Croissant chupa chups dragée donut apple pie.
A podcast where you join me (Penny!) as I chat to fellow creatives over a cocktail.
Caramels cookie marzipan chocolate danish soufflé powder oat cake pie. Candy icing lemon drops danish halvah macaroon jelly beans sweet.
Babita Trivedi is a certified financial planner with a passion for educating and empowering women in their financial lives. She helps her clients understand where they are financially, define where they want to be in the future, and give them strategies and tools to achieve those goals so they can feel less stress and be more confident in their future.
She’s a mom of 2 (5 and 11 year old) who went through a huge career transition after having her first kid.
In this episode we dive into her journey of going back to school and switching careers to everything you need to know to start planning for your financial future as a mom with young kids.
Financial planning is way more than just excel projections, pie graphs and investment portfolios, it’s about imagining the life you want to have when you retire.
One of my favorite things she said to me offline was “I never knew my job would be mainly about helping people figure out what they want.” And that is so true!
Subscribe, review and tune in weekly because you know you’ve yelled “Mommy’s on a Call” at least once in the last week!!!
[00:00:00] Stephanie: How many of you are in charge of your own financial planning? I find that many women, especially moms and millennials, haven’t put a lot of time and effort into figuring out their financial plan for the. I think when it comes to financial planning, we tend to just put it on the back burner because it’s something in the future and we push it out because we have more pressing matters, like student loan, debt, new babies, or saving for that home or paying the mortgage.
But financial planning deep down is also forcing you to really think about what you want your future to look like. And oftentimes we don’t know what we want. So it’s really hard to commit and sit down and make a plan. This is such a parallel to, to what I talk about in motherhood and business. If you don’t know where you want to go, what your end goal is, your end destination, you cannot make a plan and you end up getting stuck in the hamster wheel of going just day-to-day or getting lost in shiny object land, which is why today’s episode.
I’m super excited to bring to you. Today I’m interviewing the beat Ted Trivedi. She’s a certified financial planner with a passion for educating and empowering women and their financial lives. She’s also a mom of two who went through a huge career transition after having her first kid. In this episode, we dive into her journey of going back to school and switching careers to everything you need to know to start planning for your financial future as a mom.
One of my favorite things she said to me offline was I never knew my job would be mainly helping people figure out what they want and that couldn’t be any more true. Financial planning is way more than just Excel, projections, pie, graphs, and investment portfolios. It’s about imagining the life you want to have when you retire.
On a side note. I have to read this full disclosure before we start the episode since Babita is a CFP and represents light house financial networks. So bear with me. Lighthouse financial network is located at 5 7 5 broad hollow road, Melville, New York 1 1 7 4 7. And there. 6 3 1 4 6 5 9 0 9 0 securities and investment advisory services offered through Royal Alliance associates, Inc.
Member F I N R a dash S I P C Royal Alliance associates Inc is separately owned and other entities and or marketing names, products or services referenced here are independent of Royal Alliance associates, Inc. What we talk about today are things to think about and ideas to have, but please speak with your own personal financial advisor or planner before making any financial and investment decisions now onto the show.
Hello, and welcome back to mommy’s on a call today. I’m excited to bring to you, but Bita, Trivedi. Certified financial planner with a passion for educating and empowering women in their financial lives. She helps her clients understand where they are financially define where they want to be in the future and give them the strategies and tools to achieve those goals.
So they can feel less stress and be more confident in their future. And I’m really excited that she’s here today because we’re about to dive into some tips and tools that we as moms can help use to better our own financial future. So welcome.
[00:03:56] Babita: Thank you, Stephanie.
[00:03:59] Stephanie: Very excited. And I need to have you, I wanted to start by asking you though, what is your biggest mom win of the week?
On that note. Give me a little bit about your family structure. How many kids do you have ages? What are the roles that you and your partner play in the family? Yes.
[00:04:25] Babita: Husband is working from home. So yes. Well, New York city space with all of us in one space right now. It’s been interesting. I have two boys in 11 year old.
[00:04:37] Stephanie: are they in school currently? Are they out of the house? Are you able to have a little peace and quiet now? Full
[00:04:43] Babita: time ass in school for now. So you have another month and a half for that, but yeah, they’ll be back for this, but yeah, been pretty lucky. You’re out.
[00:04:56] Stephanie: Well, you have a pretty busy career and a busy job being a financial planner and especially, and I think this time, a lot of people are looking to how to set themselves up for success and especially coming out of the pandemic and everything.
I wanted to talk a little bit about though, how you got to where you are today, because I know you weren’t always in the financial realm, so let’s talk a little bit about your journey and how you, you have a five and your 11 year old. Like how did you get to being in this position? So after
[00:05:27] Babita: I was in media buying for eight, nine years a board there as it was, but more importantly, I got married right after college.
And it was interesting kind of making those adult decisions, especially the financial ones that no one ever teaches about. Like how do you finish high school or college without knowing how to do any of this bought our first place during the housing bubble, feeling confused, started thinking about having a plant family and same thing, very confused and type thing and warm to.
Things about how I’m doing. I decided to go take some French, snow Richmond classes about financial planning and love instead of to turn it into a new
[00:06:05] Stephanie: career. Wow. And so media buying is such a different, different thing. I’ve had friends who did that, like, what was, this was pre mom life, right? Where you were doing media buying.
Did you continue doing it when you had your kids? Yeah. So it
[00:06:19] Babita: was a tail end of a switch. I was taking classes and financial planning, eight of my final one during maternity leave with my first son, went back to work at nearby Constable it’s hard to leave something that steady and easy, but I also kind of took the career change on the back burner for a while.
My son turns one and a half started having some issues and it was like, To move ahead and quit. My job stayed home with him for a while. So it was a lot of nerve wracking decisions in there. Switching the single from accidental state as a mom, as I joke about it, it just wasn’t really planning on it, but I did finish my CFP and that time I got my master’s in financial planning during that time.
So it was home for about three weeks. And sort of tried for a second. It didn’t work out.
So I go and start my practice and my first one starts. Okay. And someone’s there. I got my second one and a joke about him working on this plant’s gene. So took a breather of that first year. The second year was sort of slow for work and then right back up until it’s the best part working for ourselves, right.
[00:07:34] Stephanie: is. So I actually want to step back a bit because that’s really interesting. And I think there’s a lot of moms out there who are contemplating a career change or who in the last year. I mean, so many women unfortunately left the workforce, whether it was there were moms and they had to do it for childcare, whether they were later.
And they are contemplating this career change or became an accidental stay at home. Mom, can you talk about kind of like that journey and what you were thinking and how did you just decide to go take classes? Like how did you do that? Balancing a kid. And what were those conversations like at home and what was going through your mind to get you kind of through that?
[00:08:14] Babita: It’s scary. I mean, I know my husband was freaked out about losing half our features. We make about the same, I guess, at the time. And cutting down to half Brighton thump. I didn’t too much of the schooling while he was around. He was just one last bit of it while I was on maternity. So it wasn’t work school and that that’s going to wake up to it on the back burner.
So it’s balancing and prioritizing. The change came mostly because I was, I was really bored at the old job. Didn’t really see the forward potential. I think that’s. Struggle being in a job where you don’t see what we’ll be doing different or better having an impact, I guess, moving forward. So I really did want to change and I really, the financial planning classes really fascinating because it is, it became one of those things that like constant going back to, I do not know this coming out on top.
So I think financial literacy and educating is like big part of why I wanted to do this. Like part of it, just mark and go teach it. But can’t make,
[00:09:19] Stephanie: I like how you said though, it was your why, like I always say like, what, what drives you? What is your why? And not like a hypothetical, like, or fluffy, why, but like really what is your drivers?
Because if you’re not doing something that you’re super passionate about, you’re kind of just grinding. But for a lot of people, it’s hard to leave. A steady paycheck, especially. So for you, I guess you were a little bit in a okay. Situation where one spouse was working. So you were able to survive, like what did you do for your own financial planning during that time in order to be able to survive off of one?
[00:09:55] Babita: to spend less.
[00:09:58] Stephanie: I was gonna say, using your skills now and looking back, what would you have done differently? Because maybe there are a lot of women out there that are about to have that conversation. Their husband might be working and they’re like, I hate my job or I just got laid off. I’m a stay at home mom now, but maybe I don’t want to be that.
Maybe I do want to go back into something, but how. Give us that runway. If you were to look back and give yourself advice, what would you have done?
[00:10:22] Babita: I think I would’ve, I get actually didn’t end up with much of a choice and I kind of mentioned in passing, my son was having some issues at the time. So that was the catalyst on our end.
So I didn’t really have much of a runway on that, but if you do still have a job and want to make that change and you had time to play. I work with a lot of what we’re going to major changes in life. And yes, obviously when it comes to my divorce, it all, but career changes are becoming a big ones. A lot of them, whether it’s to take care of kids or the older ones to take care of parents, it’s planning, like your next thing is a big deal.
So if you have time to plan it, that’s time to talk to somebody, meet you and have your budget in place that you didn’t have enough savings in place. So, especially as you’re starting a business and you know, it’ll take a little while to get that income flowing that country, you have enough in savings to cover.
And the biggest mistake I feel like I need at the time, I’ve kind of stopped planning for the long term. I was like, mentally, I’ve always been a planner. Not necessarily finish up, like always like thinking ahead, even ahead of a decent retirement, like 401ks my old job, I stopped funding mine because I was home.
And all of a sudden the rain comes. I said, it seemed like a good excuse though. Like I would have prioritized continuing, saving, investing during this. Even though it would have been harder and just not forgetting the long-term.
[00:11:40] Stephanie: Well that, no, I actually have a question along that same lines, because for example, I was working in a job.
I had a 401k, I transferred it over. When I started my next job, we had a 4 0 3 B you know, I was always saving for retirement. I had a Roth IRA. Then I get married, you know, things change have kids. And now that I’m an entrepreneur, I don’t have a 401k that. Giving towards, because I’m not at a corporation or anything for those women who decide to go out and start their own thing, how can they start saving for retirement?
What can they do to continue that? Because I think me personally, I put that on the back burner. I can’t contribute to a Roth right now because don’t qualify. But, you know, what can we do as women in that sort of situation? And I know you work with a lot of women own businesses and you work with a lot of women going through transitions, which I think is amazing because I think women, financial literacy is something that’s so important.
And I think that. I talked to a lot of mom friends and not a lot of them know anything about investing either their spouse takes care of it, or, you know, it’s so far from now that they can’t even think about it because they have the fires to put out home the kids to take care of. And maybe they’re not making income because they are a stay at home mom.
So they’re like, well, what can I do? I can’t save towards retirement. I have buddy.
[00:13:01] Babita: So technically if you have excess income people actually can’t, even if you don’t have it, you can still find it what’s called a special wire. Right? So that’s something to keep in mind. So if your husband’s or spouse partner is funding their retirement somewhere and you happen to have, you can have an IRA, even though technically the rule is earned income specialists.
Hm. IRA’s are usually the first line of investing for retirement. You mentioned it. You can get disqualified from Ross. Always had an IRAs as long as you’re learning, but you’re limited. You’re limited to $6,000 a year. If you’re almost 50 dependent seven, which is not owning. You will have other options.
There was other plans like set, set plans, simple IRAs is even solo 401ks, Metro single person, single business owner. It just requires a little bit of work, looking up the details, see which one fits you the best. And I kind of always go back to telling my. It’s not an experienced it. It’s not being handed to you because when you start a business, you accept the responsibility of everything else.
Not the marketing person, the receptions, you’re the customer service. You’re the accountant and the bookkeeper. Well, you’re also HR and you have to come up with your own benefits now,
[00:14:14] Stephanie: right? Insurance and retirement plans and all of that payroll, everything. So much to think about that. I think we do get overwhelmed and we don’t prioritize that.
Cause I think we see retirement as something in the future. Like I, you know, I can’t think about that now, but that is important.
[00:14:33] Babita: And I’m going to throw in a little math lesson. I’m desperate to keep it really quick. Just the importance of starting early with saving and investing. So not to get too convoluted, but there’s something called the rule of 72.
So she’d take the number 17. The divided to what you’re earning. So let’s say you’re earning 10% on something. I think divided that’s how long it is. So 72 divided by 10 did 7.2 years without your money. And I think about that in terms of time, starting 10 years earlier, it needs less, you have so much less than what’s so much more than you can grow to almost double.
If you cast that
double intense. It makes us so much less pressured of how much you have to say, just because you have more time. So starting early, even small and go back to like, make sense. So whether that’s your kid’s college, you can, whether we’re talking about retirement or savings or house or something less so far away, but one big vacation, whatever it is, the sooner you start saving, the less you actually have.
[00:15:43] Stephanie: with that, what are kind of the rules of thumb, of how much should you be contributing to any of these like retirement accounts? So say, you know, a lot of moms tend to be in their thirties or even their forties. And they’re just now starting out maybe, and thinking about retirement, what is kind of the rule of thumb if you’re working mom, or even if you’re an entrepreneur that we should be contributing towards.
Not a big
[00:16:07] Babita: fan of, um, 10% of income has been pretty standard for a lot of people. Again, if you lead depends on, and it’s hard when you’re young, I guess, to kind of start going, okay, what do you want to look like? I don’t know. It’s just that, like I fall in that boat seems like, oh no, but again, where you put the earlier you can get away the better you can see all about it.
Like, yes, I could have done it better when I was home, but I also don’t feel so bad about it because I also chin and was working.
[00:16:39] Stephanie: Especially if you have like employer mashes and things like that, like definitely. It’s definitely
[00:16:45] Babita: left me with the feeling like I have a question.
[00:16:54] Stephanie: So a lot of women are that listened to the podcast, have, you know, maybe younger kids or like kids in their teens and stuff. What should we have started doing, I guess from the beginning, like, should we have started investing in their college? Should we have been just focused on our own retirement? Like, is there a sort of like waterfall or like tier of things, you know, I think about like people ask like, oh, do you have a 5 29 plan?
And I’m like, oh geez, like there’s so many things. And I’m like, We only have so much income. And I was like, we have a house, we have three kids. We have, you know, 401ks we’re contributing to and all sorts of things like tuition and there’s so much stuff. And again, it’s like future planning, but it’s like, college is going to come, you know, so soon.
And then all of a sudden, like our five-year-old is suddenly going to be like applying. And before we know. Where should we have started? Like, should we start thinking about that now?
[00:17:50] Babita: Again, I go back to the earlier, even if it’s small earlier, is that even if you’re putting a little bit of side, like the minute they’re born it’s and distance, that’s been a few years, then start as soon as you can.
Again, even those 25, $50 a month, the gifts that they get from grandparents, just starting to like stack them into those accounts really makes the difference will add up because again, does that whole compounding earnings on things that help you act more time? You have the better it is for you prioritizing between retirement and college planning.
I mean, ideally most saving for both and my personal opinion. This is just me. Not everyone agrees. I always recommend prioritizing. Because there’s options. There’s cheaper school it’s fall shit. You could get some other aides. Good, not ideal student loan debt being all over the news, but you can get to some way to pay for it.
This real, not wasting your time besides saving social security. Most of us, aren’t quite sure what I look like by the time we get to retirement, a handful of jobs out there have pensions, but it’s disappearing fast. So really two. And you’re not going to retire. Next thing kids might still go to college.
Don’t have everything seemed that just won’t happen. We want to have to work forever or live off whatever. So she’s sleeping. It looks like,
[00:19:11] Stephanie: I feel like that is though. I know that’s your personal opinion, but I feel like I hear that from a lot of people too. It’s like, worry about yourself. Like worry about your retirement because yeah, you can borrow for college.
That’s what student loans are. There are so many ways to fund college. I mean, it sucks coming out of it with student loans. You
[00:19:32] Babita: have to stick them to your kids then, but there’s still actions. And that being said yes. Is that. You still wouldn’t believe how many moms prayer as the kids who prioritize themselves.
And we know first I was in the back. I think that’s an everything
[00:19:50] Stephanie: in life, not just financially, but I feel like self-care, whatever that is. I think we always put our kids before us and we need to start shifting that mindset.
[00:20:01] Babita: And well, so I’ve been trying to get into this whole thing, trying to change our perspectives on, you know, how to put yourself first, think of it this way.
For every framing, it helps. If you don’t save for retirement, you will probably end up being your adult child’s problem at some point.
[00:20:24] Stephanie: I think so too well on that note of kind of putting yourself first, I’m curious, are there any things that you do not even financially, but you know, on a day-to-day basis to fill you up to, you know, whether self care wellness, are there any practices or rituals that you do in your daily life?
[00:20:43] Babita: I think I’m a big believer in starting the morning, right.
Has become yoga in the morning is kind of my Courtney Keystone, I believe is the right word. Now it’s 15, 20 minutes longer. If I can get it in and along. Good check at the time, me in the kids around me when it’s happening. And it happens every morning, I have a bare minimum on it. Like I have my very bare minimum pattern for doing it.
And if I have more.
[00:21:11] Stephanie: But it happens at what time do you wake up in the more.
[00:21:15] Babita: That’s actually because my 11 year old that he’s just very neurotic and schedule. Well,
[00:21:26] Stephanie: usually I feel like the older they get, the later they sleep in
[00:21:31] Babita: this, doesn’t give me my. He’s very rigid on his
cereal or something. So it’s not crazy, but it’s also nice to, to kind of have they gotta be honest. It’s been a while anyway. So kitty gives me enough time to do my yoga and have my few quiet minutes while they tend to chill in the morning.
[00:21:54] Stephanie: Do you start those practices? How old were they or did you always have those before you even were.
[00:22:02] Babita: It did kind of stop when kids came along and life got busy and it kinda got put on the back burner. And I think getting one of those, no, one’s saying I’m better when I do it. I’m calmer. I’m a better mom. When I do that again, it sounds like you want to reframe it in your mind as taking care of it is part of.
I’m calmer. I’m nicer. I’m more patient. I’m wondering when I’m not sprayed it with whatever’s on my mind. It’s not happening. So it’s for them as much as it is for me. That’s how I frame it. And sometimes you got to justify it to ourselves to make ourselves do it right. Do
[00:22:39] Stephanie: you have a favorite app or a program that you do.
[00:22:43] Babita: I could done find that he isn’t then YouTube videos. I think it just slowly developed into they own thing. So it can be done anywhere. It doesn’t matter which room I have available to me. I can do it.
[00:22:54] Stephanie: That’s great. So I wanted to talk more about. Women entrepreneurs, women business owners, because a lot of women that listen to podcasts also are business owners.
And so now that we got the retirement bucket kind of checked on what they can do, they can have a SEP IRA. They can have a traditional IRA, they can form something for their company. What is besides retirement. What are other things that you see the missing from there? Like financial, I guess, plan over say, I don’t mean to be sexist in here, but men, because I think men have a very good kind of grasp and understanding and, you know, they have their spreadsheets, they have all the things and they don’t struggle with, I think the mindset part and I think women tend to, and I, I hate to generalize there, but I just see it.
They have more mindset blocks when it comes to money or earning what they, you know, should be earning or asking for that raise or whatever that might be. It’s just a difference. So what are kind of the things for maybe women entrepreneurs or business owners that you see them missing in their either financial plan or their financial portfolio?
[00:24:04] Babita: It’s definitely a mindset thing. Guys are not better at math and they’re not better at financials. I think it’s somewhere. I was reading that they did a study on like female managed funds. So I keep quote on exactly which one. So just saying it’s a mindset. We tend to limit ourselves to not taking control for business owners.
I would say it’s looking at the bigger picture of they finances do tenants. Managing the business. And again, we do have too many other things that are very like pull it together sometimes. But one of the biggest issues I see is having diversifying your assets. We tend most businesses, most business owners share desks, but we tend to have a lot of our personal assets in this.
And that kind of consensus diversifying is not putting all your eggs in one basket. The business owners tend to have that by default, you can share investing in the business. A lot of guests you want back in there, and that’s a risk in itself. Not always a smart state in best. So one of the things they do with them is help them diversify, make sure they’re building assets outside of the distance as well.
There’s retirement. And then there’s, non-retirement investing as well. The other thing is, I guess, depends on what if they’re scaling and hiring roaming in their business. It’s kind of getting the right employees and the right employee benefits and I’m not by any means this specialist in the plate benefit area.
But I do work with people when they have benefits. So it’s kind of tailoring it to keep the good things there, especially in small shops and want to have like the right talent, come in, keep them there and give them the right word. It’s important to kind of have that right. And I don’t actually do that myself, but I do have context and doing, just kind of helping them thinks in that gross things of the people signing.
[00:25:59] Stephanie: Right. And on, in terms of like benefits too. I, I saw like, you know, you do do a focus too on insurance and things. And for the first time, you know, my husband and I, we got life insurance and I never thought of that before. Are there any things that, like we aren’t thinking about insurance wise that we should do to protect ourselves, especially maybe as a mom.
[00:26:19] Babita: So when I think of, like, I think one of the things we had mentioned was talking about what would help young moms or young people with young children. Like I was go back to detection then like having kids brings up the protective nature, right? So like insurance need to that type of thing. Catch your kids.
And if anyone, this isn’t necessarily just friends, but anyone depends on you depends on who for care need to have insurance. Otherwise what happens if you’re not. And yes, not just income here to stay at her moms. We’d be like insurance too, because
[00:26:56] Stephanie: we would have to
[00:26:56] Babita: replace that second thing. I see a lot of it. This is technically not financial, having a will I think a guardian named for children. God forbid something happens to both of them. It’s kind of been taken care of my is wonderful teaching I’m finished, but we want to be the ones that decide who takes over the worst happens.
The other thing is you mentioned insurance, even less known interest compared to life insurance, disability, insurance. And I feel like I went to a lot of schooling and I rarely heard of that. So it’s really not as well known, but it’s may and may is disability insurance awareness.
[00:27:36] Stephanie: Oh, wow. Okay.
[00:27:38] Babita: So disability insurance protects your paycheck.
So you can’t work ill for a long period of time. Not a paycheck. Insurance pays you a check on a monthly basis.
[00:27:52] Stephanie: This is different than like disability at work, like having, I think worker’s comp
[00:27:58] Babita: worker’s comp. So workers’ comp is if you get injured at work, but I’m thinking, okay, When the majority of the disability happens with illness, not accident.
So say someone ends up with kids. You can’t work for four weeks treatments and getting burned. What do you do? So for most of us, especially the younger crowd, our income is our biggest. I mean, think about how much you’re going to earn over the course of time with the ability to earn plus your rates, what you’re earning now, plus your raises, but your gross, intentional, and all of that.
When it comes into millions for most, if you can get a 30 year old earning, even just under six figures, you’ll get better. And we all protect our cars at our house. Engagement ratings, get insurance on our TVs, buy at best buy going on now, very keen to ensure that all of it, which is, which
[00:28:55] Stephanie: is interesting.
Cause I always thought, and like, this is just eye opening for me. I always thought, you know, in your paycheck, when you paid towards SDI or, you know, your disability insurance, when you pay the government out of your paycheck with the taxes, I thought that’s disability insurance.
[00:29:11] Babita: It’s just, you have to be really, is this like on
social security, disability covers you as you’re pretty much really in your kitchen at all. And you’re really not expected to. Now, which is fine, but again, your social security, we’ll start. Just talk about how retired probably, right. You’re probably not going to be living off of it completely. Same for disability.
I mean, if you earn 150,000 a year and your disability check now comes out too that’s knowledge of month, but also, you know, you can actually buy disability insurance and get on that covers you for not being able to do what you do now. Your doctor, it will pay if you keep a doctor anymore, as opposed to you can’t do anything.
That’s like the big distinction there. So I have, especially people who work hard, they go see extra college and work up the corporate ladder or spend time building up a business to earn higher income.
[00:30:17] Stephanie: I know, does disability insurance does that? Mt. You change the, say you do get the promotion and you’re making more and or you start a company and then, you know, you, your income grows.
Does that kind of cover was the growth
[00:30:32] Babita: just out of curiosity.
[00:30:33] Stephanie: What is the average kind of premiums on something like that? I’ve never even heard of disability insurance. So I’m curious,
[00:30:40] Babita: that’s on your gender. Unfortunately, women day more for that one. Life insurance is a little cheaper on woman disabilities, a little cheaper
[00:30:49] Stephanie: car insurance car insurance is so much cheaper for women than it is for men.
[00:30:53] Babita: So life insurance disability, unfortunately is all more extensive being a woman. Your state, sometimes it makes a difference. I know California is a little more expensive than the Eric. It really depends. Bullshit depends on the profession because the riskier, your profession is the higher. It goes into all kinds of risks.
But again, it’s, I find it to be one of the more important ones because life insurance is everybody else’s has said purchase of love. Disability is also for people who don’t have anyone, depending on that it’s free. I’ve had family members. Cancer other issues. They haven’t been able to work for a few years even, or ended up switching the practice time after noon.
We have Jim pack that as something else you want to provide for yourself, your family, your kids, what would really happen if you couldn’t.
[00:31:41] Stephanie: Right. Right. Wow. Well, good to know. That’s a, that’s definitely an important thing. And where can you purchase these things? Just like your insurance agent, like you just go to them
[00:31:53] Babita: agents who do life insurance with the disability.
I like to always point people to there’s a website out there called life, happens that word. It’s not nothing to do with me. It really touches on the importance of life insurance and disability insurance. So it’s worth looking at,
[00:32:09] Stephanie: will add that to the show notes. That’s good. A good resource. So to wrap things up, although I’m like, I have so many questions on like all the financial stuff, but I know we can’t cover it all in one.
I think it’s a good, like starting step. So I would say plan for retirement. Think of yourself first. Even if you’re a stay at home mom, or you’re just getting started really focused on your retirement and then look into disability insurance and all the other things. But to wrap things up, I wanted to ask a mom question, which is, what do you think.
Super power is that you gained, once you became a mom that makes you better in either business or life. It’s
[00:32:46] Babita: the sweat, the small stuff is asking yourself, you know, Five minutes, five days, five years kind of thing. So try not to be great at it all the time. We all have our moments of the next floating it reactionary.
But to try to think of that, whether it’s for the kids or to something small that happens at work or their name, it’s just, you start to get a bigger picture.
[00:33:12] Stephanie: Yeah. And then where can we find you
[00:33:16] Babita: on LinkedIn? And also if anyone’s interested in talking to me about your personal financial situation, I am happy to do a free consultation.
I can only offer it for the states that license them. So California and New York and New Jersey. But welcome to set up an hour long consultation. We can talk about your personal finances and .
[00:33:41] Stephanie: Oh, thank you so much. That’s so generous of you. I’ll link it up in the show notes for anyone who wants to contact you.
Well, thank you so much for joining today. I appreciate all your knowledge and go to my show notes so you can go and contact her. Thank you. Thank you for having. Thank you so much for listening to this episode of mommy’s on a call. Your support means the absolute world. To me. You can find the show notes for this episode and other goodies over at mommy’s on a call.com.
And if you enjoyed this episode or have gotten value from the podcast, I would be so grateful if you could head on over to apple podcasts and leave a rating and review so that we can reach and empower more moms all over the world together. Thank you so much again, mommy pod, and I will see you.