How to Have Difficult Money Conversations with Mary Shores

<p dir="ltr">Debt! The conversation no one wants to have but nearly everyone is a part of. This week on IMPACT, host Meghan Walker welcomes back Mary Shores, a 2nd generation debt collector and author of Conscious Conversations. Whether you’re in debt or struggling to recoup payments from clients, this episode will give you insight into the emotional aspect of debt collection and impact your approach to finances within your family and business.</p> <p><strong> </strong></p> <p dir="ltr">Mary teaches entrepreneurs how to approach the conversation of debt with empathy while still being firm on their expectations. Debt collection is not sexy but is vital to your company’s survival. In this episode, you will hear about the challenges small business owners face when clients fail to uphold their end of the sacred contract. </p> <p><strong> </strong></p> <p dir="ltr">This episode is a reminder that you are dealing with human beings who may be facing financial hardship beyond their control, and how you approach them could be the difference between recouping your money or taking a loss. For the clients on the other end of the conversation, this episode will shift your perception of debt collectors who are simply trying to make a living. </p> <p><strong> </strong></p> <p dir="ltr">This is a conversation that everyone needs to hear. So tune in and get ready to uproot your opinion of debt and your responsibility within The Sacred Contract.</p> <p><strong><br /> <br /></strong></p> <p dir="ltr">KEY TAKEAWAYS</p> <p dir="ltr">[6:45] Embodying spirituality in debt collection</p> <p dir="ltr">[9:10] Shifting the collective consciousness </p> <p dir="ltr">[10:17] The psychology of debt from both sides </p> <p dir="ltr">[14:15] The Sacred Contract </p> <p dir="ltr">[17:00] Engaging in conscious conversations </p> <p dir="ltr">[23:00] Preventing delinquent accounts</p> <p dir="ltr">[25:50] The Fear of the freakout</p> <p dir="ltr">[29:00] Every patient, every time, everywhere</p> <p dir="ltr">[34:20] Debt is not the enemy</p> <p di