192 GenX Women Entrepreneurs with Daphne Jones192 GenX Women Entrepreneurs with Daphne Jones
You're Sober! Now What?
Tamar Medford and wealth coach Daphne Jones talk about GenX women in recovery, money shame, and rebuilding finances through mindset shifts and practical strategies. The conversation centres on forgiveness, entrepreneurship, and creating long-term security after addiction.
43:48•24 Mar 2022
GenX Women, Sobriety and Money: Daphne Jones on Building Wealth After Addiction
Episode Overview
- Forgiving yourself for past financial and addiction-related mistakes is essential before meaningful change can happen.
- Developing an abundance mindset and recognising that money is not finite helps reduce the feeling of "never enough".
- Separating accounts and automating bills can create guilt-free spending and clearer budgeting.
- Investing in yourself through coaching, training, and learning can save time and accelerate business growth.
- Retirement planning and life insurance should be part of an entrepreneur’s strategy, protecting loved ones and future choices.
“Forgive yourself. Not taking action is still a decision and it affects you.”
What drives someone to seek a life without alcohol and then build wealth on top of that? This conversation between Tamar Medford and wealth coach Daphne Jones speaks directly to GenX women in recovery who are eyeing entrepreneurship but still feel shaky about money. You’ll hear Daphne, "the smart money chick", talk about growing up in a working-class Chicago family where money was never discussed, then facing illness, job loss, and the 2008 financial crash.
Those experiences pushed her to rethink everything about finances and eventually focus on helping GenX women entrepreneurs build confidence with cash, investments, and long-term planning. The chat is packed with real talk about addiction, shame, and debt. Tamar openly shares how she twice racked up huge credit card balances and went bankrupt during her drinking years, and how sobriety meant facing the fear of money again: investing in herself, paying off debt, and taking a leap into entrepreneurship.
Daphne connects this to mindset, noting, "Not taking action is still a decision and it affects you," and explaining why forgiveness around past money and addiction mistakes is crucial if you want to move forward. You’ll get a down-to-earth breakdown of ideas like money thermostats, guilt-free spending using separate accounts, retirement planning as a business owner, life insurance as a "cornerstone" of a financial plan, and the basics of investing so your "money has babies" while you sleep.
The tone stays conversational and practical, aimed at women in recovery who feel stuck, scared, or ashamed about finances but are ready for that "now what" chapter. If you’ve ever wondered whether you can rebuild your life and your bank balance after addiction, this episode might be the nudge to start forgiving yourself and taking that next smart step. So, what’s the first money decision you’re ready to change today?
Do you want to link to this podcast?
Get the buttons here!
More From This Show
The latest episodes from the same podcast.