Join Us February 29th, 2024 and Go On a "Money Date" With Us! Sign Up or Learn More

Episode 128: Financial Advice for Millennials and Their Money



CEO of Limit Free Life®, Michelle Perkins hosts guest, Shari Rash,  the Founder of GWA Wealth, a virtual financial advisory firm that helps millennial and gen x families address financial challenges in a fun, comfortable, no-nonsense way. She is a Financial Advisor, the host of “Money CHIC” podcast and author of “Insider’s Secrets about Women and Money.”

We talked about the challenges millennials face, such as high housing costs, student loan debt, and how emotions play a key role in financial decisions. Topics like buying a home, retirement planning, student loans, and the importance of talking about money were discussed. Shari emphasized the need to remove emotions from money decisions, using money as a tool to achieve financial goals. 

The discussion highlighted the importance of flexibility, understanding where to invest money, and making money conversations approachable and fun. The podcast aimed to provide practical advice and insights to help listeners improve their relationship with money and make better financial choices. It is important as it addresses common financial challenges faced by millennials and offers guidance on navigating them effectively.

00:00 – Money relationship matters: Tough love 

06:36 – Millennials and financial challenges 

17:53 – Emotions and money management 

24:48 – Retirement planning insights 

31:06 – Student loans impact discussion 

37:56 – Money as a tool: Approachable advice 

Why do many millennials struggle with the idea of buying a home?

Many millennials struggle with buying a home due to the psychological hurdle of permanence, lack of readiness, and the societal taboo around discussing money openly.

What advice does the podcast offer regarding saving for retirement, especially for millennials?

The podcast advises setting aside a portion of income for retirement, adjusting savings goals based on living expenses, and considering alternative income sources to achieve financial security in retirement.

Building a healthy relationship with money involves understanding where your dollar can work harder and making informed financial choices.

For much more on ALL things money mindset, money management, how to earn a great living and take control of your finances…Subscribe to my weekly podcast, Money and You:

And don’t forget to join the Limit Free Life email community for valuable, usable content and to learn about upcoming events: Let’s Connect…

I’m excited to offer you a proven way to develop a next level relationship with money that will empower your mindset and financial mastery by “dating your money.”  Until you understand how YOU relate to money and what you believe about money, nothing will change. Once you begin to get to know yourself with money, learn the fundamentals of money management, and operate in a new way with money, everything will open up. Join my signature  “Your Money Date™” program and I’ll help you make the shift. The next one begins soon! 

For more information on Limit Free Life & Michelle Perkins:



You Tube: