Episode 159: Hilary Hendershott

Financial advisor Hilary Hendershott’s mission is to motivate people to be financially empowered. An award-winning entrepreneur, Investopedia named Hilary one of the Top 100 Most Influential Advisors in the US. We talk about both business and personal finances for founders in this episode.

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Hilary Hendershott is the founder of Hendershott Wealth Management, a leading financial advisory and wealth coaching firm for women and couples, where her mission is to motivate people to be financially empowered.

Hilary hosts Profit Boss® Radio, a weekly podcast where she and her guests offer inspiration and actionable advice to support women in their financial journey. She’s also a TEDx speaker, and has been featured in the Wall Street Journal, NBC, ABC, FOX, DailyWorth, Forbes, and Investopedia.

Hilary was recognized as a Top 40 Under 40 Entrepreneur in Silicon Valley and in 2018, Investopedia named her one of the Top 100 Most Influential Advisors in the US. With more than 30 television appearances, she’s considered the go-to personal finance expert in Silicon Valley for NBC, where they have nicknamed her “The Investor’s Voice of Reason.”

Hilary has an MBA from Santa Clara University, and is a Certified Financial Planner™.

3 Key Points

• We relate to money like it has fundamental traits that we assign to it. That’s not true: money is a blank slate.
• Understanding your business partner’s background and attitudes about money helps in partnerships.
• The best predictor of high return is low cost.
• Business owners make something happen in the world that wasn’t there before. Business owners make magic.

Quote

You don’t have to have a financial life that reflects your past.

What We Talked About

In this episode, you’ll learn:

• 01:14 – what’s a fiduciary financial advisor?
• 03:30 – what transformed your own experience financially from debt to financial independence?
• 08:22 – money mindset: compassion and money messages
• 10:56 – how can women improve our money mindset?
• 15:24 – successful negotiating
• 21:32 – money conversations with a business partner
• 25:38 – mistakes business owners make around money
• 30:38 – values and investing
• 35:50 – successful retirement

Actionable Tips

1. Know that every day, you have an impact.
2. Declare what you intend to fulfill on and then do it.
3. Start now. You can start small.

Resources Mentioned

• HilaryHendershott.com
• Hilary on social media:
  • https://twitter.com/HilarytheCFP
  • https://www.facebook.com/hilaryhendershott/
  • https://www.linkedin.com/in/hilarythecfp
• Profit Boss Radio

Resources for Your Business

Click here for free resources to increase the impact of your business.

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