In this heartfelt episode, I sit down with wealth coach Therese Nicklas to unpack what it truly means to live a rich, fulfilling life—not just in terms of dollars and cents, but by cultivating purpose, joy, and balance. Therese shares her favorite guiding quote from Stephen Covey: “To live, to learn, to leave a legacy,” and reveals how this mantra helped her and her clients redefine success, especially through tough transitions and the vulnerability of the pandemic. We explore powerful lessons around building a financial foundation, focusing on living within your means, and challenge common myths, like thinking your home or expensive education is automatically an investment. Therese’s wisdom will resonate with anyone feeling stuck or at a crossroads, encouraging us to clarify our values and legacy beyond material wealth. If you’ve ever wanted practical advice that honors both your bank account and your heart, this episode is for you.
Connect With Therese Nicklas
Website: https://wealthcoach.com
Wealth Building Toolkit: https://wealthcoachforwomen.com
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Chapters
00:00 Introduction And Welcome
00:34 Therese’s Story And Mission
01:04 Therese’s Favorite Quote
01:23 The Meaning Behind The Quote
01:52 The Power Of Learning
02:17 Defining Legacy
02:52 Podcasting And Legacy
03:22 Therese’s Personal Legacy Practices
03:47 Discovering Financial Planning
04:58 Wealth Beyond Money
05:25 Best Financial Advice Ever
06:03 Living Within Your Means
06:40 House-Building Analogy
07:25 Tracking Spending
08:24 Explaining “Means”
09:08 Letting Lessons Sink In
10:20 The Simplicity Of Finances
10:53 Getting The Financial Foundation Right
11:57 Worst Financial Advice Heard
13:05 Biggest Purchases: Home And Education
13:47 Home As “Investment” Myth
14:37 Conservative Advice On Home Buying
15:30 Caution On College Costs
16:11 When Expensive Education Isn’t Worth It
17:31 Gambling Vs Investment
17:52 Advice For Parents And Career Paths
19:27 Affordability And Financial Decisions
20:00 Navigating Property Values
20:25 Reflections And Thanks
20:48 What Therese Really Does
21:07 Therese’s Coaching Approach
22:56 Ways To Connect With Therese
24:00 Closing And Farewell