Description

Money and divorce are two words that don’t usually go hand in hand—but they should. In this episode of Gavels Down, Voices Up, I dive into the financial realities of divorce and how to set yourself up for long-term success. Drawing from my decade of experience in family law, I break down practical tips for becoming financially independent and confident, no matter your starting point.

I also share real-life stories from clients like Lisa, who went from uncertainty to owning her own home, and Joe, who turned financial strain into stability through creative budgeting. Divorce may impact your finances in the short term, but with the right mindset and strategies, you can turn it into an opportunity for growth.

In this episode, you’ll learn:

• Why financial independence is crucial post-divorce: Creating your own income stream brings stability and confidence.
• How to separate wants from needs during divorce: Budgeting realistically helps reduce stress and sets you up for success.
• The importance of understanding court assumptions about income: Courts may impute minimum wage income, so working toward earning that or more is vital.
• Why cutting expenses can empower your settlement decisions: Adjusting your financial habits gives you control over negotiations.
• How side hustles can support your financial journey: Small, consistent earnings can add up to a significant safety net.

If you found this episode helpful, please subscribe, leave a review, and share it with anyone who might benefit from these essential estate planning tips!

00:00 Introduction to Gavels Down, Voices Up

00:37 Financial Confidence and Divorce

00:59 Navigating Divorce with My Book

01:36 The Impact of Money on Marriage and Divorce

02:15 The Reality of Post-Divorce Finances

03:18 The Importance of Financial Independence

05:27 Strategies for Financial Stability

07:46 Case Study: Lisa's Journey

13:41 Case Study: Joe's Story

15:49 Practical Financial Tips During Divorce

21:20 Conclusion and Final Thoughts

Ready to learn more about Rachel King:

Website: https://rachelkingattorney.com

LinkedIn: https://www.linkedin.com/in/thelawyerking/

Youtube: https://www.youtube.com/@rachelkinglaw

Spotify: https://open.spotify.com/show/5ZIOh5b6kNo3KYojIA8vKw?si=91205d1a16194e67

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Rachel's upcoming book, "Getting Divorced: Now What?", is available soon. Visit https://rachelkingattorney.com/ for more information and to pre-order your copy.

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