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Speaker 1: Hi everyone, and welcome back to another episode of Sugar

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Speaker 1: Mamma's Fireplay. I am your host financial planner Canna Campbell,

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Speaker 1: and today we're talking about something deeply personal but also

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Speaker 1: something incredibly important for some people out there right now

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Speaker 1: who really need to hear this, And that is what

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Speaker 1: would I do if I had to start all over

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Speaker 1: again as a single mum, rebuilding my financial independence from scratch,

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Speaker 1: from ground zero, from nothing now becoming a single mum

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Speaker 1: or I include single dads in this of course as well.

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Speaker 1: Whether it's through choice or circumstance, is one of the

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Speaker 1: biggest transitions anyone can go through. It is scary, there

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Speaker 1: is uncertainty, there is a huge amount of financial pressure,

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Speaker 1: and of course the emotional challenges. But here's what I

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Speaker 1: want you to know. This is also an opportunity. And

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Speaker 1: I'm speaking from personal experience as well as professional experience.

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Speaker 1: This is your chance to build a financial life, life

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Speaker 1: on your own terms. A life where you are in

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Speaker 1: control you don't need to compromise with anyone else, and

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Speaker 1: a life where you make powerful strategic decisions that set

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Speaker 1: you up for long term success. And most importantly, a

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Speaker 1: life where you feel financially independent. Strong and so proud

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Speaker 1: of the journey you've taken. So today I'm going to

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Speaker 1: share with you seven key steps that I would take

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Speaker 1: if I found myself having to start all over again

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Speaker 1: as a single mum. Now these aren't just like ideas

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Speaker 1: or theories. These are actually practical, actionable steps that you

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Speaker 1: can use right now to help take control of your

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Speaker 1: money and shift your headspace as you move towards a

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Speaker 1: more financially secure future for yourself but also for your children.

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Speaker 1: So let's get started. Step number one. Mindset. So this

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Speaker 1: very first step isn't actually about money, which I know

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Speaker 1: that may come to you as a surprise, and we

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Speaker 1: will get to money in a second, I promise, But

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Speaker 1: there's something we need to explore first, go deep with

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Speaker 1: before we can flourish. When I became a single mum,

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Speaker 1: I had many moments of fear and anxiety and so

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Speaker 1: much self doubt and my self worth was pretty much

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Speaker 1: in the bin. And on top of that, my ex

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Speaker 1: husband laughed in my face. He was so smug, and

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Speaker 1: I remember him saying to me that I wouldn't be

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Speaker 1: able to survive without him financially, that I was going

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Speaker 1: to drown in the debt that I had to take

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Speaker 1: on to get out of the marriage, out of the relationship,

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Speaker 1: and that I couldn't even take the bins out on

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Speaker 1: my own, So how was I possibly going to survive,

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Speaker 1: let alone survive successfully. It was horrible. It was such

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Speaker 1: a depressing and terrifying moment for myself. But and this

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Speaker 1: is the important thing here that comes to mindset, I

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Speaker 1: also realized that dwelling in this space wouldn't serve me

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Speaker 1: in any positive way whatsoever and was really a complete

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Speaker 1: waste of my time and energy. So I had to

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Speaker 1: stop giving that theory or that idea or that opinion

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Speaker 1: of just his any more fuel. So what did I

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Speaker 1: do instead? I shifted my focus as to what I

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Speaker 1: could actually control, my perspective, my actions, and my goals,

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Speaker 1: really tapping into my thoughts, feelings and actions. So what

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Speaker 1: I recommend you do if you are struggling right now,

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Speaker 1: and you're in the thick of the unknown, and you're

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Speaker 1: feeling self doubt or just anxious right now, can I

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Speaker 1: suggest that you write down five to seven simple blessings

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Speaker 1: that will come your way with this new chapter in

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Speaker 1: your life. Now, I'm going to share with you some

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Speaker 1: of my own examples and give you examples to help

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Speaker 1: get you started with doing this. So Number one saying

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Speaker 1: to yourself this situation is that you're going to force

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Speaker 1: me to be better with money. You're now on your

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Speaker 1: own two feet. You are completely responsible for yourself. So

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Speaker 1: it's going to really make you go deep with this

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Speaker 1: financial literacy work and getting smarter with money and making

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Speaker 1: great decisions, which is only a good thing that's going

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Speaker 1: to serve your long term financial wellbeing. Number two, I

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Speaker 1: am setting an incredible example for my children about resilience

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Speaker 1: and independence. As your children see you trying to stand

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Speaker 1: on your own two feet and eventually standing on your

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Speaker 1: own two feet and of course without a doubt, thriving

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Speaker 1: on your own two feet, you are in printing, planting

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Speaker 1: really powerful seeds in their minds, and they are going

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Speaker 1: to look at you with such admiration and they are

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Speaker 1: going to learn through example by watching you from the sideline.

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Speaker 1: Please never forget that. And of course you can have

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Speaker 1: slip ups, you can have setbacks. We all do, including myself.

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Speaker 1: You're only normal, but keeping your chin up, your head

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Speaker 1: up high, you are an incredible role model to your

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Speaker 1: children to never settle or compromise. Number three every decision

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Speaker 1: I will make you will make will be one hundred

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Speaker 1: percent based on what is best for me and of

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Speaker 1: course what is best for you and your family. Feel

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Speaker 1: proud about that, Feel empowered by that sense of control

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Speaker 1: and direction where you are driving the car now. Number

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Speaker 1: four I as in you will become smarter, stronger, and

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Speaker 1: a more financially independent woman or man. There are only

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Speaker 1: good things that are going to come from this financially.

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Speaker 1: Number five, my journey will inspire and empower others around me.

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Speaker 1: As I always like to say, energy is contagious. As

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Speaker 1: people see you doing the work, having a crack, standing

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Speaker 1: on your own two feet, dealing with setbacks and challenges

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Speaker 1: with grace, with dignity. Whether you realize it or not,

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Speaker 1: you are and you will inspire people around you. You

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Speaker 1: will see shifts in people. They may not necessarily bring

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Speaker 1: it to your attention, but trust me, they want and

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Speaker 1: they're watching with incredible admiration. You are a powerful being.

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Speaker 1: Please don't ever forget that. So by investing time exploring

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Speaker 1: your mindset, it helps set the foundation for everything else

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Speaker 1: in your life, and it will allow you to shift

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Speaker 1: from fear to empowerment. In fact, help you snap out

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Speaker 1: of those toxic, negative, self degrading chats where you have

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Speaker 1: with yourself and allow you to take back control. Now,

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Speaker 1: once you've done this, you've written down those blessings. You

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Speaker 1: might want to take a moment to print it off

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Speaker 1: or to handwrite it. Put it somewhere where you can

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Speaker 1: read it on a regular basis to remind you whenever

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Speaker 1: you're having a bad day or a bad moment, go

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Speaker 1: to it, reread it to help you find your inner

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Speaker 1: strength again. Step number two time to create a budget

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Speaker 1: and a cash flow system. So once you've sorted out

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Speaker 1: your mindset and you realize, actually I feel a little

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Speaker 1: bit stronger today, or I feel a little bit more resilient,

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Speaker 1: or I feel a little bit more hopeful. Amazing, great,

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Speaker 1: I'm so proud of you, we now need to do

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Speaker 1: some more practical work, and that is create a budget

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Speaker 1: and a cash flow system. Now, the goal here when

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Speaker 1: you're doing your budget, and this particular step is not

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Speaker 1: about cutting costs yet. We will come to that, I promise,

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Speaker 1: But right now doing a budget is focused around gaining

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Speaker 1: clarity in your life, finding out exactly how much it

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Speaker 1: costs you to live right now, where exactly is your

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Speaker 1: money going does it match your value system and of

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Speaker 1: course what are the absolute essentials in your life that

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Speaker 1: you need right now to live and for your children

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Speaker 1: to live the non negotiables. Now by sitting down and

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Speaker 1: mapping this out, and I strongly recommend you don't just

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Speaker 1: sit down and write down your expenses, you actually cross

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Speaker 1: references against the truth and reality of your bank transactions

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Speaker 1: and your credit card statements, because this will then allow

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Speaker 1: you to have a crystal clear understanding of what your

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Speaker 1: financial reality really looks like. That is exactly how much

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Speaker 1: money we really do spend on a daily basis, weekly basis,

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Speaker 1: monthly basis, quarterly basis, and of course annual basis. You

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Speaker 1: need to go back a full three hundred and sixty

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Speaker 1: five days of the year see the truth and reality

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Speaker 1: of how much money you need. And I want to

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Speaker 1: say this, a budget is not about restriction, It's about empowerment.

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Speaker 1: It puts you back in the driving seat so you

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Speaker 1: know exactly what you need financially to survive, and of

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Speaker 1: course what areas need your attention and how can you

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Speaker 1: start managing your cash flow in a proactive way so

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Speaker 1: that you're always resilient and you can of course make

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Speaker 1: adjustments at any time that you like. The other great

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Speaker 1: benefit of budgets and I think a lot of people

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Speaker 1: forget about this and they don't discover this until they've

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Speaker 1: actually done it properly, and that is doing a budget

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Speaker 1: helps you avoid that financial overwhelm because a budget allows

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Speaker 1: you to know your numbers. You get crystal clear about

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Speaker 1: what you need and what you spend your money on.

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Speaker 1: And because of that, you can then make informed decisions

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Speaker 1: rather than reacting emotionally to money stress. Now, when you're

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Speaker 1: doing your budget, you also need to build a cash

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Speaker 1: flow system. A budget is great, but it's only half

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Speaker 1: the work. A budget if you're not following it and

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Speaker 1: stick to it, is really just a piece of paper.

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Speaker 1: It's an intention, but you're not actually following it. So

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Speaker 1: this is why I recommend you build a cash flow

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Speaker 1: system where you set up a system that gives you

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Speaker 1: clear instructions as to what money goes into what account

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Speaker 1: and what accounts represent your stockpiling money for those ad

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Speaker 1: hoc or regular expenses like kid's birthday parties, Christmas time,

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Speaker 1: when your car regio is to strata expenses, council rates,

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Speaker 1: energy bills, those bills that kind of catch us out

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Speaker 1: by surprise, as well as things like emergency money. Now,

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Speaker 1: if you have never done a budget before, or you

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Speaker 1: have done a budget before but you struggle to stick

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Speaker 1: to it, or you need help in actually building your

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Speaker 1: own cash flow system, can I remind you that I

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Speaker 1: have the Sugar Mamma Budget and cash Flow Academy. This

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Speaker 1: is where I teach you how to do a budget.

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Speaker 1: I give you all the tools and resources and templates

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Speaker 1: to build your own, but then those templates help you

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Speaker 1: build the cash flow system that it gives you the

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Speaker 1: exact instructions as to how much money goes into what

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Speaker 1: accounts and how to actually track your expenses throughout the

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Speaker 1: in a proactive way so that when, for example, Christmas

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Speaker 1: time comes, you've got two thousand dollars ready there to

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Speaker 1: spend on all the things that you want to at

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Speaker 1: that time of the year. Now, that cash flow course

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Speaker 1: is called the Sugar Mamma Budget and cash Flow Academy

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Speaker 1: actually includes a one on one zoom session with me

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Speaker 1: where we can spend up to an hour if needed,

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Speaker 1: going through absolutely everything looking at your expenses and see

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Speaker 1: if we can find any additional saving ideas, and of

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Speaker 1: course includes workbook videos podcast and those templates. Now in

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Speaker 1: that workbook there are over one hundred ideas to help

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Speaker 1: you save money and over one hundred ideas to help

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Speaker 1: you hustle extra money. So I'm just going to not

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Speaker 1: talk about that again, but just remind you that I

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Speaker 1: am there as well as some amazing resources to help

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Speaker 1: you do your budget and cash flow. And you don't

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Speaker 1: necessarily need to be single parent, by the way, to

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Speaker 1: do this. It's open to absolutely everyone, so it's linked

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Speaker 1: in the podcast notes for you. All right, So, now

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Speaker 1: that you've done your budget, you've built your cash flow system,

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Speaker 1: let's move on to step number three, your financial stock take.

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Speaker 1: This is where we start your point of change. So

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Speaker 1: to do a financial stock take, we need to document

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Speaker 1: absolutely everything your assets, which includes savings, emergency savings, superannuation,

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Speaker 1: any investments that you might have like shares, bonds, term deposits,

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Speaker 1: investment properties, and of course a property that you might own,

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Speaker 1: such the family home. You also need to document your

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Speaker 1: liabilities credit card, debt, buy now, pay later, any illegal

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Speaker 1: fees that are outstanding, mortgages, investment loans, margin loans, all

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Speaker 1: of those financial commitments that you have in your life,

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Speaker 1: including car leases and car repayments. You also need to

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Speaker 1: document in your financial stock take your income sources. How

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Speaker 1: much money do you earn through your salary. Let's write

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Speaker 1: down the net figures here, so we're getting crystal clear

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Speaker 1: not setting ourselves up for failure. We also need to

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Speaker 1: write down any child support or spousal support that we're

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Speaker 1: potentially entitled to or are entitled to that we've got

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Speaker 1: confirmation from a lawyer and from our spousals or ex partners.

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Speaker 1: Of course, any government benefits and any side hustle money

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Speaker 1: that you potentially have going on in your life right

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Speaker 1: now now. I will admit this is confronting, and it

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Speaker 1: is at times a little bit overwhelming and can fill

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Speaker 1: you with anxiety. But here is the exciting part. This

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Speaker 1: is your starting point and from here everything can grow

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Speaker 1: for you. I want you to think about this like

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Speaker 1: planting a seed, say a seed to grow some a

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Speaker 1: fruit tree. Right now, that ceiling might feel and look

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Speaker 1: really small when you're looking at your financial stock take,

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Speaker 1: but that's okay. I still want you to go ahead

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Speaker 1: and plant it, and over time, I want you to

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Speaker 1: trust me as you nurture it with giving that ceiling sunlight,

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Speaker 1: the right amount of water you protect it from pests.

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Speaker 1: You make sure that you've planted in that fertile soil,

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Speaker 1: which of course is your healthy new mindset. This will expand,

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Speaker 1: this seiling will sprout and start to grow, and over

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Speaker 1: time it will thrive and give you an abundant supply

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Speaker 1: of healthy, nutritious fruit. So this is the equivalent of

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Speaker 1: giving your finances the right financial strategies through getting good

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Speaker 1: quality advice the more a licensed financial planner of course,

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Speaker 1: and educating yourself, making intelligent, proactive decisions with your money

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Speaker 1: that are in alignment to your goals, your short term goals,

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Speaker 1: your medium term goals, and your long term goals. Learning

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Speaker 1: how to do things efficiently with your money. Also, by

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Speaker 1: doing a financial stock take and correctly documenting your financial

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Speaker 1: starting point, you're also creating a really powerful source of

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Speaker 1: motivation in your life. You see, every time you check

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Speaker 1: back in to that financial stock take and see how

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Speaker 1: far you've come since starting, and whether it's growing your

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Speaker 1: savings balance, or paying down debt or even just simply

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Speaker 1: increasing your super you are going to feel an incredible

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Speaker 1: sense of progress, self worth, confidence, faith and hope in

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Speaker 1: your life, which a lot of single parents need to

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Speaker 1: help keep them going, and of course this is going

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Speaker 1: to help you become so much better at being patient

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Speaker 1: those frustrating times when you're looking at that ceiling thinking

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Speaker 1: I've planted you. I haven't seen anything yet, I haven't

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Speaker 1: seen any sprout. By tracking your progress, you will know

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Speaker 1: it's happening. The roots go down deep first before it

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Speaker 1: starts to sprout, so never forget that. So I want

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Speaker 1: to remind you stock take isn't necessarily just about the numbers.

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Speaker 1: It is about seeing your financial future take shape reshape

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Speaker 1: in real time. And again, if you're looking at this

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Speaker 1: financial stock take like that ceiling looking really small and low,

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Speaker 1: you can take a huge amount of comfort and pride

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Speaker 1: knowing that it is going to get better from this

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Speaker 1: point going forward. Step number four. Super the key to

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Speaker 1: long term financial independence. I need to be honest with you.

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Speaker 1: A lot of people get tempted to completely neglect their super,

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Speaker 1: particularly in stressful times life a separation in a divorce,

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Speaker 1: will becoming a single parent. A lot of women retire

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Speaker 1: in poverty because they don't prioritize their super, and they

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Speaker 1: don't prioritize their super soon enough, I'm not going to

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Speaker 1: bore you or make you disturbed by the statistics, but

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Speaker 1: please know it is frightening, but I am here to

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Speaker 1: serve you the truth because I genuinely care about you

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Speaker 1: and your financial future. So please know that your super

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Speaker 1: is your key to true financial independence. You will never

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Speaker 1: regret hearing this and taking this seriously. Superinnuation means that

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Speaker 1: when you retire, you do not have to rely on

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Speaker 1: anyone else, not your children, not the government, not a

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Speaker 1: partner or a future partner or a previous partner. You

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Speaker 1: will have your own source of financial security, but you've

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Speaker 1: got to pay attention, nurture it, and care for it

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Speaker 1: in the right type of way today. Do not delay.

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Speaker 1: So here is what I would do if I was

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Speaker 1: startying from scratch. Number one is obviously check my superannuation

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Speaker 1: account balance. I would look at exactly how much I have,

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Speaker 1: making sure that there's no missing superannuation floating around in cyberspace,

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Speaker 1: and it's very easy to do a quick search. But

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Speaker 1: I would also go and check and see where is

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Speaker 1: my superannuation money invested. Remember, your superannuation isn't a savings account.

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Speaker 1: It is an investment portfolio that is locked for your

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Speaker 1: long term benefit. So have a look at where it

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Speaker 1: is invested, and think about doing a risk profile and

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Speaker 1: getting some advice if you need to make changes. A

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Speaker 1: lot of people end up in the default balance fund,

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Speaker 1: and if you are a balanced investor, that might be

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Speaker 1: right for you, but you may do a risk profile

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Speaker 1: and realize, actually, I'm not a balanced investor. I'm a

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Speaker 1: growth investor or high growth. That is when you need

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Speaker 1: to get advice and look at potential changes to that

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Speaker 1: money to help make sure that it grows as efficiently

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Speaker 1: as possible for you. Number two within super work backwards,

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Speaker 1: have a think about what you want to retire on.

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Speaker 1: How much money do you need per year? And you

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Speaker 1: should know how much you need because you've done your budget.

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Speaker 1: So if you're living expenses where say fifty thousand dollars

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Speaker 1: a year or sixty thousand dollars a year, you know

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Speaker 1: that you need at least that because you potentially have

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Speaker 1: to factor in some income tax as well to be

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Speaker 1: able to retire under your current lifestyle. You also want

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Speaker 1: to think about what age do I want to retire

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Speaker 1: and how long do I expect my retirement to go for.

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Speaker 1: You know, the current life expectancy for a woman who's

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Speaker 1: around about eighty five, so if you're retiring at age

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Speaker 1: sixty five, you need at least twenty years worth of

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Speaker 1: living expenses available to you so that you don't run

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Speaker 1: out of money, and that's under today's medical technology. My

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Speaker 1: advice is to think about maybe estimating say a thirty

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Speaker 1: or even a thirty five year retirement plan. You've got

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Speaker 1: to work backwards, and there are some brilliant superannuation account

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Speaker 1: calculators on the Sugar Mumba website as well as I

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Speaker 1: strongly recommend using the NOL Whittaker retirement calculators as well.

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Speaker 1: The combination of the two will give you a really

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Speaker 1: good idea. And of course when you've got that, you

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Speaker 1: can start thinking about what additional voluntary contributions do I

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Speaker 1: need to start thinking about and getting advice on to

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Speaker 1: help make sure that I get that figure. I want

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Speaker 1: to give you a quick example to help get you

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Speaker 1: started and realizing exactly how much money you need to

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Speaker 1: be thinking about. You need in super to be financially

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Speaker 1: independent as a single parent. So I ran some numbers

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Speaker 1: recently for a keynote event that I did around financial

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Speaker 1: literacy for a corporate and I looked at how much

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Speaker 1: would someone need if they want to retire on sixty

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Speaker 1: thousand dollars per annum in today's dollars in twenty years time,

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Speaker 1: ensuring that that money lasted twenty five years. Now, as

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Speaker 1: a very rough guide, you would need in excess of

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Speaker 1: one point four million dollars in super if you want

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Speaker 1: to retire on sixty thousand dollars in today's figures. So

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Speaker 1: if you're thinking, oh, I only need about six hundred

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Speaker 1: thousand or eight hundred thousand, I get you to stop

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Speaker 1: right there and actually go and check your numbers and

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Speaker 1: run them. It is most likely you're going to need

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Speaker 1: in excess of a million dollars in superannuation. So the

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Speaker 1: sooner you get started, the easier this is going to

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Speaker 1: be to get there. Next thing I want to talk

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Speaker 1: to you about within the conversation of superinnoation is thinking

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Speaker 1: about real estate versus super. Now, for many single parents,

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Speaker 1: in particular single mums, owning a home is a very

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Speaker 1: important financial goal to them. And I understand this completely,

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Speaker 1: and this was something that was really important to me

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Speaker 1: because it provided a sense of security and stability for

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Speaker 1: my son Rocko. But here's the dilemma and a question

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Speaker 1: that I recommend you ask yourself. If you're in this

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Speaker 1: position right now, if you were to pour all of

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Speaker 1: your resources into home ownership, are you honestly going to

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Speaker 1: have enough superannuation in order to be able to fund

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Speaker 1: your retirement and your required retirement lifestyle. If you own

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Speaker 1: a home but you you have no passive income to

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Speaker 1: live off, how are you going to afford to live

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Speaker 1: once you stop working? And to take this conversation even further,

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Speaker 1: because I care about you, can you honestly say that

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Speaker 1: you are going to be able to pay off that

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Speaker 1: home in time before you actually retire, and more importantly,

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Speaker 1: still give yourself enough time to make sure you've got

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Speaker 1: enough money in superannuation. Most banks put people on a

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Speaker 1: thirty year mortgage term. So if you are say forty

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Speaker 1: or in your mid forties and you're looking at buying

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Speaker 1: a home and taking out a mortgage, that mortgage is

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Speaker 1: most likely going to be on thirty years. So will

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Speaker 1: you have paid your mortgage off by age seventy five?

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Speaker 1: This is the question I want you to ask yourself.

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Speaker 1: And if you are comfortable working until age seventy five,

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Speaker 1: at age seventy five, are you're going to have enough

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Speaker 1: money in superannuation? Are you going to have in excess

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Speaker 1: of one point four million dollars in superannuation, if not more.

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Speaker 1: You need to sit down and think about this carefully

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Speaker 1: before you sign the dodded line. And of course this

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00:20:57,200 --> 00:21:00,440
Speaker 1: is when you always go and get financial advice from

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Speaker 1: a licensed financial planner, and for some renting whilst prioritizing

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Speaker 1: their super and of course investing along the way in

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00:21:08,760 --> 00:21:13,280
Speaker 1: combination for those long term cash flow purposes may in

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Speaker 1: fact be a far better option than buying a home

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Speaker 1: and taking thirty years to then pay it off, to

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Speaker 1: then realize you've got barely anything in super and of

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00:21:20,840 --> 00:21:23,640
Speaker 1: course zero investments to fall back on. You never want

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Speaker 1: to be in a situation where you are forced to

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Speaker 1: maybe sell down the home in order to be able

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Speaker 1: to live off. I want you to have the best

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00:21:29,760 --> 00:21:31,479
Speaker 1: of both walls. I want you to have the freedom,

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Speaker 1: security and stability of a pacif income, and if you're

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Speaker 1: in a position where you can actually afford to do both,

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00:21:37,160 --> 00:21:39,359
Speaker 1: that is, pay off the home and build up your

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00:21:39,400 --> 00:21:42,640
Speaker 1: super and maybe even a vest as well. Brilliant. I'm

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00:21:42,680 --> 00:21:44,840
Speaker 1: so glad you stopped at this point and checked that

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00:21:45,200 --> 00:21:47,680
Speaker 1: before you made those decisions. And I want to say

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00:21:47,680 --> 00:21:50,399
Speaker 1: this whilst I kept in the family home and I

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00:21:50,480 --> 00:21:53,640
Speaker 1: bought my share of the family home from my previous partner.

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Speaker 1: This isn't about pushing you from one decision to the other.

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00:21:57,000 --> 00:22:00,359
Speaker 1: It's actually about encouraging you to stop for a second

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00:22:00,480 --> 00:22:02,800
Speaker 1: and think long term and to help make sure that

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00:22:02,840 --> 00:22:07,200
Speaker 1: you're ensuring whatever choice you make aligns with your desires

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00:22:07,200 --> 00:22:10,520
Speaker 1: for financial independence throughout retirement. I never want you to

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00:22:10,560 --> 00:22:15,760
Speaker 1: have any regrets. Step five financial goal setting time. So

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Speaker 1: this is the exciting part. So now that we've got

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00:22:17,960 --> 00:22:22,000
Speaker 1: a really clear mindset, we have a really good understanding

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00:22:22,000 --> 00:22:24,840
Speaker 1: of what we spend, and of course we understand the

409
00:22:24,840 --> 00:22:27,280
Speaker 1: importance of superinnuation that needs to be a part of

410
00:22:27,320 --> 00:22:30,720
Speaker 1: our financial independence strategy as a single parent, let's focus

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00:22:30,840 --> 00:22:34,080
Speaker 1: on synking our teeth into some exciting and powering goals.

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Speaker 1: What do you want in your life? What is important

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00:22:37,480 --> 00:22:39,280
Speaker 1: to you? Is it having a home that you own

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00:22:39,320 --> 00:22:42,760
Speaker 1: out right? Is it building passive income and you know,

415
00:22:42,800 --> 00:22:46,080
Speaker 1: creating that financial freedom for yourself and your family, or

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00:22:46,080 --> 00:22:48,840
Speaker 1: maybe it's something really simple right now, like having a

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00:22:48,960 --> 00:22:51,640
Speaker 1: nice amount of money sitting in savings for your peace

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00:22:51,640 --> 00:22:55,480
Speaker 1: of mind. Right, absolutely everything that you want down think

419
00:22:55,520 --> 00:22:57,040
Speaker 1: of it as a wish list. If you want so,

420
00:22:57,080 --> 00:22:59,720
Speaker 1: your imagination can go wild and you can park any

421
00:22:59,760 --> 00:23:03,560
Speaker 1: of the those negative self doubt moments to the side.

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00:23:03,640 --> 00:23:05,560
Speaker 1: Think of it as like a wish list for Santa.

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Speaker 1: When it comes to finances, write everything both big and

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00:23:09,640 --> 00:23:12,960
Speaker 1: small down, and of course include those really important things

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00:23:13,040 --> 00:23:16,240
Speaker 1: like having family holidays, being able to help pay for

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00:23:16,520 --> 00:23:19,479
Speaker 1: education for your children, perhaps or even your own education.

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00:23:19,600 --> 00:23:21,760
Speaker 1: If you're looking at changing your career path or want

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00:23:21,800 --> 00:23:24,120
Speaker 1: to take your career to the next level. Also think

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00:23:24,119 --> 00:23:28,600
Speaker 1: about those expenses like you know, upgrading cars and appliances,

430
00:23:28,720 --> 00:23:30,960
Speaker 1: and maybe even you might have desire to help pay

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00:23:31,000 --> 00:23:33,199
Speaker 1: for your children's wedding costs or maybe even help your

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00:23:33,280 --> 00:23:37,240
Speaker 1: children get into the property market. Write absolutely everything down.

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Speaker 1: I don't want it floating around in your head like

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00:23:39,880 --> 00:23:42,040
Speaker 1: a dream or a wish. I want it written down

435
00:23:42,080 --> 00:23:45,120
Speaker 1: so we can start forming some powerful goals around what

436
00:23:45,160 --> 00:23:48,200
Speaker 1: you truly want. What is your heart really calling you now?

437
00:23:48,600 --> 00:23:50,960
Speaker 1: When you start having goals in your life, it gives

438
00:23:50,960 --> 00:23:54,800
Speaker 1: you an incredible sense of direction and an amazing rush

439
00:23:54,880 --> 00:23:57,840
Speaker 1: of motivation, And of course this then helps you decide

440
00:23:58,200 --> 00:24:00,399
Speaker 1: what you want to prioritize when it comes to making

441
00:24:00,440 --> 00:24:04,480
Speaker 1: financial decisions, and once you've set your goals, you need

442
00:24:04,520 --> 00:24:07,400
Speaker 1: to then look at aligning a deadline to eat one

443
00:24:07,400 --> 00:24:09,840
Speaker 1: of those goals that you've written down from your Santa

444
00:24:09,960 --> 00:24:12,200
Speaker 1: wish list. But I want you to take it one

445
00:24:12,240 --> 00:24:14,880
Speaker 1: step further. When you look at those goals, you may

446
00:24:15,320 --> 00:24:17,960
Speaker 1: naturally feel a sense of overwhelmed. Think, oh my god,

447
00:24:17,960 --> 00:24:20,280
Speaker 1: that's ridiculous. How could I ever get two million dollars

448
00:24:20,280 --> 00:24:22,439
Speaker 1: into super How could I ever go and buy my

449
00:24:22,640 --> 00:24:26,040
Speaker 1: dream home? How could I ever possibly start investing? Don't

450
00:24:26,160 --> 00:24:28,239
Speaker 1: let that happen. I want you to look at that

451
00:24:28,280 --> 00:24:30,439
Speaker 1: goal and know that that is the end picture. That

452
00:24:30,560 --> 00:24:33,479
Speaker 1: is the game that we're going to work towards. We're

453
00:24:33,480 --> 00:24:35,560
Speaker 1: going to hold, that is the price. We're going then

454
00:24:35,640 --> 00:24:39,040
Speaker 1: go to work backwards by creating lots of smaller, mini,

455
00:24:39,160 --> 00:24:42,480
Speaker 1: bite sized goals to help make this happen, and help

456
00:24:42,520 --> 00:24:45,080
Speaker 1: this happen in achievable way where you're empowered and you

457
00:24:45,119 --> 00:24:47,480
Speaker 1: get started straight away. I want to quickly remind you

458
00:24:47,520 --> 00:24:50,000
Speaker 1: about one thousand dollars project. A thousand dollars project is

459
00:24:50,000 --> 00:24:53,360
Speaker 1: where I built a three hundred thousand dollars diversified share

460
00:24:53,400 --> 00:24:56,760
Speaker 1: portfolio which is still going today. Literally one thousand dollars

461
00:24:56,800 --> 00:24:59,480
Speaker 1: at a time. Now, if I set out to myself, Okay, Kenna,

462
00:24:59,800 --> 00:25:02,400
Speaker 1: you going to be building a three hundred thousand dollars

463
00:25:02,400 --> 00:25:05,159
Speaker 1: investment portfolio, I wouldn't have felt empowered. I would have

464
00:25:05,160 --> 00:25:09,120
Speaker 1: felt terrified, overwhelmed, and just I wouldn't have believed in myself.

465
00:25:09,440 --> 00:25:11,640
Speaker 1: But I didn't do that. I said to myself, can

466
00:25:11,640 --> 00:25:13,320
Speaker 1: I just focus on coming up with a thousand dollars

467
00:25:13,320 --> 00:25:14,920
Speaker 1: at a time, and the moment you have a thousand dollars,

468
00:25:14,960 --> 00:25:18,240
Speaker 1: immediately go and invest it in Australian shares and then

469
00:25:18,440 --> 00:25:20,359
Speaker 1: go back to ground one, start all over again and

470
00:25:20,359 --> 00:25:22,120
Speaker 1: come up with your next thousand dollars. And then when

471
00:25:22,160 --> 00:25:24,200
Speaker 1: you have that thousand dollars, go and invest it again. Now,

472
00:25:24,240 --> 00:25:25,920
Speaker 1: that is exactly what I did. I never took a

473
00:25:25,960 --> 00:25:28,040
Speaker 1: dollar out of my base salary. I never took a

474
00:25:28,080 --> 00:25:30,840
Speaker 1: dollar out of my savings. Of course, yes, I reinvested

475
00:25:30,880 --> 00:25:33,639
Speaker 1: the dividends all the way through. But this is the

476
00:25:33,720 --> 00:25:37,399
Speaker 1: power of taking a big, scary goal and then dissecting it,

477
00:25:37,640 --> 00:25:40,720
Speaker 1: breaking it down into lots of mini short term goals

478
00:25:40,960 --> 00:25:43,879
Speaker 1: so that you can get started, start seeing progress and

479
00:25:44,000 --> 00:25:47,119
Speaker 1: allow the power of compounding interest to work its magic

480
00:25:47,160 --> 00:25:48,960
Speaker 1: for you and help you along the way, which makes

481
00:25:49,000 --> 00:25:51,679
Speaker 1: it obviously all a little lot easier. You can do

482
00:25:51,800 --> 00:25:53,840
Speaker 1: this for yourself, and of course I'm going to link

483
00:25:53,920 --> 00:25:56,679
Speaker 1: both Mindful Money and the thousand Dollar Project in my

484
00:25:56,760 --> 00:25:59,199
Speaker 1: podcast notes for you, so you can have a go

485
00:25:59,240 --> 00:26:02,080
Speaker 1: at doing this for you yourself if you're interested. Step

486
00:26:02,200 --> 00:26:04,960
Speaker 1: number six we need to go back to that budget

487
00:26:04,960 --> 00:26:06,760
Speaker 1: that we did and we need to now review it

488
00:26:07,200 --> 00:26:10,639
Speaker 1: and we need to look at cutting expenses where and

489
00:26:10,800 --> 00:26:14,200
Speaker 1: if appropriate, trim the fat. I like to say, so

490
00:26:14,480 --> 00:26:16,600
Speaker 1: as you go through each bill that you wrote down

491
00:26:16,640 --> 00:26:19,360
Speaker 1: each expense, I want you to stop and question it.

492
00:26:19,440 --> 00:26:22,600
Speaker 1: Is there something you can do to alter it, to

493
00:26:22,800 --> 00:26:27,240
Speaker 1: cut it down or cut it out? Can you make switches?

494
00:26:27,359 --> 00:26:30,760
Speaker 1: Can you switch to a more affordable energy provider for example?

495
00:26:31,359 --> 00:26:36,280
Speaker 1: Can you negotiate a better deal or alter your subscriptional services?

496
00:26:36,800 --> 00:26:40,280
Speaker 1: Can you cancel anything? Can you do more planning and

497
00:26:40,320 --> 00:26:43,840
Speaker 1: preparation around what you do with your life to help

498
00:26:43,880 --> 00:26:46,120
Speaker 1: avoid having to waste money? For example? Can you catch

499
00:26:46,119 --> 00:26:48,840
Speaker 1: public transport instead of maybe catching a cab or driving

500
00:26:48,880 --> 00:26:51,840
Speaker 1: and having to spend lots of money on petrol? Can

501
00:26:51,840 --> 00:26:54,600
Speaker 1: you do meal prepping for example, to help reduce costs

502
00:26:55,359 --> 00:26:57,960
Speaker 1: start getting creative. As I want to remind you in

503
00:26:58,000 --> 00:27:00,480
Speaker 1: the Sugar Mamma Budget and Clash Flow Academy, there are

504
00:27:00,520 --> 00:27:03,119
Speaker 1: over one hundred different ideas to help you save money

505
00:27:03,119 --> 00:27:06,680
Speaker 1: in so many different areas of your life. Every dollar though,

506
00:27:06,960 --> 00:27:10,119
Speaker 1: that you can free up from doing your budget, I

507
00:27:10,200 --> 00:27:15,080
Speaker 1: want you to proactively redirect towards one of those goals,

508
00:27:15,480 --> 00:27:18,160
Speaker 1: or if you like, all of those goals. I do

509
00:27:18,160 --> 00:27:20,639
Speaker 1: not want you to become victim of a lifestyle creep.

510
00:27:20,640 --> 00:27:22,119
Speaker 1: And I do not want you to find that you

511
00:27:22,520 --> 00:27:24,359
Speaker 1: save twenty dollars a month here to then go and

512
00:27:24,440 --> 00:27:29,280
Speaker 1: spend that twenty dollars on something else. Temptation is wild,

513
00:27:29,400 --> 00:27:33,120
Speaker 1: particularly with social media, and you know just the world

514
00:27:33,160 --> 00:27:35,000
Speaker 1: that we live in right now, whether we try and

515
00:27:35,040 --> 00:27:37,960
Speaker 1: avoid ads, we get served ads all the time. So

516
00:27:38,040 --> 00:27:40,080
Speaker 1: I want you to make every single dollar that you

517
00:27:40,119 --> 00:27:42,720
Speaker 1: can cut out of your budget count, and I want

518
00:27:42,800 --> 00:27:45,000
Speaker 1: to go towards helping you get back on your feet

519
00:27:45,080 --> 00:27:49,120
Speaker 1: financially and rebuild as a single parent. Now. For example,

520
00:27:49,520 --> 00:27:51,760
Speaker 1: say one of my goals is to build up you know,

521
00:27:51,840 --> 00:27:54,320
Speaker 1: fifty thousand dollars emergency money, and I go through my

522
00:27:54,359 --> 00:27:56,760
Speaker 1: budget and I discover one hundred and fifty dollars that

523
00:27:56,840 --> 00:27:59,679
Speaker 1: I can cut out of my budget per month. I

524
00:27:59,760 --> 00:28:02,159
Speaker 1: want to replace that immediately, and I want to make

525
00:28:02,200 --> 00:28:05,439
Speaker 1: it as easy as possible with so many things that

526
00:28:05,440 --> 00:28:07,119
Speaker 1: I've got to juggle right now, I would go and

527
00:28:07,240 --> 00:28:09,720
Speaker 1: replace that with an automatic one hundred and fifty dollars

528
00:28:09,720 --> 00:28:12,720
Speaker 1: per month savings plan, where one hundred and fifty dollars

529
00:28:12,720 --> 00:28:16,520
Speaker 1: comes out of my everyday account into that special emergency

530
00:28:16,560 --> 00:28:19,399
Speaker 1: savings account, which is obviously linked to my fifty thousand

531
00:28:19,440 --> 00:28:22,480
Speaker 1: dollar goal. I would also go a nickname that emergency

532
00:28:22,480 --> 00:28:26,080
Speaker 1: savings account, my emergency savings account, and I would put

533
00:28:26,080 --> 00:28:28,840
Speaker 1: that figure of fifty thousand dollars in as a nickname

534
00:28:28,920 --> 00:28:31,080
Speaker 1: against that account, so that every time I logged into

535
00:28:31,119 --> 00:28:34,000
Speaker 1: my Internet banking I was continuously reminded as to what

536
00:28:34,080 --> 00:28:37,119
Speaker 1: my goal is and where that money is up to,

537
00:28:37,600 --> 00:28:39,920
Speaker 1: and feel proud that I'm making a change in my life.

538
00:28:39,960 --> 00:28:43,920
Speaker 1: I'm doing things differently, I'm doing things better. Trust me

539
00:28:43,960 --> 00:28:45,840
Speaker 1: on this. It is so important that you do not

540
00:28:45,920 --> 00:28:49,320
Speaker 1: go and spend that money elsewhere. You want to redirect

541
00:28:49,360 --> 00:28:53,360
Speaker 1: like a traffic control director, where every single new dollar

542
00:28:53,760 --> 00:28:59,200
Speaker 1: actually goes in your life. Step number seven Protecting yourself properly. Now,

543
00:28:59,240 --> 00:29:01,640
Speaker 1: this is an area that a lot of people overlook

544
00:29:01,760 --> 00:29:06,719
Speaker 1: and completely underestimate, but it is so critical. If something

545
00:29:06,800 --> 00:29:09,360
Speaker 1: was to happen to you from a medical perspective, how

546
00:29:09,400 --> 00:29:12,440
Speaker 1: would you and your children be financially protected? What I'm

547
00:29:12,440 --> 00:29:15,440
Speaker 1: talking about here is what personal insurances do you have

548
00:29:15,560 --> 00:29:18,640
Speaker 1: in place? On top of emergency money, on top of

549
00:29:18,760 --> 00:29:21,520
Speaker 1: sickly or annually that you might have accumulated. What do

550
00:29:21,560 --> 00:29:24,160
Speaker 1: you have to make sure that you can continue on

551
00:29:24,320 --> 00:29:27,520
Speaker 1: putting food on the table, paying the rent, paying the mortgage,

552
00:29:27,760 --> 00:29:30,320
Speaker 1: making sure that you can maintain some sort of lifestyle.

553
00:29:30,360 --> 00:29:32,480
Speaker 1: What do you have in place? Now? This is where

554
00:29:32,600 --> 00:29:36,280
Speaker 1: the conversations around income protection insurance come in. Making sure

555
00:29:36,280 --> 00:29:38,320
Speaker 1: that if you can't work during to medical reason, an

556
00:29:38,320 --> 00:29:40,680
Speaker 1: insurance company will pay you up to seventy five percent

557
00:29:40,920 --> 00:29:43,120
Speaker 1: of your income until you can return back to work

558
00:29:43,240 --> 00:29:45,920
Speaker 1: or until an agreed age such as age sixty five.

559
00:29:46,040 --> 00:29:49,440
Speaker 1: What about total imperment disablement? If you had become paralyzed

560
00:29:49,560 --> 00:29:51,520
Speaker 1: and can't work, what can you do? What can you

561
00:29:51,560 --> 00:29:53,240
Speaker 1: fall back on? These are the things you look at.

562
00:29:53,280 --> 00:29:56,000
Speaker 1: A large lump sum that helps put your family into

563
00:29:56,080 --> 00:29:58,880
Speaker 1: a home, a home without a mortgage, trauma cover what

564
00:29:58,920 --> 00:30:01,200
Speaker 1: would happen if you had be diagnosed with a serious

565
00:30:01,320 --> 00:30:05,280
Speaker 1: illness like a stroke or cancer diagnosis. You know, some

566
00:30:05,320 --> 00:30:07,880
Speaker 1: people can actually return to work and actually want to

567
00:30:07,920 --> 00:30:10,920
Speaker 1: work when they're sick. It's a form of distraction. But

568
00:30:10,960 --> 00:30:13,600
Speaker 1: they're still left with the medical bills and they still

569
00:30:13,640 --> 00:30:15,920
Speaker 1: have to make measure changes to their lifestyle. They might

570
00:30:15,960 --> 00:30:19,600
Speaker 1: have recovery and rehabilitation expenses. This is where trauma insurance

571
00:30:19,640 --> 00:30:22,200
Speaker 1: comes in. You have got to go and get some

572
00:30:22,280 --> 00:30:25,360
Speaker 1: advice around this to make sure that you protect your family.

573
00:30:25,760 --> 00:30:28,720
Speaker 1: And I understand that as a single parent, money is

574
00:30:28,840 --> 00:30:33,760
Speaker 1: most often tight, but some of these expenses, these policies

575
00:30:34,000 --> 00:30:37,400
Speaker 1: can actually be owned and paid for via super so

576
00:30:37,440 --> 00:30:40,280
Speaker 1: it actually is a lot more affordable than you think.

577
00:30:40,320 --> 00:30:42,080
Speaker 1: And there are things you can do to tweak and

578
00:30:42,160 --> 00:30:44,640
Speaker 1: change existing policies so that you don't need to run

579
00:30:44,680 --> 00:30:46,960
Speaker 1: the risk of canceling cover, because that's something I would

580
00:30:46,960 --> 00:30:49,360
Speaker 1: never recommend. But again, this is the importance of speaking

581
00:30:49,360 --> 00:30:52,320
Speaker 1: to a financial planner and getting them to review those policies,

582
00:30:52,600 --> 00:30:54,480
Speaker 1: make some calls on your behalf and see what could

583
00:30:54,520 --> 00:30:56,920
Speaker 1: be done to make them more budget friendly, but most importantly,

584
00:30:56,960 --> 00:30:59,360
Speaker 1: to make sure you are properly protected to the best

585
00:30:59,360 --> 00:31:01,600
Speaker 1: of your ability. And as I said, this goes beyond

586
00:31:01,640 --> 00:31:04,800
Speaker 1: emergency money. This goes beyond and you'll even sick leave.

587
00:31:05,080 --> 00:31:08,040
Speaker 1: Of course, yes, those things help, but you need long

588
00:31:08,120 --> 00:31:10,600
Speaker 1: term protection and this is where the value of personal

589
00:31:10,600 --> 00:31:14,320
Speaker 1: insurance comes in. So please make sure you touch on this,

590
00:31:14,400 --> 00:31:16,840
Speaker 1: you get advice, and you think about what you've got.

591
00:31:16,920 --> 00:31:19,240
Speaker 1: And if you're wondering, do I have these policies, yes,

592
00:31:19,280 --> 00:31:20,760
Speaker 1: I do. I took these out when I was in

593
00:31:20,800 --> 00:31:23,120
Speaker 1: my early twenties and I still have them today even

594
00:31:23,160 --> 00:31:24,800
Speaker 1: though I'm not a single parent, because I have other

595
00:31:24,880 --> 00:31:27,200
Speaker 1: financial responsibilities in my life and I never want to

596
00:31:27,240 --> 00:31:31,280
Speaker 1: be a financial burden to my children or my partner. Tom. Okay,

597
00:31:31,440 --> 00:31:34,680
Speaker 1: so now you have it seven steps. What I would

598
00:31:34,720 --> 00:31:36,840
Speaker 1: do personally if I was starting all over again as

599
00:31:36,880 --> 00:31:39,320
Speaker 1: a single parent from scratch, and I will say this,

600
00:31:39,560 --> 00:31:43,440
Speaker 1: my superannuation would be a bigger priority than investing, particularly

601
00:31:43,440 --> 00:31:46,440
Speaker 1: as someone who's approaching their mid forties. So I'm going

602
00:31:46,480 --> 00:31:49,920
Speaker 1: to quickly recap these points with you. Number One mindset.

603
00:31:50,040 --> 00:31:53,680
Speaker 1: Investing time in your mindset. Writing down those blessings shifts you,

604
00:31:54,040 --> 00:31:56,480
Speaker 1: helps you snap out of fear and puts you into

605
00:31:56,520 --> 00:32:00,120
Speaker 1: a place of empowerment. Number two. Doing a budget, but

606
00:32:00,160 --> 00:32:03,200
Speaker 1: more importantly, building a cash flow system that's in alignment

607
00:32:03,200 --> 00:32:05,600
Speaker 1: to your budget will give you the clarity but also

608
00:32:05,640 --> 00:32:08,080
Speaker 1: will give you the direction for your money, so that

609
00:32:08,120 --> 00:32:11,000
Speaker 1: you are never living paycheck to paycheck. You proactively have

610
00:32:11,280 --> 00:32:13,640
Speaker 1: money set up for when you need it. Number three

611
00:32:13,920 --> 00:32:17,280
Speaker 1: financial stock take This is your starting point and things

612
00:32:17,320 --> 00:32:19,840
Speaker 1: are only going to grow from here. Step number four

613
00:32:20,120 --> 00:32:23,479
Speaker 1: prioritizing your superannuation. If you couldn't tell, I'm really passionate

614
00:32:23,520 --> 00:32:27,520
Speaker 1: about this, that is obviously ensuring your long term financial independence,

615
00:32:27,600 --> 00:32:29,880
Speaker 1: Promise me you will not put this off. Number five

616
00:32:30,200 --> 00:32:34,200
Speaker 1: setting clear goals. I want you to define what success

617
00:32:34,240 --> 00:32:37,200
Speaker 1: looks like for you. Money loves definition and clarity, So

618
00:32:37,520 --> 00:32:41,440
Speaker 1: give those goals so much detail and enjoy the process

619
00:32:41,480 --> 00:32:43,480
Speaker 1: of doing your goals. It's exciting. You learn a lot

620
00:32:43,480 --> 00:32:46,480
Speaker 1: about yourself. Number six. Trimming the fat, looking at those

621
00:32:46,520 --> 00:32:51,520
Speaker 1: expenses strategically, and most importantly, redirecting every single saving that

622
00:32:51,560 --> 00:32:54,840
Speaker 1: you discover, and reviewing your budget towards your financial future.

623
00:32:55,000 --> 00:32:58,360
Speaker 1: That is those goals that you listed from step number five,

624
00:32:58,600 --> 00:33:02,479
Speaker 1: and of course step number seven. Protect protect yourself with

625
00:33:02,640 --> 00:33:06,520
Speaker 1: personal insurance of course, yes, emergency money yes, making sure

626
00:33:06,560 --> 00:33:09,000
Speaker 1: that you've got other passive income sources if you're able

627
00:33:09,080 --> 00:33:10,960
Speaker 1: and in a situation where you can invest. But I

628
00:33:11,000 --> 00:33:14,160
Speaker 1: want to make sure that you secure yourself for your children.

629
00:33:14,320 --> 00:33:17,720
Speaker 1: Nar to remind you, becoming a single parent is scary,

630
00:33:17,800 --> 00:33:20,760
Speaker 1: it's daunting. I've been there, I have gone through it.

631
00:33:21,040 --> 00:33:23,200
Speaker 1: But I'm so glad I went through it because I've

632
00:33:23,200 --> 00:33:26,960
Speaker 1: come out stronger, wiser, and smarter. And this journey for

633
00:33:27,040 --> 00:33:30,200
Speaker 1: you right now is not about perfection. It's about progress,

634
00:33:30,320 --> 00:33:33,240
Speaker 1: finding yourself, finding the strength within to get back on

635
00:33:33,280 --> 00:33:36,200
Speaker 1: your feet again. Because you can do this, you will

636
00:33:36,200 --> 00:33:38,720
Speaker 1: do this, and I, of course I want you to

637
00:33:38,880 --> 00:33:42,120
Speaker 1: enjoy the process. Every decision that you make today brings

638
00:33:42,160 --> 00:33:46,520
Speaker 1: you closer to sexy, powerful financial independence. I know myself

639
00:33:46,520 --> 00:33:49,280
Speaker 1: that each dollar that came off my mortgage, each month

640
00:33:49,320 --> 00:33:51,760
Speaker 1: that I got through on my own, on my paycheck

641
00:33:51,840 --> 00:33:54,400
Speaker 1: alone as a single parent, helped me actually see the

642
00:33:54,480 --> 00:33:57,120
Speaker 1: light again and made me realize that actually, I can

643
00:33:57,200 --> 00:33:59,240
Speaker 1: do this. I can do this on my own. Because

644
00:33:59,240 --> 00:34:01,600
Speaker 1: I'm doing it on my own. I did this work

645
00:34:01,760 --> 00:34:05,280
Speaker 1: and it most definitely paid off, not just financially, but

646
00:34:05,360 --> 00:34:09,319
Speaker 1: emotionally and mentally and spiritually as well. And I look

647
00:34:09,400 --> 00:34:12,520
Speaker 1: back with so much pride, and I do look back

648
00:34:12,560 --> 00:34:14,920
Speaker 1: and go, wow, I can't believe I got through that.

649
00:34:15,200 --> 00:34:16,960
Speaker 1: I don't know how I got through that, but I

650
00:34:17,000 --> 00:34:19,640
Speaker 1: got through that because I had no other choice but

651
00:34:19,719 --> 00:34:22,280
Speaker 1: to do it. And I know Rocco is so proud

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00:34:22,280 --> 00:34:24,239
Speaker 1: of me and so proud of what we did. And

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00:34:24,320 --> 00:34:26,680
Speaker 1: I believe I set a really great example for him

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00:34:26,680 --> 00:34:28,319
Speaker 1: and it was a great role model for him at

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00:34:28,320 --> 00:34:31,239
Speaker 1: the time. So if this episode today resonated with you,

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00:34:31,280 --> 00:34:33,279
Speaker 1: please make sure that you share it with any other

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00:34:33,600 --> 00:34:36,279
Speaker 1: single parents, both moms and dads, who need a little

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00:34:36,280 --> 00:34:40,360
Speaker 1: bit of help, guidance, motivation, and encouragement right now. In

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00:34:40,400 --> 00:34:42,880
Speaker 1: the meantime, thank you so much for listening to Sugar

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00:34:42,920 --> 00:34:46,560
Speaker 1: Mamma's Fireplay. Of course, please don't forget to subscribe, leave

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00:34:46,600 --> 00:34:48,560
Speaker 1: a review, let me know what other topics you'd like

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00:34:48,600 --> 00:34:51,080
Speaker 1: me to talk about, and I will see you next

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00:34:51,120 --> 00:34:54,439
Speaker 1: Monday morning. And in the meantime, promise me you'll keep

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00:34:54,480 --> 00:34:58,960
Speaker 1: that financial fire burning bright within. This is Sugar Mamma's

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00:34:59,040 --> 00:34:59,400
Speaker 1: firepl