How to Take Control of Your Debt with Nicole Stanley
Managing debt can feel overwhelming, but with the right approach, you can take control of your finances and work toward financial freedom. In the latest episode of The Money Exchange Podcast, I sit down with Nicole Stanley, founder and head money coach at Arise Financial Coaching. Nicole shares her personal journey of overcoming debt, building wealth, and helping others do the same through accessible and shame-free financial education.
Nicole’s Journey to Becoming a Personal Finance Expert
Nicole’s path to financial coaching was shaped by her own experiences. Growing up, she witnessed the struggles that financial instability can bring, which motivated her to find a way out of debt. Through trial and error, she discovered practical strategies to pay off her own debt and build a more secure financial future. Now, she helps others do the same by equipping them with the knowledge and tools needed to make informed financial decisions.
How One Can Overcome Debt
Nicole shared valuable insights on how to get out of debt and create lasting financial stability. Here are some key points from our conversation:
- Understand Your Spending Habits
Before thinking about earning more, take a close look at how you’re spending your money. If you have a spending problem, simply starting a side hustle won’t fix it. Managing your expenses and making intentional financial choices is the foundation of debt repayment. - Automate Your Debt Payments
One of Nicole’s top tips is to automate your debt payments. By setting up automatic transfers, you ensure that payments are made on time, reducing the risk of missed deadlines and extra fees. Plus, it removes the stress of manually keeping up with multiple bills. - Choose the Right Side Hustle
If you’re looking to increase your income, pick a side hustle that aligns with what you naturally enjoy and can do easily. This makes it more sustainable and enjoyable, increasing your chances of success. - Financial Freedom Impacts Every Aspect of Your Life
Taking control of your finances isn’t just about paying off debt—it’s about creating opportunities and reducing stress. When your finances are in order, you have more freedom to make choices that align with your goals and values.
Nicole’s Mission to Empower Women
As a Latina entrepreneur, Nicole is passionate about making financial education accessible to women. She believes that when women build wealth, they transform not only their own lives but also their communities. Through Arise Financial Coaching, she provides support and resources to help individuals break free from debt and create lasting financial security.
Listen to the Full Episode
If you’re ready to take control of your debt and gain financial confidence, this episode is a must-listen! Tune in to The Money Exchange Podcast to hear Nicole’s full story, her expert tips, and actionable strategies you can start using today.
