All Ships Rising: Recent Episodes
Jewel Rechsteiner
Hello! My name is Jewel Rechsteiner. This is my podcast, All Ships Rising. All Ships Rising is really about sharing tools and information around topics of real estate, home ownership, finances, and personal growth. I have found that women are excited about learning more about these topics, but rarely have resources to lean on. The purpose of this podcast is to provide a platform to have these discussions and interviews with experts, share information, and grow together. All Ships Rising is a phrase plagiarized from a John F. Kennedy quote, but for me it means, when one person rises or becomes financially stable or better informed, that has a ripple effect on Her community and family -- all others around her benefit. Let's lift each other up!
:15 Intro to Libby Kyros who is a loan officer with Guaranteed Rate, her line of work, and tips for non W2 workers
2:07 Types of clients she works with and the process of helping them through the loan process
2:51 If the client needs guidance through the process financial goals are discussed
3:35 Her company offers a concierge refinance team
5:49 Being comfortable in your current mortgage payment is a priority
6:38 It’s an incredible opportunity to be able to invest in real estate right now
8:00 Being denied the opportunity to refinance and the complex feelings around that
8:48 Being an independent contractor and buying a property and navigating write offs
9:50 Maine has lots of hidden wealth
10:20 Jumbo Loans
12:00 Coming from a long line of Mainers and learning from their financial mistakes
12:19 The Microsoft Regret
15:24: “Hey, I think we should build a house” conversation with her husband
16:28 “That’s your Grandfather in you” feeling your intuition to make a decsion
17:24 You gotta take a little bit of risk
23:14 The difference between buying the first home and buying a second
23:30 Wrapping Up
Get in contact with Libby on Instagram
All Ships Rising Website
Subject Points:
:42 - Intro to Libby Kyros and her knowledge of interest rates
2:20 - Why are interest rates doing what they are doing?
3:30 - What is the federal funds rate?
6:45 - How mortgage rates are determined
7:50 - When is it best for investors to take a step back?
9:02 - When the stock market isn’t great no one tells you not to put money in your 401 K
9:55 - If rates go down, not only will you have a better payment, property value goes up too
12:12 - Investing advisors will say, invest x amount every month, regardless of the market
12:58 - Benefits of owning a home vs renting
13:44 - The empowering feeling of buying a house on your own with your own money
14:20 - The spread of interest rates amongst credit unions
17:34 - Being fully aware of your mortgage rate options as a buyer
20:19 - Wrapping up
Get in contact with Libby on Instagram
Subject Points:
:37 Introduction
1:30 Handling things head-on has been major growth
2:07 Taking inventory of loving people around you when things are tough
4:14 I hope this lifts your spirit
4:54 “Taking refuge”
6:45 Wrapping up
Resources Mentioned:
https://allshipsrising.com/
High Yield Savings account:
WealthFront – 5.00-5.50%!
Legal Zoom
Subject Points:
:22 Intro
1:00 Creating a will makes it easier for your family members when you pass
1:40 If you don’t have a will it goes to probate
2:20 A will can take up to 10 minutes, legal zoom exists to help with this process.
2:25 People who bought a house 20 years ago, saw a huge increase in value
4:05 A trust can pass on a property that has gained value over time
5:30 A will is the cheapest way to give some insight into your finances to your heirs
7:04 A living trust makes the transfer much easier and requires less taxes to be paid
8:01 A living trust can also give gifts, taxfree
8:53 A will is not legally binding without two witness signatures
9:21 Start the conversation about finances as early as possible
10:22 Changes can be made to the will
10:55 The client I have who doesn’t have any idea of their parents’ finances
11:50 Bring up horror stories of friends who didn’t have a will or any financial planning to educate others
13:22 Wrapping up
Resources Mentioned:
https://allshipsrising.com/
High Yield Savings account:
WealthFront – 5.00-5.50%!
Legal Zoom
Subject Points:
:21 - Intro
1:40 - Talking about manifestation in Istanbul
2:47 - Receiving the advice of waiting for what shows up
3:16 - Success that came with making a major decision
4:19 - Seeing the results of mental focus and committing to a vision
5:00 - The how to move forward when you are not good at making a decision
5:36 - Borrowing a friend’s method of a manifesting journaling
6:36 - Being told others would bet on me, if I bet on myself
7:38 - Having gratitude for the friends who are further along than you
8:41 - Ladies & femmes we got to start betting on ourselves
8:47 - Wrapping up and notes from last week’s episode
Resources Mentioned:
https://allshipsrising.com/
High Yield Savings account:
WealthFront – 5.00-5.50%!
All Ships Rising Website
Subject Points:
:19 - Intro
:56 - Empathic types can feel so many emotions beyond themselves
2:11 - As a child having a hard time figuring out which feelings were my own
3:39 - Realizing I was interpreting my dance teacher’s nervous energy as mine
4:27 - Mentally imagining a space between self and others
5:10 - Realizing that most of the intense feelings weren’t mine and I needed to create mental bubble
6:36 - Having a discussion with my neighbor and realizing the emotions can pass quickly after being aware of them
8:28 - I am my most agitated when I realize I have violated my own boundaries
9:30 - Realizing in difficult situations there are 3 options, be the victim, the martyr, or being in charge
12:40 - Women give so much, beyond what they can give
17:17 - Wrap Up
Resources Mentioned:
https://allshipsrising.com/
High Yield Savings account:
WealthFront – 5.00-5.50%!
Subject Points:
:26- 1:15 - Intro
1:45 - Trying to piece together the path forward
2:22 - Most people feel behind these days
4:03 - Mentally inhabiting a space keeps you stuck
5:02 - Indecision is the killer of abundance
7:20 - Feeling healthy in my body took priority
8:40 - There is a lot of pressure on wealth-building in society
9:28 - The feeling of guilt exists when we do things for our good
11:11 - I could nitpick my history, but it all worked out
14:11: The decision to buy a house is a big decision
14:47 : Wrap up
Resources:
jewel@portsidereg.com
High Yield Savings account recommendation:
WealthFront – 5.00-5.50%!
Subject Points:
3:00 - What red flags should I walk away from?
4:00 - There’s a solution to everything! (But you might not want to pay it)
5:30 – How can you tell a property can make money? Looking at the most conservative situation in terms of rental income.
7:00 – Prioritizing what will optimize the efficiency of the building “Is someone going to pay you more rent for that?” – Good question to be asking yourself
9:15 – being strategic about turnovers and renos during the turnover time
qq:30 – Renovating, doing it right. Balance of affordability and durability.
13:30 – Things you’ve learned from being a Landlord – being intentional, thorough lease which is vetted by a lawyer.
16:00 – Picking up the phone and talking to people directly, getting to know tenants
18:30 – You don’t have to get it right the first time.
20:00 – Women’s investment group and optimizing costs and renovating current properties.
21:00 – Avail.com – system for landlords and rentals.
22:00 Portland Women’s Investors Group (Instagram and Facebook).
24:00 Wrap Up
Resources:
“We wanna work with you” Landlord to the tenant
Portland Women Investors – Facebook
Kaili@portsidereg.com
WealthFront – Savings Account offering 5.00% return
Subject Points:
1:-3:00 Intro to Kaili and NAR comments
4:30: Starting out – finding a more permanent place to live. Ended up with a 4 unit
6:30: Renovated one of the units, moved in, saved on rent and spent on renovating more units
8:00: Buying one property a year. Putting larger mortgage on several properties when rates were low, and pulling out equity to buy 2 more buildings.
9:45: LLCs vs Trusts. Commercial rates are adjustable.
10:30: Always sought financial council from trusted advisors about each large step.
11:30: How do I buy a second property if I own one property? How do I expand from here?
- HELOCs (Home Equity Line of Credit)
13:00 Banks will compete for commercial loans. There is more ability for a buyer to negotiate rates.
14:30: Math is priority one when buying a property.
16:00: LLCs or Irrevocable Trusts are ways of separating you from liability.
17:00 How much reserves should I have when I own one or two properties? Depends on condition and risk tolerance.
20:00 Wrap Up
Portland Women Investors – Facebook
Kaili@portsidereg.com
WealthFront – Savings Account offering 5.00% return
Subject Points:
:38 - Intro.
2:23 - Should I Buy with my Boyfriend?
2:36 - Reasons to partner with someone to buy.
3:15 - Legal ramifications of buying with someone.
5:25 - Always seek legal counsel.
7:02 - Your home is potentially one of the most expensive purchases you will make.
9:02 - Savings to consider in addition to the downpayment.
12:49 - A condo as a first property.
13:30 - HOAs
19:00 - Wrap Up
Resources Mentioned:
https://allshipsrising.com/
Vanguard or Fidelity Roth IRA account
https://open.alliantcreditunion.com/products
https://wealthfront.com
https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z
Subject Points:
0-2:00 Intro.
2:00 Making a plan to save up for a downpayment
4:00 Expense factors when owning – mortgage, taxes, insurance, utilities, repairs, expenses to move, and down payment
- Factoring 1% of the building’s cost for yearly repairs
6:00 Upfront costs – ideally at least 5%+ as a downpayment
8:00 Making decisions ahead of time about where any extra or unexpected money will be deposited
9:00 Reference to Cynthia Veroneau (season 1)
10:00 Fear & Shame are the two biggest emotions around money
11:00 Security is an emotion! And the majority of women are looking to feel secure in their finances.
12:30 Ignoring finance problems only makes them worse.
14:00 Social media’s echo chamber
16:00 Allison’s Hot Tips and recommendations
19:30 The Expert’s Tip – “I squirrel away money.”
22:00 Summary
Resources Mentioned:
https://allshipsrising.com/
Allison’s Workshops!!
Allison’s Recommendations:
Calculator
Podcasts – “Jill On Money” & “Her Money”
Books – “Smart Women Finish Rich” & “The Millionaire Nextdoor”
High Yield Savings account recommendation:
WealthFront – 5.00-5.50%!
Subject Points:
1:00 Intro.
2:00 Eating out and Amazon.
4:00 Evaluating your spending is the first step in understanding how to handle your budget
5:00 Downloading or printing out 6-12 months of spending from your bank, credit card, or amazon account can give invaluable information.
7:00 Two types of people – guardrails or excel users!
10:00 Keeping money out of your reach if you’re a spender.
12:00 Having separating accounts for separate purposes.
14:00 Fast and Slow savings – extremes are difficult to maintain for long periods.
17:00 Evaluating expected expenses vs adding on random and unexpected expenses.
18:30 Track your expenses for short amounts of time – “budgeting is appropriate to the moment.”
20:00 Drawing attention to your spending is THE most helpful tool to understanding yourself.
23:00 Ways to handle impulsive spending/choices.
24:00 Wrap Up
Resources Mentioned:
https://allshipsrising.com/
High Yield Savings account:
WealthFront – 5.00-5.50%!
March and April Workshops with Allison @Serenity Maine!
Subject Points:
:30 - Intro
1:00 - The emotionality attached to money
2:00 - Money relationship started in childhood
3:10 - The hard lessons of learning the value of money
4:00- Shifting money mindset to giving more
5:17 - Women’s financial advice centers around saving
6:12 - The genderfication of money advice
7:15 - Women’s products are more expensive than men’s
12:07 - Laxing spending habit to improve quality of life
16:30 - Wrapping Up
Resources Mentioned:
Financial Feminist By Tori Dunlap
Afford Anything Podcast by Paula Pant
All Ships Rising Website
Vanguard or Fidelity Roth IRA account
https://open.alliantcreditunion.com/products
https://wealthfront.com
https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z
Subject Points:
1:00 Intro
3:00 Dark to sudden light!
10:00 Serendipity
14:00 Never give up!
18:00 Introspection
22: Wrap up
Resources Mentioned:
https://allshipsrising.com/
Vanguard or Fidelity Roth IRA account
https://open.alliantcreditunion.com/products
https://wealthfront.com
https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z
Subject Points:
2:00 Intro
4:00 Starting the buying process – Having a long-term vision
5:00 Savings mentality
9:00 Talking to a lender before searching on Zillow!
12:00 Interviewing multiple lenders and agents
14:00 First house love
18:00 Types of financing
21:00 Offer not accepted
25: wrap up
Resources Mentioned:
https://allshipsrising.com/
Vanguard or Fidelity Roth IRA account
https://open.alliantcreditunion.com/products
https://wealthfront.com
https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z
Subject Points:
1:00 Intro
2:00 Katie’s background
5:00 Downpayment fears
9:00 What type of home is right for me?
13:00 Ups and downs of the process
17:00 Overly attached to ideas
21:00 Escape route – Commitment Phobia
25:00 Wrap up
Resources Mentioned:
https://allshipsrising.com/
Vanguard or Fidelity Roth IRA account
https://open.alliantcreditunion.com/products
https://wealthfront.com
https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z
14 – “Hello Again!”
Timing Points:
0-1:30: Intro and Story
2:00 Story about personal hang ups
5:30: 2 Questions from the Audience
6:00: – “Should I Re-Finance, Cash-out Re-Finance, or Sell? What’s the best option?”
8:00: What is a H.E.L.O.C (Home Equity Line Of Credit)
11:00: The right choice for you might be different than what other people choose to do, because your options might be unique
13:00: Eliza’s question, “What are the best options for setting rental rates?”
18:30: Wrap up
Resources Mentioned:
Jewel@portsidereg.com – my email
The WealthFront App - 5.05% interest rate!
https://allshipsrising.com/
A conversation with Bethany! Ah ha! I know you don’t want to hear about budgeting; it’s not my favorite topic either. However, it’s an important tool. Bethany shares her own perspective and tips and tricks as a single woman on how to plan and maintain a budget, which she says gives her “guilt-free spending.” Enjoy!
Resources Mentioned:
https://allshipsrising.com/
Dave Ramsey
https://www.ramseysolutions.com/
Timing Points:
0-2:00: Intro
2:00: Finding a real estate agent.
4:50: How does a real estate get paid?
7:45: Eliza’s question – “Maximizing write-offs while being able to buy a second property.”
8:30: The Burr Method – using cash-out refinancing to repeat the buying process over and over.
10:00: My personal experience trying to cash-out refi.
12:00: Tax write offs lower your declared income.
14:15: Tips toward how to get the bank to approve you if you’re an entrepreneur.
15:40: Commercial financing and multi-units
17:15: HELOCs – home equity line of credits
18:30: Long-term savings vs saving to make a big investment purchase.
20:30: Focusing on expertise and experience vs IRAs
22:00: Keep going! Use the 80/20 Rule to increase your income. Say Yes.
23:00: Wrap up and cat-feeding time!
20:30: Recap and closing
Resources Mentioned:
https://allshipsrising.com/
Vanguard or Fidelity Roth IRA account
https://wealthfront.com
https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z
Timing Points:
0-2:00: Intro
2:00: The 3 things that are contributing to being stuck financially
5:00: Making a plan
7:00: Multiple directions of money and receiving
10:00: Money as energy – mud season
12:00: Make a decision! There is no wrong decision!
13:00: Care for other people
14:00: Summary: 3 things to get out of a pay check to pay check cycle
15:00: A bit of history for the ladies out there
15:30: We are almost at the 50-year mark when a single woman could buy her own property
16:00: Wrap up: Feelings and finances
Resources Mentioned:
jewel@portsidereg.com
https://allshipsrising.com/
https://www.nerdwallet.com/
Timing Points:
0-2:00: Intro to Clara
2:00: Being on vs off a personal routine
3:00: Mindset – serving others
5:00: The 80/20 Principle – managing Time
9:00: Leaning into intention in your work life
15:15: Forming habits – being an early bird
18:00: Clara’s big “Why”
26:00: Focusing on others instead of personal fear
30:00: If you don’t like where you are, move!
32:30: Gratitude and joy as part of a morning routine
35:00: Expert tip--weekly business meeting with yourself
37:00: Recap and closing
Resources Mentioned:
jewel@portsidereg.com
https://allshipsrising.com/
https://www.claracapano.com/
Timing Points:
0-3:00: Intro to savings
3:30: Hard times lead to good things
4:15: Buckets of money and personality types
5:45: Short-term savings are liquid and easy to access
7:05: Compounding interest in a savings account
11:30: Long-term savings – IRAs and the difference between them
13:15: Taxable vs tax-advantaged
15:30: Take advantage of any savings-matching accounts that your company offers
16:45: Prioritizing long-term savings vs a big down payment or an immediate project
18:00: Automate your savings and investments!
19:20: Bonds – 10k limit per year allowed
20:30: Recap and closing
Resources Mentioned:
https://allshipsrising.com/
Vanguard or Fidelity Roth IRA account
https://open.alliantcreditunion.com/products
https://wealthfront.com
https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z
Timing Points:
0-2:00: Intro
2:00: Intention is our word of the year!
3:00: Franny’s latest project – a TV show!
Mantra – “I am beyond doubt!”
5:00: – Our greatest fear is that “we are powerful beyond measure.” A Return to Love
7:00: Time as infinite energy
10:30: Do we manifest differently based on our personality? Law of Attraction
12:00: You’re manifesting the version of yourself that has the thing that you want
15:30: Journaling practice helps set our Intention
17:30: Having an emotional budget for the process
19:30: Fears we have around our money
21:00: Thinking of money as something other than “money”
23:00: Money can come from many different directions
26:00: The relationship between love and finances
28:00: Wrap up
30:00: Recap and closing
Resources Mentioned:
https://allshipsrising.com/
Timing Points:
0-2:00: Intro
2:30: Francesca’s background and relationship to money
5:45: Love Coach – taking unusual paths to create a job you love!
6:45: First step in manifesting is declaring or claiming what it is that you want
8:45: Miracles happen when you lean in and say “Yes!”
12:15: The work is to stay true to yourself
13:00: “Ah ha” moments are addictive
15:00: Old beliefs and how they can continue to affect you
17:45: Climbing Everest takes a series of steps, and identifying the next step along the way will eventually lead to the top
20:00: Recap and closing
Resources Mentioned:
https://allshipsrising.com/
Mindset matters! To reach your goals, being aware of how to protect your mindset and stay focused is half the battle.
Timing Points:
1:00: Mindset. The Universe wants you to have what you want.
3:15: Fear. Fear illuminates what we don’t understand.
6:24: I will. I can. Write down the solutions to any problems.
9:00: Identifying your WHY.
14:45: Benefits of owning property
17:45: Golden Geese – passive income.
19:20: Team Building. Add people who are pro-you!
23:05: Setting your Goal. Make it visible. Identify steps.
28:00: Attitude of Gratitude
29:00: Summary
32:00: Challenge – move closer to your goal and help someone else
Resources Mentioned:
https://www.instagram.com/all_ships_rising/
https://allshipsrising.com/
This is the second part of the interview with Cynthia Veroneau of Caliber Home Loans. Tons of useful information. Interview happened in late December of 2022, which could be very out of date depending on what your local market is doing. It’s always good to speak to your local lenders to find out what the trends are in your area.
Timing Points:
0-2:00: Gut instinct and Trust
2:30: Shopping around with different lenders
3:20: Market snap shot in December 2022 and reasons to not wait
4:00: Taking steps to be prepared even if you choose not to buy right now
6:40: Due Diligence
10:30: Helpful programs for a first time home buyer
14:30: There is no financial cost to writing an offer
17:15: Pride and fear causes us to hesitate instead of moving forward
18:15: The right lender will be a partner and might be able to help boost your credit score
19:40: Women have only recently been able to purchase a home without a cosigner since 1974. And now 19% of homeowners are single women!
22:00: Wrap up
Resources Mentioned:
https://allshipsrising.com/
Cynthia Veroneau
Sales Manager
NMLS ID#: 1293182
STATE LIC#:
NH
207-712-3598
cynthia.veroneau@caliberhomeloans.com
In this interview with Cynthia Veroneau of Caliber Home Loans, we talk about why we should reach out to a lender early in our home buying process, what should we expect when talking to a lender, and what are some common fears about talking to a loan officer?
Timing Points:
0-3:00 Intro and Cyndi’s approach to lending
3:00: Building a map to buying your first home
4:40: Identifying your first step
8:00: How does a credit pull effect my credit score?
12:00: Talking to a lender early rather than later
12:30: DISC personalities and how they align with communication
14:30: Single women tend to be more conservative in their house-buying decisions
16:15: Taxes – every town is different
20:15: Cyndi’s home owning experience
23:00: Wrap up
Resources Mentioned:
https://allshipsrising.com/
Cynthia Veroneau
Sales Manager
NMLS ID#: 1293182
STATE LIC#:
NH
207-712-3598
cynthia.veroneau@caliberhomeloans.com
This episode covers compounding value in real estate and reasons to pursue home ownership. Hitching a ride with a small amount of money (down payment) with a larger investment like real estate, helps build a large savings cushion faster than if you were to invest the same amount of cash into a high yield savings account for 30-50 years.
Topic Points:
0-2:30 Intro to compounding value
2:35: A small amount toward a home, goes a long way to building security
4:00: Historic year-on-year appreciate is 4%+ on property
5:15: Maintaining the value of your investment
6:20: Taking the right things seriously so you don’t get stuck
9:00: Thinking about a home creatively in the present will help you pay for it in the future
10:00: The stock market and real estate keeps up with inflation
12:30: Budgeting for repairs
14:00: Landlording – house hacking feedback
16:40: Wrap up
Resources Mentioned:
https://allshipsrising.com/
Email me at jewel@allshipsrising.com
Hello! My name is Jewel Rechsteiner. This is my podcast, All Ships Rising. All Ships Rising is really about sharing tools and information around topics of real estate, home ownership, finances, and personal growth. I have found that women are excited about learning more about these topics, but rarely have resources to lean on. The purpose of this podcast is to provide a platform to have these discussions and interviews with experts, share information, and grow together. All Ships Rising is a phrase plagarized from a John F. Kennedy quote, but for me it means, when one person rises or becomes financially stable or better informed, that has a ripple effect on Her community and family -- all others around her benefit. Let's lift each other up!
Timing Points:
0-3:00 Intro and my background
3:15: Knowing and gut instincts
6:15: Speaking your goals out loud creates forward movement
11:20: Building your team – identifying mentors and helpful teammates
14:00: What to look for in a property - It’s just paint and fixtures
17:20: Second property – proximity matters!
20:00: Manual labor work and being creative
22:40: Mentoring & Coaching: Giving back brings everything full circle
24:00: My real estate agent – All Ships Rising
27:00: Wrap up
29:00: Challenge – move closer to your goal and help someone else
Resources Mentioned:
https://allshipsrising.com/