Episode 149: Financial Infidelity with Kimberly Nelson

Published: Dec. 30, 2021, 5 a.m.

b'This week, Kimberly Nelson returns to the show! We are talking about financial infidelity including how to recognize it and what to do if you find it\\u2019s happening to you. Kimberly shines a light on some of the red flags of someone being financially deceitful, why it\\u2019s important to exercise your financial agency, and explains why being aware of your finances matters for your divorce.\\xa0\\nAs an Advisor at Coastal Bridge Advisors, Kimberly Nelson focuses on bringing clarity and control to her clients\\u2019 financial lives. She works with them to create a strong foundation for financial health through innovative, objectives-based wealth planning solutions with an emphasis on marriage dissolution and transition.\\xa0\\xa0\\nThere are numerous types of infidelities; emotional, sexual, and relational. And there is financial infidelity, which is very hard to undo and recover from. Listen to this episode to hear how you can avoid it and what to do if you think it\\u2019s happening to you.\\nShow Highlights\\n\\nWhat is financial infidelity, anyway? (5:29)\\n\\nWhy it is important to have financial agency and know what is going on with your finances. (9:24)\\n\\nCheck and keep tabs on your credit report. You can pull your credit report for free, three times a year. Kimberly shares how. (13:13)\\n\\nSigns that you might be a victim of financial infidelity. (17:28)\\n\\nYou know you want to get a divorce: is stashing cash for your divorce financial infidelity? (23:04)\\n\\nWhat to do if you suspect financial infidelity and how to have a conversation with your spouse. (33:12)\\n\\nIf your divorce goes to trial, proof of financial infidelity will be crucial.\\xa0This documentation is key. (43:07)\\n\\nIs it worth hiring a forensic accountant? (47:00)\\n\\nLearn more about Kimberly:\\nKimberly has been working with high-net-worth divorcees in the LA area for more than 15 years. She understands the challenges women face when navigating an overwhelming bevy of attorneys, accountants, insurers, and other advisors during the dissolution process. She values the strong relationships she builds with her clients and is dedicated to enhancing the quality of their lives, believing that ongoing successful wealth oversight requires collaboration between investor and advisor.\\xa0\\nShe became a CFA Charter holder in 2012 and maintains a steadfast dedication to both her education and that of her community around financial matters. She\\u2019s actively involved in the financial literacy efforts of the Los Angeles Center for Law & Justice (LACLJ) and serves as a board member and treasurer of Grades of Green, a non-profit that works to instill environmental awareness in the minds of elementary school students.\\nResources & Links:Information and links can also be found at: https://kateanthony.com/podcast/financial-infidelity-with-kimberly-nelson/\\nPrivate Coaching with Kate AnthonyKimberly on Linkedin\\xa0Kimberly\\u2019s websiteDivorce, Debt, and the Pandemic with Kimberly Nelson\\nTODAY\\u2019S EPISODE IS SPONSORED BY: SHOULD I STAY OR SHOULD I GO?\\n\\xa0An online coaching program designed to help you make the right decision about your marriage...once and for all.\\xa0In this groundbreaking online coaching program, you\\u2019ll unlock the support, education and deep transformational work you need to finally answer to your most burning question: should I stay or should I go?'