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Embracing Financial Challenges with Cary Carbonaro, CFP®️

Welcome back to the show! In this episode, we delve into the importance of maintaining a long-term perspective in finance and how women can empower themselves to take control of their financial futures.

Key Points:

  • Long-Term Perspective: Financial planning isn't just about the present; it's about laying a foundation for the future. Whether you're 18 or nearing retirement at 68 or 70, having a long-term vision is essential. The journey from youth to retirement spans decades, during which you'll encounter various economic climates and life events.

  • Insight: Consider the experiences of older investors who've weathered economic downturns and policy changes. Their wisdom underscores the value of enduring perspective.

  • Empowerment Through Financial Literacy: Many women face apprehension when it comes to engaging with finances. Overcoming this fear involves shifting one's mindset to embrace financial challenges as opportunities for growth and empowerment.

  • Action Step: Start by recognizing your worth and the impact financial stability can have on your life. By taking proactive steps to understand and manage your finances, you're investing in your future and gaining greater control over your life choices.

  • Building a Support System: Surrounding yourself with a supportive network can make a significant difference in your financial journey. Whether it's seeking guidance from trusted advisors or connecting with peers who share similar goals, building a social structure can provide encouragement and accountability.

  • Advice: Foster genuine connections with others who share your financial aspirations. By cultivating a strong support system, you can navigate challenges more effectively and celebrate successes together.

  • Supportive Relationships: The role of partners in supporting women's financial empowerment is crucial. Husbands, boyfriends, and family members can play a pivotal role in encouraging women to pursue financial literacy and independence.

  • Encouragement: Supportive partners recognize the importance of autonomy and self-care. By championing your financial goals and encouraging personal growth, they contribute to your overall well-being and success. Quotes:

  1. "But if anyone does not provide for his relatives and especially for members of his household, he has denied the faith and is worse than an unbeliever." - 1 Timothy chapter 5 verse 8

  2. "Being around finances is like osmosis because it was part of what we did." - Cary Carbanaro

  3. "I just always knew that I was good with money. So not only was I good with money, but I wanted to help other people be good with money." - Carry Carbanaro

Top Three Financial Tips:

  1. Manage Credit Wisely: Avoid carrying credit card balances whenever possible. By paying off your cards in full each month, you'll avoid unnecessary interest charges and maintain control over your finances.

  2. Know Your Numbers: Take charge of your financial situation by understanding your income, expenses, and overall net worth. Tracking your budget and monitoring changes in your net worth over time can provide valuable insights into your financial health.

  3. Seek Professional Guidance: Don't hesitate to seek assistance from financial professionals when needed. Whether it's managing investments, planning for retirement, or navigating major life transitions, working with knowledgeable advisors can provide clarity and peace of mind.

Closing Thoughts:

  • Overcoming Adversity: Facing financial challenges can be daunting, but it's essential to remember that resilience and growth often emerge from adversity. Seeking professional support during difficult times can help alleviate stress and guide you toward a brighter financial future.

  • Looking Ahead: As you embark on your financial journey, remember the importance of perseverance and self-care. By prioritizing financial literacy and seeking support from trusted advisors and loved ones, you can navigate life's uncertainties with confidence and resilience.

Book Announcement: Stay tuned for Cary's upcoming book, which explores her personal journey through financial adversity and offers insights into overcoming obstacles and achieving financial empowerment.

Thank you for joining us on this episode! Remember, your financial journey is a marathon, not a sprint. Keep moving forward, and don't hesitate to reach out for support along the way. Until next time, take care and stay financially empowered!

Are you ready to take control of your financial future? Start by implementing Carrie's advice today:

  • Pay off credit card balances monthly to avoid unnecessary debt.

  • Create a budget to track income and expenses effectively.

  • Seek professional financial guidance to navigate challenging situations and plan for the future.

Remember, your financial well-being is within reach. Take the first step towards financial empowerment today!

retired couple reviewing their investments


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About Financial Advisors Say The Darndest Things Podcast:

As Christians, we were taught to be good stewards over our tithing and giving to the less fortunate. But when it came to our personal finances and investing we were left clueless on what the Bible says. What does the Bible say about managing debt, leaving a legacy, investing, and planning for your retirement? Mr. Christian Finance answers these and many other questions because we want to teach you how to become rich and righteous!

Meet A.B. Ridgeway:

A.B. Ridgeway with his hands up

A.B. Ridgeway, MBA ( is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and tithing. A.B. Ridgeway helps tithing Christians become cheerful givers but unlocking their money-making potential, so they can prosper and be the great stewards of the wealth God has entrusted them with.

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

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