Money Mom Podcast
Welcome to The Money Mom Podcast—the ultimate guide for moms who want to take control of their finances, crush debt, and create a life of financial freedom and abundance. Hosted by Rachel Coons, a budgeting expert and mom of three, this podcast is your go-to resource for practical tips, mindset shifts, and empowering strategies to help you manage your money with confidence.
Whether you’re navigating grocery budgets, tackling debt, or dreaming of building wealth for your family, each episode offers bite-sized, actionable advice to make money management simple, stress-free, and even enjoyable. With relatable stories, expert insights, and a dose of mom-to-mom encouragement, you'll learn how to transform your finances—one small step at a time.
Tune in every week to discover how to save more, spend smarter, and feel empowered to create the financial life you deserve. Because when moms thrive financially, families flourish.
Money Mom Podcast
86: Money Lessons Women Were Never Taught... And How to Build Wealth in 2026 With Madison Aldini
As we close out 2025 and set our sights on an abundant, empowered 2026, this episode is the perfect way to reset your mindset, refresh your money goals, and learn how to actually build wealth in the new year.
Today on The Money Mom Podcast, Rachel is joined by special guest Madison from New Money Madison. A money + mindset coach who blends neuroscience, personal finance strategy, and manifestation to help women become first-generation millionaires.
Together, we dive into:
💸 How to start 2026 feeling financially strong
🧠 Money mindset shifts that change everything
📈 The simple truth about compound interest, investing, and building wealth
🔥 How to navigate debt, fear, and uncertainty with confidence
🙌 Why women are uniquely powerful investors
💡 What to do now to take advantage of market dips
🛠️ The exact steps to start investing without confusion or overwhelm
Madison also shares her personal story... from moving out at 17 to paying her way through college to completely transforming her financial life and how she now helps women rewrite their money identity and build long-term wealth with ease.
PLUS! Madison will be teaching an exclusive Investing Masterclass inside the Money Mom Club on December 9th. If you’re ready for 2026 to be the year you finally feel confident with your money, you won’t want to miss it.
Connect with Madison:
Instagram: @newmoneymadison
Podcast: Busy Getting Better
Join the Money Mom Club & register for the December masterclass:
www.heyrachelcoons.com/moneymomclubsept
xoxo,
Rachel
Where to find me:
Instagram: @heyrachelcoons
Join me for my next LIVE training 'Save $600 On Groceries'!: REGISTER HERE
We are wrapping up 2025 and looking into the year 2026. And so I wanted to bring on a guest expert all about money and investing in the new year and how to set up your personal finances so you feel like you're starting off strong and really tackling all the things that you can in the new year. So stay tuned. Hello and welcome back to another episode of the Money Mom Podcast. I'm your host, Rachel Koons, and today we're gonna talk about, well, we're gonna talk about all things money, but we're gonna talk specifically about money mindset and personal finance and how to set yourself up for success in the new year in 2026. I am bringing on a master expert, Madison, and Madison is a money and mindset coach who teaches women how to master personal finance, rewire their beliefs around money, and build wealth and confidence. Through her new money movement, she blends neuroscience, personal finance strategy, and manifestation to help women become first generation millionaires. So welcome to the podcast, Madison.
SPEAKER_00:Ah, thank you for having me. So excited to be here. So excited for the conversation. I know it's gonna be a good one.
SPEAKER_01:I read your bio and I'm like, yes, this sounds like right up my alley. This is so exciting. And I'm I'm really happy that our we pat we crossed paths on Instagram. Like I just found your account and I was like, oh my gosh, I need to get connected with Madison. I need to have her on the podcast, I need to have her in the Money Mom Club, all these different things. So really excited to chat with you today.
SPEAKER_00:Yeah, me too. I love there's like a small few, right, of women in finance trying to change the narrative and help other women. So I'm always so blessed when the universe collides us so that we can kind of just share our mission and make a bigger impact.
SPEAKER_01:Yeah, and that's one of the things that was I was so drawn to you when I saw your money, like how you approach money, because I think in this space there's so many masculine forms of money coaches. And I could really feel just by looking at your page and just by looking at some of your content, I was like, oh, she totally has that feminine side, and I really love bringing that into my business. And um, so, anyways, but let's hear from you. Let's hear your story. What got you here? Why are you doing this work? Um, and tell us tell us what brought you to this point.
SPEAKER_00:Yeah, oh my gosh. Well, I certainly did not get here because I have a master's in personal finance. I did not work on Wall Street, right? I got here because I struggled with money myself for a really long time. I definitely had kind of like a pain-to-purpose part of my own journey. So I moved out at the age of 17. I became financially responsible for myself while I was finishing my senior year of high school. And I very quickly had to learn how to navigate the world of money, right? I had to pay my bills, I had to file for taxes, um, I put myself through college. So I had to learn student loans, scholarships, grants, all of that. Um, worked multiple jobs to put myself through college and was really just getting by for a very, very long time. When I graduated college, I like to say I was just really sick and tired of being a broke B, you know, like I was letting paycheck to paycheck for so long. I was like, there's gotta be another reality, there's gotta be another option. And so I went into sales, as one does when they want to learn how to make money after college. And I went in incredibly money motivated. Like the only thing I cared about was hitting a six-figure income. And when I hit it a few years in, I just remember having this like wake up moment where I was like, why doesn't this feel the way that I thought it was supposed to feel? And where is all my money going? And what the heck should I actually be doing with it? And that's when I started to really fall in love with personal finance. I started to learn a lot about how the wealthy are actually treating their money. These were conversations I was never privy to. This was information that I was like, whoa, I don't know if you guys have read like rich dad, poor dad, but I was reading that book thinking like, oh my God, my money mindset is poor dad. Like I grew up just thinking, like, just getting by, right? And um at the same time of learning about wealth building and financial independence and financial freedom and investments and all of this vocab that was not part of my world. I was also learning a lot about the power of our subconscious mind and how much our mindset really dictates the reality that we live in. And it was just kind of this like beating my head against the wall of why aren't more women talking about this? Why don't we have this information? I feel like I am a very ambitious person, hardworking person. Like, just tell me what I need to be doing, right? And this information is not super common knowledge. It's getting, we're getting there, right? Um, I've just seen so many people struggle with finances and it quickly became like, I just wouldn't shut up about the power of compound interests, right? I was like telling everybody at work, like, oh my God, do you have your 401k? And what are you investing in? Like, have you heard about this financial freedom thing where like we don't have to work until we're 65? Like we can actually just learn to invest and then that can fund our life, like mind blown. And it eventually just turned into a love for coaching um women and helping other women start to see that because as I started to have more financial confidence and started to see what doors that could open up for me, I just started to see like the impact. Like now I view money as a tool, as a resource to be able to survive but thrive and become the best version of yourself and be able to explore what you came here for. And like there's just so much more to it than just money, but that was essentially it. I started my coaching business and um eventually walked away from my corporate job to do it full time, and it's just been such a journey and so rewarding and so, so fun.
SPEAKER_01:Wow, that is so cool. And I love that, you know, I think we all started in this place of where we weren't taught this in school, right? This wasn't part of our education, and it isn't until we're grown adults making an income where we realize wait, this is I was taught all wrong how to handle money and how to actually create the freedom that I want in life. I remember I took a personal finance class in college, like just rain. I don't know why. It wasn't part of my major, but I was like, oh, I'll take a personal finance class. I think this is important. And I remember calling my dad. This is like when I was 20 years old. My dad was an accountant in a like really successful mutual fund business. I remember calling him when I was, I was like 19 or 20. And I was like, Dad, why haven't you told me to invest in a Roth IRA since I was like 18 years old? Like, why is why am I learning this in college and you haven't taught me this? You know that this is like the secret is getting in early and letting that compound interest, you know, raise over the years. This is like now is the time for me to do this. And I remember telling him, Dad, I'm gonna invest$5,500, which because that was the that was the maximum at the time. I'm investing that every single year because I learned the power when you start early, what can actually happen? And I just was like, why wasn't I taught, why isn't every 18-year-old taught to invest in a Roth IRA? Yeah, it's so simple, it's so easy, but we're not taught to do that.
SPEAKER_00:We're not taught that. And it's so interesting the fact that you grew up with someone in your family that you would think would keep that info to you. I remember when I was sitting there just like Googling like late nights, like, what is a Roth? Like, who is Roth? Like who kind of can be, right? Like, what are people talking about? And I remember having like such a chip on my shoulder, just like, man, it's because my parents never figured this out. Like, if so, they would have passed it down to me. And I just, I was in like a woe is me kind of mentality for a little bit, right? Of just like, I'm having to figure this all out by myself, and it's just me, right? And it was very like shameful, and it was very like, how do I not know this? And I remember the more I started to open up about this, it was nobody's talking about this. Even even the wealthy friends I had, you know, they were like, Oh, you're teaching me this stuff. And I'm like, how is this not common knowledge at the dinner table? Now I tell my husband, like, we're having conversations when we set our kids down in the future. Like, we're gonna be like, here's what this is, right? And here's the power of compound interest because it's something so powerful that when you start to learn it earlier in life, I mean, you could become a millionaire so easy. You could set your kids up for generational wealth so easy. But yeah, it's so interesting that it's not a topic of conversation. And I'm like, we are here, we are changing that, we are gonna make it known. So everyone knows how to leverage this stuff.
SPEAKER_01:And on top of that, like if you're listening right now and you're like, what the heck, what the heck is compound interest? Like, I don't even know what that is. There also is this like funny vocabulary when it comes to the investment world, when it comes to the money world. And I think it's so easy for people to hear the the terminologies and the word, the raw thyroid, you know, they're like, and it gets so confusing and so muddy. And so if something's confusing or if it feels hard, like we're not gonna lean in and we're not gonna wanna be, you know, new students at the age of 30 years old to like learn what this is. And so if that is you, if you're someone who's like, I don't know what they're talking about, I'm so confused. I Madison and I, that's why we're doing the work we're doing, is because I do think there is this like superiority that people like to talk about when it comes to finance and the investment world, and it's to keep everyone else confused, like truthfully. So let's just like pull out the basics. Can you just like tell us the basics of what we're talking about and go back to like if you are brand new, don't let these terms confuse you and get overwhelmed.
SPEAKER_00:Yeah, I want to first reiterate what you just said. I wholeheartedly believe that the financial industry is made to be so confusing so that they can profit, they can create this barrier of entry from lack of confusion or confusion, lack of knowledge, and also uh just take like I don't know, the ability to be able to manage this stuff on your own away from you, right? It's just like, oh, I I'm not smart enough, right? It's this big, confusing, complex thing. So I'm just gonna pass it off. And we live in a really great time where we have so much access to information on the internet that you really can do it on your own and you can learn it. So I just want to reiterate that because I think that that's intentional so that we continue to stay confused and we outsource it and pay additional fees for people, or we just don't get into it and we don't get an opportunity to do it.
SPEAKER_01:So yes, if you are someone who is looking at it hiring a personal advisor, stop. Don't do it unless you have millions of dollars to invest. There's no reason to hire a personal advisor. Learn it on your own, and it can it's so basic and it's so simple.
SPEAKER_00:So yeah, it really is. I love how you said that. Yeah, I'm always like, you know, hot take. Listen, they're out there, they not they're not all bad, but like, do you all need them? Probably not. Probably. Okay, so on a base level, when we're talking about compound interest, Albert Einstein, one of my favorite dudes back in the day, right? He categorizes as the eighth wonder of the world. So those that understand how to utilize it benefit from it, and those that don't do not, right? Those they pay for it. So compound interest is like you, I think everyone's really familiar with compound interest when we think about it from like a credit card standpoint, right? You know how you rack up credit cards and then you've got 20, 28 interest, and all of a sudden it feels like you're making all these payments, but like you're just making the minimum payments, you can't get ahead. That's a really good example of compound interest working against you. And the beauty of investing, especially in the stock market, is you get to learn how to use compound interest to your advantage. So a really good example is if you are investing like$250, right? You could either just be saving that and holding on to it, meaning that you're not putting it into something that is growing in value, right? That's what we're talking about when we're investing. You're taking your money and you're buying something that you're betting on being worth more in the future, meaning that the value is going to go up over time, right? So if you take$250 a month, let's say, and you save that, you just put it in a normal traditional savings account for 30 years, you will have saved about$90,000. In about 30 years, you will have about$90,134, right? Like nothing because savings accounts don't have compound interest working for you. If you were to move that money into, let's say, a high yield savings account, I feel like those are all the rage everyone's talking about those. A high yield savings account means that there is interest attached to that account. So as you put money in there, in this example, you would have about$154,000 in your high yield savings account over 30 years, right? So you put in 90K, now you have 150K. It just means that it's growing with time, right? That interest is working for you. Now, if you were to take that same$90,000 and you invest it into the stock market, which the SP$500 is what we traditionally track, right? That's the top 500 companies in the economy. That means they're performing the best, they're providing the most value. Um, and you are now investing in that, you're investing, you're becoming part owner of all 500 of those companies means you benefit from the growth of those companies over the next 30 years. So you are essentially betting on our economy to continue to grow, which over the last 100 years has grown on average 10%, right? So you put that$90,000 now in the stock market, average 10%. You got over$500,000 for you, waiting for you in 30 years. So it's allowing your money to work hard for you. Like I always say, you are out here working hard for your money. My objective for you is that your money's working as hard as possible for you, right? It's figuring out how to put those dollars to work. And this is what we're talking about when you hear people say making your money work for you in your sleep. It means you put it into something that is compounding, it's growing over time, and you're not trading your time for money for that. And that's what wealth really is is being able to use your time how you want, right? So many of us just get stuck in trading our time for money our whole life. This is what the wealthy do to be able to escape that.
SPEAKER_01:Yeah. And it's and it's not complicated. It's as simple as like signing up for an account on a free website, you know, Fidelity, Vanguard, whatever you want to do, and putting that automatic. I always tell my money mom club members, automate these payments. You know, they just automatically come out of your bank account every single month. Take the money that you're saving from groceries that I'm gonna teach you how to do and put it straight towards that investment. And then you don't have to think about it. It doesn't require any extra energy. It goes straight to the stock market and it just sits there. And this is not short-term, like we're not looking short-term wealth building. This is long term. Just leave it and forget it. And then you open your account once a year and you're like, whoa, we made$50,000 of interest this year. That's so fun. You know, it just is it's easy. It doesn't have to be complicated.
SPEAKER_00:You could really set it up in one day and actually forget about it. There's actually really interesting stats that some of the best performing portfolios are women who do this and completely forget they have an account. Yeah. It's so funny. So we talk about like men and women, right? Masculine, feminine energy. And it's like, I think that like index fund stock market investing is the feminine energy way because like we are busy, we have all these things to do. Men are actually worse in there oftentimes because they have the I want to beat the market and I want to buy this and sell this. And I think that's oftentimes what women think is like you have to be in there all the time. And like they they picture almost like day trading, right? Like you do not have to be a stock reader, you don't even have to understand like what's going on in the economy. You just need to bet on the fact that you think we're gonna be growing time and time again. And like if you don't believe that, you could look at how expensive things were 20 years ago, like that's gonna continue to happen. Things are gonna continue to grow in price over time, value is gonna go up, and the stock market is absolutely going to go up over time when we're talking this long-term investing. So I think like index fund ETF investing in the stock market is absolutely like the feminine way to go because you can just set it and forget it and let it grow on the back end.
SPEAKER_01:Yeah, yeah. And we shouldn't have to, we shouldn't have to be worrying about the numbers all the time. Like it should just be automated. And there also is, you know, there's like different accounts that you can look into. What types there's ways to like decrease your taxable income. There's ways to like compound the benefits of it as well when you get a little bit deeper into it. But honestly, again, like our world is so full of knowledge. There's like Chat GPT, Google, like it's as simple as like asking Google, I have a thousand extra dollars, uh, what should I do with it? And like having them give you the route, if that's what you, you know, it there's low barrier to entry here, and you don't need to make it competent.
SPEAKER_00:I think this is important too, because a lot of times people will be like IRA. So there's kind of like the account that you can pick to put the money in, right? Which is an account would be your 401k, your IRA, a brokerage account. Those are the top three that people have. And if you are somebody who has a corporate job and your company offers a 401k match, that is hands down the best place to start.
SPEAKER_01:Do not pass that up.
SPEAKER_00:Do not pass that up. Literally stop there and do that because that is essentially free money. Like that is what that means is that if your company is agreeing to, let's say,$3,000 for an employer match, you invest$3,000 that year, your company is gonna put$3,000 in. So that's a hundred percent return on your money. You can't find that anywhere else. So that's the first place you want to start. And then you have IRAs, right? And then you have brokerage accounts or other places, but then within there, that's where you go buy the index funds and the stocks and the ETFs and all of that. So it's kind of like, what's the vehicle, right? And then what are you gonna do once you're in that vehicle? So first you just want to pick the vehicle to start with, and then you want to pick the ETF, and then you marry those two and you're set.
SPEAKER_01:Yeah, yeah. So one of the questions that I get a lot when it comes to investing, and you know, people want to start investing, but they're also still stuck in debt. So, you know, they have the credit card debt and they want to get involved with investing, but they feel like, how do I mix these two together? How do I do what's your answer for that?
SPEAKER_00:Okay, love this question. And also, if that's you, I already love you because you're an ambitious girly who's like, okay, but I want to get to the good stuff, right? We know that investing is the sexy side of money, but you've got to lay the foundation first. So again, it's always thinking about how can your money can be working as hard as possible for you. And so through that lens, we have to look at interest, right? So if you're looking at high interest credit card debt, we've got to tackle that first and we've got to build like our future fund, right? Which is what I call our emergency fund. But I don't know about you, I'm not trying to call emergencies into my life. So we're giving a little rebrand. It's the future fund. So you want to build that and you want to um get out of high interest debt, and then we can really start to look at investing. If you jump to investing too soon, it can trigger like such a fear response and it can actually put you almost in a worse spot. Because here's what I love to talk about is that building that foundation, it's a nervous system regulation tool, right? When we're learning to invest, especially if you've never done it before or you haven't come from that, you're doing something new. And anytime we do something new, your brain is going into fear response. And fear drives a lot of the decisions that we make with our money. And so we need to be able to calm our nervous system and be like, yo, we're good. And the way that you do that is by taking the intentional steps of paying off high interest credit card debt, building that foundational like future fund. And then from there, you want to look at like again, the best place to start is that that employer match. Like, you're really not gonna beat that anywhere. So that's kind of the foundation there. Once we get out of high interest debt, now we can start tackling other investments, but really like that credit card's gotta be the first place to start because there's nothing that's gonna outperform 28% interest working against you, right? So that's really what we got to think about. So once you're out of that debt, now we can start to tackle like uh, you know, student loans, mortgages, um, things like that, where it's a lower interest that's attached to it. So that's really the important part that you want to pay attention to.
SPEAKER_01:Yeah, I always say if it's above like 10% interest rate, that's the number one goal. Get that out of there, get out of that out of the way. Throw everything you possibly can at that debt. And then, you know, student loans, mortgages, car loans, those tend to be seven to eight percent, depending on you know where we're at. And those you you can invest while you have those concurrently for sure.
SPEAKER_00:Yeah, and the reason is that if you're gonna go invest that money in the market and it's only present if it's 10% that you're getting back, but your credit card's at 28% working against you, it's just like it's not making the most sense. And what I would also say to the person that's in that chapter is learn to have so much gratitude for being in debt. Like that is one of the best things I can tell you is learn to have a gratitude practice for your debt because being in debt gives you such an opportunity to learn about money, to learn about your own values. There's so much emotion behind debt in regards to like what motivates you to spend. And when you can really figure out what motivates you, um, then you can really use that information. Like I always say that being in debt gave me the springboard to move into building wealth. I was able to learn how to manage money. Like, there's just so many foundational things. And I think debt itself has such a negative feeling, like there's so much shame in it. And it doesn't have to be, right? Most people get in debt because they follow the traditional rules or they just aren't taught about things or like they're doing what they need to do to get by. And so be okay with that and then figure out how to use that information and that chapter as a learning experience to just propel you. And I don't think that I would have gotten to be, you know, as motivated or as savvy with investments if I hadn't had that opportunity to kind of slow down a little bit and teach myself some of those foundational things.
SPEAKER_01:Yeah. And then you're changing your frequency, right? When we're in the scarcity mindset, this negative shame judgment, when we can switch that over to gratitude, like we're literally heightening the frequency of what you are carrying, what how you're approaching the problem. And yeah, the truth is nobody taught you this. You don't have to sit in the shame. There are ways to get out of it, but you it starts with how you show up and how you think about the problem and reframing those thoughts to then empowering thoughts. And gratitude is one of the most empowering thoughts that we can have.
SPEAKER_00:And even if you think you're not grateful for it, I promise you there's something you can be grateful for. Like even if you're like, man, I do not want to learn, like I you learned the lesson that you don't like financing furniture on a credit card. Like that's a big one, right? You spend a$3,000 on a credit card or something like that. Cool, you're not gonna do that ever again, right? So it's just it's always an opportunity to learn for how you want to treat money moving forward.
SPEAKER_01:Yeah, and there's the law of opposites, right? Like when we have those low lows that we experience, it allows us to enjoy the good. It allows us to enjoy the highs. Like you will never feel better than when you start to pay off that credit card. You know, that that feeling is unlike anything else. And you don't get to experience that unless you experience the good and the bad, right? And we have to allow the good and the bad to be in our lives. I think the times that I have learned the most around money, and it sounds like the same for you, is when it was tight. When I made poor decisions, I learned from them. So take this as an opportunity to say, what is what's the lesson I need to learn here? And then learn it and move forward and don't let your past dictate your future. Whatever, what whatever decisions you made in the past don't have to be the decisions you make in the future, but it it requires something to change. Absolutely. And it requires a rerouting of the frequency of the actions, of the behaviors, of the thoughts, all of that as well.
SPEAKER_00:Yeah, absolutely. I always talk about like you're really building a new money identity when you're trying to change your financial reality. Like you get to change that at any time. You get to adopt new beliefs, right? You get to really change the way that you view money, the way you treat it. Like all of it is up to you. That's the beauty of just being human. Like we have the ability to totally rewire our mind and shift our personality and shift everything. It just comes from being intentional and starting to ask yourself those deeper questions and then doing the hard work of making new decisions, taking new action, right? Stepping from a new place. And that's where you can really start to shift things.
SPEAKER_01:As we as we head into 2026, there is a lot of fear in the market. There's a lot of uncertainty. I know I'm hearing the word recession a lot more. My husband and I are like kind of making a game plan of like, okay, if the markets do dip, what are we planning to do? How are we gonna, you know, adjust how we hold on to cash and things like that? So, what is what are your thoughts with unease in the market?
SPEAKER_00:There's always unease, right? I feel like the there's always like if someone's yelling the word recession every single year, they're gonna be right eventually, right? So, like, absolutely with investing always comes with the ability to be able to ride the wave, right? So it really depends on your situation. Like if you are somebody who, you know, could be out of work or things could slow down for you and you want to be able to start prepared for that, beef up your cash savings, right? Cash is going to be a really great buffer for you. Um, so that's something to really pay attention to, maybe increasing that future fund amount to give yourself a little bit of more breathing room. The benefit for that is that when you have more liquid ability, right? When you have cash and the market does dip, this is actually what wealthy people look out for. So you are what most people do is they fear and they pull out of the market. And that's really the worst thing that you can do for yourself as a long-term investor. Because if the market dips and the value goes down and you pull out, you're essentially agreeing to that amount and that could be a loss for you, right? If you don't pull out, it's not a real loss, right? So I think that's what people have to understand is until you sell, you're not realizing the gains and you're not realizing the losses, right? So just ride the wave, would be my advice, right? If you're a long-term investor, the closer you are to retirement, obviously advice is going to change a little bit because you want to make sure that you are not like ruining the money that you're living off of. But I think for most of us, we're in the growth phase, right? And I would imagine everyone that's listening to this is probably in that too. So I would view it as an opportunity. Like if the market dips, get in. If you are looking at it like a sale, right? When we think about like we're talking about this really close to Black Friday. Black Friday is everyone's like, oh my gosh, my favorite clothes are going on sale, my favorite brands are having their sales. What do you do? You stock up, right? You literally go in and you're like, I'm gonna get all this because I know I'm saving money. It's the same thing with the stock market. So if you see it, I want you to like, oh my gosh, the stock market's on sale. Go buy it at a lower price because it's gonna go back up. And then you got it at a discount and now it's worth more. Like, what could be better? So I would say increase your savings either to give yourself comfortability or to be able to tap into that. Um, I'm always an advocate for figuring out how to increase your income, right? How can you start to increase the money coming in? Um, but yeah, get really savvy. I think that a lot of millionaires are built during recessions. And so if you're somebody who's like, I want to take advantage of that and I want to be on the other side of it, I would start to get really savvy with the things that we're talking about. Build out your investment plan, figure out what index funds you want to invest in, start to watch out for them. And when they drop, buy. That would be my thoughts.
SPEAKER_01:Yeah. Well, and that's what I was gonna say is this is the time to learn about this. Um, you know, what do they say? There was more millionaires made in the dip in 2020 than any other time is because people were like, great, now I can buy a bunch of stuff and then the stock shot back up and they made a bunch of money. And you may have heard the term, if it's confusing to you, we'll explain it. But dollar cost averaging is basically consistency in the market, right? You're basically like, don't change the automated payments that go in. So the way I'll just explain what my husband and I have it is like we just pull out a certain amount every single month. Like it's always pulling out of our accounts. Then when there is a dip, or if there is a dip in any time, we'll put throw extra money in. And that's a manual payment that we'll put into our accounts. But for the most part, it's just constantly going out of our account, every paycheck every month. It's it's leaving. And then, like, oh, there's a big dip. Let's throw a couple thousand in there. And so we are holding on, like we are, we're like, yeah, if there's another dip, hallelujah. We're really excited for that because we would love to throw more money into our accounts when that happens. So don't, like you said it perfectly, don't use this as a time for fear, don't use this as a time for worry about the market, especially if you're a long-term investor. Now, if you're retiring in a year or two, it you may have to approach it differently. But for the most part, I think the people that are listening to this are around our age or midlife, yeah, use it as a time to get ahead and really benefit off of it.
SPEAKER_00:Yeah, absolutely. And I love that the dollar cost averaging. Like, don't turn that off, take advantage of it and pump more in if you can. Absolutely.
SPEAKER_01:Yeah, yeah. Well, Madison, this was such a great conversation. And I I really intentionally wanted to have you here on this podcast for people to kind of get to know you before you come in. Madison's gonna do a masterclass for us in the Money Mom Club in the month of December, um, December 9th, right? Is our masterclass. Um, so she's gonna, she's gonna go a little bit into more detail onto how to set up these investing accounts and really set yourself up for success in the new year. Because I know sometimes it talking about it is really nice, but actually like working through it with someone, getting someone to hold your hand, because it's scary, right? If you're brand new to this or you're not comfortable with it, sometimes having those, that person just to walk you through it makes it much easier. So if you're a money mom club member, you can register for that class in your portal. Um, I'm really excited for that. But Madison, if somebody isn't in the Money Mom Club and they want to learn more about what you do, you have so many different programs, right? That you offer help, different ways to help people with their money. How can somebody go find you and learn more about this?
SPEAKER_00:Yeah, absolutely. Come into my world. I usually am on Instagram, so new money madison is the handle. You can find me there. If you are focused on getting out of debt, say if you're in your debt payoff era and you want to be in your debt-free era, I have a group coaching program called Debt Ditcher Academy. It includes everything to do with just understanding debt, how it works, building a payoff plan that makes sense for you, figuring out exactly what your debt-free date is and how we can expedite that. Um, so that is definitely something that would be beneficial for you if you've got credit card debt or you're just trying to get out of that cycle. Um, and then I offer one-on-one coaching that is just like a full financial transformation. So we go so deep together in that. We do mindset work, we set up all your systems, we build a spending plan, we figure out your financial freedom number, we help you pick your index funds, like we build out everything from bottom top. So by the time you leave, you are a confident person with your money. Um, so those would be the two main programs that I can support you on. And then I've got the podcast as well, Busy Getting Better, where we talk about money, personal development, spirituality, all of that stuff encompassed into one. So definitely shoot me a DM. I love to yap about money. So let me know what questions you have or how I can support you. Awesome. Love it.
SPEAKER_01:So it's new Mani Madison Instagram. We'll link her Instagram profile in the show notes as well. And you can go check her out there, or and we'll link your podcast as well. Sure. That's a great place to start. So thank you so much, Madison, for joining us here on the Money Mom podcast. Thank you so much for having me.
