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Our guest, Chloe Elise, is a Millennial Money Coach, who helps millennials pay off debt, actually get ahead with their finances, & save for big future investments. After paying off $36,000 of debt in 18 months and transforming her life, Chloe decided to show other 20 and 30-somethings how to create that life for themselves too. Chloe’s mission is to make finances fun and easy for millennials and show that you can enjoy your young adulthood and still get ahead with money. You don’t have to wait until you’re 60 to have financial freedom.
Bob and Chloe chat about:
- Having a financial skill set coupled with an empowered mindset.
- Digging for childhood beliefs that self-sabotage financial freedom.
- Recognizing gender bias.
- Becoming a hero with your finances rather than a victim.
Chloe is an expert in negotiating, gaining confidence around money, and advocates for her clients to optimize their finances instead of sacrificing the things they love. Check out her website, Deeper Than Money, or take a listen to her podcast to learn more.
Click to Read Full Transcript
Bob: [00:01:00] Welcome to another episode of Money You Should Ask. I’m your host, Bob Wheeler. And in this episode, we’re going to explore, question, examine, converse, dig deep, expose, laugh and cry about the money beliefs, money blocks, and life challenges of our next guest. Turn up the volume, listen, learn and laugh.
Hey, I’m Bob Wheeler host of Money You Should Ask podcast and The Money Nerve.. This is week four of March Money Mindset. This week, we’re giving away three one-on-one private consultations with yours truly, me. During that hour, you’ll be able to talk about money blocks, money, beliefs, or anything, financial, whatever’s on your mind. Visit themoneynerve.com/freshstart2021. Or click on the link below in the description for your chance to enter. Be sure and join us next week for the final week of March Money Mindset.
Our next guest Chloe Elise is a 25 year old millennial money coach who helps millennials pay off debt actually get ahead with their finances and save for big future investments. After paying off over $36,000 of debt in 18 months and seeing how it transformed her life, chloe decided to show other 20 and 30 somethings how to create the life for themselves too.
Her mission is to make finances fun and easy for millennials and prove that you can enjoy your young adulthood and still get ahead with money. Chloe is an expert in negotiating, gaining confidence around money and advocates for her clients to optimize their finances. Instead of sacrificing the things they love by mastering her personal and business finances.
Chloe grew her business to multiple six figures within her first year. And now she helps entrepreneurs make a seamless jump from corporate by mastering their business finances to. Chloe’s clients are proof that you don’t have to wait until you’re 60 to have financial freedom, and it’s possible to travel, save big and become massively wealthy. Now!
Chloe, it’s so great to have you here.
Chloe: [00:03:01] Oh my gosh. I’m so excited to be here. Thank you for having me on.
Bob: [00:03:06] And you are coming to us from Kansas city, Missouri, Kansas city, Missouri. Are you a chiefs fan?
Chloe: [00:03:12] Yes, absolutely. I am. When I moved to Kansas city about two years ago, right.
When the chiefs are getting good and I never had a, an NFL team before then. So I’m now a chiefs fan I’m now.
Bob: [00:03:28] Well, that’s a good team to pick. I like, I like the chiefs. Oh, my goodness. So you are a millennial and you are helping other people. Did your parents talk to you about money growing up?
Chloe: [00:03:39] No. In fact, one of the main things I learned about money was that it was something you didn’t talk about. Especially my household money conversations were hash hash. If I asked something like, how much is that? Or why can’t we have that? It was. They, I mean, I knew that I was going to be met with some like Chloe that’s disrespectful. That’s rude. You don’t talk about that.
And so I always had it as this idea of like, okay, I guess you just ignore it.
I took that idea of you. Don’t talk about it too. You don’t look at it. You don’t think about it. You just push it off into, you know, that, that corner room you don’t think about it. And so that really showed up in my life too, growing up. And did you like, did you get an allowance? Did you get any kind of financial, anything as a kid other than don’t talk about it?
Yeah, so definitely when we had, you know, like a $5 Easter card from grandma or something like that, my parents would say, you know, you always need to be saving. You always need to be saving. And so I would put a couple dollars here and there into a college fund, but I never really had like a weekly or monthly allowance every so often I asked sparingly.
I knew not to ask a lot, but I would ask for, can I have $20 to go to the movies with my friends or something, but the second I was 14. I had like multiple jobs. I taught private swimming lessons and some of them were a little under the table because I was only 14. So I taught private swimming lessons. I babysat, I worked at the fairgrounds at the root beer float stands and ever since then, you know, going from in high school and college, I had multiple.
Part-time jobs in order to pay for everything that I did. And so from there on out, I learned, you know, you have to work really, really hard to make money. And so that’s what I did, but I also didn’t know how to handle money. So no matter how much I made, I always had about the same amount in my account, which was like maybe 30, $40 because everything I made, I.
spent or I lost, or I didn’t know how to handle it. And so definitely was instilled with this belief early on of you have to work really hard and that making money is really hard and keeping money is really hard.
Bob: [00:05:54] Yeah. And did you, and so you brought that into your young adulthood. Did you bring, like what, what beliefs did you bring in? Was that some of what you brought in initially?
Chloe: [00:06:04] For sure. So I, I would say my, my top belief at that point was, you know, you have to work really, really hard just to get by. That was like my number one belief. And the second believes that it really took me a long time to learn was a belief, was that money’s really stressful.
And for me in my journey, I was, you know, I was working really hard in high school to make pretty good money for a high schooler, but still felt. Broke still felt like I had nothing. And then I went to college, same thing. I was picking up more hours, more jobs, more, anything I was in that like hustle stage, anything I could do to make more money.
I was donating plasma so I could buy groceries. I mean, I was like hustling for money and every time, no matter what was in my bank account, no matter how many hours I worked that week. Anytime I went to buy something. I immediately felt so stressed. I mean, I would be like sweating. If I was on the phone, I’d be like, okay, I gotta go. Cause I’m checking out at the grocery store. Like it was so stressful.
And I always thought it was stressful because, because money was stressful at that point. And if I just made more. Money wouldn’t be stressful and not to skip ahead too far, but on, so then I kind of started figuring out money. We can talk more about this journey, but I started figuring out money a little bit, really struggled.
But I ended up learning and teaching myself how to get ahead. And so I ended up paying off all my debt. I paid off $36,000 in 18 months at 22 years old. And I remember this so vividly. This was the day I learned about this belief. I remember this so vividly. I became debt free. I was like, Oh my God, I can’t believe I did.
This is so awesome. And I go to that day, I had to buy groceries or something and I go to buy them and I’m at the checkout counter and buying them and immediately my whole body’s like, I’m hot, I’m sweating. I’m like, okay. And I’m like, wait, I’m debt free. Like, I shouldn’t feel this way. And so I told myself.
Well, it’s just because my emergency fund isn’t big enough, then I’ll feel, then I won’t feel stressed. So then fast forward, you know, however long six months the child finished my emergency fund, I’m like, yes. That later that week I go to the store and all of a sudden I’m so stressed when I’m at checkout.
And I had this epiphany where I’m like, Oh my gosh, it’s not about what’s in my bank account. It’s an, I believe that money is stressful. And so I am therefore always stressed about money. And I love that you talk so much about your beliefs because I, one of my biggest childhood memories I’m a seven on any grand, which means I’m like very loud.
I’m very excited. I always want to make everything fun. And I can remember as a kid being six, seven, whatever. And being at the grocery store. And every time we got in the checkout lane, my mom would be like playing with me in the store and throwing paper towels back and forth. But then when we got to the checkout lane, it was like, Chloe don’t touch anything.
I need you to not talk right now. And I could tell she was stressed and was such a big stressor for me. And that epiphany of like, Holy cow, it’s not about the money. It’s about what I believe to be true about money. And so that was a huge wake up call for me on one of those, you know, more prominent beliefs that I’d had.
Bob: [00:09:09] Yeah, that’s so amazing. And I think people don’t realize how how much importance we attach to these beliefs when we’re a kid, right? You’re six years old. You just know we can have fun in the grocery store, but when we get to the cashier, it’s a nightmare. It’s going to be horrible. And so then you get to repeat that and reaffirm that it’s.
Scary and stressful. Did, did you, were there other things that you remember in childhood that like, I know they didn’t talk a lot about money, but were there other things, did you know that your parents talked about money? Like was, or was that a conflict or do you remember anything else? Besides don’t ask and don’t look.
Chloe: [00:09:48] Yeah, for sure. So I knew. I would say, I knew my place on how we fell on the financial scale of like, how we were doing. I knew, and I remember feeling embarrassed about where we were when I would go to school and all the other kids would have like the Lisa Frank. Right. That was like the cool thing. The Lisa Frank binders.
And I had the off-brand ones because my parents had said, well, you can’t afford that. Like, we can’t afford to have that. And so I remember I, I connected, okay, we can’t buy this, which is what I was told to I’m embarrassed because other people can.
And so I remember tying a lot of shame to where we were at financially and also understanding I’d hear my parents say all the time, like no matter, you know, no matter how hard you work, like that’s just how it is and not just what it is.
So not only was I tying that where we were at. Made me feel embarrassed, but I also tied it to, I will always be this way, like this is what’s possible for me. I will grow up work really hard, but no matter how hard you work, this is what the, what is my reality. And so that was a big one for me too, because.
When that’s your belief, you make all of your decisions based on that belief. And those decisions leads your outcomes, which are then staying in that same place, staying stuck.
And so everything that I, all of my actions reaffirm that belief that I’m stuck there and I’ll always be stuck there. And so it was just one of those things where it was like just, I was caught in this self fulfilling prophecy.
Like a lot of people are without realizing. That were on autopilot from the beliefs that we created at eight years old with an underdeveloped brain when we were like running around and watching lion King with no pants on like go through. And if you’re not updating them in your, you know, as you’re an adult, your life will continue to run on this autopilot real based on those same beliefs.
Bob: [00:11:45] Yeah, absolutely. And I think even in college, they don’t really tell us Hey, it’s time to shift some of those beliefs that you learned as a kid. They just like, let us loose. Right. And so what. What prompted you to get conscious? That started to get you intentional. That started to get you curious about wow. I’m reaffirming these old beliefs.
Chloe: [00:12:08] Yeah. So honestly, I would say I was kind of like, you know, forced into it by the universe is how I would put it because when I first started trying to figure out my finances, which at the time I was like, Going through a breakup. And I was just, I felt so out of control.
And like, that was the thing I latched on to was if I just could get control over one area of my life. And for some reason I chose finances, then I would at least feel more in control, like total. So that was kind of what started me with finances. But at the time, I thought all of this belief and mindset and like me and I thought all of that was just complete, you know, false.
And I thought it was dumb. And I was like, who would, Oh, you’re just going like, think your way out of it and change how I’m thinking. I thought I was done. I did. And so I tried to very, you know, masculine energy. I tried to systemize my way out of it and like, well, just a cool we’re married, you know, all this and.
I would pay off debt and I would do this and I kept hitting these roadblocks where I would reach a new goal. And then I would self sabotage back to where I was. I’m like, why am I doing this? I know how to budget. I know how to do this, but what’s wrong. And so that’s when I started being like, are right.
Like maybe I should try figuring this out. Maybe I should try to like read a book or listen to a podcast or do this just to learn about it. And that’s really when I was doing all of the rates things when it came to the logistical side of it, but I was doing nothing with the mindset side of it and I kept bumping up because.
You know, the logistics can only get you so far until you are going to literally self-sabotage back into this normal zone that you’re used to, and that your beliefs will allow you to only grow within those boundaries. So that was really when I was like, all right. And then I started to kind of play around dabble in this whole mindset arena.
And I started having these massive breakthroughs and that’s when I was like, Holy cow, there’s something to be said about having the practical and having the mindset. It was just this unstoppable force that I’d never felt before.
Bob: [00:14:20] That is so awesome. And I’m curious as you’ve had success did the relationship with your parents change? Did they get nervous for you? Did they still like home Chloe be careful be careful. Or did they go, Hey, look what she’s doing. Let’s try that too. Like how did that dynamic change?
Chloe: [00:14:37] For sure. Yeah. So we joke about that. I’m really close with my family. We joke about this all the time. Especially when, so I was in corporate, I had basically transformed my own finances and I was like, I feel like I discovered the secret, right?
Like a year and a half ago, I was the girl donating plasma for groceries. And now I was debt free. Like how, what, this is crazy. And I thought, if I can do this, I can show anyone else how to do this. I need to write because I just unlocked the secret. That’s how I felt. And so from there you know, I was like, I want to start a business.
I want to, I really am passionate about this. I’ve always loved entrepreneurship. And so I, I started the company deeper than money that I own now, a financial literacy company. And, you know, my parents were like, that’s a cute little thing you got going on. That’s a fun little hobby. I was like, I’m serious.
This is going to be big. And I told my parents about like, Two months into starting this business. I said, I’m going to quit my job in six months. And I had this like, steady, great corporate job that I really liked, but I just knew I wanted to be an entrepreneur. And they were like, you can’t do that. That’s I mean, that’s crazy.
Why would you leave your steady corporate job? Why would you do this? And I was like, listen, those are your beliefs. I appreciate you projecting them onto me. But like, I’m just watching me.
And it had always been my lifelong dream to retire my mom from her job to come work for me. And so I was like, just wait, I’m going to figure out how to be a full-time entrepreneur and then I’m going to hire you.
And they’re kind of like, yeah. Okay. So six months later, I quit. My corporate job, grew my business to six figures within the first year. And then a year after I was able to retire my mom from her to to come work for me full time. And so I think that was a really big moment for them when they were like, they kind of joked that they were like, we just kind of stopped doubting.
Like we still had our beliefs about what was true, but you just seem to like break all of them. And so whatever. So I think that when I kind of like earned kind of had my credibility of like, if I tell you I’m going to do something, I’m going to do it. But I think also it’s just it, I questioned them a lot and they, I mean, you know, they always are like Chloe, but I’m, I’m, I’m always doing it and they’ll say, well, you can’t do that.
Or like, they can’t do that. I’m like, well, why. Like who, who told you that? Is that true? Or like, do you believe that? And they’re like, Oh, okay, fine. It’s a belief that I’m choosing this belief. And so I don’t think that it’s necessarily you know, it’s one of those things where I now feel confident enough to have those conversations where before I was like, I’m still learning this.
So who am I to question you and all of this? And so now it’s more of this like fun, playful banter where we. We talk about money openly. And even though it’s still is uncomfortable, uncomfortable for them. A lot of times I still make it happen. I mean, we’re at the family dinner, you know, dinner table and I’m like, Oh, you got to come to us.
How much was it? Let’s talk about it. Like, I’m all, you know, I’m all about like the transparency. And so it’s been a really fun dynamic. And also I’m just so proud of them. Because of how many moves they’ve made with finances since I’ve started doing this. And since we started having conversations about working toward their retirement or making this decision over this, and so it’s been just such a fun and I’m a big believer that.
When you heal your finances, it’s not just about you. You’re healing, future generations, you’re healing your kids, you know, like their stuff or your future kids, but you’re also going back and like healing that those generational cycles that you likely have been stuck at.
Bob: [00:18:10] Yeah, absolutely. I definitely agree that you’re healing the bloodline forwards and backwards. And I’m curious because I think this is so important for people out there. How did you start to make the distinction that. Is this true? Or is this a belief? Right? Because that’s an important question. And I asked this question, but like when was that moment to be able to say to your parents, is this a belief?
Because a lot of times it is right. Most of our information is belief. I think only like maybe something like 12% is actual fact. And the majority of it was just like, no, no, no, that’s what I read. So it’s true.
Chloe: [00:18:45] Yeah. Yeah, for sure. So I have this worksheet that I make my clients go through and I give them no guidance before at all I say is here is You know, here’s a document. It has like 50 different things, 50 different sentences statements, if you will. And I tell them, write a T if it’s true, if it is a hundred percent true and read to be, if it’s a belief and so, all right. Things like that is bad. There are seven days in the week. Gravity is real. You’ll always have debt I’m bad with money, like all these things.
And I say, don’t overthink it. Just write. Is it true? Or is it a belief? And then afterwards I tell them. You know, the actual difference of like things that are true are true for everyone, no matter what, no exceptions things that are a belief are something that you can change. They can be true for you and your life, or they can not be true.
Right. And so if they say, and then we’ll challenge them, so somebody will say, well, I will always have student loans. And so I’ll say, okay, do you know, is that true for everyone? And they’ll say, well, You know, that’s not true for you or that’s not true for her. And I’m like, okay, well then how come if it’s true, how come it can apply to you?
But it can’t apply to her. Like, can gravity only apply to some people here? Like how does this, you know, how this, or like the I don’t know. And it’s hard to, it actually is really hard to like, find things that are true, like off the top of your head, because
things are actually true, which is crazy. Well, no then, I mean, I guess it doesn’t apply to everyone, so then it must be a belief and then I’ll say, cool. Is that a belief that you want to keep, or is it one that you’d like to update? Because there are beliefs I want to keep, right? Like there are things I believe about quality and about loving people and about that, that I want to believe.
I want to keep. But there are some beliefs that are stopping me from getting the thing that I want, or like a cheating, the bowls I want. And so those are the things where I’m like, okay, let’s challenge that first. We have to get the person or whoever to understand and realize like, okay, that is a belief.
So that’s step one. And a lot of times the struggle is updating it. Instead of install all encouraged people, including my parents or whoever to say, instead of going from I’ll always be in debt to, I will become debt free in a millionaire and everything will be great and whatever. Just change it to, I can pay off debt.
And then from there you can change it to I’m going to pay off debt. And then from there you can change it to I’m worthy of being debt free or I’m worthy of this school. And you can constantly go instead of going from a to Z, go from a to B and then B to C and that, you know, and then keep updating this belief until it’s this belief that really serves you and there’s even beliefs where, you know, Three years ago, I made a belief and I updated it and I was like, wow, this is crazy.
I can’t put them up into this new belief where I’m like, I didn’t know what that new belief, that new belief socks I want do that even further. And so really having those conversations with my parents to w which was your original question about just saying like, okay, now that we’ve identified, it’s a belief.
Is that a belief that you want to keep? And is it, is it something that you’re willing to, to update.
Bob: [00:21:46] Yeah, absolutely. Well, I, as you were talking, I’m realizing, okay, now I see why Alyssa says we are so aligned. You know, I also talk about this a, to B instead of a, to Z. And I don’t know that it’s just millennials.
I think it’s everybody. It may be more true for millennials just because social media and all of those kinds of things, but so many people want to get to Z. And or so many people have a goal of, I’ve gotta be Uber rich and is getting rich a great goal.
Chloe: [00:22:21] Oh, I love that. I love that. So this is what I tell my clients a lot of times when they will say.
Because a lot of times when they’re thinking I want to get to Z, they’re also thinking, Oh, this process is taking so long. I’m just so sick of this. I just want to have that all now. Okay. So let me give you an example.
I had a client last week who she’s a nurse and she’s like, Chloe, I just want to be done. Oh, it’s like so frustrating. I don’t have that goal right now. I’m working so many overtime shifts. I take overtime every week. I’m never taking breaks. I’m so exhausted. I just want to have a break. And like, I just want to like work until I bull, I need to be debt free. And I’m like, okay, cool.
Why do you want to be debt free? She’s like, what do you mean? So I can be debt free. I’m like, okay. But why do you want to be debt free debt free is literally just the number in your account. Like, why do you want that? She’s like, I want to be debt free. So I have more freedom. And I’m like, okay, let me get this straight.
You are giving up all of your freedom. Now you are taking all the overtime shifts you were saying no to your free time. I can not have freedom. I can not have this in order to have freedom. Is that right? And she’s like, well, and so that’s what I tell people all the time is like, Being debt free is a cool goal.
That’s great, but that’s being, money isn’t the goal. And it should never be the goal. Money is a tool to help you get the goal. And when we focus too much on the money, we focus on being debt free. We focus on paying off that credit card or doing this that we forget that the real goal is freedom. The real goal is happiness.
The real goal is more choices, whatever that looks like for you. And so don’t sacrifice. Happiness more freedom, more choices now in order to get that down the road. And I think there’s this really, I mean, one of the biggest things I preach is sustainability. And I have a lot of clients who are so dead set on this goal down the road of like becoming debt free.
That they say no to the vacation or they say no to this. And I ask them all the time, like, Oh, okay. Are you saying no, because you don’t want to go or you say no, because you want to sacrifice that to be debt free. And they’ll say, well, I want to sacrifice that to be debt free.
And I say, okay, when you’re debt free day, and let’s say July 1st, 20, 22, I’m like, okay, what’s the difference of you being debt free July 1st or July?
What’s the difference? And they’ll say, Whoa, I mean, there’s no difference. I’m like, okay. So that’s the timeframe. And that’s the difference. If you going on that vacation that you really want to go to, that you can’t get back. Those memories. So you can say you’re debt free one week sooner and choose that freedom now and still become debt free.
Just maybe move it back a week. Is that worth it to you? And sometimes it isn’t, sometimes it is., but again, my biggest thing is like having that choice, because I did not want you to dread the journey to debt freedom, or dread the journey to becoming a millionaire or whatever that is. I want you to enjoy that journey.
And, and always know that it’s, you have choices, you have choices to buy something. It’s never, I tell my client, they’re never allowed to say I can’t buy that, or I can’t have that. They are allowed to do anything. They’re an adult they’re allowed to buy whatever they want. It’s do I want this instead of this other thing?
Or am I willing to put my money here? Because that’s what I value right now. And if not, okay. Then I choose to not buy that right now. Yeah, and I think it’s so important for people to cultivate the habit of taking the vacation, because if you’re always. Pushing it off to the future. There really is no end date that it’s all going to change.
Right. It’s still going to be well, well, okay. But then this, and then this, instead of actually teaching ourselves to have some happiness or to go have some relaxation or to. To have something that’s really feels valuable to us. Exactly. I joke all the time that I am the worst money coach, because I don’t care.
What’s in your bank account. Of course. I want you to have, I want you to have great goals. I want you to see financial results, which people do, but I want to make sure that you’re enjoying life right now. I want to make sure that you are fulfilled. I want to make sure that you’re you know, I have a lot of clients who they’re miserable at their job and they’re like, my number one goal is paying on debt and like, Awesome.
But I want your number one goal to be making money in a way that feels good and not, I wake up every day and hate life, but I have to do it to make money. Like how can we, how can we work on making sure that we’re dealing with the things that we actually care about? So when we hit those goals, sure still celebration, but we’re not sacrificing so much.
On the way, because exactly what you said that my worst fear is not that my clients don’t become debt free. I know they will. My worst fear is that they become debt free and they still feel that they feel empty or they feel unfulfilled or they feel like they didn’t, you know, they, they missed out or they wasted time.
Like, that’s my biggest fear. And so you know, it’s just so important to realize that it’s, you know, deeper than money, right? Like it’s, it’s not about your finances. It’s so much more than that.
Bob: [00:27:23] Yeah, absolutely. And I’m wondering as you’re sharing, do you think that a lot of people that come to you have an unconscious victim mindset?
Chloe: [00:27:33] Yeah, for sure. And I think we’re taught that in a lot of ways. Like we you know, I have a whole module in one of my programs on you don’t have to, like, you can be the hero without being the victim and not in a, not a sense of like you know, to sh to throw shame or to throw this, but a lot of times we’re taught, you know, for me, I remember I can definitely remember as a kid being jealous of the girl on crutches, because she was getting so much attention.
Like I li I remember thinking that and being like that would be so fun to have crutches because people would feel bad for me and they’d want to like help me and they’d want to be near me. And all of those things where it’s like, Our culture. So often idolizes that story and, and, and in a way that can become unhealthy where it’s almost encourage in some ways to give away our power.
And so, no. Do I think there’s absolutely exceptions to that for sure. Absolutely. And I don’t want to VIX it, or I don’t want to minimize. People who do have that story because of things that have happened to them in their life. But a lot of times what I want to do, and my main goal, especially around money is to make you feel extremely empowered and extremely competent.
And extremely able to make decisions and trust those decisions. And, and I don’t just want to help. I mean, I work primarily with women. I help everyone, but I don’t just want to help women become wealthy. I want them to feel wealthy and I want them to feel confident and I want them to feel those things.
So they don’t have to go back to those old stories that aren’t serving them, whether it’s a victim story or, or, or not.
Bob: [00:29:08] What’s one of your favorite success stories with one of your clients? Oh my gosh. Where to start? I have so many I just recently this is top of my mind because I just talked with her yesterday.
Chloe: [00:29:19] So one of my clients, she graduated from our, our signature program as wealth accelerator. It’s like our transformational program. She graduated from wealth accelerator a year ago since then she’s paid off a hundred percent of her debt. It was like over $30,000 of credit card debt, student loan debt. She started a business.
Her business is booming. It’s growing like crazy. And she’s like, I’ve been able, I, you know, I took a trip, I bought a Peloton, I did all these things and she was talking to me and she was like, it is so wild to me that I have so many money. When I paid off my dad, I did this, all of this up and I have an emergency.
I have a fully funded emergency fund. I have this. And she’s like, and I, those things seem to matter less and less and less to me. ’cause I, I feel like I feel more and more empowered that I can do anything. I want to, that I have so much more freedom and so much more choice that even though those things are so cool and I’m so proud of them, they matter the least to me.
And to me, that is like the best testimonial that I could get, because it just shows that, and it happens all the time. My clients I’m like, what are your top wins? And they’re like, I’m happy. And I’m like coming from the girl who just paid off $15,000 of credit card debt, that’s her biggest wind. Like that makes my heart just explode because these people who come into my programs and say, all I want to do is pay off my credit cards at all I want to do is do this.
I want to learn how to invest. I want to do this. All of a sudden, you know, they like raised, they lift their eyes and see the bigger picture and realize, well, like that’s not the point I was missing it and now I get it. So that, to me, those will always be like my favorite success stories. That is so awesome.
Bob: [00:31:03] I love that. And I’m wondering, because you work with a lot of women, does the conversation about gender ever enter the conversation?
Chloe: [00:31:11] Sure. And I mean, I definitely consider myself a feminist. But I, one thing I’m really passionate about is making sure the conversations are all about ways that you can have more power and not ways of not disempowering.
And so what I mean by that is I cannot dismantle all the problems or all of the systems in place today. Right. I can’t just manage, you know, dismantle the patriarchy in one day. I can’t do that. But what I can do is have the conversation and say, Hey, you know, women are X amount, less likely to negotiate their starting salary.
Let me teach you how to negotiate your starting salary. So you can make sure that when you’re going to get a job, you’re starting at the same place as your male counterparts who are more likely to negotiate. Instead of saying, Hey, you know, you’re, you’re less, you’re going to make less. And that’s just how it is because you’re a woman, you know, that’s the conversation that I want to have is one of the, here’s the statistic.
Here’s what we can do about it. And here’s not only what you can do about in your life, but go and talk to your friends about it. When you’re at brunch with your girlfriends, ask them if they’re going to negotiate their starting salary. If you have a friend who’s doing this, have those conversations and let that be a conversation.
That women can claim too. I joke about this all the time, but the only people that asked me about finances in my personal social life are men, men talk to me. Hey, you know, what do you think about Tesla stock? What do you think about this? Or, Oh, you’re the money girl and have conversations. And while I love those conversations, they’re always with men.
And if there were, if I’m having those conversations with women, I’m starting that and I’m okay with that. I love it. But that’s one of my big things is I want more women to make money, a conversation that they claim in their normal day-to-day life. Because I think that in so many ways, it just increases not only your confidence to talk about it, not only how you advocate for yourself, but just that day-to-day understanding of you deserve to be in those conversations. Just as much as your male counterparts do.
Bob: [00:33:09] I love that? I love, I love the work you’re doing. We have, we’re going to jump to the past five because we’re down to the wire here. So I’m going to ask you five questions. Top, top of the top of the head . No biggie there. What celebrity would you meet at Starbucks for a cup of coffee?
Chloe: [00:33:23] Oh my gosh. Probably Emma Watson, because we just watched Harry Potter last night and I love her. And what would you wish would come back into fashion? Oh my gosh. I don’t know if this has ever been in fashion, but like not wearing matching sweatsuits out everywhere. That’s my dream.
Bob: [00:33:45] And what’s the most daring thing you’ve ever done
Chloe: [00:33:47] , man. Probably either skydiving or quitting my steady corporate job at 22.
Bob: [00:33:57] What’s the worst gift you ever received?
Chloe: [00:33:59] Oh my gosh. I probably have a lot one time an boyfriend of mine when I was younger, gave me a used gift card that he didn’t want anymore for my birthday,
Bob: [00:34:11] Did at least have all the money on it?
Chloe: [00:34:12] Or there was like $32 and 16 cents on it.
Bob: [00:34:19] That’s cheap. Oh my God. If you can travel back in time, where, what year would you travel to and why?
Chloe: [00:34:28] I think I, as long as I wouldn’t change anything about the future, you know, like if you travel back in time and you like take a step on the ground and then, you know, like all of the, like Malcolm Gladwell, but I wouldn’t want to change anything, but I think I would honestly just go back to my childhood to a time of like being very innocent and naive about just.
Playing in the backyard and like being so carefree. I think that’s one of the biggest things I’m working on this year is having more play and more fun time. Instead of constantly being like hustling for this goal, working towards this, doing this, I want to do last, be more just in the now and the right now.
And so I think probably just as a kid playing in my back, playing tag in my backyard.
Bob: [00:35:07] Oh, that’s awesome. That’s awesome. I think we could all use a little bit of time travel for that, for sure. So we’re at our sweet spot, our M and M moment, our money and motivation. Can you give the listeners a practical financial tip or a piece of wealth wisdom? Something that they can take away?
Chloe: [00:35:22] Absolutely. I think if I’m going to give one piece of advice, it would be that your dream isn’t stupid. One of the biggest things that I’ve learned, especially working with women is that once they figure out finances, oftentimes they’ll tell me a dream of theirs. Once they do that, they told themselves that isn’t possible because I’m in credit card debt.
That isn’t possible because I need this job because I need the money. And so a lot of times I’ll hear. Well, I mean, it’s always been my dream to start this business or do this, but it’s just so stupid. Like I could never do it. And my belief is that if it’s on your heart, it’s put on your heart for a reason that you were meant to go and do that.
And so I’m just always remembering that whatever it is, no matter how big or small. Put it into the world, write it down, tell your friends, tell your partner and just start making steps towards it because it’s not stupid. If it’s on your heart.
Bob: [00:36:11] I love that. I think that is so important. And I think that holds so many people back because they do have that belief. It’s stupid. People will laugh. I’m not worthy. So, Oh, that’s I love that. I love that. Well, you know, I. This has been such an amazing conversation, and I love that your company is deeper than money. Because I too believe that money is an amazing thing. It helps us it’s a tool for a lot of resources to be able to help other people, to retire our parents to do all kinds of things, but it is deeper than money.
And. This awareness that you’re sharing with people and this empowerment that you’re teaching people it’s out there, it is possible for everybody. And that we just have to be willing to do some of the work and know that we’re not going to get from a to Z in one easy step that we’re going to have to go from a, to B and B to C.
But that it’s doable. As long as you know that you’ve been holding onto beliefs that aren’t serving you. Yeah, this is just it’s awesome. I love what you’re doing. Where can people find you online or social media?
For sure. And th this was so fun to chat. I mean, I, I feel like we could have done this for like two hours and it would have fun.
Absolutely. I can go for the whole day. I can go the whole day. But,
Chloe: [00:37:27] yeah, so we are, we’re deeper than money. You can search us on any social media platform. My favorite platform is probably Instagram. You can find me if you searched for the money, it’s deeper periods and period money. But really wherever you hang out, we’re there.
We have a podcast for the money podcasts, with a free Facebook group that we, you know, go live and answer questions. And so any social media, whatever’s your favorite? Search on us. And yeah, tag me if you’re listening to this tag me in it. So I can say hi, answer questions and just hear your thoughts on it.
Bob: [00:37:57] Absolutely. Well, we’ll put all that in the notes and we will definitely push out all that information because we want to help you on your crusade because I, again, I think what you’re doing is awesome and especially women need to know that it’s possible that they can do it. So I really, really Applaud what you’re doing.
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If you’re watching this episode on YouTube, don’t forget to like comment and subscribe. For many more tips tools or to learn how to have a healthier relationship with money, visit the money nerve.com. That’s nerve not nerd. Chloe, thank you so much for taking the time and sharing with our listeners. I, you bring a lot of wisdom and I, I really appreciate what you brought.
Of course. Thank you so much for having me. This was wonderful.