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Make smart choices about your money, time and productivity

May 14, 2018

#129: Laura Adams grew up in an upper-middle-class family in South Carolina, and her parents supported her through college. She attended her top-choice school, met her husband while they were still students, and enjoyed a charmed life.

When she graduated, she continued to live at a lifestyle to which she felt accustomed. She rented a beautiful apartment. She took vacations. When she felt lonely, she comforted herself with shopping sprees.

Unfortunately, her spending habits weren't aligned with her meager post-collegiate, entry-level income. Laura quickly found herself buried under thousands of dollars of credit card debt.

She began feeling anxious about the debt. Fortunately, Laura channeled that anxiety into action.

She cut back on discretionary spending. She watched her monthly mortgage payments fall. She focused on ways to earn more.

Every time she'd free a small chunk of money -- a hundred here, a hundred there -- she made an extra payment on her credit card balance. Eventually, Laura wiped out her debts.

She decided to become a "serious student" of finance. She returned to school for an MBA, where she noticed that many of her classmates were intelligent, hardworking students who were superb at managing corporate balance sheets, but terrible at managing their own personal finances.

She decided to spend her life solving this problem.

In 2006, she began writing about personal finance; in 2007, she started a personal finance podcast; by 2008, she was invited to join the Quick and Dirty Tips Network as the host of the Money Girl Podcast.

Her podcast on personal finance has been downloaded more than 40 million times. Laura has also authored several books on money management and appeared on more than 1,000 media interviews on NBC, FOX, Bloomberg and more.

How did Laura transition from wearing "financial blinders" to a renowned financial expert?

What advice would she give to anyone who's trying to overcome the "ostrich," head-in-the-sand mindset around their money?

What important money issues are we not talking about enough?

Find out in today's episode.

For resources mentioned in today's episode, go to