Episode 366: How To Bounce Back from Financial Setbacks and Adversity w/ Lynnette Khalfani Cox

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 20 March 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we chat with personal finance expert and author, Lynnette Khalfani Cox, who discusses how to overcome financial setbacks and adversity. She outlines 10 common challenges people face that negatively impact them financially & emotionally, which she calls the "dreaded Ds". Lynnette provides us with some key strategies for bouncing back and assures us that there are always ways to recover and build resilience after a setback; focusing on your mindset and emotional health is the first step.

In this episode you will learn:

Strategies for bouncing back such as: Leveraging your network & connections to find opportunities, cutting expenses and finding ways to earn extra income, prioritizing your goals and tackling them one at a time + others.
A breakdown of the 10 common challenges people face that impact our money- the dreaded D’s
Examples of how to switch & save money in areas like healthcare, food, phone bills, & childcare.
How discrimination in housing, jobs, and lending can significantly impact someone's financial situation + more

Transcript

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0:00.0	If it's discrimination against women, if it's discrimination against black people,
0:06.5	it's discrimination against somebody who is otherwise able, if it's discrimination
0:11.0	against somebody who has LGBTQ identification or status.
0:16.2	You have to call it out because being silent lets the problem continue.
0:22.0	T minus 10 seconds.
0:24.0	Welcome to the Journey to Launch Podcast with your host Janila Sufrantz as a money expert who walks
0:30.6	her talk.
0:31.6	She helps brave journeyers like you get out of debt, save, invest, and build real wealth.
0:38.0	Join her on the journey to launch to financial freedom in...
0:42.0	Five, four, three... launch to financial freedom in five four three two one.
0:47.0	If you want the episode show notes for this episode go to
0:57.0	Journey to Launch.com or click the description of wherever you're listening to
1:01.8	this episode.
1:02.8	In the show notes, you'll get the transcribed version of the conversation,
1:07.3	the links that we mentioned, and so much more.
1:10.2	Also, whether you are an OG journeyer or brand new to the podcast, I've created a free jumpstart guide to help you on your financial freedom journey.
1:19.0	It includes the top episodes to listen to, stages to go through to reach financial freedom, resources, and so much
1:25.2	more. You can go to Journeytolaunch.com slash jumpstart to get your guide right now.
1:31.6	Okay, let's hop into the episode. Hey hey journeyers welcome to the
1:38.0	Journey to Launch Podcast I have on the esteemed guest that has been on a few times.
1:44.1	I don't know if you know this, but this is your fourth time
1:46.4	that I can count.
	...

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