so many things that weneed to discuss in our families
that we have not been discussingin the past, which is the
(18:55):
reason why I went through what Iwent through and God said, no,
we got to start talking about it.
We got to start talking aboutit now.
If you're getting married that'sone of the things I didn't have
a privy to is what they callthe marriage council.
So if you are a marriagecounselor, a therapist, a
preacher, a minister, whoeverand if you are one of those
(19:17):
people that counsel other,counsel couples, please counsel
them.
I'm communicating about theirmoney.
They want to communicate.
Talk to them aboutcommunicating about other life
situations, the relationship,your feelings, and, oh, that's
good, that's good, but thatmoney taught me to come in there
too, because money is one ofthe number one reasons for
(19:40):
divorce and I feel like if youhad talked about it beforehand,
you probably would know whateach other are, because
everybody have differentperspectives on money.
Everybody grew up differentlywith money Like for me, I grew
up.
We didn't talk about money, butchildren.
Children were supposed to stayin the child's place.
We didn't ask our parents aboutmoney.
(20:01):
We asked them.
They say we would say we wantsomething at the store and
they'd be like you ain't gettingit because we ain't got no
money.
That's what I used to hear allthe time.
Don't ask for nothing when youget in this store.
Speaker 2 (20:12):
And money don't grow on trees.
That's what we always say.
That's right Money don't growon trees a different way.
Speaker 3 (20:18):
Now your partner might have grew up with a
different thing, where theymight have sat around the
kitchen table and talked aboutthe money and he knew where his
parents' money came from.
He was able to get the thingsthat he wanted.
So it's differences.
So it's definitelycommunication is key.
Speaker 2 (20:35):
And I tell me and my husband that it's four C's
Compromise, consideration andcommitment.
Those are the four C'scompromise consideration and
commitment.
Those are the four C's thatactually kept our marriage going
here.
Absolutely, you got to work onit, but, yeah, I suggest that
for your marriage.
It's for marriage and you'regetting married.
(20:56):
So that's, some great answersthat you gave us Lisa.
So let's talk about and thenwe're winding down here.
Let's talk about one tip thatyou can give people to be able
to be successful in their moneymanagement matters, and also
coaching.
So tell us about that a littlebit.
Speaker 3 (21:10):
The one piece of advice I would give is to focus.
Ok, god gave me the word focuslast year, mid-year last year,
and I created a whole coachingprogram around focus.
God is saying we're not payingattention, we're not
prioritizing, we're not thinkingtoward our financial future.
(21:31):
Like I mentioned before, we inright now, this I want it now
world, or this microwave world,because we want it quick, and
God is saying, no, let's slowdown, because what you want to
do, you want to live life to thefullest, but you want to do it
smartly, okay.
It's just like you can't go outhere and skydive and without a
(21:51):
parachute and think you're goingto live.
It's like you got to have somekind of protection.
Protect yourself, be prepared,live your life, live it to the
fullest, but live it with somesense, some common sense, and
then with some principlesfinancial principles that make
that smart, like the smart goals.
Y'all heard of the smart goals.
So you want to set yourself upfor success as well as set your
(22:16):
family up for success, set yourchildren up for success.
A lot of things that I talkabout in my program is the
future okay, because you don'twant something to happen and
you're not ready.
You're not prepared.
We hope and pray that we liveto see 80 and 90 years old, but
the fact is we don't know if wewill.
(22:37):
The times that we're living inright now and this really
started back from years ago whenthey was having the mass
shootings and things like thateverybody was scared.
You don't know, with something,people is having these mental
issues and you're in that placeand something happens to you and
you're gone and you are themain breadwinner for your family
(22:58):
.
What is your family, what isyour family going to do if you
don't come home that evening?
So it's all about just beingprepared.
It's not to scare you, becauseI don't live scared.
God don't want us to live infear.
God did not give us the spiritof fear.
If you haven't noticed, I talkabout God because my business is
biblically based.
(23:19):
I wrote my book Finding FavorWith your Finances and that's
the favor of God, because that'swhat God gave me.
He gave me favor as I journeyedthrough my financial journey.
Thank God that I was able to dosome things and move some
things around when my fatherdied, that I was able to pay for
his funeral, but I lost hisassets in that because I had to
(23:43):
sell his assets sell his land,sell his trailer and then had to
sell it for way lower than whatit was worth.
So that's another thing ofbeing financially illiterate.
We're not understanding howassets work and the value of the
assets that we have.
But either way, in my book Italk a little bit about that.
What is the name of the assetsthat we have?
(24:03):
But either way, in my book.
Speaker 2 (24:04):
I talk a little bit about that.
What is the name of your book?
Speaker 3 (24:05):
That's what I want to know, the name of my book is
Finding Favor With your Finances, and it is available on Amazon,
but I also have a link that Ican share with you all.
It's on my website as well, atlisastringerbaileycom, or you
can purchase it directly from me, and it's seven principles to
get you to financial security,because my passion is the future
(24:26):
.
I want you to be financiallysecure, not only now, but in
your future.
And if you're not here in yourfuture, because then your family
will be, your children will be.
So it's not about right now,it's about leaving that
financial legacy you know foryears to come come.
Speaker 2 (24:45):
I love it how you bring god into it, because it is
so true that we need that andand have faith because you have
faith to be able to deal witheverything that's going on in
this world today, and a lot ofit is fear, so fear as far as
the money do.
I have enough money to do this,so I love that you mentioned
that and what you talk about,and you do coaching, so tell us
(25:06):
about your coaching.
Speaker 3 (25:08):
So I have a coaching program.
It's called the Financial FocusFramework and it is six weeks,
maybe seven weeks depending onthe client, because I really
like to work with people andwork where they are If they need
extra time.
I really like to work withpeople and work where they are.
If they need extra time, I'mwilling to do that.
But it's a six-week programwhere every week we meet once a
week and we talk about oneletter of the word focus.
(25:31):
So the first week normally isjust an introduction getting to
know each other, writing outsome money goals, what you want
to get out of the program,things like that.
Then the second week we startdiving in with the F, which is
face it, want to get out of theprogram, things like that.
Then the second week we startdiving in with the F, which is
face it.
Face your finances, face yourissue, your circumstance, how'd
you get here?
Why'd you get here?
It's a lot of mind work andface it okay.
(25:51):
And then O is organize.
That's the budgeting, that'sthe organizing, the money
planning, setting goals again,how are we going to get there?
What do you want to accomplish?
Things like that.
Then C again is thecommunication Dive real deep
into communicating, what weshould be communicating and how
to communicate with your familyand your loved ones.
And then the?
U is understanding yourfinances.
(26:14):
This really goes into thevocabulary what it means, what
assets mean, what interest mean,what annual yield mean, all
those type of thingsunderstanding your finances.
And then the S at the end isjust success.
How are you going to seesuccess in your finances?
Where you will be?
If you set these things intoplace, if you take action plans,
(26:35):
go by your plan, live the plan,execute the plan, you will see
success in your finances.
And then so, at the end of theprogram that's my hope is that I
have given you action stepsthat you can take right now and
then continue it on.
And then, of course, we are apartner.
We collaborating now ready, set, collaborate.
(26:55):
I don't just leave you.
I'm one of them people that Iwanna be like family.
We are partners in yourfinancial situation because
things change right.
So as time goes along, you canstill be able to contact me and
say, lisa, this has changed whatyou think about this, ask me
questions and just be like afamily affair.
Speaker 2 (27:16):
I love it.
I love it.
You got to send me those so Ican put it in the show notes for
them to get focused and whatthey each means.
But this has been awesome.
I tell you I really enjoyedthis because you really gave a
lot of information to ouraudience and I suggest people to
definitely connect with you totalk about more as far as what
you're doing, because it doesmatter, and this day and age
(27:39):
today does matter because you dowant to leave a legacy.
So thank you so much for beingon Ready Set Collaborate, but
tell us how they can get intouch with you.
Speaker 3 (27:47):
Absolutely so.
My website islisastringerbaileycom.
You can catch me there.
I'm on all the social medias atLisa Stringer Bailey or Triple
M Money Management Matters.
I also have a YouTube channel,money Management Matters.
I also have a YouTube channel,money Management Matters.
You can catch me there.
Every week I do a broadcast onMonday evenings called Monday
(28:11):
Money Motivation.
So I very much like to motivatepeople in their money.
Like I said, I do use the Bible.
I use scripture to back up whatI'm saying, to let people know
that God cares about you and hecares about your money.
And God wants us to beprosperous, he wants us to be
abundant, he don't want us to bepoor, even though the Bible
(28:32):
does say there will always bepoor among you.
If you get your mind, if youfocus, you ain't got to be the
poor among us.
Okay, you could be the rich,you could be the rich, you could
be the abundant, you can be thewealthy.
So that's my hope and prayer.
Speaker 2 (28:46):
I love it.
I love it how you bring thatall into a little nutshell.
But no, it really does matteras far as how we focus in on
what's important and legacy.
I always talk about the legacymatters because you have family
that you want to leave it to.
You want to have family, thatyou want them to pick up things,
that you're teaching them asthey go along.
Speaker 3 (29:09):
But thank you, Lisa for being on the I was going to
say Money Management Show.
Speaker 2 (29:14):
I'm going to speak it into existence, honey.
That's what I'm talking about,collaboration.
But thank you for being on theReady Set Collaborate podcast
Audience.
I really strongly suggested youshare and subscribe because
it's going to be on YouTube aswell, on my channel, ready Set
Collaborate podcast.
We're Ready Set Collaboratewith Wanda Pearson and that way
you can see all of the episodesthat I have.
I have some great guests, suchas Lisa, that actually can teach
(29:38):
you something.
I'm about educating andempowering.
Lisa's about educating andempowering.
So thank you once again, lisa,for being on the Ready Set
Collaborate podcast.
Speaker 3 (29:46):
You're welcome.
Thank you for having me.
You all have a great day.
Speaker 2 (29:49):
Thank you.
Speaker 1 (29:51):
That wraps up another episode of Ready Set.
Collaborate with Wanda Pearson.
I hope you found inspirationand valuable insights to help
you build meaningful connectionsand successful collaborations
insights to help you buildmeaningful connections and
successful collaborations.
If you enjoyed today'sconversation, be sure to
subscribe, share and stay tunedfor more great discussions.
Until next time, keepcollaborating and making an
(30:12):
impact.
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