EP115: Shmoney Guide with Olga Kirshenbaum

Olga Kirshenbaum is the founder of Rags to Riches Consulting, helping entrepreneurs, small business owners, and individuals find their full potential through the empowerment of taking control of their financial future. Olga is the author of Shmoney Guide: Making Money Choices Doesn’t Need to Be So Scary and is passionate about her role as a ‘money whisperer.’ She is working to help people overcome the money-talk stigma, encouraging them to ask questions and ask for help. Olga has a Bachelor’s degree in accounting from Marymount Manhattan College and a Masters in Business Administration and Entrepreneurship from Long Island University.


Olga joins me today to share the insights and financial strategies in her Shmoney Guide. She highlights the importance of being organized, setting goals, and finding challenges. Olga reveals why a budget and safety net are vital and why people are struggling in today’s cashless world. She shares why you need to talk about money and ask for help when it is required. Olga also shares a script that you can use to talk to creditors.


“Your money goals are your map of where you want to go, and your budget is your compass.” – Olga Kirshenbaum


This Week on Young Money:


  • Helping people understand what the function and purpose of money is in their business
  • Setting goals, being organized and finding challenges
  • The experience that inspired the creation of Rags to Riches Consulting
  • The importance of having a budget and financial safety net
  • How the Shmoney Guide gives financial help to those with limited financial resources
  • An outline of the success strategies in the book
  • The difficulties of managing your money in a cashless world
  • The advantages of budgeting with pen and paper first
  • The problems that result from not talking about money and not asking for help
  • Using a script to talk to creditors

Key takeaways:


  1. Be goal oriented and organized
  2. Be self-aware and push yourself to the next challenge
  3. Go old school and make a budget with pen and paper 
  4. Talk about money and ask for help
  5. Money is a tool to use to accomplish what you want

Resources Mentioned:


Connect with Olga Kirshenbaum:


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