Lynnette Khalfani-Cox - The Money Coach

Lynette Khalfani-Cox is a 16-time author, founder of TheMoneyCoach.net and the Financial Influencer Network. She has been featured on Good Morning America, Oprah, The Today Show, and various other nationwide TV programs. She is a former Wall Street Journal/CNBC reporter and has been creating personal finance programming and content for the past 22 years. 

Overview

Financial knowledge from a New York Times best selling author, Lynnette gives a masterclass on financial recovery strategies, credit hacks, budgeting wisdom, and entrepreneurship lessons. She shares how she went from $100K credit card debt to a massive business success.

Key Topics

The Ten "Dreaded D's" Downsizing, Divorce, Death, Disability, Disease, Debt, Damaged credit, Disasters, Dollar Deficits, Discrimination.

Self-Care First Poor physical and mental health = poor financial decisions. Address your mental/physical well being before engaging in tactical fixes.

Lessons from being Laid Off Important steps to take once you're laid off and key self reflection questions to guide you towards choosing what's next for you. 

Entrepreneurship Test hobbies as paid work. Confirm you can sell, not just create. Expect income cycles.

Credit Hacks 

Rapid rescoring: Fixes errors in 48 hours (mortgage applicants only)

Credit cards damage scores most—pay them down first

Payment history = 35% of score

Large mortgages/student loans don't hurt if paid on time

Credit Cards 

Systemic issues exist (predatory rates, discrimination)

Regardless you must own your choices. Read terms, understand costs, opt out of offers.

Budgeting 

Never spend more than you earn

Budget for personal spending to prevent resentment

Align your spending with values

Mentorship

Show reciprocity and bring good energy.

Execute on advice. Mentors help those who help themselves.

Resources

Connect with Lynnette: AskTheMoneyCoach.com | LinkedIn

Books: Bounce Back, Perfect Credit, Zero Debt and more!

Great Minds Lynnette recommends: Sandra Davis (Sage Financial), Dr. Benjamin Hardy