Catt Sadler and Law Mother: Saving Your Wealth and Health During Divorce
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How do fees affect financial progress?
You have probably heard me call myself the fee police because I hate, hate, hate fees. It makes it really hard to stay on budget, which then can delay our financial progress. When we're trying to make progress, life's curve balls often feel like taking one step forward and two steps back. A time checking account makes financial progress easier with features like no maintenance fees and fee free overdraft up to 200 bucks or getting paid up to two days early with direct deposit. Learn more at Chime.com slash MNN. When you go to Chime.com slash MNN, you'll see all the reasons I love Chime. Like, did you hear me say that Chime allows you to overdraft up to $200 with no fees? Chime also has no monthly fees or maintenance fees. And Chime has over 50,000 fee-free ATMs. So as the fee police myself, I approve. Make progress toward a better financial future with Chime. Open your account in just two minutes at Chime.com slash MNN. That's Chime.com slash MNN as in Money News Network. Chime feels like progress. It's me talking about public again, obviously. Are you surprised?
It is my favorite brokerage after all. By now you know Public is the only place I personally buy bonds. If you haven't heard my spiel, in the olden days, I would buy treasuries through the government website and it would always take forever. And also the branding was horrible. It kind of looked like the Toys R Us website back in the day. But with Public, it's simple and easy to invest in treasuries right from your phone. There are literally thousands of bonds to choose from on public, not just government bonds, corporate bonds too. You can use public for more than just your bond investments, of course. On public, you can invest in stocks, ETFs, options, crypto, and they even have a high yield cash account where you can earn 4.1% APY on your cash.
And there's an exciting new offering on public that I cannot wait to tell you about. Now you can invest toward your future self through retirement accounts. On public, you can open a traditional IRA or a Roth IRA or both. I mean, why not? If you're looking for a simple yet sophisticated investing experience, head over to public.com slash money rehab. One more time because trust you will thank me later. Public.com slash money rehab. This is a paid endorsement for public investing. Full disclosures and conditions can be found in the podcast description. I'm Nicole Lappin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab.
How to protect your wealth during a divorce?
Hi, money rehabbers. It's Pamela Moss Garrett, a.k.a. Law Mother. I'm a lawyer specializing in growing and protecting your wealth. And this week, I'm filling in for Nicole while she's out on maternity leave. In this episode, I'm talking about a seven-letter word that's hard to say out loud, divorce. If you've been through a divorce, you know there's no sugarcoating it. It's tough emotionally, legally, and yep, financially. And if you haven't been through a divorce, statistically speaking, there's a solid chance you know someone who's going through one right now. I personally went through a divorce in my early 20s before I became a lawyer. And I made a few mistakes now reflecting back on as a lawyer that I wish I would have known.
And I'm going to share those with you in a moment. Today, I'm remarried with two kids, and I feel like the lessons I learned through my divorce have made me an even better person and partner. Today, we're tackling divorce in two parts. First, I'm going to give you strategies around how to protect your money when splitting with your partner. Next, you're going to hear a conversation between myself and Kat Sadler about protecting your mental health during a divorce. Because in cases of divorce, it's all about protecting your health and wealth. So let's start with the financial side of things. Divorce is a business deal, meaning when you go through it, it's best to approach it with a rational, calculated mindset, like negotiating a business transaction. Yes, it's also emotional, but the legal process, it's about untangling assets and liabilities. And if you go into it only thinking with your heart, you might get financially wrecked. So let's talk strategy.
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Chapters
6 chapters
1
How do fees affect financial progress?
0:00–2:45
2
How to protect your wealth during a divorce?
2:45–4:25
3
What are common financial mistakes during divorce?
4:25–8:08
4
How can emotional health be maintained during divorce?
8:08–10:25
5
What lessons can be learned from Catt Sadler's divorce story?
10:25–17:22
6
How to achieve amicable co-parenting?
17:22–54:12
Speakers
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