EP. 97: ADHD and Managing Money with Michelle Nickel - a podcast by Tracy Otsuka
from 2020-11-11T10:00
Join Tracy as she welcomes Michelle Nickel to Episode 97 of ADHD for Smart Ass Women. Michelle earned a degree in liberal arts and followed that up with an MBA. She went to work for a major brokerage firm at the age of 25. Along the way she earned AAMS (Accredited Asset Management Specialist) and CFP (Certified Financial Planner) designations and also holds series 7, 63 and 66 Securities Licenses. Working in a small town, Michelle did everything from making sure little old ladies didn’t run out of money, designed retirement plans, set up college savings accounts and everything in between. Her favorite thing to do is to take a giant pile of financial statements and data and turn it into a comprehensible and workable plan for her clients.
Michelle learned how to manage investments from her company, but managing day to day finances was harder, because of her ADHD. After 23 years working as an advisor, Michelle was able to retire at 48. Michelle lives with her husband and two teenage boys, both of whom have ADHD, in Alabama.
Michelle shares with us:
- The circumstances surrounding her ADHD diagnosis
- Her ADHD symptoms
- How to save
- The importance of automating everything you can
- How to save if we’re self-employed
- What we should do with credit cards
- How to pay bills
- How to budget
- The importance of cash
- The ADHD traits that Michelle feels are responsible for her success
- The ADHD traits that Michelle still struggles with
- Her key to living successfully with ADHD
- Her number one ADHD workaround
- What it means to make decisions in advance
- Her future plans for “retirement”
Resources:
The Automatic Millionaire by David Bach
Further episodes of ADHD for Smart Ass Women with Tracy Otsuka
Further podcasts by Tracy Otsuka
Website of Tracy Otsuka