How might your approach to budgeting change if you started by prioritizing your goals, instead of thinking about the things you can’t have? In this episode, John and David Auten-Schneider (who you might know as The Debt Free Guys) explain how you can build a budget that works for your lifestyle, whether you’re doing it on your own or budgeting with a partner. John and David also talk about the biggest financial issues facing LGBTQ Americans, the importance of a prenup, 3 things to focus on when planning your financial future, and much more!
Today we’re talking with The Debt Free Guys, John and David Auten-Schneider (1:10)
Finding the best city for LGBTQ people in each state (2:19)
John and David’s journey to becoming The Debt Free Guys (11:02)
Debt affects so many more people than we often realize (13:47)
What did your tradition from your financial services jobs look like? (17:25)
Once your financial life is in order, focus on these 3 things (24:08)
What are the biggest financial issues facing LGBTQ people today? (29:26)
Marriage is a partnership, and prenups help you have important conversations (35:04)
Quotes: “With the now 430-some plus anti-LGBTQ+ bills on the floors of state legislatures across the country, according to the ACLU, and Supreme Court Justices saying they specifically want to target marriage equality, a lot of same-sex couples specifically in the community are kind of feeling like we’re going back to 2014 or even earlier again, where we had to do this sort of patchwork of legal maneuvering to protect our assets and to protect the person we live with and love.” - John
“Money is not a ruler, it’s a tool. And it’s not a ruler to be used to judge yourself against anyone else. There are amazing, beautiful, wonderful people in this world who make 40 or 50 thousand dollars a year. That doesn’t make them any less than the person that’s making 4,5,6 hundred thousand dollars a year. Does the outward appearance of their life look different? Absolutely. But there are plenty of ways to enjoy and have an abundant and happy life on a lower amount of money." - David
Creators & Guests
Kimberlee Davis is founder of the Fiscal Feminist and a Partner and Managing Director in The Bahnsen Group, a wealth management practice with offices in Newport Beach, California and New York City. She is also a Certified Divorce Financial Analyst.
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What is The Fiscal Feminist?
Kimberlee Davis is your host of The Fiscal Feminist, a show about women and our relationship with money and finances. Kimberlee Davis is Managing Director and Partner at The Bahnsen Group, a private wealth management firm. She specializes in personal wealth advising and oversees financial and retirement planning solutions for high net worth individuals and multi-generational families. Her proficiency also includes helping individuals transition to financial independence after life altering events such as death or divorce.