1 00:00:00,240 --> 00:00:16,320 Speaker 1: How to be fucking Awesome with your money. Good morning, everyone, 2 00:00:16,400 --> 00:00:20,240 Speaker 1: and welcome back to Sugar Mamma's Fireplay Today. This morning, 3 00:00:20,320 --> 00:00:23,040 Speaker 1: right now, I want to bring you a no excuses, 4 00:00:23,239 --> 00:00:25,280 Speaker 1: straight to the point guide on how to be fucking 5 00:00:25,480 --> 00:00:30,160 Speaker 1: awesome with your money. Because, let's be real, financial success 6 00:00:30,320 --> 00:00:34,440 Speaker 1: doesn't happen by accident. Stop something you're born with. It's 7 00:00:34,479 --> 00:00:38,960 Speaker 1: about mindset, it's about habits, it's about action, and it's 8 00:00:39,000 --> 00:00:44,200 Speaker 1: about being committed, dedicated, and incredibly patient. So if you're 9 00:00:44,280 --> 00:00:47,760 Speaker 1: sick of feeling stuck, if you want more control over 10 00:00:47,800 --> 00:00:50,839 Speaker 1: your financial future, and you are ready to level up, 11 00:00:50,960 --> 00:00:53,560 Speaker 1: this is the perfect episode for you. I'm going to 12 00:00:53,600 --> 00:00:57,080 Speaker 1: share with you ten key principles straight from the book 13 00:00:57,280 --> 00:01:00,040 Speaker 1: How to Be Fucking Awesome by Dan Meredith that I 14 00:01:00,120 --> 00:01:04,280 Speaker 1: recently read, and all these brilliant principles I'm going to 15 00:01:04,319 --> 00:01:09,880 Speaker 1: apply to your own personal finance. These are completely unfiltered. 16 00:01:10,040 --> 00:01:12,400 Speaker 1: There are no bullshit strategies that will help you take 17 00:01:12,560 --> 00:01:17,639 Speaker 1: complete ownership, grow your wealth, and transform your financial life. 18 00:01:17,720 --> 00:01:28,479 Speaker 1: So let's get straight into it. So number one, take 19 00:01:28,560 --> 00:01:32,759 Speaker 1: ownership of your financial life. No more blaming, No more 20 00:01:32,760 --> 00:01:37,080 Speaker 1: blaming your upbringing, your history, your job, the economy or 21 00:01:37,160 --> 00:01:42,240 Speaker 1: past mistakes. No more playing victim, Stop crying poor, and 22 00:01:42,280 --> 00:01:46,680 Speaker 1: stop waiting for someone else to rescue you. The government 23 00:01:46,720 --> 00:01:49,440 Speaker 1: won't save you, your boss certainly won't save you, and 24 00:01:49,480 --> 00:01:53,680 Speaker 1: no one is coming to fix your financial situation except you. 25 00:01:54,280 --> 00:01:58,280 Speaker 1: So it is time to accept this fact and to 26 00:01:58,320 --> 00:02:02,800 Speaker 1: step up and take ownership of your past mistakes, draw 27 00:02:02,840 --> 00:02:06,280 Speaker 1: a line in the sand, and move forward. The only 28 00:02:06,360 --> 00:02:11,440 Speaker 1: person who's going to transform your financial future is you. 29 00:02:11,480 --> 00:02:16,320 Speaker 1: Know that, except that, understand that and respect that. That 30 00:02:16,480 --> 00:02:20,079 Speaker 1: is when you start to move forward. Now, a classic 31 00:02:20,160 --> 00:02:23,240 Speaker 1: example that I see of people getting stuck with this 32 00:02:23,280 --> 00:02:25,720 Speaker 1: point is people who say they're just no good with money, 33 00:02:25,840 --> 00:02:28,919 Speaker 1: and they use this as an excuse to never save, 34 00:02:29,520 --> 00:02:34,280 Speaker 1: never invest, to never really even have a go at trying, 35 00:02:35,000 --> 00:02:38,120 Speaker 1: and if they do, it's a half ast effort and 36 00:02:38,280 --> 00:02:41,680 Speaker 1: last about a week. The truth is, no one is 37 00:02:41,760 --> 00:02:45,320 Speaker 1: born good with money. It's something you have to learn. 38 00:02:46,120 --> 00:02:48,520 Speaker 1: The moment you take ownership of that and say, you 39 00:02:48,560 --> 00:02:51,799 Speaker 1: know what, I'm working on my finances, I'm getting better 40 00:02:51,880 --> 00:02:55,000 Speaker 1: at my finances, I'm getting in better control of my 41 00:02:55,080 --> 00:02:59,160 Speaker 1: financial future, that's when things start to change, they start 42 00:02:59,200 --> 00:03:03,400 Speaker 1: to shift, and you experience those breakthroughs. So if you 43 00:03:03,600 --> 00:03:05,600 Speaker 1: get stuck with this and you think you might be 44 00:03:05,639 --> 00:03:09,120 Speaker 1: guilty of this yourself, have it go at maybe writing 45 00:03:09,200 --> 00:03:12,200 Speaker 1: down one thing that you've been using as an excuse 46 00:03:12,680 --> 00:03:15,840 Speaker 1: or blaming external factors around you, like your income or 47 00:03:15,880 --> 00:03:19,040 Speaker 1: your debt or your lack of saving, and instead ask yourself, 48 00:03:19,639 --> 00:03:25,040 Speaker 1: what can I actually do about this myself today and 49 00:03:25,080 --> 00:03:28,920 Speaker 1: then put that in action immediately. It is time to 50 00:03:28,919 --> 00:03:32,480 Speaker 1: start growing up, leveling up and seeing that financial success 51 00:03:32,560 --> 00:03:36,480 Speaker 1: that you are more than capable and worthy of. Number 52 00:03:36,560 --> 00:03:43,040 Speaker 1: two discipline over motivation. Look, motivation is fleeting. One day 53 00:03:43,080 --> 00:03:46,480 Speaker 1: you're completely pumped to save, to invest, to put money 54 00:03:46,480 --> 00:03:50,440 Speaker 1: in your superinnuation, to start earning passive income. The next 55 00:03:50,600 --> 00:03:53,120 Speaker 1: you are to blow all that money on a weekend 56 00:03:53,160 --> 00:03:56,920 Speaker 1: away a new handbag, a new perishoes, a new gadget, 57 00:03:57,440 --> 00:04:00,800 Speaker 1: or just a big night out with your friends. The 58 00:04:00,880 --> 00:04:04,240 Speaker 1: only way to build wealth is through self discipline, taking 59 00:04:04,320 --> 00:04:07,680 Speaker 1: control of your financial habits and sticking to them and 60 00:04:07,720 --> 00:04:11,440 Speaker 1: sticking to them on a consistent basis. Myself, I have 61 00:04:11,640 --> 00:04:14,720 Speaker 1: so many rules when it comes to finances, but one 62 00:04:14,760 --> 00:04:18,320 Speaker 1: of the most important ones is checking in on my progress. 63 00:04:18,839 --> 00:04:21,640 Speaker 1: I check in on our mortgage, I check in on 64 00:04:21,920 --> 00:04:25,280 Speaker 1: our budget and our cash flow. I check in on 65 00:04:25,320 --> 00:04:28,640 Speaker 1: my superannuation, I check in on my passive income and 66 00:04:28,680 --> 00:04:33,280 Speaker 1: my investments. All these little things, the tracking, the reviewing, 67 00:04:33,600 --> 00:04:36,479 Speaker 1: the re reading of my financial goals, they are just 68 00:04:36,520 --> 00:04:39,159 Speaker 1: an automatic habit for me, like brushing my teeth. I 69 00:04:39,160 --> 00:04:42,039 Speaker 1: don't even think about it, I just do it. Wealth 70 00:04:42,120 --> 00:04:46,600 Speaker 1: isn't built through this haphazard, ad hoc occasional effort. It's 71 00:04:46,640 --> 00:04:50,920 Speaker 1: built through consistent action, being dedicated and committed, and having 72 00:04:50,920 --> 00:04:53,719 Speaker 1: a habit system in place that is in positive correlation 73 00:04:54,160 --> 00:04:58,000 Speaker 1: to those financial goals actually happening. So if you don't 74 00:04:58,000 --> 00:05:00,960 Speaker 1: have any financial habits in place, it is about getting 75 00:05:00,960 --> 00:05:03,520 Speaker 1: better with your money and becoming fucking awesome with your money. 76 00:05:03,960 --> 00:05:07,320 Speaker 1: Start with just one simple habit and build from there. 77 00:05:07,839 --> 00:05:11,039 Speaker 1: That might be a bi weekly budget check in with 78 00:05:11,080 --> 00:05:13,040 Speaker 1: your cash flow, which is something I recommend as part 79 00:05:13,080 --> 00:05:15,839 Speaker 1: of the Sugar Momber Budget and cash Flow Academy. Or 80 00:05:15,880 --> 00:05:19,200 Speaker 1: perhaps it's a quarterly check in with your superannuation, making 81 00:05:19,200 --> 00:05:21,880 Speaker 1: sure your employer is paying correctly, making sure the money's 82 00:05:21,920 --> 00:05:25,240 Speaker 1: invested correctly, and making sure that you're tracking how much 83 00:05:25,360 --> 00:05:31,040 Speaker 1: income your superannuation investment portfolio earns. You make sure it's consistent. 84 00:05:31,720 --> 00:05:34,559 Speaker 1: I do recommend a weekly habit over a quarterly habit 85 00:05:34,600 --> 00:05:36,880 Speaker 1: because it's very easy to drop those quarterly habits. So 86 00:05:36,920 --> 00:05:39,919 Speaker 1: the more regular, the easier it is to build, the 87 00:05:40,000 --> 00:05:42,400 Speaker 1: easier it is to stick, and the easier it becomes 88 00:05:42,440 --> 00:05:45,320 Speaker 1: one of those organic, consistent habits that you don't think about, 89 00:05:45,800 --> 00:05:49,159 Speaker 1: just you just do automatically. So, for example, if you 90 00:05:49,240 --> 00:05:51,040 Speaker 1: have a debt and you want to pay off that debt, 91 00:05:51,360 --> 00:05:54,479 Speaker 1: perhaps you check that debt every single Friday morning, or 92 00:05:54,520 --> 00:05:57,800 Speaker 1: every single Monday morning. If you want to start investing, 93 00:05:57,880 --> 00:06:02,360 Speaker 1: perhaps you check your investment portfolio every Monday morning, or 94 00:06:02,560 --> 00:06:05,400 Speaker 1: perhaps every Sunday. If you want to start saving, perhaps 95 00:06:05,480 --> 00:06:08,240 Speaker 1: you start checking your savings account every single day. If 96 00:06:08,240 --> 00:06:11,080 Speaker 1: you like, the more regularly you can do this, whether 97 00:06:11,120 --> 00:06:13,360 Speaker 1: it be daily, weekly, is going to be so much 98 00:06:13,360 --> 00:06:17,520 Speaker 1: more successful than doing it fortnightly, monthly, or quarterly. But 99 00:06:17,560 --> 00:06:20,559 Speaker 1: you must commit to this for a minimum of ninety 100 00:06:20,640 --> 00:06:23,479 Speaker 1: days to actually see the true benefits that come from 101 00:06:23,520 --> 00:06:29,520 Speaker 1: having a powerful habit system built by discipline over motivation. Three, 102 00:06:30,160 --> 00:06:36,280 Speaker 1: get comfortable with being completely uncomfortable. Savings and investing can 103 00:06:36,320 --> 00:06:42,400 Speaker 1: feel painfully slow, boring, and at times incredibly frustrating. Trust me, 104 00:06:43,080 --> 00:06:45,320 Speaker 1: I feel it all the time when I'm doing my 105 00:06:45,400 --> 00:06:49,400 Speaker 1: own consistent habit check in system and reviews. But that's 106 00:06:49,440 --> 00:06:52,719 Speaker 1: okay because this is actually where the biggest and best 107 00:06:52,760 --> 00:06:56,760 Speaker 1: and most powerful growth actually happens, the growth that really 108 00:06:56,800 --> 00:06:59,440 Speaker 1: does transform you and takes you to the next level. 109 00:07:00,080 --> 00:07:02,039 Speaker 1: So think about it. Going to the gym, you don't 110 00:07:02,080 --> 00:07:06,279 Speaker 1: see the results after just one session or even five sessions, 111 00:07:06,520 --> 00:07:09,880 Speaker 1: but going consistently it's to the gym. Over time, your 112 00:07:09,920 --> 00:07:14,320 Speaker 1: body slowly transforms. It feels more toned, you feel fitter, 113 00:07:14,400 --> 00:07:18,200 Speaker 1: you feel stronger, your posture improves. It is exactly the 114 00:07:18,240 --> 00:07:21,920 Speaker 1: same principle when it comes to money. Watching your savings 115 00:07:21,960 --> 00:07:25,920 Speaker 1: grow fifty dollars at a time may feel insignificant, so 116 00:07:26,040 --> 00:07:28,480 Speaker 1: much so that you may even feel inclined to just 117 00:07:28,520 --> 00:07:31,840 Speaker 1: stop because you're not seeing the results quick enough. But 118 00:07:32,080 --> 00:07:35,520 Speaker 1: trust me, stick to that fifty dollars per week and 119 00:07:35,680 --> 00:07:38,680 Speaker 1: fast forward five years. That's how people start to build 120 00:07:38,880 --> 00:07:41,880 Speaker 1: serious wealth. And the point is to come back to 121 00:07:41,960 --> 00:07:45,040 Speaker 1: point number two. It's the habit. You might only start 122 00:07:45,040 --> 00:07:47,760 Speaker 1: with fifty dollars per month, that is perfectly fine, but 123 00:07:47,880 --> 00:07:49,640 Speaker 1: you will find that if you stick to it and 124 00:07:49,680 --> 00:07:52,280 Speaker 1: you review your goals. You read your goals all the time, 125 00:07:52,840 --> 00:07:55,640 Speaker 1: that's fifty dollars won't stay stuck at fifty dollars. It 126 00:07:55,640 --> 00:07:58,680 Speaker 1: will go from fifty to sixty, to eighty, to one hundred, 127 00:07:58,760 --> 00:08:00,960 Speaker 1: to one hundred and twenty to one hundred and fifty 128 00:08:01,000 --> 00:08:03,640 Speaker 1: to two hundred and so on. Before you know it, 129 00:08:03,680 --> 00:08:05,320 Speaker 1: you won't even be thinking about it. You'll be watching 130 00:08:05,320 --> 00:08:08,440 Speaker 1: your savings account grow at a rapid rate. And of 131 00:08:08,440 --> 00:08:11,160 Speaker 1: course that is where we have the compounding interest kick 132 00:08:11,200 --> 00:08:13,920 Speaker 1: in as well to help support you even further and 133 00:08:13,960 --> 00:08:18,360 Speaker 1: reward you for being consistent. But you need to understand 134 00:08:18,840 --> 00:08:21,960 Speaker 1: you're going to feel upset, You're going to feel tired, 135 00:08:22,040 --> 00:08:24,280 Speaker 1: You're going to feel at times, perhaps even a little 136 00:08:24,280 --> 00:08:27,200 Speaker 1: bit burnt out. But that is okay because you need 137 00:08:27,240 --> 00:08:30,360 Speaker 1: to remind yourself it's these small, consistent actions that lead 138 00:08:30,440 --> 00:08:35,320 Speaker 1: to massive results. And of course there are going to 139 00:08:35,320 --> 00:08:37,120 Speaker 1: be times where you have to learn to say no, 140 00:08:37,440 --> 00:08:40,080 Speaker 1: we can't do that, I can't afford that's not in 141 00:08:40,120 --> 00:08:43,160 Speaker 1: my budget right now, or even better, not that I 142 00:08:43,200 --> 00:08:45,720 Speaker 1: can't afford that. I'm choosing to use my money for 143 00:08:45,800 --> 00:08:48,360 Speaker 1: something else, something's actually going to serve me for my 144 00:08:48,520 --> 00:08:52,960 Speaker 1: long term financial freedom. It's okay to say no. It's 145 00:08:53,120 --> 00:08:56,240 Speaker 1: healthy to say no, just like saying no to children 146 00:08:56,320 --> 00:09:00,480 Speaker 1: sometimes is important that it teaches them boundaries, them how 147 00:09:00,520 --> 00:09:03,520 Speaker 1: to respect their needs their wants over the long run, 148 00:09:03,600 --> 00:09:06,920 Speaker 1: and get better perspective of the big picture of life. 149 00:09:07,520 --> 00:09:10,160 Speaker 1: And here that big picture of life is you being 150 00:09:10,200 --> 00:09:13,600 Speaker 1: fucking awesome with money and actually having lots of money, 151 00:09:13,800 --> 00:09:16,240 Speaker 1: earning lots of money, seeing it in your bank account, 152 00:09:16,280 --> 00:09:19,160 Speaker 1: seeing it in your investment portfolio, seeing it in your 153 00:09:19,240 --> 00:09:23,840 Speaker 1: superinnuation portfolio. This is what being fucking awesome about money 154 00:09:24,120 --> 00:09:31,679 Speaker 1: really is. So get comfortable with being uncomfortable at times, boring, frustrated, sacrificing, 155 00:09:32,559 --> 00:09:36,720 Speaker 1: and just plain slow, it's okay. Trust me, this works 156 00:09:36,760 --> 00:09:41,840 Speaker 1: and it's worth it. Number four, take massive action. You've 157 00:09:41,840 --> 00:09:45,920 Speaker 1: got to stop waiting for this perfect time to start investing. 158 00:09:46,280 --> 00:09:49,000 Speaker 1: Stop looking for that market crash and think I'll wait 159 00:09:49,040 --> 00:09:51,240 Speaker 1: until the market crashes and then I'll start investing. Or 160 00:09:51,480 --> 00:09:54,120 Speaker 1: I'll wait until I start earning more money and I 161 00:09:54,160 --> 00:09:56,000 Speaker 1: get that promotion on that pay rise. Or I'll wait 162 00:09:56,080 --> 00:09:57,880 Speaker 1: until I've paid off my credit card debt and my 163 00:09:57,920 --> 00:09:59,920 Speaker 1: hex debt, or I'll wait until I've built up my 164 00:10:00,080 --> 00:10:03,400 Speaker 1: emergency money, or I'll wait until I get a new 165 00:10:03,480 --> 00:10:06,360 Speaker 1: job and move countries, and then I'll start thinking about 166 00:10:06,400 --> 00:10:11,600 Speaker 1: your finances. Cut the bullshit, just shut up and get moving. 167 00:10:11,920 --> 00:10:15,320 Speaker 1: Get started, whether it is paying off debt, whether it 168 00:10:15,360 --> 00:10:19,440 Speaker 1: is saving, whether it is investing. Start working on your finances. 169 00:10:19,480 --> 00:10:23,240 Speaker 1: Stop dragging the chain. Stop making excuses. You are costing 170 00:10:23,280 --> 00:10:27,720 Speaker 1: yourself a lot of time and money. I know so 171 00:10:27,840 --> 00:10:33,239 Speaker 1: many people who have spent years waiting and researching for investing, 172 00:10:34,040 --> 00:10:37,160 Speaker 1: and they research all these different stocks and then they 173 00:10:37,280 --> 00:10:41,440 Speaker 1: sit and they wait for a market crash. But the 174 00:10:41,520 --> 00:10:44,360 Speaker 1: thing is, quite often it never really happens, or if 175 00:10:44,360 --> 00:10:47,160 Speaker 1: it does happen, it's a mild correctional pullback, and it's 176 00:10:47,160 --> 00:10:50,520 Speaker 1: not really the crash that they were expecting, And before 177 00:10:50,559 --> 00:10:54,000 Speaker 1: we know it, the market's bounce back, and all those 178 00:10:54,000 --> 00:10:57,960 Speaker 1: investments that they were thinking about buying and researching and 179 00:10:58,080 --> 00:11:01,600 Speaker 1: now sometimes more expensive them what they were planning at 180 00:11:01,600 --> 00:11:03,640 Speaker 1: buying them back when they first got and started had 181 00:11:03,640 --> 00:11:08,480 Speaker 1: gotten started. So stop trying to pick the market. Stop 182 00:11:08,559 --> 00:11:11,360 Speaker 1: trying to be this perfectionist. It's not going to happen. 183 00:11:11,720 --> 00:11:14,439 Speaker 1: Even the experts have been doing this for twenty thirty 184 00:11:14,480 --> 00:11:18,440 Speaker 1: forty years, they still get it wrong. Just get started. 185 00:11:18,520 --> 00:11:20,959 Speaker 1: If it's even just five hundred dollars per month into 186 00:11:21,280 --> 00:11:25,760 Speaker 1: a listed investment company, which is a prepopulated diversified investment 187 00:11:25,800 --> 00:11:29,680 Speaker 1: portfolio of Australian stocks. You can build from that. You 188 00:11:29,800 --> 00:11:33,319 Speaker 1: means you're started. You've started taking that concept of investing 189 00:11:33,480 --> 00:11:36,360 Speaker 1: and actually planted into reality and you can now see 190 00:11:36,400 --> 00:11:40,240 Speaker 1: that investment portfolio as you log into your online trading account. 191 00:11:40,880 --> 00:11:45,760 Speaker 1: Stop costing yourself valuable time. Get started. Learn about ETFs, 192 00:11:45,880 --> 00:11:49,400 Speaker 1: learn about listed investment companies. Pick the right investment platform. 193 00:11:49,440 --> 00:11:51,520 Speaker 1: I have a podcast or a couple of podcasts actually 194 00:11:51,559 --> 00:11:54,200 Speaker 1: dedicated to explain how to find the right investment platform. 195 00:11:54,559 --> 00:11:57,520 Speaker 1: Learn about your superinnuation. Look at what's going on there. 196 00:11:58,000 --> 00:12:00,920 Speaker 1: Look and speak to your payroll team, your HR team, 197 00:12:00,960 --> 00:12:04,120 Speaker 1: your boss about looking at salary sacrificing. Again, even if 198 00:12:04,160 --> 00:12:07,400 Speaker 1: you just start with something, it's better than nothing because 199 00:12:07,440 --> 00:12:11,360 Speaker 1: you can take that and build from it quickly over time. 200 00:12:11,840 --> 00:12:14,760 Speaker 1: And when it comes to that concept of massive action, 201 00:12:15,480 --> 00:12:17,600 Speaker 1: look at the other things you can do in bursts 202 00:12:17,640 --> 00:12:21,559 Speaker 1: and spurts to hustle extra money, save extra money, invest 203 00:12:21,679 --> 00:12:24,240 Speaker 1: more money. And as a financial planner, the golden rule 204 00:12:24,280 --> 00:12:27,040 Speaker 1: is don't invest in something you don't understand. But that 205 00:12:27,120 --> 00:12:29,720 Speaker 1: doesn't mean you stop right there and never actually invest 206 00:12:29,760 --> 00:12:32,640 Speaker 1: in that. It is important that you learn, keep going 207 00:12:32,720 --> 00:12:35,719 Speaker 1: until you do understand, and hey, yes, you may come 208 00:12:35,760 --> 00:12:37,760 Speaker 1: out the other side after your research and go, actually, 209 00:12:37,800 --> 00:12:40,480 Speaker 1: this isn't the right investment for me. That's great, that's 210 00:12:40,520 --> 00:12:43,080 Speaker 1: not time wasted. You now know and have a clear 211 00:12:43,120 --> 00:12:45,720 Speaker 1: idea as to what you really do want to invest in. 212 00:12:46,360 --> 00:12:49,160 Speaker 1: But I will say at the same time, the fastest 213 00:12:49,200 --> 00:12:52,440 Speaker 1: way to learn is by doing. Once you have a 214 00:12:52,520 --> 00:12:54,600 Speaker 1: reasonable idea as to what you want to invest in, 215 00:12:54,880 --> 00:12:58,400 Speaker 1: get started. So many things I have learned and even 216 00:12:58,440 --> 00:13:00,920 Speaker 1: including mistakes, are on the gold and they have been 217 00:13:00,960 --> 00:13:03,800 Speaker 1: the best and most valuable mistakes and lessons that I've gained, 218 00:13:03,840 --> 00:13:06,800 Speaker 1: as well as making great decisions. But simply just getting 219 00:13:06,800 --> 00:13:11,280 Speaker 1: on and doing it. Stop the talk, start seeing action. 220 00:13:11,880 --> 00:13:16,520 Speaker 1: Number five. Surround yourself by winners. Who you hang around 221 00:13:16,559 --> 00:13:20,000 Speaker 1: with really does matter. And that's not to say you 222 00:13:20,040 --> 00:13:22,040 Speaker 1: have to cut out your friends that un good with money. 223 00:13:22,200 --> 00:13:23,679 Speaker 1: Far from it. And I'll teach you something in a 224 00:13:23,720 --> 00:13:26,760 Speaker 1: second about how to protect yourself from those people with 225 00:13:27,000 --> 00:13:30,000 Speaker 1: toxic financial influences so that it doesn't impact your life 226 00:13:30,000 --> 00:13:32,480 Speaker 1: in a second, But if you want to spend time 227 00:13:32,480 --> 00:13:36,520 Speaker 1: with people who complain about money, always cry poor, always 228 00:13:36,559 --> 00:13:38,840 Speaker 1: say that they don't own enough, they don't have enough. 229 00:13:39,320 --> 00:13:42,120 Speaker 1: They get jealous of people that have more. They even 230 00:13:42,160 --> 00:13:45,200 Speaker 1: behave in a sort of toxic manner. They self destruct, 231 00:13:45,480 --> 00:13:48,480 Speaker 1: they're squandalous, they blow all their money, they love to 232 00:13:48,559 --> 00:13:52,000 Speaker 1: keep up with the joneses. They have nothing to show 233 00:13:52,000 --> 00:13:56,280 Speaker 1: for themselves. Then you're going to absorb that without even 234 00:13:56,440 --> 00:13:59,640 Speaker 1: actually realizing it. So it is so important that you 235 00:13:59,679 --> 00:14:03,120 Speaker 1: try and surround yourself with people who inspire you instead 236 00:14:03,200 --> 00:14:06,760 Speaker 1: people who motivate you. Now I understand that you might 237 00:14:06,800 --> 00:14:10,480 Speaker 1: be a unicorn, a bit of an exception, that you're 238 00:14:10,520 --> 00:14:12,680 Speaker 1: the only person that you know that wants to be 239 00:14:12,679 --> 00:14:14,880 Speaker 1: better with money. All your friends are spending all their 240 00:14:14,920 --> 00:14:19,480 Speaker 1: money complaining about their money, making high risk investment gambling 241 00:14:19,520 --> 00:14:22,560 Speaker 1: decisions with their money. That doesn't mean you're necessarily need 242 00:14:22,600 --> 00:14:25,080 Speaker 1: to cut them off, far from it, but it means 243 00:14:25,120 --> 00:14:28,680 Speaker 1: you need to protect yourself from them. A little technique 244 00:14:28,720 --> 00:14:31,800 Speaker 1: that I teach in the Sugar Mama Money Mindset Manifestation 245 00:14:31,960 --> 00:14:36,120 Speaker 1: program is called the TP. The TP is a mirror 246 00:14:36,240 --> 00:14:39,440 Speaker 1: and when people start talking about money in a toxic, 247 00:14:39,600 --> 00:14:42,160 Speaker 1: negative way, you've got to protect yourself, so you call 248 00:14:42,240 --> 00:14:46,520 Speaker 1: upon this TP. The TP is made of mirrors, and 249 00:14:46,560 --> 00:14:49,920 Speaker 1: the mirrors that are on the outside, So you imagine 250 00:14:49,920 --> 00:14:53,840 Speaker 1: this TP coming over you like almost like a cone, 251 00:14:54,000 --> 00:14:57,920 Speaker 1: and it blocks out the energy of people. And because 252 00:14:57,920 --> 00:15:01,200 Speaker 1: it's a mirror, it allows the people who who are gambling, 253 00:15:01,320 --> 00:15:05,600 Speaker 1: who are spending money recklessly, who are complaining, who are 254 00:15:05,760 --> 00:15:09,680 Speaker 1: crying poor, playing victim, allows them to see themselves in 255 00:15:09,720 --> 00:15:12,920 Speaker 1: their mirror. It gives them reflection and gives them perspective 256 00:15:12,960 --> 00:15:15,840 Speaker 1: to see how they are showing up in life, what 257 00:15:15,880 --> 00:15:19,000 Speaker 1: that actually looks like to other people. And hopefully they 258 00:15:19,040 --> 00:15:21,720 Speaker 1: can see that and realize, actually they need to make 259 00:15:21,760 --> 00:15:24,480 Speaker 1: some changes themselves. This is not attractive, this is definitely 260 00:15:24,520 --> 00:15:28,600 Speaker 1: not sexy, and this is not actually helping themselves whatsoever. 261 00:15:29,320 --> 00:15:31,400 Speaker 1: So in the meantime, whilst you're in the tepee, you 262 00:15:31,560 --> 00:15:34,760 Speaker 1: just zone out and be completely silent. You don't agree 263 00:15:34,800 --> 00:15:36,920 Speaker 1: with them, you don't even say yes, You just be 264 00:15:37,000 --> 00:15:43,320 Speaker 1: completely silent and just go very very quiet, not rebelling back, 265 00:15:43,520 --> 00:15:48,440 Speaker 1: not complaining, not arguing back, just stone silent, and trust me, 266 00:15:48,680 --> 00:15:51,720 Speaker 1: within a minute or two, after people have wrapped up, 267 00:15:52,040 --> 00:15:55,400 Speaker 1: they're complaining, they're bickering they're spending, they'll go silent too, 268 00:15:55,440 --> 00:15:58,320 Speaker 1: because they'll notice something is different about you. And in 269 00:15:58,360 --> 00:16:01,280 Speaker 1: the meantime, if you don't have people to surround yourself 270 00:16:01,560 --> 00:16:04,760 Speaker 1: that are great with money, that's okay. You can read books, 271 00:16:04,920 --> 00:16:08,120 Speaker 1: you can listen to podcasts, you can watch videos on YouTube, 272 00:16:08,200 --> 00:16:10,400 Speaker 1: all of which are free. Or if you want, you 273 00:16:10,400 --> 00:16:12,920 Speaker 1: can have me as your mentort through the Sugar Mamma 274 00:16:13,360 --> 00:16:16,120 Speaker 1: Money Mindset and Manifestation program, where you get to share 275 00:16:16,120 --> 00:16:19,040 Speaker 1: with me your goals. I'll help keep you accountable, I'll 276 00:16:19,080 --> 00:16:21,960 Speaker 1: help you explore your mindset. I'll help you brainstorm as 277 00:16:21,960 --> 00:16:25,280 Speaker 1: many ideas to help you achieve your financial goals. Of 278 00:16:25,280 --> 00:16:27,400 Speaker 1: course I will link that in the podcast notes. But 279 00:16:27,600 --> 00:16:31,440 Speaker 1: make sure you surround yourself with winners, people who are succeeding, 280 00:16:31,720 --> 00:16:35,480 Speaker 1: people who are even working on similar goals to you. 281 00:16:35,640 --> 00:16:38,880 Speaker 1: Energy is contagious, so make sure your energy is worth 282 00:16:38,960 --> 00:16:45,920 Speaker 1: catching as well as catching others. Number six. Be relentlessly consistent. 283 00:16:47,040 --> 00:16:50,840 Speaker 1: Small daily actions really do add up. You don't need 284 00:16:50,880 --> 00:16:54,960 Speaker 1: to invest thousands overnight. You've just got to be consistent. 285 00:16:55,640 --> 00:16:58,160 Speaker 1: Even if you can just start investing five dollars a day, 286 00:16:58,440 --> 00:17:00,520 Speaker 1: that would mean over the course of a year. You've 287 00:17:00,560 --> 00:17:04,800 Speaker 1: invested one thousand, eight hundred and twenty five dollars a 288 00:17:04,880 --> 00:17:08,680 Speaker 1: year to continue on that for ten years with compounding interestings, 289 00:17:08,720 --> 00:17:13,000 Speaker 1: I mean, you have a pretty serious investment portfolio. It's interesting. 290 00:17:13,040 --> 00:17:15,200 Speaker 1: The other day I was looking at our mortgage online, 291 00:17:15,800 --> 00:17:17,880 Speaker 1: looking at how we can get the loan term down 292 00:17:17,960 --> 00:17:21,520 Speaker 1: as quickly as possible. And initially I started looking at 293 00:17:21,560 --> 00:17:23,280 Speaker 1: all the sort of things we can do as lump 294 00:17:23,280 --> 00:17:26,160 Speaker 1: sums towards the mortgage to help reduce the term. And 295 00:17:26,280 --> 00:17:28,800 Speaker 1: whilst this definitely had a positive impact in dropping the 296 00:17:28,880 --> 00:17:31,200 Speaker 1: term from thirty years to twenty eight years, from twenty 297 00:17:31,200 --> 00:17:33,399 Speaker 1: eight years to twenty five years, it got to a 298 00:17:33,400 --> 00:17:36,159 Speaker 1: stage where I literally had exhausted at that point in 299 00:17:36,200 --> 00:17:38,960 Speaker 1: time all the ideas and it wasn't down to low 300 00:17:39,040 --> 00:17:42,160 Speaker 1: enough to what I wanted. So instead I started playing 301 00:17:42,160 --> 00:17:44,239 Speaker 1: in this calculator. By the way, it's free. You can 302 00:17:44,320 --> 00:17:46,360 Speaker 1: use it as well. It's on the Sugar Mama website 303 00:17:46,400 --> 00:17:50,640 Speaker 1: under calculators. It's called the lump Sum and Extra payment calculator. Anyway, 304 00:17:50,720 --> 00:17:53,240 Speaker 1: instead I decided to actually scrap all those ideas and 305 00:17:53,359 --> 00:17:57,240 Speaker 1: just look at increasing our monthly mortgage of payment. Increasing 306 00:17:57,240 --> 00:18:00,200 Speaker 1: it not by a huge amount, but by about sort 307 00:18:00,240 --> 00:18:04,440 Speaker 1: of between five percent extra per month. The impact of 308 00:18:04,520 --> 00:18:09,960 Speaker 1: that in dropping the loan term down was profound. Seeing 309 00:18:10,000 --> 00:18:12,680 Speaker 1: the amount of time I would save or we would 310 00:18:12,720 --> 00:18:15,880 Speaker 1: save as a family, and how much interest we would save, 311 00:18:16,040 --> 00:18:20,919 Speaker 1: it was dramatically bigger and far more significant in the 312 00:18:21,080 --> 00:18:23,040 Speaker 1: monetary point of view and a time point of view 313 00:18:23,040 --> 00:18:26,480 Speaker 1: in comparison to doing little and some big ad hoc 314 00:18:26,600 --> 00:18:30,359 Speaker 1: extra repayments as a lump sum towards my mortgage. So 315 00:18:30,440 --> 00:18:33,840 Speaker 1: it is so important that you go with consistent behavior 316 00:18:34,440 --> 00:18:37,040 Speaker 1: over ad hoc behavior when you have to choose. Of course, 317 00:18:37,080 --> 00:18:41,320 Speaker 1: both are powerful, but consistent behavior is more impactful than 318 00:18:41,400 --> 00:18:44,520 Speaker 1: ad hoc erratic behavior. And then when I say ad 319 00:18:44,560 --> 00:18:47,760 Speaker 1: hoc iraqic behavior, I'm talking about those bursts and spurts 320 00:18:47,800 --> 00:18:50,479 Speaker 1: that you can do additional fun things to help boost 321 00:18:50,640 --> 00:18:53,480 Speaker 1: the success of your goals. Save a little extra money, 322 00:18:53,920 --> 00:18:57,840 Speaker 1: get that goal achieved faster is by bursts and spurts. 323 00:18:58,520 --> 00:19:02,960 Speaker 1: So definitely all lean towards consistency first before you look 324 00:19:03,040 --> 00:19:07,159 Speaker 1: at those additional extra side hustles. So what I recommend 325 00:19:07,200 --> 00:19:09,119 Speaker 1: for yourself right now, do you want to be fucking 326 00:19:09,119 --> 00:19:12,760 Speaker 1: awesome with money, is commit to a daily action. Start 327 00:19:12,800 --> 00:19:15,119 Speaker 1: with five dollars per day that is less than the 328 00:19:15,200 --> 00:19:17,439 Speaker 1: daily coffee might I add in a cafe, especially if 329 00:19:17,440 --> 00:19:19,399 Speaker 1: you get a strong cappuccina like I do, you can 330 00:19:19,400 --> 00:19:22,639 Speaker 1: pay up to six dollars. And then if you can 331 00:19:23,280 --> 00:19:25,760 Speaker 1: make that not just five dollars a day saving, make 332 00:19:25,760 --> 00:19:29,000 Speaker 1: that five dollars a day investing, you can actually start 333 00:19:29,000 --> 00:19:32,919 Speaker 1: earning passive income. Or perhaps you speak to your accountant 334 00:19:33,000 --> 00:19:35,639 Speaker 1: or your financial planner or your HR team about Sara 335 00:19:35,800 --> 00:19:38,920 Speaker 1: sacrificing five dollars per day or doing an after tax 336 00:19:38,920 --> 00:19:41,520 Speaker 1: contribution to you're super of five dollars per day. Or 337 00:19:41,520 --> 00:19:46,120 Speaker 1: perhaps you start reading one chapter per week on personal 338 00:19:46,160 --> 00:19:49,480 Speaker 1: finance or listening to one podcast like this per week. 339 00:19:50,240 --> 00:19:53,200 Speaker 1: Make sure you turn up on a consistent basis. Over 340 00:19:53,200 --> 00:19:55,359 Speaker 1: the course of the year. You'll be blown away by 341 00:19:55,440 --> 00:19:58,440 Speaker 1: how much more you understand about personal finance. But you'll 342 00:19:58,440 --> 00:20:01,320 Speaker 1: also see more money your savings account, more money in 343 00:20:01,359 --> 00:20:04,600 Speaker 1: your investment portfolio, and more money in your retirement savings accounts, 344 00:20:04,600 --> 00:20:07,320 Speaker 1: whether it be super key, we Saver or of course, 345 00:20:07,359 --> 00:20:10,040 Speaker 1: if you're in America, four oh one k plan RSA 346 00:20:10,119 --> 00:20:15,560 Speaker 1: accounts number seven. Be willing to fail, be willing to 347 00:20:15,640 --> 00:20:18,600 Speaker 1: fuck up, and I have fucked up plenty of times. 348 00:20:18,600 --> 00:20:21,440 Speaker 1: To trust me. We all make financial mistakes, but the 349 00:20:21,440 --> 00:20:26,000 Speaker 1: biggest mistake is not actually learning from them. I once 350 00:20:26,280 --> 00:20:28,360 Speaker 1: pulled out and I would have been I was very 351 00:20:28,400 --> 00:20:30,359 Speaker 1: new to investing. The time was before I became a 352 00:20:30,400 --> 00:20:34,720 Speaker 1: financial planner. But I pulled out all of my investments 353 00:20:34,840 --> 00:20:39,000 Speaker 1: in an investment portfolio during a market crash. Of course 354 00:20:39,040 --> 00:20:42,720 Speaker 1: I crystallized a loss. Of course, yes, within eighteen months, 355 00:20:42,840 --> 00:20:45,840 Speaker 1: even a little bit less, the market recovered, and I 356 00:20:46,080 --> 00:20:50,840 Speaker 1: really regret doing that. I really regretted selling. But at 357 00:20:50,880 --> 00:20:54,639 Speaker 1: the time, I'm human and I didn't know enough. I 358 00:20:54,680 --> 00:20:57,400 Speaker 1: made a mistake, and I'm not ashamed to admit it. 359 00:20:57,680 --> 00:21:00,480 Speaker 1: There've also been times where my mental healths of and 360 00:21:00,560 --> 00:21:02,399 Speaker 1: I went on a little bit of a spending spree, 361 00:21:02,480 --> 00:21:07,679 Speaker 1: buying things that I didn't necessarily need or want. But 362 00:21:07,880 --> 00:21:10,639 Speaker 1: I was feeling so empty inside, I was so sleep 363 00:21:10,680 --> 00:21:14,159 Speaker 1: deprived as a new mother for the first time in 364 00:21:14,200 --> 00:21:17,320 Speaker 1: a very toxic relationship, and I went out and blew 365 00:21:17,359 --> 00:21:20,320 Speaker 1: a whole pile of money on luxury items. Yes, I 366 00:21:20,320 --> 00:21:23,320 Speaker 1: do regret that. Yes that was a huge waste of money. Yes, 367 00:21:23,320 --> 00:21:25,040 Speaker 1: that money would have been far better off in my 368 00:21:25,080 --> 00:21:28,240 Speaker 1: investment poorfolio, or against my mortgage. But at the end 369 00:21:28,280 --> 00:21:31,680 Speaker 1: of the day, I learned from that mistake. I accepted 370 00:21:31,720 --> 00:21:33,679 Speaker 1: that that was what happened, that was where I was, 371 00:21:34,119 --> 00:21:37,080 Speaker 1: that was the limit of my financial literacy at that 372 00:21:37,200 --> 00:21:40,200 Speaker 1: point in time. But I now know not to do that. 373 00:21:40,320 --> 00:21:42,359 Speaker 1: I know to check in with my mental health. I 374 00:21:42,400 --> 00:21:45,399 Speaker 1: know to watch and track my spending, particularly around things 375 00:21:45,440 --> 00:21:48,320 Speaker 1: that I really could easily spend money on, like beautiful 376 00:21:48,359 --> 00:21:52,320 Speaker 1: handbags and clothes and shoes. And I know that you 377 00:21:52,640 --> 00:21:55,080 Speaker 1: do not have a knee jerk reaction when it comes 378 00:21:55,080 --> 00:21:59,000 Speaker 1: to investing. The markets do crash, their markets do pull back. 379 00:21:59,440 --> 00:22:01,879 Speaker 1: That's okay, that doesn't mean I sell. In fact, they're 380 00:22:01,880 --> 00:22:04,760 Speaker 1: often the opportunities for me to level up, to step 381 00:22:04,840 --> 00:22:06,840 Speaker 1: up and potentially invest more. And it gives me an 382 00:22:06,840 --> 00:22:10,480 Speaker 1: opportunity to almost shortcut for my financial goals because it 383 00:22:10,480 --> 00:22:12,600 Speaker 1: means I can buy the same passive income streams at 384 00:22:12,640 --> 00:22:15,960 Speaker 1: a significant discount. So there are things to actually now 385 00:22:16,000 --> 00:22:19,280 Speaker 1: get excited. But because I've consistently improved my financial literacy, 386 00:22:19,359 --> 00:22:22,160 Speaker 1: I understand and I also understand way more about myself 387 00:22:22,640 --> 00:22:26,280 Speaker 1: and my relationship with money. I've learned from my mistakes, 388 00:22:26,840 --> 00:22:29,520 Speaker 1: so what I recommend you do is have an honest 389 00:22:29,600 --> 00:22:32,560 Speaker 1: chat with yourself. What are things you really regret doing 390 00:22:32,680 --> 00:22:36,560 Speaker 1: that you're embarrassed about, ashamed, don't really like to admit 391 00:22:36,640 --> 00:22:39,680 Speaker 1: out loud. Go to that and do some deep work. 392 00:22:39,840 --> 00:22:42,680 Speaker 1: Write it down. But then write down what you learned 393 00:22:42,680 --> 00:22:46,760 Speaker 1: about yourself and what you have gained from a wisdom, 394 00:22:46,800 --> 00:22:49,440 Speaker 1: from a message, from an insight, so that you never 395 00:22:49,480 --> 00:22:52,320 Speaker 1: make that mistake again. And even better, you can share 396 00:22:52,359 --> 00:22:54,320 Speaker 1: that mistake with other people so that they don't make 397 00:22:54,359 --> 00:22:56,919 Speaker 1: the same mistake you did. And the moment you've done that, 398 00:22:57,200 --> 00:23:00,879 Speaker 1: move on. It's okay. Forgive yourself, give your permission to 399 00:23:00,920 --> 00:23:04,520 Speaker 1: forgive yourself. Dwelling on it won't fix it, but getting 400 00:23:04,560 --> 00:23:07,440 Speaker 1: on and fixing it, making up for lost time, making 401 00:23:07,480 --> 00:23:10,399 Speaker 1: up for that wasted loss money certainly will And that 402 00:23:10,480 --> 00:23:12,879 Speaker 1: will strengthen you and make you far more resilient and 403 00:23:12,920 --> 00:23:17,880 Speaker 1: you'll never make that same mistake ever again. Number eight, 404 00:23:18,760 --> 00:23:23,240 Speaker 1: Sell your skills and earn more. You can only cut 405 00:23:23,320 --> 00:23:26,959 Speaker 1: back so much when it comes to saving money and budgeting, 406 00:23:27,400 --> 00:23:30,919 Speaker 1: but on the flip side, your earning potential is limitless. 407 00:23:31,440 --> 00:23:33,320 Speaker 1: One of my neighbors works from home and she has 408 00:23:33,359 --> 00:23:36,359 Speaker 1: a dog and she decided to start pet sitting, where 409 00:23:36,359 --> 00:23:38,720 Speaker 1: she would look after other people's pets in her own 410 00:23:38,720 --> 00:23:42,320 Speaker 1: home during the day. She was making an extra sixty 411 00:23:42,359 --> 00:23:45,119 Speaker 1: dollars per day by doing this, and and men her 412 00:23:45,119 --> 00:23:47,560 Speaker 1: dog had another dog to play with. She didn't actually 413 00:23:47,960 --> 00:23:50,680 Speaker 1: cost her anything at all, didn't even really take any 414 00:23:50,720 --> 00:23:52,359 Speaker 1: time because she had to walk her dog anyway, now 415 00:23:52,800 --> 00:23:54,879 Speaker 1: got to walk this other dog as well, and she 416 00:23:54,960 --> 00:23:57,600 Speaker 1: was able to sit at home, keep working, and do 417 00:23:57,720 --> 00:24:02,399 Speaker 1: her normal everyday job. Imagine earning an extra sixty dollars 418 00:24:02,480 --> 00:24:05,720 Speaker 1: per day Monday to Friday. How good is that? As 419 00:24:05,720 --> 00:24:08,359 Speaker 1: I said, didn't cost her any time or money. The 420 00:24:08,400 --> 00:24:10,040 Speaker 1: owners would drop the dog off in the morning and 421 00:24:10,119 --> 00:24:12,960 Speaker 1: pick it up in the evening. I've also had friends 422 00:24:12,960 --> 00:24:15,840 Speaker 1: who've paid off tens of thousands of dollars doing babysitting 423 00:24:15,960 --> 00:24:19,920 Speaker 1: and nanny work over the weekends and after hours. Again, 424 00:24:20,000 --> 00:24:22,680 Speaker 1: it was cash in hand. It went straight to their debt. 425 00:24:22,920 --> 00:24:25,160 Speaker 1: It also stopped them going out and spending a whole 426 00:24:25,160 --> 00:24:27,679 Speaker 1: pile of money on the weekend, and it meant they 427 00:24:27,720 --> 00:24:30,480 Speaker 1: were able to undo all the toxic habits that were 428 00:24:30,480 --> 00:24:32,720 Speaker 1: done to get themselves into the credit card debt in 429 00:24:32,760 --> 00:24:34,879 Speaker 1: the first place. And if you're not familiar with a 430 00:24:34,960 --> 00:24:38,920 Speaker 1: thousand dollar project portfolio, that is where I've learnt to hustle, 431 00:24:39,080 --> 00:24:41,600 Speaker 1: to save, to do all these different things in order 432 00:24:41,640 --> 00:24:44,399 Speaker 1: to build up an investment portfolio. I've literally hustled one 433 00:24:44,400 --> 00:24:46,040 Speaker 1: thousand dollars at a time, and the moment I had 434 00:24:46,080 --> 00:24:48,679 Speaker 1: one thousand dollars, I went and invested it. Now that 435 00:24:48,720 --> 00:24:52,640 Speaker 1: portfolio today is worth over three hundred and ten thousand dollars. 436 00:24:53,040 --> 00:24:54,960 Speaker 1: And to be really honest with you, I actually haven't 437 00:24:55,000 --> 00:24:57,440 Speaker 1: really put much into that portfolio over the last five 438 00:24:57,520 --> 00:24:59,919 Speaker 1: years because I had two more babies, we moved house twice, 439 00:25:00,400 --> 00:25:02,439 Speaker 1: we've had more dogs, We've had all sorts of crazy 440 00:25:02,440 --> 00:25:05,000 Speaker 1: things going on. So it really does show you the 441 00:25:05,040 --> 00:25:07,520 Speaker 1: power of doing extra things to earn extra money. There 442 00:25:07,560 --> 00:25:09,240 Speaker 1: is no way I would have been able to find 443 00:25:09,240 --> 00:25:11,760 Speaker 1: an extra three hundred and ten thousand dollars in my 444 00:25:12,200 --> 00:25:15,280 Speaker 1: budget over the last eight nine years. This has all 445 00:25:15,320 --> 00:25:18,560 Speaker 1: come from doing extra things in life, taking that money 446 00:25:18,600 --> 00:25:20,960 Speaker 1: immediately before I could get the temptation to spend it, 447 00:25:21,040 --> 00:25:24,680 Speaker 1: and going and investing it. So turn to yourself, look 448 00:25:24,720 --> 00:25:27,359 Speaker 1: at what you could do to help earn extra money. 449 00:25:27,920 --> 00:25:31,000 Speaker 1: Are you really good with computers? Are you really good 450 00:25:31,000 --> 00:25:33,760 Speaker 1: at decluttering and tiding. Perhaps you could go and put 451 00:25:33,880 --> 00:25:36,160 Speaker 1: do a letterbox drop or put something up on air 452 00:25:36,200 --> 00:25:38,080 Speaker 1: tasker where you can come in and offer to declutter 453 00:25:38,119 --> 00:25:40,600 Speaker 1: people's homes and get them set up and reorganized. I 454 00:25:40,640 --> 00:25:43,119 Speaker 1: know as a busy working mum, that's something I would 455 00:25:43,119 --> 00:25:47,040 Speaker 1: definitely appreciate and really value and happily pay for. Or 456 00:25:47,040 --> 00:25:49,760 Speaker 1: perhaps you're really good at building websites. Is this something 457 00:25:49,760 --> 00:25:52,800 Speaker 1: you can do over the weekends or at nighttime or 458 00:25:52,840 --> 00:25:55,640 Speaker 1: early in the morning to help people with their businesses 459 00:25:55,640 --> 00:25:58,240 Speaker 1: and help run their businesses more efficiently with a brilliantly 460 00:25:58,280 --> 00:26:01,359 Speaker 1: set up website that's into easy to use and a 461 00:26:01,400 --> 00:26:03,480 Speaker 1: whole has all the right bells and whistles that people 462 00:26:03,520 --> 00:26:06,880 Speaker 1: need to have a successful online business. Or perhaps you 463 00:26:06,920 --> 00:26:09,159 Speaker 1: know how to cook, you're really good at cooking, and 464 00:26:09,200 --> 00:26:11,840 Speaker 1: you could start making meals for busy working families. There 465 00:26:11,880 --> 00:26:13,640 Speaker 1: they can put them in the freezer and pull them out. 466 00:26:14,320 --> 00:26:16,119 Speaker 1: What all the different things you can do, What do 467 00:26:16,119 --> 00:26:19,399 Speaker 1: you actually really enjoy doing? Think about things and think 468 00:26:19,440 --> 00:26:24,480 Speaker 1: about how you could monetize that number nine, Stop the excuses. 469 00:26:25,240 --> 00:26:28,679 Speaker 1: Excuses are costing you so much time and so much money. 470 00:26:29,400 --> 00:26:31,520 Speaker 1: And this whole thing of I don't have time to 471 00:26:31,560 --> 00:26:34,119 Speaker 1: do my finances, well, that's a load of crap. If 472 00:26:34,160 --> 00:26:36,040 Speaker 1: you don't have time, go and see a financial planner 473 00:26:36,080 --> 00:26:38,560 Speaker 1: and an accountant. I don't know where to start, well 474 00:26:38,560 --> 00:26:41,560 Speaker 1: start educating yourself again. If you don't know where to start, 475 00:26:41,600 --> 00:26:45,680 Speaker 1: go see a financial planner, or I'm bad with money. Enough, 476 00:26:45,920 --> 00:26:49,119 Speaker 1: cut the bullshit. It is just holding you back in life. 477 00:26:49,440 --> 00:26:52,560 Speaker 1: And to be really honest, you sound pathetic. No one 478 00:26:52,800 --> 00:26:55,520 Speaker 1: is above learning money. And if you say you don't 479 00:26:55,560 --> 00:26:58,800 Speaker 1: have time to fix your finances when you're sixty five 480 00:26:58,920 --> 00:27:01,800 Speaker 1: wanting to retire and you realize you have no money 481 00:27:01,800 --> 00:27:04,400 Speaker 1: in your superannuation or not enough money in your superannuation, 482 00:27:04,560 --> 00:27:07,840 Speaker 1: or you're still got a mortgage and very little in savings, yes, 483 00:27:08,400 --> 00:27:10,679 Speaker 1: then you can definitely say I don't have time, because 484 00:27:10,960 --> 00:27:14,000 Speaker 1: that is much more of a reality than saying it today. 485 00:27:14,200 --> 00:27:15,720 Speaker 1: And if you're saying you don't know where to start, 486 00:27:15,880 --> 00:27:18,439 Speaker 1: well that's fine. Start with your mindset. And then when 487 00:27:18,480 --> 00:27:20,880 Speaker 1: you fix your mindset and you know that these issuses 488 00:27:20,920 --> 00:27:23,200 Speaker 1: are pathetic and holding you back in life, start with 489 00:27:23,240 --> 00:27:24,919 Speaker 1: a budget. And when you've done a budget, then you 490 00:27:24,920 --> 00:27:27,200 Speaker 1: can start thinking about financial goals. And as you're setting 491 00:27:27,200 --> 00:27:29,800 Speaker 1: your financial goals, you can start learning about investing. As 492 00:27:29,840 --> 00:27:31,879 Speaker 1: you're learning about and investing, you can start building up 493 00:27:31,880 --> 00:27:34,320 Speaker 1: an online savings account and build that up over time. 494 00:27:34,680 --> 00:27:37,160 Speaker 1: And then of course you can start learning about retirement options. 495 00:27:37,200 --> 00:27:39,800 Speaker 1: Why superannuation is so important, How to make sure your 496 00:27:39,800 --> 00:27:42,560 Speaker 1: superannuation has enough money so that you can actually retire. 497 00:27:42,960 --> 00:27:46,119 Speaker 1: Stop wasting time, and as you're saving up, use that 498 00:27:46,200 --> 00:27:48,280 Speaker 1: time to educate yourself. So at the moment you have 499 00:27:48,359 --> 00:27:50,720 Speaker 1: money ready to invest or you have that deposit ready, 500 00:27:50,960 --> 00:27:52,360 Speaker 1: or you have some money that you'd like to maybe 501 00:27:52,359 --> 00:27:56,800 Speaker 1: putting into your superannuation, you have the enough education behind yourself. 502 00:27:56,800 --> 00:27:59,399 Speaker 1: You have the enough facts, You know enough about what 503 00:27:59,400 --> 00:28:01,760 Speaker 1: your goals are, and you can see the value of 504 00:28:01,760 --> 00:28:04,640 Speaker 1: your decisions and you can get on and action them 505 00:28:04,680 --> 00:28:08,080 Speaker 1: and actually do them rather than sit and wallow in 506 00:28:08,320 --> 00:28:10,840 Speaker 1: the excuses. I know this is tough, but this is 507 00:28:11,000 --> 00:28:13,640 Speaker 1: a serving of tough love because I care about you 508 00:28:13,720 --> 00:28:16,639 Speaker 1: and your financial future. On that note of excuses, I 509 00:28:16,640 --> 00:28:20,080 Speaker 1: find it so incredibly interesting that people complain about not 510 00:28:20,160 --> 00:28:23,400 Speaker 1: having enough money, but then you'll see them spend two 511 00:28:23,480 --> 00:28:27,520 Speaker 1: hundred dollars a month on takeaways and getting coffees and 512 00:28:27,760 --> 00:28:32,240 Speaker 1: lunches and getting around everywhere in an uber. Those people 513 00:28:32,800 --> 00:28:34,240 Speaker 1: are the ones that are saying that don't have enough 514 00:28:34,400 --> 00:28:36,920 Speaker 1: money that they pour they're on a budget, they'd cash 515 00:28:36,920 --> 00:28:40,000 Speaker 1: thows too tight, but yet they can always mysteriously and 516 00:28:40,040 --> 00:28:43,800 Speaker 1: magically find money for those other things. That's a classic 517 00:28:43,880 --> 00:28:47,520 Speaker 1: example of people not stepping up and living in a 518 00:28:47,520 --> 00:28:50,960 Speaker 1: place where they're stuck in the excuses that two hundred 519 00:28:50,960 --> 00:28:54,560 Speaker 1: dollars per month is certainly enough to start an investment portfolio. 520 00:28:54,760 --> 00:28:59,560 Speaker 1: So please do yourself a massive favor. Get uncomfortable, be honest, 521 00:28:59,560 --> 00:29:03,000 Speaker 1: and stop those excuses. And then number ten, make financial 522 00:29:03,080 --> 00:29:06,920 Speaker 1: well being a fucking priority in your life. Financial well 523 00:29:06,960 --> 00:29:11,440 Speaker 1: being is just as important as eating well, getting exercise, 524 00:29:11,840 --> 00:29:16,600 Speaker 1: being amongst nature, having some sunlight, seeing your friends, having 525 00:29:16,680 --> 00:29:21,960 Speaker 1: social interaction, reading, writing, even meditating. Financial well being is 526 00:29:22,160 --> 00:29:25,840 Speaker 1: up there and is equally as important. And I'll have 527 00:29:25,920 --> 00:29:29,080 Speaker 1: to say this, When your finances are in order, everything 528 00:29:29,080 --> 00:29:33,120 Speaker 1: else in life feels so much better. You sleep better, 529 00:29:33,360 --> 00:29:36,200 Speaker 1: you are far less stressed, you actually have a new 530 00:29:36,240 --> 00:29:39,320 Speaker 1: sense of a new profound sets of confidence and faith 531 00:29:39,320 --> 00:29:43,280 Speaker 1: in yourself. And best of all, money gives you options. 532 00:29:43,560 --> 00:29:46,800 Speaker 1: It gives you options to choose where you want to work, 533 00:29:47,000 --> 00:29:49,480 Speaker 1: the hours that you want to work under what conditions. 534 00:29:50,240 --> 00:29:52,720 Speaker 1: You can choose where you want to live, what type 535 00:29:52,760 --> 00:29:56,600 Speaker 1: of home, an apartment, a house, in a state. It 536 00:29:56,640 --> 00:29:58,880 Speaker 1: gives you options to be able to leave situations that 537 00:29:58,960 --> 00:30:02,600 Speaker 1: are toxic, toxic job, or even a toxic relationship. It 538 00:30:02,640 --> 00:30:04,920 Speaker 1: gives you choices. Is if you are unwell or need 539 00:30:04,920 --> 00:30:07,560 Speaker 1: to get some medical advice, you can get the best 540 00:30:07,680 --> 00:30:10,440 Speaker 1: medical advice that money can pay for. Because you have 541 00:30:10,800 --> 00:30:14,440 Speaker 1: financial wellbeing in your life. It means you can afford 542 00:30:14,440 --> 00:30:18,560 Speaker 1: to pay for training, education, You can invest in that course, 543 00:30:18,880 --> 00:30:22,480 Speaker 1: that new program, that new software. You can pay for 544 00:30:22,520 --> 00:30:26,280 Speaker 1: your children's education should you wish, or their tertiary education 545 00:30:26,400 --> 00:30:29,320 Speaker 1: should you wish. It means you can actually give more 546 00:30:29,360 --> 00:30:33,680 Speaker 1: money to charity. Financial wellbeing has to be a priority 547 00:30:33,680 --> 00:30:36,560 Speaker 1: in your life. It has to be a non negotiable. 548 00:30:37,040 --> 00:30:39,600 Speaker 1: And when people do step up and start taking their 549 00:30:39,600 --> 00:30:44,200 Speaker 1: financial wellbeing seriously, there is a complete energy shift in 550 00:30:44,240 --> 00:30:47,200 Speaker 1: the way that they show up every single day. The 551 00:30:47,240 --> 00:30:50,080 Speaker 1: moment they've started saving, the moment they've started paying off 552 00:30:50,120 --> 00:30:53,080 Speaker 1: that debt at a faster rate, or even investing, you 553 00:30:53,120 --> 00:30:56,800 Speaker 1: can see their faces look different, They stand better, They 554 00:30:56,840 --> 00:31:00,320 Speaker 1: have more energy, They seem more vibrant, they have a greater, 555 00:31:00,440 --> 00:31:03,400 Speaker 1: more positive outlook on life. So if you're listening to 556 00:31:03,440 --> 00:31:05,440 Speaker 1: this right now and go all right, well, where should 557 00:31:05,440 --> 00:31:08,760 Speaker 1: I start? Well, perhaps start with anything that's stressing you out. 558 00:31:08,880 --> 00:31:12,160 Speaker 1: Go straight to any toxic parasite that is compromising your 559 00:31:12,160 --> 00:31:15,320 Speaker 1: financial wellbeing. Look at what you're worrying about. Perhaps you're 560 00:31:15,320 --> 00:31:17,360 Speaker 1: worried about that credit card debt that just doesn't seem 561 00:31:17,400 --> 00:31:20,440 Speaker 1: to go away. There is your light bulb moment. Start 562 00:31:20,480 --> 00:31:23,280 Speaker 1: tackling that, Start working on paying that off as quickly 563 00:31:23,320 --> 00:31:25,800 Speaker 1: as possible, and then cut that credit card up so 564 00:31:25,840 --> 00:31:27,760 Speaker 1: that you can never use it again. You can learn 565 00:31:27,800 --> 00:31:32,000 Speaker 1: from your mistakes and never repeat history. Turn all those 566 00:31:32,040 --> 00:31:34,640 Speaker 1: wonderful habits that you've learned from paying off that debt 567 00:31:34,840 --> 00:31:37,760 Speaker 1: into building savings, Building up emergency saving so that you 568 00:31:37,840 --> 00:31:39,760 Speaker 1: don't actually have a need to have a credit card 569 00:31:39,840 --> 00:31:41,800 Speaker 1: if you don't want. And then when you've built your 570 00:31:41,800 --> 00:31:45,200 Speaker 1: emergency savings, start learning about investing. Start learning about the 571 00:31:45,240 --> 00:31:47,400 Speaker 1: importance of your superannuation. Whether you should be looking at 572 00:31:47,400 --> 00:31:50,480 Speaker 1: doing a salary sacrificing plan or an after tax contribution, 573 00:31:50,560 --> 00:31:51,920 Speaker 1: all the other different things you can do to build 574 00:31:52,000 --> 00:31:54,640 Speaker 1: up your super learn about what shares are. Learn about 575 00:31:54,680 --> 00:31:57,480 Speaker 1: listed investment companies. For anyone that ever asked me, well, 576 00:31:57,480 --> 00:32:00,080 Speaker 1: I've got a thousand dollars to invest, where should I 577 00:32:00,120 --> 00:32:03,400 Speaker 1: do it? I want to mess in Australian industrial shares. 578 00:32:03,880 --> 00:32:06,080 Speaker 1: A listed investment company is a great place to start 579 00:32:06,080 --> 00:32:09,880 Speaker 1: your research because essentially you can buy a whole portfolio 580 00:32:09,920 --> 00:32:13,200 Speaker 1: of Australian companies in one transaction with that one thousand 581 00:32:13,200 --> 00:32:16,200 Speaker 1: dollars and you immediately have a diversified share portfolio straight 582 00:32:16,240 --> 00:32:19,479 Speaker 1: away in your hand, and you can build upon from that. 583 00:32:20,000 --> 00:32:22,520 Speaker 1: But promise me this, the moment you start working on 584 00:32:22,560 --> 00:32:24,920 Speaker 1: your financial will being, you won't stop. Once you've ticked 585 00:32:24,920 --> 00:32:28,560 Speaker 1: off that credit card debt, goes straight onto the emergency savings. 586 00:32:28,640 --> 00:32:32,560 Speaker 1: Once you've built those emergency savings, go straight onto the investing. 587 00:32:33,000 --> 00:32:35,000 Speaker 1: Promise me you will build momentum when it comes to 588 00:32:35,080 --> 00:32:37,440 Speaker 1: financial wellbeing. Yes, you might need to take a quick 589 00:32:37,440 --> 00:32:39,800 Speaker 1: breather to catch your breath and reset, but the moment 590 00:32:39,880 --> 00:32:42,760 Speaker 1: you are recharged, get back on the bandwagon again and 591 00:32:42,840 --> 00:32:46,200 Speaker 1: keep working on your financial willbeing. As explained, you've got 592 00:32:46,240 --> 00:32:50,200 Speaker 1: to take massive action. You've got to be uncomfortable with 593 00:32:50,320 --> 00:32:52,640 Speaker 1: facing the truths and reality of where you may have 594 00:32:52,640 --> 00:32:55,120 Speaker 1: previously stuffed up and build a bridge and get on 595 00:32:55,200 --> 00:32:57,680 Speaker 1: with it, fixing any damage that you've previously done to 596 00:32:57,720 --> 00:33:01,640 Speaker 1: your financial wellbeing. To surround yourself with those winners, read 597 00:33:01,640 --> 00:33:04,520 Speaker 1: those books, listen to those podcasts, have those conversations with 598 00:33:04,560 --> 00:33:06,560 Speaker 1: people who have achieved success. As I said, you can 599 00:33:06,640 --> 00:33:10,040 Speaker 1: join the Sugar Mamma Money Mindset manifestation program. You've got 600 00:33:10,040 --> 00:33:13,320 Speaker 1: to take complete ownership of your financial life. You've got 601 00:33:13,360 --> 00:33:15,800 Speaker 1: to know about the importance of having discipline over motivation. 602 00:33:16,360 --> 00:33:18,280 Speaker 1: Motivation is great, but it's not going to get you 603 00:33:18,360 --> 00:33:20,560 Speaker 1: all the way through. You need to have as much 604 00:33:20,640 --> 00:33:23,880 Speaker 1: automated as possible so that you have that habit system 605 00:33:24,000 --> 00:33:27,240 Speaker 1: in place. So look, there you have it. Ten ways 606 00:33:27,240 --> 00:33:30,720 Speaker 1: on how to be fucking awesome with your money. As 607 00:33:30,760 --> 00:33:33,720 Speaker 1: you now know, it's definitely not about luck or about 608 00:33:33,760 --> 00:33:36,800 Speaker 1: waiting for the right time. It's about taking control and 609 00:33:36,840 --> 00:33:41,480 Speaker 1: building strong habits and showing up every single day. The 610 00:33:41,520 --> 00:33:45,200 Speaker 1: power is in your hands now. If you enjoyed this episode, 611 00:33:45,440 --> 00:33:46,920 Speaker 1: I would love it if you could leave me a 612 00:33:47,040 --> 00:33:49,400 Speaker 1: rating and review. Let me know what you like hearing, 613 00:33:49,520 --> 00:33:51,440 Speaker 1: what you want to hear more of, and even what 614 00:33:51,480 --> 00:33:54,320 Speaker 1: you don't want to hear about. Please leave me a 615 00:33:54,440 --> 00:33:57,040 Speaker 1: rating and review. I promise you I read this. I'd 616 00:33:57,040 --> 00:33:59,880 Speaker 1: appreciate your feedback, and I go and apply because I'm 617 00:33:59,880 --> 00:34:03,400 Speaker 1: here here running this podcast channel that's directed by you. 618 00:34:04,080 --> 00:34:07,280 Speaker 1: And if you are ready to up your financial wellbeing, 619 00:34:07,320 --> 00:34:09,440 Speaker 1: of course, jump into the Sugar Mama Budget and cash 620 00:34:09,480 --> 00:34:13,479 Speaker 1: Flow Academy. Jump into my money Mindset Manifestation program. Let's 621 00:34:13,560 --> 00:34:16,200 Speaker 1: keep this conversation going because this is all about being 622 00:34:16,239 --> 00:34:20,080 Speaker 1: part of the financial wellbeing momentum. Now until next time, 623 00:34:20,440 --> 00:34:24,400 Speaker 1: stay focused, stay consistent, and keep that financial fire burning 624 00:34:24,600 --> 00:34:28,120 Speaker 1: bright whipping. This is Sugar Momma's fire playing