Speaker 1: Welcome back to another episode of Sugar Mamma's Fireplay. I
Speaker 1: am your host financial planner Canna Campbell, and today I
Speaker 1: want to talk to you about a concerning trend that
Speaker 1: is currently circulating on social media right now. That is
Speaker 1: the idea that a single woman should find a financial
Speaker 1: provider if they want realistic financial security in their lives. Now,
Speaker 1: my blood is actually boiling right now, and my heart
Speaker 1: is racing at the thought of this and how absolutely
Speaker 1: disgusting and degrading this is. But just to give you
Speaker 1: a bit of a background, this trend is actually suggesting
Speaker 1: that women should rely on a partner for financial stability,
Speaker 1: even going as far as giving tips, instructions and traps
Speaker 1: and even tests as to how to achieve it. That is,
Speaker 1: how to find the perfect financial provider. Now, as someone
Speaker 1: who has dedicated my entire working life to help and
Speaker 1: that is everyday people achieve financial independence security, I find
Speaker 1: this trend deeply troubling and deeply troubling for so many
Speaker 1: different reasons that I feel that we have to break
Speaker 1: this down and discuss this further. So whilst I just
Speaker 1: catch my breath, let my heart rate calm down, and
Speaker 1: hopefully let my blood pressure reduce. Let's take a quick
Speaker 1: ten second break with some music before we begin. All right,
Speaker 1: deep breaths, canna. Okay, apologies for my passion here, but
Speaker 1: I just am beside myself that this is actually something
Speaker 1: that's being entertained. So first and foremost, let's talk about
Speaker 1: the pride and the satisfaction that comes from working on
Speaker 1: your own financial goals, your own financial goals that are
Speaker 1: focused around building your own financial freedom and independence. There
Speaker 1: is an incredible sense of accomplishment that comes from earning
Speaker 1: your own money, managing your own finances, taking control and
Speaker 1: deciding where you would like to invest and what financial
Speaker 1: goals are important to you, and when you like to
Speaker 1: achieve those financial goals. And then of course, proudly, and
Speaker 1: I say proudly because this is so important. It is
Speaker 1: not until you start doing it you actually feel how
Speaker 1: valuable that sense of priety is. Watching your wealth grow
Speaker 1: as a result of all of your hard work and
Speaker 1: your smart, intelligent decisions with the money that you have earned.
Speaker 1: And even along the way, I will admit some sacrifices,
Speaker 1: but well worth sacrifices along the way. Let me tell
Speaker 1: you this, doing the hard work is what builds character, strength,
Speaker 1: and resilience, and those things last a lifetime, and those
Speaker 1: things will also help you face other challenges in other
Speaker 1: areas of your life. Trust me on that I have
Speaker 1: been there and experienced this multiple times. So if you
Speaker 1: go and just try and bank a financial provider, you're
Speaker 1: going to miss out on building your character, building your
Speaker 1: own strength, and building your own resilience. That to me,
Speaker 1: I would rather have an empty bank account but have character,
Speaker 1: strength and resilience. Now, when you rely on someone for
Speaker 1: your own financial wellbeing, you miss out on those fundamental
Speaker 1: aspects for personal growth. Financial independence is not just about money.
Speaker 1: I know that sounds crazy coming from a financial planner.
Speaker 1: That's all about investing and building up passively incommon, having
Speaker 1: financial freedom and the right amount of emergency money. But
Speaker 1: financial wellbeing and financial independence is about dignity. It's about
Speaker 1: self respect, and it's about empowerment. Why in the hell
Speaker 1: would you ever want to compromise on this. Imagine their
Speaker 1: freedom to make your own choices without having to seek
Speaker 1: approval from a financial provider, whether it be pursuing further education,
Speaker 1: changing careers, starting a business or a hobby, or maybe
Speaker 1: even something fabulous like traveling the world. When you have
Speaker 1: your own financial independence and freedom, These are your decisions
Speaker 1: and you get to make them on your own terms.
Speaker 1: When you're aligned on a financial provider, you have no control,
Speaker 1: you have a very restricted say, and you have absolutely
Speaker 1: no sense of financial independence because essentially you are relying
Speaker 1: on someone else for your financial survival. You're restricting yourself
Speaker 1: in so many ways, so many ways that you probably
Speaker 1: won't realize how bad those ways are until you are
Speaker 1: knee deep and pretty much lost so much about yourself
Speaker 1: along the way. You become completely dependent on their goodwill,
Speaker 1: their moods, and you lose the autonomy to be able
Speaker 1: to shape your own future. This is not about money.
Speaker 1: This is about your freedom and your right to live
Speaker 1: a life, your life on your own terms. Another critical
Speaker 1: aspect to consider is the financial risk involved in relying
Speaker 1: on a partner for financial stability, that is, your financial provider.
Speaker 1: Relationships can change. Life is unpredictable, can change in the
Speaker 1: blink of an eye. What happens if that relationship ends?
Speaker 1: What happens if your partner faces financial difficulties and makes
Speaker 1: some bad financial decisions and loses at all You're now
Speaker 1: both stuck with no money. Or if something happens to them,
Speaker 1: maybe from a health point of view, and they are
Speaker 1: no longer able to work or to earn the type
Speaker 1: of income that they previously were. That skill maybe has
Speaker 1: been superseded. Their earning capability is now void, and you
Speaker 1: are now completely reliant on someone who is unreliable themselves
Speaker 1: and can't even necessarily provide for you, let alone themselves.
Speaker 1: By relying on someone else, you're putting yourself into such
Speaker 1: a financially and emotionally vulnerable position. Not only do you
Speaker 1: lose the control and security that comes with managing your
Speaker 1: own finances, you miss out on the education, the advice,
Speaker 1: the wisdom that is gained from doing it yourself. Building
Speaker 1: your own financial foundation is the only way to protect
Speaker 1: yourself and to PreTect your future and the excitement, empowerment
Speaker 1: and drive that is, in my opinion, incredibly attractive, regardless
Speaker 1: of whatever sex you choose to identify with. Now, whilst
Speaker 1: I'm on my soapbox, I also want to talk about
Speaker 1: dignity and self worth. As women, we should never feel
Speaker 1: that our value is tied to our ability to attract
Speaker 1: a financial provider. Our worth is inherent and not dependent
Speaker 1: on our financial situation or our relationship status. For the
Speaker 1: last decade, women and even men have fought so hard
Speaker 1: to help create equality, fight salary gaps, superannuation gaps. And
Speaker 1: whilst our progress, I will admit, is small, the best
Speaker 1: is yet to come. We are certainly making progress, and
Speaker 1: that progress is only going to get bigger and happen faster.
Speaker 1: So do we really want to show such disrespect and
Speaker 1: disregard for all those people who have been trying to
Speaker 1: help build a fairer world for our daughters, our granddaughters,
Speaker 1: and our great granddaughters by selling yourself and your freedom
Speaker 1: short by being reliant and looking for a financial provider. Now,
Speaker 1: on that note of daughters and granddaughters, would you actually
Speaker 1: want them to settle themselves in their lives for a
Speaker 1: partner just because they have money. Would you really look
Speaker 1: them in the eye and be happy that they found
Speaker 1: someone who's got money? Or would you want them to
Speaker 1: find a partner that will love them unconditionally, support and
Speaker 1: encourage each other both ways, and make each other feel safe,
Speaker 1: protected and respected at all times, regardless of money. If
Speaker 1: your answer is yes, which I seriously hope is, then
Speaker 1: why the hell would you settle for anything less your self?
Speaker 1: If my daughters, Tiger and Apple and Rocco. Happen to
Speaker 1: choose a partner that has money, great, that is a bonus,
Speaker 1: but that doesn't mean or matter at all. What matters
Speaker 1: is what's inside. Are they going to be a great team.
Speaker 1: Are they going to love each other? Are they going
Speaker 1: to make each other smile, make each other feel safe,
Speaker 1: support and encourage each other to chase their goals and
Speaker 1: dreams Regardless of the financial interest there that is what's important,
Speaker 1: and that's what creates happiness, stability, and fulfillment in life.
Speaker 1: Not a financial provider as a financially independent woman, but
Speaker 1: also a financially independent woman who has seen it all
Speaker 1: and also gone through a lot myself personally, I truly
Speaker 1: believe that empowerment comes from knowing that you can stand
Speaker 1: on your own two feet, financially and otherwise. It comes
Speaker 1: from the confidence that you know you can face whatever
Speaker 1: challenges life throws you at you because you have the skills,
Speaker 1: the knowledge, the life experience, and the financial security to
Speaker 1: do so. So what can we actually do to combat
Speaker 1: this troubling trend? Well, first of all, we need to
Speaker 1: spread awareness, awareness of the importance of financial independence and
Speaker 1: how absolutely ridiculous and disgusting. This current social media trend
Speaker 1: is and I really hope it's a trend that is
Speaker 1: short lived. Then it is essential that we start continue
Speaker 1: and increase the number of success stories of other women
Speaker 1: who have achieved financial successes on their own terms. Then
Speaker 1: we need to obviously provide education. Education is key, and
Speaker 1: education is what breaks poverty and creates opportunities. And make
Speaker 1: sure that we provide resources to help women take control
Speaker 1: of their own finances. And this includes everything from budgeting,
Speaker 1: saving to investing, investing in shares, property wherever you're that
Speaker 1: person's heart desires, and of course planning for retirement and
Speaker 1: understanding the importance of where superannuation fits in here. Knowledge
Speaker 1: is power and financial literacy is the key to empowerment.
Speaker 1: And of course we have got to change the narratives
Speaker 1: it suggests that women need a financial provider to be
Speaker 1: successful or to be happy. We need to be celebrating
Speaker 1: and supporting each other in our own financial journeys, whether
Speaker 1: they be small accomplishments or massive accomplishments, it doesn't matter.
Speaker 1: Everything is a win, and everything is one step better
Speaker 1: and one step closer to having true, authentic financial freedom
Speaker 1: and independence. Recognizing that true successes come from within and
Speaker 1: are never dependent on someone else or someone else's money. Now,
Speaker 1: as we wrap up today's episode, I want to leave
Speaker 1: you with this thought. Financial independence is a journey, not
Speaker 1: a destination, and part of that journey may be fast
Speaker 1: and efficient with no traffic along the way, but there
Speaker 1: will be times where you hit detours, may have to
Speaker 1: pay some tolls along the way, But then you may
Speaker 1: hit the open roads and can accelerate ahead. And again
Speaker 1: you may need to pull over and get petrol, you
Speaker 1: may need to get your car serviced. That's all okay.
Speaker 1: As long as you are on the path, heading in
Speaker 1: the right direction, that's what's most important. So it really
Speaker 1: boils down to making smart, informed decisions based on factually
Speaker 1: correct information, and making decisions and doing something every single
Speaker 1: day so that you can move closer and closer to
Speaker 1: your financial goals. It's about building a life that reflects
Speaker 1: your values, your dreams, and your potential while shining brightly
Speaker 1: to inspire others along the way to have a go
Speaker 1: at following your path, even if it means at times
Speaker 1: feeling alone or vulnerable, because more often than not, it
Speaker 1: is those darkest parts of the journey that is where
Speaker 1: the richest growth is to be found, both personally and financially.
Speaker 1: Trust me on that. All right, Okay, now that I've
Speaker 1: got this off my chest, I feel so much better.
Speaker 1: So thank you everyone for listening, and of course thank
Speaker 1: you for joining me. Now, as we wrap up today's episode,
Speaker 1: I want to remind you that your financial journey is
Speaker 1: your own journey, and you have the power to shape
Speaker 1: it every single day. So stay strong, stay informed, and
Speaker 1: stay independent, and keep that financial fire burning bright within you.
Speaker 1: This is sugar Mamma's fire.