WEBVTT NOTE This file was generated by Descript 00:00:01.170 --> 00:00:05.370 Welcome to The Chemical Show, the podcast where Chemical means business. 00:00:05.910 --> 00:00:09.720 I'm your host, Victoria Meyer, bringing you stories and insights 00:00:09.720 --> 00:00:13.590 from leaders driving innovation and growth across the chemical industry. 00:00:14.520 --> 00:00:18.840 Each week we explore key trends, real world challenges, and the 00:00:18.840 --> 00:00:20.700 strategies that make an impact. 00:00:20.910 --> 00:00:21.750 Let's get started. 00:00:23.203 --> 00:00:24.733 victoria_1_03-04-2025_135541: Welcome back to the chemical show. 00:00:25.073 --> 00:00:28.803 We are wrapping up our interviews for the month of March, which had 00:00:28.803 --> 00:00:33.233 been featuring women executives And today's guest is really about 00:00:33.233 --> 00:00:36.313 the big M's Money and mindset. 00:00:36.723 --> 00:00:39.393 So I've today I've got Audrey Fost with me. 00:00:39.423 --> 00:00:44.913 She is a financial powerhouse Dedicated to empowering women entrepreneurs 00:00:44.913 --> 00:00:49.763 and women overall with clarity and confidence in their finances a 00:00:49.763 --> 00:00:54.833 CFO financial business coach and a bestselling author of She Grows Rich. 00:00:55.843 --> 00:01:01.713 helps ambitious women master their money mindset and financial strategies to 00:01:01.723 --> 00:01:06.433 scale their business profitably, to feel secure in their financials and more. 00:01:06.753 --> 00:01:10.343 And Audrey is on a mission to help women achieve financial independence by 00:01:10.343 --> 00:01:12.813 making smart, empowered money decisions. 00:01:13.063 --> 00:01:16.353 While Audrey primarily works with women entrepreneurs, in fact, 00:01:16.363 --> 00:01:17.643 that's how I got to know Audrey. 00:01:17.643 --> 00:01:20.003 We were in a digital class together. 00:01:20.293 --> 00:01:24.783 I find that her messages are so critical for corporate women as well, right? 00:01:24.793 --> 00:01:29.033 For women in industry, we're already going against some norms, whether 00:01:29.033 --> 00:01:33.233 it be as an engineer, as chemist, as leaders in the chemical industry. 00:01:33.733 --> 00:01:38.823 There's a lot of societal biases as you and I both know around women in. 00:01:39.883 --> 00:01:42.583 roles around women and money and more. 00:01:43.783 --> 00:01:49.383 when you're the primary earner, which many women across the industry are. 00:01:49.443 --> 00:01:49.733 Right? 00:01:49.813 --> 00:01:53.413 I know for myself when I was at Shell and I remember the first time a boss 00:01:53.413 --> 00:01:57.463 said, Oh, well I just assumed your husband was senior to you or whatever. 00:01:57.848 --> 00:02:02.033 Oh no, you know, I've always the financial driver in the family in many 00:02:02.033 --> 00:02:03.483 ways from an earning power perspective. 00:02:03.813 --> 00:02:08.163 And most women executives are as well. 00:02:08.503 --> 00:02:11.403 And it's something that we're a little bit blind to at times, but the reality 00:02:11.403 --> 00:02:13.463 is we shouldn't be blind to it. 00:02:13.503 --> 00:02:15.113 We shouldn't be uncomfortable with it. 00:02:15.603 --> 00:02:17.603 Men make money, women make money. 00:02:17.633 --> 00:02:21.733 We all need to master our money and mindset more effectively. 00:02:21.743 --> 00:02:25.873 So Audrey's going to clear the air on some of these topics and give us some 00:02:25.893 --> 00:02:27.543 insights that we can apply immediately. 00:02:27.863 --> 00:02:32.223 I'm also going to be linking in the show notes and on our website Audrey's 00:02:32.233 --> 00:02:36.640 book, She Grows Rich, which is, will be in the show notes and on our website 00:02:36.640 --> 00:02:39.830 so that you can get a copy for yourself because I think you're going to enjoy it. 00:02:40.400 --> 00:02:42.150 Audrey, thank you for joining me today. 00:02:42.656 --> 00:02:43.496 audrey-faust--mba_1_03-04-2025_145541: Hi, Victoria. 00:02:43.506 --> 00:02:45.096 Thank you so much for having me. 00:02:45.466 --> 00:02:46.856 I'm excited to be here. 00:02:46.946 --> 00:02:47.756 Absolutely. 00:02:47.925 --> 00:02:48.245 victoria_1_03-04-2025_135541: too. 00:02:48.245 --> 00:02:54.168 So your career, and you share some of this in your, um, in your book, She Grows Rich. 00:02:54.178 --> 00:02:58.658 I know when I read your opening chapter, I was like, wow, you're really open 00:02:58.708 --> 00:03:03.258 about where you came from and where you are and how you got here today. 00:03:03.308 --> 00:03:06.848 can you share some of that with us in terms of just what your career and 00:03:06.848 --> 00:03:09.718 what your mindset is and how you've evolved to where you are today? 00:03:11.329 --> 00:03:12.019 audrey-faust--mba_1_03-04-2025_145541: Thank you. 00:03:12.639 --> 00:03:18.089 Um, yeah, so I grew up, in a lower middle class family. 00:03:18.689 --> 00:03:23.299 We didn't have a lot of money and my dad. 00:03:24.054 --> 00:03:27.224 Was the breadwinner in that family. 00:03:27.324 --> 00:03:34.284 My mom, was in a marriage that, um, my dad struggled with some mental health issues. 00:03:34.284 --> 00:03:35.604 So she felt like she was. 00:03:36.354 --> 00:03:39.454 She's stuck in a marriage and she couldn't get out. 00:03:39.671 --> 00:03:43.861 she had always said to me, make sure you can always, make sure 00:03:43.861 --> 00:03:45.441 you can always support yourself. 00:03:46.261 --> 00:03:49.911 And I was like, yeah, yeah, yeah, right. 00:03:49.961 --> 00:03:50.621 And 00:03:50.815 --> 00:03:51.445 victoria_1_03-04-2025_135541: when you're a kid. 00:03:51.541 --> 00:03:52.031 audrey-faust--mba_1_03-04-2025_145541: right. 00:03:52.081 --> 00:03:52.501 Right. 00:03:52.501 --> 00:03:52.701 Yeah. 00:03:52.701 --> 00:03:52.911 Yeah. 00:03:52.911 --> 00:03:53.241 Yeah. 00:03:53.291 --> 00:03:53.891 Okay, mom. 00:03:53.891 --> 00:03:54.441 Okay, mom. 00:03:54.441 --> 00:03:57.571 But you know, and as a kid, you really don't even know what that means. 00:03:57.661 --> 00:04:03.731 I wasn't great at school, at high school, and, you know, I was like, at first, 00:04:03.731 --> 00:04:07.711 and I talk more about that in my book, I didn't go to college out of school, 00:04:08.091 --> 00:04:12.021 I struggled in school, and at first I was like, well, yeah, I'm just, I'm just 00:04:12.051 --> 00:04:13.681 going to get a job, no problem, right? 00:04:14.401 --> 00:04:21.001 Fast forward, I'm in my 20s, I got married, I'm in my 20s, I have two kids, 00:04:21.711 --> 00:04:24.571 and Daycare is not affordable to me. 00:04:24.688 --> 00:04:30.228 I'm working odd jobs and trying to make ends meet. 00:04:30.288 --> 00:04:33.218 And my husband had started his own business at this time. 00:04:34.288 --> 00:04:36.821 And I found myself in a position. 00:04:36.821 --> 00:04:40.291 I learned how to, I had took a, done a training course and 00:04:40.521 --> 00:04:41.871 learned how to do tax returns. 00:04:41.901 --> 00:04:45.645 I was working for a tax prep company and I remember doing my 00:04:45.685 --> 00:04:49.935 own tax return and I was super. 00:04:50.160 --> 00:04:54.050 Like I'm doing my tax return after work and put in all the 00:04:54.050 --> 00:04:56.573 numbers and hit, calculate. 00:04:57.183 --> 00:04:59.623 And I got this huge refunds, right. 00:04:59.673 --> 00:05:03.987 And I was like, wow, why am I getting, this is a big refund. 00:05:03.987 --> 00:05:05.487 It's not what I expected. 00:05:05.567 --> 00:05:07.527 I'm like, Oh, maybe I did something wrong. 00:05:07.537 --> 00:05:09.187 And I'm like, looking at all the numbers. 00:05:09.187 --> 00:05:13.537 Well, here, what had happened is I had qualified for what 00:05:13.537 --> 00:05:15.277 was what they still have. 00:05:15.317 --> 00:05:16.527 It's called a. 00:05:16.557 --> 00:05:18.167 Earned income tax credit. 00:05:18.437 --> 00:05:24.537 So for those people who are on the poverty line, the government gives you money back 00:05:24.557 --> 00:05:27.297 in addition to what you paid in, in taxes. 00:05:27.340 --> 00:05:34.663 And that was the moment I realized like, Oh my gosh, this is where I'm at. 00:05:35.363 --> 00:05:37.363 I need government assistance. 00:05:37.413 --> 00:05:43.153 That year we were, we were making 24, 000 a year trying to support a family 00:05:43.153 --> 00:05:45.723 of, of four, two, two young children. 00:05:45.723 --> 00:05:52.393 And that moment literally brought me to tears and shocked me into 00:05:52.583 --> 00:05:57.023 changing as well because I was like, this isn't what I want for my kids. 00:05:57.063 --> 00:05:58.973 This isn't what I want for myself. 00:05:59.132 --> 00:05:59.752 victoria_1_03-04-2025_135541: Yeah. 00:06:01.393 --> 00:06:02.673 audrey-faust--mba_1_03-04-2025_145541: my mom's words. 00:06:03.238 --> 00:06:05.278 You should be able to support yourself. 00:06:05.298 --> 00:06:07.558 You make sure you should, you can support yourself. 00:06:07.558 --> 00:06:12.048 We're echoing in the background because at that moment, I couldn't, I couldn't 00:06:12.048 --> 00:06:15.338 even like help support the family barely. 00:06:15.518 --> 00:06:17.878 And I definitely couldn't support myself. 00:06:18.005 --> 00:06:22.125 Now, I was married, I was happily married, I'm still married to the same man today, 00:06:22.895 --> 00:06:29.412 but, having that, oh my gosh, what if something happens, or what if I turn out 00:06:29.422 --> 00:06:35.032 in the same situation as my mother, and just, she was very unhappy her entire 00:06:35.032 --> 00:06:38.657 life, struggling with my father's issues. 00:06:38.820 --> 00:06:40.640 Like, I don't want that for myself. 00:06:40.690 --> 00:06:41.750 Like, I grew up in that. 00:06:41.760 --> 00:06:43.370 That's, that's not what I want. 00:06:44.060 --> 00:06:47.760 And, yes, that was the beginning of my story. 00:06:47.879 --> 00:06:48.159 victoria_1_03-04-2025_135541: you, 00:06:48.450 --> 00:06:49.100 audrey-faust--mba_1_03-04-2025_145541: Yes. 00:06:49.129 --> 00:06:52.339 victoria_1_03-04-2025_135541: a lot about transition, so that was a huge transition 00:06:52.349 --> 00:06:54.129 cause then you, you went to school. 00:06:54.569 --> 00:06:55.019 Is that right? 00:06:55.150 --> 00:06:56.900 audrey-faust--mba_1_03-04-2025_145541: Yeah, not immediately, because I had to 00:06:56.900 --> 00:06:58.690 figure out how to make some money first. 00:06:58.700 --> 00:07:04.440 But, like, just to support the family, I ended up working a little 00:07:04.440 --> 00:07:08.150 bit at Vanguard, and that's where I learned a little bit about investing. 00:07:08.150 --> 00:07:10.155 And they had a evening shift. 00:07:10.595 --> 00:07:14.455 But once we were able to get a little bit more of a footing, then yes, I went 00:07:14.455 --> 00:07:19.565 back to school and got my accounting degree, then even went on and got my MBA. 00:07:19.975 --> 00:07:24.225 But, I definitely had in the back of my mind, I need to be able to support myself. 00:07:24.255 --> 00:07:27.305 And I didn't even, like I said, when I was young, I didn't know what that meant. 00:07:27.435 --> 00:07:28.575 I didn't even know what that meant. 00:07:28.689 --> 00:07:28.869 victoria_1_03-04-2025_135541: And 00:07:28.975 --> 00:07:29.425 audrey-faust--mba_1_03-04-2025_145541: until you 00:07:29.499 --> 00:07:30.029 victoria_1_03-04-2025_135541: faced you. 00:07:30.710 --> 00:07:31.100 audrey-faust--mba_1_03-04-2025_145541: Yeah. 00:07:31.380 --> 00:07:31.660 Yeah. 00:07:31.690 --> 00:07:34.780 And then I'm like, okay, I'm right where she told me not to be. 00:07:35.464 --> 00:07:38.274 victoria_1_03-04-2025_135541: So how did you go from that point of 00:07:38.334 --> 00:07:42.774 kind of a crisis point, and a big realization point to where you are today? 00:07:42.794 --> 00:07:48.754 Because today you're, financially well set, you support yourself, you support 00:07:48.754 --> 00:07:54.044 your family, and you help others master their money and their mindset. 00:07:54.820 --> 00:07:55.340 audrey-faust--mba_1_03-04-2025_145541: yes. 00:07:55.430 --> 00:08:01.280 So fast forward 27 years, through my growth and work I've done. 00:08:01.330 --> 00:08:05.900 I've done a lot of work around became a certified neuro coach about four 00:08:05.900 --> 00:08:08.850 years ago, four or five years ago. 00:08:08.920 --> 00:08:11.220 I've have an accounting background. 00:08:11.220 --> 00:08:14.070 So I've been, you know, I went back to school for accounting. 00:08:14.713 --> 00:08:18.973 And I've been working with small businesses pretty much my entire career. 00:08:19.363 --> 00:08:22.373 When I brought in the neuro coaching, I was, I started 00:08:22.373 --> 00:08:24.913 seeing all the mindset stuff like 00:08:24.997 --> 00:08:25.597 victoria_1_03-04-2025_135541: Yeah. 00:08:25.773 --> 00:08:26.573 audrey-faust--mba_1_03-04-2025_145541: into play. 00:08:27.143 --> 00:08:29.483 And in my book, she grows rich. 00:08:29.883 --> 00:08:35.893 I talk about like the mindset, how tackling that is the first part of it. 00:08:36.503 --> 00:08:37.413 And. 00:08:37.713 --> 00:08:42.503 We bring all of our mindset from our childhood, and it's kind 00:08:42.503 --> 00:08:46.873 of funny as you, like, realize, like, what you bring forward. 00:08:46.913 --> 00:08:51.613 Not only did I bring the mindset of you should be able to support yourself, 00:08:51.613 --> 00:08:54.013 which is a good thing and shocked me. 00:08:54.558 --> 00:08:58.548 But then there's also things I brought with me, like, um, making 00:08:58.548 --> 00:09:02.018 money is hard that I reprogrammed. 00:09:02.028 --> 00:09:07.978 And, I didn't have this one, but a lot of my clients had a judgment against 00:09:07.978 --> 00:09:14.218 rich people, like greedy, selfish, mean, and all of those different mindset 00:09:14.218 --> 00:09:19.308 things, will affect your wealth and affect how you can grow your wealth. 00:09:19.308 --> 00:09:20.288 victoria_1_03-04-2025_135541: No, I was just going to say, 00:09:20.288 --> 00:09:23.028 I think this is a good segue in terms of just talking about like 00:09:23.028 --> 00:09:26.078 really like what is money mindset? 00:09:26.198 --> 00:09:29.238 Funny as it says, how should the people be thinking about money mindset? 00:09:29.238 --> 00:09:33.008 Because I think often, and I think a lot of people that listen to my 00:09:33.008 --> 00:09:35.918 podcast would say, you know, I'm fine. 00:09:36.248 --> 00:09:37.388 My money is fine. 00:09:37.398 --> 00:09:39.668 Or maybe they would say no money is not fine, right? 00:09:39.928 --> 00:09:42.788 Because we all have different worries along the way. 00:09:43.118 --> 00:09:51.228 The number one thing I hear from people, people, very successful people, very, 00:09:51.568 --> 00:09:56.672 financially settled people is, well I'm working to pay for insurance. 00:09:56.722 --> 00:10:01.522 And as an entrepreneur who has been on her own for eight years now, I'm like, 00:10:01.522 --> 00:10:03.742 listen, that's actually not that hard. 00:10:03.892 --> 00:10:05.612 You need to get past that mindset. 00:10:05.922 --> 00:10:07.732 You don't need to work for the insurance. 00:10:07.772 --> 00:10:10.622 You, my friend can afford the insurance. 00:10:10.882 --> 00:10:14.082 So there's something else going on, but let's talk maybe about mindset 00:10:14.082 --> 00:10:19.562 and how do we understand our mindset and I guess what do we do about it? 00:10:19.753 --> 00:10:21.933 audrey-faust--mba_1_03-04-2025_145541: So you brought up a funny point 00:10:21.973 --> 00:10:25.203 where a lot of people think they don't have any money mindset. 00:10:25.283 --> 00:10:27.383 I can tell you, I hear that all day long. 00:10:27.833 --> 00:10:29.553 My money mindset is fine. 00:10:29.553 --> 00:10:33.863 So I have a few questions that I ask, that dive into your 00:10:33.873 --> 00:10:38.173 subconscious and your conscious money mindset may be completely fine. 00:10:38.913 --> 00:10:42.493 But I have a couple of questions that I ask, they're in my book too, 00:10:42.983 --> 00:10:47.578 and you have to answer them within the first, like, second, like, 2 00:10:47.588 --> 00:10:49.778 seconds, it's like word association. 00:10:50.338 --> 00:10:54.608 I had someone who came to one of my workshops where I asked those questions. 00:10:55.038 --> 00:10:58.938 She came in and she said, oh, my money mindset's good. 00:10:58.938 --> 00:11:00.668 I've been working on it for years. 00:11:01.198 --> 00:11:05.588 And the, if you have a negative answer to those questions, it means you have. 00:11:05.588 --> 00:11:09.368 Something in your subconscious and there's five questions that I asked that day. 00:11:09.368 --> 00:11:10.508 I have more than that, but 00:11:10.652 --> 00:11:10.982 victoria_1_03-04-2025_135541: Okay. 00:11:11.168 --> 00:11:12.268 audrey-faust--mba_1_03-04-2025_145541: there's five in the book 00:11:12.268 --> 00:11:13.228 and I asked those five. 00:11:13.682 --> 00:11:13.872 victoria_1_03-04-2025_135541: So 00:11:13.908 --> 00:11:14.418 audrey-faust--mba_1_03-04-2025_145541: Um, 00:11:14.422 --> 00:11:15.362 victoria_1_03-04-2025_135541: give us the five? 00:11:15.888 --> 00:11:17.728 audrey-faust--mba_1_03-04-2025_145541: I will, I'll give you a couple. 00:11:17.728 --> 00:11:18.738 I'm not going to give you all five, 00:11:18.897 --> 00:11:19.407 victoria_1_03-04-2025_135541: Yeah. 00:11:19.848 --> 00:11:21.758 audrey-faust--mba_1_03-04-2025_145541: But she ended up having a negative 00:11:21.758 --> 00:11:23.428 answer for every single one of them, 00:11:23.522 --> 00:11:24.142 victoria_1_03-04-2025_135541: Wow. 00:11:24.158 --> 00:11:26.438 audrey-faust--mba_1_03-04-2025_145541: she thought that her money mindset 00:11:26.438 --> 00:11:28.448 was good, and she was shocked. 00:11:28.848 --> 00:11:30.608 She was like, are you kidding me? 00:11:30.608 --> 00:11:35.274 And I'm like, yes, because you worked on your mindset at the conscious 00:11:35.274 --> 00:11:37.674 level, not at the subconscious level. 00:11:38.334 --> 00:11:43.594 And our subconscious runs 95 percent of our thoughts every single day. 00:11:43.829 --> 00:11:45.542 and we have 80, 000 of them. 00:11:45.542 --> 00:11:45.782 . victoria_1_03-04-2025_135541: Okay. 00:11:45.782 --> 00:11:46.972 So you're going to put me on the spot, 00:11:47.313 --> 00:11:48.573 audrey-faust--mba_1_03-04-2025_145541: I'm going to put you on the spot. 00:11:48.583 --> 00:11:53.023 Don't worry, because most people have two out of the five questions, I'm 00:11:53.023 --> 00:11:57.313 going to ask you the most popular two, um, that they have negative answers. 00:11:57.363 --> 00:12:01.223 Most people have at least, at least two, 00:12:01.532 --> 00:12:01.912 victoria_1_03-04-2025_135541: Okay. 00:12:01.923 --> 00:12:03.703 audrey-faust--mba_1_03-04-2025_145541: um, that they have negative answers. 00:12:03.713 --> 00:12:08.933 So I'll ask you the first one is making money is. 00:12:09.482 --> 00:12:09.942 victoria_1_03-04-2025_135541: Fun. 00:12:10.573 --> 00:12:11.623 audrey-faust--mba_1_03-04-2025_145541: Okay, good. 00:12:11.703 --> 00:12:14.313 The next one is rich people are. 00:12:16.142 --> 00:12:17.112 victoria_1_03-04-2025_135541: Aspirational. 00:12:17.813 --> 00:12:19.253 audrey-faust--mba_1_03-04-2025_145541: Okay, look at that. 00:12:19.253 --> 00:12:20.323 You got a pretty good one. 00:12:21.117 --> 00:12:23.027 victoria_1_03-04-2025_135541: I would also say, I'm going to couch that and 00:12:23.027 --> 00:12:26.257 say that's a bit of my, maybe more my conscious than my subconscious, because 00:12:26.257 --> 00:12:32.387 I also think there's this aspect of rich people are and arrogant maybe, and, 00:12:32.743 --> 00:12:34.713 audrey-faust--mba_1_03-04-2025_145541: Well, yeah, that's so you 00:12:34.713 --> 00:12:35.993 did think a little bit. 00:12:36.013 --> 00:12:37.323 I did notice that. 00:12:37.753 --> 00:12:40.093 So the trick is not to think. 00:12:40.243 --> 00:12:43.043 And I know I put you on the spot and we're on a podcast. 00:12:43.043 --> 00:12:45.363 So some people don't always like to share their negative 00:12:45.363 --> 00:12:48.383 answers, but we'll go with that. 00:12:48.527 --> 00:12:48.767 victoria_1_03-04-2025_135541: to. 00:12:48.917 --> 00:12:52.417 I would, you know what, it's, I mean, making money, it's fun and it's hard. 00:12:53.253 --> 00:12:53.693 audrey-faust--mba_1_03-04-2025_145541: Yeah. 00:12:53.877 --> 00:12:58.897 victoria_1_03-04-2025_135541: there's hard work that goes into the process, right? 00:12:59.246 --> 00:13:00.766 audrey-faust--mba_1_03-04-2025_145541: So let me explain. 00:13:01.170 --> 00:13:02.510 victoria_1_03-04-2025_135541: right, money doesn't grow on 00:13:02.651 --> 00:13:03.521 audrey-faust--mba_1_03-04-2025_145541: Grow on trees. 00:13:03.571 --> 00:13:03.871 Yeah, 00:13:04.130 --> 00:13:05.380 victoria_1_03-04-2025_135541: looking outside my window right now. 00:13:05.400 --> 00:13:05.940 I see a tree. 00:13:05.940 --> 00:13:07.150 Money's not growing on that tree. 00:13:08.200 --> 00:13:09.220 It'd be nice though. 00:13:09.220 --> 00:13:14.790 Yeah, 00:13:14.851 --> 00:13:16.711 audrey-faust--mba_1_03-04-2025_145541: this is where it comes in like I had 00:13:16.711 --> 00:13:22.101 making money as hard That was one of the ones that I had to reprogram Because I 00:13:22.101 --> 00:13:27.161 can remember back to my childhood and my mom used to always say we work hard for 00:13:27.161 --> 00:13:33.288 our money and My brain interpreted that that you have to work hard for your money 00:13:33.317 --> 00:13:33.877 victoria_1_03-04-2025_135541: yeah, 00:13:34.188 --> 00:13:35.658 audrey-faust--mba_1_03-04-2025_145541: What did that equate to? 00:13:35.748 --> 00:13:36.728 A workaholic. 00:13:36.945 --> 00:13:41.175 That, that's what I turned into, you know, because I wanted a lot of money. 00:13:41.185 --> 00:13:43.955 So I thought the only way to get a lot of money is to work 00:13:43.955 --> 00:13:45.435 harder and harder and harder. 00:13:45.744 --> 00:13:48.844 So that was one of the ones that I needed to. 00:13:49.204 --> 00:13:50.684 Reprogram in my brain. 00:13:51.314 --> 00:13:57.054 So yeah, so and you know, I've seen rich rich people are greedy, rich 00:13:57.054 --> 00:14:00.214 people are mean rich people are selfish. 00:14:00.744 --> 00:14:06.004 And the media does an amazing job of buying into those. 00:14:06.864 --> 00:14:08.754 So we're seeing that, right? 00:14:08.754 --> 00:14:11.224 We're seeing that every single day, 00:14:11.363 --> 00:14:11.753 victoria_1_03-04-2025_135541: yeah. 00:14:11.754 --> 00:14:13.504 audrey-faust--mba_1_03-04-2025_145541: because they're portraying rich 00:14:13.534 --> 00:14:18.934 people in that way, on top of whatever programming we got while we were younger. 00:14:19.168 --> 00:14:19.608 victoria_1_03-04-2025_135541: And I, 00:14:19.624 --> 00:14:19.934 audrey-faust--mba_1_03-04-2025_145541: And, 00:14:20.348 --> 00:14:23.168 victoria_1_03-04-2025_135541: Hearing a speaker a long time ago, talking 00:14:23.168 --> 00:14:25.888 about like how rich is too rich, right? 00:14:25.888 --> 00:14:30.451 We all have like this view of, how much money is a lot of money? 00:14:30.521 --> 00:14:33.411 And the reality is how much money is a lot of money and how much is rich is 00:14:33.411 --> 00:14:37.251 like one notch above where you are today. 00:14:37.471 --> 00:14:38.781 Um, right. 00:14:38.801 --> 00:14:41.271 So I'm not rich, oh, but they're rich. 00:14:41.461 --> 00:14:43.571 It's all relative, I think. 00:14:43.591 --> 00:14:46.741 And to your point, I think the media does do a good job of, of 00:14:46.741 --> 00:14:49.591 feeding into it, at various times. 00:14:49.661 --> 00:14:49.811 Yes. 00:14:49.821 --> 00:14:50.491 And yet. 00:14:50.614 --> 00:14:52.564 Money is the engine of our economy, 00:14:53.500 --> 00:14:53.890 audrey-faust--mba_1_03-04-2025_145541: yes? 00:14:54.064 --> 00:14:56.924 victoria_1_03-04-2025_135541: so we need people that have money to spend. 00:14:56.924 --> 00:14:59.074 In fact, there was an article in the wall street journal. 00:14:59.144 --> 00:15:01.294 I think it was the wall street journal about a week or so ago. 00:15:01.664 --> 00:15:06.014 I'm talking about how the U S economy is really driven by top earners. 00:15:06.014 --> 00:15:11.094 With expendable cash and stuff and it's like, yes. 00:15:11.124 --> 00:15:14.304 And I think to a certain degree that is always true. 00:15:15.004 --> 00:15:19.241 have way more disposable income today than I did 30 years ago. 00:15:19.454 --> 00:15:20.484 audrey-faust--mba_1_03-04-2025_145541: Yeah, of course. 00:15:21.108 --> 00:15:23.388 victoria_1_03-04-2025_135541: As my earning power, as my wealth 00:15:23.388 --> 00:15:26.458 has increased, as whatever, I'd say that's true for most people. 00:15:26.668 --> 00:15:31.368 On the other hand, I, you know, I talked to my friends or my sisters and stuff. 00:15:31.368 --> 00:15:35.348 We're like, man, teenagers today have way more money than we 00:15:35.348 --> 00:15:39.008 ever had and opportunities and wishes to spend their money. 00:15:39.008 --> 00:15:41.218 So it's all, it all becomes relative. 00:15:41.758 --> 00:15:45.202 So how do people shift their mindset? 00:15:45.302 --> 00:15:47.542 Can you reprogram the seven year old you? 00:15:47.678 --> 00:15:52.062 And if not, what do you do to make money and mindset more 00:15:52.062 --> 00:15:54.352 engaging and more positive? 00:15:54.483 --> 00:15:55.323 audrey-faust--mba_1_03-04-2025_145541: Well, you could definitely 00:15:55.333 --> 00:15:57.283 reprogram the seven year old you. 00:15:57.453 --> 00:16:00.103 You can reprogram anything that doesn't serve you. 00:16:00.373 --> 00:16:03.113 That's what I learned in my neurocoaching certification. 00:16:03.133 --> 00:16:08.243 So It takes a little bit of time and a little bit of effort. 00:16:08.243 --> 00:16:08.903 Not a lot. 00:16:08.943 --> 00:16:12.253 I go through it in my book, you can. 00:16:12.286 --> 00:16:18.646 Reprogram anything, first, what you need to do is identify it, which is what we 00:16:18.646 --> 00:16:20.346 were talking about with the questions. 00:16:20.416 --> 00:16:24.016 Identify this story that's going on and on, in your subconscious 00:16:24.056 --> 00:16:25.821 and then you need to identify it. 00:16:25.981 --> 00:16:27.141 Disprove it. 00:16:27.261 --> 00:16:31.981 So for instance, when I mentioned, you know, I making money is hard. 00:16:32.441 --> 00:16:34.821 I had to find evidence of the opposite, 00:16:34.915 --> 00:16:37.575 Which wasn't that hard for me because I had a couple of 00:16:37.595 --> 00:16:40.215 rental properties at the time. 00:16:40.245 --> 00:16:43.975 And I was like, well, that's like the easiest money I ever made, 00:16:44.354 --> 00:16:44.914 victoria_1_03-04-2025_135541: Yeah. 00:16:44.914 --> 00:16:46.504 Yeah. 00:16:47.005 --> 00:16:47.225 audrey-faust--mba_1_03-04-2025_145541: out. 00:16:47.235 --> 00:16:50.085 Like, I'm not doing any work to do that hardly. 00:16:50.475 --> 00:16:51.935 And I'm making money doing it. 00:16:52.025 --> 00:16:55.555 So that's not necessarily true. 00:16:56.235 --> 00:16:57.405 I just disproved it. 00:16:57.465 --> 00:17:00.825 I, I'm not working at all and I'm making money by, by doing that. 00:17:01.235 --> 00:17:06.895 Then you just simply reprogram it by saying making money is easy and you can. 00:17:07.275 --> 00:17:08.445 See it, say it, write it. 00:17:08.475 --> 00:17:12.955 And all the time for seven weeks is what they say. 00:17:12.955 --> 00:17:18.735 My neurocoaching program is, just continually to see it, say it, write it. 00:17:18.775 --> 00:17:21.305 I like to stick it on a little post it note in my, 00:17:21.305 --> 00:17:21.605 victoria_1_03-04-2025_135541: Like 00:17:21.721 --> 00:17:22.511 audrey-faust--mba_1_03-04-2025_145541: computer. 00:17:22.555 --> 00:17:23.295 victoria_1_03-04-2025_135541: affirmations 00:17:23.541 --> 00:17:24.201 audrey-faust--mba_1_03-04-2025_145541: Yes. 00:17:24.361 --> 00:17:25.711 See, it's an affirmation. 00:17:25.721 --> 00:17:26.921 Making money is easy. 00:17:26.921 --> 00:17:28.261 Rich people are generous. 00:17:28.261 --> 00:17:32.421 Rich people are kind, you know, whatever, you know, all of that. 00:17:32.886 --> 00:17:34.356 Reprogramming those. 00:17:34.806 --> 00:17:36.816 And you could do it with anything, not just money. 00:17:36.836 --> 00:17:42.330 Any kind, any belief that you find that's been put in there, you can reprogram it. 00:17:42.330 --> 00:17:46.989 But it does take up time because think about it, however old you 00:17:46.989 --> 00:17:51.589 are, those pathways in your brain, they're called neuropathways. 00:17:51.874 --> 00:17:55.114 You know, it's like the longer you walk on that track, 00:17:55.608 --> 00:17:56.158 victoria_1_03-04-2025_135541: yeah, 00:17:56.464 --> 00:17:58.944 audrey-faust--mba_1_03-04-2025_145541: embedded it gets, so It's going 00:17:58.944 --> 00:18:00.544 to take longer to reprogram it. 00:18:00.868 --> 00:18:03.498 victoria_1_03-04-2025_135541: so I worry sometimes Audrey, so I, you know, I hear 00:18:03.498 --> 00:18:05.268 these things and I think, you know, is. 00:18:05.700 --> 00:18:08.410 The shift from making money that's hard, or money doesn't 00:18:08.410 --> 00:18:09.850 grow on trees, or whatever. 00:18:11.000 --> 00:18:14.230 Quite honestly, I worry that I've ruined my kids at times. 00:18:14.510 --> 00:18:15.080 Um, 00:18:15.201 --> 00:18:15.601 audrey-faust--mba_1_03-04-2025_145541: same 00:18:15.800 --> 00:18:17.850 victoria_1_03-04-2025_135541: because, as we all have. 00:18:18.310 --> 00:18:22.930 But for me it's this aspect of, Money, you know, I think there's this whole 00:18:22.930 --> 00:18:28.350 idea of believing in abundance and having a growth mindset, but that doesn't 00:18:28.350 --> 00:18:31.130 mean it's about everything, right? 00:18:31.140 --> 00:18:38.570 So last summer took our family to France and to Switzerland and had a great right? 00:18:38.580 --> 00:18:39.830 Wonderful vacation. 00:18:40.130 --> 00:18:40.870 Everybody was thrilled. 00:18:40.870 --> 00:18:44.140 My kids were thrilled, and there were a few things along the way like 00:18:44.390 --> 00:18:46.860 this one, you know, we were going out to dinner at the hotel one night 00:18:46.860 --> 00:18:48.430 because that was the closest place. 00:18:48.430 --> 00:18:51.437 I'm like, mom, have you seen the menu prices? 00:18:51.437 --> 00:18:53.047 I'm like, yeah, it's fine. 00:18:53.777 --> 00:19:00.527 in that moment, was fine to pay X amount of money on a dinner. 00:19:00.737 --> 00:19:04.327 But by golly, that is not something I'm going to frequent on a daily basis. 00:19:04.557 --> 00:19:10.460 And so, how to separate the fact that I'm really okay spending money on 00:19:10.460 --> 00:19:16.120 certain things or certain experiences, but in order to have the money to do 00:19:16.120 --> 00:19:18.980 that, I have to conserve elsewhere. 00:19:19.080 --> 00:19:20.750 How do you suggest framing that? 00:19:20.858 --> 00:19:23.948 audrey-faust--mba_1_03-04-2025_145541: so that's more about creating a plan 00:19:24.068 --> 00:19:29.858 or a blueprint as I call it in my book and really Deciding ahead of 00:19:29.858 --> 00:19:31.958 time how you want to spend your money, 00:19:32.086 --> 00:19:36.098 if you have a plan for your money then it all makes sense. 00:19:36.168 --> 00:19:41.055 It's when you don't have a plan that it gets a little wild. 00:19:41.095 --> 00:19:46.105 And I use debt to, to leverage my wealth and grow my wealth. 00:19:46.145 --> 00:19:47.715 I'm not a debt free person. 00:19:47.715 --> 00:19:48.125 I don't. 00:19:48.125 --> 00:19:50.435 I don't believe in the debt free model. 00:19:50.445 --> 00:19:54.145 I don't think, you know, paying 20 percent interest on a credit card 00:19:54.145 --> 00:19:59.275 makes sense, but I have what in my book what's called the 7 percent rule. 00:19:59.595 --> 00:20:04.035 If the interest rate is under 7%, you're better off investing 00:20:04.225 --> 00:20:08.350 Versus if it's under 7 percent or if it's over 7%, maybe you pay less. 00:20:08.690 --> 00:20:09.740 Pay it off sooner. 00:20:09.750 --> 00:20:13.170 And that's a flexible number to a point, right? 00:20:13.470 --> 00:20:16.100 It depends on your mindset and your values. 00:20:16.150 --> 00:20:18.360 But going back to what you said. 00:20:18.410 --> 00:20:24.830 You create the, a plan for your money and I may, you may like to go on 00:20:24.860 --> 00:20:31.390 trips and travel to Europe and that may be your thing and maybe I like 00:20:31.480 --> 00:20:36.140 to, go to get my nails done or go to concerts or go things like that. 00:20:36.140 --> 00:20:39.430 Choosing how we spend our money. 00:20:39.705 --> 00:20:44.905 Through a plan is what's most beneficial rather than just say, well, I'm 00:20:44.905 --> 00:20:46.705 going to do this and this and that. 00:20:46.715 --> 00:20:52.365 And then before you know it, you've spent more than you have coming in and then 00:20:52.365 --> 00:20:54.795 you end up in a difficult situation. 00:20:54.839 --> 00:20:55.689 victoria_1_03-04-2025_135541: I think that makes sense. 00:20:55.689 --> 00:20:57.179 And I think this whole aspect of 00:20:57.325 --> 00:20:57.595 audrey-faust--mba_1_03-04-2025_145541: Yeah, 00:20:57.669 --> 00:20:58.159 victoria_1_03-04-2025_135541: a choice. 00:20:58.159 --> 00:21:00.769 I think it's interesting that you don't talk about it as a 00:21:00.929 --> 00:21:02.759 budget, but as a blueprint. 00:21:03.275 --> 00:21:04.485 audrey-faust--mba_1_03-04-2025_145541: I hate the word budget, 00:21:04.769 --> 00:21:05.569 victoria_1_03-04-2025_135541: to me about that. 00:21:05.789 --> 00:21:08.839 I hate budgets too, by the way, but I'm, I'm willing to hear 00:21:08.955 --> 00:21:10.645 audrey-faust--mba_1_03-04-2025_145541: but he hates the word budget. 00:21:10.785 --> 00:21:11.145 Yes. 00:21:11.155 --> 00:21:15.445 So a, including me, everybody hates the word budget because 00:21:15.475 --> 00:21:17.495 budget a sounds constrictive. 00:21:17.795 --> 00:21:22.235 And I remember the first time I created myself a little budget. 00:21:22.302 --> 00:21:26.402 I was actually in the negative and I was like, I crumbled the, and that was 00:21:26.402 --> 00:21:30.902 before anything fun, and I literally like crumbled it up and then threw it 00:21:30.902 --> 00:21:32.462 out and said, I'm never doing this again. 00:21:33.812 --> 00:21:39.252 So that was, you know, in my early life and, we were struggling to make ends meet, 00:21:39.322 --> 00:21:43.392 and we all go through those times and yes, sometimes you need to use a credit 00:21:43.392 --> 00:21:47.815 card to get through those times, I just have an aversion to the word budget. 00:21:47.815 --> 00:21:51.745 So I like to call it a plan because a budget is telling you like, 00:21:51.795 --> 00:21:54.185 not, well, you can't spend money. 00:21:54.185 --> 00:21:55.215 You gotta like, 00:21:55.309 --> 00:21:56.539 victoria_1_03-04-2025_135541: what you can't do is what 00:21:56.555 --> 00:21:57.095 audrey-faust--mba_1_03-04-2025_145541: yes. 00:21:57.179 --> 00:21:57.739 victoria_1_03-04-2025_135541: feels like. 00:21:57.739 --> 00:21:57.989 Right. 00:21:58.019 --> 00:21:58.299 Yeah. 00:21:58.885 --> 00:22:01.155 audrey-faust--mba_1_03-04-2025_145541: And a plan is like, okay, or a 00:22:01.155 --> 00:22:05.195 blueprint is, okay, I'm deciding where I want to spend my money. 00:22:05.299 --> 00:22:08.009 It's just a whole different, like, vibe. 00:22:09.153 --> 00:22:12.163 victoria_1_03-04-2025_135541: and it, yeah, yeah, okay, I like 00:22:12.163 --> 00:22:13.303 that because, okay, thank you. 00:22:13.303 --> 00:22:15.703 I'm going to, I'm no longer going to have a budget, I'm 00:22:15.703 --> 00:22:16.943 just going to have blueprints. 00:22:17.013 --> 00:22:23.573 how do you see this whole idea of mindset applying to business? 00:22:23.573 --> 00:22:23.823 Right? 00:22:23.833 --> 00:22:27.193 So I think a lot of this, what we're talking about, my money mindset 00:22:27.193 --> 00:22:29.873 is my personal money mindset. 00:22:29.873 --> 00:22:31.973 And yet it affects businesses. 00:22:31.983 --> 00:22:35.033 And I know you work with a lot of small, in midsize businesses. 00:22:35.393 --> 00:22:36.893 How do you see that? 00:22:37.009 --> 00:22:39.599 Going from being personal to being business. 00:22:39.741 --> 00:22:41.621 audrey-faust--mba_1_03-04-2025_145541: Well, I always like to say how you do 00:22:41.621 --> 00:22:43.171 one thing is how you do everything. 00:22:43.291 --> 00:22:45.721 Like, we're just creatures of habit, right? 00:22:45.741 --> 00:22:50.974 So, in most cases, I can't say it's for everybody, but what I've seen is 00:22:51.284 --> 00:22:58.263 if we're, you know, more conservative on Our personal finances, we're more 00:22:58.263 --> 00:23:00.569 conservative on our business finances. 00:23:00.653 --> 00:23:01.743 Is that good or bad? 00:23:02.163 --> 00:23:02.953 You don't know. 00:23:02.973 --> 00:23:07.293 If you're more conservative, sometimes you might take less risk in your 00:23:07.293 --> 00:23:10.033 business that could then pay off, right? 00:23:10.422 --> 00:23:10.752 victoria_1_03-04-2025_135541: Right? 00:23:10.873 --> 00:23:14.723 audrey-faust--mba_1_03-04-2025_145541: So, like, you just, I think, have to be aware. 00:23:14.723 --> 00:23:16.063 And I talk about that in my book. 00:23:16.113 --> 00:23:21.873 I apply the different DISC personalities to, how you are in, with money. 00:23:22.193 --> 00:23:25.013 And, like I said, how you are with one thing, it proves to 00:23:25.023 --> 00:23:26.223 be how you are with money. 00:23:26.223 --> 00:23:31.439 So, if you're more conservative on, the leadership style or, or 00:23:31.439 --> 00:23:33.759 whatever, you're going to be more conservative with your money. 00:23:33.759 --> 00:23:38.849 But if you're like the fun leader and you're inspirational leader 00:23:38.879 --> 00:23:43.564 and, you know, You're probably gonna be less conservative with money 00:23:43.564 --> 00:23:45.414 and more worried about having fun. 00:23:45.435 --> 00:23:48.831 So, I mean, it all goes across like all businesses. 00:23:49.071 --> 00:23:52.101 Business and personal, like it's all the same. 00:23:52.671 --> 00:23:59.891 And I think becoming aware of who you are and how you look at things is probably 00:23:59.891 --> 00:24:01.661 one of the most important things. 00:24:01.661 --> 00:24:07.794 So you can say, well, is this me being too conservative and maybe I should, get 00:24:07.864 --> 00:24:13.804 advice on taking this business risk or not, or vice versa, is that me, this 00:24:13.804 --> 00:24:16.094 being fun and putting money everywhere. 00:24:16.524 --> 00:24:19.664 Maybe I should take a step back and be a little more conservative. 00:24:20.234 --> 00:24:25.384 And so knowing who you are and and how you are with things is very 00:24:25.384 --> 00:24:29.474 important and it just goes across whether it's personal or business. 00:24:29.491 --> 00:24:30.751 victoria_1_03-04-2025_135541: A couple of final questions. 00:24:30.751 --> 00:24:34.151 One is just around, taking control of your financial future, which is, 00:24:34.461 --> 00:24:37.971 you know, which kind of ties into money mindset, but also other things. 00:24:37.971 --> 00:24:38.151 Right. 00:24:38.151 --> 00:24:38.551 And I think. 00:24:38.771 --> 00:24:43.608 But often, as an entrepreneur, you know that your future is in your own hands. 00:24:43.658 --> 00:24:46.808 I mean, you have to do things to make that future happen 00:24:47.158 --> 00:24:48.838 in, the land of the corporate. 00:24:48.938 --> 00:24:52.168 We often assume that we've got financial security through our 00:24:52.168 --> 00:24:57.004 companies, and yet we also see that there are a number of layoffs coming. 00:24:57.005 --> 00:25:00.545 There are companies that are being bought and sold that are shifting, 00:25:00.595 --> 00:25:04.475 people's Livelihood potentially, yeah, maybe they're continuing to be 00:25:04.475 --> 00:25:08.115 employed, maybe they're by a different company, maybe no longer employed 00:25:08.115 --> 00:25:09.195 and need to find something new. 00:25:09.378 --> 00:25:14.128 and I think there's this hypothesis that, you know, hey, I've got this 00:25:14.128 --> 00:25:16.958 steady paycheck and it's going to continue to be this steady paycheck. 00:25:17.388 --> 00:25:18.658 And then one day it's not. 00:25:19.698 --> 00:25:20.548 We can plan ahead. 00:25:20.558 --> 00:25:24.488 So what should people be doing personally really to take control 00:25:24.488 --> 00:25:25.708 of their financial future? 00:25:25.843 --> 00:25:27.493 audrey-faust--mba_1_03-04-2025_145541: Either saving or, there 00:25:27.493 --> 00:25:28.783 are other ways too. 00:25:28.833 --> 00:25:32.783 There are two vehicles I like for an emergency fund and it's not 00:25:32.783 --> 00:25:36.093 necessarily how most other people do it. 00:25:36.271 --> 00:25:43.865 So I have two unique, ways that I always used as my, you know, quote 00:25:43.865 --> 00:25:46.485 unquote, nest egg or savings. 00:25:46.585 --> 00:25:51.005 So I always have a home equity line of credit. 00:25:51.475 --> 00:25:54.675 And the best time to get that is when you don't need it. 00:25:55.189 --> 00:25:56.189 victoria_1_03-04-2025_135541: Absolutely. 00:25:57.065 --> 00:25:58.855 audrey-faust--mba_1_03-04-2025_145541: The best time to get any money from 00:25:58.885 --> 00:26:00.815 any bank is when you don't need it. 00:26:01.269 --> 00:26:01.659 victoria_1_03-04-2025_135541: Yeah. 00:26:01.725 --> 00:26:03.865 audrey-faust--mba_1_03-04-2025_145541: have a line of credit that works, you 00:26:03.865 --> 00:26:07.570 know, just like a credit card where you can draw on it when you need it. 00:26:07.661 --> 00:26:11.861 so having, that's actually how I paid for, for a lot of my kids college is 00:26:11.861 --> 00:26:13.631 using a home equity line of credit. 00:26:14.307 --> 00:26:17.267 your home is constantly increasing in value. 00:26:17.461 --> 00:26:17.851 victoria_1_03-04-2025_135541: Yeah. 00:26:18.319 --> 00:26:20.249 audrey-faust--mba_1_03-04-2025_145541: 98 percent of the time, of course, we 00:26:20.249 --> 00:26:24.609 had, you know, 1 or 2 years where that wasn't the case, but, 98 percent of the 00:26:24.609 --> 00:26:26.809 time your house is increasing in value. 00:26:26.819 --> 00:26:31.359 So, having that home equity line of credit is letting you tap 00:26:31.359 --> 00:26:32.899 into that value of your home. 00:26:33.448 --> 00:26:33.708 victoria_1_03-04-2025_135541: Hmm. 00:26:33.839 --> 00:26:35.469 audrey-faust--mba_1_03-04-2025_145541: And if you don't need it, you're 00:26:35.469 --> 00:26:36.889 not paying any interest on it. 00:26:36.969 --> 00:26:37.859 You're not using it. 00:26:38.238 --> 00:26:38.618 victoria_1_03-04-2025_135541: Right. 00:26:39.189 --> 00:26:42.409 audrey-faust--mba_1_03-04-2025_145541: The other vehicle is a Roth IRA. 00:26:42.872 --> 00:26:45.232 So that grows. 00:26:45.429 --> 00:26:50.979 tax free, and you could always take out the principal, which is, you 00:26:50.979 --> 00:26:55.779 know, the money you put in out of a Roth IRA, tax and penalty free. 00:26:56.238 --> 00:26:56.578 victoria_1_03-04-2025_135541: Yeah. 00:26:57.209 --> 00:26:59.509 audrey-faust--mba_1_03-04-2025_145541: So, and it grows tax free, so 00:26:59.509 --> 00:27:04.879 you're not paying any tax on the interest in the growth, and it's 00:27:04.889 --> 00:27:07.169 there in case of an emergency. 00:27:07.508 --> 00:27:07.918 victoria_1_03-04-2025_135541: Yeah. 00:27:08.069 --> 00:27:09.109 audrey-faust--mba_1_03-04-2025_145541: I know there's income 00:27:09.109 --> 00:27:10.689 limits on the Roth IRA. 00:27:11.313 --> 00:27:13.953 victoria_1_03-04-2025_135541: Well, what I was going to say is, and this becomes the 00:27:13.953 --> 00:27:16.263 subject of a completely different podcast. 00:27:16.263 --> 00:27:18.443 In fact, there's probably podcasts out there, but you know, the 00:27:18.443 --> 00:27:20.373 whole backdoor Roth conversion 00:27:20.714 --> 00:27:21.024 audrey-faust--mba_1_03-04-2025_145541: yes, 00:27:21.063 --> 00:27:21.893 victoria_1_03-04-2025_135541: huge 00:27:22.084 --> 00:27:22.924 audrey-faust--mba_1_03-04-2025_145541: what I was gonna say. 00:27:22.924 --> 00:27:28.234 There is a back, you can put it in a non traditional IRA and then 00:27:28.324 --> 00:27:32.624 roll it into a Roth IRA, which is called a backdoor Roth IRA. 00:27:32.774 --> 00:27:35.704 So, which they might as well just eliminate the Roth IRA. 00:27:36.094 --> 00:27:38.984 Like, and 00:27:39.103 --> 00:27:39.483 victoria_1_03-04-2025_135541: Right. 00:27:39.554 --> 00:27:40.264 audrey-faust--mba_1_03-04-2025_145541: be done with it. 00:27:40.501 --> 00:27:44.546 victoria_1_03-04-2025_135541: gets back to, um, Congress and, you 00:27:44.546 --> 00:27:47.641 know, Constituent's money mindset 00:27:47.952 --> 00:27:48.362 audrey-faust--mba_1_03-04-2025_145541: right. 00:27:48.921 --> 00:27:51.251 victoria_1_03-04-2025_135541: rich people and what constitutes rich and 00:27:51.321 --> 00:27:53.341 where the benefits should go, etc. 00:27:53.341 --> 00:27:53.811 So that's 00:27:53.842 --> 00:27:54.392 audrey-faust--mba_1_03-04-2025_145541: Exactly. 00:27:54.412 --> 00:27:56.562 You make a great point there Victoria. 00:27:56.602 --> 00:27:57.112 It is. 00:27:57.216 --> 00:27:58.236 victoria_1_03-04-2025_135541: ah, see, I learn 00:28:01.166 --> 00:28:01.736 I learn. 00:28:02.006 --> 00:28:04.316 So this has been really fun, Audrey. 00:28:04.316 --> 00:28:06.026 I'm really glad that we've gotten to do this. 00:28:06.056 --> 00:28:09.856 Um, and, just learn more about what you're doing. 00:28:10.426 --> 00:28:15.526 Uh, where can our audience learn more about you or connect with 00:28:15.526 --> 00:28:19.006 you if they want to and learn more about, um, she grows Rich, 00:28:19.592 --> 00:28:19.972 audrey-faust--mba_1_03-04-2025_145541: Sure. 00:28:20.332 --> 00:28:21.672 Well, she grows rich. 00:28:21.752 --> 00:28:25.272 I had to become a financial powerhouse is available on Amazon. 00:28:25.972 --> 00:28:29.542 You can get the digital copy right now for just 99 cents. 00:28:29.592 --> 00:28:30.372 It's on sale. 00:28:30.422 --> 00:28:31.772 And you can get that. 00:28:32.282 --> 00:28:34.522 Just search she grows rich Audrey 00:28:34.791 --> 00:28:35.071 victoria_1_03-04-2025_135541: Okay, 00:28:35.092 --> 00:28:35.332 audrey-faust--mba_1_03-04-2025_145541: Faust. 00:28:35.332 --> 00:28:36.382 It'll come right up for you. 00:28:36.461 --> 00:28:37.231 victoria_1_03-04-2025_135541: include a link for 00:28:37.242 --> 00:28:38.152 audrey-faust--mba_1_03-04-2025_145541: Oh, perfect 00:28:38.221 --> 00:28:39.481 victoria_1_03-04-2025_135541: well, just to make life easy. 00:28:39.501 --> 00:28:40.391 Yeah, exactly. 00:28:40.802 --> 00:28:42.242 audrey-faust--mba_1_03-04-2025_145541: and then You can find me 00:28:42.242 --> 00:28:43.902 at Audrey Faust consulting. 00:28:44.252 --> 00:28:50.772 com and I have some free resources on there There's also if you buy the book 00:28:50.802 --> 00:28:56.497 you can find my book portal on there Which has some additional free resources in it. 00:28:57.087 --> 00:29:02.937 So including a money mindset training and some fun calculators when you're 00:29:02.957 --> 00:29:07.597 when you're calculating different things like your net worth that I talk about in 00:29:07.597 --> 00:29:10.167 the book as well as the 7 percent rule. 00:29:10.167 --> 00:29:12.647 There's a 7 percent rule calculator in there. 00:29:12.881 --> 00:29:16.131 that lets you compare investing versus paying off debt. 00:29:16.711 --> 00:29:18.241 There's all kinds of fun stuff in there. 00:29:18.735 --> 00:29:19.175 victoria_1_03-04-2025_135541: Awesome. 00:29:19.315 --> 00:29:20.275 Well, this has been great. 00:29:20.365 --> 00:29:22.575 Audrey, you so much for joining me. 00:29:22.575 --> 00:29:24.205 I really appreciate your time today. 00:29:24.205 --> 00:29:26.835 Absolutely. 00:29:27.915 --> 00:29:29.445 And thanks everyone for listening. 00:29:29.455 --> 00:29:30.315 Keep listening. 00:29:30.325 --> 00:29:30.925 Keep following. 00:29:30.925 --> 00:29:31.645 Keep sharing. 00:29:31.665 --> 00:29:33.745 And we will talk with you again soon. 00:29:34.198 --> 00:29:36.418 Thanks for joining us today on The Chemical Show. 00:29:36.748 --> 00:29:41.248 If you enjoyed this episode, be sure to subscribe, leave a review, 00:29:41.488 --> 00:29:44.878 and most importantly, share it with your friends and colleagues. 00:29:45.868 --> 00:29:49.198 For more insights, visit the Chemical show.com 00:29:49.678 --> 00:29:51.163 and connect with us on LinkedIn. 00:29:51.928 --> 00:29:55.888 You can find me at Victoria King Meyer on LinkedIn, and you can also 00:29:55.888 --> 00:29:58.048 find us at The Chemical Show Podcast. 00:29:58.228 --> 00:30:01.408 Join us next time for more conversations and strategies 00:30:01.708 --> 00:30:03.478 shaping the future of the industry. 00:30:03.868 --> 00:30:04.588 We'll see you soon.