WEBVTT - Handling a financial hangover

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<v Speaker 1>Welcome to How Do They Afford That, The podcast that

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<v Speaker 1>peaks into the financial lives of everyday Australians. I'm Michael Thompson.

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<v Speaker 1>I'm a writer and the co host of the podcast

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<v Speaker 1>Fear and Greed Business news As always, I'm with Cannon Campbell,

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<v Speaker 1>financial planner, founder of Sugar Mama TV, the financial literacy

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<v Speaker 1>platform on YouTube, podcast books, Instagram, threads, TikTok and more.

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<v Speaker 2>Hello Canna, Hello, how are you?

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<v Speaker 1>I'm going well? Today's topics quite a serious one, actually

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<v Speaker 1>are It's all about financial hangovers. We are going to

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<v Speaker 1>come up with what you would say is the ultimate

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<v Speaker 1>remedy for a financial hangover. Before we get into it, though,

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<v Speaker 1>we just need to make it very clear that anything

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<v Speaker 1>we talk about is always general in nature. We don't

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<v Speaker 1>know anything about your circumstances, so this is never personal

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<v Speaker 1>or investment or strategic or product advice. It is purely

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<v Speaker 1>for financial purposes only. Right, Let's crack on what exactly

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<v Speaker 1>is a financial hangover and why do people experience it?

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<v Speaker 2>So it is post celebration regret. We feel when we

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<v Speaker 2>levletta spending habits just got a little bit wild and

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<v Speaker 2>crazy over the holiday period or after like big events,

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<v Speaker 2>and it's like an over indulgence financially, spending way more

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<v Speaker 2>than we are planned. We may have dipped into some savings,

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<v Speaker 2>or we've relied on credit cards and buy now, pay later,

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<v Speaker 2>and we feel a little bit ill. And I'd say

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<v Speaker 2>the symptoms would be depleted savings accounts, unexpected debt, or

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<v Speaker 2>a compromised financial goal. Actually is one of them where

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<v Speaker 2>we you know, maybe we plan to save it for

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<v Speaker 2>a holiday or buy a home, and that's kind of

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<v Speaker 2>gone out the window. And I will admit it's easily done.

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<v Speaker 2>You know, we get carried away in the moment and

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<v Speaker 2>the festive season and generosity and the pressure to impress

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<v Speaker 2>and keep up, and you know, even those your yolo

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<v Speaker 2>mindset that's kind of overried. There's financial discipline.

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<v Speaker 1>Yeah, there's no judgment here, is there, because this is

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<v Speaker 1>something that is so easy to do because getting caught

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<v Speaker 1>up in the moment. It is Christmas, or it's you're

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<v Speaker 1>on holidays, and all of a sudden an opportunity presented

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<v Speaker 1>something like, oh you know what, I'm only here once.

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<v Speaker 1>Let's get this done. And before you know it, you've

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<v Speaker 1>spent all your money and you are left with nothing

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<v Speaker 1>and that is a financial hangover.

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<v Speaker 2>And that's that stark reality like stressful regret, and for

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<v Speaker 2>some people it's a sense of feeling completely trapped.

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<v Speaker 1>What's the first step that someone should take when they

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<v Speaker 1>kind of wake up to the realization that they have

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<v Speaker 1>severely overspent or that they might have damaged their own

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<v Speaker 1>kind of financial goals or futures because of some decisions

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<v Speaker 1>that they've made.

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<v Speaker 2>Like that, I would say self compassion, you know, recognize

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<v Speaker 2>what has happened without spiraling or letting yourself spiral into

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<v Speaker 2>like that shame or guilt. You know, financial hangars are

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<v Speaker 2>very common, and it's it's whilst it's important to take responsibility,

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<v Speaker 2>beating yourself up doesn't actually help. It's like a rocking chair.

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<v Speaker 2>You can sit and rock and worry, but it doesn't

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<v Speaker 2>she gets you anywhere. So instead, what I would recommend

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<v Speaker 2>is draw a line in the sand, make peace with yourself.

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<v Speaker 2>You know, you can only control what you can only

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<v Speaker 2>control to a certain degree, and learn this is going

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<v Speaker 2>to be something you learn and grow from. So reflect

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<v Speaker 2>on why it happened. You know, what was the emotional,

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<v Speaker 2>social pressure or trigger that made this happen. Maybe you

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<v Speaker 2>didn't plan properly, and I actually recommend sitting down and

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<v Speaker 2>writing pen to paper about what you've learned from this

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<v Speaker 2>and how you're going to commit to making it different

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<v Speaker 2>in the future. So not about punishing yourself, but fostering

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<v Speaker 2>a sense of self respect and self love towards the

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<v Speaker 2>financial wellbeing that you deserve in your life and acknowledging,

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<v Speaker 2>you know, the issues and reframing it. Now is an

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<v Speaker 2>opportunity where you're going to learn and grow and focus

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<v Speaker 2>on solutions rather than just wallowing in the problem and

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<v Speaker 2>feeling like a victim.

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<v Speaker 1>Okay, So it is important to avoid that shame then,

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<v Speaker 1>because it's happened. There's nothing you can do about it

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<v Speaker 1>after the fact. In terms of preventing it, the more

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<v Speaker 1>important thing is trying to be productive now and both

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<v Speaker 1>prevent it happening again. But let's now deal with kind

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<v Speaker 1>of how to deal with what has happened, Right, What

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<v Speaker 1>are some of these the actual steps, the practical steps

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<v Speaker 1>that people can take after they've kind of dealt with

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<v Speaker 1>the reality of it. Okay, this has happened. What do

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<v Speaker 1>they do now?

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<v Speaker 2>Well, we've got to face the noise, face the music,

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<v Speaker 2>you know, as I said, the stark reality has set in,

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<v Speaker 2>so let's get.

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<v Speaker 1>On with it.

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<v Speaker 2>So the worst thing you could possibly do is, you know,

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<v Speaker 2>avoid the bills and you know, dodge the phone calls

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<v Speaker 2>and not reply to the messages. So I would recommend

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<v Speaker 2>sitting down and going all right, get some clarity as

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<v Speaker 2>to how bad this situation really is. Look at the debts,

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<v Speaker 2>look at the savings accounts. You know, how much did

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<v Speaker 2>you really blow over Christmas and New Years? And how

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<v Speaker 2>much more was that than you originally planned? Look at

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<v Speaker 2>the damage because once we've got the damage, we can

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<v Speaker 2>then work out what needs to be fixed as a priority.

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<v Speaker 2>And you can see you know the priority, but you

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<v Speaker 2>can also see the shortfall that's going to impact your

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<v Speaker 2>immediate financial situation. So it's like an assessment and that

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<v Speaker 2>then can empower you to then take direction. And remember,

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<v Speaker 2>financial mistakes don't define you. There are everyone goes through these,

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<v Speaker 2>regardless of your financial situation, and they're stepping stones to

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<v Speaker 2>help you become smarter with money. We've got to open

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<v Speaker 2>yourself up and have that mindset as you're going through.

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<v Speaker 2>So assess the situation, Go and do a budget. If

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<v Speaker 2>you haven't done one before, now's a great opportunity to

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<v Speaker 2>enroll in the Sugar Mama Budget and cash Flow Academy,

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<v Speaker 2>and you know, you can trim some of your expenses.

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<v Speaker 2>You can do a little short fun financial challenges like

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<v Speaker 2>we've got Frugal February coming out and manifesting March, so

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<v Speaker 2>you can redirect those savings towards fixing the damage as

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<v Speaker 2>quickly as possible and getting on the phone asking for help,

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<v Speaker 2>calling your creditors asking you know what can be done

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<v Speaker 2>to help pay these loans off as fast as possible,

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<v Speaker 2>and then you know, look to get some exciting goals

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<v Speaker 2>behind you so that you've got something to look forward

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<v Speaker 2>to once you've fixed up all the damage. So I think, okay,

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<v Speaker 2>well I've put to clear up the credit card, and

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<v Speaker 2>once I finished the credit card, I'm going to work

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<v Speaker 2>on a holiday savings goal or an investing goal, or

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<v Speaker 2>you know, I'm going to something that excites you so

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<v Speaker 2>that you know you've got something to look forward to

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<v Speaker 2>once you get through fixing everything that happened.

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<v Speaker 1>Can I take a step back slightly and just kind

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<v Speaker 1>of rewind just a little bit to kind of what

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<v Speaker 1>leads to these kind of financial hangovers? Are they They're

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<v Speaker 1>common kind of spending traps. So there's kind of patterns

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<v Speaker 1>of behavior that can lead to financial hangovers. And I

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<v Speaker 1>suppose then the follow up question to that is, how

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<v Speaker 1>can you avoid them happening in the first place? Is

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<v Speaker 1>it kind of I don't know, I want to say

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<v Speaker 1>things like lack of impulse control and that kind of thing.

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<v Speaker 1>Is it, Well, it is.

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<v Speaker 2>I mean, it's definitely one of them, you know, as

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<v Speaker 2>sort of said, it's you get caught up in the excitement,

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<v Speaker 2>you know, the keeping up with the joneses. You know,

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<v Speaker 2>people love being generous people. I love giving people gifts.

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<v Speaker 2>Even I can get carried away going I just want,

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<v Speaker 2>you know, so many presents under the Christmas tree for

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<v Speaker 2>my kids, and you know, to open up a thousand

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<v Speaker 2>presents and just go nuts and have wrapping paper everywhere,

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<v Speaker 2>Like everyone can get caught in the in the moment.

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<v Speaker 2>And also that you know, you only live once mindset,

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<v Speaker 2>you know, these things can go just that short term

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<v Speaker 2>spontaneous decision just completely overrides any sense of you know,

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<v Speaker 2>discipline or you know, practical application with money in our lives.

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<v Speaker 2>So there are lots of things, and also you know

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<v Speaker 2>a sense of loneliness. You know, Christmas time is such

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<v Speaker 2>a trigger for so many people. You know, we then

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<v Speaker 2>maybe overcompensate or try and mask it with buying ourselves

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<v Speaker 2>things that we don't actually need, just to try and

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<v Speaker 2>feel better about ourselves. So there's so many different things

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<v Speaker 2>going on.

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<v Speaker 1>All right, let's take a quick break. When we come back,

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<v Speaker 1>I want to talk to you about some of the

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<v Speaker 1>other strategies that you can help to get yourself out

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<v Speaker 1>of the whole that you might have created by perhaps overspending,

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<v Speaker 1>but also kind of looking ahead a long way to

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<v Speaker 1>the future, to the preventative strategies that you can take

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<v Speaker 1>to make sure that this doesn't happen again. Canna, we

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<v Speaker 1>are talking today about financial hangovers and how to deal

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<v Speaker 1>with them. Can I talk to you about budgeting? If

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<v Speaker 1>you have a strict budget, and you mentioned in passing

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<v Speaker 1>before sit down and make a budget, it's one of

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<v Speaker 1>the first things to do to recover from a financial hangover.

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<v Speaker 1>What role does budgeting player I suppose in preventing one

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<v Speaker 1>as well, because if you know, I'm making an assumption here.

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<v Speaker 1>I know assumptions are dangerous on this show because nine

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<v Speaker 1>times out of ten they are wrong. But I'm assuming

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<v Speaker 1>that if you have a very clear idea of where

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<v Speaker 1>your money is, what your money is supposed to be

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<v Speaker 1>going towards. Then you are perhaps less likely to just

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<v Speaker 1>go out and overspend and splurge in the wrong area

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<v Speaker 1>because you've got almost a sense of accountability to yourself already. Yeah,

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<v Speaker 1>that is that correct.

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<v Speaker 2>Absolutely, you know, and I think in this particular situation

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<v Speaker 2>talking about a financial hangover, budgeting is prevention as well

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<v Speaker 2>as a cure correct. And you know, as I always say,

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<v Speaker 2>it's not about restriction or control or punishing yourself. You know,

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<v Speaker 2>a budget gives you clarity and intention. It allows you

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<v Speaker 2>to take back control and reduce the stress and avoid

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<v Speaker 2>repeating those same mistakes again. So before you do a budget,

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<v Speaker 2>it's about creating those boundaries and ensuring that you're spending

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<v Speaker 2>alignes with your income and your priorities and your value system.

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<v Speaker 2>But then afterwards, as you're healing, let's say, from the

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<v Speaker 2>financial hangover, it actually allows you to allocate your funds

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<v Speaker 2>and actually tackle the debt and rebuild those savings, but

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<v Speaker 2>also create that really important awareness in your life as

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<v Speaker 2>to where is your vice, where is your trigger, where

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<v Speaker 2>is your you know, danger zone, so that you can

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<v Speaker 2>actually be far more mindful when it comes to your

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<v Speaker 2>money and you know that you know what are the

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<v Speaker 2>triggers where do you tend to get caught up an

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<v Speaker 2>emotional spending or relying on credit or making those impulse

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<v Speaker 2>of purchases. And the budget can allow you to plan

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<v Speaker 2>ahead for those things, and you know, it gives you

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<v Speaker 2>those lists to stick to, and the moment, you know,

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<v Speaker 2>as you're reviewing a budget, you actually do pause and reflect.

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<v Speaker 1>So that's probably then key to prevention because or breaking

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<v Speaker 1>a cycle moment. Listening to all of this, it sounds

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<v Speaker 1>as though some of the factors that can lead to

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<v Speaker 1>a financial hangover might be part of a recurring kind

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<v Speaker 1>of pattern, like because Christmas comes around every year, kind

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<v Speaker 1>of a holiday might come around every year kind of

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<v Speaker 1>some of these environments in which you are likely to overspend.

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<v Speaker 1>This might be even just something as simple as a budget,

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<v Speaker 1>because it gives you that accountability and it gives you

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<v Speaker 1>those goals, those things that you're working towards that might

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<v Speaker 1>help to break that cycle.

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<v Speaker 2>Definitely.

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<v Speaker 1>Okay, what about credit card debt again something that we

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<v Speaker 1>have mentioned in passing, But I think this is where

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<v Speaker 1>a financial hangover can get quite dangerous, can't it? Because

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<v Speaker 1>if part of what you have done is overspent and

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<v Speaker 1>over committed yourself in terms of the debt that you have.

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<v Speaker 1>Then that can have a really serious flow on effect

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<v Speaker 1>into your future in terms of affecting your credit rating,

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<v Speaker 1>in terms of despiraling and compounding the amount of interest

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<v Speaker 1>that you have to keep on paying. How do you

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<v Speaker 1>break that side of things?

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<v Speaker 2>Look, technically, you should obviously always prioritize the debt with

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<v Speaker 2>the highest interest rate first, and then obviously from your budget,

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<v Speaker 2>use any spare money that you're able to free up

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<v Speaker 2>to put towards that debt, you know, and that also

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<v Speaker 2>includes money that you're able to earn, so any bonuses

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<v Speaker 2>or refunds or you know, if you do have a

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<v Speaker 2>side hustle, you can put that money towards the debt.

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<v Speaker 2>And then also there's things like balance transfers, which I'm

0:11:57.240 --> 0:12:01.120
<v Speaker 2>very cautious of because it doesn't necessarily change the habit.

0:12:01.200 --> 0:12:04.560
<v Speaker 2>It just kind of parks the problem a certain period

0:12:04.600 --> 0:12:07.920
<v Speaker 2>of time, but it is definitely a viable option that

0:12:08.040 --> 0:12:11.120
<v Speaker 2>should be considered. And then obviously having automatic payments in

0:12:11.160 --> 0:12:13.960
<v Speaker 2>place so that you don't forget to make those repayments

0:12:13.960 --> 0:12:15.679
<v Speaker 2>and you can stay on top of it. And if

0:12:15.720 --> 0:12:18.480
<v Speaker 2>you can afford to round up those repayments so that

0:12:18.480 --> 0:12:21.079
<v Speaker 2>they're more than what the minimum requirement is, and then

0:12:21.160 --> 0:12:25.040
<v Speaker 2>go through like press pause and just go through times

0:12:25.040 --> 0:12:27.160
<v Speaker 2>where you can where you have like a no spending challenge,

0:12:27.280 --> 0:12:29.880
<v Speaker 2>or you have, you know, a frugal weekend where you

0:12:29.880 --> 0:12:33.360
<v Speaker 2>can just kind of just cut all the spending and

0:12:33.480 --> 0:12:36.360
<v Speaker 2>just learn to just breathe and learn to use that

0:12:36.400 --> 0:12:39.320
<v Speaker 2>time to reflect and reassess, and any money you didn't

0:12:39.320 --> 0:12:41.360
<v Speaker 2>spend that you would have normally you can put towards

0:12:41.400 --> 0:12:44.280
<v Speaker 2>that debt or put towards building up some savings again

0:12:44.360 --> 0:12:46.880
<v Speaker 2>to help create that sense of stability and see the

0:12:46.960 --> 0:12:48.040
<v Speaker 2>light at the end of the tunnel.

0:12:49.000 --> 0:12:52.079
<v Speaker 1>I like to wrap things up on a positive and

0:12:52.120 --> 0:12:54.440
<v Speaker 1>we've kind of done that a bit there with that answer.

0:12:54.960 --> 0:12:57.959
<v Speaker 1>But how do you kind of make a financial hangover

0:12:58.080 --> 0:13:01.040
<v Speaker 1>into an experience that you learn from and that that

0:13:01.120 --> 0:13:03.800
<v Speaker 1>can lead to better things in the future. Is it

0:13:03.960 --> 0:13:06.040
<v Speaker 1>by what you said earlier in the episode. Is it

0:13:06.080 --> 0:13:09.600
<v Speaker 1>about making some exciting goals, things that kind of motivate

0:13:09.679 --> 0:13:14.080
<v Speaker 1>you to do a better job of resisting the urge

0:13:14.120 --> 0:13:16.560
<v Speaker 1>to spend because you are excited about what is going

0:13:16.600 --> 0:13:18.719
<v Speaker 1>to come, So that in the end, you are more

0:13:18.760 --> 0:13:21.040
<v Speaker 1>focused on your money goals and more focused on a

0:13:21.040 --> 0:13:23.200
<v Speaker 1>more exciting kind of financial future. It does it come

0:13:23.200 --> 0:13:24.000
<v Speaker 1>down to goal setting.

0:13:24.120 --> 0:13:26.440
<v Speaker 2>Absolutely. You know, if I don't have a goal in

0:13:26.480 --> 0:13:29.200
<v Speaker 2>my life, something is wrong. I'm something off with me.

0:13:29.600 --> 0:13:32.839
<v Speaker 2>So a financial hangover can actually be your turning point,

0:13:33.040 --> 0:13:35.840
<v Speaker 2>you know, that can be your rock bottom, and you

0:13:35.920 --> 0:13:39.719
<v Speaker 2>learning to reframe it so that you're actually giving yourself feedback,

0:13:39.840 --> 0:13:43.560
<v Speaker 2>you know, treating your overspending as valuable data and insight

0:13:43.600 --> 0:13:45.880
<v Speaker 2>into yourself. You know, what did you learn about your habits?

0:13:46.120 --> 0:13:48.720
<v Speaker 2>What did you learn about your emotions and your emotional

0:13:48.760 --> 0:13:52.000
<v Speaker 2>regulation and those triggers? And can I say on the

0:13:52.000 --> 0:13:54.959
<v Speaker 2>subject of triggers and emotions, we are just surrounded by

0:13:55.080 --> 0:13:58.959
<v Speaker 2>so much marketing everywhere you look like, and retailers know

0:13:59.120 --> 0:14:01.360
<v Speaker 2>that we go to spend money and they, you know,

0:14:01.360 --> 0:14:03.800
<v Speaker 2>playoffs and perhaps one of the things is to jump

0:14:03.800 --> 0:14:06.720
<v Speaker 2>off social media if that's a trigger. So so many

0:14:06.720 --> 0:14:10.320
<v Speaker 2>blessings can come from this and celebrate those wins. You

0:14:10.440 --> 0:14:12.240
<v Speaker 2>pay ten dollars off your credit card, you paid one

0:14:12.280 --> 0:14:14.720
<v Speaker 2>hundred dollars or one thousand dollars. Every little win needs

0:14:14.720 --> 0:14:16.439
<v Speaker 2>to be celebrated. That does not mean you go out

0:14:16.440 --> 0:14:19.720
<v Speaker 2>and spend, but you're just like nice for yourself. You know,

0:14:20.000 --> 0:14:21.760
<v Speaker 2>you give yourself a pat on the back. You've got

0:14:21.760 --> 0:14:24.840
<v Speaker 2>to become your own inner cheerleader, and you know, stick

0:14:24.880 --> 0:14:28.040
<v Speaker 2>to your plan. Head down, bum up. You can do this,

0:14:28.600 --> 0:14:30.480
<v Speaker 2>and everything you learn along the way is actually going

0:14:30.520 --> 0:14:32.960
<v Speaker 2>to help you then redirect this and to maybe building

0:14:33.000 --> 0:14:36.680
<v Speaker 2>savings or building an investment portfolio. You are strengthening your

0:14:36.720 --> 0:14:40.080
<v Speaker 2>financial skills as you are paying off those debts, and

0:14:40.200 --> 0:14:43.000
<v Speaker 2>you know, so it's experienced, you're gaining you're building up

0:14:43.040 --> 0:14:46.720
<v Speaker 2>financial resilience because you're learning. Yep, this is hurts, this

0:14:46.800 --> 0:14:50.280
<v Speaker 2>is painful, this is frustrating, this is slow, But I'm learning.

0:14:50.480 --> 0:14:52.800
<v Speaker 2>I'm never going to disrespect money like this and compromise

0:14:52.840 --> 0:14:55.400
<v Speaker 2>my financial wellbeing, and I'm learning how to do a budget.

0:14:55.600 --> 0:14:57.840
<v Speaker 2>Getting into a mess like this is often the catalyst

0:14:57.880 --> 0:15:00.480
<v Speaker 2>for people doing a budget and learning to a budget

0:15:00.520 --> 0:15:03.040
<v Speaker 2>and manage their cash flow, learning how to save, learning

0:15:03.080 --> 0:15:05.440
<v Speaker 2>that obviously taking to the next level of investing. So

0:15:06.120 --> 0:15:11.080
<v Speaker 2>your financial hangover as an opportunity to gain a lesson

0:15:11.720 --> 0:15:13.440
<v Speaker 2>rather than see it as a failure, and to actually

0:15:13.440 --> 0:15:16.200
<v Speaker 2>start to set yourself up for long term financial success

0:15:16.280 --> 0:15:18.720
<v Speaker 2>and it's not the end of the day. It's an

0:15:18.720 --> 0:15:20.080
<v Speaker 2>opportunity to grow.

0:15:20.400 --> 0:15:23.440
<v Speaker 1>Yeah. One other point occurred to me while you were

0:15:23.440 --> 0:15:25.000
<v Speaker 1>talking just then is that you don't need to do

0:15:25.040 --> 0:15:28.680
<v Speaker 1>it alone as well, is that you can talk and

0:15:28.720 --> 0:15:31.440
<v Speaker 1>you should if you need to. If you find yourself

0:15:31.680 --> 0:15:34.480
<v Speaker 1>getting into this hole, then you should talk to somebody

0:15:34.480 --> 0:15:37.320
<v Speaker 1>else about it as well, because it is about not

0:15:37.440 --> 0:15:39.800
<v Speaker 1>being ashamed of it. You need to be kind of

0:15:39.800 --> 0:15:42.560
<v Speaker 1>practical and clear minded in terms of what you're and

0:15:42.600 --> 0:15:45.520
<v Speaker 1>what you're doing. Financial counselors for one thing. We've talked

0:15:45.520 --> 0:15:47.520
<v Speaker 1>about that in the past three Yeah, if you have

0:15:47.680 --> 0:15:50.520
<v Speaker 1>really got yourself into trouble, that there is support out

0:15:50.560 --> 0:15:53.720
<v Speaker 1>there as well. And it's also good accountability. Talking to

0:15:53.760 --> 0:15:56.320
<v Speaker 1>other people and a financial planner and even just others

0:15:56.360 --> 0:15:58.720
<v Speaker 1>who are in a similar situation to yourself. You can

0:15:58.760 --> 0:16:01.400
<v Speaker 1>help each other remain accountable exactly.

0:16:02.440 --> 0:16:03.600
<v Speaker 2>Compassion is key.

0:16:03.600 --> 0:16:07.880
<v Speaker 1>Absolutely all right, Canna, We have covered that fairly comprehensively.

0:16:08.000 --> 0:16:10.240
<v Speaker 1>Financial hangovers. It is a big time of year for

0:16:10.360 --> 0:16:12.720
<v Speaker 1>financial hangovers, so this is probably something that a few

0:16:12.720 --> 0:16:15.880
<v Speaker 1>people will be listening to this identifying with those feelings

0:16:16.040 --> 0:16:19.040
<v Speaker 1>of having overspent and why it is important to avoid

0:16:19.160 --> 0:16:21.200
<v Speaker 1>the shame, and you've got to treat yourself with kind

0:16:21.200 --> 0:16:24.040
<v Speaker 1>of self respect throughout that period. But use this as

0:16:24.120 --> 0:16:26.480
<v Speaker 1>the turning point, use it as the moment at which

0:16:26.480 --> 0:16:29.200
<v Speaker 1>you change your relationship with money, things like kind of

0:16:29.240 --> 0:16:32.240
<v Speaker 1>doing a budget, taking the time to understand the damage

0:16:32.240 --> 0:16:34.440
<v Speaker 1>and understand kind of where you can go to next.

0:16:34.560 --> 0:16:38.080
<v Speaker 1>Focus on your goal setting and avoid credit card debt

0:16:38.120 --> 0:16:40.000
<v Speaker 1>if you can with this, get out of that debt

0:16:40.000 --> 0:16:43.840
<v Speaker 1>as quickly as you can and look to the future

0:16:43.880 --> 0:16:45.960
<v Speaker 1>because that is where you're going to be able to

0:16:45.960 --> 0:16:49.560
<v Speaker 1>set these exciting goals and help to break that cycle. Canna,

0:16:49.960 --> 0:16:53.560
<v Speaker 1>I feel exhausted after this. It's quite a serious topic, it.

0:16:53.560 --> 0:16:58.000
<v Speaker 2>Is, and it just needs to be taken with just kindness.

0:16:58.280 --> 0:17:02.280
<v Speaker 1>Yeah. Now, if anybody wants more information from you, where

0:17:02.280 --> 0:17:03.200
<v Speaker 1>do they find you?

0:17:03.360 --> 0:17:05.440
<v Speaker 2>Sugar Ma? My TV on Instagram is the best place

0:17:05.480 --> 0:17:06.400
<v Speaker 2>you can contact with me.

0:17:06.520 --> 0:17:08.920
<v Speaker 1>And you can hear me every day with Sean Aylmer

0:17:09.000 --> 0:17:11.199
<v Speaker 1>on Fear and Greed daily business news for people who

0:17:11.240 --> 0:17:13.959
<v Speaker 1>make their own decisions. Thank you for listening to how

0:17:13.960 --> 0:17:16.240
<v Speaker 1>do they afford that? Remember please to hit follow on

0:17:16.320 --> 0:17:18.320
<v Speaker 1>the podcast. That is vital and the best thing that

0:17:18.359 --> 0:17:20.639
<v Speaker 1>you can do to help us spread the word is

0:17:20.680 --> 0:17:24.200
<v Speaker 1>actually to send this episode on to someone who think

0:17:24.560 --> 0:17:27.800
<v Speaker 1>might benefit from listening to it. Thank you very much

0:17:27.800 --> 0:17:29.440
<v Speaker 1>for your company. Join us again next week.