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Speaker 1: Welcome back to start Here, the very special mini series

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Speaker 1: within Sugar Mamma's Fireplay, where I proudly answer your real

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Speaker 1: life money questions with practical, empowering advice to help you

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Speaker 1: simply get started. Today's question comes from Mandy, who wrote, Hi, Canna,

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Speaker 1: My question is about financial burnout. I've been saving for years,

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Speaker 1: being frugal, saying no cutting back. Initially it was worth

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Speaker 1: it as I could see my savings, which is for

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Speaker 1: a home deposit grow. But with everything so expensive, not

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Speaker 1: only am I not able to save, but I'm now

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Speaker 1: going backwards because I have to use my savings and

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Speaker 1: this is just for the essentials. I am feeling so

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Speaker 1: deflated and defeated, and I'm not sure it's actually worth

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Speaker 1: trying anymore. Can you please help me? I feel I

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Speaker 1: need a start here pep talk cheers Mandy. All right.

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Speaker 1: First of all, thank you Mandy for writing with such honesty.

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Speaker 1: I know that so many listeners are now will relate

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Speaker 1: deeply to this. The exhaustion, the frustration, the feeling that

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Speaker 1: despite you are doing and trying everything and trying to

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Speaker 1: do everything perfectly and right, the system's working against you

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Speaker 1: and you are not alone. I can personally relate to

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Speaker 1: this as well, particularly right now, and it really does

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Speaker 1: feel like one step forward and then one and a

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Speaker 1: half back. So today I want to give you both

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Speaker 1: a pep talk but also five practical steps to help

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Speaker 1: you reignite that financial fire within you, because I believe

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Speaker 1: it's still there. So let's get cracking, all right, Mandy

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Speaker 1: and everyone else is listening, that's feeling that they can

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Speaker 1: relate to this sense of burnout right now, and that

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Speaker 1: is we need to acknowledge the burnout. Financial burnout is

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Speaker 1: real when you have been hustling, saving and cutting back,

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Speaker 1: saying no for so long, for years, and then you've

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Speaker 1: got rising costs eating away at everything, at all of

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Speaker 1: your hard work. It feels like you are like running

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Speaker 1: on a treadmill that is set on sprint mode without

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Speaker 1: ever actually getting anywhere or getting ahead. So we need

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Speaker 1: to take a moment to stop and acknowledge this. The

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Speaker 1: first step for you, Mandy and everybody listening right now

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Speaker 1: is to recognize that this is not a personal or

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Speaker 1: financial failure whatsoever. It is the environment that we're all

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Speaker 1: living in right now. Inflation, rent, mortgage rates, groceries, fuel electricity,

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Speaker 1: they have all risen so much. The fact that you

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Speaker 1: have saved money in the first place shows enormous discipline

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Speaker 1: and resilience. Please take a note of that now, that

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Speaker 1: skill to save hasn't actually gone away. What has actually

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Speaker 1: happened is your energy is starting to run out, or

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Speaker 1: it's already run out. And guess what, that's okay. You

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Speaker 1: are human at the end of the day. And part

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Speaker 1: of this solution is to stop blaming yourself and find

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Speaker 1: a way to start nurturing your financial wellbeing again, which

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Speaker 1: brings me now a step two, and that is we

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Speaker 1: need to redefine what progress looks like under today's terms.

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Speaker 1: You see, when you have a goal, an exciting goal,

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Speaker 1: that you're working on, and it feels like it's quite

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Speaker 1: far away, you know, in your instance, you know, saving

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Speaker 1: for a deposit in today's housing market, it can feel

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Speaker 1: at times pointless and unobtainable, particularly in moments where we're

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Speaker 1: running out of energy. You know, we lose that vital

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Speaker 1: connection to that goal that we are working on and

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Speaker 1: we're supposed to be passionate about. But the thing is,

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Speaker 1: and we need to remember this, progress doesn't mean necessarily

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Speaker 1: a growing bank balance, or a growing investment portfolio or

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Speaker 1: a big fat superannuation account. Progress can look like lots

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Speaker 1: of other things that are as equally as important, such

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Speaker 1: as staying out of debt, or covering your living expenses

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Speaker 1: without having to reach for a credit card, or reviewing

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Speaker 1: your budget on a regular basis and your transactions to

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Speaker 1: help make sure that you're sticking to your budget. Or

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Speaker 1: progress is even just building really small habits that protect

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Speaker 1: your financial wellbeing and help reduce that financial stress. That

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Speaker 1: is still progress. It's not just the numbers that dictate

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Speaker 1: your progress in a bank balance or a share portfolio.

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Speaker 1: So sometimes we need to remember that we have to

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Speaker 1: zoom out and take a look back at the big picture. Actually,

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Speaker 1: here's a better way of sort of looking at it.

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Speaker 1: You know, this isn't a sprint that you're working on.

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Speaker 1: It's a marathon, and just like you know any marathon,

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Speaker 1: there is so much important pre training. Any personal trainer

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Speaker 1: or anyone who runs a marathon will tell you how

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Speaker 1: vital the pre training is. You know, you spend months

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Speaker 1: building up the fitness, showing up to the gym, going

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Speaker 1: on those long walks and those jobs, working on your flexibility,

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Speaker 1: building up your endurance you're going to need long before

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Speaker 1: you that big day arise where you have to do

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Speaker 1: that marathon now, right now, even if your savings aren't

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Speaker 1: actually growing, or they might even be plateauing and going backwards.

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Speaker 1: As you say, you've got to recognize that you are

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Speaker 1: in this pre training mode phase. And the more time

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Speaker 1: you spend planning and preparing, the smoother and the more

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Speaker 1: enjoyable this marathon day will be when it comes, and

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Speaker 1: it will come, I believe in you. See that right now,

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Speaker 1: you're learning how to manage your money under pressure, You're

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Speaker 1: learning how to adapt when conditions change and get hard,

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Speaker 1: and you're actually learning how to build resilience. These are

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Speaker 1: the skills and the strengths you're building right now that

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Speaker 1: are actually going to serve you well into the future

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Speaker 1: and actually help magnify your financial journey so much more.

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Speaker 1: And when that opportunity does come to finally buy your

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Speaker 1: dream home, and whether it be like a change in

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Speaker 1: the market or you know, maybe more income or a

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Speaker 1: chance to buy, you are going to be so ready.

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Speaker 1: You're going to be so organized, you're going to be

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Speaker 1: so educated and informed, you'll have so much endurance under

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Speaker 1: your belt, and you're going to cross that finish line

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Speaker 1: without any financial injury or burnout. So please don't dismiss

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Speaker 1: this particular stage that you're in right now. It's deeped out.

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Speaker 1: It's a blessing in disguise. It's laying down the foundation

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Speaker 1: for the moment that you finally get to run your

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Speaker 1: financial mind. And that is sign that contract when you

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Speaker 1: buy this dream home of yours. Now Step three, we've

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Speaker 1: got to remember to bring back some joy and balance

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Speaker 1: into our lives. All work and no play makes someone

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Speaker 1: saying someone a boring person. Now I'm going to give

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Speaker 1: you a bit of a pep talk, so brace yourself.

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Speaker 1: If all you ever do is cut back, say no,

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Speaker 1: and continuously make sacrifice after sacrifice, burnout is inevitable. We

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Speaker 1: need to learn how to reframe this. I want you

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Speaker 1: to give yourself permission to include small joys in your budget,

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Speaker 1: whether it is a coffee with a friend, a family outing,

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Speaker 1: or a little like financially friendly treat you know, a massage,

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Speaker 1: a pedicure, even a new pair of shoes if you like.

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Speaker 1: Don't think of these as failures or self destruction. They're

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Speaker 1: actually fuel. They are investments for your further financial success. Focus.

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Speaker 1: They help keep you motivated long enough until you reach

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Speaker 1: your big goal. Recently, someone said something to me and

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Speaker 1: it really resonated with me, and they said, frugality is

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Speaker 1: a tool, not a lifestyle sentence. Now, I really love

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Speaker 1: this way of thinking because it's a reminder that you

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Speaker 1: can actually pick up that tool of being frugal when

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Speaker 1: you need it, and you can use it strategically to

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Speaker 1: help you achieve something that's really important to you. But

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Speaker 1: you've also got to know when to put that frugal

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Speaker 1: tool down and maybe look at even switching tools so

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Speaker 1: that you don't ever rob yourself of joy, pleasure, and

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Speaker 1: healthy balance in life. Remember, the goal isn't just about

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Speaker 1: buying a home and owning a home, but it's also

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Speaker 1: to enjoy your life, to live it to its maximum

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Speaker 1: and to be proud to fill it with love and

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Speaker 1: happiness and experiences along the way. That's true wealth. Now

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Speaker 1: step four, what can we actually do? You know, what

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Speaker 1: are the practical sides here to also help us? You know,

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Speaker 1: I guess snap out of this and that is we

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Speaker 1: need to perhaps look at adjusting the strategy, but not

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Speaker 1: the dream or the goal. So let's get really practical.

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Speaker 1: You and I, if saving for a deposit in Sydney

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Speaker 1: or whichever, may just area you're living in right now.

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Speaker 1: If this is feeling impossible, maybe it's time to press

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Speaker 1: pause and make a few tweaks and changes and adjustments.

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Speaker 1: You know, ask yourself a few questions, you know, take

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Speaker 1: a moment to reflect. Could you maybe extend your timeline

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Speaker 1: instead of actually abandoning this goal? You know, if you

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Speaker 1: had your heart set on achieving it by the end

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Speaker 1: of the year, perhaps you maybe need to look at

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Speaker 1: changing that deadline to maybe, you know, July next year, perhaps,

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Speaker 1: or whatever makes you feel a bit more empowered, Or

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Speaker 1: perhaps you need to explore alternative paths, like maybe buying

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Speaker 1: in a different area, or maybe buying a smaller stepping

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Speaker 1: stone to get into the property market, or maybe not

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Speaker 1: buying a place that you want to live in necessarily

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Speaker 1: straight away, but buying it as an investment property first

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Speaker 1: and then look to move in further down the track.

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Speaker 1: You know, having that rental income when you are looking

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Speaker 1: for a mortgage application, that might actually help mean that

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Speaker 1: you need a smaller deposit and actually get your loan

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Speaker 1: approved faster and mean that you can start shopping sooner.

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Speaker 1: You know, explore what are the other options here to

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Speaker 1: help you achieve this goal. You know, could you perhaps

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Speaker 1: change your living arrangements to save more? You know, I've

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Speaker 1: shared this before, I think on how to they afford that,

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Speaker 1: But a lot of my friends actually moved back in

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Speaker 1: at home with their parents. And I'm not talking like

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Speaker 1: my single friends. I'm talking my friends and their husbands

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Speaker 1: and even their kids. In some cases, they moved back

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Speaker 1: in with their parents to help save and you know,

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Speaker 1: some of them even looked at moving overseas to take

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Speaker 1: on you know, nine months contracts or twelve month contracts

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Speaker 1: overseas because allowed them to be able to save more

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Speaker 1: money and be on a different tax rate. And it helped.

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Speaker 1: Every single one of my friends made this sacrifice and

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Speaker 1: did this and change their living expenses in order to

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Speaker 1: save more money sooner. It actually helped every single one

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Speaker 1: of them, and some of them massively so. And I

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Speaker 1: understand that this is not obviously an option for everyone.

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Speaker 1: You know, it is a way I guess right now

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Speaker 1: looking at things differently, questioning what you could do what

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Speaker 1: you hadn't thought of before that actually might work. You

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Speaker 1: know that there may be a stroke of genius in

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Speaker 1: asking yourself a ridiculous question and answer going through this

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Speaker 1: particular process. But the ultimate question is is what can

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Speaker 1: you change in your life right now to help I

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Speaker 1: guess create some extra money in your life or some

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Speaker 1: more breathing rooms you can get back on track with

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Speaker 1: your savings again. And sometimes the most empowering thing you

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Speaker 1: can do is actually just accept that the original path

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Speaker 1: that you picked and designed for yourself is just temporarily

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Speaker 1: blocked right now, and the dream itself is definitely still

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Speaker 1: important and valid, but we just need to look at

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Speaker 1: maybe a detour to help you get started and keep

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Speaker 1: moving forward, which then brings me on to my next step,

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Speaker 1: step five, and that is leaning on your community and support,

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Speaker 1: and I include myself as part of your community and

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Speaker 1: your support. You know, one of the best antidotes for

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Speaker 1: financial burd burnout is connection. Social media so often gets

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Speaker 1: criticized for fueling this like comparison and this encouraging this overspending,

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Speaker 1: but it's also an incredible debt free and financial independence

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Speaker 1: community online, which I am a little bit addicted to,

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Speaker 1: you know, personally, I find it so inspiring to look

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Speaker 1: at these accounts and I'm going to go link a

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Speaker 1: few examples in the podcast notes for you, but it

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Speaker 1: is definitely one of my most helpful go tos when

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Speaker 1: I am feeling financially flat or even unmotivated. And yes,

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Speaker 1: I'm someone who would define myself as someone who's very

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Speaker 1: motivated in all other aspects of my life, not just financially.

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Speaker 1: But there are moments where yes, I hit a ball

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Speaker 1: and I just I can't be bothered anymore. And this

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Speaker 1: is why I love these particular groups on TikTok on

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Speaker 1: Instagram that give me the kickup ars even YouTube actually

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Speaker 1: to get back on track again and to snap out

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Speaker 1: of this mood. You know, these communities, and as I said,

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Speaker 1: I'll share them in the podcast notes for you. But

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Speaker 1: these people that I follow, you know, they share their struggles,

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Speaker 1: their setbacks, and they share their wins as well in

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Speaker 1: real time, and they remind me that we're not alone.

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Speaker 1: And I think they'll do the same for you, and

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Speaker 1: they act as like a cheerleader, and they also help

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Speaker 1: keep you accountable. And sometimes it's that little boost of

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Speaker 1: encouragement in a really real way that is exactly what

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Speaker 1: gets you through the day and gets you through one

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Speaker 1: week after the other onwards and upwards. So if you

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Speaker 1: are feeling isolated right now on this financial journey. Then

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Speaker 1: find those safe supporters faces where money conversations are honest,

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Speaker 1: they're real, but they're also really kind because I feel

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Speaker 1: like that's what you need right now, some self love,

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Speaker 1: some self respect, and just a sense of nurturing that

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Speaker 1: financial wellbeing again. Now, this then leads me to my

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Speaker 1: next step. And I'm apologies. I just I think I

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Speaker 1: said at the beginning of this podcast, i'd only be

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Speaker 1: giving you five steps. I've actually got six steps, and

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Speaker 1: that is to reignite your motivation. But doing this so

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Speaker 1: with micro goals, motivation comes from seeing small little wins

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Speaker 1: along the way. You know, progress feels success, and the

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Speaker 1: way that we see that progress is by acknowledging seeing

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Speaker 1: all those little bits of progress, you know, instead of

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Speaker 1: seeing that massive goal like save one hundred and fifty

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Speaker 1: thousand dollars for a deposit. Even I would be like, yeah, yeah,

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Speaker 1: I'm not even going to bother trying. But if I

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Speaker 1: said to myself, I'm going to say fifteen hundred dollars,

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Speaker 1: you know, which represents one percent of that goal, I'm like, oh, yeah, okay,

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Speaker 1: I'll do that. I'll give it that a go. Why not,

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Speaker 1: I've got nothing to lose. It's more empowering, it's encouraging.

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Speaker 1: It actually kind of feels like an inclusive goal. So

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Speaker 1: looking at your micro goals, what micro goals can we

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Speaker 1: help create for you right now and for everyone else

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Speaker 1: listening that's working on the goals? You know, how can

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Speaker 1: you break it down? I hate to bang on about this,

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Speaker 1: but this is the thousand dollar project principle. I didn't

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Speaker 1: set out to build a three hundred and fifty thousand

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Speaker 1: dollars share portfolio. I just set out to invest a

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Speaker 1: thousand dollars and then I just repeated that over and

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Speaker 1: over and over again. And obviously compounding interest and a

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Speaker 1: bit of gearing along the way has helped create this.

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Speaker 1: It actually hasn't been that hard because I've just focused

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Speaker 1: on what I can do in the moment. So what

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Speaker 1: little micro goals and I don't say little to undermine

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Speaker 1: or patronize, but what you know, goals can you feel

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Speaker 1: that you can do right now in this moment that

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Speaker 1: are approachable, inclusive, and achievable. You know, have a think

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Speaker 1: about this. Perhaps it's a goal to just to say

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Speaker 1: five hundred dollars by the end of the month, or

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Speaker 1: even fifty dollars at the end of the month. I

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Speaker 1: don't care how big or how small it is, or

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Speaker 1: what new side hustle can you find. Can you declutter

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Speaker 1: some things in your home and try and set a

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Speaker 1: goal to save or make one thousand dollars from decluttering

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Speaker 1: your home and things that you don't use anymore, don't

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Speaker 1: want anymore, you've outgrown or don't or you have duplicateslf

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Speaker 1: or perhaps you have a goal but you make like

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Speaker 1: a little challenge. You don't allow yourself to touch your

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Speaker 1: deposit money for thirty days straight. Or perhaps you need

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Speaker 1: to look at, you know, applying for some additional jobs.

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Speaker 1: Is there some weekend work. Perhaps you have a skill

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Speaker 1: that you can look at monetizing. Maybe you're really good

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Speaker 1: with a camera, Maybe you're really good at building websites.

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Speaker 1: Perhaps you can do some copywriting. Like what other little

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Speaker 1: skills do you have that can you can create a

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Speaker 1: fun challenge for yourself where you just need to come

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Speaker 1: up with an extra one thousand dollars five hundred dolls,

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Speaker 1: one hundred dollars you can put towards your goals. You know,

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Speaker 1: every little tiny win really does add momentum and motivation,

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Speaker 1: and that momentum keeps that fire burning, even where the

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Speaker 1: bigger picture feels so heavy and exhausting and completely intimidating. Remember,

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Speaker 1: you know, no journey is ever linear, whether it be financial,

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Speaker 1: whether it be fitness, whether it be about your own

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Speaker 1: personal growth and development. It's every small step that you

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Speaker 1: show up and put your sneakers on to take and

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Speaker 1: move forward is what counts. Now, Mandy, as I wrap

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Speaker 1: up today's episode, I want to just know that I

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Speaker 1: am here for you, and I'm here for everybody else

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Speaker 1: who can relate to this and is feeling this. You

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Speaker 1: have not failed. Nobody has failed. We are all tired,

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Speaker 1: and for a very good reason because we've been having

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Speaker 1: a go. If we hadn't been trying or even take

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Speaker 1: bothered to have a crack, we wouldn't be feeling this way.

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Speaker 1: We'd be burying our head in the sand. But no,

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Speaker 1: we are all different because we are not settling, we're

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Speaker 1: not being complacent. We're trying to improve our financial wellbeing

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Speaker 1: and this will pay off. It will pay off for

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Speaker 1: all of us. Now. The thing is, though, the fact

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Speaker 1: that you are asking for help, you have taken the

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Speaker 1: time to pick up your phone to write this long

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Speaker 1: message to me. It tells me something really big, really

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Speaker 1: important that I want you to know and understand and

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Speaker 1: feel proud about yourself. It tells me, and I should

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Speaker 1: say that also for everyone who's listening to this episode,

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Speaker 1: because it tells me that you and everyone listening is

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Speaker 1: not giving up, and that is to be commended. You're

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Speaker 1: listening to this podcast, you're asking for help, you are

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Speaker 1: looking for solutions. That is brilliant, that is exciting. So everybody,

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Speaker 1: Mandy and everyone listening right now, give yourself grace, read

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Speaker 1: a fine what progress looks for you right now, Allow

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Speaker 1: some space to breathe and to have some moments for

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Speaker 1: joy and pleasure. Adjust your strategy if you need to,

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Speaker 1: but promise me this, don't give up. Hold on to

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Speaker 1: that goal. Believe in yourself, go for that dream, surround

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Speaker 1: yourself with supportive voices, and celebrate every single little win

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Speaker 1: ten dollars, one hundred dollars, one thousand dollars that keeps

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Speaker 1: you moving forward, because one day, when you look back,

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Speaker 1: you're going to realize it wasn't actually the size of

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Speaker 1: your savings account that actually defined you. It was something

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Speaker 1: way bigger, way more important. It was your persistence, your

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Speaker 1: resilience and your refusal to quit, and that is something

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Speaker 1: that money can never buy. You're a little bit passionate. Now,

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Speaker 1: if this episode has given you a boost, man, and

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Speaker 1: has given all the listeners a kick of inspiration, motivation, empowerment,

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Speaker 1: can you please do me a huge favor because it

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Speaker 1: would mean so much to me. Can you please go

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Speaker 1: and send it and share it on your socials with

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Speaker 1: anyone else who might be struggling right now with financial

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Speaker 1: burnout and everyone else listening. If you'd like me to

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Speaker 1: answer any of your money questions in the next episode

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Speaker 1: of Start Here, please make sure that you send me

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Speaker 1: a DM on Instagram at sugar Mama TV or of

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Speaker 1: my own personal fun lifestyle account Canna Campbell Official. Now,

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Speaker 1: in the meantime, thank you so much for listening. If

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Speaker 1: you could take a moment to leave me a rating

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Speaker 1: and review, as always, I would greatly appreciate it. And

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Speaker 1: until next time, that is next Monday morning, I'll connect

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Speaker 1: with you on Sugar Mama's fireplay Choo. For now,