Rewriting Your Money Story After a Major Life Shift with Aurora Culpo

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Money Rehab with Nicole Lapin 25 min 2 speakers 6 chapters transcribed
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What are the key transitions that impact financial mindset?

Nicole Lappin 1:00
We talk about how these life events changed her financial picture, but even more importantly, how she changed her mindset to get through some of those harder times. And she has some great advice for anyone who's struggling to adapt to one of those big life changes. There she is. Aurora Coppola, welcome to Money Rehab. Thank you so much. How did you know that I needed this? Everybody needs this. Have you needed Money Rehab in your life?
Aurora Culpo 1:26
I don't think I've needed like rehab. I think I've played it safe, which is nice because I feel like I've never been in like dangerous debt, but I've also never really known what to do. I feel like my financial situation has gone from like the powers of my father to the powers of my ex-husband. And now I'm a year divorced. So now I'm like, well, I guess nobody's coming to save me. I should have a plan. What's my plan?
Nicole Lappin 1:49
Yeah.
Aurora Culpo 1:49
Now the powers are with you. Yeah. Which is exciting. It's exciting. I play it safe. I don't overspend, but I also don't invest. So I start investing. I probably should. Right.
Nicole Lappin 2:01
If I ever want to get rich, it's nice to make your money work for you because you work really hard for your money.
Aurora Culpo 2:08
Yes. I guess I don't fully believe that that's possible. Why not? I don't know. I feel like it's always a risk to do something with your money. And I guess I'm afraid because I don't feel like I know enough about how to do it right.
Nicole Lappin 2:22
Well, you're in the right place. Okay. And that's why I'm here. There are some ways to invest that are principle protected, which is very cool. So it means you won't lose money. Like if you invest in bonds or CDs, then you get a return, but you also get your original investment back.
Aurora Culpo 2:41
Yeah. I don't know why I don't do that. Let's do it. Yeah. Today's the day. Today's the day. I thought you were going to be like, invest in crypto.
Nicole Lappin 2:48
No.
Aurora Culpo 2:49
Absolutely not. There's one of the sweatshirts there that says, told you so, crypto bro. Oh my God. I need to wear that. We're going to get when I see my ex-husband tomorrow and be like, told you so, crypto bro. Is he a crypto guy? He's definitely one of those Feels like he's on the leading edge of something, but it really scares me. But it always ends up working out okay for him.

How do life changes affect financial decisions?

Aurora Culpo 3:09
I don't know what happened with his crypto stuff. That's the other thing, like when you go through a divorce with the finances. The crypto is just, you can't really do much for it. I don't even think a court can order somebody to show their crypto.
Nicole Lappin 3:22
Oh, really?
Aurora Culpo 3:23
So when you were going through it, what did... I just didn't ask and we didn't touch it. And that was it. That was that. So you didn't get any of it? No, I didn't get any cryptos. But do I want them? I don't think that they're there anymore anyway. Some kinds of crypto, maybe. Maybe. Do you know what kind? Bitcoin? It was Bitcoin and Ethereum. Yeah, you might want some. Yeah, maybe. I don't know. That's done with. He can have his fake money.
Nicole Lappin 3:46
Yeah, that's right. So I've been binging your podcast. Oh, we are loving it around here. Barely filtered. You talk really openly and honestly about your divorce and this transition time in your life. So what was that like? You started the podcast in 2023. Yeah. So it's been a year and a half. Yeah. And so how has that transition been?

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