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338: Money Management with Rick Webster from Rena-Fi

338: Money Management with Rick Webster from Rena-Fi

01:04:022020-09-01

Om avsnittet

Financial management is really emotional management. Welcome to this episode of with your host Eric Tivers and his guest, Rick Webster. Rick is the CEO and Founder of Rena-Fi and has spent the last two decades deeply involved in the ADHD community, helping people with ADHD find solutions for their own challenges. Rick is on a mission to help people find their path to financial freedom. Rick shares his ADHD journey, what prompted his diagnosis, his background in financing, and where the interest in financial matters came from. Rick believes that you need to stay in touch with your creditors when you can't pay, don't put your head in the sand and hope it will go away. Listen, as Rick gives some tips and tricks to help you get control of your budget, don't be afraid of your accounts, check them every day, and some simple ways to track your spending, which is the first step in figuring out a budget. Rick also talks about some tools that can help you with tracking your expenses. Rick speaks about paying back IRS taxes, putting money back for retirement, and how to know if you can afford a new car. He shares some insights on mortgages, the end-of-life conversation, and to hire a bookkeeper or someone else if you are struggling with keeping your accounts up to date. Listen as Rick shares what his company is about and what they do to help people who are overwhelmed with their financials and need someone to dig them out of the abyss they have fallen into. This is a conversation you don't want to miss if any of this resonates with you. You'll learn: [02:17] Welcome to the show, Rick! [02:49] Rick shares his journey with ADHD and how his life fell apart before his diagnosis. [03:32] What is your background in financing? [05:03] Rick shares where his interest in financing matters came from. [07:20] Financial management is really emotional management. [08:34] Rick discusses the need to stay in touch with your creditors and pull your head out of the sand. [11:40] What do you recommend for people to get over the overwhelm of taking control of your budget. [14:43] Eric says to touch the financial stuff every day. [15:09] Rick speaks about people with ADHD being afraid of checking their accounts. [16:50] What are some simple ways people can track their spending? [19:14] Eric speaks about not knowing how much he has been paying his accountant because he wasn't paying attention. [20:01] Rick shares some automated tools he recommends for helping keep track of stuff. [22:36] Take half of your discretionary money and put it in your savings, year after year, and fifty percent of your raises. [27:32] What do you recommend for people who haven't paid taxes for a few years? [31:02] Reaching out to the IRS is less painful than emptying your checking account if you keep ignoring them. [32:44] Rick speaks about how to know when you can afford a new car. [38:21] How do you help people who have put nothing back for retirement? [40:27] Don't save your extra money in your twenties, but in your thirties, save 50% of your raise, and you will do great at retirement. [41:53] Rick discusses mortgages and whether you should pay more each month. [44:59] Rick speaks about other ways to manage your debt. [46:47] They talk about end-of-life care. [48:22] You are your own best payer; paying your debts is better than investing elsewhere. [50:53] If you struggle with math, hire a bookkeeper to help you. [52:13] Rick talks about other professionals that can help keep you on track. [55:04] How can you not pay someone to help you get your financial life straightened out? [57:37] Rick speaks about his company and what they are about. [59:01] Rick, thank you so much for being on the show! [59:49] If you are a regular listener, consider becoming a patron click on our Patreon tap at Find Rick: Use my Audible.com affiliate link for your favorite titles: ADHD reWired Coaching and Accountability Groups The 16th season of the ADHD reWired Coaching and Accountability groups are ending soon.  ArC 17 Summer Sessions run July 11th – Sept. 19th.   We only have 9 spots remaining. Please visit to learn more and sign-up for our Last Scheduled Registration Event on June 11th at 3 PM CT.  You don’t want to miss it! Support the Podcast on Patreon Patreon allows listeners like you to support content creators like me. With a monthly contribution, you can get access to different levels of perks.  One perk example is our Patron-only Group Coaching Sessions.  Learn more at . ADHD reWired Facebook Group: If you would like to apply to join the ADHD reWired Secret Facebook group, go to and fill out the application. Productivity Q&A Get your ADHD questions answered live! These Q&A sessions take place on the 2nd Tuesday of every month at 12:30 PM CT. Go to Want to be a guest? Hey! What about you? Do you have a story? Are you a coach? Are you an ADHD Clinician? If you answered yes to any of these questions and you’d like to be a guest, .

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