013: How To Take Charge of Your Personal Finances: An Interview With The Financial Guru Who Changed My Life with Allegra Moet Brantly, Founder of Factora

40% of American’s can’t afford a $400 emergency. That’s a personal finance crisis if I’ve ever heard one. If you’re like me, at one point in your life you’ve probably completely ignored your personal finances. Whether you let your partner handle all the finances for your family or you feel like you don’t understand the financial space enough to step up and take responsibility for your own money, this episode will help you feel more empowered about your finances. My husband Austin and I are joined by our good friend Allegra Moet Brantly, Founder of Factora, a company on a mission to help 1 million women build $1 million in net worth. In this episode we talk about personal finances, building a financial foundation, and building long-term wealth. Episode Highlights:  2:57 Allegra’s personal financial revolution 6:20 The first step to financial empowerment 10:00 How to set a good foundation for your finances 14:24 Ditching a traditional budget and getting started with values-based spending 17:24 What most people forget when setting financial goals 18:40 The easiest thing you can do to start growing your savings faster 22:27 Why you shouldn’t be afraid to leave your bank and financial institutions Allegra recommends 26:51The three types of asset classes to invest in 28:53 What diversification means and what it can look like for you 30:17 How to take part in financial wellness on a smaller salary  33:02 My financial revolution and the importance of women taking ownership of their personal finances 36:52 How finances brought Austin and I closer in our relationship 38:20 How to automate your finances and the system Austin and I use for our own automation 42:19 The power of compounding interest 44:03 Three ways that you can start investing 48:06The difference between Traditional IRAs, Roth IRAs and 401k’s and how to decide what’s right for you 51:47 Is it worth it to hire a financial advisor?  57:23 How to tackle your credit card and student loan debt 1:03:49 Allegra’s personal financial goals 1:08:58 Mine and Austin’s personal finance goals for financial freedom 1:10:43 Why now is the perfect time to start paying attention to your finances  1:12:32 Allegra’s favorite resources for personal finances Links and Resources:  Allegra’s Website Factora Wealth Factora on Instagram Factora on Facebook Allegra on Instagram Coffee and Coin Podcast Factora Course: Six Figure Savings Factora Course: The Wealth Circle Capital One Ally Bank Nerd Wallet Bank Rate Betterment Wealthfront Ellevest Robinhood Student Loan Genius (now Vault) SoFi I Will Teach You To Be Rich by Ramit Sethi Rich Dad, Poor Dad by Robert T. Kiyosaki Guest Bio Allegra Moet Brantly is on a mission to lead 1 million women to $1 million in net worth. To do so, she founded Factora Wealth, an online course & community that educates and empowers women to build real wealth, together. A serial entrepreneur, real estate investor, dog lover, and Texan since 2017, Allegra's deeply passionate about helping women learn how to invest in financial freedom.