Episode 186 - Debunking Money Myths That Hold Women Back

In this episode, I sit down with Ed Vargo, founder and CEO of Burning River Advisory Group, to discuss the crucial topic of financial confidence, especially as it relates to women before, during, and after divorce. Ed shares insights from over 20 years in the financial services industry, explaining how he and his business partner Melana Carbary became invested in supporting predominantly women-led households. Their focus sharpened when they repeatedly saw women emerge from divorce with suboptimal settlements, despite having excellent legal advice, due to misunderstandings or a lack of financial guidance.

Ed emphasizes the unique challenges women face regarding money, including persistent myths such as “I can’t learn money” or “my partner is better at handling finances.” He discusses the risks of these mindsets and highlights the importance of taking an active role in financial decisions, not only for divorce but throughout life. The conversation touches on the emotional baggage many carry about money, shaped by childhood experiences and societal messages, and how these beliefs can directly impact financial well-being and confidence.

We reflect on the necessity of financial literacy as a life skill, particularly noting the limitations of traditional divisions of labor in households. Ed also introduces EnlightenHer, a new educational venture aimed at making expert financial advice and resources more accessible to women at all stages. This thoughtful conversation offers practical perspectives and encouragement for anyone looking to take charge of their financial future, whether navigating a divorce or simply seeking more confidence with money.

About the Guest:

Ed Vargo, Founder and CEO of Burning River Advisory Group, has more than 20 years of experience in the financial services industry, and is a member of the Financial Planning Association® and the Society of Financial Service Professionals. Ed strives to help women develop a long-term financial plan for every stage of life including retirement planning, education/college planning, and helping women transition successfully in cases of death and divorce.

To connect with Ed:

Website: https://burningriverag.com/

LinkedIn: https://www.linkedin.com/in/edvargo/

About the Host:

Mardi Winder-Adams is an ICF and BCC Executive and Leadership Coach, Certified Divorce Transition Coach, and a Credentialed Distinguished Mediator in Texas. She has worked with women in executive, entrepreneur, and leadership roles navigating personal, life, and professional transitions. She is the founder of Positive Communication Systems, LLC.


To find out more about divorce coaching: www.divorcecoach4women.com

Facebook - https://www.facebook.com/Divorcecoach4women

LinkedIn: https://www.linkedin.com/in/mardiwinderadams/

Instagram: https://www.instagram.com/divorcecoach4women/


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... a Certified Divorce Transition Coach. I am also a Board Certified Executive and Leadership Coach working with entrepreneurs and executives. With over a decade of coaching experience, and over 25 years as a credentialed mediator in the United States and Canada, I know how often women's voices are not heard in mediation, negotiation, and in discussions throughout the legal process.

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