Hiding Money from Yourself

Wendy Fedan is a full-time freelance illustrator with multiple sources of income related to her dreams.  She launched her own company in 2021 designed around publishing her and other people’s books called Create-a-Way Design & Publishing. Her family has been debt free for nearly a decade now, and Wendy is a wife and mother of two teenagers, living in Amherst, Ohio.

1. The perspective on credit card debt as a fact of life when Wendy was a young adult
2. The importance of delayed gratification
3. Financing wants with student loans while in college
4. The journey into debt involved credit cards, student loans, and possibly furniture debt
5. Don’t go shopping for a home when you’re 7-8 months pregnant
6. Feeling like student loan debt would never go away, even with monthly payments
7. Altering their lifestyle to deal with credit card payments
8. Freedom is the main work associated with paying off debt
9. Being able to finally save after paying off debt
10. Having multiple checking and savings accounts helps put savings funds out of sight and out of mind
11. Changing your mindset and how you think about money to get out and stay out of debt
12. Believing that money was the root of all evil, and how being afraid of money leads to financial problems
13. Taking financial classes together as a couple to help get on the same path
14. The budgeting challenges of irregular income associated with freelancing
15. The challenge of going from two steady incomes to one
16. Setting up own publishing company as a self-publishing author and illustrator
17. Getting out of debt opens up opportunities to pursue more wants and creative paths

Links referred to in the episode, and how to connect with the guest, Tiffany Harris:

Create a Way Publishing