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013: How To Take Charge of Your Personal Finances: An Interview With The Financial Guru Who Changed My Life with Allegra Moet Brantly, Founder of Factora

Aug 18, 2020

40% of American’s can’t afford a $400 emergency. That’s a personal finance crisis if I’ve ever heard one.

If you’re like me, at one point in your life you’ve probably completely ignored your personal finances. Whether you let your partner handle all the finances for your family or you feel like you don’t understand the financial space enough to step up and take responsibility for your own money, this episode will help you feel more empowered about your finances.

My husband Austin and I are joined by our good friend Allegra Moet Brantly, Founder of Factora, a company on a mission to help 1 million women build $1 million in net worth. In this episode we talk about personal finances, building a financial foundation, and building long-term wealth.

Episode Highlights: 

  • 2:57 Allegra’s personal financial revolution
  • 6:20 The first step to financial empowerment
  • 10:00 How to set a good foundation for your finances
  • 14:24 Ditching a traditional budget and getting started with values-based spending
  • 17:24 What most people forget when setting financial goals
  • 18:40 The easiest thing you can do to start growing your savings faster
  • 22:27 Why you shouldn’t be afraid to leave your bank and financial institutions Allegra recommends
  • 26:51The three types of asset classes to invest in
  • 28:53 What diversification means and what it can look like for you
  • 30:17 How to take part in financial wellness on a smaller salary 
  • 33:02 My financial revolution and the importance of women taking ownership of their personal finances
  • 36:52 How finances brought Austin and I closer in our relationship
  • 38:20 How to automate your finances and the system Austin and I use for our own automation
  • 42:19 The power of compounding interest
  • 44:03 Three ways that you can start investing
  • 48:06The difference between Traditional IRAs, Roth IRAs and 401k’s and how to decide what’s right for you
  • 51:47 Is it worth it to hire a financial advisor? 
  • 57:23 How to tackle your credit card and student loan debt
  • 1:03:49 Allegra’s personal financial goals
  • 1:08:58 Mine and Austin’s personal finance goals for financial freedom
  • 1:10:43 Why now is the perfect time to start paying attention to your finances 
  • 1:12:32 Allegra’s favorite resources for personal finances

Links and Resources: 

Guest Bio

Allegra Moet Brantly is on a mission to lead 1 million women to $1 million in net worth. To do so, she founded Factora Wealth, an online course & community that educates and empowers women to build real wealth, together. A serial entrepreneur, real estate investor, dog lover, and Texan since 2017, Allegra's deeply passionate about helping women learn how to invest in financial freedom.