Episode 42 | Kati Hinds: Money and Family, Part 1 Artwork

Woman-Owned Wallet: The Podcast

The Woman-Owned Wallet is a bold, feminist marketplace that features goods from over 50 woman-owned brands. Founder and serial entrepreneur, Amanda Dare, has expanded her brand by creating a walking tour of other woman-owned shops in one of the most popular areas in Louisville, KY, and now, she is also encouraging conversations about money with women through Woman-Owned Wallet: The Podcast. Amanda shares honest conversations with a fellow woman in business to discuss all of their WOW money moments with their finances: both the good and the bad.

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Woman-Owned Wallet: The Podcast

Episode 42 | Kati Hinds: Money and Family, Part 1

May 02, 2023 • Season 4 • Episode 42

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Money and Family-Part 1

Have you ever avoided talking about money with your family? It's a common issue, but in today's episode, Amanda breaks that barrier and has an honest conversation about money with her mother. But why is it important to talk about money with your family? Well, money can be a source of tension and conflict, and it's important to address any issues before they escalate and damage relationships.

In the first part of their conversation, Amanda and her mother dive into their family history and discuss how their financial journey has shaped their lives. They explore what it was like growing up and how Amanda's mother had to supplement her husband's income in creative ways. They also discuss her decision to go back to school and become a doctor, which allowed her to finish strong and achieve financial stability.

At the age of 65, Amanda's mother is enjoying life after retirement and is excited about the milestones she hopes to achieve in the coming years. Their candid and heartfelt conversation sheds light on the challenges and triumphs of navigating financial decisions within a family. So, join in as Amanda and her mother share their experiences and insights into money matters.

Now, let’s jump in!

Conversation Highlights;

[00:01] Episode intro and what’s in for you today

[01:28] Why it is golden to have conversations about money with your family

[02:25] How Amanda and her mom ‘met.’

[12:24] How growing up looked like

[17:07] Is the cost of raising boys and girls the same?

[24:43] Relocating to Memphis and her mom’s need to contribute financially

[34:02] The saver and the spender in the family

[38:02] Amanda’s mom desire for financial freedom and how she worked toward that

[39:05] The three main ways to support yourself financially

[45:51] Going to pharmacy school and finishing strong