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Hiding Money from Yourself, with Wendy Fedan of Create a Way Design & Publishing
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Season 2: Episode #29
Hiding Money from Yourself, Wendy Fedan of Create a Way Design & Publishing
Wendy Fedan is a full-time freelance illustrator with multiple sources of income related to her dreams. She launched her own company in 2021 designed around publishing her and other people’s books called Create-a-Way Design & Publishing. Her family has been debt free for nearly a decade now, and Wendy is a wife and mother of two teenagers, living in Amherst, Ohio.
- The perspective on credit card debt as a fact of life when Wendy was a young adult
- The importance of delayed gratification
- Financing wants with student loans while in college
- The journey into debt involved credit cards, student loans, and possibly furniture debt
- Don’t go shopping for a home when you’re 7-8 months pregnant
- Feeling like student loan debt would never go away, even with monthly payments
- Altering their lifestyle to deal with credit card payments
- Freedom is the main work associated with paying off debt
- Being able to finally save after paying off debt
- Having multiple checking and savings accounts helps put savings funds out of sight and out of mind
- Changing your mindset and how you think about money to get out and stay out of debt
- Believing that money was the root of all evil, and how being afraid of money leads to financial problems
- Taking financial classes together as a couple to help get on the same path
- The budgeting challenges of irregular income associated with freelancing
- The challenge of going from two steady incomes to one
- Setting up own publishing company as a self-publishing author and illustrator
- Getting out of debt opens up opportunities to pursue more wants and creative paths
Links referred to in the episode, and how to connect with the guest, Wendy Fedan:
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