Speaker 1: Good morning, everyone, and welcome back to another episode of
Speaker 1: Sugar Mama's Fireplay. I am your host financial planner, Canna Campbell,
Speaker 1: and today I am well this morning, I am literally
Speaker 1: bursting at the seams because I have something very exciting
Speaker 1: to share with you that I know will make a
Speaker 1: meaningful impact on your life. That is the Sugar Mama
Speaker 1: ten Day Financial Reset Challenge. This is a challenge that
Speaker 1: I started this time last year. In fact, I had
Speaker 1: to do it from Hong Kong, and it is an amazing,
Speaker 1: fun challenge which really takes us back to the basics
Speaker 1: of what we want to achieve and why with our
Speaker 1: financial goals and our financial journey. And this is the
Speaker 1: perfect time to be doing this as most of us
Speaker 1: are officially returning back to work for twenty twenty five.
Speaker 1: The holiday season has sadly come to an end, and
Speaker 1: we really need to make sure that we hit the
Speaker 1: ground running with optimal levels of motivation, focus and clarity.
Speaker 1: So this is your perfect chance, your perfect opportunity to
Speaker 1: take small, simple steps towards building a greater sense of
Speaker 1: financial clarity, financial confidence, and financial motivation for your journey
Speaker 1: around money and financial wellbeing. It is the perfect way
Speaker 1: to hit reset and refresh your perspective and launch into
Speaker 1: twenty twenty five feeling strong, feeling powerful and being in control.
Speaker 1: And the best part, it is completely free. It takes
Speaker 1: just a few minutes each day, and it is designed
Speaker 1: to be fun and achievable for absolutely everyone, whether you
Speaker 1: are new to fixing your finances and you're feeling completely
Speaker 1: overwhelmed and not sure as to where to start, or
Speaker 1: whether you're a seasoned financial expert. This is for absolutely everyone,
Speaker 1: regardless of where you are starting financially, and it is
Speaker 1: an absolute honor to be able to do this with you.
Speaker 1: And if you're wondering, I am actually doing this with you, yes,
Speaker 1: I will be doing all the tasks, all the exercises
Speaker 1: each day, so we're literally doing this together as a
Speaker 1: power couple, you could say. Now, as I mentioned, this
Speaker 1: is free and it is quick and easy to access,
Speaker 1: there's only two conditions you need to follow. That is
Speaker 1: number one, you are following me on Instagram at sugar
Speaker 1: Mama TV, because this is where I'm going to be
Speaker 1: sharing all the tasks and exercises each morning at around
Speaker 1: about seven a m. I also recommend if you're on
Speaker 1: the TikTok platform to make sure you're following me there
Speaker 1: because I'll be going through the same task and exercise
Speaker 1: but in more details. So if you love the exercise,
Speaker 1: you want to know more, want to go deeper, make
Speaker 1: sure you're following me on TikTok Sugar Mama, because you
Speaker 1: can actually get more information from that particular platform. And
Speaker 1: of course make sure you save and share every single
Speaker 1: post and task that you do. Comment, share your feedback,
Speaker 1: share your insights, your discoveries, how you feel after you've
Speaker 1: done that task, and of course please taggle your friends
Speaker 1: as you're doing this, because we can create a huge
Speaker 1: wave of serious financial empowerment and really raise the benchmark
Speaker 1: of financial literacy, not just in Australia but around the world.
Speaker 1: All Right, So in today's episode, it's a short but
Speaker 1: sweet one, but I've explained to you why this challenge
Speaker 1: matters to you, why you need to be doing it,
Speaker 1: and what you're going to gain from it. I'm going
Speaker 1: to break down how the Sugar Mama ten day Financial
Speaker 1: Reset Challenge works so that you can mentally prepare for
Speaker 1: each topic that we're going to be covering each day.
Speaker 1: And then of course I'll explain to you in more
Speaker 1: detail as to how you can access all of this
Speaker 1: information and if you get stuck, how to actually get
Speaker 1: in contact with me and ask those questions. So there's
Speaker 1: a lot to be covered in this particular episode if
Speaker 1: you're really excited about embracing this challenge, and of course
Speaker 1: I'll also share with you in this episode if you
Speaker 1: miss a day, how to quickly and easily catch up.
Speaker 1: All right, everyone, let's begin breaking down the Sugar Mama
Speaker 1: ten day Reset Challenge. All right, So to start off,
Speaker 1: I'm going to walk you through what each day of
Speaker 1: the challenge actually looks like and why it matters to you.
Speaker 1: So day one, we're going to be really focusing on
Speaker 1: your why, and we're going to give you some really
Speaker 1: simple tasks for you to do that don't cost anything
Speaker 1: and literally take a couple of minutes. This is a
Speaker 1: really important part and probably the most important one to
Speaker 1: kickstart this because when it comes to working on our
Speaker 1: financial world being, or actually any goal, hadn't said that
Speaker 1: you need to understand what it is why you were
Speaker 1: working on this. Quite often when I ask people, why
Speaker 1: are you working on your financial world being? Why are
Speaker 1: you working on these financial goals. They answer this sort
Speaker 1: of surface level answer which has no depth or meaning
Speaker 1: to it. There's nothing necessarily wrong with that, but if
Speaker 1: you want to make sure that you have longevity with
Speaker 1: your financial journey, it's you remain committed and connected to
Speaker 1: that path. You need to have a really deep understanding
Speaker 1: as to what your why is all about. And this
Speaker 1: is about going deep understanding, because when you connect with
Speaker 1: your why, it is just like this absolute fuel of
Speaker 1: that burns within you so that you keep going and
Speaker 1: you have a far greater sense of resilience and you're
Speaker 1: far less likely to be distracted. So I'll give you
Speaker 1: some exercises to help you really discover your own why.
Speaker 1: And of course I'm going to make sure you write
Speaker 1: absolutely everything down so you want to might want to
Speaker 1: pop out to the shops or grab a piece of
Speaker 1: paper pattern pen to have ready every morning at seven am.
Speaker 1: But we could say that day one is all about
Speaker 1: finding your anchor, your compass, and your ultimate source of
Speaker 1: financial power, all right, Day two, So Day two is
Speaker 1: about doing a stop take of your finances. It's about
Speaker 1: being really honest. And this exercise may be particularly uncomfortable
Speaker 1: for some who just have been sort of burying the
Speaker 1: head in the sand. This is the perfect task for you,
Speaker 1: and I promise you you're going to feel so much
Speaker 1: better once you've done this. But it's about looking at
Speaker 1: where you stand financially, looking at the savings, the debts,
Speaker 1: the superannuation and of course what insurance policies you may
Speaker 1: have in place. Now. The reason why this particular task
Speaker 1: is so incredibly important is you can't what you don't measure,
Speaker 1: So this is really about gaining that essential clarity and
Speaker 1: control in knowing exactly where you stand so you can
Speaker 1: start making informed decisions and can actually see how and
Speaker 1: where you're improving. This is something that a financial plan
Speaker 1: will do at the very start of doing a financial
Speaker 1: plan for you, so you're almost you know, creating your
Speaker 1: own financial plan for yourself. Now, on that note of clarity,
Speaker 1: a quick shout out to my friend and colleague Adam
Speaker 1: McCabe from Blue Lantern. He's actually also running a similar
Speaker 1: financial challenge, but this is purely focused around mortgages. So
Speaker 1: if you're someone who has a mortgage or has a
Speaker 1: goal to pay off their mortgage, make sure you go
Speaker 1: and check out Adam's Instagram account because he's sharing his challenge,
Speaker 1: which actually only goes for seven days. And if you're wondering,
Speaker 1: is this a duplicate of challenges, Nope, I've actually had
Speaker 1: a look at what Adam's challenge actually involves with his
Speaker 1: kind generosity, and is actually a brilliant combination. So you
Speaker 1: can literally do the Sugar Momma ten day Financial Reset challenge,
Speaker 1: and of course you can do Adam's seven day mortgage challenge.
Speaker 1: So again just to recap, Day two is about taking
Speaker 1: stock take of your finances, which yes, of course can
Speaker 1: include your mortgage. Day three, so day three is about
Speaker 1: setting financial goals. I am a goal addict. I am
Speaker 1: completely obsessed with goals. If I don't have a goal
Speaker 1: in my life, I just feel out of whack. I
Speaker 1: lose my sense of balance, I get distracted, I waste precious,
Speaker 1: valuable time, and I can come. I guess I could
Speaker 1: say I have an element of self destruction there. So
Speaker 1: this is about setting meaningful goals for ourselves, and meaningful
Speaker 1: goals with deadlines. And I promised to you I'm not
Speaker 1: going to talk about that generic smart goal strategy. Yes
Speaker 1: it is very valuable and very helpful, but I'm going
Speaker 1: to go deeper with you when it comes to setting goals,
Speaker 1: and again we will pick up on our why in
Speaker 1: setting those goals so that you really do have a
Speaker 1: proper roadmap for your financial journey. And remember, a goal
Speaker 1: without a plan is just simply a wish. So it's
Speaker 1: about taking your whys, understanding about where you stand and
Speaker 1: then building some goals as to where you want to
Speaker 1: land by the end of twenty twenty five. And we
Speaker 1: really are hitting the ground running for twenty twenty five,
Speaker 1: so that is day three. What will be covering Day
Speaker 1: four is about actually refining those goals, so taking those
Speaker 1: goals to a next level. Often when I'm writing my goals,
Speaker 1: I write them down and I think, yep, that's done.
Speaker 1: But it's not until I come back, typically about twenty
Speaker 1: four hours later, and I reread those goals. I actually
Speaker 1: find I'm able to add some important ingredients to those
Speaker 1: goals a go deeper. I add some keywords to those goals.
Speaker 1: I change the tents of these goals. I change them
Speaker 1: to the present moment, which really kickstarts my sense of
Speaker 1: empowerment and motivation, and it means that the wheels are
Speaker 1: in motion rather than constantly telling myself I'm going to
Speaker 1: do this. I'm going to do this, I flick it
Speaker 1: to I am doing this, which then organically comes out
Speaker 1: in my actions every single day without really trying. So
Speaker 1: really about going deeper and deeper, deeper as possible, deeper
Speaker 1: as we could possibly go, and redefining our goals and
Speaker 1: really reflecting as to what is important to us, what
Speaker 1: is actually a priority, what is a non negotiable and
Speaker 1: essential and something that we may have accidentally put on
Speaker 1: our list of goals that actually isn't really that important
Speaker 1: and doesn't really float our boat. We can get rid
Speaker 1: of those fluffy, flaky goals and just really hone in
Speaker 1: as to what is really important, what we really want
Speaker 1: to achieve for this particular year, so that and we
Speaker 1: have this crystal clear sense of commitment in our lives.
Speaker 1: Day five is then focused purely around superannuation. So we're
Speaker 1: going to be looking at where is our superannuation, how
Speaker 1: is it invested? Is the right type of investment for us?
Speaker 1: And our goals? Now that we have those really clear
Speaker 1: and really getting down and dirty with how much we
Speaker 1: really need for retirement, you know, I'm going to be
Speaker 1: giving you some formulas and colors, some numbers to really
Speaker 1: think about as to how much money we need in super,
Speaker 1: so that you stop following what the averages are out there,
Speaker 1: because in my mind and my not just my personal mind,
Speaker 1: but in my professional mind, the averages of what the
Speaker 1: average Australian has in their superannuation is far too low.
Speaker 1: So I really want to stop people thinking, well, the
Speaker 1: average person's got two hundred thousand super. I've got one
Speaker 1: hundred and ninety two thousand SUPER. I'm fine, No you're not.
Speaker 1: It doesn't actually work like that. You need to think
Speaker 1: about what you want on your terms and build up
Speaker 1: towards that number. And as you know from listening to
Speaker 1: this podcast, channel, superannuation is one of your most powerful
Speaker 1: tools for long term wealth. So awareness now can make
Speaker 1: all the difference for your future. Trust me on that
Speaker 1: Day six is going to be a continuation of Superannuation,
Speaker 1: and of course, yes, I promise you will be touching
Speaker 1: on budgeting and cash flow because they do work in unison.
Speaker 1: We're getting more money into your superannuation and of course
Speaker 1: achieving all of those goals. Day eight we're going to
Speaker 1: be talking about investing, talking about the various different types
Speaker 1: of investments, but I really will be touching on shares
Speaker 1: because that's an area that I'm so passionate about, in
Speaker 1: particular Australian industrial shares. As you may know, I'm a
Speaker 1: huge fan of Peter Thornhill and his investment philosophy, which
Speaker 1: is one of the key strategies of my own financial
Speaker 1: game plan. We're going to be talking about building passive
Speaker 1: income long term, growing passive income, and you'll see from
Speaker 1: listening to this particular challenge and following and doing the
Speaker 1: tasks that investing is key to financial independence, not just savings, guys,
Speaker 1: investing and this task that I'm going to give you
Speaker 1: helps you see the actual potential of passive income in
Speaker 1: your life. Particularly when you receive your first passive income
Speaker 1: check or deposit, the penny's going to drop and you'll
Speaker 1: see how this actually fits into your bigger financial picture.
Speaker 1: Day nine, we're going to be focusing on insurance. Not
Speaker 1: just general insurance like your home and contents insurance, but
Speaker 1: talking about personal insurance. What happens if you work due
Speaker 1: to a medical reason. Who's going to pay the rent,
Speaker 1: who's going to pay the mortgagees you're going to put
Speaker 1: food on the table. This is why things like income
Speaker 1: protection are really important to have in your life, and
Speaker 1: you've got to be considering as to whether they are
Speaker 1: right for you. And I when I say if they're
Speaker 1: right for you, I'd say about ninety percent of Australian's
Speaker 1: need income protection. Unless you are you know, swimming in cash,
Speaker 1: have absolutely no debt, and you know an excessive amount
Speaker 1: of passive income that exceeds your living expenses, it is
Speaker 1: highly likely that you need income protection. So not only
Speaker 1: are we going to be looking at if you're needing
Speaker 1: protection or not, be looking at making sure helping make
Speaker 1: sure that you have the right type of income protection
Speaker 1: in your life. And it won't be just income protection.
Speaker 1: We'll be talking about life cover, tipity cover and trauma
Speaker 1: cover as well. And then Day ten. Day ten is
Speaker 1: about reflecting and planning ahead. I don't want this to
Speaker 1: be a ten day challenge that you do tick off
Speaker 1: and then just go back to your normal day every life.
Speaker 1: I want this ten day challenge to have a profound
Speaker 1: impact in your life. I want it to be the catalyst,
Speaker 1: the breakthrough, the shift in your life where you actually
Speaker 1: realize how powerful you are, how capable you are to
Speaker 1: make powerful positive improve moods in your life. With money
Speaker 1: and with growing financial freedom and harmony in your life.
Speaker 1: So this is where we're going to be investing time, reflecting,
Speaker 1: looking at what you've just achieved for yourself, looking at
Speaker 1: what you want to build upon, what you want to
Speaker 1: continue on, including incorporating into your days, into your life
Speaker 1: going forward throughout twenty twenty five. It's about staying on track,
Speaker 1: it's about staying in control, and of course continuing to
Speaker 1: make yourself accountable. Reflecting really solidifies your progress and it
Speaker 1: helps turn these insights into lifelong habits. So that is
Speaker 1: what the ten Day Sugar Mamma Challenge in a nutshell,
Speaker 1: as I mentioned, I'm going to be doing this with
Speaker 1: you and not sitting here on my high horse giving
Speaker 1: you instructions. I'm actually getting down and dirty with you
Speaker 1: and facing the reality of my own financial situation and
Speaker 1: looking at what I can do myself but Tom and
Speaker 1: I within my family to improve our financial wellbeing and
Speaker 1: continue on going from strength to strength. At all times,
Speaker 1: I'm here to help you. So if you have any
Speaker 1: questions about this particular challenge, the task, the exercises, what
Speaker 1: you are discovering about yourself, I'm going to ask that
Speaker 1: you please put your question in the Instagram reel that
Speaker 1: I share each morning at seven am. How to explain this?
Speaker 1: So basically, my Instagram account has been inundated with porn,
Speaker 1: which is horrible. So if you send me a DM,
Speaker 1: it is highly likely that your DM will get lost
Speaker 1: in the really inappropriate content that I somehow cannot block
Speaker 1: in my life. Right now, now, by you putting your
Speaker 1: question in the reel as a comment, I will then
Speaker 1: see it and I can then send you a DM.
Speaker 1: Of course, you do not to go and share confidential,
Speaker 1: private information. That's not what about For me to actually
Speaker 1: see your question, I need to see it as a comment.
Speaker 1: And one other thing I would love to love for
Speaker 1: you guys to do is get your friends, your family.
Speaker 1: If you have a partner or a husband, or someone
Speaker 1: you really love that you think would benefit from doing
Speaker 1: this ten day challenge, tag them in all of the
Speaker 1: reels so that they can be a part of this. Now,
Speaker 1: for anyone who's got a bit of a busy week
Speaker 1: ahead as they most of us return back to work,
Speaker 1: please know that if you miss a day, it is
Speaker 1: not disastrous. You can very easily catch up because whilst
Speaker 1: I'll be sharing the instructions as a story. The instructions
Speaker 1: will also be saved as a reel on the Sugar
Speaker 1: Mama Instagram account grid. So for example, so you miss
Speaker 1: Thursday and Friday, that's okay, you can use the weekend
Speaker 1: to catch up. You will have all the constructions to
Speaker 1: follow clearly saved and again to remind you, if you
Speaker 1: have questions, put them as a comment in the reel.
Speaker 1: Please don't send me a DM because I will miss
Speaker 1: it amongst all the prolific information that I've been sent
Speaker 1: by spam unfortunately. So I am incredibly excited about this challenge,
Speaker 1: and of course don't forget to go and follow Adam
Speaker 1: McKay from Blue Lantern if you have a mortgage and
Speaker 1: you want to also tackle your mortgage wells also doing
Speaker 1: this reset challenge. It is so exciting to do this.
Speaker 1: I am. I've been building up all weekend. I actually
Speaker 1: got quite sick last week and I prioritize getting to sleep,
Speaker 1: letting my body rest, quitting all those gym workouts that
Speaker 1: I have planned so I could ensure that I am
Speaker 1: launching this morning on a pole of a positive healthy
Speaker 1: fit note with a huge sense of clarity, motivation that's
Speaker 1: going to hopefully support you and benefit you for the
Speaker 1: next ten days as we work together. So thank you
Speaker 1: everybody for listening to this morning's episode. I have linked
Speaker 1: my Instagram account. I have also linked my TikTok account.
Speaker 1: I've got on linked Adam's account as well, because that's
Speaker 1: a great resource as well, even if you're not doing
Speaker 1: this particular challenge, if you're interested in getting out a
Speaker 1: loan or debt, recycling and so forth, and again a
Speaker 1: reminder TikTok is where there'll be additional information and a
Speaker 1: longer explanation of each daily task. All right, everyone so excited,
Speaker 1: let's do this. Bring on twenty twenty five. This is
Speaker 1: Sugar Mama's fireplay, and thank you for listening.